Focus 21 Partners with Avistar to Deliver C3's Value in the UKLeading UK integrator regards Avistar's C3 technology as a unifying solution to deliver complete availability of videoconferencing

SAN MATEO, Calif and LONDON, May 22 /PRNewswire-FirstCall/ -- Avistar Communications Corporation has signed a partnership with Focus 21, one of the UK's leading audio visual integrators, as a value-added reseller (VAR) for the UK market. The agreement enables Focus 21 to extend the scope of its videoconferencing solutions from large scale room systems and mobile systems to personal desktop systems. The move has been made in response to growing demand among global organizations which now regard video communications as essential to their business operations and market competitiveness.

Commenting on the partnership, Jim Harwood, managing director at Focus 21, said: "We're finding that among our larger clients, as they get used to videoconferencing and perceive its benefits more clearly, there's rising demand for the service to be available wherever they need to be - whether that's in a meeting room, at their desk, or even working from home. Fundamentally for our clients, Avistar integrates seamlessly with systems from other vendors and comes with the confidence of being thoroughly tested and proven in the market."

Focus 21 installs and maintains audio visual and videoconferencing facilities for major global organizations. Its services cover integration of systems for offices, conference rooms, boardrooms and lecture theatres, and the provision of VoIP.

Avistar's C3 software provides video, voice and collaboration at the desktop, through a range of room-based systems, or on the move as a mobile system. Capable of delivering video communications at scale, without needing significant network upgrades, it is designed as a "self-service" videoconferencing solution requiring no technician support or advance call scheduling.

A crucial factor for Focus 21 when evaluating C3 was its compatibility with industry video standards, such as H.320, H.323 and SIP, plus built-in firewall traversal, to ensure no-hassle interconnectivity with existing and external room-based videoconferencing systems from other popular vendors. Another key benefit was C3's integrated IP network bandwidth management technology, which allows videoconferencing to be rolled out at scale without impairing network performance or requiring higher levels of network bandwidth.

Focus 21's technicians were also pleased to find time-saving centralized administration and maintenance tools. These enable them to perform most support functions remotely over the IP network, plus easily and inexpensively add additional videoconferencing locations into the Avistar network.

Avistar C3 delivers proven gains in terms of improved quality of interaction, greater workflow efficiency and easier collaboration at distance. Clients report as much as a 20 percent reduction in travel expense and carbon emissions, increases in productivity, and immeasurably improved decision making and relationship building within their organizations, as well as with suppliers and customers.

About Avistar Communications Corporation

Avistar creates technology that provides the missing critical element in unified communications: bringing people in organizations face-to-face, through enhanced communications, for true collaboration anytime, anyplace. Its latest product, Avistar C3, draws on over a decade of market experience to deliver a single-click desktop videoconferencing and collaboration experience that moves business communications into a new era. Available as a stand-alone solution, or integrated with existing unified communications software from other vendors, Avistar C3 users gain instant messaging-style ability to initiate video communications across and outside the enterprise. Patented bandwidth management enables thousands of users to access desktop videoconferencing, Voice over IP (VoIP) and streaming media, without requiring substantial new network investment or impairing network performance.

Avistar's desktop videoconferencing and collaboration installations are among the world's largest, including more than 18,000 seats in more than 40 countries. Clients report as much as a 20 percent reduction in travel expense and carbon emissions, increases in productivity, and immeasurably improved relationship building within their organizations, as well as with suppliers and customers. Avistar holds a portfolio of 80 patents for inventions in video and network technology and licenses IP to videoconferencing, rich-media services, public networking and related industries. Current licensees include Sony Corporation, Sony Computer Entertainment Inc. (SCEI), Polycom, Inc., Tandberg ASA, Radvision Ltd. and Emblaze-VCON.

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

Avistar Communications Corporation

CONTACT: James Ollerenshaw of Austin Lawrence Group, +44(0)20-7582-6683,
james@austinlawrence.com

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

Trans World Entertainment Announces First Quarter 2008 Results

ALBANY, N.Y., May 22 /PRNewswire-FirstCall/ -- Trans World Entertainment Corporation today announced total sales for the first quarter ended May 3, 2008 decreased 19% to $232.6 million, compared to $286.3 million in the first quarter of 2007. Comparable store sales in the first quarter of 2008 decreased 6%. For the first quarter of 2008, the loss before income taxes was $11.7 million compared to a loss before income taxes of $15.8 million for the same period last year. For the first quarter of 2008, the net loss was $11.8 million, or $0.38 per share compared to a net loss of $9.1 million, or $0.29 per share for the same period last year. The Company recorded income tax expense of $0.1 million during the first quarter of 2008, compared to an income tax benefit of $6.7 million last year.

"Overall retail sales were weak in the first quarter. While comp sales in music continued to decline, we experienced increases in video, video games and our other category which includes electronics, accessories and trend," said Robert J. Higgins, Chairman and Chief Executive Officer of Trans World Entertainment.

Gross profit as a percentage of sales for the first quarter of 2008 was 35.7% compared to 36.5% in the first quarter of 2007. SG&A as a percentage of sales decreased to 38.0%, compared to 38.3% last year.

Trans World Entertainment is a leading specialty retailer of entertainment software, including music, video and video games and related products. The Company operates nearly 800 retail stores in the United States, the District of Columbia, the U.S. Virgin Islands, and Puerto Rico, primarily under the names f.y.e. for your entertainment and Suncoast and on the web at http://www.fye.com/, http://www.wherehouse.com/, http://www.secondspin.com/, http://www.samgoody.com/ and http://www.suncoast.com/.

Certain statements in this release set forth management's intentions, plans, beliefs, expectations or predictions of the future based on current facts and analyses. Actual results may differ materially from those indicated in such statements. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.

TRANS WORLD ENTERTAINMENT CORPORATION Financial Results STATEMENTS OF OPERATIONS: (in millions, except per share data) Thirteen Weeks Ended Thirteen Weeks Ended May 3, % to May 5, % to 2008 Sales 2007 Sales Net sales $232.6 $286.3 Cost of sales 149.6 64.3% 181.9 63.5% Gross profit 83.0 35.7% 104.4 36.5% Selling, general and administrative expenses 88.3 38.0% 109.6 38.3% Depreciation and amortization 5.5 2.4% 9.2 3.2% Loss from operations (10.8) -4.7% (14.4) -5.0% Interest expense, net 0.9 0.3% 1.4 0.5% Loss before income taxes (11.7) -5.0% (15.8) -5.5% Income tax expense (benefit) 0.1 0.1% (6.7) -2.3% NET LOSS $(11.8) -5.1% $(9.1) -3.2% Basic and diluted loss per share: Basic and diluted loss per share $(0.38) $(0.29) Weighted average number of common shares outstanding - basic and diluted 31.2 31.0 SELECTED BALANCE SHEET CAPTIONS: (in millions, except store data) May 3, 2008 May 5, 2007 Cash and cash equivalents $13.1 $13.7 Merchandise inventory 417.0 494.7 Fixed assets (net) 75.3 131.2 Accounts payable 128.1 171.1 Borrowings under line of credit 22.7 55.0 Long-term debt, less current portion 11.7 15.2 Stores in operation 799 972

Trans World Entertainment Corporation

CONTACT: John J. Sullivan, EVP, Chief Financial Officer of Trans World
Entertainment, +1-518-452-1242; or Richard Tauberman of MWW Group,
+1-201-507-9500, rtauberman@mww.com, for Trans World Entertainment

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

[video] WallSt.net's '3 Minute Press Show' Features Executive Interviews and Highlights Recent Press From the Following: CGEN, CYTR, COR, EMDY, TMCI, KEX, ETLY, PWSF, EVTN

NEW YORK, May 22 /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: -- Martin Gerstel, Chairman of Compugen Ltd. (http://www.cgen.com/) -- Steven Kriegsman, President and Chief Executive Officer of CytRx Corp. (http://www.cytrx.com/) -- Dr. Roger Stoll, Chairman, President and CEO of Cortex Pharmaceuticals, Inc. (http://www.cortexpharm.com/) -- Shu Kaneko, Chief Financial Officer of Emerald Dairy, Inc. (BULLETIN BOARD: EMDY) (http://www.emeralddairy.com/) -- Neil Cox, Chief Financial Officer of Tombstone Cards, Inc. (BULLETIN BOARD: TMCI) (http://www.tombstonecards.com/) -- Graeme O'Neill, President of Kent Exploration, Inc. (TSX.V: KEX) (http://www.kent-exploration.com/) -- Jonathan Read, Chief Executive Officer of ECOtality, Inc. (BULLETIN BOARD: ETLY) (http://www.ecotality.com/) -- Jack Mayer, President of PowerSafe Technology Corp. (BULLETIN BOARD: PWSF) (http://www.amplificationtechnologies.com/) -- John DiBella, EVP of Business Development for Enviro Voraxial Technology, Inc. (BULLETIN BOARD: EVTN) (http://www.evtn.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. 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

Photo: http://www.newscom.com/cgi-bin/prnh/20050927/LATU121LOGO016
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com WallStreet Direct, Inc.; Emerald Dairy, Inc.; Tombstone Cards, Inc.;

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

Web site: http://www.wallst.net/
http://www.cgen.com/
http://www.cytrx.com/
http://www.cortexpharm.com/
http://www.cortexpharm.com/
http://www.emeralddairy.com/
http://www.tombstonecards.com/
http://www.kent-exploration.com/
http://www.ecotality.com/
http://www.amplificationtechnologies.com/

FairPoint to Webcast May 22, 2008 Investor DayFairPoint to Discuss Verizon Integration

CHARLOTTE, N.C., May 22 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. , a leading provider of communications services to communities across the country, today announced that the Company will webcast its 2008 investor day presentation being hosted on May 22, 2008 beginning at 8:00 a.m. EDT. Presentations and the subsequent Q&A session are anticipated to run for approximately three hours. The investor day will focus on the integration and Transition Services Agreement (TSA) related to the recently completed transaction in which FairPoint Communications acquired Verizon Communications' landline and certain related operations in Maine, New Hampshire and Vermont.

FairPoint presenters will include Chairman and Chief Executive Officer Gene Johnson, President Peter Nixon and Chief Financial Officer John Crowley. Also participating will be members of the northern New England integration team, including Capgemini, FairPoint's lead integration partner.

The investor day will incorporate a slide presentation that will be made publicly available before the scheduled start time at approximately 7:30 a.m. EDT on the morning of May 22, 2008.

To access the webcast and the slide presentation, participants should click the "Event Calendar" section of FairPoint's Investor Relations page at http://phx.corporate-ir.net/phoenix.zhtml?p=irol- eventDetails&c=122010&eventID=1847336 (Please copy and paste the URL into a web browser). An online webcast replay with the corresponding presentation will be available later that same afternoon on May 22, 2008 and will remain available for one year.

About FairPoint

FairPoint Communications, Inc. is an industry leading provider of communications services to communities across the country. Today, FairPoint owns and operates local exchange companies in 18 states offering advanced communications with a personal touch including local and long distance voice, data, Internet, television and broadband services. FairPoint is traded on the New York Stock Exchange under the symbol FRP. Learn more at http://www.fairpoint.com/.

This press release may contain forward-looking statements by FairPoint that are not based on historical fact, including, without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions and statements. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Such factors include those risks described from time to time in FairPoint's filings with the Securities and Exchange Commission ("SEC"), including, without limitation, the risks described in FairPoint's most recent Annual Report on Form 10-K on file with the SEC. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and FairPoint undertakes no duty to update this information.

Investor Contact: Brett Ellis (866) 377-3747 bellis@fairpoint.com Media Contact: Rose Cummings (704) 840-5202 rcummings@fairpoint.com

FairPoint Communications, Inc.

CONTACT: Investors: Brett Ellis, +1-866-377-3747, bellis@fairpoint.com;
Media: Rose Cummings, +1-704-840-5202, rcummings@fairpoint.com, both of
FairPoint Communications, Inc.

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

Bruce Hutchison Named uBid.com Holdings, Inc. Vice President of MarketingAsset-Recovery Leader Appoints Veteran Marketer To Support Growth Plan

CHICAGO, May 22 /PRNewswire-FirstCall/ -- uBid.com Holdings, Inc. (BULLETIN BOARD: UBHI) , the leading asset recovery solutions company for the world's most trusted brands, today announced the appointment of Bruce Hutchison to Vice President of Marketing. Hutchison will lead uBid Holdings' strategy, branding and customer acquisition/retention efforts as uBid.com Holdings augments its online auction platform with additional sales channels.

Hutchison, a veteran marketer having held senior marketing roles at Midas International Corporation, Thompson Multimedia and D'Arcy, Masius, Benton & Bowles, is an ideal leader for uBid.com Holdings marketing efforts as they execute on the recent shifts in their business strategy. Most recently, Hutchison worked with Sears Holdings Corporation's Kmart business to implement its first-ever customer loyalty program, which used both online and offline data to learn about and better serve their customers through more personal and relevant communications and incentives.

"Bruce's experience and proven track record in brand management and consumer research are just what uBid needs as we evaluate the brands of our existing sales channels and aggressively build out new sales channels in support of our sellers. Bruce has a solid record of launching successful initiatives and campaigns that deliver positive results," said uBid Holdings Chief Executive, Jeff Hoffman.

This move closely follows uBid.com Holdings' recent shift in business strategy, alignment with respected communications and operations partners and aggressive Investor Relations campaign, suggesting that the 10-year-old asset-recovery company known for online auctions, may be building up steam for a rapid expansion in 2008.

For more information please visit http://www.ubid.com/. About uBid.com Holdings, Inc.

uBid Holdings, Inc. is the world's leading excess inventory solutions company that links brand name sellers with customers around the globe. uBid Holdings, Inc. does this through its multi-channel asset-recovery solution that includes an online auction platform located at http://www.ubid.com/, physical facilities liquidation and a business-to-business selling platform. Brand name sellers are able to reduce excess inventory more efficiently and profitably than ever before. And however they choose to buy, shoppers now have an inside connection to the world's most trusted brands at prices far below retail. With more than 10 years experience in online commerce, uBid Holdings, Inc. is headquartered in Chicago, IL.

uBid.com Holdings, Inc. is publicly-traded on the NASD OTC bulletin board (UBHI).

SEC Filings and Forward-Looking Statements

Additional information about uBid.com is in the company's annual report on Form 10-K, filed with the Securities and Exchange Commission.

Certain statements made in this release are "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, including statements using terminology such as "anticipate," "believe," "estimate," "expect," "intend," "may," "could," "possible," "plan," "project," "should," "will," "forecast," and similar words or expressions. uBid.com Holdings, Inc. intends that all forward-looking statements be subject to the safe harbor provisions of the Private Securities Litigation Reform Act. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of uBid.com Holdings, Inc. and the industries and markets in which uBid.com Holdings, Inc. operates. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect the forward looking statement identified above and uBid.com Holdings, Inc.'s business, financial condition and operating results generally include the effects of adverse changes in the economy, reductions in consumer spending, declines in the financial markets and the industries in which uBid.com Holdings, Inc. and its partners operate, adverse changes affecting the Internet and e-commerce, the ability of uBid.com Holdings, Inc. to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment or extension of its relationships with strategic partners, the ability of uBid.com Holdings, Inc. to timely and successfully develop, maintain and protect its technology and product and service offerings and execute operationally, the ability of uBid.com Holdings, Inc. to attract and retain qualified personnel, the ability of uBid.com Holdings, Inc. to successfully integrate its acquisitions of other businesses, if any, and the performance of acquired businesses. uBid.com Holdings, Inc. expressly disclaims any intent or obligation to update these forward-looking statements, except as otherwise specifically stated by uBid.com Holdings, Inc.

uBid.com Holdings, Inc.

CONTACT: Jim Murphy of uBid.com, +1-773-272-4537, jimm@ubid.com

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

Noah Education Holdings Ltd.'s Executive Vice President, Rick Chen to Present at Oppenheimer's 2nd Annual China Dragon Call Conference on May 22nd in New York City

SHENZHEN, China, May 22 /Xinhua-PRNewswire/ -- Noah Education Holdings Ltd. (''Noah'') , a leading provider of interactive education content in China, today announced that Mr. Rick Chen, Noah Education's executive vice president, will present at Oppenheimer's 2nd Annual China Dragon Call Conference on May 22nd in New York City.

Location: New York City, Oppenheimer Offices at 300 Madison Avenue Date: May 22 Time: 10:40am About Noah

Noah Education Holdings Limited (''Noah'') is a leading provider of interactive supplemental education content and services in China. Noah develops and markets interactive multimedia learning materials mainly to complement prescribed textbooks used in China's primary and secondary school curricula. Noah delivers content primarily through handheld digital learning devices, or DLDs. Noah content is also available through the company's on-line website and Noah distribution centers nationwide. Noah runs after-school tutoring centers in Chengdu, Chongqing and Beijing. Additionally, Access Noah, an in-school initiative, is bringing Noah products and services into China's public schools.

For more information about Noah, please visit http://www.noahtech.com.cn/ . For investor and media inquiries, please contact: In China: Wendy Li Noah Education Holdings Limited Tel: +86-755-8204-3194 Email: lixin@noah21cn.com Helen Plummer Ogilvy Public Relations Worldwide (Beijing) Tel: +86-10-8520-3090 Email: helen.plummer@ogilvy.com In the United States: Jessica Cohen Ogilvy Public Relations Worldwide (New York) Tel: +1-646-460-9989 Email: jessica.cohen@ogilvy.com

Noah Education Holdings Limited

CONTACT: In China, Wendy Li of Noah Education Holdings Limited, +86-755-
8204-3194, or lixin@noah21cn.com; or Helen Plummer of Ogilvy Public Relations
Worldwide (Beijing) for Noah Education Holdings Limited, +86-10-8520-3090, or
helen.plummer@ogilvy.com; or in the United States, Jessica Cohen of Ogilvy
Public Relations Worldwide (New York) for Noah Education Holdings Limited, +1-
646-460-9989, or jessica.cohen@ogilvy.com

Web site: http://www.noahtech.com.cn/

Micrel Launches Fast and Furious Solution With Introduction of the Industry's Highest Delay Resolution Skew Management IC

SAN JOSE, California, May 22 /PRNewswire/ --

- High-Speed Dual Channel Delay Line IC Features Just 5ps/Step Signal Delays, Runs At 3.2Gpbs

Micrel Inc. (Nasdaq: MCRL), an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today launched the dual channel SY89297U delay line IC. The second generation device can be serially programmed to provide just 5ns of delay per channel while running up to 3.2Gbps/1.6GHz. The delay is very linear and monotonic, providing precise delay for high-speed applications. The IC is currently available in volume with pricing starting at US$9.23 for 1K quantities. In addition, samples can now be ordered directly from the Micrel website at: http://www.micrel.com/ProductList.do

"The programmable delay feature of the SY89297U makes design work simpler for these complex and faster than ever high-speed applications," said Thomas S. Wong, vice president High Bandwidth products, Micrel. "Fast linear delays coupled with 5ps/step resolution provide a precise delayed signal while the IC's ferociously high speeds and low power makes this part ideal for today's economical designs."

The device includes three-pin serial programming to adjust signal delays, making designs simple. Two channels provide more flexibility to the designer. The part is designed to provide 10ns of signal delay by using both channels. Multiple SY89297Us can be cascaded to generate even higher delay. The product operation is guaranteed over 0 degrees C to +75 degrees C and supply voltage of 2.5V +/- 5 percent. The patented 3-pin internal termination input allows use of the part with any differential (PECL, CML, or LVDS) signals. The device is offered in MLF(R) packaging, which features low inductance and capacitance.

About Micrel, Inc.

Micrel Inc., is a leading global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. The Company's products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, Ethernet switch and physical layer transceiver ICs. Company customers include leading manufacturers of enterprise, consumer, industrial, mobile, telecommunications, automotive, and computer products. Corporation headquarters and state-of-the-art wafer fabrication facilities located in San Jose, CA with regional sales and support offices and advanced technology design centers situated throughout the Americas, Europe and Asia. In addition, the Company maintains an extensive network of distributors and reps worldwide. Web: http://www.micrel.com.

Note: MLF is a registered trademark of Amkor Technology.

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

Micrel Inc.

Julieanne DiBene, Marketing Communications of Micrel Inc., +1-408-474-1276, Julie.DiBene@Micrel.com

Active Control announces second commercial installation of ActiveMine at a Magnum coal mineInstallation at West Virginia underground coal mine marks first deployment of ActiveMine's full wireless communications and tracking capabilitiesTSX-V: ACT

TORONTO, May 22 /PRNewswire-FirstCall/ -- Active Control Technology Inc. (TSX-V:ACT) announced today the second commercial installation of ActiveMine(TM), the premier wireless communications and locating system for mines, at an underground coal mine in West Virginia.

The installation, at Magnum Coal Company's IO Coal Mine, began earlier this month. The deployment is part of a five-mine purchase order by Magnum announced last November.

"This is another major milestone for Active Control and for mining companies seeking a better communications and tracking solution," said Steve Barrett, President and CEO, Active Control.

ActiveMine provides excellent flexibility and value over the life of any mine. The system can be expanded and enhanced with additional features to meet changing demands as mine operations grow, while providing a profitable ongoing revenue stream for Active Control.

The IO Coal Mine installation follows an earlier ActiveMine deployment at Magnum's Winchester mine in West Virginia, under a separate purchase order.

"We are delivering on our promise to customers to install ActiveMine successfully and on-time," Barrett said. "At the same time, we are advancing discussions with many operators to secure additional purchase orders."

The IO and Winchester installations both include ActiveMine's new "Starfish(TM)" feature, which for the first time makes it possible for miners who become isolated due to an accident, explosion or other event to stay linked, even when they are distant from one another and cut off from the outside world.

About Starfish

Starfish operates on top of ActiveMine's 100 percent wireless Wi-Fi MESH network. The strategic placement of nodes creates multiple wireless paths, making it possible to maintain communication links in the event any node fails or is damaged.

With Starfish, even if a node or series of nodes becomes isolated from the main network, voice communications will automatically be re-established within an isolated area. The analogy in nature is that of a starfish: If a starfish's arm is severed, a complete new starfish is naturally regenerated by the severed section.

This capability is currently not possible with analog walkie-talkie radios used in leaky feeder systems.

About ActiveMine

ActiveMine's communications, data and tracking system enables monitoring of production, personnel and equipment in all types of surface and underground mining environments, including coal and base metal mines. The system is designed to:

- Operate on a 100 percent wireless Wi-Fi network backbone. - Be less susceptible to water and mechanical damage of all sorts, including rock fall. - Use open-standards technology. - Meet federal MINER Act requirements for wireless systems as established in MSHA policies. - Provide four-day intrinsically safe battery back-up and power supply. - Provide a wireless communications and data network above-ground, linked seamlessly to underground networks. About Active Control Technology

ACT designs and markets wireless network control and communication systems for buildings and extreme environments. Located in Burlington, Ontario, Canada, the company trades publicly on the TSX Venture Exchange under the symbol ACT. For more information, visit the company's website at http://www.activecontrol.com/.

About Magnum Coal

Magnum Coal Company, based in Charleston, West Virginia, is one of the largest producers of coal in the U.S. Central Appalachian coal mining region. The company controls over 629 million tons of high Btu, low sulfur coal and operates 17 mines and seven preparation plants, all located in West Virginia. The company's strategy is focused on maintaining its leading cost position in the region and exploiting internal and external growth opportunities afforded by its considerable reserve base and market position.

We make wireless work.(TM) The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the Company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. The reader is cautioned not to put undue reliance on such forward-looking statements.

Active Control Technology Inc.

CONTACT: Steve Barrett, President & C.E.O., Active Control Technology
Inc., Tel.: (905) 670-5500 ext. 202, Fax: (905) 592-9691, Email:
sbarrett@activecontrol.com, Website: http://www.activecontrol.com/; Don Hogarth,
Hogarth Communications Inc., Tel.: (416) 565-8920, Email: don@hogarthpr.com

Digirad Corporation Signs Letter of Understanding With Johns Hopkins University School of Medicine

POWAY, Calif., May 22 /PRNewswire-FirstCall/ -- Digirad Corporation , a leading provider of medical diagnostic imaging systems and services to physicians' offices, hospitals and imaging centers, today announced the signing of a letter of understanding with Johns Hopkins University School of Medicine in Baltimore, Md.

Under terms of the arrangement, Johns Hopkins will be available to read diagnostic images for primary care physicians, throughout the greater Baltimore area and surrounding counties, utilizing Digirad in-office cardiac imaging. Digirad's mobile imaging service will provide state-of-the-art equipment and qualified, trained personnel who will perform the imaging procedures in the physicians' offices. Through agreements between the physicians and Johns Hopkins, patients' images will be interpreted by Johns Hopkins cardiologists and the results returned electronically to the referring physicians.

Digirad Chief Executive Mark Casner said that the company's business strategy supports better patient care, because it combines the family physician's patient-specific knowledge with the diagnostic expertise of specialists at leading medical institutions such as Johns Hopkins.

Casner commented: "We are pleased that Johns Hopkins will be available to assist local-area physicians with meeting the needs of their patients. As a result we anticipate substantial benefits for patients, including excellent quality imaging, readings by highly skilled cardiac specialists and the comfort of knowing that their own doctors will remain closely involved in their care.

"With this service, physicians can be more effective at patient scheduling, provide important diagnostic services, and offer the specialized expertise of a leading medical institution while maintaining the primary patient relationship," Casner added.

About Digirad

Digirad Corporation provides diagnostic medical imaging systems and services to physicians' offices, hospitals and imaging centers for cardiac, vascular, and general imaging applications. Digirad's Cardius XPO line of nuclear imaging cameras use patented solid-state technology and unique multi (single, dual, triple) head design for superior performance and advanced features for sharper digital images, faster processing, compact size, lighter weight for portability, ability to handle patients up to 500 pounds, and improved patient comfort compared to standard nuclear cameras. Digirad's 2020tc general-purpose nuclear imager has a small footprint and may also be configured for fixed or mobile use to supplement primary imaging. Digirad's installed base of equipment exceeds 450 systems; in addition, a mobile fleet of more than 120 nuclear and ultrasound imaging systems is being used in 22 states, primarily in the eastern, midwestern and southwestern United States. For more information, please visit http://www.digirad.com/. Digirad(R), Digirad Imaging Solutions(R), and Cardius(R) are registered trademarks of Digirad Corporation.

Forward-Looking Statements

Digirad cautions that statements included in this press release that are not a description of historical facts are forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts and use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe" and other words and terms of similar meaning in connection with a discussion of future operating or financial performance or events. Examples of such statements include statements regarding terms of the agreement, performance of parties under the agreement, and patient benefits. The inclusion of these and other forward- looking statements should not be regarded as a representation by Digirad that any of its plans will be achieved. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in Digirad's business including, without limitation: the degree to which personnel changes and related disruptions in our business activities may affect Digirad's products, customers, work force, suppliers, and our overall business prospects and operations; the degree to which Digirad's camera systems and related services will be accepted by physicians and hospitals some of whom may experience reliability issues or technical problems; the ability of Digirad effectively to market, sell and distribute its medical devices, and related services given its limited capabilities in these areas; Digirad's ability to manage risks relating to product liability, warranty claims, recalls, property damage and personal injury with respect to its imaging systems; and other risks detailed in Digirad's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Form 8-K and other reports. Given these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Digirad undertakes no obligation to revise or update this press release including the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to update the reasons actual results could differ materially from those anticipated in these forward- looking statements, even if new information becomes available in the future.

Investor Contact: Company Contact: Dan Matsui Mark Casner Allen & Caron CEO 949-474-4300 858-726-1600 d.matsui@allencaron.com ir@digirad.com

Digirad Corporation

CONTACT: Investors, Dan Matsui of Allen & Caron, +1-949-474-4300,
d.matsui@allencaron.com, for Digirad Corporation; or Mark Casner, CEO of
Digirad Corporation, +1-858-726-1600, ir@digirad.com

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

Xyratex Executive Management to Present at the 2008 FBR Capital Markets 12th Annual Spring Investor Conference

HAVANT, England, May 22 /PRNewswire-FirstCall/ -- Xyratex Ltd. , a leading provider of modular enterprise class data storage subsystems and storage process technology, announced today that Steve Barber, Xyratex CEO, will present at the 2008 FBR Capital Markets Investor Conference:

When: Wednesday, May 28, 2008, at 11:15 a.m. ET/8:15 a.m. PT Where: The Grand Hyatt - New York, New York Presenter: Steve Barber, CEO URL for webcast: http://www.xyratex.com/investors About Xyratex

Xyratex is a leading provider of modular enterprise class data storage subsystems and storage process technology. The company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products to support high-performance storage and data communication networks. Xyratex has over 20 years of experience in research and development relating to disk drives, storage systems and high-speed communication protocols.

Founded in 1994 in a management buy-out from IBM, and with its headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States and South East Asia. For more information, visit http://www.xyratex.com/.

Xyratex

CONTACT: Investor Relations, Brad Driver, +1-408-325-7260,
bdriver@us.xyratex.com, or, Marketing, Lisa Hart, +1-303-442-3449,
lisa_hart@us.xyratex.com, both of Xyratex

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

Suntech Reports First Quarter 2008 Financial Results

SAN FRANCISCO and WUXI, China, May 22 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced first quarter 2008 financial results.

First Quarter 2008 Highlights(1) -- First quarter 2008 total net revenues grew 76.1% year-over-year to $434.5 million. -- Consolidated gross margin increased to 22.2% for the first quarter 2008 compared to 19.0% for the first quarter of 2007. Non-GAAP(2) gross margin reached 22.5 % for the first quarter 2008, compared with 19.9% for the first quarter 2007. -- Net income for the first quarter 2008 was $55.8 million or $0.33 per diluted American Depository Share (ADS). On a non-GAAP basis, Suntech's net income for the first quarter 2008 was $60.6 million or $0.35 per diluted ADS. Each ADS represents one ordinary share. -- Suntech's PV cell production capacity was 540MW at the end of the first quarter of 2008. The Company is on track to reach 1GW PV cell production capacity by the end of 2008.

"We executed extremely well during the first quarter, despite the impact of the snowstorm, to deliver stronger than expected growth in net revenues and solid financial results," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "A vigorous demand environment in the major solar markets in Germany and Spain as well as in the emerging markets including South Korea and Italy drove strong pricing during the quarter. We expect demand to remain robust through 2008 and are virtually sold out for the full year."

Commenting on Suntech's silicon outlook, Dr. Shi said, "During the first quarter we leveraged the funds raised through our convertible senior notes offering to enhance our long term cost competitiveness with new and expanded polysilicon supply agreements and strategic investment in key suppliers. Our ability to secure reasonably priced silicon reflects our competitive strengths with respect to our leading market position, financial strength, and close relationships with upstream suppliers. We are confident that this improved silicon outlook will help us to achieve our goal of providing grid parity solar solutions."

"During the first quarter, we continued to hire impressive talent in current and developing international markets including Germany, Spain, France, Greece, Italy, South Korea and Australia. This will lay the infrastructure for the continued rapid growth in our business, and provide the flexibility to respond to changing market dynamics. We are confident that our strategy of developing a broad portfolio of superior quality solar products, world-class manufacturing facilities and techniques, deep sales channels and improving cost efficiencies will differentiate Suntech as a clear leader in the solar industry," concluded Dr. Shi.

Recent Business Highlights Products and Projects -- Suntech established a 4MW module supply agreement with Enerray, an Italian designer, developer and manager of photovoltaic systems. The Suntech modules will be installed by Enerray in PV systems for the rooftops of large Italian industrial complexes. -- Subsequent to the close of the quarter, Suntech signed an agreement with Hanau Energies SAS to supply a 4.5MW building integrated PV system (BIPV) to a farm located in Alsace, France. The project will be one of the largest BIPV installations ever built and will employ Suntech's 'Just Roof' modules to form complete weatherproof roofs on five agricultural warehouses. Global Offices and Acquisitions -- Suntech Australia was opened in April 2008 to focus on sales and business development in Australia, New Zealand and the Pacific Islands. -- Suntech recently closed an acquisition of KSL-Kuttler Automation Systems GmbH ("KSL-Kuttler"), a leading manufacturer of automation systems for the Printed Circuit Board (PCB) industry. KSL-Kuttler will design, develop and supply primarily automation equipment employed in Suntech's manufacturing process. KSL-Kuttler will continue to manufacture and supply equipment for the PCB industry. Silicon Procurement and Investment -- Suntech announced the second phase of a strategic cooperative agreement with Nitol Solar, an independent polysilicon producer. Suntech will acquire a minority interest in Nitol Solar for a total consideration of up to $100 million. In addition, in an amendment to the original 7- year silicon supply contract, Nitol Solar has agreed to substantially increase the aggregate committed volumes to be supplied between 2009 and 2015. -- An eight-year polysilicon supply agreement was established with DC Chemical Co. Ltd. to supply Suntech polysilicon with a total value of approximately $631 million from 2009 to 2016. -- Suntech strengthened its relationship with Hoku Scientific, Inc. through an investment of approximately $20 million in a private placement offering, which included an amendment to the existing supply agreement that accelerated the delivery time and increased volume to be delivered under the agreement. Financing -- On March 17, 2008, Suntech completed an offering of $575 million of 3.00% Convertible Senior Notes due 2013. In the first quarter of 2008, Suntech leveraged the funds to improve long-term silicon prospects with new and expanded polysilicon supply agreements with Nitol Solar, DC Chemical and Hoku Materials and strategic investments in Nitol Solar and Hoku. Suntech expects to continue utilizing these funds to secure long term supply of favorably priced silicon to support future development. Industry Recognition -- Suntech was named Frost & Sullivan's 2008 Solar Energy Development Company of the Year in recognition of unparalleled excellence in design and delivery of high-quality PV cells and modules and customization of energy solutions catering to a global client base. First Quarter 2008 Results Non-GAAP Non-GAAP Net Revenues Gross Profit Gross (in $ % of Net (in $ Margin millions) Revenues millions) (%) Standard PV Modules $432.9 99.6% $98.2 22.7% - Wafer to Modules 414.7 95.4% 96.6 23.3% - Cell to Modules 18.2 4.2% 1.6 8.5% Others 1.6 0.4% (0.3) (16.6%) Total Net Revenues $434.5 100% $97.9 22.5%

Total net revenues for the first quarter of 2008 were $434.5 million, representing an increase of 76.1% from the corresponding period in 2007.

Non-GAAP gross profit for the first quarter of 2008 was $97.9 million, an increase of 98.9% year-over-year. Non-GAAP gross margin for the Company's core wafer-to-module business was 23.3% and non-GAAP consolidated gross margin was 22.5%. The gross margin increased from the fourth quarter of 2007 primarily due to an increase in the average selling price driven by strong demand for Suntech's solar products, which was partly offset by increased silicon wafer costs.

Non-GAAP operating expenses in the first quarter of 2008 totaled $31.0 million or 7.1% of total net revenues. Operating expenses increased from the fourth quarter of 2007 primarily due to an increase in expenses associated with the expansion of Suntech's global sales network, marketing associated expenses, bank service charges due to increased financing costs and bank commission charges in China, and bad debt provision on certain long-aging receivables.

Non-GAAP income from operations for the first quarter of 2008 was $66.9 million, an increase of 86.5% year-over-year. Non-GAAP operating margin was 15.4%.

Net interest expense was $4.0 million in the first quarter of 2008 compared to net interest income of $1.1 million in the fourth quarter of 2007. The sequential increase in net interest expenses was primarily due to an increase in the short-term borrowing balance to facilitate daily operations, a decrease in interest income resulting from the reduction of the interest rate by the U.S. Federal Reserve Bank, and an increase in average borrowing costs due to the worsening global credit market.

Foreign currency exchange gain was $2.9 million in the first quarter of 2008 compared to a foreign currency exchange loss of $3.7 million in the fourth quarter of 2007. The foreign currency exchange gain in the first quarter of 2008 was primarily due to the appreciation of the Euro against the USD coupled with an increase in Euro-denominated sales.

Non-GAAP net income for the first quarter of 2008 was $60.6 million, an increase of 85.2% year-over-year, or $0.35 per non-GAAP diluted ADS.

On a GAAP basis, for the first quarter of 2008 gross profit was $96.4 million, an increase of 105.2% year-over-year. Gross margin for the core wafer to module business was 23.0% and consolidated gross margin was 22.2% for the first quarter of 2008.

On a GAAP basis, operating expenses for the first quarter of 2008 were $34.6 million or 8.0% of total net revenues. Income from operations was $61.8 million for the first quarter of 2008, an increase of 116.7% year-over-year. Operating margin was 14.2%. Net income was $55.8 million, an increase of 113.8% year-over-year, or $0.33 per diluted ADS.

In the first quarter of 2008, capital expenditures, which were primarily related to production capacity expansion and the construction of Suntech's new production facilities, totaled $63.2 million and depreciation and amortization expenses totaled $7.7 million.

As of March 31, 2008, Suntech had cash and cash equivalents of $1.0 billion, compared to $521.0 million as of December 31, 2007. The increase was primarily due to the completion of a $575 million convertible notes offering in March 2008. Inventory totaled $178.3 million as of March 31, 2008 compared to $176.2 million as of December 31, 2007.

Business Outlook

Based on current operating conditions, Suntech expects revenues for the second quarter of 2008 to be in the range of $430 million to $440 million. Suntech expects minimal revenue contribution from KSL-Kuttler in the second quarter of 2008. Non-GAAP consolidated gross margin in the second quarter of 2008 is expected to be relatively consistent with the first quarter of 2008.

For the full year 2008, Suntech reiterates its expectation for total PV module shipments of 530MW and revenues in the range of $1.9 billion to $2.1 billion. Within 2008, Suntech believes that approximately 40% of this will be achieved in the first half of 2008 and 60% in the second half of 2008. Suntech expects that greater quantities of reasonably priced silicon will become increasingly available from mid-2008. Suntech targets to reach 1GW of installed PV cell production capacity by year-end 2008.

Senior Management Hires

Mr. Boxun Zhang has been promoted to Director of Business and Financial Analysis, reporting directly to Chief Financial Officer Ms. Amy Yi Zhang. Mr. Zhang joined in Suntech in February 2006 as Financial Controller. He previously worked for Credit Suisse and was an underwriter for Suntech's IPO in December 2005. Earlier, Mr. Zhang was a Senior Auditor and Senior Consultant with PricewaterhouseCoopers. Mr. Zhang received an MBA degree from Cass Business School in London, UK.

Mr. Andrew Wang joined Suntech to assume Mr. Zhang's former role as Corporate Financial Controller. Mr. Wang brings over 15 years of experience in accounting and finance primarily with multinational companies operating in China. Key career experiences include increasing levels of managerial responsibility beginning at Deloitte Touche Tohmatsu Shanghai CPA, Avery Dennison Corporation, and most recently at OTIS China (Holding) Ltd. as leader of accounting, internal controls and Sarbanes-Oxley compliance. Mr. Wang holds an MBA from Washington University in St. Louis, Missouri, USA.

First Quarter 2008 Conference Call Information

Suntech management will host a conference call today, Thursday, May 22, 2008 at 8:00a.m. Eastern Time (which corresponds to May 22, 2008 at 8:00p.m. Beijing/Hong Kong time) to discuss the Company's results.

To access the conference call, please dial +1-617-786-4501 (for U.S. callers) or +852-3002-1672 (for international callers) and ask to be connected to the Suntech earnings conference call. A live and archived webcast of the conference call will be available on Suntech's website at http://www.suntech-power.com/ under Investor Center: Financial Events.

A telephonic replay of the conference call will be available until June 5, 2008 by dialing +1-617-801-6888 (passcode: 53270665).

About Suntech

Suntech Power Holdings Co., Ltd. is a world leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of building integrated photovoltaic (BIPV) products under the MSK Solar Design Line(TM). Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visit http://www.suntech-power.com/ .

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "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, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. In particular, the projected second quarter and full year 2008 data regarding sales volume, capacity, revenues, gross margin and the business outlook and quotations from management in this announcement, as well as Suntech's strategic and operational plans, are forward-looking statements. Forward- looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement its consolidated financial results presented in accordance with GAAP, Suntech uses the following non-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude items related to share-based compensation, restructuring expenses and amortization expenses incurred from the purchase price allocation effect related to the MSK Corporation acquisition. Suntech believes that non-GAAP information is useful for analysts and investors to evaluate Suntech's future on-going performance because they enable a more meaningful comparison of Suntech's projected cash earnings and performance with its historical results from prior periods. This information is not intended to represent funds available for Suntech's discretionary use and are not intended to represent or to be used as a substitute for gross profit/margin, operating expenses, operating income or net income as measured under GAAP. Many analysts covering Suntech use the non-GAAP measures as well. These non-GAAP measures are not in accordance with or an alternative for GAAP financial data, the non-GAAP results should be reviewed together with the GAAP results and are not intended to serve as a substitute for results under GAAP, and may be different from non-GAAP measures used by other companies. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures" set forth at the end of this release and which shall be read together with the preceding financial statements prepared under GAAP.

(1) Selected highlights of the Company's first quarter 2008 results are set forth in the text of the release and should be read together with the detailed financial statements at the end of this release. (2) All non-GAAP measures exclude share-based compensation expenses, restructuring expenses and amortization expenses incurred from purchase price allocation related to the acquisition of MSK Corporation. For further details on non-GAAP measures, please refer to the reconciliation table and a detailed discussion of management's use of non-GAAP information set forth in this press release. Note: The quarterly and full year consolidated income statements are unaudited. The condensed consolidated balance sheets are derived from Suntech's unaudited consolidated financial statements. SUNTECH POWER HOLDINGS CO., LTD. CONDENSED CONSOLIDATED BALANCE SHEET (In $'000) As of As of December 31, March 31, 2007 2008 ASSETS Current assets: Cash and cash equivalents 520,966 1,020,259 Restricted cash 94,685 97,646 Inventories 176,173 178,262 Accounts receivable 237,614 271,382 Value-added tax recoverable 72,061 108,650 Advances to suppliers 61,875 82,400 Other current assets 94,105 150,750 Total current assets 1,257,479 1,909,349 Property, plant and equipment, net 292,987 329,108 Intangible assets, net 85,967 107,076 Goodwill 29,793 33,973 Investments in affiliates 1,027 -- Long-term prepayments 161,661 184,797 Long-term loan to a supplier 103,308 83,144 Other non-current assets 24,825 94,530 TOTAL ASSETS 1,957,047 2,741,977 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term borrowings, including current portion of long-term bank borrowings 321,163 442,612 Accounts payable 58,906 73,102 Other current liabilities 98,055 96,679 Total current liabilities 478,124 612,393 Long-term bank borrowings 20,672 12,965 Convertible notes 500,000 1,075,000 Accrued warranty costs 22,506 27,074 Other long-term liabilities 29,794 31,026 Total liabilities 1,051,096 1,758,458 Minority interest 17,901 18,335 Total shareholders' equity 888,050 965,184 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,957,047 2,741,977 SUNTECH POWER HOLDINGS CO., LTD. CONSOLIDATED INCOME STATEMENT (In $'000, except share, per share, and per ADS data) Three Three Three months months months ended ended ended March 31 December 31 March 31 2007 2007 2008 Total net revenues 246,696 397,538 434,514 Total cost of revenues 199,713 314,823 338,107 Gross profit 46,983 82,715 96,407 Selling expenses 5,686 9,586 15,273 General and administrative expenses 9,103 13,096 16,499 Research and development expenses 3,659 3,132 2,792 Total operating expenses 18,448 25,814 34,564 Income from operations 28,535 56,901 61,843 Interest expenses (4,419) (7,058) (9,008) Interest income 6,203 8,122 5,041 Foreign exchange gain(loss) (2,103) (3,733) 2,906 Other income (expense) (1,749) 1,657 (803) Income before income taxes 26,467 55,889 59,979 Tax provision (2,091) (5,186) (5,523) Net income after taxes before minority interest and equity in earnings of affiliates 24,376 50,703 54,456 Minority interest 1,536 936 1,346 Equity in (loss) earnings of affiliates 182 (1,020) -- Net income 26,094 50,619 55,802 Net income per share and per ADS: - Basic 0.17 0.33 0.36 - Diluted 0.16 0.29 0.33 Shares and ADSs used in computation: - Basic 150,487,272 152,945,989 153,124,488 - Diluted 164,087,838 172,725,334 173,770,151 Each ADS represents one ordinary share Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures (*) (in $ millions, except margin data, per share and per ADS data, unaudited) Three months ended March 31, 2007 Suntech Effect of Suntech Group Purchase Group GAAP Share-based Price Restructuring Non-GAAP Results Compensation Allocation Expenses Results Gross profit 47.0 2.2 -- -- 49.2 Gross margin 19.0% 19.9% Income from operations 28.5 6.5 0.5 0.3 35.8 Income from operations margin 11.6% 14.5% Net income attributable to holders of ordinary shares 26.1 6.5 (0.2) 0.3 32.7 Net income margin 10.6% 13.3% Net income per share and per ADS - Basic 0.17 0.22 - Diluted 0.16 0.20 Three months ended December 31, 2007 Effect of Purchase GAAP Share-based Price Restructuring Non-GAAP Results Compensation Allocation Expenses Results Gross profit 82.7 3.1 -- -- 85.8 Gross margin 20.8% 21.6% Income from operations 56.9 6.6 0.8 0.5 64.8 Income from operations margin 14.3% 16.3% Net income 50.6 6.6 0.5 0.5 58.2 Net income margin 12.7% 14.7% Net income per share and per ADS - Basic 0.33 0.38 - Diluted 0.29 0.34 Three months ended March 31, 2008 Effect of Purchase GAAP Share-based Price Restructuring Non-GAAP Results Compensation Allocation Expenses Results Gross profit 96.4 1.5 -- -- 97.9 Gross margin 22.2% 22.5% Income from operations 61.8 4.3 0.8 -- 66.9 Income from operations margin 14.2% 15.4% Net income 55.8 4.3 0.5 -- 60.6 Net income margin 12.8% 13.9% Net income per share and per ADS - Basic 0.36 0.40 - Diluted 0.33 0.35 (*) The adjustment is for share-based compensation, restructuring expenses and the amortization expenses incurred from purchase price allocation related to the acquisition of MSK Corporation. For more information, please contact: In China: Rory Macpherson Investor Relations Manager Suntech Power Holdings Co., Ltd. Tel: +86-510-8531-8922 Email: rory@suntech-power.com In the United States: Sanjay M. Hurry Vice President The Piacente Group, Inc. Tel: +1-212-481-2050 Email: suntech@tpg-ir.com

Suntech Power Holdings Co., Ltd.

CONTACT: In China: Rory Macpherson, Investor Relations Manager of Suntech
Power Holdings Co., Ltd., +86-510-8531-8922, or rory@suntech-power.com; In the
United States: Sanjay M. Hurry, Vice President of The Piacente Group, Inc.,
+1-212-481-2050, or suntech@tpg-ir.com

Web Site: http://www.suntech-power.com/

Emerson's(R) RIDGID(R) SeeSnake(R) micro(TM) Inspection Camera Solves Your Father's Day Gift Search for Any Do-It-Yourself Dad

ELYRIA, Ohio, May 22 /PRNewswire/ -- Forget about getting dad another bottle of aftershave or another striped tie that he won't wear. This Father's Day make dad feel like a pro with the SeeSnake(R) micro(TM) Inspection Camera from RIDGID(R). This adjustable mini-camera allows users to see into virtually any space, no matter how small -- like inside walls, air ducts, or a car's engine -- to diagnose and solve almost any home repair.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080401/NYFNSD17)

The SeeSnake micro Inspection Camera is capable of seeing inside, underneath and in-between the toughest-to-reach spots. The high-resolution camera head sits at the tip of a flexible 3-foot cable reinforced with a waterproof vinyl jacket. Users manually control the cable and camera, which relays images back to a 2.4-inch color LCD screen.

"This is definitely on my list of must-haves for every toolbox," said Andrew Dan-Jumbo, host of TLC's Take Home Handyman. "Some of the biggest problems lie in places that are obstructed from view or are hard-to-reach. I use the SeeSnake micro Inspection Camera for all kinds of projects to help take away the guesswork and finish any project faster."

Four AA alkaline batteries are included to power the camera for up to three hours of continuous viewing time. Weighing less than a pound, the SeeSnake micro Inspection Camera is lightweight, durable, and fits into most tool boxes. Also included are a protective storage case and hook, magnetic, and mirror tip attachments.

The SeeSnake micro inspection camera has an MSRP of $244 and is available at The Home Depot and other RIDGID distributors nationwide. Visit http://www.ridgid.com/ for more information.

RIDGID(R), a leading manufacturer of hand and power tools, markets its products in more than 130 countries. The company's broad offering of more than 300 types of tools serve the rental, plumbing, HVAC/R, utility, industrial, electrical, petroleum, institutional, commercial and hardware markets. RIDGID is part of Emerson Professional Tools(TM), a business of Emerson, which brings technology and engineering together to design and produce some of the highest-quality tools and equipment in the world. From wet/dry vacs to the industry's best-selling pipe diagnostic system, key brands include RIDGID(R), Knaack(R), and WeatherGuard(R).

Emerson , based in St. Louis, Missouri, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. For more information, visit http://www.emerson.com/.

Photo: http://www.newscom.com/cgi-bin/prnh/20080401/NYFNSD17
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com RIDGID

CONTACT: Bryce Huguenin of Durk Rion Public Relations, +1-312-492-7721,
bryce@durkrion.com, for RIDGID

Web site: http://www.ridgid.com/
http://www.emerson.com/

MyFunCards(TM) Customizable eCards Add an Upbeat, Animated and Audible Flair to This Year's Father's Day WishesFree Online Service Lets Senders Create More Memorable Missives and Express Their Father's Day Feelings More Personally Than Ever by Including Precious Pictures, Real Remembrances and Special Sentiments

WHITE PLAINS, N.Y., May 22 /PRNewswire/ -- Thanks to MyFunCards(TM) (http://www.myfuncards.com/), the customizable eCard website, loved ones can ensure that it is their heartfelt wishes that are delivered to dear old Dad on Father's Day (June 15th) and not the routine rhymes of anonymous greeting card writers.

No longer simply a last minute rescue for a conventional card oversight (or a get out of guilt free card), MyFunCards electronic cards are increasingly capturing the hearts, minds and loyalties of card senders on Father's Day, Mother's Day and throughout the year.

"With MyFunCards, more senders are expanding the realm of personalized cards, adding touching words, endearing images and embedding meaningful memories to their special eCard messages," explains Tim Allen, vice president of portal product management for IAC Consumer Applications & Portals, the parent company of http://www.myfuncards.com/.

Noting the Greeting Card Association's annual survey revealed that more than 500 million electronic greeting cards were sent worldwide in 2007, Allen revealed that MyFunCards.com is on track to see substantial double-digit increases in cards sent during 2008. "We experienced a growth in Mother's Day cards sent from the MyFunCards website in 2008 of more than 30 percent over Mother's Day 2007 and are projecting similar year-over-year increases for Father's Day as well," said Allen.

To send Dad a special eCard this Father's Day or for any occasion year round, visit http://www.myfuncards.com/.

About IAC Consumer Applications & Portals ("IAC CAP")

IAC CAP, a wholly owned business of IAC/InterActiveCorp , is a leading web developer of consumer applications and portals which enable users to creatively and visually express themselves online. IAC CAP brands include Zwinky(TM), Smiley Central(R), Webfetti(TM), IWON(R), Popular Screensavers(TM), MyFunCards(TM), Cursor Mania(TM), as well as the Excite(R) and MyWay(TM) portals.

For more information regarding MyFunCards, please contact: Deborah Szajngarten David Barkoe IAC Consumer Applications & Portals Attention PR 914-826-2153 212 201 7894 Deborah.szajngarten@IACcap.com david@attentionpr.com

IAC Consumer Applications & Portals Inc.

CONTACT: Deborah Szajngarten of IAC Consumer Applications & Portals,
+1-914-826-2153, Deborah.szajngarten@IACcap.com; or David Barkoe of Attention
PR, +1-212-201-7894, david@attentionpr.com, for IAC Consumer Applications &
Portals

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

Bezeq Group Reports First Quarter 2008 Financial ResultsNIS 398 Million in net Profit Attributable to Shareholders as Revenue Increases Year-Over-Year to NIS 3.10 Billion

TEL AVIV, Israel, May 22 /PRNewswire-FirstCall/ -- Bezeq The Israel Telecommunication Corp., Limited , Israel's leading telecommunications provider, announced today its financial results for the first quarter 2008, the period ended March 31, 2008. Details regarding today's investor conference call and web cast are included later in this press release.

Bezeq Group First Quarter 2008 Financial Highlights: - Revenues of NIS 3.10 billion, up 0.4% compared to the prior year period. - Operating profit totaled NIS 664 million, up 1.1% compared to the prior year period. - Net profit attributable to shareholders totaled NIS 398 million, down 0.3% compared to the prior year period. - Earnings per basic and diluted share amounted to NIS 0.15, same as earnings per basic and diluted share for the first quarter of 2007. - Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled NIS 1.09 billion, down 0.5% compared to the prior year period. - EBITDA margin was 35.3% compared to 35.5% in prior year period. - Net capital expenditures totaled NIS 305 million, up 40.6% year-over-year. - Free cash flow from operating activities totaled NIS 332 million, a decline of 48.8% year-over-year, an increase of 41.9% sequentially. Divisional Highlights: - Bezeq Fixed-Line: Driven by 18.8% and 6.6% year-over-year increases in revenues from high-speed Internet and data communications services, respectively, Bezeq Fixed-Line ended the first full quarter of number portability with flat revenues, when adjusted for interconnect fees transferred to cellular companies. Non-adjusted revenues decreased 2.4% year-over-year. ADSL subscriber lines grew 6.4% year-over-year and reached a record 970,000 as ADSL average revenue per user (ARPU) increased 1.2% to NIS 58.1 over the same period. - Pelephone: Operating profit, net profit and EBITDA performance improved year-over-year on a 2.3% rise in revenue, driven by the strength of Pelephone's 3G subscriber growth (867,000 total 3G subscribers as of March 31 and approximately 900,000 as of today) which helped push total cellular subscribers up to approximately 2.60 million year-over-year, an increase of 4.7%. - Bezeq International: Operating profit increased 7.8% to NIS 55 million and net profit increased 16.7% to NIS 42 million driven by continued focus and enhanced profitability in core businesses such as broadband Internet services, international calls, and enterprise solutions. - yes: Multi-channel pay-TV revenue increased 7.6% year-over-year to NIS 381 million driven by a 6.0% improvement in ARPU to NIS 231 and a 1.3% increase in subscribers to 549,000.

Shlomo Rodav, Chairman of the Board of Bezeq, stated, "We begin 2008 with a solid first quarter performance, including our strongest first quarter revenues ever, driven by record sales of high speed Internet and data services as well as higher sales in our Pelephone and yes business segments. These gains more than offset the decline in revenue within fixed-line telephony. Our cellular services business segment reached approximately 900,000 3G subscribers (as of today), about 35% of Pelephone's subscribe base. While number portability contributed to the sequential decline in our Bezeq Fixed-Line subscriber lines, Pelephone has recorded the most net portable subscriber additions since the implementation of mobile number portability as of last December. Looking ahead, we are moving forward with our HSPA cellular infrastructure deployment as this investment reflects our dedication to improving customer choice and the customer experience, as well as enhancing this segment's profitability.

"Overall we continue to make excellent progress towards our long-term strategy of migrating our business from one focused primarily on communications infrastructure access to a provider of high value, customized communications products and services. In this respect, and among other related initiatives, we recently launched our new advanced data center providing an ultra-modern facility aimed at offering server hosting solutions and other advanced data solutions for the business sector. We believe this customer focused strategy, and the investments we continue to make in our infrastructure, provide a strong foundation for the future. As we await the advent of a more visible regulatory environment with regards to the development of the communications sector, we believe we are independently taking the appropriate steps to help ensure we continue to develop and deploy a leading edge portfolio of consumer and business focused solutions," concluded Mr. Rodav.

Alan Gelman, Chief Financial Officer and Deputy CEO of Bezeq, commented, "During the first quarter we made significant progress in terms of reducing our operating costs as well as headcount through our ongoing corporate streamlining and operating efficiency initiatives. While these gains were partially offset by higher financing costs during the quarter we delivered improved operating profit, stable net profit attributable to shareholders and a solid 35.3% EBITDA margin.

"The pending sale of our satellite communications operations reflects our focus on our core business segments and further streamlines our operations. Going forward we remain dedicated to improving our operating costs and bottom line profitability, rewarding our shareholders through the competitive payment of dividends and maintaining full financial flexibility to support Bezeq's position as Israel's leading telecommunications provider," concluded Mr. Gelman.

Bezeq Group Consolidated Results Bezeq Group (Consolidated) Q1 2008 Q1 2007 Change (NIS millions) Revenues 3,100 3,089 0.4% Operating profit 664 657 1.1% EBITDA 1,093 1,098 -0.5% EBITDA margin 35.3% 35.5% -0.8% Net profit attributable to shareholders of the company 398 399 -0.3% Diluted EPS (NIS) 0.15 0.15 0.0% Cash flow from operating activities 637 865 -26.4% Capex, net 305 217 40.6% Free cash flow 332 648 -48.8% Net debt/EBITDA (end of period) 1.15 1.42 Net debt/shareholders' equity (end of period) 0.95 1.16

Bezeq Group's revenues for the first quarter of 2008 were NIS 3.10 billion, up from NIS 3.09 billion reported for the first quarter of 2007. Higher revenues were driven by increased sales of high speed Internet service as well as higher sales in Pelephone and yes which more than offset the decline in revenue within the Company's fixed-line telephony and Bezeq International offerings.

Operating profit for the Group increased 1.1% year-over-year to NIS 664 million up from NIS 657 in the year ago period based on the Group's cost reduction and streamlining initiatives and higher revenues.

The Group's earnings before interest, taxes, depreciation and amortization (EBITDA) for the first quarter 2008 was approximately NIS 1.09 billion (35.3% EBITDA margin), down modestly as compared to the first quarter of 2007 (35.5% EBITDA margin).

Net profit attributed to Bezeq shareholders amounted to NIS 398 million in the first quarter of 2008, roughly in line with the NIS 399 million reported in the first quarter of 2007.

Net capital expenditures amounted to NIS 305 million in the first quarter of 2008, an increase of 40.6% compared to the first quarter of 2007, mainly due to the ongoing deployment of Pelephone's HSPA network.

The Bezeq Group's free cash flow totaled NIS 332 million in the first quarter of 2008, a decrease of 48.8% compared to the first quarter of 2007. The decline in free cash flow was primarily the result of higher capital expenditures, an increase in trade receivables, as well as lower cash flow from operations mainly due to payments made in relation to early retirement as per the December 2006 labor agreement. The increase in trade receivables was primarily due to the transition from advanced billing of fixed monthly fees to retroactive billing.

As of March 31, 2008, the Group's net financial debt was NIS 4.71 billion, compared with NIS 5.04 billion as of March 31, 2007.

Bezeq Fixed-Line Results Bezeq Fixed-Line Q1 2008 Q1 2007 Change (NIS millions) Revenues 1,408 1,442 -2.4% Operating profit 368 369 -0.3% EBITDA 586 606 -3.3% EBITDA margin 41.6% 42.0% Capex, net 124 95 30.5% Number of active subscriber lines at end of period (thousands) 2,713 2,797 -3.0% Average monthly revenue per line (NIS) * 84.9 88.3 -3.9% Number of outgoing usage minutes (millions) 3,594 3,914 -8.2% Number of incoming usage minutes (millions) ** 1,182 1,045 13.1% Number of ADSL subscribers at end of period (thousands) 970 912 6.4% Average monthly revenue per ADSL subscriber (NIS) 58.1 57.4 1.2% * Not including revenues from data communications and transmission services, services to communications providers, and contract and other work. This item has been updated going back to 1.1.2006 in order to present nominal figures instead of normalized ones. ** The increase in incoming minutes compared to the corresponding period in 2007 stems from an increase in traffic minutes from domestic carriers in competition with Bezeq.

Bezeq fixed-line's primary objectives remain to compensate for the predictable decline in domestic telephony revenues with growing revenues from broadband Internet and value-added services, and solutions for the business segment, as well as reduce costs. In the first quarter, Bezeq successfully met all of these.

Revenue from fixed-line domestic communications declined 2.4% to NIS 1.41 billion in the first quarter of 2008 compared to NIS 1.44 billion in the first quarter of 2007. However, when adjusted for revenues from cellular airtime collected by Bezeq and paid to the cellular companies, Bezeq Fixed-Line's revenues reached NIS 1.17 billion, roughly unchanged with the first quarter of 2007. This achievement demonstrates Bezeq's resilience in an increasingly competitive environment.

Bezeq set a new record number of customers who subscribe to its high-speed Internet service (ADSL), rising 6.4% year-over-year to 970,000 as of March 31, 2008. The growth in Bezeq's ADSL customer base helped offset a 3.0% decline in total telephony access lines during the same period which totaled 2.71 million as of March 31, 2008. ADSL ARPU in the first quarter was NIS 58.1, up 1.2% from the prior year period, while fixed line voice ARPL fell 3.9% year-over-year to NIS 84.9.

Bezeq's fixed-line segment posted positive EBITDA of NIS 586 million (41.6% EBITDA margin) in the first quarter of 2008, compared to NIS 606 million (42.0% EBITDA margin) in the first quarter of 2007.

The Board of Directors has approved the initiation of comprehensive planning for a Next Generation Network (NGN) and to complete purchasing and installation of soft switches. In conjunction with these efforts, the Board has requested a detailed analysis of these initiatives be presented upon completion for discussion by the Board.

Pelephone Results Pelephone Q1 2008 Q1 2007 Change (NIS millions) Revenues 1,173 1,147 2.3% Operating profit 215 213 0.9% EBITDA 343 330 3.9% EBITDA margin 29.2% 28.8% Net profit 163 154 5.8% Cash flows from operating activities 264 359 -26.5% Capex, net 102 61 67.2% Free cash flow 162 298 -45.6% Number of subscribers at end of period (millions) 2,595 2,478 4.7% Average revenue per user (ARPU, NIS) 126 132 -4.5% Average monthly minutes of use per subscriber (MOU) 355 344 3.2%

Pelephone improved its operating profit, net profit and EBITDA performance driven by a significant increase in its subscriber base and revenues related to data, content and value added services.

As of March 31, 2008, Pelephone had approximately 2.60 million active subscribers, an increase of 4.7% year-over-year. Pelephone remains the market leader in 3G subscribers with a record 867,000 3G subscribers as of March 31, 2008, representing over 33% of all Pelephone subscribers (and 900,000 as of today, or about 35% of its total subscriber base). Pelephone revenues from data and value added and content services constituted a record 15.0% of revenues from cellular services in the first quarter, compared to approximately 12.0% in the year ago period.

Pelephone's revenues increased 2.3% year-over-year to NIS 1.17 billion in the first quarter of 2008. The increase was due to higher revenue from cellular services, following an increase in content revenue and a 4.7% increase in the annual number of subscribers. The aforementioned factors more than offset lower ARPU due to a decrease in tariffs and the impact of higher customer churn associated with number portability in the first quarter of 2008.

Pelephone posted positive EBITDA of NIS 343 million (29.2% EBITDA margin) in the first quarter of 2008, compared to NIS 330 million (28.8% EBITDA margin) in the first quarter of 2007. Pelephone's net profit in the first quarter of 2008 increased 5.8% year-over-year to NIS 163 million.

Pelephone's number portability strategy has made it the leader in net portable subscriber additions, while being able to remain focused on costs and actually improve its operating and net profit by roughly 60% from the previous quarter, which saw intensive preparations for the implementation of number portability.

In late 2007, the company approved a four year investment totaling up to 1 billion shekels in Pelephone's new HSPA wireless network infrastructure, further illustrating Pelephone's commitment to leading edge technologies. Based on year-to-date progress on the network development, the company continues to expect the HSPA network to be operational by the beginning of 2009. The current CDMA network will continue to operate simultaneously enabling Pelephone to market differentiated offerings.

Bezeq International Results Bezeq International Q1 2008 Q1 2007 Change (NIS millions) Revenues 314 323 -2.8% Operating profit 55 51 7.8% EBITDA 75 74 1.4% EBITDA margin 23.9% 22.9% Net profit 42 36 16.7% Cash flows from operating activities 8 (1) n.m. Capex, net 28 8 250.0% Free cash flow (20) (9) 122.2%

Bezeq International, Israel's largest supplier of Internet services, international calls in Israel and network end-point (NEP) services, posted first quarter 2008 segment revenue of NIS 314 million, down 2.8% compared to the first quarter of 2007. The decrease in year-over-year revenue was driven by the weakness in the US dollar and the decline in hubbing traffic between foreign operators using Bezeq International's switching equipment. This decline was partially offset by a 14% increase in revenue from core business areas.

Bezeq International posted positive EBITDA of NIS 75 million (23.9% EBITDA margin) in the first quarter of 2008, up 1.4% compared to NIS 74 million (22.9% EBITDA margin) in the first quarter of 2007.

Bezeq International generated an operating profit of NIS 55 million and a net profit of NIS 42 million in the first quarter of 2008, up 7.8% and 16.7% respectively year-over-year. The rise in net profit year-over-year came as a result of growth in all core business areas, combined with 5% lower operating costs.

yes Results yes Q1 2008 Q1 2007 Change (NIS millions) Revenues 381 354 7.6% Operating profit 27 24 12.5% EBITDA 92 92 0.0% EBITDA margin 24.1% 26.0% Net profit (65) (48) 35.4% Cash flows from operating activities 84 93 -9.7% Capex, net * 79 45 75.6% Free cash flow 5 48 -89.6% Number of subscribers (end of period, in thousands) 549 542 1.3% Average revenue per user (ARPU, NIS) 231 218 6.0% * Including subscriber acquisition costs

Revenue from the yes multi-channel pay-TV segment increased 7.6% to NIS 381 million in the first quarter of 2008 from NIS 354 million in the year ago period. The rise in revenue was primarily related to a 1.3% year-over-year net increase in subscribers as well as a 6.0% increase in ARPU.

Net loss for the yes segment in the first quarter of 2008 totaled NIS 65 million compared to a net loss of NIS 48 million in the first quarter of 2007, an increase of 35.4% year-over-year. This increase stemmed mainly from higher financing expenses.

Yes posted positive EBITDA of NIS 92 million (24.1% EBITDA margin) in the first quarter of 2008, unchanged as compared to EBITDA of NIS 92 million (26.0% EBITDA margin) in the first quarter of 2007.

The number of yes subscribers as of March 31, 2007 was 549,000, up 7,000 subscribers from the year ago period and roughly unchanged as compared to December 31, 2007.

Outlook

Based on current business conditions, Bezeq expects Group wide full year 2008 revenues to remain stable, reflecting the combination of continued erosion in domestic fixed telephony with combined growth across the rest of the business segments. In addition, the company expects to continue focusing on reducing costs and expanding margins. Regarding Group level gross capital expenditures, in 2008 the company continues to forecast an increase of approximately 50% year-over-year mainly due to the deployment of Pelephone's next generation HSPA network infrastructure.

Conference Call & Web Cast Information

Bezeq will conduct a conference call hosted by Mr. Shlomo Rodav, Bezeq Chairman and Mr. Alan Gelman, Bezeq Chief Financial Officer and Deputy CEO, on Thursday, May 22, 2008, at 4:00 PM Israel Time / 1:00 PM Greenwich Mean Time / 9:00 AM Eastern Time. Participants are invited to join the live conference call by dialing:

North America Phone Number: +1-877-407-0778 International Phone Number: +1-201-689-8565

A live webcast of the conference call will be available on the investor relations section of the Bezeq corporate website at http://www.bezeq.co.il/. Please visit the website at least 15 minutes early to register for the webcast and download any necessary audio software.

A webcast replay will be made available on the investor relations section of the Bezeq corporate website. An automated telephone replay will also be available approximately two hours after the completion of the live call through Thursday, May 29, 2008. Participants are invited to listen to the conference call replay by dialing:

North America Phone Number: +1-877-660-6853 International Phone Number: +1-201-612-7415 Replay Passcodes (both required for playback): Account #: 286 Conference ID #: 283609 About Bezeq The Israel Telecommunication Corp.

Bezeq is Israel's largest telecommunications service provider. Established in 1984, the company has led Israel into the new era of communications, based on the most advanced technologies and services. Bezeq and its subsidiaries offer the full range of telecommunication services including domestic, international and cellular phone services; Internet, ADSL, and other data communications; leased lines, and corporate networks.

For more information about Bezeq please visit the corporate website at http://www.bezeq.co.il/.

This press release contains general data and information as well as forward looking statements about Bezeq. Such statements include expressions of management's expectations about new and existing programs, opportunities, technology and market conditions. Although Bezeq believes its expectations are based on reasonable assumptions, these statements are subject to numerous risks and uncertainties. These statements should not be regarded as a representation that anticipated events will occur or that expected objectives will be achieved. These forward-looking statements are made only as of the date hereof and the company assumes no obligation to update any forward-looking statement In addition, the realization and/or otherwise of the forward-looking information will be affected by factors that cannot be assessed in advance, and which are not within the control of the Corporation, including the risk factors that are characteristic of its operations, and developments in the general environment, and external factors and the regulation that affects the Corporation's operations.

"Bezeq" The Israel Telecommunication Corp., Limited Condensed Interim Consolidated Income Statements For the three-month For the period ended March 31 year ended December 31 2008 2007 2007 (Unaudited) (Unaudited) (Audited) NIS millions NIS millions NIS millions Revenue 3,100 3,089 12,400 Costs and expenses Depreciation and amortization 429 441 1,769 Salary 616 575 2,375 Operating and general expenses 1,370 1,423 5,841 Other operating expenses 21 8 188 Other operating (income) - (15) (109) 2,436 2,432 10,064 Operating income 664 657 2,336 Financing costs Financing expenses 161 162 796 Financing income (61) (104) (487) Net financing expenses 100 58 309 Profit after financing expenses 564 599 2,027 Equity in profits of investees accounted by the equity method 1 -* 6 Profit before income tax 565 599 2,033 Income tax 180 214 672 Profit for the period 385 385 1,361 Attributable to: The shareholders of the Company 398 399 1,330 Minority interest (13) (14) 31 Profit for the period 385 385 1,361 Earnings per share Basic earnings per share (in NIS) 0.15 0.15 0.51 Diluted earnings per share (in NIS) 0.15 0.15 0.50 * Less than NIS 500,000. "Bezeq" The Israel Telecommunication Corp., Limited Condensed Interim Consolidated Balance Sheets March 31, March 31, December 2008 2007 31, 2007 (Unaudited) (Unaudited) (Audited) NIS millions NIS millions NIS millions Assets Cash and cash equivalents 1,283 1,033 1,203 Investments and loans, including derivatives 317 851 389 Trade receivables 2,480 2,060 2,403 Other receivables 245 296 247 Inventory 238 252 203 Broadcasting rights 271 200 243 Current tax assets 28 12 11 Assets classified as held for sale 20 - 17 Total current assets 4,882 4,704 4,716 Trade and other receivables 562 489 535 Investments and loans, including derivatives 227 326 233 Property, plant and equipment 5,981 6,335 6,064 Intangible assets 2,495 2,563 2,526 Deferred and other expenses 376 366 367 Investments in associates accounted by the equity method 39 32 37 Deferred tax assets 623 871 678 Total non-current assets 10,303 10,982 10,440 Total assets 15,185 15,686 15,156 "Bezeq" The Israel Telecommunication Corp., Limited Condensed Interim Consolidated Balance Sheets (continued) March 31, March 31, December 2008 2007 31, 2007 (Unaudited) (Unaudited) (Audited) NIS millions NIS millions NIS millions Liabilities Loans and borrowings 1,032 3,707 1,913 Trade payables 1,350 1,467 1,533 Other payables, including derivatives 866 873 745 Current tax liabilities 33 68 57 Deferred income 19 36 47 Provisions 388 302 392 Employee benefits 621 844 705 Total current liabilities 4,309 7,297 5,392 Debentures 4,242 2,940 4,420 Obligations to banks 1,125 435 307 Loans from others 140 172 136 Loans provided by the minority in a subsidiary 389 578 375 Employee benefits 262 360 261 Deferred income and others 52 75 36 Provisions 58 53 57 Reserve for deferred taxes 42 - - Total non-current liabilities 6,310 4,613 5,592 Total liabilities 10,619 11,910 10,984 Shareholders' Equity Share capital 6,132 6,132 6,132 Reserves 690 672 681 Deficit (1,870) (2,450) (2,268) Total equity attributable to shareholders of the Company 4,952 4,354 4,545 Minority interest (386) (578) (373) Total shareholders' equity 4,566 3,776 4,172 Total shareholders' equity and 15,185 15,686 15,156 liabilities "Bezeq" The Israel Telecommunication Corp., Limited Condensed Interim Consolidated Statements of Cash Flows For the three-month For the period ended March 31 year ended December 31 2008 2007 2007 (Unaudited) (Unaudited) (Audited) NIS millions NIS millions NIS millions Cash flows from operating activities Net earnings for the period 385 385 1,361 Adjustments: Depreciation 351 376 1,482 Amortization of intangible assets 68 60 270 Amortization of deferred and other charges 10 5 17 Gain from decrease in holdings in associates accounted by the equity method - - 1 Equity in earnings of associates accounted by the equity method (1) (1) (6) Net financing costs 129 19 372 Net capital gain (1) (17) (88) Share-based payment transactions 13 - - Payments to a former senior officer - - 6 Income tax expenses 180 214 672 Payment in respect of clearance of derivative financial instruments, net (10) 5 (9) Change in inventory (37) (48) (6) Change in trade receivables (104) (13) (437) Change in other receivables (53) (52) 4 Change in trade payables 73 56 (18) Change in suppliers (143) 33 36 Change in provisions (4) 16 105 Change in broadcasting rights (28) (31) (74) Change in employee benefits (83) (85) (300) Change in deferred and other income 1 38 (11) 746 960 3,377 Interest received 19 43 116 Dividend received - - 3 Income tax paid (128) (138) (430) Net cash from operating activities 637 865 3,066 Cash flows from investing activities Investment in intangible assets and deferred expenses (59) (63) (273) Proceeds from sale of property, plant and equipment and deferred expenses 61 23 177 Investment in financial assets held for sale, net 57 116 647 Purchase of property, plant and equipment (307) (177) (973) Proceeds from sale of investments and long-term loans 6 8 66 Purchase of investments and long-term loans - - (8) Investment in associated company (1) - - Net cash used for investment activity (243) (93) (364) "Bezeq" The Israel Telecommunication Corp., Limited Condensed Interim Consolidated Statements of Cash Flows (cont'd) For the three-month For the period ended March 31 year ended December 31 2008 2007 2007 (Unaudited) (Unaudited) (Audited) NIS millions NIS millions NIS millions Cash flows from financing activities Proceeds from issue of debentures - - 1,814 Receipt of loans - - 50 Repayment of debentures (229) (82) (1,927) Repayment of loans (40) (69) (840) Short-term borrowing, net 12 (32) (37) Dividend paid - (2,100) (2,860) Interest paid (56) (75) (389) Receipt (payment) for clearance of derivative financial instruments, net 4 (12) 77 Net cash used for financing activities (309) (2,370) (4,112) Net increase (decrease) in cash and cash equivalents 85 (1,598) (1,410) Cash and cash equivalents at the beginning of the period 1,203 2,632 2,632 Effect of fluctuations in the rate of exchange on cash balances (5) (1) (19) Cash and cash equivalents at the end of the period 1,283 1,033 1,203 Appendix to Condensed Interim Statements of Cash Flows For the three-month For the period ended March 31 year ended December 31 2008 2007 2007 (Unaudited) (Unaudited) (Audited) NIS millions NIS millions NIS millions Appendix of non-cash activities Purchase of property, plant and equipment, and intangible assets on credit 103 186 183 Sale of property, plant and equipment on credit 67 162 126 Investor Relations Contact: Media Relations Contact: Mr. Naftali Sternlicht Mr. Guy Hadass Bezeq Bezeq Phone: +972-2-539-5441 Phone: +972-3-626-2600 Email: ir@bezeq.co.il Email: guy@bezeq.co.il

Bezeq

CONTACT: Investor Relations Contact: Mr. Naftali Sternlicht, Bezeq,
Phone: +972-2-539-5441, Email: ir@bezeq.co.il; Media Relations Contact: Mr.
Guy Hadass, Bezeq, Phone: +972-3-626-2600, Email: guy@bezeq.co.il

Orange and Nokia to Form Strategic International Partnership on Mobile Services

PARIS, May 22 /PRNewswire/ --

- Co-operation in the Areas of Music, Mobile Gaming, Maps, Advertising and Location Based Services

Orange and Nokia today announced a strategic international partnership, extending the first agreement signed by the two companies in February 2008. The two industry leaders have committed to a three year partnership, which will include the addition of ten new Nokia handsets to the Orange Signature range and the addition of music to a combined offer of games, advertising, maps and location based services.

Orange and Nokia have agreed to launch a suite of integrated multimedia services on the new Nokia handsets, launching in H208 across nine major markets, in an initiative designed to boost the adoption of mobile digital entertainment. As part of the strategic partnership, customers will have direct access to the Orange Music Store, both Orange and NGage games, as well as Nokia Maps. Under the Orange Signature programme, all services will be integrated into the familiar Orange user interface, providing one click access to information and entertainment.

"This collaboration underlines Orange's drive to create strategic partnerships that will give customers the best possible mobile multimedia experience in the simplest way," said Olaf Swantee, EVP of Orange's Personal Communications Services. "Combined with our leadership in mobile multimedia innovation and relationships with leading content providers, Orange believes that Nokia's devices and Ovi platform will make a powerful environment for the provision of a joint range of services," added Georges Penalver, EVP of Orange's Group Strategic Marketing.

"We are pleased to create this strategic partnership with Orange and believe that the combination of Signature and Ovi services will extend and enrich consumer choice," said Kai Öistämö, EVP, Devices, Nokia. "We also expect our close collaboration to extend beyond the initial focus areas of music, games, maps and advertising to include other services over time."

Under the agreement, the two companies will work jointly on marketing to support the launch of new devices and the development of multimedia applications. For instance, Nokia's Mobile Maps platform and GPS technology will be introduced to a wide portfolio of Nokia handsets in the Orange Signature range, allowing for navigation, location based search and advertising services. The two companies plan to create 10 million active Mobile Maps users on Nokia devices within the Orange footprint by 2010.

About Orange

Orange is the key brand of France Telecom, one of the world's leading telecommunications operators. France Telecom serves more than 172 million customers in five continents as of March 31, 2008, of which two thirds are Orange customers. The Group had consolidated sales of 52.9 billion euros in 2007 (13 billion euros at March 31, 2008). As of March 31, 2008, the Group had 111.9 million mobile customers and 12 million broadband internet (ADSL) customers.

Launched in June 2005, the NExT program (New Experience in Telecommunications) will enable the Group to pursue its transformation as an integrated operator and make France Telecom the benchmark for new telecommunications services in Europe. In 2006, Orange became the Group's single brand for Internet, television and mobile services in the majority of countries where the company operates, and Orange Business Services the banner for services offered to businesses worldwide. France Telecom is the number three mobile operator and the number one provider of broadband internet services in Europe and one of the world leaders in providing telecommunication services to multinational companies.

France Telecom (NYSE:FTE) is listed on Euronext Paris and on the New York Stock Exchange.

For more information : http://www.orange.com, http://www.francetelecom.com, http://www.orange-business.com. Orange and any other Orange product or service names included in this material are trade marks of Orange Personal Communications Services Limited.

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.

Orange

PR Contact: Orange Press Office: +33(0)1-44-44-93-93 or service.presse@orange-ftgroup.com; Georgina Hart, Orange +44(0)-7730-989-693 or georgina.hart@orange-ftgroup.com; Media Enquiries: Nokia, Markets Communications, Liisa Nyyssönen, Tel. +358-7180-34564, Email: liisa.nyyssonen@nokia.com; Nokia Communications, Tel. +358-7180-34900, Email: press.services@nokia.com

Partenariat stratégique international entre Orange et Nokia dans le domaine des services mobiles

PARIS, May 22 /PRNewswire/ --

- Cette coopération englobe les services offerts en matière de musique, de jeux mobiles, de cartographie, de publicité et de géolocalisation

Orange et Nokia annoncent aujourd'hui la signature d'un partenariat stratégique international complétant le premier accord déjà signé entre eux en février 2008. Conclu pour une durée de trois ans, ce nouveau partenariat prévoit l'ajout de 10 téléphones Nokia à la gamme Orange Signature ainsi que la mise à disposition de services de musique complétant une offre globale regroupant des jeux, de la publicité ainsi que des services de cartographie et de géolocalisation.

Orange et Nokia ont convenu de lancer une suite de services multimédia intégrés accessibles sur les nouveaux terminaux Nokia qui seront introduits sur neuf marchés principaux dans le courant du deuxième semestre de 2008. Le but de cette opération est ainsi d'établir une dynamique favorisant l'adoption massive des services numériques mobiles axés sur le divertissement. Grâce à ce partenariat, les clients pourront accéder directement à l'Orange Music Store, aux jeux Orange et NGage ainsi qu'aux services de cartographie de Nokia. Dans le cadre du programme Orange Signature, tous les services seront intégrés dans l'interface utilisateur habituelle d'Orange qui permet d'accéder en un seul clic aux services d'information et de divertissement.

<< Cette collaboration souligne la volonté d'Orange de sceller des partenariats stratégiques qui permettront aux clients de profiter pleinement et d'une manière extrêmement simple de toute une panoplie de services multimédia mobiles >> a déclaré Olaf Swantee, Directeur Exécutif en charge des services de communication personnels d'Orange. <>a ajouté Georges Penalver, Directeur Exécutif en charge du marketing stratégique d'Orange.

<< Nous sommes ravis de ce partenariat stratégique avec Orange et pensons que l'association des services de la gamme Signature et Ovi offrira aux utilisateurs une palette de choix encore plus riche et plus étendue >> a déclaré pour sa part Kai Öistämö, le vice-président directeur de la division Téléphones Mobiles chez Nokia. << Nous espérons également que cette étroite collaboration ira au-delà de l'accent mis initialement sur la musique, les jeux, les services de cartographie et la publicité pour inclure d'autres services au fil du temps >>.

Dans le cadre de ce nouvel accord, les deux groupes travailleront conjointement sur l'approche marketing visant à accompagner le lancement de nouveaux téléphones et le développement d'applications multimédia. C'est ainsi, par exemple, que la plate-forme de services cartographiques mobiles de Nokia et la technologie GPS seront toutes les deux intégrées dans une large sélection de téléphones Nokia faisant partie de la gamme Orange Signature, offrant ainsi toute une panoplie de services de navigation, de publicité et de recherche basée sur le positionnement géographique. D'ici 2010, les deux groupes comptent sur environ 10 millions d'utilisateurs actifs des services de cartographie accessibles à partir des téléphones Nokia sur l'ensemble du réseau Orange.

A propos d'Orange

Orange est la marque phare de France Télécom, un des principaux opérateurs de télécommunications dans le monde. France Télécom sert plus de 172 millions de clients sur les cinq continents au 31 mars 2008, dont les deux tiers sous la marque Orange. Le Groupe a réalisé un chiffre d'affaires consolidé de 52,9 milliards d'euros en 2007 (13 milliards au 31 mars 2008). Au 31 mars 2008, le Groupe comptait 111,9 millions de clients du mobile et 12 millions de clients ADSL.

Lancé en juin 2005, le programme NExT (Nouvelle Expérience des Télécommunications) permet au Groupe de poursuivre sa transformation d'opérateur intégré afin de faire de France Télécom l'opérateur de référence des nouveaux services de télécommunications en Europe. En 2006, Orange est ainsi devenue la marque unique du Groupe pour l'Internet, la télévision et le mobile dans la majorité des pays où le Groupe est présent. Dans le même temps, Orange Business Services est devenue la marque des services offerts aux entreprises dans le monde. France Télécom est le troisième opérateur mobile et le premier fournisseur d'accès Internet ADSL en Europe et parmi les leaders mondiaux des services de télécommunications aux entreprises multinationales.

France Télécom (NYSE:FTE) est cotée sur le marché Eurolist d'Euronext Paris et sur le New York Stock Exchange.

Pour plus d'informations : http://www.orange.com, http://www.francetelecom.com, http://www.orange-business.com

La marque Orange et autres noms de services et de produits Orange cités dans ce communiqué sont des appellations commerciales appartenant à Orange Personal Communications Services Limited.

À propos de Nokia

En sa qualité de leader mondial des services et produits dédiés à la mobilité, Nokia imprime sa marque sur l'évolution et la croissance des secteurs convergents de l'Internet et des télécommunications. Nous fabriquons une gamme étendue de téléphones mobiles proposant des services et des logiciels qui permettent à nos clients d'écouter de la musique, de naviguer sur le Web, de regarder la télévision, de faire des photos, de jouer, de travailler en restant mobiles et de faire bien d'autres choses. Le développement et l'enrichissement de notre offre de services Internet et de solutions et logiciels d'entreprise font partie de nos priorités. Nous offrons également, via Nokia Siemens Networks, des équipements, solutions et services destinés aux réseaux de communication.

Orange

Contact presse Orange: +33(0)1-44-44-93-93, Béatrice Mandine, beatrice.mandine@orange-ftgroup.com; Bertrand Deronchaine, bertrand.deronchaine@orange-ftgroup.com. Contact pour les médias : Nokia Communications, Tél. : +358-7180-34900, E-mail : press.services@nokia.com

Cellcom Israel Ltd. Announces Sale of 1.95% of its Issued Share Capital by Controlling Shareholder

NETANYA, Israel, May 22 /PRNewswire-FirstCall/ -- Cellcom Israel Ltd. ("Company") announced today that Discount Investment Corporation Ltd. ("DIC"), its controlling shareholder, has announced that it has entered today into an agreement to sell 1,900,000 shares of the Company, constituting approximately 1.95% of the Company's issued share capital, for a total consideration of approximately NIS 216 million (subject to a certain contingent increase of the consideration) in cash to a financial institution and that the purchaser has informed DIC of its intention to place such shares for sale outside the United States to non-US investors. The agreement further provides that DIC will not dispose of the Company's shares during 55 days following the closing date, unless DIC obtained the consent of the said financial institution purchaser. The sale is scheduled to be completed today, following which DIC will hold approximately 50.65% of the Company's issued share capital.

The shares have not been and will not be registered under the U.S. Securities Act of 1933. Accordingly, the shares may not be offered or sold in the United States

DIC also notified the Company that it views its holding in the Company as a long term investment, and intends to continue to control the Company. Such intention is subject to future circumstances including conditions in the capital markets and DIC's investment strategy.

About Cellcom Israel

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

For additional information please visit the Company's website http://investors.ircellcom.co.il/

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

Cellcom Israel Ltd.

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

Elbit Vision Systems Announces Record Revenue for the First Quarter of 2008First Quarter Revenues Reach $6.1 Million, up 20% Compared to Q1 2007

QADIMA, Israel, May 22 /PRNewswire-FirstCall/ --

First Quarter 2008 Highlights (compared to first quarter 2007) - Revenues reach $6.1 million, up 20% - Non-GAAP operating income at $209 thousand or 3.4% of revenues - Non-GAAP EBITDA at $256 thousand or 4.2% of revenues - Reiterate 2008 revenue guidance; expect revenues of $25-26 million

Elbit Vision Systems Ltd. , a global leader in the field of automatic in-line optical web inspection and quality monitoring systems, today announced its consolidated financial results for the three month period ended March 31, 2008.

First Quarter 2008 Results:

Revenues for the first quarter of 2008 totaled $6.1 million, an increase of 20% compared to $5.0 million in the first quarter of 2007.

Non-GAAP gross profit for the first quarter of 2008 totaled $3 million, representing 49% of the Company's revenues, compared with $2.5 million in the first quarter of 2007, or 49.3% of revenues.

Gross profit on a GAAP basis totaled $2.8 million, representing 47% of revenues, compared with $2.4 million or 47% of revenues in the first quarter of 2007.

Non-GAAP operating profit for the first quarter of 2008 totaled $209 thousand, compared with $588 thousand in the first quarter of 2007. Operating expenses in the quarter increased primarily due the decrease in the value of the Company's reporting currency, the US dollar, against the Israeli shekel in which a significant portion of the Company's expenses are generated.

Operating loss on a GAAP basis totaled was $9 thousand compared with $355 thousand in the first quarter of 2007.

Non-GAAP net profit for the first quarter of 2008 totaled $63 thousand, compared with a net profit of $350 thousand in the first quarter of 2007. Earnings per diluted share on a non-GAAP basis were $0.001.

Net loss on a GAAP basis for the first quarter of 2008 was $155 thousand, compared to a net profit of $1 thousand in the first quarter of 2007. Net loss per basic share on a GAAP basis was $0.003, compared with $0.00 in the first quarter of 2007.

Non-GAAP EBITDA for the first quarter of 2008 totaled $256 thousand, compared to $632 thousand in the first quarter of 2007.

David Gal, Chairman and CEO of EVS commented, "Our first quarter revenue grew in line with our expectations. We saw good performance and strong demand particularly for our ultrasonic solutions, mainly for the aerospace industry. In addition, we are also seeing a strong need for systems which can inspect composite and glass fiber materials prior to assembly, and this is also driven primarily by a strong and fast growing global aerospace industry. The fact that we are able to supply the aerospace industry with systems for inspecting materials before assembly and finished modules post assembly, is a significant competitive advantage in this very attractive industry."

"While our expenses were higher in the quarter, primarily due to the strong devaluation of the US dollar against the Israeli shekel, we were still able to report a non-GAAP operating and net income," continued Mr. Gal. "We have taken steps to reduce our expense level so we can grow our profitability in the coming quarters. Looking ahead and based on our current backlog and pipeline, we maintain our expectations of revenues between $25-26 million for the year and second quarter revenues sequentially higher than that of the current quarter. Given the current shekel-dollar exchange rate and our reduced expenses in the coming quarters, we expect to achieve an operating margin for the year of around 8 percent."

Conference Call

Management will be hosting a conference today, May 22, 2008, at 9am Eastern Time. On the call, management will review and discuss the results, and will be available to answer investor questions.

To participate, please call one of the following teleconferencing numbers. Please begin placing your calls a few minutes before the conference call commences.

US Dial-in Number: 1-888-668-9141 UK Dial-in Number: 0-800-917-9141 ISRAEL Dial-in Number: 03-918-0650 INTERNATIONAL Dial-in Number: +972-3-918-0650 At: 9:00am Eastern Time, 6:00am Pacific Time, 4:00pm Israel Time, 2pm UK time

For those unable to listen to the live call, a replay of the call will be available from three days after the call from a link in the investor relations section of the Company's website.

Use of Non- GAAP Financial Measures

EVS believes that both non-GAAP financial measures are better principal indicators of the operating and financial performance of its business. The non-GAAP numbers exclude mainly the non-cash equity-based compensation charges recorded in accordance with SFAS 123R as well as associated with purchase price allocation charges. Please see below for more details.

About Elbit Vision Systems Ltd. (EVS)

EVS offers a broad portfolio of automatic State-of-the-Art Visual and Ultrasonic Inspection Systems for both in-line and off-line applications, and quality monitoring systems used to improve product quality, safety, and increase production efficiency. EVS' systems are used by over 600 customers, many of which are leading global companies. The headquarters, manufacturing and R&D of EVS are all located in Israel. A worldwide Sales and Service network supports markets as well as systems already installed, in Asia, Europe, Africa, Australia and the Americas.

This press release and other releases are available on http://www.evs-sm.com/

Safe Harbor Statement

This press release contains forward-looking statements. Such statements are subject to certain risks and uncertainties, such as market acceptance of new products and our ability to execute production on orders, which could cause actual results to differ materially from those in the statements included in this press release. Although EVS believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. EVS disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or otherwise. EVS undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.

Use of Non-GAAP financial measures

Reconciliation between results on a GAAP and Non-GAAP basis is provided in a table immediately following the Condensed Interim Consolidated Statements of operations. Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude amortization of acquired intangible assets. The purpose of such adjustments is to give an indication of our performance exclusive of non-GAAP charges and other items that are considered by management to be outside of our core operating results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read in conjunction with our consolidated financial statements prepared in accordance with GAAP.

Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. We believe that these non- GAAP measures help investors to understand our current and future performance, especially as our two most recent acquisitions have resulted in amortization and non-cash items that have had a material impact on our GAAP profits. These non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies. Reconciliation between results on a GAAP and non-GAAP basis is provided in a table immediately following the consolidated statements of operations.

EVS uses EBITDA as a non-GAAP financial performance measurement. EBITDA is calculated by adding back to net income interest, taxes, depreciation, amortization. EBITDA is provided to investors to complement results provided in accordance with GAAP, as management believes the measure helps illustrate underlying operating trends in the Company's business and uses the measure to establish internal budgets and goals, manage the business and evaluate performance. EBITDA should not be considered in isolation or as a substitute for comparable measures calculated and presented in accordance with GAAP. A reconciliation of EBITDA to GAAP measures is included in the financial tables accompanying this press release.

ELBIT VISION SYSTEMS LTD. CONDENSED CONSOLIDATED BALANCE SHEET AT MARCH 31, 2008 IN U.S. DOLLARS Mar-31 Dec-31 2008 2007 2007 U.S. dollars in thousands (except per share data) Assets CURRENT ASSETS: Cash and cash equivalents 1,080 663 2,189 Restricted deposits 490 920 540 Accounts receivable: Trade 5,821 3,981 4,738 Other 1,157 895 1,428 Inventories 5,174 4,107 5,299 Total current assets 13,722 10,566 14,194 LONG-TERM RECEIVABLES: Severance pay fund 1,933 1,760 1,623 Other long-term receivables 241 641 231 Total long-term receivables 2,174 2,401 1,854 PROPERTY, PLANT AND EQUIPMENT - net of accumulated depreciation and amortization 468 558 490 OTHER ASSETS - net of accumulated amortization: Goodwill 3,597 3,532 3,529 Other intangible assets 3,278 3,930 3,439 6,875 7,462 6,968 Total assets 23,239 20,987 23,506 - - - Mar-31 Dec-31 2008 2007 2007 In thousands Liabilities and shareholders' equity CURRENT LIABILITIES: Credit from banks 5,831 6,764 4,967 Current maturities of loan from Related Party - 160 - Accounts payable: Trade 3,110 3,556 3,220 Deferred revenues 1,952 1,515 2,082 Other 2,406 3,888 2,629 Total current liabilities 13,299 15,883 12,898 LONG-TERM LIABILITIES: Loans and other liabilities (net of current maturities) - - 1,000 Loans from Related Parties(net of current maturities) - 729 - Accrued severance pay 2,367 2,103 2,008 Total long-term liabilities 2,367 2,832 3,008 Total liabilities 15,666 18,715 15,906 SHAREHOLDERS' EQUITY 7,573 2,272 7,600 Total liabilities and shareholders' equity 23,239 20,987 23,506 ELBIT VISION SYSTEMS LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2008 IN U.S. DOLLARS 3 months ended year ended Mar-31 December 31, 2008 2007 2007 U.S. dollars in thousands (except per share data) REVENUES 6,078 5,053 21,863 COST OF REVENUES 3,234 2,697 11,308 GROSS PROFIT 2,844 2,356 10,555 RESEARCH AND DEVELOPMENT EXPENSES - net 1,090 625 3,313 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES: Marketing and selling 1,317 1,091 4,885 General and administrative 446 285 1,338 OPERATING INCOME (LOSS) (9) 355 1,019 FINANCIAL EXPENSES - net (139) (351) (1,081) WRITE OFF OF DISCOUNT ON CONVERTIBLE LOAN ASSOCIATED WITH BENEFICIAL CONVERSION FEATURE - - (1,047) OTHER EXPENSES - net - (1) (230) INCOME (LOSS) BEFORE TAXES ON (148) 3 (1,339) INCOME TAXES ON INCOME 7 2 3 INCOME (LOSS) FOR THE PERIOD (155) 1 (1,342) EARNING (LOSS) PER SHARE- BASIC (0.003) 0.000 (0.034) EARNING (LOSS) PER SHARE- DILUTED (0.003) 0.000 (0.034) WEIGHTED AVERAGE NUMBER OF SHARES USED IN COMPUTATION OF EARNING (LOSS) PER SHARE: BASIC (IN THOUSANDS) 50,920 29,516 39,393 DILUTED (IN THOUSANDS) 50,920 29,516 39,393 Reconciliation Table of Non-GAAP Measures ----- U.S. dollars in thousands Three months ended Year ended March 31, December 31, ---- ---- 2008 2007 2007 ---- ---- ---- Net income (loss) as reported $ (155) $ 1 $ (1,342 ) Depreciation and amortization 167 167 665 Equity-based compensation charges 51 99 284 Write off of discount on 83 1,213 convertible loan associated with beneficial conversion feature ----- ----- ----- Non-GAAP Net income (loss) $ 63 $ 350 $ 820 ----- ----- ----- Reconciliation of GAAP to NON-GAAP Operating Results

To supplement the consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP"), the Company uses EBITDA as a non-GAAP financial performance measurement. EBITDA is calculated by adding back to net income interest, taxes, depreciation, amortization. EBITDA is provided to investors to complement results provided in accordance with GAAP, as management believes the measure helps illustrate underlying operating trends in the Company's business and uses the measure to establish internal budgets and goals, manage the business and evaluate performance. EBITDA should not be considered in isolation or as a substitute for comparable measures calculated and presented in accordance with GAAP. Reconciliation the GAAP to non-GAAP operating results:

CONDENSED EBITDA US dollars in thousands Three months ended Year ended March 31, December 31, ---- ---- 2008 2007 2007 ---- ---- ---- Net income (loss) as reported $ (155) $ 1 $ (1,342) Non GAAP adjustment: Financial expenses, net 139 237 846 Taxes on income 7 2 3 Depreciation and amortization 214 209 826 Equity-based compensation charges 51 99 284 Other expenses, net - 1 230 Write off of discount on convertible loan associated with beneficial conversion feature 83 1,213 ----- ----- ----- EBITDA $ 256 $ 632 $ 2,060 ----- ----- ----- Company Contact Information: Investor Relations Contacts: Yaron Menashe, CFO CCGK Investor Relations Tel: +972-9-8661-601 Kenny Green / Ehud Helft yaron@evs-sm.com Tel: +1-646-201-9246 info@gkir.com

Elbit Vision Systems Ltd

CONTACT: Company Contact Information: Yaron Menashe, CFO, Tel:
+972-9-8661-601, yaron@evs-sm.com; Investor Relations Contacts: CCGK Investor
Relations, Kenny Green / Ehud Helft, Tel: +1-646-201-9246, info@gkir.com

Orange and Nokia to Form Strategic International Partnership on Mobile ServicesCo-operation in the Areas of Music, Mobile Gaming, Maps, Advertising and Location Based Services

PARIS and ESPOO, Finland, May 22 /PRNewswire-FirstCall/ -- Orange and Nokia today announced a strategic international partnership, extending the first agreement signed by the two companies in February 2008. The two industry leaders have committed to a three year partnership, which will include the addition of ten new Nokia handsets to the Orange Signature range and the addition of music to a combined offer of games, advertising, maps and location based services.

Orange and Nokia have agreed to launch a suite of integrated multimedia services on the new Nokia handsets, launching in H208 across nine major markets, in an initiative designed to boost the adoption of mobile digital entertainment. As part of the strategic partnership, customers will have direct access to the Orange Music Store, both Orange and NGage games, as well as Nokia Maps. Under the Orange Signature programme, all services will be integrated into the familiar Orange user interface, providing one click access to information and entertainment.

"This collaboration underlines Orange's drive to create strategic partnerships that will give customers the best possible mobile multimedia experience in the simplest way," said Olaf Swantee, EVP of Orange's Personal Communications Services. "Combined with our leadership in mobile multimedia innovation and relationships with leading content providers, Orange believes that Nokia's devices and Ovi platform will make a powerful environment for the provision of a joint range of services," added Georges Penalver, EVP of Orange's Group Strategic Marketing.

"We are pleased to create this strategic partnership with Orange and believe that the combination of Signature and Ovi services will extend and enrich consumer choice," said Kai Oistamo, EVP, Devices, Nokia. "We also expect our close collaboration to extend beyond the initial focus areas of music, games, maps and advertising to include other services over time."

Under the agreement, the two companies will work jointly on marketing to support the launch of new devices and the development of multimedia applications. For instance, Nokia's Mobile Maps platform and GPS technology will be introduced to a wide portfolio of Nokia handsets in the Orange Signature range, allowing for navigation, location based search and advertising services. The two companies plan to create 10 million active Mobile Maps users on Nokia devices within the Orange footprint by 2010.

http://www.nokia.com/ About Orange

Orange is the key brand of France Telecom, one of the world's leading telecommunications operators. France Telecom serves more than 172 million customers in five continents as of March 31, 2008, of which two thirds are Orange customers. The Group had consolidated sales of 52.9 billion euros in 2007 (13 billion euros at March 31, 2008). As of March 31, 2008, the Group had 111.9 million mobile customers and 12 million broadband internet (ADSL) customers.

Launched in June 2005, the NExT program (New Experience in Telecommunications) will enable the Group to pursue its transformation as an integrated operator and make France Telecom the benchmark for new telecommunications services in Europe. In 2006, Orange became the Group's single brand for Internet, television and mobile services in the majority of countries where the company operates, and Orange Business Services the banner for services offered to businesses worldwide. France Telecom is the number three mobile operator and the number one provider of broadband internet services in Europe and one of the world leaders in providing telecommunication services to multinational companies.

France Telecom is listed on Euronext Paris and on the New York Stock Exchange.

For more information: http://www.orange.com/, http://www.francetelecom.com/ , http://www.orange-business.com/. Orange and any other Orange product or service names included in this material are trade marks of Orange Personal Communications Services Limited.

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.

Nokia Corporation

CONTACT: Media Enquiries: Orange Press Office: Tel. +33(0)
1-44-44-93-93, Email: service.presse@orange-ftgroup.com; Georgina Hart,
Orange, Tel. +44(0)7730-989-693, Email: georgina.hart@orange-ftgroup.com;
Nokia, Markets, Communications, Liisa Nyyssonen, Tel. +358-7180-34564, Email:
liisa.nyyssonen@nokia.com; Nokia, Communications, Tel. +358-7180-34900,
Email: press.services@nokia.com

UPDATE: MathStar, Inc. to Engage Investment Banker

HILLSBORO, Ore., May 22 /PRNewswire-FirstCall/ -- MathStar, Inc. announced today it has decided to engage an investment banker to explore strategic alternatives. No decision has been made as to whether MathStar will engage in a transaction resulting from its Board of Director's consideration of strategic alternatives, and there can be no assurance that any transaction will occur or, if undertaken, what the terms or timing of such a transaction would be.

As previously announced, MathStar's Annual Meeting of Shareholders will be held in Minneapolis, Minnesota on May 22, 2008 at 3:30 p.m., Central Time, at the Minneapolis Marriott Southwest, 5801 Opus Parkway, Minnetonka, Minnesota 55343. At this meeting, MathStar will hold the formal business portion of the meeting, after which the meeting will be adjourned and MathStar will present no business update at the meeting.

About MathStar

MathStar is a fabless semiconductor company offering best-in-class, high performance programmable logic solutions. MathStar's Field Programmable Object Array (FPOA) can process arithmetic and logic operations at clock rates at 1 gigahertz, which is up to four times faster than even the most advanced FPGA architectures in many applications. MathStar's Arrix family of FPOAs are high- performance programmable solutions that enable customers in the machine vision, high-performance video, medical imaging, security & surveillance and military markets to rapidly and cost effectively innovate and differentiate their products. FPOAs are available now and are supported by development tools, IP libraries, application notes and technical documentation. For more information, please visit http://www.mathstar.com/.

Forward-Looking Statements

Statements in this press release, other than historical information, may be "forward-looking" in nature within the meaning of Section 21E the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and assumptions. These statements are based on management's current expectations, estimates and projections about MathStar and its industry and include, but are not limited to, those set forth in the section of MathStar's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 14, 2008 under the heading "Risk Factors." MathStar undertakes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

MathStar, Inc.

CONTACT: Douglas M. Pihl of MathStar, Inc., +1-503-726-5500,
doug.pihl@mathstar.com

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

Collaborative, User-Centred Design Approach Helps Agency.Com Win Major Pitch to Redesign Canon Europe's Website

LONDON, May 22 /PRNewswire/ --

- Joint Approach With Sister Agency Tequila\Hakuhodo Proves a Winner

Agency.com has announced that is has won a 4-way pitch to redesign Canon's corporate website to serve the wide ranging needs of business and consumer audiences across EMEA territories.

Sister agency TEQUILA\ Hakuhodo is an existing digital supplier to Canon. A joint team approach was chosen to give Canon the best of both worlds; Canon experience, understanding and relationships from TEQUILA\ Hakuhodo, coupled with best in class, user-centred web design and robust project approach from Agency.com

James Leipnik, Chief of Communication and Corporate Relations, said, "We've done a lot of work to understand the needs of our different audience segments and were very impressed with Agency.com's user-centred design approach. In Agency.com and TEQUILA\Hakuhodo we've chosen a team with the experience of our brand and the proven track record necessary to help us build a world-class web experience for our customers."

Alex Wright, Deputy Managing Director of Agency.com and pitch leader, said, "Canon's reputation for innovation and excellence is well known. We look forward to helping them establish a relevant and engaging brand experience online."

Ian Thomas, Joint Managing Director of TEQUILA\Hakuhodo, said "We've enjoyed a great inter-agency synergy since Agency.com joined us here on Dean Street and we're sure this pitch win will be the first of many that draws on the respective specialisms and experience of our teams."

About Agency.com

Agency.com is a full-service interactive agency. Since 1995, the company has worked with clients like British Airways, IKEA, T-Mobile, Energizer and Visa, to create engaging interactive experiences. For more information, visit http://www.agency.com. Agency.com is part of TBWA\ Worldwide, an Omnicom Group Inc. (NYSE:OMC) company.

About TEQUILA\Hakuhodo

TEQUILA\ HAKUHODO is a joint venture between TEQUILA\ London and HAKUHODO in Tokyo, set up to service the needs of Canon in Europe. As well being the integrated advertising agency for CBS, Corporate and EMBU, TEQUILA\ HAKUHODO are an existing web supplier to Canon and have carried out a number of successful and large scale digital campaigns for Canon Europe.

All trademarks, trade names, service marks, and logos referenced herein belong to their respective owners.

For further information contact: Alex Wright Deputy Managing Director Agency.com London e: awright@agency.com t: +44(0)20-7964-8225 Ian Thomas Joint Managing Director TEQUILA\Hakuhodo Ian.Thomas@tequila-uk.com t: +44(0)20-7440-1393

Agency.com

For further information contact: Alex Wright, Deputy Managing Director, Agency.com London, e: awright@agency.com, t: +44(0)20-7964-8225; Ian Thomas, Joint Managing Director, TEQUILA\Hakuhodo, Ian.Thomas@tequila-uk.com, t: +44(0)20-7440-1393

MedQuist to Get New Majority StakeholderPrivate equity backed holding company enters into agreement to acquire Philips' share in MedQuist

MOUNT LAUREL, N.J., May 22 /PRNewswire-FirstCall/ -- MedQuist Inc. (Pink Sheets: MEDQ) today announced that earlier today Koninklijke Philips Electronics N.V. (Philips), MedQuist's majority shareholder, announced that it has reached an agreement to sell its approximately 69.5% ownership interest in MedQuist to CBaySystems Holdings Ltd., a publicly traded, AIM listed holding company with a portfolio of investments in medical transcription, healthcare technology, and healthcare financial services, for $11.00 per share.

The sale of Philips' stake in MedQuist is expected to close during the third quarter of 2008, and is conditional upon applicable regulatory approvals, approval by CBaySystems Holdings shareholders at a general meeting of shareholders, and the fulfillment of specific closing conditions. In connection with this transaction, Philips will receive a combination of cash and a promissory note equaling in the aggregate to approximately $7.50 per share (minus any per share cash dividend paid by MedQuist prior to closing). The remaining per share consideration of approximately $3.50 per share will be paid to Philips in the form of a 7-year bond convertible into common shares of CBaySystems Holdings.

On the closing of the sale of Philips' stake, the Governance Agreement between Philips and MedQuist, which, among other things, requires three independent members on the current MedQuist board of directors, will terminate in accordance with its terms. The agreement between Philips and CBaySystems Holdings provides for the resignation of the Philips directors on the MedQuist board of directors and their replacement by CBaySystems Holdings' designees in connection with the closing.

Today's announcement by Philips follows a November 2, 2007 announcement, in which Philips indicated its intention to proceed with the sale of its approximately 69.5% ownership interest in MedQuist, as well as a July 6, 2007 announcement, in which Philips indicated it viewed its stake in MedQuist as a non-core holding.

In light of Philips' announcement, MedQuist announced on November 2, 2007 that its board of directors was evaluating whether a sale of MedQuist was in the best interest of MedQuist and all of its shareholders and, in collaboration with Philips, MedQuist sought acquisition proposals from various parties.

A board committee, consisting of the three directors who are independent of Philips, was established to evaluate the proposals received and to make a recommendation to the MedQuist board of directors regarding such proposals. In light of the determination by such committee that it could not favorably recommend any of the proposals received because the consideration offered was insufficient for a sale of the Company based, among other things, on information provided by MedQuist's independent financial advisor, Bear, Stearns & Co. Inc., the MedQuist board of directors decided not to proceed with any of the proposals received.

The proposals that were considered included proposals from CBaySystems Holdings to either acquire 100% of the Company at the same per share price and on substantially the same terms as offered to Philips or to acquire up to 100% of the Company in a merger transaction which offered the shareholders of the Company other than Philips the option to receive either the same consideration offered to Philips or to remain shareholders of the Company. Following this MedQuist board determination, Philips elected to sell its stake on the terms set forth above.

CBaySystems Holdings has confirmed that MedQuist will continue to operate as an independent company with its own executive leadership, under the financial oversight of the holding company. MedQuist anticipates that there is potential for synergistic opportunities and alliances to be developed among itself and the other portfolio companies of CBaySystems Holdings, through independently negotiated transactions.

"Now that the sale evaluation process is concluded," commented Howard Hoffmann, President and CEO of MedQuist, "we can focus all of our energy and talent on growing top line revenue and bottom line performance through the continued development and delivery of innovative, high quality and cost effective technology and services solutions for our customers."

About MedQuist

MedQuist is the largest Medical Transcription Service Organization (MTSO) in the world, and a leader in technology-enabled clinical documentation workflow. MedQuist's enterprise solutions -- including mobile voice capture devices, speech recognition, Web-based workflow platforms, and global network of medical editors -- help healthcare facilities improve patient care, increase physician satisfaction, and lower operational costs. For more information, please visit http://www.medquist.com/.

Forward-Looking Statements

This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections about us, the industry in which we operate and other matters, as well as management's beliefs and assumptions and other statements regarding matters that are not historical facts. These statements include, in particular, statements about our plans, strategies and prospects. For example, when we use words such as "projects," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "should," "would," "could," "will," "opportunity," "potential" or "may," variations of such words or other words that convey uncertainty of future events or outcomes, we are making forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (Securities Act) and Section 21E of the Exchange Act. These statements are only predictions and, as such, are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, including, without limitation, the risk that the sale of Philips' stake to CBaySystems Holdings will not close or the closing will be delayed, the composition of the Company's board of directors will not change as indicated above, the Company may not operate as an independent company after the closing of the sale of Philips' stake, and no synergistic opportunities or alliances will develop among the Company and the other portfolio companies of CBaySystems Holdings. For a discussion of other risks, uncertainties and assumptions impacting the Company, any of which could cause our actual results to differ from those contained in the forward-looking statement, see the section of MedQuist's Annual Report on Form 10-K for the year ended December 31, 2007, entitled "Risk Factors" and discussions of potential risks and uncertainties in MedQuist's subsequent filings with the Securities and Exchange Commission.

MedQuist Inc.

CONTACT: Gretchen Roede of Garfield Group Public Relations,
+1-215-867-8600 ext 212, for MedQuist Inc.

Web site: http://www.medquist.com/
http://www.philips.com/newscenter

Le ministère polonais de la défense déploie la solution sans fil de chaîne d'approvisionnement en réseaux de Savi

MOUNTAIN VIEW, Californie, May 22 /PRNewswire/ --

- La solution IRF de Savi permet la distribution de matériel militaire en Afghanistan afin de soutenir les efforts de paix de l'OTAN

Dans le but de soutenir les efforts de maintien de la paix de l'OTAN en Afghanistan et ailleurs dans le monde, le ministère polonais de la défense (MPD) déploie une solution d'identification par radiofréquence (IRF) offerte par Savi, une filiale de Lockheed Martin (NYSE : LMT), pour automatiser la localisation et la gestion de l'approvisionnement en matériel militaire. Il s'agit de la deuxième installation en importance de la solution IRF en réseaux de Savi liée à l'OTAN, ainsi que du huitième déploiement de cette solution par une force militaire distincte à l'échelle mondiale.

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

Les solutions IRF d'approvisionnement en réseaux de Savi sont activement opérationnelles avec les forces militaires basées aux quartiers généraux de l'OTAN, aux Etats-Unis, au Royaume-Uni, en Australie, en Suède, au Danemark et en Espagne.

<< La solution novatrice de Savi est testée sur le champ de bataille depuis plus de dix ans, et nous prévoyons qu'elle nous aidera à collaborer plus étroitement avec nos alliés tout en créant une chaîne d'approvisionnement plus fiable et plus efficace afin de soutenir nos soldats >>, a déclaré le Colonel Artur Malinowski, Generalny Zarad Logistyki du MPD, P-4. << La solution de Savi sera utilisée pour localiser et gérer les chargements de l'importante chaîne d'approvisionnement du ministère polonais de la défense par le biais de dépôts, de bases, de terrains d'aviation et d'autres installations militaires. >>

<< La Pologne joue un rôle important auprès de l'OTAN pour ce qui est de soutenir les efforts de maintien de la paix en Afghanistan, et la solution de localisation de Savi améliore la visibilité et la précision de la chaîne d'approvisionnement afin de s'assurer que le bon matériel est expédié au bon endroit au bon moment >>, a expliqué Bruce Jacquemard, directeur général international pour Savi Technology.

L'agence des biens militaires du MPD a signé un contrat avec le Netline Group afin de se procurer la Consignment Management Solution (CMS) de Savi, qui offre des renseignements en temps réel sur la localisation du matériel par le biais d'un réseau de lecteurs IRF liés à un logiciel de soutien décisionnel de classe entreprise. Le Netline Group s'est associé à Hertz Systems pour l'installation de l'équipement et des logiciels.

La CMS est fondée sur les normes de localisation des biens de l'OTAN, ce qui lui permet d'être interopérable avec les forces militaires alliées de l'OTAN. Par conséquent, les chargements nationaux et multinationaux peuvent être localisés et gérés via un réseau exploité par plusieurs forces militaires lorsque celles-ci utilisent la solution fondée sur les normes.

Les chargements marqués à l'aide d'appareils IRF actifs alimentés par piles sont suivis par des lecteurs fixes et mobiles, tandis que la plate-forme CMS de Savi permet aux utilisateurs de gérer les chargements en circulation sur les voies de leur chaîne d'approvisionnement. La CMS traite également des transmissions de données en temps réel provenant d'autres types de technologies d'identification automatique telles que les codes barres et les systèmes de localisation par satellite IRF et GPS.

Fondée en 1989, Savi, la première filiale en propriété exclusive de Lockheed Martin, est basée à Mountain View, en Californie, et a des bureaux à Londres, à Melbourne, à Singapour et Washington D.C. Pour obtenir de plus amples renseignements, veuillez consulter le http://www.savi.com.

Basée à Bethesda, au Maryland, Lockheed Martin emploie environ 140 000 personnes dans le monde entier et oeuvre principalement dans les domaines de la recherche, du design, du développement, de la fabrication, de l'intégration et du soutien de systèmes technologiques avancés. En 2007, la société a enregistré des ventes de 41,9 milliards USD. Pour obtenir de plus amples renseignements, veuillez consulter le http://www.lockheedmartin.com.

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

Savi Technology - Lockheed Martin

Mark Nelson de 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

Azure Dynamics Receives Order From AT&T for 15 Parallel Hybrid Vehicles

OAK PARK, Michigan, May 22 /PRNewswire/ -- Azure Dynamics Corporation (TSX: AZD, LSE: ADC & OTCQX: AZDDF) - ("Azure" or the "Company"), a leading developer of hybrid electric and electric powertrains for commercial vehicles is pleased to announce it has received an order from AT&T for 15 gasoline parallel hybrid electric Ford E-450.

Scott Harrison, Azure's Chief Executive Officer said, "The purchase of production vehicles by AT&T is another significant milestone for Azure. Not only does this order once again demonstrate the depth and functionality of Azure's parallel hybrid system but it validates the broad application of the technology across various industries." Mr. Harrison went on to say, "It is great to be able to call AT&T a customer."

About Azure Dynamics

Azure Dynamics Corporation (TSX: AZD) (LSE: ADC) (OTCQX: AZDDF) is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles. Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets and is currently working internationally with various partners and customers. The Company is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management solutions. For more information please visit http://www.azuredynamics.com.

The TSX and LSE Exchanges do not accept responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This press release contains forward-looking statements. More particularly, this press release contains statements concerning Azure's business development strategy, projected commercial revenues and product deliveries.

The forward-looking statements are based on certain key expectations and assumptions made by Azure, including expectations and assumptions concerning achievement of current timetables for development programs, target market acceptance of Azure's products, current and new product performance, availability and cost of labour and expertise, and evolving markets for power for transportation vehicles. Although Azure believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Azure can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with Azure's early stage of development, lack of product revenues and history of losses, requirements for additional financing, uncertainty as to commercial viability, uncertainty as to product development and commercialization milestones being met, uncertainty as to the market for Azure's products and unproven acceptance of Azure's technology, competition for capital, product market and personnel, uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies, uncertainty as to patent and proprietary rights, availability of management and key personnel, and acquisition integration risk. These risks are set out in more detail in Azure's annual information form which can be accessed at http://www.sedar.com.

The forward-looking statements contained in this press release are made as of the date hereof and Azure undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

For further information: ON AZURE: Ryan Carr, Chief Financial Officer, +1-248-298-2403, Email: rcarr@azuredynamics.com; Bruce G. MacDonald, Liebler!MacDonald, +1-248-840-6990, Email: bmacd@liemac.com/

Azure Dynamics Corporation

For further information: ON AZURE: Ryan Carr, Chief Financial Officer, +1-248-298-2403, Email: rcarr@azuredynamics.com; Bruce G. MacDonald, Liebler!MacDonald, +1-248-840-6990, Email: bmacd@liemac.com/

Global Sources Reports First Quarter Results

Revenue of $40.6 Million, Up 16% Compared to First Quarter 2007 Driven by Online Revenue Growth of 27% First Quarter GAAP EPS of $0.17 and Non-GAAP EPS of $0.14 Increases Guidance for Second Quarter 2008 and First Half 2008 Revenue and EPS

NEW YORK, May 22 /Xinhua-PRNewswire-FirstCall/ -- Global Sources Ltd. (http://www.globalsources.com/ ) reported financial results for the first quarter ended March 31, 2008.

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

Global Sources' chairman and CEO, Merle A. Hinrichs, said: ''We are very pleased with our first quarter performance. Our online services grew 27% and our exhibitions grew 24%, compared to the same period last year. The acceleration of online growth demonstrates the progress we are making with our new Global Sources Online 2.0 website, Six-Star supplier ranking system, new service packages and our expanding sales representation. Underlying all of this is our market leadership in helping buyers to distinguish between verified and unverified suppliers.

''Regarding exhibitions, during the first quarter, the largest-ever International IC-China Conference & Exhibition was held. More than 1,400 booths were sold, up 37% compared to last year. In addition, our April China Sourcing Fairs in Hong Kong featured over 6,700 booths, up approximately 6% from April 2007.''

Financial Highlights: First Quarter 2008 Compared to First Quarter 2007 Revenue was $40.6 million, up 16% from $34.9 million. -- Online revenue was $21.9 million, up 27% from $17.3 million. -- Exhibitions revenue was $6.0 million, up 24% from $4.8 million. -- Print revenue was $11.6 million, down 1% from $11.8 million. -- Revenue from mainland China was $24.1 million, up 30% from $18.4 million.

Total deferred income and customer prepayments were $96.1 million as at March 31, 2008, up 26% from $76.1 million as at March 31, 2007.

In accordance with generally accepted accounting principles (GAAP), first quarter 2008 net income was $8.2 million, or $0.17 per diluted share, which included a credit of $1.6 million, or $0.03 per share, to non-cash stock based compensation expense (SBC) based on a stock price of $14.85 on March 31, 2008. For the first quarter of 2007, GAAP net income was $6.5 million, or $0.14 per diluted share. Non-GAAP net income for the first quarter of 2008 was $6.6 million, compared to $7.1 million for the first quarter of 2007. Non-GAAP EPS for the first quarter of 2008 was $0.14, compared to $0.15 for the first quarter of 2007.

Non-GAAP Metrics

Management believes non-GAAP metrics are useful measures of operations and provides GAAP to non-GAAP reconciliation tables at the end of this press release. Global Sources defines non-GAAP net income as net income excluding non-cash stock based compensation (SBC) expense or credit, gains or losses on acquisitions and investments, and/or impairment charges, for all historical and future references to non-GAAP metrics. Non-GAAP EPS is defined as non-GAAP net income divided by the weighted average of diluted common shares outstanding.

Global Sources' CFO, Eddie Heng, said: ''Our first quarter was stronger than expected, primarily due to strong online revenue growth, which included 38% revenue growth from China. Deferred income and customer prepayments were also healthy, up 26% compared to the same time last year, and up 16% compared to the end of the fourth quarter of 2007, resulting in positive cash flow from operations of $15.7 million in the first quarter of 2008. For the rest of 2008, we expect online and trade shows to continue to serve as the main growth drivers, and we anticipate revenue from China to continue growing faster than overall revenue. We also expect a positive impact from expanding sales representation for all of our products.''

Financial Expectations for Second Quarter and First Half 2008

Due primarily to online revenue growth, guidance for both revenue and earnings is being increased for the second quarter 2008 and first half 2008.

Second Quarter 2008 Ending June 30, 2008: -- Guidance for revenue has been increased to be between $62.0 million and $63.0 million, representing growth of 18% to 20% over the second quarter of 2007. Based on the stock price of $15.04 on May 12, 2008, SBC is estimated to be $0.02 per diluted share. -- GAAP EPS is expected to be between $0.17 and $0.19. -- Non-GAAP EPS is expected to be between $0.19 and $0.21, compared to $0.19 per diluted share in the second quarter of 2007. First Half 2008 Ending June 30, 2008: -- Revenue is expected to be in the range of $102.6 million to $103.6 million. Compared to $87.5 million for the first six months of 2007, this represents an increase of 17% to 18%. Using the stock price of $15.04 on May 12, 2008, SBC is estimated to be a credit of $0.01 per diluted share. -- GAAP EPS is expected to be in the range of $0.34 to $0.36, as compared to $0.23 per diluted share in the first half of 2007. -- Non-GAAP EPS is expected to be in the range of $0.33 to $0.35, compared to $0.34 per diluted share for the same period in 2007. Recent Corporate Highlights -- The largest ever International IC-China Conference & Exhibition was held in March, featuring more than 1,400 booths. Expansion plans for 2009 include additional locations and time slots in the fall. -- Held 5 China Sourcing Fairs in Hong Kong in April featuring over 6,700 booths. -- Achieved record lead generation, which is measured as requests for information (RFIs) from buyers to suppliers through Global Sources Online. There were 32.6 million RFIs for the 12 months ended March 31, 2008, up more than 137% compared to the same period last year. -- Increased Global Sources' independently certified community of active buyers to more than 700,000 at the end of the first quarter, 16% higher than the same time last year. -- The Private Sourcing Events were expanded to India and to the United States, where an event ran concurrently with the Consumer Electronics Show in Las Vegas. -- Honored by Investor Relations Global Rankings (IRGR) for best IR website, corporate governance section and financial disclosure procedures in the small/mid cap category. Conference Call for Global Sources First Quarter 2008 Earnings

Chairman and CEO, Merle A. Hinrichs, and Eddie Heng, CFO, are scheduled to conduct a conference call at 8:00 a.m. ET on May 22, 2008 (8:00 p.m. on May 22, 2008 in Hong Kong) to review these results in more detail. Investors in the United States may participate in the call by dialing (888) 212-8315, and international participants may dial (706) 643-0144. Investors in Hong Kong may call (852) 3011-4522. A live webcast of the conference call is scheduled to be available on Global Sources' corporate site at http://www.investor.globalsources.com/ .

For those who cannot listen to the live broadcast, a webcast replay of the call is scheduled to be available on the company's corporate site for at least 30 days. A telephone replay of the call is also scheduled to be available through May 26, 2008. To listen to the telephone replay, dial (800) 642-1687, or dial (706) 645-9291 outside the United States, and enter pass code 43874234#. For those in the Hong Kong area, the replay dial-in number is (852) 3011-4541, and the pass code is 43874234#.

About Global Sources

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

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

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

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

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

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, as amended and Section 21-E of the Securities Exchange Act of 1934, as amended. The company's actual results could differ materially from those set forth in the forward-looking statements as a result of the risks associated with the company's business, changes in general economic conditions, and changes in the assumptions used in making such forward-looking statements.

-- Tables to Follow -- GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) At At March 31 December 31 2008 2007 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $206,957 $197,825 Available-for-sale securities 6,431 -- Accounts receivable, net 5,714 6,665 Receivables from sales representatives 13,711 12,303 Inventory 957 1,108 Prepaid expenses and other current assets 22,734 15,333 Deferred tax assets 46 46 Total Current Assets 256,550 233,280 Property and equipment, net 35,085 35,352 Long term investments 100 100 Bonds held to maturity, at amortized cost 100 99 Deferred tax assets - long term 196 196 Other assets 3,119 2,781 Total Assets $295,150 $271,808 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $6,018 $5,577 Deferred income and customer prepayments 90,285 78,141 Accrued liabilities 13,812 12,546 Income taxes payable 850 694 Total Current Liabilities 110,965 96,958 Deferred income and customer prepayments - long term 5,820 4,934 Deferred tax liability 294 283 Total Liabilities 117,079 102,175 Minority interest 5,567 4,940 Shareholders' equity: Common shares, US$0.01 par value; 75,000,000 shares authorized; 46,702,092 (2007: 46,572,092) shares issued and outstanding 467 466 Additional paid in capital 133,295 133,987 Retained earnings 37,034 28,829 Accumulated other comprehensive income 1,708 1,411 Total Shareholders' Equity 172,504 164,693 Total Liabilities and Shareholders' Equity $295,150 $271,808 GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) Three months ended March 31, 2008 2007 (Unaudited) (Unaudited) Revenue: Online and other media services (Note 1) $33,532 $29,045 Exhibitions 5,961 4,816 Miscellaneous 1,121 1,086 40,614 34,947 Operating Expenses: Sales (Note 2) 12,316 11,136 Event production 1,005 613 Community (Note 2) 6,043 5,273 General and administrative (Note 2) 11,228 9,953 Online services development (Note 2) 1,479 1,286 Amortization of software costs 40 40 Total Operating Expenses 32,111 28,301 Income from Operations 8,503 6,646 Interest and dividend income 1,297 1,392 Foreign exchange gains (losses), net (256) (274) Income before Income Taxes 9,544 7,764 Income Tax Expense (233) (219) Net Income before Minority Interest $9,311 $7,545 Minority interest (1,106) (1,017) Net Income $8,205 $6,528 Diluted net income per share $0.17 $0.14 Total shares used in diluted net income per share calculations 47,325,913 46,647,143 Note: 1. Online and other media services consists of: Three months ended March 31, 2008 2007 (Unaudited) (Unaudited) Online services $21,930 $17,270 Print services 11,602 11,775 $33,532 $29,045 Note: 2. Non-cash compensation expenses associated with the employee equity compensation plans and Directors Purchase Plan included under various categories of expenses are as follows: Three months ended March 31, 2008 2007 (Unaudited) (Unaudited) Sales $(1,393) $(133) Community 15 85 General administrative (247) 509 Online services development 48 62 $(1,577) $523 GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) Three months ended March 31, 2008 2007 (Unaudited) (Unaudited) Cash flows from operating activities: Net income $8,205 $6,528 Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization 1,269 1,072 Accretion of U.S. Treasury strips zero % coupons (1) (4) Provision for doubtful debts (written back) (64) 100 Non-cash compensation expense (credit) (1,577) 523 Income attributable to minority shareholder 1,106 1,017 Equipment written off -- 4 Exchange rate realignment (123) -- 8,815 9,240 Changes in assets and liabilities: Accounts receivables 1,015 (14) Receivables from sales representatives (1,404) (4,095) Inventory 151 (123) Prepaid expenses and other current assets (7,377) (5,939) Long term assets (333) (1,051) Accounts payable 407 (254) Accrued liabilities and liabilities for incentive and bonus plans 1,231 (2,260) Deferred income and customer prepayments 13,021 12,309 Tax liability 142 143 Net cash provided by operating activities 15,668 7,956 Cash flows from investing activities: Purchase of property and equipment (569) (592) Purchase of available-for-sale securities (6,467) -- Proceeds from sale of available-for-sale securities -- 7 Payment of dividend to minority shareholder by a subsidiary (479) -- Net cash used in investing activities (7,515) (585) Cash flows from financing activities: Amount received towards directors purchase plan 886 422 Net cash generated from financing activities 886 422 Effect of exchange rate changes on cash equivalents 93 -- Net increase in cash and cash equivalents 9,039 7,793 Cash and cash equivalents, beginning of the period 197,825 135,093 Cash and cash equivalents, end of the period $206,957 $142,886 Supplemental cash flow disclosures: Income tax paid $66 $76 GLOBAL SOURCES LTD. AND SUBSIDIARIES ACTUAL GAAP to NON-GAAP RECONCILIATION (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) Three months Three months ended March 31 ended March 31 2008 2007 GAAP EPS $0.17 $0.14 GAAP Net Income $8,205 $6,528 Non-cash stock based compensation expenses (SBC) (Note 1) (1,577) 523 Non-GAAP Net Income $6,628 $7,051 Non-GAAP diluted net income per share $0.14 $0.15 Total shares used in non-GAAP diluted net income per share calculations 47,325,913 46,647,143 Note: (1) Non-cash stock based compensation expenses. GLOBAL SOURCES LTD. AND SUBSIDIARIES GUIDANCE GAAP to NON-GAAP RECONCILIATION (In U.S. Dollars Million, Except Number of Shares and Per Share Data) GUIDANCE ACTUAL Three months Three months ended June 30 ended June 30 2008 2007 Revenue $62.00 to $63.00 $52.6 GAAP EPS $0.17 to $0.19 $0.09 Non-cash stock based compensation expense / (credit) (Note 1) $0.02 $0.02 $0.06 Loss on investment, net (Note 2) -- -- $0.04 Non-GAAP diluted net income per share $0.19 to $0.21 $0.19 Total shares used in non-GAAP diluted net income per share calculations 47,535,000 47,535,000 47,039,911 GLOBAL SOURCES LTD. AND SUBSIDIARIES CONTINUED GUIDANCE GAAP to NON-GAAP RECONCILIATION (In U.S. Dollars Million, Except Number of Shares and Per Share Data) GUIDANCE ACTUAL Six months Six months ended June 30 ended June 30 2008 2007 Revenue $102.60 to $103.60 $87.50 GAAP EPS $0.34 to $0.36 $0.23 Non-cash stock based compensation expense / (credit) (Note 1) ($0.01) ($0.01) $0.07 Loss on investment, net (Note 2) -- -- $0.04 Non-GAAP diluted net income per share $0.33 to $0.35 $0.34 Total shares used in non-GAAP diluted net income per share calculations 47,430,000 47,430,000 46,843,657 Notes: (1) Non-cash stock based compensation expense / (credit). (2) An impairment charge of approximately $2.3 million on the company's HC International investment, net of $0.5 million received pursuant to indemnification obligations of the vendor under the purchase agreement for HC International investment. For financial matrix, please visit: http://xprnnews.xfn.info/GSOL/20080522/Q108_charts.pdf Global Sources Press Contact in Asia Camellia So Tel: +852-2555-5021 e-mail: cso@globalsources.com Global Sources Press Contact in U.S. James W.W. Strachan Tel: +1-480-664-8309 e-mail: strachan@globalsources.com Global Sources Investor Contact in Asia Investor Relations Department Tel: +852-2555-4777 e-mail: investor@globalsources.com Global Sources Investor Contacts in U.S. Christiane Pelz & Kirsten Chapman Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 e-mail: investor@globalsources.com

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

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

Web Site: http://www.globalsources.com/
http://www.investor.globalsources.com/
http://xprnnews.xfn.info/GSOL/20080522/Q108_charts.pdf

Hughes Communications Prices Public Offering

GERMANTOWN, Md., May 21 /PRNewswire-FirstCall/ -- Hughes Communications, Inc. ("Hughes"), the global leader in broadband satellite network solutions and services, announced today that the public offering of 2,239,600 shares of its common stock has priced at $50.00 per share. In the offering, Hughes is selling 2,000,000 shares and certain selling stockholders, including members of its senior management, are selling a total of 239,600 shares. Hughes has also granted an option to the underwriters to purchase up to an additional 335,940 shares of common stock. The shares will be sold under Hughes' effective shelf registration statement. Hughes intends to use the net proceeds from the sale of its shares for the acquisition of a satellite or general corporate purposes.

Goldman, Sachs & Co. and Lehman Brothers acted as joint book-running managers for the offering, and Banc of America Securities LLC, Cowen and Company, Morgan Stanley, UBS Investment Bank and Wachovia Securities acted as co-managers.

A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission. The offering is being made solely by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus related to this offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, Attn: Prospectus Department (Tel: 212-902-1171) and from Lehman Brothers Inc., c/o Broadridge Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717 Attn: qiana.smith@broadridge.com (Tel: 1-888-603-5847).

About Hughes Communications, Inc.

Hughes Communications, Inc. is the 100 percent owner of Hughes Network Systems, LLC. Hughes is the global leader in providing broadband satellite networks and services for enterprises, governments, small businesses and consumers. HughesNet(R) encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI, and ITU standards organizations, including IPoS/DVB-S2, RSM-A, and GMR-1. To date, Hughes has shipped more than 1.5 million systems to customers in over 100 countries. Headquartered outside Washington, DC, in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide.

Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC.

Hughes Communications, Inc.

CONTACT: Judy Blake of Hughes Network Systems, LLC, +1-301-601-7330,
jblake@hns.com

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

Comprehensive Monitoring System From Sunrise Telecom(R) Increases Reliability of RF CATV and Broadband Communications Services

GOMARINGEN, Germany, May 22 /PRNewswire/ --

- RealWORX(TM) Web is the only system to perform both ingress and RF performance monitoring, providing technical staff with the tools to proactively and effectively minimize cable modem and RF Signal quality problems.

Sunrise Telecom(R) Incorporated (Pink Sheets: SRTI), a leader in test and measurement solutions for today's telecom, wireless and cable networks, today announced RealWORX(TM) Web, the industry's most comprehensive monitoring system for RF CATV and broadband communications services. RealWORX is the most complete and cost-effective RF monitoring system available on the market today, and the only ingress monitoring system capable of monitoring above 65 MHz. The frequency band above 65MHz allows operators to better detect laser clipping which is a largely misunderstood network condition that erodes data quality of service. Visit Sunrise Telecom's Halle 10.2, Stand B68 at ANGA Cable, May 27 - 29, in Cologne, Germany.

"Competition among video providers continues to heat up, which means video quality is becoming an essential differentiator," said Jeff Heynen, Directing Analyst, IPTV and Next Gen OSS/BSS, Infonetics Research. "The RealWORX monitoring system provides more functionality and flexibility in a single system than competing systems while simultaneously meeting the pressing need for CATV headend and hub site monitoring, as well as Video Hub Office (VHO) and Video Serving Office (VSO) monitoring for telcos."

RealWORX improves network performance and availability by alerting operators to impairments before they have serious effects. For example, lifeline voice and other high-speed data related services are degraded when ingress related impairments are not identified. By constantly monitoring both upstream and downstream channel performance on the CATV system, operators can proactively identify and eliminate these often subtle impairments prior to service degradation.

This innovative, web-based platform is the only monitoring system to use a high-end lab-grade spectrum analyzer, making it possible to detect and capture extremely low level RF impairments like transients, Common Path Distortion (CPD) and noise floor degradation, which are invisible to competing systems.

RealWORX constantly monitors digital and analog measurement parameters storing these results as historical data. Special graphs display the measurement deviations over time. In-depth views allow individual channel results to be displayed graphically over time. In addition, a unique dashboard provides overall health status information for each node, while the node status menu makes it easy for technicians to drill down and isolate individual alarm conditions.

The RealWORX web-based platform ensures that operators can control the monitoring application from any location using a standard web browser. Since RealWORX utilizes industry-standard MySQL database and XML file formats, third party applications are easily integrated.

RealWORX is immediately available from Sunrise Telecom. For sales information contact the company at info@sunrisetelecom.com. For sales information in Germany, call +49-07072-9289-50 or fax +49-07072-9289-55.

About Sunrise Telecom Incorporated

Sunrise Telecom develops and delivers high-quality communications test and measurement solutions for today's telecom, cable and wireless networks. The company's robust portfolio of feature-rich, easy-to-use products enables service providers to deliver premium voice, video, data and next-generation digital multimedia services quickly, reliably, and cost-effectively. Based in San Jose, California, Sunrise Telecom distributes its products through a direct sales force and a global network of sales representatives and distributors. For more information, visit http://www.sunrisetelecom.com or email info@sunrisetelecom.com.

SUNRISE TELECOM, the "S" logo, and other trademarks are trademarks of Sunrise Telecom Incorporated and may not be used without permission. Internet Explorer, Windows and Windows CE are registered trademarks of Microsoft Corporation in the United States and other countries.

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

Sunrise Telecom Incorporated

Phyllis Grabot of Zeesman Communications, Inc., +1-805-341-7269, Phyllis@Zeesman.com for Sunrise Telecom Incorporated

page 1     page 2     page 3     page 4    

News archive of November 2009
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30