Autodesk Extends Invitation to Join Its First Quarter Fiscal 2010 Financial Results Conference Call Thursday, May 21, 2:00 p.m. Pacific Time

SAN RAFAEL, Calif., May 4 /PRNewswire-FirstCall/ -- WHAT: Autodesk, Inc. today announced that it will broadcast its first quarter fiscal 2010 financial results conference call live via its website Thursday, May 21, 2009, at 2:00 p.m. Pacific Time.

HOW: Autodesk will host a live webcast call at http://www.autodesk.com/investors. An audio replay webcast and podcast will also be available after 4:00 p.m. Pacific Time on our website at http://www.autodesk.com/investors.

CONTACT: For more information, please call Autodesk Investor Relations at 415-507-6705.

About Autodesk

Autodesk, Inc. is a world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.

Note: Autodesk is a registered trademark of Autodesk, Inc., in the US and/or other countries. All other brand names, product names or trademarks belong to their respective holders.

Investors: David Gennarelli, david.gennarelli@autodesk.com, 415-507-6033 Press: Pam Pollace, pam.pollace@autodesk.com, 415-547-2441 Colleen Rubart, colleen.rubart@autodesk.com, 415-547-2368

Autodesk, Inc.

CONTACT: Investors, David Gennarelli, +1-415-507-6033,
david.gennarelli@autodesk.com, or Media, Pam Pollace, +1-415-547-2441,
pam.pollace@autodesk.com, or Colleen Rubart, +1-415-547-2368,
colleen.rubart@autodesk.com, all of Autodesk, Inc.

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

NetSuite Announces First Quarter 2009 Results- Q1 GAAP Net Loss Improves 16% over Prior Quarter - Q1 Nearly Doubles Non-GAAP Profitability over Prior Quarter - Q1 Posts 542% Sequential Increase in Non-GAAP Operating Income and 89% Sequential Increase in Non-GAAP Net Income - Q1 Revenue Increases 22% Year-over-Year to $41.6 Million

SAN MATEO, Calif., May 4 /PRNewswire-FirstCall/ -- NetSuite Inc. , a leading vendor of on-demand, integrated business management software suites, today announced operating results for its first quarter ended March 31, 2009.

Total revenue for the first quarter of 2009 was $41.6 million, a 22% increase over the first quarter of 2008. Revenue from the Americas for the first quarter of 2009 was $33.6 million, while revenue from international regions was $8.0 million.

On a GAAP basis, net loss for the first quarter of 2009 was $3.7 million, or $(0.06) per share, as compared to $2.0 million, or $(0.03) per share, in the first quarter of 2008.

Non-GAAP net income for the first quarter of 2009 was $1.0 million, or $0.02 per share, as compared to a non-GAAP net loss of $420,000, or $(0.01) per share, for the first quarter of 2008.

Items presented on a non-GAAP basis exclude expenses related to stock-based compensation and the amortization of intangible assets. A reconciliation of GAAP net income/(loss) to non-GAAP net income/(loss) is provided below in a table immediately following the Condensed Consolidated Statements of Operations, along with an explanation of why these non-GAAP financial measures are useful to investors and how they are used by management.

"We delivered results that not only met our goals, but also indicate that NetSuite continues to take market share and execute on our strategic initiatives of moving up market and extending the NetSuite platform," said Zach Nelson, CEO of NetSuite. "In particular, our growth of non-GAAP profitability from the prior quarter was impressive."

NetSuite's First Quarter 2009 Highlights Include: -- Appointed former New York Stock Exchange President Catherine Kinney to its board of directors. -- Announced the SuiteCloud Ecosystem, a comprehensive offering of on-demand products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. SuiteCloud includes the SuiteCloud Developer Network ("SDN"), a developer program for independent software developers ("ISVs"), and SuiteApp.com, a single-source online marketplace where ISVs, customers and solution providers can find applications to meet business-process or industry needs. -- Launched the NetSuite Multi-Channel Retail Management Suite, a new vertical suite for North American retailers that allows retailers to easily manage multiple locations with a sophisticated point of sale ("POS") system, seamlessly integrate new or existing Ecommerce operations, provide a great customer experience across all channels, and gain real-time visibility and business intelligence across their companies. -- Launched a new program for Sage software customers interested in switching from their current Sage products in order to experience the productivity benefits of NetSuite and cloud computing. -- Extended the "Business ByNetSuite" program to offer current SAP customers the opportunity to cut costs by 50% or more.

Conference Call In conjunction with this announcement, NetSuite will host a conference call at 2:00 p.m. PDT (5:00 p.m. EDT) today to discuss the company's first quarter financial results and outlook for the second quarter. A live audio webcast and replay of the call, together with detailed financial information, will be available in the Investor Relations section of NetSuite's Web site at http://www.netsuite.com/investors. The live call can be accessed by dialing 877-718-5111 (U.S.) or 719-325-4764 (outside the U.S.) and referencing passcode: 306-9240. A replay of the call can also be accessed by dialing 888-203-1112 (U.S.) or 719-457-0820 (outside the U.S.), and referencing passcode: 306-9240.

About NetSuite NetSuite Inc. is a leading vendor of on-demand, integrated business management software suites for mid-sized businesses and divisions of large companies. NetSuite enables mid-market companies to manage core business operations in a single system, which includes accounting/ERP, customer relationship management ("CRM"), and Ecommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.

Cautionary Note Regarding Forward-Looking Statements

This press release and the scheduled conference call contain forward-looking statements relating to expectations, plans, prospects and financial results for NetSuite, including our stated expectation for future earnings, revenue and market share growth. These forward-looking statements are based upon the current expectations and beliefs of NetSuite's management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and NetSuite disclaims any obligation to update these forward-looking statements.

In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the market for on-demand services may develop more slowly than expected or than it has in the past; continued adverse and unpredictable macro-economic conditions or reduced investments in on-demand applications and information technology spending; quarterly operating results may fluctuate more than expected; unexpected disruptions of service at the Company's data center may occur; a security breach may impact operations; risks associated with material defects or errors in the Company's software or the effect of undetected computer viruses could impact operations; the risk of technological developments and innovations by others; our ability to successfully identify other businesses and technologies for acquisition that will complement our business and the ability to successfully acquire and integrate those businesses and technologies; the risk of loss of power or disruption in Internet service; failure to manage growth; failure to protect and enforce our intellectual property rights; the ability to manage operations when faced with competitive pricing and marketing strategies by competitors or changing macro-economic conditions; the risk of losing key employees; increased demands on employees and costs associated with operating as a public company; evolving government regulation of the Internet and Ecommerce; changes to current accounting rules; and general political or destabilizing events, including war, conflict or acts of terrorism; and other risks and uncertainties.

Customers who purchase our service should make sure the decisions are based on features that are currently available. Please be advised that any unreleased services or features from NetSuite referenced in today's discussion or other public statements are not currently available and may not be delivered on time or at all.

For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company's Annual Report on Form 10-K filed on March 13, 2009, and any subsequently filed reports on Forms 10-Q and 8-K. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system ("EDGAR") at http://www.sec.gov/ or NetSuite's Web site at http://www.netsuite.com/.

Non-GAAP Financial Measures The Company's stated results include certain non-GAAP financial measures, including non-GAAP operating income/(loss), net income/(loss), weighted average shares outstanding, and net income/(loss) per share. Non-GAAP net income/(loss) excludes expenses related to stock-based compensation expense and the amortization of intangible assets. Non-GAAP net income / (loss) excludes these expenses as they are non-cash items, are often excluded by other companies to help investors understand the operational performance of their business, and in the case of stock-based compensation, can be difficult to predict. The Company considers these events to be non-routine, and believes these adjustments provide useful comparative information to investors.

The Company considers these non-GAAP financial measures to be important because they provide useful measures of the operating performance of the Company and are used by the Company's management for that purpose. In addition, investors often use measures such as these to evaluate the financial performance of a company. Non-GAAP results are presented for supplemental informational purposes only for understanding the Company's operating results. The non-GAAP results should not be considered a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies.

A copy of this press release can be found on the Company's Investor Relations Web site at http://www.netsuite.com/investors. The contents of the Web site are not incorporated by reference into this press release.

NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.

NetSuite Inc. Condensed Consolidated Balance Sheets (dollars in thousands) (unaudited) December 31, March 31, 2008 2009 ------ ------ Assets Current assets: Cash and cash equivalents $123,638 $119,630 Accounts receivable, net of allowances of $589 and $668 as of December 31, 2008 and March 31, 2009, respectively 26,675 25,518 Deferred commissions 11,363 10,211 Other current assets 2,385 3,479 ----- ----- Total current assets 164,061 158,838 Property and equipment, net 15,413 14,285 Deferred commissions, non-current 1,688 1,463 Goodwill 17,824 17,824 Other intangible assets, net 8,712 8,088 Other assets 2,636 2,491 ----- ----- Total assets $210,334 $202,989 ======== ======== Liabilities and equity Current liabilities: Accounts payable $2,893 $2,081 Deferred revenue 66,667 63,339 Accrued compensation 10,863 9,323 Other current liabilities 10,121 8,755 ------ ----- Total current liabilities 90,544 83,498 Long-term liabilities: Deferred revenue, non-current 7,204 6,225 Other long-term liabilities 3,199 2,898 ----- ----- Total long-term liabilities 10,403 9,123 ------ ----- Total liabilities 100,947 92,621 ------- ------ Equity: NetSuite Inc. stockholders' equity 108,992 110,175 Noncontrolling interest 395 193 --- --- Total equity 109,387 110,368 ------- ------- Total liabilities and equity $210,334 $202,989 ======== ======== NetSuite Inc. Condensed Consolidated Statements of Operations (Dollars and shares in thousands, except per share amounts) (unaudited) Three months ended ------------------ March June September December March 31, 2008 30, 2008 30, 2008 31, 2008 31, 2009 ------ ------ ------ ------ ------ Revenue $34,118 $36,553 $40,404 $41,401 $41,567 Cost of revenue (1) 10,115 11,665 13,733 13,069 13,035 ------ ------ ------ ------ ------ Gross profit 24,003 24,888 26,671 28,332 28,532 ------ ------ ------ ------ ------ Operating expenses: Product development (1) 4,082 4,452 6,056 6,926 6,788 Sales and marketing (1) 17,805 19,401 20,221 19,516 18,797 General and administrative (1) 5,467 5,145 6,426 6,766 6,910 ----- ----- ----- ----- ----- Total operating expenses 27,354 28,998 32,703 33,208 32,495 ------ ------ ------ ------ ------ Operating loss (3,351) (4,110) (6,032) (4,876) (3,963) Other income / (expenses) and income taxes, net 1,074 580 (411) 166 17 ----- --- ---- --- -- Net loss (2,277) (3,530) (6,443) (4,710) (3,946) Less: Net loss attributable to the noncontrolling interest 248 402 201 245 201 --- --- --- --- --- Net loss attributable to NetSuite Inc. $(2,029) $(3,128) $(6,242) $(4,465) $(3,745) ======= ======= ======= ======= ======= Net loss per share attributable to NetSuite Inc. common shareholders $(0.03) $(0.05) $(0.10) $(0.07) $(0.06) ====== ====== ====== ====== ====== Weighted average number of shares used in computing net loss per common share 60,093 60,160 60,436 60,838 61,248 ====== ====== ====== ====== ====== (1) Includes stock-based compensation expense and amortization of intangible assets as follows: Three months ended ------------------ March June September December March 31, 30, 30, 31, 31, 2008 2008 2008 2008 2009 ---- ---- ----- ----- ----- Cost of revenue $294 $525 $1,113 $1,056 $1,044 Product development 483 548 1,147 1,451 1,350 Sales and marketing 334 568 1,234 1,239 1,204 General and administrative 498 587 1,048 1,253 1,155 --- --- ----- ----- ----- Total stock-based compensation expense and amortization of intangible assets $1,609 $2,228 $4,542 $4,999 $4,753 ====== ====== ====== ====== ====== NetSuite Inc. Reconciliation of Net Loss Per Share to Non-GAAP Net Income / (Loss) Per Share (Dollars and shares in thousands, except per share amounts) (unaudited) Three months ended ------------------ March June September December March 31, 30, 30, 31, 31, 2008 2008 2008 2008 2009 ---- ---- ---- ---- ---- Numerator: Reconciliation between GAAP and non-GAAP net loss: Net loss attributable to NetSuite Inc. $(2,029) $(3,128) $(6,242) $(4,465) $(3,745) Reversal of stock-based compensation expense and amortization of intangible assets (a) 1,609 2,228 4,542 4,999 4,753 Non-GAAP net income /(loss) attributable to : ----- ----- ------- ---- ------ NetSuite Inc. $(420) $(900) $(1,700) $534 $1,008 ===== ===== ======= ==== ====== Denominator: Reconciliation between GAAP and non-GAAP weighted average shares used in computing basic and diluted net loss per common share: Weighted average number of shares used in computing net loss per common share 60,093 60,160 60,436 60,838 61,248 Effect of dilutive securities (stock options restricted stock awards and warrants) (b) - - - 2,976 2,710 - - - ----- ----- Non-GAAP weighted average shares used in computing non- GAAP net income / (loss) per common share 60,093 60,160 60,436 63,814 63,958 ====== ====== ====== ====== ====== GAAP net loss per share attributable to NetSuite Inc. common shareholders $(0.03) $(0.05) $(0.10) $(0.07) $(0.06) ====== ====== ====== ====== ====== Non-GAAP net loss per share attributable to NetSuite Inc. common shareholders $(0.01) $(0.01) $(0.03) $0.01 $0.02 ====== ====== ====== ===== ===== Use of Non-GAAP Financial Measures

To supplement our condensed consolidated financial statements presented on a GAAP basis, NetSuite uses non-GAAP measures of net income / (loss), weighted average shares outstanding and net income / (loss) per share, which are adjusted to exclude stock-based compensation expense, amortization of acquisition-related intangible assets and to include dilutive shares where applicable. We believe these adjustments are appropriate to enhance an overall understanding of our past financial performance and also our prospects for the future. These adjustments to our current period GAAP results are made with the intent of providing both management and investors a more complete understanding of NetSuite's underlying operating results and trends and our marketplace performance. The non-GAAP results are an indication of our baseline performance that are considered by management for the purpose of making operational decisions. In addition, these non-GAAP results are the primary indicators management uses as a basis for our planning and forecasting of future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net loss or basic and diluted net loss per share prepared in accordance with generally accepted accounting principles in the United States. Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and are subject to limitations.

(a) Stock-based compensation is a non-cash expense accounted for in accordance with Statement of Financial Accounting Standards No. 123(R) for options granted after January 1, 2006, and Accounting Principles Board Opinion No. 25 for options granted before January 1, 2006. Amortization of intangible assets resulted principally from the acquisition of OpenAir, Inc. While a large component of our expense in certain periods, we believe investors may want to exclude the effects of stock-based compensation expense and the amortization of intangible assets in order to compare our financial performance with that of other companies and between time periods.

(b) These securities are anti-dilutive on a GAAP basis as a result of the Company's net loss, but are considered dilutive on a non-GAAP basis in periods where the Company has reported positive non-GAAP earnings.

NetSuite Inc. Condensed Consolidated Statements of Cash Flows (dollars in thousands) (unaudited) Three months ended March 31, ---- --------- ---- 2008 2009 ---- ---- Cash flows from operating activities: Net loss attributable to NetSuite Inc. $(2,029) $(3,745) Adjustments to reconcile net loss to net cash provided by / (used in) operating activities: Depreciation and amortization 1,206 1,650 Amortization of other intangible assets - 637 Provision for accounts receivable allowances 142 484 Stock-based compensation 1,609 4,117 Amortization of deferred commissions 5,540 5,434 Noncontrolling interest (248) (201) Changes in operating assets and liabilities: Accounts receivable 2,234 644 Deferred commissions (5,512) (4,062) Other current assets (633) (876) Other assets (21) 102 Accounts payable 1,274 (596) Accrued compensation (518) (1,529) Deferred revenue (961) (4,173) Other current liabilities (645) (197) Other long-term liabilities 22 113 -- --- Net cash provided by / (used in) operating activities 1,460 (2,198) ----- ------ Cash flows from investing activities: Purchases of property and equipment (1,078) (1,574) Capitalized internal use software (3) (47) Acquisition of OpenAir, net of cash received - (171) Acquisition of other intangibles - (275) - ---- Net cash used in investing activities (1,081) (2,067) ------ ------ Cash flows from financing activities: Payments under capital leases and long-term debt (423) (396) Proceeds from issuance of common stock, net of issuance costs 118 848 --- --- Net cash provided by / (used in) financing activities (305) 452 ---- --- Effect of exchange rate changes on cash and cash equivalents 757 (195) --- ---- Net change in cash and cash equivalents 831 (4,008) Cash and cash equivalents at beginning of period 169,408 123,638 ------- ------- Cash and cash equivalents at end of period $170,239 $119,630 ======== ======== (Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)

Photo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO
http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com NetSuite Inc.

CONTACT: Media, Mei Li of NetSuite Inc., +1-650-627-1063,
meili@netsuite.com; or Investor Relations, Carolyn Bass of Market Street
Partners, +1-415-445-3232, ir@netsuite.com, Investor Relations for NetSuite
Inc.

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

Private Equity Investor Group Purchases Cable Product Line from Tollgrade

PITTSBURGH, May 4 /PRNewswire-FirstCall/ -- Tollgrade Communications, Inc. , a leading provider of network service assurance to the telecommunications and cable industry, today announced that a private equity group of investors has signed an agreement with Tollgrade to acquire substantially all of the assets of its cable status monitoring product line for $3.15 million, with $2.75 million to be paid in cash at closing and $0.4 million in a seller-held note payable over two years.

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

Tollgrade purchased the Cheetah status monitoring product line from Acterna, LLC in 2003. Now considered non-core to Tollgrade's business strategy, the status monitoring product line marketed to the cable industry is being sold to a group of private equity investors led by Pittsburgh-based The Hawthorne Group and Rosetta Capital. After the sale, the new company will be led by Stephen John as its CEO. Steven Santamaria will also join the company as a member of its management team.

"As part of our strategic review process completed late last year, we determined that our embedded solution for HFC status monitoring was no longer core to our business," said Joseph Ferrara, Tollgrade's President and CEO. "We plan to focus more on our service assurance solutions and the data correlation aspects of test and measurement to allow our customers to reduce operating costs," added Ferrara.

Subject to completion of customary closing conditions, it is anticipated that the transaction will close by May 15, 2009. At that time, approximately 25 employees will transfer to the newly-formed cable company called Cheetah Technologies, L.P. The transaction includes transfer of assets, assumption of specified liabilities and assignment of customer and OEM agreements.

Tollgrade anticipates that costs and charges of approximately $0.3 million will be taken in the first quarter 2009 as a result of this divestiture. First quarter 2009 results were issued by the Company on April 29, 2009 and will be updated by the Company in its Quarterly Report on Form 10-Q for the quarter ended March 28, 2009, to reflect these costs and charges.

About Tollgrade

Tollgrade Communications, Inc. is a leading provider of network service assurance products and services for centralized test systems around the world. Tollgrade designs, engineers, markets and supports centralized test systems, test access and status monitoring products, and next generation network assurance technologies. Tollgrade's customers range from the top telecom and cable providers, to numerous independent telecom, cable and broadband providers around the world. Tollgrade's network testing, measurement and monitoring solutions support the infrastructure of cable and telecom companies, as well as for power distribution companies. For more information, visit Tollgrade's web site at http://www.tollgrade.com/.

About The Private Equity Investor Group

The Hawthorne Group is an investment and management company with holdings in the communications, railroad, assisted living, soft drink bottling, and real estate businesses.

Rosetta Capital focuses on acquiring operating businesses in service industries and niche manufacturing. The Hawthorne Group and Rosetta Capital are both based in Pittsburgh.

Forward-Looking Statements

The foregoing release contains "forward-looking statements" regarding future events or results within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning the Company's ability to complete the sale of its cable status monitoring product line within the expected timeframe.

The Company cautions readers that such "forward-looking statements" are, in fact, predictions that are subject to risks and uncertainties and that actual events or results may differ materially from those anticipated events or results expressed or implied by such forward-looking statements. The Company disclaims any current intention to update its "forward-looking statements," and the estimates and assumptions within them, at any time or for any reason. In particular, the following factors, among others could cause actual results to differ materially from those described in the "forward-looking statements:" (a) the inability of the Company and the buyer to complete and satisfy all of the pre-closing conditions and consummate the sale of the cable product line; (b) the effect of the divestiture on customer relationships; (c) the estimated charges and costs relating to the divestiture being more significant than expected; and (d) the inability to make changes in our business strategy, development plans and product offerings to respond to the needs of the significantly changing markets and network technologies and enter a new market and introduce new products into that market.

Other factors that could cause actual events or results to differ materially from those contained in the "forward-looking statements" are included in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC") including, but not limited to, the Company's Form 10-K for the year ended December 31, 2008 and any subsequently filed reports. All documents are also available through the SEC's Electronic Data Gathering Analysis and Retrieval system at http://www.sec.gov/ or from the Company's website at http://www.tollgrade.com/.

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

CONTACT: Bob Butter, Communications, +1-412-820-1347,
bbutter@tollgrade.com

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

Global Crossing Reports First Quarter 2009 Results- Consolidated revenue of $609 million, representing a year-over-year decrease of 4 percent as reported and an increase of 6 percent in constant currency terms.- "Invest and grow" revenue of $510 million, representing a year-over-year decrease of 2 percent as reported and an increase of 10 percent in constant currency terms.- OIBDA of $75 million, representing a year-over-year increase of 67 percent as reported and an increase of 93 percent in constant currency terms.

FLORHAM PARK, N.J., May 4 /PRNewswire-FirstCall/ -- Global Crossing , a leading global IP solutions provider, today announced first quarter 2009 results. The company said it will discuss its consolidated financial and operational results for the first quarter 2009 on a conference call tomorrow.

Business Highlights

Global Crossing generated consolidated revenue of $609 million for the first quarter of 2009, representing a year-over-year decrease of 4 percent as reported and an increase of 6 percent in constant currency terms. Revenue from the company's "invest and grow" category -- that part of the business focused on serving global enterprises and carrier customers, excluding wholesale voice -- was $510 million, representing a year-over-year decrease of 2 percent as reported and an increase of 10 percent in constant currency terms. Operating Income Before Depreciation & Amortization (OIBDA) for the quarter was $75 million, representing a year-over-year increase of 67 percent as reported and an increase of 93 percent in constant currency terms. Free Cash Flow was negative $32 million in the quarter, compared to negative $19 million in the year ago period. OIBDA and Free Cash Flow are non-GAAP measures that are defined and reconciled in our press tables. All constant currency comparisons herein reflect first quarter 2009 and prior period results translated at the average actual foreign exchange rates for the applicable prior period.

"On a constant currency basis, 'invest and grow' revenue increased 10 percent year over year, consistent with the underpinnings of our annual guidance," said John Legere, CEO of Global Crossing. "We remain confident about the full-year outlook ahead as demand for our advanced IP-based solutions continues to enable improvements in our annual earnings and Free Cash Flow."

Operational Results

Global Crossing's consolidated revenue was $609 million in the first quarter of 2009, representing a sequential decline of $35 million or 5 percent, including a $20 million unfavorable foreign exchange impact. Year-over-year consolidated revenue decreased $23 million or 4 percent, including a $63 million unfavorable foreign exchange impact. On a constant currency basis, consolidated revenue declined 2 percent sequentially and increased 6 percent year over year. Beyond foreign exchange impacts, revenue in the quarter was unfavorably affected by the long-awaited attrition of the Camelot contract within our GCUK segment and further reduction in wholesale voice revenue as the company continues to optimize that business for margin performance.

The company's "invest and grow" category generated revenue of $510 million for the first quarter. This represents a sequential decline of $33 million or 6 percent, including substantially all of the $20 million unfavorable sequential foreign exchange impact. Year-over-year "invest and grow" revenue decreased $9 million or 2 percent, including substantially all of the $63 million unfavorable foreign exchange impact. On a constant currency basis, "invest and grow" revenue declined 2 percent sequentially and increased 10 percent year over year.

On a segment basis, GCUK generated $107 million in "invest and grow" revenue compared with $132 million in the prior quarter and $150 million in the first quarter of 2008. GC Impsat generated $113 million in "invest and grow" revenue compared with $122 million in the prior quarter and $110 million in the first quarter of 2008. Rest-of-World (ROW) generated $294 million in "invest and grow" revenue compared with $297 million in the prior quarter and $262 million in the first quarter of 2008. Sequentially, on a constant currency basis, "invest and grow" revenues in GCUK and GC Impsat decreased 6 percent and 7 percent, respectively, and ROW increased 1 percent. The decline in GCUK was associated with the Camelot attrition. The decline at GC Impsat was primarily driven by a customer settlement in the prior quarter. Year-over-year, in constant currency terms, "invest and grow" revenues in GC Impsat and ROW increased 16 percent and 15 percent, respectively, but declined slightly in GCUK due to the Camelot attrition.

Wholesale voice revenue decreased by $2 million on a sequential basis and $14 million year over year to $98 million. Substantially all of the wholesale voice revenue is earned in the United States, within the ROW segment.

Cost of revenue -- which includes cost of access; technical real estate, network and operations; third-party maintenance; and cost of equipment sales -- was $430 million in the first quarter, compared with $432 million in the prior quarter and $457 million in the first quarter of 2008. On a sequential basis, cost of revenue declined due to a favorable foreign exchange impact of $13 million and a reduction in access costs attributable to lower revenue. These decreases were offset by higher incentive compensation accruals following a net reversal in the fourth quarter of 2008.

The year-over-year decrease in cost of revenue was primarily attributable to a favorable foreign exchange impact of $38 million, in addition to lower incentive compensation accruals compared to the first quarter of last year. These decreases were offset by higher costs on increased revenue, higher payroll-related costs and severance charges in the first quarter of 2009.

The company reported Gross Margin, defined as "Revenue" less "Cost of Revenue," of $179 million in the first quarter of 2009, compared with $212 million in the prior quarter and $175 million in the first quarter of 2008. On a sequential basis, Gross Margin declined due to an unfavorable foreign exchange impact, an increase in incentive compensation accruals and lower revenue in the period.

Sales, general and administrative (SG&A) expenses were $104 million in the first quarter of 2009, compared with $110 million in the prior quarter and $130 million in the first quarter of 2008. On a sequential basis, SG&A decreased primarily due to a favorable foreign exchange impact of $4 million, savings from cost reduction initiatives implemented in the quarter and a decrease in professional fees. This decrease was partially offset by higher incentive compensation accruals following a net reversal in the fourth quarter of 2008. The year-over-year SG&A decrease was primarily attributable to $13 million favorable foreign exchange impact and lower incentive compensation accruals, as well as savings related to professional fees and cost reduction initiatives implemented in the first quarter of 2009.

Global Crossing reported $75 million of OIBDA in the first quarter, a sequential decrease of $27 million, including a $3 million unfavorable foreign exchange impact and a $16 million increase in incentive compensation accruals following a net accrual reversal in the prior quarter. On a year-over-year basis, OIBDA increased $30 million, including a $12 million unfavorable foreign exchange impact and a $10 million decrease in incentive compensation accruals. In the first quarter, GCUK, GC Impsat and ROW contributed OIBDA of $23 million, $39 million and $13 million, respectively.

Global Crossing's consolidated net loss applicable to common shareholders was $59 million for the first quarter of 2009, compared with a net loss of $53 million in the prior quarter and net loss of $72 million in the first quarter of 2008. On a sequential basis, net loss increased due to the previously described decrease in OIBDA, partially offset by a more unfavorable foreign exchange impact in the fourth quarter of 2008. Year-over-year, net loss improved principally due to the previously described improvement in OIBDA and a lower income tax provision, partially offset by an unfavorable foreign exchange impact in the first quarter of 2009.

Cash and Liquidity

For the first quarter of 2009, the company reported negative Free Cash Flow of $32 million, as compared to positive Free Cash Flow of $30 million in the prior quarter and negative Free Cash Flow of $19 million in the first quarter of 2008. The sequential and year-over-year variances were primarily driven by higher working capital requirements in the first quarter of 2009.

Cash flow provided by operating activities for the first quarter was $6 million. Global Crossing received $32 million in proceeds from the sale of indefeasible rights of use (IRUs) and prepaid services in the first quarter. Global Crossing used $38 million for Purchases of Property and Equipment and entered into $5 million of capital lease agreements to finance various equipment purchases and software licenses.

As of March 31, 2009, Global Crossing had unrestricted cash of $306 million compared to $360 million at December 31, 2008, and $362 at March 31, 2008. The company had $322 million in total cash at March 31, 2009, compared to $378 million in total cash at December 31, 2008, and $420 million at March 31, 2008.

2009 Guidance

The following table is provided for informational purposes only and represents the company's 2009 guidance as provided on February 16, 2009.

Measures 2009 Guidance ($in millions) Revenue $2,500 - $2,600 OIBDA $320 - $380 Free Cash Flow $50 - $100 Non-GAAP Measures

Pursuant to the Securities and Exchange Commission's (SEC's) Regulation G, the attached financial tables include definitions of non-GAAP financial measures, as well as reconciliations of such measures to the most directly comparable financial measures calculated and presented in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP).

Conference Call

The company will hold a conference call on Tuesday, May 5, 2009 at 9:00 a.m. EDT to discuss its financial results. The call may be accessed by dialing +1 212 231 2908 or by dialing +44 203 300 0096. Callers are advised to access the call 15 minutes prior to the start time. A Webcast with presentation slides will be available at http://investors.globalcrossing.com/events.cfmhttp://investors.globalcrossing. com/events.cfm.

A replay of the call will be available on Tuesday, May 5, 2009 beginning at 11:30 a.m. EDT and will be accessible until Thursday, May 14, 2009 at 11:30 a.m. EDT. To access the replay, callers should dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21422929. Callers in the United Kingdom should dial +44 (0) 870 000 3081 or (0) 800 692 0831 and enter reservation number 21422929.

ABOUT GLOBAL CROSSING

Global Crossing is a leading global IP solutions provider with the world's first integrated global IP-based network. The company offers a full range of secure data, voice, and video products to approximately 40 percent of the Fortune 500, as well as to 700 carriers, mobile operators and ISPs. It delivers services to more than 690 cities in more than 60 countries and six continents around the globe.

Website Access to Company Information

Global Crossing maintains a corporate website at http://www.globalcrossing.comwww.globalcrossing.com/, and you can find additional information about the company through the Investors pages on that website at http://investors.globalcrossing.com/. Global Crossing utilizes its website as a channel of distribution of important information about the company. Global Crossing routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investors web pages.

Visitors to the Investors web pages can view and print copies of Global Crossing's SEC filings, including periodic and current reports on Forms 10-K, 10-Q and 8-K, as soon as reasonably practicable after those filings are made with the SEC. Copies of the charters for each of the standing committees of Global Crossing's Board of Directors, its Corporate Governance Guidelines, Ethics Policy, press releases and analysts presentations are all available through the Investors web pages.

Please note that the information contained on any of Global Crossing's websites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference therein.

This press release contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including: Global Crossing's history of substantial operating losses and the fact that, in the near term, funds from operations will not satisfy cash requirements; legal and contractual restrictions on the inter-company transfer of funds by the company's subsidiaries; the company's ability to continue to connect its network to incumbent carriers' networks or maintain Internet peering arrangements on favorable terms; the consequences of any inadvertent violation of the company's Network Security Agreement with the U.S. Government; increased competition and pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; political, legal and other risks due to the company's substantial international operations; risks associated with movements in foreign currency exchange rates; potential weaknesses in internal controls of acquired businesses, and difficulties in integrating internal controls of those businesses with the company's own internal controls; the concentration of revenue in a limited number of customers, and the rights of such customers to terminate their contracts or to simply cease purchasing services thereunder; exposure to contingent liabilities; downward pressure on the Company's common stock price that may result from sales of the significant number of shares paid to employees under incentive compensation arrangements, including approximately 3.2 million unrestricted shares delivered to employees in March and April 2009 under the 2008 annual bonus program; and other risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.

CONTACT GLOBAL CROSSING: Press Contacts Michael Schneider + 1 973 937 0146 Michael.Schneider@globalcrossing.com Analysts/Investors Contact Suzanne Lipton + 1 800 836 0342 glbc@globalcrossing.com Gino Mathew +1 973 937 0133 Gino.Mathew@globalcrossing.com IR/PR1 Global Crossing Limited Table 1 Condensed Consolidated Balance Sheets ($ in millions) March 31, 2009 December 31, 2008 ---------------- ----------------- (unaudited) (as adjusted) ASSETS: Current assets: Cash and cash equivalents $306 $360 Restricted cash and cash equivalents - current portion 4 7 Accounts receivable, net of allowances of $58 and $58 332 336 Prepaid costs and other current assets 114 103 ------ ------ Total current assets 756 806 ------ ------ Restricted cash and cash equivalents - long term 12 11 Property and equipment, net of accumulated depreciation of $917 and $851 1,260 1,300 Intangible assets, net (including goodwill of $148 and $147) 172 172 Other assets 58 60 ------ ------ Total assets $2,258 $2,349 ====== ====== LIABILITIES: Current liabilities: Accounts payable $277 $329 Accrued cost of access 86 92 Short term debt and current portion of long term debt 28 26 Accrued restructuring costs - current portion 13 13 Deferred revenue - current portion 133 138 Other current liabilities 371 361 ------ ------ Total current liabilities 908 959 ------ ------ Long term debt 1,120 1,127 Obligations under capital leases 83 93 Deferred revenue 329 308 Accrued restructuring costs 12 14 Other deferred liabilities 66 94 ------ ------ Total liabilities 2,518 2,595 ------ ------ SHAREHOLDERS' DEFICIT: Common stock, 110,000,000 shares authorized, $.01 par value, 58,015,406 and 56,696,312 shares issued and outstanding as of March 31, 2009 and December 31, 2008, respectively 1 1 Preferred stock with controlling shareholder, 45,000,000 shares authorized, $.10 par value, 18,000,000 shares issued and outstanding 2 2 Additional paid-in capital 1,426 1,399 Accumulated other comprehensive loss (6) (23) Accumulated deficit (1,683) (1,625) ------ ------ Total shareholders' deficit (260) (246) ------ ------ Total liabilities and shareholders' deficit $2,258 $2,349 ====== ====== Note 1. On January 1, 2009, the Company adopted Financial Accounting Standard Board Staff Position No. APB 14-1 "Accounting for Convertible Instruments That May be Settled in Cash upon Conversion (Including Partial Cash Settlement)" ("APB 14-1"). APB 14-1 specifies that issuers of such instruments should separately account for the liability and equity components in a manner that will reflect the entity's non convertible debt borrowing rate when interest cost is recognized in subsequent periods. APB 14-1 must be applied on a retrospective basis. As a result of applying APB 14-1, additional paid in capital and accumulated deficit have increased $38 and $17 respectively, and other assets and long term debt have decreased $1 and $22 respectively in the condensed consolidated balance sheet at December 31, 2008. Global Crossing Limited Table 2 Unaudited Condensed Consolidated Statements of Operations ($ in millions) Three Months Ended March 31, ------------------------- 2009 2008 ---------- ---------- (unaudited) (as adjusted) Revenue $609 $632 Cost of revenue (excluding depreciation and amortization, shown separately below): Cost of access (286) (299) Real estate, network and operations (97) (108) Third party maintenance (24) (27) Cost of equipment and other sales (23) (23) ---------- ---------- Total cost of revenue (430) (457) ---------- ---------- Gross margin 179 175 Selling, general and administrative (104) (130) Depreciation and amortization (79) (76) ---------- ---------- Total operating expenses (613) (663) ---------- ---------- Operating loss (4) (31) Other income (expense): Interest income 1 4 Interest expense (36) (46) Other income (expense), net (15) 20 ---------- ---------- Loss before provision for income taxes (54) (53) Provision for income taxes (4) (18) ---------- ---------- Net loss (58) (71) Preferred stock dividends (1) (1) ---------- ---------- Loss applicable to common shareholders $(59) $(72) ========== ========== Loss per common share, basic and diluted: Loss applicable to common shareholders $(1.04) $(1.32) ========== ========== Weighted average number of common shares 56,923,415 54,718,587 ========== ========== Note 1. On January 1, 2009, the Company adopted Financial Accounting Standard Board Staff Position No. APB 14-1 "Accounting for Convertible Instruments That May be Settled in Cash upon Conversion (Including Partial Cash Settlement)" ("APB 14-1"). APB 14-1 specifies that issuers of such instruments should separately account for the liability and equity components in a manner that will reflect the entity's non convertible debt borrowing rate when interest cost is recognized in subsequent periods. APB 14-1 must be applied on a retrospective basis. As a result of applying APB 14-1, interest expense has increased $2 for the three months ended March 31, 2008. Note 2. For the three months ended March 31, 2008, $2 of sales taxes netted against revenue were reclassified to selling, general and administrative expenses to be consistent with the presentation of other similar taxes. Additionally, $4 of costs associated with operating the GC Impsat Segment data center and voice business, principally related to employee related expenses, were reclassified from selling, general and administrative to real estate, network and operations as they represent service delivery costs and therefore are appropriately reported as cost of revenue. Global Crossing Limited Table 3 Condensed Consolidated Statements of Cash Flows ($ in millions) Three Months Ended March 31, ------------------------- ----------- 2008 2009 (as adjusted) ----------- ----------- (unaudited) Cash flows provided by (used in) operating activities: Net loss $(58) $(71) Adjustments to reconcile net loss to net cash used in operating activities: Non-cash income tax provision - 15 Non-cash stock compensation expense 5 22 Depreciation and amortization 79 76 Provision for doubtful accounts 2 3 Amortization of prior period IRUs (5) (4) Change in long term deferred revenue 27 4 Other 20 (18) Change in operating working capital: - Changes in accounts receivable - (9) - Changes in accounts payable (50) (3) - Changes in other current assets (19) (16) - Changes in other current liabilities 5 26 ---- ---- Net cash provided by operating activities 6 25 ---- ---- Cash flows provided by (used in) investing activities: Purchases of property and equipment (38) (44) Change in restricted cash and cash equivalents 2 (5) ---- ---- Net cash used in investing activities (36) (49) ---- ---- Cash flows provided by (used in) financing activities: Proceeds from short and long term debt 3 4 Repayment of capital lease obligations (15) (13) Repayment of long term debt (including current portion) (6) (4) Payment of employee taxes on share-based compensation (4) - Other - 1 ---- ---- Net cash used in financing activities (22) (12) ---- ---- Effect of exchange rate changes on cash and cash equivalents (2) 1 ---- ---- Net decrease in cash and cash equivalents (54) (35) Cash and cash equivalents, beginning of period 360 397 ---- ---- Cash and cash equivalents, end of period $306 $362 ==== ==== Note 1. On January 1, 2009, the Company adopted Financial Accounting Standard Board Staff Position No. APB 14-1 "Accounting for Convertible Instruments That May be Settled in Cash upon Conversion (Including Partial Cash Settlement)" ("APB 14-1"). APB 14-1 specifies that issuers of such instruments should separately account for the liability and equity components in a manner that will reflect the entity's non convertible debt borrowing rate when interest cost is recognized in subsequent periods. APB 14-1 must be applied on a retrospective basis. As a result of applying APB 14-1, net loss and other within net cash provided by (used in) operating activities has increased in $2 for the three months ended March 31, 2008. Global Crossing Limited and Subsidiaries Table 4 Unaudited Condensed Consolidated Statements of Operations ($ in millions) Quarter Ended March 31, 2009 ---------------------------- GCUK GC Impsat ROW(1) Eliminations Total ---- --------- ----- ------------ ----- Revenue $110 $116 $387 $(4) $609 Cost of revenue Cost of access (34) (27) (229) 4 (286) Real estate, network and operations (18) (18) (61) - (97) Third party maintenance (5) (5) (14) - (24) Cost of equipment and other sales (15) (2) (6) - (23) ---- ---- ---- ---- ---- Total cost of revenue (72) (52) (310) 4 (430) ---- ---- ---- ---- ---- Gross margin 38 64 77 - 179 Selling, general and administrative (15) (25) (64) - (104) Depreciation and amortization (15) (20) (44) - (79) ---- ---- ---- ---- ---- Total operating expenses (102) (97) (418) 4 (613) ---- ---- ---- ---- ---- Operating income (loss) 8 19 (31) - (4) Other income (expense): Interest income 2 1 1 (3) 1 Interest expense (12) (8) (19) 3 (36) Other income (expense), net (3) 5 (17) - (15) ---- ---- ---- ---- ---- Income (loss) before provision for income taxes (5) 17 (66) - (54) Provision for income taxes - (4) - - (4) ---- ---- ---- ---- ---- Net income (loss) (5) 13 (66) - (58) Preferred stock dividends - - (1) - (1) ---- ---- ---- ---- ---- Income (loss) applicable to common shareholders $(5) $13 $(67) $- $(59) ==== ==== ==== ==== ==== Quarter Ended December 31, 2008 ------------------------------- GC Impsat ROW GCUK (4) (1),(3) Eliminations Total ---- --------- ----- ------------ ----- Revenue $134 $124 $394 $(8) $644 Cost of revenue Cost of access (42) (30) (232) 8 (296) Real estate, network and operations (19) (14) (56) - (89) Third party maintenance (7) (5) (12) - (24) Cost of equipment and other sales (16) (3) (4) - (23) ---- ---- ---- ---- ---- Total cost of revenue (84) (52) (304) 8 (432) ---- ---- ---- ---- ---- Gross margin 50 72 90 - 212 Selling, general and administrative (25) (32) (53) - (110) Depreciation and amortization (19) (21) (42) - (82) ---- ---- ---- ---- ---- Total operating expenses (128) (105) (399) 8 (624) ---- ---- ---- ---- ---- Operating income (loss) 6 19 (5) - 20 Other income (expense): Interest income 2 1 1 (2) 2 Interest expense (14) (8) (20) 2 (40) Other income (expense), net (41) (14) 26 - (29) ---- ---- ---- ---- ---- Income (loss) before reorganization items, net and income taxes (47) (2) 2 - (47) Net gain on preconfirmation contingencies - - 1 - 1 ---- ---- ---- ---- ---- Income (loss) before provision for income taxes (47) (2) 3 - (46) Provision for income taxes - (2) (4) - (6) ---- ---- ---- ---- ---- Net loss (47) (4) (1) - (52) Preferred stock dividends - - (1) - (1) ---- ---- ---- ---- ---- Loss applicable to common shareholders $(47) $(4) $(2) $- $(53) ==== ==== ==== ==== ==== Quarter Ended March 31, 2008 ---------------------------- ROW GC Impsat (1), GCUK (2),(4) (2),(3) Eliminations Total ---- --------- ------ ------------ ----- Revenue $153 $112 $370 $(3) $632 Cost of revenue Cost of access (46) (29) (227) 3 (299) Real estate, network and operations (25) (18) (65) - (108) Third party maintenance (9) (5) (13) - (27) Cost of equipment and other sales (18) (2) (3) - (23) ---- ---- ---- ---- ---- Total cost of revenue (98) (54) (308) 3 (457) ---- ---- ---- ---- ---- Gross margin 55 58 62 - 175 Selling, general and administrative (20) (31) (79) - (130) Depreciation and amortization (22) (18) (36) - (76) ---- ---- ---- ---- ---- Total operating expenses (140) (103) (423) 3 (663) ---- ---- ---- ---- ---- Operating income (loss) 13 9 (53) --- (31) Other income (expense): Interest income 2 1 3 (2) 4 Interest expense (17) (8) (23) 2 (46) Other income (expense), net - (1) 21 - 20 ---- ---- ---- ---- ---- Income (loss) before provision for income taxes (2) 1 (52) - (53) Provision for income taxes - (5) (13) - (18) ---- ---- ---- ---- ---- Net loss (2) (4) (65) - (71) Preferred stock dividends - - (1) - (1) ---- ---- ---- ---- ---- Loss applicable to common shareholders $(2) $(4) $(66) $- $(72) ==== ==== ==== ==== ==== (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat). (2) In May 2008 and August 2008, Global Crossing Limited transferred its GC Brazil and GC Chile operations, respectively, from the ROW Segment to the GC Impsat Segment. Since the transfer is between entities under common control, the Company has retroactively restated GC Impsat's results to include the GC Brazil and GC Chile operations and removed the GC Brazil and GC Chile operations from ROW's results for all periods presented. (3) On January 1, 2009, the Company adopted Financial Accounting Standard Board Staff Position No. APB 14-1 "Accounting for Convertible Instruments That May be Settled in Cash upon Conversion (Including Partial Cash Settlement)" ("APB 14-1"). APB 14-1 specifies that issuers of such instruments should separately account for the liability and equity components in a manner that will reflect the entity's non convertible debt borrowing rate when interest cost is recognized in subsequent periods. APB 14-1 must be applied on a retrospective basis. As a result of applying APB 14-1, interest expense has increased $2 for the three months ended March 31, 2008, and $2 for the three months ended December 31, 2008. (4) For the three months ended March 31, 2008 and December 31, 2008, $2 and $2 respectively of sales taxes netted against revenue were reclassified to selling, general and administrative expenses to be consistent with the presentation of other similar taxes. Additionally, for the three months ended March 31, 2008 and December 31, 2008, $4 and $3 respectively of costs associated with operating the GC Impsat Segment data center and voice business, principally related to employee related expenses, were reclassified from selling, general and administrative to real estate, network and operations as they represent service delivery costs and therefore are appropriately reported as cost of revenue. Global Crossing Limited and Subsidiaries Table 5 Unaudited Summary of Consolidated Revenue ($ in millions) Quarter Ended March 31, 2009 ---------------------------- GCUK GC Impsat ROW(1)Eliminations Total ---- --------- ----- ------------ ----- Revenue: Enterprise, carrier data and indirect sales channel $107 $111 $292 $- $510 Carrier voice 3 3 92 - 98 Other - - 1 - 1 Intersegment revenue - 2 2 (4) - ---- ---- ---- ---- ---- Consolidated revenues $110 $116 $387 $(4) $609 ---- ---- ---- ---- ---- Quarter Ended December 31, 2008 ------------------------------- GC GCUK Impsat(3) ROW(1)Eliminations Total ---- ----------- ----- ------------ ----- Revenue: Enterprise, carrier data and indirect sales channel $132 $120 $291 $- $543 Carrier voice 2 2 96 - 100 Other - - 1 - 1 Intersegment revenue - 2 6 (8) - ---- ---- ---- ---- ---- Consolidated revenues $134 $124 $394 $(8) $644 ---- ---- ---- ---- ---- Quarter Ended March 31, 2008 ---------------------------- GC Impsat ROW(1), Eliminations GCUK (2),(3) (2) (2) Total ---- --------- ---- ------------- ----- Revenue: Enterprise, carrier data and indirect sales channel $150 $109 $260 $- $519 Carrier voice 3 2 107 - 112 Other - - 1 - 1 Intersegment revenue - 1 2 (3) - ---- ---- ---- ---- ---- Consolidated revenues $153 $112 $370 $(3) $632 ---- ---- ---- ---- ---- (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat). (2) In May 2008 and August 2008, Global Crossing Limited transferred its GC Brazil and GC Chile operations, respectively, from the ROW Segment to the GC Impsat Segment. Since the transfer is between entities under common control, the Company has retroactively restated GC Impsat's results to include the GC Brazil and GC Chile operations and removed the GC Brazil and GC Chile operations from ROW's results for all periods presented. (3) For the three months ended March 31, 2008 and December 31, 2008, $2 and $2 respectively of sales taxes netted against revenue were reclassified to selling, general and administrative expenses to be consistent with the presentation of other similar taxes. Global Crossing Limited Table 6 Unaudited Reconciliation of OIBDA to Net Income (Loss) Applicable to Common Shareholders ($ in millions) Pursuant to the SEC's Regulation G, the following table provides a reconciliation of OIBDA, which is considered a non-GAAP (Generally Accepted Accounting Principles) financial measure, to income (loss) applicable to common shareholders. OIBDA is defined as operating income (loss) before depreciation and amortization. OIBDA differs from operating income (loss), as calculated in accordance with GAAP and reflected on our consolidated financial statements, in that it excludes depreciation and amortization. Such excluded expenses primarily reflect the non-cash impacts of historical capital investments, as opposed to the cash impacts of capital expenditures made in recent periods. In addition, OIBDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for reinvestment, distributions or other discretionary uses. Management uses OIBDA as an important part of our internal reporting and planning processes and as a key measure to evaluate profitability and operating performance, make comparisons between periods, and to make resource allocation decisions. Management believes that the investment community uses similar performance measures to compare performance of competitors in our industry. There are material limitations to using non-GAAP financial measures. Our calculation of OIBDA may differ from similarly titled measures used by other companies, and may not be comparable to those other measures. Additionally, OIBDA does not include certain significant items such as depreciation and amortization, interest income, interest expense, income taxes, other non-operating income or expense items, preferred stock dividends, and gains and losses on preconfirmation contingencies. OIBDA should be considered in addition to, and not as a substitute for, other measures of financial performance reported in accordance with GAAP. Management believes that OIBDA is useful to our investors as it is a relevant indicator of operating performance, especially in a capital- intensive industry such as telecommunications. OIBDA provides investors with an indication of the underlying performance of our everyday business operations. It excludes the effect of items associated with our capitalization and tax structures, such as interest income, interest expense and income taxes, and of other items not associated with our everyday operations. Quarter Ended March 31, 2009 ---------------------------- GCUK GC Impsat ROW(1) Eliminations Total ---- --------- ----- ------------ ----- OIBDA $23 $39 $13 $- $75 Depreciation and amortization (15) (20) (44) - (79) ---- ---- ---- ---- ---- Operating income (loss) 8 19 (31) - (4) Interest income 2 1 1 (3) 1 Interest expense (12) (8) (19) 3 (36) Other income (expense), net (3) 5 (17) - (15) Provision for income taxes - (4) - - (4) Preferred stock dividends - - (1) - (1) ---- ---- ---- ---- ---- Net income (loss) applicable to common shareholders $(5) $13 $(67) $- $(59) ==== ==== ==== ==== ==== Quarter Ended December 31, 2008 ------------------------------- ROW GCUK GC Impsat (1),(3) Eliminations Total ---- --------- ------- ------------ ----- OIBDA $25 $40 $37 $- $102 Depreciation and amortization (19) (21) (42) - (82) ---- ---- ---- ---- ---- Operating income (loss) 6 19 (5) - 20 Interest income 2 1 1 (2) 2 Interest expense (14) (8) (20) 2 (40) Other income (expense), net (41) (14) 26 - (29) Net gain on preconfirmation contingencies - - 1 - 1 Provision for income taxes - (2) (4) - (6) Preferred stock dividends - - (1) - (1) ---- ---- ---- ---- ---- Net loss applicable to common shareholders $(47) $(4) $(2) $- $(53) ==== ==== ==== ==== ==== Quarter Ended March 31, 2008 ---------------------------- GC Impsat ROW(1), GCUK (2) (2),(3) Eliminations Total ---- --------- ------ ------------ ----- OIBDA $35 $27 $(17) $- $45 Depreciation and amortization (22) (18) (36) - (76) ---- ---- ---- ---- ---- Operating income (loss) 13 9 (53) - (31) Interest income 2 1 3 (2) 4 Interest expense (17) (8) (23) 2 (46) Other income (expense), net - (1) 21 - 20 Provision for income taxes - (5) (13) - (18) Preferred stock dividends - - (1) - (1) ---- ---- ---- ---- ---- Net loss applicable to common shareholders $(2) $(4) $(66) $- $(72) ==== ==== ==== ==== ==== (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat). (2) In May 2008 and August 2008, Global Crossing Limited transferred its GC Brazil and GC Chile operations, respectively, from the ROW Segment to the GC Impsat Segment. Since the transfer is between entities under common control, the Company has retroactively restated GC Impsat's results to include the GC Brazil and GC Chile operations and removed the GC Brazil and GC Chile operations from ROW's results for all periods presented. (3) On January 1, 2009, the Company adopted Financial Accounting Standard Board Staff Position No. APB 14-1 "Accounting for Convertible Instruments That May be Settled in Cash upon Conversion (Including Partial Cash Settlement)" ("APB 14-1"). APB 14-1 specifies that issuers of such instruments should separately account for the liability and equity components in a manner that will reflect the entity's non convertible debt borrowing rate when interest cost is recognized in subsequent periods. APB 14-1 must be applied on retrospective basis. As a result of applying APB 14-1, interest expense has increased $2 for the three months ended March 31, 2008, and December 31, 2008. Global Crossing Limited and Subsidiaries Table 7 Unaudited Reconciliations of Free Cash Flow to Net Cash Provided by Operating Activities ($ in millions) Pursuant to the SEC's Regulation G, the following table provides a reconciliation of Free Cash Flow, which is considered a non-GAAP (Generally Accepted Accounting Principles) financial measure, to net cash provided by operating activities. We define Free Cash Flow as net cash provided by (used in) operating activities less purchases of property and equipment as disclosed in the statement of cash flows. Free Cash Flow differs from the net change in cash and cash equivalents in the statement of cash flows in that it excludes the cash impact of: all investing activities (other than capital expenditures, which are a fundamental and recurring part of our business); all financing activities; and exchange rate changes on cash and cash equivalents balances. Management uses Free Cash Flow as a relevant indicator of our ability to generate cash to pay debt. Free Cash Flow also is an important part of our internal reporting and a key measure used by management to evaluate liquidity from period to period. We believe that the investment community uses similar performance measures to compare performance of competitors in our industry. There are material limitations to using non-GAAP financial measures. Our calculation of Free Cash Flow may differ from similarly titled measures used by other companies, and may not be comparable to those other measures. Moreover, we do not currently pay a significant amount of income taxes due to net operating losses, and we therefore generate higher Free Cash Flow than comparable businesses that do pay income taxes. Additionally, Free Cash Flow is subject to variability quarter over quarter as a result of the timing of payments related to accounts receivable and accounts payable and capital expenditures. Free Cash Flow also does not include certain significant cash items such as purchases and sales out of the ordinary course of business, proceeds from financing activities, repayments of capital lease obligations and other debt, and the effect of exchange rate changes on cash and cash equivalents balances. Free Cash Flow should be considered in addition to, and not as a substitute for, net change in cash and cash equivalents in the statement of cash flows reported in accordance with GAAP. Management believes that Free Cash Flow is useful to our investors as it provides an indication of the underlying cash position of our everyday business operations and the ability to pay debt. Three months ended March 31, 2009 ---- Free Cash Flow $(32) Purchases of property and equipment 38 ---- Net cash provided by operating activities $6 ==== Three months ended December 31, 2008 ---- Free Cash Flow $30 Purchases of property and equipment 49 ---- Net cash provided by operating activities $79 ==== Three months ended March 31, 2008 ---- Free Cash Flow $(19) Purchases of property and equipment 44 ---- Net cash provided by operating activities $25 ==== Global Crossing Limited and Subsidiaries Table 8 Unaudited Reconciliations of 2009 OIBDA and Free Cash Flow Guidance ($ in millions) When providing projections for non-GAAP measures, we are required to provide a reconciliation of the non-GAAP measure to the most directly comparable GAAP metric to the extent available without unreasonable efforts. In such cases, we may indicate an amount or range for GAAP measures that are components of the reconciliation. The provision of such amounts or ranges must not be interpreted as explicit or implicit projections of those GAAP components. To reconcile the non-GAAP financial metric to GAAP, we must use amounts or ranges for the GAAP components that arithmetically add up to the non-GAAP financial metric. While we feel reasonably comfortable with the methodology used to generate the projections of our non-GAAP financial metrics, we fully expect that the amounts or ranges used for the GAAP components will vary from actual results. We have made numerous assumptions in preparing our projections. These assumptions, including the amounts of the various components that comprise a financial metric, may or may not prove to be correct. We will consider our projections of non-GAAP financial metrics to have been achieved if the specific non-GAAP measure is met or exceeded, even if the GAAP components of the reconciliation are materially different from those provided in an earlier reconciliation. This reconciliation was prepared based on the Company's guidance as provided on February 16, 2009. Twelve months ended December 31, 2009 ------------------- Low End of Guidance High End of Guidance OIBDA $320 $380 Depreciation and amortization (330) (331) ----- ----- Operating income (loss) (10) 49 Interest expense, net (147) (147) Provision for income taxes (27) (27) Preferred stock dividends (4) (4) ----- ----- Net loss applicable to common shareholders $(188) $(129) ===== ===== Free Cash Flow $50 $100 Purchases of property and equipment 145 155 ----- ----- Net cash provided by operating activities $195 $255 ===== ===== For definitions and further description of these non-GAAP measures see tables 6 and 7.

Global Crossing

CONTACT: Media, Michael Schneider, +1-973-937-0146,
Michael.Schneider@globalcrossing.com, or Analysts/Investors, Suzanne Lipton,
+1-800-836-0342, glbc@globalcrossing.com, Gino Mathew, +1-973-937-0133,
Gino.Mathew@globalcrossing.com, both of Global Crossing

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

LeapFrog Announces First Quarter 2009 Financial Results

EMERYVILLE, Calif., May 4 /PRNewswire-FirstCall/ -- LeapFrog Enterprises, Inc. , a leading designer, developer and marketer of technology-based learning products, today announced financial results for the first quarter ended March 31, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090219/LFLOGO)

Net sales for the quarter were $29.9 million, down 49% compared to $58.3 million in the same quarter a year ago. Net loss for the quarter was $27.1 million, or $0.43 per share, compared to $27.4 million, or $0.43 per share, a year ago.

Operating cash flow was $10.1 million in the quarter, and the company's cash position increased by $6.2 million from December 31, 2008. Cash and equivalents at the end of the quarter were $85.3 million, and the company had no debt outstanding.

Retail point-of-sale, or POS, dollars were up 8% year-over-year for the 16-weeks ended April 25, 2009 compared to the 16-weeks ended April 26, 2008. (Please see Description of Retail Point-of-Sale Dollars below for an explanation of this operating metric.)

"First quarter results were as we anticipated given the seasonally low sales period and high retailer inventory levels at the end of 2008. Channel inventory remains higher than normal, and we are actively working with retailers to reduce inventory to satisfactory levels by adjusting our promotional strategies and marketing plans. Our efforts are working, and point-of-sale results were strong in the first 16 weeks due to solid sales of our Tag and Leapster products. POS results were favorable throughout the first quarter and particularly encouraging over Easter in the second quarter. While we are optimistic about POS results to date, we realize that today's consumer remains promotionally driven and is seeking deals. We expect this behavior to continue through the second quarter," said Jeffrey Katz, Chairman and Chief Executive Officer.

"Our objective over the next few months is to reduce retailer inventory to appropriate levels while bolstering our sales through the introduction of new and attractively-priced products. This spring, we are launching Tag Junior, which will make our award-winning Tag Reading System available to a younger age group. We are also launching the Scout line. Throughout the year, we will introduce new content for the reading and gaming business lines, make significant improvements to Tag and Leapster2 and roll out substantially more features and capabilities on the LeapFrog Learning Path.

"We're on track to get the inventory overhang issue behind us. When the economy starts to recover, we believe LeapFrog's outstanding brand, robust product portfolio and lower cost structure will enable us to return to profitability," continued Mr. Katz.

First Quarter 2009 Financial Results Net Sales

Net sales for the quarter were $29.9 million, down 49% compared to $58.3 million for the same quarter a year ago. Net sales were down substantially year-over-year as a result of lower product shipments to retailers due to high retailer inventory levels at the end of 2008. Net sales were also down due to lower sales to schools as a result of the strategic restructuring of our school business last year.

Segment Results

Net sales from the United States segment for the quarter were $22.3 million, down 51% compared to $45.6 million a year ago. Net sales from the international segment were $7.6 million, down 40% compared to $12.7 million a year ago. Excluding the impact of currency fluctuations, the decline in international sales would have been 27%. Both the United States and international markets were significantly affected by high channel inventory levels at the end of 2008.

Gross Profit and Gross Margin

Gross profit for the quarter was $8.1 million, down 62% compared to $21.1 million a year ago as a result of lower sales in the quarter. Gross margin for the first quarter 2009 declined by 9.2 percentage points to 27.1% compared to 36.3% in the first quarter 2008 due to lower sales relative to fixed costs and promotions to reduce retailer inventory levels, offset favorably by the mix of higher-margin products.

Operating Expenses

Operating expenses for the quarter were $35.0 million, down 30% compared to $49.8 million a year ago, an improvement of $14.8 million. Selling, general and administrative expenses were $19.9 million, down 35% from $30.8 million a year ago reflecting the impact of lower headcount. Research and development expenses were $10.0 million, down 18% from $12.1 million a year ago as a result of lower headcount and development costs. Advertising expenses were $2.2 million, down 52% from $4.5 million a year ago. Advertising expenses were 7.3% of net sales in the first quarter of 2009, compared to 7.8% in the first quarter of 2008.

Loss from Operations

Loss from operations for the quarter was $26.9 million, an improvement of 6% or $1.7 million, compared to a loss of $28.6 million a year ago.

Net Loss

Net loss for the quarter was $27.1 million, or $0.43 per share, compared to a net loss of $27.4 million, or $0.43 per share, a year ago.

Financial Position

Cash and equivalents were $85.3 million at March 31, 2009, compared with $105.8 million at March 31, 2008. The company has no debt outstanding on a $100 million asset-backed line that expires in late 2010. Inventories were $59.5 million at March 31, 2009, compared with $55.6 million at March 31, 2008 and $58.2 million at December 31, 2008.

"LeapFrog's financial position remains solid. We ended the quarter with a strong cash position, no debt and positive cash flow. Over the past year, we have significantly reduced our cost structure, and, as a result, our net loss was flat year-over-year despite a $28 million decrease in net sales. Our operating expenses are down 30% from the first quarter of last year, and we are on track to achieve a similar reduction for the full year," said Bill Chiasson, Chief Financial Officer.

Guidance For the second quarter of 2009, LeapFrog expects: -- Net sales to be between $35 and $45 million -- Gross margin to be between 30% and 33% -- Operating expenses to be between $34 and $36 million, down approximately 27% to 31% year-over-year For the third quarter of 2009, LeapFrog expects: -- Net sales to be between $100 and $120 million -- Gross margin to be between 37% and 41% -- Operating expenses to be between $40 and $44 million, down approximately 21% to 28% year-over-year

"As indicated in our guidance, we expect second and third quarter net sales to be down 35% to 50% relative to last year as we continue to work with retailers to reduce inventory levels. Retailer inventory levels are expected to reach satisfactory levels by early in the third quarter, and we expect year-over-year sales growth to resume in the fourth quarter. Gross margin is expected to decline in the second and third quarters of 2009 compared to the prior year due to lower sales relative to fixed costs and higher promotional expenses. Sequentially, we expect gross margin to improve each quarter as sales volumes increase and pressure from promotions are offset by a favorable mix of software to hardware sales," said Mr. Chiasson.

"It is still too early to forecast full year results with any certainty. We are carefully monitoring the environment and are prepared to ramp the business up or down as market conditions dictate. We are focused on further reducing our operating cost structure and improving our cash flow for the year. As the economy recovers, we believe our lower cost structure, strong brand, and healthy product portfolio will position LeapFrog for profitable growth," continued Mr. Chiasson.

Conference Call and Webcast

LeapFrog will hold a conference call to discuss first quarter 2009 financial results today, May 4, 2009, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).

The conference call will be webcast and can be accessed at LeapFrog's investor web site at http://www.leapfroginvestor.com/. To participate in the call, please dial (706) 634-0183 and request Conference ID 95318583.

Description of Retail Point-of-Sale Dollars

Retail point-of-sale dollars is a non-audited operating metric that represents U.S. retailers' sales of LeapFrog products to consumers. Retail point-of-sale dollars differs significantly from LeapFrog's reported net sales, which reflect all products sold by LeapFrog to its retailer customers in all markets and also includes other sources of revenue. The point-of-sale data is provided to LeapFrog by retailers. LeapFrog believes this represents approximately 95% of our U.S. retailers' dollar sales of LeapFrog products to consumers, based on historical shipments by us to such retailers. LeapFrog management uses point-of-sale data to evaluate the retail channel sales environment and develop net sales forecasts.

About LeapFrog

LeapFrog Enterprises, Inc. is a leading designer, developer, and marketer of innovative, technology-based learning products and related proprietary content, dedicated to making learning effective and engaging for all ages, at home and in schools, around the world. The company was founded in 1995 and is based in Emeryville, California. LeapFrog has developed a family of learning platforms that come to life with an extensive library of software titles covering important subjects such as phonics, reading, writing, math, music, geography, social studies, spelling, vocabulary and science. In addition, the company has created a broad line of stand-alone educational products for children. LeapFrog's award-winning products are available in six languages at major retailers in more than 35 countries around the world and in more than 100,000 classrooms across the United States.

NOTE: LEAPFROG, the LeapFrog Logo, TAG, and LEAPSTER are trademarks or registered trademarks of LeapFrog Enterprises, Inc.

Forward-Looking Statements

Cautionary Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements, including: statements regarding anticipated financial results, including net sales, inventory levels, point-of-sale dollars, gross margin, operating expenses, operating results and cash flows; the timing of changes in economic conditions; consumer buying patterns; launches of new products and services; build-out of existing products and services; and benefits of strategies and new products and services. These forward-looking statements involve risks and uncertainties, including risks related to the recession and its effect on retail business, overall consumer sentiment and trends relating to children's products and their effect on retailer buying behavior, the rates of acceptance by consumers of our web-based products and services, our ability to respond quickly to changes in demand for our products, and our ability to provide high-quality experiences to consumers with all of our products and services. These and other risks and uncertainties detailed from time to time in our SEC filings, including our 2008 annual report on Form 10-K filed on March 11, 2009, could cause the company's actual results to differ materially from those discussed in this release. All forward-looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.

Contact Information Investors: Media: Karen Sansot Mischa Dunton Investor Relations Corporate Communications (510) 420-4803 (510) 596-5441 LeapFrog Enterprises, Inc. Consolidated Statements of Operations (In thousands, except per share data) (Unaudited) Three Months Ended March 31, 2009 2008 Net sales $29,879 $58,274 Cost of sales 21,793 37,143 Gross profit 8,086 21,131 Operating expenses: Selling, general and administrative 19,938 30,761 Research and development 9,973 12,110 Advertising 2,168 4,532 Depreciation and amortization 2,899 2,351 Total operating expenses 34,978 49,754 Loss from operations (26,892) (28,623) Interest income 159 967 Interest expense (25) (13) Other expense, net (413) (392) Total other income (expense) (279) 562 Loss before income taxes (27,171) (28,061) Benefit from income taxes (50) (625) Net loss $(27,121) $(27,436) Net loss per common share: Class A and B - basic and diluted $(0.43) $(0.43) Weighted average shares outstanding: Class A and B - basic and diluted 63,786 63,491 LeapFrog Enterprises, Inc. Consolidated Statements of Cash Flows (In thousands) (Unaudited) Three Months Ended March 31, 2009 2008 Operating activities: Net loss $(27,121) $(27,436) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 5,232 4,407 Unrealized foreign exchange loss (1,319) (734) Deferred income taxes 128 (3) Stock-based compensation expense 3,004 2,958 Impairment of investment in auction rate securities 23 255 Decrease in allowance for doubtful accounts (810) (191) Decrease in other accounts receivable-related allowances (22,493) (12,658) Disposal of property and equipment (4) (21) Other changes in operating assets and liabilities: Accounts receivable 107,623 100,196 Inventories (1,291) (3,143) Prepaid expenses and other current assets (479) (2,115) Other assets 104 279 Accounts payable (36,613) (10,904) Accrued liabilities and deferred revenue (16,662) (33,070) Long-term liabilities 124 (125) Income taxes payable (207) 62 Other 837 829 Net cash provided by operating activities 10,076 18,586 Investing activities: Purchases of property and equipment (1,300) (1,394) Capitalization of product costs (2,230) (5,239) Net cash used in investing activities (3,530) (6,633) Financing activities: Proceeds from stock option exercises and employee stock purchase plans 41 180 Net cash paid for payroll taxes on restricted stock unit releases (6) (77) Net cash provided by financing activities 35 103 Effect of exchange rates on cash (359) 320 Net change in cash and cash equivalents 6,222 12,376 Cash and cash equivalents, beginning of period 79,101 93,460 Cash and cash equivalents, end of period $85,323 $105,836 LeapFrog Enterprises, Inc. Consolidated Balance Sheets (In thousands) (Unaudited) March 31, December 31, 2009 2008 2008 (Audited) Assets Current assets: Cash and equivalents $85,323 $105,836 $79,101 Accounts receivable, net of allowances for doubtful accounts of $1,884, $288 and $3,872 5,598 39,207 89,918 Inventories 59,487 55,558 58,196 Prepaid expenses and other current assets 11,301 22,542 10,822 Deferred income taxes 3,076 3,409 3,189 Total current assets 164,785 226,552 241,226 Long-term investments 4,939 10,670 4,962 Deferred income taxes 482 212 497 Property and equipment, net 18,025 19,408 19,611 Capitalized product costs, net 16,250 17,139 16,227 Goodwill 19,549 19,549 19,549 Other assets 5,006 8,532 5,260 Total assets $229,036 $302,062 $307,332 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,744 $29,909 $56,357 Accrued liabilities and deferred revenue 27,934 30,550 44,596 Income taxes payable 22 79 229 Total current liabilities 47,700 60,538 101,182 Long-term deferred income taxes 22,662 20,191 22,404 Other long-term liabilities 3,686 2,198 3,820 Stockholders' equity: Class A common stock - 139,500 shares authorized; outstanding 36,674, 35,895 and 36,627 4 4 4 Class B common stock - 40,500 shares authorized; outstanding 27,141, 27,614 and 27,141 3 3 3 Treasury stock (185) (185) (185) Additional paid-in capital 367,696 356,917 364,657 Accumulated other comprehensive income (loss) (2,911) 4,074 (2,055) Accumulated deficit (209,619) (141,678) (182,498) Total stockholders' equity 154,988 219,135 179,926 Total liabilities and stockholders' equity $229,036 $302,062 $307,332 LeapFrog Enterprises, Inc. Supplemental Financial Information (In thousands) (Unaudited) Three Months Ended March 31, 2009 2008 Net sales $29,879 $58,274 Cost of sales (1) 21,793 37,143 Gross profit 8,086 21,131 Operating expenses: (2) (3) Selling, general and administrative 19,938 30,761 Research and development 9,973 12,110 Advertising 2,168 4,532 Depreciation and amortization 2,899 2,351 Total operating expenses 34,978 49,754 Loss from operations (26,892) (28,623) Interest income 159 967 Interest expense (25) (13) Other expense, net (4) (413) (392) Total other income (expense) (279) 562 Loss before income taxes (27,171) (28,061) Benefit from income taxes (50) (625) Net loss $(27,121) $(27,436) (1) Includes depreciation and amortization $2,333 $2,056 (2) Includes stock-based compensation as follows: Selling, general and administrative $2,455 $2,458 Research and development 549 500 (3) Includes severance costs as follows: Selling, general and administrative $553 $430 Research and development 266 805 (4) Includes impairment of auction rate securities $23 $255

Photo: http://www.newscom.com/cgi-bin/prnh/20090219/LFLOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com LeapFrog Enterprises, Inc.

CONTACT: Investors, Karen Sansot, Investor Relations, +1-510-420-4803,
or Media, Mischa Dunton, Corporate Communications, +1-510-596-5441, both of
LeapFrog Enterprises, Inc.

Web Site: http://www.leapfrog.com/
http://www.leapfroginvestor.com/

LSI Announces Webcast for Annual Meeting

MILPITAS, Calif., May 4 /PRNewswire-FirstCall/ -- LSI Corporation today announced that stockholders will be able to access the proceedings of its annual meeting of stockholders at 9 a.m. PDT on Thursday, May 14, 2009, through a live webcast.

At that time, stockholders and others will be able to follow the meeting in listen-only mode via the internet by going to http://www.lsi.com/webcast and clicking on the audio link.

About LSI

LSI Corporation is a leading provider of innovative silicon, systems and software technologies that enable products which seamlessly bring people, information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs, adapters, systems and software that are trusted by the world's best known brands to power leading solutions in the Storage and Networking markets. More information is available at http://www.lsi.com/.

Editor's Notes: 1. All LSI news releases (financial, acquisitions, manufacturing, products, technology, etc.) are issued exclusively by PR Newswire and are immediately thereafter posted on the company's external website, http://www.lsi.com/. 2. LSI and the LSI logo design are trademarks or registered trademarks of LSI Corporation.

LSI Corporation

CONTACT: Media, Mitch Seigle, +1-408-954-3225, mitch.seigle@lsi.com; or
Investors, Sujal Shah, +1-610-712-5471, sujal.shah@lsi.com, both of LSI
Corporation

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

IBA Health Chooses Verizon Business to Enhance Global CollaborationVerizon Managed Private IP Network Provides Foundation for Unified Communications and Collaboration Capabilities

SYDNEY, Australia, May 4 /PRNewswire/ -- IBA Health, one of the world's largest specialist health-information technology companies, has selected a Verizon Business Private IP solution for its global communications network. The fully managed solution will connect IBA Health's offices and more than 4,200 employees in 22 locations across Australasia, the Middle East, South Africa, India, South East Asia and Europe, providing a secure and flexible foundation on which the company can build enhanced internal collaboration capabilities to improve its overall customer service.

IBA Health, headquartered in Australia, delivers health-care-related IT solutions to connect providers, payers, patients and communities around the globe. With its business continuing to expand, the company wanted to enhance its overall communications capabilities to enhance internal collaboration, particularly in the application-development process.

Specifically, IBA Health was looking to consolidate its global communications with a single managed-service provider with the global reach, network diversity and flexibility, managed service capabilities, experience, and expertise to support the company's current communication needs, as well as provide a firm foundation for its future growth.

"Verizon Business ticked all the boxes in terms of network capabilities and also was able to demonstrate a solid understanding of our business challenges and an ability to deliver solutions based on our objectives," said Martin Wilkinson, CIO of IBA Health. "As a company, we have exacting standards and service needs - and Verizon Business was able to answer these, backing its solutions with strong service-level agreements."

With Verizon Private IP in place, IBA Health plans to deploy unified communications solutions, starting with IP telephony, but with the eventual aim of enabling "follow-me," presence-based IP-communications to enhance the timeliness and effectiveness of employee collaboration. IP-enabled audio and video conferencing will also be deployed in all the company's offices, enabling employees to collaborate around the globe. The company hopes that this will dramatically improve the delivery of its operations. For example, its application developers -- based in Bangalore, Chennai and the United Kingdom -- will be able to work together in a secure virtual production environment.

The company will centralize its human resources, finance and customer-resource management applications, with Verizon Private IP providing a resilient, reliable and secure global network over which these applications can be delivered to IBA Health's global employees.

Ron Gauci, area vice president, Australia and New Zealand, Verizon Business, said: "Health care customers -- from providers to patients -- have some of the most exacting demands in the world in terms of information availability and security, and increasingly, success in this space is enhanced by technology. Verizon Private IP has a proven pedigree of providing a reliable, secure and high-speed foundation on which multinational companies can build their business, backed with global service and support. It is this combination of capabilities that makes a real difference to our customers such as IBA Health."

IBA's Wilkinson concluded: "Our overall objective was to help us to do business better. With Verizon Business' help, we are not only developing resources to support effective teamwork around the globe, but also achieving efficiencies of up to 25 percent in our overall IT budget. Most importantly, however, we have found a long-term partner to support our ongoing global growth."

About Verizon Business

Verizon Business, a unit of Verizon Communications , is a global leader in communications and IT solutions. We combine professional expertise with the world's most connected IP network to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees -- enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments -- including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions -- rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com/

About IBA Health

IBA Health Group Limited (ASX-IBA) is the largest health information technology company listed on the Australian Securities Exchange, and trades globally under the name 'iSOFT".

IBA builds software applications for healthcare. We work with healthcare professionals to design and build solutions that answer all of the difficult questions posed by today's care delivery challenges. Our solutions act as a catalyst for change, supporting the free exchange of critical information across diverse care settings and participant organisations. We are the leader in the provision of advanced application solutions in modern healthcare economies around the world

Today, over 13,000 provider organisations in 37 countries across five continents use IBA's solutions to manage patient information and drive improvements in their core processes. The group's sustainable development is delivered through careful planning, in-depth analysis of our market and anticipation of evolving requirements. Our business is driven by the collective talent, experience and commitment of more than 4,200 specialists around the globe, including over 2,300 technology and development professionals.

A global network of IBA subsidiaries, supported by an extensive partner network, provides substantial experience of national healthcare markets. As a result we offer our customers comprehensive knowledge of local market requirements, in terms of culture, language, working practice, healthcare regulation and organisational structure.

For more information on IBA Health, please visit the company's website at http://www.ibahealth.com/

Verizon

CONTACT: Junaidah Dahlan, +65-6248-6827,
junaidah.dahlan@sg.verizonbusiness.com; or Janet Brumfield, +1-614-723-1060,
janet.brumfield@verizon.com

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

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

Cinram International Income Fund Annual and Special Meeting of Unitholders

TORONTO, May 4 /PRNewswire-FirstCall/ -- Cinram International Income Fund (TSX: CRW.UN) will host its Annual and Special Meeting of unitholders on Monday May 11 at 10:00 a.m. at the ING Leadership Centre. Unitholders, members of the financial community and the media are welcome to attend the meeting in person, or to listen via live webcast.

Where: - ING Leadership Centre 130 King Street West (Amphitheatre 1) Toronto, Ontario When: - May 11, 2009 at 10:00 a.m. ET Webcast The meeting will also be webcast live, and archived at: - http://investors.cinram.com/ - http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2642200 About Cinram

Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is the world's largest provider of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram now also provides distribution and logistics services to the telecommunications industry in North America and Europe through its wireless subsidiaries. The Fund's units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit our website at http://www.cinram.com/.

Cinram International Income Fund

CONTACT: John Bell, Tel: (416) 332-2902, johnbell@cinram.com

Pinnacle Fund Issues Letters Requesting Asure Software Abandon its Pending Go-Private Transaction, Requests Shareholder List.

NEW YORK, May 4 /PRNewswire/ -- Pinnacle Fund (controlled by Pinnacle Partners, LLC which is partly controlled by Red Oak Partners, LLC) announced today that it has issued two letters to Asure Software ("ASUR" or the "Company") requesting that its concerns be addressed, including: a) calling a 2009 annual meeting - thus far ASUR's Board has failed to call nor indicated its intention to call such a meeting; b) excess compensation at the senior management level; c) increasing shareholder representation on a Board which currently has very low insider stock ownership and representation along major shareholders; c) the inability of management to historically forecast its business; and d) an imprudent going-private transaction despite the Company's ability to realize the bulk of ASUR's stated cost savings while remaining public as well as to save additional monies by not paying out certain stockholders at 2x current market price levels. Pinnacle's first letter was issued on April 17th, 2009, followed by a second letter and a shareholder list request issued on May 4, 2009. The letters ask for "immediate and radical changes in the cost structure" to better align costs with revenues and that ASUR abandon its pending go-private transaction and instead effect immediate changes - inclusive of Board changes, setting a date for its annual meeting, and enacting both a reverse stock split in order to satisfy NASDAQ minimum price requirements and an active stock repurchase program.

David Sandberg, the portfolio manager of the Pinnacle Fund, further states, "We would still like to work with the Company's current board and management to address and resolve our concerns. But unless the board and management withdraw from this go-private proposal and map out a workable strategy to restore profitability, our ability to work together appears limited and a proxy fight more inevitable."

Pinnacle's letters are attached to Red Oak's recently amended Schedule 13-D and are publicly available on the U.S. Securities & Exchange Commission's Edgar database at http://www.sec.gov/.

If you have further questions please contact Pinnacle Partners at (212) 614-8952 or dsandberg@redoakpartners.com.

Red Oak Partners, LLC

CONTACT: David Sandberg, +1-212-614-8952, dsandberg@redoakpartners.com

Microsoft Launches Stimulus360 to Help Make Government Transparency and Collaboration a RealitySolution provides public sector organizations with advanced capabilities to track, measure and share information on economic stimulus programs

REDMOND, Wash., May 4 /PRNewswire-FirstCall/ -- As part of Microsoft Corp.'s ongoing efforts to help government organizations become more open and transparent, the company today unveiled Stimulus360 (http://www.microsoft.com/government/stimulus360), a Microsoft SharePoint-based solution that can quickly and easily help public sector agencies track, measure and share information about stimulus-funded projects through hosted or on-premises offerings.

Every level of government - federal, state and local, and educational organizations --is involved in implementing the American Recovery and Reinvestment Act (ARRA). To help these organizations more effectively track and manage all aspects of stimulus-funded projects, Microsoft developed Stimulus360 to provide greater transparency and accountability across multiple jurisdictions, allowing agencies to track and manage projects through graphical dashboards, maps and analytics. Stimulus360 integration features allow leaders to communicate directly with other jurisdictions and citizens, facilitating collaboration, increasing transparency and satisfying reporting requirements. In addition, all actions and events are automatically captured as workflow history, enabling informed response and establishing greater accountability at every point in a stimulus program's life cycle.

"Stimulus360 provides a tool that governments can immediately use to meet the specific and often complex requirements of the American Recovery and Reinvestment Act," said Gail Thomas-Flynn, general manager of Microsoft's state and local business. "It helps manage the details and coordination required while, most important, allowing leaders to focus on implementing projects that will create jobs and promote economic recovery."

U.S. states, cities, and localities can begin to deploy Stimulus360 as they prepare for direction from federal officials on how to comply with a number of complex requirements for receiving and disbursing stimulus funding. Stimulus360 seeks to simplify this process by centralizing information, including legislative and regulatory links, necessary report templates, and a news feed to help keep users informed on the latest stimulus-related developments. Built-in performance metrics are based on official government guidance and requirements and can be customized to the unique needs of each organization. Stimulus360 also comes equipped with geospatial features that link data to mapping capabilities, providing a visual view of project status, while analytics allow users to access valuable intelligence such as job creation by city or the impact of projects in rural areas.

Customers can deploy Stimulus360 on premise, using their own hardware and networks, or in a hosted model. The solution has an intuitive interface and easily integrates with familiar Microsoft Office applications.

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Microsoft Corp.

CONTACT: Jared Adams, Merritt Group, +1-703-390-1530,
adams@merrittgrp.com

Web Site: http://www.microsoft.com/government/stimulus360

Liberty University Supercharges Federal Signal Safety and Security SystemUpgraded alerting and notification system connects campus community

UNIVERSITY PARK, Ill., May 4 /PRNewswire-FirstCall/ -- Liberty University in Lynchburg, Virginia, stretches across more than 5,000 acres and includes over 2.9 million square feet of facilities. More than 11,000 students are in residence at the university. Not surprisingly, communications presents challenges for campus leaders.

Several years ago, Liberty deployed a Federal Signal safety and security system to provide outdoor warning across a campus-wide network of public warning sirens. To extend the reach of the network to indoor campus areas and to individual students, the university recently upgraded the siren network with the Federal Signal SmartMSG mission-critical communications system.

"The Federal Signal safety and security system enables us to reach out directly to students and staff in the event of a campus incident. The Federal Signal SmartMSG enhancement provides a comprehensive way to protect people--every day," said Chief Richard Hinkley, of the Liberty University Police Department.

Reach more, do more

Liberty University upgraded their campus and safety security system to connect with mobile devices, landline phones and e-mail addresses across the campus community. From a Federal Signal hosted website, faculty, staff and students can now opt-in to receive messages on a variety of devices, including mobile phones, home phones and e-mail devices.

"Federal Signal's comprehensive alerting and notification capabilities offer leading educational institutions a powerful way to quickly communicate across campus communities," said John Von Thaden, director of alerting and notification systems for Federal Signal Corporation's Public Safety Systems Division.

More than 100 colleges and universities have deployed safety and security systems from Federal Signal's Public Safety Systems Division. For more information please visit http://www.federalsignal.com/CampusSafety .

About Federal Signal

Federal Signal Corporation is a leader in advancing security and well-being for communities and workplaces around the world. The Company designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial and airport customers. Federal Signal's portfolio of trusted, high-priority products include Bronto aerial devices, Elgin and Ravo street sweepers, Federal Signal safety and security systems, Guzzler industrial vacuums, Jetstream waterblasters and Vactor sewer cleaners. Federal Signal was founded in 1901 and is based in Oak Brook, Illinois. http://www.federalsignal.com/

Federal Signal Corporation

CONTACT: John Segvich of Federal Signal Corporation, +1-708-587-3486,
jsegvich@federalsignal.com

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

Fiesta Movement Agents Begin Monthly Missions

DETROIT, May 4 /PRNewswire-FirstCall/ --

SUMMARY: -- After successful immersion events across the country, Fiesta Movement agents are ready to take part in their first mission under a "travel" theme -- A live feed of agent activity will be available at http://www.fiestamovement.com/ - a one-stop Web site for everything related to the Fiesta Movement -- Initial pre-mission buzz already impressive - more than 350 Flickr photos, over 450 Tweets, and about 100 YouTube videos posted CONTEXT / BACKGROUND:

Whether it's off to Vegas to get married, recreating a historic event or turning their Fiesta into an ice cream truck, the Fiesta Movement "agents" are off and running on their first "mission." Having completed immersion events about the Movement and their new Fiestas, the agents are ready to generate excitement about the highly anticipated Ford Fiesta, the new fuel-efficient small car that brings its style and substance to the U.S. next year. As part of an innovative social media initiative, 100 young trendsetters will test drive and live with a European-spec Fiesta for six months, traveling as agents on special missions, who then will relate their experiences through a variety of social media sites.

DETAILS:

With keys in hand, the Fiesta Movement agents now are ready to start their missions and talk about their adventures. Each agent attended a two-day immersion event in locations across the country, including Los Angeles, New York City, Chicago, Atlanta, Denver and Seattle. Agents were given an intense course on everything related to Fiesta Movement including the history of Fiesta, operation of key features, and responsibilities associated with being an agent. After receiving a pair of sunglasses to confirm their agent status and a second key to the car, the agents finally were sent on their way to start their Fiesta Movement adventure.

May Mission: Travel

For the month of the May, the missions fall under the theme of travel. There are 100 missions in all, and each agent goes to the Fiesta Movement Web site to select the mission of his or her choice.

Ranging from simple to complex, the missions all have one thing in common - they require a taste for adventure. One mission asks the agent to recreate Paul Revere's midnight ride by driving the historic route while discussing that part of American history and the difference between the drive in their car versus on a horse. Another mission is to turn their Fiesta into an ice cream truck. After stocking it with ice cream, they will drive to the beach or an event and give away every piece, photographing each person who receives ice cream. And for the most adventurous, one mission is to get married in Las Vegas, in the most bizarre chapel they can find, in front of 10 witnesses. More details...

About Ford Motor Company

Ford Motor Company , a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 205,000 employees and about 90 plants worldwide, the company's automotive brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit http://www.ford.com/.

video and email notifications. Ford Motor Company

CONTACT: Alan Hall, Ford Motor Company, +1-313-594-3744,
ahall32@ford.com

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

InformationWeek Assesses Ubuntu 9.04

MANHASSET, N.Y., May 4 /PRNewswire-FirstCall/ -- InformationWeek has posted an in-depth guide to help readers explore, install, and use the latest version of Ubuntu, which is a wildly popular version of the Linux open-source operating system.

Written by InformationWeek senior editor and Linux guru Serdar Yegulalp, Inside Ubuntu 9.04 (http://www.informationweek.com/news/software/linux/showArticle.jhtml?articleI D=217200717) uncovers the software's pitfalls and gotchas, as well as its hidden delights.

"With each release, Ubuntu shapes up all the more as the Linux distribution for the end user," writes Yegulalp. "Critics are calling it as slick and seamless as the Mac's OS X, and it's come that much closer to being a one-for-one replacement for the Windows operating system as anything yet seen."

To read the full article, please visit: Inside Ubuntu 9.04 (http://www.informationweek.com/news/software/linux/showArticle.jhtml?articleI D=217200717)

Contact: Ellen Asuncion Sr. Marketing Manager InformationWeek Business Technology Network 949.223.3622 easuncion@techweb.com Alexander Wolfe Editor-in-Chief, InformationWeek.com 516.562.7821 awolfe@techweb.com About InformationWeek

InformationWeek (http://www.informationweek.com/) is the anchor brand for the InformationWeek Business Technology Network -- a powerful portfolio of resources that span the technology market, including security with DarkReading.com, storage with ByteandSwitch.com, application architecture with IntelligentEnterprise.com, network architecture with NetworkComputing.com, cloud computing with PlugIntoTheCloud.com, and SMB with bMighty.com. InformationWeek Magazine reaches 440,000 business technology professionals at more than a quarter million unique locations. Its mission is to help CIOs and IT executives define and frame their business technology objectives. InformationWeek.com delivers breaking news, blogs, high-impact image galleries, and proprietary research as well as analysis on IT trends, a whitepaper library, video reports, and interactive tools, in a 24/7 environment.

About TechWeb

TechWeb (http://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 such as Interop, Enterprise 2.0, Web 2.0, Black Hat and VoiceCon; online resources such as Informationweek.com, Light Reading, Intelligent Enterprise, bMighty.com, and the Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, and Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, market 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.

*13.3 million business decision-makers: based on # of monthly connections across TechWeb brands.

About United Business Media Limited

UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print, and business information products. Our 6,500 staff in more than 30 countries are organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.unitedbusinessmedia.com/.

InformationWeek

CONTACT: Ellen Asuncion, Sr. Marketing Manager, InformationWeek Business
Technology Network, +1-949-223-3622, easuncion@techweb.com, or Alexander
Wolfe, Editor-in-Chief, InformationWeek.com, +1-516-562-7821,
awolfe@techweb.com

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

Tii Network Technologies Reports First Quarter 2009 Results

EDGEWOOD, N.Y., May 4 /PRNewswire-FirstCall/ -- Tii Network Technologies, Inc. , a leader in designing, manufacturing and marketing network products for the communications industry, today reported results of operations for the three months ended March 31, 2009.

Net sales for the three months ended March 31, 2009 were $5,749,000 compared to $8,851,000 for the comparable prior year period, a decrease of $3,102,000 or 35.0%. The decline was due to the sharp downturn in economic activity which has negatively impacted the markets for the Company's connectivity, network interface device and overvoltage surge protection products. This decrease was partially offset by an increase in sales of the Company's broadband products.

Operating loss for the three months ended March 31, 2009 was $196,000 compared to operating income of $223,000 in the comparable prior year period, a decrease of $419,000. The decrease is primarily attributable to a $1,125,000 decrease in gross profit as a result of the decrease in sales, partially offset by a $706,000 reduction in operating expenses. The improvement in operating expenses in the 2009 period from the 2008 period was due to a number of cost reductions, the largest being a decrease in salary and related benefits resulting from decreases in headcount.

For the three months ended March 31, 2009, net loss was $232,000, or $0.02 per share, compared to net income of $151,000, or $0.01 per diluted share, for the same prior year period, a decrease of $383,000. The current quarter results include a tax provision of $39,000 compared to $89,000 in the same prior year period. Our income tax provision for each period consists of amounts necessary to align our year-to-date tax provision with the effective tax rate we expect to achieve for the full year. That rate differs from the U.S. statutory rate primarily as a result of the non-deductibility of certain share-based compensation expense for income tax purposes that has been recognized for financial statement purposes, state taxes and additionally, in the current year period, an increase in the valuation allowance against deferred tax assets for our estimate of state net operating losses that will expire unutilized.

Kenneth A. Paladino, President and Chief Executive Officer, stated, "The effect of the economic recession continued to negatively impact our sales levels in the first quarter resulting in a loss for the quarter. Despite this loss, our financial position continued to improve due to our ongoing operating expense reductions of more than $700,000 from the prior year quarter. Our balance sheet remains strong, with cash increasing from January 1, 2009 by $1.3 million to $9.5 million at March 31, 2009.

During this economic contraction we continue to execute our strategy of developing new products, aggressively pursuing market share and improving our operations. Though the decline in the overall market for our products has continued, we believe that this is the right strategy."

About Tii Network Technologies, Inc.

Tii Network Technologies, Inc. headquartered in Edgewood, New York, designs, manufactures and sells products to the service providers in the Communications Industry for use in their networks. Our products are typically found outdoors in the service provider's distribution network, at the interface where the service provider's network connects to the user's network, and inside the user's home or apartment, and are critical to the successful delivery of voice and broadband communication services. Additional information about the company can be found at http://www.tiinettech.com/.

Forward Looking Statement

Certain statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as "may," "should," "seek," "believe," "expect," "anticipate," "estimate," "project," "intend," "strategy" and similar expressions are intended to identify forward looking statements regarding events, conditions and financial trends that may affect our future plans, operations, business strategies, operating results and financial position. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause our actual results, performance or achievements to differ materially from those described or implied in the forward-looking statements as a result of several factors. Among those factors are:

-- general economic and business conditions, especially as they pertain to the Telco industry; -- potential changes in customers' spending and purchasing policies and practices, which are effected by customers' internal budgetary allotments that may be impacted by the current economic climate, particularly in the United States; -- pressure from customers to reduce pricing without achieving a commensurate reduction in costs; -- the ability to market and sell products to new markets beyond our principal copper-based Telco market which has been declining over the last several years, due principally to the impact of alternate technologies; -- exposure to increases in the cost of our products, including increases in the cost of our petroleum-based plastic products and precious metals; -- the ability to timely develop products and adapt our existing products to address technological changes, including changes in our principal market; -- competition in our traditional Telco market and new markets we are seeking to penetrate; -- dependence on, and ability to retain, our "as-ordered" general supply agreements with our largest customer and ability to win new contracts; -- dependence on third parties for certain product development; -- dependence for products and product components from Pacific Rim contract manufacturers, including on-time delivery that could be interrupted as a result of third party labor disputes, political factors or shipping disruptions, quality control and exposure to changes in costs and changes in the valuation of the Chinese Yuan; -- weather and similar conditions, particularly the effect of typhoons on our assembly and warehouse facilities in the Pacific Rim; -- the ability to attract and retain technologically qualified personnel; and -- the availability of financing on satisfactory terms.

We undertake no obligation to update any forward-looking statement to reflect events after the date of this Report.

-- Statistical Tables Follow -- TII NETWORK TECHNOLOGIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data) Three months ended March 31, 2009 2008 (unaudited) Net sales $5,749 $8,851 Cost of sales 3,622 5,599 Gross profit 2,127 3,252 Operating expenses: Selling, general and administrative 1,884 2,407 Research and development 439 622 Total operating expenses 2,323 3,029 Operating (loss) income (196) 223 Interest income 3 17 (Loss) income before income taxes (193) 240 Income tax provision 39 89 Net (loss) income $(232) $151 Net (loss) income per common share: Basic $(0.02) $0.01 Diluted $(0.02) $0.01 Weighted average common shares outstanding: Basic 13,560 13,493 Diluted 13,560 13,750 TII NETWORK TECHNOLOGIES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share data) March 31, December 31, 2009 2008 (unaudited) ASSETS Current assets: Cash and cash equivalents $9,535 $8,282 Accounts receivable, net of allowance of $98 and $88 at March 31, 2009 and December 31, 2008, respectively 2,831 3,906 Inventories, net 8,353 9,031 Deferred tax assets, net 613 697 Other current assets 156 175 Total current assets 21,488 22,091 Property, plant and equipment, net 8,545 8,877 Deferred tax assets, net 8,642 8,599 Other assets, net 185 154 Total assets $38,860 $39,721 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $1,150 $2,090 Accrued liabilities 769 652 Total current liabilities and total liabilities 1,919 2,742 Commitments and contingencies Stockholders' equity: Preferred stock, par value $1.00 per share; 1,000,000 shares authorized, including 30,000 shares of series D junior participating at December 31, 2008; no shares outstanding - - Common stock, par value $.01 per share; 30,000,000 shares authorized; 13,787,429 shares issued and 13,769,792 shares outstanding as of March 31, 2009, and December 31, 2008 138 138 Additional paid-in capital 42,456 42,262 Accumulated deficit (5,372) (5,140) 37,222 37,260 Less: Treasury shares, at cost, 17,637 common shares at March 31, 2009 and December 31, 2008 (281) (281) Total stockholders' equity 36,941 36,979 Total liabilities and stockholders' equity $38,860 $39,721

Tii Network Technologies, Inc.

CONTACT: TII Network Technologies, Inc., +1-631-789-5000

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

IGT to Showcase Revenue-Driving Games, Machines and Systems at the Southern Gaming Summit, May 6-7

RENO, Nev., May 4 /PRNewswire-FirstCall/ -- IGT will showcase its industry-shaping games, systems and machines at the 2009 Southern Gaming Summit, May 6-7 at the Mississippi Coast Coliseum & Convention Center in Biloxi. Innovative technologies fuel IGT's ground-breaking game and systems concepts, and it all comes together in Booth #418.

"Our new games, machines and systems are evidence of new thinking," IGT Senior Vice President of North America Sales Ron Rivera said. "The industry is clearly evolving, and IGT is leading the way. At the Southern Gaming Summit, our booth will be filled with the most interesting, untraditional and never-before-seen concepts in the industry today - innovations that are truly driving change in the gaming world and that are must-haves on any casino floor."

IGT's REELdepth(TM) slots have impressed operators and players nationwide. REELdepth(TM) slots use Multi-Layer Display(R) technology, an ingenious layering of two or more Liquid Crystal Displays (LCDs) that creates the visual effect of true depth without the use of 3-D glasses. The MLD(R) technology allows the player to view and play dozens of their favorite games by switching from a 3-reel to 4-reel to 5-reel to video reel to poker within seconds - all on the same AVP(R) machine. Featured REELdepth(TM) Multi Game themes include Pirates Bay(TM) Slots, Magic Butterfly(TM) Slots, Glitter & Gold(TM) Slots, Pink Diamonds(TM) Slots, Big Times Payroll(TM) Slots, Lucky Lines(TM) Slots and Three Kings(TM) Slots. The MegaJackpots(R) product line will also showcase REELdepth(TM) games including the new Indiana Jones(TM): Sankara Stones REELdepth(TM) theme, The Joker's Wild(R) Multi-Level Progressives theme featuring MLD(R) technology, and the new Wheel of Fortune(R) Advanced Slot, which also uses the 3-D technology.

Already a success in the market, IGT's new MultiPLAY Video Slot lets players play one theme up to four times, simultaneously, on the same machine. The MultiPLAY Video Slot family showing will include well-known games Cleopatra(R), Wolf Run(R) and Lil' Lady(R), and new themes Hawaiian Sunset(TM) and Golden Eagle(TM).

Other new MegaJackpot(R) themes will be featured including Jeopardy!(R) Multi-Level Progressives; I Dream of Jeannie(TM) Magic Carpet Ride; Elvis(R) Multi-Level Progressives; and Scavenger Hunt(TM). New Barcrest USA(TM) themes will include Greed is Good(TM), Top Dollar(R) and Dazzling Dollars(TM).

IGT's Standard product line will showcase its new MultiWay Xtra(R) themes End of the Rainbow(TM), Fire Horse(TM), Unicorn Magic(TM), Pamplona(TM), Twin Warriors(TM) and Matterhorn(TM). Featured Bettor Chance(TM) themes will include Red Mansions(TM), Crown of Egypt(TM), Southern Belle(TM), Wildwood(TM), Lucky Llamas(TM), Fish in a Barrel(TM) and High on the Hog(TM). New Video Progressives themes will include Three Kings(TM), Jolly Roger(TM) and Clovers & Gold(TM). Also featured will be new 3-Level Games including Sirens(TM) and Cave King(TM), and new Super Hyper Pays(TM) themes Crickets and Silver Hawk(TM). New bank families Fire Bells(TM), Ultimate 7s(TM) and Greenback Attack(TM) Slots add to the hefty lineup of IGT's Standard products.

Also in the spotlight will be the new suite of IGT machine models fueled by the power of the AVP(R) platform, featuring the award-winning Service Window and sb NexGen(R). The new models converge with a new library of game themes and sbX(TM), the Experience Management solution from IGT. sbX(TM) allows a casino to design and manage customized player experiences for a distinct competitive advantage. The sbX(TM) Tier One package combines the first G2S server-based game management solution with the industry's largest G2S game theme library in an all-inclusive package. It will allow operators to experience sbX(TM) Floor Manager in a bank-by-bank or partial-floor solution. sbX(TM) Media Manager will also be highlighted, along with the innovative Beverage on Demand function.

IGT Network Systems will also show IGT Advantage(R), still unmatched in the market, with critical casino management enhancements, and the IGT Mariposa(TM) business intelligence suite that allows operators to transform data into actionable information. The Systems Services and Professional Services groups will demonstrate how they leverage IGT's technology and operator investments, and are the most experienced support teams in the industry today.

IGT's table solutions area will feature the M-P Series(TM) automated version of Roulette Evolution(TM) and the Triple Towers(TM) horse race game. In addition, the new DigiDeal(R) electronic table game Digital 21(R) will be shown. Also in the spotlight is Table iD(R), which combines table management software, RFID chip tracking and game analysis in one solution, along with the original Lucky Draw bonus.

IGT will also show its hottest new themes in video poker including Ultimate X Poker(TM), Good Times Pay Poker(TM) and Multi-Strike Poker Deluxe(TM).

International Game Technology (http://www.igt.com/) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.

IGT

CONTACT: Ed Rogich of IGT, +1-702-669-8777, Ed.Rogich@IGT.com

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

New Salisbury, Indiana, Residents to Benefit From Verizon Wireless Network EnhancementsNew Cell Site Means Clearer Reception, Fewer Dropped Calls

NEW SALISBURY, Ind., May 4 /PRNewswire/ -- Verizon Wireless has activated a new cell site in New Salisbury, which enables more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; access the Internet; view high-quality videos; and download music, games and ringtones, while enjoying clearer reception and fewer dropped calls.

The new cell site, which is equipped with a permanent backup generator for times of emergency, improves voice and data coverage in New Salisbury and along the following major roads:

-- State Road 135 between Interstate 64 and U.S. Route 150 -- State Road 64 between Depauw and the Harrison/Floyd county line

"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said Greg Haller, president-Kentucky/Indiana/Michigan Region, Verizon Wireless. "Getting through on the first try and maintaining a connection are important to them. We will continue to perfect our network so that our customers in Indiana know they can depend on us every time they pick up their wireless devices."

This network improvement is part of Verizon Wireless' continual effort to expand coverage, improve capacity and enhance the quality of its wireless voice and data network in southern Indiana and Kentucky and throughout the country. Verizon Wireless has invested more than $50 billion since it was formed - $5.5 billion on average every year - to increase the coverage and capacity of its premier nationwide network and to add new services. In 2008, the company invested more than $47 million in its southern Indiana and Kentucky network.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 86.6 million customers. Headquartered in Basking Ridge, N.J., with more than 86,000 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.

Verizon Wireless

CONTACT: Michelle Gilbert of Verizon Wireless, +1-248-915-3680,
michelle.gilbert@verizonwireless.com; or Ashley Schaffner, For Verizon
Wireless, +1-502-625-1636, Ashley@guthriemayes.com

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

Elephant Talk Announces Investment Banking Agreement with Dawson James Securities

SCHIPHOL, Netherlands, May 4 /PRNewswire-FirstCall/ -- Elephant Talk Communications, Inc. (BULLETIN BOARD: ETAK) , an international telecom and multimedia content distributor specializing in carrier grade mobile enabling platforms, today announced that it entered into an agreement with Dawson James Securities to provide investment banking services to the company.

Based in Boca Raton, Florida, Dawson James Securities is a full-service investment banking firm with a successful track record on behalf of a variety of small cap technology leaders. In addition to fundraising assistance as needed, the assignment calls for Dawson James to build strategic relationships and partnerships with corporate and other strategic investors seeking to leverage the anti-fraud solution services Elephant Talk expects to offer subsequent to its acquisition of ValidSoft and its current quality telecom service platform.

"Dawson James views Elephant Talk as a proven and unique next generation Telecom Company that will use its fast growing mobile service provider platform to address the growing global fraud market," said David Weinstein, Managing Partner, Investment Banking, Dawson James Securities. "The universal demand for secure financial transactions and location based services are absolute necessities in today's mobile and wireless market. Elephant Talk's addition of electronic fraud prevention solutions, which will be offered via their pending acquisition of ValidSoft, will be enhanced by the Company's self-funded telecom infrastructure which provides superior offerings to its telecom customers including T-Mobile, Vizzavi Espana, a Vodafone Group Company, and various other telecom companies."

Steven van der Velden, Elephant Talk's Chief Executive Officer, stated, "Dawson James is a respected and well-connected investment banking partner that we expect will bring a high level of knowledge and strategic advisement to our company. I look forward to working closely with the Dawson James team in an attempt to locate synergistic relationships and maintain Elephant Talk's strategy of continued growth and improved shareholder value."

About Dawson James

Dawson James Securities is a full service investment firm with deep expertise in healthcare, biotechnology and technology with a staff of over 50 investment professionals ensures their clients stay ahead of the constant changes in the capital markets. From widely-respected institutional research, investment banking and high net worth client services to personalized attention for individual accounts, Dawson James provides quality service for its clients.

About Elephant Talk Communications

Elephant Talk Communications is positioning itself as an international telecom operator and enabler to the multimedia industry by facilitating the distribution of all forms of content as well as mobile and fixed telecom services to global telecommunications consumers. The Company provides traditional telecom services, media streaming, and distribution services primarily to the business-to-business (B2B) community within the telecommunications market where it has a presence. The Company's global footprint as a fully licensed carrier, supported by its propriety IN (Intelligent Network) and Billing/CRM (Client Relationship Management) Systems, has been designed to offer cutting-edge solutions to the increasingly competitive global multimedia industry. Elephant Talk's telecommunications platform eliminates the usual limitations caused by national borders, networks, devices or media and, therefore, enables its B2B customers to operate as independent telecom and multimedia distribution organizations. Elephant Talk is also a developer for mobile telecom and content distribution solutions; and, as a Mobile Virtual Network Enabler (MVNE), the company has positioned itself as the premier outsourcing partner for both Mobile Network Operators (MNO's) as well as for Mobile Virtual Network Operators (MVNO's). At the same time, Elephant Talk assists its MNO partners to more efficiently provide a broad range of sophisticated services to their own existing base of MVNO's. Elephant Talk is positioning itself as the preferred MVNE partner of the larger, global Mobile Operators and currently operates sophisticated networks in over a dozen markets in Europe, Asia Pacific, and the Middle East. The Company was ranked fifth on the Orange County 2008 Deloitte Technology Fast 50. For more information, visit: http://www.elephanttalk.com/.

Forward-Looking Statements

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

Contact Elephant Talk Communications, Inc Mr. Steven van der Velden Tel: + 31 20 653 59 16 E-mail: info@elephanttalk.com http://www.elephanttalk.com/ or Alliance Advisors, LLC Mr. Thomas Walsh Tel: (212) 398-3487 twalsh@allianceadvisors.net

Elephant Talk Communications, Inc.

CONTACT: Mr. Steven van der Velden of Elephant Talk Communications, Inc,
+31-20-653-59-16, info@elephanttalk.com; or Mr. Thomas Walsh of Alliance
Advisors, LLC, +1-212-398-3487, twalsh@allianceadvisors.net

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

Turn Your Passion Into A Paycheck With LivePersonFree Four Hour Online Career Webinar Featuring Leading Career Coaches, Finance Experts, Entrepreneurs and Social Networking Gurus May 14

NEW YORK, May 4 /PRNewswire-FirstCall/ -- With the U.S. unemployment rate at its highest in over 20 years, few things are more challenging than job hunting. LivePerson.com (http://www.liveperson.com/), a community of experts providing advice in real-time, will host a free, live, four-hour online workshop to help people reinvent their careers, turn their passion into opportunity, and find employment on May 14, 2009 at 7:00 p.m. ET.

Featuring career and life coaches, entrepreneurs and a finance expert, the event will address the following topics:

-- Launching Powerfully and Succeeding as a Small Business Owner led by LivePerson CEO Robert LoCascio, who founded his industry leading and publicly traded company during the last recession, financial expert Thomas Crawford, and private equity expert Max Lyon -- Perfecting a Standout Resume with LivePerson career and recruitment experts Jamie Parker, Elena Kaspi, and Vicki Salemi, who will also discuss which industries are currently hiring -- Marketing Yourself on Social Networking Platforms, featuring tips from LivePerson experts Jessica Smith and Myke Mansberger on how to land jobs using tools like LinkedIn, Twitter, and Facebook -- Reinvention: Turning Your Passion Into a Paycheck with career and life coaches Michael Hodosh, Rebecca Rodskog, and Jennifer Tuma-Young

"People are concerned about their careers right now and are hungry for advice that will maximize their best options for success," said LivePerson CEO Robert LoCascio. "We are hosting this event because we at LivePerson have the tools that can provide assistance through real-time connections between consumers and experts. We want to help people with their pressing career questions and let them know that there is help available at LivePerson whenever they need it."

In addition to business and finance, LivePerson has experts in more than 600 different categories including health, online tutoring, spirituality, computer programming and counseling, and is the premier online destination for real-time, expert advice.

To participate in the event, log on to http://www.liveperson.com/ on May 14, 2009 from 7:00 p.m. - 11:00 p.m. ET.

ABOUT THE EXPERTS Robert LoCascio

LivePerson CEO and Founder Robert LoCascio has built the company into a leading provider of real-time, online communications platforms, servicing more than 7000 businesses, including hundreds of Fortune 500 companies. An entrepreneur with a history of building and taking companies public, Robert was named a finalist for the Metro New York Ernst & Young Entrepreneur of the Year 2008 Award.

Max Lyon

Max Lyon is a successful serial entrepreneur and executive with 25 years experience in the Biotechnology and Medical Device industries. He has helped to raise more than $100+ million in equity capital and has extensive experience in business management and finance. Max attended Cornell University (B.A.) and City University (M.B.A.) and was a winner in the Ernst & Young Northwest Medical Technology Entrepreneur of the Year Award competition in 2005.

Thomas Crawford

Thomas Crawford founded his firm Thomas Crawford CPA, PC and USA TAX in 1988. A licensed Certified Public Accountant and a Certified Financial Planner(R), Thomas holds a B.S. degree in accounting from St. John Fisher College in Rochester, New York and is the author of the book Best Dog-Gone Tax Advice - Tips to Save Taxes and Worry Less about the IRS, Guaranteed!

Jamie Parker

Jamie Parker is a writing specialist who helps with writing, editing and proofreading on LivePerson. Jamie works with her clients on various projects, including resume writing, writing professional speeches, and editing Web copy. She is also a PR specialist at Shriners Hospitals for Children.

Elena Kaspi

Founder of LawScope Coaching, Elena Kaspi is a former corporate lawyer who jumped off the partner fast track to become a life coach. Today, Elena is called upon by major law firms to coach attorneys on ways to achieve work/life balance while building their career. She also consults with men and women on how they can transition in and out of the workforce and pinpoint the profession that suits them best.

Vicki Salemi

An executive recruiter with more than 13 years of experience, Vicki is an expert in recruiting, outplacement services, international HR, training, and employee relations, and regularly teaches people how to impress interviewers and land the job. Vicki is a career writer, health writer, and entertainment reporter for Yahoo, AOL, SheKnows, and various outlets. She is the author of The ABC's of College Life.

Jessica Smith

Jessica Smith is the Chief Mom Advisor and the woman behind MomForce.com, Chief Mom Officer for Wishpot.com, and specializes in creating buzz and community through new media. Her Jessica Knows blog has an avid following, and she was recently tapped as one of the "50 Most Influential and Powerful Women in Social Media" by Immediate Influence.

Myke Mansberger

Myke Mansberger is the wizard behind the LivePerson social media marketing curtain. As the LivePerson Community Manager, he is responsible for building and maintaining the company's online personality through the use of social networking and media sites. Between tweeting on Twitter, Facebook status updates and launching YouTube video contests, he manages to generate consistent buzz to promote the experts and the LivePerson brand.

Michael Hodosh

Michael Hodosh is a personal life coach and therapist with over 15 years of experience as a counselor and psychologist.

Rebecca Rodskog

With more than 15 years of experience in the field of organizational development and change management, Rebecca Rodskog has spearheaded both large-scale, multi-million dollar projects and independent one-on-one consultations. A former executive at Accenture, Rebecca has worked with a diverse mixture of Fortune 500 companies and startups, including Dow Chemical, Chevron, PMI Mortgage Group, Country Companies Insurance, Gateway Computers, and AstraZeneca Pharmaceuticals.

Jennifer Tuma-Young

Jennifer Tuma-Young wears many hats: entrepreneur, motivational speaker, writer, licensed coach, wife, mother, and down-to-earth 'inspirer.' She began her goal of helping women succeed first by opening a women's wellness center, and is now also the author of Little Miss Negative and the founder of Inspirista(TM). Jennifer has appeared on Better TV, Rachael Ray, ABC, and more, and her articles are featured in outlets such as Martha Stewart Living, Yahoo Shine, and iVillage.

About LivePerson:

Founded in 1995, LivePerson is headquartered in New York City and is a leading provider of online communication platforms that facilitate real-time engagement and live expert advice. Intelligently connecting businesses and individual experts with consumers seeking help on the Web, LivePerson's platform creates more relevant, compelling and personalized online experiences. Every month, millions of people across the world turn to LivePerson to get the information and advice they need to succeed online. More than 7,000 companies, including EarthLink, Hewlett-Packard, Microsoft, Qwest, and Verizon, and 30,000 individual experts rely on LivePerson to maximize the impact of the online channel.

LivePerson's online expert marketplace (http://www.liveperson.com/) connects people seeking personalized, one-on-one information and advice with knowledgeable experts in real time. People from around the world can chat live with registered experts who sell their knowledge and advice in more than 600 categories including business, finance, personal coaching & counseling, education, health, and technology. For more information please visit http://www.liveperson.com/.

LivePerson

CONTACT: Marissa Hermo, +1-212-886-6711, mhermo@kruppnyc.com

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

Organic's San Francisco Office Recognized as One of the 'Best Places to Work'Organic Ranked as Top Interactive Agency in San Francisco Business Times List

SAN FRANCISCO, May 4 /PRNewswire/ -- What Organic, Inc.'s San Francisco office has been ranked as the leading interactive agency with 101-500 employees by The San Francisco Business Times annual list of the "Best Places to Work in the Bay Area."

Who San Francisco's Organic employees ranked their satisfaction with team effectiveness, manager effectiveness, trust in senior leaders, feeling valued and work engagement, among other categories.

When The San Francisco Business Times list of "The Best Places to Work in the Bay Area" comes out in the May 1 issue.

About Organic, Inc.

Organic is a leading digital communications agency that uses a consumer-empathy-based approach, combined with a holistic view of the digital landscape, to design and build exceptional interactive experiences that effectively engage and persuade customers. Founded in 1993, Organic has offices in New York, San Francisco, Los Angeles, Detroit, and Toronto. Adweek ranked Organic as the number one interactive agency in their 2007 interactive agency report card. Organic is a part of Omnicom Group Inc. To learn more about Organic and the Organic(R) services, please visit http://www.organic.com/ or read our blog at http://threeminds.organic.com/.

Omnicom is a leading global advertising, marketing and corporate communications company (http://www.omnicomgroup.com/). Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.

Organic, Inc.

CONTACT: Jen Reidy of Reidy Communications, +1-415-891-8300,
jen@reidycommunications.com, for Organic, Inc.

Web Site: http://www.organic.com/
http://threeminds.organic.com/
http://www.omnicomgroup.com/

Majority Says the Struggles of the American Car Manufacturer Won't Impact Next PurchaseCars.com Survey Reveals Consumer Perceptions on Auto Industry

CHICAGO, May 4 /PRNewswire/ -- According to a recent Cars.com survey, 59 percent of consumers said that the current economy and struggles of the American car manufacturers will have no impact on whether or not their next car purchase will be an American car.

The survey, which was intended to gauge how the economy and various government and manufacturer incentives have impacted car shoppers, also showed that only 1 in 5 consumers said the threat of bankruptcy would likely preclude them from considering an American car with their next purchase.

"I think it's clear that most Americans believe that the American car manufacturers are going to survive in some capacity and many are just taking a wait and see approach like many other facets of this economy," said Cars.com Editor in Chief Patrick Olsen. "The survey also showed that the older you are the more likely you believe in the survival of these companies."

More than 40 percent of consumers between the ages of 45-64 said they were confident that the American manufacturers would succeed vs. 12 percent of consumers between the ages of 18-24.

When it comes to the various government and manufacturer incentives designed to bolster consumer confidence in the auto industry, 38 percent said that the government's announcement that it will allow consumers to deduct the state sales tax on new car purchases would provide the biggest incentive to purchase a new car; 28 percent said the various manufacturer assurance programs that provide support if the purchaser of a new vehicle losses their job would have the greatest impact; and 13 percent said that government backed manufacturer warranties was the most valuable incentive.

The survey was conducted for Cars.com by Impulse Research. The survey was conducted online with a random sample of 1028 men and women, 18 years of age and older. The sample has been carefully selected to closely match US population demographics and the respondents are representative of American men and women 18 + who own automobiles. Research was conducted in April 2009. The overall sampling error rate for this survey is +/-3 percent at the 95 percent level of confidence

About Cars.com

Cars.com is the leading destination for online car shoppers, offering credible, easy-to-understand information from consumers and experts to help buyers formulate opinions on what to buy, where to buy and how much to pay for a car. With comprehensive pricing information, side-by-side comparison tools, photo galleries, videos, unbiased editorial content and a large selection of new- and used-car inventory, Cars.com puts millions of car buyers in control of their shopping process with the information they need to make confident buying decisions.

Launched in June 1998, Cars.com is a division of Classified Ventures, LLC, which is owned by leading media companies, including Belo , Gannett Co., Inc. , The McClatchy Company , Tribune Company and The Washington Post Company .

Cars.com

CONTACT: Jackie Brennan, Associate Public Relations Manager,
+1-312-601-6229, mobile, +1-219-577-6106, jbrennan@cars.com, or Steve Nolan,
Public Relations Manager, +1-312-601-5163, mobile, +1-630-310-2468,
snolan@cars.com, both of Cars.com

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

Supermicro Lance les solutions pour serveurs Atom 4W et 8W

SAN JOSE, Californie, May 4 /PRNewswire/ --

- Economie énergétique extrême & Solutions Server Building Block silencieuses pour IPC intégré avec trois slots d'extension

Super Micro Computer, Inc. (NASDAQ: SMCI), un leader en applications optimisées et solutions serveurs de haute performance, a annoncé aujourd'hui le lancement des solutions Server Building Block de 4 et 8 watt basées sur le processeur Atom d'Intel. Ces solutions extrêmement basses en énergie et silencieuses de surcroît délivrent les meilleures extension et capacités de stockage qu'on puisse trouver sur une plateforme basée sur un processeur Atom. Elles sont en outre destinées aux applications de PC (IPC) industriels intégrés.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090504/AQ10039 )

Ces solutions silencieuses et économes en énergie sont idéales pour le stockage et les applications réseaux ou pour les serveurs email et d'imprimerie. Par ailleurs, les chassis mini-tour de Supermicro au design convivial en font une station graphique très économique qui s'adapte aussi bien à l'environnement du bureau qu'à celui de la maison pour des opérations basiques incluant l'usage d'internet, les programmes éducatifs ou de bureau.

<< Apporter les avantages de la basse consommation énergétique des processeurs Atom au marché de l'application serveur dote nos clients de solutions silencieuses et économiques qui fournissent une flexibilité d'extension et des capacités de stockage jusqu'alors inatteignables avec des solutions Atom >>, nous dit Charles Liang, président et CEO de Supermicro.

Optimisée pour le processeur single-core Atom 230, qui consomme seulement 4 watt d'énergie, l'économique plateforme X7SLA-L de Supermicro supporte jusqu'à 4 ports SATA avec RAID 0, 1, 5 et 10 accompagnés de 7 têtes USB 2.0, 2 GB de mémoire DDR2, des graphismes GMA 950 d'Intel et d'un port Gigabit Ethernet. Pour plus d'application de performance intensive, la plateforme haut-de-gamme X7SLA-H integer le processeur dual-core Atom 330 qui , quant à lui, consomme 8 watt d'énergie et présente par ailleur les même caractéristiques que la plateforme X7SLA-L concernant ses ports Ethernet Gigabit, avec en addition un connecteur USB 2.0 de type A et un port interne de série supplémentaire.

Avec un poids de seulement 5 kilos pour une profondeur de 9.8 inches, Les Superserveurs miniatures 5015A de Supermicro, se caractérisent par leur système d'alimentation silencieux et de haute efficacité, deux disques durs internes ainsi que par leur option de carte d'extension pleine-hauteur, mi-longueur. L'agencement des châssis SC502-200B de Supermicro permet des opérations silencieuses et minimise la consommation du système d'alimentation.

Pour de meilleures propriétés d'extension et de stockage, Supermicro propose le Superserveur 5035A qui offre 4 emplacements pour disques durs hot-swap et la possibilité d'ajouter trois cartes. Ce serveur dispose d'un système d'alimentation hautement efficace de 300-watt qui a d'ailleurs obtenu la certification 80-Plus au niveau Bronze pour avoir atteint 85 % d'efficacité énergétique. Les châssis minitatures (SC731i-300B) du système incluent également a toolless side panel, toolless drive bays, une cage de disque dur pivotant à 90 degrés ainsi qu'un support de carte-mère tamponné. Ce petit serveur propose également deux baies externes 5.25'' et un verrou Kensington pour sauvegarder le système.

Supermicro Server Building Block Solutions(R) offer exceptional flexibility and outstanding features. For more information on Supermicro's comprehensive line of server solutions please visit www.supermicro.com.

About Super Micro Computer, Inc. (NASDAQ: SMCI)

Supermicro emphasizes superior product design and uncompromising quality control to produce industry-leading serverboards, chassis and server systems. These Server Building Block Solutions provide benefits across many environments, including data center deployment, high-performance computing, high-end workstations, storage networks and standalone server installations. For more information on Supermicro's complete line of advanced motherboards, SuperServers, and optimized chassis, visit www.Supermicro.com, email Marketing@Supermicro.com or call the San Jose, CA headquarters at +1-408-503-8000.

SMCI-F

Supermicro and Server Building Block Solutions are registered trademarks of Super Micro Computer, Inc. Other names and brands may be claimed as the property of others.

Super Micro Computer, Inc.

Michael Kalodrich of Super Micro Computer, Inc., MichaelK@supermicro.com ; Photo: http://www.newscom.com/cgi-bin/prnh/20090504/AQ10039

IBM Approach to Working Smarter Builds on Leadership in Business Process Transformation and Collaboration

LAS VEGAS, May 4 /PRNewswire/ --

- New technologies in SOA and Collaboration address growing US$61 billion market

At the IMPACT 2009 conference, IBM (NYSE: IBM) today announced new products and services designed to help clients and partners build deeper relationships with their customers, increase productivity and work in a more intelligent way.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )

IBM's comprehensive smarter work approach takes advantage of today's increasingly instrumented and interconnected world. By improving collaboration between people and transforming business processes that are critical to success, organizations can become more agile and responsive to rapidly changing market conditions and better able to pursue new revenue opportunities.

Inefficient business processes and barriers to collaboration can hamper business success, especially in a challenging economic environment. According to IBM, businesses waste 5.3 hours per employee due to inefficient processes. Two-thirds of employees believe there are colleagues who can help them do their jobs better, but don't know how to find them. In addition, 42 percent of people are forced to make decisions with the wrong information at least once per week, while 91 percent of CEOs surveyed by IBM said they needed to restructure the way their organizations work.

"Working smarter means becoming more productive and cost-efficient by taking advantage of the tools and information that can yield the greatest benefits in a competitive environment. Through the Lotus and WebSphere software portfolios, IBM is committed to bringing new collaboration and business process management capabilities to the market to better enable customers to work smarter," said Tom Rosamilia, general manager, IBM WebSphere. "With today's announcements, IBM is providing the tools and strategies to help our clients and partners quickly reap the benefits of increased agility."

Since the introduction of IBM WebSphere Business Events software one year ago, IBM has focused on ways to help clients improve their processes. The acquisition of ILOG in December 2008 further enhanced IBM's industry-leading portfolio, extending these capabilities with new business rules management systems.

As part of today's announcement, IBM is expanding on the technologies gained through the ILOG acquisition, while also updating its existing business process management (BPM) suite of products. New products targeted at this rapidly expanding BPM market include:

-- IBM WebSphere Business Events updates - Provides reduced costs by uncovering actionable situations in real time. It helps to deliver the extended enterprise infrastructure through integration with CICS and now support for z/OS. -- Business Architecture Services - Aligns business and IT goals through a structured delivery process that is designed to connect an enterprise's business model with its technology models. -- New BPM feature packs with enhanced capabilities for business leaders, business professionals, and IT administrators, providing new ways to link strategy to execution and greater task management for faster business returns. -- Enhancements to products from the ILOG acquisition include an upgrade to IBM WebSphere ILOG JRules; new features for IBM ILOG Optimization Decision Management Enterprise; and enhancements to the ILOG supply chain management portfolio. -- New Key Agility Indicators (KAIs) - All 300 KAIs have been updated on the IBM Benchmark Wizard, reflecting the latest industry and economic data.

In order to be effective, business processes have to connect to a wide range of systems and people in a variety of ways, efficiently orchestrating process activities as they flow between these entities. The IBM WebSphere middleware and IBM Lotus collaboration software support the orchestration of these complex business activities by helping to ensure process performance and integrity. Today IBM is enhancing those technologies from its WebSphere, Lotus and other IBM business groups, including:

-- IBM WebSphere eXtreme Scale - Enhanced with REST accessibility, and improved reporting, monitoring and ease of use. -- IBM WebSphere MQ Low Latency Messaging - Featuring enhanced high availability features, and expanded platform support. -- IBM Rational toolkit for reuse and service enablement - To cut costs, increase agility and reduce risk by leveraging existing enterprise assets in new SOA solutions; and updated IBM Enterprise Modernization Sandboxes for evaluating SOA reuse for the System z and IBM i platforms. -- CICS platform - Additional capabilities for events processing and Web 2.0; Rational developer support for CICS Transaction Server v4; and a new community, CICS Hub on the Rational Cafe for COBOL. -- New SOA Infrastructure Healthchecks from IBM Global Technology Services that will help clients identify new opportunities to optimize SOA investments and reduce costs. -- New Lotus offerings on the Blackberry - Helping to make real-time communications the norm with enhancements for IBM Lotus Connections, IBM Lotus Sametime and IBM LotusLive Meetings.

As part of today's announcement, IBM will also add two new industry solutions and frameworks to its industry leading portfolio. Industry frameworks provide a software platform to accelerate deployment of business solutions. They extend IBM's SOA middleware with industry-specific capabilities and specially designed process templates. IBM industry solutions build on the value provided by these industry frameworks with the addition of IBM and IBM Business Partner professional services helping to deliver a unique, end-to-end solution for each client.

These Frameworks contribute another essential element of a smarter work environment by providing a level of collaboration that will allow people to easily work together with greater speed and in cost-effective ways, helping them discover, apply and preserve expertise. For example, utilizing IBM's Healthcare Integration Framework, clients are able to speed their clinical decision-making by comparing vast amounts of patient and treatment data for specific diseases and then providing medical professionals and researchers with actionable results to their queries within a matter of seconds.

IBM is also announcing enhancements to Lotus Live and its Click to Cloud capabilities. This cloud-delivered, software as a service (SaaS) offering provides unique features including Web conferencing, file storing and sharing, contact management, live chat, and business forms integrated with a business network. These enhancements build on other Cloud-enabled offerings, including:

-- IBM WebSphere Cloudburst - This "plug and play" appliance manages the full lifecycle of WebSphere Application Server (WAS) virtual images and customer environments, enabling creation of content, scheduling, health management, capacity and usage management, and storage. -- New Implementation Services for cloud computing from IBM Global Technology Services will support Cloudburst to help clients deploy WAS virtual provisioning for private test clouds. -- Rational Build Forge with Rational Automation Framework for WebSphere (including CloudBurst). It provides more than 300 field-proven automated tasks for configuration and application deployment to WAS, and removes manual/complex tasks when managing WebSphere environments and solutions deployed to them. -- BPM BlueWorks, a cloud-based set of strategy and business process tools. BPM BlueWorks provides business users with the collateral they need to implement business strategies within their organizations based on industry-proven business process management techniques.

Today's announcement reinforces IBM's commitment and investment in SOA. With more than 8,000 customers and 7,400 Business Partners, IBM continues to build on its SOA market leadership. In fact, industry analyst Wintergreen recently announced that IBM holds 70 percent of the worldwide SOA market, a six percent increase over last year.

This year's conference features more than 300 client testimonials including Bank of America, Con Edison, Shell, Allstate Insurance and Lockheed Martin, making IMPACT 2009 the largest worldwide conference created to meet the growing demand for an educational forum around SOA.

For more information on all of the new products and services announced today or for details on how IBM is helping clients and Business Partners to make smarter, faster decisions by using SOA, visit: http://www.ibm.com/press/impact2009

IBM, WebSphere, SmartSOA and the IBM e-business logo are trademarks or registered trademarks of International Business Machines Corporation. For a list of additional IBM trademarks, please see www.ibm.com/legal/copytrade.shtml

All other company, product or service names may be trademarks or registered trademarks of others. Statements concerning IBM's future development plans and schedules are made for planning purposes only, and are subject to change or withdrawal without notice. Reseller prices may vary.

Contact: Chris Rubsamen IBM Media Relations +1-914-766-1803 rubsamen@us.ibm.com

IBM Corporation

Chris Rubsamen, IBM Media Relations, +1-914-766-1803, rubsamen@us.ibm.com. Photo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO

Successful Liberalization Transforms Uganda's Mobile Market, Pyramid Research Finds

CAMBRIDGE, Massachusetts, May 4 /PRNewswire/ --

Mobile penetration in Uganda is expected to increase from 39.0 percent in 2009 to 70.7 percent by 2014, prompted by the successful liberalization of the sector and increased competition, according to a new report from Pyramid Research (www.pyr.com), the telecom research arm of the Light Reading Communications Network (www.lightreading.com).

Communications Markets in Uganda offers a precise, incisive profile of the country's converged telecommunications, media, and technology sectors based on proprietary data from our research in the Ugandan market. The 26-page report provides detailed competitive analysis of both the fixed and mobile sectors, tracks the market shares of technologies and services, and monitors the introduction and spread of new technologies such as WiMax, IPTV, and VoIP. This executive study provides a comprehensive view of the Ugandan communications market by analyzing key trends, evaluating near-term opportunities, and assessing upcoming risks factors. Download an excerpt of this new report here: http://www.pyramidresearch.com/downloads.htm?id=18&sc=PR050409_CIRUG

Although Uganda is one of the smallest markets in the region, it is also one of the fastest growing markets in Africa and the Middle East, notes Sylwia Boguszewska, analyst at Pyramid Research and author of the report. In the next five years, Pyramid anticipates Uganda will experience the second highest percentage increase in terms of mobile subscriptions among the African countries (after Cameroon). "Mobile penetration rose from just 1.9 percent at year-end 2002 to an estimated 39.0 percent in 2009," she says. "Pyramid expects it will increase further to reach 70.7 percent penetration by 2014, while the number of mobile subscriptions will exceed 27 million," she adds.

The Ugandan telecom sector has gone through a major transformation, notes Boguszewska. "As a result of a successful liberalization process, Uganda now boasts five mobile operators, three of which are well-established: MTN Uganda, Uganda Telecom, and Zain Uganda," she explains. "They were joined by Warid Telecom, which entered the market in February 2008, and Orange Uganda, which launched in March 2009," she adds. Anupam is due to enter soon, increasing the number of mobile operators to six.

Increased competition is driving down prices, with new entrant Warid being particularly aggressive to attract subscribers, and MTN's Zone pricing scheme has also shown high adoption. "Last year, the three mobile operators -- MTN Uganda, UTL, and Zain -- commanded 85 percent of mobile market subscribers, while Warid Telecom, despite its late entry in 2008, managed to gain a significant 15 percent market share," Boguszewska says.

Communications Markets in Uganda is part of Pyramid Research's Africa and the Middle East Country Intelligence Report Series. Pyramid Research's premium Country Intelligence Reports are the industry's best available analysis on market trends, regulatory environments, and competitive dynamics for 60 countries worldwide.

Download an excerpt of this new report here: http://www.pyramidresearch.com/downloads.htm?id=18&sc=PR050409_CIRUG

Communications Markets in Uganda is priced at US$990 and can be purchased online here: http://www.pyramidresearch.com/store/CIRUGANDA.htm?sc=PR050409_CIRUG or through Dave Williams via email at dave.williams@pyr.com or telephone at +1-858-485-8870.

For more information about Pyramid Research's products and services, please visit www.pyr.com or contact us at info@pyr.com.

About Pyramid Research

Pyramid Research (www.pyr.com) offers practical solutions to the complex demands our clients face in the telecommunications, media, and technology industries. Our analysis is uniquely positioned at the intersection of emerging markets, emerging technologies, and emerging business models, powered by the bottom-up methodology of our market forecasts for over 100 countries -- a distinction that has remained unmatched for more than 25 years. As the telecom research arm of the Light Reading Communications Network, Pyramid Research works with Heavy Reading, providing the communications industry's most comprehensive market data, trusted research and insightful technology analysis.

About Light Reading

Founded in 2000, Light Reading (www.lightreading.com) is the leading online media, research, and focused event company serving the US$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 nearly 20 targeted communications events including TelcoTV, Ethernet Expo New York and Ethernet Expo London, The Tower Summit @ 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://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, and Wall Street & Technology magazines. TechWeb also provides end-to-end services including 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 US$2.5 billion.

*13.3 million business decision-makers: based on number of monthly connections

About United Business Media Limited

UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.unitedbusinessmedia.com.

Press contact: Jennifer Baker +1-617-871-1910 jbaker@pyr.com

Pyramid Research

Jennifer Baker, Pyramid Research, +1-617-871-1910, jbaker@pyr.com

McGraw-Hill Education Launches Online Professional DevelopmentNew web-based portal provides easy, one-stop access to programs

NEW YORK, May 4 /PRNewswire/ -- In response to teachers' desire for steamlined, web-based professional development options, McGraw-Hill Education announces the launch of its new professional development portal, McGraw-Hill Professional Development Online

(http://www.mhpdonline.com/).

Designed to provide a single point of entry for teachers to access professional development tools related to the Macmillan/McGraw-Hill and Glencoe programs, McGraw-Hill Professional Development Online will allow educators to gain a better understanding of how to get the optimal use out of the programs.

"Teachers have told us that they want online professional development options in an easy-to-access, streamlined format," said Steve McClung, president of McGraw-Hill School Solutions Group, which includes Macmillan/McGraw-Hill and Glencoe. "This portal will allow them to optimize the programs they are using while learning key skills they can use across subjects."

The portal offers an intuitive navigation that allows users to pinpoint the program, skill or topic area quickly. Teachers will particularly appreciate the video clips that show implementation strategies and real classroom usage.

Developed as another professional development option to in-person programs, the portal provides a variety of tools to assist teachers including eInservice programs, eClip Video Libraries, eVideo Workshops, eTech Training modules, Professional Development eWebinars and more.

For more information, visit http://www.mhpdonline.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 65 languages. Additional information is available at http://www.mheducation.com/.

Contact: Tom Stanton Caroline Golon McGraw-Hill Education Paul Werth Associates (212) 904-3214 (614) 678-9565 tom_stanton@mcgraw-hill.com cgolon@paulwerth.com

McGraw-Hill Professional Development; McGraw-Hill Education

CONTACT: Tom Stanton, McGraw-Hill Education, +1-212-904-3214,
tom_stanton@mcgraw-hill.com; or Caroline Golon, Paul Werth Associates,
+1-614-678-9565, cgolon@paulwerth.com

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

$1.5 Million Grant From the Verizon Foundation to Fund Innovative Education and Technology Programs at National Law Enforcement MuseumGrant Also Funds Domestic Violence Prevention Program at Museum; Actor and Director Eric Close, of CBS' 'Without A Trace,' Takes Part in Launch Event

WASHINGTON, May 4 /PRNewswire/ -- The National Law Enforcement Officers Memorial Fund announced Monday (May 4) that it received a $1.5 million grant from the Verizon Foundation to develop educational and interactive technology programs at the planned National Law Enforcement Museum.

The facility, to be located in Judiciary Square, will be the world's most comprehensive museum focusing on law enforcement. Groundbreaking is scheduled for the fall of 2010.

"This grant will fund the development of interactive learning tools and educational programs that will enhance the museum experience and meet national standards of learning in history, civics, science and math," said Craig W. Floyd, chairman of the National Law Enforcement Officers Memorial Fund, which is leading the museum effort.

The grant, announced at a program with 8th grade students at Lincoln Multicultural Middle School in Northwest Washington, funds programs such as:

-- What's in the Evidence, a standards-based school-age educational program, which will help students learn how to use clues and solve cases presented by National Law Enforcement Museum exhibits. This program will be enhanced by a host of online materials that can be used by teachers and students. Those materials will be supported by the American Association for the Advancement of Science, a content partner of the Verizon Foundation's Thinkfinity.org, a free comprehensive educational Web site that contains thousands of K-12 lesson plans, student activities and other resources created or approved by 11 of the nation's leading educational organizations. -- Additional educational programs at the museum and online through the National Law Enforcement Museum Web site, which are applicable to students in grades K-12 and focused in the areas of civics, history, math and science. -- A socially responsible educational program designed to increase respect, trust and confidence between law enforcement, domestic violence survivors, their families and the general public, including a monthly event designed to teach K-12 students the basics of playing safely in a community, decision-making and options to escape violence and bullying. -- A domestic violence awareness and prevention certification program for professionals who assist domestic violence survivors.

"Education and domestic violence prevention are two key social issues for the Verizon Foundation," said Verizon Foundation President Patrick Gaston. "Through Verizon's partnership with the National Law Enforcement Museum, students, parents and teachers will have access to valuable resources to improve their educational experience and find tools to help them identify and prevent domestic violence."

Students at Monday's event took part in a question-and-answer session with actor and director Eric Close, of the CBS TV show "Without A Trace." Close, who plays detective Martin Fitzgerald on the show, talked with students about civic engagement, peer pressure and how decisions made as a teen can lead to success or failure later in life.

In addition, students and their families took part in a Verizon Wireless HopeLine(R) drive to collect no-longer-used cell phones, batteries and accessories that will be recycled or refurbished and sold for re-use to support domestic violence survivors and nonprofit organizations focused on domestic violence awareness and prevention.

The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its free educational Web site, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2008, the Verizon Foundation awarded more than $68 million in grants to nonprofit agencies in the U.S. and abroad. It also matched the charitable donations of Verizon employees and retirees, resulting in an additional $26 million in combined contributions to nonprofits. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since 2000. For more information on the foundation, visit http://www.verizonfoundation.org/.

Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 86 million customers nationwide. Verizon's Wireline operations provide converged communications, information and entertainment services over the nation's most advanced fiber-optic network. Wireline also includes Verizon Business, which delivers innovative and seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 237,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit http://www.verizon.com/.

The National Law Enforcement Officers Memorial Fund is a private non-profit organization dedicated to honoring the service and sacrifice of America's law enforcement officers. The NLEOMF maintains the National Law Enforcement Officers Memorial in Washington, DC, which contains the names of 18,661 officers who have died in the line of duty throughout U.S. history. The Memorial Fund is now leading the effort to build the first-ever National Law Enforcement Museum, which will tell the story of law enforcement through high-tech, interactive exhibitions, historical artifacts and extensive educational programming. For more information, visit http://www.lawmemorial.org/.

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

Verizon

CONTACT: Brian C. Malina, +1-908-559-6434, brian.c.malina@verizon.com;
Kevin Morison, National Law Enforcement Museum, +1-202-737-7134,
kevin@nleomf.org

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

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

Baldor Electric Company Reports Annual Shareholders' Meeting Highlights and 2nd Quarter 2009 Dividend

FORT SMITH, Ark., May 4 /PRNewswire-FirstCall/ -- Baldor Electric Company markets, designs and manufactures industrial electric motors, mechanical power transmission products, drives and generators. Baldor made the following report today after the recent Shareholders' and Board of Director meetings.

Annual Shareholders' Meeting Highlights ... The Company's Annual Shareholders' Meeting was held on May 2, 2009, in Fort Smith and attended by over 250 shareholders and guests. Following are the highlights of the meeting.

-- Company directors Merlin J. Augustine, Jr., John A. McFarland, and Robert L. Proost were re-elected to serve three-year terms which will expire in 2012. -- Shareholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm. -- Shareholders voted in favor of a proposal to amend the Baldor Electric Company 2006 Equity Incentive Plan. -- Shareholders voted in favor of a proposal to create the Baldor Electric Company Plan for Tax Deductible Executive Compensation. -- At the meeting, presentations were made by John A. McFarland, Chairman and CEO, and Ronald E. Tucker, President and COO. A reprint of the presentation is available upon request.

Cash Dividend ... The Board of Directors declared a cash dividend of $0.17 per share on the Company's common stock payable on June 30, 2009, to shareholders of record on June 9, 2009.

Next Update ... On May 12, 2009, the Company will meet with institutional investors at the UBS Industrial Conference in Chicago. Baldor will also host an Investor Meeting at 11:30 a.m. on June 9, 2009, in New York City. For more information on either of these events, please contact Investor Relations at investorinfo@baldor.com.

BEZ-G

Baldor Electric Company

CONTACT: John McFarland, Chairman and CEO, Ron Tucker, President and
COO, or Tracy Long, Vice President Investor Relations, all of Baldor Electric
Company, +1-479-648-5769, Investorinfo@baldor.com

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

Novell to Report Second Fiscal Quarter 2009 Results

WALTHAM, Mass., May 4 /PRNewswire-FirstCall/ -- Novell, Inc. today announced it will issue a press release providing its second fiscal quarter 2009 financial results on Thursday, May 28, 2009, following the market close. The press release will also be posted on Novell's website at http://www.novell.com/company/ir/qresults. A one-hour conference call with Novell management will follow beginning at 5:00pm ET. The conference call will be available live as a listen-only webcast at: http://www.novell.com/company/ir/qresults. The domestic toll-free dial-in number is 866-335-5255, password "Novell". The international dial-in number is +1-706-679-2263, password "Novell".

Following the live event, an archived version of the webcast will be available for twelve months on the Novell Investor Relations website at http://www.novell.com/company/ir/qresults/.

About Novell http://www.novell.com/

Novell and the Novell logo are registered trademarks of Novell, Inc. in the United States and other countries. All third party marks are the property of their respective owners.

Novell, Inc.

CONTACT: Ian Bruce, +1-781-464-8034, ibruce@novell.com, or Investors,
Susan Walker White, 1-800-317-3195, swhite@novell.com, both of Novell, Inc.

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

Modelo Especial to Debut New General Market and Hispanic Ad CampaignsNo. 3 Import Launches First-Ever Online Ad Campaign With New :15 Spots and New Hispanic Creative

CHICAGO, May 4 /PRNewswire/ -- After posting double-digit growth rates last year, Modelo Especial, the rich, full-flavored pilsner-style beer and No. 3 imported beer in the U.S., will debut new creative as part of a two-pronged advertising campaign in 2009. The beer will look to build upon its growth in the general market with new :15 spots to support the beer's first-ever online campaign, while new Spanish-language TV and radio spots will debut as part of the Hispanic campaign.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090504/NY10306 )

The beer has followed a unique pattern of establishing significant popularity in the Hispanic market before expanding to a mainstream audience. To generate additional cross-over growth, Modelo Especial launched its first-ever English language campaign in 2008 and will once again execute Hispanic and General Market campaigns in 2009. The expansion of Modelo Especial draft beer will also be key in increasing the beer's popularity in the General Market.

"Modelo Especial is a unique brand that, in a challenging economy, continues to generate double-digit growth," said Paul Verdu, vice president of marketing for Crown Imports. "The loyal Hispanic consumers and new crossover into the general market present a great deal of opportunity for the brand to grow in 2009."

Advertising Campaigns

The highlight of the 2009 General Market Modelo Especial campaign is the first-ever online creative extensions. New :15 spots will debut online using the "Let it Be Served" tagline first introduced in print ads last year. The print and online creative celebrate Modelo Especial's authentic Mexican heritage and premium positioning by featuring traditional Mayan foot soldiers whose proud role is to serve Modelo Especial to their Mayan King. Each character is animated to replicate Modelo Especial's trademark golden bottle foil. Banner ads promoting the creative will appear on http://www.wired.com/ and http://www.men.style.com/. Print advertisements will also run in Details and WIRED starting in May. For a direct link to the creative go to: http://www.condenet.com/promo/modeloespecial.

The Hispanic marketing campaign includes two new television spots that will air on national network and cable Hispanic TV. An extension of a campaign launched last year, the new TV spots focus on the quality of the beer and its taste profile, two attributes that are very appealing to the Hispanic population. In each spot two characters with polarized points of view, such as baseball vs. soccer fans or Reggaeton vs. Norteno-style music, disagree on almost everything only to find out that they can't argue about the quality of Modelo Especial. Modelo Especial will also air four radio spots in the top 20 Hispanic markets. The radio ads include the same type of humor and cultural nuances that characterize the TV campaign, positioning Modelo Especial as a quality beer that appeals to all Latinos. In addition to radio and TV, new out-of-home creative will be introduced this year which will also appear in the top 20 Hispanic markets.

Integrated Promotional Support

Modelo Especial plans an integrated approach in order to create sampling opportunities and introduce the beer at targeted events through media partnerships. The brand will be the exclusive import beer at the WIRED Cafe held during Comic-Con 2009 in San Diego this July, an invitation-only, VIP lounge hosted by WIRED magazine, where entertainment insiders and film fans will gather to experience VIP hospitality, new product demos, and a celebration of pop culture. Modelo Especial will also be featured at a sampling event in New York City's Meat Packing district with Details magazine in December called "Rock the Block" as well as other programs throughout 2009. Modelo Especial looks to expand its General Market reach through on- and off-premise promotions during Cinco de Mayo, and the Holiday periods when consumers tend to trade-up to imported beers. Also, Modelo Especial Draft beer will continue to rollout to additional markets this year.

Promotional support for the Hispanic campaign will focus on major holidays and interests of target consumers and will have both on-premise and off-premise extensions. Modelo Especial will execute Hispanic market promotions tied to Cinco de Mayo, Fiestas Patrias, Las Posadas, various soccer games and boxing. Hispanic model, actress and journalist Jellym Mejia will continue to serve as the Modelo Especial spokesmodel and the beer has signed on for a concert tour sponsorship with Banda Cuisillos, one of the most awarded Mexican bands of the Regional Mexican music genre.

Growth and New Product Launches

In 2008, Modelo Especial grew in sales by 10.6 percent selling 24.7 million cases, a feat for any brand in the current marketplace. Sales for Modelo Especial have grown at a double-digit rate for 17 consecutive years, more than any other beer in the industry, and it looks to continue growth in 2009 with the nationwide expansion of Modelo Especial Draft beer and the introduction of 18-pack cans.

Modelo Especial Draft was initially introduced in Phoenix and Houston in 2008, generating impressive sales results in all selected bars, pubs and restaurants. Furthermore, Modelo Especial's 6-Pack and 12-Pack bottle sales recorded sales increases in grocery and liquor stores in Draft markets. Additional Modelo Especial Draft markets planned for expansion include the Southwest territory along with a possible Northeastern U.S. rollout.

Crown Imports LLC is a joint venture that imports, distributes and markets the Modelo portfolio and other fine beer brands across the entire U.S. The Modelo portfolio includes Corona Extra, the #1 imported beer in the U.S. and #6 beer overall, Corona Light, Modelo Especial, Negra Modelo and Pacifico beer brands. Crown also imports the St. Pauli Girl and Tsingtao beer brands in the U.S. For more information, visit http://www.crownimportsllc.com/.

Crown Imports is a 50-50 joint venture between Grupo Modelo, S.A. de C.V. (MX: GMODELOC), Mexico's leading company in the brewing, distribution and sale of beer, and Constellation Brands, Inc. , a leading international beverage alcohol producer, importer and marketer.

Photo: http://www.newscom.com/cgi-bin/prnh/20090504/NY10306
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Crown Imports LLC

CONTACT: Bill Ligas, Crown Imports LLC, +1-312-873-9279,
bill.ligas@crownimportsllc.com; or Lauren Fimbres, +1-312-829-8326, ext. 250,
lauren@teamworksmedia.com, or Kelly Harfoot, +1-312-829-8326, ext. 250,
kelly@teamworksmedia.com, both of TeamWorks Media for Crown Imports LLC

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

Oracle Previews Oracle(R) Rapid PlanningNew Product in Oracle's Value Chain Planning Solution Will Deliver Advanced Real-Time Event Driven Planning and Simulation

ORLANDO, Fla., May 4 /PRNewswire-FirstCall/ -- COLLABORATE 2009

News Facts -- Continuing to build on its comprehensive Information-Driven Value Chain strategy, today Oracle previewed Oracle(R) Rapid Planning at COLLABORATE 09. -- A new product within the Oracle Value Chain Planning solution, Oracle Rapid Planning will enable customers to gain rapid, predictive and actionable insight into dynamic supply chain planning decisions. -- Oracle Rapid Planning will combine fast, comprehensive constraint-based planning with a superior user interface supporting easy manipulation of data and quick comparison of alternative plans. -- Oracle Rapid Planning will complement and be integrated with other products within Oracle's Value Chain Planning solution, enabling customers to leverage their existing investments and realize value throughout the extended supply chain. Extending the Information-Driven Value Chain -- Leveraging its unique web services and open, standards-based architecture, Oracle Rapid Planning customers can enable reduced supply chain decision-making time with the following capabilities: -- Fast, event-driven simultaneous material and capacity planning for rapid scenario analysis and real-time evaluation of supply chain events. -- Fast sales and operations planning scenario simulation, integrated with Oracle's Demantra. -- Compatible and complementary capabilities to Oracle Advanced Supply Chain Planning. -- Mass edit of supply chain data, enabling customers to conduct ad-hoc, rapid scenario modeling without the need to make changes to the ERP data or transactions. -- Predictive and actionable insight via embedded analytics, a spreadsheet-style flexible user-interface, and embedded exceptions and scenario comparisons -- Comprehensive constraint modeling to mimic real-life planner decision making such as alternate bills of material, routings, sources and shipping methods, substitution and lead times. -- Multi-enterprise visibility and planning, spanning internal facilities and contract manufacturers. -- Multi-planner collaboration and simulation to help speed up the analysis and decision-making process. -- Integration with ERP to help quickly translate decisions into actions and release planning recommendations directly to execution without latency. Supporting Quote -- "Today, companies need to be flexible and fast enough to quickly respond to operational challenges and mitigate business impact," said Oracle's Group Vice President, Value Chain Planning Applications Development, Nadeem Syed. "Oracle Rapid Planning will extend the value of Oracle's leading supply chain applications by providing the insight needed to instantly act on information and drive greater collaboration and business success." General Availability -- Oracle Rapid Planning is scheduled to be generally available in calendar year 2009. Customers will be able to deploy this product with current and prior versions of the Oracle E-Business Suite, Oracle's JD Edwards EnterpriseOne and Oracle's Value Chain Planning applications, as well as standalone for use in heterogeneous environments including SAP. Supporting Resources -- The Information-Driven Value Chain -- Oracle Value Chain Planning applications -- Industry Leaders Adopt Oracle Value Chain Planning Applications -- Podcast: Jon Chorley: Information Driven Value Chain About Oracle

Oracle is the world's largest business software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.

Trademark

Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY AND MAY NOT BE INCORPORATED INTO A CONTRACT OR AGREEMENT.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )

Photo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Oracle Corporation

CONTACT: Jessica Moore, Oracle, +1-650-506-8741,
jessica.moore@oracle.com; or Steven Propper, Blanc & Otus for Oracle,
+1-415-856-5114, spropper@blancandotus.com

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

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News archive of November 2009
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