DayStar Technologies Announces Q2 2008 Financial ResultsContinues Progress on Milestones

SANTA CLARA, Calif., Aug. 6 /PRNewswire-FirstCall/ -- DayStar Technologies, Inc. , a developer of photovoltaic products based on CIGS thin-film semiconductor technology, today announced financial results for its second quarter of 2008, ended June 30, 2008.

Net loss for the second quarter was $7.3 million, or a loss of $0.22 per share, compared with a net loss of $6.4 million, or a loss of $0.42 per share in the second quarter of 2007. The increase in net loss mainly reflects higher research and development expenses for DayStar's CIGS-on-glass module and manufacturing process development, as expected. The per share loss was calculated on the weighted average common shares outstanding of 33.1 million, compared with 15.0 million in the second quarter of last year, reflecting the company's public offering in the fourth quarter of 2007.

DayStar had cash, cash equivalents and investments of $47.9 million at June 30, 2008, compared with $56.3 million at March 31, 2008. Except for operating accounts, all of the company's cash is invested in treasury instruments. As of June 30, 2008, the company had total liabilities of $5.8 million, and total stockholders' equity was $56.0 million.

The company also reported second quarter capital investments of $4.5 million to support its planned ramp to commercial production. Outstanding purchase orders for production equipment totaled approximately $15.6 million as of Aug. 4, 2008.

"I am pleased that we have met all of the first half milestones that we set out at the end of last year," said Dr. Stephan DeLuca, chief executive officer. "We demonstrated our single stage sputter deposition process, producing CIGS films with greater than 14 percent conversion efficiency over large areas. We produced mini-modules with greater than 11.5 percent conversion efficiency and the modules passed the critical 1000 hour damp heat cycle testing that indicates a 20 year module lifetime.

"During the first half of 2008, DayStar designed, built and began operations of its manufacturing prototype CIGS coater, Big Baby, and we have begun process scale-up by depositing CIGS on 2'x4' glass panels. We secured a manufacturing facility for our first production line, and we have placed orders for the equipment to build that line. Looking forward, the company expects to have a scaled-up CIGS deposition process on Big Baby by the end of this quarter, and we expect to begin the build-out of the manufacturing line in September, which is necessary for our production line to be up and running in our new facility in the first quarter of next year," he said.

Conference Call

DayStar will hold its second quarter conference call today, Wednesday, Aug. 6, 2008, at 2 pm Pacific time. To listen to the call, dial (210) 234- 0001 approximately 10 minutes prior to the start of the call. The pass code is DayStar. A taped replay will be made available approximately one hour after the conclusion of the call and will remain available for one week. To access the replay, dial (203) 369-0733.

About DayStar Technologies, Inc.

DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of photovoltaic products based upon CIGS thin film semiconductor technology. For more information, visit the DayStar website at http://www.daystartech.com/.

Certain statements contained in this press release, including statements regarding the future business of DayStar, the timing progress of its commercial manufacturing capacity, its technological development and other statements contained herein regarding matters that are not historical facts, are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward- looking statements include, but are not limited to, those factors discussed in the section entitled "Risk Factors" in our Annual Report on Form 10-KSB for the year ended December 31, 2007 and other periodic reports filed with the Securities and Exchange Commission. You should not place undue reliance on the forward-looking statements in this press release, and we disavow any obligation to update or supplement those statements in the event of any changes in the facts, circumstances, or expectations that underlie those statements.

DAYSTAR TECHNOLOGIES, INC. (A DEVELOPMENT STAGE ENTERPRISE) CONSOLIDATED BALANCE SHEETS June 30, 2008 December 31, 2007 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $30,828,340 $61,365,559 Investments 17,028,665 - Other current assets 590,542 666,511 Total current assets 48,447,547 62,032,070 Property and Equipment, at cost 20,403,430 14,911,021 Less accumulated depreciation and amortization (7,292,105) (5,774,823) Net property and equipment 13,111,325 9,136,198 Other Assets 204,873 72,427 Total Assets $61,763,745 $71,240,695 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable and accrued expenses $3,060,023 $2,622,968 Notes and capital leases payable, current portion 179,954 174,996 Total current liabilities 3,239,977 2,797,964 Long-Term Liabilities: Notes and capital leases payable 78,768 171,983 Deferred revenue 420,000 420,000 Deferred rent 282,337 - Stock warrants 1,782,972 2,771,090 Total long-term liabilities 2,564,077 3,363,073 Commitments and Contingencies - - Stockholders' Equity: Preferred stock, $.01 par value; 3,000,000 shares authorized; 0 shares issued and outstanding - - Common stock, $.01 par value; 60,000,000 shares authorized; 33,263,862 and 32,621,262 shares issued and outstanding at June 30, 2008 and December 31, 2007, respectively 332,639 326,213 Additional paid-in capital 137,964,118 135,387,049 Accumulated deficit (10,145,391) (10,145,391) Deficit accumulated during the development stage (72,245,612) (60,488,213) Accumulated other comprehensive income 53,937 - Total stockholders' equity 55,959,691 65,079,658 Total Liabilities and Stockholders' Equity $61,763,745 $71,240,695 DAYSTAR TECHNOLOGIES, INC. (A DEVELOPMENT STAGE ENTERPRISE) CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For the Three Months For the Six Months Ended June 30, Ended June 30, 2008 2007 2008 2007 Revenue: $- $- $- $- Costs and Expenses: Research and development 3,875,213 2,646,540 6,855,436 4,940,172 Selling, general and administrative 2,053,000 1,761,834 4,790,286 3,162,913 Restructuring - 171,564 - 1,554,365 Depreciation and amortization 770,457 762,956 1,524,404 1,457,347 Total costs and expenses 6,698,670 5,342,894 13,170,126 11,114,797 Other Income (Expense): Other income 239,386 41,545 447,771 84,759 Interest expense (10,711) (40,268) (23,162) (128,326) Amortization of note discount and financing costs - (266,911) - (4,067,499) (Loss) gain on derivative liabilities (802,907) (749,585) 988,118 (2,956,339) Loss on extinguishment of debt - - - (6,091,469) Total other income (expense) (574,232) (1,015,219) 1,412,727 (13,158,874) Net Loss $(7,272,902) $(6,358,113) $(11,757,399) $(24,273,671) Weighted Average Common Shares Outstanding (Basic And Diluted) 33,107,248 14,980,229 32,933,857 13,775,359 Net Loss Per Share (Basic and Diluted) $(0.22) $(0.42) $(0.36) $(1.76)

DayStar Technologies, Inc.

CONTACT: Alexis Pascal, Alexis@stapleton.com, or Cathryn Johnson,
Cathryn@stapleton.com, both of Stapleton Communications Inc., +1-650-470-0200,
for DayStar Technologies, Inc.

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

Maxwell Technologies Reports Second Quarter Financial ResultsUltracapacitor Revenue Up 76% as Top Line Grows by 44% vs. Q2 2007CONFERENCE CALL & WEBCAST AT 5 P.M. (EDT) TODAY, - DETAILS BELOW

SAN DIEGO, Aug. 6 /PRNewswire-FirstCall/ -- Maxwell Technologies, Inc. today reported revenue of $19.6 million for its second quarter ended June 30, 2008, an increase of 44 percent over the $13.6 million recorded in the same period in 2007. Operating loss for the second quarter 2008 was $4.0 million, compared with $5.5 million in the same period last year. The net loss for Q208 was $5.0 million, or $0.24 per share, compared with $8.0 million, or $0.45 per share, in Q207. The net loss comparison is affected by a non-cash charge of $1.4 million, or $0.08 per share, in Q207 related to the change in fair value of conversion features of convertible debentures issued in 2005.

Q208 BOOSTCAP(R) ultracapacitor revenue increased by 76 percent to $6.8 million, compared with $3.9 million for the same period last year. High voltage capacitor and microelectronics products also generated increased sales, combining for Q208 revenue of $12.8 million, up 31 percent from the $9.8 million recorded in Q207.

"New ultracapacitor orders for hybrid and electric transit vehicles and wind energy systems combined with existing customer volume to generate the highest quarterly ultracapacitor revenue in the company's history," said David Schramm, Maxwell's president and chief executive officer. "Based on the ultracapacitor growth we have seen over the past several quarters and continuing strong demand for our high voltage and microelectronics products, we are expecting additional top line growth in the third quarter."

Other significant recent developments include: -- An order from Vossloh Kiepe GmbH, a leading producer of heavy vehicle drive systems, for 300 125-volt BOOSTCAP ultracapacitor modules for emission-free electric trolley buses it is producing in collaboration with Van Hool NV for the Milan, Italy, municipal transit system. -- An order from Golden Dragon Bus Co. Ltd., one of the world's largest producers of medium- and heavy-duty buses, for 720 48-volt BOOSTCAP ultracapacitor modules for low-emission diesel-electric hybrid transit buses it is producing for the Hangzhou, China, Public Transit Group.

Q208 gross margin was 28 percent, compared with 20 percent in Q207, and 30 percent in Q108. Operating expenses totaled approximately $9.6 million, or 49 percent of revenue in Q208, compared with $8.2 million, or 60 percent of revenue in Q207, and $8.6 million, or 50 percent of revenue in Q108. Cash and cash equivalents, investments in marketable securities and restricted cash totaled $23.8 million as of June 30, 2008, compared with $28.6 million as of March 31, 2008. Complete financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations will be available with the filing of the company's Quarterly Report on Form 10-Q with the Securities & Exchange Commission.

Management will conduct a conference call and simultaneous webcast to discuss second quarter financial results and the outlook for the balance of 2008 at 5 p.m. (EDT) today. The call may be accessed by dialing toll-free, (800) 862-9098 from the U.S. and Canada, or (785) 424-1051 for international callers. The live webcast may be accessed via the following link: http://www.maxwell.com/investors/investor-calendar.asp. Subsequent replay may be accessed at the company's Presentation Archive via the following link: http://www.maxwell.com/investors/presentations.asp.

Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Our BOOSTCAP(R) ultracapacitor cells and multi-cell modules provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our CONDIS(R) high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Our radiation-mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications.

Forward-Looking Statements -- Statements in this news release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as:

-- the company's history of losses and uncertainty about its ability to achieve or maintain profitability, or to obtain sufficient capital to finance its operations; -- development and acceptance of products based on new technologies; -- demand for original equipment manufacturers' products reaching anticipated levels; -- general economic conditions in the markets served by the company's products; -- cost-effective manufacturing and the success of outsourced manufacturing; -- the impact of competitive products and pricing; -- risks and uncertainties involved in foreign operations, including the impact of currency fluctuations; -- product liability or warranty claims in excess of reserves.

For further information regarding risks and uncertainties associated with Maxwell's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of our SEC filings, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Maxwell's investor relations department at (858) 503-3233 or at our investor relations website: http://www.maxwell.com/investors/sec-filing.asp. All information in this release is as of August 6, 2008. The company undertakes no duty to update any forward-looking statement to reflect actual results or changes in the company's expectations.

MAXWELL TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenues: Sales $19,112 $13,168 $35,889 $25,361 License fee and service revenue 505 454 1,062 817 Total revenues 19,617 13,622 36,951 26,178 Cost of sales 14,082 10,930 26,188 20,073 Gross profit 5,535 2,692 10,763 6,105 Operating expenses: Selling, general and administrative 5,872 5,018 11,211 10,073 Research and development 3,586 3,094 6,793 5,911 Amortization of intangibles 93 65 176 84 Loss on sale of equipment - 11 - 52 Total operating expenses 9,551 8,188 18,180 16,120 Loss from operations (4,016) (5,496) (7,417) (10,015) Interest expense, net (111) (310) (267) (629) Amortization of debt discount and prepaid debt costs (641) (904) (1,369) (1,808) Gain (loss) on embedded derivatives and warrants 33 (1,426) (960) 73 Other income (expense), net 13 109 (20) 205 Loss before income taxes (4,722) (8,027) (10,033) (12,174) Income tax provision (benefit) 255 (59) 501 (158) Net loss $(4,977) $(7,968) $(10,534) $(12,016) Basic and diluted net loss per common share $(0.24) $(0.45) $(0.52) $(0.69) Shares used in computing net loss per common share - basic and diluted 20,520 17,710 20,342 17,399 MAXWELL TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) (Unaudited) June 30, December 31, 2008 2007 ASSETS Current assets: Cash and cash equivalents $14,293 $14,579 Investments in marketable securities 699 7,635 Trade and other accounts receivable, net 15,004 13,933 Inventories, net 18,466 14,717 Prepaid expenses and other current assets 2,966 1,657 Total current assets 51,428 52,521 Property and equipment, net 17,908 14,636 Intangible assets, net 3,386 3,154 Goodwill 23,120 21,183 Prepaid pension asset 9,654 8,369 Restricted cash 8,825 8,000 Other non-current assets 246 417 Total assets $114,567 $108,280 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $17,063 $9,516 Accrued warranty 606 768 Accrued employee compensation 3,988 2,885 Short-term borrowings and current portion of long-term debt 17,304 16,472 Deferred tax liability 378 378 Total current liabilities 39,339 30,019 Deferred tax liability, long-term 1,493 1,493 Convertible debenture and long-term debt, excluding current portion 9,313 13,544 Stock warrants 1,035 577 Other long-term liabilities 544 535 Other long-term liabilities 51,724 46,168 Commitments and contingencies Stockholders' equity: Common stock, $0.10 par value per share, 40,000 shares authorized; 21,178 and 20,417 shares issued and outstanding at June 30, 2008 and December 31, 2007, respectively 2,107 2,042 Additional paid-in capital 180,344 172,899 Accumulated deficit (130,628) (120,094) Accumulated other comprehensive income 11,020 7,265 Total stockholders' equity 62,843 62,112 Total liabilities and stockholders' equity $114,567 $108,280

Maxwell Technologies, Inc.

CONTACT: Michael Sund of Maxwell Technologies, Inc., +1-858-503-3233,
msund@maxwell.com

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

SoftBrands Announces Third Quarter Fiscal 2008 Results

MINNEAPOLIS, Aug. 6 /PRNewswire-FirstCall/ -- SoftBrands, Inc. , a global supplier of enterprise application software, today announced its financial results for the third quarter of fiscal 2008, ended June 30, 2008.

Revenues for third quarter fiscal 2008 increased 15.8 percent to $27.4 million, compared with $23.6 million in the prior year quarter. License revenue was 15.6% of total revenues in the current quarter, compared with 18.1% in third quarter fiscal 2007. Maintenance revenue was 52.5% of total revenues in the current quarter, compared with 61.1% of revenues in third quarter fiscal 2007. Professional services revenue was 26.2% of total revenues in the quarter, compared with 17.2% in the prior year quarter.

SoftBrands reported operating income of $3.8 million in the third quarter of fiscal 2008, compared with an operating loss of $(1.4) million in the fiscal 2007 quarter. The company reported a net loss available to common shareholders of $(0.1) million, or $(0.00) per diluted share, compared with a net loss available to common shareholders of $(2.1) million, or $(0.05) per diluted share, for third quarter fiscal 2007. The prior year's quarter includes the impact of a $1.6 million charge associated with restructuring activities in the company's manufacturing business.

"We are pleased with our performance in the third quarter, which was our largest revenue quarter in the company's history, reflecting the impact of large group contracts in our hospitality business and strength in our consulting businesses," said Randy Tofteland, SoftBrands' president and chief executive officer. "In addition, both of our businesses contributed to our strong operating profit performance in the quarter."

SoftBrands today updated its guidance for fiscal 2008 for GAAP revenue of approximately $100 million and operating income of 4% to 5% of revenues.

Highlights of the third quarter and other recent developments include:

-- SoftBrands today announced in a separate news release that it has appointed Jo-Ann (Jo) Masters senior vice president and general manager, Hospitality. She will assume the role from Steve VanTassel, the current leader of the business, effective Oct. 1, 2008. Masters is currently vice president and general manager, SoftBrands Hospitality Americas.

-- HyperTec Systems, a computer electronics manufacturer based in Quebec, selected SoftBrands and its FourthShift Edition for SAP Business One solution. The 100-seat contract represents one of the largest SAP Business One deals in North America.

-- SoftBrands was named SAP's first Extended Business Network Partner, which will allow SoftBrands to recruit its own SAP Business One/Fourth Shift Edition partners. The company expects that this will result in larger revenue opportunities for its channel business.

In the company's manufacturing business, third quarter fiscal 2008 revenues were $12.5 million, compared with $13.0 million in third quarter fiscal 2007. Third quarter fiscal 2008 operating income in manufacturing was

$2.7 million, compared with $0.5 million in the prior year's quarter which included $1.6 million in restructuring charges.

"Our manufacturing business delivered strong profitability in the quarter. Our SAP business grew as a percentage of our total revenue, but we are not yet at the point where our SAP business is fully offsetting the natural attrition in our base business," said Tofteland. "In the fourth quarter, we expect stronger license performance from the manufacturing business. In fiscal 2009 we expect our manufacturing business to deliver top-line growth as revenue growth accelerates in our SAP business."

In the company's hospitality business, third quarter fiscal 2008 revenues were $14.9 million, compared with $10.6 million in the prior year's quarter. In third quarter fiscal 2008 SoftBrands' hospitality business posted operating income of $1.1 million, compared with an operating loss of $(1.9) million in the prior year's quarter.

"Our hospitality business posted its highest revenue quarter ever, with double-digit increases in license and professional services revenue," said Tofteland. "Hospitality's results included significant revenue from Red Roof Inns, which will continue to have a material positive impact on our results for the next nine to 12 months."

From a geographic perspective, 65% of revenues were generated in the Americas in the quarter; 20% in the EMEA region; and 15% in the Asia Pacific region. This compares to a respective mix of 53%, 26% and 21% in the prior year's quarter.

Nine Month Results

SoftBrands revenues for the first nine months of fiscal 2008 were $73.3 million, compared with $70.0 million in the fiscal 2007 period. SoftBrands reported operating income of $1.8 million for the first nine months of fiscal 2008, compared with an operating loss of $(1.8) million for the fiscal 2007 period. The company reported a net loss available to common shareholders in the fiscal 2008 period of $(1.3) million, or $(0.03) per diluted share, compared with a loss of $(5.4) million, or $(0.13) per diluted share in the fiscal 2007 nine-month period.

Cash and Liquidity

As of June 30, 2008, SoftBrands had $12.0 million in cash and cash equivalents, an increase from $9.4 million at the end of the previous quarter. SoftBrands' total current assets, which include accounts receivable, increased to $41.6 million from $39.0 million at the end of the previous quarter. Deferred revenue was $26.6 million at the end of the third quarter, a decrease from $29.9 million at the end of the previous quarter.

Conference Call

SoftBrands will hold its third quarter earnings conference call at 5:00 pm Eastern Time today, Aug. 6, 2008. Interested parties may listen to the call by dialing 866-831-6267 or international 617-213-8857 (passcode: 89825725) A live webcast will also be available at SoftBrands' website at http://www.softbrands.com/. A replay will be available approximately one hour after the conference call concludes and will remain available through Aug. 13, 2008. The replay number is 888-286-8010 and international 617-801-6888 (passcode: 55377240). The webcast will be archived on SoftBrands' website for approximately one year.

Forward-Looking Statements

All statements other than historical facts included in this release regarding future operations are subject to the risks inherent in predictions and "forward-looking statements." These statements are based on the beliefs and assumptions of management of SoftBrands and on information currently available to us. Nevertheless, these forward-looking statements should not be construed as guarantees of future performance. They involve risks, uncertainties, and assumptions identified in filings by SoftBrands with the SEC, including, but not limited to, the following:

-- Changes in the economy, natural disasters, disease or other events that affect the manufacturing and hospitality segments or the geographies we serve; -- Our increasing dependence upon our relationship with SAP; -- Our ability to continue to satisfy covenants with our lender; -- Our ability to timely complete and introduce, and the market acceptance of our new products; -- Our ability to properly document our sales consistent with the manner in which we recognize revenue; -- Our ability to manage international operations; -- Our ability to maintain and expand our base of clients on software maintenance programs; and -- The effects of and our ability to rapidly adapt to changes in standards for operating systems, databases and other technologies. About SoftBrands

SoftBrands, Inc. is a leader in providing software solutions for businesses in the manufacturing and hospitality industries worldwide. The company has established a global infrastructure for distribution, development and support of enterprise software, and has approximately 5,000 customers in more than 100 countries actively using its manufacturing and hospitality products. SoftBrands, which has approximately 775 employees, is headquartered in Minneapolis, Minn., with branch offices in Europe, India, Asia, Australia and Africa. Additional information can be found at http://www.softbrands.com/.

Contact: Gregg Waldon Chief Financial Officer gregg.waldon@softbrands.com 612-851-1805 Susan Eich Vice President, Corporate Communications susan.eich@softbrands.com 612-851-6205 Tables Follow SoftBrands, Inc. Consolidated Balance Sheets June 30, September 30, (In thousands, except share and per 2008 2007 share data) (Unaudited) ASSETS Current assets: Cash and cash equivalents $12,022 $8,682 Accounts receivable, net 24,537 15,683 Prepaid expenses and other current assets 5,083 4,474 Total current assets 41,642 28,839 Furniture, fixtures and equipment, net 2,163 2,602 Goodwill 36,340 37,271 Intangible assets, net 5,133 7,433 Other long-term assets 487 439 Total assets $85,765 $76,584 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term obligations $3,439 $3,510 Revolving loan 7,115 1,585 Accounts payable 4,122 4,554 Accrued expenses 8,919 8,329 Accrued restructuring costs 273 423 Deferred revenue 26,643 21,015 Other current liabilities 2,704 2,354 Total current liabilities 53,215 41,770 Long-term obligations 13,510 16,082 Other long-term liabilities 687 832 Total liabilities 67,412 58,684 Commitments and contingencies Stockholders' equity: Series A and undesignated preferred stock, $.01 par value; 10,647,973 shares authorized; no shares issued or outstanding - - Series B convertible preferred stock, $.01 par value; 4,331,540 shares authorized, issued and outstanding; liquidation value of $4,591 5,068 5,068 Series C-1 convertible preferred stock, $.01 par value; 18,000 shares authorized, issued and outstanding; liquidation value of $18,000 plus unpaid dividends of $728 and $368, respectively 18,000 18,000 Series D convertible preferred stock, $.01 par value; 6,673 shares authorized, 6,000 shares issued and outstanding; liquidation value of $6,000 plus unpaid dividends of $242 and $123, respectively 5,051 5,051 Common stock, $.01 par value; 110,000,000 shares authorized; 41,883,952 and 41,391,043 shares issued and outstanding, respectively 419 414 Additional paid-in capital 174,370 174,009 Accumulated other comprehensive loss (864) (811) Accumulated deficit (183,691) (183,831) Total stockholders' equity 18,353 17,900 Total liabilities and stockholders' equity $85,765 $76,584 SoftBrands, Inc. Consolidated Statements of Operations Three Months Ended Nine Months Ended June 30, June 30, (In thousands, except 2008 2007 2008 2007 per share data) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues: Software licenses $4,278 $4,274 $11,287 $12,607 Maintenance and support 14,360 14,431 41,437 41,670 Professional services 7,177 4,071 16,794 13,416 Third-party software and hardware 1,548 845 3,749 2,348 Total revenues 27,363 23,621 73,267 70,041 Cost of revenues: Software licenses 499 904 1,677 2,133 Maintenance and support 3,907 4,058 12,063 12,157 Professional services 4,199 3,952 12,214 12,585 Third-party software and hardware 1,535 772 3,452 1,913 Total cost of revenues 10,140 9,686 29,406 28,788 Gross profit 17,223 13,935 43,861 41,253 Operating expenses: Selling and marketing 4,578 5,341 14,498 15,316 Research and product development 4,305 3,399 12,150 10,574 General and administrative 4,556 4,989 15,437 15,508 Restructuring related charges - 1,630 25 1,630 Total operating expenses 13,439 15,359 42,110 43,028 Operating income (loss) 3,784 (1,424) 1,751 (1,775) Interest expense (303) (492) (1,291) (1,436) Other income (expense), net 183 (118) 693 (158) Income (loss) before provision for (benefit from) income taxes 3,664 (2,034) 1,153 (3,369) Provision for (benefit from) income taxes 3,236 (387) 1,013 586 Net income (loss) 428 (1,647) 140 (3,955) Preferred stock dividends (485) (485) (1,461) (1,467) Net loss available to common shareholders $(57) $(2,132) $(1,321) $(5,422) Basic and diluted loss per common share $(0.00) $(0.05) $(0.03) $(0.13) Weighted-average common shares outstanding: Basic and diluted 41,880 41,283 41,708 41,264 SoftBrands, Inc. Supplemental Financial Information (Unaudited, in thousands) Revenues and Operating Income (Loss) Three Months Ended June 30, 2008 2007 % Change Operating Operating Operating Income Income Income Revenues (Loss) Revenues (Loss) Revenues (Loss) Manufacturing $12,463 $2,708 $12,973 $462 -3.9% 486.1% Hospitality 14,900 1,076 10,648 (1,886) 39.9% 157.1% Total $27,363 $3,784 $23,621 $(1,424) 15.8% 365.7% Nine Months Ended June 30, 2008 2007 % Change Operating Operating Operating Income Income Income Revenues (Loss) Revenues (Loss) Revenues (Loss) Manufacturing $36,939 $6,706 $37,813 $2,453 -2.3% 173.4% Hospitality 36,328 (4,955) 32,228 (4,228) 12.7% -17.2% Total $73,267 $1,751 $70,041 $(1,775) 4.6% 198.6% Revenues by Segment and Type Three Months Ended June 30, 2008 2007 Manufacturing Hospitality Total Manufacturing Hospitality Total Software licenses $1,346 $2,932 $4,278 $1,786 $2,488 $4,274 Maintenance and support 7,873 6,487 14,360 8,522 5,909 14,431 Professional services 3,015 4,162 7,177 2,470 1,601 4,071 Third-party software and hardware 229 1,319 1,548 195 650 845 Total $12,463 $14,900 $27,363 $12,973 $10,648 $23,621 Nine Months Ended June 30, 2008 2007 Manufacturing Hospitality Total Manufacturing Hospitality Total Software licenses $4,077 $7,210 $11,287 $4,468 $8,139 $12,607 Maintenance and support 23,786 17,651 41,437 24,479 17,191 41,670 Professional services 8,588 8,206 16,794 8,276 5,140 13,416 Third-party software and hardware 488 3,261 3,749 590 1,758 2,348 Total $36,939 $36,328 $73,267 $37,813 $32,228 $70,041 SoftBrands, Inc. Supplemental Financial Information (Unaudited, in thousands) Revenues by Segment and Geography Three Months Ended June 30, 2008 2007 Manufacturing Hospitality Total Manufacturing Hospitality Total Americas $7,659 $10,270 $17,929 $7,584 $5,015 $12,599 Europe, Middle East and Africa 3,243 2,103 5,346 3,545 2,490 6,035 Asia Pacific 1,561 2,527 4,088 1,844 3,143 4,987 Total $12,463 $14,900 $27,363 $12,973 $10,648 $23,621 Nine Months Ended June 30, 2008 2007 Manufacturing Hospitality Total Manufacturing Hospitality Total Americas $22,330 $23,506 $45,836 $21,976 $19,010 $40,986 Europe, Middle East and Africa 9,904 6,437 16,341 10,660 7,100 17,760 Asia Pacific 4,705 6,385 11,090 5,177 6,118 11,295 Total $36,939 $36,328 $73,267 $37,813 $32,228 $70,041

SoftBrands, Inc.

CONTACT: Gregg Waldon, Chief Financial Officer, +1-612-851-1805,
gregg.waldon@softbrands.com, or Susan Eich, Vice President, Corporate
Communications, +1-612-851-6205, susan.eich@softbrands.com, both of
SoftBrands, Inc.

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

Blackboard Inc. Reports Second Quarter 2008 Results- Company Raises Cash Flow from Operations Guidance -- Revenue Increases 27 Percent to $75.5 Million -

WASHINGTON, Aug. 6 /PRNewswire-FirstCall/ -- Blackboard Inc. today announced financial results for the second quarter ended June 30, 2008 and updated guidance for the third quarter and the full year of 2008.

Total revenue for the quarter ended June 30, 2008 was $75.5 million, an increase of 27 percent over the second quarter of 2007. Product revenues for the quarter were $68.4 million, an increase of 31 percent over the second quarter of 2007, while professional services revenues for the quarter were $7.2 million, an increase of 1 percent over the second quarter of 2007. The increase in product revenue was driven by continued strong growth in Blackboard's annual licensing of enterprise level products and managed hosting service to global academic clients. Our revenue and earnings would have been stronger in the quarter but the Company's financials were impacted by the delay in the release of the Blackboard Transaction System(TM) 3.0.

Net income was $1.0 million, resulting in net income per basic and diluted share of $0.03 for the second quarter of 2008 compared to net income of $3.4 million and net income per basic and diluted share of $0.12 for the second quarter of 2007. Non-GAAP adjusted net income for the second quarter of 2008, which excludes the amortization of acquisition-related intangible assets, net of taxes, was $6.9 million, resulting in non-GAAP adjusted net income per diluted share of $0.22 compared to non-GAAP adjusted net income of $6.8 million and non-GAAP adjusted net income per diluted share of $0.23 for the second quarter of 2007. Included in the results for the second quarter of 2008 is a $3.3 million benefit to operating income from the patent judgment against Desire2Learn, Inc. as well as a $4.0 million benefit to other income from a gain on investment.

"We had strong product sales in the second quarter driven by an increasing number of large deals including our initial statewide wins," said Michael Chasen, CEO and President of Blackboard Inc. "Sales during the quarter were particularly strong in the U.S. higher education market and once again, we experienced increased demand for our managed hosting services."

Highlights from the Second Quarter of 2008 -- A few of Blackboard's new and expanded client relationships in the quarter included: -- U.S. Higher Education: Charleston Blackhawk Technical College, Brookdale Community College, Calhoun Community College, Centennial College, Christopher Newport University, Embry-Riddle Aeronautical University, Frederick Community College, Maricopa Community College, Northwest Arkansas Community College, Palm Beach Community College, Santa Barbara City College, Shawnee Community College, Temple University, University of North Carolina - General Administration, University of Great Falls, University of Saint Francis and others. -- International: Aston University, Imperial College London, Leiden University, Northumberland College, SENA, Sheffield Hallam University, South Wales Higher Education Partnership, Spiru Haret University, University of Manchester and others. -- K-12: Baltimore City Public Schools (MD), Broward County Public Schools (FL), Clear Creek Independent School District (TX), Fairfax County Public Schools (VA), Indian Oasis-Baboquivari Unified School District (AZ), Naperville CUSD 203 (IL), Poway Unified School District (CA), Tulsa Technology Center (OK), Volusia County Public Schools (FL), Walnut Valley Unified School District (CA), Westport Public Schools (CT) and others. -- Blackboard won several key statewide deals in the quarter including: -- Blackboard was selected by the State of New Mexico to partner in a landmark initiative to deploy a single, statewide e-learning platform that will be the first of its kind to connect teaching, learning, and training for the state's K-20, adult education, and government communities. -- The State of Mississippi has implemented the Blackboard's Connect service to provide the Executive Director of Mississippi Emergency Management Agency (MEMA) and the Governor of Mississippi the ability to communicate with residents and staff regarding time-sensitive incidents. -- The State of Florida selected Blackboard for a pilot program allowing the Florida Division of Emergency Management and four Florida counties, including Brevard County, Orange County, Pasco County, and Polk County, to use the Blackboard Connect service for time-sensitive alerts and notifications. -- Other key highlights of the quarter include: -- Nearly 200 new Blackboard Connect deals closed in the second quarter with 35 Blackboard Connect cross-sell deals to existing Blackboard U.S. higher education clients. -- Blackboard announced the formation of the Blackboard K-12 Advisory Board and appointed five initial members including, Thomas G. Carroll, PhD, Therese "Terry" Crane, Ed.D., Joe A. Hairston, Ed.D., Linda Pittenger and Paul E. Resta, PhD. Members of the K-12 Advisory Board will help Blackboard identify and respond to critical issues confronting today's educators, track and discuss developing trends, and advise on future partnerships and alliances. Outlook for the Third Quarter and Full Year of 2008 Third Quarter of 2008: -- Revenue of $82.0 to $84.0 million; -- Amortization of acquired intangibles of approximately $9.9 million;

-- Net loss of ($600,000) to net income of $700,000, resulting in net loss per basic share of ($0.02) to net income per diluted share of $0.02, which is based on an estimated 31.3 million basic shares and 32.3 million diluted shares, respectively, and an estimated effective tax rate of approximately zero percent;

-- Non-GAAP adjusted net income, excluding the amortization of acquired intangibles and the associated tax impact, of $5.8 to $6.6 million, resulting in non-GAAP adjusted net income per diluted share of $0.18 to $0.20 based on an estimated 32.3 million diluted shares and an estimated effective tax rate of 37 percent.

Full Year 2008: -- Revenue of $312.0 to $316.0 million; -- Amortization of acquired intangibles of approximately $38.3 million; -- Stock-based compensation expense of approximately $15.5 million;

-- Net loss of $(300,000) to net income of $2.3 million, resulting in net loss per basic share of ($0.01) to net income per diluted share of $0.07, which is based on an estimated 31.8 million basic shares and 32.0 million diluted shares, respectively, and an estimated effective tax rate of approximately zero percent;

-- Non-GAAP adjusted net income excluding the amortization of acquired intangibles and the associated tax impact, of $23.5 to $25.1 million, resulting in non-GAAP adjusted net income per diluted share of $0.73 to $0.78 based on an estimated 32.0 million diluted shares and an estimated effective tax rate of 37 percent (which reflects an effective rate of 28 percent for the fourth quarter of 2008);

-- Cash flow from operations of $75.0 to $80.0 million. Conference Call

Blackboard will broadcast its second quarter conference call live over the Internet today beginning at 4:30 p.m. (Eastern). Interested parties can access the webcast through the Investor Relations section of the Company's Web site at http://investor.blackboard.com/.

A replay of the call will be available via telephone at approximately 7:00 p.m. (ET) on August 6, 2008. To listen to the replay, participants in the U.S. and Canada should dial 888-286-8010, and international participants should dial +1 (617) 801-6888. The conference ID for the replay is 83748927.

BLACKBOARD INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share amounts) Three Months Ended Six Months Ended June 30 June 30 ----------------------- ---------------------- 2007 2008 2007 2008 ----------- ----------- ----------- ---------- (unaudited) (unaudited) (unaudited) (unaudited) Revenues: Product $52,299 $68,377 $102,280 $131,486 Professional services 7,105 7,170 12,404 12,537 ----------- ----------- ----------- ---------- Total revenues 59,404 75,547 114,684 144,023 Operating expenses: Cost of product revenues, excludes $2,928 and $4,572 for the three months ended June 30, 2007 and 2008, respectively, and $5,749 and $8,660 for the six months ended June 30, 2007 and 2008, respectively, in amortization of acquired technology included in amortization of intangibles resulting from acquisitions shown below (1) 11,922 18,000 23,619 33,971 Cost of professional services revenues (1) 4,138 5,134 7,902 10,084 Research and development (1) 6,999 9,944 13,952 19,677 Sales and marketing (1) 16,370 22,763 31,203 43,620 General and administrative (1) 8,829 12,461 17,859 25,215 Proceeds from patent judgment - (3,313) - (3,313) Amortization of intangibles resulting from acquisitions 5,493 9,729 10,892 18,408 ----------- ----------- ----------- ---------- Total operating expenses 53,751 74,718 105,427 147,662 ----------- ----------- ----------- ---------- Income (loss) from operations 5,653 829 9,257 (3,639) Other income (expense): Interest expense (1,157) (1,917) (1,915) (3,747) Interest income 507 258 912 1,148 Other income 876 3,780 949 4,090 ----------- ----------- ----------- ---------- Income (loss) before provision for income taxes 5,879 2,950 9,203 (2,148) Provision for income taxes (2,440) (1,913) (3,820) (108) ----------- ----------- ----------- ---------- Net income (loss) $3,439 $1,037 $5,383 $(2,256) =========== =========== =========== ========== Net income (loss) per common share: Basic $0.12 $0.03 $0.19 $(0.07) =========== =========== =========== ========== Diluted $0.12 $0.03 $0.18 $(0.07) =========== =========== =========== ========== Weighted average number of common shares: Basic 28,706,575 30,981,113 28,525,603 30,574,931 =========== =========== =========== ========== Diluted 29,860,118 31,939,435 29,774,861 30,574,931 =========== =========== =========== ========== (1) Includes the following amounts related to stock-based compensation: Cost of product revenues $120 $258 $249 $435 Cost of professional services revenues 175 69 291 232 Research and development 170 190 286 352 Sales and marketing 1,152 1,665 1,930 3,081 General and administrative 1,401 1,615 2,474 3,378 Reconciliation of income (loss) before provision for income taxes to non-GAAP adjusted net income (2): Income (loss) before provision for income taxes $5,879 $2,950 $9,203 $(2,148) Add: Amortization of intangibles resulting from acquisitions 5,493 9,729 10,892 18,408 Adjusted provision for income taxes (3) (4,610) (5,756) (8,122) (7,379) ----------- ----------- ----------- ---------- Non-GAAP adjusted net income $6,762 $6,923 $11,973 $8,881 =========== =========== =========== ========== Non-GAAP adjusted net income per common share - diluted $0.23 $0.22 $0.40 $0.28 =========== =========== =========== ========== (2) Non-GAAP adjusted net income and non-GAAP adjusted net income per share are non-GAAP financial measures and have no standardized measurement prescribed by GAAP. Management believes that both measures provide additional useful information to investors regarding the Company's ongoing financial condition and results of operations and since the Company has historically reported these non-GAAP results they provide an additional basis for comparisons to prior periods. The non-GAAP financial measures may not be comparable with similar non-GAAP financial measures used by other companies and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. The Company provides the above reconciliation to the most directly comparable GAAP financial measure to allow investors to appropriately consider each non-GAAP financial measure. (3) Adjusted provision for income taxes is applied at an effective rate of approximately 40.5% and 45.4% for the three months ended June 30, 2007 and 2008, respectively, and approximately 40.4% and 45.4% for the six months ended June 30, 2007 and 2008, respectively. BLACKBOARD INC. CONDENSED CONSOLIDATED BALANCE SHEETS December 31, June 30, 2007 2008 ------------ ----------- (unaudited) (in thousands, except per share amounts) ASSETS Current assets: Cash and cash equivalents $206,558 $55,295 Accounts receivable, net 52,846 94,116 Inventories 2,089 1,781 Prepaid expenses and other current assets 5,255 9,845 Deferred tax asset, current portion 6,549 7,213 Deferred cost of revenues 6,877 5,854 ------------ ----------- Total current assets 280,174 174,104 Deferred tax asset, noncurrent portion 34,154 15,662 Common stock warrant - 3,980 Restricted cash 4,015 4,930 Property and equipment, net 18,584 33,310 Goodwill and intangible assets, net 168,349 359,393 ------------ ----------- Total assets $505,276 $591,379 ============ =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $3,747 $4,053 Accrued expenses 24,182 25,423 Deferred rent, current portion 160 336 Deferred revenues, current portion 126,600 137,135 ------------ ----------- Total current liabilities 154,689 166,947 Notes payable, net of debt discount 161,519 162,406 Deferred rent, noncurrent portion 1,469 7,479 Deferred revenues, noncurrent portion 2,925 5,582 Stockholders' equity: Common stock, $0.01 par value 292 311 Additional paid-in capital 263,582 330,110 Accumulated deficit (79,200) (81,456) ------------ ----------- Total stockholders' equity 184,674 248,965 ------------ ----------- Total liabilities and stockholders' equity $505,276 $591,379 ============ =========== BLACKBOARD INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Six Months Ended June 30 --------------------------- 2007 2008 ---------- ---------- (unaudited) (unaudited) (in thousands) Cash flows from operating activities Net income (loss) $5,383 $(2,256) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Deferred income tax benefit (1,464) (2,914) Excess tax benefits from stock-based compensation (4,444) (1,021) Amortization of debt discount 806 887 Depreciation and amortization 5,164 7,389 Amortization of intangibles resulting from acquisitions 10,892 18,408 Change in allowance for doubtful accounts 70 335 Noncash stock-based compensation 5,230 7,478 Gain on common stock warrant - (3,980) Changes in operating assets and liabilities: Accounts receivable (12,332) (33,482) Inventories 525 308 Prepaid expenses and other current assets (2,855) (3,516) Deferred cost of revenues 487 1,023 Accounts payable 908 (2,544) Accrued expenses 4,488 (295) Deferred rent 39 6,186 Deferred revenues (11,522) 3,148 ---------- ---------- Net cash provided by (used in) operating activities 1,375 (4,846) Cash flows from investing activities Purchases of property and equipment (7,089) (17,358) Payments for patent enforcement costs (2,090) (2,448) Purchase of intangible assets (1,530) - Acquisitions, net of cash acquired - (132,902) ---------- ---------- Net cash used in investing activities (10,709) (152,708) Cash flows from financing activities Proceeds from notes payable 160,456 - Payments on term loan (24,400) - Payments on letters of credit (338) (27) Excess tax benefits from stock-based compensation 4,444 1,021 Proceeds from exercise of stock options 7,849 5,297 ---------- ---------- Net cash provided by financing activities 148,011 6,291 ---------- ---------- Net increase (decrease) in cash and cash equivalents 138,677 (151,263) Cash and cash equivalents at beginning of period 30,776 206,558 ---------- ---------- Cash and cash equivalents at end of period $169,453 $55,295 ========== ========== Use of Non-GAAP Financial Measures

This release includes information about the Company's non-GAAP adjusted net income and non-GAAP adjusted net income per share which are non-GAAP financial measures. Management believes that both measures, which exclude amortization of acquired intangibles and the associated tax impact, provide additional useful information to investors regarding the Company's ongoing financial condition and results of operations and aspects of current operating performance which can be effectively managed. Since the Company has historically reported these non-GAAP results to the investment community, management also believes the inclusion of these non-GAAP financial measures provides consistency in its financial reporting and facilitates investors' understanding of the Company's historic operating trends by providing an additional basis for comparisons to prior periods. In addition, the Company's internal reporting, including information provided to the Company's Audit Committee and Board of Directors, contains non-GAAP measures. The Company has also adopted internal compensation metrics that are determined on a basis that excludes amortization of acquired intangibles and the associated tax impact.

A material limitation associated with the use of the above non-GAAP financial measures is that they have no standardized measurement prescribed by GAAP and may not be comparable with similar non-GAAP financial measures used by other companies. The Company compensates for these limitations by providing full disclosure of each non-GAAP financial measure and reconciliation to the most directly comparable GAAP financial measure which investors can use to appropriately consider each financial measure determined under GAAP as well as on the adjusted non-GAAP basis. However, the non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In addition to the information contained in this release, investors should also review information contained in the Company's Form 10-Q dated May 9, 2008, as well as other filings with the Securities and Exchange Commission when assessing the Company's financial condition and results of operations.

About Blackboard Inc.

Blackboard Inc. is a global leader in enterprise technology and innovative solutions that improve the experience of millions of students and learners around the world every day. Blackboard's solutions allow thousands of higher education, K-12, professional, corporate, and government organizations to extend teaching and learning online, facilitate campus commerce and security, and communicate more effectively with their communities. Founded in 1997, Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Asia and Australia.

Blackboard Educate. Innovate. Everywhere.(TM)

Any statements in this press release about future expectations, plans and prospects for Blackboard and other statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the factors discussed in the "Risk Factors" section of our Form 10-Q filed on May 9, 2008 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of August 6, 2008. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to August 6, 2008.

Blackboard Inc.

CONTACT: Michael Stanton of Blackboard Inc., +1-202-744-0585

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

Optelecom-NKF Reports 23% Revenue Increase; IP Sales More Than Double

GERMANTOWN, Md., Aug. 6 /PRNewswire-FirstCall/ -- Optelecom-NKF, Inc. , a leading global provider of advanced IP-video network solutions, today announced second quarter 2008 results. Expanded international shipments and strong new IP product sales pushed company revenue to record levels for any second quarter.

Revenue totaled $11.3 million, a 23% increase compared to $9.2 million in the second quarter of 2007. Gross profit increased $1.1 million to $6.7 million, or 59% of revenues, for the three months ended June 30, 2008. Optelecom-NKF's IP-related sales jumped 133% in the quarter compared to the second quarter of 2007, while IP sales for the first half of 2008 increased 59% over last year.

The Company reported net income of $24 thousand, or $0.01 per diluted share, for the second quarter of 2008. This compares to a net loss of $(217) thousand, or ($0.06) per diluted share, for the second quarter of 2007. The second quarter of 2008 includes one-time costs before tax of approximately $350 thousand related to a previously announced refinancing and legal restructuring. The Company also received a nonrecurring $116 thousand benefit in income taxes related to this transaction.

Edmund Ludwig, President and CEO of Optelecom-NKF, said, "We enjoyed double-digit revenue growth for the fourth consecutive quarter. Our IP product sales increased significantly as we saw strong demand for our Siqura(R) product suite. International sales grew as we benefited from increased demand as illustrated by our previously announced contract with Electricite de France, a Global Fortune 100 firm."

"We made progress across several fronts during the quarter," added Steve Tamburo, Optelecom-NKF's CFO. "Sales of our expanding Siqura IP product line grew and now represent more than a third of our total revenue.

"In the closing days of the quarter we finalized the reorganization of our international legal structure, enabling us to fully pay down our outstanding line of credit on July 1 and extend the term of our bank loan. This new flexible corporate structure will help streamline future growth. While we recognized a nonrecurring tax gain in the amount of $116 thousand, as expected we incurred significant restructuring and refinancing costs in the quarter."

Second Quarter Conference Call

Optelecom-NKF President and CEO Edmund Ludwig will lead a conference call to discuss second quarter results at 10:00 a.m. Eastern Time, Thursday, August 7, 2008.

Interested parties are welcome to call 888-873-4896 (International Dial In: 617-213-8850) and request the "Optelecom-NKF conference call" shortly before the designated start time or provide the participant passcode 20629994. The telephone conference call will feature a question and answer segment with management. For those parties unable to participate in the live conference call, a replay will be available from noon following the teleconference until August 14, 2008. Those wishing to listen to the replay should call 888-286-8010. (International Dial In: 617-801-6888) and enter passcode number 86427622 when prompted.

The call is being web cast by Thomson Reuters and can be accessed at http://www.earnings.com/ or at Optelecom-NKF's website http://www.optelecom-nkf.com/.

About Optelecom-NKF

Optelecom-NKF, Inc. , is a global supplier of advanced video surveillance solutions, including IP cameras, video servers/codecs, network video recorders, fiber transmission equipment, video management and video analytics software. We deliver complete solutions for traffic monitoring and security of airports, seaports, casinos, prisons, utilities, public transit, city centers, hospitals, and corporate campuses.

Founded in 1972, Optelecom-NKF is committed to providing its customers with expert technical advice and support in addition to products that are developed and tested for professional and mission critical applications. All Optelecom-NKF IP surveillance solutions are marketed under the Siqura(R) name.

The Optelecom-NKF corporate headquarters is in Germantown, Maryland, USA, with European corporate offices in Gouda, the Netherlands, and sales offices or support covering Latin America, France, Spain, the UK, Germany, Italy, Dubai, and Singapore.

Forward-Looking Statements

The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include, among others: the ability of Optelecom-NKF to successfully operate its global business; the ability of the Company to develop and market network video products and solutions for the traffic monitoring, transportation security, commercial and industrial and government markets; lack of reliable vendors, service providers, and outside products; unforeseen changes in competing technologies and products; worldwide economic variances; poor or delayed research and development results; and disparities between forecast and realized sales results. Other important factors that could cause actual results to differ materially are included but are not limited to those listed in Optelecom-NKF's periodic reports and registration statements filed with the Securities and Exchange Commission. Optelecom-NKF does not assume any obligation to update information concerning its expectations.

Investor inquiries should be directed to Mr. Rick Alpert at 301-948-7872. OPTELECOM-NKF, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, (Unaudited) (Dollars in Thousands, Except Share Amounts) 2008 2007 Revenue $11,338 $9,191 Cost of goods sold 4,668 3,643 Gross profit 6,670 5,548 Operating expenses: Sales and marketing 3,021 2,654 Engineering 1,491 1,164 General and administrative 2,079 1,568 Amortization of intangibles 190 188 Total operating expenses 6,781 5,574 (Loss) from operations (111) (26) Interest expense, net 146 279 (Loss) before income taxes (257) (305) Benefit for income taxes 281 88 Net Income (Loss) $24 $(217) Basic Income (loss) per share $.01 $(0.06) Diluted Income (loss) per share $.01 $(0.06) Weighted average common shares outstanding - basic 3,636 3,521 Weighted average common shares outstanding - diluted 3,636 3,521 Net Income (loss) $24 $(217) Foreign currency translation 1 256 Comprehensive income $25 $39 OPTELECOM-NKF, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, (Unaudited) (Dollars in Thousands, Except Share Amounts) 2008 2007 Revenue $21,873 $18,026 Cost of goods sold 8,744 7,565 Gross profit 13,129 10,461 Operating expenses: Sales and marketing 5,681 4,711 Engineering 2,907 2,540 General and administrative 3,741 2,916 Amortization of intangibles 399 371 Total operating expenses 12,728 10,538 Income (loss) from operations 401 (77) Interest expense, net 498 603 (Loss) before income taxes (97) (680) Benefit for income taxes 269 206 Net Income (loss) $172 $(474) Basic Income (loss) per share $.05 $(0.14) Diluted Income (loss) per share $.05 $(0.14) Weighted average common shares outstanding - basic 3,636 3,495 Weighted average common shares outstanding - diluted 3,636 3,495 Net Income (loss) $172 $(474) Foreign currency translation 1,921 428 Comprehensive income (loss) $2,093 $(46) OPTELECOM-NKF, INC. CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2008 AND DECEMBER 31, 2007 (June 30, 2008 Unaudited) (Dollars in Thousands, Except Share Amounts) June 30, Dec. 31, 2008 2007 (unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents $8,604 $5,043 Accounts and contracts receivable, net of allowance for doubtful accounts of $316 and $249 10,072 9,575 Inventories, net 5,616 5,214 Deferred tax asset-current 508 732 Prepaid expenses and other current assets 632 816 Total current assets 25,432 21,380 Property and equipment, less accumulated depreciation of $8,378 and $7,634 2,603 2,594 Deferred tax asset-non-current 3,416 2,284 Intangible assets, net of accumulated amortization of $2,836 and $2,259 8,428 8,241 Goodwill 16,367 15,259 Other assets 220 205 TOTAL ASSETS $56,466 $49,963 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 4,157 $2,623 Accrued payroll 2,285 2,363 Bank line of credit 2,870 1,000 Current portion of notes payable 1,525 1,525 Accrued warranty reserve 399 418 Other current liabilities 1,592 1,184 Total current liabilities 12,828 9,113 Notes payable 14,268 14,245 Deferred tax liability 2,149 2,037 Interest payable 1,328 1,210 Other liabilities 253 257 Total liabilities 30,826 26,862 STOCKHOLDERS' EQUITY Common stock, $.03 par value-shares authorized, 15,000,000; issued and outstanding, 3,636,263 and 3,632,083 shares as of June 30, 2008 and December 31, 2007, respectively 109 109 Additional paid-in capital 15,980 15,534 Accumulated other comprehensive gain 5,327 3,406 Treasury stock, 162,672 shares, at cost (1,265) (1,265) Retained earnings 5,489 5,317 Total stockholders' equity 25,640 23,101 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $56,466 $49,963

Optelecom-NKF, Inc.

CONTACT: Rick Alpert of Optelecom-NKF, Inc., +1-301-948-7872

Web site: http://www.optelecom-nkf.com/

Dot Hill Reports Second Quarter 2008 ResultsCompany exceeds net revenue guidance range and attains record revenue figures

CARLSBAD, Calif., Aug. 6 /PRNewswire-FirstCall/ -- Dot Hill Systems Corp. today announced financial results for the second quarter ended June 30, 2008. For the second quarter of 2008, net revenue was $71.0 million (a record for the company's quarterly net revenue), compared to $56.2 million for the second quarter of 2007, and $52.8 million for the first quarter of 2008, which included a reduction in net revenue of $2.3 million associated with a warrant issued to Hewlett-Packard.

Net revenue for the second quarter of 2008 exceeded the guidance range of $66 to $70 million that the company provided on June 26, 2008.

For the second quarter of 2008, net loss was $7.4 million, or $0.16 per fully diluted share. This compares to a net loss of $3.7 million for the second quarter of 2007, or $0.08 per fully diluted share, and a first quarter 2008 net loss of $6.1 million, or $0.13 per fully diluted share, which included the Hewlett-Packard warrant of $2.3 million and the proceeds from a legal settlement of $3.8 million.

On a non-GAAP basis after excluding share-based compensation expense, foreign currency translation losses and severance costs, net loss for the second quarter of 2008 was $6.0 million, or $0.13 per fully diluted share, and was within the $0.12 to $0.16 net loss per share range issued by the company on June 26, 2008.

Gross margin for the second quarter of 2008 was 10.2 percent as compared to second quarter 2007 gross margin of 12.3 percent and first quarter 2008 gross margin of 7.9 percent. The company attributes the decrease in gross margin percentage on a year-over-year basis primarily to a change in product and customer sales mix, as the company's higher margin net revenue from Sun Microsystems have declined over the past year, while shipments of the company's lower margin Series 2000 and Series 5000 products to NetApp, Hewlett-Packard and other customers have increased. Excluding share-based compensation expense and severance costs, non-GAAP gross margin for the second quarter of 2008 was 10.6 percent.

"We are pleased with our accomplishments during the second quarter of 2008," said Dana Kammersgard, president and chief executive officer, Dot Hill. "Overall, we had a strong quarter as we achieved record net revenue, with three of our OEM customers each generating in excess of 20 percent of our total net revenue. Additionally, we experienced 34 percent sequential net revenue growth and 26 percent net revenue growth on a year-over-year basis. We remain keenly focused on improving margins and reducing costs to reach our goal of sustainable profitability."

The company exited the second quarter of 2008 with cash and cash equivalents of $62.1 million, with no outstanding debt. This compares to the first quarter 2008 balance of cash and cash equivalents of $77.4 million, and no outstanding debt. The sequential decrease in cash and cash equivalents was due primarily to operating losses and increased working capital requirements associated with the significant increase in accounts receivable from Hewlett-Packard.

The company is targeting third quarter 2008 net revenue in the range of $73 to $78 million and a net loss per fully diluted share in the range of $0.06 to $0.10 on a non-GAAP basis, which excludes share-based compensation expense, foreign currency gains or losses, severance and restructuring expenses.

Dot Hill's second quarter 2008 financial results conference call is scheduled to take place on August 6, 2008 at 4:30 p.m. ET. Please join us for a live audio webcast at http://www.dothill.com/ in the Investor Relations section. If you prefer to join via telephone, please dial 877-627-6555 (U.S.) or 719-325-4892 (International) at least five minutes prior to the start of the call. A replay of the webcast will be available on the Dot Hill web site following the conference call. For a telephone replay, dial 888-203-1112 (U.S.) or 719-457-0820 (International) and enter passcode 8017422.

About Non-GAAP Financial Measures

This press release contains financial results that exclude the effects of stock-based compensation expense, severance costs and foreign currency adjustments and are not in accordance with U.S. generally accepted accounting principles (GAAP). The company believes that these non-GAAP financial measures provide meaningful supplemental information to both management and investors that are indicative of the company's core operating results and facilitates comparison of operating results across reporting periods. The company used these non-GAAP measures when evaluating its financial results as well as for internal resource management, planning and forecasting purposes. These non-GAAP measures should not be viewed in isolation from or as a substitute for the company's expected financial results in accordance with GAAP.

About Dot Hill

Delivering innovative technology and global support, Dot Hill empowers the OEM community to bring unique storage solutions to market, quickly, easily and cost-effectively. Offering high performance and industry-leading uptime, Dot Hill's RAID technology is the foundation for best-in-class storage solutions offering enterprise-class security, availability and data protection. The company's products are in use today by the world's leading service and equipment providers, common carriers, advanced technology and telecommunications companies as well as government agencies. Dot Hill solutions are certified to meet rigorous industry standards and military specifications, as well as RoHS and WEEE international environmental standards. Headquartered in Carlsbad, Calif., Dot Hill has offices and/or representatives in China, Germany, Japan, United Kingdom and the United States. For more information, visit us at http://www.dothill.com/.

Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include statements regarding: Dot Hill's projected financial results for the third quarter of 2008; Dot Hill's ability to achieve profitability; and continued diversification of Dot Hill's revenue stream. The risks that contribute to the uncertain nature of the forward-looking statements include, among other things: the risk that actual financial results for the third quarter of 2008 may be different from the financial guidance provided in this press release; the fact that no Dot Hill customer agreements provide for mandatory minimum purchase requirements; the risk that one or more of Dot Hill's OEM or other customers may cancel or reduce orders, not order as forecasted or terminate their agreements with Dot Hill; the risk that Dot Hill's new products may not prove to be popular; the risk that one or more of Dot Hill's suppliers or subcontractors may fail to perform or may terminate their agreements with Dot Hill; unforeseen technological, intellectual property, personnel or engineering issues; and the additional risks set forth in the form 10-K and subsequent reports most recently filed with the Securities and Exchange Commission by Dot Hill. All forward-looking statements contained in this press release speak only as of the date on which they were made. Dot Hill undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

DOT HILL SYSTEMS CORP. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (In Thousands, Except Per Share Amounts) Three Months Ended Six Months Ended June 30, June 30, 2007 2008 2007 2008 NET REVENUE $56,199 $71,027 $109,640 $123,853 COST OF GOODS SOLD 49,275 63,805 96,042 112,465 GROSS PROFIT 6,924 7,222 13,598 11,388 OPERATING EXPENSES: Sales and marketing 3,871 3,647 7,779 7,919 Research and development 4,797 7,125 10,871 14,549 General and administrative 3,322 3,939 6,992 6982 Legal settlement - - - (3,836) Total operating expenses 11,990 14,711 25,642 25,614 OPERATING LOSS (5,066) (7,489) (12,044) (14,226) OTHER INCOME: Interest income, net 1,231 358 2,539 1,066 Other income (expense), net - - - 79 TOTAL OTHER INCOME, NET 1,231 358 2,539 1,145 LOSS BEFORE INCOME TAXES (3,835) (7,131) (9,505) (13,081) INCOME TAX EXPENSE (BENEFIT) (93) 239 199 398 NET LOSS $(3,742) $(7,370) $(9,704) $(13,479) NET LOSS PER SHARE: Basic and diluted $(0.08) $(0.16) $(0.21) $(0.29) WEIGHTED AVERAGE SHARES USED TO CALCULATE NET LOSS PER SHARE: Basic and diluted 45,472 46,055 45,315 46,005 COMPREHENSIVE LOSS: Net loss $(3,742) $(7,370) $(9,704) $(13,479) Foreign currency translation adjustments 163 130 (441) (101) Net unrealized gain on short-term investments - Comprehensive loss $(3,579) $(7,240) $(10,145) $(13,580) DOT HILL SYSTEMS CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In Thousands Except Per Share Amounts) 2007 2008 ASSETS Current Assets: Cash and cash equivalents $82,358 $62,082 Accounts receivable, net of allowance of $629 and $302 32,445 46,458 Inventories 9,013 13,584 Prepaid expenses and other 3,968 4,534 Total current assets 127,784 126,658 Property and equipment, net 9,599 8,231 Intangible assets, net 2,280 1,467 Other assets 264 225 Total assets $139,927 $136,581 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $28,472 $36,004 Accrued compensation 3,115 3,237 Accrued expenses 6,227 4,684 Deferred revenue 1,409 1,196 Income taxes payable 143 488 Total current liabilities 39,366 45,609 Other long-term liabilities 4,132 3,616 Total liabilities 43,498 49,225 Commitments and Contingencies Stockholders' Equity: Preferred stock, $.001 par value, 10,000 shares authorized, no shares issued and outstanding at December 31, 2007 and June 30, 2008, respectively - - Common stock, $.001 par value, 100,000 shares authorized, 45,009 and 45,785 shares issued and outstanding at December 31, 2007 and June 30, 2008, respectively 46 46 Additional paid-in capital 294,193 298,701 Accumulated other comprehensive loss (3,100) (3,202) Accumulated deficit (194,710) (208,189) Total stockholders' equity 96,429 87,356 Total liabilities and stockholders' equity $139,927 $136,581 DOT HILL SYSTEMS CORP. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands) Three Months Ended Six Months Ended June 30, June 30, 2007 2008 2007 2008 Cash Flows Related to Operating Activities: Net loss $(3,742) $(7,369) $(9,704) $(13,479) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 1,647 1,526 3,422 2,991 Loss on disposal of property and equipment 166 62 166 57 Provision for doubtful accounts (41) 51 (41) (120) Issue of warrant to customer - - - 2,282 Share-based compensation expense 752 898 977 1,563 Changes in operating assets and liabilities: Accounts receivable 60 (9,819) 2,169 (13,851) Inventories (631) 843 (826) (4,547) Prepaid expenses and other assets (317) 96 725 (530) Accounts payable (3,407) 383 (3,824) 7,370 Accrued compensation and other expenses (755) (1,327) (3,005) (1,448) Deferred revenue (20) (77) 8 (228) Income taxes payable (143) 219 15 345 Other liabilities (81) (153) (65) (516) Net cash used in operating activities (6,512) (14,667) (9,983) (20,111) Cash flows related to investing activities Purchase of property and equipment (969) (597) (1,914) (865) Net cash used in investing activities (969) (597) (1,914) (865) Cash flows related to financing activities Proceeds from exercise of stock options and warrants 40 - 134 198 Proceeds from sale of stock to employees - - 508 465 Net cash provided by financing activities 40 - 642 663 Effect of exchange rate changes on cash (75) (60) (11) 37 Net decrease in cash and cash equivalents (7,516) (15,324) (11,266) (20,276) Cash and cash equivalents beginning of period 95,913 77,406 99,663 82,358 Cash and cash equivalents end of period $88,397 $62,082 $88,397 $62,082 Supplemental disclosures of cash flow information Construction in progress costs incurred but not paid 350 133 350 275 Cash paid for income taxes 47 21 172 56 DOT HILL SYSTEMS CORP. RECONCILIATION TABLE OF NON-GAAP MEASURES (In Thousands, Except Per Share Amounts) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2007 2008 2007 2008 Net loss $(3,742) $(7,369) $(9,704) $(13,479) Effect of currency (gain)/loss (21) 250 (262) (44) Effect of share-based compensation 751 898 977 1,563 Effect of issuance of warrant to customer - - - 2,282 Effect of legal settlement - - - (3,836) Effect of severance costs 51 186 58 508 Net loss as adjusted $(2,961) $(6,035) $(8,931) $(13,006) Net loss per share: Basic and diluted $(0.07) $(0.13) $(0.20) $(0.28) Weighted average shares used to calculate net loss per share: Basic and diluted 45,472 46,055 45,315 46,005 Net revenue $56,199 $71,027 $109,640 $123,853 Effect of issuance of warrant to customer - - - 2,282 Net revenue as adjusted $56,199 $71,027 $109,640 $126,135 Gross profit $6,924 $7,222 $13,598 $11,388 Effect of issuance of warrant to customer - - - 2,282 Effect of share-based compensation 68 108 170 204 Effect of severance costs - 175 - 224 Gross profit as adjusted $6,992 $7,505 $13,768 $14,098

Dot Hill Systems Corp.

CONTACT: Hanif Jamal, Chief Financial Officer of Dot Hill Systems Corp.,
+1-760-931-5500, investors@dothill.com

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

Maxwell Technologies Announces Intention to Launch Equity Distribution Program

SAN DIEGO, Aug. 6 /PRNewswire-FirstCall/ -- Maxwell Technologies, Inc. today announced that it intends to proceed with an equity distribution program with UBS Securities LLC ("UBS"). Under the terms of the program, Maxwell may offer and sell shares of its common stock, par value $0.01 per share, having an aggregate offering price of up to $15,000,000 from time to time through UBS, as sales agent. The program is expected to commence on August 11, 2008.

Any sales of the shares pursuant to the equity distribution program will be made by means of ordinary brokers' transactions on the Nasdaq Global Market at market prices, in block transactions, or as otherwise agreed with UBS. Under the terms of the program, Maxwell may also sell shares to UBS as principal for UBS' own account. The shares are expected to be offered pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the shares of common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any jurisdiction. Any offer, solicitation or sale will be made only by means of the prospectus supplement and the accompanying base prospectus, copies of which, when available, may be obtained from the SEC's website at http://www.sec.gov/.

Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Our BOOSTCAP(R) ultracapacitor cells and multi-cell modules provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our CONDIS(R) high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Our radiation- mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications.

Forward-Looking Statements: Statements in this news release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as:

-- the company's history of losses and uncertainty about its ability to achieve or maintain profitability; -- general economic conditions in the markets served by the company's products; -- cost-effective manufacturing and the success of outsourced product assembly; -- the impact of competitive products and pricing; -- risks and uncertainties involved in foreign operations, including the impact of currency fluctuations.

For further information regarding risks and uncertainties associated with Maxwell's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of our SEC filings, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Maxwell's investor relations department at (858) 503-3434 or at our investor relations website: http://www.maxwell.com/investors/sec-filing.asp. All information in this release is as of August 6, 2008. The company undertakes no duty to update any forward-looking statement to reflect actual results or changes in the company's expectations.

Maxwell Technologies, Inc.

CONTACT: Michael Sund of Maxwell Technologies, Inc., +1-858-503-3233,
msund@maxwell.com

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

ShengdaTech Schedules Conference Call to Discuss 2008 Second Quarter Results

TAI'AN CITY, Shandong, China, Aug. 6 /Xinhua-PRNewswire-FirstCall/ -- ShengdaTech Inc. ("ShengdaTech" or "The Company") a leading manufacturer of nano precipitated calcium carbonate ("NPCC") in the People's Republic of China (PRC) and a major manufacturer of coal-based chemical products in Tai'an City, Shandong Province, PRC, today announced it will host a conference call at 9:00 a.m. EDT on Monday, August 18, 2008, to discuss the 2008 second quarter financial results.

Joining Mr. Xiangzhi Chen, ShengdaTech's Chief Executive Officer, will be Ms. Anhui Guo, Chief Financial Officer, and Mr. Crocker Coulson, President of CCG Investor Relations. The Company plans to release its earnings on August 15, 2008.

To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 800-688-0796. International callers should dial 617-614-4070. The pass code for the call is 13842953.

If you are unable to participate in the call at this time, a replay will be available on Monday, August 18, 2008 at 11:00 a.m. EDT through Monday, September 1, 2008. To access the replay, dial 888-286-8010, international callers should dial 617-801-6888. The conference pass code is 19213198.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on http://www.shengdatechinc.com/ . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.

About ShengdaTech, Inc.

ShengdaTech is engaged in the business of manufacturing, marketing and selling nano-precipitated calcium carbonate ("NPCC") products and coal-based chemicals for use in various applications. The Company converts limestone into NPCC using its proprietary technology co-developed with Tsinghua University. ShengdaTech is the only company possessing proprietary NPCC technology in China. Its NPCC products are mainly exported to countries like South Korea, Singapore, Malaysia, Vietnam, etc. The Company is also engaged in the manufacture and sale of coal-based chemical products namely ammonium bicarbonate, liquid ammonia, melamine and methanol. The Company markets and sells its coal-based products mainly for chemical fertilizers and raw materials in the production of organic and inorganic chemical products, including formaldehyde and pesticides. For more information, contact CCG Investor Relations directly or go to ShengdaTech's website at http://www.shengdatechinc.com/ .

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

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

ShengdaTech Inc.

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

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

Synopsys Announces Earnings Release Date and Conference Call for Third Quarter Fiscal Year 2008

MOUNTAIN VIEW, Calif., Aug. 6 /PRNewswire-FirstCall/ -- Synopsys, Inc. , world leader in software and IP for semiconductor design and manufacturing, today announced it will report results for the third quarter fiscal year 2008 on Wednesday, Aug. 20, 2008, after the market close.

A conference call to review the results will begin at 2 p.m. PT (5 p.m. ET) and will be hosted by Aart de Geus, chairman and chief executive officer, and Brian Beattie, chief financial officer.

Financial and other statistical information to be discussed on this conference call will be available on the corporate website at http://www.synopsys.com/corporate/invest/invest.html immediately before the call. A live webcast will also be available on this site. Participants should access the live webcast at least 10 minutes prior to the start of the call. A webcast replay can be accessed on the corporate web site beginning Wednesday, Aug. 20, 2008, at approximately 5:30 p.m. PT. The replay will remain available until Synopsys announces its fourth quarter results in December, 2008. In addition, a dial-up replay of the conference call will be available beginning Aug. 20, 2008 at 4:00 p.m. PT, ending on Sept. 3, 2008. The replay telephone number is USA (800) 475-6701, and International (320) 365-3844, Access Code: 956118.

Investor Contact: Roberta Reid Synopsys, Inc. (650) 584-1901

Synopsys, Inc.

CONTACT: investors, Roberta Reid of Synopsys, Inc., +1-650-584-1901

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

Cogo Group, Inc. Reports 2008 Second Quarter Results- Q2 Net Revenue: $68.2 million (a year-on-year increase of 34.9%)- Q2 Net Income: $6.5 million GAAP ($8.4 million Non-GAAP with a year-on-year increase of 36.1%)- Q2 EPS Diluted: $0.16 GAAP ($0.21 Non-GAAP EPS Diluted with a year-on-year increase of 31.3%)- Company provides Q3 guidance of $70-74 million in revenue and $0.14 Non-GAAP EPS Diluted and expects full year of $280-290 million in revenue and estimates Non-GAAP EPS Diluted of $0.72

SHENZHEN, China, Aug. 6 /PRNewswire-FirstCall/ -- Cogo Group, Inc. , a China-based provider of customized module design solutions as well as engineering and technology services to domestic and international technology product companies, today announced unaudited financial results for its second quarter 2008. The Company reported quarterly revenue of $68.2 million, up 34.9% year-over-year, compared to $50.6 million reported in the second quarter of 2007. The Company continued to experience growth across all end markets -- mobile handset, telecommunication equipment, and digital media, which it believes are among the fastest growing markets in China.

Net income for the second quarter of 2008 was $6.5 million, up 27.2% from $5.1 million in the same period last year, with Non-GAAP net income up 36.1% over the same period last year. Earnings per common share ("EPS") Diluted on a U.S. GAAP basis were $0.16, and Non-GAAP EPS Diluted (which excludes share-based compensation expenses and acquisition related costs including amortization of intangible assets and recognized deferred taxation) was $0.21, up 31.3% from the second quarter of 2007.

Key Financial Indicators (all numbers in USD thousands, except share data) Q2 2008(1) Q2 2007(1) Percent Change Consolidated Revenue $68,218 $50,554 34.9% Cost of Sales $55,946 $40,785 37.2% Gross Profit $12,272 $9,769 25.6% Net Operating Expenses $6,423 $4,778 34.4% Income from Operations $5,849 $4,991 17.2% Net Income(2) $6,466 $5,082 27.2% EPS Diluted $0.16 $0.13 23.1% Non-GAAP EPS Diluted $0.21 $0.16 31.3% (1) The US dollar amounts are calculated based on the conversion rate of US $1 to RMB 6.8591 as of June 30, 2008 and US $ 1 to RMB 7.6120 as of June 30, 2007. (2) Included in the Q2 2008 net income was an amount of $1.3 million for a share-based compensation expense in accordance with Statement of Financial Accounting Standards of No. 123 (revised 2004), Share-Based Payment ("SFAS 123R") and $0.6 million acquisition related costs including amortization of purchased intangible assets and recognized deferred taxation. Non-GAAP net income excluding the effects of share-based compensation expense and acquisition related costs was $8.4 million or a $0.21 Non-GAAP EPS Diluted in Q2 2008. Second quarter highlights and recent updates:

-- Signed $10 million telecommunications module solutions contract with ZTE to secure sustainable revenue growth in the telecommunications market.

-- Repurchased 405,000 shares at an average of $12.73 pursuant to stock repurchase program. (Under the repurchase program, the Company may repurchase up to 5 million shares of its outstanding common stock on the open market or in negotiated transactions. The company may repurchase 4,595,000 shares in addition to the transactions.)

Recent Developments

The Company signed an agreement to acquire Long Rise, a China-based company specializing in low-cost CDMA mobile handset design solutions with a customer base of over 300 small and mid-sized enterprises. This acquisition is expected to extend Cogo's product offerings to address the demands of the rapidly expanding CDMA market, stimulated by China Telecom's entrance into the CDMA market in the second half of 2008 following the restructuring of China's telecom industry.

Jeffrey Kang, CEO of Cogo Group, Inc. commented that due to China's tightened monetary policy and a few natural disasters, China's end-market environment in Q2 was the worst Cogo had faced in the past few years.

"We believe we have outperformed expectations to deliver over 30% growth in a tough end-market environment. While this tightening has reduced demand for our mobile handsets business, our business driven by infrastructure investment, such as telecom and most carrier-related digital media, has been solid and is still growing as expected. In addition, Cogo's growing international handset business has maintained unit shipment growth, helping to offset domestic weakness. However, profit margins are pressured because the product mix favors low-end handsets in Q2," Mr Kang said.

"Although the handset business seasonally picks up from July, management still has concerns about end-market growth in the second half of 2008. Assuming that the current environment will remain unchanged, Cogo's management has decided to adopt a defensive business strategy to focus on maintaining and expanding market share, increasing revenue growth, and cutting operating expenses to improve operating leverage, in order to grow in a slowing economic environment.

"Cogo has also strategically lowered pricing -- largely on mobile handsets and partially on a few digital media businesses such as GPS and telecom, with most digital media prices remaining intact. This will enlarge Cogo's Total Address Market, for example, the low end phone market that we strategically skipped in the past. Management believes these are the right defensive moves to grow business in a slowing economic environment.

"This strategy will ensure Cogo is well-positioned for growth next year even if the end market continues to slow down. But if China's end market environment improves next year after the softening of macro policy and there is a strong rebound of domestic consumer spending, management will adjust the Company's growth strategy accordingly to either further expand revenue and profit growth by keeping the current margin structure, or reassess margin expansion as a priority.

"Management expects Q3 to be a transitional period, and that the handset business will be back on track from Q4 and we will experience solid growth in 2009. Our digital media and telecom businesses have not been affected by the domestic slowdown and continue to perform strongly. Management does not view the current weakness in China as a significant issue, but an opportunity for Cogo to consolidate and enhance its position in the industry to pave the way for long term growth," Mr Kang concluded.

Financial Results

Revenue for the second quarter was $68.2 million, an increase of 34.9% compared to $50.6 million reported for the second quarter of last year. The revenue breakdown is as follows: $23.5 million, or 34.4% of total sales for mobile handsets, representing a 14.7% increase year-over-year; $19.9 million, or 29.2% of total sales for telecommunications equipment, representing a 28.0% increase year-over-year, and $21.7 million, or 31.8% of total sales for digital media products, representing a significant increase of 69.6% year-over-year. The Company's service business contributed $0.6 million in revenue for the second quarter and accounted for approximately 0.9% of total sales, representing a decrease of 65.8% year-over-year. Also during the quarter, the Company generated revenue of $2.5 million from solution sales relating to the Industrial Business, which includes industrial solutions targeted at the Green Energy and Auto-electronics sectors, amounting to 3.7% of total revenue.

Cost of sales, which includes the aggregate purchase of components from suppliers and the direct cost of services, was $55.9 million compared to $40.8 million, representing an increase of 37.2% year-over-year. Gross profit for the second quarter was $12.3 million, up 25.6% compared to the $9.8 million during the second quarter of last year. Gross margin for the second quarter decreased slightly to 18.0% compared to 19.3% reported during the second quarter of 2007 due to the unfavorable product mix reflecting growing demands in the lower end handset market which operates with lower margins.

Selling, general and administrative expenses totaled $4.9 million, up 44.3%, compared to $3.4 million reported for the second quarter of last year. The increase was attributable to higher staff costs due to an increase in share-based compensation expenses, an additional bad debt provision, amortization of intangible assets and other sales-related expenses that support our ongoing business. Research and development (R&D) expenses increased by 14.3% to $1.6 million compared to $1.4 million in the second quarter of 2007. The increase was attributable to a rise in R&D personnel related costs and additional expenditure for new market development. Capital expenditure was $0.2 million compared to $0.4 million during the same quarter in the prior year. The drop was attributable to a decrease in the purchase of properties and equipment. Depreciation was $0.4 million compared to $0.1 million reported in the second quarter of 2007.

Income from operations was $5.9 million, up 17.2% as compared to $5.0 million for the second quarter of 2007. Operating margin for the second quarter was 8.6% versus 9.9% for the second quarter of 2007. Excluding the effects of share-based compensation and acquisition related costs including amortization of purchased intangible assets, operating margin would have been 11.9% for the second quarter of 2008, compared to 12.0% for the same period in 2007. The effective tax rate for the second quarter of 2008 was 4.7%, compared to 8.1% for the same period in 2007. The decrease in effective tax rate was primarily due to the reduction of the Hong Kong income tax rate from 17.5% to 16.5%, which resulted in a decrease in recognition of deferred taxation of $195 thousand for the quarter ended June 30, 2008. No minority interests' share of income was reported as compared to a minority interests' share of income of $0.24 million over the same period in 2007.

Net income for the second quarter was $6.5 million or EPS Diluted of $0.16 on a U.S. GAAP basis, compared to net income of $5.1 million, or EPS Diluted of $0.13 in the second quarter of 2007. Included in net income for the second quarter was an amount of $1.3 million for share-based compensation expenses and $0.6 million for acquisition related costs including amortization of purchased intangible assets and recognized deferred taxation. Excluding the stock-based compensation expense and acquisition related costs including amortization of purchased intangible assets and recognized deferred taxation, the Company would have reported a net income of $8.4 million or $0.21 Non-GAAP EPS Diluted for the second quarter. The weighted average number of shares used in the calculation of EPS Diluted was 40.1 million compared to 38.0 million in the second quarter of 2007.

For the six month period ended June 30, 2008, the Company reported revenue of $129.7 million, an increase of 35.5% compared to $95.8 million reported during the first half of 2007. Gross profit was $24.3 million, an increase of 31.9% compared to $18.4 million reported during the first half of 2007. Gross margin was 18.7% of sales, compared to a gross margin of 19.2% for the same period last year. Net operating expenses were $13.6 million, an increase of 46.0% as compared to $9.3 million for the same period last year. Income from operations was $10.7 million, an increase of 17.4% from the $9.1 million reported during the prior year period. Non-GAAP operating margins, excluding share-based compensation expense and amortization, were 11.9%, down a slight 0.2% as compared to the same period last year, as a result of the lower gross margin. The Company had an effective tax rate of 6.3% compared to 8.6% during the prior year during the same period. The decrease in effective tax rate was primarily due to the reduction of the Hong Kong income tax rate from 17.5% to 16.5%, which resulted in a decrease in recognition of deferred taxation of $195 thousand for the six months ended June 30, 2008. There is no minority interests' income during the six month period, compared to $0.3 million in the first half of 2007. Net income for the half-year period was up 34.4% at $11.9 million, or $0.30 per fully diluted share compared to $8.8 million or $0.24 per fully diluted share for the same period last year. During the first half of 2008, the Company incurred $3.0 million in non cash share-based compensation compared to $2.1 million in the same period last year.

Balance Sheet

As of June 30, 2008, the Company completed the quarter with cash of $122.5 million, down slightly from $123.0 million at the end of the March 31, 2008, attributable to the payment of an acquisition consideration and a stock repurchasing program. Inventory decreased slightly from $17.8 million at the end of 2007 to $15.2 million as of June 30, 2008. The Company continues to be in a strong financial position with a current ratio of 5.5 to 1. Inventory turnover has shortened to 25 days. Receivables were collected in an average of 98 days. Operating cash flows for the quarter ended June 30, 2008 were positive at $4.8 million. Intangible assets decreased slightly to $19.8 million at the end of June 30, 2008 as compared to $20.3 million as of March 31, 2008. Goodwill was $14.5 million at the end of June 30, 2008. Shareholders' equity was $217.5 million as of June 30, 2008, a slight increase from $210.4 million as of March 31, 2008.

Business Outlook

Based on current visibility, management provides Q3 guidance of $70-74 million in revenue and $0.14 Non-GAAP EPS Diluted, and expects full year revenue of $280-290 million with Non-GAAP EPS Diluted estimated at $0.72.

Mr Kang commented, "Cogo has been able to create a pattern of sustainable and solid growth in the past five years because of our ability to identify growing industries, expand our customer base and generate repeat revenue from each customer. In Q1 2008, Cogo had 1,089 active customers and ARPU (Average Revenue Per User) was $55 thousand. In Q2 2008, our customer base increased 6.2% to 1,156 active customers, generating ARPU of $59 thousand, up 6.8% quarter-over-quarter. We believe providing long term, robust growth is more valuable than having one or two high performing quarters, and we are optimistic about maintaining our consistent growth pattern. By strategically decreasing the weight of the mobile business while continuing to expand our customer base and increase ARPU, particularly in the new high growth industry, management is committed to driving sustainable high growth and providing significant returns to our shareholders. With our in-depth knowledge of the industry and strategic market insights, I am confident that management can implement sound strategies quickly that address any challenges we face."

Teleconference Information Cogo 2008 Q2 Earnings Results Conference Call Date/ Time: August 6, 2008 (Wed) @ 4:30 PM (ET) Conference Call: US/ Canada Toll-Free: 1-800-762-8779 International: +1 (480) 248-5081 Webcast/ Audio Recording: http://viavid.net/dce.aspx?sid=0000533E Replay: US/ Canada Toll-Free: 1-800-406-7325 (Passcode: 3900235) International: +1 (480) 590 3030 (Passcode: 3900235) About Cogo Group, Inc.:

Cogo Group, Inc. is a leading provider of customized module and subsystem design solutions in China. The Company believes it acts as a proxy to China's technology industry as it works with virtually all the major ODMs and OEMs in China. Cogo leverages these relationships and combines their IP to create designs that Cogo then sells to electronic manufacturers. These designs allow manufacturers to reduce their time to market for new products and ultimately increase sales. Cogo Group focuses on the mobile handset, telecom equipment and digital media end-markets for their customized design modules while also offering business and engineering services to their large telecom equipment vendor customers. Over the last twelve years, Cogo has grown its customer list to include more than 200 of the largest and most well known manufacturers across the mobile handset, telecom equipment and consumer markets in China, covering both multinational Chinese subsidiaries and Chinese domestic companies.

Safe Harbor Statement:

This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include statements about our proposed discussions related to our business or growth strategy such as growth in digital media, mobile handset and telecom businesses, such as business with ZTE, as well as our potential acquisitions which are subject to change. Such information is based upon expectations of our management that were reasonable when made, but may prove to be incorrect. All such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. For further descriptions of other risks and uncertainties, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings, including our most recent Forms S-1 and/or S-3. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov/.

About Non-GAAP Financial Measures:

To supplement Cogo's consolidated financial results presented in accordance with GAAP, Cogo uses the following measures defined as Non-GAAP financial measures by the SEC: 1) Non-GAAP net income, which is net income excluding share-based compensation expenses and acquisition related costs such as amortization of purchased intangible assets, 2) Non-GAAP basic and diluted earnings per share, which is basic and diluted earnings per share excluding share-based compensation expenses and acquisition related costs such as amortization of purchased intangible assets, 3) Non-GAAP income from operation, which is income from operation excluding share-based compensation expenses and acquisition related costs such as amortization of purchased intangible assets and 4) Non-GAAP operating margin, which is operating margin excluding share-based compensation expenses and acquisition related costs such as amortization of purchased intangible assets. The presentation of these Non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these Non-GAAP financial measures, please see the table captioned "Reconciliations of Non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.

Cogo believes that these Non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses and acquisition related costs such as amortization of purchased intangible assets that may not be indicative of its operating performance from a cash perspective. Cogo believes that both management and investors benefit from referring to these Non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These Non-GAAP financial measures also facilitate management's internal comparisons to Cogo's historical performance and liquidity. Cogo computes its Non-GAAP financial measures using the same consistent method from quarter to quarter. Cogo believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using Non-GAAP net income, Non-GAAP basic and diluted earnings per share, Non-GAAP income from operation and Non-GAAP operating margin is that these Non-GAAP measures exclude share-based compensation charge and acquisition related costs such as amortization of purchased intangible assets that have been and will continue to be for the foreseeable future a recurring expense in our business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each Non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to Non-GAAP financial measures.

Tables Attached COGO GROUP, INC. and SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE QUARTERS ENDED JUNE 30, 2008 AND 2007 (in thousands, except share data) Three Months Three Months Three Months Ended Ended Ended June 30, 2008 June 30, 2008 June 30, 2007 $'000 RMB'000 RMB'000 Net Revenue Product sales 67,632 463,897 371,794 Services revenue 586 4,020 13,023 68,218 467,917 384,817 Cost of sales Cost of goods sold (55,579) (381,223) (301,439) Cost of services (367) (2,517) (9,014) (55,946) (383,740) (310,453) Gross profit 12,272 84,177 74,364 Selling, general and administrative Expenses (4,864) (33,364) (26,209) Research and development expenses (1,575) (10,800) (10,487) Other operating (expenses) /income, net 16 108 326 Income from operations 5,849 40,121 37,994 Interest expense (85) (587) (984) Interest income 1,019 6,990 7,049 Income before income taxes and minority interests 6,783 46,524 44,059 Income tax expense (317) (2,173) (3,580) Income before minority interests 6,466 44,351 40,479 Minority interests - - (1,794) Net income 6,466 44,351 38,685 $ RMB RMB Earnings per share - Basic 0.17 1.14 1.05 - Diluted 0.16 1.11 1.02 Weighted average number of common shares outstanding - Basic 39,035,887 36,772,864 - Diluted 40,094,428 38,041,918 COGO GROUP, INC. and SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2008 AND DECEMBER 31, 2007 (in thousands, except share data) June 30, June 30, December 31, 2008 2008 2007 $'000 RMB'000 RMB'000 Assets Current assets: Cash 122,535 840,482 919,650 Pledged bank deposits 7,419 50,885 51,603 Accounts receivable, net of allowance for doubtful accounts 73,229 502,288 418,329 Bills receivable 2,437 16,716 35,300 Inventories 15,214 104,351 129,892 Prepaid expenses and other receivables 2,965 20,339 18,306 Total current assets 223,799 1,535,061 1,573,080 Property and equipment, net 2,825 19,379 17,848 Intangible assets, net 19,792 135,754 148,659 Investment in an affiliated company 61 416 416 Goodwill 14,502 99,474 99,474 Other assets 143 980 1,063 Total Assets 261,122 1,791,064 1,840,540 Liabilities and stockholders' equity Current liabilities: Trade accounts payable 25,178 172,699 174,628 Bank borrowings - - 9,080 Amounts due to related parties - - 1,403 Income taxes payable 1,474 10,110 6,957 Accrued expenses and other liabilities 13,723 94,124 169,046 Deferred income taxes 575 3,944 4,071 Total current liabilities 40,950 280,877 365,185 Deferred income taxes 2,667 18,293 21,487 Total liabilities 43,617 299,170 386,672 Stockholders' equity Common stock Par value: USD 0.01 Authorized: 200,000,000 Shares; Issued and outstanding: 38,616,971 shares in 2008 and 38,496,167 shares in 2007 460 3,158 3,150 Additional paid-in capital 163,223 1,119,569 1,085,459 Retained earnings 74,312 509,711 428,333 Accumulated other comprehensive loss (15,326) (105,122) (63,074) Total stockholders' equity 222,669 1,527,316 1,453,868 Less cost of common stock in treasury, 405,000 shares in 2008 5,164 35,422 - Total liabilities and stockholders' equity 261,122 1,791,064 1,840,540 COGO GROUP, INC. and SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES FOR THE QUARTERS ENDED MARCH 31, 2008 AND 2007 (in thousands, except share data) Three Months Ended June 30 2008 2007 $'000 $'000 Net Income GAAP net income 6,466 5,082 Share-based compensation expense 1,297 833 Acquisition related costs - amortization of purchased intangible assets and recognized deferred taxation 605 233 Non-GAAP net income 8,368 6,148 Income from operation GAAP income from operations 5,849 4,991 Share-based compensation expense 1,297 833 Acquisition related costs - amortization of purchased intangible assets 941 233 Non-GAAP income from operation 8,087 6,057 Operating Margin GAAP operating margin 8.6% 9.9% Non-GAAP operating margin 11.9% 12.0% Earnings per share $ $ GAAP net income per common share - Basic 0.17 0.14 GAAP net income per common share - Diluted 0.16 0.13 Non-GAAP net income per common share - Basic 0.21 0.17 Non-GAAP net income per common share - Diluted 0.21 0.16 Weighted average number of common shares outstanding Non-GAAP net income per common share - Basic 39,035,887 36,772,864 Non-GAAP net income per common share - Diluted 40,094,428 38,041,918

Cogo Group, Inc.

CONTACT: Investor Relations, Wanyee Ho of Cogo Group, Inc., H.K.,
+852 2730 1518, U.S., +1-646-291-8998, Fax, +86 755 2674 3522,
communications@comtech.com.cn

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

Lionax Added TPMS 'safety lock' to China's Shenzhou VII Spacecraft Takeoff

PARIS, Aug. 6 /PRNewswire/ -- LIONAX, the first Chinese company listed on Euronext, today announces that it has recently equipped China's Shenzhou VII spacecraft takeoff with its TPMS "safety lock" technology.

China's third manned spaceship, Shenzhou VII, set to be launched in October, reached the Jiuquan Satellite Launch Center in the north-western Gansu Province. A "Long March II F" carrier rocket was transported to the launch center on a special vehicle from Beijing. This operation symbolized the start of the Shenzhou VII launch mission.

Lionax today reveals to the public that a Tire Pressure Monitoring System (TPMS) made by Lionax in Nanchang, Jiangxi province, is installed on the special vehicle for carrying spacecraft and rocket.

This TPMS system is able to monitor tire-pressure in real time, efficiently prevents sudden tire blowouts and makes spacecraft "more comfortable" and "safer" especially on vehicles with extra-large wheels.

In June 2008, the Beijing Spaceflight Emission Technology Research Institute of the China Carrier Rocket Technology Research Center, which produces ground equipments for spaceflight emissions, sent Lionax a customized order for a special TPMS for rocket transportation to improve vehicle safety and stability for the China spacecraft "Shenzhou-VII" launch.

James Yang, CEO of LIONAX, comments: "LIONAX's TPMS products provide a competitive solution for heavy duty trucks with massive wheels. The Beijing Spaceflight Emission Technology Research Institute will massively purchase TPMS from Lionax starting September 2008. In the future, all special road vehicles for rockets and special equipments carrying will be equipped with TPMS made by Lionax. We are very pleased that our TPMS product served China spacecraft Shenzhou-VII launch emission. This means our state-of-the-art TPMS technology is recognized worldwide. We look forward to the most eye-catching launch of spaceship Shenzhou-VII, planned from the Jiuquan Satellite Launch Center in October."

About LIONAX

The Company, listed on Euronext, designs and develops innovative Tire Pressure Monitoring System (TPMS); navigation integrated product with GPS, TPMS and rear view camera; and digital pressure sensor for automotive industry. LIONAX's products help its customers to enhance safety, save money and meet regulatory requirements affordably. LIONAX makes this possible through technology innovation, manufacturing excellence, research leadership and best-in-class team of scientists, engineers and management based in China and the USA.

LIONAX

CONTACT: Media, Elodie Marchand, +33 (1) 47 03 68 10,
elodie.marchand@fd.com, for LIONAX; or Investors, Ting Ting Guo of LIONAX,
+1-408-730-6883, tguo@lionax.com

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

Filing of business acquisition report - Hypernetics and Triodetic acquisitions

OTTAWA, Aug. 6 /PRNewswire-FirstCall/ -- Plaintree Systems Inc. ("Plaintree" or the "Company") today announced that on July 31, 2008 it filed a business acquisition report ("BAR") in relation to Plaintree's acquisition of Hypernetics Limited and the Triodetic Group of Companies which closed on April 1, 2008 (details of which was previously reported in a press release of the Company issued on April 2, 2008). The filing of the BAR by Plaintree was made pursuant to its obligations under National Instrument 51-102 - Continuous Disclosure Requirements. The BAR contains the following financial information that has not been previously disclosed by the Company: (i) unaudited pro forma financial statements of the Company for the period ended March 31, 2008; (ii) unaudited interim financial statements of Hypernetics Limited for the seven months ended March 31, 2008 and 2007; and (iii) audited consolidated financial statements of 4439112 Canada Inc. (operating as Triodetic) for the years ended January 31, 2008 and 2007. A copy of the BAR can be obtained on SEDAR at http://www.sedar.com/ under the Company's listing.

About Plaintree Systems -----------------------

Ottawa-based, Plaintree Systems Inc. (http://www.plaintree.com/), founded in 1988 has three divisions. The first specializes in developing optical wireless communications equipment for the local area, wide area, voice, Internet and security networks. The second manufactures avionic components for various applications. The third is a design/build manufacturer of steel, aluminum and stainless steel specialty structures.

Plaintree is publicly quoted in the U.S. on the OTC BB (PTEEF), with 12,522,143 common shares (post-consolidation) and 18,325 class A preferred shares outstanding.

This press release may include statements that are forward-looking and based on current expectations. The actual results of the company may differ materially from current expectations. The business of the company is subject to many risks and uncertainties, including changes in markets for the company's products, delays in product development and introduction to manufacturing and intense competition. For a more detailed discussion of the risks and uncertainties related to the company's business, please refer to documents filed by the company with the U.S. Securities and Exchange Commission, including the Company's Form 20-F dated September 28, 2007.

Plaintree Systems Inc.

CONTACT: Lynn Saunders, (613) 623-3434 ext. 3002

Thomson Reuters and CareEvolution Collaborate to Empower Physicians to Improve Care CoordinationInnovative Application Groups Fragmented Care Episodes Into Clinically Relevant Disease Clusters

ANN ARBOR, Mich., Aug. 6 /PRNewswire/ -- When doctors review a patient's medical records, the information is presented chronologically and not organized in a meaningful way.

Thomson Reuters and CareEvolution are working together to deliver an alternative -- an application that groups patient data by disease or medical episode. This Web-based "medical episode grouper" provides current patient information -- logically organized, at the point of care -- to help physicians make sound medical decisions and enhance disease management and quality of care.

CareEvolution is a leading provider of secure interoperability solutions that link diverse technology platforms for medical records. Under this collaboration, output from the Medical Episode Grouper (MEG), developed by Thomson Reuters, would be integrated into CareEvolution's clinical cockpit to deliver comprehensive patient medical histories of all medications and treatments.

"Caregivers tell us they need access to a community-wide health history for a patient, but they are already overwhelmed with too much information. Dumping more data from more clinics and hospitals onto the doctor's desktop is not going to be accepted or effective," said Vik Kheterpal, M.D., principal at CareEvolution.

"Organizing the discrete, fragmented, healthcare data we get from medical claims, acute and ambulatory electronic medical records and other sources into disease-based clusters is critical to deal with this cognitive overload," he said. "Delivering patient information in this way enables clinicians to easily find the links between diseases and complications so they can better manage the patient's care."

Treatment of a given disease or medical complaint typically involves several healthcare events -- such as a visit with a primary care doctor, prescriptions, visits to urgent care centers or the emergency room, consultations with specialists and perhaps admission to a hospital or surgery center.

CareEvolution uses a federated data model to pull patient data from different sources into a single unified view. Under this collaboration, it would use the web-based MEG service to produce a clinically grouped view -- streamlining information that represents a patient's lifetime of healthcare events across pharmacy, laboratory, acute care, and ambulatory care settings.

"MEG enables physicians to quickly grasp the complexity and severity of a patient's condition," said Jon Newpol, executive vice president for the Healthcare business of Thomson Reuters. "Coupled with CareEvolution's software, this patient profile can provide physicians with a timely, easy-to-use summary of their patients' medical care."

About Thomson Reuters

The Healthcare business of Thomson Reuters produces insights, information, benchmarks and analysis that enable organizations to manage costs, improve performance and enhance the quality of healthcare. Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange ; Toronto Stock Exchange (TSX: TRI); London Stock Exchange ; and Nasdaq . For more information, go to http://www.thomsonreuters.com/ .

About CareEvolution

CareEvolution is a leading provider of secure health interoperability solutions. HIEBus(TM) (Health Information Exchange BUS) is a proven, comprehensive suite of SOA technology solutions for deploying health information exchanges -- hospital to physicians, physician to physician, and community RHIOs. HIEBus(TM) provides pre-built adapters to existing laboratory, pharmacy, EMR, PMIS, and claims management systems to "share" information in a secure, reliable, and incremental manner. Distinct components such as Identity Management, Record Location, Clinical Data Integration, Audit & Log, Data Persistence, Visualization, Terminology, and Data Mining may be adopted piecemeal or as a comprehensive technology platform.

Thomson Reuters

CONTACT: David Wilkins, Media Relations, Healthcare, Thomson Reuters,
+1-734-913-3397, david.wilkins@thomsonreuters.com

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

Integral Vision, Inc. To Report Second Quarter Financial Results and To Hold a Conference Call on August 14, 2008

WIXOM, Mich., Aug. 6 /PRNewswire-FirstCall/ -- Integral Vision, Inc. (BULLETIN BOARD: INVI) , a leading global supplier of automated display inspection technology, will release financial results for the second quarter ending June 30, 2008, on Thursday, August 14, 2008, at 4:00 p.m. In conjunction with the release, Integral Vision will host a live conference call at 4:30 p.m. (ET) on Thursday, August 14, 2008. To access the conference call, please call 303-262-2138 or 800-240-4186 approximately 5 to 10 minutes prior to the scheduled start time.

If you are unable to listen to the live conference call, it will be archived for replay. Shortly after the call, a telephonic replay will be available through Saturday, August 16, 2008, by dialing 303-590-3000 or 800-405-2236. The confirmation code 11117895 is required for the telephonic replay.

About Integral Vision

Integral Vision, Inc. (BULLETIN BOARD: INVI) , an ISO 9001 registered firm, offers display inspection technology that provides analysis of functional and cosmetic defects in the display to assure quality in the manufacturing process as well as verification of the final product. Integral Vision has been inspecting displays since 1992 and is an industry leader committed to providing automated solutions to the quality issues Microdisplay, OLED and LCD manufacturers face in today's competitive marketplace. More information can be found at Website: http://www.iv-usa.com/.

Integral Vision, Inc.

CONTACT: Charles J. Drake of Integral Vision, Inc., +1-248-668-9230,
cdrake@iv-usa.com; or Laura Guerrant of Guerrant Associates, +1-808-882-1467,
lguerrant@guerrantir.com, for Integral Vision, Inc.

Web site: http://www.iv-usa.com/

DISH Network's Agreement With NBC Universal Offers More Than 800 Hours of HD Coverage of the 2008 Beijing Olympic GamesSatellite Provider Adds Two NBCU Specialty HD Channels, VOD During The 2008 Beijing Olympic Games

ENGLEWOOD, Colo., Aug. 6 /PRNewswire-FirstCall/ -- DISH Network Corporation , the nation's third-largest pay-TV provider and the digital transition leader, today announced its agreement with NBC Universal (NBCU) to add two high-definition specialty channels to its HD line-up solely dedicated to the 2008 Beijing Olympic Games. The NBC Olympic Soccer Channel and NBC Olympic Basketball Channel will offer customers HD coverage of each sport for 24-hours per day during the Games.

In addition, DISH Network is offering a number of Video On Demand (VOD) titles produced by NBC Olympics for its millions of subscribers. With two dedicated HD channels, free VOD and NBCU's multichannel distribution, DISH Network offers its subscribers more than 800 hours of NBCU's HD 2008 Beijing Olympic Games content.

"We are excited to utilize the full-extent of our services to offer the best of NBCU's coverage of the Olympic Games for our subscribers," said Eric Sahl, senior vice president of Programming for DISH Network. "DISH Network is a leader in sports and HD; our more than 800 hours of NBC's Olympic coverage demonstrates our ability to use our services to deliver live HD and recorded content, as well as daily highlights and recaps, to ensure our subscribers enjoy comprehensive coverage of the Games."

"What better way to feel the drama and excitement of the 2008 Beijing Olympics Games than to experience them in HD," said Bridget Baker, president, TV Networks Distribution, NBC Universal. "We're proud to partner with DISH and offer their customers unprecedented HD coverage of the world's premier athletic event."

DISH Network will provide NBCU's HD sport-specific channels: NBC Olympic Basketball Channel (Ch. 98) and NBC Olympic Soccer Channel (Ch. 99) to many DISH Network subscribers, and can be found on the program guide under the call letters "OLYMPB." Each channel will broadcast 24-hours per day of HD content separated into two looping 12-hour blocks of Olympic basketball and soccer action.

The 2008 Beijing Olympic Games will air on a number of NBCU's channels, which are carried by DISH Network. NBC HD will air 225 hours of HD content; USA HD will air 165 hours of HD content; CNBC HD will air 95.5 hours of HD content; and Universal HD (available to DISH Network subscribers in Platinum HD) will air 379 hours of HD content.

DISH Network is currently offering NBCU's free Video On Demand (DISH On Demand) content leading up to the summer games including 60 clips across several categories: Beijing 411; Meet the Athletes; and Team USA Preview. DISH On Demand is available by pressing the DVR button on your DISH Network remote control or by selecting the "TV Entertainment" section on DishHOME (Ch. 100). At the start of the Games, the In-Games package will feature daily highlights, in addition to access to the best events each day. Content includes overall daily highlights by sport (approximately 15 per day, some in HD), and "Rewind," approximately five to 10 of the best sessions/games per day.

DISH Network will offer customers NBC's foreign language coverage from Beijing with commentary in one of the host country's native tongues, Mandarin (Chinese), as well as Korean, for approximately six hours per day for each language during the Games. The Chinese broadcast will be offered on Ch. 664 under the "OLYMPC" call letters, and the Korean broadcast will be offered on Ch. 655 under the "OLYMPK" call letters, and are live beginning August 8, 2008.

For more information about the Olympic Games, visit NBCOlympic.com. For information on TurboHD packages, new HD channels and 1080p movies, visit http://www.dishnetwork.com/ or call 1-800-333-DISH (3474).

About DISH Network Corporation

DISH Network Corporation , the nation's third largest pay-TV provider and the leader in digital television, provides approximately 13.79 million satellite TV customers with industry-leading customer satisfaction which has surpassed major cable TV providers for eight consecutive years. DISH Network also provides customers with award-winning HD and DVR technology including the ViP722(TM) HD DVR, which received the Editors' Choice awards from both CNET and PC Magazine. In addition, subscribers enjoy access to hundreds of video and audio channels, the most International channels in the U.S., industry-leading Interactive TV applications, Latino programming, and the best sports and movies in HD. DISH Network offers a variety of package and price options including the lowest all-digital price in America, the DishDVR Advantage Package, high-speed Internet service, and a free upgrade to the best HD DVR in the industry. DISH Network is included in the Nasdaq-100 Index (NDX) and is a Fortune 300 company. Visit http://www.dishnetwork.com/aboutus or call 1-800-333-DISH (3474) for more information.

DISH Network Corporation

CONTACT: Parker McConachie of DISH Network Corporation, +1-720-514-5351,
press@echostar.com

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

Intrusion Inc. Announces Financial Release Date and Conference Call

RICHARDSON, Texas, Aug. 6 /PRNewswire-FirstCall/ -- Intrusion Inc. (BULLETIN BOARD: INTZ) , ("Intrusion") will announce second quarter 2008 financial results on Wednesday, August 13, 2008. The press release will be published over the wire services after the market closes. The release will also be available on the company's web site at http://www.intrusion.com/. Intrusion management will review the Company's financial and operational progress for the second quarter 2008 during a conference call later that day at 4:00 P.M., CDT.

Interested investors can access the call at 1-800-399-2043 (outside the United States, please dial 1-706-634-5518) at 4:00 P.M., CDT. For those unable to participate in the live conference call, a replay will be accessible beginning August 13, 2008 at approximately 7:00 P.M., CDT until August 20, 2008 by calling 1-800-642-1687 (if outside the United States, 1-706-645-9291). At the replay prompt, enter conference identification number 58845317. In addition, a live and archived audio webcast of the conference call will be available at http://www.intrusion.com/.

About Intrusion Inc.

Intrusion Inc. is a global provider of data leak prevention, regulated information compliance, entity identification systems, and network intrusion prevention and detection solutions. Intrusion's product families include the Compliance Commander for data leak prevention and regulated information compliance, TraceCop identification and location system, and Intrusion SecureNet for network intrusion prevention and detection. Intrusion's products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit http://www.intrusion.com/.

Contact Michael L. Paxton, VP, CFO 972.301.3658, mpaxton@intrusion.com

Photo: http://www.newscom.com/cgi-bin/prnh/20030703/INTRUSIONLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Intrusion Inc.

CONTACT: Michael L. Paxton, VP, CFO of Intrusion Inc., +1-972-301-3658,
mpaxton@intrusion.com

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

Telesat Holdings Inc. Second-Quarter Conference Call

OTTAWA, Aug. 6 /PRNewswire/ -- Telesat has scheduled its conference call to discuss 2008 second-quarter financial results and other recent developments for Monday, August 11, 2008 at 10:00 a.m. EDT. The call will be led by Daniel S. Goldberg, President & Chief Executive Officer and Ted H. Ignacy, Chief Financial Officer of Telesat.

Dial-in Instructions:

The toll-free dial-in for the teleconference is 866-696-5910. International callers should dial +1-416-340-2217. The access code is 3268083#. Please allow at least 10 minutes prior to the scheduled start time to connect to the teleconference.

Dial-in Audio Replay:

A replay of the teleconference will be available beginning at 12:00 p.m. EDT August 11, 2008, until 11:59 p.m. EDT on August 25, 2008. To access the replay, please call 800-408-3053. International callers should dial 1-416-695-5800. The access code is 3268083#.

About Telesat (http://www.telesat.com/)

Headquartered in Ottawa, Canada, with offices and facilities around the world, Telesat is the fourth largest fixed satellite services operator. The company provides reliable and secure satellite-delivered communications solutions to broadcast, telecom, corporate and government customers. Telesat has a global state-of-the-art fleet of 12 satellites and three additional satellites under construction, and manages the operations of 13 additional satellites for third parties. Telesat is privately held. Its principal shareholders are Canada's Public Sector Pension Investment Board and Loral Space & Communications Inc. .

Statement under the Private Securities Litigation Reform Act

This news release may contain statements that are not based on historical fact and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release concerning the beliefs, expectations, intentions, future events, future performance, business prospects and business strategy, including statements regarding projections for 2008 and beyond, are based on several assumptions. If any of these assumptions are not satisfied or prove to be incorrect, actual results could differ materially from those indicated in the forward-looking statements, depending on a variety of factors including, but not limited to, Telesat's ability to implement its business strategy and competition in the market. The information presented in this release reflects Telesat's expectations as of the date of this release. Telesat undertakes no obligation to update or revise the information herein.

For more information, contact: Karen Passmore, Argyle Communications 416-968-7311, ext 228 kpassmore@argylecommunications.com Kyla Thoms, Argyle Communications 416-968-7311, ext 237 kthoms@argylecommunications.com Gail Yamazaki, Telesat 240-751-4654 gyamazaki@telesat.com

Telesat

CONTACT: Karen Passmore, +1-416-968-7311, ext 228,
kpassmore@argylecommunications.com, or Kyla Thoms, +1-416-968-7311, ext 237,
kthoms@argylecommunications.com, both of Argyle Communications; or Gail
Yamazaki of Telesat, +1-240-751-4654 , gyamazaki@telesat.com

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

NetSuite CEO Zach Nelson Scheduled to Present at Canaccord Adams Global Growth ConferencePresentation to Showcase Advances in NetSuite's ERP / Accounting, CRM and Ecommerce Software Suite

SAN MATEO, Calif., Aug. 6 /PRNewswire-FirstCall/ -- NetSuite Inc. , a leading vendor of on-demand, integrated business management software suites for the mid-market enterprise and divisions of large companies, today announced that NetSuite CEO, Zach Nelson, will present at the upcoming Canaccord Adams Global Growth Conference, being held on Tuesday, August 12, 2008, at the InterContinental Hotel, in Boston. Mr. Nelson will discuss recent advances in NetSuite's innovative software suite, which allows companies to manage all of their key business operations -- including customer relationship management (CRM), enterprise resource planning (ERP) and accounting, and ecommerce -- in a single hosted system.

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

Mr. Nelson's presentation will begin at 7:00 a.m. (PDT) / 10:00 a.m. (EDT). An audio webcast of Mr. Nelson's presentation will be available on NetSuite's Investor Relations Web site at http://www.netsuite.com/investors.

About NetSuite

NetSuite Inc. is a leading vendor of on-demand, integrated business management software suites for mid-sized businesses and divisions of large companies. NetSuite enables mid-market companies to manage core business operations in a single system, which includes accounting / enterprise resource planning (ERP), customer relationship management (CRM), and ecommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information. For more information about NetSuite please visit http://www.netsuite.com/.

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

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

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

Siemens Home and Office Communication Devices (SHC) Announces the Appointment of Rod Keller as President and CEO for North America

DALLAS, Aug. 6 /PRNewswire/ -- Siemens Home and Office Communication Devices, LLC, a leading manufacturer of DECT and IP Phones as well as broadband routers, today announces the appointment of Rod Keller as President and CEO of its North American division. He replaces Gerd Pasedag, who as CEO successfully paved the way into the North American market with high quality SHC products. Pasedag will return to SHC headquarters based in Munich, Germany.

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In his role, Keller will lead a North American team charged with expanding the Siemens presence in both retail markets and with service providers for their cordless voice, next generation communication (NGC) and broadband solutions in the United States, Canada and Mexico. Keller assumed his new position on August 4. "We are pleased to be able to have someone with the experience of Rod Keller at the helm of our North American organization," said Jose Costa e Silva, Global CEO of SHC. "The US, Canada and Mexico markets is of growing importance as there is an increasing demand for innovative and high quality products in the field of home communication. That is why the NAFTA region fits perfectly within the global expansion strategy of SHC."

Keller, a technology veteran, has more than 25 years experience in the technology industry and most recently served as Vice President of Worldwide Sales at Linksys, a division of Cisco Systems, Inc. At Linksys, Keller was tasked with developing channel strategies and customer relationships for the consumer and small/medium business (SMB) markets, in addition to leading the global sales organization. Keller has previously served as President and CEO of Augmentix Corporation and in various senior management roles at Trilogy Software, Toshiba, DEC, Compaq, Dell and Epson.

Siemens Home and Office Communication Devices LLC

Siemens Home and Office Communication Devices LLC, a wholly owned subsidiary of Siemens Corporation, is affiliated with Siemens Home and Office Communication Devices GmbH & Co KG (SHC), a wholly-owned subsidiary of Siemens AG. These companies focus on the design, manufacturing and distribution of the full range of Siemens Gigaset products, including cordless phones, home media devices and broadband products and services, which are designed to enable seamless, integrated communication solutions for service providers and consumers.

Siemens and Gigaset are registered trademarks of Siemens AG or its subsidiaries and affiliates. All other company, brand, product and service names are trademarks or registered trademarks of their respective holders.

This release contains forward-looking statements based on beliefs of Siemens management. The words "anticipate," "believe," "estimate," "forecast," "expect," "intend," "plan," "should," and "project" are used to identify forward-looking statements. Such statements reflect the company's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend or assume any obligation to update these forward-looking statements.

More about Siemens Home and Office Communication Devices at http://www.siemens.com/gigaset/provider

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CONTACT: Siemens Home and Office Communication Devices, Mark Nietubyc,
+1-972-759-2465, mark.nietubyc@siemens.com; Connect Public Relations, Nikole
Evankovich, +1-801-373-7888, nikolee@connectpr.com

Web site: http://www.siemens.com/gigaset/provider

MedQuist Announces Changes to Board of Directors

MOUNT LAUREL, N.J., Aug. 6 /PRNewswire-FirstCall/ -- MedQuist Inc. announces that, in accordance with today's closing of the stock purchase agreement between Koninklijke Philips Electronics N.V. and CBaySystems Holdings, in which Philips has sold its approximate 69.5% ownership interest in MedQuist to CBaySystems Holdings, the following members of MedQuist's board of directors have resigned: Clement Revetti Jr., Edward Siegel, Gregory M. Sebasky and Scott M. Weisenhoff. They have been replaced by Robert Aquilina, Frank Baker, Peter Berger and Michael Seedman, who have been designated for election to the board of directors by CBaySystems Holdings pursuant to its Governance Agreement with MedQuist. Additionally, Aquilina has replaced Sebasky as chairman of the board of directors.

According to MedQuist interim president and CEO Mark Ivie, "We sincerely thank the outgoing board members for their service, and welcome the opportunity to work with CBaySystems Holdings' board designees to chart the future of our Company."

Robert M. Aquilina, 52, has served as an executive partner, a senior operating consultant role, to S.A.C. Private Capital Group, LLC (SAC PCG) since 2007. Previously, he served as an industrial partner at Ripplewood Holdings LLC (Ripplewood), held the role of co-chairman of Flag Telecom Group Ltd., and was a board member of Japan Telecom Inc. Prior to these positions, he was a senior operating executive of AT&T Inc., with a 21-year career.

Frank Baker, 35, is a managing director and co-founder of SAC PCG. Prior to establishing SAC PCG in 2007, he was a managing director at Ripplewood and RHJ International, where he was responsible for making various private equity investments and taking RHJ International public on the Brussels Stock Exchange. He joined Ripplewood's New York office in 1999. Previously, he spent more than three years in investment banking at J.P. Morgan Securities Inc. and Goldman Sachs & Co.

Peter Berger, 57, is a managing director and co-founder of SAC PCG. From 1995-1998 and 2000-2006, he was a founding member of Ripplewood and served as both a managing director of Ripplewood and a special senior advisor to the board of directors of RHJ International. Prior to joining Ripplewood, he was a senior partner and global head of the Corporate Finance Group at Arthur Andersen & Co.

Michael Seedman, 51, is the founder of Seedman and Associates, a private equity firm. He has served as an executive partner, a senior operating consultant role, to SAC PCG since 2007. He has more than 30 years of senior executive management, leadership and technological innovation expertise and experience. He was previously an industrial partner with Ripplewood, where he served on the D&M Holdings Inc. board of directors.

About MedQuist:

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

"Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: Statements in this press release regarding MedQuist's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements. As a result, forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

MedQuist Inc.

CONTACT: Kathleen Lang, Marketing Communications, of MedQuist Inc.,
+1-856-206-4725, klang@medquist.com

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

J.D. Power and Associates Reports: Market Penetration of Satellite Radio and Navigation Systems in New Vehicles Increases DramaticallyAlpine Electronics of America, Panasonic Automotive Systems Company of America, Delphi Corp. and Clarion Corp. of America Rank Highest in Vehicle Multimedia Quality

WESTLAKE VILLAGE, Calif., Aug. 6 /PRNewswire/ -- Growth in consumer demand for high-tech features supplied in new vehicles has led to a significant increase in market penetration for satellite radio and navigation systems according to the J.D. Power and Associates 2008 Multimedia Quality and Satisfaction Study(SM) released today.

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The study finds that 55 percent of new-vehicle owners report having satellite radio capability in their audio system, up considerably from 39 percent in 2007. Additionally, market penetration for navigation systems has also increased -- up to 25 percent in 2008 from 20 percent in 2007.

"New-vehicle buyers are looking for the latest technologies in audio systems, and the presence of features such as satellite radio and navigation systems will only increase as manufacturers try to meet consumer demand," said Allison LaDuc, senior research manager of automotive product quality at J.D. Power and Associates. "For instance, nearly 60 percent of consumers say they want a navigation system on their next vehicle, and 66 percent of consumers want the ability to play MP3 files. To meet or exceed consumer expectations, manufacturers will need to focus on incorporating high-tech features in multimedia systems while avoiding increases in problem levels."

The study evaluates owner experiences with the quality, design satisfaction and features of automotive multimedia systems in their new vehicles. Problems are measured per 100 vehicles (PP100). A lower PP100 score indicates higher quality. Twenty-eight different multimedia permutations are evaluated, which include different combinations of the following systems: AM/FM radio; cassette player; single CD player; multiple CD changer; navigation system; and satellite radio. Multimedia system suppliers are ranked based on the number of problems experienced per 100 vehicles (PP100) in four segments: AM/FM/single CD player, AM/FM/multi-CD changer, AM/FM/single CD player/satellite radio and AM/FM/multi-CD changer/satellite radio.

Alpine Electronics of America ranks highest in the AM/FM/single CD player segment with an overall PP100 score of 2.6, marking an improvement of 1.3 PP100 from 2007. Panasonic Automotive Systems Company of America (4.4 PP100) follows Alpine in the rankings, while Clarion Corp. of America and Continental Corp. tie to rank third with 4.5 PP100.

In the AM/FM/multi-CD changer segment, Panasonic Automotive Systems Company of America ranks highest with an overall PP100 score of 4.3, followed by Pioneer (4.6 PP100). SANYO Automotive U.S.A. ranks third with 5.0 PP100.

Delphi Corp. ranks highest in the AM/FM/single CD player/satellite radio segment with an overall PP100 score of 2.7. Visteon Corp. (3.6 PP100) and Panasonic Automotive Systems Company of America (4.1 PP100) follow in the rankings.

Ranking highest in the AM/FM/multi-CD changer/satellite radio segment is Clarion Corp. with an overall PP100 score of 5.4, followed by Delphi Corp. (5.6 PP100) and Visteon Corp. (6.0 PP100).

The study also finds that, for a third consecutive year, the three most commonly reported multimedia problems are front audio/entertainment system controls difficult to understand/difficult to use/poor location; navigation system map/wrong directions/poor location; and AM/FM radio poor/no reception. These issues account for nearly 60 percent of the total reported multimedia problems.

The 2008 Multimedia Quality and Satisfaction Study is based on responses from 81,530 new-vehicle owners who purchased a 2008 model-year vehicle. The study was fielded between February and April 2008.

AM/FM/Single CD Player Problems per 100 Vehicles* Supplier PP100 Alpine Electronics of America Inc. 2.6 Panasonic Automotive Systems Company of America 4.4 Clarion Corp. of America 4.5 Continental Corp. 4.5 Hyundai Autonet 5.1 Delphi Corp. 5.3 Pioneer 5.8 SANYO Automotive U.S.A. Inc. 6.5 AM/FM/Single CD Player Segment Average 8.1 Fujitsu Ten Corp. of America 26.0 AM/FM/Multi-CD Changer Problems per 100 Vehicles* Supplier PP100 Panasonic Automotive Systems Company of America 4.3 Pioneer 4.6 SANYO Automotive U.S.A. Inc. 5.0 Clarion Corp. of America 5.3 AM/FM/Multi-CD Changer Segment Average 5.3 Delphi Corp. 5.9 Clarion/SANYO - NC 6.9 Mitsubishi Electric Automotive America Inc. 8.0 Fujitsu Ten Corp. of America 8.3 AM/FM/Single CD/Satellite Radio Problems per 100 Vehicles* Supplier PP100 Delphi Corp. 2.7 Visteon Corp. 3.6 Panasonic Automotive Systems Company of America 4.1 AM/FM/Single CD/Satellite Radio Segment Average 5.3 Continental Corp. 6.7 Hyundai Autonet 10.0 Fujitsu Ten Corp. of America 10.4 AM/FM/Multi-CD Changer/Satellite Radio Problems per 100 Vehicles* Supplier PP100 Clarion Corp. of America 5.4 Delphi Corp. 5.6 Visteon Corp. 6.0 AM/FM/Multi-CD Changer/Satellite Radio Segment Average 6.5 Panasonic Automotive Systems Company of America 6.6 Pioneer 7.6 * Problems per 100 vehicles is measured via actual customer feedback related to the number of "things gone wrong." A lower score reflects better quality performance.

NOTE: Only award-eligible suppliers are included in the ranking. To be award eligible, a primary supplier (or a split-sourcing arrangement that is non-competitive) must have sourced at least two vehicle models with sufficient sample within the appropriate award category.

About J.D. Power and Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, training and customer satisfaction. The company's quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2007 were $6.8 billion. Additional information is available at http://www.mcgraw-hill.com/.

J.D. Power and Associates Media Relations Contacts: John Tews Syvetril Perryman Troy, Mich. Westlake Village, Calif. (248) 312-4119 (805) 418-8103 john.tews@jdpa.com syvetril.perryman@jdpa.com

No advertising or other promotional use can be made of the information in this release without the express prior written consent of J.D. Power and Associates. http://www.jdpower.com/corporate

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CONTACT: John Tews, +1-248-312-4119, john.tews@jdpa.com, or Syvetril
Perryman, +1-805-418-8103, syvetril.perryman@jdpa.com, both of J.D. Power and
Associates

Web site: http://www.jdpower.com/
http://www.mcgraw-hill.com/

Microsoft Releases SQL Server 2008Customers and partners worldwide confirm mission-critical applications, enterprise-class data warehousing support.

REDMOND, Wash., Aug. 6 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced the release to manufacturing of Microsoft SQL Server 2008, the new version of the company's acclaimed data management and business intelligence platform. This version of SQL Server provides powerful new capabilities such as support for policy-based management, auditing, large-scale data warehousing, geospatial data, and advanced reporting and analysis services. SQL Server 2008 provides the trusted, productive and intelligent platform necessary for business-critical applications.

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"Microsoft developed this release of SQL Server with the customer in mind," said Ted Kummert, corporate vice president of the Data and Storage Platform Division at Microsoft. "SQL Server 2008 is the only major database that includes comprehensive, tightly integrated functionality for data management as well as advanced business intelligence out of the box. By offering a complete solution, we save customers time and money and allow them to focus on deriving the most value from their data assets."

With more than 450,000 customer and partner downloads of SQL Server 2008's community technology previews (CTPs), more than 75 large-scale applications already in production and more than 1,350 applications being developed by nearly 1,000 independent software vendors (ISVs) on SQL Server 2008, it's clear that customers and partners are excited about the capabilities now available in SQL Server 2008. Tim Whitehorn, founder and chief executive officer of event management software provider ServiceU Corp., said, "We selected SQL Server 2008 because we can entrust it with our critical business applications. SQL Server 2008 is highly secure and reliable, and offers the best value on the market today. In addition, it accelerates the time frame for deploying new features and enhancements, and that to us makes SQL Server a winner."

A number of enterprise customers from various industries are testing SQL Server 2008 including Clear Channel Communications Inc., Fidelity Investments, Hilton Hotels Corp., Simon & Schuster Inc., Siemens AG and Xerox Corp., among many others.

SQL Server has been well-received in the analyst community. Noted Forrester Research Inc. analyst Noel Yuhanna wrote in a January 2008 report, "The Forrester Wave: Information-As-A-Service, Q1 2008," "Microsoft is (one of) the only vendor(s) with top enterprise search and business intelligence reporting capabilities. It offers strong support for aggregation, summarization, search engine and dashboards. Transactions across distributed data sources and long-running transactions are also strengths for Microsoft."

SQL Server is an industry leader in both scalability and performance. It is the first and only database management system to be proven capable of delivering scalable results on TPC-E, the Transaction Processing Performance Council's (TPC) newest and most challenging online transaction processing (OLTP) benchmark, with 13 published benchmarks to date.(1) Seven benchmarks are published on Windows Server 2008 and SQL Server 2008 by multiple hardware vendors, demonstrating strong price-performance and performance results, including IBM Corp.'s new No. 1 performance result using SQL Server 2008 on a 64-core System x3950 M2 server.(2) Also demonstrating the performance of SQL Server 2008, Unisys Corp. and Microsoft set a new extract, transform and load (ETL) performance record by loading 1 terabyte of data in less than 30 minutes using SQL Server 2008 Integration Services. In addition, SQL Server 2008 has proven its scalability in large-scale data warehousing, as demonstrated by its recent 10-terabyte TPC-H benchmark.(3)

"We saw a 35 percent improvement in throughput on the system that we upgraded to SQL Server 2008, with no code changes on our end," said Gary Oberg, vice president of IT and development at Applied Discovery (a member of the LexisNexis group). "This translates straight to the bottom line for us, as the more documents we can upload, the more we can process."

Microsoft is setting additional benchmark records with ISV solutions, including a world record on four-socket industry-standard blade servers in a three-tier SAP Sales and Distribution (SD) Standard Application Benchmark, and demonstrated the largest benchmark ever on the Siemens Teamcenter digital product life-cycle management solution, Microsoft Dynamics CRM, Microsoft Dynamics AX and the Camstar Manufacturing Execution System solution.

SQL Server is a key component of the Microsoft Application Platform, a suite of products and technologies designed to help customers build, run and manage dynamic business applications. SQL Server 2008 is available in the following editions:

-- SQL Server 2008 Enterprise. SQL Server 2008 Enterprise is a comprehensive data management and business intelligence platform that provides enterprise-class scalability, data warehousing, security, advanced analytics and reporting support for running business-critical applications. With this edition, it is possible to consolidate servers and perform large-scale online transactional processing.

-- SQL Server 2008 Standard. SQL Server 2008 Standard is a complete data management and business intelligence platform that provides best-in-class ease of use and manageability for running departmental applications.

-- SQL Server 2008 Workgroup. SQL Server 2008 Workgroup is a reliable data management and reporting platform that delivers secure, remote synchronization and management capabilities for running branch applications. This edition includes core database features and is easy to upgrade to the Standard or Enterprise edition.

-- SQL Server 2008 Web. SQL Server 2008 Web is designed for highly available, Internet-facing Web-serving environments running on Windows Server. SQL Server 2008 Web provides the tools necessary to support low-cost, large-scale, highly available Web applications or hosting solutions for customers.

-- SQL Server 2008 Developer. SQL Server 2008 Developer allows developers to build and test any type of application with SQL Server. This edition features all of the functionality of SQL Server Enterprise but is licensed only for development, test and demo use. Applications and databases developed on this edition can easily be upgraded to SQL Server 2008 Enterprise.

-- SQL Server 2008 Express. SQL Server 2008 Express is a free edition of SQL Server that features core database functionality including all of the new SQL Server 2008 data types, in a small footprint. This edition is ideal for learning and building desktop and small server applications, and for redistribution by ISVs.

-- SQL Server Compact 3.5. SQL Server Compact is a free embedded database designed for developers and is ideal for building stand-alone and occasionally connected applications for mobile devices, desktops and Web clients. SQL Server Compact runs on all Microsoft Windows platforms, including the Windows XP and Windows Vista operating systems, and on Pocket PC and smartphone devices.

Pricing and Availability

SQL Server 2008 is now available to MSDN and TechNet subscribers and will be available for evaluation download on Aug. 7, 2008. SQL Server 2008 Express and SQL Server Compact editions are available for free download today at http://www.microsoft.com/sqlserver. As previously announced, pricing for SQL Server will not increase with SQL Server 2008. More information is available at http://www.microsoft.com/presspass/presskits/sqlserver.

About Microsoft

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

(1) TPC benchmarks are produced by the Transaction Processing Performance Council (TPC). Full results are available at http://www.tpc.org/. Results referenced are current as of July 29, 2008. (2) IBM System x3950 M2, 1250 tpsE, 1311 $/tpsE, available Aug. 30, 2008. (3) HP Integrity Superdome, 63651 QphH@10TB, 38.54 $/QphH@10TB, available Aug. 30, 2008.

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PRN Photo Desk, photodesk@prnewswire.com Microsoft Corp.

CONTACT: Rapid Response Team of Waggener Edstrom Worldwide,
+1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft Corp.

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

Cameron Associates Clients To Highlight Upcoming Noble Financial M.A.D. MAX Equity ConferenceFour Client Companies Make the Noble Roster of Presenting Companies

NEW YORK, Aug. 6 /PRNewswire/ -- Cameron Associates, Inc., a premier full-service New York based investor relations firm, today announced that four of their clients will be presenting at the Noble Financial M.A.D. MAX Equity Conference taking place at the Loews Lake Las Vegas Resort on August 18th and 19th.

Commenting on the conference, Lester Rosenkrantz, President of Cameron Associates, stated, "It has been a pleasure working with the Noble Financial team in securing presentation spots for our clients. With a wealth of experience and success in representing emerging companies in the U.S., Cameron Associates, Inc. specializes in broadening the financial market presence of their clients while facilitating new relationships within the investment community. The fourth annual small-cap conference hosted by Noble Financial is a prime vehicle for achieving such objectives as Noble has consistently assembled a diverse cross section of quality companies and investment professionals at exciting and memorable venues. With approximately 130 presenting companies expected, this year's conference is bound to continue tradition by providing the ideal environment for the successful exchange of compelling new investment ideas."

To register to attend the Noble Financial M.A.D. MAX Equity Conference, in Lake Las Vegas, please visit: http://www.noblemadmax.com/

Presenting Cameron clients include:

-- Argyle Security, Inc., (BULLETIN BOARD: ARGL) , a service and solutions provider in the physical electronic security industry, will present at 5:00pm on August 18th.

-- Misonix, Inc. , a developer of minimally invasive ultrasonic medical device technology, which in Europe is used for the ablation of cancer and worldwide for other acute health conditions, will present at 8:30am on August 19th.

-- Synergetics USA, Inc. , a leading microsurgery company that designs, manufactures, and markets medical devices for use primarily in ophthalmic surgery and neurosurgery, will present at 8:30am on August 19th.

-- Zix Corporation (ZixCorp(R)), , the leader in hosted services for email encryption and e-prescribing, will present at 8:00am on August 19th.

About Cameron Associates, Inc.

Founded in 1976, Cameron Associates, Inc. is a New York City-based, full-service investor relations firm providing strategic counsel to a select group of public companies. The firm is particularly focused on assisting emerging companies in the U.S. who need guidance in achieving key business goals such as improved visibility and reputation in the equity markets, proper positioning of complex financial transactions, and communicating critical corporate issues. Additional information about Cameron Associates can be found on the company's web site at http://www.cameronassoc.com/.

About Noble Financial

Noble Financial is a privately-held, full-service capital markets firm driven by what is often overlooked by other firms -- uncovering the value embedded in the orphaned, undiscovered or misunderstood company. The company focuses on converting market inefficiencies into profit opportunities. Noble Financial supports emerging companies through strategic advice, investment banking, market-making, sales & trading, comprehensive equity research, and the development of institutional support. Noble Financial's equity conferences -- 2008 marks its fourth annual -- allow for a unique blend of professional and personal interaction among a diverse cross-section of executives. The company has operated for 24 years and has offices in Florida, New York City, St. Louis and other satellite locations.

The M.A.D. MAX conference is by invitation only.

Cameron Associates, Inc.

CONTACT: Lester Rosenkrantz, President of Cameron Associates,
+1-212-554-5486, or Lester@cameronassoc.com; or Mark Pinvidic of Noble
Financial, +1-561-939-7243, or info@noblemadmax.com

Web site: http://www.cameronassoc.com/
http://www.noblemadmax.com/

Authentidate To Acquire Parascript, LLCAcquisition of Image Analysis and Pattern Recognition Software Provider Combines Complementary Technologies to Address Health Care and Other Markets

BERKELEY HEIGHTS, N.J. and BOULDER, Colo., Aug. 6 /PRNewswire-FirstCall/ -- Authentidate Holding Corp. , a worldwide provider of secure workflow management software and web-based services, and Parascript, LLC, an image analysis and pattern recognition software provider, today announced that the companies have signed a definitive merger agreement. Under the terms of the agreement, Authentidate will acquire Parascript, for up to $10 million in cash, a five year 10% note in the principal amount of $20 million, which is subject to adjustment, 30 million shares of Authentidate common stock, and all of the shares of Authentidate's German subsidiary, Authentidate International AG. Contingent consideration based on the financial performance of a newly formed business unit may also be paid in Authentidate common stock in 2012.

The transaction has been unanimously approved by the board of directors of Authentidate and the manager of Parascript. The companies expect the transaction to be completed in the fourth quarter of calendar year 2008.

Parascript's image analysis and pattern recognition software interprets human thinking and behavioral patterns based on cognitive science, pattern recognition, neural networks and artificial intelligence. For over a decade, Parascript has continually improved and adapted its image analysis and pattern recognition software to make it usable in a variety of applications for the medical imaging, postal, mail automation, business process outsourcing, banking and financial services industries.

For the calendar year ended December 31, 2007, Parascript had gross revenues from continuing operations of approximately $22 million and net income before taxes of approximately $6.9 million. Net income before taxes included approximately $2.2 million in net losses from an entity being closed down by Parascript, the net loss of which is included in income from continuing operations.

F. Ross Johnson, Chairman of Authentidate Holding Corp., stated, "We view this as a strategic merger that brings together technologies from two forward thinking companies working to revolutionize the operational infrastructure of the healthcare industry by improving workflows and enhancing document security. We believe the merger will help both companies build greater momentum within the industry, growing their businesses and increasing shareholder equity. As such, the Board believes that this transaction offers Authentidate's shareholders a tremendous opportunity to maximize their investment. I am confident I am leaving the company with a strong management team to guide Authentidate along its new strategic path."

Authentidate also announced that Mr. Johnson will be retiring from the board after the closing of the merger.

Jeff Gilb, President and CEO of Parascript, who will become Chief Executive Officer of the combined company, said, "The combination of Parascript and Authentidate presents new growth opportunities that were not available to Parascript when it was privately held. The recognition software industry is at the beginning of a significant transformation of applications and services -- one that is projected to enable higher performance and greater labor savings for our customers. This brings extraordinary opportunities for our combined business to accelerate its growth. The combination creates a new company with a comprehensive portfolio that will be poised to deliver significant benefits to customers, employees and stockholders."

"We have worked to add new services and penetrate new segments of the multi-billion dollar healthcare industry," stated Ben Benjamin, President of Authentidate. "The addition of Parascript's innovative intelligent recognition software to our technology base will allow us to further develop our product offerings."

Transaction Terms

Authentidate's board of directors and the manager of Parascript LLC have unanimously approved an agreement and plan of merger that will result in Authentidate and Parascript becoming wholly-owned subsidiaries of a new Authentidate holding corporation ("New Authentidate") and will continue to trade under Authentidate's current Nasdaq stock symbol, "ADAT." Current Authentidate stockholders will receive shares in the New Authentidate holding corporation to replace their existing Authentidate shares. Any shares issued to Parascript members in the transaction will be shares of New Authentidate.

Authentidate stockholders will exchange their existing shares of Authentidate common stock, $.001 par value, for an equal number of shares of common stock in New Authentidate. Under the merger agreement, Authentidate and Parascript will survive as wholly owned subsidiaries of New Authentidate and New Authentidate will be renamed "Authentidate Holding Corp." on the closing of the transaction. All of the outstanding units of Parascript will be exchanged, less certain amounts required to pay outstanding debt and obligations, for a total of up to $10 million in cash all of the shares of Authentidate's subsidiary Authentidate International AG (the "AG Shares"), 30 million shares of New Authentidate common stock, and a 10% note in the principal amount of $20 million, which is subject to adjustment (the "Note"). Principal and interest on the Note are subject to certain restrictions on payment.

After the closing, New Authentidate will form a subsidiary to exploit certain markets for Parascript's image analysis and pattern recognition technology. The Parascript unit holders will also be entitled to receive additional shares of New Authentidate common stock equal to ten times the average annual EBITDA achieved for fiscal years 2010 and 2011, divided by $3.00.

Upon the closing, the size of the board of directors of New Authentidate will be increased from six to nine members comprised of four nominees of Parascript and four nominees of Authentidate and the CEO of New Authentidate. Aron Katz will become non-executive Chairman of the Board of New Authentidate effective at the closing of the merger; Jeffrey Gilb, currently the Chief Executive Officer of Parascript will become Chief Executive Officer of New Authentidate; and O'Connell Benjamin will become President of New Authentidate after the merger.

Duff & Phelps advised the Special Committee of the Board of Directors of Authentidate and provided a fairness opinion to the Special Committee. Becker & Poliakoff, LLP acted as legal counsel to Authentidate. Davis Graham & Stubbs, LLP acted as legal counsel to Parascript.

About Authentidate Holding Corp.

Authentidate Holding Corp. is a worldwide provider of secure workflow management software and web-based services. The company's automated and trusted workflow solutions enable enterprises and office professionals to employ rules-based electronic forms, intelligent routing and transaction management, electronic signing, content authentication, identity credentialing and verification and web and fax based communication capabilities. Customer benefits from the company's offerings include increased revenues, reduced costs, improved productivity and service levels, automated audit trails, enhanced compliance with regulatory requirements and the reduction of paper- based processes. The company has offices in the United States and Germany. In the United States we offer our patent pending content authentication technology in the form of the United States Postal Service(R) Electronic Postmark(R) (EPM).

About Parascript

The Parascript image analysis suite extracts meaningful information from images. Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite automates costly data entry and improves decision quality in medical imaging, postal and payment automation, fraud detection and forms processing operations. Parascript software processes over 100 billion imaged documents per year. Fortune 500 companies, postal operators, major government and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Bowe Bell & Howell, CheckFree -- now part of Fiserv, Elsag, Lockheed Martin, NCR, Siemens and Unisys.

Additional Information About this Transaction

In connection with the proposed transaction, Authentidate will file with the Securities and Exchange Commission (the "SEC"), a Registration Statement on Form S-4, containing a joint proxy statement of Authentidate and Parascript, and a prospectus of Authentidate covering the New Authentidate common stock to be issued to Parascript unit holders upon closing of the transaction. Authentidate and Parascript will mail the Joint Proxy Statement/Prospectus to their respective security holders. The joint proxy statement/prospectus contains important information on the transaction and Authentidate and Parascript urge investors and security holders to read the joint proxy statement/prospectus when it becomes available.

Investors and security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus and other documents filed with the SEC by and through the web site maintained by the SEC at http://www.sec.gov/. In addition, investors and security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus when they become available from Authentidate by using the contact information for Authentidate Investor Relations set forth below.

Not a Proxy Statement

This press release is not a proxy statement or a solicitation of proxies from the holders of common stock of Authentidate or the unit holders of Parascript and does not constitute an offer of any securities of Authentidate for sale. Any solicitation of proxies will be made only by the joint proxy statement/prospectus of Authentidate and Parascript that will be mailed to all security holders promptly after it is declared effective by the SEC. The joint proxy statement/prospectus will contain important information on the transaction. Investors and security holders of Authentidate and Parascript are urged to read the joint proxy statement/prospectus and the relevant materials when they become available.

For more information, please contact: Investor Contacts: Authentidate: Media Contacts: Todd Fromer / Garth Russell Erika Kay KCSA Worldwide KCSA Worldwide 212-896-1215 / 212-896-1250 212-896-1208 tfromer@kcsa.com / grussell@kcsa.com ekay@kcsa.com

You may obtain copies of all documents filed with the SEC regarding this transaction, free of charge, at the SEC's website (http://www.sec.gov/). You may also obtain these documents, free of charge, from Authentidate's website (http://www.authentidate.com/) under the tab "About Us - Investor Relations and then under the item "SEC Filings".

Proxy Solicitation

Authentidate and Parascript and their respective directors, executive officers and certain other members of management and employees may be soliciting proxies from Authentidate stockholders in favor of the merger. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the Authentidate stockholders in connection with the proposed merger will be set forth in the proxy statement/prospectus when it is filed with the SEC. You can find information about Authentidate's executive officers and directors in its definitive proxy statement filed with the SEC on March 28, 2008. You can obtain free copies of these documents from the SEC free of charge at the SEC's web site at http://www.sec.gov/ and from Authentidate using the contact information above.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of the Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, related decisions by the USPS, the impact of competition, the management of growth, the success of the merger and the combined business and the other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the SEC. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.

Authentidate Holding Corp.

CONTACT: For Authentidate Holding Corp., Investor Contacts, Todd Fromer,
+1-212-896-1215, tfromer@kcsa.com, or Garth Russell, +1-212-896-1250,
grussell@kcsa.com, or Media, Erika Kay, +1-212-896-1208, ekay@kcsa.com, all of
KCSA Worldwide; or Jeffrey Gilb, Chief Executive Officer, Parascript, LLC,
+1-303-381-3100, jeff.gilb@parascript.com

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

Gameloft and Universal Pictures Ink Licensing Agreement and Rev Up for Official Mobile Game of Death RaceUniversal Pictures' Upcoming Action-Thriller Goes High Octane on Cellular Phones

NEW YORK, August 6 /PRNewswire-FirstCall/ -- The drivers are chosen, the weapons are loaded and the Death Race is on! Gameloft(R), a leading developer and publisher of mobile and console games, today announced a licensing agreement with Universal Pictures Digital Platforms Group to develop and publish the official mobile game of the upcoming action-thriller Death Race, which opens in theaters on August 22, 2008.

"Having the exclusive mobile game available just weeks before the launch of one of summer's most anticipated films is a great opportunity for us," stated Gonzague de Vallois, Senior Vice President of Publishing, Gameloft. "The Death Race mobile game offers fans a great way to experience their favorite film, both before and after its debut, by adding an intense interactive component to the movie."

"We have an exceptional, collaborative relationship with Gameloft and we continue to be impressed by the high-quality, graphically-rich mobile games they produce from our films," said Jeremy Laws, Senior Vice President, Mobile & Broadband for Universal Pictures Digital Platforms Group. "The Death Race storyline is inherently game ready, and we believe that a lot of the film's fans will be gamers who will love Gameloft's mobile game."

Pushing the limits of the mobile racing game, Gameloft's Death Race captures the full throttle action of the film's dystopian world in which the most extreme racing competition has emerged and its contestants are murderous prisoners. . Race in one of the film's seven "Steel Beasts," each one with a different play style and armed to the teeth. Armor up and throttle down for the game's five-episode "Story Mode," which runs a gauntlet of challenges ranging from "Race," "Rampage," "Eliminator," "Shooter" and "Boss Battles"-featuring a mix of shooting and racing. Complete the "Story Mode" and unlock the "Single Race Mode," which allows fans to blast through all of the Death Race tracks and challenges.

As the game progresses, new cars and lethal weapons are unlocked, and the skill level of the opponents adjust-getting stronger and more lethal as the game's speed and tempo ramp up both the competition and the firepower!

Gameloft's Death Race mobile game will launch on all major carrier decks in August 2008.

About Death Race

International action star Jason Statham leads the action-thriller's cast as three-time speedway champion Jensen Ames, an ex-con framed for a gruesome murder. Forced to don the mask of the mythical driver Frankenstein, a Death Race crowd favorite who seems impossible to kill, Ames is given an easy choice by Terminal Island's ruthless Warden Hennessey (Joan Allen): Suit up and drive or never see his little girl again.

His face hidden by a hideous mask, one convict will enter an insane three-day challenge in order to gain freedom. But to claim the prize, Ames must survive a gauntlet of the most vicious criminals-including nemesis Machine Gun Joe (Tyrese Gibson)-in the country's toughest prison. Trained by his coach (Ian McShane) to drive a monster Mustang V8 Fastback outfitted with 2 mounted mini-guns, flamethrowers and napalm, an innocent man will destroy everything in his path to win the most twisted spectator sport on Earth.

About Gameloft

Gameloft is a leading international publisher and developer of video games for mobile phones and consoles. Established in 1999, it has emerged as one of the top innovators in its field. The company creates games for mobile handsets equipped with Java, Brew or Symbian technology. The total number of games-enabled handsets is anticipated to exceed four billion units by 2012. Gameloft games are also available to players on WiiWare and DS, Microsoft's Xbox LIVE Arcade, Apple's iPod and PCs.

Partnership agreements with leading licensors and sports personalities such as Ubisoft Entertainment, Universal Pictures, ABC, Dreamworks Animations SKG, Endemol, 20th Century Fox, Viacom, Sony Pictures, Touchtone Television, Warner Bros., FifPro, Ferrari, Paris Hilton, Gus Hansen, Kobe Bryant, Derek Jeter, Reggie Bush, Chuck Norris, Jonny Wilkinson or Robinho allow Gameloft to form strong relationships with international brands. In addition to the partnerships, Gameloft owns and operates titles such as Block Breaker Deluxe, Asphalt: Urban GT and New York Nights.

Through agreements with major telephone wireless carriers, handset manufacturers, specialized distributors and its online shop, Gameloft has a distribution network in over 80 plus countries.

Gameloft has worldwide offices in New York, San Francisco, Seattle, Montreal, Mexico, Buenos Aires, Paris, London, Cologne, Milan, Madrid, Lisbon, Copenhagen, Warsaw, Helsinki, Vienna, Bucharest, New Delhi, Seoul, Kuala Lumpur, Beijing, Hong Kong, Singapore, Tokyo and Sydney. Gameloft is listed on Euronext Paris (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA)

About Universal Pictures Digital Platforms Group

Universal Pictures Digital Platforms (UPDPG) is responsible for global digital product development, production, licensing, distribution, and growth strategy for the extensive catalogue of Universal's properties across new and emerging digital platforms, including mobile, video game consoles, personal computers, and other portable devices. With a worldwide mandate to help shape the digital future of Universal Pictures, the Group has offices in Universal City, California; London, England; and Tokyo, Japan.

Universal Pictures Digital Platforms Group is a unit of Universal Studios Home Entertainment and Universal Pictures. Universal Pictures is a division of NBC Universal, one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience. Formed in May 2004 through the combining of NBC and Vivendi Universal Entertainment, NBC Universal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, and world-renowned theme parks. NBC Universal is 80% owned by General Electric and 20% owned by Vivendi.

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

Gameloft

CONTACT: For further information, please contact: Sanette Chao,
+1-212-994-2495, sanette.chao@gameloft.com

America Movil to Bring iPhone 3G to 10 Countries in Latin America on August 22

MEXICO CITY, Aug. 6 /PRNewswire-FirstCall/ -- America Movil, the leading wireless service provider in Latin America, today announced that it will bring iPhone 3G to 10 more countries in the region on August 22.

iPhone 3G will be available through America Movil's Latin American operations in Argentina, Chile, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Paraguay, Peru and Uruguay.

iPhone 3G combines all the revolutionary features of iPhone plus 3G networking that is twice as fast*, built-in GPS for expanded location-based mobile services, and iPhone 2.0 software which includes support for Microsoft Exchange ActiveSync and runs hundreds of third party applications available through the new App Store.

America Movil is leading the adoption of 3G technologies in Latin America with the largest UMTS/HSDPA platform in the region. Today America Movil's 3G networks are available in 15 countries in the Americas.

Details on pricing and availability will be announced soon. For more information: http://www.claro.com.ar/ ; http://www.clarochile.cl/ ; http://www.comcel.com/ ; http://www.porta.net/ ; http://www.claro.com.sv/ ; http://www.claro.com.gt/ ; http://www.claro.com.hn/ ; http://www.claro.com.py/ ; http://www.claro.com.pe/ ; http://www.claro.com.uy/

America Movil, S.A.B. de C.V. (BMV: AMX) (LATIBEX: XAMXL), is the leading wireless service provider in Latin America, with operations in 17 countries in the Americas. As of June 30, 2008, it had 165.3 million wireless subscribers and 3.9 million landlines.

* Based on 3G and EDGE testing. Actual speeds vary by site conditions.

America Movil

CONTACT: Michael Sias of America Movil, +1-561-391-8717,
msias@reevespr.com

Web site: http://www.claro.com.ar/

MedQuist Announces Completion of Transaction

MOUNT LAUREL, N.J., Aug. 6 /PRNewswire-FirstCall/ -- MedQuist Inc. today announced the closing of the transaction by Koninklijke Philips Electronics N.V. to sell its approximate 69.5% ownership interest in MedQuist to CBaySystems Holdings Ltd., a publicly traded holding company with a portfolio of investments in medical transcription, healthcare technology, and healthcare financial services, including CBay Systems & Services Inc., CBay Systems Private Ltd., and Mirrus Systems.

Raman Kumar, vice chairman of CBaySystems Holdings Ltd., said, "We welcome MedQuist to CBaySystems Holdings. With MedQuist's long-standing customer relationships, award-winning dictation and speech recognition technologies, and world-class services, I believe the Company is well-positioned for the future. The MedQuist business model complements our existing portfolio of companies that continue to grow and innovate by delivering cost-effective, high quality services to their target markets."

Robert M. Aquilina, newly appointed chairman of the MedQuist board of directors, said, "This is a particularly exciting time for both CBay and MedQuist. The medical transcription market is expected to experience significant growth, fueled by favorable demographics and market trends. I look forward to working with the many talented people at MedQuist."

Mark Ivie, interim president and CEO of MedQuist, commented, "Our recent results show that the market has been very receptive to our technologies and services, and we expect that the transaction will only help us build on that momentum. We see MedQuist emerging as an even stronger company, with enhanced growth opportunities for our employees, customers, and all of our shareholders. We believe that the strategic and financial oversight to be provided by our new holding company will benefit all of our constituencies."

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

"Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: Statements in this press release regarding MedQuist's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements. As a result, forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

MedQuist Inc.

CONTACT: Kathleen Lang, Marketing Communications for MedQuist Inc.,
+1-856-206-4725, klang@medquist.com

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

Brier, Wash., Awards Video Franchise to VerizonVote Paves the Way for Innovative, Competitive Choice for TV Service, Delivered Over the Nation's Most Advanced, All-Fiber-Optic Network Straight to Consumers' Homes

EVERETT, Wash., Aug. 6 /PRNewswire/ -- Residents of Brier are a major step closer to having an innovative, reliable and competitive alternative for their television services, thanks to a unanimous vote by the City Council Tuesday night (Aug. 5) authorizing Verizon to offer its fiber-optic-powered FiOS TV.

Brier is the seventh community in the state to grant a video franchise to Verizon, following recent approvals in Bothell, Edmonds, Everett, Kenmore, Lynnwood and Marysville. The company plans to begin offering FiOS TV in Washington later this year.

FiOS TV offers consumers a broad range of programming choices and superior picture quality from the only TV service delivered over the nation's most advanced all-fiber network directly connecting to millions of individual homes and businesses.

"Approval of Verizon's video franchise is great news for the residents of Brier, who will soon have more choice for their video entertainment," said David S. Valdez, senior vice president for Verizon's Pacific Northwest region. "We commend the mayor, City Council and city staff for their dedication and hard work throughout this process. They recognize and support the technological advantage and competitive benefits, as well as the distinctive edge in economic development and quality of life that fiber will bring to their community.

"We look forward to reaching similar agreements with other Washington communities," said Valdez.

The franchise votes give Verizon the authority to offer FiOS TV to up to 2,200 households in Brier. Many Verizon customers in Washington are already enjoying FiOS Internet service, which delivers ultra-fast download speeds up to 50 Mbps (megabits per second).*

Verizon already provides FiOS TV in parts of California, Delaware, Florida, Indiana, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Texas and Virginia.

FiOS TV Service Highlights FiOS TV service highlights include:

-- More than 400 all-digital channels grouped by genres such as entertainment, sports, news, shopping, movies and family, making it easy for audiences to find their favorite programming.

-- A wide array of high-definition channels, with extraordinary clarity and theater-quality sound. The company plans to significantly expand the HD lineup to include all available major HD programming by year-end.

-- An industry-leading library of more than 10,000 video-on-demand (VOD) titles each month, 70 percent of which are free. In addition, an increasing number of on-demand titles in high definition, with 1,000 HD VOD titles per month by the end of the year.

-- An easy-to-use interactive media guide that integrates HD programming, on-demand content and the digital video recorder along with broadcast television into a seamless user experience.

-- Set-top boxes ranging from a standard-definition box to the Home Media DVR, featuring a multi-room DVR that enables up to three simultaneous viewings of recorded programs without requiring customers to set up a complex home network or buy extra equipment. The recorder is bundled with Media Manager, a feature that lets customers easily access photos and music from their personal computer and play them on their entertainment center where they look and sound the best.

-- FiOS TV Widgets, a free interactive feature that provides local weather and traffic information.

Programming choices for Hispanic, African-American, Asian, Russian and other multicultural audiences are available in every market, making FiOS TV an outlet for emerging and independent networks to showcase their diverse programming.

Everett consumers can check online at http://www.verizon.com/fios for more information or to request that Verizon contact them when FiOS TV becomes available. Customers also can call their local Verizon sales office or 888-GET FiOS (888-438-3467).

FiOS TV is delivered over Verizon's all-fiber-optic network, which brings the power and capacity of fiber optics directly into people's homes and has industry-leading quality and reliability. Fiber delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. It also delivers Internet download speeds of up to 50 Mbps* (megabits per second) and upload speeds of up to 20 Mbps, as well as high-quality voice services.

* NOTE: actual (throughput) speeds will vary.

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: Jon Davies of Verizon, +1-805-372-6969, jon.davies@verizon.com

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

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

Exelon Nuclear Launches Texas Web SiteDebuting Today at http://www.ExelonNuclearTexas.com

VICTORIA, Texas, Aug. 6 /PRNewswire-FirstCall/ -- Exelon Nuclear today announced the launch of a new Texas-based Web site intended to keep the public updated and informed about the company's proposed Victoria County nuclear plant. The Web site address is http://www.exelonnucleartexas.com/.

The Web site includes project updates, upcoming events, facts about the proposed project, facts about nuclear energy in general, background on Exelon Nuclear, and an interactive feature so that the public can ask questions about the project. Exelon Nuclear is committed to providing accurate and timely information to the public so the site will be updated on a regular basis. This new Web site will make information regarding the new plant licensing process more widely accessible.

"Exelon's corporate values include a strong commitment to keeping our neighbors informed. We hope that people in Victoria County and in all of Texas turn to our new Web site when they need information about our plans," Bill Harris, community outreach manager for Exelon, said.

In 2007, Exelon announced it was exploring building a nuclear facility in Victoria County and that it would file a combined construction and operating license application (COL) with the Nuclear Regulatory Commission as part of the decision-making process. The site encompasses 11,500 acres about 20 miles south of the city of Victoria, near McFaddin. If Exelon moves forward with this project, construction could begin as early as 2011.

Exelon Corporation is one of the nation's largest electric utilities with approximately $19 billion in annual revenues. The company has one of the industry's largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and Pennsylvania and natural gas to approximately 480,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.

Contact: Bill Harris 361-578-2705 (o)

309-716-9110 (c)

Exelon Corporation

CONTACT: Bill Harris of Exelon Corporation, +1-361-578-2705, cell,
+1-309-716-9110

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

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News archive of November 2009
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