Companies news

Consolidated Graphics Reports June Quarter 2009 Financial Results in Line With Recent Guidance- First Quarter Revenues Up 10% to $285.2 Million -

HOUSTON, Aug. 6 /PRNewswire-FirstCall/ -- Consolidated Graphics, Inc. today announced financial results for its first quarter ended June 30, 2008.

Revenue for the June quarter was $285.2 million, up 10% compared to $258.6 million in the same quarter a year ago. Net income for the June quarter was $9.6 million or $.84 diluted earnings per share. Net income for the June 2007 quarter was $11.6 million or $.82 per diluted share, excluding a $2.4 million ($.14 earnings per diluted share) foreign currency exchange gain. Including the foreign currency gain, net income was $13.6 million or $.96 per diluted share for the quarter ended June 30, 2007. Adjusted EBITDA for the June quarter was $37.6 million, an increase of $1.2 million or 3% compared to the same quarter a year ago. Free cash flow for the June quarter was $29.5 million compared to $24.5 million in the same quarter a year ago.

Commenting on the results, Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics stated, "We believe that we are seeing the negative impact on our volume of business and selling prices caused by the current weakness in the U.S. economy. We are carefully monitoring our expenses, and expect to respond rapidly to any further deterioration in revenues. Looking forward to the September quarter, we expect seasonal improvement in demand compared to our first quarter, resulting in higher revenues of $290 - $300 million and diluted earnings per share of $.85 - $.95."

A reconciliation of the non-GAAP financial measures referred to above to the most comparable GAAP financial measures are included in the attached tables and were also included in a Current Report on Form 8-K we filed today with the Securities and Exchange Commission. Such filing also includes the basis for management's use of these non-GAAP financial measures.

Consolidated Graphics will host a conference call today, Wednesday, August 6, 2008, at 11:00 a.m. Eastern Time, to discuss its first quarter fiscal 2009 results. The conference call will be simultaneously broadcast live over the Internet on our website (http://www.cgx.com/) and a subsequent archive of such call will also be available on our website.

Consolidated Graphics (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies. With 70 printing businesses strategically located across 27 states and in Canada, we offer an unmatched geographic footprint, unsurpassed capabilities, and unparalleled levels of convenience, efficiency and service. With locations in or near virtually every major U.S. market and in Canada, CGX provides service and responsiveness of a local printer enhanced by the economic, geographic and technological advantages of a large national organization.

Our vast and technologically advanced sheetfed and web printing capabilities are complemented by the largest integrated digital footprint of any commercial printer in the U.S. By coupling North America's most comprehensive printing capabilities with strategically located fulfillment centers and industry-leading technology, we deliver solutions that create a spectrum of value for our customers. CGX offers the unique ability to respond to all printing-related needs no matter how large, small, specialized or complex. For more information, visit our website at http://www.cgx.com/.

Forward-Looking Statements and Regulation G Reconciliation

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in which the Company discusses factors it believes may affect its performance or results in the future. Forward-looking statements are all statements other than historical facts, such as statements regarding assumptions, expectations, beliefs and projections about future events or conditions. You can generally identify forward-looking statements by the appearance in such a statement of words like "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "forecast," "project," "should" or "will" or other comparable words or the negative of such words. The accuracy of the Company's assumptions, expectations, beliefs and projections depend on events or conditions that change over time and are thus susceptible to change based on actual experience, new developments and known and unknown risks, including those created by general market conditions, competition and the possibility that events may occur beyond the Company's control, which may limit its ability to maintain or improve its operating results or financial condition or acquire additional printing businesses. The Company gives no assurance that the forward-looking statements will prove to be correct and does not undertake any duty to update them. The Company's actual future results might differ from the forward-looking statements made in this press release for a variety of reasons, which include, continuing weakness in the economy, the growth of its digital printing or election related business, its ability to adequately manage expenses, including labor costs, the continued availability of raw materials at affordable prices and retention of its key management and operating personnel, satisfactory labor relations, its ability to identify new acquisition opportunities, negotiate and finance such acquisitions on acceptable terms and successfully absorb and manage such acquisitions in a timely and efficient manner, as well as other risks described in the "Risk Factors" section of our Annual Report on Form 10- K for the fiscal year ended March 31, 2008, as filed with the Securities and Exchange Commission. You should pay particular attention to and review the important risk factors and cautionary statements described in the "Risk Factors" section, as well as the risk factors and cautionary statements described in the other documents the Company files or furnishes from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Should one or more of the foregoing risks or uncertainties materialize, or should the Company's underlying assumptions prove incorrect, the Company's actual results may vary materially from those anticipated in its forward-looking statements, and its business, financial condition and results of operations could be materially and adversely affected.

This press release also contains references to the non-GAAP financial measures of earnings, or net income, before interest, income taxes, depreciation and amortization, share-based compensation expense, non-cash foreign currency transaction gains and losses and net losses/gains from asset dispositions, or Adjusted EBITDA, and net cash by operating activities less capital expenditures plus proceeds from assets dispositions, or Free Cash Flow. Reconciliations of Adjusted EBITDA to net income and Free Cash Flow to net cash provided by operating activities are provided in the tables below. Management's opinion regarding the usefulness of Adjusted EBITDA and Free Cash Flow to investors and a description of the ways in which management used such measures can be found in the Current Report on Form 8-K we filed today with the Securities and Exchange Commission.

(Tables to follow) CONSOLIDATED GRAPHICS, INC. Condensed Consolidated Income Statements (In thousands, except per share amounts) Three Months Ended June 30, 2008 2007 Change $ % Sales $285,194 $258,646 $26,548 10 Cost of Sales 214,554 190,469 24,085 13 Gross Profit 70,640 68,177 2,463 4 Selling Expenses 28,404 26,434 1,970 7 General and Administrative Expenses(1) 22,277 19,312 2,965 15 Other (Income) Expense, net 5 (2,350) 2,355 nm Operating Income 19,954 24,781 (4,827) (19) Interest Expense, net 4,211 1,894 2,317 122 Income before Taxes 15,743 22,887 (7,144) (31) Income Taxes 6,127 9,330 (3,203) (34) Net Income $9,616 $13,557 $(3,941) (29) Earnings Per Share Basic $.87 $.99 $(.12) Diluted $.84 $.96 $(.12) Weighted Average Shares Outstanding Basic 11,111 13,716 Diluted 11,461 14,162 Effective Income Tax Rate 38.9% 40.8% (1) Share based compensation included in the line item $1,644 $1,233 $411 nm -- not meaningful CONSOLIDATED GRAPHICS, INC. Reconciliations of Non-GAAP Performance Measures (In thousands, except per share amounts) (unaudited) Three Months Ended June 30, 2008 2007 Net Income per GAAP $9,616 $13,557 Income taxes 6,127 9,330 Interest expense, net 4,211 1,894 Depreciation and amortization 15,795 12,337 Share-based compensation expense 1,644 1,233 Non-cash foreign currency transaction net (gain)/loss 5 (2,350) Net loss from asset dispositions 215 378 Adjusted EBITDA $37,613 $36,379 Net cash provided by operating activities $36,599 $33,234 Capital expenditures* (8,031) (9,339) Proceeds from asset dispositions 975 633 Free Cash Flow $29,543 $24,528 *Capital expenditures include all expenditures for property, plant and equipment, including those that are directly financed. Quarter Ended June 30, 2007 Income before taxes per GAAP $22,887 Foreign currency exchange gain 2,350 Income before taxes -- non-GAAP 20,537 Income taxes 8,924 Net Income non-GAAP 11,613 Diluted earnings per share per GAAP $.96 Diluted earnings per share non-GAAP $.82 Decrease in Diluted Earnings per Share $.14

Consolidated Graphics, Inc.

CONTACT: Jon C. Biro, Executive Vice President and Chief Financial
Officer of Consolidated Graphics, Inc., +1-713-787-0977; or Christine Mohrmann
or Alexandra Tramont, both of FD, +1-212-850-5600, for Consolidated Graphics,
Inc.

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

Caliper Life Sciences Reports Second Quarter 2008 Results- Revenue in Line with Company Estimates Highlighted by 11% Discovery Products and Services Growth -

HOPKINTON, Mass., Aug. 6 /PRNewswire-FirstCall/ -- Caliper Life Sciences, Inc. today reported second quarter financial results for 2008. Revenues were $34.0 million for the quarter, a decrease of 4% from the prior year quarter of $35.3 million. Revenues were impacted by a $3.5 million decline from 2007 in collaboration-related licensing and contract revenue, and contract delays in Caliper's Discovery Alliances and Services (CDAS) business which were partially offset by growth in discovery (automation and microfluidics) products and services, and overall imaging product line growth. Net loss for the quarter was $6.7 million ($0.14 per share), compared to a net loss of $6.3 million ($0.13 per share) in the same quarter of 2007.

Highlights:

-- Discovery products and services grew 11%, and low double-digit growth for these products and services is expected in the second half of the year.

-- Imaging product line revenue grew 5%, slowed in the quarter by a product mix shift resulting in a lower average selling price of IVIS instruments sold. Caliper anticipates particularly strong double-digit growth in this product line during the third quarter.

-- CDAS revenues declined 2% due to contract delays, however as project efforts accelerate beginning in the third quarter, results are expected to be strong for the second half of the year.

-- Cost reduction actions reduced operating expenses (R&D and SG&A) by $2.2 million, or 11%, from the prior year quarter, and by $1.7 million, or 9%, on a sequential quarter basis.

-- The new LabChip GX instrument series, the next generation of Caliper's widely-adopted LabChip 90, was launched after quarter end. The LabChip GX instruments are targeted at the expanding genomic and proteomic research applications market.

"Overall, we met our revenue expectations for the quarter and remain confident in the second half growth drivers. We believe our discovery product lines will continue their strong performance, and with a healthy pipeline in imaging, expect to see full year growth in our imaging business of over 15%. In addition, CDAS revenues should strengthen considerably in the second half as we are optimistic regarding the next phase of the EPA ToxCast project," said Kevin Hrusovsky, president and CEO of Caliper. "Our strategic transformation toward higher-growth, higher-profit product lines is progressing and should enable sustained top-line performance. Additionally, we plan to further focus our resources in the second half to improve gross margins and operating efficiencies."

Adjusted net loss per share on a non-GAAP basis, as explained below under the heading "Use of Non-GAAP Financial Measures," was ($0.07) compared to ($0.03) for second quarter of 2007.

2008 GAAP Guidance

Caliper reported that its revenue outlook for the third quarter of 2008 is $33 to $36 million, and its revenue outlook for the full year remains $142 to $148 million.

Use of Non-GAAP Financial Measures

Caliper supplements its GAAP financial reporting with certain non-GAAP financial measures. We use certain non-GAAP financial measures, including adjusted EPS, which exclude restructuring charges, including severance charges; amortization of acquired intangibles; asset impairment charges; and amortization of stock compensation. We believe the presentation of non-GAAP financial measures provides useful information to management and investors regarding various financial and business trends relating to our financial position and results of operations, and that when these non-GAAP measures are viewed in conjunction with GAAP financial measures, investors are provided with a more meaningful understanding of our ongoing operating performance. In addition, we use these non-GAAP measures to evaluate our performance, allocate resources, set incentive compensation targets, and for planning and forecasting future periods. Non-GAAP measures are not intended to substitute for GAAP financial measures. To the extent that this release contains non- GAAP financial measures, we have provided a reconciliation of such measure to the corresponding GAAP financial measure, and we have provided the corresponding GAAP financial measures for comparative purposes.

Caliper will discuss its second quarter results in a conference call to be held today, August 6 at 9:00 a.m. EDT. To participate in the call, please dial 888.713.4215 five to ten minutes prior to the call and use the participant passcode 30981927. International callers can access the call by dialing 617.213.4867 and entering the same passcode. You may also pre-register for the call at https://www.theconferencingservice.com/prereg/key.process?key=PALUYGE6Q.

A live webcast of the call can be accessed at http://www.fulldisclosure.com/ or on the Caliper website at http://www.caliperls.com/ in the Events section of the Investor Relations page. A webcast replay of the call will remain available until Caliper's earnings call for the third quarter of 2008.

Telephone replays of the conference call will be available approximately two hours after the completion of the call. To access a telephone playback of the proceedings from August 6 through August 13, dial 888-286-8010 and use the participant passcode of 48521551. International callers can access the playback by dialing 617-801-6888 and using the same participant passcode.

About Caliper Life Sciences

Caliper Life Sciences is a premier provider of cutting-edge technologies enabling researchers in the life sciences industry to create life-saving and enhancing medicines and diagnostic tests more quickly and efficiently. Caliper is aggressively innovating new technology to bridge the gap between in vitro assays and in vivo results and then translating those results into cures for human disease. Caliper's portfolio of offerings includes state-of-the-art microfluidics, lab automation & liquid handling, optical imaging technologies, and discovery & development outsourcing solutions. For more information please visit http://www.caliperls.com/.

The statements in this press release regarding future events, including statements regarding Caliper's expected revenue outlook for the third quarter ending September 30, 2008 and for fiscal year 2008, Caliper's expectations regarding the future growth rate performance of its discovery (automation and microfluidic) and IVIS imaging product lines, Caliper's belief that our CDAS business should strengthen in the second half of 2008, Caliper's belief we will be able to make up for certain contract delays over the remainder of 2008, and Caliper's plan to focus resources during the second half of 2008 to improve gross margins and operating efficiencies., are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements as a result of a number of factors, including that Caliper's expectations regarding demand for its products and services may not materialize if capital spending by Caliper's customers declines, if competitors introduce new competitive products, or if Caliper is unable to convince potential customers regarding the superior performance of its drug discovery and imaging systems and other products, and unanticipated difficulties may be encountered in Caliper's planned implementation of certain changes designed to enhance gross margins and improve efficiencies within Caliper. Further information on risks faced by Caliper are detailed under the caption "Risks Related To Our Business" in Caliper's Annual Report on Form 10- K for the year ended December 31, 2007. Our filings are available on a web site maintained by the Securities and Exchange Commission at http://www.sec.gov/. Caliper does not undertake any obligation to update forward-looking or other statements in this release or the conference call.

NOTE: LabChip, IVIS and Caliper are registered trademarks of Caliper Life Sciences, Inc.

CALIPER LIFE SCIENCES, INC. SELECTED FINANCIAL INFORMATION (unaudited) CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenue: Product revenue $22,024 $21,022 $39,689 $36,283 Service revenue 9,289 8,942 18,298 17,872 License fees and contract revenue 2,717 5,326 5,331 9,575 Total revenue 34,031 35,290 63,318 63,730 Costs and expenses: Cost of product revenue 13,232 12,555 24,337 22,522 Cost of service revenue 6,447 5,437 12,544 11,089 Cost of license revenue 282 825 566 1,268 Research and development 5,041 6,648 10,573 13,422 Selling, general and administrative 12,757 13,306 26,690 25,913 Amortization of intangible assets 2,490 2,533 4,979 5,070 Restructuring charges, net (27) (18) (20) 7 Total costs and expenses 40,222 41,286 79,669 79,291 Operating loss (6,191) (5,996) (16,351) (15,561) Interest (expense) income, net (203) (123) (358) (116) Other income (expense), net (87) (93) 319 (81) Provision for income taxes (201) (108) (228) (159) Net loss $(6,682) $(6,320) $(16,618) $(15,917) Net loss per share, basic and diluted $(0.14) $(0.13) $(0.35) $(0.34) Shares used in computing net loss per common share, basic and diluted 47,897 47,228 47,790 47,104 Reconciliation of GAAP to Non-GAAP Financial Measure Adjusted Earnings per Share (see explanation of adjustments below) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 GAAP EPS $(0.14) $(0.13) $(0.35) $(0.34) Adjustments: Share-based compensation expense (1) 987 1,381 1,997 2,734 Purchase accounting adjustments to revenue, net of costs (2) - 281 - 852 Acquisition related intangible amortization (3) 2,490 2,533 4,979 5,070 Restructuring and severance costs (4) 95 664 705 679 Total Adjustments $3,572 $4,859 $7,681 $9,335 Per share effect of adjustments 0.07 0.10 0.16 0.20 Adjusted earnings per share $(0.07) $(0.03) $(0.19) $(0.14)

We use the term "adjusted earnings per share" or "adjusted EPS" to refer to GAAP earnings per share excluding share-based compensation, purchase accounting revenue and cost of sales fair value adjustments due to business combination accounting rules, amortization of intangible assets, and restructuring and severance costs. Adjusted earnings per share is calculated by subtracting the total per share effect of these adjustments from GAAP EPS.

The adjustments are as follows:

1) We exclude share-based compensation from this measure because share- based compensation plans involve sensitive measures and assumptions in calculating the expense that could vary dramatically between us and our peers, which we believe makes comparisons of long-range trends difficult for management or investors, and could result in overstating or understating the costs of developing, producing, supporting and selling our products and the costs to support our internal operating structure.

2) We exclude purchase accounting revenue fair value adjustments (net of associated costs) from this measure due to business combination accounting rules that would otherwise result in such revenues (and associated costs) to be recognized on a continuing GAAP basis because management expects the contractual arrangements underlying these revenues will be renewed and that our investors will use this adjustment as a basis for measuring our ongoing performance, although there can be no assurance that such contractual arrangements will be renewed.

3) We exclude amortization of intangible assets from this measure because we believe intangible asset amortization charges do not represent what our management and our investors believe are the costs of developing, producing, supporting and selling our products and the costs to support our internal operating structure.

4) We exclude restructuring and severance costs from this measure because they tend to occur as a result of specific events such as acquisitions, divestitures, repositioning our business or other unusual events that could make comparisons of long-range trends difficult for management or investors and could distort performance measures involving our internal investments and the costs to support our operating structure.

CALIPER LIFE SCIENCES, INC. SELECTED FINANCIAL INFORMATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) June 30, December 31, 2008 2007 (unaudited) * Assets Current assets: Cash, cash equivalents and marketable securities $10,600 $18,955 Accounts receivable, net 26,865 30,248 Inventories 21,660 19,572 Other current assets 2,733 2,353 Total current assets 61,858 71,128 Property and equipment, net 11,042 11,477 Intangible assets, net 37,808 42,862 Goodwill 80,590 80,836 Other assets 1,054 1,626 Total assets $192,352 $207,929 Liabilities and stockholders' equity Current liabilities $56,026 $45,391 Loans payable and other long-term obligations 8,782 21,352 Stockholders' equity 127,544 141,186 Total liabilities and stockholders' equity $192,352 $207,929

*Note: Derived from audited financial statements for the year ended December 31, 2007.

Caliper Life Sciences, Inc.

CONTACT: Peter McAree, SVP and Chief Financial Officer, Caliper Life
Sciences, Inc., +1-508-497-2215, or Media, Stacey Holifield or Melissa Bruno,
both of Schwartz Communications for Caliper Life Sciences, +1-781-684-0770

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

Absolute Adds GPS Tracking to Industry-Leading Mobile IT Asset Management SuiteAbsolute's laptop management solution maps remote laptop location

VANCOUVER, Aug. 6 /PRNewswire-FirstCall/ -- Absolute(R) Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions announced today the availability of geolocation tracking for Computrace(R). The solution complements Absolute's IP tracking capabilities by allowing IT asset managers to track GPS-enabled laptops in the field to within 10 meters (33 feet) and view reports on their location using Google(TM) Maps technology.

"Thanks to companies like Qualcomm and their industry leading Gobi initiative, GPS tracking information is becoming more prevalent in computing devices. Adding geolocation tracking to Computrace bolsters the value we deliver to our customers in two major ways," said John Livingston, Chairman and CEO of Absolute. "Absolute's customers can now see where their assets are, find them more easily and assist in the earlier detection of missing computers. This capability is further enhanced by the visual nature of the reports that allow users to view computers plotted on a map. Secondly, when a computer goes missing GPS tracking information becomes a powerful forensic tool in the hands of our experienced Theft Recovery Team."

How It Works

Geolocation tracking complements Absolute's core Internet-based tracking and reporting capabilities. Using embedded GPS receivers from popular manufacturers, Computrace acquires latitude and longitude location information from remote computers for display in Absolute's Web-based IT asset management portal. With this information, Computrace can plot the current location of all supported GPS-enabled computers in a customer's account. Alternatively, the location history of an individual asset can be viewed.

Securing and Managing Mobile Computers

Computrace's geolocation tracking is the latest addition to the product suite of mobile computer security and management tools from Absolute. Using Absolute's SaaS-delivered products, IT asset managers and compliance personnel can:

- Track and manage computers on the LAN or in the field - Remotely delete sensitive information for regulatory compliance - Easily inventory all computers regardless of their location - Remotely inventory software licenses - Detect hardware changes or prohibited software installations

In addition, Absolute's investigative team can deploy forensic tools to compromised assets to physically recover lost or stolen computers and to conduct post-theft forensic investigations into computer use.

How Computrace Solutions Work

Computrace(R) software is embedded in the firmware of computers from the world's leading computer manufacturers right at the factory for extreme tamper-resistance.(1) The stealthy Computrace Agent is capable of surviving operating system re-installations, as well as hard-drive reformats, replacements and re-imaging. It can be activated by customers when they purchase a subscription with terms ranging from one to four years.

When a computer is stolen, the Absolute Theft Recovery Team uses information sent via Computrace to investigate computer thefts, document evidence and work with local law enforcement to physically recover missing computers and prosecute computer thieves. To augment their investigation, the team deploys a powerful set of theft recovery tools developed by Absolute, which include capabilities such as keystroke loggers, cameras, location tracking (Wi-Fi triangulation, GPS) and remote access terminals. These tools are only employed post-theft with express customer authorization and consent and are used exclusively by Absolute's trained professionals in order to protect privacy.

Geolocation tracking is available immediately with Computrace at no additional cost to Absolute customers.(2)

A complete list of supported GPS receivers can be found at http://www.absolute.com/geolocation. For more information about Absolute and its line of Computrace solutions visit http://www.absolute.com/.

(1) For a complete list of BIOS-supported computers visit http://www.absolute.com/BIOS. (2) Customer computers must be fitted with a supported GPS receiver. About Absolute Software

Absolute Software Corporation (TSX: ABT) is the leader in computer theft recovery, data protection and Secure Asset Tracking(TM) solutions. Absolute Software provides organizations and consumers with solutions in the areas of regulatory compliance, data protection and theft recovery. The Company's Computrace(R) software is embedded in the firmware of computers by global leaders, including Dell, Fujitsu, Gateway, MPC, General Dynamics Itronix, HP, Lenovo, Motion, Panasonic and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software and Computrace, visit http://www.absolute.com/.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance of our services and products, possible guarantee payment eligibility, and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.

(C)2008 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. Google is a trademark of Google Inc. Computrace U.S. patents # 5,715,174, # 5,764,892, # 5,802,280, # 5,896,497, # 6,244,758, # 6,269,392, # 6,300,863, and # 6,507,914. Canadian patents # 2,284,806 and # 2,205,370. U.K. patents # EP793823 and # GB2338101. German patent # 695 125 34.6-08. Australian patent # 699045. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.

/NOTE TO PHOTO EDITORS: A photo accompanying this release is available on the CNW Photo Network and archived at http://photos.newswire.ca/. Additional archived images are also available on the CNW Photo Archive website at http://photos.newswire.ca/. Images are free to accredited members of the media/

Absolute Software Corporation

CONTACT: Public Relations: Leslie Campisi, Affect Strategies,
leslie@affectstrategies.com, or (212) 398-9680 x144; Investor Relations: Dave
Mason, CFA, The Equicom Group, dmason@equicomgroup.com, or (416) 815-0700
x237

ClickSoftware Products Excel in the Preliminaries, Now Ready for Prime Time During 2008 Beijing Olympics

BURLINGTON, Massachusetts, August 6 /PRNewswire/ --

- Optimized Mobile Workforce Management System Schedules More Than 1,000 Technicians to Ensure Telecommunications Services run Smoothly

Over seven million people at the Beijing Olympics are depending on more than 1,000 field technicians managed by ClickSoftware Technologies Ltd. (NasdaqCM: CKSW) products for reliable fixed line voice, broadband, video transmission and Internet service during the 16-day event. ClickSoftware's ClickSchedule and ClickAnalyze mobile workforce management software is helping China Netcom Group Corporation (CNC) China, one of two official telecommunications providers of the 2008 summer games, ensure maximum uptime for critical telecommunications services for athletes, coaches, venue organizers, the media and millions of spectators.

ClickSchedule is automatically scheduling technicians based on myriad variables, including specialized skill sets, venue security passes, location and job urgency to ensure they complete the break/fix, installation and maintenance work to keep services running smoothly. Managers at the Beijing Olympics Telecommunications Control Center are using ClickAnalyze to review everything from response to repair times to best determine overall service efficiency and make changes where necessary. ClickSoftware reseller Xiangmin Technology deployed the software and manages its operation on-site at the control center.

"The pressure to deliver gold-medal service during a global event such as the Olympics is intense," said Zheng Yang, general manager of Xiangmin. "So we've had ClickSchedule and ClickAnalyze deployed and rigorously tested since the beginning of the year. The software has met or exceeded expectations, and we believe it will continue to do so throughout the Olympics."

During the past few months, event organizers and leading technology firms have conducted more than 200,000 hours of testing of the battery of IT systems, including ClickSchedule and ClickAnalyze, to ensure they will stand up to the massive demands during the games. Beyond the testing, ClickSchedule and ClickAnalyze have been used to schedule and optimize field technicians during dozens of live events, including international diving, handball and Taekwondo competitions, prior to the Olympics.

Following the event organizers' theme of a "Green Olympics," CNC China will be able to use the hardware and software running ClickSchedule and ClickAnalyze to optimize its field workforce after the games end.

"Ensuring minimal service issues during the Olympics is a colossal task," said Hannan Carmeli, chief operating officer at ClickSoftware. "We've established a reputation for delivering products that help organizations of any size address the most challenging service needs smoothly and efficiently. In fact, ClickSchedule is managing more than 25,000 technicians for the T-Home subsidiary of Deutsche Telecom for one of the largest single-company workforces in the world."

About Beijing Xiangmin Service Technology Development Co. Ltd.

Beijing Xiangmin Service Technology Development Co. Ltd. is a subsidiary of Beijing World Trade Corporation. BWTC is a state-owned enterprise with a rich history that can be traced back to China National Technical Import and Export Corporation Beijing Company, a company established with the approval of Ministry of Commerce of the People's Republic of China in 1984. Today, BWTC provides overseas companies with integrated business and technical services including business consulting services and investment advisory services, as well as in the arena of international procurement. With its experienced and professional team, BWTC has successfully assisted its overseas business partners in accessing the Chinese market. For more information about BWTC, please visit www.cbwtc.com. Xiangmin was established by BWTC to provide IT services and business consulting services, including system integration and application development in China by leveraging on BWTC's vast experience and excellent reputation in the telecommunication, banking and government industries in China. For more information, please visit http://www.xiangmin.com.cn.

About ClickSoftware

ClickSoftware is the leading provider of mobile workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting and capacity planning to real-time decision-making, incorporating scheduling, mobility and location based services, ClickSoftware helps service organizations get the most out of their resources. With over 100 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners - ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The company is headquartered in Burlington, MA and Israel, with offices in Europe, and Asia Pacific.

For more information about ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or visit http://www.clicksoftware.com.

This press release contains express or implied 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 forward-looking statements include, but are not limited to, those statements regarding future results of operations, visibility into future periods, growth and rates of growth, and expectations regarding future closing of contracts, receipt of orders, recognition of revenues and deferred revenues. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. Achievement of these results by ClickSoftware may be affected by many factors, including, but not limited to, risks and uncertainties regarding the general economic outlook, the length of or changes in ClickSoftware's sales cycle, ClickSoftware's ability to close sales to potential customers in a timely manner and maintain or strengthen relationships with strategic partners, the timing of revenue recognition, foreign currency exchange rate fluctuations, and ClickSoftware's ability to maintain or increase its sales pipeline. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in ClickSoftware's annual report on Form 20F for the year ended December 31, 2007 and in subsequent filings with the Securities and Exchange Commission. ClickSoftware is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contacts: Joanna Giannotti Simon Morris ClickSoftware, Inc. ClickSoftware Europe Limited +1-781-272-5903 x2235 +44-(0)-1628-607030 Joanna.Giannotti@clicksoftware.com Simon.Morris@clicksoftware.com

ClickSoftware Technologies Ltd

Contacts: Joanna Giannotti, ClickSoftware, Inc., +1-781-272-5903 x2235, Joanna.Giannotti@clicksoftware.com; Simon Morris, ClickSoftware Europe Limited, +44-(0)-1628-607030, Simon.Morris@clicksoftware.com

Power Company Energias do Brasil Relies on Global CrossingGlobal Crossing's MPLS IP-based network interconnects power facilities across Brazil

SAO PAULO, Brazil, Aug. 6 /PRNewswire-FirstCall/ -- Global Crossing , a leading global IP solutions provider, today announced that Energias do Brasil, a company from Grupo Energias de Portugal that concentrates on the generation, distribution and commercialization of electrical power, has been successfully utilizing Global Crossing Internet Protocol Virtual Private Network (IP VPN) service to interconnect six facilities scattered across the country as part of an agreement signed in August 2007.

Energias do Brasil operates in the states of Sao Paulo, Espirito Santo, Mato Grosso do Sul, Tocantins and Santa Catarina. With three power distribution companies -- Bandeirantes in Vale do Paraiba, state of Sao Paulo; Escelsa in the state of Espirito Santo; and Enersul, in the state of Mato Grosso do Sul -- Energias do Brasil distributes electrical power to more than 3.2 million customers in the country.

"We needed a solutions provider that was able to understand our needs and provide us with agility and economy necessary for our business," said Vitor Gardiman, engineering, automation and telecommunications chief at Energias do Brasil. "Global Crossing demonstrated high technical expertise during the network implementation. The company's agility and ability to meet our demands were very positive," he completed.

Through its IP VPN services, Global Crossing interconnects the power provider's sites handling information processing and power distribution management, enabling the convergence of voice, data and video services on a single platform.

"By using our IP-based network, Energias do Brasil enjoys high-speed, secure and reliable communications, enabling greater productivity and cost reductions," said Marcos Malfatti, Global Crossing senior vice president of sales in Brazil. "Our mission is to understand our customers' needs, helping them keep the focus on their core business, while we take care of their communications infrastructure -- and that's exactly what we've done for Energias do Brasil."

Global Crossing IP VPN Service connects an enterprise's worldwide locations into a single, protected corporate network with true global reach, scalable connectivity, greater security, multiple access options, a broad range of IP communication services, and guaranteed quality of service (QoS).

ABOUT ENERGIAS DO BRASIL

Energias do Brasil is a holding that consolidates electrical power assets in the areas of generation (Enernoba, Energest, EDP Lajeado e Enerpeixe), commercialization (Enertrade) and distribution (Bandeirante, Escelsa and Enersul). The company is controlled by EDP - Energias de Portugal, the world's fourth largest wind energy player.

In 2007, Energias do Brazil registered R$ 6.9 billion in gross operational income. Currently, the company distributes approximately 25,000 GWh of electrical power for about 3.2 million customers.

ABOUT GLOBAL CROSSING LATIN AMERICA

Global Crossing's Latin American business has operations in Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Peru, Mexico, Venezuela and the United States (Florida). In addition to its IP-based fiber-optic network, Global Crossing's regional infrastructure includes 15 metropolitan networks and 15 world-class data centers located in the main business centers of Latin America.

Global Crossing's reach and experience in Latin America allow it to address the particularities of the region and deliver the solutions each company needs. The company provides services to a variety of customers, including medium and large companies and corporations, institutions and government entities, and telecommunications operators.

ABOUT GLOBAL CROSSING

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

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

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

Statements in this press release about expected future events and financial results are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.

CONTACT GLOBAL CROSSING: Press Contacts Becky Yeamans + 1 973 937 0155 becky.yeamans@globalcrossing.com Fernanda Marques Latin America + 55 11 3957 2042 fernanda.marques@globalcrossing.com Analysts/Investors Contact Antonio Suarez + 1 800 836 0342 Antonio.Suarez@Globalcrossing.com GEN/PR1

Global Crossing

CONTACT: GLOBAL CROSSING: Press Contacts, Becky Yeamans, +1-973-937-0155,
becky.yeamans@globalcrossing.com; Fernanda Marques, Latin America,
+ 55-11-3957-2042, fernanda.marques@globalcrossing.com, or Analysts-Investors,
Antonio Suarez, +1-800-836-0342, Antonio.Suarez@Globalcrossing.com

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

LoJack Corp. Reports Second Quarter Results; Updates 2008 Guidance

WESTWOOD, Mass., Aug. 6 /PRNewswire-FirstCall/ -- LoJack Corporation reported today that revenue for the second quarter ended June 30, 2008 declined to $51.4 million from $58.2 million in the prior year. For the six months ended June 30, 2008 revenue declined to $97.6 million from $112.3 million in the prior year.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080512/NEM054LOGO )

Net income for the second quarter declined to $1.0 million, or $0.06 per fully diluted share, from $6.7 million, or $0.35 per fully diluted share, for the same quarter a year ago. For the six months ended June 30, 2008, net income declined to $2.0 million, or $0.11 per fully diluted share, from $12.8 million, or $0.67 per fully diluted share in 2007.

In announcing the results, Richard T. Riley, Chairman and Chief Executive Officer, said, "International volume and revenue grew 7% during the quarter, while our domestic business was again impacted by the further deterioration in the broader domestic auto market in the second quarter. Based on the disappointing results in the broader market during the quarter, industry estimates for new vehicle sales for the year have been adjusted down to approximately 14 million new vehicles from the 15 million expected at the end of the first quarter and almost 16 million vehicles forecast at the start of the year. In this increasingly difficult economic market, we remain focused on managing our business to mitigate these current challenges, while we continue to position LoJack for long term growth."

Gross margin dollars for the second quarter declined to $27.3 million from $33.7 million in the prior year, while gross margin as a percentage of revenue was 53% for the quarter, compared to 58% in 2007. For the six months ended June 30, 2008 gross margin dollars declined to $51.1 million from $63.4 million in the prior year, while gross margin as a percentage of revenue was 52% for the six months ended June 30, 2008, compared to 56% in 2007.

Mr. Riley said, "While both gross margin percentage and dollars increased sequentially from the first quarter of this year, our overall gross margin dollars declined 19% in the second quarter, compared to a record second quarter in 2007. This decline was primarily related to the decline in domestic auto unit volume and $0.5 million impact of the accounting for Absolute Software warrants in the quarter."

Domestic revenue in the second quarter declined to $32.6 million from $40.5 million in the prior year on a 16% decline in unit volume. Domestic gross margin dollars declined to $17.8 million from $24.1 million in 2007 and gross margin as a percentage of revenue was 55% compared to 60% in the prior year.

Mr. Riley said, "Increasingly lower domestic consumer confidence due to record gas prices, high consumer debt, falling home values and tighter credit, continues in large part to have a significant negative impact on the sale of new vehicles and related aftermarket products like LoJack's. The challenges we face are not specific to LoJack, but rather widespread in the domestic auto industry. We are tightly managing our operating expenses to align more closely with changing auto market expectations."

International revenue in the second quarter increased to $13.3 million from $12.4 million in the prior year, on a 7% increase in unit volume. International gross margin dollars increased to $7.1 million from $6.9 million in the second quarter of 2007 and gross margin as a percentage of revenue was 53%, compared to 56% in the prior year.

Mr. Riley said, "Our international unit volume increase in the second quarter was in line with our expectations. Our performance was largely driven by the success of several licensees in Latin America and Africa. We expect that international unit volume will reflect a double-digit increase in the second half of the year, which should partially offset the impact of the decline in our domestic business."

Revenue for the second quarter at Boomerang Tracking was $5.2 million, in line with the results in 2007, primarily as a result of currency exchange rates. Gross margin as a percentage of revenue was 43% for the quarter compared to 50% in the prior year due to the ongoing costs of the transition from analog to digital technology.

Mr. Riley said, "During the second quarter, the Canadian auto market experienced a shift in mix away from Boomerang's primary historical sales base to smaller, more fuel efficient cars. In this very difficult marketplace, Boomerang continues to focus on the government mandated transition from analog to digital technology, while managing the challenges of customer retention in a new market dynamic.

"The challenges in the domestic auto market reinforce the need to continue our efforts to diversify LoJack's business. In July of this year, we invested an additional $1.8 million in the growing cargo market with SC-Integrity and in the process increased our ownership position to approximately 60%. Along with the two other primary investors, we have been encouraged by the continued progress in developing this market. The new cargo business is now generating recurring revenue from several well known customers. The additional investment was led by the original group of investors. The new price per share in this investment round was lower than that paid in connection with our initial investment. As such, accounting convention required that we recognize a non- cash, after tax charge of approximately $0.8 million or $0.04 per diluted share on our initial investment. In our view, the deal price is a reflection more of the difficulty a small startup with little working capital has seeking investment in the current capital markets than of the potential of the business. As both strategic investors and majority shareholders, we believe SC-Integrity is much more valuable to LoJack than the value associated with the recent investment. We continue to believe the cargo security market has significant potential.

"Additionally, in April we acquired certain assets of Locator Systems, which designs, manufactures, markets and sells products to help police locate and rescue missing persons with Alzheimer's, Autism and other similar disabilities. We expect this acquisition will enable us to leverage our technological expertise and relationships with law enforcement to provide a comprehensive solution to the growing problem of people at risk. Today, in America there are more than five million people with Alzheimer's disease and almost two million people with Autism or Down syndrome.

"We now expect revenue to be between $203 million and $208 million for the year, net income to be between $11 million and $12 million, earnings per fully diluted share to be between $0.62 and $0.67, and gross margin as a percentage of revenue to be approximately 54% for the year, computed in accordance with generally accepted accounting principles ("GAAP"). Our estimate for earnings per fully diluted share includes the non-cash charge of $0.04 per fully diluted share related to our investment in SC-Integrity.

"It is important to note that our outlook for the second half of the year is stronger than our financial performance in the first half, based on anticipated double-digit growth in our international business in the second half, slightly smaller declines in our domestic unit sales and proactive management of our operating spending during the second half of the year. The results also reflect our continued investments in our strategic programs to diversify our business and provide long term growth."

In February of 2008, the LoJack Board of Directors authorized the repurchase of 1,000,000 shares under 10b5-1 trading plans. The Board also authorized additional stock repurchases up to 2,000,000, for a total repurchase authority of 3,000,000 shares. During the second quarter of 2008, the company repurchased approximately 833,697 shares at an average price of approximately $9.63 per share. During the six months ended June 30, 2008, the company repurchased approximately 1,318,222 shares at an average price of approximately $10.83 per share. As of June 30, 2008, the company had no outstanding repurchase authorities under 10b5-1 trading plans and 1,681,778 available for other repurchases.

About LoJack

LoJack Corporation, the company that invented the stolen vehicle recovery market, leverages its superior technology, direct connection with law enforcement and proven processes to be the global leader in tracking and recovering valuable mobile assets. The company's Stolen Vehicle Recovery System delivers a 90 percent success rate in tracking and recovering stolen cars and trucks and has helped recover more than $4 billion worldwide in stolen LoJack-equipped assets. The system is uniquely integrated into law enforcement agencies in the United States that use LoJack's in-vehicle tracking equipment to recover stolen assets, including cars, trucks, commercial vehicles, construction equipment and motorcycles. Today, LoJack operates in 26 states and the District of Columbia, and in more than 30 countries throughout Europe, Africa, North America, South America and Asia.

To access the webcast of the company's conference call to be held at 9:00 AM ET, Wednesday, August 6, 2008, log onto http://www.lojack.com/ (click "About Us," "Investor Relations," and then click "Earnings Conference Call Webcast"). An archive of the webcast will be available through http://www.lojack.com/ until superseded by the next quarter's earnings release and related webcast.

From time to time, information provided by the company or statements made by its employees may contain "forward-looking" information, which involve risks and uncertainties. Any statements in this news release that are not statements of historical fact are forward-looking statements (including, but not limited to, statements concerning the characteristics and growth of the company's market and customers, the company's objectives and plans for future operations and products and the company's expected liquidity and capital resources). Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties, and accordingly, actual results could differ materially. Factors that may cause such differences include, but are not limited to: the continued and future acceptance of the company's products and services; the effectiveness of the company's marketing initiatives; the rate of growth in the industries of the company's customers; the presence of competitors with greater technical, marketing, and financial resources; the company's ability to promptly and effectively respond to technological change to meet evolving customer needs; the extent of the company's use of third party installers and distributors; capacity and supply constraints or difficulties; the company's ability to successfully expand its operations; and changes in general economic or geopolitical conditions. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning the company, reference is made to the company's Annual Report on Form 10-K for the year ended December 31, 2007.

The company undertakes no obligation to release publicly the result of any revision to the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact: Michael Umana Chief Financial Officer (781) 251-4712 John Swanson Swanson Communications, Inc. (217) 285-4969 LoJack Corporation and Subsidiaries Condensed Income Statement Data (in millions, except share and per share amounts) Three Months Ended June 30, 2008 2007 (unaudited) Revenues $51.4 $58.2 Cost of goods sold 24.1 24.5 Gross margin 27.3 33.7 Costs and expenses: Product development 1.8 1.5 Sales & marketing 13.3 12.6 General and administrative 8.0 7.8 Depreciation and amortization 2.0 1.9 Total 25.1 23.8 Operating income 2.2 9.9 Other income (expense): Interest income 0.5 0.6 Interest expense (0.4) (0.3) Equity loss in affiliate (1.1) (0.2) Other 0.1 0.3 Total (0.9) 0.4 Income before provision for income taxes 1.3 10.3 Provision for income taxes 0.3 3.6 Net income $1.0 $6.7 Diluted earnings per share $0.06 $0.35 Weighted average diluted common shares outstanding 17,669,391 19,048,991 LoJack Corporation and Subsidiaries Condensed Income Statement Data (in millions, except share and per share amounts) Six Months Ended June 30, 2008 2007 (unaudited) Revenues $97.6 $112.3 Cost of goods sold 46.5 48.9 Gross margin 51.1 63.4 Costs and expenses: Product development 3.6 2.9 Sales & marketing 24.3 22.9 General and administrative 16.2 15.4 Depreciation and amortization 3.8 3.6 Total 47.9 44.8 Operating income 3.2 18.6 Other income (expense): Interest income 1.1 1.0 Interest expense (0.7) (0.5) Equity loss in affiliate (1.2) (0.3) Other 0.3 0.6 Total (0.5) 0.8 Income before provision for income taxes 2.7 19.4 Provision for income taxes 0.7 6.6 Net income $2.0 $12.8 Diluted earnings per share $0.11 $0.67 Weighted average diluted common shares outstanding 18,028,369 19,105,324 LoJack Corporation Condensed Balance Sheets (in millions, except share and per share amounts) June 30, December 31, 2008 2007 (unaudited) (audited) Assets Current Assets: Cash and equivalents $58.6 $56.6 Short-term investments -- 14.7 Accounts receivable, net 43.2 40.0 Inventories 16.1 14.8 Prepaid expenses and other 3.6 3.5 Prepaid income taxes 0.1 0.1 Deferred income taxes 6.0 5.5 Total current assets 127.6 135.2 Property and equipment, net 22.1 23.4 Deferred income taxes 8.5 8.5 Intangible assets, net 2.9 3.1 Goodwill 53.9 55.0 Other assets 24.6 20.6 Total $239.6 $245.8 Liabilities and stockholders' equity Current liabilities: Current portion of long-term debt $3.1 $- Accounts payable 10.7 7.6 Accrued and other liabilities 6.2 7.3 Current portion of deferred revenue 24.9 25.3 Accrued compensation 5.5 7.3 Total current liabilities 50.4 47.5 Long term debt 25.7 26.5 Deferred revenue 41.2 37.6 Deferred income taxes 1.0 1.1 Other accrued liabilities 2.1 2.1 Accrued compensation 2.4 2.7 Total liabilities 122.8 117.5 Commitments & Contingent Liabilities -- -- Minority interest -- -- Stockholders' equity: Common stock 0.2 0.2 Additional paid in capital 13.0 25.7 Accumulated & other comp. inc. 8.4 9.2 Retained earnings 95.2 93.2 Total stockholders' equity 116.8 128.3 Total $239.6 $245.8

NOTE: The full text of this news release can be accessed for 30 days at http://www.prnewswire.com/. This news release as well as current financial statements may also be accessed on the Internet at http://www.lojack.com/. Each quarter's release is archived on the LoJack website under "Investor Relations" during the fiscal year (click "About Us", click "Investor Relations", click "Quarterly Financial Releases"). The company's Annual Report, Form 10-Q and Form 10-K filings are also available on its website. Copies of the company's financial information, including news releases, may also be obtained by contacting Swanson Communications, Inc. at (516) 671-8582.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080512/NEM054LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com LoJack Corporation

CONTACT: Michael Umana, Chief Financial Officer of LoJack Corporation,
+1-781-251-4712; John Swanson of Swanson Communications, Inc., for LoJack
Corporation, +1-217-285-4969

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

The Quantum Group Announces Results of Annual Shareholder Meeting

WELLINGTON, Fla., Aug. 6 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. ( http://www.quantummd.com/ ) has announced the results of the Annual Shareholder Meeting held on Friday, August 1, 2008. At the meeting, shareholders of the Company re-elected Noel J. Guillama, Donald B. Cohen, Susan Darby Guillama, Jose de la Torre, Alberto G. Del Valle, Lawrence B. Fisher and Gregg M. Steinberg to the Board of Directors of the Company to serve until the next Annual Shareholder Meeting or until their successor is duly elected and qualified. In addition, the shareholders ratified Daszkal Bolton LLP's appointment as independent auditors for the fiscal year ending October 31, 2008. Finally, the shareholders also approved the 2007 Equity Incentive Plan.

Noel J. Guillama, President & CEO of The Quantum Group commented, "We are very pleased that all proposals presented before the shareholders were approved and by the opportunity to present our recently deployed PWeR(TM) system following the conclusion of the Annual Meeting."

About The Quantum Group, Inc.

The Quantum Group provides business process solutions, service chain management, strategic consulting and leading edge technology innovations to the healthcare industry.

Through our dynamic patient-centric architecture, we empower the communication that is critical for the coordination of care and take aim at the $600 billion inefficiency gap in the United States healthcare industry. We are guided by a mission to develop efficiencies, improve the quality of patient care and achieve cost reductions for the nation's largest and fastest growing industry.

We have developed leading-edge technology with the creation and deployment of a series of innovative patent-pending initiatives. Through approximately 2,000 healthcare providers and multiple insurance company relationships under management, we are positioned to be a catalyst for change to the Florida healthcare industry.

Certain statements contained in this news release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective company's Securities and Exchange Commission 10-KSB, 10-QSB, S-8 and 8-K filings (and amendments thereto) that may cause actual results to materially differ from projections. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "may," "anticipates," "believes," "should," "intends," "estimates" and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by these forward-looking statements. Such risk factors include, without limitation, the ability of the Company to properly execute its business model, to raise substantial and immediate additional capital to implement its business model, to attract and retain executive, management and operational personnel, to execute additional contracts with payers, to expand the CHS network, to negotiate favorable current debt and future capital raises, to negotiate favorable agreements with a diversified provider base and to continue to supply the services needed by its HMO clients as well as physician clients. The Company does not undertake any obligation to publicly update any forward-looking statements. There can be no assurance that the provisional patents discussed in this press release will be granted by the US Patent and Trademark Office, or, if they are granted, they will not be challenged by third parties, or if not that we will be able to effectively use or commercialize such patents and/or we may not have the resources to deploy such technology. As a result, investors should not place undue reliance on these forward-looking statements.

FOR MORE INFORMATION, PLEASE CONTACT: PR Financial Marketing Jim Blackman: 713-256-0369 jim@prfmonline.com Or Danielle Amodio Vice President Corporate Communications The Quantum Group, Inc. 561.798.9800

The Quantum Group, Inc.

CONTACT: Jim Blackman, PR Financial Marketing, +1-713-256-0369,
jim@prfmonline.com; or Danielle Amodio, Vice President Corporate
Communications, The Quantum Group, Inc., +1-561-798-9800

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

Orbitz Worldwide, Inc. Announces Conference Call to be Held on August 6 to Discuss Second Quarter Results and RestatementCompany Announces Correction of Certain Financial Information

CHICAGO, Aug. 6, 2008 /PRNewswire-FirstCall/ -- Orbitz Worldwide, Inc. announced that it will restate its previously issued financial statements to correct the classification of certain intercompany transactions with Travelport Limited ("Travelport") and credit card receipts at its foreign operations.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM125LOGO)

This restatement affects only the company's historical consolidated statements of cash flows and the Cash and Cash Equivalents and Accounts Receivable line items on the company's consolidated balance sheets. It does not affect the company's consolidated statements of operations.

The company will reclassify certain intercompany transactions with Travelport in its consolidated statements of cash flows. The company determined that certain non-cash intercompany payables related to interest accrued on loans between the company and Travelport were overstated in Operating Activities and correspondingly understated in Financing Activities in its consolidated statements of cash flows for the interim periods ended June 30, 2007, and September 30, 2007, and for the year ended December 31, 2007.

The company will also reclassify certain credit card receipts in its consolidated balance sheet as of December 31, 2006, and consolidated statements of cash flows for the years ended December 31, 2007, 2006 and 2005, and the interim periods ended June 30, 2007, and September 30, 2007.

This restatement is a result of the company's determination that the classification of credit card receipts in-transit at the company's international operations was not consistent with the classification of credit card receipts in-transit at its domestic operations. These receipts, which generally are collected within two to three days, were classified as Cash and Cash Equivalents by the foreign operations and as Accounts Receivable by the domestic operations. In order to be consistent, the company has reclassified credit card receipts in-transit from Cash and Cash Equivalents to Accounts Receivable at its international locations.

The net impact of both of these reclassifications for the years ended December 31, 2007, 2006 and 2005, is summarized in the table below.

Successor Year Ended December 31, 2007 Credit Card Receipts Previously in- Intercompany As Reported transit Transactions Restated (in millions) Net cash provided by operating activities $96 $10 $(37) $69 Net cash (used in) investing activities (80) - - (80) Net cash (used in) provided by financing activities (24) - 37 13 Effect of exchange rate changes on cash and cash equivalents 5 - - 5 Net (decrease) increase in cash and cash equivalents (3) 10 - 7 Cash and cash equivalents, beginning of period 28 (10) - 18 Cash and cash equivalents, end of period $25 $- $- $25 Predecessor Period from January 1, 2006 through August 22, 2006 Credit Card Previously Receipts As Reported in-transit Restated (in millions) Net cash provided by operating activities $126 $(5) $121 Net cash (used in) investing activities (54) - (54) Net cash (used in) financing activities (70) - (70) Effect of exchange rate changes on cash and cash equivalents 1 - 1 Net increase (decrease) in cash and cash equivalents 3 (5) (2) Cash and cash equivalents, beginning of period 33 (5) 28 Cash and cash equivalents, end of period $36 $(10) $26 Successor Period from August 23, 2006 through December 31, 2006 Credit Card Previously Receipts As Reported in-transit Restated (in millions) Net cash provided by operating activities $39 $- $39 Net cash (used in) investing activities (29) - (29) Net cash (used in) financing activities (7) - (7) Effect of exchange rate changes on cash and cash equivalents (11) - (11) Net (decrease) in cash and cash equivalents (8) - (8) Cash and cash equivalents, beginning of period 36 (10) 26 Cash and cash equivalents, end of period $28 $(10) $18 Predecessor Year Ended December 31, 2005 Credit Card Previously Receipts As Reported in-transit Restated (in millions) Net cash provided by operating activities $59 $- $59 Net cash (used in) investing activities (474) (5) (a) (479) Net cash provided by financing activities 433 - 433 Effect of exchange rate changes on cash and cash equivalents (9) - (9) Net increase in cash and cash equivalents 9 (5) 4 Cash and cash equivalents, beginning of period 24 - 24 Cash and cash equivalents, end of period $33 $(5) $28 (a) Due to the Company's acquisition of ebookers in February 2005, the reclassification impacted net cash used in investing activities for the fiscal year ended December 31, 2005. Conference Call

The Company will host a conference call to discuss its second quarter 2008 financial results, as well as this press release and the Form 8-K related to the restatement of its financial statements, today (August 6) at noon EDT (11:00 a.m. CDT). A live webcast of the call can be accessed through the

Orbitz Worldwide Investor Relations website at http://orbitz-ir.com/. The company will issue a press release reporting its results prior to the call.

An archive of the webcast can be accessed through the Orbitz Worldwide Investor Relations website for a period of at least 30 days after the conference call, and an MP3 file of the call will be available to download from the site. A transcript of the call will be posted under Webcasts & Presentations on the site.

About Orbitz Worldwide

Orbitz Worldwide (corp.orbitz.com) is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products offered by over 75,000 suppliers worldwide. Orbitz Worldwide owns and operates a portfolio of consumer brands. In the U.S., those brands include Orbitz (http://www.orbitz.com/) and CheapTickets (http://www.cheaptickets.com/), a leading online site for discounted leisure travel products. Orbitz Worldwide's international brands include ebookers (http://www.ebookers.com/), a leading full-service online travel company in Europe, serving customers through 13 country-specific websites; HotelClub (http://www.hotelclub.com/), a global accommodation specialist website offering hotels in approximately 120 countries; and RatesToGo (http://www.ratestogo.com/), which offers last-minute hotel reservations worldwide. The Away Network (http://www.away.com/) specializes in providing travel content for travelers seeking unique experiences and activities. Orbitz for Business (http://www.orbitzforbusiness.com/) is a full-service managed business travel program offering a portfolio of business travel products for small to large companies. Orbitz Worldwide is listed on the New York Stock Exchange .

Photo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM125LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Orbitz Worldwide, Inc.

CONTACT: investors, Shannon Burns, +1-312-260-2550,
shannon.burns@orbitz.com, or media, Brian Hoyt, +1-312-894-6890,
bhoyt@orbitz.com, both of Orbitz Worldwide, Inc.

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

XATA Reports Third Quarter Results84 percent increase in XATANET sales leads to 57 percent earnings improvement

MINNEAPOLIS, Aug. 6 /PRNewswire-FirstCall/ -- XATA Corporation , today reported a 103 percent increase in sales for the third quarter ended June 30, 2008 as sales increased to $16.2 million from $8.0 million for the same period in fiscal 2007. Comparable third quarter year-over-year sales increased 36 percent primarily driven by an 84 percent growth from the company's XATANET(TM) SaaS platform. For the third quarter, Geologic Solutions MobileMax(TM) sales represented approximately $5.3 million of the total revenue. The company acquired 15 new customers in the third quarter.

For the third quarter recurring revenue, including monthly subscriptions from XATANET and monthly fees from our MobileMax and OpCenter product lines, accounted for 45 percent of total sales compared to 35 percent for the same period in fiscal 2007.

Operationally, gross margins totaled 47 percent of sales for the third quarter of fiscal 2008, compared to 46 percent of sales for the same period of fiscal 2007. Higher recurring gross margin improvement was primarily offset by the increased number of lower gross margin systems sales during the reported period.

Selling, general and administrative costs were $6.2 million and $3.6 million for the third quarter of fiscal 2008 and 2007, respectively. The increase of $2.6 million reflects the selling, general and administrative costs of the consolidated operations, including amortization expense of $0.4 million relating to acquired intangible assets.

For the third quarter of fiscal 2008, the company improved EBITDA (earnings before interest (net), taxes, depreciation, amortization, stock based compensation and preferred stock dividends and deemed dividends) performance by $0.15 per diluted share, reporting EBITDA of $0.12 per diluted share as the company continues to stride to profitability compared to an EBITDA loss of $0.03 per diluted share for the same period of fiscal 2007.

"We are pleased with our third quarter financial performance as we continue to make progress toward profitability," said Jay Coughlan, chairman and president of XATA Corporation. "XATA continues to make excellent strides in the private and for-hire segments of the trucking industry as demonstrated by the addition of 15 new XATANET customers in the third quarter."

Nine Month Performance

XATA reported a 50 percent increase in sales for the nine months ended June 30, 2008 as sales increased to $36.0 million from $23.9 million for the same period in fiscal 2007. Comparable nine months year-over-year sales increased 15 percent primarily driven by a 32 percent growth from the company's XATANET(TM) SaaS platform. Geologic Solutions MobileMax(TM) sales represented approximately $8.5 million of the total revenue for the nine months ended June 30, 2008. The company acquired 53 new XATANET customers during the nine months ended June 30, 2008.

For the nine months ending June 30, 2008 recurring revenue, including monthly subscriptions from XATANET and monthly fees from our MobileMax and OpCenter product lines, accounted for 45 percent of total sales compared to 33 percent for the same period in fiscal 2007.

"The acquisition of GeoLogic is now fully integrated into XATA and we are confident in our decision to enter the for-hire market as evidenced by the performance of the combined organizations," continued Coughlan. "Our third quarter was strong, delivering significant year-over-year growth in revenues based on a dramatic increase in shipments of XATANET systems, positive margin improvement and significant strides in our EBITDA performance. As we enter the final quarter of fiscal 2008 we continue to make positive progress towards our goal of delivering positive shareholder return through profitability."

Gross margins improved during the nine month period of fiscal 2008 to 48 percent of sales compared to 45 percent of sales for the same period in fiscal 2007 due to an increase in higher gross margin XATANET subscription revenue and the fact that a larger portion of the total revenue stream now consists of higher recurring revenue gross margins.

Selling, general and administrative costs were $15.7 million and $10.1 million for the nine months ended June 30, 2008 and 2007, respectively. The increase is driven by additional costs of the combined entity, investments in our brand strategy, professional services business and direct sales model and amortization expense of $0.7 million relating to acquired intangible assets.

The company reported EBITDA improvement of $0.13 per diluted share for the nine months ended June 30, 2008, reporting EBITDA of $0.07 per diluted share compared to an EBITDA loss of $0.06 per diluted share for the same period of fiscal 2007.

Non-GAAP vs. GAAP Financials

To supplement the company's consolidated financial statements presented in accordance with GAAP, the company provides certain non-GAAP measures of financial performance. These non-GAAP measures include EBITDA, which is earnings before interest (net), taxes, depreciation, amortization, stock based compensation and preferred stock dividends and deemed dividends, and EBITDA per diluted share. The company's reference to these non-GAAP measures should be considered in addition to results prepared under current accounting standards, but are not a substitute for, or superior to, GAAP results.

These non-GAAP measures are provided to enhance investors' overall understanding of the company's current financial performance and ability to generate cash flow. In many cases non -GAAP financial measures are used by analysts and investors to evaluate the company's performance. Reconciliation to the nearest GAAP measure of all non-GAAP measures included in this press release can be found in a financial table included below in this press release.

About XATA

Based in Minneapolis, MN, XATA Corporation is an expert in optimizing fleet operations by reducing costs and ensuring regulatory compliance for the trucking industry. Our customers have access to vehicle data anywhere, anytime, through XATANET, our fee-based subscription service. Our software and professional services help companies manage fleet operations, enhance driver safety and deliver a higher level of customer satisfaction. XATA provides expert services to develop the business processes required to deliver the profitability, safety and service level demanded by today's competitive transportation environments. Today, XATA systems increase the productivity of approximately 61,000 trucks across North America. For more information, visit http://www.xata.com/ or call 1-800-745-9282.

Cautionary note regarding forward-looking statements.

This announcement includes forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Such statements are based on current expectations, and actual results may differ materially. The forward-looking statements in this announcement are subject to a number of risks and uncertainties including, but not limited to, the possibility of continuing operating losses, the ability to adapt to rapid technological change, cost and difficulties we may face in integrating the businesses of XATA and GeoLogic Solutions, dependence on positioning systems and communication networks owned and controlled by others, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products, the ability to fund future research and development activities, the ability to establish and maintain strategic partner relationships, and the other factors discussed under "Risk Factors" in Part IA, Item 1 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2007 (as updated in our subsequent reports filed with the SEC). These reports are available under the "Investors" section of our Web site at http://www.xata.com/ and through the SEC Web site at http://www.sec.gov/. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.

XATA CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except per share amounts) (Unaudited) Three Months Ended Nine Months Ended June 30, June 30, 2008 2007 2008 2007 Sales $16,167 $7,984 $35,983 $23,920 Cost of sales 8,542 4,282 18,609 13,133 Selling, general and administrative 6,218 3,620 15,693 10,115 Research and development 1,599 1,061 4,078 3,258 Total costs and expenses 16,359 8,963 38,380 26,506 Operating loss (192) (979) (2,397) (2,586) Interest income 86 109 327 298 Interest expense (531) (5) (918) (18) Loss before income taxes (637) (875) (2,988) (2,306) Income tax expense - - - - Net loss (637) (875) (2,988) (2,306) Preferred stock dividends and deemed dividends (75) (768) (212) (955) Net loss to common shareholders $(712) $(1,643) $(3,200) $(3,261) Net loss per common share -- basic and diluted $(0.08) $(0.21) $(0.39) $(0.41) Weighted average common and common share equivalents basic and diluted 8,411 7,959 8,293 7,908 XATA CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands) June 30, 2008 September 30, (Unaudited) 2007 Current assets Cash and cash equivalents $8,284 $13,675 Accounts receivable, net 10,042 3,280 Inventories 3,305 2,672 Deferred product costs 1,260 752 Current portion of investment in sales-type leases 873 - Prepaid expenses 1,250 393 Total current assets 25,014 20,772 Equipment and leasehold improvements, net 3,930 1,583 Goodwill and intangible assets 14,646 - Deferred product costs, net of current portion 2,335 1,798 Other non-current assets 1,394 - Total assets $47,319 $24,153 Current liabilities Current portion of long-term obligations $2,111 $161 Accounts payable 5,165 3,419 Accrued liabilities 5,219 3,548 Deferred revenue 4,343 3,105 Total current liabilities 16,838 10,233 Note and capital lease obligations, non-current 16,365 220 Deferred rent 825 98 Deferred revenue, non-current 7,028 6,524 Total liabilities 41,056 17,075 Shareholders' equity Common stock 27,970 25,845 Preferred stock 15,963 15,703 Accumulated deficit (37,670) (34,470) Total shareholders' equity 6,263 7,078 Total liabilities and shareholders' equity $47,319 $24,153 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Amounts in thousands, except per share amounts) (Unaudited) Three Months Nine Months Ended Ended June 30, June 30, 2008 2007 2008 2007 Net loss to common shareholders $(712) $(1,643) $(3,200) $(3,261) Adjustments: Net interest expense 445 (104) 591 (280) Stock-based compensation 355 570 1,238 1,496 Depreciation and amortization expense 819 162 1,701 654 Preferred stock dividends and deemed dividends 75 768 212 955 Total adjustments 1,694 1,396 3,742 2,825 Non-GAAP EBITDA $982 $(247) $542 $(436) Non-GAAP EBITDA per diluted share $0.12 $(0.03) $0.07 $(0.06) Shares used in calculating non-GAAP EBITDA per diluted share 8,411 7,959 8,293 7,908

XATA Corporation

CONTACT: Mark Ties, CFO of XATA Corporation, +1-952-707-5600,
mark.ties@xata.com

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

MarketAxess Announces Monthly Volume Statistics for July 2008

NEW YORK, Aug. 6 /PRNewswire-FirstCall/ -- MarketAxess Holdings Inc. , the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, today announced total monthly trading volume for July 2008 of $21.0 billion, consisting of $11.8 billion in U.S. high-grade volume, $3.9 billion in European high-grade volume, and $5.3 billion in other volume.

U.S. high-grade multi-dealer trading volume is now being broken-out between "fixed-rate" and "floating-rate" trading volume categories. This data can be accessed on MarketAxess' website at http://www.marketaxess.com/.

Monthly volume updates are posted in the Investor Relations section of the website on or before the tenth business day of each month. The data provide current month and historical volume totals on a monthly, quarterly and annual basis.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including statements about the outlook and prospects for Company and industry growth, as well as statements about the Company's future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess' current expectations. Actual results in future periods may differ materially from the those currently expected or desired because of a number of risks and uncertainties, including: our dependence on our broker-dealer clients; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; our limited operating history; the level of trading volume transacted on the MarketAxess platform; the absolute level and direction of interest rates and the corresponding volatility in the corporate fixed-income market; our ability to develop new products and offerings and the market's acceptance of those products; our ability to enter into strategic alliances and to acquire other businesses and successfully integrate them with our business; our future capital needs and our ability to obtain capital when needed; our exposure to risks resulting from non-performance by counterparties to transactions executed between our broker-dealer clients in which we act as an intermediary in matching back-to-back trades; and other factors. The Company's actual results and financial condition may differ, perhaps materially, from the anticipated results and financial condition in any such forward-looking statements. The Company undertakes no obligation to update any forward- looking statements, whether as a result of new information, future events or otherwise. More information about these and other factors affecting MarketAxess' business and prospects is contained in MarketAxess' periodic filings with the Securities and Exchange Commission and can be accessed at http://www.marketaxess.com/.

About MarketAxess

MarketAxess operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities, serving as an electronic platform through which our more than 650 active institutional investor clients can access the liquidity provided by our 31 broker-dealer clients. MarketAxess' multi-dealer trading platform allows our institutional investor clients to simultaneously request competitive, executable bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. MarketAxess offers our clients the ability to trade U.S. high-grade corporate bonds, European high-grade corporate bonds, credit default swaps, agencies, high-yield and emerging markets bonds. MarketAxess also provides data and analytical tools that help our clients make trading decisions, we provide connectivity solutions that facilitate the trading process by electronically communicating order information between trading counterparties and we provide our clients with ancillary technology services. Our DealerAxess(R) trading service allows dealers to trade fixed-income securities with each other on our platform. For more information, please visit http://www.marketaxess.com/.

MarketAxess Trading Volume: Summary Totals Monthly Volume ($ millions) U.S. High-Grade (1)(2)(3) Multi-Dealer European Fixed- Floating- Single- High- Rate Rate Dealer Grade Other (4) Total Jul-08 $10,256 $722 $785 $3,931 $5,333 $21,027 Jun-08 13,720 1,122 847 4,567 5,250 25,506 May-08 12,047 933 935 4,071 4,319 22,305 Apr-08 11,683 653 718 3,167 5,768 21,989 Mar-08 8,896 718 532 2,107 6,892 19,145 Feb-08 11,575 886 854 2,758 5,299 21,372 Jan-08 13,076 1,234 1,020 3,202 5,426 23,958 Dec-07 10,110 1,073 889 2,139 3,480 17,691 Nov-07 10,819 1,965 555 3,453 7,434 24,226 Oct-07 12,673 1,785 1,049 4,972 6,005 26,484 Sep-07 9,595 1,168 573 3,870 5,737 20,943 Aug-07 9,840 1,184 673 4,822 6,579 23,098 Jul-07 11,771 3,785 1,341 6,049 8,688 31,634 Jun-07 16,051 5,426 1,204 7,828 7,660 38,169 May-07 13,898 7,520 1,984 8,951 6,752 39,105 Apr-07 12,991 6,611 1,858 6,998 5,680 34,138 Mar-07 16,148 6,247 1,749 9,362 5,850 39,356 Feb-07 12,943 4,077 1,448 9,093 4,710 32,271 Jan-07 11,321 5,155 1,740 9,885 4,729 32,830 Dec-06 11,213 5,246 1,425 5,411 4,181 27,476 Nov-06 13,041 3,272 1,169 8,699 4,494 30,675 Oct-06 14,749 4,556 1,791 8,014 4,697 33,807 Sep-06 11,928 4,192 1,737 6,087 5,249 29,193 Aug-06 11,368 3,994 1,760 6,198 5,864 29,184 Jul-06 9,121 4,024 1,637 6,448 4,146 25,376 Jun-06 11,804 2,301 1,482 7,887 4,662 28,136 May-06 11,849 1,782 1,261 8,247 4,765 27,904 Apr-06 9,517 1,864 1,411 6,651 3,943 23,386 Mar-06 11,849 2,415 1,585 7,730 5,048 28,627 Feb-06 10,288 1,557 1,672 7,132 4,189 24,838 Jan-06 12,084 2,411 2,082 9,109 5,347 31,033 Dec-05 10,358 1,577 1,547 4,262 3,563 21,307 Nov-05 10,962 1,539 882 6,783 4,610 24,776 Oct-05 9,827 1,619 879 6,210 4,687 23,222 Sep-05 11,795 1,854 1,635 5,845 6,316 27,445 Aug-05 10,318 1,117 845 5,238 3,750 21,268 Jul-05 9,349 1,294 856 5,170 3,263 19,932 Jun-05 10,942 1,249 900 5,867 3,800 22,758 May-05 14,189 1,838 4,792 2,907 23,726 Apr-05 13,637 1,921 6,303 3,750 25,610 Mar-05 17,861 2,947 7,184 3,954 31,946 Feb-05 14,735 2,645 7,808 3,609 28,797 Jan-05 13,501 3,065 7,896 3,961 28,423 Average Daily Trading Volume by Month ($ millions) U.S. High- European Grade High- Trading Days (1)(2)(3) Grade Other(4) Total U.S.(5) Europe(6) Jul-08 $535 $171 $242 $948 22 23 Jun-08 747 217 250 1,214 21 21 May-08 663 204 206 1,073 21 20 Apr-08 593 144 262 999 22 22 Mar-08 507 111 345 963 20 19 Feb-08 666 131 265 1,062 20 21 Jan-08 730 146 258 1,134 21 22 Dec-07 604 113 174 891 20 19 Nov-07 667 157 372 1,196 20 22 Oct-07 705 216 273 1,194 22 23 Sep-07 597 194 302 1,093 19 20 Aug-07 509 219 286 1,014 23 22 Jul-07 805 275 414 1,494 21 22 Jun-07 1,080 373 365 1,818 21 21 May-07 1,064 426 307 1,797 22 21 Apr-07 1,073 368 284 1,725 20 19 Mar-07 1,097 426 266 1,789 22 22 Feb-07 972 455 248 1,675 19 20 Jan-07 867 449 225 1,541 21 22 Dec-06 894 285 209 1,388 20 19 Nov-06 832 395 214 1,441 21 22 Oct-06 1,005 364 224 1,593 21 22 Sep-06 893 290 262 1,445 20 21 Aug-06 744 282 255 1,281 23 22 Jul-06 739 307 207 1,253 20 21 Jun-06 742 376 222 1,340 21 21 May-06 677 393 217 1,287 22 21 Apr-06 673 369 208 1,250 19 18 Mar-06 689 336 219 1,244 23 23 Feb-06 711 357 221 1,289 19 20 Jan-06 829 434 267 1,530 20 21 Dec-05 642 213 170 1,025 21 20 Nov-05 669 308 231 1,208 20 22 Oct-05 616 296 234 1,146 20 21 Sep-05 728 266 301 1,295 21 22 Aug-05 534 238 163 935 23 22 Jul-05 575 246 163 984 20 21 Jun-05 595 267 173 1,035 22 22 May-05 763 240 138 1,141 21 20 Apr-05 741 300 179 1,220 21 21 Mar-05 946 342 180 1,468 22 21 Feb-05 915 390 190 1,495 19 20 Jan-05 828 376 198 1,402 20 21 Quarterly Volume ($ millions) High-Grade U.S. (1)(2)(3) Multi-Dealer European Fixed- Floating- Single- High- Rate Rate Dealer Grade Other(4) Total 2008 Q2 $37,450 $2,708 $2,500 $11,805 $15,337 $69,800 Q1 33,547 2,838 2,406 8,066 17,617 64,474 2007 Q4 33,602 4,823 2,492 10,562 16,920 68,399 Q3 31,206 6,137 2,587 14,740 21,004 75,674 Q2 42,939 19,557 5,047 23,777 20,093 111,413 Q1 40,412 15,479 4,937 28,340 15,289 104,457 2006 Q4 39,003 13,074 4,384 22,125 13,372 91,958 Q3 32,417 12,210 5,134 18,733 15,259 83,753 Q2 33,170 5,947 4,154 22,784 13,370 79,425 Q1 34,220 6,383 5,339 23,971 14,585 84,498 2005 Q4 31,147 4,735 3,308 17,256 12,859 69,305 Q3 31,462 4,265 3,336 16,253 13,329 68,645 Q2 38,768 5,008 900 16,961 10,456 72,093 Q1 46,096 8,657 22,888 11,524 89,165 Average Daily Volume per Quarter (in millions) U.S. High- European Grade (High- Trading Days (1)(2)(3) Grade Other(4) Total U.S.(5) Europe (6) 2008 Q2 $667 $187 $240 $1,094 64 63 Q1 636 130 289 1,055 61 62 2007 Q4 660 165 273 1,098 62 64 Q3 634 230 333 1,197 63 64 Q2 1,072 390 319 1,781 63 61 Q1 981 443 247 1,671 62 64 2006 Q4 911 351 216 1,478 62 63 Q3 790 293 242 1,325 63 64 Q2 698 380 216 1,294 62 60 Q1 741 375 235 1,351 62 64 2005 Q4 642 274 211 1,127 61 63 Q3 610 250 208 1,068 64 65 Q2 698 269 163 1,130 64 63 Q1 898 369 189 1,456 61 62 Annual Volume ($ millions) U.S. High-Grade (1)(2)(3) Multi-Dealer European Fixed- Floating- Single- High- Rate Rate Dealer Grade Other(4) Total 2007 $148,160 $45,996 $15,064 $77,419 $73,305 $359,944 2006 138,810 37,614 19,010 87,614 56,585 $339,633 2005 147,474 22,665 7,543 73,358 48,169 $299,209 Average Daily Trading Volume by Year ($ millions) U.S. High- European Grade High- Trading Days (1)(2)(3) Grade Other(4) Total U.S.(5) Europe(6) 2007 $837 $ 306 $293 $1,436 250 253 2006 785 349 227 1,361 249 251 2005 711 290 193 1,194 250 253 (1) Effective March 2008, the Company began reporting separately U.S. High-Grade fixed-rate and floating-rate trading volumes. U.S. High-Grade fixed-rate and floating-rate trading volumes for prior periods are included for comparative purposes. (2) Volumes from the Company's DealerAxess(R) interdealer trading service are included in the Company's reported U.S. high-grade or "Other" trading volumes, as appropriate. Consistent with FINRA TRACE reporting standards, both sides of each DealerAxess(R) trade are included in the Company's reported trading volumes. (3) Effective June 2005 the Company began reporting separately U.S. High-Grade single-dealer inquiries. (4) Effective September 2005 the Company began reporting credit default swaps trading volumes in "Other" trading volume. (5) The number of U.S. trading days is based on the Securities Industry and Financial Markets Association (SIFMA) holiday recommendation calendar. (6) The number of U.K. trading days is based on the U.K. Bank Holiday Schedule.

MarketAxess Holdings Inc.

CONTACT: Stephen Davidson, MarketAxess Holdings Inc., +1-212-813-6021;
or William McBride, Gavin Anderson & Co., +1-212-515-1970

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

NICE Systems Sets New Records With Second Quarter 2008 Results

RA'ANANA, Israel, August 6 /PRNewswire-FirstCall/ -- NICE Systems , the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance, today announced results for the second quarter of 2008.

Non-GAAP highlights for second quarter 2008 include: ==================================================== - Record revenues at $155.3, up 22.2% year-over-year - Record gross margins at 65.5% from 63.0% in second quarter 2007 - EPS reaches $0.39, up from $0.36 - Continuous strong demand for NICE enterprise and security solutions - Company raises revenue guidance for the year

Second quarter 2008 non-GAAP revenue reached a record of $155.3 million, representing a 22.2% increase from $127.1 million in the second quarter of 2007.

Non-GAAP gross margin in the second quarter of 2008 reached a record 65.5%, or $101.7 million gross profit, up from 63.0%, or $80.1 million respectively, in the second quarter of 2007.

Non-GAAP operating margin in the second quarter of 2008 was 16.5%, compared with 16.8% in the second quarter 2007. Non-GAAP operating profit reached $25.7 million, up 20.2% from $21.4 million in the second quarter of 2007.

Second quarter 2008 non-GAAP net income was $24.0 million, a 21.3% increase from $19.7 million in the second quarter of 2007. Non-GAAP earnings per fully diluted share were $0.39, up from $0.36 in the second quarter of 2007.

Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: amortization of acquired intangible assets, stock based compensation expenses as well as certain business combination accounting entries and one time settlement and related expenses.

On a GAAP basis: Second quarter 2008 revenue was $154.1 million, an increase from $126.2 million in the second quarter of 2007. Second quarter 2008 gross margin was 62.0%, up from 60.3% in the second quarter of 2007; operating loss was $0.2 million, compared with operating profit of $11.2 million, in the second quarter of 2007; and second quarter 2008 net income was $1.5 million, or $0.02 per fully diluted share, compared with net income of $11.2 million, or $0.21 per share, on a fully diluted basis, for the second quarter of 2007.

Total cash and equivalents as of June 30, 2008 were $442.4 million, with no debt.

"The demand for NICE's solutions remains strong in our two market sectors, enterprise and security, across all regions," said Haim Shani, Chief Executive Officer of NICE. "We continue to execute well on our strategy of leading the market with our advanced applications solutions in the enterprise sector and of winning large-scale deals in the security sector."

Guidance for third quarter and year 2008:

Third quarter 2008 non-GAAP revenues are expected to be in the range of $159-$163 million, and non-GAAP EPS is expected to be in the range of $0.41-$0.45 per fully diluted share.

The company is increasing its revenue guidance for year 2008; non-GAAP revenue is expected to be at $627-635 million, up from $619-634 million and non-GAAP EPS is reiterated at the range of $1.65 - $1.75 per fully diluted share.

Conference Call

NICE will host a conference call to discuss the results and its business outlook today at 8:30 a.m. EST (15:30 Israel). Participants may access the conference call by dialing US toll-free +1-888-281-1167 or +1-800-994-4498; international: +972-3-918-0609; Israel: 03-918-0609. The call will also be broadcast live on the internet via NICE's website at http://www.nice.com/ . A telephone replay will be available for up to 72 hours, starting from three hours after the call, by dialing one of the following numbers: US Toll-free: +1-888-782-4291; international: +972-3-925-5938; Israel: 03-925-5938.

The purpose of adjustments from GAAP to non-GAAP is to give an indication of our performance exclusive of non-cash charges and other items that are considered by management to be outside of our core operating results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Business combination accounting rules requires us to recognize a legal performance obligation related to a revenue arrangement of an acquired entity. The amount assigned to that liability should be based on its fair value at the date of acquisition. The non-GAAP adjustment is intended to reflect the full amount of such revenue. We believe this adjustment is useful to investors as a measure of the ongoing performance of our business. We believe these non-GAAP financial measures provide consistent and comparable measures to help investors understand our current and future operating cash flow performance. These non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies. Reconciliation between results on a GAAP and non-GAAP basis is provided in a table immediately following the Consolidated Statement of Operations.

About NICE Systems

NICE Systems is the leading provider of Insight from Interactions solutions and value-added services, powered by advanced analytics of unstructured multimedia content - from telephony, web, radio and video communications. NICE's solutions address the needs of the enterprise and security markets, enabling organizations to operate in an insightful and proactive manner, and take immediate action to improve business and operational performance and ensure safety and security. NICE has over 24,000 customers in more than 135 countries, including over 85 of the Fortune 100 companies. More information is available at http://www.nice.com/.

Trademark Note: 360degrees View, Alpha, ACTIMIZE, Actimize logo, Customer Feedback, Dispatcher Assessment, Encorder, eNiceLink, Executive Connect, Executive Insight, FAST, FAST alpha Blue, FAST alpha Silver, FAST Video Security, Freedom, Freedom Connect, IEX, Interaction Capture Unit, Insight from Interactions, Investigator, Last Message Replay, Mirra, My Universe, NICE, NICE logo, NICE Analyzer, NiceCall, NiceCall Focus, NiceCLS, NICE Inform, NICE Learning, NiceLog, NICE Perform, NiceScreen, NICE SmartCenter, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse Compact, NiceVision, NiceVision Alto, NiceVision Analytics, NiceVision ControlCenter, NiceVision Digital, NiceVision Harmony, NiceVision Mobile, NiceVision Net, NiceVision NVSAT, NiceVision Pro, Performix, Playback Organizer, Renaissance, Scenario Replay, ScreenSense, Tienna, TotalNet, TotalView, Universe, Wordnet are trademarks and/or registered trademarks of NICE Systems Ltd. All other trademarks are the property of their respective owners.

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission.

NICE SYSTEMS LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME U.S. dollars in thousands (except per share amounts) Three months ended Six months ended June 30, June 30, ___________________ _________________ 2007 2008 2007 2008 Unaudited Unaudited Unaudited Unaudited _________ _________ _________ _________ Revenue Product $ 76,299 $ 88,451 $149,501 $172,121 Services 49,892 65,687 92,632 126,461 _________ _________ _________ _________ Total revenue 126,191 154,138 242,133 298,582 Cost of revenue Product 21,757 22,795 42,018 45,361 Services 28,384 35,854 55,452 69,821 _________ _________ _________ _________ Total cost of revenue 50,141 58,649 97,470 115,182 _________ _________ _________ _________ Gross Profit 76,050 95,489 144,663 183,400 Operating Expenses: Research and development, net 13,718 19,186 26,699 38,020 Selling and marketing 27,918 37,692 55,338 73,522 General and administrative 21,345 25,155 40,543 49,571 Amortization of acquired intangible assets 1,840 3,779 3,692 6,984 Settlement and related expenses - 9,870 - 9,870 _________ _________ _________ _________ Total operating expenses 64,821 95,682 126,272 177,967 _________ _________ _________ _________ Operating income (loss) 11,229 (193) 18,391 5,433 Financial income, net 3,435 3,828 6,686 7,504 Other income, net 57 (6) 56 (15) _________ _________ _________ _________ Income before taxes on income 14,721 3,629 25,133 12,922 Taxes on income 3,550 2,118 5,236 3,479 _________ _________ _________ _________ Net income $ 11,171 $ 1,511 $ 19,897 $ 9,443 _________ _________ _________ _________ _________ _________ _________ _________ Basic earnings per share $ 0.22 $ 0.03 $ 0.39 $ 0.16 _________ _________ _________ _________ _________ _________ _________ _________ Diluted earnings per share $ 0.21 $ 0.02 $ 0.37 $ 0.15 _________ _________ _________ _________ _________ _________ _________ _________ Weighted average number of shares outstanding used to compute: Basic earnings per share 51,938 59,930 51,668 59,719 Diluted earnings per share 53,922 61,413 53,802 61,203 NICE SYSTEMS LTD. AND SUBSIDIARIES NON-GAAP NET INCOME AND EARNINGS PER SHARE U.S. dollars in thousands (except per share amounts) Three months ended Six months ended June 30, June 30, __________________ ________________ 2007 2008 2007 2008 Unaudited Unaudited Unaudited Unaudited _________ _________ _________ _________ GAAP net income $ 11,171 $ 1,511 $ 19,897 $ 9,443 Adjustments US GAAP valuation adjustment on acquired deferred revenue Product Revenue 368 399 541 1,945 Service Revenue 563 753 1,460 1,510 Amortization of acquired intangible assets and acquisition related costs (a) included in cost of product 2,419 4,168 4,956 8,315 included in operating expense 1,840 3,779 3,692 6,984 included in research and development - 315 - 536 included in general and administrative expense - 174 - 442 Equity based compensation expense included in cost of product 153 81 320 190 included in cost of services 572 806 1,186 1,640 included in research & development 638 1,462 1,232 3,102 included in sales & marketing 1,310 1,719 2,741 3,679 included in general & administrative 2,285 2,351 4,464 5,390 Settlement and related expenses - 9,870 - 9,870 Tax benefit associated with amortization of acquired intangible assets, FAS 123R options compensation, acquired deferred revenue and settlement expenses (1,570) (3,438) (4,111) (7,114) _________ _________ _________ _________ Non-GAAP net income $ 19,749 $ 23,950 $ 36,378 $ 45,932 _________ _________ _________ _________ _________ _________ _________ _________ Non-GAAP basic earnings per share $ 0.38 $ 0.40 $ 0.70 $ 0.77 _________ _________ _________ _________ _________ _________ _________ _________ Non-GAAP diluted earnings per share $ 0.36 $ 0.39 $ 0.67 $ 0.74 _________ _________ _________ _________ _________ _________ _________ _________ Weighted average number of shares outstanding used to compute: Non-GAAP basic earnings per share 51,938 59,930 51,668 59,719 Non-GAAP diluted earnings per share (b) 54,398 61,892 54,189 61,749 (a) Includes compensation expenses related to the acquisitions of US$489 and US$ 978 for the quarter and year to date 2008, respectively. (b) For Non-GAAP earnings per share the diluted weighted average number of shares outstanding were calculated excluding the effects of expensing stock options under Statement 123R NICE SYSTEMS LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands December 31, June 30, 2007 2008 ___________ ___________ Unaudited Unaudited ___________ ___________ ASSETS CURRENT ASSETS: Cash and cash equivalents $ 116,619 $ 154,555 Short-term investments 123,322 47,422 Trade receivables 101,977 110,795 Other receivables and prepaid expenses 20,749 24,528 Inventories 11,835 13,512 Deferred tax assets 8,258 8,721 ___________ ___________ Total current assets 382,760 359,533 ___________ ___________ LONG-TERM ASSETS: Marketable securities 158,260 240,465 Other long-term assets 18,349 20,344 Deferred tax assets 8,739 6,979 Property and equipment, net 18,655 20,855 Other intangible assets, net 162,315 163,933 Goodwill 443,256 454,409 ___________ ___________ Total long-term assets 809,574 906,985 ___________ ___________ TOTAL ASSETS $ 1,192,334 $ 1,266,518 ___________ ___________ ___________ ___________ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables $ 21,792 $ 25,165 Accrued expenses and other liabilities 208,085 234,220 Deferred tax liabilities - 294 ___________ ___________ Total current liabilities 229,877 259,679 ___________ ___________ LONG-TERM LIABILITIES: Deferred tax liabilities 41,764 41,656 Other long-term liabilities 16,899 20,402 ___________ ___________ Total long-term liabilities 58,663 62,058 ___________ ___________ SHAREHOLDERS' EQUITY 903,794 944,781 ___________ ___________ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,192,334 $ 1,266,518 ___________ ___________ ___________ ___________ NICE SYSTEMS LTD. AND SUBSIDIARIES CONSOLIDATED CASH FLOW STATEMENTS U.S. dollars in thousands Three months ended Six months ended June 30, June 30, __________________ __________________ 2007 2008 2007 2008 Unaudited Unaudited Unaudited Unaudited _________ _________ _________ _________ Cash flows from operating activities: _____________________ Net income $ 11,171 $ 1,511 $ 19,897 $ 9,443 Adjustments required to reconcile net income to net cash provided by operating activities: Depreciation and amortization 6,675 10,600 13,525 20,660 Stock based compensation 4,958 6,419 9,943 14,001 Excess tax benefit from share-based payment arrangements (1,923) (727) (3,486) (834) Accrued severance pay, net 785 (125) 840 123 Amortization of discount (premium) and accrued interest on marketable securities (117) 858 (146) 1,147 Deferred taxes, net (179) (62) (2,571) (3,494) Increase in trade receivables (9,459) (12,542) (6,440) (7,060) Increase in other receivables and prepaid expenses (3,987) (1,105) (5,629) (2,282) Decrease (increase) in inventories 2,813 944 5,389 (80) Increase (decrease) in trade payables 5,771 422 (2,970) 2,135 Increase in accrued expenses and other liabilities 400 7,201 22,510 26,402 Other (30) 427 (34) 485 _________ _________ _________ _________ Net cash provided by operating activities from continuing operations 16,878 13,821 50,828 60,646 Net cash provided by operating activities from discontinued operation 476 - 476 - _________ _________ _________ _________ Net cash provided by operating activities 17,354 13,821 51,304 60,646 _________ _________ _________ _________ Cash flows from investing activities: Purchase of property and equipment (1,915) (3,772) (4,147) (7,043) Proceeds from sale of property and equipment 20 - 53 7 Investment in marketable securities (59,495) (43,376) (160,731) (134,517) Proceeds from maturity of marketable securities 32,100 30,525 104,450 47,075 Proceeds from sale and call of held-to-maturity marketable securities 3,864 7,680 5,864 40,526 Investment in short-term bank deposits (33) (19) (77) (19) Proceeds from short-term bank deposits 34 39,022 55 39,047 Capitalization of software development costs (242) (470) (455) (743) Payments for acquisitions (540) (18,957) (2,088) (21,750) Received upon the realization of investment in an affiliate - 964 - 964 _________ _________ _________ _________ Net cash provided by (used in) investing activities (26,207) 11,597 (57,076) (36,453) _________ _________ _________ _________ Cash flows from financing activities: Proceeds from issuance of shares upon exercise of share options and ESPP, net 4,328 9,545 11,741 12,734 Excess tax benefit from share-based payment arrangements 1,923 727 3,486 834 _________ _________ _________ _________ Net cash provided by financing activities 6,251 10,272 15,227 13,568 _________ _________ _________ _________ Effect of exchange rate changes on cash 161 (44) 151 175 _________ _________ _________ _________ Increase (decrease) in cash and cash equivalents (2,441) 35,646 9,606 37,936 Cash and cash equivalents at beginning of period 79,412 118,909 67,365 116,619 _________ _________ _________ _________ Cash and cash equivalents at end of period $ 76,971 $ 154,555 $ 76,971 $154,555 _________ _________ _________ _________ _________ _________ _________ _________ Media Galit Belkind NICE Systems galit.belkind@nice.com +1-877-245-7448 Investors Daphna Golden NICE Systems ir@nice.com +1-877-245-7449

NICE Systems Ltd

CONTACT: Media: Galit Belkind, NICE Systems, galit.belkind@nice.com,
+1-877-245-7448; Investors, Daphna Golden, NICE Systems, ir@nice.com,
+1-877-245-7449

Amerigon Reports 2008 Second Quarter, Six-Month ResultsShips Four Millionth Climate Control Seat(TM) (CCS(TM)) System

NORTHVILLE, Mich., Aug. 6 /PRNewswire-FirstCall/ -- Amerigon Incorporated , a leader in developing and marketing products based on advanced thermoelectric (TE) technologies, today announced that revenues for this year's second quarter and first six months ended June 30, 2008 increased 12 percent and 9 percent, respectively, over prior year periods. In addition, Amerigon shipped during the quarter its four millionth Climate Control Seat(TM) (CCS(TM)) system, another significant milestone for the Company.

Revenues for this year's second quarter were $16.8 million, up from $15.1 million for last year's second quarter due primarily to new vehicle model introductions, higher penetration on certain programs and a higher average unit price. Revenue for this year's second quarter was impacted by lower sales volumes of some of its customers due to the ongoing general downturn in the automotive market and by a production shutdown at one of the Company's customers due to a labor strike at American Axle and Manufacturing Holdings Incorporated (AXL).

Gross margin as a percentage of revenue for the 2008 second quarter was 31.4 percent compared with 34.2 percent in the 2007 second quarter, primarily attributable to a change in the mix of products sold which favored programs having a higher gross margin percentage during last year's second quarter as compared to this year's second quarter. Net income for this year's second quarter was $1.3 million, or $0.06 per share, compared with net income in last year's second quarter of $1.3 million, or $0.06 per share.

For the first six months of 2008, revenues were $34.2 million, up from $31.3 million for the year-earlier period. Gross margin as a percentage of revenue for this year's first six months was 31.7 percent compared with 33.1 percent in the first six months of last year. For the first six months of 2008, net income was $2.6 million, or $0.12 per diluted share, compared with $2.6 million, or $0.11 per diluted share for the prior year period.

"We are continuing to grow, just not as quickly or as robustly as we had previously expected due to the dramatic decline in the overall North American automotive market which has been impacted by the rapidly escalating price of fuel and the slowing economic activity," said President and Chief Executive Officer Daniel R. Coker. "The demand for our products, or what the industry calls 'take rates,' is still very strong and the vehicle manufacturers remain very enthusiastic about our technology and our seat systems."

The Company's balance sheet as of June 30, 2008 remained strong with cash, cash equivalents, short-term and long-term investments totaling $26.6 million, total assets of $59.1 million, no bank debt and shareholders' equity of $46.7 million.

Coker added that Amerigon is in the midst of broadening its product lines to areas outside the automotive industry. He said the Company continues to make excellent strides in extending the use of its advanced TE technology for heating and cooling applications in such markets as consumer goods, computers, commercial heating and air conditioning, and the military, as well for use in the recovery of waste heat to generate electricity.

"While the majority of our revenue still comes from the automotive industry, we are moving to a model that is not completely reliant on automotive sales," Coker said. "Thanks to the still largely untapped potential of our thermoelectric technology, the future -- even the near future -- remains very bright for Amerigon."

New products equipped with CCS and launched since the 2007 second quarter and first six months included the Hyundai Genesis, Lexus LX 570, Jaguar XJ, Jaguar XF, Lincoln MKS, Nissan Maxima, Infiniti FX35 and Infiniti FX50. The Nissan Teana, which is sold in Asian markets, is the first vehicle ever to offer Amerigon's new heated and ventilated seat system. The Company expects that product revenue over the remainder of the year will increase due to the effect of reaching full production volume on these programs and due to a number of new vehicle introductions which will begin to offer CCS as an option during the second half of the year. These new vehicles include the Ford F-Series pickup and an expansion into an increased number of models produced by General Motors under its light truck platform known as the GMT 900 series. These include the Chevrolet Suburban, Chevrolet Tahoe, Chevrolet Avalanche, GMC Yukon, GMC Yukon XL, GMC Yukon Denali and the GMC Sierra Denali Pickup.

The trend towards a more balanced distribution of revenue between North American and international customers continued during the 2008 second quarter and first six months. Revenue from European and Asian customers in this year's second quarter increased to 58 percent of total revenue, up from 41 percent in the 2007 second quarter, and revenue from North American customers in the 2008 second quarter was 42 percent of total revenue compared to 59 percent in last year's second quarter. For the first six months of 2008, revenue from European and Asian customers increased to 52 percent of total revenue, up from 39 percent in the prior year period, and revenue from North American customers in this year's first six months was 48 percent of total revenue compared to 61 percent in first six months of 2007.

Unit shipments of CCS systems for the 2008 second quarter and first six months increased to 253,000 and 506,000, up from 226,000 and 466,000 units for the year-earlier periods.

This year's second quarter and six-month results included year-over-year increases in research and development expenses of $157,000 and $604,000, respectively, due to the addition of CCS engineering resources to support the large number of upcoming new vehicle programs, continued development of new automotive and non-automotive TE-based products and increased activities at Amerigon's BSST subsidiary. The Company expects that net research and development expenses will increase during the remainder of 2008 and in 2009 as it continues to step up its development activities at BSST to support continued development of its advanced TE technology. This increase is expected to be approximately $400,000 to $500,000 per quarter.

Coker said, "Our thermoelectric technology is becoming more and more efficient, particularly as advances are made in the materials we use. Recent progress has encouraged us to increase our BSST programs for advanced TE materials and product development as previously discussed."

Guidance for 2008

Due to the dramatic drop in the North American automotive market and the postponement of several 2009 vehicle launches including the Ford F-150, the Company expects product revenues in 2008 to increase 10 to 20 percent over 2007 compared with the Company's prior guidance of 30 to 40 percent. The reduction reflects the recently announced 2009 model launch deferrals by several customers to later in 2008 and the major reductions for the second half of the year in existing full-size vehicle production schedules.

In 2008, there will continue to be a number of macro-economic and geopolitical issues outside Amerigon's control, such as the effects of gas price increases, the uncertainty of the situations in the Middle East and the Gulf Region, and the availability of credit, that could negatively impact the automotive industry, the overall economy and Amerigon's results.

Conference Call

As previously announced, Amerigon is conducting a conference call today to be broadcast live over the Internet at 11:30 AM Eastern Time to review the financial results for the second quarter and six months ended June 30, 2008. The dial-in number for the call is 1-800-762-8795. The live webcast and archived replay of the call can be accessed in the Events page of the Investor section of Amerigon's website at http://www.amerigon.com/.

About Amerigon

Amerigon develops products based on its advanced, proprietary, efficient thermoelectric (TE) technologies for a wide range of global markets and heating and cooling applications. The Company's current principal product is its proprietary Climate Control Seat(TM) (CCS(TM)) system, a solid-state, TE-based system that permits drivers and passengers of vehicles to individually and actively control the heating and cooling of their respective seats to ensure maximum year-round comfort. CCS, which is the only system of its type on the market today, uses no CFCs or other environmentally sensitive coolants. Amerigon maintains sales and technical support centers in Southern California, Detroit, Japan, Germany, England and Korea.

Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Amerigon's Securities and Exchange Commission filings and reports, including, but not limited to, its Form 10-Q for the period ended June 30, 2008 and its Form 10-K for the year ended December 31, 2007.

Contact: Allen & Caron Inc Jill Bertotti (investors) jill@allencaron.com Len Hall (media) len@allencaron.com (949) 474-4300 TABLES FOLLOW AMERIGON INCORPORATED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Product revenues $16,796 $15,058 $34,156 $31,331 Cost of sales 11,517 9,903 23,318 20,962 Gross margin 5,279 5,155 10,838 10,369 Operating expenses: Research and development 2,183 1,868 4,582 3,595 Research and development reimbursements (686) (528) (1,495) (1,112) Net research and development expenses 1,497 1,340 3,087 2,483 Selling, general and administrative 2,032 2,023 4,159 4,176 Total operating expenses 3,529 3,363 7,246 6,659 Operating income 1,750 1,792 3,592 3,710 Interest income 218 244 515 430 Other income 35 50 87 100 Earnings before income tax 2,003 2,086 4,194 4,240 Income tax expense 749 830 1,569 1,690 Net income $1,254 $1,256 $2,625 $2,550 Basic earnings per share $0.06 $0.06 $0.12 $0.12 Diluted earnings per share $0.06 $0.06 $0.12 $0.11 Weighted average number of shares - basic 22,140 21,631 22,072 21,511 Weighted average number of shares - diluted 22,710 22,637 22,760 22,504 AMERIGON INCORPORATED CONSOLIDATED CONDENSED BALANCE SHEETS (In thousands, except share data) June 30, December 31, ASSETS 2008 2007 (unaudited) Current Assets: Cash & cash equivalents $13,609 $1,170 Short-term investments - 23,925 Accounts receivable, less allowance of $401 and $542, respectively 11,282 11,672 Inventory: Raw materials 71 329 Finished goods 4,765 1,890 Inventory 4,836 2,219 Deferred income tax assets 4,121 3,784 Prepaid expenses and other assets 583 595 Total current assets 34,431 43,365 Property and equipment, net 4,562 3,965 Long-term investments 13,025 - Deferred financing costs 7 9 Patent costs, net of accumulated amortization of $208 and $121, respectively 2,853 2,679 Deferred income tax assets 4,200 5,968 Total assets $59,078 $55,986 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $8,238 $8,640 Accrued liabilities 3,526 3,987 Deferred manufacturing agreement - current portion 200 200 Total current liabilities 11,964 12,827 Pension Benefit Obligation 47 - Deferred manufacturing agreement - long-term portion 350 450 Total liabilities 12,361 13,277 Shareholders' equity: Common Stock: No par value; 30,000,000 shares authorized, 22,150,369 and 21,917,733 issued and outstanding at June 30, 2008 and December 31, 2007, respectively 63,968 63,028 Paid-in capital 22,201 21,766 Accumulated other comprehensive income - foreign currency (8) (16) Accumulated deficit (39,444) (42,069) Total shareholders' equity 46,717 42,709 Total liabilities and shareholders' equity $59,078 $55,986 AMERIGON INCORPORATED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Six Months Ended June 30, 2008 2007 Operating Activities: Net income $2,625 $2,550 Adjustments to reconcile net income to cash provided by operating activities: Deferred tax provision 1,431 1,605 Stock option compensation 435 400 Depreciation and amortization 625 256 Loss on disposal of property and equipment 10 - Changes in operating assets and liabilities: Accounts receivable 389 (1,625) Inventory (2,617) 2,662 Prepaid expenses and other assets 16 (968) Accounts payable (401) 596 Accrued liabilities (413) 792 Net cash provided by operating activities 2,100 6,268 Investing Activities: Purchases of investments (3,100) (19,837) Sales and maturities of investments 14,000 15,751 Purchase of property and equipment (1,247) (935) Patent costs (261) (1,675) Net cash provided by (used in) investing activities 9,392 (6,696) Financing Activities: Proceeds from the exercise of Common Stock options 940 236 Net cash provided by financing activities 940 236 Foreign currency effect 7 (11) Net increase (decrease) in cash and cash equivalents 12,439 (203) Cash and cash equivalents at beginning of period 1,170 2,440 Cash and cash equivalents at end of period $13,609 $2,237 Supplemental disclosure of cash flow information: Cash paid for Taxes $172 $135 Supplemental disclosure of non-cash transactions: Issuance of Common Stock under the 2006 Equity Incentive Plan $344 $389

Amerigon Incorporated

CONTACT: Jill Bertotti (investors), jill@allencaron.com, or Len Hall
(media), len@allencaron.com, both of Allen & Caron Inc, +1-949-474-4300

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

Quanta Services Reports 2008 Second Quarter ResultsRevenue of $961 millionGAAP Diluted EPS of $0.22Cash Diluted EPS of $0.26

HOUSTON, Aug. 6 /PRNewswire-FirstCall/ -- Quanta Services, Inc. today announced results for the three and six months ended June 30, 2008. On August 30, 2007, Quanta completed the acquisition of InfraSource Services, Inc. through an all-stock merger. Therefore, Quanta's results for the three and six months ended June 30, 2008 are compared to its pre-merger historical results for the three and six months ended June 30, 2007.

Revenues in the second quarter of 2008 were $960.9 million compared to revenues of $552.2 million in the second quarter of 2007. For the second quarter of 2008, income from continuing operations was $40.5 million or $0.22 per diluted share, compared to income from continuing operations of $21.8 million or $0.17 per diluted share in the second quarter of 2007. Cash earnings per diluted share from continuing operations (a non-GAAP measure) were $0.26 for the second quarter of 2008 as compared to $0.18 in the second quarter of 2007. Cash earnings per diluted share from continuing operations are before amortization of intangible assets and non-cash compensation expense, both net of tax. See the attached table for a reconciliation of non-GAAP measures to the reported GAAP measures.

"The second quarter continued a trend of strong revenue growth and operating margin expansion for our business. For the quarter, pro forma internal revenue growth was approximately 20 percent compared to the second quarter of 2007 including the effects of all acquisitions in both periods," said John R. Colson, chairman and chief executive officer of Quanta Services. "Our customers continue to invest in infrastructure despite a challenging economic environment. The growth in renewable energy generation is creating opportunities and adding momentum to the already strong electrical construction market."

Revenues for the first six months of 2008 were $1.81 billion compared to $1.12 billion for the first half of 2007. For the first six months of 2008, Quanta reported income from continuing operations of $64.8 million or $0.35 per diluted share, compared to income from continuing operations of $52.7 million or $0.39 per diluted share for the first six months of last year. Excluding $15.3 million in tax benefits primarily associated with the settlement of a multi-year audit by the Internal Revenue Service during the first quarter of 2007, adjusted income from continuing operations was $37.3 million and adjusted earnings per diluted share from continuing operations were $0.29 for the first six months of 2007. Adjusted income from continuing operations and adjusted earnings per diluted share from continuing operations are non-GAAP measures. See the attached table for a reconciliation of non-GAAP measures to the reported GAAP measures.

RECENT HIGHLIGHTS -

-- Allegheny Transmission Project Received Approval -- Trans-Allegheny Interstate Line Company (TrAIL) recently announced that the Public Service Commission of West Virginia issued an order approving the TrAIL 500,000-volt transmission line in West Virginia. In 2007, Quanta was awarded the contract for installation of transmission infrastructure for this 210-mile project. Quanta has initiated pre-construction activities under this contract. The new transmission line, which spans West Virginia, Virginia and Pennsylvania, is expected to be completed by June 2011.

-- Acquired a Helicopter Services Company -- The acquisition of Oregon-based Winco, Inc. (Winco) in July 2008 enables Quanta to deliver powerline helicopter services to its customers nationwide. Winco brings more than two decades of experience in helicopter-assisted transmission line construction, maintenance and repair services. Winco's services augment Quanta's existing transmission resources and better position Quanta to meet the evolving needs of its customers, especially in environmentally sensitive areas.

-- Completed Installation of Solar Energy System -- This month Quanta completed the installation of a two-megawatt, ground-mounted solar system at the Denver International Airport. The nine-acre system is projected to provide 40 percent of the power supply required to run the airport and save the airport an estimated $13 million over the next 20 years. Quanta provided site preparation and installation services for the more than 9,000 panels required for the system. This is one of more than thirty renewable energy projects Quanta had in progress at the end of the second quarter.

OUTLOOK

The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially.

Quanta expects revenues for the third quarter of 2008 to range between $1.00 billion and $1.04 billion and diluted earnings per share to be between $0.23 and $0.26. The third quarter 2007 results included the benefit of $17.9 million from the release of income tax contingencies. For the third quarter of 2007, earnings per diluted share from continuing operations were $0.30, which included $0.11 per diluted share from these tax benefits. Quanta expects cash earnings per diluted share for the third quarter of 2008 to range from $0.27 to $0.31. Amortization of intangibles and non-cash stock compensation expenses are forecasted to be approximately $12.6 million for the third quarter of 2008. These estimates include approximately $30 million of anticipated emergency restoration revenues for the third quarter of 2008.

Quanta Services has scheduled a conference call for August 6, 2008, at 9:30 a.m. Eastern time. To participate in the call, dial (303) 262-2191 at least 10 minutes before the conference call begins and ask for the Quanta Services conference call. Investors, analysts and the general public also will have the opportunity to listen to the conference call over the Internet by visiting the company's Web site at http://www.quantaservices.com/. To listen to the call live on the Web, please visit the Quanta Services Web site at least fifteen minutes early to register, download and install any necessary audio software. For those who cannot listen to the live webcast, an archive will be available shortly after the call on the company's Web site. A replay will also be available through August 13, 2008 and may be accessed by calling (303) 590-3000 and using the pass code 11116519. For more information, please contact Karen Roan at DRG&E by calling (713) 529-6600.

The non-GAAP measures in this press release and the attached table are provided to enable investors to evaluate performance excluding the effects of certain items that management believes impact the comparability of operating results between reporting periods. Reconciliations of other GAAP to non-GAAP measures not included in this press release can be found on the company's Web site at http://www.quantaservices.com/ in the "Financial News" section.

Quanta Services is a leading specialized contracting services company, delivering infrastructure network solutions for the electric power, natural gas, telecommunications and cable television industries. The company's comprehensive services include designing, installing, repairing and maintaining network infrastructure nationwide. Additionally, Quanta provides point-to-point fiber optic telecommunications infrastructure and leasing in select markets and offers related design, procurement, construction and maintenance services. With operations throughout North America, Quanta has the manpower, resources and expertise to complete projects that are local, regional, national or international in scope.

Forward-Looking Statements

This press release (and oral statements regarding the subject matter of this release, including those made on the conference call and webcast announced herein) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, projected revenues and earnings per share and other projections of financial and operating results, capital expenditures, growth in particular markets, benefits of the Energy Policy Act of 2005, statements relating to the business plans or financial condition of utilities and our other customers, and Quanta's strategies and plans, as well as statements reflecting expectations, intentions, assumptions or beliefs about future events, and other statements that do not relate strictly to historical or current facts. Although Quanta's management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements can be affected by inaccurate assumptions and by a variety of risks and uncertainties that are difficult to predict or beyond our control, including, among others, quarterly variations in operating results; adverse changes in economic conditions and trends in relevant markets; the failure to realize expected synergies and benefits from the merger with InfraSource Services, Inc., and other potential adverse impacts on Quanta's business or its financial results as a result of the merger, including unexpected costs or liabilities; delays or cancellations of existing projects and our ability to compete for new projects; dependence on fixed price contracts and the potential to incur losses with respect to these contracts; estimates relating to the use of percentage-of-completion accounting; the successful performance and completion of contracts; the ability to generate internal growth; the ability to effectively compete for market share; potential failure of the Energy Policy Act of 2005 to result in increased spending on the electrical power transmission infrastructure; the ability to attract skilled labor and retention of key personnel and qualified employees; potential shortage of skilled employees; growth outpacing infrastructure; the ability to successfully identify, complete and integrate acquisitions; the adverse impact of goodwill impairments; estimates and assumptions in determining financial results; unexpected costs or liabilities that may arise from lawsuits or indemnity claims related to the services Quanta performs; liabilities for claims that are self-insured or for claims that Quanta's casualty insurance carrier fails to pay; the financial distress of Quanta's casualty insurance carrier that may require payment for losses that would otherwise be insured; potential liabilities relating to occupational health and safety matters; risks associated with Quanta's dark fiber leasing business, including regulatory changes and the potential inability to realize a return on capital investments; cancellation provisions within contracts and the risk that contracts are not renewed or are replaced on less favorable terms; the ability to realize backlog; the inability of customers to pay for services; beliefs and assumptions about the collectability of receivables; the ability to obtain performance bonds; the impact of a unionized workforce on operations and the ability to complete future acquisitions; the ability to continue to meet the requirements of the Sarbanes-Oxley Act of 2002; potential exposure to environmental liabilities; risks associated with operating in international markets; requirements relating to governmental regulation and changes thereto; rapid technological and structural changes that could reduce the demand for services; the cost of borrowing, availability of credit, debt covenant compliance and other factors affecting financing activities; the potential conversion of Quanta's outstanding convertible subordinated notes; and other risks detailed in Quanta's Annual Report on Form 10-K for the year ended December 31, 2007, Quanta's Quarterly Report on Form 10-Q for quarter ended March 31, 2008 and any other documents of Quanta filed with the Securities and Exchange Commission (SEC). Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through the company's web site at http://www.quantaservices.com/ or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov/.

Contacts: James Haddox, CFO Ken Dennard / ksdennard@drg-e.com Reba Reid Kip Rupp / krupp@drg-e.com Quanta Services Inc. DRG&E 713-629-7600 713-529-6600 - Tables to follow - Quanta Services, Inc. and Subsidiaries Consolidated Statements of Operations For the Three and Six Months Ended June 30, 2008 and 2007 (In thousands, except per share information) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenues $960,882 $552,220 $1,805,324 $1,121,179 Cost of services (including depreciation) 802,192 466,973 1,522,757 958,360 Gross profit 158,690 85,247 282,567 162,819 Selling, general & administrative expenses 76,292 47,021 147,008 95,976 Amortization of intangible assets 9,876 692 20,466 1,464 Operating income 72,522 37,534 115,093 65,379 Interest expense (5,219) (5,544) (10,419) (11,096) Interest income 2,088 5,654 6,083 9,952 Other income (expense), net 278 82 482 111 Income from continuing operations before income tax provision 69,669 37,726 111,239 64,346 Provision for income taxes 29,151 15,943 46,469 11,696 Income from continuing operations 40,518 21,783 64,770 52,650 Income from discontinued operation - 83 - 420 Net income $40,518 $21,866 $64,770 $53,070 Basic earnings per share: Income from continuing operations $0.24 $0.18 $0.38 $0.45 Income from discontinued operation - - - - Net Income $0.24 $0.18 $0.38 $0.45 Weighted average basic shares outstanding 171,063 118,578 170,556 118,306 Diluted earnings per share: Income from continuing operations $0.22 $0.17 $0.35 $0.39 Income from discontinued operation - - - 0.01 Net Income $0.22 $0.17 $0.35 $0.40 Weighted average diluted shares outstanding 202,535 149,964 201,940 149,736 The calculation of earnings per share is provided in the following table. Quanta Services, Inc. and Subsidiaries Calculation of Earnings Per Share For the Three and Six Months Ended June 30, 2008 and 2007 (In thousands, except per share information) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Income for basic earnings per share: From continuing operations $40,518 $21,783 $64,770 $52,650 From discontinued operation - 83 - 420 Net income $40,518 $21,866 $64,770 $53,070 Weighted average shares outstanding for basic earnings per share 171,063 118,578 170,556 118,306 Basic earnings per share: From continuing operations $0.24 $0.18 $0.38 $0.45 From discontinued operation - - - - Net income $0.24 $0.18 $0.38 $0.45 Income for diluted earnings per share: Income from continuing operations $40,518 $21,783 $64,770 $52,650 Effect of convertible subordinated notes under the "if-converted" method - interest expense addback, net of taxes 3,199 3,199 6,398 6,398 Income from continuing operations for diluted earnings per share 43,717 24,982 71,168 59,048 Income from discontinued operation - 83 - 420 Net income for diluted earnings per share $43,717 $25,065 $71,168 $59,468 Calculation of weighted average shares for diluted earnings per share: Weighted average shares outstanding for basic earnings per share 171,063 118,578 170,556 118,306 Effect of dilutive stock options and restricted stock 822 734 734 778 Effect of convertible subordinated notes under the "if-converted" method - weighted convertible shares issuable 30,650 30,652 30,650 30,652 Weighted average shares outstanding for diluted earnings per share 202,535 149,964 201,940 149,736 Diluted earnings per share: From continuing operations $0.22 $0.17 $0.35 $0.39 From discontinued operation - - - 0.01 Net income $0.22 $0.17 $0.35 $0.40 Quanta Services, Inc. and Subsidiaries Non-GAAP Financial Measures For the Three and Six Months Ended June 30, 2008 and 2007 (In thousands, except per share information) (Unaudited) Reconciliation of GAAP Earnings per Diluted Share to Cash Earnings and Adjusted Cash Earnings per Diluted Share Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 As reported income from continuing operations $40,518 $21,783 $64,770 $52,650 Adjustments: Impact of tax contingency releases - - - (15,338)(a) Adjusted income from continuing operations 40,518 21,783 64,770 37,312 Non-cash stock-based compensation, net of tax 2,796 1,080 5,099 2,208 Amortization of intangible assets, net of tax 6,024 422 12,484 893 Adjusted income from continuing operations for calculation of cash earnings and adjusted cash earnings per diluted share $49,338 $23,285 $82,353 $40,413 From continuing operations: As reported earnings per diluted share(b) $0.22 $0.17 $0.35 $0.39 As adjusted earnings per diluted share(b) $0.22 $0.17 $0.35 $0.29(a) Cash earnings and adjusted cash earnings per diluted share(b) $0.26 $0.18 $0.44 $0.31(a) (a) Reflects the elimination of tax benefits primarily associated with the settlement of a multi-year audit by the Internal Revenue Service in the first quarter of 2007. (b) As a result of applying the if-converted method for calculating diluted earnings per share, shares have been adjusted assuming conversion of Quanta's convertible subordinated notes, and net income has been adjusted for an addback of related interest expense, net of tax.

The non-GAAP measures in this press release are provided to enable investors to evaluate quarterly performance excluding the effects of items that management believes impact the comparability of operating results between periods.

Quanta Services, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands) (Unaudited) June 30, December 31, 2008 2007 ASSETS CURRENT ASSETS: Cash and cash equivalents $304,791 $407,081 Accounts receivable, net 821,110 719,672 Costs and estimated earnings in excess of billings on uncompleted contracts 82,116 72,424 Inventories 31,033 25,920 Prepaid expenses and other current assets 78,571 79,665 Total current assets 1,317,621 1,304,762 PROPERTY AND EQUIPMENT, net 605,536 532,285 OTHER ASSETS, net 34,404 42,992 INTANGIBLE ASSETS, net 152,684 152,695 GOODWILL 1,380,249 1,355,098 Total assets $3,490,494 $3,387,832 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current maturities of long-term debt $270,098 $271,011 Accounts payable and accrued expenses 435,724 420,815 Billings in excess of costs and estimated earnings on uncompleted contracts 48,688 65,603 Total current liabilities 754,510 757,429 CONVERTIBLE SUBORDINATED NOTES 143,750 143,750 DEFERRED INCOME TAXES AND OTHER NON-CURRENT LIABILITIES 314,391 301,510 Total liabilities 1,212,651 1,202,689 STOCKHOLDERS' EQUITY 2,277,843 2,185,143 Total liabilities and stockholders' equity $3,490,494 $3,387,832

Quanta Services, Inc.

CONTACT: James Haddox, CFO, or Reba Reid, both of Quanta Services Inc.,
+1-713-629-7600; or Ken Dennard, ksdennard@drg-e.com, or Kip Rupp,
krupp@drg-e.com, both of DRG&E, +1-713-529-6600, for Quanta Services, Inc.

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

F3 Technologies Announces Interaction(TM) Community System v.2 Availability- Will eliminate the need for costly HOA management companies- Allows home owners to avoid costly disputes

ATLANTA, Aug. 6 /PRNewswire-FirstCall/ -- F3 Technologies, Inc. (Pink Sheets: AUMN), an Atlanta based software developer, announced today immediate availability of Version 2 of the Interaction(TM) Community System, enabling Homeowner's Associations (HOAs) to deploy Interaction(TM) with the latest upgrades.

"The availability of the Interaction(TM) Community System has spurred Interaction(TM) deployments at HOAs such as at Sentinel Lake in Marietta, Ga., and the availability of v.2 will further drive Interaction(TM) deployments," said Rainey Shane, President, F3 Technologies.

"Interaction(TM) allows an HOA Board to properly communicate and share information with its members, decreasing the likelihood of homeowner disputes so common within these organizations" said Ms. Shane. "In addition, it decreases the cost of HOA management by an average of over $1000 per month over the cost of using an outside management company. That money can then be used for more important community needs."

Record Rate of Customer Deployments

Sentinel Lake, a single family residential neighborhood in Marietta, has already benefited from deploying Interaction(TM) Community System. It committed to deploying Interaction(TM) Community System over a year ago and this enabled Sentinel Lake to transform its HOA management into an "e-culture," creating a Web-based productivity infrastructure that allows Board members to publish critical information and documents directly to the community intranet. In addition, it allows the homeowners to become more involved in the community through image galleries, email, discussion boards, online dues payment, online facility reservations and shared vendors.

"The Interaction Community System has successfully brought our neighborhood community closer together," said Loren Volk, former Board president at Sentinel Lake. "Using Interaction, our residents are able to create community events, pay dues, reserve facilities, and recommend preferred vendors while simultaneously keeping up to date with our local community and neighbors."

Version 2 Availability

Version 2 is a collection of updates driven by customer feedback and has been deployed across all customers currently using the subscription based service at no additional charge. The addition of a more user-friendly dashboard and interface, an enhanced Accounting module, the ability to broadcast requests for home workers such as babysitters, tutors and pet sitters, and the ability to manage notices and violations are all included in the Version 2 release. A free 30-day trial of the on-demand software is available at http://www.interactioncs.com/ .

About F3 Technologies

F3 Technologies, Inc. (F3) is an Atlanta-based SaaS (Software-as-a-Service) development company and application service provider created to provide on- demand internet solutions to consumers and small to mid-sized companies. F3 Technologies currently has three distinctive products: FargoTube.com, Ascend Global Systems and Interaction Community Systems. It is the goal of F3 Technologies to provide the necessary systems and tools to help its end users realize personal, professional, social, and business-oriented goals.

About FargoTube: http://www.fargotube.com/ is an online video sharing software engine for users seeking to profit from their on-line video content in three different ways. First, FT allows users to upload proprietary video content and sell it to other users resulting in income for the host and video owner. Second, FT will share ad revenue generated by videos offered for sale or for free with the video owner. Lastly, FT will share a portion of any profits made by users they referred to FT as an affiliate commission.

About Ascend Global Business System: http://www.ascendgbs.com/ is an online Software-as-a-Service (SaaS) product created specifically to help businesses improve customer relations, track employee performance, and support overall revenue opportunities. The Ascend SaaS solution contains customizable modules for accounting, human resource management, project management, website creation, online store creation (e-commerce), knowledge sharing, survey building, and customer relationship management.

About Interaction Community System: http://www.interactioncs.com/ provides neighborhoods, communities, church organizations, homeowner's associations (HOAs) and other similar type groups with a reliable, online solution for valuable services such as residential directories, accounting, voting, website creation, facility management and scheduling, newsletters, announcements, vendor sharing, e-commerce, accounting, classifieds, and message boards. Interaction offers features that allow residents of these communities to stay informed and become involved.

Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance, operating strategies or business plans, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors beyond the control of the company, which include but are not limited to the ability of the company to implement its business plans, the company's ability to successfully compete, market conditions and the ability of the company to raise any necessary working capital financing, actual results may differ materially from the expectations expressed in the forward-looking statements.

Contact: Paul Knopick E & E Communications Pknopick@eandecommunications.com 949/707-5365

F3 Technologies, Inc.

CONTACT: Paul Knopick of E & E Communications, +1-949-707-5365,
Pknopick@eandecommunications.com

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

More Than One-Third of Female Workers Say They Are Paid Less Than Their Male Counterparts With the Same Experience, CareerBuilder.com Survey FindsFemale Workers also Report Gaps in Career Advancement, Training and Workplace Flexibility

CHICAGO, Aug. 6 /PRNewswire/ -- While some may say the "glass ceiling" in the office is being shattered, according to a new survey from CareerBuilder.com, the Battle of the Sexes continues in the workplace. Employers are increasingly introducing programs to promote equality, yet more than one-third (34 percent) of female workers say they feel they are paid less than their counterparts of the opposite sex with the same skills and qualifications -- relatively unchanged from 35 percent in 2006. Eleven percent of men say they feel they are paid less than their female counterparts. The CareerBuilder.com survey, "Workplace Equality," included 4,328 male workers and 3,632 female workers nationwide.

Comparing salaries, 40 percent of men surveyed reported they make $50,000 or more, compared to 21 percent of women surveyed. Nineteen percent of men earn $75,000 or more, compared to 7 percent of women. On the other end of the pay scale, 47 percent of women reported they make $35,000 or less compared to 28 percent of men.

Pay isn't the only area where women say they are feeling discrimination. More than a quarter (26 percent) of female workers say they have fewer career advancement opportunities than their counterparts of the opposite sex with the same skills and qualifications, 18 percent say they do not get the same amount of training and learning opportunities and 17 percent say they do not have the same amount of workplace flexibility.

"The number of women reporting that they receive less pay than their male counterparts has changed little over the last two years," said Rosemary Haefner, Vice President of Human Resources at CareerBuilder.com. "While companies have taken great strides to address equality in the workplace, there is still a lot of work ahead. Companies understand the value of having a diverse workforce and many are scrutinizing and improving their recruitment, compensation and promotion practices."

By Industry

When it comes to specific industries, women who work in healthcare (22 percent), hospitality (22 percent) and education (30 percent) are less likely to feel they are paid less than their male counterparts. Women who work in IT (33 percent) and banking and financial services (33 percent) are near the national average. Women in manufacturing (44 percent), retail (41 percent) and professional and business services (38 percent) are more likely to report pay discrimination. On the flip side, 21 percent of men in hospitality and 16 percent of men in banking and financial services say they are paid less than their female counterparts with similar credentials.

Perceptions of Discrimination

When asked to what they attribute getting paid less and/or having fewer career advancement opportunities than their male counterparts, nearly half (48 percent) of women say management tends to show favoritism to members of the opposite sex; 34 percent say men tend to schmooze more with the boss. Thirty-two percent of women say men are perceived as needing to have more money to support their families, 30 percent say men tend to get better or more high profile projects and 23 percent say men tend to be more aggressive in their compensation negotiations.

Survey Methodology

The survey was conducted online within the U.S. by Harris Interactive(R) on behalf of CareerBuilder.com among 7,960 US employees (employed full-time; not self-employed) between May 22 and June 13, 2008. Percentages for some questions are based on a subset of responses to certain questions. With a pure probability sample of 7,960, one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.0 percentage points. Sampling error for data from sub-samples is higher and varies.

About CareerBuilder.com

CareerBuilder.com is the nation's largest online job site with more than 23 million unique visitors and over 1.6 million jobs. Owned by Gannett Co., Inc. , Tribune Company, The McClatchy Company and Microsoft Corp. , the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 1,600 partners, including 140 newspapers and leading portals such as AOL and MSN. More than 300,000 employers take advantage of CareerBuilder.com's easy job postings, 28 million-plus resumes, Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in the U.S., Europe, Canada and Asia. For more information, visit http://www.careerbuilder.com/.

Media Contact: CareerBuilder.com Jennifer Grasz 773-527-1164 Jennifer.Grasz@careerbuilder.com

CareerBuilder.com

CONTACT: Jennifer Grasz of CareerBuilder.com, +1-773-527-1164,
Jennifer.Grasz@careerbuilder.com

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

Sapiens Announces Launch of Microsoft Based Technology Platform and Estimates $2 Million to $3 Million Revenues From the Product in the First Year

TEL AVIV, Israel, August 6 /PRNewswire-FirstCall/ -- Sapiens International Corporation N.V. today announced that it has launched a Microsoft and .NET based technology platform for the development of enterprise software applications. The new platform has special capabilities for the insurance and finance sector, which requires the agility and dynamic properties of the Sapiens product. The first beta customers have commenced using the new platform in Japan and Sapiens estimates that the new platform will generate between $2 million and $3 million in revenues during the first year of its launch.

According to Sapiens, the cooperation with Microsoft was created due to a market demand that the Sapiens' solution be suited to Microsoft's development and information technology (IT) environment and following synchronization of the technological roadmaps of the products of each of Sapiens and Microsoft.

The new platform broadens Sapiens' existing successful product line installed at hundreds of enterprise customers on the basis of Sapiens' flagship product, Sapiens eMerge(TM). The new platform will be included in the line of products offered by Sapiens to its enterprise customers, with special focus on the financial and insurance sectors. Sapiens eMerge(TM), is a rules-based model driven development suite which enables true agility in solution development for complex mission-critical enterprises to deliver new functionality, achieve legacy modernization and enterprise application integration.

Under this initiative Sapiens provides both its innovative model driven development environment and its' Microsoft and .NET targeted application server on windows and windows server versions and integrated with Microsoft enterprise ecosystem products like SQL server 2005, system-center and biztalk server.

Oren Dror, Vice President, Enterprise partners and customers division, Microsoft Israel, said: "The cooperation between Microsoft and Sapiens will enable the most advanced technologies of these two companies to service their respective customers and will enable them to benefit from independent development capabilities, quick response time and development costs saving. The new platform will also enable IT managers of organizations to benefit from reliable solutions which directly support mission-critical enterprises."

Roni Al-dor, President and Chief Executive Officer of Sapiens said today: "The new platform represents a breakthrough in the field of guided model development and increases Sapiens' advantage in development speed and efficiency for enterprises operating in varied environments and especially organizations in the financial and insurance sectors which are highly regulated and competitive. The partnership with Microsoft is another layer in Sapiens' strategy of an open, integrative product through its work with Unified Modelling Language (UML) and integration with the Microsoft environments."

About Sapiens International

Sapiens International Corporation N.V. (Nasdaq and TASE: SPNS), a member of Formula Group , which is a member of the Emblaze Group is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific, and has partnerships with market leaders such as IBM and EDS. Sapiens' clients include AXA, ING, Liverpool Victoria, Menora Mivtachim, Norwich Union, Occidental Fire & Casualty, OneBeacon, Principal Financial Group, Santam and Texas Farm Bureau among others. For more information, please visit http://www.sapiens.com/.

(Any statements in this press release that may be considered forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from such forward-looking statements due to the risk factors discussed in periodic reports filed by Sapiens with the Securities and Exchange Commission, which Sapiens urges investors to consider).

Company Contact: Roni Giladi Chief Financial Officer Sapiens International Tel: +972-8-938-2721 E-mail: IR.Sapiens@sapiens.com Roni Al-Dor Chief Executive Officer Sapiens International Tel: +972-8-938-2721 E-mail: IR.Sapiens@sapiens.com

Sapiens International Corporation

CONTACT: Company Contact: Roni Giladi, Chief Financial Officer, Sapiens
International, Tel: +972-8-938-2721, E-mail: IR.Sapiens@sapiens.com. Roni
Al-Dor, Chief Executive Officer, Sapiens International, Tel: +972-8-938-2721,
E-mail: IR.Sapiens@sapiens.com

Mobility for All, Minus the IT Overload - Orange Device Management Launches

LONDON, August 6 /PRNewswire/ --

- New Product Simplifies the Management of Business Device Fleets

- Update, Secure and Support Employee Devices Remotely

Orange UK today announced the launch of its Device Management service, the first product of its kind that enables businesses to effectively manage their employees' mobile devices in-house, without having to bring them into the office or contact customer services.

Orange Device Management is a simple, hosted solution that enables companies to remotely manage their device fleet, with IT managers able to send updates, troubleshoot, and even lock or wipe devices over the air. It requires no back-end server and is simple to set up and get running. Employees get the freedom to work where they like, safe in the knowledge that any issues they have can be dealt with quickly and securely without them having to come back into the office.

Orange Device Management enables businesses to make better and more efficient use of their assets. Applications no longer need to remain dormant or out of date, as IT managers can send the latest software versions directly to employees' devices. Organisations are also able to reduce the amount of time spent on support, as device problems can be diagnosed and rectified over the air.

With security of information high on the list of priorities, and remote access to business systems becoming increasingly vital, Orange Device Management gives organisations peace of mind that their information is secure. Security features include:

- Ability to remotely enforce password policies - Lock Bluetooth and camera functionality - Wipe data from a device with a personalised message explaining where the device should be returned should it be lost - Alarm unauthorised applications by sending an email to an assigned IT manager and remove unauthorised software - Logs of all activity performed on the device

Anthony Keyworth, Director of Business Products, Orange Business Services UK said: "With business mobile needs constantly evolving, it is becoming increasingly important for organisations to be able to manage their device fleet in a cost-effective and time-efficient way. Orange Device Management helps increase the productivity of the mobile workforce, as well as providing businesses with greater security for their data."

Benefits for the IT manger: - Reduces the time spent manually setting up devices - Reduces support time - Advanced protection of company information and assets - Company policies can be enforced and applications effecting device performance can be removed - Company specific settings can be applied over the air to one of several devices at the same time Benefits for the end user: - No interruption to the working day - Device problems are quickly addressed without unnecessary trips back to the office - Receive updates and new applications whilst on the move - Confidence that information sent and received is secure and that the data held on the device is protected against theft

Orange Device Management can be purchased from the Orange business sales managers. At GBP3.50 (excluding VAT) per user, per month plus data charges, the service includes dedicated support from the Orange Technical Support Team. Customers also have the option of bundling Orange Device Management with the updated Microsoft(R) Mail from Orange tariff for GBP9 (excluding VAT) per user, per month which includes a 300MB UK data allowance.

About Orange

Orange is a key brand of the France Telecom Group, providing mobile, broadband, fixed, business and entertainment services across Europe. It is one of the world's leading telecommunications operators with more than 170 million customers on five continents.

In June, 2006, Orange became the single brand for mobile, broadband and multi-play offers. In addition, Orange Business Services became the new banner for business communications solutions. Orange Business Services is present in 166 countries with network reach in 220.

In the UK, Orange provides high quality GSM coverage to 99% of the UK population. At the end of March 2008, Orange had over 16.9 million customers in the UK - 15.8 million active mobile customers and over 1.1 million broadband customers.

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

Further information about Orange can be found on the Orange website at http://www.orange.co.uk or the France Telecom group international website at http://www.orange.com and http://www.francetelecom.com

Orange Business Services

For further information, please contact Noor Kheir on +44(0)203-047-2321 or Noor.Kheir@edelman.com

Motorola Wins US$431 Million GSM Contracts With China MobileChina Mobile deploys the latest Motorola GSM solutions to increase network coverage, enhance capacity and user experience

BEIJING, Aug. 6 /PRNewswire-FirstCall/ -- Motorola, Inc. announced today it has signed multiple contracts worth US $431m with China Mobile Communications Corporation (CMCC) for its GSM network upgrades and expansion. The contracts were signed in the first half of 2008 and reflect Motorola's position as a global leader in GSM network solutions. Approximately 50% of the revenue from these contracts was recognized in the first half of 2008.

Following the US $394m contracts over the same period of last year, these multiple contracts mark another milestone of the cooperation between China Mobile and Motorola. The cooperation will enable China Mobile to expand its network coverage and manage its GSM network even more effectively; allowing the company to maximize its investment returns and to provide subscribers with enhanced services.

Under these agreements, Motorola will supply CMCC with GSM network equipment and a range of services. The expanded and optimized GSM networks will then be deployed across 16 provinces and municipalities within the coverage area of CMCC, namely Beijing, Tianjin, Sichuan, Zhejiang, Henan, Hunan, Guangdong, Yunnan, Fujian, Hubei, Shanxi, Jilin, Liaoning, Jiangxi, Anhui and Guizhou. These contracts also enable China Mobile to deliver enhanced and value-added multimedia functionality and services.

Motorola has won a number of significant GSM network expansion contracts over the past few years. Motorola's GSM is attractive for service providers in both new and mature markets. Some of the recent major contract wins include expansion contracts with VNPT Group in Viet Nam, Mobily in Saudi Arabia, and Celtel Nigeria in Nigeria. Besides, Motorola won a turnkey contract in March to deploy and manage GSM network for Zain in Saudi Arabia.

Ruey-Bin Kao, President of Motorola China, said: "Motorola has worked with China Mobile for over 20 years. As a long-term strategic partner of China Mobile, we continue to provide China Mobile with a state-of-the-art GSM network that extends its network coverage, maximizes investment and delivers the most attractive communication experience to its customers."

As the Chinese telecom industry is going through industry-wide restructuring, China's telecom operators are undergoing one of the most critical changes in history. "No matter in what direction China Mobile moves forward after the restructuring, Motorola is well-placed to provide the best migration path for both the wireless network and the core network of China Mobile," Ruey-Bin Kao continued: "Motorola would be proud to be a part of the industry growth story. As China Mobile strives to build the best-in-class future network, Motorola will make every effort to maintain and develop the long-term strategic relationship with China Mobile, doing everything we can to make our own contribution to the growth and expansion of China Mobile."

China Mobile has been playing a leading role in the development of the mobile communications industry in China and holds an important position in the international arena as well. China Mobile has the largest mobile network and subscriber base around the world. As of 31st May 2008, China Mobile has more than 400 million wireless subscribers on its nationwide network.

About China Mobile Communications Corporation

Officially established on April 20th, 2000, China Mobile Communications Corporation ("China Mobile" for short) has a registered capital of 51.8 billion RMB yuan and assets of over 400 billion RMB yuan. It fully holds the equity of China Mobile (HK) Group Limited. China Mobile Limited, of which China Mobile (HK) Group Limited is the major shareholder, set up wholly-owned subsidiaries in 31 provinces (autonomous regions and municipalities directly under the central government) in China and went public in Hong Kong and New York Stock Exchanges. Currently, in terms of its market value, China Mobile Limited is the largest among all the overseas listed Chinese companies and among all the telecom carriers in Asia.

Being included in the Fortune 500 for 7 consecutive yeas, China Mobile's latest ranking is No.180. The listed company of China Mobile has been the only Chinese company among the Forbes Top 400 World's Best Big Companies for 4 consecutive yeas. China Mobile is the only operator focusing on mobile communication operation, with the largest mobile network and subscriber base around the world. China Mobile is an official partner of the 2008 Beijing Olympic Games. For more information, please visit http://www.chinamobile.com/.

About Motorola

Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.

MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO
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PRN Photo Desk, photodesk@prnewswire.com Motorola

CONTACT: Guo Tian of Motorola China, +86-10-6564-2599,
w22130@motorola.com; or Lynn Li of Fleishman Hillard China,
+86-10-5869-1666-2609, lynn.li@fleishman.com, for Motorola

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

Siliconware Precision Industries Reports a 6.2% Quarter-over-Quarter Increase in Revenues Resulting in Earnings per Share of NT$ 0.79 or Earnings per ADS of US$ 0.13 for Second Quarter 2008

TAICHUNG, Taiwan, Aug. 6 /Xinhua-PRNewswire-FirstCall/ -- Siliconware Precision Industries Co., Ltd. ("SPIL" or the "Company") (Taiwan Stock Exchange: 2325; Nasdaq: SPIL) today announced that its sales revenues for the second quarter of 2008 were NT$ 15,852 million, which represented a 6.2% increase in revenues compared to the first quarter of 2008 and a 4.1% increase in revenues compared to the second quarter of 2007. SPIL reported a net income of NT$ 2,408 million for the second quarter of 2008, compared with a net income of NT$ 1,753 million and NT$ 3,830 million for the first quarter of 2008 and the second quarter of 2007, respectively.

Diluted earnings per ordinary share for this quarter was NT$ 0.79, and diluted earnings per ADS was US$ 0.13.

SPIL announced that its sales revenues for the first six months of 2008 were NT$ 30,783 million, which represented a 6.2% increase in revenues compared to the first six months of 2007. SPIL reported a net income of NT$ 4,161 million for the first six months of 2008, compared with a net income of NT$ 7,663 million for the first six months of 2007.

Diluted earnings per ordinary share for the first six months of 2008 was NT$ 1.36, and diluted earnings per ADS was US$ 0.22.

Operating results review: -- For the second quarter of 2008, net revenues from IC packaging were NT$ 14,446 million and represented 91% of total net revenues. Net revenues from testing operations were NT$ 1,406 million and represented 9% of total net revenues. -- Cost of goods sold was NT$ 12,573 million, representing an increase of 6.0% compared to the first quarter of 2008 and an increase of 18.7% compared to the second quarter of 2007. -- Raw materials costs were NT$ 7,100 million for the second quarter of 2008, and represented 44.8% of total net revenues, whereas raw materials costs were NT$ 6,469 million and represented 43.3% of total net revenues for the first quarter of 2008. -- The accrued expenses of bonuses to employees accounted for under cost of goods sold totaled NT$ 171 million for the second quarter of 2008. -- Gross profit was NT$ 3,279 million for the second quarter of 2008, representing a gross margin of 20.7%, which increased from a gross margin of 20.6% for the first quarter of 2008 and decreased from 30.5% for the second quarter of 2007. -- Total operating expenses for the second quarter of 2008 were NT$ 896 million, which included selling expenses of NT$ 211 million, administrative expenses of NT$ 339 million and R&D expenses of NT$ 345 million. Total operating expenses represented 5.7% of total net revenues for the second quarter of 2008. -- In the second quarter of 2008, the accrued expenses of bonuses to employees, directors and supervisors accounted for under operating expenses totaled NT$ 72 million. -- Operating income was NT$ 2,383 million for the second quarter of 2008, representing an operating margin of 15.0% for the second quarter of 2008, which increased from 14.5% for the first quarter of 2008 and decreased from 25.2% for the second quarter of 2007. -- Non-operating items: -- Net interest income was NT$ 86 million for the second quarter of 2008. -- Our net currency exchange gain of NT$ 103 million for the second quarter of 2008 was mainly due to depreciation of our US dollar denominated liabilities as a result of a depreciation in the foreign currency exchange rate of the US dollar against NT dollar, our reporting currency. -- Our net gain on long-term investment of NT$ 26 million for the second quarter of 2008 was primarily due to investment income of NT$ 15 million and NT$ 11 million from Siliconware Investment Company and SPIL BVI, respectively. -- Investment income included cash dividends of NT$ 55 from Phoenix Precision Technology. -- Net income before tax was NT$ 2,690 million for the second quarter of 2008, which increased from NT$ 1,983 million for the first quarter of 2008 and decreased from NT$ 4,512 million for the second quarter of 2007. -- Income tax expense was NT$ 282 million for the second quarter of 2008, compared with income tax expense of NT$ 230 million for the first quarter of 2008 and NT$ 682 million for the second quarter of 2007. -- Net income was NT$ 2,408 million for the second quarter of 2008, which increased from NT$ 1,753 million for the first quarter of 2008 and decreased from NT$ 3,830 million for the second quarter of 2007. -- Total number of shares outstanding was 3,050 million shares as of June 30,2008. Diluted earnings per ordinary share for this quarter was NT$ 0.79, or US$ 0.13 per ADS. Capital expenditure and balance sheet highlight: -- Our cash balances totaled NT$ 24,079 million as of June 30, 2008 from NT$ 24,296 million as of March 31, 2008, and NT$ 22,491 million as of June 30, 2007. -- As of June 30, 2008 our long-term bank loans totaled NT$ 2,986 million, compared with total long-term bank loans of NT$2,991 million as of March 31, 2008. -- Capital expenditures for the second quarter of 2008 totaled NT$ 2,760 million, which included NT$ 2,111 million for packaging equipment and NT$ 649 million for testing equipment. -- Total depreciation expenses for the second quarter of 2008 totaled NT$ 2,073 million, which included which NT$ 1,372 million was from packaging operations and NT$ 701 million from testing operations. IC packaging service: -- Net revenues from IC packaging operations were NT$ 14,446 million for the second quarter of 2008, which represented an increase of NT$ 876 million or 6.5% compared to the first quarter of 2008. -- Substrate-based packaging, leadframe-based packaging and wafer bumping & FCBGA accounted for 46%, 30% and 13%, respectively, of total net revenues for the second quarter of 2008. -- Capital expenditures for IC packaging operations totaled NT$ 2,111 million for the second quarter of 2008, which included NT$ 1,942 million for packaging and building construction and NT$ 169 million for wafer bumping operations. -- As of June 30, 2008 we had 4,506 wirebonders installed, and we disposed 137 wirebonders during the second quarter of 2008. IC testing service: -- Net revenues from testing operations were NT$ 1,406 million for the second quarter of 2008, which represented an increase of NT$ 45 million or 3.2% compared to the first quarter of 2008. -- Capital expenditures for testing operations totaled NT$ 649 million for the second quarter of 2008. -- As of June 30, 2008 we had 376 testers installed, of which 10 testers were added in the second quarter of 2008. Revenue Analysis * Breakdown by end applications: By application 2Q08 1Q08 2Q07 Computing 32% 33% 34% Communication 27% 24% 26% Consumer 22% 21% 22% Memory 19% 22% 18% * Breakdown by packaging type: By packaging type 2Q08 1Q08 2Q07 Bumping & FCBGA 13% 14% 11% Substrate Based 46% 47% 49% Leadframe Based 30% 28% 29% Testing 9% 9% 9% Others 2% 2% 2% About SPIL

Siliconware Precision Industries Ltd. ("SPIL") (Nasdaq: SPIL; Taiwan Stock Exchange: 2325) is a leading provider of comprehensive semiconductor assembly and test services. SPIL is dedicated to meeting all of its customers' integrated circuit packaging and testing requirements, with turnkey solutions that range from design consultations, modeling and simulations, wafer bumping, wafer probe and sort, package assembly, final test, burn-in, to drop ship. Products include advanced leadframe and substrate packages, which are widely used in personal computers, communications, Internet appliances, cellular phones, digital cameras, cable modems, personal digital assistants and LCD monitors. SPIL supplies services and support to fabless design houses, integrated device manufacturers and wafer foundries globally. For further information, visit SPIL's web site at http://www.spil.com.tw/ .

Safe Harbor Statement

The information herein contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. We have based these forward-looking statements on our current expectation and projections about future events. Such forward-looking statements are inherently subject to known and unknown risks, uncertainties, assumptions about us and other factors that may cause the actual performance, financial condition or results of operations of SPIL to be materially different from what may be implied by such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors, including, among other things:

-- the intensely competitive personal computer, communications, consumer ICs and non-commodity memory semiconductor industries and markets; -- cyclical nature of the semiconductor industry; -- risks associated with global business activities; -- non-operating losses due to poor financial performance of some of our investments; -- our dependence on key personnel; -- general economic and political conditions; -- possible disruptions in commercial activities caused by natural and human induced disaster, including terrorist activities and armed conflicts and contagious disease, such as the Severe Acute Respiratory Syndrome; -- fluctuations in foreign currency exchange rates; and -- other risks identified in our annual reports on Form 20-F filed with the U.S. Securities and Exchange Commission each year.

The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify a number of these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed herein might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

All financial figures discussed herein are prepared pursuant to ROC GAAP on an unaudited unconsolidated basis. Audited unconsolidated financial figures will be publicly announced upon the completion of our audit process. The investment gains or losses of our company for the three months and six months ended June 30, 2008 reflect our gains or losses attributable to the second quarter and first half of 2008 unaudited financial results of several of our investees which are evaluated under the equity method. Neither the unaudited unconsolidated financial data for our company for the three months ended June 30, 2008, nor the unaudited unconsolidated financial data for our company for the six months ended June 30, 2008 is necessarily indicative of the results that may be expected for any period thereafter.

- Financial Table to Follow - SILICONWARE PRECISION INDUSTRIES CO., LTD. UNCONSOLIDATED BALANCE SHEET As of June 30, 2008 and 2007

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

Jun 30, 2008 Jun 30, 2007 Sequential ASSETS USD NTD % NTD % Change % Cash and cash equivalent 793,626 24,078,606 27 22,490,743 26 1,587,863 7 Accounts receivable 364,948 11,072,532 13 9,745,599 11 1,326,933 14 Inventories 96,555 2,929,481 3 2,880,839 3 48,642 2 Other current assets 65,766 1,995,330 3 2,670,885 3 (675,555) -25 Total current assets 1,320,895 40,075,949 46 37,788,066 43 2,287,883 6 Long-term investments 229,668 6,968,115 8 15,013,000 17 (8,044,885) -54 Fixed assets 2,325,392 70,552,397 81 63,980,178 72 6,572,219 10 Less accumulated

depreciation (1,065,057)(32,313,818)-37 (30,018,331) - -34 (2,295,487) 8

Net fixed assets 1,260,335 38,238,579 44 33,961,847 39 4,276,732 13 Other assets 57,086 1,731,995 2 1,735,311 2 (3,316) 0 Total Assets 2,867,984 87,014,638 100 88,498,224 100 (1,483,586) -2 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Accounts payable 239,830 7,276,431 8 5,474,259 6 1,802,172 33 Current portion of long-term debt -- -- -- 108,636 -- (108,363)-100 Other current liability 677,383 20,551,789 23 15,886,596 18 4,665,193 29 Long-term loans 98,426 2,986,237 4 2,984,690 4 1,547 -- Other liabilities 3,228 97,952 -- 209,057 -- (111,105) -53 Total Liabilities 1,018,866 30,912,409 36 24,663,238 28 6,249,171 25 Stockholders' Equity Capital stock 1,013,414 30,746,975 35 29,739,667 34 1,007,308 3 Stock dividend to be distributed 25,673 778,924 1 938,761 1 (159,837) -17 Capital reserve 554,370 16,819,576 19 16,581,421 18 238,155 1 Legal reserve 167,735 5,089,066 6 3,340,131 4 1,748,935 52 Retained earnings 141,752 4,300,752 5 7,934,977 9(3,634,225) -46 Unrealized gain or loss on financial instruments (29,450) (893,517) -1 6,066,178 7(6,959,695)-115 Cumulated translation adjustment 1,801 54,637 -- 29,822 -- 24,815 83 Net loss not recognized as pension cost -- -- -- (1,787) -- 1,787 -100 Treasury stock (26,176) (794,184) -1 (794,184) -1 -- -- Total Equity 1,849,118 56,102,229 64 63,834,986 83(7,732,757) -12 Total Liabilities & Shareholders' Equity 2,867,984 87,014,638 100 88,498,224 100(1,483,586) -2 Forex (NT$ per US$) 30.34 32.86 (1) All figures are under ROC GAAP. SILICONWARE PRECISION INDUSTRIES CO., LTD. UNCONSOLIDATED INCOME STATEMENT

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

3 months ended on June 30 2Q 2008 2Q 2007 YOY change USD NTD % NTD % Revenues 522,491 15,852,384 100.0 15,233,345 4.1 Cost of Goods Sold (414,423) (12,573,587) -79.3 (10,593,407) 18.7 Gross Profit 108,068 3,278,797 20.7 4,639,938 -29.3 Operating Expenses Selling Expenses (6,959) (211,136) -1.3 (201,514) 4.8 Administrative Expenses (11,180) (339,215) -2.1 (279,954) 21.2 Research and Development Expenses (11,382) (345,327) -2.2 (322,379) 7.1 (29,521) (895,678) -5.7 (803,847) 11.4 Operating Income 78,547 2,383,119 15.0 3,836,091 -37.9 Non-operating Income 12,832 389,317 2.5 702,604 -44.6 Non-operating Expenses (2,702) (81,969) -0.5 (27,166) 201.7 Income from Continuing Operations before Income Tax 88,677 2,690,467 17.0 4,511,529 -40.4 Income Tax Credit (Expenses) (9,314) (282,577) -1.8 (681,515) -58.5 Net Income 79,364 2,407,890 15.2 3,830,014 -37.1 Earnings Per Ordinary Share- Diluted NT$ 0.79 NT$ 1.26 Earnings Per ADS- Diluted US$ 0.13 US$ 0.19 Weighted Average Outstanding Shares - Diluted ('k) 3,050,042 3,039,140 Forex ( NT$ per US$ ) 30.34 32.86 (1) All figures are under ROC GAAP. (2) 1 ADS is equivalent to 5 Common Shares. (cont.) Sequential Comparison 2Q 2008 1Q 2008 QOQ NTD NTD change % Revenues 15,852,384 14,931,222 6.2 Cost of Goods Sold (12,573,587) (11,859,789) 6.0 Gross Profit 3,278,797 3,071,433 6.8 Operating Expenses Selling Expenses (211,136) (227,024) -7.0 Administrative Expenses (339,215) (319,429) 6.2 Research and Development Expenses (345,327) (355,551) -2.9 (895,678) (902,004) -0.7 Operating Income 2,383,119 2,169,429 9.9 Non-operating Income 389,317 157,970 146.4 Non-operating Expenses (81,969) (344,436) -76.2 Income from Continuing Operations before Income Tax 2,690,467 1,982,963 35.7 Income Tax Credit (Expenses) (282,577) (230,007) 22.9 Net Income 2,407,890 1,752,956 37.4 Earnings Per Ordinary Share- Diluted NT$ 0.57 Earnings Per ADS- Diluted US$ 0.10 Weighted Average Outstanding Shares - Diluted ('k) 3,038,820 Forex ( NT$ per US$ ) 30.40 (1) All figures are under ROC GAAP. (2) 1 ADS is equivalent to 5 Common Shares. SILICONWARE PRECISION INDUSTRIES CO., LTD. UNCONSOLIDATED INCOME STATEMENT For the Six Months Ended on June 30, 2008 and 2007

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

6 months ended on June 30, 2008 and 2007 2008 2007 YOY Change USD NTD % NTD % Net Sales 1,014,621 30,783,606 100.0 28,984,342 6.2 Cost of Goods Sold (805,319) (24,433,376) -79.4 (20,537,938) 19.0 Gross Profit 209,302 6,350,230 20.6 8,446,404 -24.8 Operating Expenses Selling expenses (14,442) (438,160) -1.4 (396,097) 10.6 Administrative expenses (21,709) (658,644) -2.1 (544,117) 21.0 Research and development expenses (23,101) (700,878) -2.3 (663,162) 5.7 (59,251) (1,797,682) -5.8 (1,603,376) 12.1 Operating Income 150,051 4,552,548 14.8 6,843,028 -33.5 Non-operating Income 14,637 444,094 1.4 1,959,463 -77.3 Non-operating Expenses (10,653) (323,212) -1.0 (100,912) 220.3 Income Before Income Tax 154,035 4,673,430 15.2 8,701,579 -46.3 Income Tax Credit (Expenses) (16,895) (512,584) -1.7 (1,038,617) -50.6 Net Income 137,141 4,160,846 13.5 7,662,962 -45.7 Earnings Per Ordinary Share- Diluted NT$ 1.36 NT$ 2.54 Earnings Per ADS- Diluted US$ 0.22 US$ 0.39 Weighted Average Outstanding Shares - Diluted ('k) 3,050,042 3,039,140 Forex ( NT$ per US$) 30.34 32.86 (1) All figures are under ROC GAAP. (2) 1 ADS is equivalent to 5 Common Shares. SILICONWARE PRECISION INDUSTRIES CO., LTD. UNCONSOLIDATED STATEMENTS OF CASH FLOWS For 6 Months Ended on June 30, 2008 and 2007

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

6 months, 6 months, 2008 2007 USD NTD NTD Cash Flows from Operating Activities: Net income 136,870 4,160,846 7,662,962 Depreciation 134,569 4,090,899 3,534,979 Amortization 9,250 281,200 275,620 Gains on disposal of long-term investment -- -- (793,350) Long-term investment gain recognized by equity method (1,386) (42,130) (402,567) Compensation interest payable on bonds payable -- -- 36 Foreign currency exchange gain on bonds payable -- -- 34,367 Change in working capital & others 13,899 422,519 75,674 Net cash flows provided from operating activities 293,202 8,913,334 10,387,721 Cash Flows from Investing Activities: Acquisition of property, plant, and equipment (182,099) (5,535,821) (4,895,830) Increase on financial instruments -- -- (2,523,529) Proceeds from disposal of long-term investment -- -- 6,289,854 Payment for long-term investment (626) (19,032) -- Payment for deferred charges/other changes (6,926) (210,542) 5,420 Net cash used in investing activities (189,651) (5,765,395) (1,124,085) Cash Flows from Financing Activities: Remuneration of directors and supervisors' bonuses -- (157,404) (120,798) Proceeds from the exercise of employee stock option /other charges (1,338) (40,683) (5,029) Net cash provided from financing activities (6,516) (198,087) (125,827) Net increase (decrease) in cash and cash equivalents 97,035 2,949,852 9,137,809 Cash and cash equivalents at beginning of period 695,025 21,128,754 13,352,934 Cash and cash equivalents at end of period 792,059 24,078,606 22,490,743 Forex (NT$ per US$) 30.34 32.86 (1): All figures are under ROC GAAP. Contact: Siliconware Precision Industries Co., Ltd. No.45, Jieh Show Rd. Hsinchu Science Park, Hsinchu Taiwan, 30056 http://www.spil.com.tw/ Janet Chen, IR Director Tel: +886-3-5795678 #3675 Email: janet@spil.com.tw Byron Chiang, Spokesperson Tel: +886-3-5795678 #3671 Email: byronc@spil.com.tw

Siliconware Precision Industries Co., Ltd.

CONTACT: Janet Chen, IR Director, +886-3-5795678 #3675, or
janet@spil.com.tw, or Byron Chiang, Spokesperson+886-3-5795678 #3671, or
byronc@spil.com.tw, both for Siliconware Precision Industries Co., Ltd.

Web site: http://www.spil.com.tw/

Norway's Largest Financial Services Organization Selects Entrust Zero-touch Fraud Detection Solution

DALLAS, August 6 /PRNewswire/ --

- DnB NOR known for strong security, strengthens commitment to protect customers

DnB NOR, the largest financial institution in Norway, is one of the region's few financial services organizations that has not suffered significant loss from identity theft or related fraud. To elevate that standard, prevent fraud and protect the identities of customers online, DnB NOR aligned their comprehensive security strategy with Entrust, Inc. (Nasdaq: ENTU) and the zero-touch fraud detection component of the Entrust Risk-based Authentication Solution.

"Our organization's goal was to implement a seamless fraud detection strategy that wouldn't require invasive integration with back-end applications -- this solution enabled us to do just that," said Sofie Nystrom, Chief Information Security Officer at DnB NOR. "The fact that we could keep all of our data in-house -- versus shipping it offsite -- was an important capability. This initiative perfectly aligns with our strong commitment to online security for our customers."

As key components of the Entrust Risk-based Authentication Solution, DnB NOR will leverage the real-time fraud detection and historical analysis capabilities of Entrust. These tools, coupled with critical data from the Entrust Open Fraud Intelligence Network (OFIN), help protect consumer online transactions from fraud. These capabilities enable organizations to collect data to help identify current and future potential fraud attacks before they happen -- all in real-time.

With total assets of more than $308 billion (USD), DnB NOR serves more than 2.5 million customers worldwide. The bank will leverage the Entrust solution -- for more than 1.7 million users -- to protect private-, corporate- and consumer-banking customers online.

"As one of the largest financial services groups in the Nordic region, DnB NOR had a high security standard for their customers, shareholders and brand image," said Entrust Chairman, President and Chief Executive Officer Bill Conner. "The zero-touch fraud detection capability not only helps meet their current security objectives, but allows them to study key fraud data to help prevent fraud attacks in the future and potentially address them before they even occur. This is a proactive strategy for a financial institution already known for stringent, yet non-invasive, security solutions and policies."

The Entrust Open Fraud Intelligence Network is an information-sharing service designed to help combat online fraud by consolidating and sharing key fraud behavior patterns and data among network participants. It is focused on providing participating members the latest fraud behaviors and tactics, as well as key data for helping to detect and combat fraud as it evolves. The Entrust Open Fraud Intelligence Network is a key component of Entrust's layered security architecture.

Established as Christiania Sparebank in 1822, DnB NOR (OSE: DNBNOR) is Norway's largest financial services group with total combined assets of more than $308 billion (USD). The group's current name stems from a 2003 merger between Den norske Bank (DnB) and Gjensidige NOR. Today, the group consists of strong brands such as DnB NOR, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson. Represented in more than 20 countries, DnB NOR services 2.3 million retail customers and 198,000 corporate accounts. The group also operates Norway's largest Internet banks -- dnbnor.no and postbanken.no -- by servicing more than 1.4 million users.

About Entrust

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

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

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

Entrust, Inc.

Brooke Hamilton, Media Relations of Entrust, Inc., +1-972-713-5915, brooke.hamilton@entrust.com; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060720/NYTH074LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

Le plus grand groupe norvégien de services financiers choisit la solution Zero-Touch Fraud Detection d'Entrust

DALLAS, August 6 /PRNewswire/ --

- Réputé pour son excellente stratégie de sécurité, le groupe DnB NOR renforce la protection de ses clients

DnB NOR, le plus grand groupe financier de Norvège, est l'un des rares prestataires de services financiers à n'avoir subi aucune perte majeure due à des vols d'identité ou à des fraudes du mÃªme type. Afin de se prémunir davantage contre ces risques, d'empÃªcher les fraudes et de protéger les identités des clients en ligne, DnB NOR a mis sa stratégie exhaustive de sécurité en adéquation avec celle d'Entrust, Inc. (Nasdaq: ENTU) en optant pour le composant Zero-Touch Fraud Detection de sa solution Risk-Based Authentication.

<< Notre groupe cherchait à mettre en oeuvre une stratégie transparente de détection des fraudes sans intégration à des applications dorsales. Cette solution nous a permis d'atteindre cet objectif >>, explique Sofie NystrÃ¸m, responsable de la sécurité des systèmes informatiques chez DnB NOR. << Le fait de pouvoir conserver l'ensemble de nos données en interne - au lieu de devoir les envoyer à l'extérieur - représentait un critère essentiel. Cette initiative entre parfaitement dans le cadre de notre engagement indéfectible consistant à assurer la sécurité en ligne de nos clients. >>

La solution Risk-Based Authentication d'Entrust apporte à DnB NOR deux fonctionnalités clés : la détection des fraudes en temps réel et l'analyse historique. Alliés aux données essentielles de l'OFIN (réseau ouvert de renseignement sur les fraudes) d'Entrust, ces outils contribuent à protéger les transactions en ligne des clients. Ces fonctionnalités permettent aux entreprises de recueillir des données afin de pouvoir identifier en temps réel les tentatives potentielles de fraudes actuelles et futures avant qu'elles ne puissent nuire.

Doté d'un actif total supérieur à 308 milliards de dollars, DnB NOR compte plus de 2,5 millions de clients à travers le monde. La banque exploitera la solution Entrust afin de protéger plus de 1,7 millions d'utilisateurs de ses services en ligne destinés aux particuliers, aux clients et aux entreprises.

<< Comptant parmi les plus grands groupes de services financiers de Scandinavie, DnB NOR avait instauré une norme stricte de sécurité pour protéger ses clients, ses actionnaires et son image de marque >>, précise Bill Conner, le PDG d'Entrust. << La fonctionnalité Zero-Touch Fraud Detection aide le groupe à concrétiser ses objectifs tout en lui permettant d'étudier les principaux composants des opérations de fraude, ce qui lui permet de se prémunir contre les attaques futures et de les combattre avant mÃªme qu'elles ne se déclarent. Cette stratégie proactive est particulièrement adaptée à une institution financière comme la nôtre, réputée pour ses politiques et ses solutions de sécurité rigoureuses mais néanmoins non invasives. >>

L'OFIN d'Entrust est un réseau de partage d'informations destiné à lutter contre les fraudes en ligne grâce au regroupement et à l'échange des principaux modèles et données d'ordre comportemental entre les participants. Ces derniers sont ainsi tenus informés des derniers comportements et stratégies de fraude, et bénéficient de données essentielles leur permettant de détecter et de combattre la progression des fraudes. L'OFIN représente un composant clé de l'architecture de sécurité par couche d'Entrust.

Fondée en 1822 sous le nom de Christiania Sparebank, la banque DnB NOR (OSE : DNBNOR) est aujourd'hui la plus grande institution financière de Norvège et affiche un actif total supérieur à 308 milliards de dollars. Le groupe, qui doit son nom actuel à la fusion qui a uni Den norske Bank (DnB) et Gjensidige NOR en 2003, se compose aujourd'hui de marques reconnues telles que DnB NOR, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD et Carlson. Présent dans plus de 20 pays, le groupe DnB NOR compte 2,3 millions de clients et 198 000 comptes d'entreprise. Il exploite également les principales banques norvégiennes sur Internet - dnbnor.no et postbanken.no - desservant plus de 1,4 millions d'utilisateurs.

Ã€ propos d'Entrust

Spécialisée dans la sécurisation des informations et des identités numériques pour les particuliers, les entreprises et les institutions gouvernementales, la société Entrust (Nasdaq : ENTU) opère au sein de plus de 1 700 structures réparties dans 60 pays. Les solutions Entrust adoptent une approche de sécurité par couche pour faire face à des risques croissants et contribuent ainsi à sécuriser les principales vulnérabilités des entreprises en termes de protection des informations et des identités numériques. Il s'agit notamment du protocole SSL, de l'authentification, de la détection de fraudes, de la protection des données partagées et de la sécurité des e-mails. Pour obtenir de plus amples informations, appelez le +1-888-690-2424, envoyez un e-mail à l'adresse entrust@entrust.com ou visitez le site http://www.entrust.com.

Entrust est une marque déposée d'Entrust, Inc. aux Ã‰tats-Unis et dans d'autres pays. Au Canada, Entrust est une marque déposée d'Entrust Limited. Tous les noms de produits Entrust sont des marques de commerce ou des marques déposées d'Entrust, Inc. ou d'Entrust Limited. Tous les autres noms de produits ou d'entreprises sont des marques de commerce ou des marques déposées appartenant à leurs propriétaires respectifs.

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

Entrust, Inc.

Pour en savoir plus : Brooke Hamilton, Media Relations d'Entrust, Inc., +1-972-713-5915, brooke.hamilton@entrust.com. Foto: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060720/NYTH074LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

Telecom Argentina S.A. Announces Consolidated Six-Month Period ('1H08') and Second Quarter Results for Fiscal Year 2008 ('2Q08')*

BUENOS AIRES, Argentina, Aug. 5 /PRNewswire-FirstCall/ -- Telecom Argentina (BASE: TECO2, NYSE: TEO), one of Argentina's leading telecommunications groups, announced today a Net Income of P$613 million for the six-month period ended June 30, 2008, or +58% when compared to same period of the previous year, which included P$102 million that resulted from discontinued operations.

-- Telecom Argentina Group continued the expansion of its business in the six-month period ended June 30, 2008. Net Revenues grew 20% when compared to same period of the previous year ("1H07"), amounting to P$5,051 million. Revenues generated by the Cellular business grew 26% and by the Internet business 36%. -- The cellular subscribers totaled 13.1 million (+16%), while broadband subscribers reached 902,000 (+50%). Fixed lines in service also increased by 3% to 4.3 million. -- Operating Profit before Depreciation and Amortization ("OPBDA") reached P$1,687 million (+19% vs. 1H07), equivalent to 33% of Net Revenues, mainly fueled by the cellular telephony growth. On the contrary, fixed telephony profitability continues to weaken due to frozen tariffs of regulated services and the inflation effect on the cost structure. -- Operating Profit amounted P$1,049 million (+44%), equivalent to 21% of Net Revenues (+400 bps. vs. 1H07). -- Net Income reached P$613 million (+58% vs. 1H07). -- Investments (excluding materials) totaled P$716 million during 1H08 (+67% vs. 1H07), where P$337 million were allocated to fixed telephony (+48% vs. 1H07). -- Net Financial Debt (before NPV effect) declined to P$1,330 million (-P$1,455 million vs. June 2007). The Net Financial Debt to OPBDA ratio declined from 1.0x as of the end of June 2007, to 0.4x as of the end of June 2008. -- On May 15, 2008 Standard & Poor's International Ratings LLC upgraded the long-term debt rating of Telecom Argentina and Telecom Personal to AA- from A+ on the local scale. * Non-Financial data audited As of June 30 2008 2007 change % change Consolidated Net Revenues (in MM P$) 5,051 4,202 849 20% Voice, Data & Internet 1,764 1,589 175 11% Cellular 3,287 2,613 674 26% Operating Profit before D&A (in MM P$) 1,687 1,414 273 19% Operating Profit (in MM P$) 1,049 727 322 44% Net Income (in MM P$) 613 387 226 58% Shareholder's equity (in MM P$) 3,677 2,511 1,166 46% Net Financial Debt - Before NPV effect (in MM P$) 1,330 2,785 (1,455) -52% Net Financial Debt - Book value (in MM P$) 1,299 2,671 (1,372) -51% CAPEX (in MM P$) 716 429 287 67% Lines in service (Fixed lines - in thousands) 4,253 4,138 115 3% Cellular customers (in thousands) 13,125 11,286 1,839 16% Personal (Argentina) 11,379 9,881 1,498 15% Nucleo (Paraguay) 1,746 1,405 341 24% ADSL customers (in thousands) 902 602 301 50% Fixed line traffic (in MM minutes, Internet & Public Telephony not incl.) 8,036 8,220 (183) -2% Incoming/Outgoing cellular voice traffic in Arg.(in MM minutes) 5,536 4,589 947 21% Average Revenue per user (ARPU) Fixed Telephony/voice (in P$) 39 38 - 0% Average Revenue per user (ARPU) Cellular Telephony Arg. (in P$) 40 37 3 8%

During 1H08, Consolidated Net Revenues increased by 20% (+P$849 million vs. 1H07) to P$5,051 million, mainly fueled by the cellular and broadband businesses.

Moreover, OPBDA increased by 19% (+P$273 million) to P$1,687 million (33% of Consolidated Net Revenues).

Company Activities Consolidated Net Revenues

The evolution in Consolidated Net Revenues by reportable segment was as follows:

Voice, Data Transmission & Internet

During the first six-month period of 2008, revenues generated by these services amounted to P$1,764 million, +11% vs. 1H07.

Voice

Total Revenues for this service reached P$1,322 million (+5% vs. 1H07). The results of this line of business are still affected by frozen tariffs of regulated services.

During this three-month period, Telecom continued with the marketing of innovative handsets and equipment and value-added services, which before were available only for cellular telephony such as fixed SMS services and video calls. An example is the fixed-line handset that integrates photo frame, video and MP3. Bundling promotions of equipments plus SMS packages were also successfully marketed. Other offered products combine voice minutes packages and broadband internet access.

Moreover, during this period, Telecom continued with the deployment of the next generation network (NGN) in its fixed telephony network that will allow the offering of convergent state-of-the-art services.

Simultaneously, Telecom set up a project oriented to improve the quality of voice and data transmission services.

Monthly Charges and Supplementary Services increased by P$27 million, or 7%, to P$393 million, as a consequence of a higher number of lines in service (+3%), reaching 4.3 million of lines.

Revenues generated by traffic (Local Measured Service, Domestic Long Distance and International Telephony) totaled P$605 million, an increase of 1% vs. 1H07, partially affected by a slight decrease in local traffic volume.

Interconnection revenues amounted to P$190 million (+9%), mainly as a consequence of traffic originated in cellular lines but transported by and terminated in the Company's fixed-line network.

Other revenues, including public telephony reached P$134 million (+12% vs. 1H07). This amount is the consequence of an increase in billing and collection fees as well as voice, data and internet handset sales despite a decrease in Public Telephony revenues (-P$15 million).

Data Transmission and Internet

Revenues generated by Data transmission amounted to P$103 million, (+27% vs. 1H07).

Related to the corporate market, during 2Q08, Telecom continued enhancing its position as integrated provider of innovative ICT solutions or Information and Communication Technology, conceived to satisfy specific needs from each business segments, medium and large companies and oriented to contribute in the improvement of governmental administration at the different national, provincial and municipal levels.

In addition, Telecom Argentina was selected by the provincial government of Corrientes to implement the 911 Urban Emergencies Integral Management System and the Control & Tracing Urban System in the city of Corrientes. Both systems are turnkey integral solutions that include the reception and administration of police emergencies as well as the control and video- surveillance tracking. The solution also includes the subsequent capitalization of statistic information and capture of images in order to optimize the human and material resources and delinquency preventive actions.

Revenues related to Internet reached P$339 million (+36% vs. 1H07), mainly due to the substantial expansion of broadband service, driven by better network coverage, commercial promotions and innovation of the service portfolio.

Telecom recently renewed the offer of broadband products with two innovative options: one is Arnet Recargable (Arnet Rechargeable), the first internet service in the market that is prepaid and without monthly charge. The other product is Arnet Go, which makes possible both in-house broadband access and mobile internet. This is the first broadband service that combines ADSL technology with the benefit coming from the domestic internet access by Wi-Fi modem and the mobile internet access through Telecom Personal's 3G network.

Moreover, as part of the CSR (Corporate Social Responsibility) program, Telecom participates in the initiative Internet en Familia (Family Internet), developed by the National Ministry of Education, oriented to making parents aware of the importance of monitoring their children when they use internet. Telecom, as a company that supports the development of internet in Argentina, promotes the responsible use of this tool, which not only changes adult communication habits, but also that of today's youth, who were born into the modern technological world.

Telecom's broadband subscribers reached 902,000 as of June 30, 2008 (+50% vs. 1H07). Therefore, lines with this type of connection represent approximately 21% of Telecom's fixed-lines in service.

Cellular Telephony

Cellular Telephony continues with its expansion, increasing its participation in the Group's total revenues (65% vs. 62% in 1H07 and 0.5 million or 5% vs. 1Q08). During 1H08, this business generated revenues of P$3,287 million (+26% vs. 1H07). As of the end of June 2008 total subscribers reached 13.1 million.

Telecom Personal in Argentina

As of the end of June 2008, Personal's subscribers reached 11.4 million in Argentina (+1.5 million or +15% vs. 1H07). Approximately 66% of the overall subscriber base is prepaid and 34% is postpaid.

Total voice traffic increased by 21% vs. 1H07 while outgoing SMS traffic increased from a monthly average of 784 million messages in 1H07 to 1,062 million (+35%) in 1H08. Because of this enhancement in traffic and the use of value-added services, the Average Monthly Revenue per User ("ARPU") increased to P$40 in 1H08, compared to P$37 in 1H07.

Revenues totaled P$3,072 million (+P$636 million or +26% vs. 1H07). Service revenues increased by P$580 million or 27% vs. 1H07, reaching P$2,749 million; furthermore, value-added services totaled P$790 million (+P$249 million or 46%, vs. 1H07), 29% of service revenues. In addition, handset sales grew by P$56 million (+21%) compared to 1H07, reaching P$323 million.

During 2Q08, Personal continued focusing its commercial efforts in customer caring outreach as well as in offers to stimulate consumption by existing clients.

Moreover, an upgrade handset campaign was implemented, helping clients to use the wide variety of value-added services offered by the company.

For the retail segment, Personal launched a line of packages for calls, SMS messages and internet, all within an innovative and flexible offer oriented to satisfy the client's communication needs yet without changing the subscriber's current plan. The launch, also furthered by the national communication campaign under the idea "Personal te conviene" (Personal suits you), was accepted positively by the market.

Regarding the corporate segment, "Personal Soluciones Express" (Personal Express Solutions) was introduced, an application oriented to SME's and large company sales forces. This tool covers connectivity and on-line information exchange needs among the company and its in-field personnel.

Personal also implemented a campaign oriented to expanding BlackBerry use permitting the increase of smartphone sales in customer offices.

In addition, Personal continued the expansion of its commercial network by opening two new customer offices (one in Posadas and the other in Bahia Blanca), together with extension of 3G network coverage. Also, the remaining client migration from TDMA to GSM technology ended in June 2008.

Nucleo

Personal's controlled subsidiary that operates in Paraguay generated revenues equivalent to P$215 million during 1H08 (+21% vs. 1H07).

By the end of June 2008, the subscriber base reached approximately 1.7 million, +24% vs. 1H07. Prepaid and Postpaid customers represented 90% and 10%, respectively.

Consolidated Operating Costs

The Cost of Services Provided, Administrative Expenses and Selling Expenses totaled P$4,002 million in 1H08, which represents an increase of P$527 million, or +15%, vs. 1H07.

The cost breakdown is as follows:

-- Salaries and Social Security Contributions: totaled P$563 million (+22%), affected by increases in salaries and, marginally, in personnel (+364 employees vs. 1H07).

-- Taxes: reached P$402 million (+25%), in line with the general evolution of revenues.

-- Agents and Prepaid Card Commissions: were P$350 million (+3%), mainly due to the increase in prepaid card commissions, partially compensated by reduction in total commission paid to commercial agents.

-- Advertising: amounted P$190 million (+48%) oriented to strengthen institutional brand and to support the commercial activity in the cellular telephony and internet.

-- Cost of handsets sold: totaled P$448 million (+9%) mainly due to increased handset unit cost. Despite this, handset subsidy represented P$102 million (-P$32 million vs. 1H07).

-- TLRD and Roaming: P$449 million (+29%) due to increased traffic among cellular operators.

-- Depreciation of Fixed and Intangible Assets: reached P$ 638 million (-7% vs. 1H07). Fixed-line telephony totaled P$391 million (-7%) and Cellular telephony P$247 million (-8%), due to TDMA technology depreciation charges ended in 1H08.

Consolidated Financial and Holding Results

Financial and Holding Results resulted in a loss of P$8 million, (-P$210 million vs. 1H07). Such improvement was due to positive effect of foreign currency exchange generated by liabilities and a reduction in net interests.

Consolidated Net Financial Debt

As of June 30, 2008, Net Financial Debt (Loans before the effect of NPV valuation, minus Cash, Cash Equivalents and Other credits from derivative Investments) amounted to P$1,330 million, a reduction of P$1,455 million as compared to June 2007.

In April 2008, Telecom Argentina made a principal payment of Notes in the amount equivalent to $822 million. Consequently, it has cancelled up to 45% of the principal amortization payment scheduled for October 15, 2011.

In addition, on May 15, 2008, Standard & Poor's International Ratings LLC upgraded the long-term debt rating of Telecom Argentina and Telecom Personal to AA- from A+ on the Local Scale.

Consolidated Capital Expenditures

During 1H08, the Company invested P$716 million (excluding materials), in fixed and intangibles assets. This amount was allocated to the Voice, Data and Internet businesses (P$337 million) and the cellular business (P$379 million).

Main capex projects are related to the expansion of broadband services and to the upgrade of the network for next generation services (NGN), the improvement of the network (capacity, coverage and 3G), and the launch of new and innovative value-added services.

Other Commercial Initiatives

Telecom, as Official Sponsor of Argentine Olympic Committee Beijing 2008, will provide communication and networking technology that will accompany the Argentina Olympic Mission. Such technology will not only assist in logistic issues related with the games (check in, medical schedule requirement, meeting schedule, among others) but will also permit athletes to be closer to their relative and friends, receiving their support which is the key to their physical preparation.

Recent Relevant Matters

Cubecorp Argentina S.A. ("Cubecorp) Acquisition: On July 15, 2008 Telecom acquired the shares of Cubecorp for a maximum amount of US$ 35 million (subject to a price adjustment process). As of the date of the Financial Statements, Telecom has transferred 5% of such shares to Telecom Personal S.A.

Within the brand positioning of the Company as an integrated ICT solutions provider for the corporate wholesale segment and for Government segment Telecom acquires with Cubecorp a Data Center that provides IT world class outsourcing services which include: equipment, connectivity, information security, monitoring, storage, backboard and data recovery, support, operation and administration.

Consequently, with this acquisition Telecom strengthens its market position, while it can count with world class infrastructure in Data Center services, which permits it to offer its clients high reliability, availability and scalability customized to their needs.

Telecom is the parent company of a leading telecommunications group in Argentina, where it offers directly or through its controlled subsidiaries local and long distance fixed-line telephony, cellular, data transmission and Internet services, among other services. Additionally, through a controlled subsidiary, the Telecom Group offers cellular services in Paraguay. The Company commenced operations on November 8, 1990, upon the Argentine government's transfer of the telecommunications system in the northern region of Argentina.

Nortel Inversora S.A. ("Nortel"), which acquired the majority of the Company from the Argentine government, holds 54.74% of Telecom's common stock. Nortel is a holding company where the common stock (approximately 68% of capital stock) is owned by Sofora Telecomunicaciones S.A. Additionally, Nortel capital stock is comprised of preferred shares that are held by minority shareholders.

As of June 30, 2008, Telecom had 984,380,978 shares outstanding. For more information, please contact the Investor Relations Department: Pedro Insussarry 54-11-4968-3743 Solange Barthe Dennin 54-11-4968-3752 Evangelina Sanchez 54-11-4968-3718 Ruth Fuhrmann 54-11-4968-4448 Voice Mail: 54-11-4968-3628 Fax: 54-11-4313-5842 E-mail: relinver@ta.telecom.com.ar For information about Telecom Group services, visit: http://www.telecom.com.ar/ http://www.personal.com.ar/ http://www.personal.com.py/ http://www.arnet.com.ar/ Disclaimer

This document may contain statements that could constitute forward-looking statements, including, but not limited to, the Company's expectations for its future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity and capital structure; the effects of its debt restructuring process; the impact of emergency laws enacted by the Argentine Government; and the impact of rate changes and competition on the Company's future financial performance. Forward-looking statements may be identified by words such as "believes," "expects," "anticipates," "projects," "intends," "should," "seeks," "estimates," "future" or other similar expressions. Forward-looking statements involve risks and uncertainties that could significantly affect the Company's expected results. The risks and uncertainties include, but are not limited to, the impact of emergency laws enacted by the Argentine government that have resulted in the repeal of Argentina's Convertibility law, devaluation of the peso, various changes in restrictions on the ability to exchange pesos into foreign currencies, and currency transfer policy generally, the "pesification" of tariffs charged for public services, the elimination of indexes to adjust rates charged for public services and the Executive branch announcement to renegotiate the terms of the concessions granted to public service providers, including Telecom. Due to extensive changes in laws and economic and business conditions in Argentina, it is difficult to predict the impact of these changes on the Company's financial condition. Other factors may include, but are not limited to, the evolution of the economy in Argentina, growing inflationary pressure and evolution in consumer spending and the outcome of certain legal proceedings. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as the date of this document. The Company undertakes no obligation to release publicly the results of any revisions to forward-looking statements which may be made to reflect events and circumstances after the date of this press release, including, without limitation, changes in the Company's business or to reflect the occurrence of unanticipated events. Readers are encouraged to consult the Company's Annual Report on Form 20-F, as well as periodic filings made on Form 6-K, which are filed with or furnished to the United States Securities and Exchange Commission for further information concerning risks and uncertainties faced by Telecom.

Telecom Argentina S.A.

CONTACT: Pedro Insussarry, +011-54-11-4968-3743, Solange Barthe Dennin,
+011-54-11-4968-3752, Evangelina Sanchez, +011-54-11-4968-3718, or Ruth
Fuhrmann, +011-54-11-4968-4448, all of Telecom Argentina, or Voice Mail,
+011-54-11-4968-3628, Fax, +011-54-11-4313-5842, relinver@ta.telecom.com.ar

Web site: http://www.telecom.com.ar/
http://www.personal.com.ar/
http://www.personal.com.py/
http://www.arnet.com.ar/