Novellus Develops Residue-Free, 3x/2xnm High Dose Implant Strip ProcessInnovative, CF4-Based Approach Eliminates Photoresist Popping and Residues That Negatively Impact Yield

SAN JOSE, Calif., May 13 /PRNewswire-FirstCall/ -- As device performance requirements increase at the 3xnm technology node and beyond, the requirements for photoresist strip and clean are changing significantly. Shallower junctions and more abrupt gate electrode profiles are driving lower energy, higher dose implant steps, with doses typically in the 1E15cm(-2) to 1E16cm(-2) range. While these higher implant doses are necessary for improved device performance, they create challenges for photoresist removal such as the formation of thicker, cross-linked polymer "crusts" on the top surface layer of the resist, as shown in Figure 1. Rapid removal of this crust at higher temperatures can lead to resist "popping," a condition where solvents in the resist outgas through the crust and generate residues on the wafer surface, negatively impacting device yield (see Figure 2). After the crust is removed, the bulk resist is stripped away, and any remaining residues are cleaned from the wafer surface. Use of a fluorine-based chemistry such as CF4 is the most efficient gas for this task; however, use of fluorine technology can be a challenge for some plasma-based systems requiring specific hardware modifications. In addition, the multiple temperatures and chemistries required for the High Dose Implant Strip (HDIS) process pose significant throughput challenges for strip systems based on single wafer process architectures.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090513/SF16432)

Confronting the challenges of HDIS integration at the 3x/2xnm node, Novellus has developed a residue-free strip process using CF4-based chemistries. The process runs on the GxT(R) photoresist strip platform that uses Novellus' multi-station sequential processing architecture (MSSP) to independently control chemistry and temperature at each process station. In the first step, the polymerized crust is removed, without popping, using an optimized process temperature. Subsequent stations, set to different temperatures, quickly remove the remaining resist and eliminate any residues from the wafer surface. No temperature or gas stabilization time is required between these steps, as would be required in a single wafer tool. MSSP enables the integration of optimized temperatures and chemistries for crust removal, bulk strip, and residue cleaning without sacrificing overall throughput. Figure 3 shows how residues are eliminated using Novellus' multi-temperature, CF4-based solution in comparison to non-CF4 approaches on the market. The GxT system has been engineered to be CF4-tolerant, resulting in world-class defectivity levels under high volume manufacturing conditions.

"Higher dose implants are creating significant photoresist removal challenges at the 3x/2x technology node," said David Cheung, director of technology for the Surface Integrity Group at Novellus. "Novellus' optimized CF4-based processes and MSSP architecture provide residue-free results, while providing industry-leading throughput for advanced HDIS applications."

For more information on 3x/2xnm residue-free strip processes, go to http://www.novellustechnews.com/.

About Novellus' Photoresist Strip Technology:

Novellus' GxT system provides advanced photoresist strip technology for the most demanding applications, including low silicon loss, high dose implant strip, plasma assisted doping, and reducing chemistries required for back-end-of-line clean applications. The G400 for bulk photoresist strip features the highest productivity and lowest cost of ownership of any system on the market.

About Novellus:

Novellus Systems, Inc. is a leading provider of advanced process equipment for the global semiconductor industry. The company's products deliver value to customers by providing innovative technology backed by trusted productivity. An S&P 500 company, Novellus is headquartered in San Jose, Calif. with subsidiary offices across the globe. For more information, please visit http://www.novellus.com/

Photo: http://www.newscom.com/cgi-bin/prnh/20090513/SF16432
PRN Photo Desk, photodesk@prnewswire.com Novellus Systems, Inc.

CONTACT: Bob Climo of Novellus Systems, Inc., +1-408-943-9700,
bob.climo@novellus.com; or Marla Kertzman of The Hoffman Agency,
+1-408-975-3067, mkertzman@hoffman.com, for Novellus Systems, Inc.

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

ShoreTel to Present at Upcoming Financial Conferences

SUNNYVALE, Calif., May 13 /PRNewswire-FirstCall/ -- ShoreTel(R), Inc. , a leading provider of Pure IP Unified Communications solutions, today announced its participation in three upcoming financial conferences. The Company will present at the JMP Securities Research Conference at The Ritz-Carlton in San Francisco, California. Chairman and CEO, John W. Combs and Chief Financial Officer, Mike Healy, are scheduled to present on May 18, 2009 at 3:00 p.m. PDT. The Company will also be presenting at the J.P. Morgan Technology Media Telecom Conference 2009 at the Westin Boston Waterfront in Boston, Massachusetts. Chief Financial Officer, Mike Healy, will present on May 20, 2009 at 10:40 a.m. EDT. Additionally, the Company will also present at the Barclays Capital 2009 Worldwide Wireless and Wireline Conference at the Crowne Plaza Hotel in New York City. John W. Combs is scheduled to present on May 27, 2009 at 12:00 p.m. EDT.

The presentations will be available live and, subsequently, on demand via the Internet at http://ir.shoretel.com/phoenix.zhtml?c=209131&p=irol-presentations. Investors should visit the site at least 15 minutes prior to the beginning of each scheduled presentation to register, download and install any necessary multimedia streaming software. The presentations will be archived and available for at least 30 days after each event.

About ShoreTel, Inc.

ShoreTel, Inc., is a leading provider of Pure IP Unified Communications systems. ShoreTel enables companies of any size to seamlessly integrate all communications-voice, data, messaging-with their business processes. Independent of device or location, ShoreTel's distributed software architecture eliminates the traditional costs, complexity and reliability issues typically associated with other solutions. ShoreTel continues to deliver the highest levels of customer satisfaction, ease of use and manageability while driving down the overall total cost of ownership. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/ or call 1-877-80SHORE.

Investor Contact: Tonya Chin ShoreTel, Inc. 408-962-2573 tchin@shoretel.com

ShoreTel, Inc.

CONTACT: Investors, Tonya Chin of ShoreTel, Inc., +1-408-962-2573,
tchin@shoretel.com

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

Orbitz Worldwide, Inc. to Participate at the 37th Annual J.P. Morgan Global Technology, Media and Telecom Conference

CHICAGO, May 13 /PRNewswire-FirstCall/ -- Orbitz Worldwide, Inc. announced today that it will participate in the 37th Annual J.P. Morgan Global Technology, Media and Telecom Conference in Boston, Massachusetts on Tuesday, May 19, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM125LOGO)

Barney Harford, President and CEO of Orbitz Worldwide, will participate in a question and answer session that will begin at 3:40 pm Eastern Time (EDT). A live audiocast of the session will be available to the public through the company's Investor Relations website at http://www.orbitz-ir.com/. A replay of the audiocast will be available on the Investor Relations website for approximately 30 days.

About Orbitz Worldwide

Orbitz Worldwide is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns a portfolio of consumer brands that includes Orbitz (http://www.orbitz.com/), CheapTickets (http://www.cheaptickets.com/), ebookers (http://www.ebookers.com/), HotelClub (http://www.hotelclub.com/), RatesToGo (http://www.ratestogo.com/), the Away Network (http://www.away.com/), and corporate travel brand Orbitz for Business (http://www.orbitzforbusiness.com/). For more information on partnership opportunities with Orbitz Worldwide, visit http://corp.orbitz.com/. Orbitz Worldwide uses its Investor Relations website to make information available to its investors and the public at http://www.orbitz-ir.com/. You can sign up to receive email alerts whenever the company posts new information to the website.

Photo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM125LOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Orbitz Worldwide, Inc.

CONTACT: Media, Brian Hoyt, +1-312-752-5436, bhoyt@orbitz.com, or
Investors, Frank Petito, fpetito@orbitz.com, both of Orbitz Worldwide

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

ATA Announces Preliminary Results for the Fourth Quarter and Fiscal Year Ended March 31, 2009

BEIJING, May 13 /Xinhua-PRNewswire-FirstCall/ -- ATA Inc. ("ATA" or the "Company") , the leading provider of computer-based testing and testing-related services in China, today announced preliminary unaudited financial results for the fiscal year and fourth quarter ended March 31, 2009.

The following are estimates of the Company's preliminary unaudited financial results for the fiscal year and fourth quarter ended March 31, 2009. Please note that these estimates remain subject to change. These results may, for example, become subject to adjustment based upon, among other things, completion of the full-year reporting process, and audited results could differ materially from the estimates provided below. For additional information regarding the various risks and uncertainties inherent in estimates of this type, see the section entitled "Cautionary Note Regarding Forward-Looking Statements" at the end of this press release.

Preliminary Fiscal Year 2009 Highlights -- Net revenue increased 27.6% year-over-year to RMB219.6 million (US$32.1 million). -- Gross profit increased 21.2% year-over-year to RMB127.5 million (US$18.7 million). -- Income from operations increased to RMB34.8 million (US$5.1 million) compared to RMB23.4 million in the previous year. -- Net income was RMB30.7 million (US$4.5 million), compared to RMB20.2 million in the previous year. -- Net income excluding share-based compensation expense and foreign currency exchange losses, net (non-GAAP) was RMB35.6 million (US$5.2 million), compared to RMB27.7 million in the previous year. -- Basic and diluted earnings per common share were RMB0.68 (US$0.10) and RMB0.66 (US$0.10), respectively. Basic and diluted earnings per common share excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) were RMB0.78 (US$0.11) and RMB0.77 (US$0.11), respectively. -- Basic and diluted earnings per ADS were RMB1.35 (US$0.20) and RMB1.33 (US$0.19), respectively. Basic and diluted earnings per ADS excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) were RMB1.57 (US$0.23) and RMB1.54 (US$0.23), respectively. Each ADS represents two common shares of the Company. Please see the note about non-GAAP measures and the reconciliation table at the end of this press release. -- For the full year, ATA delivered approximately 5.1 million tests, an increase of 39.4% year over year, while average revenue per test increased to RMB27.2 from RMB21.5 in the same period last year. Preliminary Fourth Quarter 2009 Highlights -- Net revenue increased by 8.8% year-over-year to RMB31.7 million (US$4.6 million). -- Gross profit decreased by 4.6% year-over-year to RMB15.3 million (US$2.2 million). -- Loss from operations decreased to RMB4.6 million (US$0.7 million) from an operating loss of RMB6.8 million in the same period last year. -- Net loss was RMB4.0 million (US$0.6 million) compared to net loss of RMB5.7 million in the same period last year. -- Net loss excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) was RMB3.0 million (US$0.5 million) compared to net loss of RMB4.2 million in the same period last year. -- Basic and diluted loss per common share was RMB0.09 (US$0.01). Basic and diluted loss per common share excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) was RMB0.07 (US$0.01). -- Basic and diluted loss per ADS was RMB0.18 (US$0.03). Basic and diluted loss per ADS excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) was RMB0.13 (US$0.02). Each ADS represents two common shares of the Company. Please see the note about non-GAAP measures and the reconciliation table at the end of this press release. -- For the quarter, ATA delivered approximately 677,000 tests, an increase of 13.5% year-over-year. In addition, average revenue per test increased to RMB27.0 from RMB19.2 in the same period last year.

"We achieved 27.6% growth in our net revenue in 2009," commented Kevin Ma, ATA's Chairman and Chief Executive Officer. "We are pleased to report this performance despite no new ministry-level client launch of new large-scale industry vertical test titles during the year. This means that the platform of existing clients and services we established in 2008 continues to contribute to sustainable, strong organic growth. In addition to our healthy organic growth, we reached important milestones in the execution of our strategic plan with our appointment as exclusive country master distributor for the Test of English for International Communication ("TOEIC") for Educational Testing Service ("ETS") and the launch of our HR Select service. These important milestones allow ATA to diversify into the non-government sponsored testing areas and reduce our dependency on government decisions. With the addition of these new services oriented towards the private sector, and as we continue to make progress with our pending ministry customers, we believe we are in a better position today than ever before to monetize the large testing opportunity in China. I would like to take this opportunity to thank our shareholders for support to ATA throughout the year amid a global financial crisis. We will continue to work hard at creating value for our shareholders as we grow our presence in the large testing market in China and continue to strengthen our corporate governance practices while remaining financially prudent."

ATA's Chief Financial Officer, Carl Yeung, stated, "Our Fourth Quarter results were ahead of our guidance due to stronger than expected test-taker volume for the Securities Association of China. The exams for brokers and fund sales professionals launched in fiscal 2009 added 168,000 test takers in a seasonally slow quarter and contributed to slightly higher overall average revenue per test. In addition, we booked our first TOEIC test in March 2009, which also contributed positively to the seasonally slower quarter. Offsetting this was 57% year over year decline in quarterly revenue, from testing services provided to the Ministry of Human Resources and Social Security (MOHRSS), formerly the Ministry of Labor. We believe this decline was due to the integration of the Ministry of Labor and the Ministry of Personnel to form MOHRSS. As the new ministry carried out broader integration tasks, one result was lower-than-normal levels of publicity for these tests, and we are confident that a normal course of growth will resume as the integration is completed. We believe the revenue opportunity behind TOEIC and HR Select will also become more visible in the quarters ahead as these services mature. Based on these expected trends, combined with a highly scalable operation, we look forward to even stronger financial performance in coming quarters."

Preliminary Financial Results for the Fourth Quarter of 2009

For the fourth quarter ended March 31, 2009 ("Fourth Quarter 2009"), ATA estimates net revenue to total RMB31.7 million (US$4.6 million), representing an 8.8% increase year over year. This increase was mainly driven by an estimated 59.1% increase in net revenue from testing services, and an estimated 104.3% increase in net revenue from test preparation and training solutions, while test-based educational programs declined by an estimated 33.3%.

The overall number of tests delivered increased by 13.5% year over year to approximately 677,000 in Fourth Quarter 2009, while the average revenue per test delivered rose to RMB27.0 from RMB19.2 in the same period of fiscal year 2008. This increase in average revenue per test was due in part to a significant increase in the number of tests delivered for the Securities Association of China.

Fourth Quarter 2009 gross profit is estimated to have decreased by 4.6% year over year to RMB15.3 million (US$2.2 million) from RMB16.0 million in the same period last year. Gross margin is estimated to have decreased to 48.1% in Fourth Quarter 2009 from 54.9% in the same period last year, driven by the increase of amortization on internal-use software for future business, and the decrease of profitability on testing service provided to MOHRSS, formerly the Ministry of Labor. The newly created MOHRSS resulted in a 57% year-on-year decline in test volume while relevant fixed cost was maintained.

Fourth Quarter 2009 operating expenses are estimated to have decreased by 12.8% year over year to RMB20.0 million (USS$2.9 million) from RMB22.8 million in the same period last year, primarily due to the decrease in sales and marketing expenses related to the bonus to sales persons, and share-based compensation.

Loss from operations is estimated to decrease to RMB4.6 million (US$0.7 million) for Fourth Quarter 2009 from an operating loss of RMB6.8 million in the same period last year. Operating margin is expected to be negative 14.5% in the Fourth Quarter of 2009 compared to negative 23.3% in the same period last year. Operating margins improved due to the decrease of operating expenses.

Net loss for the Fourth Quarter 2009 is estimated to be RMB4.0 million (US$0.6 million), compared to net loss of RMB5.7 million in the same period last year. Basic and diluted loss per common share is expected to total RMB0.09 (US$0.01), and basic and diluted loss per ADS totaled RMB0.18 (US$0.03).

Net loss excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) is expected to total RMB3.0 million (US$0.5 million) for Fourth Quarter 2009 compared to loss of RMB4.2 million in the same period last year. Basic and diluted loss per common share excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) are expected to be RMB0.07 (US$0.01). Basic and diluted loss per ADS excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) are expected to be RMB0.13 (US$0.02). Please see the note about non-GAAP measures and the reconciliation table at the end of this press release.

Preliminary Financial Results for the Fiscal Year Ended March 31, 2009

For the fiscal year ended March 31, 2009, ATA estimates net revenue of RMB219.6 million (US$32.1 million), representing a 27.6% increase over net revenue for the fiscal year ended March 31, 2008.

The total number of tests delivered was approximately 5.1 million, an increase of 39.4% over the fiscal year ended March 31, 2008, while average revenue per test increased to RMB27.2 from RMB21.5 the prior year.

The gross profit margin for the full year is expected to be 58.0% compared to 61.1% for the fiscal year ended March 31, 2008 due to lower contribution from the Company's higher gross margin test preparation and training solutions, and lower gross margin in the Fourth Quarter.

The Company's operating margin is expected to improve to 15.8% compared to 13.6% for the fiscal year ended March 31, 2008.

Net income is estimated to be RMB30.7 million (US$4.5 million), and net income excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) is estimated to be RMB35.6 million (US$5.2 million).

Basic and diluted earnings per common share were RMB0.68 (US$0.10) and RMB0.66 (US$0.10), respectively. Basic and diluted earnings per common share excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) were RMB0.78 (US$0.11) and RMB0.77 (US$0.11), respectively.

Basic and diluted earnings per ADS are expected to be RMB1.35 (US$0.20) and RMB1.33 (US$0.19), respectively. Basic and diluted earnings per ADS excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) are expected to be RMB1.57 (US$0.23) and RMB1.54 (US$0.23), respectively. Please see the note about non-GAAP measures and the reconciliation table at the end of this press release.

Other Operating Data

As of March 31, 2009, ATA had 1,925 authorized test centers located throughout China.

The number of weighted average ADSs used to calculate basic and diluted earnings per ADS for the quarter ended March 31, 2009 were 22.8 million. The number of weighted average ADSs used to calculate basic and diluted earnings per ADS for the year ended March 31, 2009 were 22.7 million and 23.1 million, respectively. Each ADS represents two common shares.

ATA had 45.1 million common shares outstanding as of March 31, 2009. First Quarter 2010 and Full Year Fiscal Year 2010 Guidance

For the fiscal 2010 first quarter, ending June 30, 2009, ATA forecasts net revenue will be in the range of RMB76 million to RMB81 million, representing growth in the range of 11% to 19% compared to the first quarter of fiscal 2009. ATA's preliminary guidance for net revenue for the fiscal year ended March 31, 2010 is in the range of RMB260 million to RMB280 million, which would represent 18% to 28% growth over estimated net revenue for fiscal year 2009. These forecasts reflect the Company's policy to not include new or unimplemented contracts in its guidance. This is ATA's current and preliminary view, which is subject to change. Our preliminary results of operations for Fourth Quarter 2009 and the fiscal year ended March 31, 2009 are not necessarily indicative of our operating results for any future periods.

Conference Call

The Company will host a conference call at 9:00 a.m. ET on May 14, 2009, to discuss the results for Fourth Quarter 2009 and full fiscal year. Joining Kevin Ma, Chairman and Chief Executive Officer of ATA Inc., will be Walter Wang, Director and President, and Carl Yeung, Chief Financial Officer. To participate in the conference call, please dial +1-866-203-3206 five to ten minutes prior to the scheduled conference call time and mention the pass code 63747188. International callers should dial +1-617-213-8848, and mention the pass code 63747188.

If you are unable to participate in the call at this time, a replay will be available on May 14, 2009 at 12:00 p.m. ET, through May 21, 2009. To access the replay, dial +1-888-286-8010, international callers should dial +1-617-801-6888, and enter the pass code 26515642.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties on ATA Inc.'s website at http://www.ata.net.cn/ . To listen to the live webcast, please go to ATA Inc.'s website 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 replay will be available shortly after the call on ATA Inc.'s website for 90 days.

Other Announcements

On February 28, 2009, ATA completed the acquisition of the entire equity interest of Beijing Jindixin Software Technology Company Limited, or Beijing Jindixin, and its parent company, JDX Holdings Limited. The acquisition is expected to expand ATA's business by allowing ATA to market test delivery services to test sponsors that are using software developed by Beijing Jindixin. The valuation for the fair value of the assets acquired and the liabilities assumed on February 28, 2009 is still in process.

About ATA Inc.:

ATA is the leading provider of computer-based testing services in China. The Company offers comprehensive services for the creation and delivery of computer-based tests based on its proprietary testing technologies and test delivery platform. The Company's computer-based testing services are used for professional licensure and certification tests in various industries, including information technology, or IT, services, banking, teaching, securities, insurance and accounting. ATA's test center network comprised 1,925 authorized test centers located throughout China as of March 31, 2009, which the Company believes is the largest test center network of any commercial testing service provider in China. Combined with its test delivery technologies, this network allows ATA's clients to administer large-scale nationwide tests in a consistent, secure and cost-effective manner. ATA has delivered over 28 million tests including 18.4 million billable tests since it commenced operations in 1999, and in June 2008 delivered tests to approximately 470,000 test takers over a single weekend for the China Banking Association through its test delivery platform. For further information, please visit: http://www.ata.net.cn/ .

Cautionary Note Regarding Forward-looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "look forward to," "outlook," "forecast," "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate" and similar terminology and include, among other things, the Company's guidance relating to anticipated financial and operating results for the fiscal quarter ending June 30, 2009 and the fiscal year ending March 31, 2010. Among the factors that could cause the Company's actual financial and operating results to differ from what the Company currently anticipates may include the Company's ability to meet challenges associated with its rapid expansion, the Company's ability to meet the expectations of current and future clients, the Company's ability to deploy new test titles, the Company's ability to win new enterprise contracts, the Company's ability to convert its existing enterprise contracts into actual revenue, the Company's ability to implement and maintain effective internal controls over financial reporting, the health of the PRC economy, and uncertainties with respect to the PRC legal and regulatory environments. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's annual report on Form 20-F for its fiscal year ended March 31, 2008, which was filed with the U.S. Securities and Exchange Commission on August 28, 2008 and is available on the Securities and Exchange Commission's website at http://www.sec.gov/ . For additional information on these and other important factors that could adversely affect the Company's business, financial condition, results of operations and prospects, see the "Risk Factors" section of the Company's Form 20-F for the fiscal year ended March 31, 2008.

The forward-looking statements in this release involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the markets in which it operates. The Company undertakes no obligation to update forward-looking statements, which speak only of the Company's views as of the date of this release, to reflect subsequent events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, the Company cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

About Non-GAAP Financial Measures

To supplement ATA's consolidated financial information presented in accordance with U.S. generally accepted accounting principles ("GAAP"), ATA uses the following measures defined as non-GAAP financial measures by the U.S. Securities and Exchange Commission: net income excluding share-based compensation expenses and foreign currency exchange gains (losses) and basic and diluted earnings per ADS excluding share-based compensation expenses and foreign currency exchange gains (losses). The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of Non-GAAP Measures to the Most Comparable GAAP Measures" set forth at the end of this release. ATA believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based compensation expenses and foreign currency exchange gains (losses), which may not be indicative of its operating performance from a cash perspective. ATA believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to ATA's historical performance and liquidity. ATA computes its non-GAAP financial measures using a consistent method from quarter to quarter. ATA believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP net income excluding share-based compensation expenses and basic and diluted earnings per share and per ADS excluding share-based compensation expenses is that share-based compensation charges have been, and are expected to continue to be for the foreseeable future, a significant recurring expense in ATA's business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The table captioned "Unaudited Reconciliations of Non-GAAP Measures to the Most Comparable GAAP Measures" set forth at the end this release has more details on the reconciliations between GAAP financial measures that are most directly comparable to the non-GAAP financial measures used by ATA.

Currency Convenience Translation

The Company's financial information is stated in RMB. The translation of RMB amounts for the fourth quarter of 2009 into United States dollars is included solely for the convenience of readers and has been made at the rate of RMB6.8329 to US$1.00, the noon buying rate as of March 31, 2009 in the City of New York for cable transfers in RMB per US dollar as certified for customs purposes by the Federal Reserve Bank of New York. Such translations should not be construed as representations that RMB amounts could be converted into US dollars at that rate or any other rate, or to be the amounts that would have been reported under US GAAP.

UNAUDITED RECONCILIATIONS OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES Three-month Period Ended Fiscal Year Ended March 31, March 31, March 31, March 31, 2008 2009 2008 2009 RMB RMB RMB RMB GAAP net income (loss) (5,721,873) (3,999,777) 20,169,779 30,690,074 Share-based compensation expenses 1,893,938 993,523 7,252,520 5,585,409 Foreign currency exchange (gain) losses, net (379,425) 3,873 235,742 (665,557) Non-GAAP net income (loss) (4,207,360) (3,002,381) 27,658,041 35,609,926 GAAP earnings per ADS: Basic (0.32) (0.18) 1.59 1.35 Basic Diluted (0.32) (0.18) 1.07 1.33 Share-based compensation expenses per ADS: Basic 0.11 0.04 0.57 0.25 Diluted 0.11 0.04 0.38 0.24 Foreign currency exchange (gain) losses per ADS: Basic (0.02) 0.01 0.01 (0.03) Diluted (0.02) 0.01 0.01 (0.03) Non-GAAP earnings per ADS: Basic (0.23) (0.13) 2.17 1.57 Diluted (0.23) (0.13) 1.46 1.54 Non-GAAP earnings per common share: Basic (0.12) (0.07) 1.09 0.78 Diluted (0.12) (0.07) 0.73 0.77 For further information, please contact: ATA Inc. Carl Yeung, CFO Tel: +86-10-6518-1122 ext. 5107 CCG Elite Investor Relations Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Ed Job, CFA Tel: +1-646-213-1914 Email: ed.job@ccgir.com

ATA Inc.

CONTACT: ATA Inc., Carl Yeung, CFO, +86-10-6518-1122 ext. 5107 or CCG
Elite Investor Relations, Crocker Coulson, President, +1-646-213-1915,
crocker.coulson@ccgir.com and Ed Job, CFA, +1-646-213-1914, ed.job@ccgir.com,
both for ATA Inc.

Web site: http://www.ata.net.cn/

Emmanuel T. Hernandez Joins MEMC Board

ST. PETERS, Mo., May 13 /PRNewswire-FirstCall/ -- MEMC Electronic Materials, Inc. announced today that Emmanuel T. Hernandez has been appointed to the company's Board of Directors, effective May 12. With the addition of Mr. Hernandez, MEMC's Board increases to 10 members.

In his most recent role, Mr. Hernandez, 53, served as the chief financial officer of SunPower Corporation until his retirement in November 2008, and subsequent transition role through January 2009. Prior to April 2005, he served for more than 11 years as the executive vice president of finance and administration and chief financial officer for Cypress Semiconductor, having joined that company in 1993 as its corporate controller. Prior to that, Mr. Hernandez held various financial positions with National Semiconductor Corporation from 1976 through 1993. He currently serves on the board of directors of Aruba Networks and ON Semiconductor Corporation.

"Manny's knowledge and experience in the semiconductor and solar industries, as well as global financial markets, will be tremendous assets to the MEMC Board," said John Marren, Chairman of the Board. "We are delighted to have a seasoned executive of Manny's stature to help guide the company forward."

Ahmad Chatila, MEMC's Chief Executive Officer commented, "Not only does Manny bring us outstanding leadership in the semiconductor industry, he will make significant contributions to our solar strategy. His unique combination of knowledge and experience makes him a great addition to our Board. We look forward to his guidance in reaching our growth objectives, crafting future strategies and best serving the needs of our customers."

Mr. Hernandez holds a Bachelor's Degree in Accounting from the University of Nueva Caceres in the Philippines, received his CPA license from the Philippine Institute of Certified Public Accountants and earned a Master's Degree in Finance from Golden Gate University in San Francisco.

About MEMC

MEMC is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries. MEMC has been a pioneer in the design and development of wafer technologies over the past fifty years. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. MEMC's common stock is listed on the New York Stock Exchange under the symbol 'WFR' and is included in the S&P 500 Index.

MEMC Electronic Materials, Inc.

CONTACT: Bill Michalek, Director, Investor & Media Relations, MEMC
Electronic Materials, Inc., +1-636-474-5443

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

CA Reports Strong Full Fiscal Year 2009 ResultsMeets or Exceeds Outlook for Revenue, Bookings, EPS and Cash Flow From Operations

ISLANDIA, N.Y., May 13 /PRNewswire-FirstCall/ --

-- Full year non-GAAP earnings per share up 30 percent to $1.55; GAAP earnings per share up 39 percent to $1.29 -- Full year revenue up 1 percent in constant currency to $4.271 billion, flat as reported -- Full year cash flow from operations up 10 percent to $1.212 billion -- Fourth quarter non-GAAP earnings per share up 41 percent to $0.31; GAAP earnings per share flat at $0.13 -- Fourth quarter revenue up 2 percent in constant currency to $1.035 billion, down 5 percent as reported -- Issues outlook for fiscal year 2010

CA, Inc. , the world's leading independent IT management software company, today reported results for its fourth quarter and full 2009 fiscal year, ended March 31, 2009.

"CA executed well in the face of a difficult economy," said John Swainson, CA's chief executive officer. "We achieved strong earnings growth and growth in cash flow from operations in part because of the implementation of strong expense controls. We also continued to grow revenue in constant currency. While we are assuming a continuing downturn into at least the early part of fiscal year 2010, we are making significant investments in new and improved products and sales resources and we again are forecasting growth in revenues and earnings on a constant currency basis.

"Our concept of 'Lean IT' is all about helping customers make their IT infrastructures nimble, efficient and a competitive advantage with a rapid time to value," Swainson continued. "We can't predict when the recovery will begin, but we strongly believe technology will lead the way. Overall, I feel good about where we are and where we are heading."

CA earned GAAP net income for its fourth quarter of $72 million or $0.13 per diluted common share, flat compared with net income of $71 million or $0.13 per diluted common share reported a year earlier. For the full year, the Company reported GAAP net income of $694 million or $1.29 per diluted common share, compared with net income of $500 million or $0.93 per diluted common share in the prior fiscal year, representing a 39 percent increase in earnings per share.

CA reported non-GAAP net income of $169 million for the fourth quarter, or $0.31 per diluted common share, compared with $117 million, or $0.22 per diluted common share reported a year earlier, representing a 41 percent increase in non-GAAP earnings per share. For the full year, CA reported non-GAAP net income of $835 million, or $1.55 per diluted common share, compared with $642 million, or $1.19 per diluted common share, reported in the prior fiscal year, representing a 30 percent increase in non-GAAP earnings per share.

Total revenue for the fourth quarter was $1.035 billion, down 5 percent as reported, but up 2 percent in constant currency, from the $1.085 billion reported in the similar period last fiscal year. For the full fiscal year, revenue was $4.271 billion, virtually flat as reported, but up one percent in constant currency, from the $4.277 billion in revenue reported in the prior year.

In the fourth quarter, total North American revenue was up 6 percent as reported, or 7 percent in constant currency, while revenue from international operations was down 17 percent as reported, or 4 percent in constant currency, compared with the similar period last year. For the full year, North American revenue was up 3 percent as reported, or 4 percent in constant currency, while international operations were down 4 percent as reported, or 3 percent in constant currency. (The impact of currency on revenue, as well as total bookings and total expenses before interest and income taxes is in Table 4 located at the end of the news release.)

Total bookings in the fourth quarter were $1.465 billion, down 3 percent as reported, or up 6 percent in constant currency, compared with $1.518 billion reported in the prior year comparable period. On a full year basis, total bookings were $5.245 billion, up 11 percent as reported, or up 15 percent in constant currency, from the $4.724 billion reported in the prior fiscal year. During the fourth quarter, the Company signed 20 license agreements with incremental values greater than $10 million for a total of $736 million compared with 19 license agreements totaling $557 million in the fourth quarter of fiscal year 2008. Weighted average life of subscription and maintenance bookings for the fiscal year was 3.6 years, compared with 3 years in fiscal year 2008.

Total expenses, before interest and income taxes, for the fourth quarter were $855 million, a decrease of 9 percent as reported, or 3 percent in constant currency, compared with $935 million in the prior year period. In the fourth quarter, GAAP operating income, before interest and income taxes, was $180 million, up 20 percent from the $150 million reported in the prior year period and representing an operating margin of 17 percent, a 3 percentage point improvement from the prior year period.

For the full fiscal year, total expenses, before interest and income taxes, were $3.144 billion, a decrease of 8 percent both as reported and in constant currency, compared with $3.423 billion in the prior fiscal year. GAAP operating income, before interest and income taxes, for the full year was $1.127 billion, up 32 percent from the $854 million reported in the prior year period and representing an operating margin of 26 percent, a 6 percentage point improvement from the prior year period.

On a non-GAAP basis, which excludes purchased software and intangibles amortization, restructuring and other costs, and includes gains and losses since inception of hedges that mature within the quarter, but excludes gains and losses of hedges that do not mature within the quarter, the Company reported fourth quarter operating expenses of $721 million, down 13 percent as reported, or 6 percent in constant currency, from the $831 million reported in the prior year period. For the fourth quarter, non-GAAP operating income, before interest and income taxes, was $314 million, up 24 percent from the $254 million reported in the prior year period and representing a non-GAAP operating margin of 30 percent, a 7 percentage point improvement from the fourth quarter of fiscal year 2008.

For the full year, non-GAAP operating expenses were $2.932 billion, down 8 percent as reported, or 7 percent in constant currency, from the $3.177 billion reported in the previous fiscal year. For the full fiscal year, non-GAAP operating income, before interest and income taxes, was $1.339 billion, up 22 percent from the $1.1 billion reported in the prior fiscal year and representing a non-GAAP operating margin of 31 percent, a 5 percentage point improvement from fiscal year 2008.

In the fourth quarter, the GAAP tax rate was 57 percent while the effective tax rate on non-GAAP income was 45 percent. For the full year, both the GAAP and the non-GAAP tax rates were 37 percent.

The Company reported cash flow from operations of $648 million in the fourth quarter, down 6 percent from the $690 million recorded in the fourth quarter of fiscal year 2008. For the full fiscal year, the Company reported cash flow from operations of $1.212 billion, up 10 percent from the $1.103 billion recorded in the 2008 fiscal year.

Capital Structure

The balance of cash, cash equivalents and marketable securities at March 31, 2009, was $2.713 billion. With $1.937 billion in total debt outstanding, the Company has a net cash position of $776 million.

Outlook for Fiscal Year 2010

The Company issued its outlook for fiscal year 2010. The following represents "forward-looking statements" (as defined below).

The Company expects the following: -- GAAP diluted earnings per share growth in constant currency in a range of 17 percent to 25 percent and 8 to 16 percent at current exchange rates. At current exchange rates, this translates to reported diluted earnings per share of $1.39 to $1.49; -- Non-GAAP diluted earnings per share growth in constant currency in a range of 5 percent to 12 percent and negative 3 percent to positive 4 percent at current exchange rates. At current exchange rates, this translates to reported non-GAAP diluted earnings per share of $1.51 to $1.61; -- Total revenue growth in a range of 2 percent to 4 percent in constant currency and negative 3 percent to negative 1 percent at current exchange rates. At current exchange rates, this translates to reported revenue of $4.16 billion to $4.24 billion; and, -- Cash flow from operations growth of 12 percent to 18 percent in constant currency and 3 percent to 9 percent at current exchange rates. At current exchange rates, this translates to reported cash flow from operations of $1.25 billion to $1.32 billion. The cash flow from operations outlook includes approximately $50 million in restructuring payments accrued during FY 2009.

Except as otherwise noted, guidance reflects current foreign currency exchange rates as of March 31, 2009. The outlook also assumes no material acquisitions and a partial currency hedge of operating income. The Company also expects a full-year tax rate of approximately 36 percent.

The Company anticipates approximately 517 million shares outstanding at fiscal 2010 year-end and a weighted average diluted share count of approximately 536 million for the fiscal year.

A reconciliation of each non-GAAP measure to its most directly comparable GAAP financial measure is included in the tables provided as part of this press release.

This news release and the accompanying tables should be read in conjunction with additional content that is available on the Company's website, including a supplemental financial package as well as a webcast that the Company will host at 5 p.m. ET today to discuss its fourth quarter and full fiscal year 2009 results. The webcast will be archived on the website. Individuals can access the webcast, as well as this press release and supplemental financial information, at http://ca.com/invest or listen to the call at 1-877-852-6583. International participants can listen to the call at 1-719-325-4775.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090402/NYTH500LOGO ) About CA

CA is the world's leading independent IT management software company. With CA's Enterprise IT Management (EITM) vision and expertise, organizations can more effectively govern, manage and secure IT to optimize business performance and sustain competitive advantage. For more information, visit http://www.ca.com/.

Non-GAAP Financial Measures

This news release, the accompanying tables and the additional content that is available on the Company's website, including a supplemental financial package, includes certain financial measures that exclude the impact of certain items and therefore have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP). Non-GAAP metrics for operating expenses, operating income, operating margin, income from operations and diluted earnings per share exclude the following items: non-cash amortization of purchased software and other intangibles, charges for in-process research and development costs, restructuring and other charges and the gains and losses since inception of hedges that mature within the quarter, but excludes gains and losses of hedges that do not mature within the quarter. Non-GAAP income also excludes the interest on convertible bonds. The effective tax rate on GAAP and non-GAAP income is the Company's provision for income taxes expressed as a percentage of GAAP and non-GAAP income before income taxes, respectively. Such tax rates reflect the statutory tax rate after the adjustments for the impacts of certain discrete items (such as decreases in non-US tax rates, reconciliations of tax returns to tax provisions and resolutions of tax contingencies). Non-GAAP adjusted cash flow excludes restructuring and other payments. Free cash flow excludes capital expenditures. Constant currency calculations are performed by applying prior period foreign exchange rates to current period local currency balances. These non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. By excluding these items, non-GAAP financial measures facilitate management's internal comparisons to the Company's historical operating results and cash flows, to competitors' operating results and cash flows, and to estimates made by securities analysts. Management uses these non-GAAP financial measures internally to evaluate its performance and they are key variables in determining management incentive compensation. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making. In addition, the Company has historically reported similar non-GAAP financial measures to its investors and believes that the inclusion of comparative numbers provides consistency in its financial reporting. Investors are encouraged to review the reconciliation of the non-GAAP financial measures used in this news release to their most directly comparable GAAP financial measures, which are attached to this news release.

Cautionary Statement Regarding Forward-Looking Statements

We have assessed and will continue to assess the impact on our business of the general economic downturn and the related impact on the financial services sector in particular. Approximately one third of our revenue comes from arrangements with financial institutions (i.e., banking, brokerage and insurance companies). The majority of these arrangements are for the renewal of mainframe capacity and maintenance associated with transactions processed by such financial institutions. While we cannot predict what impact there may be on our business from further consolidation of the financial industry sector, or the impact from the economy in general on our business, to date the impact has not been material to our balance sheet, results of operations or cash flows. The vast majority of our subscription and maintenance revenue in any particular reporting period comes from contracts signed in prior periods, generally pursuant to contracts ranging in duration from three to five years.

Certain statements in this communication (such as statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) constitute "forward-looking statements" that are based upon the beliefs of, and assumptions made by, the Company's management, as well as information currently available to management. These forward-looking statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: global economic factors or political events beyond the Company's control; general economic conditions, including concerns regarding a global recession and credit constraints, or unfavorable economic conditions in a particular region, industry or business sector; impact of revenue recognition accounting policies on operating results; failure to expand channel partner programs; ability to adequately manage and evolve financial reporting and managerial systems and processes; ability to successfully integrate acquired companies and products into existing businesses; competition in product and service offerings and pricing; ability to retain and attract qualified key personnel; rapid technological and market changes; dependence on third party operating systems and software; use of software from open source code sources; discovery of errors in the Company's software and potential product liability claims; significant amounts of debt and possible future credit rating changes; the failure to protect the Company's intellectual property rights and source code; the timing of orders from customers and channel partners; reliance upon large transactions with customers; sales to government customers; breaches of the Company's software products and the Company's and customers' data centers and IT environments; lack of market growth in key product areas; use of third party microcode; third party claims of intellectual property infringement or royalty payments; fluctuations in foreign currencies; failure to successfully execute restructuring plans and related sales model changes; successful outsourcing of various functions to third parties; potential tax liabilities; and these factors and the other factors described more fully in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

Copyright (C) 2009 CA, Inc. All Rights Reserved. One CA Plaza, Islandia, N.Y. 11749. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

Contacts: Dan Kaferle Carol Lu Public Relations Investor Relations (631) 342-2111 (212) 415-6920 daniel.kaferle@ca.com carol.lu@ca.com Table 1 CA, Inc. Condensed Consolidated Statements of Operations (in millions, except per share amounts) (unaudited) Three Months Fiscal Year Ended Ended March 31, March 31, --------- --------- Revenue: 2009 2008(1) 2009 2008(1) ---- ---- ---- ---- Subscription and maintenance revenue $913 $951 $3,772 $3,762 Professional services 84 103 358 383 Software fees and other 38 31 141 132 ----- ----- ----- ----- Total revenue 1,035 1,085 4,271 4,277 ----- ----- ----- ----- Expenses: Costs of licensing and maintenance 73 73 298 272 Cost of professional services 68 90 307 368 Amortization of capitalized software costs 34 30 125 117 Selling and marketing 299 371 1,214 1,327 General and administrative 122 124 464 530 Product development and enhancements 128 136 486 526 Depreciation and amortization of other intangible assets 40 39 149 156 Other (gains) expenses, net (5) (2) (1) 6 Restructuring and other 96 74 102 121 ----- ----- ----- ----- Total expenses before interest and income taxes 855 935 3,144 3,423 ----- ----- ----- ----- Income before interest and income taxes 180 150 1,127 854 Interest expense, net 11 9 25 46 ----- ----- ----- ----- Income before income taxes 169 141 1,102 808 Income tax expense 97 70 408 308 ----- ----- ----- ----- NET INCOME $72 $71 $694 $500 ===== ===== ===== ===== Basic income per share $0.14 $0.14 $1.35 $0.97 Basic weighted average shares used in computation 514 510 513 514 Diluted income per share (2) $0.13 $0.13 $1.29 $0.93 Diluted weighted average shares used in computation (2) 541 537 540 541 (1) Certain balances have been reclassified to conform to current period presentation. (2) Net income and the number of shares used in the computation of diluted EPS was computed by dividing (i) the sum of net income and the after- tax amount of interest expense recognized in the period associated with outstanding dilutive convertible senior notes by (ii) the sum of the weighted average number of common shares outstanding for the period and the weighted average dilutive common share equivalents. Table 2 CA, Inc. Condensed Consolidated Balance Sheets (in millions) (unaudited) March 31, March 31, 2009 2008 ---- ---- Cash, cash equivalents and marketable securities $2,713 $2,796 Trade and installment accounts receivable, net 839 970 Deferred income taxes - current 524 623 Other current assets 104 79 ------- ------- Total current assets 4,180 4,468 Installment accounts receivable, due after one year, net 128 234 Property and equipment, net 442 496 Purchased software products, net 155 171 Goodwill 5,364 5,351 Deferred income taxes - noncurrent 268 293 Other noncurrent assets, net 715 743 ------- ------- Total assets $11,252 $11,756 ======= ======= Current portion of long-term debt and loans payable $650 $361 Deferred revenue (billed or collected) - current 2,431 2,664 Deferred income taxes - current 40 106 Other current liabilities 957 1,147 ------- ------- Total current liabilities 4,078 4,278 Long-term debt, net of current portion 1,287 2,221 Deferred income taxes - noncurrent 136 200 Deferred revenue (billed or collected) - noncurrent 1,000 1,036 Other noncurrent liabilities 407 312 ------- ------- Total liabilities 6,908 8,047 ------- ------- Common stock 59 59 Additional paid-in capital 3,557 3,566 Retained earnings 2,784 2,173 Accumulated other comprehensive loss (183) (101) Treasury stock (1,873) (1,988) ------- ------- Total stockholders' equity 4,344 3,709 ------- ------- Total liabilities and stockholders' equity $11,252 $11,756 ======= ======= Table 3 CA, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (unaudited) Three Months Fiscal Year Ended Ended March 31, March 31, --------- --------- 2009 2008(1) 2009 2008(1) ---- ---- ---- ---- OPERATING ACTIVITIES: Net income $72 $71 $694 $500 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 74 69 274 273 Provision for deferred income taxes (107) (50) (42) (4) Provision for bad debts 5 1 15 23 Non-cash stock based compensation expense and defined contribution plan 30 26 116 122 Losses (gains) on sale and disposal of assets and repayment of debt, net 2 8 (3) 12 Charge for impairment of assets 2 6 5 6 Foreign currency transaction losses (gains) - before taxes 5 (9) 67 (28) Changes in other operating assets and liabilities, net of effect of acquisitions: Decrease in trade and current installment accounts receivable, net 12 35 44 71 Decrease (increase) in noncurrent installment accounts receivable, net 12 (31) 155 40 Increase (decrease) in deferred revenue (billed or collected) - current and noncurrent 365 535 (49) 258 Increase (decrease) in taxes payable, net 28 (89) 35 (82) (Decrease) increase in accounts payable, accrued expenses and other (4) 14 (99) (95) Increase (decrease) in accrued salaries, wages, and commissions 32 51 (29) 26 Restructuring and other, net 66 49 (13) 12 Changes in other operating assets and liabilities 54 4 42 (31) ------ ------ ------ ------ NET CASH PROVIDED BY OPERATING ACTIVITIES 648 690 1,212 1,103 ------ ------ ------ ------ INVESTING ACTIVITIES: Acquisitions, primarily goodwill, purchased software, and other intangible assets, net of cash acquired (22) - (76) (27) Settlements of purchase accounting liabilities (3) - (7) (7) Purchases of property and equipment (19) (36) (83) (117) Proceeds from sale of assets and sale-leaseback transactions - 11 6 46 Capitalized software development costs (27) (33) (129) (112) Other investing activities - 1 5 (2) ------ ------ ------ ------ NET CASH USED IN INVESTING ACTIVITIES (71) (57) (284) (219) ------ ------ ------ ------ FINANCING ACTIVITIES: Dividends paid (21) (19) (83) (82) Purchases of common stock - - (4) (500) Debt repayments and debt issuance costs, net (178) (1) (679) (12) Exercise of common stock options and other - 3 7 22 ------ ------ ------ ------ NET CASH USED IN FINANCING ACTIVITIES (199) (17) (759) (572) ------ ------ ------ ------ INCREASE IN CASH AND CASH EQUIVALENTS BEFORE EFFECT OF EXCHANGE RATE CHANGES ON CASH 378 616 169 312 Effect of exchange rate changes on cash (35) 102 (252) 208 ------ ------ ------ ------ INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 343 718 (83) 520 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,369 2,077 2,795 2,275 ------ ------ ------ ------ CASH AND CASH EQUIVALENTS AT END OF PERIOD $2,712 $2,795 $2,712 $2,795 ====== ====== ====== ====== (1) Certain balances have been reclassified to conform to current period presentation. Table 4 CA, Inc. Constant Currency Summary ($ in millions) (unaudited) Three Months Ended March 31, ---------------------------------------------- % Increase % Increase (Decrease) (Decrease) in Constant 2009 2008 in $ US Currency (1) ---------------------------------------------- Bookings $1,465 $1,518 (3%) 6% Revenue: North America $625 $589 6% 7% International 410 496 (17%) (4%) ---------------------------------------------- Total revenue $1,035 $1,085 (5%) 2% Revenue: Subscription and maintenance $913 $951 (4%) 3% Professional services 84 103 (18%) (11%) Software fees and other 38 31 23% 24% ---------------------------------------------- Total revenue $1,035 $1,085 (5%) 2% Total expenses before interest and income taxes: Total Non-GAAP $721 $831 (13%) (6%) Total GAAP $855 $935 (9%) (3%) Fiscal Year Ended March 31, ---------------------------------------------- % Increase % Increase (Decrease) (Decrease) in Constant 2009 2008 in $ US Currency (1) ---------------------------------------------- Bookings $5,245 $4,724 11% 15% Revenue: North America $2,444 $2,365 3% 4% International 1,827 1,912 (4%) (3%) ---------------------------------------------- Total revenue $4,271 $4,277 0% 1% Revenue: Subscription and maintenance $3,772 $3,762 0% 1% Professional services 358 383 (7%) (5%) Software fees and other 141 132 7% 6% ---------------------------------------------- Total revenue $4,271 $4,277 0% 1% Total expenses before interest and income taxes: Total non-GAAP $2,932 $3,177 (8%) (7%) Total GAAP $3,144 $3,423 (8%) (8%) (1) Constant currency calculations are performed by applying prior period foreign exchange rates to current period local currency balances. Constant currency excludes the impacts from the Company's hedging program. Table 5 CA, Inc. Reconciliation of GAAP Results to Non-GAAP Net Income (in millions, except per share data) (unaudited) Three Months Fiscal Year Ended Ended March 31, March 31, --------- --------- 2009 2008 2009 2008 ---- ---- ---- ---- Total revenue $1,035 $1,085 $4,271 $4,277 Total expenses before interest and income taxes 855 935 3,144 3,423 ----- ----- ----- ----- Income before interest and income taxes (1) 180 150 1,127 854 GAAP Operating Margin (% of revenue) 17% 14% 26% 20% Non-GAAP operating adjustments: Purchased software amortization 14 15 57 60 Intangibles amortization 14 15 53 65 Restructuring and other 96 74 102 121 Hedging loss, net (2) 10 - - - ----- ----- ----- ----- Total non-GAAP operating adjustments 134 104 212 246 ----- ----- ----- ----- Non-GAAP income before interest and income taxes 314 254 1,339 1,100 Non-GAAP Operating Margin (% of revenue) (3) 30% 23% 31% 26% Interest expense, net 11 9 25 46 Interest on dilutive convertible bonds (2) (2) (8) (8) ----- ----- ----- ----- Non-GAAP income before income taxes 305 247 1,322 1,062 Income tax provision (4) 136 130 487 420 ----- ----- ----- ----- Non-GAAP income (5) $169 $117 $835 $642 ===== ===== ===== ===== Non-GAAP diluted EPS (5) $0.31 $0.22 $1.55 $1.19 ===== ===== ===== ===== Diluted weighted average shares used in computation(5) 541 537 540 541 (1) See the Condensed Consolidated Statement of Operations on Table 1 for a bridge from income before interest and income taxes to net income. (2) Consists of losses on hedges of operating income relating to prior periods. (3) Excluding stock based compensation of $24 and $26, non-GAAP operating margin would have been 33% and 26% for the three months ended March 31, 2009 and 2008, respectively. On a year to date basis, excluding stock based compensation of $92 and $104, non-GAAP operating margin would have been 34% and 28% for the fiscal years ended March 31, 2009 and 2008, respectively. (4) The effective tax rate on non-GAAP income is the Company's provision for income taxes expressed as a percentage of non-GAAP income before income taxes. Such tax rate reflects the statutory tax rate after adjustments for the impacts of certain discrete items (such as decreases in non-US tax rates, reconciliations of tax returns to tax provisions and resolutions of tax contingencies). (5) Non-GAAP income and the number of shares used in the computation of non-GAAP diluted EPS for all periods presented have been adjusted to reflect the dilutive impact of the Company's 1.625 % Convertible Senior Notes and stock awards outstanding. Refer to the discussion of Non-GAAP financial measures included in the accompanying press release for additional information. Table 6 CA, Inc. Reconciliation of GAAP to Non-GAAP Operating Expenses and Diluted Income per Share (in millions) (unaudited) Three Months Fiscal Year Ended Ended March 31, March 31, --------- --------- Operating Expenses 2009 2008 2009 2008 ---- ---- ---- ---- Total expenses before interest and income taxes $855 $935 $3,144 $3,423 Non-GAAP operating adjustments: Purchased software amortization 14 15 57 60 Intangibles amortization 14 15 53 65 Restructuring and other 96 74 102 121 Hedging loss, net (1) 10 - - - ------ ------ ------ ------ Total non-GAAP operating adjustments 134 104 212 246 ------ ------ ------ ------ Total non-GAAP operating expenses $721 $831 $2,932 $3,177 ====== ====== ====== ====== Three Months Fiscal Year Ended Ended March 31, March 31, --------- --------- Diluted Income per Share 2009 2008 2009 2008 ------------------------ ---- ---- ---- ---- GAAP diluted income per share $0.13 $0.13 $1.29 $0.93 Non-GAAP adjustments, net of taxes Purchased software and intangibles amortization 0.03 0.04 0.13 0.15 Restructuring and other charges 0.12 0.09 0.12 0.15 Hedging loss, net (1) 0.01 - - - Non-GAAP effective tax rate adjustments (2) 0.02 (0.04) 0.01 (0.04) ----- ----- ----- ----- Non-GAAP diluted income per share $0.31 $0.22 $1.55 $1.19 ===== ===== ===== ===== (1) Consists of losses on hedges of operating income relating to prior periods. (2) The effective tax rate on non-GAAP income is the Company's provision for income taxes expressed as a percentage of non-GAAP income before income taxes. Such tax rate reflects the statutory tax rate after adjustments for the impacts of certain discrete items (such as decreases in non-US tax rates, reconciliations of tax returns to tax provisions and resolutions of tax contingencies). Refer to the discussion of Non-GAAP financial measures included in the accompanying press release for additional information. Table 7 CA, Inc. Effective Tax Rate Reconciliation GAAP and Non-GAAP (in millions) (unaudited) Three Months Ended Fiscal Year Ended March 31, 2009 March 31, 2009 -------------- -------------- GAAP Non-GAAP GAAP Non-GAAP ---- -------- ---- -------- Income before income taxes(1) $169 $305 $1,102 $1,322 Statutory tax rate 35% 35% 35% 35% Tax at statutory rate 59 107 386 463 Adjustments for discrete and permanent items(2) 38 29 22 24 ---- ---- ---- ---- Total tax expense $97 $136 $408 $487 Effective tax rate(3) 57% 45% 37% 37% (1) See Table 5 for a reconciliation of income before interest and income taxes on a GAAP basis to income before income taxes on a non-GAAP basis. (2) The effective tax rate for GAAP generally includes the impact of discrete and permanent items in the period such items arise, whereas the effective tax rate for non-GAAP generally allocates the impact of such items pro rata to the fiscal year's remaining reporting periods. (3) The effective tax rate on GAAP and non-GAAP income is the Company's provision for income taxes expressed as a percentage of GAAP and non- GAAP income before income taxes, respectively. Such tax rates reflect the statutory tax rate after the adjustments for the impacts of certain discrete items (such as decreases in non-US tax rates, reconciliations of tax returns to tax provisions and resolutions of tax contingencies). Refer to the discussion of Non-GAAP financial measures included in the accompanying press release for additional information. Table 8 CA, Inc. Reconciliation of Projected GAAP Earnings per Share to Projected Non-GAAP Earnings per Share (unaudited) Fiscal Year Ending March 31, 2010 -------------- Projected GAAP diluted EPS range $1.39 to $1.49 Non-GAAP adjustments, net of taxes: Purchased software and intangibles amortization 0.12 0.12 ---- ---- Non-GAAP projected diluted operating EPS range $1.51 to $1.61 ===== ===== Refer to the discussion of Non-GAAP financial measures included in the accompanying press release for additional information.

Photo: http://www.newscom.com/cgi-bin/prnh/20090402/NYTH500LOGO CA

CONTACT: Dan Kaferle, Public Relations, +1-631-342-2111,
daniel.kaferle@ca.com, or Carol Lu, Investor Relations, +1-212-415-6920,
carol.lu@ca.com

Web Site: http://ca.com/

White Electronic Designs Corporation Reports Second Quarter Fiscal 2009 Financial Results

PHOENIX, May 13 /PRNewswire-FirstCall/ -- White Electronic Designs Corporation reported financial results for the second quarter ended April 4, 2009.

Highlights of the quarter and the first half of fiscal 2009 included: Continuing Operations -- Q2 revenue of $17.1 million; -- Q2 non-GAAP income from continuing operations of $1.6 million, or $0.07 per diluted share; -- First half fiscal 2009 bookings up 36% when compared to the prior year period and up 28% when compared to second half fiscal 2008; -- Anti-tamper bookings reached $15.4 million in first half fiscal 2009 exceeding fiscal 2008 full year bookings of $4.8 million Discontinued Operations -- Display Systems Division - Assets sold to VIA Optronics; -- Commercial Product Lines - Disposal concluded; -- Interface Electronics Division - Production completing June 2009 Second Quarter Fiscal 2009 Results:

For the quarter, the Company's net sales were $17.1 million, a 29% increase when compared to $13.3 million in the first quarter of fiscal 2009 and a 17% increase over $14.6 million reported in the comparable quarter of the previous year.

Gross margin from continuing operations for the quarter was 43% compared with 41% in the comparable quarter last year. Income from continuing operations for the quarter was $1.2 million, or $0.05 per diluted share, compared to income from continuing operations of $1.3 million, or $0.06 per diluted share, in the second quarter of fiscal 2008.

Financial results for the quarter were negatively impacted by expenses of approximately $0.7 million associated with the recent proxy and shareholder agreement. On a pro-forma basis, excluding the impact of the recent discontinued proxy contest and shareholder agreement expenses, on a non-GAAP tax-effected basis, income from continuing operations would have been $1.6 million, or $0.07 per diluted share.

Loss from discontinued operations for the quarter totaled $1.0 million, or $(0.04) per share, versus $2.9 million, or $(0.13) per share, in the second quarter of fiscal 2008.

Net income, including the loss in connection with the disposal of product lines discussed below, for the second quarter of fiscal 2009 was $136,000 or $0.01 per diluted share, compared to net loss of $1.6 million, or $(0.07) per share, in the second quarter of fiscal 2008.

As of the end of the second quarter of fiscal 2009, the Company had $57.1 million in cash and no debt. Due to the dramatic decrease in interest rates, the Company has experienced a significant drop in interest income which has historically contributed to its operating income. Interest in the second quarter of fiscal 2009 was $59,000 compared to $456,000 in the second quarter of fiscal 2008. Interest income is expected to remain lower in fiscal 2009 due to macro-economic conditions.

(See Exhibit A for Reconciliation of second quarter Non-GAAP measures.) Six Months Fiscal 2009 Results:

For the six-month period, revenues from continuing operations increased 14% to $30.4 million in fiscal 2009 from $26.7 million for the comparable period in fiscal 2008. The Company reported income from continuing operations for the six-month period of $1.6 million, or $0.07 per diluted share, compared to income of $1.9 million, or $0.08 per diluted share for the first half of fiscal 2008. As noted above, first half fiscal 2009 results were negatively impacted by expenses of approximately $0.7 million associated with the recent discontinued proxy contest and shareholder agreement. Additionally, interest income for the six month period decreased by approximately $0.7 million.

Bookings / Backlog

Bookings for continuing operations for the quarter totaled $17.5 million compared to $11.6 million in the comparable period in fiscal 2008. The first half fiscal 2009 bookings totaled $37.0 million and resulted in a book-to-bill ratio of 1.22:1. This represents a 36% increase over first half fiscal 2008 bookings and a 28% increase over second half fiscal 2008 bookings.

Anti-tamper bookings for the first half of fiscal 2009 totaled $15.4 million, a significant improvement from $4.8 million of anti-tamper bookings for all of fiscal 2008. Our reference to anti-tamper includes the growing integrated circuit card/GPS receiver boards which include our anti-tamper components.

Backlog at the end of the second quarter of fiscal 2009 was $45.1 million compared to $44.8 million at the end of the previous quarter.

Dan Tarantine, Executive Vice President of Sales and Marketing and member of the interim Office of the President, said "Our belief that our GPS/Anti-Tamper business is an important catalyst for the growth of our business going forward is validated by the strength in our first half bookings. It is exciting to see our anti-tamper business expand beyond modules to integrated circuit card/GPS receiver boards. We are pleased that the execution of our strategic business plan is progressing on schedule in spite of very difficult macro-economic conditions. This bodes well for the future performance of our Company."

Discontinued Operations Status

On April 3, 2009 the Company completed the sale of its Display Systems Division. The Company also concluded the disposition of its commercial microelectronics product lines during the quarter. The Company expects the Interface Electronics Division to complete all production by June 2009 and to dispose of this division by the end of the fiscal year.

Roger Derse, Chief Financial Officer and member of the interim Office of the President, said "We are pleased with the results of the quarter. We had strong double-digit revenue growth driven by continued strength in our anti-tamper business. For the first half of the year the book-to-bill ratio was 1.22:1, which indicates that future quarters will benefit from robust revenues. We are also beginning to achieve real traction in establishing WEDC as a premier defense circuit card integrator. We are expanding into new markets that will provide us the opportunity to develop new business from existing customers while making those customers all the more efficient in meeting the rigorous requirements of the defense systems programs in which they participate."

Mr. Derse continued, "We are also pleased to have completed the sale of our Display Systems Division and the disposal of our commercial microelectronic product lines while making progress in the disposition of our Interface Electronics Division during the quarter. We have made significant steps forward in executing our strategic plan to redeploy all of our assets - financial, technological and personnel - to become a leading defense electronics provider. We look forward to the second half of the fiscal year with great enthusiasm."

Strategic Alternatives

As previously announced, a special committee of the Company's Board, the Strategic Alternatives Committee, is continuing its exploration and review of strategic alternatives for the Company. The Company continues to work closely with its financial advisor, Jefferies Quarterdeck, a division of Jefferies Co., through this strategic alternatives review. Wilson Sonsini Goodrich & Rosati, Professional Corporation, is acting as legal advisor.

Consistent with its mandate from the Board, this special committee is continuing its thorough review of all strategic alternatives, including the Company continuing as an independent public company, merging with or acquiring another public or private defense electronics company, or being acquired by a strategic or financial investor. The Strategic Alternatives Committee is giving due consideration and deliberation with respect to all opportunities that are available to the Company with the goal of identifying what it believes is the best strategy for the Company and is committed to completing the process as expeditiously as possible, while ensuring that all alternatives are given appropriate consideration. Therefore, the Company will not commit to a specific timetable for completion of this committee's deliberations or recommendations. It is the intent of this committee that, upon completion of its review process, it will make one or more recommendations to the Board regarding strategic alternatives.

Disclosure of Certain Financial Information

"Non-GAAP income from continuing operations" and the related "non-GAAP earnings per share" are non-GAAP financial measures. Regulation G and other provisions of the securities laws regulate the use of financial measures that are not prepared in accordance with generally accepted accounting principles. We believe these measures provide important supplemental information to investors. We use these measures, together with GAAP measures, for internal managerial purposes and as a means to evaluate period-to-period comparisons. However, we do not, and you should not, rely on non-GAAP financial measures alone as measures of our performance. We believe that non-GAAP financial measures reflect an additional way of viewing aspects of our operations that - when taken together with GAAP results and the reconciliations to corresponding GAAP financial measures that we also provide in our press releases - provide a more complete understanding of factors and trends affecting our business.

Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures, even if they have similar names. Non-GAAP income from continuing operations, which we reconcile to GAAP income, excludes the recent discontinued proxy contest and shareholder agreement expenses. Non-GAAP earnings per share is derived from non-GAAP income, using the same measures of outstanding shares as are used to calculate earnings per share in accordance with GAAP.

Conference Call

The Company will conduct a conference call today, Wednesday, May 13, 2009 at 4:30 pm ET to review the financial results of the quarter.

Interested parties can access the call by dialing (877) 407-8031 (domestic) or (201) 689-8031 (international). A replay of the call will be available at (877) 660-6853 (domestic) or (201) 612-7415 (international), account number 286, access number 320647 for 7 days following the call.

A live web cast of the call will be available at http://www.investorcalendar.com/IC/CEPage.asp?ID=143941. The online replay will be available shortly after the end of the call and can be reached at http://www.vcall.com/. After accessing the Vcall site enter the Company's symbol, WEDC. The webcast will be archived for the following 3 months.

About White Electronic Designs Corporation

White Electronic Designs delivers sophisticated multi-chip semiconductor packages, high-efficiency memory devices and build-to-print electromechanical assemblies for defense and aerospace applications. The ability to address the unique size, performance and quality requirements for technology creators in the defense market has established White Electronic Designs as a customer-focused solutions provider. Capabilities include design, manufacturing and obsolescence management for advanced embedded component solutions, including die stacking and secure microelectronics, as well as complex circuit card assembly services. To learn more about us, visit our website at http://www.whiteedc.com/.

Cautionary Statement

This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. The words, "believe," "expect," "anticipate," "estimate," "will" and other similar statements of expectation identify forward-looking statements. Specific forward looking statements in this press release include but are not limited to the Company's expectations related to: anticipated reduction in defense programs not likely affecting programs that the Company focuses on, the Company's book-to-bill ratio, disposal of discontinued operations in fiscal year 2009, the likely benefits of a more efficient operating structure and the possibility that the review of strategic alternatives will identify or result in a transaction involving the Company or any other strategic action by the Company. Additionally, other factors that could materially and unexpectedly affect the Company's results are set forth in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Report on Form 10-Q. You are cautioned not to place undue reliance on our forward-looking statements. We do not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events. WEDC-F

Financial Tables on the Following Pages WHITE ELECTRONIC DESIGNS CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands, except share data) April 4, September 27, 2009 2008 ---- ---- ASSETS Current Assets Cash and cash equivalents $57,057 $52,604 Accounts receivable, less allowance for doubtful accounts of $198 and $74 15,080 10,508 Inventories 17,498 15,359 Prepaid expenses and other current assets 3,453 2,027 Deferred income taxes 3,120 2,962 Assets held for sale 2,950 12,668 ----- ------ Total Current Assets 99,158 96,128 Property, plant and equipment, net 10,516 10,137 Deferred income taxes 2,145 1,900 Goodwill 1,764 1,764 Other assets 67 67 Assets held for sale 1,009 1,662 ----- ----- Total Assets $114,659 $111,658 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts payable $4,248 $2,038 Accrued salaries and benefits 1,473 1,490 Other accrued expenses 1,989 1,260 Deferred revenue 3,793 4,016 Liabilities related to assets held for sale 789 2,327 --- ----- Total Current Liabilities 12,292 11,131 Accrued pension liability 696 640 Other liabilities 986 948 Liabilities related to assets held for sale - 101 --- --- Total Liabilities 13,974 12,820 ------ ------ Commitments and Contingencies Shareholders' Equity Preferred stock, 1,000,000 shares authorized, no shares issued - - Common stock, $0.10 stated value, 60,000,000 shares authorized, 25,378,202 and 25,048,639 shares issued 2,538 2,504 Treasury stock, 2,464,371 and 2,464,371 shares, at par (247) (247) Additional paid-in capital 83,435 82,608 Retained earnings 15,203 14,241 Accumulated other comprehensive loss (244) (268) ---- ---- Total Shareholders' Equity 100,685 98,838 -------- -------- Total Liabilities and Shareholders' Equity $114,659 $111,658 ======== ======== WHITE ELECTRONIC DESIGNS CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except share and per share data) Three Months Ended Six Months Ended ------------------ ---------------- April 4, March 29, April 4, March 29, 2009 2008 2009 2008 ---- ---- ---- ---- Net sales $17,120 $14,605 $30,415 $26,693 Cost of sales 9,827 8,678 17,819 16,254 ----- ----- ------ ------ Gross profit 7,293 5,927 12,596 10,439 ----- ----- ------ ------ Operating expenses: Selling, general and administrative 4,647 3,559 8,438 7,059 Research and development 970 851 2,086 1,760 --- --- ----- ----- Total operating expenses 5,617 4,410 10,524 8,819 ----- ----- ------ ----- Operating income 1,676 1,517 2,072 1,620 Interest income 59 456 306 1,025 --- --- --- ----- Income from continuing operations, before income taxes 1,735 1,973 2,378 2,645 Provision for income taxes (582) (650) (732) (766) ---- ---- ---- ---- Income from continuing operations 1,153 1,323 1,646 1,879 Discontinued operations: Loss from discontinued operations, net of tax (341) (657) (8) (974) Loss on sale of discontinued operations, net of tax (676) (2,233) (676) (2,233) ---- ------ ---- ------ Loss from discontinued operations (1,017) (2,890) (684) (3,207) ------ ------ ---- ------ Net income (loss) $136 $(1,567) $962 $(1,328) ==== ======= ==== ======= Income from continuing operations per common share: Basic $0.05 $0.06 $0.07 $0.08 ===== ===== ===== ===== Diluted $0.05 $0.06 $0.07 $0.08 ===== ===== ===== ===== Loss from discontinued operations per common share: Basic $(0.04) $(0.13) $(0.03) $(0.14) ====== ====== ====== ====== Diluted $(0.04) $(0.13) $(0.03) $(0.14) ====== ====== ====== ====== Net income (loss) per common share: Basic $0.01 $(0.07) $0.04 $(0.06) ===== ====== ===== ====== Diluted $0.01 $(0.07) $0.04 $(0.06) ===== ====== ===== ====== Weighted average number of common shares and equivalents: Basic 22,883,282 22,421,828 22,816,757 22,567,389 Diluted 23,109,986 22,806,187 23,106,852 22,992,778 Exhibit A White Electronic Designs Corporation Income from Continuing Operations and Diluted EPS GAAP to Non-GAAP Reconciliation (in thousands, except per share information) (unaudited) Three Months Ended April 4, 2009 ------------- Proxy Contest & Shareholder Settlement GAAP Costs Non-GAAP ------------------------------ Income from continuing operations, before income taxes $1,735 $669 $2,404 Income tax expense (582) (224) (806) ---- ---- ---- Income from continuing operations $1,153 $445 $1,598 ====== ==== ====== Diluted earnings per share $0.05 $0.02 $0.07 ===== ===== ===== Diluted shares 23,110 23,110 23,110 Tax rate 34% 34% 34% Note: Per share data is shown net of tax. Company Contact: Investor Contact: Roger Derse Lytham Partners, LLC Interim Office of the President, Joe Diaz, Robert Blum, Joe Dorame Chief Financial Officer 602-889-9700 602-437-1520 wedc@lythampartners.com rderse@wedc.com

White Electronic Designs Corporation

CONTACT: Roger Derse, Interim Office of the President, Chief Financial
Officer of White Electronic Designs Corporation, +1-602-437-1520,
rderse@wedc.com; or investors, Joe Diaz, Robert Blum, or Joe Dorame, all of
Lytham Partners, LLC, +1-602-889-9700, wedc@lythampartners.com, for White
Electronic Designs Corporation

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

AXS-One Reports 2009 First Quarter Financial Results

RUTHERFORD, N.J., May 13 /PRNewswire-FirstCall/ -- AXS-One Inc. (OTC Bulletin Board: AXSO), a leading provider of high performance Records Compliance Management (RCM) software, today announced its financial results for the first quarter ended March 31, 2009.

For the quarter ended March 31, 2009, total revenue was $2.7 million, a decrease of 30%, compared with total revenue of $3.9 million for the quarter ended March 31, 2008. License revenue was $0.5 million, down 66%, or $1.0 million, from the $1.5 million in license revenue in the first quarter of 2008. AXS-One's revenue has been negatively affected by the current worldwide economic environment as potential customers have delayed their decision making process. Total operating expenses were $3.5 million for the quarter ended March 31, 2009, a decrease of 37% percent from $5.6 million in the prior year period. The operating loss for the first quarter of 2009 was $0.8 million, a $0.9 million or 53% improvement from the first quarter 2008 operating loss of $1.8 million The net loss for the quarter ended March 31, 2009 was $2.0 million, or $(0.05) per diluted share compared to a net loss of $2.2 million, or $(0.06) per diluted share for the prior year.

Bill Lyons, Chairman & CEO of AXS-One, commented: "Over the past two quarters, we have taken appropriate measures to reduce our costs. Upon completion of the merger with Unify, we are now well positioned to add to their revenues and profits. This will enable us to compete more effectively in the future."

About AXS-One Inc.

AXS-One Inc. (OTCBB: AXSO) is a leading provider of high performance Records Compliance Management software. The AXS-One Compliance Platform enables organizations to implement secure, scalable and enforceable policies that address records management for corporate governance, legal discovery and industry regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, The Patriot Act and Gramm-Leach Bliley. AXS-One's award-winning technology has been critically acclaimed as best of class and delivers digital archiving, business process management, electronic document delivery and integrated records disposition and discovery for e-mail, instant messaging, images, SAP and other corporate records. Founded in 1978, and headquartered in Rutherford, NJ, AXS-One has offices worldwide in the United States, Australia, Singapore and the United Kingdom. For further information, visit the AXS-One website at http://www.axsone.com/

AXS-One, the AXS-One logo, "Access Tomorrow Today," and AXSPoint are registered trademarks of, and AXS-One Compliance Platform, AXS-One Central, AXS-One Retention Manager, AXS-One Rapid-AXS, AXS-Link for Desktop, AXS-Link for SAP, AXS-Link for Lotus Notes, AXS-Link for Microsoft Exchange, AXS-One Data Archive Translator, AXS-Link for File System Archiving, AXS-Link for .PST Management, AXS-One Supervision, AXS-One Case Management, "The Records Compliance Management Company" and AXS-Link are trademarks of, AXS-One Inc., in the U.S. All other company and product names are trademarks or registered trademarks of their respective companies.

Special Note Regarding Forward-Looking Statements: A number of statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: our ability to improve financial and sales performance; risks relating to liquidity; the impact of the economic downturn on customer buying decisions; potential vulnerability to technological obsolescence; the risks that our current and future products may contain errors or defects that would be difficult and costly to detect and correct; potential difficulties in managing growth; dependence on key personnel; the possible impact of competitive products and pricing; consummation of the closing conditions of the Unify merger; and other risks described in more detail in AXS-One's most current Form 10-K and other subsequent Securities and Exchange Commission filings.

Company Contact: Joseph Dwyer AXS-One Inc. jdwyer@axsone.com (201) 935-3400 -Tables Follow- AXS-ONE INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) March 31, December 31, 2009 2008 ---- ---- ASSETS (unaudited) Current assets: Cash and cash equivalents $458 $933 Accounts receivable, net of allowance for doubtful accounts 1,322 932 Prepaid expenses and other current assets 388 495 ----- ----- Total current assets 2,168 2,360 Equipment and leasehold improvements, net of accumulated depreciation 139 152 Other assets 230 232 ------ ------ Total assets $2,537 $2,744 ====== ====== LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Bank debt $554 $700 Convertible debt, net of discount 12,343 11,316 Accounts payable and accrued expenses 3,653 3,774 Deferred revenue 3,737 2,851 Total current liabilities 20,287 18,641 ------ ------ Long-term convertible debt, net of discount - - Long-term deferred revenue 136 169 Other long-term liabilities - - ------ ------ Total liabilities 20,423 18,810 ------ ------ Stockholders' deficit (17,886) (16,066) -------- -------- Total liabilities and stockholders' deficit $2,537 $2,744 ====== ====== The financial information included in this document is intended only as summary provided for your convenience, and should be read in conjunction with the complete consolidated financial statements of the Company (including the Notes thereto, which set forth important information) contained in its Reports on Form 10-K and 10-Q filed and to be filed by the Company with the U.S. Securities and Exchange Commission (SEC). Such reports are available on the public EDGAR electronic filing system maintained by the SEC. AXS-ONE INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Three Months Ended March 31, --------- 2009 2008 ---- ---- Revenues: License fees $507 $1,485 Services 2,199 2,409 ----- ----- Total revenues 2,706 3,894 ----- ----- Operating expenses: Cost of license fees 40 110 Cost of services 824 1,239 Sales and marketing 897 1,682 Research and development 919 1,490 General and administrative 777 1,125 Restructuring costs and other costs 77 - ----- ----- Total operating expenses 3,534 5,646 ----- ----- Operating loss (828) (1,752) ---- ------ Other income (expense): Interest income - 17 Interest expense (1,064) (446) Other income expense (78) (24) --- --- Total other income (expense), net (1,142) (453) ------ ---- Loss before income taxes (1,970) (2,205) Income tax benefit (3) - ------- ------- Net loss $(1,967) $(2,205) ======= ======= Basic & diluted net loss per common share: $(0.05) $(0.06) ====== ====== Weighted average basic & diluted common shares outstanding 39,599 37,824 ====== ====== The unaudited financial information included in this document is intended only as summary provided for your convenience, and should be read in conjunction with the complete consolidated financial statements of the Company (including the Notes thereto, which set forth important information) contained in its Reports on Form 10-K and 10-Q filed and to be filed by the Company with the U.S. Securities and Exchange Commission (SEC). Such reports are available on the public EDGAR electronic filing system maintained by the SEC.

AXS-One Inc.

CONTACT: Joseph Dwyer of AXS-One Inc., +1-201-935-3400,
jdwyer@axsone.com

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

LSI to Present at J.P. Morgan Technology, Media and Telecom Conference

MILPITAS, Calif., May 13 /PRNewswire-FirstCall/ -- LSI Corporation today announced that Bryon Look, Executive Vice President, Chief Financial Officer and Chief Administrative Officer, will be presenting at the 37th Annual J.P. Morgan Global Technology, Media and Telecom Conference in Boston, Mass., on Tuesday, May 19, 2009, at 11:20 a.m. Eastern Daylight Time.

The presentation will be available to the public via audio webcast at http://www.lsi.com/webcast. Following the conference, a replay of the webcast will be available on the LSI website at http://www.lsi.com/webcast.

About LSI

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

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

LSI Corporation

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

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

Stanley Reports Financial Results for Fourth Quarter and Fiscal Year 2009Highlights:- Fourth Quarter revenues up 22%, 10% organic(1), to $212.4 million;- Fiscal Year 2009 revenues up 29%, 19% organic(1), to $779.7 million;- Fiscal Year 2009 operating income up 39%, operating margin 8.5%; and- Diluted EPS of $0.44 for fourth quarter, $1.56 for fiscal year 2009, both exceed guidance.

ARLINGTON, Va., May 13 /PRNewswire-FirstCall/ -- Stanley, Inc. , a leading provider of systems integration and professional services to the U.S. federal government, today announced record revenues and earnings for both its fourth quarter and full fiscal year 2009 ended March 31, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO )

Fourth-quarter and fiscal year 2009 revenues were at the high end of company guidance, and diluted EPS exceeded the high end of company guidance by $0.01 for both periods. Stanley's revenue growth for the fourth quarter resulted primarily from expansion of the U.S. Army's global RESET efforts; support for the U.S. Central Command's biometrics programs in Iraq and Afghanistan; provision of IT services for various Department of Defense customers; and support services to the U.S. Army's Intelligence and Security Command (INSCOM).

Fourth-Quarter Fiscal Year 2009 Results:

Revenues for the fourth quarter ended March 31, 2009 were $212.4 million, an increase of 22 percent over fourth-quarter fiscal year 2008 revenues of $173.5 million. Organic revenue growth was 10 percent. EBITDA(2) was $21.5 million for the quarter, an increase of 36 percent over EBITDA of $15.8 million in the year-ago quarter, driven by organic revenue growth, the acquisition of Oberon Associates, Inc. in July 2008 and improved EBITDA margin. EBITDA margin for the fourth quarter was 10.1 percent compared with 9.1 percent a year earlier, due primarily to a greater proportion of more profitable time-and-materials and fixed-price contracts, as opposed to cost-plus-fee contracts. Operating income was $18.5 million, up 32 percent from $14.0 million in the same quarter of last fiscal year. Operating margin was 8.7 percent versus 8.1 percent in the fourth quarter of fiscal 2008. The increases in operating income and margin resulted primarily from the factors improving EBITDA, partially offset by the amortization of purchased intangibles related to the acquisition of Oberon.

Net income for the quarter was $10.5 million versus $7.7 million a year ago. Diluted earnings per share for the quarter was $0.44 compared with diluted earnings per share of $0.33 for the fourth quarter of fiscal year 2008.

Contract backlog at March 31, 2009 was $2.0 billion up from $1.8 billion at March 31, 2008.

Fourth-Quarter Fiscal Year 2009 and Recent Operational Highlights: -- Fourth-quarter bookings totaled $103 million. Fiscal 2009 bookings totaled $955 million, equating to a book-to-bill ratio of 1.2:1. -- Among recent new business awards and additional tasking: -- A $120 million, three-year, time-and-materials contract to provide lifecycle software engineering services to the U.S. Army; -- Nearly $30 million in awards with classified customers in the intelligence community; -- A $19.3 million, five-year, time-and-materials contract to provide engineering and advanced component technology services, including micro-, nano-, and photonic-technology research and development, for the U.S. Army Weapons Sciences Directorate, Research Development and Engineering Command; -- A $1.7 million, one-year, cost-plus-incentive fee contract for Biometric Multispectral Fingerprinting by the U.S. Army Information Technology, E-Commerce and Commercial Contracting Center - West; -- A 10-year multiple award/indefinite-delivery, indefinite-quantity (MA/IDIQ) Alliant contract by the U.S. General Services Administration; and -- A five-year MA/IDIQ contract to support the development and training of Battle Command technology with the U.S. Army Fires support communities. Fiscal Year 2009 Results:

For the fiscal year ended March 31, 2009, revenue increased 29 percent to $779.7 million compared with $604.3 million for fiscal year 2008. Organic revenue growth for fiscal year 2009 was 19 percent. EBITDA for the year increased 40 percent to $76.9 million compared with $54.9 million for fiscal year 2008, driven by organic revenue growth, the acquisition of Oberon Associates, Inc. in July 2008 and improved EBITDA margin. EBITDA margin for fiscal year 2009 was 9.9 percent, up from 9.1 percent for fiscal year 2008. EBITDA margin increased primarily as a result of a greater proportion of more profitable time-and-materials and fixed-price contracts, as opposed to cost-plus-fee contracts, and continued efficiencies realized in the company's general and administrative infrastructure on a higher revenue base. Operating income for fiscal year 2009 was $66.7 million, an increase of 39 percent over operating income of $47.9 million for the prior fiscal year. Operating margin for fiscal year 2009 was 8.5 percent compared with 7.9 percent for fiscal year 2008. Operating income and margin increased year-over-year primarily as a result of the factors improving EBITDA and EBITDA margin, partially offset by the amortization of purchased intangibles related to the acquisition of Oberon.

Net income for fiscal year 2009 was $37.2 million compared with net income of $26.2 million for fiscal year 2008. Diluted earnings per share for fiscal year 2009 was $1.56 compared with diluted earnings per share of $1.12 for fiscal year 2008.

Cash flow from operations for fiscal year 2009 was $44.5 million, reflecting $6.0 million of operating cash flow for the fourth quarter of fiscal 2009. Days sales outstanding (DSO) for the fourth quarter was 79 days, up from 78 days for the third quarter of fiscal year 2009.

"I am very pleased with Stanley's performance in fiscal year 2009, particularly the growth realized in our IT and intelligence business areas, which contributed significantly to margin improvement," said Phil Nolan, Stanley's chairman, president and CEO. "In a very challenging environment, our strong contract backlog and pipeline of new opportunities give us confidence in our ability to continue to generate solid organic revenue growth and profitability in fiscal year 2010."

Management's Outlook:

Based on the company's current contract backlog and management's estimate as to future tasking and contract awards, Stanley is issuing guidance for its first quarter and full fiscal year 2010. The table below represents management's current expectations about future financial performance, based on information available at this time:

First Quarter Fiscal Year Fiscal Year 2010 2010 Ending Ending June 26, 2009 March 31, 2010 Revenues $206 - $215 million $850 - $930 million Diluted EPS $0.41 - $0.43 $1.65 - $1.79 Diluted projected share count 23.8 - 23.9 million 24.1 - 24.2 million

As previously announced, Stanley will conduct a conference call today at 5:00 p.m. EDT to discuss fiscal fourth-quarter and fiscal year 2009 results. To obtain the dial-in number, please contact Rashida Gofney at (703) 310-3209. The conference call will be broadcast simultaneously on the Investor Relations page of the company's website, http://www.stanleyassociates.com/. Investors are advised to log on to the website at least 15 minutes prior to the call to register, download and install any necessary audio software. An archive of the webcast will be available for one week following the live event.

About Stanley, Inc.

Stanley is a provider of information technology services and solutions to U.S. defense, intelligence and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational logistics, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, Va., the company has more than 4,700 employees at over 100 locations in the U.S. and worldwide. Stanley has been recognized by FORTUNE(R) magazine as one of the "100 Best Companies to Work For" from 2007 through 2009. Please visit http://www.stanleyassociates.com/ for more information.

Any statements in this press release about our expectations about future financial performance, plans and prospects, including statements containing the words "estimates," "anticipates," "plans," "expects" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2008, our Quarterly Reports on Form 10-Q for the fiscal quarters ended June 27, 2008, September 26, 2008 and December 26, 2008, as filed with the Securities and Exchange Commission (SEC), and additional filings we make with the SEC. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. Except as required by law, we assume no obligation to update publicly or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

Condensed Consolidated Statements of Income (unaudited) (in thousands, except per share amounts) Three Months Ended Fiscal Year Ended March 31, March 31, March 31, March 31, 2009 2008 2009 2008 Revenues $212,437 $173,539 $779,679 $604,342 Operating costs and expenses: Cost of revenues 177,897 148,705 653,672 512,243 Selling, general and administrative 13,011 9,060 49,114 37,242 Amortization of deferred compensation 62 62 250 267 Depreciation and amortization 2,944 1,690 9,988 6,695 Total operating costs and expenses 193,914 159,517 713,024 556,447 Operating income 18,523 14,022 66,655 47,895 Other income (expense): Other income 6 3 26 19 Interest expense - net (1,256) (659) (5,397) (3,779) Total other expenses (1,250) (656) (5,371) (3,760) Income before taxes 17,273 13,366 61,284 44,135 Provision for income taxes (6,765) (5,652) (24,054) (17,971) Net income $10,508 $7,714 $37,230 $26,164 Earnings per share: Basic $0.46 $0.34 $1.63 $1.18 Diluted $0.44 $0.33 $1.56 $1.12 Weighted-average shares: Basic 22,910 22,474 22,819 22,133 Diluted 23,823 23,557 23,814 23,414 Condensed Consolidated Balance Sheets (unaudited) (in thousands, except share and per share data) March 31, 2009 March 31, 2008 Assets Current Assets: Cash $1,811 $271 Accounts receivable - net 187,680 160,928 Prepaid and other current assets 6,766 4,644 Total current assets 196,257 165,843 Property and equipment - net 19,552 12,894 Goodwill 262,705 113,615 Intangible assets - net 15,557 8,088 Deferred taxes 4,212 3,343 Other assets 3,269 2,272 Total assets $501,552 $306,055 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $21,528 $29,628 Accrued expenses and other liabilities 79,841 62,649 Current portion of long-term debt 1,000 1,000 Income taxes payable 2,034 5,836 Total current liabilities 104,403 99,113 Line of credit 135,030 - Long-term debt - net of current portion 34,500 35,500 Other long-term liabilities 10,396 4,738 Total liabilities 284,329 139,351 Commitments and contingencies: Stockholders' equity Common stock 238 228 Additional paid-in capital 96,957 83,970 Retained earnings 121,434 84,204 Accumulated other comprehensive loss (886) (929) Deferred compensation (520) (769) Total stockholders' equity 217,223 166,704 Total liabilities and stockholders' equity $501,552 $306,055 Organic Revenue Growth Reconciliation (unaudited) (in thousands) Three Months Ended March 31, 2009 March 31, 2008 Percent Growth Total revenues, as reported $212,437 $173,539 22% Plus: Revenues from acquired companies for the comparable prior year period - 19,991 Organic revenues $212,437 $193,530 10% Fiscal Year Ended March 31, 2009 March 31, 2008 Percent Growth Total revenues, as reported $779,679 $604,342 29% Plus: Revenues from acquired companies for the comparable prior year period - 50,925 Organic revenues $779,679 $655,267 19% EBITDA Reconciliation (unaudited) (in thousands) Three Months Ended Fiscal Year Ended March 31, March 31, March 31, March 31, 2009 2008 2009 2008 Net income $10,508 $7,714 $37,230 $26,164 Provision for income taxes 6,765 5,652 24,054 17,971 Interest expense - net 1,256 659 5,397 3,779 Other income (6) (3) (26) (19) Depreciation and amortization 2,944 1,690 9,988 6,695 Amortization of deferred compensation 62 62 250 267 EBITDA $21,529 $15,774 $76,893 $54,857 Revenue $212,437 $173,539 $779,679 $604,342 EBITDA Margin 10.1% 9.1% 9.9% 9.1% (1) Organic revenue growth, as presented, measures revenue growth adjusted for the impact of acquisitions. Stanley believes that this non-GAAP financial measure provides useful information because it allows management and investors to better assess the underlying growth rate of the company's existing business. This non-GAAP financial measure should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Please see the reconciliation table at the end of this release. (2) EBITDA is a non-GAAP measure that is defined as GAAP net income (loss) plus other expense (income), interest expense, income taxes, and depreciation and amortization. We believe EBITDA is useful to investors because it is one of the measures used by our board of directors and management to evaluate our business and we believe it is a commonly used measure of financial performance in comparable companies and is provided to help investors evaluate companies on a consistent basis, as well as to enhance an understanding of our operating results. EBITDA should not be construed as either an alternative to net income as an indicator of our operating performance or as an alternative to cash flows as a measure of liquidity. Please refer to the table at the end of this release that reconciles GAAP net income to EBITDA.

Photo: Photo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com Stanley, Inc.

CONTACT: Brian J. Clark, Executive Vice President and Chief Financial
Officer, +1-703-310-3236, or Lawrence Delaney, Jr., Investor Relations
Counsel, +1-703-739-7410, both of Stanley

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

Arbinet Announces Receipt of Letter from Nasdaq

NEW BRUNSWICK, N.J., May 13 /PRNewswire-FirstCall/ -- Arbinet-thexchange, Inc. (NasdaqGM: ARBX), a leading provider of innovative voice and IP solutions for buying and selling telecommunications capacity, today announced that it received a letter from The Nasdaq Stock Market ("Nasdaq") on May 11, 2009 (the "Nasdaq Notice") indicating that due to the resignation of Jill Thoerle from Arbinet's Audit Committee on April 23, 2009, the Audit Committee now has only two independent members rather than at least three independent members as required by Nasdaq's Listing Rule 5605. In accordance with Nasdaq Listing Rule 5605(c)(4)(A) and the Nasdaq Notice, the Company has until October 20, 2009 (the "cure period") to regain compliance with the Nasdaq listing requirements. The Board of Directors intends to appoint a director to the Audit Committee who satisfies the independence requirements of the Nasdaq Listing Rules as soon as possible and, in any event, prior to October 20, 2009. During the cure period, Arbinet common stock will continue to trade on Nasdaq, subject to Arbinet's continued compliance with other Nasdaq listing requirements.

About Arbinet

Arbinet is a leading provider of innovative voice and IP solutions empowering communications companies to create the most efficient and valuable global interconnections. Arbinet offers the greatest flexibility in global scale, platform intelligence, and managed solutions to achieve commercial efficiency and interconnection simplicity.

Arbinet manages business relationships, back office operations and call routing for Members who route through Arbinet approximately 2% of the world's international voice traffic to over 1,300 destinations worldwide. Arbinet Members include fixed line, mobile, wholesale and VoIP carriers as well as calling card, ISPs, ASPs and content providers around the world who buy and sell voice and IP telecommunications capacity. For more information about Arbinet's solutions, visit http://www.arbinet.com/.

Contacts: Jack Wynne, CFO Arbinet-thexchange, Inc. 732-509-9230

Arbinet-thexchange, Inc.

CONTACT: CONTACT: Jack Wynne, CFO of Arbinet-thexchange, Inc.,
+1-732-509-9230

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

Irvine Sensors Releases Fiscal 2009 First Half ResultsPatent Sale Contributes to ~$3 Million Net Income

COSTA MESA, Calif., May 13 /PRNewswire-FirstCall/ -- Irvine Sensors Corporation today reported operating results for its second quarter and first half of fiscal 2009, the 13 and 26 weeks ended March 29, 2009. Both current period results were substantially and favorably affected by an approximate $8.6 million gain on the Company's sale of its patents in March 2009.

Total revenues were down in both the 13-week and 26-week periods measured against the comparable periods of last year, reflecting fiscal 2009 second quarter revenues only slightly increased from the first quarter of the year. Total revenues for the 13 weeks ended March 29, 2009 were $2,841,200, as compared to $5,434,100 in the 13 weeks ended March 30, 2008. Total revenues in the fiscal 2009 26-week period were $5,584,700, down from $8,992,600 in the first half of fiscal 2008.

Net income in the current 13-week period was $5,128,000, which represents a nearly $8.6 million improvement from the $3,466,900 net loss for the 13-week period March 30, 2008, largely as a result of the Patent Sale. Net income through the first half of fiscal 2009 was $3,013,900, as compared to the $7,180,400 net loss for the first 26 weeks of fiscal 2008.

Irvine Sensors Corporation, headquartered in Costa Mesa, California, is a vision systems company engaged in the development and sale of miniaturized infrared and electro-optical cameras, image processors and stacked chip assemblies and research and development related to high density electronics, miniaturized sensors, optical interconnection technology, high speed network security, image processing and low-power analog and mixed-signal integrated circuits for diverse systems applications.

IRVINE SENSORS CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) March 29, September 28, 2009 2008 Assets Current assets: Cash and cash equivalents $803,500 $638,600 Restricted cash 47,400 41,700 Accounts receivable, net of allowance for doubtful accounts of $15,000 and $15,000, respectively 907,700 662,400 Receivable, patent sale 1,330,000 - Unbilled revenues on uncompleted contracts, net of allowance of $0 and $18,400, respectively 811,500 1,279,700 Inventory, net 1,244,200 1,126,900 Prepaid expenses and other current assets 252,600 64,800 Current assets of discontinued operations - 7,494,700 Total current assets 5,396,900 11,308,800 Property and equipment, net 3,592,100 4,328,300 Intangible assets, net 103,000 1,005,500 Deferred costs - 260,100 Deposits 37,500 101,000 Non-current assets of discontinued operations - 5,880,300 Total assets $9,129,500 $22,884,000 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable $1,628,800 $4,047,100 Accrued expenses 3,708,800 4,595,200 Accrued estimated loss on contracts - 144,500 Advance billings on uncompleted contracts 28,100 21,900 Deferred revenue 290,000 385,000 Income taxes payable 384,900 14,400 Senior promissory notes 330,000 - Restructured debt, net of discounts - 11,788,800 Promissory note payable 400,000 400,000 Subordinated term loan 2,000,000 2,000,000 Capital lease obligations - current portion 19,300 29,100 Current liabilities of discontinued operations - 4,009,600 Total current liabilities 8,789,900 27,435,600 Restructured debt, net of discounts 1,188,400 - Deferred interest 3,700 - Executive Salary Continuation Plan liability 3,422,600 3,484,800 Capital lease obligations, less current portion 2,000 11,200 Minority interest in consolidated subsidiaries 324,400 411,600 Total liabilities 13,731,000 31,343,200 Commitments and contingencies Stockholders' deficit: Preferred stock, $0.01 par value, 1,000,000 and 500,000 shares authorized, respectively; 126,000 and 126,000 shares issued and outstanding, respectively 1,300 1,300 Common stock, $0.01 par value, 150,000,000 and 80,000,000 shares authorized, respectively; 5,981,400 and 3,557,200 shares issued and outstanding, respectively 59,800 35,600 Common stock warrants, 1,243,200 and 717,900 warrants outstanding, respectively - - Prepaid stock-based compensation (306,000) - Common stock held by Rabbi Trust (1,169,600) (1,214,100) Deferred compensation liability 1,169,600 1,214,100 Paid-in capital 160,843,400 159,717,800 Accumulated deficit (165,200,000) (168,213,900) Total stockholders' deficit (4,601,500) (8,459,200) $9,129,500 $22,884,000 IRVINE SENSORS CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) 13 Weeks Ended 26 Weeks Ended March 29, March 30, March 29, March 30, 2009 2008 2009 2008 Revenues: Contract research and development revenue $2,295,300 $4,364,500 $4,738,500 $7,076,200 Product sales 545,900 1,066,600 836,700 1,903,900 Other revenue - 3,000 9,500 12,500 Total revenues 2,841,200 5,434,100 5,584,700 8,992,600 Cost and expenses: Cost of contract research and development revenue 2,008,500 3,368,200 3,945,900 5,691,500 Cost of product sales 409,800 766,300 787,800 1,442,900 General and administrative expense 2,258,900 2,518,400 4,119,700 4,573,200 Research and development expense 436,300 295,500 786,700 640,100 Total costs and expenses 5,113,500 6,948,400 9,640,100 12,347,700 Gain (loss) on sale or disposal of assets 8,632,800 (1,600) 8,632,800 800 Income (loss) from operations 6,360,500 (1,515,900) 4,577,400 (3,354,300) Interest expense (830,600) (1,772,800) (1,239,700) (3,382,800) Other income 15,100 600 46,700 1,000 Income (loss) from continuing operations before minority interest and provision for income taxes 5,545,000 (3,288,100) 3,384,400 (6,736,100) Minority interest in income of subsidiaries - - 100 100 Provision for income taxes (410,100) (9,100) (429,000) (15,000) Income (loss) from continuing operations 5,134,900 (3,297,200) 2,955,500 (6,751,000) Discontinued operations: Income (loss) from operations of discontinued operations (6,900) (169,700) 58,400 (429,400) Net income (loss) $5,128,000 $(3,466,900) $3,013,900 $(7,180,400) Basic and diluted net income (loss) per common share information From continuing operations $0.87 $(1.11) $0.50 $(2.36) From discontinued operations - (0.06) 0.01 (0.15) Basic and diluted net income (loss) per common share $0.87 $(1.17) $0.51 $(2.51) Weighted average number of common shares outstanding 5,790,500 2,976,800 5,544,700 2,861,300

Irvine Sensors Corporation

CONTACT: Investor Relations of Irvine Sensors Corporation,
+1-714-444-8718, investorrelations@irvine-sensors.com

Web Site: http://www.irvine-sensors.com/

Netlist Reports First Quarter Results

IRVINE, Calif., May 13 /PRNewswire-FirstCall/ -- Netlist, Inc. today reported financial results for the first quarter ended April 4, 2009. Revenues for the first quarter ended April 4, 2009, were $2.2 million compared to $13.1 million for the first quarter ended March 29, 2008. The decline in revenues was driven by a sharp reduction in demand from the Company's current customer base, ramp down of certain projects and the slower than expected growth in sales of the Company's flash products. The Company continues to transition to a new business strategy focused on the development of high-margin subsystems based on custom logic devices.

Negative gross profit for the first quarter ended April 4, 2009, was $537,000, or a negative gross margin of 25 percent, compared with a gross profit of $3.1 million, or a gross margin of 24 percent, in the year-earlier period.

Net loss for the first quarter ended April 4, 2009, was $3.8 million, or $0.19 loss per share, compared to a net loss in the prior year period of $584,000, or $0.03 loss per share. Fully diluted weighted-average shares outstanding for the first quarter ended April 4, 2009, were 19.9 million, compared to 19.8 million in the corresponding year-earlier period. These results include stock-based compensation expense in the first quarter ended April 4, 2009 of $307,000, compared with $244,000 in the prior year period.

During the first quarter, the Company remained focused on preserving cash. As of April 4, 2009, cash, cash equivalents, and investments in marketable securities were $20.6 million, total assets were $30.8 million, working capital was $19.4 million, total long-term debt was $48,000, and stockholders' equity was $26.7 million.

"We continue to make steady progress in the development of custom semiconductor logic devices, which will enable the next-generation of industry-leading high-density, high-speed, low-power memory subsystems," Chief Executive Officer Chun K. Hong said. "Current and potential OEM customers' reception to these new technologies has been encouraging, and we remain on track to roll these out late in the year. In the meantime, we have been successful in managing our cash so that we have ample resources to develop, market and manufacture these new products in high volume."

Conference Call Information

As previously announced, Netlist is conducting a conference call today to be broadcast live over the Internet at 4:00 p.m. Pacific Time/7:00 pm Eastern Time to discuss and review the financial results for the first quarter ended April 4, 2009. The dial-in number for the call is

1-877-941-2928. The live webcast and archived replay of the call can be accessed in the Investors section of Netlist's website at http://www.netlist.com/.

About Netlist, Inc.

Netlist designs and manufactures high-performance chip-based and non-chip based memory subsystems for the server and high-performance computing and communications markets. The Company's memory subsystems are developed for applications in which high-speed, high-capacity memory, functionality, small form factor, and heat dissipation are key requirements. These applications include tower-servers, rack-mounted servers, blade servers, high-performance computing clusters, engineering workstations, and telecommunication equipment. Netlist maintains its headquarters in Irvine, California with manufacturing facilities in Suzhou, China.

Safe Harbor Statement

This news release contains forward-looking statements regarding future events and the future performance of Netlist, including future opportunities and growth for the company's business. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expected or projected. These risks and uncertainties include, but are not limited to, the rapidly-changing nature of technology; volatility in the pricing of DRAM ICs and NAND; changes in and uncertainty of customer demand, including delays in product qualifications; delays in our and our customers' product releases and development; introductions of new products by competitors; changes in end-user demand for technology solutions; the Company's ability to attract and retain skilled personnel; the Company's reliance on suppliers of critical components; fluctuations in the market price of evolving industry standards; and the political and regulatory environment in the People's Republic of China. Other risks and uncertainties are described in the Company's annual report on Form 10-K, dated March 30, 2009, and subsequent filings with the U.S. Securities and Exchange Commission made by the Company from time to time. Netlist undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

TABLES FOLLOW Netlist, Inc. Unaudited Condensed Consolidated Statements of Operations (in thousands, except per share amounts) Three Months Ended April 4, March 29, 2009 2008 Net sales $2,162 $13,104 Cost of sales(1) 2,699 9,973 Gross (loss) profit (537) 3,131 Operating expenses: Research and development(1) 1,614 1,576 Selling, general and administrative(1) 1,935 3,468 Total operating expenses 3,549 5,044 Operating loss (4,086) (1,913) Other income (expense): Interest income, net 82 239 Other income (expense), net 175 (91) Total other income, net 257 148 Loss before provision (benefit) for income taxes (3,829) (1,765) Provision (benefit) for income taxes 18 (1,181) Net loss $(3,847) $(584) Net loss per common share: Basic $(0.19) $(0.03) Diluted $(0.19) $(0.03) Weighted-average common shares outstanding: Basic 19,855 19,820 Diluted 19,855 19,820 (1) Amounts include stock-based compensation expense as follows: Cost of sales $29 $14 Research and development 58 23 Selling, general and administrative 220 207 Netlist, Inc. Unaudited Condensed Consolidated Balance Sheets (in thousands) April 4, January 3, 2009 2009 ASSETS Current assets: Cash and cash equivalents $8,563 $15,214 Investments in marketable securities 11,077 5,199 Accounts receivable, net 895 1,917 Inventories 1,322 1,829 Income taxes receivable 647 1,880 Prepaid expenses and other current assets 786 761 Total current assets 23,290 26,800 Property and equipment, net 6,272 6,939 Long-term investments in marketable securities 981 960 Other assets 225 234 Total assets $30,768 $34,933 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $1,320 $1,786 Current portion of long-term debt 433 474 Current portion of deferred gain on sale and leaseback transaction 118 118 Accrued expenses and other current liabilities 2,045 2,083 Total current liabilities 3,916 4,461 Long-term debt, net of current portion 48 130 Deferred gain on sale and leaseback transaction, net of current portion 78 108 Total liabilities 4,042 4,699 Commitments and contingencies Stockholders' equity: Common stock, $0.001 par value - 90,000 shares authorized; 19,855 20 20 Additional paid-in capital 69,690 69,383 Accumulated deficit (42,960) (39,113) Accumulated other comprehensive loss (24) (56) Total stockholders' equity 26,726 30,234 Total liabilities and stockholders' equity $30,768 $34,933 Contact: Allen & Caron Inc Gail Itow Jill Bertotti (investors) Chief Financial Officer jill@allencaron.com Netlist, Inc. Len Hall (media) (949) 435-0025 len@allencaron.com (949) 474-4300

Netlist, Inc.

CONTACT: investors, Jill Bertotti, jill@allencaron.com, or media, Len
Hall, len@allencaron.com, both of Allen & Caron Inc, +1-949-474-4300, for
Netlist, Inc.; or Gail Itow, Chief Financial Officer of Netlist, Inc.,
+1-949-435-0025

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

Electronic Game Card, Inc. Reports First Quarter 2009 EarningsCompany delivers record operating income in first quarter on 29 percent year-over-year revenue increase; free cash flow doubles to $2 million

NEW YORK and LONDON, May 13 /PRNewswire-FirstCall/ -- Electronic Game Card, Inc. ("EGC") (BULLETIN BOARD: EGMI) , today reported financial results for its first quarter ended March 31, 2009. The Company achieved many of its financial goals during the quarter. Despite challenging global economic conditions during the quarter, continued foreign currency volatility, and increased infrastructure and personnel costs, the company reported record operating earnings for its first quarter of 2009. Electronic Game Card's management team reiterates its full year 2009 guidance of revenue in excess of $17 million and earnings per diluted share of $0.14.

Commenting on the quarterly results, Kevin Donovan, CEO of Electronic Game Card, Inc, said, "Our new executive management team has been working nonstop to penetrate existing opportunities and create new markets worldwide. We are aggressively targeting opportunities for large recurring enterprise contracts with marquee partners. Electronic Game Card's technology is steadily gaining recognition for its promotional, gaming and educational capabilities across a myriad of industries and markets."

The Company reported revenues for the first quarter of $3.0 million, an increase of approximately 28.6 percent from the first quarter of 2008 revenues of $2.3 million and compares to fourth quarter 2009 revenues of $2.8 million. Year over year growth was achieved despite adverse currency fluctuations impacting the reporting of the company's sales in the United Kingdom and Continental Europe. Year-over-year, the British Pound and the Euro declined by approximately 40 percent and 20 percent, respectively, against the U.S. Dollar. During the first three months of 2009, the British Pound and the Euro, declined by 3.5 percent and 7 percent from year end 2008 levels, respectively. The sequential revenue growth was achieved as a result of repeat business, additional licensing and test orders of new lines introduced at the end of last year.

Electronic Game Card reported a comprehensive net income applicable to common stockholders of $1.7 million or $0.03 per diluted share for the first quarter of 2009 compared to net income of $1.3 million or $0.02 per diluted share for the first quarter 2008 and net income of $1.8 million (inclusive of a one-time investment sale of $419,000) or $0.03 per diluted share in the fourth quarter of 2008. First quarter 2009 reported record operating income of $1.8 million compared to operating income of $1.4 million for the comparable period of 2008 and $1.5 million achieved during the fourth quarter 2008. During the quarter, the Company generated free cash flow of approximately $2.0 million.

For the three months ended March 31, 2009, Electronic Game Card generated record gross profits of $2.3 million. One of the company's primary objectives is to manage the business to maximize gross profit dollars, consequently as the Company takes advantage of future business opportunities, its gross margin may fluctuate due to varying percentage mix of higher margin licensing revenue versus direct sales that generates higher revenue at lower margin.

Operating expenses during the first quarter 2009 totaled $530,000, an increase of approximately $163,000 over the first quarter 2008, primarily due to an increase in sales staff and higher consultant costs associated with development of new product areas. As the company expands its existing reach and launches new markets, management expects to add resources, but will adhere to established profitability targets.

Interest expense incurred during the quarter was reduced by $43,000 from the previous year first quarter to $105,000 reflecting a decrease in outstanding shares of the Company's Series A 6% Convertible Preferred Stock from $6.5 million to $4.5 million. The Company generated interest income of $67,000 during the first quarter 2009.

Cash and equivalents on March 31, 2009 were $9.7 million, an increase of approximately $1.4 from December 31, 2008 balance. Accounts receivable decreased by approximately $300,000 to $2.5 million over the same period, representing a DSO (Days Sales Outstanding) of 75 days, which compares to a DSO of 94 days for the previous period. At March 31, 2009, the Company's current ratio was 10.3.

As of March 31, 2009, the company's common shares outstanding totaled 59.4 million shares, an increase of 2.3 million shares from year end 2008, predominately attributable to the conversion of a portion of the Series A Convertible Preferred Stock. The weighted average number of fully diluted common shares used in the calculation of the first quarter 2009 fully diluted earnings per share was 67.8 million shares, reflecting the use of the treasury stock method and the exclusion of options, warrants and the convertible preferred, if anti-dilutive. The aggregate proceeds if all options and warrants were to be exercised would total in excess of $5.0 million. As of March 31, 2008 the Company had net operating tax loss carry forwards of approximately $10.0 million in the United States and $7.4 million in the United Kingdom that may be offset against future taxable income through 2023.

CONFERENCE CALL Conference Call Details: Date/Time: Thursday, May 14, 2009--10:00 a.m. (ET) Telephone Number: 888-680-0890 International Dial-In Number: 617-213-4857 Participant Pass code: 32793720 Internet Access: earnings.com or electronicgamecard.com

It is recommended that participants phone-in at least 10 minutes before the call is scheduled to begin. Participants may pre-register for the call at - https://www.theconferencingservice.com/prereg/key.process?key=P6AYRMGXC. Pre-registrants will be issued a pin number to use when dialing into the live call which will provide quick access to the conference by bypassing the operator upon connection. A replay of the conference call in its entirety will be available approximately one hour after its completion by dialing 888-286-8010 (U.S.), 617-801-6888 (International) and entering the pass code 46941919 and on the Internet at http://www.earnings.com/.

Contact: Yvonne L. Zappulla Managing Director Grannus Financial Advisors, Inc. (212) 681-4108 yvonne@grannusfinancial.com or Kevin Donovan Chief Executive Officer Electronic Game Card, Inc. (888) 341-3421 investor.relations@electronicgamecard.com About Electronic Game Card, Inc.

Electronic Game Card, Inc., (BULLETIN BOARD: EGMI) , develops, produces and markets innovative games to the promotional industry worldwide, toys and games, casinos and lottery. The Company's lead product is the EGC Electronic GameCard(TM), a unique credit card-sized pocket game combining patent and patent-pending proprietary technology of interactive capability with "instant win" excitement. The "EGC Electronic GameCard(TM)" can be programmed to suit a variety of gaming and promotion applications.

EGMI's client base is across the $100 billion global market of, sales promotion, gaming and casinos, Indian gaming and state and national lotteries markets. EGMI develops sales and marketing relationships with agents and distributors globally and currently has agents and distributors in North America, United Kingdom, Ireland, Mexico, Italy, Sweden, Norway, Denmark, Finland, South Africa Australia, New Zealand and Japan.

For further information please visit http://www.electronicgamecard.com/

February 2008, Electronic GameCard(TM) received Gaming Laboratory International approval for security and product robustness. In July 2005, the Public Gaming Research Institute (PGRI) named the Electronic GameCard(TM) as a 2005 Lottery Product of the Year.

Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission.

Financial Statements Follow ELECTRONIC GAME CARD, INC. CONSOLIDATED BALANCE SHEETS March 31, December 31, 2009 2008 ASSETS CURRENT ASSETS: Cash and cash equivalents 9,687,299 8,281,899 Marketable securities 225,858 876,186 Accounts receivable 2,457,050 2,757,685 Deposit on inventory 51,833 51,833 Other receivables 342,840 120,109 VAT receivable 4,571 25,916 Deferred charges - 38,119 Total current assets 12,769,451 12,151,747 Machinery and equipment 68,556 68,900 Office equipment 57,652 58,078 Furniture & Fixtures 998 1,017 Less accumulated depreciation (110,563) (106,398) Net property, plant and equipment 16,643 21,597 OTHER ASSETS Patents 256,952 258,321 Investments, at cost 7,422,470 6,497,470 Total assets 20,465,516 18,929,135 LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT) Current liabilities: Accounts payable 1,000,408 749,118 Accrued liabilities 235,940 268,748 Total current liabilities 1,236,348 1,017,866 Deferred license fees 154,625 279,625 Total liabilities 1,390,973 1,297,491 Series A 6% convertible redeemable preferred stock, $.001 par value, 10,000,000 shares authorized; 4,464,628 and 7,582,806 shares issued and outstanding at of March 31, 2009 and December 31, 2008, respectively 4,464,628 4,464,628 Shareholders' equity/(deficit) Common stock, $.001 par value, 100,000,000 shares authorized; 59,358,702, and 57,137,661 shares issued and outstanding at March 31, 2009 and December 31, 2008, respectively 59,358 57,137 Capital in excess of par value 33,012,279 33,318,440 Accumulated deficit (17,449,941) (19,192,706) Accumulated other comprehensive loss (1,017,027) (1,015,855) Total shareholders' equity 14,607,292 13,167,016 Total liabilities and shareholders' equity 20,465,516 18,929,135 ELECTRONIC GAME CARD, INC. Consolidated Statements of Operations (Unaudited) Three months ended March 31, March 31, 2009 2008 Revenue $2,951,095 $2,294,621 Cost of revenue 638,511 549,000 Gross margin 2,312,584 1,745,621 Operating expenses: Sales and marketing 63,340 791 General and administrative 125,257 128,149 Consulting expenses 268,516 151,482 Salaries and wages 73,235 86,886 Total operating expenses 530,348 367,308 Income from operations 1,782,236 1,378,313 Other income (expense): Interest income 67,241 61,577 Interest expense (105,089) (148,062) Gain on sale of investments (1,845) - Net income $1,742,543 $1,291,828 Other comprehensive (loss) gain: Foreign currency translation loss (1,172) (4,349) Comprehensive income $1,741,371 $1,287,479 Net income per common share (basic) $0.03 $0.03 Weighted average number of common shares outstanding (basic) 60,265,654 50,031,766 Net income per common share (diluted) $0.03 $0.02 Weighted average number of common shares outstanding (diluted) 67,840,154 62,487,058

Electronic Game Card, Inc.

CONTACT: Yvonne L. Zappulla, Managing Director, Grannus Financial
Advisors, Inc., +1-212-681-4108, yvonne@grannusfinancial.com; or Kevin
Donovan, Chief Executive Officer, Electronic Game Card, Inc., +1-888-341-3421,
investor.relations@electronicgamecard.com

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

DATATRAK International, Inc. Announces First Quarter Results for 2009Restructuring Plan Yields Positive Results

CLEVELAND, May 13 /PRNewswire-FirstCall/ -- DATATRAK International, Inc. , a technology and services company focused on global eClinical solutions for the clinical trials industry, today announced its operating results for the first quarter of 2009.

Revenue for the first quarter of 2009 remained relatively constant at $2,086,000 compared to $2,088,000 in the same period of 2008. Gross profit margin improved to 77% for the three months ended March 31, 2009 compared to 55% for the first three months of 2008. The improvement in the Company's gross margin reflects a 49% reduction in direct costs.

For the three months ended March 31, 2009, DATATRAK's loss from operations was $(787,000) compared to $(2,225,000) in the first quarter of the prior year. The current year first quarter loss of $(787,000) includes $634,000 of severance charges related primarily to the separation of two executive officers of the Company. Selling, general and administrative expenses decreased approximately $1.2 million in the first quarter of 2009 compared to the first quarter of 2008. Excluding severance charges from both comparable periods, DATATRAK's loss from operations would be $(153,000) in the current year first quarter compared to $(2,199,000) in the same period last year. Net loss for the first quarter of 2009 was $(788,000), or $(0.06) per share on both a basic and diluted basis compared to $(2,233,000) in the first quarter of 2008, or $(0.16) per share on both a basic and diluted basis.

"We are very pleased with our first quarter results, which we believe reflect our continuing efforts to optimize our operating structure," commented Laurence P. Birch, Chairman of the Board and interim-Chief Executive Officer of the Company. "Excluding severance charges, our operating loss for the quarter was only $(153,000) compared to an operating loss of $(2,199,000) in last year's first quarter. This marks our second consecutive quarter of reaching nearly break-even results, and we believe this is an important milestone that we look forward to sharing at the DIA show in San Diego next month. Our cash balance has remained relatively constant, decreasing by only $294,000 this quarter compared to a cash decrease of $2.6 million in the first quarter of 2008. The $294,000 decrease includes the payout of approximately $150,000 for severance commitments. While our current severance commitments are significant, we believe building a strong, experienced management team is imperative to positioning the Company for success, and in turn, driving long-term shareholder value."

About DATATRAK International, Inc.

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

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

DATATRAK International, Inc. and Subsidiaries Condensed Consolidated Balance Sheet Data (Unaudited) March 31, 2009 December 31, 2008 -------------- ----------------- Cash and investments $2,077,513 $2,372,294 Restricted cash - current - 218,276 Accounts receivable, net 1,187,661 927,490 Property & equipment, net 679,803 785,549 Deferred tax assets 136,500 145,400 Other 232,815 198,131 ------- ------- Total assets $4,314,292 $4,647,140 ========== ========== Accounts payable and other current liabilities $2,008,149 $1,825,735 Deferred revenue - current 1,103,807 1,053,096 Long-term liabilities 1,669,823 1,446,923 Shareholders' equity (467,487) 321,386 --------- ------- Total liabilities and shareholders' equity $4,314,292 $4,647,140 ========== ========== DATATRAK International, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) For the Three Months Ended March 31, ------------------------------------ 2009 2008 ---- ---- Revenue $2,086,176 $2,088,229 Direct costs 473,862 933,879 ------- ------- Gross profit 1,612,314 1,154,350 Selling, general and administrative expenses 1,643,577 2,830,757 Severance expense 633,625 25,843 Depreciation and amortization 121,976 522,426 ------- ------- Loss from operations (786,864) (2,224,676) Interest income 3,003 59,740 Interest expense 4,008 66,567 Other loss - 1,382 --- ----- Loss before income taxes (787,869) (2,232,885) Income tax expense - - --- --- Net loss $(787,869) $(2,232,885) ========== ============ Net loss per share: Basic: Net loss per share $(0.06) $(0.16) ======= ======= Weighted-average shares outstanding 13,741,401 13,681,901 ========== ========== Diluted: Net loss per share $(0.06) $(0.16) ======= ======= Weighted-average shares outstanding 13,741,401 13,681,901 ========== ==========

DATATRAK International, Inc.

CONTACT: Raymond J. Merk, Chief Financial Officer and Chief Operating
Officer, DATATRAK International, Inc., +1-440-443-0082 x181

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

Communications Systems, Inc. Announces Increase in Payment of Quarterly Dividend

MINNETONKA, Minn., May 13 /PRNewswire-FirstCall/ -- Communications Systems, Inc. announced today that the Company's Board of Directors has declared a cash dividend of $.14 per share of common stock payable to shareholders of record on June 15, 2009. The dividend will be distributed on July 1, 2009. For the preceding seven quarters the Board of Directors had declared a cash dividend of $.12 per share of common stock.

About Communications Systems

Communications Systems, Inc. provides physical connectivity infrastructure and services for cost-effective broadband solutions and is a leading supplier of voice-grade connecting devices and wiring systems. CSI serves the broadband network market as the world's leading supplier of media conversion technology that permits networks to deploy fiber optic technology while retaining the copper-based infrastructure already embedded in the network. In addition, CSI supplies copper wire and fiber optic structured wiring systems for broadband networks, as well as line filters for digital subscriber line service. CSI also provides network design, training and management services.

Communications Systems, Inc.

CONTACT: Jeffrey K. Berg, President and Chief Executive Officer, or
David T. McGraw, Vice President - Finance, Chief Financial Officer, both of
Communications Systems, Inc., +1-952-996-1674

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

U.S. Cellular Webcasts Annual Meeting of Shareholders

CHICAGO, May 13 /PRNewswire-FirstCall/ -- U.S. Cellular announces the following Webcast:

What: U.S. Cellular Webcasts Annual Meeting of Shareholders When: May 19, 2009 @ 9:30 EST Where: http://www.videonewswire.com/event.asp?id=59097 How: Live over the Internet -- Simply log on to the web at the address above. Contact: Julie Mathews, 312/592-5341

If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.teldta.com/.

United States Cellular Corporation, the nation's fifth-largest, full-service wireless carrier, provides a comprehensive range of wireless products and services, excellent customer support, and a high-quality network to 6.2 million customers.

Audio: http://www.videonewswire.com/event.asp?id=59097 U.S. Cellular

CONTACT: Julie Mathews of U.S. Cellular, +1-312-592-5341

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

Axion Announces Dates of Its First Quarter 2009 Results and Conference Call

NEW CASTLE, Pa., May 13 /PRNewswire-FirstCall/ -- Axion Power International, Inc (BULLETIN BOARD: AXPW) , announced plans to file its 10Q for the first quarter 2009 on Thursday, May 14, 2009. The Company will issue a news release on May 15 describing the results, and will hold a conference call on Wednesday, May 20 at 11:00 am ET. Interested parties should call 866-804-6922 (domestic) or 857-350-1668 (international), with passcode 10379282 to access the call. You may also access this call via the Internet at:

http://phx.corporate-ir.net/playerlink.zhtml?c=155732&s=wm&e=2222438

For those who are unavailable to listen to the live broadcast, a replay will be available for 30 days and can be accessed by dialing 888 286 8010 (domestic) and 617 801 6888 (international) and using passcode 99344334.

About Axion Power International, Inc

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

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

For more information, visit http://www.axionpower.com/. Contacts Axion Power International Kelly Gubish kgubish@axionpower.com (724) 654 9300 Allen & Caron Inc Rudy Barrio (Investors) r.barrio@allencaron.com (212) 691-8087 Brian Kennedy (Media) brian@allencaron.com (212) 691-8087

Axion Power International, Inc

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

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

Blackboard Inc. to Present at the Robert W. Baird 2009 Growth Stock Conference

WASHINGTON, May 13 /PRNewswire-FirstCall/ -- Blackboard Inc. today announced that Michael Chasen, CEO & President and Michael J. Stanton, SVP of Treasury & Investor Relations, will present at the Robert W. Baird 2009 Growth Stock Conference on Wednesday, May 13th at 5:15 pm ET. The live webcast and a replay of the presentation will be available for a limited time at http://investor.blackboard.com/.

About Blackboard Inc.

Blackboard Inc. is a global leader in enterprise technology and innovative solutions that improve the experience of millions of students and learners around the world every day. Blackboard's solutions allow thousands of higher education, K-12, professional, corporate, and government organizations to extend teaching and learning online, facilitate campus commerce and security, and communicate more effectively with their communities. Founded in 1997, Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Asia and Australia.

Blackboard

Educate. Innovate. Everywhere.(TM)

Blackboard Inc.

CONTACT: Financial Media and Investors, Michael J. Stanton, Senior Vice
President, Investor Relations of Blackboard Inc., +1-202-463-4860 ext. 2305

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

STMicroelectronics and Soitec Join Forces to Develop Next-Generation Technology for CMOS Image SensorsST and Soitec cooperation will lead to backside-illumination (BSI) product manufacturing for mobile consumer markets

GRENOBLE, France, May 13 /PRNewswire-FirstCall/ -- STMicroelectronics , one of the world's leading semiconductor companies and a world leader in CMOS imaging technology, and Soitec (Euronext: SOI), the world's leading supplier of engineered substrates, today announced an exclusive joint cooperation between the two companies that will lead to the development of 300mm wafer-level backside-illumination (BSI) technology for next-generation image sensors in consumer products.

The resolution of today's leading-edge image sensors is continuously increasing, while demand is high for the overall reduction of the camera-module footprint, particularly in consumer markets. This means the necessary development of smaller individual pixel sizes, while maintaining pixel sensitivity to produce high-quality images. Backside illumination is a key enabling technology to meet this challenge in the development of next-generation image sensors.

The agreement between the two companies includes the licensing by Soitec to ST of the Smart Stacking(TM) bonding technology for the manufacturing of backside-illumination sensors on 300mm wafers. This technology, developed by Soitec's Tracit business unit, leverages molecular bonding, and mechanical, as well as chemical thinning. ST will develop a new generation of image sensors based on its advanced derivative-CMOS process technology at 65nm and beyond, at its 300mm facility in Crolles, France. In combination with ST's advanced wafer-level manufacturing capabilities, the Smart Stacking technology will enable ST to increase its leadership in developing and supplying high-performance image sensors for mobile consumer products.

"Backside illumination technology is a key ingredient in the small-pixel, high-image-quality race for the development of leading-edge image sensors," said Eric Aussedat, Group Vice President and General Manager, Imaging Division, STMicroelectronics. "Partnering with Soitec will help quickly deploy the Smart Stacking technology into ST's camera products. This agreement will accelerate the development of advanced and superior cost-competitive image-sensor processes, and further confirms the Grenoble region as a world-class center of expertise for advanced CMOS imaging technologies."

"We are very pleased that STMicroelectronics has chosen our Smart Stacking technology for their BSI product," said Andre-Jacques Auberton-Herve, chairman and president of the Soitec Group. "This technology developed by our Tracit business unit, supports fast implementation of advanced processes involving substrate engineering and 3D integration. We are glad to support ST's commitment to innovation for the benefit of their customers."

About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2008, the Company's net revenues were $9.84 billion. Further information on ST can be found at http://www.st.com/.

About Soitec

Soitec is the world's leading supplier of engineered substrates for advanced microelectronics. The Group produces a wide range of advanced materials, especially silicon-on-insulator (SOI) wafers based on its Smart Cut(TM) technology -- the first high-volume application for this proprietary technology. SOI is currently seen as the platform of the future, paving the way to higher-performance, faster, and more economical chips. Soitec currently produces over 80% of SOI wafers. Headquartered at Bernin in France, with two high-volume production units on site, Soitec also has offices in the US, Japan, and Taiwan, and a new production site is in the process of customer qualification in Singapore. Two other business units : Picogiga International (Les Ulis) and Tracit Technologies (Bernin). Picogiga delivers advanced substrates solutions, including III-V epiwafers and gallium nitride (GaN) wafers, to the compound material world for the manufacture of high-frequency electronics and other optoelectronic devices. Tracit, on the other hand, provides thin-film layer transfer technologies used to manufacture engineered substrates for power ICs and microsystems, as well as generic circuit transfer technology, Smart Stacking(TM) for applications such as image sensors and 3D integration. Shares for the Soitec Group are listed on Euronext Paris.

More information is available at http://www.soitec.com/

STMicroelectronics

CONTACT: Camille Darnaud-Dufour, Soitec, +33(0)6-79-49-51-43,
camille.darnaud-dufour@soitec.com; or Michael Markowitz, STMicroelectronics,
+1-212-821-8959, michael.markowitz@st.com

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

SureWest Employees Expand Foundation to Aid Local Non-Profits in Kansas City RegionFirst Kansas City Area Foundation Grant Presented to Local Domestic Violence Shelter, SAFEHOME

ROSEVILLE, Calif., May 13 /PRNewswire-FirstCall/ -- Established in the company's Sacramento market since 1992, employees of leading independent communications holding company SureWest Communications today launched the expansion of the SureWest Foundation into the company's Kansas City market with a $500 donation to SAFEHOME, a local domestic violence shelter.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO)

The mission of both the Kansas City and Sacramento chapters of the Foundation is to help those in need in the communities SureWest serves. The newly-formed Kansas City chapter will focus on funding regional non-profit organizations, assisting the elderly, disabled, families, children and disaster victims as well as art, culture and education programs throughout the greater Kansas City area. "At SureWest, we care about the community we serve," said John Walburn, SureWest's Kansas City Foundation vice president and customer care manager. "We live and work side-by-side with those in need in our local region. We created this Foundation to help meet the needs of those less fortunate than us and to help enhance the community around us."

"It is very exciting to be chosen as the first charity to receive funding from the SureWest Foundation in Kansas City," said Sharon Katz, SAFEHOME executive director. "We are very appreciative because we can't survive without this type of community support. These funds will go directly to the operations of our shelter for things like food, supplies and utilities." The mission of SAFEHOME is to break the cycle of domestic violence and partner abuse for victims and their children by providing shelter, advocacy, counseling and prevention education in the community. At SAFEHOME, clients gain inner strength, build self-esteem and establish a life free of violence.

Without the generosity of SureWest employees, the Foundation could not exist. Funding for the Foundation is raised primarily through employee pledges via one-time contributions or recurring payroll deductions. These voluntary contributions come from current and former employees, retirees and friends of SureWest. The management and the executive board of SureWest wholly support the Foundation by matching dollar-for-dollar all employee contributions and by absorbing all administrative costs, so that 100 percent of all contributions made to the Foundation go directly to the organizations in need.

Kansas City-based SureWest employees are following the model of the company's successful Sacramento Foundation, which was established in 1992 and now contributes approximately $300,000 to regional non-profits each year. The wisdom and experience gained over the 17-year history of the Sacramento chapter will help the Kansas City Foundation hit the ground running. Despite the troubled economy, the Sacramento-based Foundation has experienced a 22% increase in total employee donations over 2008. This highlights the unshakeable charitable spirit of SureWest employees, who continue to dig deeper to help their community and neighbors in need.

"Strong community involvement has long been a commitment of SureWest," said SureWest's President and Chief Executive Officer Steve Oldham. "By means of the Foundation, we are able to give back to the communities where we and our customers live, work and play."

Local non-profit agencies are invited to submit funding requests to the SureWest Foundation. Funding guidelines can be found at http://www.surewestfoundation.org/. The SureWest Foundation is duly recognized by the Internal Revenue Service, and by law, can only assist agencies that meet the Internal Revenue Code 501(c)(3).

About SureWest

SureWest Communications (http://www.surewest.com/) is one of the nation's leading integrated communications providers and is the bandwidth leader in the markets it serves. Headquartered in Northern California for 95 years, the company expanded into the Kansas City region in February 2008 with the acquisition of Everest Broadband, Inc. and offers bundled residential and commercial services that include IP-based digital and high-definition television, high-speed Internet, Voice over IP, and local and long distance telephone. SureWest was the nation's first provider to launch residential HDTV over an IP network and offers one of the nation's fastest symmetrical Internet services with speeds of up to 50 Mbps in each direction on its fiber-to-the-home network.

About SAFEHOME

Since its incorporation as a not-for-profit agency in 1980, SAFEHOME has grown from a network of "safe homes" in the community to a 45-bed shelter and comprehensive service provider for victims of domestic violence. In 2008, SAFEHOME assisted over 6,500 survivors of domestic violence. Recently, SAFEHOME was honored for their work with the Outstanding Victim Service Organization of the Year for the state of Kansas.

Corporate Communications Contacts: Ron Rogers 916-746-3123 r.rogers@surewest.com Anne Chacon 916-786-1235 a.chacon@surewest.com

Photo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com SureWest Communications

CONTACT: Ron Rogers, +1-916-746-3123, r.rogers@surewest.com, or Anne
Chacon, +1-916-786-1235, a.chacon@surewest.com, both of SureWest
Communications

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

General Dynamics Awarded Contract to Continue Work on U.S. Navy's Surface Electronic Warfare Improvement Program

FAIRFAX, Va., May 13 /PRNewswire-FirstCall/ -- The U.S. Navy has awarded General Dynamics Advanced Information Systems a $39.9 million contract for development and production as part of the Navy's Surface Electronic Warfare Improvement Program (SEWIP) Block 1B. The contract provides for the production and delivery of SEWIP Block 1B2 systems as well as the development and delivery of two Engineering Development Models for SEWIP Block 1B3. General Dynamics Advanced Information Systems is a business unit of General Dynamics .

SEWIP is an evolutionary acquisition block upgrade program for the U.S. Navy's primary surface ship electronic warfare and anti-ship missile defense system, the AN/SLQ-32 Electronic Warfare suite, which has been installed on naval combatants and auxiliaries since the late 1970s. The SEWIP Block 1B upgrades are expected to provide a vast improvement to the Surface Navy's Anti-Ship missile defense by enhancing the detection and identification capabilities that assist sailors in defending ships from emerging threats.

"Our work on SEWIP is an example of General Dynamics leveraging its open architecture expertise and commitment to an open business model," said Michael Tweed-Kent, vice president and general manager of integrated combat systems for General Dynamics Advanced Information Systems. "We will provide the Navy with the best industry solution and significantly improve the warfighter's capabilities."

Under this contract, General Dynamics will continue development of High Gain High Sensitivity (HGHS), leading to delivery of Engineering Development Models (EDM) and their integration and testing for the Block 1B3 upgrade. The contract also includes Full Rate Production (FRP) of the SEWIP Block 1B2 upgrade which deploys integrated Specific Emitter Identification (SEI), network centric and mission planning capabilities. Work under this award will be performed in Fairfax, Va.

General Dynamics Advanced Information Systems designs, develops, manufactures, integrates, operates and maintains mission systems for defense, space, intelligence, surveillance, reconnaissance, homeland security and homeland defense customers. Headquartered in Fairfax, Va., the company specializes in ground systems, imagery processing, mission payloads, and space vehicles; maritime subsurface, surface and airborne mission systems; and tasking, collection, processing, exploitation, and dissemination programs for national intelligence. More information is available on the Internet at http://www.gd-ais.com/.

General Dynamics, headquartered in Falls Church, Va., employs approximately 92,900 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at http://www.generaldynamics.com/.

General Dynamics Advanced Information Systems

CONTACT: Lucy Ryan of General Dynamics Advanced Information Systems,
+1-703-272-6010, or cell: +1-703-216-7595, Lucy.Ryan@gd-ais.com

Web Site: http://www.gd-ais.com/

Record Number of drugstore.com Customers Search for BargainsMoney-saving customers shop instant online coupons, sales and earn 5% 'cash back' with the drugstore.com dollars(TM) program

BELLEVUE, Wash., May 13 /PRNewswire-FirstCall/ -- drugstore.com, inc. , a leading online retailer of health, beauty, vision, and pharmacy products, is experiencing a dramatic increase, up more than 75% in the past year, in the number of consumers visiting its coupon, sale and clearance pages for non-prescription health and beauty products. The number of orders coming from customers searching for bargains is up more than 90% year-over-year.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM043LOGO)

"We see more and more consumers looking for ways to save money on products they use every day, and drugstore.com is focused on finding new ways to offer even more value. In fact we just lowered prices on more than 2,000 products," said David Lonczak, vice president, chief marketing officer, drugstore.com. "Since the beginning of the year, we've also seen more customers taking advantage of our drugstore.com dollars(TM) program, one of the highest value customer loyalty programs in the industry, offering 5% back toward a future purchase."

Strong growth in the number of new customers and a loyal base of repeat customers contributed to drugstore.com reporting the highest net revenue in company history during the first quarter of 2009.

drugstore.com offers a number of simple money-saving perks to customers shopping its wide selection of more than 45,000 products, from leading brands to hard-to-find items for health, beauty, household, baby, green & natural, pets, and much more.

-- Free Shipping on most orders - Minimum purchase of $25 for new customers or $49 for repeat customers, or buy an item that always ships free. -- drugstore.com dollars(TM) - Customers automatically earn 5% cash back for every eligible product purchased during a calendar quarter, the highest percentage in the industry. Customers may use their credit toward a purchase in the month following the quarter. -- Instant 'Click and Save' Coupons - Usually valued from $1 to $10 or more, drugstore.com is a leader in developing online coupons from leading manufacturers. Customers simply 'click and save' instantly. No printing. No paper. After the customer clicks the 'buy' button, the item is automatically added to their shopping cart. -- Shop Prestige Beauty and save on shipping - Partner site, Beauty.com, carries a large selection of prestige beauty brands. Shop drugstore.com and Beauty.com together, and your order will be shipped in one box. -- Gifts with Purchase and free samples from favorite brands on drugstore.com and Beauty.com. For details and more perks visit http://www.drugstore.com/customerperks.

In addition to easy ways to save, drugstore.com provides information to help shoppers make informed purchase decisions. There are hundreds of thousands of unfiltered customer product reviews on the site, informative videos, and detailed product information, including ingredients and directions.

Customers can shop 24 hours a day, seven days a week from the comfort and privacy of their own home with the benefit of home delivery. They may take advantage of many convenient features such as Auto Delivery to have items automatically delivered every 30, 45, 60, 90 or 180 days or order from Your List, a convenient list of previous purchases. The online store also features shopping guides, an FSA-only store for customers with flexible spending health accounts, product comparisons, and additional product content

About drugstore.com, inc.

drugstore.com, inc. is a leading online retailer of health, beauty, vision and pharmacy products. Our portfolio of brands includes: drugstore.com(TM), Beauty.com(TM) and VisionDirect.com(TM). All are accessible from http://www.drugstore.com/ and provide a convenient, private, and informative shopping experience while offering a wide assortment of more than 45,000 products at competitive prices.

The drugstore.com pharmacy is certified by the National Association of Boards of Pharmacy (NABP) as a Verified Internet Pharmacy Practice Site (VIPPS) and operates in compliance with federal and state laws and regulations in the United States.

Media Contact: Anne Marshall drugstore.com 425.372.3464 amarshall@drugstore.com

Photo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM043LOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com drugstore.com, inc.

CONTACT: Anne Marshall of drugstore.com, +1-425-372-3464,
amarshall@drugstore.com

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

Dance the Night Away With Popular Prom Songs on V CAST Music

BASKING RIDGE, N.J., May 13 /PRNewswire/ -- Whether you're gearing up for the biggest night of the school year; helping someone you love get ready for prom; or just reminiscing about your high school crush, stretch limos and corsages, the perfect prom song is available on V CAST Music from Verizon Wireless. With more than 4 million songs that can be downloaded over the air to choose from, V CAST Music lets prom-goers download that special song onto their phones while getting ready for the big night.

Choose from this year's top titles and create your own prom night playlists:

-- "Love Story" by Taylor Swift -- "A Moment Like This" by Kelly Clarkson -- "Thunder" by Boys Like Girls -- "Untouched" by The Veronicas -- "When You Look Me In The Eyes" by Jonas Brothers -- "You Found Me" by The Fray -- "Love Remains The Same" by Gavin Rossdale -- "I'm Yours" by Jason Mraz -- "Prom Queen" by Lil Wayne -- "Best Days Of Your Life" by Kellie Pickler

In the mood to dance? V CAST Music also offers these hot hits that are sure to get everyone primed to hit the dance floor:

-- "Just Dance" by Lady GaGa -- "Closer" by Ne-Yo -- "Until The End Of Time" by Justin Timberlake -- "With You" by Chris Brown -- "No Air" by Jordin Sparks featuring Chris Brown -- "Bleeding Love" by Leona Lewis -- "Right Round" by Flo Rida -- "My Life Would Suck Without You" by Kelly Clarkson -- "Whatever You Like" by T.I. -- "Let It Rock" by Kevin Rudolph and Lil Wayne

Parents can reminisce about classic prom songs as they snap photos of the kids' big night at pre-prom festivities. After downloading one of these classic prom songs on your V CAST Music phone, your kids will think they have the coolest parents on the block (even if they don't always agree with your choice in music):

-- "In Your Eyes" by Peter Gabriel -- "Wonderful Tonight" by Eric Clapton -- "Tonight's The Night" by Rod Stewart -- "Forever Young" by Alphaville -- "I Don't Want To Miss A Thing" by Aerosmith -- "Good Riddance (Time of Your Life)" by Green Day -- "Against All Odds" by Phil Collins -- "Here's to the Night" by Eve 6 -- "Truly Madly Deeply" by Savage Garden -- "Paradise By The Dashboard Light" by Meat Loaf

Verizon Wireless' flagship subscription-based music service -- V CAST Music with Rhapsody -- allows customers to purchase and download the vast majority of their full-track music to their PCs without digital rights management (DRM) restrictions.

For more information on mobile music from Verizon Wireless, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or visit http://www.verizonwireless.com/music. To purchase music, visit the Verizon Media Store at http://www.mediastore.verizonwireless.com/.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 86.6 million customers. Headquartered in Basking Ridge, N.J., with more than 86,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Debra Lewis of Verizon Wireless, +1-908-559-7512,
Debra.Lewis@verizonwireless.com

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

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

Software Leader SAP Launches Global Brand Campaign Declaring 'It's Time for A Clear New World'New Campaign by Ogilvy & Mather Focuses On Openness and Transparency in Business

NEW YORK, May 13 /PRNewswire/ -- Ogilvy & Mather Worldwide today announced the launch of a new integrated branding campaign for SAP AG , the world's leading provider of business software, which introduces a new vision for the way businesses must operate in today's economic reality. Using imagery that emphasizes clear vistas, as well as visibility into the operations of an office or factory floor, the campaign declares "It's Time for A Clear New World."

The effort connects the benefits of SAP's software products, which help companies to run their businesses with greater efficiency and flexibility, with the larger issues that businesses face today: the need for greater accountability and transparency. The campaign embodies the vision of Leo Apotheker, who unveiled his "Clear" platform in a keynote speech in Orlando yesterday. Apotheker becomes the sole CEO of SAP in June 2009.

"In today's business environment, companies must see clearly, think clearly, and act clearly within their own organization as well as across their business network. Only those with the visibility to act effectively and decisively will survive and emerge stronger than the competition," explained Marty Homlish, Global Chief Marketing Officer, SAP AG.

SAP unveiled "It's Time for A Clear New World" with print and digital ads breaking on May 12th in the US and Germany, and expanding to regional world markets in Europe and Asia later in the month. The campaign places a heavy emphasis on online media with a new sap.com global home page and landing experience, as well as videos featuring business leaders and academics who discuss how business challenges can best be addressed through greater openness and clarity. Out of home billboards and content tailored for mobile devices will also be featured in the effort.

"Working with SAP we saw an opportunity to re-articulate the essence of the SAP brand, or its brand's 'Big Ideal', as we call it. Above all, SAP stands for clarity," explained Josh Tavlin, Group Creative Director at Ogilvy & Mather New York. "We got here because the brand's vision is essentially baked into the company's products and services, and never has the promise of clarity been more relevant and urgent than it is in business today."

About Ogilvy & Mather

Ogilvy & Mather Worldwide (ogilvy.com), a subsidiary of WPP , is one of the largest marketing communications networks in the world, with more than 450 offices in 120 countries, specializing in advertising, relationship and interactive marketing, public relations, sales promotion and related services.

Ogilvy & Mather Worldwide

CONTACT: Toni Lee of Ogilvy & Mather, +1-212-237-5090, or cell,
+1-917-679-7631, Toni.Lee @ogilvy.com; or Natalie Fine of SAP,
+1-212-653-1414, Natalie.Fine@sap.com

Level 3 Launches New High-Speed Content Upload Service

NEW YORK, May 13 /PRNewswire/ --

- Level 3 Teams with High-Performance Transporter Aspera to Expedite Large-File Content Delivery

Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that it will offer its Content Delivery Network (CDN) customers a new High-Speed Content Upload service that enables rapid uploading of multimedia content to the Level 3 Origin Storage Platform.

Level 3 has augmented its Origin Storage offering to facilitate the upload and delivery of large files at speeds of up to 1 Gigabit per second (Gbps). To deliver this new service, Level 3 selected Aspera Inc.'s innovative fasp(TM) transport technology for its ability to move data at extremely high speeds, regardless of file size, network conditions and transfer distance. Level 3 is the first CDN provider to fully deploy Aspera's high-speed file transfer technology solution.

With a single 1 Gbps bandwidth connection, Level 3 CDN customers can move a terabyte of data - equivalent to approximately 1,000 full-length feature movies - from New York to Los Angeles in just over two hours.

"Level 3 has one of the most-connected fiber networks in the world," said Cary Capece, senior vice president of Sales and Business Development at Aspera. "Aspera's next-generation fasp transport technology combined with Level 3's CDN provides customers with maximum ingest and transfer speeds, reliability and security - exactly what companies are looking for from their content delivery provider."

The High-Speed Content Upload service comes at no additional cost to Level 3 CDN customers who use Level 3's Origin Storage service, a solution that allows customers to outsource the storage and management of their multimedia content.

"We continually look for ways to expand our CDN service portfolio to meet our customer's growing online needs," said Peter Neill, senior vice president of Level 3's Content Markets Group. "Aspera has been a fantastic company to work with, and our new High-Speed Content Upload service is a significant enhancement to our end-to-end content delivery workflow."

About Level 3 Communications

Level 3 Communications, Inc. (NASDAQ: LVLT) 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 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.

Level 3 Communications, Inc.

media, Vince Hancock, +1-720-888-2146, or investors, Mark Stoutenberg, +1-720-888-2518, both of Level 3 Communications, Inc./ Logo: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO

Honeywell Helps Detroit Lakes Connect With Residents and Parents, Improve Emergency ResponseNotification System Provides City and School Officials with Direct, Reliable Communication to Any Device

MINNEAPOLIS, May 13 /PRNewswire-FirstCall/ -- Honeywell today announced that the City of Detroit Lakes, Minn., and the Detroit Lakes School District have recently implemented the Honeywell Instant Alert(R) notification service. Instant Alert enables the city and school district to quickly contact residents, business owners and parents with direction and detail during emergencies.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071030/AQTU029LOGO)

Instant Alert is a Web-based notification service that replaces call trees and other traditional forms of communication, helping organizations deliver clear, consistent messages to any communications device -- phone, cell phone, e-mail, pager or PDA. The service can deliver up to 200,000 30-second phone calls and 125,000 text messages in 15 minutes, and is capable of storing pre-scripted alerts to help ensure a rapid and measured response in a crisis. In addition, the system is hosted off site and uses a series of distributed, redundant call center networks to disseminate information. As a result, it is one of the most reliable means of communication.

The City of Detroit Lakes and Lakeview Township are using Instant Alert Plus, a version of the service designed for cities, government, universities and business, to connect with more than 8,000 year round-residents, as well as the additional 12,000 seasonal residents who own summer homes in the area. Instant Alert Plus allows the city to reach residents no matter where they are -- on the lake, inside their homes or out of town -- and gives them the information they need in the event of an emergency.

Since implementation in March, city officials have already used the service to inform the community about severe weather, road closures and water restrictions. Most recently, Instant Alert was used to inform area residents of recent flood relief efforts in Moorhead, Minn. and Fargo, N.D.

"We offered transportation to Detroit Lakes residents who were interested in helping fill and stack sandbags," said Detroit Lakes Police Chief Kel Keena. "Without Instant Alert, we would not have been able to get the word out so quickly. We coordinated the event in the morning and had nearly 50 volunteers ready to go that evening."

The Detroit Lakes School District is using Instant Alert for Schools, a K-12-specific service that will help the district connect with parents of more than 2,700 students. Instant Alert for Schools allows administrators to deliver both emergency and routine messages, as well as send messages targeted to specific sub-groups, such as sports teams and grade levels.

The district has been using the service since January and has sent a variety of messages around weather-related delays, event cancellations and the like. It also used Instant Alert to immediately contact parents when an ultimately-harmless-but-noisy prank explosion created a disturbance at Detroit Lakes High School.

"The Instant Alert message explained the situation and assured everyone that the kids were safe," said Doug Froke, superintendent of Detroit Lakes School District. "Without Instant Alert, the details would not have reached parents so soon and misinformation could have complicated the situation. With the push of a button, we were able to control the rumor mill."

To use Instant Alert, a designated representative for the school district or city initiates a message through a secure Web site or by phone. The message is instantly relayed to all contact points provided by parents or residents. Instant Alert is integrated with the district's student information system and pulls contact information directly from the database, while residents of Detroit Lakes are asked to opt in through the city's Web site.

"This service is helping Detroit Lakes proactively prepare for emergencies and improve communication," said Paul Orzeske, president of Honeywell Building Solutions. "An organization could have the most detailed response plan in place. However, if they have no way to contact the community, or provide parents and faculty with critical updates, the plan is irrelevant."

Honeywell International (http://www.honeywell.com/) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit http://www.honeywellnow.com/. Honeywell Building Solutions is part of the Honeywell Automation and Control Solutions business group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Building Solutions, access http://www.honeywell.com/buildingsolutions.

This release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

Photo: http://www.newscom.com/cgi-bin/prnh/20071030/AQTU029LOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Honeywell

CONTACT: Aaron Parker of Honeywell, +1-763-954-4257,
aaron.parker@honeywell.com

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

IBM Helps Government of Slovenia to Build Smart Health Insurance SystemNew Electronic Health Insurance Card System to be Implemented Across Slovenia

LJUBLJANA, Slovenia, May 13 /PRNewswire-FirstCall/ -- The Health Insurance Institute of Slovenia today announced that it will roll out a new electronic health insurance card system based on IBM technology across the country.

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

The new system enables healthcare providers to instantly and accurately check a patient's health insurance status and allows for health claims to be processed online.

The decision to implement the new electronic health insurance system nationwide comes after the successful completion of a pilot program at Dr. Franc Derganc General Hospital in the Nova Gorica region of Slovenia.

The system is based on an IBM integrated IT infrastructure solution, which links healthcare providers to both public and private health insurance organizations. It uses an electronic health insurance card that will be carried by every Slovenian citizen and presented at the point of healthcare delivery.

Each electronic card carries a digital certificate which identifies the patient and enables the healthcare provider to access the patient's health insurance data online. During home visits, doctors can even check the health insurance data remotely by sending the patient's health insurance number as an SMS message.

"Our decision to implement the electronic health insurance card system across the country will give Slovenia one of the most advanced health insurance systems in the world," said Samo Fakin, General Manager of the Slovenian Health Insurance Institute. "Although a number of countries across the globe have electronic health insurance systems, Slovenia is the first to integrate both public and private insurance organizations -- all national partners in healthcare."

With the former system, the patient's insurance data was stored on the actual insurance card rather than on a remote server. Patients were required to update their insurance data on the card every few months at self-service terminals. The former system, from today's perspective, was costly, inefficient and inaccurate for health insurance providers as well as being inconvenient for patients. With confidential data stored on the cards, it was also less secure. Over the next six months this system will be phased out.

Since the completion of the pilot at Franc Derganc General Hospital in March 2009, the new system has been extended to over 100 healthcare institutions in the Gorenjska and Primorska regions. Planned to be fully operational by January 2010, the new system will be used by approximately 30,000 health professionals and more than two million patients in health institutions across Slovenia.

Implementation of the new electronic health insurance system and the creation of the integrated IT infrastructure pave the way for additional functionality such as electronic prescriptions and electronic medical records.

"IBM has extensive global experience in helping governments to create smarter systems that save money, create operational efficiencies and improve the quality of life for citizens," said Roman Koritnik, General Manager of IBM Slovenia. "The infrastructure created for the new electronic health insurance system provides a strong platform for further development of Slovenia's healthcare system."

IBM provided the hardware, software and services in order to create the central IT infrastructure for the project. The solution is based on IBM System z10 hardware running WebSphere and DB2 software. The main software components include modules for identifying, authenticating and authorizing health professionals to ensure a secure communication channel between the healthcare provider and insurer.

For more information about IBM Healthcare and Life Sciences, please visit: http://www.ibm.com/healthcare

For more information on the Slovenian Health Insurance Institute, please visit: http://www.zzzs.si/zzzs/internet/zzzseng.nsf/dok_ste/72

Contact information: Tanja Subotic IBM Media Relations, Slovenia tanja.subotic@si.ibm.com GSM: +386 (40) 456 903 Laurie Friedman IBM Media Relations, U.S. laurie1@us.ibm.com 914 499 4608

Photo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com IBM Corporation

CONTACT: Tanja Subotic, IBM Media Relations, Slovenia,
tanja.subotic@si.ibm.com, GSM: +386(40)456-903; or Laurie Friedman, IBM Media
Relations, U.S., laurie1@us.ibm.com, +1-914-499-4608

Web Site: http://www.ibm.com/healthcare

Level 3 Launches New High-Speed Content Upload ServiceLevel 3 Teams with High-Performance Transporter Aspera to Expedite Large-File Content Delivery

NEW YORK, May 13 /PRNewswire/ -- Level 3 Communications, Inc. today announced that it will offer its Content Delivery Network (CDN) customers a new High-Speed Content Upload service that enables rapid uploading of multimedia content to the Level 3 Origin Storage Platform.

Level 3 has augmented its Origin Storage offering to facilitate the upload and delivery of large files at speeds of up to 1 Gigabit per second (Gbps). To deliver this new service, Level 3 selected Aspera Inc.'s innovative fasp(TM) transport technology for its ability to move data at extremely high speeds, regardless of file size, network conditions and transfer distance. Level 3 is the first CDN provider to fully deploy Aspera's high-speed file transfer technology solution.

With a single 1 Gbps bandwidth connection, Level 3 CDN customers can move a terabyte of data - equivalent to approximately 1,000 full-length feature movies - from New York to Los Angeles in just over two hours.

"Level 3 has one of the most-connected fiber networks in the world," said Cary Capece, senior vice president of Sales and Business Development at Aspera. "Aspera's next-generation fasp transport technology combined with Level 3's CDN provides customers with maximum ingest and transfer speeds, reliability and security - exactly what companies are looking for from their content delivery provider."

The High-Speed Content Upload service comes at no additional cost to Level 3 CDN customers who use Level 3's Origin Storage service, a solution that allows customers to outsource the storage and management of their multimedia content.

"We continually look for ways to expand our CDN service portfolio to meet our customer's growing online needs," said Peter Neill, senior vice president of Level 3's Content Markets Group. "Aspera has been a fantastic company to work with, and our new High-Speed Content Upload service is a significant enhancement to our end-to-end content delivery workflow."

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/

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News archive of November 2009
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