SAIC Awarded Contract By Oklahoma City Air Logistics CenterCompany to Support Architect-Engineering Program at Tinker Air Force Base

SAN DIEGO and MCLEAN, Va., May 14 /PRNewswire-FirstCall/ -- Science Applications International Corporation today announced it has been awarded a prime contract by the Oklahoma City Air Logistics Center. This multiple-award, indefinite-delivery/indefinite-quantity contract will support the Architect-Engineering Program at Tinker Air Force Base (TAFB), Okla. The follow-on contract has a one year base period of performance, four one-year options and a ceiling value of $60 million for all awardees.

Under the contract, SAIC will provide architect-engineering support to the civil engineering directorate on TAFB. SAIC's design and environmental engineering capabilities will support pollution prevention, conservation, environmental compliance, restoration, modernization and TAFB facilities sustainment.

"SAIC has supported environmental and logistics missions at Tinker for the past 15 years. We are now very pleased to broaden our support by providing engineering and scientific services to help address facility design and upgrades as well as infrastructure planning at the base," said Bob Shokes, SAIC senior vice president and business unit general manager.

About SAIC

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

SAIC: From Science to Solutions(R)

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

Contact: Melissa Koskovich Laura Luke (703) 676-6762 (703) 676-6533 melissa.l.koskovich@saic.com laura.luke@saic.com

SAIC

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

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

MISCOR Group Reports 83 Percent Increase in Revenues, Record Net Income for First QuarterIncreased Sales Across All Segments Fuel Growth

SOUTH BEND, Ind., May 14 /PRNewswire-FirstCall/ -- Industrial services provider MISCOR Group, Ltd. (BULLETIN BOARD: MIGL) reported record quarterly profit for the first quarter ended March 31, 2008, on the strength of a 74 percent increase in sales in its Repair, Remanufacturing and Manufacturing segment (RRM) and a 112 percent increase in sales in its Construction and Engineering Services (CES) segment.

MISCOR, a supplier of mechanical and electrical industrial services and products, reported net sales of $29.7 million for the first quarter of 2008, compared to net sales of $16.1 million for the same period in 2007. The top-line gains from increased product sales and service revenues helped the Company post net income of $457,000, or $0.04 per diluted share, in the first quarter of 2008, reversing a net loss of $2.6 million, or $0.38 per diluted share, in the first quarter of 2007. The 2007 first quarter results included a $2.3 million loss on debt extinguishment concurrent with the Company's $12.5 million private placement that was completed in order to increase working capital $5.8 million and reduce long-term debt by approximately $6.7 million.

The 2008 first quarter results reflected an increase in service revenues to $23.5 million, compared to $10.9 million in the first quarter of 2007. The Company said service revenue growth benefited from higher demand in both domestic and international markets for motor repair, testing and maintenance, including MISCOR's growing railroad services business. First quarter 2008 product sales increased 18 percent to $6.2 million, compared to $5.2 million in the prior year period, on higher product sales of diesel engine power assemblies. MISCOR reported operating income more than quadrupled in the current quarter to $745,000, compared to $176,000 in the first quarter of 2007, while gross profit grew 65 percent to $4.7 million.

"Our first quarter results are a continuation of the momentum we established last year as we consistently execute on both organic and acquisition-based growth opportunities," said John Martell, CEO of MISCOR. "Our profit growth in the quarter and our significant increase in product sales and service revenues are due to a combination of efficient operations and the ongoing efforts of our sales teams to grow client relationships. As we continue to focus on winning new contracts while growing our customer footprint, we are well-positioned to continue emerging as a national industrial services provider of choice."

Segment Results:

Repair, Remanufacturing and Manufacturing (RRM) and Construction and Engineering Services (CES)

For the first quarter of 2008, RRM segment posted a 74 percent increase in revenues to $21.1 million, a $9.0 million increase compared to the first quarter of 2007. This increase is primarily related to higher sales of motors, magnets and other industrial products and services. The CES segment more than doubled its revenue to $4.5 million, an increase of 112 percent over the preceding year, due to an increasing demand for power distribution systems and strong demand in the regional construction market for electrical and mechanical contracting services.

"This quarter highlighted our ability to win new contracts and grow our base business, while also successfully integrating our acquisitions," said Rich Mullin, chief financial officer of MISCOR. "Our increases in product sales and service revenues, combined with operating and margin improvements, propelled us further towards our goal of sustained profitability as evidenced by our 4th consecutive quarterly profit."

Martell concluded: "We made several strategic moves in the first quarter that are quickly beginning to pay dividends for us. The acquisition of American Motive Power and our sales teams' ability to quickly triple our newest division's backlog have helped to further solidify our place among the premier service providers. In addition, our ability to put together increasingly larger international and domestic contracts, coupled with our expanding domestic geographic service area, is a clear signal that we are taking our place at the forefront of our industry in providing diversified mechanical and electrical services and products."

About MISCOR

South Bend, Ind.-based MISCOR Group, Ltd. (BULLETIN BOARD: MIGL) provides electrical and mechanical solutions to industrial, commercial and institutional customers through two segments: RRM (repair, remanufacturing and manufacturing) segment, which provides maintenance and repair services for industrial motors, generators, lifting magnets, locomotives and locomotive engines, and diesel engine component manufacturing, remanufacturing and repair services; and CES (construction and engineering services) segment, which provides a wide range of electrical and mechanical contracting services and engineering and repair services for electrical power distribution systems.

In 2007, MISCOR entered the wind power industry through its acquisition of 3-D Service, Ltd., providing both onsite and in-shop maintenance and repair services for wind farms. MISCOR was ranked on the Inc. 500 in 2004 and 2005 and has grown to more than 650 employees in 14 locations nationwide.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For further discussion of risks and uncertainties, individuals should refer to the Company's SEC filings. MISCOR Group, Ltd. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

MISCOR Group, Ltd.

CONTACT: Rich Mullin, CFO of MISCOR Group, Ltd., +1-574-234-8131; Jeff
Lambert or Patrick Kane, pkane@lambert-edwards.com, both of Lambert, Edwards &
Associates, Inc., +1-616-233-0500

Actions Semiconductor Announces Annual General Meeting Results

ZHUHAI, China, May 14 /PRNewswire/ -- Actions Semiconductor Co., Ltd. , one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip (SoC) and multimedia digital signal processing (DSP) solutions for portable consumer electronics, today announced the results from its Annual General Meeting (AGM) held on May 12, 2008.

At this year's AGM, the appointments of directors, Nan-Horng Yeh, David Lee, Fred Chen, Tzu-Yin Chiu and Shao-Chuan Li were all approved by 84% of 285,570,595 ordinary shares voted. The total number of members of the board of directors remains seven.

"We are pleased to obtain such strong support for our board of directors from our shareholders," said Mr. Nan-Horng Yeh CEO and Director of Actions Semiconductor. "We appreciate our board's continued contributions and would like to extend our thanks for their service."

About Actions Semiconductor

Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing, Shanghai, and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com/.

Investor Contacts: Lisa Laukkanen Ernie Huang The Blueshirt Group Investor Relations at Actions Semiconductor lisa@blueshirtgroup.com ernie@actions-semi.com 415-217-4967 +86 756 3392353 ext 1095

Actions Semiconductor Co., Ltd.

CONTACT: investors, Lisa Laukkanen of The Blueshirt Group,
+1-415-217-4967, lisa@blueshirtgroup.com, for Actions Semiconductor Co., Ltd.;
or Ernie Huang of Actions Semiconductor Investor Relations, +86 756 3392353,
ext 1095, ernie@actions-semi.com

Web site: http://www.actions-semi.com/

Brocade Reports Second Quarter Fiscal Year 2008 ResultsNew Product Ramp Helps Drive Record Revenue and Strong Earnings

SAN JOSE, Calif., May 14 /PRNewswire-FirstCall/ -- - Brocade(R) , the leader in data center networking solutions that help enterprises connect and manage their information, today reported financial results for its second fiscal quarter, which ended April 26, 2008.

Commenting on the Company's second quarter financial results, Michael Klayko, Brocade CEO, said, "It was another very good quarter for Brocade as we continued our excellent operational execution and performance. Our financial results were better than the Company expected, we added to the momentum of our aggressive product cycle, and we acquired Strategic Business Systems, Inc. (SBS), a privately held provider of data center-focused professional services, which significantly broadens our services offerings and expertise in the evolving data center market."

Second Fiscal Quarter 2008 Business Highlights -- Sales of the Company's new DCX Backbone exceeded revenue expectations and contributed to a record revenue quarter of the Company's Director-class products. -- Brocade augmented its growing services business with the acquisition of SBS. SBS has deep skill sets and experience in several data center disciplines, including networking, security, storage, and virtualization. -- The Company started shipping the Brocade File Management Engine, or FME, in late Q2. This breakthrough product offers a number of industry firsts, most notably the ability to migrate files while they are in use, which helps customers avoid costly downtime. -- During the quarter, the Company finalized the development of a family of new 8Gbit/sec fabric switches that complement the DCX Backbone. These new switches, announced on May 13th, 2008, double the performance of previous models while consuming 40% less energy. The Company expects the majority of its major OEM partners to be in the market with these new switches in Brocade's Q3, beginning with IBM and Sun. -- On May 13th, 2008 the Company also announced the availability of its new server HBA products that, when combined with Brocade's new 8Gb/sec switches, directors and DCX Backbone, deliver a new level of end-to-end data center networking performance. The new Brocade HBAs are expected to be generally available in June.

Second Fiscal Quarter 2008 Financial Highlights and Additional Financial Information

-- Brocade's non-GAAP effective tax-rate was 30.7% in Q2 08, and its GAAP tax rate was -272%. The GAAP rate includes a P&L benefit of $167M due to the release of the valuation allowance previously recorded against the Company's deferred tax assets. The Company has determined that it is more likely than not that it will realize the benefits of the deferred tax assets and the valuation allowance was released accordingly. -- In Q2, the Company achieved record revenue in its director product line, its embedded blade switch product line, and its services business. In addition, Brocade generated more cash from operations in Q2 08 than any previous quarter in the company's history. -- The Company's total installed base of SAN ports was approximately 17.3 million. -- In Q2 Average Selling Price (ASP) declines were in the low single digits compared to Q1 08. -- Net stock-based compensation expense was $11.2 million and has been excluded from the Company's non-GAAP results. -- In Q2, the Company repurchased approximately 6.9 million shares of the Company's common stock for approximately $50.2 million. As of the end of Q2 08, the Company had $452.3 million remaining under its $800 million total stock buyback program. Q2 2008 Q1 2008 Q2 2007 Revenue $354.9 M $347.8 M $345.3 M GAAP net income $184.8 M $19.8 M $0.8 M GAAP EPS - diluted $0.47 $0.05 $0.00 Non-GAAP net income $59.7 M $64.2 M $46.6 M Non-GAAP EPS - diluted $0.15 $0.16 $0.11 Non-GAAP gross margin 61.1 % 60.5 % 53.4 % Non-GAAP operating margin 22.9 % 23.8 % 16.8 % Cash flow from operations $111.0 M $79.2 M $46.2 M

Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. A detailed reconciliation between GAAP and non-GAAP information is contained in the tables included herein.

As a % of total revenues Q2 2008 Q1 2008 Q2 2007 OEM revenues 86 % 88 % 85 % Channel/Direct revenues 14 % 12 % 15 % 10% or greater customers revenues (3) 65 % 66 % 67 % Domestic revenues 62 % 62 % 65 % International revenues 38 % 38 % 35 % Service revenues 17 % 14 % 13 % Q2 2008 Q1 2008 Q2 2007 Cash equivalents and investments, net of convertible debt $627.9 M $614.9 M $674.5 M Deferred revenues $140.9 M $136.6 M $126.0 M Capital expenditures $14.1 M $17.2 M $14.2 M Stock repurchases (in dollars) $50.2 M $80.0 M $60.0 M Stock repurchases (in shares) 6.9 M 11.1 M 6.3 M Days sales outstanding 43 days 40 days 40 days Employees at end of period 2,759 2,457 2,440 Non-GAAP Financial Measures

This press release and the related conference call contain non-GAAP financial measures. In evaluating the Company's performance, management uses certain non-GAAP financial measures to supplement consolidated financial statements prepared under GAAP.

Management believes that non-GAAP net income and other non-GAAP measures used in this press release allow management to gain a better understanding of the Company's comparative operating performance from period-to-period and to its competitors' operating results. Management also believes these non-GAAP measures help indicate the Company's baseline performance before gains, losses or charges that are considered by management to be outside ongoing operating results. Accordingly, management uses these non-GAAP measures for planning and forecasting of future periods and in making decisions regarding operations performance and the allocation of resources. Management believes these non-GAAP earnings measures, when read in conjunction with the Company's GAAP financials, provide useful information to investors by offering:

-- the ability to make more meaningful period-to-period comparisons of the Company's ongoing operating results; -- the ability to better identify trends in the Company's underlying business and perform related trend analysis; -- a better understanding of how management plans and measures the Company's underlying business; and -- an easier way to compare the Company's most recent results of operations against investor and analyst financial models.

Management excludes certain gains or losses and benefits or costs in determining non-GAAP net income that are the result of infrequent events, or arise outside the ordinary course of our continuing operations. Management believes that it is appropriate to evaluate the Company's operating performance by excluding those items that are not indicative of ongoing operating results or limit comparability. Such items include: (i) legal fees associated with indemnification obligations to former employees and other related costs, (ii) acquisition and integration costs, and (iii) legal fees associated with certain pre-acquisition litigation, (iv) facilities lease loss and (v) gain/loss on sale of investments.

Management also excludes the following non-cash charges in determining non-GAAP net income: (i) stock-based compensation and (ii) amortization of purchased intangible assets, and (iii) facilities lease loss. Because of varying available valuation methodologies, subjective assumptions and the variety of award types, management believes that the exclusion of stock-based compensation allows for more accurate comparisons of our operating results to our peer companies. Further, management believes that excluding stock-based compensation expense allows for a more accurate comparison of our financial results to previous periods during which our equity-based awards were not required to be reflected on our income statement. Management believes that the expense associated with the amortization of acquisition-related intangible assets is appropriate to be excluded because a significant portion of the purchase price for acquisitions may be allocated to intangible assets that have short lives and exclusion of the amortization expense allows comparisons of operating results that are consistent over time for the Company's newly acquired and long-held businesses.

Finally, management believes that it is appropriate to exclude the tax effects of the items noted above as well as the release of the valuation allowance in order to present a more meaningful measure of non-GAAP net income.

Limitations. These non-GAAP measures have limitations, however, because they do not include all items of income and expense that impact the Company. Management compensates for these limitations by also considering the Company's GAAP results. The non-GAAP financial measures the Company uses are not prepared in accordance with, and should not be considered an alternative to, measurements required by GAAP, such as operating income, net income and income per share, and should not be considered measures of the Company's liquidity. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. In addition, these non-GAAP financial measures may not be comparable to similar measures reported by other companies.

Second Quarter Fiscal 2008 Conference Call and Web Cast Information

Brocade management will host a conference call to discuss second quarter 2008 results on Wednesday, May 14, 2008 at 2:00 p.m. Pacific Time. To access the live Web Cast, please visit Brocade's Website at http://www.brcd.com/ at least 20 minutes prior to the call to download any necessary audio or plug-in software. A telephone replay will be available approximately two hours after the conference ends and will be available until 5:00 p.m. Pacific Time on May 21, 2008. A replay of the conference call will be available via the Web Cast at http://www.brcd.com/ for approximately twelve months. To access the replay, please dial 888-203-1112 for domestic access and 719-457-0820 for international callers; the access code for the telephone replay is #6776943.

Cautionary Statement

This press release contains statements that are forward-looking in nature, including statements regarding the Company's new product offerings and market adoption. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties, which may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's new product and service offerings; market competition; the effect of changes in IT spending levels; our ability to realize anticipated benefits from acquisitions; the Company's ability to anticipate future OEM and end-user product needs and to accurately forecast end-user demand; dependence on strategic partners; and the Company's ability to manage its business effectively in a rapidly evolving market. Certain of these and other risks are set forth in more detail in "Item 1A. Risk Factors" in Brocade's Quarterly Report on Form 10-Q for the fiscal quarter ended January 26, 2008. Brocade does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.

About Brocade

Brocade is the leading provider of data center networking solutions that help enterprises connect and manage their information. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Website at http://www.brocade.com/ or contact the company at info@brocade.com.

Brocade, Brocade B weave logo, Fabric OS, File Lifecycle Manager, McDATA, MyView, Secure Fabric OS, SilkWorm, and StorageX are registered trademarks and the Brocade B-wing logo and Tapestry are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.

BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data) (unaudited) Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, 2008 2007 2008 2007 Net revenues Product $295,584 $300,438 $593,529 $507,654 Services 59,311 44,830 109,214 61,771 Total net revenues 354,895 345,268 702,743 569,425 Cost of revenues Product 116,628 140,980 234,404 213,292 Services 32,814 33,440 66,309 43,918 Total cost of revenues 149,442 174,420 300,713 257,210 Gross margin 205,453 170,848 402,030 312,215 Operating expenses: Research and development 61,131 58,303 119,336 100,694 Sales and marketing 69,985 59,364 133,160 97,951 General and administrative 13,316 13,570 25,683 20,975 Legal fees associated with indemnification obligations, SEC investigation and other related costs 4,789 15,234 14,448 20,462 Acquisition and integration costs - 7,564 - 14,997 Amortization of intangible assets 7,909 7,977 15,818 8,887 Facilities lease losses (477) - (477) - Total operating expenses 156,653 162,012 307,968 263,966 Income from operations 48,800 8,836 94,062 48,249 Interest and other income, net 7,306 10,788 18,791 18,244 Interest expense (1,760) (2,054) (3,281) (2,058) Loss on investments, net (4,725) - (6,949) - Income before provision for income taxes 49,621 17,570 102,623 64,435 Income tax provision/(benefit) (135,167) 16,727 (102,010) 30,273 Net income $184,788 $843 $204,633 $34,162 Net income per share - Basic $0.49 $0.00 $0.54 $0.10 Net income per share - Diluted $0.47 $0.00 $0.52 $0.10 Shares used in per share calculation - Basic 374,827 395,574 379,010 334,215 Shares used in per share calculation - Diluted 393,471 411,989 398,375 348,563 BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) April 26, October 27, 2008 2007 Assets Current assets: Cash and cash equivalents $513,533 $315,755 Short-term investments 195,566 325,846 Total cash, cash equivalents and short-term investments 709,099 641,601 Marketable equity securities - 14,205 Accounts receivable, net 167,879 175,755 Inventories 12,418 18,017 Deferred tax asset 64,502 22,781 Prepaid expenses and other current assets 45,985 39,841 Total current assets 999,883 912,200 Long-term investments 87,392 137,524 Property and equipment, net 210,872 204,052 Goodwill 306,637 384,376 Intangible assets, net 253,793 272,652 Deferred tax asset 153,767 167 Other assets 16,872 19,129 Total assets $2,029,216 $1,930,100 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $91,898 $108,810 Accrued employee compensation 78,885 76,017 Deferred revenue 102,990 94,533 Current liabilities associated with lease losses 13,941 12,807 Purchase commitments 27,238 23,176 Other accrued liabilities 63,072 94,358 Total current liabilities 378,024 409,701 Convertible subordinated debt 168,579 167,498 Non-current liabilities associated with lease losses 19,290 25,742 Non-current liabilities - deferred taxes - 22,781 Non-current deferred revenue 37,875 36,344 Other non-current liabilities 42,893 1,376 Stockholders' equity Common stock 1,371,825 1,463,169 Accumulated other comprehensive loss (1,650) (1,180) Accumulated deficit 12,380 (195,331) Total stockholders' equity 1,382,555 1,266,658 Total liabilities and stockholders' equity $2,029,216 $1,930,100 BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the Three Months Ended APRIL 26, 2008 and APRIL 28, 2007 (in thousands) (unaudited) Three Months Ended April 26, April 28, 2008 2007 Cash flows from operating activities: Net income $184,788 $843 Adjustments to reconcile net income to net cash provided by operating activities: Release of valuation allowance (166,508) - Excess tax benefit from employee stock plans (3,105) 6,153 Depreciation and amortization 28,635 32,289 Loss on disposal of property and equipment 567 55 Net losses on investments and marketable equity securities 4,780 - Non-cash compensation expense 11,176 8,004 Non-cash facilities lease loss benefit (477) - Provision for doubtful accounts receivable and sales returns 1,620 1,535 Changes in operating assets and liabilities: Accounts receivable (10,116) 49,873 Inventories 2,937 (3,627) Prepaid expenses and other assets (5,694) (3,906) Accounts payable 13,491 (17,767) Accrued employee compensation 18,713 (7,515) Deferred revenue 4,282 3,949 Other accrued liabilities 28,235 (22,435) Liabilities associated with lease losses (2,365) (1,207) Net cash provided by operating activities 110,959 46,244 Cash flows from investing activities: Purchases of property and equipment (14,072) (14,225) Purchases of short-term investments (26,656) (173,190) Proceeds from sale of marketable equity securities and equity investments 4,123 - Proceeds from maturities and sale of short-term investments 121,145 285,230 Purchases of long-term investments (8,275) (39,625) Proceeds from maturities and sale of long-term investments 22,331 2,150 Cash acquired (paid) in connection with acquisitions, net of cash paid (acquired) (43,554) 2 Decrease in restricted cash - 5,839 Cash acquired on merger with McDATA - 147,407 Net cash provided by investing activities 55,042 213,588 Cash flows from financing activities: Payments on capital lease obligations - (706) Common stock repurchases (50,170) (59,874) Excess tax benefit from employees stock plans 3,105 (6,153) Redemption of outstanding convertible debt - (124,185) Proceeds from issuance of common stock, net 6,876 45,193 Net cash used in financing activities (40,189) (145,725) Effect of exchange rate fluctuations on cash and cash equivalents 1,131 (76) Net increase in cash and cash equivalents 126,943 114,031 Cash and cash equivalents, beginning of period 386,590 249,807 Cash and cash equivalents, end of period $513,533 $363,838 BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the Six Months Ended APRIL 26, 2008 and APRIL 28, 2007 (in thousands) (unaudited) Six Months Ended April 26, April 28, 2008 2007 Cash flows from operating activities: Net income $204,633 $34,161 Adjustments to reconcile net income to net cash provided by operating activities: Release of valuation allowance (166,508) - Excess tax benefit from employee stock plans (7,030) (161) Depreciation and amortization 59,524 40,802 Loss on disposal of property and equipment 1,196 203 Net losses on investments and marketable equity securities 6,447 - Non-cash compensation expense 19,647 14,729 Non-cash facilities lease loss benefit (477) - Provision for doubtful accounts receivable and sales returns 3,309 1,662 Changes in operating assets and liabilities: Accounts receivable 11,586 53,735 Inventories 5,599 (4,585) Prepaid expenses and other assets (2,383) (8,997) Accounts payable (16,792) (20,938) Accrued employee compensation 2,597 (22,272) Deferred revenue 9,988 12,274 Other accrued liabilities 63,665 (18,385) Liabilities associated with lease losses (4,841) (2,653) Net cash provided by operating activities 190,160 79,575 Cash flows from investing activities: Purchases of property and equipment (31,251) (27,587) Purchases of short-term investments (101,575) (290,890) Proceeds from sale of marketable equity securities and equity investments 9,926 - Proceeds from maturities and sale of short-term investments 298,446 377,833 Purchases of long-term investments (37,731) (91,801) Proceeds from maturities and sale of long-term investments 22,483 5,847 Cash paid in connection with acquisitions, net of cash acquired (43,554) (7,704) Decrease in restricted cash - 5,839 Cash acquired on merger with McDATA - 147,407 Net cash provided by investing activities 116,744 118,944 Cash flows from financing activities: Payments on capital lease obligations - (706) Common stock repurchases (130,181) (59,874) Excess tax benefit from employees stock plans 7,030 161 Redemption of outstanding convertible debt - (124,185) Proceeds from issuance of common stock, net 14,699 75,700 Net cash used in financing activities (108,452) (108,904) Effect of exchange rate fluctuations on cash and cash equivalents (674) (145) Net increase in cash and cash equivalents 197,778 89,470 Cash and cash equivalents, beginning of period 315,755 274,368 Cash and cash equivalents, end of period $513,533 $363,838 BROCADE COMMUNICATIONS SYSTEMS, INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP NET INCOME (in thousands, except per share data) (unaudited) Three Months Ended April 26, January 26, April 28, 2008 2008 2007 Net income on a GAAP basis $184,788 $19,845 $843 Adjustments: Stock-based compensation expense included in cost of revenues 2,371 2,492 2,236 Amortization of intangible assets expense included in cost of revenues 8,512 11,328 11,328 Legal fees associated with certain pre-acquisition litigation 458 - - Total gross margin adjustments 11,341 13,820 13,564 Legal fees associated with indemnification obligations, SEC investigation and other related costs 4,789 9,659 15,234 Stock-based compensation expense included in research and development 2,528 2,625 2,056 Stock-based compensation expense included in sales and marketing 3,146 1,986 1,682 Stock-based compensation expense included in general and administrative 3,131 1,371 944 Amortization of intangible assets expense included in operating expenses 7,909 7,909 7,977 Acquisition and integration costs - - 7,564 Facilities lease losses (477) - - Total operating expense adjustments 21,026 23,550 35,457 Total operating income adjustments 32,367 37,370 49,021 Loss on investments 4,189 1,815 - Income tax effect of adjustments (161,658) 5,206 (3,250) Non-GAAP net income $59,686 $64,236 $46,614 Non-GAAP net income per share - Basic $0.16 $0.17 $0.12 Non-GAAP net income per share - Diluted $0.15 $0.16 $0.11 Shares used in non-GAAP per share calculation - Basic 374,827 383,194 395,574 Shares used in non-GAAP per share calculation - Diluted 393,471 403,279 411,989 See explanation of non-GAAP information included herein. BROCADE COMMUNICATIONS SYSTEMS, INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP NET INCOME (in thousands, except per share data) (unaudited) Six Months Ended April 26, April 28, 2008 2007 Net income on a GAAP basis $204,633 $34,161 Adjustments: Stock-based compensation expense included in cost of revenues 4,863 3,677 Amortization of intangible assets expense included in cost of revenues 19,841 11,328 Legal fees associated with certain pre-acquisition litigation 458 - Total gross margin adjustments 25,162 15,005 Legal fees associated with indemnification obligations, SEC investigation and other related costs 14,448 20,462 Stock-based compensation expense included in research and development 5,152 4,054 Stock-based compensation expense included in sales and marketing 5,132 3,068 Stock-based compensation expense included in general and administrative 4,502 1,597 Amortization of intangible assets expense included in operating expenses 15,818 8,887 Acquisition and integration costs - 14,997 Facilities lease losses (477) - Total operating expense adjustments 44,575 53,065 Total operating income adjustments 69,737 68,070 Loss on investments 6,004 - Income tax effect of adjustments (156,451) (6,186) Non-GAAP net income $123,922 $96,045 Non-GAAP net income per share - Basic $0.33 $0.29 Non-GAAP net income per share - Diluted $0.32 $0.28 Shares used in non-GAAP per share calculation - Basic 379,010 334,215 Shares used in non-GAAP per share calculation - Diluted 398,375 348,563 See explanation of non-GAAP information included herein.

Brocade Communications Systems, Inc.

CONTACT: Public Relations, Leslie Davis, +1-408-333-5260,
lmdavis@brocade.com, or Investor Relations, Alex Lenke, +1-408-333-6758,
alenke@brocade.com, both of Brocade

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

IPC The Hospitalist Company Reports First Quarter 2008 Results

NORTH HOLLYWOOD, Calif., May 14 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. , a leading national hospitalist physician group practice, today announced financial results for the first quarter ended March 31, 2008.

First Quarter 2008 Highlights: -- Net revenue increased 36% year-over-year to $60.6 million, largely driven by same-market area revenue growth of 21% -- Patient encounters increased 36% year-over-year to 684,000 -- DSO decreased to 64 from 69 at December 31, 2007 -- Income from operations increased 46% year-over-year to $5.4 million, as operating margin increased to 9.0% -- GAAP net income increased 50% year-over-year to $3.0 million, or $0.21 per pro-forma fully diluted share -- Excluding bonuses incurred in the first quarter of 2008 related to the Company's IPO, earnings per adjusted pro-forma fully diluted share was $0.22

Adam D. Singer, M.D., Chief Executive Officer, stated, "Our record first quarter 2008 performance is a testament to the strength of our business model with 36% overall net revenue growth and 21% same-market net revenue growth. As a leading service provider in this emerging market, IPC continues to take advantage of opportunistic acquisitions and hiring more hospitalists. In addition, we continue to generate operating leverage as our revenue base expands, resulting in growth in our operating income margin to 9.0% from 8.3% for the same period last year. While we are growing our top line revenue and operating margin, we are also dropping our DSO as a demonstration of the scalability of our operating infrastructure."

Dr. Singer noted, "Hospitalist medicine is a high growth business delivering proven value in managing all aspects of inpatient care. As a newly public company, we are leading the way in educating about the high quality of care delivered by this new specialty of hospitalist medicine."

First Quarter 2008

IPC's first quarter 2008 patient encounters rose 36% to 684,000, compared to 504,000 in the same period last year. The Company reported first quarter 2008 net revenue of $60.6 million, a 36% increase from $44.7 million for the first quarter of 2007. Of the increase in net revenue, 58% was attributed to same-market areas. First quarter 2008 same-market area net revenue grew 21% and same-market area patient encounters rose 20%. The increase in same-market net revenue was primarily due to an increase in patient encounters from existing hospitalists, as well as new hospitalists either hired or added from in-market acquisitions.

Physician practice salaries and other expenses for the first quarter of 2008 were $43.9 million, compared to $32.4 million in the first quarter of 2007. The physician expenses as a percentage of net revenue remained constant at 72.6% for both the respective quarters with no significant changes in the various direct physician cost components of salaries, benefits and other practice expenses.

General and administrative expenses for the first quarter of 2008 were $10.7 million, compared to $8.2 million for the first quarter of 2007. General and administrative expenses as a percentage of revenue declined to 17.7% for the first quarter of 2008, compared to 18.4% for the first quarter of 2007. The $2.5 million increase was attributable to both public company expenses and the increased expenses to support the continuing growth of the Company. Included in the increase in public company expenses were approximately $0.3 million in non-recurring IPO management bonuses.

Income from operations for the first quarter of 2008 increased 46% to $5.4 million, compared to $3.7 million for the first quarter of 2007, which was net of depreciation and amortization of $0.5 million and $0.3 million for 2008 and 2007, respectively. Operating margin increased to 9.0% for the first quarter of 2008, compared to 8.3% for the first quarter of 2007. The increase in operating margin was the result of the reduction of general and administrative expenses as a percentage of revenue as the Company continues to leverage its administrative costs over a larger revenue base.

First quarter 2008 net income was $3.0 million, or $0.21 per pro-forma fully-diluted share, compared to $2.0 million, or $0.19 per pro-forma fully diluted share, for the first quarter of 2007. Excluding non-recurring IPO costs incurred in the first quarter of 2008, adjusted pro-forma fully diluted EPS was $0.22.

Reconciliation for Non-GAAP Financial Measures

The Company's Board of Directors approved one-time bonuses paid in the first quarter of 2008 related to the Company's IPO of $0.3 million, which decreased the Company's pro forma fully diluted earnings per share by $0.01. IPC computed its adjusted pro forma fully diluted earnings per share of $0.22 excluding these one-time bonuses to reflect its on-going operations. IPC's management believes that while excluding the one-time bonuses from the calculation of pro-forma fully diluted earnings per share is considered a non-GAAP measure, it more clearly depicts the operating performance of the Company and enables more appropriate period-to-period measures. However, adjusted pro forma fully diluted earnings per share is a non-GAAP measure and thus should not be used as a substitute to pro forma fully diluted earnings per share.

Recent Developments

On April 29, 2008, IPC entered into agreements to provide comprehensive hospitalist services to five IASIS Healthcare hospitals in its existing Arizona, Nevada and Texas markets. In connection with these agreements, an independent practice group of eight hospitalists serving these facilities joined IPC.

On March 31, 2008, IPC was added to the Russell 2000(R) Index which measures the performance of the small-cap segment of the U.S. equity universe.

Guidance

The Company reaffirmed its guidance for full year 2008 revenue to be in the range of $239 to $245 million and full year 2008 earnings per adjusted pro-forma fully diluted share to be in the range of $0.87 to $0.94. In addition, the Company expects that it will continue to experience its historical pattern of seasonality with higher net revenue and earnings in the first and fourth quarters of the year and softness in the second and third quarters due to lower patient census in hospitals and traditional physician hiring patterns.

Conference Call

IPC The Hospitalist Company will host an investor conference call to review the quarterly results at 5:00 p.m. ET (2:00 p.m. PT) today. To participate in the conference call, please dial 877-591-4952 (USA) or 719-325-4894 (International). In addition, a dial-up replay of the conference call will be available beginning May 14, 2008 at 8:00 p.m. ET (5:00 p.m. PT) and ending on May 28, 2008. The replay telephone number is 888-203-1112 (USA) or 719-457-0820 (International) Replay Passcode: 9168540. A live web cast of the call will also be available from the Investor Relations section on the corporate web site at http://www.hospitalist.com/. A web cast replay can be accessed on the corporate web site beginning today at approximately 8:00 p.m. ET (5:00 p.m. PT) and will remain available until June 14, 2008.

About IPC The Hospitalist Company

IPC The Hospitalist Company, Inc. is a leading national physician group practice company focused on the delivery of hospitalist medicine. IPC's physicians and affiliated providers manage the care of hospitalized patients in coordination with primary care physicians and specialists. The Company provides its hospitalists with the comprehensive training, information technology, and management support systems necessary to improve the quality and reduce the cost of inpatient care in the facilities it serves. For more information, visit the IPC website at http://www.hospitalist.com/.

Safe Harbor Statement

Certain statements and information in this press release may be deemed to be "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release may include, but are not limited to, those statements set forth under the section titled "Guidance" regarding projected operating results, revenues, earnings, and IPC's growth opportunities and strategy. Forward- looking statements are often characterized by terminology such as "believe", "hope", "may", "anticipate", "should", "intend", "plan", "will", "expect", "estimate", "project", "positioned", "strategy" and similar expressions. Any forward-looking statements are necessarily based on a variety of estimates and assumptions which, though considered reasonable by the Company, may not be realized and are inherently subject to significant business, economic, competitive, industry, regulatory, market and financial uncertainties and contingencies, many of which are and will be beyond IPC's control. Important risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by any forward-looking statements are described in IPC's most recent Annual Report on Form 10-K, including the section titled "Risk Factors" and actual results could differ materially from those anticipated in forward-looking statements.

In particular the following risks and uncertainties may have such an impact:

-- failure to comply with complex and intensive government regulation of our industry; -- the adequacy of our insurance coverage and insurance reserves; -- our ability to recruit and retain qualified physicians; -- our ability to successfully integrate new acquisitions; -- the effect of changes in rates or methods of third-party reimbursement; and -- the high level of competition in our industry.

IPC undertakes no obligation following the date of this press release to update or revise any such statements or projections whether as a result of new information, future events, or otherwise.

This press release contains non-GAAP financial measures. For reconciliations of these non-GAAP financial measures to their most recent comparable measure calculated and presented in accordance with GAAP, see "Reconciliation for Non-GAAP Financial Measures," above.

IPC The Hospitalist Company, Inc. Consolidated Balance Sheets (dollars in thousands, except for per share data) March 31, 2008 December (unaudited) 31, 2007 Assets Current assets: Cash and cash equivalents $39,501 $6,976 Accounts receivable, net 42,821 39,494 Prepaid expenses and other current assets 5,459 10,203 Total current assets 87,781 56,673 Furniture and equipment, net 2,368 2,189 Goodwill 38,125 34,754 Other intangible assets, net 958 808 Deferred tax assets, net 2,953 2,952 Total assets $132,185 $97,376 Liabilities Current liabilities: Accounts payable and accrued liabilities $4,073 $4,959 Accrued compensation 10,398 12,382 Medical malpractice and self-insurance reserves, current portion 808 951 Deferred tax liability 45 45 Short-term debt and current portion of capital leases 6,509 7,029 Total current liabilities 21,833 25,366 Long-term debt and capital leases, less current portion 7,931 19,793 Medical malpractice and self-insurance reserves, less current portion 9,772 8,900 Other long-term liabilities 300 300 Total liabilities 39,836 54,359 Stockholders' equity: Convertible preferred stock, Series A, B, C, and D $.001 par value, 64,905,826 shares authorized, 57,761,235 shares issued and outstanding in 2007; liquidation preference of $43,230,532 in 2007 - 57 Preferred stock, $.001 par value, 15,000,000 and 294,174 shares authorized, respectively, none issued - - Common stock, $.001 par value, 50,000,000 and 87,300,000 shares authorized, respectively, 14,869,346 and 1,878,382 shares issued and outstanding, respectively 15 2 Additional paid-in capital 101,961 55,605 Accumulated deficit (9,627) (12,647) Total stockholders' equity 92,349 43,017 Total liabilities and stockholders' equity $132,185 $97,376 IPC The Hospitalist Company, Inc. Consolidated Statements of Operations (dollars in thousands, except for per share data) (unaudited) Three Months Ended March 31, 2008 2007 Net revenue $60,559 $44,696 Operating expenses: Cost of services-physician practice salaries, benefits and other 43,943 32,430 General and administrative 10,732 8,239 Depreciation and amortization 457 309 Total operating expenses 55,132 40,978 Income from operations 5,427 3,718 Investment income 164 93 Interest expense (385) (417) Gain on fair value of preferred stock warrant liabilities - 48 Income before income taxes 5,206 3,442 Income tax provision 2,186 1,429 Net income 3,020 2,013 Accretion of redeemable convertible preferred stock - (68) Income allocable to preferred stockholders (696) (1,798) Net income attributable to common stockholders $2,324 $147 Per share data: Net income per share attributable to common stockholders -- historical: Price per share: Basic $0.20 $0.10 Diluted $0.20 $0.08 Weighted average shares Basic 11,435,000 1,415,000 Diluted 11,832,000 1,839,000 Net income per share attributable to common stockholders -- pro forma: Price per share: Basic $0.22 $0.19 Diluted $0.21 $0.19 Weighted average shares Basic 13,976,000 10,650,000 Diluted 14,212,000 10,865,000 IPC The Hospitalist Company, Inc. Consolidated Statements of Cash Flows (dollars in thousands) (unaudited) Three Months Ended March 31, 2008 2007 Operating activities Net income $3,020 $2,013 Adjustments to reconcile net income to net cash provided by operating (used in)activities: Depreciation and amortization 457 309 Stock-based compensation expense 107 9 Revaluation of preferred stock warrant liabilities - (48) Changes in assets and liabilities: Accounts receivable (3,327) (1,217) Prepaid expenses and other current assets 4,744 1,706 Accounts payable (1,097) 789 Accrued compensation (1,984) (1,230) Medical malpractice and self-insurance reserves 729 997 Accrued litigation loss and other claims - 12 Net cash provided by operating activities 2,649 3,340 Investing activities Acquisitions of physician practices (3,452) (3,693) Purchase of furniture and equipment (495) (167) Net cash used in investing activities (3,947) (3,860) Financing activities Proceeds from (repayments of) long-term debt and capital leases, net (12,382) 3,082 Net proceeds from issuance of common and preferred stock 46,131 257 Excess tax benefits from stock-based compensation 74 - Net cash provided by financing activities 33,823 3,339 Net increase in cash and cash equivalents 32,525 2,819 Cash and cash equivalents, beginning of period 6,976 5,946 Cash and cash equivalents, end of period $39,501 $8,765 Supplemental disclosure of cash flow information Cash paid for: Interest $386 $341 Income taxes $97 $99 IPC The Hospitalist Company, Inc. Operating Data Number of Patient Encounter Data (unaudited):

The following is a summary of the quarterly patient encounters for the five quarters ended March 31, 2008:

Quarter Ended: Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, 2007 2007 2007 2007 2008 Patient encounters 504,000 511,000 544,000 594,000 684,000 Contacts: Stephanie Carrington/Jared Hoffman Devra Shapiro The Ruth Group IPC The Hospitalist Company, Inc. (646) 536-7017/7013 (818) 766-3502 scarrington@theruthgroup.com jhoffman@theruthgroup.com

IPC The Hospitalist Company, Inc.

CONTACT: Devra Shapiro, IPC The Hospitalist Company, Inc.,
+1-818-766-3502; Stephanie Carrington, +1-646-536-7017,
scarrington@theruthgroup.com, or Jared Hoffman, +1-646-536-7013,
jhoffman@theruthgroup.com, both of The Ruth Group, for IPC The Hospitalist
Company, Inc.

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

First Advantage Corporation to Present at JMP Securities Research Conference

POWAY, Calif., May 14 /PRNewswire-FirstCall/ -- First Advantage Corporation , a global risk mitigation and business solutions provider, today announced that Anand Nallathambi, president and chief executive officer, will deliver a presentation at the Seventh Annual JMP Securities Research Conference in San Francisco on Tuesday, May 20, 2008, at 10:00 a.m. PT.

To access this presentation following the event, visit the Investor section of the First Advantage Web site at http://www.fadv.com/, and click the Presentations button.

About First Advantage Corporation

First Advantage Corporation combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of consumer credit information in the mortgage, automotive and specialty finance markets; business credit information in the transportation industry; lead generation services; motor vehicle record reports; supply chain security consulting; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; corporate and litigation investigations; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software and renters insurance. First Advantage ranks among the top companies in all of its major business lines. First Advantage is headquartered in Poway, Calif., and has more than 4,800 employees in offices throughout the United States and abroad. More information about First Advantage can be found at http://www.fadv.com/.

First Advantage is a majority-owned subsidiary of The First American Corporation , a FORTUNE 500(R) company that traces its history to 1889. First American is America's largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people's lives. Additional information about the First American Family of Companies can be found at http://www.firstam.com/.

Contacts: Henri Van Parys Cindy Williams Corporate Communications Manager Investor Relations Manager 727.214.1072 727.214.3438 henri.vanparys@FADV.com clwilliams@FADV.com

First Advantage Corporation

CONTACT: Henri Van Parys, Corporate Communications Manager,
+1-727-214-1072, henri.vanparys@FADV.com, or Cindy Williams, Investor
Relations Manager, +1-727-214-3438, clwilliams@FADV.com, both of First
Advantage Corporation

Web site: http://www.fadv.com/
http://www.firstam.com/

TV Choice and Competition Near for Residents of Town of Wesley Hills, N.Y.Village Board Approves Video Franchise for Verizon

WESLEY HILLS, N.Y., May 14 /PRNewswire/ -- Residents of the Town of Wesley Hills in Rockland County are a major step closer to having a real choice for their cable television service, thanks to a newly approved agreement authorizing Verizon to offer its FiOS TV service, delivered over the most advanced fiber-optic network straight to customers' homes.

The Wesley Hills Village Board granted a video franchise to Verizon Tuesday night (May 13), paving the way for video choice in the community. This vote brings to 110 the total number of New York communities that have approved video franchises for Verizon.

"This is great news for residents of the Village of Wesley Hills, who now will have a new choice for their video entertainment," said Monica Azare, Verizon senior vice president for New York and Connecticut. "Consumers here will be able to choose their cable provider as easily as they choose their phone company. Competition like this drives innovation and value, and puts the consumer in control."

As with all local franchise approvals in New York, the agreement between Verizon and the Village of Wesley Hills is subject to review by the New York State Public Service Commission.

Verizon's FiOS TV is a formidable competitor to cable and satellite, offering a broad collection of all-digital programming, 30 high-definition (HD) channels in the New York market and access to more than 10,000 on-demand titles, 70 percent of which are free.

Verizon's fiber network delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. In addition to FiOS TV, Verizon's fiber network also delivers Internet download speeds of up to 50 Mbps (megabits per second) and upload speeds of up to 20 Mbps, as well as high-quality voice service.*

The Village of Wesley Hills joins a growing list of New York communities that are paving the way for competition and choice in the television market. In addition to the Village of Wesley Hills, Verizon has been granted video franchises in the following communities:

Rockland County

Nyack, South Nyack, Upper Nyack, Grandview-on-Hudson, Clarkstown, Orangetown, Piermont, Airmont, the town of Haverstraw, West Haverstraw, Chestnut Ridge, Spring Valley, Stony Point, the village of Haverstraw, Suffern and Hillburn.

Dutchess County Town of Wappinger Wappingers Falls Orange County Town of Newburgh Erie County Hamburg Village of Orchard Park Town of Orchard Park Westchester County

Ardsley, Dobbs Ferry, Tarrytown, Irvington, the Town of Greenburgh, Eastchester, Mount Kisco, Elmsford, Port Chester, Tuckahoe, White Plains, Rye Brook, North Castle, Mount Vernon, Mount Pleasant, Yonkers, Scarsdale, Bronxville, New Rochelle, Cortlandt, Peekskill, Buchanan, Rye, Larchmont, the village of Mamaroneck, the town of Mamaroneck, Pelham Manor, Sleepy Hollow, Briarcliff Manor, the town of Ossining and the village of Ossining.

Long Island

Massapequa Park, Cedarhurst, Laurel Hollow, Lynbrook, Mineola, East Hills, East Rockaway, Farmingdale, Valley Stream, Freeport, Williston Park, New Hyde Park, Sands Point, Bayville, Old Field, Floral Park, South Floral Park, Garden City, Nissequogue, Poquott, East Williston, Head of the Harbor, Mill Neck, Stewart Manor, Centre Island, Malverne, Huntington Bay, The Branch, Oyster Bay Cove, Flower Hill, Great Neck, Great Neck Estates, Great Neck Plaza, Kensington, Kings Point, Lake Success, Munsey Park, North Hills, Plandome, Plandome Heights, Plandome Manor, Roslyn Estates, Roslyn Harbor, Russell Gardens, Saddle Rock, Thomaston, Bellerose and Lloyd Harbor; and in the towns of North Hempstead, Huntington, Smithtown, Hempstead, Oyster Bay and Islip.

* NOTE: actual (throughput) speeds will vary.

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

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

Verizon

CONTACT: John Bonomo of Verizon, +1-212-321-8033,
john.j.bonomo@verizon.com

Web site: http://www.verizon.com/
http://www.verizon.com/news

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

Neonode Inc. Announces Postponement of Conference Call and Filing of Form 12B-25 Requesting Extension of Time to File Its Quarterly Report on Form 10-QSB

STOCKHOLM, Sweden, May 14 /PRNewswire-FirstCall/ -- Neonode , the Swedish mobile communication company that develops touch screen technologies and designs mobile handsets, today announced that it will file a Form 12b-25 with the Securities and Exchange Commission to obtain a 5-day extension for the filing of its Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2008.

The Company is in the process of preparing its financial statements and will file the Quarterly Report on May 20, 2008.

Neonode also announced that its conference call, previously scheduled for May 15 at 10 A.M. EDT, would be delayed until after the filing of the Quarterly Report.

Revised Conference call information:

The company's first quarter conference call will be held Tuesday, May 20, 2008 at 16:00 P.M. CET/10:00 A.M. EDT/7:00 A.M. PDT. The call can be accessed via the Internet at http://investor.neonode.com/. Web participants are encouraged to go to the website at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software.

A telephonic replay of the conference call will be available by dialing 1 866 966 5335 (from the US and Canada) or + 44 20 3003 2666 (from outside the US and Canada) and by entering conference ID number 1095614. An online archive will also be available immediately following the call at the site noted above. The telephonic replay will also be available for 30 days, through June 19, 2008.

For more information: David Brunton, Chief Financial Officer Neonode Inc. Tel: (925) 355-7700 Karin Lehmann Nilsson, Information Manager Neonode Inc. Tel: +46 8 678 18 50 Allen & Caron Inc Tel: +1 212 691 8087 Investors: Rudy Barrio (r.barrio@allencaron.com) Media: Brian Kennedy (brian@allencaron.com) About Neonode Inc.

Neonode designs and develops intuitive technologies and products. The Company's focus is on solutions that increase the user experience of complex or monotonous devices. With offices in Stockholm, Sweden, San Ramon, USA, Shanghai and Hong Kong, China, Neonode Inc. is a publicly traded company with licenses and products sold worldwide through both direct web sales and local distribution partners. Neonode USA, markets Neonode's innovative products within North America, Latin America and China and is the exclusive worldwide licensor of the Neonode Intellectual Property to third parties. Neonode USA's main office is located in New York, USA. For more information, visit http://www.neonode.com/

Neonode Inc.

CONTACT: David Brunton, Chief Financial Officer, +1-925-355-7700, or
Karin Lehmann Nilsson, Information Manager, +46 8 678 18 50, both of Neonode
Inc.; or Investors, Rudy Barrio, r.barrio@allencaron.com, or Media, Brian
Kennedy, brian@allencaron.com, both of Allen & Caron Inc, +1-212-691-8087, for
Neonode Inc.

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

Stanley Reports Record Fourth Quarter and Fiscal Year 2008 Financial Results

ARLINGTON, Va., May 14 /PRNewswire-FirstCall/ --

Highlights: - Fourth quarter revenue up 49% overall, 39% organic(1), to $173.5 million; - Fiscal year 2008 revenue up 48% overall, 37% organic, to $604.3 million; - Fiscal year 2008 operating income up 95% over fiscal year 2007; and - Diluted EPS of $0.33 for fourth quarter, $1.12 for fiscal year 2008, both above guidance.

Stanley, Inc. , a leading provider of systems integration and professional services to the U.S. federal government, today announced record revenues and earnings for both its fourth quarter and fiscal year 2008 ended March 31, 2008. Diluted earnings per share exceeded the top end of the guidance ranges previously provided by the company.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO )

Revenue growth for the fourth quarter resulted primarily from the ramp-up of new contracts, expansion of existing contracts and the company's acquisition of Techrizon in April 2007. Stanley continued to benefit from increased demand for U.S. passports, ongoing demand for U.S. Navy C4ISR-related systems and services, and expansion of the U.S. Army's global equipment RESET effort.

Fourth Quarter Fiscal Year 2008 Results:

Revenue for the fourth quarter ended March 31, 2008 was $173.5 million, an increase of 49 percent over fourth quarter fiscal year 2007 revenue of $116.6 million. Organic revenue growth was 39 percent. EBITDA(2) was $15.8 million for the quarter, an increase of 57 percent over EBITDA of $10.0 million in the year-ago quarter. EBITDA margin for the fourth quarter was 9.1 percent compared with 8.6 percent a year earlier. Operating income was $14.0 million, up 64 percent from $8.5 million in the same quarter of last fiscal year. Operating margin was 8.1 percent versus 7.3 percent in the fourth quarter of fiscal 2007.

Net income for the quarter was $7.7 million versus $4.5 million a year ago. Diluted earnings per share for the fourth quarter of fiscal year 2008 were $0.33 compared with diluted earnings per share of $0.20 for the fourth quarter of fiscal year 2007.

Contract backlog at March 31, 2008 was $1.8 billion, an increase of 38 percent from third quarter fiscal year 2008 contract backlog of $1.3 billion at December 31, 2007 and an increase of 83 percent from fourth quarter fiscal year 2007 contract backlog of $1.0 billion at March 31, 2007.

Operational Highlights: -- Fourth quarter bookings totaled $660.7 million, equating to a book-to-bill ratio of 3.8:1; fiscal year 2008 bookings totaled $1.3 billion, equating to a book-to-bill of 2.2:1; -- Among the new business awards and additional tasking in the fourth quarter: -- A $570 million, five-year contract to continue support of the U.S. Department of State, Bureau of Consular Affairs/Passport Services Directorate. This recompete win of Stanley's largest revenue-generating contract supports production; operational and business process support; training; procurement, administration and evaluation of critical supplies; and facilities management at the five Passport Centers, 14 Passport Agencies and the Headquarters' support offices; and -- A $49.9 million contract modification to extend work on the U.S. Navy's SPAWAR Corporate Production contract. -- During the fourth quarter, Stanley began implementation of its Wildcat Maintenance Management System for the Directorates of Logistics (WMMS-DOL) to assist the U.S. Army Materiel Command in executing the Army RESET Program; and -- During the fourth quarter of fiscal year 2008, Stanley completed construction of the Tucson Passport Center in Tucson, Ariz. and began operations at the facility in April 2008. This newest Passport Center produced its first document on May 5, 2008.

"Stanley's revenue, earnings and contract bookings in the fourth quarter completed an outstanding year of growth, customer satisfaction and financial performance," said Phil Nolan, Stanley's chairman, president and CEO. "Our win of the Passport contract recompete is the largest award in Stanley's history and allows us to continue to build on our 15-year commitment to serving the State Department."

Fiscal Year 2008 Results:

For the fiscal year ended March 31, 2008, revenue increased 48 percent to $604.3 million compared with $409.4 million for fiscal year 2007. Organic revenue growth for fiscal year 2008 was 37 percent. EBITDA for the year increased 56 percent to $54.9 million compared with $35.1 million for fiscal year 2007. EBITDA margin for fiscal year 2008 was 9.1 percent, up from 8.6 percent for fiscal year 2007. Operating income for fiscal year 2008 was $47.9 million, an increase of 95 percent over operating income of $24.6 million reported in fiscal year 2007. Operating margin for fiscal year 2008 was 7.9 percent compared with 6.0 percent for fiscal year 2007.

Net income and diluted earnings per share for fiscal year 2008 were $26.2 million and $1.12 per share, respectively, compared with net income and diluted earnings per share of $10.7 million and $0.55 per share, respectively, for fiscal year 2007.

Cash flow from operations for fiscal year 2008 was $21.1 million, reflecting $17.8 million of operating cash flow for the fourth quarter of fiscal 2008. Days sales outstanding (DSO) for the fourth quarter was 81 days, down from 86 days for the third quarter of fiscal year 2008.

Management's Outlook:

Based on the company's current contract backlog and management's estimate as to future tasking and contract awards, Stanley is issuing guidance for its fiscal year 2009 first quarter and full year. The table below represents management's current expectations about future financial performance, based on information available at this time:

First Quarter Fiscal Year 2009 Fiscal Year 2009 Ending Ending June 30, 2008 March 31, 2009 Revenue $160 - $168 million $665 - $695 million Diluted EPS $0.30 - $0.32 $1.26 - $1.34 Diluted projected share count 23.6 - 23.7 million 23.8 - 23.9 million

As previously announced, Stanley will conduct a conference call today at 5:00 p.m. EDT to discuss fiscal fourth quarter 2008 results. To obtain the dial-in number, please contact Rashida Gofney at (703) 310-3209. The conference call will be broadcast simultaneously on the Investor Relations page of the company's website, http://www.stanleyassociates.com/. Investors are advised to log on to the website at least 15 minutes prior to the call to register, download and install any necessary audio software. An archive of the webcast will be available for one week following the live event.

About Stanley

Stanley is a leading provider of information technology services and solutions to U.S. defense and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational logistics, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, Va., the company has more than 3,600 employees at over 100 locations in the U.S. and worldwide. In 2008 and 2007, Stanley was recognized by FORTUNE(R) magazine as one of the "100 Best Companies to Work For." Please visit http://www.stanleyassociates.com/ for more information.

Any statements in this press release about our future expectations, plans and prospects, including statements containing the words "estimates," "anticipates," "plans," "expects" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2007, our Quarterly Reports on Form 10-Q for the fiscal quarters ended June 30, 2007, September 30, 2007 and December 31, 2007, each as filed with the Securities and Exchange Commission (SEC), and additional filings we make with the SEC. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. We assume no obligation to update publicly or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

(1) Organic revenue growth, as presented, measures revenue growth adjusted for the impact of acquisitions. Stanley believes that this non-GAAP financial measure provides useful information because it allows investors to better assess the underlying growth rate of the company's existing business. This non-GAAP financial measure should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Please see the reconciliation table at the end of this release. (2) EBITDA is a non-GAAP measure that is defined as GAAP net income (loss) plus other expense (income), interest expense, income taxes, and depreciation and amortization. We have provided EBITDA because we believe it is a commonly used measure of financial performance in comparable companies and is provided to help investors evaluate companies on a consistent basis, as well as to enhance an understanding of our operating results. EBITDA should not be construed as either an alternative to net income as an indicator of our operating performance or as an alternative to cash flows as a measure of liquidity. Please refer to the table at the end of this release that reconciles GAAP net income to EBITDA. Condensed Consolidated Statements of Income (in thousands, except per share amounts) Three Months Ended (unaudited) Year Ended March 31, March 31, 2007 2008 2007 2008 Revenues $116,642 $173,539 $409,411 $604,342 Operating costs and expenses: Cost of revenues 95,522 148,705 343,628 512,243 Selling, general and administrative 11,086 9,060 30,700 37,242 Amortization of deferred compensation 118 62 5,082 267 Depreciation and amortization 1,372 1,690 5,424 6,695 Total operating costs & expenses 108,098 159,517 384,834 556,447 Operating income 8,544 14,022 24,577 47,895 Other (expense) income: Other (expense) income (32) 3 (478) 19 Interest expense - net (695) (659) 5,918) (3,779) Total other expenses (727) (656) (6,396) (3,760) Income before taxes 7,817 13,366 18,181 44,135 Provision for income taxes (3,278) (5,652) (7,476) (17,971) Net income $4,539 $7,714 $10,705 $26,164 Earnings per share: Basic $0.21 $0.34 $0.61 $1.18 Diluted $0.20 $0.33 $0.55 $1.12 Weighted average shares: Basic 21,627 22,474 17,567 22,133 Diluted 23,188 23,557 19,458 23,414 Condensed Consolidated Balance Sheets (in thousands) As of As of March 31, 2007 March 31, 2008 Assets Current assets: Cash $12,736 $271 Accounts receivable - net 110,029 60,928 Prepaid and other current assets 1,631 4,644 Total current assets 124,396 165,843 Total assets $237,975 $306,055 Liabilities and Stockholders' Equity Current liabilities: Line of credit $ - $ - Current portion of long-term debt 1,000 1,000 Long-term debt - net of current portion 36,750 35,500 Total liabilities 103,823 139,351 Total stockholders' equity 134,152 166,704 Total liabilities and stockholders' equity $237,975 $306,055 Organic Growth Reconciliation (unaudited) ($ in thousands) Three Months Ended March 31, 2007 2008 Percent Growth Total revenue, as reported $116,642 $173,539 49% Plus: Revenue from acquired companies for the comparable prior year period 8,287 - Organic revenue $124,929 $173,539 39% Year Ended March 31, 2007 2008 Percent Growth Total revenue, as reported $409,411 $604,342 48% Plus: Revenue from acquired companies for the comparable prior year period 30,547 - Organic revenue $439,958 $604,342 37% EBITDA Reconciliation (unaudited) (in thousands) Three Months Ended Year Ended March 31, March 31, 2007 2008 2007 2008 Net income $4,539 $7,714 $10,705 $26,164 Provision for income taxes 3,278 5,652 7,476 17,971 Interest expense - net 695 659 5,918 3,779 Other expense (income) 32 (3) 478 (19) Depreciation and amortization 1,372 1,690 5,424 6,695 Amortization of deferred compensation 118 62 5,082 267 EBITDA $10,034 $15,774 $35,083 $54,857 Revenue $116,642 $173,539 $409,411 $604,342 EBITDA Margin 8.6% 9.1% 8.6% 9.1%

Photo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Stanley, Inc.

CONTACT: Brian J. Clark, Chief Financial Officer, +1-703-310-3236, or
Lawrence Delaney, Jr., Investor Relations Counsel, +1-703-739-7410, both of
Stanley, Inc.

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

Electronic Game Card Inc. Reports First Quarter 2008 Revenue Growth of 28 Percent Over Fourth QuarterCompany achieves 130 percent year-over-year first quarter revenue increase and delivers $0.021 fully diluted earnings per share

NEW YORK and LONDON, May 14 /PRNewswire-FirstCall/ -- Electronic Game Card, Inc. (BULLETIN BOARD: EGMI) ("EGC"), today reported financial results for its first quarter ended March 31, 2008. The Company accomplished significant progress during its first quarter of 2008, adding to its shareholder equity, building its cash balance, validating and protecting its technology and, further expanding its addressable market. Since year end 2007, Electronic Game Card has been issued its first series of patents, received Gaming Laboratory International approval, increased its customer base and recurring revenue stream and announced entry into two new markets.

The Company reported revenues for the first quarter of $2.3 million, an increase of over 130 percent from the first quarter of 2007 of $990,000, and an increase of approximately 28 percent from the fourth quarter 2007 revenues of $1.8 million.

The Company reported a comprehensive net income applicable to common stockholders of $1.3 million or $0.021 per diluted share for the first quarter of 2008 compared to net income of $215,000 or $0.004 per diluted share for the first quarter 2007 and net income of $1.7 million (inclusive of a one-time investment sale of $856,000) or $0.029 per diluted share in the fourth quarter of 2007. First quarter 2008 operating income was $1.4 million compared to operating income of $404,000 for the comparable period of 2007 and $956,000 achieved during the fourth quarter 2007.

For the three months ended March 31, 2008, Electronic Game Card's gross profit on revenue totaled $1.7 million or 76 percent of revenues, representing the fifth consecutive quarter of gross margin in excess of company's target level of approximately 70 percent.

Operating expenses during the first quarter 2008 totaled $367,000, an increase of approximately 11 percent over the first quarter 2007, which was attributed to an increase in general and administrative expenses of $24,000 and an increase in consulting expenses of $56,000 that was partially offset by a reduction in salaries of $25,000 as the company continued its shift towards outsourcing. Importantly, operating expenses declined by approximately 36 percent from the prior fourth quarter 2007 predominately as a result of completing the development of proprietary games, which lowered consulting costs. As the company expands its existing reach and launches new markets, management expects to add resources, but will adhere to established profitability targets.

Interest expense incurred during the quarter was reduced by $20,000 over the previous year first quarter to $148,000. This compares with interest expense of $163,000 in the fourth quarter of 2007. Interest income has been steadily rising from $43,000 first quarter 2007 to $49,000 fourth quarter 2007 to $62,000 first quarter 2008.

Cash and equivalents on March 31, 2008 were $5.7 million, an increase of approximately $954,000 from December 31, 2007 balance. Accounts receivable increased by approximately $300,000 to $2.6 million over the same period. Total liabilities declined by $56,000 over the three month period to $1.9 million, excluding the 6 percent convertible redeemable preferred debt, which has been reduced by approximately $1.0 million to $6.5 million since year end 2007.

As of March 31, 2008, Electronic Game Card had approximately 50.0 million shares of common stock outstanding, an increase of 2.0 million shares from year end 2007, predominately attributable to conversion of the redeemable preferred debt. The Company's weighted average number of common shares fully diluted totaled 62.5 million (inclusive of the all options, warrants and the convertible redeemable preferred debt). The aggregate proceeds if all options and warrants were to be exercised would total in excess of $4.0 million. As of March 31, 2008 the Company had net operating tax loss carry forwards in excess of $21 million that may be used to offset future taxable income through 2023. As of December 31, 2007, Electronic Game Card achieved positive stockholders equity for the first time in the Company's history. On March 31, 2008, the Company's stockholder's equity totaled $3.9 million.

"As anticipated, first quarter 2006 marked the beginning of a profitable revenue growth period for the company. Over the past two years EGC was right-sized and has embraced a business model that is now highly profitable. Now that a strong foundation has been established, the company has just completed its fifth consecutive profitable quarter, the company is focused on organic revenue growth as well as expanding its addressable market while maintaining a tight cost discipline. The company's goal for 2008 is to penetrate new and existing markets, continue to grow patented IP and build successful distribution partnerships. The company has made progress in all three fronts thus far in 2008 and has comfortably raised guidance last month to $11 million and $16 million in revenues, $0.10 and $0.14 fully diluted earnings per share for 2008 and 2009, respectively."

CONFERENCE CALL Conference Call Details: Date/Time: Thursday, May 15, 2008-10:00 a.m. (ET) Telephone Number: 888-713-4209 International Dial-In Number: 617-213-4863 Participant Pass code: 98549670 Internet Access: http://www.electronicgamecard.com/ or http://www.earnings.com/

It is recommended that participants phone-in at least 10 minutes before the call is scheduled to begin. Participants may pre-register for the call at https://www.theconferencingservice.com/prereg/key.process?key=PM7WDNUPT Pre-registrants will be issued a pin number to use when dialing into the live call which will provide quick access to the conference by bypassing the operator upon connection. A replay of the conference call in its entirety will be available approximately one hour after its completion by dialing 888-286-8010 (U.S.), 617-801-6888 (International) and entering the pass code 10019483 and on the Internet at http://www.earnings.com/ .

Contact Yvonne L. Zappulla Managing Director Grannus Financial Advisors, Inc. 212-681-4108 yvonne@grannusfinancial.com or Roger Holdom Electronic Game Card, Inc. +44 207 451 2480 investor.relations@electronicgamecard.com About Electronic Game Card. Inc.

Electronic Game Card Inc., (OTCBB: EGMI), develops, produces and markets innovative games to the promotional industry worldwide, casino and lottery. The Company's lead product is the Electronic GameCard(TM), a unique credit card-sized pocket game combining patent-pending proprietary technology of interactive capability with "instant win" excitement. The "Electronic GameCard" can be programmed to suit a variety of gaming and promotion applications.

EGMI's client base is across the $100 billion global market of, sales promotion, gaming and casinos, Indian gaming and state and national lotteries markets. EGMI develops sales and marketing relationships with agents globally and has a technology licensing agreement with a major lottery focused US listed corporation. For further information please visit http://www.electronicgamecard.com/

February 2008, Electronic GameCard(TM) received Gaming Laboratory International approval for security and product robustness. In July 2005, the Public Gaming Research Institute (PGRI) named the Electronic GameCard(TM) as a 2005 Lottery Product of the Year.

Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission.

ELECTRONIC GAME CARD, INC. CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, 2008 Dec. 31, 2007 ASSETS Current assets: Cash and cash equivalents $5,706,906 $4,753,040 Accounts receivable 2,623,016 2,323,543 Deposit on inventory 70,071 70,071 Other receivables 91,990 92,100 VAT receivable 24,893 31,531 Deferred charges 152,476 190,595 Total current assets 8,669,352 7,460,880 Net property, plant and equipment 34,727 44,050 Intangible assets, net 183,034 183,034 Investments, at cost 3,496,179 2,886,427 Total assets $12,383,292 $10,574,391 LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT) Current liabilities: Accounts payable $625,695 $659,891 Accrued liabilities 661,256 560,046 Total current liabilities 1,286,951 1,219,937 Deferred license fees 654,625 779,625 Total liabilities 1,941,576 1,999,562 Shareholders' equity/(deficit) Series A 6% convertible redeemable preferred stock, $.001 par value, 10,000,000 shares authorized; 6,549,922 and 7,582,806 shares issued and outstanding as of March 31, 2008 and December 31, 2007, respectively 6,549,922 7,582,806 Common stock, $.001 par value, 100,000,000 shares authorized; 44,168,683 and 50,031,766 shares issued and outstanding at December 31, 2007 and March 31, 2008, respectively 50,030 48,012 Capital in excess of par value 28,874,546 27,264,272 Accumulated deficit (24,171,740) (25,463,568) Accumulated other comprehensive loss (861,042) (856,693) Total shareholders' equity 3,891,794 992,023 Total liabilities and shareholders' equity $12,383,292 $10,574,391 ELECTRONIC GAME CARD, INC. Consolidated Statements of Operations (Unaudited) Fiscal three months ended March 31, 2008 March 31, 2007 Revenue $2,294,621 $990,538 Cost of revenue and operating expenses: Cost of revenue 549,000 255,345 Sales and marketing 791 1,172 General and administrative 128,149 104,617 Consulting expenses 151,482 95,005 Salaries and wages 86,886 112,245 Loss from joint venture - 18,638 916,308 587,022 Operating income 1,378,313 403,516 Other income (expense): Interest income 61,577 42,701 Interest expense (148,062) (168,056) Net income $1,291,828 $278,161 Net profit per common share - basic $ 0.026 $0.006 Net profit per common share - fully diluted $ 0.021 $0.005 Weighted average number of common shares outstanding (basic) 50,031,766 44,168,683 Weighted average number of common shares fully diluted 62,487,058 58,184,857 Other comprehensive (loss) gain: Foreign currency translation loss (4,349) (63,048) Comprehensive income 1,287,479 215,113

Electronic Game Card, Inc.

CONTACT: Yvonne L. Zappulla, Managing Director of Grannus Financial
Advisors, Inc., +1-212-681-4108, yvonne@grannusfinancial.com, for Electronic
Game Card, Inc.; or Roger Holdom of Electronic Game Card, Inc.,
+44-207-451-2480, investor.relations@electronicgamecard.com

Web site: http://www.electronicgamecard.com/
http://www.earnings.com/

Ingersoll Rand to Discuss Its Businesses and Proposed Acquisition of Trane at Electrical Products Group Conference

HAMILTON, Bermuda and PISCATAWAY, N.J., May 14 /PRNewswire-FirstCall/ -- Ingersoll-Rand Company Limited and Trane Inc. announced today that James V. Gelly, senior vice president and chief financial officer of Ingersoll Rand, will discuss Ingersoll Rand's businesses and its proposed acquisition of Trane starting at 1:15 p.m., EDT, Monday, May 19, at the Electrical Products Group (EPG) of New York's Annual Conference in Longboat Key, Fla.

The presentation will be accessible via live webcast on both the Trane and Ingersoll Rand Web sites at http://www.trane.com/ and http://www.ingersollrand.com/ respectively, and on the EPG Conference Web site: http://www.corporate-ir.net/ireye/conflobby.zhtml?ticker=TT&item_id=1846192. An archive of the presentation slides will be available through Tuesday, August 19, on the Ingersoll Rand Web site.

Trane Inc., previously named American Standard Companies Inc., provides systems and services that enhance the quality and comfort of the air in homes and buildings around the world. The company offers customers a broad range of energy-efficient heating, ventilation and air conditioning systems; dehumidifying and air cleaning products; service and parts support; advanced building controls; and financing solutions.

The company's systems and services have leading positions in premium commercial, residential, institutional and industrial markets; a reputation for reliability, high quality and product innovation; and a powerful distribution network. Trane's 2007 annual revenues were about $7.45 billion and the company has more than 29,000 employees worldwide. For more information, visit these Web sites: http://www.trane.com/ and http://www.americanstandardair.com/.

Ingersoll Rand is a global diversified industrial firm providing products, services and solutions to transport and protect food and perishables, secure homes and commercial properties, and enhance industrial productivity and efficiency. Driven by a 100-year-old tradition of technological innovation, Ingersoll Rand enables companies and their customers to create progress. Ingersoll Rand's 2007 annual revenues were approximately $8.76 billion. The company has 35,000 employees and 80 manufacturing facilities worldwide.

This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements relating to anticipated financial and operating results, the companies' plans, objectives, expectations and intentions and other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," and other similar expressions. Such statements are based upon the current beliefs and expectations of the management of Ingersoll-Rand Company Limited ("Ingersoll Rand") and Trane Inc. ("Trane") and involve a number of significant risks and uncertainties. Actual results may differ materially from the results anticipated in these forward-looking statements. The following factors, among others, could cause or contribute to such material differences: failure to satisfy any of the conditions of closing, including the failure to obtain Trane shareholder approval; the risks that Ingersoll Rand's and Trane's businesses will not be integrated successfully; the risk that Ingersoll Rand and Trane will not realize estimated cost savings and synergies; costs relating to the proposed transaction; disruption from the transaction making it more difficult to maintain relationships with customers, employees, distributors or suppliers; the level of end market activity in Ingersoll Rand's and Trane's commercial and residential market; weather conditions that could negatively or positively affect business and results of operations; additional developments which may occur that could affect Ingersoll Rand's or Trane's estimate of asbestos liabilities and recoveries; unpredictable difficulties or delays in the development of new product technology; fluctuations in pricing of our products, the competitive environment and related market conditions; changes in law or different interpretations of laws that may affect Ingersoll Rand's or Trane's expected effective tax rate; increased regulation and related litigation; access to capital; and actions of domestic and foreign governments. Additional factors that could cause Ingersoll Rand's and Trane's results to differ materially from those described in the forward-looking statements can be found in the 2007 Annual Report on Form 10-K of Ingersoll Rand and the 2007 Annual Report on Form 10-K of Trane filed with the Securities and Exchange Commission (the "SEC") and other documents filed by Ingersoll Rand and Trane, and available at the SEC's Internet site (http://www.sec.gov/). Neither Ingersoll Rand nor Trane undertakes any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made.

In connection with the proposed merger transaction involving Ingersoll Rand, Trane and Indian Merger Sub, Inc., Ingersoll Rand has filed a registration statement on Form S-4 containing a proxy statement/prospectus for shareholders of Trane with the SEC, and Ingersoll Rand and Trane may be filing other documents regarding the proposed transaction with the SEC as well. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION, AS WELL AS THE OTHER DOCUMENTS REFERRED TO IN THE PROXY STATEMENT/PROSPECTUS CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The definitive proxy statement/prospectus has been mailed to Trane's shareholders. Shareholders may obtain a free copy of the proxy statement/prospectus, as well as other filings containing information about Ingersoll Rand and Trane, without charge, at the SEC's Internet site (http://www.sec.gov/). Copies of the proxy statement/prospectus and the filings with the SEC that are incorporated by reference in the proxy statement/prospectus can also be obtained, without charge, by directing a request to Ingersoll-Rand Company Limited, P.O. Box 0445, 155 Chestnut Ridge Road, Montvale, NJ 07645 Attention: Investor Relations, (201) 573-0123, or to Trane Inc., One Centennial Avenue, Piscataway, NJ 08855 Attention: Investor Relations, (732) 980-6125.

Ingersoll Rand, Trane and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Ingersoll Rand's directors and executive officers is available in Ingersoll Rand's proxy statement for its 2008 annual meeting of stockholders and Ingersoll Rand's 2007 Annual Report on Form 10-K, which were filed with the SEC on April 16, 2008 and February 29, 2008, respectively, and information regarding Trane's directors and executive officers is available in Trane's 2007 Annual Report on Form 10-K, which was filed with the SEC on February 20, 2008. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the proxy statement/prospectus and other materials referred to in the proxy statement/prospectus.

Trane Inc.

CONTACT: Ingersoll Rand: Paul Dickard - Media, +1-201-573-3120, or Joe
Fimbianti - Analysts, +1-201-573-3113; Trane Contact: Skip Colcord - Media,
+1-732-980-3065, Bruce Fisher - Analysts, +1-732-980-6095

Web site: http://www.trane.com/
http://www.americanstandardair.com/
http://www.ingersollrand.com/

Destiny Media Technologies Provides Update on Canadian Litigation Against YangarooYangaroo US Patent Application Appeal Receives Rejection

VANCOUVER, British Columbia, May 14 /PRNewswire-FirstCall/ -- Destiny Media Technologies (BULLETIN BOARD: DSNY) is pleased to provide an update on the company's intellectual property protection matters.

Yangaroo (TSX: YOO), a competitor to Destiny's Play MPE(R) system in the Canadian market, received a rejection from the USPTO on May 9th for US patent application number 10/431,854 (Content Distribution System and Method).

Destiny commenced an action against Yangaroo in the Federal Court of Canada in March 2006 to have the Canadian version of this patent invalidated and to have the Court rule that Destiny's MPE(R) system does not infringe on this Canadian patent. Discoveries for the action have completed and a pre-trial conference is expected by summer.

Destiny's MPE(R) technology has been available since 1999 and is protected in the US by a pending patent for a "Digital Media Distribution Method and System" with foreign priority of March 2000, and globally by a filing under the patent cooperation treaty to the world intellectual property organization in 2001. Destiny has received legal opinions from two intellectual property firms, as have select label customers, to ensure Destiny's patent rights and interpretation of Yangaroo's and Destiny's rights is correct.

"We reluctantly began the litigation against Yangaroo when we realized our customers were receiving confusing information regarding our intellectual property rights with respect to our Play MPE(TM) product," comments Destiny CEO Steve Vestergaard. "They even threatened our customers with litigation for patent rights they didn't have. We consider their approach a bad faith attempt from a company desperate to obtain market share when both radio and our clients prefer the superior sound quality, security, speed, installed base, partners and features of our Play MPE(TM) product. We consider this whole matter a nuisance.

"Yangaroo has continued to spread misinformation to our customers in the US, including a press release on January 18, 2008 which claimed that the US patent examiner had agreed to recommend their patent for allowance. They have used this false claim to harass our US label customers so we are pleased that the US Patent and Trademark Office has issued this ruling, clarifying that this is not the case.

"This misinformation also extended to the investment community," said Vestergaard.

In a special alert on January 11, 2008, Yangaroo's investment banker, Cormark Securities, repeated the false claim that the examiner had agreed to issue a US patent, further claiming, "If Yangaroo is granted the patent Yangaroo will likely immediately launch a lawsuit for patent infringement against Destiny Media technologies and put DSNY's clients on notice for patent infringement."

According to Vestergaard, "Destiny demanded a retraction from Cormark, which was issued on January 15th, but this report and claims by Yangaroo management in Canadian national newspapers has been used to create confusion among Destiny's customers and investors."

In May 2007, Destiny filed a $25 million action against Yangaroo and certain executives for spreading similar misinformation in Canada. On February 29th, 2008, Destiny counsel sent a letter to Yangaroo's counsel demanding that Yangaroo cease and desist spreading false claims to Destiny's customers in the US and Canada.

Documents related to litigation against Yangaroo are available at http://dsny.com/invalidity/

About Play MPE(R)

With almost 21,000 users and over 82,000 songs from more than 1,000 record labels, including Universal Music Group, EMI Music Group, Sony BMG and Warner Music Group, Destiny's Play MPE(R) system is the most widely used digital distribution system available to the recording and radio industries. Play MPE(R) is a secure distribution system that features state-of-the-art encryption to protect content while delivering high definition audio to users in radio, marketing and media. A powerful promotional tool, Play MPE(R) also allows record companies to distribute video, text and graphics including music videos, CD covers, credits, lyrics, promotions, and other content. More information on Play MPE(R) can be found at http://www.plaympe.com/

About Destiny Media Technologies

Destiny (http://www.dsny.com/) is a software development company which provides tools that some of the world's largest media companies use to distribute their content on the Internet. Products include Play MPE(R), Clipstream(R) and Radio Destiny(TM).

Company Contact: Steve Vestergaard, CEO Destiny Media Technologies, Inc. (604) 609-7736 (ext. 222) Email: steve@dsny.com Safe Harbor Statement

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Destiny Media Technologies

CONTACT: Steve Vestergaard, CEO of Destiny Media Technologies, Inc.,
+1-604-609-7736, ext. 222, steve@dsny.com

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

Comcast Declares Quarterly Dividend

PHILADELPHIA, May 14 /PRNewswire-FirstCall/ -- Comcast Corporation , the country's leading cable, entertainment and communications company, announced today that its Board of Directors declared a quarterly dividend of $0.0625 a share on the Company's common stock. The quarterly dividend is payable on July 30, 2008 to shareholders of record as of the close of business on July 9, 2008.

To automatically receive Comcast financial news by e-mail, please visit http://www.cmcsa.com/ or http://www.cmcsk.com/ and subscribe to E-mail Alerts.

About Comcast

Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of entertainment, information and communications products and services. With 24.7 million cable customers, 14.1 million high-speed Internet customers, and 5.2 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.

Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten Comcast SportsNet networks and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.

Comcast Corporation

CONTACT: Investor Relations, +1-215-286-3035

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

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

FRAMINGHAM, Mass., May 14 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Middlesex County, Verizon Wireless has activated a new cell site. The new site increases high-speed wireless data coverage and capacity along Routes 135 and 126, downtown Framingham, and the surrounding area.

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,
Michael.murphy@verizonwireless.com; or Anne Elise O'Connor of Thomson
Communications, +1-617-548-2765, Aeoc@thomsoncommunications.com, for Verizon
Wireless

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

CGI awards outstanding achievements in the implementation of Ratabase(R)Stock Market Symbols GIB.A (TSX) GIB (NYSE)

ANDOVER, MA, May 14 /PRNewswire-FirstCall/ -- CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a global leader in information technology and business process services, today announced outstanding Ratabase- Implementation achievement awards at its 15th Annual Alliance Ratabase Technology Forum & Educational Conference, held in Tucson, AZ. The Excellence in Ratabase Awards Program recognizes the superior efforts of clients that have demonstrated excellence in their commitment to Ratabase and its deployment within their organizations and solutions.

The following carriers and individuals were recognized as the 2008 leaders in excellence:

Business Impact: Harford Mutual Insurance Company Process Improvement: aigdirect.com Travelers Technical Deployment: Erie Insurance Group Business Automation: USAA Ratabase Advocate: Patrick Steuber, Shelter Insurance Brenda Dorogi, Farmers Insurance Group Robert Lewandowski, Liberty Mutual Agency Markets

David Squibb, Vice President CGI Ratabase Practice, addressed the conference audience with highlights of each achievement in five different categories and emphasized the strategic benefits that the Ratabase solution has delivered to the winning organizations. "The Ratabase Excellence Awards are a fantastic example of how carriers are sharing their success using Ratabase, while being recognized within the industry for outstanding achievement and innovation" said David Squibb.

"Each year we see more award submissions offering exciting and creative implementations of the Ratabase product suite. It is thrilling to see how leading carriers leverage CGI's expert rating solution beyond straight rate management. Sharing successes spurs great discussion among our user community and increases collaboration within the carrier community. We congratulate all the 2008 Excellence Award recipients for the great efforts and thank them for making Ratabase the #1 implemented rating solution in the industry," added Squibb.

About Ratabase(R)

CGI's Ratabase is a comprehensive set of tools that empowers business professionals to build, design, and deploy insurance products in the fastest possible time and manner. Ratabase is successfully implemented in over 100 insurance organizations worldwide to allow them to create different and unique product plans. Since business users maintain the business logic, the dependency on IT resources is eliminated thus increasing the speed with which organizations can respond to market needs. Because it is not line of business specific, Ratabase is successfully implemented by many insurance organizations to create different and unique product plans. It can be deployed on a variety of platforms, facilitating integration into virtually any systems with broad processing requirements and distributed architectures, while ensuring consistent results across platforms.

About CGI

Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 27,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.8 billion and at March 31st, 2008, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: http://www.cgi.com/.

CGI GROUP INC.

CONTACT: Business Development: David Squibb, Vice-President, (978)
946-3343, david.squibb@cgi.com; Media: Linda Odorisio, Vice-President, US
Communications, (703) 227-6161, linda.odorisio@cgi.com

Spherix Reports 1st Quarter Earnings

BETHESDA, Md, May 14 /PRNewswire-FirstCall/ -- Spherix Incorporated reported a net loss for the three months ended March 31, 2008 of $1.9 million, or $0.13 per share. During this period, expenditures included $1 million in R&D on the company's on-going Phase 3 clinical trial in the use of Naturlose for the treatment of Type 2 diabetes. R&D costs for the same period in the prior year were $1.4 million and reflected the start-up costs for the trial.

For the Three Months Ended March 31, 2008 2007 Revenue from continuing operations $143,000 $- Loss from continuing operations $(1,914,000) $(2,040,000) Loss from discontinued operations $- $(251,000) Net loss $(1,914,000) $(2,291,000) Net loss per share Continuing operations $(0.13) $(0.15) Discontinued operations $- $(0.02) Net loss per share $(0.13) $(0.16)

Certain statements contained herein are "forward looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied. Factors that could cause actual results to differ materially from those expressed or implied include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission, including the filing on Form 8-K made on October 10, 2007.

Spherix's mission is to create value and increase shareholder wealth through innovations that benefit our clients and the human condition. Spherix offers innovations in biotechnology, and provides technical and regulatory consulting services to biotechnology and pharmaceutical companies.

Spherix's Internet address is http://www.spherix.com/.

Spherix Incorporated

CONTACT: Investor Relations of Spherix, +1-301-897-2540,
info@spherix.com

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

EDGAR(R) Online(R) Inc. and RR Donnelley Support Securities and Exchange Commission Proposed Rule for Public Companies Submitting Financial Statements in Interactive Data (XBRL)

NEW YORK, May 14 /PRNewswire-FirstCall/ -- EDGAR Online, Inc. and RR Donnelley announced their support for the SEC proposed rule made public today that will require SEC filing companies to submit their financial statements in eXtensible Business Reporting Language (XBRL) to the SEC EDGAR system.

"As an organization that is keenly aware of the value that XBRL brings to the capital markets, we applaud the SEC proposed rule to phase in XBRL-tagged filings over the next three years," said Philip Moyer, CEO and President of EDGAR Online. "XBRL is no longer a future technology -- it is here now. XBRL serves as the backbone of our data and subscription services and we deliver the world's largest database of XBRL tagged company financials to our clients every day. Through our XBRL filing solution with RR Donnelley, we are proud to demonstrate that companies can reliably provide the transparency that the investing community seeks without spending hundreds of hours and tens of thousands of dollars deciphering a new technology standard."

RR Donnelley and EDGAR Online have collaborated to deliver XBRL filing solutions to corporations since 2005. Both companies are members of the XBRL consortium and have a long history of support for the XBRL standard. RR Donnelley offers the market-leading solution for XBRL filings that leverages EDGAR Online's premier XBRL data creation, processing and distribution solutions.

In March, RR Donnelley and EDGAR Online launched TryXBRL.com, the world's first public web site that allows access to view and analyze complete XBRL-tagged financial statements for over 12,000 publicly-traded corporations.

TryXBRL.com benefits anyone interested in learning about XBRL as applied to real-world financial statements. Corporate finance professionals exploring filing in XBRL with the SEC can educate themselves about the process and view their own historical financial information in a XBRL format. Investors and analysts can experience firsthand how XBRL reduces the complexity and costs associated with analyzing performance data.

"Now any company interested in learning about or filing in XBRL has an opportunity to see their past financials tagged in XBRL and take advantage of a cost effective conversion and filing service" said Tom Juhase, President of RR Donnelley's Financial Services group. "Our solution enables companies to begin filing XBRL content with the SEC in as little as a few hours."

About RR Donnelley

RR Donnelley is the world's premier full-service provider of print and related services, including business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, visit the company's web site at http://www.rrdonnelley.com/ .

About EDGAR(R) Online, Inc.

EDGAR Online, Inc., http://www.edgar-online.com/ , is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The Company makes information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base.

Use of Forward-Looking Statements

This press release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this press release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in EDGAR Online's filings with the SEC. EDGAR Online disclaims any obligation to update or revise any forward-looking statements

EDGAR(R) is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

EDGAR Online, Inc.

CONTACT: T. David Colgren of Colcomgroup, Inc., +1-646-536-5103,
dcolgren@colcomgroup.com, for EDGAR Online, Inc.

Web site: http://www.edgar-online.com/
http://tryxbrl.com/
http://www.rrdonnelley.com/

Harford Mutual goes live with CGI's Ratabase(R)Stock Market Symbols GIB.A (TSX) GIB (NYSE)

ANDOVER, MA, May 14 /PRNewswire-FirstCall/ -- CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a leader in information technology and business process services, today announced that Harford Mutual Insurance Companies has gone live with CGI's rating engine and rate management solution, Ratabase(R). Ratabase provided a more flexible and robust rating engine to fit into the Harford's browser-based .Net policy administration and agent systems.

"Our goal was to move rating to a service oriented architecture (SOA) environment and Ratabase was a perfect fit," stated Steve Fabian, Assistant Vice-President of IT, Harford Mutual. "When we investigated the market, Ratabase provided the best solution for the SOA environment and it fit nicely into our .Net direction. Using a line by line rollout approach, we converted the policy administration rating function followed closely by the agency portal for online rating and policy submission. Workers Compensation was our first line and we completed the process from training, requirements, design and build/test to 'live' in 4 months and our agency portal closely followed. The transition was easy and our people were trained quickly which allowed us to roll out Business Owners and Commercial Automobile even more efficiently. Our ultimate goal is to move much of the maintenance from IT to the business side."

"We are happy to have Harford Mutual join our growing family of Ratabase customers," said David Squibb, Vice-President, CGI. "They are a prefect example of how Ratabase can be implemented quickly to deliver immediate results and increase speed to market with reduced resource needs."

About Ratabase(R)

CGI's Ratabase is a comprehensive set of tools that empowers business professionals to build, design, and publish insurance products in the fastest possible time and manner. Since business users maintain the business logic, the dependency on IT resources is minimized thus increasing the speed with which organizations can respond to market needs. Because it is not line of business specific, Ratabase is successfully implemented by many insurance organizations to create different and unique product plans. It can be deployed on a variety of platforms, facilitating integration into systems with broad processing requirements and distributed architectures, while ensuring consistent results across platforms.

About CGI

Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 27,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.8 billion and at March 31st, 2008, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: http://www.cgi.com/.

About Harford Mutual Insurance Companies

The Harford Mutual Insurance Company, founded in 1842 in Harford County, Maryland, provides property and casualty insurance products and services to a regional market. Our efforts allow policyholders to conduct their business and personal matters with the knowledge that they are protected by a financially-strong and established insurer. We strive for profitable growth through a commitment to individualized customer service and by providing the independent agent with a stable market for quality insurance products.

CGI GROUP INC.

CONTACT: Business Development: David Squibb, Vice President, New England
& Insurance Services, (978) 946-3343, david.squibb@cgi.com; Media: Linda
Odorisio, Vice-President, US Communications, (703) 227-6161,
linda.odorisio@cgi.com

Martha Stewart Living Omnimedia, Inc. to Present at Goldman Sachs Ninth Annual Internet Conference

NEW YORK, May 14 /PRNewswire-FirstCall/ -- Martha Stewart Living Omnimedia, Inc. today announced that Susan Lyne, President and Chief Executive Officer, and Howard Hochhauser, Chief Financial Officer, are expected to present at the Goldman Sachs Ninth Annual Internet Conference in Las Vegas, NV, on Thursday, May 22, 2008, at 11:00am PDT. A live audio webcast of the presentation will be accessible to the public on the Company's Website, http://www.marthastewart.com/ir, and an archived version will be available through June 5, 2008.

Martha Stewart Living Omnimedia, Inc. is a diversified media and merchandising company, inspiring and engaging consumers with unique lifestyle content and distinctive products. The Publishing segment encompasses four magazines, including the company's flagship publication, Martha Stewart Living, periodic special issues and books. The marthastewart.com website provides consumers with instant access to MSLO's multimedia library, search and find capabilities, recipes, online workshops, community and personalization tools and more. The Broadcasting segment produces such outstanding programming as the Emmy-winning daily, nationally syndicated television series, "The Martha Stewart Show" and Martha Stewart Living Radio, channel 112 on SIRIUS Satellite Radio. In addition to its media properties, MSLO offers high quality Martha Stewart products through licensing agreements with carefully selected companies, including the Martha Stewart Collection exclusively at Macy's, Martha Stewart Everyday at Kmart, Martha Stewart Crafts with EK Success and a co-branded food line with Costco. In April 2008, Emeril Lagasse joined the Martha Stewart family of brands; MSLO acquired the assets related to Lagasse's media and merchandising business, including television programming, cookbooks, and emerils.com website and his licensed kitchen and food products. For additional information about MSLO, visit http://www.marthastewart.com/ .

Martha Stewart Living Omnimedia, Inc.

CONTACT: Elizabeth Estroff, SVP, Corporate Communications, Martha
Stewart Living Omnimedia, +1-212-827-8281, eestroff@marthastewart.com

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

Le président de Panama et le directeur de Microsoft Research passent en revue les possibilités de recherche scientifique en Amérique latine

PANAMA CITY, May 14 /PRNewswire/ --

- L'expansion des programmes a pour objectif le renforcement des communautés de recherche de la région.

Microsoft Research a aujourd'hui lancé son quatrième sommet universitaire d'Amérique latine. Le président panaméen Martin Torrijos Espino a souhaité la bienvenue dans le parc de recherche << City of Knowledge >> (littéralement, la ville du savoir) à près de 300 leaders dans le domaine de la recherche - universitaires, fonctionnaires et chercheurs du secteur privé - originaires de 18 pays d'Amérique latine. Microsoft Research a réuni ces participants afin de débattre des différents moyens dont disposent la recherche et le développement scientifique pour stimuler le progrès social, économique et scientifique dans l'ensemble de l'Amérique latine. Rick Rashid, vice-président directeur de Microsoft Research, a prononcé le discours d'ouverture tandis que Gonzalo Rivas, directeur de la division Sciences et Technologie de la Banque de développement interaméricaine (IDB) a offert plusieurs commentaires.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )

<< Nous tenons à remercier Microsoft d'avoir choisi Panama pour accueillir le sommet universitaire d'Amérique latine, dans la City of Knowledge, un complexe construit sur une ancienne base militaire qui est consacré à l'éducation, à la recherche et à l'innovation et qui abrite désormais plusieurs sociétés et organisations internationales de la nouvelle économie >>, a déclaré Martin Torrijos, président de Panama. Il a poursuivi : << Ce complexe illustre la détermination de ce pays à relever le défi de l'innovation à l'échelle mondiale et nous invitons Microsoft et les autres entreprises à soutenir Panama, l'Amérique latine et les Caraïbes dans leurs efforts de réduction des disparités en matière d'innovation. >>

Au cours du discours principal, M. Rashid, qui dirige les six laboratoires mondiaux de recherche de Microsoft Research, a annoncé le deuxième tour de financement de la Fédération latino-américaine et des Caraïbes de recherche collaborative en technologies de l'information et des télécommunications (Virtual Institute). Ce financement de 150 000 US$ aidera à approfondir les opportunités de recherche dans l'ensemble de la région. M. Rashid a aussi présenté le nouveau WorldWide Telescope de Microsoft Corp, un outil collaboratif innovant qui apporte de véritables corps célestes dans l'ordinateur d'un utilisateur. Cette technologie est offerte depuis hier en tant que ressource gratuite à l'intention du secteur de l'astronomie et des communautés éducatives.

<< Ces cinq dernières années, Microsoft Research s'est considérablement engagée pour augmenter la capacité, la visibilité et la qualité de la recherche universitaire latino-américaine grâce à des initiatives telle que le Virtual Institute, un programme de stages et de recherches et pour soutenir plusieurs projets de recherche innovants >>, a expliqué M. Rashid. << Nous sommes convaincus qu'un investissement dans les ressources informatiques et la recherche universitaire aura pour cette région des avantages décisifs et nécessaires à long terme, tant au niveau social qu'économique. >>

Epaulant Microsoft dans son soutien du Virtual Institute, l'IDB a annoncé à la conclusion de la session de la matinée un don de 150 000 US$ au Virtual Institute, amenant ainsi son financement total à 300 000 US$.

<< La Banque de développement interaméricaine partage l'engagement de Microsoft Research envers le développement de la capacité de recherche de la région >>, a déclaré M. Rivas de l'IDB. << Nous avons le plaisir d'annoncer notre contribution de 150 000 US$ pour soutenir la Fédération latino-américaine et des Caraïbes de recherche collaborative en technologies de l'information et des télécommunications, ainsi que notre participation à d'autres initiatives destinées à encourager un environnement de collaboration en faveur de l'établissement de solutions de recherche et d'éducation transfrontalières. >>

Les annonces d'aujourd'hui, ainsi que cet événement annuel en faveur de la recherche latino-américaine organisé par Microsoft Research, soulignent les tendances futures de la recherche informatique. En outre, ils mettent en évidence l'importance des partenariats aux niveaux universitaires, éducatifs et scientifiques qui permettront d'encourager l'inclusion numérique, de développer les économies et de soutenir la compétitivité dans la région grâce à des capacités de recherche accrues pour le monde universitaire et les étudiants.

Au cours de ces dernières années, Microsoft s'est efforcée d'identifier les tendances et les défis technologiques locaux et d'établir des liens étroits avec les milieux de recherche universitaire et gouvernementale. Depuis 2002, Microsoft Research a investi environ 5 millions US$ en bourses de recherche, laboratoires d'apprentissage technologique, conférences régionales de recherche, stages et bourses de doctorat ainsi que dans d'autres initiatives régionales. Le Virtual Institute constitue un des résultats concrets de cette politique d'investissement. La contribution de la société pour l'établissement de l'institut en mai 2007 s'est initialement élevée à 1,1 million US$. L'IDB et l'Organisation des états américains comptaient parmi les contributeurs originels aux côtés de Microsoft Research dans cet effort en faveur de la recherche, dont l'objectif est de stimuler les collaborations universitaires de recherche en Amérique latine dans les domaines des technologies de l'information et des communications, moteurs du développement économique et social. Le centre administratif de l'institut a été établi à Santiago dans la Pontificia Universidad Catolica De Chile (PUC-Chile) et la Universidad de Chile avec des universités relais au Brésil, en Argentine, en Uruguay, au Costa Rica et au Mexique. La fédération de recherche maintient des liens avec 215 chercheurs, issus de 29 universités dans 11 pays latino-américains. Microsoft Research continue aussi de soutenir des projets de recherche allant des progrès en bioinformatique, biologie génomique et biotechnologie à l'inclusion numérique par l'intermédiaire des technologies sans fil et mobiles.

Microsoft External Research collabore avec les plus importants chercheurs universitaires, gouvernementaux et du secteur privé du monde pour entraîner la recherche dans de nouvelles directions, dans presque tous les domaines de l'informatique, de l'ingénierie et des sciences en général.

A propos de Microsoft Research

Fondée en 1991, Microsoft Research se consacre à la recherche fondamentale et appliquée en informatique et ingénierie logicielle. Ses objectifs consistent à améliorer l'expérience des utilisateurs sur les outils informatiques, réduire les coûts d'édition et d'entretien des logiciels et inventer de nouvelles technologies informatiques. Les chercheurs travaillent dans plus de 55 domaines des sciences informatiques et collaborent avec des universités, des administrations et des industriels de premier plan pour dépasser les frontières existant actuellement dans des domaines tels que le graphisme, la reconnaissance vocale, l'interface utilisateur, le traitement du langage naturel, les méthodologies et outils de programmation, les systèmes et réseaux d'exploitation ainsi que les sciences mathématiques. Microsoft Research emploie actuellement plus de 800 personnes dans six laboratoires situés à Redmond (Washington), Cambridge (Massachusetts), Silicon Valley (Californie), Cambridge (Royaume-Uni), Beijing (Chine) et Bangalore (Inde). Microsoft Research collabore ouvertement avec des établissements d'enseignement supérieur et des universités du monde entier pour améliorer la formation et l'apprentissage, favoriser l'innovation technologique et, plus généralement, promouvoir les sciences informatiques. Pour plus de renseignements, veuillez consulter http://www.research.microsoft.com.

A propos de Microsoft

Fondée en 1975, Microsoft (Nasdaq : MSFT) est le leader mondial des logiciels, des services et des solutions informatiques qui aident les individus et les entreprises à réaliser pleinement leur potentiel.

A propos de Microsoft EMEA (Europe, Moyen-Orient, Afrique)

La présence de Microsoft dans les territoires de l'EMEA remonte à 1982. Microsoft y compte plus de 16 000 employés répartis dans plus de 64 filiales et offre ses produits et services dans plus de 139 pays et régions.

Ce communiqué est émis uniquement à titre d'information. Microsoft Corp se dégage de toute responsabilité concernant l'utilisation de ce communiqué à d'autres fins. Microsoft Corp ne pourra, à aucun moment, être tenue responsable des dommages directs, indirects ou consécutifs, ayant été occasionnés au cours d'une action contractuelle, d'une négligence, ou de toute autre action découlant de l'utilisation ou liée au présent document. Aucun des propos contenus dans le présent communiqué ne peut être interprété comme une forme quelconque de garantie.

Site Internet : http://www.microsoft.com

Microsoft Corp

Andrea Sommer, Waggener Edstrom Worldwide, +1-503-443-7446, asommer@waggeneredstrom.com, pour Microsoft Corp ; ou EMEA Response Centre pour Microsoft Corp, emearesponse@waggeneredstrom.com. REMARQUE À L'INTENTION DES RÉDACTEURS : pour de plus amples informations à propos de Microsoft dans la région EMEA, veuillez consulter le site http://www.microsoft.com/emea ou le centre de presse EMEA à l'adresse http://www.microsoft.com/emea/presscentre. Les liens hypertextes, les numéros de téléphones et les titres étaient exacts au moment de la publication mais sont susceptibles d'avoir changé depuis. Pour plus de renseignements, les journalistes et les analystes peuvent contacter les personnes appropriées répertoriées dans la page http://www.microsoft.com/presspass/contactus.mspx. Pour de plus amples renseignements à propos de Microsoft Corp, veuillez consulter la page Web de Microsoft, http://www.microsoft.com/presspass sur les pages d'information d'entreprise de Microsoft. Photo : NewsCom : http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive : http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

President of Panama and Head of Microsoft Research Address Scientific Research Opportunities in Latin AmericaExpansion of the programs is aimed at strengthening region's research community.

PANAMA CITY, May 14 /PRNewswire-FirstCall/ -- Microsoft Research today kicked off its fourth annual Latin American Academic Summit, where the Panamanian President Martin Torrijos Espino welcomed nearly 300 academic, government and industry research leaders from 18 Latin American countries to the City of Knowledge research park. The attendees were brought together by Microsoft Research to discuss how scientific research and development can stimulate social, economic and scientific progress throughout the Latin American region. Rick Rashid, senior vice president of Microsoft Research, delivered the keynote address, and Gonzalo Rivas, chief of the Division of Science and Technology at the Inter-American Development Bank (IDB), provided comments.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)

"We thank Microsoft for having selected Panama to host the Latin American Academic Summit at the City of Knowledge, a complex built atop an ancient military base and dedicated to education, research and innovation, and now home to several companies and international organizations in the new economy," said Martin Torrijos, president of Panama. "This makes evident how this country accepts the challenge of innovation on a global scale, and we invite Microsoft and other corporations to support Panama, Latin America and the Caribbean in narrowing the gap in the creation of knowledge."

During a keynote address, Rashid, who is the head of Microsoft Research's six global research labs, announced the company's second round of funding to the Latin American and Caribbean Collaborative ICT Research Federation (Virtual Institute). This funding of $150,000 (U.S.) will help continue the expansion of research opportunities across the region. Rashid also demonstrated Microsoft Corp.'s new WorldWide Telescope, an innovative collaborative tool that brings real celestial bodies to a user's desktop. The technology became available yesterday as a free resource to the astronomy and education communities.

"For the last five years, Microsoft Research has invested in increasing the capacity, visibility and quality of Latin American academic research through initiatives such as the Virtual Institute, an internship and fellowship program, and support to several innovative research projects," Rashid said. "We believe that investing in computing and academic research will deliver much-needed, long-term social and economic benefits to the region."

Joining Microsoft in its support of the Virtual Institute was the IDB, which concluded the morning session by announcing $150,000 (U.S.) in funding for the Virtual Institute, bringing the total to $300,000.

"The Inter-American Development Bank shares Microsoft Research's commitment to address the research capacity across the region," IDB's Rivas said. "We are pleased to announce our contribution of $150,000 to support the Latin American and Caribbean Collaborative ICT Research Federation and other efforts designed to support a collaborative environment to enable cross- country research and education solutions."

Today's announcements and Microsoft Research's annual Latin American research event underscore future trends of computing research and highlight the importance of collaborating with partners in the academic, education and scientific communities to foster digital inclusion, develop economies and support competitiveness in the region through increasing research capacity for faculty and students.

Over the past several years, Microsoft has worked to identify local trends and challenges in technology, and to establish deep relationships with academic and governmental research communities. Since 2002, Microsoft Research has invested approximately $5 million (U.S.) through research grants, technology learning labs, regional research summits, internships and doctorate fellowships, and other regional initiatives. One tangible result of this investment is the Virtual Institute. The company's initial contribution to establish the institute in May 2007 was $1.1 million (U.S.). The IDB and the Organization of American States were among the original organizations that joined Microsoft Research in this research endeavor, which is designed to stimulate Latin American academic collaborative research in information and communication technologies as an enabler of economic and social development. The institute's administrative hub has been established at Pontificia Universidad Catolica De Chile (PUC-Chile) and Universidad de Chile in Santiago, with spoke universities in Brazil, Argentina, Uruguay, Costa Rica and Mexico. The research federation is interacting with 215 researchers from 29 universities in 11 countries in Latin America. Microsoft Research also continues to support research projects ranging from advancing bioinformatics, genome biology and biotechnology to digital inclusion through mobile and wireless technologies.

Microsoft External Research collaborates with the world's foremost researchers in academia, industry and government to move research in new directions across nearly every field of computer science, engineering and general science.

About Microsoft Research

Founded in 1991, Microsoft Research is dedicated to conducting both basic and applied research in computer science and software engineering. Its goals are to enhance the user experience on computing devices, reduce the cost of writing and maintaining software, and invent novel computing technologies. Researchers focus on more than 55 areas of computing and collaborate with leading academic, government and industry researchers to advance the state of the art in such areas as graphics, speech recognition, user-interface research, natural language processing, programming tools and methodologies, operating systems and networking, and the mathematical sciences. Microsoft Research currently employs more than 800 people in six labs located in Redmond, Wash.; Cambridge, Mass.; Silicon Valley, Calif.; Cambridge, England; Beijing, China; and Bangalore, India. Microsoft Research collaborates openly with colleges and universities worldwide to enhance the teaching and learning experience, inspire technological innovation, and broadly advance the field of computer science. More information can be found at http://www.research.microsoft.com/.

About Microsoft

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Microsoft Corp.

CONTACT: Andrea Sommer, +1-503-443-7446, asommer@waggeneredstrom.com, or
Rapid Response Team, +1-503-443-7070, rrt@waggeneredstrom.com, both of
Waggener Edstrom Worldwide for Microsoft Corp.

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

Everything Channel's 2008 RetailVision Europe Event Begins

FRAMINGHAM, Mass., May 14 /PRNewswire-FirstCall/ -- Everything Channel (formerly CMP Channel), the global leader in technology sales, today announced the beginning of the 2008 RetailVision Europe, the only Pan-European Event where new PC and consumer electronics products and channel programs are unveiled, retailer/distributor-vendor relationships are forged, and critical retail merchandising decisions are made. The event will take place May 14-16 at the Rome Marriott Park Hotel.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080505/NYM117LOGO-a ) (Logo: http://www.newscom.com/cgi-bin/prnh/20080422/NYTU091LOGO-b )

RetailVision Europe reflects the most focused business Event in the retail channel. The agenda is built to maximize the face-to-face interaction between Vendors, Retailers, and Distributors in both highly structured business settings, and relaxed social networking events.

Attendees include more than 150 buyers from Europe's leading retail, online, and mail order companies from more than 24 countries, who play a major role in product purchase, stocking and fulfillment decisions will also be attending as well as more than 75 sales and marketing executives from technology vendors represent a full range of emerging technology products and channel services.

"RetailVision is the only pan-European event where attendees are guaranteed to meet and do business with Europe's top IT retailers and distributors," said Nancy Hammervik, Vice President, Everything Channel Events. "These key decision makers are responsible for identifying and selecting the latest products and services that their companies will offer in thousands of outlets across Europe. RetailVision is THE must attend event in the retail industry."

The event will also host the RetailVision Awards Gala Dinner which increases brand awareness in the channel. The awards honor the Best Hardware/Peripheral, Software, Accessories, Retail Strategy, Presentation and Vendor.

Additional information about RetailVision Europe can be found at http://www.retailvision.com/europe.

About Vision Events

Vision Events, a division of United Business Media, is a leading producer of highly focused business events that bring resellers and end users together with leading and emerging technology providers in private boardroom appointments and case study presentations to form strategic partnerships and secure new business in the technology sector. Additional information about Vision Events can be found at visionevents.com.

Everything Channel (http://www.everythingchannel.com/, http://www.channelweb.com/)

Everything Channel, formerly CMP Channel, is the global leader in technology sales and serves as the one stop shop for the sales channel that drives 75 percent of technology sales throughout the world. IT suppliers and Solution Providers turn to Everything Channel to manage and accelerate their business. Everything Channel provides the answer to strategy and branding, online marketing, research/market intelligence, lead generation, branded and custom events, education and workflow tools targeted to those who buy and sell through the Channel. Everything Channel is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

Contact Kate Spellman Everything Channel (516) 562-7383 kspellman@everythingchannel.com

Photo: http://www.newscom.com/cgi-bin/prnh/20080505/NYM117LOGO-a
http://www.newscom.com/cgi-bin/prnh/20080422/NYTU091LOGO-b
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Everything Channel

CONTACT: Kate Spellman, of Everything Channel, +1-516-562-7383,
kspellman@everythingchannel.com

Web site: http://www.everythingchannel.com/
http://www.channelweb.com/
http://www.retailvision.com/europe
http://www.cmp.com/
http://www.unitedbusinessmedia.com/

Company News On-Call: http://www.prnewswire.com/comp/181993.html

Cyberlux Receives New Orders as National Guard Expands Use of Cyberlux BrightEye Tactical LED Lighting SystemsNew York Air National Guard, New York Civilian Support Team, Indiana National Guard and Minnesota National Guard Order BrightEye

RESEARCH TRIANGLE PARK, N.C., May 14 /PRNewswire-FirstCall/ -- Cyberlux Corporation, (BULLETIN BOARD: CYBL) , a leading provider of LED lighting solutions, announced today that the Company has received purchase commitments from the New York Air National Guard, the New York National Guard Civilian Support Team, the Indiana National Guard and the Minnesota National Guard for BrightEye Tactical Illumination Systems. The BrightEye Systems are for immediate deployment to Iraq with the various state National Guard and Air National Guard units. The new orders total $163,005 in revenue.

Over the last year, Cyberlux has supported the National Guard Bureau with the deployment of BrightEye systems to state-level National Guard and Air National Guard units. This effort has generated over $750,000 in orders and over $650,000 thus far in 2008, all incremental revenue to the $8.0 million Department of Defense Appropriations Budget for U.S. Air Force.

Over the last six months, the National Guard Bureau purchased 17 BrightEye Systems, a $313,004 purchase, to equip the Nation's emergency response CERFP teams and Air National Guard purchased 10 BrightEye Systems, a $187,412 purchase, to support the Aviation Support Facilities across the country. The BrightEye Systems will be used for maintenance lighting, expeditionary base lighting and general lighting applications that require rapid deployment and a small size/weight footprint. Most recently, Cyberlux has supported the Air National Guard's Emergency Medical Support (EMEDS) units with remote lighting capability provided by the BrightEye 4M Tower System, and the EMEDS units are now pursuing the BrightEye systems for field deployment.

"We are excited to see the use of our BrightEye systems continue to expand across the National Guard and Air National Guard state-level units. These new orders are the direct result of the level of capability and performance our BrightEye Systems have provided to the National Guard. Even with these initial BrightEye system purchases, there are over 40 states that have yet to have their requirements for light-weight, rapidly deployable lighting systems fulfilled," said Mark Schmidt, president and chief operating officer for Cyberlux. "These orders are the next step in deploying our BrightEye tactical lighting solution across the National and Air National Guard's operations."

The BrightEye Portable Illumination Systems are designed as visible and night-vision compatible illumination system for mission-critical tactical lighting requiring rapidly deployable, high-intensity lighting capability. Using advanced optics, advanced solid-state lighting technology, and light- weight advanced battery power, all contained in easily transportable wheeled cases, the BrightEye Systems are capable of eliminating the space-consuming bulk, noise and energy consumption of the current generator-powered incandescent lighting systems. Unique to the marketplace, the BrightEye Systems provide broad area visible white lighting and night-vision compatible IR lighting capable of operating all night on an advanced battery power system, capabilities not available in traditional lighting systems.

The BrightEye Systems are available through the General Services Administration (GSA) Federal Supply Schedule 56 for Specialty Lighting products under Cyberlux GSA Contract GS-07F-9409S.

About Cyberlux Corporation

Cyberlux Corporation (BULLETIN BOARD: CYBL) , a leader in solid-state lighting innovation, has developed breakthrough LED lighting technology that provides the most energy efficient and cost effective portable lighting solutions available today for military and commercial uses. The Military and Homeland Security products provide tactical covert and visible lighting capability and are designed as highly mobile, battery-powered lighting systems ideal for threat detection, force and asset protection and general expeditionary lighting needs. For more information, please visit http://www.cyberlux.com/ .

Investor Contact: Richard Brown, rbrown@cyberlux.com / 617-314-7379

This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to expand its financing concurrent with the Company's growth. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2007. The Company undertakes no obligation to publicly release the result of any revisions to these forward- looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Cyberlux Corporation

CONTACT: Investors: Richard Brown of Cyberlux Corporation,
+1-617-314-7379, rbrown@cyberlux.com

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

Nanophase Recertified to ISO9001 and ISO14001Nanophase Sets New Safety Record

ROMEOVILLE, Ill., May 14 /PRNewswire-FirstCall/ -- Nanophase Technologies , a technology leader in nanomaterials and advanced nanoengineered solutions, has been independently recertified to meet the standards of ISO9001, the international Quality Management Standard and ISO14001, the international Environmental Management Standard. An audit of the Company's manufacturing and development facilities and associated environmental systems was recently conducted by an ANSI accredited third party auditor, SGS Systems of Rutherford, NJ. As a result of the audit and Nanophase's demonstration of the robustness of its Quality and Environmental Management Systems, recertification has been granted. Nanophase was originally recognized to meet the international standards of ISO9001 in January 1997 and ISO14001 in April 2005.

"Having external verification of Nanophase's quality and environmental management systems and demonstration of the company's compliance with these systems is very important as we continue to accelerate the growth of our business," commented Robert Haines, Nanophase's Vice President of Operations and Engineering. "It is important to our larger international customers, as well as for new business customers, to know that they are doing business with a reputable company that has robust environmental, health, and safety practices and who is a good corporate citizen. I would like to especially recognize our quality and environmental management staff for their leadership and hard work in this area. As a company we have institutionalized these systems, along with Lean Six Sigma, in the manner we conduct operations everyday."

Mr. Haines also noted that the Company had surpassed 880,000 hours worked, or over 400 man years, without a lost time accident. "This is an exemplary record, especially for a company of our size, and demonstrates the Company's sound safety practices and employee dedication to safety in the workplace," noted Mr. Haines.

Nanophase is a voting member of ASTM E56 and ISO USATG TC229, which are U.S.-based committees developing new international industry standards for the management and characterization of nanomaterials. Nanophase is constantly working to identify and apply best available technologies and practices to ensure worker, customer, and public safety.

Nanophase Technologies Corporation (NANX), http://www.nanophase.com/, is a leader in nanomaterials technologies and provides nanoengineered solutions for multiple industrial product applications. Using a platform of patented and proprietary integrated nanomaterial technologies, the Company creates products with unique performance attributes from two ISO 9001:2000 and ISO 14001 facilities. Nanophase delivers commercial quantity and quality nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media. The Company owns or licenses 18 United States and 49 foreign patents and patent applications. Information about Nanophase may be found in the Company's public filings or on its website.

This press release contains words such as "expects", "shall", "will" , "believes" and similar expressions that are intended to identify forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such statements in this announcement are made based on the Company's current beliefs, known events and circumstances at the time of publication, and as such, are subject in the future to unforeseen risks and uncertainties that could cause the Company's results of operations, performance and achievements to differ materially from current expectations expressed in, or implied by, these forward-looking statements. These risk and uncertainties include the following: a decision by a customer to cancel a purchase order or supply agreement in light of the Company's dependence on a limited number of key customers; uncertain demand for, and acceptance of, the Company's nanocrystalline materials; the Company's manufacturing capacity and product mix flexibility in light of customer demand; the Company's limited marketing experience; changes in development and distribution relationships; the impact of competitive products and technologies; the Company's dependence on patents and protection of proprietary information; the resolution of litigation in which the Company may become involved; and other risks described in the Company's Form 10Q filed May 9, 2008,, and other filings with the Securities and Exchange Commission. In addition, the Company's forward-looking statements could be affected by general industry and market conditions and growth rates. Except as required by federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events, uncertainties or other contingencies.

Nanophase Technologies

CONTACT: Joseph Cross, President, CEO, +1-630-771-6705, or Jess
Jankowski, VP, CFO, +1-630-771-6702, or Nancy Baldwin, Investor Relations,
+1-630-771-6707, all of Nanophase Technologies

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

Warp 9 Reports 353% Increase in Net IncomeGross margins grow to a record 95%

SANTA BARBARA, Calif., May 14 /PRNewswire-FirstCall/ -- Warp 9, Inc. (BULLETIN BOARD: WNYN) , the premier provider of robust e-commerce platforms and services, announces financial results for its third fiscal quarter ended March 31, 2008.

Net income for the quarter grew 353% year over year to $119,615 from $26,405. Although revenue for the quarter fell to $580,477 from $771,989, the decline is largely attributable to the elimination of pass-through marketing expenses. Gross margins grew to a record 95%.

Harinder Dhillon, Warp 9's CEO, commented, "We continue to work hard to complete the company's turnaround. Management's efforts have been focused on improving the company's balance sheet and we are pleased with the progress that has resulted from our fiscal discipline."

The quarter ending March 31, 2008 marked the sixth consecutive quarter of positive net income. The company's cash balance grew 21% from the previous quarter to $779,583 and working capital almost doubled from the previous quarter, from $210,193 to $400,205. The company's total debt was reduced almost 14% from the previous quarter. Mr. Dhillon added, "Obviously, we can make no assurances, but management will continue to find ways to reduce our debt burden. We believe these are steps we must take to ensure that we will be positioned for future growth and profitability."

Warp 9 powers some of the most successful e-commerce websites for retailers such as http://www.magellans.com/, and Spiegel Brands' http://www.carabella.com/, and http://www.ablambdin.com/.

About Warp 9

Warp 9, Inc. (http://www.warp9inc.com/) is the premier provider of enterprise-class e-commerce platforms and services to mid-sized businesses in the catalog and retail industry. With a proven track record and years of experience in the industry, Warp 9's comprehensive and scalable suite of software platforms and technologies for online catalogs, e-mail marketing, and interactive visual merchandising help businesses leverage the Internet to increase sales. Offered on a fully managed Software-as-a-Service model, Warp 9 products deliver unique benefits to its customers by reducing total cost of ownership, lowering upfront cost, providing faster time to market and being a one-stop-shop for all things e-commerce. Known for its outstanding customer service, Warp 9 powers some of the most successful e-commerce sites for companies like Magellan's and Spiegel.

Safe Harbor Statement:

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "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.

Warp 9, Inc.

CONTACT: media relations, T. Harris of Warp 9, Inc., +1-805-964-3313,
ext. 103

Web site: http://www.warp9inc.com/

Coldplay and The Pussycat Dolls Set to Take the Stage for the '2008 MTV Movie Awards' Live on Sunday, June 1

NEW YORK, May 14 /PRNewswire/ -- MTV today revealed performers for Hollywood's highly anticipated, irreverent awards ceremony, the "2008 MTV Movie Awards." Known for introducing diverse line-up of performers to the masses, this year's ceremony also promises to be an explosive musical showcase. Taking the stage to debut new music and deliver eagerly awaited live performances are Coldplay and The Pussycat Dolls. Hosted by Mike Myers, the "2008 MTV Movie Awards" airs LIVE on June 1st at 8:00pm ET/7:00pm CT from the Gibson Amphitheatre in Universal City, CA.

MTV is once again setting the trend for what will be hot in music this summer, as both Coldplay and The Pussycat Dolls perform music from their upcoming albums at the "2008 MTV Movie Awards." Coldplay is set to perform the single "Violet Hill" from their new album, Viva La Vida, to be released June 17th. Known for their hit singles, such as "Speed of Sound" and "Clocks," Coldplay has been one of the most commercially successful acts today, selling over 30 million albums.

Adding sizzle to the night, sexy singing-and-dancing ensemble, The Pussycat Dolls will deliver "When I Grow Up" from their upcoming album to be released Summer 2008. This is a follow up to their triple-platinum debut album, PCD, which featured hit singles including "Don't Cha" and "Buttons."

Coldplay and The Pussycat Dolls are just the most recent artists to take to the MTV Movie Awards stage, which has showcased a variety of established and up-and-coming artists. Last year's show welcomed Rihanna featuring Jay-Z, and Amy Winehouse. Both Amy Winehouse and Rihanna found themselves at the top of the Billboard Album charts following electrifying live performances of their hit singles "Rehab" and "Umbrella" at the "2007 MTV Movie Awards." MTV powerhouse Rihanna whose album Good Girl Gone Bad was released on June 5, 2007 -- just two days after her Movie Awards performance -- sold an impressive 162,000 copies in its first week to hit #2 on the Billboard charts. And then- emerging artist, Amy Winehouse's album Back To Black had a sales increase of 33% in the same week as her "2007 MTV Movie Awards" performance.

Up for the coveted golden popcorn at the "2008 MTV Movie Awards" are "Superbad," leading the way with five nominations, and "Juno," receiving four nominations. Also vying for an award are "Enchanted," "Transformers," "Pirates of the Caribbean: At World's End" and "Knocked Up" with 3 nominations each. MTV has also partnered with some of the most popular UGC video sites, including Photobucket (http://www.photobucket.com/), MySpace (http://www.myspace.com/), Daily Motion (http://www.dailymotion.com/), Break (http://www.break.com/), Buzznet (http://www.buzznet.com/), Heavy (http://www.heavy.com/) and FunnyorDie (http://www.funnyordie.com/) to give anyone and everyone with a creative vision their chance to shine in a celeb-filled arena. Finalists for the "BEST MOVIE SPOOF" will be flown to Los Angeles to attend the "2008 MTV Movie Awards" where one will be crowned the winner.

The destiny of the coveted golden popcorn lies in the hands of the viewers. Fans can vote by visiting http://www.movieawards.mtv.com/ before May 23rd to support their favorite nominees in each category.

The "2008 MTV Movie Awards" will be available to a potential viewing audience of more than 1.4 billion people via MTV's global network of 64 channels reaching 559.8 million households around the world as well as through syndication. In addition, its convergent programming & content will reach the entire interactive community, via more than 180 MTV digital media properties around the world.

Mark Burnett serves as Executive Producer for the 2008 MTV MOVIE AWARDS. Audrey Morrissey is Co-Executive Producer. Jane Mun and Ted Smith serve as Producers.

Official sponsors of "The 2008 MTV MOVIE AWARDS" are Dibs, Dove Go Fresh, GM, Old Navy, Orbit(R), Secret and Taco Bell Corp.(R).

About MTV

MTV is the dynamic, vibrant experiment at the intersection of music, creativity and youth culture. For over 26 years, MTV has evolved, challenged the norm, and detonated boundaries -- giving each new generation a creative outlet and voice that entertains, informs and unites on every platform and screen. On-air, MTV has been the number one rated 24 hour ad-supported cable network P12-24 for 16 straight years. Online, MTV.com scored double-digit growth in 2007 and MTV launched ten dynamic online communities and six new virtual worlds. On the go, MTV Mobile is the #1 music brand in the wireless space -- delivering 90% more streams than in 2006. And MTV's successful sibling networks MTV2, mtvU and MTV Tr3s each deliver unprecedented customized content, super-serving music fans, college students and young American Latinos like no one else. MTV is part of MTV Networks, a unit of Viacom , one of the world's leading creators of programming and content across all media platforms. Wanna know more? Come on in ... http://www.mtvpress.com/.

About Mark Burnett Productions

Mark Burnett Productions (MBP) is a leading production company for primetime television, cable and the internet, and has produced 1,100 hours of television programming which regularly airs in over 70 countries around the world. MBP revolutionized television with hits such as Survivor (CBS), The Apprentice (NBC), The Contender (ESPN), Rock Star: INXS (CBS), the Steven Spielberg and Dreamworks Television co-production On The Lot (FOX), and the smash hit Are You Smarter Than a 5th Grader? (FOX) which is currently being produced in 51 countries. In the summer of 2007, MBP entered the world of Award Shows, when Mark Burnett served as executive producer for the 2007 MTV Movie Awards. Since 2001, MBP has garnered a total of 47 Emmy nominations with 5 wins, and has won 4 People's Choice Awards. Mark Burnett has been named one of the most influential people in the world by TIME magazine and named TV Guide's most valuable player. He has won both BRANDWEEK'S Marketer of the Year Award and the prestigious ROSE D'OR FRAPA Format Award. In 2007, Mark Burnett was inducted into the Broadcasting and Cable Hall of Fame.

MTV

CONTACT: Jessica Nicola, +1-212-846-6762, Jessica.Nicola@mtvstaff.com,
or Emily Yeomans, +1-310-752-8074, Emily.Yeomans@mtvstaff.com, both of MTV

Web site: http://www.mtv.com/
http://www.movieawards.mtv.com/
http://www.mtvpress.com/
http://www.photobucket.com/
http://www.myspace.com/
http://www.dailymotion.com/
http://www.break.com/
http://www.buzznet.com/
http://www.heavy.com/
http://www.funnyordie.com/

Flavor Flav's Eternal Search for Love Finally Ends in Paris!Series and Season Finale of 'Flavor of Love' Premiering Monday, May 19 at 9:00 PM*New Single From Flavor Flav and the Winner Of 'VH1's The Track' Available Today on FlavorOfLoveWorld.com

NEW YORK, May 14 /PRNewswire/ -- It's been an endless journey for your boy Flav and three seasons full of ups and downs. But finally, in the City of Lights, it's time for Flavor Flav to put it all on the line. On the series' finale of "Flavor of Love 3" premiering on Monday, May 19 at 9:00 PM* Flav finds himself caught between an undeniable chemistry with one girl and a love connection with the other. With his promise that he'll "find love or die trying," this final episode proves to be the most dramatical elimination in "Flavor of Love" history.

Leading up to the series' grand finale, VH1 will marathon episodes from season 3 on Monday, May 19 beginning 11:00 AM.* Fans can also relive moments and contestants from seasons past throughout the weekend. On Saturday, May 17, the entire "Flavor of Love" season one will air back to back beginning at 1:00 PM*. Then on Sunday, May 18 beginning at 10:30 AM* VH1 will air "Flavor of Love 2."

Additionally, Flavor Flav's new single "317," which he recorded and co- produced with Sam Knight, the winner of "VH1's The Track with Flavor Flav" is now available for free download on FlavorOfLoveWorld.com. In addition to providing vocals, Flav plays bass and the keyboard on the new upbeat and funky single "317." The track also features Raphael Saadiq on bass.

The winning track created by Sam Knight was chosen by user votes from the nearly 5,000 submissions the online contest generated. Additional behind-the- scenes video shot during Flav and Sam's recording session is also available online at FlavorOfLoveWorld.com.

VH1's "Flavor of Love" is created and executive produced by Mark Cronin and Cris Abrego for 51 Minds Entertainment, LLC. an Endemol Company, who also produce the record-breaking series "Rock of Love," "Flavor of Love," "Charm School," "I Love New York," "The Surreal Life" and "My Fair Brady." The production teams' programming launched VH1 into their highest ratings ever and their ratings continue to outperform their previous successes. Ben Samek and Matt Odgers also executive produce for the series and the company.

Jeff Olde, Jill Holmes and Kristen Kelly oversee the series for VH1.

VH1 connects viewers to the music, artists and pop culture that matter to them most with TV series, specials, live events, exclusive online content and public affairs initiatives. VH1 is available in 90 million households in the U.S. VH1 also has an array of digital channels and services including VH1Classic, VH1 Soul, VH1 Mobile, VH1Games and extensive broadband video on VH1.com. Connect with VH1 at VH1.com.

*** For up-to-the-minute and archival press information including releases and photographs, visit VH1's press-only Web site at http://www.vh1.com/press ***

* all times ET/PT Contacts: Chris Delhomme/VH1 Maura Wozniak/VH1 310-752-8635 212-846-7325 Chris.Delhomme@vh1staff.com Maura.Wozniak@vh1staff.com

VH1

CONTACT: Chris Delhomme, +1-310-752-8635, Chris.Delhomme@vh1staff.com,
or Maura Wozniak, +1-212-846-7325, Maura.Wozniak@vh1staff.com, both of VH1

Web site: http://flavorofloveworld.com/
http://www.vh1.com/

The Apple Store Boylston Street to Open Thursday, May 15

BOSTON, May 14 /PRNewswire-FirstCall/ -- Apple(R) will open its newest retail store on Boylston Street in the heart of Boston's historic Back Bay on Thursday, May 15 at 6:00 p.m. EDT. The Apple Store(R) Boylston Street is Apple's largest store in the US with two floors of Macs, iPhones and iPods for customers to experience hands-on, as well as a top floor dedicated to innovative services including the Genius Bar and personal training through Apple's popular One to One program. The Apple Store Boylston Street also introduces Pro Labs to Boston, offering free, in-depth training on Apple's industry-leading pro applications including Final Cut Pro(R).

"We are thrilled to bring Apple's unique retail experience to Boston," said Ron Johnson, Apple's senior vice president of Retail. "Our Boylston Street store has a fantastic location to serve people where they work, live, study and play, and we think everyone in the Back Bay community will embrace it as their own."

The knowledgeable staff at the Apple Store Boylston Street includes more than 165 highly trained Specialists, Geniuses and Creatives with amazing talent drawn from the local community and Boston's finest universities. This incredible team offers personalized instruction and hands-on experience for customers who want to learn more about everything from getting started with a Mac(R) to making a Hollywood-quality movie. Last quarter Apple retail stores delivered more than 580,000 one-hour personal training sessions through its One to One program.

Every Apple retail store offers customers great ways to get the most out of their Mac, iPod(R) and iPhone(TM), such as free advice at the Genius Bar, popular in-store workshops and special programs for kids. Customers can also book a free appointment with a Personal Shopper to get expert buying advice or help selecting the perfect gift for everyone on their list. The hands-on Apple retail store experience gives customers a chance to test-drive Apple's entire product line including the all-new MacBook Air(TM), the world's thinnest notebook, as well as the revolutionary iPhone and widescreen iPod touch.

Nearly 350 million people on three continents have visited Apple retail stores since they opened in May 2001. Apple now operates 210 stores in five countries including the US, UK, Japan, Canada and Italy.

The Apple Store Boylston Street is located at 815 Boylston Street, convenient to the Prudential Center and Copley Square, the Berklee School of Music and Fenway Park. It joins eight existing Apple retail stores in Massachusetts including popular stores in Cambridge, Chestnut Hill, Burlington and Hingham.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.

(C) 2008 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS, Macintosh, Apple Store, Final Cut Pro, iPod, iPhone and MacBook Air are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Apple Inc.

CONTACT: Amy Barney, abarney@apple.com, +1-408-974-2046, or Amy
Bessette, abessette@apple.com, +1-408-862-8012, both of Apple Inc.

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

President of Panama and Head of Microsoft Research Address Scientific Research Opportunities in Latin America

PANAMA CITY, May 14 /PRNewswire/ --

- Expansion of the programmes is aimed at strengthening region's research community.

Microsoft Research today kicked off its fourth annual Latin American Academic Summit, where the Panamanian President Martin Torrijos Espino welcomed nearly 300 academic, government and industry research leaders from 18 Latin American countries to the City of Knowledge research park. The attendees were brought together by Microsoft Research to discuss how scientific research and development can stimulate social, economic and scientific progress throughout the Latin American region. Rick Rashid, senior vice president of Microsoft Research, delivered the keynote address, and Gonzalo Rivas, chief of the Division of Science and Technology at the Inter-American Development Bank (IDB), provided comments.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)

"We thank Microsoft for having selected Panama to host the Latin American Academic Summit at the City of Knowledge, a complex built atop an ancient military base and dedicated to education, research and innovation, and now home to several companies and international organizations in the new economy," said Martin Torrijos, president of Panama. "This makes evident how this country accepts the challenge of innovation on a global scale, and we invite Microsoft and other corporations to support Panama, Latin America and the Caribbean in narrowing the gap in the creation of knowledge."

During a keynote address, Rashid, who is the head of Microsoft Research's six global research labs, announced the company's second round of funding to the Latin American and Caribbean Collaborative ICT Research Federation (Virtual Institute). This funding of $150,000 (US) will help continue the expansion of research opportunities across the region. Rashid also demonstrated Microsoft Corp's new WorldWide Telescope, an innovative collaborative tool that brings real celestial bodies to a user's desktop. The technology became available yesterday as a free resource to the astronomy and education communities.

"For the last five years, Microsoft Research has invested in increasing the capacity, visibility and quality of Latin American academic research through initiatives such as the Virtual Institute, an internship and fellowship programme, and support to several innovative research projects," Rashid said. "We believe that investing in computing and academic research will deliver much-needed, long-term social and economic benefits to the region."

Joining Microsoft in its support of the Virtual Institute was the IDB, which concluded the morning session by announcing $150,000 (US) in funding for the Virtual Institute, bringing the total to $300,000 (US).

"The Inter-American Development Bank shares Microsoft Research's commitment to address the research capacity across the region," IDB's Rivas said. "We are pleased to announce our contribution of $150,000 to support the Latin American and Caribbean Collaborative ICT Research Federation and other efforts designed to support a collaborative environment to enable cross-country research and education solutions."

Today's announcements and Microsoft Research's annual Latin American research event underscore future trends of computing research and highlight the importance of collaborating with partners in the academic, education and scientific communities to foster digital inclusion, develop economies and support competitiveness in the region through increasing research capacity for faculty and students.

Over the past several years, Microsoft has worked to identify local trends and challenges in technology, and to establish deep relationships with academic and governmental research communities. Since 2002, Microsoft Research has invested approximately $5 million (US) through research grants, technology learning labs, regional research summits, internships and doctorate fellowships, and other regional initiatives. One tangible result of this investment is the Virtual Institute. The company's initial contribution to establish the institute in May 2007 was $1.1 million (US). The IDB and the Organisation of American States were among the original organisations that joined Microsoft Research in this research endeavour, which is designed to stimulate Latin American academic collaborative research in information and communication technologies as an enabler of economic and social development. The institute's administrative hub has been established at Pontificia Universidad Catolica De Chile (PUC-Chile) and Universidad de Chile in Santiago, with spoke universities in Brazil, Argentina, Uruguay, Costa Rica and Mexico. The research federation is interacting with 215 researchers from 29 universities in 11 countries in Latin America. Microsoft Research also continues to support research projects ranging from advancing bioinformatics, genome biology and biotechnology to digital inclusion through mobile and wireless technologies.

Microsoft External Research collaborates with the world's foremost researchers in academia, industry and government to move research in new directions across nearly every field of computer science, engineering and general science.

About Microsoft Research

Founded in 1991, Microsoft Research is dedicated to conducting both basic and applied research in computer science and software engineering. Its goals are to enhance the user experience on computing devices, reduce the cost of writing and maintaining software, and invent novel computing technologies. Researchers focus on more than 55 areas of computing and collaborate with leading academic, government and industry researchers to advance the state of the art in such areas as graphics, speech recognition, user-interface research, natural language processing, programming tools and methodologies, operating systems and networking, and the mathematical sciences. Microsoft Research currently employs more than 800 people in six labs located in Redmond, Washington; Cambridge, Massachusetts; Silicon Valley, California; Cambridge, England; Beijing, China; and Bangalore, India. Microsoft Research collaborates openly with colleges and universities worldwide to enhance the teaching and learning experience, inspire technological innovation, and broadly advance the field of computer science. More information can be found at http://www.research.microsoft.com.

About Microsoft

Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realise their full potential.

About Microsoft EMEA (Europe, Middle East and Africa)

Microsoft has operated in EMEA since 1982. In the region Microsoft employs more than 16,000 people in over 64 subsidiaries, delivering products and services in more than 139 countries and territories.

This material is for informational purposes only. Microsoft Corp disclaims all warranties and conditions with regard to use of the material for other purposes. Microsoft Corp shall not, at any time, be liable for any special, direct, indirect or consequential damages, whether in an action of contract, negligence or other action arising out of or in connection with the use or performance of the material. Nothing herein should be construed as constituting any kind of warranty.

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

Microsoft Corp

Andrea Sommer of Waggener Edstrom Worldwide, +1-503-443-7446, asommer@waggeneredstrom.com, for Microsoft Corp; or EMEA Response Centre for Microsoft Corp, emearesponse@waggeneredstrom.com ; NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages. ; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

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