Time Warner Telecom Reports Solid First Quarter 2008 Results- Grew quarterly Levered Free Cash Flow by 6 fold year over year -- Grew Modified EBITDA 22% year over year -- Demand from enterprise customers remains strong -

LITTLETON, Colo., May 12 /PRNewswire-FirstCall/ -- Time Warner Telecom Inc. , a leading provider of managed voice and data networking solutions for business customers, today announced its first quarter 2008 financial results, including $282.6 million of revenue, $93.4 million in Modified EBITDA(1) ("M-EBITDA") and a net loss of $.9 million.

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"This quarter was one of solid revenue growth and accelerated levered free cash flow," said Larissa Herda, Time Warner Telecom's Chairman, CEO and President. "The strength of our business is reflected in the fact that we exceeded our sequential trend for first quarter organic revenue growth as compared to the prior two years. Enterprise customers continue to require our network services as they drive to achieve operating efficiencies, maximize their IT budgets, address disaster recovery and business continuity requirements and webify their businesses. We see bandwidth demand continuing to be strong at a time when we are well positioned as a premier fiber based service provider in a shrinking marketplace of competitors with our capabilities, providing us a great opportunity to take market share."

Highlights for the Quarter For the quarter ending March 31, 2008, the Company -- -- Grew total revenue 8% year over year and 1% sequentially -- Grew enterprise revenue 16% year over year and 2% sequentially -- Grew enterprise revenue to 71% of total revenue from 67% in the same period last year -- Grew data and Internet revenue 33% year over year and 6% sequentially -- Grew M-EBITDA 22% year over year -- Achieved a 33.0% M-EBITDA margin, representing a 380 basis point improvement year over year -- Delivered $15.7 million of levered free cash flow(4), or a 6% levered free cash flow margin, which included $2.3 million for integration and branding expenditures. Excluding these items, the Company generated $18.0 million levered free cash flow Year over Year Results - First Quarter 2008 compared to First Quarter 2007 Revenue

Revenue for the quarter was $282.6 million representing a year over year increase of $21.2 million, or 8%. Key changes in revenue included:

-- $27.5 million increase in revenue from enterprise customers -- $4.6 million decrease in revenue from carriers, due to disconnects, including $2.4 million from one wireless customer, and repricing of renewed customer contracts, which outpaced new sales growth -- $1.7 million decrease in intercarrier compensation related to discontinuance of certain non-supported acquired products, as well as regulatory and contractual rate decreases

By product line, the percentage change in revenue year over year was as follows:

-- 33% increase for data and Internet services(5), which included growth due to success with Ethernet and IP-based product sales. Data and Internet services represented 33% of quarterly revenue compared to 27% last year -- 4% increase for voice services(6), which included strong growth due to bundled and other voice product sales. Voice services represented 29% of quarterly revenue compared to 31% last year -- 3% decrease for network services(7), which included disconnects and repricing of renewed customer contracts primarily from carrier customers partially offset by new customer sales. Network services represented 34% of quarterly revenue versus 38% a year ago -- 15% decrease in intercarrier compensation related to rate and product changes. Intercarrier compensation represented 4% of revenue for both the current quarter and the same period last year M-EBITDA and Margins

M-EBITDA grew to $93.4 million from $76.3 million for the quarter, a 22% increase, or $17.1 million over the same period last year. The increase in M-EBITDA primarily reflects solid revenue growth and integration cost synergies. Included in M-EBITDA are integration and branding expenses. Effective in 2008, the Company continues to separately track integration related capital expenditures but no longer is tracking any remaining operating-related integration expenses. Branding expenses totaled $.4 million for the current quarter and integration and branding expenses totaled $2.0 million for the same period last year.

Operating costs increased primarily reflecting higher employee costs, additional costs to launch new product capabilities in 14 acquired markets, and the impact of increased network access costs associated with additional sales, partially offset by integration cost synergies. Operating costs as a percent of revenue declined to 43% for the current period compared to 45% for the same period last year, reflecting synergies and scaling of the business.

Selling, general and administrative costs ("SG&A") increased primarily reflecting increased employee costs, including incentive-based compensation for sales employees due to higher sales, and non cash stock based compensation. Bad debt expense was $.9 million for the current quarter and the same period last year, representing less than 1% of quarterly revenue for both periods. SG&A costs as a percent of revenue declined to 26% for the current period as compared to 28% for the same period last year reflecting synergies and scaling of the business.

Modified gross margin(8) was 57.6% for the current quarter compared to 55.4%, a 220 basis point improvement from the same period last year. M-EBITDA margin for the quarter was 33.0% as compared to 29.2%, a 380 basis point improvement from the same quarter last year. The improvement in margins between periods primarily reflects synergies and scaling of the business.

The Company utilizes a fully burdened modified gross margin, including network costs, and personnel costs for customer care, provisioning, network maintenance, technical field and network operations, excluding non-cash stock-based compensation expense.

Net Loss

The Company's net loss was $.9 million, a loss of $.01 per share for the quarter compared to a net loss of $13.8 million, a loss of $.10 per share for the same period last year. The 93% improvement in the net loss primarily reflected strong M-EBITDA growth, partially offset by an increase in depreciation expense related to new capital assets placed in service, which was net of the impact of assets that became fully depreciated in the current quarter.

Sequential Results - First Quarter 2008 compared to Fourth Quarter 2007 Revenue

Revenue for the quarter was $282.6 million, as compared to $279.5 million for the fourth quarter of 2007, an increase of $3.1 million, or 1%. Key changes in revenue included:

-- $3.6 million increase in revenue from enterprise customers, reflecting strong seasonal growth offset by $1.5 million seasonal decline in usage-based revenue, and $.9 million net decrease in revenue from acquired customers due to discontinued products -- $.3 million decrease in revenue from carrier customers, including $.5 million of disconnects from one wireless customer -- $.2 million decrease in intercarrier compensation related primarily to regulatory rate decreases and a seasonal decline in usage partially offset by fluctuations in disputes

By product line, the percentage change in revenue sequentially was as follows:

-- 6% increase for data and Internet services, due to continued success with Ethernet and IP based product sales -- 2% decrease for voice services, due to a seasonal decline in usage and discontinuation of acquired products, partially offset by bundled and other voice product sales -- 1% decrease in network services primarily due to customer disconnects and repricing of contract renewals primarily for carrier customers, partially offset by ongoing customer sales -- 2% decrease in intercarrier compensation for rate changes and other fluctuations M-EBITDA and Margins

M-EBITDA was $93.4 million for the quarter, as compared to $93.3 million for the prior quarter. The Company's current quarter was impacted by seasonal trends which included a sequential cost increase due to resetting of payroll taxes and merit raises, and lower seasonal revenue growth associated with fewer selling days in the fourth quarter. The sequential impact in the current quarter for payroll taxes and merit raises was $3.4 million. Included in M-EBITDA are integration and branding expenses. Effective in 2008, the Company continues to separately track integration related capital expenditures but no longer is tracking any remaining operating-related integration expenses. Branding expenses totaled $.4 million for the current quarter and integration and branding expenses totaled $1.4 million for the prior quarter.

Operating costs as a percent of revenue were approximately 43% for both quarters. Operating costs increased for the quarter primarily reflecting an increase for payroll taxes and merit raises, partially offset by integration cost synergies. SG&A costs were 26% of revenue for both quarters. SG&A costs increased for the quarter primarily reflecting an increase in payroll taxes and merit raises, partially offset by a decrease in bad debt expense.

Modified gross margin was 57.6% compared to 57.7% for the prior quarter. M-EBITDA margin was 33.0% for the quarter, as compared to 33.4% in the prior quarter. The change in M-EBITDA and margins primarily reflects revenue growth and integration cost synergies offset by the seasonal effect of increased costs for payroll taxes and merit raises.

Net Loss

The Company's net loss was $.9 million, a loss of $.01 per share for the quarter compared to a net loss of $5.3 million, or a loss of $.04 per share for the prior quarter. The 82% improvement in net loss primarily reflected strong M-EBITDA and a decrease in depreciation expense related to assets which became fully depreciated in the current quarter.

M-EBITDA Margin Outlook

"In concert with our long-term perspective, we continue to invest in the business, and drive new sales opportunities, while balancing revenue growth, margins and cash flow," said Mark Peters, Time Warner Telecom's Executive Vice President and Chief Financial Officer. "We will continue to use this balanced approach as we remain focused on achieving mid-30% M-EBITDA margins during the summer of 2008. Our results were strong for the quarter and trends continue to be stable, however, we will continue to monitor our business for any signs of pressure related to the macroeconomic environment."

Monthly revenue churn was 1.1% for the current quarter as compared to 1.2% for the same quarter last year, and 1.0% for the fourth quarter of 2007. The Company continues to expect normal business fluctuations to impact sequential trends in revenue, margins and cash flow. This includes the timing of sales and installations, seasonality, disputes, repricing of contract renewals and ongoing revenue churn, which includes the impact from carrier customers related to their consolidation activities and network grooming.

Customer churn was 1.4% for both the current quarter and the same period last year and was 1.0% for the prior quarter. The Company experienced customer growth offset by churn primarily in the acquired customer base(2), relating to a planned program to migrate small acquired customers to its more advanced product suite. The Company expects ongoing customer churn throughout 2008 from very small, lower margin customers that fall below its service profile.

Time Warner Telecom will rebrand itself as tw telecom on July 1, 2008(9). The Company expects to spend $6 to $7 million in 2008 for branding related costs, which includes up to $2 million in capital expenditures associated with the name change.

Capital Expenditures

Excluding integration investments, capital expenditures were $57.7 million for the current quarter, compared to $49.2 million for the same period last year, and $61.8 million for the prior quarter. The increase in expenditures year over year was 17% reflecting strong customer driven success-based capital investments including expanded network capacity. Integration capital expenditures were $1.9 million for the quarter as compared to $5.9 million for the same period last year, and $4.8 million for the prior quarter.

For 2008, the Company expects total capital expenditures of $250 to $274 million, consisting of $10 to $14 million for integration and branding, and $240 to $260 million for its general operations which will primarily be used to fund growth opportunities.

Summary

"With a large national footprint of metro fiber networks, innovative product capabilities, growing bandwidth demand and a marketplace with fewer competitors with our capabilities than ever before, Time Warner Telecom is a powerful force in serving business customers," said Herda.

Time Warner Telecom Inc. plans to conduct a webcast conference call to discuss its earnings results on May 13 at 9:00 a.m. MDT (11:00 a.m. EDT). To access the webcast and the financial and statistical information to be discussed in the webcast, visit http://www.twtelecom.com/ under "Investor Relations."

(1) The Company uses a modified definition of EBITDA to eliminate certain non-cash and non-operating income or charges to earnings to enhance the comparability of its financial performance from period to period. Modified EBITDA (or "M-EBITDA") is defined as net income or loss before depreciation, amortization, accretion, impairment charges and other gains and losses, interest expense, debt extinguishment costs, interest income, income tax expense or benefit, cumulative effect of change in accounting principle, and non-cash stock-based compensation expense. (2) Acquired operations and acquired customer base reflect the acquisition of Xspedius Communications, LLC on October 31, 2006. (3) The Company defines unlevered free cash flow as Modified EBITDA less capital expenditures. Unlevered free cash flow is reconciled to Net Cash provided by (used in) operating activities in the supplemental information posted on the Company's website. (4) The Company defines levered free cash flow as Modified EBITDA less capital expenditures and net interest expense from operations (but excludes debt extinguishment costs). Levered free cash flow is reconciled to Net Cash provided by (used in) operating activities in the supplemental information posted on the Company's website. See the Supplemental Earnings information at http://www.twtelecom.com/ for more details on Levered Free Cash Flow margin and Levered Free Cash Flow margin excluding integration and branding costs. (5) Data and Internet services include services that enable customers to interconnect their internal computer networks and to access external networks, including Internet at high speeds using Ethernet protocol. Services include metro and wide area Ethernet, virtual private network solutions and Internet access. (6) Voice services contain traditional and next generation voice capabilities, including voice services from stand alone and bundled products, long distance, 800 services, and VoIP. (7) Network services include transmission speeds up to OC 192 to carrier and enterprise customers. These services transmit voice, data, image, as well as enable transmission for storage, using state-of-the-art fiber optics. (8) The Company defines modified gross margin as Total Revenue less operating costs excluding non-cash stock-based compensation expense. Modified gross margin is reconciled to gross margin in the financial tables. (9) The Company changed its corporate name to tw telecom inc. in March 2008, and is presently using its former name, Time Warner Telecom, Inc., as a trade name until July 1, 2008 in concert with its brand launch. Financial Measures

The Company provides financial measures using generally accepted accounting principles ("GAAP") as well as adjustments to GAAP measures to describe its business trends, including Modified EBITDA. Management believes that its definition of Modified EBITDA (see above) is a standard measure of operating performance and liquidity that is commonly reported and widely used by analysts, investors, and other interested parties in the telecommunications industry because it eliminates many differences in financial, capitalization, and tax structures, as well as non-cash and non-operating income or charges to earnings. Modified EBITDA is not intended to replace operating income (loss), net income (loss), cash flow, and other measures of financial performance and liquidity reported in accordance with GAAP. Management uses Modified EBITDA internally to assess on-going operations and it is the basis for various financial covenants contained in the Company's debt agreements. Modified EBITDA is reconciled to Net Loss, the most comparable GAAP measure, within the Consolidated Operations Highlights and in the supplemental information posted on the Company's website.

In addition, management uses unlevered and levered free cash flow, which measure the ability of M-EBITDA to cover capital expenditures. The Company uses these cash flow definitions to eliminate certain non-cash costs. Levered and unlevered free cash flow are reconciled to Net Cash provided by (used in) operating activities in the supplemental information posted on the Company's website. The Company also provides an adjustment to the measure gross margin by eliminating the impact of non-cash stock-based compensation expense related to the adoption of SFAS 123R. Management uses modified gross margin internally to assess on-going operations. Modified gross margin is reconciled to gross margin in the Consolidated Operations Highlights.

Forward Looking Statements

The statements in this press release concerning the outlook for 2008 and beyond, including expansion plans, growth prospects, expected margins, sales activity, timing of sales and installations, seasonality, disputes, repricing of contract renewals and ongoing revenue churn, expected cost synergies, integration and branding costs, integration activities and results and expected capital expenditures are forward-looking statements that reflect management's views with respect to future events and financial performance. These statements are based on management's current expectations and are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those in the forward looking statements include the risks summarized in the Company's filings with the SEC, especially the section entitled "Risk Factors" in its 2007 Annual Report on Form 10-K. Time Warner Telecom undertakes no obligations to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Time Warner Telecom

Time Warner Telecom Inc., headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, Time Warner Telecom delivers customers overall economic value, quality service, and improved business productivity. Time Warner Telecom will change its name to tw telecom inc. on July 1, 2008. Please visit http://www.twtelecom.com/ for more information.

Time Warner Telecom Inc. Consolidated Operations Highlights (Dollars in thousands) Unaudited (1) Three Months Ended March 31, 2008 2007 Growth% Revenue Network services $96,806 $99,970 -3% Data and Internet services 92,790 69,881 33% Voice services 83,073 79,930 4% Service Revenue 272,669 249,781 9% Intercarrier compensation 9,915 11,611 -15% Total Revenue $282,584 $261,392 8% Expenses Operating costs 120,821 117,380 3% Gross Margin 161,763 144,012 12% Selling, general and administrative costs 74,480 72,473 3% Depreciation, amortization, and accretion 69,859 66,140 6% Operating Income 17,424 5,399 223% Interest expense (20,679) (23,462) -12% Interest income 2,686 4,539 -41% Loss before income taxes (569) (13,524) -96% Income tax expense 375 285 32% Net Loss ($944) ($13,809) -93% SUPPLEMENTAL INFORMATION TO RECONCILE MODIFIED GROSS MARGIN AND MODIFIED EBITDA Gross Margin $161,763 $144,012 Add back non-cash stock-based compensation expense 925 852 Modified Gross Margin 162,688 144,864 12% Selling, general and administrative costs 74,480 72,473 Add back non-cash stock-based compensation expense 5,160 3,943 Modified EBITDA 93,368 76,334 22% Non-cash stock-based compensation expense 6,085 4,795 Depreciation, amortization, and accretion 69,859 66,140 Net Interest expense 17,993 18,923 Income tax expense 375 285 Net Loss ($944) ($13,809) Modified Gross Margin % 57.6% 55.4% Modified EBITDA Margin % 33.0% 29.2% Free Cash Flow: Modified EBITDA $93,368 $76,334 22% Less: Capital Expenditures 59,637 55,104 8% Unlevered Free Cash Flow 33,731 21,230 59% Less: Net interest expense 17,993 18,923 -5% Levered Free Cash Flow $15,738 $2,307 582% Expenses included in M-EBITDA reported above (2) Integration expenses (3) $0 $1,779 Branding expenses 381 212 Total $381 $1,991 Expenditures included in Capital Expenditures above (2) Integration costs $1,872 $5,866 (1) For complete financials and related footnotes, please refer to the Company's SEC filings. (2) Represents costs to integrate the acquired operations and execute a branding plan. All amounts are included in the reported results above. (3) Effective in 2008 the Company is no longer separately tracking operating-related integration expenses. Time Warner Telecom Inc. Consolidated Operations Highlights (Dollars in thousands) Unaudited (1) Three Months Ended March 31, December 31, 2008 2007 Growth% Revenue Network services $96,806 $97,340 -1% Data and Internet services 92,790 87,489 6% Voice services 83,073 84,546 -2% Service Revenue 272,669 269,375 1% Intercarrier compensation 9,915 10,101 -2% Total Revenue $282,584 $279,476 1% Expenses Operating costs 120,821 119,179 1% Gross Margin 161,763 160,297 1% Selling, general and administrative costs 74,480 72,846 2% Depreciation, amortization, and accretion 69,859 73,129 -4% Operating Income 17,424 14,322 22% Interest expense (20,679) (22,491) -8% Interest income 2,686 3,875 -31% Other income/(loss) - (607) -100% Loss before income taxes (569) (4,901) -88% Income tax expense 375 391 -4% Net Loss ($944) ($5,292) -82% SUPPLEMENTAL INFORMATION TO RECONCILE MODIFIED GROSS MARGIN AND MODIFIED EBITDA Gross Margin $161,763 $160,297 Add back non-cash stock-based compensation expense 925 948 Modified Gross Margin 162,688 161,245 1% Selling, general and administrative costs 74,480 72,846 Add back non-cash stock-based compensation expense 5,160 4,862 Modified EBITDA 93,368 93,261 0% Non-cash stock-based compensation expense 6,085 5,810 Depreciation, amortization, and accretion 69,859 73,129 Net Interest expense 17,993 18,616 Other income/(loss) - (607) Income tax expense 375 391 Net Loss ($944) ($5,292) Modified Gross Margin % 57.6% 57.7% Modified EBITDA Margin % 33.0% 33.4% Free Cash Flow Modified EBITDA $93,368 $93,261 0% Less: Capital Expenditures 59,637 66,587 -10% Unlevered Free Cash Flow 33,731 26,674 26% Less: Net interest expense 17,993 18,616 -3% Levered Free Cash Flow $15,738 $8,058 95% Expenses included in M-EBITDA reported above (2) Integration expenses (3) $0 $1,273 Branding expenses 381 81 Total $381 $1,354 Expenditures included in Capital Expenditures above (2) Integration costs $1,872 $4,783 (1) For complete financials and related footnotes, please refer to the Company's SEC filings. (2) Represents costs to integrate the acquired operations and execute a branding plan. All amounts are included in the reported results above. (3) Effective in 2008 the Company is no longer separately tracking operating-related integration expenses. Time Warner Telecom Inc. Highlights of Results Per Share Unaudited (1) (2) Three Months Ended 3/31/08 12/31/07 3/31/07 Weighted Average Shares Outstanding (thousands) Basic and Diluted 146,810 146,120 143,768 Basic and Diluted Income (Loss) per Common Share ($0.01) ($0.04) ($0.10) As of 3/31/08 12/31/07 3/31/07 Common shares (thousands) Actual Shares Outstanding 146,978 146,542 144,554 Options (thousands) Options Outstanding 12,828 11,508 12,559 Options Exercisable 7,403 7,195 7,642 Options Exercisable and In-the-Money 2,691 3,034 3,262 (1) For complete financials and related footnotes, please refer to the Company's SEC filings. (2) Stock options, restricted stock units and convertible debt subject to conversion were excluded from the computation of weighted average shares outstanding because their inclusion would be anti-dilutive. Time Warner Telecom Inc. Condensed Consolidated Balance Sheet Highlights (Dollars in thousands) Unaudited (1) March 31, December 31, 2008 2007 ASSETS Cash and equivalents $318,218 $321,531 Receivables 87,479 87,994 Less: allowance (11,064) (12,018) Net receivables 76,415 75,976 Other current assets 20,033 22,164 Property, plant and equipment 3,083,907 3,022,752 Less: accumulated depreciation (1,792,026) (1,727,852) Net property, plant and equipment 1,291,881 1,294,900 Other Assets 547,077 550,147 Total $2,253,624 $2,264,718 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable $45,448 $46,972 Deferred revenue 27,221 26,015 Accrued taxes, franchise and other fees 69,857 73,130 Accrued interest 9,624 16,707 Accrued payroll and benefits 34,919 36,560 Accrued carrier costs 45,551 50,898 Current portion of debt and lease obligations 7,586 7,337 Other current liabilities 29,912 30,647 Total current liabilities 270,118 288,266 Long-Term Debt and Capital Lease Obligations Floating rate senior secured debt - Term Loan B, due 1/7/2013 592,500 594,000 9 1/4% senior unsecured notes, due 2/15/2014 400,326 400,340 2 3/8% convertible senior debentures, due 4/1/2026 373,750 373,750 Capital lease obligations 9,531 9,565 Less: current portion (7,586) (7,337) Total long-term debt and capital lease obligations 1,368,521 1,370,318 Long-Term Deferred Revenue 19,243 19,672 Other Long-Term Liabilities 22,899 20,237 Stockholders' Equity 572,843 566,225 Total $2,253,624 $2,264,718 (1) For complete financials and related footnotes, please refer to the Company's SEC filings. Time Warner Telecom Inc. Condensed Consolidated Statements of Cash Flows (Dollars in thousands) Unaudited (1) Three Months Ended March 31, December 31, 2008 2007 Cash flows from operating activities: Net Loss ($944) ($5,292) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation, amortization, and accretion 69,859 73,129 Stock-based compensation 6,085 5,810 Deferred debt issue, extinguishment costs and other 583 1,191 Changes in operating assets and liabilities: Receivables, prepaid expense and other assets 1,683 8,551 Accounts payable, deferred revenue, and other liabilities (18,392) 12,462 Net cash provided by operating activities 58,874 95,851 Cash flows from investing activities: Capital expenditures (59,637) (66,041) Proceeds from maturities of investments - 50,420 Proceeds from sale of assets and other investing activities (2,387) (1,762) Net cash used in investing activities (62,024) (17,383) Cash flows from financing activities: Net proceeds from issuance of common stock upon exercise of stock options and in connection with the employee stock purchase plan 1,477 7,198 Payment of debt and capital lease obligations (1,640) (1,620) Net cash (used in) provided by financing activities (163) 5,578 Increase (decrease) in cash and cash equivalents (3,313) 84,046 Cash and cash equivalents at the beginning of the period 321,531 237,485 Cash and cash equivalents at the end of the period $318,218 $321,531 Supplemental disclosures of cash flow information: Cash paid for interest $27,546 $15,674 Addition of capital lease obligation - $546 Supplemental information to reconcile capital expenditures: Capital expenditures per cash flow statement $59,637 $66,041 Addition of capital lease obligation - 546 Total capital expenditures $59,637 $66,587 (1) For complete financials and related footnotes, please refer to the Company's SEC filings. Time Warner Telecom Inc. Selected Operating Statistics Unaudited (1) Three Months Ended 2007 2008 Mar. 31 Jun. 30 Sept. 30 Dec. 31 Mar. 31 Operating Metrics: Route Miles Metro 18,092 18,324 18,520 18,832 19,009 Regional 6,884 6,922 6,921 6,921 6,921 Total 24,976 25,246 25,441 25,753 25,930 Buildings (2) Fiber connected buildings, on-net 7,689 7,884 8,109 8,355 8,587 Networks Class 5 Switches 71 71 70 70 70 Soft Switches 35 35 35 36 36 Headcount Total Headcount 2,778 2,817 2,876 2,859 2,883 Sales Associates (3) 490 497 519 508 511 Customers Total Customers (4) 31,431 31,342 31,440 31,638 31,200 (1) For complete financials and related footnotes, please refer to the Company's SEC filings. (2) Fiber connected buildings (e.g. "on-net") represents customer locations to which the Company's fiber network is directly connected. (3) Includes Sales Account Executives and Customer Care Specialists. (4) Consolidated customer counts reflect higher churn for the acquired operations' customer segment as well as conversion of the acquired customer base to a common customer profile in the second quarter of 2007.

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PRN Photo Desk, photodesk@prnewswire.com Time Warner Telecom Inc.

CONTACT: investor relations, Carole Curtin, +1-303-566-1000,
carole.curtin@twtelecom.com, or media relations, Bob Meldrum, +1-303-566-1354,
bob.meldrum@twtelecom.com, both of Time Warner Telecom Inc.

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

Edward C. Grady is Elected to Advanced Energy Board of Directors

FORT COLLINS, Colo., May 12 /PRNewswire-FirstCall/ -- Advanced Energy Industries, Inc. today announced that Edward C. Grady was elected by the stockholders as a new director on May 7, 2008. Mr. Grady currently serves on the Board of Directors of Evergreen Solar, Inc., a developer and manufacturer of solar panels and other solar energy products; Verigy Ltd., a provider of automated test systems for the semiconductor industry; and Electro Scientific Industries, Inc., a supplier of production equipment for micro-engineering applications.

Hans Betz, president and chief executive officer of Advanced Energy, said, "We are pleased to welcome Ed to our Board. His extensive experience in our markets, particularly the solar market, will benefit Advanced Energy as we continue to grow."

Mr. Grady was the president and chief executive officer of Brooks Automation, Inc., a leading worldwide provider of automation solutions to the global semiconductor and related industries, until his retirement October 2007, and continues to serve as a senior executive consultant. Prior to joining Brooks he was a partner at Propel Partners, a venture firm in Palo Alto, California. Prior to this he ran several divisions at KLA-Tencor and helped to grow the business to a level in excess of $1 billion in revenues. Before KLA-Tencor, he served as president and CEO of Hoya Micro Mask for three years. He started his career as an engineer for Monsanto/MEMC, and during his 13 years with the company, rose to the position of vice president of worldwide sales for EPI, the most profitable division in MEMC.

About Advanced Energy

Advanced Energy(R) develops innovative power and control technologies that enable high-growth, plasma thin-film manufacturing processes worldwide, including semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications. Advanced Energy(R) also develops grid connect inverters for the solar energy market.

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PRN Photo Desk, photodesk@prnewswire.com Advanced Energy Industries, Inc.

CONTACT: Lawrence D. Firestone, +1-970-407-6570,
lawrence.firestone@aei.com, or Annie Leschin or Brooke Deterline,
+1-970-407-6555, ir@aei.com, all of Advanced Energy Industries, Inc.

Web site: http://www.advanced-energy.com/

Centillium Communications Announces First Quarter 2008 Financial Results

FREMONT, Calif., May 12 /PRNewswire-FirstCall/ -- Centillium Communications, Inc. , a leading provider of highly innovative communications processing technology, today announced financial results for the first quarter ended March 31, 2008.

Net revenues for the first quarter of 2008 were $6.1 million, compared with $8.6 million during the fourth quarter of 2007 and $10.6 million during the first quarter of 2007.

The GAAP gross margin was 56.7 percent (56.7 percent, non-GAAP) for the first quarter of 2008, compared with 168 percent (64.4 percent, non-GAAP) for the fourth quarter of 2007 and 52.1 percent (52.2 percent, non-GAAP) for the first quarter of 2007. Further information about non-GAAP measures is provided below.

Net income was $0.5 million on a GAAP basis, or $0.01 per share, for the first quarter of 2008, compared with net income of $2.4 million, or $0.06 per share, for the fourth quarter of 2007 and a net loss of $5.9 million, or $0.14 per share, for the first quarter of 2007. The GAAP net income for the first quarter of 2008 included an $8.1 million benefit from the gain on sale of our DSL related assets and restructuring expense of $2.3 million. The GAAP results for all periods include charges for stock-based compensation due to the adoption of SFAS 123R, effective Jan. 1, 2006.

Non-GAAP results were a net loss of $5.0 million, or a net loss of $0.12 per share, for the first quarter of 2008, compared with a net loss of $4.2 million, or a net loss of $0.10 per share, for the fourth quarter of 2007 and a net loss of $5.3 million, or $0.13 per share, for the first quarter of 2007. The non-GAAP results for the first quarter excludes the effect of the $8.1 million gain on sale of our DSL related assets; restructuring expense of $2.3 million; and stock-based compensation of $277,000. The non-GAAP results for the fourth quarter of 2007 exclude the effect of the $8.9 million benefit from the reversal of accrued royalties; restructuring expense related to surplus space of $518,000; stock-based compensation of $336,000; and a $1.4 million impairment of assets charge related to the sale of our DSL related assets. The non-GAAP results for the first quarter of 2007 exclude stock-based compensation of $587,000.

Total cash, short-term investments and restricted cash were $41.7 million at March 31, 2008, compared with $36.8 million at Dec. 31, 2007. The restricted cash included in the $41.7 million was $1.8 million at March 31, 2008.

"During the first quarter, we took significant steps to restructure our business," said Faraj Aalaei, co-founder and CEO. "Our operating expense reduction measures will generate substantial savings beginning in the third quarter of 2008, and we are excited about the expected growth from our two businesses, Voice-over-Internet Protocol (VoIP) and Optical."

Conference Call Information

A conference call to review the first quarter 2008 financial results will follow this press release today at 2:00 p.m. Pacific time/5:00 p.m. Eastern time. To listen to the call, please dial (210) 839-8948, passcode: Centillium. A replay will be made available approximately one hour after the conclusion of the call and will remain available for approximately one week. To access the replay, dial (203) 369-1682. The conference call will also be web cast over the Internet; visit the Investor Relations section of the Centillium Communications website at http://www.centillium.com/ to access the call from the website. This web cast will be recorded and available for replay on the Centillium website from approximately two hours after the conclusion of the conference call until June 30, 2008.

Non-GAAP Financial Measures

In this earnings press release and during the earnings conference call and webcast as described above, Centillium has supplemented and will supplement its reported GAAP financials with non-GAAP measures. Non-GAAP gross margin, operating expenses, net loss and net loss per share, where applicable, exclude the effect of stock-based compensation and, with respect to the three months ended Dec. 31, 2008, restructuring expense and the gain on sale of our DSL related assets; and with respect to the three months ended Dec. 31, 2007, the effect of the reversal of accrued royalties, an impairment of assets charge related to the sale of our DSL related assets and restructuring expense. The company uses the non-GAAP information internally to evaluate its continuing operational performance and its cash requirements and to determine incentive compensation, and believes these non-GAAP measures are useful to investors as they provide additional insight into the underlying operating results and the company's cash requirements and its ongoing performance in the ordinary course of its operations. However, non-GAAP measures are not stated in accordance with, should not be considered in isolation from and are not a substitute for GAAP measures, and our non-GAAP measures may be different from similarly titled non-GAAP measures reported by other companies. A reconciliation of GAAP to non-GAAP results is provided in the table immediately below the GAAP Consolidated Statements of Operations included in this earnings press release.

About Centillium Communications, Inc.

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

Safe Harbor Statement under Private Securities Litigation Reform Act of 1995

This press release includes statements that are forward-looking statements within the meaning of U.S. federal securities laws. For example, this press release speaks to Centillium's focus and expected growth in its Optical (FTTP) and VoIP businesses, and potential increases in customer base and market share. Actual results may differ materially from those indicated by such forward-looking statements based on a variety of risks and uncertainties, including without limitation the risk that Centillium's new focus on Optical and VoIP products will not be successful and that its growth expectations for those businesses will not be achieved; the risk that the anticipated expense savings and other anticipated benefits from Centillium's divestiture will be larger than currently anticipated; the possibility of business disruption resulting from the divestiture; as well as risks and uncertainties relating to the rate and breadth of deployment of broadband access in general, especially Optical (FTTP) and VoIP technologies, and Centillium's technology solutions in particular; the successful development and market acceptance of Centillium's new products and technology; Centillium's dependence on a few significant customers for a substantial portion of its revenue; Centillium's ability to continue and expand on its relationships with new customers; the timing, rescheduling or cancellation of significant customer orders and Centillium's ability, as well as the ability of its customers, to manage inventory; Centillium's ability to specify, develop or acquire, complete, introduce, market and transition to volume production new products and technologies in a cost-effective and timely manner; competitive pressures and other factors such as the qualification, availability and pricing of competing products and technologies and the resulting effects on sales and pricing of Centillium's products; the timing of customer-industry qualification and certification of Centillium's products and the risks of non-qualification or non-certification; Centillium's ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets; changes in Centillium's product or customer mix; the satisfactory completion of the audits of Centillium's financial statements and systems of internal control; intellectual property disputes and customer indemnification claims and other types of litigation risk; the effectiveness of Centillium's expense and product cost control and reduction efforts; and Centillium's ability to attract, retain and motivate qualified personnel, including executive officers and other key management and technical personnel. Centillium undertakes no obligation to update forward-looking statements for any reason. Information about potential factors that could affect Centillium's financial results is included in Centillium's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and in other documents on file with the Securities and Exchange Commission.

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

- Summary Financial Data Attached - CENTILLIUM COMMUNICATIONS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended March 31, December 31, March 31, 2008 2007 2007 (In thousands, except per share data) Net revenues $6,143 $8,593 $10,552 Cost of revenues (a) 2,662 3,053 5,058 Reversal of accrued royalties - (8,887) - Gross profit 3,481 14,427 5,494 Operating expenses: Research and development (a) 5,172 6,628 6,745 Selling, general and administrative (a) 3,878 3,825 4,991 Gain on sale of DSL related assets (8,106) - - Impairment of assets - 1,413 - Restructuring charges 2,274 518 - Total operating expenses 3,218 12,384 11,736 Operating income (loss) 263 2,043 (6,242) Interest income and other 350 456 677 Interest expense and other 56 6 (11) Income (loss) before provision for income taxes 557 2,493 (5,554) Provision for income taxes 50 97 334 Net income (loss) $507 $2,396 $(5,888) Basic net income (loss) per share $0.01 $0.06 $(0.14) Diluted net income (loss) per share $0.01 $0.06 $(0.14) Shares used to compute basic net income (loss) per share 41,720 41,633 41,149 Shares used to compute diluted net income (loss) per share 41,814 41,779 41,149 (a) Includes stock-based compensation as follows: Cost of revenues $5 $(4) $10 Research and development 110 101 241 Selling, general and administrative 162 239 336 $277 $336 $587 CENTILLIUM COMMUNICATIONS, INC. CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, December 31, 2008 2007 (In thousands, except share and per share data) ASSETS Current assets: Cash and cash equivalents $25,299 $32,596 Short-term investments 14,571 4,209 Accounts receivable - net of allowance for doubtful accounts of $17 at March 31, 2008 and $22 at December 31, 2007 3,096 3,635 Inventories 1,221 2,802 Prepaid software tools 816 1,430 Other current assets 1,326 1,377 Net assets held for sale - 706 Total current assets 46,329 46,755 Restricted cash 1,800 - Property and equipment, net 1,062 1,193 Other assets 680 678 Total assets $49,871 $48,626 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term borrowings $1,300 $1,500 Accounts payable 4,708 4,765 Accrued compensation and related expenses 2,814 3,869 Accrued restructuring, current portion 1,876 475 Accrued liabilities and other 11,882 11,333 Total current liabilities 22,580 21,942 Accrued restructuring, long-term portion 779 891 Other long-term liabilities 810 938 Stockholders' equity: Common stock; $0.001 par value: Authorized shares: 100,000,000; Issued and outstanding shares: 41,706,661 at March 31, 2008, 41,718,601 at December 31, 2007 42 42 Additional paid-in capital 254,820 254,537 Accumulated deficit (229,220) (229,727) Accumulated other comprehensive loss 60 3 Total stockholders' equity 25,702 24,855 Total liabilities and stockholders' equity $49,871 $48,626 CENTILLIUM COMMUNICATIONS, INC. Supplemental Reconciliation of GAAP Results to Non-GAAP (Unaudited) Three Months Ended March 31, December 31, March 31, 2008 2007 2007 (In thousands, except per share data) GAAP gross margin 56.7% 167.9% 52.1% Reversal of accrued royalties - -103.4% - Stock-based compensation - -0.1% 0.1% Non-GAAP gross margin 56.7% 64.4% 52.2% GAAP research and development expenses $5,172 $6,628 $6,745 Stock-based compensation 110 101 241 Non-GAAP research and development expenses $5,062 $6,527 $6,504 GAAP selling, general, and administrative expenses $3,878 $3,825 $4,991 Stock-based compensation 162 239 336 Non-GAAP selling, general, and administrative expenses $3,716 $3,586 $4,655 GAAP operating expenses $3,218 $12,384 $11,736 Stock-based compensation 272 340 577 Gain on sale of DSL related assets (8,106) - - Restructuring charges 2,274 518 - Impairment of assets - 1,413 - Non-GAAP operating expenses $8,778 $10,113 $11,159 GAAP net income (loss) $507 $2,396 $(5,888) Stock-based compensation 277 336 587 Gain on sale of DSL related assets (8,106) Reversal of accrued royalties - (8,887) - Restructuring charges 2,274 518 - Impairment of assets - 1,413 - Non-GAAP net income (loss) $(5,048) $(4,224) $(5,301) GAAP basic and diluted net income (loss) per share $0.01 $0.06 $(0.14) Stock-based compensation 0.01 0.01 0.01 Gain on sale of DSL related assets (0.19) - - Reversal of accrued royalties - (0.21) - Restructuring charges 0.05 0.01 - Impairment of assets - 0.03 - Non-GAAP net income (loss) $(0.12) $(0.10) $(0.13)

Centillium Communications, Inc.

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

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

Bally Technologies, Inc. Announces Record Earnings for Third Quarter Fiscal 2008 on Record Revenues of $233 Million- REPORTS $0.52 DILUTED EPS VERSUS $0.12 LAST YEAR AND OPERATING MARGIN OF 24 PERCENT VERSUS 10 PERCENT- SYSTEMS REVENUE UP 85 PERCENT TO RECORD $57 MILLION- FISCAL 2008 DILUTED EPS EXPECTED TO BE IN THE RANGE OF $1.78 TO $1.90- INITIATES FISCAL 2009 DILUTED EPS GUIDANCE IN THE RANGE OF $2.10 TO $2.50

LAS VEGAS, May 12 /PRNewswire-FirstCall/ -- Bally Technologies, Inc. , a leader in slots, video machines, casino management systems and networked solutions for the global gaming industry, announced today record diluted earnings per share ("Diluted EPS") for the three and nine months ended March 31, 2008 of $0.52 and $1.31, respectively, and record revenue of $232.6 million and $652.3 million, respectively. Diluted EPS adjusted for share-based compensation ("Adjusted EPS") for the three and nine months ended March 31, 2008 was $0.56 and $1.42, respectively.

"The continued momentum in all of our technology businesses drove record third-quarter earnings," said Richard M. Haddrill, the Company's Chief Executive Officer. "Another strong systems quarter reflects the continued demand for our Networked Floor of the Future technologies and vision highlighted by new customer contracts and demand for our iVIEW(TM) network that delivers interactive player content."

"Our gaming equipment division shipped over 7,300 sale units in the current quarter, which included a significant number of sale units delivered to a major domestic lottery that were not recognized in revenue in the current quarter," said Gavin Isaacs, the Company's Chief Operating Officer. "We are pleased with our steady increase in North America ship share, our ability to leverage our broad product portfolio for Class III, Class II, and central-determination markets, and the growth of international units to 25 percent of our total sale units in the current quarter. We attribute this success to our investments in game content and our recent investments in our international infrastructure."

Third Quarter Fiscal 2008 Highlights Three Months Ended Nine Months Ended March 31, March 31, 2008 2007 2008 2007 (dollars in millions, except per share amounts) Revenues: Bally Gaming and Systems $ 219.6 $ 162.2 $ 616.1 $ 443.9 Casino Operations 13.0 13.0 36.2 36.0 Total revenue $ 232.6 $ 175.2 $ 652.3 $ 479.9 Net income $ 30.2 $ 6.6 $ 75.9 $ 3.8 Adjusted EBITDA $ 74.2 $ 36.4 $ 196.6 $ 86.2 Diluted EPS $ 0.52 $ 0.12 $ 1.31 $ 0.07

Three Months Ended March 31, 2008 Compared with Three Months Ended March 31, 2007

-- Total revenues increased 33 percent to $232.6 million as compared with $175.2 million in the same period last year. -- Operating income increased by $36.5 million to $54.9 million as compared with $18.4 million in the same period last year. -- Operating margin was 24 percent in the three months ended March 31, 2008 as compared with 10 percent in the same period last year. -- Net income increased by $23.6 million to $30.2 million, as compared with $6.6 million in the same period last year. -- Adjusted EBITDA was $74.2 million, a 104-percent increase as compared with the same period last year. -- Selling, general and administrative ("SG&A") expenses declined to 26 percent of total revenue from 29 percent for the same period last year. SG&A expenses in the current quarter and year-to-date period benefited by $2.7 million from the resolution of table-technology disputes.

Nine Months Ended March 31, 2008 Compared with Nine Months Ended March 31, 2007

-- Total revenues increased 36 percent to $652.3 million as compared with $479.9 million in the same period last year. -- Operating income increased by $110.4 million to $142.8 million as compared with $32.4 million in the same period last year. -- Operating margin was 22 percent in the nine months ended March 31, 2008 as compared with 7 percent in the same period last year. -- Net income increased by $72.1 million to $75.9 million, as compared with $3.8 million in the same period last year. -- Adjusted EBITDA was $196.6 million, a 128-percent increase as compared with the same period last year. -- SG&A expenses declined to 27 percent of total revenue from 31 percent for the same period last year.

During the third quarter of fiscal 2008, the Company repurchased 280,000 shares of its common stock, at prices between $33.15 to $41.25, for total consideration of $10.7 million. Year to date, the Company has repurchased 429,253 shares for total consideration of $16.7 million. The Company has $64.3 million remaining available under its existing share repurchase authorization.

"Our third quarter results continue to show the improvements in our operating leverage," said Robert C. Caller, the Company's Chief Financial Officer. "Our operating income increased to 24 percent of revenue from 10 percent in the comparable period last year and from 20 percent in the December 2007 quarter despite the current economic environment and challenging replacement cycle."

Unaudited summary financial information for the Bally Gaming Equipment and Systems segment for the three and nine months ended March 31, 2008 and 2007 is presented below:

Three Months Ended March 31, % % 2008 Rev 2007 Rev Revenues: Gaming Equipment (1) $ 103.7 47 % $ 86.7 53 % Gaming Operations 58.9 27 % 44.7 28 % Systems (1) 57.0 26 % 30.8 19 % Total revenues $ 219.6 100 % $ 162.2 100 % Gross Margin: Gaming Equipment $ 45.5 44 % $ 30.6 35 % Gaming Operations 41.3 70 % 26.1 58 % Systems 40.2 71 % 23.4 76 % Total gross margin $ 127.0 58 % $ 80.1 49 % Selling, general and administrative $ 52.0 24 % $ 41.8 26 % Research and development costs 15.1 7 % 12.5 8 % Depreciation and amortization 3.7 2 % 5.2 3 % Operating income $ 56.2 25 % $ 20.6 13 % Nine Months Ended March 31, % % 2008 Rev 2007 Rev (dollars in millions) Revenues: Gaming Equipment (1) $ 296.4 48 % $ 219.4 50 % Gaming Operations 167.2 27 % 125.8 28 % Systems (1) 152.5 25 % 98.7 22 % Total revenues $ 616.1 100 % $ 443.9 100 % Gross Margin: Gaming Equipment $ 132.1 45 % $ 74.8 34 % Gaming Operations 108.7 65 % 72.5 58 % Systems 111.1 73 % 69.3 70 % Total gross margin $ 351.9 57 % $ 216.6 49 % Selling, general and administrative $ 143.6 23 % $ 124.0 28 % Research and development costs 43.1 7 % 38.4 9 % Depreciation and amortization 11.1 2 % 13.8 3 % Operating income $ 154.1 25 % $ 40.4 9 % (1) Gross Margin from Gaming Equipment and Systems excludes amortization related to certain intangibles, including core technology and license rights, which is included in depreciation and amortization. Three Months Ended Nine Months Ended March 31, March 31, 2008 2007 2008 2007 Operating Statistics: New gaming devices sold 6,742 6,032 19,037 14,131 Original Equipment Manufacturer ("OEM") units sold - - - 1,605 New unit Average Selling Price ("ASP") $13,427 $12,984 $13,281 $12,628 End-of-period installed base: Wide-area and local-area progressive systems 1,259 1,389 Rental and daily-fee games (1) 12,377 5,916 Lottery systems 7,980 7,736 Centrally determined systems (1) (2) 42,924 32,690 (1) Certain devices previously included in centrally determined systems that were converted to standalone devices have been reclassified to rental and daily-fee games. (2) Daily fee revenue from approximately 9,100 units included in centrally determined systems end-of-period installed base total as of March 31, 2008 are currently being deferred until completion of certain contractual commitments. There were no similar deferrals as of March 31, 2007. Highlights of Certain Results for the Three Months Ended March 31, 2008 Gaming Equipment -- Revenues increased 20 percent to approximately $103.7 million as compared with the same period last year. -- New gaming device sales increased 12 percent to 6,742 units as compared with 6,032 units in the same period last year. -- Average selling price ("ASP") of new gaming devices, excluding OEM sales, increased 3 percent as a result of product mix and price increases taking effect in the period. -- Gross margin increased from 35 percent in the same period last year to 44 percent, primarily due to the increase in ASP discussed above and improved purchasing and manufacturing efficiencies due to increased volumes and lower manufacturing costs due to the standardization of game platforms. Margins in the current quarter were negatively impacted by approximately $0.9 million in inventory charges associated with the consolidation of European inventories. Gaming Operations -- Revenues increased 32 percent to approximately $58.9 million as compared with the same period last year. -- Gross margin increased to 70 percent from 58 percent for the same period last year, principally due to increases in participation and rental revenue with a relatively fixed cost of operating expenses and a decrease in funding jackpot liabilities related to our wide- area progressives. -- Revenue and gross margin in fiscal 2007 included daily fees that relate to certain contracts which have been deferred in fiscal 2008 due to new contractual commitments made to the customers. Approximately $3.8 million in daily fees generated during the third quarter of fiscal 2008 were deferred pending delivery of the commitments. Systems -- Revenues increased 85 percent to approximately $57.0 million as compared with the same period last year, primarily as a result of continued acceptance of the Company's products including the Company's iVIEW(TM) player-communication devices and Power Bonusing(TM) software. -- Gross margin declined to 71 percent from 76 percent for the same period last year as a result of product mix. -- Maintenance revenues increased to approximately $10.0 million from approximately $8.5 million in the same period last year. -- As of March 31, 2008, the total number of iVIEW player- communication devices purchased and committed to be purchased was approximately 111,000 units. Highlights of Certain Results for the Nine Months Ended March 31, 2008 Gaming Equipment -- Revenues increased 35 percent to approximately $296.4 million as compared with the same period last year. -- New gaming device sales increased 35 percent to 19,037 units as compared with 14,131 units in the same period last year. -- ASP of new gaming devices, excluding OEM sales, increased 5 percent primarily due to product mix and price increases during the period. -- Gross margin increased to 45 percent from 34 percent in the same period last year, primarily due to the increase in ASP discussed above, the elimination of lower margin OEM sales, and improved purchasing and manufacturing efficiencies due to increased volumes and lower manufacturing costs due to the standardization of game platforms. Gaming Operations -- Revenues increased 33 percent to approximately $167.2 million as compared with the same period last year. -- Gross margin increased to 65 percent from 58 percent for the same period last year principally due to increases in participation and rental revenue with a relatively fixed cost of operating expenses. -- Revenue and gross margin in fiscal 2007 included daily fees that relate to certain contracts which have been deferred in fiscal 2008 due to new contractual commitments made to customers. Approximately $11.4 million in daily fees generated during the nine months ended March 31, 2008 were deferred pending delivery of the commitments. Systems -- Revenues increased 55 percent to approximately $152.5 million as compared with the same period last year primarily as a result of continued acceptance of the Company's products including iVIEW player-communication devices and Power Bonusing software. -- Gross margin increased to 73 percent from 70 percent in the same period last year primarily as a result of product mix. -- Maintenance revenues increased to approximately $28.8 million from approximately $24.0 million in the same period last year. Business Update -- Fiscal 2008 and 2009

The Company also announced it narrowed the range for fiscal 2008 guidance for Diluted EPS to $1.78 to $1.90, from an earlier range of $1.60 to $1.90. Adjusted EPS is now estimated between $1.93 to $2.05, from an earlier range of $1.75 to $2.05. The Company now expects revenue for fiscal 2008 to exceed $885 million, representing a 30-percent increase over fiscal 2007.

The Company initiated fiscal 2009 guidance for Diluted EPS of $2.10 to $2.50 and Adjusted EPS between $2.27 to $2.67.

The Company's fiscal 2009 Diluted EPS and revenue guidance anticipates continued year-over-year growth in each of game sales, gaming operations, and system revenues. The Company forecasts an increase in the placement of premium daily-fee games and rental games, a modest increase in the number of gaming devices sold with continued margin improvements on game sales, and continued growth in its system business. The Company also expects its selling, general and administrative expenses as a percentage of revenue to be lower in fiscal 2009 as compared with fiscal 2008 and expects improved operating margin in fiscal 2009 as compared with fiscal 2008.

The Company has provided this broad range of earnings guidance for fiscal 2009 to give investors general information on the overall direction of its business at this time. The guidance provided is subject to numerous uncertainties, including, among others, overall economic conditions, the market for gaming devices and systems, competitive product introductions, complex revenue recognition rules related to the Company's business, and assumptions about the Company's new product introductions and regulatory approvals. The Company may update this fiscal 2009 guidance from time to time as the year progresses.

Non-GAAP Financial Measures

The following table reconciles the Company's net income, as determined in accordance with generally accepted accounting principles ("GAAP"), to Adjusted EBITDA:

Three Months Ended Nine Months Ended March 31, March 31, 2008 2007 2008 2007 (in 000s) Net income $ 30,249 $ 6,582 $ 75,947 $ 3,838 Interest expense, net 5,494 6,976 17,997 23,773 Income tax expense 18,939 4,493 47,283 2,806 Depreciation and amortization 16,085 15,342 45,339 44,672 Share-based compensation 3,435 2,978 10,020 11,090 Adjusted EBITDA $ 74,202 $ 36,371 $ 196,586 $ 86,179

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, including asset charges and share-based compensation) is a supplemental non-GAAP financial measure used by the Company's management and is commonly used by industry analysts to evaluate the Company's financial performance. Adjusted EBITDA provides additional information about the Company's ability to service debt and is frequently used by investors and financial analysts in the gaming industry in measuring and comparing Bally's leverage, liquidity, and operating performance to other gaming companies. Adjusted EBITDA should not be considered an alternative to operating income or net cash from operations as determined in accordance with GAAP. Not all companies calculate Adjusted EBITDA the same way and the Company's presentation may be different from those presented by other companies.

The following table reconciles the Company's Diluted EPS, as determined in accordance with GAAP, to the Adjusted EPS:

Three Nine Months Months Ended Ended March 31, March 31, Fiscal 2008 Range Fiscal 2009 Range 2008 2008 Low High Low High Diluted EPS $ 0.52 $ 1.31 $1.78 $1.90 $ 2.10 $ 2.50 Share-based compensation, net of income tax benefit 0.04 0.11 0.15 0.15 0.17 0.17 Adjusted EPS $ 0.56 $ 1.42 $ 1.93 $ 2.05 $ 2.27 $2.67

The Company provides Adjusted EPS for the three months and nine months ended March 31, 2008 and the estimated range of Adjusted EPS for fiscal 2008 and 2009 in this press release as additional information regarding the Company's operating results for the three months and nine months ended March 31, 2008 and expected operating results for fiscal 2008 and 2009. Adjusted EPS adds back the impact of stock-based compensation, net of tax, to Diluted EPS as determined in accordance with GAAP. The Company believes that this presentation of Adjusted EPS facilitates investors' understanding of Bally's historical operating trends because it provides important supplemental information in evaluating the operating results of the business. Adjusted EPS is not an alternative to Diluted EPS as determined in accordance with GAAP.

Earnings Conference Call and Webcast

As previously announced, the Company is hosting a conference call and webcast at 4:30 p.m. EDT (1:30 p.m. PDT) on Monday, May 12. The conference-call dial-in number is 866-383-7998 or 617-597-5329 (passcode: Bally) and the webcast can be accessed by visiting http://www.ballytech.com/ and selecting "Investor Relations." Interested parties should initiate the call and webcast process at least five minutes prior to the beginning of the presentation. For those who miss this event, an archived version will be available at http://www.ballytech.com/ until June 11, 2008.

About Bally Technologies, Inc.

With a history dating back to 1932, Las Vegas-based Bally Technologies designs, manufactures, operates and distributes advanced gaming devices, systems and technology solutions worldwide. Bally's product line includes reel-spinning slot machines, video slots, wide-area progressives and Class II, lottery and central determination games and platforms. As the world's No. 1 gaming systems company, Bally also offers an array of casino management, slot accounting, bonusing, cashless and table management solutions. The Company also owns and operates the Rainbow Casino in Vicksburg, Miss. Additional Company information, including the Company's investor presentations, can be found at http://www.ballytech.com/.

This news release may contain "forward-looking" statements within the meaning of the Securities Act of 1933, as amended, and is subject to the safe harbor created thereby. Such information involves important risks and uncertainties that could significantly affect the results in the future and, accordingly, such results may differ from those expressed in any forward- looking statements. Future operating results may be adversely affected as a result of a number of risks that are detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update the information in this press release and represents that the information is only valid as of today's date.

Investor Contact: Robert Caller Media Contact: Laura Olson-Reyes (702) 584-7982 (702) 584-7742 rcaller@ballytech.com lolson-reyes@ballytech.com - BALLY TECHNOLOGIES, INC. - BALLY TECHNOLOGIES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended Nine Months Ended March 31, March 31, 2008 2007 2008 2007 (in 000s, except per share amounts) Revenues: Gaming equipment and systems $160,627 $117,513 $448,889 $318,108 Gaming operations 58,981 44,731 167,237 125,770 Casino operations 13,001 12,974 36,165 36,051 232,609 175,218 652,291 479,929 Costs and expenses: Cost of gaming equipment and systems (1) 74,918 63,452 205,720 174,001 Cost of gaming operations 17,691 18,645 58,507 53,311 Direct cost of casino operations 4,901 4,681 14,332 13,583 Selling, general and administrative 60,416 51,303 173,679 151,150 Research and development costs 15,103 12,536 43,059 38,399 Depreciation and amortization 4,725 6,236 14,175 17,111 177,754 156,853 509,472 447,555 Operating income 54,855 18,365 142,819 32,374 Other income (expense): Interest income 832 680 2,836 2,004 Interest expense (6,326) (7,656) (20,833) (25,777) Other, net 1,281 (37) 2,274 1,143 Income before income taxes and minority interest 50,642 11,352 127,096 9,744 Income tax expense (18,939) (4,493) (47,283) (2,806) Minority interest (1,454) (277) (3,866) (3,100) Net income $30,249 $6,582 $75,947 $3,838 Basic and diluted earnings per share: Basic earnings per share $0.55 $0.12 $1.40 $0.07 Diluted earnings per share $0.52 $0.12 $1.31 $0.07 Weighted average shares outstanding: Basic 54,576 53,220 54,335 53,062 Diluted 58,396 55,662 58,114 55,249 (1) Cost of gaming equipment and systems excludes amortization related to certain intangibles, including core technology and license rights, which are included in depreciation and amortization. BALLY TECHNOLOGIES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS March 31, June 30, 2008 2007 (in 000s, except share amounts) ASSETS Current assets: Cash and cash equivalents $36,042 $40,842 Restricted cash 13,571 17,201 Accounts and notes receivable, net of allowances for doubtful accounts of $11,553 and $8,481 209,688 172,060 Inventories 91,154 81,151 Deferred tax assets, net 62,896 59,486 Deferred cost of revenue 61,751 36,744 Other current assets 19,415 14,399 Total current assets 494,517 421,883 Long-term investments (restricted) 10,803 10,455 Long-term receivables 7,988 9,840 Property, plant and equipment, net of accumulated depreciation of $57,270 and $46,320 72,494 75,623 Leased gaming equipment, net of accumulated depreciation of $88,553 and $73,396 92,132 67,965 Goodwill 162,728 161,708 Intangible assets, net of accumulated amortization of $29,203 and $24,543 30,503 24,401 Deferred tax assets, net 24,129 18,457 Long-term deferred cost of revenue 35,161 28,376 Other assets, net 5,582 6,187 Total assets $936,037 $824,895 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $40,568 $44,045 Accrued liabilities 52,611 56,427 Customer deposits 23,863 23,489 Jackpot liabilities 13,471 13,414 Deferred revenue 127,459 94,347 Income taxes payable 2,254 12,945 Current maturities of long-term debt and capital leases, including $2,800 and $2,381 owed to related parties 13,535 12,271 Total current liabilities 273,761 256,938 Long-term debt and capital leases, net of current maturities, including $2,800 and $7,600 owed to related parties 294,057 321,583 Long-term deferred revenue 55,629 36,651 Other income tax liability 20,285 - Other liabilities 8,057 9,321 Total liabilities 651,789 624,493 Minority interest 1,689 948 Commitments and contingencies Stockholders' equity: Special stock, 10,000,000 shares authorized: Series E, $100 liquidation value; 115 shares issued and outstanding 12 12 Common stock, $0.10 par value; 100,000,000 shares authorized; 55,686,000 and 54,612,000 shares issued and 54,669,000 and 54,025,000 outstanding 5,555 5,455 Treasury stock at cost, 1,017,000 and 587,000 shares (18,614) (1,894) Additional paid-in capital 285,138 253,809 Accumulated other comprehensive income 2,414 1,119 Retained earnings (accumulated deficit) 8,054 (59,047) Total stockholders' equity 282,559 199,454 Total liabilities and stockholders' equity $936,037 $824,895

Bally Technologies, Inc.

CONTACT: Investors, Robert Caller, +1-702-584-7982,
rcaller@ballytech.com, or Media, Laura Olson-Reyes, +1-702-584-7742,
lolson-reyes@ballytech.com, both of Bally Technologies, Inc.

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

SIRIUS Reports First Quarter 2008 Results* Revenue of $270.4 Million, Up 33% Year Over Year* Total Subscribers of More Than 8.6 Million, Up 31% Year Over Year* Record First Quarter Gross Subscriber Additions - Exceed 1 Million* Adjusted Loss From Operations Improves 55%

NEW YORK, May 12 /PRNewswire-FirstCall/ -- SIRIUS Satellite Radio today announced first quarter 2008 financial results, including a 33% increase in revenue to $270.4 million, total subscribers in excess of 8.6 million and a 55% decrease in the adjusted loss from operations.

(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )

"SIRIUS continues to demonstrate robust subscriber and revenue growth, along with strong cost discipline and significant improvement in our bottom line," said Mel Karmazin, CEO of SIRIUS. "Compared with a year ago, first quarter 2008 subscribers grew 31%, revenue grew 33%, while cash operating costs only grew 8%, leading to a 55% decline in our adjusted loss from operations."

"We await the FCC decision on our pending merger with XM, and we are eager to deliver the strong benefits of the combined company to our subscribers and stockholders."

SIRIUS ended first quarter 2008 with 8,644,319 subscribers, up 31% from 6,581,045 subscribers at the end of first quarter 2007. Retail subscribers increased 10% in the first quarter 2008 to 4,643,215 from 4,234,804 at the end of first quarter 2007. OEM subscribers increased 72% in the first quarter 2008 to 3,986,818 from 2,323,683 at the end of first quarter 2007. During the first quarter 2008, SIRIUS added 322,534 net subscribers and achieved a 52% share of satellite radio net subscriber additions.

Total revenue for the first quarter 2008 increased to $270.4 million, up 33% from first quarter 2007 total revenue of $204.0 million. Average monthly revenue per subscriber (or "ARPU") was $10.42 in first quarter 2008 as compared with $10.46 for first quarter 2007. First quarter 2008 average all-in customer churn was 2.7%. SAC per gross subscriber addition was $91 in first quarter 2008, an improvement over first quarter 2007's SAC per gross subscriber addition of $101.

SIRIUS reported a first quarter 2008 net loss of ($104.1) million, or ($0.07) per share, an improvement of 28% over first quarter 2007 net loss of ($144.7) million, or ($0.10) per share. The adjusted loss from operations for first quarter 2008 improved 53% to ($39.5) million, as compared to the adjusted loss from operations of ($84.0) million in first quarter 2007.

2008 OUTLOOK

Following approval of the pending merger with XM by the Federal Communications Commission, SIRIUS will provide guidance for 2008.

RESULTS OF OPERATIONS

The discussion of operating expenses below excludes the effects of stock-based compensation. SIRIUS believes this presentation improves the transparency of disclosure and is consistent with the way operating results are evaluated by management.

FIRST QUARTER 2008 VERSUS FIRST QUARTER 2007

For the first quarter of 2008, SIRIUS recognized total revenue of $270.4 million compared to $204.0 million for the first quarter of 2007. This 33%, or $66.4 million, increase in revenue was driven by a $64.8 million increase in subscriber revenue resulting from the net increase in subscribers of 2,063,274 from the first quarter of 2007.

The company's adjusted loss from operations decreased $44.5 million to ($39.5) million for the first quarter of 2008 from ($84.0) million for the first quarter of 2007 (refer to the reconciliation table of net loss to adjusted loss from operations). This decrease was driven by the increase in total revenue of $66.4 million offset by a $21.8 million increase in non-operating expenses.

Satellite and transmission expenses decreased $0.3 million to $7.0 million for the first quarter of 2008 compared to $7.3 million for the first quarter of 2007 as a result of lower maintenance expenses in the first of quarter 2008.

Programming and content expenses increased $1.8 million to $58.9 million for the first quarter of 2008 from $57.1 million for the first quarter of 2007. The increase was primarily attributable to higher compensation-related costs for additions to headcount.

Revenue share and royalties increased $15.2 million to $42.3 million for the first quarter of 2008 from $27.1 million for the first quarter of 2007. This increase was attributable to the determination by the Copyright Royalty Board in January 2008 of the royalty rate under the statutory license covering the performance of sound recordings. The 33% growth in the company's revenues also contributed to the increase in revenue share and royalties.

Customer service and billing expenses increased $4.9 million to $26.6 million for the first quarter of 2008 from $21.7 million for the first quarter of 2007. The increase was primarily attributable to higher call center operating costs necessary to accommodate the increase in the company's subscriber base. Customer service and billing expenses per average subscriber per month declined 9.0% to $1.05 for the first quarter of 2008 from $1.15 for the first quarter of 2007.

Sales and marketing expenses decreased $2.2 million to $33.2 million for the first quarter of 2008 from $35.4 million for the first quarter of 2007. This decrease was primarily attributable to lower advertising and reduced cooperative marketing spend with the company's distributors compared to the year-ago first quarter.

Subscriber acquisition costs (SAC) decreased $8.4 million, or 9%, to $89.8 million for the first quarter of 2008 from $98.2 million for the first quarter of 2007. This decrease was primarily attributable to production efficiencies and a higher average retail selling price, offset by increased OEM unit production.

SAC per gross subscriber addition decreased 10% to $91 for the first quarter of 2008 from $101 for the first quarter of 2007. The decrease was driven by lower per unit subsidies due to production efficiencies and a higher average retail selling price, offset by a higher mix of OEM gross additions.

General and administrative expenses increased $13.4 million to $36.8 million for the first quarter of 2008 from $23.4 million for the first quarter of 2007. The increase was primarily the result of higher litigation related costs and compensation-related costs to support the growth of our business.

Engineering, design and development expenses decreased $3.9 million to $7.5 million for the first quarter of 2008 from $11.4 million for the first quarter of 2007. This decrease was attributable to reduced OEM and product development costs.

SIRIUS reported a net loss of ($104.1) million, or ($0.07) per share, for the first quarter of 2008 compared to a net loss of ($144.7) million, or ($0.10) per share, for the first quarter of 2007.

SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES SUBSCRIBER DATA, METRICS AND OTHER NON-GAAP FINANCIAL MEASURES (Dollars in thousands, unless otherwise stated) Subscriber Data: For the Three Months Ended March 31, 2008 2007 Beginning subscribers 8,321,785 6,024,555 Net additions 322,534 556,490 Ending subscribers 8,644,319 6,581,045 Retail 4,643,215 4,234,804 OEM 3,986,818 2,323,683 Hertz 14,286 22,558 Ending subscribers 8,644,319 6,581,045 Retail 2,506 192,978 OEM 321,186 364,674 Hertz (1,158) (1,162) Net additions 322,534 556,490 Metrics: For the Three Months Ended March 31, 2008 2007 Gross subscriber additions 1,003,422 988,458 Deactivated subscribers 680,888 431,968 Average monthly churn (1)(6) 2.7% 2.3% SAC per gross subscriber addition (3)(6) $91 $101 Customer service and billing expenses per average subscriber (3)(6) $1.05 $1.15 Total revenue $270,350 $204,037 Free cash flow (4)(6) $(186,535) $(146,715) Monthly ARPU: Average monthly subscriber revenue per subscriber before the effects of Hertz subscribers and rebates $10.09 $10.30 Effects of Hertz subscribers 0.04 0.04 Effects of rebates (0.04) (0.24) Average monthly subscriber revenue per subscriber 10.09 10.10 Average monthly net advertising revenue per subscriber 0.33 0.36 ARPU $10.42 $10.46 SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES SUBSCRIBER DATA, METRICS AND OTHER NON-GAAP FINANCIAL MEASURES - CONTINUED (Dollars in thousands, unless otherwise stated) Adjusted Loss from Operations: For the Three Months Ended March 31, 2008 2007 Net loss $(104,118) $(144,745) Depreciation 26,906 26,786 Stock-based compensation 22,262 24,260 Other non operating expense 14,950 9,145 Income tax expense 543 555 Adjusted loss from operations (7) $(39,457) $(83,999) Adjusted Net Loss: For the Three Months Ended March 31, 2008 2007 Net loss $(104,118) $(144,745) Stock-based compensation 22,262 24,260 Adjusted net loss $(81,856) $(120,485) Net loss per share (basic and diluted) (8) $(0.07) $(0.10) Weighted average common shares outstanding (basic and diluted) 1,475,496 1,457,011 SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES SUBSCRIBER DATA, METRICS AND OTHER NON-GAAP FINANCIAL MEASURES - CONTINUED (Dollars in thousands, unless otherwise stated) Condensed Consolidated Statements of Operations: For the Three Months Ended March 31, 2008 2007 Total revenue $270,350 $204,037 Operating expenses (excludes depreciation and stock-based compensation shown separately below): Satellite and transmission 7,025 7,330 Programming and content 58,903 57,063 Revenue share and royalties 42,320 27,134 Customer service and billing 26,646 21,654 Cost of equipment 7,588 6,458 Sales and marketing 33,227 35,352 Subscriber acquisition costs 89,810 98,237 General and administrative 36,780 23,403 Engineering, design and development 7,508 11,405 Depreciation 26,906 26,786 Stock-based compensation 22,262 24,260 Total operating expenses 358,975 339,082 Loss from operations (88,625) (135,045) Other expense (14,950) (9,145) Loss before income taxes (103,575) (144,190) Income tax expense (543) (555) Net loss $(104,118) $(144,745) SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) For the Three Months Ended March 31, 2008 2007 Revenue: Subscriber revenue, including effects of rebates $255,640 $190,796 Advertising revenue, net of agency fees 8,408 6,721 Equipment revenue 6,063 4,671 Other revenue 239 1,849 Total revenue 270,350 204,037 Operating expenses (excludes depreciation shown separately below) (1): Cost of services: Satellite and transmission 7,822 7,986 Programming and content 61,692 59,998 Revenue share and royalties 42,320 27,134 Customer service and billing 26,922 21,853 Cost of equipment 7,588 6,458 Sales and marketing 38,467 40,996 Subscriber acquisition costs 89,824 100,117 General and administrative 48,778 35,343 Engineering, design and development 8,656 12,411 Depreciation 26,906 26,786 Total operating expenses 358,975 339,082 Loss from operations (88,625) (135,045) Other income (expense): Interest and investment income 2,802 6,042 Interest expense, net of amounts capitalized (17,675) (15,192) Other (expense) income (77) 5 Total other expense (14,950) (9,145) Loss before income taxes (103,575) (144,190) Income tax expense (543) (555) Net loss $(104,118) $(144,745) Net loss per share (basic and diluted) $(0.07) $(0.10) Weighted average common shares outstanding (basic and diluted) 1,475,496 1,457,011 (1) Amounts related to stock-based compensation included in other operating expenses were as follows: Satellite and transmission $797 $656 Programming and content 2,789 2,935 Customer service and billing 276 199 Sales and marketing 5,240 5,644 Subscriber acquisition costs 14 1,880 General and administrative 11,998 11,940 Engineering, design and development 1,148 1,006 Total stock-based compensation $22,262 $24,260 SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES BALANCE SHEET DATA (Dollars in thousands) As of March 31, 2008 December 31, 2007 (unaudited) Cash, cash equivalents and marketable securities $252,969 $439,289 Restricted investments 56,000 53,000 Working capital (741,218) (394,989) Total assets 1,469,823 1,694,149 Total debt 1,282,743 1,314,418 Total liabilities 2,309,257 2,486,886 Accumulated deficit (4,503,090) (4,398,972) Stockholders' deficit (839,434) (792,737) SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in thousands) For the Three Months Ended March 31, 2008 2007 Cash flows from operating activities: Net loss $(104,118) (144,745) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation 26,906 26,786 Non-cash interest expense 1,004 754 Provision for doubtful accounts 2,560 2,088 Gain on disposal of assets - (4) Stock-based compensation 22,262 24,260 Deferred income taxes 543 555 Changes in operating assets and liabilities: Accounts receivable 18,765 6,639 Inventory 4,193 (473) Receivables from distributors (9,988) (7,569) Prepaid expenses and other current assets 14,256 (9,173) Other long-term assets 3,256 (23) Accounts payable and accrued expenses (116,741) (47,811) Accrued interest (11,885) (11,763) Deferred revenue 14,712 21,731 Other long-term liabilities (5,017) 7,702 Net cash used in operating activities (139,292) (131,046) Cash flows from investing activities: Additions to property and equipment (39,225) (12,458) Sales of property and equipment - 96 Purchases of restricted and other investments (3,000) (310) Sale of investments 5,000 - Merger related costs (10,018) (2,901) Sales of available-for-sale securities 8 10,850 Net cash used in investing activities (47,235) (4,723) Cash flows from financing activities: Repayment of long-term borrowings (625) - Proceeds from exercise of stock options 840 1,510 Net cash provided by financing activities 215 1,510 Net decrease in cash and cash equivalents (186,312) (134,259) Cash and cash equivalents at the beginning of period 438,820 393,421 Cash and cash equivalents at the end of period $252,508 $259,162 FOOTNOTES TO PRESS RELEASE AND TABLES FOR NON-GAAP FINANCIAL MEASURES

This press release, including the selected financial information above, includes the following non-GAAP financial measures: average monthly churn; SAC per gross subscriber addition; customer service and billing expenses per average subscriber; free cash flow; average monthly revenue per subscriber, or ARPU; adjusted loss from operations; and adjusted net loss. The definitions and usefulness of such non-GAAP financial measures are as follows (dollars in thousands, unless otherwise stated):

(1) SIRIUS defines average monthly churn as the number of deactivated subscribers divided by average quarterly subscribers. (2) SIRIUS defines SAC per gross subscriber addition as subscriber acquisition costs, excluding stock-based compensation, and margins from the direct sale of SIRIUS radios and accessories divided by the number of gross subscriber additions for the period. SAC per gross subscriber addition is calculated as follows: For the Three Months March 31, 2008 2007 Subscriber acquisition costs $89,824 $100,117 Less: stock-based compensation (14) (1,880) Add: margin from direct sales of SIRIUS radios and accessories 1,525 1,787 SAC $91,335 $100,024 Gross subscriber additions 1,003,422 988,458 SAC per gross subscriber addition $91 $101 (3) SIRIUS defines customer service and billing expenses per average subscriber as total customer service and billing expenses, excluding stock-based compensation, divided by the daily weighted average number of subscribers for the period. Customer service and billing expenses per average subscriber is calculated as follows: For the Three Months Ended March 31, 2008 2007 Customer service and billing expenses $26,922 $21,853 Less: stock-based compensation (276) (199) Customer service and billing expenses, as adjusted $26,646 $21,654 Daily weighted average number of subscribers 8,446,343 6,295,282 Customer service and billing expenses, as adjusted, per average subscriber $1.05 $1.15 (4) SIRIUS defines free cash flow as cash flow from operating activities, capital expenditures, merger related costs and restricted and other investment activity. Free cash flow is calculated as follows: For the Three Months Ended March 31, 2008 2007 Net cash used in operating activities $(139,292) $(131,046) Additions to property and equipment (39,225) (12,458) Merger related costs (10,018) (2,901) Restricted and other investment activity 2,000 (310) Free cash flow $(186,535) $(146,715) (5) SIRIUS defines ARPU as the total earned subscriber revenue and net advertising revenue divided by the daily weighted average number of subscribers for the period. ARPU is calculated as follows: For the Three Months Ended March 31, 2008 2007 Subscriber revenue $255,640 $190,796 Net advertising revenue 8,408 6,721 Total subscriber and net advertising revenue $264,048 $197,517 Daily weighted average number of subscribers 8,446,343 6,295,282 ARPU $10.42 $10.46 (6) SIRIUS believes average monthly churn; SAC per gross subscriber addition; customer service and billing expenses per average subscriber; free cash flow; and ARPU provide meaningful information regarding operating performance and liquidity and are used for internal management purposes; when publicly providing the business outlook; as a means to evaluate period-to-period comparisons; and to compare the company's performance to that of its competitors. SIRIUS also believes that investors use current and projected metrics to monitor performance of the business and make investment decisions. SIRIUS believes the exclusion of stock-based compensation expense in the calculations of SAC per gross subscriber addition and customer service and billing expenses per average subscriber is useful given the significant variation in expense that can result from changes in the fair market value of SIRIUS common stock, the effect of which is unrelated to the operational conditions that give rise to variations in the components of subscriber acquisition costs and customer service and billing expenses. Specifically, the exclusion of stock-based compensation expense in the calculation of SAC per gross subscriber addition is critical in being able to understand the economic impact of the direct costs incurred to acquire a subscriber and the effect over time as economies of scale are reached. These non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP. These non-GAAP financial measures may be susceptible to varying calculations; may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation for, or superior to measures of financial performance prepared in accordance with GAAP. (7) SIRIUS refers to net loss before taxes; other income (expense) -- including interest and investment income, interest expense, equity in net loss of affiliate; depreciation; and stock-based compensation expense as adjusted loss from operations. Adjusted loss from operations is not a measure of financial performance under GAAP. The company believes adjusted loss from operations is a useful measure of its operating performance. The company uses adjusted loss from operations for budgetary and planning purposes; to assess the relative profitability and on-going performance of consolidated operations; to compare performance from period to period; and to compare performance to that of its competitors. The company also believes adjusted loss from operations is useful to investors to compare operating performance to the performance of other communications, entertainment and media companies. The company believes that investors use current and projected adjusted loss from operations to estimate the current or prospective enterprise value and make investment decisions. Because the company funds and builds-out its satellite radio system through the periodic raising and expenditure of large amounts of capital, results of operations reflect significant charges for interest and depreciation expense. The company believes adjusted loss from operations provides useful information about the operating performance of the business apart from the costs associated with the capital structure and physical plant. The exclusion of interest expense and depreciation is useful given fluctuations in interest rates and significant variation in depreciation expense that can result from the amount and timing of capital expenditures and potential variations in estimated useful lives, all of which can vary widely across different industries or among companies within the same industry. The company believes the exclusion of taxes is appropriate for comparability purposes as the tax positions of companies can vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the various jurisdictions in which they operate. The company also believes the exclusion of stock-based compensation expense is useful given the significant variation in expense that can result from changes in the fair market value of the company's common stock. Finally, the company believes that the exclusion of equity in net loss of affiliate (SIRIUS Canada, Inc.) is useful to assess the performance of its core consolidated operations in the continental United States. To compensate for the exclusion of taxes, other income (expense), depreciation, impairment charges and stock-based compensation expense, the company separately measures and budgets for these items. There are material limitations associated with the use of adjusted loss from operations in evaluating the company compared with net loss, which reflects overall financial performance, including the effects of taxes, other income (expense), depreciation, impairment charges and stock-based compensation expense. The company uses adjusted loss from operations to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. Investors that wish to compare and evaluate the operating results after giving effect for these costs, should refer to net loss as disclosed in the unaudited consolidated statements of operations. Since adjusted loss from operations is a non-GAAP financial measure, the calculation of adjusted loss from operations may be susceptible to varying calculations; may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation, as a substitute for, or superior to measures of financial performance in accordance with GAAP. (8) SIRIUS refers to adjusted net loss as net loss per share excluding stock-based compensation expense. Adjusted net loss is not a measure of financial performance under GAAP. The company believes adjusted net loss is useful to investors to compare its operating performance to the performance of other communications, entertainment and media companies. The company also believes the exclusion of stock-based compensation expense is useful given the significant variation in expense that can result from changes in the fair market value of the company's common stock. There are material limitations associated with the use of adjusted net loss in evaluating the company compared with net loss, which reflects overall financial performance, including the effects of stock-based compensation expense. The company uses adjusted net loss to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. Investors that wish to compare and evaluate the operating results after giving effect for these costs, should refer to net loss as disclosed in the unaudited consolidated financial statements of operations. Since adjusted net loss is a non-GAAP financial measure, the calculation of adjusted net loss may be susceptible to varying calculations; may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation, as a substitute for, or superior to measures of financial performance prepared in accordance with GAAP. About SIRIUS

SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR, NBA, and broadcasts live play-by-play games of the NFL, NBA, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95.

SIRIUS Internet Radio (SIR) is an Internet-only version of the SIRIUS radio service, without the use of a radio, for the monthly subscription fee of $12.95. SIR delivers more than 80 channels of talk, entertainment, sports, and 100% commercial free music.

SIRIUS Backseat TV (TM) is the first ever live in-vehicle rear seat entertainment featuring three channels of children's programming, including Nickelodeon, Disney Channel and Cartoon Network, for the subscription fee of $6.99 plus applicable audio subscription fee.

SIRIUS products for the car, truck, home, RV and boat are available at shop.sirius.com and in more than 20,000 retail locations, including Best Buy, Circuit City, Crutchfield, Target, Wal-Mart, Sam's Club and RadioShack.

As of March 31, 2008, SIRIUS radios were available as a factory and dealer-installed option in 125 vehicle models and as a dealer only-installed option in 29 vehicle models.

SIRIUS has agreements with Aston Martin, Audi, Bentley, BMW, Chrysler, Dodge, Ford, Jaguar, Jeep, Kia, Land Rover, Lincoln, Maybach, Mazda, Mercedes-Benz, Mercury, MINI, Mitsubishi, Rolls-Royce, Volvo, and Volkswagen to offer SIRIUS radios as factory or dealer-installed equipment in their vehicles. SIRIUS has relationships with Toyota and Scion to offer SIRIUS radios as dealer-installed equipment, and a relationship with Subaru to offer SIRIUS radios as factory or dealer-installed equipment. SIRIUS radios are also offered to renters of Hertz vehicles at airport locations nationwide.

Click on http://www.sirius.com/ to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.

Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2007 filed with the Securities and Exchange Commission. Among the significant factors that could cause our actual results to differ materially from those expressed are: our pending merger with XM Satellite Radio Holdings, Inc. ("XM"), including related uncertainties and risks and the impact on our business if the merger is not completed; any events which affect the useful life of our satellites; our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming providers; and our competitive position versus other audio entertainment providers.

E-SIRI CONTACT INFORMATION FOR INVESTORS AND FINANCIAL MEDIA: Paul Blalock SIRIUS 212.584.5174 pblalock@siriusradio.com Hooper Stevens SIRIUS 212.901.6718 hstevens@siriusradio.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com SIRIUS Satellite Radio

CONTACT: Paul Blalock, +1-212-584-5174, pblalock@siriusradio.com, or
Hooper Stevens, +1-212-901-6718, hstevens@siriusradio.com, both of SIRIUS

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ActivIdentity Reports Fiscal Second Quarter 2008 Financial ResultsActivIdentity reports GAAP net loss for the quarter of $0.93 per share and a non-GAAP loss of $0.03 per share

FREMONT, Calif., May 12 /PRNewswire-FirstCall/ -- ActivIdentity Corporation , a global leader in digital identity assurance, today announced its financial results for its fiscal second quarter ended March 31, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051108/SFTU161LOGO)

Revenue for the quarter ended March 31, 2008 was $13.6 million, compared to $14.9 million for the quarter ended March 31, 2007.

Our GAAP net loss for the second quarter of fiscal 2008 was $42.5 million or $0.93 per basic and diluted share, compared to a GAAP net loss of $3.4 million or $0.08 per share for the second quarter of fiscal 2007.

Non-GAAP net loss for the quarter ended March 31, 2008 was $1.5 million or a loss of $0.03 per basic and diluted share compared to a loss of $0.05 for the second quarter of fiscal 2007. Non-GAAP net loss excluded $35.9 million relating to a non-cash impairment charge to Goodwill in the quarter. Other excluded items were $0.6 million of stock based compensation expense, $0.6 million of amortization expense, $0.8 million of severance expenses related to our global cost reduction program and an other-than-temporary impairment charge of $3.0 million for auction rate securities. Please refer to the GAAP to non-GAAP reconciliation table for further detail.

Cash, cash equivalents, and investments were $116.7 million at March 31, 2008 compared to $121.3 million in the quarter ending December 31, 2007.

Business Highlights: -- In North America, we worked to increase our market penetration in the commercial sector by securing customers such as HP, ING Direct, Erickson Healthcare and Cadence. -- ING Direct, one of the largest online banks, is deploying ActivIdentity SecureLogin SSO and is in the process of deploying ActivIdentity 4TRESS AAA to the organization. -- Erickson Healthcare, a privately held retirement community system with 20 campuses throughout the United States and over 11,000 employees, continues to deploy Actividentity 4TRESS AAA remote access. -- We secured a significant contract with a new European government agency and are currently deploying our Smart Employee ID suite to this organization of approximately 100,000 employees. -- A large European Border Crossing Enforcement organization is utilizing ActivIdentity solutions for issuance, management and usage of smart cards specifically designed to reduce security risks and improve efficiencies while ensuring compliance to the latest governmental mandates. -- We secured a new contract with a European oil and gas company this quarter for physical and logical convergence implementation. We are providing our Card Management System, ActivClient Middleware and two-factor authentication for approximately 15,000 users. -- In Asia Pacific, we are continuing to see the benefits of our deployments in the Korean banking sector. We are now providing two factor authentication to one of the largest banks in Korea. This is a continuation of our successful drive into the two factor banking market in Korea and tokens deployments over the last 6 months. -- Additionally, a major Australian Government Department is implementing our Smart Employee ID solution. This ongoing project is for 30,000 users.

"ActivIdentity's customer base is growing and I believe that the contracts the company secured in the second quarter and in the recent past demonstrated the market penetration of ActivIdentity solutions in both the commercial and government sectors. We will be focusing on improving our execution and building on ActivIdentity's technological strength and stronghold in the commercial sector to attain to a leadership position in the identity and security market place," said Grant Evans, CEO of ActivIdentity.

Conference Call Details

ActivIdentity will host its earnings conference call to discuss results of its second quarter fiscal 2008 at 1:30 p.m. PDT (4:30 p.m. EDT) this afternoon. There will be a live audio web cast and dial in to the conference call.

Live audio web cast: The conference call web cast will be available on the investor relations section of the Company's website at http://www.actividentity.com/en/investors/index.php. A replay of the web cast will be available approximately two hours after the conclusion of the call through May 29, 2008.

Dial-in conference call: To access the conference call within the U.S. or Canada, please dial (877) 292-2820 and enter conference ID 45539370. To access the conference call outside the U.S. or Canada please dial (706) 679-4390 and enter conference ID 45539370.

About ActivIdentity

ActivIdentity(R) Corporation identity solutions secure the business of enterprise, government, healthcare, and financial services organizations worldwide. Trusted identity is the core of the ActivIdentity platform enabling security for data, networks, applications, passwords and credentials, web, email and documents, transactions as well as converged security.

ActivIdentity solutions support the convergence of physical and logical identity through strong authentication with smart card lifecycle management, adding enterprise single sign on, and data encryption and digital signature.

ActivIdentity customers experience multiple benefits including increased network security, protection against identity theft and online fraud, enhanced workforce productivity, business process efficiencies, and regulatory compliance.

For more information, visit http://www.actividentity.com/.

ActivIdentity and ActivCard are registered trademarks in the United States and/or other countries. All other trademarks are the property of their respective owners in the United States and/or other countries.

Forward-Looking Statements Safe Harbor

The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include risks relating to our history of losses and need for revenue growth and cost containment, the integration of acquired business and technologies, the variability of our quarterly results, and other risks identified under the caption "Risk Factors" in our most recent Annual Report on Form 10-K, and in subsequent Quarterly Reports on Form 10-Q, which are filed with the United States Securities and Exchange Commission (SEC). Copies of these filings are available from the Company and on the SEC's Web site at http://www.sec.gov/. Actual results, events and performance may differ materially from our forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Non-GAAP Financial Measures

This press release contains non-GAAP financial measures. The following table reconciles the non-GAAP financial measures in the press release to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP measures include non-GAAP costs of revenue, operating expenses, other expenses, net loss and net loss per share amounts.

Non-GAAP financial measures should not be considered as a substitute for, or superior to, GAAP financial measures, which should be considered as the primary financial metrics for evaluating our financial performance. Significantly, non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. Instead, they are based on subjective determinations by management designed to supplement our GAAP financial measures. They are subject to a number of important limitations and should be considered only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our non-GAAP financial measures differ from GAAP measures with the same names, may vary over time, and may differ from non-GAAP financial measures with the same or similar names used by other companies. Accordingly, investors should exercise caution when evaluating our non-GAAP financial measures.

Despite these limitations, we believe our non-GAAP financial measures provide meaningful supplemental information about our operating results, primarily because they exclude goodwill and investment impairments and costs and expenses that we do not believe are indicative of the ongoing operating performance of our business and our senior management. Although these items should properly be considered in our GAAP financial measures, we believe they should be excluded when evaluating our current operating performance. The non-GAAP financial measures disclosed in the accompanying press release are used by our Board of Directors and senior management to evaluate our current operating performance, are used in evaluating the performance of our senior management, and are used in our budget and planning processes. We believe that our non-GAAP financial measures are helpful to investors by facilitating comparisons of our current and prior operating results and by facilitating comparisons of our operating results with those of other software companies.

Actividentity Corporation Reconciliation of GAAP to Non-GAAP Operating Results (Unaudited; in thousands, except per share data)

The following table reconciles the specific items excluded from GAAP in the calculation of non-GAAP operating results for the periods indicated below (for comparative purposes, we have included non-GAAP operating results for all quarters of fiscal year 2007):

Fiscal 2007 Fiscal 2008 Q1 '07 Q2 '07 Q3 '07 Q4 '07 Q1 '08 Q2 '08 Reported net loss (GAAP basis) $(1,394) $(3,436) $(2,722) $(1,746) $(3,947) $(42,466) Net loss reconciliation: Stock based compensation 711 339 749 719 772 595 Restructuring (recovery) - - - - (73) - Severance 30 68 (12) 211 908 842 Amortization of intangible assets 840 840 795 660 643 634 Goodwill impairment charge - - - - - 35,874 Investment impairment charge - - - - - 2,992 Tax effect of non-GAAP adjustments (17) (37) (24) (291) (25) 13 Non-GAAP net income (loss): 170 (2,226) (1,214) (447) (1,722) (1,516) Net income (loss) per share reconciliation GAAP net loss per share - basic (0.03) (0.08) (0.06) (0.04) (0.09) (0.93) Stock based compensation 0.01 0.01 0.01 0.02 0.02 0.01 Restructuring (recovery) - - - - - - Severance - - - - 0.02 0.02 Amortization of intangible assets 0.02 0.02 0.02 0.01 0.01 0.01 Goodwill impairment charge - - - - - 0.79 Investment impairment charge - - - - - 0.07 Tax effect of non-GAAP adjustments - - - - - - Non-GAAP net income per share - basic and diluted $0.00 $(0.05) $(0.03) $(0.01) $(0.04) $(0.03) Weighted average shares - basic 45,625 45,662 45,713 45,728 45,741 45,773 Discussion of Specific Items Excluded from Non-GAAP Financial Measures

Our non-GAAP financial measures include impairments of investments and goodwill and generally exclude costs and expenses for (i) stock based compensation, (ii) restructuring, (iii) severance, and (iv) amortization of intangible assets, net of cumulative tax effects. We exclude these items because we believe they are not closely related to the ongoing operating performance of our business and the performance of our senior management and are generally excluded from our budget and planning process. In addition to these reasons, we believer our non-GAAP financial measures are also helpful to investors by facilitating comparisons of our operating results over different time periods and by facilitating comparisons of our financial performance with that of other companies. Except for costs and expenses related to restructuring and severance, these items are non-cash and do not affect cash flows.

1) Impairment of investments - The Company recorded an other-than-temporary impairment of investments of $3.0 million in the quarter ended March 31, 2008, to reflect the decrease in fair market value of auction rate security (ARS) holdings. Uncertainty in the credit markets have resulted in a devaluation of our ARS holdings. In order to provide investors with financial information that facilitates comparison of both historical and future results, the Company has provided non-GAAP financial measures which exclude the impact of the impairment of ARS investments. The Company believes that this non-GAAP financial adjustment is useful to investors because it allows investors to (i) evaluate the effectiveness of the methodology and information used by management in its financial and operational decision-making and (ii) compare past and future reports of financial results of the Company excluding the impact of uncertainty in the credit markets. 2) Impairment of goodwill - In accordance with SFAS No. 142, Goodwill and Other Intangible Assets, the Company tests recorded goodwill and intangibles with indefinite lives for impairment at least annually. During the quarter ended March 31, 2008, the Company's stock price declined approximately 36%, an event that indicated the potential impairment of the carrying value of goodwill. As a result, management undertook an impairment evaluation to estimate the fair value of the Company's single reporting unit in relation to the book value of the Company. As a result of the analysis, the entire carrying value of goodwill was deemed fully impaired and written down to nil, as a non-cash charge to income. Because the goodwill impairment resulted from a decline in the market value of the Company's stock price rather than as a result of any current period operational activity, we include this non-GAAP financial adjustment to provide investors a more comparative report of financial performance for the period. However, as with amortization of intangible charges, we recognize that impairment costs provide a helpful measure of the financial impact and performance of prior acquisitions and investors should consider our non-GAAP financial measures in conjunction with our GAAP financial results that include impairment costs. 3) Stock based compensation - We exclude stock based compensation expense associated with stock options and stock granted to employees and non-executive directors in our non-GAAP financial measures. While stock based compensation is a significant component of our expenses, we believe that investors wish to be able to exclude the effects of stock based compensation expense in comparing our financial performance with that of other companies. 4) Restructuring and severance - We exclude restructuring and severance in our non-GAAP financial measures because these costs are unrelated to our ongoing operations. We believe excluding restructuring and severance expenses helps investors compare our operating performance with that of other companies. We recognize, however, that restructuring and severance will impact cash flows and that we and investors should carefully consider the impact of these costs on future cash flows. 5) Amortization of acquired intangible assets - In accordance with GAAP, we amortize intangible assets acquired in connection with acquisitions over the estimated useful lives of the assets. We exclude these amortization costs in our non-GAAP financial measures because they (i) result from prior acquisitions, rather than the ongoing operating performance of our business, and (ii) absent additional acquisitions, are expected to decline over time as the remaining carrying amounts of these assets are amortized. We believe excluding these costs helps investors compare our financial performance with that of other companies with different acquisition histories. However, as with impairment charges, we recognize that amortization costs provide a helpful measure of the financial impact and performance of prior acquisitions and investors should consider our non-GAAP financial measures in conjunction with our GAAP financial results that include amortization costs. ActivIdentity Corporation Condensed Consolidated GAAP Balance Sheets (in thousands) March 31, September 30, 2008 2007 (1) (unaudited) ASSETS Current assets: Cash and cash equivalents $59,273 $30,639 Short-term investments 27,473 91,084 Accounts receivable, net of allowance for doubtful accounts 12,413 14,566 Inventories, net 2,237 2,146 Prepaid and other current assets 1,995 2,077 Total current assets 103,391 140,512 Long-term investments 29,968 - Property and equipment, net 3,609 4,267 Other intangible assets, net 5,418 6,695 Other long-term assets 1,022 1,104 Goodwill - 35,874 Total assets $143,408 $188,452 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $1,893 $2,116 Accrued compensation and related benefits 6,945 6,942 Current portion of accrual for restructuring liability 631 733 Accrued and other current liabilities 3,941 3,484 Current portion of deferred revenue 11,062 10,349 Total current liabilities 24,472 23,624 Deferred revenue, net of current portion 2,673 2,752 Accrual for restructuring liability, net of current portion 1,275 1,574 Long-term deferred rent 578 705 Other long-term liabilities 479 - Total liabilities 29,477 28,655 Minority interest 333 354 Stockholders' equity: Common stock 46 46 Additional paid-in capital 424,634 423,242 Accumulated deficit (293,009) (246,501) Accumulated other comprehensive loss (18,073) (17,344) Total stockholders' equity 113,598 159,443 Total liabilities and stockholders' equity $143,408 $188,452 (1) Derived from audited consolidated financial statements. ActivIdentity Corporation Condensed Consolidated GAAP Statement of Operations (In thousands, except per share amounts) (Unaudited) Three Months Six Months Ended March 31, Ended March 31, 2008 2007 2008 2007 Revenue: Software $5,106 $5,837 $11,034 $12,617 Hardware 3,733 4,379 7,915 8,108 Maintenance and support 4,792 4,668 10,115 8,774 Total revenue 13,631 14,884 29,064 29,499 Cost of revenue: Software 813 830 1,686 1,586 Hardware 2,381 2,897 4,748 4,803 Maintenance and support 2,142 1,165 4,052 2,212 Amortization of acquired developed technology and patents 593 792 1,195 1,584 Total cost of revenue 5,929 5,684 11,681 10,185 Gross profit 7,702 9,200 17,383 19,314 Operating expenses: Sales and marketing 6,822 7,106 13,721 12,926 Research and development 4,663 4,860 9,416 9,853 General and administration 2,527 2,494 5,641 5,379 Restructuring expense (recovery) - - (73) - Amortization of acquired intangible assets 41 48 82 96 Impairment of goodwill 35,874 - 35,874 - Total operating expenses 49,927 14,508 64,661 28,254 Loss from operations (42,225) (5,308) (47,278) (8,940) Other income (expense): Interest income, net 1,307 1,510 2,927 2,898 Other income (expense), net (1,573) 465 (2,050) 1,332 Total other income (expense), net (266) 1,975 877 4,230 Loss before income tax and minority interest (42,491) (3,333) (46,401) (4,710) Income tax benefit (provision) 13 (99) (30) (114) Minority interest 12 (4) 18 (6) Net loss $(42,466) $(3,436) $(46,413) $(4,830) Basic and diluted net loss per share $(0.93) $(0.08) $(1.01) $(0.11) Shares used to compute basic and diluted net loss per share 45,773 45,662 45,757 45,644 ActivIdentity Corporation Condensed Consolidated GAAP Statement of Cash Flows (In thousands, unaudited) Six Months Ended March 31, 2008 2007 Cash flows from operating activities: Net loss $(46,413) $(4,830) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization of fixed assets 891 758 Amortization of acquired developed technology and patents 1,195 1,584 Non-realized foreign exchange loss (gain) (1,117) (1,291) Amortization of acquired intangible assets 82 96 Stock-based compensation expense 1,367 1,050 Loss on disposal of property and equipment 43 4 Goodwill impairment charge 35,874 - Investment impairment charge 2,992 - Minority interest in ActivIdentity Europe S.A. (18) 6 Changes in: Accounts receivable 2,781 5,697 Inventories 126 (70) Prepaid and other assets 433 4 Accounts payable (335) 2,002 Accrued compensation and related benefits (341) (78) Accrual for restructuring liability (402) (332) Accrued and other liabilities 481 (659) Deferred revenue 251 (966) Net cash provided by (used in) operating activities (2,110) 2,975 Cash flows from investing activities: Purchases of property and equipment (203) (1,196) Purchases of short-term investments (37,245) (64,787) Proceeds from sales and maturities of short-term investments 67,842 66,982 Other long-term assets 10 (1) Net cash provided by investing activities 30,404 998 Cash flows from financing activities: Proceeds from exercise of options, rights and warrants 25 176 Net cash provided by financing activities 25 176 Effect of exchange rate changes 315 421 Net increase in cash and cash equivalents 28,634 4,570 Cash and cash equivalents, beginning of period 30,639 11,477 Cash and cash equivalents, end of period $59,273 $16,047

Photo: http://www.newscom.com/cgi-bin/prnh/20051108/SFTU161LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com ActivIdentity Corporation

CONTACT: Mahima Patnaik, Director of Investor Relations of ActivIdentity
Corporation, +1-510-745-6275

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

UTC Appoints Ari Bousbib President, Commercial Companies, and Corporate Executive Vice President; Michaud Becomes Otis President

HARTFORD, Conn., May 12 /PRNewswire-FirstCall/ -- United Technologies Corp. has appointed Ari Bousbib president of its commercial companies, and UTC executive vice president. He will report to UTC President and Chief Executive Officer Louis R. Chenevert. Succeeding Bousbib as Otis president is Didier Michaud. Both appointments are effective immediately.

In his new position Bousbib, 47, will have operating responsibility for the corporation's commercial businesses, which include Otis, Carrier, UTC Fire & Security, and UTC Power. The commercial business unit presidents will report to Bousbib.

Under Bousbib's leadership Otis revenues nearly doubled and operating profits tripled. Operating margins expanded by more than 700 basis points from substantial productivity gains and product cost reductions. During this period, Otis also gained significant global market share.

"This impressive operating record makes Ari uniquely qualified for his new role," Chenevert said. "Ari's appointment reflects the opportunities in front of our commercial businesses. He will work closely with the business units' leadership to execute strategic initiatives including bringing energy efficient, environmentally friendly solutions to urbanizing markets around the world. As I organize my leadership team for success, this change will optimize UTC's ability to capture market opportunity and deliver strong results."

Additionally, Bousbib will assume leadership of United Technologies International Operations, which has offices in Beijing, Singapore, Brussels, Moscow, and Seoul.

Bousbib joined UTC in 1997 as vice president, strategic planning. He oversaw important changes to the corporation's business portfolio, including the acquisition of Sundstrand and the divestiture of UTC's automotive business. He was named chief operating officer at Otis in December 2000, and he was named Otis president in April 2002.

Michaud, 50, joined Otis in June 1981 and he has held key leadership positions in the company's European operations. In July 2004 he was named president of Otis' United Kingdom and Central Europe operations.

United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.

UTC-IR Contact: Peter Murphy, UTC (860) 728-7977 John Moran, UTC (860) 728-7062

United Technologies Corp.

CONTACT: Peter Murphy, +1-860-728-7977, or John Moran, +1-860-728-7062,
both of United Technologies Corp.

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

Company News On-Call: http://www.prnewswire.com/comp/913919.html

Gaiam Reports First Quarter Fiscal 2008 Results- Operating income grew 64%- EPS increased 29% to $0.09 per share

BROOMFIELD, Colo., May 12 /PRNewswire-FirstCall/ -- Gaiam, Inc. , a lifestyle media company providing a broad selection of information, media, products and services to customers who value personal development, wellness, ecological lifestyles, responsible media and conscious community, announced today results for its first quarter ended March 31, 2008.

Gaiam also announced that it will host a conference call today, May 12, 2008, at 2:30 p.m. MDT (4:30 p.m. EDT) to review the first quarter fiscal 2008 results.

Dial-in No.: 888-950-8038 (domestic) or 210-234-0014 (international) Passcode: GAIAM

Revenue for the first quarter ended March 31, 2008 increased 11.5% to $65.2 million from $58.5 million recorded in the same period last year. Revenue for Gaiam's direct to consumer segment increased 13.8% to $38.8 million. Revenue for Gaiam's business segment increased 8.2% to $26.4 million.

Gross profit increased to $41.0 million, or 62.9% of revenue, from $37.5 million, or 64.1% of revenue, in the comparable period last year. The change in gross margin reflects the company's investment in the lower margin solar business.

Operating income for the first quarter of 2008 increased 64.1% to $2.7 million, or 4.1% of revenue, compared to $1.6 million, or 2.8% of revenue for the first quarter of 2007. The increase reflects Gaiam's ability to leverage its infrastructure to deliver strong improvement in operating results, while continuing to invest in its community.

Interest income was $0.5 million for the first quarter of 2008 compared to $1.1 million during the first quarter of last year, reflecting Gaiam's repurchase of 2.5 million shares of its common stock and the decline in average interest rates received on its cash investments from 5.18% as of March 31, 2007 to 2.37% at March 31, 2008.

Net income increased 26.3% to $2.2 million, compared to net income of $1.8 million for the first quarter a year ago. Earnings per share increased 28.6% to $0.09 per share from $0.07 per share in the first quarter of 2007. Depreciation and amortization for the first quarter of 2008 was $2.5 million.

During the first quarter, Gaiam increased its branded store-within-store presentations to over 7,100 retail doors, up from 6,000 at the end of the first quarter of 2007, and grew its number of overall retail doors to 71,000 as of March 2008.

"We are very pleased with our first quarter results, marked by sales and profit growth even after continued investment in our business," commented Lynn Power, Gaiam's President. "Our 2008 initiatives are performing well, including the initial expansion of our wellness media store-within-store and securing our new role as fitness category manager for certain retail partners including Target. Given the soft consumer spending environment, our continued success during this period, including delivering revenues above budgeted level, is a testament to the priority consumers are placing on high quality, socially responsible content and brands."

During the first quarter, Gaiam completed its strategy in international markets to change to licensing arrangements by disposing of the company's ownership in its U.K. subsidiary. The transition from sales of products to licensing arrangements is expected to improve profitability, reduce complexity of operations, lower capital requirements and limit the impact of the weakness of U.S. currency. This change is expected to reduce reported international revenue by approximately $25.7 million, from $33.7 million recognized in 2007 to approximately $8 million in 2008. International license fees typically average between 20-25% of product revenues.

During the first quarter, Gaiam acquired SPRI Products, Carlson Solar, and the remaining 49.9% ownership in Conscious Enlightenment. The acquisition of SPRI expands Gaiam's distribution into the professional fitness market and the acquisition of Carlson Solar extended the solar division's geographic reach in Southern California. During the first quarter Gaiam also divested its non-LOHAS publications included as part of a previous acquisition. These first quarter 2008 acquisitions, less the publication divestiture, represented approximately $12.5 million of net revenue. Additionally, all companies acquired during 2007, if acquired as of January 1, 2007, would increase Gaiam reported 2007 revenues on a pro forma basis by approximately $10.9 million.

Including conversion of international product sales to licensing agreements, acquisitions and divestitures, Gaiam expects its revenues for 2008 including anticipated strong internal growth, to be approximately $300 million, up from $262.9 million reported in 2007.

"Since the beginning of the year we have delivered on several fronts in positioning Gaiam for continued earnings growth, while reporting strong operating results," said Jirka Rysavy, Gaiam CEO. "At the end of the quarter, even after recent acquisitions and investments and before the $20 million repayment from our solar operation, our cash position remained strong at $48 million and no debt. Additionally, we have capitalized on our solar strategy unlocking additional shareholder value."

Last week, Gaiam's solar subsidiary, Real Goods Solar, Inc. priced its $55 million initial public offering of Class A common stock. Approximately $20 million of the net proceeds will be repaid to Gaiam for loans provided to the Real Goods Solar business. In the offering, Real Goods Solar sold 5.5 million shares at $10 per share. Post-offering, Gaiam owns 10 million shares or approximately 65% of Real Goods and in excess of 80% of Real Goods' voting power.

A replay of the call will begin approximately one hour after the end of the call and will continue until 5:00 p.m. EDT on May 26, 2008.

Replay number: 888-662-6639

For more information about Gaiam, please visit http://www.gaiam.com/, or call 1-800-869-3603.

This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as "expect," "intend," "believe," "will," "should" or comparable terminology or by discussions of strategy. While Gaiam believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Gaiam's filings with the Securities and Exchange Commission. Gaiam assumes no duty to update any forward-looking statements.

Contact: John Mills Senior Managing Director ICR, Inc. 310-954-1105 jmills@icrinc.com GAIAM, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share data) Three Months Ended Three Months Ended March 31, 2008 March 31, 2007 Net revenue $65,173 100.0% $58,458 100.0% Cost of goods sold 24,195 37.1% 20,982 35.9% Gross profit 40,978 62.9% 37,476 64.1% Operating expenses 38,312 58.8% 35,851 61.3% Income from operations 2,666 4.1% 1,625 2.8% Other income 469 0.7% 1,203 2.0% Income before income taxes 3,135 4.8% 2,828 4.8% Income tax expense 1,238 1.9% 1,117 1.9% Minority interest in net loss of consolidated subsidiaries 316 0.5% 41 0.1% Net income $2,213 3.4% $1,752 3.0% Shares outstanding: Basic 25,084 25,651 Diluted 25,352 25,813 Income per share: Basic $0.09 $0.07 Diluted $0.09 $0.07 GAIAM, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except share information) March 31, December 31, 2008 2007 (Unaudited) Assets Current assets: Cash and cash equivalents $48,151 $66,258 Accounts receivable, net 27,331 30,157 Inventory, net 30,415 29,839 Deferred advertising costs 3,501 3,602 Deferred tax assets 5,282 6,005 Other current assets 5,963 5,205 Total current assets 120,643 141,066 Property and equipment, net 9,572 9,509 Media library, net 37,300 37,566 Deferred tax assets, net 2,958 4,057 Goodwill and other intangibles, net 50,992 44,410 Notes receivable and other assets 8,348 4,104 Total assets $229,813 $240,712 Liabilities and shareholders' equity Current liabilities: Accounts payable $14,959 $23,620 Accrued liabilities 8,436 10,631 Total current liabilities 23,395 34,251 Minority interest 1,484 6,073 Commitments and contingencies Shareholders' equity: Class A common stock, $.0001 par value, 150,000,000 shares authorized, 19,651,010 and 19,553,631 shares issued and outstanding at March 31, 2008 and December 31, 2007, respectively 2 2 Class B common stock, $.0001 par value, 50,000,000 shares authorized, 5,400,000 issued and outstanding at March 31, 2008 and December 31, 2007 1 1 Additional paid-in capital 177,277 174,046 Accumulated other comprehensive income 93 991 Retained earnings 27,561 25,348 Total shareholders' equity 204,934 200,388 Total liabilities and shareholders' equity $229,813 $240,712

Gaiam, Inc.

CONTACT: John Mills, Senior Managing Director of ICR, Inc.,
+1-310-954-1105, jmills@icrinc.com, for Gaiam, Inc.

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

More Than 140 Higher Education Institutions Worldwide Use RightNow On Demand CRMRightNow Hosts Annual Higher Education User Group May 12-13 at University of West Florida

BOZEMAN, Mont., May 12 /PRNewswire-FirstCall/ -- RightNow(R) Technologies today announced that more than 140 colleges and universities use its on demand customer relationship management (CRM) solution to recruit and retain students. The RightNow Higher Education solution includes guides and templates, based on industry best practices gleaned from RightNow's work with schools such as Columbia University, Imperial College London, and Minnesota State Colleges and Universities. It is available under RightNow's software-as-a-service delivery model, which allows institutions to implement quickly, while minimizing up-front investment and risk.

Today, higher education institutions consider attracting and keeping qualified students to be a top priority and major challenge given budget constraints, competition from other schools, and Internet-savvy prospective students that expect immediate access to information. The RightNow Higher Education solution helps learning institutions attract and retain students by providing staff with a single view of each student, including all interaction history, which enables highly personalized service. In addition, RightNow helps schools to provide immediate, online access to a wide range of information, such as financial aid details, registration requirements and housing. The RightNow solution also includes guides to help drive and track recruiting efforts.

For example, the University of South Florida (USF) uses RightNow to manage student and support interactions across all student touch points including phone, email, web and chat. With RightNow, USF has saved approximately $500,000 over three years while student population grew 10 percent. USF also uses RightNow to automatically distribute and tabulate satisfaction surveys, capturing valuable feedback from students and employees about university services. USF can then analyze the information gathered to identify areas for service growth.

Using RightNow, Victoria University of Wellington, New Zealand, delivers highly personalized information to a diverse range of prospective students while meeting extremely tight cost constraints. "RightNow has helped us quickly, accurately and cost effectively communicate with prospective students, bolstering our recruiting efforts," said Charles Brooks, the university's international e-marketing manager.

"Universities and colleges are under pressure to develop and maintain relationships with prospects, students, parents, alumni and internal staffs even as their budgets are being reduced," said Danielle Wanderer, vice president of industry and North America marketing at RightNow. "RightNow provides a tailored solution that leverages extensive industry experience and best practices from our more than 140 higher education clients to help institutions recruit, retain, and inform students."

RightNow's annual Higher Education User Group will be held May 12-13, 2008, hosted on campus by RightNow customer University of West Florida (UWF). RightNow is helping UWF support the expansion of its online campus by effectively marketing distance learning services and better serving current students via phone, email, web and online chat.

About RightNow Technologies

RightNow delivers the high-impact technology solutions and services organizations need to cost-efficiently deliver a consistently superior customer experience across their frontline service, sales and marketing touch-points. Approximately 1,800 corporations and government agencies worldwide depend on RightNow to achieve their strategic objectives and better meet the needs of those they serve. RightNow is headquartered in Bozeman, Montana. For more information, please visit http://www.rightnow.com/.

RightNow is a registered trademark of RightNow Technologies, Inc. NASDAQ is a registered trademark of the NASDAQ Stock Market.

RightNow Technologies

CONTACT: Chaundera Wolfe of RightNow Technologies, +1-406-556-3323,
cell, +1-406-570-0347, cwolfe@rightnow.com

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

Verizon Wireless Activates New Cell Site in Hamilton County, Ohio

LOVELAND, Ohio, May 12 /PRNewswire/ -- Verizon Wireless, the wireless company with the highest customer loyalty, has activated a new cell site in Loveland that improves coverage from Loveland Madeira Road south to Camp Dennison.

With the improved network coverage, more customers can use their wireless phones to make calls; send and receive email and text, picture and video messages; download music, games and ringtones; and view high-quality videos while enjoying clearer reception and fewer dropped calls.

"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said Roger Tang, president-Ohio/Pennsylvania/West Virginia region, Verizon Wireless. "Getting through on the first try and maintaining a connection are important to our customers. We continue to optimize our network so that it remains the most reliable in the nation."

This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Ohio and throughout the country. Verizon Wireless has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. Last year, the company invested nearly $190 million in its Ohio network improvements.

About Verizon Wireless

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

Verizon Wireless

CONTACT: Laura Merritt, Verizon Wireless, +1-614-560-2605,
laura.merritt@verizonwireless.com; or Laura Deaton, For Verizon Wireless,
+1-513-271-7222 ext. 15, ldeaton@wordsworthweb.com

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

Tyco International Announces Extension of Consent Solicitations and Exchange Offers Related to Bondholder Litigation Settlement

PEMBROKE, Bermuda, May 12 /PRNewswire-FirstCall/ -- Tyco International Ltd. (the "Company") today announced that it will extend the previously announced consent solicitations and exchange offers for each series of outstanding notes issued under the Company's 1998 and 2003 indentures. The Company previously announced that it had received consents from the holders of a majority in principal amount of each such series of notes. Details of the results for each series of notes, as of 2:00 p.m. New York time, on May 12, 2008, are provided below.

As a result of the receipt of the requisite consents, and based on the waiver of any alleged defaults or events of default that may have arisen prior to April 11, 2008 contained therein, the Company has taken the necessary steps to dismiss the proceeding entitled The Bank of New York v. Tyco International Group S.A. pending in the United States District Court for the Southern District of New York. On April 30, 2008, the Court entered an order dismissing that action with prejudice. As a result, the Company expects to complete the consent solicitations and exchange offers in early June 2008.

In accordance with the terms of the Offer Documents, delivered consents may no longer be revoked and tendered notes may no longer be withdrawn, unless the exchange offers and the consent solicitations are terminated in accordance with the Offer Documents. As the Company expects all conditions to the consummation of the transactions to be met at the end of May 2008, the Company and TIFSA are extending the Consent Date and Expiration Date (as such terms are defined in the Offer Documents) for noteholders to submit consents and tender applicable notes for exchange. The new Consent Date and the new Expiration Date are 5:00 p.m. New York City time, on June 2, 2008, subject to further extensions.

Consent Solicitation Results as of 2:00 p.m. New York time, May 12, 2008: Consents Received Notes Tendered for Exchange 7.0% notes due 2028 99% 96% 6.875% notes due 2029 98% 97% 6.0% notes due 2013 98% Not Applicable 6.375% notes due 2011 98% Not Applicable 6.75% notes due 2011 97% Not Applicable 6.125% notes due 2009 95% Not Applicable 6.125% notes due 2008 89% Not Applicable

This press release is neither an offer to sell or a solicitation of an offer to buy any exchange Notes nor shall there be any sale of such notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction. Any offer of the exchange Notes is made only by means of a private offering memorandum. The exchange Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

ABOUT TYCO INTERNATIONAL

Tyco International is a diversified, global company that provides vital products and services to customers in more than 60 countries. Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Tyco had 2007 revenues of more than $18 billion and has 118,000 employees worldwide. More information on Tyco can be found at http://www.tyco.com/.

FORWARD-LOOKING INFORMATION

This release may contain certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. Economic, business, competitive and/or regulatory factors affecting Tyco's businesses are examples of factors, among others, that could cause actual results to differ materially from those described in the forward-looking statements. Tyco is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. More detailed information about these and other factors is set forth in Tyco's Annual Report on Form 10-K for the fiscal year ended September 28, 2007 and Tyco's Quarterly Report on Form 10-Q for the period ended March 28, 2008.

Tyco International Ltd.

CONTACT: Media, Paul Fitzhenry, +1-609-720-4261, pfitzhenry@tyco.com;
Investors, Ed Arditte, +1-609-720-4621 or Karen Chin, +1-609-720-4398, all of
Tyco International Ltd.

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

Merrimac Announces Conference Call Information for First Quarter 2008 Financial Results

WEST CALDWELL, N.J., May 12 /PRNewswire-FirstCall/ -- Merrimac Industries, Inc. , a leader in the design and manufacture of RF Microwave components, subsystem assemblies and micro-multifunction modules (MMFM(R)), today announced plans to release its first quarter 2008 financial results on Tuesday, May 13, 2008.

Investors are invited to participate in the financial results conference call on Tuesday, May 13, 2008 at 4:15 p.m. (Eastern) by dialing 1-888-215-7030 (for International callers: 1-913-981-4905) five minutes prior to the scheduled start time, and reference the Merrimac Industries first quarter 2008 conference call. For those unable to participate, a replay will be available for seven days by dialing 1-888-203-1112, or 1-719-457-0820 for international callers, passcode number 8982348.

This conference call will also be broadcast live over the internet by logging on to the web at this address:

http://www.videonewswire.com/event.asp?id=48590

If you are unable to participate during the live webcast, a link to the archived webcast will be posted on the Merrimac Industries, Inc. website http://www.merrimacind.com/ .

About Merrimac

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

Merrimac Industries, Inc. has facilities located in West Caldwell, NJ and San Jose, Costa Rica and has approximately 190 co-workers dedicated to the design and manufacture of signal processing components, gold plating of high- frequency microstrip and bonded stripline Teflon (PTFE) circuits and subsystems providing Total Integrated Packaging Solutions(R) for wireless applications. Merrimac (MRM) is listed on the American Stock Exchange. Multi- Mix(R), Multi-Mix PICO(R), MMFM(R), System In A Package(R), SIP(R) and Total Integrated Packaging Solutions(R) are registered trademarks of Merrimac Industries, Inc. For more information about Merrimac Industries, Inc. please visit our website http://www.merrimacind.com/ .

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

Merrimac Industries, Inc.

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

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

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

Xyratex Executive Management to Present at the 2008 R.W. Baird Growth Stock Conference

HAVANT, England, May 12 /PRNewswire-FirstCall/ -- Xyratex Ltd. , a leading provider of modular enterprise class data storage subsystems and storage process technology, announced today that Richard Pearce, Xyratex CFO will present at the R.W. Baird Growth Stock Conference:

When: Thursday, May 15, 2008, at 11:05 a.m. ET/8:05 a.m. PT Where: The Four Seasons Hotel -- Chicago, Illinois Presenter: Richard Pearce, CFO URL for webcast: http://www.xyratex.com/investors About Xyratex

Xyratex is a leading provider of modular enterprise class data storage subsystems and storage process technology. The company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products to support high-performance storage and data communication networks. Xyratex has over 20 years of experience in research and development relating to disk drives, storage systems and high- speed communication protocols.

Founded in 1994 in a management buy-out from IBM, and with its headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States and South East Asia. For more information, visit http://www.xyratex.com/.

Xyratex Ltd.

CONTACT: Brad Driver, Xyratex Investor Relations, +1-408-325-7260,
bdriver@us.xyratex.com

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

No Immediate Damage to Monolithic Power Systems Chengdu Facility as a Result of Earthquake

SAN JOSE, Calif., May 12 /PRNewswire-FirstCall/ -- Monolithic Power Systems (MPS) , a leading fabless manufacturer of high-performance analog and mixed-signal semiconductors, reports that there is no immediate damage to its Chengdu facility as a result of today's earthquake in the Sichuan province, and that its employees in Chengdu are all accounted for and safe. The facility will be closed temporarily to check power, equipment and facilities, and to provide employees time with their families.

Safe Harbor Statement

This press release contains forward-looking statements regarding MPS' facility in Chengdu, China and the impact of a recent earthquake in China. These statements are not historical facts or guarantees of future performance or events, are based on current expectations, estimates, beliefs, assumptions, goals, and objectives, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed by these statements. Readers of this press release are cautioned not to place undue reliance on any forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, the risks, uncertainties and costs of undiscovered damage to the Company's test facility in Chengdu; unanticipated power outages, closure of public transport or other infrastructure facilities in China and other disruptions caused as a result of the earthquake; and other important risk factors identified in MPS' SEC filings, including, but not limited to, its Form 10-K filed on March 11, 2008.

The forward-looking statements in this press release represent MPS' current knowledge, not predictions of actual performance. MPS assumes no obligation to update the information in this press release.

About Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. (MPS) develops and markets proprietary, advanced analog and mixed-signal semiconductors. The company combines advanced process technology with its highly experienced analog designers to produce high-performance power management integrated circuits (ICs) for DC to DC converters, LED drivers, Cold Cathode Fluorescent Lamp (CCFL) backlight controllers, Class D audio amplifiers, and Linear ICs. MPS products are used extensively in computing and network communications products, LCD monitors and TVs, and a wide variety of consumer and portable electronics products. MPS partners with world-class manufacturing organizations to deliver top quality, ultra-compact, high-performance solutions through the most productive, cost- efficient channels. Founded in 1997 and headquartered in San Jose, California, the company has expanded its global presence with sales offices in Taiwan, China, Korea, Japan, and Europe, which operate under MPS International, Ltd.

Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.

Monolithic Power Systems, Inc.

CONTACT: Rick Neely, Chief Financial Officer of Monolithic Power
Systems, Inc., +1-408-826-0777, investors@monolithicpower.com

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

Hastings Entertainment to Announce Results for First Quarter of Fiscal Year 2008 on May 19, 2008

AMARILLO, Texas, May 12 /PRNewswire-FirstCall/ -- Hastings Entertainment, Inc. , a leading multimedia entertainment retailer, will announce financial results for the first quarter of fiscal year 2008 via a press release issued before the market opens on Monday, May 19, 2008.

About Hastings

Hastings Entertainment, Inc. is a leading multimedia entertainment retailer that combines the sale of new and used CDs, books, videos and video games, as well as trends merchandise, with the rental of videos and video games in a superstore format. We currently operate 153 superstores, averaging approximately 20,000 square feet, primarily in medium-sized markets throughout the United States.

We also operate http://www.gohastings.com/, an e-commerce Internet Web site that makes available to our customers new and used entertainment products. The site features exceptional product and pricing offers. The Investor Relations section of our web site contains press releases, a link to request financial and other literature and access to filings with the Securities and Exchange Commission.

Hastings Entertainment, Inc.

CONTACT: Dan Crow, Vice President and Chief Financial Officer of
Hastings Entertainment, Inc., +1-806-677-1422

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

Astrata Group is Awarded a Major Telematics Contract by Cotecna for Customs Vehicle Monitoring Equipment for the Government of Senegal

COSTA MESA, Calif., May 12 /PRNewswire-FirstCall/ -- Astrata Group (BULLETIN BOARD: ATTG) announced today that Geneva-based Cotecna Group SA, one of the world's leading trade inspection, security and certification companies, has been awarded a major contract to produce a transit monitoring system for the Government of Senegal's customs operations.

The contract, the first for Astrata in the West African country, is to provide Remotely Deployed Units (RDUs) and fixed tracking units as part of Cotecna's Transit Monitoring & Traceability solution, which is designed to remotely monitor the movement of vehicles transporting goods.

Pat Ellis, Astrata's Regional Director for Europe and Africa said, "Astrata has been working closely with Cotecna on several public sector opportunities and we are pleased to announce the first of these to come to fruition in Senegal."

"This contract for the Senegalese government project underlines our progress in marketing Astrata's advanced Telematics solutions in international markets," Ellis said.

Michel Lagarde, Vice President Institutional Business Department / Customs Support Unit with Cotecna said, "Astrata offers us flexibility in its fixed and remotely deployed tracking solutions. Astrata's global experience in providing these solutions was very important to us. It is ideally suited to the customs and excise project in Senegal."

Under the terms of the contract, transit vehicles will be equipped with either Astrata's GLP100 or RDU GPS devices. Both devices are capable of detecting a vehicle's exact location and are equipped with a communication module, which transmits data concerning the vehicle's position, speed and direction and reports on predefined events to a remote control station. This information enables Senegal's Customs Department to enforce compliance with transit regulations and rapidly detect any abnormal behavior occurring during a journey, such as prolonged vehicle immobilization or deviation from an authorized route.

Initial delivery of the GLP100 units is scheduled for July 2008. Deliveries of the Remotely Deployed Units are set for mid-August.

Astrata's GLP100 is a compact and technologically advanced GPS tracking device specifically developed to meet the rigorous demands of fleet management and homeland security applications. A primary feature is its small, flat and lightweight form, making it easy to conceal within a vehicle. It boasts real-time monitoring, secure communications and expandability to other sensors, effectors and data devices.

Astrata's RDU is a state of the art module, which permits self-contained, battery operated tracking units to be fixed to vehicles in a matter of seconds. Using the RDU, the trucks can be monitored moving along expected routes. The RDU can easily be swapped between vehicles and is an effective tool for many situations in which vehicles need to be monitored for a limited period of time.

About Astrata Group, Inc.

Astrata Group, Inc., (BULLETIN BOARD: ATTG) is a US publicly listed company. Astrata is focused on advanced location-based IT services and solutions (telematics) that combine GPS positioning, wireless communications (satellite or terrestrial) and geographical information technology, which together enable businesses and institutions to monitor, trace as well as control the movement and status of machinery, vehicles, personnel or other assets. Astrata has designed, developed, manufactured and currently supports seven generations of telematics systems with units deployed worldwide.

Astrata has offices throughout the world including the United States, Europe and Asia. For further information please visit http://www.astratagroup.com/ .

About Cotecna:

Founded in Switzerland in 1974, the COTECNA Group offers a wide range of trade facilitation services, trade security services and quality certification standards. Cotecna is a pioneer in areas such as risk management, destination inspection and scanner integration projects and also offers Customs modernization programmes, Customs valuation assistance, transit monitoring solutions, trade security solutions and commercial inspections. For a full description of our services, please visit http://www.cotecna.com/ . The Cotecna Group has a combined workforce of about 4,000 employees and agents in close to 100 offices and holds 15 government inspection contracts.

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 Astrata Group Incorporated (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 & IR/Financial Contacts: Richard Nelson Astrata Group Inc. rnelson@astratagroup.com Tel: +44 (0)7795 422211 Alison Bourgeois Cotecna Inspection SA Alison.Bourgeois@cotecna.ch Tel: +41 22 849 78 23 Richard Stern Stern & Co. (PR Agency for Astrata Group) richstern@sternco.com Tel: 212-888-0044 Gerald Amato Booke & Co. (IR company for Astrata Group) gamato@bookeandco.com Tel: 212-490-9095 Todd M. DeMatteo DOMINICK AND DOMINICK LLC (Financial Advisors for Astrata Group) Tel: 212-558-8809 tdematteo@dominickanddominick.com

Astrata Group

CONTACT: Richard Nelson of Astrata Group Inc., +44(0)7795-422211,
rnelson@astratagroup.com; or Alison Bourgeois of Cotecna Inspection SA,
+41-22-849-78-23, Alison.Bourgeois@cotecna.ch; or Richard Stern of Stern &
Co., PR Agency for Astrata Group, +1-212-888-0044, richstern@sternco.com; or
Gerald Amato of Booke & Co., IR company for Astrata Group, +1-212-490-9095,
gamato@bookeandco.com; or Todd M. DeMatteo of DOMINICK AND DOMINICK LLC,
Financial Advisors for Astrata Group, +1-212-558-8809,
tdematteo@dominickanddominick.com

Web site: http://www.astratagroup.com/
http://www.cotecna.com/

Digital Info Security Company and CIO Works Partner in Servicing SMB Clients

WESTMINSTER, Colo., May 12 /PRNewswire-FirstCall/ -- Digital Info Security Company (Pink Sheets: DGIF) (DISC) is pleased to announce its referral partnership with CIO Works, LLC, a professional services company specializing in business and technology consulting services and business continuity.

The referral partnership allows CIO Works to augment its service offering to its clients around the world and enables DISC to expand its customer base.

While DISC's full offering of IT solutions are available to clients of CIO Works, DISC's RestoreRex(TM) remote backup service is one of CIO Works' core business continuity strategies for the SMB marketplace. Several CIO Works customers have already begun using RestoreRex(TM) and DISC's Secondary MX Record email continuity service, jointly increasing revenues.

For additional information about this announcement, contact DISC at 866-841-5970 or visit http://www.disecurityco.com/.

ABOUT DIGITAL INFO SECURITY COMPANY

DISC specializes in automated services for compliance such as Remote Backup, Email/Instant Message Archiving & Monitoring, Electronic Discovery, Email Encryption and other IT solutions for companies of all sizes.

DISC purchased an email archiving company in April 2005 and expanded its infrastructure to include a state-of-the-art data center. DISC's management has extensive experience in Internet security, SEC, HIPAA and other regulatory compliance solutions.

ABOUT CIO WORKS, LLC

Based out of Colorado, CIO Works (http://www.cio-works.com/) offers Business Technology Strategy, Information Technology Solutions, Application Integration & Development, Small Business Vendor Relations, Business Continuity, Network Security, Scheduled & On-Demand Computer Support, and Server Design, Implementation & Maintenance.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Terminology such as "anticipate," "believes," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by the Company.

Digital Info Security Company

CONTACT: James Clark, 1-866-841-5970, for Digital Info Security Company

Web site: http://www.disecurityco.com/
http://www.cio-works.com/

Design Reactor Selected as Interactive Agency of Record by Navigant Consulting- Global Consulting Firm Selects Integrated Digital Marketing Firm as Marketing Partner -

CAMPBELL, Calif., May 12 /PRNewswire/ -- Design Reactor, a full-service integrated digital marketing agency, today announced that it has been selected as Interactive Agency of Record by Navigant Consulting, Inc. , a global consulting firm. As Navigant's interactive agency of record, Design Reactor will be architecting and deploying a comprehensive digital marketing strategy that furthers Navigant's corporate objectives and vision. Having recently launched the Navigant http://www.navigantconsulting.com/ website, Design Reactor will further develop a variety of digital deliverables that support their global marketing efforts.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080512/CLM054LOGO)

"Design Reactor brings deep knowledge and a high level of technical expertise to our marketing efforts," said Andrew Bosman, Chief Marketing Officer for Navigant Consulting. "Their insights and experiences leveraging digital technology to showcase our expertise and thought leadership has led to a cutting edge and 'unique-to-the-industry' website for our firm. We look forward to continuing to work with Design Reactor to leverage new technologies in furthering our brand message."

Scott Kellner, Design Reactor's director of client services said, "We're very enthusiastic to be working with Navigant. The launch of the new Navigant website leverages new online virtual experience technologies in order to differentiate their brand. We're inspired by the challenge to consistently deliver critical industry and thought leadership information dynamically to its thousands of employees, partners, and customers around the world."

"We're extremely proud of this achievement," noted Paul Dodd, vice president of business development and client solutions. "We believe Navigant's criteria for Interactive Agency of Record validates that global companies are finding value in smaller interactive agencies like us whose foundation and competencies are purely built around digital marketing. With advanced virtual social engagement platforms, smarter will continue to be valued over bigger."

About Design Reactor

Design Reactor provides integrated digital marketing services by combining intelligence, strategic planning, and proven creative and technology innovation to deliver effective, results-driven marketing communications. The agency services industry leaders such as AMD, Cisco, Disney, HP and Motorola. For over 10 years, the agency has developed award-winning digital marketing solutions that have been at the forefront of technology development, setting precedent by establishing emerging digital communications channels and platforms. The company is headquartered in Campbell, California with an office in Austin, Texas. Visit http://www.designreactor.com/ for more information.

About Navigant Consulting

Navigant Consulting, Inc. is a specialized independent consulting firm providing dispute, financial, regulatory and operational advisory services to government agencies, legal counsel and large companies facing the challenges of uncertainty, risk, distress and significant change. The Company focuses on industries undergoing substantial regulatory or structural change including healthcare, energy and financial and insurance services, and on the issues driving these transformations. "Navigant" is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI's use of "Navigant" is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at http://www.navigantconsulting.com/.

Press Contact: Jill Sugita-Hulme Design Reactor 408.341.1202 jill_hulme@designreactor.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080512/CLM054LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Design Reactor

CONTACT: Jill Sugita-Hulme of Design Reactor, +1-408-341-1202,
jill_hulme@designreactor.com

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

GibbsCAM Featured at Mori Seiki Innovation DaysLeading CAM Provider Will Demonstrate Comprehensive Support of Mori Seiki's Product Line

MOORPARK, California, May 12 /PRNewswire-FirstCall/ -- Cimatron limited , a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, announced today that GibbsCAM(R), its CAM software for programming CNC machine tools will be demonstrated at Mori Seiki's upcoming Innovation Days on May 14th - 16th. Innovation Days, which highlights Mori Seiki's latest CNC technology and also celebrates Mori Seiki's 25th Anniversary, is being held at Mori Seiki USA's Chicago Technical Center. Gibbs will demonstrate GibbsCAM's NC programming support of Mori Seiki's conventional and advanced multi-tasking machine tools. Gibbs will also demonstrate the latest GibbsCAM enhancements which fully supports Mori Seiki's innovative spinning tool turning. GibbsCAM support for Mori Seiki's spinning tool operation includes rough and finish turning on any type of lathe part and the ability to control the tool axis in a variety of ways to provide an optimal tool-part cutting condition.

"Gibbs is pleased to participate at Mori Seiki's Innovation Days event and to congratulate them on their 25th anniversary," stated Bill Gibbs, president and CEO of Gibbs and Associates. "We have worked closely with Mori Seiki to ensure that GibbsCAM supports the extensive functionality of their machine tools. Most recently, we have worked with Mori Seiki to support their spinning tool turning capability, a new approach to machining which is ideally suited for multi-tasking machine tools. We look forward to demonstrating GibbsCAM's ease-of-use in programming even the most complex Mori Seiki models."

GibbsCAM offers comprehensive support for Mori Seiki's complete line of machine tools including verification by Mori Seiki for their NT and NMV lines of multi-task machine tools. GibbsCAM's what-you-see-is-what-you-machine post processors allow users to program in confidence with the assurance that posted output is accurate and edit-free.

For more information about GibbsCAM, or to locate your local GibbsCAM Reseller, go to http://www.gibbscam.com/, call +1-800-654-9399, or email info@GibbsCAM.com. To find out more about Mori Seiki's Innovation Days or to register online, go to http://www.moriseikius.com/id.

About Gibbs and Associates and GibbsCAM

For over twenty years, Gibbs and Associates has been a leader in providing cutting edge CAD/CAM technology, while maintaining its signature ease-of-use and productivity. Powerfully Simple, Simply Powerful is the guiding philosophy at Gibbs. Gibbs believes in empowering the NC programmer, machinist, and manufacturing engineer, not eliminating them. Gibbs' goal is to introduce manufacturers to new technologies and new ways of working that makes their machining easier and their businesses more profitable. To achieve this goal, Gibbs creates tools that are naturally intuitive, graphically interactive, extremely visual, associative, and just plain enjoyable to use. Gibbs provides a total quality solution with the service and support successful customers require.

The current GibbsCAM product line supports 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. GibbsCAM also provides fully integrated manufacturing modeling capabilities that include 2D, 2.5D, 3D wireframe, surface, and solid modeling. GibbsCAM has received Microsoft's "Designed for Windows XP/2000" and "Works with Windows Vista" certifications. GibbsCAM's data exchange capabilities are able to access the broadest range of native and industry standard CAD data formats. GibbsCAM is certified under the Autodesk Inventor Certified Application Program, is a Solid Edge Certified Select Product, and is a SolidWorks Certified CAM Product. GibbsCAM is either offered or endorsed by a number of leading worldwide control and machine tool manufacturers, including GE Fanuc, Infimatic, Siemens, Doosan Infracore, Haas, Index, MAG Fadal, Mazak, Mitsubishi, Mori Seiki, and Tornos. Gibbs and Associates distributes its products worldwide through a network of international Resellers.

In January 2008, Gibbs and Associates merged with Cimatron Ltd, and is now operating as a wholly owned subsidiary. For more information about Gibbs and Associates and its CAM software packages, call +1-800-654-9399, or visit the company on-line at http://www.gibbscam.com/.

About Cimatron

With over 25 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time.

The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrodes design, 2.5 to 5 axes milling, wire EDM, turn, Mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.

Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company web site at: http://www.cimatron.com/.

The Gibbs logo, GibbsCAM, GibbsCAM logo, Virtual Gibbs, Gibbs SFP, SolidSurfacer, MTM and "Powerfully Simple. Simply Powerful." are either trademark(s) or registered trademark(s) of Gibbs and Associates in the United States and/or other countries. Microsoft, Windows, and the Windows logo are trademarks, or registered trademarks of Microsoft Corporation in the United States and/or other countries. All other brand or product names are trademarks or registered trademarks of their respective owners.

Safe Harbor Statement

This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act Of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the company's plans, objectives and expected financial and operating results. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the company's ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Gibbs and Associates or Cimatron products and services, long sales cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Cimatron's filings with the Securities and Exchanges Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Gibbs and Associates and Cimatron undertake no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

For More Information Contact: Yvonne Anderson Gibbs and Associates Phone: +1-805-523-0004 Fax: +1-805-523-0006 Email: Yvonne.Anderson@GibbsCAM.com Ilan Erez Chief Financial Officer Cimatron Ltd. Phone: +972-3-531-2121 Email: ilane@cimatron.com Yael Nevat Commitment-IR.com Phone: +972-3-611-4466 +972-50-762-6215 Email: yael@commitment-IR.com

Cimatron Ltd

CONTACT: For More Information Contact: Yvonne Anderson, Gibbs and
Associates, Phone: +1-805-523-0004, Fax: +1-805-523-0006, Email:
Yvonne.Anderson@GibbsCAM.com; Ilan Erez, Chief Financial Officer, Cimatron
Ltd., Phone: +972-3-531-2121, Email: ilane@cimatron.com; Yael Nevat,
Commitment-IR.com, Phone: +972-3-611-4466, +972-50-762-6215, Email:
yael@commitment-IR.com

Season Three of Comedy Central(R)'S Multi-Platform Series 'Live at Gotham' Premieres Friday, June 6 at 10:00 P.M.Season Three Features Eight All-New Episodes With Hosts Jeff Dunham, Ralphie May, D.L. Hughley, Jim Norton, Kevin Hart, Rich Vos, Daniel Tosh and Tommy DavidsonLog-On To http://www.comedycentral.com/shows/live_at_gotham/index.jhtml Watch Exclusive Stand-Up Clips from the Third Season of "Live At Gotham"Additional Digital Platforms for "Live At Gotham" Include iTunes Podcast and Mobile

NEW YORK, May 12 /PRNewswire/ -- The walls of New York City's Gotham Comedy Club shake with laughter. COMEDY CENTRAL's first original multi-platform series "Live At Gotham" is back for another laugh-out-loud season. Tune in and crack up on Friday, June 6 at 10:00 p.m. as ventriloquist Jeff Dunham hosts the season three premiere of "Live At Gotham," featuring all-new exclusive comedic material.

"Live At Gotham" was taped at the Gotham Comedy Club in New York City. This season's on-air debut includes eight one-hour episodes with each featuring six up-and-coming comedians and one all-star host. Leading up to the on-air premiere and throughout the new season, exclusive stand-up clips will be available on comedycentral.com as well as other digital platforms such as mobile VOD and iTunes podcast. Beginning the week of June 2, exclusive interviews with "Live At Gotham" hosts can be viewed on http://www.comedycentral.com/shows/live_at_gotham/index.jhtml and iTunes podcast. Full episodes from season three will be available On Demand beginning June 30.

The premiere episode is hosted by Jeff Dunham and showcases the talent of JR Brown, Erik Griffin, Jared Logan, Anjelah Johnson, Michael Palascak and Lenny Marcus. Upcoming episodes include performances by Owen Benjamin, Hannibal Buress, Vince Averill, Erin Judge, Matt Braunger, Baron Vaughn and, from the new COMEDY CENTRAL series "Reality Bites Back," Mo Mandel and Theo Von. Season three also features hosts Ralphie May, D.L. Hughley, Jim Norton, Kevin Hart, Rich Vos, Daniel Tosh and Tommy Davidson.

For Q&A, clips and biographies of the comedians featured in "Live At Gotham," visit http://www.comedycentral.com/shows/live_at_gotham/index.jhtml.

"Live At Gotham" is executive produced by Stu Schreiberg, Robert Hartmann, Judi Marmel-Brown and Stephen Kroopnick. Lou Wallach and Christina Youry are executives in charge of production for COMEDY CENTRAL.

COMEDY CENTRAL, the only all-comedy network, currently is seen in more than 95 million homes nationwide. COMEDY CENTRAL is owned by, and is a registered trademark of, Comedy Partners, a wholly-owned division of Viacom Inc.'s MTV Networks. COMEDY CENTRAL's Internet address is http://www.comedycentral.com/. For up-to-the-minute and archival press information and photographs visit Press Central, COMEDY CENTRAL's press Web site at http://www.comedycentral.com/press.

MTV Networks, a unit of Viacom , is one of the world's leading creators of programming and content across all media platforms. MTV Networks, with more than 150 channels worldwide, owns and operates the following television programming services - MTV: MUSIC TELEVISION, MTV2, VH1, mtvU, NICKELODEON, NICK at NITE, COMEDY CENTRAL, TV LAND, SPIKE TV, CMT, NOGGIN/THE N, VH1 CLASSIC, MTVN INTERNATIONAL and THE DIGITAL SUITE FROM MTV NETWORKS, a package of 13 digital services, all of these networks trademarks of MTV Networks. MTV Networks connects with its audiences through its robust consumer products businesses and its more than 300 interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.

*All Times ET/PT

COMEDY CENTRAL Corporate Communications

CONTACT: Jamie Lee, +1-212-767-3949 jamie.lee@comedycentral.com

Web site: http://www.comedycentral.com/
http://www.comedycentral.com/shows/live_at_gotham/index.jhtml

Vocus to Present at Canaccord Adams On-Demand Software Conference 2008

LANHAM, Md., May 12 /PRNewswire-FirstCall/ -- Vocus, Inc., a leading provider of on-demand software for public relations management, today announced that Chief Financial Officer Steve Vintz will deliver a presentation on behalf of the company at the Canaccord Adams On-Demand Software Conference 2008 on Thursday, May 15 at 10:00 am ET at the Waldorf-Astoria Hotel in New York, NY.

Interested parties will be able to listen to and view Vocus' presentation by logging on through the Investor Relations Section of the Vocus' Corporate Website at http://onlinepressroom.net/vocus/ir/ .

About Vocus, Inc.

Vocus, Inc. is a leading provider of on-demand software for public relations management. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their public relations and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of public relations including media relations, news distribution and news monitoring. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 2,600 organizations worldwide and is available in five languages. Vocus is based in Lanham, MD with offices in North America, Europe, and Asia. For more information please visit http://www.vocus.com/ or call 800.345.5572.

This release contains "forward-looking" statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "expects," "projects," "anticipates," "estimates," "believes," "intends," "plans," "should," "seeks," and similar expressions. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus' filings with the Securities and Exchange Commission.

Vocus, Inc.

CONTACT: Robin Lane of Vocus, Inc., +1-301-683-6022

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

Motorola Earns CableLabs(R) Approval for DOCSIS(R) 3.0 SURFboard(R) Cable Modems and CMTSMotorola extends leadership in optimizing cable networks for high bandwidth video and data services

HORSHAM, Pa., May 12 /PRNewswire-FirstCall/ -- Motorola, Inc. today announced that it has achieved DOCSIS(R) 3.0 certification for the Motorola SURFboard(R) SB6120 and SBV6220 cable modems and DOCSIS 3.0 bronze qualification for the Motorola BSR 64000 cable modem termination system (CMTS)/edge router. The suite of customer premises equipment (CPE) and headend solution products successfully completed feature testing as part of the CableLabs(R) Certification Wave 58, based on the DOCSIS 3.0 CableLabs Project specification.

DOCSIS 3.0-based technology, including downstream channel bonding and IPv6, has been integrated into Motorola's SURFboard CPE and CMTS to help cable operators offer whole-home, high-bandwidth media services. The Motorola SURFboard SB6120 and SBV6220 modems support DOCSIS 3.0 data functionality and are backwards compatible with DOCSIS 1.0, 1.1, and 2.0 standards, allowing operators to deploy them today even ahead of an infrastructure upgrade to enable new advanced services.

In response to the explosion of consumer video applications, cable operators are looking to optimize their networks by delivering DOCSIS 3.0 technologies at the headend and in subscribers' homes. Motorola CMTS and cable modems are being used in successful end-to-end channel bonding deployments worldwide. Motorola enabled the world's first commercial channel bonding deployment through Starhub in Singapore, supports the first full-field deployment of DOCSIS 3.0 services for J:COM in Japan and delivers 100 Mbps high-speed data service to subscribers for Korea's largest cable operators.

"Motorola has been a leader in DOCSIS technology from day one, working to provide innovative solutions that interoperate with equipment throughout our customers' networks," said Alan Lefkof, corporate vice president and general manager, Motorola Broadband Solutions Group. "In addition to our cable modem certification and CMTS qualification, we offer customers the full knowledge of field experience in DOCSIS 3.0 implementations, complimented with our expertise in carrier-grade network and device management. We are committed to integrating bandwidth-expanding technologies into all of our SURFboard cable and digital voice modems, gateways and CMTS platform as well as to developing technologies and revolutionary architectures beyond DOCSIS 3.0."

"The DOCSIS 3.0 specification establishes ways for cable companies to tie multiple 6 MHz transmission channels together to deliver data at speeds in excess of 160 Mbps to consumers," said CableLabs President and CEO, Dr. Richard R. Green. "DOCSIS 3.0 also incorporates support for the Internet Protocol version 6 (IPv6), allowing cable operators to expand their service offerings beyond current limits. We would like to thank Motorola for the support shown for our DOCSIS initiative."

Motorola's SURFboard DOCSIS 3.0 CPE portfolio enables operators to: -- Protect their installed base of high-speed data customers -- Deliver new high-value / high-bandwidth, multimedia services -- Deliver competitive, high-capacity commercial services to their business customers

Designed for service assurance, the Motorola SURFboard DOCSIS 3.0 CPE are compatible with Motorola's NBBS Device Management Platform and Motorola's eCare for remote access customer component troubleshooting and configuration, eliminating unnecessary truck rolls.

Motorola's commitment to invest in the BSR 64000 CMTS/edge router and to provide innovative solutions to cable operators in the battle over bandwidth is demonstrated by this recent accomplishment. The TX32 DOCSIS 3.0 Decoupled Downstream Module enables operators to:

-- Quintuple downstream capacity of a BSR 64000 while maintaining full redundancy -- Reduce cost per downstream channel by up to 60% -- Simultaneously support of DOCSIS compliant 1.x, 2.0 and new DOCSIS 3.0 cable modems and feature sets

Motorola will be showcasing the DOCSIS 3.0 certified and qualified products at The Cable Show, May 18-20, 2008 at the New Orleans Convention Center, South Hall, Booth #1405.

Editors' note: For more information on the Motorola SB6120 and SBV6220 cable modems and BSR 64000 CMTS/edge router, please see the attached fact sheet.

About Motorola

Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.

MOTOROLA, stylized M Logo, and SURFboard are registered in the US Patent & Trademark Office. DOCSIS and CableLabs are registered trademarks of Cable Television Laboratories, Inc. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.

Fact Sheet SURFboard(R) SB6120 Cable Modem

The Motorola SURFboard SB6120 is DOCSIS 3.0 certified. It enables cable operators to provide their customers advanced multimedia services through additional upstream and downstream bandwidth availability. It provides them with an economic option for greater than 160 Mbps of user data throughput, without the need for hybrid fiber coax (HFC) plant upgrade. The SB6120 supports IPv4 and IPv6 as well as Advanced Encryption Services as part of the DOCSIS 3.0 standards.

The SURFboard SB6120's enhanced tuner supports up to a 1 GHz downstream input allowing a cable operator to increase the frequency spectrum for downstream data services. It is backwards compatible to DOCSIS 1.0, 1.1, 2.0 and can be deployed without service interruption, maximizing current infrastructure investment and enabling deployment of new value-added services.

The SURFboard SB6120 connects to a computer through a 10/100/1000 Base-T (RJ-45) Ethernet and provides intuitive, easy to read front panel operational status LEDs for: power, receive, send, online, and PC connectivity. Operators can optionally activate dual colored LEDs for a customer to have visual verification of bonded channels and GigE link.

SURFboard(R) SBV6220 Cable Modem

The Motorola SURFboard Digital Voice Modem (SBV6220) with Lithium-ion battery backup is DOCSIS 3.0 based. It enables a cable operator to provide their customers advanced multimedia services through additional upstream and downstream bandwidth availability.

The SURFboard SBV6220 uses industry standard signaling protocols to provide high-speed internet access and up to two lines of full-featured digital voice telephone service over cable's broadband connection to the home. It provides them with an economic option for greater than 160 Mbps of user data throughput, without the need for a hybrid fiber coax (HFC) plant upgrade.

The SURFboard SBV6220 supports both IPv4 and IPv6, and Advanced Encryption Services as part of the DOCSIS 3.0 standards.

A component of the SURFboard SB6120 and SBV6220, the Puma 5 family is the first DOCSIS 3.0 cable modem chipset providing a flexible and scalable platform that enables equipment manufacturers to build systems for compelling next-generation voice, data and video service offerings to meet varied market needs. For more information, please visit http://www.ti.com/corp/docs/landing/puma5.

Motorola BSR 64000 cable modem termination system (CMTS)/edge router

The Motorola Broadband Services Router 64000 (BSR 64000) is a fully redundant carrier-class intelligent edge router with an integrated DOCSIS 3.0 qualified and EuroDOCSIS 3.0 based high-density CMTS supporting next- generation ultra broadband cable services.

The BSR 64000 can be configured as a traditional chassis-based CMTS or configured to enable the vast benefits offered with next-generation DOCSIS 3.0 features associated with the integrated-CMTS (I-CMTS) and Modular-CMTS (M-CMTS) access networks architectures.

The BSR 64000 can be configured for I-CMTS with the addition of the Motorola TX32 decoupled downstream module. The deployment of the TX32 provides a significant increase in downstream capacity and an increase in downstream bandwidth. It allows operators to deploy ultra-broadband services with data speeds in excess of 145 Mbps to a single DOCSIS 3.0 cable modem, and over 200 Mbps to a single EuroDOCSIS cable modem, by leveraging DOCSIS 3.0 downstream channel bonding.

MOTOROLA, SURFboard and the stylized M Logo are registered in the US Patent & Trademark Office. DOCSIS and CableLabs are registered trademarks of Cable Television Laboratories, Inc. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.

Photo: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Motorola, Inc.

CONTACT: Media, Therese Van Ryne of Motorola, Inc., +1-847-370-2317,
Therese.vanryne@motorola.com; or Industry Analyst, Kathy Wiesner of Motorola
Home & Networks Mobility, +1-847-632-6021, k.wiesner@motorola.com

Web site: http://www.motorola.com/
http://business.motorola.com/ultrabroadbandsolutions/home.html
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3&pageLocaleId=36

Old Lyme, Connecticut Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

OLD LYME, Conn., May 12 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in New London County, Verizon Wireless has activated a new cell site. The new site increases high-speed wireless data coverage and capacity along Boston Post Road and I-95 in Old Lyme, Connecticut.

Verizon Wireless has invested more than $45 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested nearly $2.2 billion into its New England network, including over $292 million in 2007 alone. As a result of these investments, every Verizon Wireless cell site in New England offers wireless broadband connectivity.

BroadbandAccess offers computer users the nation's most reliable high-speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps over Verizon Wireless' BroadbandAccess with EV-DO Revision A network. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones.

Strong demand for Verizon Wireless services continued during the first quarter of 2008 as the company added 1.5 million net new customers and, for the fourteenth consecutive quarter, reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.

The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high-population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

About Verizon Wireless

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

Verizon Wireless

CONTACT: Michael Murphy of Verizon Wireless, +1-781-932-1213; or Marcia
Simon of Thomson Communications, +1-860-399-0191

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

Hostopia launches fax-to-email servicePrivate label wholesale service allows telecoms to tap into high growth IP Fax market with key patent license

MISSISSAUGA, ON and FT. LAUDERDALE, FL, May 12 /PRNewswire-FirstCall/ -- Hostopia.com, Inc. (TSX: H) today announced the launch of a private labeled, wholesale fax-to-email service that telecoms and other service providers can sell to their small business customers. Also known as "IP fax" in the communications services market, fax-to-email services allow a user to send or receive facsimile messages from their computer - typically within their preferred email application such as Microsoft Outlook. The benefit to this is having the ability to send or receive fax messages without the expense and inconvenience of owning a physical fax machine and additional phone line.

"Fax-to email is in high demand as a business service with annual growth of over 25% according to a prominent category study published by Davidson Consulting," says Paul D. Engels, Hostopia's Chief Marketing Officer. "Our wholesale customers such as telecoms and broadband companies are eager to offer these services to their SME customers," he adds.

Hostopia's fax-to-email service is available to telecoms and other communications providers on a wholesale basis. It can be branded by the telecom and sold as a standalone service or as part of a bundle of services, such as web hosting and business email. It can be billed to end users directly by the telecom or sold on a referral model where Hostopia performs the billing and end-user support.

"Service providers who sell this service will enjoy the benefit of patent protection due to our license with j2 Global Communications, the leader in IP fax technology," says Engels.

"j2 Global licenses its patents to leading companies worldwide. We are especially delighted to add Hostopia as a licensee because they have a demonstrated ability to successfully sell IP-based business solutions on a large scale basis to telecommunications and Internet service providers," said Jeffrey D. Adelman, Vice President and General Counsel of j2 Global. "This agreement is a great opportunity to expand the market for digital faxing services by delivering these patented solutions into the hands of a leading service provider."

According to Hostopia - citing the Davidson Consulting report on IP fax services - demand for fax-to-email is driven largely by small enterprises that rely heavily on faxing in day-to-day business. This demand includes the need to be mobile while receiving important documents via email on a PDA or smart phone device, such as RIM's Blackberry.

Hostopia's fax-to-email service has suggested retail prices for service providers starting at US$9.99 per month, which allows for 300 send or received pages. Hostopia's wholesale model is structured to provide at least 40% gross margin to the telecom service provider who retails the service.

About Hostopia

Hostopia is a leading provider of web services that enable small- and medium-sized businesses to establish and maintain an Internet presence. The company's customers are communication services providers, including telecommunication carriers, cable companies, Internet service providers, domain registrars, and web hosting service providers. Hostopia's customers purchase their web services on a wholesale basis and resell these services under their own brands to small- and medium-sized businesses. The company provides customers with the technology, infrastructure, and support services to enable them to offer web services, while saving them research and development as well as capital and operating costs typically associated with the design, development, and delivery of web services. Nexthaus, Hostopia's wireless mobility technology unit, is a global leader in data and device synchronization and has developed industry-recognized SyncML solutions that feature wireless interoperability between PC's, handheld devices and mobile phones. For more information, visit http://www.hostopia.com/ and http://www.nexthaus.com/.

Forward-Looking Information

This press release includes certain "forward-looking statements" and forward-looking information that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. These forward-looking statements and forward-looking information include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. Our actual results could differ materially from those anticipated in these forward-looking statements and forward-looking information upon completion of the review of our year end results by our independent registered public accounting firm. These statements are based on our current beliefs or expectations and there are a number of important factors that could cause the actual results or outcomes to differ materially from those indicated by these forward-looking statements, including without limitation, our ability to maintain our sales efficiency, our ability to maintain our existing, and develop new, strategic relationships, the number of our net subscriber additions, our monthly customer turnover and our ability to successfully integrate recently acquired businesses and operations and those risks set forth or referenced under the caption "Risk Factors" in Hostopia's Annual Report on Form 10-K for the year ended March 31, 2007, as filed with the Securities and Exchange Commission. These filings are available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov/ and on our corporate website http://www.hostopia.com/ under Investor Relations.

Hostopia.com Inc.

CONTACT: Paul D. Engels, CMO & Executive Vice President, Hostopia.com
Inc., Tel: (877) 322-9438, Email: marketing@hostopia.com; Gordie Campbell,
Investor Relations, Hostopia.com Inc., Tel: (877) 444-4116, Email:
invest@hostopia.com

ICOP Sponsors FOX's America's Most Wanted 'Night of a Thousand Captures' in New York City

LENEXA, Kan., May 12 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. , an industry-leading company engaged in advancing digital surveillance solutions, is pleased to announce its sponsorship of FOX's America's Most Wanted "Night of a Thousand Captures." As part of National Police Week and in recognition of the powerful way that private citizens and law enforcement officers can work together through the use of mobile technology, ICOP, Sprint and Panasonic are hosting the event to celebrate America's Most Wanted and its host John Walsh for the successful capture of 1,000 fugitives from justice.

WHO: Dave Owen, CEO and Chairman Laura Owen, President and COO WHEN: Wednesday, May 14th, 2008 at 6:00 PM ET - 8:00 PM ET WHERE: Arena NYC 135 West 41st Street New York City WHAT: ICOP Digital, a Sprint partner, is proud to sponsor this historic milestone for America's Most Wanted. ICOP Digital is one of the nation's leading providers of advanced surveillance solutions for law enforcement, which includes its innovative ICOP LIVE(TM) audio and video streaming solution. ICOP LIVE relays critical real-time information concerning a site or event to first responders before they reach the scene. The solution enables audio and video to live stream to and from a first responder vehicle -- over the Sprint Mobile(R) Broadband Network, optimized by EV-DO Revision A, the nation's largest wireless high speed network -- reaching more than 206 million people across the country. Law enforcement can live stream audio and video from the ICOP Model 20/20-W in their vehicles to police headquarters (to multiple web-enabled Windows(R) devices, such as smart phones, PDAs, laptops, desktops, etc.). The video can live stream to multiple viewers simultaneously, all using secure protocols. High quality images are recorded and stored on a local server for use as unimpeachable evidence in court.

Aired weekly on FOX on Saturday nights, 9:00 PM ET - 10:00 PM ET, America's Most Wanted is the iconic crime-busting show hosted by John Walsh, who hunts for some of the nation's most dangerous criminals. The show first aired on February 7, 1988 and is tied with 48 Hours as the eighth-longest-running prime time network show ever, behind 60 Minutes, Monday Night Football, The Wonderful World of Disney, 20/20, The Ed Sullivan Show, Gunsmoke and The Red Skelton Comedy Hour.

NOTE TO PRESS: To book an interview with ICOP officials or arrange to view a demonstration of ICOP LIVE, please contact John Morrison or Tiffany Korkis at 407-585-1080 or via email at ICOP@efcg.net.

About ICOP Digital, Inc.

ICOP Digital, Inc. operates on the core principle that 'without local security, there is no national security.' It endeavors to protect people, assets and profits for communities with innovative, mission-critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. (GSA Contractor)

The ICOP Model 20/20(R)-W, ICOP's flagship, award-winning product, is the leading digital in-car video recorder system for law enforcement. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced real-time situational awareness and actionable intelligence, optimizing the outcome of a crisis. ICOP LIVE delivers live video wirelessly to first responders over any wireless network and to multiple internet enabled Windows(R) devices simultaneously. The ICOP Model 4000(TM), ICOP's newest advanced surveillance solution, is the next generation transit/rail DVR system. The ICOP Model 4000 uses less power than traditional DVR's, which means less heat and translates into a more reliable unit with less downtime. In addition, the ICOP Model 4000 boasts many advanced and innovative features and capabilities, such as wireless file uploading and wireless video streaming, among many others.

For more information, please view the following video presentations at http://www.icopdigital.com/why_icop.html and http://www.icop.com/veil.html, or visit http://www.icop.com/.

For more information, contact: For Investor/Media Relations: Laura E. Owen, President and COO Elite Financial Communications Group 16801 West 116th Street /Elite Media Group Lenexa, KS 66219 USA Dodi Handy, President and CEO Phone: (913) 338-5550 Phone: (407) 585-1080 Fax: (913) 312-0264 ICOP@efcg.net Lowen@ICOP.com http://www.icop.com/

ICOP Digital, Inc.

CONTACT: Laura E. Owen, President and COO of ICOP Digital, Inc.,
+1-913-338-5550, fax, +1-913-312-0264, Lowen@ICOP.com; Investor - Media
Relations: Dodi Handy, President and CEO of Elite Financial Communications
Group - Elite Media Group, +1-407-585-1080, ICOP@efcg.net, for ICOP Digital,
Inc.

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

Material Sciences Corporation to Conduct Conference Call on May 14, 2008, Regarding Fourth Quarter and Fiscal 2008 Results

ELK GROVE VILLAGE, Ill., May 12 /PRNewswire-FirstCall/ -- Material Sciences Corporation , a leading provider of material-based solutions for acoustical and coated applications, today announced it will host a conference call on its fourth quarter and full-year results on Wednesday, May 14, at 9:00 a.m. Central Time. Clifford D. Nastas, chief executive officer, and James M. Froisland, senior vice president, chief financial officer, chief information officer and corporate secretary, will discuss the company's recent financial performance and respond to questions from the financial community.

MSC invites interested investors to listen to the presentation, which will be carried live on the Internet at the company's Web site: http://www.matsci.com/. A replay of the call will be available on the site for the following 30 days. Those who wish to listen should go to the Web site several minutes before the discussion begins. After clicking on the presentation icon, investors should follow the instructions to ensure their systems are set up to hear the event, or download the correct applications at no charge.

About Material Sciences

Material Sciences Corporation is a leading provider of material-based solutions for acoustical and coated applications. MSC uses its expertise in materials, which it leverages through relationships and a network of partners, to solve customer-specific problems. The Company's stock is traded on the New York Stock Exchange under the symbol MSC.

COMPANY CONTACT: James M. Froisland Senior Vice President, Chief Financial Officer, Chief Information Officer and Corporate Secretary 847-718-8020 MEDIA CONTACT: Katie Wood Znameroski Edelman 312-240-2827

Material Sciences Corporation

CONTACT: James M. Froisland, Senior Vice President, Chief Financial
Officer, Chief Information Officer and Corporate Secretary of Material
Sciences Corporation, +1-847-718-8020; or Media, Katie Wood Znameroski of
Edelman, +1-312-240-2827, for Material Sciences Corporation

Web Site: http://www.matsci.com/

Number of Online Videos Viewed in the U.S. Jumps 13 Percent in March to 11.5 BillionGoogle Sites Extends Online Video Market Share Lead to 38 Percent on Surge in Viewing at YouTube.com

RESTON, Va., May 12 /PRNewswire-FirstCall/ -- comScore , a leader in measuring the digital world, today released March 2008 data from the comScore Video Metrix service, indicating that U.S. Internet users viewed 11.5 billion online videos during the month, representing a 13-percent gain versus February and a 64-percent gain versus March 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO) Google Sites Extends Lead in Online Video Market Share

In March, Google Sites once again ranked as the top U.S. video property with more than 4.3 billion videos viewed (38 percent share of all videos), gaining 2.6 share points versus the previous month. YouTube.com accounted for 98 percent of all videos viewed at Google Sites. Fox Interactive Media ranked second with 477 million videos (4.2 percent), followed by Yahoo! Sites with 328 million (2.9 percent) and Viacom Digital with 249 million (2.2 percent).

Top U.S. Online Video Properties* by Videos Viewed March 2008 Total U.S. - Home/Work/University Locations Source: comScore Video Metrix Property Videos Share (%) of (000) Videos Total Internet 11,476,886 100.0 Google Sites 4,358,306 38.0 Fox Interactive Media 477,621 4.2 Yahoo! Sites 328,087 2.9 Viacom Digital 249,285 2.2 Microsoft Sites 245,453 2.1 Time Warner - Excl. AOL 159,009 1.4 Disney Online 108,055 0.9 ABC.COM 100,051 0.9 AOL LLC 100,044 0.9 ESPN 89,760 0.8

*Rankings based on video content sites; excludes video server networks. Online video includes both streaming and progressive download video.

Nearly 139 million U.S. Internet users watched an average of 83 videos per viewer in March. Google Sites also attracted the most viewers (85.7 million), where they watched an average of 51 videos per person. Fox Interactive attracted the second most viewers (54.3 million), followed by Yahoo! Sites (37.5 million) and Viacom Digital (26.6 million).

Top U.S. Online Video Properties* by Unique Viewers March 2008 Total U.S. - Home/Work/University Locations Source: comScore Video Metrix Property Unique Viewers Average Videos (000) per Viewer Total Internet 138,576 82.8 Google Sites 85,670 50.9 Fox Interactive Media 54,294 8.8 Yahoo! Sites 37,536 8.7 Viacom Digital 26,642 9.4 Microsoft Sites 25,194 9.7 Time Warner - Excl. AOL 22,366 7.1 AOL LLC 21,860 4.6 Disney Online 12,249 8.8 ESPN 10,053 8.9 CBS Corporation 9,486 6.6

*Rankings based on video content sites; excludes video server networks. Online video includes both streaming and progressive download video.

Other notable findings from March 2008 include: -- 73.7 percent of the total U.S. Internet audience viewed online video. -- 84.8 million viewers watched 4.3 billion videos on YouTube.com (50.4 videos per viewer). -- 47.7 million viewers watched 400 million videos on MySpace.com (8.4 videos per viewer). -- The average online video duration was 2.8 minutes. -- The average online video viewer watched 235 minutes of video.

To request more information about comScore Video Metrix, please visit http://www.comscore.com/contact

About comScore

comScore, Inc. is a global leader in measuring the digital world. For more information, please visit http://www.comscore.com/boilerplate.

Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com comScore, Inc.

CONTACT: Andrew Lipsman of comScore, Inc., +1-312-775-6510,
press@comscore.com

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

Traffic.com Helps Solve Memorial Day Driving IssuesSave Time and Frustration with Real-Time Traffic Tools

CHICAGO, May 12 /PRNewswire-FirstCall/ -- Traffic.com, a NAVTEQ brand and a leading source of traffic solutions for consumers, provides drivers across the United States Memorial Day road trip planning tools to save time and avoid the frustration of summertime driving delays.

In anticipation of the vacation season, Traffic.com reminds drivers they can access the real-time traffic information they'll need 24/7. This Memorial Day, drivers should remember three Traffic.com road-trip tools for information anywhere or anytime:

1. Save 1-866-MY-TRAFC (1-866-698-7232) to a phone favorites list before leaving home. This free hotline provides speed dial access to Traffic.com-ideal for avoiding heavy traffic, construction, and accidents on the way to the beach. 2. Use your wireless handheld device to connect to the Web with MOBI.TRAFFIC.COM. Visit http://mobi.traffic.com/, a free wireless Web site for the same great traffic information you get from Traffic.com online-ideal for keeping up with the kids' busy summer schedules. 3. Send a SMS text message to get real-time traffic information for city hotspots. Simply text your CITY CODE, (NY, CHIC, PHL, LA, etc.) to TRAFC (87232). Traffic.com city codes can be found at http://help.traffic.com/city-codes-used-for-sms-ideal for getting instant traffic information after a baseball game.

This Memorial Day use these Traffic.com tools and start the summer without the aggravation of traffic.

About NAVTEQ

NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has more than 3,500 employees located in 174 offices and in 32 countries.

NAVTEQ and Traffic.com are trademarks in the U.S. and other countries. All rights reserved.

This document may include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. The statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under "Item 1A. Risk Factors" in each of the Company's most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission.

Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. NAVTEQ does not undertake any obligation to update any forward-looking statements contained in this document.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO)

Photo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com NAVTEQ

CONTACT: Jennifer Schuh of NAVTEQ, +1-312-894-3913,
jennifer.schuh@navteq.com; or Bob Richter, +1-212-802-8588,
bob@richtermedia.com, for NAVTEQ

Web site: http://www.navteq.com/
http://www.traffic.com/

Oprah's XM Show 'Soul Series' Debuts as Weekly Streamed Web Event and Video Podcast on Oprah.com and XMradio.comXM Radio Online Launches Exclusive Channel for 'Soul Series'Plus, Millions Stream or Download Oprah.com's 'A New Earth' 10-Part Web Series; Summer School Session to Launch on June 16

CHICAGO and WASHINGTON, May 12 /PRNewswire/ -- On the heels of the incredibly successful "A New Earth" weekly Monday webinar series on Oprah.com that has attracted millions of users, select episodes of Oprah Winfrey's exclusive XM Radio show, "Soul Series," will now be made available as online streaming video and free video podcasts for download, it was announced today by Oprah.com, Harpo Radio and XM. Oprah's "Soul Series" debuts today as a weekly streamed web event on Oprah.com. Also, beginning today, video podcasts of Winfrey's popular weekly XM show are available for download through http://www.oprah.com/, http://www.xmradio.com/ and Apple Inc.'s iTunes Store (http://www.itunes.com/).

Additionally, "Soul Series" is now available through a dedicated 24/7 channel on XM's Internet streaming service, XM Radio Online (xmro.xmradio.com), which complements the existing "Oprah & Friends" (XM 156) channel offered to XMRO and XM Radio subscribers.

Oprah's "Soul Series" features thought-provoking stories, theories and revelations by a variety of authors and guests delving into issues about living and loving soulfully. Summer series guests on XM platforms and Oprah.com will include Jill Bolte Taylor, Dr. Wayne Dyer, Elizabeth Lesser, Sarah Ban Breathnach, Kathy Freston, Byron Katie and Rodger Kamenetz. Additionally, Oprah.com will be debuting video streams of original XM "Soul Series" episodes with featured guests including Eckhart Tolle, Jon Kabat Zinn, Larry Dossey and Ainsley MacLeod. Scheduling information is available at http://www.xmradio.com/ and on http://www.oprah.com/, where users can access related online content such as reflection exercises and book excerpts.

For the past 10 weeks, millions of people have joined Oprah Winfrey and renowned spiritual leader Eckhart Tolle as they have been teaching his best-selling book, A New Earth, chapter by chapter through a live interactive webinar series on Oprah.com. To date, there have been more than 27 million streams and downloads of the classes, which continue to attract new viewers and listeners through Oprah.com and iTunes.

Starting Monday, June 16, readers who are picking up the 61st Oprah's Book Club selection "A New Earth" for the first time or continuing their studies can make it their summer reading book and take part in the rebroadcast of the 10-week weekly webcast series through Monday, August 18. By joining the Book Club for free on Oprah.com, members will have exclusive access to newsletters and personal interactive workbooks -- guided online journals with introspective questions and related exercises for awakening that complements each chapter's class. To find or form reading groups in your area for the summer school session for "A New Earth," log onto http://www.oprah.com/anewearth.

About Harpo

Harpo Productions, Inc. produces the number one rated, award-winning "The Oprah Winfrey Show," creates and develops original TV programming, and operates Oprah.com, a premier lifestyle website. Harpo Print, LLC and Hearst Magazines publish the monthly O, The Oprah Magazine and quarterly O at Home publications. Harpo Films, Inc. produces feature films as well as top-rated telefilms under the "Oprah Winfrey Presents" banner. Harpo Radio, Inc. produces the content for "Oprah & Friends" on XM Satellite Radio.

About XM

XM is America's number one satellite radio company with more than 9.3 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, Nashville, Toronto and Montreal, XM's 2008 lineup includes more than 170 digital channels of choice from coast to coast: commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.

XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Hyundai, Nissan, Porsche, Ferrari, Subaru, Suzuki and Toyota is available in 140 different vehicle models for 2008. XM's industry-leading products are available at consumer electronics retailers nationwide. XM programming is also available through XM Radio Online, the exclusive home on the Internet for XM's commercial-free music channels; as downloads of original XM shows via podcasts from XM's Web site or the Apple's iTunes Store; and as streams of commercial-free XM music channels to AT&T and Alltel wireless customers through XM Radio Mobile. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/.

Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 2-28-08. Copies of the filing are available upon request from XM Radio's Investor Relations Department. All programming subject to change.

XM and Harpo

CONTACT: Anne-Taylor Adams of XM, +1-212-708-6171,
annetaylor.adams@xmradio.com; or Michelle McIntyre of Harpo, +1-312-633-1182

Web site: http://www.xmradio.com/
http://www.oprah.com/
http://www.itunes.com/

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