Companies news

CACI Issues Guidance for Its Fiscal Year 2009FY 2009 revenue projected at $2.55 billion to $2.65 billionFY 2009 net income projected at $89.8 million to $96.0 millionFY 2009 diluted EPS projected to be $2.90 to $3.10FY 2009 operating cash flow projected to be in excess of $130 millionFY 2008 guidance reiterated

ARLINGTON, Va., June 25 /PRNewswire-FirstCall/ -- CACI International Inc , a leading professional services and information technology provider to the federal government, issued its guidance for its Fiscal Year 2009 (FY09) beginning July 1, 2008. CACI provides innovative solutions to meet America's needs in national defense, intelligence, homeland security, and the transformation of government, and is a leading strategic consolidator in its market space.

Guidance for Fiscal Year 2009

For FY09, we expect revenue to range from $2.55 billion to $2.65 billion, an increase of approximately six to ten percent above the midpoint of Fiscal Year 2008 (FY08) revenue guidance. We expect net income to range from $89.8 million to $96.0 million, an increase of approximately nine to 16 percent above the midpoint of FY08 net income guidance. We expect that diluted earnings per share (EPS) will be between $2.90 and $3.10, an increase of approximately seven to 15 percent above the midpoint of FY08 diluted EPS guidance. We also project that cash flows from operations will be in excess of $130 million. FY09 guidance does not include any impacts from future acquisitions.

The table below summarizes the guidance ranges for FY09: (In millions except for earnings per share) Fiscal Year 2009 Revenue $2,550 - $2,650 Net income $89.8 - $96.0 Diluted earnings per share $2.90 - $3.10 Diluted weighted average shares 31.0 Following are the areas of continuing management focus for FY09:

-- Increasing shareholder value by maintaining progress towards our financial goals of achieving at least eight to ten percent annual organic revenue growth, an annual operating margin of at least eight percent, and annual net income growth of at least 15 percent within two to three years.

-- Providing high-value services and solutions through our strong functional core competencies to sustain our client base and to win new business opportunities.

-- Expanding our distinctive solutions in the Intelligence Community to counter global terrorism.

-- Continuing our progress to make CACI an employer of choice while increasing the CACI direct labor content of our work by hiring and retaining highly qualified employees.

-- Targeting accretive, strategic, and value-added acquisitions with strong competencies that complement CACI solutions and have high margins and strong growth.

This guidance represents our views as of June 25, 2008. Investors are reminded that actual results may differ for the reasons described below and in our filings with the Securities and Exchange Commission.

FY08 Guidance Reiterated

We expect our revenue for Fiscal Year 2008 to be within the current guidance range of $2.375 to $2.425 billion. We also expect that our diluted earnings per share will be in the upper half of our current guidance range of $2.65 to $2.75.

Commentary

Commenting on the FY09 guidance, Bill Fairl, CACI's Acting President and Chief Executive Officer, said, "I have the greatest confidence in our ability to increase shareholder value and achieve CACI's growth objectives by helping our government clients solve their greatest challenges. Our strong performance during the second half of FY08 has established a solid foundation as we move into FY09. We expect FY08 to result in double-digit organic revenue growth, improved earnings per share, a strong level of awards, and a record level of contract funding orders. Our acquisitions continue to perform well ahead of plan, and we are concluding an extremely successful year of hiring, culminating in our employee base reaching approximately 12,000 people."

Fairl continued: "During FY09, we expect to make continued significant progress towards our financial and operating goals, the most important of which is achieving at least 15 percent annual growth in net income in the next two to three years. Going forward, our focus remains on providing timely and essential professional services and information technology solutions for our markets in national defense, intelligence, homeland security, and the improvement of government services. We believe our clients in these markets will continue to receive priority funding next year and beyond. They are carrying out missions of tremendous importance -- our nation's highest priorities -- and we are proud to serve them. We are dedicated to making FY09 another year of quality client service and best value, while growing our business, and increasing shareholder value."

Conference Call Information

We have scheduled a conference call for 8:30 AM ET Thursday, June 26th. Interested parties can listen to the conference call and view accompanying exhibits over the Internet by logging on to CACI's Internet site at http://www.caci.com/ at the scheduled time. They may also dial in to 877-627-6580, confirmation code 3404635. A replay of the call will be available over the Internet beginning approximately 1:00 PM ET, and can be accessed through CACI's homepage by clicking on the CACI Investor Info button.

About CACI

CACI International Inc provides the professional services and IT solutions needed to prevail in today's defense, intelligence, homeland security, and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR integration services; information assurance, information operations, and cyber security services; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. We add value to our clients' operations, increase their skills and capabilities, and enhance their missions. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides dynamic careers for approximately 12,000 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/.

There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; changes in interest rates; currency fluctuations; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; and (iv) accounting for convertible debt instruments; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.

Corporate Communications and Media: Jody Brown, Executive Vice President, Public Relations (703) 841-7801, jbrown@caci.com Investor Relations: David Dragics, Senior Vice President, Investor Relations (866) 606-3471, ddragics@caci.com

CACI International Inc

CONTACT: Corporate Communications and Media: Jody Brown, Executive Vice
President, Public Relations, +1-703-841-7801, jbrown@caci.com; Investor
Relations: David Dragics, Senior Vice President, Investor Relations,
+1-866-606-3471, ddragics@caci.com

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

Xyratex Ltd Announces Results for the Second Quarter Fiscal Year 2008

HAVANT, England, June 25 /PRNewswire-FirstCall/ -- Xyratex Ltd , a leading provider of enterprise class data storage subsystems and storage process technology, today announced results for the second fiscal quarter ended May 31, 2008. Revenues for the second quarter were $266.5 million, an increase of 25.1% compared to revenues of $213.0 million for the same period last year.

For the second quarter, GAAP net income was $2.2 million, or $0.07 per diluted share, compared to GAAP net income of $2.0 million, or $0.07 per diluted share, in the same period last year. Non-GAAP net income decreased 10.7% to $4.6 million, or a diluted earnings per share of $0.15, compared to non-GAAP net income of $5.1 million, or $0.17 per diluted share, in the same quarter a year ago (1).

Gross profit margin in the second quarter was 15.3%, compared to 17.0% in the same period last year, primarily due to the decrease in Storage Infrastructure revenues.

Revenues from our Networked Storage Solutions (NSS) products were $232.6 million as compared to $169.2 million in the same quarter a year ago, an increase of 37.5%. Gross profit margin in the Networked Storage Solutions business was 14.0% as compared to 14.4% a year ago. Revenues from our Storage Infrastructure products were $33.9 million as compared to $43.9 million in the same quarter a year ago, a decrease of 22.8%. Gross profit margin in the Storage Infrastructure business was 24.9% as compared to 28.0% a year ago.

"I was pleased with our second quarter results. We executed very well, particularly in our NSS division where we had very strong demand from our customers, and revenue exceeded our expectations as customers pulled forward shipments from 3Q to minimize any impacts from the introduction of our new ERP system, which was successfully implemented over the first two weeks of June. As anticipated, we are now seeing evidence of an increase in demand for capital equipment from our customers in Q3 and I am encouraged with regard to the healthy fundamentals we see within the two markets we serve," said Steve Barber, CEO of Xyratex. "Though the global economic conditions remain uncertain, I believe that the storage industry will remain strong and that our customers are well positioned within their respective markets to benefit from this continued growth. We will continue to work with our customers to make them more competitive in their respective markets and remain flexible in meeting their technology and product demands. We remain focused on executing as efficiently and effectively as possible."

Business Highlights

-- We announced the appointment of industry veteran, Harold Lehon, as executive vice president and general manager for the Storage Infrastructure Division. Mr. Lehon will lead the company's Storage Infrastructure Division strategy, specifically in maintaining and expanding the current customer base as well as expanding the division's reach into other markets.

-- We announced the OneStor SP1224s, the second member of the company's versatile OneStor Extensible Storage Platform (ESP) family. The SP1224s is a 2U, 24-drive storage system based on 2.5-inch drives and provides 85+ percent efficient power conversion. Compared with standard 3.5-inch drives, these small form factor (SFF) drives consume less power with double the performance density, making the OneStor SP1224s ideal for transaction-intensive applications.

-- We successfully migrated the company onto the SAP Enterprise Resource Planning system in the first week of June and are on schedule to achieve full operational levels during the quarter. This consolidates the company onto one system which should improve the services we are able to offer our customers and enables the continued growth of the business.

Business Outlook

The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not include the potential impact of any future acquisitions or divestitures.

-- Revenue in the third quarter of 2008 is projected to be in the range $276 to $296 million.

-- Fully diluted earnings per share are anticipated to be between $0.27 and $0.39 on a GAAP basis in the third quarter. On a non-GAAP basis, fully diluted earnings per share is anticipated to be between $0.35 and $0.47. Non-GAAP earnings per share excludes non-cash equity compensation, amortization of intangible assets, certain non-recurring items and related taxation expense.

Conference Call/Webcast Information

Xyratex quarterly results conference call will be broadcast live via the internet at http://www.xyratex.com/investors on Wednesday, June 25, 2008 at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time. You can also access the conference call by dialing +1 (800) 295-4740 in the United States and +1 (617) 614-3925 outside of the United States, passcode 17530053. The press release will be posted to the company web site http://www.xyratex.com/.

A replay will be available through July 2, 2008 following the live call by dialing +1 (888) 286-8010 in the United States and +1 (617) 801-6888 outside the United States, replay code 16426106.

(1) Non-GAAP net income and diluted earnings per share excludes (a) amortization of intangible assets, (b) equity compensation expense, (c) specified non-recurring items, such as income from sale of a product line, (d) the related tax effects and (e) the effect of changes in exchange rates on the income tax expense. Reconciliation of non-GAAP net income and diluted earnings per share to GAAP net income and GAAP diluted earnings per share is included in a table immediately following the condensed consolidated statements of cash flow below.

The intention in providing these non-GAAP measures is to provide supplemental information regarding the Company's operational performance while recognizing that they have material limitations and that they should only be referred to with reference to the corresponding GAAP measure.

The Company believes that the provision of these non-GAAP financial measures is useful to investors and investment analysts because it enables comparison to the Company's historical operating results, those of competitors and other industry participants and also provides transparency to the measures used by management in operational and financial decision making. In relation to the specific items excluded: (a) intangible assets represent costs incurred by the acquired business prior to acquisition, are not cash costs and will not be replaced when the assets are fully amortized and therefore the exclusion of these costs provides management and investors with better visibility of the costs required to generate revenue over time; (b) equity compensation expense is non-cash in nature, is outside the control of management during the period in which the expense is incurred and in addition has not been measured consistently as a result of the implementation of FAS 123R; (c) the income from the sale of the product line is non-recurring and does not form part of the Company's core operations; (d) the exclusion of the related tax effects of excluding items (a) to (c) is necessary to show the effect on net income of the change in tax expense that would have been recorded if these items had not been incurred; (e) the effect of changes in exchange rates on deferred tax balances is non-cash and is not comparable across periods or with other companies.

Safe Harbor Statement

This press release contains forward-looking statements. These statements relate to future events or our future financial performance, including our projected revenue and fully diluted earnings per share data (on a GAAP and non-GAAP basis) for the third quarter. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward looking statements. Factors that might cause such a difference include our inability to compete successfully in the competitive and rapidly changing marketplace in which we operate, failure to retain key employees, cancellation or delay of projects and adverse general economic conditions in the United States and internationally. These risks and other factors include those listed under "Risk Factors" and elsewhere in our Annual Report on Form 20-F as filed with the Securities and Exchange Commission (File No. 000-50799). In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

About Xyratex

Xyratex is a leading provider of 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 an MBO from IBM, and with 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 LTD UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended, Six Months Ended May 31, May 31, May 31, May 31, 2008 2007 2008 2007 (US dollars in thousands, except per share amounts) Revenues: Networked Storage Solutions $232,594 $169,155 $420,370 $332,770 Storage Infrastructure 33,861 43,870 63,139 116,661 Total revenues 266,455 213,025 483,509 449,431 Cost of revenues 225,736 176,804 410,019 368,175 Gross profit: Networked Storage Solutions 32,632 24,275 60,231 46,561 Storage Infrastructure 8,420 12,273 13,946 35,267 Equity compensation (333) (327) (687) (572) Total gross profit 40,719 36,221 73,490 81,256 Operating expenses: Research and development 21,613 19,209 40,892 38,002 Selling, general and administrative 15,673 14,584 30,652 29,384 Amortization of intangible assets 1,158 1,651 2,537 3,302 Total operating expenses 38,444 35,444 74,081 70,688 Operating income (loss) 2,275 777 (591) 10,568 Other income - - - 890 Interest income, net 368 774 1,267 1,429 Income before income taxes 2,643 1,551 676 12,887 Provision (benefit) for income taxes 399 (450) 651 771 Net income $2,244 $2,001 $25 $12,116 Net earnings (loss) per share: Basic $0.08 $0.07 $0.00 $0.42 Diluted $0.07 $0.07 $0.00 $0.41 Weighted average common shares (in thousands), used in computing net earnings per share: Basic 29,242 28,955 29,184 28,900 Diluted 30,039 29,855 29,893 29,832 XYRATEX LTD UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS May 31, November 30, 2008 2007 (US dollars and amounts in thousands) ASSETS Current assets: Cash and cash equivalents $54,588 $70,678 Accounts receivable, net 145,272 122,327 Inventories 140,353 91,662 Prepaid expenses 3,278 2,994 Deferred income taxes 3,000 3,000 Other current assets 5,485 8,275 Total current assets 351,976 298,936 Property, plant and equipment, net 41,910 37,421 Intangible assets, net 52,904 54,175 Deferred income taxes 19,217 19,743 Total assets $466,007 $410,275 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $156,866 $96,046 Employee compensation and benefits payable 10,918 13,280 Deferred revenue 10,021 15,212 Income taxes payable 1,295 1,165 Other accrued liabilities 13,097 11,311 Total current liabilities 192,197 137,014 Long-term debt - - Total liabilities 192,197 137,014 Shareholders' equity Common shares of Xyratex Ltd (in thousands), par value $0.01 per share 70,000 authorized, 29,239 and 29,117 issued and outstanding 294 291 Additional paid-in capital 361,449 356,268 Accumulated other comprehensive income 288 1,847 Accumulated deficit (88,221) (85,145) Total shareholders' equity 273,810 273,261 Total liabilities and shareholders' equity $466,007 $410,275 XYRATEX LTD UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Six Months Ended May 31, May 31, 2008 2007 (US dollars in thousands) Cash flows from operating activities: Net income $25 $12,116 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 7,089 6,434 Amortization of intangible assets 2,537 3,302 Non-cash equity compensation 4,176 3,830 Changes in assets and liabilities, net of impact of acquisitions and divestitures Accounts receivable (22,945) 3,584 Inventories (48,691) 12,087 Prepaid expenses and other current assets 279 (2,685) Accounts payable 60,820 (4,245) Employee compensation and benefits payable (2,362) (5,629) Deferred revenue (5,191) (4,086) Income taxes payable 130 (45) Deferred income taxes (72) 139 Other accrued liabilities 1,784 (476) Net cash provided by (used in) operating activities (2,421) 24,326 Cash flows from investing activities: Investments in property, plant and equipment (11,578) (7,775) Acquisition of intangible assets - (4,855) Acquisition of business, net of cash received - (1,661) Net cash used in investing activities (11,578) (14,291) Cash flows from financing activities: Payments of long-term borrowings - (7,000) Repurchases of common shares (3,101) - Proceeds from issuance of shares 1,010 1,444 Net cash used in financing activities (2,091) (5,556) Change in cash and cash equivalents (16,090) 4,479 Cash and cash equivalents at beginning of period 70,678 56,921 Cash and cash equivalents at end of period $54,588 $61,400 XYRATEX LTD SUPPLEMENTAL INFORMATION Three Months Ended Six Months Ended Summary Reconciliation Of GAAP Net May 31, May 31, May 31, May 31, Income To Non-GAAP Net Income 2008 2007 2008 2007 (US dollars in (US dollars in thousands, except thousands, except per share amounts) per share amounts) GAAP net income $2,244 $2,001 $25 $12,116 Amortization of intangible assets 1,158 1,651 2,537 3,302 Equity compensation 1,976 2,170 4,176 3,830 Other income - - - (890) Tax effect of non-GAAP adjustments (900) (718) (1,973) (1,392) Effect on deferred tax of changes to UK exchange rates 82 - 544 - Non-GAAP net income $4,560 $5,104 $5,309 $16,966 Summary Reconciliation Of Diluted GAAP Earnings Per Share To Diluted Non-GAAP Earnings Per Share Diluted GAAP earnings per share $0.07 $0.07 $0.00 $0.41 Amortization of intangible assets 0.04 0.06 $0.09 0.11 Equity compensation 0.07 0.07 $0.14 0.13 Other income - - $0.00 (0.03) Tax effect of non-GAAP adjustments (0.03) (0.02) ($0.07) (0.05) Effect on deferred tax of changes to UK exchange rates 0.00 - $0.02 - Diluted non-GAAP earnings per share $0.15 $0.17 $0.18 $0.57 Summary Of Equity Compensation Cost of revenues $333 $327 $687 $572 Research and development 639 655 1,347 1,146 Selling, general and administrative 1,004 1,188 2,142 2,112 Total equity compensation $1,976 $2,170 $4,176 $3,830

Xyratex Ltd

CONTACT: Brad Driver, Xyratex Investor Relations, +1-408-325-7260,
bdriver@us.xyratex.com

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

Salesforce.com Announces Annual Shareholders Meeting to be Held in San Francisco on Thursday, July 10, 2008Event to be Webcast Live on salesforce.com's Investor Relations Website

SAN FRANCISCO, June 25 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service and Platform-as-a-Service, today announced the company's 2008 annual meeting of stockholders will be held on Thursday, July 10, 2008 at 2:00PM (PDT) / 5:00PM (EDT). The meeting is to be held at the Palace Hotel located on 2 New Montgomery Street, San Francisco, California 94105. The record date for the meeting was May 20, 2008, and only stockholders of record on that date are eligible to attend the meeting.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)

An audio webcast will be available to the public on salesforce.com's website at http://www.salesforce.com/investor.

About salesforce.com

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

As of April 30, 2008, salesforce.com manages customer information for approximately 43,600 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.

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

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com salesforce.com

CONTACT: Investor Relations, David Havlek, +1-415-536-2171,
dhavlek@salesforce.com, or Public Relations, Gordon Evans, +1-415-536-7608,
gevans@salesforce.com, both of salesforce.com

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

Oracle Reports Q4 GAAP EPS Up 27% to 39 Cents, Non-GAAP EPS Up 27% to 47 CentsQ4 Applications New License Revenues Up 36%, Q4 Technology New License Revenues Up 23%

REDWOOD SHORES, Calif., June 25 /PRNewswire-FirstCall/ -- Oracle Corporation today announced that fiscal 2008 Q4 GAAP earnings per share were up 27% to $0.39, compared to the same quarter last year. Fourth quarter GAAP revenues were up 24% to $7.2 billion, while quarterly GAAP net income was up 27% to $2.0 billion. Total GAAP software revenues were up 26% to $6.0 billion. GAAP new software license revenues were up 27% with database and middleware new license revenues up 23% and applications new license revenues up 36%. GAAP software license updates and product support revenues were up 25% to $2.8 billion. GAAP service revenues were up 18% to $1.3 billion.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)

Fourth quarter non-GAAP earnings per share were up 27% to $0.47, and non-GAAP net income was up 27% to $2.4 billion.

For fiscal year 2008, GAAP earnings per share were up 30% to $1.06. Fiscal year 2008 GAAP revenues were up 25% to $22.4 billion, while annual GAAP net income was up 29% to $5.5 billion. Total GAAP new software license revenues for the year were up 28% to $7.5 billion with database and middleware new license revenues up 24% and applications new license revenues up 38%. For the year, GAAP software license updates and product support revenues were up 24% to $10.3 billion. Annual GAAP service revenues were up 21% to $4.6 billion. GAAP operating margins were up nearly 200 basis points to 35% in FY08.

Fiscal year 2008 non-GAAP earnings per share were up 29% year over year to $1.30. Annual non-GAAP net income was up 28% to $6.8 billion compared to fiscal year 2007.

"Non-GAAP operating margins were up 200 basis points in FY08 to a record 43.0%," said President and CFO Safra Catz. "Non-GAAP earnings per share were up 29% for the year and non-GAAP EPS has tripled over the last five years. Oracle has delivered solid results year-after-year."

"Oracle's application new software license revenues grew 38% in FY08, while SAP's new software license revenues grew only 13% in their most recent fiscal year," said President Charles Phillips. "This is the third consecutive year we've taken applications market share from SAP."

"Four years ago we publicly announced a five year plan to deliver non-GAAP earnings per share at a compound annual growth rate of 20%," said Oracle CEO Larry Ellison. "During the past four years we exceeded our plan and delivered a non-GAAP EPS CAGR of over 26%."

Q4 Earnings Announcement

Oracle will hold a conference call and web broadcast today, June 25th, to discuss these results at 2:00 p.m. (PDT) / 5:00 p.m. (EDT). To access the live web broadcast of this event, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. Please hold down your control key while pressing refresh to ensure that the weblink is visible.

About Oracle

Oracle is the world's largest enterprise software company. For more information about Oracle, including supplemental financial information, please visit http://www.oracle.com/investor or call Investor Relations at (650) 506-4073.

Trademarks

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

"Safe Harbor" Statement: Statements in this press release relating to Oracle's future plans and prospects are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Economic, political and market conditions could adversely affect our revenue growth and profitability through reductions in IT budgets and expenditures. (2) We may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, unanticipated fluctuations in currency exchange rates, delays in delivery of new products or releases, or a decline in our renewal rates for software license updates and product support. (3) We cannot assure market acceptance of new products or services or new versions of existing or acquired products or services. (4) We have an active acquisition program and our acquisitions may not be successful, may involve unanticipated costs or other integration issues, or may disrupt our existing operations. (5) Periodic changes to our pricing model and sales organization could temporarily disrupt operations and cause a decline or delay in sales. (6) Intense competitive forces demand rapid technological advances and frequent new product introductions, and could require us to reduce prices or cause us to lose customers. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle's Investor Relations website at http://www.oracle.com/investor. All information set forth in this release is current as of June 25, 2008. Oracle undertakes no duty to update any statement in light of new information or future events.

ORACLE CORPORATION Q4 FISCAL 2008 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) Three Months Ended May 31, -------------------------------- %Increase in % of % of %Increase Constant 2008 Revenues 2007 Revenues in US $ Currency(1) ---------------------------------------------------------- REVENUES New software licenses $3,144 44% $2,481 43% 27% 20% Software license updates and product support 2,830 39% 2,272 39% 25% 18% --------------------------------- Software Revenues 5,974 83% 4,753 82% 26% 19% --------------------------------- Services 1,265 17% 1,075 18% 18% 12% --------------------------------- Total Revenues 7,239 100% 5,828 100% 24% 18% --------------------------------- OPERATING EXPENSES Sales and marketing 1,526 21% 1,275 22% 20% 13% Software license updates and product support 269 4% 229 4% 17% 11% Cost of services 1,072 15% 928 16% 15% 10% Research and development 733 10% 600 10% 22% 21% General and administrative 201 3% 190 3% 6% 3% Amortization of intangible assets 344 5% 255 5% 35% 35% Acquisition related and other 96 1% 74 1% 30% 30% Restructuring 27 0% (4) 0% 715% 688% -------------------------------- Total Operating Expenses 4,268 59% 3,547 61% 20% 16% -------------------------------- OPERATING INCOME 2,971 41% 2,281 39% 30% 20% Interest expense (130) (1%) (96) (1%) 35% 35% Non-operating income, net 101 1% 79 1% 29% 24% -------------------------------- INCOME BEFORE PROVISION FOR INCOME TAXES 2,942 41% 2,264 39% 30% 20% -------------------------------- Provision for income taxes 905 13% 660 11% 37% 34% -------------------------------- NET INCOME $2,037 28% $1,604 28% 27% 14% ================================= EARNINGS PER SHARE: Basic $0.40 $0.31 Diluted $0.39 $0.31 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic 5,150 5,122 Diluted 5,233 5,224 (1) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rate in effect on May 31, 2007, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. The United States dollar weakened relative to major international currencies in the three months ended May 31, 2008 compared with the corresponding prior year period, contributing 6 percentage points of revenue, 4 percentage points of operating expense and 10 percentage points of operating income growth. ORACLE CORPORATION Q4 FISCAL 2008 FINANCIAL RESULTS RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1) (in millions, except per share data) Three Months Ended May 31, % Increase in US $ ------------------------------------------------------- 2008 2007 2008 Non- 2007 Non- Non- GAAP Adj. GAAP GAAP Adj. GAAP GAAP GAAP ------------------------------------------------------- TOTAL REVENUES(2) $7,239 $42 $7,281 $5,828 $55 $5,883 24% 24% TOTAL SOFTWARE REVENUES(2) $5,974 $42 $6,016 $4,753 $55 $4,808 26% 25% New software licenses 3,144 - 3,144 2,481 - 2,481 27% 27% Software license updates and product support(2) 2,830 42 2,872 2,272 55 2,327 25% 23% TOTAL OPERATING EXPENSES $4,268 $(531) $3,737 $3,547 $(378) $3,169 20% 18% Stock-based compensation(3) 64 (64) - 53 (53) - 20% * Amortization of intangible assets(4) 344 (344) - 255 (255) - 35% * Acquisition related and other 96 (96) - 74 (74) - 30% * Restructuring 27 (27) - (4) 4 - 715% * OPERATING INCOME $2,971 $573 $3,544 $2,281 $433 $2,714 30% 31% OPERATING MARGIN % 41% 49% 39% 46% 5% 6% INCOME TAX EFFECTS ON ABOVE ADJUSTMENTS(5) $905 $176 $1,081 $660 $127 $787 37% 38% NET INCOME $2,037 $397 $2,434 $1,604 $306 $1,910 27% 27% DILUTED EARNINGS PER SHARE(6) $0.39 $0.47 $0.31 $0.37 27% 27% DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING(6) 5,233 (3) 5,230 5,224 6 5,230 0% 0% (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A. (2) As of May 31, 2008, approximately $205 million in estimated revenues related to assumed support contracts will not be recognized in fiscal 2009 due to business combination accounting rules. (3) Stock-based compensation is included in the following GAAP operating expense categories: Three Months Ended Three Months Ended May 31, 2008 May 31, 2007 ------------------ ---------------------------- GAAP Adj. Non-GAAP GAAP Adj. Non-GAAP ------------------------- ------------------------- Sales and marketing $13 $(13) $- $11 $(11) $- Software license updates and product support 2 (2) - 3 (3) - Cost of services 4 (4) - 4 (4) - Research and development 30 (30) - 21 (21) - General and administrative 15 (15) - 14 (14) - ------ ------ ------ ------ ------ ------ Subtotal 64 (64) - 53 (53) - ------ ------ ------ ------ ------ ------ Acquisition related and other 72 (72) - 8 (8) - ------ ------ ------ ------ ------ ------ Total stock-based compensation $136 $(136) $- $61 $(61) $- ====== ====== ====== ====== ====== ====== (4) Estimated future annual amortization expense related to intangible assets as of May 31, 2008 is as follows: Fiscal 2009 $1,660 Fiscal 2010 1,550 Fiscal 2011 1,266 Fiscal 2012 1,126 Fiscal 2013 962 Thereafter 1,831 ------- Total $8,395 ======= (5) The income tax provision was calculated reflecting an effective tax rate of 30.8% and 29.2% in the fourth quarter of fiscal 2008 and 2007, respectively. (6) Non-GAAP diluted earnings per share and non-GAAP diluted weighted average shares outstanding were calculated excluding the effects of expensing stock options under Statement 123(R). * Not meaningful ORACLE CORPORATION FISCAL 2008 YEAR TO DATE FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) Year Ended May 31, ----------------------- %Increase (Decrease) %Increase in % of % of (Decrease) Constant 2008 Revenues 2007 Revenues in US $ Currency(1) --------------------------------------------------------- REVENUES New software licenses $7,515 34% $5,882 33% 28% 21% Software license updates and product support 10,328 46% 8,329 46% 24% 18% --------------------------------- Software Revenues 17,843 80% 14,211 79% 26% 19% --------------------------------- Services 4,587 20% 3,785 21% 21% 15% --------------------------------- Total Revenues 22,430 100% 17,996 100% 25% 19% --------------------------------- OPERATING EXPENSES Sales and marketing 4,679 21% 3,907 22% 20% 14% Software license updates and product support 997 4% 842 5% 18% 13% Cost of services 3,984 18% 3,349 19% 19% 13% Research and development 2,741 12% 2,195 12% 25% 22% General and administrative 808 4% 692 4% 17% 12% Amortization of intangible assets 1,212 5% 878 5% 38% 38% Acquisition related and other(2) 124 1% 140 1% (11%) (12%) Restructuring 41 0% 19 0% 113% 95% --------------------------------- Total Operating Expenses 14,586 65% 12,022 67% 21% 17% --------------------------------- OPERATING INCOME 7,844 35% 5,974 33% 31% 22% Interest expense (394) (2%) (343) (2%) 15% 15% Non-operating income, net 384 2% 355 2% 8% 5% --------------------------------- INCOME BEFORE PROVISION FOR INCOME TAXES 7,834 35% 5,986 33% 31% 22% --------------------------------- Provision for income taxes 2,313 10% 1,712 9% 35% 32% --------------------------------- NET INCOME $5,521 25% $4,274 24% 29% 18% ================================= EARNINGS PER SHARE: Basic $1.08 $0.83 Diluted $1.06 $0.81 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic 5,133 5,170 Diluted 5,229 5,269 (1) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rate in effect on May 31, 2007, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. The United States dollar weakened relative to major international currencies in the year ended May 31, 2008 compared with the corresponding prior year period, contributing 6 percentage points of revenue, 4 percentage points of operating expense and 9 percentage points of operating income growth. (2) Acquisition related and other expenses for the year ended May 31, 2008 include a gain on property sale of $57 million. Acquisition related and other expenses for the year ended May 31, 2007 include a benefit of $52 million related to the settlement of a pre- acquisition lawsuit against PeopleSoft, Inc. Please see Appendix A for further discussion. ORACLE CORPORATION FISCAL 2008 YEAR TO DATE FINANCIAL RESULTS RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1) (in millions, except per share data) % Increase (Decrease) Year Ended May 31, in US $ ------------------------------------------------------- 2008 2007 2008 Non- 2007 Non- Non- GAAP Adj. GAAP GAAP Adj. GAAP GAAP GAAP ------------------------ ---------------------------------- TOTAL REVENUES(2) $22,430 $179 $22,609 $17,996 $212 $18,208 25% 24% TOTAL SOFTWARE REVENUES(2) $17,843 $179 $18,022 $14,211 $212 $14,423 26% 25% New software licenses 7,515 - 7,515 5,882 - 5,882 28% 28% Software license updates and product support(2) 10,328 179 10,507 8,329 212 8,541 24% 23% TOTAL OPERATING EXPENSES $14,586 $(1,634) $12,952 $12,022 $(1,235) $10,787 21% 20% Stock-based compen- sation(3) 257 (257) - 198 (198) - 30% * Amortization of intangible assets(4) 1,212 (1,212) - 878 (878) - 38% * Acquisition related and other 124 (124) - 140 (140) - (11%) * Restructuring 41 (41) - 19 (19) - 113% * OPERATING INCOME $7,844 $1,813 $9,657 $5,974 $1,447 $7,421 31% 30% OPERATING MARGIN % 35% 43% 33% 41% 5% 5% INCOME TAX EFFECTS ON ABOVE ADJUSTMENTS(5)$2,313 $535 $2,848 $1,712 $414 $2,126 35% 34% NET INCOME $5,521 $1,278 $6,799 $4,274 $1,033 $5,307 29% 28% DILUTED EARNINGS PER SHARE(6) $1.06 $1.30 $0.81 $1.01 30% 29% DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING(6) 5,229 1 5,230 5,269 8 5,277 (1%)(1%) (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A. (2) As of May 31, 2008, approximately $205 million in estimated revenues related to assumed support contracts will not be recognized in fiscal 2009 due to business combination accounting rules. (3) Stock-based compensation is included in the following GAAP operating expenses: Year Ended Year Ended May 31, 2008 May 31, 2007 ------------------------- ------------------------- GAAP Adj. Non-GAAP GAAP Adj. Non-GAAP ------------------------- ------------------------- Sales and marketing $51 $(51) $- $38 $(38) $- Software license updates and product support 10 (10) - 11 (11) - Cost of services 13 (13) - 15 (15) - Research and development 114 (114) - 85 (85) - General and administrative 69 (69) - 49 (49) - ------ ------ ------ ------ ------ ------ Subtotal 257 (257) - 198 (198) - ------ ------ ------ ------ ------ ------ Acquisition related and other 112 (112) - 9 (9) - ------ ------ ------ ------ ------ ------ Total stock-based compensation $369 $(369) $- $207 $(207) $- ====== ====== ====== ====== ====== ====== (4) Estimated future amortization expense related to intangible assets as of May 31, 2008 is as follows: Fiscal 2009 $1,660 Fiscal 2010 1,550 Fiscal 2011 1,266 Fiscal 2012 1,126 Fiscal 2013 962 Thereafter 1,831 ------ Total $8,395 ====== (5) The income tax provision was calculated reflecting a tax rate of 29.5% and 28.6% in the year ended May 31, 2008 and 2007, respectively. (6) Non-GAAP diluted earnings per share and non-GAAP diluted weighted average shares outstanding were calculated excluding the effects of expensing stock options under Statement 123(R). Separately, GAAP and Non-GAAP diluted earnings per share for the year ended May 31, 2004 were $0.50 and $0.51 per share, respectively. * Not meaningful ORACLE CORPORATION FISCAL 2008 FINANCIAL RESULTS CONDENSED CONSOLIDATED BALANCE SHEETS ($ in millions) May 31, May 31, 2008 2007 ------------------------ ASSETS Current Assets: Cash and cash equivalents $8,262 $6,218 Marketable securities 2,781 802 Trade receivables, net 5,127 4,074 Deferred tax assets 853 968 Other current assets 1,080 821 ------------------------ Total Current Assets 18,103 12,883 Non-Current Assets: Property, net 1,688 1,603 Intangible assets, net 8,395 5,964 Goodwill 17,991 13,479 Other assets 1,091 643 ------------------------ Total Non-Current Assets 29,165 21,689 ------------------------ TOTAL ASSETS $47,268 $34,572 ========================= LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Commercial paper and other current borrowings $1,001 $1,358 Accounts payable 383 315 Income taxes payable 390 1,237 Accrued compensation and related benefits 1,770 1,349 Accrued restructuring 308 201 Deferred revenues 4,492 3,492 Other current liabilities 1,685 1,435 ------------------------ Total Current Liabilities 10,029 9,387 Non-Current Liabilities: Notes payable, non-current and other non-current borrowings 10,235 6,235 Income taxes payable 1,566 - Deferred tax liabilities 1,218 1,121 Accrued restructuring 260 258 Deferred revenues 262 93 Other long-term liabilities 673 559 ------------------------ Total Non-Current Liabilities 14,214 8,266 Stockholders' Equity 23,025 16,919 ------------------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $47,268 $34,572 ========================= ORACLE CORPORATION FISCAL 2008 YEAR TO DATE FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ($ in millions) Year Ended May 31, ------------------------ 2008 2007 ------------------------ Cash Flows From Operating Activities: Net income $5,521 $4,274 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 268 249 Amortization of intangible assets 1,212 878 Deferred income taxes (135) (56) Minority interests in income 60 71 Stock-based compensation 369 207 Tax benefit on the exercise of stock options 588 338 Excess tax benefits from stock-based compensation (454) (259) In-process research and development 24 151 Other gains, net (66) (22) Changes in operating assets and liabilities, net of effects from acquisitions: Increase in trade receivables, net (661) (479) Increase in prepaid expenses and other assets (191) (153) Decrease in accounts payable and other liabilities (153) (345) Increase in income taxes payable 368 279 Increase in deferred revenues 652 387 ------------------------ Net cash provided by operating activities 7,402 5,520 ------------------------ Cash Flows From Investing Activities: Purchases of marketable securities and other investments (5,624) (5,405) Proceeds from maturities and sales of marketable securities and other investments 4,281 5,756 Acquisitions, net of cash acquired (7,643) (5,005) Capital expenditures (243) (319) Proceeds from sale of property 153 2 ------------------------ Net cash used for investing activities (9,076) (4,971) ------------------------ Cash Flows From Financing Activities: Payments for repurchases of common stock (2,023) (3,937) Proceeds from issuance of common stock 1,288 924 Proceeds from borrowings, net of financing costs 6,171 4,079 Payments of debt (2,560) (2,418) Excess tax benefits from stock-based compensation 454 259 Distributions to minority interests (49) (46) ------------------------ Net cash provided by (used for) financing activities 3,281 (1,139) ------------------------ Effect of exchange rate changes on cash and cash equivalents 437 149 ------------------------ Net increase (decrease) in cash and cash equivalents 2,044 (441) ------------------------ Cash and cash equivalents at beginning of period 6,218 6,659 ------------------------ Cash and cash equivalents at end of period $8,262 $6,218 ======================== ORACLE CORPORATION FISCAL 2008 FINANCIAL RESULTS FREE CASH FLOW - TRAILING 4-QUARTERS (1) ($ in millions) Fiscal 2007 Fiscal 2008 ------------------------------------------------------- Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 ------------------------------------------------------- GAAP Operating Cash Flow $4,706 $4,651 $4,984 $5,520 $6,598 $6,957 $7,322 $7,402 Capital Expenditures(2) (233) (256) (258) (319) (357) (369) (331) (243) ------------------------------------------------------- Free Cash Flow $4,473 $4,395 $4,726 $5,201 $6,241 $6,588 $6,991 $7,159 ======================================================= % Growth over prior year 32% 32% 29% 21% 40% 50% 48% 38% ------------------------------------------------------- GAAP Net Income $3,532 $3,702 $3,970 $4,274 $4,444 4,781 $5,088 $5,521 Free Cash Flow as a % of Net Income 127% 119% 119% 122% 140% 138% 137% 130% (1) To supplement our statements of cash flows presented on a GAAP basis, we use non-GAAP measures of cash flows on a trailing 4- quarter basis to analyze cash flow generated from operations. We believe free cash flow is also useful as one of the bases for comparing our performance with our competitors. The presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to net income as an indicator of our performance, or as an alternative to cash flows from operating activities as a measure of liquidity. (2) Represents capital expenditures as reported in cash flows from investing activities on our cash flow statements presented in accordance with GAAP. ORACLE CORPORATION FISCAL 2008 FINANCIAL RESULTS SUPPLEMENTAL ANALYSIS OF GAAP REVENUES AND HEADCOUNT (1) (in millions, except headcount data) Fiscal 2007 Q1 Q2 Q3 Q4 TOTAL REVENUES New software licenses $804 $1,207 $1,390 $2,481 $5,882 Software license updates and product support 1,941 2,007 2,108 2,272 8,329 -------------------------------------- Software Revenues 2,745 3,214 3,498 4,753 14,211 Consulting 640 716 694 819 2,869 On Demand 125 140 142 151 557 Education 81 93 80 105 359 -------------------------------------- Services Revenues 846 949 916 1,075 3,785 Total Revenues $3,591 $4,163 $4,414 $5,828 $17,996 ======================================= AS REPORTED REVENUE GROWTH RATES New software licenses 28% 14% 27% 17% 20% Software license updates and product support 29% 29% 24% 21% 25% Software Revenues 29% 23% 25% 19% 23% Consulting 33% 42% 38% 30% 35% On Demand 49% 61% 48% 16% 40% Education 13% 14% 8% 10% 11% Services Revenues 33% 41% 36% 26% 33% Total Revenues 30% 26% 27% 20% 25% CONSTANT CURRENCY GROWTH RATES New software licenses 26% 10% 23% 13% 17% Software license updates and product support 27% 25% 20% 17% 22% Software Revenues 27% 19% 21% 15% 20% Consulting 31% 37% 34% 24% 31% On Demand 47% 56% 43% 12% 37% Education 11% 11% 4% 6% 8% Services Revenues 31% 36% 32% 20% 29% Total Revenues 28% 23% 23% 16% 22% -------------------------------------- GEOGRAPHIC REVENUES REVENUES Americas $1,956 $2,170 $2,315 $3,018 $9,460 Europe, Middle East & Africa 1,140 1,422 1,484 1,992 6,037 Asia Pacific 495 571 615 818 2,499 -------------------------------------- Total Revenues $3,591 $4,163 $4,414 $5,828 $17,996 ======================================= HEADCOUNT (2) GEOGRAPHIC AREA Americas 26,798 27,444 27,873 29,830 Europe, Middle East & Africa 14,199 14,640 14,758 15,680 Asia Pacific 24,129 26,350 27,850 29,164 ------------------------------ Total Company 65,126 68,434 70,481 74,674 =============================== Fiscal 2008 Q1 Q2 Q3 Q4 TOTAL REVENUES New software licenses $1,087 $1,668 $1,616 $3,144 $7,515 Software license updates and product support 2,383 2,491 2,624 2,830 10,328 -------------------------------------- Software Revenues 3,470 4,159 4,240 5,974 17,843 Consulting 801 877 843 957 3,477 On Demand 158 167 174 194 694 Education 100 110 92 114 416 -------------------------------------- Services Revenues 1,059 1,154 1,109 1,265 4,587 Total Revenues $4,529 $5,313 $5,349 $7,239 $22,430 ======================================= AS REPORTED REVENUE GROWTH RATES New software licenses 35% 38% 16% 27% 28% Software license updates and product support 23% 24% 25% 25% 24% Software Revenues 26% 29% 21% 26% 26% Consulting 25% 23% 21% 17% 21% On Demand 27% 20% 23% 29% 25% Education 24% 17% 16% 9% 16% Services Revenues 25% 22% 21% 18% 21% Total Revenues 26% 28% 21% 24% 25% CONSTANT CURRENCY GROWTH RATES New software licenses 32% 31% 9% 20% 21% Software license updates and product support 19% 18% 18% 18% 18% Software Revenues 23% 23% 15% 19% 19% Consulting 20% 15% 14% 11% 15% On Demand 23% 15% 17% 23% 19% Education 20% 10% 9% 2% 10% Services Revenues 21% 15% 14% 12% 15% Total Revenues 22% 21% 15% 18% 19% -------------------------------------- GEOGRAPHIC REVENUES REVENUES Americas $2,375 $2,674 $2,707 $3,574 $11,330 Europe, Middle East & Africa 1,530 1,865 1,871 2,679 7,945 Asia Pacific 624 774 771 986 3,155 -------------------------------------- Total Revenues $4,529 $5,313 $5,349 $7,239 $22,430 ======================================= HEADCOUNT (2) GEOGRAPHIC AREA Americas 30,455 30,654 30,624 32,608 Europe, Middle East & Africa 15,985 16,140 16,383 17,110 Asia Pacific 31,212 32,855 33,212 34,515 ---------------------------- Total Company 77,652 79,649 80,219 84,233 ============================== (1) The sum of the quarterly financial information may vary from year- to-date financial information due to rounding. (2) Headcount has increased primarily due to our acquisitions. ORACLE CORPORATION FISCAL 2008 FINANCIAL RESULTS SUPPLEMENTAL TOTAL SOFTWARE PRODUCT REVENUE ANALYSIS (1) ($ in millions) Fiscal 2007 Q1 Q2 Q3 Q4 TOTAL APPLICATIONS REVENUES New software licenses $228 $340 $423 $726 $1,716 Software license updates and product support 703 728 769 832 3,032 ------------------------------------ Software Revenues $931 $1,068 $1,192 $1,558 $4,748 ====================================== AS REPORTED GROWTH RATES New software licenses 80% 28% 57% 13% 32% Software license updates and product support 51% 45% 27% 23% 35% Software Revenues 57% 39% 36% 18% 34% CONSTANT CURRENCY GROWTH RATES New software licenses 78% 25% 52% 10% 29% Software license updates and product support 49% 41% 23% 19% 32% Software Revenues 55% 35% 32% 15% 31% ------------------------------------ DATABASE & MIDDLEWARE REVENUES New software licenses $576 $867 $967 $1,755 $4,166 Software license updates and product support 1,238 1,279 1,339 1,440 5,297 ------------------------------------- Software Revenues $1,814 $2,146 $2,306 $3,195 $9,463 ====================================== AS REPORTED GROWTH RATES New software licenses 15% 9% 17% 18% 16% Software license updates and product support 19% 21% 22% 20% 21% Software Revenues 18% 16% 20% 19% 18% CONSTANT CURRENCY GROWTH RATES New software licenses 13% 5% 13% 15% 12% Software license updates and product support 18% 18% 19% 17% 18% Software Revenues 16% 13% 16% 16% 15% Fiscal 2008 Q1 Q2 Q3 Q4 TOTAL APPLICATIONS REVENUES New software licenses $376 $553 $451 $989 $2,369 Software license updates and product support 886 929 974 1,044 3,833 ------------------------------------ Software Revenues $1,262 $1,482 $1,425 $2,033 $6,202 ======================================= AS REPORTED GROWTH RATES New software licenses 65% 63% 7% 36% 38% Software license updates and product support 26% 28% 27% 25% 26% Software Revenues 36% 39% 20% 30% 31% CONSTANT CURRENCY GROWTH RATES New software licenses 61% 56% 2% 31% 33% Software license updates and product support 22% 21% 20% 19% 20% Software Revenues 32% 32% 14% 24% 25% ------------------------------------ DATABASE & MIDDLEWARE REVENUES New software licenses $711 $1,115 $1,165 $2,155 $5,146 Software license updates and product support 1,497 1,562 1,650 1,786 6,495 ------------------------------------ Software Revenues $2,208 $2,677 $2,815 $3,941 $11,641 ======================================= AS REPORTED GROWTH RATES New software licenses 23% 29% 20% 23% 24% Software license updates and product support 21% 22% 23% 24% 23% Software Revenues 22% 25% 22% 23% 23% CONSTANT CURRENCY GROWTH RATES New software licenses 20% 22% 13% 15% 17% Software license updates and product support 17% 16% 17% 17% 17% Software Revenues 18% 18% 15% 16% 17% (1) The sum of the quarterly financial information may vary from year-to-date financial information due to rounding. ORACLE CORPORATION FISCAL 2008 FINANCIAL RESULTS SUPPLEMENTAL GEOGRAPHIC NEW SOFTWARE LICENSE REVENUE ANALYSIS (1) (2) ($ in millions) Fiscal 2007 Q1 Q2 Q3 Q4 TOTAL AMERICAS Database & Middleware $232 $333 $383 $795 $1,743 Applications 126 195 250 415 986 ------------------------------------ New Software License Revenues $358 $528 $633 $1,210 $2,729 ==================================== AS REPORTED GROWTH RATES Database & Middleware 19% 2% 15% 20% 15% Applications 69% 19% 69% 5% 26% New Software License Revenues 33% 8% 31% 14% 19% CONSTANT CURRENCY GROWTH RATES Database & Middleware 18% 2% 15% 19% 14% Applications 69% 19% 69% 4% 26% New Software License Revenues 32% 7% 31% 13% 18% ------------------------------------ EUROPE / MIDDLE EAST / AFRICA Database & Middleware $184 $341 $363 $619 $1,507 Applications 69 101 124 224 518 ------------------------------------ New Software License Revenues $253 $442 $487 $843 $2,025 ==================================== AS REPORTED GROWTH RATES Database & Middleware 12% 21% 15% 20% 18% Applications 83% 35% 29% 42% 42% New Software License Revenues 25% 24% 18% 25% 23% CONSTANT CURRENCY GROWTH RATES Database & Middleware 8% 11% 6% 12% 10% Applications 78% 25% 19% 34% 33% New Software License Revenues 21% 14% 9% 18% 15% ------------------------------------ ASIA PACIFIC Database & Middleware $149 $185 $213 $322 $869 Applications 33 44 49 87 212 ------------------------------------ New Software License Revenues $182 $229 $262 $409 $1,081 ==================================== AS REPORTED GROWTH RATES Database & Middleware 12% 5% 26% 10% 13% Applications 126% 58% 89% (1%) 36% New Software License Revenues 23% 12% 34% 8% 17% CONSTANT CURRENCY GROWTH RATES Database & Middleware 13% 2% 24% 7% 11% Applications 124% 53% 83% (4%) 33% New Software License Revenues 24% 9% 32% 5% 15% ------------------------------------ TOTAL COMPANY Database & Middleware $565 $859 $959 $1,736 $4,119 Applications 228 340 423 726 1,716 ------------------------------------ New Software License Revenues $793 $1,199 $1,382 $2,462 $5,835 ==================================== AS REPORTED GROWTH RATES Database & Middleware 15% 9% 17% 18% 15% Applications 80% 28% 57% 13% 32% New Software License Revenues 28% 14% 27% 17% 20% CONSTANT CURRENCY GROWTH RATES Database & Middleware 13% 5% 13% 14% 12% Applications 78% 25% 52% 10% 29% New Software License Revenues 27% 10% 23% 13% 16% Fiscal 2008 Q1 Q2 Q3 Q4 TOTAL AMERICAS Database & Middleware $286 $438 $476 $919 $2,119 Applications 199 306 252 552 1,310 ------------------------------------ New Software License Revenues $485 $744 $728 $1,471 $3,429 ==================================== AS REPORTED GROWTH RATES Database & Middleware 23% 32% 24% 16% 22% Applications 58% 57% 1% 33% 33% New Software License Revenues 35% 41% 15% 22% 26% CONSTANT CURRENCY GROWTH RATES Database & Middleware 22% 29% 21% 13% 19% Applications 57% 54% (1%) 32% 31% New Software License Revenues 34% 38% 12% 20% 23% ------------------------------------ EUROPE / MIDDLE EAST / AFRICA Database & Middleware $253 $420 $446 $881 $2,000 Applications 123 174 141 317 755 ------------------------------------ New Software License Revenues $376 $594 $587 $1,198 $2,755 ==================================== AS REPORTED GROWTH RATES Database & Middleware 38% 23% 23% 42% 33% Applications 77% 72% 14% 41% 46% New Software License Revenues 49% 34% 21% 42% 36% CONSTANT CURRENCY GROWTH RATES Database & Middleware 30% 12% 11% 27% 20% Applications 69% 58% 6% 31% 35% New Software License Revenues 41% 23% 10% 28% 24% ------------------------------------ ASIA PACIFIC Database & Middleware $155 $244 $231 $341 $971 Applications 54 73 58 120 304 ------------------------------------ New Software License Revenues $209 $317 $289 $461 $1,275 ==================================== AS REPORTED GROWTH RATES Database & Middleware 4% 32% 8% 6% 12% Applications 67% 66% 18% 37% 43% New Software License Revenues 15% 39% 10% 13% 18% CONSTANT CURRENCY GROWTH RATES Database & Middleware 1% 26% 0% (1%) 5% Applications 60% 57% 5% 27% 33% New Software License Revenues 12% 32% 1% 5% 11% ------------------------------------ TOTAL COMPANY Database & Middleware $694 $1,102 $1,153 $2,141 $5,090 Applications 376 553 451 989 2,369 ------------------------------------ New Software License Revenues $1,070 $1,655 $1,604 $3,130 $7,459 ==================================== AS REPORTED GROWTH RATES Database & Middleware 23% 28% 20% 23% 24% Applications 65% 63% 7% 36% 38% New Software License Revenues 35% 38% 16% 27% 28% CONSTANT CURRENCY GROWTH RATES Database & Middleware 19% 21% 12% 16% 17% Applications 61% 56% 2% 31% 33% New Software License Revenues 31% 31% 9% 20% 21% (1) The sum of the quarterly financial information may vary from year-to- date financial information due to rounding. (2) New Software License Revenues presented exclude documentation and miscellaneous revenues. APPENDIX A ORACLE CORPORATION FISCAL 2008 FINANCIAL RESULTS EXPLANATION OF NON-GAAP MEASURES

To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude certain business combination accounting entries and expenses related to acquisitions, as well as other significant expenses including stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non- GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on these non-GAAP measures. Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects:

-- Support deferred revenue: Business combination accounting rules require us to account for the fair value of support contracts assumed in connection with our acquisitions. Because these are typically one-year contracts, our GAAP revenues for the one year period subsequent to our acquisition of a business do not reflect the full amount of software license updates and product support revenues on assumed support contracts that would have otherwise been recorded by the acquired entity. The non-GAAP adjustment is intended to reflect the full amount of such revenues. We believe this adjustment is useful to investors as a measure of the ongoing performance of our business because we have historically experienced high renewal rates on support contracts, although we cannot be certain that customers will renew these contracts.

-- Stock-based compensation expenses: We have excluded the effect of stock-based compensation expenses from our non-GAAP operating expenses and net income measures. Although stock-based compensation is a key incentive offered to our employees, and we believe such compensation contributed to the revenues earned during the periods presented and also believe it will contribute to the generation of future period revenues, we continue to evaluate our business performance excluding stock-based compensation expenses. Stock-based compensation expenses will recur in future periods.

-- Amortization of intangible assets expenses: We have excluded the effect of amortization of intangibles expenses from our non-GAAP operating expenses and net income measures. Amortization of intangible assets expenses is inconsistent in amount and frequency and is significantly affected by the timing and size of our acquisitions. Investors should note that the use of intangible assets contributed to revenues earned during the periods presented and will contribute to future period revenues as well. Amortization expenses will recur in future periods.

-- Acquisition related and other expenses, and restructuring expenses: We incurred significant expenses in connection with our acquisitions and also incurred certain other operating expenses or income, which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. Acquisition related and other expenses primarily consist of in-process research and development expenses, personnel related costs for transitional employees, stock-based compensation expenses (in addition to the stock-based compensation expenses described above), integration related professional services, certain business combination contingency adjustments after the purchase price allocation period has ended, and certain other operating expenses or income, net. Substantially all of the stock-based compensation expenses included in acquisition related and other expenses primarily resulted from unvested options assumed in acquisitions whose vesting was fully accelerated upon termination of the employees pursuant to the original terms of those options. Restructuring expenses consist of Oracle employee severance and other exit costs. We believe it is useful for investors to understand the effect of these items on our total operating expenses. Although acquisition related expenses and restructuring expenses are not recurring with respect to past acquisitions, we will incur these expenses in connection with any future acquisitions.

For the year ended May 31, 2008, acquisition related and other expenses include a gain on property sale of $57 million. For the year ended May 31, 2007, acquisition related and other expenses included a $52 million benefit related to the settlement of a lawsuit filed against PeopleSoft, Inc. on behalf of the U.S. government. This lawsuit was filed in October 2003, prior to our acquisition of PeopleSoft and represented a pre-acquisition contingency that we identified and assumed in connection with our acquisition of PeopleSoft. In October 2006, we agreed to pay the U.S. government $98 million to settle this lawsuit. Since the purchase price allocation period for PeopleSoft ended in the third quarter of fiscal 2006, the favorable difference of $52 million between the estimated exposure recorded for this lawsuit during the purchase price allocation period and the actual settlement amount has been included in our consolidated statement of operations for the year ended May 31, 2007 as a component of acquisition related and other expenses.

Photo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com Oracle Corporation

CONTACT: Roy Lobo, Investor Relations, +1-650-506-4073,
investor_us@oracle.com, or Deborah Hellinger, Corporate Communications,
+1-650-506-5834, deborah.hellinger@oracle.com, both of Oracle

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

Ingram Micro to Release Second Quarter 2008 Results on July 24

SANTA ANA, Calif., June 25 /PRNewswire-FirstCall/ -- Ingram Micro Inc. will release second quarter financial results, which will end on June 28, 2008, after the market closes on Thursday, July 24, 2008. A conference call with executive management will be held at 5 p.m. ET (2 p.m. PT) on that day.

Who: Ingram Micro Inc. Executive Management What: Second quarter 2008 results -- conference call and presentation slides When: Thursday, July 24, at 5 p.m. ET (2 p.m. PT) How: Visit the company's Web site at http://www.ingrammicro.com/ (Investor Relations section) or call (888) 455-0750 (toll-free) or (210) 839-8501 (outside the United States or Canada). The call password is "Ingram Micro." Accompanying presentation slides also will be available at http://www.ingrammicro.com/ (Investor Relations section).

The conference call will be recorded and available after 7 p.m. ET on Thursday, July 24, for approximately one week. You may listen to the recording by calling (800) 678-3180. If you are outside the United States or Canada, call (402) 220-3063. An audio file of the conference call and the presentation slides also will be available on the Investor Relations Overview page of the Ingram Micro Web site located at http://www.ingrammicro.com/ for approximately one week.

About Ingram Micro Inc.

As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves more than 150 countries and is the only global IT distributor with operations in Asia. Visit http://www.ingrammicro.com/.

Ingram Micro Inc.

CONTACT: Investors, Ria Marie Carlson, +1-714-382-4400,
ria.carlson@ingrammicro.com, or Kay Leyba, +1-714-382-4175,
kay.leyba@ingrammicro.com, or Media, Marie Connell, +1-714-382-2009,
marie.connell@ingrammicro.com, or Rekha Parthasarathy, +1-714-382-1319,
rekha@ingrammicro.com, all of Ingram Micro Inc.

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

ShengdaTech Announces Exercise of Over-Allotment Option for an Additional $15 Million of 6.00% Convertible Senior Notes Due 2018

TAIAN CITY, Shandong, China, June 25 /Xinhua-PRNewswire-FirstCall/ -- ShengdaTech Inc. ("ShengdaTech" or "the Company") a leading manufacturer of nano precipitated calcium carbonate (NPCC) in the People's Republic of China (PRC) and a major manufacturer of coal-based chemical products in Tai'an City, Shandong Province, PRC, today announced that the underwriters of ShengdaTech's recent senior convertible notes offering exercised in full their over-allotment option for $15 million of its 6.00% Convertible Senior Notes due 2018. A 30-day option was granted to purchase up to an additional $15.0 million of senior convertible notes.

The Senior Notes of ShengdaTech bear interest at 6.0 % per annum payable semiannually. The notes will mature on June 1, 2018, and will be convertible into shares of ShengdaTech's common stock at terms and a conversion rate of 100.6036 per $1,000 principal amount of the notes (which represents a conversion price of approximately $9.94 per share). The Company intends to use the proceeds from the notes for expansion of its NPCC production capacity, for its planned coal-based chemical acquisition, and for funding its working capital requirements.

The convertible senior notes and ShengdaTech's common shares issuable upon conversion of the notes will not be registered under the United States Securities Act of 1933, as amended (the ''Securities Act'') or the securities laws of any other jurisdiction. ShengdaTech will be obligated to file a shelf registration statement under the Securities Act for resale of the notes and the common shares issuable upon conversion if the notes and common shares issuable upon conversion are not eligible for sale under Rule 144A of the Securities Act beginning 180 days after issuance. Unless they are registered, these notes may be offered or sold only in transactions that are exempt from registration under the Securities Act and the securities laws of any other jurisdiction.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the notes will be made only by means of a private offering memorandum.

About ShengdaTech, Inc.

ShengdaTech Inc. ("the Company") is engaged in the business of manufacturing, marketing and selling nano precipitated calcium carbonate ("NPCC") and coal-based chemicals for use in various applications. The Company converts limestone into NPCC using proprietary technology. The unique chemical and physical attributes make NPCC a valuable ingredient in tires, paints, polyvinyl chloride ("PVC") building materials and other products. NPCC enhances the durability of many products by increasing strength, heat resistance, and dimension stabilization. The Company is also engaged in the manufacture and sale of coal-based chemical products, namely ammonium bicarbonate, liquid ammonia, methanol and melamine. The Company markets and sells its coal based chemical products mainly for chemical fertilizers and raw materials in the production of organic and inorganic chemical products, including formaldehyde and pesticides. For more information, contact CCG Elite directly or go to ShengdaTech's website at http://www.shengdatechinc.com/ .

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as the ability of the Company to complete the acquisition and relocate its coal based chemical operations, unanticipated changes in product demand especially in the PVC, polyethylene, and paper industry, changes in composition of these industries, ability to attract new customers, ability to increase our product's applications, ability of our customers to sell products, cost of raw material, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission.

For more information, please contact: Crocker Coulson, President CCG Elite Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Web: http://www.ccgelite.com/

ShengdaTech, Inc.

CONTACT: Crocker Coulson, President of CCG Elite, +1-646-213-1915, or
crocker.coulson@ccgir.com

Web site: http://www.shengdatechinc.com/
http://www.ccgelite.com/

IDC EMEA Report Finds That SEPA Fatigue Leaves Banks in LimboResearch indicates innovation is key to off-setting compliance costs

LONDON, June 25 /PRNewswire-FirstCall/ -- An IDC report on the Single European Payments Area (SEPA) compliance efforts across Europe has found that 'SEPA fatigue' is starting to emerge across the financial services community, leading to increasing risk of procrastination. According to the new report sponsored by Informatica Corporation , the leading independent provider of data integration software and services and by Atos Origin, banks are warned that unless they are innovative and seek to provide value-added services to customers that leverage the SEPA infrastructure, they will fail to generate return on their investment.

The first stage of SEPA went live in January 2008, but European banks must still comply with the Payment Services Directive (PSD) and SEPA Direct Debits (SDDs). One of the biggest challenges faced is dealing with a complex system of 'disparate parts' across multiple formats, which isn't scaleable as the industry becomes increasingly globalized. Banks therefore need to strike a balance between spending less on processes but at the same time enhancing them. A key enabler to achieving this objective is the effective management of the data that sits across these platforms.

"With all the regulation that banks have had to comply with over the past 10 years it's not surprising that we're seeing the emergence of SEPA fatigue, especially among the middle tier banks which have fewer resources available to adapt their systems to the required changes. It is imperative that the harmonization of payment systems across Europe is seen as a long-term investment that can be used as a platform to generate future revenue. For example, centralizing payment flows will result in more transparency into customer transactions, which in turn will enable new opportunities to be identified. In order to make this a reality banks must effectively address data challenges. If they can't then their SEPA compliance efforts will be akin to building a two legged stool," said Rachel Hunt, European Banking Research Manager, Financial Insights an IDC company.

Whilst SEPA compliance may be daunting and costly to many mid-tier banks, it will have its advantages in enabling them to extend their value add services to customers. The European Commission is currently working on standards for mobile banking as well as common European Electronic Invoicing (EEI) framework, offering banks a long-term strategy for generating ROI. It will be those banks that establish best practices for data integration and data quality across multiple sources that will be best placed to take commercial advantage of these developments.

"At the moment banks are concerned about the drain that processing payments has on their profitability, but with the right platform in place they can reverse the situation and make payments commercially beneficial," said Chris Boorman, chief marketing officer, Informatica. "Those that make SEPA compliance part of their business strategy can leverage market opportunities and eradicate budgetary inefficiencies common with regulatory projects. Additionally, it is the banks that provide the lowest cost service and in the most efficient way that will emerge as the market leaders in the coming years. Those who fail to invest now risk being priced out of the market."

"Data integration is an obvious area for ensuring the smooth transition of payments, but it shouldn't be considered in isolation. Banks of all sizes have to support a growing number of standards as the industry becomes more international -- that means establishing best practices now to minimize the pain at a later date. Also, the financial impact of sub-prime and recent fraud cases highlight the importance of tightening risk management systems to reduce business risk and target fraud," added Boorman.

"Whilst the first stage of SEPA compliance passed relatively unnoticed, the second stage is a huge undertaking for banks and for the mid-tier organizations especially as it is a daunting prospect. Survival in the financial services industry is about the ability to innovate. Those organizations that move away from the traditional model of simply throwing people at a process and look at how they can be automated will undoubtedly be the 'SEPA Winners'," said Joe Edwards, senior vice president, Sales and Marketing , Atos Origin.

The IDC report entitled, Getting The Value Out Of Payment Infrastructures: Leveraging SEPA, is available for download by logging onto: http://www.informatica.com/info/sepawpq208. The research was conducted during April 2008 and IDC consulted with the majority of financial service organizations across EMEA.

About Informatica

Informatica Corporation is the leading independent provider of enterprise data integration software and services. With Informatica, organizations can gain greater business value by integrating all their information assets from across the enterprise. More than 3,200 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of varying complexity and scale. For more information, call +1 650 385 5000 (1 800 653 9871 in the U.S.), or visit http://www.informatica.com/.

About Atos Orgin

Atos Origin is an international information technology services company. Its business is turning client vision into results through the application of Consulting, Systems Integration and Managed Operations. The Company's annual revenue is EUR 5.8 billion and it employs 50,000 professionals in 40 countries. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international blue-chip companies across all sectors. For more information visit http://www.atosorigin.com/.

About Financial Insights, an IDC Company

Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Our global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Our local practices in Asia Pacific, Europe, Latin America and Canada add an in-depth regional viewpoint. Financial Insights, an IDC company, is headquartered in Framingham, Massachusetts, USA. IDC is a subsidiary of IDG, the world's leading IT media, research, and exposition company.

Note: Informatica is a registered trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.

Informatica Corporation

CONTACT: Deborah Wiltshire of Informatica Corporation, +1-650-385-5360,
cell, +1-650-862-8186, dwiltshire@informatica.com; or Donna Lyon of Text 100,
+1-415-593-8478, cell, +1-650-248-1587, informatica@text100.com; or Caroline
Crouch of Atos Origin, caroline.crouch@atosorigin.com, both for Informatica
Corporation

Web site: http://www.informatica.com/
http://www.atosorigin.com/

LOREX Launches Integrated Multifunctional Digital Surveillance Solution for BusinessesThe All-in-One Professional Digital Surveillance Recording System from LOREX integrates advanced security and innovative design in a single, multi-function platform

TORONTO, June 25 /PRNewswire/ -- LOREX(TM) Technology Inc. (TSX: LOX), a global leader in advanced video security products for professional and residential applications, today announced the availability of its new, All-in-One Professional Digital Surveillance Recording System (model L20WD800), consisting of a sleek 20" widescreen LCD monitor, a built-in high-capacity digital video recorder (DVR) and four, weatherproof day/night color cameras.

The L20WD800 is the first system of its kind to offer a professional solution designed for surveillance that also works as a PC monitor, a digital picture frame and a video display for TV and DVD viewing, with unique picture-in-picture and covert security modes.

LOREX designed the L20WD800 to be robust and reliable for commercial use, yet simple enough for business owners to use and install, with features that allow any user to easily connect, see and protect what matters. The L20WD800 provides simultaneous live view surveillance, real-time recording and playback of video footage. It also offers e-mail alerts triggered by motion for users to be kept abreast of events taking place at their business location. Management is easy as every aspect of configuration can be controlled from any authorized Internet connection. The system is scalable, thanks to advanced remote software that allows users to control multiple systems in different locations from anywhere in the world.

In addition to advanced security, the system boasts an eye-catching, multifunctional monitor that provides multiple solutions for business and retail users. Full-color digital still or video advertising and promotional messages can be displayed and refreshed automatically with no interference to the surveillance setup. The attractive system could replace a PC monitor in a reception area or be placed where customers can see the active multi-camera surveillance system at work.

"Our product line gives both businesses and savvy home-owners peace of mind by allowing them to watch over their property regardless of their physical location," said Henry Schnurbach, Chairman & CEO. "We have taken this system a step further by adding multifunctional capabilities, providing practical, intuitive applications for a wide range of business and home uses at the best value."

The heart of the L20WD800 is its integrated DVR and reliable 320GB security-certified hard drive backed by a five-year limited warranty. It includes four durable high-resolution weatherproof day/night cameras and is expandable up to eight wired or wireless cameras. Cameras can be set to record continuously, at intervals or when motion is detected. The system also offers USB connectivity to support additional backup devices for storing and transferring critical data.

Installation is made easy with the use of a video tutorial which can be viewed directly on the system in addition to a graphical quick start guide, toll free access to the LOREX technical hotline and extensive on-line resources at http://www.lorexcctv.com/.

The L20WD800 is currently available nationwide at most Costco Wholesale locations and other LOREX retailers and dealers.

About LOREX Technology Inc.:

LOREX Technology Inc. (TSX: LOX) global brands empower consumers and professionals with leading-edge security video solutions delivering advanced technology and innovative performance.

LOREX Technology Inc.

CONTACT: Bill Pavlou, +1-215-867-8600 ext. 216,
bpavlou@garfieldgroup.com, for LOREX Technology Inc.

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

MICROS To Present at Wachovia Securities 18th Annual Nantucket Equity Conference

COLUMBIA, Md., June 25 /PRNewswire-FirstCall/ -- MICROS Systems, Inc. , a leading supplier of information systems to the hospitality and retail industries, today announced that its Executive Vice President of Investor Relations, Peter J. Rogers, Jr., will present at the Wachovia Securities 18th Annual Nantucket Equity Conference being held from Monday, June 23, 2008 to Thursday, June 26, 2008.

Mr. Rogers's presentation about MICROS is scheduled from 8:30 am to 8:55 am, Eastern Daylight time, on Thursday, June 26, 2008. The presentation is being webcast with a web address of http://www.wsw.com/webcast/wa50/mcrs/. MICROS's investors and other interested parties who are not attending the conference are invited to listen to the presentation via the webcast. The webcast will be available for 90 days after the presentation.

About MICROS Systems, Inc.

MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 310,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, leisure and entertainment, and retail operations in more than 130 countries, and on all seven continents. In addition, MICROS provides property management systems, central reservation and customer information solutions under the brand MICROS-Fidelio for more than 21,000 hotels worldwide, as well as point- of-sale and loss prevention products through its subsidiary Datavantage for more than 90,000 specialty retail stores worldwide.

MICROS stock is traded through NASDAQ under the symbol MCRS. Additional information about MICROS can be obtained by calling Peter J. Rogers, Jr., MICROS Executive Vice President of Investor Relations at 443.285.8059.

The MICROS logo is a registered trademark of MICROS Systems, Inc.

MICROS Systems, Inc.

CONTACT: Peter J. Rogers, Jr., Executive Vice President, Investor
Relations, +1-443-285-8059, progers@micros.com

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

Default Judgment and Permanent Injunction Against RMG Technologies, Inc. Entered in U.S. District CourtRuling a major win for consumer protection and fan access to live entertainment

WEST HOLLYWOOD, Calif., June 25 /PRNewswire/ --

-- Ticketmaster today announced a default judgment and permanent injunction has been entered by the U.S. District Court for the Central District of California against RMG Technologies, Inc. (RMG). -- The Court's ruling was entered on June 19, 2008. -- Ticketmaster earlier was granted a preliminary injunction in October 2007 based on evidence that RMG-developed software allowed brokers to improperly access Ticketmaster's web site, and was violating Ticketmaster's terms of use and intellectual property rights. -- Consumers are the real winners in this action. Ticketmaster has repeatedly stressed its commitment to protecting fans' access to tickets and making the distribution of tickets as fair and equitable as possible. -- The Court ruled that RMG created, trafficked in, and facilitated the use of computing programs or other automated devices designed to circumvent the technological copy protections systems of Ticketmaster.com -- The Court's judgment included an award of $18,237,200.00 to Ticketmaster for profits RMG wrongfully earned through infringement of Ticketmaster's copyrights, inducement to breach contract and intentional interference with contractual relations, plus an award of attorneys fees. -- The damage award isn't expected to impact Ticketmaster's second quarter 2008 earnings.

"This is a big win for fans of live entertainment as well as for Ticketmaster," said Edward Weiss, Ticketmaster executive vice president and general counsel. "Consumers understand that there often simply are not enough tickets to meet demand, but RMG's technology was used by some to unfairly cut to the front of the line. Ticketmaster will continue to fight for an equitable ticket distribution process."

Related Links http://www.ticketmaster.com/ United States District Court Central District of California (http://www.cacd.uscourts.gov/) About Ticketmaster

As the world's leading live entertainment ticketing and marketing company, Ticketmaster connects the world to live entertainment. Ticketmaster operates in 20 global markets, providing ticket sales, ticket resale services, marketing and distribution through http://www.ticketmaster.com/, one of the largest e-commerce sites on the Internet; approximately 6,700 retail outlets; and 21 worldwide call centers. Established in 1976, Ticketmaster serves more than 10,000 clients worldwide across multiple event categories, providing exclusive ticketing services for leading arenas, stadiums, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. In 2007, the company sold more than 141 million tickets valued at over $8.3 billion on behalf of its clients. Ticketmaster is headquartered in West Hollywood, California and is an operating business of IAC .

Ticketmaster

CONTACT: Albert Lopez of Ticketmaster, +1-310-360-2602,
Albert.Lopez@Ticketmaster.com

Web site: http://www.ticketmaster.com/
http://www.cacd.uscourts.gov/
http://www.ticketmaster.com/h/management.html
http://iac.com/

Tronox Announces Increases in Titanium Dioxide Prices in Eastern Europe, Africa and the Middle East

OKLAHOMA CITY, June 25 /PRNewswire-FirstCall/ -- Tronox Incorporated , on behalf of its subsidiary companies, today announced that prices for all TRONOX(R) titanium dioxide (TiO2) grades sold in Eastern Europe, Africa and the Middle East will increase by US$200 per tonne, effective Aug. 1, 2008, or as contracts allow. Other increases may be announced locally within each region.

This increase is in addition to the price increases announced in October 2007, March 2008 and June 6, 2008, and is the next step toward partially offsetting the extraordinary increases in freight, energy and other input costs that the TiO2 industry has absorbed over the last two years.

Tronox has and will continue to focus on increasing the efficiency and productivity of its facilities; however, these increases are required to ensure the industry can profitably reinvest in the business to meet customers' needs in the future.

Headquartered in Oklahoma City, Tronox is the world's third-largest producer and marketer of titanium dioxide pigment, with an annual production capacity of 642,000 tonnes. Titanium dioxide pigment is an inorganic white pigment used in paint, coatings, plastics, paper and many other everyday products. The company's five pigment plants, which are located in the United States, Australia, Germany and the Netherlands, supply high-performance products to approximately 1,100 customers in 100 countries. In addition, Tronox produces electrolytic products, including sodium chlorate, electrolytic manganese dioxide, boron trichloride, elemental boron and lithium manganese oxide. For information on Tronox, visit http://www.tronox.com/.

Forward-Looking Statements: Some information in this news release regarding the company's or management's intentions, beliefs or expectations, or that otherwise speak to future events, are "forward-looking statements" within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include those statements preceded by, followed by or that otherwise include the words "believes," "will," "expects," "anticipates," "intends," "estimates," "projects," "target," "budget," "goal," "plans," "objective," "outlook," "should," or similar words. Future results and developments discussed in these statements may be affected by numerous factors and risks, such as the accuracy of the assumptions that underlie the statements, the market value of Tronox's products, demand for consumer products for which Tronox's businesses supply raw materials, the financial resources of competitors, the market for debt and/or equity financing, changes in laws and regulations, the ability to respond to challenges in international markets, changes in currency exchange rates, political or economic conditions in areas where Tronox operates, trade and regulatory matters, general economic conditions, and other factors and risks identified in the Risk Factors Section of Tronox's Annual Report on Form 10-K for the year ended December 31, 2007, and subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission (SEC), and other SEC filings. Actual results and developments may differ materially from those expressed or implied in this news release. The company does not undertake to update forward- looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made. Investors are urged to consider closely the disclosures and risk factors in Tronox's Annual Report on Form 10-K for the year ended December 31, 2007, available on Tronox's website, http://www.tronox.com/. This also can be obtained from the SEC by calling 1-800-SEC-0330.

Media Contact: Debbie Schramm Direct: 405-775-5177 Cell: 405-830-6937 debbie.schramm@tronox.com Investor Contact: Robert Gibney Direct: 405-775-5105 robert.gibney@tronox.com

Photo: http://www.newscom.com/cgi-bin/prnh/20051118/TRONOXLOGO-a
http://www.newscom.com/cgi-bin/prnh/20051118/TRONOX-b
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Tronox Incorporated

CONTACT: Debbie Schramm, +1-405-775-5177, cell, +1-405-830-6937,
debbie.schramm@tronox.com, or investors, Robert Gibney, +1-405-775-5105,
robert.gibney@tronox.com, both of Tronox Incorporated

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

VoiceNetworkx Announces Pilot Test of 'Conectame' Residential VoIP Services in the Hispanic Market of Southern California

HEMET, Calif., June 25 /PRNewswire-FirstCall/ -- VoiceNetworkx, Inc. (Pink Sheets: VNWX) (http://www.voicenetworkx.com/) today announced the beginning of their pilot test for the "Conectame" Residential VoIP service offering directed at the Hispanic markets. The primary offering of the service will be to consumers with friends and family in Mexico.

VoiceNetworkx' VoIP service test will provide consumers with DID's in the US and in specific local markets in Mexico. "The consumers will be able to reach friends and family in Mexico through our VoIP service with plans that begin at $59.00 per month with unlimited calls. Additional services include multiple DID's in Mexico and US cities as to facilitate calls from Mexico to the residential subscriber in the US," reported Erika Alvarez, Program Manager at VoiceNetworkx.

This portion of the test also includes direct dialing from US mobile subscribers by directing a US/local DID to a predetermined number in Mexico. This service has a very strong appeal since many families do not have a landline due to credit restrictions and other issues. Subscribing to this service from VoiceNetworkx will allow them to reach their family in Mexico from any cellular phone and bypassing the traditional but more expensive calling card services.

It is estimated that 2 billion calls per month originate in the US with Mexico as a destination. VoiceNetworkx is positioning itself to seize the opportunity this untapped market presents in Southern California.

VoiceNetworkx, Inc.

CONTACT: Value Advisors, +1-954-937-3696, for VoiceNetworkx, Inc.

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

Pratt & Whitney Rocketdyne Wins $2.2 Million Contract Option for Solar Thermal Propulsion Rocket Engine

CANOGA PARK, Calif., June 25 /PRNewswire/ -- The United States Defense Advanced Research Projects Agency (DARPA) has awarded Pratt & Whitney Rocketdyne a $2.2 million contract for the fabrication and ground test of a Solar Thermal Propulsion rocket engine. This contract extends the current High Delta-V Experiment Program (HiDVE) another six months and follows a successful critical design review last March. Pratt & Whitney Rocketdyne is a United Technologies Corp. company.

The Solar Thermal Propulsion engine encompasses an innovative new technology that allows it to use less fuel by harnessing the sun's energy. This gives the satellite greater ability to maneuver in space and conduct longer missions by extending the use of its fuel.

"We are proud to be part of this cutting edge technology that will revolutionize nanosatellites and on-orbit propulsion," said Patrick Frye, program manager for the HiDVE program at Pratt & Whitney Rocketdyne. "This will provide a dramatic increase in propulsive capability over current chemical thruster systems."

Pratt & Whitney Rocketdyne, Inc., a part of Pratt & Whitney, is a preferred provider of high-value propulsion, power, energy and innovative system solutions used in a wide variety of government and commercial applications, including the main engines for the space shuttle, Atlas and Delta launch vehicles, missile defense systems and advanced hypersonic engines.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.

Bryan Kidder Carri Karuhn Pratt & Whitney Rocketdyne Pratt & Whitney Rocketdyne 818 586-2213 818 586-4963 bryan.kidder@pwr.utc.com carri.karuhn@pwr.utc.com

Pratt & Whitney

CONTACT: Bryan Kidder, +1-818-586-2213, bryan.kidder@pwr.utc.com; Carri
Karuhn, +1-818-586-4963, carri.karuhn@pwr.utc.com, both of Pratt & Whitney
Rocketdyne

Web site: http://www.pratt-whitney.com/

Solar Energy, LLC Selects CDI Engineering Solutions for Polysilicon Plant Engineering Contract

PHILADELPHIA, June 25 /PRNewswire-FirstCall/ -- CDI Corp. announced today that its CDI Engineering Solutions business unit has been selected by Solar Energy, LLC of Dankov, Russia, a subsidiary of Industrial Investors Group, to provide technology integration and basic engineering services for a 1200 MT polysilicon production facility to be located near the south-central Russian city of Lipetsk.

CDI's scope of work involves integration services and technical oversight of the basic engineering packages produced for the trichlorosilane (TCS) plant, the vent gas treatment system and the polysilicon plant production area. This will include the chemical vapor deposition reactors and converters for the manufacture of polysilicon. CDI will also provide Balance of Plant Front-End Engineering Design (FEED) services for the waste treatment system, offsite facilities, utilities and infrastructure for the entire production facility.

"Selecting CDI to provide the overall integration of the technologies will be key for the success of our project," said CEO of Solar Energy, Eugene Vaag. "Their experience in TCS design and overall polysilicon facilities made our choice very clear."

CDI Engineering Solutions has been involved in the design of polysilicon projects utilizing similar processes for over a decade with many of its clients' plants in operation today. As a leader in implementing TCS technology, CDI is providing technology integration, basic engineering, Front-End Engineering Design (FEED) and Engineering Procurement Construction Management (EPCM) services for polysilicon producing clients through a Global Project Development organization dedicated to the polysilicon market and headquartered in Houston, Texas.

Keith Landry, Vice President of Global Project Development for CDI Engineering Solutions said, "We are pleased to be selected for this important project for Solar Energy. Our teams are dedicated to providing a highly valuable and efficient design for the new TCS and polysilicon production plant."

About CDI

Headquartered in Philadelphia, CDI Corp. is a leading provider of engineering and information technology outsourcing solutions and professional staffing. Its operating units include CDI Engineering Solutions, CDI IT Solutions, CDI AndersElite Limited and Management Recruiters International, Inc. Visit CDI at http://www.cdicorp.com/.

About Industrial Investors Group and Solar Energy LLC

Industrial Investors Group is a leading Russian independent investment company in Russia. Since 2000, Industrial Investors has been actively investing in the Russian economy, focusing on sectors with strong growth potential. Solar Energy LLC is a subsidiary of the Industrial Investors Group. For more information, go to http://www.industrial-investors.com/invest.html.

Solar Energy LLC is a vertically integrated solar business that includes all key elements of the solar value chain; from production of high-grade polysilicon components to fully integrated photovoltaic systems; achieving this solely based on its own manufacturing, marketing and distribution assets. Solar Energy's mission is to be a global leader in the solar energy marketplace.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations or projections about the future are forward-looking statements. Some of the forward-looking statements can be identified by words like "anticipates," "believes," "expects," "may," "will," "could," "should" and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: changes in general economic conditions and levels of capital spending by customers in the industries that we serve; the availability and cost of qualified labor; our level of success in attracting, training, and retaining qualified management personnel and other staff employees; changes in customers' attitudes towards outsourcing; credit risks associated with our customers; changes in tax laws and other government regulations; the possibility of incurring liability for our activities; our performance on customer contracts; and government policies or judicial decisions adverse to our businesses. More detailed information about some of these risks and uncertainties may be found in our filings with the SEC, particularly in the "Risk Factors" section of our Form 10-K's.

CDI Corp.

CONTACT: Vincent J. Webb, VP, Communications & Marketing of CDI Corp.,
+1-215-636-1240, vince.webb@cdicorp.com

Web site: http://www.cdicorp.com/
http://www.industrial-investors.com/invest.html

Rutgers University Receives $200,000 Grant From the Verizon Foundation to Fund Certification Programs for Professionals Assisting Domestic Violence SurvivorsVerizon Wireless Awards HopeLine Scholarships to Three Rutgers Students Attending the University's School of Social Work and Center on Violence Against Women & Children

NEW BRUNSWICK, N.J., June 25 /PRNewswire/ -- Rutgers University's School of Social Work and its Center on Violence Against Women & Children received a $200,000 grant from the Verizon Foundation Wednesday (June 25) to begin a first-of-its kind certification program for social workers and other professionals assisting domestic violence survivors.

The grant will establish the Violence Against Women Continuing Education Program, which will create an interactive, Web-based curriculum to provide continuing education and training.

"Throughout the state, social workers, emergency personnel and others give of themselves daily to assist the victims of domestic violence; but unfortunately, while well-intentioned, many have received little or no professional training for addressing the severe problems domestic violence survivors face," said Judy Postmus, director of the Center on Violence Against Women & Children. "This certification program will give those workers an opportunity to receive training and education in evidence-based, successful practices to best serve those in need."

Through the program, participants can earn several levels of certification: a foundation certificate, an advanced certificate, an advanced clinical work certificate, and an advanced advocacy and nonprofit management certificate.

"Domestic violence is a pervasive social issue that affects every segment of our population," said Dennis Bone, president of Verizon New Jersey. "During the past two years, the Verizon Foundation has committed nearly $10 million to support domestic violence prevention efforts. Verizon is proud to partner with Rutgers on this groundbreaking program."

The grant was announced at a ceremony at the Rutgers University Student Center. New Jersey Attorney General Anne Milgram was the keynote speaker.

Also at the event, Melanie van der Valk, Verizon Wireless Northeast area vice president of marketing and sales operations, recognized the first group of Verizon Wireless HopeLine(R) Scholars. HopeLine Scholarships will be awarded annually to at least three Rutgers graduate students enrolled in the School of Social Work's Master of Social Work specialization on violence against women and children.

The first six scholarship winners are: Audrey Allred of Highland Park, N.J.; Kristin Dunne of Pompton Plains, N.J.; Melissa Fogg, of Princeton, N.J.; Rupa Khetarpal of Basking Ridge, N.J.; Amanda Mathisen of Skillman, N.J.; and Shauna Simmons, of Lawrence, N.J.

The Verizon Wireless donation was made possible through the company's HopeLine phone recycling program, which collects old, no-longer-used cell phones at Verizon Wireless stores throughout New Jersey. The phones are refurbished, recycled or sold, and the proceeds are donated to domestic violence advocacy groups in the form of cash grants and prepaid wireless phones for victims. Phones that cannot be refurbished are disposed of in an environmentally friendly way.

The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.

For more information on the foundation, visit http://www.verizon.com/foundation.

Rutgers School of Social Work: Established in 1954, the School of Social Work at Rutgers University has a distinguished record of instruction, research, and public service. The school offers undergraduate and graduate-professional degree programs, holds classes on Rutgers' three regional campuses, and is affiliated with more than 800 social service agencies throughout the New Jersey/New York metropolitan area. Established by the School of Social Work in 2007, the mission of the Center on Violence against Women & Children is to strive to eliminate physical, sexual, and other forms of violence against women and children and the power imbalances that permit them. This mission will be accomplished through the use of a collaborative approach that focuses on multidisciplinary research, education, and training that impacts communities and policy in New Jersey, the U.S., and throughout the world. For more information, please visit http://vawc.rutgers.edu/

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 67 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

Verizon

CONTACT: Brian C. Malina, +1-908-698-3930, brian.c.malina@verizon.com,
or David Samberg, +1-845-365-7212, david.samberg@verizonwireless.com; or Ken
Branson of Rutgers University, +1-732-932-7084, kbranson@ur.rutgers.edu

Web site: http://www.verizon.com/
http://www.verizon.com/news
http://www.verizon.com/foundation
http://http//vawc.rutgers.edu

Company News On-Call: http://www.prnewswire.com/comp/094251.html

Smart Move, Inc. Announces Results of Annual Meeting

DENVER, June 25 /PRNewswire-FirstCall/ -- Smart Move, Inc., a Denver-based logistics company, today announced today that all three proposals voted on at its annual meeting of stockholders on June 24, 2008 were approved by a majority of shareholders entitled to vote at the meeting. The proposals were detailed in the proxy statement mailed to the company's stockholders and included election for an additional three-year term of two independent members currently serving on the board of directors, approval of the potential issuance of shares of common stock by the company in excess of the 20% limitation imposed by the rules of the American Stock Exchange, and an amendment to the company's 2006 Equity Incentive Plan to increase the total number of shares approved for issuance under the plan from 1,400,000 to 1,900,000.

Chris Sapyta, President and CEO, said, "We are pleased with the results of the voting and appreciate the continued support from our shareholders for our management team and board of directors. We are looking forward to advancing our business plan and pursuing initiatives that we believe will lead to improved value for all shareholders."

About Smart Move:

Smart Move is an innovative logistics company providing services through deployment of a fleet of Company-owned, SmartVault(TM) shipping containers to execute the movement of goods. Smart Move utilizes its proprietary and licensed technologies to efficiently manage its fleet of assets, providing superior security, scheduling flexibility and expedited service on behalf of its customers and alliance partners. Smart Move sells its services direct to moving consumers, and provides moving capacity and guaranteed logistic services to van lines and agents nation wide. Smart Move has operations in the top 61 cities in the USA and can service over 92 percent of the US population. http://www.gosmartmove.com/

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, such as statements that include the words "believes," "expects," "anticipates," "intends," "look forward to" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 2007 and all subsequent reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934. This press release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contact information

Smart Move, Inc. Pete Bloomquist, 303-339-9558, pete@gosmartmove.com

Smart Move, Inc.

CONTACT: Pete Bloomquist of Smart Move, Inc., +1-303-339-9558,
pete@gosmartmove.com

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

Agilysys Board Names Special Committee to Oversee Strategic Evaluation; Appoints R. Andrew Cueva, Managing Director of MAK Capital, to Fill Board Vacancy

BOCA RATON, Fla., June 25 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative IT solutions, today announced that its Board of Directors has appointed five independent directors to a special committee created to oversee the company's strategic evaluation process.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO )

Effective immediately, the board also has appointed R. Andrew Cueva to fill a vacancy on the nine-member board following the resignation of director Dr. Curtis J. Crawford, who intended not to stand for re-election at the company's 2008 annual shareholder meeting because of a major scheduling conflict. Due to the recently announced postponement of the annual meeting, Dr. Crawford has decided to depart now.

Cueva, managing director of MAK Capital, the company's largest shareholder, will serve on the special committee. Directors Thomas A. Commes and Howard V. Knicely will co-chair the committee, which will also include Keith M. Kolerus and Robert G. McCreary, III.

"The independent members of the special committee are highly qualified to analyze all of the strategic alternatives available to our company," said Arthur Rhein, chairman, president and chief executive officer of Agilysys. "They possess a broad range of business experience and have gained substantial knowledge about Agilysys either as members of the board or as a long-term major shareholder. We are confident of their ability to present prudent recommendations for the full board to consider on behalf of all of Agilysys' stakeholders."

Agilysys intends to disclose developments regarding the strategic evaluation process only if and when the board has approved a specific course of action after receiving the recommendations of JPMorgan, its financial advisor. Agilysys cautions that there can be no assurance that the exploration of alternatives will result in a particular course of action.

Rhein added, "I want to express my personal and the Board's deep gratitude to Curtis Crawford for his valuable insights and dedicated support of our shareholder value-creation agenda, and wish him the very best. At the same time, we welcome the perspective of our largest shareholder, MAK Capital, which owns approximately 18 percent of the company."

Cueva has been a managing director of MAK Capital, a New York-based value-oriented hedge fund, since January 2005. Prior to joining MAK Capital, he was a portfolio manager and analyst at Green Cay Asset Management in the Bahamas from 2002 to 2004 and Avalon Global Asset Management in San Francisco from 1999 to 2002. He began his investing career in 1995 at Deltec Asset Management in New York, and has invested across a range of industries. Prior to Deltec, he worked in mergers and acquisitions groups at the Bankers Trust Company and Samuel Montagu & Co.

Forward-Looking Language

Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause the actual results of Agilysys to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent Securities and Exchange Commission (SEC) filings.

Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, sales volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, and new product introductions.

Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors and vendors, changes in economic or industry conditions in the markets served by Agilysys, the ability to appropriately integrate and derive performance from acquisitions, strategic alliances, and joint ventures, and the ability of the company to identify and complete a strategic transaction.

In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, http://www.sec.gov/.

About Agilysys

Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology - including hardware, software and services - to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Agilysys, Inc.

CONTACT: Martin Ellis, Executive Vice President, Treasurer and Chief
Financial Officer, Agilysys, Inc., +1-561-999-8780, martin.ellis@agilysys.com

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

Digital Ally, Inc. Set to Join Russell Microcap(R) Index

OVERLAND PARK, Kan., June 25 /PRNewswire-FirstCall/ -- Digital Ally, Inc. , which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, today announced that it is set to join the Russell Microcap(R) Index when such index undergoes its annual rebalancing later this month.

According to the Russell Investments website (http://www.russell.com/), Digital Ally, Inc. is slated to join the Russell Microcap(R) Index at the close of the market on June 27, 2008. The Russell Microcap(R) Index measures the performance of the microcap segment, representing less than 3% of the U.S. equity market. The Russell Microcap(R) Index includes the smallest 1,000 securities in the small-cap Russell 2000(R) Index plus the next 1,000 securities.

"We are very pleased to learn that Digital Ally has qualified for inclusion in the Russell Microcap(R) Index less than six months after its stock was listed on the Nasdaq Capital Market," stated Stanton E. Ross, Chief Executive Officer of the Company. "Membership in the Russell Microcap(R) Index is based upon market capitalizations of qualifying companies, and Digital Ally's 'market cap' has increased from approximately $32 million at the end of June 2007 to approximately $137 million as currently. We believe the increase in our 'market cap' reflects rapid growth in our reported revenues and earnings, and we expect to set new records in both of these financial performance measures in the year ending December 31, 2008."

The Russell family of U.S. indexes is designed to be a comprehensive representation of the investable U.S. equity market. These indexes are value-weighted and include only common stocks belonging to corporations that are incorporated in the United States and its territories. Final membership lists for the Russell 3000(R), Russell 1000(R), Russell 2000(R), Russell Global, Russell Midcap(R) and Russell Microcap(R) indexes will be posted to the Russell Investments website on June 30, 2008.

Real-time market analysis on the Russell indexes is available at http://www.russell.com/indexes/performance/real_time_market_analysis.asp, and a preliminary list of additions to the Russell Microcap(R) Index is currently posted on http://www.russell.com/.

About Russell Investments

Russell Investments aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $213 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world's best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Headquartered in Tacoma, Washington, Russell has principal offices in Amsterdam, Auckland, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto.

About Digital Ally, Inc.

Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial security applications. The Company's primary focus is Digital Video Imaging and Storage. For additional information, visit http://www.digitalallyinc.com/

The Company is headquartered in Overland Park, Kansas, and its shares are traded on The Nasdaq Capital Market under the symbol "DGLY".

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to have its new product offerings perform as planned or advertised; whether there will be a commercial market, domestically and internationally, for one or more of its new products; its ability to commercialize its products and production processes, including increasing its production capabilities to satisfy orders in a cost-effective manner; its ability to continue to increase revenue and profits as forecast; whether the Company will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to attract and retain customers and quality employees; its ability to obtain patent protection on any of its products and, if obtained, to defend such intellectual property rights; the effect of changing economic conditions; and changes in government regulations, tax rates and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in its reports on Form 10-KSB for the year ended December 31, 2007, and Form 10-Q for the three months ended March 31, 2008 as filed with the Securities and Exchange Commission.

For Additional Information, Please Contact: Stanton E. Ross, CEO at (913) 814-7774 or RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or via email at info@rjfalkner.com

Digital Ally, Inc.

CONTACT: Stanton E. Ross, CEO of Digital Ally, Inc., +1-913-814-7774; or
RJ Falkner & Company, Inc., Investor Relations Counsel, 1-800-377-9893,
info@rjfalkner.com, for Digital Ally, Inc.

Web site: http://www.digitalallyinc.com/
http://www.russell.com/

Business Objects Named Worldwide Market Share Leader in Business Intelligence by Top Industry Analyst Firm

SAN JOSE, Calif. and PARIS, June 25 /PRNewswire-FirstCall/ -- Business Objects, an SAP company and the world's leading provider of business performance optimization solutions, today announced it has been named the business intelligence (BI) market share leader, according to the 2007 BI platform software market share report issued this week by Gartner. Business Objects ranks number one with an 18.2 percent share of the BI market. SAP is number six in the market, with a 7.9 percent share and 33.3 percent growth from 2006 to 2007. Gartner defines total BI software revenue as revenue generated from new licenses, updates, subscriptions and hosting, technical support and maintenance.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

In the June 2008 report, "Market Share: Business Intelligence Platform Software, Worldwide, 2007," Gartner found that the Business Objects BI platform software revenue grew from $870.6 million to $939.6 million. Gartner also reported that the market for BI platform software increased 13.1 percent to nearly $5.2 billion in 2007.

Worldwide, Business Objects and SAP have a combined market share of more than 25 percent. Specifically in EMEA, the two companies have a combined market share of more than 29 percent, according to an additional June 2008 Gartner report entitled "Market Share: Business Intelligence Platform Software, EMEA, 2007." In the EMEA report, Business Objects ranks number one with an 18.9 percent share of the BI market, while SAP ranks number four with a 10.8 percent share.

Business Objects is focused on delivering an end-to-end BI solution to customers that will give all people access to the detailed, decision-quality information they need in order to make better business choices every day. Business Objects' best-of-breed information infrastructure is available as one integrated platform for on-premise deployments, in addition to being available on demand through software as a service (SaaS) for subscription.

About Business Objects

Business Objects, an SAP company, transforms the way the world works by connecting people, information and businesses. With open, heterogeneous applications in the areas of governance, risk and compliance; enterprise performance management; and business intelligence, Business Objects enables organizations of all sizes worldwide to close the loop between business strategy and execution. Together with a strong and diverse partner network, Business Objects allows customers to optimize business performance across all major industries including banking, retail, consumer-packaged goods and public sector. Business Objects is committed to helping customers turn raw data into actionable decisions, regardless of their underlying database, operating system, applications or IT system.

For more information about Business Objects, visit: http://www.businessobjects.com/.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. Business Objects and the Business Objects logo, BusinessObjects, Crystal Reports, Crystal Decisions, Web Intelligence, Intelligent Question, and Xcelsius are trademarks or registered trademarks of Business Objects in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners.

All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

For customers interested in learning more about Business Objects products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) Contacts: Dorit Shackleton, Business Objects, +1 (604) 974-2444, dorit.shackleton@sap.com, PDT SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com Rachel Allen, Burson-Marsteller, +1 (415) 591-4041, rachel.allen@bm.com, PDT

Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com SAP AG

CONTACT: Dorit Shackleton of Business Objects, PDT, +1-604-974-2444,
dorit.shackleton@sap.com; or SAP Press Office, CET, +49 (6227) 7-46315, EDT,
+1-610-661-3200, press@sap.com; or Rachel Allen of Burson-Marsteller, PDT,
+1-415-591-4041, rachel.allen@bm.com, for SAP AG

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

Time Warner Telecom Wins Three-Year Contract With Colorado's Cherry Creek School District- Supports Web 2.0, video and Internet educational goals- Scalable solution reduces cost, consolidates services across district- Win includes nearly 600 business lines of voice

LITTLETON, Colo., June 25 /PRNewswire-FirstCall/ -- Time Warner Telecom Inc., , a leading provider of managed voice, Internet and data networking solutions for businesses, today announced it has been awarded a three-year contract to provide voice and data services to the Cherry Creek School District, Colorado's fourth largest school district. Time Warner Telecom will deploy enterprise-wide Ethernet-based Internet (EIS) and voice services throughout the district.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080312/LAW511LOGO)

"Time Warner Telecom demonstrated tremendous professionalism and a highly consultative approach to positioning our communications services for the long term," said Glenn Owens, manager of networks and data processing for the Cherry Creek School District. "Based on my conversations with other school districts using their services, I expect to get great customer service and great response times, some of which I've already experienced. In addition to Time Warner Telecom's competitive pricing, we ended up with an absolutely phenomenal solution that meets our needs."

Time Warner Telecom is delivering 200 Mbps Ethernet Internet service and nearly 600 lines of voice to the Cherry Creek School District for all primary voice services at its schools and the Education Services Center. "We wanted reliable lines for use by our administrators, parents and teachers," stated Owens. "As a network manager, I particularly liked the fact that we were able to consolidate our telephone services provider to one. It was cumbersome with different schools using different providers, each with its own process to resolve problems. With Time Warner Telecom, all that has gone away."

As teachers continually increase their use of Web 2.0 applications, along with a high utilization of streaming video content, school districts are pushing the limits of their existing Internet circuits. "Our Internet usage alone has grown 100 percent a year for the last few years," said Owens. "We needed a reliable, high-capacity, cost-effective solution that could scale to 1 Gbps bandwidth as our District's needs grow. We got that with the Time Warner Telecom Ethernet Internet circuit."

"Bandwidth-intensive educational applications like distance learning and streaming video are driving the demand by school districts for our Ethernet Internet service," said Rick Corbett, vice president and general manager for Time Warner Telecom in Colorado. "Our service's scalability to 10 Gbps, our easily-administered native Ethernet handoff and our superior customer support make it a highly attractive alternative to others providers of communications services."

Time Warner Telecom is changing its name to tw telecom on July 1, 2008. About Time Warner Telecom

Time Warner Telecom Inc., headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, Time Warner Telecom delivers customers overall economic value, quality, service, and improved business productivity. Time Warner Telecom will change its name to tw telecom on July 1, 2008. Please visit http://www.twtelecom.com/ for more information.

Photo: http://www.newscom.com/cgi-bin/prnh/20080312/LAW511LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Time Warner Telecom Inc.

CONTACT: Patrick Mulcahy, Media Relations of Time Warner Telecom,
+1-303-566-1470, patrick.mulcahy@twtelecom.com

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

Update on FreeStar Technology Corp. Conference Call - Note Day & Time ChangeCEO Paul Egan will host conference call on July 8, 2008.

DUBLIN, Ireland, June 25 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (BULLETIN BOARD: FSRT) , an international card payments processor and technology company, today announced that it has completed the process to change its name to "Rahaxi, Inc." FreeStar's Board of Directors has approved a proposed amendment to FreeStar's Articles of Incorporation to change its name to Rahaxi, Inc. The Board of Directors has recommended that the name change amendment be adopted by the shareholders of FreeStar and directed management to take appropriate action to obtain shareholder approval of the name change amendment.

The official name change which began its process back in July of 2007 comes on the heels of FreeStar's Board of Directors' approval of a three to one reverse stock split of the Common Stock. Both changes of the name and the reverse stock split are subject to approval by FreeStar's stockholders and will require an amendment to FreeStar's Articles of Incorporation. The Board of Directors has authorized and directed the officers to take all required actions to solicit the approval of the stockholders, including filing preliminary and definitive proxy statements with the Securities and Exchange Commission.

FreeStar's CEO Paul Egan will host a conference call on Tuesday, July 8, 2008 at 11am eastern daylight time. Please use call in number USA/Canada Toll Free 800.914.8405 or 647.723.6919. Use Conference Access Code: 5533037. If you are calling from a country other than USA/Canada, please log on to http://www.conferencecalls.com/executive/accessnumbers.asp for international numbers.

About FreeStar Technology Corporation

FreeStar Technology Corp. provides mission-critical solutions to the financial industry worldwide. Working with merchants and acquirers in more than twenty countries, its product suite has empowered partners to focus on their core competencies, while its innovative driven approach has enabled them to benefit from first to market advantage and realize their true potential. FreeStar Technology has adopted a partnership strategy for growth. Its partners are market leaders in their respective industries. These include IKEA, Finnair and Stockmann. Its subsidiaries, Rahaxi Processing Oy., Finland, FreeStar Technologies Ireland, Ltd., and FreeStar Dominicana S.A. Dominican Republic, continue to develop and implement first class products and solutions that enhance the service level its partners can offer their customers. For more information, please visit http://www.freestartech.com/ and http://www.rahaxi.com/.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. When used in this press release, the words "expects," "anticipates," "believes," "plans," "will" and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements regarding our adequacy of cash, expectations regarding net losses and cash flow, statements regarding our growth, our need for future financing, our dependence on personnel, and our operating expenses. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, those discussed above as well as risks set forth above under "Factors That May Affect Our Results." These forward-looking statements speak only as of the date hereof. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The companies caution that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in FreeStar's Form 10-KSB filing and other filings with the U.S. Securities and Exchange Commission (available at http://www.sec.gov/). FreeStar undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

For more information, please contact: FreeStar Technology Corporation: Mr. Paul Egan President & CEO Tel: +1-809-547-2248 pegan@freestartech.com Rahaxi Processing Oy: Dr. Jose Enrique Perez Managing Director Tel. +358-50-532-1138 eperez@freestartech.com

FreeStar Technology Corp.

CONTACT: Mr. Paul Egan, President & CEO of FreeStar Technology
Corporation, +1-809-547-2248, pegan@freestartech.com; or Dr. Jose Enrique
Perez, Managing Director of Rahaxi Processing Oy, +358-50-532-1138,
eperez@freestartech.com

Web site: http://www.freestartech.com/
http://www.rahaxi.com/

The Bank of New York Mellon's Pershing Unit Introduces Paperless Account Opening Solution for Introducing Broker-Dealer Firms, Investment Professionals and Independent Registered Investment Advisors

JERSEY CITY, N.J., June 25 /PRNewswire-FirstCall/ -- Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, announced today that it has introduced an innovative paperless account opening solution for introducing broker-dealer firms, investment professionals and independent registered investment advisors (RIAs).

Pershing's paperless account opening solution is among the first of its kind to be widely available to introducing broker-dealer firms and RIAs. This new capability enables investment professionals and independent registered investment advisors to provide their clients with online account opening documents that can be completed and authorized by utilizing an electronic signature feature. It also significantly reduces the time and effort it takes to open new accounts and transfer assets, and provides Pershing's customers and their clients with a cohesive transaction experience by virtually eliminating paper-based forms. In addition, the solution will help introducing broker-dealer firms, investment professionals and RIAs monitor the account opening process and the status of their clients' new accounts in real-time.

Independent registered investment advisors can access this new capability through Pershing's affiliate, Pershing Advisor Solutions LLC, via its NetExchange Advisor(TM) workstation. Pershing's introducing broker-dealer customers and their investment professionals will be able to access the solution through its NetExchange Pro(R) workstation later in the year.

Suresh Kumar, chief information officer at Pershing, said, "We understand how critical it is for RIAs and introducing broker-dealers and their investment professionals to focus on delivering cost effective and exceptional client service. The introduction of this integrated online account opening solution via NetExchange Advisor and NetExchange Pro relieves our customers of the burden of cumbersome operational support and makes it easier for them to conduct and grow their businesses."

NetExchange Pro is utilized by over 100,000 investment professionals and provides access to a wide array of tools, services and business solutions. Through NetExchange Pro, investment professionals can access account information, quotes, investment research, news and third-party content from a wide range of leading providers, including Dow Jones Newswires(R), BNY Jaywalk(R), NaviPlan(R) and Standard & Poor's(R).

NetExchange Advisor provides independent registered investment advisors with a comprehensive set of tools to effectively manage their clients' investment portfolios and perform daily operational tasks that create efficiencies in cost and productivity. These include powerful trading tools that enable advisors to build model portfolios and execute orders for groups of accounts as well as manage and record orders executed at other firms.

Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent over five million active investors. Located in 19 offices worldwide, Pershing is committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation. Additional information is available at http://www.pershing.com/.

Pershing Advisor Solutions LLC (member FINRA/SIPC) is an affiliate of Pershing LLC and a leading provider of financial business solutions to independent, fee-based registered investment advisors and dually-registered advisors working in conjunction with many of Pershing LLC's introducing broker-dealer customers. Additional information is available at http://www.pershingadvisorsolutions.com/.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at bnymellon.com.

The Bank of New York Mellon Corporation

CONTACT: Barbara Gallo, +1-201-413-2930, bgallo@pershing.com, for The
Bank of New York Mellon Corporation

Web site: http://www.bnymellon.com/
http://www.pershing.com/
http://www.pershingadvisorsolutions.com/

Luvs and Mom-Comedienne Anita Renfroe Encourage Moms to 'Take A Stand' and Demand More for Their Families for Less CostNew Survey Shows That Moms are Looking for Products That Offer Premium Benefits for Less Cost in Today's Tougher Economic Times

CINCINNATI, June 25, 2008 /PRNewswire/ -- Being a mom can mean making sacrifices on a number of levels to provide what's best for your family. As a result of today's shifting economy, more than 90 percent of moms are changing their behavior and many are making huge sacrifices and cutting out all luxuries completely*. Understanding that many families across the country are more financially conscious than ever, Luvs diapers, a trusted name in baby care, has partnered with mom-comedienne, author and overnight internet video sensation, Anita Renfroe, to encourage parents to brave these times without losing their minds, wallets or their sense of humor.

Renfroe will unveil her latest comedic song and online video -- a sequel to the original "Mom-sense" set to the William Tell Overture that millions of people have viewed and enjoyed -- available to view or download for free exclusively at Luvs.com starting June 25. The new jingle addresses the truths, struggles and humor of being a mom in today's economy, which is timely given that 65 percent of moms say that they are finding alternative ways to shop, eat and play.* Renfroe also will help introduce an amazing money-savings offer** from Luvs that will make a big difference to families with children in diapers because they go through a lot of them! The special offer is available exclusively at Luvs.com and is part of a larger effort encouraging moms everywhere to take a stand by pledging to choose products that offer premium features for less cost than the pricier brands.

"When my three children were young, we had to maximize every dollar we spent, so I became somewhat of an expert at choosing products that were a great value for our hard-earned dollars," said Anita Renfroe. "Parents today are navigating choppy financial waters. It is my pleasure to team up with Luvs to encourage parents to demand more, spend less and most importantly, laugh out loud!"

In addition to the exclusive Anita Renfroe video, visitors to Luvs.com also will be able to view the Luvs Proclamation, a humorous pledge to "say no" to pricey diapers and "yes" to the things that matter most, like enjoying time with the kids. They also will be able to share the money savings with a friend.

"Luvs has always been about providing premium benefits for less cost than pricier diapers and we feel that now is the time to encourage moms to demand more from the products that they regularly purchase for their families," said Patrick Kraus, brand manager for Luvs. "Anita Renfroe is such a perfect example of a smart and savvy mom who makes the best decisions for her family but still finds time to laugh about it and we're thrilled to partner with her for her new song and video. We hope that moms will be inspired by her!"

The partnership with Anita, in coordination with the song and money-savings offer, is part of a broader brand campaign designed to encourage moms to take a stand to demand more for less cost, especially in these tough economic times. The campaign will include new print and television advertising set in a world of animation -- a departure from the traditional "mom-and-baby" diaper advertising format. The campaign also will include newly designed in-store displays and a supporting online banner campaign.

Luvs diapers offer premium leakage protection and stretch for less cost than the pricey brands with premium features such as "BearHug Stretch" -- premium stretch to help stop leaks, a blue leakguard core, and reinforced leg cuffs that helps prevent bunching and sagging. Luvs diapers are available in sizes newborn to 6 at mass, discount and grocery stores where baby care products are sold.

*Survey of 172 women with at least one child in the household conducted May 23-27, 2008 by Synovate/eNation. Margin of error +/- 3%.

**Quantities are limited and available on a first-come, first-served basis starting June 25, 2008.

About Luvs(R)

Luvs is a trademark of Procter & Gamble and is one of parents' favorite U.S. diapers and wipes brand. Luvs diapers offer outstanding leakage protection for less than the pricey brands. For more information on Luvs, visit http://www.luvs.com/ .

About Procter & Gamble

Three billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers(R), Tide(R), Ariel(R), Always(R), Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Pringles(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R), Actonel(R), Duracell(R), Olay(R), Head & Shoulders(R), Wella, Gillette(R), and Braun. The P&G community consists of over 135,000 employees working in over 80 countries worldwide. Please visit www.pg.com for the latest news and in-depth information about P&G and its brands.

Procter & Gamble

CONTACT: Lauren Yacker, +1-949-809-6774, lyacker@painepr.com, or Amanda
Teitler, +1-212-613-4912, ateitler@painepr.com, both of PainePR for Luvs

Web site: http://www.luvs.com/
http://www.pg.com/

Publicis Groupe and Yahoo! Unveil Broad Technology Initiatives

PARIS and SUNNYVALE, California, June 25 /PRNewswire-FirstCall/ -- - Publicis Groupe and Yahoo! Unveil Broad Technology Initiatives to Drive Greater Advertiser Effectiveness and Consumer Engagement Online and on-the-go

Publicis Groupe's (Euronext Paris: FR0000130577) VivaKi Nerve Center and Yahoo! Inc. unveiled innovative technology initiatives designed to help Publicis Groupe clients seize the important global opportunities in mobile advertising. The initiatives also aim to drive greater efficiency in the way advertising is bought and sold online. As more leading brands go mobile, Yahoo! and Publicis Groupe's VivaKi plan to leverage Yahoo!'s mobile platform to help brands broaden their reach and more deeply engage mobile consumers with breakthrough advertising solutions. The two companies will also work to integrate Publicis Groupe's current media buying systems with Yahoo!'s Right Media Exchange, and with AMP! from Yahoo! when it is introduced.

"Our goal in working together with advertisers and agencies is to help them build brands, reach consumers and increase sales in new ways," said Sue Decker, President, Yahoo! Inc. "Through this relationship, Yahoo! and Publicis will empower the next generation of innovative advertising solutions."

"This partnership with Yahoo! takes the biggest challenge facing marketers today-the need for hyper-personalization on a massive scale-and turns it into a scalable, direct opportunity for Publicis Groupe clients," said David Kenny, Managing Partner of Publicis Groupe VivaKi. "By creating an evolved business structure built specifically to capitalize on this medium, we'll advance the larger industry and in the process set new standards for online advertising innovation."

Mobile First Advertising

The two companies' mobile initiative is the initial showcase for a relationship focusing on technology integration and openness to help brands tailor their messaging and make it possible for them to reach their target customers on both the PC and the mobile telephone.

Phonevalley, Publicis Groupe's mobile marketing agency, will be the first global agency to integrate Blueprint, Yahoo!'s leading-edge mobile developer platform language, as a tool to help its clients scale brand messages globally, speed their time to market and remove traditional barriers of scarce development resources and high costs.

In addition, Yahoo! and Publicis Groupe will work to enable brands to tailor their message in a more relevant way to the unique consumer, given the hyper-personalized nature of the mobile device. Specifically, Yahoo! will leverage its Smart Ads technology for the mobile platform to enable numerous permutations of a given brand's message, and Publicis Groupe will tap into this system to develop correlating, personal microsites relevant to these "smart mobile ads."

"We are focused on helping our clients reach their audiences where they are - and that is increasingly on mobile devices," continued Alexandre Mars, Phonevalley CEO and Head of Mobile Publicis Groupe. "By integrating Yahoo! Blueprint, we are able to easily create advertising for the rapidly growing and increasingly lucrative mobile medium."

From the Exchange to AMP! from Yahoo!

The technology initiative extends beyond mobile to include the adoption and continued innovation of other next-generation platforms. Publicis Groupe will work to integrate their current media buying systems with Yahoo!'s Right Media Exchange, a technology platform that fosters the largest open community of buyers and sellers including advertisers, agencies, publishers and networks. This integration will enable Publicis Groupe clients to apply their deep insights to their Exchange buys in order to help their clients more effectively and efficiently reach specific demographics and purchasers -such as moms or travelers- online in a single campaign buy.

Publicis Groupe also plans to leverage the capabilities of AMP! from Yahoo!, the company's advertising management platform. AMP! from Yahoo! is designed to simplify the process of buying and selling ads online. Yahoo! will work closely with Publicis Groupe to ensure that the platform accommodates the complex set of requirements a leading global agency partner like Publicis Groupe has to deliver on behalf of their clients.

These broader platform initiatives will serve as the foundation for the advertising industry's first "on-demand audience network", announced earlier today by Publicis Groupe's VivaKi Nerve Center, a global digital knowledge and resource center that spans Digitas, Starcom MediaVest Group, Zenith Optimedia and Denuo.

About Yahoo!

Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California.

For more information, visit pressroom.yahoo.com About Publicis Groupe

Publicis Groupe is the world's fourth largest communications group. In addition, it is ranked as the world's second largest media counsel and buying group, and is a global leader in digital and healthcare communications. With activities spanning 104 countries on five continents, the Groupe employs approximately 44,000 professionals.

The Groupe offers local and international clients a complete range of communication services, through three autonomous global advertising networks, Leo Burnett, Publicis, Saatchi & Saatchi and two multi-hub networks, Fallon and 49%-owned Bartle Bogle Hegarty; to media consultancy and buying, through two worldwide networks, Starcom MediaVest Group and ZenithOptimedia; interactive and digital marketing led by Digitas; Specialized Agencies and Marketing Services offering healthcare communications, corporate and financial communications, sustainability communications, shopper marketing, public relations, CRM and direct marketing, event and sports marketing, and multicultural communications.

For more information, visit http://www.publicisgroupe.com/ About Phonevalley

Recognized as an industry pioneer, Phonevalley provides a full service offer in mobile marketing which spans from mobile media planning and buying, to mobile interactive services (mobile Internet sites, mobile applications, branded content & promotions) and strategic consultancy. Its clients also expand their reach and ROI thanks to Phonevalley's proprietary technological platforms.

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

Publicis Groupe Services

CONTACT: Media Contacts: Yahoo! : Brigida Bergkamp, +1-408-336-0524,
brigida@yahoo-inc.com; Kristen Wareham, +1-626-437-2499,
warehamk@yahoo-inc.com ; Zealous Wiley, +1-408-349-3623,
zealous@yahoo-inc.com . Publicis Groupe: Peggy Nahmany, External
Communications, +33(0)1-44-43-72-83, peggy.nahmany@publicisgroupe.com ;
Martine Hue, Investor Relations +33(0)1-44-43-65-00,
Martine.hue@publicisgroupe.com . Phonevalley: Ines Pauly,
+33(0)1-42-80-95-27, ipauly@phonevalley.com

76,000 Square Miles of 3G Network for Northern Californians On-The-GoVerizon Wireless expands high-speed wireless broadband services to Paso Robles, San Luis Obispo, Arroyo Grande, Santa Maria, and Santa Barbara

SANTA BARBARA, Calif., June 25 /PRNewswire/ -- Verizon Wireless has widened its 3G "fast lane" along California's Central Coast. The company's high-speed wireless broadband network now delivers mile after mile of high-speed performance for customers surfing the Internet, e-mailing large files, and downloading songs or videos over-the-air using 3G-capable phones and PC cards.

The expansion covers a wide area: -- Paso Robles, San Miguel, Lake Nacimiento, and Atascadero

-- San Luis Obispo, Morro Bay, Los Osos, Cal Poly, Shell Beach, Pismo Beach, Grover Beach, Oceano, and Arroyo Grande

-- Santa Maria, Nipomo, Orcutt, Guadalupe, Lompoc, Vandenberg Air Force Base, Buellton, Solvang, and Santa Ynez

-- Santa Barbara, Isla Vista, UCSB, Goleta, Montecito, and Carpinteria BroadbandAccess: The wireless data solution

BroadbandAccess offers computer users the nation's most reliable high-speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kilobits per second, and download speeds between 600 kbps and 1.4 megabits per second over Verizon Wireless' Evolution-Data Optimized (EV-DO) Revision A (Rev. A) network. This means customers with Rev. A-compatible devices can download a 1 Megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds. Today, the company's nationwide wireless broadband network has been enhanced to Rev. A technology.

V CAST: Video, Music, 3D games

The company's high-speed network also enables its V CAST multimedia services, offering customers the ability to download full-song tracks, play cutting-edge 3D games and stream video clips on breaking news, sports and entertainment straight to their phones. Content is updated daily.

"California's Central Coast represents a vital market with dynamic, tech-savvy business people, residents and students who want to stay connected," said Rich Garwood, regional president of Verizon Wireless. "BroadbandAccess lets our business customers experience a truly untethered mobile office experience with remote access to corporate data on their laptops and e-mail on their PDAs. With V CAST, consumers can enjoy a comprehensive selection of downloadable music, high-quality videos and exciting 3D games."

The recent expansion adds to Verizon Wireless' $4.6 billion investment in California since 2000. Nationwide the company has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national wireless network and to add services like BroadbandAccess, V CAST, VZ Navigator(SM), and many more. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones.

Verizon Wireless' 3G network coverage in Northern California includes the following counties: Alameda, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Inyo, Kern, Kings, Lake, Lassen, Madera, Marin, Mendocino, Merced, Modoc, Mono, Monterey, Napa, Nevada, Placer, Plumas, Sacramento, San Benito, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Yolo, and Yuba.

Verizon Wireless' reputation as the nation's most reliable wireless network is supported by industry-leading redundancy and maintenance measures. This has proven particularly valuable during natural disasters and other emergencies across the country. Standard Verizon Wireless network-reliability features include battery back-up power at all facilities as well as generators installed at all switching facilities and many cell site locations.

Other examples of company leadership include being first to offer nationwide plans with unlimited calling and the only provider to offer a 30-day network Test Drive pledge that pays for calls if a customer isn't satisfied and switches to another carrier.

For more information about the company's network coverage, Test Drive from Verizon Wireless or any Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Heidi Flato of Verizon Wireless, +1-925-324-8692,
Heidi.Flato@verizonwireless.com

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

ZIM Corporation announces fiscal year 2008 financial results

OTTAWA, June 24 /PRNewswire-FirstCall/ -- ZIM Corporation (OTCBB: ZIMCF), a provider of software products and services for the database, mobile and IPTV markets; today announced its results for the fiscal year ended March 31, 2008. All figures presented are calculated in accordance with generally accepted accounting principles (GAAP) in the United States and presented in US dollars.

Revenue for the year ended March 31, 2007 was $2,068,065, a decrease from $2,195,184 in the prior year. As previously announced, ZIM's decrease in revenue is primarily attributable to the decline in revenue from our SMS aggregation services as a result of management's decision to no longer focus on this market.

Net income for the year ended March 31, 2008 was $82,536 or a basic and diluted income per share of $0.001. The net loss for the year ended March 31, 2006 was $1,936,187 or a basic and diluted loss per share of $0.02. The increase in net income for the year ended March 31, 2008 was attributable to a decrease in costs of revenue relating to the decrease in revenues associated with SMS aggregation, no further amortization of intangible assets related to the acquisition of AIS (which were fully amortized in 2007) and reduced operating costs

ZIM had cash of $299,943 at March 31, 2008, as compared to a cash balance of $441,637 at March 31, 2007 with no other outstanding debt.

"I'm pleased with the progress that we made in fiscal 2008" said Dr. Michael Cowpland, President and CEO of ZIM. "Our operational improvements, expense reductions and focus on higher margin business segments are definitely reflected in our year end results and should continue to benefit the company going forward. ZIM is continuing its pursuit of opportunities related to our ZIM Integrated Development Environment (IDE) software, Internet TV and Mobile Content and Applications platforms".

About ZIM

ZIM is a provider of internet TV programming and services (also referred to as IPTV) and a mobile content and service provider. For more information on ZIM and its customers, partners and products, visit: http://www.zim.biz/.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the success of ZIM's aggregation services and ZIM's ability to enter the mobile content market. All forward-looking statements made in this press release relating to expectations about future events or results are made as of, and are based upon information available to ZIM as of, the date hereof. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those described or implied by any forward-looking statements. Factors that might cause such a difference include, but are not limited to, ZIM's limited operating history, ZIM's history of operating losses and expected future operating losses, ZIM's ability to obtain additional financing when needed, ZIM's ability to continue as a going concern, ZIM's reliance on wireless carriers to market and use its applications and services, possible fee increases by third party service providers, the potential loss of services of Dr. Michael Cowpland and other key personnel, rapid developments in technology, including developments by competitors, possible internal controls deficiencies and possible accounting adjustments resulting from our quarter-end accounting and review procedures, ZIM's ability to maintain current reporting under the Securities Exchange Act of 1934, and ZIM's ability to successfully integrate any acquisition. Please refer to ZIM's filings with the SEC for additional information regarding risks and uncertainties. Copies of these filings are available through the SEC's website at http://www.sec.gov/. ZIM assumes no obligation to revise or update publicly the forward-looking statements included in this news release, other than as required by law.

ZIM CORPORATION

CONTACT: John Chapman, ZIM Corporation, (613) 727-1397 ext. 121,
investorrelations@zim.biz

RadioShack Corporation Agrees to Assign Fort Worth Headquarters Lease From KanAm Grund to Tarrant County College District

FORT WORTH, Texas, June 25 /PRNewswire-FirstCall/ -- RadioShack Corporation today announced it has agreed to assign its headquarters lease with its former landlord (KanAm Grund) to the new property owner, Tarrant County College District (TCC). As part of the renegotiated lease agreement with TCC, RadioShack will remain in the approximately 400,000 square feet it currently occupies with its headquarters staff through June 2011 with an option to remain in a portion of the complex through June 2013.

By agreeing to assign its lease, RadioShack helped facilitate the acquisition of the approximately 900,000 square-foot, 18.7-acre downtown Fort Worth complex by TCC from the German real estate investment company. TCC is also acquiring the surrounding land owned by RadioShack as well as the RadioShack retail store connected to the complex.

"Our lease agreement with TCC will enable us to greatly reduce our on-going occupancy costs while allowing us to remain in our current headquarters," said Julian Day, RadioShack's Chairman and Chief Executive Officer. "In addition, our ability to maintain our current location will ensure we remain focused on our business without creating any unnecessary disruptions or distractions for our staff. We're pleased the 500,000 square feet of space we were either not using or underutilizing will help a leading Tarrant County educational institution create a positive new dimension for the downtown business community."

About RadioShack Corporation

RadioShack Corporation is one of the nation's most experienced and trusted consumer electronics specialty retailers. Operating from convenient and comfortable neighborhood and mall locations, RadioShack stores deliver personalized product and service solutions within a few short minutes of where most Americans either live or work. The company has a presence through almost 6,000 company-operated stores and dealer outlets in the United States and nearly 800 wireless phone kiosks. RadioShack's dedicated force of knowledgeable and helpful sales associates has been consistently recognized by several independent groups as providing the best customer service in the consumer electronics and wireless industries. For more information on RadioShack Corporation, or to purchase items online, visit http://www.radioshack.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000518/DATH047LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com RadioShack Corporation

CONTACT: Charles Hodges of RadioShack Corporation, +1-817-415-3300,
media.relations@radioshack.com

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

CUSIP Global Services Launches Loan Identifier Platform for European BanksNew system enables European agent banks to request CUSIPs and ISINs online

NEW YORK, June 25 /PRNewswire/ -- CUSIP Global Services announced today the launch of its online European Bank Loan Application (EBL) platform. European Agent Banks can use the EBL to request the assignment of CUSIP identifiers and ISINs for syndicated loans originated in Europe.

CUSIP Global Services will assign either a CUSIP number or CUSIP International number based on the domicile of the borrower, as well as a 12-character ISIN (International Securities Identification Number) for each deal and facility. Prior to the introduction of this new platform, unique common identifiers were not available for European bank loans.

"CUSIP Global Services understands that agent banks in Europe need an easy-to-access common identifier system to provide transparency and order in the syndicated loan market," said Darren Purcell, Director, CUSIP Global Services. "CUSIP Global Services developed a platform that will help improve efficiency and increase liquidity by making it easy to identify these loans."

Using the EBL, registered Agent Banks in Europe will be able to request identifiers for their new deals and facilities, add or change existing deal information, and terminate deals that have been paid off or refinanced. European banks will also be able to make a one-time request for historical loan identifiers to populate their loan databases.

The growth of the global loan market, particularly in the last five years, and the labour-intensive nature of loan servicing have brought about the need for more automated processes, and the starting point for these automated processes is a unique identifier. CUSIP Global Services has a successful model that has worked well for U.S.-based Agents, and used that model as the basis to address the specific needs of the European loan market.

The CUSIP system will establish a unique common numbering system to reference syndicated loan credits. At present, different identification numbers represent the same credit in proprietary systems utilized by various market participants, such as administrative agents, lenders, traders, potential buyers, and various vendors.

About CUSIP Global Services

For 40 years CUSIP Global Services has provided a unique common language for identifying financial instruments across institutions, exchanges and nations, financial services firms benefit from improved operating efficiencies and substantially reduced administrative costs. CUSIP Global Services is operated by the CUSIP Service Bureau (CSB). CSB is managed on behalf of the American Bankers Association by Standard & Poor's. For more information, visit http://www.cusip.com/. Standard & Poor's, is a division of The McGraw-Hill Companies http://www.standardandpoors.com/.

CUSIP Global Services

CONTACT: Media Information:
Europe
Louise Riordan/Nicola Smith
Penrose Financial
+44 20 7786 4888
louiser@penrose.co.uk
nicolas@penrose.co.uk
United States
Christopher Capot
KNB Communications
(212) 505-2441
ccapot@knbpr.com
Product Information:
Darren Purcell
Director, CUSIP Global Services
+44 207 176 7445
darren_purcell@standardandpoors.com

Web site: http://www.cusip.com/
http://www.standardandpoors.com/

iFinix Corp. Names Benhope Munroe as New CEO

GARDEN CITY, N.Y., June 25 /PRNewswire-FirstCall/ -- iFinix Corp. (Pink Sheets: INIX) a provider of real-time financial information and services to active traders and to the securities industry, announced today that it has appointed Benhope Munroe to the position of CEO of the company, effective immediately. Mr. Munroe will also maintain his current position as CFO of the company.

Mr. Munroe comes with an extensive background in accounting and finance. He has held previous positions as senior staff accountant at a major New York newspaper publishing company, and accounting and financial positions in various tax and financial service areas. He holds a Bachelors of Arts degree in accounting and holds a Masters Degree in Management Information Systems from Pace University, NY.

Chairman Doug Spadaro stated, "Ben's appointment to CEO is a great step forward for iFinix. With his expertise we have the strong foundation necessary to take iFinix to the next level and fulfill our strategic plan for the future. I look forward to working with Ben."

Mr. Munroe said, "I am privileged to be offered the opportunity to continue the development of this company. I assure our shareholders that I will dedicate my efforts to complete all the goals and aspirations that had been set forth by our founder Mr. Dhruvanand Budhu. I believe that the company is truly at the threshold of dramatic growth. It is my intention to complete certain previously announced business mergers and acquisitions. We remain active in working towards bringing them to fruition. I am awaiting the final evaluation of our intellectual property assets to complete the company audit, so we can then elevate to fully reporting status. Also, I am currently working with the iFinix management team in identifying qualified individuals to add to our corporate infrastructure and to our board of directors. I will keep our shareholders apprised of any new developments and will always maintain an open line of communication."

About iFinix Corp.

iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.ifinix.com/

Legal Notice Regarding Forward-Looking Statements:

Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.

Contact: iFinix Corporation Investor Relations 516-504-3981 x301

iFinix Corp.

CONTACT: Investor Relations of iFinix Corporation, +1-516-504-3981,
ext. 301

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

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

News Archives of June 2008
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 31

News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec