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Companies news of 2008-08-13 (page 1)

  • Intrusion Inc. Achieves Profitability in Second Quarter
  • Trade Promotion Effectiveness Study to be Focus of DemandTec Webinar September 18,...
  • AXS-One Reports Second Quarter 2008 Financial Results
  • Document Capture Technologies Second Quarter 2008 Financial ResultsAchieves $0.04 in GAAP...
  • Synergx Systems Inc. Announces Third Quarter and Nine Month Results
  • inTEST Reports Second Quarter 2008 Results
  • Spreadtrum Communications, Inc. Announces Second Quarter 2008 Results
  • Florida, Mass., Consumers Now Have High-Speed Access to the InternetVerizon Launches...
  • Think Services' ACCE 2008 to Feature Jam-Packed Agenda and Renowned Industry SpeakersThe...
  • Aon eSolutions Launches Clinical Trials ModuleProvides risk managers with comprehensive...
  • Lockheed Martin to Develop Data Sharing Technologies for Office of Naval ResearchCompany...
  • SpectraScience Awarded Patent for Correcting Image Misalignment
  • Moms Say Math is the Most Important Skill for a Child's Future SuccessWorking Mother and...
  • CSC Introduces Web Service to Expedite Help to Homeowners Facing ForeclosureCSC Responds...
  • Medialink To Report Second Quarter 2008 Results on August 14
  • Woodinville, Wash., Awards Video Franchise to VerizonVote Paves the Way for Innovative,...
  • Live and Mobile: MTV and Flixwagon Deliver 6 Million Video Streams To Jonas Brothers Fans...
  • LocatePLUS Announces Q2 Unaudited ResultsIssues letter to Shareholders and Schedules...
  • SonicWALL Reports Inducement Grants Under Nasdaq Marketplace Rule 4350
  • comScore Ranked as Fastest Growing Company Among 20 Largest Global Market Research...
  • Carrier Corp. Secures Nearly 70 Percent of HVAC Contracts for Beijing Games
  • Ibbotson Selected by ING Financial Advisers to Create Model Portfolios for Active ETF...
  • Integral Systems Announces Stock SplitBoard approves stock split to be effected as stock...
  • /C O R R E C T I O N -- AT&T Inc./In the news release, AT&T (NYSE: T) and North Haven...
  • On2 Technologies Announces Rescheduled Date for Second Quarter Financial Results Release...
  • Groupe Moniteur Creates Powerful Platform to Manage All Digital AssetsThe French publisher...
  • Verizon FiOS TV Customers Get Sneak Peek of New Disney Channel Original Movie 'The Cheetah...
  • IXI Mobile Reports Board of Directors Decides on Change in Strategic Focus and Cost...
  • Playlogic Reports 1st HY Results 2008



    Intrusion Inc. Achieves Profitability in Second Quarter

    RICHARDSON, Texas, Aug. 13 /PRNewswire-FirstCall/ -- Intrusion Inc. (BULLETIN BOARD: INTZ) , ("Intrusion") announced today financial results for the three and six months ended June 30, 2008.

    Intrusion's net income was $41 thousand in the second quarter 2008 compared to a $0.5 million net loss for the second quarter 2007.

    Revenue for the second quarter 2008 was $1.3 million compared to $1.0 million for the second quarter 2007.

    Gross profit margin was 66 percent of revenue in the second quarter of 2008 compared to 61 percent of revenue in the second quarter of 2007.

    Intrusion's second quarter 2008 operating expenses were $0.8 million, compared to $1.1 million for the second quarter 2007.

    As of June 30, 2008, Intrusion reported cash and cash equivalents of $0.2 million, working capital of $(1.3) million and debt of $1.2 million.

    "Revenue increased 28%, gross profit margin increased from 61% to 66% and operating expenses decreased 31% in the second quarter of 2008 compared to the second quarter of 2007. These positive achievements resulted in net income for the second quarter of 2008," stated G. Ward Paxton, Chairman, President and CEO of Intrusion. "The growth in revenue and profit in the second quarter was primarily driven by the $2.5 million of orders booked in the first half of the year. We entered the third quarter with a backlog of $1.0 million," Paxton concluded.

    Intrusion's management will host its regularly scheduled quarterly conference call to discuss the Company's financial and operational progress at 4:00 P.M., CDT today. Interested investors can access the call at 1-800-399-2043 (if outside the United States, 1-706-634-5518). For those unable to participate in the live conference call, a replay will be accessible beginning today at 7:00 P.M., CDT until August 20, 2008 by calling 1-800-642-1687 (if outside the United States, 1-706-645-9291). At the replay prompt, enter conference identification number 58845317. Additionally, a live and archived audio webcast of the conference call will be available at http://www.intrusion.com/.

    About Intrusion Inc.

    Intrusion Inc. is a global provider of regulated information compliance, entity identification systems, data privacy protection products, and network intrusion prevention and detection solutions. In addition, Intrusion offers deployment technologies along with security services for the information-driven economy. Intrusion's product families include the Compliance Commander(TM) for regulated information compliance, data privacy protection and identity theft prevention, TraceCop(TM) identification and location service, Intrusion SpySnare(TM) for real-time inline blocking of spyware and unwanted P2P applications, and Intrusion SecureNet(TM) for network intrusion prevention and detection. Intrusion's products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit http://www.intrusion.com/.

    This release, other than historical information, may include forward-looking statements regarding future events or the future financial performance of the Company. Such statements include, without limitations, statements regarding future revenue growth and profitability, as well as other statements. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: the difficulties in forecasting future sales caused by current economic and market conditions, the effect of military actions on government and corporate spending on information security products, spending patterns of, and appropriations to, U.S. government departments, the impact of our cost reduction programs and our refocused product line, the difficulties and uncertainties in successfully developing and introducing new products in emerging markets, market acceptance of our products, the impact of our sustained losses on our ability to successfully operate and grow our business, our stock price and the recent loss of our Nasdaq listing, our ability to generate sufficient cash flow or obtain additional financing on acceptable terms in order to fund ongoing liquidity needs, the highly competitive market for our products, the effects of sales and implementation cycles for our products on our quarterly results, difficulties in accurately estimating market growth, the consolidation of the information security industry, the impact of changing economic conditions, business conditions in the information security industry, our ability to manage acquisitions effectively, the impact of market peers and their products as well as risks concerning future technology and others identified in our Annual Report on Form 10-KSB, as amended, and other Securities and Exchange Commission filings. These filings can be obtained by contacting Intrusion Investor Relations.

    Financial Contact Michael L. Paxton, VP, CFO 972.301.3658, mpaxton@intrusion.com INTRUSION INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands except par value amounts) June 30, December 31, 2008 2007 ASSETS Current Assets: Cash and cash equivalents $212 $362 Accounts receivable, net of allowance for doubtful accounts of $40 in 2008 and 2007 554 110 Inventories, net 83 146 Prepaid expenses 64 75 Total current assets 913 693 Property and equipment, net 121 144 Other assets 39 39 TOTAL ASSETS $1,073 $876 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Line of credit $- $100 Loan payable to officer 1,180 - Accounts payable and accrued expenses 736 688 Deferred revenue 266 312 Total current liabilities 2,182 1,100 Stockholders' Deficit: Preferred stock, $.01 par value: Authorized shares - 5,000 Series 1 shares issued and outstanding - 260 Liquidation preference of $1,347 as of June 30, 2008 918 918 Series 2 shares issued and outstanding - 460 Liquidation preference of $1,184 as of June 30, 2008 724 724 Series 3 shares issued and outstanding - 354 in 2008 Liquidation preference of $795 as of June 30, 2008 504 504 Common stock, $.01 par value: Authorized shares - 80,000 Issued shares - 11,648 Outstanding shares - 11,638 116 116 Common stock held in treasury, at cost - 10 shares (362) (362) Additional paid-in capital 55,475 55,527 Accumulated deficit (58,305) (57,472) Accumulated other comprehensive loss (179) (179) Total stockholders' deficit (1,109) (224) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $1,073 $876 INTRUSION INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenue $1,283 $1,003 $1,746 $2,095 Cost of revenue 440 393 620 814 Gross profit 843 610 1,126 1,281 Operating expenses: Sales and marketing 361 504 732 1,019 Research and development 195 388 710 811 General and administrative 230 248 496 475 Operating income (loss) 57 (530) (812) (1,024) Interest income (expense), net (16) (1) (22) 1 Other income - 1 - 1 Income (loss) before income taxes 41 (530) (834) (1,022) Income tax provision - - - - Net income (loss) 41 (530) (834) (1,022) Preferred stock dividends accrued (40) (43) (105) (86) Net income (loss) attributable to common stockholders $1 $(573) $(939) $(1,108) Net income (loss) per share attributable to common stockholders (basic and diluted) $0.00 $(0.06) $(0.08) $(0.12) Weighted average shares outstanding - Basic and Diluted 11,638 9,271 11,638 8,873

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

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

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




    Trade Promotion Effectiveness Study to be Focus of DemandTec Webinar September 18, 2008Research Identifies Food & Beverage Manufacturers as Outpacing Industry Peers in Key Trade Effectiveness Measures

    SAN CARLOS, Calif., Aug. 13 /PRNewswire-FirstCall/ -- DemandTec, Inc. , a leading provider of on-demand optimization solutions for retailers and consumer products manufacturers, will present a summary of recent primary research from AMR Research that examines trade promotion effectiveness in the consumer products industry. The webinar, entitled Who is Driving Trade Effectiveness?, is to be held at 2:00 PM EST, Thursday, September 18, 2008, and will feature presentations by Lora Cecere, research director at AMR Research, and Armen Najarian, senior director, product marketing at DemandTec.

    Based on a study entitled Trade Promotion Effectiveness: Strengthening Shareholder Value for Consumer Goods Companies, the webinar will review how companies demonstrating trade promotion best practices outperform those identified as having less effective trade promotion strategies. The study includes a quantitative survey of 100 leading consumer products manufacturers, as well as qualitative input from retail executives and Wall Street analysts who cover the industry.

    The webinar will also discuss how food and beverage manufacturers have focused their trade investment strategies and delivered better shareholder value versus their non-food industry counterparts.

    "When AMR Research started the study, we believed that non-food CPG companies -- which are larger and have significantly higher IT budgets and greater margins than the average food and beverage company -- would be more effective at trade promotions. But we were wrong. Food and beverage companies are making better use of price and promotion optimization technologies than non-food CPG companies," said AMR Research's Cecere.

    Among the key discussion points for the webinar are:

    -- How demand-shaping activities, including promotion management activities, list-price management and new product introductions intended to lift sales are rising in importance at the expense of sales incentives.

    -- Reasons why food and beverage firms are more confident that their trade spending levels are on target, as compared to consumer products firms.

    -- Why price promotions remain the largest share of the trade spending mix for both food and beverage firms and consumer products firms.

    -- How more than half of respondents report using predictive simulations and optimization tools to calculate baseline volume and projected case lift for planned trade promotions.

    "This study outlines how the consumer products industry at large is focused on getting more return out of trade spending. Our customer success shows that pairing the right predictive trade planning tools with a capable and informed user base drives the right decisions to be successful at retail," said DemandTec's Najarian.

    Registration for the Who is Driving Trade Effectiveness? webinar is free: Click here to register: http://www.demandtec.com/cpwebinar/

    About DemandTec

    DemandTec enables retailers and consumer products companies to optimize merchandising and marketing decisions, individually or collaboratively, to achieve their sales volume, revenue, and profitability objectives. DemandTec software services utilize DemandTec's science-based software platform to model and understand consumer behavior. DemandTec customers include more than 140 leading retail and consumer products manufacturers such as Advance Auto Parts, Best Buy, Circle K Stores, ConAgra Foods, Delhaize America, Dr Pepper Snapple Group, Giant-Carlisle, H-E-B Grocery Co., General Mills, Hormel Foods, Monoprix, Safeway, Sara Lee and Tyson Foods. Connected via the DemandTec TradePoint Network(TM), DemandTec customers have collaborated online on more than one million trade deals. For more information, please visit http://www.demandtec.com/.

    DemandTec Safe Harbor

    This press release contains forward-looking statements regarding DemandTec's expectations, hopes, plans, intentions or strategies, including statements about the effectiveness of its products and solutions. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in DemandTec's documents filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to DemandTec as of the date hereof, and DemandTec assumes no obligation to update these forward-looking statements.

    DemandTec and the DemandTec logo are registered trademarks of DemandTec, Inc. is a trademark of DemandTec, Inc. All other trademarks are the property of their respective owners.

    DemandTec, Inc.

    CONTACT: Cassandra Moren of DemandTec, Inc., +1-650-226-4690,
    cassandra.moren@demandtec.com; or Investors, Michael Kern of ICR,
    +1-617-956-6731, michael.kern@icrinc.com

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




    AXS-One Reports Second Quarter 2008 Financial Results

    RUTHERFORD, N.J., Aug. 13 /PRNewswire-FirstCall/ -- AXS-One Inc. (BULLETIN BOARD: AXSO) , a leading provider of high performance Records Compliance Management (RCM) software, today announced its financial results for the second quarter and six month period ended June 30, 2008.

    Total revenues for the second quarter of 2008 were $3.4 million, an increase of $0.9 million or 35% from the second quarter 2007 revenues of $2.5 million. License revenue for the second quarter was $1.1 million, an increase of 109% compared to $0.5 million in the second quarter of 2007. Service revenue for the second quarter was $2.3 million, an increase of $0.3 million or 16% from the second quarter of 2007. Total operating expenses for the second quarter were $5.5 million, a decrease of 10% percent compared to $6.1 million in the second quarter of 2007. The operating loss for the second quarter of 2008 was $2.1 million, a $1.4 million or 41% improvement from the second quarter 2007 operating loss of $3.6 million. The Company reported a net loss of $2.5 million for the second quarter of 2008, or $(0.07) per diluted share compared to a net loss of $3.7 million in the second quarter of last year, or $(0.10) per diluted share.

    Highlights for the second quarter include:

    -- Announcement of AXS-One as a visionary in the 2008 Gartner Inc.'s report: "Magic Quadrant for E-Mail Active Archiving".

    -- Wins and new sales opportunities across disparate industries including public sector, manufacturing, healthcare and pharmaceutical. This reflects the position maintained by the Company that every organization will need software assistance to manage their electronic records.

    -- A major competitive replacement at an international medical device provider, continuing the trend of competitive wins as organizations reevaluate their archiving technology and vendor selection.

    -- Announcement of a patent-pending new product, Dynamic Data Migrator(TM). The product leverages the Company's current archiving and electronic records management technology to provide a unique approach for organizations migrating their messaging platform from Lotus Notes to Microsoft Exchange.

    -- Endorsement from Microsoft of Dynamic Data Migrator and expansion of AXS-One's current partnership with the company. Microsoft has identified their "Notes Transition Program" as a strategic initiative for the current fiscal year and, per their quote in the product announcement, is excited by the product's ability to "have a dramatic effect on the cost and time it takes customer to migrate."

    Bill Lyons, Chairman & CEO of AXS-One, commented, "We are seeing steady progress in our core business of electronic records archiving and are particularly excited about the opportunity presented by Microsoft to migrate millions of users that have already committed to convert from Notes to Exchange, using our software products and methodology. We are actively engaged with the Microsoft team, which has validated and endorsed our technology and methodology and are now introducing us into their client opportunities. We expect this partnership to drive a significant improvement in our financial results starting this year."

    For the first six months of 2008, total revenues were $7.3 million, an increase of 17.4% compared with total revenues of $6.2 million for the first six months of 2007. License fees were $2.5 million, up 10.5% from the $2.3 million in license fees for the first six months last year. Total operating expenses were $11.2 million for the first six months of 2008, a decrease of 11.3% from $12.6 million in the prior year. The operating loss narrowed to $3.9 million for the first six months of 2008, down from an operating loss of $6.4 million in the first six months of last year. The net loss for the first six months of 2008 was $4.7 million, or $(0.12) per diluted share compared to a net loss of $6.3 million, or $(0.18) per diluted share for the comparable prior-year period.

    "Corporate leaders continue to recognize the importance of implementing electronic records management solutions as a key risk management tool," Mr. Lyons continued. "The changes in the processes for litigation, including the new Federal Rules of Civil Procedure (FRCP), remain a catalyst for us as enterprises recognize the need to pro-actively manage their electronically stored information (ESI). This trend demonstrates that industry leaders recognize the growing trend in this area, and increasingly see AXS-One as an emerging leader. As a pioneer in providing archiving and electronic records management for disparate record types for 15 years, AXS-One is uniquely positioned to exploit this emerging and accelerating opportunity."

    Conference call information

    Management will conduct a conference call to discuss these results at 5 p.m. Eastern time on August 13, 2008. Interested parties can participate in the call by dialing 706-645-0399 with the conference ID #58135198 or can access the webcast at http://www.axsone.com/investors_events.shtml. Interested parties should access the webcast approximately 10-15 minutes before the scheduled start time. The webcast will be archived for 7 days following the call. Interested parties may submit questions prior to the conference call by e-mail to IR@axsone.com.

    About AXS-One Inc.

    AXS-One Inc. (OTCBB: AXSO) is a leading provider of high performance Records Compliance Management software. The AXS-One Compliance Platform enables organizations to implement secure, scalable and enforceable policies that address records management for corporate governance, legal discovery and industry regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, The Patriot Act and Gramm-Leach Bliley. AXS-One's award-winning technology has been critically acclaimed as best of class and delivers digital archiving, business process management, electronic document delivery and integrated records disposition and discovery for e-mail, instant messaging, images, SAP and other corporate records. Founded in 1978, and headquartered in Rutherford, NJ, AXS-One has offices worldwide including in the United States, Australia, Singapore and the United Kingdom. For further information, visit the AXS-One website at http://www.axsone.com/

    AXS-One, the AXS-One logo, "Access Tomorrow Today," and AXSPoint are registered trademarks of, and AXS-One Compliance Platform, AXS-One Central, AXS-One Retention Manager, AXS-One Rapid-AXS, AXS-Link for Desktop, AXS-Link for SAP, AXS-Link for Lotus Notes, AXS-Link for Microsoft Exchange, AXS-One Data Archive Translator, AXS-Link for File System Archiving, AXS-Link for .PST Management, AXS-One Supervision, AXS-One Case Management, "The Records Compliance Management Company" and AXS-Link are trademarks of, AXS-One Inc., in the U.S. All other company and product names are trademarks or registered trademarks of their respective companies.

    Special Note Regarding Forward-Looking Statements: A number of statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: our ability to improve financial and sales performance; risks relating to liquidity; potential vulnerability to technological obsolescence; the risks that our current and future products may contain errors or defects that would be difficult and costly to detect and correct; potential difficulties in managing growth; dependence on key personnel; the possible impact of competitive products and pricing; and other risks described in more detail in AXS-One's most current Form 10-K and other subsequent Securities and Exchange Commission filings.

    Company Contact: IR Contact: Joseph Dwyer Brett Maas AXS-One Inc. Hayden Communications jdwyer@axsone.com brett@haydenir.com (201) 935-3400 (646) 536-7331 -Tables Follow- AXS-ONE INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) June 30, December 31, 2008 2007 ASSETS (unaudited) Current assets: Cash and cash equivalents $831 $3,362 Accounts receivable, net of allowance for doubtful accounts 1,638 2,208 Prepaid expenses and other current assets 624 838 Total current assets 3,093 6,408 Equipment and leasehold improvements, net of accumulated depreciation 192 253 Other assets 276 283 Total assets $3,561 $6,944 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Bank debt $585 $ - Convertible debt, net of discount 7,922 - Accounts payable and accrued expenses 4,190 4,934 Deferred revenue 3,397 3,233 Total current liabilities 16,094 8,167 Long-term convertible debt, net of discount - 7,037 Long-term deferred revenue 168 120 Other long-term liabilities 51 212 Total long-term liabilities 219 7,369 Stockholders' deficit (12,752) (8,592) Total liabilities and stockholders' deficit $3,561 $6,944

    The financial information included in this document is intended only as summary provided for your convenience, and should be read in conjunction with the complete consolidated financial statements of the Company (including the Notes thereto, which set forth important information) contained in its Reports on Form 10-K and 10-Q filed and to be filed by the Company with the U.S. Securities and Exchange Commission (SEC). Such reports are available on the public EDGAR electronic filing system maintained by the SEC.

    AXS-ONE INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenues: License fees $1,058 $505 $2,543 $2,301 Services 2,343 2,013 4,752 3,911 Total revenues 3,401 2,518 7,295 6,212 Operating expenses: Cost of license fees 76 124 186 245 Cost of services 1,120 1,460 2,359 2,831 Sales and marketing 1,798 1,937 3,480 4,059 Research and development 1,442 1,518 2,932 3,180 General and administrative 1,072 1,067 2,197 2,261 Total operating expenses 5,508 6,106 11,154 12,576 Operating loss (2,107) (3,588) (3,859) (6,364) Other income (expense): Interest income 3 45 20 114 Interest expense (502) (89) (948) (120) Other income (expense), net 34 (25) 10 52 Total other income (expense), net (465) (69) (918) 46 Loss before income taxes (2,572) (3,657) (4,777) (6,318) Income tax provision (47) - (47) - Net loss $(2,525) $(3,657) $(4,730) $(6,318) Basic & diluted net loss per common share: $(0.07) $(0.10) $(0.12) $(0.18) Weighted average basic & diluted common shares outstanding 37,923 34,874 37,874 34,805

    The unaudited financial information included in this document is intended only as summary provided for your convenience, and should be read in conjunction with the complete consolidated financial statements of the Company (including the Notes thereto, which set forth important information) contained in its Reports on Form 10-K and 10-Q filed and to be filed by the Company with the U.S. Securities and Exchange Commission (SEC). Such reports are available on the public EDGAR electronic filing system maintained by the SEC.

    AXS-One Inc.

    CONTACT: Joseph Dwyer of AXS-One Inc., +1-201-935-3400,
    jdwyer@axsone.com; or IR, Brett Maas of Hayden Communications,
    +1-646-536-7331, brett@haydenir.com for AXS-One Inc.

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




    Document Capture Technologies Second Quarter 2008 Financial ResultsAchieves $0.04 in GAAP EPS for Second Quarter

    SAN JOSE, Calif., Aug. 13 /PRNewswire-FirstCall/ -- Document Capture Technologies, Inc. (BULLETIN BOARD: DCMT) , a leading provider of secure imaging solutions, today announced financial results for the second quarter ended June 30, 2008.

    Second Quarter Financial Highlights

    -- GAAP net income available to shareholders increased to $746,000, or $0.04 per basic and diluted share from an $(81,000) loss, or $0.00 loss per share in the year-ago period

    -- Operating income swung $479,000 to $302,000 compared to an operating loss of $(177,000) in the year-ago period

    -- Total operating expenses for the second quarter of 2008 decreased 60% to $681,000 from $1.7 million in the year-ago period

    -- Strengthened balance sheet through tight inventory control and debt reduction; shareholders' equity increased to $1.4 million for the period ended June 30, 2008 from a deficit of $(280,000) at December 31, 2007

    Subsequent Highlight

    -- Edward M. Straw, retired US Navy Vice Admiral and senior business executive, named Chairman of the Board of Directors

    Net sales for the second quarter ended June 30, 2008 were $3.0 million, a 19% decrease compared to $3.7 million in net sales for the second quarter of 2007. The decrease in net sales in the quarter was primarily due to the overall slowdown of the general economic and market conditions in the U.S. economy and the related slowdown of information technology ("IT") spending as well as decreased demand from the banking, financial, and insurance sectors.

    David P. Clark, Chief Executive Officer, commented, "We regained profitability and continued to generate healthy cash flow in the quarter. Although our 2008 sales have thus far been affected by the general economic slowdown of the U.S. economy, we have kept a watchful eye on our operating expenses while we refocus on our core mobile scanner business. The positive effects of our expense reduction can be seen at the operating and net income level and we are pleased with the financial progress we made in the quarter. We continue to generate cash from operations and fully expect GAAP profitability for the year."

    Mr. Clark continued, "During the three and six months ended June 30, 2008, our European sales, to which we have paid greater attention, continue to show strong growth. We have nearly doubled our distribution network within this market during the last six months compared to the year-ago period. We expect this trend to continue as we have improved our ability to deliver all channel products from our Netherlands-based warehouse, improved our time-to-market and reduced our logistics and shipping costs. We used a good portion of the cash we generated during the quarter to pay down debt and shareholders' equity increased to $1.4 million this quarter from a deficit of $280,000 at the end of December 2007. We expect this trend to continue in the third quarter.

    Cost of sales for the second quarter of 2008 were $2.0 million, resulting in a gross profit of $983,000, or 33% gross margin, compared to gross profit of $1.5 million, or 42% gross margin, based on $2.2 million cost of sales for the second quarter of 2007. The decreased gross margin in the second quarter of 2008 was directly attributable to the devaluation of the U.S. dollar against the Chinese Yuan, and also negatively impacted by lower sales in the period. The gross margin increased over Q1 2008 and the Company is working to continue that trend.

    Bill Hawkins, DCT's President and COO commented, "In the quarter, we continued our efforts toward reducing our cost-of-goods-sold, which has helped offset the impact of the weakening dollar against the Chinese Yuan. We continue to experience some softness in orders as our larger VAR (Value Added Reseller) channel orders are often related to large capital expenditures, particularly in the healthcare, banking and financial sectors. We are encouraged by the initial success of a product pilot project with a new customer. We are confident that several unique (vertical) integrations of our technology will deliver efficiencies and a competitive advantage as they roll out in the remainder of 2008 and the early part of 2009. We continue to introduce new products that meet our customer's needs including one in early June that has drawn a very positive response. Two additional new products are expected to be introduced before the end of the year."

    Total operating expenses for the second quarter of 2008 were $681,000, a decrease of $1.0 million, or 60%, from $1.7 million in the second quarter of 2007. Selling, general and administrative expenses decreased 48% to $511,000 from $974,000; and research and development expenses decreased 77% to $170,000 compared to $749,000 in the year-ago period. The decrease in selling, general and administrative expenses was primarily a result of the termination of HD display-related activities in November 2007 as well as lower stock-based compensation costs (a non-cash charge), which were somewhat offset by increased personnel costs, including those related to the costs of complying with the Sarbanes-Oxley Act. The decrease in research and development expenses was primarily due to the termination of all R&D activities related to the HD display development efforts.

    Operating income for the second quarter of 2008 was $302,000 compared to a net operating loss of $(177,000) in the year-ago period, representing an operating margin of 10%. GAAP net income for the second quarter 2008 increased by $596,000, or 368% to $758,000 compared to GAAP net income of $162,000, for the second quarter 2007. GAAP net income available to common stockholders was $746,000, or $0.04 per basic and diluted share (based on 18.4 and 20.8 million weighted average common shares outstanding, respectively) compared to a GAAP net loss of $(81,000), or $0.00 per basic and diluted share (based on 21.8 million weighted average common shares outstanding) for the second quarter of 2007. The 2008 second quarter's net results were favorably impacted by a change in fair value of derivative instruments and the gain on sale of assets totaling $575,000, and partially offset by the increased interest expense.

    On a non-GAAP* basis, net income available to stockholders in the second quarter of 2008 was $537,000 compared to a non-GAAP net income of $79,000 in the second quarter of 2007. Non-GAAP net income excludes certain non cash items, including stock-based compensation cost, and the accounting for derivative instruments.

    Net sales for the six months ended June 30, 2008 were $5.5 million, a 29% decrease compared to $7.8 million in net sales for the same period in 2007. The decrease in net sales in the quarter was primarily due to the overall slowdown of the general economic and market conditions in the U.S. economy and the related slowdown of "IT" spending as well as decreased demand from the banking, financial, and insurance sectors.

    GAAP net income for the six months ended June 30, 2008 increased to $278,000 compared to a GAAP net loss of $(646,000) for the year-ago period. GAAP net loss attributed to common stockholders was $(67,000), or $0.00 per basic and diluted share (based on 17.5 million weighted average common shares outstanding) for the first six months of 2008 compared to a GAAP net loss of $(1.1) million, or $(0.05) loss per basic and diluted share (based on 22.9 million weighted average common shares outstanding) for the same period in 2007. On a non-GAAP* basis, net income available to stockholders in the six months ended June 30, 2008 was $586,000 compared to a non-GAAP net income of $436,000 in the year-ago period. Non-GAAP net income excludes certain non cash items, including stock-based compensation cost, and the accounting for derivative instruments.

    The Company had cash and cash equivalents of $1.2 million, working capital of $2.1 million, and a current ratio of 2.1 to 1 at June 30, 2008 compared to cash and cash equivalents of $1.8 million, working capital of $3.0 million and a current ratio of 2.1 to 1 at December 31, 2007.

    Mr. Clark concluded, "Subsequent to the end of the quarter, there were some important changes to our Board, highlighted by the Board's unanimous consent naming Edward M. Straw as Chairman. We welcome Mr. Straw's participation on the board and his 30-year track record as a leader in global logistics and supply chain management and believe he, as well as the rest of the board, will be a valuable asset to our management team. Through Ed's extensive contact network and relationships we believe he will be a key contributor to current initiatives we're working on, as well as the development of our customer base and sales pipeline with the objective of accelerating our top-and bottom-line growth."

    *In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, DCT uses non-GAAP measures of net income (loss) and income (loss) per share, which are adjustments from results based on GAAP to exclude non-cash stock-based compensation costs in accordance with SFAS 123R and the non-cash accounting for derivative financial instruments. DCT's management believes the non-GAAP financial information provided in this release is useful to investors' understanding and assessment of DCT's ongoing core operations and prospects for the future. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors.

    Conference Call on August 13, 2008, at 4:30 PM ET:

    Management will host a conference call today to discuss the results at 4:30 PM ET. Anyone interested in participating in the conference call should dial in to 800-762-8908 if calling within the United States or 480-248-5081 if calling internationally. A replay will be available until August 20, 2008, which can be accessed by dialing 800-406-7325 if calling within the United States or 303-590-3030 if calling internationally. Please use passcode 3909116 to access the replay.

    The call will also be available live by webcast over the Internet and accessible at the company's corporate website at http://www.docucap.com/.

    About Document Capture Technologies, Inc.

    Document Capture Technologies, Inc. (OTCBB: DCMT.OB), headquartered in San Jose, Calif., designs and manufactures document capture solutions for OEM customers worldwide. The company currently manufactures over 20 proprietary document capture products and has become one of the world's largest private-label manufacturers of USB-powered mobile document scanning devices. The Company's growing intellectual property portfolio in document capture includes key patents with additional patent pending.

    Forward-Looking Statements

    Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond the Company's control that could cause actual events and results to differ materially from these statements. These risks include, without limitation, that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Document Capture undertakes no obligation to update publicly any forward-looking statements.

    Company Contact: Document Capture Technologies, Inc. David P. Clark (408)-213-3701 dclark@docucap.com Investor Contact: Hayden Communications, Inc. Peter Seltzberg (212) 946-2849 peter@haydenir.com tables follow DOCUMENT CAPTURE TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) June 30, December 31, 2008 2007 ASSETS (Unaudited) (Audited) Current assets: Cash and cash equivalents $1,150 $1,770 Trade receivables 1,838 2,464 Inventories, net 989 1,400 Prepaid expenses and other current assets 56 32 Total current assets 4,033 5,666 Fixed assets, net 101 127 Total assets $4,134 $5,793 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Notes payable and related warrant liability $806 $1,239 Trade payables to related parties 668 578 Trade payables and other current liabilities 276 658 Deferred revenue 213 - Accrued dividends on Series A 5% cumulative convertible preferred stock - 178 Total current liabilities 1,963 2,653 Long-term bank line of credit 534 2,021 Liability under derivative contracts 144 255 Total liabilities 2,641 4,929 Convertible preferred stock, $.001 par value, 2,000 authorized: Series A 5% cumulative convertible preferred stock, 0 and 11.5 shares issued and outstanding at June 30, 2008 and December 31, 2007, respectively; liquidation value of $0 and $1,150 at June 30, 2008 and December 31, 2007, respectively - 1,074 Series B convertible preferred stock, 1.5 shares issued and outstanding at June 30, 2008 and December 31, 2007; liquidation value of $150 at June 30, 2008 and December 31, 2007 95 70 Stockholders' equity (deficit): Common stock $.001 par value, 50,000 authorized, 18,444 shares issued and outstanding at June 30, 2008 and 15,904 shares issued and 15,404 outstanding at December 31, 2007 (500 shares held in escrow) 18 15 Additional paid-in capital 32,065 30,323 Accumulated deficit (30,685) (30,618) Total stockholders' equity (deficit) 1,398 (280) Total liabilities and stockholders' equity (deficit) $4,134 $5,793 DOCUMENT CAPTURE TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2008 2007 2008 2007 Net sales $3,003 $3,696 $5,541 $7,823 Cost of sales 2,020 2,150 3,825 4,634 Gross profit 983 1,546 1,716 3,189 Operating expenses: Selling, general and administrative 511 974 1,472 2,289 Research and development 170 749 373 1,526 Total operating expenses 681 1,723 1,845 3,815 Operating income (loss) 302 (177) (129) (626) Other income (expense) Change in fair value of derivative instruments 425 330 111 (38) Gain on sale of assets 150 - 550 - Other (119) 11 (252) 20 Total other income (expense) 456 341 409 (18) Net income (loss) before income taxes 758 164 280 (644) Provision for income taxes - 2 2 2 Net income (loss) 758 162 278 (646) Dividend on Series A and accretion of Series A and Series B preferred stock redemption value (12) (243) (114) (484) Deemed dividend on Series A preferred stock maturity and Conversion - - (231) - Net income (loss) available to common stockholders $746 $(81) $(67) $(1,130) Basic income (loss) per common share $0.04 $0.00 $0.00 $(0.05) Diluted income (loss) per common share $0.04 $0.00 $0.00 $(0.05) Weighted average common shares outstanding 18,444 21,805 17,488 22,815 Weighted average common shares outstanding, assuming dilution 20,784 21,805 17,488 22,815 DOCUMENT CAPTURE TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) Six Months Ended June 30, 2008 2007 Operating activities Net loss available to common stockholders $(67) $(1,130) Adjustments to reconcile net loss to net cash used by operating activities: Depreciation expense 26 21 Stock-based compensation cost - options 214 1,080 Fair value of warrants issued for services rendered 51 8 Interest expense attributable to amortization of debt issuance costs 167 - Change in fair value of derivative instruments (111) 38 Accretion of Series A and Series B preferred stock redemption value 101 440 Deemed dividend on Series A preferred stock 231 - Changes in operating assets and liabilities: Trade receivables 626 (1,099) Inventories 411 165 Prepaid expenses and other current assets (24) (44) Accrued dividends on Series A 5% cumulative convertible stock 13 44 Trade payables to related parties 90 (588) Deferred revenue 213 - Trade payables and other current liabilities (382) 71 Cash provided (used) by operating activities 1,559 (994) Investing activities Capital expenditures - (67) Cash used by investing activities - (67) Financing activities Net (payments) advances on bank line of credit (1,487) 500 Payments on notes payable (700) - Proceeds from exercise of employee stock options 8 - Cash (used) provided by financing activities (2,179) 500 Net decrease in cash and cash equivalents (620) (561) Cash and cash equivalents at beginning of period 1,770 1,333 Cash and cash equivalents at end of period $1,150 $772 Non-cash investing and financing activities: Restricted common stock acquired from related party $- $2 Conversion of convertible preferred stock to common stock $1,339 $26 Increase to the warrant liability of common stock warrants in connection with debt financing $100 $- DOCUMENT CAPTURE TECHNOLOGIES, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2008 2007 2008 2007 Net income (loss) available to common stockholders (GAAP) $746 $(81) $(67) $(1,130) Stock-based compensation cost - options 104 266 214 1,080 Fair value of warrants issued for services rendered 17 4 51 8 Interest expense attributable to amortization of debt issuance costs 83 - 167 - Change in fair value of derivative instruments (425) (330) (111) 38 Accretion of Series A and Series B preferred stock redemption value 12 220 101 440 Deemed dividend on Series A preferred stock - - 231 - Net income available to common stockholders (Non-GAAP) $537 $79 $586 $436

    Document Capture Technologies, Inc.

    CONTACT: David P. Clark of Document Capture Technologies, Inc.,
    +1-408-213-3701, dclark@docucap.com; or Investors, Peter Seltzberg of Hayden
    Communications, Inc., +1-212-946-2849, peter@haydenir.com, for Document
    Capture Technologies, Inc.

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




    Synergx Systems Inc. Announces Third Quarter and Nine Month Results

    SYOSSET, N.Y., Aug. 13 /PRNewswire-FirstCall/ -- Synergx Systems Inc. reported the following results for its third quarter and nine-month period ended June 30, 2008 and 2007:

    THREE MONTHS NINE MONTHS 2008 2007 2008 2007 Revenues $4,539,000 $4,174,000 14,909,000 $11,893,000 (Loss) From Operations (690,000) (91,000) (1,014,000) (343,000) Interest (Expense) (12,000) (36,000) (95,000) (101,000) Gain on Equity Investment 83,000 (Loss) From Operations (703,000) (128,000) (1,109,000) (361,000) Net (Loss) (754,000) (77,000) (1,213,000) (300,000) (Loss) per Share, Basic and Diluted ($.14) ($.01) ($.23) ($.06) Weighted Average Common and Potential Dilutive Common Shares Outstanding 5,210,950 5,210,950 5,210,950 5,210,950

    The increase in revenues during the three month period ending June 30, 2008 was primarily due to an increase in sales of fire alarm product, subcontract, and service. The increase in revenues during the nine month period was primarily due to higher shipments with respect to transit projects.

    The loss from operations in the 2008 periods was impacted by the following:

    Gross profit decreased notwithstanding increased revenues due to a shift in product mix. Selling, general and administrative costs were increased by a $355,000 charge for separation costs related to the resignation of the Chief Executive Officer (CEO) during the three months ended June 30, 2008 and a charge of $547,000 for the resignation of both the CEO and the President of the Company's principal operating subsidiary during the nine months ended June 30, 2008.

    The net loss from operations, for the three and nine months periods ended June 30, 2008, includes a $50,000 and $100,000 deferred income tax expense, for the respective periods ($.01 and $.02 per share), from a valuation allowance for future utilization of the Company's deferred tax asset. Also, no current income tax benefit was recorded for the 2008 operating loss and therefore the valuation allowance at June 30, 2008 was increased by an additional $440,000 (amounting to $.08 per share). In contrast, the net loss from operations for the three and nine month periods ended June 30, 2007 included a $80,000 valuation allowance (amounting to $.02 per share in each period ended June 31, 2007) regarding the future tax benefit to be realized from losses of Secure 724 LP.

    For the nine month period of 2007, the Company recorded a gain of $83,000 on the sale of its investment in Secure 724 LP.

    The Company's order position, excluding service, at June 30, 2008 was $12,800,000 compared to $11,100,000 at September 30, 2007. Management believes that shipments and product mix will be more favorable in the fourth quarter of fiscal 2008 although there can be no assurance that the Company will secure the necessary releases to ship and/or that the favorable product mix will materialize.

    Management noted that its results include product development costs which have been increased to a level of $99,000 and $267,000 for the three and nine months ended June 30, 2008, respectively. In connection with its development program the Company secured regulatory approval for component and feature modernization of its proprietary life safety systems allowing the commencement of a sales and marketing program in New York City. The sales and profit benefit from this effort are expected to commence in fiscal 2009.

    The Company was required and did secure a waiver of the net worth covenant in its Credit Facility as at June 30, 2008. There can be no assurance that future waivers will be secured if required.

    Mr. Paul Mendez was quoted saying: "As the new President and CEO of Synergx during the past 8 weeks I have been engaged in the discovery of the challenges that face the Company. As is obvious from the historical financial results, there exist numerous problems, both at the company level and in the markets in which Synergx operates. Our goal at this time is to address the company problems and evaluate its components. The challenge is to try to raise prices, maintain revenue levels and lower overhead. In the current economic climate this will be difficult."

    Synergx is engaged in the design, manufacture, marketing and service of a variety of data communication products and systems with applications in the fire alarm, life safety, security and communication industries. For further information about Synergx please go to our website at WWW.SYNERGXSYSTEMS.COM

    "Safe Harbor" statement under the Private Securities Reform Act of 1995: This release contains forward-looking statements, which reflect management's current views of future events and operations. These forward-looking statements are based on assumptions and external factors, including assumptions relating to product pricing, competitive market conditions, financial data, and other risks or uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's judgment as of the date of this release and any changes in the assumptions of external factors could produce significantly different results.

    Synergx Systems Inc.

    CONTACT: John Poserina, Synergx Systems Inc., Chief Financial Officer,
    +1-516-433-4700

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




    inTEST Reports Second Quarter 2008 Results

    CHERRY HILL, N.J., Aug. 13 /PRNewswire-FirstCall/ -- inTEST Corporation , an independent designer, manufacturer and marketer of semiconductor automatic test equipment (ATE) interface solutions and temperature management products, today announced results for the quarter ended June 30, 2008.

    Net revenues for the quarter ended June 30, 2008 were $11.5 million, compared to $11.3 million in the first quarter of 2008. Our net loss for the second quarter of 2008 was $(1.4) million or $(0.15) per diluted share, compared to a net loss of $(1.3) million or $(0.14) per diluted share for the first quarter of 2008.

    Robert E. Matthiessen, President and Chief Executive Officer of inTEST commented, "The weakening of the macroeconomic environment in the second quarter posed significant challenges to our overall profitability and growth. Bookings decreased in the second quarter of 2008 to $10.0 million, compared to $12.5 million in the first quarter of 2008. Our negative results for the second quarter were driven by the Manipulator and Docking Hardware product segment. At the end of the second quarter we implemented a restructuring of this product segment and reduced headcount by 18% and shortened the workweek for certain employees. We will continue to concentrate on this segment's cost structure, new product releases and sales efforts during the third quarter of 2008."

    "Despite these challenges, we posted sequential revenue growth and built our market share in the tester interface and thermal management markets. In July, we closed on the acquisition of Diamond Integration, a small test floor services company based in Texas, which we anticipate expanding through our global network. This acquisition has become part of the Manipulator and Docking Hardware product segment and will give us exposure to a line of business that is normally driven by our customers' generally stable operating budgets rather than their volatile capital budgets."

    Investor Conference Call / Webcast Details

    As previously announced, inTEST will host a conference call today, Wednesday, August 13, 2008 at 5:00 p.m. EDT to discuss the Company's second quarter 2008 results and management's current expectations and views of the industry. The call may also include discussions of strategic, operating, product initiatives or developments, or other matters relating to the Company's current or future performance. The conference call will be available at http://www.intest.com/ and by telephone at (201) 689-8560 or toll free at (877) 407-0784. A replay of the call will be available 2 hours following the call through 11:59 p.m. EST on Wednesday, August 20, 2008 at http://www.intest.com/ and by telephone at (201) 612-7415 or toll free at (877) 660-6853. The account number to access the replay is 3055 and the conference ID number is 291186. A transcript of the conference call will be filed as an exhibit to a Current Report on Form 8-K as soon as practicable after the conference call is completed.

    About inTEST Corporation

    inTEST Corporation is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products, which are used by semiconductor manufacturers to perform final testing of integrated circuits (ICs) and wafers. The Company's high-performance products are designed to enable semiconductor manufacturers to improve the speed, reliability, efficiency and profitability of IC test processes. Specific products include positioner and docking hardware products, temperature management systems and customized interface solutions. The Company has established strong relationships with semiconductor manufacturers globally, which it supports through a network of local offices. For more information visit http://www.intest.com/.

    CONTACTS:

    Hugh T. Regan, Jr., Treasurer and Chief Financial Officer, inTEST Corporation, 856-424-6886, ext 201.

    Joseph Villalta of The Ruth Group, 646-536-7003 Forward-Looking Statements:

    This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not convey historical information, but relate to predicted or potential future events that are based upon management's current expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. In addition to the factors mentioned in this press release, such risks and uncertainties include, but are not limited to, changes in business conditions and the economy, generally; changes in the demand for semiconductors, generally; changes in the rates of, and timing of, capital expenditures by semiconductor manufacturers; progress of product development programs; increases in raw material and fabrication costs associated with our products; implementation of additional restructuring initiatives; costs associated with compliance with Sarbanes Oxley and other risk factors set forth from time to time in our SEC filings, including, but not limited to, our periodic reports on Form 10-K and Form 10-Q. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

    (Financials Attached) SELECTED FINANCIAL DATA (Unaudited) (In thousands, except per share data) Condensed Consolidated Statements of Operations Data: Three Months Ended Six Months Ended 6/30/ 6/30/ 3/31/ 6/30/ 6/30/ 2008 2007 2008 2008 2007 Net revenues $11,497 $12,062 $11,304 $22,801 $24,180 Gross margin 4,523 4,591 4,453 8,976 8,988 Operating expenses: Selling expense 2,223 2,279 2,094 4,317 4,450 Engineering and product development expense 1,417 1,394 1,410 2,827 2,798 General and administrative expense 2,040 2,044 2,248 4,288 4,175 Restructuring and other charges 200 - - 200 - Operating loss (1,357) (1,126) (1,299) (2,656) (2,435) Other income 47 126 35 82 247 Loss before income taxes (1,310) (1,000) (1,264) (2,574) (2,188) Income tax expense 47 86 62 109 119 Net loss (1,357) (1,086) (1,326) (2,683) (2,307) Net loss per share - basic $(0.15) $(0.12) $(0.14) $(0.29) $(0.25) Weighted average shares outstanding - basic 9,324 9,194 9,308 9,316 9,186 Net loss per share - diluted $(0.15) $(0.12) $(0.14) $(0.29) $(0.25) Weighted average shares outstanding - diluted 9,324 9,194 9,308 9,316 9,186 Condensed Consolidated Balance Sheets Data: As of: 6/30/ 3/31/ 12/31/ 2008 2008 2007 Cash and cash equivalents $11,383 $11,982 $12,215 Trade accounts and notes receivable, net 6,482 6,584 6,034 Inventories 5,253 5,719 5,097 Total current assets 23,724 25,139 24,464 Net property and equipment 2,005 2,103 2,198 Total assets 26,806 28,371 27,723 Accounts payable 2,657 3,180 1,923 Accrued expenses 3,955 3,595 3,545 Total current liabilities 6,946 7,121 5,815 Noncurrent liabilities 339 370 401 Total stockholders' equity 19,521 20,880 21,507

    inTEST Corporation

    CONTACT: Hugh T. Regan, Jr., Treasurer and Chief Financial Officer,
    inTEST Corporation, +1-856-424-6886, ext 201.; Joseph Villalta of The Ruth
    Group, +1-646-536-7003

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




    Spreadtrum Communications, Inc. Announces Second Quarter 2008 Results

    Second Quarter 2008 Financial Summary: -- Total revenue increased 25% year-over-year and 2% sequentially to US$40.2 million. Baseband revenue grew 42% year-over-year and 9% sequentially. -- Diluted earnings per American Depositary Share (ADS) was US$0.06, unchanged from US$0.06 in 1Q08. -- Gross margin in 2Q08 was 45.2% compared to 44.9% in 1Q08 and 45.5% in 2Q07. -- Operating margin in 2Q08 was 4.2% compared to 5.1% in 1Q08 and 7.9% in 2Q07. Excluding share-based compensation and amortization of intangibles from the acquisition of Quorum Systems, Inc. (Quorum), non- GAAP operating margin in 2Q08 was 9.8%. -- GAAP net income decreased 6% year-over-year and sequentially to US$2.6 million. Recent Business Highlights: -- Spreadtrum announced and began sampling its SC6600V mobile TV solution, an integrated CMMB demodulator and source decoder chip that supports both AVS and H.264 video decoding standards. -- Spreadtrum hosted its annual technology forum on June 17-18. This year's theme was "collaboration creates value," and the Company has received favorable feedback from customers and business partners. -- Spreadtrum worked with Lenovo Mobile to enable Lenovo to deliver TD- SCDMA handsets with mobile TV feature to China Mobile before the Beijing Olympics.

    SHANGHAI, China, Aug. 13 /Xinhua-PRNewswire-FirstCall/ -- Spreadtrum Communications, Inc. (Nasdaq: SPRD; the "Company"), one of China's leading wireless baseband chipset providers, today announced its second quarter 2008 financial results. Under accounting principles generally accepted in the United States of America (US GAAP), diluted earnings per ADS was US$0.06 in the second quarter of 2008 (2Q08), a decrease of 14% from US$0.07 in the same period in 2007 (2Q07) and unchanged from US$0.06 in the first quarter of 2008 (1Q08). Net income for 2Q08 was US$2.6 million, a decrease of 6% from US$2.8 million in 2Q07 and 1Q08.

    US GAAP net income for 2Q08 included US$1.7 million of share-based compensation expense and US$0.6 million of amortization of intangibles from the Quorum acquisition. Excluding the impact of this share-based compensation expense and the amortization of intangibles from the Quorum acquisition, the Company's non-GAAP net income for 2Q08 would have been US$4.9 million, up 13% from US$4.3 million in 2Q07 and down 3% from US$5.0 million in 1Q08. Diluted non-GAAP earnings per ADS in 2Q08 was US$0.11, flat from US$0.11 in 2Q07 and Q108.

    Commenting on the results, the Company's President and CEO, Dr. Ping Wu, said: "We are pleased that we were able to achieve our financial guidance in light of several factors that made this a challenging quarter. The Chinese consumer market this year has been negatively affected by a number of events, including a major snowstorm that disrupted travel and consumer spending around the time of the Chinese New Year, flooding in southern China, a major earthquake in May, a slower-than-anticipated overall development in TD-SCDMA, the disruption to business travel and logistics brought about by the Beijing Olympics, an approximate 50% decline this year in the value of the local stock market that has reduced consumers' spending power, and an approximate 8% increase in CPI. These factors have contributed towards a slowdown in the Chinese consumer market and continue to have a negative impact on our customers' business and financial conditions. We are also affected by a few company specific issues, including a delay in our Mocor software platform, which affected our 6600R baseband and which delay has since been corrected, and slower-than-anticipated transition by our customers to our 6600H and 6600R basebands. Customer design activities on our 6600H and 6600R basebands have picked up in Q2, especially after our technology forum, and we believe some of these new designs should enter into volume production sometime in the fourth quarter.

    As a result of these factors, we expect Q3 to be a very challenging transition quarter for us. Despite these short-term difficulties, we are focused on positioning Spreadtrum to capture the long-term growth opportunities in this market and improving our product development process and internal execution. We offer to our customers a mobile solutions platform that includes basebands for GSM feature phones and smartphones, basebands for TD-SCDMA handsets and data cards, RF transceivers that work with these basebands and more, a mobile TV baseband, and a common software platform.

    We are seeing more design activities around our 6600R and 6600H basebands and believe that these basebands compare well against competing products. After a slow start, we are seeing higher attach rates of our RF transceiver chips in our customers' new cellphone designs, which we believe should translate into meaningful volume once the new designs go into mass production. We are encouraged by our customers' favorable response to our 6600V mobile TV chip and, having used initial samples of our customers' TD-SCDMA and GSM versions of mobile TV phones over the past few days to watch the Olympics, we are quite pleased with the quality of the viewing experience. We believe that mobile TV will be an important new feature for the Chinese consumer market going forward and, being the only supplier with both basebands and mobile TV solutions currently, we believe we should be able to benefit from this growing opportunity. On the TD-SCDMA front, we are encouraged that China Mobile is proceeding with a plan to build out phase two of its TD-SCDMA network beyond the initial 8 cities that were selected for commercial trial. This bodes well for sales of TD-SCDMA handsets next year and for sales of our TD-SCDMA baseband."

    Second Quarter 2008 Financial Review Revenue

    Revenue in the second quarter totaled US$40.2 million, representing an increase of 25% from 2Q07 and 2% from 1Q08. Revenue from baseband semiconductors was US$38.7 million, or 96% of revenue, up from 85% of revenue in 2Q07 and 90% of revenue in 1Q08. Revenue from turnkey solutions was US$1.5 million, which represented 4% of revenue, down from 15% of revenue in 2Q07 and 10% of revenue in 1Q08.

    Revenue from baseband semiconductors grew 42% from 2Q07 and 9% from 1Q08 to US$38.7 million. Unit shipments of baseband semiconductors increased 54% from 2Q07 and 9% from 1Q08. Nearly all baseband semiconductor shipments in the second quarter were 2G/2.5G related products. 3G products accounted for less than 1% of the baseband shipments in 2Q08. The average selling price per unit for baseband semiconductors declined by 8% from 2Q07 and 1% from 1Q 08.

    Revenue from turnkey solutions decreased during the quarter by 69% from 2Q07 and 62% from 1Q08 to US$1.5 million, as a result of the Company's ongoing plan to phase out its modules business.

    Gross Margin

    The gross margin for the quarter was 45.2%, down from 45.5% in 2Q07 and up from 44.9% in 1Q08. The non-GAAP gross margin was 45.4%, down from 45.7% in 2Q07 and up from 45.1% in 1Q08.

    The cost of revenue in 2Q08 totaled US$22.1 million, representing increases of 26% from 2Q07 and 1% from 1Q08. The year-over-year increase was driven by an increase in the total cost of baseband semiconductors from higher volumes partially offset by a decline in the total cost of turnkey solutions. The total cost of turnkey solutions declined as the Company continued to de- emphasize its SM5100 series module business. The sequential increase was primarily driven by an increase in inventory write-down in 2Q08 partially offset by a decline in the total cost of turnkey solutions.

    Operating Margin

    The Company's operating margin was 4.2% in 2Q08, compared to 7.9% in 2Q07 and 5.1% in 1Q08. The year-over-year decrease in operating margin was primarily attributed to higher R&D expense as a percentage of revenue. The increase in R&D expenses was primarily due to the acquisition of Quorum, whose primary activities are the research and development of radio frequency transceivers. The sequential decrease in operating margin was attributed to higher R&D and SG&A expenses, as percentages of revenue. Excluding stock- based compensation expense and the amortization of intangibles from the Quorum acquisition, the non-GAAP operating margin in 2Q08 was 9.8%, down from 12.6% in 2Q07 and 10.8% in 1Q08.

    Total operating expenses in 2Q08, which include selling, general and administrative (SG&A) expenses and research and development (R&D) expenses, were US$16.5 million, representing increases of 36% from 2Q07 and 5% from 1Q08. Total operating expenses for the quarter represented 41.0% of revenue, compared to 37.6% and 39.9% of revenue in 2Q07 and 1Q08, respectively. Excluding stock-based compensation expense and the amortization of intangibles from the Quorum acquisition, total non-GAAP operating expenses in 2Q08 were US$14.3 million, representing increases of 35% from 2Q07 and 6% from 1Q08. Total non-GAAP operating expenses for the quarter represented 35.6% of revenue.

    SG&A expenses increased in 2Q08 by 25% from 2Q07 and 8% from 1Q08 and represented 12.9% of revenue, compared with 12.9% of revenue in 2Q07 and 12.1% of revenue in 1Q08. The year-over-year dollar increase was driven primarily by higher investor relations, marketing and legal expenses, partially offset by lower stock-based compensation expense. The sequential dollar increase was driven primarily by higher investor relations and legal expenses, partially offset by lower stock-based compensation expense.

    R&D expenses in 2Q08 increased 42% year-over-year and 3% sequentially and represented 28.1% of revenue in 2Q08, compared to 24.7% in 2Q07 and 27.8% in 1Q08. The year-over-year dollar increase was driven primarily by the Company's efforts to expand its product portfolio and the impact of the Quorum acquisition. The sequential dollar increase was primarily due to higher depreciation and amortization expenses and a decrease in government grants for R&D projects, partially offset by lower stock-based compensation expense.

    Non-Operating Income

    In 2Q08, the Company recorded net interest income of US$0.5 million, representing an increase of US$0.2 million from 2Q07 and a decrease of US$0.3 million from 1Q08. The year-over-year increase was primarily attributed to interest earned from investing a higher balance of cash and cash equivalents. The sequential decrease was primarily due to a reduction in the balance of cash and cash equivalents, as a result of the share repurchase program and declines in interest rates.

    The other income in 2Q08 was US$0.9 million, an increase of US$0.8 million from 2Q07 and US$0.3 million from 1Q08. The year-over-year and sequential increases were primarily attributed to increases in foreign exchange gain.

    Earnings

    Diluted earnings per ADS was US$0.06, down 14% from US$0.07 in 2Q07 and flat from US$0.06 in 1Q08. Excluding stock-based compensation expense and amortization of intangibles from the Quorum acquisition, non-GAAP diluted earnings per ADS for 2Q08 was US$0.11, flat from US$0.11 in 2Q07 and in 1Q08.

    The Company's net income totaled US$2.6 million in 2Q08, a decrease of 6% from US$2.8 million in 2Q07 and in 1Q08. The net margin was 6.5%, down from 8.6% in 2Q07 and 7.0% in 1Q08. Excluding stock-based compensation expense and amortization of intangibles from the Quorum acquisition, non-GAAP net margin was 12.1% in 2Q08, down from 13.3% in 2Q07 and 12.7% in 1Q08.

    Balance Sheet and Cash Flow

    As of June 30, 2008, the Company had US$68.9 million in cash and cash equivalents, which represented a decrease of US$28.3 million from March 31, 2008 due primarily to the US$14.9 million cash spent on the share repurchase program and US$6.6 million cash transferred to term deposits. In 2Q08, the Company also used US$7.5 million cash for operating activities and US$1.0 million cash on property and equipment.

    Accounts receivable (A/R) increased from US$1.4 million at March 31, 2008 to US$17.4 million at June 30, 2008, as the Company extended credit terms to some select customers in 2Q08. As a result of the increase in A/R, average A/R days increased from 4 days to 21 days. As of July 31, 2008, the Company has collected US$5.1 million of its A/R and none of the outstanding receivables was past due. Inventory at June 30, 2008 was US$17.8 million, a decrease of $2.5 million from March 31, 2008, and the inventory days decreased from 85 days to 73 days. Total assets as of June 30, 2008 were US$250.6 million, down 3% from US$257.5 million at March 31, 2008.

    Current liabilities increased from US$28.0 million at March 31, 2008 to US$32.6 million at June 30, 2008, primarily due to an increase in the current portion of long term notes payable and accounts payable. Long-term liabilities at June 30, 2008 were US$16.9 million, compared to US$19.8 million at March 31, 2008, primarily due to a reclassification from long-term notes payable to short-term notes payable.

    Business Outlook:

    As stated earlier in this press release, a number of factors have negatively affected our customers' business this year. In addition, Spreadtrum is also affected by delays in its Mocor software platform and in customers' transition to its newer basebands. As a result, Spreadtrum currently expects revenue in the third quarter to be approximately US$20 million, which represents a sequential decrease of approximately 50% from the US$40.2 million in the second quarter of 2008. Spreadtrum estimates its 3Q08 gross margin to be 43%-45% and its 3Q08 operating expenses to be in the range of US$17-18 million.

    The Company expects to see improvements in the fourth quarter as business activities return to normal after the Beijing Olympics is over and new design wins using the Company's 6600R, 6600H, 6600V, and RF chips go into volume production.

    Webcast of Conference Call:

    The Company's management team will conduct a conference call at 8:00 am US Eastern Time on Aug 14, 2008. A webcast of the conference call will be accessible on the Company's web site at http://www.spreadtrum.com/ . The conference call can also be accessed via the following telephone numbers:

    USA (Toll Free): 1 866 679 8033 USA (Toll): 1 617 213 4846 Hong Kong (Toll Free): 800 962 844 China (Toll Free): 10 800 130 0399 Participant Passcode: 6492 9764

    Pre-registration (optional): https://www.theconferencingservice.com/prereg/key.process?key=P4KGTDXNE

    A replay of the conference call will be available for seven days via the following telephone numbers:

    USA (Toll Free): 1 888 286 8010 USA (Toll): 1 617 801 6888 Participant Passcode: 2060 2971 Discussion of Non-GAAP Financial Measures

    In addition to disclosing financial results prepared in accordance with US GAAP, the Company's earnings release contains non-GAAP financial measures that exclude the effects of share-based compensation and amortization of intangibles from the Quorum acquisition. The non-GAAP financial measures used by management and disclosed by the Company exclude the income statement effects of all forms of share-based compensation and amortization of intangibles from the Quorum acquisition.

    The non-GAAP financial measures disclosed by the Company should not be considered a substitute for financial measures prepared in accordance with US GAAP. The financial results reported in accordance with US GAAP and reconciliation of GAAP to non-GAAP results should be carefully evaluated. The non-GAAP financial measures used by the Company may be prepared differently from and, therefore, may not be comparable to similarly titled measures used by other companies.

    The Company believes that the presentation of non-GAAP gross margin, non- GAAP operating margin, non-GAAP net income, and non-GAAP diluted earnings per ADS provides important supplemental information to management and investors regarding financial and business trends relating to the Company's financial condition and results of operations. The non-GAAP diluted earnings per ADS is calculated by dividing non-GAAP net income by the US GAAP weighted average diluted shares outstanding.

    Listed below are the share-based compensation amounts included in net income that management excludes in computing the non-GAAP financial measures referred to in the text of this press release. A reconciliation of GAAP to non-GAAP results is presented after the consolidated balance sheets.

    Three months ended June 30, March 31, June 30, 2007 2008 2008 (in thousands of US dollars) Share-based compensation: Cost of revenue $ 52 $ 75 $ 89 Research and development 563 790 773 Selling, general, and administrative 904 991 803 Spreadtrum Communications, Inc. Condensed Consolidated Income Statements (in thousands of US dollars, except per share data and percentages) (unaudited) Three months ended Change from June 30, March 31, June 30, 2Q07 1Q08 2007 2008 2008 Revenue $32,187 $39,498 $40,227 25% 2% Cost of revenue 17,543 21,746 22,063 26% 1% Gross profit 14,644 17,752 18,164 24% 2% Operating expenses Research & development 7,952 10,967 11,316 42% 3% Selling, general & administrative 4,149 4,774 5,176 25% 8% Total operating expenses 12,101 15,741 16,492 36% 5% Operating income 2,543 2,011 1,672 (34%) (17%) Non-operating income (expense) Interest income 299 795 535 79% (33%) Interest expense (6) (35) (42) 600% 20% Other income, net 116 637 944 714% 48% Total non-operating income 409 1,397 1,437 251% 3% Income before tax 2,952 3,408 3,109 5% (9%) Income tax expense 171 630 496 190% (21%) Net income $2,781 $2,778 $2,613 (6%) (6%) Basic earnings per ADS $0.41 $0.06 $0.06 (85%) 0% Diluted earnings per ADS $0.07 $0.06 $0.06 (14%) 0% Margin analysis: Gross margin 45.50% 44.90% 45.20% Operating margin 7.90% 5.10% 4.20% Net margin 8.60% 7.00% 6.50% Weighted average ADS equivalent: [1] Basic 6,859,226 43,164,186 44,252,776 Diluted 39,240,015 46,789,892 46,226,362 ADS equivalent outstanding at end of period 34,157,200 45,234,665 43,872,135 [1] Assumes all outstanding ordinary shares are represented by ADSs. Each ADS represents three ordinary shares. Spreadtrum Communications, Inc. Consolidated Income Statements (in thousands of US dollars, except per share data and percentages) (unaudited) Six months ended June 30, June 30, Change 2007 2008 Revenue $58,354 $79,725 37% Cost of revenue 32,497 43,809 35% Gross profit 25,857 35,916 39% Operating expenses Research & development 13,948 22,283 60% Selling, general & administrative 8,069 9,950 23% Total operating expenses 22,017 32,233 46% Operating income 3,840 3,683 (4%) Non-operating income (expense) Interest income 738 1,330 80% Interest expense (12) (77) (542%) Other income, net 447 1,581 254% Total non-operating income 1,173 2,834 142% Income before tax 5,013 6,517 30% Income tax expense 200 1,126 463% Net income $4,813 $5,391 12% Basic earnings per ADS $0.77 $0.12 (84%) Diluted earnings per ADS $0.12 $0.12 0% Margin analysis: Gross margin 44.30% 45.00% Operating margin 6.60% 4.60% Net margin 8.20% 6.80% Weighted average ADS equivalent: [2] Basic 6,262,724 43,708,481 Diluted 38,798,495 46,538,301 [2] Assumes all outstanding ordinary shares are represented by ADSs. Each ADS represents three ordinary shares. Spreadtrum Communications, Inc. Condensed Consolidated Balance Sheets (in thousands of US dollars) (unaudited) Dec 31, March 31, June 30, 2008 2008 (Note) 2008 (Note) Cash and cash equivalents $157,038 $97,232 $68,930 Term deposit -- -- 6,561 Accounts receivable, net 2,198 1,410 17,412 Inventories 25,054 20,301 17,799 Deferred tax assets 392 392 392 Prepaid expenses and other current assets 5,650 5,625 6,767 Total current assets 190,332 124,960 117,861 Property and equipment , net 23,046 25,236 25,875 Acquired intangible assets , net 14,220 49,321 48,465 Goodwill -- 46,895 46,789 Deferred tax assets 1,222 1,225 1,227 Other long term assets 8,102 9,876 10,404 Total assets 236,922 257,513 250,621 Current portion of long term loan 685 -- 2,916 Accounts payable 24,857 10,165 13,307 Advances from customers 1,210 1,532 1,265 Income tax payable 3,088 3,703 3,392 Accrued expenses and other current liabilities 13,773 12,594 11,728 Total current liabilities 43,613 27,994 32,608 Long term loan 3,423 3,562 729 Deferred tax liabilities 37 14,365 14,365 Other long-term obligations 1,954 1,905 1,823 Total long term liabilities 5,414 19,832 16,917 Total liabilities 49,027 47,826 49,525 Shareholders' equity 187,895 209,687 201,096 Total liabilities & shareholders' equity $236,922 $257,513 $250,621 Note: The financial information at March 31, 2008 and June 30, 2008 includes preliminary valuation of Quorum, which is subject to further adjustments. Spreadtrum Communications, Inc. Supplemental Information (in thousands of US dollars, except percentages) Revenue (US$000) 3Q06 4Q06 1Q07 2Q07 Baseband Semiconductor $15,684 $22,645 $20,589 $27,357 Turnkey Solutions 11,017 8,317 5,578 4,830 Total $26,701 $30,962 $26,167 $32,187 As % of Total Revenue Baseband Semiconductor 59% 73% 79% 85% Turnkey Solutions 41% 27% 21% 15% Gross Margin 43.20% 46.40% 42.90% 45.50% Spreadtrum Communications, Inc. Supplemental Information (in thousands of US dollars, except percentages) Revenue (US$000) 3Q07 4Q07 1Q08 2Q08 Baseband Semiconductor $34,161 $44,971 $35,532 $38,713 Turnkey Solutions 4,409 3,571 3,966 1,514 Total $38,570 48,542 39,498 40,227 As % of Total Revenue Baseband Semiconductor 89% 93% 90% 96% Turnkey Solutions 11% 7% 10% 4% Gross Margin 45.60% 45.50% 44.90% 45.20% Spreadtrum Communications, Inc. Reconciliation of GAAP to Non-GAAP Results (in thousands of US dollars, except per share data and percentages) (unaudited) Three months ended June 30, March 31, June 30, 2007 2008 2008 Cost of revenue $17,543 $21,746 $22,063 Adjustment for share-based compensation (52) (75) (89) Cost of revenue (non-GAAP) $17,491 $21,671 $21,974 Operating income $2,543 $2,011 $1,672 Adjustment for share-based compensation within: Cost of revenue 52 75 89 Research and development 563 790 773 Selling, general, and administrative 904 991 803 Adjustment for amortization of intangibles from Quorum acquisition within research and development -- 400 600 Operating income (non-GAAP) $4,062 $4,267 $3,937 Net income $2,781 $2,778 $2,613 Adjustment for share-based compensation within: Cost of revenue 52 75 89 Research and development 563 790 773 Selling, general, and administrative 904 991 803 Adjustment for amortization of intangibles from Quorum acquisition within research and development 400 600 Net income (non-GAAP) * $4,300 $5,034 $4,878 Diluted earnings per ADS $0.07 $0.06 $0.06 Adjustment for share-based compensation 0.04 0.04 0.04 Adjustment for amortization of intangibles from Quorum acquisition -- 0.01 0.01 Diluted earnings per ADS (non-GAAP)* $0.11 $0.11 $0.11 Gross margin 45.50% 44.90% 45.20% Adjustment for share-based compensation 0.20% 0.20% 0.20% Gross margin (non-GAAP) 45.70% 45.10% 45.40% Operating margin 7.90% 5.10% 4.20% Adjustment for share-based compensation 4.70% 4.70% 4.10% Adjustment for amortization of intangibles from Quorum acquisition -- 1.00% 1.50% Operating margin (non-GAAP) 12.60% 10.80% 9.80% Net margin 8.60% 7.00% 6.50% Adjustment for share-based compensation 4.70% 4.70% 4.10% Adjustment for amortization of intangibles from Quorum acquisition -- 1.00% 1.50% Net margin (non-GAAP)* 13.30% 12.70% 12.10% * The non-GAAP adjustment does not take into consideration the impact of taxes. About Spreadtrum Communications, Inc.:

    Spreadtrum Communications, Inc. (Nasdaq: SPRD; the "Company") is a fabless semiconductor company that designs, develops, and markets baseband processor solutions for the mobile wireless communications market. The Company combines its semiconductor design expertise with its software development capabilities to deliver highly-integrated baseband processors with multimedia functionality and power management. The Company has developed its solutions based on an open development platform, enabling its customers to develop customized wireless products that are feature-rich and meet their cost and time-to-market requirements.

    Safe Harbor Statements:

    This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, without limitation, statements regarding factors that have had a negative impact on China's consumer market continuing to have an impact on our customers' business, new designs on our 6600H and 6600R basebands entering into volume production sometime in the fourth quarter, 3Q08 being a very challenging quarter for the Company, mobile TV becoming an important new function for the Chinese consumer market going forward and our ability, as the only vendor with both basebands and mobile TV solutions, to participate in this growing opportunity, China Mobile's plans to build phase two of its TD- SCDMA network beyond the initial 8 cities that were selected for commercial trial boding well for sales of TD-SCDMA handsets next year and the Company's expectations with respect to revenue, gross margin and operating margin for the third quarter of 2008, and our expectation to see improvements in the fourth quarter. These statements are forward-looking in nature and involve risks and uncertainties that may cause actual market trends and the Company's actual results to differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to, continuing competitive pressure in the semiconductor industry and the effect of such pressure on prices; unpredictable changes in technology and consumer demand for mobile phones; the Company's ability to integrate Quorum's operations into its own; the Company's ability to successfully produce and market Quorum's RF transceivers in volume; the rate at which the commercial deployment of TD-SCDMA technology will grow; market acceptance of products utilizing TD-SCDMA technology; the Company's ability to sustain recent rates of growth; the state of and any change in the Company's relationship with its major customers; and changes in political, economic, legal and social conditions in China. For additional discussion of these risks and uncertainties and other factors, please consider the information contained in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the registration statement on Form F-1 filed on June 26, 2007, as amended, and the annual report on Form 20-F filed on June 30, 2008, especially the sections under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and such other documents that the Company may file with the SEC from time to time, including on Form 6-K. The Company assumes no obligation to update any forward-looking statements, which apply only as of the date of this press release.

    For more information, please contact: Investor Relations Tel: +86-21-5080-2727 x2268 Email: ir@spreadtrum.com

    Spreadtrum Communications, Inc.

    CONTACT: Investor Relations at +86-21-5080-2727 x2268 or
    ir@spreadtrum.com

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




    Florida, Mass., Consumers Now Have High-Speed Access to the InternetVerizon Launches Broadband Service in First of 24 New Communities

    FLORIDA, Mass., Aug. 13 /PRNewswire/ -- Consumers and businesses in this tiny western Massachusetts community now have access to the Internet -- at rocket speeds powered by Verizon.

    Starting Wednesday (Aug. 13), Verizon High Speed Internet service is being offered throughout Florida, one of 24 western Massachusetts communities where broadband Internet access has been unavailable. Verizon is planning to offer the service to the 23 other communities this year.

    The service will give Internet users the ability to download at speeds of 768 Kbps (kilobits per second), 21 times faster than the current dial-up capability in Florida.

    "This is a historic day for the town of Florida and for Verizon," said Donna C. Cupelo, Verizon region president for Massachusetts and Rhode Island, who declared Verizon High Speed Internet service "open for business" in Florida.

    "We are proud to be able to bring the benefits of broadband Internet service to consumers in Florida today and soon to thousands more consumers in western Massachusetts," she said. "Verizon's investments in Massachusetts have and will continue to be a major contributor to growing the state's economy."

    Earlier this year, Verizon announced it is investing $200 million to expand its network in Massachusetts, including bringing its High Speed Internet service to the 24 western Massachusetts communities.

    By year's end, Cupelo said, Verizon expects to also make the service available in Becket, Blandford, Colrain, Cummington, Goshen, Hancock, Heath, Leverett, Leyden, Middlefield, Monroe, Montgomery, New Ashford, New Marlborough, Pelham, Plainfield, Rowe, Sandisfield, Tolland, Washington, Westhampton, Windsor and Worthington, and to make the service more widely available in Shutesbury.

    The company will notify potential customers of the availability of the service in a number of ways, including direct mail, media advertising and contact with local officials in each community. Consumers can also visit http://www.verizon.com/ma for additional information.

    When the work is completed, Verizon expects High Speed Internet service will be available to 70 percent of the company's customer lines, on average, in the 24 towns. The new broadband deployment of Verizon's High Speed Internet network will reach three-fourths of the western Massachusetts communities identified by the state as having no high speed broadband services.

    State Rep. Daniel E. Bosley, chairman of the Massachusetts Legislature's Joint Committee on Economic Development and Emerging Technologies and a leading proponent of broadband expansion in western Massachusetts, commended Verizon for its efforts. "After years of working toward this goal, it is good to see that the residents of Florida and many other unserved towns in the North Berkshire/Franklin County communities will be able to get online," said Bosley. "I look forward to working with Verizon to roll out broadband in all of our communities."

    Verizon High Speed Internet service pricing starts at $19.99 per month.

    The service is delivered on a dedicated line from Verizon's central office to the customer's home and is backed by live, 24 x 7 customer service and technical support. High Speed Internet subscribers have access to an extensive collection of features and services, including online protection with Verizon Internet Security Suite; Verizon Enhanced E-mail; Verizon Premium Tech Support; Online gaming; free news from ABC News Now; free sports from ESPN360; and more.

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

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

    Verizon

    CONTACT: Ellen Cummings, +1-508-624-2219, ellen.m.cummings@verizon.com,
    or Phil Santoro, +1-617-743-4760, philip.g.santoro@verizon.com, both of
    Verizon

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

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




    Think Services' ACCE 2008 to Feature Jam-Packed Agenda and Renowned Industry SpeakersThe Contact Center Industry's Premier Learning and Networking Event Returns to Phoenix

    NEW YORK, Aug. 13 /PRNewswire/ -- The fifth Annual Call Center Exhibition (ACCE) will feature the tools and knowledge contact centers need to optimize customer relationships and workforce management, create sustainable new revenue streams, and choose the best technology. The event will take place September 15-18, 2008 at the Phoenix Convention Center in Phoenix, AZ.

    Following is a sampling of this events speakers and session topics:

    -- Brad Cleveland, President, ICMI, will reveal the fundamental principles of value and performance.

    -- Bruce Balentine, Executive Vice President, Enterprise Integration Group, will speak on emerging trends in call center automation.

    -- Lori Bocklund, President, Strategic Contact, Inc. will examine ways that companies can optimize the strategic value of customer contact technology and operations.

    -- Drew Daly, Senior Director of Sales, World Travel Holdings, will share ideas on managing and motivating remote employees.

    -- Anne Nickerson, President, Call Center Coach, LLC, will discuss how to ensure that supervisors receive the training and skill development opportunities they need to succeed.

    -- Daniel Ord, CEO, OmniTouch, will speak on "mystery shopping" studies -- those undercover shoppers who evaluate retailers' customer service -- and the importance of coaching.

    These and other speakers will be part of a full agenda, with many opportunities for learning and networking.

    ACCE 2008 AGENDA

    Monday, September 15: Sessions include an in-depth exploration of effective call center management techniques, a detailed expose of the facts that every call center professional needs to know, tips for maximizing cross sale revenue and leading high performance teams, techniques for optimizing your quality management program and developing high performance organizations, and how to successfully plan and support VoIP in the contact center. The day ends with a reception in the Exhibit Hall which will be open from 5:30pm-7:00pm.

    Tuesday, September 16: Keith Ferrazzi keynotes with "Secrets to Career Success: One Relationship at a Time," followed by a session on strategies that frontline leaders need to know, tips for hiring agents who will stay with the company over the long-term, call center 101 -- how to get the job done whether its outsourced or in house, new trends in call center automation, the importance of great customer service, ideas for successful motivation and reward plans, strategies for implementing people-centric workforce management, how to fire up your customer service reps, virtualization, metrics that really matter and a look ahead at emerging technology and ideas for the call center. Tuesday also features the ICMI Membership Global Call Center of the Year Awards Luncheon (Open to conference delegates and speakers) and a Networking Cocktail Reception (Open to conference delegates, speakers and exhibitors). The Exhibit Hall will be open from 10:00am to 5:00pm.

    Wednesday, September 17: Joel Zeff kicks off the day with a keynote on "The Strength of Laughter: Energizing your Spirit with Humor." Topics that will be discussed on this day include: multi-channel customer strategies, call center monitoring, e-mail best practices, quick and agile customer interactions, call center security, best practices in outsourcing, helping employees grow themselves and your business, virtual call centers, mystery shopping, technology to-do lists, new ideas for agent training, workforce optimization and improving the industry's image among consumers. There will also be a lunch on the show floor (Open to conference delegates and speakers). The Exhibit Hall will be open from 10:00am to 2:00pm.

    Thursday, September 18: The event will wind down with discussions on the principles of effective call center management, tips for effective contact center management, ideas for mentoring employees, unique strategies for the small call center and training and development for call center supervisors.

    "We are thrilled with the depth and breadth of our learning offerings and all of the terrific speakers who will be joining us for ACCE 2008," said Joy Sobhani, Show Director. "ACCE 2008 will be our best conference yet and we look forward to seeing all call center professionals in Phoenix this September."

    ACCE 2008 will also provide conference-goers with numerous opportunities to test drive call center solutions and network with peers and industry leaders to share insights and grow their businesses. Guided tours of call centers, knowledge exchange brainstorming sessions, presentations and panel discussions and in-depth post show tutorials make for a learning experience like no other.

    Now in its fifth year, ACCE draws business leaders from around the globe. Last year, ACCE brought together more than 1,700 contact center professionals from over 40 countries and all 50 states. For a full schedule please visit http://www.acceicmi.com/ and click the "conference at a glance" option.

    About ICMI

    The International Customer Management Institute (ICMI) is the leading global provider of comprehensive resources for customer management professionals -- from frontline agents to executives -- who wish to improve customer experiences and increase efficiencies at every level of the contact center. ICMI's experienced and dedicated team of industry insiders, analysts, and consultants are committed to providing uncompromised objectivity and results-oriented vision through the organization's respected lineup of professional services including: consulting, training and certification, events, professional membership, and management resources. Learn more at icmi.com.

    About Think Services

    Think Services connects specialized communities worldwide using innovative media, educational events, consulting, training and certification. Providing comprehensive opportunities for people to learn from, network with, and inspire each other, Think Services builds strong brands and works within communities to foster a unique affinity with its products and services. The division's flagship products include the Game Developers Conference, the Webby Award-winning Gamasutra.com, Game Developer magazine, the International Customer Management Institute, HDI, and Dr. Dobb's Journal. Think Services is a subsidiary of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion. To learn more, visit http://www.think-services.com/.

    The International Customer Management Institute (ICMI)

    CONTACT: Steven Blinn of BlinnPR, +1-212-675-4777, steven@blinnpr.com,
    for ICMI, or Rachel Levy of Think Services, +1-609-759-4738,
    rlevy@think-services.com

    Web site: http://www.icmi.com/
    http://www.acceicmi.com/
    http://www.think-services.com/




    Aon eSolutions Launches Clinical Trials ModuleProvides risk managers with comprehensive overview of clinical trials, including exposure and required coverage

    CHICAGO, Aug. 13 /PRNewswire-FirstCall/ -- Aon eSolutions, the client technology arm of Aon Corporation and the leading provider of global risk and insurance solutions, today announced it has launched a new Clinical Trials module as part of RiskConsole, the market-leading, browser-based risk management information system (RMIS).

    (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)

    Developed in conjunction with the Life Sciences practice of Aon Risk Services, RiskConsole's new Clinical Trials module enables risk managers to monitor all of the clinical trials in which their organizations are involved, the total exposures represented by those trials, and the required insurance coverage. At the same time, RiskConsole enables organizations to streamline the management of clinical trials, providing visibility into project status across studies.

    Clinical trials and clinical research is the process of testing the safety and efficacy of new drugs and medical devices before they're approved by the U.S. Food & Drug Administration. General and professional liability coverage is required throughout this testing process. As a result, sponsoring pharmaceutical and life sciences companies, as well as participating healthcare facilities and professionals, need to carefully track, assess, and manage clinical trial risks in order to obtain adequate coverage.

    "Risk managers may find it challenging to keep track of the many clinical trials taking place at their institutions, and obtaining an overview is time-consuming and resource intensive," said Kathleen Burns, chief executive officer of Aon eSolutions. "With RiskConsole, risk managers have the ability to monitor clinical trials worldwide, so they have an immediate and comprehensive understanding of the trials underway and the extent of the exposure."

    Increased globalization of clinical trials presents additional challenges for life sciences companies. Aon's 2008 Clinical Trials Risk Map charts the complex insurance requirements and risk management needs that exist for companies conducting clinical trials globally. For instance, in 53 percent of the countries included in Aon's analysis, businesses must include a certificate of insurance in their regulatory filing package.

    The RiskConsole Clinical Trials module tracks coverage required by government agencies in various host countries, and whether proper insurance documentation was provided to regulators. The system also acts as a valuable planning tool that enables companies to better manage the entire life cycle of a clinical trial. Other key features and benefits include:

    -- The ability to track certificates of insurance and T85 protocol documents electronically. -- Time-stamping enables risk managers to monitor and determine the current stage and ongoing progress of trials. -- A user-friendly graphical dashboard identifies when critical milestones are met. -- Multi-currency, multi-lingual capabilities accommodate the need to monitor clinical trial exposure worldwide. -- Automatic scheduling of reports and distribution of alerts to notify companies of potential problems, adverse events, or non-compliance. -- Real-time coordination of communication and activities among various stakeholders, including the risk manager, researchers, project managers, clinical directors, brokers, and underwriters.

    "Clinical trials are essential to bringing new drugs or medical products to market, but missteps in the placement of insurance can delay or disrupt the process, resulting in costly financial implications," said James Walters, managing director of Aon Risk Services' Life Sciences practice group. "To date, companies used paper-based processes and spreadsheets to track clinical trials. RiskConsole offers a web-based platform to streamline this process and ensure proper coverage has been secured."

    About Aon

    Aon eSolutions is the client technology solutions arm of Aon Corporation . We provide innovative products, services and solutions to meet the diverse and varied needs of risk and insurance professionals. Our best-in-class systems-iVOS, RiskConsole, AonLine, and SafetyLogic-provide an unparalleled and integrated risk and insurance technology suite. This award-winning technology streamlines business processes and optimizes resources through a personalized and configurable approach and has resulted in measurable value for our clients. For more information on Aon eSolutions, log onto http://www.aon-esolutions.com/.

    Aon Corporation is the leading global provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting. Through its 36,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Our industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was named the world's best broker by Euromoney magazine's 2008 Insurance Survey. In 2008, Aon ranked highest on the Business Insurance ranking of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues. Aon also was ranked by A.M. Best as the number one insurance broker based on brokerage revenues in 2007 and 2008, and was voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/.

    Media Contact: Tammy Delatorre 661-775-0550 tammydelatorre@yahoo.com

    Photo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Aon Corporation

    CONTACT: Tammy Delatorre, +1-661-775-0550, tammydelatorre@yahoo.com, for
    Aon Corporation

    Web site: http://www.aon-esolutions.com/
    http://www.aon.com/




    Lockheed Martin to Develop Data Sharing Technologies for Office of Naval ResearchCompany to improve ability to collect, analyze and disseminate actionable intelligence

    SAN DIEGO, Aug. 13 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] has been selected by the Office of Naval Research to develop net-centric data distribution, fusion, and visualization technologies to expedite the decision-making process for the Navy's Maritime Headquarters with Maritime Operations Center. As part of a government-led team, Lockheed Martin will provide the transformational technologies to support the globally netted set of Maritime Operations Centers. This three-year effort is valued at approximately $12M.

    "We are proud to support the Office of Naval Research. As an expert in enterprise data fusion and SOA technologies, we can provide the Navy with the ability to collect, filter, and share operational data in real-time," said Elton Schroeder, vice president of C4ISR Systems for Lockheed Martin's Mission & Combat Support Solutions. "In short, we can provide them with a widely available, accurate operational picture, when they need it, where they need it."

    Lockheed Martin will develop a dynamic data layer, adaptive collaboration assistants, and role relevant visualization services within a service-oriented architecture for the Maritime Operations Center's systems to facilitate networked data sharing. These technologies will facilitate data access, sharing, and collaboration across all instances of the MOC. Along with the standardization of the MOC staff, processes, and tools the software services provided by Lockheed Martin will enable the establishment of virtual and forward deployed Maritime Operations Centers.

    Headquartered in Bethesda, MD, Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2007 sales of $41.9 billion.

    Lockheed Martin

    CONTACT: Suzanne Smith of Lockheed Martin, +1-303-932-5230,
    suzanne.m.smith@lmco.com

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




    SpectraScience Awarded Patent for Correcting Image Misalignment

    SAN DIEGO, Aug. 13 /PRNewswire-FirstCall/ -- SpectraScience, Inc. (BULLETIN BOARD: SCIE) , a San Diego-based medical devices company, today announced that it has been awarded a patent for correcting image misalignment between at least two images in a sequence of images due at least in part to tissue sample movement. The patent, U.S. Patent No. 7,406,215, is titled "Methods and systems for correcting image misalignment."

    Jim Hitchin, SpectraScience's CEO, commented, "This is another key patent in our broad patent portfolio that furthers our commitment at SpectraScience to develop better, more reliable cancer screening technologies.

    The patent is important to the Company's optical biopsy technology because, in screening for some forms of cancer, the optical response of the tissue is captured in a sequence of images that are characterized by analyzing the time-dependent response of the tissue as recorded in the sequence. During this type of screening, the tissue may move while images are being taken, resulting in a spatial shift within the image frame field. Being able to correct for this shift increases the effectiveness of the optical biopsy procedure. Tissue movement can be caused by the natural movement of the patient during the procedure, which can occur despite a patient's attempts to remain completely still. This patent provides for an accurate analysis of the sequence of images which would otherwise be misaligned due to movement of the tissue.

    Hitchin added, Accurate imaging is critical to earlier and more effective identification of abnormal, pre-cancerous and/or cancerous tissue, and this invention provides methods of determining a correction for a misalignment in the imaging process that will make our screening devices more powerful to the physician and more important to the patient."

    SpectraScience has filed for 60 patents worldwide on its WavSTAT(R) Optical Biopsy System and LUMA(R) Cervical Imaging System that are used to diagnose tissue to quickly determine if it is normal, pre-cancerous, or cancerous. The WavSTAT and LUMA Systems are currently approved by the FDA for detecting pre-cancer and cancer in the colon and cervix, and an evaluation for detection of pre-cancers in the throat ("Barrett's esophagus") is being tested.

    This news 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. These forward-looking statements involve risks and uncertainties that may cause SpectraScience's actual results to differ materially from results discussed in forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by SpectraScience in this news release, its most recent Form 10-K and in SpectraScience's other reports filed with the Securities and Exchange Commission ("SEC") that attempt to advise interested parties of the risks and factors that may affect SpectraScience's business. These forward- looking statements are qualified in their entirety by the cautions and risk factors filed by SpectraScience in its annual report on Form 10-K and other documents.

    About SpectraScience, Inc.

    SpectraScience is a San Diego based medical device company that designs, develops, manufactures and markets spectrophotometry systems capable of determining whether tissue is normal, pre-cancerous or cancerous without physically removing tissue from the body. The WavSTAT Optical Biopsy System uses light to optically scan tissue and provide the physician with an immediate analysis. With FDA approval for sale in the U.S. and the CE Mark for the European Union, the WavSTAT System is the first commercially available product that incorporates this innovative technology for clinical use. The Company's LUMA imaging technology has received FDA approval for an optical non-invasive system that is proven to more effectively detect cervical cancer precursors than conventional methods available in the market today.

    Contact: SpectraScience, Inc. Jim Hitchin, Chief Executive Officer (858) 847-0200 x201 Hayden Communications Investor Relations Todd Pitcher (858)-518-1387

    SpectraScience, Inc.

    CONTACT: Jim Hitchin, Chief Executive Officer of SpectraScience, Inc.,
    +1-858-847-0200, ext. 201; or Investor Relations, Todd Pitcher of Hayden
    Communications, +1-858-518-1387, for SpectraScience, Inc.




    Moms Say Math is the Most Important Skill for a Child's Future SuccessWorking Mother and Texas Instruments survey reveals parents lack knowledge about tools to help teens on college entrance tests and math homework

    DALLAS, Aug. 13 /PRNewswire/ -- A new survey by Working Mother and Texas Instruments finds that most moms believe math is critical for their children's success in the future job market. However, many of these moms are not aware that the graphing calculators their teens may use in math class every day can be used to help them do well on important college entrance exams such as the SAT*, ACT and AP* tests.

    Working Mother surveyed approximately 500 mothers of U.S. middle school- and high school-aged children from its Smart Moms Council panel for the Mom's Back-to-School Guide (http://www.momsbtsguide.com/), where moms can find helpful tips and resources to make their child's school year successful.(1) Of these moms, more than 55 percent said high school math is more important than any other academic course to ensure the greatest success for their child's future. Eighty-four percent believe it is important for their children to take four years of math in high school, regardless of their future academic plans.

    Nearly half of moms are aware that their high school student uses graphing calculators frequently in math class, but 64 percent are unaware that graphing calculators are permitted on college entrance exams, which can be a key factor in the fiercely competitive college admissions process.

    "Teens' performance on the SAT and ACT exams impacts their ability to get into the colleges and degree plans of their choice and can ultimately affect their career options," said Carol Evans, CEO and founder of Working Mother Media, including Working Mother magazine. "As a mother of two college students and CEO of a company that helps moms make a positive impact on their children's lives, I encourage parents to provide the right tools and resources for them to succeed on these exams and in school, especially in math."

    Students Who Use Graphing Calculators Do Better in Math

    In addition to their benefits on college entrance exams, research shows graphing calculators help students do better in math, especially when they have one to use both at home as well as in class.(2)

    The TI-Nspire(TM) graphing calculator from Texas Instruments is designed with computer features that help students better visualize math concepts and deepen their understanding of math. TI-Nspire graphing calculators are allowed on SAT*, ACT and AP* tests helping students apply the math they learn in the classroom to achieve higher scores on these important college entrance exams.

    Parents Need Math Help, Too

    The survey, which also looked at moms' involvement with homework, found that only 36 percent of moms help their children with homework for 30 minutes or less each day as a majority of moms (68 percent) do not feel capable of helping their child with their math assignments. There are outside resources moms can turn to that can help their children, such as online tutoring from Tutor.com available 24/7 and test preparation from The Princeton Review.

    "Success in math is becoming even more important in preparing our children to succeed in college and the workplace," said Melendy Lovett, president of TI's Education Technology business. "We want to ensure parents are aware of tools and resources available to help their children build a strong foundation in math."

    For more information on the Texas Instruments and Working Mother survey, please visit http://www.momsbtsguide.com/.

    About Carol Evans

    Carol Evans is the CEO and founder of Working Mother Media, which includes Working Mother magazine, and author of "This is How We Do It: The Working Mothers' Manifesto." She has appeared on major talk shows including The Early Show, The Today Show, Good Morning America and PBS. Evans is a highly sought-after keynote speaker on the subject of work-life balancing and the advancement of women. She is a mother of two college students.

    About Texas Instruments

    Education Technology, a business of Texas Instruments, provides a wide range of technology tools connecting the classroom experience with real-world applications and enabling students and teachers to explore math and science interactively. Designed with leading educators and researchers, Texas Instruments educational technology and services are tested against recognized third-party research on effective instruction and improved student learning. Such research shows that use of graphing calculators and wireless classroom networks in the classroom helps teachers implement instructional strategies that lead to student collaboration, higher student interest, engagement and achievement in math. For more than 20 years, TI has worked closely with educators and administrators to develop student-focused curricular and supplemental classroom materials, and it supports the world's largest professional development organization for the appropriate use of educational technology. More information is available at education.ti.com.

    Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.

    Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at http://www.ti.com/.

    About Working Mother Media

    Founded in 1979, Working Mother magazine reaches 2 million readers and is the only national magazine for career-committed mothers. Its 23-year signature initiative, Working Mother 100 Best Companies, is the most important benchmark for work/life practices in corporate America. Working Mother is published by Working Mother Media, which was founded in 2001. WMM includes the National Association for Female Executives (NAFE), Diversity Best Practices, the WorkLife Congress, the Multicultural Women's Conference and Town Halls. Working Mother Media's mission is to champion culture change.

    (1) Source: Working Mother Smart Moms Council Online Survey, July 2008 (2) For information about research showing that graphing calculator use improves students' math skills as well as their attitudes toward math, visit http://www.education.ti.com/research. * SAT & AP are registered trademarks of the College Entrance Examination Board, which was not involved in the production of and does not endorse this product. ACT is a registered trademark of ACT, Inc., which was not involved in the production of and does not endorse this product. Policies subject to change. Visit http://www.collegeboard.com/ and http://www.act.org/ for more information.

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk photodesk@prnewswire.com Texas Instruments Education Technology

    CONTACT: Jacqi Moore of GolinHarris, +1-972-341-2514,
    jmoore@golinharris.com, for Texas Instruments Education Technology

    Web site: http://www.ti.com/
    http://www.education.ti.com/




    CSC Introduces Web Service to Expedite Help to Homeowners Facing ForeclosureCSC Responds to New HOPE NOW Servicer Guidelines with Borrower Inquiry Tool

    FALLS CHURCH, Va., Aug. 13 /PRNewswire/ -- CSC today introduced Borrower Inquiry, a tool homeowners facing foreclosure can use to track the status of their requests for help from their mortgage servicers. This capability also will help expedite workout requests by substantially reducing inbound calls to servicers and thus freeing resources.

    CSC's Borrower Inquiry is the first of several planned shared default management tools the company is designing to facilitate workouts and improve loss mitigation process efficiency. The inquiry tool, which can be used by any servicer, not just those using CSC's EarlyResolution default management software, informs borrowers of progress in accordance with new guidelines. These guidelines, called HOPE NOW Servicer Guidelines, were released in June by a federally encouraged industry alliance to expedite the process of preventing foreclosures.

    With the new tool, borrowers can use a secure Web site to access updates from mortgage servicers on the status of their workouts. Credit counselors who are using CSC's EarlyResolution Counseling Portal can also track workout status from the servicer.

    "Borrowers at risk of losing their homes to foreclosure are understandably in a stressful position and eager to seek a potential workout that could resolve the delinquency," said Ed Delgado, Wells Fargo Home Mortgage senior vice president and HOPE NOW Alliance Technology Committee chair. "We are focused on developing innovations to expedite the process and facilitate communication between customers and loan servicers. We believe that CSC's new tool has the potential to reduce the inbound call volume regarding workout status by as much as 30 percent. This is critical in freeing staff to focus on the larger picture of preventing foreclosures."

    "This Web-accessible inquiry capability is a natural follow-on to our recently launched EarlyResolution Counseling Portal," said Kevin Schlumpf, managing director of the EarlyResolution practice within CSC's Financial Services Sector. "Servicers are struggling to keep pace with increasing loss mitigation volume and the accompanying increase of inbound calls from borrowers inquiring about their delinquency resolution status. This solution will help alleviate both issues."

    About HOPE NOW

    HOPE NOW is an alliance between counselors, servicers, investors and other mortgage market participants. The alliance, which is encouraged by the U.S. Department of Treasury and U.S. Department of Housing and Urban Development, is increasing its outreach efforts to homeowners in distress and creating a unified, coordinated plan to support as many as possible.

    About CSC

    CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 90,000 employees and reported revenue of $17.1 billion for the 12 months ended July 4, 2008. For more information, visit the company's Web site at http://www.csc.com/.

    CSC

    CONTACT: Marian Kelley, Director, Media and Analyst Relations, Financial
    Services Sector, +1-512-275-5722, mkelley3@csc.com, or Janet Herin, Sr.
    Manager, Media Relations, Corporate, +1-310-615-1693, jherin@csc.com, both of
    CSC

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




    Medialink To Report Second Quarter 2008 Results on August 14

    NEW YORK, Aug. 13 /PRNewswire-FirstCall/ -- Medialink Worldwide Incorporated , a leading provider of diversified media services for professional communicators and marketers, will report results for the quarter ended June 30, 2008, on Thursday, August 14, 2008, prior to the opening of U.S. stock markets.

    Following the earnings release on Thursday, August 14, 2008, Medialink will host a teleconference with a simultaneous webcast at 11:00 a.m. Eastern Time to discuss the Company's quarterly results and the overall industry outlook. Participating on the teleconference will be Laurence Moskowitz, Chairman, President and Chief Executive Officer, and Kenneth G. Torosian, Chief Financial Officer. To access the teleconference, please dial 1-866-831-6224 (domestic) or 1-617-213-8853 (international) and use "68703245" as the passcode, approximately 10 minutes prior to the start time.

    The conference call will be webcast live by Thomson Financial and can be accessed at Medialink's Web site at http://www.medialink.com/. The webcast is also being distributed through the Thomson StreetEvents Network via http://www.earnings.com/ (for individual investors) and http://www.streetevents.com/ (for institutional investors). To listen to the webcast, please go to any of these websites about 10 minutes prior to the start of the call to register, download, and install any necessary audio software.

    For those unable to listen to the live broadcast, a replay will be available on the Company's Web site or by dialing 1-888-286-8010 (domestic) or 1-617-801-6888 (international), with playback access code 62792265, starting approximately two hours after the conclusion of the call and available until August 28, 2008.

    About Medialink:

    Medialink (http://www.medialink.com/) is a global leader in providing unique news and marketing media strategies and solutions that enable corporations and organizations to inform and educate their intended audiences with maximum impact on television, radio, print, and the Internet. The Company offers creative services and multimedia distribution programs including video and audio news and short-form programming. Based in New York, Medialink has offices in major cities throughout the United States and an international hub in London.

    With the exception of the historical information contained in the release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Actual results may vary materially from those expressed or implied by the statements herein. Such statements may relate, among other things, to our ability to respond to economic changes and improve operational efficiency, the benefits of our products to be realized by our customers, or our plans, objectives, and expected financial and operating results. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances or using words such as: will, believe, anticipate, expect, could, may, estimate, project, plan, predict, intend or similar expressions that involve risk or uncertainty. These risks and uncertainties include, among other things, our recent history of losses; our ability to achieve or maintain profitability; potential regulatory action; worldwide economic weakness; geopolitical conditions and continued threats of terrorism; effectiveness of our cost reduction programs; the receptiveness of the media to our services; changes in our marketplace that could limit or reduce the perceived value of our services to our clients; our ability to develop new services and market acceptance of such services, such as Mediaseed(R); the volume and importance of breaking news, which can have the effect of crowding out the content we produce and deliver to broadcast outlets on behalf of our clients; our ability to develop new products and services that keep pace with technology; the process of embedding a Teletrax watermark or the watermark itself rendering client content unsuitable for broadcast; our ability to develop and maintain successful relationships with critical vendors; the potential negative effects of our international operations on the Company; future acquisitions or divestitures, which may adversely affect our operations and financial results; the absence of long term contracts with customers and vendors; and increased competition, which may have an adverse effect on pricing, revenues, gross margins and our customer base. More detailed information about these risk factors is set forth in filings by Medialink Worldwide Incorporated with the Securities and Exchange Commission, including the Company's registration statement, most recent quarterly report on Form 10-Q, most recent annual report on Form 10-K and other publicly available information regarding the Company. Medialink Worldwide Incorporated 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.

    Medialink Worldwide Incorporated

    CONTACT: Kenneth Torosian, Chief Financial Officer of Medialink
    Worldwide Incorporated, +1-212-682-8300, IR@medialink.com; or Jordan M.
    Darrow, Investor Relations of Darrow Associates, Inc., +1-631-367-1866,
    jdarrow@darrowir.com

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




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

    EVERETT, Wash., Aug. 13 /PRNewswire/ -- Residents of Woodinville are a major step closer to having an innovative, reliable and competitive alternative for their television services, thanks to a unanimous vote by the City Council Tuesday night (Aug. 12) authorizing Verizon to offer its fiber-optic-powered FiOS TV.

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

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

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

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

    The new franchise gives Verizon the authority to offer FiOS TV to up to 3,600 households in Woodinville. Many Verizon customers in Washington are already enjoying FiOS Internet service, which delivers ultra-fast download speeds up to 50 Mbps (megabits per second).*

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

    FiOS TV Service Highlights FiOS TV service highlights include:

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

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

    -- An industry-leading library of more than 11,000 video-on-demand (VOD) titles each month, 70 percent of which are free. In addition, an increasing number of VOD titles in high definition, with plans for 1,000 HD VOD titles per month by the end of the year.

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

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

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

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

    Everett consumers can check online at http://www.verizon.com/fios for more information or to request that Verizon contact them when FiOS TV becomes available. Customers also can call their local Verizon sales office or +1-888-GET FiOS (+1-888-438-3467).

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

    * NOTE: actual (throughput) speeds will vary.

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

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

    Verizon

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

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

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




    Live and Mobile: MTV and Flixwagon Deliver 6 Million Video Streams To Jonas Brothers Fans During a First-Of-Its-Kind Nonstop Blogging EventMTV Broadcast Crews Armed With Video Phones Premiere Exclusive Footage and Performances Online and on MTV

    NEW YORK, Aug. 13 /PRNewswire/ -- This weekend, MTV (http://www.mtv.com/) followed the lives of rock phenoms the Jonas Brothers (http://www.mtv.com/music/artist/jonas_brothers/artist.jhtml) by streaming video content on the internet while bringing footage on-air with "Jonas Brothers: Live & Mobile" on Saturday, August 9. In addition to the live video streams, MTV live-blogged all the goings-on behind the scenes at the Buzzworthy (http://buzzworthy.mtv.com/) blog on Friday and Saturday during the brothers' promotional tour for their new album "A Little Bit Longer" (http://www.mtv.com/music/the_leak/jonas_brothers/a_little_bit_longer).

    "MTV was thrilled to have the opportunity to give fans of the Jonas Brothers a live, intimate look at a couple of days on tour. From waking up in the hotel and having breakfast on Saturday morning, taking a helicopter to a concert in the Hamptons, backstage prep moments, all the way until the brothers were under the stage as the band began their Madison Square Garden concert, viewers got the most revealing look at the Jonas Brothers to date," said Dave Sirulnick, Executive Vice President, News and Production for MTV. "Bringing together our television, mobile and online production teams with Flixwagon's streaming abilities allowed us to reach our viewers on multiple platforms, simultaneously, creating a truly unique broadcasting experience for MTV."

    From mid-afternoon on Friday through Sunday, August 10 at midnight ET, fans of the band visited http://jonasbros.mtv.com/ to watch 6 million streams of Jonas Brothers clips totaling 60,000 hours of content viewed, as the Buzzworthy blog received upwards of 90,000 comments on posts documenting the weekend. In comparison, the latest season of The Hills received 5 million streams during a three day period following its finale. Additionally, Saturday, August 9 marked the biggest day in the Buzzworthy blog's history with 281K page views, exceeding the previous record, set the day after the 2007 VMAs, by 14K page views.

    MTV utilized an innovative mobile-to-web broadcasting technology by Flixwagon (http://www.flixwagon.com/) to stream live video footage online and on-air using mobile phones. Flixwagon's application allows anyone using a capable 3G mobile phone to easily stream live, high-quality video directly to the web. This combination of mobile broadcasting technology and as-it-happens coverage is reminiscent of News and Docs' series "Diary," but with a live and direct twist.

    "Supporting this weekend's event is yet another application of how our Flixwagon technology allows companies like MTV to deliver unique marketing and branding experiences," said Eran Hess, president, Flixwagon. "Having worked with MTV during the Super Tuesday 'Choose or Lose' campaign back in February, we continue to demonstrate the scalability and flexibility of our high-quality broadcasting platform."

    Throughout the weekend, viewers were treated to clips of the band on-air during commercial breaks at least twice per hour on MTV from 4-9pm ET on Friday and 8am and 10pm on Saturday, and rounded up the weekend with three clip shows on Saturday, shot entirely with mobile phones. Fans were able to see a different side of the Jonas Brothers than what they would typically be accustomed to, including a peek at how the guys prepare for a show, traveling from NYC to the Hamptons and back via helicopter, and right up until the moment that they walk on stage at Madison Square Garden.

    The use of Flixwagon's mobile broadcasting technology offered a new level of flexibility and complexity as MTV bloggers posted the inside scoop from the heart of the Jonas Brothers madness live on the site. Visitors to the blog posted comments on the individual clips, and MTV's Buzzworthy blogger posed viewer questions to the Jonas Brothers, who responded through follow-up clips. All told, MTV crews shot more than 600 clips, with more than 30 hours of production going into the "Live & Mobile" event.

    About MTV

    MTV is the dynamic, vibrant experiment at the intersection of music, creativity and youth culture. For over 26 years, MTV has evolved, challenged the norm, and detonated boundaries -- giving each new generation a creative outlet and voice that entertains, informs and unites on every platform and screen. On-air, MTV has been the number one rated 24 hour ad-supported cable network P12-24 for 16 straight years. Online, MTV.com scored double-digit growth in 2007 and MTV launched 15 dynamic online communities and eight new virtual worlds. On the go, MTV Mobile is the #1 music brand in the wireless space -- delivering 90% more streams than in 2006. And MTV's successful sibling networks MTV2, mtvU and MTV Tr3s each deliver unprecedented customized content, super-serving music fans, college students and young American Latinos like no one else. MTV is part of MTV Networks, a unit of Viacom , one of the world's leading creators of programming and content across all media platforms. Wanna know more? Come on in ... http://www.mtvpress.com/.

    About Flixwagon

    Flixwagon is changing how people capture and share video on the web. It provides an application to easily stream live, high-quality video from a mobile phone directly to the Web. With Flixwagon, you can broadcast your world to individuals and groups, your blog, social networks and leading video sites. Flixwagon is privately held with offices in Boston, USA and Tel Aviv, Israel. For more information, visit http://www.flixwagon.com/ and http://blog.flixwagon.com/.

    MTV

    CONTACT: Tom Biro, +1-212-846-6406, or tom.biro@mtvstaff.com, or Lameka
    Lucas, +1-212-846-4835, or lameka.lucas@mtvstaff.com, both of MTV; or Shannon
    Cortina of Springboard Public Relations for Flixwagon, +1-732-863-1900, ext.
    203, or Shannon.cortina@springboardPR.com

    Web site: http://www.mtv.com/
    http://www.flixwagon.com/
    http://blog.flixwagon.com/
    http://www.mtvpress.com/
    http://jonasbros.mtv.com/
    http://buzzworthy.mtv.com/




    LocatePLUS Announces Q2 Unaudited ResultsIssues letter to Shareholders and Schedules Earnings Call

    BEVERLY, Mass., Aug. 13 /PRNewswire-FirstCall/ -- LocatePLUS Holdings Corporation (Pink Sheets: LPHC) letter to Shareholders:

    While the first twelve months in my role as President and CEO have been challenging, they have also been an exciting time for both me and LocatePLUS. When I was privileged with the appointment to President and CEO, I knew there were many things to accomplish, and the challenges were on many fronts. My plan called for a four phase approach to rebuilding the Company. One; cut expenses, two; correct data and infrastructure issues, three; initiate a large scale sales and marketing initiative, and finally; once the business is back on track, initiate a shareholder awareness and communication program. I am pleased to report, the first two phases of my plan were completed during the first eight months, the third phase has been underway now for approximately four months, and now I am embarking on phase four.

    Since the Company has had its issues in the past with living up to promises, I did not want to make statements to the public without building credibility. I believe now with two successful quarters of performance, I am in a position to reach out to the shareholders and explain what the Company has been doing over the last year, and talk about the current challenges we face.

    In the first quarter 2008, revenue was $2,113,225, up over the first quarter 2007, of $2,090,156, or 1%. In the second quarter 2008, revenue was $2,102,768, up over the second quarter 2007, of $2,066,265, or 2%. These quarters represent the first quarters with year over year increases in five successive quarters of year over year declines. More importantly, total operating expenses in the first quarter 2008 were $2,092,761 versus $2,775,962 in the first quarter of 2007, or a 25% improvement. Total operating expenses in the second quarter 2008 were $2,181,570 versus $2,075,271 in the second quarter of 2007, or an improvement of 5%. The result was an operating profit for through the first six months of $47,962 in 2008, versus a loss in the first six months of $(801,111) in 2007, an improvement of 106%. Despite these achievements, we are still not yet bottom line profitable. We continue to face the challenge of servicing our debt.

    As most are aware, to grow a business requires capital. Capital can either come from internally generated cash flow, an infusion of equity, or in the form of debt. Since all of our free cash flow is going to service debt, our ability to grow is limited. In addition, we currently are restricted from raising any equity because the Company has issued or reserved its total twenty five million authorized shares. Replacing current debt with new debt is not the answer, as it will leave the Company in the same situation of trying to service debt while also trying to grow. The only answer is to clean up our debt by converting it to equity. This can only happen if we are successful in our vote to increase our authorized shares. This is not only the best thing for shareholders from a growth perspective, it is required to bring the Company current with its secured debt provider.

    The Company has not yet achieved the level of cash flow sufficient to service its debt. If we are unable to convert this note to equity, this debt holder will most likely exercise its right to foreclose on the assets of the Company. This would leave the shareholders with nothing.

    I am aware that there is a group promising many shareholders a plan to solve our debt issue by scaring them with "dilution" and asking them to vote in our current proxy to deny an increase in authorized shares. However, what isn't known is that I had a meeting with this group. They do not have a plan. The meeting included me, this group, and money raisers, not a fund with money. I asked for their plan. One option put forth by the money raisers was to sell one hundred million shares at $0.05 to raise $5 million and clean up our debt. This was by the group claiming "dilution." I am always open to any plan that is in the best interest of shareholders, but there is no plan.

    To add insult to injury, the leader of this group does not appear to own a single share of stock in LocatePLUS, so he has nothing at stake, but on the contrary stands to make a lot of money on this process. You need to question the motives of an individual like this. Now, believe me when I say I have the Company and Shareholders best interest at heart. I say this because unlike the leader of this group, I am a very large shareholder, and do have a lot to lose if they are successful in scaring shareholders into a vote against an increase. A vote against an increase will not only substantially damage LocatePLUS, but more importantly, shareholders' value.

    In closing, we have made great strides in the last twelve months and the Company is on the right track. Although growth has been slower than I would like due to the legacy debt service, we have a plan to solve that problem and drive substantial growth and shareholder value. However, if we are unsuccessful in educating our shareholders as to the importance of a vote to increase our authorized shares, the Company could face severe hardship. I only hope all shareholders understand how important this upcoming vote will be and what it means for the future of the Company. I will be holding an earnings/update call on August 18, 2008 at 4:30 pm eastern time. Details for dial in instructions will be sent out in a separate release.

    My Sincere Thanks; James C. Fields President & CEO About LocatePLUS

    LocatePLUS is an industry-leading provider of public information and investigative solutions that are currently being used in homeland security, anti-terrorism and crime fighting initiatives. The Company's proprietary, Internet-accessible database is marketed to business-to-business and business-to-government sectors worldwide. LocatePLUS' customer base exceeds 13,500 members, including over 2,000 law enforcement agencies, as well as many major police departments across the country. Clients include many of the nation's leading agencies.

    Based on the 2000 United States Census figures and Company estimates, LocatePLUS has information on nearly 98% of the adult population and data entries relating to approximately 205 million individuals in the United States -- maintained in one of the largest and most comprehensive XML data sources of its kind, capable of national delivery. For more information, visit the Company's Website at http://www.locateplus.com/.

    Safe Harbor Statement from LocatePLUS: Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and network or service offering growth, together with other statements that are not historical facts, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgment of the party making such statements based upon currently available information and involve a number of risks and uncertainties, including the timing of any expansion of the Company's database, and other factors which could cause actual results to differ materially from those stated in such statements. Risks, uncertainties and factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by the Company with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors.

    LocatePLUS Contact: James Fields LocatePLUS Holdings Corp. Tel: 978-921-2727

    LocatePLUS Holdings Corporation

    CONTACT: James Fields of LocatePLUS Holdings Corp., +1-978-921-2727

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




    SonicWALL Reports Inducement Grants Under Nasdaq Marketplace Rule 4350

    SUNNYVALE, Calif., Aug. 13 /PRNewswire-FirstCall/ -- SonicWALL, Inc. , a leading secure network infrastructure company, today announced that on August 8, 2008 the Compensation Committee of the company's Board of Directors approved the grants of options to purchase up to 34,800 shares of common stock with an exercise price equal to the fair market value on the grant date to a total of fifty three (53) new employees of the company, of which forty four (44) employees joined the company in connection with the in-sourcing of certain technical support functions in Bangalore, India and Tempe, Arizona.

    Each option is a non-qualified stock option and has an exercise price equal to the fair market value of the underlying shares as of the grant date. The options vest as to 25% of the covered shares on the first anniversary of the grant date and as to 1/48 of the covered shares each moth thereafter, so as to be 100% vested on the fourth anniversary of the grant date, subject to the employee's continued service. The options have a maximum term of seven (7) years.

    The options were granted as inducements material to employment under the company's 2008 Inducement Equity Incentive Plan in accordance with NASDAQ Marketplace Rule 4350(i)(l)(A)(iv).

    SonicWALL, Inc.

    CONTACT: Qin Zou of SonicWALL, Inc., +1-408-962-6346,
    qzou@sonicwall.com

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




    comScore Ranked as Fastest Growing Company Among 20 Largest Global Market Research FirmscomScore Global Revenue Grew 32 Percent in 2007

    RESTON, Va., Aug. 13 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today announced that it was recently recognized in the 35th annual Honomichl rankings as the 16th largest U.S. market research firm, and the 20th largest firm globally. The ranking, published in Marketing News, a journal of the American Marketing Association, ranked the top 50 U.S. and top 25 global market research firms based on their 2007 revenues. comScore ascended two positions in this year's U.S. ranking and one position in the global ranking.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)

    In 2007, comScore domestic revenue grew 26 percent to $77 million, while global revenue climbed 32 percent to $87 million. In each case, comScore revenue growth significantly outpaced all higher ranking research firms. Since its inception in 1999, comScore has rapidly grown into one of the world's leading research firms and a premier provider of digital marketing intelligence.

    "We are very pleased to once again be recognized for our growth and position among the largest market research firms in the world," said Magid Abraham, President and CEO of comScore. "To be ranked as the 16th largest firm in the U.S. and 20th worldwide is quite an achievement for such a young company. Our continued innovations and commitment to the highest quality research have helped make us one of the acknowledged leaders in our industry and now a successful public company. We look forward to building on our successes and continuing to drive growth in our clients' businesses as they leverage the power of digital marketing."

    About comScore

    comScore, Inc. is a global leader in measuring the digital world. For more information, please visit http://www.comscore.com/boilerplate.

    Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com comScore, Inc.

    CONTACT: Andrew Lipsman of comScore, Inc., +1-312-775-6510,
    press@comscore.com

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




    Carrier Corp. Secures Nearly 70 Percent of HVAC Contracts for Beijing Games

    BEIJING, Aug. 13 /PRNewswire/ -- Carrier Corp., a unit of United Technologies Corp. , achieved another milestone in its connection to the 2008 Beijing Games, securing nearly 70 percent of all heating, ventilating and air-conditioning contracts for the venues. Carrier supplied a full line of integrated systems to the Summer Games facilities, ranging from AquaSnap(R) air-cooled chillers with Puron(R) refrigerant to large centrifugal chillers to air-handling units, fan coil units and the Carrier Comfort Network (CCN) controls system.

    The "Water Cube" National Aquatics Center, one of the major venues for the Beijing Games, utilizes four Carrier centrifugal chillers, a control network and air-side products. Carrier's innovative technology recovers more than 50 percent of the exhaust heat in the aquatics center and then uses it to warm the swimming pool. "This technology reduces heat emission in the environment as well as the energy consumed for heating," stated Ross Shuster, president, Carrier Building Systems and Services, Asia. "Additionally, our high tier air-handling units have gone through a strict anticorrosive process to ensure long-term operation under a damp and high-chlorine indoor environment."

    Another application featuring Carrier's customized solutions is the Beijing University of Technology Gymnasium for badminton and rhythmic gymnastics. Carrier's uniquely designed air-conditioning system uses a water-source heat pump to employ ground water to prepare cold and hot water for air conditioning.

    The "Bird's Nest" National Stadium features the first Chinese-produced HVAC product certified by EN 1886, the highest international HVAC standards. Carrier's air-handling units have air leakage rate of less then 1 percent and each unit is equipped with Carrier's new high-voltage electrostatic air cleaner to remove airborne particles which improves indoor air quality.

    To ensure that the air-conditioning systems in all venues operate smoothly and efficiently, Carrier established a Remote Monitoring Center for the Beijing Games. The high-tech center can trace and analyze the data of air-conditioning system operations and release warnings. "This service helps ensure that Carrier's air-conditioning systems are operating under optimized conditions with maximum energy efficiency," added Shuster.

    One important venue in Beijing is a multi-building community that will house athletes during the games. The Beijing Olympic Village achieved LEED(R) ND (Leadership in Energy and Environmental Design for Neighborhood Development) certification with design consultation support from Environmental Market Solutions, Inc. (EMSI). EMSI is an environmental and green building company owned by Carrier Corp. The U.S. Green Building Council (USGBC) awards the venue LEED ND certification at the Gold level.

    With a long tradition of environmental leadership, Carrier's forward- looking view drives the company to address the environmental effect of products well in advance of regulatory timetables. Carrier was the pioneer in the global phase-out of chlorofluorocarbons (CFCs) in 1994 and introduced Puron(R) refrigerant, a non-ozone depleting refrigerant, into air-conditioning systems in 1996. Carrier is leading the transition away from hydrochlorofluorocarbons (HCFCs) as well to further promoting ozone preservation. Carrier's environmental stewardship extends beyond its products. Since 1997, Carrier has doubled sales but kept energy use flat.

    Carrier's Environmental Leadership

    For its environmental leadership around the world, Carrier Corp. was awarded the 2007 U.S. Environmental Protection Agency's Stratospheric Ozone Protection Award as well as the Lifetime Achievement Award from the Chinese Environmental Protection Agency (EPA). In addition, Carrier was the first HVAC manufacturer to be permitted entry into the U.S. EPA's Climate Leader program and a corporate founding member of the U.S. Green Building Council.

    "Worldwide, Carrier invests in innovative products and solutions that meet the varied needs of customers in an environmentally sound manner," said Kelly Romano, president, Building Systems and Services, Carrier. "The 'green' values that are apparent in Carrier's work for the 2008 Beijing Games are the same principles that have built both the success of Carrier Corp. and our reputation for visionary environmental leadership."

    For more information on these and other Carrier and EMSI projects and services visit http://www.carrier.com/.

    About Carrier Corp.

    Carrier Corp., headquartered in Farmington, Conn., is the world's largest provider of heating, air-conditioning and refrigeration solutions. With 2007 revenues of $14.6 billion, Carrier has approximately 43,000 employees worldwide and operations in more than 170 countries. Carrier is part of United Technologies Corp., a Hartford, Connecticut-based provider of products and services to the aerospace and building systems industries worldwide. Visit http://www.carrier.com/ for more information.

    About EMSI

    Established in 2000, Environmental Market Solutions, Inc. (EMSI) is an environmental and green building consulting company with offices in Washington, D.C., Missouri, Beijing and Shanghai. The company provides sustainable design consulting services to building developers and owners to create energy-efficient and LEED-certified buildings.

    Carrier Corp.

    CONTACT: Mary Milmoe of Carrier Corp., +1-315-432-7169,
    Mary.milmoe@carrier.utc.com

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




    Ibbotson Selected by ING Financial Advisers to Create Model Portfolios for Active ETF Strategies and Tax-Sensitive Strategies

    CHICAGO, Aug. 13 /PRNewswire-FirstCall/ -- Ibbotson Associates, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. , has been selected by ING Financial Advisers, LLC to create a family of active exchange-traded fund (ETF) model portfolios that dynamically change allocation to take advantage of price trends. Ibbotson will also develop a set of tax-sensitive model portfolios that are optimized to produce low tax liabilities for investors. All of the portfolios are designed for use by financial advisors within ING Financial Advisers, a registered investment advisor. Ibbotson serves as an independent consultant to ING Financial Advisers.

    "The ING Momentum ETF Strategy(TM) program is a unique approach combining investment techniques and utilizing low-cost ETFs in a way that brings value to our clients. Combining the expertise of ING and Ibbotson will allow our representatives to present innovative financial solutions that address our clients' financial needs in many different areas," said Ronald Barhorst, president of ING Financial Advisers, LLC. "We have found that higher net worth investors who understand equities are seeking exposure to more market segments and asset classes for their retirement and longer-term portfolios. The use of ETFs with broader asset allocations is a potential solution to provide greater market exposure."

    Ranging from conservative to aggressive, Ibbotson's active ETF portfolios start with a strategic asset allocation to an extremely diverse set of asset classes, similar to the most sophisticated institutional portfolios. Next, Ibbotson ranks the asset classes in the active ETF portfolio based on performance. The top asset classes are overweighted while the bottom asset classes are underweighted to try to capture the momentum effect in the stock market. The portfolio comprises 20 asset classes, including traditional domestic and international equity and fixed income as well as domestic and international real estate investment trusts, listed private equity, emerging market bonds, small-cap international equity, commodities, treasury inflation- protected securities, and high-yield bonds.

    "A large body of academic work suggests that asset returns have some degree of predictability. Our dynamic momentum methodology used in these active ETF portfolios is designed to take advantage of this market behavior," said Peng Chen, president of Ibbotson Associates.

    For the ING Wealth Management Tax Sensitive Strategy(TM), Ibbotson constructs the asset allocation policy and selects funds, taking into consideration the tax implications for investors. Ibbotson first develops after-tax capital market assumptions for each asset class to construct the asset allocation policy. Ibbotson then selects the funds according to its proprietary tax-efficiency measure.

    "We can't control the gyrations of the market, but we can create portfolios that are diversified and tax efficient to help investors achieve more stable performance and keep more of the returns," Chen added.

    One area of concern to investors is the effect of taxes on portfolio earnings. "With Ibbotson's assistance we have also developed an investment advisory program that seeks to minimize the tax effect on a portfolio while taking appropriate levels of risk to maximize a portfolio's return. We are excited about these programs and the solutions we can bring to our clients," Barhorst added.

    This initiative is an extension of Ibbotson Associates' consulting relationship with ING Financial Advisers. Ibbotson provides investment analysis and fund selection and monitoring services for the ING Wealth Management discretionary investment advisory program. Ibbotson is also a consultant to the ING VA Lifestyle Golden Select Program.

    About Morningstar, Inc. and Ibbotson Associates

    Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 280,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 18 countries and minority ownership positions in companies based in three other countries.

    Ibbotson Associates is a leading independent asset allocation provider offering investment advisory services, retirement advice programs, and customized research. Ibbotson applies academic research to create real-world strategies for financial institutions. Founded in 1977, Ibbotson is a registered investment advisor and wholly owned subsidiary of Morningstar, Inc.

    About ING

    ING Groep, N.V. (ING) is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 130,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand. Securities and Investment Advisory Services offered through ING Financial Advisers, LLC (member SIPC) One Orange Way Windsor, CT 06095. ING Financial Advisors is a wholly owned subsidiary of ING Groep, N.V. C08-0728-015R

    (C)2008 Ibbotson Associates, Inc. All rights reserved. The Ibbotson name and logo are registered marks of Ibbotson Associates, Inc. Ibbotson Associates is a registered investment advisor and wholly owned subsidiary of Morningstar, Inc.

    Ibbotson Associates, a wholly owned subsidiary of Morningstar, Inc.

    CONTACT: Alexa Auerbach of Morningstar, Inc., +1-312-696-6481,
    alexa.auerbach@morningstar.com; or Deborah Pont of ING Groep, N.V.,
    +1-860-580-2678, deborah.pont@us.ing.com

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




    Integral Systems Announces Stock SplitBoard approves stock split to be effected as stock dividend of Integral Systems Inc. common stock

    LANHAM, Md., Aug. 13 /PRNewswire-FirstCall/ -- Integral Systems, Inc. (the "Company") today announced that the Board of Directors has approved and declared a stock split. The stock split will be effected in the form of a stock dividend, for which one share of common stock will be distributed for each one share of common stock issued and outstanding to holders as of the close of business on the record date of August 25, 2008. The additional shares of common stock will be distributed to the Company's stockholders by Registrar & Transfer Co., the Company's transfer agent, on September 5, 2008. The Company expects that its outstanding common stock will begin to trade on a post-adjusted basis on Nasdaq on September 8, 2008.

    As of August 1, 2008, there were 8,555,367 shares of common stock issued and outstanding, and approximately 1,360,780 shares of common stock reserved for issuance under the Company's equity incentive and stock purchase plans.

    About Integral Systems

    Founded in 1982, Integral Systems is a leading provider of satellite ground systems and has supported more than 205 different satellite missions for communications, science, meteorological, and earth resource applications. Integral Systems was the first company to offer an integrated suite of Commercial-Off-the-Shelf (COTS) software products for satellite command and control: the EPOCH Integrated Product Suite (IPS) product line. EPOCH IPS has become the world market leader in commercial applications with successful installations on five continents.

    Through its wholly-owned subsidiary, SAT Corporation, Integral Systems provides satellite and terrestrial communications signal monitoring systems to satellite operators and users throughout the world. Through its Newpoint Technologies, Inc., subsidiary, Integral Systems also provides software for equipment monitoring and control to satellite operators, broadcasters, and telecommunications firms. Integral Systems' RT Logic subsidiary builds telemetry processing systems for military applications, including tracking stations, control centers, and range operations. Integral Systems' Lumistar, Inc., subsidiary provides system- and board-level telemetry acquisition products. Integral Systems has approximately 500 employees working at its headquarters in Lanham, MD, and at other locations in the U.S. and Europe. For more information, visit http://www.integ.com/.

    Except for statements of historical facts, this news release contains forward-looking statements about the Company, including but not necessarily limited to the Company's financial projections, all of which are based on the Company's current expectations. There can be no assurance that the Company's projections will in fact be achieved and these projections do not reflect any acquisitions or divestitures that may occur in the future. The forward- looking statements contained in this news release are subject to additional risks and uncertainties, including the Company's reliance on contracts and subcontracts funded by the U.S. government, intense competition in the ground systems industry, the competitive bidding process to which the Company's government and commercial contracts are subject, the Company's dependence on the satellite industry for most of its revenues, rapid technological changes in the satellite industry, the Company's acquisition strategy and those other risks noted in the Company's SEC filings. The Company assumes no obligation to update or revise any forward-looking statements appearing in this news release.

    Integral Systems, Inc.

    CONTACT: William M. Bambarger, Jr., Chief Financial Officer of Integral
    Systems, Inc., +1-301-731-4233 ext. 1244, Fax: +1-301-731-3183; or Media,
    Tonya Bacon of Strategic Communications Group, +1-301-408-4500 ext. 1085,
    tbacon@gotostrategic.com

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




    /C O R R E C T I O N -- AT&T Inc./In the news release, AT&T (NYSE: T) and North Haven Senior Center Host 'Cell Phones for Seniors' and 'Surfing for Seniors' Events August 14th, issued earlier today by AT&T Inc. over PR Newswire, we are advised by a representative of the company that the sixth paragraph has changed and should now read as follows: "Technology, in its many aspects, offers consumers many new and useful ways to enrich our lives," said State Representative Steve Fontana (D - North Haven). "I commend AT&T for its efforts to inform and educate mature consumers on how to use communications and information technology in a convenient and safe manner." Complete, corrected release follows:AT&T and North Haven Senior Center Host 'Cell Phones for Seniors' and 'Surfing for Seniors' Events August 14thAT&T Volunteers Tutor Senior Citizens on Everything from How to Text Grandkids to Avoiding Internet Scams in a Series of Free Educational Seminars offered across the Nutmeg State

    NEW HAVEN, Conn., Aug. 13 /PRNewswire-FirstCall/ -- AT&T Inc. announced today the launch of a new public service initiative designed to benefit Connecticut's mature adult population. AT&T Connecticut will host a series of free events, titled "Cell Phones for Seniors" and "Surfing for Seniors" at senior centers throughout Connecticut over the next several months. The first of these is scheduled on August 14, from 10:00 a.m. to 2:30 p.m. at the North Haven Senior Center, 189 Pool Road, North Haven, Conn.

    "AT&T's free seminar is a unique opportunity for seniors to receive help with two areas of technology that are engrained in our daily lives -- mobile phones and the Internet," said Judy Amarone, manager, North Haven Senior Center. "With AT&T's assistance, we expect our members to be able to walk away feeling more comfortable and confident that they will have a positive, safe experience using their cell phones and surfing the Internet."

    This event is open to the public and mature adults interested in attending are encouraged to call the North Haven Senior Center at 203-239-5432.

    In "Cell Phones for Seniors", which starts at 10 a.m., AT&T volunteers will work in a classroom setting to teach seniors about mobile phone basics, such as controlling the phone volume, checking voice mail, and storing a number in the phone's address book. Seniors can also learn about AT&T's Hearing Aid Compatible (HAC) options as well as how to send text messages and share pictures on their phones. Participants are encouraged to bring their mobile phones, regardless of which wireless carrier they currently use. AT&T will also have free "practice" phones on-site.

    In "Surfing for Seniors", starting at 1 p.m. mature adults will receive training from AT&T representatives in a classroom setting where they'll learn how to safely navigate the information superhighway, including understanding the risks and needed precautions to surf safely and securely. Topics will include how avoid spam, scams, fraud and phishing schemes, as well as privacy best practices and how to use spyware.

    "Technology, in its many aspects, offers consumers many new and useful ways to enrich our lives," said State Representative Steve Fontana (D - North Haven). "I commend AT&T for its efforts to inform and educate mature consumers on how to use communications and information technology in a convenient and safe manner."

    "These events are a great example of AT&T's philosophy to connect people with their world, where they live and work," said Ramona Carlow, president, AT&T Connecticut. "Our goal with these events is to make even better and lasting connections using mobile phones and the Internet -- both safely and securely."

    Below are more dates and locations are open to the mature adult public: Mansfield: August 18, 2008, 12:30 - 4 p.m. Mansfield Senior Center 303 Maple Road, Mansfield, Conn Hartford: August 20, 2008, 10:30 a.m. - 2:30 p.m. Southend Wellness Senior Center 830 Maple Avenue, Hartford, Conn Norwalk: August, 26, 2008, 10:30 - 11:30 a.m. Norwalk Senior Center 584 Main Avenue, Norwalk, Conn Meriden: August 27, 2008, 11 a.m. - 12:30 p.m. Meriden Senior Center 22 W. Main Street, Meriden, Conn

    AT&T has plans to expand the "Cell Phones for Seniors" and "Surfing for Seniors" programs to other areas of Connecticut in the coming weeks and months. For additional information on the Connecticut event series - or to inquire about scheduling a free seminar in your community - please contact Sarah Beth Luce Del Prete at 203-771-0212.

    For the complete array of AT&T offerings, visit http://www.att.com/. About AT&T

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

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

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

    AT&T Inc.

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




    On2 Technologies Announces Rescheduled Date for Second Quarter Financial Results Release and Conference CallSchedules Investor Conference Call for 5:00 p.m. ET, Thursday, August 14th

    TARRYTOWN, N.Y., Aug. 13 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. , a leader in video compression solutions, today announced that it will report financial results for the second quarter ended June 30, 2008, after market close on Thursday, August 14, 2008. Management will host a conference call and webcast to review the results.

    Both the conference call and live webcast will begin at 5:00 p.m. ET. The earnings release and related financial information to be discussed during the call will be available on the Company's website at http://www.on2.com/index.php?480.

    What: On2 second quarter 2008 financial results conference call When: Thursday, August 14, 2008 Time: 5:00 p.m. ET Live Call: (877) 407-9210, domestic (201) 689-8049, international Replay: (877) 660-6853 (201) 612-7415 Replay Passcodes: Account #: 286 Conference ID #: 292793 Webcast: http://www.investorcalendar.com/IC/CEPage.asp?ID=132436 (live and replay) The webcast will be available until August 7, 2009. About On2

    On2 creates advanced video compression technologies for desktop and wireless. Powering the video in many of today's leading web and mobile applications and devices, On2's customers include: Nokia, Infineon, MediaTek, Sony, Facebook, Brightcove, Move Networks, Adobe and Skype. On2 Technologies is headquartered in Tarrytown, NY USA. For more information please visit http://www.on2.com/.

    All trademarks mentioned in this document are the property of their respective owners.

    On2 Technologies, Inc.

    CONTACT: Investors, Garo Toomajanian, +1-518-881-4299, invest@on2.com

    Web Site: http://www.investorcalendar.com/IC/CEPage.asp?ID=132436
    http://www.on2.com/index.php?480
    http://www.on2.com/




    Groupe Moniteur Creates Powerful Platform to Manage All Digital AssetsThe French publisher deploys Nstein's full suite to power its 16 online properties

    MONTREAL, Aug. 13 /PRNewswire-FirstCall/ -- Nstein Technologies Inc. http://www.nstein.com/ (TSX-V: EIN), a leader in digital publishing solutions for newspapers, magazines and online content providers, announced earlier today that Groupe Moniteur, a leading French service and information provider for the construction and local authorities sectors, has licensed Nstein's full digital publishing suite including Digital Asset Management (DAM), Web Content Management (WCM) and Text Mining Engine (TME) to enhance its digital platform for managing and assembling its vast collection of assets.

    Established in 1903, Groupe Moniteur, a $200 million company with more than 1100 employees, owns more than 30 publications including Le Moniteur and La Gazette des communes, 700 books, 5 specialized databases and offers tradeshow and conference management. Groupe Moniteur began the process of streamlining its content management with the installation of an early version of Nstein's DAM in 2005. Pleased with those results, the company committed to creating a powerful media hub from which all assets will be catalogued, associated, published or syndicated. The addition of WCM completes the digital content supply chain, allowing the firm to create new sites quickly. A critical component of the digital hub is TME, which allows content to be tagged and indexed automatically. This rich metadata provides the added benefit of proposing associated content to readers to enhance their experience.

    "Groupe Moniteur initially deployed Nstein on a small scale to rapidly deploy a new site, http://www.operationsimmobilieres.com/ and to relaunch http://www.courriersdesmaires.com/. We had each site up in only 8 weeks," said Pierrick Guinguene, Chief Technology Officer of Groupe Moniteur. "For Courrierdesmairs.com we saw strong increase in monthly visitors, with page views increasing from 8,000 to 50,000. The monetization strategy centers on offering a one-to-one relationship between readers and content. TME embedded with DAM and WCM allows us to create this relationship."

    Groupe Moniteur plans to have its two flagship sites http://www.moniteur.fr/ and http://www.gazettedescommunes.fr/ ported over to Nstein's suite in Fall of 2008. Much of the content (text, images and video) already resides in Nstein's DAM and will then be distributed by Nstein's web 2.0-enabled WCM. This will allow readers to generate content helping Groupe Moniteur create dynamic communities wthin each site.

    "Nstein is very proud to continue its longstanding relationship with Group Moniteur," said Luc Filiatreault, President and CEO of Nstein Technologies. "Group Moniteur has developed a series of publications that are critical to the construction and authority sectors. We are happy to be able to help Group Moniteur build out a powerful hub and infrastructure to support their business endeavors."

    About Groupe Moniteur

    A leading French service and information provider for the construction and local authorities sectors, Groupe Moniteur focuses on three activities:

    - Publishing, with more than 30 publications including two bi-monthly reference magazines, (Le Moniteur des Travaux Publics and la Gazette des communes), monthly specialty magazines and newsletters; - Specialized Services which includes developing more than 200 reference books, training materials, tradeshow management and conferences; - Analytical Services which provides market information, materials, prices, employment, products and industry regulations. http://www.groupemoniteur.fr/ About Nstein Technologies Inc.

    Nstein Technologies (TSX-V: EIN) develops and markets multilingual solutions that power digital publishing for the most prestigious newspapers, magazines, and content-driven organizations. Nstein's solutions generate new revenue opportunities and reduce operational costs by enabling the centralization, management and automated indexing of digital assets. Nstein partners with clients to design a complete online strategy for success using publishing industry best practices for the implementation of its Web Content Management, Digital Asset Management, Text Mining Engine and Picture Management Desk products. http://www.nstein.com/

    - The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. - The financial value of the contract, on an individual basis, is not financially material to the affairs of Nstein Technologies Inc. The specific financial terms of the contracts can not be disclosed since knowledge of these transaction terms could represent a significant loss of competitive advantage to the Company as competitors would gain access to its pricing model. The Company believes that the disclosure of agreements by means of a press release is necessary to demonstrate the ability of the Company's technology to meet the requirements of its potential clients in the publishing, media and entertainment industries. Further, the completion of these types of agreements demonstrates the ongoing ability of the Company to capture an increasing share of this market and generate market acceptance for its products. The software license revenues resulting from this contract will be included in the Company's first quarter results (quarter ended March 31, 2008). - Any statement that appears prospective shall not be interpreted as such.

    Nstein Technologies Inc.

    CONTACT: Nstein Technologies Inc.: Investor Relations: Bruno Martel,
    Chief Financial Officer, Nstein Technologies Inc., (514) 908-5406,
    bruno.martel@nstein.com; Media: David Crouy, Marketing Director, Nstein
    Technologies Inc., (514) 908-5406, david.crouy@nstein.com; Renmark Financial
    Communications Inc.: Maurice Dagenais, mdagenais@renmarkfinancial.com; Ryan
    van de Polder, rvandepoler@renmarkfinancial.com, (514) 939-3989, Fax.: (514)
    939-3717; http://www.renmarkfinancial.com/




    Verizon FiOS TV Customers Get Sneak Peek of New Disney Channel Original Movie 'The Cheetah Girls One World'Customers Can See Highly Anticipated Movie for Kids and Families on FiOS TV Video-on-Demand Beginning Three Days Prior to Film's Disney Channel Premiere

    NEW YORK, Aug. 13 /PRNewswire/ -- Once again, Verizon FiOS TV video-on-demand customers will get a first look at the summer's hottest new movie from Disney Channel. The highly anticipated film, "The Cheetah Girls One World," will begin premiering Tuesday, Aug. 19, on FiOS TV's Disney Channel on Demand -- three days ahead of the movie's Disney Channel premiere on Aug. 22.

    "Advance showings of top-quality programming is another reason why FiOS TV is the ultimate home-entertainment experience," said Shawn Strickland, vice president of video solutions for Verizon. "We know that families are looking for this kind of family entertainment, and we're delighted that our FiOS TV video-on-demand customers will get a first look at this popular film, at no additional charge and with the stunning picture-and-sound quality that FiOS is known for."

    "The Cheetah Girls One World" is the latest in a summer of Disney Channel on Demand sneak peeks for FiOS TV customers, following early debuts of the popular "Disney Channel Games" and "Camp Rock." FiOS TV customers can find the new movie advance premiere by pressing the VOD button on their remote control.

    "The Cheetah Girls One World" stars Adrienne Bailon as Chanel, Kiely Williams as Aqua and Sabrina Bryan as Dorinda, all reprising the roles they originated in the blockbuster Disney Channel Original Movies "The Cheetah Girls" and "The Cheetah Girls 2." Filmed in Mumbai and Udaipur, India, the film continues the story of these best friends as they pursue their dream to become recording artists and embark on their biggest adventure yet -- starring in a Bollywood movie. The production includes 1,500 local extras, 450 local dancers and 45 principal core dancers from Mumbai.

    FiOS TV is delivered over the nation's most advanced fiber-optic network straight to customers' homes and businesses, providing stunning picture-and-sound quality, more HD and video-on-demand choices, a broad spectrum of content diversity, and interactive features that create the ultimate home-entertainment experience.

    FiOS TV's industry-leading VOD family programming, which includes Disney Channel content at no extra charge to the consumer, also offers a collection of on-demand programming for children and families and includes programming from Discovery Kids, Nickelodeon, PBS Kids Sprout and others. FiOS TV also offers free parental controls to help parents manage the content their children view. Verizon offers its FiOS TV subscribers more than 11,000 VOD titles each month, 70 percent of which are free. The VOD library includes an increasing number of high-definition titles, with plans for 1,000 HD VOD titles per month by the end of the year. In addition, FiOS TV also offers free parental controls to help parents manage the content their children may view.

    Disney Channel is a 24-hour kid-driven, family inclusive television network that taps into the world of kids and families through original series and movies. Currently available in more than 95 million U.S. homes and to millions of other viewers on 27 Disney Channels around the world, Disney Channel is part of the Disney-ABC Television Group.

    For more information about Verizon FiOS TV, visit http://www.verizon.com/fios or call 888-438-3467.

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

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

    Verizon

    CONTACT: Christy Reap of Verizon, +1-202-515-2443, creap@verizon.com

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

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




    IXI Mobile Reports Board of Directors Decides on Change in Strategic Focus and Cost Reduction

    BELMONT, California, August 13 /PRNewswire-FirstCall/ -- IXI Mobile, Inc. (OTCBB: IXMO.OB, IXMOW.OB, IXMOU.OB )(the "Company"), the maker of the Ogo(TM) family of mobile devices and services, announced today that its board of directors has resolved to initiate several strategic measures intended to refocus the Company's activities and to reduce operating costs.

    In recent months the Company has actively pursued a relationship with a major US-based cellular operator but has not been able to conclude a transaction. As a result, IXI Mobile intends to focus on the European and Asia Pacific markets and to expand its cooperation with existing and potential customers in these territories. In parallel the Company will seek additional investments to meet its working capital needs. Additionally, the Company continues to pursue strategic partnerships.

    The Board of Directors is also implementing cost reduction measures, including a reduction of approximately 25% of its headcount and is closing its US facilities, in order to reduce operating expenses.

    The Company's Board has also appointed Mr. Israel Frieder as CEO. Messrs. Gideon Barak and Amit Haller who served as Executive Co-Chairman and CEO (respectively), will continue to serve as board members.

    Mr. Frieder, Chairman and CEO said: "The Board of Directors decided to focus on expanding its cooperation with current customers and potential new customers in Europe and Asia Pacific, where we have loyal customers such as Swisscom in Switzerland, Vodafone and 1&1 in Germany and Far EasTone in Taiwan. We believe that focusing in known territories where the Company's products have been recognized for a considerable time, will allow IXI to expand its customer base and continue its growth in these markets. In parallel the Company will explore other opportunities including strategic partnerships."

    About IXI Mobile

    IXI Mobile, Inc. offers solutions that bring innovative, data-centric mobile devices and services to the mass market. IXI Mobile's Ogo devices are designed to improve the mobile user experience and increase mobile voice and data usage. The Company provides an end to end solution to mobile operators and Internet service providers around the world to support Ogo products. For more information on IXI Mobile, please visit http://www.ixi.com/

    About Ogo

    The Ogo family of devices delivers popular applications, including email, instant messaging, SMS, RSS, voice and Web browsing on optimized, easy-to-use handheld devices for a true on-the-go mobile messaging experience. Ogo is available from mobile operators and Internet service providers in Europe and Asia. More information on Ogo is available at: http://www.ogo.com/ .

    Forward Looking Statements

    This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act. All statements in this press release, other than statements that are purely historical in nature, are forward looking statements. Words such as "believe," "anticipate," "expect," "intend," "plan," "estimate," "project," "will," "may" "trend," "potential," "opportunity," "comfortable," "current," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," " seek, " "achieve," and other similar expressions are intended to identify forward looking statements, although not all forward looking statements contain these words. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward looking statements. We have based these forward looking statements on our current expectations and beliefs about future events. Actual results could differ materially from those discussed or projected in, or implied by, the forward looking statements as a result of various risks and uncertainties, including the Company's ability to raise, and the availability of, additional financing; the Company's continuing history of losses and its ability to continue as a going concern; the Company's ability to provide an affordably priced alternative for mobile email access as well as other value added services; competing products that may, now or in the future, be available to consumers; the Company's ability to develop and market new products or services, including but not limited to CDMA devices, the Company's ability to maintain relationships with existing customers and develop arrangements with new customers; the number or nature of potential customers for the Company's products; the Company's expectations regarding trends in the cell phone, mobile messaging and consumer electronics industries; and the Company's ability to improve its financial performance. This press release should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2007 and its other reports on file with the Securities and Exchange Commission, which contain more detailed discussion of risks and uncertainties that may affect future results. Except as required by law, the Company does not undertake to update any forward looking statements.

    IXI Mobile: Ariella Shoham Marketing Manager Press@ixi.com KCSA Strategic Communications: Marybeth Csaby +1-212-896-1236 mcsaby@kcsa.com

    IXI Mobile, Inc.

    CONTACT: IXI Mobile: Ariella Shoham, Marketing Manager, Press@ixi.com.
    KCSA Strategic Communications: Marybeth Csaby, +1-212-896-1236,
    mcsaby@kcsa.com




    Playlogic Reports 1st HY Results 2008

    AMSTERDAM, Netherlands and NEW YORK, August 13 /PRNewswire/ --

    - Net Revenues increased to US$8.4 million (+83%) - Net Profit up US$1.5 million - Earnings per share up US$0.05

    Playlogic Entertainment, Inc. (OTC Bulletin Board: PLGC) announced today its results for the 1st half-year 2008, ended June 30.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20071119/PLAYLOGICLOGO )

    Net Revenues

    For the six months, ended June 30, net revenues increased to US$8.4 million compared with US$4.6 million in 2007, an increase of 83%.

    For the second quarter of 2008 net revenues climbed to US$4.3 million, up 343%, compared with US$1.1 million in the second quarter of 2007.

    The release of 7 titles, among which Obscure II (Wii), Dragon Hunters (DS) and Simon the Sorcerer 4 (PC), 7 SKU's, in the 1st half-year of 2008, compared with the release of 6 titles, 7 SKU's in the full-year 2007 was a substantial contribution to this increase.

    For the 2nd half of 2008 Playlogic expects to further release 6 titles on 8 SKU's.

    Gross profit

    Gross profit for the 1st half-year of 2008 increased to US$4.4 million compared with US$2.7 million in the 1st half-year of 2007, an increase of 63%.

    For the 2nd quarter of 2008 gross profit reached US$2.2 million compared with US$0.3 million in the 2nd quarter of 2007, an increase of 633%.

    Operating result

    Operating result for the 1st half-year of 2008 turned from a US$0.7 million loss in 2007 into a profit of US$1.2 million in 2008, an increase of US$1.9 million.

    For the 2nd quarter of 2008 the operating result went up to a profit of US$0.5 million compared with a loss of US$1.4 million over the same period in 2007, an increase of US$1.9 million.

    Net Profit

    Net profit for the 1st half-year of 2008 turned from a loss of US$0.5 million in 2007 into a net profit of US$1.0 million in the 1st half-year of 2008, an increase of US$1.5 million.

    In the 2nd quarter Playlogic made a net profit of US$0.3 million compared with a loss of US$1.2 million in the same period of 2007, an increase of US$1.5 million.

    EPS

    Earnings per share turned from a loss of US$0.02 in 2007 into a profit of US$0.03 in 2008 for the 1st six months.

    For the 2nd quarter of 2008 earnings per share went up to US$0.01 compared with a loss of US$0.05 in the same period of 2007.

    As previously announced, Playlogic placed US$10 million in equity and loans in the first half-year of 2008 resulting in a weighted-average number of shares of common stock outstanding of 40 million shares on June the 30th 2008.

    These share placements took place to further strengthen Playlogic's balance sheet.

    Outlook 2nd half-year 2008

    For the full-year 2008 Playlogic expects net revenues at least to double compare to 2007.

    Net profit per share in 2008 will be in a range between US$0.05 and US$0.10.

    ABOUT PLAYLOGIC:

    Playlogic Entertainment, Inc. is an independent worldwide publisher of entertainment software for consoles, PCs, handhelds, mobile devices, and other digital media. Playlogic distributes its products through all available channels, online and offline. Playlogic, who currently has approximately 80 employees, is listed on Nasdaq OTC under the symbol "PLGC.OB" and is headquartered in New York, USA and Amsterdam, the Netherlands. Its in-house game development studio "Playlogic Game Factory" is based in Breda (the Netherlands).

    Playlogic's portfolio includes games that are being developed by several teams at the Playlogic Game Factory, as well as games developed by a number of studios throughout the world with approximately 400 people of external development staff. The Playlogic Game Factory also develops first party titles for Sony Computer Entertainment Europe (SCEE).

    Playlogic publishes quality games, working with leading technology to produce digital entertainment from concept to finished product. Playlogic plans to publish 20 titles, on several platforms, during 2008.

    FORWARD LOOKING STATEMENTS:

    This release contains statements about PLAYLOGIC's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; fluctuations in operating results; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's SEC reports. Actual results may differ materially from our expectations as the result of these and other important factors relating to PLAYLOGIC'S business and product development efforts, which are further described in filings with the Securities and Exchange Commission. These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to PLAYLOGIC on the date of this release, and PLAYLOGIC assumes no obligation to update such statements.

    FOR MORE INFORMATION Playlogic International Robert A. Van Duivenbode Corporate IR/PR Officer T: +31-20-676-03-04 M: +31-6-53-53-00-10 E: rvanduivenbode@playlogicint.com

    For further information about Playlogic, the games she publishes and develops, artwork and press information, please visit our press section on www.playlogicgames.com .

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

    Playlogic Entertainment, Inc.

    Robert A. Van Duivenbode, Corporate IR-PR Officer, Playlogic International, +31-20-676-03-04, M: +31-6-53-53-00-10, rvanduivenbode@playlogicint.com; Photo: http://www.newscom.com/cgi-bin/prnh/20071119/PLAYLOGICLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

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