DATATRAK International, Inc. Receives Notice from Nasdaq

CLEVELAND, Aug. 22 /PRNewswire-FirstCall/ -- DATATRAK International, Inc. , a technology and services company focused on global eClinical solutions for the clinical trials industry, today announced that it received a letter from The Nasdaq Stock Market ("Nasdaq"), dated August 18, 2008, notifying the Company that it does not currently comply with Nasdaq Marketplace Rule 4310(c)(3), which requires the Company to have, for continued listing on The Nasdaq Capital Market, a minimum of $2,500,000 in stockholders' equity or market value of $35,000,000 of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years. Accordingly, the Nasdaq staff is reviewing the Company's eligibility for continued listing on the Nasdaq Capital Market.

In order to facilitate its review, Nasdaq has requested that the Company provide, on or before September 3, 2008, a specific plan on how it will achieve and sustain compliance with all Nasdaq Capital Market listing requirements. The Company intends to timely file this plan with the Nasdaq staff. If, after the conclusion of its review process, the Nasdaq staff determines that the Company has not presented a plan that adequately addresses the issues noted in its letter dated August 18, 2008, then the Nasdaq staff will provide the Company with written notification that its common shares will be delisted from the Nasdaq Capital Market. At that time, the Company may appeal the decision to delist its common shares to a Nasdaq Listing Qualifications Panel.

About DATATRAK International, Inc.

DATATRAK International, Inc. is a worldwide technology company focused on the provision of multi-component eClinical solutions and related services for the clinical trials industry. The Company delivers a complete portfolio of software products that were created in order to accelerate clinical research data from investigative sites to clinical trial sponsors and ultimately the FDA, faster and more efficiently than manual methods or loosely integrated technologies. DATATRAK's eClinical software suite can be deployed worldwide through an ASP offering or in a licensed Enterprise Transfer model that fully empowers its clients. The DATATRAK software suite and its earlier versions have successfully supported hundreds of international clinical trials involving thousands of clinical research sites and encompassing tens of thousands of patients in 59 countries. DATATRAK International, Inc.'s product suite has been utilized in some aspect of the clinical development of 16 drugs and one medical device that have received regulatory approval from either the United States Food and Drug Administration or counterpart European bodies. DATATRAK International, Inc. has offices located in Cleveland, Ohio, and Bryan, Texas. Its common stock is listed on the NASDAQ stock Market under the ticker symbol "DATA". Visit the DATATRAK International, Inc. web site at http://www.datatrak.net/.

Except for the historical information contained in this press release, the statements made in this release are forward-looking statements. These forward- looking statements are made based on management's expectations, assumptions, estimates and current beliefs concerning the operations, future results and prospects of the Company and are subject to uncertainties and factors (including those specified below) which are difficult to predict and, in many instances, are beyond the control of the Company. Factors that may cause actual results to differ materially from those in the forward-looking statements include the limited operating history on which the Company's performance can be evaluated; the ability of the Company to continue to enhance its software products to meet customer and market needs; fluctuations in the Company's quarterly results; the viability of the Company's business strategy and its early stage of development; the timing of clinical trial sponsor decisions to conduct new clinical trials or cancel or delay ongoing trials; the Company's dependence on major customers; government regulation associated with clinical trials and the approval of new drugs; the ability of the Company to compete in the emerging EDC market; losses that potentially could be incurred from breaches of contracts or loss of customer data; the inability to protect intellectual property rights or the infringement upon other's intellectual property rights; the Company's success in integrating its acquisition's operations into its own operations and the costs associated with maintaining and/or developing two product suites; delisting of the Company's common shares from the Nasdaq Capital Market; and general economic conditions such as the rate of employment, inflation, interest rates and the condition of capital markets. This list of factors is not all-inclusive. In addition, the Company's success depends on the outcome of various strategic initiatives it has undertaken, all of which are based on assumptions made by the Company concerning trends in the clinical research market and the health care industry. The Company undertakes no obligation to update publicly or revise any forward-looking statement whether as a result of new information, future events or otherwise.

DATATRAK International, Inc.

CONTACT: Jeffrey A. Green, Pharm.D., FCP, Chief Executive Officer, x112,
or Ray Merk, Chief Financial Officer, x181, both of DATATRAK International,
Inc., +1-440-443-0082; or Neal Feagans, Investor Relations of Feagans
Consulting, Inc., +1-303-449-1184

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

Video: Level 3 to Provide Gavel-to-Gavel Live Video Coverage of the 2008 Democratic National ConventionVideo Network Services to Provide Virtual 'All-Access' Pass to Historic EventLive Online HD Video Streaming a Convention First

BROOMFIELD, Colo., Aug. 22 /PRNewswire-USNewswire/ -- Level 3 Communications, Inc. today announced that the company has finalized its preparations for the 2008 Democratic National Convention in Denver, August 25-28. As the official Live Video and Content Delivery Services provider, Level 3 will provide the video network infrastructure and services to support television broadcast and online viewing of the Convention throughout the four-day event.

To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/level3comm/34631/

Specifically, Level 3 will deliver: -- High-Definition (HD) and analog video feeds to national and international broadcast networks from the Pepsi Center and Invesco Field. -- Live video streaming to provide online event access for a global audience; live video streaming in HD is a Convention first. -- On-demand online video to enable viewers to watch Convention content according to their personal preferences. -- Web site caching to provide a high-quality end-user experience at http://www.demconvention.com/.

"The 2008 Democratic National Convention provides a showcase for our services and offers an important opportunity to use technology in new ways to provide millions of people with a virtual 'all-access' pass to this historic event," said Grant van Rooyen, president of Level 3's Content Markets Group. "Since 2004, the Internet has changed, conventions have changed and the public appetite for information has grown significantly. Level 3 is pleased to be supporting the Convention and helping more people to engage in the political process than ever before."

In preparation for the Convention, Level 3 has installed more than five miles of fiber optic cable to connect both the Pepsi Center and Invesco Field to the Level 3 network. Level 3 has also established fiber route diversity from each venue, redundant video encoding facilities and enhanced network security to ensure network performance throughout this event.

As an official provider for the Convention, Level 3 brings a long-standing history in support of live events and political coverage, including prior broadcast coverage of conventions, election debates and the annual State of the Union address.

The embedded video animates delivery of Convention services over the Level 3 network. The video animation and additional press kit information is available for media download at http://www.level3.com/DemConvention.

About Level 3 Communications

Level 3 Communications, Inc. is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit http://www.level3.com/.

Level 3 Communications, Level 3, the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC and/or its affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein are trademarks or service marks of their respective owners.

Forward-Looking Statement

Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to the company's ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Video: http://www.prnewswire.com/mnr/level3comm/34631 Level 3 Communications, Inc.

CONTACT: Media: Kimberly Tulp, +1-720-888-3675, or Chris Hardman,
+1-720-888-2292; Investors Contact: Valerie Finberg, +1-720-888-2501, Mark
Stoutenberg, +1-720-888-2518

Web site: http://www.level3.com/
http://www.level3.com/DemConvention
http://www.demconvention.com/

Ingram Micro Named Best Distribution and Support at CompTIA Two Years in a RowNorth America Distributor Earns the Votes of Solution Provider Attendees at CompTIA Conference

SANTA ANA, Calif., Aug. 22 /PRNewswire/ -- Ingram Micro Inc. today announced that the Computing Technology Industry Association (CompTIA) has awarded Ingram Micro North America with the 2008 "Best Distribution and Support" award at the annual CompTIA Breakaway conference for the second year in a row. CompTIA award winners were determined by the votes of nearly 1,200 resellers, VARs, and solution providers who attended the conference, which was held earlier this month in Orlando, FL.

"Ingram Micro really went the extra mile this year to sweep the CompTIA attendees off their feet and demonstrate the value they bring not only to our association, but solution providers and vendors alike," says John Venator, president and chief executive officer CompTIA. "Being named Best Distribution and Support just goes to show that Ingram Micro's dedication to partner enablement, support and demand generation is having a lasting impact on their channel partners. Congratulations to Brian Wiser and his entire North America team."

During the CompTIA conference, Ingram Micro presented a handful of solution provider breakouts focused on how to differentiate your brand, successfully market your services and maximize your public relations outreach. In addition, Ingram Micro's senior vice president of sales and vendor management for North America Brian Wiser, who also is the outgoing chairman of the board for CompTIA, served as an honored host of CompTIA's annual awards ceremony. During the ceremony, Wiser presented several industry accolades to attending solution providers, paid tribute to CompTIA's outgoing president and CEO John Venator, and was interviewed by comedian and actor Martin Short as Jiminy Glick.

"What's great about CompTIA is the association's advocacy of the IT channel and ongoing focus on enabling solution providers through best-in-class education and training," says Wiser. "We're thrilled to receive the Best Distribution and Support award two years running and want to say thank you to CompTIA for its tireless support of the IT channel and for recognizing Ingram Micro and the growing success of our partners."

As the industry's top distribution partner, Ingram Micro has earned a number of accolades from vendors, associations, influencers and solution providers. Earlier this year, Ingram Micro was named Distributor of the Year by both Samsung Information Technology Division and Cherry Electrical Products, and earned several distribution awards from Cisco including top recognition in both Asia-Pacific and Canada. The distributor was also presented with the Excellence in Giving and Techie award for the second year in a row at the 8th Annual BETA (Buffalo/Niagara Emerging Technology Awards) event for its philanthropic efforts.

"Our success has been and always will be measured by the success of our partners, which is why awards like these are so meaningful to us," concludes Wiser.

About CompTIA

The Computing Technology Industry Association (CompTIA) is the voice of the world's $3 trillion information technology industry. CompTIA membership extends into more than 100 countries and includes companies at the forefront of innovation; the channel partners and solution providers they rely on to bring their products to market and the professionals responsible for maximizing the benefits organizations received from their technology investments. For more information, please visit http://www.comptia.org/.

About Ingram Micro

As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves 150 countries and is the only broad-based global IT distributor with operations in Asia. Visit http://www.ingrammicro.com/.

Ingram Micro Inc.

CONTACT: Press, Marie Meoli of WhiteFox Marketing & Communications,
+1-714-680-0335, marie.meoli@whitefoxpr.com, for Ingram Micro

Web site: http://www.ingrammicro.com/
http://www.comptia.org/

Growing Popularity, Ubiquitous Broadband to Change the Face of Internet SearchNeXplore CMO Scott Grizzle: 'Search needs a facelift'

FRISCO, Texas, Aug. 22 /PRNewswire-FirstCall/ -- A recent survey conducted by PEW Internet & American Life Project (PIP) reveals that "almost half of all Internet users now use search engines on a typical day," an increase of 69% from 2002 when Pew Internet & American Life Project first tracked search activity. The PIP survey also finds that those who use broadband connections at home are "significantly more likely" to use search than those with a dialup connection.

According to Scott Grizzle, chief marketing officer for NeXplore Corporation, search's growing popularity and the proliferation of broadband will drive dramatic changes in the Internet search experience, particularly in how consumers interact with search engine results pages (SERPs).

Grizzle said, "Ubiquitous broadband has conditioned consumers to expect a more dynamic and engaging Internet experience. The search experience, for the most part, has not kept pace with the rest of the Internet. The days of serving up line after line of static text results are coming to an end. As popularity, familiarity and proficiency with Internet search grows, consumers will demand that search results pages have more video presentation and rich-media interaction, less drill down and deeper personalization. There's no question, Internet search is long overdue for a facelift."

For its part, NeXplore Corporation recently launched NeXplore Search (http://www.nexplore.com/), an innovative Web 2.0 search engine optimized for a superior end-user experience, rich-media display and social network integration. Currently open for public beta, NeXplore Search had more than one million unique visitors in both May and June of 2008 according to web-analytics company Compete.com.

About NeXplore Corporation

NeXplore Corporation (Pink Sheets: NXPC) improves the online experience by providing Web tools and destinations that empower people to drive and define a World Wide Web perfectly suited for their unique needs, interests and online pursuits. For advertisers, NeXplore offers a full array of search, display and interactive advertising products to reach and engage targeted consumers. For more information about NeXplore, visit http://www.nexplorecorporation.com/.

Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: our ability to commercialize a proprietary product, our ability to generate product sales and operating profits, potential vulnerability of technology obsolescence, potential competitive products by better capitalized companies, potential difficulty in managing growth, dependence on key personnel, and other risks which will be described in future company Securities and Exchange Commission filings.

Investor Contact: Media Contact: Scott Grizzle Rory Doherty (214) 432-0637 (214) 459-6321 sgrizzle@NeXplore.com rdoherty@NeXplore.com

NeXplore Corporation

CONTACT: investors, Scott Grizzle, +1-214-432-0637,
sgrizzle@NeXplore.com, or media, Rory Doherty, +1-214-459-6321,
rdoherty@NeXplore.com, both of NeXplore Corporation

Web site: http://www.nexplorecorporation.com/
http://www.nexplore.com/

EMC Velocity Partner Program Captures Highest Marks for Second Consecutive Year in Everything Channel's 2008 VARBusiness Annual Report CardCombination of EMC Industry-Leading Products, Robust Partner Program and Strong Execution Delivered Company of the Year for Network Storage and Storage Management Software Categories

HOPKINTON, Mass., Aug. 22 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, today announced that for the second consecutive year EMC has captured the highest marks and widened the gap between its competitors in the Network Storage and Storage Management Software categories of the 2008 Annual Report Card (ARC) from Everything Channel's VARBusiness. Now in its 23rd year, the VARBusiness ARC Awards recognize outstanding partner programs and superb vendor service in 18 major product categories. EMC received its Company of the Year Award in the Network Storage and Storage Management Software categories at the ARC awards ceremony held on August 18 at the Gaylord Texan Resort and Convention Center in Dallas.

Over the past year EMC continued to focus on enabling partners to successfully grow their business around EMC by delivering new industry-leading channel appropriate products, new programs to take advantage of the virtualization market opportunities and streamlining certification training time and requirements within the Velocity Authorized Services Network. As partner needs evolve, EMC remains committed to providing a robust partner program with the right rewards, tools and training required to support our important channel strategy.

"For 23 years we've asked Solution Providers to grade their vendor partners on criteria such as product quality and innovation, partner programs and support, and each year the results of these grades have created the VARBusiness Annual Report Card which reflects the level of commitment vendors have to the channel and to their Solution Provider partners. EMC's second consecutive year of taking the number one position in the Network Storage and Storage Management Software categories highlights how its big investments in the channel and strong execution over the past three years has propelled EMC to the top of the list," said Robert C. DeMarzo, senior vice president and editorial director, Everything Channel editorial.

Winners were selected by VARBusiness editorial based on the survey results of more than 5,000 systems integrators, IT consulting organizations, value-added resellers (VARs), solution providers and software developers.

"Capturing the number one position in the two categories EMC competes in for the second consecutive year and extending the gap between EMC and its competitors is a stamp of approval of our channel strategy," said Pete Koliopoulos, Vice President of EMC Channel Marketing. "EMC is honored to receive this prestigious award that is based on strong validation from our partners that the combination of our broad industry-leading product portfolio, robust Velocity Partner Program and our focus on consistent execution is helping our partners increase profits and deliver value to their customers."

About EMC

EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.

About VARBusiness (http://www.varbusiness.com/)

For the past 20 years, VARBusiness' strategic resources have been the gateway to the commercial and public sector (or government) Solution Provider community. The VARBusiness integrated platform of media opportunities provides strategic insight for technology integrators through industry-defining research, in-depth editorial, channel events and innovative Web services, enabling these IT professionals to make educated decisions for their businesses, partnerships and customers. VARBusiness offerings lead vendors and distributors to unprecedented access to the most powerful strategic Solution Providers in the market. VARBusiness has been the recipient of numerous industry awards for both editorial content and design.

Everything Channel (http://www.everythingchannel.com/, http://www.channelweb.com/)

Everything Channel, formerly CMP Channel, is the one-stop-shop for accessing, enabling and accelerating technology sales channels. From branding and recruiting to marketing and sales, Everything Channel offers technology marketers the unmatched breadth and depth of global brands and market intelligence combined with an unparallel audience loyalty and credibility serving all technology sales channels. Through innovative sales and marketing solutions, Everything Channel arms the sellers of technology with the resources they need to achieve measurable and significant results. Everything Channel is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

EMC is a registered trademark of EMC Corporation. All other trademarks are property of their respective owners.

EMC Corporation

CONTACT: Jennifer Dreyer of EMC Corporation, +1-508-293-7238,
dreyer_jennifer@emc.com; or Dan Neel of Everything Channel, +1-212-600-3326,
dneel@everythingchannel.com

Web site: http://www.emc.com/
http://www.varbusiness.com/
http://www.everythingchannel.com/

Stream Communications Reports Full Year 2007 Results

WARSAW, Poland, Aug. 22 /PRNewswire-FirstCall/ -- Stream Communications Network & Media Inc. (OTC Pink Sheets: SCNWF & FSE: TPJ) ("Stream"), a broadband cable company offering Cable TV, high-speed Internet and VoIP services in Poland, today announced audited results for the year ended December 31, 2007.(1)

Financial and Operational Highlights In Canadian dollars Financial Highlights 2007 2006 $ $ Revenue 7,376,978 6,472,905 Loss from Operations* (3,418,085) (3,117,236) Operational Highlights in revenue generating units -- RGUs Cable Television RGUs 60,700 58,673 Internet RGUs 7,684 5,716

* The 2006 Loss from Operations total differs from the amount reported in the 2006 full year results because Foreign exchange was reclassified to financial from operating items.

Stream's president, Mr. Jan S. Rynkiewicz, commented, "In 2007, in addition to continuing to integrate previously made acquisitions and continuing to improve the quality and service offering of the Stream Poland network, critical steps were taken to improve Stream Poland's ability to finance its future acquisition strategy and assure the longer-term viability of its business plan via the agreement with the central European private equity investor, Penta Investments. On closing of the agreement in early 2008, the Penta funding allowed Stream Poland to be recapitalized to provide operational liquidity and enabled Stream Communications to finance a new venture, via its subsidiary, Stream Investments.

"With the Penta agreement in place, Stream and Stream Poland have entered a new phase in their development. For Stream Poland, the foundation now exists to be able to grow more rapidly through acquisition, expanding its customer base and eventually achieving profitability. With each new household served on its network, we can reduce the cost per customer while we work to increase the number of revenue generating services that we provide to those customers. Stream Poland is continuing to improve its service offering, and has begun to implement a full rollout of telephony service in the second half of 2008.

"Finally, through the new venture Stream Investments, Stream Communications will be developing greenfield projects in the cable sector in Poland in areas outside of those served by Stream Poland, investing in enterprises that are at an earlier stage of development."

2007 FULL YEAR CONSOLIDATED RESULTS Revenues

Revenues for 2007 rose 14.0% to $7,376,978 from $6,472,905 in 2006, after adjusting for foreign exchange from Polish Zloty to Canadian dollars. The company increased its customer rates for services because programming and lease costs also increased during the period.

Table 2: Overall Expenses 2007 2006 $ $ Revenues 7,376,978 6,472,905 Operating expenses Programming and system lease 2,723,157 2,408,716 Payroll and related 2,685,838 2,363,858 Amortization 2,159,233 2,388,716 Management and professional fees (Note 21) 1,694,504 777,036 Office expenses 532,852 328,242 Travel and entertainment 432,040 292,364 Occupancy costs 289,217 276,486 Advertising and marketing 181,327 178,525 Investor relations 93,842 118,076 Loss on disposal of assets 3,053 16,013 Stock-based compensation (Note 13) - 232,586 Restructuring expenses (Note 16) - 209,523 10,795,063 9,590,141 Expenses

Overall expenses for the period increased 15% year over year, to $10,795,063, although the level of expenses as a percentage of revenue in 2007, 146%, remained stable when compared to 148% for the year-ago period.

A 13% rise in programming and system expense is related to the cost of programming provided to customers, due to the rollout of internet services and the purchase of additional bandwidth to accommodate new Internet service direct sales efforts. Subscriber service upgrades to premium programming packages also increased the cost of programming.

Payroll and related fees increased 14% from $2,363,858 to $2,685,838 due to one-time severance payments made in connection with the investment in Stream Poland made by Penta which closed in early 2008.

The 118% increase in management and professional fees and the 48% increase in travel and entertainment expense were also primarily attributable to the advisory services engaged and actions taken to assist in brokering the Penta agreement.

Results from Operations and adjusted EBITDA

Loss from operations (before amortization and other items) for 2007 was $3,418,085 compared to a loss of $3,117,236 for 2006. Loss before income taxes for 2007 improved to negative $3,229,669, from a loss of $4,044,794 in 2006, or an overall improvement of $815,125.

Adjusted EBITDA, defined as operating loss/earnings before amortization and write-down of capital assets, plus other income (expenses), was negative $1,255,799 versus negative $502,984 in 2006. The difference is primarily attributable to transactions with advisors engaged by the company to assist in the completion of the Penta investment which closed subsequent to the end of the year.

Table 3: Adjusted EBITDA 2007 2006 $ $ Revenue 7,376,978 6,472,905 Loss from Operations (3,418,085) (3,117,236) Add: Amortization 2,159,233 2,388,716 Add: Restructuring - 209,523 Add: Loss (gain) on disposal of assets 3,053 16,013 Adjusted EBITDA (1,255,799) (502,984)

* Adjusted EBITDA is a non-GAAP measure. The 2006 calculation of Adjusted EBITDA differed because it included the change in Loss from Operations noted on page 1, and a Loss (gain) on foreign exchange that has been reclassified to Financial Expenses/Income.

Net Loss

During the period the company recorded a net loss of $3,107,320. This was a $1,378,573 improvement from the $4,485,893 net loss in 2006.

LIQUIDITY AND CAPITAL RESOURCES

As of December 31, 2007, the company had a working capital deficit of $9,586,908, compared to a working capital deficit of $1,787,498 at December 31, 2006. The increase in the deficit of $7,799,410 in 2007 is linked directly to the Penta investment, which caused existing long-term debt of $6,166,566 to become payable upon completion of the transaction. Subsequent to the end of 2007, the debt was repaid.

To finance operations and investments in property, plant and equipment, in the course of the first nine months of 2007 the company made several private placements, raising a total of $1,191,028 through the issuance of 10,200,000 shares and an equivalent amount of warrants, each worth one half share, for a total of 5,100,000 additional shares.

KEY DEVELOPMENTS

In 2007 Stream Communications secured a preliminary investment agreement with Penta Investments which closed in February 2008 in which Penta purchased 51% of the equity of Stream Poland. The acquisition is expected to provide the company with the required financial backing to acquire other cable operators in Poland.

In the interim, the Company executed a bond offering in November 2007 to manage cash flow until the investment agreement with Penta was completed. The Company received the first tranche of PLN 9 million, which was repaid within two months of issue at a cost of $157,120.

In the course of 2007, Stream Poland noted some growth in its subscriber base in the existing networks and launched new Internet services. Its cable customers increased by 3% to 60,700, while Internet customers increased by 34% to 7,684.

Regarding the state of the cable industry in Poland in 2007, some maturing of the industry was noted, including more competition in Stream's three core services of cable TV, Internet and telephony. However, Stream Communications believes that internet and telephony services continue to be markets with room to grow, despite the fact that competition from telecom and other players in Internet and telephony services is expected to lead to lower rates in this market segment. If this development continues, it could also lead to higher expectations for subscribers for quality and service offerings, including HDTV and Voice on Demand, which will require significant future investment in infrastructure.

SUBSEQUENT EVENTS

In February 2008 the Penta Investments acquisition of 51% in Stream Poland closed, and the proceeds of the sale of Stream Poland shares enabled Stream Canada and Stream Poland to repay all external debt.

The Penta funding allowed Stream Poland to be recapitalized to provide operational liquidity, and enabled Stream Communications to finance a new venture, Stream Investments.

To date in 2008 Stream Poland has announced its intention to acquire one as yet unnamed northern Polish cable operator, currently expected to close in January 2009, on which due diligence is ongoing. The company also recently announced the closing of the acquisition of Southern Polish cable operator, Broker-Service sp z o.o. Assuming that these two acquisitions take place as expected, Stream Poland would acquire approximately 40,000 new subscribers, increasing its total subscriber base by 66%.

Stream Poland is also scheduling a launch of telephony on a commercial scale in the second half of 2008 which will complete its "triple play" (television, internet and telephony) service offering to all of its customers. The company continues to expect that offering triple play will enable it to increase revenue generating units (RGUs) while only marginally increasing costs, as the same infrastructure is used to provide all three services.

In May 2008 Stream Communications subsidiary, Stream Investments, entered into an agreement to purchase a new broadband network in Suwalki, northern Poland, and the acquisition is expected to close by May 2009.

The company will be reporting its results for the first and second quarters of 2008 ended March 31, 2008 and June 30, 2008 shortly. Further operational updates will be made at that time.

About Stream Communications

Stream Communications is a broadband cable company that offers cable TV, high-speed Internet and VoIP services in Poland. Stream Communications, together with Penta Investments, controls the 7th largest cable operator in Poland, Stream Communications Sp z o.o., focusing on the densely populated markets of Southern Poland. Via its wholly owned subsidiary Stream Investments Sp z o.o., Stream Communications is developing greenfield projects in the cable sector in Poland.

Safe Harbor for Forward-Looking Statement

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Stream Communications Network and Media Inc. has little or no control.

(1) Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with Canadian generally accepted accounting principles, and expressed in Canadian dollars.

- Financial Tables to Follow - Stream Communications Network & Media Inc. Consolidated balance sheet as at December 31, (Expressed in Canadian dollars) 2007 2006 $ $ Assets Current assets Cash and cash equivalents (Note 4) 682,859 764,544 Short-term investments 29,048 27,921 Accounts receivable, net (Note 5) 256,146 271,282 GST and VAT receivables 311,998 125,946 Prepaid expenses and other assets (Note 6) 195,948 125,702 Future income tax assets (Note 14) 286,586 24,837 1,762,585 1,340,232 Property, plant and equipment, net (Note 7) 12,894,445 11,741,717 Cable TV subscriber base (Note 8) 379,801 1,281,108 Other intangible assets (Note 9) - 78,992 Non-current advances (Note 10) 180,332 180,058 Deposit on acquisition (Note 22) 1,402,580 - 16,619,743 14,622,107 Liabilities Current liabilities Accounts payable and accrued liabilities 5,066,512 2,607,720 Deferred revenue 3,629 2,792 Bank, leasing and other financing (Note 11) 6,549,352 517,218 11,619,493 3,127,730 Bank, leasing and other financing (Note 11) 583,435 5,239,352 12,202,928 8,367,082 Non-controlling interest (Note 12) 923,525 985,922 Shareholders' equity Common shares (Note 13 (b)) Authorized 150,000,000 common shares of no par value Issued and fully paid 44,515,479 43,941,186 Contributed surplus 5,549,744 3,110,060 Warrants (Note 13 (c)) 2,002,699 3,825,648 Accumulated other comprehensive income 1,419,667 1,279,188 Accumulated deficit (49,994,299) (46,886,979) 3,493,290 5,269,103 16,619,743 14,622,107 All notes referred to correspond to the filing of the Stream Communications 2007 Financial Statements filed with SEDAR and the SEC. Stream Communications Network & Media Inc. Consolidated statement of operations and deficit year ended December 31, (Expressed in Canadian dollars) 2007 2006 $ $ Revenues 7,376,978 6,472,905 Operating expenses Programming and system lease 2,723,157 2,408,716 Payroll and related 2,685,838 2,363,858 Amortization 2,159,233 2,388,716 Management and professional fees (Note 21) 1,694,504 777,036 Office expenses 532,852 328,242 Travel and entertainment 432,040 292,364 Occupancy costs 289,217 276,486 Advertising and marketing 181,327 178,525 Investor relations 93,842 118,076 Loss on disposal of assets 3,053 16,013 Stock-based compensation (Note 13) - 232,586 Restructuring expenses (Note 16) - 209,523 10,795,063 9,590,141 Loss from operations (3,418,085) (3,117,236) Other income (expense) Standby guarantee (Note 15) - (798,289) Recovery of IPO expenses - - Financing (expense) income (231,743) 196 Interest expense (443,721) (297,852) Other income 26,727 74,805 Foreign exchange gain (loss) 837,153 93,582 Loss before income taxes (3,229,669) (4,044,794) Income tax (recovery) expense (Note 14) (162,809) 398,398 Loss before non-controlling interest (3,066,860) (4,443,192) Non-controlling interest (Note 12) 40,460 42,701 Net loss for the year (3,107,320) (4,485,893) Deficit, beginning of year (46,886,979) (42,401,086) Deficit, end of year (49,994,299) (46,886,979) Basic and diluted loss per common share (Note 17) (0.04) (0.08) Basic and diluted weighted average number of common shares (Note 17) 79,808,820 59,629,483 Stream Communications Network & Media Inc. Consolidated statement of cash flows year ended December 31, (Expressed in Canadian dollars) 2007 2006 $ $ Operating activities Net loss for the year (3,107,320) (4,485,893) Items not involving cash Amortization 2,159,233 2,388,716 Loss on disposal of property, plant and equipment 3,053 16,013 Unrealized foreign exchange (gain) loss (775,333) (11,916) Stock-based compensation - 232,586 Restructuring expenses - 76,378 Issuance of shares for services - 681,738 Non-controlling interest 40,460 42,701 Issuance of shares for standby guarantee fee - 798,289 Change in non-cash working capital Accounts receivable (170,315) 54,968 Prepaid expenses and other assets (197,454) (158,164) Accounts payable and accrued liabilities 1,280,830 (617,434) Future income taxes (261,711) (37,823) Deferred revenue 833 (14,515) (1,027,724) (1,034,356) Investing activities Purchase of property, plant and equipment (2,202,639) (1,499,949) Sale of property, plant and equipment 109,629 32,193 Purchase of short-term investments - (27,921) Acquisition of subsidiaries, net of cash acquired (Note 12) (319,145) - (2,412,155) (1,495,677) Financing activities Issuance of shares and warrants for cash 1,191,028 2,349,791 Subscriptions received for private placement - - Proceeds from loans and leasing contracts 6,885,410 855,213 Repayments of loans and leasing contracts (4,823,484) (378,715) 3,252,954 2,826,289 Foreign exchange effect on cash and cash equivalents 105,240 28,351 (Decrease) increase in cash and cash equivalents (81,685) 324,607 Cash and cash equivalents, beginning of year 764,544 439,937 Cash and cash equivalents, end of year 682,859 764,544 Accrued deposit on acquisition (Note 22) 1,402,580 - Supplemental cash flow information Interest received 13,622 10,195 Interest paid (223,260) (405,688) Income taxes paid (100,541) (55,564)

Stream Communications Network & Media Inc.

CONTACT: Iwona Kozak of Stream Communications, +48-22-842-7666; or Maura
Gedid of Breakstone Group for Stream Communications, +1-646-452-2335,
mgedid@breakstone-group.com

Verizon Wireless Opens New Retail Location in Amherst, New HampshireInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

AMHERST, N.H., Aug. 22 /PRNewswire/ -- In response to growing demand for the company's wireless voice and data products and services, Verizon Wireless has opened a new location in Amherst, New Hampshire. Located inside the Circuit City at 123 Route 101A, the Verizon Wireless 'store-within-a-store' is open Monday through Thursday 10:00 a.m. to 9:00 p.m.; Friday and Saturday 10:00 a.m. to 9:30 p.m.; and Sunday from 10:00 a.m. to 7:00 p.m. and can be reached at (603) 595-1506.

"This Amherst location provides increased customer service and shopping convenience to area residents," said Verizon Wireless District Manager Larry Flynn. "Increasing demand for Verizon Wireless' products, such as wireless broadband Internet, is driving our network and store expansions across New England."

Managed by Mike Ziweslin, the Amherst store features the full range of Verizon Wireless products and is staffed for sales and customer service, enabling customers to speak directly with Verizon Wireless' highly trained representatives about their wireless needs.

The new Amherst location represents just the latest in a series of Verizon Wireless retail expansions across New Hampshire. Earlier this month the company opened a store in Londonderry at 68 Nashua Road, and in June a new location at 611 Amherst Street in Nashua.

Verizon Wireless has invested more than $45 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested over $2.2 billion into its New England network, including over $100 million during the first six months of 2008. As a result of these investments, every Verizon Wireless cell site in New England provides wireless broadband connectivity.

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: Michael Murphy of Verizon Wireless, +1-781-932-1213,
Michael.murphy@verizonwireless.com; or Anne Elise O'Connor of Thomson
Communications, +1-617-548-2765, Aeoc@thomsoncommunications.com

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

Verizon Warns Consumers of Fraudulent Sweepstakes Improperly Using Verizon Name

NEW YORK, Aug. 22 /PRNewswire/ -- Verizon has alerted law enforcement agencies across the country that scam artists pretending to be affiliated with Verizon, are mailing letters to consumers falsely informing them that that they have won $750,000.

The letters state that to collect the prize, consumers must first pay a $3,200 "processing fee." Included in each letter is a bogus check for $4,500 to trick consumers into believing that they will be more than reimbursed for the fee.

The letters state that the check -- it misleadingly appears as if it were issued by Verizon -- is from the company and that "Verizon Financial" has authorized payment. However, the bogus checks were not authorized by Verizon and will not be honored by any bank.

Verizon is in no way responsible for these letters and has no connection whatsoever with this phony "sweepstakes." The letters and promises they make are a fraud designed to trick unwitting consumers into sending money to the unknown parties sending the letters.

The fraudulent letters also instruct consumers to call a "claims agent" to claim the promised $750,000. This "claims agent" will likely attempt to obtain personal information from the consumer.

Verizon is working with law enforcement agencies to help protect consumers and the company's customers. Verizon and law enforcement agencies encourage consumers to not attempt to cash the fake $4,500 checks and to not provide any personal information to the "claims agent."

Any consumer who receives one of these letters should report it to the United States Postal Inspection Service, using this link: http://postalinspectors.uspis.gov/forms/MailFraudComplaint.aspx.

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

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

Verizon

CONTACT: Bill Kula, APR, +1-972-718-6924, william.kula@verizon.com

Web Site: http://postalinspectors.uspis.gov/forms/MailFraudComplaint.aspx
http://www.verizon.com/
http://www.verizon.com/news

AUDIO from Medialink and Microsoft: Tools That Add Up to Better Learning

NEW YORK, Aug. 22 /PRNewswire/ -- Far too often, it's not just students who struggle to complete their homework; parents need help understanding their kids' assignments, too. Here's more info for parents on what it takes to make sure their children have all the tools they need to keep up in school.

Listen to this report from Microsoft at: http://media.medialink.com/WebNR.aspx?story=35486

Registered journalists can access video, audio, text, graphics and photos for free and unrestricted use at http://www.mediaseed.tv/.

08NY08-0023

Medialink and Microsoft

CONTACT: Medialink, New York, +1-888-560-5578, mediadesk@medialink.com

Web site: http://www.mediaseed.tv/
http://media.medialink.com/WebNR.aspx?story=35486

Wireless Phone Users in Fortville, Indiana, Now Experience Even Clearer Reception and Fewer Dropped CallsVerizon Wireless Activates New Cell Site

FORTVILLE, Ind., Aug. 22 /PRNewswire/ -- Verizon Wireless has activated a new cell site in Fortville that expands network coverage, enabling more customers to use their wireless phones concurrently to make voice calls; send and receive email and text, picture and video messages; access the Internet; view high-quality videos; and download music, games and ringtones, while enjoying clearer reception and fewer dropped calls.

The new cell site improves Verizon Wireless' voice and data network coverage in Fortville and along U.S. Route 36, State Road 13 and State Road 238 in northern Hancock County.

"Our customers choose Verizon Wireless and stay with us because we deliver on our commitment to provide the most reliable network," said Greg Haller, president-Indiana/Kentucky/Michigan Region, Verizon Wireless. "We'll continue investing in our network here in Indiana as well as across the nation so that our customers can rely on their wireless phones everywhere they go."

This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Indiana and throughout the country. Verizon Wireless 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. More than $931 million of this investment has been spent in Indiana since 2000. In 2007, the company invested more than $136 million in Indiana network improvements.

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: Michelle Gilbert of Verizon Wireless, +1-248-915-3680,
michelle.gilbert@verizonwireless.com; Kyle Niederpruem, for Verizon Wireless,
+1-317-509-7334, kyle@kylecommunications.com

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

Virgin Mobile USA Closes Acquisition of Helio

WARREN, N.J., Aug. 22 /PRNewswire-FirstCall/ -- Virgin Mobile USA, Inc. , a leading national provider of pay-as-you-go wireless services, today announced that it has completed its acquisition of Helio, a joint venture between SK Telecom and EarthLink, Inc. that complements Virgin Mobile USA's strengths through its specialization in highly advanced postpaid products and services. The acquisition was completed based on the terms and conditions outlined in Virgin Mobile USA's June 27, 2008 press release. All necessary regulatory approvals have been obtained.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE )

In connection with the acquisition, Helio shareholders SK Telecom and EarthLink and have received limited partnership units and shares equivalent to 13 million shares of Virgin Mobile USA Class A common stock, with a value of $38 million based on the average closing price of Virgin Mobile USA's Class A shares, as of two trading days before and two trading days after the date of announcement. In addition, SK Telecom and Virgin Group will each invest $25 million in Virgin Mobile USA for preferred shares.

Dan Schulman, Chief Executive Officer, Virgin Mobile USA, emphasized the benefits of the transaction to Virgin Mobile USA and the new opportunities for growth it creates. "Adding Helio's differentiated postpaid offer to Virgin Mobile USA's existing portfolio will expand both our market opportunity and our ability to deliver new products and services more rapidly," he said. "We believe this transformative transaction will bolster our leading position in the wireless space, and enable us to provide customers with whatever they need in wireless, always with our focus on great value, flexibility and customer service. We look forward to revealing our roadmap for expanded, innovative offers in the near future.

"This acquisition of Helio also comes with a number of financial benefits, including improved network rates from Sprint for Virgin Mobile USA, and strategic investments by SK Telecom and Virgin Group which improve our capital structure and increase liquidity," Schulman said.

Schulman said that the transaction provides Virgin Mobile USA with: -- a set of unique and differentiated data applications;

-- entry into the postpaid market, with a sophisticated billing and customer care platform;

-- approximately 170,000 Helio customers;

-- revised terms for the Sprint PCS Services Agreement [NYSE: S], expected to result in an 8% reduction in the Company's effective cost per minute in 2009;

-- reduction in net debt of approximately $35 - $40 million, through the investments of $25 million each by SK Telecom and Virgin Group in the form of preferred mandatory convertible stock at the price of $8.50 per share;

-- an increase to Virgin Mobile USA's total revolver from $75 million to $135 million, through additional commitments of $25 million by Virgin Group and $35 million by SK Telecom; and

-- the addition of SK Telecom as a strategic shareholder with two seats on the Company's Board of Directors.

A percentage of the equity issued and issuable in the transaction will be subject to escrow for one year to secure certain indemnification obligations. Additional information is available at http://investorrelations.virginmobileusa.com/.

About Virgin Mobile USA

Virgin Mobile USA, Inc. [NYSE: VM], through its operating company Virgin Mobile USA, L.P., offers more than five million customers control, flexibility and choice through monthly Plans Without Annual Contracts, with national coverage powered by the Sprint PCS network. With its pay-as-you-go plans and the addition of Helio's postpaid offerings, Virgin Mobile USA now provides consumers with the broadest range of wireless alternatives. Virgin Mobile USA's full slate of smart, stylish and affordable handsets are available at approximately 40,000 top retailers nationwide and online at http://www.virginmobileusa.com/, with Top-Up cards available at more than 140,000 locations. Virgin Mobile USA is known for its award-winning customer service, and its customers report a 90% satisfaction rate. Virgin Mobile USA allows customers to earn free minutes in exchange for viewing advertising content online through the innovative Sugar Mama program, and contributes a portion of profits from downloadable content to The RE*Generation, its pro-social initiative to help homeless youth.

About Helio

Helio, LLC, now part of Virgin Mobile USA, has built a reputation as the mobile brand for the Internet generation with advanced mobile services, exclusive high-end, connection devices like the Ocean, and integrated pricing on a nationwide high-speed 3G network. Helio was launched in 2006 as a joint venture between EarthLink and SK Telecom, one of the world's most advanced wireless carriers and now an investor in Virgin Mobile USA. For more information, visit http://www.helio.com/.

About SK Telecom

SK Telecom is the top wireless communication provider in Korea, where it has more than 22 million subscribers taking up more than 50% of the total market. The company established in 1984, reached KRW 11.28 trillion in revenue in 2007. SK telecom was the first to launch and commercialize CDMA, CDMA 2001x, CDMA EV-DO and HSDPA networks, and it currently provides cellular, wireless internet, mobile media, global roaming service and more. For more information, please visit http://www.sktelecom.com/ or email to press@sktelecom.com.

Safe Harbor Statement

This press release contains certain forward-looking statements and information relating to us that are based on the beliefs of our management as well as assumptions made by, and information currently available to, us. These statements include, but are not limited to, statements about our strategies, plans, objectives, expectations, intentions, expenditures, and assumptions and other statements contained in this document that are not historical facts. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project" and similar expressions, as they relate to us are intended to identify forward-looking statements. These statements reflect our current views with respect to future events, are not guarantees of future performance, and involve risks and uncertainties that are difficult to predict. Further, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate.

Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties discussed in our filings with the Securities and Exchange Commission, copies of which are available on our investor relations website at http://investorrelations.virginmobileusa.com/ and on the SEC website at http://www.sec.gov/. In addition, factors that could cause actual results to differ from those projected include, but are not limited to, the following: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement, (2) the inability to complete the transactions due to the failure to satisfy conditions to the completion of the transactions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, if applicable, and the failure to receive other required regulatory approvals, including approvals from the Federal Communications Commission, (3) risks that the proposed transactions disrupt current plans and operations and the potential difficulties in employee retention as a result of the transactions, (4) the ability to recognize the results of the transactions, (5) the amount of the costs, fees, expenses and charges related to the transactions, and (6) risks that Helio or any other companies we may acquire could have undiscovered liabilities, may strain our management capabilities or may be difficult to integrate.

We neither intend nor assume any obligation to update these forward- looking statements, which speak only as of their dates.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Virgin Mobile USA, Inc.

CONTACT: Media, Jayne Wallace, +1-908-607-4014,
jayne.wallace@virginmobileusa.com, or Investors, Erica Bolton,
+1-908-607-4108, erica.bolton@virginmobileusa.com, both of Virgin Mobile USA

Web site: http://www.virginmobileusa.com/
http://www.helio.com/
http://www.sktelecom.com/

China BAK to Raise $16 Million in Registered Direct Offering

SHENZHEN, China, Aug. 22 /Xinhua-PRNewswire-FirstCall/ -- China BAK Battery, Inc. ("China BAK" or "BAK") today announced that it has entered into definitive agreements with certain accredited investors to sell in a registered direct offering 4,102,564 million shares of its common stock at a price at $3.90 per share under its Form S-3 Registration Statement resulting in gross proceeds to the Company of $16 million, before deducting placement agent fees and expenses of the offering. In addition, the Company has issued to the investors a warrant to purchase 4,102,564 shares of common stock, in the aggregate, at a price of $3.90 per share for 60 days.

The closing is subject to certain customary closing conditions and is expected to occur early next week.

Proceeds from the offering will be used primarily to fund expansion of the Company's notebook cell lines.

About China BAK Battery, Inc.

China BAK Battery Inc. is one of the largest manufacturers of lithium- based battery cells in the world, as measured by production output. It produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, notebook computers and portable consumer electronics, such as digital media devices, portable media players, portable audio players, portable gaming devices and PDAs (Personal Digital Assistants). China BAK Battery, Inc.'s 1.9 million square foot facilities are located in Shenzhen, PRC, and have been recently expanded to produce new products. China BAK Battery, Inc. is the largest manufacturer of lithium-ion battery cells for China's cellular phone replacement battery market.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any jurisdiction. The shares of common stock may only be offered by means of a prospectus. Copies of the final prospectus supplement and accompanying base prospectus can be obtained from Brean Murray, Carret & Co., LLC (570 Lexington Avenue, 11th Floor, New York, NY 10022, fax +1-212-702- 6548), or from China BAK (BAK Industrial Park, No. 1 BAK Street, Kuichong Town, Longgang District, Shenzhen, 518119, People's Republic of China, fax +86-755- 89770014).

This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All "forward-looking statements" relating to the business of China BAK Battery, Inc. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ. These factors include but are not limited to: risks related to our business and risks related to operating in China. Please refer to our 10-K for specific details on our risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward- looking statements. The Company's actual results could differ materially from those contained in the forward-looking statements. The company undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

For more information, please contact: Tracy Li China BAK Battery, Inc. Tel: +86-755-8977-0093 Email: tracylee@bak.com.cn

China BAK Battery, Inc.

Contact: Tracy Li, Investor Relations Manager at +86-755-8977-0093, or
tracylee@bak.com.cn

Onstream Media Announces New Microsoft(R) Silverlight Webcasting Service

POMPANO BEACH, Fla., Aug. 22 /PRNewswire-FirstCall/ -- Onstream Media Corporation , a leading online service provider of live and on-demand digital media communications and applications, today announced that its Visual Webcaster platform will support Microsoft(R) Silverlight(TM) effective with the next version of Visual Webcaster scheduled for release in October, 2008. Silverlight is a cross-browser, cross-platform, and cross-device plug-in for delivering the next generation of media experiences and rich interactive applications for the Web. Silverlight is the technology currently supporting NBC's online video coverage of the Olympic games in Beijing, China.

Onstream is integrating the Silverlight technology with its leading Visual Webcaster platform, which already supports Windows Media, Real Media, QuickTime and Flash. Silverlight adds the functionality and flexibility of making the webcasts compatible with virtually any online device, including Apple based products, such as the Mac and all PC based systems.

Randy Selman, Onstream's CEO stated, "Onstream is committed to providing our growing customer base with the most robust and technologically advanced experience possible. We were eager to add Microsoft Silverlight, to our existing platform to enable faster startup and cross platform capabilities, and to provide the proven high video quality of Microsoft Windows Media technology. The addition of the Silverlight technology will further solidify the capabilities of our Visual Webcaster platform."

Microsoft stated in a recent press release, that they are experiencing, "an average of 1.5 million daily downloads of the Silverlight plug-in, and growing." Adoption of Silverlight around the world continues to accelerate momentum providing compelling online media experiences for consumers. As a result of the success of NBC's online video service at NBCOlympics.com, millions of online viewers have downloaded the Silverlight application and are now able to view any Silverlight based video content.

In addition, the Silverlight technology will also be integrated into Onstream Media's Digital Media Services Platform.

About Onstream Media:

Onstream Media Corporation is an online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user- generated content in combination with social networks and online video classifieds, utilizing Onstream Media's Auction Video(TM) (patent pending) technology. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.

Select Onstream Media customers include: AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Disney, National Press Club, NHL, MGM, PR Newswire, Televisa, BT Conferencing, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com/ or call 954-917-6655.

Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to, fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.

CONTACTS: Onstream Media: Investor Relations: Chris Faust Brett Maas FastLane Communications Hayden Communications 973-226-4379 646-536-7331 cfaust@fast-lane.net brett@haydenir.com

Onstream Media Corporation

CONTACT: Onstream Media, Chris Faust, FastLane Communications,
+1-973-226-4379, cfaust@fast-lane.net; Investor Relations, Brett Maas, Hayden
Communications, +1-646-536-7331, brett@haydenir.com, both for Onstream

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

Allscripts Files Definitive Proxy Statement and Announces Date for Annual Meeting of StockholdersStockholders to Vote on Transactions with Misys

CHICAGO, Aug. 22 /PRNewswire-FirstCall/ -- Allscripts Healthcare Solutions, Inc. ("Allscripts"), the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare, announced today that it filed a definitive proxy statement with the U.S. Securities and Exchange Commission on Thursday, August 21, 2008 in respect of the proposed transactions involving Allscripts, Misys plc ("Misys") and Misys Healthcare Systems LLC ("MHS"), a wholly owned subsidiary of Misys, as announced on March 18, 2008. Allscripts further announced that it will hold its annual meeting of stockholders on Monday, September 22, 2008, at 10:00 a.m. Central Time, to approve certain actions required to be taken by Allscripts in connection with the proposed transactions, among other matters. The meeting will be held at One South Dearborn Street, Chicago, Ill. For more information, please see the definitive proxy statement.

(Logo: http://www.newscom.com/cgi-bin/prnh/20061005/ALLSCRIPTSLOGO-b)

The Allscripts board of directors has approved the merger agreement with Misys and recommends approval of the share issuance and related transactions contemplated by the merger agreement by Allscripts stockholders. Completion of the transaction is subject to certain conditions, including approvals by the stockholders of Allscripts and the shareholders of Misys and other customary closing conditions. Subject to the satisfaction of these closing conditions, the transactions are expected to be completed on or about September 26, 2008.

About Allscripts

Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost. More than 40,000 physicians and thousands of other healthcare professionals in clinics, hospitals and extended care facilities nationwide utilize Allscripts to automate everyday tasks such as writing prescriptions, documenting patient care, managing billing and scheduling, and safely discharging patients, as well as to connect with key information and stakeholders in the healthcare system. To learn more, visit http://www.allscripts.com/.

Additional Information and Where to Find It

This communication is being made in respect of the proposed business combination involving a subsidiary of Allscripts and MHS, a wholly owned subsidiary of Misys. In connection with this proposed transaction, Allscripts has filed with the Securities and Exchange Commission (the "SEC") a definitive proxy statement. On August 22, 2008, Allscripts is mailing the definitive proxy statement and proxy card to its stockholders of record as of August 15, 2008. BEFORE MAKING ANY DECISION WITH RESPECT TO THE PROPOSED TRANSACTION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE PROPOSED TRANSACTION. Investors and security holders can obtain copies of Allscripts' materials (and all other offer documents filed with the SEC) when available, at no charge on the SEC's website: http://www.sec.gov/. Copies can also be obtained at no charge by directing a request for such materials to Allscripts at 222 Merchandise Mart Plaza, Suite 2024, Chicago, Illinois 60654, Attention: Lee Shapiro, Secretary. Investors and security holders may also read and copy any reports, statements and other information filed by Allscripts with the SEC, at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC's website for further information on its public reference room. Allscripts' directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitation of proxies from the stockholders of Allscripts in favor of the proposed transaction. Information about Allscripts, its directors and its executive officers, and their ownership of Allscripts' securities, is set forth in its definitive proxy statement for the 2008 Annual Meeting of Stockholders of the Company, which was filed with the SEC on August 21, 2008.

Forward-Looking Statements

This communication contains forward-looking statements. Those forward-looking statements include all statements other than those made solely with respect to historical fact. Forward-looking statements may be identified by words such as "believes", "expects", "anticipates", "estimates", "projects", "intends", "should", "seeks", "future", continue", or the negative of such terms, or other comparable terminology. Such statements include, but are not limited to, statements about the expected benefits of the transaction involving Allscripts, MHS and Misys, including potential synergies and cost savings, future financial and operating results, and the combined company's plans and objectives. In addition, statements made in this communication about anticipated financial results, future operational improvements and results or regulatory approvals are also forward-looking statements. Such forward-looking statements are subject to numerous risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Such factors may include, but are not limited to: (1) the occurrence of any event, development, change or other circumstances that could give rise to the termination of the merger agreement; (2) the outcome of any legal proceedings that have been or may be instituted against Allscripts, Misys or MHS and others following announcement of entering into the merger agreement; (3) the inability to complete the proposed transaction due to the failure to obtain stockholder or shareholder approval or the failure of any party to satisfy other conditions to completion of the proposed transaction; (4) risks that the proposed transaction disrupts current plans and operations and potential difficulties in employee retention as a result of the merger; (5) the ability to recognize the benefits of the merger; (6) legislative, regulatory and economic developments; and (7) other factors described in filings with the SEC. Many of the factors that will determine the outcome of the subject matter of this communication are beyond Allscripts', Misys' and MHS' ability to control or predict. Allscripts can give no assurance that any of the transactions related to the merger will be completed or that the conditions to the merger will be satisfied. Allscripts undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. Allscripts is not responsible for updating the information contained in this communication beyond the published date, or for changes made to this communication by wire services or Internet service providers.

Allscripts Healthcare Solutions, Inc.

CONTACT: Dan Michelson, Chief Marketing Officer, +1-312-506-1217,
dan.michelson@allscripts.com, or Todd Stein, Senior Manager|Public Relations,
+1-312-506-1216, todd.stein@allscripts.com, or Bill Davis, Chief Financial
Officer, +1-312-506-1211, bill.davis@allscripts.com, all of Allscripts
Healthcare Solutions, Inc.

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

Elephant Talk's Management and Insiders Add Another $6.3M to Company's Capital Account, With an Additional $1M Subscribed For

ORANGE, Calif., Aug. 22 /PRNewswire-FirstCall/ -- Elephant Talk Communications, Inc. (BULLETIN BOARD: ETAK) , an international telecom and multimedia content distributor, announced today that the company has received equity funding of $3 million. The funding is part of the equity financing announced by the company on July 8th, bringing total placement to date to $6.3 million. The latest round of financing brings management's and insiders' capital investment to over $30 million and represents their commitment to the success of the company. The company intends to use the capital for continued expansion of its proprietary global telecom network and infrastructure.

CEO of Elephant Talk, Steven van der Velden said: "Our commitment to our shareholders and to our operational objectives remains steadfast. We continue to pursue an acquisitions program that will expand our global footprint and position ET as the preferred telecom services provider and systems integrator for mobile virtual network operators."

About Elephant Talk Communications

Elephant Talk Communications is positioning itself as an international telecom operator and enabler/systems integrator to the multimedia industry by facilitating the distribution of all forms of content, as well as mobile and fixed-telecom services, to global telecommunications consumers. The company provides traditional telecom services, media streaming, and distribution services primarily to the business-to-business (B2B) community within the telecommunications market. Elephant Talk is also a systems integrator and developer for mobile telecom and content distribution solutions; and, as a Mobile Virtual Network Enabler (MVNE), the company has positioned itself as the premier outsourcing partner for both Mobile Network Operators (MNO's) as well as for Mobile Virtual Network Operators (MVNO's). Elephant Talk is positioning itself as the preferred MVNE partner of the larger, global Mobile Operators and currently operates sophisticated networks in over a dozen markets in Europe, Asia Pacific, and the Middle East.

Forward-Looking Statements

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

http://www.elephanttalk.com/

Elephant Talk Communications, Inc.

CONTACT: At the Company: Steven van der Velden, +31-20-653-59-16,
info@elephanttalk.com; or Investor Relations: RedChip Companies Inc., Jon
Cunningham, +1-800-733-2447, Ext. 107, info@redchip.com

Web Site: http://elephanttalk.com/

SIRIUS Satellite Radio Kicks Off Its Convention Coverage'SIRIUS Convention Radio' and 'SIRIUS Convention Radio En Espanol' will debut at Democratic National ConventionIn addition live broadcasts from the Democratic and Republican National Conventions hosted by SIRIUS personalities

NEW YORK, Aug. 22 /PRNewswire-FirstCall/ -- SIRIUS XM Radio announced today that its convention coverage on SIRIUS will kick off on Monday, August 25 from the Democratic National Convention in Denver, CO. The coverage will include two dedicated channels with live gavel-to-gavel coverage of all the days' speeches in English and Spanish translation. In addition, SIRIUS hosts Mark Thompson and Michelangelo Signorile will broadcast their daily shows live from inside the convention.

(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )

On Monday, September 1, SIRIUS will continue its extensive convention coverage from the Republican National Convention in Minneapolis-St. Paul. In addition to the convention radio channels, SIRIUS hosts Andrew Wilkow, Michelangelo Signorile and Cam & Company will broadcast their radio shows live from the convention.

Programming details for both the Democratic National Convention and Republican National Convention are as follows:

Democratic National Convention -- August 25 through August 28 SIRIUS Convention Radio -- channel 113 August 25 beginning at 12 am ET through August 28

The channel will carry live uninterrupted gavel-to-gavel coverage of convention speeches. In addition the channel will broadcast great moments in convention history as well as convention news and schedules.

SIRIUS Convention Radio En Espanol -- channel 119 August 25 beginning at 12 am ET through August 28

The channel will carry live real-time Spanish-language translation of all convention speeches.

Make it Plain with Mark Thompson on SIRIUS Left -- channel 146 August 25 through 28, 5 pm - 11 pm ET

SIRIUS host and Civil rights activist Mark Thompson will broadcast live daily from inside the convention with special guests and discussions about each day's news and convention speeches. The primetime broadcast will also feature major speeches live as they happen.

Michelangelo Signorile show on SIRIUS OutQ -- channel 109 August 25 through 28, 2 pm - 6 pm ET

Activist, author and SIRIUS host Michelangelo Signorile will broadcast live daily from the convention with special guest interviews and discussions about each day's news and convention speeches. SIRIUS OutQ is the nations only 24/7 channel dedicated to the gay, lesbian, bisexual and transgender communities.

Republican National Convention -- September 1 through September 4 SIRIUS Convention Radio -- channel 113 September 1 beginning at 12 am ET through September 4

The channel will carry live uninterrupted gavel-to-gavel coverage of convention speeches. In addition the channel will broadcast great moments in convention history as well as convention news and schedules.

SIRIUS Convention Radio En Espanol -- channel 119 September 1 beginning at 12 am ET through September 4

The channel will carry live real-time Spanish-language translation of all convention speeches.

The Wilkow Majority with Andrew Wilkow on SIRIUS Patriot -- channel 144 September 1 through 4, 12 pm - 3 pm ET

SIRIUS host Andrew Wilkow will broadcast daily live from the convention with special guests and breaking news from the convention floor as well as discussions about the previous night's speeches.

Michelangelo Signorile show on SIRIUS OutQ -- channel 109 September 1 through 4, 2 pm - 6 pm ET

Activist, author and SIRIUS host Michelangelo Signorile will broadcast live daily from the convention with special guest interviews and discussions about each day's news and convention speeches.

Cam & Company on SIRIUS Patriot -- channel 144 September 1 through 4, 9 pm - 12 am ET

Join Cam & Company from NRAnews.com as they bring you the latest news and speeches live from the convention floor.

For more information on SIRIUS' convention coverage, please visit http://www.sirius.com/politicaltalk.

About SIRIUS XM Radio

SIRIUS XM Radio is America's satellite radio company delivering the "The Best Radio on Radio" to more than 18 million subscribers, including 100% commercial free music, and premier sports, news, talk, entertainment, traffic and weather.

SIRIUS XM Radio has exclusive content relationships with an array of personalities and artists, including Howard Stern, Oprah, Martha Stewart, Jimmy Buffett, Elvis, Jamie Foxx, Barbara Walters, Frank Sinatra, Opie & Anthony, The Grateful Dead, Willie Nelson, Bob Dylan, Dale Earnhardt Jr., Tom Petty, and Bob Edwards. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball, NASCAR, NHL, and PGA Tour, and broadcasts major college sports.

SIRIUS XM Radio has exclusive arrangements with every major automaker. SIRIUS XM Radio products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, Circuit City, RadioShack, Target, Sam's Club, and Wal-Mart.

SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in- vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS' and XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. Actual results may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: general business and economic conditions; the performance of financial markets and interest rates; the ability to obtain governmental approvals of the transaction on a timely basis; the failure to realize synergies and cost-savings from the transaction or delay in realization thereof; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; and operating costs and business disruption following the merger, including adverse effects on employee retention and on our business relationships with third parties, including manufacturers of radios, retailers, automakers and programming providers. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' and XM's Annual Reports on Form 10-K for the year ended December 31, 2007, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov/). The information set forth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

P - SIRI Contacts for SIRIUS XM Radio: Neel Khairzada SIRIUS 212-584-5243 nkhairzada@siriusradio.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com SIRIUS XM Radio

CONTACT: Neel Khairzada of SIRIUS, +1-212-584-5243,
nkhairzada@siriusradio.com

Web site: http://www.sirius.com/
http://www.sirius.com/politicaltalk

Goldman Sachs and NEA Become Ideiasnet's Partners in Spring Wireless

RIO DE JANEIRO, Brazil, Aug. 22 /PRNewswire-FirstCall/ -- Spring Wireless (Spring), a leading company in mobile business solutions in Latin America, has just received a cash infusion of US$ 56 million from Goldman Sachs, the U.S. venture capital firm New Enterprise Associates (NEA) and Ideiasnet.

Spring was valued at US$ 110 million pre-money for this transaction and will have a post-money value of US$ 140 million. Using this valuation as the basis for calculation, the return for Ideiasnet shareholders since its investment in December 2004 is approximately 450%. Ideiasnet will continue to have a Board seat and will own 10.2% of Spring. It is the intention of the shareholders to take Spring public during 2009 through an IPO in the NASDAQ market.

The investment by NEA, the firm's first in Latin America, and Goldman Sachs is the kind of transaction that Ideiasnet is pursuing for its portfolio as well as future opportunities: "We hope that this investment in Spring is the first of many deals that we do with NEA, Goldman and other big foreign investors and venture capital funds involving Ideiasnet companies," said Luis Alberto Reategui, CEO of Ideiasnet.

SPRING WIRELESS - http://www.springwireless.com.br/

Spring Wireless, elected as the best software company in Brazil in 2007 by Exame magazine, the leading business publication in the country, is growing very strongly and expanding at a fast pace internationally, with a presence in 16 countries currently. The funds raised will be used to accelerate such growth and expansion and for future acquisitions.

GOLDMAN SACHS - http://www.gs.com/

Goldman Sachs, a global investment bank, leader in mergers and acquisitions, offers a broad set of services to a client base comprised of corporations, financial institutions, governments and high net worth individuals.

NEA - http://www.nea.com/

New Enterprise Associates, founded in 1978 in the Silicon Valley, California, is one of the largest and most traditional companies of venture capital in the United States that invests, among others, in technology companies. NEA has been responsible for over 160 IPOs of companies in the USA since its establishment.

IDEIASNET - http://www.ideiasnet.com.br/

Ideiasnet, a company whose shares are traded in the Bovespa (IDNT3), invests in companies operating in the Technology, Media and Telecommunications (TMT) sector. With the purpose of maximizing value for its shareholders, Ideiasnet helps the companies of its investment portfolio in defining strategies, financing, and mergers and acquisitions.

Ideiasnet RI - paola@ideiasnet.com.br Tel.: +55 21 3206-9234

Ideiasnet

CONTACT: Ideiasnet, IR, +011-5521-3206-9234, paola@ideiasnet.com.br

Cyberlux Continues to Penetrate National Guard With Sale of Cyberlux BrightEye Tactical LED Lighting SystemOklahoma National Guard Purchases Advanced Lighting System

RESEARCH TRIANGLE PARK, N.C., Aug. 22 /PRNewswire-FirstCall/ -- Cyberlux Corporation, (BULLETIN BOARD: CYBL) , a leading provider of LED lighting solutions, announced today that the Company has received purchase orders from the Oklahoma National Guard for BrightEye Tactical Illumination Systems. These BrightEye Systems are for immediate deployment and will be used by the state's National Guard unit.

Cyberlux has successfully sold its BrightEye Systems to 23 National Guard states within the National Guard Bureau, and the Company expects this momentum to continue until the majority of the states are outfitted with BrightEye tactical lighting systems.

"The steady flow of National Guard orders has provided Cyberlux with both market share within the National Guard community as well as an additional revenue and production stream in preparation for the $8 million in requirements we have already received from the United States Air Force," says Mark Schmidt, president and chief executive officer of Cyberlux Corporation. "The manufacturing and logistics planning that has gone into our production model for the variety of tactical lighting systems contained in the $8 million commitment has been tedious and time consuming, but enabling this capability was necessary in order to ensure the seamless rollout of such a large incremental military order. We have experienced suppliers in place, our facility is equipped and our employees are excited to deliver on such a large opportunity. We expect full delivery of all current military orders by early 2009," added Schmidt.

The BrightEye Systems are available through the General Services Administration (GSA) Federal Supply Schedule 56 for Specialty Lighting products under Cyberlux GSA Contract GS-07F-9409S.

About Cyberlux Corporation

Cyberlux Corporation (BULLETIN BOARD: CYBL) , a leader in solid-state lighting innovation, has developed breakthrough LED lighting technology that provides the most energy efficient and cost effective portable lighting solutions available today for military and commercial uses. The Military and Homeland Security products provide tactical covert and visible lighting capability and are designed as highly mobile, battery-powered lighting systems ideal for threat detection, force and asset protection and general expeditionary lighting needs. For more information, please visit http://www.cyberlux.com/.

Investor Contact: Richard Brown, rbrown@cyberlux.com / 617-314-7379

This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to expand its production capabilities concurrent with product orders. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2007 and its 10-Q for the quarter ended June 30, 2008. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Cyberlux Corporation

CONTACT: Investors, Richard Brown of Cyberlux Corporation,
+1-617-314-7379, rbrown@cyberlux.com

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

Borders(R) Opens New Concept Store at Mall of Louisiana in Baton RougeBreakthrough Retail Concept Store Opened to Public Aug. 21; Grand Opening Weekend Aug. 29 - 31

ANN ARBOR, Mich., Aug. 22 /PRNewswire-FirstCall/ -- Borders made national headlines in February when it launched its first-ever concept store in Ann Arbor, Mich. The breakthrough retail concept represents a significant enhancement over existing Borders stores inside and out and fulfills the company's mission to be a headquarters for knowledge and entertainment. The store blends digital and Internet options with a fresh new look, enriching in-store services, and a number of exciting features to create a uniquely satisfying customer shopping experience. Now, this new concept store is premiering in Baton Rouge. Borders opened the 25,000-square-foot store located in the Mall of Louisiana's newly constructed open-air wing, The Boulevard, located at Picardy Avenue and Bluebonnet Boulevard, Aug. 21. The Grand Opening weekend festivities will take place from Friday, Aug. 29 - Sunday, Aug. 31.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060208/BORDERSGRPLOGO )

"The opening of our initial concept store in Ann Arbor generated tremendous media attention including major stories in national newspapers and on television. We've had scores of retail executives from other companies, store designers, shopping center developers and publishers coming from around the nation to see the new store, as it truly is a breakthrough retail concept. It has been a huge success and customers love it," said Borders Group Chief Executive Officer George Jones. "We've stayed true to what our customers have always loved about Borders-deep and intelligent selection, knowledgeable staff, and a comfortable, welcoming atmosphere. Yet, we've brought a fresh new look and an exciting interactive dimension to the store with a Digital Center where customers can do everything from mix and make their own custom CDs, download audiobooks and music, publish their own books, and create photo books-all without being computer experts because we have trained people there to help every step of the way," he said.

"In addition, we've put a strong focus on popular categories-including Travel, Cooking, Wellness, Graphic Novels and Children's-by incorporating digital options and the online world, making these sections of the store interactive destinations where customers can not only shop our vast selection of books, but also take advantage of computer kiosks featuring recommendations from our expert buyers, related video content including interviews with experts and authors, and much more. In addition, in select destinations, there are large in-section LCD screens broadcasting a depth of content featuring some highly recognizable names in these subject areas, as well as Borders' own exclusive programs," Jones continued.

"Overall, this new concept store is a key part of our long-term strategic plan. We set out to differentiate Borders and give customers a reason to choose us over other retailers and we've achieved that goal spectacularly with this new concept store. I'm proud of what we've created and I'm thrilled with the way customers have embraced it."

Exterior Highlights

Beginning with the exterior of the concept store, shoppers will see that this new Borders makes a bold statement with an exterior boasting many windows and a large, illuminated and underlined red Borders logo. The store also features a cafe with a cozy outdoor seating area where customers can relax and visit with friends, read their favorite book, or simply enjoy the outdoors.

Fresh New Interior

Once inside, customers will immediately recognize that a new and exciting experience awaits them. Curved feature tables placed front and center greet customers with the latest book titles. A large round rotunda with faux skylights lends an artistic flair to the store, and the warm, neutral color scheme, cozy seating, and walnut- and ash-stained fixtures suggest comfort and an invitation for shoppers to stay as long as they like. Throughout the store, there are large, illuminated drums suspended from the ceiling that feature dazzling graphics and guide customers to destinations within the store. Overall, the layout remains conducive to exploration while also being extremely intuitive for customers to navigate with ease.

Digital Center

Dramatically distinctive against the neutral backdrop of the store is a new Digital Center marked by a three-dimensional, 12-foot fixture and sign package. Within the Digital Center there are multiple computer kiosks and stations dedicated to unique new services including music and audiobook downloading as well as mixing and making custom CDs through "Borders Digital Music," which features millions of titles to choose from. Since many Borders customers are authors looking to publish their own work, the Digital Center also includes "Borders Personal Publishing" powered by Lulu.com . Some customer-written books may eventually be sold in Borders stores and select customer authors could even host in-store signings. Photos are important to many Borders customers who can use "Borders Custom Photo Books" for special projects featuring family and friends.

Throughout the Digital Center, there are seats at the various computer stations where customers are encouraged to sit and take their time working on their projects. Importantly, Borders knows that not all customers are technologically savvy, so the company is staffing the Digital Center with trained, dedicated experts ready to guide customers of any technical level through the process to achieve their project goals.

In addition to the Digital Center, Borders has retained its popular computer information stations- "Borders Search"-to help customers locate titles within the store and outside of the store and learn about in-store events, among other services. As in existing Borders stores, these stations are located throughout the concept store allowing customers to help themselves.

Destinations: Travel, Cooking, Wellness, Graphic Novels and Children's

Certain categories within the new Borders concept store-Travel, Cooking, Wellness, Graphic Novels and Children's-are so popular and rapidly growing that Borders has designated them as special destinations within the new concept store-giving these categories their own "shop within a shop" look and feel. For example, in the Travel Destination, customers can not only choose from thousands of book titles, but will also find related items such as maps, GPS navigation systems, the Reader Digital Book from Sony(R), and portable DVD players that customers can use on their travels. Within the section, there is an interactive computer kiosk where customers can research, plan, and even book a trip in the store. On the kiosk, there is a "Borders Featured Destination" highlighting various U.S. and international locations, and customers can use the feature to learn everything about the locale they plan to visit, including Frommer's favorite experiences and upcoming events. For featured destinations, Borders also makes available on the kiosk an article written by travel expert Pauline Frommer who offers additional advice and tips for planning a trip to the destination.

In addition, the kiosk within the Travel Destination also features a "Borders Trip Recommender," teamed with Whatsonwhen and Frommer's, to provide customers with a list of suggested travel destinations based on preferences and criteria set by the shopper using a brief questionnaire regarding the type of trip desired and other parameters. The "Borders Trip Recommender" suggests potential destinations, and by clicking on recommended locations, customers will access related book, DVD and other resources selected by Borders' expert buyers to enrich the travel experience. Using the "Search and Book" feature on the kiosk from Sidestep.com , recently acquired by Kayak.com , customers can even book an entire trip online from the in-store kiosk. Within the Travel Destination, the new concept store also offers customers travel programming on a large LCD screen that features a mix of travel tips, guided visual tours, author interviews, and nature programming from locations around the world.

Similar deep selection and various interactive opportunities are available in the Cooking and Wellness Destinations, where customers can watch topical programming on the large in-section LCD screens and use the computer kiosks to learn about recommended titles and receive advice from the experts. In the Graphic Novels Destination, there is an amazing selection of titles as well as related gift items and even software that customers can purchase to create their own comic books.

In Children's -- a destination with thousands of book titles as well as music CDs, DVDs, toys, games and puzzles -- kids and their families will be impressed that Borders has divided the section into sub-categories including infants/toddlers/preschoolers, beginning readers (age 4-8), and early readers (age 7-9), which cater specifically to the very different interests and developmental levels of those age groups. In addition, in the new concept store, Borders has relocated the independent reader (age 10-12) section from Children's and given it its own separate area to appeal to older children.

Visually, children and adults will be captivated by a massive mural that spans three walls above the book shelves in the Children's section. Created exclusively for Borders by Australian author and illustrator Colin Thompson, the mural features incredibly intricate and colorful images of castles, underground cities, and flying books, among other images.

"Overall, customers need to know that there is something you offer as a retailer that they cannot find anywhere else," Jones said. "That's just what we are doing with these unique destinations within our concept stores. We are putting a stake in the ground when it comes to these categories by making the assortment and the experience so interactive and compelling, that customers will bypass competitors to come to us to shop within these key categories as well as the rest of the store."

About Borders Group, Inc.

Headquartered in Ann Arbor, Mich., Borders Group, Inc. , is a leading retailer of books, music and movies with more than 28,000 employees. Through its subsidiaries, the company operates more than 1,100 stores primarily under the Borders(R) and Waldenbooks(R) brand names and recently launched Borders.com for online shopping. For more information, visit http://www.borders.com/aboutus .

Photo: http://www.newscom.com/cgi-bin/prnh/20060208/BORDERSGRPLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Borders Group

CONTACT: Mary Davis, +1-734-477-1374, mdavis4@bordersgroupinc.com

Web site: http://www.bordersgroupinc.com/
http://www.borders.com/aboutus
http://lulu.com/
http://sidestep.com/
http://kayak.com/

Company News On-Call: http://www.prnewswire.com/comp/106169.html

Healthcare Tech and the World: A Discussion About Quality Initiatives Pioneered at Ascension HealthA Continuing Series of Podcasts from Perot Systems on the Impact of Technology in Healthcare

PLANO, Texas, Aug. 22 /PRNewswire-FirstCall/ -- Edition 21

Host: Dr. Kevin Fickenscher - Perot Systems' Executive Vice President, International Healthcare Guest: Dr. David Pryor, Chief Medical Officer for Ascension Health

Perot Systems (http://www.perotsystems.com/) continues its series of podcasts with a forward-looking discussion about the increasing role Information Technology will play in the transformation of healthcare. In this episode, Dr. Kevin Fickenscher discusses with Dr. David Pryor some very effective techniques that have improved the quality of care at Ascension Health.

The following quotes from Dr. Pryor are highlights of the podcast:

Regarding a team approach to care: "One of the biggest insights, is the statement that medicine is a team sport. Particularly on the in-patient setting, it seems to be about how the team is providing care, and it's no longer an individual sport," commented Dr. Pryor.

On the principle of 'subsidiarity': "We have a principle called subsidiarity, which means that the decisions should be made as close to where the actual process or issue is. It can be made so that decisions are not made at the highest levels of the organization, but at the actual levels of the organization that's most appropriate, where the most knowledgeable people are going to be making the right decision," stated Dr. Pryor.

These highlights along with several other powerful insights from Dr. Pryor can be found at the link below.

What: Healthcare Tech and the World: A Discussion About Quality Initiatives Pioneered at Ascension Health -- one of a series of podcasts presented by Dr. Kevin Fickenscher of Perot Systems When: This podcast will be available for download on August 22, 2008 Where: http://www.perotsystems.com/MediaRoom/podcasts Contact: Jonathan Moss +1 972-577-6395 jonathan.moss@ps.net

Information about Dr. David Pryor: David B. Pryor, MD, is the Chief Medical Officer for Ascension Health. He collaborates with an outstanding team of physician, nursing and executive leaders at Ascension Health and leverages the system's clinical expertise, resources and information technology to advance the system's agenda and help Ascension Health become a premier spiritually-based partner for health. A more detailed bio of Dr. David Pryor can be found at: http://www.ascensionhealth.org/about/national_leadership/david_pryor.asp

Information about Dr. Kevin Fickenscher: Dr. Fickenscher is a recognized senior physician executive and healthcare thought leader. He has extensive experience in healthcare management, and holds an international reputation as a dynamic, visionary, and strategic leader in the healthcare industry. Dr. Fickenscher's bio can be found at: http://www.perotsystems.com/speakers/Kevin_Fickenscher_MD.htm

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2007 revenue of $2.6 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/

This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

Video: http://www.perotsystems.com/MediaRoom/podcasts Perot Systems

CONTACT: Jonathan Moss, Perot Systems, +1-972-577-6395,
jonathan.moss@ps.net

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

Hollis and Buxton, Maine Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

HOLLIS, Maine, Aug. 22 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in York County, Verizon Wireless has activated a new cell site. The new site increases wireless voice and data coverage and capacity along Routes 202, 4, 117, 35, and 112 in Hollis and Buxton, Maine. The site also provides coverage to Hollis Center and the surrounding area.

Verizon Wireless has invested more than $45 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested over $2.2 billion into its New England network, including over $100 million during the first six months of 2008. As a result of these investments, every Verizon Wireless cell site in New England provides wireless broadband connectivity.

"We've always believed that even the most advanced cell phone is only as good as the network it runs on," said director for Network Systems Performance for Verizon Wireless, Richard Enright. "We continue to aggressively invest into our wireless networks across New England to increase coverage and capacity for our customers."

BroadbandAccess offers computer users the nation's most reliable high-speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps over Verizon Wireless' BroadbandAccess with EV-DO Revision A network. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones.

Strong demand for Verizon Wireless services continued during the second quarter of 2008 as the company added 1.5 million net new customers and, for the fifteenth consecutive quarter, reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.

The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high-population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

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: Michael Murphy of Verizon Wireless, +1-781-932-1213,
Michael.murphy@verizonwireless.com; or Anne Elise O'Connor of Thomson
Communications for Verizon Wireless, +1-617-548-2765,
Aeoc@thomsoncommunications.com

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

Lockheed Martin Interruption Technology Makes Debut on USS Sterett

CHERRY HILL, N.J., Aug. 22 /PRNewswire/ -- Lockheed Martin's Human Alerting and Interruption Logistics-Surface Ship (HAIL-SS) system has successfully transitioned from laboratory to platform as an integrated component on the newly commissioned USS Sterett DDG 104.

HAIL-SS increases a U.S. Navy warfighter's ability to handle high rates of alerts and interruptions without distraction, and it mediates between human users and various mechanisms that generate alerts in complex systems. It reduces rates of alerts through intelligent redirection and filtering, creates meaningful announcements of alerts, and leverages a human's cognitive talent to manage quick shifts in attention. HAIL-SS also provides context recovery to improve human performance when resuming tasks following interruption.

For the Aegis system, HAIL-SS enables workstation operators to quickly recognize and focus on critical alerts while simultaneously maintaining adequate situational awareness of high rates of other, less-important alerts. Operators can keep contact with critical information during high-volume, alert-based interruptions, such as those that occur during stressful combat conditions in an Aegis Combat Information Center.

HAIL-SS results from theory-based research conducted on human subjects between 1995-2000 at the U.S. Navy Center for Applied Research in Artificial Intelligence, Naval Research Laboratory. Lockheed Martin Advanced Technology Laboratories led a diverse government-industry team from 2002-2004 to further develop and mature HAIL-SS under the Knowledge Superiority and Assurance, Future Naval Capability program sponsored by the Office of Naval Research.

As builder of the Aegis weapon system, Lockheed Martin Maritime Systems and Sensors (MS2) started production of HAIL-SS in 2004 and led its transition into the Fleet under the direction of the Aegis Program office.

As a reusable, open-architecture software component, HAIL-SS has many potential applications, including non-military. Lockheed Martin MS2 will look to transfer it into programs like the Ship Self-Defense System for Amphibious Assault Ships, Littoral Combat Ships, and aircraft carriers.

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

For additional information on Lockheed Martin Corporation, visit our website: http://www.lockheedmartin.com/

Lockheed Martin

CONTACT: Stephen P. O'Neill of Lockheed Martin Corporation,
+1-856-792-9815, soneill@atl.lmco.com

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

Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/534163.html

Vista Partners Updates Coverage on Orbit International Corp. (NASDAQ: ORBT) $8.80 Target Price

LOS ANGELES, Aug. 22 /PRNewswire/ -- Vista Partners announced today that it has updated its coverage on Orbit International Corp. following the release of Orbit's second quarter earnings. Vista Partners issued a target price on Orbit of $8.80. Ross Silver, Director of Research of Vista Partners stated, "With the recently announced stock repurchase program and increasing positive cash flow from operations in the coming quarters we believe that our price target is conservative. We strongly believe Orbit is one of the best small cap investment opportunities investors will come across and we expect a strong second half of 2008." To download a FREE copy of the report, please visit the Vista Partners website, http://www.vistap.com/ and click on the download research icon.

About Vista Partners:

Vista Partners provides independent, equity research to institutional and individual investors, with a focus on publicly traded small capitalization companies. With offices in Los Angeles and San Francisco, Vista Partners is one of the fastest growing independently owned equity research firms. Vista Partners professional staff has backgrounds in finance, corporate communications and investment banking. More information is available at http://www.vistap.com/.

About Orbit International Corp.:

Orbit International Corp. is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications through its production facilities in Hauppauge, New York, Quakertown, Pennsylvania and Louisville, Kentucky. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and associated analytical equipment. The Behlman military division designs, manufactures and sells power units and electronic products for measurement and display.

Contact: Vista Partners LLC Jorden Lampos 310-744-5268 info@vistap.com http://www.vistap.com/

Vista Partners

CONTACT: Jorden Lampos of Vista Partners LLC, +1-310-744-5268,
info@vistap.com

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

SRS Labs to Present at the Kaufman Bros. 11th Annual Investor Conference

SANTA ANA, Calif., Aug. 22 /PRNewswire-FirstCall/ -- SRS Labs, Inc. , the industry leader in surround sound, audio and voice technologies, has been invited to present at the 11th Annual Kaufman Bros., L.P. (KBRO) Investor Conference to be held at the W Hotel on Lexington Avenue in New York, September 3-4, 2008.

Chairman and CEO Thomas C.K. Yuen and CFO Ulrich Gottschling are scheduled to present on Wednesday, September 3 at 4:00 p.m. Eastern Time. Management will address the latest trends in the industry for sound, audio and voice technology, and provide an update for the company. They will also discuss how a major new investment in expanding SRS brand recognition and technology adoption resulted in signing nine new major customers in the second quarter of 2008, including VIZIO, iSkin, Sling Media, and Harman Consumer Group.

For more information about the conference, go to http://www.kbro.com/forum_inv2008.html.

Kaufman Bros., L.P.

Founded in 1995 in response to growing investment community demand for specialization, Kaufman Bros. is a research-based, full-service investment bank, securities trading firm and brokerage operation serving the communications, media and technology universe. Drawing on a team of industry veterans and a strategic group of limited partners, Kaufman Bros. integrates financial, technical, operational, international and legal expertise to provide accurate and comprehensive analysis of industry trends to a range of communications, media and technology companies and professional investors. Kaufman Bros. focus on the communications, media and technology sectors provides us with the competitive advantage to separate us from the rest.

About SRS Labs, Inc.

Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of human auditory principals. Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS audio, surround sound and voice processing technologies have been included in over one billion electronic products sold worldwide including HDTVs, mobile phones, portable media devices, PCs and automotive entertainment. In fact, SRS Labs is the de-facto standard of HDTV audio processing with nine of the top ten name brand flat panel TVs featuring SRS technology. Additionally, SRS Labs surround sound solutions provide the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the US, China, Europe, Japan, Korea and Taiwan. For more information, visit http://www.srslabs.com/.

Company Contacts: Ulrich Gottschling Chief Financial Officer SRS Labs, Inc. Tel 949-442-5596 ir@srslabs.com Matt Glover Investor Relations Liolios Group Tel 949-574-3860 info@liolios.com

SRS Labs, Inc.

CONTACT: Ulrich Gottschling, Chief Financial Officer of SRS Labs, Inc.,
+1-949-442-5596, ir@srslabs.com; or Matt Glover, Investor Relations of Liolios
Group, +1-949-574-3860, info@liolios.com, for SRS Labs, Inc.

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

Motorola Releases Next Gen Push-To-Talk on CDMA 1x EVDO Rev ANext Generation Push-To-Talk over Cellular leverages EVDO Rev A to improve call setup performance for discriminating users

ARLINGTON HEIGHTS, Ill., Aug. 22 /PRNewswire-FirstCall/ -- Motorola, Inc. today announced that it has released its next generation Push-To- Talk over Cellular (PoC) solution, optimized for CDMA 1x networks equipped with EVDO Rev A data capability. This solution leverages the improved performance capabilities provided by the CDMA 1x EVDO Rev A standard including higher speed data rates, low call set-up time latency and quality of service (QoS).

Motorola's end-to-end Push-To-Talk over Cellular solution provides walkie- talkie like capability to mobile devices equipped with special PoC client software, connecting people to those they communicate with most. With the push of a button on their PoC-enabled handsets, both enterprise and personal users can connect directly with individuals or groups and quickly share information.

In today's time-pressed world, instant access to people at the push of a button can quickly translate to a signed deal for a small company or a fun- filled night on the town with college friends. Market research shows that customers would appreciate access to Push-To-Talk on a variety of mobile devices for use both at work and at play.

Motorola's next generation PoC solution provides competitive call set-up time performance with other PoC and proprietary solutions, "buddy list" availability, an open ecosystem to support a wide variety of mobile devices from multiple manufacturers equipped with the PoC client and access to the Internet to enable "push-to-X" features and services to complement basic PoC.

"Motorola's latest Push-To-Talk over Cellular release demonstrates our commitment to delivering innovative and relevant applications that enable service providers to offer both enterprises and consumers a truly competitive communications experience," said Mark Poulin, senior director, Push-To-Talk product management, Motorola.

For business users, this next generation Push-To-Talk system paves the way for new enterprise applications such as Push-To-Productivity and encrypted, PC-based dispatching, which will enable companies to enhance communication among employees, customers and suppliers.

About Motorola

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

MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners.

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

CONTACT: Media, Kathi Haas, +1-480-748-6456, kathi.haas@motorola.com; or
Industry Analyst, Kathy Wiesner, +1-847-875-0166, k.wiesner@motorola.com, both
of Motorola Home & Networks Mobility

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

Integra Telecom Taps Tollgrade's DigiTest(R) ICE(TM) Test Technology for System Wide Deployment

PITTSBURGH, Aug. 22 /PRNewswire-FirstCall/ -- Integra Telecom Inc., a facilities-based, integrated communications carrier for business, has selected Tollgrade Communications' broadband service assurance probe -- DigiTest(R) ICE(TM) -- for deployment in a system wide test initiative to further improve performance delivery for Integra's services. A first release of DigiTest ICE became generally available in the U.S. market earlier this summer.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO )

DigiTest ICE is Tollgrade's latest generation broadband service assurance test probe, which has been size and cost reduced to address the requirements of both Central Office-based services and next generation IP network remote cabinets. This solution is uniquely designed for installation at the remote FTTN site -- inside the cabinet -- placing it closer to the customer where it is able to segment faults between the access network and customer and visibility of the customer experience.

The compact ICE test probe is managed by Tollgrade's LoopCare(TM) Test OSS, a key software component of this deployment. It is designed to support a full suite of physical layer measurements and prequalification tests for ADSL and ADSL2+ service delivery.

"As Integra continues to grow, we are constantly striving to maintain our high standards of quality customer service and reliability across our entire system," said Steven Fisher, Integra's Vice President of Operations. "Upon completion, this test system will further ensure the service reliability of our entire network, a key metric of our customer service programs," he added.

"We worked closely with Integra to identify the right testing solution for its expanding footprint and service offerings," said Paul Lloyd, Tollgrade's Director of Product Management. "DigiTest ICE and LoopCare will provide the capability of identifying, validating and locating trouble sources in the customer's current and next generation telco networks, therefore reducing unnecessary service dispatches," he added.

This test system deployment initiative is expected to be completed before the end of 2008.

About Integra Telecom

Integra Telecom Inc. provides voice, data and Internet communications to thousands of business and carrier customers in 11 Western states, including: Arizona, California, Colorado, Idaho, Minnesota, Montana, Nevada, North Dakota, Oregon, Utah and Washington. The company owns and operates a best-in-class fiber-optic network comprised of metropolitan access networks, a nationally acclaimed tier one Internet and data network and a 4,700-mile high-speed long haul network. The company has earned some of the highest customer loyalty and customer satisfaction ratings in the telecommunications industry. Primary equity investors in the company include Warburg Pincus, Banc of America Capital Investors and Boston Ventures. Integra Telecom and Electric Lightwave are registered trademarks of Integra Telecom Inc. For more information, visit http://www.integratelecom.com/.

About Tollgrade

Tollgrade Communications, Inc. is a leading provider of network service assurance products and services for centralized test systems around the world. Tollgrade designs, engineers, markets and supports centralized test systems, test access and status monitoring products, and next generation network assurance technologies for the broadband marketplace. Tollgrade's customers range from the top RBOCs (Regional Bell Operating Companies) and Cable providers, to numerous independent telecom, cable and broadband providers around the world. Tollgrade's network testing, measurement and monitoring solutions support the infrastructure of cable and telecom companies offering current and emerging triple play services. Tollgrade, headquartered near Pittsburgh in Cheswick, Pa., and its products and customer reach span more embedded access lines than any other test and measurement supplier. For more information, visit Tollgrade's web site at http://www.tollgrade.com/.

Forward-Looking Statements

The foregoing release contains "forward-looking statements" regarding future events or results within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning the Company's current expectations regarding the Company's ability to introduce next generation network technologies into existing customer infrastructures and to execute its strategies. The Company cautions readers that such "forward-looking statements" are, in fact, predictions that are subject to risks and uncertainties and that actual events or results may differ materially from those anticipated events or results expressed or implied by such forward-looking statements. The Company disclaims any current intention to update its "forward-looking statements," and the estimates and assumptions within them, at any time or for any reason. In particular, the following factors, among others could cause actual results to differ materially from those described in the "forward-looking statements:" (a) the inability to gain market or specific customer acceptance of our new products within the customer base; (b) the inability to complete or possible delays in completing certain research and development efforts that may be required for product release, implementation and general availability; (c) our dependence upon a limited number of third party subcontractors to manufacture certain aspects of the products we sell, including the products which are the subject of this release; and (d) the inability to make changes in business strategy, development plans and product offerings to respond to the needs of the significantly changing telecommunications markets and network technologies.

Other factors that could cause actual events or results to differ materially from those contained in the "forward-looking statements" are included in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC") including, but not limited to, the Company's Form 10-K for the year ended December 31, 2007 and any subsequently filed reports. All documents are also available through the SEC's Electronic Data Gathering Analysis and Retrieval system at http://www.sec.gov/ or from the Company's website at http://www.tollgrade.com/.

(R) DigiTest is a registered trademark of Tollgrade Communications, Inc.

(TM) LoopCare and ICE are trademarks of Tollgrade Communications, Inc.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Tollgrade Communications

CONTACT: Bob Butter of Tollgrade, +1-412-820-1347, or Cell,
+1-412-736-6186, bbutter@tollgrade.com; or John Nee of Integra Telecom,
+1-503-453-8084, John.Nee@integratelecom.com

Web site: http://www.tollgrade.com/
http://www.integratelecom.com/

Company News On-Call: http://www.prnewswire.com/comp/849775.html

CCID Consulting: Sales Volume of China's MFPs Reaches 523,100 Sets in 2008Q2, Down 7.8% over 2008Q1

BEIJING, Aug. 22 /Xinhua-PRNewswire/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: 8235.HK), recently released its article on China's MFP market in 2008Q2.

In 2008Q2, the sales volume of China's multifunction peripheral (MFP) market reached 523,100 sets, down 7.8% over 2008Q1; the sales revenue reached 806 million Yuan, down 13.3% over 2008Q1. As for varying brands' sale, each brand's sales volume has reduced in different degrees, especially Lexmark, Panasonic, and Konica-Minolta, who decreased by over 24%.

Table Sales Volume and Sales Revenue Changes in 2008Q1and 2008Q2 Q1 Q2 Growth Rate Sales Volume (10,000 Sets) 56.71 52.31 -7.8% Sales Revenue (100 Million Yuan) 9.29 8.06 -13.3% Source: CCID Consulting, July 2008

CCID Consulting's data shows that the MFP sales volume across the whole market and segment markets in 2008Q2 reduced to different degrees. There are three major reasons behind this.

The first reason: market price sustained heavy pressure and RMB appreciation lead enterprises' cost to go up. Fund shortages became an inhibiting bottleneck in the development of enterprises, so enterprises with weak competitiveness were eventually eliminated. Responding to market pressure, enterprises cut down on costs and controlled purchasing, so MFP sales volume was damaged. CCID Consulting's survey shows that affected by cost up, MFP sales volume is down 4%.

The second reason: price changes are too frequent. CCID Consulting's survey shows that there are two problems bothering dealers in Q2: inflation of prices and frequent price changes. Many consumers hold wait-and-see attitude when they purchase MFP.

The third reason: market affected by the May 12th earthquake. The May 12th earthquake involved 18 cities in Sichuan, some areas in Gangsu, Shanxi and Chongqing. The damaged area is 100,000 square kilometers; people directly affected by the earthquake reached 10 million. This earthquake lead to interruption of traffic, communications and power supply, which had a great impact on enterprises' and users' normal work and life. This in turn affected MFP's sales volume. The Sichuan market in May had an obvious decrease.

As for certain brands, sales volume's downslide is in part self-inflicted inadequacy, such as with Lexmark, Panasonic and Konica-Minolta. During this period, market shares and sales have not been optimistic, with product upgrading being more gradual and preference towards single function peripherals as the major reasons.

With the unveiling of related national economic policies, governments have strengthened their monitoring of the economic situation. In addition, manufacturers have adjusted their strategies in a timely manner according to the market situation and condition. Because of the summer vacation promotion, the MFP market will be improved in next quarter.

About CCID Consulting

CCID Consulting Co., Ltd. (hereinafter known as CCID Consulting), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: 8235.HK), is directly affiliated with China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen, Wuhan and Chengdu, with over 300 professional consultants after many years of development. The company's business scope has covered over 200 large and medium-sized cities in China.

Based on major areas of competitiveness: industrial resources, information technology and data channels, CCID Consulting provides customers with public policy establishment, industry competitiveness upgrading, development strategy and planning, marketing strategy and research, HR management, IT programming and management. CCID Consulting's customers range from industrial users in electronics, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks. CCID Consulting commits itself to becoming the No. 1 advisor for enterprise management, the No. 1 consultancy for government decisions and the No. 1 brand for informatization consulting.

For more information, please contact: Cynthia Liu Coordinating Manager CCID Consulting Co., Ltd. Tel: +86-10-8855-9080 Email: liuyan@ccidconsulting.com

CCID Consulting Co., Ltd.

CONTACT: Cynthia Liu, Coordinating Manager, CCID Consulting Co., Ltd.,
+86-10-8855-9080, or liuyan@ccidconsulting.com

Building the Mediasite Enterprise: How the University of Maryland, Baltimore Developed the Infrastructure and Consensus for Campus-wide Lecture Capture

MADISON, Wis., Aug. 22 /PRNewswire-FirstCall/ -- Sonic Foundry, Inc. , the recognized market leader for rich media webcasting and knowledge management, will host a webinar featuring the vice president and chief information officer at the University of Maryland, Baltimore.

While getting everyone -- academic leadership, faculty, staff and students -- on the same page for any IT initiative can be a daunting task, the University of Maryland, Baltimore (UMB) has cracked the code for a successful campus-wide lecture capture initiative. In just a few years, this large research university, which is the University of Maryland's public academic health, human services, and law center, is now mediasiting lectures and other educational content in their professional and graduate schools: Law, Nursing, Pharmacy, Social Work, and the first Dental School in the world. Join Dr. Peter J. Murray, Vice President and Chief Information Officer at UMB, as he reveals his secret formula for modeling the infrastructure, licensing and distributed ownership of their unprecedented enterprise deployment of Mediasite.

Discussion will include: -- UMB's step-by-step process for deciding to standardize on Mediasite for lecture capture, including their criteria for an enterprise agreement, techniques for building consensus among many groups and what Murray considers the number one ingredient for success -- the benefits of the Mediasite Enterprise Agreement -- an overview of UMB's Mediasite enterprise architecture, including the roles and responsibilities within each school and the central IT office -- proven tactics for overcoming obstacles to campus-wide implementation -- issues to consider before, during and after launch, including the biggest surprise Murray experienced along the way Featured Presenter:

Dr. Peter J. Murray has been the Vice President and Chief Information Officer at the University of Maryland, Baltimore since January 2002. He oversees the Center for Information Technology Services, which develops and maintains mission-critical enterprise systems and technologies for the University. Dr. Murray is also responsible for overseeing and coordinating campus-wide information technology, including policies, committees and the overall strategy for the University.

Moderator: Sean Brown, Vice President of Education, Sonic Foundry When: Live webinar Tuesday, August 26 at 10 a.m. Central. Also available on demand. Where: To register for this complimentary online webinar, visit: http://www.sonicfoundry.com/register. About Sonic Foundry(R), Inc.

Founded in 1991, Sonic Foundry is the recognized market leader for rich media webcasting and knowledge management, providing education and training solutions and services that link an information-driven world. Based in Madison, Wisconsin, the company has received numerous awards including the 2007 Frost & Sullivan Global Market Leadership Award, Ziff Davis Media's Baseline Magazine's sixth fastest-growing software company with sales under $150 million and Deloitte's Technology Fast 500. Named a Bersin & Associates 2007 Learning Leader, Sonic Foundry's webcasting and knowledge management solutions are trusted by education institutions, Fortune 500 companies and government agencies for a variety of critical communication needs. Sonic Foundry is changing the way organizations communicate via the web and how people around the globe receive vital information needed for education, business, professional advancement and safety. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.

Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Sonic Foundry's products, its ability to succeed in capturing significant revenues from media services and/or systems, the effect of new competitors in its market, integration of acquired business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.

Sonic Foundry, Inc.

CONTACT: Tammy Kramer of Sonic Foundry, Inc., +1-608-237-8592,
tammyk@sonicfoundry.com

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

SkillSoft Reports Second Quarter Fiscal 2009 Results and Raises Full Year Fiscal 2009 Financial Targets- Second Quarter Revenue of $83.3 Million and Net Income of $12.9 Million- Second Quarter Diluted EPS of $0.12- Second Quarter Adjusted EBITDA of $28.8 Million- Reduced Debt by $30.5 Million in the Second Quarter and Repurchased 1.5 Million Shares for $15.0 Million- Cash, Restricted Cash and Investments of $85.9 Million

NASHUA, N.H., Aug. 22 /PRNewswire-FirstCall/ -- SkillSoft PLC , a leading Software as a Service (SaaS) provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses, today announced financial results for its second fiscal quarter of fiscal 2009.

Fiscal 2009 Second Quarter Results

The Company reported total revenue of $83.3 million for its second quarter ended July 31, 2008 of its fiscal year ending January 31, 2009 (fiscal 2009), which represented a 17% increase over the $71.5 million reported in its second quarter of the fiscal year ended January 31, 2008 (fiscal 2008). The Company's total deferred revenue at July 31, 2008 was approximately $166.6 million as compared to approximately $143.7 million at July 31, 2007. The 16% increase in deferred revenue reflects growth in order intake and billings from SkillSoft's core business.

On a US generally accepted accounting principles (US GAAP) basis, the Company's net income was $12.9 million, or $0.12 per diluted share, for the second quarter of fiscal 2009. Net income for the second quarter of fiscal 2009 includes income from discontinued operations (net of tax) of $2.1 million, or $0.02 per basic and diluted share, resulting from proceeds received in the second quarter of fiscal 2009 from the Company's sale of the assets related to the NETg Press business in October 2007. SkillSoft reported net income of $12.4 million, or $0.11 per diluted share, for the second quarter of fiscal 2008. Net income for the second quarter of fiscal 2008 includes a non-cash tax benefit from continuing operations of approximately $11.0 million, or $0.10 per diluted share, resulting from a $25 million deferred tax valuation allowance reduction which was partially offset by tax adjustments resulting from the purchase accounting for the NETg acquisition. The Company's US GAAP net income includes the following:

Acquisition and integration related expenses:

-- Merger related integration costs of $0.2 million in the second quarter of fiscal 2009 as compared to $8.5 million in the second quarter of fiscal 2008. The Company does not anticipate incurring significant additional merger related integration costs associated with the NETg acquisition going forward.

-- Income from discontinued operations, net of tax, of $2.1 million in the second quarter of fiscal 2009 resulting from the proceeds received from the Company's sale of the assets related to the NETg Press business in October 2007 as compared to income from discontinued operations, net of tax, of $0.5 million in the second quarter of fiscal 2008.

Non-Cash Charges:

-- Stock based compensation expense of $1.5 million in the second quarter of fiscal 2009 as compared to $1.3 million in the second quarter of fiscal 2008.

-- Depreciation and amortization expense of $1.4 million in the second quarter of fiscal 2009 as compared to $2.3 million in the second quarter of fiscal 2008.

-- Amortization of intangible assets of $4.5 million in the second quarter of fiscal 2009 as compared to $5.5 million in the second quarter of fiscal 2008.

-- Amortization of deferred financing costs of $0.4 million in the second quarter of fiscal 2009 as compared to $0.2 million in the second quarter of fiscal 2008.

-- Non-cash provision for income tax of $5.8 million in the second quarter of fiscal 2009 as compared to a non-cash $11.0 million income tax benefit in the second quarter of fiscal 2008.

"Our results for the fiscal 2009 second quarter and the first half of fiscal 2009 came in ahead of the revenue and EPS ranges we targeted, and we are encouraged by our performance. The better than targeted performance was attributable to the strength of our core business, and gives us the confidence to set our financial expectations higher for our 2009 fiscal year," said Chuck Moran, President and Chief Executive Officer. "We also obtained a favorable ruling from the Irish courts relative to our proposed capital reduction and successfully negotiated the flexibility desired from our lenders to enable us to continue to execute our share repurchase program. As a result, we anticipate using our cash for the remainder of this fiscal year to reduce debt and continue to execute our share repurchase program," commented Moran.

Gross margin increased to 86% for the Company's fiscal 2009 second quarter as compared to 85% for the fiscal 2008 second quarter. Gross margin for both the fiscal 2009 and fiscal 2008 second quarters includes amortization of intangible assets related to acquired technology and capitalized software development costs of $1.7 million. The intangible asset amortization reduced gross margin in both periods by approximately 2%.

Cost of revenue in the fiscal 2009 second quarter increased compared to the fiscal 2008 second quarter primarily due to additional royalty expense resulting from increased revenue. Also included in cost of revenue are expenses related to the transition of NETg's customers to the SkillSoft hosting platform. We expect to incur a lower amount of hosting and infrastructure expenses in the third quarter of fiscal 2009, during which we expect the transition to be completed. The gross margin is impacted mainly by the mix of royalty-bearing content and the costs incurred to augment the hosting capacity needed to meet our existing and new customer solution requirements.

Research and development expenses increased to $12.5 million in the fiscal 2009 second quarter from $11.4 million in the fiscal 2008 second quarter, but decreased as a percentage of revenue to 15% in the second quarter of fiscal 2009 as compared to 16% in the second quarter of fiscal 2008. The increase in research and development expenses was primarily due to the addition of research and development personnel and the engagement of contractors and outsource partners to support expanded product offerings and software development initiatives resulting from our larger customer base.

Sales and marketing expenses increased to $26.1 million in the fiscal 2009 second quarter from $23.7 million in the fiscal 2008 second quarter, but decreased as a percentage of revenue to 31% in the second quarter of fiscal 2009 as compared to 33% in the second quarter of fiscal 2008. The increase in sales and marketing expenses was primarily due to the addition of direct sales, telesales and sales support personnel to support our larger customer base as well as higher commission expense.

General and administrative expenses increased to $9.4 million in the fiscal 2009 second quarter from $9.0 million in the fiscal 2008 second quarter, but decreased as a percentage of revenue to 11% in the second quarter of fiscal 2009 as compared to 13% in the second quarter of fiscal 2008. The increase in general and administrative expenses was primarily due to approximately $0.5 million of professional expense incurred in connection with an on-going feasibility analysis related to our business realignment strategy.

The SEC staff has not closed its informal investigation concerning the option granting practices at SmartForce for the period beginning April 12, 1996 through July 12, 2002, prior to its merger in September 2002 with SkillSoft. There were no restatement charges relating to the ongoing SEC investigation in the fiscal 2009 second quarter as compared to $0.4 million of expenses incurred in the fiscal 2008 second quarter.

Operating expenses for the fiscal 2009 second quarter include approximately $1.5 million of stock-based compensation expense. The allocation of such stock-based compensation expense for the fiscal 2009 second quarter was as follows: cost of revenue, $67,000; research and development, $231,000; sales and marketing, $444,000; and general and administrative, $736,000. By comparison, operating expenses for the fiscal 2008 second quarter included approximately $1.3 million of stock-based compensation expense. The allocation of such stock-based compensation expense for the fiscal 2008 second quarter was as follows: cost of revenue, $48,000; research and development, $225,000; sales and marketing, $369,000; and general and administrative, $631,000.

The Company's interest income and other expense decreased to $0.2 million for the fiscal 2009 second quarter as compared to $0.5 million for the second quarter of fiscal 2008. This decrease was primarily due to a loss on foreign currency exchange rates and a decrease in interest income attributable to an overall decline in interest rates. The Company's interest expense decreased to $3.3 million for the fiscal 2009 second quarter as compared to $3.8 million for the second quarter of fiscal 2008. This decrease is primarily due to principal payments made during the period resulting from a reduction in our outstanding debt during the fiscal 2009 second quarter.

The Company's effective tax rate from continuing operations was 38.9% for the six month period ended July 31, 2008 and consisted of a cash tax provision of approximately $2.0 million (6.8%) and a non-cash tax provision of approximately $9.4 million (32.1%). This compares to an $8.2 million (73.2%) tax benefit for the six month period ended July 31, 2007, which consisted of a cash tax provision of approximately $1.0 million (8.9%) and a non-cash tax benefit of approximately $9.2 million or (82.1%) from continuing operations. The increase in the current year effective tax rate is primarily due to geographic distribution of worldwide earnings as well as the second quarter of fiscal 2008 non-cash tax benefit of approximately $25 million from the reduction in the Company's US deferred tax valuation allowance. The aforementioned benefit was partially offset by non-cash tax adjustments required as a result of purchase accounting for the NETg acquisition.

As a reminder, an important leverage covenant included in our credit facility is adjusted EBITDA. Adjusted EBITDA for the fiscal 2009 second quarter was $28.8 million and our trailing 12 month debt to adjusted EBITDA ratio was approximately 1.48. Adjusted EBITDA for the fiscal 2009 second quarter is calculated by taking net income ($12.9 million) and adding back depreciation and amortization ($1.4 million), amortization of intangible assets and capitalized software development costs ($4.5 million), stock-based compensation ($1.5 million), restatement expenses ($0.0 million), merger and integration related expenses ($0.2 million), IP migration feasibility expense ($0.5 million), interest expense ($3.3 million), and the provision for income taxes ($6.8 million), and deducting income from discontinued operations ($2.1 million) and interest income net of other expense ($0.2 million).

SkillSoft had approximately $85.9 million in cash, cash equivalents, short-term investments, restricted cash and long-term investments as of July 31, 2008 as compared to $93.5 million as of January 31, 2008. This decrease primarily reflects long term debt repayments of $24.4 million and $30.5 million in the first and second quarter of fiscal 2009, respectively; payments of $12.2 million and $15.0 million in the first and second quarters of fiscal 2009, respectively, to repurchase shares under our shareholder approved repurchase program; and investments of $9.7 million and purchases of property and equipment of $2.7 million in the six months ended July 31, 2008. These amounts were partially offset by cash provided by continuing operations of $60.2 million; proceeds from the exercise of stock options and employee stock purchase activity of $10.0 million; investment maturities of $15.2 million; and cash provided from discontinued operations of $6.9 million which is primarily comprised of proceeds from the sale of NETg Press in the six months ended July 31, 2008.

In order to adequately assess the Company's collection efforts, taking into account the seasonality of the Company's business, the Company believes that it is most useful to compare current period days sales outstanding (DSOs) to the prior year period. Given the quarterly seasonality of bookings, the deferral from revenue of subscription billings may increase or decrease the DSOs on sequential quarterly comparisons.

SkillSoft's DSOs were in the targeted range for the fiscal 2009 second quarter. On a net basis, which considers only receivable balances for which revenue has been recorded, DSOs were 15 days in the fiscal 2009 second quarter as compared to 14 days in the year ago period and 19 days in the first quarter of fiscal 2009 (which is a correction to our first quarter fiscal 2009 release dated May 23, 2008 which stated our net DSO was 12 days). On a gross basis, which considers all items billed as receivables, DSOs were 89 days in the fiscal 2009 second quarter compared to 108 days in the year ago quarter and 109 days in the first quarter of fiscal 2009.

FISCAL 2009 AND FISCAL 2009 THIRD QUARTER OUTLOOK

The Company, based on its reported fiscal 2009 first and second quarter performance, is now targeting fiscal 2009 revenue to be in the range of $335.0 million to $338.0 million. In the Company's press release dated May 23, 2008, fiscal 2009 revenue was targeted to be in the range of $329.0 million to $336.0 million.

In addition, given the new fiscal 2009 targeted revenue range and the $2.1 million of income received from discontinued operations (net of tax) in the fiscal 2009 second quarter, the Company anticipates that its adjusted net income for fiscal 2009 will be between $38.0 million and $41.0 million, or $0.35 to $0.38 per basic and diluted share. In the Company's press release dated May 23, 2008, fiscal 2009 adjusted net income was targeted to be in the range of $35.0 million to $38.0 million, or $0.32 to $0.35 per basic and diluted share.

Adjusted net income represents GAAP net income, excluding foreign exchange gains or losses and gains or losses from discontinued operations. The most significant non-cash items included in targeted adjusted net income are the following: (1) amortization of intangible assets of approximately $16.5 million; (2) depreciation and amortization of approximately $5.5 million to $6.5 million; (3) a non-cash tax provision of approximately $18.0 million to $19.0 million; (4) stock-based compensation expense of approximately $6.0 million; and (5) amortization of deferred financing costs of approximately $1.0 million.

Adjusted net income and adjusted EBITDA are non-GAAP financial measures within the meaning of applicable SEC regulations. SkillSoft is presenting these measures (for both fiscal 2009 and the fiscal 2009 third quarter) because it is currently unable to estimate the amount of foreign exchange gains or losses and it believes that presenting these measure presents investors and debt holders with meaningful information about the Company's historical and projected operating performance for fiscal 2009.

For the third quarter of fiscal 2009 ending October 31, 2008, the Company currently anticipates revenue to be in the range of $84.0 million to $85.5 million. The Company also anticipates adjusted net income for the fiscal 2009 third quarter to be between $9.5 million and $10.5 million, or $0.09 to $0.10 per basic and diluted share. The most significant non-cash items included in targeted adjusted net income are the following: (1) amortization of intangible assets of approximately $4.4 million to $4.5 million; (2) depreciation and amortization of approximately $1.5 million to $1.7 million; (3) a non-cash tax provision of approximately $4.25 million to $4.75 million; (4) stock-based compensation expense of approximately $1.4 million to $1.6 million; and (5) amortization of deferred financing costs of approximately $0.25 million to $0.35 million.

The Company, based on its fiscal 2009 first half performance, is now targeting adjusted EBITDA for fiscal 2009 to be in the range of $101.0 million to $103.0 million. Adjusted EBITDA for fiscal 2009 in this range is expected to result in a debt to adjusted EBITDA ratio of approximately 1.4. In the Company's press release dated May 23, 2008, fiscal 2009 adjusted EBITDA was targeted to be in the range of $96.0 million to $100.0 million. Adjusted EBITDA in the targeted range for fiscal 2009 will result in growth of approximately 26% to 29% as compared to fiscal 2008. The adjusted EBITDA targeted range for fiscal 2009 is calculated by taking targeted net income ($38.0 million to $41.0 million) and adding back depreciation and amortization ($5.0 million to $7.0 million), amortization of intangible assets and capitalized software development costs (approximately $16.0 million to 17.0 million), stock-based compensation (approximately $5.5 million to 6.5 million), restatement expenses (approximately $0.2 million), merger and integration related expenses (approximately $0.8 million), IP migration feasibility expense ($1.1 million), interest expense ($13.5 million to $14.0 million) and the provision for income taxes ($22.0 million to $24.0 million), less income from discontinued operations (approximately $2.0 million), and interest income and other income/expense ($0.2 million to $0.3 million).

The fiscal 2009 earnings outlook also does not take into account the potential positive or negative impact from foreign exchange rates, potential adjustments from the impact of our international NOL valuation reserves or international deferred tax asset utilization, the potential negative impact of the resolution of litigation matters, potential restructuring charges or the potential impact of any future acquisitions or divestitures (excluding the NETg acquisition), including potential non-recurring acquisition related expenses and the amortization of any purchased intangibles and deferred compensation charges resulting from an acquisition transaction (excluding the NETg acquisition). The outlook also does not take into account the effect of a public offering or other financing arrangement, our share buyback program or debt restructuring that could impact interest income/expenses and/or outstanding shares and thereby the Company's EPS outlook.

Supplemental financial information will be available on SkillSoft's web site http://www.skillsoft.com/ at the time of our earnings call.

Conference Call

In conjunction with this release, management will conduct a conference call on Friday, August 22, 2008 at 8:30 a.m. ET to discuss the Company's second quarter fiscal 2009 financial and operating results. Chuck Moran, President and Chief Executive Officer, and Tom McDonald, Chief Financial Officer, will host the call.

To participate in the conference call, local and international callers can dial (973) 582-2717. The live conference call will be available via the Internet by accessing the SkillSoft Web site at http://www.skillsoft.com/. Please go to the Web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.

A replay will be available from 12:01 p.m. ET on August 22, 2008 until 11:59 p.m. ET on August 29, 2008. The replay number is (800) 642-1687, passcode: 60842846. A webcast replay will also be available on SkillSoft's Web site at http://www.skillsoft.com/.

About SkillSoft

SkillSoft PLC is a leading SaaS provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses. SkillSoft enables business organizations to maximize business performance through a combination of comprehensive e-learning content, online information resources, flexible learning technologies and support services.

Content offerings include business, IT, desktop, compliance and consumer/SMB courseware collections, as well as complementary content assets such as Leadership Development Channel video products, KnowledgeCenter(TM) portals, virtual instructor-led training services and online mentoring services. SkillSoft's Books24x7(R) product offering includes access to more than 18,000 digitized IT and business books, as well as book summaries and executive reports. Technology offerings include the SkillPort(R) learning management system, Search-and-Learn(R), SkillSoft(R) Dialogue(TM) and virtual classroom.

SkillSoft courseware content described herein is for information purposes only and is subject to change without notice. SkillSoft has no obligation or commitment to develop or deliver any future release, upgrade, feature, enhancement or function described in this press release except as specifically set forth in a written agreement.

SkillSoft, the SkillSoft logo, SkillPort, Search-and-Learn, SkillChoice, Books24x7, ITPro, BusinessPro, OfficeEssentials, GovEssentials, EngineeringPro, FinancePro, AnalystPerspectives, ExecSummaries, ExecBlueprints, Express Guide and Dialogue are trademarks or registered trademarks of SkillSoft PLC in the United States and certain other countries. All other trademarks are the property of their respective owners, countries.

This release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements. Factors that could cause or contribute to such differences include challenges in integrating the operations of NETg, competitive pressures, changes in customer demands or industry standards, adverse economic conditions, loss of key personnel, litigation and other risk factors disclosed under the heading "Risk Factors" in SkillSoft's Quarterly Report on Form 10-Q for the quarterly period ended April 30, 2008 as filed with the Securities and Exchange Commission. The forward-looking statements provided by the Company in this press release represent the Company's views as of August 22, 2008. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

SkillSoft PLC and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited, In Thousands Except Share and Per Share Data) Three Months Ended Six Months Ended July 31, July 31 2008 2007 2008 2007 Revenues $83,332 $71,469 $164,975 $128,609 Cost of revenues (1) 9,830 8,718 18,639 15,546 Cost of revenues - amortization of capitalized software development costs 1,740 1,744 3,480 1,942 Gross profit 71,762 61,007 142,856 111,121 Operating expenses: Research and development 12,519 11,364 25,998 21,605 Selling and marketing 26,099 23,714 55,798 46,262 General and administrative 9,433 8,998 18,324 16,126 Amortization of intangible assets 2,741 3,741 5,737 4,320 Merger and integration related expenses 240 8,493 761 8,528 Restructuring - - - - SEC investigation (13) 351 49 1,223 Total operating expenses 51,019 56,661 106,667 98,064 Other expense, net (347) (251) (1,034) (383) Interest income 575 728 1,192 2,336 Interest expense (3,311) (3,762) (7,013) (3,814) Income before provision for income taxes from continuing operations 17,660 1,061 29,334 11,196 Provision for income taxes - cash 1,024 236 1,965 1,007 Provision for income taxes - non-cash 5,821 (11,039) 9,387 (9,164) Income from continuing operations 10,815 11,864 17,982 19,353 Income from discontinued operations, net of income tax expense of $1.4 million and $1.3 million for the three and six months ended July 31, 2008, respectively 2,067 524 1,974 524 Net income $12,882 $12,388 $19,956 $19,877 Net income, per share, basic - continuing operations $0.10 $0.11 $0.17 $0.19 Net income, per share, basic - discontinued operations $0.02 $0.01 $0.02 $0.01 $0.12 $0.12 $0.19 $0.19 Basic weighted average common shares outstanding 104,877,548 104,400,895 105,081,727 103,848,299 Net income, per share, diluted - continuing operations $0.10 $0.11 $0.16 $0.18 Net income, per share, diluted - discontinued operations $0.02 $0.00 $0.02 $0.00 $0.12 $0.11 $0.18 $0.18 Diluted weighted average common shares outstanding 108,712,224 108,423,593 109,231,394 107,739,609 (1) The following summarizes the departmental allocation of the stock-based compensation Cost of revenues $67 $48 $111 $65 Research and development 231 225 468 433 Selling and marketing 444 369 1,022 867 General and administrative 736 631 1,481 1,264 $1,478 $1,273 $3,082 $2,629 SkillSoft PLC Condensed Consolidated Balance Sheets (Unaudited, In Thousands) July 31, 2008 January 31, 2008 ASSETS CURRENT ASSETS: Cash, cash equivalents and short- term investments $81,969 $89,584 Restricted cash 3,960 3,963 Accounts receivable, net 80,555 171,708 Deferred tax assets 10,326 13,476 Prepaid expenses and other current assets 29,384 29,061 Total current assets 206,194 307,792 Property and equipment, net 7,038 7,210 Goodwill 257,519 256,196 Acquired intangible assets, net 20,670 29,887 Deferred tax assets 80,244 87,866 Other assets 3,799 7,730 Total assets $575,464 $696,681 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current maturities of long term debt $1,455 $2,000 Accounts payable 3,510 2,139 Accrued expenses 32,914 54,084 Deferred revenue 166,582 219,161 Total current liabilities 204,461 277,384 Long term debt 142,605 197,000 Other long term liabilities 7,823 9,209 Total long-term liabilities 150,428 206,209 Total stockholders' equity 220,575 213,088 Total liabilities and stockholders' equity $575,464 $696,681 SkillSoft PLC Condensed Consolidated Statements of Cash Flows (Unaudited, In Thousands) Six Months Ended July 31, 2008 2007 Cash flows from operating activities from continuing operations: Net income, continuing operations $17,982 $19,353 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation 3,082 2,629 Depreciation and amortization 2,862 4,009 Amortization of acquired intangible assets and capitalized software development costs 9,218 6,262 Recovery of bad debts 48 54 Provision for income taxes - non-cash 636 (9,164) Non-cash interest expense 9,387 226 Tax benefit related to exercise of non-qualified stock options 500 - Changes in current assets and liabilities, net of acquisitions Accounts receivable 88,805 41,818 Prepaid expenses and other current assets (965) 4,942 Accounts payable 1,092 (50) Accrued expenses (including long-term): Accrued merger (1,370) (6,450) Accrued restructuring (232) (140) Accrued other (18,204) (23,020) Deferred revenue (52,959) (30,463) Deferred tax asset 281 - Net cash provided by operating activities from continuing operations 60,163 10,006 Cash flows from investing activities from continuing operations: Purchases of property and equipment (2,687) (1,888) Cash paid for business acquisitions (250) (278,923) Purchases of investments (9,745) (1,000) Maturity of investments 15,237 37,973 Release of restricted cash 5 16,090 Net cash (used in) provided by investing activities from continuing operations 2,560 (227,748) Cash flows from financing activities from continuing operations: Exercise of stock options 7,769 8,122 Proceeds from employee stock purchase plan 2,185 1,088 Principal payment on long term debt (54,940) 194,133 Payments to acquire treasury stock (27,171) - Net cash (used in) provided by financing activities from continuing operations (72,157) 203,343 Change in cash from discontinued operations 6,942 240 Effect of exchange rate changes on cash and cash equivalents 304 1,097 Net increase in cash and cash equivalents (2,188) (13,062) Cash and cash equivalents, beginning of period 76,059 48,612 Cash and cash equivalents, end of period $73,871 $35,550

SkillSoft PLC

CONTACT: Tom McDonald, Chief Financial Officer of SkillSoft PLC,
+1-603-324-3000, x4232; Investors, Michael Polyviou, or Peter Schmidt, both of
Financial Dynamics, +1-212-850-5748

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