Harris Corporation Fourth Quarter Revenue Grows 19%; Net Income Increases 39%; Non-GAAP Net Income Increases 30%Strong New Orders Momentum Entering Fiscal Year 2009

MELBOURNE, Fla., Aug. 5 /PRNewswire-FirstCall/ -- Harris Corporation reported that revenue in its fiscal fourth quarter ended June 27, 2008, increased 19 percent to $1.4 billion, compared to $1.2 billion in the prior-year quarter. Organic revenue increased 12 percent. Orders in the fourth quarter were significantly higher than revenue.

GAAP net income in the fourth quarter of fiscal 2008 was $122 million, or $.90 per diluted share, compared to $88 million, or $.63 per diluted share, in the prior-year quarter. Non-GAAP net income in the fourth quarter of fiscal 2008 was $128 million, or $.95 per diluted share, compared to $99 million, or $.71 per diluted share, in the prior-year quarter, an increase of 34 percent. Non-GAAP net income in fiscal 2008 excludes acquisition-related costs. A reconciliation of GAAP to non-GAAP financial measures is provided in Tables 5 through 8 along with the accompanying notes.

Full-year revenue in fiscal 2008 was $5.3 billion, a 25 percent increase compared to $4.2 billion in the prior year. Organic revenue increased 13 percent, and new orders were significantly higher than revenue. GAAP net income in fiscal 2008 was $444 million, or $3.26 per diluted share, compared to $480 million, or $3.43 per diluted share, in the prior year. Non-GAAP net income in fiscal 2008, which excludes acquisition-related costs, was $462 million, or $3.39 per diluted share, an 18 percent increase compared to non-GAAP net income in fiscal 2007 of $391 million, or $2.80 per diluted share. Non-GAAP net income in fiscal 2007 excludes charges associated with cost-reduction actions, asset impairments, acquisition costs and the significant gain associated with the Harris Stratex Networks combination.

"Harris achieved excellent financial results, notwithstanding the unexpected higher costs and accounting errors in the fourth quarter at Harris Stratex Networks. We continued to deliver double-digit organic revenue growth, and orders were significantly higher than revenue," said Howard L. Lance, chairman, president and chief executive officer. "Revenue increased in all four operating segments during the fourth quarter, on both a year-over-year and sequential basis. New orders combined with a robust pipeline of opportunities in the markets we serve are giving us confidence that fiscal 2009 will be another year of strong financial performance. To ensure margin expansion, cost-reduction actions have been initiated to better align resources to support faster-growing, higher-margin market opportunities."

Defense Communications and Electronics

The Defense Communications and Electronics segment -- comprised of the RF Communications Division and Defense Programs -- continued its strong momentum of revenue and earnings growth. Fourth quarter revenue of $567 million was 22 percent higher than the prior-year quarter and sequentially was 12 percent higher than the third quarter. Operating income for the quarter increased 29 percent to $170 million, compared to the prior-year quarter, and operating margin was 30 percent.

RF Communications. Fourth quarter revenue in the RF Communications Division was $441 million, increasing 36 percent compared to $326 million in the prior-year quarter. RF Communications also posted another strong quarter of sequential revenue growth with revenue increasing 13 percent compared to the third quarter. Strong market demand and customer preference in both U.S. and international markets is continuing for Harris Falcon(R) tactical radios. This continuing success was highlighted by the diverse group of international customer shipments in the quarter, including Pakistan, Algeria, Georgia, the Philippines, Saudi Arabia, the Bahamas, Estonia, Ethiopia, Honduras, Macedonia, Nicaragua, Romania and the United Kingdom.

Worldwide demand for Harris software-defined tactical radios continues to be driven by multiple factors, including modernization programs, force expansion, force restructuring, interoperability requirements, and requirements for network-centric communications. Customer priorities continue to evolve across the defense, homeland security, public safety and peacekeeping landscape. Their communications systems need to be versatile and adaptable in order to be effective in multiple operating environments and missions. Demand will continue to increase for network-centric communications systems that can significantly improve situational awareness and force effectiveness through communications superiority. Harris Falcon radios embrace these changing mission priorities and offer superior multimission performance.

RF Communications orders in the fourth quarter included:

-- $118 million contract from the U.S. Marine Corps for Falcon II(R) multiband manpack radios as part of a $350 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract to transition from legacy single-band radios to multiband, multimission software-defined radios;

-- $43 million order from a Latin American country for Falcon II HF radios;

-- $42 million order from the U.S. Army for 1,400 Falcon II vehicular adapter systems -- including power amplifiers, filters, antenna systems, and other installation components -- for installation of Falcon II manpack radios in MRAP (Mine Resistant Ambush Protected) vehicles;

-- $18 million order for Falcon II HF radios to modernize and support communications networks for the Iraq Ministry of Defense;

-- $16 million order for Bowman HF tactical radios from the United Kingdom; and

-- $15 million contract from the Polish Ministry of National Defense for Falcon II manpack radios and vehicular installations for the Combat Net Radio program of the Polish Armed Forces.

Total orders in the RF Communications Division for fiscal 2008 were approximately $1.7 billion and were significantly higher than full-year revenue. Backlog in the business at year-end was about $1 billion, 23 percent higher than at the end of fiscal 2007.

In July, the new Falcon III(R) AN/PRC-117G multiband, multimission manpack radio became the first manpack radio with wideband networking capability to be certified by the Joint Tactical Radio System (JTRS) Joint Program Executive Office (JPEO). The radio had previously received Type-1 security certification from the National Security Agency (NSA). The radio provides secure IP data transmission at on-air rates up to 5 megabits per second, mobile ad-hoc networking, and automated network establishment and maintenance. The radio also provides networked voice, data and video communications and true battlefield situational awareness to military and peace-keeping forces on the move. The radio has full interoperability with currently fielded legacy radios such as SINCGARS. Harris already has received initial orders for the new Falcon III manpack from a number of Department of Defense (DoD) and other U.S. Government customers.

Following the close of the quarter, RF Communications introduced the Unity(TM) XG-100 land mobile radio, the newest product in a family of multiband, software-defined radios that will give federal, state and local public safety responders the ability to communicate using a single radio across multiple frequencies with virtually any agency responding to an emergency. The Unity(TM) XG-100 expands on the capabilities of the RF-1033M, the first Harris land mobile radio introduced earlier this year, and extends the covered frequency range to include the 700/800 MHz bands.

Defense Programs. Defense Programs revenue declined 7 percent compared to the prior-year quarter. The prior-year quarter benefited from higher levels of production on the F/A-18 and F-22A aircraft programs. In the fourth quarter, DoD programs with higher revenue included the LMST (Lightweight Multiband Satellite Terminal) program for the U.S. Marine Corps, the F-35 Joint Strike Fighter program, and the next-generation U.S. Air Force Global Positioning System (GPS) control segment. Revenue declined in the fourth quarter from the JDAM (Joint Direct Attack Munitions) program as it neared completion.

Significant Defense Programs awards in the fourth quarter included two separate contracts totaling $162 million to provide multiband SATCOM terminals for various U.S. Navy ships. Harris also secured several follow-on contracts for avionics systems for the F-35 Lightning II Joint Strike Fighter aircraft, as well as anti-scintillation modems and the In-Flight Interceptor Communications System (IFICS) for the U.S. Missile Defense Agency (MDA).

Government Communications Systems

The Government Communications Systems segment -- comprised of Civil Programs, National Intelligence Programs, and IT Services -- reported fourth quarter revenue of $512 million, an increase of 24 percent compared to the prior-year quarter. Operating income in the fourth quarter of fiscal 2008 increased 57 percent to $52 million, compared to $33 million in the prior-year quarter. Operating margin was a strong 10.2 percent.

The strong rebound in operating performance was primarily the result of the company's progress made over the last several months in implementing new designs in several commercial satellite reflector programs. Of the 10 commercial reflectors that are in various stages of design, assembly, test and delivery, four have now been completed and the first has been successfully deployed in space. A fifth reflector was nearing completion when it sustained accidental damage. As a result of the company's maintenance of insurance policies covering accidental damage and related costs, any financial impact associated with the accident is not expected to be material.

Organic revenue increased 6 percent in the fourth quarter, compared to the prior-year quarter, driven by the NETCENTS IT integration and services program for the U.S. Air Force, the Navy/ Marine Corps Intranet (NMCI) program, the Field Data Collection Automation (FDCA) program for the U.S. Census Bureau, the Global Geospatial Intelligence (GGI) program for the National Geospatial-Intelligence Agency (NGA), and the Network Space Operations and Maintenance (NSOM) program for the Air Force 50th Space Wing.

Key Government Communications Systems contract awards in the fourth quarter included several new classified programs with a combined value of $113 million, a $58 million contract for a new NASA space suit communications system, and a $20 million IT services contract for a next-generation Tactical Video Capture System (TVCS) that will support training at various U.S. Marine Corps locations across the U.S. and abroad.

Harris also was awarded its second contract in a new market for the company -- Healthcare IT. Under a $12 million contract for the U.S. Army Dental Command Information Management & Technology Division, Harris will provide local operations and support to the U.S. Army Dental Command at Ft. Sam Houston, Texas, and other Army dental clinics at locations around the world.

Broadcast Communications

Fourth-quarter revenue in the Broadcast Communications segment was $174 million, a 5 percent increase compared to the prior-year quarter. Orders were higher than revenue. Sales of transmission equipment increased at double-digit rates due to strong shipments in the U.S. market for the over-the-air digital transmission build-out. Video infrastructure equipment sales, including routers, master control, test and measurement, and multiviewers, continued to increase at strong double-digit rates driven by the continuing global conversion by media organizations to digital and HD (high-definition) operations. Sales of server equipment declined compared to an unusually strong prior-year quarter. The continuing product transition to new traffic and billing software platforms in North American and international markets dampened sales of legacy software products.

GAAP and non-GAAP operating income was $8 million, flat with the prior-year quarter GAAP operating income. Non-GAAP operating income in the prior-year quarter was $12 million, excluding expenses related to cost-reduction actions in the transmission and software areas of the business. Operating expenses in the quarter increased for R&D and marketing. Increased investment is being directed at expansion in higher-growth, higher-margin product areas and growing international markets such as the Middle East, Asia Pacific, Europe and Latin America.

Sequentially, operating performance improved, compared to the third quarter of fiscal 2008. Revenue was 10 percent higher, while operating income was 14 percent higher despite increased marketing expenses related to annual fourth quarter trade shows. Following the end of the quarter, cost-reduction actions including additional headcount reductions were initiated to further improve operating performance.

During the fourth quarter, the Harris ONE(TM) solution, which improves workflow solutions across the entire broadcast delivery value chain, continued to gain traction in both domestic and international markets. Harris received a significant order from Sezmi, a new entertainment services company that is combining traditional TV content, movies and Internet video in a single easy-to-use product. Harris is providing Sezmi with traffic and scheduling systems and a multichannel playout and nationwide distribution system, including video encoding, video servers, multiviewers, routers, test and measurement systems and signal processing equipment. Additionally, Harris will distribute content and provide network and IT managed services utilizing its network operations center (NOC) in Melbourne, Florida.

Harris received a significant order in the quarter from Special Broadcasting Service (SBS), Australia's multicultural and multilingual public broadcaster, to supply a Harris ONE(TM) solution for the comprehensive rebuild of SBS' facility in Sydney to HD operations. Other Harris ONE(TM) solution orders received during the quarter included Showtime Arabia, a leading Pay TV network in the Middle East, GSEN, the new radio and TV Gaming Sports Entertainment Network in Las Vegas, The Advance Broadcast Corporation, the largest cable TV company in Thailand, and Kalaignar TV India. Other key orders came from CBS Television for HD video servers, CTV, a leading broadcaster in Canada, for multiple HD conversion systems, the National Basketball Association for NetVX encoders to backhaul live HD feeds to 29 arenas, and Cimax International in China and the Botswana Government Department of Information and Broadcasting, both for radio transmitters.

Harris Stratex Networks, Inc.

Harris Stratex Networks revenue for the fourth quarter is expected to be $187 million, a 7 percent increase compared to $174 million in the prior-year quarter. Revenue is expected to increase 5 percent compared to sequential third quarter revenue of $178 million. Harris Stratex Networks is a 56 percent majority-owned subsidiary of Harris.

Revenue drivers continue to be the transition to IP networks, the evolution to 4G technologies, and wireless network infrastructure expansion in emerging regions. The company achieved record booking levels in the fourth quarter with a 1.6 to 1 book-to-bill ratio, which is expected to contribute to revenue generation in fiscal 2009. Increased orders came from Africa, Europe, the Middle East and Russia as well as North America. Demand for its Eclipse(TM) product line was particularly strong when compared with prior periods.

Segment GAAP operating loss in the fourth quarter is expected to be $36 million. Non-GAAP operating loss is expected to be $19 million and excludes integration costs of $17 million associated with the Harris Stratex Networks combination. The non-GAAP operating loss resulted from unexpected operating cost increases and accounting errors related to prior periods totaling $32 million.

Outlook

Harris reconfirmed its earnings guidance for fiscal 2009 in a range of $4.05 to $4.15 per diluted share. Fiscal 2009 earnings guidance represents a year-over-year increase of 19 to 22 percent, compared to non-GAAP earnings in fiscal 2008. Revenue in fiscal 2009 is expected to increase by about 8-10 percent compared to fiscal 2008. A reconciliation of GAAP to non-GAAP financial measures is provided in Table 7 along with the accompanying notes.

Harris will host a conference call today at 5:00 p.m. Eastern Time (ET) to discuss its fourth quarter fiscal 2008 financial results. The dial-in number for the teleconference is (719) 325-4756 and the access code is 1862497. Please allow at least 10 minutes prior to the scheduled start time to connect to the teleconference. Harris encourages you to listen via web cast, which will be broadcast live at http://www.harris.com/conference-call. A replay of the teleconference will be available beginning at 9:00 p.m. ET on August 5 and will run until midnight ET on Tuesday, August 12. To access the replay, please call (719) 457-0820, access code 1862497. A recording of the call will also be available on the Harris website beginning at 7:00 p.m. ET on August 5.

About Harris Corporation

Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of more than $5.3 billion and 16,000 employees -- including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications (R) products, systems, and services. Additional information about Harris Corporation is available at http://www.harris.com/.

Non-GAAP Financial Measures

This press release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the SEC, including net income and earnings per share for the fourth quarter of fiscal 2008 and for fiscal 2008 excluding the impact of costs associated with our acquisitions and integration costs associated with the Harris Stratex Networks combination; and earnings per share guidance for fiscal 2009. Harris management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Management also believes that these non-GAAP financial measures enhance the ability of investors to analyze Harris business trends and to understand Harris performance. In addition, Harris may utilize non-GAAP financial measures as a guide in its forecasting, budgeting, and long-term planning process and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP.

Attachments: Financial Statements (eight tables). Forward-Looking Statements

Statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this release include but are not limited to: earnings guidance for fiscal 2009; the potential value of contract awards; and statements regarding outlook, including expected revenue growth. The Company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward- looking statements. The Company's consolidated results and the forward-looking statements could be affected by many factors, including but not limited to: our participation in markets that are often subject to uncertain economic conditions which makes it difficult to estimate growth in our markets and, as a result, future income and expenditures; our dependence on the U.S. government for a significant portion of our revenue, as the loss of this relationship or a shift in U.S. government funding could have adverse consequences on our future business; potential changes in U.S. government or customer priorities due to program reviews or revisions to strategic objectives, including termination of or potential failure to fund U.S. government contracts; risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns; the performance of critical subcontractors or suppliers; financial and government and regulatory risks relating to international sales and operations, including fluctuations in foreign currency exchange rates and the effectiveness of our currency hedging program; our ability to continue to develop new products that achieve market acceptance; the consequences of future geo-political events, which may affect adversely the markets in which we operate, our ability to insure against risks, our operations or our profitability; strategic acquisitions and the risks and uncertainties related thereto, including our ability to manage and integrate acquired businesses; potential claims that we are infringing the intellectual property rights of third parties; the successful resolution of patent infringement claims and the ultimate outcome of other contingencies, litigation and legal matters; customer credit risk; the fair values of our portfolio of passive investments, which values are subject to significant price volatility or erosion; risks inherent in developing new technologies; changes in our effective tax rate that may have an adverse effect on our results of operations; the impact of the results of Harris Stratex Networks, which may vary significantly and may be difficult to forecast; the potential impact of natural disasters on our significant operations in Florida, California and other locations; general economic conditions in the markets in which we operate; changes in future business conditions that could cause business investments and/or recorded goodwill to become impaired; and our ability to attract and retain key employees. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. Harris disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Table 1 HARRIS CORPORATION FY '08 Fourth Quarter Summary condensed Consolidated Statement of Income (Unaudited) Quarter Ended Fiscal Year Ended June 27, June 29, June 27, June 29, 2008 2007 2008 2007 (In millions, except per share amounts) Revenue from product sales and services $1,433.2 $1,207.6 $5,311.0 $4,243.0 Cost of product sales and services (990.0) (827.4) (3,681.7) (2,871.1) Engineering, selling and administrative expenses (270.2) (238.4) (953.8) (830.7) Gain on combination with Stratex Networks, Inc. --- --- --- 163.4 Non-operating income (loss) 2.7 (0.3) 11.4 (16.2) Interest income 1.8 4.0 7.3 13.5 Interest expense (12.9) (11.0) (55.7) (41.1) Income before income taxes and minority interest 164.6 134.5 638.5 660.8 Income taxes (52.5) (50.8) (201.5) (190.9) Minority interest in Harris Stratex Networks, Inc., net of tax 9.6 3.9 7.2 10.5 Net income $121.7 $87.6 $444.2 $480.4 Net income per common share Basic $.91 $.67 $3.32 $3.63 Diluted $.90 $.63 $3.26 $3.43 Cash dividends paid per common share $.15 $.11 $.60 $.44 Basic weighted average shares outstanding 133.7 131.4 133.9 132.5 Diluted weighted average shares outstanding 135.3 139.9 136.5 141.1 Note: Results for the fiscal year ended June 29, 2007 include a $143.1 million after-tax ($1.01 per diluted share) gain on the combination with Stratex Networks, Inc. offset by $22.9 million after-tax and minority interest ($.16 per diluted share) of transaction and integration costs related to the combination. Table 2 HARRIS CORPORATION FY '08 Fourth Quarter Summary Business Segment Information (Unaudited) Quarter Ended Fiscal Year Ended June 27, June 29, June 27, June 29, 2008 2007 2008 2007 (In millions) Revenue Defense Communications and Electronics $566.8 $464.5 $1,975.2 $1,660.8 Government Communications Systems 511.9 414.3 1,999.8 1,512.6 Broadcast Communications 174.2 166.1 643.1 599.5 Harris Stratex Networks 186.8 174.1 718.4 508.0 Corporate eliminations (6.5) (11.4) (25.5) (37.9) $1,433.2 $1,207.6 $5,311.0 $4,243.0 Income Before Income Taxes and Minority Interest Segment Operating Income (Loss): Defense Communications and Electronics $169.7 $131.9 $599.8 $487.1 Government Communications Systems 52.0 33.2 149.8 140.0 Broadcast Communications 8.1 8.2 33.8 11.9 Harris Stratex Networks (35.9) (10.1) (28.5) 146.9 Headquarters expense (18.8) (19.4) (74.0) (69.6) Corporate eliminations (2.1) (2.0) (5.4) (11.7) Non-operating income (loss) 2.7 (0.3) 11.4 (16.2) Net interest (11.1) (7.0) (48.4) (27.6) $164.6 $134.5 $638.5 $660.8 Table 3 HARRIS CORPORATION FY '08 Fourth Quarter Summary CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) Fiscal Year Ended June 27, June 29, 2008 2007 (In millions) Operating Activities Net income $444.2 $480.4 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 172.2 135.2 Purchased in-process research and development write-off 1.4 15.3 Share-based compensation 38.2 28.7 Non-current deferred income tax (4.7) (16.3) Gain on the sale of securities available-for-sale (9.8) --- Gain on the combination with Stratex Networks, Inc. --- (163.4) Minority interest in Harris Stratex Networks, Inc., net of tax (7.2) (10.5) Increase in: Accounts and notes receivable (105.7) (91.9) Inventories (51.3) (46.0) Increase (decrease) in: Accounts payable and accrued expenses 65.3 91.0 Advance payments and unearned income 17.9 (1.2) Income taxes (6.6) 12.5 Other (3.6) 4.8 Net cash provided by operating activities 550.3 438.6 Investing Activities Cash paid for acquired businesses (19.4) (404.6) Cash received in the combination with Stratex Networks, Inc. --- 33.1 Additions of property, plant and equipment (112.9) (88.8) Additions of capitalized software (33.3) (40.3) Proceeds from the sale of securities available-for-sale 13.7 --- Cash paid for short-term investments available-for-sale (9.3) (356.0) Proceeds from the sale of short-term investments available-for-sale 26.6 473.7 Net cash used in investing activities (134.6) (382.9) Financing Activities Proceeds from borrowings 460.5 442.0 Repayment of borrowings (599.4) (39.3) Payment of treasury lock (8.8) --- Proceeds from exercise of employee stock options 40.8 35.7 Repurchases of common stock (225.0) (246.9) Cash dividends (81.5) (58.2) Net cash provided by (used in) financing activities (413.4) 133.3 Effect of exchange rate changes on cash and cash equivalents (0.6) (2.0) Net increase in cash and cash equivalents 1.7 187.0 Cash and cash equivalents, beginning of year 368.3 181.3 Cash and cash equivalents, end of year $370.0 $368.3 Supplemental disclosure of noncash investing and financing activities: Formation and combination of Harris Stratex Networks, Inc.: Contribution of Harris Microwave Communications Division assets and liabilities to the former shareholders of Stratex Networks, Inc. $--- $(117.9) 57% of the fair value of Stratex Networks, Inc. received by Harris Corporation $--- $281.3 Common stock issued in exchange for 3.5% convertible debentures, due fiscal 2023 $163.5 $--- Table 4 HARRIS CORPORATION FY '08 Fourth Quarter Summary CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) June 27, June 29, 2008 2007 (In millions) Assets Cash and cash equivalents $370.0 $368.3 Short-term investments 3.1 20.4 Marketable equity securities 19.3 40.5 Receivables 859.0 748.5 Inventories 610.4 556.8 Current deferred income taxes 117.2 94.3 Other current assets 67.7 67.3 Property, plant and equipment 482.2 459.2 Goodwill 1,547.3 1,525.2 Identifiable intangible assets 367.0 417.9 Other non-current assets 115.4 107.6 $4,558.6 $4,406.0 Liabilities and Shareholders' Equity Short-term debt $8.5 $410.0 Accounts payable 390.8 350.0 Compensation and benefits 181.6 188.1 Other accrued items 239.1 187.5 Advance payments and unearned income 146.4 128.5 Income taxes payable 22.9 64.2 Current portion of long-term debt 5.7 309.8 Non-current deferred income taxes 29.8 61.8 Long-term debt 831.8 408.9 Other long-term liabilities 97.7 66.5 Minority interest in Harris Stratex Networks, Inc. 330.3 326.9 Shareholders' equity 2,274.0 1,903.8 $4,558.6 $4,406.0 HARRIS CORPORATION FY '08 Fourth Quarter Summary RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND REGULATION G DISCLOSURE

To supplement our condensed consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), we provide additional measures of segments' operating income (loss), non-operating income (loss); cost of product sales and services; engineering, selling and administrative expenses; income before income taxes and minority interest; income taxes; minority interest; net income; and net income per diluted share adjusted to exclude certain costs, expenses, gains and losses. Harris management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Harris management also believes that these non-GAAP financial measures enhance the ability of investors to analyze Harris business trends and to understand Harris performance. In addition, Harris may utilize non-GAAP financial measures as a guide in its forecasting, budgeting, and long-term planning process and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP. A reconciliation of these non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP follows:

Table 5 HARRIS CORPORATION FY '08 Fourth Quarter Summary RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Condensed Consolidated Statement of Income (Unaudited) Quarter Ended Quarter Ended June 27, 2008 June 29, 2007 As Adjust- Non- As Adjust- Non- Reported ment GAAP Reported ment GAAP (In millions, except per share amounts) Revenue from product sales and services $1,433.2 $--- $1,433.2 $1,207.6 $--- $1,207.6 Cost of product sales and services (A) (990.0) 11.1 (978.9) (827.4) 2.7 (824.7) Engineering, selling and administrative expenses(B) (270.2) 6.2 (264.0) (238.4) 18.4 (220.0) Non-operating income (loss) 2.7 --- 2.7 (0.3) --- (0.3) Interest income 1.8 --- 1.8 4.0 --- 4.0 Interest expense (12.9) --- (12.9) (11.0) --- (11.0) Income before income taxes and minority interest 164.6 17.3 181.9 134.5 21.1 155.6 Income taxes (52.5) (7.4) (59.9) (50.8) (3.7) (54.5) Minority interest in Harris Stratex Networks, Inc., net of tax 9.6 (3.5) 6.1 3.9 (6.3) (2.4) Net income $121.7 $6.4 $128.1 $87.6 $11.1 $98.7 Net income per diluted common share $.90 $.05 $.95 $.63 $.08 $.71 Fiscal Year Ended Fiscal Year Ended June 27, 2008 June 29, 2007 As Adjust- Non- As Adjust- Non- Reported ment GAAP Reported ment GAAP (In millions, except per share amounts) Revenue from product sales and services $5,311.0 $--- $5,311.0 $4,243.0 $--- $4,243.0 Cost of product sales and services (A) (3,681.7) 17.3 (3,664.4) (2,871.1) 8.7 (2,862.4) Engineering, selling and administrative expenses(B) (953.8) 25.1 (928.7) (830.7) 63.7 (767.0) Gain on combination with Stratex Networks, Inc. (C) --- --- --- 163.4 (163.4) --- Non-operating income (loss)(D) 11.4 --- 11.4 (16.2) 19.8 3.6 Interest income 7.3 --- 7.3 13.5 --- 13.5 Interest expense (55.7) --- (55.7) (41.1) --- (41.1) Income before income taxes and minority interest 638.5 42.4 680.9 660.8 (71.2) 589.6 Income taxes (201.5) (14.0) (215.5) (190.9) (1.8) (192.7) Minority interest in Harris Stratex Networks, Inc., net of tax 7.2 (10.3) (3.1) 10.5 (16.0) (5.5) Net income $444.2 $18.1 $462.3 $480.4 $(89.0) $391.4 Net income per diluted common share $3.26 $.13 $3.39 $3.43 $(.63) $2.80 Table 6 HARRIS CORPORATION FY '08 Fourth Quarter Summary RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Business Segment Information (Unaudited) Quarter Ended Quarter Ended June 27, 2008 June 29, 2007 As Adjust- Non- As Adjust- Non- Reported ment GAAP Reported ment GAAP (In millions) Revenue Defense Communications and Electronics $566.8 $--- $566.8 $464.5 $--- $464.5 Government Communications Systems 511.9 --- 511.9 414.3 --- 414.3 Broadcast Communications 174.2 --- 174.2 166.1 --- 166.1 Harris Stratex Networks 186.8 --- 186.8 174.1 --- 174.1 Corporate eliminations (6.5) --- (6.5) (11.4) --- (11.4) $1,433.2 $--- $1,433.2 $1,207.6 $--- $1,207.6 Income Before Income Taxes and Minority Interest Segment Operating Income (Loss): Defense Communications and Electronics $169.7 $--- $169.7 $131.9 $--- $131.9 Government Communications Systems (E) 52.0 0.4 52.4 33.2 --- 33.2 Broadcast Communi- cations (F) 8.1 0.1 8.2 8.2 3.3 11.5 Harris Stratex Networks (G) (35.9) 16.8 (19.1) (10.1) 17.8 7.7 Headquarters expense (18.8) --- (18.8) (19.4) --- (19.4) Corporate eliminations (2.1) --- (2.1) (2.0) --- (2.0) Non-operating income (loss) 2.7 --- 2.7 (0.3) --- (0.3) Net interest expense (11.1) --- (11.1) (7.0) --- (7.0) $164.6 $17.3 $181.9 $134.5 $21.1 $155.6 Fiscal Year Ended Fiscal Year Ended June 27, 2008 June 29, 2007 As Adjust- Non- As Adjust- Non- Reported ment GAAP Reported ment GAAP (In millions) Revenue Defense Communications and Electronics $1,975.2 $--- $1,975.2 $1,660.8 $--- $1,660.8 Government Communications Systems 1,999.8 --- 1,999.8 1,512.6 --- 1,512.6 Broadcast Communications 643.1 --- 643.1 599.5 --- 599.5 Harris Stratex Networks 718.4 --- 718.4 508.0 --- 508.0 Corporate eliminations (25.5) --- (25.5) (37.9) --- (37.9) $5,311.0 $--- $5,311.0 $4,243.0 $--- $4,243.0 Income Before Income Taxes and Minority Interest Segment Operating Income (Loss): Defense Communications and Electronics $599.8 $--- $599.8 $487.1 $--- $487.1 Government Communications Systems (E) 149.8 1.7 151.5 140.0 --- 140.0 Broadcast Communi- cations (F) 33.8 2.0 35.8 11.9 26.4 38.3 Harris Stratex Networks (G) (28.5) 38.7 10.2 146.9 (117.4) 29.5 Headquarters expense (74.0) --- (74.0) (69.6) --- (69.6) Corporate eliminations (5.4) --- (5.4) (11.7) --- (11.7) Non-operating income (loss)(D) 11.4 --- 11.4 (16.2) 19.8 3.6 Net interest expense (48.4) --- (48.4) (27.6) --- (27.6) $638.5 $42.4 $680.9 $660.8 $(71.2) $589.6 Table 7 HARRIS CORPORATION Reconciliation of FY '08 GAAP EPS to Non-GAAP EPS and Reconciliation of FY '09 GAAP EPS Guidance to FY '08 GAAP and Non-GAAP EPS (Unaudited) Guidance for Fiscal Year Fiscal Year Percent 2008 2009 Growth GAAP Earnings Per Diluted Share $3.26 $4.05 to $4.15 24% to 27% Charges associated with the combination with Stratex Networks, Inc. (H) $0.11 Charges associated with the acquisition of Multimax Incorporated (I) $0.01 Charges associated with the acquisition of Zandar Technologies plc (J) $0.01 Non-GAAP Earnings Per Diluted Share $3.39 $4.05 to $4.15 19% to 22% Table 8 HARRIS CORPORATION FY '08 Fourth Quarter and Full Fiscal Year Year-Over-Year Organic Revenue Growth (Unaudited) Quarter Ended June 29, June 27, Percent 2007 2008 Growth (In millions) Harris Corporation GAAP Revenue $ 1,207.6 $ 1,433.2 19% Impact of acquisitions (K) 73.7 Organic Revenue $ 1,281.3 $ 1,433.2 12% Government Communications Systems GAAP Revenue $414.3 $ 511.9 24% Impact of acquisitions (L) 70.8 Organic Revenue $485.1 $ 511.9 6% Fiscal Year Ended June 29, June 27, Percent 2007 2008 Growth (In millions) Harris Corporation GAAP Revenue $ 4,243.0 $ 5,311.0 25% Impact of acquisitions (M) 453.7 Organic Revenue $ 4,696.7 $ 5,311.0 13% HARRIS CORPORATION FY '08 Fourth Quarter Summary RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) Notes to tables 5 through 8:

Note A - Adjustments to cost of product sales and services for the quarter ended June 27, 2008 are due to an inventory write-down related to an accelerated technology transition to IP-based products associated with the combination between Stratex Networks, Inc. ("Stratex") and our former Microwave Communications Division ($11.1 million). Adjustments to cost of product sales and services for the fiscal year ended June 27, 2008 are due to the impact of integration-related activities associated with the Stratex combination including a step up in fixed assets, an inventory write-down related to an accelerated technology transition to IP-based products and other integration-related costs ($16.9 million) and a step up in inventory associated with our acquisition of Zandar Technologies plc ("Zandar") ($0.4 million). Adjustments to cost of product sales and services for the quarter and the fiscal year ended June 29, 2007 are due to integration-related activities associated with the Stratex combination including the impact of a step up in inventory, step up in fixed assets and write-off of deferred revenue ($2.7 million for the quarter and $8.7 million for the fiscal year ended June 29, 2007).

Note B - Adjustments to engineering, selling and administrative expenses for the quarter ended June 27, 2008 are due to the impact of a step up in fixed assets and integration costs associated with the Stratex combination ($5.7 million), integration costs associated with our acquisition of Multimax Incorporated ("Multimax") ($0.4 million) and integration costs associated with our acquisition of Zandar ($0.1 million). Adjustments to engineering, selling and administrative expenses for the fiscal year ended June 27, 2008 are due to the impact of a step up in fixed assets and integration costs associated with the Stratex combination ($21.8 million), integration costs associated with our acquisition of Multimax ($1.7 million) and integration costs and a write-off of in-process research and development associated with our acquisition of Zandar ($1.6 million). Adjustments to engineering, selling and administrative expenses for the quarter ended June 29, 2007 are due to the impact of amortization of backlog, a step up in fixed assets and other integration- related costs associated with the Stratex combination ($15.1 million) and severance and other expenses associated with cost-reduction actions in our Broadcast Communications segment ($3.3 million). Adjustments to engineering, selling and administrative expenses for the fiscal year ended June 29, 2007 are due to the impact of a write-off of in-process research and development, amortization of backlog, a step up in fixed assets and integration costs associated with the Stratex combination ($37.3 million); severance and other expenses associated with cost-reduction actions in our Broadcast Communications segment ($7.5 million) and a write-down of capitalized software in our Broadcast Communications segment ($18.9 million).

Note C - Adjustment for the gain on the Stratex combination ($163.4 million).

Note D - The adjustment to non-operating income (loss) for the fiscal year ended June 29, 2007 is due to the impairment to our investment in Terion, Inc. ($19.8 million).

Note E - Adjustments to our Government Communications Systems segment operating income for the quarter and fiscal year ended June 27, 2008 are due to integration costs associated with our acquisition of Multimax ($0.4 million and $1.7 million, respectively).

Note F - Adjustments to our Broadcast Communications segment operating income for the quarter ended June 27, 2008 are due to integration costs associated with our acquisition of Zandar ($0.1 million). Adjustments to our Broadcast Communications segment operating income for the fiscal year ended June 27, 2008 are due to the impact of a step up in inventory, integration costs and a write-off of in-process research and development associated with our acquisition of Zandar ($2.0 million). Adjustments to our Broadcast Communications segment operating income for the quarter ended June 29, 2007 are due to severance and other expenses associated with cost-reduction actions ($3.3 million). Adjustments to our Broadcast Communications segment operating income for the fiscal year ended June 29, 2007 are due to severance and other expenses associated with cost-reduction actions ($7.5 million) and a write- down of capitalized software ($18.9 million).

Note G - Adjustments to our Harris Stratex Networks segment operating income for the quarter and fiscal year ended June 27, 2008 are due to the impact of integration-related activities associated with the Stratex combination including a step up in fixed assets, an inventory write-down related to an accelerated technology transition to IP-based products and other integration-related costs ($16.8 million and $38.7 million, respectively). Adjustments to our Harris Stratex Networks segment operating income for the quarter ended June 29, 2007 are due to the impact of integration-related activities associated with the Stratex combination including amortization of backlog, a step up in fixed assets, a step up in inventory and other integration-related costs ($17.8 million). Adjustments to our Harris Stratex Networks segment operating income for the fiscal year ended June 29, 2007 are due to the impact of the gain on the Stratex combination ($163.4 million) offset by the impact of integration-related activities associated with the Stratex combination including amortization of backlog, a step up in fixed assets, a step up in inventory and other integration-related costs ($46.0 million).

Note H - Adjustment for the $.11 per diluted share impact, after minority interest, of a step up in fixed assets and integration costs associated with the Stratex combination.

Note I - Adjustment for the $.01 per diluted share impact of integration and other charges associated with our acquisition of Multimax.

Note J - Adjustment for the $.01 per diluted share impact of integration and other charges associated with our acquisition of Zandar.

Note K - Adjustments to add revenue of Multimax and Zandar during the fourth quarter of Harris' fiscal year 2007 and to subtract revenue during the fourth quarter of Harris' fiscal year 2007 of our radio resale business exited in the fourth quarter of fiscal 2007.

Note L - Adjustments to add revenue of Multimax during the fourth quarter of Harris' fiscal year 2007.

Note M - Adjustments to add revenue of Stratex during Harris' fiscal year 2007 prior to the Stratex combination and revenue of Multimax and Zandar during Harris' fiscal year 2007 and to subtract revenue during Harris' fiscal year 2007 of our radio resale business exited in the fourth quarter of fiscal 2007.

Harris Corporation

CONTACT: Investors, Pamela Padgett, +1-321-727-9383,
pamela.padgett@harris.com, Media, Jim Burke, +1-321-727-9131,
jim.burke@harris.com, both of Harris Corporation, webmaster@harris.com

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

FIS Announces Second Quarter ResultsTransaction Processing Revenue Increases 26.6%Strong Organic Revenue Growth of 6.6%

JACKSONVILLE, Fla., Aug. 5 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. , a leading global provider of technology services to financial institutions, today announced consolidated financial results for the second quarter of 2008.

Consolidated revenue increased 19.0% to $1.3 billion, including approximately $137.2 million in revenue from eFunds, which FIS acquired in September 2007. Excluding eFunds, consolidated revenue increased 6.8% over the comparable 2007 quarter, driven by 8.2% growth in the Lender Processing Services segment and 6.6% growth in Transaction Processing Services segment. GAAP net earnings totaled $71.9 million, and net earnings from continuing operations totaled $0.38 per diluted share.

Adjusted EBITDA increased 13.0% to $331.5 million compared to $293.3 million in the second quarter of 2007. The EBITDA margin was 24.8% compared to 26.1% in the prior-year quarter. Margins were negatively impacted by revenue mix, declines in certain mortgage origination services and higher corporate expense. Adjusted net earnings from continuing operations totaled $0.66 per diluted share compared to $0.57 per diluted share in the prior year, an increase of 15.8%.

"FIS delivered solid revenue and earnings growth, despite continued economic volatility," stated William P. Foley, II, executive chairman of FIS. "The strong performance by both businesses demonstrates the strength of our operating models and the advantages that come from diverse revenue streams and a broadly distributed customer base."

FIS' operating results are presented in accordance with generally accepted accounting principles ("GAAP") and on an adjusted pro forma basis, which management believes provides more meaningful comparisons between the periods presented. The adjusted results exclude the after-tax impact of merger and acquisition and integration expenses, certain stock compensation charges, debt restructuring and other charges, gains (losses) on the sale of certain non-strategic assets and acquisition related amortization.

Divestitures and Discontinued Operations

During the first half of 2008, FIS completed the sale of two non-strategic businesses, FIS Credit Services and Certegy Gaming Services. The company also exited a small operation that provided services to the residential homebuilding market. Information pertaining to historical revenue and earnings per diluted share is provided in the attachments to the company's first quarter 2008 press release dated April 22, 2008, which is posted on FIS' website http://www.fidelityinfoservices.com/ .

On July 2, 2008, FIS successfully completed the spin-off of Lender Processing Services, Inc., and on July 14, 2008, the company announced that it reached an agreement to sell the operating assets of Certegy Australia, Ltd. FIS anticipates reporting both businesses as discontinued operations beginning in the third quarter of 2008. For comparative purposes, Exhibit F of this press release presents the operating results of LPS as discontinued operations, consistent with the manner in which FIS expects to report results in future periods.

Segment Information

The following discussion, together with Exhibits A through E of the press release, provides information for the Transaction Processing Services segment and the Lender Processing Services segment as historically reported by FIS. Exhibit F of this press release recasts results for FIS (stand-alone TPS) for the three months ended June 30, 2008 and 2007 in a manner consistent with future reporting periods. Lender Processing Services, Inc. has provided additional segment information in a separate press release dated August 5, 2008. Both companies distributed information regarding previously reported periods in separate Form 8-K filings on August 1, 2008.

Transaction Processing Services (TPS), which provides core processing and payment technology solutions to financial institutions, generated revenue of $867.2 million in the quarter (including $137.2 million from eFunds) compared to $684.8 million in the prior-year period, an increase of 26.6%.

Excluding eFunds, TPS revenue increased 6.6% to $730.0 million driven by strong growth in International, which rose 34.2% to $192.3 million, and Integrated Financial Solutions which increased 4.5% to $310.6 million. Termination fees totaled $1.6 million in the second quarter of 2008 compared to $10.6 million in the second quarter of 2007. Excluding eFunds and termination fees, TPS revenue increased 8.0%.

The strong performance in International was fueled by growth in core bank processing and related services, the company's Brazilian card processing joint venture and favorable currency rates. IFS reported solid growth, despite the previously referenced $9.0 million reduction in termination fees. Excluding the impact of these fees from both years, IFS revenue increased 7.9% compared to the prior-year quarter.

Enterprise Solutions revenue, excluding eFunds, totaled $227.4 million reflecting a 7.3% decline compared to the prior-year quarter revenue of $245.2 million. The decrease is primarily attributable to a significant customer implementation which generated revenue of $11.2 million in the prior-year quarter, as previously referenced by the company. Revenue in the company's retail check risk management business declined $6.1 million from the prior year quarter and also adversely impacted Enterprise Solutions' comparative growth rate.

Transaction Processing Services adjusted EBITDA increased 26.0% to $216.1 million. The adjusted EBITDA margin was 24.9% compared to 25.1% in second quarter of 2007, and increased sequentially over the 23.6% margin realized in the first quarter of 2008.

The Lender Processing Services segment (LPS), which provides integrated technology and services to the mortgage industry, generated revenue of $471.8 million, or 8.2% above the prior-year period, driven primarily by continued strong growth in default services. Lender Processing Services' adjusted EBITDA increased 5.7% to $150.9 million, and the adjusted EBITDA margin was 32.0% compared to 32.9% in the prior-year quarter.

Consolidated corporate expense, as adjusted, increased $11.7 million to $39.3 million in the second quarter of 2008, primarily due to higher incentive compensation accruals and stock option expense. FIS' consolidated effective tax rate was 35.4% in the second quarter and 36.0% for the first six months of 2008.

Update on Review of Strategic Initiatives

On August 2, 2007, FIS announced a plan to review strategic alternatives for its retail check risk management business. Subsequently, on April 24, 2008, FIS announced the sale of Certegy Gaming Services, Inc., which was a part of that business. On July 14, 2008, FIS announced the sale of the operating assets of Certegy Australia, which was also a part of the check risk management business. Upon further review, FIS has determined that it will not pursue the sale of the remaining point-of-sale check risk management business at this time.

Outlook

FIS (on a post-spin basis) reported adjusted net earnings of $0.28 per diluted share and $0.36 per diluted share in the first and second quarters of 2008, respectively. Due to a lower than expected effective tax rate, the company anticipates full year 2008 adjusted net earnings to approximate $1.51 to $1.57 per diluted share, compared to previous guidance of $1.48 to $1.54 per diluted share based on an expected tax rate of 35.0% in the second half of the year. This compares to adjusted net earnings of $1.23 per diluted share in 2007 as presented at the company's May 28, 2008, investor meeting. The $1.23 per diluted share in 2007 reconciles to $0.99 per diluted share when accounting for LPS as a discontinued operation, as presented in Exhibit B of the Form 8-K filed on August 1, 2008.

Lender Processing Services, Inc. provided full year earnings guidance in a separate press release dated August 5, 2008.

Use of Non-GAAP Financial Information

FIS reports several non-GAAP measures, including earnings before interest, taxes, depreciation and amortization ("EBITDA") and adjusted net earnings. The adjusted results exclude the after-tax impact of merger and acquisition and integration expenses, certain stock compensation charges, debt restructuring and other costs, gains (losses) on the sale of certain non-strategic assets and acquisition related amortization. Any non-GAAP measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP net earnings. A reconciliation of these non-GAAP measures to related GAAP measures is included in the attachments to this release.

Conference Call and Webcast

FIS and LPS will host a joint call with investors and analysts to discuss second quarter 2008 results on Tuesday, August 5, 2008, beginning at 5:00 p.m. Eastern daylight time. To register for the event and to access supplemental materials, go to the Investor Relations section at http://www.fidelityinfoservices.com/ and click on "Events and Multimedia." Those wishing to participate via the telephone may do so by calling 800-762-4832 (USA) or 480-248-5088 (International). The webcast replay will be available on FIS' Investor Relations website. The telephone replay will be available through August 12, 2008, by dialing 800-475-6701 (USA) or 320-365-3844 (International). The access code will be 953904. To access a PDF version of this release and accompanying financial tables, go to http://www.investor.fidelityinfoservices.com/ .

About Fidelity National Information Services, Inc.

Fidelity National Information Services, Inc. , a Fortune 500 company, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one overall financial technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 13,000 financial institutions in more than 80 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/ .

About Lender Processing Services, Inc.

Lender Processing Services, Inc. is a leading provider of integrated technology and services to the mortgage industry. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, portfolio retention and default, augmented by the company's award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages are serviced using LPS' Mortgage Servicing Package (MSP). In fact, many of the nation's top servicers rely on MSP, including seven of the top 10 and 16 of the top 20. LPS also offers proprietary mortgage and real estate data and analytics for the

mortgage and capital markets industries. For more information about LPS, please visit http://www.lpsvcs.com/ .

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; the effects of our substantial leverage which may limit the funds available to make acquisitions and invest in our business; the risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in the banking, retail and financial services industries; failures to adapt our services to changes in technology or in the marketplace; our potential inability to find suitable acquisition candidates or difficulties in integrating acquisitions; significant competition that our operating subsidiaries face; the possibility that our acquisition of EFD/eFunds may not be accretive to our earnings due to undisclosed liabilities, management or integration issues, loss of customers, the inability to achieve targeted cost savings, or other factors; and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.

FIS-e

Fidelity National Information Services, Inc. Earnings Release Supplemental Financial Information August 5, 2008 Exhibit A Consolidated Statements of Earnings for the Three- and Six-Month Periods ended June 30, 2008 and 2007 Exhibit B Consolidated Balance Sheets as of June 30, 2008 and December 31, 2007 Exhibit C Consolidated Statements of Cash Flows for the Six-Month Periods ended June 30, 2008 and 2007 Exhibit D Supplemental Financial Information for the Three- and Six-Month Periods ended June 30, 2008 and 2007 Exhibit E Supplemental Non-GAAP Financial Information for the Three- and Six-Month Periods ended June 30, 2008 and 2007 Exhibit F FIS Recast Consolidated Income Statements and Supplemental Financial Information - Unaudited for the Three- and Six-Month Periods Ended June 30, 2008 and 2007, presenting LPS as a discontinued operation Exhibit A FIDELITY NATIONAL INFORMATION SERVICES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS - UNAUDITED (In thousands, except per share data) Three months Six months ended June 30, ended June 30, 2008 2007 2008 2007 Processing and services revenues $1,339,038 $1,125,034 $2,629,990 $2,196,474 Cost of revenues 962,964 802,461 1,891,519 1,574,842 Selling, general and administrative expenses 175,384 119,616 338,935 232,698 Research and development costs 26,567 23,588 53,635 50,697 Operating income 174,123 179,369 345,901 338,237 Other income (expense): Interest income 1,904 490 4,922 1,049 Gain on sale of Covansys stock - 92,044 - 92,044 Other income 2,183 811 1,732 1,476 Interest expense (62,800) (42,969) (125,248) (115,084) Total other income (expense) (58,713) 50,376 (118,594) (20,515) Earnings before income taxes, equity earnings and minority interest 115,410 229,745 227,307 317,722 Provision for income taxes 40,867 84,580 81,822 117,309 Equity in (losses) earnings of unconsolidated entities (317) 736 (2,274) 1,672 Minority interest expense (716) (286) (838) (110) Net earnings from continuing operations 73,510 145,615 142,373 201,975 (Loss) earnings from discontinued operations, net of tax (1,603) 2,389 34 5,532 Net earnings $71,907 $148,004 $142,407 $207,507 Net earnings per share- basic from continuing operations $0.38 $0.76 $0.74 $1.05 Net earnings (loss) per share-basic from discontinued operations (0.01) 0.01 0.00 0.03 Net earnings per share- basic $0.37 $0.77 $0.74 $1.08 Weighted average shares outstanding-basic 192,538 192,743 193,541 192,323 Net earnings per share- diluted from continuing operations $0.38 $0.74 $0.73 $1.03 Net earnings (loss) per share-diluted from discontinued operations (0.01) 0.01 0.00 0.03 Net earnings per share- diluted $0.37 $0.75 $0.73 $1.06 Weighted average shares outstanding-diluted 194,448 196,977 195,493 196,395 Exhibit B FIDELITY NATIONAL INFORMATION SERVICES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands) As of As of June 30, December 31, 2008 2007 (unaudited) Assets Current assets: Cash and cash equivalents $207,035 $355,278 Settlement deposits 33,665 21,162 Trade receivables, net 914,204 825,915 Other receivables 189,248 206,746 Settlement receivables 109,056 116,935 Receivable from FNF 8,727 14,907 Prepaid expenses and other current assets 155,187 168,454 Deferred income taxes 120,479 120,098 Total current assets 1,737,601 1,829,495 Property and equipment, net of accumulated depreciation and amortization 394,496 392,508 Goodwill 5,337,592 5,326,831 Other intangible assets, net of accumulated amortization 1,007,613 1,030,582 Computer software, net of accumulated amortization 825,929 775,151 Deferred contract costs 274,758 256,852 Investment in FNRES 28,136 30,491 Long-term notes receivable from FNF 5,859 6,154 Other noncurrent assets 166,461 146,519 Total assets $9,778,445 $9,794,583 Liabilities and Stockholders' Equity Current liabilities: Accounts payable and accrued liabilities $540,845 $606,179 Settlement payables 140,411 129,799 Deferred revenues 243,717 246,222 Current portion of long-term debt 297,129 272,014 Total current liabilities 1,222,102 1,254,214 Deferred revenues 130,349 111,884 Deferred income taxes 402,753 394,972 Long-term debt, excluding current portion 3,975,078 4,003,383 Other long-term liabilities 217,356 234,757 Total liabilities 5,947,638 5,999,210 Minority interest 75,290 14,194 Stockholders' equity: Preferred stock $0.01 par value - - Common stock $0.01 par value 1,994 1,990 Additional paid in capital 3,068,804 3,038,203 Retained earnings 1,022,664 899,512 Accumulated other comprehensive earnings 86,099 53,389 Treasury stock (424,044) (211,915) Total stockholders' equity 3,755,517 3,781,179 Total liabilities and stockholders' equity $9,778,445 $9,794,583 Exhibit C FIDELITY NATIONAL INFORMATION SERVICES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED (In thousands) Six months ended June 30, 2008 2007 Cash flows from operating activities: Net earnings $142,407 $207,507 Adjustment to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 244,517 224,504 Amortization of debt issue costs 2,859 28,436 (Gain) on sale of Covansys stock - (92,044) Net (Gain) on sale of Non Strategic businesses (1,040) - Stock-based compensation cost 42,167 17,240 Deferred income taxes 3,030 3,551 Income tax benefit from exercise of stock options (932) (11,161) Equity in (earnings) loss of unconsolidated entities 2,274 (1,672) Minority interest 838 664 Changes in assets and liabilities, net of effects from acquisitions: Net increase in trade receivables (58,199) (119,223) Net decrease (increase) in prepaid expenses and other assets (6,714) (45,890) Additions to deferred contract costs (39,502) (25,741) Net increase in deferred revenue 15,696 4,389 Net (decrease) increase in accounts payable, accrued liabilities and other liabilities (104,569) 52,527 Net cash provided by operating activities 242,832 243,087 Cash flows from investing activities: Additions to property and equipment (43,896) (60,202) Additions to capitalized software (111,750) (93,808) Other Investing Activities (4,665) - Cash received from sale of Covansys stock - 136,338 Net proceeds from sale of company assets 33,506 - Acquisitions, net of cash acquired (17,404) (65,750) Net cash used in investing activities (144,209) (83,422) Cash flows from financing activities: Borrowings 2,699,600 2,700,300 Debt service payments (2,704,573) (2,874,198) Capitalized debt issue costs (13) (12,577) Dividends paid (19,255) (19,267) Income tax benefit from exercise of stock options 932 11,161 Stock options exercised 11,545 43,194 Treasury stock purchases (236,168) - Net cash used in financing activities (247,932) (151,387) Effect of foreign currency exchange rates on cash 1,066 859 Net (decrease) increase in cash and cash equivalents (148,243) 9,137 Cash and cash equivalents, at beginning of period 355,278 211,753 Cash and cash equivalents, at end of period $207,035 $220,890 Exhibit D FIDELITY NATIONAL INFORMATION SERVICES, INC. SUPPLEMENTAL FINANCIAL INFORMATION - UNAUDITED (In thousands, except per share data) Three Month Periods Six Month Periods ended June 30, ended June 30, 2008 2007 2008 2007 1. Revenues Revenue from Continuing Operations: TPS Integrated Financial Solutions $380,463 $297,117 $749,048 $580,870 Enterprise Solutions 284,278 245,174 564,822 479,734 International 203,755 143,293 381,864 281,478 Other (1,265) (773) (1,704) (1,321) Total TPS Revenue 867,231 684,811 1,694,030 1,340,761 Total LPS Revenue 471,757 436,202 935,870 848,560 Corporate 50 4,021 90 7,153 Total Revenue from Continuing Operations 1,339,038 1,125,034 2,629,990 2,196,474 Total Revenue from Continuing Operations, excluding eFunds $1,201,838 $1,125,034 $2,351,480 $2,196,474 Revenue Growth from Prior Year Period Revenue from Continuing Operations: TPS Integrated Financial Solutions 28.1% 9.1% 29.0% 7.1% Enterprise Solutions 15.9% 10.8% 17.7% 9.2% International 42.2% 44.3% 35.7% 50.9% Other -63.6% 73.2% -29.0% 78.9% Total TPS Revenue Growth 26.6% 16.1% 26.3% 15.4% Total LPS Revenue Growth 8.2% 16.6% 10.3% 14.2% Corporate -98.8% 47.3% -98.7% 64.9% Total Revenue from Continuing Operations 19.0% 16.4% 19.7% 15.0% Total Revenue Growth, excluding eFunds 6.8% 16.4% 7.1% 15.0% 2. TPS Revenue from Continuing Operations, Excluding eFunds TPS Integrated Financial Solutions $310,613 $297,117 $608,179 $580,870 Enterprise Solutions 227,398 245,174 454,003 479,734 International 192,345 143,293 354,087 281,478 Other (355) (773) (778) (1,321) Total TPS Revenue, excluding eFunds $730,001 $684,811 $1,415,491 $1,340,761 TPS Revenue Growth from Prior Year Period, excluding eFunds TPS Integrated Financial Solutions 4.5% 9.1% 4.7% 7.1% Enterprise Solutions -7.3% 10.8% -5.4% 9.2% International 34.2% 44.3% 25.8% 50.9% Other 54.1% 73.2% 41.1% 78.9% Total TPS Revenue Growth, excluding eFunds 6.6% 16.1% 5.6% 15.4% 3. Depreciation and Amortization Depreciation and Amortization $65,082 $68,027 $133,793 $130,590 Purchase Price Amortization 44,439 37,897 90,999 78,677 Other Amortization 10,864 7,968 19,725 15,237 Total Depreciation and Amortization $120,385 $113,892 $244,517 $224,504 Depreciation and Amortization Relating to Non-recurring Adjustments $- $393 $- $1,076 Depreciation and Amortization from Discontinued Operations 102 1,714 1,496 3,430 Total Depreciation and Amortization from Continuing Operations, as adjusted $120,283 $111,785 $243,021 $219,998 4. Stock Compensation Expense Stock Compensation Expense, Excluding Acceleration Charges $13,183 $8,751 $25,367 $17,240 Stock Acceleration Expense 2,606 - 16,800 - Total Stock Compensation Expense $15,789 $8,751 $42,167 $17,240 Exhibit E FIDELITY NATIONAL INFORMATION SERVICES, INC. NON-GAAP FINANCIAL INFORMATION - UNAUDITED (In thousands, except per share data) Three Month Periods Six Month Periods ended June 30, ended June 30, 2008 2007 2008 2007 1. EBIT and EBITDA - Consolidated Revenue from Continuing Operations $1,339,038 $1,125,034 $2,629,990 $2,196,474 Operating Income $174,123 $179,369 $345,901 $338,237 M&A, Restructuring and Integration Costs 31,555 2,195 46,525 7,156 LPS Spin Costs 5,582 - 8,440 - EBIT, as adjusted $211,260 $181,564 $400,866 $345,393 Depr and Amort from Cont Ops, as adjusted 120,283 111,785 243,021 219,998 EBITDA, as adjusted $331,543 $293,349 $643,887 $565,391 EBIT Margin, as adjusted 15.8% 16.1% 15.2% 15.7% EBITDA Margin, as adjusted 24.8% 26.1% 24.5% 25.7% 2. EBITDA - TPS Revenue from Continuing Operations $867,231 $684,811 $1,694,030 $1,340,761 Operating Income $116,006 $99,172 $223,885 $189,231 Depreciation 41,858 37,859 84,982 71,610 Purchase Price Amortization 35,459 27,027 71,545 56,225 Other Amortization 10,270 7,516 18,656 14,385 EBITDA, before other items $203,593 $171,574 $399,068 $331,451 M&A, Restructuring and Integration Costs 12,542 - 12,542 - EBITDA, excluding other items $216,135 $171,574 $411,610 $331,451 EBITDA Margin, as adjusted 24.9% 25.1% 24.3% 24.7% 3. Net Earnings - Reconciliation Net Earnings from Continuing Operations $73,510 $145,615 $142,373 $201,975 M&A, Restructuring and Integration Costs, net of tax 22,143 1,385 31,634 4,501 LPS Spin Costs, net of tax 3,606 - 5,418 - Covansys Gain, net of tax - (57,988) - (57,988) Debt Restructure Charge, net of tax - - - 17,059 Net Earnings from Continuing Operations, excluding other items 99,259 89,012 179,425 165,547 After-tax Purchase Price Amortization 28,595 23,901 58,113 49,513 Adjusted Net Earnings from Continuing Operations $127,854 $112,913 $237,538 $215,060 Net Earnings Per Share from Continuing Operations, excluding other items $0.51 $0.45 $0.92 $0.84 Adjusted Net Earnings from Continuing Operations Per Share $0.66 $0.57 $1.22 $1.10 Diluted Weighted Average Shares 194,448 196,977 195,493 196,395 Exhibit E FIDELITY NATIONAL INFORMATION SERVICES, INC. RECONCILIATION OF GAAP TO NON-GAAP CASHFLOW MEASURES - UNAUDITED (In thousands) Six Months Ended June 30, 2008 GAAP Adj Non-GAAP Cash flows from operating activities: Net earnings (1) $142,407 26,207 168,614 Adjustments to reconcile net earnings to net cash provided by operating activities: Non-cash adjustments 294,645 - 294,645 Working capital adjustments (2) (194,220) 64,432 (129,788) Net cash provided by operating activities 242,832 90,639 333,471 Capital expenditures included in investing activities: Additions to property and equipment (43,896) - (43,896) Additions to capitalized software (111,750) - (111,750) Net capital expenditures (155,646) - (155,646) Net free cash flow $87,186 90,639 177,825 Six Months Ended 6/30/2007 GAAP Adj Non-GAAP Cash flows from operating activities: Net earnings (1) $207,507 4,498 212,005 Adjustments to reconcile net earnings to net cash provided by operating activities: Non-cash adjustments 180,679 - 180,679 Working capital adjustments (2) (145,099) 30,800 (114,299) Net cash provided by operating activities 243,087 35,298 278,385 Capital expenditures included in investing activities: Additions to property and equipment (60,202) - (60,202) Additions to capitalized software (93,808) - (93,808) Net capital expenditures (154,010) - (154,010) Net free cash flow $89,077 35,298 124,375 Notes: (1) Adjustments to Net Earnings to eliminate the after-tax impact of non-recurring integration costs and LPS spin-off costs (2) Adjustments to working capital reflect elimination of settlement of various acquisition related liabilities. Exhibit F FIDELITY NATIONAL INFORMATION SERVICES, INC. SUPPLEMENTAL FINANCIAL INFORMATION - UNAUDITED (In thousands, except per share data)

On July 2, 2008, FIS completed the spin-off of Lender Processing Services, Inc. ("LPS"). Since the Completion of the spin-off occurred subsequent to the reporting period ended June 30, 2008, generally accepted accounting principals do not allow presentation of LPS as a discontinued operation until FIS presents operating results for the three and nine-month periods ended September 30, 2008.

Because of these requirements and desire to furnish additional information to investors to improve the understanding of the Company's operating performance, management is separately furnishing information which reflects the operations of LPS as a discontinued operation.

The purpose of the schedule below is to recast the three and six-month periods ended June 30, 2008 and 2007 in a manner consistent with how FIS will report results beginning in the third quarter of 2008. These schedules report the operating results of LPS, and other smaller operations which we have exited, as discontinued operations. Revenues and expenses associated with LPS and other disposed entities are presented as discontinued operations in the consolidated statements of earnings. Discontinued operations are reflected separately, net of tax, below net earnings from continuing operations.

Three Three Six Six Months Months Months Months Ended Ended Ended Ended 6/30/2008 6/30/2007 6/30/2008 6/30/2007 1. Income Statement-Assumes LPS as a Discontinued Operation Processing and services revenues $878,653 $701,630 $1,716,876 $1,372,882 Cost of revenues 674,032 540,269 1,322,300 1,061,465 Gross profit 204,621 161,361 394,576 311,417 Selling, general and administrative 122,223 74,668 238,415 144,225 Research and development costs 19,357 14,905 37,640 32,423 Operating Income 63,041 71,788 118,521 134,769 Interest income 1,637 165 4,395 374 Interest expense (44,441) (42,934) (84,018) (115,007) Gain on sale of Covansys stock - 92,044 - 92,044 Other income 2,224 1,336 1,783 1,428 Earnings from continuing operations before tax and minority interest 22,461 122,399 40,681 113,608 Provision for income tax 4,802 43,284 9,410 38,564 Earnings before equity in earnings (losses) and minority interest 17,659 79,115 31,271 75,044 Equity in earnings (losses) of unconsolidated entities, net (157) 1,330 (157) 2,738 Minority interest expense (income), net of tax 306 11 116 (328) Net earnings from continuing operations 17,196 80,434 30,998 78,110 Earnings from discontinued operations 54,711 67,570 111,409 129,397 Net earnings 71,907 148,004 142,407 207,507 Net Earnings from Continuing Operations Per Share - Diluted $0.09 $0.41 $0.16 $0.40 2. Revenues Revenue from Continuing Operations: TPS Integrated Financial Solutions $380,463 $297,117 $749,048 $580,870 Enterprise Solutions 284,278 245,174 564,822 479,734 International 203,755 143,293 381,864 281,478 Other (1,265) (773) (1,704) (1,321) Total TPS Revenue 867,231 684,811 1,694,030 1,340,761 Corporate 11,422 16,819 22,846 32,121 Total Revenue from Continuing Operations 878,653 701,630 1,716,876 1,372,882 Revenue Growth from Prior Year Period Revenue from Continuing Operations: TPS Integrated Financial Solutions 28.1% 9.1% 29.0% 7.1% Enterprise Solutions 15.9% 10.8% 17.7% 9.2% International 42.2% 44.3% 35.7% 50.9% Other -63.6% 73.2% -29.0% 78.9% Total TPS Revenue Growth 26.6% 16.1% 26.3% 15.4% Corporate -32.1% -19.6% -28.9% -21.1% Total Revenue from Continuing Operations 25.2% 14.7% 25.1% 14.6% 3. TPS Revenue from Continuing Operations, excluding eFunds TPS Integrated Financial Solutions $310,613 $297,117 $608,179 $580,870 Enterprise Solutions 227,398 245,174 454,003 479,734 International 192,345 143,293 354,087 281,478 Other (355) (773) (778) (1,321) Total TPS Revenue, excluding eFunds $730,001 $684,811 $1,415,491 $1,340,761 TPS Revenue Growth from Prior Year Period, excluding eFunds TPS Integrated Financial Solutions 4.5% 9.1% 4.7% 7.1% Enterprise Solutions -7.3% 10.8% -5.4% 9.2% International 34.2% 44.3% 25.8% 50.9% Other 54.1% 73.2% -41.1% 78.9% Total TPS Revenue Growth, excluding eFunds 6.6% 16.1% 5.6% 15.4% 4. Depreciation and Amortization Depreciation and Amortization $65,082 $68,027 $133,793 $130,590 Purchase Price Amortization 44,439 37,897 90,999 78,677 Other Amortization 10,864 7,968 19,725 15,237 Total Depreciation and Amortization $120,385 $113,892 $244,517 $224,504 Depreciation and Amortization Related to Non-recurring Adjustments $- $393 $- $1,076 Depreciation and Amortization from Discontinued Operations 22,506 26,491 43,246 53,048 Total Depreciation and Amortization from Continuing Operations, as adjusted $97,879 $87,008 $201,271 $170,380 5. Capital Expenditures Total Capital Expenditures - Continuing Operations 52,260 65,642 130,509 125,438 Total Capital Expenditures - Discontinued Operations 13,838 14,252 25,137 28,572 Total Capital Expenditures $66,098 $79,894 $155,646 $154,010 6. Stock Compensation Stock Compensation, Excluding Acceleration Charges $13,183 $8,751 $25,367 $17,240 Stock Compensation Acceleration Charges 2,606 - 16,800 - Total Stock Compensation $15,789 $8,751 $42,167 $17,240 Stock Compensation Related to Discontinued Operations for LPS 4,433 3,645 9,120 7,215 Stock Compensation from Continuing Operations $11,356 $5,106 $33,047 $10,025 Exhibit F FIDELITY NATIONAL INFORMATION SERVICES, INC. NON-GAAP FINANCIAL INFORMATION - UNAUDITED (In thousands, except per share data) Three Three Six Six Months Months Months Months Ended Ended Ended Ended 6/30/2008 6/30/2007 6/30/2008 6/30/2007 1. EBIT and EBITDA - Consolidated Revenue from Continuing Operations $878,653 $701,630 $1,716,876 $1,372,882 Operating Income from Continuing Operations $63,041 71,788 $118,521 134,769 M&A, Restructuring and Integration Costs 29,071 2,195 44,041 7,156 LPS Spin Costs 5,582 - 8,440 - EBIT, as adjusted $97,694 73,983 $171,002 141,925 Depr and Amort from Cont Ops, as adjusted 97,879 87,008 201,271 170,380 EBITDA, as adjusted $195,573 160,991 $372,273 312,305 EBIT Margin, as adjusted 11.1% 10.5% 10.0% 10.3% EBITDA Margin, as adjusted 22.3% 22.9% 21.7% 22.7% 2. Net Earnings - Reconciliation Net Earnings from Continuing Operations $17,196 80,434 $30,998 78,110 M&A, Restructuring and Integration Costs, net of tax 20,538 1,385 30,029 4,501 LPS Spin Costs, net of tax 3,606 - 5,418 - Covansys Gain, net of tax - (57,988) - (57,988) Debt Restructure Charge, net of tax - - - 17,059 Corporate Costs-LPS Non- Disc Ops 6,342 3,940 12,580 5,892 Interest Expense-LPS Non- Disc Ops - 11,819 - 23,567 Net Earnings from Continuing Operations, Excluding Certain Items 47,682 39,590 79,025 71,141 After-tax Purchase Price Amortization 23,099 17,578 46,681 36,463 Adjusted Net Earnings from Continuing Operations $70,781 57,168 $125,706 107,604 Net Earnings from Continuing Operations Per Share, excluding other items $0.25 0.20 $0.40 0.36 Adjusted Net Earnings Per Share $0.36 0.29 $0.64 0.55 Diluted Weighted Average Shares 194,448 196,977 195,493 196,395 Fidelity National Information Services 2008 Recast Income Statements Exhibit F Q/E 6/30/08 (A) Disc Ops Three Months Ended June 30, 2008 TPS LPS Corporate FIS LPS (B) Total revenue $867,231 $471,757 $50 $1,339,038 $460,385 Total cost of revenue 665,660 297,304 - 962,964 288,932 Gross profit 201,571 174,453 50 376,074 171,453 General and administrative 66,208 53,161 56,015 175,384 53,161 Research and development costs 19,357 7,210 - 26,567 7,210 Income from operations 116,006 114,082 (55,965) 174,123 111,082 Interest income 1,904 1,904 267 Interest expense (62,800) (62,800) (18,359) Other income 2,183 2,183 (41) Income from continuing operations before tax and minority interest 116,006 114,082 (114,678) 115,410 92,949 Provision for income tax 40,867 40,867 36,065 Income from operations 116,006 114,082 (155,545) 74,543 56,884 Equity in earnings of unconsolidated entities, net (317) (317) (160) Minority interests in earnings, net of tax 716 716 410 Net earnings from continuing operations 116,006 114,082 (156,578) 73,510 56,314 Earnings from discontinued operations - - (1,603) (1,603) - Net earnings $116,006 $114,082 $(158,181) $71,907 $56,314 Net earnings per share-basic - continuing operations $0.38 Net earnings per share-basic - discontinued operations (0.01) Net earnings per share-basic $0.37 Pro forma Weighted average shares-basic 192,538 Net earnings per share-diluted - continuing operations $0.38 Net earnings per share-diluted - discontinued operations (0.01) Net earnings per share-diluted $0.37 Pro forma Weighted average shares- diluted 194,448 Q/E 6/30/08 Recast (C) Corporate & Three Months Ended June 30, 2008 TPS Other FIS Total revenue $867,231 $11,422 $878,653 Total cost of revenue 665,660 8,372 674,032 Gross profit 201,571 3,050 204,621 General and administrative 66,208 56,015 122,223 Research and development costs 19,357 - 19,357 Income from operations 116,006 (52,965) 63,041 Interest income 1,637 1,637 Interest expense (44,441) (44,441) Other income 2,224 2,224 Income from continuing operations before tax and minority interest 116,006 (93,545) 22,461 Provision for income tax 4,802 4,802 Income from operations 116,006 (98,347) 17,659 Equity in earnings of unconsolidated entities, net (157) (157) Minority interests in earnings, net of tax 306 306 Net earnings from continuing operations 116,006 (98,810) 17,196 Earnings from discontinued operations 54,711 54,711 Net earnings $116,006 $(44,099) $71,907 Net earnings per share-basic - continuing operations $0.09 Net earnings per share-basic - discontinued operations 0.28 Net earnings per share-basic $0.37 Pro forma Weighted average shares- basic 192,538 Net earnings per share-diluted - continuing operations $0.09 Net earnings per share-diluted - discontinued operations 0.28 Net earnings per share-diluted $0.37 Pro forma Weighted average shares - diluted 194,448 (A) These columns represent the historical segment presentation of FIS. (B) This column represents the components of LPS previously reported within the Lender Processing Services segment that will be presented as discontinued operations within FIS's reported results beginning with the three and nine-month periods ended September 30, 2008. (C) This presentation represents FIS's consolidated results recast to reflect discontinued operations consistent with how earnings will be reported by FIS beginning with the three and nine-month periods ended September 30, 2008.

Fidelity National Information Services, Inc.

CONTACT: Mary Waggoner, Senior Vice President, Investor Relations
(FIS), +1-904-854-3282, mary.waggoner@fnis.com

Web site: http://www.fidelityinfoservices.com/
http://www.investor.fidelityinfoservices.com/
http://www.lpsvcs.com/

Sunrise Telecom, Inc. Announces Conference Call to Discuss Second Quarter 2008 Financial and Operating Results

SAN JOSE, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Sunrise Telecom (BULLETIN BOARD: SRTI.PK) today announced that it will host its earnings conference call to discuss second quarter financial and operating results. The call will be held at 2:00 PM PDT (5:00 PM EDT) on Thursday, August 7, 2008. The call will be hosted by Sunrise Telecom's management. Following the prepared remarks section, the call will be opened up for questions.

The conference call information is as follows: Domestic Dial-in number: 866-700-7173 International Dial-in number: 617-213-8838 Participant Code: 1833-0357

A simultaneous live Webcast of the call will be available at the Investor Relations section of Sunrise Telecom's website at http://www.sunrisetelecom.com/. A replay of the call will be accessible for 30 days by dialing 888-286-8010 (domestic) or 617-801-6888 (international), and referencing passcode 3591-9552.

About Sunrise Telecom, Inc.

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

SUNRISE TELECOM, the "S" logo, and other trademarks are trademarks of Sunrise Telecom Incorporated and may not be used without permission.

Sunrise Telecom, Inc.

CONTACT: InvestorS, Linda Rothemund, +1-415-445-3236,
linda@marketstreetpartners.com for Sunrise Telecom, Inc.

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

HLTH Corporation Announces Second Quarter Financial Results

ELMWOOD PARK, N.J., Aug. 5 /PRNewswire-FirstCall/ -- HLTH Corporation today announced financial results for the three months ended June 30, 2008.

Martin J. Wygod, Chairman and Acting Chief Executive Officer of HLTH Corporation, said: "We firmly believe that the size and breadth of the overall market opportunity remains unchanged. With its unique set of assets and industry leadership, WebMD is well positioned to capitalize on the shift to online marketing and education to both consumers as well as physicians both here in the U.S. and abroad."

Consolidated Financial Highlights

Revenue for the second quarter was $89.1 million, an increase of 15% over the prior year. Earnings before interest, taxes, non-cash and other items ("Adjusted EBITDA") for the second quarter was $14.3 million, an increase of 66% over the prior year. Income from continuing operations for the second quarter was $0.8 million or $0.00 per share, loss from discontinued operations was $3.7 million or $0.02 per share and net loss was $2.9 million or $0.02 per share.

At June 30, 2008, HLTH had approximately $1.4 billion in cash and investments, of which $325 million is attributable to WebMD.

Segment Operating Results

WebMD Online Services segment revenue was $84.6 million for the second quarter compared to $72.9 million in the prior year period, an increase of 16%. Advertising and sponsorship revenue increased 19% to $62.4 million. Private portal licensing revenue increased 10% to $21.9 million. Online Services segment Adjusted EBITDA increased 34% to $18.8 million compared to $14.0 million in the prior year period.

WebMD Publishing and Other Services segment revenue was $4.6 million for the second quarter compared to $4.4 million in the prior year period, an increase of 5%. Publishing and Other Services segment Adjusted EBITDA was $1.0 million compared to $0.86 million in the prior year period.

Discontinued Operations

HLTH's financial results present the ViPS and Porex businesses as discontinued operations in the current and prior year periods, reflecting the decision to divest these businesses. The sale of the ViPS business was completed on July 22, 2008 for $225 million in cash. WebMD's offline professional medical reference and textbook publication business is presented as a discontinued operation in the prior year period, reflecting the sale of that business on December 31, 2007.

Discontinued operations during the quarter included the results of operations of ViPS and Porex as well as an additional pre-tax charge of $17 million relating to HLTH's obligation to advance the legal costs of certain former officers of the Practice Services subsidiary which HLTH sold in 2006. As of June 30, 2008, this accrual totaled $58 million. As previously reported, several insurance carriers who had issued D&O insurance to HLTH have refused to advance these costs and HLTH commenced an action against these carriers to enforce its rights. On July 31, 2008 the Superior Court for the State of Delaware granted HLTH's motion for partial summary judgment to enforce the duty of such carriers to advance and reimburse these costs.

Merger with WebMD

As previously announced, HLTH and WebMD entered into a definitive merger agreement on February 20, 2008. Completion of the merger is conditioned upon, among other things, approval of the stockholders of both HLTH and WebMD. HLTH and WebMD expect to file a joint preliminary proxy statement/prospectus relating to the merger shortly after the filing of their respective second quarter Form 10-Q filings. Assuming that timely clearance is received from the SEC, HLTH and WebMD expect to be in a position to hold stockholder meetings in October 2008 to seek the necessary stockholder approvals. Those meetings would also be the Annual Meetings for HLTH and WebMD.

Financial Guidance

WebMD reaffirmed its financial guidance for the remainder of 2008 today. HLTH is not providing consolidated financial guidance for 2008 at this time due to its pending merger with WebMD.

Analyst and Investor Conference Call

As previously announced, HLTH and WebMD will host a conference call at 4:45 pm (Eastern) today to discuss their respective second quarter results. Investors can access the call via webcast at http://www.hlth.com/ (in the Investor Relations section). A replay of the call will be available at the same web address.

About HLTH

HLTH Corporation owns approximately 84% of WebMD Health Corp. . WebMD is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals and health- focused publications. HLTH also owns Porex, a developer, manufacturer and distributor of proprietary porous plastic products and components used in healthcare, industrial and consumer applications.

This press release does not constitute an offer of any securities for sale. In connection with the proposed merger, HLTH and WebMD expect to file, with the SEC, a proxy statement/prospectus as part of a registration statement regarding the proposed transaction. Investors and security holders are urged to read the proxy statement/prospectus because it will contain important information about HLTH and WebMD and the proposed transaction. Investors and security holders may obtain a free copy of the definitive proxy statement/prospectus and other documents when filed by HLTH and WebMD with the SEC at http://www.sec.gov/ or http://www.hlth.com/ or http://www.wbmd.com/. Investors and security holders are urged to read the proxy statement, prospectus and other relevant material when they become available before making any voting or investment decisions with respect to the merger.

All statements contained in this press release and the related analyst and investor conference call, other than statements of historical fact, are forward-looking statements, including those regarding: expectations regarding the market for HLTH's and WebMD's investments in auction rate securities (ARS); our guidance on HLTH's and WebMD's future financial results and other projections or measures of their future performance; market opportunities and WebMD's ability to capitalize on them; the benefits expected from new products or services and from other potential sources of additional revenue; the merger transaction between HLTH and WebMD (the "Merger Transaction"); and the potential sale transaction with respect to Porex (the "Potential Sale Transaction"). These statements speak only as of the date of this press release, are based on HLTH's and WebMD's current plans and expectations, and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward- looking statements. These risks and uncertainties include those relating to: changes in the markets for ARS; market acceptance of WebMD's products and services; WebMD's relationships with customers and strategic partners; and changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet, information technology and plastics industries. Further information about these matters can be found in our other Securities and Exchange Commission filings. In addition, there can be no assurances regarding: whether HLTH and WebMD will be able to complete the Merger Transaction or as to the timing of such transaction; or whether HLTH will be able to complete the Potential Sale Transaction or as to the timing or terms of such transaction. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.

This press release, and the accompanying tables, include both financial measures in accordance with accounting principles generally accepted in the United States of America, or GAAP, as well as certain non-GAAP financial measures. The tables attached to this press release include reconciliations of these non-GAAP financial measures to GAAP financial measures. In addition, an "Explanation of Non-GAAP Financial Measures" is attached to this press release as Annex A.

WebMD(R), WebMD Health(R) and POREX(R) are trademarks of HLTH Corporation or its subsidiaries.

-Tables Follow- HLTH CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data, unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenue $89,136 $77,197 $170,818 $149,078 Costs and expenses: Cost of operations 32,763 28,997 64,333 57,615 Sales and marketing 25,460 21,929 51,290 44,799 General and administrative 23,181 26,950 44,325 55,393 Depreciation and amortization 7,315 7,239 14,203 13,564 Interest income 8,062 10,100 19,998 19,774 Interest expense 4,628 4,616 9,235 9,325 Gain on sale of EBS Master LLC - - 538,024 - Impairment of auction rate securities - - 60,108 - Other (expense) income, net (666) 1,396 (4,810) 4,278 Income (loss) from continuing operations before income tax provision 3,185 (1,038) 480,536 (7,566) Income tax provision 1,330 1,658 26,944 1,427 Minority interest in WHC income (loss) 1,071 843 (2,774) 958 Equity in earnings of EBS Master LLC - 7,575 4,007 14,674 Income from continuing operations 784 4,036 460,373 4,723 Loss from discontinued operations, net of tax (3,651) (49,499) (82) (44,484) Net (loss) income $(2,867) $(45,463) $460,291 $(39,761) Basic (loss) income per common share: Income from continuing operations $0.00 $0.02 $2.52 $0.03 Loss from discontinued operations (0.02) (0.27) (0.00) (0.25) Net (loss) income $(0.02) $(0.25) $2.52 $(0.22) Diluted (loss) income per common share: Income from continuing operations $0.00 $0.02 $2.04 $0.02 Loss from discontinued operations (0.02) (0.26) (0.00) (0.23) Net (loss) income $(0.02) $(0.24) $2.04 $(0.21) Weighted-average shares outstanding used in computing (loss) income per common share: Basic 182,622 180,219 182,399 178,115 Diluted 186,243 191,032 228,209 188,693 HLTH CORPORATION CONSOLIDATED SEGMENT INFORMATION (In thousands, except per share data, unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenue WebMD Online Services: Advertising and sponsorship $62,383 $52,436 $118,448 $99,857 Licensing 21,866 19,799 43,789 39,914 Content syndication and other 345 653 762 1,537 Total WebMD Online Services 84,594 72,888 162,999 141,308 WebMD Publishing and Other Services 4,582 4,382 7,859 7,906 Inter-segment eliminations (40) (73) (40) (136) $89,136 $77,197 $170,818 $149,078 Earnings before interest, taxes, non-cash and other items ("Adjusted EBITDA") (a) WebMD Online Services $18,800 $14,042 $35,331 $27,034 WebMD Publishing and Other Services 1,027 863 273 505 Corporate (5,573) (6,337) (10,632) (13,063) $14,254 $8,568 $24,972 $14,476 Adjusted EBITDA per diluted common share (b) $0.08 $0.04 $0.11 $0.08 Interest, taxes, non-cash and other items (c) Interest income $8,062 $10,100 $19,998 $19,774 Interest expense (4,628) (4,616) (9,235) (9,325) Income tax provision (1,330) (1,658) (26,944) (1,427) Depreciation and amortization (7,315) (7,239) (14,203) (13,564) Non-cash stock-based compensation (6,471) (7,779) (12,443) (16,961) Non-cash advertising - - (1,558) (2,320) Minority interest in WHC (income) loss (1,071) (843) 2,774 (958) Equity in earnings of EBS Master LLC - 7,575 4,007 14,674 Gain on sale of EBS Master LLC - - 538,024 - Impairment of auction rate securities - - (60,108) - Other (expense) income, net (717) (72) (4,911) 354 Income from continuing operations 784 4,036 460,373 4,723 Loss from discontinued operations, net of tax (3,651) (49,499) (82) (44,484) Net (loss) income $(2,867) $(45,463) $460,291 $(39,761) Basic (loss) income per common share: Income from continuing operations $0.00 $0.02 $2.52 $0.03 Loss from discontinued operations (0.02) (0.27) (0.00) (0.25) Net (loss) income $(0.02) $(0.25) $2.52 $(0.22) Diluted (loss) income per common share: Income from continuing operations $0.00 $0.02 $2.04 $0.02 Loss from discontinued operations (0.02) (0.26) (0.00) (0.23) Net (loss) income $(0.02) $(0.24) $2.04 $(0.21) Weighted-average shares outstanding used in computing (loss) income per common share: Basic 182,622 180,219 182,399 178,115 Diluted 186,243 191,032 228,209 188,693 (a) See Annex A-Explanation of Non-GAAP Financial Measures. (b) Adjusted EBITDA per diluted common share is based on the weighted- average shares outstanding used in computing diluted (loss) income per common share. (c) Reconciliation of Adjusted EBITDA to income from continuing operations. HLTH CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, unaudited) June 30, 2008 December 31, 2007 Assets Cash and cash equivalents $1,123,899 $536,879 Short-term investments 304,325 290,858 Accounts receivable, net 68,865 86,081 Due from EBS Master LLC 69 1,224 Prepaid expenses and other current assets 24,331 71,090 Assets of discontinued operations 268,046 262,964 Total current assets 1,789,535 1,249,096 Marketable equity securities 2,543 2,383 Property and equipment, net 48,491 49,554 Goodwill 214,475 217,323 Intangible assets, net 31,323 36,314 Investment in EBS Master LLC - 25,261 Other assets 62,330 71,466 Total Assets $2,148,697 $1,651,397 Liabilities and Stockholders' Equity Accrued expenses $44,807 $49,598 Deferred revenue 87,401 76,401 Liabilities of discontinued operations 124,788 123,131 Total current liabilities 256,996 249,130 Convertible notes 650,000 650,000 Other long-term liabilities 21,332 21,137 Minority interest in WHC 135,416 131,353 Stockholders' equity 1,084,953 599,777 Total Liabilities and Stockholders' Equity $2,148,697 $1,651,397 HLTH CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands, unaudited) Six Months Ended June 30, 2008 2007 Cash flows from operating activities: Net income (loss) $460,291 $(39,761) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Loss from discontinued operations, net of tax 82 44,484 Depreciation and amortization 14,203 13,564 Minority interest in WHC (income) loss (2,774) 958 Equity in earnings of EBS Master LLC (4,007) (14,674) Amortization of debt issuance costs 1,490 1,447 Non-cash advertising 1,558 2,320 Non-cash stock-based compensation 12,443 16,961 Deferred income taxes 5,556 1,041 Gain on sale of EBS Master LLC and 2006 EBS Sale (538,024) (399) Impairment of auction rate securities 60,108 - Changes in operating assets and liabilities: Accounts receivable 17,216 7,976 Prepaid expenses and other, net 21,090 1,128 Accrued expenses and other long-term liabilities (3,695) (44,070) Deferred revenue 11,000 10,576 Net cash provided by continuing operations 56,537 1,551 Net cash (used in) provided by discontinued operations (343) 17,429 Net cash provided by operating activities 56,194 18,980 Cash flows from investing activities: Proceeds from maturities and sales of available-for-sale securities 106,586 194,096 Purchases of available-for-sale securities (177,150) (388,942) Purchases of property and equipment (6,985) (10,217) Proceeds related to the sales of EBS, EPS and ACS/ACP, net of expenses 598,935 2,898 Decreases in net advances to EBS Master LLC 1,155 19,730 Other 148 - Net cash provided by (used in) continuing operations 522,689 (182,435) Net cash used in discontinued operations (3,144) (2,341) Net cash provided by (used in) investing activities 519,545 (184,776) Cash flows from financing activities: Proceeds from issuance of HLTH and WHC common stock 9,644 103,263 Purchases of treasury stock under repurchase program - (42,906) Other (80) 457 Net cash provided by continuing operations 9,564 60,814 Net cash used in discontinued operations (76) (101) Net cash provided by financing activities 9,488 60,713 Effect of exchange rates on cash 1,793 361 Net increase (decrease) in cash and cash equivalents 587,020 (104,722) Cash and cash equivalents at beginning of period 536,879 614,691 Cash and cash equivalents at end of period $1,123,899 $509,969 ANNEX A Explanation of Non-GAAP Financial Measures

The accompanying HLTH Corporation press release and financial tables include both financial measures in accordance with U.S. generally accepted accounting principles, or GAAP, as well as non-GAAP financial measures. The non-GAAP financial measures represent earnings before interest, taxes, non- cash and other items (which we refer to as "Adjusted EBITDA") and related per share amounts. Adjusted EBITDA should be viewed as supplemental to, and not as an alternative for, "(loss) income from continuing operations" calculated in accordance with GAAP. The tables attached to the accompanying press release include reconciliations of non-GAAP financial measures to GAAP financial measures.

Adjusted EBITDA is used by HLTH's management as an additional measure of HLTH's overall performance and its reporting segments' performance for purposes of business decision-making, including developing budgets, managing expenditures, and evaluating potential acquisitions or divestitures. Period- to-period comparisons of Adjusted EBITDA help HLTH's management identify additional trends in HLTH's and its reporting segments' financial results that may not be shown solely by period-to-period comparisons of (loss) income from continuing operations or net (loss) income. In addition, HLTH uses Adjusted EBITDA in the incentive compensation programs applicable to many of its employees in order to evaluate HLTH's performance. HLTH management recognizes that Adjusted EBITDA has inherent limitations because of the excluded items, particularly those items that are recurring in nature. In order to compensate for those limitations, management also reviews the specific items that are excluded from Adjusted EBITDA, but included in income from continuing operations or net (loss) income, as well as trends in those items. The amounts of those items are set forth, for the applicable periods, in the reconciliations of Adjusted EBITDA to (loss) income from continuing operations or to net (loss) income that accompany our press releases containing non-GAAP financial measures, including the reconciliations contained in the tables attached to the accompanying press release.

HLTH believes that the presentation of Adjusted EBITDA is useful to investors in their analysis of HLTH's results for reasons similar to the reasons why HLTH's management finds it useful and because it helps facilitate investor understanding of decisions made by HLTH's management in light of the performance metrics used in making those decisions. In addition, as more fully described below, HLTH believes that providing Adjusted EBITDA, together with a reconciliation of Adjusted EBITDA to (loss) income from continuing operations or to net (loss) income, helps investors make comparisons between HLTH and other companies that may have different capital structures, different effective income tax rates and tax attributes, different capitalized asset values and/or different forms of employee compensation. However, Adjusted EBITDA is intended to provide a supplemental way of comparing HLTH with other public companies and is not intended as a substitute for comparisons based on "income from continuing operations" or "net (loss) income" calculated in accordance with GAAP. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measures and the corresponding GAAP measures provided by each company under applicable SEC rules.

The following is an explanation of the items excluded by HLTH from Adjusted EBITDA but included in income from continuing operations:

-- Depreciation and Amortization. Depreciation and amortization expense is a non-cash expense relating to capital expenditures and intangible assets arising from acquisitions that are expensed on a straight-line basis over the estimated useful life of the related assets. HLTH excludes depreciation and amortization expense from Adjusted EBITDA because it believes (i) the amount of such expenses in any specific period may not directly correlate to the underlying performance of HLTH's business operations and (ii) such expenses can vary significantly between periods as a result of new acquisitions and full amortization of previously acquired tangible and intangible assets. Accordingly, HLTH believes this exclusion assists management and investors in making period-to-period comparisons of operating performance. Investors should note that the use of tangible and intangible assets contributed to revenue in the periods presented and will contribute to future revenue generation and should also note that such expense will recur in future periods.

-- Stock-Based Compensation Expense. Stock-based compensation expense is a non-cash expense arising from the grant of stock-based awards to employees. HLTH believes that excluding the effect of stock-based compensation from Adjusted EBITDA assists management and investors in making period-to-period comparisons in its operating performance because it believes (i) the amount of such expenses in any specific period may not directly correlate to the underlying performance of HLTH's business operations and (ii) such expenses can vary significantly between periods as a result of the timing of grants of new stock-based awards, including grants in connection with acquisitions. Additionally, HLTH believes that excluding stock-based compensation from Adjusted EBITDA assists management and investors in making meaningful comparisons between HLTH's operating performance and the operating performance of other companies that may use different forms of employee compensation or different valuation methodologies for their stock-based compensation. Investors should note that stock-based compensation is a key incentive offered to employees whose efforts contributed to the operating results in the periods presented and are expected to contribute to operating results in future periods. Investors should also note that such expenses will recur in the future.

-- Non-Cash Advertising Expense. This expense relates to the usage of non-cash advertising obtained from News Corporation ("Newscorp") in exchange for equity securities issued by HLTH in 2000. The advertising is available only on various Newscorp properties, primarily its television network and cable channels without any cash cost to HLTH. The amount of advertising that can be used in any year is subject to annual contractual limitation and expires in 2010. HLTH does not incur any other cash expenses related to airing of television advertising. HLTH excludes this expense from Adjusted EBITDA (i) because it is a non-cash expense, (ii) because it is incremental to other non- television cash advertising expense that HLTH otherwise incurs, (iii) because HLTH has not and believes it will not incur cash expenses relating to television advertising in the future and (iv) to assist management and investors in comparing its operating results over multiple periods. Investors should note that it is likely that HLTH derives some benefit from such advertising and that such expenses will recur in the future.

-- Interest Income and Expense. Interest income is associated with the level of marketable debt securities and other interest bearing accounts in which HLTH invests, as well as with interest expenses arising from the capital structure of HLTH. Interest income and expense varies over time due to a variety of financing transactions and due to acquisitions and divestitures that HLTH has entered into or may enter into in the future. HLTH has, in the past several years, issued convertible debentures and preferred stock, repurchased shares in cash tender offers and through other repurchase transactions, conducted an initial public offering of equity in its WebMD subsidiary and completed the divestiture of certain businesses. HLTH excludes interest income and interest expense from Adjusted EBITDA (i) because these items are not directly attributable to the performance of HLTH's business operations and, accordingly, their exclusion assists management and investors in making period-to-period comparisons of operating performance and (ii) to assist management and investors in making comparisons to companies with different capital structures. Investors should note that interest income and expense will recur in future periods.

-- Income Tax Provision. HLTH had a net operating loss (NOL) carryforward of approximately $1.3 billion as of the year ended December 31, 2007. HLTH maintained a full valuation allowance on these NOL carryforwards until the fourth quarter of 2007, at which time a portion of the valuation allowance was reversed after consideration of the relevant factors. The related valuation allowances are either reversed through the income statement, additional paid- in capital, or reversed to goodwill, to the extent those tax benefits were acquired through business combinations. The timing of such reversals has not been consistent and as a result, HLTH's income tax expense can fluctuate significantly from period to period in a manner not directly related to HLTH's operating performance. HLTH excludes the income tax provision from Adjusted EBITDA (i) because it believes that the income tax provision is not directly attributable to the underlying performance of HLTH's business operations and, accordingly, its exclusion assists management and investors in making period- to-period comparisons of operating performance and (ii) to assist management and investors in making comparisons to companies with different tax attributes. Investors should note that income tax provision will recur in future periods.

-- Minority Interest in WHC. This represents the minority stockholders' proportionate share of net income or loss of HLTH's majority-owned WebMD Health Corp. subsidiary (which we refer to as WHC). The size of this Minority Interest is related to HLTH's percentage ownership of WHC. Changes in that percentage ownership may result from changes in WHC's capital structure, including as a result of sales of WHC equity securities by WHC or HLTH or as a result of exercise of WHC employee stock options. HLTH excludes Minority Interest from Adjusted EBITDA (i) because it believes that the size of the Minority Interest can vary for reasons not attributable to the underlying performance of HLTH's business operations and, accordingly, its exclusion assists management and investors in making period-to-period comparisons of operating performance and (ii) to assist management and investors in making comparisons to companies with different capital structures. Investors should note that Minority Interest in WHC will recur in future periods.

-- Other Items. HLTH engages in other activities and transactions that can impact HLTH's overall income from continuing operations. These other items included, but were not limited to, (i) legal expenses relating to the on-going Department of Justice investigation, (ii) equity in earnings of EBS Master LLC, which represents 48% of EBS's income through February 8, 2008, (iii) working capital adjustment from the sale of 52% of the Emdeon Business Services segment on November 16, 2006, (iv) a reduction of certain sales and use tax contingencies resulting from the expiration of certain applicable statutes of limitations, (v) advisory expenses relating to the evaluation, in 2008 and 2007, by HLTH's Board of Directors of strategic alternatives for HLTH, (vi) gain on sale from the sale of the remaining 48% ownership interest in EBS Master LLC and (vii) loss on the impairment of auction rate securities. HLTH excludes these other items from Adjusted EBITDA because it believes these activities or transactions are not directly attributable to the performance of HLTH's business operations and, accordingly, their exclusion assists management and investors in making period-to-period comparisons of operating performance. Investors should note that some of these other items may recur in future periods.

HLTH Corporation

CONTACT: Investors, Risa Fisher, rfisher@hlth.com, +1-201-414-2002, or
Media, Jennifer Newman, jnewman@hlth.com, +1-212-624-3912, both of HLTH
Corporation

Web site: http://www.hlth.com/
http://www.wbmd.com/

WebMD Announces Second Quarter Financial ResultsTotal Revenue Increased 15%; Advertising Revenue Increased 19%Adjusted EBITDA Increased 33%; Net Income Increased 18%WebMD Leads Online Health Information Sector with 48.4 Million Unique Monthly Users and 1.1 Billion Quarterly Page Views

NEW YORK, Aug. 5 /PRNewswire-FirstCall/ -- WebMD Health Corp. today announced financial results for the three months ended June 30, 2008.

"The growing strength of the WebMD franchise was demonstrated again this quarter by WebMD's leadership, strong year-over-year traffic growth and continued new product innovation," said Wayne Gattinella, President and CEO. "WebMD is uniquely situated to capitalize on the shift to web-based marketing and education to both consumers as well as physicians both here in the U.S. and abroad."

Financial Summary

Revenue for the second quarter was $89.2 million compared to $77.3 million in the prior year period, an increase of 15%. Earnings before interest, taxes, depreciation, amortization, and other non-cash items ("Adjusted EBITDA") for the second quarter increased 33% to $19.8 million or $0.34 per share compared to $14.9 million or $0.25 per share in the prior year period.

Income from continuing operations and net income for the second quarter was $6.4 million or $0.11 per share, compared to income from continuing operations of $5.1 million or $0.09 per share, and net income of $5.4 million or $0.09 per share, in the prior year period.

WebMD had approximately $325 million in cash and investments at June 30, 2008.

Segment Operating Highlights

Online Services segment revenue was $84.6 million for the second quarter compared to $72.9 million in the prior year period, an increase of 16%. Advertising and sponsorship revenue increased 19% to $62.4 million. Private portal licensing revenue increased 10% to $21.9 million. Online Services segment Adjusted EBITDA increased 34% to $18.8 million compared to $14.0 million in the prior year period.

Traffic to the WebMD Health Network continued to grow strongly with an average of 48.4 million unique users per month and total traffic of 1.1 billion page views during the second quarter, increases of 20% and 24%, respectively, from a year ago. In the second quarter, 1.3 million continuing medical education (CME) programs were completed on the WebMD Professional Network, an increase of 74% from the prior year period.

The base of large employers and health plans utilizing WebMD's private Health and Benefits portals during the second quarter was 123 as compared to 108 a year ago.

Publishing and Other Services segment revenue was $4.6 million for the second quarter compared to $4.4 million in the prior year period, an increase of 5%. Publishing and Other Services segment Adjusted EBITDA was $1.0 million compared to $0.86 million in the prior year period. WebMD's offline professional medical reference and textbook publication business was sold on December 31, 2007 and is reflected as a discontinued operation in the Company's financial statements for prior periods.

Merger with HLTH

As previously announced, HLTH and WebMD entered into a definitive merger agreement on February 20, 2008. Completion of the merger is conditioned upon, among other things, approval of the stockholders of both HLTH and WebMD. HLTH and WebMD expect to file a joint preliminary proxy statement/prospectus relating to the merger shortly after the filing of their respective second quarter Form 10-Q filings. Assuming that timely clearance is received from the SEC, HLTH and WebMD expect to be in a position to hold stockholder meetings in October 2008 to seek the necessary stockholder approvals. Those meetings would also be the Annual Meetings for HLTH and WebMD.

Financial Guidance

WebMD reaffirmed its financial guidance for the remainder of 2008 today. This guidance was provided on May 6, 2008 and can be found in a press release and Form 8-K issued on that date.

Analyst and Investor Conference Call

As previously announced, WebMD will hold a conference call with investors and analysts to discuss its second quarter results at 4:45 pm (eastern) today. The call can be accessed at http://www.wbmd.com/ (in the Investor Relations section). A replay of the audio webcast will be available at the same web address.

About WebMD

WebMD Health Corp. is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through our public and private online portals and health-focused publications. WebMD Health Corp. is a subsidiary of HLTH Corporation .

The WebMD Health Network includes WebMD Health, Medscape, MedicineNet, eMedicine, eMedicine Health, RxList and theHeart.org.

This press release does not constitute an offer of any securities for sale. In connection with the proposed merger, HLTH and WebMD expect to file, with the SEC, a proxy statement/prospectus as part of a registration statement regarding the proposed transaction. Investors and security holders are urged to read the proxy statement/prospectus because it will contain important information about HLTH and WebMD and the proposed transaction. Investors and security holders may obtain a free copy of the definitive proxy statement/prospectus and other documents when filed by HLTH and WebMD with the SEC at http://www.sec.gov/ or http://www.hlth.com/ or http://www.wbmd.com/. Investors and security holders are urged to read the proxy statement, prospectus and other relevant material when they become available before making any voting or investment decisions with respect to the merger.

All statements contained in this press release and the related analyst and investor conference call, other than statements of historical fact, are forward-looking statements, including those regarding: expectations regarding the market for WebMD's and HLTH's investments in auction rate securities (ARS); our guidance on WebMD's future financial results and other projections or measures of WebMD's future performance; market opportunities and WebMD's ability to capitalize on them; the benefits expected from new products or services and from other potential sources of additional revenue; the merger transaction between HLTH and WebMD (the "Merger Transaction"); and the potential sales transaction with respect to Porex (the "Potential Sale Transaction"). These statements speak only as of the date of this press release, are based on our current plans and expectations, and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: changes in the markets for ARS; market acceptance of WebMD's products and services; WebMD's relationships with customers and strategic partners; and changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet and information technology industries. Further information about these matters can be found in our other Securities and Exchange Commission filings. In addition, there can be no assurances regarding: whether HLTH and WebMD will be able to complete the Merger Transaction or as to the timing of such transaction; or whether HLTH will be able to complete the Potential Sale Transaction or as to the timing or terms of such transaction. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.

This press release, and the accompanying tables, include both financial measures in accordance with accounting principles generally accepted in the United States of America, or GAAP, as well as certain non-GAAP financial measures. The tables attached to this press release include reconciliations of these non-GAAP financial measures to GAAP financial measures. In addition, an "Explanation of Non-GAAP Financial Measures" is attached to this press release as Annex A.

WebMD(R), WebMD Health(R), Medscape(R), eMedicine(R), MedicineNet(R), RxList(R), Subimo(R), Medsite(R), The Little Blue Book(R) and Summex(R), are trademarks of WebMD Health Corp. or its subsidiaries.

WEBMD HEALTH CORP. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data, unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenue $89,176 $77,270 $170,858 $149,214 Costs and expenses: Cost of operations 32,763 28,997 64,333 57,615 Sales and marketing 25,460 21,929 51,290 44,799 General and administrative 14,614 15,981 28,389 31,486 Impairment of auction rate securities - - 27,406 - Depreciation and amortization 7,188 6,941 13,973 12,932 Interest income 2,350 3,051 5,803 5,036 Income (loss) from continuing operations before income tax provision 11,501 6,473 (8,730) 7,418 Income tax provision 5,149 1,332 8,253 1,542 Income (loss) from continuing operations 6,352 5,141 (16,983) 5,876 Income from discontinued operations, net of tax - 249 - 220 Net income (loss) $6,352 $5,390 $(16,983) $6,096 Basic income (loss) per common share: Income (loss) from continuing operations $0.11 $0.09 $(0.29) $0.10 Income from discontinued operations - - - 0.01 Net Income (loss) $0.11 $0.09 $(0.29) $0.11 Diluted income (loss) per common share: Income (loss) from continuing operations $0.11 $0.09 $(0.29) $0.10 Income from discontinued operations - - - - Net Income (loss) $0.11 $0.09 $(0.29) $0.10 Weighted-average shares outstanding used in computing basic and diluted net income (loss) per common share: Basic 57,693 57,071 57,664 57,023 Diluted 59,061 59,748 57,664 59,689 WEBMD HEALTH CORP. CONSOLIDATED SEGMENT INFORMATION (In thousands, except per share data, unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenue Online Services: Advertising and sponsorship $62,383 $52,436 $118,448 $99,857 Licensing 21,866 19,799 43,789 39,914 Content syndication and other 345 653 762 1,537 Total Online Services 84,594 72,888 162,999 141,308 Publishing and Other Services 4,582 4,382 7,859 7,906 $89,176 $77,270 $170,858 $149,214 Earnings before interest, taxes, depreciation, amortization and other non-cash items ("Adjusted EBITDA") (a) Online Services $18,800 $14,042 $35,331 $27,034 Publishing and Other Services 1,027 863 273 505 19,827 14,905 35,604 27,539 Adjusted EBITDA per basic common share $0.34 $0.26 $0.62 $0.48 Adjusted EBITDA per diluted common share (b) $0.34 $0.25 $0.60 $0.46 Interest, taxes, depreciation, amortization and other non-cash items (c) Interest income 2,350 3,051 5,803 5,036 Depreciation and amortization (7,188) (6,941) (13,973) (12,932) Non-cash advertising - - (1,558) (2,320) Non-cash stock-based compensation (3,488) (4,542) (7,200) (9,905) Impairment of auction rate securities investments - - (27,406) - Income tax provision (5,149) (1,332) (8,253) (1,542) Income (loss) from continuing operations 6,352 5,141 (16,983) 5,876 Income from discontinued operations, net of tax - 249 - 220 Net income (loss) $6,352 $5,390 $(16,983) $6,096 Basic income (loss) per common share: Income (loss) from continuing operations $0.11 $0.09 $(0.29) $0.10 Income from discontinued operations - - - 0.01 Net income (loss) $0.11 $0.09 $(0.29) $0.11 Diluted income (loss) per common share: Income (loss) from continuing operations $0.11 $0.09 $(0.29) $0.10 Income from discontinued operations - - - - Net income (loss) $0.11 $0.09 $(0.29) $0.10 Weighted-average shares outstanding used in computing basic and diluted net income (loss) per common share: Basic 57,693 57,071 57,664 57,023 Diluted 59,061 59,748 57,664 59,689 (a) See Annex A - Explanation of Non-GAAP Financial Measures (b) Six months ended June 30, 2008 Adjusted EBITDA per share is calculated based on 59,103 diluted shares (c) Reconciliation of Adjusted EBITDA to income (loss) from continuing operations WEBMD HEALTH CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, unaudited) June 30, December 31, 2008 2007 ASSETS Current assets: Cash and cash equivalents $186,490 $213,753 Short-term investments 138,753 80,900 Accounts receivable, net 68,865 86,081 Current portion of prepaid advertising 2,275 2,329 Due from HLTH - 1,153 Other current assets 9,259 10,840 Total current assets 405,642 395,056 Property and equipment, net 46,554 48,589 Prepaid advertising 3,017 4,521 Goodwill 221,281 221,429 Intangible assets, net 31,323 36,314 Other assets 7,317 12,955 $715,134 $718,864 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accrued expenses $20,203 $26,498 Deferred revenue 87,401 76,401 Due to HLTH 72 - Total current liabilities 107,676 102,899 Other long-term liabilities 8,890 9,210 Stockholders' equity 598,568 606,755 $715,134 $718,864 WEBMD HEALTH CORP. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands, unaudited) Six Months Ended June 30, 2008 2007 Cash flows from operating activities: Net (loss) income $(16,983) $6,096 Adjustments to reconcile net (loss) income to net cash provided by operating activities: Income from discontinued operations, net of tax - (220) Depreciation and amortization 13,973 12,932 Non-cash advertising 1,558 2,320 Non-cash stock-based compensation 7,200 9,905 Deferred income taxes 6,667 577 Impairment of auction rate securities 27,406 - Changes in operating assets and liabilities: Accounts receivable 17,216 7,719 Other assets (1,394) 74 Accrued expenses and other long-term liabilities (5,131) (7,271) Due to HLTH 1,246 2,136 Deferred revenue 11,000 10,576 Net cash provided by continuing operations 62,758 44,844 Net cash provided by discontinued operations - 48 Net cash provided by operating activities 62,758 44,892 Cash flows from investing activities: Proceeds from maturities and sales of available-for-sale securities 41,300 95,256 Purchases of available-for-sale securities (127,900) (112,667) Purchases of property and equipment (6,946) (9,764) Cash received from sale of business and business combinations, net of fees 1,133 - Net cash used in investing activities (92,413) (27,175) Cash flows from financing activities: Proceeds from issuance of common stock 2,392 5,723 Net cash transfers with HLTH - 145,257 Net cash provided by financing activities 2,392 150,980 Net (decrease) increase in cash and cash equivalents (27,263) 168,697 Cash and cash equivalents at beginning of period 213,753 44,660 Cash and cash equivalents at end of period $186,490 $213,357 ANNEX A Explanation of Non-GAAP Financial Measures (All dollar amounts in thousands)

The accompanying WebMD Health Corp. press release and financial tables include both financial measures in accordance with U.S. generally accepted accounting principles, or GAAP, as well as non-GAAP financial measures. The non-GAAP financial measures represent earnings before interest, taxes, depreciation, amortization and other non-cash items (which we refer to as "Adjusted EBITDA") and related per share amounts. Adjusted EBITDA should be viewed as supplemental to, and not as an alternative for, "income (loss) from continuing operations" calculated in accordance with GAAP. The tables attached to the accompanying press release include reconciliations of non-GAAP financial measures to GAAP financial measures.

Adjusted EBITDA is used by WebMD's management as an additional measure of WebMD's overall performance and its reporting segments' performance for purposes of business decision-making, including developing budgets, managing expenditures, and evaluating potential acquisitions or divestitures. Period-to-period comparisons of Adjusted EBITDA help WebMD's management identify additional trends in WebMD's and its reporting segments' financial results that may not be shown solely by period-to-period comparisons of income (loss) from continuing operations or net income (loss). In addition, WebMD uses Adjusted EBITDA in the incentive compensation programs applicable to many of its employees in order to evaluate WebMD's performance. WebMD management recognizes that Adjusted EBITDA has inherent limitations because of the excluded items, particularly those items that are recurring in nature. In order to compensate for those limitations, management also reviews the specific items that are excluded from Adjusted EBITDA, but included in income (loss) from continuing operations or net income (loss), as well as trends in those items. The amounts of those items are set forth, for the applicable periods, in the reconciliations of Adjusted EBITDA to income (loss) from continuing operations or to net income (loss) that accompany our press releases containing non-GAAP financial measures, including the reconciliations contained in the tables attached to the accompanying press release.

WebMD believes that the presentation of Adjusted EBITDA is useful to investors in their analysis of WebMD's results for reasons similar to the reasons why WebMD's management finds it useful and because it helps facilitate investor understanding of decisions made by WebMD's management in light of the performance metrics used in making those decisions. In addition, as more fully described below, WebMD believes that providing Adjusted EBITDA, together with a reconciliation of Adjusted EBITDA to income (loss) from continuing operations or to net income (loss), helps investors make comparisons between WebMD and other companies that may have different capital structures, different effective income tax rates and tax attributes, different capitalized asset values and/or different forms of employee compensation. However, Adjusted EBITDA is intended to provide a supplemental way of comparing WebMD with other public companies and is not intended as a substitute for comparisons based on "income (loss) from continuing operations" or "net income (loss)" calculated in accordance with GAAP. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measures and the corresponding GAAP measures provided by each company under applicable SEC rules.

The following is an explanation of the items excluded by WebMD from Adjusted EBITDA but included in income (loss) from continuing operations:

-- Depreciation and Amortization. Depreciation and amortization expense is a non-cash expense relating to capital expenditures and intangible assets arising from acquisitions that are expensed on a straight-line basis over the estimated useful life of the related assets. WebMD excludes depreciation and amortization expense from Adjusted EBITDA because it believes (i) the amount of such expenses in any specific period may not directly correlate to the underlying performance of WebMD's business operations and (ii) such expenses can vary significantly between periods as a result of new acquisitions and full amortization of previously acquired tangible and intangible assets. Accordingly, WebMD believes this exclusion assists management and investors in making period-to-period comparisons of operating performance. Investors should note that use of tangible and intangible assets contributed to revenue in the periods presented and will contribute to future revenue generation and should also note that such expenses will recur in future periods.

-- Stock-Based Compensation Expense. Stock-based compensation expense is a non-cash expense arising from the grant of stock-based awards to employees. WebMD believes that excluding the effect of stock-based compensation from Adjusted EBITDA assists management and investors in making period-to-period comparisons in its operating performance because it believes (i) the amount of such expenses in any specific period may not directly correlate to the underlying performance of WebMD's business operations and (ii) such expenses can vary significantly between periods as a result of the timing of grants of new stock-based awards, including grants in connection with acquisitions. Additionally, WebMD believes that excluding stock-based compensation from Adjusted EBITDA assists management and investors in making meaningful comparisons between WebMD's operating performance and the operating performance of other companies that may use different forms of employee compensation or different valuation methodologies for their stock-based compensation. Investors should note that stock-based compensation is a key incentive offered to employees whose efforts contributed to the operating results in the periods presented and are expected to contribute to operating results in future periods. Investors should also note that such expenses will recur in the future. Stock-based compensation expenses included in the Statement of Operations are summarized as follows:

Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Non-cash stock-based compensation included in: Cost of operations $(826) $(984) $(1,945) $(2,562) Sales and marketing $(1,264) $(1,379) $(2,402) $(2,637) General and administrative $(1,398) $(2,179) $(2,853) $(4,706)

-- Non-Cash Advertising Expense. This expense relates to the usage of non-cash advertising obtained from News Corporation ("Newscorp") in exchange for equity securities issued by our parent, HLTH Corporation in 2000. The advertising is available only on various Newscorp properties, primarily its television network and cable channels without any cash cost to WebMD. The amount of advertising that can be used in any year is subject to annual contractual limitation and expires in 2009. WebMD does not incur any other cash expenses related to airing of television advertising. WebMD excludes this expense from Adjusted EBITDA (i) because it is a non-cash expense, (ii) because it is incremental to other non-television cash advertising expense that WebMD otherwise incurs, (iii) because WebMD has not and believes it will not incur cash expenses relating to television advertising in the future and (iv) to assist management and investors in comparing its operating results over multiple periods. Investors should note that it is likely that WebMD derives some benefit from such advertising and that such expenses will recur in the future. Non-cash advertising expenses included in the Consolidated Statement of Operations in Sales and Marketing expense were $1,558 and $2,320 for the six months ended June 30, 2008 and 2007, respectively. There were no non-cash advertising expenses for the three months ended June 30, 2008 and 2007.

-- Interest Income. Interest income is associated with the level of marketable debt securities and other interest bearing accounts in which WebMD invests. Interest income varies over time due to varying levels of securities available for investment. Transactions that WebMD has entered into in recent periods that have impacted securities available for investment include the initial public offering of equity in WebMD and acquisitions of other companies for varying amounts of cash since our initial public offering. Additional financing transactions as well as potential acquisitions that WebMD may enter into in the future could impact the levels and timing of securities available for investment. WebMD excludes interest income from Adjusted EBITDA (i) because it is not directly attributable to the performance of WebMD's business operations and, accordingly, its exclusion assists management and investors in making period-to-period comparisons of operating performance and (ii) to assist management and investors in making comparisons to companies with different capital structures. Investors should note that interest income will recur in future periods.

-- Income Tax Provision. WebMD had a net operating loss (NOL) carryforward of approximately $270,000 as of the year ended December 31, 2007. WebMD maintained a full valuation allowance on these NOL carryforwards until the fourth quarter of 2007, at which time a portion of the valuation allowance was reversed after consideration of the relevant factors. The related valuation allowances are either reversed through the income statement, additional paid-in capital, or reversed to goodwill, to the extent those tax benefits were acquired through business combinations. The timing of such reversals has not been consistent and as a result, WebMD's income tax expense can fluctuate significantly from period to period in a manner not directly related to WebMD's operating performance. WebMD excludes the income tax provision from Adjusted EBITDA (i) because it believes that the income tax provision is not directly attributable to the underlying performance of WebMD's business operations and, accordingly, its exclusion assists management and investors in making period-to-period comparisons of operating performance and (ii) to assist management and investors in making comparisons to companies with different tax attributes. Investors should note that income tax provision will recur in future periods.

-- Other Items. WebMD engages in other activities and transactions that can impact WebMD's overall income (loss) from continuing operations. WebMD excludes these other items from Adjusted EBITDA when it believes these activities or transactions are not directly attributable to the performance of WebMD's business operations and, accordingly, their exclusion assists management and investors in making period-to-period comparisons of operating performance. Investors should note that these other items may recur in future periods. In the accompanying press release and financial tables, WebMD has excluded loss on the impairment of auction rate securities from Adjusted EBITDA.

WebMD Health Corp.

CONTACT: Investors: Risa Fisher, +1-212-624-3817, rfisher@webmd.net, or
Media: Jennifer Newman, +1-212-624-3912, jnewman@webmd.net, both of WebMD

Web site: http://www.wbmd.com/
http://www.hlth.com/

DEI Holdings Reports Second Quarter 2008 Financial Results- Reported EPS of $0.04, or $1.0 million of net income, compared with a breakeven quarter a year ago - Generated $20.5 million in year-to-date operating cash flow - Restructuring plan ahead of expectations; implemented $5 million in annualized savings - Prepaid additional $3.0 million of term debt and ended the second quarter with $12.8 million of cash and undrawn revolver of $50 million

VISTA, Calif., Aug. 5 /PRNewswire-FirstCall/ -- DEI Holdings, Inc. announced today financial results for the second quarter and six months ended June 30, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080625/LAW063) Second Quarter Financial Highlights -- Achieved pro forma net sales of $75.0 million and GAAP net sales of $58.9 million -- Generated $2.7 million in incremental intellectual property licensing fees -- Adjusted EBITDA totaled $11.6 million and net income totaled $1.0 million -- Reported EPS of $0.04, as compared with $0.00 in the prior year -- Generated $20.5 million in operating cash flow for the first half of 2008, resulting in cash balance of $12.8 million and undrawn revolver of $50.0 million -- Prepaid $3.0 million of term debt, which contributed to a 21% reduction in debt balance year-over-year Recent Operating and Restructuring Highlights -- Shipped a broad Polk Audio product assortment to approximately 900 Best Buy locations -- Secured Hyundai Motors Canada as a customer for remote start products -- Restructuring achievements include: -- Exiting mobile video business -- Closing UK office and transitioning to a distributor -- Completed implementation of workforce right-sizing and operating efficiency initiatives expected to result in cost savings of $5 million on an annualized basis -- Changed the parent company's name from Directed Electronics, Inc. to DEI Holdings, Inc. to more closely align corporate structure with daily operations -- Announced the formation of a new senior officers group, including appointment of Michael S. Simmons as President of Directed Electronics

"Despite the challenging macroeconomic conditions and consumer environment, in the second quarter we returned to profitability, generating strong earnings as compared with a year ago," commented James E. Minarik, DEI Holdings' President and Chief Executive Officer. "We positively impacted our top line by shipping a broad assortment of Polk Audio products to approximately 900 Best Buy stores and earning additional IP royalty revenue related to our security and convenience business, further demonstrating our competitive advantage in this category. In addition, we secured Hyundai Motors Canada as a remote start customer, with initial shipments expected in the third quarter."

"We also continued to reduce our fixed expenses including announcing the closure of our UK office, which had recently generated operating losses, while concurrently appointing a leading distribution partner to service the UK market. Our comprehensive restructuring plan has reduced our cost structure and positioned the company for continued strong results."

Second Quarter 2008 Results

As a reminder, prior to January 1, 2008, the company accounted for sales of SIRIUS-related hardware products on a gross basis. The most recent amendment to the company's agreement with SIRIUS significantly reduced the company's risks in this business. Consequently, in accordance with EITF 99-19, satellite radio revenues are now reported on a net basis calculated as gross amounts billed to customers less (i) amounts paid to suppliers, (ii) rebates and discounts, and (iii) other direct costs. The change in the application of the company's accounting policy did not affect reported gross profit, operating income, or net income. In the first quarter of 2008, the company also began providing gross margins by product category.

Sales

Pro forma net sales in the second quarter of 2008 totaled $75.0 million compared with $86.7 million in the second quarter of 2007. Second quarter 2007 results included a one-time increase of $3.2 million in net sales related to a change in the company's transport insurance, which allowed the company to recognize revenue at the time of shipment as opposed to the time of delivery. Second quarter 2008 sales include $2.7 million of incremental royalty revenue related to intellectual property licensing fees. With the previously mentioned change in the satellite radio sales reporting method, the company's GAAP net sales were $58.9 million in the second quarter of 2008 compared with $86.7 million in the second quarter of 2007.

Gross Margins

For the second quarter of 2008, gross margins were 53.6% compared with 32.7% for the second quarter of 2007. The increase is attributable to the change in accounting for the company's satellite radio products to a net basis as described above, an increase in royalty revenue during the second quarter of 2008, and a reduction in warranty and returns expense primarily associated with the company's improved satellite radio distribution agreement.

Operating Expenses

Operating expenses were $23.2 million in the second quarter of 2008 compared with $21.1 million in the second quarter of 2007. The increase was due to $0.7 million in greater outbound shipping costs principally related to higher fuel prices, $0.5 million from the addition of Trilogix, which was acquired in May 2007, and $0.4 million in restructuring charges related to right-sizing initiatives and the closure of the UK office. The increase was also partially attributable to the reduction of the company's bonus expense during the second quarter of 2007 as it became clear that company performance criteria would not be met.

Interest Expense

Net interest expense decreased 10.8% to $6.0 million in the second quarter of 2008 compared with the second quarter of 2007. The decrease is primarily due to lower levels of outstanding debt on the company's senior credit facility in the second quarter of 2008. This decrease was partially offset by a $0.1 million non-cash write-off of unamortized debt issuance costs related to the company's prepayment of $3 million in term debt. The company's total debt decreased by $69.1 million, or 21.1%, from $327.7 million as of June 30, 2007 to $258.6 million as of June 30, 2008.

Income

Operating income increased 15.0% to $8.3 million in the second quarter of 2008 compared with $7.2 million in the second quarter of 2007.

Adjusted EBITDA, which includes adjustments as defined by the company's lending agreement, was $11.6 million in the second quarter of 2008 compared with $10.6 million for the comparable period last year. Second quarter 2008 EBITDA (earnings before interest, taxes, depreciation, and amortization) was $10.5 million compared with EBITDA of $9.6 million in the comparable prior year period. A quantitative reconciliation from the company's GAAP results to its pro forma and adjusted results is provided in the accompanying tables.

The company's net income for the second quarter of 2008 was $1.0 million, or $0.04 per diluted share, compared with net income of $0.0 million, or $0.00 per diluted share, for the comparable quarter in the prior year.

Second Quarter Product Category Results

The following table provides pro forma sales and margins on a product category basis for the second quarter of 2008 compared with the comparable period in the prior year. The following pro forma financial results are reconciled to GAAP results in the accompanying tables.

Security & Entertainment Satellite Radio Total Qtr Ended Qtr Ended Qtr Ended Qtr Ended Qtr Ended Qtr Ended 6/30/2008 6/30/2007 6/30/2008 6/30/2007 6/30/2008 6/30/2007 Pro Forma Results: Net Product Sales $50,974 $57,912 $20,711 $27,722 $71,685 $85,634 Royalty & Other 3,335 984 21 112 3,356 1,096 Net Sales $54,309 $58,896 $20,732 $27,834 $75,041 $86,730 Cost of Sales 27,331 34,052 16,168 24,299 43,499 58,351 Gross Profit $26,978 $24,844 $4,564 $3,535 $31,542 $28,379 % Margin 49.7% 42.2% 22.0% 12.7% 42.0% 32.7% Security & Entertainment

Security and entertainment product sales, net of rebates, decreased to $51.0 million in the second quarter of 2008 compared with $57.9 million for the comparable period in 2007. Of the $6.9 million decrease, $3.0 million is attributable to the change in timing of revenue recognition in 2007 as discussed above. Excluding the decrease attributable to the change in timing of revenue recognition, security and entertainment product sales decreased by $3.9 million, or 7.1%, which is consistent with the first quarter 2008 results as compared with the prior year. Strong sales performance of Polk Audio products, as well as security products to Best Buy and Circuit City, were more than offset by overall consumer weakness in many regions of the United States.

Gross profit margin on security and entertainment products totaled 49.7% in the second quarter of 2008 compared with 42.2% in the second quarter of 2007. The gross margin rate increase was primarily attributable to $2.7 million of royalty revenue earned in the second quarter of 2008 related to the company's security and convenience intellectual property. Excluding this incremental royalty revenue, security and entertainment gross profit margins increased from 42.2% in the second quarter of 2007 to 47.0% in the second

quarter of 2008 primarily due to strategic price increases, as well as lower warranty and returns costs.

Satellite Radio

Satellite radio pro forma product sales, net of rebates, for the second quarter of 2008 totaled $20.7 million, a 25.3% decrease compared with net product sales of $27.7 million for the second quarter of 2007. The decrease is partially attributable to a company-initiated plan and a new arrangement between the company and SIRIUS that reduced sales to Sirius.com, as these sales carried lower than average margins and required high working capital. Additionally, consumer demand for satellite radio was lower in the second quarter of 2008 compared to the second quarter of 2007, particularly related to Father's Day gift giving which has historically been a demand driver for the purchase of satellite radio receivers.

With the implementation of the previously mentioned net reporting accounting policy, GAAP satellite radio sales, net of $16.2 million in direct costs, totaled $4.5 million for the second quarter of 2008.

On a pro forma basis, gross profit margin on satellite radio sales increased from 12.7% in the second quarter of 2007 to 22.0% in the second quarter of 2008. The increase was primarily attributable to a reduction of $1.4 million in the company's warranty and sales returns reserves related to the company's amended distribution agreement with SIRIUS. Excluding the reduction in these reserves, the company's satellite radio pro forma gross profit margin increased from 12.7% in the second quarter of 2007 to 15.8% in the second quarter of 2008 primarily due to an improved customer mix.

Balance Sheet and Cash Flows

The company generated $20.5 million of operating cash flow for the first six months of 2008 and ended the quarter with $12.8 million in cash and an undrawn revolver of $50.0 million. At the end of the second quarter of 2008, total debt was $258.6 million, a decrease of $69.1 million, or 21.1%, compared with total debt of $327.7 million as of June 30, 2007, which included $24.0 million drawn on the revolver.

Conference Call and Webcast

DEI Holdings will host a conference call and webcast to discuss its financial results today at 5:00 p.m. Eastern Time. The conference call may include forward-looking statements. This call will be webcast live on the Investor Relations section of the company's website at http://www.deiholdings.com/ and will be archived and available for replay approximately three hours after the live event. The audio replay will be available through 11:59 p.m., August 19, 2008. The company's financial results are also available online at http://www.deiholdings.com/.

To participate in the conference call, investors should dial 800-762-9439 ten minutes prior to the call. International callers should dial 480-629-9572. A telephone replay of the call will be available through 11:59 p.m. Eastern Time on August 19, 2008 by calling 800-406-7325 (passcode: 3904436). International callers should dial 303-590-3030 and use the same passcode.

About DEI Holdings

Headquartered in Southern California, DEI Holdings, Inc. is the parent company of some of the most respected brands in the consumer electronics industry. DEI Holdings is the largest designer and marketer in North America of premium home theater loudspeakers (sold under the Polk Audio(R) and Definitive Technology(R) brand names), and consumer-branded vehicle security and remote start systems (sold under the Viper(R), Clifford(R), Python(R), Autostart(R) and other brand names). DEI Holdings is also the largest aftermarket supplier of SIRIUS satellite radios and accessories, and a supplier of mobile audio sold principally under both the Polk Audio and Orion brand names. DEI Holdings markets its broad portfolio of products through many channels including leading national retailers and specialty chains throughout North America and around the world. Founded in 1982, the company has approximately 470 employees and operations in California, Maryland, Canada,

Europe, and Asia. For more information, please visit http://www.deiholdings.com/.

Forward-Looking Statements

Certain statements in this news release that are not historical fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically are identified by the use of terms such as "may," "should," "might," "believe," "expect," "anticipate," "estimate," and similar words, although some may be expressed differently. Forward-looking statements in this release include, but are not limited to, statements as to expected savings from the company's staff reductions and the company's position for continued profitable results. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results of DEI Holdings to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include competition in the consumer electronics industry, development of new products and changing demand of customers, reliance on certain key customers, adverse developments affecting SIRIUS Satellite Radio, decline in consumer spending, reliance on certain manufacturers and their ability to maintain satisfactory delivery schedules, disruption in supply chain, shortages of components and materials, economic risks associated with changes in social, political, regulatory, and economic conditions in the countries where the company's products are manufactured, quality installation of products by customers, significant product returns or product liability claims, compliance with various state and local regulations, risks with international operations, impairment of goodwill and intangible assets, claims related to intellectual property, ability to service debt obligations, restrictive terms of the company's senior secured credit facility, vulnerability to increases in interest rates, disruption in distribution centers, ability to raise additional capital if needed, dependence on senior management, ability to realize on investments made in the business, and integration of acquired businesses. Certain of these factors, as well as various additional factors, are discussed from time to time in the reports filed by DEI Holdings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2007. DEI Holdings disclaims any intent or obligation to update these forward-looking statements.

DEI HOLDINGS, INC. Consolidated Statements of Income (unaudited, in thousands, except per share amounts) GAAP Pro Forma Quarter Quarter Quarter Quarter Ended Ended Ended Ended 6/30/2008 6/30/2007 6/30/2008 6/30/2007 Sales: Security and entertainment product sales, net $50,974 $57,912 $50,974 $57,912 Satellite radio product sales, net 4,543 27,722 20,711 27,722 Net product sales 55,517 85,634 71,685 85,634 Royalty and other revenue 3,356 1,096 3,356 1,096 Net Sales 58,873 86,730 75,041 86,730 Cost of sales: Cost of security and entertainment sales 27,331 34,052 27,331 34,052 Cost of satellite radio sales - 24,299 16,168 24,299 Total cost of sales 27,331 58,351 43,499 58,351 Gross profit 31,542 28,379 31,542 28,379 Operating expenses: Selling, general and administrative 23,224 21,568 23,224 21,568 Provision for litigation - (420) - (420) Total operating expenses 23,224 21,148 23,224 21,148 Income from operations 8,318 7,231 8,318 7,231 Other income (expense): Interest expense, net (6,007) (6,734) (6,007) (6,734) Income before provision for income taxes 2,311 497 2,311 497 Provision for (benefit from) income taxes 1,291 486 1,291 486 Net income $1,020 $11 $1,020 $11 Net income per common share: Basic $0.04 $0.00 $0.04 $0.00 Diluted $0.04 $0.00 $0.04 $0.00 Weighted average number of shares: Basic 25,829 25,928 25,829 25,928 Diluted 25,871 25,931 25,871 25,931

This earnings release includes information presented on a pro forma basis. These pro forma financial measures are considered "non-GAAP" financial measures within the meaning of SEC Regulation G. The company believes that this presentation of pro forma results provides useful information to both management and investors by excluding specific revenue, costs and expenses that the company believes are not indicative of core operating results. Additionally, in accordance with GAAP, beginning in the first quarter of 2008, the company reported satellite radio sales on a net basis, but has not recast prior period satellite radio sales as the change in presentation is not considered a change in accounting principle but is the application of the same principle to different facts and circumstances. For comparison and discussion purposes, the company provides sales and cost information on a gross basis. Although not in accordance with GAAP, the company believes this information is informative as to the level of its satellite radio business, provides increased transparency, and presents satellite radio sales on a basis comparable to prior periods and to security and entertainment sales. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with generally accepted accounting principles. The reconciliations set forth below are provided in accordance with Regulation G and reconcile the pro forma financial measures with the most directly comparable GAAP-based financial measures.

DEI HOLDINGS. INC. Reconciliation of GAAP to Pro Forma Net Sales, Cost of Sales, and Gross Profit

(unaudited, in thousands) As As Reported Reclassification Pro Forma Reported Quarter Quarter Quarter Quarter Ended Ended Ended Ended 6/30/2008 6/30/2008 6/30/2008 6/30/2007 Sales: Security and entertainment product sales, net $50,974 $- $50,974 $57,912 Satellite radio product sales, net 4,543 16,168 20,711 27,722 Net product sales 55,517 16,168 71,685 85,634 Royalty and other revenue related to S&E products 3,335 - 3,335 984 Other revenues related to satellite radio products 21 - 21 112 Royalty and other revenue 3,356 - 3,356 1,096 Net Sales $58,873 $16,168 $75,041 $86,730 Cost of sales: Cost of security and entertainment sales 27,331 - 27,331 34,052 Cost of satellite radio sales - 16,168 16,168 24,299 Total cost of sales $27,331 $16,168 $43,499 $58,351 S&E gross profit, including royalty and other revenue $26,978 $- $26,978 $24,844 Satellite radio gross profit, including other revenue 4,564 - 4,564 3,535 Consolidated gross profit $31,542 $- $31,542 $28,379 Security and entertainment gross profit margin 49.7% 49.7% 42.2% Satellite radio gross profit margin - 22.0% 12.7% Consolidated gross profit margin 53.6% 42.0% 32.7% DEI HOLDINGS, INC. Reconciliation of GAAP Net Income (Loss) to Pro Forma and Adjusted EBITDA (Note 1) (unaudited, in thousands) Quarter Quarter Ended Ended 6/30/2008 6/30/2007 Net income (loss) $1,020 $11 Adjustments: Interest expense, net 6,007 6,734 Depreciation 740 621 Amortization 1,393 1,729 Taxes 1,291 486 EBITDA (Note 1) $10,451 $9,581 Non-cash stock-based compensation 326 285 Other 800 694 Adjusted EBITDA (Note 1) $11,577 $10,560

Note 1: EBITDA (earnings before interest, income taxes, depreciation, and amortization, including goodwill and intangible asset impairment) is not a measure of financial performance under generally accepted accounting principles, or GAAP, but is used by some investors to determine a company's ability to service or incur indebtedness. The company presents pro forma EBITDA as it believes that pro forma results provide useful information to both management and investors by excluding specific revenue, costs and expenses that the company believes are not indicative of core operating results. Adjusted EBITDA is presented as it includes other adjustments permitted under the company's lending agreement for covenant calculations. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with generally accepted accounting principles. The reconciliation set forth above is provided in accordance with Regulation G and reconciles EBITDA, pro forma EBITDA, and adjusted EBITDA with the most directly comparable GAAP-based financial measure. EBITDA is not calculated in the same manner by all companies and accordingly is not necessarily comparable to similarly entitled measures of other companies and may not be an appropriate measure for performance relative to other companies. EBITDA is not intended to represent and should not be considered more meaningful than, or as an alternative to, measures of operating performance as determined in accordance with GAAP.

DEI HOLDINGS, INC. Consolidated Statements of Income (unaudited, in thousands, except per share amounts) GAAP Pro Forma YTD YTD YTD YTD 6/30/2008 6/30/2007 6/30/2008 6/30/2007 Sales: Security and entertainment product sales, net $108,006 $119,294 $108,006 $119,294 Satellite radio product sales, net 7,258 43,174 38,291 43,174 Net product sales 115,264 162,468 146,297 162,468 Royalty and other revenue 4,157 2,195 4,157 2,195 Net Sales 119,421 164,663 150,454 164,663 Cost of sales: Cost of security and entertainment sales 58,475 67,347 58,475 66,405 Cost of satellite radio sales - 37,303 31,033 37,303 Total cost of sales 58,475 104,650 89,508 103,708 Gross profit 60,946 60,013 60,946 60,955 Operating expenses: Selling, general and administrative 48,378 44,999 48,378 44,999 Provision for litigation - 5,074 - (420) Total operating expenses 48,378 50,073 48,378 44,579 Income from operations 12,568 9,940 12,568 16,376 Other income (expense): Interest expense, net (12,239) (13,693) (12,239) (13,693) Income (loss) before provision for income taxes 329 (3,753) 329 2,683 Provision for (benefit from) income taxes 912 (996) 912 1,428 Net income (loss) $(583) $(2,757) $(583) $1,255 Net income (loss) per common share: Basic and diluted $(0.02) $(0.11) $(0.02) $0.05 Weighted average number of shares: Basic and diluted 25,844 25,942 25,844 25,942 DEI HOLDINGS, INC. Pro Forma Sales and Margins by Product Category (unaudited, in thousands) Security & Entertainment Satellite Radio Total YTD YTD YTD YTD YTD YTD 6/30/2008 6/30/2007 6/30/2008 6/30/2007 6/30/2008 6/30/2007 Pro Forma Results: Net Product Sales $108,006 $119,294 $38,291 $43,174 $146,297 $162,468 Royalty & Other 4,040 2,044 117 151 4,157 2,195 Net Sales $112,046 $121,338 $38,408 $43,325 $150,454 $164,663 Cost of Sales 58,475 67,347 31,033 37,303 89,508 104,650 Gross Profit $53,571 $53,991 $7,375 $6,022 $60,946 $60,013 % Margin 47.8% 44.5% 19.2% 13.9% 40.5% 36.4%

This earnings release includes information presented on a pro forma basis. These pro forma financial measures are considered "non-GAAP" financial measures within the meaning of SEC Regulation G. The company believes that this presentation of pro forma results provides useful information to both management and investors by excluding specific revenue, costs and expenses that the company believes are not indicative of core operating results. Additionally, in accordance with GAAP, beginning in the first quarter of 2008, the company reported satellite radio sales on a net basis, but has not recast prior period satellite radio sales as the change in presentation is not considered a change in accounting principle but is the application of the same principle to different facts and circumstances. For comparison and discussion purposes, the company provides sales and cost information on a gross basis. Although not in accordance with GAAP, the company believes this information is informative as to the level of its satellite radio business, provides increased transparency, and presents satellite radio sales on a basis comparable to prior periods and to security and entertainment sales. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with generally accepted accounting principles. The reconciliations set forth below are provided in accordance with Regulation G and reconcile the pro forma financial measures with the most directly comparable GAAP-based financial measures.

DEI HOLDINGS, INC. Reconciliation of GAAP to Pro Forma Net Sales, Cost of Sales, and Gross Profit

(unaudited, in thousands) As As Reported Reclassification Pro Forma Reported YTD YTD YTD YTD 6/30/2008 6/30/2008 6/30/2008 6/30/2007 Sales: Security and entertainment product sales, net $108,006 $- $108,006 $119,294 Satellite radio product sales, net 7,258 31,033 38,291 43,174 Net product sales 115,264 31,033 146,297 162,468 Royalty and other revenue related to S&E products 4,040 - 4,040 2,044 Other revenues related to satellite radio products 117 - 117 151 Royalty and other revenue 4,157 - 4,157 2,195 Net Sales $119,421 $31,033 $150,454 $164,663 Cost of sales: Cost of security and entertainment sales 58,475 - 58,475 67,347 Cost of satellite radio sales - 31,033 31,033 37,303 Total cost of sales $58,475 $31,033 $89,508 $104,650 S&E gross profit, including royalty and other revenue $53,571 $- $53,571 $53,991 Satellite radio gross profit, including other revenue 7,375 - 7,375 6,022 Consolidated gross profit $60,946 $- $60,946 $60,013 Security and entertainment gross profit margin 47.8% 47.8% 44.5% Satellite radio gross profit margin - 19.2% 13.9% Consolidated gross profit margin 51.0% 40.5% 36.4% DEI HOLDINGS, INC. Reconciliation of GAAP to Pro Forma Net Income (Loss) (unaudited, in thousands, except per share amounts) YTD YTD 6/30/2008 6/30/2007 GAAP net income (loss) $(583) $(2,757) Adjustments: Gross profit reduction from purchase accounting - 942 Patent litigation costs - 5,494 Tax effects of adjustments - (2,424) Pro forma net income (loss) $(583) $1,255 GAAP net income (loss) per common share, diluted $(0.02) $(0.11) Pro forma net income (loss) per common share, diluted $(0.02) $0.05 Diluted weighted average number of shares (GAAP and pro forma) 25,844 25,942 DEI HOLDINGS, INC. Reconciliation of GAAP Net Income (Loss) to Pro Forma and Adjusted EBITDA (Note 1) (unaudited, in thousands) YTD YTD 6/30/2008 6/30/2007 Net income (loss) $(583) $(2,757) Adjustments: Interest expense, net 12,239 13,693 Depreciation 1,435 1,253 Amortization 3,290 3,413 Taxes 912 (996) EBITDA (Note 1) $17,293 $14,606 Gross profit reduction from purchase accounting - 942 Patent litigation costs - 5,494 Pro forma EBITDA (Note 1) $17,293 $21,042 Non-cash stock- based compensation 629 410 Other 1,322 (101) Adjusted EBITDA (Note 1) $19,244 $21,351

Note 1: EBITDA (earnings before interest, income taxes, depreciation, and amortization, including goodwill and intangible asset impairment) is not a measure of financial performance under generally accepted accounting principles, or GAAP, but is used by some investors to determine a company's ability to service or incur indebtedness. The company presents pro forma EBITDA as it believes that pro forma results provide useful information to both management and investors by excluding specific revenue, costs and expenses that the company believes are not indicative of core operating results. Adjusted EBITDA is presented as it includes other adjustments permitted under the company's lending agreement for covenant calculations. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with generally accepted accounting principles. The reconciliation set forth above is provided in accordance with Regulation G and reconciles EBITDA, pro forma EBITDA, and adjusted EBITDA with the most directly comparable GAAP-based financial measure. EBITDA is not calculated in the same manner by all companies and accordingly is not necessarily comparable to similarly entitled measures of other companies and may not be an appropriate measure for performance relative to other companies. EBITDA is not intended to represent and should not be considered more meaningful than, or as an alternative to, measures of operating performance as determined in accordance with GAAP.

DEI HOLDINGS, INC. Condensed Consolidated Balance Sheets (in thousands) June 30, December 31, 2008 2007 ASSETS Cash and cash equivalents $12,790 $4,760 Accounts receivable, net 46,812 77,366 Inventories 66,371 64,219 Other current assets 16,658 22,936 Total current assets 142,631 169,281 Property and equipment, net 7,815 7,353 Intangible assets, net 153,653 157,265 Other assets 7,456 6,535 Total assets $311,555 $340,434 LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Accounts payable $32,468 $44,814 Accrued expenses 21,968 28,527 Current portion of notes payable - 2,669 Total current liabilities 54,436 76,010 Revolving loan - 4,000 Senior notes, less current portion 258,591 260,257 Deferred tax liability 9,690 8,864 Other liabilities 3,796 5,201 Total liabilities 326,513 354,332 Shareholders' equity (deficit) (14,960) (13,898) Total liabilities and shareholders' equity (deficit) $311,553 $340,434

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080625/LAW063
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com DEI Holdings, Inc.

CONTACT: Kevin Duffy, Chief Financial Officer of DEI Holdings, Inc.,
+1-760-598-6200; or John Mills of Integrated Corporate Relations,
+1-310-954-1100, for DEI Holdings, Inc.

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

PSi Technologies Receives Nasdaq Delisting Notice

MANILA, Philippines, Aug. 5 /PRNewswire-FirstCall/ -- PSi Technologies Holdings, Inc. (the "Company"), , an independent provider of assembly and test services for the power semiconductor market, announced today that on July 31, 2008, it received a Nasdaq Staff Determination letter indicating that the Company has failed to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4320(e)(2)(E)(ii), and that its securities are, therefore, subject to delisting and deregistration from The Nasdaq Capital Market. The Company will request a hearing before a Nasdaq Listing Qualifications Panel (the "Panel") to review the Staff Determination, which will stay the delisting action pending the issuance of a final decision by the Panel. The Company is examining several potential courses of action aimed at supporting the Company in regaining compliance with the requirements for continued listing. However, there can be no assurance that the Panel will grant the Company's request for continued listing.

About PSi Technologies

PSi Technologies is a focused independent semiconductor assembly and test service provider to the power semiconductor market. The Company provides comprehensive package design, assembly and test services for power semiconductors used in telecommunications and networking systems, computers and computer peripherals, consumer electronics, electronic office equipment, automotive systems and industrial products. Their customers include most of the major power semiconductor manufacturers in the world such as Infineon Technologies, ON Semiconductor, Philips Semiconductor, and ST Microelectronics. For more information, visit the Company's website at http://www.psitechnologies.com/ or call:

At PSi Technologies Holdings, Inc.: At Financial Relations Board: Larry Cajucom Lasse Glassen (632) 838 4489 (213) 486 6546 lvcajucomjr@psitechnologies.com.ph lglassen@frbir.com

This press release contains "forward-looking statements," as the phrase is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While these forward-looking statements represent the Company's current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described under the heading "Risk Factors" in the Company's most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission ("SEC"), which may be revised or supplemented in subsequent reports furnished to the SEC. These factors include, but are not limited to, the pace of development and market acceptance of the Company's products and the power semiconductor market generally, commercialization and technological delays or difficulties, the impact of competitive products and technologies, competitive pricing pressures, manufacturing risks, the possibility of our products infringing patents and other intellectual property of third parties, product defects, costs of product development, manufacturing and government regulation, risks inherent in emerging markets, including but not limited to, currency volatility and depreciation, restricted access to financing and political and social unrest and the possibility that the initiatives described herein may not produce the intended results. The Company undertakes no responsibility to update these forward-looking statements to reflect events or circumstances after the date hereof.

PSi Technologies Holdings, Inc.

CONTACT: Larry Cajucom of PSi Technologies Holdings, Inc.,
+1-632-838-4489, lvcajucomjr@psitechnologies.com.ph; or Lasse Glassen,
Financial Relations Board, +1-213-486-6546, lglassen@frbir.com, for PSi
Technologies Holdings, Inc.

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

Allscripts Reports Second Quarter 2008 ResultsCompany Posts Record Total Revenue and Revenue from Software and Related Services

CHICAGO, Aug. 5 /PRNewswire-FirstCall/ -- Allscripts, the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare, today announced results for the three and six months ended June 30, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20061005/ALLSCRIPTSLOGO-b)

Total revenue for the three months ended June 30, 2008 was $81.5 million, compared to $70.0 million for the same period last year. Revenue from software and related services for the three months ended June 30, 2008 was $68.2 million, compared to $54.7 million for the same period last year, increasing by 25%. Both total revenue and revenue from software and related services were new records for the company.

Gross margin percentage was 50.5% for the second quarter of 2008, compared to 50.6% during the second quarter of 2007.

Net income for the three months ended June 30, 2008 was $2.4 million, or $0.04 per diluted share, compared to net income of $6.0 million, or $0.10 per diluted share, for the same period last year. Non-GAAP adjusted earnings for the three months ended June 30, 2008 were $7.3 million, or $0.13 per diluted share, compared to non-GAAP adjusted earnings of $7.9 million, or $0.13 per diluted share for the same period last year. Non-GAAP adjusted earnings for the three months ended June 30, 2008 and 2007 are comprised of net income giving effect to the add-back of acquisition-related amortization of $2.1 million and $1.5 million, respectively, or $0.04 and $0.02 per diluted share, respectively, net of tax, and total stock-based compensation expense of $1.0 million and $0.4 million, respectively, or $0.02 and $0.01 per diluted share, respectively, net of tax. Non-GAAP adjusted earnings for the three months ended June 30, 2008 also give effect to the add-back of transaction-related expenses of $1.8 million, or $0.03 per diluted share, net of tax. Please see "Explanation of Non-GAAP Financial Measures" below for a discussion of non- GAAP adjusted earnings and earnings per share.

As of June 30, 2008, the Company had cash and marketable securities of $66.1 million.

"Allscripts delivered the strongest revenue in company history because we stayed focused on what we do best -- supporting our clients and providing the leading software tools and services that allow physicians and other caregivers to deliver high quality cost effective care," said Glen Tullman, Chief Executive Officer of Allscripts. "I'm especially pleased with the way the market is aligning, with incentives for adoption of our electronic solutions from the federal government, payers and others. Allscripts is well positioned to capitalize on an expanding market opportunity."

Total revenue for the six months ended June 30, 2008 was $153.6 million, compared to $135.1 million for the six months ended June 30, 2007. Revenue from software and related services for the six months ended June 30, 2008 was $126.8 million, compared to $105.9 million for the same period last year, increasing by 20%. Gross margin percentage was 50.3% for the six months ended June 30, 2008, compared to 50.2% for the comparable period a year ago.

Net income for the six months ended June 30, 2008 was $2.4 million, or $0.04 per diluted share, compared to net income of $10.5 million, or $0.18 per diluted share, for the same period last year. Non-GAAP adjusted earnings for the six months ended June 30, 2008 were $12.3 million, or $0.21 per diluted share, compared to non-GAAP adjusted earnings of $14.4 million, or $0.24 per diluted share for the same period last year. Non-GAAP adjusted earnings for the six months ended June 30, 2008 and 2007 are comprised of net income giving effect to the add-back of acquisition-related amortization of $4.2 million and $3.1 million, respectively, or $0.07 and $0.05 per diluted share, respectively, net of tax, and total stock-based compensation expense of $2.2 million and $0.8 million, respectively, or $0.04 and $0.01 per diluted share, respectively, net of tax. Non-GAAP adjusted earnings for the six months ended June 30, 2008 also give effect to the add-back of transaction-related expenses of $3.5 million, or $0.06 per diluted share, net of tax.

Allscripts will conduct a conference call on Tuesday, August 5, 2008 at 4:30 PM Eastern Time. The conference call can be accessed by dialing 1-800-374-1376 and requesting the Allscripts earnings call, or via the Internet at http://www.allscripts.com/. A recording of the conference call will be available three hours after the conclusion of the call for a period of two weeks at http://www.allscripts.com/ or by calling 1-800-642-1687, ID # 54489944.

Explanation of Non-GAAP Financial Measures

Allscripts reports its financial results in accordance with generally accepted accounting principles, or GAAP. To supplement this information, Allscripts presents in this press release non-GAAP net income (and related per share amounts), which is a non-GAAP financial measure under Section 101 of Regulation G under the Securities Exchange Act of 1934, as amended. Non-GAAP net income consists of GAAP net income, excluding acquisition-related amortization, stock-based compensation expense under SFAS No. 123R, and transaction-related expenses, in each case net of any related tax benefit.

-- Acquisition-Related Amortization. Acquisition-related amortization expense is a non-cash expense arising from the acquisition of intangible assets in connection with acquisitions or investments. Allscripts excludes acquisition-related amortization expense from non-GAAP net income because it believes (i) the amount of such expenses in any specific period may not directly correlate to the underlying performance of Allscripts business operations and (ii) such expenses can vary significantly between periods as a result of new acquisitions and full amortization of previously acquired intangible assets. Investors should note that the use of these intangible assets contributed to revenue in the periods presented and will contribute to future revenue generation and should also note that such expense will recur in future periods.

-- Stock-Based Compensation Expense. Stock-based compensation expense is a non-cash expense arising from the grant of stock awards to employees. Allscripts excludes stock-based compensation expense from non-GAAP net income because it believes (i) the amount of such expenses in any specific period may not directly correlate to the underlying performance of Allscripts business operations and (ii) such expenses can vary significantly between periods as a result of the timing of grants of new stock-based awards, including grants in connection with acquisitions. Investors should note that stock-based compensation is a key incentive offered to employees whose efforts contributed to the operating results in the periods presented and are expected to contribute to operating results in future periods and should also note that such expense will recur in future periods.

-- Transaction-Related Expenses. Transaction-related expenses are fees and expenses, including legal, investment banking and accounting fees, incurred in connection with announced transactions. Allscripts excludes transaction- related expenses from non-GAAP net income because it believes (i) the amount of such expenses in any specific period may not directly correlate to the underlying performance of Allscripts business operations and (ii) such expenses can vary significantly between periods.

Management also believes that non-GAAP net income (and related per share amounts) provides useful supplemental information to management and investors regarding the underlying performance of the Company's business operations and facilitates comparisons to our historical operating results. Management also uses this information internally for forecasting and budgeting as it believes that the measure is indicative of the Company's core operating results. Note however, that non-GAAP net income is a performance measure only, and it does not provide any measure of the Company's cash flow or liquidity. Non-GAAP financial measures are not in accordance with, or an alternative for, measures of financial performance prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Allscripts results of operations as determined in accordance with GAAP. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures with GAAP financial measures contained within the attached condensed consolidated financial statements.

About Allscripts

Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost. More than 40,000 physicians and thousands of other healthcare professionals in clinics, hospitals and extended care facilities nationwide utilize Allscripts to automate everyday tasks such as writing prescriptions, documenting patient care, managing billing and scheduling, and safely discharging patients, as well as to connect with key information and stakeholders in the healthcare system. To learn more, visit Allscripts at http://www.allscripts.com/.

This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; our ability to establish and maintain strategic relationships; undetected errors or similar problems in our software products; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry; possible regulation of the Company's software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; our ability to attract and retain qualified personnel; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; maintaining our intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers; our ability to obtain, use or successfully integrate third-party licensed technology; breach of our security by third parties; our ability to complete the pending transactions with Misys plc; risks that the transactions with Misys plc disrupt current plans and operations; our ability to recognize the benefits of the merger with Misys Healthcare Systems, LLC; and the risk factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including our 2007 Annual Report on Form 10-K available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov/. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

Allscripts Healthcare Solutions, Inc. Condensed Consolidated Balance Sheets (amounts in thousands) (Unaudited) June 30, December 31, Assets 2008 2007 Current assets: Cash and cash equivalents $50,844 $43,785 Marketable securities 11,904 5,759 Accounts receivable, net 83,847 81,351 Deferred taxes, net 6,888 16,650 Inventories 5,373 4,178 Prepaid expenses and other current assets 17,582 17,401 Total current assets 176,438 169,124 Long-term marketable securities 3,307 13,459 Fixed assets, net 21,147 18,238 Software development costs, net 25,833 24,115 Intangible assets, net 100,638 107,503 Goodwill 249,808 240,452 Other assets 3,635 5,252 Total assets $580,806 $578,143 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $8,888 $15,911 Accrued liabilities 28,542 22,707 Accrued acquisition obligation - 8,946 Deferred revenue 50,614 45,940 Current portion of long-term debt 290 279 Other current liabilities - 274 Total current liabilities 88,334 94,057 Long-term debt 135,014 135,162 Deferred taxes, net 8,216 6,179 Other liabilities 1,791 2,105 Total liabilities 233,355 237,503 Stockholders' equity 347,451 340,640 Total liabilities and stockholders' equity $580,806 $578,143 Allscripts Healthcare Solutions, Inc. Condensed Consolidated Statements of Operations (amounts in thousands, except per-share amounts) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenue: Software and related services $68,179 $54,681 $126,797 $105,921 Prepackaged medications 9,493 10,939 19,088 21,168 Information services 3,840 4,421 7,716 7,974 Total revenue 81,512 70,041 153,601 135,063 Cost of revenue: Software and related services 29,967 22,797 55,886 45,179 Prepackaged medications 7,848 9,141 15,461 17,449 Information services 2,547 2,632 5,063 4,691 Total cost of revenue (a) 40,362 34,570 76,410 67,319 Gross profit 41,150 35,471 77,191 67,744 Operating expenses: Selling, general and administrative expenses (b) 32,850 25,425 64,243 47,799 Amortization of intangibles 3,439 2,576 6,878 5,152 Income from operations 4,861 7,470 6,070 14,793 Interest expense (1,383) (930) (3,027) (1,863) Interest income and other, net 377 1,106 942 2,143 Gain on sale of equity investment - 2,392 - 2,392 Income before income taxes 3,855 10,038 3,985 17,465 Income taxes (1,503) (4,010) (1,553) (6,970) Net income $2,352 $6,028 $2,432 $10,495 Net income per share - basic $0.04 $0.11 $0.04 $0.19 Net income per share - diluted $0.04 $0.10 $0.04 $0.18 Weighted average shares of common stock outstanding used in computing basic net income per share 56,766 55,648 56,635 55,146 Weighted average shares of common stock outstanding used in computing diluted net income per share (c) 57,772 64,802 57,570 64,327 (a) Includes stock-based compensation of $245 and $103 for the three months ended June 30, 2008 and 2007, respectively, and $592 and $185 for the six months ended June 30, 2008 and 2007, respectively. (b) Includes stock-based compensation of $1,367 and $520 for the three months ended June 30, 2008 and 2007, respectively, and $2,980 and $1,094 for the six months ended June 30, 2008 and 2007, respectively. (c) Weighted average diluted shares for the three and six months ended June 30, 2007 include 7,329 common shares related to the Company's 3.5% Senior Convertible Notes. Such shares were antidilutive for the three and six months ended June 30, 2008. Interest expense, net of tax, totaling $523 and $1,046 has been added back to net income for the net income per diluted share calculation for the three and six months ended June 30, 2007, respectively. Allscripts Healthcare Solutions, Inc. Reconciliation of Non-GAAP Adjusted Earnings and Non-GAAP Adjusted Earnings Per Share (amounts in thousands, except per-share amounts) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Net Income $2,352 $6,028 $2,432 $10,495 Stock-based compensation expense (tax effected at 39% for 2008 and 40% for 2007) 984 374 2,179 767 Acquisition-related amortization (tax effected at 39% for 2008 and 40% for 2007) 2,098 1,546 4,196 3,091 Transaction-related expenses (tax effected at 39% for 2008) 1,835 - 3,456 - Non-GAAP Adjusted Earnings $7,269 $7,948 $12,263 $14,353 Weighted average shares of common stock outstanding used in computing diluted non-GAAP adjusted earnings per share 57,772 64,802 57,570 64,327 Non-GAAP Adjusted Earnings Per Share - diluted $0.13 $0.13 $0.21 $0.24

Photo: http://www.newscom.com/cgi-bin/prnh/20061005/ALLSCRIPTSLOGO-b
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Allscripts

CONTACT: Dan Michelson, Chief Marketing Officer, +1-312-506-1217,
dan.michelson@allscripts.com, or Todd Stein, Senior Manager-Public Relations,
+1-312-506-1216, todd.stein@allscripts.com, or Bill Davis, Chief Financial
Officer, +1-312-506-1211, bill.davis@allscripts.com, all of Allscripts

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

Wireless Phone Users in St. Louis' Midtown Now Experience Even Clearer Reception and Fewer Dropped CallsVerizon Wireless Activates Cell Site on St. Louis University Campus

ST. LOUIS, Aug. 5 /PRNewswire/ -- Verizon Wireless, the only major carrier with a 30-day network test-drive pledge that pays for calls if a customer isn't satisfied and switches to another carrier, has activated a new cell site in the City of St. Louis that expands network coverage and increases capacity, enabling more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; and download games and ringtones while enjoying clearer reception and fewer dropped calls.

This new cell site improves Verizon Wireless' voice and data network in the Midtown section of St. Louis, supplying better coverage and capacity in the vicinity of St. Louis University (SLU). Specifically, Verizon Wireless customers will experience better coverage on the SLU campus and within a radius of campus that stretches west to the Lindell Boulevard and Sarah Street intersection, and east to the N. Garrison Avenue and Olive Street intersection. Likewise, the improved coverage area extends north and south of SLU to about the Grand Avenue junctions with Page Avenue and Gratiot Street.

"This network enhancement reflects our ongoing commitment to meet the growing needs of our customers and to provide them with the reliable, high quality service they expect from Verizon Wireless," said Lou Sigillo, president-Kansas/Missouri Region, Verizon Wireless.

Reliable service is fundamental to customer loyalty, and Verizon Wireless boasts the highest customer loyalty in the industry, as measured by the company's low percent of customer turnover.

"The value we offer our customers is closely tied to our industry-leading customer retention," Sigillo said. "Wireless consumers today understand that value is not defined by price alone. A major reason our customers choose Verizon Wireless and stay with us is because we offer the nation's most reliable network."

This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Missouri and throughout the country. Verizon Wireless has invested $44 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. More than $79 million of this investment was spent in Missouri in 2007.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 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: Cheryl Bini Armbrecht, Cheryl.Bini@verizonwireless.com, or
Brenda Hill, Brenda.Hill@verizonwireless.com, both of Verizon Wireless,
+1-314-920-4444; or Caroline Villanueva, +1-314-725-5645,
Caroline@sequel-llc.com, for Verizon Wireless

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

Town of Abingdon, Virginia, Deploys Federal Signal Public Safety Broadband Wireless Network to Enable First Responders

UNIVERSITY PARK, Ill., Aug. 5 /PRNewswire-FirstCall/ -- Federal Signal Corporation's Safety and Security Systems Group, a leader in advancing security and well-being, today announced that the Town of Abingdon, Virginia, has deployed a Federal Signal 4.9 GHz public safety broadband wireless network to deliver mission-critical communications to police, fire and EMS personnel. In addition, the network will include 2.4 GHz access for consumers and commercial entities.

"The Town of Abingdon needed a high performance mesh network for both public safety, and consumer and commercial access. Federal Signal's solution met our mission-critical need to enhance public safety and security in our growing community," said Floyd Bailey, director of information technology for the Town of Abingdon. "With the Federal Signal network in place, our first responders can instantly synchronize key public safety databases, transport video surveillance data, manage incident scene communications and complete vital interoperable communications."

Public safety wireless broadband networks help emergency services organizations, such as police, fire and emergency medical services, to prevent or respond to incidents that harm or endanger persons or property.

"Federal Signal's public safety broadband wireless networks are part of our comprehensive offering to enable first responders to take control of vital assets and data in mission-critical situations," said Matthew B. Brady, vice president of sales for Federal Signal's Public Safety Systems Division. "We are pleased to help the Town of Abingdon enhance safety, security and well-being in their vibrant community every day."

The Federal Signal public safety broadband wireless network is part of Federal Signal's global Public Safety Systems industry platform.

About Federal Signal

Federal Signal Corporation enhances the safety, security and well-being of communities and workplaces around the world. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and institutional customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates three groups: Safety and Security Systems, Environmental Solutions and Fire Rescue. For more information on Federal Signal, visit: http://www.federalsignal.com/.

Federal Signal Corporation's Safety and Security Systems Group

CONTACT: John Segvich of Federal Signal, +1-708-587-3486,
jsegvich@federalsignal.com

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

Global Payments Announces Fourth Quarter Dividend

ATLANTA, Aug. 5 /PRNewswire-FirstCall/ -- Global Payments Inc. , a leading provider of electronic transaction processing solutions, announced today that its board of directors approved a fourth quarter dividend of $0.02 per common share payable August 31, 2008 to shareholders of record as of August 18, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO )

Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, and multi-national corporations located throughout the United States, Canada, Latin America, Europe, the United Kingdom, and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the United States and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit http://www.globalpaymentsinc.com/.

Contact: Jane M. Elliott 770-829-8234 Voice 770-829-8267 Fax investor.relations@globalpay.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Global Payments Inc.

CONTACT: Jane M. Elliott, Global Payments Inc., +1-770-829-8234, fax,
+1-770-829-8267, investor.relations@globalpay.com

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

ACS and Protech Solutions, Inc. Announce Initiative for Next-Generation Child Support System

DALLAS, Aug. 5 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. today announced an initiative with Protech Solutions, Inc. to offer CSEnext, a new state child support enforcement (CSE) solution designed to increase case collections, staff productivity and system savings.

"Combining ACS' proven expertise and Protech's unequaled track record of designing child support systems, the power of CSEnext will benefit our clients and the people they serve," said Joe Doherty, executive vice president and group president of ACS' Government Solutions Group. "This is another example of how ACS understands how to find forward-thinking solutions for all levels of governments and the issues they face every day."

The next-generation enterprise framework allows states to modernize their legacy system through flexible Web-based modules, which is less expensive and easier than a full-system replacement. CSEnext also maintains the state's federal system certification.

Developed by Protech, CSEnext is the nation's most innovative child support case management application. "Through CSEnext modules and a low-risk development framework, ACS and Protech will deliver a risk-managed child support modular solution that will improve services dramatically through innovative case management solutions," said Nagaraj Garimalla, CEO of Protech Solutions, Inc. "These are mature, tested modules that can be implemented incrementally and can co-exist with current child support systems."

ACS is the largest provider of managed services for state and local governments -- including county governments -- including more than 1,700 state and local government entities. ACS is the largest provider of BPO services in the government sector, including more than $7.5 billion in beneficiary payments through its electronic payment card or stored value card services as well as supporting more than 23 million Medicaid recipients, processing nearly 550 million Medicaid healthcare claims annually.

ACS processes nearly half of the nation's child support payments, more than $13 billion per year.

About ACS

ACS, a global FORTUNE 500 company with 63,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Learn more about ACS at http://www.acs-inc.com/.

The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.

Affiliated Computer Services, Inc.

CONTACT: investors, Jon Puckett, Vice President, Investor Relations,
+1-214-841-8281, jon.puckett@acs-inc.com, or media, Ken Ericson, Director,
Corporate Communications, +1-202-378-2692, ken.ericson@acs-inc.com, both of
Affiliated Computer Services, Inc.

Web site: http://www.acs-inc.com/

Tomorrow's CIO Looking Very Much Like Today's CEO, InformationWeek Research FindsNew research finds emerging challenges abound for Tomorrow's CIO: Mastering Business Processes, Creating Customer Value and Experience Outside of IT

SAN FRANCISCO, Aug. 5 /PRNewswire-FirstCall/ -- InformationWeek, the leading multimedia business technology brand, released the results of an in-depth study that delves into the role of the CIO and their evolving influence within their organizations. The study, "Tomorrow's CIO", reveals that companies continue to demand business innovation and technology vision from CIOs while looking to CIOs for leadership across a broad range of issues. In addition, there are signs that the perception of the CIO role has slipped among other corporate officers, according to the latest report by InformationWeek's Analytics (http://www.informationweekanalytics.com/), an exclusive IT research and analysis service from TechWeb's InformationWeek (http://www.informationweek.com/). The InformationWeek Analytics Report on Tomorrow's CIO, written by John Soat, is now available at http://www.informationweekanalytics.com/index.asp?PageAction=VIEWPROD&ProdID=4 4 (Due to length of URL, please copy and paste into browser and remove the space if one exists)

InformationWeek found that companies will continue to expect more than infrastructure management from CIOs and their IT organizations. The attributes considered extremely important by at least eight of 10 people surveyed are leadership, effective execution, collaboration, vision, innovation, and team building. In the survey of 720 business technology executives, 78% believe that the need to optimize business processes will drive the CIO's influence as a leader.

Still, the study offers warning signs for CIOs. Only 39% of corporate managers outside IT say the influence of the CIO is increasing, down from 43% in InformationWeek's research a year ago. CIOs are slightly more bullish on themselves: 55% say the CIO's stature has increased in their organization, down from 66% a year ago. One third of the corporate managers surveyed describe the CIO as "actively involved" in the big corporate decisions, the same as last year. But only 30% of CIOs describe themselves as "actively involved," down from 38% last year.

The research points to even greater changes for the CIOs waiting in the wings. New and future generations of CIOs will need a different skill set to master the CIO role of tomorrow. Experience other than IT is increasingly more critical to the CIO of tomorrow. Expectations are high for tomorrow's CIO -- a tech-savvy business leader and innovator, aggressive and effective, visionary and practical, innovative and process orientated.

The survey indicates how important diverse experience is to the CIO role of the future. Effective future CIOs will likely need experience running a business unit outside IT. (see chart below)

Very important 36% Valuable, but not critical 58% Not important 6%

Although there are signs pointing towards less CIO influence, leadership continues to top the list of attributes critical for tomorrow's CIO; this was cited by more than nine of 10 respondents.

The survey shows the following ranking of for CIO attributes: Leadership 94% Ability to execute and meet deadlines 89% Collaboration and communication 88% Vision 85% Innovation 81% Team building 80% Consensus building 68% Technical breadth and depth 55% Raw intellect 53% Sales orientation 35%

The report also cited the major obstacles confronting CIOs and topping the list is the view of IT as a cost center rather than business enabler. The survey shows the following list of obstacles facing CIOs:

CIOs/VPs Corporate of IT Managers The fact that IT is still viewed as a cost center 70% 66% The burden of ongoing IT maintenance 57% 50% The fact that top management lacks technology vision 41% 30% Inability to attract and retain top business technology talent 31% 29% A risk-adverse corporate culture 29% 25% The fact that more business executives are involved in technology strategy 22% 24% Diminished influence of the CIO in the senior management ranks 20% 13%

"There's a dichotomy developing around the perception of the CIO. Where some organizations see a competitive advantage in their IT organizations, others suffer from the legacy perception that IT is a cost to be minimized," said Art Wittmann, Managing Director of InformationWeek Analytics. "Increasingly it's up to the CIO to prove the worth of IT investments."

In conjunction with this research, InformationWeek also offers The CIO Assessment Tool, which evaluates the preparedness of CIOs for tomorrow's challenges. CIOs can assess their readiness by visiting: http://www.informationweek.com/news/management/interviews/showArticle.jhtml?articleID =208403497 (Due to length of URL, please copy and paste into browser and remove the space if one exists)

These survey results punctuate the theme of the 2008 InformationWeek 500 Conference, "Tomorrow's CIO." The annual event will be held September 14-16, 2008 at the St. Regis Resort in Monarch Beach, CA. The prestigious event will not only celebrate naming the top 500 IT organizations, it will also focus on preparing technology executives to meet the needs of tomorrow's dynamic business environment.

The 2008 InformationWeek 500 Conference provides insights to the skills, experience and expertise that will ensure success for the CIO of the future. The Conference will feature in-depth, expert-led discussions on what it takes for current and next-generation CIOs to prosper, peer group dialogue including innovative sessions with leading CIOs designed to spark ideas and interaction, a keen focus on the technologies that will drive tomorrow's businesses and proven, unconventional strategies and processes to make it happen.

To learn more about the Tomorrow's CIO research study, please visit: http://informationweekanalytics.com/index.asp?PageAction=VIEWPROD&ProdID=44 . To learn more about the 2008 InformationWeek 500 Conference, please visit http://www.informationweek.com/conference/08fall/ or contact Scott Vaughan, Vice President, Marketing, TechWeb at svaughan@techweb.com or 949.223.3662.

About InformationWeek Business Technology Network (http://www.informationweek.com/)

The InformationWeek Business Technology Network provides business technology executives with unique perspective, market leading research and innovative tools that work in lock step with their work flow -- from defining and framing business technology objectives through to the evaluation and recommendation of specific solutions. The InformationWeek Business Technology Network delivers the entire market, from SMBs with bMighty.com to large-scale global companies with InformationWeek. We scale across the most critical technology categories in the market -- security with DarkReading.com, storage with ByteandSwitch.com, application architecture with IntelligentEnterprise.com, network architecture with NetworkComputing.com and communications with NoJitter.com. Through its multi-media platform and unique content-in-context information distribution system, the InformationWeek Business Technology Network provides trusted information developed both by editors and real world CIO/IT professionals delivered how and when business technology executives want it, 24/7.

About TechWeb (http://www.techweb.com/aboutus)

TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services.

TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

*13.3 million business decision-makers: based on # of monthly connections across TechWeb brands.

Contact: Ellen Asuncion Marketing Manager 949-223-3622 easuncion@techweb.com

InformationWeek; TechWeb

CONTACT: Ellen Asuncion, Marketing Manager, +1-949-223-3622,
easuncion@techweb.com, for InformationWeek and TechWeb

Web site: http://www.informationweek.com/
http://www.informationweekanalytics.com/
http://www.informationweek.com/conference/08fall

Company News On-Call: http://www.prnewswire.com/comp/141742.html

Febreze(R): A Pet Owner's Best FriendFebreze Targets Pet Owners and Lovers with Complete Line of Febreze Pet Odor Eliminator

CINCINNATI, Aug. 5 /PRNewswire-FirstCall/ -- Febreze, the leading line of home freshening products and a favorite among pooches and purrs, is extending its revolutionary Pet Odor Eliminator technology into a complete pet-friendly collection. Febreze Fabric Refresher and Air Effects Pet Odor Eliminator offerings will be joined this summer by Febreze Candles Pet Odor Eliminator and Febreze NOTICEables Pet Odor Eliminator, delivering breaths of fresh air to pet-loving homes across the country.

Unlike many air fresheners that just cover up pet odors with a heavy perfume, Febreze Pet Odor Eliminator products eliminate pet odors in the air while at the same time delivering a light, fresh scent. Febreze has come full circle with the entire line, now offering pet owners a wider array of tools to de-stink and freshen up, while maintaining a happy and healthy home for their furry loved ones.

"The success of Febreze Fabric Refresher and Air Effects Pet Odor Eliminator has led the brand to extend freshness to more pet homes across the country," said Scott Beal, Brand Manager for Febreze. "The addition of Febreze Candles and Febreze NOTICEables Pet Odor Eliminator will provide pet owners freshness and odor elimination benefits in a broader and more versatile line."

To kick off the Pet Odor Eliminator line, Febreze will be the first to sponsor Dogster.com's Adoption Zone, continuing its successful partnership with Dogster.com and Catster.com, the fastest-growing pet destinations on the Web. New pet owners in the Dogster and Catster communities will also be encouraged to join a special Febreze group for an exclusive, limited edition Pet Pal Pack. The pack will come complete with a collapsible pet bowl, handy food scoop, food clip and Febreze Pet Odor Eliminator coupons, good for the entire line.

"The Febreze Pet Odor Eliminator Group on Dogster.com and Catster.com has been one of the most successful groups in our Web sites' history," said Steven Reading, Chief Business Officer of Dogster and Catster. "Dogster and Catster are thrilled to continue our relationship with Febreze and offer our members new and innovative resources to properly care for their pets and homes."

The Febreze Air Effects Pet Odor Eliminator line is approved by the American Society of the Prevention of Cruelty to Animals. Febreze Pet Odor Eliminator products are convenient tools for pet-owners -- whether plugging in a Febreze NOTICEables near the litter box or showing proper "petiquette" by lighting a Febreze Candle to remove odors for house guests, Febreze is an essential tool for the new and existing pet lover.

Febreze Air Effects Pet Odor Eliminator is available at major mass market grocery and drug store retailers nationwide. Price is at the sole discretion of the retailer; suggested retail price for the line ranges from $2.00 - $8.00.

The Febreze family of products, which also includes the Febreze Fabric Refresher line, Febreze Candles(TM), Febreze To Go(TM), Febreze Air Effects(TM) and Febreze NOTICEables(TM), all feature advanced odor eliminating technology. For more information on Febreze Pet Odor Eliminator, visit http://www.febreze.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), Folgers(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R), Actonel(R), Duracell(R), Olay(R), Head & Shoulders(R), Wella(R), Gillette(R), and Braun(R). The P&G community consists of over 135,000 employees working in over 80 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brand.

Procter & Gamble

CONTACT: Colleen Mathis of Manning Selvage & Lee, +1-212-468-3984,
Colleen.mathis@mslpr.com, for Procter & Gamble; Jay Benton of Procter &
Gamble, +1-513-983-2864, Benton.jp@pg.com

Web site: http://www.febreze.com/
http://www.pg.com/
http://www.dogster.com/
http://www.catster.com/

Light Reading Launches Green Telecom Conference: Solutions for Energy-Efficient Communications InfrastructureFirst Telecom Industry Conference Focused on 'Green' Issues Facing Network Operators: Energy Efficiency, Renewable Energy Resources, and Greenhouse Gas Management

NEW YORK, Aug. 5 /PRNewswire-FirstCall/ -- TechWeb's Light Reading, the world's leading online publication for the telecom industry, announced today it is launching an industry conference focused on timely "green" issues facing telecom network operators and their equipment suppliers. Green Telecom: Solutions for Energy-Efficient Communications Infrastructure is scheduled to take place October 27, 2008, at the Westin Park Central Hotel in Dallas.

Network operators and equipment manufacturers alike are in the spotlight for designing and utilizing equipment - broadband, video, data-center, network, and even customer premises equipment - that uses reduced power consumption and heat dissipation.

Green Telecom features thought leaders from the telecom community with knowledge and experience in solving energy-related challenges for network operators. Confirmed speakers include Stanley Hubbard, Senior Analyst for Heavy Reading; Keith Hayes, Vice President of Network Operations, Charter Cable; Jake MacLeod, Chief Technology Officer, Bechtel Telecom; Kathy Loshbaugh, Vice President Network Engineering, Sprint; and more.

"This is the first stand-alone industry conference focused on what the communications industry can expect in three-, five-, or ten-year time horizons, with regard to next-generation communications network topology, components, energy management, and more," said Conference Chair Timothy Downs. "We expect an audience of network operators and suppliers to learn more about evolving environmental and regulatory climate, and the likely impacts to telecom network owners."

Sponsorship opportunities are still available. For more information email events@lightreading.com.

About Light Reading

Founded in 2000, Light Reading (http://www.lightreading.com/) is the ultimate source for technology and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. It reaches an extensive audience of executives and technologists within the telecom and enterprise networking communities, as well as the financial/industry analysts and investors who track these sectors. Light Reading was acquired by United Business Media in August 2005 and operates as a member of its TechWeb division.

About TechWeb

TechWeb (http://techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events, Interop, Web 2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, and Wall Street & Technology magazines. TechWeb also provides end-to-end services including next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

*13.3 million business decision-makers: based on number of monthly connections

Contact: Amy Averbook Director of Corporate Marketing Light Reading 212 925-0020 x112 averbook@lightreading.com

Light Reading

CONTACT: Amy Averbook, Director of Corporate Marketing of Light Reading,
+1-212-925-0020 x112, averbook@lightreading.com

Web site: http://www.lightreading.com/
http://techweb.com/aboutus

Company News On-Call: http://www.prnewswire.com/comp/141755.html

Joytoto USA, Inc. to Develop and Distribute Its Own MP3 Device

SANTA CLARA, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Joytoto USA, Inc. (BULLETIN BOARD: JYTO) announced it has begun development of its own MP3 device. The device is expected to initially be available in Mexico, and Central and South America.

Currently the Company designs and manufactures multi media devices as an Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) for big box retailers' in-house brands primarily distributed in the United States. The move comes as an effort to capitalize on the rapid growth being experienced in emerging markets within Latin America. Michael Cho, CEO of Joytoto USA said, "By leveraging our design, engineering and manufacturing expertise in Korea we are able to offer the Latin America markets advanced MP3 player technologies at a competitive price point. With the growth in consumer electronic spending in these markets we can become a leading supplier of portable entertainment devices."

The company is currently in discussions with one of Latin America's premier electronics super stores and expects that shipments could begin by early fourth quarter 2008.

About Joytoto:

Joytoto USA, Inc. (BULLETIN BOARD: JYTO.OB - News) . The company's two business segments are electronic products and components, and online games. The electronic products and components business is that of a virtual, original equipment manufacturer (OEM) and original design manufacturer (ODM) of consumer electronics for retailers throughout the world. Joytoto USA's online game business segment operates online games in North America pursuant to an Exclusive North American Master License Agreement with Joyon Entertainment Co., Ltd. ("Joyon Korea"). The Master License Agreement gives Joytoto USA's wholly-owned subsidiary access to Joyon Korea's library of successful online games currently operating in the Asian markets which have generated more than $100,000,000 in the Asian markets.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and subject to the Safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to the company's access to additional capital competitive factors, the company's ability to consummate its acquisition strategy, consumer acceptance of the company's products and dependence on key management.

Joytoto USA, Inc.

CONTACT: Joytoto USA, Inc. Investor Relations, 1-866-492-4138

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

Pictometry and First American Combine Accurate Parcel Addressing With 3-D Like Intelligent Images(TM)Unprecedented accuracy and oblique imagery offer new possibilities for Insurance, Utilities, Real Estate and Mortgage/Banking Industries

ROCHESTER, N.Y., Aug. 5 /PRNewswire/ -- Pictometry International Corp., a leading provider of geo-referenced aerial image libraries whose proprietary technology is used globally to capture oblique image libraries, today announced a powerful new alliance with First American Proxix Solutions, a subsidiary of the First American Corporation, which combines Pictometry's 3-D like Intelligent Images(TM) with the most accurate location technology available today. The result is Pictometry MatchPoint API(TM).

Pictometry MatchPoint uses basic address information to locate properties with unparalleled parcel precision; then instantly displays these locations using the same 3D-like high-resolution, geo-referenced imagery emergency responders use to see all the way around a location and glean critical visual information.

"This alliance joins two powerful technologies to create a capability that has limitless applications and potential," said Pictometry's Dante Pennacchia, Chief Marketing Officer, adding, "We're thrilled to partner with First American in this way. Together, we hope to set a new standard and change the way people work by providing them with easy access to visual intelligence with an accuracy level they can trust."

Pictometry MatchPoint is a web-based visual information solution which features First American's PxPoint parcel-level geocoding technology and Pictometry's oblique imagery. PxPoint is a multinational geo-coding engine designed with advanced matching algorithms and the ability to utilize multiple datasets simultaneously, including the most complete national parcel database available today and more than 80 million addresses worldwide (more than double the size of other geocoding databases). Pictometry's proprietary oblique image capture process captures imagery at an angle for a 3-D like view, unlike traditional orthogonal or 'straight down' imagery which provides only a rooftop view.

"Other addressing solutions simply don't have access to the data PxPoint uses to have this level of accuracy," said Scott Little, Chief Executive Officer for First American's Proxix Solutions. PxPoint's advanced geocoding technology and database work together to eliminate uncertainty over the location of an address. "Now, users can have confidence in what they find and no longer need to confirm or further determine a property's exact location by studying nearby features. We focus on the locational accuracy and Pictometry brings the location to life."

"More precise geocoding makes Pictometry's imagery more valuable for a wide range of applications," said David Sonnen, International Data Corporation's Senior Consultant for Spatial Information. "This is a significant new spatial data capability. We expect to see good uptake within industries ranging from real estate to emergency services." For more on Pictometry MatchPoint, visit http://www.pictometry.com/.

About The First American Corporation

The First American Corporation is a FORTUNE 500 company that traces its history to 1889. With revenues of approximately $8.2 billion 2007, it is America's largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumer with valuable information products to support the major economic events of people's lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments including: Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at http://www.firstam.com/.

About Pictometry

Pictometry International Corp. is a leading provider of geo-referenced, aerial image libraries and related software. Pictometry has captured over 50 million digital aerial images in over 600 counties in the United States covering over 70 percent of the United States population. Using its proprietary imaging process, Pictometry(R) captures geo-referenced, high- resolution oblique (at an angle, producing a 3-D like view) and orthogonal (straight down) Intelligent Images(R), within which structures and land features can be measured. Pictometry customizes and markets these technologies for government and commercial applications, offering non-traditional software solutions to aerial imaging needs. Pictometry's imagery and software enables users to "See Everywhere, Measure Anything, Plan Everything"(R)using a patented digital information system. Pictometry has its headquarters in Rochester, NY and an office in Europe. Pictometry is a second order visualization tool that does not produce authoritative or definitive information (surveying) from its digital, aerial images. For more information on Pictometry, visit http://www.pictometry.com/.

For more information, contact Tami Bacon, Pictometry Public Relations Manager

at (585) 487-1488 or e-mail at tami.bacon@pictometry.com

Pictometry International Corp

CONTACT: Tami Bacon, Public Relations Manager of Pictometry,
+1-585-487-1488, tami.bacon@pictometry.com

Web site: http://www.pictometry.com/
http://www.firstam.com/

Conversion Services International Announces Engagement in Support of BusinessObjects Rapid Marts for SAP Solutions- CSI engaged to implement new business intelligence platform -

EAST HANOVER, N.J., Aug. 5 /PRNewswire-FirstCall/ -- Conversion Services International, Inc. , a premier professional services firm focused on delivering business intelligence and business process optimization solutions to Global 2000 organizations and other businesses, today announced a new engagement with a global real estate investment company to implement several BusinessObjects(TM) Rapid Marts(R) packages for SAP(R) solutions.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO )

CSI, a Business Objects Platinum Partner, has extensive expertise in customizing and implementing BusinessObjects Rapid Marts for SAP solutions and BusinessObjects XI solutions and has assisted a number of clients to integrate their business intelligence solutions with rapid marts. CSI has been implementing BusinessObjects Rapid Marts for SAP solutions since 2005, well before SAP acquired Business Objects. Therefore, when customers engage with CSI, they can expect a knowledgeable team prepared to answer the myriad of questions surrounding such a deployment. CSI has deployed every available BusinessObject Rapid Mart for SAP solutions, including general ledger, the latest one to hit the market.

With CSI's deep focus on information management -- both data warehousing and business intelligence -- rapid marts have become a natural match of software and service provider. As a leader in support of BusinessObjects Rapid Marts, CSI brings 5 years' experience -- adding knowledge and best practices with each rapid implementation. CSI's knowledge and hands-on expertise allows its clients to set realistic expectations with management laying the groundwork for success.

According to Jared Hillam, CSI's vice president of Business Intelligence, "Leveraging CSI's history and leading-edge expertise in rapid mart customization and implementation, our client will reap immediate benefits in business intelligence through consolidated reporting, self-service reporting and a more-refined data warehouse supporting their business processes."

This client is implementing the SAP ERP application Release 6.0, SAP NetWeaver(R) Business Intelligence (SAP NetWeaver BI), and a business intelligence platform based on the BusinessObjects Enterprise software. After engaging Conversion Services International (CSI) for a high-level business intelligence strategy and integration plan, this client turned to CSI to help with their subsequent implementation. CSI will work with this client using standardized methodology for rapid mart implementations focusing on business requirements, gap analysis, and maintainability. Both the BusinessObjects Rapid Mart database schema and semantic layer will be modified and enhanced to maximize business value.

Hillam added, "CSI has been a partner of Business Objects for 10 years. This has resulted in a team of consultants that provide an extraordinary level of expertise on the matter. Our Business Objects Center of Excellence provides services for more than 100 business intelligence implementations annually. Business Objects has acquired many of the tools with which CSI has established depth of expertise. Hence, CSI is nationally recognized for its expertise in the core business intelligence and data warehousing tools from Business Objects. With expertise in CRM and ERP applications from vendors including Microsoft, SAP, Sage and Oracle, CSI's full-service approach to business intelligence provides the tools and training to help companies get the most out of their BI software investments. CSI has extensive expertise extracting data from SAP data structures. This is where CSI methodologies and best practices help our clients reduce time to implement and increase time to value when taking a rapid mart to production."

BusinessObjects Rapid Marts for SAP solutions are prepackaged, flexible data marts that can be implemented in weeks instead of the months or quarters that are normally associated with data warehousing projects on SAP ERP. Rapid Marts are powered by BusinessObjects Data Integrator, a powerful and productive data integration platform that leads the industry with its support for extracting data from and loading data into SAP ERP and SAP NetWeaver BI-based systems. SAP application interfaces supported include ABAP(TM), BAPI(R) and IDoc.

About Conversion Services International, Inc.

Conversion Services International, Inc. (CSI) is a leading provider of professional services focusing on strategic consulting, data warehousing, business intelligence, business process reengineering, as well as integration and information technology management solutions. CSI offers an array of products and services to help companies define, develop, and implement the warehousing and strategic use of both enterprise-wide and specific categories of strategic data. CSI's customers include ADP, Coach, Goldman Sachs, Liberty Mutual, Merck, Morgan Stanley, and Pfizer. Information about CSI can be found on the web at http://www.csiwhq.com/ or by calling its corporate headquarters at 888-CSI-5036.

Note on Forward-Looking Statements

Except for the historical information contained herein, this press release contains, among other things, certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such statements may include, without limitation, statements with respect to CSI's plans, objectives, expectations and intentions and other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans" or similar expressions. These statements are based upon the current beliefs and expectations of CSI's management and are subject to significant risks and uncertainties, including the ability of CSI to be in compliance with all applicable American Stock Exchange continued listing requirements, the ability to maintain revenue growth, the ability to locate and acquire other businesses and to successfully integrate such acquisitions, the ability to decrease operating expenses, and those detailed in CSI's filings with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond CSI's control). CSI undertakes no obligation to update publicly any forward-looking statements.

Business Objects and the Business Objects logo, BusinessObjects and Crystal Reports are trademarks or registered trademarks of Business Objects in the United States and/or other countries.

SAP, SAP NetWeaver, ABAP, BAPI and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.

All other names mentioned herein may be trademarks of their respective owners.

Media Contact: Tracee Lee Beebe Conversion Services International, Inc. 973-560-9400 tbeebe@csiwhq.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Conversion Services International, Inc.

CONTACT: Tracee Lee Beebe, Conversion Services International, Inc.,
+1-973-560-9400, tbeebe@csiwhq.com

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

Author Avoids Travel Cost and Hassle Using Mediasite to Webcast Virtual Book TourColleen Gleason to unveil her latest release via webcast to a global audience

MADISON, Wis., Aug. 5 /PRNewswire-FirstCall/ -- In the first-ever virtual book release using Mediasite by Sonic Foundry, Inc. , the recognized market leader for rich media webcasting and knowledge management, author Colleen Gleason will connect simultaneously with fans across the globe today as she unveils When Twilight Burns, the highly-anticipated fourth book in The Gardella Vampire Chronicles.

The live webcast is scheduled for Tuesday, August 5 at 8:30 p.m. Eastern at http://learning.mihealth.org/mediasite/colleengleason/. It will also be available on demand for one month following the webcast.

"Using Mediasite I can be available to fans worldwide without all the travel and costs associated with a traditional book tour. This time they won't even have to leave their homes, and it's free for them and little cost to me," said Gleason, who expects fans to tune in from several locations in the U.S. as well as Hong Kong, Scotland, Ireland and Italy. "Mediasite offers total flexibility, is within my budget and has the features and capability I wanted."

One of those features is the ability for the web audience to ask real-time questions. "Mediasite is a platform for me to interact with my fans in a unique way. It is an opportunity for them to talk to me directly -- something they might not have the opportunity to do at a general book signing," said Gleason. "They'll have a chance to ask me questions, see my visible reaction to certain questions and read my thoughts when they try to nail me down on details I won't divulge. They'll see what I'm like as a person, rather than just a picture on a website."

Viewers will be able to interact with Gleason as she reads an excerpt from her latest installment and talks about how she researches her books, which are set in 18th century England. The storyline -- part Buffy the Vampire Slayer, part Pride and Prejudice -- follows a woman balancing life as a Regency-era debutante with one as the descendent of a line of vampire hunters. Since the third book, The Bleeding Dusk, ended on a cliffhanger, fans are anxiously awaiting this release.

Gleason sees the virtual book release as an emerging trend as authors boost their web presence with blogs and live chats. She plans to use the webcast to strengthen her already robust fan base.

"The thing I like best about Colleen is that she's always on the cutting edge of romance promotion and the virtual book release with Mediasite is yet another stroke of genius," said Kati Dancy, who will be tuning in to the webcast from her home in Washington DC. "It allows us, the fans, to hear Colleen talk more about this exciting series and gives us a chance to interact with her and ask any burning questions we might have. It's an opportunity I wouldn't otherwise have."

For more information please visit the author's website at http://www.colleengleason.com/.

About Sonic Foundry(R), Inc.

Founded in 1991, Sonic Foundry is the recognized market leader for rich media webcasting and knowledge management, providing education and training solutions and services that link an information-driven world. Based in Madison, Wisconsin, the company has received numerous awards including the 2007 Frost & Sullivan Global Market Leadership Award, Ziff Davis Media's Baseline Magazine's sixth fastest-growing software company with sales under $150 million and Deloitte's Technology Fast 500. Named a Bersin & Associates 2007 Learning Leader, Sonic Foundry's webcasting and knowledge management solutions are trusted by education institutions, Fortune 500 companies and government agencies for a variety of critical communication needs. Sonic Foundry is changing the way organizations communicate via the web and how people around the globe receive vital information needed for education, business, professional advancement and safety. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.

Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Sonic Foundry's products, its ability to succeed in capturing significant revenues from media services and/or systems, the effect of new competitors in its market, integration of acquired business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.

Sonic Foundry, Inc.

CONTACT: Tammy Kramer of Sonic Foundry, Inc., +1-608-237-8592,
tammyk@sonicfoundry.com

Web site: http://www.sonicfoundry.com/
http://www.colleengleason.com/

Optimum Rewards to Host Free Advance Screening of Highly Anticipated Feature Film - 'Star Wars: The Clone Wars'Film Will Screen At Eight Clearview Cinemas Locations A Day Before Its Public Release, Exclusively For Optimum Rewards Members

BETHPAGE, N.Y., Aug. 5 /PRNewswire-FirstCall/ -- Cablevision Systems Corp. today announced special free advance screenings of the new animated feature film -- "Star Wars: The Clone Wars" -- at eight Clearview Cinemas, exclusively for Optimum Rewards members. The screenings will take place at select theaters in Long Island, New Jersey, Westchester and Rockland Counties, making it possible for Optimum Rewards members and their guests to experience the film a day before its theatrical release.

Optimum Rewards is a free rewards program -- Cablevision's way of saying "Thank You" to customers who have all three Optimum Services: iO TV(R) service with Family cable and above, Optimum Online(R) and Optimum Voice(R). Customers can quickly and easily sign up for Optimum Rewards membership at http://www.optimumrewards.com/.

Optimum Rewards members can reserve up to four free tickets per household, and can receive full details on this special event, by visiting the Optimum Rewards Web site at http://www.optimumrewards.com/. Ticket reservations will be taken through the Web site starting at 1:00 p.m. on Thursday, August 7, and will be awarded on a first-come, first-served basis, while supplies last. The screenings will all occur at 7:00 p.m. on Thursday, August 14 at the following Clearview Cinemas locations:

-- Cinema 12 -- Parsippany, NJ -- Middlebrook Cinema 10 -- Ocean Township, NJ -- Ridgewood Warner Quad -- Ridgewood, NJ -- New City Cinema 6 -- New City, NY -- Mt. Kisko Cinema 5 -- Mt. Kisko, NY -- Babylon Cinema Triplex -- Babylon, NY -- Soundview Cinemas -- Port Washington, NY -- Herricks Cinema 4 -- New Hyde Park, NY

"This private screening is just one of the many benefits available exclusively to Optimum Rewards members," said Gemma Toner, Cablevision's senior vice president of marketing and business development. "We are very pleased to partner with Clearview Cinemas, Warner Bros. and Lucasfilm to make this special event possible."

Attendees of the screenings are encouraged to dress up as their favorite Star Wars character to get into the spirit of the event. There will be special surprises at each theater location, and attendees will receive a souvenir Yoda bag, in cooperation with Turner Broadcasting System, and Cartoon Network.

STAR WARS takes on a dazzling new look in the first-ever animated feature from Lucasfilm Animation -- STAR WARS: THE CLONE WARS. As the Clone Wars sweep through the galaxy, the heroic Jedi Knights struggle to maintain order and restore peace. More and more systems are falling prey to the forces of the dark side as the Galactic Republic slips further and further under the sway of the Separatists and their never-ending droid army. Anakin Skywalker and his Padawan learner Ahsoka Tano find themselves on a mission with far-reaching consequences, one that brings them face-to-face with crime lord Jabba the Hutt. But Count Dooku and his sinister agents, including the nefarious Asajj Ventress, will stop at nothing to ensure that Anakin and Ahsoka fail at their quest. Meanwhile, on the front lines of the Clone Wars, Obi-Wan Kenobi and Master Yoda lead the massive clone army in a valiant effort to resist the forces of the dark side.

Optimum Rewards provides members with an automatic bottom-of-the-bill monthly discount and, upon registration for the program, additional benefits including:

-- Discounted and free movie nights at all Clearview Cinemas -- Special ticket offers to great entertainment at Madison Square Garden and Radio City Music Hall -- Exclusive opportunities to play to win once-in-a-lifetime Unique Experiences -- Shopping discounts ABOUT CABLEVISION

Cablevision Systems Corporation is one of the nation's leading media and entertainment companies. Its cable television operations serve more than 3 million households in the New York metropolitan area. The company's advanced telecommunications offerings include its iO TV(R) digital television, Optimum Online(R) high-speed Internet, Optimum Voice(R) digital voice-over-cable, and its Optimum Lightpath integrated business communications services. Cablevision operates several successful programming businesses, including AMC, IFC, Sundance Channel and WE tv, through Rainbow Media Holdings LLC, and serves the New York area as publisher of Newsday and other niche publications through Newsday LLC. In addition to these businesses, Cablevision owns Madison Square Garden and its sports teams, the New York Knicks, Rangers and Liberty. The company also operates New York's famed Radio City Music Hall, the Beacon Theatre, and the Chicago Theatre, and owns and operates Clearview Cinemas.

Cablevision Systems Corp.

CONTACT: Jim Maiella of Cablevision Systems Corp., +1-516-803-3947

Web site: http://www.cablevision.com/
http://www.optimumrewards.com/

BluePhoenix Solutions Issues Correction to Q2 2008 Earnings Release With Respect to Non-GAAP EPS

HERZLIYA, Israel, August 5 /PRNewswire-FirstCall/ -- BluePhoenix Solutions, the leader in value-driven legacy modernization, today announced that the non-GAAP EPS for the second quarter 2008 should have been stated to be $0.13 rather than $0.14 as was reported in the earnings press release issued yesterday.

As stated by the Company CEO in the conference call held yesterday, the non-GAAP EPS should have been calculated based on the Company's share count on a fully diluted basis, and not based on the outstanding share count.

The non-GAAP EPS for the second quarter of 2008 was calculated based on the outstanding share count of 20,951 (in '000s) shares. Accordingly, based on the revised share count of 21,877 (in '000s) shares, Q2 2008 non-GAAP EPS has been revised to $0.13 as compared to $0.16 per diluted share in the year-ago period.

About BluePhoenix Solutions (http://www.bphx.com/)

BluePhoenix Solutions is a leading provider of value-driven modernization solutions for legacy information systems. BluePhoenix offerings include a comprehensive suite of tools and services from global IT asset assessment and impact analysis to automated database and application migration, rehosting, and renewal. Leveraging over 20 years of best-practice domain expertise, BluePhoenix works closely with its customers to ascertain which assets should be migrated, redeveloped, or wrapped for reuse as services or business processes, to protect and increase the value of their business applications and legacy systems with minimized risk and downtime.

SAFE HARBOR: Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. All names and trademarks are their owners' property.

Company Contact Varda Sagiv BluePhoenix Solutions +972-99526100 vsagiv@bphx.com Investor Contact Peter Seltzberg Hayden Communications +1-646-415-8972 peter@haydenir.com Financial Media Contact Jeffrey Stanlis Hayden Communications +1-602-476-1821 jeff@haydenir.com

BluePhoenix Solutions Ltd

CONTACT: Company Contact: Varda Sagiv, BluePhoenix Solutions,
+972-99526100, vsagiv@bphx.com; Investor Contact: Peter Seltzberg, Hayden
Communications, +1-646-415-8972, peter@haydenir.com; Financial Media Contact:
Jeffrey Stanlis, Hayden Communications, +1-602-476-1821, jeff@haydenir.com

TALX Unifies Tax Management Services - New Solution Underscores Unique Expertise Across Multiple Tax DisciplinesSeveral New Clients Select TALX for Tax and Unemployment Solutions

ATLANTA, Aug. 5 /PRNewswire-FirstCall/ -- TALX, provider of Equifax Workforce Solutions and a leader in human resource and payroll-related services has added several new clients to its comprehensive suite of Tax Management Services. The recently integrated TALX solution features Unemployment Cost Management, Employment Tax Services and Tax Credit and Incentives. CBS Personnel, Express and Hire Quest, LLC are among several companies who have recently contracted with the company to provide tax services.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO )

Bill Canfield, president of TALX, comments: "It is a privilege to welcome this wonderful group of well-respected and widely-recognized corporations to our suite of Tax Management Services. One of our goals in unifying our company's outstanding expertise in this area is to continue delivering optimal tax and unemployment solutions in a way that helps both new and existing clients benefit from our unique capabilities. Our national team of tax experts is informed, capable and conscientious in delivering value and identifying opportunities. I am very pleased to welcome our newest clients to TALX and we are all eager to deliver meaningful results to these companies."

Comments Lou Reavis, Vice President of Client Relations, Tax Management Services, TALX, "Our diverse client base reflects the depth and breadth of our expertise and our ability to meet specific needs and capture unique opportunities for each respective client. We are privileged to welcome new clients and keep a results-oriented focus on our existing customers."

With its full offering of tax services, TALX has strategically combined expertise in three critical tax-related areas to consult with clients on a more comprehensive approach to managing their respective tax liabilities and risk.

Unemployment Cost Management:

Provides flexible solutions for organizations of all sizes. TALX lowers unemployment costs by streamlining day-to day unemployment claims processing, conducting benefit charge recoveries, and assisting with the hearing and appeals process. Utilizing expertise and management tools critical for success, TALX partners with clients to recommend ongoing improvements to their internal processes.

Employment Tax Services:

TALX offers comprehensive consulting to manage employment tax liabilities, strengthen pay practices, and identify refund opportunities. Leveraging expertise regarding federal, state and local tax legislation, TALX advises employers in the areas of mergers, acquisitions, taxpayer advocacy, best practice and other employment tax issues.

Tax Credits and Incentives

Using a systematic approach, TALX tax professionals identify eligible federal, state and local programs to maximize financial credits and incentives aimed at reducing effective tax rates. TALX also manages the tax credit and incentive process for organizations that experience large capital investments, location expansion or employee growth.

About TALX:

TALX, provider of Equifax Workforce Solutions and a leader in human resource and payroll-related services, is based in St. Louis. TALX holds a leadership position in automated employment and income verification as well as unemployment tax management. TALX provides over 9,000 clients, including three-fourths of Fortune 500 companies, with Web-based services focused in three employment-related areas: hiring, pay reporting and compliance. Hiring services include assessments and talent acquisition, onboarding, and tax credits and incentives. Pay reporting services include electronic time tracking, paperless pay and W-2 management. Compliance services include employment and income verifications through The Work Number, unemployment tax management and I-9 management.

Equifax is a global leader in information technology and one of the largest sources of consumer and commercial data. For more information about TALX, access the TALX website at http://www.talx.com/ , or visit the Equifax website at http://www.equifax.com/ .

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Equifax

CONTACT: Pam Stevens, TALX, Provider of Equifax Workforce Solutions,
+1-314-214-7235, pstevens@talx.com

Web site: http://www.equifax.com/
http://www.talx.com/

County of Ventura Selects Anacomp for Document Conversion ServicesContract to Streamline Records Management Processes for Ventura County Assessor's Office

SAN DIEGO, Aug. 5 /PRNewswire-FirstCall/ -- Anacomp(R) Inc., a leading business process solutions company, today announced that it has been selected by the County of Ventura's Property Assessor's Office to provide electronic document scanning and conversion services. For the contract, Anacomp will scan more than four million pages of property records and associated documents into electronic files which will then be exported into the County's document management system for easy access.

The County of Ventura's Assessor's Office abides by California tax laws that designate the inventory and assessment of property for tax purposes, and offers public records of all housing tracts throughout the county available for viewing. Its property files comprise the largest segment of internal paper files maintained by the office. "With the vast volume of tract and custom property records stored in paper files, we knew we needed a reliable and secure way to capture, store and provide them electronically," said Huiling Tanouye, Deputy Assessor of the County of Ventura. "We look forward to Anacomp enabling such a beneficial solution that empowers us to turn our historical records into on-demand electronic content."

"We're pleased that the County of Ventura has turned to Anacomp; their selection is the latest among a large number of federal, state and local agencies who rely on Anacomp for the conversion and management of their crucial documents," said Tom Ullman, Anacomp's Senior Vice President of US Sales.

Anacomp's document capture services include document preparation, scanning, indexing and conversion, intelligent document recognition (IDR), advanced data extraction, multiple retrieval options, data integration and delivery into enterprise systems (e.g. ERP, ECM, A/P, etc.) for day-forward processing or for archival purposes. Anacomp's capture services allow customers to significantly accelerate their business processes, reduce operating costs, increase information quality, improve customer service and help enable regulatory compliance by decreasing reliance on cumbersome paper processes. The company captures and hosts billions of documents while meeting the most stringent security and availability requirements for enterprise and government customers across the globe. Anacomp also offers its renowned systems design, deployment, training and support of such solutions.

About Anacomp

With 40 years of experience and a passionate commitment to client services, Anacomp partners with its customers to help them realize the full potential of their business processes at the lowest total cost of ownership. Possessing one of the world's largest online document repositories as well as a large, independent field services organization, Anacomp's offerings serve hundreds of original equipment manufacturing (OEM) partners and thousands of end users in insurance, financial services, government, legal, and other markets. Anacomp is headquartered in San Diego, with international headquarters in Wokingham, UK. For more information, visit http://www.anacomp.com/ or call (800) 364-9870.

For more information: Rob Jensen Senior Director of Marketing Anacomp, Inc. (858) 716-3549 rob.jensen@anacomp.com

Anacomp is a registered trademark of Anacomp, Inc. All other trademarks or registered trademarks are the property of their respective owners

Anacomp, Inc.

CONTACT: Rob Jensen, Senior Director of Marketing of Anacomp, Inc.,
+1-858-716-3549, rob.jensen@anacomp.com

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

Mid-Market and Large Enterprises Go Live on NetSuite For ERP, CRM and Ecommerce Automation

SAN MATEO, California, August 5 /PRNewswire/ --

- NetSuite Supports Intuitive Surgical's Rapid Growth Nestle UK Builds Online Store with NetSuite Ecommerce in Six Weeks Wasserman Replaces Microsoft Dynamics-Great Plains with NetSuite For ERP and CRM

NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business management software suites, today announced the latest mid-market and large enterprise companies to go live on NetSuite after successful and on-time implementations. NetSuite's role at Intuitive Surgical, Nestle UK, and Wasserman Media Group -- three companies competing in highly diverse industries -- demonstrates the breadth of functionality that NetSuite brings to the challenge of managing complex business processes across a wide range of vertical markets while addressing real-world business needs.

(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)

For example, Intuitive Surgical, a leader in operative surgical robotics, is using NetSuite CRM to integrate and manage a number of complex business process services that they provide to hospitals across the United States. Nestlé UK used NetSuite Ecommerce to build a completely integrated online store in six weeks, under rigid requirements. Nestle UK now runs its entire online store for employees and local communities on NetSuite. Wasserman Media Group, LLC, a worldwide leader in sports marketing and content, replaced Microsoft Dynamics-Great Plains with NetSuite to run its front and back-office operations -- which are unique in the sports marketing industry -- including partner athlete commissions management, and tracking and billing direct costs to customers. For more information about NetSuite customer successes, please visit http://www.netsuite.com/customersuccess.

New Customer Implementations

The new customers announced today are the latest in a growing list of enterprises that have adopted NetSuite's on-demand suites in recent months. All three companies leveraged the expertise of NetSuite's Professional Services team to achieve successful, on-time implementations.

Intuitive Surgical, Inc. (http://www.intuitivesurgical.com) (Nasdaq: ISRG) is a publicly traded, US$600 million company that is a leader in operative surgical robotics. Intuitive Surgical selected NetSuite CRM to integrate its business process services for hundreds of hospitals nationwide. These services include tracking where and when its operative surgical systems are used, as well as which surgeons are using them. In addition, Intuitive Surgical's sales organization uses NetSuite to manage sales business processes, including tracking all new sales opportunities with surgeons and hospitals, and managing long sales cycles. NetSuite gives Intuitive Surgical access to real-time reporting, thus providing timely information about the usage of surgical systems and accessories, which is a key indicator of product success.

"We chose NetSuite CRM for several reasons," said Chris Boots, Director, Sales & Marketing Operations, Intuitive Surgical. "First and foremost, NetSuite has the deep CRM functionality we needed to set up all of our cases, customers and contacts. In addition, NetSuite Professional Services was able to create more than 100 custom fields for our specific needs. Not only did we go live in 120 days, on time and within budget, but the NetSuite team was a pleasure to work with. With NetSuite now live, we're looking forward to exploring NetSuite's deep functionality as our needs change and grow."

Nestle UK Ltd (http://www.Nestle.co.uk) is the UK-based operation of the world's nutrition, health and wellness company. The company is famous for NESCAFE and Kit Kat, but is also known in the United Kingdom for its brands of milk, cream, and pasta.

Following legislative changes, the company underwent a major reorganization of its manufacturing and distribution site in York, resulting in the loss of space for its popular staff shop. NetSuite began working with Nestle UK to develop an online store where current and former employees and selected members of the local community could log on, browse available stock, place orders and collect them later. Two of Nestle UK's more important requirements were that the online store be designed so that it would be simple and easy to use, and that it must be completed within a firm six-week deadline. NetSuite and its Professional Services team worked to customize the online store and were able to deliver exactly what Nestle UK asked for.

Wasserman Media Group, LLC (http://www.wmgllc.com) is a worldwide leader in sports marketing and content. Wasserman replaced Microsoft Dynamics-Great Plains with NetSuite to meet its unique business needs in the sports marketing industry. With NetSuite, Wasserman is managing complex business processes such as partner athlete commissions, athlete management, and tracking and billing direct costs to customers. Thanks to the simplicity of customizing NetSuite to address specific business requirements, Wasserman's accounting team can now easily access accounting and financial reports that present the company's business performance in real-time.

"Since we went live last year, we have found NetSuite to be an excellent fit for the unique needs of the sports marketing industry, and superior to what we had before," said Holly Winkler, Vice President, Accounting, Wasserman Media Group, LLC. "NetSuite makes it very easy to research transactions, compile financial results and perform simple-yet-complex tasks such as routing expense reports for approval and billing clients for direct costs. With NetSuite, we can track our accounting and financial transactions by projects, departments, and athletes and report on specific financial results in each category.

"NetSuite's customization capabilities are also superior to anything we've ever had before," Winkler continued. "We have a complex and automated commissions management system for our vendors set up in NetSuite, via the Partner Center. Lastly, we have been extremely happy with the excellent customer service provided by NetSuite's team. We envision doing even more with our NetSuite system in the future, particularly in the area of CRM."

For more information about NetSuite Inc., please visit http://www.netsuite.com.

NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.

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

NetSuite Inc.

Mei Li of NetSuite Inc., +1-650-627-1063, meili@netsuite.com /Photo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk photodesk@prnewswire.com

Mid-Market and Large Enterprises Go Live on NetSuite For ERP, CRM and Ecommerce AutomationNetSuite Supports Intuitive Surgical's Rapid Growth Nestle UK Builds Online Store with NetSuite Ecommerce in Six Weeks Wasserman Replaces Microsoft Dynamics-Great Plains with NetSuite For ERP and CRM

SAN MATEO, Calif., Aug. 5 /PRNewswire-FirstCall/ -- NetSuite Inc. , a leading vendor of on-demand, integrated business management software suites, today announced the latest mid-market and large enterprise companies to go live on NetSuite after successful and on-time implementations. NetSuite's role at Intuitive Surgical, Nestle UK, and Wasserman Media Group -- three companies competing in highly diverse industries -- demonstrates the breadth of functionality that NetSuite brings to the challenge of managing complex business processes across a wide range of vertical markets while addressing real-world business needs.

(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)

For example, Intuitive Surgical, a leader in operative surgical robotics, is using NetSuite CRM to integrate and manage a number of complex business process services that they provide to hospitals across the United States. Nestlé UK used NetSuite Ecommerce to build a completely integrated online store in six weeks, under rigid requirements. Nestle UK now runs its entire online store for employees and local communities on NetSuite. Wasserman Media Group, LLC, a worldwide leader in sports marketing and content, replaced Microsoft Dynamics-Great Plains with NetSuite to run its front and back-office operations -- which are unique in the sports marketing industry -- including partner athlete commissions management, and tracking and billing direct costs to customers. For more information about NetSuite customer successes, please visit http://www.netsuite.com/customersuccess.

New Customer Implementations

The new customers announced today are the latest in a growing list of enterprises that have adopted NetSuite's on-demand suites in recent months. All three companies leveraged the expertise of NetSuite's Professional Services team to achieve successful, on-time implementations.

Intuitive Surgical, Inc. (http://www.intuitivesurgical.com/) is a publicly traded, $600 million company that is a leader in operative surgical robotics. Intuitive Surgical selected NetSuite CRM to integrate its business process services for hundreds of hospitals nationwide. These services include tracking where and when its operative surgical systems are used, as well as which surgeons are using them. In addition, Intuitive Surgical's sales organization uses NetSuite to manage sales business processes, including tracking all new sales opportunities with surgeons and hospitals, and managing long sales cycles. NetSuite gives Intuitive Surgical access to real-time reporting, thus providing timely information about the usage of surgical systems and accessories, which is a key indicator of product success.

"We chose NetSuite CRM for several reasons," said Chris Boots, Director, Sales & Marketing Operations, Intuitive Surgical. "First and foremost, NetSuite has the deep CRM functionality we needed to set up all of our cases, customers and contacts. In addition, NetSuite Professional Services was able to create more than 100 custom fields for our specific needs. Not only did we go live in 120 days, on time and within budget, but the NetSuite team was a pleasure to work with. With NetSuite now live, we're looking forward to exploring NetSuite's deep functionality as our needs change and grow."

Nestle UK Ltd (http://www.nestle.co.uk/) is the UK-based operation of the world's nutrition, health and wellness company. The company is famous for NESCAFE and Kit Kat, but is also known in the United Kingdom for its brands of milk, cream, and pasta.

Following legislative changes, the company underwent a major reorganization of its manufacturing and distribution site in York, resulting in the loss of space for its popular staff shop. NetSuite began working with Nestle UK to develop an online store where current and former employees and selected members of the local community could log on, browse available stock, place orders and collect them later. Two of Nestle UK's more important requirements were that the online store be designed so that it would be simple and easy to use, and that it must be completed within a firm six-week deadline. NetSuite and its Professional Services team worked to customize the online store and were able to deliver exactly what Nestle UK asked for.

Wasserman Media Group, LLC (http://www.wmgllc.com/) is a worldwide leader in sports marketing and content. Wasserman replaced Microsoft Dynamics-Great Plains with NetSuite to meet its unique business needs in the sports marketing industry. With NetSuite, Wasserman is managing complex business processes such as partner athlete commissions, athlete management, and tracking and billing direct costs to customers. Thanks to the simplicity of customizing NetSuite to address specific business requirements, Wasserman's accounting team can now easily access accounting and financial reports that present the company's business performance in real-time.

"Since we went live last year, we have found NetSuite to be an excellent fit for the unique needs of the sports marketing industry, and superior to what we had before," said Holly Winkler, Vice President, Accounting, Wasserman Media Group, LLC. "NetSuite makes it very easy to research transactions, compile financial results and perform simple-yet-complex tasks such as routing expense reports for approval and billing clients for direct costs. With NetSuite, we can track our accounting and financial transactions by projects, departments, and athletes and report on specific financial results in each category.

"NetSuite's customization capabilities are also superior to anything we've ever had before," Winkler continued. "We have a complex and automated commissions management system for our vendors set up in NetSuite, via the Partner Center. Lastly, we have been extremely happy with the excellent customer service provided by NetSuite's team. We envision doing even more with our NetSuite system in the future, particularly in the area of CRM."

For more information about NetSuite Inc., please visit http://www.netsuite.com/.

NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.

Photo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com NetSuite Inc.

CONTACT: Mei Li of NetSuite Inc., +1-650-627-1063, meili@netsuite.com

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

Universal Travel Group Announces Second Quarter 2008 Results Conference Call

SHENZHEN, China, Aug. 5 /Xinhua-PRNewswire-FirstCall/ -- Universal Travel Group Inc. (BULLETIN BOARD: UTVG) (''Universal Travel Group'' or the ''Company''), a fast growing travel services provider in China specializing in online and customer representative services to the travel service industry offering packaged tours, air ticketing, hotel reservation and air cargo agency services, today announced that the Company will conduct a conference call at 9:00 a.m. Eastern Daylight Time on Thursday, August 7, 2008 to discuss the second quarter of 2008 financial results.

To participate in the live conference call, please dial the following number approximately 15 minutes prior to the scheduled conference call time: 888-482-0024. International callers should dial 617-801-9702. When prompted by the operator, please mention Conference Passcode 780 636 61.

If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Thursday, August 7 at 10:00 a.m. Eastern Daylight Time. To access the replay, please dial 888-286-8010 and enter the passcode 12881388. International callers should dial 617-801-6888 and enter the same passcode 12881388.

About Universal Travel Group Inc.

Universal Travel Group, a fast growing travel services provider in China, is engaged in providing reservation, booking, and domestic and international travel and tourism services throughout China via the internet and through customer representatives. Under the theme "Wings towards a more colorful life" the Company's core services include tour packaging for customers, booking services for air tickets and hotels as well as air cargo transportation. In 2007, Universal Travel Group completed the acquisitions of Speedy Dragon, specializing in air cargo transportation; Xi'an Golden Net, specializing in travel packaged tours; Shanghai LanBao, specializing in hotel reservation and Foshan Overseas International, a China-based company that handles domestic and international travel inquiries. Universal Travel's goal is to become China's leading travel services provider in all fields of the tourism industry including the aviation, cargo, hotel booking and tour packaging segments. For more information, visit http://us.cnutg.com/ .

For more information, please contact: Investor Relations Contact: Crocker Coulson, President CCG Investor Relations Email: crocker.coulson@ccgir.com Web: http://www.ccgir.com/ Company Contact: Jing Xie Secretary of Board & Vice President Universal Travel Group Inc. Tel: +86-755-8366-8489 Email: 06@cnutg.cn

Universal Travel Group Inc.

CONTACT: Jing Xie, Secretary of Board & Vice President, Universal Travel
Group Inc. at +86-755-8366-8489 or 06@cnutg.cn; or Investor Relations Contact:
Crocker Coulson, President, CCG Investor Relations at
crocker.coulson@ccgir.com

Web site: http://www.ccgir.com/
http://us.cnutg.com/

Who? What? When? AT&T Customers Can Ask WHERESingle Link to More Than 40 Location-Based Services Via WHERE Are Available on AT&T Handsets

DALLAS and BOSTON, Aug. 5 /PRNewswire-FirstCall/ -- Call it a pocket concierge. AT&T wireless customers can use their GPS-enabled handsets to find the cheapest gas, snag tickets to local concerts or even get the skinny on the best sushi in a city by downloading or accessing a single mobile application -- WHERE(TM), AT&T Inc. and uLocate announced today. A version is also available for devices not equipped with GPS.

WHERE is an application and platform offered by uLocate Communications that seamlessly links users to a library of more than 40 location-based applications. The applications are developed by third parties through the WHERE Developer Program, and they provide AT&T customers with a new level of personalization for their mobile experience through location-driven information, entertainment and communication. With more than 40 revolutionary GPS applications and services, WHERE is redefining how mobile users interact with the world around them.

"We know our customers want choice and the ability to personalize when it comes to location-based services, and WHERE hits the mark," said Mark Collins, vice president, Consumer Products, AT&T Mobility. "It's a great addition to our portfolio in this category, and as uLocate continues to add new location-based applications to WHERE, our customers will have access to an even broader menu."

The GPS applications available to AT&T customers through WHERE include such well-known services as:

-- Yelp -- Get reviews for everything local, including restaurants, shopping, night life, events, salon and more, in your area. -- StubHub -- Fans can buy and sell tickets for sports, concerts or Broadway shows at the largest ticket marketplace in the world. -- GasBuddy -- Easily find the cheapest gas prices in your city. -- Skymap -- Conveniently explore the current sky from your location. -- Pubwalk -- Find local pubs, bars and late-night eating to let you plan a night out with your friends. -- Quibblo -- A location-aware quiz application that enables users to take polls and surveys. -- Eventful -- Discover, promote and share local events with Eventful. From art to music, sports and food, consumers can find everything that is happening nearby. -- Buddy Beacon -- Users connect and find friends through shared location information. -- AT&T Store Locator -- Locate the AT&T stores closest to you as well as find out which stores carry the latest exclusive handsets.

"We are focused on listening to consumers and delivering the new experiences they seek," said Walt Doyle, CEO of uLocate Communications. "WHERE is the most successful application and platform in North America, and we are thrilled to team up with AT&T to bring this to market."

AT&T subscribers can start using WHERE by visiting http://www.where.com/att.

About WHERE(TM)

WHERE, a service of uLocate Communications, connects consumers with people, places and things through the power of location. Whether finding friends in a crowded city, locating the lowest gas prices, satisfying a craving for a latte or scoring tickets to a local show, it's all about navigating your world. WHERE lets consumers personalize their mobile experience while exploring and sharing interests with friends. Whatever your pursuits, WHERE delivers the best in local information from Eventful, Yelp, GasBuddy, Zipcar, Starbucks, Buddy Beacon(R) and more. For more information, please visit http://www.where.com/. WHERE is a registered trademark of uLocate Communications, Inc.

About AT&T

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

(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

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

AT&T Inc.

CONTACT: Heather Buffington of AT&T Inc., +1-404-236-6152,
Heather.Buffington@att.com; or Emily Trevallion, +1-978-474-1900,
where@pancomm.com, for uLocate

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

Zix Corporation Wins Network Products Guide Reader Trust Award for Best in Secure EmailZixVPM 3.3 Selected a 2008 Best Products and Services Winner

DALLAS, Aug. 5 /PRNewswire-FirstCall/ -- Zix Corporation (ZixCorp(R)), , the leader in hosted services for email encryption and e-prescribing, announced today that Network Products Guide, a Silicon Valley Communications publication and a world leading publication on technologies and solutions has named ZixVPM 3.3 a winner of the 2008 Best Products and Services Award. This respected annual award honors products and services that represent the rapidly changing needs and interests of the end-users of technology worldwide. As part of the tech-industry's leading global awards program, this year's Best Products and Services were nominated from all over the world.

The ZixVPM 3.3 component includes a new encryption capability that supports FIPS 140-2 encryption between ZixVPM gateways. The new encryption capability uses S/MIME with a FIPS certified cryptographic module implemented as part of ZixCorp's Best Method of Delivery, which supports five encrypted email delivery mechanisms, including S/MIME, TLS, OpenPGP, secure portal and "push" delivery.

The FIPS requirement established by the U.S. government ensures that encryption technology meets certain requirements within government agencies, assuring both security of those messages and interoperability. FIPS Publication 140-2, Security Requirements for Cryptographic Modules, is a U.S. security standard used to certify cryptographic modules as a prerequisite for use of email encryption by government agencies.

"Increased end-user awareness and ongoing advances in technology are helping shape better products and services," says Rake Narang, editor-n-chief, Network Products Guide. "ZixVPM 3.3 is bringing improvements in highly scalable, easy-to-use email encryption services.

"These awards go to the best technology products every year and we are honored that ZixCorp's ZixVPM 3.3 has gained the Network Products Guide Reader Trust," said Nigel Johnson, Vice President of Product Management and Business Development for ZixCorp. "We are committed to meeting our customer needs by providing them with the best products and services that are flexible and easy-to-use."

About Network Products Guide Awards

Network Products Guide, published from the heart of Silicon Valley, is a leading provider of products, technologies and vendor related research and analysis. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit http://www.networkproductsguide.com/

About Zix Corporation

ZixCorp is the leading provider of easy-to-use-and-deploy email encryption and e-prescribing services that Connect entities with their customers and partners to Protect and Deliver sensitive information in the healthcare, finance, insurance and government industries. ZixCorp's hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript(R) e-prescribing service saves lives and saves money by automating the prescription process between payors, doctors and pharmacies. For more information, visit http://www.zixcorp.com/.

Zix Corporation

CONTACT: Public Relations, Farrah Corley, +1-214-370-2175,
fcorley@zixcorp.com, or Investor Relations, Peter Wilensky, +1-214-515-7357,
invest@zixcorp.com, both of Zix Corporation

Web site: http://www.zixcorp.com/
http://www.networkproductsguide.com/

Sikorsky H-53 Helicopter, After Many Combat Search and Rescue (CSAR) and Other Missions, Inducted into United States Air Force National Museum

STRATFORD, Conn., Aug. 5 /PRNewswire-FirstCall/ -- A battle-proven and time-tested Sikorsky Aircraft H-53 helicopter that accomplished Combat Search and Rescue (CSAR) and other demanding missions during the past several decades has been inducted into the National Museum of the United States Air Force in Dayton, Ohio. Sikorsky Aircraft is a subsidiary of United Technologies Corp. .

(Logo: http://www.newscom.com/cgi-bin/prnh/20060403/SIKORSKYLOGO )

"Sikorsky Aircraft has the longest and most successful record of any helicopter company in history when it comes to combat search and rescue, starting in 1944 with the R-4 aircraft and continuing with the H-53 family," said Mike Farage, Director of Air Force Programs for Sikorsky Aircraft. "We are proud that the Air Force has recognized this legacy with the induction of this aircraft."

The CH-53 and its variants, the HH-53 Jolly Green Giant and the MH-53 PAVE LOW, came into service in 1967 and since then have served in some of the toughest missions. In addition to combat search and rescue, these missions include armed assault, heavy-lift and troop transport. Sikorsky is currently developing the next generation heavy-lift, the CH-53K, for the U.S. Marine Corps, and also has introduced the H-92(TM) helicopter, which is currently competing for the U.S. Air Force's Combat Search and Rescue platform. "The H- 92 helicopter is the culmination of all we've learned about combat search and rescue technology since World War II, which comprises an immense amount of knowledge and experience," said John Pacelli, Vice President and Business Acquisition Manager for CSAR-X.

During the July 7 induction ceremony, Lt. Gen. Donny Wurster, Commander of the Air Force Special Operations Command and former MH-53 pilot, said, "The H-53 fleet has logged countless combat hours, flown in every contingency in the last 40 years and met the needs of national objectives time and time again."

He added, "The machines have seen a couple of generations of these people come and go, and always they remain ... the enduring posture to respond to the nation's call when needed."

The H-53 fleet has flown on 13 missions that earned the Air Force Cross, the second-highest military decoration awarded to a member of the Air Force, and on missions that resulted in the presentation of 140 Silver Star awards, the third-highest military decoration awarded to a member of any branch of the U.S. armed forces.

"The distinguished record of the fleet is a testament to the people behind the aircraft -- the designers and engineers who developed the proven and reliable technology, the people who worked the line constructing the fleet, and the crews who have maintained it," Farage said.

The H-53 and its variants were used extensively during the last four decades to perform special operations and rescue of combat personnel. From the recovery of prisoners of war and downed airmen during the Vietnam War to the daring missions performed during Operation Desert Storm, including the first successful combat rescue of a downed pilot, the aircraft have repeatedly proven their capability.

The representative aircraft inducted into the U.S. Air Force Museum was known for its ability to sustain damage and keep flying. It served as the command and control helicopter in the rescue attempt of American prisoners from the Son Tay prison camp in North Vietnam in 1970. For the mission, the crew received an Air Force Cross and four Silver Star decorations.

The aircraft, tail number 68-10357, operated for 38 years, often surmounting great odds to bring its crews home safely. It completed its final mission on March 28, 2008, in Iraq. The remaining MH-53s will retire by Sept. 30.

"Even with the retirement of aircraft 68-10357 and the remaining Air Force contingent of CH-53 helicopters, more than 360 H-53 variants will remain flying, still proudly serving the U.S. Navy and Marine Corps, as well as the armed forces of Germany, Japan, and Israel," said Mark Cherry, Vice President, Marine Corps Programs for Sikorsky. "And we are proud of the fact that we are writing the next chapter in the legacy of the CH-53 platform, the CH-53K helicopter."

Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. The company's long commitment to safety and innovation is reflected in its mission statement: "We pioneer flight solutions that bring people home everywhere... every time(TM)." United Technologies Corp., based in Hartford, Conn., provides a broad range of high- technology products and support services to the aerospace and building systems industries.

Photo: NewsCom:http://www.newscom.com/cgi-bin/prnh/20060403/SIKORSKYLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Sikorsky Aircraft Corp.

CONTACT: Paul Jackson, +1-203-386-7143, Paul.Jackson@sikorsky.com, or
Michele Castle, +1-203-383-7516, Michele.Castle@sikorsky.com, both of Sikorsky
Aircraft Corp.

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

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