Companies news

HAUPPAUGE, N.Y., May 7 /PRNewswire-FirstCall/ -- Audiovox Corporation today announced that its wholly-owned subsidiary, Audiovox Accessories Corp. (AAC) has reached a comprehensive agreement with Universal Electronics Inc. that will cover the supply of microcontrollers and software for existing AAC brands, development of new products, and a license for distribution rights for products sold in North America as well as selected Latin America and Asian retail markets as the ONE FOR ALL(R) brand.

Under the terms of the agreement, UEI will become the exclusive supplier of embedded microcontrollers and infrared (IR) database software for Audiovox's complete line of RCA universal remote controls sold in North America. Additionally, UEI will develop future remote controls for existing brands in the AAC line-up. Today, Audiovox, through its RCA and Acoustic Research brands, is the #1 provider (unit market share) of universal remotes, which are sold in major retail outlets across the country.

UEI has also granted Audiovox an exclusive license to sell and distribute ONE FOR ALL(R) brand remote controls in North America and other selected Latin American and Asian markets. The ONE FOR ALL(R) brand will continue to be sold and distributed internationally in regions not covered by this agreement through Universal Electronics, BV, a wholly-owned subsidiary of UEI.

Commenting on today's announcement, Patrick Lavelle, President and CEO of Audiovox stated, "We are pleased to have expanded our relationship with UEI and believe the customer will ultimately be the beneficiary as they will receive the most innovative solutions. This agreement will further enhance our R&D capabilities and help us penetrate new customer segments. It will also allow us to grow our market leading position in the remote control category."

David Geise, president of Audiovox Accessories Corporation stated, "Remote controls are playing an increasingly important role in the entertainment ecosystem and serve as the primary touch point for consumers accessing media. Our new partnership with UEI affords us a great opportunity to take on a well-known brand such as ONE FOR ALL(R) with strong potential for growth in the North American market. This agreement positions Audiovox to take advantage of the continuing growth in the home entertainment industry, allowing us access to a trusted partner in remote control innovation and technology. This will help us to aggressively expand our existing lineup through the Acoustic Research and RCA families."

"We're thrilled that both parties were able to complete an agreement of this magnitude as it should immediately benefit both companies enormously," says Paul Arling, chairman and chief executive officer of Universal Electronics. "We fully expect Audiovox to propel the ONE FOR ALL(R) brand through their market leadership in sales and distribution of retail remote controls and accessories. Audiovox is the premier global leader in electronics accessories and is an ideal choice for managing and distributing of the ONE FOR ALL(R) brand in North America. We look forward to an exciting future with the prestigious Acoustic Research lineup and the iconic RCA products, along with the new opportunities this opens up for us in the retail channel."

About Audiovox

Audiovox is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products and accessories. The Company is number one in mobile video and places in the top ten of almost every category that it sells. Among the lines marketed by Audiovox are its mobile electronics products including mobile video systems, auto sound systems including satellite radio, vehicle security and remote start systems; consumer electronics products such as portable DVD players, Portable GPS, flat-panel TVs, extended range two-way radios; multimedia products like digital picture frames and home and Audiovox and Universal Electronics portable stereos; as well as consumer accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power & surge protectors and media cleaning & storage devices. The Company markets its products through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group. The Company markets products under the Audiovox, Jensen, Acoustic Research, Advent, Code Alarm, Terk, and Prestige brands, as well as the recently-acquired rights from Thomson's Americas consumer electronics accessory business to the RCA brand for Consumer Electronics accessories. The acquisition also includes the Recoton, Spikemaster, Ambico and Discwasher brands for use on any products and the Jensen, Advent, Acoustic Research and Road Gear brands for accessory products. Audiovox already owns Jensen, Advent, Acoustic Research and Road Gear brands for electronics products as part of prior acquisitions. For additional information, visit our web site at http://www.audiovox.com/.

Safe Harbor Language

Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statements. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to, risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the mobile and consumer electronics and accessories businesses; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against Audiovox and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form 10-K for the fiscal year ended February 28, 2007 and Form 10-Q for the third fiscal quarter ended November 30, 2007.

Company Contacts Glenn Wiener GW Communications for Audiovox Tel: 212-786-6011 or Email: gwiener@GWCco.com

Audiovox Corporation

CONTACT: Glenn Wiener of GW Communications for Audiovox,
+1-212-786-6011, gwiener@GWCco.com

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

Entrust, Hewlett Packard Partner to Deploy Taiwanese ePassports, Authenticate Biometric DataSolution allows straightforward migration to EAC ePassport technology

DALLAS, May 7 /PRNewswire-FirstCall/ -- An innovator in ePassport technology, Entrust, Inc. will provide its proven public key infrastructure to the Taiwanese government to help authenticate sensitive biometric information stored on machine readable travel documents (MRTDs) -- also known as ePassports -- which will be available to nearly 23 million citizens by the end of 2008.

"The need to securely identify people moving across national and international borders has never been more important than it is today," said Dr. Poh-Chuan Tan, Public Sector Director, HP Asia Pacific and Japan. "We are excited to be enabling the implementation of biometric epassports in Taiwan to help increase border security without adding to traveller waiting times.

Secured by Entrust Authority Security Manager, the Bureau of Consular Affairs (BOCA), Ministry of Foreign Affairs, Taiwan, will leverage the PKI to protect the integrity and validity of personal data (e.g., digitized information, photograph) via Entrust digital signatures for Basic Access Control (BAC). Developed using Hewlett Packard's NIS, Taiwan's ePassport systems plans to provide BAC ePassports to 23 million Taiwan citizens by the second half of 2008.

"Leveraging our public key infrastructure technology, we are proud to secure the most trusted government-issued credentials around the world," said Entrust Chairman, President and Chief Executive Officer Bill Conner. "The PKI technology leveraged in this specific deployment addresses the needs of the Taiwanese government today, but also provides the ability to migrate to second-generation ePassport solutions as their requirements and border security needs evolve."

The use of biometric ePassports will enable the Taiwanese government to protect the integrity and verify the authenticity of data stored on the MRTDs, as well as help stop the use of forged or tampered travel documents. Initial ePassport projects typically standardize on BAC, which features passive and optional active authentication and is in production in Europe and many parts of the world. Entrust provides BAC ePassport security for a number of top global e-governments, including the U.S., U.K., Slovenia, Singapore, New Zealand and now Taiwan.

A vital tool to help protect both international and domestic borders, ePassport travel documents contain an electronic chip -- smart card or RFID -- that stores information that can be verified against the data on the passport as well as against the individual. Because of the sensitivity of this personal information (e.g., digitized photographs, or other biometrics) the security and integrity of ePassports are critical. To protect these assets, PKI is an integral technology for the security and verification infrastructure of ePassports.

Modular and fully integrated, the Entrust Authority PKI portfolio is built on the foundation of Entrust Authority Security Manager, the certification authority (CA) system responsible for issuing and managing users' digital identities. Optional components help organizations manage the entire lifecycle of PKI certificates. Approximately 1,000 government and commercial organizations have purchased Entrust PKI solutions since Entrust introduced its first PKI.

Also available from Entrust Authority Security Manager, Extended Access Control (EAC) provides a higher level of security during the verification process of ePassports. To experience the benefits of the next-generation ePassports, visit the Entrust interactive EAC demonstration at https://www.entrust.com/forms/eac-demo/index.htm.

HP focuses on simplifying technology experiences for all of its customers -- from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world's largest IT companies, with revenue totaling $107.7 billion for the four fiscal quarters ended Jan. 31, 2008. More information about HP is available at http://www.hp.com/.

About Entrust

Entrust secures digital identities and information for consumers, enterprises and governments in more than 1,700 organizations spanning 60 countries. Leveraging a layered security approach to address growing risks, Entrust solutions help secure the most common digital identity and information protection pain points in an organization. These include SSL, authentication, fraud detection, shared data protection and e-mail security. For information, call 888-690-2424, e-mail entrust@entrust.com or visit http://www.entrust.com/.

Entrust is a registered trademark of Entrust, Inc. in the United States and certain other countries. In Canada, Entrust is a registered trademark of Entrust Limited. All Entrust product names are trademarks or registered trademarks of Entrust, Inc. or Entrust Limited. All other company and product names are trademarks or registered trademarks of their respective owners.

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PRN Photo Desk, photodesk@prnewswire.com Entrust, Inc.

CONTACT: Brooke Hamilton, Media Relations of Entrust, Inc.,
+1-972-713-5915, brooke.hamilton@entrust.com

Web site: http://www.entrust.com/
http://www.hp.com/

Kiwibox Partners with Pop Sensation 'Varsity Fan Club'Teen social network's members vie for opportunity to interview Capitol Records' recording artists

NEW YORK, May 7 /PRNewswire-FirstCall/ -- Magnitude Information Systems, Inc. ("Magnitude") (BULLETIN BOARD: MAGY.OB) disclosed today the following developments concerning Kiwibox.com, its primary business unit.

Kiwibox (http://kiwibox.com/), the first social networking destination and online magazine where teens produce, discover, and share content while connecting with friends, announced today a contest that will allow one of its members to interview Capitol Records' newest pop sensation, Varsity Fan Club. The grand prize winner will conduct a phone interview with the group, and a transcript of the conversation will be published on Kiwibox.

"We're all super excited about Kiwibox giving us this great opportunity to connect with our fans," said Jayk Purdy, member of Varsity Fan Club. "We're really looking forward to the interview and hope our fans will enjoy it, too."

To enter the contest, Kiwibox members can either post a response to the most recent article about Varsity Fan Club (http://kiwibox.com/article/36654) on the Kiwibox.com Web site, or send an email to contest@kiwibox.net that explains why they should be selected to interview the group.

"The driving force behind the content on Kiwibox has always been our members and their contributions as teen and young adult citizen journalists," said Lin Dai, chief executive officer of Kiwibox. "By leveraging our many strategic relationships within the entertainment industry, we can reward these content producers with fun prizes and exciting opportunities - like the chance to interview Varsity Fan Club."

The contest began April 29th and will run through May 20th. Registered members of Kiwibox.com that are at least 13 years old can enter. Five runners- up will receive autographed merchandise from Varsity Fan Club. For more information, visit http://www.kiwibox.com/contest/844

About Kiwibox.com

Founded in 1999, Kiwibox.com is the first social networking destination and online magazine where teens produce, discover, and share content while making friends. Our members (called Kiwis) are teens "in the know" who regularly visit Kiwibox.com to enjoy personalized content while sharing their interests with peers. With more than 1.8 million registered members, Kiwibox is one of the leading distribution and marketing channels to connect advertisers with the highly sought after teen audience, in a controlled and interactive environment. For more information, visit http://kiwibox.com/.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors. Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, resolution of pending regulatory investigations and related issues, including those related to compensation arrangements with underwriters, pension funding, ultimate paid claims may be different from actuarial estimates and actuarial estimates may change over time, changes in technology and internet developments, commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities and other loss contingencies, and the heightened level of potential errors and omissions liability arising from placements of complex policies and sophisticated reinsurance arrangements in an insurance market in which insurer reserves are under pressure. Further information, concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission.

Kiwibox.com

CONTACT: Edward L. Marney, President and Chief Executive Officer of
Magnitude Information Systems Inc., +1-772-286-9292

Web site: http://www.kiwibox.com/
http://www.kiwibox.com/contest/844
http://kiwibox.com/article/36654

American DG Energy to Hold Earnings Conference Call On Wednesday, May 14, 2008

WALTHAM, Mass., May 7 /PRNewswire-FirstCall/ -- American DG Energy Inc. (BULLETIN BOARD: ADGE) , a leading On-Site Utility offering clean electricity, heat, hot water and cooling to hospitality, healthcare, housing and athletic facilities, announced that it will release its financial results for the first quarter of 2008 before the market opens on Wednesday, May 14, 2008, and will hold a conference call on the same day at 9:00 a.m. Eastern Time.

During the call, the company will discuss its first quarter financial performance. To listen, call (800) 860-2442 within the U.S. or (412) 858-4600 outside the U.S. Participants should reference American DG Energy to access the call. Please begin dialing at least 10 minutes before the scheduled starting time. The earnings press release will be available on the Company web site at http://www.americandg.com/ in the "Investors" section under "News Releases." The call will be available for playback through Tuesday, May 20, 2008. To listen to the playback, call (877) 344-7529 within the U.S. or (412) 317-0088 outside the U.S. and use Playback Code 419207.

About American DG Energy

American DG Energy (BULLETIN BOARD: ADGE) supplies low-cost energy to its customers through distributed power generating systems. The company is committed to providing institutional, commercial, and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities -- without any capital or start-up costs to the energy user. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at http://www.americandg.com/.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company's website and SEC filings. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes.

American DG Energy Inc.

CONTACT: John Hatsopoulos of American DG Energy Inc., +1-781-522-6020

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

Longtop Financial Technologies Limited to Release Financial Results on May 19, 2008 for the Quarter and Fiscal Year Ended March 31, 2008

XIAMEN, China, May 7 /Xinhua-PRNewswire/ -- Longtop Financial Technologies Limited ("Longtop") , today announced that it will release financial results for the quarter and fiscal year ended March 31, 2008 on May 19, 2008 (US Eastern Time) before the market opens.

Longtop's senior management team will host a conference call and audio webcast at 7:00 am U.S. Eastern Time on May 19, 2008 (4:00 am U.S. Pacific Time and 7:00 pm Beijing/Hong Kong time on May 19, 2008). The conference call will last for approximately one hour.

U.S. callers please dial: 800 860 2442 International callers please dial: +1 412 858 4600 Passcode: Longtop

A live audio webcast of the conference call, as well as online replay of the call, will be available on Longtop's website at http://www.longtop.com/en .

About Longtop Financial Technologies Limited

Longtop is a leading software development and solutions provider targeting the financial services industry in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China. Longtop has five solution delivery centers, three research centers and thirty four service centers located in 20 provinces throughout China.

Longtop was founded in 1996 by Jia Xiaogong, Chairman, and Lian Weizhou, CEO as a system integration company focusing on the financial services industry in China and made the transition to a software and solutions provider in 2001. For more information, please visit: http://www.longtop.com/en .

For further information contact: Longtop Financial Technologies Limited Charles Zhang, Director of IR Phone: +86-10-84217758 Email: ir@longtop.com

Longtop Financial Technologies Limited

CONTACT: Longtop Financial Technologies Limited - Charles Zhang,
Director of IR, +86-10-84217758, or ir@longtop.com

Web Site: http://www.longtop.com/en

Adoption of Salesforce.com Software-as-a-Service and Platform-as-a-Service Accelerates Throughout EMEASalesforce.com surpasses 7,000 EMEA customers and nearly 140,000 subscribers in first fiscal quarter of 2009Industry leaders Air Liquide, The Christie Group, CODA, COLT Telecom Group, DSV, Rentokil Initial and Wartsila are among new European customers adopting salesforce.com SaaS and PaaS90 European partners have launched more than 120 applications on the AppExchange, with CODA, Fairsail and more delivering native apps built on Force.com

LONDON, May 7 /PRNewswire-FirstCall/ -- salesforce.com Dreamforce Europe user conference -- Salesforce.com , the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), today announced customers and partners across EMEA (Europe, Middle East and Africa) are adopting salesforce.com SaaS applications and the Force.com Platform in record numbers.

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

Salesforce.com passed 7,000 customers and nearly 140,000 subscribers in EMEA in the first quarter of 2009. Industry leaders such as Air Liquide, The Christie Group, CODA, COLT Telecom Group, DSV, Rentokil Initial and Wartsila are among new European customers adopting salesforce.com for SaaS and PaaS. Additionally, dozens of European ISV partners have launched more than 120 applications on the AppExchange, with CODA, Fairsail and others delivering applications built natively on the Force.com Platform.

"Thousands of customers throughout EMEA are generating success with salesforce.com SaaS and PaaS," said Marc Benioff, chairman and CEO of salesforce.com. "Our market-leading CRM applications, Force.com Platform, and the AppExchange marketplace are enabling a strategy of on-demand success not only for our customers, but for developers and partners as well."

Research firm Gartner forecasts Software as a Service to have a compound annual growth rate of 22.1% through 2011 for the aggregate enterprise application software markets, more than double the growth rate for total enterprise software.(1)

Salesforce.com EMEA out-paced industry growth rates with 69 percent year over year revenue growth and 70 percent Q4 '08 revenue growth compared to the same quarter a year prior. Additionally, industry analyst firm Ovum recently validated that salesforce.com is #1 in market share across EMEA in its CRM forecast report.(2)

EMEA Customers Adopting Salesforce.com SaaS and PaaS

EMEA businesses continue their rapid adoption of salesforce.com SaaS applications, including the Salesforce CRM application suite, Salesforce Content, and Salesforce Ideas, as well as the Force.com Platform for developing and deploying on-demand applications. SaaS and PaaS allow customers to focus on the benefits of the applications rather than the cost and complexity associated with managing software infrastructure.

More than 7,000 customers and almost 140,000 subscribers across EMEA are now using salesforce.com's SaaS CRM applications and Force.com Platform-as-a-Service to run their businesses.

Salesforce.com EMEA customers include ABN Amro, Allianz Commercial, Celerant Consulting, CODA, Dimension Data, Fortis Investments, KONE, Konica Minolta, Misys International Banking Systems, Priority Telecom, Siemens Enterprise Communications GmbH & Co. KG, Standard Life Bank, Toyota Motor Europe, and many more. Additionally, there are now more than 15 salesforce.com EMEA customers with more than 1,000 subscribers, indicating the adoption and momentum for SaaS and PaaS with large enterprises.

"CIOs and IT departments at European enterprises recognize the innovation, time-to-value and ease-of-use that salesforce.com delivers with its SaaS applications and Force.com Platform, and they are choosing us in greater numbers all the time," said Lindsey Armstrong, president of salesforce.com EMEA. "Business decision makers are realizing that this is the era of Software-as-a-Service, and salesforce.com gives them the ability to harness the power of cloud computing to better their enterprises."

Customers named in this release are part of the 41,000 customers of all sizes, industries and geographies that comprised the salesforce.com customer base as of January 31, 2008.

EMEA Partners Generating Success with SaaS, PaaS and the AppExchange

ISV partners throughout EMEA are embracing the Force.com Platform for application development and deployment, and the AppExchange as a go-to-market strategy to reach customers. EMEA partners have made more than 120 applications available on the AppExchange to date, giving customers the ability to quickly and easily extend Salesforce with additional on-demand business applications. The AppExchange can be found at http://www.salesforce.com/appexchange/.

Developers and partners are using Force.com to build new SaaS applications beyond CRM, such as CODA's accounting and financials application, CODA2Go, and Fairsail for human capital management. Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace, enabling all the innovation that Force.com unleashes to be easily distributed to the entire on-demand community.

1. Dataquest Insight: SaaS Demand Set to Outpace Enterprise Application Software Market Growth, 3 August 2007 by Sharon A. Mertz, Chad Eschinger, Tom Eid and Ben Pring 2. Ovum Report, 2007 About salesforce.com

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

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

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

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

CONTACT: Jane Lawrence of Salesforce.com, +44 (0) 77898 60525,
jlawrence@salesforce.com

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

Hughes Communications, Inc. Announces First Quarter 2008 ResultsFirst Quarter 2008 Revenues Increase 6% over First Quarter 2007 to a Record $237 million; Adjusted EBITDA Increases 15% to $29 million; New Order Bookings Increase to $286 million

GERMANTOWN, Md., May 7 /PRNewswire-FirstCall/ -- Hughes Communications, Inc. ("Hughes"), the global leader in broadband satellite network solutions and services, today announced financial results for the quarter ended March 31, 2008. Hughes' consolidated operations are classified into four reportable segments: North America VSAT; International VSAT; Telecom Systems; and Corporate and Other. The North America VSAT, International VSAT and Telecom Systems segments represent all the operations of Hughes Network Systems, LLC ("HNS"), Hughes' principal operating subsidiary.

"We accomplished a major milestone on April 3, 2008, namely, the initiation of commercial service on SPACEWAY(TM) 3, our new state-of-the-art satellite," said Pradman Kaul, president and chief executive officer of Hughes. "We launched SPACEWAY 3 in August last year and thereafter, went through in-orbit testing as well as rigorous alpha and beta testing with customers. I am delighted that SPACEWAY 3 is now in service with revenue bearing traffic."

Kaul continued, "Hughes had a strong first quarter in 2008, setting new records for first quarter revenue, Adjusted EBITDA* and new orders. Revenues increased by 6% over the first quarter of 2007 to $237.2 million and once again, the major contributors to revenue growth were our consumer and mobile satellite businesses. Over 46,700 new consumers were activated in the first quarter of 2008, resulting in the subscriber base growing to 401,000 at March 31, 2008 for a growth of 16% over the subscriber base at March 31, 2007. Consumer ARPU increased to $65 in the first quarter of 2008 over $60 in the first quarter of 2007. Revenue in the Telecom Systems segment grew by 29% over the first quarter 2007 to $36 million, driven primarily by our mobile satellite business. Our North America and International enterprise businesses continued their steady revenue contribution with revenues of $110 million in the first quarter of 2008."

Kaul continued, "We booked new orders of $286 million in the first quarter of 2008. Our North America enterprise business received significant orders from GTECH, Row 44, Galaxy Broadband, Edward Jones, Lowes, and Marathon. In our International enterprise business, we received significant orders from Visa International, BP, Telefonica, Bentley Walker, and Tesco. In our Telecom Systems segment, we obtained significant orders from Mobile Satellite Ventures and Hughes Telematics."

Net income for the first quarter of 2008 was $0.7 million, and reflects an $8.5 million accrual related to the estimated payout in April 2009 for a one-time employee retention plan established in connection with the 2005 purchase of HNS from The DIRECTV Group, Inc. The liability is based on management's current assessment of the probability of achieving a profitability goal, and continued employment by the participants through April 22, 2009 after giving effect to the vesting period. Management will continue to assess this liability and will accrue the balance as appropriate through the vesting period. Management currently estimates that the payout will be $11.4 million compared to the maximum payout of $14.2 million. Adjusted Net Income* in the first quarter of 2008, after adding back the $8.5 million accrual and the $1.1 million in equity incentive plan compensation, was $10.2 million, an increase of $6.3 million over the first quarter of 2007. Adjusted EBITDA for Hughes increased in the first quarter of 2008 by 15% to $29.4 million over the first quarter of 2007; Adjusted EBITDA for HNS increased to $30.2 million which is an increase of 14% over the first quarter of 2007.

* Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain adjustments. EBITDA is defined as earnings (losses) before interest, income taxes, depreciation, amortization, and equity incentive compensation. Adjusted Net Income is defined as net income adjusted to exclude equity incentive plan compensation and long-term cash incentive (retention) plan expense. See "Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures."

Set forth below is a table highlighting certain of our results for the three months ended March 31, 2008 and March 31, 2007:

Hughes Communications, Inc. | Hughes Network Systems, LLC Three Months | Three Months Ended March 31, | Ended March 31, (Dollars in | (Dollars in thousands) 2008 2007 | thousands) 2008 2007 | Revenue | Revenue North America | North America VSAT $156,790 $151,565 | VSAT $156,790 $151,565 International | International VSAT 44,596 43,496 | VSAT 44,596 43,496 Telecom | Telecom Systems 35,634 27,670 | Systems 35,634 27,670 Corporate | Total $237,020 $222,731 and Other 140 151 | Total $237,160 $222,882 | | Operating income (loss) | Operating income North America | North America VSAT $5,022 $8,501 | VSAT $5,022 $8,501 International | International VSAT 433 958 | VSAT 433 958 Telecom | Telecom Systems 4,589 3,541 | Systems 4,589 3,541 Corporate | Total $10,044 $13,000 and Other (738) (1,444)| Total $9,306 $11,556 | | Net income $656 $2,940 | Net income $1,458 $4,308 | Adjusted | net income* $10,247 $3,957 | | EBITDA* $20,922 $24,380 | EBITDA* $21,674 $25,415 | Adjusted EBITDA* $29,442 $25,557 | Adjusted EBITDA* $30,194 $26,592 | New Orders $286,405 $277,360 | New Orders $286,265 $277,209 * For the definitions of Adjusted Net Income, EBITDA, and Adjusted EBITDA, see "Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures" below. Selected Highlights -- Hughes successfully activated the first HughesNet(R) consumer subscriber for broadband Internet service utilizing its SPACEWAY 3 satellite on April 3, 2008. With this significant milestone, the SPACEWAY 3 satellite has officially commenced carrying revenue-bearing traffic, making Hughes a fully integrated service provider. Launched by Arianespace in August, 2007, SPACEWAY 3 was subsequently placed into geostationary orbit by Boeing in December, 2007, at which time Hughes assumed operational control. Extensive pre-commercial testing has been completed since then and Hughes has now achieved its goal of commencing commercial service in early 2008. -- Hughes was awarded a 7-year contract by long-time customer, GTECH Corporation, the world's leading provider of lottery, gaming and transaction processing solutions, to take over management and operations of their private satellite networks, comprising 65,000 remote satellite terminals. The migration of operation services to Hughes facilities in North Las Vegas, NV and Germantown, MD is currently underway and is expected to be completed in the third quarter of 2008. -- Hughes signed MicroCorp, Inc. to be a certified reseller of HughesNet broadband satellite business services in the US. Now business customers purchasing telecom solutions from MicroCorp's network of more than 1,500 agents, system integrators, and value-added remarketers will have access to high-speed data services throughout the US, as well as back-up services, using HughesNet broadband satellite services. -- Hughes was issued $2.6 million in task orders by the Defense Information Systems Agency and other participating government agencies to provide Digital Compressed Satellite Services (DCSS) for the Government Education and Training Network (GETN). This effort is through the US General Services Administration's SATCOM-II vehicle and is anticipated to be a multi-million dollar effort. -- Orion Satellite Systems of Australia purchased and commissioned a state-of-the-art DVB-S2/IPoS with ACM satellite system from Hughes to provide broadband Internet access service to remote areas in Australia. Orion Satellite Systems is one of the registered providers of broadband satellite services under the Australian Broadband Guarantee (ABG) program. -- Hughes' Brazilian subsidiary Hughes Telecommunicacoes do Brasil, Ltda signed an agreement with Intelsat, the leading provider of commercial satellite services, to deliver a new managed cellular backhaul solution in Brazil, enabling cellular service providers to cost-effectively extend cell networks to rural areas and sparsely populated regions. -- Intelsat selected Hughes' HX broadband satellite platform for a new regional Ku-band broadband maritime service. Intelsat will deliver its new service via a limited number of distributor partners in the Caribbean and Gulf of Mexico regions starting in mid-2008. The Hughes HX System is fully compliant with the world's leading satellite industry standard, IPoS/DVB-S2 with Adaptive Coding and Modulation (ACM). The Hughes implementation of ACM on the downlink, together with Adaptive Inbound Selection (AIS) and signal spreading capability on the uplink, enables the use of small shipboard antennas to deliver high-speed Ku-band maritime services. -- Hughes signed All Systems Satellite Distributors to be a distributor of HughesNet satellite broadband Internet service in the Northeast and mid-Atlantic region, where large numbers of consumers are beyond the reach of cable and DSL. Under the terms of the agreement, All Systems will market primarily to retailers in Delaware, Maryland, New England, New Jersey, New York, Pennsylvania, Virginia, and West Virginia. This will create a new income opportunity for the retailers, who will sell and install the HughesNet satellite broadband service. -- The Society of Satellite Professionals International (SSPI) presented Hughes with its 2008 Industry Innovators Award for Systems Development and Applications. Hughes was recognized for its technology leadership in developing SPACEWAY 3, the world's first commercial satellite system to employ on-board switching and routing, at the SSPI gala held on February 26, 2008 during the Satellite 2008 industry forum in Washington DC. -- Hughes' Crypto Kernel, the cryptographic component of its HN and HX Systems, has earned a Federal Information Processing Standard (FIPS) 140-2 level 1 certificate (Certs. #919 and #915) from the National Institute of Standards and Technology (NIST). FIPS 140-2 validation is a requirement for any cryptographic product, which will be used in a US government agency network.

To summarize, Kaul said, "We are very pleased with our financial growth in first quarter of 2008 over what was already a very strong first quarter in 2007. I am also pleased with our new orders performance in the first quarter which has resulted in a strong non-consumer backlog of over $800 million. Our most significant accomplishment is that we initiated commercial service on our SPACEWAY 3 satellite and we expect to see significant cost benefits and new revenue opportunities going forward. We believe we have continued our tradition of delivering on our commitments to our shareholders, and are pleased at how we are positioned for the rest of this year and beyond."

Commenting on Hughes' financial performance, Grant Barber, executive vice president and chief financial officer, said, "Our profitability showed strong growth in the first quarter of 2008 with Adjusted EBITDA growing 15% over the first quarter of 2007. Hughes' GAAP net income in the quarter was $0.7 million or $0.03 per share compared with $2.9 million or $0.15 per share on a fully diluted basis in the first quarter of 2007. Non-GAAP Adjusted Net Income was $10.2 million, or $0.54 per share compared to $4.0 million or $0.21 per share on a fully diluted basis in the first quarter of 2007. Hughes ended the first quarter of 2008 with consolidated cash and marketable securities of $128.8 million."

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures

The following table reconciles the differences between Hughes' net income as determined under United States of America generally accepted accounting principles (GAAP), Adjusted Net Income, EBITDA, and Adjusted EBITDA.

Hughes Communications, Inc. Three Months Ended March 31, (Dollars in thousands) 2008 2007 Net income $656 $2,940 Add: Equity incentive plan compensation 1,071 1,017 Long-term cash incentive (retention) plan 8,520 - Adjusted net income $10,247 $3,957 Net income $656 $2,940 Add: Interest expense 9,308 11,438 Income tax expense 640 520 Depreciation and amortization 10,710 11,543 Equity incentive plan compensation 1,071 1,017 Less: Interest income (1,463) (3,078) EBITDA $20,922 $24,380 Add: Long-term cash incentive (retention) plan 8,520 - Restructuring charge - 1,177 Adjusted EBITDA $29,442 $25,557

The following table reconciles the differences between HNS' net income as determined under GAAP, EBITDA, and Adjusted EBITDA:

Hughes Network Systems, LLC Three Months Ended March 31, (Dollars in thousands) 2008 2007 Net income $1,458 $4,308 Add: Interest expense 9,308 11,438 Income tax expense 629 520 Depreciation and amortization 10,710 11,543 Equity incentive plan compensation 925 528 Less: Interest income (1,356) (2,922) EBITDA $21,674 $25,415 Add: Long-term cash incentive (retention) plan 8,520 - Restructuring charge - 1,177 Adjusted EBITDA $30,194 $26,592

The financial statements of Hughes and HNS for the three months ended March 31, 2008 and March 31, 2007 are attached to this press release.

Note on Use of Non-GAAP Financial Measures

Hughes provides non-GAAP financial data in addition to providing financial results in accordance with GAAP. This press release includes the following supplemental non-GAAP financial measures: Adjusted Net Income, EBITDA, and Adjusted EBITDA. Adjusted Net Income excludes from GAAP net income the effects of equity incentive plan compensation and the accrual of long-term cash incentive (retention) plan, which was adopted in April 2005 in connection with the acquisition of HNS. EBITDA is defined as earnings (loss) before interest, income taxes, depreciation, amortization and equity incentive plan compensation. Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain adjustments. We believe these non-GAAP financial measures provide useful information to both management and investors by excluding specific expenses that we believe are not indicative of our core operating results. Internally, we use these non-GAAP measures in our review of the performance of management and in the performance of our business and operations. Management also uses Adjusted EBITDA of HNS for purposes of determining the payments to be made in connection with the long-term cash incentive (retention) plan. Externally, we believe that investors may find this non-GAAP financial information useful in their assessment of our operating performance. In addition, we believe that these non-GAAP financial measures provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Adjusted EBITDA of HNS is also used in calculating covenant compliance under HNS' credit agreements and the indenture governing HNS' 91/2% Senior Notes due 2014.

Adjusted Net Income, EBITDA, and Adjusted EBITDA are not recognized terms under GAAP. These non-GAAP measures do not represent net income or cash flows from operations, as these terms are defined under GAAP, and should not be considered as alternatives to net income as an indicator of operating performance or to cash flows as a measure of liquidity. Additionally, these non-GAAP measures are not intended to be measures of cash flow available to management for discretionary use, as such measures do not consider certain cash requirements such as capital expenditures (including expenditures on VSAT operating lease hardware and capitalized software development costs), tax payments, and debt service requirements (including VSAT operating lease hardware). Adjusted Net Income, EBITDA and Adjusted EBITDA as presented herein are not necessarily comparable to similarly titled measures reported by other companies. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP.

About Hughes Communications, Inc.

Hughes Communications, Inc. is the 100 percent owner of Hughes Network Systems, LLC. Hughes is the global leader in providing broadband satellite networks and services for enterprises, governments, small businesses, and consumers. HughesNet encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI, and ITU standards organizations, including IPoS/DVB-S2, RSM-A, and GMR-1. To date, Hughes has shipped more than 1.5 million systems to customers in over 100 countries.

Headquartered outside Washington, DC, in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. For more information, please visit http://www.hughes.com/.

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

This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, discussions regarding industry outlook and Hughes' expectations regarding the performance of its business, its future liquidity and capital resource needs, its strategic plans and objectives. These forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. When used in this release, the words "believe," "anticipate," "estimate," "expect," "intend," "project," "plans" and similar expressions and the use of future dates are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward- looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. These statements are subject to certain risks, uncertainties and assumptions, including, but not limited to, the following: risks related to Hughes' substantial leverage and restrictions contained in its debt agreements, technological developments, its reliance on providers of satellite transponder capacity, changes in demand for Hughes' services and products, competition, industry trends, regulatory changes, foreign currency exchange rate fluctuations, and other risks identified and discussed under the caption "Risk Factors" in Hughes' Annual Report on Form 10-K for the year ended December 31, 2007 filed with the Securities and Exchange Commission on March 10, 2008 and in the other documents Hughes files with the Securities and Exchange Commission from time to time.

Hughes, HughesNet, IPoS, and SPACEWAY are trademarks of Hughes Network Systems, LLC. DIRECTV and DIRECWAY are registered trademarks of The DIRECTV Group, Inc.

Attachments Hughes Communications, Inc. Condensed Consolidated Balance Sheets Condensed Consolidated Statements of Operations Condensed Consolidated Statements of Cash Flows Hughes Network Systems, LLC Condensed Consolidated Balance Sheets Condensed Consolidated Statements of Operations Condensed Consolidated Statements of Cash Flows HUGHES COMMUNICATIONS, INC. Condensed Consolidated Balance Sheets (In thousands) (Unaudited) March 31, December 31, 2008 2007 ASSETS Current assets: Cash and cash equivalents $110,136 $134,092 Marketable securities 18,650 17,307 Receivables, net 187,490 209,943 Inventories 76,099 65,754 Prepaid expenses and other 36,215 43,720 Total current assets 428,590 470,816 Property, net 489,949 479,976 Capitalized software costs, net 49,185 47,582 Intangible assets, net 29,543 22,513 Goodwill 1,362 Other assets 115,393 108,950 Total assets $1,114,022 $1,129,837 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities: Accounts payable $73,166 $72,440 Short-term debt 12,730 14,795 Accrued liabilities 165,258 177,932 Due to affiliates 1,077 12,621 Total current liabilities 252,231 277,788 Long-term debt 577,431 577,761 Other liabilities 20,692 6,526 Total liabilities 850,354 862,075 Commitments and contingencies Minority interests 5,446 5,401 Stockholders' Equity: Preferred stock, $0.001 par value; 1,000,000 shares authorized and no shares issued and outstanding at March 31, 2008 and December 31, 2007 - - Common stock, $0.001 par value; 64,000,000 shares authorized; 19,185,794 shares and 19,195,972 shares issued and outstanding as of March 31, 2008 and December 31, 2007, respectively 19 19 Additional paid in capital 631,456 631,300 Accumulated deficit (366,212) (366,868) Accumulated other comprehensive loss: Foreign currency translation adjustments 3,492 3,305 Unrealized loss on interest rate swap (10,699) (5,482) Unrealized gains on securities 166 87 Total stockholders' equity 258,222 262,361 Total liabilities and stockholders' equity $1,114,022 $1,129,837 HUGHES COMMUNICATIONS, INC. Condensed Consolidated Statements of Operations (In thousands, except share and per share amounts) (Unaudited) Three Months Ended March 31, 2008 2007 Revenues: Services $148,897 $119,774 Hardware sales 88,263 103,108 Total revenues 237,160 222,882 Operating costs and expenses: Cost of services 94,217 80,234 Cost of hardware products sold 76,798 87,166 Selling, general and administrative 49,155 38,266 Research and development 6,076 4,124 Amortization of intangibles 1,608 1,536 Total operating costs and expenses 227,854 211,326 Operating income 9,306 11,556 Other income (expense): Interest expense (9,308) (11,438) Interest income 1,463 3,078 Other income, net 31 101 Income before income tax expense; minority interests in net losses of subsidiaries; and equity in losses of unconsolidated affiliates 1,492 3,297 Income tax expense (640) (520) Minority interests in net losses of subsidiaries (45) 283 Equity in losses of unconsolidated affiliates (151) (120) Net income $656 $2,940 Earnings per share: Basic $0.03 $0.16 Diluted $0.03 $0.15 Shares used in computation of per share data: Basic 18,867,630 18,843,122 Diluted 19,275,233 19,212,462 HUGHES COMMUNICATIONS, INC. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) Three Months Ended March 31, 2008 2007 Cash flows from operating activities: Net income $656 $2,940 Adjustments to reconcile net income to cash flows from operating activities: Depreciation and amortization 11,053 11,467 Equity plan compensation expense 1,071 1,017 Minority interests 45 (283) Equity in losses from unconsolidated affiliates 151 120 Other (3) (250) Change in other operating assets and liabilities, net of acquisitions: Receivables, net 23,857 (2,469) Inventories (10,194) (1,996) Prepaid expenses and other (3,927) (641) Accounts payable 905 (4,470) Accrued liabilities and other (6,197) (3,051) Net cash provided by operating activities 17,417 2,384 Cash flows from investing activities: Change in restricted cash 7 508 Purchases of marketable securities (2,071) (1,742) Proceeds from sales of marketable securities 1,005 15,000 Expenditures for property (22,948) (62,245) Expenditures for capitalized software (3,382) (3,288) Proceeds from sale of property 25 313 Additional investment in Hughes Systique Corporation (1,500) - Acquisition of Helius (10,812) - Long-term loan to Hughes Systique Corporation (500) - Net cash used in investing activities (40,176) (51,454) Cash flows from financing activities: Net increase in notes and loans payable 689 303 Long-term debt borrowings 1,654 115,296 Repayment of long-term debt (4,620) (6,902) Debt issuance costs - (1,987) Net cash (used in) provided by financing activities (2,277) 106,710 Effect of exchange rate changes on cash and cash equivalents 1,080 (384) Net(decrease) increase in cash and cash equivalents (23,956) 57,256 Cash and cash equivalents at beginning of the period 134,092 106,933 Cash and cash equivalents at end of the period $110,136 $164,189 Supplemental cash flow information: Cash paid for interest $2,832 $1,168 Cash paid for income taxes $952 $1,565 HUGHES NETWORK SYSTEMS Condensed Consolidated Balance Sheets (In thousands) (Unaudited) March 31, December 31, 2008 2007 ASSETS (Unaudited) Current assets: Cash and cash equivalents $109,755 $129,227 Marketable securities 11,400 11,224 Receivables, net 187,374 209,731 Inventories 76,099 65,754 Prepaid expenses and other 35,028 42,131 Total current assets 419,656 458,067 Property, net 489,949 479,976 Capitalized software costs, net 49,185 47,582 Intangible assets, net 29,543 22,513 Goodwill 1,362 Other assets 108,465 103,870 Other assets 109,827 103,870 Total assets $1,098,160 $1,112,008 LIABILITIES AND EQUITY Current liabilities: Accounts payable $71,762 $69,497 Short-term debt 12,730 14,795 Accrued liabilities 164,647 177,136 Due to affiliates 1,499 13,473 Total current liabilities 250,638 274,901 Long-term debt 577,431 577,761 Other long-term liabilities 20,692 6,526 Total liabilities 848,761 859,188 Commitments and contingencies Minority interests 5,386 5,350 Equity: Class A membership interests 180,731 180,655 Class B membership interests - - Retained earnings 70,361 68,903 Accumulated other comprehensive loss: Foreign currency translation adjustments 3,492 3,305 Unrealized loss on interest rate swap (10,699) (5,482) Unrealized gains on securities 128 89 Total equity 244,013 247,470 Total liabilities and equity $1,098,160 $1,112,008 HUGHES NETWORK SYSTEMS Condensed Consolidated Statements of Operations (In thousands) (Unaudited) Three Months Ended March 31, 2008 2007 Revenues: Services $148,757 $119,623 Hardware sales 88,263 103,108 Total revenues 237,020 222,731 Operating costs and expenses: Cost of services 94,203 80,206 Cost of hardware products sold 76,798 87,166 Selling, general and administrative 48,291 36,699 Research and development 6,076 4,124 Amortization of intangibles 1,608 1,536 Total operating costs and expenses 226,976 209,731 Operating income 10,044 13,000 Other income (expense): Interest expense (9,308) (11,438) Interest income 1,356 2,922 Other income, net 31 52 Income before income tax expense, minority interests in net (earnings) losses of subsidiaries 2,123 4,536 Income tax expense (629) (520) Minority interests in net (earnings) losses of subsidiaries (36) 292 Net income $1,458 $4,308 HUGHES NETWORK SYSTEMS Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) Three Months Ended March 31, 2008 2007 Cash flows from operating activities: Net income $1,458 $4,308 Adjustments to reconcile net income to cash flows from operating activities: Depreciation and amortization 11,053 11,467 Equity plan compensation expense 76 80 Minority interests 36 (292) Other (4) (191) Change in other operating assets and liabilities, net of acquisition: Receivables, net 23,761 (2,447) Inventories (10,194) (1,996) Prepaid expenses and other (4,268) (1,617) Accounts payable 2,444 (4,148) Accrued liabilities and other (5,527) (2,746) Net cash provided by operating activities $18,835 $2,418 Cash flows from investing activities: Change in restricted cash 7 (281) Proceeds from sales of marketable securities - 14,795 Expenditures for property (22,948) (62,245) Expenditures for capitalized software (3,382) (3,288) Proceeds from sale of property 25 313 Acquisition of Helius (10,812) - Net cash used in investing activities (37,110) (50,706) Cash flows from financing activities: Net increase in notes and loans payable 689 303 Long-term debt borrowings 1,654 115,296 Repayment of long-term debt (4,620) (6,902) Debt issuance costs - (1,987) Net cash provided by (used in) financing activities (2,277) 106,710 Effect of exchange rate changes on cash and cash equivalents 1,080 (384) Net increase (decrease) in cash and cash equivalents (19,472) 58,038 Cash and cash equivalents at beginning of the period 129,227 99,098 Cash and cash equivalents at end of the period $109,755 $157,136 Supplemental cash flow information: Cash paid for interest $2,832 $1,168 Cash paid for income taxes $930 $1,564

Hughes Communications, Inc.

CONTACT: Investor Relations, Deepak V. Dutt, Vice President, Treasurer
and Investor Relations Officer, +1-301-428-7010, ddutt@hns.com, or Media, Judy
Blake, Director, Marketing Communications, +1-301-601-7330, jblake@hns.com,
both of Hughes Communications, Inc.

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

Maxwell Technologies CEO David Schramm to Present at Merriman Curhan Ford Investor Conference in New York

SAN DIEGO, May 7 /PRNewswire-FirstCall/ -- David Schramm, president and chief executive officer of Maxwell Technologies, Inc. will present at the Merriman Curhan Ford Clean Tech/Next Generation Energy Conference at 11:15 a.m. (eastern) on May 13, at the Le Parker Meridien Hotel in New York City.

The presentation will be webcast live and will be archived for subsequent Internet replay via the following link:

http://www.maxwell.com/investors/index.asp

Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Our BOOSTCAP(R) ultracapacitor cells and multi-cell modules provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our CONDIS(R) high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Our radiation-mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. For more information, please visit our website: http://www.maxwell.com/.

Maxwell Technologies, Inc.

CONTACT: Michael Sund of Maxwell Technologies, Inc., +1-858-503-3233

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

Agilysys Wins Two IBM Retail Store Solutions Solution Provider Excellence Awards

BOCA RATON, Fla., May 7 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative IT solutions, received two of only five awarded 2007 IBM Retail Store Solutions (RSS) Solution Provider Excellence Awards. The awards, which were earned by Agilysys Hospitality Solutions and Agilysys Retail Solutions, are the highest recognition the IBM RSS brand has to offer.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO )

"Agilysys Hospitality Solutions is ecstatic with being honored with an IBM RSS Solutions Provider Excellence Award," said Tina Stehle, senior vice president and general manager for Agilysys Hospitality Solutions. "This award demonstrates not only our commitment in the industry, but also our extensive capabilities and offerings which we provide to our customers."

"We are honored to receive the IBM RSS Solutions Provider Excellence Award for the second year in a row," said Paul Civils, vice president of Agilysys Retail Solutions. "This award serves as yet another testament to the outstanding achievements of the Agilysys Retail Solutions' employees throughout the past year, and we are very proud of this accomplishment."

Of the more than 300 IBM RSS North American Solution Providers, award recipients are among the top-achieving Business Partners for IBM RSS and have made significant contributions in revenue achievement. Winners of this award possess leadership characteristics such as: global leader for RSS revenue, achieved committed business targets with IBM RSS during prior calendar year, actively promoted current IBM RSS product offerings in prior year demand generation campaigns or similar activities, have a dedicated sales, marketing and technical support team to promote IBM solutions and is an Advanced or Premier level IBM Business Partner.

Additionally, Agilysys' Hospitality Solutions EMEA operations received an IBM RSS Solution Provider Excellence Award for the European market.

About Agilysys

Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology -- including hardware, software and services -- to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Agilysys, Inc.

CONTACT: Maureen Morreale, Agilysys, Inc., +1-440-519-8161,
maureen.morreale@agilysys.com; Vikki Meldrum, Dix & Eaton for Agilysys,
+1-216-241-3020, vmeldrum@dix-eaton.com

LSI Named Strategic Supplier of the Year by Brocade

MILPITAS, Calif., May 7 /PRNewswire-FirstCall/ -- LSI Corporation announced today that it has been named the 2007 Strategic Supplier of the Year by Brocade , a leading provider of data center networking solutions that help enterprises connect and manage their information. Through focused investments in storage and networking, LSI is able to provide best-in-class technology, service and delivery in support of the Brocade Storage Area Network (SAN) product line.

"LSI's exceptional record of providing state-of-the-art technology enables Brocade to consistently deliver industry leading data center networking solutions to the marketplace," said Michael Klayko, chief executive officer, Brocade. "Over the years, LSI has demonstrated its dedication to excellence in all aspects of our relationship and we are pleased to recognize these efforts with this prestigious award."

As a strategic supplier, LSI collaborates with Brocade to deliver leading-edge data center networking technologies that are at the heart of Brocade's market leading products. LSI expertise in storage and networking technology has been delivered through world-class design execution that consistently meets Brocade's aggressive time-to-market goals.

"LSI is honored to accept this accolade from a world-class company such as Brocade," said Jeff Richardson, executive vice president, Networking and Storage Products Group, LSI. "The award reflects our razor-sharp focus on customer success, our ability to work collaboratively and a strong track record of delivering to customer expectations."

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/.

Editor's Notes: 1) All LSI news releases (financial, acquisitions, manufacturing, products, technology, etc.) are issued exclusively by PR Newswire and are immediately thereafter posted on the company's external website, http://www.lsi.com/. 2) LSI and the LSI logo design are trademarks or registered trademarks of LSI Corporation or its subsidiaries. 3) All other brand or product names may be trademarks or registered trademarks of their respective companies.

LSI Corporation

CONTACT: Jay Russo of LVA Communications, +1-860-739-5598, jay@lva.com,
for LSI Corporation; or Brian Garabedian of LSI Public Relations,
+1-408-433-8253, brian.garabedian@lsi.com

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

Siemens Shared Services Banks on Oracle(R) Real Application Clusters to Serve Over 70,000 Employees Across the NationClustered Database on Windows Provides Continuous Uptime for Oracle's PeopleSoft Enterprise Human Capital Management and Critical Support Services

REDWOOD SHORES, Calif., May 7 /PRNewswire-FirstCall/ --

-- Siemens Shared Services, a wholly owned subsidiary of Siemens Corporation, has deployed a clustered database environment to support services to more than 70,000 Siemens employees across the United States, Oracle announced today. -- Siemens Shared Services provide services to Siemens operating companies in the United States, including payroll, import/export to human resources solutions, travel management and accounting. The support services, spanning accounting and finance, IT, human resources (HR), and procurement, mobility, and logistics functions, manage more than five million payments (accounts payable), 1.9 million paychecks, and 1.7 million travel and expense claims per year, as well as 5,800 quarterly tax returns. -- Relying on Oracle(R) Database, Oracle Real Application Clusters, Oracle Automatic Storage Management, Oracle Partitioning, and Oracle Enterprise Manager, Siemens Shared Services' clustered database environment delivers the performance, scalability, reliability, and flexibility required to support their Oracle's PeopleSoft Enterprise Human Capital Management applications and critical business processes, including payroll for all US-based employees. PeopleSoft Enterprise is deployed on a two-node cluster of Dell PowerEdge 6850 servers running Microsoft Windows 2003. -- As Siemens Shared Services moved from a client-server architecture to Web-based deployment of PeopleSoft Enterprise Human Capital Management, they needed a foundation that would support an extensive increase in information, transactions and provide users with continuous uptime. Their new Web-based system needed to support 50-100 super users, each performing payroll for up to 10,000 employees or developing large tax reports, while also facilitating a daily stream of 5,000 employees accessing the HR portal daily to update information, such as a change of address. -- Siemens Shared Services uses Oracle Partitioning to break payroll data information into manageable components -- speeding query times, improving availability, and easing archiving. To monitor their clustered environment, the company uses the monitoring and diagnostic capabilities of Oracle Enterprise Manager. In addition, Siemens Shared Services relies on Oracle Automatic Storage Management to automate and streamline storage performance and management and add additional storage capacity without disruption. Supporting Quote

"As we moved towards an employee 'self-service' model for HR functions we needed an IT infrastructure that supported an influx of users and information without the risk of downtime," said Steve Montgomerie, Oracle Database Administrator, Siemens Shared Services. "Being a service business managing processes such as payroll, we would have a lot of irate employees if the system went down. We also do a lot of batch processing for PeopleSoft Enterprise Human Capital Management in the middle of the night -- so there is literally no time of the day in which an outage would not disrupt our business. Oracle Real Application Clusters on Windows provides us with the continuous uptime we need to meet our critical business objectives, while easing the burden of our IT infrastructure to grow and scale with the business."

Supporting Resources Related Resources About Oracle Database: http://www.oracle.com/database About Oracle Real Application Clusters: http://www.oracle.com/database/rac_home.html About Oracle Partitioning: http://www.oracle.com/solutions/business_intelligence/partitioning.html About Oracle Enterprise Manager: http://www.oracle.com/enterprise_manager/index.html About PeopleSoft Enterprise Human Capital Management: http://www.oracle.com/applications/peoplesoft/hcm/ent/index.html To download free, evaluation versions of Oracle software, go to: http://www.oracle.com/technology/software/index.html Terms, conditions and restrictions apply. About Oracle

Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.

Trademarks

Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)

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

CONTACT: Eloy Ontiveros of Oracle, +1-650-607-6458,
eloy.ontiveros@oracle.com; or Kristin Reeves of Blanc & Otus, +1-415-856-5145,
kreeves@bando.com, for Oracle

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

EMBARQ Chief Financial Officer Gene Betts to Participate in Morgan Stanley Conference

OVERLAND PARK, Kan., May 7 /PRNewswire-FirstCall/ -- EMBARQ announced today that Chief Financial Officer Gene Betts will participate in Morgan Stanley's 13th Annual Communications Conference. The scheduled start time is 10:30 a.m. EDT May 14, 2008, at the Ritz Carlton in Washington D.C.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060516/EMBARQLOGO)

A live webcast will be available at http://www.embarq.com/investors. A replay will be available beginning shortly after the conference through May 28, 2008.

About EMBARQ

Embarq Corporation , headquartered in Overland Park, Kan., offers a complete suite of communications services. The company has approximately 18,000 employees and operates in 18 states. EMBARQ is included in the S&P 500 and is in the Fortune 500(R) list of America's largest corporations.

For consumers, EMBARQ offers an innovative portfolio of services that includes reliable local and long distance home phone service, high-speed Internet, wireless, and satellite TV from DISH Network(R) -- all on one monthly bill.

For businesses, EMBARQ has a comprehensive range of flexible and integrated services designed to help businesses of all sizes be more productive and communicate with their customers. This service portfolio includes local voice and data services, long distance, Business Class High Speed Internet, wireless, satellite TV from DIRECTV(R), enhanced data network services, voice and data communication equipment and managed network services.

For more information, visit embarq.com.

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Embarq Corporation

CONTACT: Debra Peterson, +1-913-323-4881, debra.d.peterson@embarq.com,
or Investor Relations, Trevor Erxleben, +1-866-591-1964,
investorrelations@embarq.com, both of Embarq Corporation

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

Salesforce.com Is First Major SaaS Vendor to Achieve ISO 27001 CertificationInternationally recognized standard for information security governance demonstrates salesforce.com's ongoing commitment to the security of its 41,000 global customers

LONDON, May 7 /PRNewswire-FirstCall/ -- salesforce.com Dreamforce Europe Conference -- Salesforce.com , the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), today announced that it is the first publicly traded SaaS vendor to receive the prestigious ISO/IEC 27001:2005 Security Certification (ISO 27001). ISO 27001 is the internationally recognized standard for certifying that a provider's Information Security Management System (ISMS) protects its information and that of its customers.

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

"This certification is a massive competitive differentiator for us as the only major SaaS vendor to achieve it," said Parker Harris, EVP Technology, salesforce.com. "Our customers, particularly in Europe and Asia, have been asking for this and we're proud to provide them with this assurance that our commitment to their security is reflected in our policies and practices."

As the only internationally accepted security standard, ISO 27001 demonstrates and ensures security best practices and a managed approach to business information protection including risk, governance and compliance. Large industry, financial, and governmental customers in Europe and Asia often require their IT vendors, suppliers, and partners to be ISO 27001 certified.

Salesforce.com's ISO 27001 certification helps affirm that salesforce.com provides a consistent, reliable and secure operating environment to support its 41,000 customers and 1.1 million subscribers worldwide. Salesforce.com's existing three data centers and major offices worldwide were certified by BSI International.

In addition, salesforce.com has undergone SAS 70 (Statement on Auditing Standards No. 70) Type II examinations and SYSTRUST audits semi-annually since 2004.

About salesforce.com

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

CONTACT: U.S., Erin O'Keeffe, +1-415-536-6150, eokeeffe@salesforce.com,
or EMEA, Jane Lawrence, +44 1276 804632, jlawrence@salesforce.com, both of
salesforce.com; or Sarah Crawford, sarahc@lewispr.com, or Alex Yenni
alexy@lewispr.com, both of LEWIS, the PR agency for salesforce.com,
+44 (0) 20 7802 2626, Fax, +44 (0) 20 7802 2627

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

SAIC to Provide Additional Tsunami Buoys to Australia

SAN DIEGO and MCLEAN, Va., May 7 /PRNewswire-FirstCall/ -- Science Applications International Corporation today announced it has been awarded a contract by Australia's Bureau of Meteorology to produce and deliver four SAIC Tsunami Buoy (STB) systems. The contract includes options for production and delivery of an additional five buoys that may be exercised at the bureau's discretion. SAIC is licensed by The National Oceanic and Atmospheric Administration (NOAA) to produce the STB systems.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080507/NEW028 )

The STB system consists of three subsystems: a surface communications buoy, a buoy mooring and a bottom-pressure recorder. The bottom-pressure recorder includes a sea floor pressure sensor which can detect earthquakes and sea level changes. Acoustic communications transmit the bottom sensed pressure data to the surface buoy which then relays the data by satellite to the Australian Warning Center for analysis. The data can provide a real-time assessment to determine whether a potentially destructive tsunami has been formed by a seismic or other event, such as an underwater mudslide.

"These buoys serve as the first line of defense in providing citizens in Australia and Indo-Pacific region with a comprehensive tsunami assessment system," said Tom Baybrook, SAIC senior vice president and business unit general manager. "We look forward to helping bring a network of robust tsunami assessment systems online to help Australia and other countries reach their goal of a global integrated tsunami warning system."

About SAIC

SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit http://www.saic.com/.

SAIC: From Science to Solutions(R)

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward- looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2008, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Contact: Melissa Koskovich 703/676-6762 koskovichm@saic.com Laura Luke 703/676-6533 laura.luke@saic.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080507/NEW028
PRN Photo Desk, photodesk@prnewswire.com SAIC

CONTACT: Melissa Koskovich, +1-703-676-6762, koskovichm@saic.com or Laura
Luke, +1-703-676-6533, laura.luke@saic.com, both of SAIC

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

Eden Ventures and Salesforce.com Announce the 1 Million Pounds Sterling Force.com Investment ChallengeWinning entrepreneur or startup building on the Force.com Platform to receive up to 1 Million pounds in funding from leading early stage technology venture capital firmFinancing innovation not infrastructure, in the age of Platform-as-a-Service

LONDON, May 7 /PRNewswire-FirstCall/ -- salesforce.com Dreamforce Europe Conference -- Salesforce.com , the market and technology leader in Software-as-a-Service and Platform-as-a-Service, and Eden Ventures, the early stage venture capital firm specializing in software and technology, today announced the 1 Million pounds Force.com Investment Challenge -- a venture challenge for entrepreneurs and early stage companies building on the Force.com Platform. Force.com delivers Platform-as-a-Service, enabling companies to develop and deliver any application on demand.

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

The 1 Million pounds Force.com Investment Challenge, the first of its kind in the UK, is designed to inspire a new generation of independent software vendors (ISVs) to develop and deliver SaaS applications on the Force.com Platform. The winner will have the opportunity to negotiate with Eden Ventures for a potential investment of up to 1 million pounds. Eden Ventures will announce the winner in November at Dreamforce 2008, salesforce.com's user and developer conference.

"New investment models are required to match the new technology and business models made possible with Platform-as-a-Service and Software-as-a-Service," said Marc Benioff, chairman and CEO, salesforce.com. "Eden Ventures has a track record of success in identifying entrepreneurs and startups that have the vision and leadership necessary for long term business success. That's why they are investing in companies based on the Force.com Platform."

"SaaS and PaaS have transformed how entrepreneurs and established companies build, deliver and deploy business applications," said Mark Farmer, General Partner, Eden Ventures. "As a team of successful entrepreneurs and experienced business managers we will apply our collective operational expertise to assist the development of SaaS and PaaS companies. Eden Ventures will help this new generation of entrepreneurs leverage Force.com to not only build innovative applications but also build successful long term businesses."

The 1 Million pounds Force.com Investment Challenge

For the 1 Million pounds Force.com Investment Challenge, salesforce.com will work closely with Eden Ventures in an advisory capacity. As Eden reviews promising entrepreneurs and early stage companies building on the Force.com platform, salesforce.com will assist in due diligence, provide design review, packaging and distribution best practices, and go-to market programs for companies building applications on the Force.com platform. Eden Ventures and salesforce.com will meet regularly to review Force.com applications and companies that meet the criteria for the 1 Million pounds Force.com Investment Challenge.

Eden Ventures will participate in a panel of judges evaluating the entries and selecting the winning entrepreneur or startup. In addition to providing a financial investment, the selected business will receive ongoing support from Eden's team to grow their business. With Eden's strong seed and Series A investment track record, they have particular skill in identifying entrepreneurs with the right balance of vision and leadership who can develop companies of lasting value. Entrants in the 1 Million pounds Force.com Investment Challenge will be judged along eight main criteria:

-- A strong team with deep domain knowledge -- International vision and ambition -- Customer success and user adoption -- A significant market opportunity and likelihood of becoming market leader -- Adoption and innovative use of the Force.com Platform -- Financial plan -- Competitive differentiation -- Likelihood of long-term company success

For more information, contest rules, and to enter, please visit http://www.edenventures.co.uk/ or http://www.salesforce.com/eu/eden/.

Force.com Platform and the AppExchange

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

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

About Eden Ventures

Eden Ventures invests in technology companies in the telecommunications software, enterprise software, digital media, e-commerce, internet and mobile sectors in the UK and Ireland. Eden Ventures was founded by a group of software engineers turned investors and the team brings real operational experience to the venture process. The company's blend of knowledge, experience and skill covers business strategy, sales and marketing, finance and operations, M & A transactions and institutional fund management. Eden delivers value to early stage technology companies through investment of hands-on skills and expertise as well as seed funding and Series A finance. Its goal is to help the businesses in its portfolio grow to their maximum potential through utilization of a key blend of skills and expertise.

Eden's existing portfolio includes Huddle, Reevoo and Truphone, and recently completed exits include the sale of Apertio to Nokia. In 2007 Eden Ventures was awarded Winner, Exit of the Year, 2007 for the sale of Cramer Systems to Amdocs by Investor AllStars. Eden Ventures (UK) Ltd. is regulated by FSA. http://www.edenventures.co.uk/

About salesforce.com

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

CONTACT: Amy Campbell, or Katy Turner, both of Eden Ventures, 01225
472950, challenge@edenventures.co.uk; or Gordon Evans of salesforce.com,
+1-415-536-7608, gevans@salesforce.com

Web site: http://www.salesforce.com/
http://www.edenventures.co.uk/

Powell Industries Announces Fiscal 2008 Second Quarter Earnings Release and Conference Call Schedule

HOUSTON, April 23 /PRNewswire-FirstCall/ -- Powell Industries, Inc. , a leading manufacturer of equipment and systems for the control, distribution and management of electrical and other dynamic processes, today announced that it plans to release fiscal 2008 second quarter results on Wednesday, May 7, 2008 at 6:00 a.m. eastern time. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live over the Internet, for Wednesday, May 7, 2008 at 11:00 a.m. eastern time.

What: Powell Industries Second Quarter Earnings Conference Call When: Wednesday, May 7, 2008 - 11:00 a.m. eastern time /10:00 a.m. central time How: Live via phone by dialing 303-262-2125 and asking for the Powell Industries call at least 10 minutes prior to the start time, or live over the Internet by logging on to the web at the address below Where: http://www.powellind.com/

A telephonic replay of the conference call will be available through May 14, 2008 and may be accessed by calling 303-590-3000 using passcode 11113198. A web cast archive will also be available at http://www.powellind.com/ shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&E at 713-529-6600 or email dmw@drg-e.com.

Powell Industries, Inc., headquartered in Houston, designs, manufactures and packages systems and equipment for the control, distribution and management of electrical energy and other dynamic processes. Powell provides products and services to large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, commuter railways and other vehicular transportation facilities. For more information, please visit http://www.powellind.com/.

Contacts: Don R. Madison, CFO Powell Industries, Inc. 713-947-4422 Ken Dennard / ksdennard@drg-e.com Karen Roan / kcroan@drg-e.com DRG&E / 713-529-6600

Powell Industries, Inc.

CONTACT: Don R. Madison, CFO of Powell Industries, Inc.,
+1-713-947-4422; or Ken Dennard, ksdennard@drg-e.com, or Karen Roan,
kcroan@drg-e.com, both of DRG&E, +1-713-529-6600, for Powell Industries, Inc.

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

Michigan's Copper Ridge Golf Club Adds ProLink's Top-of-the-Line ProStar GPSSystem Enhances Golfer Enjoyment, Delivers Advertising Revenue

CHANDLER, Ariz., May 7 /PRNewswire-FirstCall/ -- ProLink Solutions, a wholly-owned subsidiary of ProLink Holdings Corp. (BULLETIN BOARD: PLKH) and the world's leading provider of Global Positioning Satellite ("GPS") golf course management systems and digital out-of-home on-course advertising, today announced that Copper Ridge Golf Club (Davison, Mich.) now features the ProLink Solutions ProStar GPS system used at many of the world's most famous golf courses and plans to participate in ProLink's exclusive national advertising opportunity.

Designed by Douglas Treadwell, Copper Ridge features open, rolling fairways and an array of strategic challenges. The course's large, undulating greens are reminiscent of the Donald Ross style, while bunkers and water hazards are plentiful. Copper Ridge provides a fair challenge for all levels of players with four sets of tees ranging from 4,979 to 6,916 yards.

"Our golfers greatly enjoy playing with the aid of ProLink system," said Copper Ridge owner Dan Decker. "The exact yardage figures and hole depictions not only help them play better, but faster as well. Copper Ridge's management functions are more efficient thanks to ProLink, while the food-and-beverage, tournament-scoring and advertising features add revenue to the bottom line."

Copper Ridge previously featured ProLink's GameStar GPS system. Last year, ProLink posted a renewal rate of approximately 90 percent on expiring leases.

"Copper Ridge is a highly regarded course in the golf-rich state of Michigan, and we are proud to call the club a trusted partner," said Lawrence D. Bain, CEO of ProLink Solutions. "When courses the caliber of Copper Ridge renew their partnerships with ProLink, it clearly validates our superior technology and support. For advertisers seeking innovative and effective ways to reach an affluent audience, ProLink's access to golfers at facilities such as Copper Ridge is unmatched."

With ProLink's patented, 10.4" high-resolution color screen -- the industry's largest - Copper Ridge's cart-mounted units display dynamic, easy-to-read graphics including distances to the pin and hazards, pro tips, pace-of-play timer and radial arc for cart-path-only holes. Golfers at Copper Ridge will also be able to order food and beverage items with a touch of a button on the ProLink screen.

For more information on Copper Ridge Golf Club, visit http://www.copperridgegolfclub.com/ or call 810.658.7775.

About ProLink

ProLink Solutions is the world's leading provider of GPS golf course management systems and revenue-generating on-course advertising. ProLink Solutions' core philosophy is to be a "Trusted Partner" to its golf-course customers. From enhancing golfers' overall experience and improving pace-of-play, to increasing current revenue streams and creating new profit centers for golf courses, ProLink Solutions' products and services have captured markets both nationally and globally. For more information about ProLink, visit http://www.goprolink.com/, call 480.753.2337 or email info@goprolink.com.

CONTACT: Daniel Mitchell Buffalo Communications 253.312.4536 dmitchell@billycaspergolf.com Investor Relations Contact: CEOcast, Inc. Gary Nash 212.732.4300 gnash@ceocast.com

ProLink Holdings Corp.

CONTACT: Daniel Mitchell, Buffalo Communications, +1-253-312-4536,
dmitchell@billycaspergolf.com; or Investor Relations: Gary Nash of CEOcast,
Inc., +1-212-732-4300, gnash@ceocast.com

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

Alliance Data Announces Resumption of Stock Repurchase Program* Repurchase of up to $500 million authorized* Comprehensive review of capital structure under way

DALLAS, May 7 /PRNewswire-FirstCall/ -- Alliance Data Systems Corporation , a leading provider of transaction-based loyalty and marketing services, today announced that its board of directors has reinstituted the Company's stock repurchase program, authorizing the Company to buy back up to approximately $500 million of its outstanding common stock. The repurchase program was announced in October of 2006, extending repurchase programs announced in June and October of 2005 and authorizing a combined repurchase of up to $900 million of the Company's common stock through 2008. Approximately $500 million remains available under the repurchase program, which was suspended in May of 2007 as required by the merger agreement then in effect with affiliates of The Blackstone Group. The merger agreement was terminated on April 18, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051024/ADSLOGO )

Concurrent with the reinstitution of the repurchase program, the Company is undertaking a full review of its capital structure in order to determine, among other things, an appropriate level of leverage going forward. Decisions regarding capital structure are expected to be made over the next few months, and the Company's guidance will be adjusted as appropriate.

Ed Heffernan, Alliance Data's chief financial officer, said "Following the termination of the merger agreement, our focus has been on two items that we believe are critical for future success - liquidity and earnings visibility. Our recently completed financing arrangements give the Company record levels of liquidity, with approximately $2 billion in immediately available excess capacity. We currently expect that Alliance Data could secure an additional $1.5 - $2.0 billion in capacity while maintaining an investment grade profile by levering up from approximately 1x to 3x. Operating free cash flow plus cash from non-core asset dispositions would further add to this capacity."

With respect to earnings visibility, notwithstanding the difficult macro- economic environment, the Company recently announced its 28th consecutive quarter of meeting or beating expectations. The Company expects this trend to continue as a result of earnings growth rate acceleration throughout the year.

"With the Company's liquidity at record levels and a positive outlook for earnings, we are pleased to have the repurchase program back in place and are now reviewing the Company's capital structure in order to determine appropriate uses of cash, levels of leverage and other factors that will create value for our stockholders," continued Mr. Heffernan.

The repurchase program authorizes the Company to purchase shares from time to time in open market purchases and in private transactions. Shares repurchased under the program will be held as treasury stock. The repurchase program's terms have been structured to comply with the SEC's Rule 10b-18 and are subject to market conditions, applicable legal and contractual requirements and other factors. The program does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time.

About Alliance Data

Alliance Data is a leading provider of marketing, loyalty and transaction services, managing over 120 million consumer relationships for some of North America's most recognizable companies. Using transaction-rich data, Alliance Data creates and manages customized solutions that change consumer behavior and that enable its clients to create and enhance customer loyalty to build stronger, mutually beneficial relationships with their customers. Headquartered in Dallas, Alliance Data employs over 9,000 associates at more than 60 locations worldwide. Alliance Data's brands include AIR MILES(R), North America's premier coalition loyalty program, and Epsilon(R), a leading provider of multi-channel, data-driven technologies and marketing services. For more information about the company, visit its website, http://www.alliancedata.com/.

Alliance Data's Safe Harbor Statement/Forward-Looking Statements

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may use words such as "anticipate," "believe," "estimate," "expect," "intend," "predict," "project" and similar expressions as they relate to us or our management. When we make forward-looking statements, we are basing them on our management's beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions, including those discussed in our filings with the Securities and Exchange Commission.

If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements contained in this presentation reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. These risks, uncertainties and assumptions include those made with respect to and any developments related to the termination of the proposed merger with an affiliate of The Blackstone Group, including risks and uncertainties arising from actions that the parties to the merger agreement or third parties may take in connection therewith. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding Alliance Data Systems Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year. Risk factors may be updated in Item 1A in each of the Company's Quarterly Reports on Form 10-Q for each quarterly period subsequent to the Company's most recent Form 10-K.

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Alliance Data

CONTACT: Julie Prozeller - Investors, Analysts, Financial Dynamics,
+1-212-850-5721, alliancedata@fd.com, or Shelley Whiddon - Media,
+1-972-348-4310, Shelley.whiddon@alliancedata.com, both for Alliance Data

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

Metro One Development Partners with Interactive Pioneer Imagin8 To Provide Innovative Virtual Products to the North American Housing Market

CONCORD, Ontario, May 7 /PRNewswire-FirstCall/ -- Metro One Development, Inc. (OTC Bulletin Board: MODI; 'the Company'), a custom builder and property developer in the Greater Toronto Area ('GTA'), Canada, announced today that the Company has formed a partnership with Canadian multimedia and interactive pioneer Imagin8 to offer one-of-a-kind 3D virtual walk-through tours to the broad spectrum US and Canadian housing and condominium markets. Also using the products to feature their own housing projects to customers, the Company will be marketing the unique glass-based showcase technology to real estate developers and condo sale centers throughout North America. Metro One's in- house creative team will be crafting all the related design work, as well as supplying these clients with customized designs for additional architectural projects.

The innovative interactive media platform works through glass. It transforms any glass surface - walls, floors, tables - into a creative form of 3D expression. This vertical application combines Imagin8's unique technology with motion-reactive video and graphics and creates on-the-spot interaction for anyone viewing its content. The interactive tabletop system turns any ordinary board into an exciting self-activated experience, ie: interactive board. Activated by motion detection, each flat surface can be turned into a unique, customized information system. Visit http://www.imagin8.ca/ for further information on the products.

Metro One CEO, Stuart Turk commented, "We firmly believe that unique and interactive presentation is a strong and decisive factor in the success of a real estate sale. It provides a buyer a realistic look and feel of what's available for purchase, and their customization. The more real a building is, the easier it is for them to make a purchasing assessment."

Turk continued, "Imagin8's product line will enable developers and builders to offer a fulfilling and memorable experience for their customers, providing a concise 3-Dimensional view of a building's layout during all phases of construction, up to the fully completed project. The products also allow a degree of interactivity, adding to the buyer's individual experience. Coupled with Metro One's use of the technology to offer made-to-order designs to the broader housing market, we believe that this will be a strong and attractive marketing strategy for the Company."

About Imagin8

Imagin8 is a Canadian company with the North American distribution rights for the Imagin8 line of interactive products. Based in Concord, Ontario, Imagin8 maintains a staff of technical, creative, and sales professionals dedicated to serving client's needs.

About Metro One Development, Inc.

Metro One Development, Inc., http://www.metro-one.com/, plans to develop business as a custom builder and property developer in the greater Toronto area. The company plans to acquire and renovate, either on a contract or speculative basis, properties for development or repurpose, after feasibility studies into the strong real estate appreciation potential of an area. Metro One Development, Inc. plans to strategically target growing affluent areas. As a broad spectrum developer and innovator that intends to cater to the consistently strong greater Toronto real estate market, the company intends to offer unique and exclusively designed -- and of exceptional quality - housing, commercial, retail and industrial properties.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Any statement not regarding a historical fact is a forward-looking statement. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the company's ability to finance its planned expansion efforts; the company's ability to raise funds on acceptable terms; the company's ability to successfully adapt its business model and such other risks disclosed from time to time in the company's reports filed with the securities and exchange commission including those on the company's annual report on form 10-KSB. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law. Metro One Development, Inc.

Metro One Development, Inc.

CONTACT: Al Kau, Metro One Development, Inc, +1-888-795-3166,
al@thesearchforvalue.com

Web site: http://www.metro-one.com/
http://www.imagin8.ca/

BCE reports 2008 first quarter resultsThis news release contains forward-looking statements. For a description of the related risk factors and assumptions please see the section entitled "Caution Concerning Forward-Looking Statements" later in this release. This release should be read in conjunction with BCE Inc.'s 2008 First Quarter MD&A dated May 6, 2008 (available at http://www.bce.ca/en/investors/financialperformance/quarterlyresults/) which is incorporated by reference in this release, filed by BCE Inc. with the U.S. Securities and Exchange Commission under Form 6-K and with Canadian securities commissions.- Solid Bell revenue growth; best performance in over two years - Steady Bell EBITDA growth - Record Q1 gross activations for Wireless - Fewer residential NAS losses as Winbacks grow - Strong growth in EPS before special items

MONTREAL, Quebec, May 7 /PRNewswire-FirstCall/ -- Revenue growth and disciplined cost control at Bell led to steady financial performance as BCE Inc. (TSX, NYSE: BCE), Canada's largest communications company, today reported results for the first quarter of 2008.

"During the quarter, we made good progress on the completion of the privatization transaction and delivered solid financial results, consistent with our plan for the year," said Michael Sabia, Chief Executive Officer of Bell Canada. "With respect to the privatization transaction, the Quebec Superior Court approved the plan of arrangement and dismissed the debentureholders' lawsuits. The Quebec Court of Appeal hearing has concluded and the court has indicated that it expects to render a decision expeditiously. Subject to meeting certain conditions, we will have received CRTC and Industry Canada approvals and expect the closing of this transaction before the end of Q2 2008."

"In addition, Bell had its best operating revenue growth in over two years along with steady EBITDA growth. BCE's earning per share before special items grew by 9.6%," Mr. Sabia said.

Bell's operating revenues grew 2.3% this quarter to $3,663 million as growth in wireless, video, data and equipment and other revenues more than offset declines in local and access and long distance revenues.

Bell's EBITDA(1) grew by 2.8% to $1,421 million due to a focus on profitability, cost containment, ARPU growth and lower pension costs. Bell's operating income was $471 million, or 34% lower than last year due to higher restructuring and other charges which included a $236 million charge related to the CRTC's approval of the use of deferral account funds for the uneconomic expansion of broadband service to an additional 86 communities.

"In our wireline business, this is the first quarter in over two years that operating revenues have held steady," said George Cope, President and Chief Operating Officer of Bell Canada. "Wireline EBITDA also showed strength with growth of 3.3% based on a strong performance from our Enterprise and Video units along with lower labour and pension costs. In addition, significant growth in winbacks led to fewer residential line losses."

Growth in customer winbacks and the success of The Bell Better Home(TM) marketing program led to another quarter of year-over-year improvement in the rate of residential line (NAS) losses. Total NAS declined by 10.4% over the last twelve months. However, normalized for the previously announced loss of a major wholesale customer, and an adjustment to our residential NAS base following a review of historical records total NAS declined by 6.6%.

"We continued to make operating progress this quarter with a record Q1 for wireless gross activations. We were pleased that the momentum we built in the second half of 2007 in acquiring wireless subscribers continued this quarter and that 82% of our net activations were on postpaid rate plans. Customers responded to our offers and our wide array of new full-function smartphones. However, the high level of these activations and increased spending on customer retention and handset upgrades had an impact on our wireless EBITDA growth this quarter," Mr. Cope said.

The Bell Wireless segment(2) had 351,000 gross activations, or 18.6% more than last year. Net activations this quarter were 34,000, significantly higher than the 13,000 net activations experienced in Q1 2007. Total Bell Wireless operating revenues increased by 8.7% and blended ARPU increased by $0.74 to $52.32.

Bell invested $456 million of capital this quarter, or $85 million less than last year, with a continued focus on key priorities including improving the customer experience, enhancing the wireless network, and continuing the expansion of the Fibre-to-the-node (FTTN) program.

Financial Highlights ------------------------------------------------------------------------- Q1 2008 Q1 2007 % change ($ millions except per share amounts) (unaudited) ------------------------------------------------------------------------- Bell(i) Operating Revenues $3,663 $3,579 2.3% ------------------------------------------------------------------------- BCE(ii) Operating Revenues $4,391 $4,385 0.1% ------------------------------------------------------------------------- Bell EBITDA $1,421 $1,382 2.8% ------------------------------------------------------------------------- BCE EBITDA $1,750 $1,743 0.4% ------------------------------------------------------------------------- Bell Operating Income(iii) $471 $714 (34.0%) ------------------------------------------------------------------------- BCE Operating Income $647 $921 (29.8%) ------------------------------------------------------------------------- BCE Cash From Operating Activities $894 $968 (7.6%) ------------------------------------------------------------------------- BCE Free Cash Flow(3) ($75) ($157) 52.2% ------------------------------------------------------------------------- BCE EPS $0.32 $0.62 (48.4%) ------------------------------------------------------------------------- BCE EPS before restructuring and other and net gains on investments(4) $0.57 $0.52 9.6% ------------------------------------------------------------------------- (i) Bell includes the Bell Wireless and Bell Wireline segments. (ii) BCE's results for Q1 2007 include Bell, Bell Aliant and Telesat while BCE's results for Q1 2008 include only Bell and Bell Aliant. (iii) Bell operating income for Q1 2008 includes a $236 million charge related to the CRTC's approval of the use of deferral account funds for the uneconomic expansion of broadband service to an additional 86 communities.

On October 31, 2007, BCE completed the sale of Telesat. Accordingly, BCE's results for Q1 2008 no longer reflect Telesat's financial results while BCE's results for Q1 2007 include Telesat's results for the full quarter.

BCE's operating revenue grew to $4,391 million this quarter, or 0.1% higher than last year as revenue growth at Bell and Bell Aliant was offset by the loss of Telesat's contribution to revenue. Similarly, BCE's EBITDA grew 0.4% to $1,750 million as Bell's and Bell Aliant's EBITDA growth this quarter was offset by the loss of Telesat's contribution to EBITDA. BCE's operating income decreased by 29.8% to $647 million due to higher restructuring and other charges at Bell and the loss of Telesat's contribution to operating income.

BCE's cash from operating activities decreased by 7.6% to $894 million this quarter due mainly to a decrease of $55 million in the securitization of accounts receivable at Bell Aliant. BCE's free cash flow improved to negative $75 million this quarter from negative $157 million in Q1 2007 due primarily to lower capital spending.

BCE's net earnings per share (EPS) was $0.32 for the quarter compared to $0.62 for the same period last year. The decrease relates to higher restructuring and other charges, mainly due to a $236 million charge related to the CRTC's approval of the use of deferral account funds for the uneconomic expansion of broadband service to an additional 86 communities, and higher depreciation and amortization expense.

EPS before restructuring and other and net gains on investments was $0.57 in the quarter, or 9.6% higher than $0.52 in Q1 of 2007 as higher EBITDA and lower tax and interest expense more than offset higher depreciation and amortization expense.

Bell Wireline Segment

The Bell Wireline segment had stable revenues and continued to reduce the number of residential NAS losses this quarter.

- Bell Wireline operating revenues increased by 0.1% to $2,639 million this quarter as gains in video, data and equipment and other revenues offset decreases in local and access and long distance revenues. This is the first quarter in over two years that Bell Wireline operating revenues have not declined. - Bell Wireline EBITDA increased by 3.3% to $1,011 million as cost savings, lower net benefit plans costs and pricing initiatives more than offset the ongoing erosion of our NAS customer base. Bell Wireline EBITDA margin improved by 1.2 percentage points to 38.3%. - Bell Wireline operating income was $178 million this quarter, a decrease of 58% due to higher restructuring and other charges, related mainly to the CRTC's approval of deferral accounts funds to be used for the uneconomic expansion of broadband service, and higher depreciation and amortization expense. - Local and access revenues declined by 6.8% to $848 million due to ongoing NAS erosion. - After an adjustment of 44,000 lines following a review of historical records, residential NAS declined by 106,000 this quarter, an improvement over the decline of 131,000 experienced last year reflecting the continued growth in customer winbacks and the effectiveness of The Bell Better Home(TM) marketing campaign. - Total NAS declined by 10.4% over the last twelve months. However, when normalized for the loss of a major wholesale customer and the adjustment to residential NAS, total NAS line losses were 119,000 this quarter compared with 153,000 in the same period last year, representing a year-over-year decline of 6.6%. - Long distance revenues declined by 3.9% to $298 million this quarter due mainly to ongoing NAS erosion partly offset by pricing initiatives. This is the ninth consecutive quarter that long distance revenue erosion rates have improved. - Data revenues increased 3.1% to $921 million this quarter due to growth in Internet revenues and higher IP Broadband revenues partly offset by the further erosion of legacy data services. - High-speed Internet subscribers grew by 4.2% to 2,014,000 with 10,000 net activations during the quarter. - Video revenues increased by 13.4% to $356 million this quarter due largely to an ARPU increase of $8 to $65. - Video EBITDA increased by 40% to $77 million this quarter due to higher ARPU and cost containment. - Total video subscribers increased by 1,000 this quarter to reach 1,823,000, or 0.1% lower than last year. - Video subscriber churn was stable at 1.1%. Bell Wireless Segment The Bell Wireless segment had its best ever Q1 for gross activations. - Total gross activations were 351,000 this quarter, or 18.6% higher than last year. - Total net activations were 34,000 this quarter, a significant improvement compared to the 13,000 net activations in Q1 last year. Approximately 82% of the net activations this quarter were postpaid. - The Bell Wireless client base reached 6,250,000, up 7.4% over last year. - Blended churn of 1.6% was unchanged from Q1 2007. Postpaid churn increased by 0.1 percentage points to 1.3% while prepaid churn decreased by 0.1 percentage points to 2.8%. - Total Bell Wireless operating revenues grew 8.7% to $1,041 million due to a larger subscriber base and stronger equipment sales. Wireless network revenues increased by 7.4% to $955 million and wireless equipment revenues grew by 29.8% to $74 million due to higher gross activations and customer upgrades. - Bell Wireless EBITDA grew by 1.7% to $410 million this quarter as higher revenues were partly offset by the costs associated with higher levels of gross activations and customer upgrades. - EBITDA margins on network revenues this quarter decreased by 2.4 percentage points to 42.9% this quarter. - Bell Wireless operating income increased by 0.7% to $293 million this quarter. - Blended and postpaid ARPU remained relatively stable at $52 and $64 respectively while prepaid ARPU increased $2 to $17. - Cost of acquisition decreased by 5.7% to $396 per gross activation, reflecting lower marketing expenses and higher gross activations. Bell Aliant Regional Communications

Bell Aliant's revenues increased 1.6% this quarter to $865 million due to growth in Internet, data and IT services offsetting declines in local and access and long distance services. Operating income was $176 million, or 1.1% lower than the previous year due to higher depreciation and amortization expense.

Telesat

With the sale of Telesat on October 31, 2007, BCE's results for Q1 2008 no longer include Telesat's financial results. In Q1 2007, Telesat had revenues of $122 million and operating income of $38 million.

Notes The information contained in this news release is unaudited. (1) The term EBITDA does not have any standardized meaning according to Canadian GAAP. It is therefore unlikely to be comparable to similar measures presented by other companies. We define EBITDA (earnings before interest, taxes, depreciation and amortization of intangible assets) as operating revenues less cost of revenue and selling, general and administrative expenses, meaning it represents operating income before depreciation and amortization of intangible assets and restructuring and other. We use EBITDA, among other measures, to assess the operating performance of our ongoing businesses without the effects of depreciation and amortization of intangible assets and restructuring and other. We exclude these items because they affect the comparability of our financial results and could potentially distort the analysis of trends in business performance. We exclude depreciation and amortization of intangible assets because it largely depends on the accounting methods and assumptions a company uses, as well as non-operating factors, such as the historical cost of capital assets. Excluding restructuring and other does not imply they are non-recurring. EBITDA allows us to compare our operating performance on a consistent basis. We believe that certain investors and analysts use EBITDA to measure a company's ability to service debt and to meet other payment obligations, or as a common measurement to value companies in the telecommunications industry. The most comparable Canadian GAAP financial measure is operating income. The following table is a reconciliation of operating income to EBITDA. ($ millions) ------------------------------------------------------------------------- BCE Q1 2008 Q1 2007 ------------------------------------------------------------------------- Operating income 647 921 Depreciation and amortization of intangible assets 820 786 Restructuring and other 283 36 ------------------------------------------------------------------------- EBITDA 1,750 1,743 ------------------------------------------------------------------------- ------------------------------------------------------------------------- BELL Q1 2008 Q1 2007 ------------------------------------------------------------------------- Operating income 471 714 Depreciation and amortization of intangible assets 667 628 Restructuring and other 283 40 ------------------------------------------------------------------------- EBITDA 1,421 1,382 ------------------------------------------------------------------------- ------------------------------------------------------------------------- BELL WIRELINE Q1 2008 Q1 2007 ------------------------------------------------------------------------- Operating income 178 423 Depreciation and amortization of intangible assets 553 516 Restructuring and other 280 40 ------------------------------------------------------------------------- EBITDA 1,011 979 ------------------------------------------------------------------------- BELL WIRELESS Q1 2008 Q1 2007 ------------------------------------------------------------------------- Operating income 293 291 Depreciation and amortization of intangible assets 114 112 Restructuring and other 3 - ------------------------------------------------------------------------- EBITDA 410 403 ------------------------------------------------------------------------- ------------------------------------------------------------------------- (2) Consistent with North American industry practices, total wireless gross activations, net activations and subscribers include 100% of Virgin Mobile's subscribers. Wireless ARPU, churn, usage per subscriber and cost of acquisition continue to be computed by including 50% of Virgin Mobile's results, a level corresponding to Bell Canada's ownership position. (3) The term free cash flow does not have any standardized meaning according to Canadian GAAP. It is therefore unlikely to be comparable to similar measures presented by other companies. We define free cash flow as cash from operating activities after capital expenditures, total dividends and other investing activities. We consider free cash flow to be an important indicator of the financial strength and performance of our business because it shows how much cash is available to repay debt and to reinvest in our company. We present free cash flow consistently from period to period, which allows us to compare our financial performance on a consistent basis. We believe that free cash flow is also used by certain investors and analysts in valuing a business and its underlying assets. The most comparable Canadian GAAP financial measure is cash from operating activities. The following table is a reconciliation of cash from operating activities to free cash flow on a consolidated basis. ($ millions) ------------------------------------------------------------------------- Q1 2008 Q1 2007 ------------------------------------------------------------------------- Cash flows from operating activities 894 968 Capital expenditures (551) (721) Total dividends paid (419) (406) Other investing activities 1 2 ------------------------------------------------------------------------- Free cash flow (75) (157) ------------------------------------------------------------------------- ------------------------------------------------------------------------- (4) The term net earnings (or EPS) before restructuring and other and net gains on investments does not have any standardized meaning according to Canadian GAAP. It is therefore unlikely to be comparable to similar measures presented by other companies. We use net earnings before restructuring and other and net gains on investments, among other measures, to assess the operating performance of our ongoing businesses without the effects of after- tax restructuring and other and net gains on investments. We exclude these items because they affect the comparability of our financial results and could potentially distort the analysis of trends in business performance. Excluding these items does not imply they are necessarily non-recurring. The most comparable Canadian GAAP financial measure is net earnings applicable to common shares. The following table is a reconciliation of net earnings applicable to common shares to net earnings before restructuring and other and net gains on investments on a consolidated basis and per BCE Inc. common share. ($ millions except per share amounts) ------------------------------------------------------------------------- Q1 2008 Q1 2007 ------------------------------------------------------------------------- PER PER TOTAL SHARE TOTAL SHARE ------------------------------------------------------------------------- Net earnings applicable to common shares 258 0.32 499 0.62 Restructuring and other 197 0.25 25 0.03 Net (gains) losses on investments 2 0.00 (104) (0.13) ------------------------------------------------------------------------- Net earnings before restructuring and other and net gains on investments 457 0.57 420 0.52 ------------------------------------------------------------------------- Caution Concerning Forward-Looking Statements

This news release contains forward-looking statements relating to the proposed privatization of BCE, legal proceedings related thereto and other statements that are not historical facts. Such forward-looking statements are subject to important risks, uncertainties and assumptions including, in particular, the inherent uncertainty regarding the conduct, outcome and timing of any litigation. The results or events predicted in these forward-looking statements may differ materially from actual results or events. As a result, we cannot guarantee that any forward-looking statement will materialize.

The completion of the proposed privatization transaction is subject to a number of terms and conditions, including, without limitation: (i) satisfaction of the conditions to the approvals of the Canadian Radio-television and Telecommunications Commission and the Minister of Industry, (ii) resolution of the appeals filed by or on behalf of certain debentureholders of Bell Canada with regard to the plan of arrangement, and any related stay or injunction that would prevent closing pending resolution of such appeals, and (iii) certain termination rights available to the parties under the definitive agreement dated June 29, 2007, as amended, governing the terms of the transaction. The conditions to these approvals may not be satisfied, the other conditions to the transaction may not be satisfied in accordance with their terms, and/or the parties to the definitive agreement may exercise their termination rights, in which case the proposed privatization transaction could be modified, restructured or terminated, as applicable. Failure to complete the proposed privatization transaction could have a material adverse impact on the market price of BCE's shares.

The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Additionally, we undertake no obligation to comment on expectations of, or statements made by, third parties in respect of the proposed privatization transaction. For additional information with respect to certain of these and other assumptions and risks, please refer to BCE's 2007 annual MD&A dated March 5, 2008 included in the Bell Canada Enterprises 2007 Annual Report, BCE's 2008 First Quarter MD&A dated May 6, 2008, the definitive agreement dated June 29, 2007, as amended, and BCE's management proxy circular dated August 7, 2007, all filed by BCE with the Canadian securities commissions (available at http://www.sedar.com/) and with the U.S. Securities and Exchange Commission (available at http://www.sec.gov/). These documents are also available on BCE's website at http://www.bce.ca/.

About BCE Inc.

BCE is Canada's largest communications company, providing the most comprehensive and innovative suite of communication services to residential and business customers in Canada. Under the Bell brand, the Company's services include local, long distance and wireless phone services, high-speed and wireless Internet access, IP-broadband services, information and communications technology services (or value-added services) and direct-to-home satellite and VDSL television services. BCE also holds an interest in CTVglobemedia, Canada's premier media company. BCE shares are listed in Canada and the United States.

BCE INC.

CONTACT: Pierre Leclerc, Bell Canada, Media Relations, (514) 391-2007,
1-877-391-2007, pierre.leclerc@bell.ca; Thane Fotopoulos, BCE, Investor
Relations, (514) 870-4619, thane.fotopoulos@bell.ca

Consolidated Graphics Reports Fourth Quarter and Fiscal Year 2008 Financial Results- Fourth Quarter Revenues up 9% to $288 Million vs. $264 Million in Prior Year -- Record Fiscal 2008 Revenue and Diluted EPS -

HOUSTON, May 7 /PRNewswire-FirstCall/ -- Consolidated Graphics, Inc. today announced financial results for its fourth quarter and year-ended March 31, 2008.

Revenue for the March quarter was $287.5 million, up 9% compared to $263.9 million for the same period a year ago. Net income for the March quarter was $13.1 million, or $1.15 diluted earnings per share, compared to $6.9 million, or $.50 diluted earnings per share, for the same period a year ago. Net income for the March 2007 quarter included the impact of an after-tax, non-cash impairment of $7.8 million, or $.56 diluted earnings per share. Excluding this impairment, net income for the March 2007 quarter was $14.8 million, or $1.06 diluted earnings per share. Included in operating income during the March 2008 quarter was a foreign currency transaction net loss of $.8 million, primarily due to certain transactions of our Canadian subsidiary denominated in U.S. dollars.

For the year ended March 31, 2008, revenue was a record $1.1 billion, up 9% compared to $1.0 billion a year ago. Net income in 2008 was $59.3 million, compared to $50.7 million a year ago, resulting in record diluted earnings per share of $4.63, versus $3.65 in the prior year. Excluding the impairment charge mentioned above, net income in fiscal 2007 was $58.6 million, or $4.21 diluted earnings per share. Included in the operating income in fiscal 2008 was a foreign currency transaction net gain of $3.1 million.

Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, commented, "We are very proud to report record revenue and diluted earnings per share for the year. Acquisitions as well as continued growth in Strategic Sales allowed us to post solid annual revenue growth of 9%. For the year, Strategic Sales, consisting of National and CGXSolutions sales, grew 28% to $196.1 million. In March, we acquired PBM Graphics, Inc. located in Durham, North Carolina, our largest acquisition to date. PBM is a top-notch commercial printer who is the largest producer of Pokemon cards in the world. Our acquisition pipeline remains sizable today."

Mr. Davis concluded, "Looking ahead to the June quarter, we expect quarterly revenue of between $300 and $310 million and diluted earnings per share of between $1.10 and $1.20. For the June quarter we expect our effective tax rate to be approximately 38%."

During the March quarter, the Company continued the recent trend of investing in digital presses and complementary technology. During 2008, capital expenditures were $82.4 million, with digital press investments representing 26% of the total.

Consolidated Graphics, Inc. will host a conference call today, May 7, 2008, at 11:00 a.m. Eastern Time, to discuss its fourth quarter and year-ended March 31, 2008 results. The conference call will be simultaneously broadcast live over the Internet. Listeners may access the live Web cast at the Company's homepage, http://www.cgx.com/.

Consolidated Graphics (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies. With 70 printing facilities strategically located across 27 states and Canada, CGX offers an unmatched geographic footprint with extensive capabilities supported by an unparalleled level of convenience, efficiency and service. With locations in or near virtually every major U.S. market, as well as Toronto, CGX offers highly responsive service and convenient access to a vast capabilities network through a single point of contact at the local level.

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

This press release contains forward-looking statements, which involve known and unknown risks, uncertainties or other factors that could cause actual results to materially differ from the results, performance or other expectations expressed or implied by these forward-looking statements. Consolidated Graphics' expectations regarding future sales and profitability assume, among other things, stability in the economy and reasonable growth in the demand for its products, the continued availability of raw materials at affordable prices, retention of its key management and operating personnel, satisfactory labor relations, as well as other factors detailed in Consolidated Graphics' filings with the Securities and Exchange Commission. The forward-looking statements, assumptions and factors stated or referred to in this press release are based on information available to Consolidated Graphics today. Consolidated Graphics expressly disclaims any duty to provide updates to these forward-looking statements, assumptions and other factors after the day of this release to reflect the occurrence of events or circumstances or changes in expectations.

(Tables to follow) CONSOLIDATED GRAPHICS, INC. Consolidated Income Statements (In thousands, except per share amounts) (unaudited) Three Months Ended Year Ended March 31, March 31, 2008 2007 2008 2007 Sales $287,538 $263,914 $1,095,388 $1,006,186 Cost of Sales 214,390 193,543 812,401 736,996 Gross Profit 73,148 70,371 282,987 269,190 Selling Expenses 27,438 27,262 106,952 101,649 General and Administrative Expenses 19,919 18,293 78,804 69,223 Other (Income) Expense, net 845 - (3,064) - Goodwill Impairment - 11,533 - 11,533 Operating Income 24,946 13,283 100,295 86,785 Interest Expense, net 4,047 1,958 12,020 6,702 Income before Taxes 20,899 11,325 88,275 80,083 Income Taxes 7,780 4,379 28,951 29,342 Net Income $13,119 $6,946 $59,324 $50,741 Earnings Per Share Basic $1.18 $.51 $4.76 $3.74 Diluted $1.15 $.50 $4.63 $3.65 Weighted Average Shares Outstanding Basic 11,119 13,574 12,463 13,580 Diluted 11,400 13,990 12,822 13,905 Effective Income Tax Rate 37% 39% 33% 37% Gross Margin 25.4% 26.7% 25.8% 26.8% Operating Margin 8.7% 5.0% 9.2% 8.6% CONSOLIDATED GRAPHICS, INC. Consolidated Balance Sheets (In thousands, except per share amounts) March 31, March 31, 2008 2007 (Unaudited) (Audited) ASSETS CURRENT ASSETS Cash and cash equivalents $15,131 $12,043 Accounts receivable, net 209,000 185,722 Inventories 61,511 46,951 Prepaid expenses 7,127 7,532 Deferred income taxes 9,353 8,479 Total current assets 302,122 260,727 PROPERTY AND EQUIPMENT, net 421,347 354,156 GOODWILL AND OTHER INTANGIBLE ASSETS, net 141,381 101,768 OTHER ASSETS 7,813 7,318 $872,663 $723,969 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Current portion of long-term debt $23,252 $12,421 Accounts payable 56,948 58,519 Accrued liabilities 83,488 89,496 Income taxes payable 184 138 Total current assets 163,872 160,574 LONG-TERM DEBT, net of current portion 362,448 142,144 OTHER LIABILITIES 13,655 - DEFERRED INCOME TAXES 55 52,895 55,715 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY Common stock, $.01 par value; 100,000,000 shares authorized; 11,079,011 and 13,693,698 issued and outstanding 111 137 Additional paid-in capital 153,204 185,098 Retained earnings 127,376 180,113 Accumulated other comprehensive income (898) 188 Total shareholders' equity 279,793 365,536 $872,663 $723,969 Total Debt $385,700 $154,565 Debt-to-Debt 58% 30%

Consolidated Graphics, Inc.

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

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

Wireless Phone Users in Tippecanoe County, Indiana, Now Experience Even Clearer Reception and Fewer Dropped CallsVerizon Wireless Activates New Cell Site in Romney

ROMNEY, Ind., May 7 /PRNewswire/ -- Verizon Wireless has activated a new cell site in Tippecanoe County that expands network coverage, enabling more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; download music, games and ringtones; view high-quality videos and browse the Internet, while enjoying clearer reception and fewer dropped calls.

The new cell site improves Verizon Wireless' voice and data network coverage in the following areas:

-- In Romney -- Along U.S. Route 231 in southern Tippecanoe County -- Along State Road 28 in southern Tippecanoe County

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

This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Indiana and throughout the country. Verizon Wireless has invested more than $45 billion since it was formed-$5.5 billion on average every year-to increase the coverage and capacity of its national network and to add new services. Nearly $870 million of this investment has been spent in Indiana since 2000. In 2007, the company invested more than $136 million in Indiana network improvements.

About Verizon Wireless

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

Verizon Wireless

CONTACT: Michelle Gilbert of Verizon Wireless, +1-248-915-3680,
michelle.gilbert@verizonwireless.com; or Kyle Niederpruem for Verizon
Wireless, +1-317-509-7334, kyle@kylecommunications.com

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

McAfee, Inc. Delivers the Secure InternetMcAfee to Launch a Secure Search Service and New 'McAfee Secure' Trust mark

SANTA CLARA, Calif., May 7 /PRNewswire-FirstCall/ -- With declining consumer confidence in Internet safety, McAfee, Inc. today announced new services that will create a more secure Internet experience for millions of consumers. McAfee Secure Search Service, to be launched this summer, will deliver one of the safest online search experiences for consumers by eliminating risky sites from search results. McAfee(R) Secure for Web Sites combines rigorous security testing, business practice review, Payment Card Industry (PCI) compliance certification, and ongoing vulnerability evaluation for Web site owners and online retailers. Web sites that pass the certification process will be able to display a McAfee Secure(TM) trust mark, giving consumers and businesses confidence about transacting online.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080507/AQW079LOGO) The McAfee Secure Search Service

With almost eight billion risky sites served in search results every month across major search engines, using McAfee Secure Search consumers will now be able to avoid malicious sites that take advantage of security holes in the browser ("browser exploits"); downloads that contain spyware, viruses, or adware; phishing sites that attempt to trick users into giving critical personal and financial information; sites that display aggressive pop-up windows or change the browser's default settings without consent and Web sites that send high-volumes of e-mail.

"The McAfee Secure Search Service and McAfee Secure for Web Sites are important extensions to our Web security offerings that build upon our highly successful SiteAdvisor(R) safe search product that has already had more than 134 million downloads. It furthers McAfee's leadership position of providing true multi-platform security for our customers, protecting their PCs, mobile devices and Web experiences," said Todd Gebhart, senior vice president and general manager of McAfee's consumer, Web, small and mobile business. "With four out of five Web site visits starting with search, the McAfee Secure Search Service will direct McAfee customers to the secure Internet and the new McAfee Secure for Web Sites will give e-businesses a tremendous opportunity to build trust, boost traffic and ultimately increase online sales."

The McAfee Secure Search Service will be available via the McAfee SiteAdvisor toolbar and released to existing and new SiteAdvisor users free of charge later this quarter. Within search results, consumers will see McAfee SiteAdvisor's green, yellow and red ratings that clearly indicate whether a site is safe, if the consumer needs to exercise caution, or if it's risky. They will also see McAfee Secure sites-those that have passed stringent tests that help to ensure they are safe from external hackers. Consumers can customize the McAfee Secure Search Service by completely filtering out risky "red" sites and they can make the McAfee Secure Search Service their browser's default search engine.

McAfee Secure for Web Sites

Complementing the McAfee Secure Search Service, McAfee is launching McAfee Secure for Web Sites -- the most comprehensive security scanning and trust mark in the industry to date. Designed to build trust for proven, secure Web sites, McAfee Secure for Web Sites will ensure that safe Web sites can distinguish themselves from sites that are unsecure, or have not been tested. The three-pronged service combines PCI compliance, rigorous testing and daily scanning, and the McAfee Secure trust mark.

Research from a Taylor Nelson Sofres (TNS) survey in 2006 shows that 70 percent of terminated online purchases are due to lack of transaction trust, costing e-commerce retailers $1.9 billion in lost revenues. Experts agree that the key to increasing traffic and business is to restore consumers' online confidence and build trust. With McAfee Secure, online sites will have a recognized trust mark to signify the highest level of testing and security.

The new service will test Web sites daily for vulnerabilities, dangerous content and links that expose consumers' computer and personal information to malicious use. Certified Web sites will be able to display a new McAfee Secure(TM) trust mark, as part of the service, to identify their security to Internet users. Additionally, McAfee Secure Web sites will also be identified in McAfee SiteAdvisor ratings to help millions of consumers choose secure sites in search results from all major search providers.

"The rise of malicious sites has caused Internet users to be wary of searching and shopping online -- especially when those activities require personal information," said Tim Dowling, vice president of the McAfee Web Security Group. "Because bad sites strive to look harmless to users it is very difficult to identify the search results that are safe to visit, and sites that are safe today may turn into a bad site tomorrow. With McAfee Secure Search and the McAfee Secure(TM) trust mark, we are helping consumers take the guesswork out of searching and shopping safely online."

McAfee Secure for Web Sites: Comprehensive Security Certification Services for Businesses and Peace of Mind for Consumers

McAfee Secure for Web Sites provides multiple levels of Web site security testing, making it the most comprehensive service in the industry. Included features of McAfee Secure for Web Sites are:

McAfee Secure Identification System: The service includes a McAfee Secure trust mark for display on the Web site. The image is served by McAfee only if the Web site has passed McAfee Secure for Web Sites tests and is checked daily. In the event a Web site fails the test, the trust mark is removed until the site successfully passes the security test. Additionally, a McAfee Secure Web site which passes the daily tests will be included in the SiteAdvisor rating system. Safe User Experiences: To complement the vulnerability scanning, McAfee provides another layer of testing that ensures McAfee Secure Web sites employ reputable business practices and deliver safe user experiences. This includes testing sites for adware, spyware, excessive pop-ups, spamminess, deceptive marketing practices, browser exploits and potential phishing attacks. After a site has been certified as McAfee Secure(TM), it maintains certification only by passing ongoing security audits. Managed Security Scanning: Beyond minimum PCI requirements, McAfee offers daily proactive scanning to help businesses address potential security issues before they impact customers and suppliers. Additional testing includes extensive scans that can be run on-demand, the ability to configure scans and real-time access to detailed vulnerability remediation data through reports. When vulnerabilities are detected, McAfee identifies security fixes and provides assistance. For 24/7 convenience, customers can manage vulnerability and management information online and they have access to unlimited technical support. McAfee PCI Compliance Certification: E-commerce sites that accept payment cards must pass PCI Compliance. With McAfee's PCI Compliance Service, e-businesses are provided with wizards, interactive tools and automated procedures that make it fast and easy to meet PCI DSS Security Standards. Pricing and Availability

The McAfee Secure Web service is available today for Web site owners. Pricing is based on the number of IP addresses or page views. For more information please visit: http://www.mcafee.com/websecurity

McAfee SiteAdvisor

McAfee SiteAdvisor tests and rates, on an ongoing basis, nearly every trafficked site on the Internet. Site Advisor's ratings are created by using patented advanced technology to conduct automated Web site tests. In addition, as part of the user community forum function, users can provide direct feedback to McAfee analysts to share their personal experience about the sites they visit on the Internet. McAfee SiteAdvisor can be downloaded for free in about 25 seconds at http://www.mcafee.com/. McAfee SiteAdvisor works with Internet Explorer and Firefox.

SiteAdvisor has received numerous honors, including: five-star reviews from CNET's download.com, Time Magazine's "50 Coolest Web Sites," Popular Science's "Best of What's New" and the U.S. Department of Commerce's "Recognition of Excellence in Innovation" honor.

About McAfee, Inc.

McAfee, Inc., headquartered in Santa Clara, California, is the world's largest dedicated security technology company. It delivers proactive and proven solutions and services that secure systems and networks around the world, allowing users to browse and shop the Web securely. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector and service providers by enabling them to comply with regulations, protect data, prevent disruptions, identify vulnerabilities and continuously monitor and improve their security. http://www.mcafee.com/.

McAfee, SiteAdvisor, McAfee Secure and/or other noted McAfee related products contained herein are registered trademarks or trademarks of McAfee, Inc., and/or its affiliates in the US and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. Any other non-McAfee related products, registered and/or unregistered trademarks contained herein is only by reference and are the sole property of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080507/AQW079LOGO
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN7
PRN Photo Desk, photodesk@prnewswire.com McAfee, Inc.

CONTACT: Francie Coulter of McAfee Inc., +1-408-346-3436,
francie_coulter@mcafee.com; or Mindy Whittington of Red Consultancy,
+1-415-618-8811, mindy.whittington@redconsultancy.com, for McAfee Inc.

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

Sonic Foundry Event Services to Webcast Sloan Consortium International Symposium

MADISON, Wis., May 7 /PRNewswire-FirstCall/ -- Sonic Foundry, Inc. , the recognized market leader for rich media webcasting and knowledge management, today announced that the company's Event Services group will webcast the Sloan-C International Symposium on Emerging Technology Applications for Online Learning. Sonic Foundry is a platinum sponsor of the event which will be held May 7-9, 2008 at the Carefree Resort in Carefree, Arizona.

The Symposium provides the latest information on emerging technology applications for online learning. It is geared to experienced professionals and interested newcomers to online learning who hail from a variety of work sectors, including higher education, continuing education, business, government, health care, professional associations and nonprofit organizations.

"Sloan-C aims to improve access to learning for everyone and is leading the way in mixed-format conferences. For so many of us who have to be in at least two places at once, webcasting with Mediasite enables us to communicate from wherever we are," said Janet C. Moore, chief learning officer at The Sloan Consortium. "Symposium participants can gain the same knowledge shared at the conference whether they are in the same room or across the country."

Among the featured presenters are Diane Zorn, York University Professor, on the Top Six Reasons Faculty Choose to Teach Online, and Sean Brown, Sonic Foundry's VP of Education on Webcasting ROI in Higher Education.

Sonic Foundry's Event Services group consists of systems engineers and project managers with an extensive knowledge of audio/video production and webcasting. The group and its strategic partners supply technical webcasting services and expertise to organizations who seek to complement their conference or event with viewing over the web. Since its launch in January 2007, the Event Services group has provided live and on-demand webcasting for clients ranging from Fortune 500 corporations and university associations to sporting events and charitable organizations.

Related Links * Event Webcasting http://www.sonicfoundry.com/eventservices * Sloan-C International Symposium http://sonicfoundry.com/newsroom/events.aspx * The Top Six Reasons Faculty Choose to Teach Online http://www.sonicfoundry.com/zorn About Sonic Foundry(R), Inc.

Founded in 1991, Sonic Foundry is the recognized market leader for rich media webcasting and knowledge management, providing education and training solutions and services that link an information-driven world. Based in Madison, Wisconsin, the company has received numerous awards including the 2007 Frost & Sullivan Global Market Leadership Award, Ziff Davis Media's Baseline Magazine's sixth fastest-growing software company with sales under $150 million and Deloitte's Technology Fast 500. Named a Bersin & Associates 2007 Learning Leader, Sonic Foundry's webcasting and knowledge management solutions are trusted by education institutions, Fortune 500 companies and government agencies for a variety of critical communication needs. Sonic Foundry is changing the way organizations communicate via the web and how people around the globe receive vital information needed for education, business, professional advancement and safety. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.

Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Sonic Foundry's products, its ability to succeed in capturing significant revenues from media services and/or systems, the effect of new competitors in its market, integration of acquired business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.

Sonic Foundry, Inc.

CONTACT: Tammy Kramer of Sonic Foundry, Inc., +1-608-237-8592,
tammyk@sonicfoundry.com

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

Cognizant Reports Record First Quarter 2008 ResultsRevenue Up 40% Year-over-year and 7% SequentiallyStrong Growth Continues in Europe

TEANECK, N.J., May 7 /PRNewswire-FirstCall/ -- Cognizant Technology Solutions Corporation , a leading provider of IT and business process outsourcing services, today announced its financial results for the first quarter ended March 31, 2008.

Highlights - First Quarter 2008 -- Quarterly revenue increased to $643.1 million, up 40% from the year-ago quarter. -- Quarterly diluted EPS on a GAAP basis was $0.34, compared to $0.25 in the year-ago quarter. -- Quarterly diluted EPS on a non-GAAP basis was $0.38, excluding $0.04 of stock-based compensation and stock-based Indian fringe benefit tax expenses, compared to $0.27, excluding stock-based compensation expense of $0.02, in the year ago quarter.

Revenue for the first quarter increased to $643.1 million, up 7.2% from $600.0 million in the fourth quarter of 2007, and up 40% from $460.3 million in the first quarter of 2007. GAAP net income was $101.9 million, or $0.34 per diluted share, compared to $75.4 million, or $0.25 per diluted share, in the first quarter of 2007. GAAP operating margin for the quarter was 17.4%. Excluding stock based compensation expense of $13.0 million and stock-based Indian fringe benefit tax expense of $0.9 million, non-GAAP operating margin was 19.5%, in line with the Company's targeted 19 to 20% range. Reconciliations of these non-GAAP financial measures to GAAP operating results and diluted EPS are included at the end of this release.

"We are pleased with this quarter, during which we have surpassed our growth targets. The quarter's results, achieved despite the increased economic uncertainty and challenges in the financial services industry, testify to the resilience of our business model which is diversified across business segments, service offerings and geographic regions," said Francisco D'Souza, President and CEO of Cognizant. "Our Healthcare, Retail/Manufacturing/Logistics and Other segments all demonstrated sequential growth of approximately 10% or greater and Europe continued to grow well in excess of company average, growing 12% sequentially during the quarter."

Mr. D'Souza continued, "We have adopted a more cautious view for the remainder of the year to reflect the heightened economic challenges over the past two months. However, we believe that the current environment also presents us with opportunities to help clients in industries such as financial services, healthcare and media adapt to the structural changes that are transforming their industries. In addition, our clients are also seeking cost rationalization solutions in order to compensate for the pressures on their businesses. The investments we've made in broadening our service offerings, building deep domain expertise and advanced consulting and analytics capabilities position us well to capitalize on these needs."

2008 Outlook - Second Quarter & Full Year

Based on current visibility, the Company is now providing the following guidance:

-- Second quarter 2008 revenue anticipated to be at least $680 million. -- Second quarter 2008 diluted EPS expected to be $0.34 to $0.35 on a GAAP basis, and $0.38 to $0.39 on a non-GAAP basis, which excludes $0.04 of estimated stock-based compensation and stock-based Indian fringe benefit tax expense. -- Fiscal 2008 revenue is anticipated to be approximately $2.95 billion, up approximately 38% compared to 2007. -- Fiscal 2008 diluted EPS expected to be approximately $1.50 on a GAAP basis, and $1.67 on a non-GAAP basis, which excludes $0.17 of estimated stock-based compensation and stock-based Indian fringe benefit tax expense.

"We continue to invest across our industries, service-areas and geographies in order to address client needs, enhance our market position, continue to grow and deliver value for shareholders," said Gordon Coburn, Chief Financial and Operating Officer. "While keeping these goals in mind, we plan to increase resource utilization throughout 2008 in order to optimize efficiency and quality and help us remain flexible within the current environment. As we look ahead, we remain confident that despite near-term challenges in the economy, our strategy and execution excellence will ensure that Cognizant's growth continues to outpace the industry."

Conference Call

Cognizant will host a conference call today, May 7, at 8:30 a.m. (ET) to discuss the Company's quarterly results. To participate in the conference call, domestic callers can dial (800) 374-0467 and international callers can dial (888) 652-6834. The conference call will also be available live via the Internet by accessing the Cognizant web site at http://www.cognizant.com/. Please go to the web site at least fifteen minutes prior to the call to register, download and install any necessary audio software. A replay will be available by dialing (800) 642-1687 for domestic callers and (706) 645-9291 for international callers and entering "43765301" from two hours after the end of the call until 11:59 p.m. (Eastern) on Wednesday, May 14. The replay will also be available at Cognizant's web site http://www.cognizant.com/ for thirty days following the call.

About Cognizant

Cognizant is a leading provider of information technology, consulting and business process outsourcing services. Cognizant's single- minded passion is to dedicate our global technology and innovation know-how, our industry expertise and worldwide resources to working together with clients to make their businesses stronger. With more than 40 global delivery centers and 58,000 employees as of March 31, 2008, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Info Tech 100, Hot Growth and Top 50 Performers listings. Visit us online at http://www.cognizant.com/.

Forward-Looking Statements

This press release includes statements which may constitute forward- looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

About Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, this press release includes the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: non-GAAP income from operations, non-GAAP operating margin and non- GAAP diluted earnings per share. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures, the financial statements prepared in accordance with GAAP and reconciliations of Cognizant's GAAP financial statements to such non-GAAP measures should be carefully evaluated.

We seek to manage the company to targeted operating margin, excluding stock-based compensation costs and stock-based Indian fringe benefit tax expense, of 19% to 20% of revenues. Accordingly, we believe that non-GAAP operating margin and non-GAAP diluted earnings per share, excluding stock- based compensation costs and stock-based Indian fringe benefit tax expense, are meaningful measures for investors to evaluate our financial performance. For our internal management reporting and budgeting purposes, we use financial statements that do not include stock-based compensation expense and stock- based Indian fringe benefit tax expense for financial and operational decision making, to evaluate period-to-period comparisons and for making comparisons of our operating results to that of our competitors. Moreover, because of varying available valuation methodologies and the variety of award types that companies can use under FAS 123R, we believe that providing non-GAAP financial measures that exclude stock-based compensation allows investors to make additional comparisons between our operating results to those of other companies. Accordingly, we believe that the presentation of non-GAAP operating margin and non-GAAP diluted earnings per share, when read in conjunction with our reported GAAP results, can provide useful supplemental information to our management and investors regarding financial and business trends relating to our financial condition and results of operations.

A limitation of using non-GAAP operating margin and non-GAAP diluted earnings per share versus operating margin and diluted earnings per share calculated in accordance with GAAP is that non-GAAP operating margin and non- GAAP diluted earnings per share exclude costs, namely, stock-based compensation and stock-based Indian fringe benefit tax expense, that are recurring. Stock-based compensation and the related stock-based Indian fringe benefit tax expense will continue to be for the foreseeable future a significant recurring expense in our business. In addition, other companies may calculate non-GAAP financial measures differently than us, thereby limiting the usefulness of these non-GAAP financial measures as a comparative tool. We compensate for this limitation by providing specific information regarding the GAAP amounts excluded from non-GAAP operating margin and non- GAAP diluted earnings per share and evaluating such non-GAAP financial measures with financial measures calculated in accordance with GAAP.

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share data) Three Months Ended March 31, 2008 2007 Revenues $643,106 $460,270 Operating Expenses: Cost of revenues (exclusive of depreciation and amortization expense shown separately below) 366,265 254,909 Selling, general and administrative expenses 148,853 109,499 Depreciation and amortization expense 16,293 12,260 Income from operations 111,695 83,602 Other income (expense), net: Interest income 6,220 6,671 Other income / (expense) 3,954 (17) Total other income / (expense), net 10,174 6,654 Income before provision for income taxes 121,869 90,256 Provision for income taxes 19,996 14,810 Net income $101,873 $75,446 Basic earnings per share $0.35 $0.26 Diluted earnings per share $0.34 $0.25 Weighted average number of common shares outstanding 288,171 285,804 Weighted average number of common and dilutive shares outstanding 299,052 303,516 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) (In thousands) March 31, December 31, 2008 2007 Assets Current Assets Cash and cash equivalents $449,739 $339,845 Short-term investments 25,208 330,580 Trade accounts receivable, net of allowances of $7,698 and $6,339, respectively 452,657 382,960 Unbilled accounts receivable 66,739 53,496 Deferred income tax assets 67,443 75,470 Other current assets 54,635 59,828 Total Current Assets 1,116,421 1,242,179 Property and equipment, net 393,251 356,047 Long-term investments 170,421 - Goodwill 151,380 148,789 Other Intangible assets, net 44,580 45,565 Deferred income tax assets, net 30,500 11,949 Other assets 35,104 33,777 Total Assets $1,941,657 $1,838,306 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $47,450 $36,176 Deferred revenue 26,372 29,020 Accrued expenses and other liabilities 238,838 275,488 Total Current Liabilities 312,660 340,684 Deferred income tax liabilities, net 12,502 15,145 Other noncurrent liabilities 15,469 14,267 Total Liabilities 340,631 370,096 Stockholders' Equity 1,601,026 1,468,210 Total Liabilities and Stockholders' Equity $1,941,657 $1,838,306 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Measures (In thousands, except per share data) Three Months Ended March 31, 2008 2008 2008 GAAP Adjustments Non-GAAP Income from operations $111,695 $13,901 (a) $125,596 Operating margin 17.4% 2.1% (a) 19.5% Diluted earnings per share $0.34 $0.04 (b) $0.38 Three Months Ended March 31, 2007 2007 2007 GAAP Adjustments Non-GAAP Income from operations $83,602 $7,438 (c) $91,040 Operating margin 18.2% 1.6% (c) 19.8% Diluted earnings per share $0.25 $0.02 (d) $0.27 Notes: (a) Adjustment to exclude stock-based compensation of $12,984 and stock- based Indian fringe benefit tax expense of $917 from income from operations of which $5,946 was reported in cost of revenues and $7,955 was reported in selling, general and administrative expenses in our unaudited condensed consolidated statements of operations. (b) Adjustment to exclude the per share effect of stock-based compensation expense net of the related tax benefit and stock-based Indian fringe benefit tax expense. The stock-based Indian fringe benefit tax expense is a nondeductible expense since the cost is recovered from employees. (c) Adjustment to exclude stock-based compensation of $7,438 from income from operations of which $3,268 was reported in cost of revenues and $4,170 was reported in selling, general and administrative expenses in our unaudited condensed consolidated statements of operations. (d) Adjustment to exclude the per share effect of stock-based compensation expense net of the related tax benefit. CONTACT: Gordon Coburn Chief Financial Officer & Operating Officer 201-678-2712 Investors: Gordon McCoun/Hannah Sloane Press: Brian Maddox Financial Dynamics 212-850-5600 hannah.sloane@fd.com

Cognizant Technology Solutions Corporation

CONTACT: Gordon Coburn, Chief Financial Officer & Operating Officer,
Cognizant, +1-201-678-2712; Investors: Gordon McCoun, Hannah Sloane,
hannah.sloane@fd.com, or Press: Brian Maddox, all of Financial Dynamics,
+1-212-850-5600, for Cognizant

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

Incentra Solutions International atteint le statut de niveau Or dans le cadre du programme de partenariat de CommVault

LONDRES, May 7 /PRNewswire/ --

- Cette réalisation confirme l'objectif et l'expérience d'Incentra en matière de protection des données, de sauvegarde à distance et de reprise sur sinistre sur le marché européen

Incentra Solutions International, une division d'Incentra Solutions (OTC Bulletin Board : ICNS), a annoncé aujourd'hui avoir obtenu le niveau Or au Royaume-Uni dans le cadre du programme de partenariat avec CommVault (Nasdaq : CVLT), le niveau le plus élevé possible de reconnaissance. Important fournisseur de produits et de services informatiques en Amérique du Nord et en Europe, Incentra utilise le logiciel primé de protection des données Galaxy(R) comme fondement de son offre de service de sauvegarde gérée Software as a Service (SaaS). Cet agrément de qualité favorise la capacité d'Incentra à s'étendre sur le marché européen pour ses applications de protection des données SaaS de haute valeur et ses services d'archivage sous la plateforme logicielle CommVault(R).

<< Cette élévation au niveau Or reflète les compétence de base d'Incentra concernant les solutions axées sur CommVault. Elle met en lumière notre objectif commercial et notre expérience opérationnelle en matière de protection des données, de sauvegarde à distance et de reprise sur sinistre au Royaume-Uni et sur d'autres marchés européens >>, a déclaré Rocky Atkins, directeur général d'Incentra Solutions International.

<< L'équipe d'Incentra apporte un niveau d'expertise technologique et une satisfaction de la clientèle inégalés. Nous sommes enchantés de les accueillir comme partenaires de niveau Or et nous sommes enthousiasmés à l'idée de poursuivre l'histoire de nos réussites avec Incentra sur le marché européen >>, a affirmé Vince Blackall, directeur général de CommVault pour les canaux EMEA. Les partenaires de niveau Or de CommVault sont sélectionnés pour leur capacité avérée à planifier, livrer et prendre en charge des solutions de gestion de données CommVault. Parmi les avantages spécifiques dont bénéficient les partenaires de niveau Or, on trouve un accès accru à des outils de vente et de marketing ainsi qu'aux ressources techniques de CommVault et à la différenciation des prix, ce qui leur permet d'Ãªtre à la pointe du développement de la protection des données.

Incentra Solutions a établi des relations de partenariat avec CommVault en 2003. Depuis lors, les deux sociétés ont construit une base d'environ 1 400 clients dans le monde entier, couvrant divers secteurs et applications. Plusieurs des plus importants clients de services gérés d'Incentra ont leur siège social en Europe, oÃ¹ Incentra offre des services informatiques professionnels et gérés dans 7 pays, y compris le R.-U.

Ã€ propos de CommVault(R)

Une vision rare - la croyance en une meilleure façon de répondre aux besoins actuels et futurs en gestion de données - guide CommVault dans le développement des solutions Singular Information Management(R) pour une protection des données de qualité, une disponibilité universelle et une gestion simplifiée des données sur des réseaux de stockage complexes. L'architecture exclusive de la plateforme unique de CommVault fournit aux entreprises un contrôle inégalé sur la croissance des données, les coÃ»ts et le risque. Le logiciel Simpana(R) de CommVault a été conçu pour collaborer facilement depuis la conception, le partage d'un ensemble de code unique et de fonctions communes, à la livraison d'une protection des données, d'un archivage, d'une réplication, d'une gestion et d'une recherche des ressources de grande qualité. De plus en plus d'entreprises rejoignent maintenant celles qui ont découvert l'efficacité, la performance, la fiabilité et les contrôles inégalés que seule CommVault peut offrir. De plus amples informations sur CommVault sont disponibles à l'adresse http://www.commvault.com. Le siège social de CommVault se trouve à Oceanport, dans le New Jersey, aux Ã‰tats-Unis. (cvlt-pt)

Ã€ propos d'Incentra Solutions, Inc.

Incentra Solutions, Inc. est un prestataire de solutions et de services informatiques complets pour les entreprises et les prestataires de services gérés en Amérique du Nord et en Europe. La solution complète d'Incentra comprend des services gérés, des services professionnels, des produits matériels et logiciels avec les services de support First Call et Enhanced First Call de l'entreprise, les solutions informatiques d'externalisation et les options financières. Pour de plus amples informations, consultez le site http://www.IncentraSolutions.com.

Contact de Incentra : Rocky Atkins, Directeur général d'Incentra Solutions International au +44 (0) 203 170 7575, ratkins@incentrasolutions.com Contact de CommVault : Fiona Moon, directrice générale EMEA & ANZ, CommVault au +44 (0) 118 951 6500, fmoon@commvault.com Site Web : http://www.IncentraSolutions.com http://www.commvault.com

Incentra Solutions International

Rocky Atkins, Directeur général d'Incentra Solutions International, au +44-(0)-203-170-7575, ratkins@incentrasolutions.com ; ou Fiona Moon, Directrice générale EMEA et ANZ, CommVault, au +44-(0)-118-951-6500, fmoon@commvault.com

Global Crossing Enriches Global Partner Program With Enhanced Offers, Expanded Reach and Deeper Support- Enhances Global Crossing Fast-Track Services(TM) product portfolio to partners.- Expands reach and capillarity in UK, Latin America and globally.- Provides dedicated and integrated support to leading partners.- Launches revamped partner extranet.

FLORHAM PARK, N.J., May 7 /PRNewswire-FirstCall/ -- Global Crossing announced today that it has transformed its market-leading Global Partner Program (GPP) with several new program elements that are designed to further reward existing partners, as well as develop those relationships to their fullest potential.

The new program, GPP 2.0, has enhanced the product portfolio available to Global Crossing's partners, expanded its network reach, established deeper support for leading partners, enhanced co-marketing support and revamped its partner extranet.

"Our Global Partner Program has led the market since it was introduced three years ago as the industry's first formal 'extended reach' carrier program that supports indirect sales of enterprise services to regional service providers," said Omar Altaji, Global Crossing's senior vice president, worldwide carrier services. "As other carriers follow our model, we continue to enhance and expand our program to provide the products and support our partners require, while ensuring Global Crossing remains easy to do business with."

Specific details on enhancements to the program are: -- an enhanced product portfolio: The company has improved its flagship Internet Protocol Virtual Private Network (IP VPN) service by offering six Classes of Service, recently increased from three. The company also is adding Ethernet Services, Voice over Internet Protocol Services, Network Integrity, Provider Edge router Visibility, and Collaboration services to its standard list of offers, which already includes Multi Protocol Label Switching-based IP VPNs, International Private Line, Dedicated Internet Access and On-Site Support. A suite of Professional Services to support the growing requirements of partners and end-users is planned for the end of the second quarter of 2008. The addition of hosting and security capabilities is targeted for the second half of 2008. -- expanded service reach: Additional network capillarity and service capabilities have been added in Latin America and the United Kingdom with the integration of the former Impsat and Fibernet assets Global Crossing has recently acquired. Partners now are able to offer extended reach connectivity to their enterprise clients in approximately 690 cities around the world. -- deeper partnership support: The company is offering additional support to its leading partners, with special pricing structures, dedicated engagement team support, joint product development, and strategic business reviews. With engagement team support, Global Crossing sales and technical personnel are available to help respond to strategic sales opportunities. Global Crossing also is connecting its leading partners to its internal Microsoft Office Communications Server 2007 to enhance the integration of the partner teams. With its enhanced co marketing support, Global Crossing also will support program creation and implementation, collateral development and market intelligence. -- a revamped partner extranet: In the second quarter of 2008, Global Crossing will launch a partner extranet that provides more product information, sales tools and partner support resources to improve the ease of doing business.

"GPP 2.0 establishes a new industry standard in carrier-to-carrier partnering to accelerate the time to revenue for global service delivery," stated Camille Mendler, vice president of Yankee Group's Enterprise Research group. "Global Crossing is ahead of other carriers because it delivers a rounded portfolio of global services and manages partnerships in a holistic way."

GPP provides regional service providers the benefits of global reach, service expansion, reduced time-to-market and the ability to build a network or add service capabilities without significant investment. It enables providers to offer voice, video and data services to out-of-region end customers and gives providers a way to increase revenue by providing value-added services in new markets.

A total of 57 partners now are part of the Global Partner Program, offering Global Crossing Fast-Track Services(TM) portfolio to their enterprise end-users. Participation is strong across all regions, with partners in Europe, Latin America, Asia and North America. Currently GPP serves more than 1,000 enterprise end-customers, including global and regional Fortune 5000. Since the program's inception in October 2004, revenue has more than doubled year over year.

Today, Telstra International is one of the largest participants in the Global Crossing Partner Program. Telstra International offers flexible and creative managed network solutions to meet the sophisticated needs of multinational corporations. Through a combination of owned network assets and the capabilities of the Global Crossing GPP, Telstra is able to offer data services throughout the United States and in more than 200 countries worldwide.

"Participation in the Global Partner Program has allowed us to extend our capabilities beyond the Asia Pacific region to meet the needs of our enterprise clients," says Andrew Morawski, president and CEO of Telstra Incorporated. "We have been successful with the products and services provided by Global Crossing, and we're excited about the new enhancements to the Global Partner Program, particularly the enhanced support structure and the added benefits we will derive from our partnership."

GPP is especially effective at helping national and regional carriers overcome the challenges of serving global enterprises. These challenges include limited global reach and the risk attached to diverting capital to build global networks at an acceptable return on investment. In addition, advanced voice and video IP solutions typically are complex to build and require significant operating expense investment before any revenue can be realized. Finally, out-of-region opportunities are difficult to win without network and services already in place.

Global Crossing Fast-Track Services(TM) combine the business processes, products, services and system tools necessary for service providers to quickly offer their enterprise customers end-to-end global data solutions, backed by consistent Service Level Agreements (SLAs). The portfolio can help service providers avoid the costly expenditures and long lead times generally associated with service expansion. It also can help drive incremental revenue for a carrier by helping it provide additional opportunities to enterprise customers that need out-of-region IP-based solutions.

As part of Global Crossing Fast-Track Services(TM), the company also provides launch support to carriers, including on-boarding and training, sales collateral and dedicated partner team support, along with the tools necessary to effectively deliver a positive customer experience.

ABOUT GLOBAL CROSSING

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

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

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

ABOUT TELSTRA INCORPORATED Telstra Incorporated is the U.S.-based arm of Telstra International.

Telstra International is a global service provider and a division of the leading domestic Australian-based, Tier 1 telecommunications and information services company, Telstra Corporation Limited.

Telstra owns one of the most technologically advanced IP backbone global networks in the Asia Pacific region, offering an extensive portfolio of state- of-the-art solutions to global customers, including voice, mobile, broadband, IP, MPLS and managed services. Telstra International provides global solutions to 200 of the world's top 500 companies in Asia Pacific, Latin America, North America and Europe. For further information, visit http://www.telstra-usa.com/.

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

CONTACT GLOBAL CROSSING: Press Contacts Kate Rankin + 1 973 937 0417 PR@globalcrossing.com Fernanda Marques Latin America + 55 11 3957 2042 LatAmPR@globalcrossing.com Analysts/Investors Contact Suzanne Lipton + 1 800 836 0342 glbc@globalcrossing.com CONTACT TELSTRA: Press Contact Tricia GaNun + 1 917 945 0516 tricia.ganun@usa-telstra.com GEN/PR1

Global Crossing

CONTACT: Press Contacts, Kate Rankin, +1-973-937-0417,
PR@globalcrossing.com, Fernanda Marques, Latin America, +55 11 3957 2042,
LatAmPR@globalcrossing.com, Analysts - Investors Contact, Suzanne Lipton,
+1-800-836-0342, glbc@globalcrossing.com, all of Global Crossing; Press
Contact of Telstra Incorporated, Tricia GaNun, +1-917-945-0516,
tricia.ganun@usa-telstra.com

Web site: http://www.globalcrossing.com/
http://www.telstra-usa.com/
http://blogs.globalcrossing.com/

ProLogis to Develop 860,000-Square-Foot Distribution Center in Spain for Bosch-Siemens Home Appliances- Facility will Include Sustainable Design Features and Technologies -

MADRID, Spain, May 7 /PRNewswire-FirstCall/ -- ProLogis , the world's largest owner, manager and developer of distribution facilities, announced today that it will develop and lease 860,000 square feet (80,000 square meters) in northern Spain to Bosch-Siemens Home Appliances, a leading home appliance company and customer of ProLogis in North America and Europe.

BSH's new facility will be built in the city of Zaragoza, a growing distribution hub situated halfway between Madrid and Barcelona along the A-2 highway, Spain's primary east-west motorway. BSH, which currently operates seven factories and two office locations in Spain, will use the space to distribute its brand-name cooktops, ovens, washing machines, refrigerators, dishwashers and small electrics to its network of retailers throughout southern Europe.

Additionally, BSH's new warehouse will utilize sustainable design features and technologies. Among these are roof-mounted solar panels that generate electricity, a rainwater storage system, energy-efficient lighting and water-efficient landscaping; the site will also have direct access to rail.

"Zaragoza has become a hotspot for distribution for the some of the region's top consumer products manufacturers and suppliers due to its convenient access to major population centers and multiple modes of transport," said Ranald Hahn, ProLogis managing director for southern Europe. "The city is also on the forefront of sustainability, with customers increasingly requesting space that is built with minimal impact on the environment."

"We selected ProLogis over the competition based on our previous leasing experience with the company," said Pedro Bueno, director of BSH's logistics operations. "Their proven ability to reach prescribed objectives, sustainable development expertise and long-term ownership and asset management services provides BSH with continued confidence as we move forward on this important project in Spain."

This is ProLogis' second distribution center in the Zaragoza area; the first, totaling 516,000 square feet (48,000 square meters), is fully leased to ARC International, a world-leading tableware supplier. The building, which was completed earlier this year, also features environmental design and construction.

Gustavo Cardozo, ProLogis first vice president and market director of Spain added, "We believe that BSH's new distribution center, which will be one of the largest sustainable build-to-suit projects developed by ProLogis in Europe, will not only establish a benchmark for the logistics sector in Spain but across the continent."

Bosch-Siemens Home Appliances, S.A. manufactures and distributes brand-name products including Bosch, Siemens, Gaggenau, Neff, Ufesa, Balay and Lynx. The company is integrated with BSH Bosch and Siemens Hausgerate GmbH; together the group has 45 factories and more than 38,000 employees around the world. Approximately 4,700 of those employees work for BSH in Spain.

ProLogis is one of the largest providers of industrial space in Spain with approximately 5.3 million square feet (492,500 square meters) of space owned, managed or under development. In addition to BSH and ARC, other ProLogis customers in Spain include Eurofred, Geodis Iberia, DHL, CEVA Logistics, Schneider Electric Espana, Legrand, CAT Groupe, Abbott Laboratories, Goodyear-Dunlop Tires Espana and Rhenus Logistics.

About ProLogis

ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 121 markets across North America, Europe and Asia. The company has $38.8 billion of assets owned, managed and under development, comprising 526.3 million square feet (48.9 million square meters) in 2,817 properties as of March 31, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs over 1,500 people worldwide. For additional information about the company, go to http://www.prologis.com/.

ProLogis

CONTACT: Media, Jessica Crow, +1-303-567-5137, jcrow@prologis.com, or
Investors, Melissa Marsden, +1-303-567-5622, mmarsden@prologis.com, both of
ProLogis; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, sdawson@lakpr.com, for ProLogis

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

Featured Stocks on Today's Edition of WallSt.net's 3-Minute Press Show: CCBEF, CHDO, SARO

NEW YORK, May 7 /PRNewswire/ -- WallSt.net's 3-Minute Press Show is a daily video program hosted by WallSt.net reporter, Tracee Tolentino.

Shows air Monday through Friday on: http://tv.wallst.net/3-min-press/3-min-press.php.

WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.

The following executives were interviewed on today's show: -- Bobby Genovese, CEO of Clearly Canadian Brands (BULLETIN BOARD: CCBEF) (http://clearly.ca/) -- Howard Ullman, Chairman of CHDT Corp. (BULLETIN BOARD: CHDO) (http://www.chdtcorp.com/) -- Clayton Shelver, CEO of SARS Corp. (BULLETIN BOARD: SARO) (http://www.sarsinc.com/) About WallStreet Direct, Inc.

WallStreet Direct, Inc. a wholly-owned subsidiary of Financial Media Group, Inc., owns and operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/) an online hub for business podcasts from well-known business news personalities and publishers; and WallSt TV (http://tv.wallst.net/), a leading source for business and finance video content. We have received two thousand five hundred dollars from CHDT Corp. for media and advertising services. We have received two thousand five hundred dollars from SARS Corp. for media and advertising services. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.

About Clearly Canadian Brands

Based in Vancouver, B.C., Clearly Canadian Brands markets premium alternative beverages, including Clearly Canadian(R) sparkling flavoured waters and Clearly Canadian dailyEnergy, dailyVitamin and dailyHydration Natural Enhanced Waters which are distributed in the United States, Canada and various other countries. Clearly Canadian's recent acquisition of DMR Food Corporation and My Organic Baby Inc. marks the Company's debut into organic and natural products with a full line of organic baby and toddler foods under the brand names My Organic Baby and My Organic Toddler and a wide range of dried fruit and nut snacks offerings from SunRidge Farms, Naturalife, Sweet Selections, Simply by Nature and Glengrove Organics brands. To find out more about Clearly Canadian Brands visit http://www.clearly.ca/.

About CHDT Corp.

CHDT Corporation, through its subsidiary, Capstone Industries, Inc., engages in marketing and selling of consumer products in North America. It produces STP-branded power tools and automotive accessories; portable booklights, specialty flashlights, and multi-task lights optical magnifiers; and Simply Comfort line of comfort body products, including designed pillows, cushions, massage cushions, and MP3 accessories. In addition, the company manufactures consumer electronics. The company distributes its products through national and regional distributors and retailers in the United States, including, office-supply chains, book store chains, warehouse clubs, supermarket chains, drug chains, department stores, catalog houses, online retailers, and book clubs. The company was founded in 2002. It was formerly known as China Direct Trading Corporation and changed its name to CHDT Corporation in July 2007. CHDT Corporation is based in Deerfield Beach, Florida.

About SARS Corp.

Utilizing a network of satellite, cellular and VHF radio systems, SARS Corp. provides remote asset management and telematics solutions that deliver real-time business intelligence about fixed and mobile assets anywhere in the world. With the SARS Tracpoint software suite, business and government organizations in the marine, energy, transportation and other industries can track, monitor and manage assets for improved safety, better security and increased business efficiency. To learn more about how SARS is helping companies centralize and leverage asset intelligence, visit http://www.sarscorp.com/.

Contact WallSt.net 800-4-WALLST

WallStreet Direct, Inc.; CHDT Corp.; SARS Corp.

CONTACT: WallSt.net, 1-800-4-WALLST

Web site: http://www.wallst.net/
http://www.clearly.ca/
http://www.chdtcorp.com/
http://www.sarsinc.com/

Pro-Dex, Inc. Announces Fiscal 2008 Third Quarter Financial Results Conference Call and Webcast

IRVINE, Calif., May 7 /PRNewswire-FirstCall/ -- PRO-DEX, INC. invites shareholders and investors to listen to a broadcast review of the Company's fiscal 2008 third quarter financial results, and a discussion of the outlook for the fourth quarter.

The call is scheduled to be broadcast live over the Internet on Thursday, May 15, 2008 at 4:30 p.m. Eastern Time and may be accessed by visiting the Company's website at http://www.pro-dex.com/. Mark Murphy, Chief Executive Officer and Jeff Ritchey, Chief Financial Officer, plan to host the call. If you would like to join the call, dial (866) 323-3543 U.S. and (706) 679-0672 International, conference I.D. 46906033. You may identify the call as the Pro-Dex Third Quarter Earnings Call.

An online archive of the broadcast will be available within one hour of the completion of the call and will be accessible on the Company's website for 30 days. Additionally, a telephone replay will be available 2 hours after the call for 48 hours by dialing (800) 642-1687 U.S. or (706) 645-9291 for international callers, conference ID number 46906033.

Pro-Dex Inc., with operations in Santa Ana, California; Beaverton, Oregon and Carson City Nevada, specializes in bringing speed to market in the development and manufacture of technology-based solutions that incorporate embedded motion control, miniature rotary drive systems and fractional horsepower DC motors, serving the medical, dental, semi-conductor, scientific research and aerospace markets. Pro-Dex's products are found in hospitals, dental offices, medical engineering labs, scientific research facilities and high tech manufacturing operations around the world.

For more information, visit the Company's website at http://www.pro-dex.com/.

Statements herein concerning the Company's plans, growth and strategies may include 'forward-looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.

Pro-Dex, Inc.

CONTACT: Mark Murphy, Chief Executive Officer of Pro-Dex, Inc.,
+1-714-241-4411; or Jeff Stanlis, Investor Relations of Hayden Communications,
Inc., +1-602-476-1821

Web site: http://www.pro-dex.com/

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