Video: PNC's Virtual Wallet(SM) Takes Online Banking to the Next LevelOnline Money Management Solution Built with and for Gen Y Makes it Easy to Save, Helps to Manage Spending and to Avoid Fees

PITTSBURGH, Aug. 5 /PRNewswire-FirstCall/ -- PNC Bank, a member of The PNC Financial Services, Group, Inc. has introduced Virtual Wallet(SM) as a comprehensive money management and online banking solution for the next generation of banking customers, Generation Y. Virtual Wallet provides on-demand access to manage spending and saving in real time.

To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/pnc/34328/

"We believe this new solution is the most interactive offering on the market today that will empower tech-savvy, Generation Y consumers with an unprecedented high-def view, and control, of their money," said Joseph Guyaux, PNC's president and head of Retail Banking.

The development of Virtual Wallet was based on the money mindset and financial lifestyle of Gen Y, making it easy and visual to help them plan and save. More than 25 Virtual Wallet functions and features are patent pending.

Virtual Wallet Features:

-- Calendar: interactive, 360 degree view of the account by day, week or month; lets individuals create bill reminders, check balances, see past activities and future payments, mark paydays; the automatic "Danger Days" indicator warns of any potential overdraw of the account to help avoid fees and to eliminate worry.

-- Money Bar: a convenient slider tool to move money in real-time between Spend, Reserve and Growth accounts; view "free" balances - funds available before next payday.

-- Savings Engine: makes it easy and fun to save; create a wish list and transfer money via predetermined set amounts or using a fun, customizable widget called "Punch the Pig" to click and transfer cash into a high-yield savings account.

-- Three Accounts In One: a Spend account for every day banking; a Reserve account for short-term savings and overdraft protection; and a high-yield Growth account; no monthly service charge or minimum balance; free overdraft protection; free online banking and bill payment; and free use of PNC's 3,900 ATMs.

To accommodate Generation Y, Virtual Wallet by PNC can easily be opened online at http://www.pncvirtualwallet.com/ , over the phone or in any PNC branch.

"Generation Y is a segment of 'firsts' - first car, first home, first child and getting married," said Guyaux. "Virtual Wallet helps this generation accomplish their goals, keeping in mind they are also the first generation to grow up with the Internet."

An online media kit containing background information, images and video is available on PNC's website at http://www.pnc.com/go/presskits . Media can access broadcast quality video for editorial use, free of charge.

The PNC Financial Services Group, Inc. (http://www.pnc.com/) is one of the nation's largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.

Video: http://www.prnewswire.com/mnr/pnc/34328 PNC Financial Services

CONTACT: Patrick McMahon, +1-412-762-2477, patrick.mcmahon@pnc.com, or
Gina Villiotti, +1-412-762-0539, gina.villiotti@pnc.com, both of PNC Financial
Services

Web site: http://www.pnc.com/
http://www.pncvirtualwallet.com/
http://www.pnc.com/go/presskits

Company News On-Call: http://www.prnewswire.com/comp/701257.html

Broadridge Financial Solutions, Inc. Announces Tender Offer for up to $75 Million Aggregate Principal Amount of its 6.125% Senior Notes Due 2017

LAKE SUCCESS, N.Y., Aug. 5 /PRNewswire-FirstCall/ -- Broadridge Financial Solutions, Inc. announced that it has commenced today a cash tender offer to purchase up to $75 million aggregate principal amount of its 6.125% Senior Notes due 2017.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080805/NYTU070LOGO )

The offer will expire at midnight, New York City time, on Tuesday, September 2, 2008 (as the same may be extended or earlier terminated, the "Expiration Time"). Holders who validly tender their notes at or prior to 5:00 p.m. New York City time on Monday, August 18, 2008 (as the same may be extended or earlier terminated, the "Early Tender Deadline"), will be eligible to receive total consideration which includes the early tender premium. Holders who validly tender their notes after the Early Tender Deadline and at or prior to the Expiration Time will be eligible to receive only the tender offer consideration, namely the total consideration less the early tender premium.

The total consideration for each $1,000 principal amount of notes accepted for payment is $915. The total consideration includes the early tender premium of $30 in cash per $1,000 principal amount of notes and is payable for notes purchased in the offer that are validly tendered and not validly withdrawn at or prior to the Early Tender Deadline. Holders whose notes are accepted for payment but who validly tendered and did not validly withdraw such notes after the Early Tender Deadline, and at or prior to the Expiration Time, will only be eligible to receive the tender offer consideration of $885 per $1,000 principal amount of notes accepted for payment pursuant to the offer. In addition, holders whose notes are purchased will receive accrued and unpaid interest from the last interest payment date to, but not including, the payment date.

In the event that the principal amount of notes validly tendered and not validly withdrawn prior to the expiration time of the offer exceeds the maximum tender amount of $75 million, the notes will be accepted for payment on a pro rata basis based on the total principal amount of notes tendered. The company reserves the right to increase or waive the maximum tender amount in its sole discretion without extending or reinstating withdrawal rights of holders of the notes.

The offer is not contingent upon the tender of any minimum principal amount of notes or on obtaining financing, but the offer is conditioned upon the satisfaction of certain conditions. The company intends to finance the purchase of the notes pursuant to the offer from available cash. Full details of the terms and conditions of the offer are included in the company's Offer to Purchase dated August 5, 2008, and the related letter of transmittal.

J.P. Morgan Securities Inc. will serve as Dealer Manager for the offer. Persons with questions regarding the offer should contact J.P. Morgan Securities Inc., toll-free at 866-834-4666. Requests for documents may be directed to Global Bondholder Services Corporation, the Information Agent, at 212-430-3774 or 866-937-2200.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the notes or any other security. The offer is made only by the Offer to Purchase dated August 5, 2008, and the related letter of transmittal. The offer is not being made to noteholders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the offer is required to be made by a licensed broker or dealer, it shall be deemed to be made by the Dealer Manager on behalf of the company.

Forward-Looking Statements

This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "forward-looking statements." Statements that are not historical in nature, and which may be identified by the use of words like "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be" and other words of similar meaning, are forward-looking statements. These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2007 (the "2007 Annual Report"). Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2007 Annual Report. These risks include: Broadridge's success in retaining and selling additional services to its existing clients and obtaining new clients; the pricing of Broadridge's products and services; changes in laws affecting the investor communication services provided by Broadridge; changes in laws regulating registered clearing agencies and broker-dealers; declines in trading volume, market prices, liquidity of securities markets or proprietary trading activity; Broadridge's ability to continue to obtain data center services from its former parent company, Automatic Data Processing, Inc. ("ADP"); Broadridge's debt levels and financing costs, including the impact of its credit ratings on such costs; the ability of Broadridge to develop brand recognition and its reputation with its clients and employees following its separation from ADP in March 2007; the incurrence of additional costs attributable to Broadridge's operations as a stand-alone public company; changes in technology; availability of skilled technical employees; the impact of new acquisitions and divestitures; competitive conditions; overall market and economic conditions; and, should any risks or uncertainties develop into actual events, these developments could delay or cause the cancellation of the tender offer. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

About Broadridge

Broadridge Financial Solutions, Inc., with over $2.0 billion in revenues in fiscal year 2007 and more than 40 years of experience, is a leading global provider of technology-based outsourcing solutions to the financial services industry. Our systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Our systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities. For more information about Broadridge, please visit http://www.broadridge.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080805/NYTU070LOGO
PRN Photo Desk, photodesk@prnewswire.com Broadridge Financial Solutions, Inc.

CONTACT: Marvin Sims, Vice President of Investor Relations, Broadridge
Financial Solutions, Inc., +1-516-472-5477

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

Lionbridge Announces Q2 2008 Results with Record Revenue of $125.5 Million and GAAP EPS of $0.02$0.10 Per Share Sequential Quarter Improvement and $10.8 Million of Cash Flow from Operations Indicate Strong Momentum for Second Half

WALTHAM, Mass., Aug. 5 /PRNewswire-FirstCall/ -- Lionbridge Technologies, Inc. today announced financial results for the second quarter ended June 30, 2008.

Financial highlights for the second quarter include:

-- Record revenue of $125.5 million, an increase of 9.5% compared to the second quarter of 2007 and a sequential increase of 7.2% compared to the first quarter of 2008.

-- GAAP net income of $908,000 or $0.02 per share based on 56.5 million weighted average fully diluted shares outstanding. This compares to GAAP net income of $187,000 or $0.00 per share in the second quarter of 2007. Sequential quarter GAAP net income increased by $5.3 million or $0.10 per share compared to the $4.4 million loss or ($0.08) per share in the first quarter of 2008.

-- Non-GAAP cash earnings of $4.8 million or $0.08 per share, an increase of $5.3 million or $0.09 per share compared to the first quarter of 2008. The Company defines non-GAAP cash earnings as net income excluding merger, restructuring and related costs, stock-based compensation, amortization of acquisition-related intangible assets and unusual, one-time charges. Please see the section of this release entitled "Non-GAAP Financial Measures" and the attached table for details and reconciliations of this measure to the comparable GAAP measure.

-- Cash flow from operations of $10.8 million. Lionbridge repaid $3.0 million of its long term debt during the quarter. During the quarter, the Company also acquired 800,000 shares of its common stock for $2.0 million.

-- An ending cash balance of $28.8 million, an increase of $2.8 million from the prior quarter.

"Organic revenue growth is beginning to return and many of our recent cost management initiatives are taking effect. The sequential quarter improvements in revenue, gross margin and earnings suggest that we are offsetting many of the currency-exposed components of our income statement and repositioning our production programs to our advantage," said Rory Cowan, CEO, Lionbridge. "These achievements, combined with strong cash flows and a solid pipeline of business, give us confidence in our ability to deliver solid revenue growth and to further accelerate earnings and cash flow in the second half of 2008."

The Company provided its revenue outlook for the third quarter of 2008 with estimated revenue of $118.0 to $122.0 million. For the full year 2008, the Company reiterated that it expects to achieve the high end of its previously provided guidance of 6-10% year-on-year revenue growth.

The Company will host a conference call today at 9:00 am ET regarding the content of this release as well as the Company's overall outlook going forward and other matters. The conference call will be carried live on the Internet. Instructions for listening to the call over the Internet are available on the Investor's page of the Lionbridge web site at http://www.lionbridge.com/webcast/aug5/ . A replay will be available at this location for one week.

About Lionbridge

Lionbridge Technologies, Inc. is a provider of globalization and offshoring services. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client's product and content lifecycle - from development to globalization, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com/

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including expected financial performance and expected revenue, earnings and cash flow growth of Lionbridge in the second half of 2008; anticipated customer demand, and the expected impact of currency management initiatives. These statements are not historical facts, but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Lionbridge's actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Subsequent information or events may lead to material differences between the financial results described in this Press Release and the financial results described in the Company's Quarterly Report on Form 10-Q for the second fiscal quarter of 2008. Those differences may be adverse. Factors that might cause such a difference include the loss of a major client or customer; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients; the ability of Lionbridge to realize the expected benefits of its systems deployment initiatives and the timing of the realization of such benefits; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company's ability to successfully manage this exposure through hedge instruments and other strategies; the portion of the Company's service engagements that are subject to the impact of foreign currency fluctuations; degradation in the Company's market value during the year such that it falls below the Company's book value and may result in a material impairment to goodwill; Lionbridge's ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; political, economic and business fluctuations as well as risks of additional downturns in conditions generally, and in the information technology and software industries specifically, and risks associated with competition; Lionbridge's ability to forecast revenue, profitability, technology adoption, customer demand and operating results; Lionbridge's ability to attract and retain highly skilled resources to meet customer demands; Lionbridge's ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; Lionbridge's ability to resolve taxation questions regarding acquired businesses; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; the Company's dependence on clients' product releases, production schedules and procurement strategies to generate revenues; the timing and speed of customer and user acceptance of Lionbridge's language technology; the impact of competing language technology on the Company's existing customer relationships and ability to secure new customers; customer delays or postponements of services; the ability of the Company's Freeway or Logoport offerings to keep pace with technological changes or changing customer needs; Lionbridge's ability to further develop and deploy Logoport; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; costs associated with restructuring of certain operations in Europe and other locations, the timing of any anticipated benefits and the ability to realize such benefits; changes in customer procurement strategies; risks associated with management of growth and Lionbridge being held liable for defects or errors in its service offerings. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company's most recent Annual Report on Form 10-K and subsequent filings with the SEC (copies of which may be accessed through the SEC's website at http://www.sec.gov/).

Contact: Sara Buda Lionbridge Technologies (781) 434-6190 sara.buda@lionbridge.com LIONBRIDGE TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (Amounts in thousands, except per share data) Three Months Six Months Ended Ended June 30, June 30, 2008 2007 2008 2007 Revenue $125,475 $114,591 $242,523 $223,207 Operating expenses: Cost of revenue (excluding depreciation and amortization shown separately below) 85,921 74,806 166,796 147,024 Sales and marketing 8,903 8,571 17,720 16,522 General and administrative 22,807 21,319 45,982 41,901 Research and development 1,337 785 2,449 1,502 Depreciation and amortization 1,272 1,324 2,411 2,618 Amortization of acquisition-related intangible assets 2,113 2,113 4,226 4,227 Merger, restructuring and other charges 221 972 427 1,250 Total operating expenses 122,574 109,890 240,011 215,044 Income from operations 2,901 4,701 2,512 8,163 Interest expense: Interest on outstanding debt 971 1,388 2,093 2,806 Amortization of deferred financing costs and discount on debt 45 49 89 95 Interest income 102 119 249 325 Other expense, net 478 598 2,889 1,089 Income (loss) before income taxes 1,509 2,785 (2,310) 4,498 Provision for income taxes 601 2,598 1,217 4,079 Net income (loss) $908 $187 $(3,527) $419 Net income (loss) per share of common stock: Basic $0.02 $0.00 $(0.06) $0.01 Diluted $0.02 $0.00 $(0.06) $0.01 Weighted average number of common shares outstanding: Basic 55,915 59,540 56,028 59,432 Diluted 56,486 60,929 56,028 60,822 LIONBRIDGE TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Amounts in thousands) June 30, December 31, 2008 2007 ASSETS Current assets: Cash and cash equivalents $28,804 $32,248 Accounts receivable, net of allowances of $685 and $689 at June 30, 2008 and December 31, 2007, respectively 82,310 83,611 Work in process 26,440 23,335 Other current assets 13,831 12,329 Total current assets 151,385 151,523 Property and equipment, net 16,744 13,449 Goodwill 130,770 131,213 Other intangible assets, net 24,215 28,441 Other assets 7,912 8,437 Total assets $331,026 $333,063 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and current portion of long-term debt $219 $304 Accounts payable 21,385 20,217 Accrued compensation and benefits 22,915 21,164 Other accrued expenses and current liabilities 27,898 29,364 Deferred revenue 11,235 16,014 Total current liabilities 83,652 87,063 Long-term debt, less current portion 68,786 71,751 Deferred income taxes, long-term 7,741 7,504 Other long-term liabilities 11,325 10,591 Total stockholders' equity 159,522 156,154 Total liabilities and stockholders' equity $331,026 $333,063 Reconciliation of GAAP Net Income to Cash EPS Comparison to Q1 2008 (UNAUDITED) Three Months Ended June 30, March 31, 2008 2008 Net income (loss) $908 ($4,435) Amortization of acquisition-related intangible assets 2,113 2,113 Merger, restructuring and other charges 221 206 Stock-based compensation 1,526 1,603 Cash earnings $4,768 ($513) Fully diluted weighted average number of common shares outstanding 56,486 56,147 Adjusted EPS $0.08 ($0.01)

Lionbridge Technologies, Inc.

CONTACT: Sara Buda of Lionbridge Technologies, +1-781-434-6190,
sara.buda@lionbridge.com

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

Layered Security, Enabling Business - Entrust Deploys Range of Solutions for BNSF RailwaySolutions enable BNSF to drive efficiencies and comply with government mandates

DALLAS, Aug. 5 /PRNewswire-FirstCall/ -- In 2002, BNSF Railway Company looked to Entrust, Inc. to provide its public key infrastructure (PKI) to help secure communication and authenticate users. Today, Entrust's PKI has been extended as the foundation of a full layered security model to enable employee authentication, secure messaging, device authentication, secure file and folder capabilities and hard-disk encryption.

"While our initial needs were authentication driven, we anticipated that our Entrust PKI would evolve with our business needs to help secure additional business applications. Now, that same infrastructure has evolved into the foundation of our information-security practice," said Richard Perry, BNSF's Director of Security, Compliance and Continuity. "Particularly when administered via a lifecycle management platform, PKI, coupled with a secure e-mail solution, provides us the ability to secure many different aspects of our organization. From logical access, user and machine authentication to secure e-mail, this new multi-solution approach provides the security we need without hindering efficiency or productivity."

At the core of the deployment, Entrust Authority PKI serves as a flexible, scalable solution for the authentication of users and devices, as well as for encryption and digital signatures. Entrust Entelligence Messaging Server's secure e-mail capabilities not only enable encrypted communication with internal departments, but also specific government agencies.

"BNSF's use of PKI, coupled with complementary solutions, is a prime example of how a layered security model can be leveraged to create synergy, secure communication and enable efficiency," said Entrust Chairman, President and Chief Executive Officer Bill Conner. "Entrust values its relationship with BNSF and the opportunity to collaborate with them on the development of a comprehensive, interoperable security infrastructure."

Entrust Authority Security Manager, the world's leading PKI, is designed to manage the digital keys and certificates that make up the digital identities required to transparently automate all security-related processes in an organization. As the organization's Certification Authority (CA) system, Entrust Authority Security Manager software enables the use of digital signature, digital receipt, encryption and permissions management services across a wide variety of applications and solutions.

A subsidiary of Burlington Northern Santa Fe Corporation , BNSF Railway Company operates one of the largest North American rail networks, with about 32,000 route miles in 28 states and two Canadian provinces. BNSF is among the world's top transporters of intermodal traffic, moves more grain than any other American railroad, carries the components of many of the products we depend on daily, and hauls enough low-sulfur coal to generate about ten percent of the electricity produced in the United States. BNSF is an industry leader in Web-enabling a variety of customer transactions at http://www.bnsf.com/.

About Entrust

Entrust secures digital identities and information for consumers, enterprises and governments in more than 1,700 organizations spanning 60 countries. Leveraging a layered security approach to address growing risks, Entrust solutions help secure the most common digital identity and information protection pain points in an organization. These include SSL, authentication, fraud detection, shared data protection and e-mail security. For information, call 888-690-2424, e-mail entrust@entrust.com or visit http://www.entrust.com/.

Entrust is a registered trademark of Entrust, Inc. in the United States and certain other countries. In Canada, Entrust is a registered trademark of Entrust Limited. All Entrust product names are trademarks or registered trademarks of Entrust, Inc. or Entrust Limited. All other company and product names are trademarks or registered trademarks of their respective owners.

Photo: http://www.newscom.com/cgi-bin/prnh/20060720/NYTH074LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Entrust, Inc.

CONTACT: Brooke Hamilton, Media Relations of Entrust, Inc.,
+1-972-713-5915, brooke.hamilton@entrust.com

Web site: http://www.entrust.com/
http://www.bnsf.com/

Ingram Micro Launches Service Identifying Green Computer ProductsEPEAT ratings system enables resellers to easily identify environmentally preferable desktop computers, notebooks and monitors

SANTA ANA, Calif., Aug. 5 /PRNewswire/ -- Ingram Micro Inc. , the world's largest technology distributor has launched a service to help resellers easily identify "green" electronic products. EPEAT(TM) (Electronic Product Environmental Assessment Tool) managed by the nonprofit Green Electronics Council, is an environmental rating system that evaluates desktop computers, notebooks and monitors based on 51 environmental performance criteria.

Ingram Micro North America's product database now includes EPEAT ratings information -- rankings of Bronze, Silver or Gold -- along with other product data to enable resellers to easily identify environmentally preferable computer products.

Commented Bob Laclede, vice president & general manager for government sales at Ingram Micro, "Federal government agencies are requiring EPEAT registered products to ensure their electronics purchases are compliant. By having these designations in our product database, Ingram Micro is providing the green information needed for our resellers to include on bids for government contracts. It also assists others in identifying environmentally friendly products for their end users."

EPEAT registered computers and monitors must meet 23 required environmental performance criteria, and are ranked as Bronze, Silver or Gold according to the percentage of 28 optional criteria they meet. Required criteria include Energy Star's energy efficiency specifications to consume less energy, and a system for recycling at end of life.

"We are very excited that a distributor of Ingram Micro's size and scope has become the first distributor to partner with EPEAT. Their leadership will help resellers respond to purchaser demand for Green IT options, expand the Green IT market, and provide end users with an easy way to determine at point of purchase which products are environmentally preferable," said Jeff Omelchuck, executive director for the Green Electronics Council and EPEAT program manager.

About EPEAT

The EPEAT (Electronic Product Environmental Assessment Tool) program evaluates computer desktops, laptops, and monitors based on 51 environmental criteria. The system was developed through a comprehensive stakeholder process underwritten by US EPA that included environmental advocates, manufacturers, government and private purchasers, electronics recyclers and academics. The EPEAT standard is ANSI approved and was formally adopted in 2006 as Standard 1680 of the Institute of Electrical and Electronic Engineers (IEEE). For full details on the EPEAT criteria, a searchable database of EPEAT registered products, and lists of participating manufacturers and purchasers using EPEAT, visit the EPEAT website at http://www.epeat.net/.

About Green Electronics Council

The Green Electronics Council partners with environmental organizations, government agencies, manufacturers and other interested stakeholders to improve the environmental and social performance of electronic products. In April 2006, it received a grant from the U.S. Environmental Protection Agency to promote and implement the EPEAT green computer system. Additional information on GEC is available at http://www.greenelectronicscouncil.org/.

About Ingram Micro

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

Ingram Micro Inc.

CONTACT: Marie Connell of Ingram Micro Inc., +1-714-382-2009,
marie.connell@ingrammicro.com; or Marie Meoli of WhiteFox Marketing &
Communications, +1-714-680-0335, marie.meoli@whitefoxpr.com, for Ingram Micro
Inc.

Web site: http://www.ingrammicro.com/
http://www.epeat.net/
http://www.greenelectronicscouncil.org/

ACS Awarded eRecording Contract for Cooperative of California Counties

DALLAS, Aug. 5 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. , today announced a contract to design, develop, implement and support an Electronic Recording Delivery System (ERDS) solution for the California Electronic Recording Transaction Network Authority (CeRTNA). The system is the first in the country to be state-certified for document security.

The ACS system will allow documents related to land records to be electronically submitted from groups such as title agents, banks, lenders and local governments to be routed to county recorders for processing, eliminating the need for paper documents to be delivered to the county. The system will ensure that the electronic documents meet county standards and the stringent certification requirements of the California Attorney General.

CeRTNA, a consortium of county recorders in California, will make the system available to all counties in the state, who will be able to assist in the creation, development and growth of shared standards for electronic document delivery. CeRTNA's approach will significantly reduce the ERDS development, implementation and certification costs for each participating county.

"ACS will create a system for CeRTNA that will save time and money for local governments," said Patrick Honny, chief deputy of information technology for San Bernardino County. "With the advantage of knowing the documents going into the system have already met state recording requirements, we have an even greater level of reliability and efficiency."

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 ranks first worldwide in transportation services to governments, including processing 16 million parking tickets annually for cities including Los Angeles and Boston.

"CeRTNA has a forward-thinking vision of how local governments should manage documents," said Joe Doherty, executive vice president and group president of ACS' Government Solutions Group. "Our work for CeRTNA is just another example of how ACS is committed to finding unique solutions that will bring lasting value to our clients and the citizens they serve."

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: investor relations, 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/

China Information Security Technology, Inc. Wins $7.0 Million Contract for Shenzhen Residence Card Information Management System Phase II Project

SHENZHEN, China, Aug. 5 /Xinhua-PRNewswire-FirstCall/ -- China Information Security Technology, Inc., ("China Information Security," "CIST" or the "Company"), a leading provider of Information Security and 3S (Geographic Information Systems -- GIS, Global Positioning Systems -- GPS and Remote Sensing -- RS) services in China, today announced that the Company has been awarded a contract to construct the Shenzhen Residence Card Information Management System Phase II Project, with a total contract value of $7.0 million. The contract is estimated to be completed by the end of 2008.

The Shenzhen Residence Card Information Management System ("SRCIMS") is designed to form an integrated information sharing platform to facilitate the management of different social functions by the Shenzhen Municipal Government, including public security, social welfare, education, industry and commerce, labor and house rental service management. The Company began construction of the SRCIMS Phase I project and beta-test roll out in Shenzhen's Yantian District on July 2007, and successfully completed the project in March 2008. Due to the positive feedback received by the government in connection with the Company's SRCIMS Phase I project, the government has decided to roll out the residence card program throughout Shenzhen, with Phase II beginning August 1, 2008. For Phase II, China Information Security will expand the city's current database storage capacity and other system infrastructure to provide robust support for approximately 5 million residence cards. Additional phases are expected to follow, pending successful completion of the Phase II roll-out. The current roll-out plan is to support approximately 12 million residence card holders in the next few years.

Shenzhen is a large and developed city with millions of migrant workers and the system will be able to provide solid data to support government decisions on social management and public services. The residence card system is expected to benefit migrant workers, by giving them access to the same services enjoyed by permanent residents. The system will efficiently provide them with information regarding social welfare, employment, education, housing and international travel, and this information will be segmented and shared across departments. Obtaining the Shenzhen residence card will be voluntary for Shenzhen residents, but only holders of the card will be entitled to a range of free public services, including low-cost housing and free education for their children in Shenzhen. Migrant workers will also need to obtain the residence card in order to obtain rental housing in Shenzhen.

"We are very pleased to have won the SRCIMS Phase II Project," said Mr. Jiang Huai Lin, the Company's CEO. "We expect that Project II will serve as a model for large scale city-wide rollouts and will perfectly position us for other follow-on opportunities should the residence card program be extended to other cities across China."

About China Information Security Technology, Inc.

Through its wholly-owned Chinese subsidiary, China Information Security is focused on the development and implementation of large scale, high-tech information security and 3S (Geographic Information Systems - GIS, Global Positioning Systems - GPS and Remote Sensing - RS) related projects. The Company provides a broad portfolio of fully integrated solutions and services, including Information Security (First Responder Coordination Platform, Intelligent Border Control System and Residence Card Information Management System), 3S and Product Sales and Services. Through its exclusive contractual arrangement with iASPEC Software Company Limited (iASPEC), China Information Security has the licenses to numerous registered and copyrighted software applications in China. In addition, iASPEC is considered the Company's variable interest entity, and its financial data and information is consolidated into the Company's accounts. To learn more about the Company, please visit the corporate website at http://www.chinacpby.com/ .

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of China Information Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the significance of the contract win of the Shenzhen Residence Card Information Management System Phase II project and the Company's ability to take advantage of other follow-on opportunities; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact: Company Contact: Mr. Michael Lin Vice President, Investor Relations China Information Security Technology, Inc. Tel: +1-949-743-0868 Email: mlin@chinacpby.com Web: http://www.chinacpby.com/ Investor Relations Contact: Mr. Crocker Coulson President CCG Investor Relations Tel: +1-646-213-1915 (NY office) Email: crocker.coulson@ccgir.com Web: http://www.ccgir.com/

China Information Security Technology, Inc.

CONTACT: Company Contact - Mr. Michael Lin, Vice President, Investor
Relations of China Information Security Technology, Inc., +1-949-743-0868, or
mlin@chinacpby.com; Investor Relations Contact - Mr. Crocker Coulson,
President of CCG Investor Relations, +1-646-213-1915 (NY office), or
crocker.coulson@ccgir.com , for China Information Security Technology

Web Site: http://www.chinacpby.com/
http://www.ccgir.com/

China Ritar Power Corp. Announces Expansion of Board of Directors with the Appointment of Jianjun Zeng, Charles C. Mo, Yaofu Tang and Xiongjie Wang

SHENZHEN, China, Aug. 5 /Xinhua-PRNewswire-FirstCall/ -- China Ritar Power Corp. (BULLETIN BOARD: CRTP) , (the "Company" or "China Ritar"), a leading Chinese manufacturer of lead-acid batteries, announced the appointment of Jianjun Zeng, Charles C. Mo, Yaofu Tang, and Xiongjie Wang as new directors of the Company, among whom, Messrs Mo, Tang and Wang act as independent directors of the Company. Through these appointments, the Company has also completed the establishment of its audit, compensation, and governance and nominating committees. Mr. Mo serves as the chair of the Company's audit committee, Mr. Tang serves as the chair of the compensation committee, and Mr. Wang serves as the chair of the governance and nominating committee.

"The addition of Jianjun Zeng, Charles C. Mo, Yaofu Tang, and Xiongjie Wang to China Ritar's board of directors ensures that China Ritar will benefit from a diversity of knowledge and opinions. The board of directors selected Jianjun, Charles, Yaofu and Xiongjie based on their strong leadership skills, extensive management experience, and proven track records," said Jiada Hu, chief executive officer of China Ritar.

With the appointments of these four new directors, the Company's board of directors, which currently has five members, is now comprised of a majority of independent directors, as that term is defined by the Marketplace Rules of The Nasdaq Stock Market.

Mr. Jianjun Zeng, joined the Company on February 16, 2007 as chief operating officer. Prior to China Ritar, Mr. Zeng served as vice president of a leading lead-acid battery manufacturer, Zhongshan Enduring Battery Co. Ltd. He has also worked as vice president of sales for a Shenzhen-based VRLA manufacturer named Jinxingguang Power Co., Ltd. Prior to that, he led the production department of a metallurgy company based in Hengyang City, Tianyuan Inc. Mr. Zeng holds an MBA from Zhongshan University and a bachelor's degree from Hunan University.

Mr. Charles C. Mo is a Certified Public Accountant with twenty-seven years of experience in corporate accounting and finance. Since June of 2005, he has served as General Manager of Charles Mo & Co, a consulting company with a focus on general management in China. Between 1999 and 2005, he was the chief operating officer and chief financial officer of Coca-Cola Shanghai. Prior to Coca-Cola, he headed the finance departments of several leading companies such as Fisher Rosemount Shanghai, Nike China, and Polaroid China. He has also served as an accountant and auditor for Ernst & Young and Thomas Allen, CPA. Mr. Mo obtained his MBA from California State University-Fullerton and a bachelor's degree in business administration from Hong Kong Baptist College.

Mr. Yaofu Tang is one of the leading computer experts in China with over 36 years of experience in the field. He was one of major developers of the first Chinese PC, Chinese MS-DOS and ROM dot-matrix Chinese Character font base. Prior to joining Ritar, he worked with a successful Japanese-based wireless POS developer called Any1, Inc. He has also served as President and CEO of Tangy Mobile Device ("TMD"). Prior to TMD, he was the group vice president and served on the board of directors of two leading Chinese computer companies: the Founder Group and Great Wall Computer Group. Mr. Tang earned his bachelor's degree from Peking University.

Mr. Xiongjie Wang has over 20 years of work experience in the Chinese patent industry. Since June 2005, he has been the executive director and general manager of Shenzhen Xiongjie Patent & Trademark Agent Company. From December 2002 to June 2005, he worked with Shenzhen Zhongzhi Patent Agent Company as executive director and general manager. Mr. Wang is currently a board member of All-China Patent Agents Association.

About China Ritar

China Ritar designs, develops, manufactures and markets environmentally friendly lead-acid batteries with a wide range of capacities and applications, including telecommunications, Uninterrupted Powers Source (UPS) devices, Light Electrical Vehicles (LEV), and alternative energy production (solar and wind power). China Ritar sells, markets and services six series and 197 models of Ritar-branded, cadmium-free valve-regulated lead-acid or VRLA batteries. Products are sold worldwide with sales in 56 countries including China, India, and numerous markets in Europe and the Americas.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information please contact: Dan Joseph ICR, Inc. Tel: +86-21-6122-1077 Bill Zima ICR, Inc. Tel: +1-203-682-8200

China Ritar Power Corp.

CONTACT: Dan Joseph, +86-21-6122-1077; or Bill Zima, +1-203-682-8200,
both of ICR, Inc., for China Ritar

Actel Announces Winners of First 'Actel Cup' Electronics Design Contest in ChinaDesigns Demonstrate Advantages of Actel's Mixed-signal FPGAs and Set Stage for Future Fusion-based Innovation in China

MOUNTAIN VIEW, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Actel Corporation today announced that a mixed-signal Actel Fusion-based wireless auto-monitoring temperature control design from Xi'an Institute of Posts and Telecommunications won the top prize in the first ever Actel Cup design contest in China. The winning design was chosen by a judging committee from among the 390 submitted designs ranging from automotive and medical to power management solution designs. Demonstrations of the winning designs were available at an awards ceremony in Guangzhou in June.

Anthony Hsiah, Actel's country manager in China, said, "The creativity of the Actel Cup design contest submissions and the students' ability to fully utilize the innovative features of our mixed-signal FPGAs was impressive. It was clear that, through hands-on experience, we can assist students to become valuable contributors to China's rapidly growing electronics industry and further establish the mixed-signal Actel Fusion FPGA as a suitable option for an incredibly broad range of applications."

In second place, the design from Ocean University of China utilized the mixed-signal Fusion FPGA to enable the remote detection of smoke, gas density, and environmental temperatures within the home. Awarded to the team from South China Normal University, the third place design was a hand language recognition system for mute and deaf persons that could also be utilized for gaming applications. Other participating universities included Huazhong University of Science & Technology and Nanjing University of Science & Technology.

Contest judge and president and general manager of Guangzhou ZLGMCU Development Co., Ltd., George Zhou Li Gong said, "In China, designers are beginning to recognize the critical importance of FPGAs as key enabling technologies for the future. The Actel Cup design contest offered evidence of the innovation possible when utilizing mixed-signal FPGAs."

About Fusion

The award-winning, mixed-signal Actel Fusion FPGAs incorporate analog functions, embedded flash and FPGA fabric in a single chip. For embedded applications, the combination of Fusion and industry-standard cores, such as an 8051 microcontroller or the ARM Cortex-M1 processor, enables intelligent system and power management, representing a flexible, low-cost alternative for many telecommunications and industrial control applications.

About Actel

Attacking power consumption from both the chip and the system levels, Actel Corporation's innovative FPGAs and programmable system chip solutions enable power-efficient design. The company is traded on the NASDAQ National Market under the symbol ACTL and is headquartered at 2061 Stierlin Court, Mountain View, Calif., 94043-4655. For more information about Actel, visit http://www.actel.com/.

The Actel name, logo and Actel Fusion are trademarks of Actel Corporation. All other trademarks and service marks are the property of their respective owners.

Actel Corporation

CONTACT: Stephanie Mrus of Actel Corporation, +1-650-318-4614,
stephanie.mrus@actel.com; or Diane Orr of Orr & Co, +1-408-358-1617,
diane@orr-co.com, for Actel Corporation

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

LSI Delivers Next-Generation Preamplifier IC for Mobile Hard Disk DrivesTrueStore PA2700 preamplifier offers increased data rates and optimized power-performance for mobile hard disk drive (HDD) market

MILPITAS, Calif., Aug. 5 /PRNewswire-FirstCall/ -- LSI Corporation today announced that its next-generation TrueStore(R) PA2700 preamplifier integrated circuit (IC) is now sampling to select OEM customers. The PA2700 is a high-performance, low-power preamplifier IC specifically designed for use in 2.5-inch mobile hard disk drives (HDD) for the laptop computer market.

"LSI is committed to being the world's leading HDD silicon provider and we continue to take solid steps toward achieving this goal," said Ruediger Stroh, executive vice president, Storage Peripherals Group, LSI. "We've seen consistent sales growth for our preamp products, and with four out of six of the industry's leading HDD providers sampling the PA2700, we continue to build on this momentum. We now have preamp business and key design wins across all hard disk drive segments."

Designed using second-generation LSI silicon-germanium processes, the PA2700 delivers increased data rates and best-in-class write performance with operating speeds of up to 2.3 gigabits-per-second (Gbps), a performance increase of more than 50 percent over the previous generation. The PA2700 also offers an optimal balance of power, performance and reliability. The innovative power-saving features of the PA2700 help reduce power usage while the decreased heat dissipation delivers greater drive reliability.

The LSI family of ICs for hard disk drives includes read channels, preamplifiers, motor controllers, hard disk controllers and firmware, as well as highly integrated, high-performance storage systems-on-a-chip (SoCs). With these chips, manufacturers of hard disk drives get the performance and design flexibility needed to develop drives with outstanding storage capacity, speed, reliability and power savings.

About LSI

LSI Corporation is a leading provider of innovative silicon, systems and software technologies that enable products which seamlessly bring people, information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs, adapters, systems and software that are trusted by the world's best known brands to power leading solutions in the Storage and Networking markets. More information is available at http://www.lsi.com/.

Editor's Notes: 1. All LSI news releases (financial, acquisitions, manufacturing, products, technology, etc.) are issued exclusively by PR Newswire and are immediately thereafter posted on the company's external web site, http://www.lsi.com/ 2. LSI, the LSI logo, and TrueStore are trademarks or registered trademarks of LSI Corporation or its subsidiaries. 3. All other brands or product names may be trademarks or registered trademarks of their respective companies.

LSI Corporation

CONTACT: Jay Russo of LVA Communications, +1-860-739-5598, jay@lva.com,
for LSI Corporation; or Brian Garabedian of LSI Public Relations,
+1-408-433-8253, brian.garabedian@lsi.com

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

Orange Business Services Launches Network Boost, an Integrated Application Performance Management Solution

LONDON, August 5 /PRNewswire/ --

- Customers Benefit From Network-Based Application SLAs and Proactive Performance Monitoring

To help enterprises further optimize their business applications, Orange Business Services is launching Network Boost, a network-based application performance management solution, fully integrated with the Orange IP VPN. Network Boost prioritizes, accelerates and optimizes customers' applications and guarantees uptime through stringent network-based application service level agreements and proactive performance monitoring.

Network Boost gives businesses a clear understanding of how their networks are used - by application, site and user group. The solution allows businesses, regardless of their size or number of worldwide locations, to manage and prioritize in real time the applications running on their networks. With Network Boost, businesses can maintain intelligent networks that continuously adapt to data transmission volumes and performance demands from new business applications. Orange proposes multiple options depending on customer need, including:

- acceleration that compresses data and minimizes network delays, - application monitoring that anticipates network performance degradation, and - self management that allows customers to change their own application service quality.

With an integrated application performance management solution, customers benefit from:

- productivity gain with comprehensive optimization, visibility and management of its business critical applications - worldwide deployment with a single service desk, - better control and allocation of network resources with end-to-end incident management and aligned Guaranteed Time To Repair service level agreements, - better productivity with global evolution planning, and - user satisfaction with better quality of service and homogeneous customer experience, as well as a single bill.

Business Acceleration enhancement

Available in 220 countries and territories, Network Boost is a new addition to the "Manage" phase of the Business Acceleration suite of services. Launched in March 2007, Business Acceleration improves visibility, management and performance of applications through an optimized global communications infrastructure. The threefold approach includes:

- analyze, supplies Business Intelligence, gaining end-to-end visibility on business-critical applications, - manage, ensures efficient and harmonized operation of the infrastructure and applications, including application performance optimization, service management and reporting/SLAs, and - optimize, maximizes benefits from the customer's infrastructure and improves its business applications' performance.

About Orange

Orange is the key brand of France Telecom, one of the world's leading telecommunications operators. France Telecom serves close to 174 million customers in five continents as of June 30, 2008, of which two thirds are Orange customers. The Group had consolidated sales of 52.9 billion euros in 2007 (26.3 billion euros for the first half 2008). As of June 30, 2008, the Group had 113.8 million mobile customers and 12.2 million broadband Internet (ADSL) customers.

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

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

For more information: http://www.orange.com, http://www.francetelecom.com , http://www.orange-business.com

Orange and any other Orange product or service names included in this material are trade marks of Orange Personal Communications Services Limited, Orange France or France Telecom.

Orange Business Services

Press contacts : Orange Business Services - Global, Europe and Asia Pacific, Frédéric Gielec, +33-1-46-46-2189, frederic.gielec@orange-ftgroup.com; Orange Business Services - Americas: Elizabeth Mayeri, +1-212-251-2086, elizabeth.mayeri@orange-ftgroup.com; Orange : Bertrand Deronchaine, +33-1-44-44-93-93, bertrand.deronchaine@orange-ftgroup.com; Georgina Hart, +44-77-309-896-93, georgina.hart@orange-ftgroup.com; Erika Gelinard, +33-1-44-44-93-93, erika.gelinard@orange-ftgroup.com

Verizon FiOS Internet Top Broadband Pick, AgainPC Magazine Survey of Readers Finds FiOS Is Preferred Internet Connection

NEW YORK, Aug. 5 /PRNewswire/ -- For the second year in a row, Verizon's FiOS Internet service has been rated the best in PC Magazine's reader survey of "The Best (and Worst)" ISPs in America.

Verizon High Speed Internet service also finished third in overall score on the list of the best DSL providers rated by the magazine's readers.

The survey, conducted between April 7 and May 14, 2008, asked PC Magazine readers to rate their Internet service providers, including fiber-based service, DSL, cable and satellite. The readers were asked to evaluate their provider on 11 categories ranging from speed and reliability to initial setup and overall rating.

"Unsurprisingly, the favored method to connect is fiber-to-the-premises, as embodied by the Verizon FiOS service," the magazine said in reporting its survey results. "The fast fiber hookup received an 8.6 for an overall score -- the best rating of all the broadband options."

Verizon's FiOS Internet also collected the highest score among all ISPs for speed (9.0), reliability (8.7), initial setup (8.2), ISP-provided e-mail (8.0) and likelihood of choosing ISP (8.7). Verizon FiOS Internet was ranked No. 1 in the 2007 PC Magazine survey of Best and Worst ISPs.

"Finishing at the top of the chart among PC Magazine's readers two years in a row is music to our ears," said John Wimsatt, Verizon vice president for broadband marketing. "It reinforces something we've known for quite some time -- FiOS is the best broadband service in America and the world.

"But we're not about to rest on our laurels," he added. "We will continue to expand the FiOS network, introducing to more consumers the fastest, most reliable Internet anywhere, and deliver improvements and new features for an already outstanding product."

Since the 2007 PC Magazine "The Best (and Worst)" survey, Verizon has introduced its unmatched symmetrical FiOS Internet service with the fastest upload speed (20 Mbps) offered anywhere, coupled with an equally fast 20 Mbps downstream speed. Also, Verizon in June expanded its super-fast 50 Mbps downstream FiOS offering to consumers in 10 more states.*

Earlier this year, Verizon FiOS Internet also was named a winner in PC World Magazine's "The 100 Best Products of 2008," the second year in a row the broadband service made that list.

Only Verizon delivers ultra-high-speed broadband straight to customers' homes over the nation's most advanced fiber-optic network. The network already reaches 10 million homes and business, and it will reach more than 18 million by 2010.

Verizon offers FiOS Internet to markets in California, Connecticut, Delaware, Florida, Indiana, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia and Washington.

In July, Verizon reported that more than 2 million consumers and businesses now use FiOS Internet as their connection to the Internet.

* NOTE: actual (throughput) speeds will vary based on factors including computer configuration and network/Internet congestion.

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 69 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of more than 228,600 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.

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

Verizon

CONTACT: Cliff Lee of Verizon, +1-518-396-1095,
clifford.p.lee@verizon.com

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

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

Kiwibox Launches Version 2.0 of Teen Social Network & Online MagazineSite expands traditional social networking platform by integrating editorial content

NEW YORK, Aug. 5 /PRNewswire/ -- Magnitude Information Systems, Inc. (Magnitude) (BULLETIN BOARD: MAGY.OB) disclosed today the following developments concerning Kiwibox, its primary business unit.

Kiwibox (http://kiwibox.com/), the first social networking destination and online magazine where teens produce, discover, and share content while connecting with friends, today launched Kiwibox 2.0. The latest version of the site offers enhanced features and functionality that significantly increases the overall user experience. These new features include:

-- Dynamic new profile pages -- New profiles feature drag and drop customization, enhanced privacy settings, and personal sub-domains for every member. Kiwibox members can add widgets for Facebook, MySpace, YouTube, Flickr, and all of their favorite Kiwibox content.

-- Revamped Points and Prizes -- Members have more ways to earn KiwiPoints by participating in the social network and contributing editorial content. Members can redeem these KiwiPoints for an expanded selection of real world KiwiPrizes from iPods(TM) to Nintendo Wii(TM) and much more.

-- New KiwiGames -- New KiwiGames section offers members double the amount of cool, fun games to play while connecting and competing with friends.

-- KiwiboxTV -- Exclusive on camera interviews with artists and celebrities by Kiwibox teen Video Journalists, as well video coverage of red carpet events brings members one step closer to their favorite celebrities.

-- Enhanced weekly and daily content -- Weekly online magazine is supplemented by daily and up-to-the-minute entertainment news contributed by members from around the world.

"Kiwibox provides a positive outlet for teenage expression in an entertaining and informative environment," said Lin Dai, Chief Executive Officer at Kiwibox. "Kiwibox 2.0 provides a distinctive new look to the world of social networking, allowing teens to find their voice for even more creative expression and information sharing. Members in our community actively engage with each other around content in ways that aren't possible on other social networks."

Kiwibox has grown its community organically to more than 1.8 million members. The company also offers a mobile WAP version of the new site to ensure members are never out of touch with their friends and their favorite Kiwibox content.

For more information, or to see the latest version of Kiwibox, visit http://kiwibox.com/.

About Kiwibox

Founded in 1999, Kiwibox.com is the first social networking destination and online magazine where teens produce, discover, and share content. Kiwibox members are teens in the know who go to Kiwibox to enjoy personalized content and share their interests with peers. With more than 1.8 million registered members, Kiwibox provides one of the largest distribution and marketing channels to connect advertisers with the highly sought after teen audience, in a controlled and interactive environment. For more information, visit http://kiwibox.com/.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors. Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, resolution of pending regulatory investigations and related issues, including those related to compensation arrangements with underwriters, pension funding, ultimate paid claims may be different from actuarial estimates and actuarial estimates may change over time, changes in technology and internet developments, commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities and other loss contingencies, and the heightened level of potential errors and omissions liability arising from placements of complex policies and sophisticated reinsurance arrangements in an insurance market in which insurer reserves are under pressure. Further information, concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission.

Kiwibox

CONTACT: Todd Barrish, todd@dukaspr.com, or Mike Bush, mike@dukaspr.com,
both of Dukas Public Relations, +1-212-704-7385, for Kiwibox.com; or Lin Dai,
Chief Executive Officer, Kiwibox Media, Inc., +1-212-239-8210

Web Site: http://kiwibox.com/

BAE Systems Shared Services Finance Selects Trintech's AssureNET GL to Improve Internal ControlsFinancial Shared Services Group for Leading Manufacturer of Advanced Defence and Aerospace Systems to Use AssureNET GL to Automate and Control Key Accounting Activities

LONDON and DUBLIN, Ireland, Aug. 5 /PRNewswire-FirstCall/ -- Trintech Group Plc , a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that BAE Systems Shared Services has selected AssureNET GL to increase the timeliness and accuracy of their balance sheet account reconciliations. AssureNET GL is an automated reconciliation software system that performs this critical business function, while ensuring internal controls and compliance.

BAE Systems, with operations across five continents and customers and partners in more than 100 countries, develops, delivers, and supports advanced defence and aerospace systems in the air, on land, and at sea.

"AssureNET GL will provide us with better visibility and control. We're adopting what we believe is a best practice solution to strengthen our control processes," said BAE Systems' Richard Rowe, Financial Controller, Accounting Services. "Our future plans include the extension of the application to underpin our Financial Controls Framework through AssureNET GL's task management workflow."

AssureNET GL provides distinct workflow management for balance sheet account reconcilers, reviewers, and approvers. Time-consuming tasks such as the notification and tracking of accounts and deadlines are automated, and AssureNET GL's risk management features enable detailed analysis, reporting, and documentation of current and potential risk. Companies that migrate to AssureNET GL from manual, spreadsheet-driven processes that rely heavily upon paper and email have realized an increased confidence when certifying financial results.

"This is a significant win for Trintech. We're delighted BAE Systems Shared Services selected AssureNET GL to automate the preparation, tracking, review, and assessment of account reconciliations," said Tony Bethell, VP EMEA for Trintech. "They're taking an innovative approach to strengthening controls while simplifying account reconciliation processes across their enterprise."

About BAE Systems

BAE Systems is the premier global defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions, and customer support services. With 96,000 employees worldwide, BAE Systems' sales exceeded £15 billion (US $27 billion) in 2006*.

* On a pro forma basis, assuming BAE Systems had owned Armor Holdings Inc for the whole of 2006. About Trintech Group

Trintech Group Plc is a leading global provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.

Over 600 leading global organizations realize the benefits of Trintech's configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer's Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.

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

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

Trintech * 15851 Dallas Parkway, Suite 900 * Addison, TX 75001 * Tel 1 972 701 9802 Trintech UK Ltd. * Warnford Court, 29 Throgmorton St. * London EC2N2AT, UK * Tel +44 (0) 20 7628 5235 Trintech Technologies * Block C, Central Park * Leopardstown, Dublin 18, Ireland * Tel +353 1 293 9840 Trintech * Cypresbaan 9 * 2908 LT Capelle a/d Ijssel, The Netherlands * Tel +31 (0) 10 8507 474 Trintech Press Contact: Dallas: Donna Martinez, Marketing Communications Manager, Trintech Tel. +1 972 739 1611. email: donna.martinez@trintech.com

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Tony Bethell http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=70963

Trintech Group Plc

CONTACT: Donna Martinez, Marketing Communications Manager of Trintech,
+1-972-739-1611, donna.martinez@trintech.com

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

McAfee Inc. Wins User Choice Award for Desktop, File Server, and Email SecurityMcAfee Total Protection Service Advanced Named 2008 Community Choice Award Winner by Windows IT Pro Magazine

SANTA CLARA, Calif., Aug. 5 /PRNewswire-FirstCall/ -- McAfee, Inc. today announced that its McAfee(R) Total Protection Service Advanced was named as a winner of the "2008 Community Choice Awards" in the Antispam Solution Business Category by Penton Media's Windows IT Pro. McAfee Total Protection Service Advanced provides desktop, server and email protection in one simple, integrated package.

Windows IT Pro forum visitors and several Windows user groups voted on their product preferences in seven broad technology categories. Readers submitted votes on Windows IT Pro and the SQL Server Magazine websites and registered forum members were also asked to weigh in.

"The 2008 Community Choice Awards honors products that our trusted readers have selected as most worthy of recognition," said Jeff Lewis, group publisher of Windows IT Pro. "Our readers' input and opinions reflect the true test of how these products perform daily -- in the businesses, agencies, and institutions where they are continuously put to the test."

McAfee Total Protection Service Advanced provides comprehensive security-as-a-service, delivered in a single solution to protect small and mid-sized businesses against threats like viruses, spam, phishing, spyware, hackers, and identity thieves. The award-winning service updates automatically and makes it simple to manage all layers of protection with the hosted McAfee SecurityCenter, an easy-to-use, online management console that centralizes policy configurations and reporting.

"Windows IT Pro readers have voiced their confidence that McAfee's security-as-a-service provides the anti-spam capabilities to keep their businesses productive and protected," said Kevin LeBlanc, director of solutions marketing for McAfee. "The Community Choice Award helps to reinforce McAfee's continued leadership and security innovation in providing our customers with solutions that are smart, simple and secure."

Supported on Windows-based systems, McAfee Total Protection Service Advanced reduces the maintenance and infrastructure costs to small and mid-sized businesses by hosting a network operations center that provides automatic updates and online reporting. McAfee's hosted services include a staff of around-the-clock security experts and technical support personnel to ensure that the customers' desktops, file servers and email protection are always protected.

McAfee Total Protection Service Advanced installs onto endpoint systems and provides additional email filtering in the clouds, which is compatible with all email applications. The online SecurityCenter allows administrators to easily access policy configurations and reporting for the entire company, including branch offices and remote users, to ensure continuous protection. This comprehensive service offers an integrated solution with automatic updates, online management and 24/7 customer support, sparing businesses from having to invest additional dollars in hardware, management software or maintenance.

McAfee's Previous Awards

McAfee's Total Protection Solutions have won several prestigious awards in the past year including the following:

-- 2008 PC User Magazine, Best Buy -- 2007 SC Magazine Europe, Best SME Security Solution -- 2007 eWeek -- Best Software-as-a-Service -- 2007 Small Business Computing -- Best Network Security Solution About Windows IT Pro:

Penton Media's Windows IT Pro, the largest independent Windows IT community in the world, has Windows IT Pro as its flagship print publication. Windows IT Pro also includes SQL Server Magazine and Office SharePoint Pro. The Windows IT Pro network has 2.5 million unique visitors to its Web sites each month, and more than one million subscribers who opt-in to one or more email newsletters. Windows IT Pro is the world's leading producer of custom road shows, paid conferences and paid workshops for Windows and SQL Server IT and developer professionals. For more information visit: http://www.windowsitpro.com/ or http://www.sqlmag.com/.

About McAfee, Inc.:

McAfee, Inc., headquartered in Santa Clara, California, is the world's largest dedicated security technology company. It delivers proactive and proven solutions and services that secure systems and networks around the world, allowing users to browse and shop the Web securely. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector and service providers by enabling them to comply with regulations, protect data, prevent disruptions, identify vulnerabilities and continuously monitor and improve their security. http://www.mcafee.com/.

McAfee and/or other noted McAfee related products contained herein are registered trademarks or trademarks of McAfee, Inc., and/or its affiliates in the US and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. Any other non-McAfee related products, registered and/or unregistered trademarks contained herein is only by reference and are the sole property of their respective owners. (C) 2008 McAfee, Inc. All rights reserved.

McAfee, Inc.

CONTACT: Kathy Stahlman of McAfee, Inc., +1-408-346-3706,
kathy_stahlman@mcafee.com; or Christina Pacelli of Red Consultancy,
+1-415-618-8812, christina.pacelli@redconsultancy.com, for McAfee, Inc.

Web site: http://www.mcafee.com/
http://www.windowsitpro.com/
http://www.sqlmag.com/

LeapFrog Explores Faraway Galaxies and New Frontiers with Three Educational GamesNew LeapFrog Titles Based on STAR WARS: THE CLONE WARS(TM) and INDIANA JONES(TM) Now Available

EMERYVILLE, Calif., Aug. 5 /PRNewswire-FirstCall/ -- LeapFrog Enterprises, Inc. , today announced two new educational game titles based on Lucasfilm's upcoming Star Wars: The Clone Wars and one game based on the summer blockbuster Indiana Jones and the Kingdom of the Crystal Skull. There are also plans for LeapFrog to develop two additional Star Wars learning games for 2009. All new games will connect to the proprietary LeapFrog(R) Learning Path, a free online tool that will show parents what their child is learning with their LeapFrog products.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080805/AQTU046)

LeapFrog developed these educational games, based on the popular Lucasfilm storylines and characters, for its two new gaming platforms -- the Leapster2 Learning Game System, for kids from four to eight, and the Didj Custom Gaming System, for children from six to ten years old. In a recent annual survey of more than 1,000 parents by ConsumerQuest for LeapFrog, 66% of parents of three- to 11-year-olds felt playing with educational video games gives their child an educational advantage. By offering a broad selection of age-appropriate educational titles, LeapFrog can better engage kids with a unique blend of learning and fun.

Strong Partnership Focused on Learning Fun

"LeapFrog was the obvious choice for us to work with when evaluating educational gaming options," said Paul Southern, senior director of domestic licensing and marketing of Lucas Licensing. "With over a decade of learning leadership, we knew we could trust the LeapFrog team to match engaging educational content with our Star Wars and Indiana Jones franchises, so that kids could learn while having a blast."

"Kids love Star Wars and Indiana Jones, so it was a natural step for us to partner with Lucasfilm on these beloved franchises," said Nancy MacIntyre, LeapFrog's executive vice president of product, innovation and marketing. "The epic story lines, interesting characters and memorable settings provide us with intriguing opportunities to raise the bar on educational gaming."

Two More Titles Underway

LeapFrog has extended its educational game development agreement with Lucas Licensing for the development of two additional 2009 educational game titles: one based on the classic Star Wars movie trilogy and another Star Wars: The Clone Wars title. These new learning games also will be designed for play on LeapFrog's Leapster2 and Didj handhelds.

Pricing and Availability

The new Leapster2 game, Star Wars: Jedi Math, and the two new titles for Didj, Star Wars: The Clone Wars and Indiana Jones and the Kingdom of the Crystal Skull, are now available at http://www.leapfrog.com/gaming and at major retailers. The MSRP for the Leapster2 game is $24.99, and the MSRP for each Didj title is $29.99.

About LeapFrog

LeapFrog is a leading designer, developer and marketer of innovative, technology-based educational products that make learning fun. With more than 120 million educational platforms, books and games in homes worldwide, and multisensory technology in more than 100,000 US classrooms, the LeapFrog learning brand is trusted by parents, valued by teachers and loved by children. Many of LeapFrog's newest learning products connect to the Internet, for rich, offline/online experiences that parents and children can personalize.

LEAPFROG, the LeapFrog logo, LEAPSTER and DIDJ are trademarks or registered trademarks of LeapFrog Enterprises, Inc. All other trademarks are property of their respective owners. Copyright (C) 2008 LeapFrog Enterprises, Inc. All rights reserved.

Lucasfilm, STAR WARS(TM) and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates. TM & (C) Lucasfilm Ltd. All rights reserved. All other trademarks and trade names are properties of their respective owner

Media contacts Mischa Dunton Blair Decembrele LeapFrog Enterprises, Inc. Kaplow Communications 510-596-5441 212-221-1713 mdunton@leapfrog.com bdecembrele@kaplowpr.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080805/AQTU046
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN4
PRN Photo Desk, photodesk@prnewswire.com LeapFrog Enterprises, Inc.

CONTACT: Mischa Dunton of LeapFrog Enterprises, Inc.,
+1-510-596-5441, mdunton@leapfrog.com; or Blair Decembrele of Kaplow
Communications, +1-212-221-1713, bdecembrele@kaplowpr.com, for LeapFrog
Enterprises, Inc.

T. Rowe Price Selects Interwoven to Improve Efficiency and Speed Time-to-MarketT. Rowe Price to Implement Interwoven Composite Application Provisioning Solution to Automate and Streamline Application Deployment

SAN JOSE, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Interwoven , a global leader in content management solutions, today announced that T. Rowe Price , a global investment management firm, has selected the Interwoven Composite Application Provisioning (CAP) solution. The Interwoven CAP solution will play a key role in supporting T. Rowe Price's strategy to automate the deployment of all applications, including Web applications. By implementing the Interwoven CAP solution, T. Rowe Price expects to reduce deployment costs.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071205/INTWOVLOGO)

"As both the volume and the complexity of new applications increase, the ability to automate the delivery of code, content, and configurations of Web applications is essential to speed time-to-Web, reduce IT costs, and ensure compliance," said Seth Rosenblatt, vice president of product marketing at Interwoven. "We are thrilled to add T. Rowe Price to our list of customers who have selected our Interwoven CAP solution. By optimizing the deployment process, T. Rowe Price can increase agility and flexibility, and turn the Web and other applications into assets that increase engagement and customer satisfaction."

About Interwoven Composite Application Provisioning

The Interwoven Composite Application Provisioning solution allows businesses to automate and standardize the deployment of custom Web applications, resulting in dramatically improved efficiency and time-to-market. The solution is comprised of Interwoven OpenDeploy and Interwoven ControlHub. For more information about the Interwoven Composite Application Provisioning solution, go to http://www.interwoven.com/cap. Or, listen to our podcast entitled: "Introduction to Composite Application Provisioning (CAP)" at http://www.interwoven.com/podcastcap.

About T. Rowe Price

Founded in 1937, Baltimore-based T. Rowe Price is a global investment management organization with $378.6 billion in assets under management as of March 31, 2008. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. More information is available at http://www.troweprice.com/.

About Interwoven

Interwoven, Inc. is a global leader in content management solutions. Interwoven's software and services enable organizations to maximize online business performance and organize, find, and govern business content. Interwoven solutions unlock the value of content by delivering the right content to the right person in the right context at the right time. Nearly 4,400 of the world's leading companies, professional services firms, and governments have chosen Interwoven, including adidas, Airbus, Amnesty International USA, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, HKMP LLP, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Sky Italia, Qantas Airways, Tesco, Virgin Mobile, and White & Case. A community of over 20,000 developers and over 300 partners enrich and extend Interwoven's offerings. To learn more about Interwoven, please visit http://www.interwoven.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20071205/INTWOVLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Interwoven, Inc.

CONTACT: Randy Cairns of Interwoven, Inc., +1-408-953-7111,
rcairns@interwoven.com

Web site: http://www.interwoven.com/
http://www.troweprice.com/

Aria Communications Joins ShoreTel Distribution Network

SYDNEY, Australia, Aug. 5 /PRNewswire-FirstCall/ -- ShoreTel, Inc., , a leading provider of Pure IP Unified Communications (UC) solutions, today announced the appointment of Aria Technologies as a national distributor for ShoreTel in Australia.

Australian-owned Aria Technologies, formerly known as Aria Communications Pty Ltd, is one of the leading distributors of telecommunications equipment and solutions in Australia and also supplies systems to Australia's largest carrier Telstra under the Telstra brand.

Under the agreement, Aria Technologies will offer ShoreTel's Unified Communications solutions to its extensive network of local value-added resellers (VARs). Based on a unique distributed software architecture and innovative product design, the ShoreTel Unified Communications solution provides enterprise-class reliability and scales from ten to tens of thousands of users. It is designed and built from the ground up to be the market's easiest to use, easiest to manage, full-featured Unified Communications system.

"Aria Technologies has a strong, dynamic and growing business with an extensive channel network and an extremely strong working relationship with its customers," said Tony Warhurst, managing director, SE Asia for ShoreTel. "Like ShoreTel, Aria Technologies is fully committed to its channel partnerships and customer satisfaction."

ShoreTel is expected to gain access to the considerable Telstra market in Australia served by Aria's VARs and aggressively pursue market share in the local UC sector.

According to Rob Pierce, general manager of Aria Technologies in Australia, adding ShoreTel to Aria's product suite was the natural choice based on its strong reputation in the Unified Communications space.

"We identified the markets that had immense opportunities for us, but in which we were not currently playing. We looked at companies that were active in both the IP telephony and larger enterprise space in Australia. Although there were potential opportunities to form a relationship with other vendors out there, we approached ShoreTel because of their growing reputation in Unified Communications. We were impressed by the company's technically strong solutions," said Rob Pierce

About ShoreTel, Inc.

ShoreTel, Inc., is a leading provider of Pure IP Unified Communications solutions. ShoreTel enables companies of any size to seamlessly integrate all communications -- voice, video, messaging and data -- with their business processes. Independent of device or location, ShoreTel's distributed software architecture eliminates the traditional costs, complexity and reliability issues typically associated with other solutions. ShoreTel continues to deliver the highest levels of customer satisfaction, ease of use and manageability while driving down the overall total cost of ownership. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/ or call 02 9959 8000

About Aria Technologies

Aria Technologies (formerly Aria Communications Pty Ltd) is the exclusive Australian distributor for LG-Nortel systems for Australia and the Pacific, and a national distributor for ShoreTel in Australia. Aria Technologies currently distributes the Number 1 selling system in the 0-100 equipped end market* and also supplies systems to Australia's largest carrier Telstra, under the Telstra brand. Founded in January 2000, Aria Technologies is a wholly owned Australian company with presence in Melbourne, Sydney, Brisbane and Perth, and with over 180 Dealers located throughout Australia and the Pacific. Aria has won many top international distributor awards including the prestigious "International Distributor of the Year 2007" LG-Nortel's global top award. Visit http://www.ariatech.com.au/.

Media Contacts: Karen O'Grady Kim Rose Upstream Australia ShoreTel, Inc. 61.2.9377.1125 408-331-3357 karen.ogrady@upstreamaustralia.com krose@ShoreTel.com

ShoreTel, Inc.

CONTACT: Karen O'Grady of Upstream Australia, +61.2.9377.1125,
karen.ogrady@upstreamaustralia.com, for ShoreTel, Inc.; or Kim Rose of
ShoreTel, Inc., +1-408-331-3357, krose@ShoreTel.com

Web site: http://www.shoretel.com/
http://www.ariatech.com.au/

AT&T Launches Global 'Next-Generation' Utility Computing ServiceAT&T COMPUTING PLATFORM, Global IP network delivers 'Pay-for-use' service capabilities to businesses

DALLAS, Aug. 5 /PRNewswire-FirstCall/ -- AT&T Inc. today announced the global launch of AT&T Synaptic Hosting(SM), its next-generation utility computing service with managed networking, security and storage for businesses.

As part of AT&T's $1 billion planned global network investment in 2008, the new utility computing service combines technology acquired from USinternetworking (USi) with five "super IDCs" (Internet data centers) in the United States, Europe and Asia. AT&T has a total of 38 IDCs in its global Internet Protocol (IP) network.

The super IDCs will be located in Piscataway, N.J.; San Diego; Annapolis, Md.; Singapore and Amsterdam and will act as regional gateways to the AT&T network "cloud." They will support large-scale computing and applications on demand via virtualized servers and deliver services across AT&T's IDC hosting infrastructure. Over time, additional IDCs will be added to the regional network infrastructure to deliver "enterprise-class" cloud capabilities to companies in the U.S. and abroad.

A core feature of AT&T Synaptic Hosting is its next-generation utility computing platform. This enables the service to deliver a complete hosting solution with features that use the AT&T network to manage applications, compute resources on servers and store data. AT&T Synaptic Hosting also provides designated account support all backed by a single end-to-end, service-level agreement that is unique within the industry.

With this offer, companies will achieve greater flexibility, improved performance and cost savings. The computing platform enabling Synaptic Hosting will be extended to deliver similar benefits to other services in AT&T's portfolio, including unified communication, content distribution, dynamic backup and restore, on-demand retrieval of high-resolution images such as X-rays and CT scans and many other subscription-based software services.

According to a Gartner report on infrastructure utility (IU) services, "Although the IU is 5 percent of the data center outsourcing market, it represents a fairly sizable market of almost $5 billion in end-user spending."(1)

"Today's announcement is yet another example of AT&T's commitment to deliver next-generation services and solutions to companies worldwide," said Ron Spears, group president, AT&T Global Business Services. "The AT&T global network, combined with our powerful computing platform, is driving the convergence of networking and hosting services in ways that are allowing companies to deliver end-user applications whenever and wherever they are needed -- while paying only for the capacity actually used.

"In today's business environment, this kind of flexibility and cost benefit is urgently needed by companies that need their Web sites and end-user applications to perform flawlessly."

The official Web site of the U.S. Olympic Committee (USOC) is powered by AT&T Synaptic Hosting. Teamusa.org is the USOC's new feature-rich Web site that connects fans of the U.S. Olympic and Paralympic teams with America's athletes on their journey to the Olympic Games. The site features stories on U.S. Olympians and Paralympians and Olympic and Paralympic hopefuls, athlete blogs and social networking tools.

"Fans of the 2008 Olympic Games expect to go online searching for a variety of content about the Olympic Games and athletes," said Damani Short, chief information officer at the USOC. "We anticipate rapidly increasing traffic up to and during the Beijing Olympic Games, tapering off in the months following the events. AT&T Synaptic Hosting is ideal for handling the fluctuating online demand associated with the Olympic Games."

AT&T Synaptic Hosting's utility computing features are an ideal solution for companies whose business needs are seasonal or unpredictable, or where end-user traffic spikes are a given. For example, the service allows online retailers gearing up for holiday sales, employers with annual open enrollment for employee benefits and game publishers running online games to manage their own applications -- or let AT&T manage them -- while paying only for the information technology (IT) capacity needed on a day-to-day basis.

In addition to utility computing features, AT&T Synaptic Hosting offers the following:

* A broad selection of dynamic storage and security features that enterprises have come to rely on to protect their data and assets. * The ability to use AT&T's BusinessDirect(R) customer portal to easily manage capacity, complete maintenance and monitor network service and performance of their virtual IT environment. * Personalized support from teams of designated hosting and application specialists who are experienced in the business and technical needs of the clients. * Application monitoring and reporting capabilities that work with most client software available in the industry today. * One end-to-end service level agreement that covers the customer's entire environment.

"Companies are looking to service providers to help them build and manage scalable next-generation infrastructure environments for their business- critical applications," said Melanie Posey, research director at the analyst firm IDC. "Given the increasingly dynamic nature of end-user requirements, businesses need flexible delivery platforms for their applications.

"This trend is driving the need for network cloud-based, on-demand capabilities such as utility computing. The challenge for service providers is to productize these capabilities in a way that enable businesses to easily tailor the solutions to serve their specific needs. Synaptic Hosting is one example of how managed services can be offered in a modular fashion, enabling efficient scalability and on-demand delivery."

More information on AT&T Synaptic Hosting is available at http://www.att.com/hosting.

(1) Source: Gartner, Inc., IT Infrastructure Utility Services Reach 5% of Data Center Outsourcing Revenue, July 17, 2008, Number G00159515 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.

Cautionary Language Concerning Forward-Looking Statements

Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

AT&T Inc.

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

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

FiberNet Reports Second Quarter 2008 ResultsSecond Quarter of 2008 Revenues Increase 19.4% and EBITDA Increases 50.5% Over Comparable Period in 2007

NEW YORK, Aug. 5 /PRNewswire-FirstCall/ -- FiberNet Telecom Group, Inc. , a leading provider of complex interconnection services, today announced its results for the second quarter ended June 30, 2008.

Revenues for the second quarter of 2008 increased to $14.4 million, up 19.4% from $12.1 million for the second quarter of 2007 and up 6.3% from $13.6 million for the first quarter of 2008.

EBITDA (as defined) for the second quarter of 2008 was $2.8 million, up 50.5% from $1.9 million for the second quarter of 2007 and up 11.1% from $2.5 million for the first quarter of 2008.

FiberNet continued to achieve consistent revenue growth in its core product offerings of transport and colocation services. For the second quarter of 2008, revenues from transport and colocation services (excluding revenues from access management services) grew by 19.7% over the second quarter of 2007.

Transport services remained the most significant component of FiberNet's revenues, accounting for 76.8% of the total revenues generated in the second quarter of 2008. On-net transport revenues were 44.9%, and off-net transport revenues were 31.9% of the total revenues.

Colocation services and access management services represented 22.1% and 1.1% of total revenue generated in the second quarter, respectively. Off-net transport revenues were the fastest growing area for the Company in the second quarter of 2008, increasing by 33.6% from the second quarter of 2007 and by 13.3% from the first quarter of 2008. Colocation revenues increased by 25.9% in the second quarter of 2008 from the second quarter of 2007 and by 4.1% from the first quarter of 2008.

FiberNet's customer count also increased to 284 as of June 30, 2008, up from 243 at the end of the second quarter of 2007 and 265 at the end of the first quarter of 2008.

Jon A. DeLuca, President and Chief Executive Officer, stated, "We delivered another strong quarter of results. Our colocation expansion projects are performing well, and we are progressing on our network expansion initiatives. All areas of our business continue to be solid, and our overall cash flow generation demonstrates that."

Cost of services for the second quarter of 2008 was $7.4 million, compared to $6.3 million for the second quarter of 2007 and $6.9 million for the first quarter of 2008. These increases were due, in part, to increased off-net connectivity costs and increased occupancy costs from our colocation expansion projects.

Selling, general and administrative expenses for the second quarter of 2008 were $4.8 million, compared to $4.1 million in the second quarter of 2007 and $4.5 million in the first quarter of 2008. Included in the selling, general and administrative expenses for the second quarter of 2008 was a one-time, non-cash charge of $0.2 million for stock related expense.

The net loss applicable to common stockholders for the second quarter of 2008 was $(0.7) million, or $(0.09) per share, compared to $(1.0) million, or $(0.14) per share, for the second quarter of 2007. The net loss applicable to common stockholders for the first quarter of 2008 was $(0.6) million, or $(0.08) per share.

Capital expenditures for the second quarter of 2008 were $3.2 million, compared to $1.1 million in the first quarter of 2008 and $1.2 million in the second quarter of 2007. In the second quarter of 2008, $1.0 million of capital expenditures were made primarily for the implementation of customer specific orders and the implementation of network infrastructure to support new initiatives, and $2.2 million were invested in colocation expansion projects.

In 2008, the Company expects to invest approximately $3.5 million in capital expenditures for customer order activity, expansion of certain facilities, new product initiatives and an upgrade to certain information technology systems and key operating systems. The Company also expects to invest approximately $3.0 million to complete the two colocation expansion projects that it began last year. These include its new facility at 60 Hudson Street in New York City and its power upgrade at its facility at 165 Halsey Street in Newark, New Jersey. In 2007, the Company invested $0.9 million in these colocation projects. In addition, the Company intends to invest approximately $2.0 million for the national network expansion projects that it recently announced. These projects include capacity expansions to its metro networks in New York / New Jersey and Los Angeles, a capacity expansion to its metro Ethernet network and extending its network reach to the new markets of Chicago, Miami and San Francisco.

As of June 30, 2008, FiberNet had total assets of $68.6 million and total stockholders' equity of $38.2 million. As of August 5, 2008, the Company had approximately 7.4 million shares of common stock outstanding, or 8.2 million shares of common stock outstanding on a fully-diluted basis, assuming the exercise of all outstanding options and warrants. Of the approximately 0.7 million outstanding options and warrants, 0.1 million are out-of-the-money as of August 5, 2008.

The Company presents the financial metric EBITDA (as defined) because it is utilized in the determination of the majority of the financial covenants in its credit agreement, and the metric is calculated in accordance with its credit agreement. As of June 30, 2008, FiberNet was in full compliance with all of the financial covenants in its credit agreement.

FiberNet Teleconference:

FiberNet will hold a teleconference today, Tuesday, August 5, 2008, at 11:00 a.m. EDT. To participate in the teleconference please call: 866-202-1971 and enter pass code 51492232, and from outside the U.S. call 617-213-8842 and enter the pass code.

A replay of the teleconference will be available beginning Tuesday, August 5, 2008 at 1:00 p.m. EDT through Tuesday, August 19, 2008. To listen to the replay by phone, call 888-286-8010 and enter pass code 91573459, and from outside the U.S. call 617-801-6888 and enter the pass code.

About FiberNet Telecom Group, Inc.

FiberNet Telecom Group, Inc. owns and operates integrated interconnection facilities and diverse transport routes in the two gateway markets of New York / New Jersey and Los Angeles, designed to provide comprehensive broadband interconnectivity enabling the exchange of traffic over multiple networks. FiberNet's customized connectivity infrastructure provides an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks. For additional information about FiberNet, visit the company's website at http://www.ftgx.com/.

Financial Information and Forward-Looking Statements:

This partial discussion of the statements of financial condition and operations of the Company should be read in conjunction with the consolidated financial statements and related notes contained in the Company's annual report on Form 10-K for the year ended December 31, 2007 as filed with the Securities and Exchange Commission on March 28, 2008.

Investors are cautioned that EBITDA (as defined) is not a financial measure under generally accepted accounting principles. EBITDA (as defined) is defined as net loss before income taxes, net interest expense, depreciation and amortization, stock related expense and other non-cash or non-recurring charges. The Company does not, nor does it suggest investors should, consider such a non-GAAP financial measure in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. EBITDA (as defined) should not be construed as an alternative to operating income or cash flows from operating activities, both of which are determined in accordance with GAAP, or as a measure of liquidity. Because it is not calculated under GAAP, FiberNet's EBITDA (as defined) may not be comparable to similarly titled measures used by other companies. EBITDA (as defined) is commonly used in the communications industry and by financial analysts, and others who follow the industry, as a measure of operating performance. The Company believes that it is appropriate to present this financial measure because certain of the financial covenants in the Company's credit agreement are based upon it.

Various remarks about the Company's future expectations, plans and prospects constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Such remarks are valid only as of today, and the Company disclaims any obligation to update this information. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Reconciliation of Non-GAAP Financial Metric: Consolidated Financial Data (in thousands) (unaudited) Three Months Ended ----------------------------------------------- June 30, June 30, March 31, 2008 2007 2008 ------------- ------------- ------------ Calculation of EBITDA (as defined): Net loss $ (667) $ (1,040) $ (614) Plus: Operating expenses: Stock related expense for selling, general, and administrative matters 580 227 347 Depreciation and amortization 2,549 2,342 2,439 Interest expense, net 362 348 370 ---------- ----------- --------- EBITDA (as defined) $ 2,824 $ 1,877 $ 2,542 FIBERNET TELECOM GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (in thousands, except for per share amounts) Six months Ended June 30, -------------------------- 2008 2007 ----------- ----------- Revenues $ 27,960 $ 23,695 Operating expenses: Cost of services (exclusive of items shown separately below) 14,283 12,164 Selling, general and administrative expense 9,238 8,305 Depreciation and amortization 4,988 4,639 ----------- ----------- Total operating expenses 28,509 25,108 ----------- ----------- Loss from operations (549) (1,413) Loss on early extinguishment of debt - (1,146) Interest income 69 114 Interest expense (801) (992) ----------- ------------ Net loss $ (1,281) $ (3,437) =========== ============ Net loss per share -- basic and diluted $ (0.17) $ (0.47) Weighted average common shares outstanding -- basic and diluted 7,540 7,312 FIBERNET TELECOM GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) Three months ended June 30, ------------------------- 2008 2007 ---------- ----------- Revenues $ 14,405 $ 12,060 Operating expenses: Cost of services 7,394 6,266 Selling, general and administrative expense 4,767 4,145 Depreciation and amortization 2,549 2,342 ---------- ----------- Total operating expenses 14,710 12,753 ---------- ----------- Loss from operations (305) (693) Interest income 23 51 Interest expense (385) (398) ---------- ----------- Net loss $ (667) $ (1,040) ========== =========== Net loss per share -- basic and diluted $ (0.09) $ (0.14) Weighted average common shares outstanding -- basic and diluted 7,501 7,353 FIBERNET TELECOM GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) June 30, December 31, 2008 2007 ---------- ------------ (unaudited) ASSETS Current Assets: Cash and cash equivalents $ 6,145 $ 8,220 Accounts receivable, net of allowance of $361 4,340 3,818 Prepaid expenses 693 612 ---------- ----------- Total current assets 11,178 12,650 Property, plant and equipment, net 54,112 54,921 Other Assets: Deferred charges, net of accumulated amortization of $261 and $160 767 845 Goodwill 1,613 1,613 Other assets 950 883 ---------- ----------- Total other assets 3,330 3,341 ---------- ----------- TOTAL ASSETS $ 68,620 $ 70,912 ========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 4,121 $ 3,553 Accrued expenses 5,088 7,227 Notes payable, current portion 1,400 700 Deferred revenues, current portion 1,191 1,282 ---------- ----------- Total current liabilities 11,800 12,762 Long Term Liabilities: Notes payable 12,600 13,300 Deferred revenue, long term 3,557 3,351 Other long term liabilities 2,488 2,201 ---------- ----------- Total Long Term Liabilities 18,645 18,852 ---------- ----------- Total Liabilities 30,445 31,614 Stockholders' Equity: Common stock, $0.001 par value, 2,000,000,000 shares authorized and 7,469,506 and 7,554,309 shares issued and outstanding 7 8 Additional paid-in-capital 445,440 445,368 Deferred rent (warrants) (1,299) (1,386) Accumulated deficit (405,973) (404,692) ---------- ----------- Total stockholders' equity 38,175 39,298 ---------- ----------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 68,620 $ 70,912 ========== =========== FIBERNET TELECOM GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (in thousands) Six months ended June 30, ----------------------- 2008 2007 ---------- ---------- Cash flows from operating activities: Net loss $ (1,281) $ (3,437) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 4,988 4,639 Stock related expense 928 454 Deferred rent expense 87 87 Loss on early extinguishment of debt -- 1,146 Other non-cash items 99 269 Change in assets and liabilities: (Increase) decrease in accounts receivables (522) 628 Increase in prepaid expenses (81) (49) (Increase) decrease in other assets (130) 38 Increase (decrease) in accounts payable 382 (820) Increase (decrease) in accrued expenses and other long-term liabilities 170 (315) Increase (decrease) in deferred revenues 115 (571) ---------- ---------- Cash provided by operating activities 4,755 2,069 Cash flows from investing activities: Common stock repurchases (2,470) -- Capital expenditures (4,338) (1,586) ---------- ---------- Cash used in investing activities (6,808) (1,586) Cash flows from financing activities: Proceeds from debt financings -- 14,000 Proceeds from warrant exercises -- 626 Repayment of debt financings -- (14,160) Payment of financing costs of debt financings (22) (1,067) ---------- ---------- Cash used in financing activities (22) (601) ---------- ---------- Net decrease in cash and cash equivalents (2,075) (118) Cash and cash equivalents at beginning of period 8,220 6,802 ---------- ---------- Cash and cash equivalents at end of period $ 6,145 $ 6,684 ========== ========== Supplemental disclosures of cash flow information: Interest paid $ 810 $ 1,021

FiberNet Telecom Group, Inc.

CONTACT: Norma I. Salcido, Director, Marketing and Communications,
FiberNet Telecom Group, Inc., +1-212-405-6200, norma.salcido@ftgx.com

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

Qiao Xing Universal Telephone, Inc. Announces 2008 First Quarter Financial Results

HUIZHOU, Guangdong, China, Aug. 5 /Xinhua-PRNewswire-FirstCall/ -- Qiao Xing Universal Telephone, Inc. today announces its un-audited financial results for the three months ended March 31, 2008.

Highlights -- Net sales: RMB 764.4 million (USD 109.0 million) versus RMB 870 million for the year-ago period -- Gross profit: RMB 214.0 million (USD 30.5 million) versus RMB 191.8 million for the year-ago period -- Gross margin: 28.0% of net sales versus 22.0% for the year-ago period -- Income from operations: RMB 158.6 million (USD 22.6 million) versus RMB 145.0 million for the year-ago period -- Net results: net income of RMB 46.2 million (USD 6.6 million) versus net loss of 97.5 million for the year-ago period -- Basic earnings per share of common stock of RMB 1.20 (USD 0.17) versus basic loss per share of RMB 3.29 for the year-ago period

Mr. Wu Rui Lin, Chairman of XING, said, "In an environment of intense competition in the market and a general decline in financial results in the industry, we held our own and maintained our earnings at a reasonable level. Our subsidiary CEC Telecom Company, Limited ('CECT') continues to be successful in the implementation of its strategy of differentiation in product portfolio renewal and in distribution channels in the mobile phone handset business. Sales volume of its mobile phone handsets increased 12.4% compared to the first quarter of 2007. Although sales revenue from the sale of CECT-branded handsets decreased in spite of the increase in sales volume, gross margin increased to a high level of 31.4% of revenue in the first quarter of 2008. Gross profit and income from operations of the CECT-branded handset business increased 14.1% and 13.3% respectively from the same period last year. The volume of unit shipment of COSUN-branded mobile phone handsets increased 40.0% compared to the same period last year. Sales revenue from our indoor phone business increased 44.4% from the same period last year.

"Our after-tax income may be adjusted higher if our subsidiary CECT continues to qualify for a preferential tax rate of 15.0% as a 'High-technology Enterprise' after the new PRC tax law came into force. In the absence of any confirmation that CECT will continue to qualify for the preferential tax rate of 15.0% under the new tax law, we have applied the current enacted income tax rate of 25.0% to determine the income tax expense of CECT for the three months ended March 31, 2008. We expect that CECT will get the confirmation whether it will continue to qualify as a 'High-technology Enterprise' in the second half of 2008 or sometime next year."

First Quarter 2008 Results

Revenue was RMB 764.4 million (USD 109.0 million) in the first quarter of 2008, compared to RMB 870.2 million for the same period of 2007. The sales revenue was primarily contributed by our major subsidiary CEC Telecom Company, Limited, which is in the mobile phone handset business with its 'CECT' brand and 'VEVA' brand.

For CECT, in the first quarter of 2008, handset shipments were approximately 846,000 units, representing an increase of 12.4% compared to 753,000 units in the first quarter of 2007. The increase in CECT-branded handset shipments compared to the same period of last year was primarily due to the increased shipment of CECT's higher-margin C3100 flashlight phone and the W100 wristwatch phone. CECT sold 316,000 units of the C3100 handset and 117,000 units of the W100 handset in the first quarter of 2008. CECT also sold 153,000 units of its T300 analog TV phone and the T150 phone that features fingerprint recognition and a sleek metal casing.

The shipment of our Cosun-branded mobile phone was 230,000 units, an increase of 40.0 % from the first quarter of 2007. However, the effect of the increase in sales volume on the sales revenue was not enough to make up for that of the decrease in the average selling price, resulting in a decrease of around RMB 16.6 million (USD 2.4 million) in sales revenue compared with the first quarter of 2007. The decrease in the average selling price was due primarily to our focus on low-end mobile phones since the second quarter of 2007, and to a lesser extent also to the Chinese New Year sale of the popular Model 2188 at a highly discounted price to our employees and their relatives as a staff benefit.

Sales revenue for the indoor phone business increased 44.4% from the same period last year, mainly owing to increased sales of higher-end products such as wireless fixed indoor phone sets.

Gross profit was RMB 214.0 million (USD 30.5 million) in the first quarter of 2008, or 28.0% of the revenue, which was an increase from a gross profit of RMB 191.8 million, or 22.0% of the revenue, in the first quarter of 2007.

The improvement in gross margin was primarily due to an increase in the sales of higher-margin differentiated CECT-branded mobile phone handsets produced by CECT, such as the C3100, W100 and T150. In addition, CECT was able to obtain a higher margin on the sale of its C3100, T150 and T300 models through the use of a TV infomercial arrangement through which CECT sells the handsets to infomercial companies at a higher price. In return, CECT bore the airtime and logistic costs.

Income from operations amounted to RMB 158.6 million (USD 22.6 million) for the first quarter of 2008 compared to RMB 145.0 for the same period in 2007.

Qiao Xing Universal Telephone, Inc. Condensed Consolidated Income Statement for the First Quarter of 2008 2008 first 2008 first quarter quarter Un-audited Un-audited RMB '000 USD '000 Net sales 764,422 109,016 Cost of goods sold -550,442 -78,500 Gross profit 213,980 30,516 Gross margin 28.0% 28.0% Operating expenses -55,365 -7,895 Income from operations 158,615 22,621 Operating margin 20.7% 20.7% Non-operating income less expenses -21,852 -3,116 Income before income tax and minority interests 136,764 19,504 Income tax expense -42,550 -6,068 Income before minority interests 94,213 13,436 Minority interests -48,026 -6,849 Net income 46,187 6,587 Distributed and undistributed earnings Distributed earnings -- -- Undistributed earnings 46,187 6,587 Total earnings 46,187 6,587 Allocation of undistributed earnings To participatory convertible notes 9,172 1,308 To common stock 37,015 5,279 Total undistributed earnings 46,187 6,587 Basic earnings per share of common stock Distributed earnings -- -- Undistributed earnings RMB 1.20 USD 0.17 Total basic earnings per share of common stock RMB 1.20 USD 0.17 Diluted earnings per share of common stock N/A N/A Weighted average number of shares outstanding -- basic 30,949,000 30,949,000 Weighted average number of shares outstanding -- diluted N/A N/A Included in operating expenses were non-cash charges relating to share-based compensation and amortization of acquired intangible assets. Included in non-operating expenses were non-cash interest charges relating to amortization of discount on convertible notes. Had the above non-cash charges been excluded, the net income and the basic earnings per share as adjusted would have been RMB 77.1 million (USD 11.0 million) and RMB 2.00 (USD 0.29), respectively, for the first quarter of 2008. Reconciliation of GAAP to Non-GAAP Financial Measures Three Months Ended March 31, 2008 Net income Basic EPS Un-audited Un-audited (RMB'000) (RMB) GAAP results, three months ended March 31, 2008 46,187 1.20 Non-GAAP adjustments: Share-based compensation expenses (net of minority interests) 2,671 0.07 Expenses relating to the amortization of acquired intangible assets (net of minority interests) 3,811 0.10 Non-cash interest expenses relating to the amortization of discount on convertible notes 24,452 0.63 Total non-GAAP adjustments 30,934 0.80 Non-GAAP results, three months ended March 31, 2008 77,121 2.00 Outlook

Our subsidiary CECT has an exciting product pipeline which includes a number of models under the luxury "VERA" brand. As for our indoor phone business and our COSUN-branded mobile phone business, we maintain our forecast that their revenue will grow at a yearly rate of about 30%, with the launch of a series of quality and differentiated products and marketing campaigns planned for the second half of 2008.

About Qiao Xing Universal Telephone, Inc.

Qiao Xing Universal Telephone, Inc. is one of China's largest manufacturers and distributors of telecommunications products in China. QXUT's product portfolio includes telecommunications terminals and related products, including fixed wireless phones, VoIP telephones, mobile handsets, PDAs and consumer electronic products, including MP3 players, cash registers and set-top-box products. The Company primarily conducts its business through its operating subsidiaries CEC Telecom Co., Ltd (CECT), and Huizhou Qiao Xing Communication Industry Co., Ltd (HZQXCI), a company engaged in R&D and distribution of indoor telephone sets and economy mobile phones under the COSUN brand. The Company Group has built a strong distribution network comprised of more than 5,000 retail stores throughout China and has established partnerships with major retailers in Europe, North America and Latin America, including Bellsouth and Wal-Mart. For more details, please visit http://www.cosun-xing.com/ .

Safe Harbor Statement

This announcement contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements can be identified by words or phrases such as "aim," "anticipate," "believe," "continue," "estimate," "expect," "intend," "is /are likely to," "may," "plan," "potential," "will" or other similar expressions. Statements that are not historical facts, including statements about Qiao Xing Universal's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Information regarding these factors is included in our filings with the Securities and Exchange Commission. Qiao Xing Universal does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of August 05, 2008, and Qiao Xing Universal undertakes no duty to update such information, except as required under applicable law.

For more information, please contact: Rick Xiao Qiao Xing Universal Telephone, Inc. Tel: +86-752-2820268 Email: rick@qiaoxing.com

Qiao Xing Universal Telephone, Inc.

CONTACT: Rick Xiao of Qiao Xing Universal Telephone, Inc., +86-752-
2820268, or rick@qiaoxing.com

Web site: http://www.cosun-xing.com/

Powell Industries Announces Fiscal 2008 Third Quarter Earnings Release and Conference Call Schedule

HOUSTON, July 29 /PRNewswire-FirstCall/ -- Powell Industries, Inc. , a leading manufacturer of equipment and systems for the control, distribution and management of electrical and other dynamic processes, today announced that it plans to release fiscal 2008 third quarter results on Wednesday, August 6, 2008 at 6:00 a.m. eastern time. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live over the Internet, for Wednesday, August 6, 2008 at 11:00 a.m. eastern time.

What: Powell Industries Third Quarter Earnings Conference Call When: Wednesday, August 6, 2008 - 11:00 a.m. eastern time /10:00 a.m. central time How: Live via phone by dialing 303-262-2142 and asking for the Powell Industries call at least 10 minutes prior to the start time, or live over the Internet by logging on to the web at the address below Where: http://www.powellind.com/

A telephonic replay of the conference call will be available through August 13, 2008 and may be accessed by calling 303-590-3000 using passcode 11117714#. A web cast archive will also be available at http://www.powellind.com/ shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&E at 713-529-6600 or email dmw@drg-e.com.

Powell Industries, Inc., headquartered in Houston, designs, manufactures and packages systems and equipment for the control, distribution and management of electrical energy and other dynamic processes. Powell provides products and services to large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, commuter railways and other vehicular transportation facilities. For more information, please visit http://www.powellind.com/.

Contacts: Don R. Madison, CFO Powell Industries, Inc. 713-947-4422 Ken Dennard / ksdennard@drg-e.com Karen Roan / kcroan@drg-e.com DRG&E / 713-529-6600

Powell Industries, Inc.

CONTACT: Don R. Madison, CFO of Powell Industries, Inc.,
+1-713-947-4422; or Ken Dennard, ksdennard@drg-e.com, or Karen Roan,
kcroan@drg-e.com, both of DRG&E, +1-713-529-6600, for Powell Industries, Inc.

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

Qualcomm and HuaQin Sign a CDMA2000 Subscriber Unit License Agreement

SAN DIEGO, Aug. 5 /PRNewswire-FirstCall/ -- Qualcomm Incorporated , a leading developer and innovator of advanced wireless technologies and data solutions, and Shanghai HuaQin Telecom Technology Co. Ltd. (HuaQin), today announced that they have entered into a subscriber unit license agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted HuaQin a worldwide license under its patent portfolio to develop, manufacture and sell CDMA2000(R) subscriber units and modem cards (including Printed Circuit Board (PCB) Assemblies for sale to other device suppliers). The royalties payable by HuaQin are at Qualcomm's standard rates.

"The development of the CDMA wireless industry in China is providing a great deal of growth opportunities to local companies and operators," said Marvin Blecker, president of Qualcomm Technology Licensing. "This license agreement with HuaQin, a Chinese company founded in June 2005 and dedicated to research and development of telecom products, will enable them to introduce advanced 3G CDMA2000 products into the growing CDMA market in China, thereby fulfilling HuaQin's goal of offering the most efficient, high-quality phones to their customers."

"HuaQin is excited by the opportunities made available by Qualcomm's 3G CDMA technology and will apply our resources to quickly begin offering advanced 3G CDMA2000 products to our customers," said Wensheng Qiu, president of HuaQin. "The license from Qualcomm, a company known for its continuous innovation and support for the wireless industry, will allow us to offer our customers devices with increased capabilities and high data rates while bringing down consumer prices."

Shanghai HuaQin Telecom technology Co. Ltd, a high technology company, specializes in researching and developing mobile ultimate products. HuaQin provide its clients with leading products and technology and offers them the most efficient service with high quality.

Qualcomm Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 30, 2007, and most recent Form 10-Q.

Qualcomm is a registered trademark of Qualcomm Incorporated. CDMA2000 is a registered trademark of the Telecommunications Industry Association (TIA USA). All other trademarks are the property of their respective owners.

Qualcomm Contacts: Emily Kilpatrick, Corporate Communications Phone: 1-858-845-5959 Email: corpcomm@qualcomm.com John Gilbert, Investor Relations Phone: 1-858-658-4813 Email: ir@qualcomm.com HuaQin Contacts: Wensheng Qiu Phone: 86-21-61651266 Email: heshiying@huaqin.com

Qualcomm Incorporated

CONTACT: Emily Kilpatrick, Corporate Communications, +1-858-845-5959,
corpcomm@qualcomm.com, or John Gilbert, Investor Relations, +1-858-658-4813,
ir@qualcomm.com, both of Qualcomm Incorporated; or Wensheng Qiu of HuaQin,
86-21-61651266, heshiying@huaqin.com

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

MediaFLO USA and ESPN Mobile TV Bring the Thrill of Live NASCAR Racing to AT&T and Verizon Wireless Phones- Award-winning Mobile TV Service Delivers Live Video Coverage on ESPN Mobile TV, August 5 - August 31, 2008 -

SAN DIEGO, Aug. 5 /PRNewswire-FirstCall/ -- ESPN and MediaFLO USA, a wholly owned subsidiary of Qualcomm Incorporated , will bring racing fans the thrilling speed, sounds and excitement of NASCAR live to mobile phones, August 5 - August 31. MediaFLO USA's award-winning mobile TV service is available to AT&T subscribers as AT&T Mobile TV with FLO and to Verizon Wireless customers as V CAST Mobile TV.

Adding to their exciting summer sports programming, MediaFLO USA and ESPN will air live race coverage of the NASCAR Nationwide Series, as well as six Sprint Cup Series races on ESPN Mobile TV, giving NASCAR fans the opportunity to follow the heart-pumping action of some of the summer's most exciting racing events. Upcoming Sprint Cup races include (all times Eastern on ESPN Mobile TV):

-- Centurion Boats at the Glen (Watkins Glen International) - 1 p.m., Sunday, August 10 -- 3M Performance 400 (Michigan International Speedway) - 1 p.m., Sunday, August 17 -- Sharpie 500 (Bristol Motor Speedway) - 7 p.m., Saturday, August 23 -- Pepsi 500 (Auto Club Speedway) - 7 p.m., Sunday, August 31

Upcoming Nationwide Series races include (all times Eastern on ESPN Mobile TV):

-- Carfax 250 (Michigan International Speedway) - 3 p.m., Saturday, August 16 -- Food City 250 (Bristol Motor Speedway) - 7:30 p.m., Friday, August 22

Complete NASCAR programming schedules are available on http://www.flotv.com/. Programming is subject to change.

"Together with ESPN, we are thrilled to give NASCAR fans the chance to watch all the excitement of the racetrack live on their mobile phones," said Jonathan Barzilay, senior vice president, programming and advertising, MediaFLO USA. "NASCAR fans won't miss a lap of the action."

In addition to NASCAR, MediaFLO USA will continue to bring sports fans an unrivalled array of high-quality sports programming from CBS, ESPN, FOX and NBC Sports on NBC 2Go throughout the year. Since launching service with V CAST Mobile TV from Verizon Wireless in March 2007, MediaFLO USA has delivered more than 3,000 hours of live sports coverage. MediaFLO USA also will feature several not-to-be-missed sports events throughout the summer. Stay tuned for programming details throughout the summer.

Available to consumers as AT&T Mobile TV with FLO and to Verizon Wireless subscribers as V CAST Mobile TV, the service features an impressive lineup of primetime, news, entertainment and children's content from leading entertainment brands such as CBS, CBS College Sports, CBS News, Comedy Central, ESPN, FOX, FOX News, FOX Sports, MTV, NBC 2GO, NBC, NBC Sports, NBC News, CNBC, MSNBC, NickToons and Nickelodeon. Recent programming highlights include "CSI" (CBS Mobile), "The Hills" and "Real World: Hollywood Season 20" (MTV), "Bones" (FOX Mobile), NBC's "30 Rock" and more.

All programs are available to AT&T and Verizon Wireless subscribers in 58 major metropolitan areas nationwide, including Atlanta, Chicago, Dallas, Las Vegas, Los Angeles, New York, San Diego, Seattle and Washington, D.C., among others. Consumers can learn more about the service by visiting http://www.flotv.com/, http://www.mediaflousa.com/, http://www.att.com/mobiletv or http://www.verizonwireless.com/mobiletv, or by stopping by local AT&T stores or Verizon Wireless Communications Stores.

About MediaFLO USA Inc.

MediaFLO USA Inc. unleashes the power of TV for mobile consumers, combining the best content, an intuitive user interface and a superior multicast network to deliver a true TV experience. The award-winning FLO TV service from MediaFLO USA offers full-length simulcast and time-shifted programming from the world's best entertainment brands, including CBS, CBS College Sports, CBS News, Comedy Central, ESPN, FOX, FOX News, FOX Sports, MTV, NBC 2Go, NBC, NBC Sports, NBC News, CNBC, MSNBC, NickToons and Nickelodeon. Based in San Diego, Calif., MediaFLO USA is a wholly owned subsidiary of Qualcomm Incorporated. Further information is available at both http://www.mediaflousa.com/ and http://www.flotv.com/.

Qualcomm is a registered trademark of Qualcomm Incorporated. MediaFLO, MediaFLO USA, FLO, with FLO, and FLO TV are trademarks of Qualcomm Incorporated. All other trademarks are the property of their respective owners.

Qualcomm Contacts: Melinda Hutcheon, MediaFLO USA Inc. Phone: 1-858-651-7334 Email: melindah@mediaflousa.com Emily Kilpatrick, Corporate Communications Phone: 1-858-845-5959 Email: corpcomm@qualcomm.com John Gilbert, Investor Relations Phone: 1-858-658-4813 Email: ir@qualcomm.com

Qualcomm Incorporated

CONTACT: Melinda Hutcheon of MediaFLO USA Inc., +1-858-651-7334,
melindah@mediaflousa.com; or Emily Kilpatrick, Corporate Communications,
+1-858-845-5959, corpcomm@qualcomm.com, or John Gilbert, Investor Relations
+1-858-658-4813, ir@qualcomm.com, both of Qualcomm Incorporated

Web site: http://www.qualcomm.com/
http://www.mediaflousa.com/
http://www.flotv.com/
http://www.att.com/mobiletv
http://www.verizonwireless.com/mobiletv

Numerex Reports Second Quarter 2008 Financial ResultsCompany Grows M2M Service Revenues by 49% Year over Year, Ends Quarter with Record 617,000 Network Connections

ATLANTA, Aug. 5 /PRNewswire-FirstCall/ -- Numerex Corp. , a leading provider of full-service, highly secure machine-to-machine (M2M) network services and solutions, today announced financial results for the second quarter 2008 reporting a net loss of $183,000 or $0.01 per basic and diluted share. This compares to a net loss of $323,000 or $0.02 per basic and diluted share for the comparable period in 2007. Net loss for the second quarter of 2008 excluding non-cash stock based compensation and the amortization expense related to acquisitions ("non-GAAP earnings) was $101,000 compared to a loss of $118,000 for the same quarter in 2007 using the equivalent non-GAAP earnings measurement. Basic and diluted earnings per share using non-GAAP earnings would have been ($0.01) for the second quarter of 2008. All non-GAAP information is reconciled to U.S. GAAP in the Non-GAAP Condensed Consolidated Statement of Operations table attached.

M2M service revenues grew 49% in the quarter to $6.2 million from the $4.2 million reported in the second quarter of 2007. The Company ended the second quarter with 617,000 network connections, a 68% increase over the second quarter of last year. For the first six months of this year, M2M service revenues grew to $12.3 million, a 52% improvement over the same period last year. Overall, the Company posted a 32% growth rate in its M2M business for the six months and 13% for the second quarter when compared to the same periods last year. This includes hardware sales that were essentially flat year over year in a quarterly comparison and grew 23% for the comparable year over year six-month period. This was primarily due to the near-completion of an analog to digital technology transition that began early last year and continues, but at a much slower pace, as anticipated.

Total net revenues for the quarter were $17.4 million compared to $15.2 million reported for the same quarter last year, representing 15% year over year growth and $37.9 million for the first six months of 2008, a growth rate of 29% over the same period last year. M2M comprised almost 90% of the Company's total revenues for the quarter and 93% for the six-month period with the balance derived from the Company's Digital Multimedia and Networking Group.

"We are pleased with the growth in our core M2M network services and connection base," said Stratton Nicolaides, Numerex chairperson and CEO. "While we continue to experience strong demand in our M2M business, we have taken measures to safeguard our balance sheet during this period of economic uncertainty and volatile capital markets by tightening credit, particularly for hardware-only sales, while we intensify our efforts to increase our network connections and recurring service revenues. We believe the heightened demand for low-margin hardware created by the analog to digital transition during 2007 and this year is substantially behind us. And, even though demand for certain hardware and module components has softened, our opportunity funnel and sales pipeline for our core M2M network services remains solid."

Key financial results for the second quarter of 2008 and 2007 are as follows:

Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenues ('000) $17,425 $15,170 $37,880 $29,356 Net earnings (loss) ('000) ($183) ($323) ($400) $104 Net EPS ($0.01) ($0.02) ($0.03) $0.01 Non-GAAP earnings (loss) ('000) ($101) ($118) ($61) $368 Non-GAAP EPS ($0.01) ($0.01) $0.00 $0.03 Key business highlights include:

-- The launch of a portal to simplify device management and network provisioning for the Company's SMSXpress and GPRSXpress services. This web- based portal significantly eases the deployment and management of devices deployed on Numerex's digital M2M networks.

-- The only M2M provider to receive three gold Value Chain awards at the recent industry leading M2M United conference. These awards were for the provision of both network services and, in certain cases, hardware to three enterprises, which enabled and maximized their M2M applications.

-- The announcement by GE Security that they ended the quarter with more than 170,000 Active Key devices in use with additional deployments forecast through the balance of the year.

The Company's satellite division improved its performance in the second quarter of 2008 generating a pre-tax loss of over $400,000 in the second quarter of 2008, which compared to a loss of $750,000 in the first quarter of this year. The Company added personnel late in the second quarter to replace management and improve the division's performance during the second half of this year.

Gross margins for the second quarter of 2008 were 36.0% percent compared to 31.1% for the comparable period in 2007 and 31.6% for the first quarter of 2008. The year-over-year as well as the sequential quarterly improvement in gross margins is due to two factors. The first is a change in the overall revenue mix. In the prior sequential quarter as well as the second quarter in 2007, service revenues were 33% of total revenues compared to 40% in the second quarter of 2008. This increase drives an overall margin improvement since service revenues have a significantly higher gross margin than those achieved through the sale of hardware. In addition, hardware margins improved in the second quarter because of significantly lower unit sales of low-margin hardware related to the analog-to-digital transition and an increase in higher margin digital multimedia and satellite unit sales.

Operating expenses were $6.4 million for the current quarter compared to $4.9 million incurred during the second quarter of 2007 and $6.4 million for the first quarter of 2008. Operating expenses increased year-over-year primarily due to both the acquisition of the satellite business as well as increases in marketing expenses and costs associated with hiring new salespeople. The satellite M2M unit operating expenses were $1.0 million for the second quarter of 2008 including legal fees incurred in connection with an action filed by the division's former manager, more fully described in the Company's SEC filings. In accordance with Financial Accounting Standard No. 123 (R), the Company recorded non-cash stock option compensation costs of $284,000 in the second quarter of 2008 compared to $237,000 in the same quarter in 2007.

The Company's balance sheet remains solid with $6.2 million in cash and $17.4 million in working capital. The current ratio as of June 30, 2008 was 2.1 to 1, which improved from the prior sequential quarter of 1.9 to 1. Shareholder's equity increased 3.5% to $48.9 million compared to $46.9 as of December 31, 2007.

Mr. Nicolaides continued, "Despite the continued growth in our business, it is becoming increasingly difficult to forecast M2M revenues. At this time, we cannot affirm our overall M2M revenue growth estimates of 30 to 40% until we can more clearly determine the potential impact of current economic conditions. Yet, in spite of this uncertainty, we expect improved financial performance in the second half of the year as a result of a change in the mix of hardware and service revenues, a reduction in overheads and continued cost control."

Conference Call and Web cast Information

Numerex will conduct a conference call on August 5th at 11:00 A.M., Eastern Daylight Time, accessible from the US & Canada by calling (866) 885- 0439 or fir international callers, (904) 596-2360. A live web cast of the call will also be available via the Numerex web site at http://www.numerex.com/, under the Investor Relations section. A replay of the conference call will be available on Numerex web site beginning two hours after the call.

About Numerex

Numerex Corp. offers the broadest choice of secure machine-to-machine (M2M) network services and solutions. Numerex delivers a depth of expertise and excellence through its M2M service platforms - Networx, Techworx, and Flexworx - that leading companies choose to power their M2M solutions. Numerex is the first M2M Company in North American to carry ISO/IEC 27001:2005 certification - ISO's highest information security benchmark to ensure data integrity and security. The Company offers its M2M products and services through a variety brands including Uplink and Orbit One. Numerex is headquartered in Atlanta, Georgia. For additional information, visit http://www.numerex.com/

This press release contains, and other statements may contain, forward-looking statements with respect to Numerex future financial or business performance, conditions or strategies and other financial and business matters, including expectations regarding growth trends and activities in the wireless data business. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "assume," "strategy," "plan," "outlook," "outcome," "continue," "remain," "trend," and variations of such words and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may," or similar expressions. Numerex cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements and future results could differ materially from historical performance.

The following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: our inability to reposition our platform to capture greater recurring service revenues, difficulties associated with integrating Orbit One's business, the risks that a substantial portion of Orbit One's revenues are derived from government contracts that may be terminated by the government at any time, variations in quarterly operating results, delays in the development, introduction, integration and marketing of new wireless services; customer acceptance of services; economic conditions; changes in financial and capital markets; the inability to attain revenue and earnings growth in our wireless data business; changes in interest rates; inflation; the introduction, withdrawal, success and timing of business initiatives and strategies; competitive conditions; the inability to realize revenue enhancements; and extent and timing of technological changes. Numerex SEC reports identify additional factors that can affect forward-looking statements.

Numerex Corp. Contact: Alan Catherall 770 485-2527 Investor Relations Contact: Brett Maas 646 536-7331 Numerex Corp. Condensed Consolidated Statement of Operations (In thousands, except per share data) (Unaudited) Three Months Ended June 30, 2008 2007 Change % Change Net sales: Hardware $ 10,490 $ 10,113 $377 4% Service 6,935 5,057 1,878 37% Total net sales 17,425 15,170 2,255 15% Cost of hardware sales 9,014 9,168 (154) -2% Cost of services 2,143 1,282 861 67% Gross Profit 6,268 4,720 1,548 33% 36.0% 31.1% Selling, general, and administrative expenses 5,047 3,866 1,181 31% Research and development expenses 485 334 151 45% Bad Debt Expense 125 162 (37) -23% Depreciation and amortization 766 530 236 44% Operating earnings (loss) (155) (172) 17 -10% Interest expense (407) (356) (51) Nm Other income (expense) (1) (9) 8 Nm Earnings (loss) before tax (563) (537) (26) Nm Provision (benefit) for income tax (380) (214) (166) Nm Net earnings (loss) $(183) $(323) $140 -43% Basic earnings per common share $(0.01) $(0.02) Diluted earnings per common share $(0.01) $(0.02) Number of shares used in per share calculation Basic 13,736 13,156 Diluted 13,736 13,156 Six Months Ended June 30, 2008 2007 Change % Change Net sales: Hardware $24,113 $19,388 $ 4,725 24% Service 13,767 9,968 3,799 38% Total net sales 37,880 29,356 8,524 29% Cost of hardware sales 21,175 16,777 4,398 26% Cost of services 3,982 2,485 1,497 60% Gross Profit 12,723 10,094 2,629 26% 33.6% 34.4% Selling, general, and administrative expenses 10,062 7,480 2,582 35% Research and development expenses 1,015 622 393 63% Bad Debt Expense 263 249 14 6% Depreciation and amortization 1,516 1,020 496 49% Operating earnings (loss) (133) 723 (856) -118% Interest expense (810) (502) (308) nm Other income (expense) (3) (17) 14 nm Earnings (loss) before tax (946) 204 (1,150) nm Provision (benefit) for income tax (546) 100 (646) nm Net earnings (loss) $ (400) $104 $ (504) -485% Basic earnings per common share $(0.03) $0.01 Diluted earnings per common share $(0.03) $0.01 Number of shares used in per share calculation Basic 13,731 13,081 Diluted 13,731 13,780 Numerex Corp. Supplemental Sales Information (in thousands) (unaudited) Three Months Ended Six Months Ended June 30, June 30, Net Sales: 2008 2007 Change 2008 2007 Change M2M Hardware $9,442 $9,661 $(219) $22,862 $18,574 $4,288 Service 6,212 4,176 2,036 12,345 8,133 4,212 Subtotal 15,654 13,837 1,817 35,207 26,707 8,500 Digital Multimedia, Networking and Wireline Security Hardware 1,048 452 596 1,251 813 438 Service 723 881 (158) 1,422 1,836 (414) Subtotal 1,771 1,333 438 2,673 2,649 24 Total Hardware 10,490 10,113 377 24,113 19,387 4,726 Service 6,935 5,057 1,878 13,767 9,969 3,798 Total net sales $17,425 $15,170 $2,255 $37,880 $29,356 $8,524 Numerex Corp. Condensed Consolidated Statement of Operations (In thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended June 30, 2008 June 30, 2008 GAAP Adjust Non-GAAP GAAP Adjust Non-GAAP Results -ments Results Results -ments Results Net sales: Hardware $10,490 $10,490 $24,113 $24,113 Service 6,935 6,935 13,767 13,767 Total net sales 17,425 17,425 37,880 37,880 Cost of hardware sales 9,014 9,014 21,175 21,175 Cost of services 2,143 2,143 3,982 3,982 Gross Profit 6,268 - 6,268 12,723 - 12,723 36.0% 36.0% 33.6% 33.6% Selling, general, and administrative expenses 5,047 (284) 4,763 10,062 (577) 9,485 Research and development expenses 485 485 1,015 1,015 Bad debt expense 125 125 263 263 Earnings before interest, depreciation and amortization 611 284 895 1,383 577 1,960 Depreciation and amortization 766 (130) 636 1,516 (260) 1,256 Operating earnings (loss) (155) 414 259 (133) 837 704 Interest expense (407) (407) (810) (810) Other income (1) (1) (3) (3) Earnings (loss) before tax (563) 414 (149) (946) 837 (109) Provision (benefit) for income tax (380) 332 (48) (546) 498 (48) Net earnings (loss) $(183) $82 $(101) $(400) $339 $(61) Basic earnings (loss) per common share $(0.01) $(0.01) $ (0.03) $ (0.00) Diluted earnings (loss) per common share $(0.01) $(0.01) $ (0.03) $ (0.00) Number of shares used in per share calculation Basic 13,736 13,736 13,731 13,731 Diluted 13,736 13,736 13,731 13,731 (a) These Unaudited non-GAAP Consolidated Statements of Operations are for informational purposes only and are not presented in accordance with U.S. GAAP. The adjustments necessary to provide a direct reconciliation of the non-GAAP to the U.S. GAAP Statement of Operations exclude stock option expense and amortization expense related to the acquisitions of Airdesk Inc. and Orbit One Communications Inc. Numerex Corp. Condensed Consolidated Statement of Operations (In thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended June 30, 2007 June 30, 2007 GAAP Adjust Non-GAAP GAAP Adjust Non-GAAP Results -ments Results Results -ments Results Net sales: Hardware $10,113 $10,113 $19,388 $19,388 Service 5,057 5,057 9,968 9,968 Total net sales 15,170 15,170 29,356 29,356 Cost of hardware sales 9,168 9,168 16,777 16,777 Cost of services 1,282 1,282 2,485 2,485 Gross Profit 4,720 - 4,720 10,094 - 10,094 31.1% 31.1% 34.4% 34.4% Selling, general, and administrative expenses 3,866 (237) 3,629 7,480 (410) 7,070 Research and development expenses 334 334 622 622 Bad debt expense 162 162 249 249 Earnings before interest, depreciation and amortization 358 237 595 1,743 410 2,153 Depreciation and amortization 530 (35) 495 1,020 (56) 964 Operating earnings (loss) (172) 272 100 723 466 1,189 Interest expense (356) (356) (502) (502) Other income (9) (9) (17) (17) Earnings (loss) before tax (537) 272 (265) 204 466 670 Provision (benefit) for income tax (214) 67 (147) 100 202 302 Net earnings (loss) $(323) $205 $(118) $104 $264 $368 Basic earnings (loss) per common share $(0.02) $(0.01) $0.01 $0.03 Diluted earnings (loss) per common share $(0.02) $(0.01) $0.01 $0.03 Number of shares used in per share calculation Basic 13,156 13,156 13,081 13,081 Diluted 13,156 13,156 13,780 13,780 (a) These Unaudited non-GAAP Consolidated Statements of Operations are for informational purposes only and are not presented in accordance with GAAP. The adjustments necessary to provide a direct reconciliation of the non-GAAP to the GAAP Statement of Operations exclude stock option expense and amortization expense related to the acquisitions of Airdesk Inc. NUMEREX CORP. CONDENSED CONSOLIDATED BALANCE SHEET (In thousands) June 30, December 31, 2008 2007 (unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents $6,165 $7,425 Accounts receivable, less allowance for doubtful accounts of $1,252 at June 30, 2008 and $1,009 at December 31, 2007: 14,018 16,396 Inventory 10,468 10,059 Prepaid expenses and other current assets 2,350 1,885 Deferred tax asset 770 770 TOTAL CURRENT ASSETS 33,771 36,535 Property and equipment, net 1,969 2,003 Goodwill, net 26,115 22,603 Other intangibles, net 6,515 6,940 Software, net 3,354 3,486 Other assets - long-term 404 526 Deferred tax asset - long-term 2,489 2,005 TOTAL ASSETS $ 74,617 $ 74,098 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $8,994 $ 10,299 Other current liabilities 2,041 2,311 Notes payable 2,568 2,568 Deferred revenues 2,750 1,328 Obligations under capital leases 40 44 TOTAL CURRENT LIABILITIES 16,393 16,550 LONG TERM LIABILITIES Obligations under capital leases and other long-term liabilities 445 486 Notes payable 8,913 10,197 TOTAL LONG TERM LIABILITIES 9,358 10,683 COMMITMENTS AND CONTINGENCIES - - SHAREHOLDERS' EQUITY Preferred stock - no par value; authorized 3,00,000; none issued - - Class A common stock - no par value, authorized 30,000,000, issued 14,917,305 shares at June 30, 2008 and 14,706,101 shares at December 31, 2007 49,264 47,455 Class B common stock - no par value; authorized 5,000,000; none issued - - Additional paid-in-capital 4,005 3,427 Treasury stock, at cost, 1,185,809 shares on June 30, 2008 and December 31, 2007 (5,053) (5,053) Accumulated other comprehensive income (loss) 8 (6) Accumulated earnings 642 1,042 TOTAL SHAREHOLDERS' EQUITY 48,866 46,865 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 74,617 $ 74,098

Numerex Corp.

CONTACT: Alan Catherall, Numerex Corp., +1-770-485-2527, or Investor
Relations, Brett Maas, +1-646-536-7331

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

Nova Announces 2008 Second Quarter Results

REHOVOT, Israel, August 5 /PRNewswire-FirstCall/ -- Nova Measuring Instruments Ltd. , provider of leading edge stand alone metrology and the market leader of integrated metrology solutions to the semiconductor process control market, today reported its 2008 second quarter financial results.

Highlights for the Second Quarter of 2008 - Total revenues of $11.1 million - Gross margin of 39%; Improvement in services gross margins - Non-GAAP net loss of $0.5 million, or $0.02 per share; GAAP net loss of $1.3 million, or $0.07 per share (including $0.6 million final non-cash impairment charge related to Hypernex acquisition) - Final acceptance of Stand Alone Optical CD systems at two different Fabs in the Asia Pacific region - Placement of additional two Stand Alone Optical CD evaluation systems in the Asia Pacific and Japan regions 2008 Second Quarter Results

Total revenues for the second quarter of 2008 were $11.1 million, a decrease of 25% relative to the second quarter of 2007, and a decrease of 13% relative to the first quarter of 2008.

Gross margin for the second quarter of 2008 was 39%, compared with 46% in the second quarter of 2007, and compared with 40% in the first quarter of 2008. Gross margins declined mainly as a result of the lower product revenues.

Operating expenses in the second quarter of 2008 were $5.7 million, compared with $5.9 million in the second quarter of 2007, and $5.3 million in the first quarter of 2008. Operating expenses for the second quarter of 2008 included $0.6 million final non-cash impairment charge related to its Hypernex acquisition.

On a GAAP basis, the company reported $1.3 million net loss in the second quarter of 2008, or $0.07 per share. This compares to a net income of $1.1 million, or $0.05 per diluted share, for the second quarter of 2007, and breakeven results for the first quarter of 2008.

On a non-GAAP basis, which excludes stock-based compensation, amortization of intangibles and impairment charges, the company reported net loss of $0.5 million, or $0.02 per share, for the second quarter of 2008. This compares with a non-GAAP net income of $1.4 million, or $0.07 per diluted share, in the second quarter of 2007, and a non-GAAP net income of $0.2 million, or $0.01 per diluted share, in the first quarter of 2008.

The company generated $1.6 million in positive cash flow from operating activities during the second quarter of 2008, and total cash reserves at the end of the second quarter of 2008 increased to $21.5 million.

Management Comments

"In view of the downturn being experienced by our industry, our on going cost control measures continued to prove their effectiveness in the current quarter", said Gabi Seligsohn, President and CEO of Nova. "We are continuing to make progress with our penetration of the Stand Alone Optical CD market. During the quarter we concluded successful stand alone evaluations at two different Fabs, and we are now beginning to recognize revenues from the sales of these systems. In parallel to this success, proving the strong capabilities and the growing interest for our stand alone metrology products, we placed new evaluation systems at two additional customer sites."

"Although the current weak market conditions appear likely to persist until the end of the year, we are taking advantage and enhancing our market position by developing new applications and penetrating new customers. We believe that our strong execution and tight cost controls, combined with our solid progress in the Stand Alone Optical CD area, will help us to outperform the industry, and emerge from the downturn a stronger Company, with improved revenue mix and customer presence, and a broader suite of products and applications."

The Company will host a conference call today, August 5, 2008, at 11:00am ET. To participate, please dial in the US: 1-866-345-5855; or internationally: +972-3-918-0610. A recording of the call will be available on Nova's website, within 24 hours following the end of the call.

In addition, the conference call will also be webcast live from a link on Nova's website at http://www.nova.co.il/.

This press release provides financial measures that exclude non-cash charges for inventory write-off, stock-based compensation and impairment charges and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding Nova's performance because they reflect our operational results and enhances management's and investors' ability to evaluate Nova's performance before charges considered by management to be outside Nova's ongoing operating results.

The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management believes that it is in the best interest of its investors to provide financial information that will facilitate comparison of both historical and future results and allows greater transparency to supplemental information used by management in its financial and operational decision making. A reconciliation of each GAAP to non-GAAP financial measure discussed in this press release is contained in the accompanying financial tables.

About Nova

Nova Measuring Instruments Ltd. develops, produces and markets advanced integrated and stand alone metrology solutions for the semiconductor manufacturing industry. Nova is traded on the NASDAQ & TASE under the symbol NVMI. The Company's website is http://www.nova.co.il/.

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products, expected deliveries, transaction, expected revenues, operating results, earnings and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. These risks and other factors include but are not limited to: our dependency on a single integrated process control product line; the highly cyclical nature of the markets we target; our inability to reduce spending during a slowdown in the semiconductor industry; our ability to respond effectively on a timely basis to rapid technological changes; risks associated with our dependence on a single manufacturing facility; our ability to expand our manufacturing capacity or marketing efforts to support our future growth; our dependency on a small number of large customers and small number of suppliers; risks related to our intellectual property; changes in customer demands for our products; new product offerings from our competitors; changes in or an inability to execute our business strategy; unanticipated manufacturing or supply problems; changes in tax requirements; changes in customer demand for our products; risks related to currency fluctuations and risks related to our operations in Israel. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading ``Risk Factors'' in Nova's Annual Report on Form 20-F for the year ended December 31, 2007 filed with the Securities and Exchange Commission on March 28, 2008, as amended. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Nova Measuring Instruments Ltd. does not assume any obligation to update the forward-looking information contained in this press release.

NOVA MEASURING INSTRUMENTS LTD. CONSOLIDATED BALANCE SHEET (U.S. dollars in thousands) As of As of June 30, December 31 2008 2007 CURRENT ASSETS Cash and cash equivalents 13,744 15,324 Short-term interest bearing bank deposits 72 -- Held to maturity securities 5,844 2,251 Trade accounts receivable 5,040 9,146 Inventories 9,473 8,524 Other current assets 1,905 1,703 36,078 36,948 LONG-TERM ASSETS Long-term interest-bearing bank deposits 611 2,245 Long-term investments 1,240 1,562 Held to maturity securities - 1,489 Other Long-term assets 169 169 Severance pay funds 2,719 2,488 4,739 7,953 FIXED ASSETS, NET 3,091 3,484 Total assets 43,908 48,385 CURRENT LIABILITIES Trade accounts payable 4,410 7,482 Deferred income 1,908 1,496 Other current liabilities 6,289 7,310 12,607 16,288 LONG-TERM LIABILITIES Liability for employee severance pay 3,836 3,561 Deferred income 1,042 901 Other long-term liability 56 51 4,934 4,513 SHAREHOLDERS' EQUITY 26,367 27,584 Total liabilities and shareholders' equity 43,908 48,385 NOVA MEASURING INSTRUMENTS LTD. QUARTERLY CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except per share data) Q2-2008 Q1-2008 Q2-2007 REVENUES Product sales 7,496 9,614 12,128 Services 3,594 3,197 2,682 11,090 12,811 14,810 COST OF REVENUES Product sales 3,524 4,488 5,522 Services 3,250 3,157 2,547 6,774 7,645 8,069 GROSS PROFIT 4,316 5,166 6,741 OPERATING EXPENSES Research & Development expenses, net 2,177 1,905 2,203 Sales & Marketing expenses 2,042 2,440 2,528 General & Administration expenses 797 904 1,159 Impairment loss on equipment related to Hypernex assets and liabilities acquisition 633 - - 5,649 5,249 5,890 OPERATING INCOME (LOSS) (1,333) (83) 851 INTEREST INCOME, NET 66 124 220 NET INCOME (LOSS) FOR THE PERIOD (1,267) 41 1,071 Net income (loss) per share: Basic (0.07) 0.00 0.06 Diluted 0.00 0.05 Shares used for calculation of net income (loss) per share: Basic 19,378 19,338 18,904 Diluted 19,541 19,652 NOVA MEASURING INSTRUMENTS LTD. YEAR TO DATE CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except per share data) Six-months ended June 30, 2008 June 30, 2007 REVENUES Product sales 17,110 22,571 Services 6,791 5,606 23,901 28,177 COST OF REVENUES Product sales 8,012 10,390 Services 6,407 5,213 14,419 15,603 GROSS PROFIT 9,482 12,574 OPERATING EXPENSES Research & Development expenses, net 4,082 4,536 Sales & Marketing expenses 4,482 4,726 General & Administration expenses 1,701 3,271 Impairment loss on equipment related to Hypernex assets and liabilities acquisition 633 - 10,898 12,533 OPERATING INCOME (LOSS) (1,416) 41 INTEREST INCOME, NET 190 389 NET INCOME (LOSS) FOR THE PERIOD (1,226) 430 Net income (loss) per share: Basic (0.06) 0.02 Diluted 0.02 Shares used for calculation of net income (loss) per share: Basic 19,356 18,072 Diluted 18,784 NOVA MEASURING INSTRUMENTS LTD. QUARTERLY CONSOLIDATED STATEMENTS OF CASH FLOWS (U.S. dollars in thousands) Three months ended June 30, March 31, June 30, 2008 2008 2007 CASH FLOW - OPERATING ACTIVITIES Net income (loss) for the period (1,267) 41 1,071 Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 315 365 455 Amortization of deferred stock-based compensation 155 164 259 Increase in liability for employee termination benefits, net 68 59 67 Impairment loss on equipment 633 -- -- Net recognized losses (gains) on 2 12 (57) investments Decrease in trade accounts receivables 3,331 775 67 Decrease (increase) in inventories 228 (1,360) (239) Decrease (increase) in other current and long term assets 758 (865) (181) Decrease in trade accounts payables and other long term liabilities (2,415) (652) (1,158) Decrease in current liabilities (974) (225) (4,815) Increase (decrease) in short and long term deferred income 722 (169) 3,404 Net cash from (used in) operating activities 1,557 (1,854) (1,127) CASH FLOW - INVESTMENT ACTIVITIES Decrease (increase) in short-term interest-bearing bank deposits (72) -- 66 Increase in short-term investments -- -- (2,177) Proceeds from held to maturity securities 11,068 2,205 1,574 Proceeds from long-term deposits 696 938 498 Investment in held to maturity securities (9,654) (5,736) (485) Additions to fixed assets (183) (557) (149) Net cash from (used in) investment activities 1,855 (3,150) (673) CASH FLOW - FINANCING ACTIVITIES Shares issued under employee share-based plans -- 12 397 Net cash from financing activities -- 12 397 Increase (decrease) in cash and cash equivalents 3,412 (4,992) (1,403) Cash and cash equivalents - beginning of period 10,332 15,324 7,657 Cash and cash equivalents - end of period 13,744 10,332 6,254 NOVA MEASURING INSTRUMENTS LTD. YEAR TO DATE CONSOLIDATED STATEMENTS OF CASH FLOWS (U.S. dollars in thousands) Six months ended June 30, 2008 June 30,2007 CASH FLOW - OPERATING ACTIVITIES Net income (loss) for the period (1,226) 430 Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 682 892 Amortization of deferred stock-based compensation 319 523 Increase in liability for employee termination benefits, net 127 71 Impairment loss on equipment 633 -- Net recognized losses (gains) on investments 13 (116) Decrease in trade accounts receivables 4,106 1,523 Increase in inventories (1,131) (798) Decrease (increase) in other current and long term assets (107) 71 Decrease in trade accounts payables and other long term liabilities (3,067) (1,330) Decrease in current liabilities (1,199) (4,749) Increase in short and long term deferred income 553 3,321 Net cash used in operating activities (297) (162) CASH FLOW - INVESTMENT ACTIVITIES Decrease (increase) in short-term interest-bearing bank deposits (72) 349 Increase in short-term investments -- (4,777) Proceeds from held to maturity securities 13,273 2,425 Proceeds from long-term deposits 1,634 1,005 Investment in held to maturity securities (15,390) (1,981) Additions to fixed assets (739) (250) Net cash used in investment activities (1,295) (3,229) CASH FLOW - FINANCING ACTIVITIES Shares issued in private placement -- 4,982 Shares issued under employee share-based plans 12 487 Net cash from financing activities 12 5,469 Increase (decrease) in cash and cash equivalents (1,580) 2,078 Cash and cash equivalents - beginning of period 15,324 4,176 Cash and cash equivalents - end of period 13,744 6,254 NOVA MEASURING INSTRUMENTS LTD. DISCLOSURE OF NON-GAAP NET INCOME (LOSS) (U.S. dollars in thousands, except per share data) Three months ended June 30, March 31, June 30, 2008 2008 2007 GAAP Net income (loss) for the quarter (1,267) 41 1,071 Non-GAAP Adjustments: Stock based compensation expenses 155 164 259 Amortization of intangible assets -- -- 109 Impairment loss on equipment related to Hypernex assets and liabilities acquisition 633 -- -- Non-GAAP Net income (loss) for the quarter (479) 205 1,439 Non-GAAP net income (loss) per share: Basic (0.02) 0.01 0.08 Diluted 0.01 0.07 Shares used for calculation of non-GAAP net income (loss) per share: Basic 19,378 19,338 18,904 Diluted 19,541 19,652 Six months ended June 30, June 30, 2008 2007 GAAP Net income (loss) for the quarter (1,226) 430 Non-GAAP Adjustments: Stock based compensation expenses 319 523 Amortization of intangible assets -- 216 Impairment loss on equipment related to Hypernex assets and liabilities acquisition 633 -- Non-GAAP Net income (loss) for the quarter (274) 1,169 Non-GAAP net income (loss) per share: Basic (0.01) 0.06 Diluted 0.06 Shares used for calculation of non-GAAP net income (loss) per share: Basic 19,356 18,072 Diluted 18,784 Company Contact: Dror David, Chief Financial Officer Nova Measuring Instruments Ltd. Tel: +972-8-938-7505 E-mail: info@nova.co.il http://www.nova.co.il/ Investor relations Contacts: Ehud Helft / Kenny Green GK Investor Relations Tel: +1-646-201-9246 E-mail: info@gkir.com

Nova Measuring Instruments Ltd

CONTACT: Company Contact: Dror David, Chief Financial Officer, Nova
Measuring Instruments Ltd., Tel: +972-8-938-7505, E-mail: info@nova.co.il;
Investor relations Contacts: Ehud Helft / Kenny Green, GK Investor Relations,
Tel: +1-646-201-9246, E-mail: info@gkir.com

ECtel Presents Second Quarter Results With 34% Year-over-Year Revenue Increase

ROSH HA'AYIN, Israel, August 5 /PRNewswire-FirstCall/ -- ECtel Ltd. , a leading global provider of Integrated Revenue Management (TM) (IRM(TM)) solutions, today reported financial results for the second quarter of 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/FLTU015LOGO ) Second Quarter Highlights - Revenues up 34% year-over-year to $6.7 million; - Gross margin improvement reaching 50%;

Revenues for the second quarter of 2008 totaled $6.7 million, a 34% increase, compared to $5 million in the second quarter of 2007, and slightly up from first quarter of 2008 revenues of $6.5 million.

Non-GAAP gross margin for the second quarter of 2008 was 50.4%, compared to the 46% margin in the second quarter 2007. Non-GAAP gross margin in the first quarter of 2008 was 44.2%.

Non-GAAP operating loss for the second quarter of 2008 reached $1.7 million, a 22% improvement compared to a non-GAAP operating loss of $2.1 million in the second quarter of 2007, and slightly improved on the non-GAAP operating loss for the prior quarter of $1.8 million.

Non-GAAP net loss for the second quarter of 2008 totaled $1.4 million, or $0.08 loss per share, a 22% improvement compared with a net loss of $1.8 million, or $0.11 loss per share, in the second quarter of 2007. Non-GAAP net loss for the first quarter 2008 totaled $1.1 million, or $0.07 per share.

During the second quarter 2008, the Company's results were negatively impacted by the continued weakening of the US dollar against the Israeli shekel, which during the quarter devalued by 5.7% against the Israeli Shekel. This directly contributed to an approximate $300 thousand decline in the net income for the period. Results were also affected by the contribution of two lower-margin, yet strategically important projects with major telecom groups and potential for higher-margin follow-on business.

On a GAAP basis, gross margin for the second quarter 2008 totaled 50.2%, compared to the 45.4% margin in the second quarter of 2007, and 43.8% margin in the first quarter 2008. Operating loss for the second quarter of 2008 reached $2.0 million, compared to an operating loss of $2.3 million in the second quarter of 2007 and an operating loss for the first quarter of 2008 of $2 million. On a GAAP basis, net loss for the second quarter of 2008 totaled $1.7 million or $0.10 loss per share, compared to $1.9 million or $0.12 per share in the second quarter of 2007. Net loss for the first quarter 2008 totaled $1.3 million or $0.08 per share.

ECtel's non-GAAP net income differs from results reported under U.S. GAAP. This is due to adjustments made for amortization of acquisition related intangible assets, share-based compensation expenses, expenses related to a one-time due-diligence process and the impact of the permanent impairment charge related to certain securities in December 2007. The accompanying tables provide a full reconciliation from GAAP to Non-GAAP results.

Cash, cash equivalents, and marketable bonds and securities as of June 30, 2008 were $22.8 million or $1.37 per share, compared to $28.5 million or $1.71 per share as of March 31, 2008.

"The second quarter of 2008, was both a period of business development in which we made a synergistic acquisition, acquiring the assets of Compwise, as well as improved financial results- particularly in terms of revenue and gross margins," commented Itzik Weinstein, President and CEO of ECtel. "At the same time, we are reviewing ways to better manage our cost structure, while improving efficiency and cutting costs particularly on the manufacturing and procurement side, without sacrificing our growth potential, with the aim to quickly reach the breakeven level."

"During the quarter, we completed the acquisition of Compwise's assets, an Israeli-based provider of business analytic solutions for telecom operators. We see the acquisition as very much aligned with our long-term growth strategy, which focuses on solid execution, innovation and M&A activity. We continue to work on strengthening our foundations for future growth and execution, while reducing costs, with the goal of enhancing our position as a major player in the integrated revenue management and assurance space," concluded Mr. Weinstein.

Conference Call

ECtel management will host a teleconference later today at 10:00 am ET (9:00am CT, 7:00am PT, and 5:00pm Israel time) to discuss its second quarter results.

To participate in the call, please dial one of the following numbers and request ECtel's second quarter 2008 Earnings Results Conference call:

From the United States: 1-888-668-9141 From Israel: 03-918 0688 From the United Kingdom: 0-800-404-8418 All other international callers +972-3-918-0688

A Webcast replay of the earnings call will be available after the call on the Company's web site at: http://www.ectel.com/

About Ectel Ltd.

ECtel is a leading global provider of Integrated Revenue Management(TM) (IRM(TM)) solutions for communications service providers. A pioneering market leader for nearly 20 years, ECtel offers carrier-grade solutions that enable wireline, wireless, converged and next generation operators to fully manage their revenue and cost processes. ECtel serves prominent Tier One operators, and has more than 100 implementations in over 50 countries worldwide. Established in 1990, ECtel maintains offices in the Americas and Europe. For more information, visit http://www.ectel.com/

Certain statements contained in this release contain forward-looking information with respect to plans, projections or future performance and products of the Company, the occurrence of which involves certain risks and uncertainties, including, but not limited to, the reoccurrence of sales to existing customers, sales to new accounts, the ability to recognize revenue in future periods as anticipated, the possible slow-down in expenditures by telecom operators, the unpredictability of the telecom market, product and market acceptance risks, ability to complete development and market introduction of new products, the impact of competitive pricing and offerings, fluctuations in quarterly and annual results of operations, dependence on several large customers, commercialization and technological difficulties, risks related to our operations in Israel and other risks detailed in the Company's annual report on Form 20-F and other filings with the Securities and Exchange Commission. ECtel undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

ECtel Ltd. Consolidated Balance Sheets $ in thousands June 30, March 31, December 31 2008 2008 2007 Assets Current assets Cash and cash equivalents 4,229 8,572 5,668 Short-term investments - 1,484 5,652 Receivables: Trade, net 8,811 7,772 8,612 Other 2,196 1,565 1,372 Related parties 100 189 17 Work in progress 657 977 282 Inventories 2,274 2,360 2,247 Total current assets 18,267 22,919 23,850 Long-term marketable securities 18,564 18,470 17,760 Long-term other assets 1,952 1,785 1,612 Property, plant and equipment, net 2,316 2,192 2,115 Goodwill 12,792 11,322 11,322 Other intangible assets, net 912 269 292 Total assets 54,803 56,957 56,951 Liabilities and Shareholders' Equity Current liabilities Trade payables 4,349 5,554 4,737 Related parties 68 82 18 Advances from customers 527 1,111 966 Other payables and accrued liabilities 6,878 5,902 5,796 Total current liabilities 11,822 12,649 11,517 Long-term liabilities Liability for employee severance benefits 2,989 2,626 2,352 Total liabilities 14,811 15,275 13,869 Total shareholders' equity, net 39,992 41,682 43,082 Total liabilities and shareholders' equity 54,803 56,957 56,951 ECtel Ltd. Consolidated Statements of Operations - GAAP $ in thousands except share and per share data Three months Six months Three months ended ended ended June 30, June 30, March 31, 2008 2007 2008 2007 2008 Revenues 6,655 4,964 13,160 8,515 6,505 Cost of revenues 3,313 2,709 6,967 4,784 3,654 Gross profit 3,342 2,255 6,193 3,731 2,851 Research and development costs, net 1,304 1,212 2,493 2,506 1,189 Selling and marketing expenses 2,261 2,100 4,008 4,359 1,747 General and administrative expenses 1,709 1,191 3,559 3,342 1,850 Amortization of acquisition-related intangible assets 23 23 46 46 23 Operating loss (1,955) (2,271) (3,913) (6,522) (1,958) Financial income, net 278 353 519 635 241 Other income, net (*) - 430 430 Net (loss) income (1,677) (1,918) (2,964) (5,887) (1,287) Basic (loss) earnings per share (0.10) (0.12) (0.18) (0.35) (0.08) Diluted (loss) earnings per share (0.10) (0.12) (0.18) (0.35) (0.08) Weighted average number of shares outstanding used to compute basic (loss) earnings per share 16,686,401 16,663,746 16,686,401 16,656,576 16,686,401 Weighted average number of shares outstanding used to compute diluted (loss) earnings per share 16,686,401 16,663,746 16,686,401 16,656,576 16,686,401 (*) includes $450 thousand gain on sale of patent. ECtel Ltd. Consolidated Statements of Operations - NON-GAAP $ in thousands except share and per share data

To supplement the consolidated financial results prepared in accordance with GAAP, we include Pro-forma Net Income (Loss), Pro-forma Basic Net Earnings (Loss) Per Share and Pro-forma Diluted Net Earnings (Loss) Per Share, which are non-GAAP financial measures. These non-GAAP financial measures consist of GAAP financial measures adjusted for acquisition related amortization of intangible assets, expenses related to a due-diligence process which was carried out in the framework of an examination of a potential acquisition which had reached advanced stages and share-based compensation expenses. These non-GAAP financial measures exclude the effects of aforesaid elements because we believe these excluded costs are not related to our operating performance and measures. Also, it provides consistent and comparable measures to help investors understand our current and future operating performance that our management uses as a basis for planning and forecasting future periods.

These non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies and should not be regarded as a replacement for corresponding GAAP measures.

The following table reconciles Pro-forma Net Income (Loss), Pro-forma Basic Net Earnings (Loss) Per Share and Pro-forma Diluted Net Earnings (Loss) Per Share to Net Income (Loss), Basic Net Earnings (Loss) Per Share and Diluted Net Earnings (Loss) Per Share, and the line items contributing to such figures, respectively, in each case the most directly comparable GAAP measure, ($ in thousands, except share and per share data).

Three months ended Six months ended June 30, 2008 June 30, 2008 GAAP Adj. NON-GAAP GAAP Adj. NON-GAAP Revenues 6,655 6,655 13,160 13,160 Cost of revenues 3,313 (13) (*) 3,300 6,967 (34) (*) 6,933 Gross profit 3,342 13 3,355 6,193 34 6,227 Research and development costs, net 1,304 (1) (*) 1,303 2,493 (6) (*) 2,487 Selling and marketing expenses 2,261 (28) (*) 2,233 4,008 (57) (*) 3,951 General and administrative expenses 1,709 (233) (*)(**) 1,476 3,559 (314) (*)(**) 3,245 Amortization of acquisition-related intangible assets 23 (23) - 46 (46) - Operating loss (1,955) 298 (1,657) (3,913) 457 (3,456) Financial income, net 278 - 278 519 - 519 Other income (expenses) - - - 430 - 430 Net loss (1,677) 298 (1,379) (2,964) 457 (2,507) Basic loss per share (0.10) (0.08) (0.18) (0.15) Diluted loss per share (0.10) (0.08) (0.18) (0.15) Weighted average number of shares outstanding used to compute basic loss per share 16,686,401 16,686,401 16,686,401 16,686,401 Weighted average number of shares outstanding used to compute diluted loss per share 16,686,401 16,686,401 16,686,401 16,686,401 (*) Share-based compensation expenses (**)Including expenses related to a due-diligence process in amount of $118 thousands ECtel Ltd. Consolidated Statements of Cash Flows $ in thousands Three months Six months Three ended ended months June 30, June 30, ended March 31, 2008 2007 2008 2007 2008 Cash flows from operating activities Net loss for the period (1,677) (1,918) (2,964) (5,887) (1,287) Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities: Depreciation and amortization 164 156 301 306 137 Loss on sale of long-term marketable securities - - 20 - 20 Loss on disposal of property, plant and equipment - - 20 - 20 Premium amortization of long-term marketable securities - - (21) 7 (21) (Increase) decrease in trade receivables (1,014) (1,347) (174) 1,662 840 (Increase) decrease in other receivables (637) 196 (788) 122 (150) Share-based compensation expenses 157 125 293 970 136 Decrease (increase) in inventories 86 356 (27) 229 (113) Decrease (increase) in work in progress 320 (66) (375) (130) (695) (Decrease) increase in trade payables (1,099) (409) (444) (844) 655 (Increase) decrease in advances from customers (584) 262 (439) 146 145 Decrease (increase) in related parties, net 75 288 (33) 314 (108) Increase (decrease) in other payables and accrued liabilities 159 (888) 217 (1,535) 57 Decrease (increase) in liability for employee severance benefits 293 (146) 581 (572) 288 Net cash used in operating activities (3,757) (3,391) (3,833) (5,212) (76) ECtel Ltd. Consolidated Statements of Cash Flows (cont'd) $ in thousands Three months Six months Three ended ended months ended June 30, June 30 March 31, 2008 2007 2008 2007 2008 Cash flows from investing activities Investment in short-term investments, net - - 8,130 - 8,130 Investment in on property, plant and equipment (332) (102) (381) (141) (49) Payments in consideration with acquisition of the assets of Compwise (1,313) - (1,313) - - Payments in consideration with acquisition of newly consolidated subsidiaries - - - (158) - Long-term deposits withdrawal (funding) 55 17 46 32 (9) Deposits in respect of employee severance obligations (216) 49 (388) 133 (172) Proceeds from maturity of long-term marketable securities 2,970 4,500 5,150 8,442 2,180 Investment in long-term marketable securities (1,750) (2,688) (8,850) (2,688) (7,100) Net cash (used in) provided by investing activities (586) 1,776 2,394 5,620 2,980 Cash flows from financing activities Issuance of ordinary shares - 29 - 912 - Net cash provided by financing activities - 29 - 912 - Net (decrease) increase in cash and cash equivalents (4,343) (1,586) (1,439) 1,320 2,904 Cash and cash equivalents at beginning of the year 8,572 17,317 5,668 14,411 5,668 Cash and cash equivalents at end of the year 4,229 15,731 4,229 15,731 8,572 Company Contacts: Mickey Neumann, Senior Vice President and CFO Tel: +972-3-9002115 Email: Mickeyne@ectel.com; ir@ectel.com IR Contacts: Ehud Helft \ Kenny Green GK Investor Relations Tel: +1-617-418-3096 \ +1-646-201-9246 Email: info@gkir.com

Photo: http://www.newscom.com/cgi-bin/prnh/20010807/FLTU015LOGO ECtel Ltd

CONTACT: Company Contacts: Mickey Neumann, Senior Vice President and
CFO, Tel: +972-3-9002115, Email: Mickeyne@ectel.com; ir@ectel.com. IR
Contacts: Ehud Helft \ Kenny Green, GK Investor Relations, Tel:
+1-617-418-3096 \ +1-646-201-9246, Email: info@gkir.com

Global Crossing Announces Second Quarter 2008 Financial Results- Consolidated revenue grew for the ninth consecutive quarter.- "Invest and grow" revenue grew 26 percent year over year and 6 percent sequentially to $546 million.- Consolidated revenue grew 19 percent year over year and 4 percent sequentially to $653 million.- "Invest and grow" adjusted gross margin grew 33 percent year over year and 6 percent sequentially to $334 million.- Adjusted cash EBITDA grew 15 percent sequentially to $77 million.- All segments (ROW, GCUK, GC Impsat) reported growth in revenue, adjusted gross margin and positive adjusted cash EBITDA.

FLORHAM PARK, N.J., Aug. 5 /PRNewswire-FirstCall/ -- Global Crossing , a leading global IP solutions provider, today reported its unaudited consolidated financial and operational results for the second quarter of 2008.

Summary

Global Crossing's consolidated revenue grew 19 percent year over year to $653 million for the second quarter of 2008, and adjusted gross margin was $347 million or 53 percent of revenue. Revenue from the company's "invest and grow" category - namely that part of the business focused on serving global enterprises and carrier customers, excluding wholesale voice - increased 26 percent year over year to $546 million. Adjusted cash EBITDA was $77 million, and the company generated $15 million in cash from operating activities. Adjusted cash EBITDA and adjusted gross margin are non-GAAP measures which are defined and reconciled below.

"We delivered solid results in the second quarter of 2008, as we continued to manage the business for profitable growth while aggressively managing our costs," said John Legere, Global Crossing's chief executive officer. "We're executing our strategy amid market trends that support strong demand for our services, resulting in positive momentum for our business and continued financial progress."

Revenue and Margin

Note: Global Crossing acquired Impsat Fiber Networks on May 9, 2007. References made to segment "invest and grow" revenue and costs are gross of intersegment eliminations as reported in the attached financial tables.

Global Crossing generated total consolidated revenue of $653 million in the second quarter of 2008. This compares with consolidated revenue of $630 million in the first quarter of 2008 and $547 million in the second quarter of 2007. The company's "invest and grow" category generated revenue of $546 million for the second quarter, an increase of $29 million or 6 percent sequentially and an increase of $114 million or 26 percent year over year. The sequential growth in "invest and grow" revenue was attributable to continued growth of the company's core services across all segments.

The company's "Rest of World" (ROW) segment reported $283 million of "invest and grow" revenue, an improvement of $18 million or 7 percent sequentially and $45 million or 19 percent on a year-over-year basis. The company's GCUK segment reported $154 million in "invest and grow" revenue, a sequential increase of $4 million or 3 percent and a year-over-year increase of $15 million or 11 percent. GC Impsat segment generated "invest and grow" revenue of $113 million, a sequential increase of $8 million or 8 percent.

The company continues to manage its wholesale voice business for margin. This business generated $106 million of revenue in the quarter, a decrease of $6 million compared to the first quarter of 2008 and a decrease of $8 million on a year-over-year basis. Wholesale voice adjusted gross margin remained relatively flat compared to the second quarter of 2007, declining by $1 million to $12 million.

The company's order levels remain healthy, building a foundation for continued revenue growth. New orders per month during the second quarter continued at levels comparable to the first quarter of this year.

For the second quarter, Global Crossing reported consolidated adjusted gross margin of $347 million or 53 percent of revenue. This compares with $331 million or 53 percent in the first quarter of 2008 and $266 million or 49 percent in the second quarter of 2007. The company's "invest and grow" business generated $334 million of adjusted gross margin or 61 percent of revenue during the second quarter. This compares with "invest and grow" adjusted gross margin of $314 million or 61 percent in the first quarter of 2008 and $252 million or 58 percent in the second quarter of 2007. Excluding the impact of GC Impsat, adjusted gross margin expanded as a percentage of revenue on a year-over-year basis.

Costs

Cost of access expense for the second quarter was $306 million, compared with $299 million for the first quarter of 2008 and $281 million for the second quarter of 2007. Cost of access expense increased by $7 million on a sequential basis on consolidated revenue growth of $23 million.

Cost of revenue -- which includes cost of access; technical real estate, network and operations; third party maintenance; and cost of equipment sales -- increased to $464 million in the second quarter, compared with $453 million in the first quarter of 2008 and $430 million in the second quarter of 2007. Cost of revenue as a percentage of revenue totaled 71 percent during the quarter. This compares with 72 percent in the first quarter of 2008 and 79 percent in the second quarter of 2007.

Excluding cost of access, cost of revenue was $158 million in the second quarter of 2008, compared with $154 million in the first quarter of 2008 and $149 million in the second quarter of 2007. The sequential increase in these costs resulted primarily from an increase in rent and utility charges. Excluding the impact of GC Impsat, these costs declined on a year-over-year basis even after higher facilities costs associated with establishment of the company's European collocation business.

Sales, general and administrative (SG&A) expenses were essentially flat on a sequential basis at $133 million in the second quarter and increased by $5 million compared to the second quarter of 2007. SG&A as a percentage of revenue was 20 percent, compared to 21 percent in the first quarter of 2008 and 23 percent in the second quarter of 2007. The second quarter of 2007 included severance expenses of $14 million. Excluding the impact of GC Impsat and the severance expenses referenced above, SG&A grew $3 million on a year-over-year basis primarily due to higher salaries and benefits.

Earnings

Global Crossing reported adjusted cash EBITDA of $77 million in the second quarter of 2008, compared with $67 million in the prior quarter and $8 million in the second quarter of 2007.

For the second quarter of 2008, all segments reported positive adjusted cash EBITDA. GCUK, ROW and GC Impsat segments generated $39 million, $6 million and $32 million of adjusted cash EBITDA, respectively.

Global Crossing's consolidated net loss applicable to common shareholders was $89 million for the second quarter of 2008, compared with a loss of $70 million in the first quarter of 2008 and a loss of $101 million in the second quarter of 2007. The sequential increase was primarily due to lower foreign exchange gains compared to the prior quarter, as well as an increase in the provision for income taxes due to increasing taxable income in certain countries as a result of the company's strong revenue growth.

Cash and Liquidity

As of June 30, 2008, Global Crossing had $377 million of cash and cash equivalents, including $59 million of restricted cash and cash equivalents.

Cash flow provided by operating activities for the second quarter was $15 million, including $49 million in cash interest paid and $31 million in proceeds from the sale of Indefeasible Rights of Use (IRUs) and prepaid services. The company used $66 million for capital expenditures including principal payments on capital leases and vendor debt financing. The company's net decrease in unrestricted cash and cash equivalents in the second quarter was $44 million.

Note regarding GC Brazil transfer

During the second quarter, Global Crossing transferred its GC Brazil operations from its ROW segment to its GC Impsat segment and in accordance with SFAS No. 141, "Business Combinations," since the transfer is between entities under common control, the company is required to retroactively restate its GC Impsat segment results to include GC Brazil in those results and similarly remove GC Brazil from its ROW segment results for all periods presented.

Guidance

The following table is provided for informational purposes only and represents the company's 2008 guidance as provided on March 12, 2008.

Metric 2008 Guidance ($ in millions) Revenue $2,570 - $2,675 Adjusted Cash EBITDA $320 - $380 Cash Use ($85) - ($35) Non-GAAP Metrics

Pursuant to the Securities and Exchange Commission's (SEC's) Regulation G, the attached schedules include definitions of Global Crossing's adjusted cash EBITDA and adjusted gross margin measures, as well as reconciliations of such measures to the most directly comparable financial measures calculated and presented in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP).

Conference Call

The company will hold a conference call on Tuesday, August 5, 2008 at 9:00 a.m. EDT to discuss its financial results. The call may be accessed by dialing +1 212 346 6507 or +44 (0) 870 001 3146. Callers are advised to access the call 15 minutes prior to the start time. A Webcast with presentation slides will be available at http://investors.globalcrossing.com/events.cfm.

A replay of the call will be available on Tuesday, August 5, 2008 beginning at 11:00 a.m. EDT and will be accessible until Tuesday, August 12, 2008 at 11:00 a.m. EDT. To access the replay, North American callers should dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21389022. Callers in the United Kingdom should dial +44 (0) 870 000 3081 or +44 (0) 800 692 0831 and enter reservation number 21389022.

ABOUT GLOBAL CROSSING

Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 390 cities in more than 30 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.

Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.

Please visit http://www.globalcrossing.com/ or blogs.globalcrossing.com/ for more information about Global Crossing.

This press release contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including Global Crossing's history of substantial operating losses and the fact that, in the near term, funds from operations will not satisfy cash requirements; our expectation to arrange a material amount of equipment financings, which will depend on credit market conditions which have continued to tighten over the past year; greater than anticipated increases in operating expenses and capital expenditures needed to support the company's revenue growth; the company's reliance on cash generated by individually significant prepayments for services; demands from access vendors to reduce the company's days payable outstanding; legal and contractual restrictions on the inter- company transfer of funds by the company's subsidiaries; failure to achieve expected synergies or operating results resulting from the acquisition of Impsat; possible violations of the Foreign Corrupt Practices Act, particularly by Impsat and other acquired businesses; increased competition and pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; political, legal and other risks due to the company's substantial international operations, including currency exchange-related risks; potential weaknesses in internal controls of acquired businesses, and difficulties in integrating internal controls of those businesses with the company's own internal controls; the concentration of revenue in a limited number of customers, and the rights of such customers to terminate their contracts or to simply cease purchasing services thereunder; exposure to significant contingent liabilities; and other risks referenced from time to time in the company's and GC Impsat's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.

CONTACT GLOBAL CROSSING: Press Contacts Becky Yeamans + 1 973 937 0155 Becky.Yeamans@globalcrossing.com Michael Schneider + 1 973 937 0146 Michael.Schneider@globalcrossing.com Analysts/Investors Contact Suzanne Lipton + 1 800 836 0342 glbc@globalcrossing.com Gino Mathew +1 973 937 0133 Gino.Mathew@globalcrossing.com IR/PR1 Global Crossing Limited and Subsidiaries Unaudited Summary of Consolidated Revenues, Cost of Access, and Adjusted Gross Margin ($ in millions) Quarter Ended June 30, 2008 GCUK GC Impsat ROW(1) Eliminations Total Revenues: Enterprise, carrier data and indirect channels $154 $110 $282 $- $546 Wholesale voice 3 2 101 - 106 Other - - 1 - 1 Intersegment revenue - 3 1 (4) - Consolidated revenues $157 $115 $385 $(4) $653 Cost of access: Enterprise, carrier data and indirect channels $(46) $(25) $(141) $- $(212) Wholesale voice (2) (2) (90) - (94) Other - - - - - Intersegment cost of access - (1) (2) 3 - Consolidated cost of access $(48) $(28) $(233) $3 $(306) Adjusted Gross Margin: Enterprise, carrier data and indirect channels $108 $85 $141 $- $334 Wholesale voice 1 - 11 - 12 Other - - 1 - 1 Intersegment adjusted gross margin - 2 (1) (1) - Consolidated adjusted gross margin $109 $87 $152 $(1) $347 Quarter Ended March 31, 2008 GCUK GC Impsat ROW(1) Eliminations Total (as (as (as restated restated restated (2)) (2)) (2)) Revenues: Enterprise, carrier data and indirect channels $150 $104 $263 $- $517 Wholesale voice 3 2 107 - 112 Other - - 1 - 1 Intersegment revenue - 1 2 (3) - Consolidated revenues $153 $107 $373 $(3) $630 Cost of access: Enterprise, carrier data and indirect channels $(44) $(24) $(135) $- $(203) Wholesale voice (2) (2) (92) - (96) Other - - - - - Intersegment cost of access - (2) (1) 3 - Consolidated cost of access $(46) $(28) $(228) $3 $(299) Adjusted Gross Margin: Enterprise, carrier data and indirect channels $106 $80 $128 $- $314 Wholesale voice 1 - 15 - 16 Other - - 1 - 1 Intersegment adjusted gross margin - (1) 1 - - Consolidated adjusted gross margin $107 $79 $145 $- $331 Quarter Ended June 30, 2007 GCUK GC Impsat ROW(1) Eliminations Total (as (as (as restated restated restated (2)) (2)) (2)) Revenues: Enterprise, carrier data and indirect channels $139 $56 $237 $- $432 Wholesale voice 2 1 111 - 114 Other - - 1 - 1 Intersegment revenue - 1 1 (2) - Consolidated revenues $141 $58 $350 $(2) $547 Cost of access: Enterprise, carrier data and indirect channels $(40) $(13) $(127) $- $(180) Wholesale voice (1) (1) (99) - (101) Other - - - - - Intersegment cost of access - (1) - 1 - Consolidated cost of access $(41) $(15) $(226) $1 $(281) Adjusted Gross Margin: Enterprise, carrier data and indirect channels $99 $43 $110 $- $252 Wholesale voice 1 - 12 - 13 Other - - 1 - 1 Intersegment adjusted gross margin - - 1 (1) - Consolidated adjusted gross margin $100 $43 $124 $(1) $266 (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat). (2) In May 2008, Global Crossing Limited transferred its GC Brazil operations from the ROW Segment to the GC Impsat Segment. Since the transfer is between entities under common control, the Company has retroactively restated GC Impsat's results to include GC Brazil operations and removed GC Brazil from ROW for all periods presented.

On May 9, 2007, Global Crossing announced that it had acquired Impsat Fiber Networks Inc. (Impsat), and since that date Impsat's results have been consolidated into Global Crossing's results as part of GC Impsat.

Definition: Adjusted gross margin is revenue minus cost of access. See Table 4 for the reconciliation of adjusted gross margin to gross margin.

Global Crossing Limited and Subsidiaries Unaudited Consolidated Statements of Operations ($ in millions) Quarter Ended June 30, 2008 GCUK GC Impsat ROW(1) Eliminations Total REVENUE $157 $115 $385 $(4) $653 Cost of revenue Cost of access (48) (28) (233) 3 (306) Real estate, network and operations (24) (17) (67) 1 (107) Third party maintenance (9) (4) (15) - (28) Cost of equipment sales (17) (3) (3) - (23) Total cost of revenue (98) (52) (318) 4 (464) Selling, general and administrative (22) (34) (77) - (133) Depreciation and amortization (21) (21) (42) - (84) OPERATING INCOME (LOSS) 16 8 (52) - (28) OTHER INCOME (EXPENSE) Interest expense, net (16) (10) (17) - (43) Other income (expense), net 1 4 3 - 8 INCOME (LOSS) BEFORE REORGANIZATION ITEMS, NET AND INCOME TAXES 1 2 (66) - (63) Net gain on preconfirmation contingencies - - 4 - 4 INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES 1 2 (62) - (59) Provision for income taxes (1) (11) (17) - (29) NET LOSS - (9) (79) - (88) Preferred stock dividends - - (1) - (1) LOSS APPLICABLE TO COMMON SHAREHOLDERS $- $(9) $(80) $- $(89) Quarter Ended March 31, 2008 GCUK GC Impsat ROW(1) Eliminations Total (as (as (as restated restated restated (2)) (2)) (2)) REVENUE $153 $107 $373 $(3) $630 Cost of revenue Cost of access (46) (28) (228) 3 (299) Real estate, network and operations (25) (14) (65) - (104) Third party maintenance (9) (5) (13) - (27) Cost of equipment sales (18) (2) (3) - (23) Total cost of revenue (98) (49) (309) 3 (453) Selling, general and administrative (20) (32) (80) - (132) Depreciation and amortization (22) (18) (36) - (76) OPERATING INCOME (LOSS) 13 8 (52) - (31) OTHER INCOME (EXPENSE) Interest expense, net (15) (7) (18) - (40) Other income (expense), net - (1) 21 - 20 INCOME (LOSS) BEFORE REORGANIZATION ITEMS, NET AND INCOME TAXES (2) - (49) - (51) Net gain on preconfirmation contingencies - - - - - INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES (2) - (49) - (51) Provision for income taxes - (5) (13) - (18) NET LOSS (2) (5) (62) - (69) Preferred stock dividends - - (1) - (1) LOSS APPLICABLE TO COMMON SHAREHOLDERS $(2) $(5) $(63) $- $(70) Quarter Ended June 30, 2007 GCUK GC Impsat ROW(1) Eliminations Total (as (as (as restated restated restated (2)) (2)) (2)) REVENUE $141 $58 $350 $(2) $547 Cost of revenue Cost of access (41) (15) (226) 1 (281) Real estate, network and operations (26) (7) (69) 1 (101) Third party maintenance (9) (4) (12) - (25) Cost of equipment sales (14) (2) (7) - (23) Total cost of revenue (90) (28) (314) 2 (430) Selling, general and administrative (23) (18) (87) - (128) Depreciation and amortization (20) (10) (33) - (63) OPERATING INCOME (LOSS) 8 2 (84) - (74) OTHER INCOME (EXPENSE) Interest expense, net (15) (4) (22) - (41) Other income (expense), net 3 (5) 26 - 24 INCOME (LOSS) BEFORE REORGANIZATION ITEMS, NET AND INCOME TAXES (4) (7) (80) - (91) Net gain on preconfirmation contingencies - - - - - INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES (4) (7) (80) - (91) Provision for income taxes - (2) (7) - (9) NET LOSS (4) (9) (87) - (100) Preferred stock dividends - - (1) - (1) LOSS APPLICABLE TO COMMON SHAREHOLDERS $(4) (9) $(88) $- (101) (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat). (2) In May 2008, Global Crossing Limited transferred its GC Brazil operations from the ROW Segment to the GC Impsat Segment. Since the transfer is between entities under common control, the Company has retroactively restated GC Impsat's results to include GC Brazil operations and removed GC Brazil from ROW for all periods presented.

On May 9, 2007, Global Crossing announced that it had acquired Impsat Fiber Networks Inc. (Impsat), and since that date Impsat's results have been consolidated into Global Crossing's results as part of GC Impsat.

Pursuant to the SEC's Regulation G, the following table provides a reconciliation of Adjusted Cash EBITDA, which is considered a non-GAAP (Generally Accepted Accounting Principles) financial metric, to net income (loss) applicable to common shareholders, which is the most directly comparable GAAP measure. Global Crossing's calculation of its Adjusted Cash EBITDA measure may not be consistent with EBITDA measures of other companies. Management believes that Adjusted Cash EBITDA is a relevant indicator of operating performance, especially in a capital-intensive industry such as telecommunications. Adjusted Cash EBITDA is an important aspect of the company's internal reporting and is also used by the investment community in assessing financial performance. This non-GAAP measure should be used in addition to, but not as a substitute for, the analysis provided in the statement of operations.

Global Crossing Limited Unaudited Reconciliation of Adjusted Cash EBITDA to Net Loss Applicable to Common Shareholders ($ in millions) Quarter Ended June 30, 2008 GCUK GC Impsat ROW(1) Total Adjusted Cash EBITDA $39 $32 $6 $77 Non-cash stock compensation expense (2) (3) (16) (21) Depreciation and amortization (21) (21) (42) (84) Interest expense, net (16) (10) (17) (43) Other income (expense), net 1 4 3 8 Net gain on preconfirmation contingencies - - 4 4 Income tax provision (1) (11) (17) (29) Preferred stock dividends - - (1) (1) Net loss applicable to common shareholders $- $(9) $(80) $(89) Quarter Ended March 31, 2008 GCUK GC Impsat ROW(1) Total (as (as restated restated (2)) (2)) Adjusted Cash EBITDA $38 $29 $- $67 Non-cash stock compensation expense (3) (3) (16) (22) Depreciation and amortization (22) (18) (36) (76) Interest expense, net (15) (7) (18) (40) Other income (expense), net - (1) 21 20 Net gain on preconfirmation contingencies - - - - Income tax provision - (5) (13) (18) Preferred stock dividends - - (1) (1) Net loss applicable to common shareholders $(2) $(5) $(63) $(70) Quarter Ended June 30, 2007 GCUK GC Impsat ROW(1) Total (as (as restated restated (2)) (2)) Adjusted Cash EBITDA $30 $12 $(34) $8 Non-cash stock compensation expense (2) - (17) (19) Depreciation and amortization (20) (10) (33) (63) Interest expense, net (15) (4) (22) (41) Other income (expense), net 3 (5) 26 24 Net gain on preconfirmation contingencies - - - - Income tax provision - (2) (7) (9) Preferred stock dividends - - (1) (1) Net loss applicable to common shareholders $(4) $(9) $(88) $(101) (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat). (2) In May 2008, Global Crossing Limited transferred its GC Brazil operations from the ROW Segment to the GC Impsat Segment. Since the transfer is between entities under common control, the Company has retroactively restated GC Impsat's results to include GC Brazil operations and removed GC Brazil from ROW for all periods presented.

On May 9, 2007, Global Crossing announced that it had acquired Impsat Fiber Networks Inc. (Impsat), and since that date Impsat's results have been consolidated into Global Crossing's results as part of GC Impsat.

Definition: Adjusted cash EBITDA is earnings before interest, taxes, depreciation and amortization, other income/(expense), net, net gain on pre-confirmation contingencies, preferred stock dividends and non-cash stock compensation.

Pursuant to the SEC's Regulation G, the following table provides reconciliation of adjusted gross margin, which is considered a non-GAAP financial metric, to gross margin, which is the most directly comparable GAAP measure. Management believes that adjusted gross margin is a relevant indicator of operating performance since it links revenue lines with the largest and most directly related costs incurred to generate such revenue. Adjusted Gross Margin should be used in addition to, but not as a substitute for, the analysis provided in the statement of operations.

Global Crossing Limited and Subsidiaries Unaudited Reconciliation of Adjusted Gross Margin to Gross Margin ($ in millions) Quarter Ended June 30, 2008 GCUK GC Impsat ROW(1) Eliminations Total Adjusted gross margin $109 $87 $152 $(1) $347 Real estate, network and operations (24) (17) (67) 1 (107) Third party maintenance (9) (4) (15) - (28) Cost of equipment sales (17) (3) (3) - (23) Gross margin $59 $63 $67 $- $189 Quarter Ended March 31, 2008 GCUK GC Impsat ROW(1) Eliminations Total (as (as (as restated restated restated (2)) (2)) (2)) Adjusted gross margin $107 $79 $145 $- $331 Real estate, network and operations (25) (14) (65) - (104) Third party maintenance (9) (5) (13) - (27) Cost of equipment sales (18) (2) (3) - (23) Gross margin $55 $58 $64 $- $177 Quarter Ended June 30, 2007 GCUK GC Impsat ROW(1) Eliminations Total (as (as (as restated restated restated (2)) (2)) (2)) Adjusted gross margin $100 $43 $124 $(1) $266 Real estate, network and operations (26) (7) (69) 1 (101) Third party maintenance (9) (4) (12) (25) Cost of equipment sales (14) (2) (7) (23) Gross margin $51 $30 $36 $- $117 (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat). (2) In May 2008, Global Crossing Limited transferred its GC Brazil operations from the ROW Segment to the GC Impsat Segment. Since the transfer is between entities under common control, the Company has retroactively restated GC Impsat's results to include GC Brazil operations and removed GC Brazil from ROW for all periods presented.

On May 9, 2007, Global Crossing announced that it had acquired Impsat Fiber Networks Inc. (Impsat), and since that date Impsat's results have been consolidated into Global Crossing's results as part of GC Impsat.

Global Crossing Limited Condensed Consolidated Balance Sheets ($ in millions, except share and per share data) June 30, December 31, 2008 2007 (unaudited) ASSETS: Current assets: Cash and cash equivalents $318 $397 Restricted cash and cash equivalents - current portion 45 18 Accounts receivable, net of allowances of $65 and $52 363 345 Prepaid costs and other current assets 147 121 Total current assets 873 881 Restricted cash and cash equivalents - long term 14 35 Property and equipment, net of accumulated depreciation of $800 and $664 1,470 1,467 Intangible assets, net (including goodwill of $181 and $158) 214 193 Other assets 85 91 Total assets $2,656 $2,667 LIABILITIES: Current liabilities: Short term debt $2 $- Accounts payable 293 286 Accrued cost of access 113 107 Current portion of long term debt 22 26 Accrued restructuring costs - current portion 17 17 Deferred revenue - current portion 169 164 Other current liabilities 442 395 Total current liabilities 1,058 995 Long term debt 1,253 1,249 Obligations under capital leases 115 123 Deferred revenue 287 262 Accrued restructuring costs 20 20 Other deferred liabilities 73 81 Total liabilities 2,806 2,730 SHAREHOLDERS' DEFICIT: Common stock, 110,000,000 shares authorized, $.01 par value, 56,049,062 and 54,552,045 shares issued and outstanding as of June 30, 2008 and December 31, 2007, respectively 1 1 Preferred stock with controlling shareholder, 45,000,000 shares authorized, $.10 par value, 18,000,000 shares issued to controlling shareholder and outstanding 2 2 Additional paid-in capital 1,369 1,307 Accumulated other comprehensive loss (34) (42) Accumulated deficit (1,488) (1,331) Total shareholders' deficit (150) (63) Total liabilities and shareholders' deficit $2,656 $2,667 Global Crossing Limited Unaudited Condensed Consolidated Statements of Cash Flows ($ in millions) Six Months Ended June 30, 2008 2007 Cash flows provided by (used in) operating activities: Net loss $(157) $(220) Adjustments to reconcile net loss to net cash provided by (used in) operating activities Loss on sale of property and equipment - 1 Loss on sale of marketable securities 3 - Gain on settlement of contracts due to Impsat acquisition - (27) Non-cash income tax provision 27 18 Non-cash stock compensation expense 43 34 Depreciation and amortization 160 113 Provision for doubtful accounts 5 3 Amortization of prior period IRUs (7) (5) Gain on preconfirmation contingencies (4) - Change in long term deferred revenue 32 46 Change in operating working capital (25) (83) Other (37) 4 Net cash provided by (used in) operating activities 40 (116) Cash flows provided by (used in) investing activities: Purchases of property and equipment (92) (77) Purchases of marketable securities (11) - Proceeds from sale of property and equipment 4 - Proceeds from sale of marketable securities 12 4 Payment for Impsat, net of cash acquired - (75) Change in restricted cash and cash equivalents (6) (53) Net cash used in investing activities (93) (201) Cash flows provided by (used in) financing activities: Proceeds from long term debt 7 597 Repayment of capital lease obligations (29) (20) Repayment of long term debt (9) (238) Proceeds from exercise of stock options 1 3 Finance costs incurred - (23) Cash flows provided by (used in) financing activities (30) 319 Effect of exchange rate changes on cash and cash equivalents 4 1 Net increase (decrease) in cash and cash equivalents (79) 3 Cash and cash equivalents, beginning of period 397 459 Cash and cash equivalents, end of period $318 $462 Non cash investing and financing activities: Capital lease and debt obligations incurred $27 $43 Accrued interest converted to convertible notes $- $6

Global Crossing

CONTACT: Press: Becky Yeamans, +1-973-937-0155,
Becky.Yeamans@globalcrossing.com, Michael Schneider, +1-973-937-0146,
Michael.Schneider@globalcrossing.com, Analysts-Investors: Suzanne Lipton,
1-800-836-0342, glbc@globalcrossing.com, Gino Mathew, +1-973-937-0133,
Gino.Mathew@globalcrossing.com, all of Global Crossing

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

Hughes Launches Scalable Private Networking Solution for Small to Mid-Size BusinessesHughesNet(R) private network offering gives small to mid-size businesses enterprise-grade solutions at affordable prices

GERMANTOWN, Md., Aug. 5 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), a leading provider of managed network services and the global leader in broadband satellite networks and solutions, today announced the availability of HughesNet Private Networks for small to mid-size businesses (SMBs). HughesNet Private Networks is a secure and easy-to-deploy solution that provides private networking for the SMB outside the Internet. The resulting private network provides an enterprise-grade level of security and performance, at a price more affordable than terrestrial alternatives, including competing MPLS and Internet-based VPN solutions.

With a HughesNet Private Network, SMBs can enable branch-to-branch communications, directly connecting each of their locations via satellite for superior performance. This simple and secure connectivity eliminates the need for an expensive central hub or network operations infrastructure, as well as landline connections.

"Security, performance, and cost effectiveness are the somewhat conflicting watchwords for SMBs looking to connect multiple sites in a secure network," said Raymond Boggs, vice president of SMB research at IDC. "Being able to implement a reliable private network will be especially appealing to SMBs who thought enterprise-grade services were beyond their reach either due to cost or lack of availability."

HughesNet Private Networks also provides SMBs with bandwidth-on-demand for support of bandwidth-intensive applications, such as high-quality video conferencing. SMBs can enjoy significant cost savings over dedicated circuits by using bandwidth when and where it is needed, paying either a low-cost monthly fee or on a usage basis.

"With HughesNet private networks, SMBs no longer need to assume that enterprise-grade solutions are too complex," said Sam Baumel, Hughes assistant vice president. "In fact, the solution is very simple and easy-to-deploy. It is in use by consumers every day; from paying for gas at the pump, renting a video from the local video store, to using a bank card at a fast-food restaurant, HughesNet and satellite technology is relied upon by business owners daily."

HughesNet Private Networks bring SMBs the following benefits:

-- Performance: SMBs enjoy plans that can be upgraded as needed at speeds up to 2 Mbps upstream and 8 Mbps downstream, as well as the ability to prioritize applications based on "Class of Service" for optimum performance.

-- Security: A private network that protects SMBs' data-and their customers' data, with PCI-compliant architectures.

-- Savings: SMBs enjoy substantial savings over competing private network solutions-all from one provider with true nationwide coverage.

-- Reliability: Enterprise-grade equipment and service for high reliability, along with 24/7 proactive monitoring and flexible maintenance options.

-- Bandwidth-on-demand: SMBs pay only for the bandwidth they use, when and where they need it, for support of high-quality video applications.

All this is made possible by SPACEWAY(TM) 3, the world's first commercial satellite designed with on-board switching and routing. HughesNet Private Networks is part of a suite of HughesNet business solutions that are designed to meet the growing needs of SMBs. These include HughesNet Business Internet for those underserved SMBs who are either beyond the reach of cable or DSL or where a T-1 line is too costly; and HughesNet Broadband Backup, which provides a path-diverse, secure broadband connection via satellite to ensure that critical business applications keep running even during a landline failure.

To learn more about HughesNet Private Networks, please call 1-877-337-3880 or visit business.hughesnet.com

About Hughes Network Systems

Hughes Network Systems, LLC (HUGHES) is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI and ITU standards organizations, including IPoS, RSM-A, and GMR-1. To date, Hughes has shipped more than 1.5 million systems to customers in over 100 countries.

Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. . For additional information, please visit http://www.hughes.com/

(C)2008 Hughes Network Systems, LLC. Hughes, HughesNet, and SPACEWAY are trademarks of Hughes Network Systems, LLC.

Hughes Network Systems, LLC

CONTACT: Judy Blake, Hughes Network Systems, +1-301-601-7330; Donna
Armstrong, Brodeur, +1-202-775-2650, darmstrong@brodeur.com

Web site: http://business.hughesnet.com/
http://www.hughes.com/

Mitek Systems Reports Profit for Third Quarter of Fiscal 2008

SAN DIEGO, Aug. 5 /PRNewswire-FirstCall/ -- Mitek Systems, Inc. (BULLETIN BOARD: MITK) (http://www.miteksystems.com/), an innovator of image analytics and pattern recognition software, today announced financial results for the third quarter of fiscal 2008 ended June 30, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20041117/LAW022LOGO)

Net sales were approximately $1.7 million for the third quarter of fiscal 2008 compared with $1.5 million for the third quarter in fiscal 2007. Gross margin for the third quarter of fiscal 2008 was 79%, compared with 87% for the same quarter last year. Total costs and expenses including cost of goods sold for the third quarters of fiscal 2008 and 2007 were $1.6 million and $1.4 million respectively.

Operating income for the third quarter of fiscal 2008 was $40,000, compared to an operating income of $85,000 for the same quarter last year.

Net income for the third quarter of fiscal 2008 was $42,000 or $0.0 per basic and diluted share, compared with a net income of $88,000, or $0.01 per basic and diluted share, for the same quarter last year.

The Company ended the third quarter of fiscal year 2008 with cash and cash equivalents of $1.4 million, compared with $1.9 million at the end of the same quarter last year. At the end of the third quarter in fiscal year 2008, the Company had working capital of approximately $1.4 million and stockholders' equity of $1.6 million compared with working capital of $1.7 million and stockholders' equity of $1.8 million at the end of the third quarter of fiscal 2007.

"We are pleased with the third quarter results and our continued progress innovating our mobile imaging application." said James DeBello, president and CEO, Mitek Systems. "We continue to invest in Mobile Deposit while remaining debt-free and have received initial industry accolades, being recently named one of 'Ten Technology Companies to Watch' by Bank Technology News."

The Company will host a conference call today at 11:00 a.m. Eastern Time (10:00 a.m. Central Time/8:00 a.m. Pacific Time) to discuss its third quarter fiscal 2008 results. The call can be accessed by calling 888-494-6099. The call can also be accessed live on the Investor Relations section of the company's Web site at http://www.miteksystems.com/, and a replay will be available approximately two hours after the completion of the call.

Analysis of the Company's financial statements is available within the Management's Discussion and Analysis section of the Form 10-QSB for the quarter ended June 30, 2008, filed with the SEC and available on the SEC's website at http://www.sec.gov/. A printable copy of the financial report will be posted on the Company's website at http://www.miteksystems.com/.

About Mitek Systems

Mitek Systems (OTCBB: MITK; http://www.miteksystems.com/) is an innovator of image analytics and pattern recognition technologies used by financial institutions, life science companies, and government agencies. The company develops and markets the most comprehensive suite of intelligent character recognition software used to test, clean, read and authenticate imaged checks, documents and objects, and its software is used to process more than nine billion transactions per year. For more information about Mitek Systems, contact the company at 858-503-7810 or visit http://www.miteksystems.com/.

Forward Looking Statement

With the exception of historical matters, the matters discussed in this news release are forward-looking statements that involve risks and uncertainty. Forward-looking statements include, but are not limited to, future financial and operating results, statements relating to the launch of new products, entry into licensing agreements, and future prospects of Mitek's recurring royalties growth and sales volume, including involving ImageNet Payment or ImageNet Mobile Deposit. Actual results could differ from such forward-looking statements. There can be no assurance that Mitek will achieve results set forth herein. Mitek and Mitek Systems are registered trademarks of Mitek Systems, Inc.

Contacts: News Media Rogers & Cowan Jason Magner 310-854-8128 jmagner@rogersandcowan.com Investors Mitek Systems Inc. Tesfaye Hailemichael 858-503-7810 tesfaye@miteksystems.com MITEK SYSTEMS, INC. CONDENSED BALANCE SHEET (Unaudited) June 30, June 30, 2008 2007 ASSETS Current assets $2,901,000 $3,117,000 Property and equipment - net 79,000 62,000 Software development costs 124,000 - Other assets 29,000 30,000 TOTAL ASSETS $3,133,000 $3,209,000 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities $1,501,000 $1,382,000 Long term liabilities 53,000 40,000 TOTAL LIABILITIES 1,554,000 1,422,000 Stockholders' equity: Common stock 17,000 17,000 Additional paid-in capital 14,765,000 14,545,000 (Accumulated deficit) (13,203,000) (12,775,000) Total stockholder's equity 1,579,000 1,787,000 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $3,133,000 $3,209,000 MITEK SYSTEMS, INC. STATEMENTS OF OPERATIONS (Unaudited) THREE MONTHS ENDED NINE MONTHS ENDED June 30, June 30, 2008 2007 2008 2007 NET SALES $1,681,000 $1,459,000 $4,206,000 $4,199,000 OPERATING COSTS AND EXPENSES: Cost of sales 358,000 194,000 676,000 459,000 Operations 23,000 21,000 72,000 65,000 Selling and marketing 413,000 312,000 1,093,000 862,000 Research and development 432,000 437,000 1,464,000 1,434,000 General and administrative 415,000 410,000 1,367,000 1,797,000 Total costs and expenses 1,641,000 1,374,000 4,672,000 4,617,000 OPERATING INCOME (LOSS) 40,000 85,000 (466,000) (418,000) Other income - net 2,000 3,000 7,000 2,000 INCOME (LOSS) BEFORE INCOME TAXES 42,000 88,000 (459,000) (416,000) PROVISION FOR INCOME TAXES - - (3,000) (1,000) NET INCOME (LOSS) 42,000 88,000 (462,000) (417,000) NET INCOME (LOSS) PER SHARE - BASIC 0.00 0.01 (0.03) (0.02) WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 16,751,137 16,751,137 16,751,137 16,750,408 NET INCOME (LOSS) PER SHARE - DILUTED 0.00 0.01 (0.03) (0.02) WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 16,751,137 16,809,426 16,751,137 16,750,408

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041117/LAW022LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Mitek Systems, Inc.

CONTACT: News Media, Jason Magner of Rogers & Cowan, +1-310-854-8128,
jmagner@rogersandcowan.com, for Mitek Systems, Inc.; or Investors, Tesfaye
Hailemichael of Mitek Systems, Inc., +1-858-503-7810,
tesfaye@miteksystems.com

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

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