Marvell Technology Reports Fiscal First Quarter ResultsRevenue: $521.4 Million, Up 2 Percent SequentiallyFree Cash Flow: $131.8 Million, 25 Percent of Revenues

SANTA CLARA, Calif., May 28 /PRNewswire-FirstCall/ -- Marvell Technology Group Ltd. , a world leader in storage, communications and consumer silicon solutions, today reported financial results for the first quarter of fiscal 2010, ended May 2, 2009.

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Net revenue for the first quarter of fiscal 2010 was $521.4 million, a 2 percent sequential increase from $512.9 million in the fourth quarter of fiscal 2009, ended January 31, 2009 and a 35 percent decrease from $804.1 million in the first quarter of fiscal 2009, ended May 3, 2008.

GAAP net loss was $39.5 million, or $0.06 per share (diluted), for the first quarter of fiscal 2010, as compared to a GAAP net loss of $65.0 million, or $0.11 per share (diluted), for the fourth quarter of fiscal 2009. For the first quarter of fiscal 2009 GAAP net income was $69.9 million, or $0.11 per share (diluted).

Non-GAAP net income was $31.9 million, or $0.05 per share (diluted), for the first quarter of fiscal 2010, a decrease of 2 percent from non-GAAP net income of $32.4 million, or $0.05 per share (diluted), for the fourth quarter of fiscal 2009, and a 79 percent decrease compared with non-GAAP net income of $150.4 million, or $0.24 per share (diluted), for the first quarter of fiscal 2009.

"We are pleased with the sequential improvement in revenue during our first fiscal quarter of 2010," said Dr. Sehat Sutardja, Marvell Chairman and Chief Executive Officer. "We also delivered improved profitability and cash flow during the first quarter, a positive reflection of the actions we undertook in recent quarters to control costs and expenses as well as tightly managing our working capital. We are continuing to monitor the changing economic environment and will manage our business accordingly. However, recent trends indicate an improvement in near term order patterns."

Marvell reports net income (loss), basic and diluted net income (loss) per share in accordance with U.S. generally accepted accounting principles (GAAP) and on a non-GAAP basis as outlined below. Reconciliations of GAAP net income (loss) to non-GAAP net income for the three months ended May 2, 2009, January 31, 2009 and May 3, 2008, respectively, appear in the financial statements below. Non-GAAP net income, where applicable, excludes the effect of stock-based compensation, amortization and write-offs of acquired intangible assets, restructuring costs and certain one-time expenses or benefits.

GAAP gross margin for the first quarter of fiscal 2010 was 50.6 percent, compared to 50.7 percent for the fourth quarter of fiscal 2009 and 51.6 percent for the first quarter of fiscal 2009. GAAP gross margin for the first quarter of fiscal 2010 included costs of $1.0 million associated with the ramp-down of the test operations in Malaysia.

Non-GAAP gross margin for the first quarter of fiscal 2010 increased to 51.6 percent, compared to 51.3 percent for the fourth quarter of fiscal 2009 and 52.0 percent for the first quarter of fiscal 2009.

Shares used to compute GAAP net loss per diluted share, for the first quarter of fiscal 2010 were 619 million shares, compared with 615 million shares in the fourth quarter of fiscal 2009 and 624 million shares in the first quarter of fiscal 2009. Shares used to compute non-GAAP net income per diluted share for the first quarter of fiscal 2010 were 637 million shares, compared with 629 million shares for the fourth quarter of fiscal 2009 and 624 million shares for the first quarter of fiscal 2009.

Cash flow from operations for the first quarter of fiscal 2010 was $144.5 million, up 32 percent sequentially from $109.1 million reported in the fourth quarter of fiscal 2009 and up 11 percent from $130.2 million in the first quarter of fiscal 2009. Free cash flow, defined as cash flow from operations less capital expenditures and purchases of IP licenses, was $131.8 million, up 42 percent sequentially from $92.7 million in the fourth quarter of fiscal 2009 and up 32 percent from $99.7 million in the first quarter of fiscal 2009.

Conference Call

Marvell will be conducting a conference call on May 28, 2009 at 1:45 p.m. PDT to discuss results for the first quarter ended May 2, 2009. Interested parties may dial-in to the conference call at 1-866-272-9941, pass-code 21507569. The call is being webcast by ThomsonReuters and can be accessed at Marvell's website under the Investor Events section of the Investor Relations page at http://www.marvell.com/investors/events.jsp. Replay on the internet will be available following the call until June 28, 2009.

Discussion of Non-GAAP Financial Measures

Non-GAAP financial measures exclude stock-based compensation expense as well as charges related to acquisitions, restructuring, gains and other charges that are driven primarily by discrete events that management does not consider to be directly related to Marvell's core operating performance. Non-GAAP earnings per share is calculated by dividing non-GAAP net income by non-GAAP weighted average shares outstanding (diluted). For purposes of calculating non-GAAP earnings per share, the GAAP weighted average shares outstanding (diluted) is adjusted to exclude the potential benefits of compensation costs expected to be incurred in future periods, but not yet recognized in the financial statements. The expected compensation costs are treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method and also include the dilutive/antidilutive effects of common stock options and restricted stock.

Marvell believes that the presentation of non-GAAP financial measures provide important supplemental information to management and investors regarding financial and business trends relating to Marvell's financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, the information provided by GAAP financial measures. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. For further information regarding why Marvell believes that these non-GAAP measures provide useful information to investors, the specific manner in which management uses these measures, and some of the limitations associated with the use of these measures, please refer to Marvell's Current Report on Form 8-K filed today with the SEC. The Form 8-K is available on the SEC's website at http://www.sec.gov/ as well as on the Marvell website in the Investor Relations section at http://www.marvell.com/.

About Marvell

Marvell Technology is a global leader in the development of storage, communications and consumer silicon solutions. Marvell's diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries. For more information visit http://www.marvell.com/

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Company's expectations about managing our business; the Company's expectations about near term order patterns; and statements concerning the Company's use of non-GAAP gross margin, net income and net income per share as important supplemental information. These statements are not guarantees of results and should not be considered as an indication of future performance. Actual events or results may differ materially from those described in this document due to a number of risks and uncertainties, including, among others, the Company's reliance on major customers and suppliers; market acceptance of new products; uncertainty in the worldwide economic environment; successful execution of the Company's restructuring plan and other risks detailed in Marvell's SEC filings. When Marvell files its Form 10-Q for the first quarter of fiscal year 2010, the financial statements may differ from the results disclosed in this press release because judgments and estimates that management used in preparing the financial results reported in this press release may need to be updated to the date of the filing. The Company's results also remain subject to review by the Company's independent registered public accounting firm. For other factors that could cause Marvell's results to vary from expectations, please see the risk factors identified in the Marvell's latest Annual Report on Form 10-K for the year end January 31, 2009 and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the SEC and other factors detailed from time to time in Marvell's filings with the SEC. Marvell undertakes no obligation to revise or update publicly any forward-looking statements.

For further information, contact: Jeff Palmer Tom Hayes Investor Relations Corporate Communications 408-222-8373 408-222-2815 jpalmer@marvell.com tom@marvell.com Marvell Technology Group Ltd. Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts) Three Months Ended May 2, January 31, May 3, 2009 2009 2008 Net revenue $521,434 $512,867 $804,075 Cost of goods sold 257,630 252,732 388,842 Gross profit 263,804 260,135 415,233 Operating expenses: Research and development 200,249 207,579 238,475 Selling and marketing 32,646 31,893 46,088 General and administrative 29,496 31,979 12,951 Amortization and write-off of acquired intangible assets 30,356 48,274 35,247 Restructuring 8,336 9,689 - Total operating expenses 301,083 329,414 332,761 Operating income (loss) (37,279) (69,279) 82,472 Interest and other income (expense), net (160) (440) (4,692) Income (loss) before income taxes (37,439) (69,719) 77,780 Provision (benefit) for income taxes 2,018 (4,709) 7,841 Net income (loss) $(39,457) $(65,010) $69,939 Basic net income (loss) per share $ (0.06) $(0.11) $ 0.12 Diluted net income (loss) per share $ (0.06) $(0.11) $ 0.11 Shares used in computing basic earnings per share 618,677 614,960 601,222 Shares used in computing diluted earnings per share 618,677 614,960 624,351 Marvell Technology Group Ltd. Reconciliation of Non-GAAP Adjustments (Unaudited) (In thousands, except per share amounts) Reconciliation of GAAP net income (loss) to non-GAAP net income: Three Months Ended May 2, January 31, May 3, 2009 2009 2008 GAAP net income (loss) $(39,457) $(65,010) $69,939 Stock-based compensation 31,648 44,701 45,226 Amortization and write-off of acquired intangible assets 30,356 48,274 35,247 Restructuring 8,336 9,689 - Other (a) 990 (5,292) - Non-GAAP net income $31,873 $32,362 $150,412 GAAP weighted average shares - diluted 618,677 614,960 624,351 Non-GAAP adjustment 17,928 14,032 91 Non-GAAP weighted average shares diluted (b) 636,605 628,992 624,442 GAAP diluted net income (loss) per share $(0.06) $(0.11) $ 0.11 Non-GAAP diluted net income per share $0.05 $ 0.05 $ 0.24 GAAP gross profit: $263,804 $260,135 $415,233 Stock-based compensation 4,116 3,021 3,073 Other (a) 990 - - Non-GAAP gross profit $268,910 $263,156 $418,306 GAAP gross profit as a % of revenue 50.6% 50.7% 51.6% Stock-based compensation 0.8% 0.6% 0.4% Other (a) 0.2% - - Non-GAAP gross profit 51.6% 51.3% 52.0% GAAP research and development: $200,249 $207,579 $238,475 Stock-based compensation (21,737) (33,358) (29,932) Other (a) - 3,652 - Non-GAAP research and development $178,512 $177,873 $208,543 GAAP selling and marketing: $32,646 $31,893 $46,088 Stock-based compensation (3,711) (4,677) (7,348) Other (a) - 1,323 - Non-GAAP selling and marketing $28,935 $28,539 $38,740 GAAP general and administrative: $29,496 $31,979 $12,951 Stock-based compensation (2,084) (3,645) (4,837) Other (a) - 317 - Non-GAAP general and administrative $27,412 $28,651 $8,114 (a) For fiscal quarter ended May 2, 2009 consists of underutilization charges recorded in connection with the rampdown of the Malaysia test operations. For fiscal quarter ended January 31, 2009 charges consists of the reversal of the remaining payroll related tax liabilities initially recorded in prior years in connection with Marvell's historic stock option granting practices. (b) For purposes of calculating non-GAAP net income per share, the GAAP diluted weighted average shares outstanding is adjusted to exclude the benefits of SFAS 123R compensation costs attributable to future services and not yet recognized in the financial statements that are treated as proceeds assumed to be used to repurchase shares under the GAAP treasury method and also includes the dilutive/antidilutive effects of warrants, common stock options and restricted stock. Marvell Technology Group Ltd. Condensed Consolidated Balance Sheets (Unaudited) (In thousands) May 2, January 31, Assets 2009 2009 Current assets: Cash, cash equivalents, and short-term investments $1,083,705 $ 951,909 Accounts receivable, net 285,367 222,101 Inventories 203,590 310,654 Prepaid expenses, deferred income taxes and other current assets 67,038 75,651 Total current assets 1,639,700 1,560,315 Property and equipment, net 371,229 390,853 Long-term investments 39,655 40,541 Goodwill and acquired intangible assets, net 2,253,854 2,284,164 Other non-current assets 136,773 138,327 Total assets $4,441,211 $4,414,200 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 166,988 $ 139,028 Accrued liabilities 196,326 175,135 Income taxes payable 47,257 35,803 Deferred income 47,800 57,895 Current portion of capital lease obligations 1,824 1,787 Total current liabilities 460,195 409,648 Capital lease obligations, net of current portion 1,981 2,451 Other long-term liabilities 161,480 173,034 Total liabilities 623,656 585,133 Shareholders' equity: Common stock 1,238 1,233 Additional paid-in capital 4,402,167 4,372,265 Accumulated other comprehensive income (loss) (2,680) (718) Accumulated deficit (583,170) (543,713) Total shareholders' equity 3,817,555 3,829,067 Total liabilities and shareholders' equity $4,441,211 $4,414,200 Marvell Technology Group Ltd. Condensed Consolidated Statements of Cash Flows (Unaudited) (in thousands) Three Months Ended May 2, January 31, May 3, 2009 2009 2008 Cash flows from operating activities: Net income (loss) $(39,457) $(65,010) $69,939 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 25,375 27,038 28,618 Stock-based compensation 31,648 44,701 45,226 Amortization and write-off of acquired intangible assets 30,356 48,274 35,247 Fair market value adjustment to Intel inventory sold (1,343) (1,196) (6,383) Realized loss on derivative contract 475 - - Deferred tax (provision) benefit - (17,467) - Excess tax benefits from stock-based compensation (29) (9) (169) Changes in assets and liabilities, net of assets acquired and liabilities assumed in acquisitions: Restricted cash - - (24,500) Accounts receivable (63,266) 175,735 (38,152) Inventories 106,281 31,088 55,918 Prepaid expenses and other assets 14,330 1,629 32,466 Accounts payable 30,738 (82,791) (63,076) Accrued liabilities and other (9,020) (13,016) (18,807) Accrued employee compensation 13,033 (44,615) 16,963 Income taxes payable 1,343 11,607 6,656 Deferred income 4,065 (6,825) (9,753) Net cash provided by operating activities 144,529 109,143 130,193 Cash flows from investing activities: Cash paid in acquisitions, net - (5,287) - Purchases of investments - - (10,126) Sales and maturities of short-term and long-term investments - - 23,793 Purchases of technology licenses (9,300) (2,550) - Purchases of property and equipment (3,414) (13,931) (30,522) Net cash used in investing Activities (12,714) (21,768) (16,855) Cash flows from financing activities: Proceeds from the issuance of common shares 385 12,192 17,054 Principal payments on capital lease and debt obligations (433) (192,174) (2,125) Excess tax benefits from stock-based compensation 29 9 169 Net cash provided by (used in) financing activities (19) (179,973) 15,098 Net increase (decrease) in cash and cash equivalents 131,796 (92,598) 128,436 Cash and cash equivalents at beginning of period 927,409 1,020,007 615,648 Cash and cash equivalents at end of period $1,059,205 $927,409 $744,084

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PRN Photo Desk, photodesk@prnewswire.com/ Marvell Technology

CONTACT: Jeff Palmer, Investor Relations, +1-408-222-8373,
jpalmer@marvell.com, or Tom Hayes, Corporate Communications, +1-408-222-2815,
tom@marvell.com, both of Marvell Technology

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

VUANCE Ltd. Announces 2009 First Quarter ResultsFirst Quarter Revenues Increase 6.5% to $4.3 Million; Non-GAAP operating loss decreases to $481,000 compared to $663,000 in Q4 2008 and $1.6 Million in Q1 2008

FRANKLIN, Wis., May 28 /PRNewswire-FirstCall/ -- VUANCE Ltd. , a leading provider of innovative Radio Frequency Verification Solutions, including active RFID, electronic access control, credentialing, accountability and critical situation management, today announced operating results for the first quarter period ending March 31, 2009.

Operational Highlights -- Non-GAAP operational losses continued to narrow substantially. On a non-GAAP basis (see reconciliation between GAAP and non-GAAP results at the end of this press release) the Company reported a non-GAAP operating loss of $481,000 in the first quarter of 2009 compared sequentially to a non-GAAP operating loss of $663,000 in the fourth quarter of 2008 and compared to a non-GAAP operating loss of $1.6 million in the first quarter last year. -- The Company announced it will supply and assist in the programming of a new integrated security system based on VUANCE's proprietary Managed Automated Security Controls (MASC) system to protect the Daytona Beach International Airport (DBIA). VUANCE will develop a comprehensive security system to monitor and control all activity and movement through VUANCE's MASC graphical interface, creating an intelligent, easy-to-use, powerful security communications network within the Airport. -- VUANCE was selected to monitor and control all activity in the Decker Lake Youth Complex, a correctional facility designed for housing youth in a Medium/High security setting, in West Valley City, Utah. -- VUANCE continues to gain traction in all of its business segments, resulting in record levels of RFP activity and a growing pipeline. U.S. Federal Government-funded projects, including a particular emphasis on spending for schools and public safety projects, have increased the total market opportunity for near-term projects. First Quarter 2009 Selected Unaudited Financial Results

Revenues for the quarter ended March 31, 2009 increased 6.5% to $4.3 million from $4.1 million in the year-ago first quarter. The increase was largely driven by growth related to Electronic access control and to the IRMS business, partially offset by lower revenues from the European Airport project. The Company expects to complete phase one of the European Airport project, which includes the design and installation of VUANCE technology, during the second quarter and will be transitioning to the ongoing, contracted maintenance and support phase. As previously announced, VUANCE has signed a 10-year, $6.2 million contract for maintenance and support, resulting in approximately $620,000 in annual revenue to VUANCE for this phase of the project.

Gross profit decreased 8.4% to $2.3 million for the first quarter compared to $2.5 million for the prior-year first quarter. Gross profit margin for the quarter was 53.5%, compared to the 62.1% for the first quarter of 2008. The change in gross profit margins was due to a shift in the Company's mix of revenue as revenues from electronic access control and CSMS have lower gross margin then Airport project. However, the lower margin revenues from these products typically carry lower operating expenses and therefore contribute higher operating margin. Total operating expenses from continued operations for the quarter were $3.1 million, down 28.8% sequentially compared to the $4.3 million for the fourth quarter last year and down 31.4% compared to the $4.5 million for the first quarter last year. The Company reported a loss from operations for the quarter of $744,000 compared sequentially to a loss from operations of $1.1 million and compared to a $1.9 million loss from operations in the first quarter of 2008. In the fourth quarter 2008, the operating expenses and operating loss exclude any impact of goodwill impairment charges.

Eyal Tuchman, Chief Executive Officer of VUANCE Ltd., commented, "VUANCE made solid progress in its efforts to reduce costs and narrow the Company's operating loss. We expect continued reductions in operating expenses, and further improvement in our bottom line performance, as we move forward during 2009. Revenue for the quarter was up 6.5% compared to the first quarter last year, but was lower when compared sequentially with the fourth quarter of 2008 due to seasonality, as our first quarter is historically our slowest period of the year, and also us nearing completion and entering into the second phase of the $13.8 million contract with a European International Airport to provide for the integrated perimeter security system and border control system. We will now begin to transition into the 10-year maintenance and support phase, resulted in lower, but recurring revenue to VUANCE from this project."

Mr. Tuchman continued, "We completed the quarter with a backlog of $8.6 million for the next 12 months and a total backlog of $47.4 million, providing optimism for the remainder of 2009. Demand for our technology and expertise has not been impacted by the recession, and RFP activity remains high. We are expecting initial revenue from relatively large projects for regional governments, backed by Federal stimulus funding, beginning in the third quarter. In addition, we continue to see improved traction in every part of our business, as airports, train stations, power plants, schools and colleges, all look to add state-of-the-art technology to help secure their facilities and protect their constituents. We remain optimistic about the remainder of the year and beyond."

The net loss from continuing operations was $875,000, or $(0.17) per diluted share, compared sequentially to a net loss from continuing operations of $1.3 million, or $(0.24) per diluted share, for the three months ended December 31, 2008 and compared with a net loss from continuing operations of $4.0 million, or $(0.77) per diluted share, in the first quarter of 2008. The Company's net loss was $940,000, or $(0.18) per diluted share, for the three months ended March 31, 2009, compared sequentially with a net loss of $1.4 million, or $(0.27) per diluted share in the fourth quarter of last year and compared with a net loss of $4.0 million, or $(0.77) per share for the first quarter last year. The Company used 5.3 million weighted average shares outstanding in the calculation of net loss per share for the first quarter of 2009, compared to 5.1 million for the first quarter last year. In the fourth quarter 2008, the net loss excludes any impact of goodwill impairment charges.

On a non-GAAP basis (see reconciliation between GAAP and non-GAAP results at the end of this press release), excluding non-cash stock-based compensation and amortization of intangible assets related to the SHC acquisition of $263,000 during the first quarter of 2009, the Company reported a non-GAAP operating loss of $481,000 compared sequentially to a non-GAAP operating loss of $663,000 in the fourth quarter of last year and compared to a non-GAAP operating loss of $1.6 million in the first quarter of 2008. In the first quarter of 2009, the Company's non-GAAP net loss from continuing operations totaled $612,000 or $(0.12) per diluted share, compared sequentially to a non-GAAP net loss from continuing operations of $787,000, or $(0.15) for the fourth quarter of last year and compared to a non-GAAP net loss from continuing operations of $2.9 million, or $(0.57) per diluted share in the first quarter last year. In the fourth quarter 2008, the results exclude any impact of goodwill impairment charges.

VUANCE completed the quarter with cash, restricted cash and cash equivalents totaling $1.5 million and approximately $270,000 utilized on its accounts receivable-based credit line as of March 31, 2009. The Company is nearing completion of its review of potential Goodwill impairment charges related to its annual report, Form 20-F. The Company expects to file its 20-F by the end of June, and expects to record an impairment of its Goodwill of approximately $3.2 million. Since this review is ongoing and not yet complete, the Company is not providing an interim balance sheet for the period ended March 31, 2009 in this press release.

The Company's financial results have been prepared on a going concern basis, which presumes the realization of assets and the settlement of liabilities in the normal course of operations. The application of the going concern basis is dependent upon the Company having sufficient available cash resources and achieving profitable operations to generate sufficient cash flows to fund continued operations. Should the Company fail to generate sufficient cash flows from operations, it will require additional financing to remain a going concern.

Use of Non-GAAP Financial Information

In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, VUANCE uses non-GAAP measures of operational profit, net income and earnings per share, which are adjustments from results based on GAAP to exclude non-cash equity-based compensation charges in accordance with SFAS 123(R), amortization of intangibles assets related to acquisitions, Beneficial conversion feature and amortization of discount on convertible bonds and other related expenses. VUANCE management believes the non-GAAP financial information provided in this release provides meaningful supplemental information regarding our performance and enhances the understanding of the Company's on-going economic performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Management uses both GAAP and non-GAAP information in evaluating and operating the business and as such deemed it important to provide all this information to investors.

About VUANCE Ltd.

VUANCE Ltd. develops and markets state-of-the-art security solutions for viewing, tracking, locating, credentialing, and managing essential assets and personnel. VUANCE solutions encompass electronic access control, urban security, and critical situation management systems as well as long-range Active RFID for public safety, commercial, and government sectors. The Company's comprehensive product line enables end-to-end solutions that can be employed to successfully overcome the most difficult security challenges. Its Critical Situation Management System (CSMS) is the industry's most comprehensive mobile credentialing and access control system, designed to meet the needs of Homeland Security and other public initiatives. VUANCE is serious about security.

VUANCE Ltd. is headquartered in Rockville, MD. Its common stock is listed on the NASDAQ Capital Market under the symbol "VUNC." For more information, visit http://www.vuance.com/.

Statement Regarding Unaudited Financial Information

The unaudited financial information set forth above is subject to adjustments that may be identified when audit work is performed on our year-end financial statements, which could result in significant differences from this unaudited financial information. In addition, once the 2008 financial statements have been finalized and the audit is complete, the Company may be required to record a non-cash charge for the impairment of Goodwill of approximately $3.2 million. The Company expects to publish its full 2008 annual results, together with the filing of its annual report on Form 20-F with the Securities and Exchange Commission, in June 2009.

Safe Harbor

This press release 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. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community.

Investor/Media Contact Hayden IR Brett Maas, 646-536-7331 brett@haydenir.com CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS U.S. dollars in thousands (except share data) Three months ended March 31, 2009 2008 Unaudited Revenues $4,344 $4,079 Cost of revenues 2,021 1,543 Gross profit 2,323 2,536 Operating expenses: Research and development 374 733 Selling and marketing 2,084 2,875 General and administrative 609 862 Total operating expenses 3,067 4,470 Operating (loss) (744) (1,934) Financial expenses, net 125 2,030 Loss before taxes on income (869) (3,964) Taxes on income 6 - Net loss from continuing operations (875) (3,964) Loss from discontinued operations 65 - Net (loss) $(940) $(3,964) Basic and diluted loss from continuing operations $(0.17) $(0.77) Basic and diluted loss from discontinued operations $( 0.01) $- Basic and diluted net loss per share $( 0.18) $(0.77) Weighted average number of Ordinary shares used in computing basic and diluted net loss per share 5,273,207 5,126,677 RECONCILIATION BETWEEN GAAP TO NON-GAAP STATEMENTS OF OPERATIONS U.S. dollars in thousands (except share data) Three months ended Three months ended March 31, 2009 March 31, 2008 GAAP Adjustment Non-GAAP GAAP Adjustment Non-GAAP Unaudited Unaudited Revenues $4,344 - $4,344 $4,079 - $4,079 Cost of 2,021 (4)(a) 2,017 1,543 (5)(a) 1,538 revenues Gross profit 2,323 4 2,327 2,536 5 2,541 Operating expenses: Research and development 374 (103)(a)(b) 271 733 (148)(a)(b) 585 Selling and marketing 2,084 (107)(a)(b) 1,977 2,875 (107)(a)(b) 2,768 General and administrative 609 (49)(a) 560 862 (62)(a) 800 Total operating expenses 3,067 (259)(a)(b) 2,808 4,470 (317)(a)(b) 4,153 Operating(loss) (744) 263 (481) (1,934) 322 (1,612) Financial (expenses), net (125) - (125) (2,030) 715(c) (1,315) Loss before taxes on income (869) 263 (606) (3,964) 1,037 (2,927) Taxes on income 6 - 6 - - - Net loss from continuing operations (875) 263 (612) (3,964) 1,037 (2,927) Loss from discontinued operations 65 - 65 - - - Net (loss) $(940) 263 $(677) (3,964) 1,037 (2,927) Basic and diluted loss from continuing operations $(0.17) $0.05 $(0.12) $(0.77) $0.20 $(0.57) Basic and diluted loss from discontinued operations $( 0.01) $- $( 0.01) $- $- $- Basic and diluted net loss per share $( 0.18) $0.05 $( 0.13) $(0.77) $0.20 (0.57) Weighted average number of Ordinary shares used in computing basic and diluted net loss per share 5,273,207 5,273,207 5,273,207 5,126,677 5,126,677 5,126,677 (a) The effect of stock-based compensation. (b) The effect of amortization of intangibles assets related to acquisition. (c) Beneficial conversion feature and amortization of discount on convertible bonds and other related expenses.

VUANCE Ltd.

CONTACT: Investor/Media Contact, Brett Maas of Hayden IR,
+1-646-536-7331, brett@haydenir.com, for VUANCE Ltd.

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

LSI to Present at Bank of America and Merrill Lynch U.S. Technology Conference

MILPITAS, Calif., May 28 /PRNewswire-FirstCall/ -- LSI Corporation today announced that Abhi Talwalkar, President and CEO, will be presenting at the Bank of America and Merrill Lynch U.S. Technology Conference in New York, N.Y., on Thursday, June 4, 2009, at 2:15 p.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 & Design logo 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/

Private Equity Group Completes Purchase of Cable Product Line from Tollgrade

PITTSBURGH, May 28 /PRNewswire-FirstCall/ -- Tollgrade Communications, Inc. , a leading provider of network service assurance to the telecommunications and cable industry, today announced that the private equity group of investors, operating under the name Cheetah Technologies, L.P., has completed the previously announced purchase from Tollgrade of substantially all of the assets of its cable status monitoring product line for $3.15 million, with $2.75 million to be paid in cash and $0.4 million in a seller-held note payable over two years. This purchase price is subject to adjustment based on the final working capital which will be calculated post-closing.

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

Transition processes for employees and continuous customer service are now taking place. The transaction includes transfer of assets, assumption of specified liabilities and assignment of customer and OEM agreements. Tollgrade sold this status monitoring product line as it plans to focus more on service assurance solutions and the data correlation aspects of test and measurement that allow its customers to reduce operating costs.

Tollgrade took a charge of approximately $0.2 million in the first quarter of 2009 as a result of this divestiture.

About Tollgrade

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

About The Private Equity Investor Group

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

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

Forward-Looking Statements

The foregoing release contains "forward-looking statements" regarding future events or results within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

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

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

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

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

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

Novell Reports Financial Results for Second Fiscal Quarter 2009- Operating margin improves year-over-year- Linux Platform Products revenue increases 25% year-over-year

WALTHAM, Mass., May 28 /PRNewswire-FirstCall/ -- Novell, Inc. today announced financial results for its second fiscal quarter ended April 30, 2009. For the quarter, Novell reported net revenue of $216 million. This compares to net revenue of $236 million for the second fiscal quarter of 2008. Income from operations for the second fiscal quarter of 2009 was $18 million, compared to income from operations of $2 million for the second fiscal quarter of 2008. Net income in the second fiscal quarter of 2009 was $16 million, or $0.05 per share. This compares to net income of $6 million, or $0.02 per share, for the second fiscal quarter of 2008. In the second fiscal quarter of 2009, foreign currency exchange rates negatively impacted net revenue by $6 million and favorably impacted operating expenses by $13 million and income from operations by $7 million compared to the same period last year.

On a non-GAAP basis, income from operations for the second fiscal quarter of 2009 was $35 million. This compares to non-GAAP income from operations of $16 million in the year-ago quarter. Non-GAAP net income for the second fiscal quarter of 2009 was $29 million, or $0.08 per share. This compares to non-GAAP net income of $21 million, or $0.06 per share, for the second fiscal quarter of 2008. A reconciliation of GAAP to non-GAAP results is provided in the financial schedules as part of this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures."

Novell reported $39 million of product revenue from Open Platform Solutions, of which $37 million was from Linux Platform Products, up 25% compared to the product revenue from Linux Platform Products from the same period last year. Product revenue from Identity and Security Management was $30 million, of which Identity, Access and Compliance Management was $28 million, up 2% compared to the product revenue from Identity, Access and Compliance Management from the same period last year. Product revenue from Systems and Resource Management was $40 million, down 2% compared to the same period last year. Workgroup product revenue of $79 million decreased 14% compared to the same period last year.

"While total invoicing declined, in line with global economic trends, I am pleased with the continued expansion of our operating margin. Within our portfolio, our growth businesses - Linux, Identity and Systems and Resource Management - have strong prospects and continue to show promise," said Ron Hovsepian, President and CEO of Novell. "Our Linux and Identity businesses have the greatest potential to continue to expand operating margins, and we plan to attain profitability within these businesses no later than 12-18 months from today, barring unforeseen circumstances."

Cash, cash equivalents and short-term investments were $1 billion at April 30, 2009, consistent with last quarter. Days sales outstanding in accounts receivable was 55 days at the end of the second fiscal quarter of 2009, improved from 66 days at the end of the year-ago quarter. Total deferred revenue was $659 million at the end of the second fiscal quarter of 2009, down from $702 million at the end of the year-ago quarter. For the second fiscal quarter of 2009, cash flow from operations was negative $26 million, in line with seasonal trends. This compares to cash flow from operations of negative $19 million in the second fiscal quarter of 2008.

Further details on Novell's reported results are included in the financial schedules that are a part of this release.

Financial Outlook

Novell management remains committed to long-term sustainable profitability. Novell management expects to maintain double-digit non-GAAP operating margins in the full fiscal year 2009, barring unforeseen circumstances.

Conference Call Notification and Web Access Detail

A one-hour conference call with Novell management to discuss the quarter will be broadcast at 5:00 PM ET on May 28, 2009. The conference call will be available live as a listen-only webcast from Novell's Investor Relations web page at: http://www.novell.com/company/ir/qresults. The domestic toll-free dial-in number is 866-335-5255, password "Novell." The international dial-in number is +1-706-679-2263, password "Novell."

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

A copy of this press release is posted on the Novell Investor Relations web page at: http://www.novell.com/company/ir/qresults.

Non-GAAP Financial Measures

We supplement our consolidated unaudited condensed financial statements presented in accordance with GAAP with certain non-GAAP financial measures. These non-GAAP measures include adjusted income from operations, adjusted operating margin, adjusted income from continuing operations, adjusted net income, adjusted income per share from continuing operations and adjusted net income per share. We provide non-GAAP financial measures to enhance an overall understanding of our current financial performance and prospects for the future and to enable investors to evaluate our performance in the same way that management does. Management uses these same non-GAAP financial measures to evaluate performance, allocate resources, and determine compensation. The non-GAAP financial measures do not replace the presentation of our GAAP financial results, but they eliminate expenses and gains that are excluded from most analysts' consensus estimates, that are unusual, and/or that arise outside of the ordinary course of business, such as, but not limited to, those related to stock-based compensation, acquisition-related intangible asset amortization, restructuring, asset impairments, litigation judgments and settlements, purchased in-process research and development, and the sale of business operations, long-term investments, and property, plant and equipment.

We also present a projection of our non-GAAP operating margin. This projection is a forward-looking, non-GAAP financial measure. The corresponding GAAP financial measure of operating margin is not available and cannot be provided without undue effort because we are unable to accurately forecast information regarding expenses or gains such as, but not limited to, those listed above. We believe that the corresponding GAAP financial measure is not likely to be significant to an understanding of our business because there is likely to be substantial variability between projected and actual realization of the expenses and gains described above and/or that such expenses or gains are likely to arise outside of the ordinary course of business.

Legal Notice Regarding Forward-Looking Statements

This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act, including those related to future financial and operating results, targets, and prospects; future opportunities; expansion of operating margins; progress of growth businesses; profitability; the macroeconomic environment; customer priorities; timing of realization of projections; functionality, characteristics, quality and performance capabilities of Novell's products and technology; and results achievable and benefits attainable through deployment of Novell's products and provision of services. Actual results may differ materially from the results discussed in or implied by such forward-looking statements, which are based upon information that is currently available to us and/or management's current expectations, speak only as of the date hereof, and are subject to a number of factors, including, but not limited to: difficulties, delays or unexpected costs in completing our cost reduction and sales growth strategic initiatives; our ability to attract and retain new customers through our indirect sales strategy; our reliance on an indirect sales channel for the distribution of products; our ability to renew SLES subscriptions with those customers who have received SLES certificates from Microsoft; an accelerated decline in our OES and NetWare-related revenue stream; the ability of our Open Platform Solutions, Identity and Security Management, and Systems and Resource Management business unit segments to grow at expected rates; our ability to successfully integrate acquired companies; our ability to compete in markets for infrastructure software services; our ability to meet customer demand for technical support services; our ability to maintain a strong brand; delays in the introduction of new products; increased foreign research and development operations; reliance on software licensed from third parties; our ability to attract and retain talented employees; claims that we have infringed the intellectual property rights of others; adverse results in legal disputes; our ability to protect our confidential information; impairment of goodwill or amortizable intangible assets causing a charge to earnings; exposure to increased economic and regulatory uncertainties from operating a global business; cancellations or reductions in the scope of our engagements with professional services clients; and uncertain economic conditions and reductions in IT spending.

A detailed discussion of these and other factors that could affect our results is included in our SEC filings, including, but not limited to, our Annual Report on Form 10-K for the Fiscal Year Ended October 31, 2008 filed with the SEC on December 23, 2008, which may be obtained by calling (800) 317- 3195, or at our Investor Relations web site at http://www.novell.com/company/ir.

We expressly disclaim any obligation, except as required by law, or undertaking to update or revise any forward-looking statements contained in this press release to reflect any change of expectations with regard thereto or to reflect any change in events, conditions, or circumstances on which any such forward-looking statement is based, in whole or in part.

About Novell

Novell, Inc. delivers an interoperable Linux* platform and a portfolio of integrated IT management software designed to help customers around the world reduce cost, complexity and risk. With our infrastructure software and ecosystem of partnerships, Novell harmoniously integrates mixed IT environments, allowing people and technology to work as one. For more information, visit http://www.novell.com/.

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

Novell, Inc. Consolidated Unaudited Condensed Statements of Operations (In thousands, except per share data) Fiscal Quarter Fiscal Year-to- Ended Date -------------- --------------- Apr 30, Apr 30, Apr 30, Apr 30, 2009 2008 2009 2008 ----- ----- ----- ----- Net revenue: Software licenses $30,250 $44,416 $58,517 $84,618 Maintenance and subscriptions 158,329 150,872 317,144 300,939 Services (1) 27,016 40,378 54,805 81,035 ------ ------ ------ ------ Total net revenue 215,595 235,666 430,466 466,592 ------- ------- ------- ------- Cost of revenue: Software licenses 2,380 4,028 4,906 7,127 Maintenance and subscriptions 12,345 12,007 25,244 22,948 Services 30,557 44,432 62,029 88,333 ------ ------ ------ ------ Total cost of revenue 45,282 60,467 92,179 118,408 ------ ------ ------ ------- Gross profit 170,313 175,199 338,287 348,184 ------- ------- ------- ------- Operating expenses: Sales and marketing 75,697 93,906 152,591 181,911 Product development 44,552 46,275 89,944 91,010 General and administrative 25,032 28,849 49,227 56,246 Other operating expenses (2) 7,408 4,502 15,257 8,869 ----- ----- ------ ----- Total operating expenses 152,689 173,532 307,019 338,036 Income from operations 17,624 1,667 31,268 10,148 Operating margin % 8.2% 0.7% 7.3% 2.2% Other income, net: Interest income, net 3,333 9,974 9,123 26,423 Other (3,129) 7,878 (6,555) 8,585 ------ ----- ------ ----- Total other income, net 204 17,852 2,568 35,008 --- ------ ----- ------ Income from continuing operations before taxes 17,828 19,519 33,836 45,156 Income tax expense 2,777 13,653 9,144 24,606 ----- ------ ----- ------ Income from continuing operations 15,051 5,866 24,692 20,550 Income from discontinued operations before taxes 566 - 1,602 1,285 Income tax benefit on discontinued operations - - - (836) --- --- --- ---- Income from discontinued operations 566 - 1,602 2,121 Net income $15,617 $5,866 $26,294 $22,671 ======= ====== ======= ======= Diluted earnings per share: Continuing operations $0.04 $0.02 $0.07 $0.06 Net income $0.05 $0.02 $0.08 $0.06 Weighted average shares 345,839 354,287 345,543 353,660 (1) Services includes professional services, technical support and training services. (2) See Page 8 of 11 for a detail of other operating expenses. Revisions were made to prior period amounts in order to conform to the current period's presentation. Novell, Inc. Consolidated Unaudited Condensed Balance Sheets (In thousands) Apr 30, 2009 Oct 31, 2008 ------------ ------------ Assets Current assets: Cash and cash equivalents $619,948 $680,034 Short-term investments 384,818 387,813 Restricted cash 52,961 52,701 Receivables, net 136,190 193,088 Prepaid expenses 32,363 34,365 Current deferred tax assets 4,662 5,685 Other current assets 24,423 32,006 ------ ------ Total current assets 1,255,365 1,385,692 Property, plant and equipment, net 164,852 174,978 Long-term investments 10,140 14,972 Goodwill 619,744 582,117 Intangible assets, net 54,392 53,320 Deferred income taxes 30,073 36,244 Other assets 20,892 22,026 ------ ------ Total assets $2,155,458 $2,269,349 ========== ========== Liabilities and Stockholders' Equity Current liabilities: Accounts payable $25,588 $36,982 Accrued compensation 77,619 102,317 Other accrued liabilities 88,879 108,929 Income taxes payable 3,317 22,563 Senior convertible debentures 121,668 125,668 Deferred revenue 449,275 503,174 ------- ------- Total current liabilities 766,346 899,633 Deferred income taxes 13,515 11,725 Other long-term liabilities 39,787 43,587 Long-term deferred revenue 210,140 226,876 ------- ------- Total liabilities 1,029,788 1,181,821 Stockholders' equity 1,125,670 1,087,528 --------- --------- Total liabilities and stockholders' equity $2,155,458 $2,269,349 ========== ========== Novell, Inc. Consolidated Unaudited Condensed Statements of Cash Flows (In thousands) Fiscal Quarter Ended Fiscal Year-to-Date -------------------- ------------------- Apr 30, Apr 30, Apr 30, Apr 30, 2009 2008 2009 2008 ----- ----- ----- ----- Cash flows from operating activities Net income $15,617 $5,866 $26,294 $22,671 Adjustments to reconcile net income to net cash used in operating activities: Stock-based compensation expense 5,691 7,010 13,722 17,777 Depreciation and amortization 10,452 9,847 21,473 18,847 Change in accounts receivable allowances 125 1,034 341 671 Utilization of previously reserved acquired net operating losses (1,102) 23 - 5,025 Purchased in-process research and development - 2,700 - 2,700 Gain on debenture repurchases - (405) (68) (405) Gain on discontinued operations, before taxes (566) - (1,602) (1,180) Impairment of investments 1,419 - 3,096 - Gain on sale of previously impaired long-term investments - (250) - (250) Loss (gain) on sale of subsidiaries 184 - (16) - Changes in current assets and liabilities, excluding the effect of acquisitions and dispositions (57,927) (45,232) (76,695) (113,297) ------- ------- ------- -------- Net cash used in operating activities (26,107) (19,407) (13,455) (47,441) ------- ------- ------- ------- Cash flows from investing activities Purchases of property, plant and equipment (3,070) (10,463) (6,582) (16,322) Short-term investment activity 3,877 290,922 10,420 325,440 Long-term investment activity 1,201 14,523 1,736 14,523 Cash restricted due to litigation (82) (629) (260) (52,124) Net cash proceeds (distributions) from sale of discontinued operations - 2,508 1,036 (909) Cash paid for acquisitions, net of cash acquired (5,522) (220,473) (48,472) (220,473) Other 4,389 3,148 1,374 2,227 ----- ----- ----- ----- Net cash provided by (used in) investing activities 793 79,536 (40,748) 52,362 --- ------ ------- ------ Cash flows from financing activities Issuance of common stock 169 5,922 1,152 10,252 Excess tax benefits from stock-based compensation (2,814) 14,315 (2,788) 23,995 Debt repayment (186) - (378) - Debenture repurchases - (115,589) (3,869) (115,589) --- -------- ------ -------- Net cash used in financing activities (2,831) (95,352) (5,883) (81,342) ------ ------- ------ ------- Decrease in cash and cash equivalents (28,145) (35,223) (60,086) (76,421) Cash and cash equivalents - beginning of period 648,093 1,038,621 680,034 1,079,819 ------- --------- ------- --------- Cash and cash equivalents - end of period $619,948 $1,003,398 $619,948 $1,003,398 ======== ========== ======== ========== Revisions were made to prior period amounts in order to conform to the current period's presentation. Novell, Inc. Unaudited Non-GAAP Adjusted Income From Operations (In thousands, except per share data) Fiscal Quarter Fiscal Year-to- Ended Date -------------- --------------- Apr 30, Apr 30, Apr 30, Apr 30, 2009 2008 2009 2008 ----- ----- ----- ----- GAAP income from operations $17,624 $1,667 $31,268 $10,148 ------- ------ ------- ------- Adjustments: Stock-based compensation expense: Cost of revenue 671 527 1,583 1,824 Sales and marketing 1,550 2,030 4,113 5,447 Product development 2,289 2,353 4,794 5,357 General and administrative 1,181 2,100 3,232 5,149 ----- ----- ----- ----- Sub-total 5,691 7,010 13,722 17,777 ----- ----- ------ ------ Acquisition-related intangible asset amortization: Cost of revenue 2,735 1,659 5,488 2,851 Sales and marketing 1,562 738 3,112 1,088 ----- --- ----- ----- Sub-total 4,297 2,397 8,600 3,939 ----- ----- ----- ----- Other operating expenses (income): Restructuring expenses 7,224 392 15,273 4,759 Purchased in-process research and development - 2,700 - 2,700 Acquisition integration costs - 1,410 - 1,410 Loss (gain) on sale of subsidiaries 184 - (16) - ----- --- ----- --- Sub-total 7,408 4,502 15,257 8,869 ----- ----- ------ ----- Total operating adjustments 17,396 13,909 37,579 30,585 Non-GAAP income from operations $35,020 $15,576 $68,847 $40,733 ======= ======= ======= ======= Operating margin % 16.2% 6.6% 16.0% 8.7% Novell, Inc. Unaudited Non-GAAP Adjusted Net Income (In thousands, except per share data) Fiscal Quarter Fiscal Year-to- Ended Date -------------- --------------- Apr 30, Apr 30, Apr 30, Apr 30, 2009 2008 2009 2008 ----- ----- ----- ----- GAAP net income $15,617 $5,866 $26,294 $22,671 ------- ------ ------- ------- Operating adjustments (detailed above) 17,396 13,909 37,579 30,585 Non-operating expenses (income) adjustments: Gain on debenture repurchases - (405) (68) (405) Impairment of investments 1,419 - 3,096 - Gain on sale of previously impaired long-term investments - (250) - (250) --- ---- --- ---- Sub-total 1,419 (655) 3,028 (655) ----- ---- ----- ---- Total pre-tax adjustments 18,815 13,254 40,607 29,930 Income tax adjustments (4,517) 1,948 (11,540) 796 Income from discontinued operations, net of taxes (566) - (1,602) (2,121) ---- --- ------ ------ Total net adjustments 13,732 15,202 27,465 28,605 Non-GAAP net income and non-GAAP income from continuing operations $29,349 $21,068 $53,759 $51,276 ======= ======= ======= ======= GAAP net income per share $0.05 $0.02 $0.08 $0.06 Total adjustments detailed above 0.03 0.04 0.08 0.08 ---- ---- ---- ---- Non-GAAP net income per share and non-GAAP income from continuing operations per share $0.08 $0.06 $0.16 $0.14 ===== ===== ===== ===== Non-GAAP weighted average shares 345,839 354,287 345,543 353,660 ======= ======= ======= ======= Revisions were made to prior period amounts in order to conform to the current period's presentation.

Novell, Inc.

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

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

Arbinet Names Robert Mumby Vice President of Sales, North America

NEW BRUNSWICK, N.J., May 28 /PRNewswire-FirstCall/ -- Arbinet, Inc. , today announced that it has named Robert Mumby to the position of Vice President of Sales, North America.

Mumby brings more than fifteen years of experience in the international telecommunications marketplace to Arbinet, including senior management positions at Qwest Communications, ITXC and LCI International. Mumby has a track record of success in building effective sales teams in the US and Canada, developing distribution channels and creating outsourcing solutions for the telecommunications marketplace. Prior to joining Arbinet, Mumby was Director of Carrier Relations for Telus, one of Canada's leading telecommunication companies.

Mumby is responsible for building Arbinet's international voice business with traditional and emerging carriers, prepaid companies and mobile operators across North America. He reports to Arbinet Senior Vice President of Sales & Marketing, Dan Powdermaker.

"We are very pleased to add a proven and respected executive like Robert Mumby to the Arbinet sales management team," said Shawn O'Donnell, President and CEO of Arbinet. "As carriers consider the choices they have for international voice services, and as Arbinet seeks to work in more flexible ways with its Members, Customers and Suppliers, we are privileged to have the depth and range of experience that Robert brings to Arbinet."

About Arbinet

Arbinet is a leading provider of international voice and IP solutions to carriers and service providers globally. With more than 1100 carriers across the world utilizing the Arbinet Network, Arbinet combines global scale with sophisticated platform intelligence, call routing and industry leading credit management and settlement capabilities. Customers and suppliers include many leading fixed line, mobile, wholesale and VoIP carriers as well as calling card, ISPs and content providers around the world who buy and sell voice and IP telecommunications capacity and content. The company can be reached at its corporate headquarters in New Brunswick, NJ at +1.732.509.9100 or by email at sales@arbinet.com.

Forward Looking Statement

This press release may contain forward-looking statements regarding anticipated future revenues, growth, capital expenditures, management's future expansion plans, expected product and service developments or enhancements, discussions of strategy, and future operating results. Various risks and uncertainties may cause Arbinet's actual results to differ materially. Please refer to Part I, Item 1A of the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 16, 2008, and other filings that have been filed with the Securities and Exchange Commission. Arbinet assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise and such statements are current only as of the date they are made.

Tajma Ibric 732.509.9289 tibric@arbinet.com

Arbinet, Inc.

CONTACT: Tajma Ibric of Arbinet, +1-732-509-9289, tibric@arbinet.com

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

Elephant Talk Communications Announces First Quarter 2009 Financial Results and Shareholder Update- Total Assets Increase to $20.3 Million- Net Loss Decreases 16.7%

SCHIPHOL, The Netherlands, May 28 /PRNewswire-FirstCall/ -- Elephant Talk Communications, Inc. (BULLETIN BOARD: ETAK) , an international telecom and multimedia content distributor specializing in carrier grade mobile enabling platforms, announced first quarter 2009 financial results on May 20, 2009 and is providing a shareholder update.

"Management is pleased with the results for its first quarter and the strategic direction in which the Company is headed. Over the past year we have significantly strengthened our portfolio of service offerings due to our pending acquisition of ValidSoft and its patented product services and we expanded our market footprint via agreements with telecom leaders T-Mobile in the Netherlands and Vizzavi Espana, a Vodafone Group Company," stated Steven van der Velden, Chief Executive Officer of Elephant Talk. "There were significant investments required to build the foundation of our Company. Our top notch infrastructure is now fully implemented which will allow ETAK to focus on its strategic growth plan of increasing market share and expanding our geographic footprint. Management is confidant that this plan will allow us to grow our business profitably while enhancing the Company's valuation for shareholders."

Comparison for First Quarter ended March 31, 2009 versus March 31, 2008 -- Revenue for the three months ended March 31, 2009 was $ 9,428,884 compared to $11,757,280 for the same period in 2008 but remain on the 2009 budgeted target. -- A major part of the decrease of $2.3 million was caused by the foreign currency negative translation effect of $1.5 million and a downturn in revenues from the Middle East due to delayed implementation of certain key supplier channels in India. Additionally, the Company experienced a decrease in our Premium Rate Calling Services (PRS) services, which is the Company's largest revenue generating service. -- Cost of service for the three months ended March 31, 2009 improved as a percentage of revenue to $9,147,797 compared to $11,412,511 for the same period in 2008. -- Cost of service include origination, termination, network and billing charges from telecommunications operators, out payment costs to content and information providers, network costs, data center costs, facility cost of hosting network and equipment and cost in providing resale arrangements with long distance service providers, cost of leasing transmission facilities, international gateway switches for voice, and data transmission services. -- Selling, general and administrative expenses for the three months ended March 31, 2009 was $1,463,148 compared to $1,756,999 in 2008. -- The decrease in SG&A between the first quarter of 2009 and 2008 included a positive translation effect of $137,623. The increased management & personnel expenses, caused by potential revenue to be coming on stream, were offset by the decrease in other selling, general and administrative costs. -- The Company reduced its net loss of $2.1 million by $500,000 for the first quarter 2009 versus $2.6 million for the same period 2008. The decrease in net loss was primarily due to lower SG&A expenses as described above. -- Total Assets increased to $20,273,586 from $19,456,073 compared with March 31, 2008. 2009 Business Outlook

Elephant Talk's strategic growth plan remains on target while it continues its progress as an international telecom operator and enabler to the multimedia industry, as well as, to capture added market share within the $30 + billion global bank fraud market by:

-- Subsequent to the Company's proposed acquisition of ValidSoft, leverage ValidSoft's anti-fraud patented mobile authentication, transaction verification capabilities and location based services technology to provide superior service to the emerging global fraud prevention markets. -- Recognize initial revenues from ValidSoft which is expected to become Elephant Talk's highest margin business. -- Expand relationships with T-Mobile, Vizzavi Espana, a Vodafone Group Company and other major telecom operators, mobile virtual network operators, banks, and government agencies. -- Increase primary revenues and margins from prior investment in mobile capabilities segment. -- Integrate recent acquisitions as the Company transitions from fixed line service offerings into higher margin mobile/wireless software and service business.

Mr. van der Velden, commented, "With another $2 million invested in additional mobile assets and capabilities, on top of the earlier invested $ 30 million, the Company is focused on executing its newly implemented growth strategy for the remainder of 2009. Going forward the Company plans to capitalize on its newly formed customer relationships plus ValidSoft's patented technology, while exploring additional global growth opportunities. Elephant Talk is now prepared to secure considerable market share in Europe, the Middle East and Asia in the future. These new markets will allow us to increase our market presence, while growing the bottom line. As an endorsement of our belief in the Company, insiders in have now invested approximately $40 million into the Company."

About Elephant Talk Communications

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

Forward-Looking Statements

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

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

Elephant Talk Communications, Inc.

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

Web Site: http://elephanttalk.com/

New Berlin Residents to Benefit From Verizon Wireless Network EnhancementNew Cell Site Means Clearer Reception, Fewer Dropped Calls

NEW BERLIN, Wis., May 28 /PRNewswire/ -- Verizon Wireless has activated a new cell site in New Berlin that enhances network coverage, enabling more customers in Waukesha County to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; access the Internet; view high-quality videos; and download music, games and ringtones, while enjoying clearer reception and fewer dropped calls.

This cell site enhances Verizon Wireless' voice and data network around New Berlin from U.S. Interstate 94 south to W. National Avenue, west to S. Johnson Road and east to S. Moorland Road.

"This network enhancement reflects our ongoing commitment to meet the growing needs of our customers and to provide them with the reliable, high quality service they expect from Verizon Wireless," said T.J. Fox, president-Wisconsin/Illinois Region, Verizon Wireless.

"The value we offer our customers is closely tied to our industry-leading customer retention," Fox said. "Wireless consumers today understand that value is not defined by price alone. A major reason our customers choose Verizon Wireless and stay with us is because we offer the nation's most reliable network."

The new cell site in Waukesha County is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Wisconsin and throughout the country. Verizon Wireless has invested more than $50 billion since it was formed--$5.5 billion on average every year--to increase the coverage and capacity of its premier nationwide network and to add new services. More than $277.4 million of this investment was spent in Wisconsin, including more than $55 million in 2008.

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: Carolyn A. Schamberger, APR, of Verizon Wireless,
+1-847-619-4282, carolyn.schamberger1@verizonwireless.com; or Dana Carpenter,
+1-414-291-0912, ext. 111, dana@corecreative.com, for Verizon Wireless

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

China Education Alliance Announces Engagement of RedChip Companies to Lead Public and Investor Relations

HARBIN, China, May 28 /PRNewswire-Asia-FirstCall/ -- China Education Alliance, Inc. (BULLETIN BOARD: CEUA) , a leading distributor of educational resources, offering high-quality programs and training both through online networks and an on-site training center in the People's Republic of China, announced today that it has retained RedChip Companies, Inc. to lead its public and investor relations programs.

"RedChip has an impressive track record in broadening visibility for China-based, emerging growth companies among investors. They also have one of the most comprehensive platforms of media and investor relations services developed for growing companies," said China Education Alliance's chief executive officer, Mr. Xiqun Yu. "We look forward to working with RedChip's team as they endeavor to build and strengthen relationships with our investor base," he added.

"We are very pleased with the opportunity to represent China Education Alliance," said Dave Gentry, president of RedChip. "There are an estimated 130 million students in China between the ages of 6 and 18, providing a strong market for English programs and college entrance training. They are a leader in their field and continue to report strong sales and earnings growth. We look forward to leveraging a comprehensive investor relations program and introducing them to RedChip's network of international retail and institutional investors," added Mr. Gentry.

About China Education Alliance, Inc.

China Education Alliance, Inc. is a fast growing, leading China-based company offering high-quality education resources and services to students ages 6 to 18 and adults ages 18+ (University students and professionals). For students ages 6 to 18, China Education Alliance, Inc. offers supplemental, online exam-oriented training materials and on-site exam-oriented training and tutoring services. The company is providing on-line, downloadable, famous teachers resources and on-site face-to-face instructions. All resources and tutoring services are provided by famous teachers within mainland China. The purpose of online exam-orientated resources and on-site tutoring is to help Chinese students ages 6 to 18 to pass the two most important and highly competitive exams in their educational career: senior high school entrance exam and college entrance exam. For graduates and professionals age 18+, China Education Alliance provides vocational training including IT and several professional training programs. In addition, the Company is providing comprehensive English programs that are taught by North American instructors to assist graduates and professionals in learning the English language, both written and conversational in order to better able them to work for a foreign corporation or work-study abroad. At present, five English schools are operating nationwide in China. For more information about CEUA, please visit http://www.chinaeducationalliance.com/.

Safe Harbor Statement

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

China Education Alliance

CONTACT: Ms. Susan Liu, CFO, China Education Alliance, Inc.,
+1-778-388-8513, susan@edu-chn.com, Investor Relations: Jon Cunningham,
Investor Relations, RedChip Companies, Inc., +1-800-733-2447, Ext. 107,
jon@redchip.com

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

Perot Systems to Supply Revenue Cycle Solutions to Amerinet Members NationwideAgreement to extend Perot Systems' RCS advantages of increased cash flows and cost reductions to 32,000 acute care and alternate care providers

PLANO, Texas, May 28 /PRNewswire-FirstCall/ -- Amerinet, a leading national healthcare group purchasing organization and Perot Systems Corporation (http://www.perotsystems.com/) today announced a new agreement that will make Perot Systems revenue cycle solutions available to Amerinet's acute and alternate care site members. Through this relationship, Amerinet members can utilize Perot Systems customized revenue cycle solutions that enable business process improvements, resulting in increased cash flows and cost reductions.

The agreement with Perot Systems is a new component of Amerinet's efforts to help its members enhance economic value through operational improvement. With that goal in mind, Perot Systems offers business process services, including; extended business office, on-site claims support, conversion support and revenue cycle management; all of which are proven to enhance financial performance for hospitals.

"At a time when hospitals are looking for improvements to financial performance, Perot Systems is uniquely qualified to provide revenue cycle solutions that will help our customers achieve that goal," said Randy Walter, Amerinet executive vice president of contracting, enterprise solutions, Inquisit and marketing. "Teaming up with Perot Systems for this valuable revenue cycle program greatly enhances our existing offerings and now provides our members with a comprehensive range of revenue cycle solutions for any situation or facility type."

"Perot Systems is proud to be selected by Amerinet to provide revenue cycle solutions to its members. We believe this will help them achieve their goal of assisting members in becoming as cost effective and efficient as possible," said Chuck Lyles, president of Perot Systems' healthcare group. "We look forward to working with them through our blending of talented associates, innovative technology and business process improvements that will deliver sustainable results and improved financial performance for their members."

About Amerinet Inc.

As a leading national group purchasing organization, Amerinet strategically partners with healthcare providers to reduce costs and improve quality. Through its Total Spend Management solutions and operational performance improvement programs, tools and services, Amerinet assists members in their efforts to reduce costs, improve efficiencies and create new revenue streams. Supported by a team of clinical, data and supply chain experts, Amerinet offers a comprehensive portfolio of product and service contracts to address members' specific needs. Based in St. Louis, Amerinet serves acute and alternate care site healthcare providers nationwide. To learn more, visit http://www.amerinet-gpo.com/.

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/.

This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Terry Armstrong https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=72751 PEROT SYSTEMS CORPORATION Healthcare Jonathan Moss +1 972 577 6395 jonathan.moss@ps.net

Perot Systems Corporation

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

Web Site: http://www.perotsystems.com/
http://www.amerinet-gpo.com/

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

ARRIS Offers Support to Cable Operators Applying for Broadband Stimulus Funding

SUWANEE, Ga., May 28 /PRNewswire-FirstCall/ -- ARRIS announced today a complete offering to assist cable operators in preparing their applications for Broadband Stimulus funds through the Rural Utilities Service (RUS) program. The recently-announced American Reinvestment & Recovery Act (ARRA) contains provisions that encourage cable operators to apply for grants, loans and guarantees to assist them in deploying un-served and under-served communities for broadband access.

ARRIS, a supplier of broadband access equipment with over 50 years of experience designing and deploying hardware and software solutions, offers a comprehensive portfolio that enables broadband operators to build wireline and wireless infrastructures and support broadband services that fully meet the requirements and intent of the ARRA's broadband provisions. ARRIS also offers comprehensive services to operators in preparing and submitting their applications to the Department of Agriculture for access to the RUS funding. These services include:

-- Eligibility assessment - A streamlined process, utilizing ARRIS-retained external expert resources to quickly determine an operator's probability of success to receive a grant or loan by virtue of location, broadband access in the area, and/or other criteria -- Creation of a suitable business plan and market analysis - a comprehensive review and plan are required for submission and must outline potential subscriber take rates, pricing models, market-by-market projections, and ROI analysis -- Technical and network planning - assistance with architectural design, resource requirements, equipment needs, and project implementation plans -- Technical solution delivery, logistical engineering and integration expertise -- Ongoing project management support

Upon completion of the necessary financial, technical and logistical review, the operator submits the application to USDA/RUS.

To take the next step toward expanding your business operations and determine if your proposal qualifies for Broadband Stimulus funds, please call your ARRIS sales representative or visit: http://www.arrisi.com/solutions/bbstimulus/index.asp

About ARRIS

ARRIS is a global communications technology company specializing in the design, engineering and supply of broadband services for residential and business customers around the world. The company supplies broadband operators with the tools and platforms they need to deliver reliable telephony, demand driven video, next-generation advertising and high-speed data services. Headquartered in Suwanee, Georgia, USA, ARRIS has R&D centers in Suwanee; Chicago IL; State College, PA; Beaverton, OR; Wallingford, CT; Cork, Ireland; and Shenzhen, China, and operates support and sales offices throughout the world. Information about ARRIS products and services can be found at http://www.arrisi.com/.

ARRIS

CONTACT: Alex Swan, ARRIS Media Relations, +1-678-473-8327,
alex.swan@arrisi.com

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

JBT Corporation to Present at KeyBanc Capital Markets Conference

CHICAGO, May 28 /PRNewswire-FirstCall/ -- JBT Corporation today announced that it will present at the KeyBanc 2009 Capital Markets Industrial, Automotive & Transportation Conference on Wednesday, June 3rd at the InterContinental Hotel, Boston. Representing the Company will be Charlie Cannon, Chairman and Chief Executive Officer, and Ron Mambu, Vice President and Chief Financial Officer.

A copy of the investor presentation will be available through the events and presentations section of the company's investor relations website http://ir.jbtcorporation.com/.

JBT Corporation is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,400 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit http://www.jbtcorporation.com/.

JBT Corporation

CONTACT: Investors, Cindy Shiao, +1-312-861-5931, or Media, Ken Jones,
+1-312-861-6791, both of JBT Corporation

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

Flextronics to Report First Quarter Results

SINGAPORE, May 28 /PRNewswire-FirstCall/ -- Flextronics today announced that it will hold its quarterly conference call to discuss first quarter results on Wednesday, July 29, 2009 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

The live webcast of the call can be accessed by logging on to the Company's website at http://www.flextronics.com/. A replay of the broadcast will also be available on the Company's website after the call.

Minimum requirements to listen to the broadcast are Microsoft Windows Media Player software (free download at http://www.microsoft.com/windows/windowsmedia/download/default.asp) and at least a 28.8 Kbps bandwidth connection to the Internet.

About Flextronics

Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer, industrial, infrastructure, medical and mobile OEMs. With fiscal year 2009 revenues of US$30.9 billion, Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit http://www.flextronics.com/.

Flextronics

CONTACT: Investors, Warren Ligan, or Cindy Klimstra, both of
Flextronics, 1-408-576-7722, investor_relations@flextronics.com, or Renee
Brotherton, Vice President, Corporate Communications of Flextronics,
+1-408-576-7189, renee.brotherton@flextronics.com

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

Call Canada for Less With AT&T Canada PlanPlan Features A Per-Minute Dialing Rate of Nine Cents

DALLAS, May 28 /PRNewswire-FirstCall/ -- O AT&T! Long distance wireless calls to Canada are more affordable for AT&T customers with the AT&T(R) Canada(SM) plan. AT&T* announced that it has lowered the per-minute-rate for calls placed from the United States to Canada from 19 cents to nine cents.

"Canada has consistently been one of the most frequently dialed countries for AT&T customers, so we are thrilled that we can offer subscribers of our AT&T Canada plan a reduced rate for all wireless calls placed to our northern neighbors," said Dave Albright, assistant vice president, Voice Products, AT&T Mobility and Consumer Markets.

The AT&T Canada plan is $4.99 per month and gives AT&T customers lower per-minute calling rates when calling from the United States on their mobile phones to any wireline or wireless number in Canada ($0.09 per minute), or when placing wireless calls while traveling in Canada ($0.59 per minute).

For more information about AT&T's international calling packages visit http://www.att.com/worldpackages.

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

About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2008, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE(R) magazine's lists of the World's Most Admired Companies and America's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

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

All other marks contained herein are the property of their respective owners.

Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: Kelleigh Beal of AT&T Corporate Communications,
+1-404-986-1812, ks1601@att.com

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

Saft America soumet une demande de financement pour construire l'usine du futur de batteries Li-ion

COCKEYSVILLE, Maryland, May 28 /PRNewswire/ --

- Le groupe a soumis au Ministère américain de l'Energie une demande de financement pour construire son usine du futur à Jacksonville, en Floride

- La réponse sur une éventuelle subvention de 100 millions de dollars sera annoncée en juillet

Saft, spécialiste mondial de la conception et de la production de batteries de haute technologie pour l'industrie, a déposé une demande de subvention dans le cadre de l'American Recovery and Reinvestment Act (loi américaine sur la relance et le réinvestissement) pour la construction d'une nouvelle usine de grande capacité destinée à fabriquer des éléments et à intégrer des batteries lithium-ion pour véhicules militaires, pour l'aviation, les réseaux intelligents, le secours des réseaux télécoms ainsi que pour les applications émergentes telles que le stockage des énergies renouvelables. <> devrait aider l'Administration à atteindre ses objectifs de relance de l'économie en créant environ 800 emplois au cours des trois prochaines années et devrait à la fois accélérer le marché et réduire les coûts des technologies utilisées par les énergies renouvelables aux Etats-Unis>>, a déclaré Thomas J. Alcide, Président de Saft America.

La proposition de Saft visant à construire une usine dont le coût pourrait atteindre 200 M$, qui a été récemment déposée auprès du Ministère de l'Energie Américain, prévoit l'implantation de cette usine du futur à Jacksonville, en Floride. Cette décision dépend de la réussite des négociations avec la ville de Jacksonville et l'état de Floride concernant l'utilisation de programmes actuels de subventions pour les investissements et les emplois. Utilisant les pratiques environnementales les plus exigeantes et des matériaux permettant d'en faire une unité efficace sur le plan énergétique, Saft profitera de cette opportunité pour démontrer sa technologie de stockage d'énergie associée à l'énergie renouvelable. << Nous soutenons les efforts de Saft dans son investissement potentiel de millions de dollars en capital et en salaires à Jacksonville, particulièrement en ces temps économiques difficiles, a déclaré le maire de la ville, John Peyton. La création d'emplois qualifiés dans cette communauté est la priorité numéro un de mon bureau. J'ai hâte de travailler avec le management de Saft pour les aider à apporter ces investissements à notre commune. De plus, la construction et le suivi de cette usine au Centre Commercial Cecil ajoutera un élément formidable à la liste grandissante des activités installées dans cette zone. >>

<< Nous parlons d'environ 800 emplois >>, a précisé le sénateur Bill Nelson. << Si nous obtenons cette subvention, ce serait formidable pour l'économie locale. >> << J'espère que Saft réussira dans les efforts qu'elle a déployé pour construire une usine dans la ville de Jacksonville. En tant que membre de la délégation du Congrès de Floride du Nord, je soutiendrai et aiderai l'entreprise du mieux que je pourrai dans sa volonté d'implanter une usine à Jacksonville. En cas de succès, leur implantation sera gagnante-gagnante pour l'entreprise, pour l'économie de la ville et pour la création d'emplois pour les habitants de notre ville >>, a expliqué la député Corrine Brown. << En tant que membre du Comité électoral du Rendement Energétique et de l'Energie Renouvelable, je soutiens vivement l'utilisation de nos compétences technologiques nationales pour répondre à nos besoins énergétiques. Cette proposition visant à fabriquer des éléments et des batteries lithium-ion à Jacksonville signifie de nouveaux emplois pour la communauté et un progrès dans la fourniture d'énergies propres >>, a ajouté le député Cliff Sterns.

Créer rapidement des emplois tout en améliorant la qualité environnementale constituent le coeur de la proposition de Saft. Saft apporte un savoir-faire unique associant le développement technologique, l'expertise en matière de production et d'équipements et procédés de fabrication nécessaires pour assurer le succès des technologies des énergies renouvelables. Elle offre également une capacité éprouvée pour apporter à ses clients des solutions batteries de haute qualité et à forte valeur ajoutée. Saft a fourni des batteries destinées à diverses applications aériennes, terrestres et marines telles que les avions de chasse, les avions commerciaux, les applications stationnaires, les véhicules militaires terrestres hybrides électriques, les applications sous-marines de défense et les programmes de satellites commerciaux et gouvernementaux.

À propos de Saft

Saft (Euronext : Saft) est un spécialiste mondialement reconnu de la conception et de la fabrication de batteries de haute technologie pour l'industrie. Les batteries Saft sont employées dans des applications à hautes performances, telles que les infrastructures et les processus industriels, les transports, l'espace et la défense. Saft est le premier fabricant mondial de batteries nickel-cadmium pour les applications industrielles et de batteries primaires au lithium pour une large palette de marchés finaux. Le groupe est aussi le numéro un européen des technologies avancées spécialisées pour les industries spatiales et de la défense. Saft, qui emploie près de 4 000 personnes dans le monde entier, est présent dans 18 pays. Ses 15 sites de production et son vaste réseau commercial permettent au Groupe de servir ses clients dans le monde entier. Saft figure au sein de l'indice SBF 120 de la Bourse de Paris. Pour plus d'informations, rendez-vous sur http://www.saftbatteries.com

Contacts presse :

Jill Ledger, Directrice de la Communication institutionnelle et des Relations Investisseurs, Tél. : +33-1-49-93-17-77 - email : jill.ledger@saftbatteries.com

Yannick Duvergé, Financial Dynamics France Tél. : +33-1-47-03-68-10 - email : yannick.duverge@fd.com

Saft

Contacts presse : Jill Ledger, Directrice de la Communication institutionnelle et des Relations Investisseurs, Tél. : +33-1-49-93-17-77 - email : jill.ledger@saftbatteries.com; Yannick Duvergé, Financial Dynamics France, Tél. : +33-1-47-03-68-10 - email : yannick.duverge@fd.com

Saft America Requests Funding to Build Li-ion Battery Factory of the Future

COCKEYSVILLE, Maryland, May 28 /PRNewswire-FirstCall/ -- - Proposal Submitted to Department of Energy to Receive Funding for the Factory of the Future in Jacksonville, FL $100 Million Grant Potential to be Announced in July

Saft, a world leader in the design and manufacture of high-technology batteries, is applying for funding under the American Recovery and Reinvestment Act to build a new high-volume manufacturing plant which will produce lithium-ion cells and integrate batteries for military vehicles, aviation, smart grid support, broadband backup power and emerging applications such as energy storage for renewable energy. "This "Factory of the Future" will help the Administration reach its goals to stimulate the economy by creating an estimated 800 new jobs within three years and will accelerate the market for and reduce the costs of renewable energy technologies in the US" declared Thomas J. Alcide, CEO of Saft America.

Saft's proposal for a factory costing up to $200m which was recently submitted to the Department of Energy, calls for building its Factory of the Future in Jacksonville, FL. This decision would be contingent upon successful negotiations with the City of Jacksonville and the State of Florida regarding the utilization of available incentive programs related to capital investment and job creation. Using environmentally conscientious practices and materials to make it an energy efficient facility, Saft will take this opportunity to demonstrate its energy storage technology associated with renewable energy. "We are very supportive of Saft's efforts to potentially invest millions of dollars in both capital and salaries in Jacksonville, particularly during this difficult economic time," said Mayor John Peyton. "Creating additional, high-wage jobs in this community is a top priority of my office and I look forward to working with Saft officials to help bring these investments to our community. In addition, the construction and operation of this facility at Cecil Commerce Center would be another great addition to the growing list of business activities in that area."

"You're talking about 800 jobs" said Senator Bill Nelson, "If we can get this approved it would be huge for the local economy." "I am extremely hopeful that Saft will be successful in its effort to build a plant in the City of Jacksonville. As a Member of the North Florida congressional delegation, I will support and assist the company in any way I can to assist their endeavor in opening a manufacturing plant in Jacksonville. If successful, their relocation will be a win-win for the company, for the city's economy, and for job creation for our area residents," said Representative Corrine Brown. " As a member of the Energy Efficiency and Renewable Energy Caucus, I strongly support applying our nation's technological skills to addressing our energy needs. This proposal to build lithium-ion cells and batteries in Jacksonville means jobs for the community and progress in providing clean energy." said Representative Cliff Sterns.

Creating new jobs quickly, while enabling environmental improvement are at the cornerstone of Saft's proposal. Saft brings a unique integration of technology development, manufacturing expertise, equipment and processes needed to drive the success of renewable energy technologies, with proven capability to deliver high quality, high value battery solutions to its end users. Saft has provided batteries for diverse air, land and sea applications such as fighter aircraft, commercial aircraft, stationary applications, military hybrid electric ground vehicles, underwater defense applications and commercial and government satellite programs.

About Saft

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

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

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

Glen Bowling, Saft Specialty Battery Group, Vice President of Sales Tel: +1-410-5686421, e-mail: Glen.Bowling@saftbatteries.com

U.S. Press contact: Paige Parker, French/West/Vaughan, Tel.: +1-919-277-1162, e-mail: pparker@fwv-us.com

Saft

CONTACT: Press Contacts: Jill Ledger, Saft Corporate Communications and
Institutional Relations Director, Tel.: +33-1-49-93-17-77, e-mail:
jill.ledger@saftbatteries.com; Glen Bowling, Saft Specialty Battery Group,
Vice President of Sales Tel: +1-410-5686421, e-mail:
Glen.Bowling@saftbatteries.com; U.S. Press contact: Paige Parker,
French/West/Vaughan, Tel.: +1-919-277-1162, e-mail: pparker@fwv-us.com

NI Technology Research Updates Outlooks for Cree, Corning, Microvision, and Intel

PRINCETON, N.J., May 28 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), an online investment newsletter focused on semiconductor and technology stocks, announced it has updated outlooks for Cree , Microvision , Corning , and Intel .

Green technology is clearly the rage today and Cree is at the epicenter of the green lighting world. In a special report published in April, Editor Paul McWilliams outlined in detail exactly what would drive Cree's revenue and earnings well above the estimates offered by analysts covering the company. Next Inning members have full access to this special report as well as further reports that are scheduled for publication in June. These include his monthly semiconductor report, his special series "Undervalued Tech Stocks for 2009," and his State of Tech series that is designed to help readers prepare for the July earnings season.

The short story here is Next Inning readers are not only making money this year, but beating the market by a substantial percentage. Year-to-date, the Next Inning model portfolio is up 17% as compared to the S&P 500, which is down -1%. Since its inception, the Next Inning portfolio is up 155% as compared to the S&P 500's flat performance. To gain immediate access to this report and McWilliams' regular updates, please accept our invitation to take a free 21-day no risk test drive with Next Inning by visiting the following link:

https://www.nextinning.com/subscribe/index.php?refer=prn823 McWilliams covers these topics and more in his most recent report:

-- When the consensus for Cree FY 2009 earnings was sitting at $0.41 in January, McWilliams advised readers it was "at least 50% too low." When it was at $0.60 in April, he stated it was still too low. Now that it looks like Cree will report about $0.65 this fiscal year, he has turned his attention towards fiscal 2010 where the consensus currently sits at only $0.69. In his tech market update published today, what does he say Cree will do next year?

-- Why is a giant company like Corning talking about work it is doing with a tiny company like Microvision?

-- McWilliams alerted readers last November to buy Corning when the price dipped below $8. He stated then that Corning's primary markets were simply digesting inventory and demand would return more quickly than Wall Street was thinking. Now that we know this is the case, what does he see for the company in the future? What new markets are Corning poised to address starting in 2010?

-- McWilliams was highly critical of the March Morningstar report that stated the netbook phenomena was bad news for Intel. In a special report, he refuted in detail the Morningstar opinion. What has Intel said recently that supports McWilliams' position and what does he think Wall Street is still not fully grasping?

Founded in September 2002, Next Inning's model portfolio has returned 155% since its inception versus 0% for the S&P 500.

About Next Inning:

Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 25+-year semiconductor industry veteran.

NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515

Indie Research Advisors, LLC

CONTACT: Marcia Martin of Next Inning Technology Research,
+1-888-278-5515

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

Beijing International Studies University Adopts SoftBrands Hospitality Solution as Core Curriculum

BEIJING, May 28 /PRNewswire-FirstCall/ -- SoftBrands Inc. (NYSE Amex: SBN), a global supplier of enterprise application software, announced that it has provided Epitome Property Management System (PMS) to Beijing International Studies University (BISU) School of Tourism Management. The SoftBrands hospitality solution will complement the school's current curriculum. SoftBrands has also established a strategic partnership relationship with BISU, creating a SoftBrands Scholarship Fund and a SoftBrands Teaching & Research Fund. The new BISU funds will enhance the level of information technology application in hotel management teaching in China.

Epitome PMS is a true Internet-native application that provide hoteliers with a flexible, cost-effective technology platform that drives positive results. It is the answer to the growing demand for centralized deployment among global hospitality organizations. Epitome PMS is a powerful tool for the management of a single property to multi- property hospitality enterprises.

"Epitome PMS will be used to broaden BISU's students exposure to the state-of-art technology currently used by the hotel industry globally," said Professor Gu Hui Min of BISU, School of Tourism Management. "Having access to the latest technology enables students to gain a better understanding of the theory and concepts in the classroom, thereby, preparing them to enter the hospitality industry as highly productive hospitality professionals."

"SoftBrands is committed to support higher education in the field of hospitality globally. We are pleased to be able to contribute to BISU's continued efforts to educate its students on the effective use of technology to manage business operations, thereby, improving business revenues," said Chris Gribble, vice president and general manager, SoftBrands Hospitality, Asia Pacific. "The agreement also enables SoftBrands employees to provide training opportunities for senior hotel professionals in China on the effective use of Epitome PMS with certificates awarded by SoftBrands upon graduation."

SoftBrands hospitality solutions include: Property Management, Central Reservation Management, Customer Relationship Management, Business Intelligence, Club Management, Spa Management and Point-of-Sales system. The suite of solutions is designed specifically to enable hoteliers to centralize multi-property operations, improve guest loyalty, increase profitability and improve revenue management.

About SoftBrands Hospitality

SoftBrands Hospitality (http://www.softbrands.com/hospitality) provides central reservation, property management and business intelligence software that can be centrally managed to support many properties within a hotel chain, as well as easy-to-use solutions that can be installed on-site at an independent hotel. SoftBrands is committed to the hospitality industry, and is an active member of OTA, HTNG, HSMAI, HFTP, HEDNA, AH&LA and PHMA.

About SoftBrands

SoftBrands, Inc. is a leader in providing software solutions for the businesses in the manufacturing and hospitality industries worldwide. The company has established a global infrastructure for distribution, development and support of enterprise software, and has approximately 5,000 customers in more than 100 countries actively using its manufacturing and hospitality products. SoftBrands, which has approximately 740 employees, is headquartered in Minneapolis with branch offices in Europe, India, Asia, Australia and Africa. Additional information can be found at http://softbrands.com/.

Media Contact: Phyllis Yeo Marketing Manager SoftBrands +(65)6235 1211 phyllis.yeo@softbrands.com

SoftBrands Inc.

CONTACT: Phyllis Yeo, Marketing Manager of SoftBrands, +(65)6235 1211,
phyllis.yeo@softbrands.com

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

Network-1 Announces Settlement of Patent Litigation with NETGEARNETGEAR Agrees to License Network-1's Remote Power Patent for Its Power over Ethernet Products through 2020

NEW YORK, May 28 /PRNewswire-FirstCall/ -- Network-1 Security Solutions, Inc. (BULLETIN BOARD: NSSI) announced today that it agreed to settle its patent litigation against NETGEAR, Inc. pending in the United States District Court for the Eastern District of Texas, Tyler Division, for infringement of Network-1's Remote Power Patent (U.S. Patent No. 6,218,930).

As part of the settlement, NETGEAR, a worldwide provider of technologically innovative, branded networking solutions, entered into a settlement agreement and non-exclusive license for the Remote Power Patent. Under the terms of the license, NETGEAR will license the Remote Power Patent for its full term which expires in March 2020, and pay quarterly royalties (beginning as of April 1, 2009) based on its sales of Power over Ethernet ("PoE") products, including those PoE products which comply with the Institute of Electrical and Electronic Engineers ("IEEE") 802.3af and 802.3at Standards.

Licensed products include NETGEAR's PoE enabled switches and wireless access points. The royalty rates included in the license are 1.7% of the sales price of Power Sourcing Equipment, which includes Ethernet switches, and 2% of the sales price of Powered Devices, which includes wireless access points. The royalty rates are subject to adjustment, under certain circumstances, if Network-1 grants a license to other licensees with lower royalty rates and NETGEAR is able to and agrees to assume all material terms and conditions of the other license. In addition, NETGEAR agreed to an upfront initial payment to Network-1 of $350,000.

As part of the settlement agreement, all claims and counterclaims involving NETGEAR in the litigation currently pending in the Eastern District of Texas will be dismissed with prejudice.

"We are very pleased that NETGEAR agreed to take advantage of the terms of our Special Licensing Program and become a licensee of our Remote Power Patent," commented Corey M. Horowitz, Chairman and Chief Executive Officer of Network-1. "This outcome is consistent with Network-1's goal of making licenses available to the technologies covered by the Remote Power Patent to the Power over Ethernet industry in a manner that promotes the widespread adoption of this important industry standard."

Announced in August 2008, the Special Licensing Program terms were made available to the defendants in the Texas litigation, which is still currently pending, against Cisco Systems, Inc., Cisco-Linksys, LLC, Enterasys Networks, Inc., 3Com Corporation, Inc., Extreme Networks, Inc., Foundry Networks, Inc. and Adtran, Inc. In addition to NETGEAR, other companies that signed licenses under the Special Licensing Program are Microsemi Corporation, Buffalo Technology, BRG Resources, and SEH Corporation.

The Remote Power Patent relates to, among other things, delivering power over Ethernet cables to remotely power network connected devices including, among others, wireless switches, wireless access points, RFID card readers, VoIP telephones and network cameras. In June 2003, the IEEE approved the 802.3af PoE Standard which led to the rapid adoption of PoE. The IEEE is currently working on the 802.3at Power over Ethernet Plus (PoE Plus) Standard which will increase the maximum power delivered to network devices to 40-60 watts from the current 15 watts under the 802.3af Standard.

ABOUT NETWORK-1 SECURITY SOLUTIONS, INC.

Network-1 Security Solutions, Inc. is engaged in the acquisition, development, licensing and protection of its intellectual property and proprietary technologies. It currently owns six patents covering various telecommunications and data networking technologies and is currently focusing its licensing efforts on its Remote Power Patent (U.S. Patent No. 6,218,930) covering the remote delivery of power over Ethernet networks. The Remote Power Patent was granted by the U.S. Office of Patents and Trademarks on April 17, 2001 and expires on March 7, 2020.

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning the Company's business plans. Such statements are subject to a number of risk factors and uncertainties as disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 including, among others, the ability of Network-1 to obtain license agreements from third parties for its patent portfolio, uncertainty of patent litigation, the Company's ability to achieve revenues and profits from its patent portfolio, the Company's ability to raise capital when needed, future economic conditions and technology changes and legislative, regulatory and competitive developments. Except as otherwise required to be disclosed in periodic reports, the Company expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein.

Contacts: Network-1 Security Solutions, Inc. Corey M. Horowitz, 212-829-5770

Network-1 Security Solutions, Inc.

CONTACT: Corey M. Horowitz of Network-1 Security Solutions, Inc.,
+1-212-829-5770

Web Site: http://www.network-1.com/

ATA to Host Investor Day on June 9, 2009

BEIJING, China, May 28 /PRNewswire-Asia/ -- ATA Inc. ("ATA", or the "Company"), the leading provider of computer-based testing services in China, announced today that it will host will host an investor day for the professional investment community on Tuesday, June 9, 2009, at its Headquarters on the 8th Floor, Building E No. 6, Jian Guo Men Nei Gong Yuan Xi Jie, Beijing, 100005.

The day's schedule will commence with opening remarks at 9:30 a.m., and is expected to conclude at approximately 4:00 p.m.

Presenters at this conference will include Kevin Xiaofeng Ma, CEO, Walter Lin Wang, President and Carl Yeung, Chief Financial Officer, and other members of the executive management team.

Seats for this event are limited and by invitation only. To request a reservation, please contact Erin Cox at (310) 954-1355 and erin.cox@ccgir.com.

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 1,918 authorized test centers located throughout China as of December 31, 2008, 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 27 million tests including 17.8 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/

CONTACT: ATA Inc. CCG Investor Relations Carl Yeung, CFO Crocker Coulson, President Phone: +(86) 10 65181122-5107 Phone: +(1) 646-213-1915 Email: ir@ata.net.cn Ed Job, CFA URL: http://www.ata.net.cn/ Phone: +(1) 646-213-1914 Email: ed.job@ccgir.com URL: http://www.ccgirasia.com/

ATA Inc.

CONTACT: Carl Yeung, CFO of ATA Inc., +(86) 10 65181122-5107,
ir@ata.net.cn; or Crocker Coulson, President, +(1) 646-213-1915, or Ed Job,
CFA, +(1) 646-213-1914, ed.job@ccgir.com, both of CCG Investor Relations

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

Everybody's Phone Company Joins Information Portal StockProfile.com

HOUSTON, May 28 /PRNewswire/ -- EVERYBODY'S PHONE COMPANY (Pink Sheets: EVPH) today announced that it has joined http://www.stockprofile.com/, a customized web-based platform showcasing emerging growth stocks.

StockProfile.com provides the investing public with a free unique information portal for investors who like to conduct their own research and make their own investment decisions. The platform allows users to review and investigate dynamic publicly traded companies in a user-friendly environment.

If you are interested in viewing Everybody's Phone Company profile, please visit http://www.stockprofile.com/.

About Everybody's Phone Company

Steven H. Bethke, President of Everybody's Phone Company states Everybody's Phone Company offers local telephone service on a prepaid basis. Specifically, local services include a "bare bones" product providing unlimited local dial tone and 911 emergency access with the option of several custom calling features, for an additional fee, including Call Waiting, Caller ID, Call Forwarding and Speed Dialing. These features may be purchased individually or in a package at reduced rates.

Safe Harbor Statement

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. This press release includes "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. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.

Contact: Steven Bethke President & CEO Everybody's Phone Company Tel: (713) 268-1610 http://www.everybodysphonecompany.com/

Everybody's Phone Company

CONTACT: Steven Bethke, President & CEO of Everybody's Phone Company,
+1-713-268-1610

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

Lorien Hotel & Spa Selects SuiteLinq's(TM) Property-Wide Digital Solution

EXTON, Pa., May 28 /PRNewswire/ -- Lorien Hotel & Spa, Kimpton Hotels & Restaurants' newest hotel, owned and developed by the DSF Group, is now welcoming new guests with innovative entertainment and connectivity services from SuiteLinq, Inc. Located in the heart of Alexandria, Virginia's, historic Old Town, Lorien Hotel & Spa features impeccable design throughout, creating an environment that is reflective of the past and grounded in modern sensibilities. SuiteLinq, located in Exton, Pennsylvania, is a provider of multimedia interactive, broadband, and on-demand solutions for hospitality and extended-stay environments.

Guests at the Lorien can enjoy video entertainment via SuiteCast(TM) and SuiteVOD(TM) on the 42" flat screen televisions in their room. These services provide free TV channels and a variety of premium Video-On-Demand content delivered in standard and high definition formats.

Each room is also equipped with the SuiteLinq(TM) desktop service - a customized thin-client computer running a branded interactive portal, free of charge. This easy-to-use web-based service provides a modern means for guests to engage with the hotel, the adjacent restaurant, BRABO by Robert Wiedmaier, the Lorien Spa, and other on-site amenities. Guests using SuiteLinq have access to local guides, on-demand entertainment, Microsoft Office(R) software, and an array of embedded Microsoft services, including Live Search. The SuiteLinq desktop makes life easier on the road for the business traveler who needs to stay connected.

Throughout the property, guests and visitors using their laptop can go online at no charge using SuiteLinq's wireless broadband network, provided by Superclick, Inc. Users of this service can also access a version of the SuiteLinq interactive portal as well.

According to Kris Singleton, Vice President Technology and Chief Information Officer for Kimpton, the need for integrated digital service providers in the hospitality sector is growing in concert with economic pressures. "In a challenging economy like this one, our guests are looking for maximum value for their dollar. Increasingly, that value creation involves the digital amenities that SuiteLinq provides." Singleton states, "At all Kimpton Hotels & Restaurants' properties, there is a complete focus on creating a memorable guest stay. SuiteLinq's services are the perfect complement to the environment we strive to create. Their innovative solution makes sense for our guests and ultimately for our bottom line."

Superclick Inc.'s CEO, Sandro Natale, adds that, "Being a part of this integrated digital ecosystem enables all of us to bring a new level of value to hotel guests -- one that has a demonstrated revenue benefit to our hotel customers."

SuiteLinq's President, Craig Ziegler, states that, "Lorien Hotel & Spa is the latest of several Kimpton properties slated to deploy our comprehensive hospitality ecosystem. They are fully embracing the in-room, on-site marketing potential of the service, which obviously is key to proving ROI. This property is part of a larger joint initiative with Microsoft and other partners to deliver truly integrated digital solutions to the industry with maximum cost efficiency. The idea is to use these varied digital platforms to elevate the guest experience to unheard of levels while benefiting the hotel's bottom line."

For more information about SuiteLinq, contact Darrin Davis, Vice President of Sales, at 703-953-2624, or via email at ddavis@suitelinq.com

About SuiteLinq

SuiteLinq, Inc. serves the needs of the hospitality and extended stay industries by providing integrated, on-demand entertainment and business productivity solutions that deliver The Ultimate In-Room Experience for guests and new revenue streams for property owners. SuiteLinq's core service offering is eRoomsuite(TM), comprised of turn-key components that can be installed individually or as a package:

SuiteLinq(TM) - A customized portal running on an in-room computer with high-speed Internet offering a variety of interactive guest services, free content, and pay-per-access features and entertainment

SuiteCast(TM) - Free-to-guest broadcast and cable TV channels

SuiteVOD(TM) - Hollywood movies, informational programs, and a variety of pay-per-view Video-On-Demand content delivered in standard and high-definition formats

SuiteLinq is part of a group of industry innovators including Microsoft and EDS, an HP company, that deliver a comprehensive "ecosystem" of integrated technologies and digital services to the hospitality vertical. Corporate headquarters are located in Exton, PA, with sales offices in Denver, CO, and Baltimore, MD. For more information, visit: www.suitelinq.com.

About Superclick, Inc.

Superclick, Inc. (BULLETIN BOARD: SPCK) , through its wholly owned, Montreal-based subsidiary Superclick Networks, Inc., develops, manufactures, markets and supports the Superclick Internet Management System (SIMS(TM)), Monitoring and Management Application (MAMA(TM)) and Media Distribution System (MDS(TM)) in worldwide hospitality, conference center and event, multi-tenant unit (MTU) and university markets. Current clients include MTU residences and Candlewood Suites(R), Crowne Plaza(R), Fairmont Hotels and Resorts(R), Four Seasons Hotels and Resorts(R), Four Points by Sheraton(R), InterContinental Hotels Group PLC(R), Hilton(R), Holiday Inn(R), Holiday Inn Express(R), Hampton Inn(R), Mandarin Oriental Hotel Group (R) Marriott(R), Novotel(R), Radisson(R), Sheraton(R), Westin(R) and Wyndham(R) hotels in Canada, the Caribbean and the United States.

About DSF

The award winning DSF Group is a private real estate company making value added investments in multifamily and commercial properties, primarily in the high growth Northeast Corridor, between Washington D.C. and Boston. With over $1.5 billion invested in 4 million square feet since 2000, The DSF Group has quietly become one of the most successful private real estate investment firms in the country. For more information, please visit http://www.thedsfgroup.com/.

About KIMPTON

San Francisco-based Kimpton Hotels & Restaurants, a collection of boutique hotels and chef-driven restaurants in the US and Canada, is an acknowledged industry pioneer and was the first to bring the boutique hotel concept to America. Founded in 1981 by Bill Kimpton, the company is well-known for making travelers feel welcomed and comfortable while away from home through intuitive and unscripted customer care, stylish ambience and having a certain playfulness in its approach to programs and amenities. Each hotel provides a range of exciting culinary experiences through affiliated, top-rated, destination chef-driven restaurants. Kimpton leads the hospitality industry in ecological practices through its innovative EarthCare programs that span all hotels and restaurants. Privately held Kimpton has consistently earned the highest ranking customer satisfaction scores by the Market Metrix Hospitality Index, exceeding all other hotel companies including those in luxury and upscale segments. Among the company's newest properties are Lorien Hotel & Spa and restaurants BRABO by Robert Wiedmaier and BRABO Tasting Room in Alexandria, VA, which opened in February 2009. Currently, projects are underway in New York City, Philadelphia, Atlanta, Baltimore and Chicago. For more information, please visit http://www.kimptonhotels.com/ or call 1-800-KIMPTON.

SuiteLinq, Inc.

CONTACT: Darrin Davis, Vice President of Sales of SuiteLinq, Inc.,
+1-703-953-2624, ddavis@suitelinq.com

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

San Diego Teacher Helps To Solve Rwandan Education DilemmaTeachers With Limited English Learn to Teach in English With McGraw-Hill Education's Direct Instruction

SAN DIEGO, May 28 /PRNewswire/ -- Now that Rwanda has adopted English as its official language for teaching, it has a problem. Nearly all Rwandan teachers speak limited English. So what can they do? A 68-year-old San Diego teacher has found the answer: SRA/McGraw-Hill's Direct Instruction curricula. And she's traveled to Rwanda to share it with government officials and teachers.

Angelica Fazio, who teaches at Julian Charter School, has returned from a trip to Rwanda in which she helped teachers in Rwandan orphanage schools learn to use Direct Instruction curricula in English.

Mrs. Fazio said, "I first got involved in the orphan schools through my son's Uganda Ministry. I had taken my soon-to-be four-year-old granddaughter to visit the director of established orphanages in Uganda, Rwanda, and India. My granddaughter was reading with Reading Mastery, a Direct Instruction program, and the director was so amazed that she asked me to go to her orphanages and train the teachers to use the method we had used to teach my granddaughter to read."

Not only has she conducted professional development for teachers, she has also presented the idea to top education officials in the Rwandan government, who liked it. Because of its scripted nature, Direct Instruction can bridge the gap for teachers who are just learning English themselves.

The most widely spoken languages in Rwanda are currently Kinyarwanda (a native dialect), French and English. An estimated 97 percent of Rwandan teachers have limited or no English language experience, yet Rwanda adopted English as the official language for instruction in October 2008.

Mrs. Fazio contacted publisher SRA/McGraw-Hill, which provided several sets of its Direct Instruction reading intervention materials to the schools she visited in Rwanda and Uganda for use in providing professional development to teachers in the orphanage schools.

Mrs. Fazio, who has been teaching for two decades, taught her own children to read using Direct Instruction when they were preschoolers. She will return to Africa in December 2009.

To follow Angelica's experience and see photographs of her trip, visit SRADirectInstruction.com/blog. About Direct Instruction

Direct Instruction is a structured teaching method based on 40 years of research. Now it is used in classrooms of all types throughout the world, with students ranging from those with learning difficulties to very bright students. Direct Instruction's programs are based on two beliefs: All children can learn regardless of their learning histories, and all teachers can be successful when given effective materials and presentation techniques. These programs have been proven to work even when other programs fail. They provide a well-structured learning process that helps students learn "how to learn" while building specific skills in reading, math, spelling, and language arts. Today, more than 1 million students in a third of the country's schools use a Direct Instruction program.

About SRA/McGraw-Hill

SRA/McGraw-Hill is the top provider of specialized research-based educational programs and professional development for the elementary market. Leading programs include SRA Imagine It! reading program, Direct Instruction, SRA Number Worlds, and additional core and supplemental programs. SRA is part of McGraw-Hill Education, a division of The McGraw-Hill Companies . McGraw-Hill Education is a leading global provider of instructional, assessment, and reference solutions that empower professionals and students of all ages. McGraw-Hill Education has offices in 33 countries and publishes in more than 65 languages. Additional information is available at MHEducation.com. For more information on SRA/McGraw-Hill's products, call 1-888-SRA-4543 and visit SRAonline.com.

Media Contacts: Mark Merz Melina Metzger SRA/McGraw-Hill Paul Werth Associates (614) 750-7339 (614) 224-8114 Ext. 236 mark_merz@mcgraw-hill.com mmetzger@paulwerth.com

SRA/McGraw-Hill

CONTACT: Mark Merz of SRA/McGraw-Hill, +1-614-750-7339,
mark_merz@mcgraw-hill.com; or Melina Metzger of Paul Werth Associates,
+1-614-224-8114, Ext. 236, mmetzger@paulwerth.com

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

Worldwide Exclusivity: France Télévisions in Partnership With Microsoft, Inlet Technologies and Level 3 Communications Broadcasts Live on the Web Roland Garros in High Definition Quality

PARIS and LES ULIS, France, May 28 /PRNewswire/ --

- The French International tennis tournament, held at Roland Garros from 24 May to 7 June 2009, will be the scene of the first ever application of Microsoft's IIS7 Live Smooth Streaming technology (beta version), encoded on Inlet Technologies' Spinnaker(TM) 7000 live streaming platform and distributed on Level 3 Communications' Content Delivery Network (CDN), for high-quality, streamed live broadcasts on the Web.

Broadcast host of Roland Garros tournament, France Télévisions in partnership with Microsoft, Inlet Technologies and Level 3 Communications, offers in exclusivity on france2.fr, france3.fr and france4.fr free live Web broadcasting in HD quality (720p) of the Roland Garros tennis tournament shown on the France 2, France 3 and France 4 TV channels.

For the fifth year, France Télévisions is broadcasting games from Roland Garros on the Internet using Microsoft's Windows Media Player. This year marks the first time the video streams of seven simultaneous games will be available in Silverlight technologies free of charge.

For the 2009 edition of Roland Garros, France Télévisions is setting a worldwide precedent by offering the high-definition streams broadcast on TV to Web users on the France Télévisions Web sites with high definition quality, thanks to the IIS7 Live Smooth Streaming and Silverlight technologies. Smooth Streaming is a media delivery method that improves the quality of distribution and is designed to avoid any breaks in the streaming flow by varying the quality in real-time according to factors such as the available bandwidth or the usage rate of the CPU on the client computer.

A genuine digital video player

Thanks to Inlet Technologies' live streaming Spinnaker(TM) 7000 encoders and its Armada(TM) on-demand video management system, which supports Smooth Streaming, Web users will be able to enjoy the live HD streams and benefit from DVR capabilities (pause, rewind a few hours back, etc.), with no stuttering, buffering or other interruptions to their viewing experience. The format HD 720p corresponds to 720 lines displayed progressively 25 times per second, for a resulting resolution of 1280x720 pixels.

Unmatched ease of access

Smooth Streaming uses the standard downloading of HTTP files for easy connection to video streams, even through firewalls, as if they were just another Web page. Video streams can also be cached in existing servers on Level 3's global Content Delivery Network to allow a massive diffusion of the service on the Internet. This is all monitored from the Level 3 Broadcast Operations Centre. Thanks to the successful technological collaboration between Level 3, Inlet Technologies and Microsoft this live streaming broadcast has been made possible.

The Silverlight application developed to read the flows is capable of dynamically detecting that CDN Level 3 flows are available and can switch between them without any breaks. Silverlight can also modulate the quality of the flow according to the condition of the client computer. This means Web users who have broadband connections can enjoy 720p HD images, while users with low-rate connections or less powerful computers receive a flow that is better suited to the quality of their connection.

Experienced event management ensures smooth running

By setting up the delivery environment and through ongoing monitoring of the broadcast video signals, encoders, and Internet delivery, France Televisions and Level 3 are able to proactively respond to any issues that arise. This ensures that the online experience is maintained as close to the broadcast experience as possible.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090528/LA23645)

"Two years ago, France Télévisions was the first French TV channel to broadcast a sporting event in high-definition on DTT with the 'Tour de France 2007'. France Télévisions is now very pleased to stream on the Web the live TV broadcast of Roland Garros in high-definition quality for the first time in the history of the French International tennis tournament," said Laurent Souloumiac, director of France Télévisions Interactive. "Thanks to its HD broadcasts of Roland Garros shown on the Web sites france2.fr, france3.fr and france4.fr, France Télévisions is again innovating and setting a new quality viewing experience for major sporting events."

Thomas Serval, director of the Microsoft France Platforms and Ecosystems Division, stated, "We are delighted to have another opportunity to work with France Télévisions Interactive and to offer this unique multimedia experience to French Web users. During the 2008 Olympic Games, they already set the standard by offering, with Silverlight, Web access to 15 video channels that were broadcast simultaneously from Beijing, with advanced functions, such as Picture in Picture that displayed two video flows at the same time. Today, the france2.fr Web site dedicated to Roland Garros is again innovating and setting new standards with its HD quality Web streaming that is made possible by Silverlight and IIS7 Live Smooth Streaming technologies."

"We continue to develop our range of online video distribution solutions to make sure we deliver the quality and scale that our customers demand, and it is important that we offer our customers a broad range of media player solutions. Microsoft's development of Smooth Streaming is another great addition to the industry and supports the growth of the high-definition online video experience," said Rob Houghton, vice president, European Content Services at Level 3 Communications. "With a long standing reputation for being a leader and early adopter of new technology, Level 3 is delighted to support this important event and technical demonstration."

"We're honored to be an integral part of the very first live Smooth Streaming event, which certainly marks a significant technological milestone in the streaming media industry," said Neal Page, Inlet Technologies' CEO. "This is a great example of how Inlet Technologies, in cooperation with strategic partners like Level 3 and Microsoft, can deliver the best possible quality viewing experience to sports fans around the globe."

About Silverlight 2

Silverlight is a multi-browser and multi-platform software plug-in that provides web users with rich and new multimedia experiences. Silverlight 2 features a range of new functions and tools made for better collaboration between designers and developers and allows them to offer a new, more interactive, more secure and more visually comfortable experience to users. Microsoft also supports the Open Source communities by funding a software plug-in for Silverlight in the Eclipse development environment. Microsoft will also provide developers with new controls in the Silverlight Control Pack (SCP), which is part of the Microsoft Permissive License (Ms-PL).

Silverlight 2.0 is free of charge, measures 4.68 MB, installs in 10 seconds and runs on PCs and MACs with Windows Internet Explorer 8, Internet Explorer 6, Firefox 1.5, 2, 3, Safari and on Linux, FreeBSD and Solaris platforms in the Open Source version, called Moonlight.

To check whether you can install Silverlight on your computer, go to: http://www.microsoft.com/silverlight/resources/install.aspx#sysreq

For other examples of applications of Silverlight, go to: http://silverlight.net/Showcase/

About France Télévisions Interactive

France Télévisions Interactive (FTVI) leads all activities on the Internet of France Télévisions, the French public TV broadcaster. FTVI develops its websites, teletext and interactive TV applications. FTVI also delivers mobile Internet services and manages various TV projects via IPTV and to mobile. FTVI is also the editor of its VOD / TVOD services.

About Inlet Technologies

Inlet Technologies is the leading provider of advanced encoding solutions, enabling new media for new networks. Inlet's solutions produce the highest quality video, faster and more efficiently than any other, allowing content creators, programmers and distributors to increase efficiency, reduce costs and deliver superior quality video over any IP network. Inlet solutions are ideal for applications such as real-time professional streaming, Blu-ray encoding, Video-on-Demand, Web-based video, digital archiving and dailies. Inlet customers, such as MLB.com, Modern Video and Microsoft, are able to expand their audiences and create new revenue from their valuable content. For more information, visit www.inlethd.com.

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.

About Microsoft:

Founded in 1975, Microsoft (listed on the NASDAQ, MSFT) is the world's leading software publisher. Microsoft develops and sells a broad range of software, accessories and services for professional and domestic uses. Microsoft's mission is to use its expertise, capacity to innovate and its driving passion to help customers and partners achieve their ambitions and express their creativity, in a way that makes technology their best ally in the realization of their potential. Created in 1983, Microsoft France employs more than 1,200 people. Eric Boustouller became President on February 1, 2005.

Level 3 Communications, Inc.

Emmanuelle Dang of FTVI, +33-(0)1-56-22-60-76, emmanuelle.dang@francetv.fr; or Jennifer Faircloth of Inlet Technologies, jennifer.faircloth@inlethd.com; or Shawn Ramsey of Crossroads Public Relations, +1-919-621-0737, inlet@crossroadspr.com; or Hannah Britt of Level 3 Communications, Inc., +44-207-954-2128, hannah.britt@level3.com; or Christophe Bonnot of Microsoft France, +33-(0)1-69-86-47-39, cbonnot@microsoft.com; or Ghislain Garesse, +33-(0)1-56-03-12-22, or Pely Mendy, +33-(0)1-56-03-12-29, both of I&E Consultants, microsoft@i-e.fr; Logo: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO, Photo: http://www.newscom.com/cgi-bin/prnh/20090528/LA23645

Equifax Transforms Credit TransparencyThe Work Number and Settlement Services Capabilities Provide Complete Data Source for Mortgage Lending

ATLANTA, May 28 /PRNewswire-FirstCall/ -- Discover Source, formerly one of a number of standalone providers of automated IRS 4506-T tax-filing information, now plays a more powerful verification role as its information has been combined with the 192 million income and employment records in The Work Number (R) database. This Equifax Inc. proprietary solution now provides even more comprehensive employer- and/or U.S. government-verified information for lending institutions.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO )

Equifax recently completed the full integration of Discover Source, which it acquired in late 2008, into its TALX unit. The addition of Discover Source's 4506-T insight, combined with the extensive capabilities of Equifax's settlement services group, makes the company the nation's most complete and comprehensive source for determining the credit worthiness of consumers, and a 'one-stop shop' for all the data required for mortgage lending.

"We now have the most complete suite of income and employment verifications, analytic and data solutions available in the industry, integrated into a product line that provides the deepest insight into consumers' ability and capacity to take on additional debt. This is absolutely critical in today's underwriting environment," said Dann Adams, president of Equifax's U.S. Consumer Information Services unit. "For the mortgage industry, this suite provides a single source for the vast majority of data needed for loan modifications and mortgage lending."

Equifax's industry-unique solution draws from its database of over 200 million consumer files and from The Work Number -- its TALX subsidiary which has a database of more than 192 million employer records -- to provide a detailed risk profile that includes current income and employment of a particular borrower. The profile is enhanced further with:

-- Federal tax return data (4506T) from Discover Source, now a part of TALX. This information, a direct feed of federal tax return data from the IRS, provides further confirmation of an individual's income, employment, etc. It is also particularly useful in verifying key financial details of self-employed individuals. -- Key mortgage-related data provided through Equifax Settlement Services (ESS), including estimation of property values based on automated valuation models and full appraisal service, nationwide. -- Predictive income and other consumer analytics, sourced through Equifax's variety of unique databases for the most predictive indicators in the industry.

The stress of loan modifications and tightened lending compliance standards resulting from the financial crisis make the unmatched depth and transparency of Equifax's data, verification and analytical services even more critical to its lending clients.

"Our ability to provide verification of income and employment on almost the entire working population through a 'waterfall' process using The Work Number database, research with employers and automated direct 4506T/IRS information makes Equifax the most complete source available of this important information," said Bill Canfield, president of TALX. "And when income and employment information is combined with our credit data and ESS services, Equifax provides an unprecedented level of insight into the credit health of virtually the entire working population."

"To be successful in today's environment, financial institutions must have an understanding of not only a borrower's propensity to pay based on credit information, but also their capacity to pay," he continued. "The integrity, completeness and freshness of Equifax's data provide unmatched capability in managing risk in today's dynamic markets."

About Equifax

Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, employment and income verification and human resources business process outsourcing services, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.

Customers have trusted Equifax for over 100 years to deliver innovative solutions with the highest integrity and reliability. Businesses -large and small - rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, HR/payroll services, and much more. We empower individual consumers to manage their personal credit information, protect their identity and maximize their financial well-being.

Headquartered in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 14 other countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor's (S&P) 500(R) Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.

http://www.equifax.com/

Photo: http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Equifax Inc.

CONTACT: Tim Klein of Equifax Inc., +1-404-885-8555,
tim.klein@equifax.com

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

More 3G Wireless Coverage for Oxnard, California ResidentsNew Verizon Wireless cell site also adds capacity to stay ahead of demand for calls, email and text

IRVINE, Calif., May 28 /PRNewswire/ -- Ventura County residents, businesses and visitors are enjoying improved service thanks to a new Verizon Wireless cell site. The site expands 3G wireless coverage in Oxnard, along Harbor Boulevard between Costa de Oro and Gonzales Road, and along Wooley Road between Harbor Boulevard and Victoria Avenue. The increase in network coverage and capacity means more calls, emails, text and picture messages for locals, plus expanded wireless access to the web.

Verizon Wireless invested over $600 million in California during 2008 to enhance service and coverage. Nationally, the company has invested more than $48 billion in its network since it was formed in 2000. The result is the nation's largest, most reliable 3G network that powers services such as Mobile Broadband and email.

Businesses of any size can tap into the power of Mobile Broadband. The service allows users to connect to the Internet wirelessly while on the go to download music over-the-air, and access e-mail or corporate data. For example, customers can download a small 1 megabyte PowerPoint(R) presentation in about eight seconds and upload the same-sized file in less than 13 seconds.

Small business owners interested in Mobile Broadband, and other wireless solutions, can visit http://smallbusiness.vzw.com/ where they will find:

-- An online forum to share experiences and connect with other business owners -- Access to Small Business Specialists in each Verizon Wireless store -- Discounts and promotions to help businesses stretch their budgets -- Summaries of mobile solutions like email, wireless Internet and Push to Talk service -- 24/7 tech support

Verizon Wireless tests its network and those of its competitors. The company determines if voice calls and data connections are successful on the first attempt and stay connected. Nationally, Verizon Wireless' real-life test men and women drive 91 specially equipped vehicles almost 1,000,000 miles annually. They drive on Interstate, U.S. and state highways, as well as major roads and streets in high-population areas, based upon U.S. Census counts. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 80 million customers. Headquartered in Basking Ridge, N.J., with more than 85,000 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: Ken Muche of Verizon Wireless, +1-949-286-8193,
Ken.Muche@VerizonWireless.com

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

Jack Morton Raises the Bar for Online Events with New Virtual Events Platform

BOSTON, May 28 /PRNewswire/ -- Jack Morton Worldwide has launched a new virtual experience platform that enables fully customizable online events with the same high standard for live experience design, content, marketing ROI and integration for which this leading global experiential marketing agency is known.

In a recent study of over 400 marketers conducted by Jack Morton, 82% said that their "organization could increase revenue by better leveraging experiential strategies to engage employees, business audiences and consumers online." Yet 64% cited the ability to "integrate live experiences with virtual/online or other marketing experiences" as a key obstacle to successfully deploying experiential strategies for their organization. These insights led Jack Morton to develop a virtual experience platform that could combine innovative design, strategic, captivating content and the ability to be seamlessly integrated with live events.

Jack Morton's new, proprietary virtual experience platform is grounded in the principle that, in many cases, an off-the-shelf technology solution cannot answer the needs and challenges of its diverse client roster. As with face-to-face events, online events need to allow for customization according to the brand, the nature and size of the audience, and how people access and use information. To meet this challenge, Jack Morton's virtual experience platform provides for brand customization and multiple looks, from a digital representation of a "real" 3-D space designed by its Emmy-Award winning broadcast design team to edgier Flash environments. The platform is easily integrated into social media networks like Twitter, LinkedIn and Facebook. Additionally, it provides for superior audience interactions with its VIP Tracker, a tool that allows even greater customization (special break-out sessions, VIP lounges) for select audience members.

According to Josh McCall, Chairman & CEO of Jack Morton, "Virtual experiences are a vital and permanent part of the experiential space, one that can greatly enhance and extend a live event. As such they need to meet the same high standards we have for face-to-face experiences. That means smart strategic content, a passion for brands and inspired, engaging creative design."

To lead the effort to build Jack Morton's virtual experience platform, the agency announced the hire of Chris Haff as its new Director of Technology Solutions and head of its Digital Studio. Chris joined Jack Morton with 20 years' experience as a technologist and marketer. Most recently he was Director of Technology for Cramer, a Boston-based event agency, where his clients included Covidien, Novartis and PriceWaterhouseCoopers.

"The marketplace is flooded with templated solutions that simply swap out images and call it customization," said Chris Haff. "We felt we had a responsibility to build our own platform, one that allows for easy customization and on-brand experience design for our clients."

More information about Jack Morton's virtual experience platform can be found at jackmorton.com/virtual. A new white paper on virtual experiences is also available at jackmorton.com/takeaway/downloads.

Leading experiential marketing agency Jack Morton Worldwide creates multidimensional experiences that inspire key stakeholders to new insight, action and advocacy. Integrating live events, branded environments and interactive media, the agency engages consumers, business partners and employees, helping clients build brands, improve performance and increase sales. Jack Morton has a staff of 500 employees in the US, Europe and Asia-Pacific, and is part of the Interpublic Group of Companies, Inc. . More information is available online at http://www.jackmorton.com/.

Jack Morton Worldwide

CONTACT: Daniel Diez for Jack Morton Worldwide, +1-212-401-7409,
daniel_diez@jackmorton.com

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

Verizon Asks FCC to Prevent Cable Companies From Blocking Access to Regional Sports ProgrammingCompany Cites Denial of Consumer Choice

WASHINGTON, May 28 /PRNewswire/ -- Armed with a new federal court ruling that further strengthens the legal basis for action, Verizon is calling on the Federal Communications Commission to act promptly to stop incumbent cable television companies from illegally denying competitive video providers access to "must have" regional sports programming.

In a filing with the FCC on Thursday (May 28), Verizon told the commission that "the cable incumbents' documented history of abusing their control of regional sports networks and other regional sports programming to deny consumers a meaningful competitive choice is a real and ongoing problem that must be addressed."

That history includes withholding what the FCC calls "must have" sports programming in markets across the nation where many fans want to be able to choose a new television provider and continue to watch their local sports teams.

It wasn't until Verizon filed a program access complaint with the commission that Cablevision, the company's main competitor in the New York City market, began to sell, as required by law, access to its regional sports channels, MSG and MSG Plus. Today, Cablevision still refuses to supply that programming in high-definition format.

"By denying competing video providers access to regional sports, the cable incumbents deny many consumers a meaningful choice in video services," Verizon said in its FCC filing. "Without access to the games of local sports teams (many of whom compete in facilities funded by taxpayer dollars and obtain other public benefits, such as exemption from antitrust laws), many viewers simply will not consider a competing provider's video services."

In its FCC filing, Verizon said Tuesday's National Cable & Telecommunications Association v. FCC ruling by the D.C. Circuit "confirms that the commission has a solid statutory basis" for action.

That ruling unanimously confirmed that Section 628(b) of the Cable Act "prohibits any 'unfair methods of competition or unfair or deceptive acts or practices, the purpose or effect of which is to hinder significantly or prevent any [video provider] from providing satellite cable programming ... to subscribers or consumers,'" Verizon said. "Refusing to provide access to regional sports programming, regardless of how it is delivered, violates that prohibition."

Acquiring high-definition format sports programming is important, Verizon told the commission, because "More than 45 percent of American households have an HD television set, up from less than 20 percent in 2006. Nielsen data show higher levels of sports viewing and engagement in HD homes, with ratings for sports events 20 percent higher in HD homes compared to U.S. households as a whole."

Verizon included in the FCC filing a sampling of online postings from consumers that demonstrates the impact on them of Cablevision's refusal to provide regional sports programming in high definition.

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

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

Verizon

CONTACT: David Fish, Verizon, +1-202-515-2514, david.m.fish@verizon.com

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

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

Seminars to Warn of 'Sexting' and Other Internet RisksVerizon and i-SAFE Partner for Cyber Safety Week; Online Safety Education Events for Students, Teachers, Parents and Law Enforcement Begin June 1Sessions Will Educate, Raise Awareness and Empower People to Use the Internet Wisely and Safely

NEW BEDFORD, Mass., May 28 /PRNewswire/ -- "Sexting," the controversial practice of sending sexually explicit messages or photos over cell phones, is one of the key topics that will be addressed at a Verizon-sponsored Internet safety summit here next week.

Area law enforcement officials, as well as students, parents and educators, will learn of the dangers of sexting and receive information on steps they can take to remain safe online. Other topics to be covered during the day-long summit at Greater New Bedford Technical High School on June 1 include: cyber predators, cyber gangs, cyber bullying, identity theft, leetspeak (online code words), mobile romance (dating services over cell phones) and MMORPGS (multiplayer online games).

The summit, hosted by Bristol County Sheriff Thomas M. Hodgson, kicks off Cyber Safety Week, which consists of 25 Internet safety events to be held at schools in Massachusetts and Rhode Island from June 1 through June 5. Verizon and i-SAFE, the leader in online safety education, have teamed up to hold the events.

The sessions, funded by $100,000 in grants from the Verizon Foundation, will take place in New Bedford, Attleboro, Lynn, Lawrence, Leominster and Mansfield, Mass., and in Cranston and Pawtucket, R.I.

Among the 7.6 million students receiving i-SAFE training nationally, more than 235,000 of them are in Massachusetts and Rhode Island. The Cyber Safety Week events are expected to reach at least 75,000 more students in the two states.

The sessions for students are aimed at encouraging them to learn the steps they can take to remain safe online and then share that knowledge with their friends and families. Sessions for parents raise awareness and help provide them with tools to protect their families online.

Law enforcement agencies attending the summit include the Massachusetts State Police, Massachusetts and Rhode Island Attorneys General, United States Attorney, Worcester County District Attorney, Massachusetts Juvenile Probation, and the Attleboro, Lakeville, Marion, North Attleboro, Mansfield and Swansea Police Departments and Bristol County Sheriff's Office.

Verizon and i-Safe have partnered to hold similar Internet safety programs in several states across the country.

Verizon is engaged in Internet safety on multiple fronts. The company provides customers with an industry-leading slate of online cyber-security tools and educational programs that empower parents and children. Verizon also works closely with law enforcement to assist with investigations involving crimes against children, and partners with organizations like i-SAFE to deliver tools and information to various segments of the community.

Donna Cupelo, Verizon New England region president, said: "We're exploring what it means to have a civil society in an online world. "By that, we mean an experience that allows for growth and innovation and applying these marvelous broadband technologies in ways that make our lives better; an experience that is also safe, secure and shuts out the swindlers and those who would use the Internet to inflict harm.

"That's why we believe the first priority for providers is the personal safety of consumers. Therefore, Verizon provides the best network tools available to ensure security and to inform people -- especially parents -- how to make safer choices to protect their families' privacy, guard against cybercrime and fight abuse."

Surveys conducted by i-SAFE of more than 20,000 Massachusetts students show:

-- Eighty-two percent have registered at a social-networking Web site such as MySpace.com and Facebook.com. -- Eight percent report having been repeatedly pursued or contacted (stalked) by another against their wishes on the Internet. -- Nine percent have met someone from the Internet in person.

Data collected by i-SAFE also show that 34 percent of Massachusetts students tell their parents "almost nothing" or "nothing" about their Internet-only friends. And 32 percent of fifth- through twelfth-graders said their parents would disapprove or punish them if they knew about all their Internet activities. To date, i-SAFE has helped educate more than 7.6 million students and more than 250,000 adults nationwide through Congressional funding and corporate partnerships.

As a result of this training, i-SAFE online surveys of Massachusetts students in grades 5-12 with previously unsafe online habits report:

-- Eighty-five percent say they are now equipped to see and stay away from dangerous things on the Internet. -- Seventy-eight percent indicate they are now less likely to meet someone from the Internet face-to-face. -- Eighty-two percent will no longer download music illegally from the Internet.

More information about Verizon's Internet safety initiatives can be found at http://www.verizonnationalmedia.com/familycenter/ and http://www.verizonfoundation.org/core/internet_safety.shtml.

About i-SAFE Inc.

Founded in 1998 and active in all 50 states, i-SAFE Inc. is the leader in e-Safety education. i-SAFE is a nonprofit organization whose mission is to educate and empower students, parents, seniors, and community members to safely and responsibly take control of their Internet experiences. i-SAFE provides knowledge that will enable them to recognize and avoid dangerous, destructive, or unlawful online behavior, and to respond appropriately. This is accomplished through dynamic K through 12 curriculum and community-outreach programs to students, parents, law enforcement, and community leaders. i-SAFE is the only e-Safety foundation to combine these elements. i-SAFE Inc. is recognized by the U.S. Internal Revenue Service as a tax-exempt 501(c)(3) charitable organization. http://www.i-safe.org/

About the Verizon Foundation

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

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

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

Verizon

CONTACT: Jeff Godlis of i-SAFE Inc., +1-760-603-7911, ext. 39,
jgodlis@i-SAFE.org; or Phil Santoro of Verizon, +1-617-743-4760,
philip.g.santoro@verizon.com

Web Site: http://www.verizon.com/
http://www.i-safe.org/

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

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News archive of November 2009
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