Open Text to Show ECM Suite for Use With SAP(R) Solutions at SAPPHIRE(R) 2009 Orlando ConferenceOpen Text to Lead Educational Sessions with Customers Discussing How Transparent Access to Enterprise Content Drives Down Business Cost

ORLANDO, May 11 /PRNewswire-FirstCall/ -- Open Text , a global leader in Enterprise Content Management (ECM), said today it will be working with SAP customers to demonstrate the Open Text ECM Suite for use with SAP(R) solutions during the SAPPHIRE(R) 2009 Orlando and the 2009 ASUG Annual conferences. Both events are being held simultaneously this week at the Orange County Convention Center.

Connecting business content with SAP applications continues to present a significant opportunity to lower costs and boost information worker productivity. According to a recent IDC whitepaper sponsored by Open Text and SAP (1), over half of respondents from large organizations (companies with 2,000 or more employees) say they need to integrate unstructured information with their ERP and CRM systems. The leading industry research firm estimates that improving information "findability" alone would save large enterprises more than $10 million per year (2).

During SAPPHIRE 2009, customers will have the opportunity to learn firsthand how the Open Text ECM Suite for use with SAP solutions provides transparent access to enterprise content of all kinds - whether customer correspondence, scanned images of invoices, contracts, or word processing documents and spreadsheets - from within users' familiar SAP applications. This significantly boosts productivity because the content they need is automatically available in the context of their work.

Open Text delivers ECM extensions that integrate with and complement SAP solutions, helping organizations reduce risk, increase operational efficiency and drive IT consolidation. Among the savings being highlighted at the Open Text booth (#336) this week include:

- Lowered AP processing costs as well as cost of goods, with the SAP Invoice Management application by Open Text - Elimination of legacy system cost (maintenance, servers, consulting, etc) with Legacy Decommissioning - Reduction of 50 percent or more in consulting and services costs to upgrade to current versions of SAP solutions with Upgrade Solutions - Up to a 90 percent reduction in storage and data center costs with the SAP Archiving application by Open Text - Savings of 60 percent in physical document workflow costs in core modules: Customer Information Management, Employee Information Management and Supplier Information Management from Open Text

The sessions Open Text will host with customers will give attendees hands-on strategies and best-practice examples for optimizing the use of ECM solutions in SAP application environments. These sessions include:

- Implementing and Monitoring AP Optimization and Automation at Holcim, Wednesday, May 13, 11:45 a.m., presented by Fabio Negrao, manager, Procure-to-Pay, Holcim; and Thomas Walker, portfolio manager, SAP Accounts Payable Solutions, Open Text - Rate Case Management Made Easy with Solutions from SAP and Open Text, Thursday, May 14, 10:30 a.m., presented by Beth Cobb, team lead, ECM at TXU Energy Retail Company LLC; Hugh Ritchie, industry manager, Open Text; and Joanne Kelley, industry principal, Utilities, SAP America, Inc. - Improve Accounts Payable Processes Utilizing SAP's New Invoice Management, Thursday, May 14, 12:00 p.m., presented by Tom Walker, Open Text; and George Penton, ERP Solutions Management, SAP Labs LLC

"Bringing enterprise content into enterprise business processes represents a significant opportunity for companies to cut costs and gain a business advantage," said Patrick Barnert, Vice President, SAP Solutions at Open Text. "More and more we are seeing customers looking for the tight integration between content and enterprise applications only available from Open Text and SAP. CIOs and business managers alike are looking to get more from their IT assets today."

Supporting that view in a recent white paper (1) is IDC analyst Melissa Webster who writes: "We believe SAP users will see tremendous benefit in the ability to transparently leverage ECM in conjunction with their portfolio of SAP applications, without needing to change their existing processes, re-implement their applications, or retrain their users...Rarely does IT have such a good opportunity to enhance the organization's controls over information management without impacting existing users and applications."

Open Text is an industry leader in ECM solutions for use with SAP applications, leveraging two decades of partnership and co-development, and expertise gained from delivering solutions to more than 3,000 SAP customer sites around the world. For more information on the Open Text ECM Suite for use with SAP solutions, go to: http://www.opentext.com/sap.

Open Text's solutions for use with SAP are offered as part of the Open Text ECM Suite, which brings together the broad range of content management capabilities organizations need to securely and safely manage all types of enterprise information documents, vital records, Web content, video, images, email, forms and reports across many different enterprise systems and applications.

SAPPHIRE & ASUG

For more information on SAPPHIRE 2009 and the 2009 ASUG Annual Conference, go to: http://www.opentext.com/2/ex_event.html?evtype=events&id=70120000000B2rsAAC

About Open Text

Open Text, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 50 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts(TM) to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit http://www.opentext.com/.

(1) IDC White Paper sponsored by Open Text and SAP, Enterprise Content Meets Enterprise Business Processes: Open Text and SAP's Joint

Solution, Doc # IDCWPT02R, February 2009: http://www.opentext.com/download/livelinkdownload.html?path=product/sap/idc-wh itepaper-enterprise-content-ot-sap.pdf

(2) The Hidden Costs of Information Work, IDC #201334, April 2006. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Open Text ECM Suite and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2008. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.

Copyright (C) 2009 by Open Text Corporation. OPEN TEXT and Open Text Enterprise Library are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. SAP, SAPPHIRE and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.

Open Text Corporation

CONTACT: Richard Maganini, Open Text Corporation, (847) 267-9330
ext.4266, rmaganin@opentext.com; Stephanie Fazio, Open Text Corporation, (519)
888-7111, ext.2429, sfazio@opentext.com; Brian Edwards, McKenzie Worldwide,
(503) 577-4583, briane@mckenzieworldwide.com

tw telecom Reports First Quarter 2009 Results- Achieved 35.1% M-EBITDA margin, a 210 basis point expansion year over year -- Delivered $14 million levered free cash flow, or 5% of revenue -- Produced $3 million of Net Income, reflecting $0.02 earnings per share(1), representing growth of $0.05 per share year over year -

LITTLETON, Colo., May 11 /PRNewswire-FirstCall/ -- tw telecom inc. , a leading provider of managed voice, Internet and data networking solutions for business customers, today announced its first quarter 2009 financial results, including $297.6 million of revenue, $104.4 million in Modified EBITDA(2) ("M-EBITDA") and net income of $2.9 million.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080626/LATH527LOGO)

"We performed well in a difficult economic environment, delivering another solid quarter," said Larissa Herda, tw telecom's Chairman, CEO and President. "We continued to grow revenue, deliver impressive margins and generate solid cash flow while maintaining our strong liquidity. Profitably growing revenue is our top priority as we leverage customer demand for our Ethernet, IPVPN, Internet solutions and our recently launched managed services. We expect ongoing headwinds from the economy, therefore we remain nimble with a very disciplined approach. At the same time we continue to position for the future by investing in the customer experience and strategic development of our network reach and product portfolio."

Highlights for the First Quarter 2009 -- Grew total revenue 5% year over year and 1% sequentially -- Grew enterprise revenue 9% year over year and 2% sequentially -- Grew data and Internet revenue 21% year over year and 4% sequentially -- Grew M-EBITDA 12% year over year, and was nearly flat sequentially -- Achieved a 35.1% M-EBITDA margin, a 210 basis point improvement year over year -- Delivered $14.5 million of levered free cash flow(4), representing 5% of revenue -- Ended the quarter with $353.2 million in cash and equivalents, and sequentially improved days sales outstanding for receivables and decreased bad debt expense -- Implemented FASB Staff Position APB 14-1 for convertible debt, which increased non cash interest expense and decreased net income, thereby lowering EPS with various impacts to the balance sheet, including decreasing debt Business Trends

"We are pleased with our strong margins and continued strong liquidity," said Mark Peters, tw telecom's Executive Vice President and Chief Financial Officer. "We generated solid revenue growth, which was driven by record fourth quarter sales somewhat offset by persistently higher revenue churn. Coming off that record quarter, our sales started the year at levels below the same period for the prior year, but grew throughout the quarter. Overall, the trends in the business remain steady."

The Company continues in a strong liquidity position with no significant debt maturities until 2013, $353 million in cash and equivalents, an undrawn revolver, and no financial maintenance covenants unless it draws its revolver(5).

Churn

Reflecting the current economic environment, revenue churn(6) was 1.3% compared to 1.2% for the prior quarter and 1.1% for the same quarter last year. The Company expects elevated revenue churn to continue to pressure revenue growth.

Customer churn(6) was 1.3% for the current and prior quarter, down from 1.4% for the same quarter last year. The majority of the turnover was from small acquired customers that are below the Company's service profile and the Company expects this churn will continue.

Other items for 2009

The Company continues to expect business fluctuations to impact sequential trends in revenue, margins and cash flow. This includes the timing as well as any seasonal nature of sales and installations, usage, disputes, repricing of contract renewals and ongoing revenue churn. Given the current economic environment, seasonal and other trends may differ from historical experience.

As of January 1, 2009, the Company adopted mandated FASB Staff Position APB 14-1 ("FSP APB 14-1"), which addresses changes in accounting for certain convertible debt instruments. The impact of this pronouncement was to record a discount on the Company's convertible debt to reflect the fair value at issuance. Adoption of this pronouncement, which was retrospectively applied to all periods presented in its financial statements, increased non cash interest expense, decreased net income, and decreased debt along with other balance sheet impacts. See the Company's supplemental earnings slides for further details.

Capital Expenditures

Capital expenditures were $73.4 million for the quarter compared to $72.9 million for the prior quarter and $59.6 million for the same period last year. The increase primarily reflects $9.7 million for an opportunistic purchase of fiber assets and other market and collocation expansions, which were driven by customer demand. For 2009, the Company expects total capital expenditures to be approximately $250 to $275 million with the majority of the capital tied to new sales opportunities.

Year over Year Results -First Quarter 2009 compared to First Quarter 2008 Revenue

Revenue for the quarter was $297.6 million compared to $282.6 million for the first quarter last year, representing a year over year increase of $15 million, or 5%. Key changes in revenue included:

-- $19.0 million increase in revenue from enterprise customers, or 9% year over year, representing 27 consecutive quarters of enterprise growth -- $2.7 million decrease in revenue from carriers. Growth in new sales was outpaced by churn, including $1.5 million lost revenue from one wireless customer, and repricing of renewed customer contracts -- $1.3 million decrease in intercarrier compensation related primarily to rate reductions

By product line, the percentage change in revenue year over year was as follows:

-- 21% increase for data and Internet services, primarily due to continued success with Ethernet and IP-based product sales -- Voice services, remained relatively unchanged reflecting growth in bundled and other local product sales offset by churn -- 3% decrease for network services, primarily due to churn and repricing for contract renewals primarily related to carrier customers, partially offset by an increase in collocation services M-EBITDA and Margins

M-EBITDA grew to $104.4 million for the quarter from $93.4 million for the same period last year, a 12% increase, or $11.1 million. The growth in M-EBITDA represents the contribution from revenue growth, cost synergies from network optimization efforts and overall efficiency gains, partially offset with higher bad debt expense.

Operating costs for the quarter increased primarily due to increased network access costs associated with growth in customer installations of service, partially offset by grooming and employee-related cost efficiencies. Operating costs as a percent of revenue were 42% for the current period compared with 43% for the same period last year.

Selling, general and administrative costs ("SG&A") increased year over year, primarily reflecting increased bad debt expense and higher employee costs for incentive based sales compensation due to growth in revenue, partially offset by employee-related cost efficiencies. Bad debt expense was $3.5 million for the quarter and $.9 million for the same period last year, representing 1.2% of quarterly revenue for the current quarter and .3% for the same period last year. SG&A costs as a percent of revenue declined to 25% for the quarter as compared to 26% for the same period last year, reflecting cost efficiencies and scaling of the business.

Modified gross margin(7) was 58.7% for the current quarter compared to 57.6% for the same period last year, a 110 basis point improvement. M-EBITDA margin for the quarter was 35.1% as compared to 33.0% for the same period last year, a 210 basis point improvement. The improvement in margins between periods primarily reflects contributions from revenue growth, efficiencies and scaling of the business, partially offset by higher bad debt expense.

The Company utilizes a fully burdened modified gross margin, including network costs, and personnel costs for customer care, provisioning, network maintenance, technical field and network operations, excluding non-cash stock-based compensation expense.

Net Income and Loss

For the quarter, the Company achieved a $0.05 per share improvement in EPS with net income of $2.9 million, or $0.02 per share for the current quarter compared to a net loss of $4.8 million, or a loss of $0.03 per share, for the same period last year. Net income for the quarter reflects strong M-EBITDA growth partially offset by increased depreciation. The increase in depreciation represents increased capital investments partially offset by an increase in fully depreciated assets. The impact of adoption of FSP APB 14-1 decreased earnings per share by $0.03 and $0.02 for the current quarter and the same period last year, respectively.

Sequential Results -First Quarter 2009 compared to Fourth Quarter 2008 Revenue

Revenue for the quarter was $297.6 million, as compared to $294.6 million for the fourth quarter of 2008, an increase of $3.0 million, or 1%. Key changes in revenue included:

-- $4.1 million increase in enterprise revenue, representing 2% sequential growth -- $1.2 million decrease in revenue from carrier customers reflecting new sales offset by repricing of renewed customer contracts and churn -- $0.1 million increase in intercarrier compensation

By product line, the percentage change in revenue sequentially was as follows:

-- 4% increase for data and Internet services, primarily due to continued success with Ethernet and IP based product sales -- Voice services were relatively unchanged with continued churn offset by increased usage -- 2% decrease in network services, primarily due to ongoing disconnects and contract repricing, partially offset by an increase in collocation services M-EBITDA and Margins

M-EBITDA was $104.4 million for the quarter, compared to $104.2 million for the prior quarter. The Company experienced a $4.0 million increase in costs from the resetting of payroll taxes and other employee related costs. The Company deferred its annual merit raises one month and therefore expects an additional increase in employee costs by approximately $2.0 million in the second quarter reflecting the full quarter impact.

Operating costs decreased primarily reflecting network optimization efforts, fluctuations in field related costs for fuel, utility and repairs & maintenance, partially offset by higher employee costs related to resetting of payroll taxes and other employee related costs. Operating costs were 42% of revenue for the quarter compared to 43% for the prior quarter.

SG&A costs increased primarily reflecting higher employee costs related to resetting of payroll taxes and other employee related costs partially offset by reduced bad debt expense. Bad debt expense decreased to $3.5 million from $3.9 million sequentially, representing 1.2% and 1.3% of quarterly revenue, respectively. SG&A was 25% of revenue for the current quarter compared to 24% for the prior quarter.

Modified gross margin was 58.7% compared to 57.6% for the prior quarter. M-EBITDA margin was 35.1% for the quarter, compared to 35.4% for the prior quarter. The change in M-EBITDA and margins primarily reflects contributions from revenue growth and lower field costs offset by the increase in employee related costs.

Net Income

For the quarter, the Company reported net income of $2.9 million, or $0.02 per share, compared to net income of $.9 million, or $0.01 per share for the prior quarter. Net income reflects stable M-EBITDA and decreased interest costs. The impact of adoption of FSP APB 14-1 decreased earnings per share by $0.03 and $0.02 for the current quarter and the prior quarter, respectively.

Summary

"Profitably growing revenue is our top priority as we continue to leverage our strategic position, develop new products and actively pursue opportunities to grow our business," said Herda.

tw telecom plans to conduct a webcast conference call to discuss its earnings results on May 12 at 9:00 a.m. MDT (11:00 a.m. EDT). To access the webcast and the financial and other information to be discussed in the webcast, visit http://www.twtelecom.com/ under "Investor Relations."

(1) Net of a decrease in earnings per share for the impact of adoption of FSP APB 14-1, see page 9.

(2) The Company uses a modified definition of EBITDA to eliminate certain non-cash and non-operating income or charges to earnings to enhance the comparability of its financial performance from period to period. Modified EBITDA (or "M-EBITDA") is defined as net income or loss before depreciation, amortization, accretion, impairment charges and other gains and losses, interest expense, debt extinguishment costs, interest income, income tax expense or benefit, cumulative effect of change in accounting principle, and non-cash stock-based compensation expense.

(3) The Company defines unlevered free cash flow as Modified EBITDA less capital expenditures. Unlevered free cash flow is reconciled to Net Cash provided by (used in) operating activities in the supplemental information posted on the Company's website.

(4) The Company defines levered free cash flow as Modified EBITDA less capital expenditures and net interest expense from operations (but excludes debt extinguishment costs and non cash interest expense & deferred debt costs). Levered free cash flow is reconciled to Net Cash provided by (used in) operating activities in the supplemental information posted on the Company's website.

(5) The Company does not have any maintenance debt covenants on its current debt instruments unless it draws its unused revolver. Please see the Company's Form 10-K and other SEC filings for further details.

(6) The Company defines revenue churn as the average lost recurring monthly billing from disconnects (excluding repricing impacts and usage) compared to reported revenue for the quarter. Customer churn is defined as the average monthly customer turnover compared to the average monthly customer count.

(7) The Company defines modified gross margin as Total Revenue less operating costs excluding non-cash stock-based compensation expense. Modified gross margin is reconciled to gross margin in the financial tables.

Financial Measures

The Company provides financial measures using generally accepted accounting principles ("GAAP") as well as adjustments to GAAP measures to describe its business trends, including Modified EBITDA. Management believes that its definition of Modified EBITDA (see above) is a standard measure of operating performance and liquidity that is commonly reported and widely used by analysts, investors, and other interested parties in the telecommunications industry because it eliminates many differences in financial, capitalization, and tax structures, as well as non-cash and non-operating income or charges to earnings. Modified EBITDA is not intended to replace operating income (loss), net income (loss), cash flow, and other measures of financial performance and liquidity reported in accordance with GAAP. Management uses Modified EBITDA internally to assess on-going operations and it is the basis for various financial covenants contained in the Company's debt agreements. Modified EBITDA is reconciled to Net Income (Loss), the most comparable GAAP measure, within the Consolidated Operations Highlights and in the supplemental information posted on the Company's website.

In addition, management uses unlevered and levered free cash flow, which measure the ability of M-EBITDA to cover capital expenditures. The Company uses these cash flow definitions to eliminate certain non-cash costs. Levered and unlevered free cash flow are reconciled to Net Cash provided by (used in) operating activities in the supplemental information posted on the Company's website. The Company also provides an adjustment to the measure gross margin by eliminating the impact of non-cash stock-based compensation expense related to the adoption of SFAS 123R. Management uses modified gross margin internally to assess on-going operations. Modified gross margin is reconciled to gross margin in the Consolidated Operations Highlights.

Forward Looking Statements

The statements in this press release concerning the outlook for 2009 and beyond, including expansion plans, growth prospects, churn, business fluctuations, sales activity, timing of sales and installations, expense trends, the impact of accounting changes, seasonality, business trends, repricing of contract renewals, revenue growth, margins and cash flow trends, market opportunities, and expected capital expenditures are forward-looking statements that reflect management's views with respect to future events and financial performance. These statements are based on management's current expectations and are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those in the forward looking statements include the risks disclosed in the Company's filings with the SEC, especially the section entitled "Risk Factors" in its 2008 Annual Report on Form 10-K and in its quarterly report on Form 10-Q for the quarter ended March 31, 2009. tw telecom undertakes no obligations to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About tw telecom

tw telecom, headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and data networking, Internet access, local and long distance voice, VPN, VoIP and network security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, tw telecom delivers customers overall economic value, quality service, and improved business productivity. Please visit http://www.twtelecom.com/ for more information.

tw telecom inc. Consolidated Operations Highlights (Dollars in thousands) Unaudited (1) Three Months Ended March 31, ---------- 2009 2008 Growth % ---- ---- -------- Revenue Data and Internet services $112,042 $92,790 21% Network services 93,866 96,806 -3% Voice services 83,077 83,073 0% ------ ------ --- Service Revenue 288,985 272,669 6% Intercarrier compensation 8,646 9,915 -13% ----- ----- --- Total Revenue 297,631 282,584 5% ------- ------- --- Expenses Operating costs 123,731 120,821 ------- ------- Gross Margin 173,900 161,763 Selling, general and administrative costs 75,820 74,480 Depreciation, amortization, and accretion 73,191 69,859 ------ ------ Operating Income 24,889 17,424 Interest expense (3) (16,681) (20,120) Non cash interest expense and deferred debt costs (2) (3) (4,777) (4,386) Interest income 130 2,686 --- ----- Income (Loss) before income taxes 3,561 (4,396) Income tax expense 681 375 --- --- Net Income (Loss) $2,880 ($4,771) ====== ======= SUPPLEMENTAL INFORMATION TO RECONCILE MODIFIED GROSS MARGIN AND MODIFIED EBITDA ------------------------------------------------------------------------ Gross Margin $173,900 $161,763 Add back non-cash stock-based compensation expense 725 925 --- --- Modified Gross Margin 174,625 162,688 7% === Selling, general and administrative costs 75,820 74,480 Add back non-cash stock-based compensation expense 5,637 5,160 ----- ----- Modified EBITDA 104,442 93,368 12% === Non-cash stock-based compensation expense 6,362 6,085 Depreciation, amortization, and accretion 73,191 69,859 Net Interest expense (3) 16,551 17,434 Non cash interest expense and deferred debt costs (2) (3) 4,777 4,386 Income tax expense 681 375 --- --- Net Income (Loss) $2,880 ($4,771) ====== ======= Modified Gross Margin % 58.7% 57.6% ==== ==== Modified EBITDA Margin % 35.1% 33.0% ==== ==== Free Cash Flow: Modified EBITDA $104,442 $93,368 12% Less: Capital Expenditures 73,425 59,637 23% ------ ------ --- Unlevered Free Cash Flow 31,017 33,731 -8% Less: Net interest expense (3) 16,551 17,434 -5% ------ ------ --- Levered Free Cash Flow (3) $14,466 $16,297 -11% ======= ======= === (1) For complete financials and related footnotes, please refer to the Company's SEC filings. (2) Effective 1/1/09, the Company adopted FSP APB 14-1 Accounting for Convertible Debt Instruments, which requires retrospective application. Included above is $4.2 million and $3.8 million for the quarter ended March 31, 2009 and 2008, respectively, for adoption of this pronouncement. (3) Includes $.6 million reclassification from Interest Expense to Non Cash Interest Expense and Deferred Debt Costs for period ended March 31, 2008. tw telecom inc. Consolidated Operations Highlights (Dollars in thousands) Unaudited (1) Three Months Ended ------------------ March 31, December 31, 2009 2008 Growth % ---- ---- -------- Revenue Data and Internet services $112,042 $107,538 4% Network services 93,866 95,577 -2% Voice services 83,077 82,985 0% ------ ------ --- Service Revenue 288,985 286,100 1% Intercarrier compensation 8,646 8,546 1% ----- ----- --- Total Revenue 297,631 294,646 1% ------- ------- --- Expenses Operating costs 123,731 126,229 ------- ------- Gross Margin 173,900 168,417 Selling, general and administrative costs 75,820 70,614 Depreciation, amortization, and accretion 73,191 73,468 ------ ------ Operating Income 24,889 24,335 Interest expense (3) (16,681) (18,677) Non cash interest expense and deferred debt costs (2) (3) (4,777) (4,628) Interest income 130 566 --- --- Income before income taxes 3,561 1,596 Income tax expense 681 697 --- --- Net Income $2,880 $899 220% ====== ==== === SUPPLEMENTAL INFORMATION TO RECONCILE MODIFIED GROSS MARGIN AND MODIFIED EBITDA ------------------------------------------------------------------------ Gross Margin $173,900 $168,417 Add back non-cash stock- based compensation expense 725 1,206 --- ----- Modified Gross Margin 174,625 169,623 3% === Selling, general and administrative costs 75,820 70,614 Add back non-cash stock- based compensation expense 5,637 5,240 ----- ----- Modified EBITDA 104,442 104,249 0% === Non-cash stock-based compensation expense 6,362 6,446 Depreciation, amortization, and accretion 73,191 73,468 Net Interest expense (3) 16,551 18,111 Non cash interest expense and deferred debt costs (2) 4,777 4,628 Income tax expense 681 697 --- --- Net Income $2,880 $899 220% ====== ==== === Modified Gross Margin % 58.7% 57.6% ==== ==== Modified EBITDA Margin % 35.1% 35.4% ==== ==== Free Cash Flow Modified EBITDA $104,442 $104,249 0% Less: Capital Expenditures 73,425 72,868 1% ------ ------ --- Unlevered Free Cash Flow 31,017 31,381 -1% Less: Net interest expense (3) 16,551 18,111 -9% ------ ------ --- Levered Free Cash Flow (3) $14,466 $13,270 9% ======= ======= === (1) For complete financials and related footnotes, please refer to the Company's SEC filings. (2) Effective 1/1/09, the Company adopted FSP APB 14-1 Accounting for Convertible Debt Instruments, which requires retrospective application. Included above is $4.2 million and $4.1 million for the quarter ended March 31, 2009 and December 31, 2008, respectively, for adoption of this pronouncement. (3) Includes $.6 million reclassification from Interest Expense to Non Cash Interest Expense and Deferred Debt Costs for period ended December 31, 2008. tw telecom inc. Highlights of Results Per Share Unaudited (1) (2) Three Months Ended ------------------ 3/31/09 12/31/08 3/31/08 ------- -------- ------- Weighted Average Shares Outstanding (thousands) Basic 147,853 147,605 146,810 ======= ======= ======= Diluted (2) 148,620 148,194 146,810 ======= ======= ======= EPS prior to impacts of convertible debt accounting $0.05 $0.03 ($0.01) Adoption of FSP APB 14-1(3) (0.03) (0.02) (0.02) ----- ----- ----- Basic & Diluted Income (Loss) per Common Share $0.02 $0.01 ($0.03) ===== ===== ====== As of ------- ------ ------- 3/31/09 12/31/08 3/31/08 ------- -------- ------- Common shares (thousands) Actual Shares Outstanding 149,069 147,774 146,978 ======= ======= ======= Unvested Restricted Stock Units and Restricted Stock Awards (thousands) 2,910 1,199 1,576 ===== ===== ===== Options (thousands) Options Outstanding 13,657 11,956 12,828 ====== ====== ====== Options Exercisable 8,571 7,961 7,403 ===== ===== ===== Options Exercisable and In-the-Money 1,775 1,724 2,691 ===== ===== ===== (1) For complete financials and related footnotes, please refer to the Company's SEC filings. (2) Stock options, restricted stock units/awards and convertible debt subject to conversion, are excluded from the computation of diluted weighted average shares outstanding if inclusion would be anti-dilutive. See the Company's SEC filings for more details. (3) Effective 1/1/09, the Company adopted FSP APB 14-1 Accounting for Convertible Debt Instruments, which requires retrospective application. Adoption of this pronouncement included $4.2 million, $4.1 million and $3.8 million for the quarters ended March 31, 2009, December 31, 2008 and March 31, 2008, respectively, for Non Cash Interest Expense and Deferred Debt Costs. tw telecom inc. Condensed Consolidated Balance Sheet Highlights (Dollars in thousands) Unaudited (1) March 31, December 31, 2009 2008 ---- ---- ASSETS Cash and equivalents $353,212 $352,176 Receivables 85,833 93,662 Less: allowance (13,274) (11,271) ------- ------- Net receivables 72,559 82,391 Other current assets 22,207 20,850 Property, plant and equipment 3,330,115 3,266,868 Less: accumulated depreciation (2,021,551) (1,959,958) ---------- ---------- Net property, plant and equipment 1,308,564 1,306,910 Other Assets (2) 516,353 519,563 ------- ------- Total $2,272,895 $2,281,890 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable $39,254 $53,113 Deferred revenue 31,607 30,419 Accrued taxes, franchise and other fees 63,538 64,270 Accrued interest 9,555 17,386 Accrued payroll and benefits 36,322 38,245 Accrued carrier costs 33,465 36,981 Current portion of debt and lease obligations 8,564 7,221 Other current liabilities 24,947 26,115 ------ ------ Total current liabilities 247,252 273,750 Long-Term Debt and Capital Lease Obligations 2 3/8% convertible senior debentures, due 4/1/2026 (2) 373,750 373,750 Unamortized Discount (2) (77,397) (81,418) ------- ------- Net 296,353 292,332 Floating rate senior secured debt - Term Loan B, due 1/7/2013 586,500 588,000 9 1/4% senior unsecured notes, due 2/15/2014 400,271 400,285 Capital lease obligations 18,005 10,782 Less: current portion (8,564) (7,221) ------ ------ Total long-term debt and capital lease obligations 1,292,565 1,284,178 Long-Term Deferred Revenue 17,457 17,734 Other Long-Term Liabilities 33,120 33,035 Stockholders' Equity (2) 682,501 673,193 ------- ------- Total $2,272,895 $2,281,890 ========== ========== (1) For complete financials and related footnotes, please refer to the Company's SEC filings. (2) Effective January 1, 2009 the Company adopted FSP APB 14-1 Accounting for Convertible Debt Instruments. For further details see the Company's SEC filings and the Company's supplemental earnings slides. tw telecom inc. tw telecom's Strong Liquidity (Photo: http://www.newscom.com/cgi-bin/prnh/20090511/LA14648) tw telecom inc. Condensed Consolidated Statements of Cash Flows (Dollars in thousands) Unaudited (1) Three Months Ended ------------------ Mar. 31, Dec. 31, Mar. 31, 2009 2008 2008 ---- ---- ---- Cash flows from operating activities: Net Income $2,880 $899 ($4,771) Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization, and accretion 73,191 73,468 69,859 Stock-based compensation 6,362 6,446 6,085 Discount on debt, amortization of deferred debt issue costs and other 5,198 5,036 4,410 Changes in operating assets and liabilities: Receivables, prepaid expense and other assets 8,681 (6,166) 1,683 Accounts payable, deferred revenue, and other liabilities (32,486) 15,793 (18,392) ------- ------ ------- Net cash provided by operating activities 63,826 95,476 58,874 ------ ------ ------ Cash flows from investing activities: Capital expenditures (66,159) (72,868) (59,637) Proceeds from sale of assets and other investing activities 5,149 (2,158) (2,387) ----- ------ ------ Net cash used in investing activities (61,010) (75,026) (62,024) ------- ------- ------- Cash flows from financing activities: Net proceeds (tax withholdings) from issuance of common stock upon exercise of stock options, vesting of restricted stock awards and units, and employee stock purchase plan (132) (313) 1,477 Payment of debt and capital lease obligations (1,648) (1,648) (1,640) ------ ------ ------ Net cash used in financing activities (1,780) (1,961) (163) ------ ------ ---- Increase (decrease) in cash and cash equivalents 1,036 18,489 (3,313) Cash and cash equivalents at the beginning of the period 352,176 333,687 321,531 ------- ------- ------- Cash and cash equivalents at the end of the period $353,212 $352,176 $318,218 ======== ======== ======== Supplemental disclosures of cash flow information: Cash paid for interest $25,134 $11,626 $27,546 ======= ======= ======= Cash paid for income taxes $28 $1,011 $0 === ====== === Addition of capital lease obligation $7,266 $0 $0 ====== === === Supplemental information to reconcile capital expenditures: Capital expenditures per cash flow statement $66,159 $72,868 $59,637 Addition of capital lease obligation 7,266 0 0 ----- --- --- Total capital expenditures $73,425 $72,868 $59,637 ======= ======= ======= (1) For complete financials and related footnotes, please refer to the Company's SEC filings. tw telecom inc. Selected Operating Statistics Unaudited (1) Three Months Ended ------------------ 2008 2009 ---- ---- Mar. 31 Jun. 30 Sept. 30 Dec. 31 Mar. 31 ------- -------- -------- ------- ------- Operating Metrics: ------------------ Route Miles Metro 19,009 19,235 19,477 19,843 20,039 Regional 6,921 6,921 6,922 6,922 6,922 ----- ----- ----- ----- ----- Total 25,930 26,156 26,399 26,765 26,961 Buildings (2) Fiber connected buildings, on-net 8,587 8,810 9,109 9,422 9,685 Networks Class 5 Switches 70 69 69 68 68 Soft Switches 36 36 36 36 36 Headcount Total Headcount 2,883 2,890 2,827 2,844 2,853 Sales Associates 511 517 485 485 486 Customers Total Customers 31,200 30,663 30,006 29,672 29,256 (1) For complete financials and related footnotes, please refer to the Company's SEC filings. (2) Fiber connected buildings (e.g. "on-net") represents locations to which the Company's fiber network is directly connected.

Photo: http://www.newscom.com/cgi-bin/prnh/20080626/LATH527LOGO
http://www.newscom.com/cgi-bin/prnh/20090511/LA14648
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com tw telecom inc.

CONTACT: Investor Relations, Carole Curtin, +1-303-566-1000,
carole.curtin@twtelecom.com, or Media Relations, Bob Meldrum, +1-303-566-1354,
bob.meldrum@twtelecom.com, both of tw telecom

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

ParkerVision Reports First Quarter 2009 Results

JACKSONVILLE, Fla., May 11 /PRNewswire-FirstCall/ -- ParkerVision, Inc. , a developer and marketer of semiconductor technology solutions for wireless applications, announced a net loss from continuing operations for the first quarter of $5.1 million, or $.18 per share compared to a net loss of $4.9 million or $.19 per share during the first quarter of 2008.

The increase in net loss was the result of a $0.8 million increase in non-cash share-based compensation expense offset by a $0.6 million net decrease in other operating expenses from the first quarter of 2008 when compared to the first quarter of 2009. The increase in share-based compensation expense was a result of long-term equity incentive awards granted to executives and other employees in mid 2008 which are recognized and expensed over the three year life of the awards. The decrease in other net operating expenses was primarily the result of a decrease in outside engineering and other consulting fees as we completed certain development programs late in 2008, as well as other cost reduction measures put in place by the company early in 2009.

These cost reductions are also evidenced by a decrease in the company's use of cash for operations for the quarter ended March 31, 2009 when compared to the same period in 2008. The company used approximately $3.4 million in cash for operating and investing activities in the first quarter of 2009, as compared to approximately $3.9 million for the same period in 2008.

The company also received net proceeds of approximately $9.4 million in the first quarter of 2009 from offerings under its shelf registration statement and ended the first quarter of 2009 with approximately $10.8 million in cash and $10 million in working capital. Subsequent to the end of the quarter, the company received $0.4 million in proceeds from the sale of additional shares pursuant to an overallotment option from these offerings.

Chairman and Chief Executive Officer, Jeffrey Parker commented, "We continue to make meaningful progress with our existing customers with a focus on generating the first revenue dollars from those relationships over the coming months. Many of our activities this past quarter have been centered on the support of our customers in their setup for volume manufacturing. We believe the results of these activities, combined with the strength of our intellectual property portfolio, position us favorably for both near and longer term growth."

The company will host a live broadcast of its first quarter 2009 financial results via conference call on May 11, 2009 at 4:30 PM Eastern time. The conference call will be accessible by telephone at 877-548-7914 (no passcode required) and participants are advised to dial-in at least five minutes before the scheduled start time. The replay of the conference call will be available for seven days by telephone at 719-457-0820 or (888) 203-1112 using passcode 5352214 and accessible by webcast via the Internet at http://www.parkervision.com/ for a period of 90 days.

About ParkerVision

ParkerVision, Inc. designs, develops and sells its proprietary RF technologies which enable advanced wireless communications for current and next generation mobile communications networks. Its solutions for wireless transfer of radio frequency (RF) waveforms enable significant advancements in wireless products, addressing the needs of the cellular industry for efficient use of power, reduced cost and size, greater design simplicity and enhanced performance in mobile handsets as the industry migrates to next generation networks. ParkerVision is headquartered in Jacksonville, Florida. (PRKR-I)

Safe Harbor Statement

This press release contains forward-looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties which are disclosed in the Company's SEC reports, including the Form 10K for the year ended December 31, 2009 and the Form 10Q for the quarter ended March 31, 2009. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

Summary of Results of Operations (unaudited) Three Months Ended (in thousands, except per share amounts) March 31, 2009 2008 Revenue, net $- $- Cost of goods sold - - Gross margin - - Research and development 3,000 2,953 Marketing and selling 615 650 General and administrative 1,564 1,440 Total operating expense 5,179 5,043 Interest and other 38 141 Net loss $(5,141) $(4,902) Basic and diluted loss per common share $(0.18) $(0.19) Balance Sheet Highlights (unaudited) (in thousands) March 31, December 31, 2009 2008 Cash and cash equivalents $10,792 $4,815 Other current assets 658 855 Property and equipment, net 1,064 1,377 Other assets, net 10,890 10,929 Total assets $23,404 $17,976 Current liabilities $1,458 $1,627 Deferred rent 210 239 Shareholders' equity 21,736 16,110 Total liabilities and shareholders' equity $23,404 $17,976

ParkerVision, Inc.

CONTACT: Paul Henning of Cameron Associates, +1-212-245-8800,
paul@cameronassoc.com; or Carolyn Wrenn of ParkerVision, Inc., 1-888-690-7110,
cwrenn@parkervision.com

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

Zilog Announces Fourth Quarter and Fiscal 2009 Financial Results

SAN JOSE, Calif., May 11 /PRNewswire-FirstCall/ -- Zilog(R), Inc. a trusted supplier of application specific, embedded system-on-chip (SoC) solutions for industrial and consumer markets, today reported financial results for its three and twelve month fiscal periods ended March 31, 2009.

On February 18, 2009, the company announced the sale of its universal remote control and secured transaction processor businesses to Maxim Integrated Products, Inc. (Maxim) and Universal Electronics Inc. (UEI) for approximately $31 million in cash including $3.1 million held in escrow. As a result, the company's financial statements have been restated to reflect the activities of these businesses prior to its sale as discontinued operations. Additionally, a gain on sale of $21.6 million was recorded.

Net sales for the fiscal fourth quarter were $7.0 million, primarily consisting of microcontroller products. Net sales for the fourth fiscal quarter declined sequentially by 22 percent and were within the previously announced sales guidance range. Fourth quarter fiscal 2009 net sales compared to $10.1 million in net sales for the fourth quarter a year ago, a decline of 31 percent. Fourth quarter sales reflected lower overall demand as a result of the continued global economic slowdown. This, coupled with the traditional seasonal market slow-down, negatively impacted sales both in the consumer and industrial application markets.

GAAP net income for the fourth quarter ended March 31, 2009, was $12.2 million, or 71 cents per share, including the gain on sale. This GAAP net income for the quarter compares to a GAAP net loss in the previous quarter of $5.7 million, or 33 cents per share, and a GAAP net loss of $1.9 million, or 11 cents per share, in the fourth quarter a year ago. The GAAP net income for the 2009 fiscal fourth quarter included special charges of $3.5 million reflecting severance associated with workforce reductions, office closure costs and tangible and intangible asset write-offs. Special charges were $1.7 million in the previous fiscal quarter and $0.5 million in the fourth quarter of fiscal 2008. Additionally, the Q4 fiscal 2009 GAAP net income included a net loss from discontinued operations of $3.8 million, including $3.1 million in charges associated with license write-offs.

"The collapse of global demand in fiscal 2009 was arguably unprecedented and created economic challenges for all. Even in this uninviting environment, we made progress in our ongoing strategic review process with the successful completion of the sale of our universal remote control and secured transaction businesses. This has in essence been a milestone year for us as we completed the right-sizing of the company, improved our financial strength and continued to expand our product portfolio," said Darin Billerbeck, Zilog's Chief Executive Officer. "We enter fiscal 2010 financially solid and strategically focused. We are aligned to our traditional core microcontroller business. At the same time, we are excited with our opportunities to leverage our technologies and market knowledge into higher level system solutions. This should position us well as the global economy emerges from the current worldwide recession."

For the fiscal year ended March 31, 2009, sales were $36.2 million as compared to $44.6 million for the comparable period a year ago. GAAP net income for the fiscal year ended March 31, 2009, was $3.2 million or 19 cents per share as compared to a GAAP net loss of $9.3 million or 55 cents per share for the comparable 2008 fiscal year. The improvement in profitability reflects lower revenue and margins offset by lower overall operating expenses and the gain on sale.

The company expects net sales for its 2010 fiscal first quarter ending June 27, 2009, to be relatively consistent with the fiscal fourth quarter 2009 levels.

NON-GAAP FINANCIAL INFORMATION (Unaudited)

The Company may make reference to certain Non-GAAP financial measures. Management believes that these Non-GAAP measures are useful measures of operating performance and liquidity because they may exclude the impact of certain items, such as amortization of intangible assets, stock-based compensation, depreciation, non-operating interest, income taxes and special charges. However, these Non-GAAP measures should be considered in addition to, not as a substitute for, or superior to, net income (loss) and net cash provided by (used in) operating activities, or other financial measures prepared in accordance with GAAP.

Three Months Ended Mar. 31, Dec. 27, Sep. 27, Jun. 28, Mar. 31, 2009 2008 2008 2008 2008 (in thousands) Reconciliation of Non-GAAP Net Loss to GAAP Net Loss Non-GAAP net loss from continuing operations ($1,767) ($2,888) ($2,545) ($2,382) ($3,001) Non-GAAP adjustments: Special charges and credits 3,479 1,696 554 590 511 Amortization of intangible assets 174 209 209 209 209 Non-cash stock-based compensation COS 21 44 30 42 35 Non-cash stock-based compensation R&D (24) 126 47 72 36 Non-cash stock-based compensation SG&A 201 297 211 257 (205) Total non-GAAP adjustments 3,851 2,372 1,051 1,170 586 GAAP Net loss from continuing operations (5,618) (5,260) (3,596) (3,552) (3,587) Non-GAAP Net Loss (Unaudited)

Non-GAAP net loss excludes special charges and non-cash charges relating to the amortization of intangible assets and stock-based compensation. We believe that Non-GAAP net loss is a useful measure as it excludes certain special charge items as well as certain non-cash charges, which facilitates a comparison of the Company's operating performance. However, this Non-GAAP measure should be considered in addition to, not as a substitute for, or superior to, the net loss measured in accordance with GAAP.

Three Months Ended Mar. 31, Dec. 27, Sep. 27, Jun. 28, Mar. 31, 2009 2008 2008 2008 2008 (in thousands) Reconciliation of Net Loss and Cash Flows From Operating Activities to EBITDA Reconciliation of net loss to EBITDA: Net loss from continuing operations ($5,618) ($5,260) ($3,596) ($3,552) ($3,587) Depreciation and amortization 626 675 687 645 723 Interest income (4) (24) (49) (70) (155) Provision for income taxes (2) 67 62 54 78 EBITDA from continuing operations ($4,998) ($4,542) ($2,896) ($2,923) ($2,941) Reconciliation of EBITDA to net cash provided by (used in) operating activities: EBITDA ($4,998) ($4,542) ($2,896) ($2,923) ($2,941) Provision for income taxes 2 (67) (62) (54) (78) Interest income (4) (24) (49) (70) (155) Non-cash stock-based compensation 198 467 288 371 (134) Loss on disposition of operating assets 985 11 - 34 78 Changes in other operating assets and liabilities (4,295) (716) (706) 4,056 (384) Net cash provided by (used in) continuing operating activities ($8,112) ($4,871) ($3,425) $1,414 ($3,614) Non-GAAP EBITDA (Unaudited)

Management believes that Non-GAAP EBITDA ("EBITDA"), that is Earnings or loss Before Interest, Taxes, Depreciation and Amortization, is a useful measure of financial performance. We believe that the disclosure of EBITDA helps investors more meaningfully evaluate our liquidity position by the elimination of non-cash related items such as depreciation and amortization. We believe that our investor base regularly uses EBITDA as a measure of the liquidity of our business. Our management uses EBITDA as a supplement to cash flows from operations as a way to assess the cash generated from our business available for capital expenditures and the servicing of other requirements including working capital.

Three Months Ended Mar. 31, Dec. 27, Sep. 27, Jun. 28, Mar. 31, 2009 2008 2008 2008 2008 (in thousands) Reconciliation of Net Loss and Cash Flows From Operating Activities to Adjusted EBITDA Reconciliation of net loss to Adjusted EBITDA: Net loss from continued operations ($5,618) ($5,260) ($3,596) ($3,552) ($3,587) Depreciation and amortization 626 675 687 645 723 Interest income (4) (24) (49) (70) (155) Provision for income taxes (2) 67 62 54 78 Special charges and credits 3,479 1,696 554 590 511 Non-cash stock-based compensation 198 467 288 371 (134) Adjusted EBITDA ($1,321) ($2,379) ($2,054) ($1,962) ($2,564) Reconciliation of Adjusted EBITDA to net cash provided by (used in) operating activities: Adjusted EBITDA ($1,321) ($2,379) ($2,054) ($1,962) ($2,564) Special charges and credits (3,479) (1,696) (554) (590) (511) Provision for income taxes 2 (67) (62) (54) (78) Interest income (4) (24) (49) (70) (155) Loss on disposition of operating assets 985 11 - 34 78 Changes in other operating assets and liabilities (4,295) (716) (706) 4,056 (384) Net cash provided by (used in) operating activities ($8,112) ($4,871) ($3,425) $1,414 ($3,614) Non-GAAP Adjusted EBITDA (Unaudited)

EBITDA reflects our Earnings or loss Before Interest, Taxes, Depreciation and Amortization. Additionally, management uses separate "Adjusted EBITDA" calculations for purposes of determining certain employees' incentive compensation and, subject to meeting specified Adjusted EBITDA amounts, for accelerating the vesting of EBITDA-linked stock options. Adjusted EBITDA, as we define it, excludes interest, income taxes, effects of changes in accounting principles and non-cash charges such as depreciation, amortization, in-process research and development, and stock-based compensation expense. It also excludes cash and non-cash charges associated with reorganization items and special charges and credits, which represent operational restructuring charges, including asset write-offs, employee termination costs, relocation costs and lease termination costs. Adjusted EBITDA also excludes changes in operating assets and liabilities, which are included in net cash provided by (used in) operating activities. Our management uses Adjusted EBITDA as a supplement to cash flows from operations as a way to assess the cash generated from our business available for capital expenditures and the servicing of other requirements including working capital. This Non-GAAP Adjusted EBITDA measure allows management to monitor cash generated from the operations of the business. However, this Non-GAAP measure should be considered in addition to, not as a substitute for, or superior to, net loss and net cash provided or used in operating activities prepared in accordance with GAAP.

About Zilog, Inc.

Zilog is a trusted supplier of application specific, embedded system-on-chip (SoC) solutions for the industrial and consumer markets. From its roots as an award-winning architect in the microprocessor and microcontroller industry, Zilog has evolved its expertise beyond core silicon to include SoCs, single board computers, application specific software stacks and development tools that allow embedded designers quick time to market in areas such as energy management, monitoring and metering and motion detection. For more information, visit http://www.zilog.com/. EZ80ACCLAIM!, Zilog, Z8, Z80, eZ80, Z8 ENCORE!, Encore!XP and Zneo are registered trademarks of Zilog, Inc. in the United States and in other countries.

Other product and or service names mentioned herein may be trademarks of the companies with which they are associated.

Cautionary Statements

This release contains forward-looking statements (including those related to its expectations for the June 2009 quarter and the minimum revenue from which we can generate positive adjusted EBITDA) relating to expectations, plans or prospects for the company that are based upon the current expectations and beliefs of the company's management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, continued global economic weakness or reduction in demand for the company's more mature 8-bit classic products could negatively impact its June 2009 quarter or fiscal 2010 annual results. Unforeseen expenses, price increases from suppliers and an inability to achieve volume discounts could impact our ability to achieve or sustain short or long term positive adjusted EBITDA on our current revenue levels.

Notwithstanding changes that may occur with respect to customer matters relating to the forward-looking statements, the company does not expect to, and disclaims any obligation to update such statements until release of its next quarterly earnings announcement or in any other manner. The company, however, reserves the right to update such statement, or any portion thereof, at any time for any reason.

The financial information presented herein is unaudited and is subject to change as a result of subsequent events or adjustments, if any, arising prior to the filing of the Company's Form 10-K for the fiscal year ended March 31, 2009.

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 for the fiscal year ended March 31, 2008, and any subsequently filed reports. All documents also are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at http://www.sec.gov/ or from the Company's website at http://www.zilog.com/

Contact: Daniel Francisco Francisco Group Zilog Communications (916) 812-8814 Source: Zilog, Inc. http://www.zilog.com/ Zilog, Inc. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands except per share data and percentages) Three Months Ended Twelve Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2009 2008 2009 2008 Net sales $ 7,044 $ 10,138 $ 36,157 $ 44,644 Cost of sales 4,379 5,884 21,815 25,035 Gross margin 2,665 4,254 14,342 19,609 Gross margin % 38% 42% 40% 44% Operating expenses: Research and development 1,117 2,307 6,265 8,296 Selling, general and administrative 3,442 4,760 19,353 19,269 Special charges and credits 3,479 511 6,318 1,974 Amortization of intangible assets 174 209 801 961 Total operating expenses 8,212 7,787 32,737 30,500 Operating loss (5,547) (3,533) (18,395) (10,891) Other income: Other income (expense) (77) (131) 403 (350) Interest income 4 155 148 819 Loss before provision for income taxes (5,620) (3,509) (17,844) (10,422) Provision for income taxes (2) 78 181 863 Net loss from continuing operations $ (5,618) $ (3,587) $(18,025) $(11,285) Net income (loss) from discontinued operations (3,826) 1,645 (384.0) 1,994 Gain on sale of discontinued operations, net of tax 21,606 - 21,606 - Net income (loss) $ 12,162 $ (1,942) $ 3,197 $ (9,291) Basic and diluted net loss per share $ 0.71 $ (0.11) $ 0.19 $ (0.55) Weighted-average shares used in computing basic and diluted net loss per share 17,171 16,923 17,111 16,893 Zilog, Inc. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) March 31, March 31, 2009 2008 ASSETS Current assets: Cash and cash equivalents $ 32,230 $ 16,625 Accounts receivable, net 1,698 2,203 Inventories 4,022 6,908 Deferred tax asset 10 263 Prepaid expenses and other current assets 5,995 1,266 Current assets associated with discontinued operations 960 6,533 Total current assets 44,915 33,798 Long term investments 1,100 1,925 Property, plant and equipment, net 2,347 4,594 Goodwill 2,211 2,211 Intangible assets, net - 2,528 Other assets 1,079 581 Non current assets associated with discontinued operations - 2,203 Total assets $ 51,652 $ 47,840 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short term debt $ 346 $ 720 Accounts payable 4,368 5,508 Income taxes payable 195 513 Accrued compensation and employee benefits 1,349 2,312 Other accrued liabilities 2,550 2,086 Deferred income 8,024 5,571 Current liabilities associated with discontinued operations 1,256 2,733 Total current liabilities 18,088 19,443 Deferred tax liability 10 263 Other non-current tax liabilities 1,928 1,255 Total liabilities 20,026 20,961 Stockholders' equity: Common stock 186 185 Additional paid-in capital 127,436 125,838 Treasury stock (7,563) (7,456) Other comprehensive income 173 102 Accumulated deficit (88,606) (91,790) Total stockholders' equity 31,626 26,879 Total liabilities and stockholders' equity $ 51,652 $ 47,840 Zilog, Inc. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Twelve Months Ended Mar. 31, Mar. 31, 2009 2008 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss from continuing operations $ (18,025) $ (11,285) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 1,832 2,115 Disposition of operating assets 1,032 318 Non-cash stock-based compensation 1,324 713 Amortization of fresh-start intangible assets 801 961 Impairment of intangible assets 1,727 - Changes in operating assets and liabilities: Accounts receivable, net 505 1,293 Inventories 759 901 Prepaid expenses and other current and non-current assets (5,160) 1,925 Accounts payable (1,140) 157 Accrued compensation and employee benefits (963) (418) Deferred income 2,453 (1,392) Accrued and other current and non-current liabilities (138) (808) Net cash provided by (used in) operating activities (14,993) (5,520) Net cash provided by discontinued operating activities 6,066 3,901 CASH FLOWS FROM INVESTING ACTIVITIES: Disposal of assets held for sale - MOD II property - 3,237 Proceeds from sale of discontinued businesses, net of transaction costs 24,695 - Redemption of long term investments 825 - Investment in long term securities - (1,925) Capital expenditures (626) (1,299) Net cash provided by (used in) investing activities 24,894 13 Net cash used in discontinued investing activities - (2,076) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from short term debt 660 720 Payments on short term debt (1,034) - Repurchase of restricted shares (54) (282) Proceeds from issuance of common stock under employee stock purchase and stock option plans 116 470 Net cash provided by (used in) financing activities (312) 908 Net cash provided by (used in) discontinued financing activities (50) 9 Increase (decrease) in cash and cash equivalents 15,605 (2,765) Cash and cash equivalents at beginning of period 16,625 19,390 Cash and cash equivalents at end of period 32,230 16,625 Zilog, Inc. SELECTED UNAUDITED TRENDED FINANCIAL INFORMATION (Amounts in thousands except percentages, selected key metrics and per share amounts) Three Months Ended Mar. 31, Dec. 27, Sep. 27, Jun. 28, Mar. 31, 2009 2008 2008 2008 2008 Sales & Expenses Information: Net sales $7,044 $9,035 $10,474 $9,604 $10,138 Cost of sales 4,379 6,091 6,086 5,259 5,884 Gross margin 2,665 2,944 4,388 4,345 4,254 Gross margin % 38% 33% 42% 45% 47% Operating expenses: Research and development 1,117 1,657 1,757 1,733 2,307 Selling, general and administrative 3,442 4,696 5,723 5,492 4,760 Special charges and credits 3,479 1,696 554 590 511 Amortization of intangible assets 174 209 209 209 209 Total operating expenses 8,212 8,258 8,243 8,024 7,787 Operating loss (5,547) (5,314) (3,855) (3,679) (3,533) Interest income 4 24 49 70 155 Other income (expense) (77) 97 272 111 (131) Loss before provision for income taxes (5,620) (5,193) (3,534) (3,498) (3,509) Provision for income taxes (2) 67 62 54 78 Net loss from continuing operations (5,618) (5,260) (3,596) (3,552) (3,587) Net profit (loss) from discontinued operatons (3,826) (408) 2,039 1,811 1,645 Gain (loss) from sale of discontinued oprations, net of tax 21,606 - - - - Net profit (loss) $12,162 ($5,668) ($1,557) ($1,741) ($1,942) Weighted average basic and diluted shares 17,171 17,071 16,949 16,948 16,923 Basic and diluted net loss per share $0.71 ($0.33) ($0.09) ($0.10) ($0.11) Net Sales Information: Net Sales - by channel Direct $1,536 $1,625 $2,404 $1,629 $2,056 Distribution 5,508 7,410 8,070 7,975 8,082 Total net sales $7,044 $9,035 $10,474 $9,604 $10,138 Net Sales - by region America's $2,975 $3,569 $3,783 $3,961 $4,194 Asia (including Japan) 2,571 4,046 4,899 3,563 4,071 Europe 1,498 1,420 1,792 2,080 1,873 Total net sales $7,044 $9,035 $10,474 $9,604 $10,138 Selected Key Metrics (as defined in our Form 10-Q and 10-K) Days sales outstanding 35 39 34 37 37 Net sales to inventory ratio (annualized) 7.0 8.0 7.5 5.9 5.9 Current ratio 2.5 1.5 1.6 1.5 1.7 Other Selected Financial Metrics Depreciation and amortization (excluding intangibles) $452 $466 $478 $436 $514 Amortization of fresh-start intangibles $174 $209 $209 $209 $209 Stock based compensation $198 $467 $288 $371 ($134) Capital expenditures $107 $82 $78 $359 $403 Cash and cash equivalents $32,230 $13,560 $16,899 $17,829 $16,625 Long term investments $1,100 $1,300 $1,450 $1,500 $1,925 Cash and long term investments $33,330 $14,860 $18,349 $19,329 $18,550 Short term debt $346 $693 $1,039 $1,385 $720 Cash and long term investments, net of debt $32,984 $14,168 $17,310 $17,944 $17,830

Zilog, Inc.

CONTACT: Daniel Francisco of Francisco Group for Zilog Communications,
+1-916-812-8814

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

Delta Air Lines Completes Wi-Fi Installation on Nearly Half of its Domestic FleetNo other airline in the world has more Wi-Fi equipped airplanes

ATLANTA, May 11 /PRNewswire-FirstCall/ -- Delta Air Lines today announced that it has installed Wi-Fi on nearly half of its domestic mainline fleet, making the airline the world's leading provider of in-flight connectivity. Of the more than 300 airplanes Delta operates on U.S. routes, 139 are equipped with Gogo(R) Inflight Internet, including the entire MD-88 fleet. In addition, the MD-90 fleet will be complete by the end of May with the remainder of the domestic fleet scheduled for completion by September. Delta offers more Wi-Fi onboard than any airline worldwide.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090202/DELTALOGO)

"In response to the interests of our customers, Delta is the market leader in providing in-flight Wi-Fi and is well on its way to offering guaranteed Wi-Fi every time our customers fly a mainline flight within the continental United States," said Tim Mapes, Delta's senior vice president - Marketing. "We are fully committed to investing in innovative on-board technology that adds value for our customers be it in the form of seat-back satellite TV, on-demand movies or now Wi-Fi."

Delta made a commitment last year to equip its entire domestic fleet with Wi-Fi, allowing more travelers to use their electronic devices on airplanes to surf the Internet, access e-mail and send instant messages. The airline later expanded its installation plans to include approximately 200 pre-merger Northwest airplanes which are slated for completion next year. Once complete, Delta will have more than 500 aircraft offering Wi-Fi.

In addition to the MD-88s, Wi-Fi is now available on select 757-200s and MD-90s. Service is offered in both First and Economy class on a pay-per-flight basis. The cost of Wi-Fi access on a single Delta flight ranges from $7.95-$12.95. In June, customers also will be able to purchase month-long, unlimited use passes.

On the ground, Delta has expanded free Wi-Fi access to include all visitors to Delta Sky Club lounges within the United States. Effective immediately, access cards formerly provided in pre-merger Delta lounges are no longer necessary to access Wi-Fi networks in Delta Sky Clubs.

Delta Air Lines is the world's largest airline. From its hubs in Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-JFK, Salt Lake City, Paris-Charles de Gaulle, Amsterdam and Tokyo-Narita, Delta, its Northwest subsidiary and Delta Connection carriers offer service to 370 destinations in 66 countries and serve more than 170 million passengers each year. Delta's marketing alliances allow customers to earn and redeem either SkyMiles or WorldPerks on more than 16,000 daily flights offered by SkyTeam and other partners. Delta's more than 70,000 employees worldwide are reshaping the aviation industry as the only U.S. airline to offer a full global network. Customers can check in for flights, print boarding passes, check bags and flight status at delta.com.

Photo: http://www.newscom.com/cgi-bin/prnh/20090202/DELTALOGO Delta Air Lines

CONTACT: Delta Corporate Communications, +1-404-715-2554

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

Citysearch Introduces VeggieThing for Vegan GourmandsDiscover the Country's Best Meatless Eats!

WEST HOLLYWOOD, Calif., May 11 /PRNewswire/ -- Citysearch, a leading online local guide and an operating business of IAC , today introduces VeggieThing, a new lookbook blog to celebrate the country's most unique vegan dishes like Mock Duck Spring Rolls, Porcini-Crusted Tofu Benedict, Vegan Doughnuts, Tofu Cheesecake and Black Sesame Sweet Tofu.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090511/AQ14791) (Logo: http://www.newscom.com/cgi-bin/prnh/20081119/LAW061ALOGO-b)

"VeggieThing is really a forum for happy herbivores to meet and share their favorite foods with each other," said Robert Moritz, VP of Content, Citysearch. "It's also a place for non-vegans to come and discover the growing array of delicious meatless dishes that more and more restaurants around the country are adding to their menus."

Whether its vegan afternoon tea in Chicago or jackfruit "carnitas" tacos in Los Angeles, vegans unite at VeggieThing with a common goal: scour local neighborhood restaurants across the country to find, photograph and submit the yummiest animal-friendly foods. The photos are reviewed by the "VeggieThing Dictators" -- Citysearch editors and foodie bloggers who provide commentary on their favorite submissions. Users can search by city and cuisine and share their favorites with friends.

VeggieThing is the newest blog launch in a series from Citysearch of consumer trend lookbooks. The first blog, MopShots, debuted in February highlighting the best hair salons and styles from across the country. LuckyToes -- all about shoes -- launched in March, followed by 3BuckBites (featuring the best gourmet cheap eats in US cities) and SugarBomber.com, a visual guide for the sweet tooth obsessed!

Visit VeggieThing by Citysearch now! You can also find us on Twitter and Facebook. About VeggieThing

VeggieThing.com is the latest go-to guide and lookbook from Citysearch featuring the country's most delicious vegan gourmands. Users submit photos of their favorite non-dairy and meatless delights. In exchange, the best ones are featured on the site and shared with fellow vegans. For more information, visit: http://www.veggiething.com/.

About Citysearch

Citysearch is the essential online local guide for living bigger, better and smarter in your city and neighborhood. Combining in-the-know editorial recommendations, candid user comments, and expert advice from local businesses, Citysearch offers a balanced perspective to keep people connected to the most popular and undiscovered places in over 75,000 destinations worldwide. Citysearch is an operating business of IAC . For more information, visit: http://www.citysearch.com/.

Press Contact: Nicole Myden NMPR (310) 502.9921 nicolemydenpr@yahoo.com

Photo: http://www.newscom.com/cgi-bin/prnh/20090511/AQ14791
http://www.newscom.com/cgi-bin/prnh/20081119/LAW061ALOGO-b
http://photoarchive.ap.org/
AP PhotoExpress Network: PRN27
PRN Photo Desk, photodesk@prnewswire.com Citysearch

CONTACT: Nicole Myden of NMPR, +1-310-502-9921, nicolemydenpr@yahoo.com,
for Citysearch

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

AT&T Contributes $100,000 to Help San Francisco Students Successfully Transition From Middle School to High SchoolFunding To Support Programs At Gateway High School Designed To Improve High School Success

SAN FRANCISCO, May 11 /PRNewswire-FirstCall/ -- AT&T* today announced a $100,000 contribution to support San Francisco's Gateway High School, a nationally-recognized charter school in the Western Addition that serves a very diverse student population, more than a quarter of which have a learning disability. The contribution was announced this morning during a ceremony at the school's Lisille B. Matheson Theatre.

The funding will support the Freshman Transitions Seminar, reading support, and math-readiness programs to help ensure the academic success and matriculation of incoming Freshman students. The programs reinforce learning skills that are crucial to student success, including understanding school expectations and requirements, and improving students' ability to access and take advantage of school resources. The support programs are helping Gateway High School students successfully transition into, and graduate from, high school.

"At AT&T, our primary area of philanthropic support is education. We believe it's critically important to assure that our young people have the skills they need to be successful in school," said Loretta Walker, AT&T vice president of External Affairs, San Francisco Bay Area. "Because, in today's troubled economy, it is even more crucial that American students are skilled, knowledgeable and ready to hit the ground running when they graduate. Kids who are successful in school are successful in life."

Gateway High School has been recognized as one of eight exemplary charter schools in the country in the book, Charter High Schools Closing the Achievement Gap: Innovations in Education, and is recognized as a model, college preparatory school. The school serves students from over 100 middle schools, with a diverse student population reflective of San Francisco's diversity. Recent student population included 23% African American, 23% Latino, 23% Asian, and 28% White. In addition, more than a third of Gateway students will be the first in their family to attend college.

"Gateway is dedicated to student success - in high school, and beyond," said Sharon Olken, Principal of Gateway High School. "Our mission is to provide a high quality college-preparatory experience and education to a very diverse group of learners, and we couldn't do it without the support of the community, and partners like AT&T."

"Gateway High School is making a real difference in the lives of underserved young people in our city," said San Francisco Supervisor Ross Mirkarimi. "I'm proud that the school's innovative programs designed to ensure the success of their students have been recognized nationally. Congratulations to the school for this tremendous accomplishment, and to AT&T for their generous support."

In the Fall of 2008, AT&T announced its signature initiative, AT&T Aspire, to help address high school success and workforce readiness. AT&T has committed $100 million in philanthropy through 2011 to schools and nonprofit organizations that are focused on high school retention and better preparing students for college and the workforce. AT&T has awarded 35 Aspire grants totaling more than $3.5 million in California, including more than $1.4 million for educational organizations in the San Francisco Bay Area.

About Philanthropy at AT&T

AT&T Inc. is committed to advancing education, strengthening communities and improving lives. Through its philanthropic initiatives and partnerships, AT&T supports projects that create learning opportunities; promote academic and economic achievement; and address community needs. In 2007, AT&T contributed more than $164 million through corporate-, employee- and AT&T Foundation-giving programs. AT&T and the AT&T Foundation, the corporate philanthropy organization of AT&T, combine more than $1.9 billion of historic charitable commitment to communities across the country.

About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE(R) magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

(C) 2009 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.

AT&T Inc.

CONTACT: H. Gordon Diamond of AT&T Inc., +1-415-778-1230,
hgdiamond@att.com

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

Thomson Reuters Powers Multimedia Experience on Smartphones

NEW YORK and LONDON, May 11 /PRNewswire/ --

Thomson Reuters launches new mobile applications for the iPhone and BlackBerry, to better serve its audience of global, on-the-go business professionals. Following are two news releases detailing each application separately.

Thomson Reuters Launches Multimedia Application on Apple App Store

NEW YORK and LONDON, May 11 -- Thomson Reuters today announced the availability of a new mobile application on the Apple App Store. The app lets iPhone and iPod touch users pull from the depth and breadth of Thomson Reuters multimedia content including the latest breaking news, updated stream of award-winning photographs, video coverage, financial charting, customized market data and company profiles. As part of its commitment to multimedia, the organization has been investing in the mobile space since the late 1990s, experimenting with product development and monetization models.

"We learned a lot of lessons over the last two decades - the most important of which is to focus on delivering great user experiences," said Chris Ahearn, president of media for Thomson Reuters. "This app for iPhone and iPod touch is an excellent way to give our business professional audience convenient access to Reuters content anytime, anyplace."

The app was designed to leverage many of the revolutionary capabilities of iPhone and iPod touch for a better user experience. Designed with a professional commuter audience in mind, the app also allows offline browsing.

"Rather than merely talking about innovation, we are actually putting substantial resources behind experimentation and development of new multimedia products for innovative devices and platforms", said Ahearn. "This application is another way we provide our content across multiple platforms, enabling our business professional audience to access to Thomson Reuters content anytime, anyplace and anyway."

The application is currently available for free from Apple's App Store on iPhone and iPod touch or at http://reuters.com/iphone.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (Nasdaq: TRIN). For more information, go to www.thomsonreuters.com.

Thomson Reuters Powers Multimedia Experience on BlackBerry Smartphones

NEW YORK and LONDON, May 11 -- Thomson Reuters launches new mobile application for BlackBerry(R) smartphones to better serve its audience of global, on-the-go business professionals. As part of its commitment to multimedia, the organization has been investing in the mobile space since the late 1990s, experimenting with product development and monetization models.

"We learned a lot of lessons over the last two decades - the most important of which is to focus on customizing the experience for the end-user," said Chris Ahearn, president of media for Thomson Reuters. "With a renewed commitment to mobile solutions, we have relied on our experience to develop what our customers truly want and this is only a taste of what is to come."

The new application for BlackBerry smartphones pulls from the depth and breadth of Thomson Reuters multimedia content including customized business news, award-winning photography optimized for the mobile device, market data by region, company profiles, and personalized stock tabs. Designed with a professional commuter audience in mind, the application also allows offline browsing.

"Rather than merely talking about innovation, we are actually putting substantial resources behind experimentation and development of new multimedia products for innovative devices and platforms," said Ahearn. "This application is another way we provide our content across multiple platforms, enabling our business professional audience to access to Thomson Reuters content anytime, anyplace and anyway."

The application is currently available in the English language for the US, UK, Canada and India.

Please visit http://reuters.com/bb to download this free application. It will also soon be available for download on BlackBerry App World(TM) at www.blackberry.com/appworld.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (Nasdaq: TRIN). For more information, go to www.thomsonreuters.com.

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.

Thomson Reuters

Erin Kurtz, Head of PR - Media Group, Thomson Reuters, +1-646-223-8149, erin.kurtz@thomsonreuters.com

eWorld UpdateeWorld Companies, Inc. Responds to Allegations of Previous Counsel

LOS ANGELES, May 11 /PRNewswire-FirstCall/ -- Henning Morales, Chairman and CEO of eWorld Companies, Inc. (Pink Sheets: EWRC.PK), has issued the following response to recent allegations made by Barry K. Rothman, the company's previous counsel. "The law offices of Barry K. Rothman served as eWorld's Corporate Counsel for eWorld Companies, Inc. for over one year during the formation of the company. Unfortunately, we ended the relationship with Mr. Rothman's firm with a dispute over the amount of a final bill, which has since been negotiated and agreed upon. Although eWorld Companies, Inc. has paid over $110,000 to date to Barry K Rothman, there remains an additional unfulfilled amount due that the company intends to resolve in a timely fashion. eWorld's current attorney continues the discussion and settlement process with the law offices of Barry K. Rothman. We do appreciate our relationship with Barry Rothman and his staff for all the work done. We thank Mr. Rothman and his staff for the guidance and expertise to help our growing company mature. Once we complete our business, we wish Barry Rothman only the best and hope there is a possibility to do business with his firm in the future. The company looks forward to resolving this matter amicably in the short term."

ABOUT EWORLD COMPANIES, INC.

eWorld Companies, Inc. is an online marketing & advertising technologies company that develops and markets cutting edge technologies using rich media, flash, animation and 3D graphics to help individuals and businesses market and advertise on the Internet. eWorld's revenue model consists of seven components: (1) Affiliation Fees; (2) Affiliate Monthly Subscriptions; (3) Affiliate Benefit Subscriptions; (4) Product Sales; (5) Advertising Revenues; (6) Web Development Accounts; and (7) International Licensing Fees.

For more information visit http://www.eworlde.com/ and/or http://www.eworldcompanies.com/ or call (310) 471-7674.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of eWorld Companies, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

eWorld Companies, Inc.

CONTACT: Henning Morales, CEO of eWorld Companies, Inc.,
+1-310-471-7674

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

Mobile Infrastructure Sharing Will Change Company Relationships, New Report FindsInfrastructure sharing will allow mobile network operators to get more from their network assets, says Unstrung Insider

NEW YORK, May 11 /PRNewswire/ -- Infrastructure sharing, though risky, will create new opportunities, allowing mobile network operators to focus on developing and selling services and content, according to the latest report from Unstrung Insider (http://www.unstrung.com/insider), a paid research service from Unstrung (http://www.unstrung.com/) and TechWeb's Light Reading (http://www.lightreading.com/).

Mobile Infrastructure: Keep, Share, Outsource? Operators Ask, Vendors Act analyzes the evolving market for infrastructure sharing, while addressing the growing interest in outsourcing. It focuses on the various types of sharing - RAN, core network, roaming, and spectrum - as well as network managed services and full network outsourcing. It examines the opportunities and challenges of sharing and outsourcing for operators and vendors alike, and covers some of the primary technical and regulatory issues. The report also profiles 11 companies, exploring their strategies for sharing and outsourcing.

For a list of companies analyzed in this report, please see: http://img.lightreading.com/uni/pdf/uni0509_companies.pdf

"Sharing and outsourcing networks is not new in the wireless business," notes John Blau, research analyst with Unstrung Insider and author of the report. "In the early days of 3G network rollouts, sharing towers and some electronics became a hot topic as operators, mostly in Europe, sought ways to save money after spending billions on spectrum licenses."

Network sharing has become more important in operators' overall business model, but it can be a challenge, Blau says. "While it is technically possible for operators to share any amount of equipment, implementing the integration can be complex," he notes. But the challenges may be worth it: "The move away from running networks will create a wealth of opportunity for companies that can help mobile operators squeeze more out of their network assets through infrastructure sharing and see partners to take over and manage their networks."

Key findings of Mobile Infrastructure: Keep, Share, Outsource? Operators Ask, Vendors Act include:

-- Equipment vendors are securing deals for managed services and outsourcing, and are positioning themselves as network service companies. -- Regulators in emerging and developing markets now see real benefits in active and, increasingly, passive infrastructure sharing and encourage cooperation. -- The threat of Internet companies such as Google is a factor for mobile network operators that plan to unload their networks and focus on services. -- The U.S. may not embrace the idea of sharing as network operators still see their networks as a unique selling point.

Mobile Infrastructure: Keep, Share, Outsource? Operators Ask, Vendors Act is available as part of an annual single-user subscription (12 monthly issues) to Unstrung Insider, priced at $1,595. Individual reports are available for $900 (single-user license).

To subscribe, or for more information, please visit: http://www.unstrung.com/insider. For more information on all of Light Reading's Insider services, please visit http://www.lightreading.com/research.

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

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

Founded in 2000, Light Reading (http://www.lightreading.com/) is the leading online media, research, and focused event company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technology and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading's research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces 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 (techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

* 13.3 million business decision-makers: based on # 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/.

Unstrung Insider

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

Web Site: http://www.unstrung.com/insider

Cogent Communications CEO to Present at the 37th Annual JP Morgan Global Technology, Media & Telecom Conference

WASHINGTON, May 11 /PRNewswire-FirstCall/ -- Cogent Communications Group, Inc. , one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent's chief executive officer, will present at the 37th Annual JP Morgan Global Technology, Media and Telecom Conference at 10:40 a.m. ET, May 18th. The conference is being held at The Westin Boston Waterfront.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO )

Investors and other interested parties may access a live audio webcast of the presentation by going to the Investor Relations section of Cogent's website (http://www.cogentco.com/us/ir_events.php) to access the link to the live audio webcast. A replay of the webcast will be available on Cogent's IR website for 90 days following the presentation.

About Cogent Communications

Cogent Communications is a multinational, Tier 1 facilities-based ISP, consistently ranked as one of the top five networks in the world. Cogent specializes in providing businesses with high speed Internet access and point-to-point transport services. Cogent's facilities-based, all-optical IP network backbone provides IP services in over 130 markets located in North America and Europe.

Since its inception, Cogent has unleashed the benefits of IP technology, building one of the largest and highest capacity IP networks in existence. This network enables Cogent to offer large bandwidth connections at highly competitive prices. Cogent also offers superior customer support by virtue of its end-to-end control of service delivery and network monitoring.

Cogent Communications is headquartered at 1015 31st Street, NW, Washington, D.C. 20007. For more information, visit http://www.cogentco.com/. Cogent Communications can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.

Information in this release may involve expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Cogent Communications Group, Inc. as of the date of the release, and we assume no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Some of the factors and risks associated with our business are discussed in Cogent's registration statements filed with the Securities and Exchange Commission and in its other reports filed from time to time with the SEC.

Photo: http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO
http://photoarchive.ap.org/
photodesk@prnewswire.com/ Cogent Communications Group, Inc.

CONTACT: For Public Relations: Travis Wachter, +1-202-295-4217,
twachter@cogentco.com; or Investor Relations: +1-202-295-4212,
investor.relations@cogentco.com

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

American Airlines Introduces a Whole New Approach to Frequent Flyer Award Travel With Launch of One-Way Flex AwardsCustomers Can Combine Various One-Way Awards to Best Meet Travel NeedsLatest Enhancements Add More Options and Flexibility to Award Travel and Expand Award Booking Opportunities on AA.com

FORT WORTH, Texas, May 11 /PRNewswire-FirstCall/ -- American Airlines, which invented the frequent flyer program when it launched the AAdvantage(R) program nearly three decades ago, has further revolutionized award travel by introducing an exciting new feature called "One-Way Flex Awards." One-Way Flex Awards offer a whole new approach to frequent flyer award travel, creating even greater value for AAdvantage members. Customers can get further details on One-Way Flex Awards and view an online demo, at http://www.aa.com/flexawards.

The One-Way Flex feature gives AAdvantage members more options when redeeming award travel, offering - for the first time - the ability to use miles on a one-way basis at half the round-trip mileage requirement. At the same time, American is offering AAdvantage members who travel round trip the ability to combine different types of one-way awards on a single ticket. Therefore, customers may now combine MileSAAver(R) awards with AAnytime(R) awards, or economy class awards with First or Business Class awards, to customize award travel to best meet their needs.

American is the first major domestic airline to offer a one-way award ticket at a true one-way price at just one-half the amount of the required round-trip miles.

With One-Way Flex Awards, there are no changes to AAnytime or MileSAAver mileage requirements - just more options, value and greater flexibility. Customers can now redeem awards on a one-way basis or combine multiple award types on a single round-trip ticket - a true "win-win" for customers.

"Since the AAdvantage program was launched in 1981, American has continuously made improvements that make the program more valuable for our members and ensure our industry leadership position," said Rob Friedman, President - AAdvantage Marketing Programs. "Our One-Way Flex feature takes frequent flyer award travel to a whole new level by offering customers unprecedented options and flexibility."

One-Way Flex Awards

The primary features of American's One-Way Flex Awards, which are available now for award travel on American Airlines, American Eagle or AmericanConnection(R) carriers are:

-- One-Way Flex Awards give AAdvantage members the flexibility to combine different one-way awards on a single itinerary. For instance, a member may travel outbound on an Economy Class MileSAAver award and return on an economy class AAnytime award. Or, a member may choose to travel in different classes of service on a trip, such as traveling outbound in Business or First Class and returning in Economy Class. -- AAdvantage members can now redeem one-way awards at a one-way price. If a member is only traveling one-way, or doesn't have a return date in mind, the member can simply book one-way travel for half the round-trip miles. For example, a customer may fly one-way using a domestic MileSAAver economy class ticket for 12,500 miles - half the amount required for a round-trip domestic award, which currently requires 25,000 miles. -- AAdvantage members may book One-Way Flex Awards by using the newly enhanced, easy-to-read, color-coded availability calendar on AA.com, allowing members to determine the dates, flights and award types that work best for them. Even More Enhancements for Award Travel on AA.com

In addition to introducing One-Way Flex awards, American has enhanced AA.com to make booking AAdvantage award travel online even more convenient. Now, members can:

-- Book multi-city award trips on AA.com, which is especially helpful for members who need to travel to more than one city in a single trip. Customers now can book up to four one-way awards at one time, an expansion from previous capabilities that allowed booking only round-trip travel. Multi-city award booking also allows customers to book travel into one city and return from another. For example, travel to London but return from Paris -- Customers who prefer doing business in Spanish now can book AAdvantage award travel online in Spanish. The new Spanish-language tool is accessed by clicking "Espanol" on the AA.com home page or by accessing one of the country-specific, Spanish-language portals American offers at http://www.aa.com/espanol.

American's innovative changes to the AAdvantage program - made after extensive research and study - coupled with the technology enhancements to AA.com, make redeeming one-way and combinable awards quick, easy and convenient.

"American is blazing the trail with technology solutions that make innovative and customer-friendly enhancements a reality for our customers," said Andrew Watson, American's Vice President - Customer Technology. "Our customers asked for more options, flexibility and speed when shopping and booking award travel on AA.com, and that's just what we've delivered. Our commitment is to leverage the most up-to-date technology to meet and exceed our customers' expectations."

About the AAdvantage Program

The AAdvantage Program was the first and is the world's largest frequent flyer program. Established in 1981, the program now has more than 60 million members. Members can earn miles at more than 1,000 participating companies, which include more than 30 hotel chains representing more than 60 brands, more than 20 airlines, eight car-rental companies, 12 financial companies, and over 250 brand name retailers. In addition, members can earn miles when making purchases with one of more than 100 affinity card products in over 40 countries. In 2008, AAdvantage members redeemed more than 155 billion miles to claim more than 4.8 million awards for flights, upgrades and car rentals. For more information and a listing of AAdvantage program participating companies, visit http://www.aa.com/aadvantage.

About AA.com

With more than 1.6 million site visits per day, AA.com is American's largest distribution channel and the best place to do business online with the airline, 24-7. At AA.com you can conveniently search for and book low fares and award travel; select seats; make hotel, rental car and cruise reservations; get flight arrival and departure information; sign up for flight status notification and even check in and print boarding passes. You can also manage your AAdvantage account at AA.com, as well as sign up to receive emails from American and get customized DealFinder(SM) alerts and other special offers. Additionally, customers who purchase tickets at AA.com get a lowest-fare guarantee. AA.com has twice received the World Travel Award for World's Leading Airline Internet Site and has received multiple site awards from various organizations.

About American Airlines

American Airlines, American Eagle and the AmericanConnection(R) airlines serve 250 cities in 40 countries with, on average, more than 3,400 daily flights. The combined network fleet numbers more than 900 aircraft. American's award-winning Web site, AA.com(R), provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld(R) Alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members serve nearly 700 destinations in over 140 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines, American Eagle, AmericanConnection, AA.com, We know why you fly, AAdvantage, MileSAAver, AAnytime and DealFinder are trademarks of American Airlines, Inc.

AmericanAirlines(R) We know why you fly(R) Current AMR Corp. releases can be accessed on the Internet. The address is http://www.aa.com

American Airlines

CONTACT: Billy Sanez, Corporate Communications, Fort Worth, Texas, of
American Airlines, +1-817-967-1577, corp.comm@aa.com

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

IndoorDIRECT Signs Agreement With Hardee's(R); theBITE Network to Air in 324 LocationsNext phase in indoorDIRECT's national media platform expansion

DALLAS, May 11 /PRNewswire/ -- Indoor Direct, Inc., announced today that it has signed an agreement with Hardee's Food Systems, Inc. to provide its in-store entertainment programming to 324 Hardee's locations beginning this year. The agreement with Hardee's provides advertisers with further exposure to the popular burger chain's 18-34 young and hungry male audience.

IndoorDIRECT produces theBITE Network, a combination of entertainment and advertising tailored to reach the 202 million Americans who visit quick-serve and fast-casual restaurants each month. TheBITE features a new 60-minute lifestyle program every week with four dynamic hosts reporting on news, entertainment, music and sports.

"Hardee's is a company that attracts millions of Americans who crave great burgers, but also are seeking a little entertainment at the same time," said Bill Myers, indoorDIRECT's Co-Founder and Chief Operating Officer. "With the addition of Hardee's, indoorDIRECT will give advertisers further exposure to an important target audience in an environment where they aren't distracted by other media."

IndoorDIRECT's recently announced venture funding of up to $22.5 million to complete the roll-out of its in-store network infrastructure to 1,000 quick-service and fast-casual restaurants nationwide. With that expansion, indoorDIRECT has an initial national media platform of more than 10 million viewers a month in top DMAs.

Known as the company that first raised the quality bar for fast-food hamburgers five years ago with its revolutionary line of charbroiled, 1/3- and 2/3-lb., 100% Black Angus beef Thickburgers(R), Hardee's has established itself as a leader in the quick-serve industry on taste and quality - not simply on size and definitely not on price.

"Hardee's prides itself on giving our customers delicious meals superior in taste and quality that they would expect at restaurants with higher price points," said Steve Lemley, Hardee's vice president of field marketing. "With indoorDIRECT's network in hundreds of our locations, we will exceed our customers' expectations by delivering quality and varied entertainment programming that they weren't expecting when they walked in."

About theBITE Network

IndoorDIRECT creates and produces theBITE Network, which airs on its LCD screens in restaurant dining rooms, providing advertisers with national reach in a highly receptive environment. Four dynamic hosts, selected exclusively for theBITE, report on news, entertainment, music and sports. TheBITE features customized content for a range of interests including music videos, NASCAR updates, college football features and content from providers such as Disney Studios, TNT, MTV and Fox Sports Southwest. TheBITE also features scrolling text with breaking news, sports updates and localized time and weather. Catch the latest from theBITE at http://www.thebitenetwork.com/STREAM.

About indoorDIRECT

IndoorDIRECT is a powerful digital out-of-home media company providing entertainment content to high-volume quick-service and fast-casual restaurant chains across the nation. IndoorDIRECT created theBITE Network -- a combination of entertainment content and advertising tailored to reach the millions of Americans who visit quick-service and fast-casual restaurant chains every month. IndoorDIRECT LCD screens are located in restaurant dining rooms, as well as a promotional board at the point-of-purchase to highlight featured menu items. The promotional network has shown proven results that about 40 percent of the customers are influenced. The company is privately held and has its headquarters in Dallas. More information is available at http://www.indoordirect.com/.

About Hardee's

Celebrating more than 48 years in the quick-service industry, Hardee's Food Systems, Inc. is a wholly owned subsidiary of CKE Restaurants, Inc. of Carpinteria, Calif. As of the fourth fiscal quarter ended January 26, 2009, CKE Restaurants, Inc., through its subsidiaries, had a total of 3,116 franchised, licensed or company-operated restaurants in 42 states and in 14 countries, including 1,195 Carl's Jr. restaurants and 1,908 Hardee's restaurants. For more information, or to find a Hardee's near you, go to http://www.ckr.com/ or http://www.hardees.com/.

Indoor Direct, Inc.

CONTACT: Brandon Smulyan, +1-469-375-0258, Bsmulyan@webershandwick.com,
for Indoor Direct, Inc.

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

Global Axcess Corp Announces Adoption of Stock Repurchase Program

JACKSONVILLE, Fla., May 11 /PRNewswire-FirstCall/ -- Global Axcess Corp (BULLETIN BOARD: GAXC) (the "Company"), an independent provider of ATM solutions, today announced that its Board of Directors has approved a stock repurchase program authorizing the purchase of up to $150,000 of the Company's outstanding common stock. The repurchases will occur monthly, at a price per share of $0.30 or less, over a period of one year. The stock repurchase program will be funded by cash from operations.

Mr. George McQuain, Chief Executive Officer of the Company, stated, "The first quarter of 2009 was a strong quarter for Global Axcess. Through our strategic focus on operational excellence, attention to detail and frugal expense management we have delivered a profitable quarter even with the CAMOFI and Wachovia related write offs. These accomplishments validate the strength and resilience of our operating philosophy.

However, our Board of Directors, our employees and I are not satisfied. We realize that during that same time period our stock price has languished. For that reason, we are focusing on strategies to maximize shareholder value.

Historically, we have done a very good job of reducing costs. To maximize shareholder value we must do more. It is my belief that to maximize shareholder value the Company must grow EBITDA through profitable sales growth while being very prudent in the deployment of our capital.

The key consideration for us is what is the best use of our cash?

In light of this, we are beginning to implement a number of strategic initiatives to maximize shareholder value. Because we believe our stock is undervalued, the first of these initiatives that we are announcing is this stock buyback program."

About Global Axcess Corp

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

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

This press release may contain forward-looking statements. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as: "believes," "expects," "may," "will," "should" or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Various important risks and uncertainties may cause the Company's actual results to differ materially from the results indicated by these forward-looking statements. For a list and description of the risks and uncertainties the Company faces, please refer to Part I, Item 1 of the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 3, 2009, and other filings that have been filed with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, and such statements are current only as of the date they are made.

Global Axcess Corp

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

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

Microsoft Delivers New Wave of Technologies to Help Businesses Thrive in Today's EconomyCompany announces Windows 7 on track for holiday season; Windows Server 2008 R2 RC available today.

LOS ANGELES, May 11 /PRNewswire-FirstCall/ -- Microsoft Tech*Ed North America 2009 kicked off today with announcements of new technologies that enable IT professionals and developers to help their organizations save money and improve efficiencies during difficult economic times. As part of today's news, Microsoft Corp. announced that the company is anticipating that the next version of its client operating system, Windows 7, will be available to customers in time for the holiday shopping season. In addition, Windows Server 2008 R2 Release Candidate (RC) is available today with the final product releasing to market in the same timeframe as Windows 7.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)

"Microsoft is committed to ensuring that IT professionals and developers continue to have the platform and technologies to drive maximum value and business results. Getting the most out of IT investments is even more important in today's economy," said Bill Veghte, senior vice president of the Windows Business at Microsoft, who delivered a keynote speech at the event. During his speech, Veghte also talked about incredible partner support for Windows 7 and gave updated guidance on availability: "With early RC testing and extensive partner feedback we've received, Windows 7 is tracking well for holiday availability."

Greater Efficiencies and Cost Savings With Windows

Veghte cited the combined benefits of Windows Server 2008 R2 and Windows 7 as an ideal example of delivering business efficiencies and cost savings through technology. Windows Server 2008 R2 and Windows 7 include security, reliability and productivity enhancements, which, when used together, help deliver significant cost savings and productivity gains with features such as DirectAccess and BranchCache. As recently announced, Windows 7 RC is available for public download at http://www.windows.com/windows7.

Windows Server 2008 R2 RC includes several new capabilities, such as File Classification Infrastructure (FCI), a built-in solution for file classification and management. In addition, Windows Server 2008 R2 Hyper-V now gives customers the ability to scale up to 64 logical processors, delivers improved Web experiences with Internet Information Services (IIS) 7.5, and offers increased hardware utilization and server availability with built-in Live Migration for virtualization technologies. Windows Server 2008 R2 RC is available for immediate download at http://www.microsoft.com/WindowsServer2008R2.

Michael Cherry, an analyst with Directions on Microsoft, acknowledged these benefits in a report titled "Windows 7 Integrates with Windows Server 2008 R2," which states, "Organizations that upgrade both clients and servers simultaneously could benefit from new features such as DirectAccess, which helps remote users connect to their organization's internal network, and BranchCache, which reduces network traffic between the main and branch offices." Cherry also reported that both products can help organizations reduce operational costs and support requirements.

"We are improving the efficiency of our branch offices and saving bandwidth by using BranchCache in Windows Server 2008 R2 and Windows 7," said Lukas Kucera, IT services manager of Lukoil CEEB, one of the largest integrated oil and gas companies in the world. "Some of our smaller facilities, such as the office in Slovakia and the storage terminal in Belgium, have just five to 10 users, so it's not efficient to deploy a file server on-site, but it consumes bandwidth to have them continually accessing files from the main servers. BranchCache is the perfect solution."

Additional Technology Enhancements, Best Practices Deliver More Business Value

Several other announcements were made during Veghte's keynote speech that illustrate how Microsoft's products and technologies help customers and partners reduce costs and drive efficiencies. The company provided guidance on how businesses can achieve enterprise-level scale, performance and capability without enterprise-level costs through Windows Server 2008 and the .NET Framework 3.5. A recent Microsoft study -- conducted using publicly available testing applications based upon industry best practices -- shows customers can save up to 81 percent in total system costs by running applications on .NET 3.5 and Windows Server 2008 rather than on IBM WebSphere 7 on Power6/AIX. According to the study, customers who run their IBM WebSphere 7 applications on Windows Server and Intel Xeon 5400 processor-based HP BladeSystem servers can save up to 66 percent in total system costs when compared to running the same applications on IBM WebSphere 7 on a Power6/AIX platform. The full report can be reviewed at http://www.websphereloveswindows.com/.

Tech*Ed attendees will also get the first opportunity to participate in the invitation-only Microsoft Office 2010 Technical Preview program, which will be available in July 2009. The Microsoft Office 2010 wave of products boosts productivity by giving users a familiar experience across the PC, phone and browser. For IT professionals, Office 2010 will offer more choice and flexibility in how they buy and manage their IT assets, helping them reduce costs. For developers, it will provide a platform for building innovative, connected Office-related applications with greater ease. More information is available at http://www.office2010themovie.com/.

Finally, Microsoft announced that a Community Technology Preview of Microsoft SQL Server 2008 R2 (formerly SQL Server code-named "Kilimanjaro") will be available in the second half of 2009. SQL Server 2008 R2 will empower end users to make better decisions through self-service business intelligence, and help IT drive greater efficiency and reduce costs through new capabilities such as multi-server management and Master Data Services. In 2010, Microsoft will also introduce complex event processing for real-time insight into streaming information. This builds on the outstanding value of SQL Server 2008, which already provides some customers with as much as a 160 percent return on their investment.*

All of these announcements and more will be discussed by Ed Anderson, communications director, Server and Tools Business; Gavriella Schuster, senior director, Windows Product Marketing Group; and Mike Schutz, director of product management in the Windows Server Division, during a live webcast and Q&A session at 12:30 p.m. PDT today, May 11, 2009.

For details on how to participate in the webcast as well as links to videos, blogs, product downloads, and other information about this year's event, or to watch Iain McDonald, general manager of Windows Server, discuss today's announcements, readers can visit the Microsoft Tech*Ed Global virtual pressroom at http://www.microsoft.com/presspass/events/teched.

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

* Jonathan Lipsitz, "Total Economic Impact of SQL Server 2008 Upgrade," Sept. 19, 2008. http://www.microsoft.com/sqlserver/2008/en/us/news-reviews.aspx

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com Microsoft Corp.

CONTACT: Rapid Response Team of Waggener Edstrom Worldwide,
+1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft Corp.

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

China 3C Group Files Amended 10-K and 10-Q Documents

HANGZHOU, China, May 11 /PRNewswire-Asia-FirstCall/ -- China 3C Group ("China 3C" or the "Company") (BULLETIN BOARD: CHCG) , a retailer and wholesale distributor of consumer and business products in China, today announced that the Company has amended the filing of its 2007 annual report on 10-K as well as its quarterly 10-Q documents for the quarterly periods ending March 31st, June 30th and September 30th, 2008. These amended reports were filed by the Company to reflect certain changes to the reports that the Company agreed to make following the review of the original reports by the Securities and Exchange Commission. There were no changes to the company's historic financial results associated with any these documents filed today with the SEC. The Company plans on reporting its first quarter 2009 earnings results this Friday, May 15th.

About China 3C Group

China 3C is a leading wholesale distributor and retailer of 3C merchandise: computers, communication products and consumer electronics. The Company specializes in wholesale distribution and retail sales of 3C products in Eastern China, focusing on products that make life more comfortable, convenient and connected. The Company's goal is to become the number one retailer of 3C products in China. For more information, visit http://www.china3cgroup.com/ .

Forward-looking Statements

Certain statements set forth in this press release constitute "Forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We have included and from time to time may make in our public filings, press releases or other public statements, certain forward- looking statements, including, without limitation, those under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 of our Annual Report on Form 10-K. In some cases these statements are identifiable through the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "can," "could," "may," "should," "will," "would" or words or expressions of similar meaning. You are cautioned not to place undue reliance on these forward- looking statements. In addition, our management may make forward-looking statements to analysts, investors, representatives of the media and others. These forward-looking statements are not historical facts and represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and beyond our control. There can be no assurance that such forward-looking statements will prove to be accurate and China 3C Group undertakes no obligation to update any forward-looking statements or to announce revisions to any of the forward-looking statements.

China 3C Group

CONTACT: Jason Yuan, Vice President of China 3C Group,
ir@china3cgroup.com; Bill Zima of ICR, Inc., +86-10-6599-7969

Web Site: http://www.china3cgroup.com/

Thomson Reuters Powers Multimedia Experience on Smartphones

NEW YORK and LONDON, May 11 /PRNewswire/ -- Thomson Reuters launches new mobile applications for the iPhone and BlackBerry, to better serve its audience of global, on-the-go business professionals. Following are two news releases detailing each application separately.

Thomson Reuters Launches Multimedia Application on Apple App Store

NEW YORK and LONDON, May 11 -- Thomson Reuters today announced the availability of a new mobile application on the Apple App Store. The app lets iPhone and iPod touch users pull from the depth and breadth of Thomson Reuters multimedia content including the latest breaking news, updated stream of award-winning photographs, video coverage, financial charting, customized market data and company profiles. As part of its commitment to multimedia, the organization has been investing in the mobile space since the late 1990s, experimenting with product development and monetization models.

"We learned a lot of lessons over the last two decades - the most important of which is to focus on delivering great user experiences," said Chris Ahearn, president of media for Thomson Reuters. "This app for iPhone and iPod touch is an excellent way to give our business professional audience convenient access to Reuters content anytime, anyplace."

The app was designed to leverage many of the revolutionary capabilities of iPhone and iPod touch for a better user experience. Designed with a professional commuter audience in mind, the app also allows offline browsing.

"Rather than merely talking about innovation, we are actually putting substantial resources behind experimentation and development of new multimedia products for innovative devices and platforms", said Ahearn. "This application is another way we provide our content across multiple platforms, enabling our business professional audience to access to Thomson Reuters content anytime, anyplace and anyway."

The application is currently available for free from Apple's App Store on iPhone and iPod touch or at http://reuters.com/iphone.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange ; Toronto Stock Exchange (TSX: TRI); London Stock Exchange ; and Nasdaq . For more information, go to http://www.thomsonreuters.com/.

Thomson Reuters Powers Multimedia Experience on BlackBerry Smartphones

NEW YORK and LONDON, May 11 -- Thomson Reuters launches new mobile application for BlackBerry(R) smartphones to better serve its audience of global, on-the-go business professionals. As part of its commitment to multimedia, the organization has been investing in the mobile space since the late 1990s, experimenting with product development and monetization models.

"We learned a lot of lessons over the last two decades - the most important of which is to focus on customizing the experience for the end-user," said Chris Ahearn, president of media for Thomson Reuters. "With a renewed commitment to mobile solutions, we have relied on our experience to develop what our customers truly want and this is only a taste of what is to come."

The new application for BlackBerry smartphones pulls from the depth and breadth of Thomson Reuters multimedia content including customized business news, award-winning photography optimized for the mobile device, market data by region, company profiles, and personalized stock tabs. Designed with a professional commuter audience in mind, the application also allows offline browsing.

"Rather than merely talking about innovation, we are actually putting substantial resources behind experimentation and development of new multimedia products for innovative devices and platforms," said Ahearn. "This application is another way we provide our content across multiple platforms, enabling our business professional audience to access to Thomson Reuters content anytime, anyplace and anyway."

The application is currently available in the English language for the US, UK, Canada and India.

Please visit http://reuters.com/bb to download this free application. It will also soon be available for download on BlackBerry App World(TM) at http://www.blackberry.com/appworld.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange ; Toronto Stock Exchange (TSX: TRI); London Stock Exchange ; and Nasdaq . For more information, go to http://www.thomsonreuters.com/.

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.

Thomson Reuters

CONTACT: Erin Kurtz, Head of PR - Media Group, Thomson Reuters,
+1-646-223-8149, erin.kurtz@thomsonreuters.com

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

NetSuite Announces the Latest Companies to Choose the On-Demand Suite Over On-Premise SAPLeading SaaS ERP Suite Offers Key Advantages Over SAP in Cost, Implementation Time, and Sustainability

ORLANDO, Fla., May 11 /PRNewswire-FirstCall/ -- NetSuite Inc. , a leading vendor of on-demand, integrated business software suites for mid-market businesses and divisions of large companies, today announced some of the latest companies to select NetSuite over software provided by SAP. By turning to NetSuite's unique integration of enterprise resource planning (ERP), customer relationship management (CRM), and Ecommerce capabilities in a single on-demand application, customers such as Distribution Video & Audio, GestureTek and Schaeffer Oil are now realizing the benefits of a modern, enterprise-class business operations platform accessible anywhere in the world, at a fraction of the cost and administrative overhead of SAP.

Upgrading SAP is an Ordeal

According to new research from Macro 4, a UK-based global software company, there is a high degree of risk and complexity involved in most major SAP upgrades. Notable research findings include:

-- SAP customers who are planning on upgrading to the latest version of the company's enterprise resource planning software, SAP ERP 6.0, are facing a major ordeal, partly because of the bulk of historical data clogging up their systems. -- 90 percent of the 135 SAP users from UK, France and Spain who participated in the survey admitted that performing upgrades was a challenge. -- SAP customers' main complaints include the time that upgrades consume (mentioned by 73 percent), the complexity involved (60 percent), and the staffing resources involved (50 percent). -- 41 percent of respondents were worried about the risk of system failure following an upgrade and 39 percent were concerned about potential loss of data.

A July 1, 2008 report by Forrester Research reported that the tipping point toward SaaS adoption is the upgrade and application management requirements of on-premise solutions, a pain that is felt by SAP's enterprise ERP customers.

NetSuite: Antidote for the High Cost and Complexity of SAP

For years, companies successful enough to grow to a certain size and complexity had little choice but to "graduate" from off-the-shelf packages or an uneasy assembly of stand-alone, custom programs to software systems from SAP. This rite of passage came at a price - lengthy implementations, expensive hardware and software maintenance, and cumbersome upgrade processes which typically required remedial work to be done just to customize screen views and / or add the simplest of new functionality.

NetSuite has been providing a new, better approach to end-to-end enterprise operations for years, and SAP's target market is taking notice. By providing ERP, CRM, and Ecommerce in a single solution, companies can obtain a robust feature set offered by legacy software developers, including multi-language, multi-currency international operations, full controls and compliance enforcement, and a 360-degree view of customers and prospects.

As a Software as a Service (SaaS) pioneer, NetSuite has perfected the delivery model for today's always-on, business-anywhere enterprise. Anytime, anywhere access enables companies to run lean, without a need for centralized facilities, while providing instant scalability for enterprises expanding into new markets and opportunities. Unlike an SAP implementation, which can drag on for months or even years and cost millions up-front, NetSuite solutions can be deployed worldwide in a matter of weeks. Because upgrades are carefully and centrally managed, business no longer need be disrupted while technologists try to adapt yesterday's customizations to today's feature patch. And for those companies already deeply reliant on SAP solutions looking to embrace the advantages offered by SaaS, NetSuite OneWorld for SAP offers seamless integration for subsidiaries and corporate divisions which need their own enterprise-grade capabilities while maintaining transparency with the central system of record.

The most recent companies entrusting their daily business operations to NetSuite include:

Distribution Video & Audio (DVA), (http://www.dva.com/), based in Palm Harbor, Florida, a 20-year old company, is the country's largest wholesaler of entertainment closeouts. In 1995, DVA expanded into three separate divisions: Consumer Sales, Library and Government Sales and Liquidating & Wholesaling, and in 2003 added a Special Markets division. Today DVA sells more than 10,000,000 units per year. Over a period of many years before DVA came on board with NetSuite in 2007, they had tried QuickBooks, Mail Order Manager, ACCPAC, Microsoft Great Plains, and SAP. DVA CEO Brad Kugler says NetSuite, from the start, did 80 percent of what the company needed right out of the box, and since then the company has experienced an increase of more than 500 percent in its Ecommerce business. When it came to choosing a new software solution to run this thriving business, DVA jumped on NetSuite without considering SAP again.

"Our company ran SAP as a fast-growing business and it was a nightmare," said Brad Kugler, CEO, Distribution Video & Audio. "The licensing fees, consultants and hardware needed to run a SAP installation is enormous and would sink any business like ours. We dumped it and went to NetSuite a few years later and I only wish we had done it earlier."

GestureTek (http://www.gesturetek.com/), based in Sunnyvale, California, and with offices in Toronto and Ottawa, Ontario, Canada; and in Asia, is the pioneer, patent holder and world-leader in gesture recognition systems for interactive displays, presentations, entertainment and advertising. The company is an innovative leader in multi-touch surfaces, 3D tracking and control technology and gesture control interfaces for mobile devices.

For many years the company relied on custom software and spreadsheets to manage its business. When Gerry Sylvia joined the company as Director of Production and Logistics, he wanted to introduce GestureTek to the kind of sophistication and process controls he knew SAP could deliver, without burdening the growth-stage company with the high costs of an SAP implementation.

GestureTek found the answer in NetSuite, which provided the company with tighter development and sales processes, at a fraction of the price of the large ERP systems Sylvia was so accustomed to from past experience. "NetSuite gives me the same kind of power, but in a product that's more mainstream," he said. "And it gives us room to grow and change, knowing that NetSuite will grow with us."

Schaeffer Manufacturing Company (http://www.schaefferoil.com/), based in St. Louis, Missouri, is a leading producer of synthetic motor oils and other long-lasting lubricants, with customers ranging from heavy industry to racing teams. The family-owned company has been in business since 1839, but has seen significant growth since the 1990s, nearly doubling its revenues to reach $100 million in annual sales - a standout success in a rapidly consolidating market usually dominated by massive international conglomerates. When growth and competitive pressures motivated an IT overhaul and the replacement of an aging mainframe platform, Schaeffer considered implementing SAP Business One. Instead, the company decided to avoid the expense and complexity of implementing an on-premise solution and turned to NetSuite.

NetSuite enabled Schaeffer to cut shipment preparation time, reduce errors from data re-keying, and eliminate substantial expenses on everything from software maintenance to redundant paper forms. Because NetSuite is built to make electronic trading and payments easy, Schaeffer has more than doubled its electronic data interchange (EDI) order volume, and conducts ten times as many transactions through electronic funds transfer (EFT).

"NetSuite makes it easy for us to offer EDI and EFT because it automates the processes, so not only is our billing time reduced, but our competitive advantage is strengthened," said Schaeffer CFO Will Gregerson. "With NetSuite, we're saving over $100,000 per year, we get our products to customers in half the time, and we haven't had to add to our staff."

For more information about NetSuite Inc., please visit http://www.netsuite.com/.

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

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CONTACT: Mei Li of NetSuite Inc., +1-650-627-1063, meili@netsuite.com

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

ShengdaTech, Inc. Announces First Quarter 2009 Results

NPCC Revenue climbs 54.0% to $20.7 million, year-over-year Affirms guidance for full year 2009

TAI'AN CITY, China, May 11 /PRNewswire-Asia-FirstCall/ -- ShengdaTech, Inc. ("ShengdaTech" or "The Company") , a leading manufacturer of nano precipitated calcium carbonate ("NPCC"), today reported financial results for the first quarter ended March 31, 2009.

First Quarter 2009 Highlights -- NPCC revenue for the first quarter of 2009 increased 54.0% year-over-year to $20.7 million -- NPCC gross profit rose 54.0% to $8.5 million, NPCC gross margin was unchanged at 41.1% -- EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of $9.5 million was practically unchanged year over year in light of significantly changed operations (See Table 4) -- Net income was $5.0 million, or $0.08 diluted earnings per share, including the negative impact resulting from the adoption of FASB Staff Position (FSP) Accounting Principles Board Opinion (APB) 14-1, Accounting for Convertible Debt Instruments That May be Settled in Cash upon Conversion (Including Partial Cash Settlement), and a gain on the repurchase of convertible notes -- Excluding the impact of the adoption of FSP APB14-1, net income was $6.3 million, or $0.08 per fully diluted share. Table 5 shows the impact of the adoption of FSP APB14-1 on the income statement for the three-month period ended March 31, 2009 and the gain on extinguishment of long-term convertible notes recognized during the period before and after the adoption -- Announced strategic decision to place future growth focus on the NPCC segment and terminated efforts to acquire Jinan Fertilizer Co., Ltd. First Quarter 2009 Results

"We are pleased to report strong financial performance from our NPCC business during the first quarter of 2009. Despite the challenging economic environment in 2008 and early 2009, we continued to experience a high level of demand for our products. Our NPCC products' superior quality, increased purity, and improved functionality have resulted in growing interest from a wide range of industrial companies, particularly for our PE (polyethylene), adhesive and latex applications. While demand for NPCC products used in tires and PVC was affected by the economic slowdown, we have recently seen signs of improvement in those markets as the Chinese economy begins to recover," commented Mr. Xiangzhi Chen, President and CEO of ShengdaTech.

Revenue for the first quarter of 2009 was $20.7 million, down 27.6% from $28.6 million in the first quarter of 2008. The decline in total revenue for the first quarter was attributable to the ceased production at the Company's Bangsheng Chemical Facility on October 31, 2008, pursuant to a mandatory directive from the Tai'an city government due to rezoning of the facility's location into a residential and non-manufacturing area. As a result, the Company did not generate revenue from the coal-based chemical segment in the first quarter of 2009. The NPCC business segment contributed 100% of the Company's revenue for the first quarter, compared with 47.0% for the same period of 2008.

Revenue from NPCC products increased 54.0% to $20.7 million in the first quarter of 2009 from $13.4 million in the first quarter of 2008. The increase in revenue was due to the growing demand in NPCC products and the increase of 60,000 metric tons of annual production capacity added in April 2008 at the Company's Shaanxi facility. Total volume of NPCC sold during the first quarter of 2009 was 42,969 metric tons, up 9,253 metric tons, or 27.4%, from 33,716 metric tons in the first quarter of 2008. NPCC for use in tires and PVC represented 38.1% and 32.9% of the Company's NPCC sales for the quarter, respectively. NPCC used in PE significantly increased its contribution of the total revenue by 8.1 percentage points to 8.3%, from only 0.2% of total NPCC sales in the first quarter 2008. Sales from the NPCC products for use in adhesives and latex were 10.2% of total NPCC revenue during the first quarter. NPCC used in ink, paper, paint, and automobile underbody coatings, combined to generate 10.5% of NPCC revenue.

The Company's gross profit for the first quarter of 2009, all of which was derived from NPCC products, was $8.5 million, down 15.7% compared with overall gross profit of $10.1 million a year ago. Gross profit for the NPCC segment rose 54.0% on a year over year basis. Gross margin was 41.1% in the first quarter, up 5.8 percentage points from overall gross margin of 35.2% a year ago, but unchanged from the NPCC segment's gross margin in the same quarter last year. The average selling price of the Company's NPCC products was $481 per MT, an increase of 20.8% from $398 per MT in the first quarter of 2008, which was offset by an increase in the cost of raw materials including anthracite, soft coal, and limestone used in the manufacturing process.

Selling expenses for the first quarter of 2009, all of which was derived from NPCC products, were $0.3 million, or 1.5% of revenue, down 28.3% from $0.4 million, or 1.5% of revenue for the same period last year. The percentage of sales commissions for the NPCC products were lower compared with the same period a year ago, resulting in lower selling expenses during the period.

General and administrative (G&A) expenses were $1.4 million, or 6.6% of revenue, up from $0.7 million, or 2.6% of revenue for the same period last year. The increase was mainly due to increases in expenses related to costs of compliance with securities and other regulations, including audit fess, legal fees, and investor relations expenses, higher research and development expenses, and land use rights expense related to the Company's expanded NPCC operations.

Operating income for the first quarter of 2009, all of which was derived from the NPCC segment, was $6.8 million, down 23.4% from $8.9 million in the same period a year ago. Operating margin improved to 33.0%, compared to 31.1% in the first quarter of 2008.

Interest expense related primarily to the Company's convertible notes was $2.4 million for the three months ended March 31, 2009. Interest expense included $1.4 million of contractual coupon interest on the convertible notes, $0.3 million of amortization of debt issuance costs, and $1.3 million of amortization of debt discount due to the application of FSP APB 14-1. The total interest expense was offset by $0.5 million interest cost capitalized during the three-month period ended March 31, 2009.

During the first quarter of 2009, the Company recorded a $1.6 million gain on extinguishment of debt due to the repurchase of an aggregate of $5.2 million face value of its 6.0% convertible notes, for cash consideration of approximately $2.5 million, including accrued interest.

Our effective income tax rate increased from 16.8% for the three-month period ended March 31, 2008 to 19.5% for the three-month period ended March 31, 2009 due primarily to the additional U.S. income tax we accrued as a result of recognizing gain from repurchase of our convertible notes during the period and the interest income earned by the Company's U.S. entity during the period, which will be taxable at the higher US statutory tax rate of 34%. For tax purposes, the gain from the repurchase of our convertible notes qualifies for deferral until 2014 in accordance with the provisions of the American Recovery and Reinvestment Act of 2009.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the first quarter of 2009 was $9.5 million, changed slightly from $9.6 million in the first quarter of 2008.

Net income in the first quarter of 2009 was $5.0 million, all of which was derived from the NPCC segment, down 32.8% from net income in the same period last year. Diluted earnings per share for the first quarter of 2009 were $0.08, compared with diluted earnings per share of $0.14 in the first quarter of 2008. The Company's diluted weighted average shares outstanding during the quarter were 67,432,169, up 24.4% from 54,202,036 in the same quarter last year.

Financial Condition

As of March 31, 2009, ShengdaTech had $114.2 million in cash and $115.1 million in working capital. As of March 31, 2009, shareholders' equity reached $152.5 million, up 3.7% from shareholder's equity of $147.0 million as of December 31, 2008. Please refer to Table 6 for the impact on shareholder's equity as of December 31, 2008 due to the adoption of FSP APB 14-1. In the first quarter of 2009, the Company generated net cash flow from operating activities of $6.9 million.

In February 2009, the Company repurchased an aggregate of $5.2 million face value of its 6.0% Convertible Senior Notes due 2018, for consideration of approximately $2.5 million, plus accrued interest of $72,144 in cash. The Company is not actively seeking to repurchase additional notes and has no plan for early extinguishment of the notes.

Recent Events

On April 15, 2009, ShengdaTech's board of directors appointed Mr. Andrew Weiwen Chen as the Company's new Chief Financial Officer. The Company also announced that Ms. Anhui Guo resigned from her position as Chief Financial Officer and was appointed Chief Operating Officer, effective April 15, 2009. Ms. Guo will also continue to serve on the Company's Board of Directors.

In April 2009, the Company began relocating its corporate headquarters from Tai'an City to Shanghai. As one of China's major commerce centers, Shanghai will provide ShengdaTech with easier access to business partners, customers, and prospects and allow the Company to attract a higher caliber of management, technological, and scientific professionals.

Business Outlook

ShengdaTech expects to complete construction of Phase I (60,000 MT) of the Company's new NPCC facility in Zibo, Shandong Province by July or August 2009. In 2009, the Company expects to operate its existing 190,000 MT NPCC production capacity at 100% utilization level and anticipates to reach approximately 80% run-rate utilization of the additional 60,000 MT capacity at the Zibo facility by the end of the year.

The Company will focus on the growth of the NPCC business by expanding its market presence, increasing the customer base with additional sales and marketing resources, and by offering an expansive and diversified product line through its advanced research and development capabilities. The new-product pipeline for NPCC applications in 2009 includes asphalt, rubber, adhesives, epoxy resin, and other high-end NPCC applications. The Company is applying for patents for NPCC proprietary formulas used in developing asphalt and paint applications, and for developing its own modifier, a cost-reducing element used in the NPCC production process specifically for tire applications.

"We believe the worldwide NPCC market will continue to experience robust growth as the manufacturing sector strives for solutions to improve product functionality, reduce costs, and improve production efficiency, all of which we offer with our proven NPCC products. We expect our revenues to increase from the current level over the next few quarters in 2009 as the Chinese economy recovers from the recent economic setback and as we continue to expand our capacity," commented Mr. Chen. "Our growth strategy for 2009 will focus on rapidly expanding our production capacity and continuing to develop breakthrough applications for our current and future customers. These new end-product applications will help promote awareness of ShengdaTech as one of the leading suppliers of high-quality NPCC products in the world. We are also actively pursuing strategic acquisitions to increase our NPCC production capacity and market penetration, while remaining interested in acquisition opportunities of other high technology chemical companies."

The Company expects 2009 revenue and net income to be in the range of $92.0 million to $94.0 million and $18.0 million to $19.0 million, respectively, for diluted earnings per share of $0.32 - $0.34. This re-affirmed guidance excludes the impact of any acquisitions, the impact of the adoption of FSP APB 14-1, and gains related to the repurchase of its convertible notes.

Conference Call

ShengdaTech will host a conference call at 9:00 a.m. EDT on Tuesday, May 12, 2009, to discuss the 2009 first quarter financial results. To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 1-888-419-5570. International callers should dial +1-617-896-9871. The pass code for the call is 78452992. If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Tuesday, May 12, 2009 at 11:00 a.m. EDT. To access the replay, dial 1-888-286-8010. International callers should dial +1-617-801-6888. The conference pass code is 76540245. This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on http://www.shengdatechinc.com/ . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.

About ShengdaTech, Inc.

ShengdaTech is engaged in the business of manufacturing, marketing, and selling nano-precipitated calcium carbonate ("NPCC") products The Company converts limestone into NPCC using its proprietary technology co-developed with Tsinghua University. ShengdaTech is the only company possessing proprietary NPCC technology in China. In addition to its broad customer base in China, the Company currently exports to Singapore, Thailand, South Korea, Malaysia, Vietnam, India and Israel. For more information, contact CCG Investor Relations directly or go to ShengdaTech's website at http://www.shengdatechinc.com/ .

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

Certain statements in this press release and oral statements made by ShengdaTech on its conference call in relation to this release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the Company's ability to prepare for growth, the Company's planned manufacturing capacity expansion, and predictions and guidance relating to the Company's future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand especially in the tire industry, changes in composition of tires, the Company's ability to meet the planned expansion schedule for its NPCC capacity, the Company's ability to identify acquisition targets, changes to government regulations, risk associated with operation of the Company's new manufacturing facility, risk associated with large scale implementation of the new NPCC manufacturing process, the ability to attract new customers, ability to increase its product's applications, ability of its customers to sell products, cost of raw material, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. You are urged to consider these factors care in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

For further information, please contact: ShengdaTech, Inc Andrew Chen, Chief Financial Officer Tel: +86-21-5835-8738 Email: andrew.chen@shengdatech.com Web: http://www.shengdatechinc.com/ CCG Investor Relations Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Web: http://www.ccgirasia.com/ Table 1 SHENGDATECH, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME For the Three Months Ended March 31, 2009 2008 Net sales $20,672,353 $28,552,904 Cost of goods sold 12,185,227 18,489,835 Gross profit 8,487,126 10,063,069 Operating expenses: Selling 316,808 441,838 General and administrative 1,355,524 729,761 Total operating expenses 1,672,332 1,171,599 Operating income 6,814,794 8,891,470 Other income (expense): Interest income 200,514 36,155 Interest expense (2,448,907) -- Gain on extinguishment of long-term convertible notes 1,624,844 -- Other expense, net (2,257) (10,060) Other income, net (625,806) 26,095 Earnings before income taxes 6,188,988 8,917,565 Income tax expense 1,206,416 1,502,579 Net income $4,982,572 $7,414,986 Earnings per share: Basic $0.09 $0.14 Diluted $0.08 $0.14 Weighted average shares outstanding: Basic 54,202,036 54,202,036 Diluted 67,432,169 54,202,036 Table 2 SHENGDATECH, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS March 31, December 31, 2009 2008 ASSETS Current assets: Cash $114,179,902 $114,287,073 Accounts receivable 5,797,512 6,806,066 Prepaid expenses and other receivables 84,739 510,825 Inventories 2,350,238 2,647,424 Income tax refund receivable 655,069 -- Total current assets 123,067,460 124,251,388 Property, plant and equipment, net 100,653,585 100,122,522 Land use rights 15,651,027 15,710,333 Debt issuance costs 2,624,777 3,096,073 Deferred income tax assets 729,808 502,793 Total assets $242,726,657 $243,683,109 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $2,135,990 $4,493,551 Accrued expenses and other payables 4,929,138 4,227,184 Income taxes payable -- 1,092,116 Due to related parties 855,549 1,737,404 Total current liabilities 7,920,677 11,550,255 Long-term convertible notes 74,890,628 77,926,310 Non-current income taxes payable 1,392,488 1,268,108 Deferred income tax liabilities 5,976,249 5,890,055 Total liabilities 90,180,042 96,634,728 Shareholders' equity: Preferred stock, par value $0.00001 authorized:10,000,000 outstanding: Nil -- -- Common stock, par value $0.00001 authorized:100,000,000 issued and outstanding: 54,202,036 542 542 Additional paid-in capital 38,604,380 38,304,541 Statutory reserves 8,130,601 8,130,601 Retained earnings 92,207,465 87,224,893 Accumulated other comprehensive income 13,603,627 13,387,804 Total shareholders' equity 152,546,615 147,048,381 Commitments and contingencies Total liabilities and shareholders' equity $242,726,657 $243,683,109 Table 3 SHENGDATECH, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the Three Months Ended March 31, 2009 2008 Cash flows from operating activities: Net income $4,982,572 $7,414,986 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 1,017,328 707,838 Land use rights expense 79,530 525 Amortization of debt issuance costs 313,185 -- Amortization of discount 1,283,016 -- Gain on extinguishment of long-term convertible notes (1,624,844) -- Share-based compensation 6,771 -- Deferred income tax 152,247 -- Changes in operating assets and liabilities: Accounts receivable 1,016,959 1,490,126 Prepaid expenses and other receivables 426,092 (7,792) Inventories 300,469 69,648 Due to related parties 83,849 (702,047) Accounts payable (191,724) (145,879) Accrued expenses and other payables 697,341 (111,919) Income taxes payable/refund receivable (1,624,046) 617,865 Net cash provided by operating activities 6,918,745 9,333,351 Cash flows from investing activities: Purchase of property, plant and equipment, including interest capitalized (4,560,726) (18,222,362) Net cash used in investing activities (4,560,726) (18,222,362) Cash flows from financing activities: Extinguishment of long-term convertible notes (2,535,745) -- Net cash used in financing activities (2,535,745) -- Effect of exchange rate changes on cash 70,555 901,552 Net decrease in cash (107,171) (7,987,459) Cash at beginning of period 114,287,073 26,366,568 Cash at end of period $114,179,902 $18,379,109 Non-cash investing activities: Accounts payable for purchase of property, plant and equipment ($3,138,177) $2,971,730 Due to related parties for purchase of property, plant and equipment -- (185,588) Supplemental disclosures of cash flow information: Cash paid for income taxes $2,675,461 $735,611 Cash paid for interest, net of capitalized interest $72,144 -- SHENGDATECH, INC. AND SUBSIDIARIES Reconciliation of Net Income to EBITDA (unaudited)(Amounts in US dollars) Three Months Ended March 31, 2009 2008 Net Income 4,982,572 7,414,986 Income Tax 1,206,416 1,502,579 Interest expense (income), net 2,248,393 (36,155) Depreciation and amortization 1,096,858 708,363 EBITDA 9,534,239 9,589,773 Note: EBITDA is a financial measure that is not defined by US GAAP. EBITDA was derived by calculating earnings before interest, taxes, depreciation, and amortization. The Company's management believes that the presentation of EBITDA provides useful information regarding ShengdaTech's results of operations because it assists in analyzing and benchmarking the performance and value of ShengdaTech's business. The Company's calculation of EBITDA may not be consistent with similarly titled measures of other companies. The table above provides a reconciliation of EBITDA to net income, the most comparable GAAP measure. Table 5 Impact of the Adoption of APB14-1 on Unaudited Condensed Consolidated Statement of Income For the Three-month Period Ended March 31, 2009 For the Three Months Ended March 31, As reported Adjustments Excluding APB 14-1 Net sales $20,672,353 -- $20,672,353 Cost of goods sold 12,185,227 -- 12,185,227 Gross profit 8,487,126 -- 8,487,126 Operating expenses: Selling 316,808 -- 316,808 General and administrative 1,355,524 (1,064) 1,354,460 Total operating expenses 1,672,332 (1,064) 1,671,268 Operating income 6,814,794 1,064 6,815,858 Other income (expense): Interest income 200,514 -- 200,514 Interest expense (2,448,907) (895,390) (1,553,517) Gain on extinguishment of long-term convertible notes 1,624,844 861,962 2,486,806 Other expense, net (2,257) -- (2,257) Other income (expense), net (625,806) 1,757,352 1,131,546 Earnings before income taxes 6,188,988 -- 7,947,404 Income tax expense 1,206,416 392,078 1,598,494 Net income 4,982,572 1,366,338 6,348,910 Earnings per share: Basic $0.09 $0.03 $0.12 Diluted $0.08 $0.00 $0.08 Weighted average shares outstanding: Basic 54,202,036 -- 54,202,036 Diluted 67,432,169 -- 67,432,169 Table 6 Impact of the Adoption of APB14-1 on Unaudited Condensed Consolidated Balance Sheet As of December 31, 2008 December 31, 2008 As As previously retroactively reported Adjustments adjusted Assets: Total current assets 124,251,388 -- 124,251,388 Property, plant and equipment 99,878,791 243,731 100,122,522 Land use rights 15,593,548 116,785 15,710,333 Debt issuance costs 3,925,157 (829,084) 3,096,073 Deferred income tax assets 260,056 242,737 502,793 Total assets 243,908,940 (225,831) 243,683,109 Liabilities and shareholders' equity Total current liabilities 11,550,255 -- 11,550,255 Deferred income tax liabilities -- 5,890,055 5,890,055 Long-term convertible notes 95,250 ,000 (17,323,690) 77,926,310 Non-current income taxes payable 1,268,108 -- 1,268,108 Total liabilities 108,068,363 (11,433,635) 96,634,728 Common stock 542 -- 542 Additional paid in capital 21,897,316 16,407,225 38,304,541 Retained earnings 100,554,915 (5,199,421) 95,355,494 Accumulative other comprehensive income 13,387,804 -- 13,387,804 Total shareholders' equity 135,840,577 11,207,804 147,048,381 Total liabilities and shareholders' equity 243,908,940 (225,831) 243,683,109

ShengdaTech, Inc.

CONTACT: ShengdaTech, Inc, Andrew Chen, Chief Financial Officer,
+86-21-5835-8738,or andrew.chen@shengdatech.com; CCG Investor Relations,
Crocker Coulson, President, +1-646-213-1915, or crocker.coulson@ccgir.com, for
ShengdaTech, Inc.

Web site: http://www.shengdatechinc.com/
http://www.ccgirasia.com/

CTB/McGraw-Hill's Acuity Wins 2009 CODiE AwardIntegrated Assessment System Chosen as Best Student Assessment Solution

MONTEREY, Calif., May 11 /PRNewswire-FirstCall/ -- CTB/McGraw-Hill, a leader in K-12 and adult education, today announced that Acuity(TM), the company's comprehensive InFormative Assessment(TM) Solution, has won the Award for "Best Student Assessment Solution" in the Software & Information Industry Association (SIIA) 2009 CODiE Award program. The announcement was made May 5, 2009 at the 24th Annual CODiE Awards Gala, at the Palace Hotel in San Francisco.

"Now in its 24th year, the CODiE Awards continue to recognize those companies providing the best new technology products and services across a broad array of industries," noted SIIA President Ken Wasch. "In addition, its winners are a prolific testament to the power of technology to deliver innovative solutions to businesses and consumers. SIIA warmly congratulates all of the winners and nominees of the CODiE Awards, whose innovation is essential for continuing America's leadership in the global knowledge economy."

CODiE Awards are the education industry's only peer-reviewed awards, and are highly influential in the educational technology market. Showcasing the finest software and information technology products and services, CODiE Awards have raised the standard for excellence, and are recognized as a prestigious representation of outstanding achievement and vision in the software and information industry. This year's awards were selected from more than 850 nominations submitted by 600 companies, including the world's leading educational technology firms.

The "Best Student Assessment Solution" awards the best stand-alone, computer-based or online solution for K-12 student assessments. The Acuity features and attributes highlighted by the CODiE Judges included:

-- Appropriate for students with diverse learning styles and abilities -- Overall visual/program aesthetics -- Provides teacher support for use in the classroom -- Student feedback and reinforcement for building their test-taking skills and strategies -- Useful reports for teachers and administrators

"The CODiE Award win is a noteworthy achievement, demonstrating that Acuity is a superior assessment system, one that makes real differences in student learning and achievement," said Ellen Haley, president of CTB/McGraw-Hill. "We are pleased and honored that Acuity has been recognized by CODiE judges, especially considering the high level of competition in this year's entries."

Acuity is a groundbreaking online InFormative Assessment solution designed to help teachers gauge student performance and deliver targeted classroom instruction. In addition to diagnostic and predictive assessments with immediate scoring and reporting, Acuity provides individualized instructional resources for intervention, extra practice, and homework.

Acuity heralds a new generation of assessment programs that are changing the way educators perceive and use student information to drive instruction. Acuity contains four elements of a comprehensive InFormative Assessment system: ongoing measurement opportunities, in-depth reporting, analysis of performance data, and resources for targeted instruction. To help educators harness the full power of Acuity, CTB also offers comprehensive professional development, implementation, and support services. For an interactive product demonstration, visit AcuityforSchool.com or call 800.538.9547 to schedule a live presentation.

About CTB/McGraw-Hill

As the nation's leading publisher of standardized and standards-based achievement tests for pre-school, elementary, middle, high school, and adult education, CTB/McGraw-Hill LLC offers a broad range of assessments, software and services. CTB/McGraw-Hill LLC is part of the Assessment and Reporting group of McGraw-Hill Education (MHE), a division of The McGraw-Hill Companies . MHE 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.ctb.com/.

CTB/McGraw-Hill

CONTACT: Brandon Engle, Manager, Communications, Phone: +1-916-933-1291,
Brandon_Engle@ctb.com

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

AT&T Awards Nearly $500,000 for Workforce Readiness, Student Success in Washington, DC

WASHINGTON, May 11 /PRNewswire-FirstCall/ -- As part of AT&T's* ongoing commitment to investing in America and helping students stay - and succeed - in school and on the job, J. Michael Schweder, president of AT&T Mid Atlantic today joined educators, students and community leaders from Washington, DC to announce $395,000 in grants to programs that will help address high school success, postsecondary education preparedness and success, and workforce readiness for Washington, DC's students. The event was held at Ballou Senior High School.

Jobs for America's Graduates - District of Columbia, Inc. (JAG-DC) will receive $360,000 over four years to support the Jobs for America's Graduates model at Ballou Senior High to provide transition services to about 200 at-risk youth. Communities In Schools of the Nation's Capital (CISNCAP) received $35,000 to support a new Graduation Coach pilot program.

"Our country's ability to compete depends on having a well-educated citizenry. For that to happen, we all must work to keep kids in school and equip them with the tools they will need for success," said Schweder. "And that's what we're doing here today - bringing together community partners in Washington, DC to help put students - and our country - on a path to prosperity and success."

Francie Glendening, CEO of JAG-DC agreed and added: "In the final analysis, we help students become the architects of their personal and academic lives, transforming them into change agents actively engaged in the world. The futures of the students we serve are inextricably linked with the future of our country. AT&T should be commended for recognizing the importance of this work and investing in it."

"Communities In Schools of the Nation's Capital is grateful for AT&T's support of the Graduation Coach program at Ballou High. Our goals are the same: help underserved students so they can graduate on time and prepared for life," said Tobeka G. Green, CISNCAP's executive director. "Together we can make a difference in the lives of these important young people."

In addition to the High School Success grants announced today, the Latin American Youth Center in Washington, DC also received a $95,585 grant from AT&T to support its dropout-prevention and workforce readiness programs. A separate event highlighting this program is tentatively planned for later this month.

The grants are part of the AT&T Foundation's signature initiative, AT&T Aspire, which helps address high school success and workforce readiness. AT&T has committed $100 million in philanthropy through 2011 to schools and nonprofit organizations that are focused on high school retention and better preparing students for college and the workforce. The two recipients are among more than 170 schools and nonprofit organizations that received grants in the first year of the program.

The recipients of this year's High School Success grants provide a range of support for students, including academic intervention, academic coaching and mentoring and tutoring services that are focused on improving reading and math skills, reducing truancy and building teen confidence. The recipient programs are managed by a variety of governmental and nonprofit organizations, including school districts, townships and education-serving nonprofit organizations.

As one of the largest-ever corporate commitments to high school retention and workforce readiness, the $100 million AT&T Aspire program supports proven programs that promote educational success, from the classroom to the workplace. In addition to the high school retention program grants, AT&T Aspire is funding initiatives in three key areas:

-- A student job shadowing initiative involving 400,000 AT&T employee hours that will give 100,000 students a firsthand look at the skills they will need to succeed in the 21st century workforce. -- The underwriting of national research that will explore the practitioner perspective (teachers, principals, superintendents, school counselors and school board members) on the high school dropout issue. -- Support for 100 state and community dropout prevention summits across the country.

All told, in 2008, AT&T and its employees contributed more than $2 million through corporate, employee and AT&T Foundation giving programs in Washington, DC.

For more information about the AT&T Aspire initiative, please visit http://www.att.com/education-news.

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE(R) magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

About Philanthropy at AT&T

For 25 years, AT&T and the AT&T Foundation have been committed to advancing education, strengthening communities and improving lives. Through its philanthropic initiatives and partnerships, AT&T supports projects that create learning opportunities; promote academic and economic achievement; and address community needs. As the AT&T Foundation celebrates its 25th anniversary in 2009, more than $160 million was contributed through corporate-, employee- and AT&T Foundation-giving programs in 2008 alone.

(C) 2009 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.

AT&T Inc.

CONTACT: Dan Langan, +1-717-571-1743, dan@langanpublicaffairs.com, for
AT&T; or Frances Hughes Glendening of Jobs For America's Graduates-DC,
+1-202-580-6550, fglendening@jag-dc.org; or Elizabeth Gardner, for Communities
In Schools of the Nation's Capital, +1-804-761-5440,
development@cisnationscapital.org

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

Saft and ESMA to Cooperate on Supercapacitor Development, Production and Commercialization

PARIS, May 11 /PRNewswire-FirstCall/ -- - Saft Will Start US Manufacture of Asymmetric Nickel Supercapacitors in 2009

- Initial Applications Will be for Engine Starting of Heavy Vehicles at Low Temperatures or in Frequent Stop-Start Usage

Saft, the world specialist in the design and manufacture of high-tech industrial batteries, has signed an agreement with ESMA, the Russian Joint Stock Company, to cooperate in the development, production and commercialization of supercapacitors based on ESMA's market leading technology. The agreement enables Saft to add new supercapacitor technology to its portfolio of leading edge battery technologies. The first results will be seen later in 2009, when Saft's US manufacturing facility in Valdosta, GA will commence production of a new generation of asymmetric nickel supercapacitors that will work in combination with batteries on heavy vehicles in a large variety of markets including, but not limited to, industry or public transportation. By providing effective and reliable starting power for large diesel engines at low temperatures or in frequent stop-start usage the supercapacitors will allow the vehicle battery to be optimized for the application.

In addition to the main cooperative agreement with ESMA, Saft has also signed a distribution agreement for the supercapacitors with KBi (Kold Ban International) the US company specialising in diesel engine starting systems that is already an established ESMA distributor for North America.

"ESMA's asymmetric nickel supercapacitors are recognised in independent laboratory tests as offering the best low temperature engine starting performance currently available," says Xavier Delacroix, the General Manager of Saft's IBG division. "This cooperative agreement adds an exciting new dimension to Saft's range of battery technologies, while our US manufacturing presence and global footprint will help bring ESMA's supercapacitors to a much wider market."

Asymmetric nickel supercapacitors

ESMA's patented asymmetric nickel capacitors feature one battery electrode mated with a double layer charge storage (capacitor) electrode. This combination offers a number of advantages over the standard, more common symmetric design including: improved safety; higher specific energy; more stable operating voltage; lower materials and manufacturing costs; voltage self-balancing in high-voltage strings of capacitor cells. The design has an important synergy with Saft's manufacturing capabilities since the construction is similar to that used in nickel-cadmium (Ni-Cd) cells, so ESMA's supercapacitors can be manufactured on existing Saft production lines.

Since a supercapacitor stores energy electrostatically, with no physical changes taking place, it can have a service life of a million or more charge/discharge cycles, with no maintenance required. Furthermore, the performance of a supercapacitor remains stable over a very wide temperature range (typically -40degreesC to +70degreesC). This makes them ideally suited for providing cranking power for starting the engines of heavy vehicles at very low temperatures, especially when fitted to vehicle fleets that need to start and stop their engines many times during a shift. Supercapacitors can also be applied in numerous other applications for peak power and energy storage.

About Saft

Saft (Euronext: Saft) is a world specialist in the design and manufacture of high-tech batteries for industry. Saft batteries are used in high performance applications, such as industrial infrastructure and processes, transportation, space and defence. Saft is the world's leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a wide range of end markets. The group is also the European leader for specialised advanced technologies for the defence and space industries. With approximately 4,000 employees worldwide, Saft is present in 18 countries. Its 15 manufacturing sites and extensive sales network enable the group to serve its customers worldwide. Saft is listed in the SBF 120 index on the Paris Stock Market.

For more information, visit Saft at http://www.saftbatteries.com/ Press contacts

Jill Ledger, Saft Communications Director, Tel: +33-1-49-93-17-77 e-mail: jill.ledger@saftbatteries.com

Yannick DUVERGE, Corporate Press contact, Financial Dynamics, Tel: +33-1-47-03-68-10, e-mail : yannick.duverge@fd.com

Saft

CONTACT: Press contacts: Jill Ledger, Saft Communications Director,
Tel: +33-1-49-93-17-77, e-mail:jill.ledger@saftbatteries.com. Yannick
DUVERGE, Corporate Press contact, Financial Dynamics, Tel: +33-1-47-03-68-10,
e-mail : yannick.duverge@fd.com

Level 3 Expands Operations in Washington AreaLevel 3 Increasing Presence in D.C. Area; Committed to Providing Competitive Alternative for Businesses

HERNDON, Va., May 11 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc.'s Business Markets Group (BMG) today announced that it is expanding its operations in the Washington, D.C., area. This initiative is designed to provide a world class customer experience for mid-market business customers throughout the area.

"We understand that the national economy is struggling right now and many companies are curbing or halting expansion plans, but the D.C. area remains a thriving business community, and we believe it is an ideal time to expand and take advantage of business opportunities," said William Ganey, Level 3's Washington, D.C., general manager. "Level 3 has a rich legacy of serving enterprise customers with a complete range of products and services - now we are taking our services to the next level to better serve our customers in the D.C. area and provide a competitive alternative for mid-market businesses."

This initiative will give mid-market businesses even greater access to Level 3's robust voice, Internet and data services. The company continues to expand its portfolio of service offerings for enterprises to include an array of technologies, such as Ethernet, a flexible, scalable technology that provides cost-effective, high-bandwidth access for businesses. Level 3's network reach and breadth of services coupled with a widely distributed sales force enables customers to Link Globally and Connect Locally.

In addition to expanding its service portfolio, Level 3 will continue to expand its fiber-optic footprint, which already passes more than 20,000 business locations throughout the D.C., northern Virginia and southern Maryland.

As part of this increased local focus, Level 3 is growing and realigning its workforce in the D.C. area to create more intimacy with customers and enhance the customer experience. As such, the company will be expanding its sales and customer support employees in the area.

Level 3 will be hosting an Open House event in Herndon on May 13 from 3:30 to 6:30 p.m. For more information on the event or to register, please visit http://www.level3.com/golocal/dc.

About Level 3 Communications

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

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

Forward-Looking Statement

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

Photo: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Level 3 Communications, Inc.

CONTACT: Media, Vince Hancock, +1-720-888-2146, or Investors, Mark
Stoutenberg, +1-720-888-2518, both of Level 3 Communications, Inc.

Web Site: http://www.level3.com/

Pearson Foundation Supports Incoming LSU Biology Students With 21st Century Learning ToolsLSU BIOS program joins the Digital Arts Alliance

BATON ROUGE, La., May 11 /PRNewswire/ -- The Pearson Foundation today announced plans to support, for the second year in a row, Louisiana State University's (LSU) Biology Intensive Orientation for Students (BIOS) program with scholarships and digital arts equipment. The 2009 class of Pearson Foundation Digital Arts Fellows will use video cameras to document their experiences and pass them along to future program participants. Films from the 2008 class can be viewed at http://www.pearsonfoundation.org/youth-engagement/lsubio.

The BIOS program, a "biology boot camp," provides students with a short, intensive preview of what is expected of them in introductory biology at LSU, and helps them learn the skills required to succeed.

"Course failure is costly to the student and the university, but through the BIOS program, and with the help of the Pearson Foundation, we prepare students by reducing the time needed for new students to learn and implement the skills required to meet the expectations of college courses," said Sheri Wischusen, Howard Hughes Medical Institute Program Manager, and Assistant Director for Undergraduate Research, College of Basic Sciences at Louisiana State University.

As part of the announced agreement, LSU BIOS has joined the Digital Arts Alliance, the consortium that promotes digital arts K-16 education through fully funded and staffed programs delivered directly to schools and community centers nationwide. The Pearson Foundation is the founding partner in the Digital Arts Alliance.

Each year, the Digital Arts Alliance makes it possible for more than 15,000 U.S. students and their teachers to experience firsthand how laptop computers, video production equipment, and the latest mobile-phone technologies are changing the ways young people can organize, present, and share information about issues that matter to them. Alliance members believe that using technologies to enhance personal expression creates an expanded kind of literacy, often referred to as 21st Century literacy, which people -- especially young people -- already use in their everyday lives.

Mark Nieker, President of the Pearson Foundation, said, "The Digital Arts Alliance strives to help teachers to teach, and students to learn through innovative learning techniques. By incorporating digital arts into the BIOS program, students are required to demonstrate essential skills and knowledge with built-in opportunities for self-assessment."

About LSU's BIOS Program

The Biology Intensive Orientation for Students (BIOS) Program was designed to positively impact the success of incoming freshman biology majors by giving them tools and strategies to succeed at Louisiana State University. The program combines content lectures and examinations for BIOL 1201 - Introductory Biology for Science Majors, as well as learning styles assessments and informational sessions to provide the students with a preview of the requirements of biology, and the pace of college. BIOS participants have, on average, a higher course grade in BIOL 1201 than their academic peers. These students also succeed (grade of A, B or C) in their biological science courses and remain on track through the first semester of their sophomore year at a significantly higher rate than other BIOL 1201 students.

About the Pearson Foundation

The Pearson Foundation extends Pearson's commitment to education by partnering with leading nonprofit, civic, and business organizations to provide financial, organizational, and publishing assistance across the globe. The Foundation aims to make a difference by sponsoring innovative educational programs and extending its educational expertise to help in classrooms and in local communities. More information on the Pearson Foundation can be found at http://www.pearsonfoundation.org/.

Pearson Foundation

CONTACT: Adam Ray of Pearson Foundation, +1-415-533-1005,
media@pearsonfoundation.org

Web Site: http://www.pearsonfoundation.org/

Verizon Awards $635,000 to Arkansas Nonprofits to Support Education and Workforce DevelopmentAdditional Support Expected Through Verizon Employee Contributions, Volunteerism and Corporate Matching-Gift Programs

LITTLE ROCK, Ark., May 11 /PRNewswire/ -- The Verizon Foundation on Monday (May 11) announced grants totaling $635,000 to four Arkansas nonprofits supporting efforts to improve educational achievement and aid teacher training and workforce development.

"Verizon has a long-standing tradition of working to improve the communities where we operate by supporting organizations that strive to make a difference in the lives of individuals in the community," said Steven R. Smith, president - South Central region, Verizon Wireless. "Through grants and the generous contributions of time and talent from our employees, we are making a positive impact."

The organizations receiving grants, announced by Verizon Wireless at an event at Central High School in Little Rock, are:

-- Jobs for America's Graduates (JAG) -- $250,000 to fund the creation of JAG programs within three school districts (Forrest City, Earle and Lee County) in the Delta region of Arkansas. JAG is a national program designed to keep at-risk students in school and provide work-based learning experiences that will lead to career-advancement opportunities or enrollment in post-secondary education. The grant will also fund a JAG state Executive Leadership Training Program for students. -- One Economy -- $250,000 to implement One Economy's Digital Connectors program at three Delta region high schools. Through the program, students will develop leadership skills and receive technology training that provides the skills necessary to compete in today's economy. Those students will then volunteer in their communities, offering more than 6,000 hours of service. -- Arkansas Department of Education (DOE) -- $100,000 to improve technology at Little Rock Central High School as well as develop a comprehensive professional-development program to train every teacher in the school to effectively integrate and use technology in the classroom. Teachers will also use the free resources on Thinkfinity.org, the Verizon Foundation's comprehensive Web site that contains thousands of educational resources -- including K-12 lesson plans, online educational activities, videos and other materials -- to enhance teacher effectiveness and improve student achievement. -- Arkansas Department of Education (DOE) -- $35,000 to raise awareness and provide training for teachers throughout the state to use free educational resources on Thinkfinity.org, The Arkansas DOE will serve as Verizon Foundation's state partner and will make Thinkfinity's educational resources and professional development program available to all K-12 educators and college students studying to be teachers.

"The grants announced today will have a positive impact in the classrooms and communities throughout Arkansas," said Dr. Ken James, Arkansas commissioner of education. "The Arkansas Department of Education is proud to partner with Verizon on such a worthy and necessary program to ensure our teachers have the tools they need to help our students master 21st century skills."

William L. "Bill" Walker Jr., director of the Arkansas Department of Workforce Education, which oversees local JAG programs, said: "Through the Verizon Foundation's valuable support, JAG will be able to continue its important mission of reaching out to at-risk youth and taking the necessary steps to ensure that they stay in school and receive the guidance and training needed to expand their options and have a better quality of life."

Rey Ramsey, One Economy's chief executive officer, said: "With Verizon's support, young people in Arkansas will learn to use technology to improve their lives and lead in their communities. As part of this 21st-century service corps, Digital Connectors share their knowledge with their neighbors, creating a culture of technology use."

In addition to the grants outlined above, nonprofits throughout the state are eligible to receive additional support through monetary and time contributions from Verizon employees. The Verizon Foundation will match employee contributions to nonprofit organizations $1-for-$1 up to $1,000 per employee. The Verizon Foundation also supports employee volunteerism by awarding a $750 grant to a nonprofit organization when a Verizon employee volunteers 50 hours or more to the organization during the year.

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/.

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: Media, Sheryl Sellaway of Verizon, +1-678-339-5564,
sheryl.sellaway@verizonwireless.com; or Katie Zach, +1-704-548-8556,
kzach@taylorpr.com

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

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

Saft et ESMA annoncent leur coopération pour le développement, la production et la commercialisation de supercondensateurs

PARIS, May 11 /PRNewswire/ --

- Saft va lancer, courant 2009, la fabrication de supercondensateurs asymétriques au nickel aux États-Unis.

- Les premières applications seront destinées au démarrage à basses températures des véhicules lourds.

Saft, spécialiste mondial de la conception et de la production de batteries de haute technologie pour l'industrie, a signé un contrat de coopération avec la société russe ESMA pour le développement, la production et la commercialisation de supercondensateurs basés sur la technologie leader d'ESMA. Ce contrat permet à Saft d'ajouter la technologie des supercondensateurs à son portefeuille de technologies de pointe dans le domaine des batteries. Les premiers résultats seront visibles courant 2009, avec le lancement de la fabrication, sur le site de production américain de Saft situé à Valdosta (État de Géorgie), d'une nouvelle génération de supercondensateurs asymétriques au nickel. Ces superconducteurs seront utilisés avec les batteries sur des véhicules lourds destinés à une grande variété de marchés, notamment ceux de l'industrie et des transports publics. En fournissant aux moteurs diesel de grande taille une puissance de démarrage à basse température efficace et fiable, ces supercondensateurs permettront d'optimiser l'utilisation de la batterie des véhicules.

Outre le contrat principal de coopération avec ESMA, Saft a également signé un contrat de distribution des supercondensateurs avec KBi (Kold Ban International), société américaine spécialisée dans les systèmes de démarrage de moteurs diesel. KBi détient l'agrément d'ESMA pour la distribution de ses produits en Amérique du Nord.

<< Des tests en laboratoire indépendant ont démontré que les supercondensateurs asymétriques en nickel d'ESMA offrent actuellement les meilleures performances du marché en matière de démarrage de moteurs à basse température >>, a déclaré Xavier Delacroix, Directeur général de la division Industrial Battery Group de Saft. << Ce contrat de coopération apporte une nouvelle dimension à notre gamme de technologies de batteries. En outre, notre présence industrielle aux États-Unis et notre implantation mondiale contribueront à élargir considérablement le marché des supercondensateurs d'ESMA. >>

Les supercondensateurs asymétriques en nickel

Les condensateurs asymétriques en nickel d'ESMA sont brevetés et constitués d'une électrode de batterie couplée à une électrode à accumulation de charge à double couche (condensateur). Cette combinaison présente de nombreux avantages par rapport aux condensateurs symétriques standards, tels qu'une sécurité optimisée, une puissance énergétique accrue, une tension d'utilisation plus stable, des coûts de matière première et de fabrication plus faibles, ainsi que l'équilibrage de la tension dans les circuits haute tension des cellules du condensateur. Cette conception est en parfaite synergie avec les capacités de production de Saft ; la fabrication est similaire à celle utilisée pour les batteries nickel-cadmium (Ni-Cd). Les supercondensateurs d'ESMA peuvent ainsi être fabriqués sur les lignes de production existantes de Saft.

Un supercondensateur stockant l'énergie de manière électrostatique et sans modification physique, sa durée utile peut atteindre un million de cycles de charge-décharge ou plus, et ce sans entretien. De plus, un supercondensateur enregistre des performances stables sur une plus grande plage de températures : généralement de -40degreesC à +70degreesC. En conséquence, il est parfaitement adapté pour générer l'énergie nécessaire au démarrage à très basse température des moteurs de véhicules lourds, notamment lorsque les véhicules de flottes nécessitent de nombreux démarrages durant leur service. Les supercondensateurs peuvent également servir à de nombreuses autres applications (puissance de pointe et stockage énergétique).

À propos de Saft

Saft (Saft : Euronext) est le spécialiste mondial de la conception et de la production de batteries de haute technologie pour l'industrie. Les batteries Saft sont utilisées dans les applications de haute performance, notamment dans les infrastructures et processus industriels, le transport, la défense et l'espace. Saft est le premier fabricant mondial de batteries au nickel-cadmium à usage industriel et de piles au lithium primaire pour des applications variées. Le groupe est également premier producteur européen de batteries de technologies spécialisées pour la défense et l'espace. Avec un effectif global d'environ 4000 salariés, Saft est présent dans 18 pays. Ses 15 sites de production et son réseau commercial, lui permettent ainsi de servir ses clients dans le monde entier.

Saft figure au sein de l'indice SBF 120 de la Bourse de Paris

Pour plus d'informations, rendez-vous sur http://www.saftbatteries.com

Press contacts

Jill Ledger, Saft Communications Director, Tel: +33-1-49-93-17-77 e-mail:jill.ledger@saftbatteries.com

Yannick DUVERGÉ, Corporate Press contact, Financial Dynamics, Tel: +33-1-47-03-68-10, e-mail: yannick.duverge@fd.com

Saft

Press contacts: Jill Ledger, Saft Communications Director, Tel: +33-1-49-93-17-77 e-mail:jill.ledger@saftbatteries.com; Yannick DUVERGÉ, Corporate Press contact, Financial Dynamics, Tel: +33-1-47-03-68-10, e-mail: yannick.duverge@fd.com

Pigeon Point Systems Announces MicroTCA Carrier Management Controller BMR Starter Kit using Fusion Mixed-Signal FPGA

MOUNTAIN VIEW, Calif., May 11 /PRNewswire-FirstCall/ -- Pigeon Point Systems (PPS), an Actel company, announced today a new MicroTCA(R) Carrier Management Controller (MCMC) Board Management Reference (BMR) Starter Kit based on Actel's Fusion mixed-signal FPGA. The new starter kit delivers a world-class solution for the mandatory management controllers used in MicroTCA Carrier Hub (MCH) modules, including the Carrier Manager and Shelf Manager functions.

Based on Pigeon Point Systems' field-proven MCMC offering, the kit accelerates a customer's design cycle and enables designers to concentrate on differentiating their MCH products instead of using internal effort to meet management requirements for specification compliance and interoperability. In addition to the MCMC functionality, the ARM(R) Cortex(TM)-M1 processor in the Fusion mixed-signal FPGA hosts the Pigeon Point(TM) uCarrier Manager(TM) and uShelf Manager(TM) components to enable cost-effective and compact management of an entire MicroTCA shelf. The Fusion FPGA-based MCMC integrates significant functionality that would need to be implemented as external devices in an MCMC based on a traditional microcontroller, saving substantial bill-of-materials (BOM) cost and reducing footprint.

The kit includes the following: -- Schematics for a complete MCMC subsystem ready for integration into an MCH design. -- Customer-adaptable design for the Fusion FPGA that serves as the core of that subsystem. -- Corresponding firmware, delivered in source code form. -- Benchtop MCMC and supporting hardware to enable an immediate ramp up on MicroTCA's IPMI-based management framework, without waiting for custom hardware.

For more information on the Fusion-based MCMC BMR Starter Kit, visit http://www.pigeonpoint.com/products.html#board or inquire via email to info@pigeonpoint.com.

For more information on Fusion mixed-signal FPGAs: http://www.actel.com/products/fusion

About Pigeon Point Systems

Pigeon Point Systems, a wholly owned subsidiary of Actel Corporation, delivers world-class management components for modular platforms based on the AdvancedTCA(R), AdvancedMC(TM) and MicroTCA architectures to leading companies worldwide. Pigeon Point's focus on providing dependable, proven solutions for the mandatory management controllers in these architectures allows customers to concentrate on the value-added aspects of their products. Deep expertise on these architectures ensures compliance and interoperability in the Pigeon Point components.

Pigeon Point, an executive member of PICMG(R), is a leader in its AdvancedTCA, AdvancedMC, and MicroTCA subcommittees and is active in many other technical subcommittees. Pigeon Point is also a contributing member of the Service Availability Forum(TM) and a leader in its HPI Working Group. For more information on Pigeon Point Systems, visit http://www.pigeonpoint.com/.

About Actel

Actel is the leader in low-power FPGAs and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at http://www.actel.com/.

The Actel name and logo and Actel Fusion are registered trademarks of Actel Corporation. The Pigeon Point name and the stylized lighthouse logo, as well as µCarrier Manager and µShelf Manager, are trademarks of Pigeon Point Systems. All other trademarks and service marks are the property of their respective owners.

Actel

CONTACT: Ivanya Terrazas of Actel Corporation, +1-650-318-7570,
ivanya.terrazas@actel.com

Web Site: http://www.actel.com/
http://www.pigeonpoint.com/

Pigeon Point Systems Announces Module Management Controller BMR Starter Kit Using Renesas H8S/2472

MOUNTAIN VIEW, Calif., May 11 /PRNewswire-FirstCall/ -- Pigeon Point Systems (PPS), an Actel company, announced a new Module Management Controller (MMC) Board Management Reference (BMR) Starter Kit based on the Renesas H8S/2472 microcontroller. The new kit provides a world-class solution for the mandatory management controllers used in AdvancedMC(TM) modules, both for AdvancedTCA(R) (ATCA) carriers and MicroTCA(R) shelves. The new kit inherits the outstanding compliance and interoperability record of Pigeon Point's existing MMC solution, which has been integrated into the AdvancedMC modules of dozens of companies around the world, with tens of thousands of units shipped.

The new MMC BMR Starter Kit provides a highly cost-effective way for AdvancedMC module developers to ensure the management subsystems of their AdvancedMC products are fully specification compliant and interoperable; these characteristics are crucial to market success and customer satisfaction for AdvancedMC modules. The core of the new reference design is the Renesas H8S/2472 controller, which has substantially more computing resources and integrated peripherals than the controller used in the existing BMR MMC solution (also supported).

Included in the new MMC BMR Starter Kit is a bench top management controller development board (implemented in an AdvancedMC form factor), full source code in C for the MMC firmware, comprehensive documentation, and a production license that grants the rights needed to design and bring to market AdvancedMC products such as this reference design and firmware. Also included in the Starter Kit is one year of email support and an option to have Pigeon Point's hardware engineers do a detailed review of the schematic for the MMC subsystem after integration into the customer board schematic, to ensure that the integration has been done successfully.

For more information on the H8S/2472-based MMC Starter Kit, visit http://www.pigeonpoint.com/products.html#board.

About Pigeon Point Systems

Pigeon Point Systems, a wholly owned subsidiary of Actel Corporation, delivers world-class management components for modular platforms based on the AdvancedTCA, AdvancedMC and MicroTCA architectures to leading companies worldwide. Pigeon Point's focus on providing dependable, proven solutions for the mandatory management controllers in these architectures allows customers to concentrate on the value-added aspects of their products. Deep expertise on these architectures ensures compliance and interoperability in the Pigeon Point components.

Pigeon Point, an executive member of PICMG(R), is a leader in its AdvancedTCA, AdvancedMC and MicroTCA subcommittees and is active in many other technical subcommittees. Pigeon Point is also a contributing member of the Service Availability Forum(TM) and a leader in its HPI Working Group. For more information on Pigeon Point Systems, visit http://www.pigeonpoint.com/.

About Actel

Actel is the leader in low-power FPGAs and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at http://www.actel.com/.

The Actel name and logo are registered trademarks of Actel Corporation. The Pigeon Point name and the stylized lighthouse logo are trademarks of Pigeon Point Systems. All other trademarks and service marks are the property of their respective owners.

Actel

CONTACT: Ivanya Terrazas of Actel Corporation, +1-650-318-7570,
ivanya.terrazas@actel.com

Web Site: http://www.pigeonpoint.com/
http://www.actel.com/

SAP to Acquire Carbon Management Solution Leader Clear Standards, Inc.SAP Accelerates Sustainability Solution Roadmap; Clear Standards Acquisition Provides On-Demand Carbon Management Solutions for Fast Time to Value And Complements the Capabilities of SAP(R) Business Suite and SAP(R) Environment, Health, and Safety Management.

STERLING, Va. and NEW YORK, May 11 /PRNewswire-FirstCall/ -- As part of its ongoing strategic commitment to improve its own sustainability performance and deliver superior sustainability solutions to customers, SAP AG today announced its intent to acquire Clear Standards, Inc. A privately held innovator of enterprise carbon management solutions, Clear Standards helps organizations accurately measure, optimize and report greenhouse gas (GHG) emissions and other environmental impacts across internal operations. With this move, SAP expects to accelerate its ability to meet the carbon management requirements of organizations in this time of increasingly stringent government regulations and expectations for better transparency by the public. Clear Standards provides SAP a mature sustainability solution and expertise in carbon management delivered through an agile, Web-based, on-demand delivery model. In order to reduce customer effort and cost around carbon management, SAP will leverage its business process expertise to enable Clear Standards to tap into financial and other data stored in enterprise solutions such as SAP(R) Business Suite 7 software and the SAP(R) Environment, Health, and Safety Management application.

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"It is essential that organizations gain actionable insight into their carbon emissions, water consumption, energy use and other environmental factors so they can lower their environmental impact," said SAP AG Co-CEO Leo Apotheker. "Having this ability also correlates to an organization's efficiency and competitiveness. With the acquisition of Clear Standards, we will accelerate our vision to deliver a complete set of solutions to enable end-to-end sustainable businesses. We welcome the Clear Standards team to SAP."

Clear Standards Assess provides the foundation for organizing and consolidating all emissions data across the enterprise, allowing businesses to determine and report their total environmental impact, including GHG emissions, water consumption and waste. Clear Standards Analyze provides detailed visualizations of emissions data, enabling insight-driven decisions on environmental initiatives. Finally, Clear Standards Act supports operational plans to meet sustainability goals and conform to voluntary goals and regulatory standards. By using embedded best practices in the solutions, businesses can plan for dramatic cost savings from energy and waste reduction, access decision-support metrics for optimizing investments in energy efficiency technologies, and seek to enhance brand value by providing credible transparency into sustainability initiatives.

"Clear Standards was established with the vision to help global organizations manage their operations with the added dimension of sustainability as a true driver of growth and innovation," said Clear Standards, Inc. Chairman and CEO Betsy Atkins. "Our team is excited to contribute to the next generation of SAP sustainability solutions. By joining SAP we expect to reach many more organizations needing to better manage their environmental impact and profitability."

The acquisition of Clear Standards is consistent with SAP's strategy to complement existing solutions with purchases of innovative technologies and capabilities. SAP anticipates the acquisition will be completed in June 2009. Clear Standards, Inc. has locations in Sterling, Virginia, and Delhi, India. Additional details about the integration of the companies will become available after closing. Terms of the transaction were not publicly disclosed.

For more information about SAP's sustainability efforts, visit the Sustainability Newsroom or the Sustainability at SAP section of http://www.sap.com/.

About Clear Standards

Clear Standards provides enterprise "Sustainability 2.0" software to help organizations accurately measure, mitigate, and monetize carbon emissions and other environmental impacts. Clear Standards enables businesses to identify opportunities for cost savings from energy and waste reduction, and optimize investment across a portfolio of energy efficiency projects. By following Clear Standards' embedded best practices, corporations can prepare for regulatory changes, reduce costs, and reinforce positive brand image by providing credible transparency into sustainability initiatives.

About SAP

SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 86,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit http://www.sap.com/.

SAPPHIRE(R) 2009 Orlando

More than 10,000 customers, partners and industry experts are convening at SAPPHIRE(R) 2009 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that help today's best-run businesses achieve clarity in every area of their operations. SAP's premier educational and networking event, SAPPHIRE is the one occasion each year where senior executives, business managers and decision-makers can come together to explore how innovative business solutions foster long-term, profitable growth. SAPPHIRE 2009 is being held in Orlando, Florida, May 11-14. For more information, please visit http://www.sap.com/sapphire. Join the conversation via Twitter at #sapphire09.

In addition to SAPPHIRE 2009, SAP is also hosting SAP(R) World Tour 2009, a series of local events in more than 70 cities through Europe, the Middle East, Asia and Latin America. For more information, visit the SAP World Tour event page on sap.com.

(*) SAP defines business software as comprising enterprise resource planning and related applications.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright (C) 2009 SAP AG. All rights reserved.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) For more information, press only: Shabana Khan, +1 650 461-1332, shabana.khan@sap.com, PDT Saswato Das, +1 212 653-9571 saswato.das@sap.com, EDT Evan Welsh, +49 (6227) 7-67514, evan.welsh@sap.com, CET

SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com

Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
http://photoarchive.ap.org/
photodesk@prnewswire.com SAP AG

CONTACT: Shabana Khan, +1-650-461-1332, shabana.khan@sap.com, PDT, or
Saswato Das, +1-212-653-9571, saswato.das@sap.com, EDT, or Evan Welsh, +49
(6227) 7-67514, evan.welsh@sap.com, CET, or SAP Press Office, +49 (6227)
7-46315, CET; +1-610-661-3200, EDT, press@sap.com, all of SAP AG

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

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