Companies news

Silicon Valley Bank Provides $9.5 Million in Debt Financing to InnerWireless

SANTA CLARA, Calif., and DALLAS, May 14 /PRNewswire/ -- Silicon Valley Bank, the premier commercial bank nationwide for technology and life science companies of all sizes, has provided $9.5 million in debt financing to InnerWireless(R), Inc., the premier provider of in-building enterprise converged wireless solutions. The company plans to use the financing to fuel its growth and meet increasing market demands. Silicon Valley Bank is a member of SVB Financial Group .

InnerWireless helps businesses from Fortune 500 companies, to health care, to hospitality maximize the power of their wireless investments, regardless of the technology. Horizon(TM) from InnerWireless makes it possible to unify virtually all wireless services onto one comprehensive and specifically engineered platform and guarantee wireless coverage for mission- and life- critical applications. InnerWireless' PanGo(TM) solution is the first unified asset visibility platform to aggregate and synthesize data from a variety of RTLS, RFID and sensor sources and then integrate it with enterprise applications to deliver a cost-optimized, future-proof solution for location-enabling the extended enterprise.

"InnerWireless is in a period of significant growth as demand accelerates from all business segments, especially health care and hospitality where having a guaranteed blanket of in-building wireless coverage to the edge of the facility is mission- and life-critical," said InnerWireless chief financial Officer Chris McCoy. "We are pleased that Silicon Valley Bank is assisting InnerWireless during this period of rapid expansion. InnerWireless has emerged as the leading provider of in-building wireless services because our architecture, engineering and overall approach to customer challenges makes InnerWireless the preferred provider of in-building enterprise wireless services."

"SVB has worked with technology companies like InnerWireless for 25 years," said Travis Wood of the Silicon Valley Bank Dallas office. "We strive to provide them with the creative solutions and diversified financial services they need to reach their business goals. We look forward to being a part of its continued success."

About InnerWireless

InnerWireless enables today's mobile workforce with the ubiquitous in-building delivery of Wireless Wide Area Network and WLAN (Wi-Fi) for voice, data, location and other wireless services -- guaranteed. Designed expressly for mission- and life-critical wireless applications, the Horizon(TM) Converged Wireless solution is ideal for Hospital, Fortune 500 and Hospitality customers where wired performance is expected. IT-friendly features like low OPEX, multi-carrier and AP vendor neutrality make Horizon a practical consideration as well. Businesses wishing to add asset visibility and tracking, can utilize the company's PanGo(TM) a unified asset visibility platform which provides identity, location and condition of key enterprise resources such as assets and people. For more information about InnerWireless, visit http://www.innerwireless.com/.

About Silicon Valley Bank

Silicon Valley Bank is the premier commercial bank for emerging, growth and mature companies in the technology, life science, private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices as well as operations in China, India, Israel and the UK. Silicon Valley Bank is a member of global financial services firm SVB Financial Group, with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at http://www.svb.com/.

SVB Silicon Valley Bank refers to Silicon Valley Bank, the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve.

Silicon Valley Bank

CONTACT: Carrie Merritt of SVB Financial Group, +1-503-574-3705,
cmerritt@svb.com

Web site: http://www.svb.com/
http://www.innerwireless.com/

Edens & Avant Improves Employee Information Access with OracleOracle(R) Secure Enterprise Search Helps Increase Efficiency and Productivity for Operator of Community-Oriented Shopping Centers

REDWOOD SHORES, Calif., May 14 /PRNewswire-FirstCall/ --

-- Edens & Avant, a developer, owner and operator of community-oriented shopping areas throughout the eastern United States, has improved its information management with Oracle(R) Database, Oracle's JD Edwards EnterpriseOne, Oracle Secure Enterprise Search and several components of Oracle Fusion Middleware. -- Because the company's information resided in multiple disparate systems, it was often difficult for Edens & Avant's employees to easily search and find the information they needed to do their jobs effectively. -- BIAS, a Certified Advantage Partner in the Oracle PartnerNetwork, helped Edens & Avant implement and integrate several components of Oracle Fusion Middleware, Oracle Database, Oracle's JD Edwards EnterpriseOne, Oracle Secure Enterprise Search and multiple third-party applications, to create an enterprise-wide portal that consolidates Edens & Avant's business information to make it searchable and accessible for all employees. -- Today, employees no longer have to sign in to multiple systems or hunt through hundreds of paper files to find the information they need to do their jobs. Instead, they sign in to the system once to securely search for critical information regarding each of the company's properties -- from lease documents to vacancy rates to tenant histories to emergency contacts -- as well as relevant industry news from external sources. -- Using Oracle Secure Enterprise Search, Edens & Avant's information is comprehensively searchable with security and access based on organizational roles. For example, the company's human resources executives may receive search results that include confidential employee information that other members of the organization do not see when executing the same search. Supporting Quotes -- "With Oracle Secure Enterprise Search in place, users can easily search for the information they need and get most of the details at a glance. Our users love the system because it eliminates a lot of tedious fact finding and makes it easier for them to do their jobs," said Shani Hall, Manager, Information Platform, Edens & Avant. -- "Like many sophisticated, fast-paced companies, Edens & Avant's business requirements were beginning to outpace its IT infrastructure's ability to support them. Using Oracle to consolidate all of the information at the core of its business into a single, easily accessible system helps Edens & Avant increase productivity immediately, and it also provides a strong, flexible foundation to support future growth," said John Ezzell, Vice President, BIAS. Supporting Resources Analyst Reports Independent Analyst Reports on Oracle Software http://www.oracle.com/corporate/analyst/reports/index.html Podcast Better Enterprise Search http://streaming.oracle.com/ebn/podcasts/omag/619901_Better_Search.mp3 Related Articles Better Enterprise Search http://www.oracle.com/technology/oramag/oracle/08-mar/o28interview2.html Whitepaper Oracle Secure Enterprise Search http://tinyurl.com/3nxz5n About Oracle Secure Enterprise Search http://www.oracle.com/database/secure-enterprise-search.html About Oracle Database http://www.oracle.com/database About Oracle Fusion Middleware http://www.oracle.com/products/middleware/index.html About Oracle Applications http://www.oracle.com/applications/home.html About the Oracle PartnerNetwork http://oraclepartnernetwork.oracle.com/ Download Oracle Software http://www.oracle.com/technology/software/index.html Terms, conditions and restrictions apply. About Oracle

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

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

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CONTACT: Greg Lunsford of Oracle, +1-650-506-6523,
greg.lunsford@oracle.com; or Simon Jones of Blanc & Otus, +1-415-856-5155,
sjones@blancandotus.com, for Oracle

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

ipCapital Group Completes VirnetX IP Licensing EvaluationIn-depth Research Concludes Multi-billion-dollar Market Opportunities In IP Telephony, Mobility, Fixed-mobile Convergence and Unified Communications

SCOTTS VALLEY, Calif. and WILLISTON, Vt., May 14 /PRNewswire-FirstCall/ -- VirnetX Holding Corporation , a leader in secure real-time communications and collaborations technology, and ipCapital Group, one of the nation's leading intellectual property (IP) strategy consulting and licensing firms, today jointly announced the results of ipCapital Group's evaluation of VirnetX's business model, product, technology and patent portfolio. The goal of the evaluation was to determine the potential commercialization value range to potential licensing partners in IP telephony, mobility, fixed-mobile convergence and unified communications markets. By combining VirnetX's business solutions for secure real-time communications with ipCapital Group's IP management expertise, the completion of the evaluation is an important milestone, signaling the launch of VirnetX's licensing program.

In preparing this evaluation, ipCapital Group set out to explore the complete business landscape of VirnetX. The research demonstrated VirnetX's position in the secure real-time communications space related to multiple connections of devices, operating systems, applications and data, using its unique domain name registry business model, and resulted in ipCapital Group gaining an understanding of the primary market drivers. ipCapital Group then conducted an examination of the patents and applications in VirnetX's business landscape. This work was used as a means to understand which companies might be potential partners and what value VirnetX might bring to these potential partners. With the completion of this evaluation, ipCapital is now prepared to discuss commercialization opportunities.

"ipCapital Group's evaluation of VirnetX's patent portfolio highlights the magnitude of these technologies on the industry and how it creates new business opportunities," said John Cronin, managing director and chairman of ipCapital Group. "We believe that we are on a clear path to creating commercialization partnerships and VirnetX's technology is ready to meet evolving customer communications needs across multiple market segments."

Based on ipCapital Group's proprietary ipValue Model, the estimated potential commercialization value range of VirnetX's business model, product, technology and patent portfolio indicates a multi-billion-dollar market opportunity. ipCapital Group's financial modeling process brings together critical market and business drivers with a unique IP perspective. This assessment is imperative in understanding the key value drivers of VirnetX's technology and is used to determine a fair price for commercialization.

"VirnetX is in a unique position to help enhance real-time communications security and make its rich business model, product, technology and patent portfolio readily available to a broader customer base," said Jeff Wilson, principal analyst for network security at Infonetics Research. "The ipCapital and VirnetX partnership removes barriers to adoption and validates the need for secure communications."

"ipCapital Group's evaluation greatly extends our ability to commercialize our intellectual property portfolio," said Kendall Larsen, president and CEO of VirnetX. "Communications vendors throughout the industry are going to benefit from this technology, and this evaluation further demonstrates the technical depth and breadth of the company's IP portfolio."

About VirnetX

VirnetX Holding Corporation, a secure real-time communications and collaboration technology company, is engaged in commercializing its patent portfolio by developing a licensing program, as well as developing software products designed to create a secure environment for real-time communications such as instant messaging and Voice over Internet Protocol. For more information, visit http://www.virnetx.com/.

About ipCapital Group

Since 1998, ipCapital Group (ipCG) has delivered over 450 successful IP engagements to companies in a wide range of industries. Its professional services maximize financial results for clients that seek to develop and execute intellectual property (IP) strategies, strengthen and monetize IP portfolios, and establish and implement Intellectual Asset Management (IAM) practices. ipCG has an interdisciplinary team trained in business, law, marketing, and product development that provides a systematic and comprehensive view of the full lifecycle of IP, from creation to monetization to retirement. For more information, visit http://www.ipcg.com/.

Safe Harbor Agreement

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of VirnetX to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The forward-looking statements contained herein include, without limitation, statements relating to VirnetX's expected results from partnering with ipCapital Group, as well as its anticipated licensing revenues associated with its licensing program under development. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in VirnetX's reports and registration statements filed with the Securities and Exchange Commission.

Press Contacts Sameer Mathur Douglas Roth VirnetX Holding Company ipCapital Group, Inc. 831.438.8200 802.872.3200, ext. 212 sameer_mathur@virnetx.com droth@ipcg.com John C. Tran Jake Lynn The Hoffman Agency Stern + Associates 408.975.3065 908.276.4344, ext. 226 jtran@hoffman.com jake@sternassociates.com Brian Kennedy Allen & Carron 212.691.8087 brian@allencarron.com Investor Contact Rudy Barrio Allen & Carron 212.691.8087 r.barrio@allencarron.com

VirnetX Holding Corporation

CONTACT: Press, Sameer Mathur of VirnetX Holding Company,
+1-831-438-8200, sameer_mathur@virnetx.com; or Douglas Roth of ipCapital
Group, Inc., +1-802-872-3200, ext. 212, droth@ipcg.com; or John C. Tran of
The Hoffman Agency, +1-408-975-3065, jtran@hoffman.com; or Jake Lynn of
Stern + Associates, +1-908-276-4344, ext. 226, jake@sternassociates.com; or
Brian Kennedy of Allen & Carron, +1-212-691-8087, brian@allencarron.com, or
Investors, Rudy Barrio of Allen & Carron, +1-212-691-8087,
r.barrio@allencarron.com

Web site: http://www.virnetx.com/
http://www.ipcg.com/

Salesforce.com Customers Accela, Dexter + Chaney, and Xactly Leverage the Power of Platform-as-a-Service to Successfully Integrate BigMachines With Salesforce via the AppExchangeSoftware companies deploy BigMachines and salesforce.com solutions to dramatically streamline the opportunity-to-quote process, improving operational efficiency and customer service

CHICAGO and SAN FRANCISCO, May 14 /PRNewswire-FirstCall/ -- BigMachines, Inc., a leading provider of web-based configurator, quote, and proposal selling tools, and salesforce.com , the market and technology leader in Software-as-a-Service and Platform-as-a-Service, today announced that salesforce.com customers Accela, Dexter + Chaney, and Xactly have successfully deployed BigMachines for Salesforce via the AppExchange. These three software vendors are now using BigMachines to automate pricing and discounting, generate quotes and proposals, and manage workflow routing and approvals. BigMachines CPP (Configure, Price, Propose) allows companies to dramatically streamline the opportunity-to-quote process, and the seamless integration with Salesforce offers the ability to improve operational efficiency and customer service.

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BigMachines CPP for Salesforce enables users to select products and services, manage prices and discounts, and generate customized proposals in PDF, Word or HTML format. Sales teams of any size can produce quotes quickly and easily, and benefit from comprehensive sales reporting capabilities, including analyses and forecasts across sales channels and customers. The seamless integration with Salesforce enables complex product configurations and pricing rules, and streamlines multiple sales channels into one selling and customer service process. Users also have the ability to update Opportunities in Salesforce with Quote and Product Line Item information for accurate sales reporting.

"With its market-leading suite of on-demand sales performance management applications, Xactly enables companies of all sizes -- from SMBs to large enterprises -- to drive greater sales and business performance," said Karen Steele, vice president of marketing, Xactly Corporation. "Given our core focus on optimizing sales performance, it was a natural decision to select BigMachines to streamline our pricing and proposal process. Our opportunity-to-quote process is more efficient and consistent, and the seamless integration with Salesforce has improved our pricing and quoting process and enhanced the quality of our proposals."

Curt Westberg, Vice President - Sales, Dexter + Chaney, said "Spectrum(TM) Construction Software solves problems for the construction industry, including Electrical, Mechanical, Heavy/Highway, and General contractors. Each customer requires a different combination of modules and services, which means many unique product configurations. Our sales team is now using BigMachines and Salesforce to enable highly customizable quotes to our customers, delivered in less time. This is a great solution for us and a boon for our customers."

"As the leader in on-demand applications that connect people to government services, Accela understands the value of well-designed, easy-to-use products that can be accessed anywhere," said Cici Arabian, Director of Marketing, Accela, Inc. "BigMachines' web-based configuration and quoting software, integrated with Salesforce, enables us to configure and quote products faster and more accurately and improves our overall sales effectiveness."

"BigMachines CPP for Salesforce brings the power of SaaS and PaaS to the customer inquiry-to-order process, giving sales reps and channel partners the power to produce quotes quickly and consistently," said Clarence So, chief marketing officer, salesforce.com. "Our customers can easily deploy BigMachines CPP, via the AppExchange and benefit immediately from the ability to automate pricing and discounting, generate quotes and proposals, and manage workflow routing and approvals from within Salesforce."

"BigMachines is delighted that Accela, Dexter + Chaney, and Xactly are now using our on-demand sales configuration tools, integrated with Salesforce," said Godard Abel, CEO of BigMachines. "More than ever before, software companies in all markets are recognizing the advantages of using BigMachines to offer highly-configurable software solutions to their customers."

Information about the BigMachines CPP and SPP for AppExchange is available at http://www.salesforce.com/appexchange or http://www.bigmachines.com/salesforce.php.

Force.com Platform and the AppExchange

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

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

About BigMachines, Inc. and BigMachines AG

BigMachines is the leading provider of on-demand configurator, quoting, and proposal software, helping companies empower their sales teams and channels. BigMachines Lean Front-End(R) (LFE) solution streamlines selling processes from customer inquiry to order, and captures an organization's tribal knowledge to provide online product selection, configuration, quoting, and ordering capabilities. BigMachines provides extensive reporting capabilities to analyze sales activities and easily integrates to existing ERP, CAD, and CRM systems, including those from Salesforce.com, Oracle and SAP. BigMachines' rapidly growing customer base includes global leaders such as Kodak GCG, Siemens, Ingersoll Rand, NTT Communications, as well as innovative growth companies such as ShoreTel and Aruba Networks. For more information, visit http://www.bigmachines.com/.

About Salesforce.com

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

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

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

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CONTACT: Gordon Evans of salesforce.com, +1-415-536-7608,
gevans@salesforce.com; or Will Wiegler of BigMachines, Inc., +1-847-572-0300,
wwiegler@bigmachines.com

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

Atmel's 400 MHz ARM9-based Embedded Microprocessor Consumes Only 80 mW in Active ModeAT91SAM9G20 offers twice the speed with half the power consumption of pin-compatible AT91SAM9260

ROUSSET, France, May 14 /PRNewswire/ -- Atmel(R) Corporation announced today its 400 MHz AT91SAM9G20 ARM926EJ-S(TM)-based embedded microprocessor that draws only 80 mW in full-power mode with all peripherals turned on. The AT91SAM9G20, pin-compatible with the 200 MHz AT91SAM9260, offers four times the cache and on-chip SRAM memory and features improved error correction for external NAND Flash as well as an enlarged Ethernet FIFO that improves latency. The AT91SAM9G20 is targeted at power-constrained applications that also need high performance. These include point-of-sale terminals, building automation, security cameras and bar code readers.

The AT91SAM9G20 offers the industry's widest choice of operating systems, with support for Microsoft(R) Windows CE(R), .NET MF and Linux(R), as well as a number of real-time operating systems (RTOS) and middleware products from industry-leading third parties including Adeneo(R), IAR(R), Keil(TM), Mentor Graphics(R), Micrium, Segger and TimeSys(R).

Multi-layer AHB, Peripheral DMA and Distributed Memory for Maximum Internal Data Bandwidth. The AT91SAM9G20 fully exploits Atmel's market-leading peripheral DMA (direct memory access) and distributed memory architecture that, together with the 6-layer bus matrix, enables multiple simultaneous data transfers between memories, peripherals and external interfaces without consuming CPU clock cycles. The external bus interface (EBI) is clocked at 133 MHz for high-speed transfers to off-chip memories. This architecture gives the device the high internal and external data bandwidth required by many embedded networked applications.

Networking, Communications and Image Sensing. Networking and communications requirements are met by 12M bps USB Full Speed Dual Host and Device ports, an Ethernet 10/100 Base T MAC, four USARTs, SPI, SSC and Two-Wire Interface (TWI). The image sensing requirements of many of the target applications for the AT91SAM9G20 are met by a fully integrated Image Sensor Interface (ISI).

Advanced Power Management. In addition to halving the power consumption in full-speed operating mode (where the clock frequency is software programmable), the AT91SAM9G20 features four reduced-power modes, including Backup Mode where the main power supply is off and the device power consumption is sufficiently low (9uW) for an extended period of operation under battery supply.

Availability and Pricing. The AT91SAM9G20 is sampling now, packaged in a 217-ball LFBGA RoHS-compliant package. Pricing is US$7 in quantities of 10k. The AT91SAM9260 will continue to be supplied and fully supported as long as demand continues.

About Atmel

Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.

(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and combinations thereof, and others are registered trademarks or trademarks of Atmel Corporation or its subsidiaries. ARM(R) and others are registered trademarks or trademarks of ARM Ltd. Mentor Graphics(R) is a registered trademark of Mentor Graphics. Other terms and product names may be trademarks of others.

Information:

Atmel's AT91SAM9G20 product information may be retrieved at http://www.atmel.com/dyn/products/devices.asp?family_id=605

Press Contacts: Peter Bishop, Communications Manager, Atmel Rousset, Europe Tel: (+33) (0)4 42 53 61 50, Email: peter.bishop@atmel.com Helen Perlegos, Public Relations Tel: (+1) 408 487-2963, Email: hperlegos@atmel.com

Atmel Corporation

CONTACT: Peter Bishop, Communications Manager of Atmel Rousset, Europe,
+33 (0)4 42 53 61 50, peter.bishop@atmel.com; or Helen Perlegos, Public
Relations of Atmel Corporation, +1-408-487-2963, hperlegos@atmel.com

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

Burt Hill Receives Revit BIM Experience Award for Sustainable Design of Major Education, Healthcare and Commercial ProjectsNew Literacy Center in Pennsylvania Demonstrates Value of BIM for Green Building

BOSTON, May 14 /PRNewswire-FirstCall/ -- AIA 2008 National Convention and Design Exposition -- Autodesk, Inc. today announced that Burt Hill, an architecture, engineering and design firm, has been selected to receive a Revit BIM Experience Award. At an Autodesk customer appreciation event to be held this evening, the firm will be honored for its successful use of the Revit platform for building information modeling (BIM) to design buildings that have earned Leadership in Energy and Environmental Design (LEED) ratings from the U.S. Green Building Council (USGBC). The Revit BIM Experience Award is presented to commercial firms, educational institutions and individuals for innovation and excellence in implementing the Autodesk Revit platform (which includes Revit Architecture, Revit Structure and Revit MEP software applications) on one or more projects.

"The Revit platform for BIM has made it possible for us to achieve complete design integration and model-based analysis, both of which are crucial requirements for performance-based design," said Mark Dietrick, director of research for Burt Hill. "We are using the information-rich digital model created with Revit Architecture in combination with sustainability analysis tools very early in the schematic design phase to evaluate specific aspects of a green design. This allows us to balance requirements for building energy performance against cost, schedule, and experiential aspects of the design."

Burt Hill's services include architecture, engineering and master planning. With more than 1,000 professionals operating from 10 locations in the US and offices in Abu Dhabi, Dubai and India, Burt Hill offers clients expertise in sustainable design, energy management and technology integration. The firm has a longstanding history of commitment to sustainable design and was the first architecture/engineering firm to join the USGBC. Some of the firm's notable projects include the 26-acre Canal Point Master Plan, Dubai, UAE; the Biomedical Science Tower, Pittsburgh, PA; and the Advanced Technology and Learning Center for the Cincinnati State Technical and Community College. Autodesk BIM solutions used by the firm include Revit Architecture, Revit Structure, Revit MEP, Autodesk NavisWorks and AutoCAD Civil 3D.

BIM is an integrated workflow built on coordinated, reliable information about a project from design through construction and into operations. By adopting BIM, architects, engineers, contractors and owners can easily create coordinated, digital design information and documentation; use that information to more accurately visualize, simulate, and analyze performance, appearance and cost; and reliably deliver the project faster, more economically and with reduced environmental impact. Case Technologies provided training services to help Burt Hill with its transition to BIM.

BIM Used for LEED Certified School District Project

Burt Hill is currently designing a new Literacy Center in Springfield, Penn. Located on a wooded hillside, the 50,000 square-foot facility is scheduled to open April 2010 and includes two wings designed to wrap around a mature grove of oak trees. A single-story wing will house classrooms and an art center, and a three-story wing will include further classrooms, a library, offices, and spaces for special education and multipurpose activities.

In addition to the demanding budget and schedule constraints that typify school building projects, the plan for the Literacy Center required that it achieve a LEED certification. The Burt Hill team leveraged Revit Architecture and Integrated Environmental Solutions (IES) Virtual Environment tools to analyze the project model. The results were used to determine the optimal size, orientation, location, and glazing of the windows to provide effective daylight levels, reduce glare and maintain comfortable temperatures with as much energy efficiency as possible.

"Burt Hill is one of the earliest adopters of BIM and Revit Architecture, and we're particularly pleased to present them with this award," said Jay Bhatt, senior vice president, Autodesk AEC Solutions. "Burt Hill's use of the Revit platform to create green building projects means that they can analyze and optimize building performance early in the design phase, which underscores the value of BIM for sustainable design."

About the Revit BIM Experience Award

The Revit BIM Experience Award celebrates building industry professionals and educators around the world who are helping to drive transformation of the building industry through building information modeling. Autodesk honors firms with this award for innovation and excellence in implementing the Autodesk Revit platform (including Revit Architecture, Revit Structure and Revit MEP software applications) for building information modeling on one or more projects.

About Autodesk

Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.

Autodesk, AutoCAD, Civil 3D, NavisWorks and Revit are registered trademarks or trademarks of Autodesk, Inc., in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

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CONTACT: Noah Cole of Autodesk, +1-503-707-3872, noah.cole@autodesk.com

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

SAIC Appoints Grumski and Wagoner to Key PositionsSenior Executives Named Business Unit General Managers

SAN DIEGO and MCLEAN, Va., May 14 /PRNewswire-FirstCall/ -- Science Applications International Corporation announced today that J.T. Grumski and Doug Wagoner have been appointed as business unit general managers.

Grumski will lead SAIC's Energy, Environment and Infrastructure Business Unit (E2IBU), effective June 16. The E2IBU provides environmental, energy, infrastructure and engineering services to the Departments of Defense and Energy, the Environmental Protection Agency and other federal government and commercial clients.

Grumski currently serves as president of SAIC's wholly-owned subsidiary, The Benham Companies LLC, and will retain this position in his new role. He joined SAIC in 1997 and will report to Joe Craver, president of SAIC's Infrastructure, Logistics and Product Solutions Group.

"J.T. has been a key contributor to the strategy, development and growth of this business unit and will be supported by an excellent management team," said Craver.

Wagoner will lead SAIC's Enterprise Solutions Business Unit (ESBU), effective immediately. ESBU delivers technology and business solutions to customers across a diverse client base, including the Department of Homeland Security, the Department of the Treasury and NASA. He has served as the deputy business unit general manager since joining SAIC in 2007. Wagoner previously held chief operating officer and senior executive positions at Data Systems Analysts, ChoicePoint and EDS. He will report to Charles Koontz, president of SAIC's Information Technology and Network Solutions Group.

"Doug is an active and well respected member of the government technology community," said Koontz. "He has an outstanding track record of managing organizations, and I anticipate he will deliver exceptional service to our customers and leadership to our employees."

For photos of Grumski and Wagoner, visit http://www.saic.com/news/images/wagoner.jpg and http://www.saic.com/news/images/grumski.jpg .

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/

Xilinx Helps Designers Meet High-Speed Connectivity Requirements With High-Performance Configuration and Storage Solution for Virtex-5 FPGAsNext-Generation Platform Flash XL Memory Devices and Development Tools Enable 3X Performance Improvement and Greater Ease-of-Use

SAN JOSE, Calif., May 14 /PRNewswire/ -- Xilinx, Inc. today announced a flash-based configuration and storage solution for the Virtex(R)-5 family that delivers new levels of configuration performance for meeting today's high-speed connectivity requirements. The solution includes a new 128Mb Platform Flash XL configuration and storage device, a next generation Platform Cable USB II development tool, and the Xilinx(R) Virtex(R)-5 FPGA PCIe(R) 1.x and 2.0 Embedded Processor Board. The Platform Flash XL solution delivers the industry's highest throughput and lowest device count for high-performance PCI Express(R) connectivity applications used in optical and enterprise networking, WiMAX digital front-end and baseband processing, video broadcast equipment, and medical ultrasound and scanners.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO)

"The high performance of the new 128Mb Platform Flash XL device enables the largest Xilinx FPGAs to meet the stringent PCI Express configuration requirements," said Brian Daellenbach, president of Northwest Logic. "It is a great complement to the high-performance Northwest Logic PCI Express 1.0 and 2.0 solutions for Virtex-5 FPGAs. This robust combination will provide peace-of-mind to our customers when designing FPGA-based PCI Express applications for open systems."

High-Density Configuration and Storage Device

The non-volatile Platform Flash XL offering extends the density of Xilinx configuration memory from 32Mb to 128Mb with devices that operate at 50 MHz synchronous with a wide, 16-bit parallel data bus. Platform Flash XL configuration is more than three times faster than third-party asynchronous parallel flash memory offerings. When combined with the Virtex-5 family's PCI Express Endpoint blocks, this new solution facilitates configuration before PCIe link activation in the widely-used ATX (Advanced Technology Extended) power supply-based compute systems to ensure interoperability with a broad range of applications.

With the exclusive Xilinx built-in power-up sequencing capabilities, multi-boot and fallback features, as well as comprehensive reference design support, the Platform Flash XL is the easiest to use configuration solution for Virtex-5 FPGAs. Designers can also use the solution for many non-configuration applications by using a standard CFI interface to access the Platform Flash XL's flash memory bits. This means unused memory capacity within the 128Mb device can be made available for FPGA bitstream revision updates, user data storage, or embedded processor code shadowing applications.

"Virtex-5 FPGAs are seeing tremendous success in a wide range of applications including wired and wireless communication, defense systems, high performance computing, industrial and medical imaging systems," said Mustafa Veziroglu, vice president of Product and Solutions Management at Xilinx. "With the introduction of the Platform Flash XL non-volatile configuration and storage solution, Xilinx is further enabling high performance and ease-of-use for our customers' most demanding system requirements."

High-Performance Configuration and Programming Cable

The Platform Cable USB II is the company's second-generation Pb-free (RoHS compliant) USB download cable for use with all Xilinx devices. It features innovative FPGA-based acceleration firmware, new protection circuitry, and enhanced signal integrity for fast, reliable, and user-friendly configuration and programming. These capabilities support the unique high performance requirements of Virtex-5 FPGA and Platform Flash XL-based designs. The Platform Cable USB II is also a cost-effective tool for debugging embedded software and firmware when used with the Xilinx embedded development kits and ChipScope(TM) Pro analyzer. The Platform Cable USB II is backwards compatible with the Xilinx Platform Cable USB and supports USB full speed (USB 1.1) and hi-speed (USB 2.0) ports.

Flexible Reference Design and Development Board

The Xilinx Virtex-5 FPGA PCIe 1.x and 2.0 Embedded Processor Development Board is a highly flexible platform for developing and validating Virtex-5 FPGA-based embedded processing applications with high-speed serial connectivity and next-generation memory interfaces. Powered by the Xilinx Virtex-5 FX70T FPGA and 128Mb Platform Flash XL configuration and storage device, this new development board is designed to support x4 PCI Express 1.x and 2.0 specifications, DDR-3 (component), DDR-2 (SO-DIMM), data-rate-adjustable RocketIO(TM) GTP/GTX transceivers (with super clock), and single-ended and LVDS connections. The on-board super clock provides different reference clocks across eight RocketIO GTX transceivers, thereby providing an ideal development vehicle for any serial IO-based application.

Pricing and Availability

Xilinx Platform Flash XL configuration devices are available for ordering today in high volume quantities. Detailed pricing information is available through Xilinx sales offices and distributors. All devices are rated for both commercial and industrial temperature ranges, and available in both standard and Pb-Free packages. For more information about Xilinx Platform Flash XL configuration and storage devices, visit: http://www.xilinx.com/products/silicon_solutions/proms/pfxl

Platform Cable USB II is available immediately as an upgrade to Platform Cable USB and priced at US$225. Detailed specifications and features can be reviewed and downloaded at http://www.xilinx.com/products/devkits/HW-USB-II-G.htm.

The Xilinx Virtex-5 PCIe 1.x and 2.0 Embedded Processor Development Board will be available for ordering on May 19, 2008 and priced at US$1,695. For more information visit http://www.xilinx.com/products/devkits/HW-V5-PCIE2-UNI-G.htm

About Xilinx

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

XILINX, the Xilinx Logo, Virtex, Spartan, ISE and other designated brands included herein are trademarks of Xilinx in the United States and other countries. PCI Express and PCIe are trademarks of PCI-SIG and used under license. All other trademarks are the property of their respective owners. #0855p

Editorial Contact: Bruce Fienberg Xilinx, Inc. (408) 879-4631 bruce.fienberg@xilinx.com

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

CONTACT: Bruce Fienberg of Xilinx, Inc., +1-408-879-4631,
bruce.fienberg@xilinx.com

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

Global Sources to Donate up to RMB 1 Million for China Earthquake Relief

Team Members Ready to Volunteer for Aid Programs, Company Actively Looking at Ways to Help Communities Rebuild

HONG KONG, May 14 /Xinhua-PRNewswire-FirstCall/ -- Global Sources and its team members will donate up to RMB 1 million to aid those affected by the massive earthquake in southwestern China on May 12. Team members have also offered to volunteer for relief efforts in the region and the company is exploring ways to help communities rebuild hospitals and schools.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )

Global Sources Chairman and CEO, Merle A. Hinrichs, said: "With over two- thirds of our team members living and working in mainland China, this tragedy hits close to home for our team members in China and around the world.

"We have confirmed that all team members in the region are safe and have now turned our focus helping those affected by this tragedy."

The company will donate RMB 500,000 to relief agencies working in the region. In addition, it will match contributions from team members of up to RMB 250,000, for a total donation of up to RMB 1,000,000.

Global Sources has been facilitating trade between Greater China and the world for over 37 years and has had a presence in mainland China for the past 27 years. Today, the company has over 2,100 team members in 44 locations in mainland China alone. Through education, charity and volunteerism, Global Sources has a long history of supporting people in need across Asia, with the core philosophy of giving back to the communities where it does business. More information about the company's charitable efforts is available at http://www.corporate.globalsources.com/CR/HOME.HTM .

About Global Sources

Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.

The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 700,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2.6 million products and more than 195,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.

Suppliers receive more than 32 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com/ ) alone.

Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.

Global Sources Press Contact in Asia: Camellia So Tel: +852-2555-5021 e-mail: cso@globalsources.com Global Sources Press Contact in U.S.: James W.W. Strachan Tel: +1-480-664-8309 e-mail: strachan@globalsources.com Global Sources Investor Contact in Asia: Investor Relations Department Tel: +852-2555-4777 e-mail: investor@globalsources.com Global Sources Investor Contact in U.S.: Christiane Pelz & Kirsten Chapman Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 e-mail: investor@globalsources.com

Photo: Newscom: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b
PR Newswire Photo Desk, photodesk@prnewswire.com Global Sources

CONTACT: Press contact in Asia: Camellia So, +852-2555-5021,
cso@globalsources.com; Press contact in U.S.: James W.W. Strachan,
+1-480-664-8309, strachan@globalsources.com, both of Global Sources; Investor
contact in Asia: IR Department of Global Sources, +852-2555-4777,
investor@globalsources.com; Investor Contact in U.S.: Christiane Pelz or
Kirsten Chapman, both of Lippert-Heilshorn & Associates, Inc.,
+1-415-433-3777, investor@globalsources.com, for Global Sources

Web site: http://www.corporate.globalsources.com/CR/HOME.HTM
http://www.globalsources.com/

Eduardo Cachucho Wins 2008 Nokia Mobile Filmmaking AwardsPangea Day Broadcast Shows Five Finalists

ESPOO, Finland and NEW YORK, May 14 /PRNewswire-FirstCall/ -- When Eduardo Cachucho, a 23 year old architecture student, entered the 2008 Nokia Mobile Filmmaking Awards, he had no idea his film would be seen by millions of people around the world. Cachucho shot the winning mobile short film "The Game" in his home base in South Africa.

"It was a huge surprise for me to win this awards. I couldn't believe it was me when the winner was announced at the broadcast, " says Cachucho. "With my film, I wanted to tell the world that children are children everywhere, no matter where they live, what their race is, or whether they are rich or poor. Children are the same all over and want to have fun and play."

Enthusiastic filmmakers entered the 2008 Nokia Mobile Filmmaking awards through the Pangea Day Channel on Share on Ovi, a free media sharing service that makes it easy to upload, manage and share personal media through mobile, desktop and other connected devices. Nokia received more than 600 submissions from around the world.

"Its incredible to see the creativity, beauty and hardships people capture when filmmaking is opened up and shared with the world," says Jehane Noujaim, award-winning documentary filmmaker and judge.

The Pangea Day broadcast on May 10 featured 24 short films along with internationally-known guest speakers and musicians, including Queen Noor of Jordan, Christiane Amanpour, Dave Stewart and Hypernova. Highlights from the event are featured on http://www.ovi.com/pangeaday. The live four-hour Pangea Day broadcast from six locations around the world was viewed by more than 1,600 "Friends of Pangea Day" events globally. Everyone who tuned in was encouraged to share photos and videos during and after the event at http://www.ovi.com/pangeaday.

Pangea Day was created by award-winning documentary filmmaker Jehane Noujaim after winning the prestigious 2006 TED Prize. Together, Noujaim and TED, with support from Nokia, have created Pangea Day to connect people by harnessing the power of film and encouraging people to view the world through someone else's eyes.

More information on the Pangea Day event and the 2008 Nokia Mobile Filmmaking Awards is available at http://www.ovi.com/pangeaday.

Press materials are available at http://www.nokia.com/press/pangeaday. About Nokia

Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.

About Pangea Day

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

http://www.nokia.com/

Nokia Corporation

CONTACT: Media Enquiries: Nokia, Communications, Tel. +358-7180-34435,
Tel. +358-7180-34900, Email: press.services@nokia.com; Pangea Day, Laura
Galloway, Galloway Media Group, Tel. +1-212-260-3708, Email:
laura@gallowaymediagroup.com

Investools' Operating Metrics for April 2008

NEW YORK, May 14 /PRNewswire-FirstCall/ -- Investools Inc. , a leading provider of brokerage services and investor education, announced performance metrics for April 2008. Records were established for new accounts opened, new funded accounts and client assets, substantiating the Company's strategic emphasis on brokerage services as its core business. The Company recently announced its decision to adopt thinkorswim Group Inc. as its corporate identity, repositioning investor education as a customer acquisition model designed to accelerate the more profitable growth in its brokerage services business.

"thinkorswim's April results set new records in account openings, funded accounts and client assets demonstrating the strong appeal of our technology and customer service model to the retail options trader," said Lee K. Barba, Chairman and CEO of Investools Inc. "We continue to integrate our investor education content with our trading platforms to support the outstanding performance of thinkorswim while making the changes to our cost structure that align our priorities with the interests of long-term investors."

thinkorswim, Inc. -- New accounts opened* of 10,050. Total accounts opened* of 159,025; 123% higher than April 2007 -- New funded accounts of 4,700; 33% higher than April 2007 -- Funded accounts of 71,175 at month-end; 114% higher than April 2007 -- Retail DARTs of 48,400; 162% higher than April 2007 -- Active Trader DARTs of 46,400; 110% higher than April 2007 -- Client assets of $2.88 billion at month-end; 88% higher than April 2007 Investor Education Group -- Total paid graduates of 3,860, compared to 3,350 in April 2007 -- Active subscribers at month-end of 105,700, compared to 91,000 in April 2007 * accounts opened represents accounts that have initiated the application process with the intent to fund.

The number of new accounts opened, new funded accounts and total paid graduates were in excess of the preliminary April metrics cited on the Company's first quarter earnings call.

About Investools

Investools Inc. offers market-leading online brokerage, investor education and related financial products and services for self-directed investors and active traders. thinkorswim Inc., our industry-leading online brokerage division and financial technology pioneer, provides a suite of trading platforms to active, self-directed traders, high-net worth individuals, beginning investors, and institutional traders and money managers. thinkorswim customers trade a broad range of products including stock and stock options, index options, futures and futures options, forex, mutual funds and fixed income. thinkorswim platforms have easy-to-use interfaces, sophisticated analytical and research tools, and fast and efficient order execution for even the most complex trading strategies. Investools' Education Group offers a full range of investor education products and services that provide lifelong learning in a variety of interactive delivery formats, including instructor- led synchronous and asynchronous online courses, in-person workshops, online coaching programs and telephone, live-chat and email support. Investools' graduates can then apply what they've learned by trading with thinkorswim's online brokerage platforms.

Safe Harbor

This press release may contain forward-looking statements. Such forward- looking statements may be identified by words such as "believe," "intend," "expect," "may," "could," "would," "will," "should," "plan," or similar statements. All forward-looking statements are based largely on current expectations, beliefs and assumptions concerning future events that are subject to substantial risks and uncertainties. These risks and uncertainties include, but are not limited to: general changes in economic conditions and changes in conditions affecting the financial services industry specifically, regulatory developments that affect the way we market or sell our products and services, our inability to protect our proprietary technology, our ability to sell existing products and services in both new and existing markets, and other factors which are more fully described in Investools filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, actual results may vary in material aspects from those currently anticipated. The forward-looking statements made in this press release relate only to events as of the date of this release. We undertake no ongoing obligation to update these statements.

Investor Contact: Ida Kane, SVP and CFO 801.816.6918 ida.kane@investools.com Frank Milano 203.682.8343 frank.milano@icrinc.com Media Contact: Fran Del Valle 212.717.5499 frances.delvalle@influencecentral.com

Investools Inc.

CONTACT: Investors, Ida Kane, SVP and CFO, Investools Inc.,
+1-801-816-6918, ida.kane@investools.com; Frank Milano, +1-203-682-8343,
frank.milano@icrinc.com, for Investools Inc.; Media, Fran Del Valle,
+1-212-717-5499, frances.delvalle@influencecentral.com, for Investools Inc.

WABCO Expands Global Capabilities in India; Opens Two New Manufacturing Facilities; Extends Software Center

BRUSSELS, Belgium, May 14 /PRNewswire-FirstCall/ -- WABCO Holdings Inc. today announced the inauguration of two manufacturing facilities located in India and the extension of an existing software design center that are owned by WABCO-TVS (India) Ltd., an affiliate of WABCO and its joint venture partner, a member of the TVS Group.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080514/NYW022 )

Currently manufacturing crankshafts, crankcases and vacuum pumps, one of the new facilities is located in Mahindra World City (MWC), in the southern outskirts of Chennai, one of India's first special economic zones. Recently, the foundation stone for the second phase extension of the Mahindra manufacturing facility was laid by Jacques Esculier, WABCO Chief Executive Officer, at a ceremony attended by H. Lakshmanan, Executive Director, Sundaram-Clayton Ltd. (a TVS Group company) and other senior executives of WABCO and WABCO-TVS (India) Ltd. This extension will double capacity at the Mahindra facility, which is dedicated to exporting products and serving WABCO customers worldwide.

Another new facility, located in Jamshedpur, supplies the production lines of Tata Motors by manufacturing brake chambers, spring brake actuators and other braking aggregate parts. The newest WABCO-TVS factories presently employ approximately 150 people.

Situated at Tidel Park in Chennai, India's largest information technology park, the WABCO Software Design Center has completed its expansion program, doubling its capacity and upgrading its technology platform. This expansion will support the center's expected innovation and growth of engineering capabilities. Currently, approximately 85 engineers develop embedded software for automotive applications in electronic braking, stability, transmission and climate control.

Recently, the WABCO-TVS-owned, brake-manufacturing facility in Ambattur, Chennai received the prestigious Total Productive Maintenance (TPM) Excellence Award from the Japan Institute of Plant Maintenance. Combining operations and maintenance, the TPM approach creates a production environment that performs at world-beating levels of efficiency and quality.

"Innovation and manufacturing excellence will continue to contribute strongly to our business growth in India and across Asia," said Jacques Esculier, WABCO Chief Executive Officer. "By expanding engineering and production capabilities in India, we can continually improve the supply chain and better serve customers locally as well as globally. We expect our newest factories in India to join the same world-class TPM excellence league as our brakes factory in Ambattur."

About WABCO

WABCO Vehicle Control Systems is one of the world's leading providers of electronic braking, stability, suspension and transmission automation systems for heavy duty commercial vehicles. Customers include the world's leading commercial truck, trailer, and bus manufacturers. Founded in the U.S. in 1869 as Westinghouse Air Brake Company, WABCO was acquired by American Standard in 1968 and spun off in 2007. Headquartered in Brussels, Belgium, WABCO employs more than 7,700 people in 31 countries worldwide. In 2007, WABCO's total sales were $2.4 billion. WABCO is a publicly traded company and is listed on the New York Stock Exchange with the stock symbol WBC. Website: http://www.wabco-auto.com/

About the TVS Group

The TVS Group, one of India's most respected business conglomerates, is a leading supplier to the automotive sector. Founded in 1911 as a transport company, it aligned business opportunities with steady growth, expansion and diversification. Today the Group comprises over 30 operating companies with strong presence in manufacturing Motorcycles, Scooters, Automotive Components, Automotive Dealerships, Logistics, Finance, Insurance and Electronics. These diverse business entities have taken the Group's presence across the globe and employ more than 40,000 people. http://www.tvsiyengar.com/.

Media, investors and financial analysts contact Mike Thompson, +32 (2) 663 9854, mike.thompson@wabco-auto.com Jason Campbell, +1 732 369 7477, jason.campbell@wabco-auto.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080514/NYW022
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN2
PRN Photo Desk, photodesk@prnewswire.com WABCO Holdings Inc.

CONTACT: Media, investors, financial analysts, Mike Thompson,
+32-2-663-9854, mike.thompson@wabco-auto.com, or Jason Campbell,
+1-732-369-7477, jason.campbell@wabco-auto.com, both of WABCO Holdings Inc.

Web site: http://www.wabco-auto.com/
http://www.tvsiyengar.com/

Dana Holding Corporation Reports First-Quarter 2008 Results

TOLEDO, Ohio, May 14 /PRNewswire-FirstCall/ -- Dana Holding Corporation has announced its first-quarter 2008 results. As a result of its January 31 emergence from Chapter 11 reorganization, Dana's first-quarter financial statements include two months presented under the provisions of "fresh start" accounting required for companies emerging from reorganization.

(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) First-Quarter Profits Improved

Dana delivered improved profitability in the first quarter of 2008 versus the same period one year ago, highlighted by:

-- Net sales of $2,312 million, an increase of approximately 8 percent compared to 2007, primarily because of currency effects. -- Net income of $685 million, including a one-time gain of $754 million after taxes, reflecting effects of emergence and adoption of fresh start accounting. This compares to a net loss of $92 million in the first quarter of 2007. -- Earnings before interest, taxes, depreciation, amortization, and restructuring (EBITDA) of $148 million, compared with $90 million in 2007. This reflects improved pricing and lower costs. -- Strong liquidity of $1.6 billion at March 31, 2008.

"We are making progress in our turnaround effort despite a tough environment," said Executive Chairman John Devine. "As discussed earlier this year, we have much more to do and remain focused on our top priorities. With a new management team coming together, a strong balance sheet, and a clear sense of urgency, we are committed to repositioning Dana for a strong future."

Added Chief Executive Officer Gary Convis, "As we pursue improved financial performance, we are taking aggressive actions to enhance our operational excellence. Chief among these are the establishment of shared, targeted metrics across all of our businesses; the implementation of the Dana Operating System, a coordinated approach to drive continuous improvement throughout our operations; and the review of our global manufacturing footprint to ensure that we are producing the right products in the right places to best serve the needs of our customers."

Business Segment Highlights

First-quarter EBITDA for Dana's Automotive Systems Group (ASG) totaled $109 million, compared to $72 million in 2007. Sales increased $106 million compared to 2007. Each of the ASG businesses was adversely impacted by the effects of lower North American volume, including the effects of a labor disruption at a major automotive parts supplier. Offsetting the weakness in the North American markets were stronger production levels elsewhere in the world, currency, and benefits from customer pricing actions.

EBITDA for Dana's Heavy Vehicle Systems Group (HVSG) totaled $60 million for the first quarter of 2008, compared to $56 million last year. The group's Commercial Vehicle segment reported a sales decline of 10 percent, primarily because of lower North American production following the buying surge in advance of 2007 emission regulations. The Off-Highway Products segment reported a $95 million increase in sales compared to the first quarter of 2007. Off-Highway sales benefited from increased production, new programs, and currency.

Unprecedented Steel Costs Contribute to Challenging Environment

In addition to vehicle production declines in several North American sectors, Dana's results are being significantly impacted by steel costs. Dana purchases approximately 1.5 million tons of steel and products with significant steel content annually. Average prices for scrap and hot-rolled steel increased by approximately 30 percent during the first quarter of 2008, and prices have continued to climb. While the company has taken certain available measures to mitigate these costs, at average scrap steel prices of $525 per ton for 2008, Dana could experience an adverse impact of $70 million to $100 million on the annual cost of its steel and steel-based products.

Dana to Host First-Quarter Conference Call at 10 a.m. Today

Dana will discuss its first-quarter results in a conference call at 10 a.m. EDT today. Participants may listen to the audio portion of the conference call either through audio streaming online or by telephone. Slide viewing is only available online via a link provided on the Dana Investor Web site. To dial into the conference call, domestic locations should call 1-888-311-4590 (Conference I.D. # 46202470). International locations should call 1-706-758-0054 (Conference I.D. # 46202470). Please ask for the Dana Holding Corporation Financial Webcast and Conference Call. Phone registration will be available beginning at 9:30 a.m. An audio recording of the call will be available after 5 p.m. To access this recording, please dial 1-800-642-1687 (U.S. or Canada) or 1-706-645-9291 (international) and enter the conference I.D. number 46202470. A webcast replay will also be available after 5 p.m. today, and may be accessed via the Dana Investor Web site.

Non-GAAP Measures

In connection with Dana's emergence from bankruptcy on January 31, 2008 and the application of fresh start accounting in accordance with the provisions of the American Institute of Certified Public Accountants' Statement of Position 90-7, the post-emergence results of the successor company for the two months ended March 31, 2008 and the pre-emergence results of the predecessor company for the one month ended January 31, 2008 are presented separately as successor and predecessor results in the financial statements presented in accordance with generally accepted accounting principles (GAAP). This presentation is required by GAAP as the successor company is considered to be a new entity, and the results of the new entity reflect the application of fresh start accounting. For the readers' convenience and interest in this earnings release, we have combined the separate successor and predecessor periods to derive combined results for the three months ended March 31, 2008. The financial information accompanying this release provides the separate successor and predecessor GAAP results for the applicable periods, along with the combined results described above for the first quarter of 2008.

This release refers to EBITDA, which we've defined to be earnings before interest, taxes, depreciation, amortization and restructuring. EBITDA is a non-GAAP financial measure, and the measure currently being used by Dana as the primary measure of its reportable operating segment performance. EBITDA was selected as the primary measure for operating segment performance as well as a relevant measure of Dana's overall performance given the enhanced comparability and usefulness after application of fresh start accounting. The most significant impact to Dana's ongoing results of operations as a result of applying fresh start accounting is higher depreciation and amortization. By using EBITDA, which is a performance measure that excludes depreciation and amortization, the comparability of results is enhanced. Management also believes that EBITDA is an important measure since the financial covenants of our primary debt agreements are EBITDA-based, and our management incentive performance programs are based, in part, on EBITDA. Because it is a non-GAAP measure, EBITDA should not be considered a substitute for net income or other reported results prepared in accordance with GAAP. The financial information accompanying this release provides a reconciliation of EBITDA for the periods presented to the reported income (loss) from continuing operations before income taxes, which is a GAAP measure.

Forward-Looking Statements

Certain statements and projections contained in this news release are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Dana's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss important risk factors that could affect our business, results of operations and financial condition. The forward-looking statements in this news release speak only as of this date. Dana does not undertake any obligation to revise or update publicly any forward-looking statement for any reason.

About Dana Holding Corporation

Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off- highway markets, which collectively produce more than 70 million vehicles annually. Based in Toledo, Ohio, the company's operations employ approximately 35,000 people in 26 countries and reported 2007 sales of $8.7 billion. For more information, please visit: http://www.dana.com/.

DANA HOLDING CORPORATION Consolidated Statement of Operations For the Quarters Ended March 31, 2008 and 2007 (Unaudited) Three Months Ended March 31, 2008 Period from Prior Dana Combined Prior Dana February 1 January 1 January 1 Three Months through through through Ended March 31, January 31, March 31, March 31, 2008 2008 2008 (1) 2007 Net sales $1,561 $751 $2,312 $2,145 Costs and expenses Cost of sales 1,477 702 2,179 2,043 Selling, general and administrative expenses 65 34 99 96 Amortization of intangibles 12 12 Realignment charges, net 5 12 17 19 Other income, net 32 8 40 46 Income from continuing operations before interest, reorganization items and income taxes 34 11 45 33 Interest expense (contractual interest of $17 for the one month ended January 31, 2008 and $36 for the three months ended March 31, 2007) 27 8 35 23 Reorganization items, net 9 98 107 37 Fresh start accounting adjustments 1,009 1,009 Income (loss) from continuing operations before income taxes (2) 914 912 (27) Income tax expense (20) (199) (219) (15) Minority interests (2) (2) (4) (2) Equity in earnings of affiliates 1 2 3 8 Income (loss) from continuing operations (23) 715 692 (36) Loss from discontinued operations (1) (6) (7) (56) Net income (loss) (24) 709 685 (92) Preferred stock dividend requirements 5 5 Net income (loss) available to common stockholders $(29) $709 $680 $(92) Net income (loss) from continuing operations: Basic $(0.28) $4.77 $(0.24) Diluted $(0.28) $4.75 $(0.24) Net loss from discontinued operations: Basic $(0.01) $(0.04) $(0.37) Diluted $(0.01) $(0.04) $(0.37) Net income (loss) available to common stockholders: Basic $(0.29) $4.73 $(0.61) Diluted $(0.29) $4.71 $(0.61) Average common shares outstanding - Basic 100 150 150 Average common shares outstanding - Diluted 160 150 150 (1) See pages two and three of the press release for comments regarding the presentation of combined information for the three months ended March 31, 2008. DANA HOLDING CORPORATION Consolidated Balance Sheet At March 31, 2008 and December 31, 2007 (Unaudited) Dana Prior Dana March 31, December 31, Assets 2008 2007 Current assets Cash and cash equivalents $1,283 $1,271 Restricted cash 93 Accounts receivable Trade, less allowance for doubtful accounts of $23 in 2008 and $20 in 2007 1,444 1,197 Other 364 295 Inventories Raw materials 383 331 Work in process and finished goods 634 481 Assets of discontinued operations 24 Other current assets 123 100 Total current assets 4,231 3,792 Goodwill 310 349 Intangibles 678 1 Investments and other assets 252 348 Investments in affiliates 183 172 Property, plant and equipment, net 2,049 1,763 Total assets $7,703 $6,425 Liabilities and stockholders' equity (deficit) Current liabilities Notes payable, including current portion of long-term debt $127 $283 Debtor-in-possession financing 900 Accounts payable 1,214 1,072 Accrued payroll and employee benefits 268 258 Liabilities of discontinued operations 9 Taxes on income 142 12 Other accrued liabilities 555 418 Total current liabilities 2,306 2,952 Liabilities subject to compromise 3,511 Deferred employee benefits and other non-current liabilities 907 630 Long-term debt 1,321 19 Minority interest in consolidated subsidiaries 115 95 Commitments and contingencies (Note 16) Total liabilities 4,649 7,207 Preferred stock, 50,000,000 shares authorized Series A, $0.01 par value, 2,500,000 issued and outstanding 242 Series B, $0.01 par value, 5,400,000 issued and outstanding 529 Common stock, $.01 par value, 450,000,000 authorized, 97,971,791 issued and outstanding 1 Prior Dana common stock, $1.00 par value, 350,000,000 authorized, 150,245,250 issued and outstanding 150 Additional paid-in-capital 2,267 202 Retained earnings (deficit) (29) (468) Accumulated other comprehensive income (loss) 44 (666) Total stockholders' equity (deficit) 3,054 (782) Total liabilities and stockholders' equity (deficit) $7,703 $6,425 DANA HOLDING CORPORATION Consolidated Statement of Cash Flows For the Quarters ended March 31, 2008 and 2007 (Unaudited) Three Months Ended March 31, 2008 Period from Prior Dana Combined Prior Dana February 1 January 1 January 1 Three Months through through through Ended March 31, January 31, March 31, March 31, 2008 2008 2008 (1) 2007 Cash flows - operating activities Net income (loss) $(24) $709 $685 $(92) Depreciation and amortization 67 23 90 70 Amortization of inventory valuation 15 15 Minority interest expense 2 2 4 Deferred income taxes (2) 191 189 Reorganization: Gain on settlement of liabilities subject to compromise (27) (27) Payment of claims (88) (88) Reorganization items net of cash payments (18) 79 61 27 Fresh start adjustments (1,009) (1,009) Payments to VEBAs (733) (55) (788) Loss on sales of businesses 1 7 8 14 Change in Working capital (124) (61) (185) (52) Other, net (23) 19 (4) 16 Net cash flows provided by (used in) operating activities (927) (122) (1,049) (17) Cash flows - investing activities Purchases of property, plant and equipment (29) (16) (45) (39) Proceeds from sale of businesses and assets 5 5 328 Change in restricted cash 93 93 Other 8 (5) 3 (15) Net cash flows provided by (used in) investing activities (21) 77 56 274 Cash flows - financing activities Proceeds from (repayment of) debtor-in-possession facility (900) (900) 200 Net change in short-term debt (7) (18) (25) 65 Payment of DCC Medium Term Notes (136) (136) Proceeds from Exit Facility debt 80 1,350 1,430 Original issue discount fees (114) (114) Deferred financing fees (40) (40) Repayment of Exit Facility (4) (4) Issuance of Series A and Series B preferred stock 771 771 Other (5) (1) (6) Net cash flows provided by (used in) financing activities 64 912 976 265 Net increase (decrease) in cash and cash equivalents (884) 867 (17) 522 Cash and cash equivalents - beginning of period 2,147 1,271 1,271 719 Effect of exchange rate changes on cash balances 20 5 25 17 Net change in cash of discontinued operations 4 4 (8) Cash and cash equivalents - end of period $1,283 $2,147 $1,283 $1,250 (1) See pages two and three of the press release for comments regarding the presentation of combined information for the three months ended March 31, 2008. DANA HOLDING CORPORATION SEGMENT EBITDA RECONCILIATION Reconciliation of Segment EBITDA to Income (Loss) from Continuing Operations Before Income Taxes Three Months Ended March 31, 2008 Dana Prior Dana Combined Prior Dana Two Months One Month Three Months Three Months Ended Ended Ended Ended March 31, January 31, March 31, March 31, 2008 2008 2008 (1) 2007 ASG $77 $32 $109 $72 HVSG 41 19 60 56 Segment EBITDA 118 51 169 128 Shared services and administrative (30) (10) (40) (40) Closed operations not in segments 2 (2) (2) Foreign exchange not in segments 15 4 19 4 EBITDA 105 43 148 90 Depreciation (47) (23) (70) (67) Amortization (30) (30) Realignment (5) (12) (17) (19) DCC EBIT 7 Reorganization items, net (9) (98) (107) (37) Interest expense (27) (8) (35) (23) Interest income 11 4 15 8 Fresh start accounting adjustments 1,009 1,009 Other income (loss) (1) (1) 14 Income (loss) from continuing operations before income taxes $(2) $914 $912 $(27) (1) See pages two and three of the press release for comments regarding the presentation of non-GAAP measures and combined information for the three months ended March 31, 2008.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990903/DANA
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Dana Holding Corporation

CONTACT: Investors: Karen Crawford, +1-419-535-4635; Media: Chuck
Hartlage, +1-419-535-4728, both of Dana Holding Corporation

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

Company News On-Call: http://www.prnewswire.com/comp/226839.html

Leading Financial Services Company Standardizes 42 Separate Companies and Subsidiaries on NetSuite OneWorld

SAN MATEO, Calif. and NEW YORK, May 14 /PRNewswire-FirstCall/ -- NetSuite Inc. , a leading vendor of on-demand, integrated business management software suites that provide Accounting / ERP (Enterprise Resource Planning), CRM (Customer Relationship Management) and Ecommerce software for small and medium-sized businesses and divisions of large companies, announced that Seabury Group, the leading provider of consulting, investment banking, and restructuring services to the aviation and aerospace industries, has selected NetSuite OneWorld to integrate its business operations across 42 separate companies and subsidiaries. Seabury Group will use NetSuite OneWorld to manage a myriad of back-office and front-office processes, including sales and opportunity tracking, professional services automation, project accounting, time management, HR management, analysis, reporting, multi-location and multicurrency accounting management.

(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)

Since its inception as a specialized investment banking and advisory company 12 years ago, Seabury Group has grown its financial services company rapidly. In addition to being the world's leading airline restructuring firm, the company engages in strategic consulting, financial consulting, investment banking, structured finance, airline planning, labor negotiation, and a variety of aircraft technical services. In all, Seabury Group now represents the combined efforts of more than three-dozen operating companies, and with that growth and complexity came significant operational challenges.

To reduce the complexity of managing a multi-company operation, Seabury turned to NetSuite to leverage a more complete services industry software suite. The integrated, multi-location, multicurrency accounting capabilities will make it easy for the financial services holding company to roll up the 42 different companies and subsidiaries which comprise the group into the U.S.-based parent. These capabilities are not available on most mid-market software packages and would require very significant expenditure of time, money, and other resources to provide them on conventional, on-premise ERP systems like Microsoft Dynamics Great Plains and SAP. NetSuite's professional services automation, project accounting and time management functionality can save time and increase productivity over other silo applications. Working with NetSuite Professional Services, Seabury is implementing project accounting management controls and time management analysis tools which will enable it to track the real-time status of each of its client engagements, including complete activity costing going back to the initial prospecting engagement. The improved project accounting and time management controls promises to eliminate Seabury's invoicing lag, putting the company months ahead of the curve on business generation and expense reconciliation.

"In just the past two and a half years, our business has grown and our horizons have broadened so much that we simply could not reconcile our entities properly any longer," said Martin Wills, CIO and chief administrative officer at Seabury Group. "We needed a solution which would allow multiple employees around the globe to share client projects on a real-time basis. With NetSuite OneWorld, Seabury Group will not just be deal-driven anymore. We will be opportunity-driven, with more complete insight into the true profit potential of all our client opportunities."

In addition, Seabury Group gained a human resources system with strategic planning capabilities, a key feature for a company with more than 155 employees and growing. This will provide the company improved visibility and assistance in negotiating and planning benefits offerings such as insurance and retirement savings. The real-time, multicurrency accounting capability of NetSuite services industry software helps Seabury nimbly reallocate its human capital where it can be most profitable, taking advantage of shifts in the value of the dollar and the euro to reassign staff to the most appropriate geographies. With NetSuite OneWorld, Seabury Group is poised to maintain a leading position and continue its intelligent, managed growth into the future as the aviation industry consolidates and evolves.

NetSuite OneWorld enables companies to manage their multi-national and multi-subsidiary business operations in real-time around the globe. It allows business to manage end-to-end business operations for their multiple subsidiaries, business units, and legal entities all from a single NetSuite account in a single database instance. NetSuite OneWorld delivers deep and locally/nationally appropriate functionality (currency, taxation, language, reporting, dashboards, etc.) while providing for instantaneous global roll-up, visibility and compliance management. NetSuite's native Software as a Service (SaaS) delivery model enables the NetSuite OneWorld functionality to be accessed anywhere simply by opening a Web browser, and eliminates the enormous IT issues associated with traditional approaches to global business management. NetSuite OneWorld targets mid-market companies having challenges in costs, complexity, limited consolidations and disintegration with traditional ERP applications such as Microsoft Dynamics and SAP. For more information about NetSuite OneWorld, please visit http://www.netsuite.com/OneWorld.

About Seabury Group

Seabury Group's principal business is the Aviation & Aerospace Group, which is the leading independent investment banking and advisory group serving aviation, aerospace, and cargo on a global basis. That group's practices span investment banking, corporate transformation, and management consulting. Seabury Group was awarded Airfinance Journal's "North American Deal of the Year" for the equity rights offering the firm structured and placed for Northwest Airlines in 2007. With more than 155 professionals dedicated to aviation and aerospace, Seabury has now advised over 150 clients worldwide in over 400 engagements spanning Africa, Australia, Asia, Europe, the Middle East, and the United States. In 2007 Seabury set up a parallel investment banking group, SeaCap Securities LLC, to house its investment banking and advisory services provided to financial institutions, insurance companies and institutional investors in the financial, insurance, maritime, travel and hospitality industries. Seabury and SeaCap also structure and manage portfolios of financial and life insurance assets. For more information, please see: http://www.seaburygroup.com/.

About NetSuite

NetSuite Inc. is a leading vendor of on-demand, integrated business management software suites for small and midsized businesses and divisions of large companies. NetSuite enables companies to manage core business operations in a single system, which includes Accounting / Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.

NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties and assumptions. If any of the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements include statements relating to expectations, plans and prospects for NetSuite and the service offering that are based upon current expectations and beliefs. Challenges may arise in the implementation of NetSuite OneWorld with the customer; disruptions in service as a result of loss of power or loss of Internet access may occur; unexpected disruptions in NetSuite data center may occur; and potential errors or other problems in the software code may arise; and other risks and uncertainties exist or may arise as described more fully in our public announcements and filings with or furnished to the U.S. Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2008. All forward-looking statements in this press release are based on information available to us as of the date hereof, and NetSuite disclaims any obligation to update these forward-looking statements.

Photo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com NetSuite Inc.

CONTACT: Mei Li of NetSuite Inc., +1-650-627-1063, meili@netsuite.com

Web site: http://www.netsuite.com/
http://www.seaburygroup.com/

Trimble Introduces New Version of Its Tiny Surface Mount GPS ReceiverCopernicus II GPS Receiver with Higher Sensitivity and Low Power Ideal for Drop-In, Ready to Go Positioning

SUNNYVALE, Calif., May 14 /PRNewswire-FirstCall/ -- Trimble introduced today the Copernicus(TM) II GPS receiver -- a thumbnail-sized, surface-mount, high sensitivity module. The Copernicus II receiver features major advancements in signal tracking for applications working in poor signal environments and a high-sensitivity stationary timing mode for time synchronization. With its higher sensitivity, performance and faster startup times, the Copernicus II GPS module enables system integrators to easily add Global Positioning System (GPS) capability to a mobile device with minimal impact on its size or battery life at a very economical price.

Trimble's Copernicus II GPS receiver will be showcased at CeBIT Australia, Australasia's leading Information and Communications Technology (ICT) event in Sydney, May 20-22.

The Copernicus II GPS module is a complete, ready-to-go receiver that provides position, velocity and time data. The receiver features Trimble patented software technology that provides faster startup times and even higher performance in foliage and urban canyon environments. Compatible with active or passive antennas, the Copernicus II GPS receiver can be used in portable handheld, battery-powered applications such as Bluetooth appliances, sport accessories, personal navigators or cameras, computer and communication peripherals as well as vehicle tracking, navigation, and security products.

Designed for the demands of automated high-volume production processes, Copernicus II is a complete 12-channel GPS receiver in a 19mm x 19mm x 2.5mm shielded module. The small, thin, single-sided receiver is packaged in tape and reel for pick and place manufacturing processes. It features a 28 reflow-solderable edge castellation interface so the module can be incorporated in a product design without costly I/O and RF connectors. The Copernicus II is a direct drop-in replacement for Trimble's earlier version of its popular Copernicus receiver.

With version 3.0 firmware, the ultra-sensitive Copernicus II GPS receiver can generate position fixes with high accuracy in extremely challenging environments and under poor signal conditions (down to -160dBm). The receiver consumes typically 120 milliwatts at full power with continuous tracking.

The Copernicus II GPS module is available in three protocols. Trimble's powerful TSIP protocol offers control over receiver operation and provides detailed satellite information. The TAIP protocol is an easy-to-use ASCII protocol designed specifically for track and trace applications. The bi-directional NMEA 0183 v3.0 protocol offers industry standard data messages and a command set for easy interface to mapping software.

The Copernicus II Starter Kit provides everything a designer needs to begin adding state-of-the-art GPS capability into their application. The kit includes the reference interface board, which provides a visual layout of the Copernicus II module on a PCB including the RF signal trace and RF connector, as well as the I/O and power connections of the 28 signal pins. Also included are a power converter, power adapter, GPS antenna, and the software to readily check out how easy it is to add Copernicus II GPS to the application.

The Copernicus II GPS receiver is expected to be available in the third quarter of 2008 through Trimble's Advanced Devices dealer network.

About Trimble

Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location -- including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.

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

GTRMB

SOURCE Trimble

CONTACT: investors, Willa McManmon, +1-408-481-7838,
willa_mcmanmon@trimble.com, or media, Lea Ann McNabb, +1-408-481-7808,
leaann_mcnabb@trimble.com, both of Trimble

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

Alcatel-Lucent Bell Labs and NTT Photonics Labs Sign Collaborative Agreement Related to Optical Packet Switch Technology

PARIS, May 14 /PRNewswire-FirstCall/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) and NTT today announced that they have signed a collaborative agreement focusing on optical packet switching technologies. The collaborative agreement was signed yesterday between Alcatel-Lucent's Bell Labs research organization and NTT's Photonics Labs in a private signing ceremony.

The continuing demand for innovations in packet transport networks are driven by several factors including: the emergence of very-high bandwidth subscribers, notably with FTTx deployments on a large scale; new reduced power consumption and footprint specifications; and low latency applications such as storage area network (SAN) or grid computing. Through this agreement Alcatel-Lucent Bell Labs and NTT Photonics will cooperate in investigations on optical packet switching technology, including transport multi-protocol label switching (T-MPLS), the initial version of MPLS Transport. Specific terms and conditions of the agreement were not disclosed.

"We are pleased to collaborate with Alcatel-Lucent on this project - one that represents a significant occasion to combine our well-proven research capabilities with Bell Labs' market-leading expertise in optical networking to raise the bar of technology innovation and benefit end-users," said Yoshio Itaya, director of NTT science and core technology laboratory group.

"We are looking forward to taking the next step in Alcatel-Lucent's already close and successful research and development cooperation with NTT," said Jean-Luc Beylat, head of business partnerships at Alcatel-Lucent's Bell Labs. "As the demand for technology innovation continues to increase, this collaborative agreement is a powerful opportunity for two world class research organizations to collaborate in addressing the very complex challenges in the next generation of optical networks.

About NTT

The Nippon Telegraph and Telephone (NTT) Group has led the development of telecommunications in Japan for more than a century. The major companies that comprise the NTT Group continue to accommodate the emerging needs of the ubiquitous broadband society in the 21st century, while fulfilling their social mission in each business field in an increasingly competitive global market environment. http://www.ntt.co.jp/

About Alcatel-Lucent

Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/

Alcatel-Lucent

CONTACT: NTT Contact: Kiminori Iizuka, NTT Science and Core Technology
Laboratory Group, NTT Corporation, Phone: +81-46-240-5157,
http://www.ntt.co.jp/sclab/contact_e.html. Alcatel-Lucent Press Contacts,
Regine Coqueran, Tel: +33-1-40-76-49-24, regine.coqueran@alcatel-lucent.com;
Stephane Lapeyrade, Tel: +33-1-40-76-12-74,
stephane.lapeyrade@alcatel-lucent.com. Alcatel-Lucent Investor Relations,
Remi Thomas Tel: +33-1-40-76-50-61, remi.thomas@alcatel-lucent.com, John
DeBono, Tel: +1-908-582-7793, debono@alcatel-lucent.com, Tony Lucido, Tel:
+33-1-40-76-49-80, alucido@alcatel-lucent.com, Don Sweeney, Tel:
+1-908-582-6153, dsweeney@alcatel-lucent.com

NICE Systems Achieves Record Results for First Quarter 2008

RA'ANANA, Israel, May 14 /PRNewswire-FirstCall/ -- NICE Systems , the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance, today announced results for the first quarter of 2008.

Non-GAAP highlights for first quarter 2008 include: =================================================== - Record revenues at $147 million, 25% year-over-year growth - Operating profit increased 33% year-over-year - EPS reached $0.36; Net income increased 32% year-over-year - Company raises revenue guidance for the year

First quarter 2008 non-GAAP revenue reached a record of $146.7 million, representing a 25% increase from $117.0 million in the first quarter of 2007.

Non-GAAP gross margin in the first quarter of 2008 reached a record 64.9%, or $95.3 million gross profit, up from 62.4%, or $73.0 million respectively, in the first quarter of 2007.

Non-GAAP operating margin in the first quarter of 2008 was 15.9%, up from 15.0% in the first quarter 2007. Non-GAAP operating profit reached $23.4 million, up 33% from $17.6 million in the first quarter of 2007.

First quarter 2008 non-GAAP net income was $22.0 million, a 32% increase from $16.6 million in the first quarter of 2007. Non-GAAP earnings per fully diluted share were $0.36, up from $0.31 in the first quarter of 2007.

On a GAAP basis: First quarter 2008 revenue was $144.4 million, an increase from $115.9 million in the first quarter of 2007. First quarter 2008 gross margin was 60.9%, compared with 59.2% in the first quarter of 2007; operating profit was $5.6 million, compared with operating profit of $7.2 million, in the first quarter of 2007; and first quarter 2008 net income was $7.9 million, or $0.13 per fully diluted share, compared with net income of $8.7 million, or $0.16 per share, on a fully diluted basis, for the first quarter of 2007.

First quarter 2008 operating cash flow was a record $46.7 million. Total cash and equivalents as of March 31, 2008 were $441.9 million, with no debt, up from $398.2 million as of December 31, 2007.

"The record results NICE achieved in the quarter, were driven by a continuous demand for our products and services both in the enterprise and security businesses, across the different verticals and geographies, which is especially encouraging given the macroeconomic environment. We are also very pleased with the performance of the recently acquired Actimize business," said Haim Shani, Chief Executive Officer of NICE.

Guidance for second quarter 2008 and full year 2008:

Second quarter 2008 non-GAAP revenues are expected to be in the range of $151 - $155 million, and non-GAAP EPS is expected to be in the range of $0.37 - $0.41 per fully diluted share.

The company is increasing its revenue guidance for year 2008; non-GAAP revenue is expected to be at $619-634 million, up from $615-630 million and non-GAAP EPS is reiterated at the range of $1.65 - $1.75 per fully diluted share.

Conference Call

NICE will host a conference call to discuss the results and its business outlook today at 8:30 a.m. EST (15:30 Israel). Participants may access the conference call by dialing US toll-free +1-888-281-1167 or +1-800-994-4498; international: +972-3-918-0610; Israel: 03-918-0610. The call will also be broadcast live on the internet via NICE's website at http://www.nice.com/ . A telephone replay will be available for up to 72 hours, starting from three hours after the call, by dialing one of the following numbers: US Toll-free: + 1-888-326-9310; international: + 972-3-925-5930; Israel: 03-925-5930.

Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: amortization of acquired intangible assets, in-process research and development write-off, stock based compensation expenses, as well as certain business combination accounting entries. The purpose of such adjustments is to give an indication of our performance exclusive of non-cash charges and other items that are considered by management to be outside of our core operating results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Business combination accounting rules requires us to recognize a legal performance obligation related to a revenue arrangement of an acquired entity. The amount assigned to that liability should be based on its fair value at the date of acquisition. The non-GAAP adjustment is intended to reflect the full amount of such revenue. We believe this adjustment is useful to investors as a measure of the ongoing performance of our business. We believe these non-GAAP financial measures provide consistent and comparable measures to help investors understand our current and future operating cash flow performance. These non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies. Reconciliation between results on a GAAP and non-GAAP basis is provided in a table immediately following the Consolidated Statement of Operations.

About NICE Systems

NICE Systems is the leading provider of Insight from Interactions solutions and value-added services, powered by advanced analytics of unstructured multimedia content - from telephony, web, radio and video communications. NICE's solutions address the needs of the enterprise and security markets, enabling organizations to operate in an insightful and proactive manner, and take immediate action to improve business and operational performance and ensure safety and security. NICE has over 24,000 customers in more than 135 countries, including over 85 of the Fortune 100 companies. More information is available at http://www.nice.com/.

Trademark Note: 360degrees View, Alpha, ACTIMIZE, Actimize logo, Customer Feedback, Dispatcher Assessment, Encorder, eNiceLink, Executive Connect, Executive Insight, FAST, FAST alpha Blue, FAST alpha Silver, FAST Video Security, Freedom, Freedom Connect, IEX, Interaction Capture Unit, Insight from Interactions, Investigator, Last Message Replay, Mirra, My Universe, NICE, NICE logo, NICE Analyzer, NiceCall, NiceCall Focus, NiceCLS, NICE Inform, NICE Learning, NiceLog, NICE Perform, NiceScreen, NICE SmartCenter, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse Compact, NiceVision, NiceVision Alto, NiceVision Analytics, NiceVision ControlCenter, NiceVision Digital, NiceVision Harmony, NiceVision Mobile, NiceVision Net, NiceVision NVSAT, NiceVision Pro, Performix, Playback Organizer, Renaissance, Scenario Replay, ScreenSense, Tienna, TotalNet, TotalView, Universe, Wordnet are trademarks and/or registered trademarks of NICE Systems Ltd. All other trademarks are the property of their respective owners.

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission.

NICE SYSTEMS LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME U.S. dollars in thousands (except per share amounts) Three months ended March 31, __________________ 2007 2008 Unaudited Unaudited __________ __________ Revenue Product $ 73,202 $ 83,670 Services 42,740 60,773 _______ _______ Total revenue 115,942 144,443 Cost of revenue Product 20,261 22,565 Services 27,068 33,967 _______ _______ Total cost of revenue 47,329 56,532 _______ _______ Gross Profit 68,613 87,911 Operating Expenses: Research and development, net 12,981 18,834 Selling and marketing 27,420 35,830 General and administrative 19,198 24,416 Amortization of acquired 1,852 3,205 intangible assets _______ _______ Total operating expenses 61,451 82,285 _______ _______ Operating income 7,162 5,626 Financial income, net 3,250 3,676 Other income, net - (9) _______ _______ Income before taxes on income 10,412 9,293 Taxes on income 1,686 1,361 _______ _______ Net income $ 8,726 $ 7,932 _______ _______ _______ _______ Basic earnings per share $ 0.17 $ 0.13 _______ _______ _______ _______ Diluted earnings per share $ 0.16 $ 0.13 _______ _______ _______ _______ Weighted average number of shares outstanding used to compute: Basic earnings per share 51,394 59,508 Diluted earnings per share 53,459 60,976 NICE SYSTEMS LTD. AND SUBSIDIARIES NON-GAAP NET INCOME AND EARNINGS PER SHARE U.S. dollars in thousands (except per share amounts) Three months ended March 31, ___________________ 2007 2008 Unaudited Unaudited _________ _________ GAAP net income $ 8,726 $ 7,932 Adjustments US GAAP valuation adjustment on acquired deferred revenue Product Revenue 173 1,546 Service Revenue 897 757 Amortization of acquired intangible assets and acquisition related costs (a) included in cost of product 2,537 4,147 included in operating expense 1,852 3,205 included in research and development - 221 included in general and administrative - 268 expense Equity based compensation expense included in cost of product 167 109 included in cost of services 614 834 included in research & development 594 1,640 included in sales & marketing 1,431 1,960 included in general & administrative 2,179 3,039 Tax benefit associated with amortization of acquired intangible assets, FAS 123R options compensation and acquired deferred revenue (2,541) (3,676) Non-GAAP net income $ 16,629 $ 21,982 ________ ________ ________ ________ Non-GAAP basic earnings per share $ 0.32 $ 0.37 ________ ________ ________ ________ Non-GAAP diluted earnings per share $ 0.31 $ 0.36 ________ ________ ________ ________ Weighted average number of shares outstanding used to compute: Non-GAAP basic earnings per share 51,394 59,508 Non-GAAP diluted earnings per share (b) 53,977 61,606 (a) Includes compensation expenses related to the acquisitions of US$489 in 2008. (b) For Non-GAAP earnings per share the diluted weighted average number of shares outstanding were calculated excluding the effects of expensing stock options under Statement 123R NICE SYSTEMS LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands December 31, March 31, 2007 2008 _________________________ Unaudited Unaudited _________________________ ASSETS CURRENT ASSETS: Cash and cash equivalents $ 116,619 $ 118,909 Short-term investments 123,322 107,611 Trade receivables 101,977 96,855 Other receivables and prepaid 20,749 23,799 expenses Inventories 11,835 13,023 Deferred tax assets 8,258 8,166 _________________________ Total current assets 382,760 368,363 _________________________ LONG-TERM ASSETS: Marketable securities 158,260 215,338 Other long-term assets 18,349 19,453 Deferred tax assets 8,739 9,266 Property and equipment, net 18,655 19,549 Other intangible assets, net 162,315 156,012 Goodwill 443,256 445,843 _________________________ Total long-term assets 809,574 865,461 _________________________ TOTAL ASSETS $ 1,192,334 $ 1,233,824 _________________________ _________________________ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables $ 21,792 $ 23,601 Accrued expenses and other 208,085 224,808 Liabilities _________________________ Total current liabilities 229,877 248,409 _________________________ LONG-TERM LIABILITIES: Deferred tax liabilities 41,764 38,906 Other long-term liabilities 16,899 18,619 _________________________ Total long-term liabilities 58,663 57,525 _________________________ SHAREHOLDERS' EQUITY 903,794 927,890 _________________________ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,192,334 $ 1,233,824 _________________________ _________________________ NICE SYSTEMS LTD. AND SUBSIDIARIES CONSOLIDATED CASH FLOW STATEMENTS U.S. dollars in thousands Three months ended March 31, ______________________ 2007 2008 Unaudited Unaudited ______________________ Cash flows from operating activities: Net income $ 8,726 $ 7,932 Adjustments required to reconcile net income to net cash provided by operating activities: Depreciation and amortization 6,850 10,059 Stock based compensation 4,985 7,582 Excess tax benefit from share-based (1,563) (107) payment arrangements Accrued severance pay, net 55 248 Amortization of discount (premium) and accrued interest on marketable securities (28) 290 Deferred taxes, net (2,393) (3,433) Decrease in trade receivables 2,985 5,439 Increase in other receivables and (1,623) (1,170) prepaid expenses Decrease (increase) in inventories 2,543 (1,106) Increase (decrease) in trade payables (8,698) 1,704 Increase in accrued expenses and 22,090 19,211 other liabilities Other (6) 57 ______________________ Net cash provided by operating 33,923 46,706 Activities ______________________ Cash flows from investing activities: Purchase of property and equipment (2,237) (3,274) Proceeds from sale of property and 33 7 equipment Investment in marketable securities (101,237) (91,141) Proceeds from maturity of marketable 72,350 16,550 securities Proceeds from sale and call of 2,000 32,846 held-to-maturity marketable securities Investment in short-term bank deposits (44) - Proceeds from short-term bank deposits 21 25 Capitalization of software development (213) (273) costs Payment for the acquisition of Actimize - (1,563) Ltd. Payment for the acquisition of Fast Video - (1,229) Security AG Payment for the acquisition of IEX (1,500) - Corporation Decrease in accrued acquisition costs (48) (1) ______________________ Net cash used in investing activities (30,875) (48,053) ______________________ Cash flows from financing activities: Proceeds from issuance of shares upon 7,412 3,190 exercise of share options and ESPP, net Excess tax benefit from share-based payment 1,563 107 arrangements ______________________ Net cash provided by financing 8,975 3,297 Activities ______________________ Effect of exchange rate changes on cash 24 340 ______________________ Increase in cash and cash equivalents 12,047 2,290 Cash and cash equivalents at beginning of 67,365 116,619 Period ______________________ Cash and cash equivalents at end of period $ 79,412 $ 118,909 ______________________ ______________________ Contact: Media Galit Belkind NICE Systems +1-877-245-7448 galit.belkind@nice.com Investors Daphna Golden ICE Systems +1-877-245-7449 ir@nice.com

Nice Systems Ltd.

CONTACT: Media: Galit Belkind, NICE Systems, +1-877-245-7448,
galit.belkind@nice.com; Investors, Daphna Golden, ICE Systems,
+1-877-245-7449, ir@nice.com

Photos: Three Popular TripAdvisor Travel Apps Now on MySpaceWorld's Largest Travel Community Brings Cities I've Visited, Local Picks and TravelPod's Traveler IQ Challenge to World's Largest Social Network

NEWTON, Mass., May 14 /PRNewswire/ -- TripAdvisor(R), the world's largest travel community, today announced that it has launched three of the web's top travel-focused social applications on MySpace, the world's most popular social network. The applications, Cities I've Visited(TM), Local Picks(TM) and Traveler IQ Challenge(TM) developed by Travelpod(R) have been downloaded by more than six million users, and each provide the MySpace audience with unique ways to share travel information with friends, to challenge each other and to learn. Empowered by MySpace's newly announced Developer Platform (http://developer.myspace.com/), TripAdvisor was able to easily test and deploy the three popular applications in a few short weeks.

To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/tripadvisor/33255/

Cities I've Visited Travel Map

Sharing stories is half the fun of travel, and Cities I've Visited lets travelers quickly create an interactive travel map to share and compare with friends. They can pin all the cities, towns, and even suburbs they've visited...and all the places they plan to visit. Cities I've Visited covers more than 20,000 destinations and is available in French, Italian, German and Spanish, enabling MySpace users all over to share their travel maps in their local language.

Local Picks Restaurant Recommendation Tool

Whether in their hometown or halfway around the world, when it comes to restaurants, why wing it? MySpace users can get personalized recommendations from their friends and never settle for a mediocre meal again. From greasy diners to hidden gems to trendy hot spots, Local Picks reveals the best places to eat in any location. There are more than 390,000 restaurants to select from, and Local Picks draws from more than 1,300,000 restaurant reviews -- so MySpace users can get the truth from people who have already been there! The Local Picks library is constantly growing, as foodies can quickly add new restaurants with Local Picks.

Traveler IQ Challenge Game

A little competition makes any subject more interesting, and travel becomes an Olympic event with Traveler IQ Challenge, developed by TravelPod, part of the TripAdvisor Media Network. The game shows a map of the world, then gives you a place name and ten seconds to click on its geographic location. You get points based on how close you are to the target and how fast you click. The play heats up when users begin competing against other travelers or wannabes, and they can issue challenges and compare their scores to others in their groups.

MySpace first introduced their Developer Platform site on February 5, 2008 beginning a one-month application development period, allowing companies, including TripAdvisor, time to build and test their applications in a secure environment before going live to the MySpace community.

In March, MySpace launched the public beta of the Application Gallery, enabling broader testing of approved applications by allowing public installation. MySpace members can now discover and add new applications including Cities I've Visited, Local Picks and Traveler IQ Challenge from a variety of categories, to both their home and profile pages.

"Bringing Cities I've Visited, Local Picks and Traveler IQ Challenge to MySpace lets millions interact on a topic they're passionate about -- travel," said Keith Fitzgerald, software architect at TripAdvisor. "MySpace's strong user community is the perfect environment for travelers to adopt the TripAdvisor applications and use them to explore the world around them."

As with all MySpace Developer Platform applications, Cities I've Visited, Local Picks and Traveler IQ Challenge will be able to safely access publicly available profile information including a user's friend list, interests, photos & albums, video, as well as status & mood. Cities I've Visited, Local Picks and Traveler IQ Challenge will have real estate in five places within MySpace including:

-- A MySpace application profile (users can "friend" the apps) -- Access to embed applications on the user homepage (inward facing-for you to see) -- Access to embed applications on profiles (outward facing widget-for friends to see) -- An application gallery listing -- A canvas page

"TripAdvisor's success in building online communities makes them an ideal developer for the MySpace platform, and their new travel applications are just the type of activities that our members will find stimulating," said Kyle Brinkman, vice president and general manager, MySpace Developer Platform. "We are committed to creating an open environment for developers, and through them, enriching our user experience."

For more information about the MySpace Developer Platform, please visit http://developer.myspace.com/.

About TripAdvisor Media Network

TripAdvisor(R) Media Network, operated by TripAdvisor, LLC, attracts nearly 30 million monthly visitors* (across ten popular travel brands, TripAdvisor(R),, airfarewatchdog.com(TM), bookingbuddy.com (TM), cruisecritic.com(TM), holidaywatchdog.com (TM), independenttraveler.com(TM), seatguru.com(R), smartertravel.com(TM), travel-library.com(TM) and travelpod.com(TM). TripAdvisor-branded sites make up the largest travel community in the world, with more than 25 million monthly visitors*, six million registered members and 15 million reviews and opinions. Featuring real advice from real travelers, TripAdvisor-branded sites cover 300,000+ hotels and attractions and operate in the U.S. (http://www.tripadvisor.com/), the U.K. (http://www.tripadvisor.co.uk/), Ireland (http://www.tripadvisor.ie/), France (http://www.tripadvisor.fr/), Germany (http://www.tripadvisor.de/), Italy (http://www.tripadvisor.it/), and Spain (http://www.tripadvisor.es/). TripAdvisor(R) Media Network provides travel suppliers with graphical advertising opportunities and a cost-per-click marketing platform. Collectively, the sites comprising the TripAdvisor Media Network have won hundreds of awards and accolades from press and industry worldwide. TripAdvisor and the sites comprising the TripAdvisor Media Network are operating companies of Expedia, Inc. .

TripAdvisor, SeatGuru, Travel-Library, Holiday Watchdog and TravelPod are either registered trademarks or trademarks of TripAdvisor LLC in the U.S. and/or other countries. Airfarewatchdog, Booking Buddy and Smarter Travel are either trademarks or registered trademarks of Smarter Travel Media LLC in the U.S. and/or other countries. Cruise Critic and The Independent Traveler are either trademarks or registered trademarks of The Independent Traveler, Inc. in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.

About MySpace

MySpace, a unit of Fox Interactive Media Inc., is the premier lifestyle portal for connecting with friends, discovering popular culture, and making a positive impact on the world. By integrating web profiles, blogs, instant messaging, e-mail, music streaming, music videos, photo galleries, classified listings, events, groups, college communities, and member forums, MySpace has created a connected community. As the first ranked web domain in terms of page views (*), MySpace is the most widely-used and highly regarded site of its kind and is committed to providing the highest quality member experience. MySpace will continue to innovate with new features that allow its members to express their creativity and share their lives, both online and off. MySpace's international network includes localized community sites in the United States, France, Germany, Australia, Ireland, Spain, Italy, Mexico, Switzerland, Austria, Canada, Netherlands, New Zealand, Japan, Sweden, Latin America, Denmark, Norway, Finland, Brazil and the United Kingdom. Fox Interactive Media is a division of News Corp. .

(*) Among the top 2000 domains comScore Media Metrix, December 2007. For more information on comScore Networks, please go to http://www.comscore.com/.

Video: http://www.prnewswire.com/mnr/tripadvisor/33255 TripAdvisor

CONTACT: Consumer, Brooke Ferencsik, +1-617-670-6575,
brooke@tripadvisor.com, Trade - Business, Brian Payea, +1-617-670-6688,
bpayea@tripadvisor.com, both for TripAdvisor; Lauryn Nicasio of Sparkpr for
MySpace, +1-415-321-1896, Lnicasio@sparkpr.com

Web site: http://www.tripadvisor.com/
http://developer.myspace.com/

China Automotive Systems Reports 46% Increase in Revenue and 170% Increase in Net Income for 2008 First Quarter

WUHAN, Hubei, China, May 14 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced 2008 first quarter results for the period ended March 31, 2008.

2008 First Quarter Highlights: -- Net sales increased to US$41.5 million, reflecting 46.1% year-over-year growth; -- Net sales from steering components for passenger and light-duty vehicles increased to US$30.2 million, reflecting a 44% year-over-year growth; -- Net sales from steering components for commercial vehicles increased to US$11.3million, reflecting a 51.9% increase year-over-year; -- Operating income rose to US$6.8 million, reflecting 30.8% year-over- year growth; -- Net income was US$4.4 million, reflecting 169.6% year-over-year growth; and -- Diluted earnings per share were US$0.18, reflecting 157.1% year-over- year growth.

China Automotive reported net sales of US$41.5 million for the first quarter ended March 31, 2008 compared with US$28.4 million in the same period in 2007, and US$37.7 million for the fourth quarter of 2007, reflecting a 46.1% year-over-year growth and a 10.1% quarter-over-quarter growth, respectively. Net income for the first quarter of 2008 was US$4.4 million, as compared to US$1.6 million in the same period of 2007 and US$2.2 million in the fourth quarter of 2007, reflecting a 169.6% year-over-year increase and 104.8% quarter-over-quarter increase, respectively. Fully diluted earnings per share for the first quarter of 2008 were US$0.18 per diluted share, as compared to US$0.07 for the same period a year ago and US$0.09 for the fourth quarter of 2007.

First quarter net sales for 2008 from steering products for passenger and light-duty vehicles increased to US$30.2 million as compared with US$21 million reported in the same period for 2007, reflecting a 44% year-over-year growth. First quarter net sales from steering products for commercial vehicles increased to US$11.3 million as compared with US$7.4 million reported in the same quarter for 2007, reflecting a 51.9% year-over-year growth.

Mr. Qizhou Wu, Chief Executive Officer of China Automotive Systems, commented, "We are excited to report a strong quarter witnessed by the high sales volume growth in particular from the accelerating sales in the commercial vehicle sector due to the forthcoming nationwide Euro III adoption. We are equally pleased with our strong growth momentum in the passenger vehicle sector, as our brand name, quality and service, and production capacity have been widely recognized by leading sino-foreign joint venture auto OEMs and Chinese national automakers in China. As global purchasing trend is upgrading from low-cost-high-volume to high-quality-high-technology, China Automotive Systems is well positioned for the broad market opportunities in the global market.''

Gross profit for the first quarter of 2008 increased to US$12.2 million compared with US$9.2 million in the same period for 2007, and US$12.7 million for the fourth quarter of 2007, reflecting a 32.9% increase year-over-year and a slight decline quarter-over- quarter growth, respectively. Gross margin declined to 29.5% from 32.4% in the first quarter a year ago due to higher material cost. The Company's research and development team is revising production techniques to reduce material waste and improve production efficiency, and price increase negotiations are underway. The annual gross margin goal is to achieve not less than 30%.

Operating income for the first quarter of 2008 was US$6.8 million, compared with US$5.2 million reported in the same period of 2007, and US$3.5 million for the fourth quarter of 2007, reflecting a 30.8% increase year-over-year and a 114.2% increase quarter-over-quarter, respectively. Operating margin for the first quarter of 2008 reached 16.4%.

Operating expenses in the first quarter of 2008 were US$5.6 million compared with US$4.1 million in the same quarter in 2007 and US$9.4 million in the fourth quarter of 2007. Selling expenses rose 55.3% to US$2.5 million from US$1.6 million in the same quarter last year due to higher sales and the related increase in warranty costs as well as higher transportation expenses. Depreciation rose by US$401,747 from US$ 0.9 million to US$1.3 million primarily due to the increased equipment in operation. General and administrative expenses in the 2008 first quarter were US$1.6 million, 7.1% higher versus the same quarter last year primarily because of greater labor insurance expenses.

Higher Other Income grew from increased government subsidies. There was also a positive swing in financial income from a negative US$394,997 to a positive US$20,693 due to changes in currency exchange and amortization for the discount of the US$35 million convertible notes.

An income tax decrease of US$469,685 in the 2008 first quarter compared with the same quarter in 2007, reflected an increase in deferred tax assets, a 5% reduced tax rate for one subsidiary, and refunds for equipment purchases.

First quarter net income in 2008 was US$4.4 million, or US$0.18 per weighted average diluted share as compared with US$1.6 million, or US$0.07 per diluted share in the same period a year ago, and compared with US$2.2 million, or US$0.09 per diluted share, for the fourth quarter of 2007. The first quarter net income represented 169.6% growth versus the same quarter in 2007 and a 104.8% rise over the 2007 fourth quarter. Weighted average number of fully diluted shares outstanding were 25,936,500 for the 2008 first quarter and 23,949,809 for the first quarter last year.

Total cash and cash equivalents as of March 31, 2008 totaled US$50 million compared with US$19.5 million as of December 31, 2007. Working capital was US$43 million. Stockholder's equity was US$48.5 million as of March 31, 2008 compared to US$67.2 million as of December 31, 2007. The reduction in stockholder's equity is related to the acquisition of the 35.5% of Henglong Automotive Parts Company during the 2008 first quarter.

Mr. Jie Li, Chief Financial Officer of China Automotive Systems, said, ''During the first quarter, we experienced high cost especially with our steering products for commercial vehicles, mainly due to price appreciation in our raw materials, particularly steel. We have successfully negotiated with our customers to raise our average selling price accordingly in the second quarter. We strive to maintain our high gross margin among our auto part peers as we continue to position China Automotive Systems as a high-technology and high-quality supplier to ensure safety measures for millions of vehicles on the roads of China.''

''Our acquisition of Jingzhou Henglong Automotive Parts Co. was successfully completed and financials were consolidated smoothly as we planned in 2007. Our efforts in expense control and economies-of-scale management continue to propel a stronger growth in the operating line. We are now fully reflecting our robust top line growth in our bottom line,'' Mr. Li concluded.

Key Events in the 2008 First Quarter

In January, China Automotive Systems announced that its joint venture, Wuhu Henglong Auto Steering Systems ("WHAS"), was named a Core Supplier by Chery Automotive Co., Ltd. ("Chery Auto"). Under the joint venture agreement, China Automotive Systems and Chery Auto own 77.3% and 22.7%, respectively, of the joint venture. In December 2007, Chery Auto honored 30 of its Core Suppliers at its Annual Suppliers Meeting. With its reliable quality, new product development, and timely delivery, Wuhu Henglong Auto Steering Systems was among the 30 Core Suppliers named for the year 2007. WHAS's CEO Yusheng Han was present as an honored guest of Chery and he received the prize on behalf of the Joint Venture.

In February, the Company closed a previously announced senior convertible notes with warrants private placement transaction and received funding from Lehman Brothers ("Lehman") for $30 million and from YA Global Investments, L.P., which is managed by Yorkville Advisors, LLC, for $5 million. The proceeds are planned to support the Company's acquisitions, capital expenditures for expansion and working capital for future growth.

Also in February, China Automotive Systems announced that its subsidiary, Jingzhou Henglong Automotive Parts Co. ("Henglong"), has passed Dongfeng Peugeot Citroen Automobile Company Ltd ("DPCA") safety test and road test for its power steering gears and started preparing its initial shipment of model Dongfeng Peugeot 206 to DPCA. Since March 2005, Henglong has developed 3 power steering gears for DPCA: Dongfeng Peugeot 206, Dongfeng Citroen Elysee and Dongfeng Citroen new Xsara Picasso. The power steering gears for the Dongfeng Peugeot 206 have already passed the French UTAC safety test. The volume shipment is expected to begin in June 2008. According to the China Association of Automobile Manufacturers, Dongfeng Peugeot Citroen Automobile Company Ltd. produced over 213,000 passenger cars and sold 207,000 passenger cars in 2007. DPCA was consistently ranked as a top 10 passenger car producer in China since 2005.

Recent Developments

In April, China Automotive System announced it entered into the final definitive agreement to acquire an additional 35.5% of Henglong Automotive Parts Company ("Henglong") to increase its total ownership to 80%. This 35.5% ownership of Henglong alone represented more than US$5 million of net earnings in 2007. In 2007, Henglong posted net income of US$14 million. Henglong, formerly 44.5% owned by China Automotive Systems prior to this acquisition, is engaged in manufacturing power steering systems and components for China's rapidly growing passenger vehicle market. Henglong's main customers are among China's leading automobile manufacturers and include Chery Auto, Brilliance Auto, BYD Auto, Geely Auto and FAW Volkswagen. The purchase price of the acquisition will be approximately US$32.1 million. The payment will consist of US$10 million in cash with the remaining value to be paid in 3,023,542 shares of China Automotive Systems common stock valued at US$7.3060 per share.

Conference Call

Management will conduct a conference call on at 8:00 a.m. Eastern Daylight Time today to discuss these results. A question and answer session will follow management's presentation.

To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the China Automotive Systems conference call:

Phone Number: +1-877-407-9205 (North America) Phone Number: +1-201-689-8054 (International)

In addition, the conference call will be broadcast live over the Internet at: http://www.caasauto.com/ or http://investor.shareholder.com/media/

Please go to the web site at least 15 minutes early to register, download and install any necessary software.

A telephone replay of the call will be available after the conclusion of the conference call through 11:59 PM Eastern Time on May 28, 2008. The dial- in details for the replay are: U.S. Toll Free Number +1-877-660-6853, International dial-in number +1-201-612-7415; using Account "286" and Conference ID "284924" to access the replay. The internet audio stream will also be available until 11:59 pm Eastern Time on Wednesday, May 28.

About CAAS

Based in Hubei Province, People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through seven Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers 4 separate series of power steering and 307 models of power steering with an annual production capacity of 1.1 million sets, steering columns, steering oil pumps and steering hoses. Its customer base is comprised of leading Chinese auto manufacturers such as China FAW Group, Corp., Donfeng Auto Group Co., Ltd., Brilliance China Automotive Holdings Ltd., Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd., etc. For more information, please visit: http://www.caasauto.com/ .

Safe Harbor Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition and the impact of acquisitions on its financial performance. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the impact of competitive products, pricing and new technology; changes in demand for the Company's products; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, delays and cost overruns related to developing and opening new production facilities; and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time.

For further information, please contact: Jie Li Chief Financial Officer China Automotive Systems Email: jieli@chl.com.cn Kevin Theiss Investor Relations The Global Consulting Group Tel: +1-646-284-9409 Email: ktheiss@hfgcg.com (Tables to follow) China Automotive Systems, Inc. Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended March 31, 2008 2007 Net product sales, including $2,051,082 and $902,584 to related parties at March 31, 2008 and 2007 $41,467,043 $28,383,392 Cost of product sold, including $1,952,390 and $1,051,480 purchased from related parties at March 31, 2008 and 2007 29,254,673 19,191,486 Gross profit 12,212,370 9,191,906 Add: Gain on other sales 134,190 112,094 Less: Operating expenses- Selling expenses 2,475,341 1,593,646 General and administrative expenses 1,616,150 1,509,027 R&D expenses 175,678 119,465 Depreciation and amortization 1,294,727 893,251 Total Operating expenses 5,561,896 4,115,389 Income from operations 6,784,664 5,188,611 Add: Other income, net 199,459 38,462 Financial income (expenses) net 20,693 (394,997) Income before income taxes 7,004,816 4,832,076 Less: Income taxes 824,395 1,294,080 Income before minority interests 6,180,421 3,537,996 Less: Minority interests 1,750,247 1,894,895 Net income $4,430,174 $1,643,101 Net income per common share- Basic $0.18 $0.07 Diluted $0.18 $0.07 Weighted average number of common shares outstanding - Basic 23,959,702 23,938,078 Diluted 25,936,500 23,949,809 China Automotive Systems, Inc. Condensed Consolidated Balance Sheets March 31, December 31, 2008 2007 (Unaudited) ASSETS Current assets: Cash and cash equivalents $32,462,022 $19,487,159 Pledged cash deposits 22,928,261 4,645,644 Accounts and notes receivable, net, including $2,943,990 and $1,869,480 from related parties at March 31, 2008 and December 31, 2007, net of an allowance for doubtful accounts of $3,258,368 and $3,827,838 at March 31, 2008 and December 31, 2007 96,139,674 82,022,643 Advance payments and other, including $594,491 and $55,323 to related parties at March 31, 2008 and December 31, 2007 2,347,585 922,578 Inventories 22,676,585 20,193,286 Total current assets $176,554,127 $127,271,310 Long-term Assets: Property, plant and equipment, net $47,087,219 $46,585,041 Intangible assets, net 653,871 589,713 Other receivables, net, including $770,156 and $638,826 from related parties at March 31, 2008 and December 31, 2007, net of an allowance for doubtful accounts of $769,224 and $652,484 at March 31, 2008 and December 31, 2007 1,260,335 888,697 Advance payments for property, plant and equipment, including $2,329,206 and $1,560,378 to related parties at March 31, 2008 and December 31, 2007 8,630,991 6,260,443 Long-term investments 76,934 73,973 Deferred income taxes assets 1,477,495 1,315,510 Total assets $235,740,972 $182,984,687 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Bank loans $13,819,632 $13,972,603 Accounts and notes payable, including $1,578,981and $1,134,817 to related parties at March 31, 2008 and December 31, 2007 54,762,108 47,530,383 Customer deposits 121,406 135,627 Accrued payroll and related costs 2,677,769 2,664,464 Accrued expenses and other payables, including $33,374,697 and $0 from related parties at March 31, 2008 and December 31, 2007 48,189,248 14,938,055 Accrued pension costs 4,021,656 3,622,729 Taxes payable 9,661,988 9,080,493 Amounts due to shareholders/directors 253,573 304,601 Total current liabilities $133,507,380 $92,248,955 Long-term liabilities: Advances payable 347,995 334,600 Derivative liabilities 3,972,068 Convertible note payable, net 30,722,374 -- Total liabilities 168,549,817 $92,583,555 Minority interests $18,650,147 $23,166,270 Related Party Translations Commitments and contingencies Stockholders' equity: Preferred stock, $0.0001 par value - Authorized - 20,000,000 shares Issued and outstanding - None $-- $-- Common stock, $0.0001 par value - Authorized - 80,000,000 Shares Issued and Outstanding - 23,959,702 shares and 23,959,702 shares at March 31, 2008 and December 31, 2007, respectively 2,396 2,396 Additional paid-in capital 4,618,037 30,125,951 Retained earnings- Appropriated 7,525,777 7,525,777 Unappropriated 28,021,449 23,591,275 Accumulated other comprehensive income 8,373,349 5,989,463 Total stockholders' equity 48,541,008 $67,234,862 Total liabilities and stockholders' equity $235,740,972 $182,984,687

China Automotive Systems, Inc.

CONTACT: Jie Li, Chief Financial Officer of China Automotive Systems,
jieli@chl.com.cn; or Kevin Theiss, Investor Relations of The Global Consulting
Group, +1-646-284-9409, or ktheiss@hfgcg.com, for CAAS

Web Site: http://www.caasauto.com/
http://investor.shareholder.com/media

China Recycling Energy Corp. to Present at Brean Muarry, Carret's All-Cap All-China Conference in New York City on May 19, 2008

XI'AN, China, May 14 /Xinhua-PRNewswire-FirstCall/ -- China Recycling Energy Corp. (BULLETIN BOARD: CREG) ("CREG" or "the Company"), a leading industrial waste-to-energy solution provider in China, today announced that it will present to investors at Brean Murray, Carret's All-Cap All-China Conference -- http://www.meetmax.com/sched/bm0508/~public/conference_home.html?event_id=2325 -- on Monday, May 19, 2008 at the Waldorf=Astoria located at 301 Park Avenue in New York City (telephone: 212-355-3000).

The Company will be making its presentation starting 8 a.m. EDT on Monday, May 19, 2008. Mr. Guangyu Wu, CEO, and Mr. Zhigang Wu, Vice General Manager will be representing CREG and will discuss the Company's unique business model, its customer base, current and pending projects, the competitive landscape, the Chinese government's alternative energy and environmental protection mandates which are driving the industry, recent financial highlights and its long-term growth strategy.

Participation is by invitation and registration is mandatory. For more information on the conference contact your Brean Murray representative or visit http://www.meetmax.com/sched/bm0508/~public/conference_home.html?event_id=2325.

About China Recycling Energy Corp.

China Recycling Energy Corp. (OTCBB: CREG.OB) ("CREG" or "the Company") is based in Xi'an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1% of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand. The management and engineering teams have over 20 years of experience in industrial energy recovery in China.

For more information about CREG, please visit http://www.creg-cn.com/ . Safe Harbor Statement

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

China Recycling Energy Corp.

CONTACT: In China: Mr. Zhigang Wu, Investor Relations of China Recycling
Energy Corp., +86-29-8765-1096, or tch@creg-cn.com; Or In the U.S.: Mr.
Valentine Ding, Investor Relations of Grayling Global, +1-646-284-9412, or
vding@hfgcg.com

Web site: http://www.creg-cn.com/

AUO to Exhibit Wide Range of Green Innovations for Large-sized TFT-LCDs at SID 2008

HSINCHU, Taiwan, May 14 /Xinhua-PRNewswire-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) will exhibit its latest cutting-edge green innovations for large-sized TFT-LCDs at SID (Society for Information Display) 2008, from May 20 through 22 in Los Angeles, California. The AUO Green Innovations exhibit, AUO's first large-scale exhibition after its "Green Solutions" announcement, will include a wide range of energy-saving technologies and LED technologies together with a less than 10 mm thick ultra slim 42" LCD TV panel.

According to Dr. B.D. Liu, Vice President of the AUO Technology Center, "Our four major domains of green innovations are Energy Saving, Material Saving, Environment Friendly and Lean Design. These four principles will not only drive future innovation and development trends, but will also become competitive advantages for AUO in providing customers high value-added green products."

The four domains of AUO's green innovations are as follows: 1. Energy Saving

AUO continues in the development of its new generation AMVA III technologies to provide static contrast ratio>5000:1 with higher transmittance to increase the energy utilization rate. AUO's RGBW -- Technology can increase 30% luminance with up to almost 20% power saving in NB applications. In addition, AUO latest 46" eco-friendly LCD TV panels can also save up to 50% in terms of power consumption.

2. Material Saving

The latest Ink-Jet Printing Color Filter technology allows saving up to at least one third of material use and also reduces chemical waste.

3. Environment Friendly

AUO leads in terms of legal compliance restricting hazardous substances and continues to develop some new technologies to implement LED backlighting. One ultra slim 42" LCD TV with LED offers a stylish design with less than 10mm module thickness, and another new technology of "High Dynamic Contrast" improves the contrast ratio above 200,000:1 by adopting 16x8 LED blocks for local dimming function.

4. Lean Design

AUO has successfully developed a 20.1 inch ultra slim TFT-LCD with single connection cascade chip on glass architecture technology. This new architecture adopts several novel designs to save space and assembling time with no changes in the production process.

The new technologies that will be showcased at SID 2008 include: -- Ultra Slim 42" LCD TV with LED, featuring both power-saving and stylish design trend

With advanced thermal and optical technologies, AUO has successfully developed ultra-slim 42" TFT-LCDs with LED technology to meet the TV market trends. This new LED TV technology with less than 10mm module thickness also reduces the weight significantly -- by 44% comparing to conventional models, reaching a high brightness at 450 nits with excellent luminance and uniformity performance. In addition, highly efficient white LEDs can further reduce power consumption and simplify the driving circuit. Therefore, AUO's 42" slim LCD panels provide end users more flexibility for applications, can utilize either wall mounts or individual stands, and can bring viewers enhanced stylish enjoyment and power-saving benefits in their LCD displays.

-- AUO latest 46" ECO-Friendly LCD TV panel, saving up to 50% in power consumption

AUO takes global warming seriously, and has developed its latest eco- friendly LCD TV technology with energy-saving and environmental protection features by optimizing the CCFL backlight unit design. AUO's latest 46-inch LCD TV panels are able to reduce power consumption by up to 50% and yet retain 500 nits brightness and 5,000:1 ultra static high contrast ratio, even providing better image quality performance than traditional LCD TV panels. If every household watched television for six hours per day, the electric power consumption would save 263 kilowatt hour per household per year, and save more than 168 kilograms of CO2 into the air (1).

(1) The data is based upon 2006 Taiwan CO2 Emission Factor for Electricity. -- Latest Ink-Jet Printing Color Filter Technology, saving 1/3 material and reducing waste

As LCD sizes are getting larger, productivity of large size substrates become a concern. As a result, AUO has adopted green production processes for color filters to meet environmental protection requirements. Ink-jet printing (IJP) technology, a new generation of color filter manufacturing methods, can easily simplify the process steps as well as improve the tact time. Furthermore, IJP technology is photo-mask free and implements a more simple printing process instead of a complicated exposure and development process, which can notably save up to at least one third of the material used and reduce chemical waste when compared with other printing technologies. As a consequence, the Ink-jet printing process is an environment-friendly technology.

AUO exhibit highlights for large-sized technologies at SID 2008 also include:

-- AMVA 3 Ultra High Static Contrast Ratio > 5,000:1 -- Ultra Slim 42" LCD TV with LED < 10 mm -- Ultra Slim High Dynamic Contrast with LED: Contrast Ratio > 200,000:1 -- Ink-Jet Printing Color Filter -- 46" Eco-Friendly Technology: 50% Power Saving -- RGBW Technology -- Single Connection Cascade COG Architecture -- Color Adaptation Technology -- Zigzag Pixel Design -- Microcrystalline-Silicon Technology

Pictures for the above news release can be downloaded from AUO corporate website URL: http://auo.com/auoDEV/pressroom.php?sec=Photos&ls=en

Any use of photographs must cite the source thereof is from AU Optronics Corporation

About AU Optronics

AU Optronics Corp. ("AUO") is the world's 2nd largest manufacturer* of large-sized thin film transistor liquid crystal display panels ("TFT-LCD"), with approximately 20%* of global market share in Q1/2008 and revenues of NT$480.2 billion (US$14.81billion)* in 2007. TFT-LCD technology is currently the most widely used flat panel display technology. Targeted for 40"+ sized LCD TV panels, AUO's new generation (7.5-generation) fabrication facility production started mass production in the fourth quarter of 2006. The Company currently operates one 7.5-generation, two 6th-generation, four 5th-generation, one 4th-generation, and four 3.5-generation TFT-LCD fabs, in addition to eight module assembly facilities and the AUO Technology Center specializes in new technology platform and new product development. AUO is one of few top-tier TFT-LCD manufacturers capable of offering a wide range of small- to large- sized (1.5"-65") TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.

* DisplaySearch 1Q2008 WW Large-Area TFT-LCD Shipment Report dated Apr 24, 2008. This data is used as reference only and AUO does not make any endorsement or representation in connection therewith. 2007 year end revenue converted by an exchange rate of NTD32.43:USD1.

AU Optronics Corp.

CONTACT: Fiona Chiu, Corporate Communications Dept, AU Optronics Corp,
+886-3-5008899 ext 3206, or fax, +886-3-5772730, or email, fiona.chiu@auo.com;
Yawen Hsiao, Corporate Communications Dept., AU Optronics Corp., +886-3-
5008899 ext 3211, or fax, +886-3-5772730, or email, yawen.hsiao@auo.com, both
for AU Optronics Corp.

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

Tencent Announces 2008 First Quarter results

HONG KONG, May 14 /Xinhua-PRNewswire/ -- Tencent Holdings Limited (''Tencent'' or the ''Company'', SEHK 0700), a leading provider of Internet and mobile & telecommunications value-added services in China, today announced the unaudited results for the first quarter of 2008 ended March 31, 2008.

Highlights -- Total revenues were RMB1,432.9 million (USD204.1 million(1)), an increase of 27.7% over the fourth quarter of 2007 (''QoQ'') or an increase of 85.4% over the first quarter of 2007 (''YoY'') -- Revenues from Internet value-added services (IVAS) were RMB998.7 million (USD142.3 million), an increase of 33.5% QoQ or an increase of 99.0% YoY -- Revenues from Mobile and telecommunications value-added services (MVAS) were RMB288.3 million (USD41.1 million), an increase of 36.3% QoQ or an increase of 46.7% YoY -- Revenues from Online advertising were RMB144.6 million (USD20.6 million), a decrease of 9.5% QoQ or an increase of 95.2% YoY -- Gross profit was RMB1,044.4 million (USD148.8 million), an increase of 30.0% QoQ or an increase of 95.0% YoY -- Operating profit was RMB737.3 million (USD105.0 million), an increase of 55.2% QoQ or an increase of 125.2% YoY -- Profit for the period was RMB542.0 million (USD77.2 million), an increase of 4.8% QoQ or an increase of 86.8% YoY -- Profit attributable to equity holders of the Company for the period was RMB534.4 million (USD76.1 million), an increase of 3.8% QoQ or an increase of 84.2% YoY -- Key platform statistics: -- Total registered Instant Messaging ("IM") user accounts increased to 783.4 million, representing a 5.6% growth QoQ -- Active IM user accounts increased 5.9% QoQ to 317.9 million -- Peak simultaneous online user accounts for IM services recorded 40.3 million, a growth of 11.6% QoQ -- Peak simultaneous online user accounts of QQ Game portal (for mini casual games only) was 4.0 million, an increase of 5.3% QoQ -- IVAS paying subscriptions were 22.4 million, an increase of 27.3% QoQ -- MVAS paying subscriptions were 12.6 million, an increase of 15.6% QoQ (1) Figures stated in USD are based on USD1 to RMB7.019

Mr. Ma Huateng, Chairman and CEO of Tencent, said, ''During the first quarter of 2008, we benefited from positive seasonality associated with Chinese New Year holidays which increased the consumption of our Internet value-added services and helped us to achieve another record quarter. We also continued to increase our focus on developing our advertising business. In addition to our branding campaign, we have signed up as the exclusive Internet partner to the 2010 World Expo in Shanghai, which we believe will future raise our profile with consumers and advertisers.''

Commenting on becoming a constituent of the Hang Seng Index (HSI), he said, ''We are very pleased with the news, and feel encouraged by the recognition from the market.'' The best way to express our gratitude, he added, was to continue to create more sustainable value to our investors, our users and our employees via investing in our platforms, strategic research and our employees to reinforce the long-term competitiveness of the Company.

Business Review

IVAS revenues increased 33.5% QoQ to RMB998.7 million and represented 69.7% of the total revenues in the first quarter of 2008. The increase reflected the significant growth in revenues from online gaming, online identity and community business, particularly Qzone, QQ Show and Premium QQ, due to the seasonal impact of the Chinese New Year holidays and winter break for students, as well as the positive impact of the Company's various service enhancements and changes. Revenue from Premium QQ benefited from increased user loyalty and stickiness as the service continued to give differentiated value-added and privileges across various platforms. Revenue from Qzone benefited from growth in active usage of the service due to organic growth and due to increase in popularity of some Qzone applications such as mobile Qzone and celebrity blogs.

As part of IVAS revenues, the total revenues generated from online games increased 38.9% QoQ to RMB391.3 million in the first quarter. The revenue growth was driven by mini games, QQ Sanguo and QQ Huaxia. Revenue from QQ Sanguo benefited from upgrades targeted to increase monetization during the first quarter. Revenue from QQ Huaxia increased primarily as the Company recognized 100% of the revenues from QQ Huaxia in its consolidated financial results for the full three months in the first quarter of 2008, compared to recognizing only a portion of the fourth quarter of 2007 after acquisition in late November 2007.

MVAS revenues increased 36.3% QoQ to RMB288.3 million and represented 20.1% of total revenues in the first quarter of 2008. This increase was mainly driven by increased online promotion of bundled service packages and better than expected collection rate for Fetion QQ service as the platform become more stable. Being classified as category A service provider was beneficial to the promotion of the Company's business, particularly for SMS, WAP and IVR.

Online advertising revenues decreased 9.5% QoQ to RMB144.6 million and represented 10.1% of total revenues in the first quarter of 2008, mainly reflecting the seasonal impact of the first quarter of each year being a soft quarter for advertising.

Financials

Gross profit for the first quarter was RMB1,044.4 million, an increase of 30.0% QoQ or an increase of 95.0% YoY. Gross margin was 72.9% compared with 71.6% in the fourth quarter of 2007. Operating profit for the first quarter was RMB737.3 million, an increase of 55.2% QoQ or an increase of 125.2% YoY. Operating margin increased to 51.5% compared with 42.3% in the previous quarter. Profit for the quarter was RMB542.0 million, an increase of 4.8% QoQ or an increase of 86.8% YoY. Net margin decreased to 37.8% compared with 46.1% in the previous quarter. Basic earnings per share was RMB0.298. Diluted earnings per share was RMB0.290.

Share-based compensation was RMB35.4 million as compared with RMB29.7 million for the previous quarter. Foreign exchange loss, as a result of Renminbi appreciation, was RMB94.5 million as compared with RMB58.9 million for the previous quarter.

Outlook

The Company expects the second quarter will present a weaker seasonality for its Internet value-added services, given the May 1st long holiday in China is shortened from 7 days to 3 days this year. On the other hand, online advertising revenue will trend up due to better seasonality in the second quarter and the Olympics-related advertising. On the back of a successful QQ.com branding campaign last year, the Company continued to invest in the advertising of QQ.com in major cities and the sponsorship of major events to raise the profile of QQ.com. In particular, the Company has recently signed up as the exclusive internet service sponsor to the 2010 World Expo in Shanghai. It targets to once again grow its annual online advertising revenue in 2008 at a rate above industry average by expanding relationship with top advertisers, professionalizing its advertising sales team and leveraging its increasing traffic across its Internet platforms.

Resignation of Chief Financial Officer and Succession Plan

The Board of the Company announces that, due to personal reasons, Mr Patrick Chun Kwok Tsang (''Mr Tsang'') has tendered his resignation from his position as Chief Financial Officer of the Company with effect from September 30, 2008.

The Board would like to express its sincere gratitude to Mr Tsang for his valuable contributions to the Company during his tenure of services.

''Patrick has been an extremely valuable and dedicated member of the management team, traveling between his Beijing home and our Shenzhen headquarters on a weekly basis for the past seven years, during which he has built a highly professional finance team from scratch. We will miss him dearly, and want to wish him all the best as he turns a new leaf in his life,'' said Mr. Ma Huateng, Chairman and CEO of Tencent.

The Board announced the appointment of Mr John Shek Hon Lo (''Mr Lo''), currently the qualified accountant and Financial Controller of the Company, as Deputy Chief Financial Officer of the Company with effect from May 14, 2008. Mr Lo was appointed the Financial Controller of the Company in 2004 and has been responsible for the financial control of the Company. The current change in personnel is not expected to have any significant impact on the business of the Company.

About Tencent

Tencent aims to enrich the interactive online experience of Internet users in China by providing a comprehensive range of Internet and wireless value- added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, QQ Game portal, multi-media blog service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet.

Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising.

Shares of Tencent Holdings Limited are traded on the Main Board of the Stock Exchange of Hong Kong Limited, under stock code 0700. The Company will become one of the 43 constituents of the Hang Seng Index (HSI) on June 10, 2008. For more information, please visit http://www.tencent.com/ir .

For enquiries, please contact: Catherine Chan Tel: +86-755-8601-3388 x8369 or +852-2179-5122 Email: cchan@tencent.com Forward-Looking Statements

This press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this announcement. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward- looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website.

CONDENSED CONSOLIDATED INCOME STATEMENT In RMB '000 (unless otherwise stated) Unaudited Unaudited 1Q2008 4Q2007 1Q2008 1Q2007 Revenues 1,432,911 1,122,220 1,432,911 773,061 Internet VAS 998,733 747,988 998,733 501,787 Mobile & Telecom VAS 288,291 211,584 288,291 196,544 Online Advertising 144,580 159,708 144,580 74,068 Others 1,307 2,940 1,307 662 Cost of revenues (388,465) (318,885) (388,465) (237,519) Gross profit 1,044,446 803,335 1,044,446 535,542 Gross margin 72.9 % 71.6 % 72.9 % 69.3 % Other gains, net 47,448 6,851 47,448 34,013 S&M expenses (85,934) (78,320) (85,934) (70,210) G&A expenses (268,642) (256,884) (268,642) (171,977) Operating profit 737,318 474,982 737,318 327,368 Operating margin 51.5 % 42.3 % 51.5 % 42.3 % Finance costs (94,466) (58,860) (94,466) (12,505) Share of loss of a jointly controlled entity -- (317) -- -- Profit before income tax 642,852 415,805 642,852 314,863 Income tax (expenses)/ benefit (100,840) 101,239 (100,840) (24,694) Profit for the period 542,012 517,044 542,012 290,169 Net margin 37.8 % 46.1 % 37.8 % 37.5 % Attributable to: Equity holders of the Company 534,378 514,964 534,378 290,169 Minority interest 7,634 2,080 7,634 -- Earnings per share - basic (RMB) 0.298 0.288 0.298 0.164 - diluted (RMB) 0.290 0.279 0.290 0.158 CONDENSED CONSOLIDATED BALANCE SHEETS In RMB '000 (unless otherwise stated) Unaudited Audited 31 March 31 December 2008 2007 ASSETS Non-current assets Fixed assets 905,065 839,256 Construction in progress 136,576 112,232 Investment property 66,056 66,414 Leasehold land and land use rights 36,609 36,796 Intangible assets 446,976 451,554 Investment in a jointly controlled entity -- 179 Investment in associates 333,974 -- Deferred income tax assets 316,519 287,652 Held-to-maturity investments 70,190 73,046 Available-for-sale financial assets 66,455 63,605 Other long-term assets 171,413 219,138 2,549,833 2,149,872 Current assets Inventories 1,134 1,701 Accounts receivable 735,288 535,528 Prepayments, deposits and other receivables 163,912 130,406 Financial assets held for trading 464,787 266,495 Derivative financial instruments 67,041 47,759 Term deposits with initial term of over three months 903,197 604,486 Restricted cash 300,000 300,000 Cash and cash equivalents 2,360,257 2,948,757 4,995,616 4,835,132 Total Assets 7,545,449 6,985,004 EQUITY Equity attributable to the Company's equity holders Share capital 195 194 Share premium 1,428,511 1,455,854 Share-based compensation reserve 255,786 220,230 Other reserves 93,712 93,712 Retained earnings 3,948,201 3,413,823 5,726,405 5,183,813 Minority interests in equity 99,436 91,630 Total Equity 5,825,841 5,275,443 LIABILITIES Non-current liabilities Deferred income tax liabilities 59,479 59,944 Current liabilities Accounts payable 198,790 117,062 Other payables and accruals 472,818 669,194 Short-term bank borrowing 292,184 292,184 Derivative financial instruments 49,342 30,060 Current income tax liabilities 150,934 71,133 Other tax liabilities 153,696 134,746 Deferred revenue 342,365 335,238 1,660,129 1,649,617 Total Liabilities 1,719,608 1,709,561 Total Equity and Liabilities 7,545,449 6,985,004

Tencent Holdings Limited

CONTACT: Catherine Chan of Tencent, +86-755-8601-3388 x8369 or +852-
2179-5122, or cchan@tencent.com

Ninetowns Announces Senior Management Change

BEIJING, May 14 /Xinhua-PRNewswire/ -- Ninetowns Internet Technology Group Company Limited (''Ninetowns'' or the ''Company''), one of China's leading providers of online solutions for international trade, today announced that Mr. John Yan Wang, who joined Ninetowns as Senior Vice President of Business Development in May 2004, left the Company on May 9, 2008.

"John has played an important role in driving our business development initiatives. I would like to thank him for all his efforts and wish him the very best in his future endeavors," said Shuang Wang, Chief Executive Officer of Ninetowns.

"This position provided me with great opportunities for my professional development and I am grateful for having been a part of the Ninetowns story from private entity to publicly listed company," said John Yan Wang, Senior Vice President of Business Development of Ninetowns.

About Ninetowns Internet Technology Group Company Limited

Ninetowns is the leading provider of online solutions for international trade, with its key services in automating import/export e-filing, as well as in providing effective and efficient business-to-business search. Ninetowns has been listed on the NASDAQ Stock Exchange since December 2004 under the symbol "NINE." More information can be found at http://www.ninetowns.com/english .

Forward-Looking Statements

Certain statements in this press release, including statements relating to the expected non-cash impairment charge and the Chinese government's future promotional plans for its free software, include forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may,'' ''will,'' ''expect,'' ''intend,'' ''estimate,'' ''anticipate,'' ''believe,'' ''project'' or ''continue'' or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but not limited to, customer acceptance and market share gains, competition from companies that have greater financial resources; introduction of new products into the marketplace by competitors; successful product development; dependence on significant customers; the ability to recruit and retain quality employees as the Company grows; and economic and political conditions globally. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-looking statements speak only as of the date of this release and the Company assumes no duty to update them to reflect new, changing or unanticipated events or circumstances.

For more information, please contact: Helen Wu Investor Relations Ninetowns Internet Technology Group Company Limited Tel: +86-10-6584-9901 Email: ir@ninetowns.com Investor Relations (US): Mahmoud Siddig, Director Taylor Rafferty Tel: +1-212-889-4350 Email: ninetowns@taylor-rafferty.com Investor Relations (HK): Ruby Yim, Managing Director Taylor Rafferty Tel: +852-3196-3712 Email: ninetowns@taylor-rafferty.com

Ninetowns Internet Technology Group Company Limited

CONTACT: Helen Wu, Investor Relations of Ninetowns Internet Technology
Group Company Limited, +86-10-6584-9901, or ir@ninetowns.com; or Investor
Relations (US), Mahmoud Siddig, Director, +1-212-889-4350, or
ninetowns@taylor-rafferty.com, or Investor Relations (HK), Ruby Yim, Managing
Director, +852-3196-3712, or ninetowns@taylor-rafferty.com, both of Taylor
Rafferty, for NINE

Web Site: http://www.ninetowns.com/english