Telanetix Raises $2.0 Million- Increased Debt Restructured in July to $28.1 Million under the Same Terms -- To Be Discussed on Second Quarter Results Conference Call Today -

BELLEVUE, Wash., Aug. 14 /PRNewswire-FirstCall/ -- Telanetix, Inc. (OTC BB: TNXI) a leading IP solutions provider offering telepresence and VoIP services to business markets, increased its six-year, interest only, non-amortizing debentures to an aggregate principal amount of $28.1 million, up from the $26.1 million principal announced on July 1st. The company received proceeds of $2.0 million August 13th.

"Our debenture holders continue to support our growing business and increased our debt, which we intend to apply to advertising and sales expansion," said Doug Johnson, Telanetix's chief executive officer. "During the second quarter, we implemented cost reduction programs that are expected to lower expenses in the coming quarters. In the meantime, the funds provide the flexibility to support our new sales programs to drive growth, in particular in video."

A summary of the transaction and copies of the transaction documents have been filed with the Securities and Exchange Commission on Form 8-K on August 14, 2008 and may be viewed at http://www.sec.gov/.

Conference Call Information

Management will conduct a conference call at 10:00 am PT/1:00 pm ET on August 14, 2008 to discuss the company's second quarter 2008. To access the call in the United States, dial 888-713-4199; to dial-in internationally, dial 617-213-4861 and enter passcode 27301419. The call will also be broadcast live over the Internet and will be available for replay for 90 days at http://www.telanetix.com/. A telephone replay will be available two hours after the call through August 16, 2008 by dialing 888-286-8010 for domestic callers and 617-801-6888 for international callers. All parties will need the following replay pass code 61894960.

About Telanetix, Inc.

Telanetix is a leading communications solutions provider offering telepresence and voice over IP (VoIP) services to all business market segments. Telanetix solutions meet the real-world communications demands of its customers with an industry-leading value proposition. The company's telepresence offering, called Digital Presence(TM), creates fully immersive and interactive meeting environments that incorporate voice, video and data from multiple locations into a single environment. The company's Voice offerings, marketing under the "AccessLine" brand, give companies flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. Additional information may be found at the Telanetix corporate website, http://www.telanetix.com/.

Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

Telanetix, Inc.

CONTACT: Jeff Salzwedel of Salzwedel Financial Communications, Inc.,
+1-503-722-7300, jeff@sfcinc.com, for Telanetix, Inc.

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

Argyle Security, Inc. Announces Second Quarter 2008 Financial ResultsSecond Quarter 2008 Adjusted Pro Forma Financial Highlights vs. Second Quarter 2007-- Revenues Increased by 66% to $36.5 Million-- Gross Profit Rose by 25% to $7.3 Million-- EBITDA Essentially Flat with Q2 2007 at $1.7 Million-- Diluted EPS of ($0.01), Compared to $0.02Business Highlights-- In April, Secured $15 Million in Financing to Pursue Strategic Growth Initiatives-- New Management Appointees in Argyle Corrections to Support Larger Scale and Growth-- Com-Tec Technology Integration Completed in August

SAN ANTONIO, Aug. 14 /PRNewswire-FirstCall/ -- Argyle Security, Inc. (BULLETIN BOARD: ARGL) , ("Argyle") a service and solutions provider in the physical electronic security industry, today announced financial results for the three and six months ended June 30, 2008.

Adjusted Pro Forma Results(1)

For the three months ended June 30, 2008, Argyle's pro forma revenues increased by 66%, to $36.5 million, compared to $21.9 million for the same period last year. Pro forma revenues in Argyle Corrections Group rose by 94% to $28.8 million, driven largely by favorable industry trends, retention and expansion of business with existing customers, as well as new customers. Pro forma revenues in Argyle Commercial Security Group increased by 9%. Argyle Commercial Security has continued to make investments in its sales force, which are expected to drive both contract and service revenues in the commercial market. Based on favorable conditions in Argyle Commercial Security's target markets of petrochemical, energy infrastructure and healthcare, Argyle Commercial Security believes it is well-positioned for a strong second half of 2008.

Adjusted pro forma gross profit increased by 25% to $7.3 million, or 20.1% of sales, compared to $5.9 million, or 26.7% of sales, in the comparable period of 2007. Similar to the first quarter of 2008, the gross margin percentage in the second quarter of 2008 was adversely impacted by the inclusion of Com-Tec's revenues and expenses into Argyle Corrections, as Com-Tec is currently engaged in a significant project that has margins well below Argyle Security's corporate average.

Second quarter margins in Argyle Corrections were also impacted by certain operational inefficiencies in its security electronics business. These issues first became apparent in the first quarter of 2008, and have largely been corrected. Argyle believes it should see margins improve during the balance of the year, primarily due to the operational improvements that have been made within its security electronics business, as well as the expected benefit from lower-cost technology integration.

Adjusted pro forma operating expenses were $6.3 million, up 41% from $4.5 million in the second quarter of 2007. In the second quarter of 2008, Argyle incurred higher than expected legal and accounting fees related to being a public company. Adjusted operating income in the second quarter of 2008 was $1.0 million, or 2.8% of sales, compared to $1.4 million, or 6.3% of sales, in the second quarter of 2007. Pro forma adjusted EBITDA of $1.7 million, or 4.5% of adjusted pro forma revenues, was essentially flat with second quarter 2007 pro forma adjusted EBITDA of $1.7 million, or 7.8% of revenues. In the second quarter of 2008, adjusted pro forma net income was $36,000, or ($0.01) per diluted share, compared to adjusted pro forma net income of $122,000, or $0.02 per diluted share, in the prior-year period.

For the six months ended June 30, 2008, Argyle's pro forma revenues increased by 68% to $75.8 million, compared to $45.1 million in the same period of 2007. Gross profit increased by 41% to $15.3 million, or 20.2% of sales, compared to $10.9 million, or 24.1% of sales, in the first six months of 2007.

EBITDA rose 23% to $3.5 million, compared to $2.8 million for the same two quarters last year. The comparable EBITDA margin was 4.6%, compared to 6.2%. Net income for the six months ended June 30, 2008 was $359,000, or $0.04 per diluted share, compared to net income of $186,000, or $0.03 per diluted share in the prior-year period.

Actual Results

Revenues and gross profit for the second quarter of 2008 were $36.5 million and $6.1 million, respectively. Argyle recognized no revenues or gross profit in the second quarter of 2007. The operating loss was $679,000 for the three months ended June 30, 2008, compared to an operating loss of $230,000 for the three months ended June 30, 2007. Argyle's net loss for the three months ended June 30, 2008 was $1.0 million, or ($0.19) per share (basic and diluted), compared to net income of $50,000, or $0.00 per share (basic and diluted), in the second quarter of 2007.

Revenues and gross profit for the six months ended June 30, 2008 were $74.1 million and $12.5 million, respectively; Argyle recognized no revenues or gross profit for the six months ended June 30, 2007. Argyle's operating loss was $1.1 million for the six months ended June 30, 2008, compared to an operating loss of $520,000 for the six months ended June 30, 2007. Argyle's net loss for the six months ended June 30, 2008 was $1.8 million, or ($0.32) per share (basic and diluted), compared to net income of $101,000, or $0.00 per share, for the six months ended June 30, 2007.

Backlog

As of June 30, 2008, net backlog for Argyle Corrections Group was $70.5 million, compared to pro forma net backlog of $100.1 million as of June 30, 2007. The pro forma net backlog number assumes that the acquisitions of Com-Tec and PDI were completed on January 1, 2007.

Beginning in 2008, Argyle Security opted to disclose net backlog only for Argyle Corrections Group (and after the elimination of intercompany revenues).

Management Overview

Bob Marbut, Chairman and Co-CEO of Argyle Security, stated, "We are very pleased with our revenue growth in the quarter, with overall revenues up 66% and revenues in the Corrections Group up 94%. This level of growth largely reflects the robust market conditions in the corrections sector, but also our ability to deliver superior products and services to an expanding customer base.

"However, we also had some challenges in the quarter, resulting in an EBITDA margin that was below our expectations. We started to strengthen the infrastructure of our security electronics business in the first quarter, but it took more time than we had expected to develop the people, systems and structure necessary to support our significant growth. But, as a result of the actions that have been taken, we believe that we will be in a position to achieve the margin run rates that we had targeted for the last half of 2008," he concluded.

Sam Youngblood, President of Argyle Security USA, continued, "We believe that with the operational issues now rectified, we have the proper infrastructure in place to support our current and future growth. We have committed additional management resources to ensure that we are running at optimal efficiency. Most notably, we have appointed Mike Peterson as COO of Argyle Corrections Group, and we are also providing more comprehensive training to all of our supervisory personnel. With tighter management controls and better training, we believe we can drive more profitable revenue growth. We also expect to realize significant costsavings by integrating Com-Tec's lower-cost technologies across Argyle USA, which was largely completed in August of this year. We believe this will be reflected in our margins starting in the fourth quarter of this year."

Ron Chaimovski, Vice-Chairman and Co-CEO of Argyle Security, added, "In the face of challenging economic times, our primary focus for driving new business in Argyle Commercial Security Group is on those industries where security is not an option, but a necessity - petrochemical, infrastructure, such as ports, utility companies, and waste and water treatment plants, and healthcare. Our plan remains to expand our national footprint in the commercial market, through a combination of organic growth and acquisitions. As the market is highly fragmented and ripe for consolidation, there is an abundance of acquisition candidates which may become available to Argyle. We continue to evaluate opportunities that make good strategic sense for Argyle and could be acquired for the right price."

Argyle Updates Guidance for 2008

Based on its strong first-half performance and robust market conditions in the corrections industry, Argyle expects full-year 2008 revenues to be at the top end of the previously forecasted range of $128 to $142 million. Argyle now expects EBITDA margins of approximately 7% for the full-year 2008, which is below previous expectations for 9 to 10%, and due to 1) margin erosion in the security electronics business, 2) higher than expected legal and accounting fees and 3) non-cash compensation expense. However, as the previously listed items were primarily concentrated in the first half of the year, Argyle does expect to achieve an EBITDA margin run rate of approximately 9% in the second half of 2008.

Conference Call Information

Argyle Security will host an investor conference call at 10:00 a.m. ET, today, August 14, 2008 to discuss its results. Interested parties should call 888-713-4213 (domestic) or 617-213-4865 (international) at least five minutes before the scheduled start time; the passcode is 89962604. This call may also be accessed via the Internet at:

http://www.argylesecurity.com/

For those who are unavailable to listen to the live broadcast, a replay will be available through August 28, 2008 and can be accessed by dialing 888-286-8010 (domestic), and 617-801-6888 (international). The pass code is 84546898.

Disclosure Regarding Non-GAAP Financial Measures 1 Adjusted Pro Forma Results

Since Argyle Security acquired ISI Security Group (which is now a part of Argyle Security USA) in July 2007 and FireQuest, Peterson and Com-Tec in January 2008, the Company does not believe a comparison of the results of operations and cash flows for the three months ended June 30, 2008 versus June 30, 2007 is beneficial to stockholders. In order to assist investors in better understanding the changes in its business between the three months ended June 30, 2007 and June 30, 2008, Argyle Security has provided adjusted pro forma results as if the acquisitions occurred on January 1, 2008 and January 1, 2007, respectively. Argyle Security derived the adjusted pro forma results of operations from (i) the unaudited consolidated financial statements of Com-Tec for the three months ended June 30, 2007, (ii) the unaudited financial statements of Peterson for the three months ended June 30, 2007, (iii) the unaudited financial statements of FireQuest for the three months ended June 30, 2007 and (iv) the unaudited consolidated financial statements of the Company for the three months ended June 30, 2008 and 2007.

Adjusted pro forma net income is an alternative view of performance used by management, and we believe that investors' understanding of our performance is enhanced by disclosing this performance measure. We report adjusted pro forma net income in order to present the results of our major operations -- the construction, installation, marketing and sale of various electronic security systems for commercial accounts and detention hardware (including security doors and frames, jail furniture, security glazing, and other security-based systems) and electronic control systems for correctional facilities -- prior to considering certain income statement elements, principally amortization of intangible assets. We have defined adjusted pro forma net income as net income before the impact of purchase accounting for acquisitions, acquisition-related costs, discontinued operations and one-time expenses associated with stock appreciation rights. The adjusted pro forma net income measure is not, and should not be viewed as, a substitute for U.S. GAAP net income.

EBITDA (earnings before interest, taxes, depreciation and amortization) is used by management as a performance measure for benchmarking against the Company's peers and competitors. The Company believes EBITDA is useful to investors, because it is frequently used by securities analysts, investors and other interested parties to evaluate companies in the security industry. EBITDA is not a recognized term under GAAP. Argyle and ISI compute EBITDA using the same consistent method from quarter to quarter. Following the attached financial statements is a reconciliation of EBITDA to net loss.

The presentation of Adjusted Pro Forma Results and EBITDA is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.

About Argyle Security, Inc.

Formed in 2005 and headquartered in San Antonio, TX, Argyle Security's goal is to become a leading global provider of services and solutions in the physical electronic security industry through an integrated buildup strategy. Argyle's channel focus is Video Surveillance, Access Control, Perimeter Protection, Intrusion Protection, Fire Detection and Threat Analysis, serving selected commercial, governmental and residential markets.

In July 2007, Argyle acquired ISI Security Group. In February 2008, Argyle formed Argyle Security USA, which encompasses the former ISI Security Group's operations in both the corrections and commercial sectors, plus the PDI, Com-Tec and FireQuest acquisitions. Argyle Security, Inc. currently has two reporting segments: Argyle Corrections Group and Argyle Commercial Security Group.

Argyle Corrections Group is the controlling entity for ISI, PDI, Com-Tec and MCS. Argyle Corrections Group is one of the nation's largest providers of detention equipment products and service solutions, as well as turnkey, electronic security systems. These systems include unique engineering competencies and proprietary software products. Argyle Commercial Security Group focuses on the commercial security sector and provides turnkey, electronic security systems to the commercial market. Currently, MCS-Commercial Fire & Security is the only member in Argyle Commercial Security Group.

Please visit http://www.argylesecurity.com/ or http://www.argylesecurityusa.com/ for additional information on Argyle Security and Argyle Security USA.

Safe Harbor

Certain statements in this press release constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, as amended. When used in this press release, words such as "will," "believe," "expect," "anticipate," "encouraged," "estimate," "intend," "plan," "project," "target," "can," "could," "may," "should," "would," and similar expressions, as they relate to the company or its management, as well as assumptions made by and information currently available to the company's management identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry may differ materially from those made in or suggested by the forward-looking statements contained herein. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements herein speak only as of the date stated herein and might not occur in light of these risks, uncertainties, and assumptions. The company undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additional information concerning forward-looking statements is contained under the heading of risk factors listed from time to time in the company's filings with the U.S. Securities and Exchange Commission.

Argyle Security, Inc Reconciliation of GAAP Net Income to Adjusted Net Income (in thousands) Three Months Six Months Ended Ended June 30, June 30, June 30, June 30, 2008 2007 2008 2007 GAAP net income (loss) $(1,020) $50 $(1,754) $101 Pro forma adjustments - addbacks (reductions) Argyle salary expense (increase) for management team in 2007 - (222) - (444) Non-cash compensation expense (increase) for 2007 - (141) - (283) Depreciation expense (increase) on revalued assets in 2007 - (80) - (158) Amortization of intangible expense (increase) in cost of goods sold for 2008 and 2007 - (1,274) (37) (2,564) Amortization of intangible expense (increase) in operating expenses for 2008 and 2007 - (426) (21) (868) Reduction in rent expense - 53 6 70 Interest income increase / (reduction) for 2008 and 2007 - (330) - (654) Interest expense (increase) / reduction for 2008 and 2007 - 1,151 (39) 1,398 Income / (loss) from predecessor - Argyle Security USA for 2007 - (619) - (496) Income / (loss) from predecessor - FireQuest for 2007 - 80 - 160 Income / (loss) from predecessor - PDI for 2007 - 157 - 313 Income / (loss) from predecessor - Com-Tec for January 2008 and 2007 - 190 44 152 Provision (benefit) for income taxes on pro forma adjustments for 2008 and 2007 - 480 32 1,331 Pro forma net income (loss) $(1,020) $(931) $(1,769) $(1,942) Amortization of intangible expense in cost of goods sold for 2008 and 2007 1,276 1,274 2,565 2,564 Amortization of intangible expense in operating expenses for 2008 and 2007 427 426 868 868 Provision (benefit) for income taxes on pro forma adjustments for 2008 and 2007 (647) (647) (1,305) (1,304) Adjusted pro forma net income (loss) $36 $122 $359 $186 Interest, net 802 865 1,620 1,646 Depreciation expense 626 334 1,116 680 Taxes, net 186 393 393 326 Pro forma EBITDA $1,650 $1,714 $3,488 $2,838 Argyle Security, Inc Pro Forma Consolidated Statements of Operations (unaudited) (in thousands except share data) Three Months Ended June 30, June 30, $ % 2008 2007 Change Change Revenues: Contract revenues $24,711 $10,730 $13,981 130% Contract revenues - related party 5,282 7,365 (2,083) -28% Service and other revenues 6,513 3,836 2,677 70% Total revenues 36,506 21,931 14,575 66% Cost of revenues: Contract costs 24,424 13,465 10,959 81% Service and other costs, including amortization of intangibles ($1,276 for 2008 and $1,274 for 2007) 6,018 3,885 2,133 55% Total cost of revenues 30,442 17,350 13,092 75% Gross profit 6,064 4,581 1,483 32% Operating expenses: Salaries and related expense, including stock-based compensation of $191 in 2008 and $142 in 2007 3,410 2,294 1,116 49% Consulting fees and outside services 637 311 326 105% Depreciation 598 289 309 107% Other general and administrative expenses 1,671 1,581 90 6% Amortization of intangible assets 427 426 1 0% Total operating expenses 6,743 4,901 1,842 38% Operating loss (679) (320) (359) 112% Other income (expense): Interest income 52 51 1 2% Interest expense (854) (916) 62 -7% Total other income (expense) (802) (865) 63 -7% Income (loss) before provision for income taxes (1,481) (1,185) (296) 25% Provision (benefit) for income taxes (461) (254) (207) 81% Net income (loss) $(1,020) $(931) $(89) 10% Deferred interest, net of taxes, subject to possible redemption - - - 0% Dividends on convertible preferred stockholders 86 - - 0% Net income (loss) allocable to holders of non-redeemable common stock $(1,106) $(931) $(89) 10% Weighted-average number of shares of common stock outstanding exclusive of shares subject to possible redemption: Basic 5,799,342 5,799,342 0 0% Diluted 5,799,342 5,799,342 0 0% Net income (loss) per share allocable to holders of non-redeemable common stock: Basic $(0.19) $(0.16) $(0.03) 19% Diluted $(0.19) $(0.16) $(0.03) 19% Argyle Security, Inc. Pro Forma Consolidated Statements of Operations (unaudited) (in thousands except share data) Six Months Ended June 30, June 30, $ % 2008 2007 Change Change Revenues: Contract revenues $51,617 $22,536 $29,081 129% Contract revenues - related party 12,225 13,166 (941) -7% Service and other revenues 11,979 9,402 2,577 27% Total revenues 75,821 45,104 30,717 68% Cost of revenues: Contract costs 51,464 27,278 24,186 89% Service and other costs, including amortization of intangibles ($2,565 for 2008 and $2,564 for 2007) 11,577 9,506 2,071 22% Total cost of revenues 63,041 36,784 26,257 71% Gross profit 12,780 8,320 4,460 54% Operating expenses: Salaries and related expense, including stock-based compensation of $749 in 2008 and $283 in 2007 6,987 4,783 2,204 46% Consulting fees and outside services 1,586 606 980 162% Depreciation 1,060 591 469 79% Other general and administrative expenses 3,340 2,746 594 22% Amortization of intangible assets 868 868 - 0% Total operating expenses 13,841 9,594 4,247 44% Operating loss (1,061) (1,274) 213 -17% Other income (expense): Interest income 78 111 (33) -30% Interest expense (1,698) (1,757) 59 -3% Total other income (expense) (1,620) (1,646) 26 -2% Income (loss) before provision for income taxes (2,681) (2,920) 239 -8% Provision (benefit) for income taxes (912) (978) 66 -7% Net income (loss) $(1,769) $(1,942) $173 -9% Deferred interest, net of taxes, subject to possible redemption - - - 0% Dividends on convertible preferred stockholders 86 - - 0% Net income (loss) allocable to holders of non-redeemable common stock $(1,855) $(1,942) $173 -9% Weighted-average number of shares of common stock outstanding exclusive of shares subject to possible redemption: Basic 5,795,221 5,799,342 (4,121) 0% Diluted 5,795,221 5,799,342 (4,121) 0% Net income (loss) per share allocable to holders of non-redeemable common stock: Basic $(0.32) $(0.33) $ 0.01 -4% Diluted $(0.32) $(0.33) $ 0.01 -4% Argyle Security, Inc Adjusted Pro Forma Consolidated Statements of Operations (unaudited) (in thousands except share data) Three Months Ended June 30, % of June 30, % of $ % 2008 Revenue 2007 Revenue Change Change Revenues: Contract revenues $24,711 68% $10,730 49% $13,981 130% Contract revenues - related party 5,282 14% 7,365 34% (2,083) -28% Service and other revenues 6,513 18% 3,836 17% 2,677 70% Total revenues 36,506 100% 21,931 100% 14,575 66% Cost of revenues: Contract costs 24,424 67% 13,465 61% 10,959 81% Service and other costs, excluding amortization of intangibles 4,742 13% 2,611 12% 2,131 82% Total cost of revenues 29,166 80% 16,076 73% 13,090 81% Gross profit 7,340 20% 5,855 27% 1,485 25% Operating expenses: Salaries and related expense, including stock-based compensation of $191 in 2008 and $142 in 2007 3,410 9% 2,294 10% 1,116 49% Consulting fees and outside services 637 2% 311 1% 326 105% Depreciation 598 2% 289 1% 309 107% Other general and administrative expenses 1,671 5% 1,581 7% 90 6% Amortization of intangible assets - 0% - 0% - 0% Total operating expenses 6,316 17% 4,475 20% 1,841 41% Operating income 1,024 3% 1,380 6% (356) -26% Other income (expense): Interest income 52 0% 51 0% 1 2% Interest expense (854) -2% (916) -4% 62 -7% Total other income (expense) (802) -2% (865) -4% 63 -7% Income (loss) before provision for income taxes 222 1% 515 2% (293) -57% Provision (benefit) for income taxes 186 1% 393 2% (207) -53% Net income (loss) $36 0% $122 1% $(86) -70% Deferred interest, net of taxes, subject to possible redemption - 0% - 0% - 0% Dividends on convertible preferred stockholders 86 0% - 0% - 0% Net income (loss) allocable to holders of non-redeemable common stock $(50) 0% $122 1% $(86) -70% EBITDA Calculation: Interest, net $802 $865 (63) -7% Depreciation 626 334 292 87% Taxes, net 186 393 (207) -53% EBITDA $1,650 $1,714 $(64) -4% Weighted-average number of shares of common stock outstanding exclusive of shares subject to possible redemption: Basic 5,799,342 5,799,342 0 0% Diluted 5,799,342 7,061,764 (1,262,422) -18% Net income (loss) per share allocable to holders of non-redeemable common stock: Basic $(0.01) $0.02 $(0.03) -141% Diluted $(0.01) $0.02 $(0.03) -150% Argyle Security, Inc Adjusted Pro Forma Consolidated Statements of Operations (unaudited) (in thousands except share data) Six Months Ended June 30, % of June 30, % of $ % 2008 Revenue 2007 Revenue Change Change Revenues: Contract revenues $51,617 68% $22,536 50% $29,081 129% Contract revenues - related party 12,225 16% 13,166 29% (941) -7% Service and other revenues 11,979 16% 9,402 21% 2,577 27% Total revenues 75,821 100% 45,104 100% 30,717 68% Cost of revenues: Contract costs 51,464 68% 27,278 60% 24,186 89% Service and other costs, excluding amortization of intangibles 9,012 12% 6,942 15% 2,070 30% Total cost of revenues 60,476 80% 34,220 76% 26,256 77% Gross profit 15,345 20% 10,884 24% 4,461 41% Operating expenses: Salaries and related expense, including stock-based compensation of $749 in 2008 and $283 in 2007 6,987 9% 4,783 11% 2,204 46% Consulting fees and outside services 1,586 2% 606 1% 980 162% Depreciation 1,060 1% 591 1% 469 79% Other general and administrative expenses 3,340 4% 2,746 6% 594 22% Amortization of intangible assets - 0% - 0% - 0% Total operating expenses 12,973 17% 8,726 19% 4,247 49% Operating income 2,372 3% 2,158 5% 214 10% Other income (expense): Interest income 78 0% 111 0% (33) -30% Interest expense (1,698) -2% (1,757) -4% 59 -3% Total other income (expense) (1,620) -2% (1,646) -4% 26 -2% Income (loss) before provision for income taxes 752 1% 512 1% 240 47% Provision (benefit) for income taxes 393 1% 326 1% 67 21% Net income (loss) $359 0% $186 0% $173 93% Deferred interest, net of taxes, subject to possible redemption - 0% - 0% - 0% Dividends on convertible preferred stockholders 86 0% - 0% - 0% Net income (loss) allocable to holders of non-redeemable common stock $273 0% $186 0% $- 0% EBITDA Calculation: Interest, net $1,620 $1,646 (26) -2% Depreciation 1,116 680 436 64% Taxes, net 393 326 67 21% EBITDA $3,488 $2,838 $650 23% Weighted-average number of shares of common stock outstanding exclusive of shares subject to possible redemption: Basic 5,795,221 5,799,342 (4,121) 0% Diluted 6,641,411 7,021,839 (380,428) -5% Net income (loss) per share allocable to holders of non-redeemable common stock: Basic $0.04 $0.03 $0.01 33% Diluted $0.04 $0.03 $0.01 55% Company Contacts: Investor Relations: Bob Marbut, Chairman & Co-CEO Amy Glynn, CFA Roni Chaimovski, Vice-Chairman & Co-CEO Cameron Associates Don Neville, CFO Phone: (212) 554-5464 Argyle Security, Inc. amy@cameronassoc.com Phone: (212) 245-2700 (NY) Phone: (210) 828-1700 (TX) Phone: 001-972-545-212-911 (Tel Aviv) Media Relations: Deanne Eagle Cameron Associates Phone: (212) 554-5463 deanne@cameronassoc.com

Argyle Security, Inc.

CONTACT: Company, Bob Marbut, Chairman & Co-CEO, Roni Chaimovski, Vice-
Chairman & Co-CEO, or Don Neville, CFO, all of Argyle Security, Inc.,
+1-212-245-2700 (NY), +1-210-828-1700 (TX), or +001-972-545-212-911 (Tel
Aviv); or Investor Relations, Amy Glynn, CFA, +1-212-554-5464,
amy@cameronassoc.com, or Media, Deanne Eagle, +1-212-554-5463,
deanne@cameronassoc.com, both of Cameron Associates

Web site: http://www.argylesecurity.com/
http://www.argylesecurityusa.com/

InContact Outbound Dialer 2.0 ReleasedUCN Deploys Feature-rich Solution for Outbound Contact Handling

SALT LAKE CITY, Aug. 14 /PRNewswire-FirstCall/ -- UCN Inc. , innovator of on-demand contact center software for intelligent contact routing and agent improvement, has released inContact(R) Outbound Dialer v2.0. New product features offer more robust presentation and management structure for users.

New Feature Set

The new release includes improved customization tools for outbound projects, more detailed dispositioning functionality, script routing and adjustable priority delivery. Fully integrated with the inContact ACD, Outbound Dialer 2.0 offers more controls for call flow processing and performance tracking which enhance the overall call handling experience. The new dialer includes:

-- Custom-defined schemas -- Enhanced format importing -- Scheduled power dialing -- Exportable reporting -- Dynamic call dispositioning -- Improved agent screen pop with custom data display -- Forced and optional agent participation modes

"We are ecstatic with the new outbound dialer. Following a flawless rollout, the new feature-rich dialer allows us to be more efficient and flexible in managing our many types of customer contacts. The result has been improved management and a simplified way to have multiple agents on various dialers throughout the day," said Corran Ashby, Hall Automotive call center manager.

"This new version of our outbound dialer strengthens UCN's value proposition for potential customers and brings added value to our existing installations," said Paul Jarman, UCN CEO. "It significantly improves upon an already powerful set of tools that automatically places and delivers answered calls to agents. The new enhancements allow contact centers to more effectively manage call flows and spikes in volume, which is just one of the advanced features of our award-winning inContact platform."

About UCN

UCN Inc. is an innovator of software-as-a-service (SaaS) applications for multi-site contact centers and distributed workforces. The UCN inContact(R) platform intelligently routes multi-media contacts to agents anywhere while improving management visibility, agent productivity and agent retention. UCN's patented software includes an enterprise-grade ACD with skills-based routing, IVR, speech recognition and CTI. Agent performance optimization features include customer experience surveys and agent scoring analysis, call monitoring, call recording, workforce scheduling and forecasting, hiring tools to reduce attrition, and targeted training delivered to the agent desktop. The inContact all-in-one on-demand platform delivers rapid application development tools for IT control, no capital expenditure, Fortune 500-compliant security, and a 24/7/365 managed network with carrier-grade redundancy. To learn more about UCN, visit http://www.ucn.net/.

Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the Company's behalf. All statements, other than statements of historical facts which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the Company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the Company, actual results may differ materially from the expectations expressed in the forward-looking statements. (For the complete statement, please click to: http://www.ucn.net/safeharbor.)

UCN Inc.

CONTACT: Aaron Glauser, Communications Director of UCN Inc.,
+1-801-320-3468, aaron.glauser@ucn.net; or Scott Liolios or Ron Both, both of
Liolios Group Inc, +1-949-574-3860, info@liolios.com, for UCN Inc.

Web site: http://www.ucn.net/

[video] Jeff Hoffman, CEO of Enable Holdings, Inc., Discusses Name Change and Restructuring of Holding Company on WallSt.net's 3-Minute Press Show

CHICAGO, Aug. 14 /PRNewswire-FirstCall/ -- Enable Holdings, Inc. (BULLETIN BOARD: ENAB) , a leading inventory solutions provider, today announced that the company's President & CEO, Jeff Hoffman, is featured in an exclusive interview on WallSt.net's 3-Minute Press Show.

The interview gives viewers an overview of the company, and the significance of the company's latest press release.

To view the clip in its entirety, visit: http://www.tv.wallst.net/r/3-minute-press/uBIDHoldings-UBHI/204/872 About Enable Holdings, Inc.:

Enable Holdings, Inc. is the world's leading excess inventory solutions company that links brand name sellers with customers around the globe. Enable Holdings, Inc. does this through its multi-channel asset-recovery solution that includes an online auction platform located at http://www.ubid.com/, physical facilities liquidation and a business-to-business selling platform. Brand name sellers are able to reduce excess inventory more efficiently and profitably than ever before. And however they choose to buy, shoppers now have an inside connection to the world's most trusted brands at prices far below retail. With more than 10 years experience in online commerce, Enable Holdings, Inc. is headquartered in Chicago, IL.

About WallStreet Direct, Inc.

WallStreet Direct, Inc. operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/), an online hub for business podcasts from well-known business news personalities and publishers, and WallStTV (http://tv.wallst.net/), a hub for business and finance video content. We have received five hundred sixty dollars from Enable Holdings, Inc. for press release dissemination services. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.

Contact: WallStreet Direct, Inc. 800-4-WALLST

Enable Holdings, Inc.; WallStreet Direct, Inc.

CONTACT: WallStreet Direct, Inc., 1-800-4-WALL-ST, for Enable Holdings,
Inc.

Web site: http://www.ubid.com/
http://www.wallst.net/
http://radio.wallst.net/
http://tv.wallst.net/

ESPN.com, Orbitz Launch ESPN Sports Passport Community for Fans to Share Sports ExperiencesESPN Sports Passport Powered By Orbitz Helps Fans Organize and Share Sports Travel Memories and Milestones

BRISTOL, Conn. and CHICAGO, Aug. 14 /PRNewswire-FirstCall/ -- ESPN.com and Orbitz.com, a leading online travel agency, today launched ESPN Sports Passport powered by Orbitz -- an online community tool that gives sports fans a place to catalog and share their sports travel trips, game memories and milestones. This new online resource is the latest addition to ESPN Sports Travel Powered by Orbitz.

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

"ESPN Sports Travel has been a fantastic, collaborative success that has served sports fans and travelers extremely well for two years," said Marc Horine, vice president, digital partnerships, ESPN Digital Media. "With this new effort, we're going to extend the collaboration beyond just ESPN and Orbitz -- to our passionate users, by harnessing the power of new Web technologies and using them to tap into the inherently social aspects of both sports and travel."

"Orbitz has always been ahead of the curve in offering new innovations to enhance the travel experience," said Aaron Cooper, Group Vice President of Online Marketing for Orbitz Worldwide. "Through our continued partnership with ESPN.com, fans can not only book a trip to see their favorite team, they can share and compare their experience and memories with fans around the world."

With ESPN Sports Passport fans are able to create and share an online catalog of their sports history, travel experiences and memories via blogs, photo and video sharing, stadium "collections" and more. The Sports Travel Passport integrates seamlessly with ESPN's robust SportsNation online community and utilizes the same registration and ESPN Fan Profiles used by fans.

The features and tools of ESPN Sports Travel Passport powered by Orbitz aim to help fans:

-- Preserve Memories. Fans can catalog their first game or track how many games they have seen your home team win. Fans can now keep track of every professional or collegiate event they have ever attended, describe their memories of the game, upload photos and even link directly to the boxscore from the game.

-- Compete & Rate. Fans can see how their status as a fan stacks up against your friends or other ESPN users. ESPN's Sports Travel Passport powered by Orbitz will tell fans their rank for both events attended and stadiums visited.

-- Collect. Not every fan competes -- but some take in a game at every venue in a particular sport. Passport has a place for these sports travel explorers. It can help track total venues for each sport, defunct venues and venues that a fan has yet to visit.

ESPN and Orbitz have collaborated on ESPN Sports Travel since 2006, providing fans with tools and content aimed at creating utility by combining two subjects people are passionate about: sports and travel. The section provides city profiles for more than 75 North American, Latin American and European sports destinations, city-specific sports calendars, stadium profiles and information, sports travel feature stories, trip ideas, travel planning information and easy access to Orbitz's tools to book hotels, vacation packages, flights and destination services.

Check out Sports Travel Passport: http://www.espn.com/passport And the ESPN Sports Travel: http://www.espn.com/travel About Orbitz

Orbitz (http://www.orbitz.com/) is a leading online travel company that enables travelers to search for and purchase a broad array of travel products, including airline tickets, hotel rooms, rental cars, cruises and vacation packages. Since launching its website http://www.orbitz.com/ to the general public in June 2001, Orbitz has become one of the largest online travel sites in the world based on gross travel bookings. On Orbitz, consumers can search more than 80,000 suppliers worldwide including airlines, hotels and car rental companies. Orbitz is a brand that is owned and operated by Orbitz Worldwide .

About Orbitz Worldwide

Orbitz Worldwide is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns and operates a portfolio of consumer brands that includes Orbitz (http://www.orbitz.com/), CheapTickets (http://www.cheaptickets.com/), ebookers (http://www.ebookers.com/), HotelClub (http://www.hotelclub.com/), RatesToGo (http://www.ratestogo.com/), the Away Network (http://www.away.com/) and corporate travel brand Orbitz for Business (http://www.orbitzforbusiness.com/). For more information on how your company can partner with Orbitz Worldwide, visit http://corp.orbitz.com/.

About ESPN

ESPN, Inc. is the world's leading multinational, multimedia sports entertainment company featuring a portfolio of over 50 multimedia sports assets. The company is comprised of six domestic television networks (ESPN, ESPN2, ESPN Classic, ESPNEWS, ESPN Deportes, ESPNU), ESPN, ESPN2 and ESPNEWS HD simulcast services, ESPN Regional Television, ESPN International (34 networks, syndication, radio, web sites), ESPN Radio, ESPN.com, ESPN The Magazine, ESPN Enterprises, ESPN PPV, ESPN Zones (sports-themed restaurants), and other growing new businesses including ESPN360.com (Broadband), ESPN Mobile Properties, ESPN on Demand and ESPN Interactive. Based in Bristol, Ct., ESPN is 80 percent owned by ABC, Inc., which is an indirect subsidiary of The Walt Disney Company. The Hearst Corporation holds a 20 percent interest in ESPN.

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

CONTACT: Paul Melvin of ESPN, +1-860-766-9581, paul.melvin@espn.com; or
Abby Hunt of Orbitz, +1-312-894-4734, abigail.hunt@orbitz.com

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

PAREXEL Closes the Acquisition of ClinPhoneCombined Capabilities Create the Industry's Largest eClinical Technology Offering

BOSTON, Aug. 14 /PRNewswire-FirstCall/ -- PAREXEL International Corporation , a leading global biopharmaceutical services organization, today announced the successful closing of the acquisition of ClinPhone plc, a leading clinical technology organization. By combining ClinPhone with Perceptive Informatics, PAREXEL's wholly-owned technology subsidiary, Perceptive is now one of the industry's largest eClinical technology providers. The combined company offers unprecedented access to eClinical technologies and resources, providing clients and service providers with the benefits of an extensive line of products and services throughout the entire clinical development lifecycle.

Josef von Rickenbach, Chairman and Chief Executive Officer of PAREXEL International, said: "Biopharmaceutical companies require robust technology solutions to increase the efficiency and productivity of clinical research. This is especially important given the growing complexity and global nature of clinical studies today. We believe this acquisition further solidifies PAREXEL's leadership in providing integrated clinical and technology expertise. Combining the sophisticated, in-depth capabilities of Perceptive and ClinPhone represents a major step forward for PAREXEL in meeting increased industry demand for a truly comprehensive eClinical platform."

Steve Kent, former Chief Executive Officer of ClinPhone and newly- appointed President of Perceptive Informatics said: "Both companies bring tremendous capabilities to this deal. As a combined clinical technology company, Perceptive Informatics enables customers to benefit from the efficiency of best-in-class software and services from one source. Through the acquisition, Perceptive has a deeper level of resources as well as a broader range of technical and clinical expertise to drive greater innovation and meet the industry's evolving needs."

As a result of the transaction, Perceptive Informatics' comprehensive, industry-leading eClinical technology offering now includes:

-- ClinPhone Interactive Voice and Web Response Systems (IVRS/IWRS), -- Perceptive Medical Imaging, -- DataLabs, an Electronic Data Capture (EDC) and clinical data management system, -- Clinical Trial Management Systems (CTMS): -- IMPACT(R) enterprise CTMS solution -- TrialWorks(R) CTMS solution for small and mid-size companies, and -- Electronic Patient Reported Outcomes (ePRO).

Through the acquisition, Perceptive Informatics will further expand its technology integration and implementation services. These services help biopharmaceutical companies implement clinical trial process improvements, extend existing applications, and enable knowledge sharing across multiple systems.

PAREXEL plans to issue updated forward-looking financial guidance for the first quarter of Fiscal Year 2009 and for Fiscal Year 2009 in its entirety, through a press release to be issued after the close of the market on September 8, 2008. The Company plans to host a conference call to discuss the acquisition and the forward-looking guidance at 10:00 a.m. EDT on September 9, 2008.

About PAREXEL International

PAREXEL International Corporation is a leading global biopharmaceutical services organization, providing a broad range of knowledge-based contract research, medical communications and consulting services to the worldwide pharmaceutical, biotechnology and medical device industries. Committed to providing solutions that expedite time-to-market and peak-market penetration, PAREXEL has developed significant expertise across the development and commercialization continuum, from drug development and regulatory consulting to clinical pharmacology, clinical trials management, medical education and reimbursement. Perceptive Informatics, Inc., a subsidiary of PAREXEL, provides advanced technology solutions, including medical imaging, to facilitate the clinical development process. Headquartered near Boston, Massachusetts, PAREXEL operates in 69 locations throughout 52 countries around the world, and has more than 8,800 employees. For more information about PAREXEL International visit http://www.parexel.com/.

This release contains "forward-looking" statements regarding future results and events. For this purpose, any statements contained herein that are not statements of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects," "intends," "appears," "estimates," "projects," "targets," and similar expressions are also intended to identify forward-looking statements. The forward-looking statements in this release involve a number of risks and uncertainties. The Company's actual future results may differ significantly from the results discussed in the forward-looking statements contained in this release. Important factors that might cause such a difference include, but are not limited to, risks associated with: actual operating performance; actual expense savings and other operating improvements resulting from recent restructurings; the loss, modification, or delay of contracts which would, among other things, adversely impact the Company's recognition of revenue included in backlog; the Company's dependence on certain industries and clients; the Company's ability to win new business, manage growth and costs, and attract and retain employees; the Company's ability to complete additional acquisitions and to integrate newly acquired businesses or enter into new lines of business, including, but not limited to, the successful business integration and anticipated synergy achievements in connection with the ClinPhone acquisition; the impact on the Company's business of government regulation of the drug, medical device and biotechnology industry; consolidation within the pharmaceutical industry and competition within the biopharmaceutical services industry; the potential for significant liability to clients and third parties; the potential adverse impact of health care reform; and the effects of exchange rate fluctuations and other international economic, political, and other risks. Such factors and others are discussed more fully in the section entitled "Risk Factors" of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2008 as filed with the SEC on May 9, 2008, which "Risk Factors" discussion is incorporated by reference in this press release. The forward-looking statements included in this press release represent the Company's estimates as of the date of this release. The Company specifically disclaims any obligation to update these forward-looking statements in the future. These forward-looking statements should not be relied upon as representing the Company's estimates or views as of any date subsequent to the date of this press release.

PAREXEL is a registered trademark of PAREXEL International Corporation, Perceptive Informatics is a trademark of Perceptive Informatics, Inc., and ClinPhone is a registered trademark of ClinPhone Limited. All other names or marks may be registered trademarks or trademarks of their respective business and are hereby acknowledged.

Contacts: Jill Baker, Vice President of Investor Relations PAREXEL International Tel: +781-434-4118 Email: Jill.Baker@PAREXEL.com Jennifer Baird, Senior Director of Public Relations PAREXEL International Tel: +781-434-4409 Email: Jennifer.Baird@PAREXEL.com

PAREXEL International Corporation

CONTACT: Jill Baker, Vice President of Investor Relations,
+1-781-434-4118, Jill.Baker@PAREXEL.com, or Jennifer Baird, Senior Director of
Public Relations, +1-781-434-4409, Jennifer.Baird@PAREXEL.com, both of PAREXEL
International Corporation

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

VanceInfo Reports Record Second Quarter Results

BEIJING, Aug. 14 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. ("VanceInfo" or the "Company"), an IT service provider and one of the leading offshore software development companies in China, today reported its unaudited financial results for the second quarter ended June 30, 2008.

Second Quarter 2008 Financial and Operating Highlights -- Net revenues for the second quarter increased to $24.4 million, up 63.2% from the second quarter of 2007. -- Gross profit rose to $9.6 million, up 65.4% from the year-ago quarter. Gross margin improved to 39.2%, up from 38.7% in the same period in 2007. -- Operating margin was 15.2%, compared to 15.1% in the second quarter last year. -- Net income was $3.6 million, compared to $2.3 million in the second quarter of 2007. Adjusted net income (non-GAAP), which excludes share- based compensation expense, was $3.9 million, compared to $2.5 million a year ago. -- Diluted earnings per share ("EPS") were $0.09, and adjusted diluted EPS (non-GAAP), which excludes share-based compensation expense, was $0.10 in the second quarter. -- Employees totaled 4,564, including 4,003 billable professionals, as of June 30, 2008.

"We are pleased to see another strong quarter with record revenues and net profit. Demand from most of our existing clients continued to rise, and a number of newly acquired customers in the past year have been expanding the scope of their outsourcing assignments to us after our successful completion of the pilot projects," said Mr. Chris Chen, Chairman and Chief Executive Officer of VanceInfo. "Meanwhile, we see a growing trend of U.S. and European clients selecting China as a preferred emerging destination for software development and IT outsourcing services, thanks to the rapidly expanding IT talent pool in the country. Our market leadership and enhanced brand recognition since the IPO position us well in capitalizing this remarkable trend."

Second Quarter 2008 Financial Results

Due to the seasonal nature of its business, the Company presents financial analysis on a year-over-year basis between the second quarter of 2008 and the second quarter of 2007 as in the following paragraphs.

Net Revenues

Net revenues were $24.4 million in the second quarter of 2008, up 63.2% from $15.0 million in the second quarter of 2007. The increase in net revenues was primarily due to significant growth from a number of clients acquired in the past twelve months as well as healthy growth from our long-term core accounts.

Net Revenues by Service Lines

Net revenues from research & development services grew 60.1% compared with the second quarter of 2007 and accounted for 59.1% of the Company's net revenues. Telecom and wireless clients contributed a significant part of the growth. Net revenues from enterprise solutions had the strongest percentage growth in the second quarter 2008, up 122.8% from the year-ago quarter, primarily due to the increasing strength of our SAP consulting and implementation team, which was enhanced through an acquisition in the third quarter of last year. Growth from application development and maintenance and quality assurance and testing remained strong, achieving 79.2% and 34.5% in year over year growth, respectively.

Three Months Ended Three Months Ended June 30, 2008 June 30, 2007 (in thousands, except percentages) Research & development services $14,428 59.1% $9,014 60.2% Globalization & localization 1,105 4.5% 1,068 7.2% Enterprise solutions 3,396 13.9% 1,524 10.2% Application development & maintenance 3,896 16.0% 2,174 14.5% Quality assurance & testing 1,591 6.5% 1,183 7.9% Total net revenues $24,416 100.0% $14,963 100.0% Net Revenues by Geographic Markets

Based on the location of our clients' headquarters, the United States continued to be the Company's largest geographic market, accounting for $13.9 million or 56.9% of net revenues in the second quarter of 2008, followed by 18.8% from clients headquartered in China, 14.5% in Europe and 9.5% in Japan. The rising contribution from China headquartered clients is due to strong growth from the Company's domestic clients as well as the seasonally strong enterprise solutions service line, which serves a number of large Chinese enterprises.

Measuring the Company's revenues by geographic markets based on the location of the contract signing entities, rather than the location of the clients' headquarters, China accounted for 69.2% of net revenues in the second quarter 2008, while the United States and Japan accounted for 17.8% and 8.5%, respectively. The Company provides this supplemental geographic analysis to present an additional measure for assessing the Company's geographic participation and highlight its involvement in the expanding Chinese market.

Largest Clients

The total revenues from the Company's two largest clients, Microsoft and IBM, accounted for 29.5% of the Company's net revenues in the second quarter of 2008, compared to 36.8% in the same period last year. Similarly, revenues from the top five clients totaled 52.9% of net revenues in the quarter, compared to 58.0% in the second quarter of 2007.

Gross Profit and Gross Margin

Gross profit in the second quarter of 2008 was $9.6 million, an increase of 65.4% from $5.8 million in the second quarter of 2007. Gross margin was 39.2%, up from 38.7% in the same quarter last year, as the Company continued to improve its average billing rates for increasingly sophisticated service offerings while effectively managing the staff costs.

Operating Expenses

Sales and marketing expenses were $1.0 million in the second quarter of 2008, up from $0.5 million in the second quarter of 2007. The sales and marketing expenses rose as we strengthened our sales force in the third quarter of 2007 to expand the business development efforts in the United States. General and administrative expenses were $5.1 million in the second quarter of 2008, up 68.3% from $3.1 million a year ago. The increase was primarily due to higher administrative costs associated with being a public company as well as higher operational spending during the quarter to position the Company for additional growth in the second half of 2008.

Operating Income and Operating Margin

Operating income in the second quarter of 2008 was $3.7 million, up 64.2% from $2.3 million in the second quarter 2007. Operating margin was 15.2% in the second quarter of 2008, compared with 15.1% in the year-ago period.

Foreign currency exchange losses

Foreign exchange losses were $0.3 million in the second quarter of 2008, largely due to a loss from the depreciation of the monetary assets denominated in Japanese Yen against Chinese Renminbi at two of the Company's PRC operating entities during the quarter.

Provision for income taxes

The provision for income taxes was $0.4 million in the second quarter of 2008, compared to a tax credit of $15 thousand in the second quarter of 2007. As a "new and high-technology enterprise", the Company's main operating entity in China was entitled to a three-year tax exemption from year 2005 to 2007 and a 50% reduction from the 15% preferential tax rate from year 2008 to 2010. Under the new Chinese Enterprise Income Tax Regulation that became effective in 2008, however, all new and high-technology enterprises are required to re- apply for the status. Prior to receiving the official approval of this status, the Company calculates income tax expense based on the 25% statutory tax rate, instead of the 15% preferential tax rate, and a 50% reduction, resulting in a 12.5% income tax rate for the main operating entity in the first half of 2008.

Net Income and EPS

Net income in the second quarter of 2008 was $3.6 million, up 56.8% from $2.3 million in the second quarter of 2007. The net margin was 14.6% in the second quarter of 2008, compared to 15.2% in the second quarter of 2007. Non-GAAP net income, which excludes share-based compensation expense, was $3.9 million, up from $2.5 million a year ago. Non-GAAP net margin was 16.0%, compared to 16.8% in the prior year period. The decline in net margin was due to larger foreign exchange losses and higher provision for income taxes in the second quarter of 2008.

Diluted EPS was $0.09, and non-GAAP diluted EPS, which excludes share-based compensation expense, was $0.10 in the second quarter.

The non-GAAP measures are described below and reconciled to the corresponding GAAP measures in the section below titled "About Non-GAAP Financial Measures."

First Half 2008 Financial Results Net Revenues

Net revenues for the first half of 2008 were $44.9 million, up 76.9% from $25.4 million in the first half of 2007.

Net Revenues by Service Lines Six Months Ended Six Months Ended June 30, 2008 June 30, 2007 (in thousands, except percentages) Research & development service $26,449 58.9% $15,719 61.9% Globalization & localization 2,005 4.5% 1,933 7.6% Enterprise solutions 5,748 12.7% 2,259 8.9% Application development & maintenance 7,621 17.0% 3,206 12.6% Quality assurance & testing 3,095 6.9% 2,281 9.0% Total net revenues $44,918 100.0% $25,398 100.0% Gross Profit and Gross Margin

Gross profit for the first half of 2008 was $17.4 million, an increase of 78.4% from $9.7 million in the first half of 2007. Gross margin was 38.6% in the first half of 2008, up from 38.3% in the prior year period.

Net Income and EPS

Net income for the first half of 2008 was $6.6 million, up 86.2% from $3.6 million for the same period of 2007. Net margin was 14.7% in the first half of 2008, up from 14.0% in the same period in 2007. Non-GAAP net income, which excludes share-based compensation expense, was $7.3 million, up from $4.0 million a year ago. Non-GAAP net margin was 16.3%, up from 15.8% in the first half of 2007. Diluted EPS for the first half of 2008 was $0.16, and non-GAAP diluted EPS, which excludes share-based compensation expenses, was $0.18 for the first half of 2008.

Recent Developments Increased Equity Ownership in Shanghai Solutions

In July 2008, VanceInfo completed the acquisition of an additional 10% equity interest in Shanghai Solutions, a 75% owned subsidiary of the Company as of June 30, 2008, from NEC System Technologies Ltd. The agreement was signed in April 2008 as disclosed in the Company's first quarter earnings release. In August 2008, VanceInfo reached a preliminary agreement to acquire the remaining 15% of Shanghai Solutions in an all cash transaction from the two original founders.

Upon completion of the transaction in the third quarter of 2008, Shanghai Solutions will be renamed Shanghai VanceInfo Technologies Limited and will fully integrate other Japan related operations to become the single operating entity of the Company serving Japanese clients.

Appointment of Chief Operating Officer

Sidney Huang, currently Chief Financial Officer of VanceInfo, was appointed Chief Operating Officer of the Company effective August 12, 2008. In this expanded capacity, Mr. Huang will assume more responsibilities in managing the Company's operations in addition to his role as the Chief Financial Officer. Sidney Huang has also been a member of the CEO Office, along with CEO Chris Chen and President David Chen.

Outlook for the Third Quarter and Full Year 2008

VanceInfo expects to generate net revenues between $25 million and $26 million in the third quarter of 2008, representing a 39% to 44% increase from the third quarter of 2007. Third quarter diluted EPS is expected to be approximately $0.09 on a GAAP basis and $0.10 on a non-GAAP basis, which excludes share-based compensation, based on 41.0 million total ADS-equivalent average shares outstanding. Due to the new national holiday schedule in 2008 and the impact from the Beijing Olympic Games, the effective working days for the third quarter of 2008 are reduced by at least two days as compared to the same quarter in 2007, which will have a direct impact on the Company's net revenues and EPS expectations.

Based on the Company's current understanding of the new Chinese Enterprise Income Tax Regulation, the Company's estimate of its effective tax rate for 2008 at this time is between 8% and 14%. The ultimate applicable tax rate of the Company will depend on many factors, including whether its main operating entity will receive the approval of its High and New Technology Enterprise status under the new regulation.

For the full year 2008, the Company has increased its guidance and expects that:

-- Net revenues to be between $96 million and $99 million, representing a 53% to 58% increase from 2007. -- Diluted EPS to be between $0.35 and $0.38 on a GAAP basis, and non-GAAP diluted EPS excluding share-based compensation to be between $0.38 and $0.41, based on 40.8 million total ADS-equivalent average shares outstanding. -- Total headcount by the end of 2008 to be approximately 5,000. Conference Call

VanceInfo will host a conference call and live webcast to discuss the quarter's results and outlook at 8:00 AM Eastern Standard Time (8:00 PM Beijing/Hong Kong time) on August 14, 2008. Please dial-in five to ten minutes prior to the call to register and receive further instructions.

The dial-in details for the live conference call are: -- U.S. Toll Free Number: +1 866-510-0705 -- International dial-in number: +1 617-597-5363 -- Hong Kong dial-in number: +852 3002-1672 Passcode: VanceInfo

The conference call will be available live by webcast on the Investors section of VanceInfo Technologies website at http://ir.vanceinfo.com/ . The archive replay will be available on VanceInfo's website shortly after the call.

A dial-in replay of the conference call will be available until 12:00 p.m. EST, August 21, 2008 at +1 888-286-8010 or +1 617-801-6888; Passcode: 68016442.

About VanceInfo

VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange. The Company ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2007 revenues, according to International Data Corporation. VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, and globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan, and China, targeting high-growth industries such as technology, telecommunications, financial services, manufacturing, retail, and distribution.

Safe Harbor

This news release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, should, expects, anticipates, future, intends, plans, believes, estimates, and similar statements. Among other things, the management's quotations and "Outlook for the Third Quarter and Full Year 2008" contain forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, the company's dependence on a limited number of clients for a significant portion of its revenues, the overall economic growth in its principal geographic markets, the quality and portfolio of its services lines and industry expertise, and the availability of a large talent pool in China and supply of qualified professionals, as well as the PRC government's investment in infrastructure construction and adoption of various incentives in the IT service industry. Further information regarding these and other risks is included in VanceInfo's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. All information provided in this news release and in the attachments is as of August 14, 2008, and VanceInfo does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement VanceInfo's consolidated financial results presented in accordance with GAAP, VanceInfo uses the following measures defined as non-GAAP financial measures by the SEC: net income excluding share-based compensation expenses, and diluted EPS excluding share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP financial measures to comparable GAAP measures" set forth at the end of this release.

VanceInfo believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding certain expenses and expenditures that may not be indicative of its operating performance from a cash perspective. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing the Company's performance and when planning and forecasting future periods. A limitation of using non-GAAP net income excluding share-based compensation expenses, and diluted EPS excluding share-based compensation expenses is that these non-GAAP measures exclude the share-based compensation charges that have been and will continue to be for the foreseeable future a significant recurring expense in the business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are comparable to non-GAAP financial measures.

VanceInfo Technologies Inc. Condensed Consolidated Balance Sheets (Unaudited) (US dollars in thousands) June 30 December 31 2008 2007 Assets Current assets Cash and cash equivalents $74,949 $76,835 Accounts receivable 30,380 24,708 Other current assets 7,237 7,250 Total current assets 112,566 108,793 Property and equipment, net 9,784 7,999 Goodwill and other intangible assets 15,198 11,701 Other long-term assets 1,537 583 Total assets $139,085 $129,076 Liabilities, minority interest, and shareholders' equity Current liabilities $16,457 $17,114 Other liabilities 1,547 954 Total liabilities 18,004 18,068 Minority interest 543 630 Shareholders' equity (a) 120,538 110,378 Total liabilities, minority interest, and shareholders' equity $139,085 $129,076 (a) As of June 30, 2008, there were 37,314,095 ordinary shares issued and outstanding. VanceInfo Technologies Inc. Condensed Consolidated Statements of Operations (Unaudited) (US dollars in thousands, except share and share related data) Three months ended Six months ended June 30, June 30, 2008 2007 2008 2007 Net revenues $24,416 $14,963 $44,918 $25,398 Cost of revenues (1) 14,848 9,178 27,566 15,671 Gross profit 9,568 5,785 17,352 9,727 Selling and marketing expenses (1) 1,041 496 2,019 780 General and administrative expenses (1) 5,140 3,054 9,483 5,393 Other operating income 315 20 459 21 Income from operations 3,702 2,255 6,309 3,575 Interest income 540 219 1,207 429 Interest expenses 24 -- 47 - Foreign currency Exchange gains (losses) (285) (120) 91 (193) Change in fair value of warrants -- 86 -- 127 Income before income taxes and minority interest 3,933 2,268 7,560 3,684 Provision for income taxes 437 (15) 1,028 91 Income before minority interest 3,496 2,283 6,532 3,593 Minority interest 63 (12) 87 (38) Net income $3,559 $2,271 $6,619 $3,555 Earnings per share Basic - ordinary share $0.10 $0.05 $0.18 $0.07 Basic - Series A convertible redeemable preferred share N/A 0.09 N/A 0.15 Basic - Series B-1 convertible redeemable preferred share N/A 0.09 N/A 0.16 Basic - Series B-2 convertible redeemable preferred share N/A 0.12 N/A 0.20 Diluted - ordinary share 0.09 0.05 0.16 0.06 Weighted average shares outstanding (in thousands) Basic - ordinary share 37,221 10,67 37,210 9,760 Basic - Series A convertible redeemable preferred share -- 7,155 -- 7,165 Basic - Series B-1 convertible redeemable preferred share -- 2,990 -- 2,990 Basic - Series B-2 convertible redeemable preferred share -- 6,380 -- 6,380 Diluted - ordinary share 40,779 11,857 0,483 11,048 (1) Depreciation and amortization expenses totaled $1,021 and $684 for the three months ended June 30, 2008 and 2007, respectively, and $1,863 and $1,050 for the six months ended June 30, 2008 and 2007, respectively. VanceInfo Technologies Inc. Reconciliations of Non-GAAP Financial Measures to Comparable GAAP Measures (In US dollars in thousands, except per share data and percentages) Three Months Ended June 30, 2008 GAAP Adjustments Non-GAAP Net income $3,559 $343 (a) $3,902 Net margin 14.6% 1.4% (a) 16.0% Average shares (e) 40,779 -- 40,779 Diluted EPS $0.09 $0.01 (f) $0.10 Three Months Ended June 30, 2007 GAAP Adjustments Non-GAAP Net income $2,271 $237 (c) $2,508 Net margin 15.2% 1.6% (c) 16.8% Average shares (e) 11,857 18,120 29,977 Diluted EPS $0.05 $0.04 (f) $0.09 Six Months Ended June 30, 2008 GAAP Adjustments Non-GAAP Net income $6,619 $689 (b) $7,308 Net margin 14.7% 1.6% (b) 16.3% Average shares (e) 40,483 -- 40,483 Diluted EPS $0.16 $0.02 (f) $0.18 Six Months Ended June 30, 2007 GAAP Adjustments Non-GAAP Net income $3,555 $459 (d) $4,014 Net margin 14.0% 1.8% (d) 15.8% Average shares (e) 11,048 18,130 29,178 Diluted EPS $0.06 $0.08 (f) $0.14 Notes:

(a) Adjustment to exclude share-based compensation of $343 from operations of which $56 was reported in cost of revenues, $46 was reported in selling and marketing expenses and $241 was reported in general and administrative expenses in the unaudited condensed consolidated statements of operations.

(b) Adjustment to exclude share-based compensation of $689 from operations of which $114 was reported in cost of revenues, $91 was reported in selling and marketing expenses and $484 was reported in general and administrative expenses in the unaudited condensed consolidated statements of operations.

(c) Adjustment to exclude share-based compensation of $237 from operations of which $19 was reported in cost of revenues, $11 was reported in selling and marketing expenses and $207 was reported in general and administrative expenses in the unaudited condensed consolidated statements of operations.

(d) Adjustment to exclude share-based compensation of $459 from operations of which $37 was reported in cost of revenues, $21 was reported in selling and marketing expenses and $401 was reported in general and administrative expenses in the unaudited condensed consolidated statements of operations.

(e) Represent weighted average number of dilutive ordinary shares outstanding

(f) Non-GAAP diluted EPS is computed by dividing Non-GAAP net income by the weighted average number of dilutive ordinary shares outstanding for the respective periods plus the number of ordinary shares resulting from the assumed conversion of the Series A, B-1, B-2 and B-3 convertible redeemable preferred shares as of the beginning of the prior year period.

VanceInfo Technologies Inc.

CONTACT: Melissa Ning, Director, Investor Relations of VanceInfo
Technologies Inc., +86-10-8282-5330, or ir@vanceinfo.com

Web site: http://ir.vanceinfo.com/

Mobile Industry Veteran Jay Emmet Appointed General Manager of OpenMarketEmmet Brings More than 15 Years of Industry Expertise to New Leadership Role

SEATTLE, Aug. 14 /PRNewswire/ -- OpenMarket Inc., a premier provider of mobile messaging and financial payment processing systems for direct-to- consumer (D2C) mobile commerce, today announced that Jay Emmet has been appointed as general manager of OpenMarket.

Emmet has more than 15 years of wireless industry and mobile channel experience. He has strong, established relationships with major mobile operators, media companies and content providers. Emmet is an active member of the mobile community, previously serving on the board of the Mobile Marketing Association (MMA) and was vice chairman of the Executive Committee.

Prior to joining OpenMarket, Emmet was president-Americas at mBlox where he led the successful market launch of premium SMS services into the U.S. consumer markets. Additionally, he has held leadership positions at ATG, New Edge Networks and Light Networks.

OpenMarket gives consumers a safer and more consistent experience in purchasing off-deck mobile content. Modeled after large scale commerce systems like credit card processing and similar clearing house systems, OpenMarket enables mobile content providers to reach more than 98 percent of U.S. mobile subscribers through its service provider connections, more than any other aggregator in the market.

About OpenMarket

OpenMarket is the only complete messaging and financial system for mobile commerce, and the provider of choice for companies looking to reliably sell premium digital content directly to consumers. OpenMarket provides an innovative and powerful suite of on-demand services from a trusted industry expert enabling the largest consumer brands to the smallest enterprises to rapidly and cost effectively launch their product offers and promotions in the mobile channel. OpenMarket provides the most direct network operator connections in the U.S. market today. OpenMarket is a business of Amdocs. Visit http://www.openmarket.com/ for more information.

About Amdocs

Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and intentional customer experience(TM) at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $2.84 billion in fiscal 2007, Amdocs has more than 17,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/.

Amdocs Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2007, filed on December 3, 2007, and in our quarterly 6-K furnished on February 11, May 6 and August 11, 2008.

OpenMarket Inc.

CONTACT: Garland Harwood, Weber Shandwick for Amdocs, +1-212-445-8373,
gharwood@webershandwick.com

Web site: http://www.openmarket.com/
http://www.amdocs.com/

ViewCast Corporation Reports 2008 Second-Quarter Financial ResultsYear-Over-Year Uptrend Continues for Revenues, Gross Profit, Operating Income, EBITDA; Reports Net Income Versus Loss in Prior-Year Quarter

PLANO, Texas, Aug. 14 /PRNewswire-FirstCall/ -- ViewCast Corporation (BULLETIN BOARD: VCST) , a leading global provider of streaming media hardware and software, today reported financial results for the second quarter ended June 30, 2008.

Revenues for the quarter rose to $4.2 million, from $3.9 million in second-quarter 2007, due to higher sales of Osprey capture cards and higher maintenance and other fees. Gross profit in second quarter 2008 increased to $2.9 million, or 70 percent of revenues, from $2.3 million, or 59 percent of revenues, in second-quarter 2007, due to pricing strength, a higher proportion of Osprey cards in the product mix, and cost reductions from supply-chain initiatives implemented during 2007.

President and Chief Executive Dave Stoner remarked: "The trend toward video streaming over the Internet continues, and we expect the rate of adoption to increase in approaching periods. Even in the present, we're seeing increasing evidence that streaming is becoming more mainstream. A good example of this is the 2008 Olympics in Beijing, where more people then ever before will be able to use their computers and cell phones to see events live or on-demand any time of day."

According to Stoner, sales increased in all regions, and recently launched products gained sales traction. Sales of Osprey(R) cards rose strongly due to the adoption of the Company's new Osprey PCI Express and high-definition products. Sales of Niagara appliance encoders, such as Niagara Pro and Niagara GoStream, increased, although offset by a decline in sales of non-appliance Niagara encoders and third-party software, compared to second-quarter last year. However order flows, especially from channels, remain strong and are expected to result in higher sales in third and fourth quarters. In addition, the Company is seeing growing interest in its new Niagara GoStream SURF portable encoder, which began shipping in June and produces professional-grade results in a simple, effortless process that is ideal for many types of organizations and applications.

Operating expenses for the quarter rose to $2.8 million from $2.3 million in second-quarter 2007 due to planned increases in marketing, sales and support personnel, and related marketing and sales activity. Research and development expenses also increased due to new-product prototype development and expenses related to introductions of new Osprey and Niagara products, and increased investment in future hardware and software technology innovation.

Operating income improved to $149,700 from $19,600 in second-quarter 2007, and other expense, net, declined to $31,600, compared to $60,800 in second-quarter 2007.

Net income for the quarter was $116,500, compared to a net loss of $41,100 in the second quarter of 2007.

Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter was $264,500, or six percent of revenue, compared to EBITDA of $117,400, or three percent of revenue, in second-quarter 2007. EBITDA is a non-GAAP measure that ViewCast management believes can be helpful in assessing the Company's overall performance and considers an indicator of operating efficiency and earnings quality. EBITDA should be viewed in conjunction with the Company's reported financial results and other financial information prepared in accordance with GAAP.

Revenues for six months were 12.3 percent higher at $8.3 million versus $7.4 million for six-months 2007. Gross profit rose 32 percent to $5.7 million, or 69 percent of revenues, from $4.3 million, or 59 percent of revenues, for six-months 2007.

Operating expenses for six months were $5.3 million, compared to $4.2 million for the same period in 2007. Operating income for six months was $395,600, compared to operating income of $88,000 for six-months 2007.

Net income for six months was $317,400, compared to $213,500 for six-months 2007.

EBITDA for six months improved to $622,700 from $247,200 for the same period in 2007.

Chief Financial Officer Laurie Latham added: "For the first half of this year we've continued to make progress toward stronger growth and expect this trend to continue in subsequent periods. Based on order flows, continued high levels of marketing and sales activities plus fourth quarter product introductions, we believe revenue growth at 20 percent or more for full-year 2008 is attainable, compared to full-year 2007. In addition, gross margins appear to be sustainable in the 65 percent range for the remainder of the year."

Latham also said that, based on plans for the rest of 2008, total quarterly operating expenses are expected to remain at or near recent levels, with expenses related to marketing and sales staffing and trade shows rising slightly and other general and administrative expenses holding steady. As a result, management anticipates continuing improvement in net results and cash flow.

Latham added that the Company remains focused primarily on sales growth and expanding market share through continuing product innovation, focused and expanded sales and marketing activities, and, potentially, through acquisition.

Conference Call Information

A conference call with management is scheduled today at 11 a.m. EDT to discuss the Company's financial results, business strategy and outlook for 2008. The call may be accessed by dialing 800-762-8779 five minutes prior to the scheduled start time and referencing ViewCast. For callers outside the United States, dial 480-629-9041. A live audio webcast of the call will also be available at http://www.viewcast.com/irconferencecall. An archive of the webcast will be available at the same web page beginning approximately 30 minutes after the end of the call.

About ViewCast Corporation

ViewCast designs, manufactures and markets high-quality encoding products that enable users to capture, encode and brand audio/video content for live (streaming) and video-on-demand (VOD) delivery over IP and mobile networks. User-friendly encoder appliances include the Niagara(R) Pro and portable Niagara GoStream(R) families -- all powered by their renowned Osprey(R) video capture technology. ViewCast's software, including Niagara SCX(R), Niagara SCX SDK and Osprey SimulStream(R), enhances Osprey and Niagara hardware to configure multiple, simultaneous multi-format, multi-bitrate, multi-resolution video streams. This array of tools empowers broadcasters, businesses, telcos and government to expand their audience via Internet and mobile video. http://www.viewcast.com/

ViewCast, Osprey, Niagara, Niagara SCX, GoStream, SimulStream, and EZStream are trademarks or registered trademarks of ViewCast Corporation or its subsidiaries. All other trademarks appearing herein are the property of their respective owners.

Safe Harbor Statement

Certain statements in this release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and reflect the Company's current outlook. Such statements apply to future events and are therefore subject to risks and uncertainties that could cause actual results to differ materially. Important factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, changes in market and business conditions, demand for the Company's products and services, technological change, the ability of the Company to develop and market new products, increased competition, the ability of the Company to obtain and enforce its patent and avoid infringing other parties' patents, and changes in government regulations. All written and verbal forward-looking statements attributable to ViewCast and any person acting on its behalf are expressly qualified in their entirety by the cautionary statements set forth herein. ViewCast does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date on which the forward-looking statements are made. For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the company's reports on Form 10-KSB and 10-QSB on file with the U.S. Securities and Exchange Commission.

[Financial Tables Follow] VIEWCAST CORPORATION OPERATING HIGHLIGHTS (Unaudited) (In thousands - except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Net sales $4,205 $3,926 $8,322 $7,409 Cost of sales 1,280 1,624 2,617 3,071 Gross profit 2,925 2,302 5,705 4,338 Total operating expenses 2,775 2,282 5,309 4,250 Operating income 150 20 396 88 Total other income (expense) (32) (61) (72) 125 Income tax expense (1) - (7) - Net income (loss) $117 $(41) $317 $213 Preferred dividends (205) (204) (410) (406) Net loss applicable to common stockholders $(88) $(245) $(93) $(193) Net loss per common share: Basic $(0.00) $(0.01) $(0.00) $(0.01) Diluted (0.00) (0.01) (0.00) (0.01) Weighted Average number of common shares outstanding: Basic 32,103 32,048 32,092 31,350 Diluted 32,103 32,048 32,092 31,350 RECONCILIATION OF NET INCOME TO EBITDA (Unaudited) (In thousands) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Net income (loss) $117 $(41) $317 $213 Depreciation and amortization 114 97 227 159 Total other and income tax expense 33 61 79 (125) EBITDA $264 $117 $623 $247 ViewCast Contact: Laurie Latham Chief Financial Officer (972) 488-7200 Investor Contact: Dan Matsui Allen & Caron (949) 474-4300

ViewCast Corporation

CONTACT: Laurie Latham, Chief Financial Officer of ViewCast,
+1-972-488-7200; or Investors, Dan Matsui of Allen & Caron, +1-949-474-4300,
for ViewCast Corporation

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

Incentra Solutions Announces Extension of Preferred Stock Redemption Date

BOULDER, Colo., Aug. 14 /PRNewswire-FirstCall/ -- Incentra Solutions, Inc. (BULLETIN BOARD: ICNS) , a provider of complete IT services and solutions to enterprises and managed service providers in North America and Europe, today announced that it has reached agreement with the holders of its Series A Convertible Redeemable Preferred Stock (Preferred Stock) to extend the earliest possible date for redemption to January 1, 2010. Redemption of the Preferred Stock on that date is optional at the discretion of the holder. The optional redemption date was originally scheduled for August 18, 2008.

Incentra and the holders of the Preferred Stock also agreed to a dividend of 6 percent per year, accruing daily, from August 19, 2008 through February 18, 2009, and 12 percent thereafter through December 31, 2009. However, in the event any shares of the Preferred Stock are converted to shares of common stock prior to February 19, 2009, those shares of Preferred Stock will not be eligible for dividends.

All other terms associated with the $31,200,000 of Series A Convertible Redeemable Preferred Stock remain unchanged and can be found in the Company's filings with the Securities and Exchange Commission.

About Incentra Solutions, Inc.

Incentra Solutions, Inc. (http://www.incentrasolutions.com/) (BULLETIN BOARD: ICNS) is a provider of complete IT services and solutions to enterprises and managed service providers in North America and Europe. Incentra's complete solution includes managed services, professional services, hardware and software products with the Company's First Call and Enhanced First Call support services, IT outsourcing solutions and financing options.

Incentra Solutions Forward Looking Statements

Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. For further information on factors which could impact the Company and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contacts for Incentra Solutions: Allen & Caron Inc Incentra Solutions, Inc. Jill Bertotti (investors) Anthony DiPaolo jill@allencaron.com Chief Financial Officer Len Hall (financial media) adipaolo@incentrasolutions.com len@allencaron.com (720) 566-5000 (949) 474-4300

Incentra Solutions, Inc.

CONTACT: Investors, Jill Bertotti, jill@allencaron.com, or Financial
Media, Len Hall, len@allencaron.com, both of Allen & Caron Inc,
+1-949-474-4300, for Incentra Solutions, Inc.; or Anthony DiPaolo, Chief
Financial Officer of Incentra Solutions, Inc., +1-720-566-5000,
adipaolo@incentrasolutions.com

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

VoIP-PAL Announces Joint Venture

SUN VALLEY, Calif., Aug. 14 /PRNewswire-FirstCall/ -- VoIP-PAL.com, Inc. (Pink Sheets: VPLM), a leading provider of telecommunications products and services, announces Joint Venture to develop http://www.rupeechat.com/ and http://www.rupeephone.com/ as two new sales channels for VoIP-PAL products and services marketing to India's travelers and social networks!

"One of the greatest retail demographics for our products is India and its travelers and expatriates that live in North America," said Richard Kipping, CEO of VoIP-PAL.com, Inc. "We are developing a social network with our Indian partners (To be announced when the new site is up) that gives their members the ability to talk to each other as well as cyber chat. Members will be able to go to any VoIP-PAL or its partners' sites and top up their LD minutes with their charge cards or, very soon, VoIP-PAL's new transactional pay platform, using miles/points instead of cash. This opens up a new sales channel for VoIP-PAL that has huge potential for revenue!"

Watch for further developments as they appear at http://www.voip-pal.com/ as well as the two sites mentioned above.

About VoIP-PAL.com, Inc.

VoIP-PAL.com, Inc. is a broadband VoIP telecom company offering local and long distance VoIP services to consumers and business owners. The company offers turnkey solutions for its Partners for the Loyalty Transactional platform. For more information, please contact Richard Kipping at (818 627 0911) or Richard@voip-pal.com or visit us at http://www.voip-pal.com/.

VoIP-PAL.com, Inc.

CONTACT: Richard Kipping of VoIP-PAL.com, Inc., +1-818-627-0911,
Richard@voip-pal.com

Web site: http://www.voip-pal.com/

F3 Technologies, Inc. in 'Hot' On-Demand Sector; Internet Interview With CEO Focuses on Business Strategies

ALPHARETTA, Ga., Aug. 14 /PRNewswire-FirstCall/ -- F3 Technologies, Inc. (Pink Sheets: AUMN), an Atlanta-based SaaS (Software-as-a-Service) development company and application service provider, is pleased to announce that Frank Connor, Chief Executive Officer, was recently interviewed by Francis Gaskins, the well known IPO expert, on the Company's products, business strategies and future plans.

The complete interview is available at http://www.stoxrox.com/aumn-c.mp3 .

"The on-demand sector has been hot on Wall Street," Mr. Gaskins said. In the interview, Mr. Connor explains how F3 Technologies was developed and the core strengths of each of its key products, which are detailed below. "We are a very young company and, as revenues ramp up, we look for significant improvement in our market cap," Mr. Connor said.

"The Software-as-a-Service industry is a multi-billion dollar industry. Using similar on-demand pricing schedules, some of our competitors are approaching $1 billion in revenue already this year. Other companies are building software on platforms utilizing 'cloud computing,' where software is no longer OS-based, but instead Internet-based," Mr. Connor said. "The publication, The Economist, last month said that the computer has been reduced to little more than a terminal to the Internet. In the next 10-15 years, most of the software you use will be Internet based. We're just starting to scratch the surface now," F3 Technologies CEO said about the Company's prospects.

About F3 Technologies

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

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

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

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

Safe Harbor

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

Contact: F3 Technologies, Inc. Frank Connor CEO 1-800-418-4870 ext. 201 Paul Knopick E & E Communications pknopick@eandecommunications.com 949/707-5365

F3 Technologies, Inc.

CONTACT: Frank Connor, CEO of F3 Technologies, Inc., 1-800-418-4870,
ext. 201; or Paul Knopick of E & E Communications, +1-949-707-5365,
pknopick@eandecommunications.com, for F3 Technologies, Inc.

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

Spansion(R) EcoRAM(TM) Memory Recognized for Most Innovative Flash Memory Technology at 2008 Flash Memory SummitCompany Selected as Best of Show Awards Winner

SUNNYVALE, Calif., Aug. 14 /PRNewswire-FirstCall/ -- Spansion Inc. , the world's largest pure-play provider of Flash memory solutions, announced that Spansion(R) EcoRAM(TM) memory has been chosen by the Flash Memory Summit as a Best of Show award winner for 2008 in the category of Most Innovative Flash Memory Technology. The annual Best of Show award, a premier opportunity for industry recognition of innovative products and solutions and how they are being used in the marketplace, selected Spansion EcoRAM for its ability to replace power-hungry DRAM in data center servers, dramatically reducing energy consumption and increasing memory capacity.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO)

Spansion has been bestowed the Best of Show award in recognition for its development of Spansion EcoRAM and the technical and business impact of this unique Flash memory innovation. According to the Environmental Protection Agency (EPA), data centers are expected to consume more than 100 billion kilowatt-hours (kWh) of electricity a year by 2011, up from 60 billion kWh in 2006 at a total cost of $7.4 billion annually. Spansion EcoRAM replaces power-hungry DRAM in data center servers to slash energy consumption by 75 percent and to increase memory capacity eight-fold. The Spansion EcoRAM breakthrough builds upon Spansion's innovations in Flash memory architecture to provide high-performance read and write capabilities at high densities.

"To address the troubling predictions of dramatically escalating energy consumption and cost in the data center, we tried to think outside the box by innovating a revolutionary new solution with proven business value," said Bertrand Cambou, President and CEO, Spansion. "The development of Spansion EcoRAM as a DRAM replacement is a significant milestone in our long-term strategy to expand the scope of flash memory use outside traditional applications. We're honored to receive the Flash Memory Summit award in recognition for our innovation."

Winning companies were judged by a panel of industry experts who evaluated each nomination according to the following criteria:

-- Distinctiveness of the application, technology, or product -- Central use of flash memory as a customer solution -- Technical and business significance

"Flash memory technologies have the ability to transcend beyond traditional applications and Spansion EcoRAM is a clear example of that," said Jay Kramer, Chairman of the Flash Memory Summit Best of Show Awards Program. "While customers are focused on creating energy efficient data centers, it is the innovation of Spansion's technology that can make a real difference toward their future success. Spansion EcoRAM is clearly the Flash Memory Summit Best of Show Technology Innovation."

Spansion was honored at the Flash Memory Summit Awards evening reception in the Exhibit Hall on Wednesday, August 13. For a complete list of all the Flash Memory Summit Best of Show awards winners, visit http://www.flashmemorysummit.com/.

About Spansion

Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in wireless, automotive, networking and consumer electronics applications. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to designing, developing, manufacturing, marketing and selling Flash memory solutions. For more information, visit http://www.spansion.com/.

Spansion(R), the Spansion logo, MirrorBit(R), MirrorBit(R) Eclipse(TM), ORNAND(TM), Spansion(R) EcoRAM(TM) and combinations thereof, are trademarks of Spansion LLC in the U.S. and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.

About the Flash Memory Summit

Produced by Conference ConCepts, Inc., the Flash Memory Summit is the only conference dedicated entirely to flash memory and its applications. It is intended for system designers, analysts, hardware and software engineers, product marketing and marketing communications specialists, and engineering and marketing managers. It features forums, half-day tutorials, paper and panel sessions, and expert tables. Subjects include harsh environments, laptops, enterprise storage system applications, consumer products, performance, product design, caching methods, design methods, software, new technologies, market research, testing and reliability, and security. The Summit also includes exhibits of the latest products and product awards. For more information, visit http://www.flashmemorysummit.com/.

About Conference ConCepts, Inc.

Founded in 1994, Conference ConCepts is a full-service professional conference and association management company that provides extensive capabilities in all aspects of technical conference management. Conference ConCepts develops and produces events both on its own, and in partnership with associations, corporations, and publishers. The skill sets of the company's employees and contractors, representing over 200 cumulative years of experience, enables Conference ConCepts to offer clients a choice of services, ranging from assistance with a single aspect of a conference to the complete development and administration of a full-fledged "turnkey" event. For more information about Conference ConCepts, visit: http://www.confconcepts.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Spansion Inc.

CONTACT: Holly Burkhart of Spansion Inc., +1-408-616-1170

Web site: http://www.spansion.com/
http://www.flashmemorysummit.com/

Qiao Xing Mobile's Chairman and Vice Chairman Announce Share Purchase Plan

BEIJING, Aug. 14 /Xinhua-PRNewswire-FirstCall/ -- Qiao Xing Mobile Communication Co., Ltd. ("Qiao Xing Mobile" or "the Company") , one of China's leading domestic manufacturers of mobile handsets, through its subsidiary CEC Telecom Co., Ltd. ("CECT"), today announced that its Chairman Mr. Wu Zhiyang and its Vice Chairman Mr. Wu Ruilin plan to purchase up to an aggregate of US$2 million worth of shares of Qiao Xing Mobile. The purchases will be made from time to time on the open market through NYSE Euronext at prevailing market prices, in negotiated transactions off the market, in block trades or pursuant to a 10b5-1 plan. The purchases will be made subject to insider trading considerations and shareholder reporting requirements. The timing and extent of any purchases will depend upon market conditions, the trading price of the Company's shares and other factors.

Mr. Wu Zhiyang, Chairman of the Company and Mr. Wu Ruilin, Vice Chairman of the Company, commented, "We are confident that the current stock price levels do not reflect Qiao Xing Mobile's current potential value and we have decided to demonstrate that confidence in the form of purchases of the company's stock."

About Qiao Xing Mobile Communication Co., Ltd.:

Qiao Xing Mobile Communication Co., Ltd. is one of the leading domestic manufacturers of mobile handsets in China in terms of unit sales volume. The Company manufactures and sells mobile handsets based primarily on Global System for Mobile Communications, or GSM, global cellular technologies. It operates its business primarily through CEC Telecom Co., Ltd., or CECT, its 96.6%-owned subsidiary in China. Currently, all of its products are sold under the "CECT" brand name. Through its manufacturing facility in Huizhou, Guangdong Province, China, and two research and development centers in Huizhou and in Beijing, the Company develops, produces and markets a wide range of mobile handsets, with increasing focus on differentiated products that generally generate higher profit margins. For more information, please visit http://www.qxmc.com/ .

Safe Harbor Statement

This announcement contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements can be identified by words or phrases such as "aim," "anticipate," "believe," "continue," "estimate," "expect," "intend," "is /are likely to," "may," "plan," "potential," "will" or other similar expressions. Statements that are not historical facts, including statements about Qiao Xing Mobile's beliefs and expectations, as well as those of Messrs. Wu and Wu, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Information regarding these factors is included in our filings with the Securities and Exchange Commission. Qiao Xing Mobile does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of August 14, 2008, and Qiao Xing Mobile undertakes no duty to update such information, except as required under applicable law.

For further information, please contact: Ma Tao Qiao Xing Mobile Communication Co., Ltd. Tel: +86-10-6250-1706 Email: matao@cectelecom.com

Qiao Xing Mobile Communication Co., Ltd.

CONTACT: Ma Tao of Qiao Xing Mobile Communication Co., Ltd., +86-10-
6250-1706, or matao@cectelecom.com

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

Tower Semiconductor Announces Second Quarter 2008 Results Conference Call

MIGDAL HAEMEK, Israel, August 14 /PRNewswire-FirstCall/ -- Tower Semiconductor , a pure-play independent specialty foundry, will hold its conference call to discuss second quarter 2008 results on Wednesday, August 20, 2008, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 17:00 Israel Time).

The conference call will also include an update on Tower and Jazz Technologies Plan of Merger and Reorganization, following the form F-4 effectiveness and the Jazz shareholders meeting set to vote on and approve the merger on September 17, 2008.

Tower Semiconductor will issue the second quarter earnings release on Wednesday, August 20, 2008, during pre-market hours.

This call is being webcast by Thomson/CCBN and can be accessed at Tower's Web site at http://www.towersemi.com/, or can also be accessed in the U.S. and in Israel by calling a domestic number:

1-888-668-9141 (U.S. Toll-Free) 03-918-0691 (Israel) +972-3-918-0691 (International)

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at http://www.earnings.com/, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (http://www.streetevents.com/).

The teleconference will be available for replay for 90 days. About Tower Semiconductor Ltd.:

Tower Semiconductor Ltd. is an independent specialty foundry that delivers customized solutions in a variety of advanced CMOS technologies, including digital CMOS, mixed-signal and RF (radio frequency) CMOS, CMOS image sensors, power management devices, and embedded non-volatile memory solutions. Tower's customer orientation is complemented by its uncompromising attention to quality and service. Its specialized processes and engineering expertise provides highly flexible, customized manufacturing solutions to fulfill the increasing variety of customer needs worldwide. Offering two world-class manufacturing facilities with standard and specialized process technologies ranging from 1.0- to 0.13-micron, Tower Semiconductor provides exceptional design support and technical services to help customers sustain long-term, reliable product performance, while delivering on-time and on-budget results. More information can be found at http://www.towersemi.com/.

Contact Information: Tower Semiconductor Limor Asif, +972-4-650-6936 Limoras@towersemi.com or: Shelton Group Ryan Bright, +1-972-239-5119 ext. 159 rbright@sheltongroup.com

Tower Semiconductor Ltd

CONTACT: Contact Information: Tower Semiconductor, Limor Asif,
+972-4-650-6936, Limoras@towersemi.com; or: Shelton Group, Ryan Bright,
+1-972-239-5119 ext. 159, rbright@sheltongroup.com

Wirecard and IPS to Offer Joint Payment Services for Europe and China

MUNICH and GRASBRUNN, Germany and HONG KONG, August 14 /PRNewswire/ -- Wirecard AG and International Payment Solutions (Shanghai) Limited ("IPS") today announced a strategic alliance to offer joint payment and risk management services for the European and Chinese eCommerce market. IPS was the first payment company providing international credit card online real time payment processing services in China.

The alliance between Wirecard and IPS extends Wirecard's coverage of China's domestic payment schemes and substantially broadens Wirecard's service offering for the Asian market. In parallel, IPS' China-based enterprise customers gain access to all major European domestic payment and risk-management schemes.

"With China's leading businesses expanding internationally, we experience an increasing demand for the acceptance of European domestic payment schemes," said Sunny Cheung, Deputy CEO of IPS. "The alliance allows us to leverage Wirecard's leading position in the European Internet payment market and to offer our clients local acquiring and banking services for their European businesses."

"Our strategic alliance combines the unique geographical strengths of both companies," said Rüdiger Trautmann, COO of Wirecard AG. "Driven by a rapidly growing economy, more than 2.5 million Chinese tourists traveled to Europe in 2007, spending an average USD 5,000 per visit. The ability to accept payments from Chinese consumers through their payment method of choice is a significant competitive advantage not only for our customers in the travel industry."

Home to what is the largest online population in the world at over 253 million users(1), China is a market full of potential not only for domestic ecommerce sites, but increasingly for international retailers and travel sites alike. Although credit card penetration was up by 82% in 2007, only a small percentage of China's citizens hold a credit card(2). Ecommerce sites seeking broad access to the Chinese market are thus required to accept cash payments and to integrate with more than 20 different financial institutions individually in order to be able to accept China's 1.5 billion domestic debit cards in circulation.

In parallel to the extraordinary growth of China's ecommerce market, Chinese businesses are increasingly targeting overseas customers directly over the Internet. Whether retailers, airlines or travel agents an ever growing number of Chinese companies is facing the complexities of global payment acceptance and risk management.

About IPS:

International Payment Solutions (Shanghai) Limited ("IPS") was founded in 2000 as one of the first payment service providers in mainland China. For 8 years IPS has been the trusted payment service provider for millions of card holders. With transaction volume rising rapidly, IPS has become the forerunner in the payment service arena.

Currently IPS transacts with all major domestic banks in China as well as numerous international credit card companies including VISA, MasterCard, JCB, and Singapore's NETS. IPS has established a good working relationship with all of them. IPS is also the strongest online payment platform for China debit cards as it processes tens of thousands online transactions originated from mainland China, Hong Kong, Macau, and Singapore.

IPS headquarter is located in Shanghai and has offices in Beijing, Shenzhen, and Hong Kong.

http://www.ips.com.cn

About Wirecard AG:

Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, Wirecard supports over 9,000 companies from many and various industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG provides account and credit card services both for business and private customers and is a Principal Member of VISA, MasterCard and JCB. The Internet payment service Wirecard enables consumers to make secure payments at millions of MasterCard acceptance outlets worldwide. In addition, registered users can send or receive money orders to each other on a real-time basis. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).

http://www.wirecard.com http://www.wirecardbank.de http://www.mywirecard.com --------------------------------- (1) China Internet Network Information Center (2008) (2) Maverick China Research (2008) Wirecard Media Contact: Wirecard PR & IR Office Iris Stöckl Bretonischer Ring 4 D-85630 Grasbrunn / Munich Germany Ph.: +49(0)89-4424-0424 Fax: +49(0)89-4424-0524 e-mail: iris.stoeckl@wirecard.com Internet: http://www.wirecard.de IPS Media Contact: IPS Marketing Department Jason Zhuo 10F, No. 895 Yan-an West Rd., Shanghai China(P.C.: 200050) Ph.: +86(021)62263829-3367 Fax: +86(021)32120541 e-mail: media@ips.com.cn Internet: http://www.ips.com.cn

Wirecard AG

Wirecard Media Contact: Wirecard PR & IR Office, Iris Stöckl, Bretonischer Ring 4, D-85630 Grasbrunn / Munich, Germany, Ph.: +49(0)89-4424-0424, Fax: +49(0)89-4424-0524, e-mail: iris.stoeckl@wirecard.com; IPS Media Contact:, IPS Marketing Department, Jason Zhuo, 10F, No. 895, Yan-an West Rd., Shanghai, China(P.C.: 200050), Ph.: +86(021)62263829-3367, Fax: +86(021)32120541, e-mail: media@ips.com.cn

Gerard Perrier Industrie - CHIFFRE D'AFFAIRES Très belle progression au 1er Semestre 2008 : + 19% Relèvement des objectifs 2008

PARIS, August 14 /PRNewswire/ --

Milliers d'euros Pôle Installation Pôle Fabrication Maintenance d'Equipements 2008 2007 2008 2007 1er Trimestre 9,254 9,065 7,934 7,024 2ème Trimestre 10,167 9,795 9,356 6,669 1er Semestre 19,421 18,860 17,290 13,693 + 3,0% + 26,3% (CHIFFRE D'AFFAIRES CONTINUE) Milliers d'euros Pôle Energie T O T A L 2008 2007 2008 2007 2008/2007 1er Trimestre 3,046 1,834 20,234 17,923 +13,0% 2ème Trimestre 3,558 2,007 23,081 18,471 + 25,0% 1er Semestre 6,604 3,841 43,315 36,394 + 19,0% + 71,9%

PARIS, August 14 /PRNewswire/ --

Le chiffre d'affaires du premier semestre 2008 du groupe GERARD PERRIER INDUSTRIE,spécialisé dans les automatismes et les équipements électriques destinés à l'industrie, a progressé fortement, de 19%, par rapport à la même période de l'exercice précédent.

Par branche d'activité, l'évolution est la suivante :

- Le pôle Installation/maintenance qui représente 45% du CA total, connaît une progression de 3 % ; l'activité du 1er semestre a été soutenue et devrait se poursuivre au même rythme au cours du deuxième semestre, - Le pôle Fabrication d'équipements électriques et électroniques qui représente 40 % du CA total, est en forte augmentation de 26,3 % ; il incorpore pour la première fois le chiffre d'affaires de la nouvelle activité SEIREL qui a atteint 1,5 M EUR sur le semestre ; ce rythme de croissance pourrait être maintenu sur l'ensemble de l'année, - le pôle Energie, 15 % de l'activité totale, qui englobe les prestations de services destinées au secteur de l'énergie et notamment du nucléaire, a réalisé sur 6 mois un CA de 6,6 M EUR, en progression de 71,9 % ; il englobe pour la première fois le chiffre d'affaires de la nouvelle activité MADITECH qui a atteint 1,75 M EUR sur le semestre ; la direction escompte un chiffre d'affaires de 14 M EUR sur l'ensemble de l'année.

Hors acquisitions 2007 (MADITECH, SEIREL) qui ont apporté une contribution de 3,25 M EUR de chiffre d'affaires sur le semestre, la croissance organique s'est élevée à 10%.

Sur l'ensemble de l'année 2008, la Direction relève son objectif de chiffre d'affaires pour le porter à 90 M EUR, contre 88 M EUR précédemment.

Eurolist Compartiment C - FR 0000061459 Société Anonyme au capital de 1 986 574 Euros Siège social : 20, rue Lionel Terray 349 315 143 R.C.S. Lyon - APE 741 J Exercice social du 1er janvier au 31 décembre

Contact : Monsieur Grégoire Cacciapuoti +33(0)4-72-47-80-52 E-mail : gcacciapuoti@gerard-perrier.com

Gerard Perrier Industrie

Contact : Monsieur Grégoire Cacciapuoti +33(0)4-72-47-80-52, E-mail : gcacciapuoti@gerard-perrier.com

Global Sources reports second quarter results

Revenue of $63.7 million, up 21% compared to second quarter 2007 Online revenue growth continues to accelerate, increasing 30% compared to second quarter 2007 Second quarter GAAP EPS of $0.18 and non-GAAP EPS of $0.21

Online revenue expected to exceed 50% of total revenue in second half 2008 and

to grow more than 40% compared to second half 2007

NEW YORK, Aug. 14 /Xinhua-PRNewswire-FirstCall/ -- Global Sources Ltd. ( http://www.globalsources.com/ ) reported financial results for the second quarter and six months ended June 30, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )

Global Sources' chairman and CEO, Merle A. Hinrichs, said: "We had a very successful second quarter. Our 21% revenue growth was driven by accelerating online revenue growth of 30% overall, and 40% from mainland China.

"The great majority of this growth is due to the success of Global Sources Online 2.0 and its industry leading supplier verification services. The success of the site has been supported by the repackaging and re-pricing of our services along with investments in IT, content development, marketing and increased sales representation. With the expectation of a continuing acceleration of online revenue growth for the second half, we are experiencing a promising return on these investments and plan to continue investing."

Financial Highlights: Second Quarter 2008 Compared to Second Quarter 2007 -- Revenue was $63.7 million, up 21% from $52.5 million. * Online revenue was $24.1 million, up 30% from $18.5 million. * Exhibitions revenue was $25.3 million, up 21% from $20.9 million. * Print revenue was $12.8 million, up 6% from $12.0 million. * Revenue from mainland China was $42.0 million, up 29% from $32.6 million. -- Second quarter 2008 net income was $8.4 million, or $0.18 per diluted share, which included $1.5 million, or $0.03 per share of non-cash, stock-based compensation expense (SBC) based on a stock price of $15.18 on June 30, 2008. For the second quarter of 2007, GAAP net income was $4.2 million, or $0.09 per diluted share, which included $2.8 million of non-cash SBC, and $1.8 million of net impairment charge related to the company's HC International investment or $0.10 per share. -- Non-GAAP net income for the second quarter of 2008 was $9.9 million, compared to $8.8 million for the second quarter of 2007. -- Non-GAAP EPS for the second quarter of 2008 was $0.21, compared to $0.19 for the second quarter of 2007. -- Total deferred income and customer prepayments were $86.8 million as at June 30, 2008, up 19% from $72.9 million as at June 30, 2007. -- Cash, cash equivalents and available-for-sale securities were $220.6 million as at June 30, 2008, up 27% from $173.5 million as at June 30, 2007. Global Sources' Non-GAAP Metrics

Management believes non-GAAP metrics are useful measures of operations and provides GAAP to non-GAAP reconciliation tables at the end of this press release. Global Sources defines non-GAAP net income as net income excluding non-cash, stock-based compensation (SBC) expense or credit, gains or losses on acquisitions and investments, and/or impairment charges, for all historical and future references to non-GAAP metrics. Non-GAAP EPS is defined as non- GAAP net income divided by the weighted average of diluted common shares outstanding.

Six-month Period Ended June 30th Financial Highlights: 2008 Compared with 2007

For the six-month period ended June 30, 2008, revenue was $104.3 million, compared to $87.5 million in the six-month period ended June 30, 2007. GAAP net income for the six months ended June 30, 2008 was $16.6 million, or $0.35 per diluted share, compared to $10.7 million, or $0.23 per diluted share for the six-month period ended June 30, 2007. Non-GAAP net income was $16.5 million, or $0.35 per diluted share, compared to $15.9 million, or $0.34 per diluted share for the six-month period ended June 30, 2007.

Global Sources' CFO, Eddie Heng, said: "Our guidance reflects our decision to continue to invest, particularly to support our online initiatives and several new trade shows. Sales representation increased by more than 500 team members in the first half, and we expect continued expansion in the second half. We envision significant changes in the growth trajectories for our lines of business with online revenue expected to continue accelerating, exhibitions to moderate and print to decline. As such, for the second half of 2008 we expect the revenue mix to be approximately 53% online, 25% exhibitions, 20% print, and 2% miscellaneous. ''

Financial Expectations for Third Quarter and Second Half 2008 -- Third Quarter 2008 Ending Sept. 30, 2008: * Guidance for revenue is expected to be between $38.5 million and $39 million, representing growth of 14% to 15% over the third quarter of 2007. Based on the stock price of $14.05 on Aug. 5, 2008, SBC is estimated to be $0.02 per diluted share. * GAAP EPS is expected to be between $0.02 and $0.03, as compared to $0.11 per diluted share in third quarter of 2007. * Non-GAAP EPS is expected to be between $0.04 and $0.05, compared to $0.13 per diluted share in the third quarter of 2007. -- Second Half 2008 Ending Dec. 31, 2008: * Revenue is expected to be in the range of $108 million to $109.5 million. Compared to $94.6 million for the second half of 2007, this represents an increase of 14% to 16%. Using the stock price of $14.05 on Aug. 5, 2008, SBC is estimated to be $0.04 per diluted share. * GAAP EPS is expected to be in the range of $0.23 to $0.25, as compared to $0.28 per diluted share in the second half of 2007. * Non-GAAP EPS is expected to be in the range of $0.27 to $0.29, compared to $0.39 per diluted share for the same period in 2007. Recent Corporate Highlights -- Held the China Sourcing Fairs in Hong Kong, in April, featuring over 6,700 booths. -- Conducted the Second Annual China Sourcing Fairs in Dubai, in June, with 800 booths sold, up by over 60% compared to the 2007 show. -- Hosted complimentary Private Sourcing Events for numerous very large buyers including Best Buy, Circuit City, Markant, Office Depot, RadioShack, Samsung Electronics, Staples, Target, and Woolworths (Australia). -- Achieved record lead generation, which is measured as requests for information (RFIs) from buyers to suppliers through Global Sources Online. There were more than 36 million RFIs during the 12 months ended June 30, 2008, up more than 94% compared to the same period last year. -- Increased Global Sources' independently certified community of active buyers to more than 725,000 at the end of the second quarter, 14% higher than the same time last year. -- Honored by Supply & Demand Chain Executive for "2008 Supply & Demand Chain Executive 100", an award that recognizes companies providing the next wave of innovative supply chain solutions. Conference Call for Global Sources Second Quarter 2008 Earnings

Chairman and CEO, Merle A. Hinrichs, and Eddie Heng, CFO, are scheduled to conduct a conference call at 8:00 a.m. ET on Aug. 14, 2008 (8:00 p.m. on Aug. 14, 2008 in Hong Kong) to review these results in more detail. Investors in the United States may participate in the call by dialing (888) 212-8315, and international participants may dial (1-706) 643-0144. Investors in Hong Kong may call (852) 3011-4522. A live webcast of the conference call is scheduled to be available on Global Sources' corporate site at http://www.investor.globalsources.com/ .

For those who cannot listen to the live broadcast, a webcast replay of the call is scheduled to be available on the company's corporate site for at least 30 days. A telephone replay of the call is also scheduled to be available through Aug. 18, 2008. To listen to the telephone replay, dial (800) 642-1687, or dial (1-706) 645-9291 outside the United States, and enter pass code 55221142#. For those in the Hong Kong area, the replay dial-in number is (852) 3011-4541, and the pass code is 55221142#.

About Global Sources

Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.

The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 725,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.3 million products and more than 196,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.

Suppliers receive more than 36 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.

Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,800 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, as amended and Section 21-E of the Securities Exchange Act of 1934, as amended. The company's actual results could differ materially from those set forth in the forward-looking statements as a result of the risks associated with the company's business, changes in general economic conditions, and changes in the assumptions used in making such forward-looking statements.

-- Tables to Follow -- GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) At At June 30, December 31, 2008 2007 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $214,348 $197,825 Available-for-sale securities 6,292 -- Accounts receivable, net 6,621 6,665 Receivables from sales representatives 11,237 12,303 Inventory 1,145 1,108 Prepaid expenses and other current assets 15,392 15,333 Deferred tax assets 46 46 Total Current Assets 255,081 233,280 Property and equipment, net 37,029 35,352 Long term investments 100 100 Bonds held to maturity, at amortized cost 101 99 Deferred tax assets -- long term 202 196 Other assets 2,141 2,781 Total Assets $294,654 $271,808 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $6,592 $5,577 Deferred income and customers' prepayments 81,363 78,141 Accrued liabilities 11,847 12,546 Income taxes payable 826 694 Total Current Liabilities 100,628 96,958 Deferred income and customers' prepayments -- long term 5,458 4,934 Deferred tax liability 296 283 Total Liabilities 106,382 102,175 Non-controlling interest 5,795 4,940 Shareholders' equity: Common shares, US$0.01 par value; 75,000,000 shares authorized; 46,702,092 (2007: 46,572,092) shares issued and outstanding 467 466 Additional paid in capital 134,768 133,987 Retained earnings 45,454 28,829 Accumulated other comprehensive income 1,788 1,411 Total Shareholders' Equity 182,477 164,693 Total Liabilities and Shareholders' Equity $294,654 $271,808 GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) Three months ended Six months ended June 30, June 30, 2008 2007 2008 2007 (Unaudited)(Unaudited)(Unaudited)(Unaudited) Revenue: Online and other media services (Note 1) $36,884 $30,534 $70,416 $59,579 Exhibitions 25,259 20,883 31,220 25,699 Miscellaneous 1,517 1,128 2,638 2,214 63,660 52,545 104,274 87,492 Operating Expenses: Sales (Note 2) 20,557 17,666 32,873 28,802 Event production 10,074 9,464 11,079 10,077 Community (Note 2) 9,406 7,435 15,449 12,708 General and administrative (Note 2) 12,839 11,492 24,067 21,445 Online services development (Note 2) 1,502 1,300 2,981 2,586 Amortization of software costs 57 40 97 80 Total Operating Expenses 54,435 47,397 86,546 75,698 Income from Operations 9,225 5,148 17,728 11,794 Interest and dividend income 649 1,724 1,946 3,116 Loss on investment, net -- (1,846) -- (1,846) Foreign exchange gains (losses), net (1,039) (190) (1,295) (464) Income before Income Taxes 8,835 4,836 18,379 12,600 Income Tax Expense (188) (338) (421) (557) Net Income before Non-controlling Interest $8,647 $4,498 $17,958 $12,043 Non-controlling interest (227) (308) (1,333) (1,325) Net Income $8,420 $4,190 $16,625 $10,718 Diluted net income per share $0.18 $0.09 $0.35 $0.23 Total shares used in diluted net income per share calculations 47,543,536 47,039,911 47,434,955 46,843,657 Note: 1. Online and other media services consists of: Three months ended Six months ended June 30, June 30, 2008 2007 2008 2007 (Unaudited)(Unaudited)(Unaudited)(Unaudited) Online services $24,104 $18,492 $46,034 $35,762 Print services 12,780 12,042 24,382 23,817 $36,884 $30,534 $70,416 $59,579 Note: 2. Non-cash compensation expenses associated with the several employee equity compensation plans and Directors Purchase Plan included under various categories of expenses are as follows: Three months ended Six months ended June 30, June 30, 2008 2007 2008 2007 (Unaudited)(Unaudited)(Unaudited)(Unaudited) Sales $585 $1,519 $(808) $1,386 Community 165 17 180 102 General administrative 647 1,135 400 1,645 Online services development 77 98 125 160 $1,474 $2,769 $(103) $3,293 GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) Six months ended June 30, 2008 2007 (Unaudited) (Unaudited) Cash flows from operating activities: Net income $16,625 $10,718 Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization 2,611 2,154 Accretion of U.S. Treasury strips zero % coupons (2) (8) Provision for doubtful debts 66 100 Non-cash compensation expense (credit) (103) 3,293 Income attributable to non-controlling shareholder 1,333 1,325 Equipment written off 4 4 Impairment of investment -- 2,301 Exchange rate realignment 35 -- 20,569 19,887 Changes in assets and liabilities: Accounts receivables (22) 821 Receivables from sales representatives 1,071 3,332 Inventory (37) (276) Prepaid expenses and other current assets (23) 445 Long term assets 647 (1,688) Accounts payable 958 (638) Accrued liabilities and liabilities for incentive and bonus plans (751) (848) Deferred income and customer prepayments 3,724 9,051 Tax liability 108 276 Net cash provided by operating activities 26,244 30,362 Cash flows from investing activities: Purchase of property and equipment (3,616) (8,636) Purchase of available-for-sale securities (6,467) -- Proceeds from sale of available-for-sale securities -- 8 Net cash used in investing activities (10,083) (8,628) Cash flows from financing activities: Amount received towards directors purchase plan 886 422 Payment of dividend to non-controlling shareholder by a subsidiary (479) -- Net cash generated from financing activities 407 422 Effect of exchange rate changes on cash equivalents (45) -- Net increase in cash and cash equivalents 16,568 22,156 Cash and cash equivalents, beginning of the period 197,825 135,093 Cash and cash equivalents, end of the period $214,348 $157,249 Supplemental cash flow disclosures: Income tax paid $282 $281 GLOBAL SOURCES LTD. AND SUBSIDIARIES ACTUAL GAAP to NON-GAAP RECONCILIATION (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) Three months ended Six months ended June 30, June 30, 2008 2007 2008 2007 GAAP EPS $0.18 $0.09 $0.35 $0.23 GAAP Net Income $8,420 $4,190 $16,625 $10,718 Non-cash, stock-based compensation expense / (credit) (Note 1) 1,474 2,769 (103) 3,293 Loss on investment, net (Note 2) -- 1,846 -- 1,846 Non-GAAP Net Income $9,894 $8,805 $16,522 $15,857 Non-GAAP diluted net income per share $0.21 $0.19 $0.35 $0.34 Total shares used in non-GAAP diluted net income per share calculations 47,543,536 47,039,911 47,434,955 46,843,657 Notes: (1) Non-cash, stock-based compensation expense / (credit). (2) An impairment charge of approximately $2.3 million on the company's HC International investment, net of $0.5 million received pursuant to indemnification obligations of the vendor under the purchase agreement for HC International investment. GLOBAL SOURCES LTD. AND SUBSIDIARIES GUIDANCE GAAP to NON-GAAP RECONCILIATION (In U.S. Dollars Million, Except Number of Shares and Per Share Data) GUIDANCE ACTUAL Three month Three month ended Sept. 30 ended Sept. 30 2008 2007 Revenue $38.50 to $39.00 $33.8 GAAP EPS $0.02 to $0.03 $0.11 Non-cash, stock-based compensation expenses (Note 1) $0.02 $0.02 $0.02 Gain on sale of HC shares (Note 2) -- -- -- Impairment charge for Blue Bamboo (Note 3) -- -- -- Non-GAAP diluted net income per share $0.04 to $0.05 $0.13 Total shares used in non-GAAP diluted net income per share calculations 47,553,353 47,553,353 47,090,456 GLOBAL SOURCES LTD. AND SUBSIDIARIES CONTINUED GUIDANCE GAAP to NON-GAAP RECONCILIATION (In U.S. Dollars Million, Except Number of Shares and Per Share Data) GUIDANCE ACTUAL Six month Six month ended Dec. 31 ended Dec. 31 2008 2007 Revenue $108.00 to $109.50 $94.6 GAAP EPS $0.23 to $0.25 $0.28 Non-cash, stock-based compensation expenses (Note 1) $0.04 $0.04 $0.09 Gain on sale of HC shares (Note 2) -- -- ($0.05) Impairment charge for Blue Bamboo (Note 3) -- -- $0.07 Non-GAAP diluted net income per share $0.27 to $0.29 $0.39 Total shares used in non-GAAP diluted net income per share calculations 47,494,995 47,494,995 46,986,861 Notes: (1) Non-cash, stock-based compensation expenses. (2) A gain of approximately $2.4 million arising from the sale of the shares of HC International. (3) Impairment charge of approximately $3.1 million recorded by the company on intangible assets and goodwill pertaining to the business acquisition of Blue Bamboo China Ventures.

For financial matrix, please visit: http://xprnnews.xfn.info/GSOL/20080814/HKTH001.pdf

Global Sources Press Contact in Asia: Camellia So Tel: +852-2555-5021 Email: cso@globalsources.com Global Sources Press Contact in U.S.: James W.W. Strachan Tel: +1-480-664-8309 Email: strachan@globalsources.com Global Sources Investor Contact in Asia: Investor Relations Department Tel: +852-2555-4777 Email: investor@globalsources.com Global Sources Investor Contact in U.S.: Kirsten Chapman Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 Email: investor@globalsources.com

Photo: Newscom: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b
PR Newswire Photo Desk, photodesk@prnewswire.com Global Sources

CONTACT: Press contact in Asia: Camellia So of Global Sources,
+852-2555-5021, cso@globalsources.com; Press contact in U.S.: James W.W.
Strachan of Global Sources, +1-480-664-8309, strachan@globalsources.com;
Investor contact in Asia: IR Department of Global Sources, +852-2555-4777,
investor@globalsources.com; Investor contact in U.S., Christiane Pelz or
Kirsten Chapman, both of Lippert-Heilshorn & Associates, Inc., +1-415-433-3777,
investor@globalsources.com, for Global Sources

Web Site: http://www.globalsources.com/
http://www.investor.globalsources.com/
http://xprnnews.xfn.info/GSOL/20080814/HKTH001.pdf

QINO Flagship Portfolio News: JAJAH Inside: Phone Functionality With New Intel Chipset

BAAR, Switzerland, August 14 /PRNewswire/ --

- QINO Flagship Only Possibility to Participate in JAJAH's Growth

Jajah Inc. (http://www.jajah.com), a portfolio company of QINO Flagship AG (Reuters: QINO.BN) and the world's most innovative telecommunications company, has announced a groundbreaking partnership with Intel.

JAJAH has unveiled the world's first telephony application to utilise Intel's Remote Wake technology, which turns the computer into an 'always available' communications hub by waking it up from sleep mode to accept incoming phone calls. The computer has direct access to JAJAH's IP-telephony network, enabling users to easily make and receive high quality, low cost phone calls.

This partnership with Intel, which follows other recent deals that see SIPphone, MailVision and Yahoo!'s over 100 million clients now being served by JAJAH Managed Services, cements JAJAH's position as the IP communications industry standard and will further increase its presence and market penetration.

"We are delighted to enhance our existing telephony services with Intel's innovative hardware-based solutions," said Trevor Healy, JAJAH CEO. "We will continue to collaborate with Intel ... to continue our leadership in the IP telephony market."

JAJAH offers flexible, next-generation telephony solutions for consumers and businesses. Its award-winning services make it easier for people to stay in touch using any device, on any network, anywhere. Leveraging a universal open telecommunications platform, JAJAH allows mobile operators, landline carriers, cable companies, technology companies and other businesses to adopt its voice solutions with minimal investment and time to market.

"With this latest innovation, JAJAH has comprehensively moved the IP telephony game into a new dimension," said Daniel Marty, QINO Flagship Chairman. "JAJAH's ongoing success vindicates our unique investment strategy. Using our Web 2.0 competence and networks, we continue to scout for new opportunities that offer significant equity growth potential and will shortly announce details of our most recent deals."

QINO Flagship AG is the only publicly listed investment vehicle that allows participation in JAJAH.

About QINO Flagship AG

QINO Flagship AG is a Swiss investment company. Its shares are officially quoted on the BX Berne eXchange and are also traded on the OTC markets of the Vienna, Berlin, Frankfurt, Munich and Stuttgart stock exchanges.

Current investments include:

Jajah Inc. (http://www.jajah.com)

Kronomy Inc. (http://www.kronomy.com) creator of the digital collective memory

Pankl Racing Systems AG (http://www.pankl.com) manufacturer of engine and drivetrain components

H&S Software AG (http://www.hs-soft.com) email and file archiving software

Update Software AG (http://www.update.com) CRM software solution provider

QINO Flagship's portfolio is concentrated on a very select number of exciting investments. Resulting returns tend not to correlate with broad market indices and may therefore not be suitable for all investors.

Press Contact: Daniel Marty T: +41-417665333 F: +41-417665334 E: dm@QINO.com I: http://www.qino.com

Qino Flagship AG

Press Contact: Daniel Marty, T: +41-417665333, F: +41-417665334, E: dm@QINO.com, I: http://www.qino.com

CSAM Becomes Wholly Owned CSC SubsidiaryLeading Malaysian IT Provider Joins CSC

FALLS CHURCH, Va., Aug. 13 /PRNewswire-FirstCall/ -- CSC announced today that Computer Systems Advisers (M) Sdn Bhd (CSAM), one of Malaysia's leading information technology (IT) service providers, has become a wholly owned subsidiary of CSC in a privatization resulting from the cancellation of the remaining 50 percent of the company's shares for $62.4 million (RM197.4 million). Established in 1971, CSAM had approximately $135 million (RM433.9 million) in revenue for fiscal year 2007 and has more than 1,200 employees located in 23 offices throughout Malaysia.

"This action reaffirms our commitment to this region and marks a significant step forward in our growth in Malaysia and Asia," said CSC Chairman, President and Chief Executive Officer Michael W. Laphen. "It also strengthens our global footprint -- a key goal of our multi-year strategic plan aimed at increasing growth and profitability and improving customer service."

CSAM operates primarily in Malaysia providing end-to-end integrated IT solutions and services to clients in the country's commercial and government sectors. It was the first IT company in Malaysia to earn the Malaysian ISO 9001 Quality Management and Assurance Standard Award for its entire business operation. In addition, CSAM achieved "Operational Headquarters Status" from the Malaysian Industrial Development Authority earlier this year and will serve as one of CSC's regional headquarters for functions such as service desk support and procurement.

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/.

All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent the Company's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company's control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled "Risk Factors" in CSC's Form 10-K for the fiscal year ended March 28, 2008. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.

CSC

CONTACT: Janet Herin, Sr. Manager, Media Relations, Corporate,
+1-310-615-1693, jherin@csc.com, or Bill Lackey, Director, Investor Relations,
Corporate, +1-310-615-1700, blackey3@csc.com, both of CSC, or Hony Yuen,
Corporate Marketing Manager of Computer Systems Advisers (M) Sdn Bhd,
+ 603 7663 7878, hyuen@csc.com

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

Securus Technologies, Inc. Announces Second Quarter 2008 Operating Results

DALLAS, Aug. 13 /PRNewswire-FirstCall/ -- Securus Technologies, Inc., a leading provider of inmate communications services and innovative offender and case management software design, today announced results for the quarter and six months ended June 30, 2008.

Highlights for Q2 2008: -- EBITDA Growth Q2 2007 to Q2 2008 of 56% -- Levered and Unlevered Cash Flow Growth Q2 to Q2 greater than 100% -- Syscon Sequential Revenue Growth of 77% -- Lawsuits Settled with VAC and GTL -- Lowest Bad Debt Rate for Classic Securus in over 3 Years Securus Technologies, Inc. Consolidated Financial and Operating Data (Dollars in Thousands, Except Per Unit Amounts) For The Six Months Q2 Q1 Q2 Ended June 30, 2008 2008 2007 2008 2007 Total Revenue $99,773 $97,672 $99,164 $197,445 $203,376 Revenue - Direct Provisioning $84,727 $84,898 $87,691 $169,625 $178,837 Revenue - Syscon (1) $7,426 $4,190 $- $11,615 $- EBITDA $10,168 $8,237 $6,534 $18,405 $17,227 Capital Expenditures $4,667 $4,073 $6,516 $8,740 $11,588 EBITDA less Capital Expenditures $5,701 $4,164 $18 $9,665 $5,639 Billed Calls 34,426 35,514 37,008 69,940 76,133 Revenue per Call $2.68 $2.63 $2.68 $2.66 $2.67 Percent Prepaid Revenue - Direct Provisioning 45.4% 45.1% 33.3% 45.2% 33.0% Percent Bad Debt - Non-Syscon 9.6% 10.3% 14.7% 10.0% 14.5% Total Headcount 654 667 702 654 702 Quota Carrying Field Sales Associates 41 43 43 41 43 (1) Syscon Justice Systems, Ltd. was acquired on June 29, 2007.

Richard A. (Rick) Smith, Securus' Chief Executive Officer and President said, "EBITDA, free cash flow, and levered free cash flow all showed significant growth in Q2 versus 2007 -- EBITDA increased 56%, unlevered cash flow was a positive $5.5 M, and if I allocated cash interest for the year to Q2 -- levered cash flow is within $1 M of breaking even -- and that represents significant progress for us. Syscon revenue is up sequentially by double digits, we settled multiple long standing patent infringement lawsuits that will save us several million dollars in outside legal fees on a go forward basis, and we have taken actions that are increasing the quality of our revenue and decreasing bad debt -- all very nice accomplishments for Q2. We have a lot of work to do in terms of growing EBITDA, managing capital expenditures, and growing 'core', or Direct Provisioning and Syscon, revenue streams -- and we are working hard to do that."

Total revenues for the second quarter of 2008 were $99.8 million, an increase of $2.1 million from the first quarter of 2008 and $0.6 million from the second quarter of 2007. The increases were primarily due to strong revenue growth at Syscon, our offender management software subsidiary. Our direct provisioning revenues, which make up over 85% of our total revenue, was flat sequentially but fell $3.0 million from the second quarter of 2007 due to the loss of several large prime contracts in the latter part of 2007 that were not fully made up by new contracts signed and services installed in 2008. Our wholesale revenue, made up of telecom services, solutions services and equipment sales, declined $1.0 million sequentially and $3.9 million from the second quarter of 2007 due primarily to industry consolidation and the larger regional bell operating companies (RBOCs) and interexchange carriers exiting the business.

Cost of service in the second quarter was 73.9% of revenue, compared to 74.9% of revenue in the first quarter of 2008 and 77.8% of revenue in the second quarter of 2007. Driving this improvement was our bad debt levels. Non-Syscon bad debt as a percent of revenue dropped to 9.6% in this quarter which compares favorably to the 10.3% we incurred in Q1 2008 and 14.7% we saw in the second quarter last year. We believe this drop is due primarily to shifting our focus to selling prepaid services vs a post-paid basis. Our prepaid revenue as a percent of our direct provisioning segment increased from 33.3% in the second quarter 2007 to 45.4% in the second quarter this year.

Sales, general and administrative expenses for the second quarter of 2008 were $15.9 million, a reduction of $0.2 million from the first quarter of 2008 and an increase of $1.0 million from the second quarter of 2007. The sequential decline is due primarily to lower professional services fees for both legal and accounting services. The increase from 2007 is due primarily to the addition of Syscon.

EBITDA for the second quarter of 2008 was $10.2 million, an increase of $1.9 million from the first quarter of 2008 and an increase of $3.6 million from the second quarter of 2007. EBITDA is a non-GAAP measure. Below is a schedule reconciling reported GAAP net loss to EBITDA.

Securus Technologies, Inc. Consolidated Net Loss to EBITDA and Adjusted EBITDA Reconciliation (In Thousands) For The Six Months Q2 Q1 Q2 Ended June 30, 2008 2008 2007 2008 2007 Net Loss $(8,533) $(9,947) $(10,669) $(18,479) $(16,045) Interest expense and other, net 9,271 10,185 7,569 19,455 14,787 Income taxes 774 (599) 528 175 894 Depreciation and amortization 8,656 8,598 9,106 17,254 17,591 EBITDA $ 10,168 $8,237 $6,534 $18,405 $17,227

Capital expenditures for the second quarter of 2008 were $4.7 million, an increase of $0.6 million from the first quarter of 2008 and a decrease of $1.8 million from the second quarter of 2007. Capital expenditures typically fluctuate by quarter depending upon timing of equipment purchases. The decline in spending from 2007 was principally due to a reduction in spending from last year's deployment of our packet-based architecture as well as lower signing bonuses paid.

Net loss for the second quarter of 2008 was $8.5 million, an improvement of $1.4 million from the first quarter of 2008 and $2.1 million from the second quarter of 2007. The improvements in net loss were primarily due to lower bad debt incurred.

Cash and restricted cash at June 30, 2008 were $5.9 million, an increase of $2.7 million from March 31, 2008. The increase is primarily due to cash received related to offender management software services provided to Her Majesty's Prison Service in the United Kingdom. As of August 13, 2008 the Company had $18.4 million of availability under its revolving credit facility.

Investor Call

Management is holding an investor conference call on Thursday, August 14, 2008 at 10:00 a.m. (CT) to discuss quarterly results. Investors are invited to participate by calling:

US Dial in: 877-879-6209 International Dial in: 719-325-4759 Passcode: 2525374

Replay Update: A replay of this call will be made available Friday, August 15, 2008 after 2:00 pm (CT) at http://www.securustech.net/press_default.asp.

About Securus Technologies, Inc.

Securus Technologies, Inc. is one of the largest suppliers of inmate communications and information management solutions, serving approximately 2,600 correctional facilities nationwide. A recognized leader in providing comprehensive, innovative technical solutions and responsive customer service, Securus' sole focus is the specialized needs of the corrections and law enforcement communities. Securus is headquartered in Dallas, TX, with regional offices in Bedford, MA; Raleigh, NC; Carrollton and Allen, TX; and Atlanta, GA. For more information please visit the Securus website at http://www.securustech.net/

Syscon Holdings, Ltd., our wholly-owned subsidiary, is a world leader in innovative Offender and Case Management Software design and delivery. Syscon's Elite and Exact systems offer management functionality from booking and legal documentation through trust accounting, commissary, and medical records to the management of parole and other forms of community supervision. Syscon's systems have been implemented in many States and large Counties across North America, in Australia and in England. Syscon solutions help manage more than 300,000 inmates and former inmates every day. For more information about Syscon, please visit http://www.syscon.net/.

Special Note Regarding Forward-Looking Statements

The foregoing release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environment of Securus Technologies, Inc. that may cause the actual results to be materially different from any future results expressed or implied in such forward-looking statements. Securus assumes no obligation to update the information contained in this press release.

SECURUS TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS For the Three and Six Months Ended June 30, 2007 and 2008 (Dollars in thousands) For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, 2007 2008 2007 2008 (unaudited) (unaudited) Revenue: Direct call provisioning $87,691 $84,727 $178,837 $169,625 Solutions services 9,335 6,216 19,934 13,193 Offender management software - 7,426 - 11,615 Telecommunications services 1,999 1,373 4,365 2,796 Equipment sales and other 139 31 240 216 Total revenue 99,164 99,773 203,376 197,445 Cost of service (exclusive of depreciation and amortization shown separately below): Direct call provisioning, exclusive of bad debt expense 58,773 57,958 120,065 115,782 Direct call provisioning bad debt expense 11,158 6,876 21,445 14,239 Solutions services expense 6,222 4,006 13,627 8,459 Offender management software expense - 4,014 - 6,679 Telecommunications services expense 885 846 1,937 1,487 Cost of equipment sold and other 89 19 175 197 Total cost of service 77,127 73,719 157,249 146,843 Selling, general and administrative expense 14,889 15,886 28,286 31,973 Restructuring costs 614 - 614 224 Depreciation and amortization expense 9,106 8,656 17,591 17,254 Total operating costs and expenses 101,736 98,261 203,740 196,294 Operating income (loss) (2,572) 1,512 (364) 1,151 Interest and other expenses, net - (118) - (118) Loss before income taxes 7,569 9,389 14,787 19,573 Income tax expense (benefit) (10,141) (7,759) (15,151) (18,304) Net loss 528 774 894 175 Accrued dividends on redeemable convertible preferred stock - (335) - (683) Net loss available to common stockholders $(10,669) $(8,868) $(16,045) $(18,479) SECURUS TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except share and per share amounts) December 31, June 30, 2007 2008 (Unaudited) ASSETS Cash and cash equivalents $ 2,072 $ 4,305 Restricted cash 1,535 1,560 Accounts receivable, net 50,788 44,798 Prepaid expenses and other current assets 5,437 7,026 Deferred income taxes 3,034 3,032 Total current assets 62,866 60,721 Property and equipment, net 40,797 37,198 Intangibles and other assets, net 119,427 110,845 Goodwill 69,035 68,159 Total assets $ 292,125 $276,923 LIABILITIES, REDEEMABLE, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT Accounts payable $ 28,161 $ 25,120 Due to related party 1,000 3,610 Accrued liabilities 40,188 39,212 Deferred revenue and customer advances 16,674 14,690 Current deferred tax 1,261 1,223 Total current liabilities 87,284 83,855 Deferred income taxes 15,352 14,809 Due to related party 3,510 - Long-term debt 263,276 274,669 Other long-term liabilities 1,593 1,704 Total liabilities 371,015 375,037 Commitments and contingencies Series A redeemable convertible preferred stock, $2,000 stated value, total redemption value $10,200 and $10,851 at December 31, 2007 and June 30, 2008; 5,100 shares authorized and outstanding at December 31, 2007 and June 30, 2008 9,971 10,653 Stockholders' deficit: Common stock, $0.001 par value, 1,290,000 shares authorized; 677 and 69,165 shares issued and outstanding at December 31, 2007 and June 30, 2008 7 7 Additional paid-in capital 35,620 34,955 Accumulated other comprehensive income 1,935 1,173 Accumulated deficit (126,423) (144,902) Total stockholders' deficit (88,861) (108,767) Total liabilities, redeemable, convertible preferred stock and stockholders' deficit $ 292,125 $276,923 SECURUS TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2007 and 2008 (Dollars in thousands) June 30, June 30, 2007 2008 (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (16,045) $ (18,479) Adjustment to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 17,591 17,254 Amortization of fair value of contracts acquired - 1,829 Deferred income taxes 713 (294) Non-cash interest expense 5,500 6,063 Equity loss from unconsolidated affiliate 102 - Stock-based compensation 39 18 Amortization of deferred financing costs and debt discounts 847 1,623 Changes in operating assets and liabilities: Restricted cash (37) (25) Accounts receivable 1,205 5,906 Prepaid expenses and other current assets 1,179 (1,627) Intangible and other assets (653) (64) Accounts payable (4,822) (6,256) Accrued liabilities and other liabilities 1,380 (2,729) Net cash provided by operating activities $6,999 $3,219 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment including costs of intangibles $ (11,588) $ (8,740) Cash consideration paid for acquired business (43,671) - Property insurance proceeds 88 - Net cash used in investing activities $ (55,171) $ (8,740) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of second-priority senior secured notes $ 39,060 $ - Advances on revolving credit facility, net 12,533 4,893 Cash overdraft 868 3,233 Debt issuance costs (4,920) - Advance from or (payment to) related party 5,000 (900) Net cash provided by financing activities $ 52,541 $ 7,226 Effect of exchange rates on cash and cash equivalents - 528 Increase in cash and cash equivalents $ 4,369 $ 2,233 Cash and cash equivalents at the beginning of the period 558 2,072 Cash and cash equivalents at the end of the period $ 4,927 $ 4,305 SUPPLEMENTAL DISCLOSURES: Cash paid during period for: Interest $ 8,772 $ 11,019 Income taxes $ 164 $ 780 Non-cash consent fee $ 400 $ -

Securus Technologies, Inc.

CONTACT: Investor Relations, William D. Markert, Chief Financial Officer
of Securus Technologies, Inc., +1-972-277-0690

Web site: http://www.securustech.net/
http://www.syscon.net/

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