Companies news

LONDON, May 21 /PRNewswire-FirstCall/ -- NeuStar, Inc. today announced that Tele2, one of Europe's leading "alternative telecommunications" operators, has selected NeuStar's Next Generation Messaging (NGM) services to roll out mobile Instant Messaging services across Tele2's mobile phone networks. Tele2 will be working with NeuStar to roll out mobile Instant Messaging solutions to its mobile operators serving more than 17 million customers.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080310/NEUSTARLOGO )

Tele2 has worked with NeuStar to implement NeuStar's industry-leading Mobile Instant Messaging, Presence, and Interconnect services into Tele2's mobile solutions. Furthermore, NeuStar has developed additional billing software solutions to assist Tele2 in enhancing Tele2's end-to-end solution.

"Our philosophy is to always offer our customers easy-to-use services at great value for their money, and the rollout of mobile IM will provide our customers just that," said Karl-Johan Nybell, Director, Product Implementation and New Markets at Tele2. "NeuStar has a track record of being able to provide solutions that are easy and intuitive for the end user and quick to market for the operator. We have worked closely with NeuStar to deliver a solution that is right for our customers."

"Tele2 prides itself in offering great value and simple to use mobile services to its customers, and we are very happy to be working with them," said Allen Scott, General Manager of NeuStar NGM. "We are confident that Tele2 will be able to rollout mobile IM solutions to their customers quickly and easily, offering them a new mobile service that Tele2 subscribers will enjoy and use regularly."

About NeuStar, Inc. and NeuStar Next Generation Messaging

NeuStar, Inc. is a provider of clearinghouse and directory services to the global communications and Internet industry. In November 2006, NeuStar created its Next Generation Messaging Services by acquiring Followap Inc., a leading global provider of instant messaging, presence and interconnect services.

Mobile network operators around the world trust NeuStar to enable real-time communications using presence information.

NeuStar, Inc. is headquartered in the United States, with subsidiary offices in Europe and Asia. For more information, please visit http://www.neustar.biz/ and http://www.neustar.biz/ngm.

Photo: http://www.newscom.com/cgi-bin/prnh/20080310/NEUSTARLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com NeuStar, Inc.

CONTACT: Marc Abshire of NeuStar, Inc., +1-571-434-5151,
marc.abshire@neustar.biz

Web site: http://www.neustar.biz/
http://www.neustar.biz/ngm

Stanford Professor Barry M. Trost Visits WuXi PharmaTech and Gives Two Seminars

SHANGHAI, China, May 21 /Xinhua-PRNewswire/ -- WuXi PharmaTech , a leading pharmaceutical, biotechnology and medical device research and development outsourcing company with operations in China and the United States, is proud to announce that the distinguished Stanford University Professor Barry M. Trost ( http://www.stanford.edu/group/bmtrost/ ) has visited WuXi PharmaTech and given two seminars on May 19 and 20.

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Dr. Barry M. Trost, Tamaki Professor of Humanities and Sciences in the chemistry department at Stanford University, is a world renowned organic chemist and a fellow of the U.S. National Academy of Sciences. Professor Barry M. Trost's professional interests include asymmetric allylic alkylation and efficient enantioselective synthesis. He has made great contributions to the modern synthetic organic chemistry and green chemistry. Many widely used chemistry reactions, such as the Trost asymmetric allylic alkylation, Tsuji-Trost reaction and the Trost ligand, are named after him.

Professor Trost studied at the University of Pennsylvania and received his Ph.D. from the Massachusetts Institute of Technology in 1965. He was a professor at the University of Wisconsin-Madison from 1965 until his appointment to Stanford University in 1987. Professor Trost has more than 820 scientific publications, over 320 lectures at various national and international meetings, and over 40 worldwide awards and honors.

As another luminary speaker of WuXi PharmaTech Science Seminar Series, Professor Trost gave the WuXi scientists two lectures titled "New Synthetic Strategies to Bioactive Products" and "On Inventing Reactions for Atom Economy." Professor Trost captivated the audience from beginning to end during the lectures and answered questions from the packed crowd.

"This is my first time to give a lecture to a pharmaceutical service company in China. I am very impressed by WuXi's Science Seminar Series program as well as the research capability and scientific acumen of WuXi's young scientists. Talents are absolutely the key to success for any business, especially for WuXi which provides high quality research and development services to global life science companies," commented Professor Barry M. Trost.

"We are very privileged to have Dr. Trost share his brilliant expertise with our young scientists," commented Dr. Ge Li, Chairman and Chief Executive Officer of WuXi PharmaTech. "As we broaden our R&D service scope our success very much depends on the quality of our scientists. Investing in people is and will continue to be one of our top strategies."

About WuXi PharmaTech

WuXi PharmaTech is a leading pharmaceutical, biotechnology and medical device R&D outsourcing company, with operations in China and the United States. As a research-driven and customer-focused company, WuXi PharmaTech provides pharmaceutical, biotechnology and medical device companies a broad and integrated portfolio of laboratory and manufacturing services throughout the drug and medical device R&D process. WuXi PharmaTech's services are designed to assist its global partners in shortening the cycle and lowering the cost of drug and medical device R&D. For more information, please visit: http://www.wuxipharmatech.com/ .

For more information, please contact: Sherry Shao Tel: +86-21-5046-4002 Email: pr@pharmatechs.com

WuXi PharmaTech

CONTACT: Sherry Shao of WuXi PharmaTech, +86-21-5046-4002, or
pr@pharmatechs.com

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

Polish Ministry of Defence Deploys Savi's Wireless Supply Chain Network Solution

MOUNTAIN VIEW, California, May 21 /PRNewswire/ --

- Savi's RFID-Based Solution Supports Delivery of Military Supplies into Afghanistan for NATO Peace Efforts

To support NATO peace keeping in Afghanistan and elsewhere, the Polish Ministry of Defence (PMD) is deploying a Radio Frequency Identification (RFID)-based solution provided by Savi, a Lockheed Martin (NYSE: LMT) company, to automate tracking and management of military supplies. This marks the second largest NATO-related installation of Savi's RFID networked solution and the eighth separate defense force deployment of it worldwide.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080123/AQW081LOGO)

Savi's RFID-based supply chain solutions are actively operational with defense forces at NATO headquarters, the United States, United Kingdom, Australia, Sweden, Denmark, and Spain.

"Savi's innovative solution has been battle-tested for more than a decade, and we anticipate that it will help us to collaborate more closely with our allies, while creating a more reliable and efficient supply chain in support of the soldier," said Col. Artur Malinowski, PMD's Generalny Zarad Logistyki, P-4. "The Savi solution will be used to track and manage consignments in the Polish Ministry of Defence's extended supply chain through depots, bases, airfields and other military installations."

"Poland has an important role in NATO to support peace keeping in Afghanistan, and Savi's tracking solution enhances supply chain visibility and accuracy to ensure that the right supplies get to the right place at the right time," said Bruce Jacquemard, managing director-International, for Savi Technology.

PMD's Military Property Agency contracted with the Netline Group to procure the Savi Consignment Management Solution (CMS), which provides near real-time information on the location of supplies through a network of RFID readers linked to enterprise-level, decision-support software. The Netline Group has partnered with Hertz Systems for services to help install hardware and software.

CMS is based on NATO asset tracking standards that enable it to be interoperable with NATO-allied defense forces. As a result, both national and multi-national consignments can be tracked and managed through networks operated by multiple defense forces when using the standards-based solution.

Consignments tagged with active, battery-powered RFID devices are monitored by fixed and mobile readers, while the Savi CMS software platform enables users to manage the consignments while in-transit throughout their supply chain journey. CMS also processes real-time data transmissions from other types of Automatic Identification Technologies, such as bar codes, passive RFID and GPS satellite location systems.

Founded in 1989, Savi is a wholly owned subsidiary of Lockheed Martin, with headquarters in Mountain View, Calif., and offices in London, Melbourne, Singapore and Washington D.C. For more information, visit http://www.savi.com.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of US$41.9 billion. For additional information, visit http://www.lockheedmartin.com.

Web site: http://www.savi.com http://www.lockheedmartin.com

Savi Technology - Lockheed Martin

Mark Nelson of Savi Technology, +1-650-316-4872, mnelson@savi.com ; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080123/AQW081LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

ARM Licenses the Latest Multiprocessing Technology to ToshibaToshiba Adopts Cortex-A9 MPCore Multicore Processor, Cortex-R4F Processor and Other ARM Technology

CAMBRIDGE, England, May 21 /PRNewswire-FirstCall/ -- ARM [; ], today announced a major technology licensing agreement with Toshiba Corporation encompassing the ARM(R) Cortex(TM) -A9 processor, the Cortex-R4F processor, NEON(TM) SIMD technology, PrimeCell(R) peripherals and CoreSight(TM) on-chip trace and debugging technology. This comprehensive adoption of ARM technology by Toshiba, and its Cortex-M3 processor license last year (see http://www.arm.com/news/18089.html ), will enable the company to provide an ARM Powered(R) system-on-chip portfolio across the full performance spectrum.

The Cortex-A9 MPCore multicore processor is ideal for smartphones, mobile internet devices (MIDs) and consumer electronics whereas the Cortex-R4F processor has been designed for embedded use in hard-disk drives, automotive safety systems, mobile baseband, and printer applications.

"This comprehensive licensing agreement adds strategic strength to our ARM Cortex portfolio," said Yasuo Kawahara, General Manager of System LSI Sales and Marketing Division, Toshiba's Semiconductor Company. "We are now positioned to fully respond to market needs by exploiting the total potential of ARM powered system-on-chip solutions. We expect the agreement to make a major contribution to expanding Toshiba's business."

ARM MPCore technology increases performance scalability and control over power consumption, enhancing the functionality of high-performance devices operating within tight power constraints. The Cortex-A9 MPCore multicore processor is ARM's second-generation MPCore processor capable of delivering 2.50 DMIPS/MHz per CPU and has been developed to deliver advanced MPCore technology to a breadth of new application markets. To simplify and broaden the adoption of multicore solutions, the Cortex-A9 processor supports system-level coherence with accelerators and DMA to increase performance and reduce power consumption at the system level. The Cortex-R4F processor is designed for deeply embedded applications and provides greater performance than any other processor with similar die size to meet the diverse needs of the embedded microprocessor market.

In addition to the Cortex processors, the agreement included other ARM technology including ARM NEON technology that provides advanced SIMD technology for advanced multimedia, gaming and compute intensive applications; ARM CoreSight on-chip debug and trace technology; and ARM PrimeCell peripheral IP including cache controllers, interrupt controllers and DMA controllers.

"This licensing agreement signifies Toshiba's firm support for ARM technology," said Graham Budd, EVP and general manager, Processor Division, ARM. "Our latest agreement with Toshiba demonstrates the continued and ever growing market demand for the ARM Cortex-A9 MPCore multicore processor as well as the Cortex-R4F processor. By leveraging the Cortex family of processors along with the other advanced ARM technology, Toshiba can offer optimized, brand new solutions for every segment of the device market."

About ARM

ARM designs the technology that lies at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARM's comprehensive product offering includes 32-bit RISC microprocessors, graphics processors, enabling software, cell libraries, embedded memories, high-speed connectivity products, peripherals and development tools. Combined with comprehensive design services, training, support and maintenance, and the company's broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies. More information on ARM is available at http://www.arm.com/.

ARM, ARM Powered and PrimeCell are registered trademarks of ARM Limited. Cortex, MPCore, NEON and CoreSight are trademarks of ARM Limited. All other brands or product names are the property of their respective holders. "ARM" is used to represent ARM Holdings plc; its operating company ARM Limited; and the regional subsidiaries: ARM, Inc.; ARM KK; ARM Korea Ltd.; ARM Taiwan Limited; ARM France SAS; ARM Consulting (Shanghai) Co. Ltd.; ARM Belgium N.V.; AXYS Design Automation Inc.; ARM Germany GmbH; ARM Embedded Technologies Pvt. Ltd.; and ARM Norway, AS.

ARM Ltd

CONTACT: Contact Details: ARM PRESS OFFICE: +44-208-846-0797, Stuart
Gill, Alan Tringham, Erik Ploof; Text100 ARM ARM, +44-8846-0758,
+44-1223-400947, +1-425-880-6033, stuart.gill@text100.co.uk
alan.tringham@arm.com, erik.ploof@arm.com

ARM Licenses the Latest Multiprocessing Technology to Toshiba

CAMBRIDGE, England, May 21 /PRNewswire/ --

- Toshiba Adopts Cortex-A9 MPCore Multicore Processor, Cortex-R4F Processor and Other ARM Technology

ARM [(LSE:ARM); (Nasdaq:ARMH)] , today announced a major technology licensing agreement with Toshiba Corporation encompassing the ARM(R) Cortex(TM) -A9 processor, the Cortex-R4F processor, NEON(TM) SIMD technology, PrimeCell(R) peripherals and CoreSight(TM) on-chip trace and debugging technology. This comprehensive adoption of ARM technology by Toshiba, and its Cortex-M3 processor license last year (see http://www.arm.com/news/18089.html ), will enable the company to provide an ARM Powered(R) system-on-chip portfolio across the full performance spectrum.

About ARM

ARM Ltd

Contact Details: ARM PRESS OFFICE: +44-208-846-0797; Stuart Gill, Alan Tringham, Erik Ploof; Text100 ARM ARM, +44-8846-0758, +44-1223-400947, +1-425-880-6033; stuart.gill@text100.co.uk, alan.tringham@arm.com erik.ploof@arm.com

Trintech Reports First Quarter Fiscal Year 2009 Financial ResultsRevenues of $9.64 million representing growth of 31% and Adjusted EBITDA Net Income of $405,000.

DUBLIN, Ireland and DALLAS, May 21 /PRNewswire-FirstCall/ -- Trintech Group Plc , a leading global provider of integrated financial governance, transaction risk management, and compliance solutions today announced revenues of $9.6 million for the first quarter ended April 30, 2008, an Adjusted EBITDA net income of $405,000 and a net loss for the quarter of $488,000.

Highlights: -- Trintech closed the acquisition of Movaris, Inc., a venture capital backed private company based in San Jose, California, on February 14, 2008. The transaction is expected to be accretive to net income on an EBITDA basis (earnings before interest, tax, depreciation and amortization) for the fiscal year ending January 31, 2009. -- Revenue amounted to $9.6 million compared to $7.4 million in Q1 last year, representing 31% growth. -- Gross margin amounted to $6.7 million in Q1, representing 69% of revenue, compared to $4.8 million and 66% in Q1 last year. -- Trintech increased expenditure in research and development by 17% from $1.3 million in Q1 last year to $1.5 million in the same quarter in the 2009 fiscal year. -- Trintech increased expenditure in sales and marketing by 22% from $2.5 million in Q1 in the 2008 fiscal year to $3.1 million in the same quarter in the 2009 fiscal year. -- General and administrative expenses increased by 6% in Q1 of the 2009 fiscal year compared to Q1 of the 2008 fiscal year to $2.5 million compared to $2.3 million in the prior fiscal year. -- On a consolidated basis, Trintech generated an Adjusted EBITDA net income of $405,000 for Q1 of the 2009 fiscal year compared to an Adjusted EBITDA net loss of $548,000 for the corresponding period in the prior year. -- Combined basic and diluted net loss per equivalent ADS for the quarter ended April 30, 2008 was $0.03, compared with a basic and diluted net loss per equivalent ADS of $0.09 for the quarter ended April 30, 2007.

Cyril McGuire, Chairman & Chief Executive Officer said, "Trintech's Q1 performance was solid with good underlying revenue growth of 31% and Adjusted EBITDA net income of $405,000 which meets our market guidance. We continue to drive our operating plan of revenue growth and EBITDA profitability with a strong focus on our operating cost efficiency given the challenges of the economic environment. Recurring revenue including SaaS fees continues to be a major focus of our business model and accounted for over 60% of our revenues in Q1. Our continued investment in new products and the integration of the recently acquired Movaris business is expected to provide us with strong opportunities to cross-sell to our existing 570 customers as well as develop new competitive market positions."

Paul Byrne, President, added, "In continuing to deliver EBITDA profit growth, we are starting to achieve the return on the increased investment in sales and marketing programs we initiated last year as well as drive synergies, in revenue and cost terms, from our two most recent acquisitions, Movaris and Concuity. We believe that with the broader product portfolio we now have, addressing the growing and expanding financial governance challenges faced by our customers, we will drive revenue and EBITDA growth, both through providing a broader range of financial governance solutions to new customers and increasing our penetration for acquired products in our existing 500+ customer base."

Recent Highlights include:

Trintech announced the signing of a definitive agreement to acquire Movaris, Inc., a venture-backed company located in San Jose, California. The acquisition closed on February 14, 2008. Movaris has pioneered the creation of solutions that integrate and manage the financial close and other governance, risk and compliance processes. The Movaris solution encompasses SOX Compliance, Financial Close, Account Reconciliation, GRC (Governance, Risk and Compliance) and Enterprise Risk Manager Applications. At the time of the acquisition, Movaris had over 80 enterprise customers that span a broad range of industries. The consideration for the acquisition was satisfied through the payment of $7.1 million in cash and the issuance of 507,750 Trintech American Depositary Shares (ADSs), plus a potential contingent payment to be paid in early 2010 based on the trading price of our ADSs prior to such date.

Trintech announced that Stella Travel Services had selected Trintech's ReconNET to automate a wide range of reconciliation and revenue assurance processes, within their Travelbag and Travel2 airline ticket sales operations. The implementation of ReconNET will enable the company to validate daily flight ticket sales and manage exceptions between their internal systems, external Global Delivery Systems (GDS), Amadeus, Galileo, and IATA's Billing and Settlement Plan (BSP). Stella Travel Services is a division of the Stella Group, the largest integrated travel company in Australia and New Zealand with over 15,000 rooms under management and over 1,400 retail and corporate travel outlets worldwide. In mid 2007, Stella Travel Services acquired United Kingdom-based Travelbag, a leading mid- and long-haul travel specialist.

Trintech announced that The Republic Group had selected ReconNET for depository and disbursement reconciliation, AssureNET GL for general ledger reconciliation, review, and certification, and TRACKER for escheatment reporting. The Republic Group, through independent agents primarily in Texas, Oklahoma, Louisiana, Mississippi and New Mexico, provides personal property, dwelling fire, personal automobile and commercial insurance through four business segments: personal lines, commercial lines, program management, and insurance services.

Trintech announced that the United States' premier emergency response organization, the American Red Cross, had selected ReconNET to automate the reconciliation of their disbursement accounts and AssureNET GL to automate and control general ledger account reconciliation processes and closing tasks and activities. Through over 700 locally supported chapters and a global network of 186 national societies the American Red Cross offers neutral humanitarian care to victims of war and those of devastating natural disasters.

Trintech announced that David Lloyd Leisure had selected Trintech's ReconNET product to automate the verification and reconciliation of its cash and credit cards. ReconNET will enable the company to increase reporting and financial controls and improve daily productivity. David Lloyd Leisure Clubs are part of the David Lloyd Leisure Group, Europe's largest health and fitness operator, with 79 clubs in the UK and a further 10 sites across Europe. Facilities include indoor and outdoor tennis courts, swimming pools, state of the art gym equipment, health & beauty spas, club lounges, creches, nurseries, and specialist sports shops.

Trintech announced that HealthEast Care System had selected ClearContracts(TM) to enhance contract negotiation capabilities and improve the recovery of underpaid claims. HealthEast Care System operates a number of hospitals and other health care facilities throughout the St. Paul, Minnesota metro area, including three general acute care facilities - St. John's Hospital, St. Joseph's Hospital, and Woodwinds Health Campus. A fourth hospital, Bethesda Hospital, provides inpatient rehabilitative care. HealthEast Care System also features a number of primary care and specialty clinics located throughout its service area.

Trintech announced the availability of ClearContracts 8.0. The latest version of Concuity's ClearContracts solution enables users to more efficiently manage institutional and professional claim reimbursement activities and maximize reimbursement for bundled claims as well as ambulatory payment/outpatient visits.

Trintech announced enhancements to its AssureNET GL accounting compliance application for general ledger reconciliation, review and certification. AssureNET GL 4.0 delivers a new level of product usability. AssureNET GL 4.0 enhancements include the addition of an operational dashboard with comprehensive drill down capabilities, design modifications that enhance the user experience, context-based help files, support for SQL 2005, and enhanced integration with other Trintech products. AssureNET GL 4.0 demonstrates Trintech's commitment to providing functionally rich, flexible, user-friendly solutions that are critical to gaining end-user adoption.

Trintech announced it had attained Gold Certified Partner status in the Microsoft Partner Program with a competency in ISV/Software Solutions. As a Gold Certified Partner, Trintech has demonstrated expertise with Microsoft technologies and proven ability to meet customers' needs. Microsoft Gold Certified Partners receive a rich set of benefits from Microsoft, including access, training and support.

Results Overview: Continuing Operations:

Revenue for the first quarter was $9.6 million compared with $7.4 million for the corresponding quarter last year, an increase of 31%.

Software license revenue for the quarter ended April 30, 2008 was $4.9 million compared with $3.5 million for the corresponding quarter in the prior year, an increase of 40%. The increase was primarily due to an increase in EMEA revenues and new revenues generated from the Movaris business.

Service revenue for the first quarter increased 22% to $4.7 million from $3.9 million for the corresponding quarter in the prior year. The increase was primarily due to an increase in EMEA revenues and new revenues generated from the Movaris business.

Total gross margin for the first quarter was $6.7 million, an increase of 38% from $4.8 million in the corresponding quarter in the prior year.

Total operating expenses for the first quarter were $7.5 million, an increase of 14% from $6.5 million in the corresponding quarter in the prior year. Adjusted EBITDA operating expenses for the quarter ended April 30, 2008 were $6.6 million, an increase of 15% on the Adjusted EBITDA operating expenses for the corresponding period in the prior year. The increase in operating expenses and Adjusted EBITDA operating expenses was primarily due to the inclusion of costs relating to the newly acquired Movaris business.

Consolidated Adjusted EBITDA net income was $405,000 for the first quarter compared to an Adjusted EBITDA net loss of $548,000 for the corresponding quarter in the prior year.

Trintech's balance sheet remains strong with net cash and cash equivalent balances of $16.5 million as of April 30, 2008. Net cash utilized for the three months ended April 30, 2008 was $7.3 million, which included cash generated from operations of $1.0 million and payments related to acquisitions of $8.3 million. Included in acquisition payments is a $7.1 million purchase consideration payment to the ex-owners of Movaris and a $1.0 million earn-out payment to the ex-owners of the Assurity business that Trintech acquired in February 2006.

During the quarter ended April 30, 2008, Trintech did not purchase any shares via the share buy-back program. As a result, $2.9 million remains available for future repurchases under this program as at April 30, 2008.

Trintech will host a conference call to discuss its financial results and business outlook beginning at 15:30hrs (UK Time) today, Wednesday, May 21, 2008. Please see advisory for information on the call.

A web simulcast of Trintech's conference call reviewing our performance for Q1 fiscal year 2009 and our business outlook for Q2 and full fiscal year 2009 will be broadcast live today, Wednesday, May 21, 2008 at 15:30 hrs (UK Time), 10:30 hrs (NY Time) and 07:30 hrs (CA Time) and thereafter for 1 year at http://www.trintech.com/investor-relations/investor-resources. An instant telephone replay will also be available for 10 days by dialing +44 1452 55 00 00 and entering the following access number (4 6 4 3 9 1 6 4 #).

About Trintech Group

Trintech Group Plc is a leading global provider of integrated financial governance, transaction risk management, and compliance solutions. The Company enables companies to achieve excellence in financial governance and performance management through a comprehensive platform of account reconciliation, accounting compliance, and financial reporting applications across the financial lifecycle.

Over 570 leading global organizations are realizing the benefits of Trintech solutions every day to gain greater control, visibility, and efficiency across financial processes; improve financial performance through stronger management of revenue and cost cycles; ensure the accuracy and integrity of financial data, thereby reducing the risk of material weaknesses and restatements and to drive immediate efficiencies and cost reductions in financial operations through automation and scalability. Trintech's customers include retail chains, commercial companies, financial institutions and healthcare providers in the United States, the UK and the Republic of Ireland, continental Europe and Australia. Top customers in recent years include Accenture, Regis Corporation, Sodexho Operations, Target Stores, Providence Health and Cleveland Clinic.

Trintech's technology enables our customers to ensure their internal financial processes are optimized, improve performance through stronger management of revenue and cost cycles, ensure the accuracy and integrity of financial data, improve the quality and efficiency of the financial close process, as well as reduce the risk of material weaknesses and restatements.

For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at http://www.trintech.com/ or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.

Trintech - 15851 Dallas Parkway, Suite 900 - Addison, TX 75001 - Tel 1 972 701 9802

Trintech UK Ltd. - Warnford Court, 29 Throgmorton St. London EC2N2AT, UK - Tel +44 (0) 20 7628 5235

Trintech Technologies - Block C, Central Park - Leopardstown, Dublin 18, Ireland - Tel +353 1 293 9840

Trintech - Cypresbaan 9 - 2908 LT Capelle a/d Ijssel, The Netherlands - Tel +31 (0) 10 8507 474

Forward Looking Statements

This news release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any "forward looking statements" in this press release are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. "Forward looking statements" in this press release include statements, among others, relating to Trintech's growth strategy for fiscal 2009, Trintech management's belief that the company's broader product portfolio will drive revenue and EBITDA growth, the expected benefits from the acquisition of Movaris Inc. and the contribution of the Movaris acquisition to net income on an EBITDA basis, the expected benefits from continued investment in new products and the integration of the Movaris business, the benefits that Stella Travel Services receives from its installation of ReconNET and the benefits that David Lloyd Leisure receives from its installation of ReconNET. Factors that could cause or contribute to such differences include Trintech's ability to accurately predict future sales, its ability to accurately predict and meet customer needs and to successfully position itself in the market, Trintech's ability to ensure the performance of its products and services, and its ability to improve the performance of its organization and ensure the long term health of its business. Actual performance may also be affected by other factors more fully discussed in Trintech's Form 20-F for the fiscal year ended January 31, 2007 filed with the US Securities and Exchange Commission (http://www.sec.gov/) and subsequent filings with the US Securities and Exchange Commission. Lastly, Trintech assumes no obligation to update these forward-looking statements.

Contact Paul Byrne, President Joseph Seery, VP Finance, Group Trintech Group Plc +353 1 293 9840 paul.byrne@trintech.com joseph.seery@trintech.com TRINTECH GROUP PLC CONDENSED CONSOLIDATED BALANCE SHEETS (U.S. dollars in thousands, except share and per share data) April 30, January 31, 2008 2008 ASSETS Current assets Cash and cash equivalents $16,486 $23,766 Accounts receivable, net of allowance for doubtful accounts of $77 and $24 at April 30, 2008 and January 31, 2008, respectively 7,187 6,507 Prepaid expenses and other current assets 1,808 1,373 Net current deferred tax asset 99 234 Total current assets 25,580 31,880 Non-current assets Restricted cash 338 338 Property and equipment, net 1,571 1,597 Net non-current deferred tax asset 207 136 Intangible assets, net 7,243 4,534 Goodwill 22,533 17,126 Total non-current assets 31,892 23,731 Total assets $57,472 $55,611 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable 1,109 515 Accrued payroll and related expenses 1,693 2,156 Deferred consideration 2,352 1,049 Net current deferred tax liability 73 231 Income taxes payable 158 184 Other accrued liabilities 2,027 1,718 Deferred revenues 9,661 8,317 Liabilities held for sale and in discontinued operations 124 141 Total current liabilities 17,197 14,311 Non-current liabilities Capital leases due after more than one year 158 190 Deferred consideration - 2,000 Income taxes payable 144 119 Deferred rent less current portion 406 427 Total non-current liabilities 708 2,736 Series B preference shares, $0.0027 par value 10,000,000 authorized at April 30, 2008 and January 31, 2008, respectively None issued and outstanding - - Shareholders' equity: Ordinary Shares, $0.0027 par value: 100,000,000 shares authorized; 33,453,135 and 32,413,719 shares issued and 32,926,455 and 31,821,201 shares outstanding at April 30, 2008 and January 31, 2008, respectively. 90 87 Additional paid-in capital 252,476 251,029 Treasury shares (at cost, 526,680 and 592,518 at April 30, 2008 and January 31, 2008, respectively) (898) (1,011) Accumulated deficit (208,623) (208,135) Accumulated other comprehensive loss (3,478) (3,406) Total shareholders' equity 39,567 38,564 Total liabilities and shareholders' equity $57,472 $55,611 TRINTECH GROUP PLC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except share and per share data) Three months ended April 30, 2008 2007 Revenue License $4,898 $3,489 Service 4,743 3,880 Total revenue 9,641 7,369 Cost of revenue License 498 356 Amortization of purchased technology 216 164 Service 2,244 2,011 Total cost of revenue 2,958 2,531 Gross Margin 6,683 4,838 Operating expenses Research and development 1,492 1,275 Sales and marketing 3,079 2,516 General and administrative 2,489 2,345 Amortization of purchased intangible assets 395 385 Total operating expenses 7,455 6,521 Loss from operations (772) (1,683) Interest income, net 118 290 Exchange gain, net 105 174 Loss before provision for income taxes (549) (1,219) Provision for income taxes 61 (143) Net loss $(488) $(1,362) Weighted-average shares used in computing basic and diluted net loss per Ordinary Share 31,889,741 31,224,157 Basic and diluted loss per Ordinary Share $(0.02) $(0.04) Basic and diluted loss per equivalent ADS $(0.03) $(0.09) TRINTECH GROUP PLC RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA NET INCOME (LOSS) (U.S. dollars in thousands) Three months ended April 30, 2008 2007 Loss from operations $(488) $(1,362) Adjustments: Depreciation 202 148 Amortization of purchased intangible assets 611 549 Share-based compensation 259 264 Interest income, net (118) (290) Income taxes (61) 143 Adjusted Earnings Before Interest, Taxation, Depreciation, Amortization, Share-based compensation (EBITDA) net income (loss) $405 $(548) Adjusted Basic and diluted income (loss) per Ordinary Share $0.01 $(0.02) Adjusted Basic and diluted income (loss) per equivalent ADS $0.03 $(0.04) Note: Management believes Adjusted EBITDA net income (loss) is an important measure of Company performance without consideration of the non-operating income and expense adjusted above as it presents a clearer view of operational performance changes between the comparative periods. TRINTECH GROUP PLC RECONCILIATION OF OPERATING EXPENSES TO ADJUSTED EBITDA OPERATING EXPENSES (U.S. dollars in thousands) Three months ended April 30, 2008 2007 Total operating expenses from operations $7,455 $6,521 Adjustments: Depreciation (180) (136) Amortization of purchased intangible assets (395) (385) Share-based compensation (246) (244) Adjusted EBITDA operating expenses $6,634 $5,756 Note: Management believes Adjusted EBITDA operating expenses is an important measure of Company performance without consideration of the non-operating expense adjusted above as it presents a clearer view of operational performance changes between the comparative periods. TRINTECH GROUP PLC CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (U.S. dollars in thousands) Three months ended April 30, 2008 2007 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $(488) $(1,362) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation 202 148 Amortization of purchased intangible assets 611 549 Share-based compensation 259 264 Effect of changes in foreign currency exchange rates (70) (164) Changes in operating assets and liabilities: Accounts receivable 962 702 Prepaid expenses and other current assets (309) (15) Value added tax receivable (4) (17) Accounts payable 367 208 Accrued payroll and related expenses (882) (236) Deferred revenues 746 302 Value added tax payable 27 82 Warranty reserve - (4) Other accrued liabilities (411) (403) Net cash provided by operating activities 1,010 54 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (121) (385) Payments relating to acquisitions (8,337) (875) Net cash used in investing activities (8,458) (1,260) CASH FLOWS FROM FINANCING ACTIVITIES: Principal payments on capital leases (35) - Issuance of ordinary shares 65 130 Proceeds under bank overdraft facility - 572 Net cash provided by financing activities 30 702 Net decrease in cash and cash equivalents (7,418) (504) Effect of exchange rate changes on cash and cash equivalents 138 28 Cash and cash equivalents at beginning of period 23,766 25,766 Cash and cash equivalents at end of period $16,486 $25,290 Supplemental disclosure of cash flow information Interest paid $9 $12 Taxes paid $28 $13 Supplemental disclosure of non-cash flow information Acquisition of property and equipment under capital leases $30 $- Shares issued in connection with acquisition $1,239 $-

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Cyril McGuire http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=72824 Paul Byrne http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=72826

Trintech Group Plc

CONTACT: Paul Byrne, President, paul.byrne@trintech.com, or Joseph
Seery, VP Finance, Group, joseph.seery@trintech.com, both of Trintech Group
Plc, +353 1 293 9840

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

Expedia Signs Global Partnership Agreement With Sol Melia Hotels & ResortsDeal marks first ever agreement covering all Sol Melia properties worldwide

BELLEVUE, Wash. and MALLORCA, Spain, May 21 /PRNewswire-FirstCall/ -- Expedia, Inc. , the world's leading online travel company, today announced it has signed a long term, strategic global supply agreement with Sol Melia, the leading Spanish hotel chain in both the city and resort markets and world leader in resort hotels. Under the agreement, all Sol Melia properties will be available for booking on Expedia(R) and hotels.com(R) branded sites worldwide. This is the first agreement between Expedia and Sol Melia, and marks the first distribution agreement for Sol Melia covering all of its properties globally.

"Partnering with Expedia is an important step for Sol Melia in evolving our global distribution strategy in new and more dynamic ways," said Jose Maria Dalmau, senior vice president of global sales, Sol Melia. "Sol Melia has a long history of delivering superior service to our guests, and Expedia is an ideal partner to help us extend our offerings to millions of travelers worldwide."

"In partnering with the world's leading resort chain, Expedia advances our commitment to delivering travellers across the globe the best selection at the best value," said Melissa Maher, vice president strategic accounts at Expedia, Inc. "We are pleased to be working with Sol Melia to help them meet their business objectives by tapping into Expedia's global marketplace."

The agreement provides Sol Melia access to the Expedia online marketing and travel distribution expertise, dynamic rate management, and targeted merchandising opportunities to reach travelers throughout Europe, Asia and North America. In turn, Expedia customers can book accommodations at Sol Melia hotels and resorts worldwide, including the Melia Hotels & Resorts, ME by Melia, TRYP Hotels, Sol Hotels and Paradisus Resorts brands.

Sol Melia has nearly 350 hotels in 30 countries. Sol Melia hotels will access Expedia's global online travel marketplace through Expedia(R)Connect, Expedia's industry leading direct connection solution for chain hotels.

About Expedia, Inc.

Expedia, Inc. is the world's leading online travel company, empowering business and leisure travellers with the tools and information they need to easily research, plan, book and experience travel. Expedia, Inc. also provides wholesale travel to offline retail travel agents and in-destination concierge service and activity desks for travellers. The Expedia, Inc. portfolio of brands includes: Expedia.com(R), hotels.com(R), Hotwire(R), Expedia(R) Corporate Travel, TripAdvisor(R), Expedia Local Expert(TM), Classic Vacations(R) and eLong(TM). Expedia, Inc.'s companies operate more than 50 global points of sale with sites in North America, South America, Latin America, Europe, Middle East, Africa and Asia Pacific. Expedia, Inc. is a component of the S&P 500 index. For more information, visit http://www.expediainc.com/ .

About Expedia(R) Partner Services Group

Expedia(R) Partner Services Group (PSG) is the central point of contact for travel suppliers to access the global Expedia marketplace of leading travel brands comprising more than 50 points of sale worldwide. With hundreds of employees in local markets throughout the world, Expedia(R) PSG makes it easy for suppliers to meet their global distribution objectives, and delivers a portfolio of innovative connectivity solutions, rate and inventory management tools, business intelligence reports, and online marketing expertise.

About Sol Melia

Founded in 1956 in Palma de Mallorca (Spain), Sol Melia is the largest resort hotel chain in the world and market leader in Spain in both business and leisure travel. The company currently provides more than 300 hotels in 30 countries on 4 continents, and employs 32,500 people under its Melia (Gran Melia and Melia Boutique Hotel), ME by Melia, Tryp, Sol, Paradisus and Sol Melia Vacation Club brands.

Expedia is either a registered trademark or trademark of Expedia, Inc. in the U.S. and/or other countries. Hotels.com is either a registered trademark or trademark of Hotels.com, LP, a subsidiary of Hotels.com in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.

Expedia, Inc.

CONTACT: Katie Deines of Expedia, +1-425-679-4317, press@expedia.com; or
Maria Umbert of Sol Melia Hotels & Resorts, +34-971-22-44-64,
comunicacion@solmelia.com

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

Expedia Signs Global Partnership Agreement With Sol Melia Hotels & Resorts

BELLEVUE, Washington and MALLORCA, Spain, May 21 /PRNewswire/ --

- Deal marks first ever agreement covering all Sol Melia properties worldwide

Expedia, Inc. (Nasdaq: EXPE), the world's leading online travel company, today announced it has signed a long term, strategic global supply agreement with Sol Melia, the leading Spanish hotel chain in both the city and resort markets and world leader in resort hotels. Under the agreement, all Sol Melia properties will be available for booking on Expedia(R) and hotels.com(R) branded sites worldwide. This is the first agreement between Expedia and Sol Melia, and marks the first distribution agreement for Sol Melia covering all of its properties globally.

About Expedia, Inc.

About Expedia(R) Partner Services Group

About Sol Melia

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

Expedia, Inc.

Katie Deines of Expedia, +1-425-679-4317, press@expedia.com; or Maria Umbert of Sol Melia Hotels & Resorts, +34-971-22-44-64, comunicacion@solmelia.com

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