Tongji University Deploys Radware's Application Delivery Solution to Ensure Continuous & Secure Access for Campus ApplicationsAppDirector to Enable China's Century-Old University's Digital Campus Platform With High Availability, Performance and Security

BEIJING, China, May 14 /PRNewswire-FirstCall/ -- Radware , the leading provider of integrated application delivery solutions for business-smart networking, announced today that Tongji University, China's famous century-old University, has deployed Radware's AppDirector as part of the overhaul of its campus network. This will ensure the high availability, performance and security of Tongji University's campus network systems, and vigorously promote the digital evolution of its campus platform to stay ahead of technology curve.

Tongji University, a famous Chinese university with more than 100 years of history, is well known for its schools of science, engineering, medicine, arts and law. It is also the largest professional engineering university for civil construction. With more than 78,660 students and staff, the entire campus network covers 17 network systems such as portals, a unified identity authentication system, information submission, enquiry, management and verification etc.

Faced with increasing network usage and rising network issues including network overload, uneven traffic distribution and server instability, Tongji University identified the need to upgrade its entire campus network system, and build an efficient platform to support portals and core application systems. The overhauling of the campus network not only substantially improved availability and throughput but also enhanced the security and network protection of its Wide Area Network (WAN), linking the main campus and four district campuses.

Tongji University selected Radware's AppDirector 3020 to create a resilient, secure and highly available campus platform that could optimally provide continuous access to campus applications, which is essential in enabling learning and university operations. It deployed AppDirector to load balance servers and multiple Internet links, enhancing network throughput, increasing network bandwidth and relieving networking congestion among main campus and district campuses as well as reducing the cost of WAN links. In addition, Radware added its network security protection module in the WAN and Internet interfaces to further guarantee the security of campus network system.

"The response of our network system has significantly improved since the deployment of Radware's AppDirector. AppDirector has helped us to vigorously push forward the evolution of our campus information system and set up a digital platform with excellent performance, stability and reliability, so that we can empower teaching and learning, as well as provide better service to teachers and students," said Fang Yuan, Deputy Director of Network of Tongji University.

Mr. Zhao Jun, General Manager of Radware North China said, "Radware's AppDirector has enabled the campus network overhaul to achieve intelligent optimization of servers, traffic management & monitoring, as well as security and scalability. It has helped Tongji University to attain the high availability, performance and security necessary for the smooth running of its core application systems."

About Tongji University

Tongji University is one of the leading universities under the State Ministry of Education in the People's Republic of China . As a state key university, it has also been included in the State Project 211 and the 21st Century Education Plan of China . It was founded in 1907 by a German as the Tongji German Medical School and was officially accepted as a university in 1923. Tongji University has 17 schools offering 81 undergraduate programs, 141 Master degree programs, 7 professional Master Degree programs and 58 PhD programs. There are 13 postdoctoral mobile stations and 10 state key laboratories at the university.

About Radware

Radware , the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute(TM), Radware's comprehensive and award-winning suite of intelligent front-end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart." For more information, please visit http://www.radware.com/.

This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching or Network Security industry, changes in demand for Application Switching or Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.

Radware Ltd

CONTACT: Media Relations: Joyce Anne Shulman, +1-201-785-3209,
joyceannes@radware.com

Compass Group - Live Interim Results Presentation

LONDON, May 14 /PRNewswire-FirstCall/ -- At 0930 BST Compass Group will host a live webcast outlining its interim results performance. The webcast will be hosted by Sir Roy Gardner, Chairman, Richard Cousins, CEO. An on-demand replay will be available later today.

It's free to view. All you need to do is register at http://www.cantos.com/. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

Compass Group

CONTACT: If you would like to contact us, please email
enquiries@cantos.com or phone +44-207-936-1333.

Compass Group - Live Interim Results Presentation

LONDON, May 14 /PRNewswire/ -- At 0930 BST Compass Group will host a live webcast outlining its interim results performance. The webcast will be hosted by Sir Roy Gardner, Chairman, Richard Cousins, CEO. An on-demand replay will be available later today.

It's free to view. All you need to do is register at http://www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

Compass Group

If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

Cellcom Israel Announces First Quarter 2008 Results

NETANYA, Israel, May 14 /PRNewswire-FirstCall/ --

- Cellcom Israel Concludes Another Strong Quarter; A Record Quarter in Terms of Total Revenues, EBITDA, Operating Income and Net Income - These Record Results Achieved Despite the Ongoing Price Erosions, the Increased Expenses due to the Preparation for Number Portability and the Increased Market Competition; - Quarterly Net Income Increased 31.3%; EBITDA(1) up by 11% - Cellcom Israel Declares a First Quarter Dividend of NIS 2.65 per Share (Totals Approx. NIS 258 Million) First Quarter 2008 Highlights (results compared to first quarter of 2007): - Total Revenues (including revenues from end-user equipment) increased 10.9% to NIS 1,595 million ($449 million) - Total Revenues from services increased 5.8% to NIS 1,358 million ($382 million) - Revenues from content and value added services (including SMS) increased 41%, reaching 10.9% of services revenues - EBITDA increased 11% to NIS 593 million ($167 million); EBITDA margin 37.2%, up from 37.1% - Operating income increased 22.2% to NIS 424 million ($119 million) - Net income increased 31.3% to NIS 273 million ($77 million) - Subscriber base increased approx. 23,000; reaching approx. 3.096 million at the end of March 2008 - 3G subscribers reached approx. 523,000 at the end of March 2008, net addition of approx. 104,000 - The Company Declared first quarter dividend of NIS 2.65 per share

Cellcom Israel Ltd. ("Cellcom Israel", the "Company"), announced today its financial results for the first quarter of 2008. Revenues for the first quarter 2008 totaled NIS 1,595 million ($449 million); EBITDA for the first quarter 2008 totaled NIS 593 million ($167 million), or 37.2% of revenues; and net income for the first quarter 2008 reached NIS 273 million ($77 million). Earnings per basic share for the first quarter 2008 reached NIS 2.80 ($0.79).

Commenting on the results, Amos Shapira, Chief Executive Officer said, "I am very pleased with our first quarter 2008 results, especially given the competitive environment and the continuing price erosions. I want to thank all our employees and managers for the achievements this quarter, as well as for implementing the thought-out strategy in this changing market environment, further enhancing our status as the leading cellular company in Israel. Our results this quarter continued to be impacted by the increased expenses and payments for the number portability implemented in December 2007, however, I am pleased to note that the majority of these expenses terminated by the end of the first quarter.

This quarter we bore the fruits of our aggressive approach to develop additional activities for driving revenues, while constantly monitoring expenses. Cellcom Israel presents today a record quarter in terms of total revenues, EBITDA, operating income and net income. The increased revenues are specifically notable, in light of the continuing price erosions, that reached this quarter to approximately 3.5% compared to first quarter last year.

On the technology side, almost two years after launching our advanced HSDPA 3.5 G services, our 3G subscriber base continues to grow, reaching close to 523,000 as of the end of March 2008, up 104,000 this quarter, all of which are post-paid subscribers, characterized by higher ARPU. Furthermore, we continue to strive to enhance customer relationships through broad and successful marketing initiatives, in line with our strategy to constantly innovate, improve service levels and drive customer satisfaction".

Mr. Shapira added: "This quarter, I am also pleased to note, we further increased our subscriber base, while increasing revenues from content and value added services, reaching 10.9% of our service revenues. Furthermore, we deepened our penetration of landline and transmission services in the business sector which contributed to the Company's growth capability. During the quarter, we enhanced our offering in the landline services by offering our customers a variety of new advanced services, using the Next Generation Network (NGN). Simultaneously, we invest many efforts in efficiency measures, such as bringing in house the installation services of hands-free vehicle devices and changing our handset repair service layout, in order to increase profitability margins and to compensate for the price erosions, resulting mainly from the increased competition".

Tal Raz, Chief Financial Officer, commented: "This was a strong quarter in terms of profitability for the Company, resulting mainly from the 9% increase in airtime minutes, higher revenues from content services as well as ongoing cost efficiencies. Our ongoing efficiency measures contributed to a decline in marketing, sales, general and administrative expenses as percentage of revenues from 21.4% in the first quarter last year to 19.4% in the first quarter this year. Our Free Cash Flow1 for the first quarter totaled NIS 78 million and was impacted mainly by the increase in the Company's expenses for preparation for number portability, which mainly include an increase in payments for handsets procurement and payroll expenses attributed to the increased workforce. The majority of these payments were finalized by the end of the first quarter 2008. At the beginning of the first quarter 2008, we also paid a one time catch up tax payment in the amount of NIS 70 million for 2007 accrued tax liability. I am pleased to note, however, that our stronger financial performance this quarter partially mitigated the impact these three exceptional items had on our Free Cash Flow".

Main Financial and Performance Indicators: Q1/2008 Q1/2007 % Change Q1/2008 Q1/2007 million NIS million US$ (convenience translation) Total Services revenues 1,358 1,284 5.8% 382.0 361.4 Revenues from content and value added services 148 105 41.0% 41.7 29.6 Handset and accessories revenues 237 154 53.9% 66.7 43.3 Total revenues 1,595 1,438 10.9% 448.9 404.7 Operating Profit 424 347 22.2% 119.3 97.7 Net Income 273 208 31.3% 76.8 58.5 Cash Flow from Operating Activities, net of Investing Activities 78 267 -70.8% 22.0 75.1 EBITDA 593 534 11.0% 166.9 150.3 EBITDA, as percent of Revenues 37.2% 37.1% 0.3% Subscribers end of period (in thousands) 3,096 2,928 5.7% Estimated Market Share(2) 34% 34% - Average Monthly MOU (in minutes) 351 341 2.9% Monthly ARPU 145 146 -0.7% 40.8 41.1 Financial Review

Revenues for the first quarter of 2008 totaled NIS 1,595 million ($449 million), a 10.9% increase compared to NIS 1,438 million ($405 million) in the first quarter last year. The increase in revenues resulted from a 5.8% increase in revenues from services, reaching NIS 1,358 million ($382 million) compared to NIS 1,284 million ($361 million) in the first quarter last year, as well as from a 53.9% increase in handset and accessories' revenues from NIS 154 million ($43 million) in the first quarter last year, to NIS 237 million ($67 million) in the first quarter 2008. The increase in revenues from services during the first quarter is attributed mainly to an increase of approximately 9% in airtime usage (outgoing and incoming), following the increase in the Company's subscriber base and Minutes of Use ("MOU") per subscriber. Revenues also reflected a 41% increase in revenues from content and value added services (including SMS) in the first quarter 2008, compared to the first quarter last year, reaching NIS 148 million ($42 million), or 10.9% of revenues from services. The increase in revenues from services was partially offset by the reduction of interconnect tariffs and the ongoing airtime price erosion. The increase in handset and accessories' revenues primarily resulted from a larger amount of handsets sold during the first quarter of 2008 and an increase in the average handset sale price, due to larger sales of advanced 3G handsets in the first quarter of 2008.

Cost of revenues for the first quarter of 2008 totaled NIS 879 million ($247 million), compared to NIS 784 million ($221 million) in the first quarter last year, an increase of 12.1%. The increase in cost of revenues primarily resulted from an increase in interconnect expenses due to increase in outgoing calls terminating in other operators' networks, as well as an increase in cost of content and value-added services due to increased usage. The increase also resulted from an increase in handset costs following the higher number of handsets sold during the first quarter of 2008, partially offset by increased efficiency in handset procurement.

Gross profit for the first quarter of 2008 totaled NIS 716 million ($202 million), a 9.5% increase compared to NIS 654 million ($184 million) in the first quarter of 2007. Gross profit margin for the first quarter 2008 declined to 44.9% from 45.5% in the first quarter last year, mainly due to the significant increase in handsets sales during the quarter compared to the first quarter last year, which produces lower margins.

Selling, Marketing, General and Administrative Expenses ("SG&A Expenses") for the first quarter of 2008 totaled NIS 310 million ($87 million), or 19.4% of total revenues, compared to NIS 308 million ($87 million), or 21.4% of total revenues, in the first quarter of 2007. The SG&A Expenses in the first quarter 2008 were mainly effected by an increase in salaries and related expenses resulting from the expansion of our workforce in the second half of 2007, as part of our strategy to constantly improve service level and customer satisfaction, as well as in preparation for the implementation of number portability. This increase was partially offset by a decrease in advertising expenses and in sales commissions, as we started to defer sales commissions, related to the acquisition and retention of subscribers bearing guaranteed revenues, and to recognize these commissions as intangible assets to be amortized over the expected life of such subscribers' guaranteed revenues, in the fourth quarter of 2007.

Operating income for the first quarter 2008 increased 22.2%, reaching NIS 424 million ($119 million), compared to NIS 347 million ($98 million) in the first quarter last year. Operating income reflects, among other things, one-time gains of approximately NIS 19 million, relating mainly to the sale of certain surplus underground pipes for fiber optic cables and the sale of a land plot in Modi'in, Israel.

EBITDA for the first quarter 2008 increased 11%, reaching NIS 593 million ($167 million), compared to NIS 534 million ($150 million) in the first quarter 2007. EBITDA as a percent of revenues, totaled to 37.2%, compared to 37.1% in the first quarter last year.

Finance Expenses, net for the first quarter 2008 totaled NIS 45 million ($13 million), compared to NIS 42 million ($12 million) in the first quarter last year, a 7.1% increase. This increase resulted mainly from an increase in interest and linkage expenses to the Israeli Consumer Price Index (CPI), associated with our debentures, following the increase in our debt level. This was partially offset by an increase in interest income relating to our short term deposits as well as an increase in income from foreign currency differences relating to trade payables balances due to a higher appreciation of the NIS against the US dollar in the first quarter of 2008 compared to the first quarter last year.

Net Income for the first quarter 2008 increased 31.3%, reaching NIS 273 million ($77 million), compared to NIS 208 million ($59 million) in the first quarter last year. Basic earnings per share for the first quarter 2008 totaled NIS 2.80 ($0.79), compared to NIS 2.13 ($0.60) in the first quarter 2007.

Operating Review

New Subscribers - at the end of March 2008 the Company had approximately 3.096 million subscribers. During the first quarter of 2008 the Company added approximately 23,000 net new subscribers (increase of approximately 33,000 post-paid subscribers and a decrease of approximately 10,000 pre-paid subscribers).

In the first quarter of 2008, the Company added approximately 104,000 net new 3G subscribers to its 3G subscriber base, reaching approximately 523,000 3G subscribers at the end of March 2008, representing 16.9% of the Company's total subscriber base.

The Churn Rate in the first quarter 2008 was 5.3%, compared to 3.8% in the first quarter last year. As expected and as experienced in other countries, the implementation of number portability increased the churn in the first quarter of 2008, and primarily consists from lower contribution pre-paid subscribers and subscribers with collection problems. The increase in the churn of pre-paid subscribers had a negligible impact on the Company's results.

Average monthly subscriber Minutes of Use ("MOU") in the first quarter 2008 totaled 351 minutes, compared to 341 minutes in the first quarter 2007, an increase of 2.9%.

The monthly Average Revenue per User (ARPU) for the first quarter 2008 decreased 0.7% and totaled NIS 145 ($40.8), compared to NIS 146 ($41.1) in the first quarter last year.

Financing and Investment Review Cash Flow

Free cash flow (Cash provided by operating activities, net of cash used in investing activities) for the first quarter of 2008 totaled NIS 78 million ($22 million), compared to NIS 267(3) million ($75 million) generated in the first quarter of 2007. The decrease in Free Cash Flow in the first quarter 2008 resulted mainly from the increase in the Company's expenses for preparation for number portability, which mainly include an increase in payments for handsets procurement and payroll expenses attributed to the increased workforce. The majority of these payments were finalized by the end of the first quarter 2008. At the beginning of the first quarter 2008, the Company also paid a one time catch up tax payment in the amount of NIS 70 million for 2007 accrued tax liability. The Company's stronger financial performance this quarter partially mitigated the impact these three exceptional items had on its Free Cash Flow.

Shareholders' Equity

Shareholders' Equity as of March 31, 2008 amounted to NIS 396 million ($111 million), primarily consisting of accumulated undistributed retained earnings.

Investment in Fixed Assets and Intangible Assets

During the first quarter 2008, the Company invested NIS 116 million ($33 million) in fixed assets and intangible assets (including, among others, deferred commissions and investments in information systems and software), compared to NIS 71 million ($20 million) in the first quarter 2007. The increase mainly relates to the deferral of commissions as of the fourth quarter 2007 and to the different timing of investments over the years compared.

Dividend

On May 14, 2008, the Company's board of directors declared a cash dividend in the amount of NIS 2.65 per share, and in the aggregate amount of approximately NIS 258 million (the equivalent of approximately $0.77 per share and approximately $75 million in the aggregate, based on the representative rate of exchange on May 13, 2008; The actual US$ amount for dividend paid in US$ will be converted from NIS based upon the representative rate of exchange published by the Bank of Israel on June 4, 2008), subject to withholding tax described below. The dividend will be payable to all of the Company's shareholders of record at the end of the trading day in the NYSE on May 27, 2008. The payment date will be June 10, 2008. According to the Israeli tax law, the Company will deduct at source 20% of the dividend amount payable to each shareholder, as aforesaid, subject to applicable exemptions. The dividend per share that the Company will pay for the first quarter of 2008 does not reflect the level of dividends that will be paid for future quarterly periods, which can change at any time in accordance with the Company's dividend policy. Dividend declaration is not guaranteed and is subject to the Company's board of directors' sole discretion, as detailed in the Company's annual report for the year ended December 31, 2007 on Form 20-F, under "Item 8 - Financial Information - Dividend Policy".

Financing Issuance of Debentures

In February 2008, the Company issued, in a private placement, additional debentures for a total principal amount of approximately NIS 574.8 million from its existing series C and D debentures, for a total consideration of approximately NIS 600 million. The debentures were listed for trading on the Tel Aviv Stock Exchange.

For additional details see the Company's annual report for the year ended December 31, 2007 on Form 20-F under "Item 5. Operating and Financial Review and Prospects - B. Liquidity and capital resources - Debt service - Public debentures".

Credit Facility Full Prepayment

In March 2008, the Company voluntarily prepaid the balance of outstanding amounts under its credit facility, in a principal amount of $140 million (comprising of $85 million denominated in US$ and approximately NIS 253 million denominated in NIS), following which, the credit facility was terminated.

For additional details see the Company's annual report for the year ended December 31, 2007 on Form 20-F under "Item 5. Operating and Financial Review and Prospects - B. Liquidity and Capital Resources - Debt Service - Credit facility from bank syndicate".

Other developments subsequent to balance sheet date

Site Licensing - As previously disclosed, the Company has relied upon an exemption from the requirement to obtain building permits in relation to cellular radio access devices. This exemption has been challenged in court and is currently under consideration in the court of appeals. In May 2008, subsequent to the balance sheet date, the Company was informed that the Israeli Attorney General opined that the exemption from the requirement to obtain building permits does apply to cellular radio access devices. The Company was further informed, however, that the General Attorney has also recommended that an inter-ministry committee be established to examine whether further application of the exemption to cellular devices is appropriate in light of changed circumstances since enactment of the exemption, and opined that failure to conclude the examination by the end of the year may effect the legal assessment of the exemption's reasonability.

For additional details see the Company's most recent annual report for the year ended December 31, 2007 on Form 20-F under "Item 3. Key Information - D. Risk Factors - Risks related to our business - We may not be able to obtain permits to construct cell sites" as well as under Item 4. Information on the Company - B. Business Overview - Government Regulations - Permits for Cell site Construction - Site Licensing".

Conference Call Details

The Company will be hosting a conference call on Wednesday, May 14, 2008 at 08:30 am EDT, 03:30 pm Israel time, and 01:30 pm UK time. On the call, management will review and discuss the results, and will be available to answer questions. To participate, please either access the live webcast on the Company's website, or call one of the following teleconferencing numbers below. Please begin placing your calls at least 10 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

US Dial-in Number: 1-888-668-9141 UK Dial-in Number: 0-800-917-5108 Israel Dial-in Number: 03-918-0691 International Dial-in Number: +972-3-918-0691 at: 08:30 am Eastern Time; 05:30 am Pacific Time; 1:30 pm UK Time; 3:30 pm Israel Time

To access the live webcast of the conference call, please access the investor relations section of Cellcom Israel's website: http://investors.ircellcom.co.il/events.cfm. After the call, a replay of the call will be available under the same investor relations section.

About Cellcom Israel

Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular provider; Cellcom Israel provides its approximately 3.096 million subscribers (as at March 31, 2008) with a broad range of value added services including cellular and landline telephony, roaming services for tourists in Israel and for its subscribers abroad and additional services in the areas of music, video, mobile office etc., based on Cellcom Israel's technologically advanced infrastructure. The Company operates an HSPA 3.5 Generation network enabling the fastest high speed content transmission available in the world, in addition to GSM/GPRS/EDGE and TDMA networks. Cellcom Israel offers Israel's broadest and largest customer service infrastructure including telephone customer service centers, retail stores, and service and sale centers, distributed nationwide. Through its broad customer service network Cellcom Israel offers its customers technical support, account information, direct to the door parcel services, internet and fax services, dedicated centers for the hearing impaired, etc. In April 2006 Cellcom Israel, through Cellcom Fixed Line Communications L.P., a limited partnership wholly-owned by Cellcom Israel, became the first cellular operator to be granted a special general license for the provision of landline telephone communication services in Israel, in addition to data communication services. Cellcom Israel's shares are traded both on the New York Stock Exchange (CEL) and the Tel Aviv Stock Exchange (CEL). For additional information please visit the Company's website http://investors.ircellcom.co.il/

Forward-Looking Statements

The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial results, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: changes to the terms of our license, new legislation or decisions by the regulator affecting our operations, the outcome of legal proceedings to which we are a party, particularly class action lawsuits, our ability to maintain or obtain permits to construct and operate cell sites, and other risks and uncertainties detailed from time to time in our filings with the U.S. Securities and Exchange Commission, including under the caption "Risk Factors" in our Annual Report for the year ended December 31, 2007.

Although we believe the expectations reflected in the forward-looking statements contained herein are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. We assume no duty to update any of these forward-looking statements after the date hereof to conform our prior statements to actual results or revised expectations, except as otherwise required by law.

This is the first time the Company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS). Unless noted specifically otherwise, the dollar denominated figures were converted to US$ using a convenience translation based on the US$\New Israeli Shekel (NIS) conversion rate of NIS 3.553 = US$1 as published by the Bank of Israel on March 31, 2008.

Use of non-GAAP financial measures

EBITDA is a non-GAAP measure and is defined as income before financial income (expenses), net; other income (expenses), net; income tax; depreciation and amortization. This is an accepted measure in the communications industry. The Company presents this measure as an additional performance measure as the Company believes that it enables us to compare operating performance between periods and companies, net of any potential differences which may result from differences in capital structure, taxes, age of fixed assets and related depreciation expenses. EBITDA should not be considered in isolation, or as a substitute for operating income, any other performance measures, or cash flow data, which were prepared in accordance with Generally Accepted Accounting Principles as measures of profitability or liquidity. EBITDA does not take into account debt service requirements, or other commitments, including capital expenditures, and therefore, does not necessarily indicate the amounts that may be available for the Company's use. In addition, EBITDA may not be comparable to similarly titled measures reported by other companies, due to differences in the way these measures are calculated. See the reconciliation between the net income and the EBITDA presented at the end of this Press Release.

Free cash flow is a non-GAAP measure and is defined as the net cash provided by operating activities minus the net cash used in investing activities. See the reconciliation note at the end of this Press Release.

Financial Tables Follow Cellcom Israel Ltd. (An Israeli Corporation) Condensed Consolidated Balance Sheets Convenience translation into US dollar March 31, March 31, March 31, December 31, 2008 2008 2007 2007 NIS millions US$ millions NIS millions NIS millions (Unaudited) (Unaudited) (Unaudited) (Audited) Current assets Cash and cash equivalents 826 232 225 911 Trade receivables,net 1,438 405 1,274 1,385 Other receivables, including derivatives 125 35 95 96 Inventory 236 67 137 245 Total current assets 2,625 739 1,731 2,637 Long-term receivables 579 163 545 575 Property, plant and equipment, net 2,265 637 2,430 2,335 Intangible assets, net 681 192 679 685 Total assets 6,150 1,731 5,385 6,232 Current liabilities Short-term credit 280 79 121 353 Trade payables and accrued expenses 709 199 671 953 Current tax liabilities 49 14 145 122 Provisions 91 26 81 91 Other current including liabilities, derivatives 341 96 318 384 Dividend declared 700 197 - - Total current liabilities 2,170 611 1,336 1,903 Long-term liabilities Long-term loans from banks - - 1,076 343 Debentures 3,425 964 1,989 2,983 Provisions 14 4 13 14 Other long term liabilities 2 1 2 3 Deferred taxes 143 40 152 149 Total non-current liabilities 3,584 1,009 3,232 3,492 Total liabilities 5,754 1,620 4,568 5,395 Shareholders' equity Share capital 1 - 1 1 Capital reserves (51) (14) (23) (33) Retained earnings 446 125 839 869 Total shareholders' equity 396 111 817 837 Total liabilities and shareholders' equity 6,150 1,731 5,385 6,232 Cellcom Israel Ltd. (An Israeli Corporation) Condensed Consolidated Statements of Income Three- month period ended Year ended March 31, December 31, Convenience translation into US dollar 2008 2008 2007 2007 NIS millions US$ NIS millions NIS millions millions (Unaudited) (Unaudited) (Unaudited) (Audited) Revenues 1,595 449 1,438 6,050 Cost of revenues 879 247 784 3,377 Gross profit 716 202 654 2,673 Selling and marketing expenses 156 44 149 685 General and administrative expenses 154 43 159 653 Other (income) expenses (18) (5) (1) 3 Operating income 424 120 347 1,332 Financing expenses (107) (30) (55) (287) Financing income 62 17 13 140 Financing costs, (45) (13) (42) (147) net Income before 379 107 305 1,185 income tax Income tax 106 30 97 310 Net income 273 77 208 875 Earnings per share Basic earnings per share (in NIS) 2.80 0.79 2.13 8.97 Diluted earnings per share (in NIS) 2.76 0.78 2.13 8.89 Weighted average number of shares used in the calculation of basic earnings per share (in thousands) 97,505 97,505 97,500 97,500 Weighted average number of shares used in the calculation of diluted earnings per share (in thousands) 98,887 98,887 97,500 98,441 Cellcom Israel Ltd. (An Israeli Corporation) Condensed Consolidated Statements of Cash Flows Three-month period ended Year ended December March 31, 31, Convenience translation into US dollar 2008 2008 2007 2007 US$ NIS NIS millions millions NIS millions millions (Unaudited) (Unaudited) (Unaudited) (Audited) Cash flow from operating activities Net income for the period 273 77 208 875 Adjustments to reconcile net income to funds generated from operations: Depreciation and amortization 187 52 188 775 Reversal of provision allowance - - - (10) Loss (Gain) from sale of assets (18) (5) 1 4 Income tax expenses 06 30 97 310 Financial costs, net 45 13 42 147 Equity setteled share based payments transaction 4 1 11 29 Changes in operating assets and liabilities: Changes in inventories 9 3 (6) (114) Changes in trade receivables (including long-term amounts) (87) (25) (19) (99) Changes in other receivables and debits (including long-term amounts) (9) (3) (21) (24) Changes in trade payables (including long-term amounts) (177) (50) (16) 188 Changes in other payables and credits (including long-term amounts) 18 5 24 30 Income tax paid (161) (45) (69) (313) Net cash provided by operating activities 190 53 440 1,798 Cash flows from investing activities Acquisition of property, plant, and equipment (118) (33) (153) (466) Acquisition of intangible assets (54) (15) (22) (97) Proceeds from sales of assets 50 14 1 4 Interest received from investments 10 3 1 23 Investment in long-term deposit - - - (12) Net cash provided by investing activities (112) (31) (173) (548) Cellcom Israel Ltd. (An Israeli Corporation) Condensed Consolidated Statements of Cash Flows (cont'd) Three-month period ended Year ended December March 31, 31, Convenience translation into US dollar 2008 2008 2007 2007 NIS US$ NIS NIS millions millions millions millions (Unaudited) (Unaudited) (Unaudited) (Audited) Cash flows from financing activities Payment of long-term loans from banks (648) (182) - (645) Proceeds from issuance of debentures, net 589 166 - 1,066 Cash dividend paid (16) (5) - (639) Interest paid (88) (25) (98) (177) Net cash provided by financing activities (163) (46) (98) (395) Changes in cash and cash equivalents (85) (24) 169 855 Balance of cash and cash equivalents at beginning of the period 911 256 56 56 Balance of cash and cash equivalents at end of the period 826 232 225 911 Appendix - Non-cash investing and financing activities Three-month period ended Year ended March 31, December 31, Convenience translation into US dollar 2008 2008 2007 2007 NIS US$ millions millions NIS millions NIS millions (Unaudited) (Unaudited) (Unaudited) (Audited) Acquisition of property, plant and equipment and intangible assets on credit 87 25 54 216 Tax withheld regarding cash dividend - - - 16 Cellcom Israel Ltd. (An Israeli Corporation) Reconciliation for Non-GAAP Measures EBITDA The following is a reconciliation of net income to EBITDA: Year ended Three-month period ended December 31, March 31, Convenience translation into US dollar 2008 2008 2007 2007 NIS US$ NIS NIS millions millions millions millions (Unaudited) (Unaudited) (Unaudited) (Audited) Net income............. 273 77 208 875 Income taxes........... 106 30 97 310 Financing income....... (62) (17) (13) (140) Financing expenses..... 107 30 55 287 Other expenses (income) (18) (5) (1) 3 Depreciation and amortization.......... 187 52 188 775 EBITDA................ 593 167 534 2,110 Free Cash Flow The following table shows the calculation of free cash flow: Year ended Three-month period ended December 31, March 31, Convenience translation into US dollar 2008 2008 2007 2007 NIS US$ NIS NIS millions millions millions millions (Unaudited) (Unaudited) (Unaudited) (Audited) Cash flows from operating activities.......190 53 * 440 * 1,798 Cash flows from investing activities......(112) (31) * (173) * (548) Free Cash Flow............. 78 22 267 1,250

* Restated due to the new presentation of Statements of Cash Flows in accordance with International Financial Reporting Standards (IFRS), following the Company's adoption of IFRS as of January 1, 2008.

(1) Please view "Use of Non-GAAP financial measures" section at the end of this press release.

(2) In order to estimate the Company's market share, the Company was required to estimate the number of subscribers of two additional Israeli cellular operators - Pelephone Communications Ltd. ("Pelephone") and Mirs Communications Ltd. ("Mirs"), as at March 31, 2008, since Pelephone has not yet published this information, and Mirs does not publish this information

(3) Restated due to the new presentation of Statements of Cash Flows in accordance with International Financial Reporting Standards (IFRS), following the Company's adoption of IFRS as of January 1, 2008.

Company Contact Investor Relations Contact Shiri Israeli Ehud Helft / Ed Job Investor Relations Coordinator CCGK Investor Relations investors@cellcom.co.il ehud@gkir.com / ed.job@ccgir.com Tel: +972-52-998-9755 Tel: (US) +1-866-704-6710 / +1-646-213-1914

Cellcom Israel Ltd.

CONTACT: Company Contact: Shiri Israeli, Investor Relations
Coordinator, investors@cellcom.co.il, Tel: +972-52-998-9755; Investor
Relations Contact: Ehud Helft / Ed Job, CCGK Investor Relations,
ehud@gkir.com / ed.job@ccgir.com, Tel: (US) +1-866-704-6710 / +1-646-213-1914

Allot Communications Announces First Quarter 2008 Results

HOD HASHARON, Israel, May 14 /PRNewswire-FirstCall/ -- Allot Communications Ltd. , a leader in IP service optimization solutions based on deep packet inspection (DPI) technology, today announced financial results for the first quarter ended March 31, 2008.

Total revenues for the first quarter of 2008 were $8.3 million, similar to the revenues reported in the first quarter of 2007, and a 5% decrease from the $8.7 million revenues reported for the fourth quarter of 2007. On a GAAP basis, net loss for the first quarter of 2008 was $4.8 million, or $0.22 per share (basic and diluted), as compared with a net loss of $0.4 million, or $0.02 per share (basic and diluted), in the first quarter of 2007, and a net loss of $6.7 million, or $0.31 per share (basic and diluted), for the fourth quarter of 2007. The net loss and earnings per share for the fourth quarter of 2007 reflect a reclassification of the previously announced devaluation of certain Auction Rate Securities (ARS) as described below in further detail.

On a non-GAAP basis, excluding the impact of share-based compensation expenses, the impact of expenses related to a law suit, the impact of amortization of intangible assets acquired from Esphion and the impact of impairment charges related to certain securities, non-GAAP net loss for the first quarter of 2008 totaled $1.9 million, or $0.09 per share (basic and diluted), as compared with a net loss of $112 thousand, or $0.00 per share (basic and diluted), for the first quarter of 2007. These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. A full reconciliation between non-GAAP and GAAP net loss is provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because management believes that they present a better measure of the Company's core business and management uses the non-GAAP measures internally to evaluate the Company's ongoing performance. Accordingly, the Company believes that they are useful to investors in enhancing an understanding of the Company's operating performance.

"During the quarter we achieved our goals of continued expansion of our global customer base and continued acceptance of the new Service Gateway," commented Rami Hadar, Allot's President and Chief Executive Officer. "We were pleased to see strong demand for our Service Gateway, which received Technology Marketing Corporation's (TMC(R)) Unified Communications Magazine 2007 Product of the Year Award. The product delivers DPI services with true 10Gb performance. Its open architecture has attracted the attention of current and potential customers, as it offers a fully upgradeable platform which can also offer integrated value added services. During the quarter it made a meaningful contribution to our revenues, and we expect it to continue to be one of our main growth drivers during 2008 and beyond," concluded Hadar.

During the quarter the Company achieved the following milestones:

- Continued successful deployment of Service Gateway - Omega at major carriers in Europe and the Asia-Pacific region;

- Completed the acquisition of the business of Esphion Ltd., a developer of network protection solutions for carriers and internet service providers, and it is anticipated that a unified solution will be released at the end of the second quarter of 2008; and

- Added two Tier 1 mobile carriers and several national carriers to its worldwide customer base.

On January 8, 2008, the Company closed the previously announced acquisition of Esphion. Under the terms of the agreement, the Company paid a total of $3.9 million in cash for the purchase of Esphion's assets as well as for related expenses.

As of March 31, 2008, the Company's cash and cash equivalents, including short and long-term deposits and investments in marketable securities, totaled $63.2 million of which $33.2 million were ARS. Since the announcement of our results for the fourth quarter and full year of 2007, the credit and capital markets have further deteriorated and reflected continued uncertainty. Recent external valuations showed a further devaluation of the majority of our ARS portfolio. As a result, the Company recorded an impairment charge of $2.2 million in its profit and loss statement, in respect of ARS the devaluation of which is considered "other than temporary."

In addition, based upon recent valuations and market trends, the Company reclassified the devaluation of certain ARS for the fourth quarter and the full year of 2007 reflected in the Company's previous earnings release dated February 12, 2008, as "other than temporary." This reclassification resulted in an additional impairment charge of $1.2 million in the Company's profit and loss statement for the fourth quarter and the full year of 2007. Accordingly, on a GAAP basis, net loss for the fourth quarter of 2007 was $6.7 million instead of the previously reported $5.5 million, or $0.31 per share (basic and diluted) instead of the previously reported $0.25 per share (basic and diluted). On a GAAP basis, net loss in 2007 totaled $9.9 million instead of the previously reported $8.7 million, or $0.46 per share (basic and diluted) instead of the previously reported $0.41 per share (basic and diluted). This reclassification has no impact on the non-GAAP net loss and earnings per share previously reported for the fourth quarter and full year of 2007.

The ARS held by the Company are subject to the risks and uncertainties regarding market conditions, liquidity, impairment and ratings as previously reported by the Company. The Company believes that based on its current cash, cash equivalents and marketable securities balances at March 31, 2008 and expected operating cash flows, the current lack of liquidity of these securities will not have a material impact on the Company's liquidity, cash flow or its ability to fund its operations.

Conference Call & Webcast

The Company's management team plans to host a live conference call and webcast today, May 14, 2008, at 8:30 AM EST to discuss the financial results as well as management's outlook for the business.

To access the conference call, please dial one of the following numbers: US: 1-866-966-5335, International: +44-20-3003-2666, Israel: 1-809-216-213.

A replay of the conference call will be available from 12:01 am EST on May 15, 2008 through June 14, 2008 at 11:59 pm EST. To access the replay, please dial: +44-20-8196-1998, access code: 650204#

A live webcast of the conference call can be accessed on the Allot Communications website at http://www.allot.com/. The webcast will also be archived on the website following the conference call.

About Allot Communications

Allot Communications Ltd. is a leading provider of intelligent IP service optimization solutions for DSL, wireless and mobile broadband carriers, service providers, and enterprises. Allot's rich portfolio of hardware platforms and software applications utilizes deep packet inspection (DPI) technology to transform broadband pipes into smart networks that can rapidly and efficiently deploy value added Internet services. Allot's scalable, carrier-grade solutions provide the visibility, security, application control and subscriber management that are vital to managing Internet service delivery, guaranteeing quality of experience (QoE), containing operating costs, and maximizing revenue in broadband networks. For more information, visit http://www.allot.com/.

Safe Harbor Statement

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Company's plans, objectives and expectations for future operations, including the anticipation for the release of a unified solution of the Service Gateway - Omega and the Esphion solution at the end of the second quarter, the expectation that revenues from the Services Gateway will continue to be one of the Company's main growth drivers during 2008 and beyond, and the Company's belief that based on its current cash, cash equivalents and marketable securities balances and expected operating cash flows, the current lack of liquidity of the ARS will not have a material impact on its liquidity, cash flow or its ability to fund its operations. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: the possibility of further deterioration in the credit and capital markets or additional ratings downgrades of investments in the Company's portfolio (including on ARS) resulting in the Company incurring additional impairments to its investment portfolio; changes in general economic and business conditions and, specifically, a decline in demand for the Company's products; the Company's inability to timely integrate the Esphion solution into the Service Gateway or develop and introduce new technologies, products and applications; loss of market; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

TABLE - 1 ALLOT COMMUNICATIONS LTD. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except share and per share data) Three Months Ended March 31, 2008 2007 (Unaudited) Revenues $ 8,259 $ 8,276 Cost of revenues 2,142 1,974 Gross profit 6,117 6,302 Operating expenses: Research and development costs, net 3,097 2,453 Sales and marketing 5,044 4,194 General and administrative 1,499 1,043 In-process research and development 244 - Total Operating expenses 9,884 7,690 Operating loss (3,767) (1,388) Financial and other income (expenses), net (1,015) 957 Loss before income tax expenses (4,782) (431) Income tax expenses 31 3 Net loss (4,813) (434) Basic net loss per share ($0.22) ($0.02) Diluted net loss per share ($0.22) ($0.02) Weighted average number of shares used in computing basic net loss per share 22,026,771 21,009,705 Weighted average number of shares used in computing diluted net loss per share 22,026,771 21,009,705 TABLE - 2 ALLOT COMMUNICATIONS LTD. AND ITS SUBSIDIARIES RECONCILATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except per share data) Three Months Ended March 31, 2008 2007 (Unaudited) GAAP net loss as reported $ (4,813) $ (434) Non-GAAP adjustments: Cost of revenues Expenses recorded for stock-based compensation 14 11 Core technology amortization 28 - 42 11 Research and development costs, net Expenses recorded for stock-based compensation 75 50 Sales and marketing Expenses recorded for stock-based compensation 128 119 General and administrative Expenses recorded for stock-based compensation 208 142 Expenses related to a law suit 21 - 229 142 In-process research and development 244 - Total adjustments to operating loss 718 322 Financial and other income (expenses), net Impairment of auction rate securities 2,150 - Total adjustments 2,868 322 Non-GAAP net loss (1,945) (112) Non- GAAP basic and diluted loss per share ($0.09) ($0.00) TABLE - 3 ALLOT COMMUNICATIONS LTD. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (U.S. dollars in thousands) March 31, December 31, 2008 2007 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 23,938 $ 28,101 Marketable securities and short term deposits 6,062 7,305 Trade receivables 6,103 6,122* Other receivables and prepaid expenses 4,580 3,915 Inventories 4,196 4,789 Total current assets 44,879 50,232 LONG-TERM ASSETS: Marketable securities 33,185 35,371 Severance pay fund 3,571 3,302 Other assets 1,175 1,169 Total long-term assets 37,931 39,842 PROPERTY AND EQUIPMENT, NET 4,883 4,619 GOODWILL AND INTANGIBLE ASSETS, NET 3,791 239 Total assets 91,484 94,932 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables $ 3,340 $ 3,409 Deferred revenues 3,929 3,968* Other payables and accrued expenses 6,364 5,791 Total current liabilities 13,633 13,168 LONG-TERM LIABILITIES: Deferred revenues 1,464 1,404* Accrued severance pay 3,523 3,175 Total long-term liabilities 4,987 4,579 SHAREHOLDERS' EQUITY 72,864 77,185 Total liabilities and shareholders' equity 91,484 94,932 * reclassified Investor Relations Contact: Doron Arazi Chief Financial Officer International access code +972-9-761-9203 darazi@allot.com

Allot Communications Ltd

CONTACT: Investor Relations Contact: Doron Arazi, Chief Financial
Officer, International access code +972-9-761-9203, darazi@allot.com

VanceInfo Ranked Number One Chinese Offshore Software Development Vendor in North American and European Markets

BEIJING, May 14 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. , an IT service provider and one of the leading offshore software development companies in China, today announced that VanceInfo has been ranked number one among Chinese offshore software development vendors for North American and European markets as measured by 2007 revenues, according to International Data Corporation ("IDC").

IDC is a global provider of market intelligence for the information technology, telecommunications, and consumer technology markets. In its latest sector study, IDC anticipates that the Chinese offshore software development market will reach approximately US$8.95 billion in offshore software development services revenues in 2012 with a five-year compound annual growth rate (CAGR) of 35.3%. Furthermore, the projected five-year CAGR for Europe and North America markets is 44.7%. In 2009, Europe and North America will replace Japan and Korea as the largest import region providing revenues for Chinese offshore outsourcers.

Mr. Chris Chen, Chief Executive Officer of VanceInfo Technologies, stated, "IDC's recent report ranking us as the top Chinese offshore software development company for North American and European markets recognizes what we have achieved and is rewarding for all of us here at VanceInfo. This report, together with our listing as the first Chinese outsourcing company on the New York Stock Exchange, clearly demonstrates that we have been one of the leading players in the industry. I look forward to achieving many more "firsts" in the coming years. Once again, I would like to thank everyone here at VanceInfo for all the hard work and contributions that have made these achievements possible."

About VanceInfo

VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange. The Company ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2007 revenues, according to International Data Corporation (IDC). VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, and globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution.

Safe Harbor

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, should, expects, anticipates, future, intends, plans, believes, estimates, and similar statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Further information regarding these and other risks is included in VanceInfo's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. This press release also contains estimates, projections and statistical data related to the IT services market in several countries, including China. This market data, including data from IDC, a leading independent market research firm, speaks as of the date it was published and includes projections that are based on a number of assumptions and are not representations of fact. The IT services market may not grow at the rates projected by the market data, or at all. The failure of the market to grow at the projected rates may materially and adversely affect our business and the market price of our ADSs. All information provided in this press release and in the attachments is as of May 14, 2008, and VanceInfo does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact: Melissa Ning Director, Investor Relations VanceInfo Technologies Inc. Tel: +86-10-8282-5330 Email: ir@vanceinfo.com Tip Fleming Christensen Tel: +852-9212-0684 Email: tfleming@ChristensenIR.com Peter Homstaad Christensen Tel: +1-480-614-3026 Email: phomstad@christensenIR.com Media contact: Jeffery Liu Manager, Marketing Tel: +86-10-82825266 x8673 Email: jeffery_liu@vanceinfo.com

VanceInfo Technologies Inc.

CONTACT: Melissa Ning, Director, Investor Relations, VanceInfo
Technologies Inc., +86-10-8282-5330, or ir@vanceinfo.com; Tip Fleming of
Christensen, +852-9212-0684, or tfleming@ChristensenIR.com; Peter Homstaad of
Christensen, +1-480-614-3026, or phomstad@christensenIR.com; Media contact,
Jeffery Liu, Manager, Marketing, +86-10-82825266 x8673, or
jeffery_liu@vanceinfo.com, all for VanceInfo Technologies Inc.

SCM Microsystems Reports First Quarter 2008 Results

FREMONT, Calif., May 14 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. , a leading provider of solutions that open the Digital World, today announced results for the first quarter ended March 31, 2008.

Revenue from continuing operations in the first quarter of 2008 was $6.5 million, down 24% from revenue of $8.5 million in the first quarter of 2007. The decrease was primarily due to a significant reduction in sales of smart card readers for U.S. government authentication programs in the first quarter of 2008, as a result of slower than expected project deployment schedules and overall weaker demand from this market. By product segment, first quarter 2008 PC Security revenue was $5.0 million, reflecting sales of smart card readers and other products for secure network and physical access, down 30% from $7.1 million in the first quarter of 2007. Digital Media Reader revenue was $1.5 million, reflecting sales of OEM digital media reader technology, up 7% from $1.4 million in the year ago quarter.

Gross margin in the first quarter of 2008 was 42%, compared with gross margin of 44% in the first quarter of 2007. The decrease in gross margin was due primarily to lower revenue levels in the first quarter of 2008 as described above.

Operating expenses in the first quarter of 2008, as determined in accordance with GAAP, were $4.7 million, an increase of 22% from operating expenses of $3.9 million in the first quarter of 2007, which included amortization of intangibles of $0.2 million. Higher operating expenses in the first quarter of 2008 primarily reflect the recent addition of sales resources in Latin America, Asia, Europe and the U.S. to increase the Company's ability to address current and future business opportunities, as well as increased spending on new product development.

Operating loss for the first quarter of 2008, as determined in accordance with GAAP, was $(2.0) million, compared with operating loss of $(114,000) in the year ago quarter.

Earnings before interest, taxes, depreciation and amortization (EBITDA) in the first quarter of 2008 was $(1.7) million, compared with EBITDA of $40,000 in the first quarter of 2007. (See reconciliation of EBITDA to GAAP accounting contained within this press release.)

As determined in accordance with GAAP, loss from continuing operations in the first quarter of 2008 was $(1.6) million, or $(0.10) per share, compared with income from continuing operations of $134,000, or $0.01 per share, in the first quarter of 2007.

Cash and cash equivalents at March 31, 2008 were $28.7 million, compared with $32.4 million at December 31, 2007.

"As we said last quarter, achieving sustainable growth in our business will take time and dedicated focus," said Felix Marx, Chief Executive Officer of SCM Microsystems. "Our growth strategy is based on expanding our sales into new geographic markets and on diversifying and growing our customer base. We have made progress in these areas during the last few months, adding sales resources and launching marketing programs that leverage our existing products to target the government and enterprise sectors in Latin America and Asia, and the photo kiosk markets in Asia and Europe. We have also initiated business development activities aimed at penetrating the worldwide financial services and enterprise markets with new contactless reader products. Building on our core strengths of experience and innovation, we aim to become a significant supplier of Near Field Communication and other contactless reader technology for fast growing global markets such as electronic and mobile payments. We introduced the first of our new products in April, an NFC Dongle that enables a variety of contactless applications using mobile electronic devices."

Guidance for 2008

For full fiscal year 2008, despite the results of the first quarter, the Company still expects to achieve revenue growth between 25% and 35% compared to fiscal 2007, which would result in total revenues of $38 million to $41 million for the year. The Company's projections of revenue growth are based on the release of new products currently being prepared for release or under development, which are scheduled to be released beginning in the second half of 2008. The Company further expects base operating expenses of approximately $20 million in 2008, including anticipated further investments in sales resources and development activities to address growth initiatives. Within these ranges, the Company currently expects to record both operating and net profit from continuing operations for the full 2008 fiscal year.

Additional Information

SCM does not plan to hold a conference call or webcast to discuss the results of its 2008 first quarter. For more information on SCM's first quarter results, please see the Company's Quarterly Report on Form 10-Q for quarter ended March 31, 2008, filed with the U.S. Securities and Exchange Commission.

About SCM Microsystems

SCM Microsystems is a leading provider of solutions that open the Digital World by enabling people to conveniently access digital content and services. The company develops, markets and sells the industry's broadest range of smart card reader technology for secure PC, network and physical access and digital media readers for transfer of digital content to OEM customers in the government, financial, enterprise, consumer electronics and photographic equipment markets worldwide. Global headquarters are in Ismaning, Germany. For additional information, visit the SCM Microsystems web site at http://www.scmmicro.com/.

NOTE: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include, without limitation, our statements contained above regarding our expectations for the Company's fiscal year 2008, including specifically our statements regarding our expectations that we will achieve annual revenue growth of 25% to 35% in fiscal 2008, based on sales of new products in the second half of 2008; that our operating expenses will be approximately $20 million for fiscal 2008 as a whole; that we will record operating and net profit for the full year 2008; and the statements by Felix Marx, including that we will become a significant supplier of Near Field Communication and other contactless reader technology for global markets. These statements are subject to risks and uncertainties which may cause actual results to differ materially from those contemplated herein. Our financial results may not meet expectations. Some of the risks and uncertainties that could cause our actual business and operating results to differ include, but are not limited to, our ability to grow revenues based on a strategy of expanding our sales into new geographic markets and on diversifying and growing our customer base; our ability to successfully develop and introduce new products, particularly contactless reader products, that satisfy the evolving and increasingly complex requirements of customers; sales to a relatively small number of customers historically have accounted for a significant percentage of our revenues; the markets in which we participate or target may not grow, converge or standardize at anticipated rates or at all, including the government and enterprise security markets that we are targeting; we may not successfully compete in the markets in which we participate or target; competitors could take market share or create pricing pressure; and our operating expenses may not be at levels that support profitability. For a discussion of further risks and uncertainties related to our business, please refer to our public company reports, including our Annual Report on Form 10-K for the year ended December 31, 2007 and subsequent reports, filed with the U.S. Securities and Exchange Commission.

All trade names are trademarks or registered trademarks of their respective holders.

- FINANCIALS FOLLOW - SCM MICROSYSTEMS, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Three months ended March 31, 2008 2007 Net revenue $6,464 $8,457 Cost of revenue 3,781 4,717 Gross margin 2,683 3,740 Operating expenses: Research and development 1,035 720 Sales and marketing 2,161 1,559 General and administrative 1,503 1,400 Amortization of intangible assets -- 175 Total operating expenses 4,699 3,854 Loss from operations (2,016) (114) Interest and other income, net 493 308 Income (loss) from continuing operations before income taxes (1,523) 194 Provision for income taxes (47) (60) Income (loss) from continuing operations (1,570) 134 Loss from discontinued operations, net of income taxes (125) (17) Gain on sale of discontinued operations, net of income taxes 13 23 Net income (loss) $(1,682) $140 Income (loss) per share from continuing operations: Basis and diluted $(0.10) $0.01 Loss per share from discontinued operations: Basic and diluted $(0.01) -- Net income (loss) per share: Basic and diluted $(0.11) $0.01 Shares used in computing income (loss) per share: Basic 15,741 15,700 Diluted 15,741 15,742 SCM MICROSYSTEMS, INC. Reconciliation of EBITDA Calculation to GAAP Accounting (in thousands) (unaudited) Three Months Ended March 31, 2008 2007 EBITDA $(1,737) $40 Interest income 295 398 (Provision) benefit for income taxes (47) (60) Depreciation and amortization (81) (244) Net income (loss) from continuing operations $(1,570) $134

We conduct a significant amount of our business in Europe, we are dually traded on the U.S. Nasdaq Global Market and the Prime Standard of the Frankfurt exchange and the majority of our investors are German-based. In addition, our corporate headquarters are in Germany. Based on these factors, we have determined that EBITDA is a relevant measure of performance for our company, as it is a metric commonly used among companies doing business in Europe and is therefore a helpful tool for communicating our performance to our investors and analysts and for comparisons to other companies in Europe and within our industry.

EBITDA should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with accounting principles generally accepted in the United States ("GAAP"). While we believe that EBITDA, as defined above, is useful within the context described above, it is in fact incomplete and not a measure that should be used to evaluate the full performance of the Company or its prospects. Such evaluation needs to consider all of the complexities associated with our business including, but not limited to, how past actions are affecting current results and how they may affect future results, how we have chosen to finance the business and how regulations and the other aforementioned items affect the final amounts that are or will be available to shareholders as a return on their investment. Net income determined in accordance with U.S. GAAP is the most complete measure available today to evaluate all elements of our performance. Similarly, our Consolidated Statement of Cash Flows, as presented in our most recent filings with the Securities and Exchange Commission, provide the full accounting for how we have decided to use resources provided to us from our customers, lenders and shareholders.

SCM MICROSYSTEMS, INC. Condensed Consolidated Balance Sheets (in thousands) (unaudited) March 31, December 31, ASSETS 2008 2007 Current assets: Cash, cash equivalents and short-term investments $28,654 $32,444 Accounts receivable, net 9,263 8,638 Inventories 4,104 2,738 Other current assets 2,002 1,455 Total current assets 44,023 45,275 Property, equipment and other assets, net 3,379 3,289 Total assets $47,402 $48,564 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $2,907 $3,063 Accrued expenses and other current liabilities 8,380 8,185 Total current liabilities 11,287 11,248 Long-term income taxes payable 205 200 Deferred tax liability 87 77 Stockholders' equity 35,823 37,039 Total liabilities and stockholders' equity $47,402 $48,564

SCM Microsystems, Inc.

CONTACT: Stephan Rohaly, Chief Financial Officer, +49 89 95 95 5101,
srohaly@scmmicro.de, or Darby Dye, Investor Relations-US, +1-510-249-4883,
ddye@scmmicro.com, both of SCM Microsystems, Inc.

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

Independent Research Firm Recognises Verizon Business as a Leader for European WAN Services

READING, England, May 14 /PRNewswire/ --

- Leaders Have Best Overall Combination of Current Offering and Strategy

Verizon Business has been recognised as a leading provider of European-wide-area-network (WAN) services in an April 2008 Forrester Research report.

The report, "Forrester Wave(TM): European WAN Services, Q2 2008," recognised Verizon Business as "a great all-round performer. Verizon Business has coverage in 30 countries, a strong product portfolio, leading SLAs (service-level agreements), the best e-portal, and top customer satisfaction scores."

The report also cited Verizon Business as "the leading non-European provider of European WAN services," "a leading proponent of Ethernet services and integrated access," and "a leader in the provision of network-based IT services." The company also "gained a top score for fixed access options, and it has top tier operations and management capabilities to support multinational corporations' European WAN requirements."

"This recognition reflects the strength of the Verizon Business offer," said Mike Marcellin, Verizon Business vice president of product marketing. "The product offerings highlighted in this report -- Ethernet, managed services, security, VoIP solutions as well as our flagship WAN service, Verizon Private IP -- are used extensively by many of our global customers as secure and scalable communications solutions for their business-critical needs."

"Ease of access to the corporate network is absolutely business-critical for our customers, particularly as they transition to an all-IP environment to streamline their global business communications," Marcellin said. "We are continuing to invest in our network, solutions and services to ensure we support our customers' evolving business needs, and this recognition demonstrates the success of our approach."

Using 62 criteria, Forrester surveyed 12 European MPLS (multiprotocol label switching)-based, WAN-service providers. Companies chosen by Forrester for evaluation all have European market stature, market momentum and commitment to MPLS as a foundation technology.

Verizon Private IP, Verizon Business' flagship WAN service, is a network-based, virtual private network (VPN) that enables customers to effectively communicate over a secure network. The service also provides the foundation for automating business processes between companies, including e-commerce, and shared intranets and extranets. Based on MPLS technology, Verizon Private IP offers customers scalable and flexible network connections with integrated performance and traffic-management capabilities.

About Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a global IP leader and network-based partner for delivering integrated communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed reach with managed services, security, mobility, collaboration and professional services capabilities, Verizon Business delivers global solutions that power innovation and enable its customers to do business better. For more information, visit www.verizonbusiness.com.

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

Verizon Business

Clare Ward, of Verizon Business, +44-118-905-3501, clare.ward@verizonbusiness.com /Company News On-Call: http://www.prnewswire.com/comp/618232.html

European Environment Agency and Microsoft Launch Alliance to Create Pioneering Environmental Observatory

PORTOROZ, Slovenia, May 14 /PRNewswire/ --

- Microsoft is helping the EEA to inform Europeans on changes to environmental conditions in real time - and empowering citizens to play their part in data gathering.

Today, the European Environment Agency (EEA) and Microsoft Corp announced a new five-year alliance to develop a world-leading online portal, bringing environmental information to more than 500 million citizens across Europe. The alliance with Microsoft is among the first steps in the EEA's broader vision and strategy to build a Global Observatory for Environmental Change. The Observatory will be a readily available resource for experts, policy-makers and individuals -- and will allow citizens to submit local data -- delivering an ever-more detailed, accurate and up-to-date picture of environmental conditions throughout Europe.

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

Reliable and timely information is vital for making informed personal and policy decisions relating to the fight against climate change and adverse environmental conditions. By improving the availability of information, the EEA aims to better enable policy-makers and citizens to make decisions about the environment and their impact on it. As well as enhancing the availability and presentation of data, the observatory will augment data collection, allowing citizens and non-governmental organisations to play a greater role in gathering environmental information from across the continent. It could also evolve to include real-time satellite information for emergency relief services, as well as for other environmental operations. Microsoft is providing development services to help the EEA extend the focus on important environmental factors that include air, ozone and water quality information.

"To sustain the improvements in the environment made over the past few decades, everyone needs to be involved and understand the consequences and impact of their actions," said Professor Jacqueline McGlade, executive director of the EEA. "The only way to do this is by reaching out to the widest audience. This collaboration with Microsoft is a groundbreaking approach to bring environmental information to as many people as possible."

Environmental sustainability is a longstanding commitment at Microsoft and involves working with groups that have a global perspective and reach, including the EEA. The Observatory project will help further that commitment to improve social and environmental conditions across Europe and promote responsible environmental practices across a range of industries and regions.

"Global partnerships with organisations, such as the EEA, to address environmental issues worldwide represent one key area of Microsoft's overall environmental sustainability strategy," said Jan Muehlfeit, chairman, Microsoft Europe. "Combating climate change is a critical challenge facing all governments, and Microsoft is honoured to be working with the EEA to find ways where the power of software can be part of the solution."

The EEA and Microsoft are developing an internet portal offering access to information by location and allowing for search criteria based on local environmental monitoring agencies. The data will be updated in real time in a comprehensive manner. Users will also be able to access the information through Windows Live and MSN.

"Microsoft continues to explore ways to help solve environmental issues through technology leadership and innovation, and global partnerships. Our collaboration with the EEA is one example of this commitment," said Rob Bernard, chief environmental strategist for Microsoft. "We believe that the combination of real-time information coming from the network of sensors coupled with the analytical and visualization power of software will provide the EEA with a better understanding of our environment. We are excited and honoured to be partnering with the EEA in helping drive global change for the environment."

The alliance between the EEA and Microsoft is part of a broader effort to empower all European citizens by giving them up-to-date information, allowing them to take appropriate action when necessary.

About the European Environment Agency

The European Environment Agency is the EU body dedicated to providing sound, independent information on the environment. The agency aims to achieve significant and measurable improvements in Europe's environment through the provision of timely, targeted, relevant and reliable information to policy-makers and the public.

To find out more about the EEA, visit: http://www.eea.europa.eu.

About Microsoft

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

About Microsoft EMEA (Europe, Middle East and Africa)

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

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

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

Microsoft Corp

Gulcin Karadeniz of EEA, +45-23-68-36-53, gulcin.karadeniz@eea.europa.edu; or Jeff Sharpe, +44-207-632-3800, jeffs@waggeneredstrom.com, or Microsoft EMEA Response Centre, emearesponse@waggeneredstrom.com, both of Waggener Edstrom Worldwide for Microsoft Corp ; NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages. ; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

L'Agence européenne pour l'environnement et Microsoft lancent une alliance pour créer un observatoire de l'environnement d'avant-garde

PORTOROZ, Slovénie, May 14 /PRNewswire/ --

- Microsoft aide l'AEE à informer les Européens en temps réel sur les changements des conditions climatiques et permet aux citoyens d'avoir un rôle dans la collecte des données.

L'Agence européenne pour l'environnement (AEE) et Microsoft Corp ont annoncé aujourd'hui une nouvelle alliance quinquennale portant sur le développement d'un portail en ligne, unique au monde, qui apportera des informations environnementales à plus de 500 millions de citoyens européens. L'alliance avec Microsoft fait partie des premières étapes de la vision et de la stratégie globales de l'AEE, qui a pour objectif de mettre en place un observatoire mondial des changements climatiques. Cet observatoire constituera une ressource aisément disponible pour les experts, les décideurs politiques et les citoyens -- et il permettra à ces derniers d'y apporter des données locales -- offrant ainsi une image plus détaillée, précise et à jour que jamais des conditions environnementales de l'ensemble de l'Europe.

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

Des informations fiables et à jour sont cruciales pour prendre des décisions personnelles et gouvernementales éclairées concernant la lutte contre le changement climatique et les conditions environnementales hostiles. En améliorant la disponibilité des informations, l'AEE a pour objectif d'aider les décideurs politiques et les citoyens à prendre de meilleures décisions concernant l'environnement et l'impact qu'ils ont sur ce dernier. Outre l'amélioration de la disponibilité et de la présentation des données, l'observatoire accroîtra la collecte des données, permettant ainsi aux citoyens et aux organisations non gouvernementales de jouer un rôle plus important dans la collecte d'informations environnementales sur tout le continent. Le projet pourrait également évoluer et même comprendre des informations satellitaires en temps réel pour les services de secours ainsi que pour d'autres opérations environnementales. Microsoft fournit des services de développement qui permettront à l'AEE de mettre encore plus l'emphase sur d'importants facteurs environnementaux comprenant des informations sur la qualité de l'air, de l'ozone et de l'eau.

<< Pour soutenir les améliorations de l'environnement atteintes ces dix ou vingt dernières années, tout le monde doit s'impliquer et comprendre les conséquences et l'impact qu'ont nos actions >>, a déclaré le professeur Jacqueline McGlade, directrice générale de l'AEE. << La seule façon d'y parvenir, c'est en nous touchant le plus grand public possible. Cette collaboration avec Microsoft est une approche révolutionnaire permettant d'apporter des informations environnementales à autant de personnes que possible. >>

La durabilité de l'environnement est un engagement de longue date chez Microsoft et elle comprend la collaboration avec des groupes possédant une perspective et une portée mondiales, notamment l'AEE. Le projet d'observatoire permettra d'approfondir l'engagement de Microsoft pour l'amélioration des conditions sociales et environnementales partout en Europe et pour la promotion de pratiques environnementales responsables de toute une série d'industries et de régions.

<< Des partenariats mondiaux avec des organismes tels que l'AEE avec pour but de s'attaquer à des problèmes environnementaux dans le monde entier représentent un domaine clé de la stratégie globale de durabilité environnementale de Microsoft >>, a indiqué Jan Muehlfeit, président de Microsoft Europe. << La lutte contre les changements climatiques est un défi capital auquel sont confrontés tous les gouvernements. Microsoft est honorée de collaborer avec l'AEE afin de trouver des techniques dans lesquelles la puissance des logiciels peut faire partie de la solution. >>

L'AEE et Microsoft sont en train de développer un portail Internet offrant un accès aux informations par localité et permettant d'effectuer des recherches en fonction de critères se basant sur les agences de surveillance de l'environnement locales. Les données seront mises à jour en temps réel et de façon complète. Les utilisateurs auront également accès aux informations à partir de Windows Live et MSN.

<< Microsoft continue d'explorer des avenues permettant de résoudre les problèmes environnementaux grâce à un leadership technologique, à l'innovation et aux partenariats mondiaux. Notre collaboration avec l'AEE est un exemple de cet engagement >>, a déclaré Rob Bernard, chef stratégiste de l'environnement chez Microsoft. << Nous pensons que les informations en temps réel provenant du réseau de capteurs associées à la puissance d'analyse et de visualisation des logiciels donnera à l'AEE une meilleure compréhension de notre environnement. Nous sommes très heureux et honorés de ce partenariat avec l'AEE, qui contribuera à la maîtrise de l'environnement au niveau mondial. >>

L'alliance entre l'AEE et Microsoft s'inscrit dans le cadre d'un effort plus conséquent visant à responsabiliser les citoyens européens en leur fournissant des informations à jour leur permettant de prendre des mesures appropriées le cas échéant.

A propos de l'Agence européenne pour l'environnement

L'Agence européenne pour l'environnement est un organisme de l'UE se consacrant à la fourniture d'informations sur l'environnement sûres et indépendantes. L'agence entend atteindre des améliorations importantes et mesurables de l'environnement européen en fournissant aux législateurs et au public des informations à jour, ciblées, pertinentes et fiables.

Pour en savoir plus sur l'AEE, consultez http://www.eea.europa.eu.

A propos de Microsoft

Fondée en 1975, Microsoft (Nasdaq : MSFT) est le leader mondial des logiciels, services et solutions qui aident les personnes et les entreprises à atteindre leur plein potentiel.

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

Microsoft travaille dans l'EMEA depuis 1982. Microsoft emploie dans la région plus de 16 000 personnes au sein de plus de 64 filiales fournissant ainsi ses produits et services dans plus de 139 pays et territoires.

Ce document est exclusivement fourni à titre indicatif. Microsoft Corp décline toutes garanties et conditions concernant l'utilisation de ce document à d'autres fins. Microsoft Corp ne pourra, à aucun moment, être tenue responsable pour tout dommage spécial, direct, indirect ou consécutif, que ce soit dans l'action d'un contrat, d'une négligence ou de toute autre action provenant ou liée à l'utilisation ou à la performance du document. Rien de ce qui est mentionné ci-dessus ne constitue une garantie de quelque nature que ce soit.

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

Microsoft Corp

Gulcin Karadeniz de l'AEE, +45-23-68-36-53, gulcin.karadeniz@eea.europa.edu ; ou Jeff Sharpe, +44-207-632-3800, jeffs@waggeneredstrom.com, ou Microsoft EMEA Response Centre, emearesponse@waggeneredstrom.com, tous deux de chez Waggener Edstrom Worldwide pour le compte de Microsoft Corp ; REMARQUE À L'INTENTION DES JOURNALISTES : Si vous souhaitez lire plus d'informations sur Microsoft EMEA, veuillez consulter http://www.microsoft.com/emea ou le centre de presse EMEA au http://www.microsoft.com/emea/presscentre. Les liens hypertextes, numéros de téléphone et les titres étaient corrects lors de la publication mais ont pu changer depuis. Pour de l'aide, les journalistes et les analystes peuvent contacter les contacts appropriés indiqués à http://www.microsoft.com/emea/presscentre/contactus.mspx. Si vous voulez en savoir plus sur Microsoft Corp, consultez la page Web de Microsoft au http://www.microsoft.com/presspass, les pages d'informations officielles de Microsoft. ; Photo : NewsCom : http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, Archive AP : http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

Artprice.com T1 en progression. Lancement de la place de marché Design

PARIS, May 14 /PRNewswire/ --

Chiffre d'affaires en Keuros 1T2008 1T2007 Variation en % Internet 1 343 1 207 +11 Edition 6 25 -76 Indices et autres prestations 70 47 +49 Télématique 4 7 -43 Total 1er Trimestre 1 423 1 286 +11

Artprice afin d'accroître sa masse d'abonnés a lancé en début d'année 2008, en partenariat avec Paypal et les opérateurs bancaires, des abonnements mensuels à durée indéterminée. Cette option marketing qu'Artprice peut se permettre de mettre en place, compte tenu de sa trésorerie, améliore fortement les taux de renouvellement de ses clients. Le chiffre d'affaires T1 en croissance de 11% prend en compte le modèle de quasi gratuité mis en place spécifiquement pour la place de marché normalisée afin d'absorber progressivement le marché mondial des ventes de gré à gré ainsi que l'impact de l'abonnement payé mensuellement.

Artprice Catalogs Library(R), présentée officiellement lors du 36ème congrès de ARLIS (Art Library Society - Société des bibliothèques d'Art) North America à Denver (1-5 mai 2008) a rencontré un vif enthousiasme auprès des membres de la toute puissante organisation qui regroupe plus de 1 100 institutions en Amérique du Nord, bibliothèques de musées et d'universités de cursus art prestigieux, telles que Harvard, University of Columbia, Frick Art Reference Library, Smithonian Institute, the New York Public Library etc...

Les contacts et accords pris lors du Congrès vont permettre à Artprice de pénétrer massivement le monde des Universités et Musées. Différentes campagnes de promotion ciblant toutes les entités ARLIS à travers le monde et également les associations professionnelles de bibliothèques de musées, d'universités et d'institutions d'art sont en cours pour vendre des licences multi-utilisateurs et imposer la banque Artprice Catalogs Library(R) comme la référence mondiale.

Ce 14 mai 2008 est lancée la place de marché normalisée consacrée au Design.

L'intégration progressive du Design dans les grandes foires d'art contemporain matérialise le lien naturel qui rapproche ces deux univers.

Tout comme l'art, la cote design est structurée par une information normalisée, avec au premier niveau, le créateur et au second, les éditeurs. Artprice a intégré les grands noms du design dans ses banques de données normalisées. Grâce à ses modules de recherche avancée et l'accès commenté aux reproductions des catalogues de ventes, Artprice offre enfin la première banque de données de cotation du design et des arts décoratifs du XXème siècle, notamment par ses BDD propriétaires de milliers de catalogues de ventes de Design. Ainsi, les amateurs et professionnels peuvent accéder en quelques clicks à un fonds d'archives extrêmement riche dans lequel sont référencées par nos historiens d'art toutes les pièces du Design présentées en salles des ventes, avec leur descriptif et leur reproduction. Des canons du Design aux pièces les plus rares, chacun peut désormais bénéficier d'une information réservée jusque là aux initiés. Tout comme Artprice l'a réalisé sur le marché de l'art, Artprice démocratise désormais l'information réservée jusqu'à présent à quelques experts du Design. Déjà plus de 150 professionnels du Design notoirement connus ont un Artprice Store pour présenter leur plus belles pièces de Carlo Mollino, Jean Prouvé ou Charlotte Perriand.

Source: (c) http://www.artprice.com 1987-2008 thierry Ehrmann

Artprice est le leader mondial des banques de données sur la cotation et les indices de l'art avec plus de 25 millions d'indices et résultats de ventes couvrant 405 000 artistes. Artprice Images(R) permet un accès illimité au plus grand fonds du marché de l'art au monde, bibliothèque constituée de 290 000 catalogues de ventes d'art et ouvrages de référence de 1700 à nos jours. Artprice enrichit en permanence ses banques de données en provenance de 2 900 Maisons de ventes et publie en continu les tendances du marché de l'art pour les principales agences et titres financiers dans le monde. Artprice diffuse auprès de ses 1 300 000 membres (member log in), ses annonces normalisées, qui constituent désormais la première place de marché mondiale pour acheter et vendre des oeuvres d'Art (source Artprice). Artprice est cotée sur Eurolist by Euronext Paris : Euroclear: 7478 - Bloomberg : PRC Reuters : ARTF Artprice.com.

Contact : Josette Mey - Service actionnaires, Numéro de fax : +33(0)4-78-22-06-06 - e-mail: ir@artprice.com .

Artprice.com

Contact : Josette Mey - Service actionnaires, Numéro de fax : +33(0)4-78-22-06-06 - e-mail: ir@artprice.com .

Exercises With Stock Options of Nokia Corporation

ESPOO, Finland, May 14 /PRNewswire-FirstCall/ -- Nokia Corporation

Stock exchange release May 14, 2008 at 8.30 (CET+1)

Based on Nokia's 2003 and 2005 employee stock option plans, 221 819 shares of Nokia Corporation were subscribed for between April 1, 2008 and May 7, 2008 and between January 2, 2008 and March 31, 2008 2 518 692 shares as previously announced. The total amount of subscription prices will be recorded in the fund for invested non-restricted equity.

The new shares carry full shareholder rights as from the registration date, May 14, 2008. The shares are admitted to public trading on the OMX Nordic Exchange Helsinki as of the same date together with the old Nokia share class (NOK1V).

After the registration, the total number of shares is 3 800 142 555, including the shares held by the company.

http://www.nokia.com/

Nokia Corporation

CONTACT: Media enquiries: Nokia, Communications, Tel: +358-7180-34900,
Email: press.services@nokia.com

Telekom Austria Group: Q1 08 Driven by Consolidation of MDC and Strong International Contribution

VIENNA, Austria, May 14 /PRNewswire-FirstCall/ -- - Both segments contribute to revenue growth of 9.9% to EUR 1,259.6 million

- EBITDA grows by 4.7% to EUR 498.6 million driven by strong mobile operations and consolidation of MDC

- Mobile communication subscriber base rises by 50.2% to 15.9 million customers

- Fixed Net access line loss halved to 32,400, broadband net adds increase by 138.9%

- Fixed Net broadband lines increase by 13.3% to 817,600 - Outlook for full year 2008 reiterated

- Proposal of at least stable dividend per share of 75 cents planned for 2008

Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the first quarter 2008 ending March 31, 2008.

Revenues increased by 9.9% to EUR 1,259.6 million in 1Q 08 compared to 1Q 07 driven by the consolidation of MDC and eTel as well as by the strong performance of international operations. EBITDA grew by 4.7% to EUR 498.6 million mainly due to the consolidation of MDC and higher contributions from the established mobile communication operations.

Operating income increased by 1.5% to EUR 215.2 million despite higher depreciation and amortization expenses due to the contribution of acquisitions and start-up operations.

Net income decreased by 11.9% to EUR 129.7 million during 1Q 08 mainly due to higher interest expenses following the acquisition of MDC. Earnings per share decreased by 8.4% to EUR 0.29 as a lower average number of outstanding shares as a consequence of treasury shares acquired in 2007 partly compensated for lower net income.

Capital expenditures for tangible and intangible assets decreased by 4.6% to EUR 159.6 in 1Q 08 due to lower intangible capital expenditures in Mobile Communication. The acquisition of a licence for the Republic of Macedonia for EUR 10.0 million was included in 1Q 07 which more than offset the increase in intangible capital expenditures in Fixed Net. Tangible capital expenditures remained stable.

In line with the focus on deleveraging net debt decreased by 3.8% to EUR 4,237.8 million at the end of March 2008 compared to the end of December 2007. Therefore, net debt to EBITDA (last 12 months) decreased from 2.4x to 2.3x.

For more detailed information about the first quarter 2008 please refer to the corresponding report on Telekom Austria Group's website at http://www.telekomaustria.com/interim_reports

Contacts: Elisabeth Mattes Group Spokeswoman Phone: +43-664-331-2730 E-Mail: elisabeth.mattes@telekom.at Peter Zydek Head of Investor Relations Phone: +43(0)59059-1-19000 E-Mail: peter.zydek@telekom.at

Telekom Austria Group

CONTACT: Contacts: Elisabeth Mattes, Group Spokeswoman, Phone:
+43-664-331-2730, E-Mail: elisabeth.mattes@telekom.at; Peter Zydek, Head of
Investor Relations, Phone: +43(0)59059-1-19000, E-Mail:
peter.zydek@telekom.at

ILOG Tapped for Destination z Mainframe ProgramILOG Also Tapped for IBM's ISV Advantage Program

SUNNYVALE, Calif. and PARIS, May 14 /PRNewswire-FirstCall/ -- ILOG(R) (Nasdaq: ILOG; Euronext: ILO, ISIN: FR0004042364) today announced a strengthening of its long-standing technology and business alliance with IBM(R). ILOG has been selected for IBM's Destination z Alliance Program, which aims to accelerate legacy modernization initiatives for IBM z-series customers. ILOG has also been tapped for IBM's ISV Advantage program for small-to-medium-sized businesses (SMB).

IBM Destination z is a community organization which is focused on accelerating the modernization of customers' information technology environments to more efficiently operate their businesses. In response to increased demand for System z(R)-based decision management, ILOG recently introduced ILOG Rules for COBOL(R), which allows IBM customers to leverage the processing power of IBM System z for both new application development and for fitting rule-based decision management into existing ILOG Rules for COBOL applications.

By joining IBM's ISV Advantage program for the SMB market, ILOG's business rule management system (BRMS) and optimization solutions will be promoted as part of IBM's portfolio of leading e-business SMB solutions in the Insurance, Banking, Capital Markets, Healthcare, and Public Sector areas. Many of these solutions already incorporate ILOG JRules(R), used in concert with IBM's service-oriented architecture (SOA) frameworks, including WebSphere(R) Business Services Fabric, WebSphere Process Server, and IBM ECM, and implemented by IBM Global Business Services. With these joint offerings, organizations can more safely manage business change in applications such as insurance policy underwriting, loan origination, claims adjudication and border security. The SMB market represents a large, diverse market with enormous IT opportunity. According to IBM, the SMB market comprises companies with 1-999 employees.

ILOG is also a Premier level partner within the IBM PartnerWorld(R) program. According to IBM, Premier level membership is for IBM business partners that make a very significant investment in IBM products and technologies.

About ILOG

ILOG delivers software and services that empower customers to make better decisions faster and manage change and complexity. Over 3,000 corporations and more than 465 leading software vendors rely on ILOG's market-leading business rule management system (BRMS), supply chain planning and scheduling applications as well as its optimization and visualization software components, to achieve dramatic returns on investment, create market-defining products and services, and sharpen their competitive edge. ILOG was founded in 1987 and employs more than 850 people worldwide. For more information, please visit http://www.ilog.com/.

ILOG, ILOG JRules and ILOG Rules for COBOL are registered trademarks of ILOG S.A. and ILOG, Inc. All other company and product names are trademarks of their respective owners.

ILOG

CONTACT: Monika Raj of ILOG, +1-408-991-7128, mraj@ilog.com

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

China Information Security Announces Strong First Quarter 2008 Results

SHENZHEN, China, May 13 /Xinhua-PRNewswire-FirstCall/ -- China Information Security Technology, Inc. (BULLETIN BOARD: CIFS) ("China Information Security," "CIST" or the "Company"), a leading provider of Information Security and 3S (Geographic Information System -- GIS, Remote Sensing -- RS, and Global Positioning System -- GPS) services in China, today announced strong financial results for the first quarter ended March 31, 2008.

First Quarter 2008 Highlights On GAAP basis, -- Revenues increased to $14.4 million, from $3.0 million -- Gross profit rose to $6.1 million, from $2.8 million -- Operating income increased to $3.7 million, from $2.5 million -- Net income grew 67.3% to $3.6 million, or $0.08 per basic and diluted share On a non-GAAP basis*, -- Revenues increased 180% year over year to $14.4 million, from $5.1 million -- Gross profit rose 91% year over year to $6.1 million, representing a 42% gross margin -- Operating income, rose 65.5% to $4.1 million, with a 28.6% operating margin -- Net income grew 85.3% to $4.0 million, or $0.09 per basic and diluted share * includes the consolidation of iASPEC and excludes stock based compensation ("SBC")

"We are pleased to see such strong momentum in our operations in the first quarter, as we reaped the benefits of our expanded product portfolio and further geographic reach," commented Mr. Jiang Huai Lin, CEO of China Information Security. "At this point, we remain confident in achieving our financial goals for the year 2008. With the rapid expansion of our customer base and the successful integration of newly acquired businesses, we should be able to strengthen our competitive position and increase our market share."

During the quarter, the Company achieved the following milestones: -- Expanded the market to 14 provinces and provincial cities in China, including Guangdong, Chongqing, Tianjin, Jiangxi, Guangxi, Zhejiang, Shanghai, Yunnan, Fujian, Hainan, Liaoning, Shanxi, Sichuan and Macao -- Completed the acquisition of Bocom Multimedia Display Company Limited ("Bocom Multimedia") and its subsidiary, Bocom Technology, for approximately $18.0 million -- Approved the entry of iASPEC into a series of agreements to acquire 57% of the shares of Wuhan Wuda Geoinformatics Co., Ltd. ("Geo"), a leading provider of GIS software products and integrated solutions in China, for an aggregate purchase price of RMB49.5 million (approximately US$7.0 million) in cash -- Changed the Company's corporate name to China Information Security Technology, Inc., to reflect the Company's national scope of operations and planned expansion into the high-growth civil-use GIS market -- Filed the application to list the Company's common stock on the NASDAQ Global Market First Quarter 2008 Results On a non-GAAP basis*,

For the three months ended March 31, 2008, revenues grew 180% to $14.4 million, compared to $5.1 million in the same period of 2007. The increase was primarily due to the Company's market expansion, development of new product lines and procurement of several large-scale system integration projects. Financial results of ISDT and Bocom Technology were consolidated starting from November 1, 2007 and February 1, 2008, respectively. They contributed $3.0 million and $0.8 million to revenues for the three months ended March 31, 2008, respectively.

Gross profit for the first quarter of 2008 grew 91% year over year to $6.1 million, compared to the same period of 2007, representing a 42% gross margin. The Company's gross margin declined mainly due to higher costs for procured hardware and other subcontracting costs related to the implementation of several large-scale system integration projects.

Administrative expenses increased to $1.4 million in the first quarter of 2008, from $0.5 million in the same period last year. The increase was attributable to an increase in the Company's administrative staff and increased administrative costs due to the expansion of the Company's operations.

Selling expenses for the quarter ended March 31, 2008 were around $0.4 million and remained stable as a percentage of revenues.

Income from operations grew 65.5% to $4.1 million in the first quarter of 2008, representing an operating margin of 28.6%, as compared to $2.5 million and 48.4% in the same period of 2007. The improvement was a result of the strong increase in the Company's revenues. However, the operating margin declined due to higher costs for procured hardware and other subcontracting costs related to the implementation of several large-scale system integration projects, and increased operating expenses due to market expansion.

The Company's subsidiaries, IST, ISDT and Bocom Technology, and its VIE, iASPEC, are subject to EIT at a rate of 18% of assessable profits in 2008. In addition, IST is a Foreign Investment Enterprise engaged in the technology industry which entitles it to a two-year exemption from EIT followed by a 50% tax exemption for the next three years. Income tax expenses for the three months ended March 31, 2008 was $0.2 million.

Net income grew 85.3% to $4.0 million in the first quarter of 2008, or $0.09 per basic and diluted share, compared to $2.1 million during the same period of 2007.*

* includes the consolidation of iASPEC and excludes SBC. See Table 1 for a reconciliation of Net Income and EPS to exclude Stock Based Compensation Expense. Financial Condition

As of March 31, 2008, the Company had $23.6 million in cash and cash equivalents, total current assets of $58.1 million and total assets of $107.2 million. The Company's stockholders' equity increased to $80.3 million, from $74.0 million as of December 31, 2007.

Recent Developments (1) Corporate Governance

In April 2008, China Information Security established three committees -- audit, compensation and nominating to comply with all NASDAQ listing requirements. Mr. Sean Shao, CFO of NYSE listed Trina Solar, was retained as the independent director who will lead as Chairman of the Audit Committee.

(2) Completed Geo Acquisition

On April 1, 2008, iASPEC closed the acquisition of 57% of the total equity interest in Wuda Geoinformatics Co., Ltd. ("Geo"), a leading provider of GIS software products and integrated solutions in China.

(3) Reincorporation

In April 2008, China Public Security Technology ("CPST") merged into China Information Security Technology, Inc., a Nevada corporation, with CIST being the surviving corporation. The symbol for CIST's common stock on the OTC Bulletin Board has been changed to "CIFS.OB".

(4) iASPEC's Establishment of Two New Subsidiaries

On April 11, 2008, iASPEC established two subsidiaries in Shenzhen, PRC, Shenzhen iASPEC Information Security Technology, Co., Ltd. and Shenzhen iASPEC Intelligent Systems, Co., Ltd., each with registered paid-in capital of RMB5,000,000 (approximately $712,000). The two new subsidiaries are to be engaged in the provision of computer networks and intelligence control and security surveillance systems, as well as in the sale of computer hardware and software.

Outlook for 2008

The Company plans to leverage its strength and brand recognition in Guangdong Province in order to win business across China. The Company intends to manage its national operations from six centers located in Guangzhou, Beijing, Shanghai, Wuhan, Chongqing and Xi'an.

Management expects that the acquisitions of ISDT, Bocom Technology, and Geo will also accelerate the Company's geographic expansion, enhance its technological capabilities or competitive advantages, provide licensing and recurring revenue opportunities, and serve to fulfill its planned expansion into civil-use GIS markets. Furthermore, the Company expects to capitalize on its strong R&D capability and outstanding contract win ratio, to seize contract opportunities during Phase II of China's "Golden Shield Project" nationwide.

"The market for security information technology continues to increase at a very rapid rate," said Mr. Lin. "With our technological capabilities, diverse and growing range of products, high barriers to entry and dedicated employees, we believe that we are well positioned to execute on our business plan and to create long term value for our stockholders."

Fiscal Year 2008 Guidance

The Company is maintaining its 2008 financial guidance for pro forma revenues of $85 million, and pro forma net income of $27 million, which excludes any non-cash charges as a result of employee stock option grants in 2007 and 2008 and amortization of intangible assets associated with the recent acquisitions of ISDT, Bocom Technology and Geo.

* Table 1 Q108 Reconciliation of Net Income and EPS to Exclude Stock Based Compensation Expense of $383,965 Three Months Basic Diluted Ended March 31, EPS EPS 2008 Net Income $3,578,980 $0.08 $0.08 Stock Based Compensation ("SBC") 383,965 0.01 0.01 Net Income (without SBC) $3,962,945 $0.09 $0.09 Weighted Average Number of Shares 45,985,550 46,720,415 Non-GAAP Financial Measures

The Company uses non-GAAP financial measures in this press release due to the inclusion of financial information of iASPEC which is considered to be the Company's "Predecessor" for these purposes. Effective as of July 1, 2007, iASPEC became the Company's variable interest entity, or VIE, whose operation results began to be reflected in the financial data starting from July 1, 2007. Therefore, the accompanying financial data for the three months ended March 31, 2008, reflect the results of operations of CIST, its subsidiaries and its VIE, while the financial data for the three months ended March 31, 2007 only reflects the results of operations of CIST and its subsidiaries. We have provided non-GAAP financial measures through the reallocation of net related party revenues from iASPEC before it became a consolidated entity, which is not in accordance with US GAAP. The reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measure is provided in the following section. The Company's management believes that these non-GAAP financial measures are necessary because the abnormally high financial ratios calculated using GAAP would be misleading to investors and would not reflect the substance of the Company's performance.

About China Information Security Technology, Inc.

Through its wholly-owned Chinese subsidiary, China Information Security is focused on the development and implementation of large scale, high-tech information security and 3S ("Geographic Information System -- GIS, Remote Sensing -- RS, and Global Positioning System -- GPS") related projects. The Company provides a broad portfolio of fully integrated solutions and services, including security information technology (First Responder Coordination Platform, Intelligent Border Control System and Residence Card Information Management System), 3S (GIS, RS and GPS), and Product Sales and Services. Through its exclusive contractual arrangement with iASPEC Software Company Limited (iASPEC), China Information Security has the licenses to numerous registered and copyrighted software applications in China. In addition, iASPEC is considered the Company's variable interest entity, and its financial data and information is consolidated into the Company's accounts. To learn more about the Company, please visit the corporate website at http://www.cistchina.com/ .

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of China Information Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. 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 ( 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.

--FINANCIAL TABLES FOLLOW-- CHINA INFORMATION SECURITY TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF INCOME (NON-GAAP) THREE MONTHS ENDED MARCH 31, 2008 AND 2007 NON-GAAP THREE THREE THREE REALLOCATION MONTHS MONTHS MONTHS OF ENDED ENDED ENDED RELATED MARCH MARCH 31, MARCH 31, PARTY 31, 2008 2007 REVENUE 2007 REVENUE - THIRD PARTIES 14,404,426 1,213,318 3,932,251 5,145,569 REVENUE - RELATED PARTY -- 1,818,823 (1,818,823) -- TOTAL REVENUE 14,404,426 3,032,141 5,145,569 COST OF REVENUE (8,352,264) (210,712)(1,771,527)(1,982,239) GROSS PROFIT 6,052,162 2,821,429 3,163,330 ADMINISTRATIVE EXPENSES (1,752,735) (219,294) (282,794) (502,088) RESEARCH AND DEVELOPMENT EXPENSES (147,003) -- -- FEE TO iASPEC UNDER THE TURNKEY -- (45,000) (45,000) SELLING EXPENSES (417,703) (68,669) (59,107) (127,776) INCOME FROM OPERATIONS 3,734,721 2,488,466 2,488,466 OTHER INCOME, NET 69,401 7,525 7,525 INTEREST INCOME 26,603 20,304 20,304 MINORITY INTEREST (45,000) -- -- INCOME TAX EXPENSE (206,745) (377,444) (377,444) NET INCOME 3,578,980 2,138,851 2,138,851 WEIGHTED AVERAGE NUMBER OF SHARES BASIC 45,985,550 36,446,205 NA DILUTED 46,720,415 36,760,592 NA EARNINGS PER SHARE BASIC 0.08 0.06 NA DILUTED 0.08 0.06 NA CHINA INFORMATION SECURITY TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS MARCH 31, 2008 AND DECEMBER 31, 2007 MARCH 31, DECEMBER 31, 2008 2007 (UNAUDITED) (AUDITED) ASSETS CURRENT ASSETS Cash and cash equivalents $ 23,624,772 $ 19,755,182 Investment in marketable securities -- 14,966,752 Accounts receivable 21,142,354 11,721,306 Notes receivable 49,842 -- Advances to suppliers 4,984,145 1,791,440 Inventories 6,951,380 4,779,930 Other receivables 1,330,867 974,475 TOTAL CURRENT ASSETS 58,083,360 53,989,085 Deposit for business acquisition 7,049,073 8,989,022 Property and equipment 14,075,360 13,826,896 Intangible assets 9,305,274 4,894,397 Goodwill 18,701,923 7,154,395 TOTAL ASSETS $ 107,214,990 $ 88,853,795 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 3,987,497 $ 3,079,304 Advances from customers 1,460,301 394,383 Income tax payable 724,797 326,026 Other payables and accrued expenses 1,625,030 987,483 Acquisition consideration payable 9,000,000 -- TOTAL CURRENT LIABILITIES 16,797,625 4,787,196 MINORITY INTEREST 10,105,657 10,060,657 STOCKHOLDERS' EQUITY Common stock, par $0.01; Authorized capital, 75,000,000 shares; Shares issued and outstanding (March 31, 2008 and December 31,2007: 45,639,396 shares) 190,891 190,891 Additional paid-in capital 57,805,115 57,421,150 Reserve 1,755,552 1,755,552 Retained earnings 16,749,529 13,170,549 Accumulated other comprehensive income 3,810,621 1,467,800 TOTAL STOCKHOLDERS' EQUITY 80,311,708 74,005,942 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 107,214,990 88,853,795 CHINA INFORMATION SECURITY TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2008 AND 2007 MARCH 31, MARCH 31, 2008 2007 OPERATING ACTIVITIES Net income $ 3,578,980 $ 2,138,851 Adjustments to reconcile net income to net cash provided from operation: Depreciation 657,678 31,657 Amortization of intangible assets 217,854 -- Stock-based compensation 383,965 -- Minority interest 45,000 -- Changes in operating assets and liabilities, net of effects of business acquisition: Increase in inventories (590,698) -- Increase in accounts receivable (5,648,740) (12,596) Increase in related party receivable -- (1,774,640) Increase in prepaid related party expenses -- (5,386,997) Decrease in other receivables and deposits (2,738,826) -- Decrease in accounts payable (303,819) -- Decrease in advances from customers (1,024,711) -- Increase (decrease) in other payables and accrued expenses 439,039 (23,974) Increase in income tax payable 70,142 343,608 Net cash used in operating activities (4,914,136) (4,684,091) INVESTING ACTIVITIES Cash acquired from Bocom** 713,793 -- Deposits paid for acquisition of Geo (6,909,279) -- Repayments from third parties -- 332,479 Advances to related parties -- (250,001) Decrease in amount due from a director -- (251,365) Purchase of property and equipment (337,212) (3,646,823) Capitalized software development costs (67,292) -- Proceeds from sale of marketable securities 14,966,752 -- Net cash provided by (used in) investing activities 8,366,762 (3,815,710) FINANCING ACTIVITIES Advances received from (repaid to) a third party company -- (200,000) Proceeds from first private placement -- 13,311,211 Net cash provided by financing activities $ -- $ 13,111,211 NET INCREASE IN CASH AND CASH EQUIVALENTS $ 3,452,626 $ 4,611,410 EFFECT OF EXCHANGE RATE CHANGES ON CASH 416,964 10,962 CASH AND CASH EQUIVALENTS, BEGINNING 19,755,182 172,316 CASH AND CASH EQUIVALENTS, ENDING $ 23,624,772 $ 4,794,688 Supplemental disclosure of cash flow information Income taxes paid $ 136,805 $ 33,836 ** 1,125,000 shares of common stock were issued for the purchase price of Bocom Multimedia acquisition, approximately $9,000,000, on April 1,2008. For more information, please contact: Company Contact: Mr. Michael Lin Vice President, Investor Relations China Information Security Technology, Inc. Tel: +1-949-743-0868 Email: mlin@cistchina.com Investor Relations Contact: Mr. Crocker Coulson President CCG Elite Investor Relations Tel: +1-646-213-1915 (NY office) Email: crocker.coulson@ccgir.com Web: http://www.ccgelite.com/

China Information Security Technology, Inc.

CONTACT: Company Contact, Mr. Michael Lin, Vice President, Investor
Relations, China Information Security Technology, Inc., +1-949-743-0868, or
mlin@cistchina.com; Investor Relations Contact, Mr. Crocker Coulson, President
of CCG Elite Investor Relations, +1-646-213-1915 (NY office), or
crocker.coulson@ccgir.com, for China Information Security Technology, Inc.

Telekom Austria Group: Q1 08 Driven by Consolidation of MDC and Strong International Contribution

VIENNA, May 14 /PRNewswire/ --

- Both segments contribute to revenue growth of 9.9% to EUR 1,259.6 million

- EBITDA grows by 4.7% to EUR 498.6 million driven by strong mobile operations and consolidation of MDC

- Mobile communication subscriber base rises by 50.2% to 15.9 million customers

- Fixed Net access line loss halved to 32,400, broadband net adds increase by 138.9%

- Fixed Net broadband lines increase by 13.3% to 817,600

- Outlook for full year 2008 reiterated

- Proposal of at least stable dividend per share of 75 cents planned for 2008

Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the first quarter 2008 ending March 31, 2008.

Revenues increased by 9.9% to EUR 1,259.6 million in 1Q 08 compared to 1Q 07 driven by the consolidation of MDC and eTel as well as by the strong performance of international operations. EBITDA grew by 4.7% to EUR 498.6 million mainly due to the consolidation of MDC and higher contributions from the established mobile communication operations.

Operating income increased by 1.5% to EUR 215.2 million despite higher depreciation and amortization expenses due to the contribution of acquisitions and start-up operations.

Net income decreased by 11.9% to EUR 129.7 million during 1Q 08 mainly due to higher interest expenses following the acquisition of MDC. Earnings per share decreased by 8.4% to EUR 0.29 as a lower average number of outstanding shares as a consequence of treasury shares acquired in 2007 partly compensated for lower net income.

Capital expenditures for tangible and intangible assets decreased by 4.6% to EUR 159.6 in 1Q 08 due to lower intangible capital expenditures in Mobile Communication. The acquisition of a licence for the Republic of Macedonia for EUR 10.0 million was included in 1Q 07 which more than offset the increase in intangible capital expenditures in Fixed Net. Tangible capital expenditures remained stable.

In line with the focus on deleveraging net debt decreased by 3.8% to EUR 4,237.8 million at the end of March 2008 compared to the end of December 2007. Therefore, net debt to EBITDA (last 12 months) decreased from 2.4x to 2.3x.

For more detailed information about the first quarter 2008 please refer to the corresponding report on Telekom Austria Group's website at http://www.telekomaustria.com/interim_reports

Contacts: Elisabeth Mattes Group Spokeswoman Phone: +43-664-331-2730 E-Mail: elisabeth.mattes@telekom.at Peter Zydek Head of Investor Relations Phone: +43(0)59059-1-19000 E-Mail: peter.zydek@telekom.at

Telekom Austria Group

Contacts: Elisabeth Mattes, Group Spokeswoman, Phone: +43-664-331-2730, E-Mail: elisabeth.mattes@telekom.at; Peter Zydek, Head of Investor Relations, Phone: +43(0)59059-1-19000, E-Mail: peter.zydek@telekom.at

Dot Hill Systems Expands Partnership with UNIADEX to Support R/Evolution Storage SolutionsMaster Distributor Partnership in Japan Extends RAID Storage Provider's Worldwide Reach

CARLSBAD, Calif., May 13 /PRNewswire-FirstCall/ -- Dot Hill Systems Corp. , a market leader in providing flexible storage offerings and responsive service and support to OEMs and system integrators (SIs), announced today an expanded relationship with support and service provider UNIADEX Ltd., to deliver high-performance storage solutions to the Japanese market.

Under the terms of the new agreement, UNIADEX will market Dot Hill's line of RAID storage solutions, based on its R/Evolution(TM) (Rapid Evolution) architecture, to resellers and end-users through its locations throughout Japan. Enabling customers to rapidly customize storage solutions through a configure-to-product model, Dot Hill's product family includes the 2730 Fibre Channel offering, the 2330 iSCSI RAID array, the 2530 SAS RAID array, and Dot Hill's 5730 midrange Fibre Channel solution.

Dot Hill and UNIADEX have enjoyed a long-time partnership. Since 2003, UNIADEX has provided maintenance support for Dot Hill's family of SANnet II storage networking solutions, offering 24/7/365 comprehensive support for installation, preventive maintenance and spare parts management, under the guidance of highly trained and experienced engineers and support personnel from its ISO9001 certified facilities throughout the country.

"We're proud to now offer Dot Hill's innovative R/Evolution storage line," said Tsuneo Akai, senior corporate officer for UNIADEX. "UNIADEX continues to grow its storage solution business by providing high-performance, high-quality products to its partners and customer base, and we see the agreement with Dot Hill as key to reaching UNIADEX'S revenue goal of $40 million US by 2010."

"Dot Hill is pleased to continue its partnership with UNIADEX, which allows the company to provide the Japanese market with entry-level and midrange RAID offerings that deliver enterprise-class functionality combined with ease of management," said Dana Kammersgard, Dot Hill's president and chief executive officer.

About Dot Hill

Delivering innovative technology and global support, Dot Hill empowers the OEM community to bring unique storage solutions to market, quickly, easily and cost-effectively. Offering high performance and industry-leading uptime, Dot Hill's RAID technology is the foundation for best-in-class storage solutions offering enterprise-class security, availability and data protection. The company's products are in use today by the world's leading service and equipment providers, common carriers, advanced technology and telecommunications companies as well as government agencies. Dot Hill solutions are certified to meet rigorous industry standards and military specifications, as well as RoHS and WEEE international environmental standards. Headquartered in Carlsbad, Calif., Dot Hill has offices and/or representatives in China, Germany, Japan, United Kingdom and the United States. For more information, visit us at http://www.dothill.com/.

About UNIADEX

UNIADEX, Ltd. is a wholly owned subsidiary of Nihon Unisys, Ltd., and provides a comprehensive, optimized ICT environment based on customer needs including: planning, designing and developing network systems; operating and managing computer systems; providing maintenance services for both hardware and software; constructing ICT facilities; and reselling telecommunication lines. UNIADEX has more than 200 field service offices providing high quality, 24/7 service, certified by ISO9001, ISMS, and BS7799.

Certain statements contained in this press release regarding matters that are not historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include statements regarding Dot Hill's continued relationship with UNIADEX, and the success of that relationship. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. The risks that contribute to the uncertain nature of the forward-looking statements include: the fact that under the Agreement, UNIADEX, Ltd has the right to cancel orders, revise its product forecasts, or terminate the agreement; the fact that under the Agreement, UNIADEX is not required to purchase any specific amount of product, and UNIADEX has the right to determine the amount of product it purchases; changing customer preferences in the Open Systems computing market; and other unforeseen supply, technological, intellectual property or engineering issues. However, there are many other risks not listed here that may affect the future business of Dot Hill, as well as the forward-looking statements contained herein. To learn about such risks and uncertainties, you should read the risk factors set forth in Dot Hill's public filings with the SEC, including the Forms 8-K, 10-K and 10-Q most recently filed by Dot Hill. All forward-looking statements contained in this press release speak only as of the date on which they were made. Dot Hill undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Dot Hill Systems Corp.

CONTACT: Erin Lutz of Lutz PR, +1-949-293-1055, erinlutz@cox.net, for
Dot Hill Systems Corp.

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

United Steelworkers Ratify New Contract with OMNOVA Solutions' Jeannette, Pennsylvania Facility

FAIRLAWN, Ohio, May 13 /PRNewswire-FirstCall/ -- OMNOVA Solutions today announced that members of United Steelworkers Local 22L have ratified a new labor agreement covering the Company's Jeannette, Pennsylvania plant. A vote on the new three-year contract took place Saturday, May 10. The agreement will take full effect on September 2, 2008, the expiration date of the current contract. Certain provisions will be implemented as of May 12, 2008.

"The cooperative working relationship that exists today in Jeannette allowed early talks that resulted in a win-win for all involved," said Kevin McMullen, OMNOVA Solutions Chairman and CEO. "Hard work by the negotiating teams on both sides culminated in a fair agreement that continues to provide excellent jobs with very good wages and benefits for our union associates, while helping to secure a competitive position for the Jeannette plant in a very challenging marketplace."

The Jeannette, Pennsylvania facility is part of OMNOVA's Decorative Products business unit, with about 116 of its 150 employees represented by Local 22L. The plant produces industrial films and laminates used in a number of products, including awnings, signage, swimming pools, window shades, and floors and ceilings for manufactured housing.

OMNOVA Solutions is a technology-based company with proforma 2007 sales of $836 million and a current workforce of 2,810 employees worldwide. OMNOVA is an innovator of emulsion polymers, specialty chemicals, and decorative and functional surfaces for a variety of commercial, industrial and residential end uses. Visit OMNOVA Solutions on the internet at http://www.omnova.com/ .

OMNOVA Solutions

CONTACT: Communications: Sandi Noah, +1-330-461-0536, or
+1-330-869-4292, Investor Relations: Michael Hicks, +1-330-869-4411, both of
OMNOVA Solutions

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

L'interface utilisateur commune Microsoft Health mise à jour renforce l'efficacité clinique et la sécurité des patients

REDMOND, Washington, May 14 /PRNewswire/ --

- Les nouveautés comprennent la mise à jour de la plate-forme et un calendrier de lancement pour les développeurs.

Les développeurs du secteur des soins de santé pourront accroître la sécurité des patients et l'efficacité clinique grâce à la nouvelle version 1.3 de l'interface utilisateur commune (IUC) Microsoft Health, disponible aujourd'hui auprès de Microsoft Corp. En tant que portefeuille de conseils d'interface utilisateur, de commandes d'outils logiciels et de démonstrations de présentation, l'IUC Microsoft Health aide les développeurs de logiciels à créer des applications cliniques sûres et efficaces. Basées sur un jeu de principes de sécurité des patients, les instructions et commandes de l'IUC, disponibles sans frais, se concentrent sur la gestion de la médication, l'enregistrement des antécédents des patients, le transfert des soins, une expérience de navigation uniforme et l'identification des patients, ceux-ci étant tous des domaines de risques potentiels pour la sécurité des patients. La version 1.3 offre également un calendrier à 18 mois portant sur les sorties de produits et les mises à jour importantes, et utilise la technologie Microsoft Silverlight pour présenter les derniers démonstrateurs.

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

Développée en Angleterre en collaboration avec le National Health Service (NHS) et une communauté croissante de prestataires de soins de santé et de développeurs au niveau international qui utilisent aujourd'hui cette technologie, l'IUC est disponible pour tous les développeurs du secteur de la santé depuis juillet 2007. L'IUC permet aux vendeurs de logiciels et aux développeurs d'applications de créer des solutions qui répondent à leurs défis de développement spécifiques et de consacrer plus de temps à l'amélioration des soins des patients par le biais de nouvelles applications logicielles innovantes. Dans la version 1.3, l'IUC utilise notamment une nouvelle plate-forme technologique munie de commandes inédites, les exemples et les démonstrations étant maintenant développés spécialement pour Windows Presentation Foundation (WPF) et Silverlight. L'utilisation de ces plates-formes dans le cadre de l'IUC permet aux vendeurs de logiciels et aux développeurs d'applications d'offrir des interfaces utilisateur plus riches et plus flexibles pour des mises en oeuvre spécifiques aux soins de santé. Par ailleurs, un calendrier interactif de 18 mois portant sur les instructions de conception et les commandes est désormais disponible. Il est destiné aux développeurs de logiciels et d'applications qui souhaitent connaître les calendriers de mises à jour et les façons de participer à la communauté de l'IUC Microsoft Health.

<< Une présentation et une interface communes à tous les systèmes, quel que soit l'organisme, diminue le nombre d'erreurs, ce qui est d'autant plus important dans le secteur des soins de la santé, où la vie des patients est en jeu >>, a commenté Tim Smokoff, directeur général du secteur public international de la division Microsoft Healthcare and Life Sciences. << En partageant notre calendrier de lancement des 18 prochains mois, les développeurs pourront planifier les mises à jour de l'interface utilisateur commune Microsoft Health et, donc, mettre en place ces mises à jour plus rapidement et plus efficacement tout en réduisant la marge d'erreur et les problèmes potentiels. >>

Bénéfices potentiels pour les partenaires et les organismes de soins de santé

L'annonce publiée aujourd'hui par Microsoft traduit l'engagement soutenu de la société pour ce qui est de mettre à profit la puissance des logiciels afin de transformer l'industrie des soins de santé en une entité au service des patients, des prestataires et des professionnels de la santé. Les conseils de conception de l'IUC établissent des normes pour l'affichage et l'interaction des données cliniques clés dans les dossiers électroniques des patients, à savoir les médicaments et les informations cliniques et démographiques. Le jeu d'outils transforme les conseils de conception en des composants logiciels que les développeurs et les clients pourront déployer sur leurs propres applications cliniques, existantes ou futures, en réduisant les frais et les délais de commercialisation.

<< L'IUC Microsoft Health est une composante essentielle dans l'amélioration des délais de commercialisation des applications, la productivité clinique et la sécurité des patients dans l'industrie des soins de santé >>, a déclaré Roger Killen, directeur général de The Learning Clinic, une société de conseil britannique qui se consacre à l'amélioration des soins de santé. << En tant qu'organisme développant des applications de soins de santé, nous y voyons un outil de planification essentiel pour connaître la date des mises à jour d'une application aussi critique que l'IUC, et nous sommes heureux de bénéficier de ce calendrier. >>

Depuis le lancement de l'IUC en juillet dernier :

* Plus de 1 100 exemplaires individuels des instructions de l'interface utilisateur ont été publiés. * Plus de 120 000 visiteurs ont consulté le http://www.mscui.net. * Plus de 12 000 visiteurs ont téléchargé les documents individuels contenant des instructions. * Près de 7 000 utilisateurs ont téléchargé des commandes du jeu d'outils.

Microsoft se branche à la plate-forme de soins de santé

L'application de l'IUC est un élément important de la plate-forme de santé connectée (<< Connected Health Platform >>) et de la mise en oeuvre par Microsoft du modèle de conception et d'architecture du cadre de santé connecté (<< Connected Health Framework >>), un jeu indépendant de plates-formes d'outils et d'instructions de conception destiné à offrir des solutions d'architecture en matière de santé.

Pour obtenir de plus amples renseignements sur le téléchargement de l'IUC Microsoft Health, veuillez consulter le http://www.mscui.net. Pour obtenir de plus amples renseignements sur le cadre de santé connecté, veuillez consulter le http://www.microsoft.com/industry/healthcare/businessvalue/chframework.mspx.

À propos de Microsoft

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

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

Microsoft est présent dans la région EMEA depuis 1982. Dans cette région, Microsoft emploie plus de 16 000 personnes au sein de 64 filiales, fournissant des produits et des services dans plus de 139 pays et territoires.

Le présent document ne sert qu'à des fins d'information. Microsoft Corp rejette toutes les garanties et les conditions concernant l'utilisation du présent document à d'autres fins. Microsoft Corp ne pourra, à aucun moment, être tenue responsable des dommages directs, indirects, particuliers ou consécutifs, ayant été occasionnés au cours d'une action contractuelle, d'une négligence, ou de toute autre action découlant de l'utilisation du présent document, ou qui y est liée. Aucun des propos contenus dans le présent document ne peut être interprété comme une forme quelconque de garantie.

Sites Web : http://www.microsoft.com http://www.mscui.net

Microsoft Corp

Équipe de réponse rapide de Waggener Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com, pour Microsoft Corp ; ou Centre de réponse EMEA Microsoft, emearesponse@waggeneredstrom.com ; NOTE AUX RÉDACTEURS : Si vous désirez obtenir des informations supplémentaires sur Microsoft dans la zone EMEA, veuillez consulter http://www.microsoft.com/emea ou le centre de presse d'EMEA à l'adresse http://www.microsoft.com/emea/presscentre. Les liens hypertextes, les numéros de téléphone et les titres étaient corrects au moment de la publication, mais peuvent avoir changés depuis. Pour une assistance supplémentaire, les journalistes et les analystes peuvent contacter les personnes appropriées dont les coordonnés figurent à l'adresse http://www.microsoft.com/emea/presscentre/contactus.mspx. Si vous désirez obtenir des informations supplémentaires sur Microsoft Corp, veuillez visiter la page Web de Microsoft à http://www.microsoft.com/presspass sur les pages d'informations institutionnelles de Microsoft. Photos NewsCom : http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, archives AP : http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

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News archive of November 2009
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