Companies news

Video: Buzztime to Demonstrate New Customizable Game Screens at National Restaurant Association Trade ShowBuzztime introduces added-value enhancement to their popular interactive game network

CARLSBAD, Calif., May 16 /PRNewswire-FirstCall/ -- Buzztime , a multi-point social interactive entertainment company, announces the addition of customizable screens to its popular interactive game network. Buzztime will demonstrate the new technology at the 2008 National Restaurant Association trade show in Chicago May 17-20 (booth #431). Buzztime-subscribing bars and restaurants can now display their own customized advertising and promotions on their wide-screens TVs, presented alongside Buzztime's fun and engaging trivia, sports, and casino-style games.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080331/CLM183LOGO)

To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/buzztime/33151/

"Buzztime is providing a single solution combining entertainment, branding and sales messages to help restaurant and bar owners increase revenues. It is truly ground breaking for the hospitality marketplace and timely given today's economy," says CEO Dario Santana. "With this enhancement, venues have complete and immediate control of their promotional messages, which are positioned alongside our interactive and engaging games. By bundling bar and restaurant-themed advertising with our games, customers are more focused on the messages."

Buzztime's digital signage option is an environmentally sensitive, cost-saving alternative to expensive point-of-purchase materials, and reduces the clutter and waste associated with printed promotional materials. In addition, digital images drive sales for add-ons, specials and featured menu items, leading to direct increases in revenue.

A simple online interface enables restaurant operators to easily rotate and change on-screen messages as often as they like. Operators can choose between a variety of backgrounds and fonts, and can upload their own images and logos to enhance their on-site brand messaging.

Attendees of the NRA tradeshow in Chicago can view demonstrations of this free addition to Buzztime(R) games (booth #431), and enter Buzztime's twice-daily trivia competitions for the chance to win an iPod Touch or a beach cruiser.

About NTN Buzztime, Inc.

NTN Buzztime, Inc., a leader in multi-point social interactive entertainment for more than 20 years, is based in Carlsbad, CA. Buzztime is distributed in-home and out-of-home across broadband platforms including online, cable TV, satellite TV, and in approximately 3,800 restaurants, sports bars and pubs throughout North America and the United Kingdom. Buzztime entertainment is also available on electronic games and books. For more information, please visit http://www.buzztime.com/.

Buzztime is a proud member of the OVAB |Out-of-home Video Advertising Bureau.

Buzztime is a registered trademark of Buzztime Entertainment, Inc. MEDIA CONTACT: Sarah Znerold SZPR, Inc. sarah@szpr.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080331/CLM183LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Video: http://www.prnewswire.com/mnr/buzztime/33151 NTN Buzztime, Inc.

CONTACT: Sarah Znerold of SZPR, Inc., +1-760-815-9233, sarah@szpr.com

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

AT&T Announces New Contract With West Suburban BankIllinois Bank Taps AT&T to Optimize Communications Service

LOMBARD, Ill., May 16 /PRNewswire-FirstCall/ -- AT&T Inc. today announced a new three-year network service contract with West Suburban Bank. Based in Lombard, West Suburban Bank is a community banking company with 34 locations throughout Illinois.

Under terms of the contract, AT&T will serve as the primary service provider for West Suburban Bank, delivering AT&T OPT-E-MAN(R) service, a custom switched Ethernet service to connect multiple sites. The OPT-E-MAN optical transport solution will be used by West Suburban Bank to enhance Internet access and other real-time communication among its locations and with its customers.

West Suburban Bank initially looked to AT&T to help with migrating to a Voice over Internet Protocol (VoIP) solution. With the AT&T OPT-E-MAN service, West Suburban Bank will be able to implement the latest software applications without slowing throughput or causing congestion in the call center. Additionally, by switching to the AT&T OPT-E-MAN scalable service, West Suburban Bank will be equipped to meet the demand for expanded bandwidth and will add redundancy to help ensure that communications will continue and be protected against potential interruptions.

"With locations and customers throughout the state, we need to provide customer service and call center availability constantly, which requires a provider capable of linking our sites on a unified network communications platform," said Edward Garvey, vice president of Facilities for West Suburban Bank. "The solution provided by AT&T will not only address a specific customer need for security but will also cost-effectively allow real-time, flexible communications among our contact centers, which helps us better serve our customers."

The added bandwidth and redundancy that OPT-E-MAN service provides will support future company growth by allowing West Suburban Bank to expand its offerings of technologies and bandwidth-intensive applications as its communications needs grow.

About West Suburban Bank For more information, please visit http://www.westsuburbanbank.com/. About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: Bryan Blaise of AT&T Inc., +1-312-932-2831, bblaise@attnews.us

Web site: http://www.att.com/
http://www.westsuburbanbank.com/

Beaver Springs, Pennsylvania, Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access

BEAVER SPRINGS, Pa., May 16 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local Snyder County residents in the Beaver Springs, Snyder County, Verizon Wireless has expanded its network with a new cell site. The new site increases coverage and capacity north of Beaver Springs and Troxelville, as well as south of Beaver Springs along Route 235. In addition, the coverage and capacity increases east of Beaver Springs and Beavertown and west of Beaver Springs along Route 522.

The network expansion is part of an aggressive multi-billion dollar network investment each year (more than $1 billion every 90 days) to stay ahead of the growing demand for Verizon Wireless' voice and data services. The company spent more than $190 million in 2007 to enhance services and coverage throughout southeastern, central and northeastern Pennsylvania, southern New Jersey and Delaware, bringing the network investment in the region to more than $1 billion since 2000. Nationally, the company has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to offer customers the most reliable service available, including wireless data services such as picture messaging and text messaging.

Strong demand for Verizon Wireless services continued during the first quarter of 2008 as the company added 1.5 million net new customers. For the 14th consecutive quarter, Verizon Wireless also led the wireless industry in customer loyalty. The company posted a churn (customer turnover) rate of just 1.19 percent, well below the rate reported by the other major wireless carriers.

Verizon Wireless tests its network and those of its competitors to ensure the Verizon Wireless network remains the nation's most reliable. Nationally, Verizon Wireless' real-life test men and women drive 98 specially equipped vehicles almost 1 million miles annually on interstate, U.S. and state highways as well as major roads and surface streets in high-population areas, based upon U.S. Census counts, to determine if voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than 3 million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Verizon Wireless has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/ . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia .

Verizon Wireless

CONTACT: Brett Marcy, +1-717-231-5340, or Sheldon Jones,
+1-215-638-5668, Sheldon.jones@verizonwireless.com, both of Verizon Wireless

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

Pennsylvania Residents in Northern Hughesville to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access

HUGHESVILLE, Pa., May 16 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local Lycoming County residents in the northern part of Hughesville, Lycoming County, Verizon Wireless has expanded its network with a new cell site. The new cell site is the second to be placed in Lycoming County this year. The new site increases coverage and capacity in the borough of Hughesville and along Route 405. Coverage and capacity also increases northbound along Route 220 to Tivoli and Picture Rocks and westbound along Route 220 to slightly east of Pennsdale.

About Verizon Wireless

Verizon Wireless

CONTACT: Brett Marcy for Verizon Wireless, +1-717-231-5340; or Sheldon
Jones of Verizon Wireless, +1-215-638-5668, Sheldon.jones@verizonwireless.com

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

AirTran Airways and Bill Me Later Partner for Summer Travel Promotion- Airline Offers Customer Option of Paying Later, Saving Now -

ORLANDO, Fla., May 16 /PRNewswire-FirstCall/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. , announced today a new promotion with Bill Me Later, Inc. The promotion will offer special savings to AirTran Airways customers who book their spring and summer travel using the Bill Me Later(R) feature on http://www.airtran.com/. By simply selecting the Bill Me Later option at the time of purchase, consumers can conveniently and securely pay for their AirTran Airways travel purchases online without providing credit card information.

For new Bill Me later customers, the new promotion includes $10 off the total purchase made at http://www.airtran.com/ from May 15 through June 30, 2008, and no payments for 90 days for any Bill Me Later purchase at http://www.airtran.com/.

"We are proud to announce this promotion with Bill Me Later, which will be a great benefit to our customers looking for more options to save on travel," said Tad Hutcheson, vice president of marketing and sales for AirTran Airways. "Rising gas costs have made it a difficult time for consumers to travel, but AirTran Airways is committed to finding low cost alternatives for our customers to make their lives easier."

Bill Me Later, Inc., is a rapidly growing technology company helping to connect leading merchants with high value customers by improving the purchase experience. Bill Me Later, Inc.'s payment and marketing technology solutions help establish and maintain trusted relationships between hundreds of top tier retailers and high value customers at the point-of-sale. For more information, visit http://www.billmelater.com/.

AirTran Airways, a Fortune 1000 company ranked number one in the 2008 Airline Quality Rating study, offers more than 700 affordable, daily flights to 58 U.S. destinations. With 8,900 friendly Crew Members and America's youngest all-Boeing fleet, AirTran Airways provides XM Satellite Radio and Business Class seating on every flight. For more information and free online booking, visit http://www.airtran.com/.

Media Contacts: AirTran Airways Tad Hutcheson Judy Graham-Weaver Cynthia Tinsley-Douglas Quinnie Jenkins 678.254.7442

AirTran Airways

CONTACT: Tad Hutcheson, Judy Graham-Weaver, Cynthia Tinsley-Douglas, or
Quinnie Jenkins, +1-678-254-7442, all of AirTran Airways

Web site: http://www.airtran.com/
http://www.billmelater.com/

Washington Trust Bank Selects SEDONA'S Technology and Services for Its Customer Information Management System

KING OF PRUSSIA, Pa., May 16 /PRNewswire-FirstCall/ -- SEDONA(R) Corporation (BULLETIN BOARD: SDNA) (http://www.sedonacorp.com/), a leading provider of Customer and Member Relationship Management (CRM/MRM) solutions for the small and mid-size financial services market, today announced that Washington Trust Bank (http://www.watrust.com/) has selected SEDONA's technology and services to implement and deploy its customer information management system.

Washington Trust, with $3.7 billion in assets, is the largest privately owned commercial bank in the Northwest. Serving the region since 1902, Washington Trust has offices in Washington, Idaho, Oregon, and Utah. As the latest financial services institution to select Intarsia(R), Washington Trust will have a complete view of its customers' relationships and interactions. With Intarsia, Washington Trust will gain knowledge about its customers' preferences, needs, and characteristics to more effectively target the right products to the right customers at the right time.

Tammy Strom Washington Trust AVP, market research division, commented, "At Washington Trust, our mission is to be the best at understanding and meeting the financial goals of our customers. The comprehensive analytics and householding capabilities of Intarsia will become the cornerstone of our sales and marketing initiatives." Ms. Strom concluded, "In addition, Intarsia's portal technology will allow customer and prospect information to be shared across the entire organization thus enhancing Washington Trusts' ability to provide the best services to meet our customers' needs."

SEDONA President and CEO, Marco Emrich noted, "Washington Trust has developed a long standing reputation of creating value for its customers. We welcome Washington Trust to our family of successful financial institution clients and are very pleased to work with them to further improve their ability to better service their current and future customers."

About SEDONA Corporation

SEDONA(R) Corporation (BULLETIN BOARD: SDNA) provides multi-vertical Customer/Member Relationship Management (CRM/MRM) solutions and services specifically tailored to the small to mid-size financial services market. SEDONA's CRM/MRM solution, Intarsia(R), is designed and priced to support and meet the needs of the multiple lines of business of small to mid-size banks and credit unions. Intarsia provides the entire financial services institution with a complete and accurate view of their customers' and prospects' relationships and interactions. By utilizing SEDONA's CRM/MRM solution and services, SEDONA's clients effectively identify, acquire, foster, and retain loyal, profitable customers. For additional information, visit the SEDONA web site at http://www.sedonacorp.com/ or call 1-800-815-3307.

Forward-Looking Statements

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

SEDONA(R) and Intarsia(R) are registered trademarks of SEDONA Corporation. All other trade names are the property of their respective owners.

This press release and prior releases are available on the SEDONA Corporation web site at http://www.sedonacorp.com/.

SEDONA Corporation

CONTACT: Investors, Steve Ficyk, +1-216-373-6856, stevef@sedonacorp.com.
or Media, Michelle Brown, +1-610-337-8400, michelleb@sedonacorp.com, both of
SEDONA Corporation

Web site: http://www.sedonacorp.com/
http://www.watrust.com/

Interactive Systems Worldwide Announces Fiscal Second Quarter 2008 Financial Results

WEST PATERSON, N.J., May 16 /PRNewswire-FirstCall/ -- Interactive Systems Worldwide, Inc. (BULLETIN BOARD: ISWI) today reported its unaudited financial results for the fiscal second quarter ended March 31, 2008. Revenues for the quarter ended March 31, 2008 were $259,000, as compared with $69,000 during the same period in the prior year, an increase of 275%. The increase was due to increased revenues resulting from the successful launch in the UK of the Company's enhanced, fully-integrated version of the SportXction(R) System with Sportingbet and Ladbrokes, two of the world's leading bookmakers, as well as revenue generated by a Purchase Order for software development to add additional features to the SportXction(R) System to satisfy the requirements of the Ontario Lottery and Gaming Corporation (OLG).

Net loss and net loss per share applicable to common stock (basic and diluted) for the three months ended March 31, 2008 were $382,000 and $0.03, respectively, compared with $753,000 and $0.06 during the same quarter last year. This decrease of 49% in the net loss applicable to common stock in the 2007 period is primarily due to the Company's increased revenues and its cost reduction initiatives.

Cost of revenues for the three months ended March 31, 2008 was $205,000, as compared with $141,000 during the same period in the prior year. The increase in 2008 was primarily due to higher expenses associated with the OLG software development.

Research and development expense for the three months ended March 31, 2008 was $6,000, as compared with $133,000 during the same period in the prior year. This decrease in 2008 was primarily due to significantly lower payroll costs.

General and administrative expenses for the three months ended March 31, 2008 were $360,000, as compared with $608,000 during the same period in the prior year. The decrease was primarily due to lower payroll costs and professional fees and decreased non-cash compensation expense associated with warrants and common stock which were issued to consultants during the 2007 period.

Interest expense for the three months ended March 31, 2008 was $8,000 as compared to interest income of $28,000 during the same period in the prior year. In Fiscal 2008, the Company incurred interest expense on its promissory notes.

Liquidity and Capital Resources

As of March 31, 2008, the Company had liquid resources totaling $124,000, which consisted of cash and cash equivalents.

The Company's operations currently do not generate positive cash flow. The Company has taken a number of steps to improve cash flow by securing minimum monthly cash receipts from existing customers and new licensees and by reducing operating costs in the areas of payroll, rent, professional fees and consultants. On April 21, 2008, pursuant to a note purchase agreement, the Company sold $50,000 principal amount of 14% Non-Negotiable Promissory Notes due July 31, 2008 (the "Notes") in a private placement exclusively to accredited investors who are existing stockholders. The purpose of the financing was to (i) temporarily address the Company's liquidity crisis by providing working capital to enable the Company to continue its operations beyond April 2008 and (ii) pay past due and current accounts payable of the Company. The note purchase agreement provides that until the earlier of (a) payment of all principal and accrued interest on the Notes, or (b) August 1, 2008, the Company may not (i) declare or pay any cash dividends or make any cash distributions on its common stock or preferred stock or purchase or otherwise acquire for value, directly or indirectly, any of its outstanding common stock or preferred stock; or (ii) increase the salary of any Company officer above the salary which such officer is being paid as of the date of the Notes.

Management's immediate priority is to address the Company's short and long-term liquidity issues. The Company anticipates that, based on its current level of revenues and costs and without any proceeds from an equity financing or strategic transaction, its existing resources will be adequate to fund its capital and operating requirements only through June 2008.

Sales, Marketing and Development:

The Company continues to market the SportXction(R) Sports Wagering System in those jurisdictions where sports wagering is legal. The Company is in discussions with several domestic and foreign companies in the gaming industry and it is hopeful that it will be able to add additional software licensees and bookmaking partners to the UK service it provides through its wholly owned subsidiary, Global Interactive Gaming Ltd. (GIG).

During the three months ended March 31, 2008, the Company continued software development to add additional features to the SportXction(R) System in order to satisfy the requirements of OLG. The Company and OLG had expected to negotiate a development/licensing agreement, which would allow OLG to conduct a six-month field trial of the modified SportXction(R) System, after its completion, for use in up to two casinos. The purchase order allowed the commencement of software development while the definitive licensing agreement is being negotiated. Actual delivery of the modified software will not occur until after signing the licensing agreement. This agreement has not yet been negotiated. The Company is hopeful that this field trial will lead to a broader implementation in multiple casinos and other on-site gaming venues throughout Ontario, Canada. If successful, the system will have applicability in other Canadian provinces, as well.

About Interactive Systems Worldwide, Inc.

Interactive Systems Worldwide, Inc. (BULLETIN BOARD: ISWI.OB) has designed, developed and patented a proprietary software system, the SportXction System, which enables play-by-play wagering during the course of live sporting events. ISWI, through its wholly owned subsidiary Global Interactive Gaming Ltd. (GIG), operates the SportXction(R) System in the U.K., in conjunction with established media and traditional wagering partners. The system can accept wagers from the Internet, handheld wireless devices, interactive televisions, and standalone kiosks. The system can be used for any live broadcast event.

Contacts: Interactive Systems Worldwide, Inc. Bernard Albanese Chief Executive Officer Phone: 973-256-8181

FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements, including, but not limited to, whether the growth in wagering volume will continue, whether the Company will be able to sign additional license or partner agreements, whether the purchase order received from OLG will result in the signing of additional agreements, how long the Company's cash resources will be sufficient to satisfy the Company's needs, whether the Company will be successful in solving its liquidity issues, and whether the Company will have to cease operations. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the Company files from time to time with the Securities and Exchange Commission, including Annual Reports, Quarterly Reports and Current Reports on Form 8-K.

-TABLES FOLLOW- Interactive Systems Worldwide, Inc. and Subsidiaries Consolidated Statements of Operations Unaudited (Amounts in thousands except share and per share data) Three Months Ended March 31, 2008 2007 Revenues $259 $69 Costs and expenses: Cost of revenues 205 141 Research and development expense 6 133 General and administrative expense 360 608 571 882 Operating loss (312) (813) Interest expense (income), net 8 (28) Net loss (320) (695) Preferred stock dividend (62) (58) Net loss applicable to common shareholders $(382) $(753) Net loss per share applicable to common shareholders - basic and diluted $(0.03) $(0.06) Weighted average basic and diluted common shares outstanding 12,265,715 12,201,605 Interactive Systems Worldwide, Inc. Summary Consolidated Balance Sheet Data (All amounts in thousands) March 31, September 30, 2008 2007 Cash and short term investments (including marketable securities) $124 $284 Total current assets $336 $473 Total assets $701 $901 Current liabilities $1,263 $835 Total liabilities $982 $835 Stockholders' (deficit) equity $(562) $66

Interactive Systems Worldwide, Inc.

CONTACT: Bernard Albanese, Chief Executive Officer of Interactive
Systems Worldwide, Inc., +1-973-256-8181

Whirlpool Corporation Announces New Partner For centralpark(TM) ConnectionAdds Recharging Station Leader to Compatible Consumer Electronics Lineup

BENTON HARBOR, Mich., May 16 /PRNewswire-FirstCall/ -- At least two of every three consumers consider their kitchens cluttered, according to a recent survey conducted by Whirlpool . Whirlpool refrigerator's centralpark(TM) connection offers consumers a solution to this dilemma with a simple plug-and-play platform for interchangeable consumer electronics devices. iGo(R), a brand owned by Mobility Electronics, Inc. is the newest device partner to join the centralpark(TM) connection lineup.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040202/DETU004LOGO )

The centralpark(TM) connection allows consumers to power and use consumer electronics right on the refrigerator door. The newly planned compatible device, the iGo recharging station, provides an additional option to families with varying needs.

"The addition of iGo's recharging station to the centralpark(TM) connection will address the evolving needs of many consumers," said Mark Hamilton, director, centralpark(TM) connection. "As the adoption rate of consumer electronics has grown, kitchen countertops have become cluttered taking on the role of charging station to cell phones and MP3 players. This will provide a place to charge these devices and get them off the countertops."

iGo Recharging Station

iGo, the market leader in gadget and notebook charging, will offer a compatible recharging station that is compatible with the centralpark(TM) connection. The station will charge cell phones, MP3 players and virtually every other type of gadget, helping consumers keep their counters clear of charger and cable clutter.

The iGo gadget-charging module will be compatible with all iGo tips, allowing consumers to charge over 2,700 different gadgets with the simple switch of a tip. These tips are available online (http://www.igo.com/) and at retail locations nationwide.

About Whirlpool Corporation

Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $19 billion, more than 73,000 employees, and 72 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana and other major brand names to consumers in nearly every country around the world. For additional information regarding Whirlpool brand products please visit http://www.whirlpool.com/. Information about the company can be found at http://www.whirlpoolcorp.com/ .

About Mobility Electronics and iGo

Mobility Electronics, Inc., soon to change its name to iGo, Inc., is based in Scottsdale, Arizona and is a developer of universal power adapters for portable computers and mobile electronic devices (e.g., mobile phones, PDAs, digital cameras, etc.), and creator of the patented iGo(R) intelligent tip technology. iGo offers a full line of AC, DC and combination AC/DC power adapters for portable computers and mobile electronic devices. iGo's intelligent tip technology enables one power adapter to power and charge hundreds of brands and thousands of models of mobile electronic devices through the use of interchangeable tips.

iGo's products are available at http://www.igo.com/ as well as through leading resellers, retailers and OEM partners. For additional information call 480-596-0061, or visit http://www.igo.com/ .

Photo: http://www.newscom.com/cgi-bin/prnh/20040202/DETU004LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Whirlpool Corporation

CONTACT: Audrey Reed-Granger, Director of Public Relations, Whirlpool,
+1-269-923-7557; Audrey_Reed-Granger@Whirlpool.com; or Trish Taylor of
Peppercom for Whirlpool, +1-269-923-3351, ttaylor@peppercom.com

Web site: http://www.whirlpoolcorp.com/
http://www.whirlpool.com/
http://www.igo.com/

Flextronics Announces Departure of Chief Financial OfficerPaul Read Appointed CFO

SINGAPORE, May 16 /PRNewswire-FirstCall/ -- Flextronics today announced that Thomas J. Smach is resigning as chief financial officer to pursue other interests outside the Company effective June 30, 2008. Paul Read, who most recently served as executive vice president of finance for Flextronics worldwide operations will be appointed to chief financial officer upon Mr. Smach's departure.

Mike McNamara, chief executive officer of Flextronics, stated, "Paul is a highly respected member of our senior leadership team and has worked directly for me as a trusted advisor for most of his thirteen year career at Flextronics. He has worked closely with Tom for many years and based on his in-depth understanding of Flextronics and outstanding record of financial and operations management, Paul is the natural successor to the role of CFO of Flextronics.."

McNamara concluded, "Tom is a world-class CFO and I would like to personally thank him for the significant contributions he has made while relentlessly serving Flextronics over the last eight years. Flextronics has grown tremendously during his time here and his leadership and guidance have been instrumental to that growth. He has provided endless financial, operational, and strategic leadership to the Company throughout his tenure and we wish him all the best in his future endeavors."

Paul Read's extensive experience in senior financial roles is most recently defined by his tenure with Flextronics. He will bring to the position of CFO a strong financial management and operations background, having held a variety of financial roles of increasing importance with the Company since 1995. Mr. Read has led many critical initiatives while at Flextronics, most recently serving as the lead executive responsible for the integration of the Solectron acquisition. Prior to joining Flextronics, he held various financial positions with Allied Steel and Wire, STI Telecommunications and Associated British Foods. Mr. Read graduated from the University of Wales, Newport with a degree in Business and Finance and is a qualified member of the Chartered Institute of Management Accountants.

About Flextronics

Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer digital, industrial, infrastructure, medical and mobile OEMs. With the acquisition of Solectron, pro forma fiscal year 2008 revenues from continuing operations are more than US$33.6 billion. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit http://www.flextronics.com/.

Flextronics

CONTACT: Mike McNamara, Chief Executive Officer, +1-408-428-1350
mike.mcnamara@flextronics.com, or Renee Brotherton, Vice President, Corporate
Communications, +1-408-576-7189, renee.brotherton@flextronics.com, both of
Flextronics

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

Synopsys Completes Acquisition of Synplicity, Inc.

MOUNTAIN VIEW, Calif., May 16 /PRNewswire-FirstCall/ -- Synopsys, Inc. , a world leader in software and IP for semiconductor design and manufacturing, today announced it has completed its acquisition of Synplicity(R), Inc. , a leading supplier of innovative field programmable gate array (FPGA) and IC design and verification solutions that serve a wide range of communications, military/aerospace, semiconductor, consumer, computer, and other electronic applications markets. The acquisition expands Synopsys' technology portfolio, channel reach and total addressable market by adding complementary products and expertise for FPGA solutions and rapid ASIC prototyping. Synopsys acquired Synplicity for $8 cash per share, resulting in a gross transaction of approximately $223 million, or approximately $181 million net of cash acquired.

As a result of the acquisition, Synopsys has formed a Synplicity Business Group with Synplicity President and Chief Executive Officer Gary Meyers as its general manager. Synplicity Co-Founder and CTO Ken McElvain has joined the group to help architect Synopsys' system level solutions.

About Synopsys

Synopsys, Inc. is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design and manufacturing. Synopsys' comprehensive, integrated portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, system-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has more than 60 offices located throughout North America, Europe, Japan, Asia and India. Visit Synopsys online at http://www.synopsys.com/.

Synopsys is a registered trademark of Synopsys, Inc. Synplicity is a registered trademark of Synplicity. All other trademarks mentioned in this release are the intellectual property of their respective owners.

Editorial Contact: Yvette Huygen Synopsys, Inc. 650-584-4547 yvetteh@synopsys.com Investor Contact: Lisa Ewbank Synopsys, Inc. 650-584-1901

Synopsys, Inc.

CONTACT: Editorial, Yvette Huygen, +1-650-584-4547,
yvetteh@synopsys.com, or investors, Lisa Ewbank, +1-650-584-1901, both of
Synopsys, Inc.

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

ExaDigm Announces Ramp-Up in Production of Point-Of-Sale Terminals Based on a NeoMagic(R) Processor

SANTA ANA and SANTA CLARA, Calif., May 16 /PRNewswire-FirstCall/ -- ExaDigm, Inc., the leading innovator of wired and wireless point-of-sale (POS) terminal solutions, today announced that, as a result of the recent Class A certifications of its products, it is ramping up production of its line of point-of-sale terminals based on a NeoMagic processor. The top ranking Class A certifications awarded by Chase Paymentech Solutions, LLC and Heartland Payment Systems are a significant milestone as it ensures merchants using ExaDigm terminals with the highest level of technical support.

The entire ExaDigm product line features the MiMagic processor from NeoMagic Corporation, a pioneer in low power multimedia processors. This chip is a highly integrated ARM-based processor, which offers a wide range of interfaces, including a Smart Card interface, high performance and very low power consumption, making it an ideal choice for ExaDigm. The Linux operating system makes the terminal a cost effective and flexible solution.

"We are excited about the success of our POS terminals in the market, as demonstrated by the Class A certifications and the endorsements we received this year from key customers," stated Andrey Tikhonov, CTO of ExaDigm. "Our customers told us they were impressed by the ExaDigm terminal's modular design that provided them with a high degree of implementation flexibility. The MiMagic processor has been a key enabler of that success and we are very happy to ramp up our production to meet the growing market demand with the support of NeoMagic."

ExaDigm's family of payment solutions includes the XD1000, XD2000 and XD2100SP countertop and mobile payment terminals. These products are PC-based, fully modular payment terminals featuring industry-first technology innovations including interchangeable communication modules that eliminate the need to support multiple same-functionality terminals from one manufacturer. The Linux operating system makes changing technologies fast and easy, ensuring that obsolescence and subsequent swap-out programs are a thing of the past.

"I am pleased to see our customer, ExaDigm, ramping up production with this leading edge solution," said Douglas Young, President and CEO of NeoMagic Corporation, "and we are committed to continuing our support in this next phase of our cooperation. We are happy to enable this flexible solution in the POS terminal market."

About NeoMagic

NeoMagic Corporation delivers semiconductor chips and software that enable new multimedia features for handheld devices. These solutions offer low power consumption, small form-factor and high performance processing. The Company demonstrated one of the first solutions used for H.264 video decoding in a mobile digital TV phone, and is developing and delivering solutions for audio/video processing of the dominant mobile digital TV standards, including ISDB-T, T-DMB and DVB-H. For its complete system solution, NeoMagic delivers a suite of middleware and sample applications for imaging, video and audio functionality, and provides multiple operating system ports with customized drivers for the MiMagic product family. NeoMagic has a strong patent portfolio that covers NeoMagic's proprietary array processing and other technology. Information on the Company may be found at http://www.neomagic.com/.

NeoMagic and the NeoMagic circle logo are registered trademarks, and MiMagic and NeoMobileTV are trademarks, of NeoMagic Corporation. All other trademarks are the property of their respective owners. NeoMagic disclaims any proprietary interest in the marks and names of others.

About ExaDigm, Inc.

ExaDigm is the leading innovator of modular IP-based wired and wireless point-of-sale (POS) terminal solutions. Through a detailed understanding of the technology, wireless and point-of-sale industries, as well as through extensive relationships with financial institutions, ISOs, and transaction processors, ExaDigm provides innovative technology-focused solutions enabling businesses worldwide to expand revenues, reduce costs and boost productivity. Founded in 2000, ExaDigm is headquartered in Santa Ana, California, with operations around the globe. For more information, visit http://www.exadigm.com/.

Safe Harbor Statement for NeoMagic

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, including the anticipated ramp-up in production of our customer's products,. These forward-looking statements reflect current expectations. However, actual events and results could vary significantly based on a variety of factors, including but not limited to end customer acceptance of our customer's products, the market acceptance of POS terminals developed and marketed by this customer using NeoMagic's products and the timely availability of sufficient manufacturing capacity at NeoMagic's foundry to meet future customer demand for products. There is no certainty that customer forecasts will be accurate. Customers may cancel or delay their production plans or switch to other vendors. In addition, customers may fail to achieve their expected sales objectives due to competitive or other reasons resulting in excess or obsolete inventory requiring write-downs and charges to cost of revenue. Additional risks that could affect NeoMagic's future operating results are more fully described in our most recent annual report and other filings with the United States Securities and Exchange Commission (SEC), and are available online at http://www.sec.gov/. NeoMagic may, from time to time, make additional written or oral forward-looking statements, including statements contained in filings with the SEC and reports to shareholders. NeoMagic does not undertake the obligation to update any forward-looking statements that may be made by or on behalf of the company, except as may be required by law.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO)

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com ExaDigm, Inc.; NeoMagic Corporation

CONTACT: Scott Holt, Senior Vice President of Marketing of ExaDigm,
Inc., +1-949-271-3967; or Pierre-Yves Couteau, Vice President of Marketing of
NeoMagic Corporation, +1-408-988-7020

Web site: http://www.neomagic.com/
http://www.exadigm.com/

Mindray to Hold Conference Call to Discuss the Integration Plan and Closing of the Acquisition of Datascope Corp.'s Patient Monitoring Business

SHENZHEN, China, May 16 /Xinhua-PRNewswire-FirstCall/ -- Mindray Medical International Limited , a leading developer, manufacturer and marketer of medical devices worldwide, today announced that Mr. David Gibson, president of Datascope Patient Monitoring, a Mindray company, Mr. Cheng Minghe, Mindray's executive vice president of strategy and business development and Ms. May Li, Mindray's investor relations manager, will hold a conference call on Friday, May 23, 2008 at 8 a.m. U.S. Eastern Time.

Mr. Gibson and Mr. Cheng will discuss the closing of Mindray's acquisition of the patient monitoring division of Datascope Corp., highlight integration plans and progress and give a business outlook for the remainder of 2008. After prepared remarks, Mr. Gibson will hold a brief Q&A session.

Conference Call Details

Mindray will hold an investor conference call and Q&A session at 8:00 a.m. on May 23, 2008 U.S. Eastern Time (8:00 p.m. on May 23, 2008 Beijing/Hong Kong Time).

Dial-in details for the earnings conference call are as follows: US Toll Free: +1-800-638-5439 US Toll (International): +1-617-614-3945 Hong Kong Toll: +852-3002-1672 Participant Passcode for all regions: Mindray

Additionally, a live and archived webcast of this conference call will be available on the Investor Relations section of Mindray's website at http://www.mindray.com/ .

About Mindray

Mindray Medical International Limited is a leading developer, manufacturer and marketer of medical devices worldwide. Established in 1991, Mindray offers a broad range of products across three primary business segments: patient monitoring & life support products, in-vitro diagnostic products, and medical imaging systems. Mindray is globally headquartered in Shenzhen, China, with U.S. headquarters in Mahwah, New Jersey. Mindray also has sales and service offices internationally in Amsterdam, Istanbul, London, Mexico City, Moscow, Mumbai, Sao Paulo, Seattle, Toronto and Vancouver. For more information, please visit http://www.mindray.com/ .

For investor inquiries please contact: In China: Susan Du Mindray Medical International Limited Tel: +86-755-2658-2518 Email: Susan.Du@Mindray.com Justin Knapp Ogilvy Public Relations Worldwide, Beijing Tel: +86-10-8520-6556 Email: Justin.Knapp@Ogilvy.com In the United States: Jeremy Bridgman Ogilvy Public Relations Worldwide, New York Tel: +1-212-880-5363

Mindray Medical International Limited

CONTACT: In China: Susan Du of Mindray Medical International Limited,
+86-755-2658-2518, or Susan.Du@Mindray.com; Or Justin Knapp of Ogilvy Public
Relations Worldwide, Beijing, +86-10-8520-6556, or Justin.Knapp@Ogilvy.com; Or
In the United States: Jeremy Bridgman of Ogilvy Public Relations Worldwide,
New York, +1-212-880-5363

Medicsight Announces Appointment of NM Rothschild & Sons Limited as Corporate AdviserCompany announces appointment of Nomura Code Securities Limited as Nominated Adviser and sole broker

NEW YORK, May 16 /PRNewswire-FirstCall/ -- Medicsight PLC, a subsidiary of MGT Capital Investments, Inc. (the "Company"), and an industry leader in the development of Computer-Aided Detection (CAD) and image analysis software which assists in the early detection and diagnosis of disease, today announced the appointment of NM Rothschild & Sons Limited ("Rothschild"), a leading international investment bank, as corporate adviser to the Company, effective immediately.

Rothschild has been appointed by Medicsight to offer independent advice and help to develop corporate opportunities. As stated in the Company's AIM Admission document, one of Medicsight's objectives over the next one to two years is to seek strategic merger and acquisition opportunities in order to introduce additional products into its portfolio.

Tim Paterson-Brown, MGT Chairman and CEO, stated, "We are pleased to announce the appointment of Rothschild, and welcome their independent and strategic advice. They have a strong healthcare team in place, with which we look forward to building a long and successful working relationship.

"In order to take advantage of the tremendous opportunities our existing technologies offer, we are required to have an experienced and knowledgeable team in place. We are confident that Rothschild will prove to be of tremendous value to our Company in building upon our existing technologies and identify new opportunities."

In addition, Medicsight announced the appointment of Nomura Code Securities Limited as Nominated Adviser (NOMAD) and sole broker to the Company effective immediately.

"Our Board is impressed by Nomura Code's market knowledge and specialist investor contacts within the healthcare sector. Nomura Code also has significant outreach in Japan, which will be very beneficial to Medicsight as we penetrate the Asian market and continue to develop a strong relationship with Toshiba," concluded Mr. Paterson-Brown.

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc is a holding company that focuses on investments in the global healthcare information technology market. The Company has two subsidiaries, Medicsight PLC and Medicexchange PLC.

Medicsight PLC (AIM: MDST) is a leading developer of computer-aided detection (CAD) software solutions. Medicsight's CAD solutions help clinicians utilizing Computed Tomography (CT) scans to identify, measure and analyze suspicious pathology within the colon and lungs. The Medicsight CAD products are validated against one of the world's largest databases of verified CT scan data collected from leading healthcare institutions from around the world. Medicsight products allow radiologists and physicians to review scans more quickly and accurately -- saving both time and lives.

Medicexchange PLC provides medical imaging professionals with a global web portal containing an online sales, jobs and information channel for diagnostic, treatment and surgery planning solutions. This combined with a variety of relevant clinical papers, training materials and content gives these professionals access to information and products that they otherwise would have difficulty accessing.

Additional information can be found at http://www.mgtci.com/.

All forward-looking statements are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in company filings with the Securities and Exchange Commission.

MGT Capital Investments, Inc.

CONTACT: Investor & Media enquiries, Todd Fromer, +1-212-896-1215,
tfromer@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both
of KCSA Strategic Communications

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

myPhotopipe.com Reports First Quarter Operating ResultsRevenues Rise 26%, Gross Profit Margins Expand to 74%

ATLANTA, May 16 /PRNewswire-FirstCall/ -- myPhotopipe.com, Inc. (Pink Sheets: MPPC), a web-based online provider of digital photo processing and related services, today announced its operating results for the first quarter of 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080325/CLTU023)

For the three months ended March 31, 2008, revenues increased 26% to $366,329, compared with revenues of $289,869 in the first quarter of 2007. Gross profits increased 42% to $270,373 (73.8% of revenues), versus $189,864 (65.5% of revenues) in the prior-year quarter. The Company reported a net loss of ($73,705) in the most recent quarter, versus a net loss of ($15,753) in the three months ended March 31, 2007.

"myPhotopipe.com continued to post excellent gains in revenues during the most recent quarter, with an increase of 26% over prior-year levels," stated L. Douglas Keeney, Chief Executive Officer of the Company. "That said, a significant design initiative related to the overhaul of our web site made unexpectedly good progress in January, and we elected to accelerate its launch, which in turn necessitated a concurrent increase in our search engine buys. Accordingly, we realized a slightly higher loss for the period than we anticipated, but we have been extremely pleased with the initial results from the new web site, as measured in a sharp increase in customer acquisitions, excellent industry notices, and continued revenue growth during April."

"New product introductions continued at our historical pace, which by any measure is rapid and well accepted by the market. Our gallery wraps and mounted products have been well received by customers, as has our pioneering PRPrintsPro platform that is now being used by many professional sports organizations. myPhotopipe.com's portfolio of greeting cards, a significant vein of revenue that we intend to vigorously mine, has increased by several hundred SKUs since the beginning of the year. Our project to allow local stationery stores to access more than 600 photo greeting cards appears to be progressing towards a beta in the second quarter. And finally, our industry data couldn't be better. Owners of digital cameras are making prints at historically high and growing levels, and online ordering with direct mail delivery is the channel of fulfillment that is expanding significantly faster than retail, kiosks or any other method of purchasing prints."

"We're an online lab serving the needs of professional and serious amateur photographers," continued Keeney. "This is a segment not all of us understand, so allow me this final thought. According to a recent InfoTrends study, professional photographers are themselves a $5 billion industry. They shoot pictures and earn 80%+ of their mean annual revenues of $130,000 by selling photographic prints. What's our value proposition to them? In a nutshell it is as follows. Because they waited for high-end digital cameras, professional photographers were slower than the consumer to switch to digital technology. But now, the switch is underway in earnest. Ironically, at the very same time these photographers are 'going digital', more than half of their local camera stores, where they went for photo processing, have closed, so they are going online to find a new photo processor. What do they see? Photo mousepads and photo coffee mugs and photo t-shirts -- all sorts of 'cute' ways to share your photos. That's not what professionals are looking for. They're searching for a lab that focuses on making a top notch, professional print at a price that is competitive to any lab in the nation. That's a description of myPhotopipe.com. That's our value proposition. Using our products our customers can make a living. That's a wonderful position to be in. We believe we're in the right place at the right time, serving a lucrative slice of the digital photography market during a period of extensive brand switching. With persistence and steadfastness, we will emerge as one of the top brands in the business."

About myPhotopipe.com, Inc.

myPhotopipe.com, Inc. is a web-based online provider of digital photo processing, photo finishing, photo sharing, and related services. The Company's unique blend of 1000 print options, combined with manual print inspections and professional color management, have positioned myPhotopipe.com as one of the fastest-growing providers of digital photography services for professionals and serious amateurs.

The Company is headquartered in Atlanta, Georgia, and its common stock is listed on the OTC Pink Sheets under the symbol "MPPC". Additional information is available on the Internet at http://www.myphotopipe.com/.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are subject to the "safe harbor" created by those sections. Such forward-looking statements are based upon current information and expectations regarding myPhotopipe.com, Inc. These statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecast in such forward-looking statements.

myPhotopipe.com, Inc. assumes no obligation to update the information contained in this release. Any forward-looking statements in this press release may be materially impacted by any number of factors, any or all of which could have a negative impact on sales, operating results, financial and budgetary constraints. The statements made herein are independent statements by myPhotopipe.com, Inc. The inclusion or mention, if any, of third parties in this press release does not represent an endorsement of any myPhotopipe.com, Inc. products or services by any such third party.

Contact: L. Douglas Keeney, CEO, at (502) 419-5837 or via email at dougk@myphotopipe.com or

R. Jerry Falkner, CFA, RJ Falkner & Company, Inc., Investor Relations Counsel

at (830) 693-4400 or via email at info@rjfalkner.com (Financial Highlights Follow) MYPHOTOPIPE.COM CONSOLIDATED STATEMENT OF OPERATIONS (Cents omitted, except per share amounts) ACTUAL ACTIVITY FROM OPERATIONS Three months ending March 31, 2008 2007 Net revenues $ 366,329 $ 289,869 Cost of revenues 95,956 100,005 Gross profit 270,373 189,864 % of revenues 73.81% 65.50% Operating expenses 60,558 35,415 Sales and marketing 123,683 90,814 Personnel 158,720 101,253 General and administrative 342,961 227,482 Total operating expenses (72,588) (37,618) Income from operations % of revenues -19.82% -12.98% Interest expense 8,942 5,267 Depreciation - - Amortization - - Other (income) expense, net (7,826) (27,132) Pretax profit (73,705) (15,753) % of revenues -20.12% -5.43% Provision for income taxes - Net income $ (73,705) $ (15,753) % of revenues -20.12% -5.43% Average shares outstanding 248,943,235 248,943,235 Net income (loss) per share $ (0.0003) $ (0.0001)

The accompanying notes are an integral part of these consolidated financial statements

MYPHOTOPIPE.COM CONSOLIDATED BALANCE SHEETS (Cents omitted, except per share amounts) March 31, 2008 2007 ASSETS Current assets: Cash and cash equivalents $ - $ - Accounts receivable, net of allowance 107,144 85,993 Prepaid expenses and other current assets 40,663 4,507 Total current assets 147,808 90,500 Property and equipment, net 264,271 146,133 Other assets 64,648 12,666 Total assets $ $476,728 $ 249,298 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable $ 202,899 $ 178,501 Accrued liabilities 175,259 216,034 Current portion of notes payable 135,393 86,721 Total current liabilities 513,550 481,255 Notes payable, less current portion 469,817 334,016 Total liabilities 983,367 815,272 Stockholders' equity (deficit) Common stock, par value $0.001; 388,500 388,500 800,000,000 shares authorized at December 30, 2006 and December 30, 2007 respectively; 248,943,235 and 248,943,235 shares issued and outstanding at December 30, 2006 and December 30, 2007 respectively Additional paid-in capital 415,961 153,461 Accumulated equity (deficit) (1,311,100) (1,107,935) Total stockholders' equity (deficit) (506,639) (565,974) Total liabilities and stockholders' equity (deficit) $ 476,728 $ 249,298

The accompanying notes are an integral part of these consolidated financial statements

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080325/CLTU023
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com myPhotopipe.com, Inc.

CONTACT: L. Douglas Keeney, CEO of myPhotopipe.com, Inc.,
+1-502-419-5837, dougk@myphotopipe.com; or Investor Relations Counsel,
R. Jerry Falkner, CFA, of RJ Falkner & Company, Inc., +1-830-693-4400,
info@rjfalkner.com, for myPhotopipe.com, Inc.

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

Informatica's Acquisition of Nokia's Identity Systems Completed

ESPOO, Finland and REDWOOD CITY, California, May 16 /PRNewswire-FirstCall/ -- Nokia and Informatica Corporation today announced that Informatica, the leading independent provider of data integration software, has completed the acquisition of Identity Systems, which was initially announced on April 17, 2008. With this acquisition, Informatica will assume full ownership of Identity Systems, effective from May 15, 2008. Identity Systems is a global leader in enterprise software development for identity resolution, providing fast, highly accurate and scalable solutions to profile, cleanse, group, match and consolidate data within computer systems and network databases.

About Nokia

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

About Informatica

Informatica is a leading independent provider of enterprise data integration software and services. With Informatica, organizations can gain greater business value by integrating all their information assets from across the enterprise. More than 3,000 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of varying complexity and scale. For more information, visit http://www.informatica.com/.

It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding: A) the timing of product, services and solution deliveries; B) our ability to develop, implement and commercialize new products, services, solutions and technologies; C) expectations regarding market growth, developments and structural changes; D) expectations regarding our mobile device volume growth, market share, prices and margins; E) expectations and targets for our results of operations; F) the outcome of pending and threatened litigation; G) expectations regarding the successful completion of contemplated acquisitions on a timely basis and our ability to achieve the set targets upon the completion of such acquisitions; and H) statements preceded by "believe," "expect," "anticipate," "foresee," "target," "estimate," "designed," "plans," "will" or similar expressions are forward-looking statements. These statements are based on management's best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) competitiveness of our product, service and solutions portfolio; 2) the extent of the growth of the mobile communications industry and general economic conditions globally; 3) the growth and profitability of the new market segments that we target and our ability to successfully develop or acquire and market products, services and solutions in those segments; 4) our ability to successfully manage costs; 5) the intensity of competition in the mobile communications industry and our ability to maintain or improve our market position or respond successfully to changes in the competitive landscape; 6) the impact of changes in technology and our ability to develop or otherwise acquire complex technologies as required by the market, with full rights needed to use; 7) timely and successful commercialization of complex technologies as new advanced products, services and solutions; 8) our ability to protect the complex technologies, which we or others develop or that we license, from claims that we have infringed third parties' intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products, services and solution offerings; 9) our ability to protect numerous Nokia and Nokia Siemens Networks patented, standardized or proprietary technologies from third-party infringement or actions to invalidate the intellectual property rights of these technologies; 10) Nokia Siemens Networks' ability to achieve the expected benefits and synergies from its formation to the extent and within the time period anticipated and to successfully integrate its operations, personnel and supporting activities; 11) whether, as a result of investigations into alleged violations of law by some current or former employees of Siemens AG ("Siemens"), government authorities or others take further actions against Siemens and/or its employees that may involve and affect the carrier-related assets and employees transferred by Siemens to Nokia Siemens Networks, or there may be undetected additional violations that may have occurred prior to the transfer, or ongoing violations that may have occurred after the transfer, of such assets and employees that could result in additional actions by government authorities; 12) any impairment of Nokia Siemens Networks customer relationships resulting from the ongoing government investigations involving the Siemens carrier-related operations transferred to Nokia Siemens Networks; 13) occurrence of any actual or even alleged defects or other quality issues in our products, services and solutions; 14) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products, services and solutions; 15) inventory management risks resulting from shifts in market demand; 16) our ability to source sufficient amounts of fully functional components and sub-assemblies without interruption and at acceptable prices; 17) any disruption to information technology systems and networks that our operations rely on; 18) developments under large, multi-year contracts or in relation to major customers; 19) economic or political turmoil in emerging market countries where we do business; 20) our success in collaboration arrangements relating to development of technologies or new products, services and solutions; 21) the success, financial condition and performance of our collaboration partners, suppliers and customers; 22) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Chinese yuan, the UK pound sterling and the Japanese yen, as well as certain other currencies; 23) the management of our customer financing exposure; 24) allegations of possible health risks from electromagnetic fields generated by base stations and mobile devices and lawsuits related to them, regardless of merit; 25) unfavorable outcome of litigations; 26) our ability to recruit, retain and develop appropriately skilled employees; 27) the impact of changes in government policies, laws or regulations; and 28) our ability to effectively and smoothly implement our new organizational structure; as well as the risk factors specified on pages 10-25 of Nokia's annual report on Form 20-F for the year ended December 31, 2007 under "Item 3.D Risk Factors." Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

http://www.nokia.com/

Nokia Corporation

CONTACT: Media Enquiries: Nokia Communications, Tel. +358-7180-34900,
Email: press.services@nokia.com; Nokia, Americas, Communications, Tel.
+1-972-894-4573, Email: communication.corp@nokia.com; Informatica,
+1-650-385-5000, Deborah Wiltshire, Informatica Corporation, +1-650-385-5360,
mobile,+1-650-862-8186, dwiltshire@informatica.com

Yucheng Technologies Further Expands Partnership with China Construction Bank for POS Merchant Acquiring Services

BEIJING, May 16 /Xinhua-PRNewswire-FirstCall/ -- Yucheng Technologies Limited , a leading provider of IT solutions and services to China's banking industry, today announced that it has signed a contract and started providing Point of Sale (POS) merchant acquiring services to the Beijing Branch of China Construction Bank ("CCB Beijing"), following its initiation of partnership with CCB Guangdong Branch in providing such services in late February.

Yucheng's CEO, Mr. Weidong Hong stated: "We are excited to expand our partnership with China Construction Bank in providing POS merchant acquiring services. CCB Beijing is CCB's largest branch. Because Beijing has a relatively high level of consumer spending and bankcard adoption rate in China, our partnership with CCB Beijing provides us a new opportunity to expand our POS network as well as improve its overall quality in terms of per POS transaction value. CCB's partnership with us in Beijing also demonstrated their confidence in Yucheng's ability to help them promote their POS installation and increase their per POS transaction value."

Mr. Weidong Hong further commented: "Since our initiation of POS merchant acquiring business in partnership with China Merchants Bank over a year ago, we have built a professional team composed of 376 sales representatives and established our presence in 15 major cities across China. We made this significant infrastructure investment in the POS business because the initial results from our partnership with China Merchants Bank have been encouraging. The capital cost of each POS terminal has declined to US$225 from US$250 in the first quarter of 2008. The average monthly processed value ("APV") per POS terminal with more than three months of continuous operations in Q1 2008 surpassed US$7,000 (RMB49, 133 at 1 US dollar to 7.0190 RMB). This translates into roughly US$14 of revenue per month per POS terminal, without including additional potential revenue that may be generated when we begin to provide prepaid cards and affinity programs in partnership with banks and merchants in the future. Partnering with more banks to deploy POS terminals will enable us to make better use of our existing sales network and realize significant benefits from economy of scale, and we continue to receive inquiries from other banks about potential partnerships. With Chinese consumers' paying habits shifting from cash to bank cards, we are confident the POS network will deliver significant long-term value for our shareholders."

About China Construction Bank

China Construction Bank is one of the top four commercial banks in China. Founded in 1954 and headquartered in Beijing, China Construction Bank has an extensive network of approximately 13,629 branch outlets across the country. In addition, it maintains overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo and Seoul, and representative offices in New York and London. As of the end of 2006, it had total assets of approximately US$902 billion, which ranked the second among all the Chinese banks. As of December 31, 2007, CCB had issued more than 12.6 million credit cards and 220 million debit cards in China.

Safe Harbor Statement

This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. Such forward-looking statements, based upon the current beliefs and expectations of Yucheng's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.

For further information, please contact: In Beijing, China Ms. Yvonne Young Investor Relations Tel: +86-10-6442-0533 Email: investors@yuchengtech.com In the U.S.A. Mr. Jim Preissler Advisor, Investor Relations Tel: +1-646-383-4832 Email: jpreissler@yuchengtech.com

Yucheng Technologies Limited

CONTACT: Ms. Yvonne Young, Investor Relations, +86-10-6442-0533, or
investors@yuchengtech.com; or in the U.S.A., Mr. Jim Preissler, Advisor,
Investor Relations, +1-646-383-4832, or jpreissler@yuchengtech.com, for YTEC

Green Beacon Solutions and ClickSoftware Announce Partnership to Deliver Mobile Workforce CRM Solution for Mid-Size CompaniesAlliance to Help Field Service Organizations Organize and Optimize Client Interactions

BURLINGTON, Massachusetts and WATERTOWN, Massachusetts, May 16 /PRNewswire-FirstCall/ -- Green Beacon Solutions, a leading provider of customer relationship management (CRM) business strategy and product implementation services has partnered with ClickSoftware Technologies Ltd. , the leading provider of mobile workforce management and service optimization solutions to provide a comprehensive field service management solution geared towards service organizations with between 50-500 field employees, enabling access to Microsoft CRM and ERP applications at anytime, anywhere.

"ClickSoftware is pleased to announce our alliance with Green Beacon," said Zvi Piritz, Senior Vice President of Global Sales at ClickSoftware. "Our joint partnership will enable field service organizations with field engineer forces of around 50 to 500 individuals to take advantage of optimized scheduling that was previously available only to Enterprise organizations."

Under this partnership, Green Beacon will work with mid-market customers to implement ClickSoftware's ClickIMRS (Installation, Maintenance and Repair Services) solution. ClickIMRS provides seamless integration into Microsoft Dynamics CRM and Dynamics AX (formerly Axapta), enabling mid-sized service organizations to link their field force to all parts of the business, offering equally immediate and efficient responses to customers.

"We are extremely excited about our partnership with ClickSoftware," said Richard Smith, Vice President of CRM Strategy at Green Beacon. "Many field service organizations who have been struggling with legacy CRM solutions are excited about the prospect of migrating to CRM 4.0. ClickIMRS will make this an even simpler transition, providing the robust, cost-effective schedule optimization and resource allocation functionality to field service customers."

By drawing on a vast wealth of experience in delivering Customer Relationship Management solutions, ClickSoftware and Green Beacon have assembled a cost-effective offering, that is tailor-made to meet the needs of mid-sized service organizations who are aspiring to increase their customers' satisfaction and loyalty whilst sustaining growth and profitability. Management of field resources and its impact on overall customer satisfaction is critical to business success, with customer service becoming an ever more significant differentiator for mid-sized service organizations.

About Green Beacon

Green Beacon Solutions provides proven business and technology solutions to mid-market and mid-enterprise customers. With the experience of hundreds of successful customer implementations, Green Beacon guides clients to success by providing expert solutions with a rapid return on investment. Green Beacon is Gold Certified Microsoft Partner providing expertise with Microsoft Dynamics CRM, Dynamics AX, and associated technologies including SQL Server, SQL Reporting Services, SharePoint, Windows Workflow Foundation, and .Net. For additional information, please visit http://www.greenbeacon.com/.

About ClickSoftware

ClickSoftware is the leading provider of mobile workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry-leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting and capacity planning to real-time decision making, incorporating scheduling, mobility and location-based services, ClickSoftware helps service organizations get the most out of their resources.

With over 100 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The company is headquartered in Burlington, Mass. and Israel, with offices in Europe, and Asia Pacific. For more information about ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or visit http://www.clicksoftware.com/.

This press release contains express or implied forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These forward-looking statements include, but are not limited to, those regarding growth in ClickSoftwares revenues and sales and partner networks. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results or performance to be materially different from those projected. ClickSoftwares achievement of these results may be affected by many factors, including among others, the following risks: that ClickSoftware may fail to expand its activities in the market; and other risks associated with ClickSoftware's business. For additional information regarding risks relating to ClickSoftware's business, see ClickSoftwares filings with the Securities and Exchange Commission including ClickSoftware's annual report on Form 20-F for the year ended December 31, 2007, and subsequent filings with the Securities and Exchange Commission. ClickSoftware does not undertake to update any forward-looking statements.

Contacts: Joanna Giannotti Adam J. Rosen ClickSoftware, Inc. +1-646-536-3865 +1-781-272-5903 x2235 arosen@rkequity.com joanna.giannotti@clicksoftware.com

ClickSoftware Technologies Ltd

CONTACT: Contacts: Joanna Giannotti, ClickSoftware, Inc,
+1-781-272-5903 x2235, joanna.giannotti@clicksoftware.com; Adam J. Rosen,
+1-646-536-3865, arosen@rkequity.com

Kronos Announces Second Quarter Financial Results and Business Update

BELMONT, Mass., May 16 /PRNewswire-FirstCall/ -- Kronos Advanced Technologies, Inc. (BULLETIN BOARD: KNOS) -- President and Chief Executive Officer, Daniel R. Dwight, reported a financial results and a business update and for the nine months ended March 31, 2008 for Kronos Advanced Technologies, Inc.

Financial Results

Kronos recorded a net loss for each of the nine months ended March 31, 2008 and March 31, 2007 of $2,339,000 and $2,501,000, respectively. The decrease in the net loss for the nine months ended March 31, 2008 compared with the comparable period of 2007 was principally the result of $3,134,000 increase in gross profit to $3,197,000, partially offset by a $1,696,000 in accretion of note discount, a $1,039,000 increase in operating costs to $3,341,000, and a $237,000 increase in interest expense to $499,000.

Revenues for the nine months ended March 31, 2008 were $3,598,000 compared to $156,000 for the comparable period of 2007. Revenues for the quarter ended March 31, 2008 consisted of revenues from our agreements with Tessera, a national retailer, a global consumer products company and our Russian medical products partner. Selling, General and Administrative expenses for the quarter ended March 31, 2008 increased $1,039,000 from the corresponding period of 2007 to $3,341,000. The increase was principally the result of a $614,000 increase in compensation and benefits, primarily as a result of an increase in the expense of amortizing stock options that vested during the 2008 period, and a $288,000 increase in professional services as a result of a new consulting arrangement and legal expenses. Interest expense for the quarter ended March 31, 2008 was $499,000 compared with $262,000 for the corresponding period of the prior year. The increase in interest expense was principally the interest on promissory notes payable to AirWorks, Hilltop, Sands and Critical Capital.

Kronos' total assets at March 31, 2008 were $5,060,000 compared with $2,111,000 at June 30, 2007. Total assets at March 31, 2008 and June 30, 2007 were comprised primarily of $3,579,000 and $364,000, respectively, of cash and $1,450,000 and $1,723,000, respectively, of patents/intellectual property. The Company had a working capital surplus of $927,000 at March 31, 2008 and a working capital deficit of $1,208,000 at June 30, 2007. Subsequent to the end of the quarter, the Company repaid $859,000 plus all of the interest and fees ($59,487) owed on the Critical Capital and Sands Brothers Note and made a partial principal payment of $628,000 on the AirWorks and Hilltop Notes.

Net cash provided in operating activities for the period ending March 31, 2008 was $1,011,000 compared with $1,560,000 net cash used in operating activities in the comparable period in 2007.

Business Update

Micro-Cooling License. During the quarter ended March 31, 2008, Kronos executed the sale and licensing of certain intellectual property (IP) rights related to Kronos proprietary technologies to Tessera Technologies, Inc., a leading provider of miniaturization technologies for the electronics industry. Kronos received a one-time $3.5 million payment from Tessera in exchange for the transfer of select Kronos patents covering micro-cooling applications and an exclusive license to the Kronos technology for ionic micro-cooling of integrated circuit devices or discrete electrical components. Kronos retains the rights to use these patents for applications outside of the field of micro-cooling. Tessera has the further right to acquire additional Kronos IP relating to micro-cooling applications, and the two companies have the option to continue to jointly develop new technologies in this field.

Consumer Standalone Air Purification Products. During the nine months of fiscal 2008, Kronos executed a Letter of Intent for the development, manufacture and sale of air purification devices, based upon Kronos' proprietary air movement and purification technology, with a leading national retailer. Under the terms of the Letter of Intent, the retailer has paid Kronos a portion of the development cost toward the new products and will contribute resources to assist in the product development process. The intent of the parties is for Kronos to lead and manage all development, production and manufacturing activities for the Kronos air purifier and for the retailer to actively market the Kronos air purifier through their distribution channels. In December 2007, Kronos completed the design and developed an Alpha Prototype for the customer. In January 2008, the parties initiated negotiations of a definitive Product Development and Purchase Agreement. In February 2008, the retailer filed for bankruptcy, which could negatively impact the Company's ability to finalize a definitive agreement and receive additional funds from the retailer. During the nine months ended March 31, 2008, Kronos received $250,000 in product development fees.

Consumer Kitchen Range Hood Products. In addition, during the nine months of 2008, Kronos continued its development of a silent kitchen range hood application based on its proprietary technology. In October 2007, under the terms of a development agreement, Kronos shipped additional range hood prototypes to a global consumer products customer for testing and evaluation. During the nine months ended March 31, 2008, Kronos earned $34,000 in product development fees.

Medical Air Purification Products. During the first nine months of 2008, Kronos earned $45,000 in revenue from licensing fees from its license agreement with EOL, Kronos' medical partner for manufacturing and distributing Kronos air purifiers in Russia and other Commonwealth of Independent States.

Additional details of the Company's results can be found in its quarterly report on Form 10-QSB filed with the SEC on May 15, 2008 at http://www.sec.gov/ or at http://www.kronosati.com/.

About Kronos Advanced Technologies, Inc.

Through its wholly-owned subsidiary, Kronos Air Technologies, Inc., Kronos Advanced Technologies has developed a new, proprietary air movement and purification system that utilizes state-of-the-art high voltage electronics and electrodes to silently move and clean air without any moving parts. Kronos is actively commercializing its technology for standalone and embedded products across multiple residential, commercial, and industrial markets. Kronos' technology is versatile, energy- and cost-efficient and exhibits multiple design attributes, creating a broad range of applications. Kronos' business strategy includes a combination of building internal capabilities, establishing strategic alliances and structuring licensing arrangements. Kronos Advanced Technologies is located in Belmont, MA. More information about Kronos Advanced Technologies is available at http://www.kronosati.com/.

Safe Harbor Provision

This news release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, Kronos' views on future financial performance, market growth, capital requirements, new product introductions and acquisitions, and are generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, managements, including management's own knowledge and assessment of Kronos' industry, R&D initiatives, competition and capital requirements. Other factors and uncertainties that could affect Kronos' forward-looking statements include, among other things, the following: identification of feasible new product initiatives, management of R&D efforts and the resulting successful development of new products and product platforms; acceptance by customers of Kronos' products; substantial expansion of international sales; reliance on key suppliers; the potential need for changes in long-term strategy in response to future developments; competitive factors, including pricing pressures and the introduction by others of new products with similar or better functionality than our products, and ability to obtain additional financing necessary to continue operations . These and other risks are more fully described in Kronos' filings with the Securities and Exchange Commission, including Kronos' Annual Report on Form 10-KSB for the year ended June 30, 2007. Kronos undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Daniel Dwight, +1-617-364-5089

Kronos Advanced Technologies, Inc.

CONTACT: Daniel Dwight, +1-617-364-5089

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

China Display Technologies Reports Record First Quarter 2008 Results

SHENZHEN, China, May 16 /Xinhua-PRNewswire-FirstCall/ -- China Display Technologies, Inc. (BULLETIN BOARD: CDYT) (''China Display'', or ''the Company''), a leading manufacturer of optoelectronic products, specializing in small- to mid-sized LED and CCFL backlight units for LCD displays in China, today reported record financial results for the first quarter of 2008.

First Quarter 2008 Highlights -- Revenues increased 46.4% compared to the same period of 2007 to $6.7 million -- Gross profits rose 49.7% from the first quarter of 2007 to $1.5 million, representing 22.3% of sales -- Income from operations was up 54.8% versus the same period last year to $1.1 million -- Net income totaled $0.8 million, up 32.3% from the first quarter of 2007 -- Earnings per basic and diluted share were $0.07 and $0.04 respectively, compared to $0.05 in the first quarter of 2007 -- Announced a Share Exchange Agreement to improve the capital structure

"During the quarter we continued to see strength in our sales and net income growth driven by an increase in demand for our products from small- screen LCD module manufacturers. Our growth was also driven by our successful market expansion efforts in both foreign and domestic markets,'' said Mr. Lawrence Chan, CEO of China Display Technologies. "We believe 2008 should be another strong year for us. We will continue our efforts to achieve greater market share and improve our product mix and target the large-sized LED BLU market."

First Quarter 2008 Results

Revenues for the first quarter of 2008 were $6.7 million, up 46.4% as compared to $4.6 million for the same period of 2007. The increase was primarily due to increased demand for BLU products from small screen liquid crystal display manufacturers and the Company's successful market expansion efforts.

Cost of sales for the three months of 2008 was $5.2 million. Gross profit was up 49.7% to $1.5 million, an increase of $0.5 million, from $1.0 million for the first quarter of 2007, representing gross margins of 22.3% compared to 21.8% in the first quarter of 2007. Gross margins increased as a result of the Company's improved operational management, increase in revenue and cost controls.

Total operating expenses for the first quarter of 2008 were $0.4 million, up 38.7% from the same period in 2007, which was primarily attributable to increased selling expenses. During the quarter, selling expenses increased to $0.2 million in an effort to expand the Company's market share and promote new products. Research and development expenses rose 18.4% compared to the same period of 2007, which was a result of increased efforts to develop new projects. General and administrative expenses increased slightly.

Income from operations increased 54.8% to $1.1 million in the first quarter of 2008, representing operating margins of 15.8%, as compared to 14.9% in the same period of 2007.

Net interest expense for the first quarter of 2008 was $164,769 compared to $9,512 of net interest expense for the comparable period of 2007, as a result of a new short term bank loan in the first quarter of 2008.

In the first quarter of 2008, the Company recorded a $67,928 provision for income taxes as a result of the 50% tax holiday effective in 2007, 2008 and 2009 under Chinese tax law.

As a result of the foregoing, net income available to common shareholders for the first quarter of 2008 was $0.8 million or $0.07 per share basic, an increase of 32.3% from $0.6 million, or $0.05 per share basic for the comparable period of 2007. The earnings per share diluted were $0.04, down 20% from $0.05 per share diluted in the first quarter of 2007.

Financial Condition

As of March 31, 2008, China Display had $4.6 million in cash and cash equivalents, as well as $2.0 million restricted cash. Working capital ended March 31, 2008 was approximately $10.7 million, compared to $9.1 million as of December 31, 2007. Accounts receivable was $ 6.1 million, or 32.3% of current assets, compared to $5.3 million, or 29.8% of current assets at December 31, 2007. The Company had $5.2 million of short term bank loans, which were due in the second quarter of 2008 with interest rates ranging from 6.44% to 9.50%. Shareholder's equity in the first quarter of 2008 stood at $14.3 million compared to $12.6 million as of December 31, 2007.

During the first quarter of 2008, cash flow provided by operations amounted $1.6 million compared to net cash used in operating activities of $0.7 million in the first quarter of 2007. Cash used in investing activities was $0.6 million, which was used to purchase property and equipment.

Business Outlook

China Display produces backlights for products using LED light source technology, which allows for a higher level of output than other types of panel displays. It has become the mainstream technology in today's display market with demand for such technology increasing by 10% to 15% per year in recent years. The market is large and growing. In the Displaybank TFT-LCD shipment result report, shipments of large-size TFT-LCD panels, 10-inch and larger, jumped by 41% from 2006 to 393.47 million units in 2007, and shipment area also soared by 57.4% to 5,276 million square meters (Msqm). Revenues also reached $71.7 billion, up 35.7% from the previous year, and according to Stanley Jeong, IDC research manager, Global TFT-LCD Research, the revenue is projected to increase to $94 billion by 2010. Backlight units are one of the most critical components used in LCDs, and account for 20% to 30% of the overall cost of an LCD.

China Display focuses on small- to medium-size LED backlight unit manufacturing; mobile phone displays continue to represent the majority of shipments in the small- to medium-sized category. While this market remains very attractive and profitable, the Company is now developing the large-size back lighting unit, targeting the LCD-TV market which is considered to enjoy a relatively high profit margin.

"We continue to benefit from a rapidly growing market for backlight unit products, resulting from increased consumption of end products and expanded applications for LCDs on all kinds of machines and electronics,'' said Mr. Lawrence Chan, CEO of China Display, ''In addition, we have taken advantage of the favorable industry environment to improve our production facilities and to accelerate the pace of developing new products, such as the large sized backlight unit.''

About China Display Technologies, Inc.

China Display Technologies, Inc. through its wholly-owned subsidiary Suny Electronics (Shenzhen) Company Limited (''SUNY'') in China, designs, manufactures and markets small- to mid-sized Light Emitting Diode (LED) and Cold Cathode Fluorescent Lamp (CCFL) backlights for various types of Liquid Crystal Displays (LCDs). Its products have applications in electronic consumer products, such as mobile phones, PDAs, GPS systems, portable DVD/VCD players, MP3s and MP4s, medical equipment and household appliances with displays. SUNY was organized in November 2004 and started operations in 2005. It has experienced rapid growth and became a publicly-traded company, listed on the OTC market, through a reverse merger in September 2007. The Company has 800 employees, with manufacturing facilities and management located in Shenzhen, China.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. 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 the Company or to 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 DISPLAY TECHNOLOGIES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, December 31, ASSETS 2008 2007 Current Assets Cash and cash equivalents $ 4,570,098 $ 2,949,356 Restricted cash 1,971,561 2,039,314 Trade receivables, net of allowance for doubtful accounts 6,085,985 5,279,282 Inventories, net 2,361,508 1,692,934 Advances to suppliers 3,719,590 5,498,257 Prepaid expenses and other receivables 98,708 259,170 Total Current Assets 18,807,450 17,718,313 Property and Equipment, net 2,890,731 2,441,264 Other assets 632,869 1,059,222 Total Assets $ 22,331,050$ 21,218,799 LIABILITIES Current Liabilities Accounts Payables and accrued liabilities $ 2,119,392 $ 2,132,499 Short term bank loans 5,231,616 5,600,896 Various taxes payable 252,453 383,397 Wages payable 106,162 103,944 Corporate taxes payable 334,313 432,532 Amount due to director 31,081 Total Current Liabilities 8,075,017 8,653,268 Due to related party-Chen Guoxin -- Total Liabilities 8,075,017 8,653,268 -- Commitments and Contingencies -- Stockholders' Equity Series A convertible preferred stock, $.001 par value; 20,000,000 shares authorized; 3,703,704 shares issued and outstanding; liquidation preference $4,000,000 6,961 3,704 Common stock. $.001 par value; 100,000,000 shares authorized; 11,600,000 shares issued and outstanding 11,943 11,600 Additional paid-in capital 6,405,309 6,083,501 Accumulated other comprehensive income 1,230,120 692,625 Statutory reserves 198,550 198,550 Retained earnings 6,403,150 5,575,551 Total Stockholders' Equity 14,256,033 12,565,531 Total Liabilities and Stockholders' Equity $ 22,331,050$ 21,218,799 CHINA DISPLAY TECHNOLOGIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For the Period Ended March 31, 2008 2007 Revenues $ 6,723,693 $ 4,592,390 Cost of Sales 5,222,193 3,589,555 Gross Profit 1,501,500 1,002,835 Operating Expenses: Selling Expenses 158,831 63,469 Research and development 125,793 106,288 General and administrative 155,978 147,886 Total Expenses 440,602 317,643 Income from Operations 1,060,898 685,192 Other Income (Expenses): Other (602) 538 Interest Income 2,303 56 Interest Expense (167,072) (9,568) Total Other Income (Expenses) (165,371) (8,974) Income Before Income Taxes 895,527 676,218 50,716 Provision for Income Taxes 67,928 Net Income 827,599 625,502 Net Income available to common shareholders $ 827,599 $ 625,502 Net earnings per share of common stock, basic$ 0.07 $ 0.05 Weighted average number of shares outstanding, basic 11,751,228 11,376,000 Net earnings per share of common stock, diluted $ 0.04 $ 0.05 Weighted average number of shares outstanding, diluted 22,781,724 11,376,000 CHINA DISPLAY TECHNOLOGIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) For the Period Ended March 31, 2008 2007 Cash flows from operating activities Net income $ 827,599 $ 625,502 Adjustments to reconcile net income to cash provided by (used in) operating activities: Depreciation 141,356 99,366 Changes in operating assets and liabilities: Decrease (Increase) in assets: Accounts receivable, net (806,703) (905,305) Advances to suppliers 1,778,667 Inventories, net (668,573) (207,979) Prepaid expenses and other receivables 160,462 (40,548) Other assets 426,353 -- Increase (Decrease) in liabilities: Accounts payables and accrued liabilities (13,107) (208,413) (124,401) Various tax payable (130,944) Wage payable 2,218 (109) Corporate tax payable (98,219) 50,916 Net cash provided by (used in) operating activities 1,619,109 (710,971) Cash flows from investing activities Purchase of property and equipment (590,823) (22,170) Net cash used in investing activities (590,823) (22,170) Cash flows from financing activities Increase in restricted cash 67,753 -- Proceeds from loans payable 638,083 Repayment to Short term loan (369,280) -- Net Proceeds from warrant exercise 325,407 -- Amount due to director 31,081 -- Repayment of related party loans 110,504 Net cash provided by (used in) financing activities 54,961 748,587 Effect of exchange rate changes on cash 537,495 18,541 Net increase (decrease) in cash 1,620,742 33,987 Cash, beginning of period 2,949,356 134,991 Cash, end of period $ 4,570,098 $ 168,978 Supplemental disclosure information: Interest expense paid $ 167,072 $ 9,568 Income taxes paid $ 185,656 $ -- For more information, please contact: Company Contact: Mr. Jason Wong Executive Vice President China Display Technologies, Inc. Tel: +852-9257-8928 Email: jason@suny.hk 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 Display Technologies, Inc.

CONTACT: Company Contact, Mr. Jason Wong, Executive Vice President of
China Display Technologies, Inc., +852-9257-8928, or jason@suny.hk; or nvestor
Relations Contact, Mr. Crocker Coulson of President of CCG Elite Investor
Relations, +1-646-213-1915 (NY office), or crocker.coulson@ccgir.com

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

NetDragon Donates RMB1.5 Million to Sichuan Earthquake Victims

HONG KONG, May 16 /PRNewswire/ --

One of the leading game developers and operators in the PRC, NetDragon Websoft Inc. ("NetDragon" or the "Company", with its subsidiaries collectively the "Group"; Stock Code: 8288.HK) is donating a total value of RMB1.5 million in cash and goods to support recovery work in Sichuan following the recent earthquake.

The donation includes a cash donation of RMB1 million and a total value of RMB500,000 in terms of transportation vehicles, drinking water, food, lighting equipments and power generators. The goods will soon be leaving for the disaster areas to help earthquake victims rebuild their lives.

NetDragon has also appealed to its staff with medical know-how to form a volunteer team in supporting the much needed relief operations. The NetDragon medical team will depart for Sichuan shortly. The Company's staff have also organized various charitable works and make voluntary donations to help the earthquake victims. As of today, NetDragon staff has donated over RMB50,000 to the Fuzhou branch of Red Cross.

About NetDragon Websoft Inc.

NetDragon Websoft Inc. is one of the leading online game developers and operators in the PRC. The Group's game portfolio consists of a range of MMORPGs (Massively Multiplayer Online Role-Playing Games) that cater to various types of players and gaming preferences. The Group has successfully developed and marketed many popular online games in various styles. Its current offerings include the games Eudemons Online, Conquer Online, Zero Online, Tou Ming Zhuang Online, Era of Faith, and Monster & Me. Some of the games are available in foreign languages, including English, French and Spanish. The Group also has three new games in the pipeline, namely Heroes of Might and Magic Online, Way of the Five and Tian Yuan, all expected to be launched in 2008. NetDragon was listed on the GEM board of the Stock Exchange of Hong Kong on 2 November 2007 (Stock Code: 8288.HK). For more information, please visit http://www.nd.com.cn .

Issued by Porda International (Finance) PR Group for and on behalf of NetDragon Websoft Inc.

For more information, please contact: NetDragon Websoft Inc. Ms. Angelina Li (Investor Relations Officer) Tel: +852-6303-1722 or +86-1380-9508-688 Fax: +852-2850-7066 Email: angelinali@nd.com.hk

Web Site: http://www.nd.com.cn

NetDragon Websoft Inc.

Ms. Angelina Li (Investor Relations Officer), +852-6303-1722, or +86-1380-9508-688, or fax, +852-2850-7066, or angelinali@nd.com.hk

Photonic Products Group, Inc. Sales up in First Quarter of 2008

NORTHVALE, N.J., May 16 /PRNewswire-FirstCall/ -- Photonic Products Group, Inc. (BULLETIN BOARD: PHPG) has reported its consolidated financial results for its first quarter, which ended March 31, 2008.

Revenues for the first quarter were $4,164,000, up 17.6% from the same period last year.

Orders for the first three months were up 38% to $6,851,000 compared to $4,960,000 in the first three months of 2007. The backlog at the end of the first quarter was $12,359,000, up 46.3% from the same point last year, and up 27.8% from the backlog on December 31, 2007.

Gross profit for the quarter was $1,502,000, or 36.1%, compared with a gross profit of $1,382,000, or 39.0% in last year's first quarter.

The Company reported net income of $491,200 for the quarter just ended which compares with $434,800 for the same period last year. This quarter's result included a benefit from income taxes of $102,000, reflecting recognition of a deferred tax asset. Earnings per share were $0.05 basic and $0.03 diluted. This compares with $0.06 basic and $0.04 diluted in the first quarter of 2007.

Dan Lehrfeld, President and CEO of PPGI commented, "In 2008, our top line is off to a good start overall with revenues, customer orders, and backlog all setting new records in the first quarter. Timing of our customer's release of major orders varies, and that affected our first quarter bookings favorably. While we don't expect our order intake for the full year to reflect this past quarter's pace, we look forward to positive results from our initiatives to expand sales channels and pursue business development opportunities across a broader front.

Notwithstanding the Company's overall good performance for the quarter, we experienced production problems at our Florida facility which are negatively impacting our production and our delivery schedules. We've been expanding capacity within our operations in order to meet our current record customer backlogs and projected customer needs, but ran into difficulties in Florida. This adversely affected our consolidated revenues and gross profits for the quarter. Both our corporate and regional management are focused on solving these problems. We are working closely with our customers to minimize the impact to them from these difficulties."

Mr. Lehrfeld continued, "In addition, we are shifting this year to a business and product mix characterized by higher material content and higher cost of goods sold percentage. We anticipate these structural changes will result in higher revenues and solid profitability, but our overall gross profit margin percentage will trend lower from last year's highs as a result.

We continued the balance sheet strengthening initiative we aggressively pursued in 2007 with the repayment this March of our $1,700,000 senior secured note and accrued interest of $477,000. With this payment, and the redemption for cash of a $1,000,000 convertible note, last year, we have retired over $4,000,000 in debt principal and accrued interest during the past 15 months. We have also retired via conversion into common shares all of our $2,582,000 in convertible preferred shares.

We had a net cash deployment into operations of $223,000, including payout of $477,000 of accrued interest vs. a positive cash flow from operations of $287,000 in the same period last year. Our net cash flow decrease for the period was $1,403,925, reflecting both the accelerated payment of our senior secured note, and increased capital investments into operations. We ended the quarter with a clean and strong balance sheet, and a cash balance of $2,992,000."

Founded in 1973, Photonic Products Group, Inc. develops, manufactures, and markets products and services for use in diverse Photonics industry sectors via its portfolio of distinctly branded businesses. INRAD specializes in crystal-based optical components and devices, laser accessories and instruments. Laser Optics specializes in precision custom optical components, assemblies, and optical coatings. MRC Optics' business specializes in precision diamond turned optics, metal optics, and opto-mechanical and electro-optical assemblies. PPGI's customers include leading corporations in the Defense and Aerospace, Laser Systems, and Process Control and Metrology sectors of the Photonics Industry, as well as the U.S. Government. Its products are also used by researchers at National Laboratories and Universities world-wide.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes", "expects", "should", "will", "plan", "anticipate", "targeting" or similar words. Such forward-looking statements, such as our expectation for revenues, new orders, and income, involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward looking statements are, but are not limited to, uncertainties in market demand for the company's products or the products of its customers, future actions by competitors, inability to deliver product on time, inability to implement its growth strategies or to integrate new operations, inability to realize synergies from its acquisitions, inability to raise capital, inability to retain key employees or hire new employees, and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. The forward looking statements made in this news release are made as of the date hereof and Photonic Products Group, Inc. does not assume any obligation to update publicly any forward looking statement.

PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS March 31, December 31, 2008 2007 (Unaudited) (Audited) Assets Current assets: Cash and cash equivalents $2,992,020 $4,395,945 Accounts receivable (net of allowance for doubtful accounts of $15,000 in 2008 and 2007) 2,366,085 2,181,859 Inventories 3,295,069 2,931,080 Deferred income taxes 102,000 - Other current assets 196,391 164,065 Total Current Assets 8,951,565 9,672,949 Plant and equipment: Plant and equipment at cost 13,876,592 13,690,229 Less: Accumulated depreciation and amortization (10,440,400) (10,189,853) Total plant and equipment 3,436,192 3,500,376 Precious Metals 112,851 112,851 Goodwill 1,869,646 1,869,646 Intangible Assets, Net of Accumulated Amortization 810,503 830,144 Other Assets 55,260 91,981 Total Assets $15,236,017 $16,077,947 Liabilities and Shareholders' Equity Current Liabilities: Current portion of notes payable - other $14,814 $14,814 Accounts payable and accrued liabilities 2,524,631 2,741,966 Customer advances 570,539 870,550 Current obligations under capital leases 25,082 47,088 Related party secured note due within one year - 1,700,000 Total Current Liabilities 3,135,066 5,374,418 Secured and Convertible Notes Payable 2,500,000 2,500,000 Other Long Term Notes 487,031 490,730 Total Liabilities 6,122,097 8,365,148 Commitments and Contingencies: Shareholders' equity: Common stock: $.01 par value; 60,000,000 authorized 10,912,937 shares issued at March 31, 2008 and 10,104, 719 issued December 31, 2007 109,128 101,046 Capital in excess of par value 16,222,610 15,320,771 Accumulated deficit (7,202,868) (7,694,068) 9,128,870 7,727,749 Less - Common stock in treasury, at cost (4,600 shares respectively) (14,950) (14,950) Total Shareholders' Equity 9,113,920 7,712,799 Total Liabilities & Shareholders' Equity $15,236,017 $16,077,947 PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) Three Months Ended March 31, 2008 2007 Total Revenue $4,164,248 $3,540,874 Cost and Expenses: Cost of goods sold 2,662,655 2,159,374 Selling, general and administrative expenses 986,813 856,728 Total Cost and Expenses 3,649,468 3,016,102 Income from operations 514,780 524,772 Other expense: Interest expense, net 75,580 74,912 Income before income taxes 439,200 449,860 Benefit from (provision for) income taxes 52,000 (15,000) Net income applicable to common shareholders $491,200 $434,860 Net income per common share - basic $0.05 $0.06 Net income per common share - diluted $0.03 $0.04 Weighted average shares outstanding-basic 10,535,075 7,902,763 Weighted average shares outstanding-diluted 15,862,817 13,491,585 PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) Three Months Ended March 31, 2008 2007 Cash flows from operating activities: Net income $491,200 $434,860 Adjustments to reconcile net income to cash (used in) provided by operating activities: Depreciation and amortization 270,188 284,136 401K common stock contribution 160,181 166,693 Deferred income taxes (102,000) - Stock based compensation 18,573 9,105 Changes in operating assets and liabilities: Accounts receivable (184,226) 201,232 Inventories (363,989) (235,693) Other current assets (32,326) 29,075 Other assets 36,721 (2,554) Accounts payable and accrued liabilities (217,335) (381,431) Customer advances (300,011) (218,072) Total adjustments (714,224) (147,509) Net cash (used in) provided by operating activities (223,024) 287,351 Cash flows from investing activities: Capital expenditures (186,363) (30,241) Net cash used in investing activities (186,363) (30,241) Cash flows from financing activities: Proceeds from issuance of common stock 139,580 - Exercise of warrants 591,587 - Principal payments of secured note payable (1,700,000) - Principal payments of notes payable (3,699) (24,441) Principal payments of capital lease obligations (22,006) (62,880) Net cash used in financing activities (994,538) (87,321) Net (decrease) increase in cash and cash equivalents (1,403,925) 169,789 Cash and cash equivalents at beginning of period 4,395,945 3,078,052 Cash and cash equivalents at end of period $2,992,020 $3,247,841

Photonic Products Group, Inc.

CONTACT: Daniel Lehrfeld, President and CEO of Photonic Products Group,
Inc., +1-201-767-1910, fax +1-201-767-9644, dlehrfeld@ppgrpinc.com

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

Teneros Announces New Leadership, Appoints Ben Petro as Chief Executive Officer

MOUNTAIN VIEW, Calif., May 16 /PRNewswire/ -- Teneros (http://www.teneros.com/) today announced that its board of directors has named Ben Petro as the company's new president and CEO, replacing Teneros' founder Steve Lewis, who has stepped down from the position. Petro, the former senior vice president of NeuStar's Ultra Services group, will lead Teneros as the company continues to leverage its award-winning technology and financial strength to expand its leadership position in Microsoft(R) infrastructure application continuity solutions to enterprises globally.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060925/SFM078LOGO)

"Steve has built a world-class company over the last four years and the investors and stockholders appreciate his fine work. Together with Steve, we welcome Ben Petro to the Teneros team," said Scott Sandell, general partner at New Enterprise Associates and Teneros board member.

"Working with the Teneros board of directors, we found an amazing CEO in Ben Petro," commented Lewis. "Ben has a proven track record for successful business growth that is essential to cementing Teneros' leadership position." Lewis will continue in an advisory position with the company and will assist with strategic customer relationships.

Petro added, "Steve has built a fantastic team that has innovated a suite of award-winning products to address an essential business requirement. With hundreds of satisfied customers, strong sales momentum, and a great balance sheet, Teneros is strategically positioned to disrupt the market. I look forward to taking Teneros to the next level."

Petro is uniquely qualified to drive Teneros' growth and success. He is a proven, focused leader with a track record of delivering shareholder value, customer satisfaction and global product adoption in the Fortune 1000 and enterprise vertical.

From 2001 through 2006, Petro served as CEO and president of UltraDNS, the number one provider of managed domain name system (DNS) and traffic management solutions. During his tenure as CEO of UltraDNS, Petro grew the company from near inception to become the undisputed leader in its market. He established market leadership by delivering 800% growth in the company's customer base. Today, UltraDNS technology has been adopted by thousands of global customers and powers more than 20% of all registered domain names. Petro also drove gross margins to exceed 85% in 2005, and achieved a five-year-revenue compound annual growth rate of 101%, crowned by 75% year-over-year revenue growth for 2005. These accomplishments culminated in the successful acquisition of UltraDNS by NeuStar, Inc. in April of 2006.

Following the acquisition, Petro became SVP of NeuStar's Ultra Services, which was the company's highest-growth division during the past two years under Petro's leadership. Prior to his appointment as CEO of UltraDNS, Petro served as the company's chief marketing officer where he leveraged his experience in marketing, product planning, business alliance development and strategic/financial planning to develop and bring to market a carrier-class product and gain significant customer traction.

Before joining UltraDNS, Petro was vice president of marketing at Edge Connections, where he was responsible for creating and implementing its national brand, deploying a successful strategy for its service offering, and forging key strategic alliances necessary for the company's subsequent long-term growth. As director of marketing for Logix Communications, Petro launched the company's CLEC/broadband services in over 20 markets. Petro also held leadership positions in marketing and strategy at MCI Communications and communications consulting firm, QSI.

About Teneros

Founded in 2003, Teneros has pioneered a new product category that assures continuity of operations for the mission-critical Microsoft applications fueling corporations worldwide -- the Teneros Application Continuity Appliance(TM). Funded by Advanced Equities Financial Corp., Goldman Sachs, New Enterprise Associates (NEA), Sevin Rosen Funds, and STAR Ventures, the company produces plug-&-go(TM) business continuity appliances that assure 99.99%-99.999% uptime of Microsoft infrastructure applications.

Teneros is an Advanced Infrastructure Solutions Microsoft Gold Partner and is the recipient of the 2007 Microsoft Partner of the Year Award, OEM Hardware Solutions, Device Manufacturing. Teneros is a winner of the 2008 Red Herring 100 award, was selected as CRN's 2007 and 2006 Emerging Tech Dynamo, and was honored by AlwaysOn as an AO 100 Private Company Award winner in 2006 and 2007. The company is headquartered at 321 East Evelyn Ave in Mountain View, Calif., 94041. More information is available at http://www.teneros.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060925/SFM078LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Teneros

CONTACT: Cynthia Harris of PR Strategy Group, +1-650-520-8343,
charris@prstrategygroup.com, for Teneros

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

CyberSource CEO and CFO to Speak at the JPMorgan 36th Annual Technology Conference and Wedbush Management Access Conference

MOUNTAIN VIEW, Calif., May 16 /PRNewswire-FirstCall/ -- CyberSource Corporation , a leading provider of electronic payment and risk management solutions, announced today that Bill McKiernan, chairman and chief executive officer, and Steven Pellizzer, chief financial officer, will speak at the JPMorgan 36th Annual Technology Conference in Boston, MA, on May 20, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)

CyberSource also announced that Steven Pellizzer and Bill McKiernan will speak at the Wedbush Morgan Securities MAC: Management Access Conference in New York, NY, on May 21, 2008. Mr. McKiernan will discuss CyberSource's position in the industry and its principal initiatives; Mr. Pellizzer will address the company's financial performance.

About CyberSource

CyberSource Corporation is a leading provider of electronic payment and risk management solutions. CyberSource solutions enable electronic payment processing for Web, call center, and POS environments. CyberSource also offers industry leading risk management solutions for merchants accepting card-not- present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Approximately 237,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales, service, and development offices in Japan, the United Kingdom, and other locations in the United States including Bellevue, Washington, American Fork, Utah and Austin, Texas. For more information on CyberSource please visit http://www.cybersource.com/ or email info@cybersource.com. For more information on Authorize.Net small business solutions, please visit http://www.authorize.net/ or email sales@authorize.net.

(C) 2008 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S. and other countries. Authorize.Net is a registered trademark in the U.S. All other brands and product names are trademarks or registered trademarks of their respective companies.

Photo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com CyberSource Corporation

CONTACT: Katrina Rymill of CyberSource Corporation, +1-650-965-6154,
krymill@cybersource.com

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

Consolidated Communications Holdings to Present at Lehman Brothers' Worldwide Wireless and Wireline Conference on May 29, 2008

MATTOON, Ill., May 16 /PRNewswire-FirstCall/ -- Consolidated Communications Holdings, Inc. is scheduled to present at Lehman Brothers' Worldwide Wireless and Wireline Conference on Thursday, May 29th at 9:30 a.m. PT/11:30 a.m. CT/12:30 p.m. ET. Presenting from management will be Bob Currey, president and chief executive officer, and Steve Childers, chief financial officer. The event is being held at the Hilton Hotel in New York City.

An audio webcast of management's presentation will be available live and for replay and can be accessed from the "Investor Relations" section of the company's website at http://www.consolidated.com/.

About Consolidated

Consolidated Communications Holdings, Inc. is an established rural local exchange company providing voice, data and video services to residential and business customers in Illinois, Texas and Pennsylvania. Each of the operating companies has been operating in its local market for over 100 years. With approximately 282,641 ILEC access lines, 72,827 Competitive Local Exchange Carrier (CLEC) access line equivalents, 84,313 DSL subscribers, and 13,026 IPTV subscribers, Consolidated Communications offers a wide range of telecommunications services, including local and long distance service, custom calling features, private line services, high-speed Internet access, digital TV, carrier access services, and directory publishing. Consolidated Communications is the 13th largest local telephone company in the United States.

Consolidated Communications Holdings, Inc.

CONTACT: Company, Matt Smith, Director, Investor Relations of
Consolidated Communications Holdings, Inc., +1-217-258-9522,
investor.relations@consolidated.com; or Investor Relations, Kirsten Chapman of
Lippert|Heilshorn & Associates, +1-415-433-3777, kchapman@lhai.com, for
Consolidated Communications Holdings, Inc.

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

MTS Announces Subscriber Growth Numbers for April 2008

MOSCOW, May 16 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC ("MTS") , the largest mobile phone operator in Russia and the CIS, announces that it's consolidated subscriber base reached 85.68 million users on April 30, 2008.

During April 2008, MTS' consolidated subscriber base increased by 0.74 million subscribers.

Subscribers (mln) Apr 30, Mar 31, Growth Apr 30, Growth 2008 2008 2007 Subs % Subs % Total 85.68 84.94 0.74 0.9% 74.52 11.16 15.0% consolidated subscribers, end of period Russia 60.45 59.90 0.55 0.9% 51.84 8.61 16.6% Moscow and the 13.97 13.95 0.02 0.2% 11.62 2.35 20.2% Moscow region St. Petersburg 2.91 2.88 0.03 1.0% 2.60 0.31 12.0% and the Leningrad region Rest of Russia 43.57 43.06 0.51 1.2% 37.62 5.95 15.8% Ukraine 19.46 19.61 -0.15 -0.7% 20.68 -1.22 -5.9% Uzbekistan 3.84 3.56 0.28 7.9% 1.80 2.04 113.1% Turkmenistan 0.50 0.47 0.03 7.3% 0.21 0.29 137.9% Armenia 1.44 1.42 0.02 1.6% - - - MTS Belarus(1) 3.96 3.94 0.02 0.4% 3.38 0.58 17.2%

Mobile TeleSystems OJSC ("MTS") is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 85.68 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found on MTS' website at http://www1.mtsgsm.com/.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

(1) MTS owns a 49% stake in Mobile TeleSystems LLC, a mobile operator in Belarus, which is not consolidated.

For further information, please contact: Mobile TeleSystems, Moscow Investor Relations Tel: +7-495-223-2025 E-mail: ir@mts.ru

Mobile TeleSystems OJSC

CONTACT: For further information, please contact: Mobile TeleSystems,
Moscow Investor Relations, Tel: +7-495-223-2025, E-mail: ir@mts.ru

'THE YOUNG AND THE RESTLESS' LAUNCHES ONLINE FASHION AND LIFESTYLE MAGAZINE RESTLESSSTYLE.COMThe #1 Rated Daytime Drama Reveals Current Digital Extension

LOS ANGELES, May 16 /PRNewswire/ -- Today, "THE YOUNG AND THE RESTLESS" ("Y&R") is launching an extensive online fashion and lifestyle magazine, RestlessStyle.com, to coincide with the launch of their in-show print magazine Restless Style. The site offers the latest runway trends, fresh beauty tips and red carpet coverage, in addition to such things as videos, polls, photo galleries and horoscopes. RestlessStyle.com is a destination outlet which provides fashion and lifestyle enthusiasts the opportunity to absorb cutting edge content and fashion coverage. The digital content will run concurrently with the upcoming "Y&R" storylines relating to Restless Style -- the print magazine run by Nicholas and Phyllis Newman (Joshua Morrow and Michelle Stafford) and Jack and Sharon Abbott (Peter Bergman and Sharon Case).

(Logo: http://www.newscom.com/cgi-bin/prnh/20080424/LATH509LOGO)

George Kotsiopoulos, formerly of The New York Times Magazine, and currently style director at C Magazine, is lending his fashion and style expertise for this venture and will also be appearing on "Y&R" as a fashion consultant. Additionally, lifestyle and fashion writer/editor/reporter Peter McQuaid, who contributes to The New York Times Magazine, InStyle Magazine and The Los Angeles Times, is also joining George for this venture by overseeing and providing editorial content for RestlessStyle.com.

"We love being able to offer this innovative extension of our show not only to our loyal viewers, but to anyone who loves to follow fashion, beauty and trends. 'Y&R' has always had a glamorous edge to it, while still remaining accessible to viewers. We feel this site will offer something for everyone while also providing additional story elements for our fans that will run alongside what you see on the show everyday," said Josh Griffith, executive producer, "THE YOUNG AND THE RESTLESS."

Furthermore, fans of the daytime drama will be able to see things from the show crossing over onto the site, blurring the lines between reality and fantasy, while engaging users with interactive features such as a slideshow widget, powered by Moblyng (formerly known as Fliptrack), that allows personal photos depicting favorite fashion trends to be uploaded onto the site. Users can also grab the widget and embed it onto their blogs, social networks and websites. The site also allows fans to customize their own playlist from the five different themes -- New York Lifestyle, Hollywood Lounge, Summer Stylin', Paris Runway and Restless Style.

"THE YOUNG AND THE RESTLESS" has been the #1 rated daytime drama for more than 19 years and celebrated its 35th anniversary on March 26, 2008. The series is nominated for 17 2008 Daytime Emmy Awards, more than any other show, including Outstanding Drama Series. The show is broadcast weekdays (12:30-1:30 PM (ET); 11:00 AM-12:00 Noon (PT)) on the CBS Television Network and is produced by Bell Dramatic Serial Company, in association with Sony Pictures Television.

Photo: http://www.newscom.com/cgi-bin/prnh/20080424/LATH509LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com THE YOUNG AND THE RESTLESS; RestlessStyle.com

CONTACT: Teni Halburian of Sony Pictures Television, +1-310-244-6340,
Teni_Halburian@spe.sony.com

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

[video] WallSt.net's '3 Minute Press Show' Features Executive Interviews and Highlights Recent Press for the Following: KEX, AMB, ICPR, VCST, ANM, ZAGG, HMBT, NMCH, CALVF and LBWR

NEW YORK, May 16 /PRNewswire/ -- WallSt.net's 3-Minute Press Show is a daily video program hosted by WallSt.net reporter, Tracee Tolentino.

Shows air Monday through Friday on: http://tv.wallst.net/3-min-press/3-min-press.php.

WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.

The following executives were interviewed on today's show: -- Graeme O'Neill, President of Kent Exploration, Inc. (TSX.V: KEX) (http://www.kent-exploration.com/) -- Philippe Calais, President and Chief Executive Officer of Ambrilia Biopharma, Inc. (TSX: AMB) (http://www.ambrilia.com/) -- Sass Peress, Chairman and CEO of ICP Solar Technologies, Inc. (BULLETIN BOARD: ICPR) (http://www.icpsolar.com/) -- Dave Stoner, President of ViewCast Corp. (BULLETIN BOARD: VCST) (http://www.viewcast.com/) -- John Black, President and Chief Executive Officer of Antares Minerals, Inc. (TSX.V: ANM) (http://www.antaresminerals.com/) -- Robert Pedersen, President and Chief Executive Officer of ZAGG, Inc. (BULLETIN BOARD: ZAGG) (http://www.zagg.com/) -- Dr. Arthur Bollon, Chairman and Chief Executive Officer of Hemobiotech, Inc. (BULLETIN BOARD: HMBT) (http://www.hemobiotech.com/) -- Stefan Hayden, Chief Executive Officer of Caledonia Mining Corp. (OTC Bulletin Board: CALVF; TSX: CAL) (http://www.caledoniamining.com/) -- John Verges, Chief Executive Officer of NewMarket China, Inc. (BULLETIN BOARD: NMCH) (http://www.newmarketchina.com/) -- Dexter Morris, Chief Executive Officer of Labwire, Inc. (Pink Sheets: LBWR) (http://www.labwire.com/) About WallStreet Direct, Inc.

WallStreet Direct, Inc. a wholly-owned subsidiary of Financial Media Group, Inc. (BULLETIN BOARD: FNGP) , owns and operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/) an online hub for business podcasts from well-known business news personalities and publishers. We have received four hundred ninety five dollars from NewMarket China, Inc. for press release dissemination services. We have received four hundred ninety five dollars from Labwire, Inc. for press release dissemination services. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.

Contact WallSt.net 800-4-WALLST

WallStreet Direct, Inc.; Kent Exploration, Inc.; Ambrilia Biopharma,

CONTACT: WallSt.net, 1-800-4-WALLST

Web site: http://www.wallst.net/
http://www.kent-exploration.com/
http://www.ambrilia.com/
http://www.icpsolar.com/
http://www.viewcast.com/
http://www.antaresminerals.com/
http://www.zagg.com/
http://www.hemobiotech.com/
http://www.caledoniamining.com/
http://www.newmarketchina.com/
http://www.labwire.com/

Diguang International Announces Results for First-Quarter 2008

Posts Record Quarterly Revenues, Return to Profitability

SHENZHEN, China, May 16 /Xinhua-PRNewswire-FirstCall/ -- Diguang International Development Co., Ltd. (BULLETIN BOARD: DGNG) (''Diguang'') today announced financial results for the first quarter, ended March 31, 2008, of the Company's 2008 fiscal year.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070830/CNTH005LOGO ) -- Net revenue in Q1-2008 increased 139.6% compared to Q1-2007, to $16.2 million from $6.8 million -- Gross profit in Q1-2008 was $2.6 million, up 90.4% from $1.4 million in Q1-2007; gross margin in Q1 2008 was 16.3%, compared to 20.5% in Q1-2007 -- The Company realized net income to common shareholders of $168,730 in Q1-2008 compared to net loss of $1.0 million in Q1-2007 -- Sales to international customers increased 145.7%, to $11.5 million in Q1-2008 compared to $4.7 million in Q1-2007 -- The sale of LED products increased 176.8% in Q1-2008, to $7.9 million, compared to $2.9 million in Q1-2007 LED sales

Revenue for the first quarter increased 139.6%, to $16.2 million from $6.8 million in the first quarter last year. The increase was primarily attributed to increased sales from existing and new customers; increased demand from TFT- LCD panel makers; a surge in demand for LED backlights, especially in the 4'' to 10.5'' size backlight units (BLUs); an increase in backlight deliveries to large international customers in Taiwan and Korea; and the delivery of mid- size LED BLUs to a new domestic customer.

International sales totaled $11.5 million for the quarter ended March 31, 2008, an increase of 145.7% compared with $4.7 million in international sales for the quarter ended March 31, 2007. The increase was primarily attributed to the robust global demand for digital display products and, specifically, the recent surge in demand for LED backlights.

Sales to domestic (China) customers were $4.7 million in the first quarter of 2008, a 125.8% increase from the $2.1 million reported in the first quarter of 2007. The increase in domestic sales was attributed to the sale of mid-size LED products delivered to a new domestic customer.

Cost of sales was $13.6 million in the first quarter of 2008, an increase of 152.3% from the $5.4 million recorded in the first quarter of 2007. The increase was primarily attributed to increased sales volumes and higher costs for the raw materials used in backlight production.

Gross margin for the first quarter of 2008 totaled 16.3%, a decline from 20.5% in the first quarter of 2007. The decline was primarily due to continuing pricing pressure; an inability to transfer the pricing pressure to suppliers; and the Company's pricing initiatives to secure market share and introduce new products.

Total operating expenses for the first quarter of 2008 were $2.1 million, or 12.9% of sales, compared to $2.6 million, or 38.5% of sales in the first quarter of 2007. Improvement in operating expenses as a percent of sales was achieved with a 35% reduction in selling expenses and a 26% decline in general and administrative expenses, offset by a 93% increase in research and development-related expenses.

Share-based compensation amounted to approximately $139,000 during the first quarter of 2008, a decrease of $488,000, or 86%, compared with $627,000 for the first quarter last year.

GAAP net income was $169,000, compared with a net loss of $1.0 million for the quarter ended March 31, 2007. Both basic and diluted weighted average GAAP earnings per share were $0.01 for the first quarter of 2008, compared with a loss of $0.05 for both basic and diluted weighted average EPS in the first quarter of 2007. On a non-GAAP basis, (that is, after adjusting for the items set forth in the reconciliation below), net income on a non-cash flow basis was $0.4 million, or $0.02 per share.

Earnings before interest, taxes, depreciation, and amortization (''EBITDA'') for the three month periods ended March 31, 2008 and March 31, 2007, respectively, were $1.1 million, or 7% of net revenue, and negative $146,000, or 2% of net revenue. The increase in EBITDA for the quarter ended March 31, 2008, primarily resulted from management's efforts to increase revenue and reduce expenditures. The Company computes EBITDA by adding depreciation, amortization, non-cash stock-based compensation expense, interest expense, and provision for income taxes to its GAAP reported net income.

As at March 31, 2008, cash and equivalents were $8 million plus short-term deposits of $1.4 million, compared with cash and equivalents of $16.2 million at December 31, 2007. The reduction in cash and equivalents is primarily attributable to an increase in accounts receivable reflecting the higher volumes of products shipped increase in inventories and capital expenditure for expanded manufacturing capacity. The Company has no long-term debt.

''In this quarter, our strong sales growth in LED products and international business pushed our total sales revenue to a quarterly record high of $16.2 million,'' said Henry Song, President and Chief Executive Officer of Diguang International. ''Consequently, our operational performance has recovered even as we face continuing pricing pressures from increased raw material costs and lower selling prices.

''We continue to take advantage of robust global demand for LCD displays in consumer and industrial electronic products,'' Song continued, ''But improved operational performance is also coming from the efficiencies we gained from our business unit restructuring in 2007, our commitment to LED backlights as the eventual replacements for CCFL products, and our strategic steps to offer more value to our customers, such as in the production of liquid crystal modules. All of our three operating regions were profitable in the first quarter.''

Reconciliation of GAAP Net Income and Earnings Per Share to Non-GAAP Net Income and Earnings Per Share Q1 Ended December 31 2007 2008 GAAP net income/(loss) $(1,049,328) $168,730 Inventory write-down -- 53,763 Stock-based compensation 627,148 139,125 Non-GAAP net income/(loss) $(422,180) $361,618 GAAP net income/(loss) per share (0.05) 0.01 Inventory write-down 0.00 0.00 Stock-based compensation 0.03 0.01 Non-GAAP earnings/(loss) per share - basic and diluted (0.02) 0.02 Weighted average shares outstanding - basic and diluted 21,688,704 22,328,311 RECONCILIATION OF EBITDA TO NET (LOSS) INCOME Three Months Ended March 31, 2007 2008 (Unaudited) (Unaudited) Numerator: Reported (loss) income $(1,049,328) $ 168,730 Minority interest 26,251 130,080 Depreciation and amortization 239,133 500,020 Stock based compensation 627,148 139,125 Interest expenses (net) 10,852 58,426 Income tax provision -- 132,985 EBITDA $(145,944) 1,129,366 Basic EBITDA per share $ (0.01) $ 0.05 Diluted EBITDA per share $ (0.01) $ 0.05 Recent Developments

In May 2008, Diguang announced a cooperative agreement with the municipal government of Xiangfan, to supply the Company's LED general lighting technology in the city's 6,000-meter technology industrial zone. This industrial zone is just an starting site and the Company is now signing with the municipal government to replace all municipal facilities' lights to LED lights. With a population of 6.5 million, Xiangfan is the second largest city in China's Hubei province. LED general lighting represents a new product initiative for Diguang, leveraging its core technology to offer business and consumers energy savings, as well as significant environmental advantages over currently used incandescent and fluorescent lighting technologies.

Teleconference and Webcast Information

Management will conduct a conference call and webcast to discuss 2008 first quarter financial results, ended March 31, 2008. The conference call and webcast will take place at 9:00 a.m. Eastern U.S. time on Friday, May 16, 2008. Anyone interested in participating should call 866-543-6407 if calling from within the United States, or 617-213-8898 if calling internationally; the passcode is 58147526.

There will be a replay available until May 23, 2008. To listen to the playback, please call 888-286-8010 if calling within the United States, or 617-801-6888 if calling internationally. Please use passcode 65419320 for the replay.

The event will also be webcast live and a webcast archive will be available for 90 days. The webcast will be available at: http://phx.corporate-ir.net/playerlink.zhtml?c=137803&s=wm&e=1844170 and is being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at http://www.earnings.com/ , Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (http://www.streetevents.com/ ), a password-protected event management site.

Use of Non-GAAP Financial Measures

Effective January 1, 2006, the Company adopted Statement of Financial Accounting Standards (SFAS) No. 123(R), which requires the Company to begin recognizing compensation expense relating to stock-based payment transactions. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company provides non-GAAP financial information. The Company's management believes that these non-GAAP measures provide investors with a better understanding of how the results relate to the Company's historical performance. The additional non-GAAP information is not meant to be considered in isolation or as a substitute for GAAP financials. The non-GAAP financial information that the Company provides also may differ from the non-GAAP information provided by other companies.

About Diguang International Development Co., Ltd.

Diguang, through its subsidiaries, specializes in the research, development, production, sale and distribution of backlights and backlight technologies. A backlight is the typical light source of a liquid crystal display (LCD). The Company is focused on providing LED and CCFL backlights for international producers of televisions, monitors, cellular phones, digital cameras, DVDs and other home appliances. Diguang currently develops an average of approximately 50 new products per month. Diguang is a Nevada corporation with its manufacturing subsidiary located in Shenzhen, PRC, and its sales and marketing subsidiary located in the British Virgin Islands.

Safe Harbor Statements

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Diguang's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: performance of Diguang International's web site, business conditions in China, weather and natural disasters, changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which Diguang is engaged; fluctuations in customer demand; management of rapid growth; intensity of competition from other providers of backlights; timing approval and market acceptance of new product introductions; general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks, including but not limited to risks outlined in the Company's periodic filings with the U.S. Securities and Exchange Commission. Diguang does not assume any obligation to update the information contained in this press release.

(Financial Tables Follow) DIGUANG INTERNATIONAL DEVELOPMENT, LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In U.S. Dollars) Three Months Ended March 31, 2007 2008 (Unaudited) (Unaudited) Revenues: Revenues, net $ 6,762,087 $ 16,199,591 Cost of sales 5,375,588 13,560,357 Gross profit 1,386,499 2,639,234 Selling expense 625,548 407,566 Research and development costs 164,498 317,734 General and administrative expenses 1,812,253 1,349,253 Income from operations (1,215,800) 564,681 Interest income (expense), net (10,852) (58,426) Investment income (loss) -- 28,930 Other income 203,575 (103,390) Income before income taxes (1,023,077) 431,795 Income tax provision -- 132,985 Net income before minority interest (1,023,077) 298,810 Minority interests 26,251 130,080 Net income to common shareholders $ (1,049,328) 168,730 Weighted average common shares outstanding - basic 21,688,704 22,328,311 Earnings per share - basic (0.05) 0.01 Weighted average common shares outstanding - diluted 21,688,704 22,328,311 Earning per shares - diluted (0.05) 0.01 Other comprehensive income: Net income (1,049,328) 168,730 Translation adjustment 167,726 1,138,184 Other comprehensive income $ (881,602) 1,306,914 DIGUANG INTERNATIONAL DEVELOPMENT, LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In U.S. Dollars) December 31, March 31, 2007 2008 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 16,250,727 $8,007,481 Short term deposits -- 1,426,127 Accounts receivable, net of allowance for doubtful accounts $680,784 and $694,593 12,713,705 18,994,926 Inventories, net of provision $841,518 and $929,196 7,499,768 9,262,851 Other receivables, net of provision $102,574 and $106,708 389,764 609,737 VAT recoverable 407,376 122,231 Advance to suppliers 904,203 1,597,746 Deferred tax asset 86,572 86,572 Total current assets 38,252,115 40,107,671 Investment, net of impairment $622,194 and $622,194 877,806 877,806 Property and equipment, net 17,449,871 18,236,772 Construction in progress -- 10,074 Total assets $ 56,579,792 $59,232,323 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 18,855,416 $20,416,141 Advance from customers 464,281 546,523 Accruals and other payables 3,358,199 2,584,291 Accrued payroll and related expense 795,690 955,574 Income tax payable 428,217 538,356 Amount due to related parties 1,465,790 1,336,892 Amount due to stockholders - current 1,100,000 1,681,061 Total current liabilities 26,467,593 28,058,838 Research funding advanced 245,730 255,633 Amount due to stockholders 1,100,000 560,395 Total non-current liabilities 1,345,730 816,028 Total liabilities 27,813,323 28,874,866 Minority interest 1,475,361 1,666,243 Stockholders' equity: Common stock, par value $0.001 per share, 50 million shares authorized, 22,593,000 shares and 22,593,000 issued, 22,340,700 shares and 22,313,200 outstanding 22,593 22,593 Additional paid-in capital 20,028,955 20,168,080 Treasury stock at cost (429,295) (475,228) Appropriated earnings 1,949,839 2,047,477 Retained earnings 3,127,110 3,198,202 Translation adjustment 2,591,906 3,730,090 Total stockholders' equity 27,291,108 28,691,214 Total liabilities and stockholders' equity $ 56,579,792 $59,232,323 DIGUANG INTERNATIONAL DEVELOPMENT CO., LTD. CONSOLIDATED STATEMENTS OF CASH FLOWS Increase (Decrease) in Cash and Cash Equivalents (In US Dollars) Three Months Ended March 31, 2007 2008 (Unaudited) (Unaudited) Cash flows from operating activities: Net income (loss) $ (1,049,328) $ 168,730 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Minority interest 26,251 130,080 Depreciation 239,133 500,020 Inventory provision -- 53,763 Share-based compensation 627,148 139,125 Changes in operating assets and liabilities: Accounts receivable (889,659) (6,031,996) Inventory (1,512,230) (1,722,400) Other receivables (89,751) (219,497) VAT recoverable 129,728 283,570 Prepayments and other assets 878,769 (882,811) Accounts payable (380,451) 1,545,776 Accruals and other payable 328,760 (587,774) Advance from customers 38,853 80,609 Taxes payable 11,706 106,541 Net cash provided by (used in) operating activities (1,641,071) (6,436,264) Cash flows from investing activities: Purchase of fixed assets (870,657) (1,065,861) Disposal (purchase) of marketable securities -- (1,426,127) Cash paid for an acquisition transaction (1,977,864) -- Net cash used in investing activities (2,848,521) (2,491,988) Cash flows from financing activities: Stock repurchase -- (45,933) Due to related parties 28,450 (76,486) Net cash provided by financing activities 28,450 (122,419) Effect of changes in foreign exchange rates 289,165 807,425 Net increase (decrease) in cash and cash equivalents (4,171,977) (8,243,246) Cash and cash equivalents, beginning of the period 20,550,032 16,250,727 Cash and cash equivalents, end of the period $ 16,378,055 8,007,481 For more information, please contact: Company Contact: Viola Tse Diguang International Development Co., Ltd. Tel: +1-626-593-5486 Investor Relations Contact: Sean Collins, Senior Partner CCG Elite Tel: +1-310-477-9800 x202 Web: http://www.ccgelite.com/

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070830/CNTH005LOGO
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840 Diguang International Development Co., Ltd.

CONTACT: Viola Tse of Diguang International Development Co., Ltd., +1-
626-593-5486; or Investor Relations Contact, Sean Collins, Senior Partner of
CCG Elite, +1-310-477-9800 x202

Web Site: http://www.ccgelite.com/
http://phx.corporate-ir.net/playerlink.zhtml?c=137803&s=wm&e=1844170

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

AT&T Positioned in the Leaders Quadrant in Magic Quadrant for Managed and Professional Network Service Providers, North America

SAN ANTONIO, May 16 /PRNewswire-FirstCall/ -- AT&T Inc. today announced that leading industry analyst firm Gartner, Inc. has positioned AT&T in the Leaders Quadrant of its Managed and Professional Network Service Providers, North America(1) report.

The Gartner Magic Quadrant report is a guide for midsize businesses and large companies to identify and evaluate vendors that deliver IT services in support of connectivity and communications infrastructure (for example, Internet Protocol [IP] telephony hardware and software). The report assesses IT services providers on their product or service, overall viability, sales execution and pricing, among other criteria. Gartner defines managed and professional network services as, "multiyear, annuity-based agreements for network IT services in support of connectivity services and/or communications infrastructure. These include network and telecom expense management, network maintenance, network consulting, network development and integration, and network management."

"We are delighted with AT&T's position in the Leaders Quadrant of the Managed and Professional Network Service Providers in North America report published by Gartner. We believe this report reaffirms our continued investment in and commitment to a comprehensive portfolio that harnesses AT&T IP leadership and mobility capability to build a compelling business proposition for to our customers worldwide," said Ron Spears, AT&T president, Global Business Services.

Business customers benefit from AT&T's strong base of U.S. government contracts, business alliances and internal capabilities that have made AT&T a leading provider of network infrastructure for both voice and data. Enterprise business customers also benefit from AT&T's leadership in research and development, improved customer satisfaction for remote network operation services and comprehensive IT capabilities including data center and applications management.

To view the Gartner "Magic Quadrant for Managed and Professional Network Service Providers," report, compliments of AT&T, visit http://www.corp.att.com/awards/analysts/gartner.html

(1) Gartner "Magic Quadrant for Managed and Professional Network Service Providers, North America" by E. Goodness, C. Tenneson, T. Chamberlin, D. O'Connell, May 14, 2008. About the Magic Quadrant

The Magic Quadrant is copyrighted May 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

AT&T Inc.

CONTACT: Michael Lordi, +1-908-234-6071, mobile, +1-908-329-4854,
mlordi@attnews.us, for AT&T Inc.; or Janet Wyles of AT&T Inc.,
+1-908-234-6067, mobile, +1-732-331-6754, wyles@att.com

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

NetDragon Donates RMB1.5 Million to Sichuan Earthquake Victims

HONG KONG, May 16 /Xinhua-PRNewswire-FirstCall/ -- One of the leading game developers and operators in the PRC, NetDragon Websoft Inc. ("NetDragon" or the "Company", with its subsidiaries collectively the "Group"; Stock Code: 8288.HK) is donating a total value of RMB1.5 million in cash and goods to support recovery work in Sichuan following the recent earthquake.

About NetDragon Websoft Inc.

Issued by Porda International (Finance) PR Group for and on behalf of NetDragon Websoft Inc. For further information, please contact:

For more information, please contact: NetDragon Websoft Inc. Ms. Angelina Li (Investor Relations Officer) Tel: +852-6303-1722 or +86-1380-9508-688 Fax: +852-2850-7066 Email: angelinali@nd.com.hk

NetDragon Websoft Inc.

CONTACT: Ms. Angelina Li (Investor Relations Officer), +852-6303-1722, or
+86-1380-9508-688, or fax, +852-2850-7066, or angelinali@nd.com.hk

Web Site: http://www.nd.com.cn/

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