BPO Management Services Is Certified to Be in Compliance With Type II Data Center Control Standards

ANAHEIM, Calif., May 8 /PRNewswire-FirstCall/ -- BPO Management Services, Inc., "BPOMS" (BULLETIN BOARD: BPOM) a leading full-service business process outsourcing company focused on serving middle-market enterprises, today announced that its IT outsourcing solutions division successfully completed the 2008 SAS 70 Type II evaluation by Eisner, LLP, an independent service auditor.

The audit assessed the effectiveness of the company's data center control policies and procedures, information technology, and related quality control processes to ensure sufficient safeguards are in place.

Statement on Auditing Standards No. 70 is a widely recognized auditing report for service organizations developed by the American Institute of Certified Public Accountants. The issuance of this service auditor's report to BPOMS signifies the successful completion of the SAS 70 examination and confirms that the company has satisfactory data center controls in place for hosting, IT infrastructure, and processing customer data.

Furthermore, specific controls have been tested and confirmed as suitably designed to ensure the specified control objectives and activities are implemented, achieved and maintained. Success in meeting these control objectives ensures the operating effectiveness of client systems is validated, processing requirements are obtained, and any control risk is averted.

"In today's market place, service providers must differentiate themselves by providing significant value and building trust. Successfully completing the requirements for the SAS 70 Type II audit demonstrates BPOMS has designed effective control objectives, activities and safeguards for hosting and processing data belonging to our customers," said BPOMS CEO Patrick Dolan.

"This accomplishment denotes our ability to give our clients the best service by maintaining the highest operational and information security standards for our customers," he added.

About BPO Management Services, Inc.

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

Forward Looking Statements

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

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

BPO Management Services, Inc.

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

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

CTDC Announces Test Completion of First SnO2 Production Line and to Operate Pilot Production in June

HONG KONG, May 8 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation ("CTDC" or "the Company"), a provider of clean and renewable energy products and solutions focusing on solar energy business in China, is pleased to announce that the engineering team of China Merchants Zhangzhou Development Zone Trenda Solar Energy Ltd. ("Trenda"), the wholly-owned subsidiary of the Company, has successfully concluded the testing of its first SnO2 production line. This line is expected to operate the pilot production of the solar base plates in June. SnO2 solar base plate is a type of transparent conductive oxide substrate of amorphous silicon (a-Si) or thin film solar cells. It is a key component of a-Si thin film PV products which optimizes the performance of Building Integrated Photovoltaics (BIPV).

The dedicated engineers from our company and our US and China partners, Terra Solar & China Solar, have been working diligently in the past several months to enhance the manufacturing techniques in order to maximize the energy efficiency as well as to minimize the production cost of the SnO2 base plate product. Commercial production is expected to ramp up to full production within 6 months.

"We are delighted to announce the test completion of the first production line and are excited about the upcoming milestones according to our expansion plan. The test completion timeline of the first production line is consistent with the Company's strategy plan announced in December of 2007. We have initiated meetings with our potential customers concerning our product availability and delivery schedule. We are confident that our final product will be well qualified and competitive to meet the increasing demands for our product in the upcoming months," commented by Alan Li, Chairman and Chief Executive Officer of the Company.

About CTDC:

CTDC is a provider of clean and renewable energy products and solutions focusing on solar energy business in China. CTDC's ultimate principal shareholder is China Merchants Group (http://www.cmhk.com/ ), one of the biggest state-owned conglomerates in China.

For more information, please visit our website at http://www.chinactdc.com/ .

Forward-Looking Statement Disclosure:

This press release of the Company, which is a foreign private issuer, on Form 6-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934. These statements relate to future events or the Company's future financial performance. The Company has attempted to identify forward-looking statements by terminology including "anticipates", "believes", "expects", "can", "continue", "could", "estimates", "expects", "intends", "may", "plans", "potential", "predict", "should", or "will" or the negative of these terms or other comparable terminology. These statements are only predictions, uncertainties and other factors may cause the Company's actual results, level of activity, performance or achievements to be materially different from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. The information in this Report on Form 6-K is not intended to project future performance of the Company. Although the Company believes that the expectations reflected in the forward- looking statements are reasonable, the Company does not guarantee future results, level of activity, performance or achievements. The Company's expectations are as of the date this Form 6-K is filed, and the Company does not intend to update any of the forward-looking statements after the date this Report on Form 6-K is filed to conform these statements to actual results, unless required by law.

Enquiries: Company Contact Stephan Yao General Manager, PR/IR Department Tel: +852-3112-8461 Email: ir@chinactdc.com

China Technology Development Group Corporation

CONTACT: Stephan Yao, General Manager, PR and IR Department of CTDC,
+852-3112-8461, ir@chinactdc.com

Web site: http://www.cmhk.com/
http://www.chinactdc.com/

China TransInfo Announces Conference Call to Discuss First Quarter 2008 Results

BEIJING, May 8 /Xinhua-PRNewswire-FirstCall/ -- China TransInfo Technology Corp., (BULLETIN BOARD: CTFO) ("China TransInfo" or "the Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), today announced that it will conduct a conference call at 10:00 a.m. Eastern time on Wednesday, May 14, 2008 to discuss results for the first quarter of 2008.

Joining Mr. Shudong Xia, chief executive officer, will be Mr. Troy Mao, chief financial officer and Ms. Cathy Zhuang, investor relations supervisor. The Company plans to distribute its earnings announcement the previous day, Tuesday, May 13, after the market close.

To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 1-866- 800-8648. International callers should dial +1-617-614-2702. When prompted by the operator, mention conference pass code 228 973 07.

The call will be available to replay for seven days after it occurs. If you would like to listen to the call, please dial 1-888-286-8010 or +1-617- 801-6888 from outside the US and enter pass code 228 973 07.

About China TransInfo

China TransInfo, through its subsidiary Beijing PKU ChinaFront High Technology Co., Ltd. ("PKU"), is primarily focused on providing transportation information services. The Company aims to become the largest transportation information product and comprehensive solutions provider, as well as the largest integrated transportation information platform and commuter traffic media platform builder and operator in China. China TransInfo is involved in developing multiple applications in transportation, digital city, land and resource filling system based on GIS technologies which is used to service the public sector. In addition, the Company is also developing its transportation system to include ETC technology. The Company is the co-formulator to several transportation technology national standards and has software copyrights for 23 software products. China TransInfo has won 3 of 4 model cases sponsored by PRC Ministry of Communications. The Company's affiliation with Peking University, which currently owns 5% of PKU, provides access to the University's GeoGIS Research Laboratory, including 30 Ph.D. researchers. As a result, the Company is currently playing a key role in setting the standards for electrified transportation information solutions. For more information please visit the company website at http://www.chinatransinfo.com/.

Safe Harbor Statement

This press release contains certain statements that may include "forward- looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact: Company Contact: Ms. Cathy Zhuang, IR Supervisor China TransInfo Technology Corp Tel: +86-10-8267-1299 x8032 Email: cathyzhuang@ctfo.com Investor Relations Contact: Mr. Crocker Coulson, President CCG Investor Relations Tel: +1-646-213-1915 (NY office) Email: crocker.coulson@ccgir.com Web: http://www.ccgelite.com/

China TransInfo Technology Corp.

CONTACT: Company Contact - Ms. Cathy Zhuang, IR Supervisor of China
TransInfo Technology Corp, +86-10-8267-1299 x8032, or cathyzhuang@ctfo.com;
Investor Relations Contact - Mr. Crocker Coulson, President of CCG Investor
Relations, +1-646-213-1915 (NY office), or crocker.coulson@ccgir.com

Web Site: http://www.chinatransinfo.com/
http://www.ccgelite.com/

National Semiconductor Introduces Industry's First Quad Multipoint-LVDS TransceiverTransceiver's Smooth Edge Rates Maximize Noise Margin in AdvancedTCA and MicroTCA Backplanes

SANTA CLARA, Calif., May 8 /PRNewswire-FirstCall/ -- National Semiconductor Corp. today introduced the industry's first quad multipoint-low-voltage differential signaling (M-LVDS) transceiver designed for backplane clock distribution in Advanced Telecom and Computing Architecture (ATCA) and MicroTCA line cards. The new quad-channel transceiver is compliant with the EIA/TIA-899 M-LVDS standard. It provides the optimum balance of integration and ease of design to reduce board space and design time in end equipment such as wireless base stations, communications routers and LXI test instruments.

The DS91M040 drives and receives clock and data signals in multipoint network applications supporting up to four networks simultaneously. It can manage as many as 32 loads at clock frequencies up to 125 MHz and data transfers up to 250 Mbps. The transceiver addresses multipoint and multidrop clock and data distribution applications where a common bus connects multiple drivers and receivers.

The transceiver's smooth edges, with 2 nanosecond (ns) typical rise and fall times, minimize signal reflections due to unterminated backplane stubs. A feedback-controlled output provides constant amplitude regardless of whether the backplane is fully loaded or populated with a single card. Both features allow the DS91M040 to deliver the highest noise margin over a wide variety of conditions.

The DS91M040 also includes pin-control of the M-LVDS receiver, which allows designers to enable a receiver failsafe (type 2) or provide no failsafe (type 1) depending on the application. This unique feature reduces a manufacturers' required inventory by eliminating the need to stock two separate transceivers. Additionally, the DS91M040 provides an upgrade path to manufacturers that use RS-485 transceivers.

Technical Features - DS91M040 Quad M-LVDS Transceiver

The DS91M040 provides four half-duplex transceiver channels that accept low-voltage transistor-transistor logic (LVTTL) and low-voltage CMOS (LVCMOS) signals at the driver inputs and converts them to differential M-LVDS signal levels. The receiver accepts low-voltage differential signals -- such as LVDS, Bus-LVDS, M-LVDS, low-voltage positive-emitter-coupled logic (LVPECL) and common-mode logic (CML) -- and converts them to 3V LVCMOS signals. The DS91M040 supports both M-LVDS type 1 and type 2 receiver inputs and shields adjoining circuits with 15 kV of electrostatic discharge (ESD) protection on the M-LVDS input/output (I/O) pins. The separate enable controls for each channel provide designers with maximum flexibility because each channel can serve as a driver or receiver, or may be shut down for lower power consumption. The DS91M040 is offered in a small 5 mm by 5 mm, 32-pin LLP(R) package.

About National's LVDS Portfolio

National Semiconductor's LVDS technology is a low-power, low-noise method for high-speed data transmission over copper interconnects. LVDS solves current and future high-performance data transmission challenges in bandwidth-hungry applications by delivering data at gigabits per second at milliwatts of power. National is the world's largest supplier of high-speed LVDS products, according to Databean's 2007 Analog IC Market Share survey. National's LVDS products include interface line drivers and receivers, LVDS-LVDS signal conditioners, LVDS-LVDS switching/multiplexing/repeating functions, LVDS serializer/deserializers, FPD link display solutions and ADCs with high-speed digital interfaces. For more information on National's LVDS products, visit http://www.national.com/LVDS.

Pricing and Availability

Available now, the DS91M040 is priced at $3.79 each in 1,000-unit quantities. For more information on the DS91M040 or to order samples and an evaluation board, visit http://www.national.com/pf/DS/DS91M040.html.

About National Semiconductor

National Semiconductor, the industry's premier analog company, creates high-value analog devices and subsystems. National's leading-edge products include power management circuits, display drivers, audio and operational amplifiers, interface products and data conversion solutions. National's key analog markets include wireless handsets, displays, communications infrastructure, medical, automotive, industrial, and test and measurement applications. Headquartered in Santa Clara, Calif., National reported sales of $1.93 billion for fiscal 2007, which ended May 27, 2007. Additional company and product information is available at http://www.national.com/.

LLP is a registered trademarks of National Semiconductor Corporation. Media Contact Reader Information Mark Alden Design Support Group National Semiconductor (800) 272-9959 (408) 721-6929 World Wide Web mark.alden@nsc.com http://www.national.com/

National Semiconductor Corp.

CONTACT: Media, Mark Alden, +1-408-721-6929, mark.alden@nsc.com; or
Reader Information, Design Support Group, 1-800-272-9959, both of National
Semiconductor Corp.

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

SureWest Communications Reports First Quarter 2008 ResultsResults Driven by Positive Broadband EBITDA as Company Successfully Integrates Kansas City Market into BusinessResidential Broadband Revenues Grow 66% and Company Exceeds 200,000 Residential Broadband RGUsBroadband Business Segment Revenues Increase 56%

ROSEVILLE, Calif., May 8 /PRNewswire-FirstCall/ -- Leading independent communications holding company SureWest Communications today announced operating results for the quarter ended March 31, 2008. During the quarter, the company continued to grow its Broadband segment and built on its position as an advanced broadband voice, video and data provider. Highlights for the first quarter, which were positively impacted by the acquisition of Kansas City-based Everest Broadband on February 13, 2008, include:

(Logo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO) -- Residential revenue generating units (RGUs) increased more than 119% compared to the first quarter 2007, with 111% attributable to the Kansas City operations; the company continued to see a strong response to its superior high-speed data product, HDTV channel lineup growth and HD digital video recorder (DVR) in the Sacramento region -- Total Broadband revenues grew 64% in the current quarter compared to the first quarter 2007 due to the Kansas City integration, and strong residential growth and business expansion in Sacramento; residential subscribers increased more than 77% during the same period and business revenues increased 56% -- Triple-play marketable homes, which consist of fiber-to-the-home (FTTH) in Sacramento and hybrid fiber coaxial (HFC) in Kansas City, increased 103% compared to the prior year due to the Kansas City integration and the addition of new and upgraded fiber homes in Sacramento; notably, average revenue per user related to these marketable homes increased to $110 -- Consolidated revenues from continuing operations increased 20% in the first quarter 2008 compared to the first quarter 2007, resulting from a 64% increase in Broadband revenues and the integration of the Kansas City market more than offsetting a 7% decline in Telecom revenues -- Consolidated operating EBITDA from continuing operations increased by 16% to $14.8 million from $12.8 million, which was driven by positive Broadband EBITDA during the quarter -- Consolidated net income decreased as a result of the sale of SureWest Directories in the first quarter 2007, from $61.2 million to $283 thousand in the first quarter 2008 -- During the first quarter, SureWest announced the sale of the operating assets of its Wireless business as part of the company's strategy to focus on its growing Broadband business; the company also completed the successful integration of its Kansas City operations and implemented a long-term strategic growth plan in that region

Steve Oldham, SureWest's president and chief executive officer, said, "Continuing to grow our Broadband segment, with an emphasis on increasing residential revenues and generating new business customers, remains a cornerstone of our growth strategy and solidifies our transformation to an advanced broadband triple-play provider. We are pleased to report that the Broadband segment achieved positive EBITDA in the first quarter, reflecting the addition of our Kansas City operations and growth in our residential and business service offerings, and we expect this to continue moving forward. For the first time ever, Broadband segment revenues surpassed Telecom segment revenues this quarter due to the rapid growth of our residential triple-play services and the successful integration of the Kansas City market.

"During the quarter, we worked to capitalize on our synergies in Kansas City quickly and efficiently, while implementing enhanced sales and marketing efforts in Sacramento to adjust to a changing economic market and deliver compelling opportunities for customers. In the face of challenging industry conditions, our initiatives in Sacramento have been successful in providing a positive impact on our results for the first quarter. These solid efforts generated increased penetration over our network while we continued to pass a large amount of new marketable homes. In turn, we significantly increased our Broadband subscriber counts and revenue generating units."

Segment Results Broadband

Total Broadband segment revenues, consisting of both Sacramento and Kansas City markets, increased 64% in the first quarter of 2008 compared to the prior year quarter, with 51% attributable to the Kansas City operations. The 13% growth in Sacramento resulted from a successful targeted sales and marketing campaign and the continued positive consumer response to the company's superior triple-play offering over its fiber network.

Residential Broadband:

Broadband residential revenues increased 66% in the first quarter compared to the prior year quarter, with 12% attributable to the Sacramento region. Subscriber counts grew 77% from the prior year (8% in Sacramento), with a 119% growth in RGUs (8% in Sacramento). Consistent with the strategy of growing broadband data, voice and video organically and through acquisition, Broadband RGUs increased on a year-over-year basis, as detailed in the chart below.

Y-O-Y comparison 1Q08 1Q07 Change Broadband Residential RGUs 200,800 91,700 119% Data RGUs 91,800 52,800 74% Video RGUs 55,200 19,700 180% Voice RGUs 53,800 19,200 180%

In the triple-play marketable homes footprint, which consists of fiber-to-the-home (FTTH) in Sacramento and hybrid fiber coaxial (HFC) in Kansas City, RGUs per subscriber increased to 2.59 from 2.41 in the first quarter 2007 and average revenue per user (ARPU) increased from $108 to $110.

The company expects to see a greater impact in residential Broadband RGUs and ARPU from SureWest Digital Phone, which launched in the Sacramento region in March 2008. SureWest Digital Phone is a Broadband voice over IP (VoIP) product that presents the company with a more competitive triple-play offering featuring increased options and multiple packages.

"SureWest is engaged in initiatives designed to increase our competitive advantage while achieving growth in RGUs and ARPU," Oldham said. "The launch of SureWest Digital Phone has already surpassed our expectations and due to the product's superior features and multiple price points, we have seen elevated take rates from our customers and are successfully winning back voice subscribers in Sacramento. Additionally, the recent launch of DVR in Sacramento and an increase from 36 to 50 HD channels during the quarter represent major contributors in increasing video sales and ARPU. We will continue to make our high-end video and data packages more attractive for customers through enhanced marketing and sales campaigns."

-- Data: Data RGUs increased 74% in the first quarter compared to the prior year, with 66% attributable to the Kansas City operations. The 8% growth in Sacramento reflects strong demand for SureWest's high-speed data service, which delivers symmetrical Internet speeds of up to 10, 20 and 50 megabits per second. The reliability and speed of the network enhances other services like SureWest Digital Phone, where customers manage phone services through the online SureWest Portal. Data ARPU increased in Sacramento by $1.08, but decreased overall from $42 in the first quarter 2007 to $39 due to the integration of the Kansas City market. The company continues to enhance data service in both regions with new offerings such as the recently announced Wi-Fi Hotspots and the national online remote home monitoring product. As the company continues to upgrade copper customers in Sacramento to the fiber platform, more subscribers are taking enhanced high-end data packages. -- Video: Video RGUs increased 180% in the first quarter compared to the prior year, with 172% attributable to the Kansas City operations. The 8% growth in Sacramento reflects the continued high demand for the company's recently launched HD DVR, as well as increased demand for other premium features including On Demand and HDTV. Video ARPU increased overall from $61 in the first quarter 2007 to $64, including a $5.61 ARPU increase in Sacramento, as customers responded positively to enhanced features and content, and targeted promotions for high-end packages featuring premium content. During the quarter, SureWest enhanced its DVR feature package and expects to add over 15 additional high-quality HD channels in each market during the second quarter. -- Voice: Voice RGUs increased 180% in the first quarter from the prior year, with 174% attributable to the Kansas City operations. The 6% growth in Sacramento reflects the strength of the triple-play bundle. Voice ARPU decreased from $35 in the first quarter 2007 to $33 due to the introduction of unlimited voice packages launched to increase triple-play take rates. SureWest Digital Phone VoIP service adds to the strength of the voice package and an anticipated increase in triple-play RGUs. It also presents a more competitive broadband triple-play option with price flexibility and the inclusion of such features as Find Me/Follow Me, Sequential Ringing and Selective Call Screening, in addition to traditional telephone service options.

Residential triple-play marketable homes increased 103% to 211,000 at the end of the first quarter compared to 104,100 at the end of the first quarter of 2007. This increase was comprised of 91,100 new marketable homes from the Kansas City operations, 7,700 new fiber homes in Sacramento and 8,100 homes upgraded from copper to fiber, where the expectation is to achieve greater than 35% penetration.

Business Broadband:

Broadband business revenues increased 56% in the first quarter compared to the prior year quarter, with 13% attributable to the Sacramento operations. Business subscriber counts grew 54% from the prior year with 9.4% growth attributable to Sacramento. Total Business ARPU grew 16% to $412. Revenues grew significantly due to the strength of the Kansas City market and continued rollout of new and enhanced business services to an expanded footprint in the Sacramento region. The company's business expansion through its Integrated Access services across leased transport in the Sacramento area resulted in a significant increase in the number of addressable marketable businesses.

The strong subscriber and revenue growth in the Broadband business segment has been driven by sales of voice and data services to small and medium sized businesses over both fiber and leased copper networks, as well as a strong response to high bandwidth services such as Ethernet to larger enterprise customers and carriers. Additionally, a business brand identity campaign was launched in the first quarter to build awareness and drive sales in recently expanded areas of the Broadband business territory.

Telecom

Operating only in the Sacramento market, Telecom segment revenues declined 7% in the first quarter of 2008 compared to the prior year quarter, which resulted from anticipated declines in Telecom voice RGUs of 14% and continued scheduled reductions in California High Cost Fund subsidies of $500 thousand in the first quarter.

Residential Telecom:

Residential services were largely impacted by declining voice RGU trends and subsidies. This segment has experienced a migration of voice RGUs to alternative platforms such as wireless and new voice competition. However, the company expects that its recent launch of SureWest Digital Phone, a Broadband VoIP service now available to all Telecom subscribers, will offset the effects of competition and result in a migration of voice RGUs from the Telecom segment to its Broadband segment.

Business Telecom:

Telecom business revenues decreased 2% in the first quarter compared to the prior year quarter. While Business subscriber counts decreased 3% from the prior year, ARPU grew 1% to $311 as the subscriber decrease was mostly due to low ARPU small office business customers churning in a challenging economy.

The company derives a significant portion of its revenue streams from its business service offerings and continues to aggressively pursue Telecom business customers by utilizing its advanced fiber network to offer customized voice and data services. During the quarter, this segment experienced strong sales of Ethernet, long distance and dedicated data services to increase ARPU and help offset traditional voice access line declines.

Wireless

In January 2008 the company entered into a definitive agreement to sell the operating assets of its Wireless business to Verizon Wireless for an aggregate purchase price of $69 million. The sale is expected to close in the second quarter of 2008 and is subject to customary closing conditions. As a result of the sale, the company has reported the results of its Wireless segment as discontinued operations in the attached financial statements for the quarter ended March 31, 2008. The company expects to use $30 million of the net cash proceeds of the Wireless sale to repay a certain amount of its current outstanding debt facilities and the remaining balance to continue to fund the expansion of its broadband network.

Consolidated Results Revenue

Consolidated revenues from continuing operations for the first quarter of 2008 totaled $51.6 million, an increase of 20% compared to the first quarter 2007 resulting in large part from the acquisition of the Kansas City operations. Continued strong residential and business subscriber growth in the Sacramento market also contributed to the increase.

Operating Expense

Consolidated operating expenses, exclusive of depreciation and amortization, increased 22% to $36.8 million in the first quarter 2008 from $30.1 million in the first quarter 2007. Cost of services and selling expenses increased due to the inclusion of costs for the Kansas City operations and the growth associated with expanding the Broadband subscriber base in Sacramento. General and administrative expenses increased primarily due to upgrades to information systems and consulting costs associated with supporting the company's strategic acquisition and disposition initiatives. These increases were offset in part by labor savings resulting from freezing the company's pension plan effective April 1, 2007 and continued focus on reducing headcount to create operating efficiencies. Consolidated depreciation and amortization increased 10% in the first quarter of 2008 to $12.2 million from $11.1 million in the prior year quarter. The increase was primarily due to the inclusion of the Kansas City operations and the expansion of the Sacramento network.

Consolidated loss from continuing operations was $11 thousand in the first quarter of 2008 due to an increase in interest expense associated with new borrowings to fund the Kansas City acquisition compared to a gain of $611 thousand in the first quarter 2007. Earnings per share from continuing operations for the first quarter were zero, compared to $0.04 for the same period last year, as detailed in the accompanying schedule.

Capital Expenditures

Consolidated capital expenditures totaled $17.8 million for the first quarter, a 77% increase over the same period in the prior year. The company continues to focus its capital expenditures on its targeted network build and success-based capital associated with increased penetration and ARPU on the existing network. Capital expenditures for 2008 are expected to be approximately $78 million, including the expansion of the Kansas City network footprint.

Dividend

As previously announced, consistent with the company's growth strategy, the board of directors has decided that, effective with the second quarter's dividend distribution, the company will cease paying quarterly dividends to facilitate reinvestment in the company. The final quarterly cash dividend of $0.25 per share is payable June 16, 2008 to shareholders of record at the close of business on May 15, 2008. SureWest has approximately 11,000 shareholders, who in the aggregate hold approximately 14 million shares.

Non-GAAP Measures

In addition to the results presented in accordance with Generally Accepted Accounting Principles throughout this press release, SureWest has presented non-GAAP financial measures, such as EBITDA and ARPU. SureWest believes that these non-GAAP measures, viewed in addition to and not in lieu of its reported GAAP results, provide useful information to investors because they are an integral part of SureWest's internal evaluation of operating performance. In addition, they are measures that SureWest uses to evaluate management's effectiveness. A reconciliation to the comparable GAAP measures is provided in the attached financial and operating summaries. SureWest's non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies.

Conference Call and Webcast

SureWest Communications will provide details about its results and business strategy on Thursday, May 8, 2008 at 11:00 a.m. Eastern Time. A simultaneous live webcast of the call will be available at http://www.surw.com/ and will be archived shortly after the conclusion of the call. Additionally, a telephone replay of the call will be available through Thursday, May 15, 2008 by dialing (888) 286-8010 and entering passcode 14908547.

About SureWest

SureWest Communications (http://www.surewest.com/) is one of the nation's leading integrated communications providers and is the bandwidth leader in the markets it serves under the SureWest and Everest brands. Headquartered in Northern California for more than 90 years, SureWest's bundled residential and commercial offerings include an array of advanced IP-based digital video, high-speed Internet, local and long distance telephone, and wireless PCS. Its fiber-to-the-premise IP-based network features high-definition video and symmetrical Internet speeds of up to 50 Mbps. In the greater Kansas City region, Everest (http://www.everestkc.com/) is a network-based residential and commercial provider of voice, digital video and high-speed Internet services.

Safe Harbor Statement

Statements made in this news release that are not historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements may be identified by the use of words such as may, will, should, expect, plan, anticipate, or project or the negative of those words or other comparable words. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the company's actual results to differ from those projected in such forward-looking statements.

Important factors that could cause actual results to differ from those set forth in the forward-looking statements include, but are not limited to, advances in telecommunications technology, changes in the telecommunications regulatory environment, changes in the financial stability of other telecommunications providers who are customers of the company, changes in competition in markets in which the company operates, adverse circumstances affecting the economy in California, Kansas and Missouri in general, and in the Sacramento, California Metropolitan and greater Kansas City Metropolitan areas in particular, the availability of future financing, changes in the demand for services and products, new product and service development and introductions, and pending and future litigation.

Contact: Ron Rogers Corporate Communications 916-746-3123 r.rogers@surewest.com SUREWEST COMMUNICATIONS CONSOLIDATED STATEMENTS OF INCOME (unaudited) (amounts in thousands, except per share amounts) Quarter Quarter Ended Ended March 31, March 31, % 2008 2007 Change Operating revenues: Broadband $27,042 $16,525 64% Telecom 24,578 26,361 -7% Total operating revenues 51,620 42,886 20% Operating expenses: Cost of services and products (exclusive of depreciation and amortization) 18,968 14,854 28% Customer operations and selling 7,570 6,764 12% General and administrative 10,257 8,440 22% Depreciation and amortization 12,184 11,075 10% Total operating expenses 48,979 41,133 19% Income from operations 2,641 1,753 51% Other income (expense): Investment income 334 497 -33% Interest expense (2,755) (1,428) 93% Other, net 1 (51) -102% Total other income (expense), net (2,420) (982) 146% Income from continuing operations before income taxes 221 771 -71% Income tax expense 232 160 45% Income (loss) from continuing operations (11) 611 -102% Discontinued operations, net of tax: Income from discontinued operations 294 440 -33% Gain on sale of discontinued operations -- 60,182 nm Total discontinued operations 294 60,622 -100% Net income $283 $61,233 -100% Basic earnings per common share: Income (loss) from continuing operations $(0.00) $0.04 -102% Discontinued operations, net of tax 0.02 4.20 -100% Net income per basic common share $0.02 $4.24 -100% Diluted earnings per common share: Income (loss) from continuing operations $(0.00) $0.04 -102% Discontinued operations, net of tax 0.02 4.19 -100% Net income per diluted common share $0.02 $4.23 -100% Shares of common stock used to calculate earnings per share: Basic 14,310 14,423 -1% Diluted 14,310 14,478 -1% SUREWEST COMMUNICATIONS CONSOLIDATED BALANCE SHEETS (unaudited) (amounts in thousands) March 31, December 31, 2008 2007 ASSETS Current assets: Cash and cash equivalents $7,702 $31,114 Short-term investments 658 21,151 Accounts receivable, net 20,417 19,223 Inventories 6,807 4,251 Prepaid expenses 3,776 3,462 Deferred income taxes 7,526 9,480 Other currents assets 2,869 3,095 Assets of discontinued operations 40,207 41,147 Total current assets 89,962 132,923 Property, plant and equipment, net 505,630 346,740 Intangible and other assets: Customer relationships, net 6,561 -- Goodwill 51,236 2,171 Deferred charges and other assets 5,596 2,933 63,393 5,104 $658,985 $484,767 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term borrowings $60,000 $-- Current portion of long-term debt and capital lease obligations 15,643 3,642 Accounts payable 5,298 2,544 Other accrued liabilities 19,155 19,661 Current portion of contractual shareable earnings obligations 1,179 1,597 Advance billings and deferred revenues 9,198 7,288 Accrued compensation and pension benefits 7,955 8,755 Liabilities of discontinued operations 8,163 8,969 Total current liabilities 126,591 52,456 Long-term debt and capital lease obligations 202,187 118,189 Deferred income taxes 48,516 26,030 Other liabilities and deferred revenues 18,044 17,089 Commitments and contingencies Shareholders' equity: Common stock, without par value; 100,000 shares authorized, 14,245 and 14,514 shares issued and outstanding at March 31, 2008 and December 31, 2007, respectively 152,827 158,870 Accumulated other comprehensive income (3,876) (3,530) Retained earnings 114,696 115,663 Total shareholders' equity 263,647 271,003 $658,985 $484,767 SUREWEST COMMUNICATIONS OPERATING EBITDA RECONCILIATION TO NET INCOME (unaudited) (amounts in thousands) Quarter Ended March 31, 2008 Telecom Broadband Consolidated Income (loss) from continuing operations $5,841 $(5,852) (11) Add back : Income Taxes 4,583 (4,351) 232 Less : Other Income (Expense) 187 (2,607) (2,420) Add back : Depreciation & Amortization 3,668 8,516 12,184 Operating EBITDA (1) $13,905 $920 $14,825 Quarter Ended March 31, 2007 Telecom Broadband Consolidated Income (loss) from continuing operations $5,873 $(5,262) $611 Add back : Income Taxes 4,025 (3,865) 160 Less : Other Income (Expense) 305 (1,287) (982) Add back : Depreciation & Amortization 5,650 5,425 11,075 Operating EBITDA (1) $15,243 $(2,415) $12,828 (1) Operating EBITDA represents net income (loss) excluding amounts for income taxes, depreciation and amortization and all other non-operating income/expenses, and is a common measure of operating performance in the telecommunications industry. Operating EBITDA is not a measure of financial performance under generally accepted accounting principles and should not be construed as a substitute for consolidated net income as a measure of performance. SUREWEST COMMUNICATIONS - Consolidated Operations SELECT OPERATING METRICS As of and for the quarter ended BROADBAND 3/31/2008[1] 3/31/2007[1] Pct Change Residential Video Marketable Homes - Fiber & HFC [2] 211,000 104,100 103% RGUs - Fiber & HFC 52,500 16,600 216% RGUs - Copper 2,700 3,100 -11% Penetration - Fiber & HFC 24.9% 16.0% 56% ARPU $64 $61 7% Voice Marketable Homes 286,600 187,800 53% RGUs 53,800 19,200 180% Penetration 18.8% 10.2% 84% ARPU $33 $35 -7% Data Marketable Homes 286,600 187,800 53% RGUs 91,800 52,800 74% Penetration 32.0% 28.1% 14% ARPU $39 $42 -6% Total Marketable Homes - Fiber, HFC, Copper 286,600 187,800 53% RGUs 200,800 91,700 119% Subscriber totals Subscribers [3] 96,900 54,800 77% Penetration 33.8% 29.2% 16% ARPU [4] $85 $74 15% Triple Play ARPU [5] $110 $108 2% Triple Play RGUs per Subscriber [5] 2.59 2.41 7% Churn 1.4% 1.5% -7% Business [6] Customers 6,000 3,900 54% ARPU $412 $356 16% TELECOM 3/31/2008[1] 3/31/2007[1] Pct Change Residential Voice Marketable Homes 89,900 89,400 1% RGUs [7] 66,800 77,300 -14% Penetration 74.4% 86.5% -14% ARPU $44 $45 -3% Churn 2.7% 1.8% 50% Business [6] Customers 9,600 10,000 -3% ARPU $311 $308 1% NETWORK METRICS 3/31/2008[1] 3/31/2007[1] Pct Change Marketable Homes - Fiber 119,900 104,100 15% Marketable Homes - HFC 91,100 0 n/a Marketable Homes - Copper 75,600 83,700 -10% Total 286,600 187,800 53% ACCESS LINES - Telecom [8] 110,200 124,400 -11% [1] The calculation of certain metrics have been revised over time to reflect the current view of our business. Where necessary prior period metric calculations have been revised to conform with current practice. All amounts rounded to the nearest 100s, [2] Marketable Homes - Fiber & HFC consists of Sacramento fiber homes and Kansas City hybrid fiber coax (HFC) homes. [3] A residential subscriber is a customer who subscribers to one or more residential RGUs. [4] ARPU is the total residential revenue per average subscriber. [5] Triple play ARPU and RGU per Subscriber includes the total residential revenue per average subscriber and ending RGUs per ending subscriber for the triple play markets, excluding the ILEC market. [6] A business customer is a customer who subscribes to business data, voice or video and represents a unique customer account. ARPU is the total business revenue per average customer. [7] A voice RGU is a residential customer who subscribes to one or more voice access line. [8] Telecom access lines include residential and business access lines for information purposes. Subscriber counts are already included in the Telecom segment metrics above.

Photo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com SureWest Communications

CONTACT: Ron Rogers, Corporate Communications of SureWest
Communications, +1-916-746-3123, r.rogers@surewest.com

Web site: http://www.surewest.com/
http://www.everestkc.com/

Current Technology Reports Celevoke's Newest Channel Partner Expands Scope to Power Sports Market

VANCOUVER, British Columbia and NEW YORK, May 8 /PRNewswire-FirstCall/ -- Current Technology Corporation (OTCBB: CRTCF) and MSGI Security Solutions Inc. (OTCBB: MSGI) today announced Texas-based Celevoke, Inc.'s (Celevoke) newest channel partner, The Real Security Company Ltd. (TRSC), is expanding its scope of operations to address the dynamic power sports market in the United States and Canada. "We've already taken delivery of Celevoke units to be marketed under our EYE-ON(TM) brand and are introducing them to our distribution chain in the pupil transportation industry," stated TRSC CEO Eldon Heppner. "Having launched our GPS tracking system in the 'yellow bus' market, we are pleased to announce we have purchased an existing Florida-based sales and marketing organization (RecSmart,LLC) and opened an office in St. Petersburg which will serve as our operations and call center to support our launch into the power sports market."

The power sports market includes motorcycles, recreational vehicles from three and four wheelers to Class A motorhomes and custom buses, and marine units from small craft to custom yachts. "This is a vast market," said Current Technology's CEO Robert Kramer, "with billions of dollars of assets to protect, located in every region of North America. Power sports equipment is usually highly mobile, often very expensive, and thus vulnerable to theft -- motorcycles for example -- and represents a truly outstanding opportunity for our proprietary technology."

"TRSC's recently acquired subsidiary RecSmart has invested years developing a direct to consumer sales platform specifically for clients in the power sports industry," continues TRSC's Mr. Heppner. "Without revealing proprietary information, suffice it to say we will be capturing leads from new purchasers and existing owners of both new and used power sports equipment. The leads come from insurance companies, financial institutions and companies specializing in providing title and condition reports to prospective power sports equipment purchasers. We have developed an automated Internet-based electronic system tied to local dealers which we believe will be able to process the tens of thousands of leads which we anticipate obtaining monthly. Even a relatively modest closing rate will lead to very significant sales."

"We are already shipping to TRSC," continues Current Technology's Mr. Kramer, "but given the huge potential that exists in both the pupil transportation industry and the power sports market, we are negotiating a definitive agreement to reflect TRSC's intended purchase of thousands of units per month. We hope to have the agreement finalized within the next week or two, because TRSC is already rolling out product."

About The Real Security Company

The Real Security Company(TM) (TRSC) is a global multi-divisional company diverse in product offerings. At the core, TRSC(TM) provides a complete line of residential and business theft deterrent / prevention safety products for the automotive, motorbike, marine, military and industrial sectors. For more information please go to http://www.therealsecuritycompany.com/ and http://www.gpsfor2007.com/ .

About Celevoke

Celevoke is poised to become a market leader in the projected $38.3 billion (by 2011) global market for Telematics (according to ABI Research), which is the integrated use of telecommunications and informatics. More specifically, it is the science of sending, receiving and storing information wirelessly via telecommunication devices. Celevoke has integrated Telematics and Global Positioning Systems (GPS) with sensing technology. This proprietary suite of hardware and software products enables users to remotely monitor, track, control and protect a wide variety of asset classes. Examples include people, automobiles and trucks, shipping containers and covert vehicles used for law enforcement and intelligence gathering in a global marketplace. In 2005, Celevoke acquired the assets of San Francisco based Televoke, Inc.; a telematics pioneer backed by Softbank Venture Capital, Cardinal Venture Capital, W.I. Harper Group and others, representing more than $15 million in funding. These assets provided the foundation for Celevoke's development of patented technology utilized today by Celevoke's many clients.

The news release contains forward-looking statements concerning the Company's business operations, and financial performance and condition. When used in the news release the words "believe," "anticipate," "intend," "estimate," "expect," "project," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause such differences include but are not limited to technological change, regulatory change, the general health of the economy and competitive factors. Many of these factors are beyond the Company's control; therefore, future events may vary substantially from what the Company currently foresees. You should not place undue reliance on such forward-looking statements.

Current Technology Corporation

CONTACT: Corporate, Robert Kramer of Current Technology Corporation,
1-800-661-4247, or Jeremy Barbera of MSGI Security Solutions, +1-917-339-7134;
or Investors, Richard Hannon of Polestar Communications, 1-866-858-4100,
or Keith Fetter or Darren Bankston, both of Piedmont IR, LLC, +1-678-455-3696

Rogers Communications to Participate at Upcoming Investor Conference

TORONTO, May 8 /PRNewswire-FirstCall/ -- Rogers Communications Inc. will be participating in the Morgan Stanley Communications Conference being held in Washington, D.C. May 13 and 14, 2008. Rogers will be presenting on May 13 at 11:15 a.m. (ET).

A live audio webcast of the presentation, as well as an on-demand replay following the presentation, will be accessible through Rogers' Investor Relations website at http://www.rogers.com/webcast.

About Rogers:

Rogers Communications is a diversified Canadian communications and media company. We are engaged in wireless voice and data communications services through Rogers Wireless, Canada's largest wireless provider and the operator of the country's only national GSM based network. Through Rogers Cable we are Canada's leading provider of cable television services as well as high-speed Internet access and competitive telephony services. Through Media, we are engaged in radio and television broadcasting, televised shopping, magazines and trade publications, and sports entertainment. We are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange .

Rogers Communications Inc.

CONTACT: Deborah DeRoche, (416) 935-3551, deborah.deroche@rci.rogers.com

KIT digital Announces US$15 Million Equity FinancingCompany to receive a total of $20 million of new capital, including the most recent $5 million investment exercised by KIT Capital on April 18thCompletes acquisition of 100% of Sputnik AgencyCompany broadens institutional shareholder base through equity financing

DUBAI, United Arab Emirates, May 8 /PRNewswire-FirstCall/ -- ROO Group, Inc. d/b/a KIT digital (BULLETIN BOARD: RGRP) , a global provider of video enablement technology and video-centric interactive marketing solutions, announced today it has received executed definitive subscription documents in connection with a private placement of equity for gross proceeds of $15 million. Investors purchased investment units for $0.20 each (a price agreed to on April 23, 2008, when the trading price of the Company's common shares was approximately $0.24 per share), with each unit consisting of one common share together with one warrant, with an exercise price of $0.34 per share. All of the participants in the transaction are accredited institutional investors. The investment group consists of both existing shareholders and a number of established institutional funds new to the Company. KIT Capital, the investment vehicle controlled by KIT digital chairman and CEO, Kaleil Isaza Tuzman, subscribed to slightly less than 50% of the total $15 million raised.

Having completed this financing, the Company does not anticipate that it will need to raise additional capital to achieve its operational and acquisition growth plan.

There were a total of 75 million common shares sold as part of the private placement transaction, all of which are required to be registered in a registration statement filed with the U.S. Securities and Exchange Commission within 30 days. Pro forma of the funding from the current private placement announced herein, coupled with the previously announced purchase of 31,250,000 shares by KIT Capital for $5 million and the conversion of the Company's 10 million preferred shares into 400,000 common shares, the Company's total outstanding common shares will be approximately 145,600,000, with approximately $23.4 million of cash on hand (net of transaction-related fees). At yesterday's (May 7, 2008) closing price of $0.34/share, the Company's pro forma market capitalization is approximately $49.5 million, with an approximate pro forma Enterprise Value of $26.1 million.

"It is currently a difficult time for most small-cap technology companies to raise equity capital in the public markets. We are very pleased with the vote of confidence in KIT digital evidenced by investors in this transaction," commented Mr. Isaza Tuzman. "We believe that having a solid balance sheet and a certain degree of buying power will be particular strengths for us vis-a-vis competitors and other potential market entrants during a time of competitive shakeout and potential consolidation. We also wanted to raise a sufficient amount of capital such that we would not have to raise capital again in the marketplace, removing the overhang of forward financing-related dilution from which many similar companies suffer."

Mr. Isaza Tuzman continued, "In January, when I came on as CEO, we set out to narrow the Company's strategic focus, introduce new management with a 'sales culture', reduce costs, enhance core revenues, and clean up the Company's complex capital structure. We feel good about the progress we have made on all of these fronts and this $15 million financing was the last box to check off, so to speak, in the Company's intensive restructuring phase. Now, as a team, we can set our sights clearly on business development through the rest of the calendar year, and consequently on our goal of being the first profitable company in the IPTV provisioning industry. Management believes that KIT digital is poised to be the clear leader in the B2B provisioning segment of the growing online video space, particularly in markets outside of the U.S."

KIT digital will use the net proceeds from the private placement (and KIT Capital's previous share purchase) to fund (a) the previously announced acquisition of Sputnik Agency, (b) the acquisition of Kamera Content AB, (c) the outstanding payments due to Robert Petty and Robin Smyth in consideration of their restructured ownership over the preferred class, and (d) ongoing operational expenses through to profitability. After the aforementioned payments and operating capital consumption, the Company expects to retain a cushion of more than $9 million in corporate treasury, which it may use in part to fund selective, accretive asset purchases that enhance the Company's core business.

Pro forma of the Kamera acquisition, KIT digital estimates that its current consolidated revenues will be approximately $1.95 million per month (run rate of approximately $23.4 million in annual revenues), and the Company reiterates its commitment to being cash-flow positive on a monthly basis by the 4Q of this year.

Concurrent with the closing of the $15 million private placement, KIT digital announced the completion of the acquisition of its 100% ownership interest in Sputnik Agency, its profitable, video-centric interactive marketing subsidiary. As previously announced, the cash outlay by the Company was approximately $4.0 million to exercise its original option to both purchase 51% of Sputnik and acquire the remaining 49%. For 2007, Sputnik Agency reported revenues of $5.2 million and an operating profit of $371,000.

The Company also expects to use proceeds from the private placement to close the acquisition of Stockholm-based mobile video distribution company, Kamera Content AB, under previously negotiated terms, by May 30, 2008. Kamera, whose clients include Vodafone, Orange, Telefonica, O2 and China Mobile, generated approximately $2.9 million of unaudited revenue in the 12 months ended December 31, 2007. Kamera's management projects revenues of $5.6 million in 2008. As mentioned on the KIT digital 4Q 2007 earnings call, the Kamera acquisition is expected to cost approximately $4.5 million upfront, with additional incentive consideration (paid in cash or stock at the Company's election) disbursable between months 6 and 21 after closing, subject to certain performance thresholds. The Company views Kamera as immediately cash flow positive pro forma of acquisition-related synergies.

About KIT digital

KIT digital (formerly ROO Group) (OTCBB: RGRP) is a leading, global provider of proprietary video distribution technologies and video-centric interactive marketing solutions. Through its end-to-end platform, KIT digital works closely with consumer brands and content providers to maximize the value of video content via the Internet. The KIT platform allows clients to publish, manage and distribute digital video content, build online communities and integrate advertising. In addition, enterprises can access approximately 100 KIT-syndicated channels and 40,000 KIT-syndicated videos. Through its wholly owned subsidiary, Sputnik Agency, the Company offers businesses a full range of video-centric interactive marketing solutions. KIT digital clients include News Corp., Verizon, K-Mart, Coles, NASDAQ, Hummer, RCS and Google. KIT digital has principal offices in Dubai, Melbourne (Australia), New York and London. For additional information, please visit http://www.kit-digital.com/.

Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KIT Digital, Inc ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its plan of operations when needed; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov/.

KIT digital

CONTACT: Investor Relations - Todd Fromer, +1-212-896-1215,
tfromer@kcsa.com, or Public Relations - Lewis Goldberg +1-212-896-1216,
lgoldberg@kcsa.com, both of KCSA Strategic Communications for KIT digital

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

Vonage and Covad Communications Announce Strategic Relationship to Deliver Vonage Broadband

HOLMDEL, N.J. and SAN JOSE, Calif., May 8 /PRNewswire-FirstCall/ -- Vonage, a leading provider of digital phone services, and Covad Communications Company, a leading national provider of integrated voice and data communications, today announced a strategic relationship which will enable Vonage to provide its customers with a broadband solution using Covad's nationwide DSL network.

The new service, called Vonage Broadband, is expected to be offered to new and existing customers by the end of the year. Through this relationship with Covad, Vonage will offer DSL services with maximum download speeds of 3.0 or 6.0 megabits per second to both residential and small business customers. This offering will expand Vonage's competitive position in the marketplace by integrating these services for customers who prefer this option.

"Consistent with our strategy of focusing on the customer, Vonage Broadband enables us to respond to the demand we hear from customers who prefer the Vonage brand," said Jeffrey Citron, Chairman, Chief Strategist, and Interim CEO. "In addition, it provides us with a competitive offering that continues to give customers the freedom of choice."

Broadband fits perfectly into the MyVonage portfolio of products and services, such as Vonage Visual Voicemail(R), Unlimited International Long Distance Calling and V-Portal(TM), which enable customers to control not only the way they communicate, but now, the way they bundle.

"We look forward to partnering with Vonage as its broadband wholesale service provider," said Patrick Bennett, Covad President and Chief Executive Officer. "This new strategic relationship enables us to demonstrate the reliability and award-winning performance of our nationwide broadband network to Vonage's large and savvy customer base."

Vonage will be hosting an Earnings call today at 10:00 AM and will discuss the relationship in further detail. To participate, please dial (877) 419-6594 approximately ten minutes prior to the call. International callers should dial (719) 325-4932.

Vg-a About Vonage

Vonage is a leading provider of digital phone services with over 2.6 million subscriber lines. Our award-winning technology enables anyone to make and receive phone calls with a touch tone telephone almost anywhere a broadband Internet connection is available. We offer feature-rich and cost-effective communication services that offer users an experience similar to traditional telephone services.

Our Residential Premium Unlimited and Small Business Unlimited calling plans offer consumers unlimited local and long distance calling, and popular features like call waiting, call forwarding and voicemail -- for one low, flat monthly rate. Vonage's service is sold on the web and through national retailers including Best Buy, Circuit City, Wal-Mart Stores Inc. and Target and is available to customers in the U.S., Canada and the United Kingdom. For more information about Vonage's products and services, please visit http://www.vonage.com/.

Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage(R) is a registered trademark of Vonage Marketing Inc., a subsidiary of Vonage Holdings Corp.

About Covad

Covad is a leading nationwide provider of integrated voice and data communications. The company offers DSL, Voice Over IP, T1, broadband wireless, Web hosting, managed security, IP and dial-up, and bundled voice and data services directly through Covad's network and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad broadband services are currently available across the nation in 44 states and 235 Metropolitan Statistical Areas (MSAs) and can be purchased by more than 57 million homes and businesses, which represent over 50 percent of all US homes and businesses. Corporate headquarters is located at 110 Rio Robles San Jose, CA 95134. Telephone: 1-888-GO-COVAD. Web Site: http://www.covad.com/.

Safe Harbor Statement

This press release contains forward-looking statements regarding the Company's future offering of a wholesaled DSL solution. The forward-looking statements in this release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve risks and uncertainties that could cause actual results and outcomes to be materially different. Important factors include, but are not limited to, our ability to consummate a proposed financing, our damaging and disruptive intellectual property and other litigation; our convertible notes, which can be put to us in December 2008; our rate of customer terminations; our history of net operating losses and our need for cash to finance our growth; the competition we face; our reliance on third parties to provide portions of our service; our dependence on our customers' existing broadband connections; differences between our service and traditional phone services, including our 911 service; uncertainties relating to regulation of VoIP services; system disruptions or flaws in our technology; the risk that VoIP does not gain broader acceptance; and other factors that are set forth in the "Risk Factors" section, the "Legal Proceedings" section, the "Management's Discussion and Analysis of Results of Operations and Financial Condition" section and other sections of Vonage's Annual Report on Form 10-K for the year ended December 31, 2007, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. While the Company may elect to update forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, and therefore, you should not rely on these forward- looking statements as representing our views as of any date subsequent to today.

Vonage

CONTACT: Michael Zema of Vonage, +1-732-202-5432,
michael.zema@vonage.com; or Michael Doherty, of Covad Communications,
+1-408-952-7431, mdoherty@covad.com

Web site: http://www.vonage.com/
http://www.covad.com/

Arizona's Grande Valley Ranch Golf Club to Give Golfers an Edge With ProLink GPSRenovated Course Chooses ProLink's Rich Technology, Revenue-Boosting Advertising Program

CHANDLER, Ariz., May 8 /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 Grande Valley Ranch Golf Club (Eloy, Ariz.) now features the ProLink Solutions GPS system used at many of the world's most famous golf courses and plans to participate in ProLink's exclusive national advertising opportunity.

Located near Interstate-10 between Phoenix and Tucson, Grande Valley Ranch has undergone extensive renovations with new trees and playable turf added to the Forrest Richardson design. The layout stretches to 7,183 yards from the back tees and is highlighted by what once was of Arizona's longest holes, the 651-yard, par-5 second - nicknamed "The Gila Monster."

"Grande Valley Ranch requires thoughtful course management from tee to green, so the ProLink GPS system's yardage measurements and hole depictions make it a major plus for our golfers," said Frank Trekell, Head Golf Professional at Grande Valley Ranch. "We're able to better serve our guests as well through pace-of-play improvements and food-and-beverage ordering features. And we anticipate a solid return on our investment through these features as well as the national advertising program."

"Grande Valley Ranch is a fun and challenging course with an excellent reputation among Arizona golfers, and we are proud to call the club a trusted partner," said Lawrence D. Bain, CEO of ProLink Solutions. "Course operators have discovered that ProLink GPS is not only a terrific golfer amenity, but greatly enhances their revenue. With each high-end course we add, like Grande Valley Ranch, our advertising partners gain further access to the coveted golf demographic."

With ProLink's patented, 10.4" high-resolution color screen -- the industry's largest - Grande Valley Ranch'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 Grande Valley Ranch will also be able to order food and beverage items with a touch of a button on the ProLink screen.

For more information on Grande Valley Ranch Golf Club, visit http://www.gvrgolfclub.com/ or call 520.466.7734.

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 of 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/
http://www.gvrgolfclub.com/

Suntech to Participate in Upcoming Investor Conferences and Industry Events

SAN FRANCISCO, May 8 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that management is scheduled to participate in the following upcoming investor conferences and industry events:

-- Citigroup HK/China Mini Conference 2008 on May 9, 2008 at the Conrad Hotel in Hong Kong. -- SOLAREXPO 2008 from May 15-17, 2008 at the Verona Fairground in Verona, Italy. -- The 5th Green Energy Expo from May 21-23, 2008 at EXCO (Daegu Exhibition & Convention Centre) in Korea. -- Simmons Alternative Energy Conference from May 28-30, 2008 at The Fairmont Sonoma Mission Inn in Sonoma, California. About Suntech

Suntech Power Holdings Co., Ltd. is a world leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of building integrated photovoltaic (BIPV) products under the MSK Solar Design Line(TM). Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visit http://www.suntech-power.com/ .

For more information, please contact: In China: Rory Macpherson Investor Relations Tel: +86-510-8531-8922 Email: rory@suntech-power.com In the United States: Sanjay M. Hurry Vice President The Piacente Group, Inc. (Investor Relations Counsel, Suntech) Tel: +1-212-481-2050 Email: suntech@tpg-ir.com

Suntech Power Holdings Co., Ltd.

CONTACT: In China: Rory Macpherson, Investor Relations, +86-510-8531-8922,
or rory@suntech-power.com; Or In the United States: Sanjay M. Hurry, Vice
President of The Piacente Group, Inc. (Investor Relations Counsel, Suntech),
+1-212-481-2050, or suntech@tpg-ir.com

UTStarcom Awarded Contract From United Telecoms Ltd. for Broadband Network Triple Play SolutionUTStarcom continues broadband momentum with first deployment of IPTV, GEPON and NGN solutions on a single network

NEW DEHLI, India, May 8 /PRNewswire-FirstCall/ -- UTStarcom, Inc. , a global leader in IP-based, end-to-end networking solutions and services, today announced that it has been awarded a contract by United Telecoms Limited to deliver Internet Protocol TV (IPTV), bandwidth on demand and Voice over IP (VoIP) services in the state of Goa. Upon completion, the Gigabit Ethernet Passive Optical Network (GEPON)/fiber technology network will be the first specifically designed to deliver e-Governance and triple play solutions in India.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO)

The deployment of the Goa Broadband Network is an expansion of UTStarcom's recently deployed fiber network with United Telecoms Ltd. and demonstrates UTStarcom's continued success in delivering broadband solutions, a core business focus area for the company. The Goa Broadband Network marks the first time UTStarcom's RollingStream(R) IPTV, GEPON and mSwitch(R) solutions will be integrated into a single customer network for the delivery of end-to-end, triple play services.

"We are honored to play a key role in the fulfillment of the Goa State Government's broadband vision, which will revolutionize the broadband, voice and video communication experiences for citizens in Goa," said Dr P. Rajmohan Rao, managing director of United Telecoms Ltd. "United Telecoms Ltd. is the leader in deploying State WANs in the country, and the broadband, IPTV, and NGN technologies provided by UTStarcom enable us to architect a unique Goa Broadband Network for the delivery of innovative services."

The end-to-end network will provide more than 100,000 subscribers in Goa with high-speed access to several new services including broadcast-quality IPTV and e-Governance applications. Additional feature-rich applications and services to be delivered through the deployment include on-demand entertainment services, interactive gaming, VoIP, tele-medicine, distance learning and e-commerce.

Mr. Manmohan Singh, the Honorable Prime Minister of India, celebrated the inauguration of the Goa Broadband Network in late 2007.

"The State of Goa deployment firmly establishes UTStarcom's leadership and commitment to offering innovative IP technologies that support the goals of the country's government," said Vijay Yadav, managing director for UTStarcom in South Asia. "By coupling IPTV service with VoIP and high-speed data access, next generation service providers such as United Telecoms Ltd. are opening up new revenue streams while enabling new services that enrich consumers' communication experiences."

In 2007, UTStarcom was selected by United Telecoms Limited to deploy its GEPON fiber access solution to serve as the foundation for the new State Wide Area Network (SWAN) in the state of Goa. UTStarcom's RollingStream end-to-end IPTV system -- which will also be deployed on the network -- currently supports more than 800,000 live IPTV subscribers globally and maintains a current total system capacity of more than one million subscribers as a result of recent successful deployments in China with China Netcom and China Telecom, in India with Bharti Airtel and MTNL/Aksh, in Japan with Softbank, in Latin America with Brasil Telecom and in Taiwan with Markwell.

About UTL

United Telecoms Limited (UTL) Group is a Bangalore-based ICT solutions company with wide experience in setting up telecom networks, e-governance networks and solutions. Networking, telecom, IT, software development, turn- key projects and project management are key strengths of UTL. In the field of telecom, UTL has products covering the entire gamut of switching, transmission, access, wireless and terminal equipment. UTL is the first Indian company to develop DWDM, which is deployed in India today on BSNL's networks. Additionally, UTL's product portfolio includes SHDSL modems with a power plant capacity of 3500 AMPS, BTS for GSM and multiple other products in development.

About UTStarcom, Inc.

UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and development operations in the United States, Canada, China, Korea and India. For more information about UTStarcom, visit the company's Web site at http://www.utstar.com/.

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

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding UTStarcom's expectations, beliefs, intentions or strategies regarding the future and including, without limitation, the anticipated growth in demand for broadband products and services in the state of Goa; the rapidly changing nature of the telecommunications market in India; possible delays in system deployments; the termination of new contracts, partnerships or alliances; and changes in government regulation and licensing requirements in India.

All forward-looking statements included in this document are based upon information available to UTStarcom as of the date hereof, and UTStarcom assumes no obligation to update any such forward-looking statements. Forward- looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks and other risks relating to UTStarcom's business are set forth in the documents filed by UTStarcom with the Securities and Exchange Commission, specifically its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and amendments thereto.

Photo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com UTStarcom, Inc.

CONTACT: Darleen DeRosa, Senior Director, Corporate Public Relations of
UTStarcom, Inc., +1-510-769-2830, darleen.derosa@utstar.com; or Sara Zavala,
Senior Account Executive of Edelman, +1-702-644-2465, sara.zavala@edelman.com,
for UTStarcom, Inc.

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

ProfitStars(R) Provides Enterprise Exception Management Suite (eEMS) to Charles Schwab- Risk Management Solution Helps Mitigate Inherent Risks Associated with Financial and Operational Data -

MONETT, Mo., May 8 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. , a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that the Enterprise Exception Management Suite (eEMS) provided by its ProfitStars division has been selected by Charles Schwab & Co., Inc. to automate its reconciliation processes. Charles Schwab is one of the nation's largest providers of financial services and offers a complete range of investment services and products.

eEMS is an enterprise risk management solution that is driven by a real-time rules engine that helps diverse financial services organizations proactively identify and mitigate the risks associated with financial and operational data. eEMS compiles data from disparate sources, automatically matches data elements, identifies exceptions, and loads each exception into a queue for resolution in a fully automated, secure environment. This innovative solution enables more effective and efficient data management through reconciliation, exception processing, and business intelligence.

According to Jennifer O'Reilly, vice president, Operations Control for Charles Schwab, "We believe an enterprise-wide exception management solution will better protect our clients, their assets, and our firm. After a lengthy due diligence process, the ProfitStars team clearly demonstrated that eEMS could replace disparate applications we developed internally over the years, automate manual processes, and be tailored to support our specific needs. We anticipate that automating our reconciliation processes with eEMS will ensure the integrity of our data, generate operational efficiencies, and seamlessly support our unique, evolving, and increasingly complex reconciliation requirements. We have developed a valuable partnership with ProfitStars and are excited about the positive impact that eEMS will have on our near- and long-term operations."

David Foss, general manager of ProfitStars, said, "We consider the evaluation and selection of our enterprise exception management solution by a progressive, highly respected firm like Charles Schwab to be a solid endorsement of our system's functionality and the tangible value it provides. We are excited about the addition of firms like Charles Schwab to our client roster, and believe we have significant opportunities to expand our market presence as increasing numbers of financial services organizations elect to implement automated solutions for mitigating and controlling the risks associated with their financial and operational data."

About ProfitStars

ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at http://www.profitstars.com/.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 8,700 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar(TM) is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at http://www.jackhenry.com/.

Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.

Jack Henry & Associates, Inc.

CONTACT: Analysts, Kevin D. Williams, Chief Financial Officer,
+1-417-235-6652; or IR Contact, Jon Seegert, Director of Investor Relations,
+1-417-235-6652, for Jack Henry & Associates, Inc.

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

PEER 1 Donates IT Infrastructure for Pangea Day Worldwide Film EventGlobal live broadcast to reach millions of through the Internet, television and mobile phones

VANCOUVER, British Columbia, May 8 /PRNewswire-FirstCall/ -- PEER 1, a leading provider of online IT infrastructure, has supplied free managed hosting services, systems architecture, database failover services, and on- site, day-of-event technical support for the Pangea Day IT network. On May 10, 2008, Pangea Day aims to tap the power of film to help bring the world together for a unique shared experience through live broadcast venues in Cairo, Kigali, London, Los Angeles, Mumbai, and Rio de Janeiro and thousands of self-organized events planned in over 100 countries. The event will reach a global audience of millions via traditional broadcasts, free-to-air feeds and both web-based and mobile phone platforms.

"PEER 1 is pleased to offer our IT infrastructure strength to support such a worthy cause that will provide a voice to people all over the world," said Robert Miggins, vice president of business development for PEER 1. "As a worldwide network, we are committed to maximizing the possibilities of the Internet, which breaks down borders and connects individuals, organizations and businesses of all kinds around the world."

The Pangea Day event will feature approximately 24 short films and includes a number of exceptional speakers and musical performers, such as Queen Noor of Jordan and Iranian rock phenomenon Hypernova. The featured films were selected from an international competition that generated more than 2,500 submissions from over one hundred countries. The films were chosen based on their ability to inspire, transform, and allow us see the world through another person's eyes.

The web-based portion of the Pangea Day program will be supported by PEER 1's fully redundant network that delivers high performance bandwidth through 15 state-of-the-art data centers and 17 points-of-presence (POPs) across North America. PEER 1 will continue to support Pangea Day's network after the event as well.

Pangea Day was created in 2006 when documentary filmmaker Jehane Noujaim won the TED Prize, at the Technology Entertainment Design conference in California. The prize aims to grant the winner a 'wish to change the world,' and Noujaim chose to use film to bring the world together.

About PEER 1

PEER 1, a leading online IT infrastructure provider, believes in the limitless opportunity of the Internet and the business growth and continuity it provides for its more than 10,000 customers. PEER 1 delivers highly scalable managed hosting and co-location solutions to ensure customers' online presence is always fast, always available. Since 1999, PEER 1 has grown to include data centers and network points of presence in 17 major cities across North America and Europe. Serving a variety of companies, PEER 1 offers solutions that grow through every stage of web commerce, regardless of company size. The company's headquarters are in Vancouver, Canada and the stock is traded on the TSX Venture exchange under the symbol PIX. For more information visit: http://www.peer1.com/.

About Pangea Day

Inspired by the 2006 TED (Technology, Entertainment, Design) Prize wish of documentary filmmaker Jehane Noujaim, Pangea Day endeavors to bring the world together and promote understanding and tolerance through film. Pangea Day is a celebration of what unites us, rather than what divides us. Movies can't change the world. But the people who watch them can. After May 10, Pangea Day organizers will facilitate community-building activities around the world by connecting inspired viewers with organizations doing groundbreaking work. For more information, please visit http://www.pangeaday.org/.

PEER 1

CONTACT: Abigail Faylor, for PEER 1, +1-425-452-5497,
afaylor@webershandwick.com; or Laura Galloway of Galloway Media Group for
Pangea Day, +1-212-260-3708, laura@gallowaymediagroup.com

Web site: http://www.peer1.com/
http://www.pangeaday.org/

Integral Systems Europe Announces EPOCH IPS Satellite Ground System Compliance With the ESA Packet-Utilization Standard (PUS)

TOULOUSE, France, May 8 /PRNewswire-FirstCall/ -- ISE (Integral Systems Europe), a subsidiary of Integral Systems, Inc. , today announced that its' EPOCH IPS (EPOCH Integrated Product Suite) COTS product is in compliance with ESA's (European Space Agency) PUS (Packet-Utilization Standard) for Satellite Control Systems and EGSE (Electrical Ground Support Equipment). Integral has implemented a complete, database-driven system for PUS services, with an open architecture for mission-specific services and solutions.

This new EPOCH IPS capability is specifically designed to satisfy the demanding requirements of ESA satellite programs. It includes full spacecraft commanding at 64 kbps and implements European standards for spacecraft operations. In particular, EPOCH IPS delivers a command queue and command history capability with real-time GUI (Graphical User Interface) displays.

"Based on our success at EUMETSAT with the METOP satellites, this investment demonstrates the suitability of our COTS products to support European Earth Observation missions," says Bruno Dupas, President of Integral Systems Europe.

EPOCH IPS PUS features include: -- Command verification for immediate and time-tagged commands, merging ECSS (European Cooperation for Space Standardization) PUS reports and EPOCH telemetry verification. -- Commanding with full ECSS PUS command formats, including sub-formats and all ECSS PUS command point types. -- ECSS PUS satellite housekeeping and diagnostic telemetry format decommutation. -- "On-the-fly" satellite telemetry programming and immediate updating of the decommutation logic in the ground system. -- Ground spacecraft schedule and procedure execution modeling with GUI displays. -- Database-driven spacecraft event and alarm formatting through GUI displays. -- Database-driven spacecraft report XML formatting and management. -- Standardized spacecraft database ingest from predefined ASCII files.

ISE will be presenting EPOCH IPS for both EGSE and satellite control at the upcoming SpaceOps 2008 gathering in Heidelberg, Germany, on Wednesday, 14 May, at 13:30 (Session 71 - SASS-5 - System Design, Architecture, and Space Regulations III).

About Integral Systems Europe (ISE)

Founded in 2001, Integral Systems Europe is a wholly-owned subsidiary of Integral Systems, Inc. ISE integrates satellite ground systems using Integral Systems' COTS products and third-party products. ISE is providing Satellite Control and Payload Management Systems for communication satellites and Earth observation satellites in Europe, the Middle East, and Central Asia. For more information, visit http://www.integ-europe.com/ .

About Integral Systems

Founded in 1982, Integral Systems is a leading provider of satellite ground systems and has supported more than 205 different satellite missions for communications, science, meteorological, and earth resource applications. Integral Systems was the first company to offer an integrated suite of COTS (Commercial-Off-the-Shelf) software products for satellite command and control: the EPOCH IPS (Integrated Product Suite) product line. EPOCH IPS has become the world market leader in commercial applications with successful installations on five continents.

Through its wholly-owned subsidiary, SAT Corporation, Integral Systems provides satellite and terrestrial communications signal monitoring systems to satellite operators and users throughout the world. Through its Newpoint Technologies, Inc., subsidiary, Integral Systems also provides software for equipment monitoring and control to satellite operators, broadcasters, and telecommunications firms. Integral Systems' RT Logic subsidiary builds telemetry processing systems for military applications, including tracking stations, control centers, and range operations. Integral Systems' Lumistar, Inc., subsidiary provides system- and board-level telemetry acquisition products. Integral Systems has approximately 500 employees working at its headquarters in Lanham, MD, and at other locations in the U.S. and Europe. For more information, visit http://www.integ.com/.

Integral Systems

CONTACT: Bruno Dupas, President, Integral Systems Europe,
+33 5 6100 2210, +33 5 6100 2213 (fax); or Media, Shany Seawright of Strategic
Communications Group, +1-240-485-1081, sseawright@gotostrategic.com, for
Integral Systems

Web site: http://www.integ.com/
http://www.integ-europe.com/

FiberTower Announces First Quarter 2008 Earnings Release and Conference Call Schedule

SAN FRANCISCO, May 6 /PRNewswire-FirstCall/ -- FiberTower Corporation announced today that it plans to release 2008 first quarter results on Thursday, May 8, 2008 after the market closes. In conjunction with the release, FiberTower has scheduled a conference call, which will be broadcast live over the Internet on Friday, May 9, 2008 at 9:00 a.m. Eastern Time.

What: FiberTower Corporation First Quarter 2008 Earnings Conference Call When: Friday, May 9, 2008 -- 9:00 a.m. Eastern Time Where: Live via phone by dialing 303-262-2130 and asking for the FiberTower call at least 10 minutes prior to the start time. Or live over the Internet by logging on to the web address below. Where: http://www.fibertower.com/

A telephonic replay of the conference call will be available through May 18, 2008 and may be accessed by calling 303-590-3000 and using the passcode 11113508#. Also, an archive of the webcast will be available shortly after the call on http://www.fibertower.com/ for a period of three months.

About FiberTower

FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class microwave and fiber networks in 13 major markets, customer commitments from six of the leading cellular carriers, and partnerships with the largest tower operators in the U.S, FiberTower is considered to be the leading alternative carrier for wireless backhaul. FiberTower also provides backhaul and access services for government and enterprise markets. For more information, please visit our website at http://www.fibertower.com/.

Investor Contact: Gus Okwu / DRG&E 404-532-0086 gokwu@drg-e.com Company Contact: Ornella Napolitano, VP and Treasurer FiberTower Corporation 202-251-5210 onapolitano@fibertower.com

FiberTower Corporation

CONTACT: Investors, Gus Okwu of DRG&E, +1-404-532-0086, gokwu@drg-e.com
for FiberTower Corporation; or Ornella Napolitano, VP and Treasurer of
FiberTower Corporation, +1-202-251-5210, onapolitano@fibertower.com

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

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

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

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

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

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

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

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

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

Blackboard Inc. to Present at the Merrill Lynch Technology Conference 2008

WASHINGTON, May 8 /PRNewswire-FirstCall/ -- Blackboard Inc. today announced that Michael Chasen, president and CEO, Mike Beach, CFO and Michael Stanton, VP of Investor Relations & Global Treasury, will present at the Merrill Lynch Technology Conference 2008 on Thursday, May 8th at 1:30 pm ET. The live webcast and a replay of the presentation will be available for a limited time at http://investor.blackboard.com/.

About Blackboard Inc.

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

Blackboard

Educate. Innovate. Everywhere.

Blackboard Inc.

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

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

Perfect World to Launch Closed Beta Testing for 'Pocketpet Journey West' on May 15

BEIJING, May 8 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that it plans to launch closed beta testing for "Pocketpet Journey West," the Company's newest 3D massively multiplayer online role playing game ("MMORPG"), on May 15, 2008.

The Company officially announced its plan to launch "Pocketpet Journey West" on April 12, 2008. "Pocketpet Journey West," the Company's first 3D MMORPG that has features of ability to fly, pet raising, and the power to transform into other objects and beings, demonstrates the Company's ability to incorporate new concepts into 3D MMORPG. The game will have unique features including "Pocket Pet Raising," "Cloud Surfing," and "72 changes," and many fun in-game diversions and features, which should make players fully enjoy the pleasure brought by "Pocketpet Journey West."

Following the official announcement of closed beta testing, the Company will hold a series of marketing and promotion activities in cooperation with many well-known online game websites, and distribute closed beta testing accounts to users and gamers associations.

"With 'Pocketpet Journey West', we used our extensive game development experience in 3D MMORPG and other new concepts to develop online game that featured pets. It demonstrates our ability to incorporate new concept and broadens our game platform, and will serve as another core game in our portfolio," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "I believe the game's combination of a creative pet system and the unique features that take place in one of the four great classic novels of Chinese literatures, 'Journey to the West,' will unleash a new and exciting jolt to the online game players."

About Perfect World Co., Ltd. ( http://www.pwrd.com/ )

Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed 3D online games includes 3D massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," and "Chi Bi;" and a 3D casual game: "Hot Dance Party." While most revenues are generated in China, the Company's games have been licensed to leading game operators in more than ten countries and regions. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.

Safe Harbor Statements

This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "future," "plans," "believes" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact Perfect World Co., Ltd. Vivien Wang Investor Relations Officer Tel: +86-10-5885-1813 Fax: +86-10-5885-6899 Email: ir@pwrd.com Web: http://www.pwrd.com/ Christensen Investor Relations Peter Homstad Tel: +1-480-614-3026 Fax: +1-480-614-3033 Email: phomstad@christensenir.com Jung Chang Tel: +852-2117-0861 Fax: +852-2117-0869 Email: jchang@christensenir.com

Perfect World Co., Ltd.

CONTACT: Vivien Wang, Investor Relations Officer, Perfect World Co., Ltd.,
+86-10-5885-1813, or fax, +86-10-5885-6899, or email, ir@pwrd.com; Peter
Homstad of Christensen Investor Relations, +1-480-614-3026, or fax +1-480-614-
3033, or email, phomstad@christensenir.com; Jung Chang of Christensen Investor
Relations, +852-2117-0861, or fax, +852-2117-0869, or email,
jchang@christensenir.com, both for Perfect World Co., Ltd.

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

KVH Launches Lease Program for TracPhone V7 Maritime Broadband Communications SystemLease program makes adding KVH TracPhone V7 and mini-VSAT Broadband service convenient and cost-effective for commercial maritime operations

MIDDLETOWN, R.I., May 8 /PRNewswire-FirstCall/ -- Shipping and offshore oil and gas operators need ever-increasing bandwidth both for enterprise operations as well as for crew morale and welfare. With its smaller size, broadband data rates, Voice over IP (VoIP) phone connections, and substantially lower hardware and airtime service costs, the new TracPhone(R) V7 from KVH Industries is an outstanding solution for commercial communications. Recognizing the growing interest from commercial maritime operators and their unique operational needs, KVH announced today the launch of a new leasing program for the TracPhone V7. With a 36-month lease and an extended 36-month warranty, commercial TracPhone V7 owners will now be able to treat the TracPhone V7 as an operating expense at very reasonable interest rates.

"Shipping and offshore operators are realizing that crew morale and retention are necessary expenditures in an extremely competitive market," said Ian Palmer, KVH's executive vice president for satellite sales. "However, existing satellite communication services and hardware are either too expensive to support crew needs or these solutions need to be limited to communications critical to shipboard operation. With the compact TracPhone V7 and mini-VSAT Broadband service, however, KVH offers commercial and industrial vessels an innovative and powerful satellite communications technology that brings significant advantages in size, data speed, and airtime costs. And with our new lease program, adding a TracPhone V7 becomes even easier for ship owners and fleet operators, whether they are looking for a stand-alone system or a complement to an existing service."

The TracPhone V7, a rugged, 24" (60 cm) antenna, delivers mini-VSAT Broadband service with data rates as fast as 2 Mbps shore-to-ship and 512 Kbps ship-to-shore. A fraction of the size of standard 1-meter VSAT systems, the TracPhone V7 (and its fully integrated below-decks modem and control unit) offers easy connections to shipboard networks, fully stabilized tracking, and a significant reduction in hardware and installation costs, without compromising performance. This advanced solution equips vessels with the capability to easily send and receive manifests, access company networks, download chart updates, and use the enhanced VoIP telephone service to help crew members stay in touch with their loved ones. Any customer leasing a TracPhone V7 can also bundle any of KVH's Inmarsat-compatible TracPhones or TracVision(R) satellite TV systems into the lease for a comprehensive communications and entertainment solution.

KVH's breadth of products and services is an advantage for the company's customers, explained Palmer. "Our ability to offer a comprehensive package of satellite communications and satellite TV hardware and services along with a global dealer network is a tremendous plus to commercial customers. Our commercial-grade TracVision systems and the benefits for real-time news and crew entertainment are very appealing."

Visit http://www.minivsat.com/ for more information on the TracPhone V7.

Note to editors: High-resolution, press-ready photos of KVH's complete suite of TracPhone and TracVision products are available at http://press.kvh.com/ for download and editorial use.

About KVH Industries, Inc.

Middletown, RI-based KVH Industries, Inc., is a leading provider of in-motion satellite TV and communication systems, having designed, manufactured, and sold more than 150,000 mobile satellite antennas for applications on boats, RVs, trucks, buses, and automobiles. Winner of the prestigious General Motors Innovative Design Award, 2 CES Innovation Awards, 23 National Marine Electronics Association "Best Product" awards, the DAME Award in the Marine Electronics category, and a finalist for the Automotive News PACE Award, KVH's mission is to connect mobile customers with the same digital television entertainment, communications, and Internet services that they enjoy in their home and offices.

This release may contain certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, the functionality, characteristics, quality and performance of KVH's products and technology; anticipated innovation and product development; and customer preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, those discussed in KVH's most recent Form 10-K filed with the SEC. KVH assumes no obligation to update its forward-looking statements to reflect new information or developments.

KVH, TracVision, and TracPhone are registered trademarks of KVH Industries, Inc. All other trademarks are the property of their respective companies.

KVH Industries, Inc.

CONTACT: Chris Watson of KVH Industries, +1-401-845-8138,
cwatson@kvh.com

Web site: http://www.minivsat.com/
http://press.kvh.com/

R.H. Donnelley Reports Solid First Quarter Revenues and EBITDA- Soft Advertising Sales In-Line with Full Year Guidance- Launches Refinancing

CARY, N.C., May 8 /PRNewswire-FirstCall/ -- R.H. Donnelley Corporation , one of the nation's leading Yellow Pages and online local commercial search companies, today reported first quarter 2008 net revenues of $675 million, up 2 percent over the same period in the prior year. Adjusted EBITDA(1) in the quarter was $357 million and adjusted EBITDA margin was 52.9%. Adjusted free cash flow in the quarter was $92 million based on cash flow from operations of $100 million, capital expenditures of $10 million and $2 million of adjustments related to other compensation expense at Business.com. First quarter advertising sales were $718 million, down 4.8 percent from pro forma advertising sales for the same period in the prior year. Net loss for the quarter was $1.6 billion, reflecting a goodwill impairment charge of $2.5 billion. Excluding the effect of goodwill impairment recorded in the quarter, net income would have been $15 million. As of March 31, 2008, RHD's net debt outstanding was $9,951 million, excluding the purchase accounting fair value adjustment of $100 million.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060731/NYM044LOGO)

"We generated strong revenues in the quarter driven by the pull through of ad sales from the prior year, lower claims and allowances and the addition of Business.com. This resulted in solid EBITDA in the quarter. Ad sales, a leading indicator of revenues, reflected weak economic conditions in our markets as we expected," said David C. Swanson, chairman and CEO of R.H. Donnelley. "We are aggressively managing costs in response to this operating environment."

Swanson continued, "We are also launching a series of refinancings today that are expected to reduce near-term mandatory debt repayments, extend our maturity profile and reduce debt levels. These actions provide us with greater flexibility to navigate through this business cycle and manage the business for sustainable growth when a better climate returns."

The Company recorded a $2.5 billion non-cash, pre-tax charge associated with goodwill impairment in the quarter to reflect the recent decline in the market value of the Company's debt and equity securities. The charge does not impact the Company's current or future cash flow, compliance with debt covenants, tax attributes or management's outlook for the business.

Refinancing

The Company announced its intention to refinance the Dex West credit facility and amend the R.H. Donnelley Inc. credit agreement to provide additional covenant flexibility as well as extend the maturity date of the revolving credit facility.

Outlook

The Company affirms its full year 2008 guidance last updated on February 28, 2008 on the basis on which it was provided, which excludes the impact of the announced refinancings.

Further important information regarding operating results and related reconciliations of non-GAAP financial measures to the most comparable GAAP measures can be found in the schedules and related footnotes of this press release, which should be thoroughly reviewed. Advertising sales is a statistical measure and consists of sales of advertising in print directories distributed during the period and Internet-based products and services with respect to which such advertising first appeared publicly during the period. It is important to distinguish advertising sales from net revenues, which is recognized under the deferral and amortization method.

First Quarter Conference Call

R.H. Donnelley will host a conference call to discuss its first quarter 2008 results today at 10:00 a.m. (ET). The call can be accessed by dialing 888-387-9606 (domestic) or 517-645-6055 (international). The pass code for the call is "RHD". Please dial in to the call by 9:50 a.m. (ET) to ensure a prompt start time. The call will also be available through a Web cast, which can be accessed by visiting our Web site at http://www.rhd.com/, clicking on "Investor Relations" and following the instructions provided. Those unable to participate at the scheduled time may access a recorded replay by dialing 800-879-6405 (domestic) or 402-220-4745 (international). The recording will be available through May 22, 2008. There is no pass code for the replay. In addition, an archived version of the Web cast will be available on RHD's Web site for up to one year from the date of the call.

Helping Local Businesses Reach More Customers

R.H. Donnelley's interactive offerings are essential to its Triple Play(TM) solution suite -- an integrated set of products and services that efficiently and effectively extend the marketing reach of local businesses. Spanning multiple media platforms -- print Yellow Pages directories, DexKnows.com(TM) search site and the major search engines (e.g. Yahoo!(R) and Google(R)) via the Company's Dex Search Marketing(R) tools -- Triple Play delivers the advertisements of local businesses to a wider set of ready-to-buy consumers.

About R.H. Donnelley

R.H. Donnelley connects businesses and consumers through its portfolio of print and interactive marketing solutions. Small- and medium-sized businesses look to R.H. Donnelley's experienced team of marketing consultants to help them grow their companies and drive sales leads. Consumers depend on the Company's reliable, local business content to deliver the most relevant search results when they are seeking local goods and services. For more information, visit http://www.rhd.com/ and http://www.dexknows.com/.

(1) Before (a) FAS 123 R expense, (b) expense related to the goodwill impairment charge and (c) other compensation expense associated with the Business.com acquisition. Safe Harbor Provision

Certain statements contained in this press release regarding RHD's future operating results or performance or business plans or prospects and any other statements not constituting historical fact are "forward-looking statements" subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Where possible, the words "believe," "expect," "anticipate," "intend," "should," "will," "planned," "estimated," "potential," "goal," "outlook" and similar expressions, as they relate to RHD or its management, have been used to identify such forward-looking statements. All forward-looking statements reflect only RHD's current beliefs and assumptions with respect to future business plans, prospects, decisions and results, and are based on information currently available to RHD. Accordingly, the statements are subject to significant risks, uncertainties and contingencies, which could cause RHD's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by, these statements.

The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: (1) the risk that the legacy Dex and RHD businesses will not continue to be integrated successfully; (2) the risk that the expected strategic advantages and remaining cost savings from the Dex Media merger may not be fully realized or may take longer to realize than expected; (3) disruption from the Dex Media merger making it more difficult to maintain relationships with customers, employees or suppliers; (4) our significant indebtedness and the limitations placed upon us under the related debt agreements; (5) the risk that the contemplated refinancings might not be completed in a timely manner, without conditions, or at all; and (6) general economic conditions and consumer sentiment in our markets . Additional factors that could cause RHD's results to differ materially from those described in the forward-looking statements are described in detail in RHD's Annual Report on Form 10-K for the fiscal year ended December 31, 2007 in Item 1A "Risk Factors" as well as RHD's other periodic filings with the SEC that are available on the SEC's website at http://www.sec.gov/.

(See attached tables) R.H. DONNELLEY CORPORATION Schedule 1 INDEX OF SCHEDULES Schedule 1: Index of Schedules Schedule 2: Unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2008 and 2007 Schedule 3: Unaudited Condensed Consolidated Balance Sheets at March 31, 2008 and December 31, 2007 Schedule 4: Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2008 and 2007 Schedule 5: Reconciliation of Non-GAAP Measures Schedule 6: Statistical Measures -- Advertising Sales Schedule 7: Notes to Unaudited Condensed Consolidated Financial Statements and Non-GAAP Measures Note: These schedules are preliminary and subject to change pending the Company's filing of its Form 10-Q. R.H. DONNELLEY CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Schedule 2 Amounts in millions, except earnings per share Three Months Ended March 31, 2008 2007 Net revenue (1) $674.7 $661.3 Expenses (1) 330.4 330.3 Depreciation and amortization 118.3 103.0 Goodwill impairment (2) 2,463.6 - Operating (loss) income (2,237.6) 228.0 Interest expense, net (195.9) (201.6) Pre-tax (loss) income (2,433.5) 26.4 Tax benefit (provision) 810.4 (10.4) Net (loss) income $(1,623.1) $16.0 (Loss) earnings per share (EPS): Basic $(23.60) $0.23 Diluted $(23.60) $0.22 Shares used in computing EPS: Basic 68.8 70.7 Diluted 68.8 72.0 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements and Non-GAAP Measures -- Schedule 7. Note: These schedules are preliminary and subject to change pending the Company's filing of its Form 10-Q. R.H. DONNELLEY CORPORATION Schedule 3 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS Amounts in millions March 31, December 31, 2008 2007 Assets Cash and cash equivalents $29.9 $46.1 Accounts receivable, net 1,099.4 1,063.5 Deferred directory costs 193.7 183.7 Other current assets 149.4 173.9 Total current assets 1,472.4 1,467.2 Fixed assets and computer software, net 182.3 187.7 Intangible assets, net 11,066.5 11,170.5 Other non-current assets 137.5 139.4 Goodwill (2) 660.2 3,124.3 Total Assets $13,518.9 $16,089.1 Liabilities and Shareholders' Equity Accounts payable and accrued liabilities $217.5 $230.7 Accrued interest 156.9 198.8 Deferred directory revenue 1,198.5 1,172.0 Current portion of long-term debt 186.3 177.2 Total current liabilities 1,759.2 1,778.7 Long-term debt 9,894.5 9,998.5 Deferred income taxes, net 1,471.9 2,288.4 Other non-current liabilities 210.3 200.8 Total liabilities 13,335.9 14,266.4 Shareholders' equity 183.0 1,822.7 Total Liabilities and Shareholders' Equity $13,518.9 $16,089.1 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements and Non-GAAP Measures -- Schedule 7. Note: These schedules are preliminary and subject to change pending the Company's filing of its Form 10-Q. R.H. DONNELLEY CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Schedule 4 Amounts in millions Three Months Ended March 31, Operating activities: 2008 2007 Net (loss) income $(1,623.1) $16.0 Goodwill impairment (2) 2,463.6 - Depreciation and amortization 118.3 103.0 Deferred income taxes (812.1) 10.2 Changes in working capital (49.1) (10.7) Other 2.3 25.3 Net cash provided by operating activities 99.9 143.8 Investment activities: Additions to fixed assets and computer software (10.1) (13.1) Equity investment disposition (investment) 4.3 (2.5) Net cash used in investing activities (5.8) (15.6) Financing activities: Increase (decrease) in checks not yet presented for payment 4.2 (6.2) Credit facilities repayments and note repurchases (91.4) (193.5) Revolver repayments (232.4) (226.4) Borrowings under the Revolver 215.3 207.3 Repurchase of common stock (6.1) - Proceeds from option exercises 0.1 9.1 Net cash used in financing activities (110.3) (209.7) Decrease in cash and cash equivalents (16.2) (81.5) Cash and cash equivalents, beginning of period 46.1 156.2 Cash and cash equivalents, end of period $29.9 $74.7 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements and Non-GAAP Measures -- Schedule 7. Note: These schedules are preliminary and subject to change pending the Company's filing of its Form 10-Q. R.H. DONNELLEY CORPORATION Schedule 5a RECONCILIATION OF NON-GAAP MEASURES (unaudited) Amounts in millions Three Months Ended March 31, 2008 2007 Reconciliation of net (loss) income -- GAAP to EBITDA (3) Net (loss) income -- GAAP $(1,623.1) $16.0 Plus goodwill impairment 2,463.6 - Plus tax (benefit) provision (810.4) 10.4 Plus interest expense, net 195.9 201.6 Plus depreciation and amortization 118.3 103.0 EBITDA $344.3 $331.0 Amortized deferred cost uplift on Dex sales contracts as of the merger date - 17.0 Purchase accounting adjustments related to bad debt expense previously charged to goodwill related to Qwest directories acquired in the Dex Media transaction - 3.3 SFAS No. 123 R non-cash compensation expense 10.8 13.9 Other compensation expense related to the Business.com Acquisition 2.0 - See accompanying Notes to Unaudited Condensed Consolidated Financial Statements and Non-GAAP Measures -- Schedule 7. Note: These schedules are preliminary and subject to change pending the Company's filing of its Form 10-Q. R.H. DONNELLEY CORPORATION Schedule 5b RECONCILIATION OF NON-GAAP MEASURES (cont'd) (unaudited) Amounts in millions Three Months Ended March 31, 2008 2007 Reconciliation of cash flow from operations -- GAAP to adjusted free cash flow and free cash flow Cash flow from operations -- GAAP $99.9 $143.8 Add: Other compensation expense associated with the Business.com Acquisition 2.4 - Adjusted cash flow from operations 102.3 143.8 Less: Additions to fixed assets and computer software -- GAAP 10.1 13.1 Adjusted free cash flow $92.2 Free cash flow $130.7 Three Months Ended March 31, 2008 2007 Reconciliation of interest expense -- GAAP to adjusted interest expense (4) Interest expense -- GAAP $195.9 $201.6 Plus: Fair value adjustment due to purchase accounting 4.3 7.6 Adjusted interest expense $200.2 $209.2 As of As of March 31, 2008 December 31, 2007 Reconciliation of debt -- GAAP to net debt -- GAAP and net debt -- excluding fair value adjustment (5) Debt -- GAAP $10,080.8 $10,175.7 Less: Cash and cash equivalents (29.9) (46.1) Net debt -- GAAP 10,050.9 10,129.6 Less: Fair value adjustment due to purchase accounting (99.5) (103.8) Net debt -- excluding fair value adjustment $9,951.4 $10,025.8 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements and Non-GAAP Measures -- Schedule 7. Note: These schedules are preliminary and subject to change pending the Company's filing of its Form 10-Q. R.H. DONNELLEY CORPORATION Schedule 6 STATISTICAL MEASURES CALCULATION OF ADVERTISING SALES PERCENTAGE CHANGE OVER PRIOR YEAR PERIOD (unaudited) Amounts in millions, except percentages Three Months Ended March 31 December 31 September 30 June 30 2008 Advertising sales (6) $717.6 2007 Pro forma advertising sales $700.3 $541.6 2007 Advertising sales disclosed in 2007 Form 10-Q's 747.3 $729.0 2006 Advertising sales disclosed in 2006 Form 10-K and Form 10-Q's 682.6 533.9 724.7 Pro forma adjustments related to Business.com Acquisition 13.3 9.2 7.3 - Adjustments primarily related to changes in publication dates (6.6) 4.0 5.7 3.0 2007 Pro forma advertising sales $754.0 2006 Pro forma advertising sales $695.8 $546.9 2006 Advertising sales $727.7 Pro forma advertising sales percentage change over prior year period (4.8%) 0.7% (1.0%) Advertising sales percentage change over prior year period 0.2% See accompanying Notes to Unaudited Condensed Consolidated Financial Statements and Non-GAAP Measures -- Schedule 7. Note: These schedules are preliminary and subject to change pending the Company's filing of its Form 10-Q. R.H. DONNELLEY CORPORATION Schedule 7 NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND NON-GAAP MEASURES (1) Revenue with respect to print advertising, and Internet-based advertising products that are bundled with print advertising, is recognized under the deferral and amortization method, whereby revenue is initially deferred when a directory is published and recognized ratably over the directory's life, which is typically 12 months. Revenue with respect to Internet-based services that are not bundled with print advertising, such as SEM and SEO services, is recognized as delivered or fulfilled. Certain prior period amounts included in the unaudited condensed consolidated statement of operations have been reclassified to conform to the current period's presentation. Beginning in the fourth quarter of 2007, we began classifying adjustments for customer claims to sales allowance, which is deducted from gross revenue to determine net revenue. In prior periods, adjustments for customer claims were included in bad debt expense. Accordingly, we have reclassified adjustments for customer claims and bad debt expense for the three months ended March 31, 2007 by $1.5 million to conform to the current period's presentation. These reclassifications had no impact on operating income or net income for the three months ended March 31, 2007. (2) We performed impairment tests as of March 31, 2008 of our goodwill and definite lived intangible assets in accordance with SFAS No. 142, Goodwill and Other Intangible Assets ("SFAS No. 142") and SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets ("SFAS No. 144"), respectively. The first step involved comparing the fair value of the Company with the carrying amount of our assets and liabilities, including goodwill. The fair value of the Company was determined using a market based approach, which reflects the market value of our debt and equity securities as of March 31, 2008. As a result of our testing, we determined that the Company's fair value was less than the carrying amount of our assets and liabilities, requiring us to proceed with the second step. In the second step of the testing process, the impairment loss is determined by comparing the implied fair value of our goodwill to the recorded amount of goodwill. The implied fair value of goodwill is derived from a discounted cash flow analysis for the Company using a discount rate that results in the present value of assets and liabilities equal to the current fair value of the Company's debt and equity securities. Based upon this analysis, we recognized a non-cash impairment charge of $2.5 billion during the three months ended March 31, 2008. (3) EBITDA represents earnings before interest, taxes, depreciation and amortization. EBITDA is not a measurement of operating performance computed in accordance with GAAP and should not be considered as a substitute for operating income or net income prepared in conformity with GAAP. In addition, EBITDA may not be comparable to similarly titled measures of other companies. EBITDA for the three months ended March 31, 2008 and 2007 includes charges of $10.8 million and $13.9 million, respectively, for stock-based compensation in accordance with Statement of Financial Accounting Standards ("SFAS") No. 123 (R), Share-Based Payment ("SFAS No. 123 (R)"). As a result of purchase accounting required by GAAP, we recorded the deferred directory costs related to Qwest directories that were scheduled to publish subsequent to the Dex Media Merger at their fair value, determined as (a) the estimated billable value of the published directory less (b) the expected costs to complete the directories, plus (c) a normal profit margin. We refer to this purchase accounting entry as "cost uplift." Net income -- GAAP and EBITDA for the three months ended March 31, 2007 includes approximately $17.0 million of cost uplift associated with the Dex Media transaction. Net loss -- GAAP and EBITDA for the three months ended March 31, 2008 includes approximately $2.0 million of other compensation expense related to the Business.com Acquisition, of which $2.4 million has been paid in cash during the period. EBITDA for the three months ended March 31, 2007 also excludes recoveries and other purchase accounting adjustments related to bad debt expense previously charged to goodwill of $3.3 million, related to Qwest directories acquired in the Dex Media transaction. (4) As a result of purchase accounting, RHD was required to adjust the carrying value of Dex Media's debt at January 31, 2006 to its fair value. Adjusted interest expense eliminates the interest benefit resulting from the amortization of the fair value adjustment to Dex Media's debt. (5) Net debt -- GAAP represents total debt less cash and cash equivalents on the respective date. Net debt -- excluding fair value adjustments represents net debt -- GAAP adjusted to remove the remaining fair value purchase accounting adjustment of Dex Media's debt noted in footnote 4 above. The unamortized fair value adjustment at March 31, 2008 is $99.5 million. (6) Advertising sales is a statistical measure and consists of sales of advertising in print directories distributed during the period and Internet-based products and services with respect to which such advertising first appeared publicly during the period. It is important to distinguish advertising sales from net revenue, which is recognized under the deferral and amortization method. 2007 pro forma advertising sales assumes the Business.com Acquisition occurred on January 1, 2007. Note: These schedules are preliminary and subject to change pending the

Company's filing of its Form 10-Q. Contacts:

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060731/NYM044LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com R.H. Donnelley Corporation

CONTACT: Investors, James M. Gruskin, 1-800-497-6329, or
Media, Tyler D.
Gronbach, +1-919-297-1541, both of R.H. Donnelley Corporation

Web site: http://www.rhd.com/
http://www.dexknows.com/

Xilinx at Linley Tech Seminar 2008 on High-Speed InterconnectsWhat: Linley Tech Seminar 2008 on High-Speed InterconnectsWhere: DoubleTree Hotel, San Jose, CaliforniaWhen: May 14, 2008

SAN JOSE, Calif., May 8 /PRNewswire/ -- Xilinx, Inc. today announced participation at The Linley Tech Seminar on High-Speed Interconnects on May 14, 2008 at the DoubleTree Hotel in San Jose. Xilinx will present "Designing 10 Gbps Applications on Xilinx(R) Virtex(R)-5 FPGA Platforms" and demonstrate the company's connectivity solutions during the exhibits and reception segment of the program. Xilinx customers can receive discounted registration ($200 off the $495 list price) at http://www.linleygroup.com/seminars.html. To receive the discount register as "other" under type of business and specify Xilinx.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO) Xilinx Presentation Designing 10Gbps Applications on Xilinx Virtex-5 FPGA Platforms Navneet Rao, Connectivity System Architect, Xilinx This presentation will address scenarios and tradeoffs for designing 10 Gbps applications with FPGAs using PCI Express(R), Serial RapidIO, XAUI, Ethernet, and other proprietary protocols. Also discussed will be key optimization and implementation strategies when designing the latest Xilinx Virtex-5 LXT/SXT/FXT FPGA platforms. Xilinx Demonstrations -- PCI Express 2.0 Solution -- Demonstration of high performance PCI Express 2.0 solutions targeting the latest 65nm Xilinx Virtex-5 FXT FPGAs with built-in GTX transceivers running at 5.0 Gbps. -- High Performance XAUI Solution -- Demonstration of a 10 Gbps application implementing PCI Express and XAUI protocols in a Xilinx Virtex-5 LXT FPGA. The application implements 8-lane PCIe(R) -- to -- XAUI system using the built-in GTP transceivers. About Linley Tech Seminars

The Linley Tech Seminar Series consists of one-day sessions of pre-qualified technical sessions focused on a single aspect of advanced technology. High-speed Interconnects explores the latest products and technologies for PCI Express, RapidIO, 10 G Ethernet, Display Port, HyperTransport, and other leading interconnects. For more information, visit http://www.linleygroup.com/Seminars/hsi.html.

About Xilinx

Xilinx is the worldwide leader in complete programmable logic solutions. For more information, visit http://www.xilinx.com/.

#0853e

Editorial Contacts: Silvia Gianelli Xilinx Worldwide 408-626-4328 silvia.gianelli@xilinx.com

XILINX, the Xilinx Logo, Virtex, Spartan, ISE and other designated brands included herein are trademarks of Xilinx in the United States and other countries. PCI Express and PCIe are trademarks of PCI-SIG and used under license. All other trademarks are the property of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Xilinx, Inc.

CONTACT: Silvia Gianelli of Xilinx Worldwide, +1-408-626-4328,
silvia.gianelli@xilinx.com

Web site: http://www.xilinx.com/
http://www.linleygroup.com/

Spenser Communications Joins Extreme Networks North American Channel Partner Program

SANTA CLARA, Calif., May 8 /PRNewswire-FirstCall/ -- Extreme Networks, Inc. today announced that Spenser Communications, a Platinum- Certified Avaya BusinessPartner based in California, has joined Extreme Networks(R) recently upgraded North American Channel Partner Program as a Platinum partner. Spenser Communications will now resell Extreme Networks products and services to deliver converged networks to mid and large sized customers who seek reliable, high performance data and voice systems.

Extreme Networks enhanced channel program provides its partners with increased benefits, including market development, education, and rewarding channel tiers that help make doing business simple and rewarding. Extreme Networks and Spenser Communications will work together to build and support enterprise network infrastructures and complementing converged voice systems that are well suited for mid-sized enterprises. These solutions offer the performance and features needed to support communications seamlessly.

"Welcoming Spenser Communications as a new Platinum level channel partner occurs as we begin to demonstrate the added benefits of our channel partner program," said Christopher Rajiah, director of North American Channels for Extreme Networks. "Their specialty with supporting Avaya's intelligent communications and overall expertise in building networks is a terrific fit and we look forward to growing this relationship."

"Recognizing Extreme Networks position in the telecommunications industry, we're pleased to join the Business Partner Program," said Ken Craig, CEO and President, Spenser Communication, Inc. "Working with Extreme Network enables us to extend our existing portfolio of Avaya solutions and provide better hardware and managed solutions to help our clients meet their individual objectives toward generating a greater return on investment."

Spenser Communications boasts a 14 year track record for the successful design and delivery of complex VoIP projects with both campus and distributed branch architectures. This complements Extreme Networks award-winning BlackDiamond(R) and Summit(R) switching solutions that run the innovative ExtremeXOS(R) operating system. Extreme Networks products provide the resiliency, availability and bandwidth to support voice, video and data.

Spenser Communications, Inc.

Spenser Communications (Spenser) is the leader in integrating advanced communication solutions, teaming with our clients to engineer, implement, and support proven technologies thus ensuring their continued success. Spenser offers a comprehensive scope of solutions - IP Telephony, mobility/wireless, security, Unified Messaging and VoIP to a wide range of businesses, governments and public institutions. The company has consistently received prestigious top honors from Inc. Magazine, including being listed as one of the nation's fastest-growing private companies for three years. For more information visit the Spenser Web site: http://www.spenser.biz/

Extreme Networks, Inc.

Extreme Networks designs, builds, and installs Ethernet infrastructure solutions that solve the toughest business communications challenges. The company's commitment to open networking sets us apart from the alternatives by delivering meaningful insight and unprecedented control to applications and services. Extreme Networks believes openness is the best foundation for growth, freedom, flexibility, and choice. Extreme Networks focuses on enterprises and service providers who demand high performance, converged networks that support voice, video and data, over a wired and wireless infrastructure.

Except for the historical information contained herein, the matters set forth in this press release, including without limitation statements as to features and benefits of the products, combined solutions, and the new channel program, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including network design and actual results of use of the product in different environments. We undertake no obligation to update the forward-looking information in this release. Other important factors which could cause actual results to differ materially are contained in the Company's 10-Qs and 10-Ks which are on file with the Securities and Exchange Commission (http://www.sec.gov/).

Extreme Networks, BlackDiamond, ExtremeXOS, and Summit are either trademarks or registered trademarks of Extreme Networks, Inc. in the United States and/or other countries.

Extreme Networks, Inc.

CONTACT: Greg Cross, Extreme Networks Public Relations, +1-408-579-3483,
gcross@extremenetworks.com

Web site: http://www.extremenetworks.com/
http://www.spenser.biz/

Mattson Technology Sets New Standard With Alpine(TM) New Photoresist Strip Product for BEOL and FEOL Applications at Sub 65 Nanometer NodesInitial System Shipped to Major Semiconductor Manufacturer in Taiwan

FREMONT, Calif., May 8 /PRNewswire-FirstCall/ -- Mattson Technology, Inc. , a leading supplier of advanced semiconductor process equipment used to manufacture Integrated Circuits (or ICs), today announced the release of the Alpine(TM) system, the Company's newest innovation targeted to meet the stringent requirements of advanced low temperature photoresist strip processes on back-end-of-line (BEOL) and front-end-of-line (FEOL) applications for future technology nodes with a single tool. The latest addition to Mattson's complete family of dry strip products, Alpine was developed to address the challenges of advanced low-k and other complex materials required to manufacture today's and future ICs. Alpine builds and expands on Mattson's latest production proven platform, the Suprema(TM); and is designed for reliable, high-productivity, low-cost-of-ownership (COO) manufacturing for 65 nanometers and below. The Company noted that it has shipped its initial Alpine system to a major semiconductor manufacturer in Taiwan.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080508/AQTH076)

David Dutton, president and chief executive officer, commented, "Technology and productivity leadership is the foundation of the Company's success, and we are pleased to add this newest tool to our highly focused, market-leading product suite. Mattson Technology is the premier strip provider in the foundry market, and the bulk strip market leader. We expect that the Alpine BEOL strip applications will provide Mattson with further growth opportunities, doubling our served available strip market."

Dutton continued, "The launch of the new Alpine system is of significant importance to Mattson and our global customer base. We are introducing a tool with remarkable productivity advantages and with excellent on-wafer results to BEOL applications, which will provide a significant benefit to the industry. The majority of manufacturers are currently forced to sacrifice productivity in BEOL due to the use of expensive etchers that typically afford low throughput. In addition, Alpine is well suited to critical dry strip FEOL applications and strengthens the Company's positioning across the logic, foundry and memory market segments. The Alpine is another innovative technology that delivers advanced on-wafer performance, while delivering the leading productivity our customers expect from Mattson Technology. We are excited to add this new product to our portfolio, further positioning Mattson to outperform the industry as the next investment cycle unfolds."

Alpine(TM) Key Technical Highlights

* Alpine's advanced etch chamber offers excellent profile control. The Alpine features Mattson's proprietary inductively coupled plasma ( ICP ) source and a bias capability that enables independent control of ion energy and ion density at low pressures to minimize damage to low-k materials for sub-65 nanometer processing. Mattson's ICP technology has been successfully adopted by 17 of the 20 top semiconductor manufacturers in volume production and advanced product development.

* Unique photoresist recess processing for low-k/Cu dual damascene structures for advanced logic devices provides chipmakers up to 35 percent lower COO than dielectric etch tools.

* Provides improved profile control, low-k material preservation and a wider process window; and is able to run processes under low pressure regimes whereas conventional Etchers cannot.

* Features reliable, high-speed vacuum and atmospheric robotics that deliver increased throughput and over 40 percent improvement compared to competitive systems for advanced strip applications.

* Enables remarkable particle performance due to its unique platform design which meets the stringent particle requirements of the 65 nanometer technology node and beyond.

Sr. Vice President and General Manager of Mattson Technology's Surface Cleaning Group, Neal Holmlund, added, "Mattson's enabling technologies offer compelling process control advantages in addressing customers' challenges in the manufacture of smaller device structures. The new Alpine platform and robot design gives our global customers enhanced throughput, uptime, serviceability and lower Cost of Consumables."

Holmlund continued, "Mattson is proud to have shipped the initial Alpine system to a long-time customer. Their selection of our Alpine photoresist strip system is further testament to Mattson's ability to support advanced strip production. Our customer looked to Mattson to provide further improvements in the areas of productivity, reliability and serviceability for their BEOL production. Alpine's innovative system features reliable, high- speed vacuum and atmospheric robotics that deliver increased throughput, with an over 40 percent improvement as compared to competitive systems for advanced strip applications." Holmlund concluded, "As a manufacturing partner, Mattson is dedicated to providing our customers with state-of-the-art process technologies on cost-effective platforms coupled with a service and support capability to deliver the highest level of customer satisfaction."

About Alpine (TM)

The latest addition to Mattson's complete family of dry strip products, the Alpine (TM) enables chipmakers to handle copper/low-k dielectric integration, low-k/ ultra low-k ashing, resist recess, barrier layer removal and other BEOL dry strip challenges with a single tool, in addition to all critical FEOL dry strip process requirements. The Alpine features Mattson's proprietary inductively coupled plasma (ICP) source and a bias capability providing improved profile control, low-k material preservation and a wider process window. The system builds on Mattson's latest production proven platform and is designed for reliable, high-productivity, low-cost-of- ownership manufacturing for 65 nanometer nodes and below.

About Mattson Technology, Inc.

Mattson Technology, Inc. is a leading supplier of dry strip equipment and the second largest supplier of rapid thermal processing equipment in the global semiconductor industry. The company's strip and RTP equipment utilize innovative technology to deliver advanced processing performance and productivity gains to semiconductor manufacturers worldwide for the fabrication of current- and next-generation devices. For more information, please contact Mattson Technology, Inc., 47131 Bayside Parkway, Fremont, Calif. 94538. Telephone: (800) MATTSON/(510) 657-5900. Fax: (510) 492-5911. Internet: http://www.mattson.com/.

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

This news release contains forward-looking statements regarding the Company's future prospects. Forward-looking statements address matters that are subject to a number of risks and uncertainties that can cause actual results to differ materially. Such risks and uncertainties include, but are not limited to: end-user demand for semiconductors; customer demand for semiconductor manufacturing equipment; the timing of significant customer orders for the Company's products; customer acceptance of delivered products and the Company's ability to collect amounts due upon shipment and upon acceptance; the Company's ability to timely manufacture, deliver and support ordered products; the Company's ability to bring new products to market and to gain market share with such products; customer rate of adoption of new technologies; risks inherent in the development of complex technology; the timing and competitiveness of new product releases by the Company's competitors; the Company's ability to align its cost structure with market conditions; and other risks and uncertainties described in the Company's Forms 10-K, 10-Q and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information provided in this news release.

Mattson Technology Contact Investor & Media Contact Kerem Kapkin Laura Guerrant tel (510) 492-2765 Guerrant Associates fax (510) 474-1449 tel 808-882-1467 Kerem.Kapkin@mattson.com fax 808-882-1267 lguerrant@guerrantir.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080508/AQTH076
PRN Photo Desk, photodesk@prnewswire.com Mattson Technology, Inc.

CONTACT: Kerem Kapkin of Mattson Technology, +1-510-492-2765, fax,
+1-510-474-1449, Kerem.Kapkin@mattson.com; or Investors and Media, Laura
Guerrant of Guerrant Associates, +1-808-882-1467, fax, +1-808-882-1267,
lguerrant@guerrantir.com

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

SXC Health Solutions announces 2008 first quarter financial results

LISLE, IL, May 8 /PRNewswire-FirstCall/ -- SXC Health Solutions, Corp. ("SXC" or the "Company") , announces its financial results for the three-month period ended March 31, 2008. Financial references are in U.S. dollars unless otherwise indicated.

Q1 2008 Operational Highlights - Announced the acquisition of National Medical Health Card Systems, Inc. ("NMHC") - Total revenue was $24.3 million, compared to $24.3 million in Q1 2007 - Recurring revenue was $18.9 million, compared to $17.9 million in Q1 2007 - Adjusted EBITDA was approximately $6.3 million, or 26% of total revenue for Q1 2008 and 2007 - Net income before tax was $5.0 million, compared to $5.4 million in Q1 2007 - Net income was $3.4 million, or $0.16 per share (diluted), compared to $3.7 million, or $0.17 per share (diluted), in Q1 2007 - Cash and cash equivalents grew from $90.9 at December 31, 2007, to $96.6 million at March 31, 2008 - 112.0 million prescription drug claims were processed in Q1 2008 compared to 97.3 million in Q1 2007

"The major development in Q1 was the announcement of our acquisition with NMHC, which closed on April 30," said Gordon S. Glenn, Chairman and CEO of SXC. "The addition of NMHC is a transformative event for SXC and completes an important part of our strategic footprint. We have enhanced our position as the leading technology-enabled Pharmacy Spend Management company, offering the PBM industry's broadest set of choices to contain the cost of pharmaceuticals and improve patient care. Ultimately, we believe the acquisition will increase our sales opportunities, make us more competitive and strengthen client relationships across all our business lines."

"Our integration process is moving along according to plan and already NMHC's mail-order, specialty pharmacy and clinical offerings are finding interest throughout SXC's customer base," said Mark Thierer, President and COO of SXC. "We have completed field visits to meet NMHC's employees and key customers, where the energy level is high, and we have now turned our attention toward generating our revenue and cost saving synergies. With our newly acquired service offerings and employee expertise, we are uniquely positioned to deliver the strategic solution for pharmacy spend management to our customers across multiple market segments."

Financial Review

Total revenue for Q1 2008 was $24.3 million, compared to $24.3 million in Q1 2007. Recurring revenue was $18.9 million in Q1 2008, up 6% compared to $17.9 million for the same period last year. Recurring revenue consisted of transaction processing revenue of $14.6 million, up 6% from $13.8 million for Q1 2007, and maintenance revenue of $4.2 million, up 3% from $4.1 million in Q1 2007. Overall, recurring revenue accounted for 78% of total revenue in Q1 2008, compared to 74% in Q1 2007.

Driven by growth in its PBM services business, SXC's transaction volume increased 15% from 97.3 million in Q1 2007 to 112.0 million in Q1 2008.

Non-recurring revenue was $5.5 million for Q1 2008 compared to $6.4 million in Q1 2007. Non-recurring revenue consisted of system sales revenue of $1.7 million, down from $3.1 million last year, and professional service revenue of $3.8 million, up from $3.3 million in Q1 2007. The reduction in system sales revenue is primarily due to fewer upgrades for existing clients with tiered license agreements.

Gross profit margin in Q1 2008 was 55% compared to 60% for the same period last year. The decrease in 2008 is largely attributable to increased implementation costs related to the Department of Veteran Affairs contract which started April 1, in addition to lower system sales. Cost of revenue increased 12% to $10.8 million in Q1 2008, compared to $9.7 million in Q1 2007. The increase is primarily due to personnel and support costs related to the growing transaction processing business.

In the accompanying consolidated statement of operations, Q1 2008 stock-based compensation expense was allocated to cost of revenue, product development expense and selling, general and administrative ("SG&A") expense, in the amount of $0.1 million, $0.1 million and $0.6 million, respectively. This compares to the allocation in Q1 2007 to cost of revenue, product development expense and SG&A, in the amount of $0.1 million, $0.1 million, and $0.3 million, respectively.

Q1 2008 product development expenses were $2.5 million, or 10% of revenue, compared to $2.9 million, or 12% of revenue, in Q1 2007. Q1 2008 SG&A expenses were $5.9 million, or 24% of revenue, compared with $6.2 million, or 25% of revenue, in Q1 2007.

Adjusted EBITDA(1) for Q1 2008 remained consistent with Q1 2007 at $6.3 million, or 26% of revenue.

Income before income taxes was $5.0 million in Q1 2008, compared to $5.4 million in Q1 2007. SXC incurred a blended tax rate of approximately 33% in Q1 2008, compared to a blended rate of 31% in Q1 2007.

SXC reported net income of $3.4 million, or $0.16 per share (diluted), in Q1 2008, compared to $3.7 million, or $0.17 per share (diluted), for the same period last year. Net income decreased year-over-year primarily due to the $1.2 million decrease in gross profit, offset in part by a $0.5 million decrease in product development costs and a $0.3 million decrease in SG&A costs.

SXC also continues to generate strong cash from operations. In Q1 2008, the Company generated cash from operations of approximately $8.0 million, compared to $9.8 million of cash from operations generated in Q1 2007. The Company's quarterly cash flows can be impacted by the timing of pharmacy deposit and rebate payments it receives for certain customers. Net of pharmacy deposits and rebates payments, Q1 2008 cash from operations was approximately $6.9 million, compared to Q1 2007 cash from operations, net of pharmacy deposits and rebate payments, of approximately $5.7 million.

Liquidity and Resources

SXC has a strong balance sheet from which to pursue its growth initiatives. At March 31, 2008, the Company had cash and cash-equivalents of $96.6 million, up from $90.9 million at December 31, 2007.

Subsequent to quarter-end, on April 30, SXC completed the approximately $143 million acquisition of NMHC. The purchase price was funded with a combination of cash and the Company's stock. The purchase price was financed through a $48.0 million secured term loan, approximately $54 million of cash on hand, and 2.8 million shares of SXC common stock. This use of funds was not reflected in the Company's cash and cash equivalents balance at March 31, 2008.

2008 Financial Guidance

With the acquisition of NMHC now complete, SXC is revising its previously announced stand-alone guidance for fiscal 2008 to account for the impact of the combined operations. The Company now expects:

- Consolidated revenue of $545-$600 million - Gross profit of $106-$114 million - Adjusted EBITDA of $35-$39 million - GAAP EPS (diluted) of $0.41-$0.50 (including an estimated $7.0 million of amortization directly related to the NMHC acquisition) - Non-GAAP adjusted earnings per share(1) (diluted) of $0.61-$0.70 (excluding the $7.0 million of NMHC transaction-related amortization) - Diluted shares outstanding post-acquisition are approximately 24.5 million - The Company reconfirms its objective of generating $6.0-$8.0 million of synergies in the first 12 months following closing of the NMHC transaction, and $12-$14 million of synergies in the subsequent 12 months. Future Reporting Format

For future quarterly and annual reporting periods, SXC will present its revenue in two segments: PBM (pharmacy benefit management) which includes mail-order and specialty pharmacy, and Healthcare IT.

Notice of Conference Call

SXC will host a conference call on May 8, 2008 at 8:30AM (ET) to discuss its Q1 2008 financial results. Mr. Gordon S. Glenn, Chairman and CEO, will host the call. To participate on the call, please dial 416-644-3427 or 1-800-814-4941. A replay of the call can be heard by dialling 416-640-1917 or 1-877-289-8525 and entering the reference code 21270165. The taped call will be available until May 15, 2008.

A live audio webcast of the call will be available at http://www.sxc.com/ and http://www.newswire.ca/. Webcast attendees are welcome to listen to the conference in real-time or on-demand at your convenience.

(1)Non-GAAP Financial Measures

SXC reports its financial results in accordance with generally accepted accounting principles in the United States ("GAAP"). SXC's management also evaluates and makes operating decisions using various other measures. Two such measures are adjusted earnings per share and adjusted EBITDA, which are non-GAAP financial measures. SXC's management believes that these measures provide useful supplemental information regarding the performance of SXC's business operations.

Adjusted earnings per share is a non-GAAP measure which takes earnings per share and adds back the impact of acquisition-related amortization expense, net of tax. Acquisition-related amortization expense is a non-cash expense arising from the acquisition of intangible assets in connection with the acquisition. SXC excludes acquisition-related amortization expense from non-GAAP adjusted earnings per share because it believes (i) the amount of such expenses in any specific period may not directly correlate to the underlying performance of SXC business operations and (ii) such expenses can vary significantly between periods as a result of new acquisitions and full amortization of previously acquired intangible assets. Investors should note that the use of these intangible assets will contribute to revenue in the future period presented and periods beyond that and should also note that such expense will recur in future periods. The 2008 guidance of adjusted earnings per share were computed by taking the Company's GAAP earnings per share guidance of $0.61 - $0.70 and adding back the expected impact of acquisition-related amortization expense, net of tax, of $0.20 per share.

Adjusted EBITDA is a non-GAAP measure that management believes is a useful supplemental measure of operating performance prior to net interest income (expense), income taxes, depreciation, amortization, stock-based compensation, debt service, and certain other one-time charges. Management believes it is useful to exclude depreciation, amortization and net interest income (expense) as these are essentially fixed amounts that cannot be influenced by management in the short term. In addition, management believes it is useful to exclude stock-based compensation as this is not a cash expense. Lastly, debt service and certain other one-time charges (including lease termination charges and losses on disposals of capital assets) are excluded as these are not recurring items.

Management believes that adjusted earnings per share and adjusted EBITDA provide useful supplemental information to management and investors regarding the performance of the Company's business operations and facilitate comparisons to its historical operating results. Management also uses this information internally for forecasting and budgeting as it believes that the measures are indicative of the Company's core operating results. Note however, that both items are performance measures only, and do not provide any measure of the Company's cash flow or liquidity. Non-GAAP financial measures should not be considered as a substitute for measures of financial performance in accordance with GAAP, and investors and potential investors are encouraged to review the reconciliation of adjusted earnings per share adjusted EBITDA.

Adjusted earnings per share and adjusted EBITDA do not have standardized meanings prescribed by GAAP. The Company's method of calculating adjusted earnings per share and adjusted EBITDA may differ from the methods used by other companies and, accordingly, it may not be comparable to similarly titled measures used by other companies. Reconciliation of adjusted EBITDA to net income is shown below (in thousands):

For the three months ended March 31, 2008 2007 ---------- ---------- unaudited unaudited Adjusted EBITDA $6,333 $6,284 Depreciation (1,165) (940) Amortization (396) (396) Stock-based compensation (779) (403) Net loss on disposal of assets - (133) Other income (expense) (6) 1 Interest income (expense), net 1,019 1,027 Income tax recovery (expense) (1,649) (1,707) ---------- ---------- Net Income $3,357 $3,733 ---------- ---------- ---------- ---------- About SXC Health Solutions, Corp.

SXC Health Solutions, Corp. is a leading provider of pharmacy benefits management (PBM) services and healthcare IT solutions to the healthcare benefits management industry. The Company's product offerings and solutions combine a wide range of software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois with 13 locations in the US and Canada. For more information please visit http://www.sxc.com/.

Forward-Looking Statements

Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause our actual financial results, performance, or achievements to be materially different from our estimated future results, performance or achievements expressed or implied by those forward-looking statements. Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation, our ability to achieve increased market acceptance for our product offerings and penetrate new markets; consolidation in the healthcare industry; the existence of undetected errors or similar problems in our software products; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; our ability to compete successfully; potential liability for the use of incorrect or incomplete data; the length of the sales cycle for our healthcare software solutions; interruption of our operations due to outside sources; our dependence on key customers; maintaining our intellectual property rights and litigation involving intellectual property rights; our ability to obtain, use or successfully integrate third-party licensed technology; compliance with existing laws, regulations and industry initiatives and future change in laws or regulations in the healthcare industry; breach of our security by third parties; our dependence on the expertise of our key personnel; our access to sufficient capital to fund our future requirements; and potential write-offs of goodwill or other intangible assets. This list is not exhaustive of the factors that may affect any of our forward-looking statements. Other factors that should be considered are discussed from time to time in SXC's filings with the U.S. Securities and Exchange Commission, including the risks and uncertainties discussed in our 2007 Annual Report on Form 10-K, which is available at http://www.sec.gov/. Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to SXC or persons acting on our behalf are expressly qualified in their entirety by this notice. We disclaim any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.

Certain of the assumptions made in preparing forward-looking information and management's expectations include: maintenance of our existing customers and contracts, our ability to market our products successfully to anticipated customers, the impact of increasing competition, the growth of prescription drug utilization rates at predicted levels, the retention of our key personnel, our customers continuing to process transactions at historical levels, that our systems will not be interrupted for any significant period of time, that our products will perform free of major errors, our ability to obtain financing on acceptable terms and that there will be no significant changes in the regulation of our business.

SXC HEALTH SOLUTIONS CORP. Consolidated Balance Sheets (in thousands of U.S. dollars except share data) (unaudited) March 31, December 31, 2008 2007 ----------- ----------- ASSETS Current assets Cash and cash equivalents $ 96,562 $ 90,929 Accounts receivable, net of allowance for doubtful accounts of $361 (December 31, 2007 - $605) 16,780 17,990 Unbilled revenue 1,017 1,195 Prepaid expenses 2,828 2,361 Inventory 257 242 Income tax recoverable 77 1,073 Deferred income tax asset, current 2,657 3,246 ----------- ----------- Total current assets 120,178 117,036 Property, plant and equipment, net of accumulated depreciation of $14,168 (December 31, 2007 - $13,004) 15,068 13,629 Goodwill 15,996 15,996 Other intangible assets, net of accumulated amortization of $5,130 (December 31, 2007 - $4,734) 9,265 9,661 Deferred income tax asset 3,444 3,157 ----------- ----------- Total assets $ 163,951 $ 159,479 ----------- ----------- ----------- ----------- LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable $ 750 $ 1,344 Salaries and wages payable 2,958 2,909 Accrued liabilities 5,099 4,807 Pharmacy benefit management rebates payable 4,178 2,766 Pharmacy benefit claim payments payable 1,821 2,059 Deferred revenue 6,004 6,750 ----------- ----------- Total current liabilities 20,810 20,635 Accrued liabilities 781 764 Deferred income tax liability 1,091 1,091 Deferred revenue 214 223 Deferred lease inducements 3,132 3,222 Deferred rent 1,113 1,087 ----------- ----------- Total liabilities 27,141 27,022 ----------- ----------- Shareholders' equity Common stock: no par value, unlimited shares authorized; 21,014,942 issued and outstanding at March 31, 2008 (December 31, 2007 - 20,985,934) 103,823 103,520 Additional paid-in capital 8,992 8,299 Retained earnings 23,995 20,638 ----------- ----------- Total shareholders' equity 136,810 132,457 ----------- ----------- Total liabilities and shareholders' equity $ 163,951 $ 159,479 ----------- ----------- ----------- ----------- SXC HEALTH SOLUTIONS CORP. Consolidated Statements of Operations (in thousands of U.S. dollars except share data) Three months ended March 31, 2008 2007 ----------- ----------- (unaudited) Revenue: Transaction processing $ 14,648 $ 13,832 Maintenance 4,210 4,075 Professional services 3,791 3,305 System sales 1,668 3,110 ----------- ----------- Total revenue 24,317 24,322 Cost of revenue 10,837 9,675 ----------- ----------- Gross profit 13,480 14,647 Expenses: Product development costs 2,458 2,938 Selling, general and administration 5,871 6,190 Depreciation of property, plant and equipment 762 578 Amortization of intangible assets 396 396 ----------- ----------- 9,487 10,102 ----------- ----------- Income before the undernoted 3,993 4,545 Interest income (1,053) (1,058) Interest expense 34 31 ----------- ----------- Net interest income (1,019) (1,027) Net loss(gain) on disposal of capital assets - 133 Other (income) expense 6 (1) ----------- ----------- Income before income taxes 5,006 5,440 Income tax expense (recovery): Current 1,382 1,846 Deferred 267 (139) ----------- ----------- 1,649 1,707 ----------- ----------- Net income and comprehensive income $ 3,357 $ 3,733 ----------- ----------- ----------- ----------- Earnings per share: Basic $ 0.16 $ 0.18 Diluted $ 0.16 $ 0.17 Weighted average number of shares used in computing earnings per share: Basic 20,995,688 20,552,304 Diluted 21,489,156 21,747,608 SXC HEALTH SOLUTIONS CORP. Consolidated Statements of Cash Flows (in thousands of U.S. dollars) Three months ended March 31, 2008 2007 ----------- ----------- (unaudited) Cash flow from operations: Net income $ 3,357 $ 3,733 Items not involving cash, net of effects from acquisition: Stock-based compensation 779 403 Depreciation of property, plant and equipment 1,164 939 Amortization of intangible assets 396 396 Deferred lease inducements and rent (64) 189 Loss on disposal of property, plant & equipment - 133 Deferred income taxes 302 381 Loss (gain) on foreign exchange 14 (13) Changes in operating assets and liabilities: Accounts receivable 1,210 (1,411) Unbilled revenue 178 (597) Prepaid expenses (467) 522 Inventory (15) (23) Income tax recoverable 996 - Income taxes payable - 1,677 Accounts payable (594) 1,304 Accrued liabilities 358 (2,300) Deferred revenue (755) 370 Pharmacy benefit claim payments payable (238) 2,755 Pharmacy benefit management rebates payable 1,412 1,349 ----------- ----------- Net cash provided by operations 8,033 9,807 Cash flow from investing activities: Purchase of property, plant and equipment (2,603) (4,890) Lease inducements received - 247 Proceeds from disposal of property, plant and equipment - 9 ----------- ----------- Net cash used in investing activities (2,603) (4,634) Cash flow from financing activities: Proceeds from exercise of options 195 838 Tax benefit on option exercises 22 - ----------- ----------- Net cash provided by financing activities 217 838 Effect of foreign exchange on cash balances (14) 13 ----------- ----------- Increase in cash and cash equivalents 5,633 6,024 Cash and cash equivalents, beginning of period 90,929 70,943 ----------- ----------- Cash and cash equivalents, end of period $ 96,562 $ 76,967 ----------- ----------- ----------- -----------

SXC Health Solutions, Inc.

CONTACT: Jeff Park, Chief Financial Officer, SXC Health Solutions Corp.,
Tel: (630) 577-3206, investors@sxc.com; Dave Mason, Investor Relations -
Canada, The Equicom Group Inc., (416) 815-0700 ext. 237,
dmason@equicomgroup.com; Susan Noonan, Investor Relations - U.S., The SAN
Group, LLC, (212) 966-3650, susan@sanoonan.com

Digital Realty Trust, Inc. Reports First Quarter 2008 ResultsCompany reports FFO per diluted share and unit of $0.58, up 9.4% from previous quarter, and raises guidanceHighlights:- Reported FFO of $0.58 per diluted share for the first quarter, up 9.4% from the fourth quarter 2007 and up 16.0% from the first quarter of 2007.- Reported net income for the first quarter of $11.1 million and net income available to common stockholders of $2.9 million, or $0.04 per diluted share, compared to net income in the fourth quarter of 2007 of $5.6 million and net income available to common stockholders of $0.3 million, or $0.00 per diluted share, and net income in the first quarter of 2007 of $22.1 million and net income available to common stockholders of $18.6 million, or $0.32 per diluted share.- Raised FFO guidance by $0.05 per share and unit for 2008 to $2.35 - $2.45 per diluted share and unit.- Commenced leases on approximately 334,800 square feet during the first quarter at an average annualized GAAP rent of $100.00 per square foot.- Signed leases on approximately 260,200 square feet in the first quarter at an average annualized GAAP rent of over $75.00 per square foot.- Completed a public offering of 13.8 million shares of Series D Cumulative Convertible Preferred Stock, generating approximately $333.6 million in net proceeds.

SAN FRANCISCO, May 8 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. , the leading owner and manager of corporate and Internet gateway datacenter facilities, today announced financial results for its first quarter ended March 31, 2008. The Company reported operating revenue of $114.5 million in the first quarter of 2008. For the first quarter of 2008, net income was $11.1 million and net income available to common stockholders was $2.9 million, or $0.04 per diluted share. This compares to net income in the fourth quarter of 2007 of $5.6 million and net income available to common stockholders of $0.3 million, or $0.00 per diluted share, and net income in the first quarter of 2007 of $22.1 million and net income available to common stockholders of $18.6 million, or $0.32 per diluted share. Excluding the gain on sale of $18.0 million and related minority interests, net income available to common stockholders in the first quarter of 2007 would have been approximately $3.6 million or $0.06 per diluted share.

Funds from operations ("FFO") was $43.0 million in the first quarter in 2008, or $0.58 on a diluted per share and unit basis, up 9.4% from $0.53 per diluted share and unit in the previous quarter; and up 16.0% from $0.50 per diluted share and unit in the first quarter of 2007. FFO is a supplemental non-GAAP financial measure used by the real estate industry to measure the operating performance of real estate companies. FFO should not be considered as a substitute for net income determined in accordance with U.S. GAAP as a measure of financial performance. A reconciliation from U.S. GAAP net income available to common stockholders to FFO and a definition of FFO are included as an attachment to this press release.

"Our exceptional performance in the first quarter of 2008 reflects our ability to meet the strong demand for datacenter space even under challenging economic conditions. We are continuing to experience demand from customers across a variety of industry sectors, including financial services, Internet enterprise, system integrators and Fortune 1000 companies, for both our Turn- Key Datacenter(TM) and Powered Base Building(TM) solutions," commented Michael F. Foust, Chief Executive Officer of Digital Realty Trust. "In addition, we recently completed a new research study which indicates a significant increase in the number of datacenter projects planned by U.S. corporations during the coming 12 months. The detailed results of this study will be made available in a separate press release to be issued later today."

"The $0.58 of FFO per diluted share and unit includes approximately $0.02 of additional FFO from non-recurring items," added A. William Stein, Chief Financial Officer and Chief Investment Officer of Digital Realty Trust. "We continue to maintain a strong balance sheet and currently have $474.8 million of immediate liquidity under our revolving credit facility and the ability to borrow an additional $250.0 million as secured debt to fund our planned expenditures to grow the Company. Because of the results of our leasing activities and a reduction in expected G&A expenses, we are increasing our FFO guidance for 2008 by $0.05 per share."

Acquisition and Leasing Activity

On February 14, 2008, the Company acquired 365 South Randolphville Road, a 265,000 square foot redevelopment project located in Piscataway, New Jersey, adjacent to the Company's 3 Corporate Place facility. The newly acquired property is capable of supporting up to 150,000 square feet of technical datacenter space. The Company intends to make base building improvements and upgrade power to the building with initial plans to build-out two Turn-Key Datacenters(TM), totaling approximately 20,000 square feet of raised floor.

The Company is expecting to complete during the next week the acquisition of 650 Randolph Road in Franklin Township, New Jersey. The recently completed purpose-built datacenter shell totals 127,800 square feet, which is capable of supporting approximately 70,000 square feet of raised floor. The Company plans to contribute the property to its redevelopment inventory and make additional improvements to the building to meet its Powered Base Building(TM) specifications. Upon completion of the base building improvements, the Company plans to market the facility to financial service companies, system integrators and other Fortune 1000 companies looking for large blocks of high quality datacenter space in the Metro New York market.

As of May 8, 2008, the Company's portfolio comprises 71 properties, excluding one property held in a consolidated joint venture, consisting of 93 buildings totaling approximately 12.7 million rentable square feet, including 1.9 million square feet of space held for redevelopment. The portfolio is strategically located in 26 key technology markets throughout North America and Europe.

The Company commenced leases during the quarter totaling approximately 334,800 square feet of space. This includes 256,200 square feet of Turn-Key Datacenter(TM) space leased at an average annual GAAP rental rate of $119.25 per square foot, 46,300 square feet of Powered Base Building(TM) space leased at an average annual GAAP rental rate of $52.42 per square foot, and 32,300 square feet of non-technical space leased at an average annual GAAP rental rate of $19.31 per square foot.

In addition, the Company signed leases during the quarter totaling 260,200 square feet of space. This includes 106,400 square feet of Turn-Key Datacenter(TM) space leased at an average annual GAAP rental rate of $100.05 per square foot, nearly 120,000 square feet of Powered Base Building(TM) space leased at an average annual GAAP rental rate of $67.60 per square foot, and 33,800 square feet of non-technical space leased at an average annual GAAP rental rate of $25.93 per square foot.

Balance Sheet Update

Total assets grew to approximately $2.9 billion at March 31, 2008, from $2.8 billion at December 31, 2007. Total debt at March 31, 2008 was approximately $1.2 billion compared to $1.4 billion at December 31, 2007. Stockholders' equity was approximately $1.4 billion, up from $1.0 billion at December 31, 2007, primarily due to the public offering of Series D Cumulative Convertible Preferred Stock.

On February 6, 2008 the Company completed a public offering of 13,800,000 shares of Series D Cumulative Convertible Preferred Stock, including the over- allotment option that was exercised, which generated approximately $333.6 million in net proceeds. The Company utilized the net proceeds from the offering to temporarily repay borrowings under its revolving credit facility, to fund acquisitions, development and redevelopment activities, and for general corporate purposes. The Series D Cumulative Convertible Preferred Stock pays dividends quarterly at a rate of 5.500% per year on its $25.00 liquidation preference. The Series D Cumulative Convertible Preferred Stock is convertible, at the holder's option, at an initial conversion rate of 0.5955 common shares per $25.00 liquidation preference (or an initial conversion price of $41.98 per common share), subject to adjustment upon the occurrence of certain events. The initial conversion price represents a 17.5% conversion premium over the closing sale price of the Company's common shares on the New York Stock Exchange on January 31, 2008, the day the offering was priced, which was $35.73 per share.

2008 Revised Outlook

FFO per diluted share and unit for the year ending December 31, 2008 is projected to be between $2.35 and $2.45, increasing from the previous 2008 FFO guidance of between $2.30 and $2.40 per diluted share and unit. This revised guidance represents projected FFO growth of 14.6% to 19.5% over FFO per diluted share and unit of $2.05 for the year ended December 31, 2007. A reconciliation of the range of 2008 projected net income to projected FFO follows:

(Low - High) Net income available to common stockholders per diluted share $0.40 - 0.50 Add: Minority interest $0.02 Real estate depreciation and amortization $1.93 Projected FFO per diluted share $2.35 - 2.45

The revised 2008 guidance provided by Digital Realty Trust in this press release is based on the following assumptions as of May 8, 2008:

-- Total acquisitions for the full year in the range of $125 million to $185 million, consisting of $65 million to $75 million of vacant properties for its redevelopment program and $60 million to $110 million of income producing properties at average cash cap rate of 8.00%; -- The commencement of leases for approximately 890,000 square feet to 990,000 square feet of Turn-Key Datacenter(TM) and Powered Base Building(TM) space at an average annualized gross rent of $90 per square foot; -- The commencement of leases for 100,000 square feet to 125,000 square feet of basic commercial space at an average annualized gross rent of $19 per square foot; -- Total capital expenditures for its redevelopment program of $550 million; and -- Total G&A of $41 million. Investor Conference Call Details

Digital Realty Trust will host a conference call to discuss its 2008 first quarter results today, Thursday, May 8, 2008 at 1:00 p.m. ET/10:00 a.m. PT. To participate in the live call, investors are invited to dial 800-240-7305 (for domestic callers) or 303-262-2140 (for international callers) at least five minutes prior to start time. A live webcast of the call will be available via the Investor Relations section of Digital Realty Trust's website at http://www.digitalrealtytrust.com/. Please go to the website at least 15 minutes early to register and download and install any necessary audio software. If you are unable to listen to the live conference call, a telephone and webcast replay will be available after 12:00 pm PT on Thursday, May 8, 2008 until 11:59 pm PT on Thursday, May 15, 2008. The telephone replay can be accessed by dialing 1-800-405-2236 (for domestic callers) or 303-590-3000 (for international callers) and using reservation code 11111705#. A replay of the webcast will also be archived on Digital Realty Trust's website.

About Digital Realty Trust, Inc.

Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 71 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 12.7 million rentable square feet as of May 8, 2008, including 1.9 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 26 markets throughout North America and Europe. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com/.

Safe Harbor Statement

This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Such forward looking statements include statements related to the expected acquisition of the 650 Randolph Road property, the development plans for the 650 Randolph Road property and the 365 South Randolphville Road property, the demand for datacenter space and the Company's expected future financial and other results, and the assumptions underlying those expected results, for the year ending December 31, 2008, including projected FFO per diluted share and unit, projected net income, projected acquisitions, the mix of vacant and income producing properties to be acquired, the average cash cap rate of the income producing properties to be acquired, the commencement of leases for Turn-Key Datacenter(TM), Powered Base Building(TM) and basic commercial space, the projected rents associated with those leases, total capital expenditures for the Company's redevelopment program and total G&A expenses. These risks and uncertainties include adverse economic or real estate developments in the Company's markets or the technology industry; general economic conditions and the risk of recession; failure to obtain necessary outside debt, equity or other financing; defaults on or non-renewal of leases by tenants; increased interest rates and operating costs; failure to lease redeveloped or other vacant space; inability to manage domestic and international growth effectively; decreased rental rates or increased vacancy rates; impairments of or decreased property values for properties in the Company's portfolio, difficulties in identifying properties to acquire and completing acquisitions at acceptable return levels; failure to successfully operate acquired properties and operations, failure of acquired properties to perform as expected; failure to successfully redevelop properties acquired for such purposes; increased construction costs or construction delays; changes in foreign currency exchange rates; failure to maintain the Company's status as a REIT; environmental uncertainties and risks related to natural disasters; financial market fluctuations; risks of operating in foreign markets; and changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the United States Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2007 and subsequent reports on Form 10-Q and Form 8-K. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Digital Realty Trust, Inc. Consolidated Statements of Operations (in thousands, except share data) (unaudited) Three Months Ended March 31, 2008 March 31, 2007 Operating Revenues: Rental $92,746 $73,288 Tenant reimbursements 21,787 15,679 Other 14 - Total operating revenues 114,547 88,967 Operating Expenses: Rental property operating and maintenance 31,564 21,239 Property taxes 8,124 7,540 Insurance 1,205 1,426 Depreciation and amortization 39,137 29,399 General and administrative 8,845 7,210 Other 451 188 Total operating expenses 89,326 67,002 Operating income 25,221 21,965 Other Income (Expenses): Equity in earnings of unconsolidated joint venture 158 545 Interest and other income 655 513 Interest expense (14,632) (16,594) Income from continuing operations before minority interests 11,402 6,429 Minority interests in continuing operations of operating partnership (294) (501) Income from continuing operations 11,108 5,928 Income from discontinued operations before gain on sale of assets and minority interests - 1,370 Gain on sale of assets - 18,049 Minority interests attributable to discontinued operations - (3,261) Income from discontinued operations (1) - 16,158 Net income 11,108 22,086 Preferred stock dividends (8,258) (3,445) Net income available to common stockholders $2,850 $18,641 Net income per share available to common stockholders: Basic $0.04 $0.33 Diluted $0.04 $0.32 Weighted average shares outstanding: Basic 65,431,586 56,511,200 Diluted 67,142,783 58,424,427 (1) During 2007, we sold 100 Technology Center Drive (March 2007) and 4055 Valley View Lane (March 2007) We have presented all activity for these properties in Income from discontinued operations for all periods presented above. This will cause individual line items above to differ from previously published information but does not effect net income available to common stockholders. Digital Realty Trust Consolidated Balance Sheets (in thousands) March 31, 2008 December 31, 2007 ASSETS (unaudited) Investments in real estate Properties: Land $321,071 $316,196 Acquired ground leases 2,898 2,790 Buildings and improvements 2,075,030 1,968,850 Tenant improvements 194,797 193,436 Investments in properties 2,593,796 2,481,272 Accumulated depreciation and amortization (214,720) (188,099) Net investments in properties 2,379,076 2,293,173 Investment in unconsolidated joint venture 8,370 8,521 Net investments in real estate 2,387,446 2,301,694 Cash and cash equivalents 34,367 31,352 Accounts and other receivables, net 46,419 43,440 Deferred rent 72,664 64,639 Acquired above market leases, net 37,603 38,762 Acquired in place lease value and deferred leasing costs, net 245,609 253,642 Deferred financing costs, net 16,524 17,610 Restricted cash 37,448 41,302 Other assets 16,956 17,023 Total Assets $2,895,036 $2,809,464 LIABILITIES AND STOCKHOLDERS' EQUITY Revolving credit facility $114,759 $299,731 Mortgage loans 903,432 895,507 Exchangeable senior debentures 172,500 172,500 Accounts payable and other accrued liabilities 136,416 176,143 Accrued dividends and distributions - 22,345 Acquired below market leases, net 90,197 93,572 Security deposits and prepaid rents 26,990 27,839 Total Liabilities 1,444,294 1,687,637 Minority interests in consolidated joint venture 10,035 4,928 Minority interests in operating partnership 73,681 72,983 Stockholders' Equity 1,367,026 1,043,916 Total Liabilities and Stockholders' Equity $2,895,036 $2,809,464 Digital Realty Trust, Inc. Reconciliation of Net Income Available to Common Stockholders to Funds From Operations (FFO) (in thousands, except share and per share and unit data) (unaudited) Three Months Ended Year Ended March 31, December 31, March 31, December 31, 2008 2007 2007 2007 Net income available to common stockholders $2,850 $254 $18,641 $21,262 Adjustments: Minority interests in operating partnership including discontinued operations 294 28 3,762 4,073 Real estate related depreciation and amortization (1) 38,978 37,673 29,643 134,240 Real estate related depreciation and amortization related to investment in unconsolidated joint venture 894 919 1,036 3,934 Gain on sale of assets - - (18,049) (18,049) FFO available to common stockholders and unitholders $43,016 $38,874 $35,033 $145,460 Basic FFO per share and unit $0.60 $0.55 $0.52 $2.12 Diluted FFO per share and unit (2) $0.58 $0.53 $0.50 $2.05 Weighted average common stock and units outstanding Basic 72,175,492 71,120,114 67,917,387 68,754,024 Diluted (2) 82,523,539 73,303,696 69,830,614 70,805,807 (1) Real estate depreciation and amortization was computed as follows: Depreciation and amortization per income statement 39,137 37,818 29,399 134,394 Depreciation and amortization of discontinued operations - - 379 379 Non real estate depreciation (159) (145) (135) (533) $38,978 $37,673 $29,643 $134,240 (2) At 3/31/08, we had 7,000,000 series C convertible preferred shares and 13,800,000 series D convertible preferred shares outstanding that were convertible into 3,614,800 common shares and 8,217,900 common shares, respectively. See below for calculations of diluted FFO available to common stockholders and unitholders and weighted average common stock and units outstanding. Three Months Ended Year Ended March 31, December 31, March 31, December 31, 2008 2007 2007 2007 FFO available to common stockholders and unitholders $43,016 $38,874 $35,033 $145,460 Add: Series C convertible preferred dividends 1,914 - - - Add: Series D convertible preferred dividends 2,899 - - - FFO available to common stockholders and unitholders -- diluted $47,829 $38,874 $35,033 $145,460 Weighted average common stock and units outstanding 72,175,492 71,120,114 67,917,387 68,754,024 Add: Effect of dilutive securities (excluding series C and D convertible preferred stock) 1,711,197 2,183,582 1,913,227 2,051,783 Add: Effect of dilutive series C convertible preferred stock 3,614,800 - - - Add: Effect of dilutive series D convertible preferred stock 5,022,050 - - - Weighted average common stock and units outstanding -- diluted 82,523,539 73,303,696 69,830,614 70,805,807 Note Regarding Funds From Operations

Digital Realty Trust calculates Funds from Operations, or FFO, in accordance with the standards established by the National Association of Real Estate Investment Trusts, or NAREIT. FFO represents net income (loss) available to common stockholders and unitholders (computed in accordance with U.S. GAAP), excluding gains (or losses) from sales of property, real estate related depreciation and amortization (excluding amortization of deferred financing costs) and after adjustments for unconsolidated partnerships and joint ventures. Management uses FFO as a supplemental performance measure because, in excluding real estate related depreciation and amortization and gains and losses from property dispositions, it provides a performance measure that, when compared year over year, captures trends in occupancy rates, rental rates and operating costs. Digital Realty Trust also believes that, as a widely recognized measure of the performance of REITs, FFO will be used by investors as a basis to compare our operating performance with that of other REITs. However, because FFO excludes depreciation and amortization and captures neither the changes in the value of our properties that result from use or market conditions, nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties, all of which have real economic effect and could materially impact our results from operations, the utility of FFO as a measure of our performance is limited. Other REITs may not calculate FFO in accordance with the NAREIT definition and, accordingly, our FFO may not be comparable to such other REITs' FFO. Accordingly, FFO should be considered only as a supplement to net income as a measure of our performance.

For Additional Information: A. William Stein Pamela Matthews Chief Financial Officer and Investor/Analyst Information Chief Investment Officer Digital Realty Trust, Inc. Digital Realty Trust, Inc. +1 (415) 738-6500 +1 (415) 738-6500

Digital Realty Trust, Inc.

CONTACT: A. William Stein, Chief Financial Officer and Chief Investment
Officer, +1-415-738-6500, or Pamela Matthews, Investor\Analyst Information,
+1-415-738-6500, both of Digital Realty Trust, Inc.

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

Featured Stocks on Today's Edition of WallSt.net's 3-Minute Press Show: DTCT, FMNJ, ASWRF, LBWR

NEW YORK, May 8 /PRNewswire-FirstCall/ -- 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: -- Robert Rudman, Chief Financial Officer for Diatect International Corp. (OTCBB: DTCT) (http://www.diatect.com/) -- William Petty, Chairman and CEO of Franklin Mining, Inc. (Pink Sheets: FMNJ) (http://www.franklinmining.com/) -- Len Danard, President and CEO of Anglo Swiss Resources, Inc. (OTCBB: ASWRF) (http://www.anglo-swiss.com/) -- Dexter Morris, CEO of Labwire, Inc. (Pink Sheets: LBWR) (http://www.labwire.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 hub for original and syndicated business and finance videos. We have received two thousand five hundred dollars from Diatect International Corp. for media and advertising services. We have received one thousand four hundred eighty five dollars from Franklin Mining, Inc. for press release dissemination services. We have received four hundred ninety five dollars from Labwire, Inc. for the dissemination of this press release. We have received four hundred ninety five dollars from Anglo Swiss Resources, Inc. for the dissemination of this press release. 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 Diatect International Corp.

Diatect International Corporation is an emerging global provider of eco- friendly insecticides for agricultural, commercial, and at-home-use. The company's proprietary formulations are EPA-registered and uniquely balance maximum efficacy with ecological sensitivity. Diatect sells its product lines through wholesale distributors, retailers and the Internet. Diatect products represent the green generation of pest control. For more information, visit http://www.deadbugsnaturally.com/ or http://www.diatect.com/.

About Franklin Mining, Inc.

Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.

About Anglo Swiss Resources, Inc.

Anglo Swiss is a mineral exploration company focused on creating shareholder value through the acquisition and development of quality precious/base metal and gemstone properties that have undiscovered resource potential. The company is actively exploring and drilling its 100% owned, advanced staged Kenville Gold Property located in southeastern British Columbia with the goal of developing a world-class porphyry copper and gold deposit. The company is also in the process of exploring a diamondiferous bearing kimberlite property, known as the Fry Inlet Diamond Property, located in the Lac de Gras region of Canada's Northwest Territories. For further information, investors are asked to visit the Anglo Swiss Resources Investor Relations Hub at http://www.agoracom.com/IR/AngloSwiss or email ASW@agoracom.com.

About Labwire, Inc.

Labwire Inc., Headquartered in Houston, TX, provides secure and compliant employee drug screening and background checking services to Fortune 500 corporations via the Labwire(TM) Platform. Labwire(TM) is a proprietary, web- based application that streamlines the complex regulatory and record management activities associated with employee screening, delivering accurate timely results while eliminating service calls and paper trails. This comprehensive solution to managing employee screening services is the most efficient and cost-effective platform in the industry.

Contact WallSt.net 800-4-WALLST

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Energy Conversion Devices Reports Net Income of $0.17 Per Share on Revenues of $70 Million for Third Quarter Fiscal 2008- Company Reaches Profitability- Solar Gross Margin Exceeds 30 Percent- Internal Funding for Next 120MW Expansion

ROCHESTER HILLS, Mich., May 8 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) , the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced financial results for the third quarter and nine-month period ended March 31, 2008.

Total consolidated revenues for the quarter were $70 million, up 24 percent from second quarter revenues of $56.4 million, and 155 percent higher than third quarter fiscal 2007 revenues of $27.4 million. Solar product sales were $64.9 million, a 31 percent sequential increase and a 193 percent increase over the prior-year quarter.

Net income for the third quarter was $7.0 million, or $0.17 per share, compared to a net loss of $5.4 million, or $0.14 per share, in the second quarter of fiscal 2008, and a net loss of $6.9 million, or $0.17 per share, in the year-ago period. Third quarter results include preproduction costs of approximately $751,000 and restructuring charges of $2.4 million, representing $0.08 per share in the aggregate.

Gross margin on product sales in the solar business was 30.7 percent in the third quarter, compared with 19.2 percent in the second quarter. The gross margin improvement was driven by better factory utilization and yield, and favorable customer/product mix.

Mark Morelli, ECD's president and chief executive officer, commented, "I'm pleased to report that we've reached profitability, and we've done so through sustainable changes to our business. This is a key milestone in our company's history, and a testament to the commitment and hard work of our colleagues."

United Solar Ovonic produced 21.6 MWs in the third quarter and 47.4 MWs for the first nine months of the fiscal year. The company confirmed its plans to expand and add 120MWs of additional nameplate capacity to its existing Greenville facilities. ECD will be able to internally fund this expansion through available funds and cash flow from operations. This previously announced expansion will increase the company's nameplate capacity to approximately 300MWs by the end of fiscal year 2010.

"Our focused efforts are achieving tangible results. These include profitability driven by operational improvements, a substantial increase in sustainable gross margin, and $6 million in positive operating cash flow for the fiscal third quarter. Demand for our products continues to exceed available supply, and we are emphasizing take-or-pay agreements which give us better forward visibility, while ensuring supply to our strategic channel partners. These changes have strengthened our current financial position, positioned us for future profitable growth and give us the flexibility to internally fund our new 120MW expansion," added Mr. Morelli.

Nine Months Results

For the first nine months of fiscal 2008, total consolidated revenues were $173.5 million compared with $77.6 million for the first nine months of fiscal 2007, an increase of 124 percent. Solar product sales totaled $154.5 million in the first nine months of fiscal 2008, a 150 percent increase compared with $61.7 million last year.

For the nine-month period, the company reported a net loss of $6 million, or $0.15 per share, compared with the previous nine month's net loss of $12.1 million, or $0.31 per share. Restructuring costs for the first nine months of fiscal 2008 were $7.5 million. Preproduction costs for the year-to-date period were $5.6 million.

Fourth Quarter/Fiscal Year 2008 Updated Guidance

Total consolidated revenues are expected to be between $73 and $78 million for the fiscal fourth quarter ending June 30, 2008 and between $246 and $251 million for fiscal 2008. Solar product sales for the fourth quarter are expected to be $68 to $73 million, and $222 to $227 million for fiscal 2008. For the fourth quarter, ECD expects it will maintain the 30 to 31 percent gross margin it achieved in the third quarter. Restructuring costs are expected to be between $2 to $3 million for the fourth quarter and $10 to $11 million for fiscal 2008. Preproduction costs are expected to be approximately $1.5 to $2 million for the fourth quarter and between $7 and $8 million for fiscal 2008.

Conference Call / Webcast Details

Management of Energy Conversion Devices will review these financial results on a conference call on Thursday, May 8, 2008 at 10:00 a.m. ET. The dial-in number for the live audio call is 877-858-2512 or 706-634-6076 (international) with conference ID number 44703161. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations -- Conference Calls -- section of the company's website at http://www.ovonic.com/.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., May 10, 2008, and can be accessed by dialing (800) 642-1687 or (706) 645-9291 (international), with conference ID number 44703161. The webcast will also be archived on the company's website.

About Energy Conversion Devices

Energy Conversion Devices, Inc. (ECD) is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR(R) brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster, less expensive, and ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit http://www.ovonic.com/.

This release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to achieve sustainable profitability; our ability to maintain our customer relationships; our ability to expand our manufacturing capacity in a timely and cost-effective manner; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and the resolution of pending legal disputes. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.

ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In Thousands, Except Per Share Data) (Unaudited) Three Months Ended Nine Months Ended March 31, March 31, 2008 2007 2008 2007 Revenues Product Sales $65,366 $23,206 $159,391 $64,731 Royalties 1,537 769 4,044 2,397 Revenue from Product Development Agreements 2,691 2,887 8,490 8,750 Revenue from License Agreements 264 238 1,015 734 Other 124 329 533 947 Total Revenues 69,982 27,429 173,473 77,559 Expenses Cost of Product Sales 45,296 19,787 122,109 54,122 Cost of Revenues from Product Development Agreements 1,863 2,012 5,391 5,726 Product Development and Research 1,653 5,671 7,698 15,338 Preproduction Costs 751 491 5,575 1,595 Operating, Selling, General and Administrative (Net) (Including Patents) 12,461 10,448 37,082 26,977 Restructuring Charges 2,386 - 7,457 - Total Expenses 64,410 38,409 185,312 103,758 Income (Loss) from Operations 5,572 (10,980) (11,839) (26,199) Total Other Income 1,439 4,109 5,914 14,113 Net Income (Loss) before Income Taxes 7,011 (6,871) (5,925) (12,086) Income Taxes 37 - 94 - Net Income (Loss) $6,974 $(6,871) $(6,019) $(12,086) Basic Net Income (Loss) Per Share $.17 $(.17) $(.15) $(.31) Diluted Net Income (Loss) Per Share $.17 $(.17) $(.15) $(.31) Shares Used In Calculation of Net Loss Per Share Basic 40,317 39,517 40,100 39,295 Diluted 40,719 39,517 40,100 39,295 Non-GAAP Financial Measures

To supplement its financial statements presented in accordance with Generally Accepted Accounting Principles (GAAP) ECD uses the following measures (unaudited) as defined by the Securities and Exchange Commission as non-GAAP measures:

Three Months Ended Nine Months Ended March 31, March 31, 2008 2007 2008 2007 (In Thousands Except Per Share Data) Net Income (Loss) $6,974 $(6,871) $(6,019) $(12,086) Add: - Preproduction Costs 751 491 5,575 1,595 - Restructuring Charges 2,386 - 7,457 - Net Income (Loss) as Adjusted (Non-GAAP) $10,111 $(6,380) $7,013 $(10,491) Net Income (Loss) (Basic and Fully Diluted) Per Share as Reported $.17 $(.17) $(.15) $(.31) Net Income (Loss) (Basic and Fully Diluted) Per Share as Adjusted (Non-GAAP) $.25 $(.16) $.17 $(.27) ENERGY CONVERSION DEVICES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In Thousands) March 31, 2008 June 30, 2007 (Unaudited) ASSETS Cash and Cash Equivalents $80,690 $80,770 Restricted Investments 5,659 - Short-Term Investments 14,963 125,004 Accounts Receivable (Net) 44,204 36,498 Inventories 32,232 38,692 Assets Held for Sale 1,539 1,524 Property, Plant and Equipment (Net) 384,583 311,369 Other 41,274 6,822 TOTAL ASSETS $605,144 $600,679 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable and Other Liabilities $47,166 $42,940 Long-Term Liabilities 31,499 32,232 TOTAL LIABILITIES 78,665 75,172 STOCKHOLDERS' EQUITY 526,479 525,507 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $605,144 $600,679 ENERGY CONVERSION DEVICES INC. AND SUBSIDIARIES CONDENSED STATEMENTS OF CASH FLOWS (In Thousands) (Unaudited) Nine Months Ended March 31, 2008 2007 OPERATING ACTIVITIES: Net Loss $(6,019) $(12,086) Adjustments to Reconcile Net Loss to Net Cash Provided By (Used In) Operating Activities: Depreciation and Amortization 15,059 8,258 Bad Debt and Other Expenses 734 (55) Amortization of Premium (Discount) on Investments - (146) Allowance for Slow-Moving Inventory 1,793 1,421 Restructuring Charge 1,019 - Stock and Stock Options Issued for Services Rendered 1,506 1,455 Other (359) (1,478) Changes in Working Capital (1,064) 1,299 NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 12,669 (1,332) INVESTING ACTIVITIES: Increase in Restricted Investment (5,659) - Purchases of Property, Plant and Equipment (Including Construction in Progress) (Net) (88,375) (139,420) Proceeds from Sale of Investments 75,379 21,504 Payment to Ovonyx - (200) NET CASH USED IN INVESTING ACTIVITIES (18,655) (118,116) NET CASH PROVIDED BY FINANCING ACTIVITIES 5,971 8,308 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (65) (18) NET CASH FLOW (80) (111,158) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 80,770 164,962 CASH AND CASH EQUIVALENTS AT END OF PERIOD $80,690 $53,804 ENERGY CONVERSION DEVICES INC. AND SUBSIDIARIES SEGMENT REVENUE AND OPERATING INCOME/(LOSS) (In Thousands) (Unaudited) Three Months Ended March 31, 2008 2007 2008 2007 Revenues Income (Loss) from Operations United Solar Ovonic $66,736 $23,841 $13,735 $518 Ovonic Materials 3,178 3,442 940 (4,185) Corporate Activities 253 291 (9,175) (6,796) Consolidating Entries (185) (145) 72 (517) Consolidated $69,982 $27,429 $5,572 $(10,980) Nine Months Ended March 31, 2008 2007 2008 2007 Revenues Income (Loss) from Operations United Solar Ovonic $160,343 $66,895 $15,352 $2,870 Ovonic Materials 12,840 10,263 639 (10,957) Corporate Activities 797 890 (27,983) (16,527) Consolidating Entries (507) (489) 154 (1,585) Consolidated $173,473 $77,559 $(11,838) $(26,199) Segment Operations - United Solar Ovonic (In Thousands) (Unaudited) Three Months Ended Nine Months Ended March 31, March 31, 2008 2007 2008 2007 PV Product Sales $64,941 $22,143 $154,538 $61,715 Megawatts Produced 21.6 8.8 47.4 21.8 Megawatts Shipped 21.5 7.4 51.4 19.2 Cost of Product Sales $45,021 $18,303 $117,846 $50,298 Gross Margin $19,920 $3,840 $36,692 $11,417 Gross Margin % 30.7% 17.3% 23.7% 18.5% Other Revenues: Research and Development $1,795 $1,696 $5,805 $5,174 Other Operating Revenues - 2 - 6 Other Revenues Total 1,795 1,698 5,805 5,180 Total Revenues 66,736 23,841 160,343 66,895 Other Expenses: Research and Development 1,943 1,945 6,314 4,793 Preproduction 751 491 5,574 1,595 Operating, Selling, General and Administrative Expenses 5,286 2,584 15,257 7,339 Total Other Expenses 7,980 5,020 27,145 13,727 Income from Operations $13,735 $518 $15,352 $2,870 Segment Operations - Ovonic Materials (In Thousands) (Unaudited) Three Months Ended Nine Months Ended March 31, March 31, 2008 2007 2008 2007 Product Sales $425 $1,063 $4,872 $3,016 Cost of Product Sales 356 1,098 4,519 2,674 Other Revenues: Royalties 1,537 769 4,044 2,397 Research and Development 896 1,194 2,684 3,596 Licenses 264 238 1,015 734 Other Operating Revenues 56 178 225 520 Other Revenues Total 2,753 2,379 7,968 7,247 Total Revenues 3,178 3,442 12,840 10,263 Other Expenses: Research and Development 1,573 5,740 6,776 16,289 Operating, General and Administrative Expenses 309 789 906 2,257 Total Other Expenses 1,882 6,529 7,682 18,546 Income (Loss) from Operations $940 $(4,185) $639 $(10,957) Segment Operations - Corporate Activities (In Thousands) (Unaudited) Three Months Ended Nine Months Ended March 31, March 31, 2008 2007 2008 2007 Other Operating Revenues $253 $291 $797 $890 Other Expenses: Restructuring 2,386 - 7,457 - Operating, General and Administrative Expenses 7,042 7,087 21,323 17,417 Total Expenses 9,428 7,087 28,780 17,417 Loss from Operations $(9,175) $(6,796) $(27,983) $(16,527)

Energy Conversion Devices, Inc.

CONTACT: Mark Trinske, Vice President, Investor Relations & Corporate
Communications, Energy Conversion Devices, Inc., +1-248-299-6063

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

Concur to Present at Canaccord Adams On-Demand Software Conference

REDMOND, Wash., May 8 /PRNewswire-FirstCall/ -- Concur , the world's leading provider of on-demand Employee Spend Management services, today announced that Executive Vice President, Corporate Development John Torrey will deliver a presentation on behalf of the company at the Canaccord Adams On-Demand Software Conference on Thursday, May 15 at 11:30 a.m. EDT at The Waldorf Astoria Hotel in New York, NY. The live webcast and replay of the presentation will be available for a limited time at http://www.concur.com/investors.

About Concur

Concur is the world's leading provider of on-demand Employee Spend Management services. Concur enables organizations to globally control costs by automating the processes they use to manage employee spending. Concur's end-to-end solutions seamlessly unite online travel booking with automated expense claims, streamline meeting management and optimize the process of managing vendor payments, employee check requests and direct reimbursements. Organizations of all sizes trust Concur to help them control spend before it occurs while eliminating paper and optimizing supplier relations. Concur's unified approach to managing employee spend delivers a 360 degree view into all employee expenses, helping companies globally enforce policies and monitor vendor compliance, while delivering unprecedented control and valuable insight. Concur's suite of on-demand services reach millions of employees across thousands of organizations around the world -- streamlining business processes, reducing operating costs, improving internal controls and providing enhanced visibility and actionable expense analysis. More information about Concur is available at http://www.concur.com/.

Concur

CONTACT: media, Stefanie Johansen of Weber Shandwick, +1-425-452-5468,
SJohansen@WeberShandwick.com, for Concur; or investors, John Torrey of Concur,
+1-425-497-5986, john.torrey@concur.com

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

ATK Reports Strong FY08 Fourth Quarter and Year-end EarningsRaises FY09 EPS Guidance to $7.15 - $7.35Fourth Quarter Earnings Per Share up 17 Percent to $1.83; Full Year Earnings Per Share up 21 Percent to $6.43Fourth Quarter Net Income up 19 Percent to $64 Million; Full Year Net Income up 23 percent to $226 MillionFourth Quarter Sales up 12 Percent to More Than $1.1 Billion; Full Year Sales up 17 Percent to $4.2 BillionFY08 Orders Reach Record $6.5 Billion; Free Cash Exceeds $280 Million

MINNEAPOLIS, May 8 /PRNewswire-FirstCall/ -- Alliant Techsystems reported today that earnings per share (EPS) in the fourth quarter of fiscal year 2008, which ended on March 31, rose 17 percent over the prior-year quarter to $1.83. Sales for the quarter surpassed $1.1 billion, a 12 percent increase over the prior-year quarter. Net income for the quarter rose 19 percent to $64 million.

For the full-year, EPS increased 21 percent to $6.43 and sales were up 17 percent to $4.2 billion. The company reported full-year net income of $226 million, a 23 percent increase compared to the prior year, and year-end free cash flow of $282 million (see reconciliation table for details). The company recorded record orders for the year of $6.5 billion. Full-year margins increased to 10.5 percent, up from 9.5 percent in the prior year.

"2008 was another strong year for our company and our shareholders," said Dan Murphy, Chairman and CEO. "Our success in FY08 and the strength of our orders profile position us for continued double-digit earnings growth in FY09 and beyond."

SUMMARY OF REPORTED RESULTS

The following table presents the company's results for fiscal year 2008 and the fourth quarter ending March 31, 2008 (in thousands).

External Sales: Quarters Ended March 31, % 2008 March 31, 2007 $ Change Change ATK Armament Systems $405,204 $376,092 $29,112 7.7% ATK Launch Systems 286,387 277,557 8,830 3.2% ATK Mission Systems 437,552 354,752 82,800 23.3% Total external sales $1,129,143 $1,008,401 $120,742 12.0% Years Ended March 31, % 2008 March 31, 2007 $ Change Change ATK Armament Systems $1,476,716 $1,276,228 $200,488 15.7% ATK Launch Systems 1,217,461 1,078,194 139,267 12.9% ATK Mission Systems 1,477,548 1,210,650 266,898 22.0% Total external sales $4,171,725 $3,565,072 $606,653 17.0%

Income before Interest, Income Taxes, and Minority Interest (Operating Profit):

Quarters Ended % March 31, 2008 March 31, 2007 $ Change Change ATK Armament Systems $41,283 $34,064 $7,219 21.2% ATK Launch Systems 40,388 39,656 732 1.8% ATK Mission Systems 44,995 31,021 13,974 45.0% Corporate (6,706) (18,736) 12,030 Total $119,960 $86,005 $33,955 39.5% Years Ended % March 31, 2008 March 31, 2007 $ Change Change ATK Armament Systems $139,603 $112,614 $26,989 24.0% ATK Launch Systems 171,857 147,340 24,517 16.6% ATK Mission Systems 150,166 114,566 35,600 31.1% Corporate (24,531) (34,792) 10,261 Total $437,095 $339,728 $97,367 28.7% SEGMENT RESULTS

In FY08, ATK operated three principal business groups: Armament Systems (formerly known as Ammunition Systems); Launch Systems; and Mission Systems.

ATK ARMAMENT SYSTEMS

On April 1, the Ammunition Systems group name changed to the Armament Systems group. This change reflects the breadth of the group's business, which includes ammunition, medium-caliber gun systems, energetics, and accessories. Sales in the group increased eight percent to $405 million compared to $376 million in the prior-year quarter. The increase reflects continued strength in civil ammunition.

Earnings before interest, taxes, and minority interest (operating profit) rose 21 percent to $41 million from $34 million in the prior-year quarter, reflecting higher sales volume in civil ammunition, lower pension expenses, and the absence of prior-year costs associated with an energetics program. These were partially offset by higher raw material costs.

For the full year, sales in the Armament Systems group increased 16 percent to $1.5 billion compared to $1.3 billion in the prior year. Operating profit for the year increased 24 percent to $140 million, from $113 million in FY07.

ATK LAUNCH SYSTEMS

Sales in the Launch Systems group rose three percent to $286 million compared to $278 million in the prior-year quarter. The increase reflects higher sales in NASA programs, partially offset by anticipated lower sales in strategic propulsion programs. Operating profit was $40 million, up approximately $1 million from the prior-year quarter due to higher sales volume and lower pension expenses.

For the full year, sales in the Launch Systems group rose 13 percent to $1.2 billion, up from $1.1 billion in the prior year. Full-year operating profit rose 17 percent to $172 million compared to $147 million in the prior year.

ATK MISSION SYSTEMS

Sales in the Mission Systems group rose 23 percent to $438 million from $355 million in the prior-year quarter. Organic sales rose 10 percent, driven primarily by Ares I, advanced weapons, and composite structure sales. Sales from the acquisition of Swales Aerospace added $48 million to revenue, including revenue from a NASA service contract which is nearly complete. Operating profit increased sharply to $45 million, a 45 percent rise from the $31 million recorded in the prior-year quarter. The increase reflects higher organic sales, additional sales from Swales Aerospace and the absence of a one-time discretionary expense related to the pursuit of an advanced weapons program, and lower pension expenses.

For the full year, sales in the Mission Systems group rose 22 percent to $1.5 billion, compared to $1.2 billion in the prior year. Organic sales increased 11 percent while sales from the acquisition of Swales Aerospace contributed $134 million. Full-year operating profit rose 31 percent to $150 million from $115 million in the prior year.

CORPORATE AND OTHER

In the fourth quarter, corporate and other expenses totaled $7 million compared to $19 million in the prior-year period. The decrease was primarily the result of prior-year expenses related to the termination of an internal information system.

For the full year, corporate and other expenses totaled $25 million, compared to $35 million in the previous year. The decrease resulted from the same factors that drove the quarterly expenses.

OUTLOOK

The FY08 fourth-quarter and year-end results announced today do not include potential charges related to the previously announced intention to acquire the Information Systems and Geospatial businesses of MacDonald, Dettwiler and Associates. If the transaction does not close, ATK could incur a charge for transaction-related expenses that could be applied to the fourth quarter. Additionally, the company's FY09 guidance does not include any revenue, EBIT or free cash flow from the potential MDA acquisition.

ATK is raising its FY09 EPS guidance to a range of $7.15 - $7.35, up from its previous guidance of $7.10 - $7.30. The company continues to expect sales of approximately $4.5 billion, in line with long-term organic growth rates of 8-10 percent. Based primarily on increased operating efficiencies, with additional benefit from reduced pension expenses, the company projects FY09 operating margins to approach 11 percent.

In FY09, the company expects its average share count to be slightly more than 36 million. The effective tax rate for the year is expected to be approximately 37 percent. The tax rate assumes that the Federal R&D tax credit will be extended retroactively. Pension expenses are expected to be approximately $40 million. Capital expenditures in FY09 are anticipated to be approximately $115 million. ATK expects to generate free cash flow of approximately $260 million (see reconciliation table for details).

Reconciliation of Non-GAAP Financial Measures Free Cash Flow

Free cash flow is defined as cash provided by operating activities less capital expenditures. ATK management believes free cash flow provides investors with an important perspective on the cash available for debt repayment, share repurchase, and acquisitions after making the capital investments required to support ongoing business operations. ATK management uses free cash flow internally to assess both business performance and overall liquidity.

Projected Year Ended Year Ending March 31, March 31, 2008 2009 (in thousands) (in thousands) Cash provided by operating activities $382,751 $~375,000 Capital expenditures (100,709) ~(115,000) Free cash flow $282,042 $~260,000

ATK is a premier aerospace and defense company with more than 17,000 employees in 21 states and over $4.5 billion in revenue. News and information can be found on the Internet at http://www.atk.com/.

Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends, and uncertainties that could cause actual results to differ materially from those projected. Among these factors are: assumptions relating to the closing of the recently announced acquisition of MDA's Information Systems and Geospatial Services businesses including the timing of the transaction, financing, and transaction costs; delays in NASA's human-rated launch programs; changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; risks inherent in the development and manufacture of advanced technology; increases in commodity costs, energy prices, and production costs; the terms and timing of awards and contracts; program performance; program terminations; changes in cost estimates related to relocation of facilities; the outcome of contingencies, including litigation and environmental remediation; actual pension asset returns and assumptions regarding future returns, discount rates and service costs; the availability of capital market financing; changes to accounting standards; changes in tax rules or pronouncements; economic conditions; and the company's capital deployment strategy, including debt repayment, share repurchases, pension funding, mergers and acquisitions and any integration thereof. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.

Media Contact: Investor Contact: Bryce Hallowell Steve Wold Phone: 952-351-3087 Phone: 952-351-3056 E-mail: bryce.hallowell@atk.com E-mail: steve.wold@atk.com ALLIANT TECHSYSTEMS INC. CONSOLIDATED INCOME STATEMENTS (In thousands except per share data) QUARTERS ENDED YEARS ENDED March 31, March 31, March 31, March 31, 2008 2007 2008 2007 Sales $1,129,143 $1,008,401 $4,171,725 $3,565,072 Cost of sales 886,051 810,993 3,325,410 2,878,711 Gross profit 243,092 197,408 846,315 686,361 Operating expenses: Research and development 23,965 22,521 68,333 61,533 Selling 38,638 30,296 131,068 99,687 General and administrative 60,529 58,586 209,819 185,413 Total operating expenses 123,132 111,403 409,220 346,633 Income before interest, income taxes, and minority interest 119,960 86,005 437,095 339,728 Interest expense (17,567) (21,903) (81,578) (76,144) Interest income 425 469 1,431 1,212 Income before income taxes and minority interest 102,818 64,571 356,948 264,796 Income tax provision 38,506 10,346 130,306 80,217 Income before minority interest 64,312 54,225 226,642 184,579 Minority interest, net of income taxes (45) 127 376 451 Net income $64,357 $54,098 $226,266 $184,128 Earnings per common share: Basic $1.97 $1.64 $6.87 $5.43 Diluted 1.83 1.57 6.43 5.32 Average number of common shares 32,682 33,040 32,924 33,885 Average number of common and dilutive shares 35,112 34,553 35,208 34,591 ALLIANT TECHSYSTEMS INC. CONSOLIDATED BALANCE SHEETS (In thousands except share data) March 31, 2008 March 31, 2007 Assets Current assets: Cash and cash equivalents $119,773 $16,093 Net receivables 797,988 733,304 Net inventories 205,825 170,602 Deferred income tax assets 88,282 75,333 Other current assets 35,568 33,686 Total current assets 1,247,436 1,029,018 Net property, plant, and equipment 492,336 454,748 Goodwill 1,236,196 1,163,186 Prepaid and intangible pension assets 25,280 27,998 Deferred charges and other non-current assets 201,034 199,732 Total assets $3,202,282 $2,874,682 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $215,755 $153,572 Contract advances and allowances 81,624 80,904 Accrued compensation 147,287 123,696 Accrued income taxes 44,329 11,791 Other accrued liabilities 144,060 133,309 Total current liabilities 633,055 503,272 Long-term debt 1,455,000 1,455,000 Deferred income tax liabilities 38,316 22,278 Postretirement and postemployment benefits liabilities 138,378 163,709 Accrued pension liability 84,267 89,383 Other long-term liabilities 108,238 83,159 Total liabilities 2,457,254 2,316,801 Contingencies Common stock - $.01 par value Authorized - 90,000,000 shares Issued and outstanding 32,795,800 shares at March 31, 2008 and 33,075,268 at March 31, 2007 328 331 Additional paid-in-capital 467,857 477,554 Retained earnings 1,319,844 1,112,649 Accumulated other comprehensive loss (376,636) (424,075) Common stock in treasury, at cost, 8,759,261 shares held at March 31, 2008 and 8,479,793 at March 31, 2007 (666,365) (608,578) Total stockholders' equity 745,028 557,881 Total liabilities and stockholders' equity $3,202,282 $2,874,682 ALLIANT TECHSYSTEMS INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) YEARS ENDED March 31, 2008 March 31, 2007 Operating activities Net income $226,266 $184,128 Adjustments to net income to arrive at cash provided by operating activities: Depreciation 71,511 69,380 Amortization of intangible assets 5,975 6,772 Amortization of deferred financing costs 3,851 3,999 Write-off of debt issuance costs associated with convertible notes 5,600 - Deferred income taxes (15,742) 81,725 Loss on disposal of property 2,505 9,295 Minority interest, net of income taxes 376 451 Share-based plans expense 23,415 38,076 Excess tax benefits from share-based plans (9,459) (3,539) Changes in assets and liabilities: Net receivables (27,028) 5,605 Net inventories (33,608) (30,726) Accounts payable 49,066 (12,514) Contract advances and allowances 720 31,237 Accrued compensation (1,143) 5,470 Accrued income taxes 54,786 (5,312) Pension and other postretirement benefits 32,179 (348,303) Other assets and liabilities (6,519) 8,724 Cash provided by operating activities 382,751 44,468 Investing activities Capital expenditures (100,709) (81,086) Acquisition of business (103,685) - Proceeds from the disposition of property, plant, and equipment 362 603 Cash used for investing activities (204,032) (80,483) Financing activities Change in cash overdrafts - (63,036) Payments made on bank debt - (20,250) Payments made to extinguish debt - (225,346) Proceeds from issuance of long-term debt - 575,000 Purchase of call options - (50,850) Sale of warrants - 23,220 Payments made for debt issue costs (740) (10,564) Net purchase of treasury shares (100,068) (208,027) Proceeds from employee stock compensation plans 16,310 19,332 Excess tax benefits from share-based plans 9,459 3,539 Cash (used for) provided by financing activities (75,039) 43,018 Increase in cash and cash equivalents 103,680 7,003 Cash and cash equivalents - beginning of period 16,093 9,090 Cash and cash equivalents - end of period $119,773 $16,093

ATK

CONTACT: Media, Bryce Hallowell, +1-952-351-3087,
bryce.hallowell@atk.com, Investors, Steve Wold, +1-952-351-3056,
steve.wold@atk.com, both of Alliant Techsystems

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

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