SVB Financial Group Opens Venture Lending Operation in India

SANTA CLARA, Calif. and MUMBAI, India, Aug. 18 /PRNewswire-FirstCall/ -- SVB Financial Group , the parent company of Silicon Valley Bank and financial partner to venture capital-backed technology companies worldwide, announced the opening of a non-bank venture lending operation in India today. Through SVB India Finance Pvt. Ltd. the company now provides debt capital to domestic, venture-backed, early and mid-stage, high growth companies in India.

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"Lending to venture-backed, fast growing companies is what we do best," said Ken Wilcox, president and CEO of SVB Financial Group. "We've been successful in this business for 25 years and our global strategy is extending our expertise to help entrepreneurs succeed worldwide."

As part of its global initiative, SVB opened offices in Bangalore in 2004 and Mumbai in 2007 after years of relationship development in India. The new venture lending operation complements SVB's India-focused co-investment fund, SVB India Capital Partners, and its cross-border consulting arm, SVB India Advisors Pvt. Ltd.

"The entrepreneurial environment in India is vibrant," said Ash Lilani, president, India and China, SVB Financial Group. "Entrepreneurs with high quality ideas are abundant and the number of venture capital firms focused on domestic Indian companies has grown remarkably. This combination has created a need for a lender that understands emerging and high growth companies. We are excited about the opportunity and have brought together an experienced team."

Managing Director Ajay Hattangdi, who is a banking and venture lending veteran in India, will manage lending operations for SVB India Finance and Ash Lilani will serve as the firm's CEO. Hattangdi joined SVB from Citigroup where he founded and managed its venture debt operation in India and led investments in several early and growth-stage, venture-backed technology and life science companies. Hattangdi was also the head of strategy for Citigroup's corporate and investment bank in India.

In addition to its work in the U.S. and India, SVB Financial Group serves dynamic companies of all sizes in China, Israel and the UK through its local operations. More information about SVB's global activity can be found at http://www.svb.com/svbglobal.

SVB India Finance Pvt. Ltd. is a wholly-owned subsidiary of SVB Financial Group. It is licensed by the Reserve Bank of India as a non-bank financial company and will lend growth capital to domestic Indian, venture capital- and private equity-backed companies.

About SVB Financial Group

For 25 years, SVB Financial Group and its subsidiaries, including Silicon Valley Bank, have been dedicated to helping entrepreneurs succeed. SVB Financial Group is a financial holding company that serves clients in the technology, life science, private equity and premium wine industries. Offering diversified financial services through Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services, SVB Financial Group provides clients with commercial, investment, international and private banking services. Through its affiliated companies, SVB also offers funds management, broker-dealer transactions, asset management and a full range of services for private equity companies, as well as the added value of its knowledge and networks worldwide. Headquartered in Santa Clara, Calif., SVB Financial Group operates through 27 offices in the U.S. and five internationally. More information on the company can be found at http://www.svb.com/.

SVB India Finance Private Limited is a non-banking financial company registered with, and regulated by, the Reserve Bank of India under Section 45-IA of the Reserve Bank of India Act, 1934. It is not authorized to, and does not, accept public deposits.

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PRN Photo Desk, photodesk@prnewswire.com SVB Financial Group

CONTACT: Carrie Merritt of SVB Financial Group, +1-503-574-3705,
cmerritt@svb.com

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

Newpoint Technologies Announces Richard Fullerton Joins Sales and Marketing Team

SALEM, N.H., Aug. 18 /PRNewswire/ -- Newpoint Technologies, Inc., a wholly-owned subsidiary of Integral Systems, Inc. , and a recognized leader in Network Management and Remote Site Monitoring solutions, is pleased to welcome Richard Fullerton to our sales and marketing team as our Director of Business Development - Europe. Richard brings with him over a decade of experience in network engineering. He has successfully integrated, managed and sold projects in Europe, Asia, Africa, Australia, and Latin America. "Richard's exceptional international customer relationships will add an important facet to the Newpoint team as we continue to expand in the global marketplace and refocus our efforts in Europe," said Newpoint President Wally Martland. "He is a seasoned, well respected industry professional with a great deal of network management experience to share."

Richard's most recent experience was with Datapath Inc., formerly Industrial Logic Controls (ILC) as the International Accounts Executive responsible for global install base sales and driving new business in Latin America. He also has extensive industry experience as a project manager, systems/consulting engineer, and training manager. His primary focus will be on identifying new business opportunities and creating partner relationships in Europe. Richard will be attending the IBC2008 show in Amsterdam from September 12-17 in Newpoint's booth 1:A01 and will be showing the new Compass Inventory and Service Management Modules.

For more information regarding Newpoint's Network Management Systems, please visit http://www.newpointtech.com/.

About Newpoint Technologies

Newpoint Technologies, Inc., a subsidiary of Integral Systems, Inc., is an industry leader in Satellite and Terrestrial Network Management Systems for control of data, Internet, broadcast, telecom, and hybrid networks. Newpoint has also been the industry's dominant supplier of software and hardware for remote site management products. Newpoint's principal customers are commercial satellite operators, telecommunications companies, broadcasters, and broadband service providers. Newpoint delivers a range of services, from out-of-the-box software to complete turnkey solutions that manage large enterprise-level infrastructure systems.

About Integral Systems

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

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

Newpoint Technologies, Inc.

CONTACT: Wally Martland, President of Newpoint Technologies, Inc.,
+1-603-898-1110, sales@newpointtech.com; Shany Seawright of Strategic
Communications Group, +1-240-485-1081, sseawright@gotostrategic.com, for
Newpoint Technologies, Inc.

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

NeoMagic(R) Corporation Announces Appointment of David Tomasello to Its Board of Directors

SANTA CLARA, Calif., Aug. 18 /PRNewswire-FirstCall/ -- NeoMagic Corporation , a pioneer in developing mobile multimedia solutions, today announced the appointment of David Tomasello to its Board of Directors, effective as of August 15, 2008.

Mr. Tomasello has been the managing partner of Attiva Capital, an independent investment firm, since October 2006; and, a director of Bluestone Financial, an independent investment firm, since February 2008. He has been a member of the board of directors of WorldGate Communications, Inc., a leading provider of personal video phones and related technology, since May 2007. Mr. Tomasello has also been a member of the board of directors and the audit committee of Corimon S.A.C.A., a diversified manufacturer and distributor of packaging materials, chemicals and paint in Venezuela, since 2005. In addition, Mr. Tomasello has been a member of the board of directors of Fininvest S.A., a Venezuelan commercial and residential real estate developer, since 2003. He is a graduate of Boston University with a BS/BA degree in finance.

"We are delighted to have David join our board of directors," said Douglas R. Young, President and CEO of NeoMagic Corporation. "He has significant business relationships in the Americas and Europe and has been very active in fund-raising activities as well as assisting in growing the market share of the companies with which he has been involved. His contribution will be key to NeoMagic and we welcome him to the board."

The Tomasello group (consisting of Mr. Antonio Tomasello, David Tomasello's father, and Bluestone Financial LTD) is currently a major shareholder of NeoMagic's common stock, beneficially owning approximately 5.4% of the outstanding shares. David Tomasello has the authority to vote or direct the vote of such shares.

About NeoMagic

NeoMagic Corporation delivers semiconductor chips and software that enable new multimedia features for handheld devices. These solutions offer low power consumption, small form-factor and high performance processing. The Company demonstrated one of the first solutions used for H.264 video decoding in a mobile digital TV phone, and is developing and delivering solutions for audio/video processing of the dominant mobile digital TV standards, including CMMB, ISDB-T, T-DMB and DVB-H. For its complete system solution, NeoMagic delivers a suite of middleware and sample applications for imaging, video and audio functionality, and provides multiple operating system ports with customized drivers for the MiMagic product family. NeoMagic has a strong patent portfolio that covers NeoMagic's proprietary array processing and other technology. Information on the Company may be found at http://www.neomagic.com/.

NeoMagic and the NeoMagic circle logo are registered trademarks, and MiMagic and NeoMobileTV are trademarks of NeoMagic Corporation. All other trademarks are the property of their respective owners. NeoMagic disclaims any proprietary interest in the marks and names of others.

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PRN Photo Desk, photodesk@prnewswire.com NeoMagic Corporation

CONTACT: Steve Berry, Chief Financial Officer of NeoMagic Corporation,
+1-408-988-7020

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

Xilinx Extends Spartan-3A FPGA Family, Enables Lower Total System Costs for High-Volume, Cost-Sensitive ApplicationsIndustry-leading Product Line Delivers 50% Lower System Cost with New Small Form Factor FPGAs for High-Volume Applications

SAN JOSE, Calif., Aug. 18 /PRNewswire/ -- Xilinx(R), Inc. today announced the production availability of small form-factor packages for its Extended Spartan(R)-3A family of FPGAs, delivering breakthrough price points and enabling the reduction of total system costs for building cost-sensitive applications targeting consumer, wired and wireless communications, networking, industrial and many other markets. In addition to the new package options, the Extended Spartan-3A family provides a broad range of densities (from 50,000 to 3.4 million system gates), and power management features to enable designers to drive down system costs by minimizing board components and providing low-cost complex computation and embedded processing capabilities.

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The Extended Spartan-3A family combines new small form factor device packaging and the proven low-cost, high functionality of the Spartan-3A, Spartan-3A DSP and Spartan-3AN platforms into a single, high-volume FPGA family. With support for the industry's widest range of I/O standards (26) and extensive power saving and anti-cloning security features, Xilinx Spartan series is the world's most widely adopted low-cost FPGAs with over $2.52 billion in cumulative revenue (as of Q1 FY09).

"By providing a fully integrated system platform, the Extended Spartan-3A Family delivers lower component counts, less expensive printed circuit boards, higher reliability, reduced testing costs and higher yields to customers in cost sensitive applications," said Patrick Dorsey, senior Director of Marketing for high volume and low cost products at Xilinx. "To meet their challenging cost goals, customers in high volume markets such as consumer have asked us for platforms that enable fast time to market with low cost capabilities and Xilinx has delivered."

Delivering Lower System Cost

Xilinx Extended Spartan-3A FPGA solutions reduce overall system cost by up to 50 percent as compared to competitive low-cost FPGAs. This is a compelling advantage for system designers enabled by the integration of many system features to minimize the need for external components, lower static power consumption, and a robust low-cost security system. Xilinx Spartan-3A devices are also the only low cost SRAM FPGAs with built-in power management and minimal power rail support required (only two). The dual power management modes provide instant power savings and eliminate the need for external components such as regulators, heat sinks, buffers, etc. The suspend mode enables up to 40 percent static power savings, as well as quick wake up time and system-level synchronization, while the hibernate mode uses the lowest possible quiescent power (virtually 0micronA) with its unique ability to completely power off.

Cost-Efficient Logic Design

The Extended Spartan-3A family is the only FPGA family to support a fully compatible path between SRAM and non-volatile FPGAs, offering a compatible path to a non-volatile single-chip solution. These devices offer the world's largest low cost FPGA user Flash memory, as well as the broadest support for low-cost commodity flash configuration. Moreover, the family provides a broad offering of device package combinations, the most comprehensive intellectual property (IP) library (2x the nearest competitor), and a selection of Xilinx and third-party development boards and kits starting as low as $39. Designers can spend less time and money developing their own IP, while leveraging pre-verified IP that requires fewer chip resources.

Low-cost Complex Computation and Embedded Processing

The Extended Spartan-3A family delivers the highest functionality of any major low cost FPGA. It is the only major low cost solution with dedicated DSP blocks, delivering an average of 70 percent logic efficiency over a gates-plus-multipliers implementation and functionality that enables ASIC-equivalent performance without requiring an additional co-processor chip. The Extended Spartan-3A family provides full Linux embedded processing support with the Xilinx MicroBlaze(TM) processor.

Pricing and Availability

The Extended Spartan-3A FPGA family with new package options is in production and available now. Prices start at under US$1.00 for the slowest speed grade XC3S50A device in a VQ100 at 500,000 unit volumes in the second half of 2009. For more information, please visit http://www.xilinx.com/spartan

About Xilinx

Xilinx is the worldwide leader in complete programmable system solutions. For more information, visit http://www.xilinx.com/.

XILINX, the Xilinx Logo, Spartan and other designated brands included herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners.

#0868 Editorial Contacts: Lisa Washington Xilinx, Inc. 408-626-6272 lisa.washington@xilinx.com

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PRN Photo Desk photodesk@prnewswire.com Xilinx, Inc.

CONTACT: Lisa Washington of Xilinx, Inc., +1-408-626-6272,
lisa.washington@xilinx.com

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

Turkcell to Bring iPhone 3G to Customers in Turkey

ISTANBUL, August 18 /PRNewswire-FirstCall/ -- Turkcell, the leading provider of mobile communications services in Turkey, today announced it will bring iPhone 3G to its prepaid and post-paid customers in Turkey later this year.

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

"We're very excited to be working with Apple to bring the iPhone 3G to Turkey," said, Lale Saral Develioglu, Turkcell's chief marketing officer. "iPhone 3G represents the ultimate in mobile device technologies, and we can't wait to offer this innovative product to millions of mobile customers later this year."

Further information on pricing and tariff plans will provided at a available later date. Customers interested in receiving more information may register at http://www.turkcell.com.tr/

*Based on 3G and EDGE testing. Actual speeds vary by site conditions. http://www.turkcell.com.tr/ About Turkcell

Turkcell is the leading GSM operator in Turkey with 35.4 million postpaid and prepaid customers as of June 30, 2008 operating in a three player market with a market share of approximately 56% as of March 31, 2008 (Source: The Telecommunications Authority). In addition to high-quality wireless telephone services, Turkcell currently offers General Packet Radio Service ("GPRS") countrywide and Enhanced Data Rates for GSM Evolution ("EDGE") in dense areas, which provide for both improved data and voice services. Turkcell provides roaming with 587 operators in 200 countries as of July 10, 2008. Serving a large subscriber base in Turkey with its high-quality wireless telephone network, Turkcell reported US$3.3 billion net revenues for the six months as of June 30, 2008 and US$6.3 billion net revenues as of December 31, 2007 as per IFRS financial statements. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova, Northern Cyprus and Ukraine. Turkcell has been listed on the NYSE ("New York Stock Exchange") and the ISE ("Istanbul Stock Exchange") since July 2000 and is the only NYSE listed company in Turkey. 51.00% of Turkcell's share capital is held by Turkcell Holding, 0.05% by Cukurova Group, 13.07% by Sonera Holding, 2.32% by M.V. Group and 0.08% by others while the remaining 33.48% is free float.

Turkcell

CONTACT: For further information: Defne Bali, Corporate Communications,
Tel: +90-212-313-2320, Email: defne.bali@turkcell.com.tr

Solomon Reports Improved Second Quarter Results

DANBURY, Conn., Aug. 18 /PRNewswire-FirstCall/ -- Solomon Technologies, Inc. (BULLETIN BOARD: SOLM) , a developer and manufacturer of high-efficiency regenerative electric power drive systems and high-voltage, high-power direct current power systems for markets requiring high levels of reliability and ruggedness, today announced its 2008 second quarter operating results for the period ended June 30, 2008.

Revenue for the quarter ended June 30, 2008 was $2,554,642, an increase of 56% compared with the quarter ended June 30, 2007. The increase in revenue is primarily attributable to sales from the Solomon's Power Electronics Division. Gross profit for the period was $848,628 compared with the year earlier period of $801,755. The Company reported a net loss for the three months ended June 30, 2008 of $1,913,089, a 45% reduction from its net loss of $3,461,883 for the three months ended June 30, 2007. Selling, general and administrative expenses were $1,112,934 for the period as compared to $1,294,800 for the year earlier period. This decrease was primarily due to various corporate overhead and staffing reductions. Research and Development costs were $306,160 for the period as compared to $305,462 for the year ago period. Interest expense declined to $1,342,466 for the quarter from $2,682,060 for the year ago quarter, a decrease of $1,339,594 primarily due to a decrease in accrued cash and non-cash interest charges related to the variable rate self-liquidating senior secured convertible debentures sold in January and August of 2007.

The cash loss for the period was $117,801, compared to a cash loss of $826,224 for the year ago period, a decrease of $708,423 or 85%.

Peter DeVecchis, President of Solomon commented, "We continue to make strides towards achieving our goal of becoming cash flow breakeven in the next few quarters. Although our loss decreased significantly in the second quarter from a year ago, our cash loss for the period was substantially less than the net loss for the period. We are completing our consolidation of the Deltron acquisition into the Power Electronics Division while simultaneously strengthening our product offerings and engineering depth, identifying new market opportunities for our products and technologies and expanding our horizons in the renewable energy and alternative power market segments. We have a number of exciting opportunities before us related to our current growth strategies and we are confident the benefits will produce substantial benefits to our stockholders. I remain confident that revenue levels will continue to equal or exceed those of previous quarters. We look forward to meeting our goals and objectives for 2008 and beyond."

Information about Solomon Technologies, Inc.:

Solomon Technologies, Inc., through its Power Electronics and Motive Power divisions, develops, licenses, manufactures and sells direct current power supplies and power supply systems requiring high levels of reliability and ruggedness for defense, aerospace, marine, commercial and industrial applications as well as precision hybrid and regenerative electric power drive systems, including those utilizing its patented Electric Wheel(R) Electric Transaxle(TM) for automotive, hybrid electric and all electric vehicle applications.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding Solomon Technologies, Inc. in this release that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes," or "plans," or comparable terminology, are forward- looking statements based on current expectations about future events, which management has derived from the information currently available to it. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Important factors known to management that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in the Company's filings with the Securities and Exchange Commission. The forward- looking statements contained in this release speak only as of the date hereof, and the Company undertakes no obligation to correct or update any forward- looking statements, whether as a result of new information, future events or otherwise.

Contact: Solomon Technologies, Inc. Peter DeVecchis, 727-859-4447 http://www.solomontechnologies.com/ or Crescent Communications David Long, 203-226-5527

Solomon Technologies, Inc.

CONTACT: Peter DeVecchis of Solomon Technologies, Inc., +1-727-859-4447,
or David Long of Crescent Communications, +1-203-226-5527

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

Cimatron's Q2/2008 Results Release Scheduled for August 27th, After Markets CloseConference Call Scheduled for August 28th, 2008 at 9:00 EST

GIVAT SHMUEL, Israel, August 18 /PRNewswire-FirstCall/ -- Cimatron Limited , a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, announced today that it will be releasing its Q2/2008 financial results on Wednesday, August 27th, 2008, after the US markets close.

Cimatron's management will host a conference call on Thursday 28th, at 9:00 EST, 16:00 Israel time. On the call, management will review and discuss the results, and will answer questions by investors.

To participate, please call one of the following teleconferencing numbers. Please begin placing your call at least 5 minutes before the conference call commences.

USA: +1-888-668-9141 Israel: 03-9180610 International: +972-3-9180610

For those unable to listen to the live call, a replay of the call will be available from the day after the call under the investor relations section of Cimatron's website, at: http://www.cimatron.com/

About Cimatron

With over 25 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time.

The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrodes design, 2.5 to 5 axes milling, wire EDM, turn, Mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.

Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company web site at: http://www.cimatron.com/.

Safe Harbor Statement

This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act Of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the company's plans, objectives and expected financial and operating results. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the company's ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchanges Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

Contact: Ilan Erez, Chief Financial Officer Yael Nevat, Cimatron Ltd. Commitment-IR.com Tel: +972-3-531-2121 Tel: +972-9-714 8866, +972-50-762-6215 Email: ilane@cimatron.com E-mail: yael@commitment-IR.com

Cimatron Ltd

CONTACT: Contact: Ilan Erez, Chief Financial Officer, Cimatron Ltd.
Tel: +972-3-531-2121, Email: ilane@cimatron.com; Yael Nevat,
Commitment-IR.com, Tel: +972-9-714 8866, +972-50-762-6215, E-mail:
yael@commitment-IR.com

Veteran High-Tech Executive Appointed COO of Absolute SoftwareCarter McCrary takes on Absolute's go-to-market operations

VANCOUVER, Aug. 18 /PRNewswire-FirstCall/ -- Absolute(R) Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions announced the appointment of 11-year Dell veteran Carter McCrary as Chief Operating Officer of Absolute. McCrary brings more than 20 years of experience in sales, marketing and operations and will be tasked with driving operational strategy, structure and effectiveness across Absolute's global sales, marketing, operations and business development organizations.

"Carter joined us earlier this year as Senior Vice President, Strategy and his strategic contributions, particularly to our organizational structure and business processes, helped lay the foundation for well-managed growth at Absolute," said John Livingston, Chairman and CEO of Absolute Software. "In recent months, Carter has built a scalable go-to-market team, helped further our partnerships with the PC OEMs and other ISVs, and overseen the creation of Absolute's US office in Austin, Texas. Carter brings deep, first-hand experience in the management of large high-tech organizations to our senior management team and I look forward to his continued contributions as Chief Operating Officer."

Prior to joining Absolute, McCrary served as Area Vice President and General Manager - Americas Transactional Group with computer manufacturer Dell, Inc. In this role, he led a sales, marketing and operations team of 1,200 Dell employees across seven sites in five countries. Before Dell, he served as president of Digital Axis - a large Value Added Reseller of computer products and consulting services.

According to McCrary, "To say that Absolute is an exciting company is an understatement. With strong double digit growth, truly unique products and privileged relationships with the biggest names in the computing industry, Absolute is very well positioned to capitalize on a market that it created and now dominates. I look forward to the challenges of international expansion and managing the rapid growth of the business."

For more information on Absolute Software and its range of Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions, please visit http://www.absolute.com/ or http://www.lojackforlaptops.com/.

About Absolute Software

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

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

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

Absolute Software Corporation

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

Somerston Hotels Selects Trintech's ReconNET to Reduce Operational Risk and Support Future Growth

LONDON and DUBLIN, Ireland, August 18 /PRNewswire/ --

- ReconNET for Accounting and Treasury Lifecycle Management to Help UK Hospitality Company to Improve Transaction Reconciliation and Exception Management

Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Somerston Hotels Ltd has selected ReconNET to improve reconciliation and exception management processes while increasing operational efficiencies.

Somerston Hotels owns and operates 32 hotels throughout the United Kingdom under two international brands, Express by Holiday Inn and Ramada Encore. With 31 Express by Holiday Inn hotels, Somerston Hotels is the largest franchisee of the brand in the United Kingdom.

"We're growing at a rapid pace, and our existing reconciliation methodology is no longer efficient in terms of time, labor, and control," said Janet Towers, Finance Director, Somerston Hotels. "With the aim and potential to double in size in the next few years, we wanted a scalable solution that will grow with us, as well as one that will streamline daily reconciliations, speed the identification of exceptions, increase resolution efficiencies, reduce operational costs, and help us improve reporting and gain greater financial controls."

The flexibility of the ReconNET solution is ideally suited to meet a wide range of financial reconciliation process requirements, and the scalability of the system will give Somerston the ability to grow without the need to add the significant cost of additional personnel to manage processes underpinned by ReconNET. ReconNET's non-invasive integration with ERP solutions will enable Somerston to leverage their investment in their new ERP system to improve sales data availability.

"We look forward to working closely with Somerston Hotels, helping them to improve reconciliation processes across their enterprise. Our solutions are enabling highly-efficient financial processes for many leading hospitality and lodging chains in the UK market," said Tony Bethell, VP EMEA for Trintech. "We're committed to helping our clients ensure the accuracy and integrity of their financial data, while supporting their plans for aggressive growth."

About Somerston Hotels

Somerston Hotels owns and operates 32 hotels with a total of 3,795 rooms throughout the United Kingdom. Somerston Hotels' business strategy is to grow the company through acquisition and development. In 2005, the business, through major acquisitions, grew from 15 hotels to 31. In 2006, Somerston Hotels made an additional acquisition and expanded existing hotels in key locations across the country. Somerston Hotels now offers convenient and value-priced accommodations throughout Scotland, England, and Wales. For more information, please visit http://www.somerstonhotels.co.uk.

About Trintech Group

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

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

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

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

Trintech - 15851 Dallas Parkway, Suite 900 - Addison, TX 75001 - Tel +1-972-701-9802

Trintech UK Ltd. - Warnford Court, 29 Throgmorton St. - London EC2N2AT, UK - Tel +44-020-7628 5235

Trintech Technologies - Block C, Central Park - Leopardstown, Dublin 18, Ireland - Tel +353-1-293-9840

Trintech - Cypresbaan 9 - 2908 LT Capelle a/d Ijssel, The Netherlands - Tel +31-010-8507-474

Trintech Press Contact: Dallas: Donna Martinez, Marketing Communications Manager, Trintech Tel. +1-972-739-1611. email: donna.martinez@trintech.com Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Tony Bethell http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=70963 Web site: http://www.trintech.com http://www.somerstonhotels.co.uk

Trintech Group Plc

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

Wireless to Go Opens New Store in ManhattanOne-Stop Shopping for Verizon Wireless Products and Services

ORANGEBURG, N.Y., Aug. 18 /PRNewswire/ -- Verizon Wireless, the leading wireless company with the most reliable voice and data network, today announced the opening of a new authorized retail outlet in Manhattan to make shopping for the company's wireless voice and data products more convenient for local residents and businesses. Wireless to Go, located at 107 West 86th Street, now offers a wide variety of wireless phones, accessories and service from Verizon Wireless.

Wireless to Go, owned by Al Haber, has served as a Verizon Wireless authorized retailer for the past six years and now has eight retail locations throughout the New York Metro area. The new store's hours are Monday through Friday, 10:00 a.m. to 8 p.m., Saturday, 11:00 a.m. to 7:00 p.m., and Sunday, 11 a.m. to 6 p.m.

Customers may activate Verizon Wireless service at Wireless to Go and shop for the latest in wireless technology including data services like two-way text messaging, picture messaging, V CAST service, which brings TV, music and other multimedia services to wireless phones, and the newest version of VZ Navigator(SM) which provides audible turn-by-turn directions and real-time traffic information over the company's high-speed wireless network.

Verizon Wireless authorized retailers receive extensive training, as well as merchandising support and competitive commissions, after successfully completing a highly selective qualification process. Authorized retailers play a key role in the company's retail sales distribution strategy which includes 2,400 company-owned and operated Verizon Wireless Communications Stores nationwide.

Verizon Wireless is the only major carrier to offer a 30-day test drive of its network. If at any point during the 30-day Test Drive customers are not satisfied with their experience and take their number to another wireless carrier, Verizon Wireless will refund their money for their voice calls, equipment, activation fee and taxes, as well as release them from their contract without early termination fee when they return their phone within the Test Drive period.

Currently the company is looking for bilingual English-Spanish speaking entrepreneurs interested in joining the Verizon Wireless authorized agent team in New York and Northern New Jersey neighborhoods with large Spanish-speaking populations. For more information about becoming an exclusive Verizon Wireless authorized retailer send an e-mail to NewAgents@VerizonWireless.com.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving more than 68.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 70,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: David Samberg, Verizon Wireless, +1-845-365-7212,
David.Samberg@VerizonWireless.com, Gisela Lopez, +1-973-830-7397,
Gisela.lopez@vivianipr.com, for Verizon Wireless

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

[video] Albert Reda, CEO of Seamless Wi-Fi, Inc. Discusses Agreement With Garmin, USA, Inc., on WallSt.net's 3-Minute Press Show

LAS VEGAS, Aug. 18 /PRNewswire-FirstCall/ -- Seamless Wi-Fi, Inc. (BULLETIN BOARD: SMWF) , a leading provider of Internet communications products, today announced that the company's CEO, Albert Reda 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/Al-Reda-SMWF/209/887 About Seamless Wi-Fi, Inc.:

Seamless Wi-Fi (http://www.slwf.net/) is a Las Vegas-based company quoted on the OTCBB under the symbol, SMWF. Seamless develops and markets and sells, secure cutting-edge hardware and software Internet communications products and services through its three operating subsidiaries: Seamless Internet, Inc. (http://www.seamlessinternet.com/), Seamless TEK LABS, Inc. (http://www.s-teklabs.com/) and Seamless Sales LLC (http://www.seamlessolsales.com/).

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 received eight thousand one hundred fifty dollars from Seamless Wi-Fi, Inc. for media and advertising services in 2006, and an additional two hundred eighty dollars from Seamless Wi-Fi, Inc. for the dissemination of this press release. 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

Seamless Wi-Fi, Inc.; WallStreet Direct, Inc.

CONTACT: WallStreet Direct, Inc., 1-800-4-WALLST

Web site: http://www.slwf.net/
http://www.seamlessinternet.com/
http://www.s-teklabs.com/
http://www.seamlessolsales.com/
http://www.wallst.net/

[video] David Brown, President and CEO of LifeVantage Corporation, Discusses Record Page Views on WallSt.net's 3-Minute Press Show

SAN DIEGO, Aug. 18 /PRNewswire-FirstCall/ -- LifeVantage Corporation (BULLETIN BOARD: LFVN) , the maker of Protandim(R), the only product clinically proven to slow the progressive rate of aging, today announced that the company's President & CEO, David Brown, 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/David-Brown-LFVN/209/888 About LifeVantage Corporation:

LifeVantage Corporation is a publicly traded (BULLETIN BOARD: LFVN) , science based, natural products company, dedicated to helping people reach their health and wellness goals through science-based solutions to oxidative stress. Founded in 2003 and based in Colorado, LifeVantage develops nutraceutical products, including Protandim, that leverage the company's expertise and that are intended to deliver significant health benefits to consumers. For more information, visit http://www.lifevantage.com/.

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 two hundred eighty dollars from LifeVantage Corporation for the dissemination of this press release. 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

LifeVantage Corporation; WallStreet Direct, Inc.

CONTACT: WallStreet Direct, Inc., 1-800-4-WALLST

Web site: http://www.lifevantage.com/
http://www.wallst.net/

Regional Law Enforcement Data Exchange System ExpandsMassachusetts Police Share Local Information over Verizon Wireless Network with BIO-key's InfoExchange(R) Software

WALL, N.J., Aug. 18 /PRNewswire-FirstCall/ -- BIO-key International Inc. (BULLETIN BOARD: BKYI) , a leader in finger-based biometric identification and wireless public safety solutions, today announced the recent expansion of a unique, cross-jurisdictional law enforcement information sharing system utilizing the company's InfoExchange(R) data access solution. Each of the police departments in five participating neighboring communities in Massachusetts now provide their officers on the street with vital information previously unavailable from the separate criminal records systems maintained by all of the departments.

As in many police departments across the country, officers in these five communities already had direct, wireless access to federal and state local law enforcement databases from laptops in their patrol vehicles using MobileCop(R), BIO-key's industry-leading mobile data solution. Getting information on stolen vehicles or outstanding arrest warrants from these sources before approaching a vehicle at a traffic stop, for example, is critical in protecting officer safety.

But three neighboring police departments in Massachusetts wanted to go even further in providing crime-fighting information to their officers in the field. Each of the police departments maintains its own records management system (RMS), which tracks and stores data on individuals arrested or involved in incidents in the community, including information not available in federal or state databases.

"We all know that criminal behavior doesn't stop at the town or city line," explains Patrolman Greg Kiff of the Plainville, MA Police Department, one of the founding members of the consortium. "If someone's looking to commit a crime in Plainville there's a good chance he's been involved in similar behavior in nearby communities -- or he associates with others from those communities. And there's a good chance that there's valuable information on that individual in the local RMS systems in those communities."

Over the last year, the three departments developed a unique RMS data sharing system using InfoExchange, and two more communities recently joined the consortium. Now, when an officer in one of the five departments initiates a federal and state mobile data query with MobileCop, InfoExchange automatically checks the RMS databases in each of the participating towns. When a "hit" is found and reported back to the officer over a secure Verizon Wireless network connection, the specific department is identified so the officer knows immediately where it came from. The data sharing system is also used by other staff in the five departments, including detectives investigating crime patterns.

"Individually, none of our towns can afford the number of police needed to keep track of all the activities of an increasingly mobile population of offenders," added Patrolman Kiff. "InfoExchange is effectively a force multiplier for small towns like ours, letting us use the intelligence gathered from neighboring police departments to fill in the gaps and work smarter. Our five towns, with our limited resources, are now actually doing what everyone has just been talking about since 9-11 -- communicating and sharing data."

"Since its introduction just a year ago, InfoExchange has been helping hundreds of officers and investigators across the U.S. to be safer and smarter," according to Ken Souza, Senior Vice President and General Manager of BIO-key's Law Enforcement Division.

About BIO-key

BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric fingerprint identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 1,000 police departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for law enforcement. (http://www.bio-key.com/)

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Company Contact: BIO-key International, Inc. Bud Yanak 732-359-1100

BIO-key International Inc.

CONTACT: Bud Yanak of BIO-key International, Inc., +1-732-359-1100

Web site: http://www.bio-key.com/

Vincent W. Renz Joins NewCardio as PresidentIndustry Leader with Strong Clinical Research Relationships and Proven Track Record in Driving Growth Organizations to Lead Commercialization

SANTA CLARA, Calif., Aug. 18 /PRNewswire-FirstCall/ -- NewCardio, Inc., (BULLETIN BOARD: NWCI) a cardiac diagnostic and services company, today announced that Vincent W. Renz has joined NewCardio as its president. Mr. Renz will oversee the Company's commercialization effort, to include business development, client services, software development, and quality assurance. In addition, he will play a key role in developing strategic partnerships and alliances. Mr. Renz will report directly to Branislav Vajdic, Ph.D., who continues as the Company's Chief Executive Officer.

Mr. Renz has more than 26 years of experience in the information technology industry, specifically in the development and commercialization of technology products and services. He joins NewCardio from ClinPhone, the world's leading Clinical Technology Organization recently acquired by PAREXEL International Corporation, a leading global biopharmaceutical services organization. At ClinPhone, Mr. Renz served as Chief Operating Officer. Previously, he worked for eResearch Technology, Inc. as the Executive Vice President and Chief Technology Officer and played a key role in building eResearch Technology's clinical technology business. Mr. Renz was also instrumental in developing the global business development and client services infrastructure to support the company's rapid growth and profitability. Mr. Renz earned an M.B.A. in Management Information Systems from Indiana University and a B.B.A. in Finance from the University of Notre Dame.

Dr. Vajdic commented, "With the validation of QTinno(TM), our lead product, essentially complete, this announcement marks the first step in our aggressive commercialization effort. Adding an industry leader like Vinnie to our team is a win for NewCardio, its employees, customers and shareholders. He brings proven skills in the life Sciences, health care and information technology industries, with particular expertise in business development, partnership formation and support of innovative software-based technologies. He adds deep understanding of the clinical trials industry, product development life cycle, and the proven ability to create business development and customer service teams. This expertise should prove invaluable as we strive to add clinical and diagnostic value to the hundreds of millions of ECGs performed every year in health care settings, clinical trials and life screening settings."

Mr. Renz added, "It is clear to me that NewCardio's three-dimensional software platform has the potential to become a game changing technology with many applications targeting large, rapidly growing, underserved markets. As an example the Company's initial product, QTinno(TM), promises much-needed automation to replace a costly, labor-intensive process in cardiac safety assessment in clinical research; particularly in large scale thorough QT studies that are required for all compounds prior to FDA submission. I believe QTinno(TM) will be quickly embraced by drug sponsors who are looking to accelerate clinical trials and cut costs, while ensuring regulatory compliance. I also believe contract research organizations looking to expand their product and service offerings in order to increase margins and compete more effectively for market share will embrace the product, as well. Government regulators are also looking for processes which provide more precise, predictable and rapid data, as evidenced by the FDA's participation in the Cardiac Safety Research Consortium. Beyond this lead product, the technology has the potential to advance the diagnostic capability of the traditional electrocardiogram (ECG) to address a broader range of cardiac care to include patient monitoring, emergency room diagnosis, and life screening diagnosis by providing automated, high quality, assessment data and predictive markers generated through the company's proprietary technology that generates three-dimensional models for visual review. It's an exciting time to join NewCardio, and I look forward to leading the commercialization of this exciting technology platform."

About NewCardio, Inc.

NewCardio is a cardiac diagnostic and services company focused on the development of a proprietary platform technology to provide higher accuracy to, and increase the value of, the standard 12-lead electrocardiogram (ECG). NewCardio's development-stage software and hardware products and services are intended to improve the diagnosis and monitoring of cardiovascular disease (CVD), as well as cardiac safety assessment of drugs under development. NewCardio's three-dimensional ECG platform is designed to reduce the time and expense involved in assessing cardiac status while increasing the ability to diagnose clinically significant conditions which were previously difficult to detect. For more information, visit http://www.newcardio.com/.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based on currently available information and assumptions made by management. Although we believe that the assumptions on which the forward-looking statements contained herein are based are reasonable, any of those assumptions could prove to be inaccurate given the inherent uncertainties as to the occurrence or nonoccurrence of future events. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including the potential risks and uncertainties set forth in Item 1A of our Annual Report on Form 10-K/A (No. 1) for the year ended December 31, 2007 and relate to our business plan, our business strategy, development of our proprietary technology platform and our products, timing of such development, timing and results of clinical trials, level and timing of FDA regulatory clearance or review, market acceptance of our products, protection of our intellectual property, implementation of our strategic, operating and people initiatives, benefits to be derived from personnel and directors, ability to commercialize our products, our assumptions regarding cash flow from operations and cash on-hand, the amount and timing of operating costs and capital expenditures relating to the expansion of our business, operations and infrastructure, implementation of marketing programs, our key agreements and strategic alliances, our ability to obtain additional capital as, and when, needed, and on acceptable terms and general economic conditions specific to our industry, any of which could impact sales, costs and expenses and/or planned strategies and timing. We assume no obligation to, and do not currently intend to, update these forward-looking statements.

To join our email distribution please click this link: http://www.b2i.us/irpass.asp?BzID=1645&to=ea&s=0

NewCardio, Inc.

CONTACT: Investors, Jeff Stanlis, VP of Communications of Hayden
Communications, Inc., +1-602-476-1821, jeff@haydenir.com, for NewCardio, Inc.

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

Yucheng Technologies Reports Unaudited Financial Results for the Three-Month Period Ended June 30, 2008

BEIJING, Aug. 18 /Xinhua-PRNewswire-FirstCall/ - Yucheng Technologies Limited , a leading local IT Solutions and Services provider to the Chinese banking industry, today announced unaudited financial results for the three-month period ended June 30, 2008.

We are presenting the profit and loss accounts separately for our established core business (IT Solutions and Services and System Integration) and our nascent POS business. We believe this provides investors with a clearer understanding of our entire business.

Second Quarter 2008 Highlights Core Business -- Core business revenue was USD 24.6 million, an increase of 136% year- over-year (y-o-y). -- IT Solutions and Services revenue was USD 9.2 million, an increase of 97% (y-o-y). -- IT Solutions and Services business continued to realize gross margins in excess of 60%. -- Non-GAAP net income was USD 3.1 million, an increase of 50% (y-o-y) and GAAP net income was USD 2.8 million, an increase of 54% (y-o-y). -- Non-Top Four banks grew to 48% of our client base by revenue compared to 39% at year-end 2007. -- Fully diluted EPS for the second quarter was USD 0.17 (non-GAAP) and USD 0.15 (GAAP) compared to USD 0.17 (non-GAAP) and USD 0.15 (GAAP) in the second quarter of 2007, based on diluted share counts of 17.8 million and 12.3 million, respectively. POS Business -- Net revenue was USD 0.4 million in the second quarter compared to USD 0.3 million in the first quarter. -- Average gross revenue per terminal of our entire merchant base was USD 12.0 per month in the first and second quarters. -- Operating expenses were USD 0.76 million, up slightly from USD 0.71 million the first quarter. -- Fully diluted EPS was USD -0.02 in the second quarter, compared to USD -0.02 in the first quarter of 2008. -- Installation base was 12,700 terminals at the end of June, up 43% from 8,900 at year-end 2007. -- Our sales teams now cover the 20 most affluent cities across the country operating out of 15 offices. Consolidated Results -- Yucheng's total second quarter revenues were USD 25.0 million, an increase of 140% (y-o-y). -- Gross margin for our consolidated business was 31.8% in the second quarter, compared to 35.7% for the same period last year. -- Fully diluted EPS for the consolidated business this quarter was USD 0.15 (non-GAAP) and USD 0.13 (GAAP) compared to USD 0.17 (non- GAAP) and USD 0.15 (GAAP) in the second quarter of 2007. -- Our cash increased to USD 26.0 million by the end of the second quarter from USD 14.5 million at the end of the first quarter of 2008. -- Days of sales outstanding (DSO) was reduced to 144 days by the end of the second quarter from 183 days at the end of the first quarter. -- Management raised the revenue guidance for the fiscal year 2008 to USD 88 million, and maintained the original Non-GAAP net income guidance for the fiscal year 2008 of USD 14.7 million to USD 15.2 million, including the projected the net loss from our POS business.

Summary of Selected Unaudited Financial Results for the Second Quarter of 2008

(All numbers are in USD thousands, except share numbers, per-share value and

percentages; The calculation of percentage change is based on USD thousands)

Q2 2008 Q2 2007 CONSOLIDATED % of % of Y-O-Y Amount Revenues Amount Revenues % Change Revenues $24,994 100.0% $10,426 100.0% 139.7% IT Solutions and Services $9,194 36.8% $4,664 44.7% 97.1% System Integration $15,400 61.6% $5,762 55.3% 167.3% POS $400 1.6% -- -- -- Cost of Revenues $17,679 70.7% $6,695 64.2% 164.1% Gross Profit $7,315 29.3% $3,731 35.8% 96.1% Total Operating Expenses $5,389 21.6% $2,110 20.2% 155.4% R&D $438 1.8% $201 1.9% 117.9% SG&A $4,961 19.8% $1,909 18.3% 159.9% Income from Operations $1,916 7.7% $1,620 15.5% 18.3% Net Income (GAAP) $2,359 9.4% $1,788 17.1% 31.9% Amortization of Intangible Assets $334 1.3% $274 2.6% 21.9% Non-GAAP Net Income $2,693 10.8% $2,062 19.8% 30.6% Basic GAAP EPS $0.13 -- $0.18 -- (26.7%) Diluted GAAP EPS $0.13 -- $0.15 -- (9.0%) Basic Non-GAAP EPS $0.15 -- $0.21 -- (27.5%) Diluted Non-GAAP EPS $0.15 -- $0.17 -- (9.9%) Basic Weighted Average Common Shares Outstanding 17,563,685 -- 9,755,938 -- 80.0% Diluted Weighted Average Common Shares Outstanding 17,792,010 -- 12,272,771 -- 45.0% Q2 2008 CORE POS % of % of Amount Revenues Amount Revenues Revenues $24,594 100.0% $400 100.0% IT Solutions and Services $9,194 37.4% -- -- System Integration $15,400 62.6% -- -- POS -- -- $400 100.0% Cost of Revenues $17,435 70.9% $244 61.0% Gross Profit $7,159 29.1% $156 39.0% Total Operating $4,646 18.9% $753 188.3% Expenses R&D $438 1.8% -- 0.0% SG&A $4,208 17.1% $753 188.3% Income from Operations $2,512 10.2% ($596) (149.0%) Net Income (GAAP) $2,751 11.2% ($392) (98.0%) Amortization of Intangible Assets $334 1.4% $0 0.0% Non-GAAP Net Income $3,085 12.5% ($392) (98.0%) Basic GAAP EPS $0.16 -- ($0.02) -- Diluted GAAP EPS $0.15 -- ($0.02) -- Basic Non-GAAP EPS $0.18 -- ($0.02) -- Diluted Non-GAAP EPS $0.17 -- ($0.02) -- Basic Weighted Average Common Shares Outstanding 17,563,685 -- 17,563,685 -- Diluted Weighted Average Common Shares Outstanding 17,792,010 -- 17,792,010 -- Note: The United States dollar amounts in the above tables are June 30, calculated based on the USD: RMB exchange rate of USD 1.00 = RMB 6.8591 for 2008, and USD 1.00 = RMB 7.6155 for June 30, 2007. Review of Second Quarter 2008 Results Core Business

In the second quarter 2008 Yucheng experienced strong demand for both its IT Solutions and Services and System Integration businesses. Core business revenue was USD 24.6 million, an increase of 136% from the same period in 2007. IT Solution and Services revenue was USD 9.2 million, an increase of 97% from the second quarter 2007. The growth in our IT Solutions and Services business was primarily driven by our credit management solutions, core banking software and risk management solutions. IT Solutions and Services business continued to realize gross margins in excess of 60%.

The System Integration revenue was USD 15.4 million, a 167% increase from the second quarter of 2007. The 167% growth in System Integration resulted primarily from an increase in demand for our call center, disaster recovery and server farm solutions, as well as the accelerated shipment of other equipment ahead of the 2008 Olympic Games. This will allow us to continue software development work for our customers during the Olympic period and throughout the rest of the year. The System Integration gross margins also remained stable.

Research and development expenses grew with our business, increasing to USD 0.4 million from USD 0.2 million for the same period last year. This increase reflects our continued effort to develop new software and tools and productize our existing solutions for our clients.

Core business sales, marketing, general and administrative expenses (SG&A) totaled USD 4.2 million, up from USD 2.7 million from the first quarter. There were several factors that contributed to the increase. First, we initiated group-wide preparations for Sarbanes-Oxley compliance, creating a dedicated internal Sarbanes-Oxley compliance implementation team and retaining a big-four accounting firm to facilitate the process. Second we implemented a 12% wage increase in early April, in accordance with the Beijing, Shanghai and Guangzhou labor departments' guidelines. Third, our headcount increased by 6% increase to meet our growing project base. Fourth, Yucheng invested in training programs and infrastructure during the second quarter to plan for future growth and gain operating efficiencies over time. Finally, after three years we outgrew our previous headquarters and relocated to larger offices.

For our core business, GAAP net income in the second quarter was USD 2.8 million, and diluted EPS was USD 0.15, compared with GAAP net income of USD 1.8 million, and diluted EPS of USD 0.15 for the same period last year. The second quarter core business 2008 non-GAAP net income was USD 3.1 million, and diluted EPS was USD 0.17 compared with a non-GAAP net income of USD 2.1 million, and diluted EPS of USD 0.17 for the same period last year. The diluted weighted average number of shares outstanding used in the above calculations was 17,792,010 for the second quarter, compared to 12,272,771 for the same period last year.

As of the end of the second quarter, Yucheng's overall cash had increased to USD 26.0 million from USD 14.5 million at the end of the first quarter. This is a direct result of our enhanced efforts to manage our working capital. Yucheng collected USD 20.1 million in outstanding receivables, equivalent to 53% of the outstanding balance from the end of the first quarter. Despite our second quarter revenue growth, this resulted in a net decline in the accounts receivable of USD 3.1 million during this period (excluding the USD 13.4 million in recognized revenue from the China Construction Bank call center contract that occurred at quarter-end). The decline in our accounts receivables reduced our DSO to 144 compared to 183 in the first quarter.

Closer synchronization of collections and payments also helped the overall cash position. The balance of account payables increased from USD 9.0 million to USD 17.9 million during the second quarter.

Based on the current financial position and our commitment to continue increasing our working capital, we are confident that Yucheng has sufficient financial resources to fund its growth going forward.

POS Business

Our POS business registered USD 0.4 million and USD 0.3 million in revenues in the second and first quarters of 2008, respectively. During that time our gross margins increased to 39% from 28% as our merchant base gradually matured and became more productive. The expansion in gross margin indicates that our revenue has been growing at a faster rate than the depreciation expense of the terminals and the merchant service costs.

The gross and net (excluding 5% business tax) average revenues per terminal, as calculated by average monthly revenue divided by average number of terminals, remained constant at above USD 12.0 per month and USD 11.5 per month, respectively in the first and second quarters. The constant average revenue demonstrated that the growth in productivity of our established merchants compensated for the lower revenue streams from the newly acquired merchants.

The POS business operating expenses were USD 0.76 million in the second quarter compared to USD 0.71 million in the first quarter, due to increased operating efficiencies and an optimized sales force. The non-GAAP loss for the POS business in the second quarter was USD 0.39 million, compared with USD 0.38 million in the first quarter. The fully-diluted EPS impact of our POS business was a negative USD 0.02 per share (GAAP and non-GAAP) in both the first and second quarters.

The installation base surpassed 12,700 units by the end of the second quarter, compared to 8,900 units at year-end 2007. During the first two quarters, we focused on rationalizing our merchant base and on acquiring high- value merchants. We expect merchant acquisition to accelerate in the second half of 2008 and we maintain our guidance of 25,000 installed terminals by the end of 2008.

The number of POS sales people declined to 350 at the end of second quarter compared to 376 at the end of the first quarter. We have established sales teams covering the 20 most affluent cities across the country operating out of 15 offices. Other than the number of merchant service representatives, which varies with the scale of our merchant base, management believes the current infrastructure should be sufficient to support our network expansion until we reach breakeven levels.

Business Outlook

The macro environment continues to look favorable for our business in the second half 2008. Deregulation in the banking industry and a push for greater transparency and compliance with international standards are creating significant demand for IT capabilities and solutions. We received strong demand from the non-Top Four banking sector, a trend that is expected to continue into 2009.

We expect our revenue from IT Solutions and Services will continue to grow throughout the next two quarters, cyclically peaking in the fourth quarter when many of our projects end. As we continue to expand our core business, our Systems Integration business will initially grow in advance of and serve as the foundation for our IT Solutions and Services projects. We have encouraged our Systems Integration clients to pre-ship much of their hardware needs in the second quarter, which will allow our IT Solutions and Services revenue exceed our Systems Integration revenue in the third quarter. However, based on our pipeline, we expect to grow both businesses in the fourth quarter.

In 2009, we expect to experience strong revenue growth across all of our product lines. We further expect to see continued consolidation in our industry, as banks prefer to work with leading IT solution providers that are capable of providing a broad range of solutions. This will allow industry leaders, like Yucheng, continue to enlarge their market share and achieve a growth rate higher than the industry's average. We will also continue to focus on working capital management, which will allow us to maintain stronger cash position throughout the business cycle.

We anticipate our POS business will contribute USD 1.4 million in revenue and USD 0.55 million in gross profit during the second half of 2008. The POS operations are expected to realize a USD 1.0 million net loss and a loss of USD 0.06 per share in the second half of 2008. Given the current market conditions, we anticipate that the magnitude of losses in net income and EPS will start to narrow in first half of 2009. In addition, we expect that the POS business will breakeven in terms of operating cash flows in the second half of 2009 and P&L in during the first half of 2010. Our forecast is based only on the current basic payment processing services. We do not take into account the possibility of amortizing direct merchant acquisition costs, a GAAP accounting treatment widely adopted by many payment services companies.

Given the current macroeconomic environment and our operating results for the first half of 2008, we are raising our top line guidance for the entire company to USD 88 million. Having already taken into account the expected net loss from our POS business for this year, we maintain the original Non-GAAP guidance in the range of USD 14.7 million to USD 15.2 million.

Weidong Hong, Yucheng Technologies' CEO, remarked: "We are pleased with our operating results so far this year and looking at our pipeline and the business environment, we feel confident in our new management guidance. Our core business has shown strong growth with second quarter revenues of USD 24.6 million, up 136% from last year. We have diversified our client base so that joint-stock banks and top regional banks now account for 48% of revenues compared to 39% at the end of 2007. This growth was made possible by our market leading solutions, our leading brand recognition and our position as a total solutions provider. Most importantly, our existing customers continue to return project after project because we have built strong relationships based on our service commitment. "

"We believe our investment in the POS merchant acquisition services bears significant strategic opportunities for Yucheng. As credit and debit cards quickly replace cash as the means of payments in China and retail consumption grows at twice the rate of GDP growth, the basic processing volume of each machine should grow organically. An established POS terminal network will be an invaluable conduit to deliver various value-added payment services to merchants such as prepaid cards, transaction analyses and loyalty programs. The network also represents an attractive value proposition to international payment service companies entering the Chinese market. Although our POS business is still nascent, we believe in our ability to compete successfully in this business, and realize financial and strategic benefits in the next few years."

Non-GAAP Disclosure

To supplement the unaudited consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), Yucheng's management has reported net income and earning per share on a non-GAAP basis. Each of the terms as used by Yucheng is defined as follows:

Non-GAAP net income represents net income reported in accordance with GAAP, adjusted for amortization of intangible assets resulting from the accounting treatment of the acquisition of Beijing e-Channels Century Technology Co., Ltd.

Non-GAAP earnings per share represents non-GAAP net income divided by the number of shares used in computing basic and diluted earnings per share in accordance with GAAP.

Management of Yucheng believes that these non-GAAP net income and earnings per share measures are useful for understanding and assessing Yucheng's underlying business performance and operating trends, and expects to report net income on a non-GAAP basis using a consistent method on a quarterly basis going forward. These non-GAAP financial measures also facilitate management's internal comparisons to Yucheng's historical performance and liquidity. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

Management of Yucheng notes that these measures may not be calculated on the same basis as similar measures used by other companies. Please find a reconciliation of non-GAAP figures to GAAP figures in the summary of financial information presented above.

Teleconference Information

Management will conduct a conference call to discuss its financial results for the three-month period ended June 30, 2008 on Monday, August 18, 2008 at 8:00AM EDT/ 8:00PM Beijing.

To participate, please call one of the following local access numbers ten minutes prior to the scheduled start of the call and provide the conference call identification 58449239:

1-866-519-4004 (USA) 1-800-407-1908 (Canada) 0-808-234-6646 (UK) 10-800-650-0419 (NetCom Users in China) 10-800-265-0432 (Telecom Users in China) 65-6735-7955 (Other countries)

The record of this call will be accessible and downloadable http://www.intercallapac.com/ftp/conf58449239.zip for 48 hours starting two hours after the end of the call. The record will also be accessible on Yucheng's website at http://www.yuchengtech.com/english/front/main17.jsp?path=1766%3E1770 .

About Yucheng Technologies Limited

Yucheng Technologies Limited is a leading IT service provider to the Chinese banking industry. Headquartered in Beijing, China, Yucheng has more than 2,000 employees and has established an extensive network for serving its banking clients nationwide, with subsidiaries and representative offices in 18 cities. Yucheng provides a comprehensive suite of IT Solutions and Services to Chinese banks including: (i) channel-related IT solutions, such as web banking and call centers; (ii) business-related processing solutions, such as core banking systems, foreign exchange and treasury management; and (iii) management-related IT solutions, such as risk analytics and business intelligence. Yucheng is also a leading third party provider of POS merchant acquiring services in partnership with banks in China.

Safe Harbor Statement

This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward looking terminology, such as ''may,'' ''will,'' ''expect,'' ''intend,'' ''estimate,'' ''anticipate,'' ''believe,'' ''project'' or ''continue'' or the negative thereof or other similar words. Such forward-looking statements, based upon the current beliefs and expectations of Yucheng's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.

YUCHENG TECHNOLOGIES LIMITED AND SUBSIDIARIES Consolidated Statements of Income Three months ended June 30, 2008 and June 30, 2007 2008 Q2 2007 Q2 USD USD Revenues: IT Solutions and Services 9,593,692 4,664,260 System Integration 15,400,458 5,761,721 Total revenues 24,994,150 10,425,981 Cost of revenues (17,679,099) (6,695,258) Gross profit 7,315,051 3,730,723 Operating expenses: Research and development (438,339) (201,458) Selling and marketing (1,856,043) (821,187) General and administrative (3,104,850) (1,087,831) Total operating expenses (5,399,232) (2,110,476) Income from Operations 1,915,819 1,620,247 Other income (expenses): Interest income 40,103 86,994 Interest expense (118,892) (14,664) Gain from disposal of an affiliate 352,189 -- Other income (expense), net (153,271) 14,166 Income before income tax and minority interests 2,035,948 1,680,569 Income tax benefit (expense) 173,304 79,781 Minority interests 149,653 -- Net income (GAAP) 2,358,905 1,787,879 Amortization for intangible assets 334,323 273,956 Net income(non-GAAP) 2,693,228 2,061,835 YUCHENG TECHNOLOGIES LIMITED AND SUBSIDIARIES Consolidated Balance Sheets June 30, 2008 and March 31, 2008 Assets 2008.6.30 2008.3.31 USD USD Current assets : Cash and cash equivalents 25,959,309 14,460,300 Trade accounts receivable, net 41,822,794 30,791,174 Costs and estimated earnings in excess of billings on uncompleted contracts 6,887,289 6,537,296 Amounts due from related companies 1,245,336 6,249,986 Inventories 3,384,652 1,234,829 Pre-contract costs 3,022,827 1,760,092 Other current assets 6,997,889 8,599,882 Deferred income taxes assets-Current 495,847 143,217 Total current assets 89,815,943 69,776,776 Investments in and advances to affiliates -- 321,301 Fixed assets 9,248,553 7,795,702 Less: Accumulated depreciation (2,082,856) (1,888,389) Fixed assets, net 7,165,697 5,907,313 Intangible assets, net Intangible assets, net 6,138,069 5,310,213 Goodwill 23,803,801 25,936,626 Deferred income taxes-Non-current 642,949 521,210 Other non-current assets 491 7,036 Total assets 127,566,950 107,780,475 YUCHENG TECHNOLOGIES LIMITED AND SUBSIDIARIES Consolidated Balance Sheets (continued) June 30, 2008 and March 31, 2008 Liabilities and stockholders' equity 2008.6.30 2008.3.31 USD USD Current liabilities Short-term loan 8,747,503 2,849,409 Obligations under capital leases 348,427 316,648 Trade accounts payable 17,886,975 9,029,543 Billings in excess of costs and estimated earnings on uncompleted contracts 718,534 312,809 Employee and payroll accruals 1,894,629 2,110,660 Dividends payable to ex-owners 2,080,945 2,033,539 Deemed distribution to ex-owners 3,522,890 7,928,544 Outstanding payment in relation to business acquisitions 5,735,686 7,485,915 Income taxes payable 1,629,356 1,522,672 Other current liabilities 4,645,513 2,749,500 Deferred income taxes - Current 247,128 -- Total current liabilities 47,457,586 36,339,239 Obligations under capital leases 467,139 463,548 Deferred income taxes 604,200 705,290 Total liabilities 48,528,925 37,508,077 Minority interests 2,195,412 681,229 Stockholders' equity Preferred stock, $0.0001 par value, authorized 2,000,000 shares and none issued; Common stock, $0.0001 par value, authorized 60,000,000 shares; 16,610,853, 17,563,685 shares issued and outstanding as of December 31, 2007 and June 30, 2008 2,916,900 2,850,351 Additional paid up capital 54,081,990 49,396,909 Reserves 3,625,670 3,543,073 Retained earnings 16,603,617 13,920,203 Accumulated other comprehensive loss (385,564) (119,367) Total Stockholders' equity 76,842,613 69,591,169 Liabilities and Stockholders' equity 127,566,950 107,780,475 YUCHENG TECHNOLOGIES LIMITED AND SUBSIDIARIES Consolidated Statements of Cash Flows Three months ended June 30, 2008 2008 Q2 USD Cash flows from operating activities: Net income 2,358,905 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation 195,209 Amortization 565,005 Loss on disposal fixed assets 31,538 Gain on disposal of an affiliates (352,189) Minority interests (149,653) Increase in trade accounts receivable (10,313,814) Increase in costs and estimated earnings in excess of billing on uncompleted contracts (197,595) Decrease in due from related parties 5,150,350 Increase in inventories (2,161,636) Increase in pre-contract costs (1,221,703) Decrease in other current assets 1,802,475 Increase in current deferred income taxes assets (349,292) Increase in non-current deferred income taxes assets (109,589) Increase in trade accounts payable 8,646,935 Increase in billings in excess of costs and estimated earnings on uncompleted contracts 398,433 Decrease in employee and payroll accruals (265,236) Increase in income taxes payable 71,187 Increase in other current liabilities 254,813 Increase in non-current deferred income taxes liabilities 129,596 Net cash provided by operating activities 4,483,739 YUCHENG TECHNOLOGIES LIMITED AND SUBSIDIARIES Consolidated Statements of Cash Flows (continued) Three months ended June 30, 2008 2008 Q2 USD Cash flows from investing activities: Capital expenditures (297,336) Payment of purchase of subsidiaries (174,950) Proceeds from disposal of an affiliate 680,980 Proceeds from disposal of fixed assets 22,743 Net cash provided by investing activities 231,437 Cash flows from financing activities: Proceeds from bank borrowings 5,831,669 Payment of capital leases (35,167) Contribution from minority interests 650,231 Net cash provided by financing activities 6,446,733 Net decrease in cash 11,161,909 Cash at beginning of period 14,797,400 Cash at end of period 25,959,309 For further information, please contact: New York: Mr. Jim Preissler Tel: +1-646-383-4832 Email: jpreissler@yuchengtech.com Beijing: Ms. Rebecca Alexander Tel: +86-10-5913-7998 Email: investors@yuchengtech.com

Yucheng Technologies Limited

CONTACT: New York: Mr. Jim Preissler, +1-646-383-4832, or
jpreissler@yuchengtech.com; Or Beijing: Ms. Rebecca Alexander,
+86-10-5913-7998, or investors@yuchengtech.com

Web site:
http://www.yuchengtech.com/english/front/main17.jsp?path=1766%3E1770

The Quantum Group Reaches 3,000 Patients Under ManagementGrows Patient Base 36%

WELLINGTON, Fla., Aug. 18 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (http://www.quantummd.com/), a Wellington, Florida based healthcare organization, announced today that it has increased the active patient base to 3,000 lives using the Renaissance Community Health Systems (CHS) established throughout the state. The 36% growth of the enrolled patient base is effective as of August 1, 2008, which falls into the fourth quarter of Fiscal Year 2008 for the Company.

This growth further demonstrates the continued progress of the Company consistent with the objectives set forth by management at the start of the fiscal year; particularly, as this increase has occurred outside of the bounds of the traditional Medicare Advantage open enrollment period.

Noel J. Guillama, President & CEO, commented, "We are pleased to provide this tangible result of our ongoing growth and development as we believe we are on track to meet the benchmarks and goals we set for ourselves in 2006. Much of our work to date has been executed to develop our infrastructure to accommodate our growth strategy. We are seeing the results of the foundation we have systematically built as the industry continues to entrust us with the management of its patient members and as we welcome more healthcare providers to the 2,000-plus Renaissance affiliated providers. We are currently on track to achieve our projected 5,000 patient lives and 2,500 affiliated providers by the end of this calendar year."

Noel J. Guillama and Pete Martinez will be offering additional insights into this development as they present at the Fourth Annual Noble Financial Equity Conference at 5:00 p.m. PDT in Las Vegas, Nevada, and Security Research Associates' 4th Annual Summer Technology Conference at 2:30 p.m. PDT in San Francisco, California respectively. Both gentlemen will be presenting to audiences comprised of buy-side analysts, funds and investors.

About The Quantum Group, Inc.

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

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

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

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

FOR MORE INFORMATION, PLEASE CONTACT: PR Financial Marketing Jim Blackman: 713-256-0369 jim@prfmonline.com or The Quantum Group, Inc. Danielle Amodio: 561.798.9800 damodio@quantummd.com

The Quantum Group, Inc.

CONTACT: Jim Blackman of PR Financial Marketing, for The Quantum Group,
Inc., +1-713-256-0369, jim@prfmonline.com; or Danielle Amodio of The Quantum
Group, Inc., +1-561-798-9800, damodio@quantummd.com

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

Global Axcess Corp Announces Contingent Settlement Agreement with Debt HolderSettlement to End Legacy Litigation Issue Contingent on Financing

JACKSONVILLE, Fla., Aug. 18 /PRNewswire-FirstCall/ -- Global Axcess Corp (BULLETIN BOARD: GAXC) (the "Company"), an independent provider of ATM solutions, today announced that on August 12, 2008 it reached a contingent settlement agreement with CAMOFI Master LDC ("CAMOFI"), a debt holder of Global Axcess. In accordance to the settlement agreement (the "Agreement"), the Company will pay $3.7 million in cash to CAMOFI to cancel the note executed in October 2005. The settlement agreement resolves the lawsuit initially filed by CAMOFI in October 2007 and amended in December 2007 alleging breach of contract by the Company.

Mr. George McQuain, Chief Executive Officer of the Company, stated, "Over the last 22 months we have worked diligently to eliminate the legacy issues that have hampered our efforts. This contingent settlement agreement is another step in that direction. The CAMOFI note and litigation have effectively precluded our ability to raise equity and debt financing without significant equity dilution. Upon obtaining the financing to remove the contingency, we will again be able to incorporate portfolio acquisitions as a part of our strategy to drive growth in top line revenue and build shareholder value. I am confident the shareholders will agree that this is a positive move for the Company."

Of the total, $3.5 million will repay the principal balance of the note and $200,000 will reimburse CAMOFI for legal fees and other expenses. Global Axcess's directors and officer's insurance policy will cover $150,000 of the $200,000. The additional $50,000 payment will be paid by the Company.

In addition, the 910,000 warrants previously issued to CAMOFI will remain unchanged and in full force and effect, except that the Company will lower the exercise price to $0.01 per share, and CAMOFI will give up the provisions in the warrant respecting rights to full ratchet anti-dilution protection and most favored nation status.

The Agreement is contingent upon the Company successfully obtaining financing to close this agreement within 90 days after August 12, 2008. Upon closing, the Company expects to record a non-cash expense of approximately $325,000 for the early extinguishment of debt which would have otherwise been expensed at $38,600 per quarter through the maturity date of the note in October 2010. The Company also expects to record a non-cash expense of approximately $175,000 for the warrant repricing and a cash expense of $50,000 for settlement charges relating to the legal fees and other expenses discussed above. This will result in the Company recording a one-time charge of approximately $550,000 ($500,000 non-cash) to earnings upon closing.

Mr. Joe Loughry, Chairman of the Board of the Company, stated, "The resolution of the CAMOFI litigation will remove a significant legal overhang on the Company. Both potential lenders and investors had difficulty assessing its potential impact on the Company and putting it behind us lifts that uncertainty. We have generally worked to avoid one-time charges against our earnings, but we believe it is in the best interests of our shareholders to incur this one-time charge to prevent potentially significant future equity dilution."

"We remain focused on delivering positive financial results for our shareholders and other stakeholders. Getting this behind us, along with the ongoing positive results of our turnaround strategy and the strength of our core business, will continue to add momentum toward our profitability and growth," added Mr. McQuain.

About Global Axcess Corp

Headquartered in Jacksonville, Florida, Global Axcess Corp was founded in 2001 with a mission to emerge as the leading independent provider of ATM services in the United States. Through its wholly owned subsidiary, Nationwide Money Services, Inc. ("NMS"), the Company provides turnkey ATM management solutions that include cash, project and account management services. NMS currently owns and operates approximately 4,300 ATMs in its national network spanning 44 states. For more information on the Company, please visit http://www.globalaxcess.biz/ .

Investor Relations Contact: Sharon Jackson, 904-395-1149 Sharon.Jackson@GLXS.biz

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as: "believes," "expects," "may," "will," "should" or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The Company undertakes no obligation to update any forward-looking statements.

Global Axcess Corp

CONTACT: Investor Relations: Sharon Jackson of Global Axcess Corp,
+1-904-395-1149, Sharon.Jackson@GLXS.biz

Web site: http://www.globalaxcess.biz/

Verizon Wireless Expands Wireless Broadband Network in Ohio to Portions of Morrow, Knox and Crawford CountiesHigh-Speed Network Gives Verizon Wireless Customers Access to Fast Wireless Internet, Email, Mobile Music, Videos and More

GALION, Ohio, Aug. 18 /PRNewswire/ -- Verizon Wireless announced today that it has expanded the national rollout of its high-speed wireless network to portions of Morrow, Knox and Crawford counties including the neighboring towns of Galion, Centerburg and Marengo.

"Our high-speed wireless network gives our customers three key advantages in wireless communication -- speed, mobility and security," said Roger Tang, president-Ohio/Pennsylvania/West Virginia Region, Verizon Wireless. "With these advantages, business customers and mobile professionals can increase productivity and see bottom-line business benefits. In addition, our V CAST services, such as V CAST Music with Rhapsody, help keep customers entertained while on the go -- on the same devices they carry with them every day."

BroadbandAccess

The network expansion in these counties offers Verizon Wireless' business customers a truly mobile office experience with BroadbandAccess, giving them access to their calendars, the Internet, email and critical business information residing behind their companies' firewalls. BroadbandAccess was developed with a range of users in mind, and it enables large enterprises, small to medium-sized businesses and mobile professionals to conduct business anytime, anywhere in the BroadbandAccess coverage area via a secure, true high-speed data connection.

Customers in wireless broadband coverage areas can expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500 kbps to 800 kbps. That means they can download a 1 megabyte email attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds. To help customers stay connected, BroadbandAccess seamlessly switches to the company's NationalAccess service if they travel outside the BroadbandAccess coverage.

V CAST Music with Rhapsody

The company's wireless broadband network powers its V CAST Music with Rhapsody service, which combines Verizon Wireless' world-class, over-the-air mobile music service with Rhapsody's leading desktop solution. V CAST Music with Rhapsody delivers unlimited monthly access to music on up to three Rhapsody-compatible mobile phones and players, and online on multiple PCs and Web browsers. With V CAST Music with Rhapsody, customers who purchase music over-the-air can download the master copy of the songs or albums to their PCs free of digital rights management (DRM) software that restricts how and where music can be played.

V CAST

The company's V CAST service gives customers the ability to play cutting-edge 3D games and stream video clips straight to their handsets. V CAST offers content updated daily so customers can watch dozens of on-demand videos, including breaking news, weather updates, sports highlights and the hottest entertainment clips.

Network Technology and Investment

Verizon Wireless' broadband network is based on CDMA 1x Evolution-Data Optimized (EV-DO) Revision A (Rev. A) technology and provides customers in the area with speeds significantly faster than the company's NationalAccess service.

The multi-million dollar expansion includes the installation of high-tech wireless hardware and software in wireless transmission sites throughout the region. It is part of an ongoing network investment by Verizon Wireless, which has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. During the first half of 2008, the company invested more than $196 million in its Ohio network improvements.

For more information about Verizon Wireless products and services, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/ .

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/ . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia .

Verizon Wireless

CONTACT: Laura Merritt, +1-614-560-2605,
laura.merritt@verizonwireless.com, or George Heddleston, +1-866-667-9110,
gheddleston@woh.rr.com, both for Verizon Wireless

Web site: http://www.verizonwireless.com/
http://www.verizonwireless.com/multimedia

MIPS Technologies to Present at Upcoming Investor Conferences

MOUNTAIN VIEW, Calif., Aug. 18 /PRNewswire-FirstCall/ -- MIPS Technologies, Inc. , a leading provider of industry-standard architectures, processors and analog IP for digital consumer, networking, personal entertainment, communications and business applications, today announced that CEO John Bourgoin and Vice President of Business Development and Corporate Relations Mark Tyndall will present at two upcoming investor conferences. During the presentations, they will provide corporate, financial and product updates for the company.

Kaufman Bros., L.P. 11th Annual Investor Conference September 3 - 5, 2008 W Hotel New York, NY Presentation: Wednesday, September 3rd, 2:30 p.m. Jefferies 2nd Annual Technology Conference September 10 - 11, 2008 Mandarin Oriental, New York, NY Presentation: Wednesday, September 10th, 9:30 a.m.

Audio webcasts will be available at http://www.mips.com/company/investor-relations. For additional information on MIPS Technologies' participation in these events or other upcoming investor events, please contact ir@mips.com or (650) 567-5100.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (NasdaqGS: MIPS) is the world's second largest semiconductor design IP company and the number one analog IP company worldwide. With more than 250 customers around the globe, MIPS Technologies is the only company that provides a combined portfolio of processors, analog IP and software tools for the embedded market. The company powers some of the world's most popular products for the digital entertainment, home networking, wireless, and portable media markets-including broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32- bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Mountain View, California, with offices worldwide. For more information, contact (650) 567-5000 or visit http://www.mips.com/.

MIPS is a trademark or registered trademark in the United States and other countries of MIPS Technologies, Inc. All other trademarks referred to herein are the property of their respective owners.

MIPS Technologies, Inc.

CONTACT: Media, Jen Bernier, +1-650-567-5178, jenb@mips.com, or
Investors, Mark Tyndall, +1-650-567-5100, ir@mips.com, both of MIPS
Technologies, Inc.

Web site: http://www.mips.com/
http://www.mips.com/company/investor-relations

New Lithium Battery From Energizer Fuels Gamers and High-Tech Device UsersEnergizer(R) Advanced Lithium Serves as Gateway to Lithium Technology and Performance; Provides More Power for High-Tech Devices

ST. LOUIS, Aug. 18 /PRNewswire-FirstCall/ -- Consumers looking for a long-lasting battery to reliably power wireless gaming accessories, digital cameras, hand-held games or MP3 players, need not look further. Introducing Energizer(R) Advanced Lithium (http://www.energizer.com/Pages/default.aspx), a new product that serves as the gateway to lithium technology and performance, and the latest lithium battery offering from Energizer Holdings, Inc. .

(Logo: http://www.newscom.com/cgi-bin/prnh/20080818/AQM038LOGO)

Energizer(R) Advanced Lithium batteries provide more power for those must-have electronic gadgets. Whether working on an extended guitar riff or playing the latest video game using a favorite wireless remote, new Energizer(R) Advanced Lithium batteries last up to 20 hours longer* and weigh 33 percent less than standard alkaline batteries. Ideal for photographers of all skill levels, Energizer(R) Advanced Lithium lasts up to 4X longer** in digital cameras and performs well in extreme temperatures from -40 degrees to 140 degrees Fahrenheit (-40 degrees to 60 degrees C).

"We expect Energizer(R) Advanced Lithium to appeal to active gamers, music lovers and others who want to enjoy the benefits of our industry-leading lithium technology," said Betsy Laakko, Director of Battery Marketing for Energizer. "Whether playing a video game, photographing a special memory or listening to music, using Energizer(R) Advanced Lithium will ensure that the fun lasts and lasts."

Energizer successfully hit the road this summer traveling with Rock Band to state fairs and festivals across the country. To kick off its introduction of Energizer(R) Advanced Lithium, Energizer will partner with the forthcoming Rock Band 2 and encourage fans with special in-store promotions and coupons inside the game box.

Energizer(R) Advanced Lithium joins the company's existing Energizer(R) Ultimate Lithium and Energizer(R) Rechargeable(R) in the performance battery segment.

Formerly known as Energizer(R) e2(R) Lithium(R), Energizer(R) Ultimate Lithium is the world's longest-lasting AA and AAA battery for high-tech devices. These batteries last up to 8X longer** in digital cameras and also extend the usage of flash units, handheld GPS units and the playing time for MP3 players and CD players. In addition, the batteries share the same lightweight and supreme performance in extreme temperatures as Energizer(R) Advanced Lithium.

"Between Energizer(R) MAX(R), the new Energizer(R) Advanced Lithium and the popular Energizer(R) Ultimate Lithium, our consumers now have a clearer understanding of the portable power options available to them and can purchase the battery that best suits their power needs," said Laakko.

Energizer(R) Advanced Lithium will be available in stores in mid-August with a suggested retail price of $7.99 for a four-pack.

About Energizer

Energizer Holdings, Inc. , http://www.energizer.com/, headquartered in St. Louis, Missouri, is one of the world's largest manufacturers of primary batteries, battery-powered devices and flashlights. Energizer, a global leader in the dynamic business of providing portable power geared toward the new digital age, offers a full portfolio of products including the Energizer(R) MAX(R) premium alkaline brand; Energizer(R) Ultimate Lithium; Energizer(R) Advanced Lithium and Nickel Metal Hydride (NiMH) Rechargeable batteries and chargers.

The Energizer product line also includes specialty batteries for hearing aids and medical devices, health and fitness devices, as well as for keyless remote entry systems, watches and other uses. Through its flashlight and lighting products unit, Energizer helps bring consumer insight and innovation to these important household devices. Energizer continues its role as a technology leader for on-the-go lifestyles with its Energizer(R) Energi To Go(R) line of portable battery-driven power packs for cell phones and for use with iPod(R) devices.

* Versus Energizer(R) MAX(R). Results vary by play and/or usage patterns.

** Versus Energizer(R) MAX(R). Results vary by device.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080818/AQM038LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Energizer Holdings, Inc.

CONTACT: Margaret Welch, +1-314-727-5700, ext. 106,
margaretw@blickandstaff.com, or Jeff Bachmann, +1-314-727-5700, ext. 102,
jeffb@blickandstaff.com, both for Energizer Holdings, Inc.; or Jacqueline
Burwitz of Energizer Holdings, Inc., +1-314-985-2169,
JacquelineE.Burwitz@energizer.com

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

Circuit City Live Presents Acclaimed Recording Artist Rihanna for Live Web Forum August 20, 2008

RICHMOND, Va., Aug. 18 /PRNewswire-FirstCall/ -- International multi-platinum MTV Video Music Awards, Grammy and American Music Award winning Def Jam Records artist Rihanna will participate in an exclusive LIVE Circuit City online forum with fans on Wednesday, August 20, 2008 from 7:30-8:00 p.m. Eastern Time.

The live event can be accessed at http://www.circuitcity.com/rihanna, where fans already can shop for Rihanna's Good Girl Gone Bad: Reloaded hit CD and the Circuit City Exclusive Good Girl Gone Bad DVD. Also available at the site: a widget to share Rihanna videos via Facebook/MySpace, free Rihanna wallpaper for mobile phones and a free downloadable Rihanna voicetone. Users also will be given the opportunity to opt in to Circuit City's "Stay Connected with Rihanna" program which will send weekly updates, news, offers and links to free digital content to their mobile device.

Rihanna's Good Girl Gone Bad: Reloaded just spawned its third #1 hit with the smash single, "Disturbia," which follows smash singles, "Umbrella" and "Take a Bow,"

"We're thrilled to be working with Rihanna and Island Def Jam Records for this unique live event," said Brian S. Bradley, Circuit City's senior vice president - multi-channel. "We know Rihanna's fans will jump at the opportunity to communicate with her and we're delighted to be able to offer this experience for our customers."

Event Details: What: Rihanna LIVE online forum hosted by Circuit City When: Wednesday, August 20, 2008 from 7:30 p.m. - 8:00 p.m. ET Where: Forum can be accessed at http://www.circuitcity.com/rihanna

Good Girl Gone Bad (released June 5, 2007) was the third album release in less than two years by multi-platinum MTV VMA, Grammy, and American Music Award winning artist -- and CoverGirl spokesperson -- Rihanna. It followed-up 2006's RIAA platinum "A Girl Like Me," containing the back-to-back hits, "S.O.S." and "Unfaithful"; and her RIAA gold debut from 2005, Music Of the Sun, featuring the worldwide smash, "Pon De Replay." For more information on Rihanna, go to http://www.rihannanow.com/.

A Tradition of Empowering Customers:

Since its launch in July 1999, http://www.circuitcity.com/ has been committed to engaging customers and building community. The Rihanna event is just the latest in a series of live online forums hosted by Circuit City to provide consumers with first-hand access to experts and celebrities. Recent Circuit City forums have featured leading figures from the worlds of sports, video gaming, computing and photography. Circuitcity.com also provides industry-leading product information by posting unbiased and unedited reports from leading consumer publications, and through more than 130,000 customer ratings and reviews.

About Circuit City Stores, Inc.

Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics and related services. The domestic segment operates through 701 Superstores and 9 other locations in 158 U.S. markets. The international segment operates through approximately 800 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com/, http://www.thesource.ca/ and http://www.firedog.com/.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO )

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Circuit City Stores, Inc.

CONTACT: Jim Babb of Circuit City, +1-804-486-4003

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

CRDB Bases Growth Strategy on Misys BankFusion Platform

LONDON, August 18 /PRNewswire/ --

- Misys BankFusion Universal Banking at the Heart of Tanzanian Bank's Expansion Plans

Misys plc (FTSE: MSY.L), the global application software and services company, today announces that CRDB Bank of Tanzania will implement Misys BankFusion Universal Banking.

Government owned until 1996, CRDB Bank is entering a period of renewed expansion with plans to open 10 new branches a year, launch a fully automated and integrated banking service and add many new innovative products to its existing product portfolio. A Misys customer of 12 years, CRDB wanted to take advantage of the latest banking technologies to provide a platform for growth.

Misys BankFusion Universal Banking makes it possible for banks to meet the demands for high volume processing while continuing to meet the growing expectation of client and market requirements. It gives banks the flexibility to add new products and processes, a choice of hardware, software and services and offers a significant reduction in overall technology and operational costs.

CRDB is implementing Misys Trade Innovation, Misys Opics and Almonde alongside Misys BankFusion as part of a three-phase programme. Misys Trade Innovation will enable CRDB to expand its trade finance operations while Misys Opics will fully automate the treasury department in the bank. Misys Almonde will provide CRDB with an award-winning compliance and performance monitoring platform covering the key areas of risk management. The solution is fully integrated into international banking networks such as Swift, Reuters and Bloomberg.

Dr Charles Kimei, Managing Director of CRDB Bank comments: "We needed a truly universal solution from the branch to the back office, including the finance, treasury, trade finance and risk management functions to help our future growth plans. We needed the system to be fully integrated and capable of delivering real-time business intelligence. We are confident that Misys is the partner to give us the capability to meet our growth plans and equip us to deal with the unexpected."

Guy Warren, EVP and General Manager, Misys Banking, comments, "Core banking systems need to deliver a combination of power and flexibility to enable our customers not only to accommodate growing business volumes but to expand their product lines to meet changing market requirements, while minimising cost and the disruption of new systems development. CRDB Bank has been a customer of Misys for 12 years and we look forward to helping it with its expansion plans into the future."

Misys BankFusion Universal Banking includes a broad range of functional modules, such as general ledger, current and savings accounts, consumer lending and payments that allow banks to add new products with minimal development and time to market.

About Misys plc

Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

Contact us today, visit: http://www.misys.com

For further information please contact Edward Taylor Global Head of Public Relations Misys Banking +44(0)203-320-5530 edward.taylor@misys.com Sebastian Mathews FD +44(0)207-269-7158 sebastian.mathews@fd.com

Misys plc

For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)203-320-5530, edward.taylor@misys.com; Sebastian Mathews, FD, +44(0)207-269-7158, sebastian.mathews@fd.com

Garanti Bank Wins Prestigious Industry Award with OTI's Smart StickerGaranti Technology Wins "Best Innovation in a Loyalty Programme" Award in Cards & Payments Europe 2008 with Bonus Trink(R) Sticker

FORT LEE, N.J. and ISTANBUL, Turkey, Aug. 18 /PRNewswire-FirstCall/ -- On Track Innovations Ltd (OTI) , a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that Garanti Technology (GT), an affiliate of Garanti Bank, Turkey's third largest private bank, won the "Best Innovation in a Loyalty Programme" award at the Cards & Payments Europe 2008, Europe's leading Cards and Payments conference and expo, for the "Bonus Trink(R)" Sticker project, based on OTI's smart sticker contactless payment device.

Bonus Trink, an accredited success story by MasterCard Europe, is the brand mark of Garanti's contactless suite of payment forms including plastic cards, watches, key fobs and the above mentioned smart sticker, all supplied by OTI.

OTI's smart sticker is an entirely self-contained, contactless payment device that adheres to multiple surfaces including mobile phones, PDAs and more, obviating the need to carry a separate credit card. The special configuration and adhesive on the back of the smart sticker makes it easy to attach to any surface, be it metallic, plastic or other. This feature enables issuers to add contactless payment capabilities to existing mobile devices independent of the handset type and model. The smart sticker upgrades products which are already in circulation, providing a quick time-to-market, cost effective solution, which assists issuers in increasing market share.

Another aspect that has emerged regarding the Smart Sticker, both in Turkey and in its initial introduction in the US has been the "cool factor" especially among university students and the 20-35 year old age group.

Payments are made by placing the smart sticker a few inches away from OTI's Saturn 6000 contactless reader. The Saturn 6000 contactless reader is a leading cost-to-performance contactless reader in the market today, certified by the major financial institutions. OTI has delivered several thousand readers to Garanti Bank for its Bonus Trink Program.

"Mr. Hunsu Erel, Garanti's innovation enthusiast Chief Executive Officer for Technology, Operation Services and Marketing, remarked: "Loyalty in payment systems will never be the same with GT."

Oded Bashan Chief Executive Officer & Chairman of OTI said: "Garanti's continued commitment to innovation is admirable, as the Cards & Payments committee recognized. We are proud that OTI's solutions are changing the way people do business in Turkey and all over the world."

About OTI

Established in 1990, OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.

For more information on OTI, visit http://www.otiglobal.com/, the content of which is not part of this press release.

About Garanti Technology

A subsidiary of Dogus Group (one of the four Turkish conglomerates) and an affiliate of Garanti Bank, Garanti Technology (GT) provides services including technology infrastructure, software development on various platforms, internet applications, integration, system administration, security management, project management and office application development to companies particularly in banking & finance and in automotive, construction, media and tourism sectors.

Safe Harbor for Forward-Looking Statements:

This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations, such as those regarding the superiority of our products. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2007, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Except as otherwise required by law, OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.

OTI Contact: Investor Relations Galit Mendelson Paul Holm Vice President of Corporate Relations portfoliopr 201 944 5200 ext. 111 212 888 4570 galit@otiglobal.com paulh@portfoliopr.biz

On Track Innovations Ltd

CONTACT: Galit Mendelson, Vice President of Corporate Relations, of On
Track Innovations Ltd, +1-201-944-5200 ext. 111, galit@otiglobal.com, or
Investors, Paul Holm of portfoliopr, +1-212-888-4570, paulh@portfoliopr.biz,
for On Track Innovations Ltd

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

MonArc Corporation's (MONA) PP365.com Division Announces MYPP Initiative

BEIJING, Aug. 18 /PRNewswire-FirstCall/ -- MonArc Corporation, http://www.monacorporation.com/, (MONA.PK) is pleased to announce that it is developing a platform for individual users to share rich media such as their own videos as well as favourite movies and television shows with other users.

Dubbed MYPP (My Personal Programs), the objective is to provide personal space online where users can share content with a wide circle of friends in a convenient and user-friendly environment. This content will be available to be streamed online, or downloaded to other computers. Of course, users will have the same ability to view and download their friends content in return.

MONA CEO Yong Chen advised; "The Chinese market for content sharing is still young, and we believe that our feature-rich service has the power to build a large audience among younger demographics who are vital to long-term success in China.

We are aiming to bring the service online within the next fiscal quarter, and will provide updates as we achieve significant business milestones."

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.

Contact: corporate@monarccorporation.com, Tel: (702) 508-4172, Att: Ian Bayley, or Mark Hamilton, Investor Relations

CONTACT: corporate@monarccorporation.com, Tel: (702) 508-4172, Att: Ian Bayley, or Mark Hamilton, Investor Relations

MonArc Corporation (MONA)

CONTACT: corporate@monarccorporation.com, Tel: (702) 508-4172, Att: Ian
Bayley, or Mark Hamilton, Investor Relations

Spansion Named 2008 Greater Austin Business Awards Finalist With Recognition in Two Competitive Categories

SUNNYVALE, Calif., Aug. 18 /PRNewswire-FirstCall/ -- Spansion Inc. , the world's largest pure-play provider of Flash memory solutions, today announced that it has been selected as a finalist by the Greater Austin Chamber of Commerce for the 2008 Greater Austin Business Awards.

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

The 8th annual awards will celebrate small, medium, large and non-profit organizations for outstanding achievement in the areas of innovation, customer service, education, community relations, traffic and the environment. From 200 nominations and 24 award categories, Spansion is being recognized in two competitive areas: "Take on Traffic" and "Commitment to Community" for large businesses.

"Spansion's contributions demonstrate the vibrancy and vitality that has helped build this unique city and made Austin what it is today," said Joe Holt, chairman of the Austin Chamber of Commerce Board of Directors and chairman of JPMorgan Chase-Austin. "It is a pleasure to recognize their positive contributions to this city."

The Take on Traffic nomination recognizes Spansion's award-winning Commute Solutions program, encouraging employees to reduce congestion on Austin streets through alternative transportation. The program offers options including preferred parking and monthly drawings for vanpools and carpools, bicycle racks, ride matching and online mileage tracking. Since 2004, the Take on Traffic program has reduced Spansion site's employee vehicle miles traveled by at least 275,000 annually, reducing carbon emissions by more than 165 tons a year. The Commitment to Community nomination recognizes Spansion's ongoing contributions to the local community. In 2007, Spansion Austin donated more than a quarter of a million dollars and nearly 1000 hours of community service to non-profits, schools and agencies, and invested in basic needs programs.

"This recognition is a tribute to Spansion employees who dedicate their time and energy to making a positive impact on the community and the environment," said Randy Blair, vice president of Fab Operations at Spansion Austin. "We are honored to be recognized for our local contributions and look forward to continuing to partner with Austin schools, agencies and non-profit organizations to help meet the needs of our community."

An exclusive awards event at the Hilton Hotel will be held in Austin on August 27, 2008, where final winners in each category will be announced. For more information, please visit the Austin Chamber of Commerce Web site at: http://www.austinchamber.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/.

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/

CRDB Bases Growth Strategy on Misys BankFusion Platform

LONDON, August 18 /PRNewswire-FirstCall/ -- - Misys BankFusion Universal Banking at the Heart of Tanzanian Bank's Expansion Plans

Misys plc (FTSE: MSY.L), the global application software and services company, today announces that CRDB Bank of Tanzania will implement Misys BankFusion Universal Banking.

Government owned until 1996, CRDB Bank is entering a period of renewed expansion with plans to open 10 new branches a year, launch a fully automated and integrated banking service and add many new innovative products to its existing product portfolio. A Misys customer of 12 years, CRDB wanted to take advantage of the latest banking technologies to provide a platform for growth.

Misys BankFusion Universal Banking makes it possible for banks to meet the demands for high volume processing while continuing to meet the growing expectation of client and market requirements. It gives banks the flexibility to add new products and processes, a choice of hardware, software and services and offers a significant reduction in overall technology and operational costs.

CRDB is implementing Misys Trade Innovation, Misys Opics and Almonde alongside Misys BankFusion as part of a three-phase programme. Misys Trade Innovation will enable CRDB to expand its trade finance operations while Misys Opics will fully automate the treasury department in the bank. Misys Almonde will provide CRDB with an award-winning compliance and performance monitoring platform covering the key areas of risk management. The solution is fully integrated into international banking networks such as Swift, Reuters and Bloomberg.

Dr Charles Kimei, Managing Director of CRDB Bank comments: "We needed a truly universal solution from the branch to the back office, including the finance, treasury, trade finance and risk management functions to help our future growth plans. We needed the system to be fully integrated and capable of delivering real-time business intelligence. We are confident that Misys is the partner to give us the capability to meet our growth plans and equip us to deal with the unexpected."

Guy Warren, EVP and General Manager, Misys Banking, comments, "Core banking systems need to deliver a combination of power and flexibility to enable our customers not only to accommodate growing business volumes but to expand their product lines to meet changing market requirements, while minimising cost and the disruption of new systems development. CRDB Bank has been a customer of Misys for 12 years and we look forward to helping it with its expansion plans into the future."

Misys BankFusion Universal Banking includes a broad range of functional modules, such as general ledger, current and savings accounts, consumer lending and payments that allow banks to add new products with minimal development and time to market.

About Misys plc

Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.

Misys: experience, solutions, results Contact us today, visit: http://www.misys.com/ For further information please contact Edward Taylor Global Head of Public Relations Misys Banking +44(0)203-320-5530 edward.taylor@misys.com Sebastian Mathews FD +44(0)207-269-7158 sebastian.mathews@fd.com

Misys plc

CONTACT: For further information please contact: Edward Taylor, Global
Head of Public Relations, Misys Banking, +44(0)203-320-5530,
edward.taylor@misys.com; Sebastian Mathews, FD, +44(0)207-269-7158,
sebastian.mathews@fd.com

General Vision Services Standardizes on Autonomy to Automate Third-Party Administration Processes for Vision Care ServicesIntelligent Document Solutions to Speed Up Vision Plan Provider's Payment Claim Processes, Improves Operational Efficiency

CAMBRIDGE, England and SAN FRANCISCO, August 18 /PRNewswire-FirstCall/ -- Autonomy Corporation plc , a global leader in infrastructure software for the enterprise, today announced that General Vision Services (GVS) has selected Cardiff's information capture and business process management solutions, as well as Meridio's enterprise records management solution, to automate the processing of hundreds and thousands of vision care claims and payments. Digital Vision of Chicago, Illinois was the Systems Integrator for the project.

GVS is one of the largest third-party provider of vision plans in the northeastern part of the US, specializing in the vision needs of the Tri-State and retirement areas, servicing more than five million members in HMO's, corporations and unions. GVS is endorsed by the New York State AFL-CIO, New York City Central Labor Council and Long Island Federation of Labor as "The Preferred Vision Provider". With Autonomy, GVS will be able to deliver timely and accurate processing of payment claims, enabling the vision plan provider to further streamline its internal operational processes; accelerate delivery of data and documents to backend IT infrastructure; reduce administrative costs; and eliminate data entry errors.

"One of GVS' primary objectives is to enable our clients to securely connect to our company for delivery of real-time data and processing online," said Alan Cohen, president of General Vision Services. "This requires that we eliminate the need for manually generated vouchers, leverage electronic vouchers to increase the speed and accuracy of claims processing, and provide the capability for electronically validating member's eligibility and pre-authorization status. But more importantly, we must be in complete compliance with HIPAA and HCFA healthcare regulations. We view Autonomy as a strategic component of this objective."

GVS has previously made an investment to reduce its paper-based processing by developing a web-based application for providers to submit claims. However, electronic claim processing must still be supported by faxed or mailed supporting documentation. Paper documentation received by GVS for the thousands of cases it processes must still be matched with electronic claims and processed as a package. After a competitive evaluation process, GVS selected Cardiff's information capture solution to begin the migration. With this solution, GVS can quickly and easily capture and convert all of its paper-based vision care claims and payment forms into digital data. GVS expects that the amount of paper shuffling and matching paper documents to cases to be eliminated as all paper documents will be converted to electronic forms and/or electronic document images. Data entry requirements will also be reduced because important documents will be scanned and optical character recognition will be used to extract critical data from documents.

With Cardiff's business process management solution, GVS will be able to design, deploy and automatically manage the routing, tracking and approval processes of claim forms and documents. It also adds automated data validation, attachments and workflow capabilities to allow GVS to support intelligent routing, tracking and secure digital approval over the Internet, allowing the process to be handled completely online. By leveraging Cardiff, GVS is able to bring significant levels of automation to both the paper and electronic aspects of its business processes.

In addition, GVS has also licensed Autonomy's enterprise records management solution to store and apply retention policies against images of all of the paper documents that it receives from clients, such as Explanation of Benefits statements (EOB) as well as immutable copies of all electronic forms used to track the processing of claims.

Darlene Cettina, GVS' CFO said, "We're excited about the prospect of eliminating our paper files as we transition to electronic document management. Indexed electronic documents can be accessed by any of our employees at any time faster than trying to reconstruct a paper trail. In addition, Autonomy's enterprise records management solution will allow us to eliminate significant amounts of physical paper storage costs, which will further help to streamline our operational expenses."

"Given the number of payment claims processed by GVS, the reduction in the amount of paper the vision plan provider processes is critical to streamlining its operations, reducing cycle time and achieving overall satisfaction with clients," said Mark Seamans, Autonomy Cardiff's CEO. "We are pleased that GVS has selected Autonomy as a technology partner to streamline its business operations as it pursues its mission to provide outstanding vision care to its clients."

The Cardiff Intelligent Document suite automates all aspects of both paper-based and Web-based document-centric business processes. It delivers significant cost reduction, accelerated processes and an improved customer experience by taking formerly static documents and enabling them to 'process themselves' through the introduction of embedded intelligence. For more information on the Cardiff solutions, please visit http://www.cardiff.com/products/index.html.

About Autonomy

Autonomy Corporation plc is a global leader in infrastructure software for the enterprise and is spearheading the meaning-based computing movement. Autonomy's technology allows computers to harness the full richness of human information, forming a conceptual and contextual understanding of any piece of electronic data including unstructured information, be it text, email, voice or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including information access technology, pan-enterprise search, information governance, end-to-end eDiscovery and archiving, records management, business process management, customer interaction solutions, and video and audio analysis, and is recognized by industry analysts as the clear leader in enterprise search.

Autonomy's customer base comprises of more than 17,000 global companies and organizations including: 3, ABN AMRO, AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler Chrysler, Deutsche Bank, Ericsson, Ford, GlaxoSmithKline, Lloyd TSB, NASA, Nestle, the New York Stock Exchange, Reuters, Shell, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. More than 350 companies OEM Autonomy technology, including BEA, Citrix, EDS, H-P, Novell, Oracle, Sybase and TIBCO, and the company has over 400 VARs and Systems Integrators. The company has offices worldwide.

Autonomy and the Autonomy logo are registered trademarks or trademarks of Autonomy Corporation plc. All other trademarks are the property of their respective owners.

Autonomy Editorial Contacts: Winifred Shum Tania Kempf Autonomy (US) Cohn & Wolfe (US) +1-408-771-6668 +1-650-281-7556 wshum@autonomy.com Tania_Kempf@sfo.cohnwolfe.com David Vindel Edward Bridges The Red Consultancy (UK) Financial Dynamics (UK) +44-207-0256529 +44-207-831-3113 david.vindel@redconsultancy.com edward.bridges@fd.com

Autonomy Corporation plc

CONTACT: Autonomy Editorial Contacts: Winifred Shum, Autonomy (US),
+1-408-771-6668, wshum@autonomy.com; Tania Kempf, Cohn & Wolfe (US),
+1-650-281-7556, Tania_Kempf@sfo.cohnwolfe.com; David Vindel, The Red
Consultancy (UK), +44-207-0256529, david.vindel@redconsultancy.com; Edward
Bridges, Financial Dynamics (UK), +44-207-831-3113, edward.bridges@fd.com

Radware Brings Hope to Chinese Children in Earthquake-hit Sichuan ProvinceCompany Employees Donate Funds to Build a New Middle School

BEIJING, China, August 18 /PRNewswire-FirstCall/ -- Radware , the leading provider of integrated application delivery solutions for business-smart networking, today announced that the Company and its employees donated the equivalent to 73,000USD (500,000 RMB) to the reconstruction of Yunfeng Middle School located in the Sichuan Province of China.

On May 12, 2008, a massive 8.0 magnitude earthquake hit Sichuan, a province in the southwestern region of China. The aftermath of the shocks was devastating. Schools were the hardest hit, resulting in the death of thousands of students; leaving many more without classrooms. Immediately after the tragedy, Radware's China-based-employees launched a worldwide earthquake relief donation initiative within the company, requesting that employees all over the globe donate what they could to help China's children.

"Thousands of classrooms were destroyed, leaving the surviving children with nowhere to learn. We decided the best way Radware could help with the rebuilding efforts was to fund the construction of a school for the children," said Roy Zisapel, CEO, Radware. "Education is key to their future and it is also our corporate social responsibility as compassionate humanitarians, to do what we can to help."

Radware officially committed funds during a ceremony held on August 7, in the town of Yunfeng, Sichuan Province, where the new middle school will be built. Mrs. Hongyi Zhang, North Asia Finance and Administration Manager, Radware and Mrs. Daofen He, a member of Standing Committee and the Minister of Communication Department attended the ceremony. The donation will be made to the Red Cross Society, CangXi County, Sichuan Province who will facilitate the building of new education facilities that will accommodate up to 500 children.

Radware first established operations in China in 2000 and now has a total of 6 offices. The company did not sustain any physical losses to its office in Chengdu and all employees are accounted for.

About Radware

Radware , the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute(TM), Radware's comprehensive and award-winning suite of intelligent front-end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart." For more information, please visit http://www.radware.com/.

This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching or Network Security industry, changes in demand for Application Switching or Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.

Radware Ltd

CONTACT: Media Relations: Joyce Anne Shulman, +1-201-785-3209,
joyceannes@radware.com

Perfect World Announces Second Quarter 2008 Unaudited Financial Results

BEIJING, Aug. 18 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced its unaudited financial results for the second quarter ended June 30, 2008.

Second Quarter 2008 Highlights(1) -- Total revenues were RMB334.4 million (USD48.8 million), an increase of 10.3% from 1Q08 and 157.8% from 2Q07 -- Gross profit was RMB293.3 million (USD42.8 million), an increase of 10.4% from 1Q08 and 182.2% from 2Q07 -- Operating profit was RMB166.0 million (USD24.2 million), an increase of 2.7% from 1Q08 and 204.7% from 2Q07 -- Net income was RMB164.5 million (USD24.0 million), an increase of 3.9% from 1Q08 and 214.1% from 2Q07 -- Basic and diluted earnings per ADS were RMB2.93 (USD0.43) and RMB2.76 (USD0.40), respectively, as compared to basic and diluted earnings per ADS of RMB2.83 and RMB2.67, respectively, in 1Q08, and basic and diluted earnings per ADS of RMB1.67 and RMB1.06, respectively, in 2Q07 -- Aggregate average concurrent users (ACU) for games under operation were approximately 619,000, as compared to 660,000 in 1Q08 and 446,000 in 2Q07 -- Active paying customers (APC) for games under the item-based revenue model were approximately 1,530,000, as compared to 1,701,000 in 1Q08 and 1,036,000 in 2Q07 -- Average revenue per active paying customer (ARPU) for games under the item-based revenue model was RMB188, an increase of 24.9% from 1Q08 and 92.2% from 2Q07 -- Launched closed beta testing for "Pocketpet Journey West," the Company's latest pet-themed 3D MMORPG, on June 26, 2008 -- Launched expansion packs for the Company's MMORPGs, including "Crown the World Throne" and "Samsara in the Six Realms" for "Zhu Xian," "Overlord of the Continent" for "Chi Bi" and "Burning Anger of the God's" for "Perfect World II" -- Held the "Innovation and Intelligence College Tour," a series of promotions at various colleges in a number of big cities in China, to provide innovative and interactive experience to online game players at college -- Entered into a new overseas licensing agreement in April 2008 with Soft-World International Corp. to license "Zhu Xian" in Taiwan, Hong Kong and Macau -- Entered into a new overseas licensing agreement in April 2008 with C&C Media Co., Ltd. to license "Zhu Xian" in Japan -- Entered into a new licensing agreement in May 2008 with Cubinet Interactive(s) Pte. Ltd. to license "Chi Bi" in Vietnam, Thailand, Malaysia and Singapore -- Entered into new licensing agreements in June 2008 with Taiwan Index Corporation Ltd. to license "Chi Bi" in Taiwan and Gamania Digital Entertainment (H.K.) Co., Ltd. to license "Chi Bi" in Hong Kong and Macau, both of which are subsidiaries of Gamania Digital Entertainment Co., Ltd, a major online game developer, publisher and operator in Taiwan -- Entered into a new licensing agreement in June 2008 with IP E-Game Ventures Inc. to operate "Zhu Xian" in the Philippines -- Launched "Perfect World II" in Brazil through Level Up! Interactive S.A. in May 2008 -- Launched "Perfect World II" in Russia Federation and other Russian speaking territories through Nival Online LLC in June 2008 -- Launched "Zhu Xian" in Taiwan, Hong Kong and Macau through Soft-World International Corp. at the end of June 2008 -- Established the Company's wholly owned U.S. subsidiary, Perfect World Entertainment Inc., in April 2008 -- Made a strategic investment in Chengdu Seasky Digital Entertainment Co., Ltd., a company principally engaged in the design and development of online games in China, in April 2008 (1) The U.S. dollar (USD) amounts disclosed in this press release are presented solely for the convenience of the reader. The conversion of Renminbi (RMB) into USD in this release is based on the noon buying rate in The City of New York for cable transfers in RMB per USD as certified for customs purposes by the Federal Reserve Bank of New York as of June 30, 2008, which was RMB6.8591 to USD1.00. The percentages stated are calculated based on RMB.

"We are pleased to report our continued strong growth in the second quarter of 2008, which came in line with our raised guidance," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "I believe our ability to enhance our game development platform, quickly introduce new games and expansion packs to the market, and diversify our product portfolio will further enhance the sustainability of our pipeline of games and continue to be a key growth driver for us. Our results were strong despite the impact of the Sichuan earthquake and the related three day suspension of our service. Because of this, our ACU and APC dropped, but we were actually able to increase our ARPU through a series of successful marketing campaigns and the launch of new expansion packs for 'Zhu Xian,' 'Chi Bi' and 'Perfect World II.' As a result, I believe our efforts helped to solidify our leading position in the domestic online game market."

"We successfully launched closed beta testing for 'Pocketpet Journey West,' our latest pet-themed 3D MMORPG in June 2008. Given the positive feedback we have received and to allow more online game players to enjoy this game, we also launched unlimited closed beta testing on July 17, 2008. We target to launch open beta testing at the end of third quarter or early fourth quarter of 2008. Developing a sustainable pipeline to capture the opportunities brought by the growth of the online game market continues to be our key strategic focus. We currently have five MMORPGs under development, including one that is expected to be launched by the end of 2008, and another that is expected to be launched at the end of 2008 or early 2009. In terms of overseas development, we signed a number of new licensing agreements in the past quarter, which extended the global reach of our products and demonstrated our commitment to expanding our business globally. Moreover, we plan to launch "Perfect World II" through our U.S. subsidiary in North America and we have scheduled the launch of closed beta testing on August 19, 2008. Our efforts to customize this game for the North American market are expected to facilitate its successful launch. I'm also pleased to announce that we are in the process of developing a Chinese literature website to provide online reading and related services. I believe this website will help create synergy within our business model, capture innovative ideas, and facilitate the growth of our online community. We remain committed to executing our growth strategies and I believe our continued stream of new game releases along with a steady flow of new expansion packs will not only strengthen our position as a leading player in the Chinese online game market, but also help position us in the long-term as a leading player in the global online gaming market."

Second Quarter 2008 Financial Results Total Revenues

Total revenues were RMB334.4 million (USD48.8 million) in 2Q08, an increase of 10.3%, or RMB31.3 million, from RMB303.2 million in 1Q08 and an increase of 157.8%, or RMB204.7 million, from RMB129.7 million in 2Q07.

Online game operation revenues were RMB299.4 million (USD43.6 million) in 2Q08, an increase of 13.2%, or RMB34.9 million, from RMB264.5 million in 1Q08 and an increase of 168.5%, or RMB187.9 million, from RMB111.5 million in 2Q07. The sequential increase in online game operation revenues was primarily attributable to a full quarter of revenue contribution from Chi Bi, the successful launch of expansion packs for some of the Company's existing MMORPGs and the positive market response from recent marketing campaigns. In addition, as the user base of the Company's games keep expanding while the accumulated number of inactive accounts has also continued to grow, in 2Q08 we began to enforce our rights to close a player's game account that has been inactive for 360 consecutive days. Revenues recognized from the inactive accounts were approximately RMB8.4 million in 2Q08. The Company will continue to implement this policy and recognize revenues from inactive accounts on a quarterly basis.

The ACU was approximately 619,000 in 2Q08, as compared to 660,000 in 1Q08 and 446,000 in 2Q07. The APC for games under the item-based revenue model was approximately 1,530,000 in 2Q08, as compared to 1,701,000 in 1Q08 and 1,036,000 in 2Q07. The ARPU for games under the item-based revenue model was RMB188 in 2Q08, an increase of 24.9%, or RMB37, from RMB151 in 1Q08 and an increase of 92.2%, or RMB90, from RMB98 in 2Q07. While ACU and APC decreased by 6.2% and 10.1% from 1Q08, which was mainly due to the Sichuan earthquake, the following three day suspension of game service, and the continued impact after the earthquake for a certain period of time, the Company still managed to increase ARPU by 24.9% through a series of successful promotions and the launch of new expansion packs for "Zhu Xian," "Chi Bi," and "Perfect World II."

Overseas licensing revenues were RMB35.0 million (USD5.1 million) in 2Q08, a decrease of 9.5%, or RMB3.7 million, from RMB38.7 million in 1Q08 and an increase of 92.6%, or RMB16.8 million, from RMB18.2 million in 2Q07. The decrease from 1Q08 was mainly due to a decrease in usage-based royalty fees from the Taiwan market, partially offset by an increase in initial license fee in relation to the launch of "Zhu Xian" in Taiwan, Hong Kong and Macau on June 30, 2008.

Cost of Revenues

The cost of revenues was RMB41.1 million (USD6.0 million) in 2Q08, an increase of 9.5%, or RMB3.6 million, from RMB37.5 million in 1Q08 and an increase of 59.6%, or RMB15.4 million, from RMB25.8 million in 2Q07. The increase from 1Q08 was mainly due to an increase in VAT and other related taxes, staff costs and server repair and maintenance expenses.

Gross Profit and Gross Margin

Gross profit was RMB293.3 million (USD42.8 million) in 2Q08, an increase of 10.4%, or RMB27.7 million, from RMB265.6 million in 1Q08, and an increase of 182.2%, or RMB189.3 million, from RMB103.9 million in 2Q07. Gross margin was 87.7% in 2Q08, as compared to 87.6 % in 1Q08 and 80.1% in 2Q07.

Operating Expenses

Operating expenses were RMB127.3 million (USD18.6 million) in 2Q08, an increase of 22.4%, or RMB23.3 million, from RMB104.0 million in 1Q08, and an increase of 157.3%, or RMB77.9 million, from RMB49.5 million in 2Q07. The sequential increase in operating expenses was mainly attributed to higher R&D expenses, sales and marketing expenses and general and administrative expenses.

R&D expenses increased by 34.6%, or RMB8.1 million, from RMB23.4 million in 1Q08 to RMB31.5 million (USD4.6 million) in 2Q08. This was primarily due to an increase in staff cost and share-based compensation associated with the expansion in Shanghai and Beijing.

Sales and marketing expenses increased by 21.7%, or RMB13.2 million, from RMB60.7 million in 1Q08 to RMB73.8 million (USD10.8 million) in 2Q08. This was largely due to an increase in advertising and promotional expenses associated with the launch of "Hot Dance Party" and the pre-launch of "Pocketpet Journey West," and an expansion of the promotional team on the ground at internet cafes across China.

General and administrative expenses increased by 10.3%, or RMB2.1 million, from RMB19.9 million in 1Q08 to RMB22.0 million (USD3.2 million) in 2Q08. This was primarily due to an increase in staff cost in connection with the newly established U.S. subsidiary and an increase in professional fees.

Operating Profit

Operating profit was RMB166.0 million (USD24.2 million) in 2Q08, an increase of 2.7%, or RMB4.4 million, from RMB161.6 million in 1Q08, and an increase of 204.7%, or RMB111.5 million, from RMB54.5 million in 2Q07.

Total Other Income

Total other income was RMB3.8 million (USD0.6 million) in 2Q08, an increase of 57.7%, or RMB1.4 million, from RMB2.4 million in 1Q08, and an increase of 381.3%, or RMB3.0 million, from RMB0.8 million in 2Q07. The increase from 1Q08 was primarily due to a decrease in realized foreign exchange loss of approximately RMB8.6 million, partially offset by a decrease in interest income of approximately RMB3.6 million and a one-time donation of RMB3.0 million to the Sichuan earthquake relief efforts in 2Q08. The lower foreign exchange loss and the drop in interest income were both primarily due to the lower U.S. dollar cash balance following the payments for the newly purchased office premises.

Income Tax Expense

Income tax expense was RMB5.3 million (USD0.8 million) in 2Q08, a decrease of 6.7%, or RMB0.4 million, from RMB5.6 million in 1Q08 and an increase of 82.2%, or RMB2.4 million, from RMB2.9 million in 2Q07. Income tax expense represents withholding income tax for overseas licensing revenues. The decrease from 1Q08 was mainly due to the decrease in overseas licensing revenues.

Net Income

Net income was RMB164.5 million (USD24.0 million) in 2Q08, an increase of 3.9%, or RMB6.1 million, from RMB158.4 million in 1Q08, and an increase of 214.1%, or RMB112.1 million, from RMB52.4 million in 2Q07. Basic and diluted earnings per ADS were RMB2.93 (USD0.43) and RMB2.76 (USD0.40), respectively, in 2Q08, as compared to basic and diluted earnings per ADS of RMB2.83 and RMB2.67, respectively, in 1Q08, and basic and diluted earnings per ADS of RMB1.67 and RMB1.06, respectively, in 2Q07.

Cash and Cash Equivalents

As of June 30, 2008, the Company had RMB1.1 billion (USD165.0 million) of cash and cash equivalents, a decrease of 28.8%, or RMB456.7 million, from RMB1.6 billion as of March 31, 2008. The decrease was mainly due to the payments of consideration for the acquisition of the new office premises, the cash outflow for investment in structured deposit, and the investment made in Chengdu Seasky Digital Entertainment Co., Ltd., partially offset by the net cash inflow generated from the Company's online game operations and overseas licensing.

Recent Developments Chinese Literature Website

The Company is in the process of developing a Chinese literature website to provide online reading and related services. The website is expected to help the Company capture innovative ideas, create synergy within its business model and facilitate the growth of the Company's online community.

Launched Unlimited Closed Beta Testing for "Pocketpet Journey West"

The Company launched unlimited closed beta testing for "Pocketpet Journey West" which allows users to buy in-game items on July 17, 2008.

Rolled Out New Expansion Packs

The Company launched "The Return of the Storm" expansion pack for "Legend of Martial Arts" on July 24, 2008, the "Hot Dance Party 2.0" expansion pack on August 5, 2008, the "Mazy Treasure Island" expansion pack for "Perfect World" on August 6, 2008, and the "Asura Battlefield" expansion pack for "Perfect World II" on August 13, 2008.

Scheduled to Launch "Perfect World II" through Perfect World Entertainment Inc. in North America

The Company will launch a localized version of "Perfect World II" through its wholly owned U.S. subsidiary, Perfect World Entertainment Inc., in North America in the name of "Perfect World International." The closed beta testing has been scheduled on August 19, 2008, while the game's official website has already been successfully launched.

Entered into New Overseas Licensing Agreements with Games-Masters.com Ltd. for "Perfect World II"

On July 24, 2008, the Company signed new licensing agreements with Games- Masters.com Ltd., a game operator in the United Kingdom, to license "Perfect World II" in around forty European countries.

Entered into a New Overseas Licensing Agreement with Cubinet Interactive(s) Pte. Ltd. for "Hot Dance Party"

On August 10, 2008, the Company entered into a new overseas licensing agreement with Cubinet Interactive(s) Pte. Ltd. to license "Hot Dance Party" in Vietnam, Thailand, Malaysia and Singapore.

Launched "Chi Bi" in Malaysia and Singapore through Cubinet Interactive(s) Pte. Ltd.

On August 6, 2008, "Chi Bi" was launched in Malaysia and Singapore through Cubinet Interactive(s) Pte. Ltd. and was introduced in Chinese.

Launched "Perfect World II" in Indonesia through PT. LYTO Datarindo Fortuna of Indonesia

On August 11, 2008, "Perfect World II" was launched in Indonesia through PT. LYTO Datarindo Fortuna of Indonesia.

Appointed Mr. Han Zhang as an Independent Director to the Company's Board of Directors

Mr. Han Zhang was appointed as an independent director to the Company's Board of Directors in July 2008. After the changes of the board of directors, Perfect World has met the requirement of the Nasdaq Stock Market, Marketplace Rules that a majority of the directors shall be independent directors. Perfect World's current board members are Mr. Michael Chi, founder, chairman and Chief Executive Officer, Mr. Ge Song, director, and three independent directors, Mr. Louis T. Hsieh, Dr. Bing Xiang and Mr. Han Zhang. The three independent directors are also members of the Company's audit committee.

Business Outlook

Based on the Company's current operations, total revenues for the third quarter of 2008 are expected to be between RMB368 million and RMB385 million. This represents an increase of 10% - 15% on a sequential basis and reflects the impact of domestic revenue growth, including new revenue from "Pocketpet Journey West," and an increase in overseas licensing revenue, which will include revenue from several expected commercial launches of the Company's games in various overseas markets.

The Company expects to launch open beta testing for "Pocketpet Journey West" at the end of third quarter or early fourth quarter of 2008. In terms of pipeline, the Company currently has five MMORPGs under development, including one that is expected to be launched by the end of 2008, and another that is expected to be launched at the end of 2008 or early 2009.

Conference Call

Perfect World will host a conference call and live webcast at 8:00 a.m. Eastern Daylight Time (EDT) (8:00 p.m., Beijing time) on Monday, August 18, 2008.

The dial-in details for the live conference call are as follows: -- U.S. toll free number: +1-866-362-4829 -- International dial-in number: +1-617-597-5346 -- China toll free number: 10-800-130-0399 Passcode: PWRD

A live and archived webcast of the conference call will be available on the Investor Relations section of Perfect World's website at http://www.pwrd.com/ .

A telephone replay of the call will be available after the conclusion of the conference call through 10:00 a.m. Eastern Daylight Time, August 25, 2008.

The dial-in details for the replay are as follows: -- U.S. toll free number: +1-888-286-8010 -- International dial-in number: +1-617-801-6888 Passcode: 63027279 About Perfect World Co., Ltd. ( http://www.pwrd.com/ )

Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed online games includes 3D massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi" and "Pocketpet Journey West;" and a 3D online casual game: "Hot Dance Party." While most revenues are generated in China, the Company's games have been licensed to leading game operators in a number of countries and regions in Asia, Europe and South America. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.

Safe Harbor Statements

This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the management's quotations and "Business Outlook" contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to develop and operate new games that are commercially successful, the growth of the online game market and the continuing market acceptance of our games and in- game items in China and elsewhere, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, our ability to maintain an effective system of internal control over financial reporting, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. All information provided in this press release and in the attachments is as of August 18, 2008, and Perfect World 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.

Perfect World Co., Ltd. Consolidated Balance Sheets Audited Unaudited Unaudited December 31, June 30, June 30, 2007 2008 2008 RMB RMB USD Assets Current assets Cash and cash equivalents 1,496,032,993 1,131,400,752 164,948,864 Short-term investments -- 50,000,000 7,289,586 Accounts receivable 16,796,527 19,016,592 2,772,462 Prepayments and other assets 22,112,949 40,938,393 5,968,479 Deferred tax assets 731,142 1,477,246 215,370 Total current assets 1,535,673,611 1,242,832,983 181,194,761 Non current assets Equity investments -- 20,442,737 2,980,382 Property, equipment, and software, net 107,331,206 168,533,256 24,570,754 Construction in progress -- 692,382,498 100,943,636 Intangible assets, net 1,723,048 1,214,489 177,062 Prepayments and other assets 20,283,302 6,032,581 879,500 Deferred tax assets 730,180 652,685 95,156 Total assets 1,665,741,347 2,132,091,229 310,841,251 Liabilities and Shareholders' Equity Current liabilities Accounts payable 23,464,378 67,638,032 9,861,065 Advances from customers 49,672,384 56,884,847 8,293,340 Salary and welfare payable 30,901,115 25,121,261 3,662,472 Taxes payable 13,374,892 18,966,567 2,765,168 Accrued expenses and other liabilities 14,175,638 25,549,193 3,724,861 Deferred revenues 123,310,935 188,445,878 27,473,849 Deferred government grants 1,100,000 1,450,000 211,398 Total current liabilities 255,999,342 384,055,778 55,992,153 Deferred revenues 19,365,787 17,663,835 2,575,241 Other long-term payable -- 28,000,000 4,082,168 Total liabilities 275,365,129 429,719,613 62,649,562 Commitments Shareholders' Equity Ordinary shares (US$0.0001 par value, 10,000,000,000 shares authorized, 91,309,730 Class A ordinary shares and 187,975,990 Class B ordinary shares issued and outstanding as of December 31, 2007; 77,810,480 Class A ordinary shares and 207,242,555 Class B ordinary shares issued and outstanding as of June 30, 2008) 221,081 222,772 32,478 Additional paid-in capital 1,124,169,036 1,146,215,203 167,108,688 Statutory reserves 29,919,175 29,919,175 4,361,968 Accumulated other comprehensive loss (31,771,062) (64,666,477) (9,427,837) Retained earnings 267,837,988 590,680,943 86,116,392 Total Shareholders' Equity 1,390,376,218 1,702,371,616 248,191,689 Total Liabilities and Shareholders' Equity 1,665,741,347 2,132,091,229 310,841,251 Perfect World Co., Ltd. Unaudited Consolidated Statements of Operations Three months ended June 30, March 31, June 30, June 30, 2007 2008 2008 2008 RMB RMB RMB USD Revenues Online game operation revenues 111,527,683 264,480,379 299,397,364 43,649,657 Overseas licensing revenues 18,179,553 38,680,078 35,015,395 5,104,955 Total Revenues 129,707,236 303,160,457 334,412,759 48,754,612 Cost of revenues (25,762,448) (37,541,866) (41,121,388) (5,995,158) Gross profit 103,944,788 265,618,591 293,291,371 42,759,454 Operating expenses Research and development expenses (10,899,521) (23,418,800) (31,513,638) (4,594,428) Sales and marketing expenses (32,289,398) (60,666,589) (73,823,711) (10,762,886) General and administrative expenses (6,291,902) (19,943,688) (21,996,244) (3,206,870) Total operating expenses (49,480,821)(104,029,077)(127,333,593) (18,564,184) Operating profit 54,463,967 161,589,514 165,957,778 24,195,270 Other income/(expenses) Investment loss -- -- (292,263) (42,610) Interest income 764,249 11,647,866 8,082,012 1,178,290 Others, net 25,544 (9,236,970) (3,988,788) (581,532) Total other income 789,793 2,410,896 3,800,961 554,148 Profit before tax 55,253,760 164,000,410 169,758,739 24,749,418 Income tax expense (2,892,291) (5,646,822) (5,269,372) (768,230) Net Profit 52,361,469 158,353,588 164,489,367 23,981,188 Cumulative unearned dividends of Series A Preferred Share (765,382) -- -- -- Net profit attributable to ordinary shareholders 51,596,087 158,353,588 164,489,367 23,981,188 Net earnings per share, basic 0.33 0.57 0.59 0.09 Net earnings per share, diluted 0.21 0.53 0.55 0.08 Net earnings per ADS, basic 1.67 2.83 2.93 0.43 Net earnings per ADS, diluted 1.06 2.67 2.76 0.40 Shares used in calculating basic net earnings per share 154,285,720 279,610,748 281,166,704 281,166,704 Shares used in calculating diluted net earnings per share 246,869,700 296,103,511 297,747,140 297,747,140 Total share-based compensation cost included in: Cost of revenues (30,956) (388,707) (674,389) (98,320) Research and development expenses (366,928) (2,840,305) (5,167,248) (753,342) Sales and marketing expenses (232,961) (729,651) (1,191,446) (173,703) General and administrative expenses (563,479) (3,956,386) (4,822,002) (703,008) Perfect World Co., Ltd. Unaudited Consolidated Statements of Cash Flows Three months ended June 30, March 31, June 30, June 30, 2007 2008 2008 2008 RMB RMB RMB USD Cash flows from operating activities: Net profit 52,361,469 158,353,588 164,489,367 23,981,188 Adjustments for: Share-based compensation cost 1,194,324 7,915,049 11,855,085 1,728,373 Depreciation and amortization expense 1,265,370 4,304,116 5,165,497 753,087 Exchange loss 372,415 10,345,689 1,743,894 254,245 Investment loss -- -- 292,263 42,610 Changes in assets and liabilities: Accounts receivable (3,354,185) (1,268,558) (1,268,471) (184,933) Current prepayments and other assets (15,605,811) (2,070,147) (14,541,991) (2,120,102) Deferred tax assets (146,831) (26,987) (662,787) (96,629) Non-current prepayments and other assets 45,428 (1,589,347) 467,091 68,098 Accounts payable 7,022,588 13,281,828 (10,230,826) (1,491,570) Advances from customers 8,122,347 66,227,911 (59,015,448) (8,603,964) Salary and welfare payable 6,241,361 (13,992,464) 8,203,906 1,196,062 Taxes payable 6,333,824 2,733,489 2,858,186 416,700 Accrued expenses and other liabilities 10,204,830 6,410,124 2,943,696 429,167 Deferred Revenues 19,869,151 45,138,179 18,569,486 2,707,277 Deferred government grants 1,500,000 -- 350,000 51,027 Net cash provided by operating activities 95,426,280 295,762,470 131,218,948 19,130,636 Cash flows from investing activities: Purchase of property, equipment and software (17,947,851) (166,168,554) (511,927,172) (74,634,744) Purchase of short-term investments -- -- (50,000,000) (7,289,586) Cash paid for equity investments -- -- (20,735,000) (3,022,991) Net cash used in investing activities (17,947,851) (166,168,554) (582,662,172) (84,947,321) Cash flows from financing activities: Exercise of share options -- 790,616 1,388,550 202,439 Net cash provided by financing activities -- 790,616 1,388,550 202,439 Effect of exchange rate changes on cash and cash equivalents (574,621) (38,362,024) (6,600,075) (962,236) Net increase/ (decrease) in cash 76,903,808 92,022,508 (456,654,749) (66,576,482) Cash and cash equivalents, beginning of the period 159,263,019 1,496,032,993 1,588,055,501 231,525,346 Cash and cash equivalents, end of the period 236,166,827 1,588,055,501 1,131,400,752 164,948,864 Supplemental disclosures of cash flow information: Cash paid during the period for income taxes (2,732,371) (5,508,722) (5,600,017) (816,436) For further information, please contact Perfect World Co., Ltd. Vivien Wang Investor Relations Officer Tel: +86-10-5885-1813 Fax: +86-10-5885-6899 Email: ir@pwrd.com http://www.pwrd.com/ Christensen Investor Relations Peter Homstad Tel: +1-480-614-3026 Fax: +1-480-614-3033 Email: phomstad@christensenir.com Jung Chang Tel: +852-2117-0861 Fax: +852-2117-0869 Email: jchang@christensenir.com

Perfect World Co., Ltd.

CONTACT: Perfect World Co., Ltd. - Vivien Wang, Investor Relations
Officer, +86-10-5885-1813, or fax, +86-10-5885-6899, or ir@pwrd.com;
Christensen Investor Relations - Peter Homstad, +1-480-614-3026, fax,
+1-480-614-3033, or phomstad@christensenir.com; Jung Chang, +852-2117-0861,
fax, +852-2117-0869, or jchang@christensenir.com, both for Perfect World

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

BVR Systems (1998) Ltd. Reports a Second Consecutive Profitable Quarter in Second Quarter of 2008

ROSH HA'AYIN, Israel, August 18 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTCBB: BVRSF.OB), a diversified world leader in advanced military training and simulation systems, today announced a net profit of $0.4 million or $0.00 per share for the second quarter of 2008, compared with a net loss of $1.1 million, or $0.01 per share for the second quarter of 2007.

For the first half of 2008, the net profit sums up to $0.9 million or $0.01 per share, compared with a net loss of $1.2 million, or $0.01 per share for the first half of 2007.

Revenues for the second quarter of 2008 were $6.6 million, compared with revenues of $2.9 million for the second quarter of 2007. The total revenues for the first half of 2008 are $14.2, compared with total revenues of $7.0 million for the first half of 2007.

Gross profit for the second quarter of 2008 was $2.0 million, compared with a gross profit of $0.3 million for the second quarter of the previous year.

Operating profit for the second quarter of 2008 was $0.3 million, compared with an operating loss of $1.1 million for the same period last year.

BVR's order backlog at the end of the second quarter of 2008 was approximately $64.6 million.

Mr. Ilan Gillies, BVR Systems' CEO, commented: "I am pleased with the fact that we are able to present a second consecutive profitable quarter. The strong growth of revenue and growth of backlog at the same time reflect strength in performance across the board. We start to see the fruits of the investment BVR made during the last few years in its product lines, new marketing strategy, excellence in the delivery of programs and the broadening of its installed customer base."

Mr. Aviv Tzidon, BVR System's Chairman of the board said that: "The strategy we set forth proves itself. The company is focused on its products, goals and target market niches where it has leverage and will continue to do so." "During the first half of 2008, Mr. Tzidon added, the company achieved more revenues than the entire 2007 while continuing the growth of new orders and backlog."

IFRS Reporting:

This condensed unaudited financial information has been prepared according to International Financial Reporting Standards ("IFRS"). The preparation of the financial information in accordance with IFRS resulted in changes to the accounting policies as compared with the previous financial statements prepared in accordance with generally accepted accounting principles in Israel ("Israeli GAAP"). The new accounting policies have been applied consistently to all periods presented in these condensed consolidated interim financial statements. They also have been applied in preparing an opening IFRS balance sheet at January 1, 2007 for the purposes of the transition to IFRSs, as required by IFRS 1. The impact of the transition from previous GAAP to IFRSs resulted mainly with an increase to operating expenses of $ 144 thousands, and $ 232 thousands for the six months ended June 30, 2007, and for the year ended December 31, 2007, respectively. The increase to the operating expenses was due to increased stock based compensation expenses and the increase in employees benefits cost for the reported periods. In addition, various balance sheet reclassifications were done in order to conform to the current period presentation.

BVR Systems (1998) Ltd., (OTCBB: BVRSF.OB) is a diversified world leader in advanced defense training and simulation systems. For more information, visit the Company's web site at http://www.bvrsystems.com/.

Safe Harbor

This press release contains forward-looking statements wihthin the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of BVR Systems' management and are subject to a number of factors and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These factors include but are not limited to the fact that the Company has experienced reductions in backlog; the Company has reported operating and/or net losses in the past and may report operating and/or net loses in the future, conditions in Israel affect the Company's operations and may limit its ability to produce and sell its products, changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition. For other factors that could cause BVR Systems' results to vary from expectations, please see the Company's reports filed from time to time with the SEC.

B.V.R. Systems (1998) Ltd. Consolidated Balance Sheet June 30 December 31 2008 2007 2007 $ thousands $ thousands $ thousands Unaudited Unaudited Audited Assets Cash and cash equivalents 2,169 1,663 1,520 Restricted bank deposits 6,606 1,307 1,434 Trade receivables 4,101 2,994 2,433 Other receivables 968 358 313 Inventories 1,322 2,021 1,322 Total current assets 15,166 8,343 7,022 Other non-current assets 2,445 952 2,136 Property, plant and equipment 904 963 880 Other assets, net 73 170 122 Total non-current assets 3,422 2,085 3,138 Total assets 18,588 10,428 10,160 B.V.R. Systems (1998) Ltd. Consolidated Balance Sheet June 30 December 31 2008 2007 2007 $ thousands $ thousands $ thousands Unaudited Unaudited Audited Liabilities Bank overdraft - 233 466 Short-term loans from bank and 120 620 620 other Trade payables 1,948 1,625 1,922 Excess of advances from customers over amounts recognized as revenue 11,341 1,203 3,591 Other payables 2,373 1,683 1,728 Income taxes payables - 435 - Provisions 59 83 84 Total current liabilities 15,841 5,882 8,411 Liability for employee severance 95 92 64 benefits, net Total non current liabilities 95 92 64 Total liabilities 15,936 5,974 8,475 Shareholders' equity Share capital 25,891 25,861 25,861 Additions paid-in capital 16,944 16,954 16,954 Accumulated deficit (40,183) (38,361) (41,130) Total shareholders' equity 2,652 4,454 1,685 Total liabilities and shareholders' 18,588 10,428 10,160 equity B.V.R. Systems (1998) Ltd. Consolidated Statements of Operations Six months ended Three months ended Year ended June 30, June 30, June 30, June 30, December 2008 2007 2008 2007 2007 $ thousands $ thousands $ thousands $ thousands $ thousands Unaudited Unaudited Unaudited Unaudited Audited Revenues: Sales 12,573 6,603 6,107 2,943 12,547 Royalties and 1,605 423 513 - 559 commissions Total revenues 14,178 7,026 6,620 2,943 13,106 Cost of sales 10,084 5,297 4,621 2,624 10,763 Inventory write - - - - 699 -off Total cost of 10,084 5,297 4,621 2,624 11,462 revenues Gross profit 4,094 1,729 1,999 319 1,644 Operating expenses: Research and 520 525 244 273 959 development Selling and 1,171 1,115 594 574 2,241 marketing General and 1,606 1,282 867 604 2,522 administrative Total operating 3,297 2,922 1,705 1,451 5,722 expenses Operating profit 797 (1,193) 294 (1,132) (4,078) (loss) Financial income *391 *121 271 36 *231 Financial expenses *(314) *(135) (153) (48) *(249) Financial income (expenses), net 77 (14) 118 (12) (18) Profit (loss) before taxes on income 874 (1,207) 412 (1,144) (4,096) Income tax expense - - - - - Net profit (loss) for the period 874 (1,207) 412 (1,144) (4,096) Profit (loss) per share: Basic profit (loss) per share (in $) 0.01 (0.01) 0.00 (0.01) (0.03) Diluted profit (loss) per share (in $) 0.01 (0.01) 0.00 (0.01) (0.03)

* Certain amounts of comparative data were reclassified in order to conform with the current period presentation.

Contacts: Ilan Gillies, CEO BVR Systems (1998) Ltd. Tel: +972-3-900-8000

BVR Systems (1998) Ltd.

CONTACT: Contacts: Ilan Gillies, CEO, BVR Systems (1998) Ltd. Tel:
+972-3-900-8000

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