Companies news

PPGI Reports Strong Sales But Lower New Orders and Profits in Third Quarter

NORTHVALE, N.J., Nov. 14 /PRNewswire-FirstCall/ -- Photonic Products Group, Inc. (BULLETIN BOARD: PHPG) has reported its consolidated financial results for its third quarter and first nine months, which ended September 30, 2008.

Revenues for the third quarter were $3,803,000, and revenues for the first nine months were $11,975,000, essentially unchanged and up 8.3%, respectively, from the same periods last year.

Order intake for the first nine months was $11,200,000, down 17.1% in comparison to the first nine months of 2007. The backlog at the end of the third quarter was $8,865,000 down 5.8% from $9,413,000 at the same point in 2007. By comparison, product backlog was $9,672,000 on December 31, 2007.

Gross profit for the third quarter was $1,065,000, or 28.0% compared with a gross profit of $1,816,000, or 47.3% in last year's third quarter. Gross profit for the first nine months was $3,786,000, or 31.6% this year compared with a gross profit of $4,591,000, or 41.5% last year.

The Company reported net income of $169,000 for the quarter just ended compared to $797,000 for the same period last year. This quarter's result included a net benefit from income taxes of $86,000, reflecting recognition of a deferred tax asset, while the result in 2007 reflected a provision for income taxes of $40,000. Net income for the first nine months was $954,000, reflecting a net tax benefit of $216,000. Net income in the same period in 2007 was $1,629,000, which included a provision for taxes of $80,000.

Basic and diluted earnings per common share (EPS) for the third quarter of 2008 were $0.02 and $0.01, respectively. In last year's third quarter, basic and diluted EPS were both $0.09 and $0.06, respectively. For the first nine months of 2008, basic and diluted EPS were $0.09 and $0.07, which compares with $0.17 and $0.12 in the same period last year. The 2007 EPS results reflect the payment of a stock dividend to preferred shareholders of $233,000.

Cash flow from operations through the first nine months of this year was $879,000, which compares with cash flow from operations of $1,632,000 in the first nine months of 2007. Net cash flow from all activities for the nine months ended September 30, 2008 was a decrease of $530,000 after the Company accelerated repayment of $2,177,000 of principal and accrued interest on a $1,700,000 senior secured note. For the nine months ended September 30, 2007, net cash flow was $644,000, after an accelerated repayment of $1,383,000 of principal and interest on a subordinated convertible note. The cash balance at September 30, 2008 was $3,866,000 compared with $3,722,000 at the same point last year.

Dan Lehrfeld, President and CEO of PPGI commented, "Revenues were at record levels through the first nine months, and backlogs through the end of the year remain strong. But order intake has trended lower over the past two quarters, indicating weaker revenues ahead in the first part of 2009. Despite strong revenues, gross profits and income are down this year from last year's levels in the third quarter and for the year-to-date. The key issues have been production problems our MRC Optics subsidiary and a lower margin product mix in our other operations in the third quarter. Our restructured MRC management team has begun to improve execution. Shipments there are up 51% in comparison to the second quarter, product and process yields are improving, and we expect margins there will gradually improve in the quarters ahead. Our PPGI management team's priorities are clear: continued focus on improvements in manufacturing operations, thoroughly addressing all elements of cost and expense, and pursuit of new business opportunities."

Founded in 1973, Photonic Products Group, Inc. develops, manufactures, and markets products and services for use in diverse Photonics industry sectors via its portfolio of distinctly branded businesses. INRAD specializes in crystal-based optical components and devices, laser accessories and instruments. Laser Optics specializes in precision custom optical components, assemblies, and optical coatings. MRC Optics' business specializes in precision diamond turned optics, metal optics, and opto-mechanical and electro-optical assemblies. PPGI's customers include leading corporations in the Defense and Aerospace, Laser Systems, and Process Control and Metrology sectors of the Photonics Industry, as well as the U.S. Government. Its products are also used by researchers at National Laboratories and Universities world-wide.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes", "expects", "should", "will", "plan", "anticipate", "probably", "targeting" or similar words. Such forward-looking statements, such as our expectation for weaker revenues, new orders, and improved results involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward looking statements are, but are not limited to, uncertainties in market demand for the company's products or the products of its customers, future actions by competitors, inability to deliver product on time, inability to develop new business, inability to implement growth strategies or to integrate new operations, inability to realize synergies from its acquisitions, inability to raise capital, inability to retain key employees or hire new employees, and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. The forward looking statements made in this news release are made as of the date hereof and Photonic Products Group, Inc. does not assume any obligation to update publicly any forward looking statement.

PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS September 30, December 31, 2008 2007 (Unaudited) (Audited) Assets ------ Current assets: Cash and cash equivalents $3,866,282 $4,395,945 Accounts receivable (net of allowance for doubtful accounts of $15,000 in 2008 and 2007) 1,949,242 2,181,859 Inventories 3,226,748 2,931,080 Deferred income taxes 306,000 - Other current assets 208,751 164,065 Total current assets 9,557,023 9,672,949 Plant and equipment: Plant and equipment, at cost 14,386,620 13,690,229 Less: Accumulated depreciation and amortization (10,904,169) (10,189,853) Total plant and equipment 3,482,451 3,500,376 Precious Metals 112,851 112,851 Goodwill 1,869,646 1,869,646 Intangible Assets 771,221 830,144 Other Assets 53,760 91,981 Total Assets $15,846,952 $16,077,947 Liabilities and Shareholders' Equity ------------------------------------ Current Liabilities: Current portion of notes payable - other $12,751 $14,814 Accounts payable and accrued liabilities 2,020,611 2,741,966 Customer advances 882,224 870,550 Current obligations under capital leases - 47,088 Convertible note payable due within one year 2,500,000 1,700,000 Total current liabilities 5,415,586 5,374,418 - 2,500,000 Secured and Convertible Notes Payable Other Long Term Notes 481,638 490,730 Total liabilities 5,897,224 8,365,148 Commitments and Contingencies - - Shareholders' Equity: 10% convertible preferred stock, Series A no par value; no shares issued and outstanding - - 10% convertible preferred stock, Series B no par value; no shares issued and outstanding - - Common stock: $.01 par value; 60,000,000 authorized; 11,227,578 shares issued at September 30, 2008 and 10,104,719 issued at December 31, 2007 Capital in excess of par value 16,592,134 15,320,771 Accumulated deficit (6,739,731) (7,694,068) 9,964,678 7,727,749 Less - Common stock in treasury, at cost (4,600 shares respectively) (14,950) (14,950) Total Shareholders' Equity 9,949,728 7,712,799 Total Liabilities and Shareholders' Equity $15,846,952 $16,077,947 PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2008 2007 2008 2007 Total Revenue $3,802,935 $3,837,660 $11,974,595 $11,057,330 Cost and Expenses: Cost of goods sold 2,737,511 2,021,835 8,188,376 6,466,767 Selling, general and administrative expenses 949,125 908,438 2,913,853 2,666,919 3,686,636 2,930,273 11,102,229 9,133,686 Income from operations 116,299 907,387 872,366 1,923,644 Other income (expense): Interest expense - net (33,179) (69,974) (143,142) (214,883) Gain on sale of fixed asset - - 9,113 - (33,179) (69,974) (134,029) (214,883) Net income before income tax provision and preferred stock dividends 83,120 837,413 738,337 1,708,761 Benefit from (provision for) income taxes 86,000 (40,000) 216,000 (80,000) Net Income 169,120 797,413 954,337 1,628,761 Preferred stock dividends - - - (233,240) Net income applicable to common shareholders $169,120 $797,413 $954,337 $1,395,521 Net income per common share - basic $.02 $.09 $.09 $0.17 Net income per common share - diluted $.01 .06 $.07 $0.12 Weighted average shares outstanding - basic 11,209,576 9,120,587 10,824,457 8,413,845 Weighted average shares outstanding - diluted 15,461,922 14,550,134 15,691,982 13,300,511 PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Nine Months Ended September 30, 2008 2007 Cash flows from operating activities: Net income $954,337 $1,628,761 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 802,088 848,526 401(K) common stock contribution 160,181 166,693 Gain on sale of fixed asset (9,113) - Deferred income taxes (306,000) - Stock based compensation 56,569 30,125 Changes in assets and liabilities: Accounts receivable 232,617 (42,706) Inventories (295,668) (660,528) Other current assets (44,686) 55,979 Other assets 38,221 25,568 Accounts payable and accrued liabilities (721,355) (50,567) Customer advances 11,674 (369,419) Total adjustments (75,472) 3,671 Net cash provided by operating activities 878,865 1,632,432 Capital expenditures (726,127) (156,505) Proceeds from sale of fixed assets 10,000 - Net cash used in investing activities (716,127) (156,505) Cash flows from financing activities: Proceeds from issuance of common stock 258,255 415,248 Exercise of warrants 807,587 - Principal payment of convertible note payable (1,700,000) (1,000,000) Principal payments of other notes payable (11,155) (74,357) Principal payments of capital lease obligations (47,088) (172,541) Net cash used in financing activities (692,401) (831,650) Net increase (decrease) in cash and cash equivalents (529,663) 644,277 Cash and cash equivalents at beginning of period 4,395,945 3,078,052 Cash and cash equivalents at end of period $3,866,282 $3,722,329

Photonic Products Group, Inc.

CONTACT: Daniel Lehrfeld, President and CEO of Photonic Products Group,
Inc., +1-201-767-1910

Verizon Wireless Customers Can Connect To and Store Information With USB760 Micro ModemUSB Modem Delivers File Storage Functionality and High-Speed Wireless Internet Connectivity to the Nation's Most Reliable Wireless Network

BASKING RIDGE, N.J., and SAN DIEGO, Nov. 14 /PRNewswire/ -- Verizon Wireless announced that the USB760(TM) Micro Modem is available in business sales channels beginning today. Developed by Novatel Wireless , a leading provider of wireless broadband solutions, the USB760 gives customers a powerful, pocket-sized wireless broadband modem that runs on Verizon Wireless' high-speed network, which uses Evolution-Data Optimized (EV-DO) Revision A (Rev. A) technology. The USB760 will be available for order in Verizon Wireless Communications Stores on Dec. 1.

(Photo: http://www.newscom.com/cgi-bin/prnh/20081114/NY46059 )

Customers can use the included VZAccess Manager(TM) software on the USB760 for easy connection management and automatic installation on Windows(R) and Mac systems without the need to install software from a CD. Measuring just more than two inches long and weighing less than an ounce, the USB760 is designed to be extremely durable, and combines a variety of innovative features into its tiny package, including an integrated microSD(TM) slot, allowing for the seamless storage and transport of up to 8 GB of files, photos or videos on a removable SD storage card (sold separately). Designed to work with any laptop, tablet PC or desktop running Windows, Mac or Linux operating systems and equipped with a Type-A USB port, the USB760 features an internal advanced dual-band diversity antenna, as well as an optional external antenna for enhanced performance on the fringe areas of networks and in highly mobile environments. NovaSpeed(TM) software helps optimize performance and enables simultaneous uploads and downloads at significantly enhanced speeds.

The USB760 from Verizon Wireless gives customers access to the company's BroadbandAccess service, which provides fast access to e-mail, corporate data, the Internet and more. With average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps, BroadbandAccess from Verizon Wireless allows customers to download a 1 Megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds.

The USB760 is available for $99.99 after a $50 mail-in rebate and a new two-year agreement. Customers will receive the rebate in the form of a debit card; upon receipt, they may use the card as cash anywhere debit cards are accepted. Customers can select from one- or two-year BroadbandAccess plans that offer 50 MB data usage for $39.99 monthly access or 5 GB data usage for $59.99 monthly access.

For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/. Business customers may contact their Verizon Wireless Business Sales Representatives directly at 1-800-VZW-4BIZ.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 70.8 million customers. Headquartered in Basking Ridge, N.J., with 71,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit 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.

About Novatel Wireless

Novatel Wireless, Inc. is revolutionizing wireless communications. The company is a leader in the design and development of innovative wireless broadband access solutions based on 3G WCDMA (HSDPA & UMTS), CDMA and GSM technologies. Novatel Wireless' Merlin(TM) PC Cards and ExpressCards, Expedite(R) Embedded Modules, MobiLink(TM) Communications Software Suite, Ovation(TM) Fixed Mobile Convergence Products and Conversa(TM) Software Suite enable high-speed wireless access. The company delivers innovative 3G solutions to operators, distributors and vertical markets worldwide. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information please visit http://www.novatelwireless.com/. (NVTLG)

This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, new product introductions, continued acceptance of Novatel Wireless' products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/) and other regulatory agencies.

(C) 2008 Novatel Wireless. All rights reserved. The Novatel Wireless logo, name and NovaSpeed are trademarks of Novatel Wireless, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.

Photo: http://www.newscom.com/cgi-bin/prnh/20081113/NY46059
http://photoarchive.ap.org/
AP PhotoExpress Network: PRN2
PRN Photo Desk, photodesk@prnewswire.com Verizon Wireless

CONTACT: Brenda Boyd Raney of Verizon Wireless, +1-908-559-7518,
Brenda.Raney@verizonwireless.com; or Patty Goodwin of Novatel Wireless,
+1-858-431-3726, pr@nvtl.com; or Mike Kelly of Nadel Phelan, +1-831-440-2403,
Michael@nadelphelan.com

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

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

TelcoTV Conference & Expo Announces 2008 Vision Awards WinnersTiny set-top box from Amino wins Best of Show. AT&T U-verse and BEK Communications of North Dakota win best video service awards

IRVINE, Calif., Nov. 14 /PRNewswire/ -- TelcoTV, the premier meeting place for the massive convergence of the entertainment and communications markets, has determined the winners for the First Annual TelcoTV Vision Awards, which recognize the most innovative and visionary new video products, services, and applications announced in the communications industry in the past year.

Amino Communications Ltd., a maker of high-performance IPTV set-top boxes and gateways that is headquartered in Cambridgeshire, U.K., was honored by winning both the Customer Premises Equipment Category and Best of Show for its OmniNET130M, which at just 4.48-inches wide and 1.37 inches high is positioned as the smallest set-top box on the market.

AT&T's U-verse video service won the Service Provider Innovation Award for telcos with more than 50,000 subscribers for its U-verse Total Home DVR, which allows customers the freedom to play back standard-definition and high-definition recorded programs on up to seven additional U-verse-connected TVs in the home.

In the carrier innovation category for telcos with less than 50,000 subscribers, BEK Communications in Steele, N.D., won for BEKTV, which won the award based on its unique way of offering three channels of local content. BEK outfitted a mobile home with all the necessary equipment to allow local broadcasts of high school football and basketball games, as well as other local events and issues.

The 2008 TelcoTV Vision Awards winners were announced before an audience of eco-system partners, service providers, analysts, and members of the technology and business press at TelcoTV on Wednesday, November 12, at 1:30 p.m. at the Anaheim Convention Center.

"From the smallest set-top box to the biggest carrier, the Vision Awards winners demonstrate that innovation and creativity are thriving in the telecommunications video marketplace," said Joe Braue, Senior Vice President and Group Director of the Light Reading Communications Network, who presented the awards at the Anaheim Convention Center on Wednesday. "We congratulate the winners and look forward to next year's awards program at TelcoTV 2009 in Orlando, Florida."

The other winners were: Broadband Access Networks

âÂ€Â¢ Calix (headquarters: Petaluma, Calif.) - 762G Optical Network Terminal (ONT)

The Calix 762G is uniquely focused on providing video services to multi-dwelling unit (MDU) and small to mid-sized business markets, with integrated support for both IPTV and RF video.

Conditional Access

âÂ€Â¢ SecureMedia Inc. (headquarters: Natick, Mass.) - Encryptonite ONE System Release 2

SecureMedia's award-winning Encryptonite ONE(TM) System is an open platform CA/DRM software solution that provides the highest levels of digital content security.

Middleware âÂ€Â¢ Ericsson (headquarters: Stockholm) - IMS Integrated IPTV Middleware

Ericsson's IBM Integrated IPTV Middleware is being recognized for its unique integration with IMS, the IP Multimedia Subsystem, which is the technology framework that allows telcos to roll out advanced video services over TV, mobile devices, and computers.

Encoding âÂ€Â¢ Envivio Inc. (headquarters: South San Francisco, Calif.) - 4Caster C4

The 4Caster C4 claims to be the world's first truly converged broadcast encoder, which outputs live content to all 3 screens. It supports all the major codecs (including the Chinese AVS format) and has proven interoperability with all video enabled mobile handsets

The winners were determined by a distinguished panel of industry executives, analysts and service providers: Bernardin Arnason, Chairman, TelcoTV; Joseph Braue, SVP and Group Director, Light Reading; Steve Fravel, Video Services Manager, NTCA; Keith Galitz, President, Canby Telcom; Aditya Kishore, Senior Analyst, Heavy Reading; Kevin McGuire, VP Business & Technology, NTCA; and David Osborn, General Manager, Valley Telephone Cooperative. There was an overwhelming response to the announcement of the TelcoTV Vision Awards, with more than 65 entries received.

The seventh annual TelcoTV Conference & Expo is the largest IPTV and video event for communications service providers in the United States, with more than 150 exhibitors. It is produced by TechWeb's Light Reading Communications Network, which is part of United Business Media LLC, in partnership with the National Telecommunications Cooperative Association.

About Light Reading

Founded in 2000, Light Reading (http://www.lightreading.com/) is the leading online media, research, and focused event company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technology and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading's research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces almost 20 targeted communications events including TelcoTV, Ethernet Expo New York and Ethernet Expo London, The Tower Summit at CTIA, and Optical Expo, as well as focused one-day events tailored for cable, mobile, and wireline executives. Light Reading was acquired by United Business Media in August 2005, and operates as a unit of TechWeb.

About TechWeb

TechWeb (http://www.techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution

and specialist information services with a market capitalization of more than $2.5 billion.

About United Business Media Ltd.

United Business Media Ltd. (UBM) (http://www.unitedbusinessmedia.com/) is a global media and marketing services company that informs markets and brings the world's buyers and sellers together at events, online, in print, and with the information they need to do business successfully. UBM serves professional and commercial communities, from IT professionals to doctors, from journalists to jewelry dealers, from farmers to pharmacists around the world. UBM employs more than 6,500 people in more than 30 countries. UBM's businesses operating in the U.S. include CMPMedica, Commonwealth Business Media, Everything Channel, PR Newswire, RISI, TechInsights, TechWeb and Think Services. UBM is listed on the London Stock Exchange (UBM.L) and has a market capitalization of $1.6 billion.

About NTCA

The National Telecommunications Cooperative Association is the premier association representing more than 580 locally owned and managed telecommunications cooperatives and commercial companies throughout rural America. NTCA provides its members with legislative, regulatory, and industry representation; meetings; publications and educational programs; and an array of employee benefit programs. Visit us at http://www.ntca.org/.

CONTACT: Tony Fisch President, Tony Fisch Consulting (323) 461-7878 tony@fischconsulting.com

TechWeb

CONTACT: Tony Fisch, President, Tony Fisch Consulting, +1-323-461-7878,
tony@fischconsulting.com

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

Company News On-Call: http://www.prnewswire.com/comp/683682.html

Chief Financial Officer John Feehan to Remain with Virgin Mobile USA

WARREN, N.J., Nov. 14 /PRNewswire-FirstCall/ -- John Feehan, Chief Financial Officer of Virgin Mobile USA since its launch in 2002, will be staying with Virgin Mobile USA, it was announced today. Feehan had previously announced his intention to relocate to the Phoenix, Arizona area to become CFO of LifeLock(R).

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

Feehan said, "It wasn't an easy decision to leave - and it became harder and harder as the day approached. I have truly enjoyed all of the challenges and opportunities the job has presented to me from the very beginning. As I said on the earnings call last week, this is a great, dynamic company, one that I believe in and, ultimately, one that I believe has strong growth ahead of it."

Chief Executive Officer Dan Schulman said, "As we were looking for a new financial officer over the last two months, we wanted someone with John's intelligence, sensibilities and understanding of our unique positioning - and frankly, that was difficult to match. John has continued to be integrally involved with the business over the past 60 days since he announced his intention to leave. His decision to stay is a testament to both his passion for the Company, and the exciting moment in which we find ourselves, with tremendous opportunity to move ahead and succeed in so many areas.

"I know John will continue to contribute greatly to the business as we move forward, as not only a valued and trusted colleague but a good friend. The Leadership Team and the Board of Directors couldn't be happier to continue working with John."

Mr. Feehan joined Virgin Mobile USA in 2001 as one of the Company's first employees, and was named chief financial officer in 2006 following almost five years of service as vice president of financial operations.

About Virgin Mobile USA

Virgin Mobile USA, Inc. , through its operating company Virgin Mobile USA, L.P., offers more than five million customers control, flexibility and choice through Virgin Mobile's Plans Without Annual Contracts and postpaid offerings through Helio By Virgin Mobile, with national coverage for both powered by the Sprint PCS network.

Virgin Mobile USA is known for its award-winning customer service, and was recently rated the best prepaid wireless service for the third year in a row in the Annual PC Magazine Readers' Choice Survey, with 90% of its own customers reporting satisfaction with its service. Virgin Mobile USA allows customers to earn free minutes in exchange for viewing advertising content online through the innovative Sugar Mama program. 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. Helio's advanced devices like the Ocean and unlimited All-in voice plans can be explored at http://www.helio.com/.

Photo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE Virgin Mobile USA

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

Web Site: http://www.helio.com/
http://www.virginmobileusa.com/

Social Networking Sites Face a Revenue Reckoning, New Report FindsSophisticated mobile computing and targeted advertising capabilities are increasingly important for social networking sites to develop, says Contentinople Insider

NEW YORK, Nov. 14 /PRNewswire/ -- As social networking sites mature, the need to establish consistent and reliable revenue streams will drive site operators to explore and develop a full range of options, including more sophisticated mobile computing and targeted advertising applications, according to the latest report published by Contentinople Insider (http://www.contentinople.com/insider), a new subscription research service from TechWeb's Contentinople (http://www.contentinople.com/), an industry-leading provider of news and analysis covering the emerging digital media industry.

Monetizing Social Networking Sites: Fact or Faith analyzes the revenue-producing options available to social networking sites. The report assesses how applications such as mobile delivery, digital rights management (DRM), and premium content can help to churn out profits. Finally, this report identifies the top ten social networking sites (chosen from hundreds of sites distributed across the Web), providing profiles of their focus and business model.

For a list of companies profiled in this report, please see: http://img.lightreading.com/cpi/pdf/cpi1108_companies.pdf

"Large online retailers are likely to lead the way in using in-depth Web analytics to form a common methodology for evaluating how much money ads on social networking sites can bring through direct sales, brand recognition, or market intelligence," notes Martin Courtney, research analyst with Contentinople Insider and author of the report. "As the true picture emerges, social networking sites may have to downgrade their market valuations."

Providers seeking new revenue streams for their social networking Websites aim to use methods that users will be drawn to, Courtney says. "A host of extra paid-for content aimed at consumer, business, markets around gaming, virtual gifts, community tools, and software downloads will offer more concrete revenue streams than advertising for many sites," he adds. However, advertising will not be pushed by the wayside: "Location-based information will be increasingly incorporated into social networking sites, so users can advertise their position to friends and buddies to arrange social events or schedules."

Other key findings of Monetizing Social Networking Sites: Fact or Faith include the following:

-- Many social networking sites feature new technologies, such as application programming interfaces (APIs) and DRM, to add features that will help generate more revenue by attracting more users. -- Sites that have not yet taken the plunge will move into mobile phone delivery as soon as possible to reach those who use mobile devices over laptops or PCs. -- Social networking sites, advertisers, search engines, and portals will find new ways to exploit information contained in user profiles to sidestep fears and legal debates about using the information for commercial purposes.

Monetizing Social Networking Sites: Fact or Faith is available as part of an annual subscription (six issues) to Contentinople Insider, priced at $1,295. Individual reports are available for $900.

Contentinople Insider is a brand-new research service that tracks, analyzes, and evaluates the key market and technology developments that will have the biggest impact on the digital media and communications industries in the months and years ahead. Starting with the first issue, each edition of Contentinople Insider will offer deep insight and hard-to-get market data and intelligence on the core issues facing industry participants and investors, such as:

-- Content aggregation and distribution platforms -- Digital content development -- Video sharing -- Digital advertising infrastructure -- Mobile content platforms -- Media servers -- IP-aware set-top boxes and connectors -- Content delivery networks (CDNs) -- P2P technology and platforms -- Streaming video standards -- Digital rights management (DRM) software -- Networked consumer devices -- Content management platforms

Along with competitive product and strategic analyses, Contentinople Insider will deliver essential information not available from any other source, including:

-- Full results of exclusive surveys of digital media industry professionals regarding spending and deployment plans for emerging products and technologies -- Up-to-the-minute details on technology and standards developments, including the latest information on commercial availability of new products and services -- Independent and unbiased assessments of vendor market positions and strategies -- Advance intelligence on product and standards developments that will have a direct impact on deployments of new technologies and services

To subscribe, or for more information, please visit: http://www.contentinople.com/insider. For more information about our other Insider research services, please visit: http://www.lightreading.com/research.

To request a free executive summary of the report, or for details on multi-user licensing options, please contact:

Jeff Claudino Director of Sales Insider Research Services 619-229-9940 claudino@lightreading.com Press/analyst contact: Dennis Mendyk Managing Director Insider Research Services 201-587-2154 mendyk@heavyreading.com About Contentinople

Contentinople (http://www.contentinople.com/) is TechWeb's site for networking the digital media industry. Launched in 2007, the Website publishes news, analysis, and reports on enabling technology and business models being deployed in the digital media revolution. In addition to a fully staffed editorial Website, Contentinople is running a full program of live events and Webinars to help educate the market about trends in digital media technology.

About TechWeb

TechWeb (techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $1.6 billion.

* 13.3 million business decision-makers: based on # of monthly connections About United Business Media Limited (http://www.unitedbusinessmedia.com/)

United Business Media Limited (UBM) is a global media and marketing services company that informs markets and brings the world's buyers and sellers together at events, online, in print, and with the information they need to do business successfully. UBM serves professional and commercial communities, from IT professionals to doctors, from journalists to jewelry dealers, from farmers to pharmacists around the world. UBM employs more than 6,500 people in more than 30 countries. UBM's businesses operating in the US include CMPMedica, Commonwealth Business Media, Everything Channel, PR Newswire, RISI, TechInsights, TechWeb and Think Services. UBM is listed on the London Stock Exchange (UBM.L) and has a market capitalization of $1.6 billion.

Contentinople

CONTACT: Jeff Claudino, Director of Sales, Insider Research Services,
+1-619-229-9940, claudino@lightreading.com, for Contentinople; Press/analyst
contact: Dennis Mendyk, Managing Director, Insider Research Services,
+1-201-587-2154, mendyk@heavyreading.com; for Contentinople

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

Company News On-Call: http://www.prnewswire.com/comp/683682.html

Advantest Introduces 266MHz T5782 Memory Test System for MCP/Flash Devices and Memory-embedded MicrocontrollersBest-in-class test speeds and enhanced functionality offer low-cost production solution

TOKYO, Nov. 14 /PRNewswire-FirstCall/ -- Advantest Corporation , the world's leading supplier of semiconductor test equipment, today announced its new memory tester, the T5782. Available this month, the T5782 is designed with per-site architecture and industry-leading speeds of 266MHz/533Mbps, and is ideally suited for testing today's flash memories, as well as future device generations including memory-embedded microcontrollers and rapidly evolving memory bus environments. The T5782's at-speed, at-specification performance meets the requirements of tomorrow's Known Good Die (KGD) and MCP memory solutions.

The system boasts an ability to simultaneously test up to 256 devices and inherits the advanced technologies and performance features of its predecessor, the T5781, with a footprint half the size. The T5782 also incorporates many flash functions including ECC and Block Management, which enable the system to flexibly address diversified needs,

Diversification of Flash Microcontrollers Drives Demand for Flexible High-Speed Test

From refrigerators and washing-machines, to cellular phones, gaming, HDTV and cars, consumer products now incorporate an unprecedented amount of advanced technologies. Embedded flash-memory-based MCUs are dominating new system designs, true even in high-volume production because of flash memory's improved performance, flexibility and ability to be reprogrammed. Improved performance, life, and reliability have all been pivotal to the success of flash MCUs. For applications including computer peripherals, home appliances, and automotive uses, embedded flash is replacing ROM and one-time-programming (OTP) solutions by meeting the long-term stability and cost goals set by these well established technologies.

Flash MCUs are often crucial to product performance, yet as products gain expanded functionality and versatility, flash MCUs themselves are evolving into a more diverse device category, with faster speeds and higher generational turnover. In step with this evolution, manufacturers require high-speed, low-cost test solutions. Advantest's new T5782 offers the industry a flexible and cost-efficient answer to these needs.

Key Features -- Best-In-Class Test Speed

Targeting the memory circuits of flash MCUs, the T5782 offers the fastest test speed in the industry: 266MHz. Parallel test capacity has been reduced by 50% compared to the previous model, the T5781, which optimizes the new tester's configuration to support rapid generational progress in the flash MCU segment, and allows for savings on specialized consumable fixturing costs and power consumption. Low running costs facilitate cost-effective flash MCU production.

-- Comprehensive Memory Test Functionality

Like the T5781, the T5782 also offers flash memory and DRAM test capabilities, enabling MCP (Multi Chip Package) test in addition to flash memory wafer and package test.

-- Compatible With Previous Models

The T5782 is compatible with the T5781 and the T5781ES (Engineering Station), a tester designed for lab use. Test programs developed on the T5781ES can be used for wafer test on the T5782, and for volume production on the T5781, making this trio of products a highly cost-effective test solution.

System pricing begins at 77 million yen and varies depending on configuration.

Key Specifications: Parallel Test Capacity: Up to 256 devices (X8bit IO / X9bit I/O, shared mode) Maximum Test Speed: 266MHz / 533Mbps (DDR mode) Test Head: 1 station About Advantest

Advantest Corporation is the world's leading automatic test equipment supplier to the semiconductor industry, and also produces electronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers and device handlers are integrated into the most advanced semiconductor production lines in the world. Founded in Tokyo in 1954, Advantest established its first subsidiary in 1982, in the USA, and now has subsidiaries worldwide. Among them, Advantest America, Inc. is based in Santa Clara, CA., Advantest (Europe) GmbH is based in Munich, Germany, and Advantest Taiwan Inc. is based in Hsinchu, Taiwan. More information is available at http://www.advantest.com/

Advantest Corporation

CONTACT: Amy Gold of Advantest America, Inc., +1-212-850-6670,
a.gold@advantest.com

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

TableMAX to Participate in Global Gaming Expo (G2E)TableMAX To Feature Fully Electronic Version Of Popular Texas Hold 'Em Bonus(R) Poker

LAS VEGAS, Nov. 14 /PRNewswire-FirstCall/ -- TableMAX Gaming Inc., a wholly owned subsidiary of TableMAX Corporation (Pink Sheets: TBLX), a developer of electronic table games (ETG), announced it will be participating in the upcoming Global Gaming Expo (G2E) in Las Vegas, Nov. 18-20. TableMAX will be unveiling electronic versions of two popular felt games soon to be available exclusively on its ETG platform. The exciting new product will be demonstrated in booth 2810.

Company executives will also be participating in the G2E 2008 Conference Program. TableMAX CEO Stephen Crystal will be presenting at the Goldman Sachs Deutsche Bank Gaming Investment Forum (Mon., Nov. 17), and Benjamin Parks, TableMAX VP of Sales, is speaking at the Signature Series: Deal with It: Learning to Love Electronic Table Games (Tues., Nov. 18).

"TableMAX has the exclusive electronic rights to some of the most popular felt table games ever introduced to the gaming industry. For the first time, we will be showcasing Texas Hold 'Em Bonus(R) Poker and Caribbean Draw(R) poker, both in electronic format, exclusively on the TableMAX platform," Crystal said.

TableMAX will introduce the first fully electronic table game version of Texas Hold 'Em Bonus Poker, which traditionally has had the fastest installation trajectory of any proprietary felt table game ever introduced. Texas Hold 'Em Bonus Poker is a new take on a classic game. Playing by standard Texas Hold 'Em rules, the player plays heads-up against the dealer with the option of placing a side bet which provides the chance to win life-changing progressive jackpots.

Rising in popularity around the world, Caribbean Draw(R) Poker is a variation of the classic five-card stud poker allowing the player to discard up to three cards. The game also includes a fifty-cent side bet which is linked to a progressive jackpot.

"The addition of Caribbean Draw poker and Texas Hold 'Em Bonus Poker to our current game library extends our product range, provides existing customers with new content options and increases our ability to enter and capture new markets in the fastest growing segment in the gaming industry," Crystal added. "With the current economic pressures negatively impacting many areas of the industry, we are pleased to see a sharp rise in recent sales activity and confirmed orders. The TableMAX value proposition allows casinos to provide popular table games, around the clock, at the lower end of the betting spectrum. For as little as a fifth of the cost to staff and operate as compared to the games' felt versions, the TableMAX platform has proved to be cost effective for operators, while maintaining the same or better hold percentage."

TableMAX will also be showcasing its widely popular Progressive Blackjack(R), as well as its exclusive electronic version of Caribbean Stud Poker.

Progressive Blackjack(TM) has just been successfully installed in California, for the company's first California install, bringing the placed international and domestic systems to 14 and the confirmed orders to 58.

ABOUT TABLEMAX

TableMAX is engaged in the manufacture, sale and distribution of a patented five-seat, multi-player electronic table game known as the TableMAX(R) System(TM). The TableMAX System is a state of the art multi-player video gaming machine that utilizes patented technology to provide electronic versions of popular traditional casino card games. The TableMAX game library includes Progressive Blackjack(TM) (Gaming Labs certified Sept. 2007), Caribbean Stud(R) Poker (Gaming Labs certified May 2008), Caribbean Draw(R) Poker (currently undergoing lab testing) and Texas Hold 'Em Bonus Poker(TM) (release expected in Q1 2009). To date, TableMAX has placed systems on a recurring revenue basis and outright purchase model. In April 2008, TableMAX launched its initial wide area network offering a progressive jackpot, linking TableMAX Systems in operations at two separate Tribal gaming establishments in Oklahoma. The wide area network is believed to be the first wide area progressive network on an electronic table game available anywhere in the world.

FORWARD LOOKING STATEMENTS

This release contains certain "forward-looking statements" relating to the business of the Company and its principal subsidiary, TableMAX Gaming, Inc., which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company 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.

Contact: Paul Speirs, Steinbeck Communications (702) 413-4278, paulspeirs@cox.net

TableMAX Gaming Inc.

CONTACT: Paul Speirs of Steinbeck Communications, +1-702-413-4278,
paulspeirs@cox.net, for TableMAX Gaming Inc.

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

Atari Goes for Gold and Announces My Horse & Me Sequel-Realistic and Extensive Equestrian Videogame Experience for Official FEI Licensed 'My Horse & Me: Riding For Gold'-

NEW YORK, Nov. 14 /PRNewswire/ -- Atari, Inc. one of the world's most recognized video game publishers, today announced the development of a new and dramatically enhanced iteration of its equestrian title, My Horse & Me, for Wii(TM) and Nintendo DS(TM). Scheduled to release in March 2009, My Horse & Me: Riding for Gold, provides horse enthusiasts with one of the most authentic, compelling equine experiences ever seen in a video game.

With the exclusive license from the FEI (International Equestrian Federation), one of the world's foremost horse sports organization, My Horse & Me: Riding for Gold, features competitions and courses based in actual US and European locations, realistic riding animations and models, extensive training, grooming, and vet activities, as well as custom horse and rider modes. The game also includes beautifully detailed environments and an engrossing storyline that captures the spirit, excitement, and pressure of equine competition.

The only horse game with a multi-player option, My Horse & Me: Riding for Gold capitalizes on the capabilities of Wii by turning the Wii Remote(TM) and Nunchuk(TM) into reins and offering extraordinarily precise controls.

"We are very proud to be part of My Horse & Me: Riding for Gold. The game is an achievement in capturing the authenticity of competition and care that is so essential to the welfare of the horse," said FEI Chief Executive Officer Alex McLin. "Whether you ride or not My Horse & Me is a rewarding and realistic experience for anyone who loves horses."

Rated "E" for Everyone, My Horse & Me: Riding for Gold will be available at retailers across North America March 10, 2009 for an suggested retail price of $29.99 for Wii and $19.99 for DS.

For more information on Atari and its entire product line-up please visit http://www.atari.com/.

For more information about the FEI please visit http://www.horsesport.org/. About Infogrames Entertainment and Atari

The Infogrames group, including Atari, Inc., is a global producer, publisher and distributor of interactive entertainment software for all market segments and all interactive game platforms including consoles from Microsoft, Nintendo and Sony Computer Entertainment, advanced smartphones, Personal Computers, web and online. Its games are sold in more than 60 countries through an international distribution network and direct to consumers via http://www.atari.com/.

The Infogrames group's extensive catalogue of popular games is marketed under the Atari brand and based on original franchises (Alone in the Dark, Test Drive, V-Rally, My Horse & Me, Backyard Sports franchise, Total Annihilation, Outcast etc.), publishing properties (The Witcher, Legendary, Race Pro etc.), international licenses (Dragon Ball Z, Dungeons & Dragons, Jamie Oliver etc.) and classic games covering the entire history of the video game industry (Pong, Missile Command, Asteroids etc).

About W!Games

W!Games (http://www.wgames.biz/) is a developer of games for console and PC. The studio is based in Amsterdam, the Netherlands and was founded in 2005. The studio is working on multiple projects of which the first is being published by Atari.

Safe Harbor Statement

With the exception of the historical information contained in this release, the matters described herein contain certain forward-looking statements. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may vary materially from those expressed or implied by the statements herein. Some of the factors which could cause our results to differ materially include the following: the loss of key customers; delays in product development and related product release schedules; inability to secure capital; loss of our credit facilities, adapting to the rapidly changing industry technology, including new console technology; maintaining relationships with leading independent videogame software developers; maintaining or acquiring licenses to intellectual property; fluctuations in quarterly net revenues and results of operations based on the seasonality of our industry; the termination or modification of our agreements with hardware manufacturers; and other factors.

The Company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the Company's expectations.

ATARI and the ATARI logo are trademarks or registered trademarks of Atari Interactive, Inc. or its affiliates.

Wii and Nintendo DS are trademarks of Nintendo.

The ESRB rating icons are registered trademarks of the Entertainment Software Association.

All other trademarks are the property of their respective owners.

Atari, Inc.

CONTACT: Penny Schenk of Humongous, Inc., +1-513-703-3309,
penny@humongous.com; or Beth Mellow of Dan Klores Communications,
beth_mellow@dkcnews.com, +1-212-685-4300

Web Site: http://www.atari.com/
http://www.wgames.biz/

eToys.com Lowers Prices on Over 1,300 Toys and Games in Advance of Holiday Shopping PushRecent Price Drops Join Array of Special Offers Now Available

DENVER, Nov. 14 /PRNewswire-FirstCall/ -- To help families stretch their holiday toy buying budget, Internet retailer eToys.com has lowered prices on over 1,300 toys and games, including several from its 2008 Holiday Toy Guide.

Billed as "Pre-Holiday Savings," the promotion features savings of up to 60% off regular prices. Included in the promotion are toy favorites such as My Little Pony, Hannah Montana, TMX Elmo, Martian Matters Alien maker spaceship and Transformers toys.

"We understand that consumers are looking for value this holiday season. We've made a strong commitment with our competitive pricing strategy and are constantly looking for ways to present value purchases to shoppers through the holidays," said Michael Wagner, CEO of The Parent, which operates eToys.com.

Featuring more than 20,000 gifts and toys, from best-sellers to hard-to-find specialty items, eToys.com also offers free standard shipping on hundreds of items. Additional budget-stretching offers from eToys.com include no payments for 90 days deferred billing through Bill Me Later and several free toy-with-purchase offers.

For more information about sales items as well as free shipping, deferred billing and free toy offers, go to http://www.etoys.com/ . Savings and special offers are also promoted in the online retailer's subscriber-based e-mail newsletters.

A member of The Parent Company, eToys.com has delivered over 28 million toys since 2001. The company is listed among Internet Retailer's Top 500 Retail Web Sites and has been awarded BizRate's prestigious Platinum Circle of Excellence, which is presented to an elite group of 100 retailers with consistently high scores on customer surveys.

ABOUT THE PARENT COMPANY

The Parent Company, Inc. is a leading commerce, content and new media company for growing families. The company provides comprehensive eCommerce and eContent resources to help families plan, play and grow. The company's toy business offers thousands of toys and children's products through its eToys.com web site, catalogs and strategic retail partnerships; and personalized dolls and accessories through its My Twinn.com brand. Through its baby business, the company is a leading online retailer of brand-name baby, toddler and maternity products sold through the BabyUniverse.com and DreamtimeBaby.com web sites. The company's luxury brands, PoshTots.com and PoshLiving.com, reach the country's most affluent consumers with luxury baby apparel and furnishings. With its content sites, BabyTV.com, PoshCravings.com and ePregnancy.com, The Parent Company has established a recognized platform for the delivery of content and new media resources to a national audience of expectant parents. The Parent Company is a market-leading digital content and eCommerce company focused on parents.

The Parent Company, Inc.

CONTACT: Julia Mayben, The Parent Company, +1-303-226-7041,
jmayben@parentco.com, of The Parent Company, Inc.

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

Satyam Named India's Most Admired Knowledge EnterpriseFirst company to win prestigious award four consecutive years

HYDERABAD, India and PARSIPPANY, N.J., Nov. 14 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. , a leading global consulting and information technology services provider, announced today that it has earned top honors at the prestigious "Most Admired Knowledge Enterprise (MAKE) Award - 2008" for the fourth consecutive year for Excellence in Knowledge Management. Satyam is the first company to win the award four years in a row.

Satyam was honored at the Confederation of Indian Industry (CII) Knowledge Summit on November 5th in Mumbai, where the best Indian Knowledge Management organizations are recognized based on an annual study, in which 16 organizations participated, conducted by the "Know Network." It took top honors for its "organizational learning," which included its ability to:

-- Create a learning organization -- Deliver value based on customer knowledge -- Transform enterprise knowledge into shareholder value

"We are honored to receive such a high-profile award in organizational learning, a discipline that means a great deal to our organization," said Vijay Prasad, Satyam's Chief Information Officer. "From its inception, Satyam has consistently innovated and advanced KM practices. Now that we are a global, networked organization, we strive to make KM extend beyond the company boundaries to include the entire ecosystem of partners and clients."

Satyam focuses on continuous improvement and professional development for all of its associates, as evidenced by the world-renowned Satyam School of Leadership and Satyam Learning Center. Both entities train employees to share knowledge with their partners, suppliers, customers -- even their customers' customers -- to optimize opportunities for breakthrough results. This approach has led to numerous innovations.

"Effective Knowledge Management is a catalyst for economic growth," said K.V. Kamath, CII President and Managing Director and Chief Executive Officer of ICICI Bank. "The more knowledge is allowed to flow, the more it grows. Sixty percent of India's GDP is generated by the service industry, and for those professionals, knowledge is key."

About Satyam

Satyam , a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and more than 65* countries.

Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's 52,865* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 690* clients, including 185* Fortune 500. For more information, see http://www.satyam.com/.

*As of September 30, 2008 For clarifications, write to us at: MediaRelations@Satyam.com Or contact our PR representatives: India Deepa Jayaraman, deepa.jayaraman@ipan.com +91-981-980-8681 Ajith Henry, ajith.henry@ipan.com +91-982-081-4870 US Melissa Baratta, mbaratta@ricochetpr.com +1-212-679-3300, ext. 118 Europe Sandeep Thawani, sandeep_thawani@satyam.com +44-783-010-3838 Asia-Pacific Dan Bleakman, dan@howorth.com.au +61-439-408-484 Reshma Wad Jain, reshma@wer1.net +65-98-140-507 Safe Harbor

This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward- looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading "Risk Factors" in our report on Form 6-K concerning the quarter ended September 30, 2008, furnished to the Securities and Exchange Commission on 07 November, 2008, and the other reports filed with the Securities and Exchange Commission from time to time. These filings are available at http://www.sec.gov/.

Satyam Computer Services Ltd.

CONTACT: India, Deepa Jayaraman, +91-981-980-8681,
deepa.jayaraman@ipan.com, or Ajith Henry, +91-982-081-4870,
ajith.henry@ipan.com; US, Melissa Baratta, +1-212-679-3300, Ext. 118,
mbaratta@ricochetpr.com; Europe, Sandeep Thawani, +44-783-010-3838,
Sandeep_Thawani@Satyam.com; Asia-Pacific, Dan Bleakman, +61-439-408-484,
Dan@howorth.com.au, or Reshma Wad Jain, +65-98-140-507, reshma@wer1.net, all
for Satyam Computer Services Ltd.

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

California Department of Education Approves Glencoe Literature: California TreasuresAll new research-based program for Grades 6-8 designed specifically for California

NEW YORK, Nov. 14 /PRNewswire/ -- The California State Department of Education has unanimously approved Glencoe/McGraw-Hill's secondary reading and language arts program, Glencoe Literature: California Treasures, for the 2008 Reading/Language Arts-English-Language Development adoption list.

"We are pleased the board of education has recognized that Glencoe Literature: California Treasures offers a program that addresses California standards and therefore meets the needs of California teachers and students," said Steve McClung, president of School Solutions Group, which includes Glencoe/McGraw-Hill. "Developed by a team of the nation's foremost reading and language arts experts, the program provides solutions for critical reading issues confronting the state."

Developed specifically for California, Glencoe Literature: California Treasures is a comprehensive collection of exceptional literature and engaging nonfiction with integrated skill development and targeted differentiated instruction for Grades 6-8.

This all-new print and digital program is customized to both California's language arts content and English language development standards, and instruction is informed by ongoing assessment of each student's strengths and needs.

Based on the latest research in reading and language arts, Glencoe Literature: California Treasures engages students in the learning process through high-interest literature and nonfiction presented through inquiry-based Big Questions and Big Ideas in each unit. Rich classics, a variety of contemporary works, and relevant content area selections prepare students for a lifetime of reading.

As part of the adoption requirements, the program meets the additional 30 minutes of daily instruction for English learners and struggling readers. To further assist English learners (ELs), Expressions, a supplemental English language development program, accompanies the core program. Through adapted and authentic selections and targeted instruction, EL students develop their skills in vocabulary, reading comprehension, writing, and literary elements.

All of the skills and strategies in Glencoe Literature: California Treasures are seamlessly integrated within the literature and nonfiction. Skills are scaffolded and spiraled throughout the program ensuring students master state standards.

For more information about Glencoe/McGraw-Hill's Glencoe Literature: California Treasures, please visit http://www.califtreasures.com/.

About Glencoe/McGraw-Hill

Glencoe/McGraw-Hill is part of McGraw-Hill School Solutions Group (MHSSG). The group combines Macmillan/McGraw-Hill, which focuses on Grades PreK-6, and Glencoe/McGraw-Hill, which serves Grades 6-12. MHSSG is the only major educational publishing business to provide a comprehensive approach to the development of print and digital instructional materials from pre-kindergarten through high school. Additional information is available at http://www.macmillanmh.com/.

About McGraw-Hill Education

McGraw-Hill Education, a division of The McGraw-Hill Companies, is a leading global provider of print and digital instructional, assessment and reference solutions that empower professionals and students of all ages. McGraw-Hill Education has offices in 33 countries and publishes in more than 60 languages. Additional information is available at http://www.mheducation.com/.

Glencoe/McGraw-Hill

CONTACT: Tom Stanton
McGraw-Hill Education
+1-212-904-3214
tom_stanton@mcgraw-hill.com
or
Yvonne Pentz
Paul Werth Associates
+1-614-224-8114
ypentz@paulwerth.com

Web site: http://www.mheducation.com/
http://www.macmillanmh.com/
http://www.califtreasures.com/

LDK Solar Signs Three-Year Wafer Supply Agreement With BP Solar

XINYU CITY, China and SUNNYVALE, Calif., Nov. 14 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. ("LDK Solar"; NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today announced that it has signed a three-year contract to supply multicrystalline solar wafers to BP Solar International, Inc.

Under the terms of the agreement, LDK Solar will deliver approximately 435 MW of multicrystalline silicon solar wafers over a three-year period, commencing in 2009 and extending through 2011. During this period BP Solar International will supply a minimum of 1,680 MT of silicon to LDK Solar.

"We are very pleased to extend our relationship with BP Solar," stated Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar. "This additional wafer supply contract expands our North American presence and further enhances LDK's position as a market leader."

"BP Solar has ambitious growth plans over the next few years. We are committed to our customers and ensuring that they receive high quality products at competitive prices. So we are delighted with this supply agreement with LDK Solar that supports this approach," commented Reyad Fezzani, CEO of BP Solar.

About LDK Solar

LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California.

About BP Solar International, Inc.

BP Solar is a global company with over 2300 employees. BP Solar designs, manufactures and markets products which use the sun's energy to generate electricity for a wide range of applications in the residential, commercial and industrial sectors. With over 30 years of experience and installations in more than 160 countries, BP Solar is one of the world's leading solar companies. BP Solar has manufacturing plants in Australia, India, Spain, the USA and China. BP Solar invests more than $10m annually in photovoltaic research and development. For more information, please visit http://www.bpalternativenergy.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of LDK Solar's operating results and financial condition, its ability to attract and retain qualified senior management personnel and research and development staff, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date hereof and on its current expectations, assumptions, estimates and projections about LDK Solar and the solar industry. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.

LDK Solar Co., Ltd.

CONTACT: Lisa Laukkanen of The Blueshirt Group, +1-415-217-4967,
lisa@blueshirtgroup.com, for LDK Solar; or Jack Lai, Executive VP and CFO
LDK Solar Co., Ltd., +1-408-245-8801, IR@ldksolar.com

Web site: http://www.ldksolar.com/
http://www.bpalternativenergy.com/

ZIM Corporation reports second quarter 2009 financial results

OTTAWA, Nov. 14 /PRNewswire-FirstCall/ -- ZIM Corporation (OTCBB: ZIMCF), a provider of software products and services for the database, mobile and IPTV markets; today announced its financial results for its second quarter ended September 30, 2008. All figures presented are calculated in accordance with generally accepted accounting principles (GAAP) in the United States and presented in US dollars.

Revenue for the quarter ended September 30, 2008 was $544,043, an increase of 22% from $446,686 for the quarter ended September 30, 2007. The improvement in revenue is primarily attributable to the increased sales from new software licenses, maintenance and consulting services related to our enterprise database products.

Net income for the quarter ended September 30, 2008 was $1,961 as compared to a net loss for the quarter ended September 30, 2007 of $101,207.

"I am pleased with our results this quarter" said Dr. Michael Cowpland, President and CEO of ZIM. "Despite very difficult global economic conditions, we are benefitting from our focus on our higher margin business segments and reduction in costs. We've made positive progress in the enterprise market and remain committed to controlling our cost structure as we focus on building our sales"

ZIM had cash of $457,326 as at September 30, 2008 as compared to $209,741 for the period ending September 30, 2007 and $ 401,525 at June 30, 2008 with no other outstanding debt.

About ZIM

ZIM is a provider of software products and services for the database, mobile and IPTV markets. ZIM products and services are used by enterprises in the design, development and management of business, database and IPTV applications. Certain of ZIM's mobile products are also provided to the consumer market. For more information on ZIM and its customers, partners and products, visit: http://www.zim.biz/.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the success of ZIM's aggregation services and ZIM's ability to enter the mobile content market. All forward-looking statements made in this press release relating to expectations about future events or results are made as of, and are based upon information available to ZIM as of, the date hereof. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those described or implied by any forward-looking statements. Factors that might cause such a difference include, but are not limited to, ZIM's limited operating history, ZIM's history of operating losses and expected future operating losses, ZIM's ability to obtain additional financing when needed, ZIM's ability to continue as a going concern, ZIM's reliance on wireless carriers to market and use its applications and services, possible fee increases by third party service providers, the potential loss of services of Dr. Michael Cowpland and other key personnel, rapid developments in technology, including developments by competitors, possible internal controls deficiencies and possible accounting adjustments resulting from our quarter-end accounting and review procedures, ZIM's ability to maintain current reporting under the Securities Exchange Act of 1934, and ZIM's ability to successfully integrate any acquisition. Please refer to ZIM's filings with the SEC for additional information regarding risks and uncertainties. Copies of these filings are available through the SEC's website at http://www.sec.gov/. ZIM assumes no obligation to revise or update publicly the forward-looking statements included in this news release, other than as required by law.

ZIM CORPORATION

CONTACT: John Chapman, ZIM Corporation, (613) 727-1397 x 121,
investorrelations@zim.biz

SGI Altix Systems Easily Deliver 4TB Main System Memory for Significant Application Performance and Productivity GainsSGI Altix 4700 Allows More Terabytes of SGI Global Shared Memory on Fewer Processors

SUNNYVALE, Calif., Nov. 14 /PRNewswire-FirstCall/ -- Silicon Graphics, Inc. (SGI) global shared memory architecture delivers large shared memory systems, larger than any other vendor. With the SGI(R) Altix(R) 4700 system, SGI provides a unique large shared memory advantage per core: for example, 2 terabytes (TB) of main system memory can run on only 8 processor cores. SGI customers, many with up to 4 terabytes (TB) of global shared memory, experience world-class performance and a user-friendly environment that allows scientists to focus on their research, thus enabling breakthroughs to come faster and more frequently.

In computer terms, "global shared memory" means that a system's main memory can be accessed from all of its processors, as opposed to distributed cluster memory (in which the four to eight processor cores on a single node can only access the memory, 16GB to 64GB of memory, on that node). A system that supports global shared memory provides a number of significant performance, productivity, and system administration benefits:

-- Much larger and more detailed models of physical systems can be entirely memory resident, eliminating I/O and making processing more efficient. Consider, for example, modeling not only the turbine blades of an aircraft engine, but the complete engine.

-- Applications that do random I/O on large data sets can experience up to a 1,000X performance increase by bringing the entire dataset into main memory.

-- Decreased time to insight since applications can be rapidly prototyped with their full memory requirements and incrementally optimized using threads, message passing, partitioned global address space languages like Unified Parallel-C, or mixed programming paradigms.

Around the world, SGI Altix 4700 systems are equipped with many terabytes of GSM. In the 1TB to 4TB system main memory range, SGI Altix system users include many hospital and biomedical research centers, universities, weather services and automotive engineering design. For example:

-- The Pittsburgh Supercomputing Center acquired two SGI Altix 4700 systems earlier this year. The larger system (768 processors, 1.5TB of shared memory) is integrated into the TeraGrid, the National Science Foundation (NSF) program of comprehensive cyberinfrastructure, substantially increasing the shared memory capability available through NSF for U.S. science and engineering research.

-- McLaren Racing is one of the most successful teams in the history of Formula 1, having won more than 150 Grands Prix, eight constructors' world titles, and 12 drivers world titles including the 2008 championship won by Lewis Hamilton. An SGI compute, storage and visualization customer since 2005, Vodafone McLaren Mercedes recently added an SGI Altix system with 1.3TB shared memory and 256 processors. The new system will run computational fluid dynamics (CFD) to simulate airflow, minimize drag and maximize top-end speed for race car design.

-- The China National Satellite Meteorological Center (NSMC) recently deployed China's largest shared-memory computer -- and the fourth most powerful computer in the country -- to ensure the successful launch of China's new polar-orbiting meteorological satellite, FENGYUN-3. The SGI Altix system, with 1,280 processor cores and 4TB of shared memory, was initially used to fine-tune the software scientists and engineers at NSMC developed to effectively ingest, process and distribute data sent by the new satellite. It is now ready to handle the NSMC's remote sensing data preprocessing, replay data processing, simulation tests, Archival and Retrieval Service System (ARSS) database, and new application development requirements.

With the SGI(R) NUMAflex(R) architecture, the SGI Altix 4700 system couples the large physical address space of the Intel(R) Itanium(R) 2 processor with a system interconnect capable of distributing that address space seamlessly across hundreds or even many thousands of nodes.

"We see the capability of multi-terabyte large shared memory in the SGI Altix 4700 system as something that's highly differentiated and very interesting in the industry," said Bill Mannel, SGI director of server product management. "The growing number of customers selecting systems of this size speaks to the unique large shared memory advantage per core: you don't need vast numbers of CPUs to achieve large memory systems."

Additional Information:

-- For more information on SGI Altix systems with GSM visit: http://www.sgi.com/products/servers/altix/4000/ or http://www.sgi.com/products/servers/altix/memory.html

-- China's Largest Shared Memory Supercomputer Installed at National Satellite Meteorological Center (Press Release, January 21, 2008) http://www.sgi.com/company_info/newsroom/press_releases/2008/january/china_nsmc.html

-- SGI Altix Global Shared Memory: Performance and Productivity Breakthroughs for the SGI Altix 4000 Series and SGI Altix 450 (White Paper) http://www.sgi.com/pdfs/3785.pdf

-- Pittsburgh Supercomputing Center Contracts for SGI Shared Memory Systems (Press Release, January 16, 2008) http://www.psc.edu/publicinfo/news/2008/2008-1-16-PSCSGI.php

-- Solutions Brief: McLaren Racing: Getting to the Front of the Grid (Success Story) http://www.sgi.com/pdfs/3896.pdf

Silicon Graphics, Inc.

Silicon Graphics, Inc. (SGI) , is a leader in high-performance computing. SGI delivers a complete range of high-performance server, visualization, and storage solutions along with industry-leading professional services and support that enable its customers to overcome the challenges of complex data-intensive workflows and accelerate breakthrough discoveries, innovation and information transformation. SGI solutions help customers solve their computing challenges whether it's enhancing the quality of life through drug research, designing and manufacturing safer and more efficient cars and airplanes, studying global climate, providing technologies for homeland security and defense, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Sunnyvale, California, and can be found on the Web at http://www.sgi.com/.

SGI, the SGI cube, Altix, and the SGI logo are registered trademarks, and NUMAflex is a trademark, of SGI in the United States and/or other countries worldwide. Intel and Itanium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries. All other trademarks mentioned herein are the property of their respective owners.

Marla Sims-Robinson PR Programs Manager Silicon Graphics, Inc. marlar@sgi.com Home office: 256.773.2371 PR Hotline: 408-524-2810 http://www.sgi.com/company_info/newsroom/ Note: The new main phone number for SGI corporate headquarters is 408-524-1980.

Silicon Graphics, Inc.

CONTACT: Marla Sims-Robinson, PR Programs Manager, +1-256-773-2371,
marlar@sgi.com, or PR Hotline, +1-408-524-2810, both of Silicon Graphics,
Inc.

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

Atom.com and COMEDY CENTRAL(R) Say Farewell to Dubya with 'Face to Bush' - a New Series of Presidential Exit Interviews Airing Online, on TV and BeyondShort Parodies Created by Comedy Legend Bob Odenkirk Debut on Atom.com Today and on COMEDY CENTRAL During "Friday Night Stand-Up" on November 14 Beginning at 10:00 P.M.*

NEW YORK, Nov. 14 /PRNewswire/ -- Ready to hear George Bush's postmortem analysis of his own presidency, before it's over? Get ready for Bush and more Bush in the ultimate presidential exit interview spoofs! "Dubya" impersonator James Adomian stars in "Face to Bush," a series of all-new video shorts co-created by comedy all-star Bob Odenkirk (Mr. Show with Bob and David).

"Face to Bush" is slated for multiplatform release on COMEDY CENTRAL and on Atom.com, the comedy network's partner for the development and distribution of original digital comedy content. The first five "Face to Bush" episodes have debuted on Atom.com (http://bush.atom.com/), with six more slated for online release in the coming weeks. Five episodes will premiere tonight, November 14, as interstitials during COMEDY CENTRAL's "Friday Night Stand-Up" beginning at 10:00 P.M. Atom.com will also distribute the content to other outlets including online partners such as MySpace Comedy, Yahoo! Video, Salon and Dailymotion and mobile partners including AT&T. COMEDY CENTRAL's late night "Atom TV" series will air the episodes in January as Bush prepares to leave office.

Thanks to the probing questions of series host Mary McQueegle, fresh off the infomercial circuit, "Face to Bush" tackles a variety of important subjects including:

-- Why Abe Lincoln was the worst president ever -- The housing market and Bush's future career as a "Realitor" -- Jesus -- Vladimir Putin's soul -- Dick Cheney as puppet master and latenight dining advisor

Actor James Adomian, who plays Dubya, recently portrayed the 43rd president in this year's big screen hit, "Harold and Kumar Escape from Guantanamo Bay." He also portrayed Bush on COMEDY CENTRAL's "Indecision 2008" Tour.

"Face to Bush" was written and directed by Bob Odenkirk, Leon Mandel, and Andy Fisher, with Adomian also serving as a co-writer. Odenkirk is well known for his HBO sketch comedy show with David Cross, "Mr. Show with Bob and David." He has also directed feature comedy films such as "Let's Go to Prison" (2006) and "The Brother's Solomon" (2007).

"Face to Bush" was produced by The Wolverines, a production team including Naomi Odenkirk, Bob Odenkirk, Leon Mandel and Andy Fisher.

About Atom.com

Atom.com, a division of Viacom Inc.'s MTV Networks, is a digital comedy network for young men that reaches millions of consumers each month on the Atom.com Web site and millions more through multiplatform distribution on television, mobile phones, and the Internet. Drawing on a strategic partnership with COMEDY CENTRAL and its own 10-year history of online video innovation and leadership (formerly as AtomFilms), Atom.com delivers Web comedy like nobody else.

*All Times ET/PT

MTVN Entertainment Group

CONTACT: Jamie Lee, +1-212-767-3949, jamie.lee@comedycentral.com

Web Site: http://bush.atom.com/
http://www.atom.com/

Sloan-C International Conference on Online Learning Goes Online via MediasiteAs Conference Technology Sponsor, Sonic Foundry webcasted sessions for the first time in the conference's 14-year history

MADISON, Wis., Nov. 14 /PRNewswire-FirstCall/ -- Sonic Foundry, Inc. , the recognized market leader for rich media webcasting and knowledge management, today announced that the company's Event Services (http://www.sonicfoundry.com/eventservices) group webcasted the 14th Annual Sloan-C International Conference on Online Learning last week in Orlando, Florida. The conference provided the latest information on asynchronous learning programs for experienced professionals and interested newcomers to online learning from a variety of work sectors. Recorded sessions include the opening and closing remarks, the keynote speaker, as well as five featured sessions.

In August, Sloan-C conducted a brief survey to gauge member interest in streaming the conference sessions. Results from the survey revealed overwhelming support for webcasting, with 95 percent of respondents expressing interest in having access to the archived sessions, and over half stating they not only would attend the conference, but also sign up to watch the streaming presentations at a later time. Comments accompanying the survey responses clearly supported the value of having a knowledge archive for reference after the conference and the ability to watch sessions that attendees may miss due to scheduling conflicts on-site during the event.

"Sloan-C felt it was time to webcast the annual conference, given that its mission is to make quality online education a part of everyday life, accessible and affordable for anyone, anywhere, at any time, in a wide variety of disciplines," said Patrick Wagner, Manager for the Sloan-C Annual Conference. "By partnering with Sonic Foundry to record and stream important sessions, we can broaden access to the valuable knowledge shared at this annual event, and through Mediasite, it's available on-demand after the conference for our registrants and members."

Moreover, given current economic conditions and increasing budget restraints on travel, several members provided feedback that while attending in person is ideal, disseminating conference material online is now essential to their professional development. "Our institution has cut back on travel expenses, so it would be a way for me to attend without losing out on all on the valuable information," observed one member.

The Sloan Consortium is a professional leadership organization dedicated to integrating quality online education into the mainstream of higher education. Sloan-C assesses program effectiveness using its five pillars of quality (http://www.sloan-c.org/5pillars): learning effectiveness, scale, access, faculty and student satisfaction. After the event, Sloan-C and Sonic Foundry will evaluate the conference webcasting initiative against these principles.

The International Conference on Online Learning (http://www.sloan-c.org/conference/index.asp) was webcasted by Sonic Foundry's Event Services group, which consists of systems engineers and project managers with an extensive knowledge of audio/video production and webcasting. The group and its strategic partners supply technical webcasting services and expertise to organizations who seek to complement their conference or event with viewing over the web. Since its launch in January 2007, the Event Services group has provided live and on-demand webcasting for clients ranging from Fortune 500 corporations and university associations to sporting events and charitable organizations.

Since its introduction in 2003, Sonic Foundry's Mediasite has set the standard as a transformational communication medium for delivering critical information and sharing knowledge. The patented Mediasite webcasting and content management system quickly and cost-effectively automates the capture, management, delivery and search of rich media presentations that combine audio, video and accompanying graphics for live or on-demand viewing.

About Sloan-C

The Sloan Consortium (http://www.sloan-c.org/) supports the collaborative sharing of knowledge and effective practices to improve online education in learning effectiveness, access, affordability for learners and providers, and student and faculty satisfaction. Sloan-C maintains a catalog of degree and certificate programs offered by a wide range of regionally accredited member institutions, consortia, and industry partners; provides speakers and consultants to help institutions learn about online methodologies; hosts conferences and workshops to help implement and improve online programs; publishes the Sloan-C View, the Journal of Asynchronous Learning Networks (JALN), and annual volumes of applied research studies; and conducts research, annual surveys on online learning and forums to inform academic, government and private sector audiences. Sloan-C also offers an awards program and an effective practices database so members can share the lessons they have learned. Members include (1) private and public universities and colleges, community colleges and other accredited course and degree providers, and (2) organizations and suppliers of services, equipments, and tools that practice the Sloan-C quality principles.

About Sonic Foundry(R), Inc.

Sonic Foundry is the global leader for rich media webcasting and knowledge management, providing enterprise communication solutions for more than 1,200 customers in education, business and government. Powered by Mediasite, the patented webcasting platform which automates the capture, management, delivery and search of lectures, online training and briefings, Sonic Foundry empowers people to transform the way they communicate. Through the Mediasite platform and its Events Services group, the company helps customers connect a dynamic, evolving world of shared knowledge and envisions a future where learners and workers around the globe use webcasting to bridge time and distance, accelerate research and improve performance.

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/
http://www.sloan-c.org/

Carlisle, Pennsylvania, Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access, and Music

CARLISLE, Pa., Nov. 14 /PRNewswire/ -- In a continuing effort to provide the best wireless service for its customers in Carlisle, Verizon Wireless has expanded its network with a new cell site. The new site increases coverage and capacity for customers along Interstate 81, as well as north along Route 34, Ridge Street and Willow Street, as well as westbound along Walnut Bottom Road. Coverage and capacity will also increase for shoppers at the Wal-Mart and Home Depot retail area in Carlisle.

The company has spent more than $190 million so far this year to expand and enhance its wireless network across central, northeastern and southeastern Pennsylvania, southern New Jersey and Delaware, bringing the network investment in the region to more than $1.2 billion since 2001. Nationally, the company has invested more than $48 billion since it was formed to increase the coverage and capacity of its national network and to add new services, including wireless data services such as picture messaging and text messaging and the company's exclusive V CAST service. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network. Verizon Wireless' high-speed third generation wireless broadband network has been enhanced with EV-DO Rev. A technology. This enhancement allows customers who use the company's flagship business data service, BroadbandAccess, to interact with Web-based applications, download music over-the-air, access to e-mail, everyday corporate data, the Internet, and more at speeds that are eight to nine times faster than before. For example, BroadbandAccess customers with Rev. A compatible devices can now expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps, which means customers can download a 1 megabyte e-mail attachment - the equivalent of a small PowerPoint(R) presentation or a large PDF file - in about eight seconds and upload the same sized file in less than 13 seconds.

Strong demand for Verizon Wireless services continued during the third quarter of 2008 as the company added 1.5 million net new customers. For the 16th consecutive quarter, Verizon Wireless also led the wireless industry with an all-time high in customer loyalty. The company posted a churn (customer turnover) rate of just 1.33 percent, well below the rate reported by the other major wireless carriers.

Verizon Wireless tests its network and those of its competitors to ensure the Verizon Wireless network remains the Nation's most reliable. Nationally, Verizon Wireless' real-life test men and women drive 90 specially equipped vehicles almost 1 million 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 determine if 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 70.8 million customers. Headquartered in Basking Ridge, N.J., with 71,000 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: Brett Marcy, +1-717-231-5340; or Sheldon Jones,
+1-215-638-5668, Sheldon.jones@verizonwireless.com, both of Verizon Wireless

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

Edwardsville, Pennsylvania, Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access, and Music

EDWARDSVILLE, Pa., Nov. 14 /PRNewswire/ -- In a continuing effort to provide the best wireless service for its customers in Luzerne County, Verizon Wireless has expanded its network with a new cell site. The new site increases coverage and capacity for customers in and around Edwardsville. Specifically, coverage and capacity will increase along Route 11 in Edwardsville south toward Plymouth, east along Market and Northampton Streets and west along Luzerne Avenue in Edwardsville. Coverage and capacity will also increase for shoppers visiting the Gateway Shopping Center on Wyoming Avenue.

The company has spent more than $190 million, to expand and enhance its wireless network across central, northeastern and southeastern Pennsylvania, southern New Jersey and Delaware, bringing the network investment in the region to more than $1.2 billion since 2001. Nationally, the company has invested more than $48 billion since it was formed to increase the coverage and capacity of its national network and to add new services, including wireless data services such as picture messaging and text messaging and the company's exclusive V CAST service. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network. Verizon Wireless' high-speed third generation wireless broadband network has been enhanced with EV-DO Rev. A technology. This enhancement allows customers who use the company's flagship business data service, BroadbandAccess, to interact with Web-based applications, download music over-the-air, access to e-mail, everyday corporate data, the Internet, and more at speeds that are eight to nine times faster than before. For example, BroadbandAccess customers with Rev. A compatible devices can now expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps, which means customers can download a 1 megabyte e-mail attachment - the equivalent of a small PowerPoint(R) presentation or a large PDF file - in about eight seconds and upload the same sized file in less than 13 seconds.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 70.8 million customers. Headquartered in Basking Ridge, N.J., with 71,000 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: Brett Marcy, +1-717-231-5340; or Sheldon Jones,
+1-215-638-5668, Sheldon.jones@verizonwireless.com, both of Verizon Wireless

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

OAG (Official Airline Guide) Web Site Wins 2008 WebAward

EAST WINDSOR, N.J., Nov. 14 /PRNewswire/ -- Commonwealth Business Media's (http://cbizmedia.com/) OAG (Official Airline Guide) Web Site (http://www.oag.com/), has won the 2008 WebAward in the B2B Standard of Excellence for Outstanding Achievement in Website Development category. Organized by The Web Marketing Association and now in its 12th year, the WebAwards is the premier annual website award competition that names the best Web sites in 96 industries while setting the standard of excellence for all website development.

The OAG website was designed and developed by Geary Interactive (http://www.gearyi.com/), a full-service digital marketing agency based in San Diego, California. The firm was charged with creating an online destination to mirror the new scope of OAG Travel Solutions and the magnitude of the global travel and flight information they provide for the business consumer. Geary re-designed the web site with a sophisticated, contemporary spin that is easy to navigate for end users. An entire suite of services was implemented to market OAG's print, data and online products.

"We are excited that our new web site has been recognized with a Standard of Excellence in the WebAwards", said Steve Casley, COO of OAG. "As an established global brand, OAG is committed to offering our expertise on global flight data to the consumer through the use of creative interactive campaigns. Geary has been able to provide the tools to support OAG's new intelligent online Travel Planner Pro tool that allows us to be an all-in-one travel resource web site for businesses and consumers to research, plan and book their business travel plans."

The site was judged on seven different criteria: design, innovation, content, technology, interactivity, copywriting and ease of use. "We were especially pleased with our scores for innovation, technology and interactivity, which were ranked 8.0, 8.0 and 8.5 respectively, against the industry average for B2B sites of 6.7, 7.0 and 7.2," said Casley.

About OAG (Official Airline Guide)

OAG (http://www.oagcorporate.com/) is a global flight information and data solutions company for the passenger aviation, air cargo logistics and business travel markets. The business is underpinned by its data management expertise. OAG is best known for its airline schedules database which feeds the world's global distribution systems and travel portals and drives the internal systems of many airlines, air traffic control systems, aircraft manufacturers, airport planners and government agencies.

OAG is part of Commonwealth Business Media, a wholly owned subsidiary of United Business Media Limited.

About Commonwealth Business Media (http://www.cbizmedia.com/)

Commonwealth Business Media Inc., a subsidiary of United Business Media Limited, is the leading information provider to the global trade, transportation and travel market with comprehensive proprietary data, news and analytical content. Its leading brands include The Journal of Commerce, PIERS Global Intelligence Solutions, OAG (Official Airline Guide), Air Cargo World, Traffic World, and Aviation Industry Group, plus a number of directory databases covering the international trade, railroad and trucking markets. The company also produces more than 30 conferences serving the international trade, aviation and maritime markets.

About United Business Media Limited (http://www.unitedbusinessmedia.com/)

United Business Media Limited (UBM) is a global media and marketing services company that informs markets and brings the world's buyers and sellers together at events, online, in print, and with the information they need to do business successfully. UBM serves professional and commercial communities, from IT professionals to doctors, from journalists to jewelry dealers, from farmers to pharmacists around the world. UBM employs more than 6,500 people in more than 30 countries. UBM's businesses include CMPMedica, Commonwealth Business Media, Everything Channel, PR Newswire, RISI, TechInsights, TechWeb and Think Services. UBM is listed on the London Stock Exchange (UBM.L) and has a market capitalization of $2.5 billion.

Official Airline Guide

CONTACT: Jill Rodby, Vice President, Communications, Commonwealth
Business Media, +1-415-847-6768, jrodby@cbizmedia.com

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

Verizon Wireless Launches Eighth Annual 'Kids In Need Holiday Drive'Toys, Games, Books Being Collected For Distribution to Local Domestic Violence Shelters In New England

WILMINGTON, Mass., Nov. 14 /PRNewswire/ -- To make the holidays a little brighter for children living in domestic violence shelters, Verizon Wireless is conducting its 'Kids In Need Holiday Drive' for the eighth consecutive year at its Communications Stores throughout New England. Each store has 'adopted' a local domestic violence shelter in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, and will collect new, unwrapped toys, games, and books for children ranging in age from infants to teens.

From November 15th through December 15th, Verizon Wireless Communications Stores throughout the region will collect donations for the Kids In Need Holiday Drive. Items collected will be donated to local domestic violence shelters. Verizon Wireless has organized this outreach as a part of the company's continued support of survivors of domestic violence and their families.

"When children flee a home due to domestic abuse, they often do so with only the clothes on their back, leaving a favorite toy or book behind," said Ken Dixon, president of the New England Region for Verizon Wireless. "We remain committed to helping survivors of domestic violence and their families. This is one more way we can help, specifically aiding the youngest victims, during the holidays."

Media partners for the drive are FOX25 and WROR-FM in Massachusetts, and WTNH, News Channel 8 in Connecticut. The Massachusetts Bay Transportation Authority's (MBTA) South Station (200 Summer Street in Boston) will also serve as an additional collection point for donations.

The Kids In Need Holiday Drive is one component of the Verizon Wireless HopeLine(R) program, created to put wireless products and services to work to prevent domestic violence and raise awareness of the issue. Today, the multi-faceted program includes a wireless phone recycling program (accepting no-longer-used wireless phones -- any make or model, from any wireless carrier), financial support for regional and national non-profit domestic violence organizations, community and corporate awareness programs, and partnerships with agencies, professional sports teams, educational institutions and corporations nationwide. No-longer-used phones can be donated to HopeLine at Verizon Wireless Communications Stores year-round.

Since 2001, more than 5.3 million phones have been donated to HopeLine. As a result, Verizon Wireless has distributed approximately $5.6 million in cash grants, and more than 60,000 phones, with more than 180 million minutes of free wireless service, to domestic violence prevention agencies and organizations throughout the country for use by victims of domestic violence. Nearly one million no-longer-used wireless phones have been recycled in an environmentally friendly way, keeping more than 200 tons of electronic waste and batteries out of landfills.

About Verizon Wireless

Verizon Wireless

CONTACT: Michael Murphy of Verizon Wireless, +1-781-932-1213,
Michael.murphy@verizonwireless.com; or David Thomson of Thomson Communications
for Verizon Wireless, +1-978-808-7700, David@thomsoncommunications.com

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

Perot Systems Acquires Tellurian Networks, Inc.Acquisition Builds on Perot Systems Strength as The Leading Provider of Healthcare IT Solutions

PLANO, Texas, Nov. 14 /PRNewswire-FirstCall/ -- Perot Systems Corporation (http://www.perotsystems.com/) today announced that it has acquired substantially all of the assets of Tellurian Networks, Inc., a leading managed services hosting provider of Electronic Medical Records (EMR) and Practice Management (PM) applications to physician groups. Tellurian is based in Newton, NJ and has operations in New Jersey and California. Financial terms were not disclosed.

Tellurian serves physician practice groups with an innovative managed services hosting model that provides physicians with world-class technology, such as EMR and PM applications on a per-doctor and per-user basis. This model enables physician groups to lower and control costs while improving patient care. Perot Systems, which provides comprehensive healthcare solutions to primarily large provider-owned practices and academic medical centers, acquired Tellurian to broaden its reach into a greater component of the physician practice group market.

"We are pleased to welcome Tellurian's associates to the Perot Systems global team," said Peter Altabef, president and CEO of Perot Systems Corporation. "With its demonstrated expertise and commitment to operational excellence, Tellurian will enhance our expanding worldwide healthcare IT services capabilities."

"We are excited to be joining Perot Systems," said Robert Boyle, CEO of Tellurian Networks Inc. "Perot Systems' global delivery model, its outstanding people, and healthcare experience will enable us to strengthen the already high level of service we provide for our existing clients. These same capabilities will also provide new opportunities to leverage the combined organizations' relationships and increase adoption of our hosting solutions for both the acute and ambulatory healthcare segments."

"The managed services hosting model for medical applications is an attractive fit to our existing healthcare IT implementation and consulting business. Our Physician Solutions and Revenue Cycles Solutions groups can now offer small physician practices lower cost alternatives to traditional integrated solutions," stated Chuck Lyles, President of the Perot Systems healthcare group.

Following the acquisition, all of the Tellurian associates, working from locations in Newton, N.J. and Los Angeles, CA. will join Perot Systems. Currently, Tellurian's hosting serves 94 physician clients, 565 practice locations, representing 13,000 physicians.

About Tellurian Networks

Tellurian Networks is a nationwide provider of electronic practice management and medical records hosting solutions. Tellurian was founded in 1995 and has over 94 physician clients at 565 practice locations, representing 13,000 physicians. With clients around the world, Tellurian provides managed hosting services along with Internet connectivity, email and web hosting, spam and anti-virus protection, and co-location services. For more information, visit http://www.tellurian.com/, or phone 1-888-TELLURIAN.

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.

Jonathan Moss +1 972 577 6395 jonathan.moss@ps.net Joe McNamara +1 972 577 6165 joe.mcnamara@ps.net

Perot Systems Corporation

CONTACT: Joe McNamara, +1-972-577-6165, joe.mcnamara@ps.net, or Jonathan
Moss, +1-972-577-6395, jonathan.moss@ps.net, both of Perot Systems
Corporation

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

Company News On-Call: http://www.prnewswire.com/comp/122686.html

Fusion Reports Third Quarter 2008 Results

NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- Fusion today announced financial results for the quarter ended September 30, 2008.

Recent Highlights: -- Consolidated Revenues increased 8.7% from $13.4 million, to $14.5 million for third quarter 2008; -- Adjusted EBITDA decreased 8.7% over third quarter 2007; -- Raised $2.0 million in debt and equity financing; -- Revenues from Corporate customers increased 48% over prior quarter; -- Over 130,000 visitors to Jinti, the Chinese social networking site, have registered for Fusion's Efonica VoIP services.

Fusion reported Consolidated Revenues of $14.5 million for the quarter ended September 30, 2008. This represented an increase of 8.7% compared to revenues of $13.4 million for the quarter ended September 30, 2007. The increase over the prior year was primarily attributable to an increase in the number of minutes as well the revenue per minute in the Carrier segment in the third quarter of 2008 compared to the third quarter of 2007.

Consolidated Gross Margin decreased slightly to 6.2% in the third quarter of 2008 compared to 7.5% in the third quarter of 2007.

Selling, General and Administrative costs decreased slightly by 0.7% compared to the third quarter of 2007, but decreased 5.7% from the previous quarter. The improvement was primarily attributable to the Company's continuing focus on cost-containment and maximizing infrastructure efficiencies.

For the third quarter ended September 30, 2008, Adjusted EBITDA loss (earnings before interest, taxes, depreciation, amortization, and specific non-recurring and non-cash adjustments) increased $146 thousand, or (8.7%), to ($1.83) million, compared to Adjusted EBITDA of ($1.68) million for the third quarter of 2007. Fusion also reported an increase in Net Loss in the third quarter of the current year compared to the third quarter of the prior year. For the third quarter of 2008, Fusion reported a Net Loss of ($2.57) million or ($0.07) per share compared to a net loss of ($2.37) million or ($0.09) per share during the quarter ended September 30, 2007.

As of September 30, 2008, the Company had current assets of $4.6 million compared to $6.3 million as of December 31, 2007. The decrease was primarily a result of a decrease in Accounts Receivable due to early receipt in the first quarter of 2008 of certain receivables. Total Liabilities and Stockholders' equity at September 30, 2008 was $15.3 million compared to $18.1 million as of December 31, 2007.

In the third quarter of 2008, the Company raised an additional $0.9 million in debt and equity financing.

Commenting on the results, Matthew Rosen, Chief Executive Officer of Fusion, said, "The third quarter of 2008 was a challenging one for Fusion, as it was for all companies in these difficult economic times. We believe, however, that competitive telecommunications providers like Fusion will benefit as companies small and large seek to reduce costs and enhance the basic communications services that support their businesses. Even in such a challenging economic environment, we are pleased to report that both revenues and EBITDA improved from the second quarter of this year."

Expanding on Mr. Rosen's comments, Don Hutchins, President and Chief Operating Officer of Fusion, said, "We are particularly pleased with the 28% growth in our carrier business over the second quarter, and believe that the 48% growth in higher margin Corporate revenues will be enhanced by the expansion of our direct sales force in the current quarter. Additionally, Fusion's strong international distribution initiatives, such as our strategic marketing relationship with Jinti, the well-known Chinese social networking site, will continue to play a key role in Fusion's future success."

Use of Non-GAAP Financial Measures:

The Company believes that EBITDA (earnings before interest, taxes, depreciation and amortization) is useful to investors because it is commonly used in the communications industry to analyze companies on the basis of operating performance and leverage. The Company also believes that EBITDA provides investors with a measure of the Company's operational and financial progress that corresponds with the measurements used by management as a basis for allocating resources and making other operating decisions. Adjusted EBITDA provides an adjusted view of EBITDA that takes into account certain significant nonrecurring transactions, such as impairment losses associated with divested businesses and forgiveness of debt, which vary significantly between periods and are not recurring in nature. Although the Company uses Adjusted EBITDA as one of several financial measures to assess its operating performance, its use is limited as it excludes certain significant operating expenses. EBITDA and Adjusted EBITDA are not intended to represent cash flows for the period presented, nor have they been presented as an alternative to operating income or as an indicator of operating performance and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with Generally Accepted Accounting Principles (GAAP). Consistent with the SEC Regulation G, the non-GAAP measures in this press release have been reconciled to the nearest GAAP measure, which can be viewed under the heading "Reconciliation of Net Income (Loss) to Adjusted EBITDA," immediately following the Consolidated Statements of Operations included in this press release.

Earnings Conference call

The Company will host a conference call to discuss its financial results at 10:00 A.M. ET today. The conference call can be accessed by dialing 877-604-9675. A replay of the call will be available through Monday, November 17, 2008. To listen to the replay, please call 888-203-1112 (Domestic) or 719-457-0820 (International). To access the replay, users will need to enter the following passcode: 6422186. The call will be available live on the Internet at http://www.fusiontel.com/. The online archive of the web cast will be available for one year following the call.

About Fusion:

Fusion delivers a full range of advanced IP-based services to corporations, consumers and carriers worldwide. Fusion's Efonica-branded consumer VoIP products and services focus primarily on serving customers in Asia, the Middle East, Africa, Latin America and the Caribbean. For more information please go to http://www.fusiontel.com/ .

Statements in this Press Release that are not purely historical facts, including statements regarding Fusion's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, introduction of products in a timely fashion, market acceptance of new products, cost increases, fluctuations in and obsolescence of inventory, price and product competition, availability of labor and materials, development of new third-party products and techniques that render Fusion's products obsolete, delays in obtaining regulatory approvals, potential product recalls, securing necessary funding and litigation. Risk factors, cautionary statements and other conditions which could cause Fusion's actual results to differ from management's current expectations are contained in Fusion's filings with the Securities and Exchange Commission and available through http://www.sec.gov/.

FUSION TELECOMMUNICATIONS INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS Three Months Ended September 30, 2008 2007 (Un-Audited) (Un-Audited) Revenues $14,515,430 $13,356,679 Operating expenses: Cost of revenues 13,608,525 12,355,657 Depreciation and amortization 470,582 437,920 Selling, general and administrative expenses 2,874,173 2,894,804 Advertising and Marketing 35,549 36,472 Total operating expenses 16,988,829 15,724,853 Operating loss (2,473,399) (2,368,174) Other income (expense) Interest income (expense), net (126,564) (10,393) Gain on settlement of debt 25,000 - Other 3,230 7,579 Total other income (expense) (98,334) (2,814) Loss from continuing operations (2,571,733) (2,370,988) Net loss $(2,571,733) $(2,370,988) Losses applicable to common stockholders Loss from continuing operations $(2,571,733) $(2,370,988) Preferred stock dividends (161,214) (161,214) Net loss applicable to common stockholders from continuing operations (2,732,947) (2,532,202) Income from discontinued operations - - Net loss applicable to common stockholders $(2,732,947) $(2,532,202) Basic and diluted net loss per common share: Loss from continuing operations $(0.07) $(0.09) Income (loss) from discontinued operations - - Net loss applicable to common stockholders $(0.07) $(0.09) Weighted average shares outstanding Basic and diluted 37,151,093 26,967,117 FUSION TELECOMMUNICATIONS INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET September 30, 2008 December 31, 2007 (Un-Audited) (Audited) ASSETS Current assets Cash and cash equivalents $477,073 $114,817 Accounts receivable, net of allowance 3,530,394 5,545,408 Prepaid expenses and other current assets 458,506 481,556 Assets held for sale 129,231 129,231 Total current assets 4,595,204 6,271,012 Property and equipment, net 4,348,190 5,425,846 Other assets Security deposits 58,882 66,638 Restricted cash 416,566 416,566 Goodwill 964,557 964,557 Intangible assets, net 4,868,317 4,892,215 Other assets 97,890 91,455 Total other assets 6,406,212 6,431,431 TOTAL ASSETS $15,349,606 $18,128,289 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities Long-term debt, current portion $1,763,182 $566,567 Capital and equipment financing lease obligations, current portion 129,993 233,759 Accounts payable and accrued expenses 10,976,195 9,663,325 Liabilities of discontinued operations 13,313 15,829 Total current liabilities 12,882,683 10,479,480 Long-term liabilities Long-term debt, net of current portion 85,147 283,433 Capital lease/equipment obligations, net of current portion - 10,922 Other long-term liabilities 531,217 659,271 Total long-term liabilities 616,364 953,626 Stockholders' equity (deficit) Preferred stock, Class A-1, A-2, A-3 & A-4 80 80 Common stock 393,310 299,078 Common stock, Class A - - Capital in excess of par value 123,292,518 120,402,691 Accumulated deficit (121,835,349) (114,006,666) Total stockholders' equity (deficit) 1,850,559 6,695,183 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $15,349,606 $18,128,289 FUSION TELECOMMUNICATIONS INTERNATIONAL, INC. AND SUBSIDIARIES RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA Three Months Ended September 30, 2008 2007 (Un-Audited) (Un-Audited) Net loss $(2,571,733) $(2,370,988) Loss from continuing operations (2,571,733) (2,370,988) Adjustments: Interest (income) expense, net 126,564 10,393 Depreciation and amortization 470,582 437,920 EBITDA (1,974,587) (1,922,675) Adjustments: (Gain) loss on debt settlement/forgiveness (25,000) - (Gain) loss on disposal of fixed assets - - (Gain) loss on sales of investment in Estel - - One time charges - - Other taxes 36,902 102,673 Non cash compensation 136,548 140,026 Adjusted EBITDA $(1,826,137) $(1,679,976) FUSION Philip Turits CONTACT: 212-201-2407 pturits@fusiontel.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050705/NYTU073LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Fusion

CONTACT: Philip Turits of Fusion, +1-212-201-2407,
pturits@fusiontel.com

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

Axion Power Holds Annual Meeting of Stockholders

NEW CASTLE, Pa., Nov. 14 /PRNewswire-FirstCall/ -- Axion Power International, Inc. (BULLETIN BOARD: AXPW) today announced that it held its Annual Meeting of Stockholders on Wednesday, November 12, at the New Castle Country Club, 511 Country Club Drive, as scheduled. A quorum of stockholders was present in person or by proxy.

With over 32.7 million total shares voted at the Meeting, the three business items were approved with an overwhelming majority of votes cast. The resolutions carried consisted of the re-election of five directors; ratification of re-appointment of Rotenberg & Co. LLP as the Company's independent registered public accounting firm for the current fiscal year; and authorization of a common share increase from 50 million to 100 million.

The directors re-elected to the Board for new terms are Dr. Igor Filipenko, Robert G. Averill, Thomas Granville, Michael Kishinevsky and Dr. Howard K. Schmidt. The approval of the director slate by more than 99% of the votes cast for each director demonstrates the continued strong shareholder support for the current Board of Directors. Please refer to Axion's Definitive 14A filing for complete biographies of the Company's Directors.

About Axion Power International, Inc.

Axion has developed and patented a next generation energy storage device that won the prestigious Frost & Sullivan Technology Award for North America in the field of lead-acid batteries. According to Frost & Sullivan, Axion's new PbC(TM) batteries have "the potential to revitalize the lead-acid battery industry by breathing new life into an established technology that is not well suited to the requirements of important new applications like hybrid electric vehicles and renewable power."

Axion Power International, Inc. is the industry leader in the field of lead-acid-carbon energy storage technologies. Axion believes this new battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard automated production methods that are commonly used in other industries. If and when its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug-and-play replacements for lead-based negative electrodes used by all other lead-acid battery manufacturers. Axion's goal is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry. For more information, visit http://www.axionpower.com/.

Contact: Allen & Caron Axion Power International Inc http://www.allencaron.com/ http://www.axionpower.com/ Rudy Barrio (investors) Kelly Gubish Brian Kennedy (media) 724 654 9300 212 691 8087 kgubish@axionpower.com r.barrio@allencaron.com brian@allencaron.com

Axion Power International, Inc.

CONTACT: Rudy Barrio (investors), r.barrio@allencaron.com or Brian
Kennedy (media), brian@allencaron.com, both of Allen & Caron, +1-212-691-8087;
or Kelly Gubish of Axion Power International Inc., +1-724-654-9300,
kgubish@axionpower.com

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

Travel the Globe in Style With the Samsung Saga(TM) and Samsung Renown(TM) From Verizon WirelessSleek Mobile Phones Feature Global Connectivity, Multiple Messaging Options and 2.0 Megapixel Cameras

BASKING RIDGE, N.J., and DALLAS, Nov. 14 /PRNewswire/ -- Verizon Wireless and Samsung Telecommunications America (Samsung Mobile)(1) announced the addition of two new phones to Verizon Wireless' robust portfolio of global phones -- the Samsung Renown(TM) and the Samsung Saga(TM). Both the Saga and the Renown will be available this month and boast advanced multimedia and messaging capabilities that allow customers to enjoy the nation's most reliable network at home and wireless services in more than 200 destinations worldwide for voice and 150 global destinations for data, including South American locations. The Saga is available today in business sales channels, online at http://www.verizonwireless.com/ and by calling 1-800-2 JOIN IN. The Saga will be in Verizon Wireless Communications Stores for order on Dec. 1. The Renown will be available in business sales channels, online and telesales on Nov. 19 and in stores on Dec. 1.

(Photo: http://www.newscom.com/cgi-bin/prnh/20081114/NY46042-a ) (Photo: http://www.newscom.com/cgi-bin/prnh/20081114/NY46042-c ) Samsung Saga(TM)

The Saga is a smartphone that features a 2.55" advanced touch screen and a full QWERTY keyboard that provides business professionals with an easy way to send e-mail, text and instant messages. This productivity powerhouse is equipped with Quad Band GSM/GPRS capability, an optical mouse, Wi-Fi access (802.11 b/g), Opera mobile browser and Windows Mobile 6.1 Professional to keep customers connected to their offices when they are at home and abroad. Windows Mobile includes the Microsoft Office Mobile Suite so that customers can create and edit Word and Excel documents and view PowerPoint documents, as well as Microsoft Active Sync(R) 4.5 and Windows Mobile Device Center for Vista OS. Other features include a 2.0 megapixel camera with NightShot, microSD(TM) card slot for up to 16 GB of external memory (sold separately), and Bluetooth(R) stereo headset support.

Additional features of the Saga include: -- Built-in stereo Bluetooth(R) wireless technology -- supports profiles: mono and stereo headset, hands free (car kits), serial port, object push (vCard only), file transfer, basic print, phonebook access and human interface device -- Microsoft's Voice Command technology for speech recognition -- Customizable user interface -- Voice Memo -- Windows Media Player Mobile -- Organizer -- alarm, calculator, calendar, notes, task list and today screen -- TTY-capable -- Dimensions: 2.44" x 4.88" x .53" -- Weight: 4.59 ounces -- Display: 320 x 320 pixel, 65K TFT, 2.55" active screen area and touch-sensitive LCD display Samsung Renown(TM)

The Renown showcases mobile technology as a fashionable flip phone. The Renown comes with a number of features to help customers capture special moments on their trips abroad, including a 2.0 megapixel camera with NightShot to enhance the camera's capabilities in dark environments; a camcorder; and video, picture, text and mobile IM messaging options. The Renown also supports Verizon Wireless' V CAST Music with Rhapsody and V CAST Video services in the U.S. V CAST Music with Rhapsody lets customers transform their Renown into an MP3 player and allows customers to access more than 5 million songs and purchase full songs over-the-air. They can also download the master copy of songs to their PCs, free of digital rights management software; and sync favorite tracks, albums and playlists from their PCs to their phones using a USB cable. Before traveling internationally, customers can load up their Renown with their favorite songs and listen to their music on long flights. With V CAST Video, customers can download or stream video clips from the best names in news, sports and entertainment.

Additional features of the Renown include: -- Global Mode -- including Quad Band GSM capability -- Multiple messaging options (text messaging only for use abroad) -- 2.0 megapixel camera with NightShot -- Media Center-capable -- downloadable games, ringtones, wallpapers, location-based services and more -- Visual Voice Mail -- Built-in stereo Bluetooth wireless technology -- supports profiles: mono and stereo headset, hands free (car kits), serial port, object push (vCard only), file transfer, basic print and phonebook access -- Organizer -- alarm, calculator, calendar, notes, task list and today screen -- microSD expansion memory up to 8 GB (card purchased separately) -- TTY-capable -- Dimensions: 1.95" x 3.87" x .69" -- Weight: 4.05 ounces -- Display: -- Main LCD: 240 x 320 pixel, 262K color TFT -- Sub LCD: 96 x 96 pixel, 262K color TFT

Verizon Wireless has priced the Samsung Saga for $199.99 with a new two-year customer agreement after a $70 mail-in rebate. The Samsung Renown has been priced by Verizon Wireless for $179.99 with a new two-year customer agreement after a $50 mail-in rebate. Customers will receive the rebate in the form of a debit card; upon receipt, customers may use the card as cash anywhere debit cards are accepted.

Customers who travel abroad frequently can get the most out of their Saga and Renown by adding Verizon Wireless' Global Value Plan to their phone. This plan offers discounted roaming charges on calls made from 130 countries for just $4.99 a month. Customers can also add GlobalEmail to their Saga, which will give them access to corporate e-mail attachments and personal or POP3 e-mail accounts in the U.S. or in over 150 destinations abroad. GlobalEmail monthly plans are $69.99 monthly access for a stand-alone data plan and $64.99 monthly access when added to any voice plan.

For more information on Verizon Wireless products and services, customers can visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or visit http://www.verizonwireless.com/. Business customers should call 1-800-VZW-4BIZ or contact their Verizon Wireless Business Sales Representative. For more information on Verizon Wireless International Services, please visit: http://www.verizonwireless.com/vzglobal.

About Verizon Wireless

About Samsung Telecommunications America

Samsung Telecommunications America, LLC, a Dallas-based subsidiary of Samsung Electronics Co., Ltd., researches, develops and markets wireless handsets and telecommunications products throughout North America. For more information, please visit http://www.samsungwireless.com/.

About Samsung Electronics

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2007 consolidated sales of US$103.4 billion. Employing approximately 150,000 people in 134 offices in 62 countries, the company consists of five main business units: Digital Media Business, LCD Business, Semiconductor Business, Telecommunication Business and Digital Appliance Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit http://www.samsung.com/.

1. Samsung Mobile is proud to provide ENERGY STAR-qualified power adapters with its mobile phones and accessories. ENERGY STAR qualified products use less energy, save money, and help protect the environment. Products that have earned the ENERGY STAR meet strict energy-efficiency guidelines set by the US Environmental Protection Agency and the US Department of Energy.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Photo: http://www.newscom.com/cgi-bin/prnh/20081113/NY46042-a
http://www.newscom.com/cgi-bin/prnh/20081113/NY46042-c
http://photoarchive.ap.org/
AP PhotoExpress Network: PRN5, PRN6
PRN Photo Desk, photodesk@prnewswire.com Verizon Wireless

CONTACT: Brenda Boyd Raney of Verizon Wireless, +1-908-559-7518,
Brenda.Raney@verizonwireless.com; or Tracy Calabrese of MWW Group for Samsung,
+1-214-414-3332, tcalabrese@mww.com

Web Site: http://www.samsung.com/
http://www.samsungwireless.com/
http://www.verizonwireless.com/

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

China Education Alliance to Present at Roth Capital China Comes to Vegas Conference

HARBIN, China, Nov. 14 /Xinhua-PRNewswire-FirstCall/ -- China Education Alliance, Inc. (BULLETIN BOARD: CEUA) ("China Education Alliance" or "The Company"), a leading distributor of educational resources, offering high quality programs and training both through online networks and an on-site training center in China, today, announced that the Company will present at the Roth Capital China Comes to Vegas Conference on November 21, 2008 at 8:30 a.m. PST. Ms. Susan Liu, Chief Financial Officer, will be presenting.

Place: Wynn Hotel, Las Vegas Date: Friday, November 21st Time: 8:30 a.m., PST About China Education Alliance, Inc.:

China Education Alliance, Inc. is a fast growing, leading China-based company offering high-quality education resources and services to students ages 7 to 18 and adults ages 18+. For students ages 7 to 18, China Education Alliance, Inc. offers supplemental online exam-oriented training materials and on-site exam-oriented training and tutoring services. All resources and tutoring services are provided by famous teachers within mainland China. The purpose of online exam orientated resources and on-site tutoring is to help Chinese students ages 7 to 18 to pass the two most important, and highly competitive exams in their educational career: senior high school entrance exam and college entrance exam. For graduates and professionals age 18+, China Education Alliance provides vocational training including IT and Accounting training programs. In addition, as of April 2008, the Company has acquired 70% of the "World Exchange College of Language" English training business, headquartered in Toronto with sites expanding across China. Their comprehensive English programs are designed to assist graduates and professionals in learning the English language, both written and conversational in order to better able them to work for a foreign corporation or work-study abroad. For more information about CEUA, please visit http://www.chinaeducationalliance.com/ .

Safe Harbor Statement:

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding our ability to prepare the company for growth, the Company's planned expansion in 2008 and predictions and guidance relating to the Company's future financial performance. We have based these forward- looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs and are not a guarantee of future performance but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand especially in the education industry, pricing and demand trends for the Company's products, changes to government regulations, risk associated with operation of the Company's new facilities, risk associated with large scale implementation of the company's business plan, the ability to attract new customers, ability to increase its product's applications, cost of raw materials, downturns in the Chinese economy, the adoption by consumers of its new game business, the unproven advertising model that is dependent on attracting a large game user base, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. Investors are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release; readers are cautioned not to place undue reliance on any of them and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

For more information, please contact: Company Contact: Ms. Susan Liu Chief Financial Officer China Education Alliance, Inc. Tel: +1-778-388-8513 Email: susan@edu-chn.com Investor Relations Contact: Lauren Milner The Ruth Group Tel: +646-536-7026 Email: lmilner@theruthgroup.com

China Education Alliance, Inc.

CONTACT: Ms. Susan Liu, Chief Financial Officer of China Education
Alliance, Inc., +1-778-388-8513, or susan@edu-chn.com ; Investor Relations
Contact: Lauren Milner of The Ruth Group, +1-646-536-7026, or
lmilner@theruthgroup.com

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