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Audiovox Corporation Reports Fiscal 2010 First Quarter Results

HAUPPAUGE, N.Y., July 10 /PRNewswire-FirstCall/ -- Audiovox Corporation . Audiovox Corporation today announced results for its fiscal 2010 first quarter ended May 31, 2009.

Net sales for the fiscal 2010 first quarter were $119.8 million compared to net sales of $144.6 million reported in the prior year period, a decrease of 17.1%.

Patrick Lavelle, President and CEO stated, "While our sales were off 17.1% compared to the first quarter last year, our margins have increased and our overhead is down significantly. Despite lower sales, we managed to post a modest profit in the first quarter as a direct result of the cost reduction and margin improvement plans instituted last year."

Electronics sales, which include both mobile and consumer electronics, were $79.0 million for the fiscal 2010 first quarter, a decrease of 30.5% compared to $113.7 million reported in the fiscal 2009 first quarter. This decline is primarily due to the decrease in sales generated from consumer electronic products as a result of the Company's exit from product categories including large flat screen TV's, portable navigation and GMRS, as well as lower sales of mobile electronics products related to the continued turmoil in the automotive industry. Customer and vendor bankruptcies, the weak economy and lack of credit available to customers also adversely impacted sales during the fiscal 2010 first quarter. Offsetting these declines were sales increases in the satellite radio category and in select consumer electronics product lines. As a percentage of net sales, Electronics represented 65.9% of net sales in the fiscal 2010 first quarter compared to 78.7% in the comparable fiscal year period.

Accessories sales for the fiscal 2010 first quarter were $40.8 million, an increase of 32.2% as compared to $30.9 million reported in the comparable fiscal year period. This increase is due primarily to the addition of new customers, new products and higher sales driven by the changeover from analog to digital TV, which favorably impacted digital antenna sales. As a percentage of net sales, Accessories represented 34.1% and 21.3% of net sales for the periods ended May 31, 2009 and May 31, 2008, respectively.

Gross margins increased by 350 basis points from 15.6% in the fiscal 2009 first quarter to 19.1% in the fiscal 2010 first quarter. Gross margins were favorably impacted by increased margins in the consumer group as a result of a change in product mix with a shift towards the RCA product brands, and higher margins in the accessory group as a result of new products added during the quarter. Offsetting these increases were declines in the Company's mobile group margin, due to the state of the automotive market and due to higher sales in the satellite radio category, which carry lower margins compared to other product lines. Additionally, included in fiscal 2009 first quarter results was a $2.9 million inventory mark-down of portable navigation products, a line which was discontinued last year.

The Company reported operating expenses of $22.7 million for the fiscal 2010 first quarter, a decrease of $7.7 million or 25.4% compared to $30.4 million reported in the comparable fiscal year period. As a percentage of net sales, operating expenses decreased to 18.9% for the three months ended May 31, 2009, from 21.0% in the prior year period. The decrease in operating expenses was primarily due to the overhead reduction program and cost containment efforts instituted in the second half of fiscal 2009.

Pre-tax income from continuing operations in the fiscal 2010 first quarter was approximately $0.8 million compared to a pre-tax loss from continuing operations of $7.2 million in the comparable year-ago period. Net income for the period ended May 31, 2009 was $0.5 million or earnings per diluted share of $0.02 compared to a net loss of $5.2 million or a loss per diluted share of $0.23 in the three months ended May 31, 2008.

Lavelle concluded, "I believe we are taking the necessary steps to operate our business profitably in this climate and I expect to see sequential sales improvements in the second and third quarters. We also have a number of new mobile programs that will launch in the fall that should help offset weakness in the automotive sector. We believe we're well positioned to grow our business in the years ahead and with over $62 million in cash, have the financial resources to execute on our strategy and take advantage of M&A opportunities as they arise. I, along with management and the Board remain committed to enhancing shareholder value and believe the steps we have and are taking will position us well for the future."

Conference Call Information

The Company will be hosting its conference call on Monday, July 13, 2009 at 10:00 a.m. ET. Interested parties can participate by visiting http://www.audiovox.com/, and clicking on the webcast in the Investor Relations section or via teleconference (toll-free number: 866-713-8567; international number: 617-597-5326; pass code: 90333962). For those who will be unable to participate, a replay will be available approximately one hour after the call has been completed and will last for one week thereafter (replay number: 888-286-8010; international replay number: 617-801-6888; pass code: 31262355).

About Audiovox

Audiovox is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products and consumer electronics accessories. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the lines marketed by Audiovox are its mobile electronics products including mobile video systems, auto sound systems including satellite radio, vehicle security and remote start systems; consumer electronics products such as MP3 players, digital camcorders, DVRs, clock radios, portable DVD players, extended range two-way radios, multimedia products like digital picture frames and home and portable stereos; consumer electronics accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power & surge protectors and media cleaning & storage devices; Energizer-branded products for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras and DVD players, as well as for power supply systems, automatic voltage regulators and surge protectors. The company markets its products through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group. The company markets products under the Audiovox, RCA, Jensen, Acoustic Research, Energizer, Advent, Code Alarm, TERK, Prestige and SURFACE brands. For additional information, visit our Web site at http://www.audiovox.com/.

Safe Harbor Statement

Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statement. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to, further deterioration in the global economy; risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the mobile and consumer electronics and accessories businesses; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against Audiovox and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form 10-K for the fiscal year ended February 28, 2009.

Contact: Glenn Wiener, GW Communications Tel: 212-786-6011 / Email: gwiener@GWCco.com - Tables Attached - Audiovox Corporation and Subsidiaries Consolidated Balance Sheets (In thousands, except share data) May 31, February 28, 2009 2009 Assets unaudited Current assets: Cash and cash equivalents $62,327 $69,504 Accounts receivable, net 108,096 104,896 Inventory 118,751 125,301 Receivables from vendors 23,801 12,195 Prepaid expenses and other current assets 16,412 17,973 Deferred income taxes 397 354 Total current assets 329,784 330,223 Investment securities 8,426 7,744 Equity investments 13,513 13,118 Property, plant and equipment, net 20,198 19,903 Intangible assets 87,908 88,524 Deferred income taxes 254 221 Other assets 1,832 1,563 Total assets $461,915 $461,296 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $40,200 $41,796 Accrued expenses and other current liabilities 26,800 32,575 Income taxes payable 2,657 2,665 Accrued sales incentives 11,612 7,917 Deferred income taxes 1,459 1,459 Bank obligations 2,233 1,467 Current portion of long-term debt 1,409 1,264 Total current liabilities 86,370 89,143 Long-term debt 5,980 5,896 Capital lease obligation 5,511 5,531 Deferred compensation 3,113 2,559 Other tax liabilities 2,572 2,572 Deferred tax liabilities 5,042 4,657 Other long term liabilities (see Note 3 of Annual Report) 9,665 10,436 Total liabilities 118,253 120,794 Commitments and contingencies Stockholders' equity: Series preferred stock, $.01 par value; 1,500,000 shares authorized, no shares issued or outstanding - - Common stock: Class A, $.01 par value; 60,000,000 shares authorized, 22,424,212 shares issued and 20,604,460 outstanding at May 31, 2009 and February 28, 2009, respectively 224 224 Class B convertible, $.01 par value; 10,000,000 shares authorized, 2,260,954 shares issued and outstanding 22 22 Paid-in capital 274,464 274,464 Retained earnings 91,986 91,513 Accumulated other comprehensive loss (4,638) (7,325) Treasury stock, at cost, 1,819,772 shares of Class A common stock at May 31, 2009 and February 28, 2009, respectively (18,396) (18,396) Total stockholders' equity 343,662 340,502 Total liabilities and stockholders' equity $461,915 $461,296 Audiovox Corporation and Subsidiaries Consolidated Statements of Operations For the Three months ended May 31, 2009 and 2008 (In thousands, except share and per share data) (unaudited) 2009 2008 Net sales $119,806 $144,583 Cost of sales 96,882 122,068 Gross profit 22,924 22,515 Operating expenses: Selling 6,959 9,951 General and administrative 13,661 17,649 Engineering and technical support 2,072 2,804 Total operating expenses 22,692 30,404 Operating income (loss) 232 (7,889) Other income (expense): Interest and bank charges (319) (476) Equity in income of equity investees 395 900 Other, net 448 296 Total other income 524 720 Income (loss) before income taxes 756 (7,169) Income tax expense (benefit) 283 (1,946) Net income (loss) $473 ($5,223) Net income (loss) per common share (basic) $0.02 ($0.23) Net income (loss) per common share (diluted) $0.02 ($0.23) Weighted-average common shares outstanding (basic) 22,865,394 22,854,614 Weighted-average common shares outstanding (diluted) 22,865,394 22,854,614

Audiovox Corporation

CONTACT: Glenn Wiener, GW Communications, +1-212-786-6011,
gwiener@GWCco.com

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

Microsoft Launches Silverlight 3 and Expression 3NBC Sports, Continental Airlines and MGM leverage new releases to cost-effectively deliver immersive experiences across the Web and desktop.

SAN FRANCISCO, July 10 /PRNewswire-FirstCall/ -- Delivering on its commitment to help enable the creation and deployment of the world's most compelling applications, Microsoft Corp. today launched Microsoft Silverlight 3 and Expression 3, combining groundbreaking new capabilities with simplified packaging to provide the industry's leading media and rich Internet application (RIA) solution. In conjunction with Microsoft Visual Studio, Silverlight and Expression offer a highly collaborative development and design environment that simplifies the process of delivering engaging user experiences. Adoption of Microsoft's platform continues to rapidly accelerate as evidenced by strong demand for Microsoft Silverlight 2. In less than nine months since its release, more than 1 in 3 Internet devices now have Silverlight 2 installed. In addition, a surge of new Silverlight and Expression customers were announced today, including MGM's "SGU: Stargate Universe" and Continental Airlines Inc. In addition, NBC Sports announced its intention to use Silverlight for all of its high-quality online video delivery across its numerous sporting franchises.

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

"NBC Sports is committed to bringing our viewers premier sporting events such as the Association of Volleyball Professionals (AVP) events, the Wimbledon Championships and the Olympic Games," said Perkins Miller, senior vice president of Digital Media at NBC Sports. "NBC Sports has evaluated many different technologies for delivering high-quality experiences online, and none have delivered the video quality, scalability and business value that Microsoft Silverlight has consistently brought. As we look forward to the 2010 Olympic Winter Games in Vancouver as well as other major championships in 2010, we will be using Silverlight as the preferred technology to deliver the best in next-generation online high-definition video experiences."

Following quickly on the heels of NBC Universal's deployment of Silverlight and Internet Information Services 7.0 (IIS7) Smooth Streaming for its Live at Wimbledon video experience, Microsoft highlighted how other new customers are leveraging the power of Silverlight and Expression, including the following:

-- MGM: MGM's "SGU: Stargate Universe" used Deep Zoom and Microsoft Photosynth within Silverlight to deliver an immersive experience on the official site, http://stargate.mgm.com/, for the Stargate TV franchise, allowing fans to explore the sets where the show is filmed in great detail. Using Silverlight technology, MGM's "SGU: Stargate Universe" can also extend greater flexibility to prospective advertisers through various in-stream ad formats supporting multiple publishing frameworks. -- Continental Airlines: Continental is updating its call center reservation system by redeveloping the application as a RIA using Silverlight and delivered through a Web browser. This will enable the company to enhance customer service, reduce costs and increase productivity, processing more than 70,000 calls a day.

In addition to widespread customer adoption, Microsoft also highlighted the strong partner ecosystem, with more than 300 Microsoft partners in more than 30 countries helping customers around the world design, develop and deliver compelling experiences with Silverlight and Expression, including leading content delivery networks, solution providers, and encoding independent software vendors. More information about Silverlight partners is available at http://www.microsoft.com/silverlight/partners/default.aspx.

"Silverlight and Expression fill a clear need in the marketplace for a complete end-to-end solution that makes it easy for development teams to work together effectively, from concept to deployment, to create the types of rich interactive experiences today's users expect," said Scott Guthrie, corporate vice president of the .NET Developer Platform at Microsoft. "In a record amount of time, we've gone from being the industry newcomer to achieving a remarkable rate of industry adoption, rapidly delivering capabilities such as SketchFlow and IIS Smooth Streaming that are unmatched by other vendors. With more than 6 million developers with .NET programming skills worldwide and a platform that delivers a rich user experience at some of the lowest costs possible, Silverlight ubiquity is a matter of 'when,' not 'if.'"

Create the Applications of the Future Today

As part of its commitment to provide powerful, low-cost solutions for building rich user experiences, Microsoft announced it is further simplifying the pricing and packaging for its design and development tools. For example, developers and designers can now purchase Visual Studio Professional Edition and Expression together for a reduced rate of only $999 (U.S.) estimated retail price. Silverlight remains a free runtime that almost anyone can use to deliver great Web experiences. More detailed information on pricing is available at http://www.microsoft.com/presspass/presskits/silverlight.

Microsoft is introducing several groundbreaking features in Silverlight 3 and Expression 3 that enable development teams to create RIAs and media applications with capabilities not offered by competitors, including the following:

-- Expression SketchFlow. Available to customers just four months after its initial debut at MIX09, SketchFlow provides development teams unrivaled capabilities to rapidly prototype applications and take their ideas from concept to reality. -- Out of Browser. Silverlight 3 provides the seamless ability to add out-of-browser, connected and disconnected scenarios for cross-platform applications, radically improving the productivity and capabilities over traditional RIAs. -- IIS Smooth Streaming. As part of Internet Information Services 7.0 (IIS7) Media Services and combined with Silverlight 3, IIS Smooth Streaming enables the industry's first HDTV-quality (1080p) video experiences with rich interactivity for both on-demand and live video.

Silverlight 3 also delivers hundreds of features and controls that increase development team productivity, including 3-D and hardware graphics acceleration. Combined with continued innovation in world-class tools for development teams in Expression 3, which builds on and complements the strengths of Visual Studio and works with Windows Server, the global Web community is now empowered to create cutting-edge RIAs and media experiences.

All this news and more will be highlighted as part of the Silverlight 3 and Expression 3 interactive virtual launch experience available at http://www.seethelight.com/. Visitors can watch product demos, visit customer and partner pavilions and see the latest in digital design and development in the new "Visual Kitchen." Replays of the July 10 launch event keynote and in-depth product sessions will also be available.

Product Information and Availability

Silverlight 3 is available today for download at http://www.microsoft.com/silverlight. Customers already using a previous version of Silverlight may be automatically upgraded to Silverlight 3. Expression 3 will be available within the next 30 days, including a free, 60-day trial version available at http://www.microsoft.com/expression/try-it. A Release Candidate of Expression Blend 3 with SketchFlow is available today for download.

A full list of the new features and capabilities in Silverlight 3 and Expression 3 is available at http://www.microsoft.com/presspass/presskits/silverlight.

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

Photo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com Microsoft Corp.

CONTACT: Rapid Response Team of Waggener Edstrom Worldwide,
+1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft Corp., or Visit the
Silverlight Virtual Press Room:
http://www.microsoft.com/presspass/presskits/silverlight/default.mspx

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

ViewCast Announces Support for Microsoft Silverlight 3ViewCast Niagara(R) streaming media encoders and Osprey(R) video capture cards ideal to tap into next-generation Silverlight features

PLANO, Texas, July 10 /PRNewswire-FirstCall/ -- ViewCast Corporation (OTC Bulletin Board: VCST), a developer of industry-leading hardware and software for the transformation, management and delivery of professional quality video over IP and mobile networks, today announced its support for Microsoft Silverlight 3. As a member of the Microsoft Silverlight Partner Initiative to deliver the next generation of .NET-based media over the Internet, ViewCast is committed to extending the innovation and agility inherent in the Silverlight platform to ensure unparalleled online media experiences.

"The Microsoft Silverlight platform is quickly transforming the streaming media technology landscape, expanding the breadth and flexibility of content delivery capabilities for the digital media marketplace," said Dave Stoner, ViewCast President and CEO. "By supporting Silverlight with our ViewCast Niagara and Osprey product portfolios, we are providing our customers with a high-performance, feature-rich streaming media platform to elevate the quality and impact of their Internet video programming. In this way, ViewCast remains positioned at the forefront of emerging 'new media' technologies and business opportunities."

Microsoft Silverlight is a cross-browser, cross-platform, and cross-device plug-in for delivering the next generation of .NET-based media experiences and rich interactive applications for the Web. By using Silverlight support for the .NET platform, including high-definition (HD) video, cost-effective advanced streaming, and unparalleled high-resolution interactivity, businesses can reach out to new markets across the Web, desktop, and mobile devices.

"Silverlight 3 is an exciting step toward the future of rich-media content development and delivery, empowering application designers, media companies and end users to realize the full promise of truly HD interactive media content on the Internet," said Steve Sklepowich, group product manager for Silverlight at Microsoft Corp. "Through its support for Silverlight, ViewCast is extending the value of its streaming media technology and facilitating greater innovation for media companies worldwide."

ViewCast's powerful Niagara streaming media encoders produce superior quality, high-resolution live and on-demand streaming and deliver the newest rich media capabilities via Silverlight features. Designed to provide the performance, reliability and ease-of-use convenience that professional media companies demand, Niagara encoders enable users to quickly capture and broadcast premium quality audio and video in multiple formats and at multiple bit rates - all simultaneously. ViewCast's Niagara SCX(R) media management software provides remote management of multiple Niagara encoders over the network via a centralized interface.

Renowned as the gold standard in reliable, high-performance video streaming technology, ViewCast's Osprey video capture cards include advanced capabilities such as inverse telecine, deinterlacing, scaling and cropping, and the ability to feed multiple encoders simultaneously. Osprey cards are ideal for capturing video from real-time broadcast sources and are an ideal distribution platform for customers using Microsoft Expression Encoder tools to create rich Web applications.

More information about ViewCast video streaming solutions is available at http://www.viewcast.com/.

About ViewCast

ViewCast develops industry-leading hardware and software for the transformation, management and delivery of professional quality video over IP and mobile networks. ViewCast's award-winning solutions simplify the complex workflows required for the Web-based streaming of news, sports, music and other video content to computers and mobile devices, empowering broadcasters, businesses and governments to easily and effectively reach and expand their audiences. With more than 300,000 video capture cards deployed globally, ViewCast sets the standard in the streaming media industry. ViewCast Niagara(R) streaming appliances, Osprey(R) video capture cards, and Niagara SCX(R) encoding and management software provide the highly reliable technology required to deliver the multi-platform experiences driving today's digital media market.

ViewCast, Osprey, Niagara, Niagara SCX are trademarks or registered trademarks of ViewCast Corporation or its subsidiaries. All other trademarks appearing herein are the property of their respective owners.

ViewCast Contact: Jeff Kopang Vice President of Marketing Tel: +1 (972) 488-7200 E-mail: jeffk@viewcast.com PR Agency Contact: Jessie Glockner Rainier Communications Tel: +1 (508) 475-0025 x140 E-mail: jglockner@rainierco.com Investor Contact: Matt Clawson Allen & Caron Tel: +1 (949) 474-4300 E-mail: matt@allencaron.com

ViewCast Corporation

CONTACT: Jeff Kopang, Vice President of Marketing of ViewCast,
+1-972-488-7200, jeffk@viewcast.com; or Jessie Glockner of Rainier
Communications, +1-508-475-0025, ext. 140, jglockner@rainierco.com; or
investors, Matt Clawson of Allen & Caron, +1-949-474-4300,
matt@allencaron.com, both for ViewCast Corporation

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

Sonic Foundry Exhibits in Microsoft's Virtual Launch Event for Silverlight 3Mediasite 5.1 showcased as first lecture capture solution to deliver full Silverlight playback experience

MADISON, Wis., July 10 /PRNewswire-FirstCall/ -- Sonic Foundry, Inc. , a leader in rich media webcasting and knowledge management and the global leader for lecture capture, today announced the company's participation in Microsoft Corp.'s virtual launch event for Silverlight 3. The company, an early member of the Microsoft Silverlight Partner Initiative, will showcase the new Mediasite 5.1 with a virtual booth in the event's exhibition hall. The launch event, expected to reach hundreds of thousands of online visitors, also features keynote and technical sessions, resources and videos within a Silverlight environment.

"Microsoft applauds Sonic Foundry's initiative to offer a fully Silverlight 3-enabled playback experience for lecture capture," said Brian Goldfarb, director of the Developer Platform Group at Microsoft Corp. "Sonic Foundry's commitment to Silverlight 3 is yet another example of how Silverlight helps companies innovate to provide rich and dynamic content for an evolving Web-based clientele."

By harnessing the power of Silverlight, the newest Mediasite Players provide an unparalleled experience for watching online lectures, presentations, training and events. Universities and enterprises can deliver richer, more dynamic content and embed presentations that use Mediasite's new Silverlight players directly within any portal, course management system, website or blog - providing viewing within the sites and applications that users visit most.

"Microsoft has a long history of being the leading video platform in the enterprise and education markets, and with Silverlight's new features, they still lead the pack as the online video platform of choice for Fortune 500 and higher education customers," said Dan Rayburn, principal analyst, Frost & Sullivan. "Sonic Foundry's decision to standardize on Silverlight for its ubiquity and rich user experience enables them to support the broadest spectrum of webcasting and lecture capture users."

"When Sonic Foundry first deployed Silverlight more than a year ago, our customers quickly realized the benefits of utilizing a cross browser, cross platform technology. Today, Mediasite's dynamic, context-based viewing experience allows users to watch and interact with live and on-demand rich media presentations based on what's most important to them," said Monty Schmidt, founder and CTO of Sonic Foundry. "Sonic Foundry will continue to partner with Microsoft because its commitment to innovation and excellence is much like our own. They have a decades-long legacy of customer allegiance and are dedicated to maintaining a solid network of partners. We are proud to be the first company to offer a fully Silverlight enabled playback experience for lecture capture, and to be part of their Virtual Launch event which allows us to share Mediasite with the quickly growing Silverlight community."

Visit Sonic Foundry's booth in Microsoft's virtual launch event at http://www.seethelight.com/.

About Sonic Foundry(R), Inc.

Sonic Foundry is the global leader for rich media webcasting and knowledge management, providing enterprise communication solutions for more than 1,500 customers in education, business and government. Powered by Mediasite, the patented webcasting platform which automates the capture, management, delivery and search of lectures, online training and briefings, Sonic Foundry empowers people to transform the way they communicate. Through the Mediasite platform and its Events Services group, the company helps customers connect a dynamic, evolving world of shared knowledge and envisions a future where learners and workers around the globe use webcasting to bridge time and distance, accelerate research and improve performance.

Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.

Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Sonic Foundry's products, its ability to succeed in capturing significant revenues from media services and/or systems, the effect of new competitors in its market, integration of acquired business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.

Sonic Foundry, Inc.

CONTACT: Tammy Kramer of Sonic Foundry, Inc., +1-608-237-8592,
tammyk@sonicfoundry.com

Web Site: http://www.sonicfoundry.com/
http://www.seethelight.com/

Middle Kingdom Alliance Corp. Announces Closing of Its Business Combination with Pypo Digital Holdings Limited

ATLANTA and BEIJING, July 10 /PRNewswire-FirstCall/ -- Middle Kingdom Alliance Corp. ("Middle Kingdom"); (BULLETIN BOARD: MKGD, MKGBB, MKGBW, MKGDW, MKGDU, MKGBU) is pleased to announce that it has completed its business combination with Pypo Digital Company Limited. The company has been renamed Pypo China Holdings Limited ("Pypo") and will continue to trade on the OTCBB under Middle Kingdom's existing symbols.

Pypo has built a distribution, marketing and service platform that reaches consumers in the mobile communications sector around China including:

-- a nationwide distribution network of consumer electronic stores, regional retailers, wireless operators and regional distributors that carry Pypo's products in over 350 cities across 30 Chinese provinces; -- some 3,400-person sales and marketing staff, including an exclusive 1,817 person sales force that provides dedicated customer service; -- retail stores in 50 cities in the provinces of Hebei, Yunnan, Henan, Hunan, Jiangsu, Shandong, Shanxi, Gansu, Inner Mongolia and in Shanghai; -- regional distribution centers in five major Chinese cities and twenty-two warehouses nationwide; and -- an e-commerce website, http://www.dongdianwang.com/.

Dongping Fei, CEO of Pypo stated, "This is an important milestone for us. We are well-positioned to participate in the continued growth in China's mobile communications sector driven by 3G, urbanization and changing lifestyles. Increasing competition among the carriers offers Pypo the unique opportunity to leverage its retail distribution channel to extract significant value from the supply chain. The additional equity capital provided by this transaction, along with the benefits of a U.S. public listing, are helpful next steps in Pypo's long-term development." Pypo chairman Kuo Zhang, congratulated the teams at Pypo and at Middle Kingdom for completing the mutually beneficial transaction. He warmly welcomed Pypo's newest shareholders.

"In completing this transaction amidst some of the most challenging market conditions in recent history, Pypo's management has shown outstanding quality to adapt and win, and Pypo's institutional shareholders have demonstrated their unwavering support," said Jay Tanenbaum, CEO of Middle Kingdom, who will continue as a senior vice president of Pypo. Michael Marks, Middle Kingdom's president and continuing director of Pypo, added, "When we review Pypo's current initiatives to propel growth in this sector, we cannot help but be excited about the prospects. It will be a pleasure to contribute."

About Middle Kingdom Alliance Corp.

Middle Kingdom is a blank check company organized on January 17, 2006. It completed its initial public offering on December 13, 2006. Middle Kingdom was formed for the purpose of effecting a business combination with an enterprise having its primary operations in the People's Republic of China.

Safe Harbor And Informational Statement

This release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this release regarding Middle Kingdom's or Pypo's strategy, future operations, future financial position, prospects, plans and objectives of management, as well as statements, other than statements of historical facts, regarding Pypo's industry, are forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The parties may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements, and investors should not place undue reliance on the forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements made by the parties. Important factors that could cause actual results or events to differ materially from the forward-looking statements, include among others: changing principles of generally accepted accounting principles; outcomes of government reviews, inquiries, investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the business in which Pypo is engaged; fluctuations in customer demand; management of rapid growth; intensity of competition from other distributors of wireless telecommunications devices and products; the time to develop and market new services and products; general economic conditions; and geopolitical events and regulatory changes. Further, the forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, collaborations or investments made by the combined company. Neither Middle Kingdom nor Pypo assumes any obligation to update any forward-looking statements.

Middle Kingdom Alliance Corp.

CONTACT: Middle Kingdom Alliance Corp., +1-404-843-8585; Jay Tanenbaum,
Senior VP Corporate Communications, jtanenbaum@midkingdom.com; Michael Marks,
Director, mmarks@midkingdom.com; Clement Kwong, Senior VP Corporate Strategy,
ckwong@pacific-alliance.com.cn; all for Pypo China Holdings Limited

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

Online Gaming Continues Strong Growth in U.S. as Consumers Increasingly Opt for Free Entertainment AlternativesDistributed Gaming Content Publishers Compare Favorably Against Gaming Destination Sites

RESTON, Va., July 10 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released an overview of the online gaming category among U.S. Internet users, which showed a significant increase in the size of its audience during the past year as consumers increasingly opt for cheaper entertainment alternatives, driven in part by the reality of economic challenges. The category attracted 87 million U.S. visitors in May 2009, up 22 percent versus year ago.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)

Yahoo! Games ranked #1 in the category with 19.4 million visitors, representing a 6-percent increase over the past year, followed by EA Online with 18 million visitors (up 34 percent), Nickelodeon Casual Games with 14.8 million visitors, and WildTangent Network with 13.8 million (up 16 percent). GSN Games Networks achieved particularly strong gains in the past year, growing 563 percent to 6 million visitors, due primarily to the additions of entities such as WorldWinner.com and CrazyMonkeyGames.com.

Top Online Gaming Sites May 2009 vs. May 2008 Total U.S. - Home/Work/University Locations Source: comScore Media Metrix Total Unique Visitors (000) May-2008 May-2009 % Change Total Internet : Total Audience 190,858 193,825 2 Online Gaming 71,624 87,102 22 Yahoo! Games 18,340 19,391 6 EA Online 13,374 17,988 34 Nickelodeon Casual Games N/A 14,836 N/A WildTangent Network 11,896 13,844 16 ADDICTINGGAMES.COM 10,216 11,898 16 Disney Games 12,137 11,717 -3 MSN Games 10,017 8,986 -10 AOL Games 8,318 8,711 5 MINICLIP.COM 7,551 8,432 12 Betawave Partners - Partial List 3,894 7,406 90 Spil Games 4,345 7,163 65 GSN Games Network 910 6,034 563 Big Fish Games Sites 4,392 5,592 27 SHOCKWAVE.COM 5,850 5,158 -12 ARMORGAMES.COM 2,684 3,860 44 Y8.COM 1,243 3,537 185 GAMEVANCE.COM 3,982 3,466 -13 RealArcade Sites 6,143 3,427 -44 IWIN.COM 2,112 3,356 59 Midasplayer.com Ltd. 1,601 2,872 79

"Online gaming continues to be one of the top gaining categories over the past year growing at ten times the rate of the total U.S. Internet population and reaching nearly one out of every two Internet users," said Edward Hunter, comScore director of gaming solutions. "And the growth in the category is occurring not only at the top gaming destination sites, but also through viral distribution platforms, including widgets and applications. In fact, some online gaming companies that distributed their games across sites are reaching as many people as the top online gaming sites."

Distribution Platforms Increase in Significance to Online Gaming Market

Distributed content, as measured by comScore Extended Web Metrix, represents a growing trend in the online gaming space. Distributed content platforms, including widgets and applications, can often reach audiences of a size comparable to online gaming destination sites. MochiMedia, for example, reached a combined audience of 16.9 million in May, greater than all but two sites in the online gaming category. Games2Win reached 1.8 million people, which compares favorably with the top twenty sites in the category, while Tetris Online reached 165,000 people.

Top Online Gaming Extended Web Entities* May 2009 Total U.S. - Home/Work/University Locations Source: comScore Media Metrix (Extended Web) Total % Reach Unique Visitors (000) Total Internet : Total Audience 193,825 100.0 MochiMedia 16,919 8.7 Games2Win 1,822 0.9 Tetris Online 165 0.1

*Measurement of extended web entities requires participation from publishers to tag distributed content for measurement purposes. The sites listed do not represent an exhaustive list of online gaming publishers with distributed content.

"The power and reach of viral content distribution is well captured by comScore Extended Web Metrix," said Alok Kejriwal, CEO and Co-Founder, Games2win. "With these latest consumer traffic numbers, we can now effectively present and strategically leverage our accelerating audience reach, and share data with our advertisers, marketers and partners that represents a holistic view of who is playing our games and from where."

About comScore

comScore, Inc. is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit http://www.comscore.com/companyinfo.

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CONTACT: Andrew Lipsman of comScore, Inc., +1-312-775-6510,
press@comscore.com

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

SRS Labs Wins 2009 SINOCES Awards for 'Best Audio Technology' and 'Best Performing Brand' in Consumer ElectronicsSRS Chief Technology Officer, Alan Kraemer to Present Keynote Speech at the SINOCES Consumer Electronics Forum - Industry Summit

SANTA ANA, Calif., July 10 /PRNewswire-FirstCall/ -- SRS Labs , the industry leader in surround sound, audio, and voice technologies, announced today that it has been honored with two awards at the 2009 China International Consumer Electronics Show (SINOCES), within the "Best Audio Technology for Consumer Electronics" and the "Best Performing Brand in Consumer Electronics" categories, while SRS Chief Technology Officer (CTO), Alan Kraemer is a keynote speaker at this year's event.

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"We have a great sense of pride in what we do here at SRS, and winning two prestigious 2009 SINOCES awards further validates our achievements in delivering quality and value to both our manufacturing partners and discriminating consumers worldwide," said Allen H. Gharapetian, Vice President of Marketing for SRS Labs. "SRS Labs is constantly developing ground-breaking audio enhancement solutions, and has a reputation for its ability to engineer any device to provide the best possible, most natural audio experience."

SRS Labs received the "Best Audio Technology" award for its advanced audio solutions including, TruSurround XT, Premium Sound and WOW HD, which can be found in millions of consumer electronics worldwide, including within many products by Chinese manufacturers. SRS also won the "Best Performing Brand" award for its solutions' near universal deployment and mass adoption within consumer electronics products including flat-panel TVs, PCs, mobile phones, portable media players and other devices that are popular among Chinese consumers.

Through the rapid adoption of SRS Labs' leading CE audio solutions, the company has reaffirmed its position as the de facto standard for consumer audio solutions within a wide range of consumer electronic devices.

Additionally, CTO, Alan Kraemer traveled to Qingdao, China to represent SRS Labs as a keynote speaker during the 2009 SINOCES Consumer Electronics Forum - Industry Summit. Kraemer will be amongst the esteemed speaker company of Gary Shapiro, President of the U.S. CEA, as well as various government officials, market research firm analysts, and other highly regarded CE corporation executives.

About SRS Labs, Inc.

Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of human auditory principles. Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS audio, surround sound and voice processing technologies have been included in over one billion electronic products sold worldwide including HDTVs, mobile phones, portable media devices, PCs and automotive entertainment. In fact, SRS Labs is the de-facto standard of HDTV audio processing with nine of the top ten name brand flat panel TVs featuring SRS technology. Additionally, SRS Labs surround sound solutions provide the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the U.S., China, Europe, Japan, Korea and Taiwan. For more information, visit http://www.srslabs.com/.

Except for historical information contained in this release, statements in this release, including those by Mr. Gharapetian, may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.

SRS Labs, Inc. Contact: Investor Relations Contact: Michael Bingham, PR Manager Matt Glover, Liolios Group, Inc. 949-442-5582 949-574-3860 michaelb@srslabs.com info@liolios.com Twitter: @SRSLabs

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PRN Photo Desk, photodesk@prnewswire.com SRS Labs, Inc.

CONTACT: Michael Bingham, PR Manager of SRS Labs, Inc., +1-949-442-5582,
michaelb@srslabs.com; or Investor Relations, Matt Glover of Liolios Group,
Inc., +1-949-574-3860, info@liolios.com, for SRS Labs, Inc.

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

Verizon and Kaplen JCC on the Palisades Team Up to Promote Internet Safety for Adults Aged 50 and OlderVerizon Officials, New Jersey State Legislators Offer Internet Safety Tips

TENAFLY, N.J., July 10 /PRNewswire/ -- Verizon and Kaplen JCC on the Palisades teamed up Friday (July 10) to promote Internet safety for adults aged 50 and older. New Jersey state legislators from Bergen County participated with Verizon officials in a forum on Internet Safety that was held at the Kaplen JCC on the Palisades in Tenafly.

"Providing a safe online environment for New Jersey families, particularly those with older adults, is a priority for Verizon," said Dennis Bone, president, Verizon New Jersey. "We are proud to partner with the Kaplen JCC on the Palisades, SeniorNet and area legislators to bring this valuable information to the community and to help ensure that seniors have enjoyable online experiences."

The legislators, Assemblywoman Valerie Huttle and Assemblyman Gordon Johnson, spoke about their commitment to Internet safety, particularly for New Jersey seniors.

"This forum on Internet safety is a clear example of how policy makers can help make using the Internet an enjoyable and worthwhile experience," said Johnson. "As technology advances, we must continually look for new ways to ensure the Internet is an educational, entertaining and successful tool for all who use it."

Hutton said: "In this age of technology, when seniors are using the Internet more than ever, it's critical for us to have safeguards that protect them. Information is key as we work to provide seniors with knowledge and tools so that they and their families can use the Internet safely, securely and with complete confidence."

Thomas Dailey, vice president and deputy general counsel for Verizon, gave a presentation on how seniors can safely take advantage of all the benefits of broadband and the Internet. He highlighted the online risks facing seniors today, and the ways to help avoid falling victim to Internet scams and other dangers.

Said Dailey: "The Internet is a fantastic place to learn, communicate, meet people, shop, bank, play and do so much more. But as wonderful as the Internet is, the fact is that on occasion people have their identities stolen, fall victim to fraud, or place themselves or their families at risk -- almost always through inadvertence or lack of appreciation of the danger's warning signs. The good news is that by following a few simple, common-sense rules, you can greatly reduce the risk of bad things happening."

Verizon is engaged in Internet safety on multiple fronts. The company provides customers with an industry-leading slate of online cyber-security tools and education programs to empower all users. Verizon offers a suite of computer security programs that can help keep consumers keep their computers, information and families safe from online threats, including viruses and spyware. Those resources and others, including free parental controls, can be found at http://parentalcenter.verizon.radialpoint.net/.

"Broadband technology provides connectivity and entertainment for many New Jersey families and seniors, but the challenge is having peace of mind while exploring the limitless possibilities of the digital world," said Bone. "Verizon's technology delivers innovative tools that allow seniors and their families to create the digital experience they need to feel safe and secure."

Another state legislator from Bergen County, Sen. Loretta Weinberg, said in a statement: "Making sure my constituents are safe when they are using the Internet is an important priority for me. The Internet has revolutionized the way people communicate. It has also spawned security risks that didn't exist 20 years ago. Seniors are particularly vulnerable to Internet security fraud, and we must make sure they have knowledge and the tools to protect themselves against Web predators."

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: Rich Young of Verizon, +1-973-649-2279,
richard.j.young@verizon.com

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

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

WD(R) Sets July 28 for Fourth Quarter Fiscal 2009 Financial Results Conference Call and Webcast

LAKE FOREST, Calif., July 10 /PRNewswire-FirstCall/ -- Western Digital Corp. today announced that the company will release its financial results for the fourth fiscal quarter ended July 3, 2009, after the close of market on the NYSE on Tuesday, July 28, 2009. The investment community conference call to discuss these results will be broadcast live over the Internet that day at 2 p.m. Pacific/5 p.m. Eastern. The call will be accessible live and on an archived basis via the link below:

Audio Webcast: http://www.westerndigital.com/investor Click on "Conference Calls" Telephone Replay: 888-568-0383 (toll-free) +1-203-369-3915 (international) About WD

WD, one of the storage industry's pioneers and long-time leaders, provides products and services for people and organizations that collect, manage and use digital information. The company designs and produces reliable, high-performance hard drives and solid state drives that keep users' data accessible and secure from loss. Its advanced technologies are configured into applications for client and enterprise computing, embedded systems and consumer electronics, as well as its own consumer storage and media products.

WD was founded in 1970. The company's storage products are marketed to leading OEMs, systems manufacturers, selected resellers and retailers under the Western Digital(R) and WD brand names. Visit the Investor section of the company's Web site (http://www.westerndigital.com/) to access a variety of financial and investor information.

Western Digital, WD, and the WD logo are registered trademarks of Western Digital Technologies, Inc. All other trademarks mentioned herein belong to their respective owners.

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PRN Photo Desk, photodesk@prnewswire.com Western Digital Corp.

CONTACT: Bob Blair, Investor Relations, +1-949-672-7834,
robert.blair@wdc.com, or Steve Shattuck, Public Relations, +1-949-672-7817,
steve.shattuck@wdc.com, both of Western Digital Corp.

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

Lockheed Martin Unit Achieves CMMI(R) Maturity Level 5Rating Reflects Disciplined, Proven Processes for Developing Complex Systems

Herndon, Va., July 10 /PRNewswire/ -- A Lockheed Martin business unit has earned a top rating for the quality and maturity of its processes for developing and managing highly-complex technology systems. The company's Information Systems & Global Services - Intelligence product line achieved a Maturity Level 5 rating during its recent appraisal against the Capability Maturity Model(R) Integration for Development, or CMMI-DEV.

"Our customers rely on us to deliver highly advanced information technology systems that are both innovative and rock-solid reliable," said Mike Thomas, President of IS&GS-Intelligence. "Meeting that challenge starts with a mature and disciplined set of processes that help us manage all of the moving pieces in a major system development program. This rating demonstrates not only that we have the right processes in place, but also that we are continuously working to improve and innovate our processes to meet new and evolving challenges."

CMMI-DEV is a process improvement maturity model for the development of products and services. It consists of best practices that address development and maintenance activities that cover the product lifecycle from conception through delivery and maintenance. CMMI is managed by the Carnegie Mellon University's Software Engineering Institute, which is a federally funded research and development center sponsored by the U.S. Department of Defense.

IS&GS-Intelligence designs and integrates the complex, global systems that help its customers gather, analyze and securely distribute critical intelligence data. The organization also provides highly skilled professionals who deliver a wide range of support to government agencies, from mission and analytical specialists to IT and operational support staff.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

Capability Maturity Model(R) and CMMI(R) are registered trademarks of Carnegie Mellon University.

For additional information, visit our website: http://www.lockheedmartin.com/

Lockheed Martin

CONTACT: Media, Matt Kramer of Lockheed Martin, +1-703-466-2794,
matthew.s.kramer@lmco.com

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

Myerstown Residents Benefit from Verizon Wireless 3G Network ExpansionNew Cell Site Added to Keep Residents Connected to Text, Email, Music and Mobile Web

MYERSTOWN, Pa., July 10 /PRNewswire/ -- Wireless calling, text messaging and surfing the Mobile Web on the Verizon Wireless high-speed 3G network will be easier and faster for Lebanon County residents and visitors this summer, thanks to the activation of a new cell site in Myerstown.

The new site increases coverage and capacity in the area surrounding the intersection of Deck Road and Teen Challenge Road, along Routes 501 and 645 and portions of Route 422.

With the improved network coverage, customers can use their wireless devices to send and receive email and text, picture and video messages; view high-quality videos; and access VZ Navigator's turn-by-turn directions, while enjoying clearer reception and fewer dropped calls. The Verizon Wireless network also is built for reliability during emergencies, such as power outages and extreme weather conditions, with redundancy capabilities in place to maintain service for customers when they need it the most.

These network enhancements are part of Verizon Wireless' aggressive multi-billion dollar network investment each year to stay ahead of the growing demand for the company's voice and data services. Verizon Wireless spent more than $200 million to enhance services and coverage across central, northeastern and southeastern Pennsylvania, southern New Jersey and Delaware in 2008, bringing the network investment in the region to more than $1.3 billion since 2001.

"We've always believed even the most advanced cell phone is only as good as the network it runs on," said Christine Baron, regional president. "Our 3G high-speed Mobile Broadband network is the largest and most reliable in the United States, and field tests are underway that will enable us to become the first wireless company to offer commercial LTE (Long Term Evolution)-based 4G service in the U.S., starting in 2010."

Demand for Verizon Wireless services continued during the first quarter of 2009 when the company reported a total of 86.6 million customers, an increase of 28.8 percent year over year. The company continues to lead the industry in customer loyalty rates and, for the sixth consecutive year, also led the industry in customer satisfaction in the American Customer Satisfaction Index (ACSI) survey.

During the first quarter, Verizon Wireless customers sent or received an average of 1.4 billion text messages each day, totaling more than 127 billion text messages. Customers also sent nearly 2.1 billion picture/video messages and completed 48.6 million music and video downloads during the quarter.

Nationally, Verizon Wireless' real-life test men and women drive more than 90 specially-equipped vehicles nearly one million miles each year on the country's most frequently traveled roadways to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

For more information on Verizon Wireless, please visit http://www.verizonwireless.com/.

About Verizon Wireless

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

Verizon Wireless

CONTACT: Natalie Neyer, +1-717-231-5331, or, Sheldon Jones,
+1-215-638-5668, both for Verizon Wireless

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

NI Technology Research Updates Outlooks for Micron, SanDisk, Advanced Micro Devices, Atmel and Lattice Semiconductor

PRINCETON, N.J., July 10 /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 Micron , SanDisk , Advanced Micro Devices , Atmel and Lattice Semiconductor .

Editor Paul McWilliams has helped his subscribers generate huge returns on undervalued tech stocks in 2009. Out of the 80 stocks highlighted in his Undervalued Tech Stocks reports, 21 have produced returns in excess of 70% year to date. All of these were ranked as either good "strategic" or "speculative" buys. The average return for all stocks ranked as either "speculative" or "strategic" buys was 40.7%, better than twice the return of stocks he thought readers should avoid.

McWilliams now turns his attention to his quarterly State of Tech reports. In this exclusive series of reports, McWilliams offers data, charts, and analysis that illustrate important tech paradigms and highlight important trends that will move stocks during the upcoming quarter.

To read McWilliams' State of Tech series that is designed to prepare investors for the July earnings season, 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=prn847

McWilliams covers these topics and more in his most recent State of Tech report:

-- The price of SanDisk has moved up 34% since McWilliams advised readers it was a buy. Does he think this is just the start or that it's time to take some profits?

-- McWilliams suggested that readers buy Micron in March in the mid-$3 range and then that they hedge the investment in April by selling covered calls. He now suggests that readers buy cover for the covered calls and pocket a 33% a quick 35% profit. Why is he suggesting this strategy? What is his price target for Micron?

-- What factors are likely to spur a short-term pop in the price of AMD? Why should AMD investors be concerned about dilution in the longer term?

-- Could Atmel jump 15% or more following its upcoming earnings report? What possible M&A strategy should Atmel investors look for as a possible buy signal?

-- What are the two (and only two) reasons why McWilliams rates Lattice Semi as a "speculative" buy? What would fuel possible returns of "a couple hundred percent or more" from Lattice Semi's current price?

Founded in September 2002, Next Inning's model portfolio has returned 158% since its inception versus -2% 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 30+ 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/

Herley Industries, Inc. Announces a News Conference

LANCASTER, Pa., July 10 /PRNewswire-FirstCall/ -- Herley Industries, Inc. announced that it will host a News Conference on July 22, 2009 in New York City.

Myron Levy, Chairman and CEO stated, "We have previously advised our shareholders that Herley's Board of Directors was reviewing strategic alternatives to enhance shareholder value. The Board of Directors has undertaken a comprehensive review of the Company and is considering a new direction which it believes can cause the company to achieve sustained growth and increased profitability.

By the date of the conference, the Board will have completed its review and will share its decisions with interested parties. Interested parties are encouraged to listen to the simultaneous webcast of the event at 4:30 PM on July 22, 2009 over the Internet through this URL:

http://www.videonewswire.com/event.asp?id=60271

To listen to the live webcast, please go to the Web site at least fifteen minutes prior to the start of the webcast to register, download, and install any necessary audio software. For those who are not available to listen to the live broadcast, a replay will be available shortly after the conference on the site and will be available for seven days.

Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at http://www.herley.com/.

For information at Herley contact: Tel: (717) 735-8117 Peg Guzzetti http://www.herley.com/ Investor Relations

Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. Forward-looking statements involve various important assumptions, risks, uncertainties and other factors which could cause our actual results to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this discussion can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "plan," "intend," "may," "should" or the negative of these terms or similar expressions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance or achievement. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors including but not limited to, competitive factors and pricing pressures, changes in legal and regulatory requirements, cancellation or deferral of customer orders, technological change or difficulties, difficulties in the timely development of new products, difficulties in manufacturing, commercialization and trade difficulties and current economic conditions, including the potential for significant changes in US defense spending under the new Administration which could affect future funding of programs and allocations within the budget to various programs as well as the factors set forth in this report and in our public filings with the Securities and Exchange Commission.

Herley Industries, Inc.

CONTACT: Peg Guzzetti, Investor Relations of Herley Industries, Inc.,
+1-717-735-8117

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

AT&T Study: For Baltimore- and DC-Area Businesses, Business Continuity Planning a Serious PriorityAT&T Conducts Its Largest Network Disaster Recovery Exercise in Washington, D.C.

WASHINGTON, July 10 /PRNewswire-FirstCall/ -- The results of a study recently announced by AT&T* indicate that local businesses are preparing for unforeseen business disruptions, from natural disasters to terrorist attacks and cyber security threats, by taking proactive measures to protect their operations.

According to the survey of 101 Information Technology (IT) executives at companies with at least $25M in revenue in the Baltimore/Washington, D.C. metropolitan areas, business continuity planning is seen as a "priority" by three-fourths of local executives, with the majority (79 percent) indicating they currently have a plan in place. Approximately one-third indicate it has become a priority in recent years due to cyber security concerns, natural disasters and terrorist threats.

Key Findings of the 2009 AT&T Business Continuity Study in DC/Baltimore: -- Businesses are increasingly focused on mobility. Six out of 10 companies (60 percent) now include wireless network capabilities as part of their continuity plans. -- Businesses are concerned with the potential vulnerability of mobile networks, social networking and hacking. While there is an obvious, increased demand for wireless network capabilities, three out of four executives remain concerned about the vulnerability of mobile networks and devices. Additionally, 80 percent of executives feel an added pressure with the pervasive use of social networking and its potential impact on security. However, hacking still continues to be listed as the biggest security risk to companies, compared to other threats. -- Disruptions from natural disasters have led businesses to take proactive actions. About one-third of the surveyed companies said they have experienced a natural or man-made disaster that affected IT operations. As part of a business continuity plan, the majority of executives (65 percent) indicated their companies now implement specific protective actions when the federal or state government issues an alert for an impending disaster. -- While budgets may be decreasing, investment in new technologies continues. Despite the challenges of today's economy, the survey found the majority of companies (66 percent) are continuing to invest in new technologies in 2009, many of which support these efforts. -- Continuity plans now include special arrangements for communicating with employees. In the event of disaster, the vast majority indicate that they have special arrangements for communicating with key executives (85 percent), e-mail or text messaging to reach employees outside of work (87 percent), and systems in place for employees to work from home or remote locations (76 percent).

"With the ongoing reliance on technology and always-evolving list of potential network threats, many local businesses not only recognize the importance of continuity planning but are taking action to ensure that their operations are never interrupted, even in the event of a major security breach or unexpected disaster," said Anthony Leggio, regional vice president, Global Enterprise Solutions, AT&T. "Businesses must remain vigilant about continuity planning and also have their plans tested and updated to help ensure they are fully prepared to restore key processes and operations at times when it is needed most."

AT&T conducts Network Disaster Recovery (NDR) exercises several times a year. On July 14-16, AT&T will conduct its largest exercise to date at the Robert F. Kennedy Memorial Stadium in Washington, D.C. These events are designed to test, refine and strengthen AT&T's business continuity and disaster recovery services in order to minimize network downtime.

The NDR exercise in Washington, D.C., includes an extensive deployment of network recovery equipment. The AT&T NDR team will bring more than 35 self-contained equipment-trailers and wireless, satellite and hazmat vehicles that will participate in the exercise. The AT&T NDR program includes specially trained managers, engineers and technicians from across the United States, as well as a fleet of more than 300 self-contained equipment trailers and support vehicles that house the same equipment and components as an AT&T data-routing or voice-switching center.

AT&T offers a wide array of business continuity services, encompassing disaster planning, risk management, recovery preparedness and communications readiness. AT&T's suites of wireless applications and solutions, hosting and application services, and security and business continuity services help assess vulnerabilities, secure data and infrastructure, detect attacks, respond to suspicious activities, and provide for continuous operations. AT&T's Hosting and Application Services are comprehensive, providing enterprises with managed hosting, security and application management solutions to address risk mitigation, a full continuum of utility computing, cloud and storage solutions, high-availability network solutions. To support regional hosted, business continuity and disaster recovery solutions, AT&T utilizes Internet Data Centers (IDC) in Ashburn, Va., and Annapolis, Md., among the 38 IDCS offered throughout the world.

In addition, AT&T's wide variety of wireless solutions can be deployed on virtually any device, from any location for remote and immediate connectivity, including asset tracking, movement of people, resources or equipment in disaster evacuation or re-establishing enterprise processes at off-site locations.

For more information on the AT&T 2009 Business Continuity Study including the complete research results, visit http://www.att.com/businesscontinuity-news.

Study Methodology

The 2009 AT&T Business Continuity Study results are based on an online survey of 101 IT executives in the Washington, DC/Baltimore metropolitan area. The study was conducted by e-Rewards Market Research with companies having total revenues of more than $25 million in the Washington, DC/Baltimore designated market area. Interviews were conducted Feb. 9-12, 2009.

*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/.

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: Alyson Cavalere of AT&T Corporate Communications,
+1-617-267-8223, acavalere@attnews.us

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

Tucows Announces Preliminary Results of Second Dutch Auction Tender Offer

TORONTO, July 10 /PRNewswire-FirstCall/ -- Tucows Inc. a global provider of domain names, email and other Internet services, announced today the preliminary results of its modified Dutch auction tender offer, which expired at 5:00 p.m., New York City time, on July 9, 2009. Tucows expects to purchase 1,115,000 shares of its Common Stock at a purchase price of $0.45 per share, for a total of $501,750. The 1,115,000 shares expected to be purchased are comprised of the 1,000,000 share Tucows offered to purchase and 115,000 shares to be purchased pursuant to Tucows right to purchase up to an additional 2% of the shares outstanding immediately prior to the commencement of the tender offer. Due to oversubscription, Tucows expects the final proration factor for shares tendered at or below $0.45 per share to be approximately 99.8%. For this purpose, shares tendered at or below $0.45 per share will include shares tendered by those persons who indicated, in their letter of transmittal, that they are willing to accept the price determined in the offer. All shares purchased in the tender offer will receive the same price.

The price per share and the proration factor are preliminary and subject to verification by StockTrans, Inc., the depositary for the tender offer. The actual price per share and the proration factor will be announced promptly following completion of the verification process. After the determination of the actual price per share and the proration factor, the depositary will issue payment for the shares accepted under the tender offer and return all shares not accepted.

Tucows commenced the tender offer on May 26, 2009, when it offered to purchase up to 4,000,000 shares of its Common Stock at a price between $0.36 and $0.45 per share, net to the seller in cash, without interest. On June 24, the Company reduced the amount of Common Stock that it was offering to repurchase under the offer to 1,000,000 shares and extended the offer to July 9, 2009.

As a result of the completion of the tender offer, Tucows expects to have 67,742,321 shares issued and outstanding as of the time immediately following payment for the tendered shares.

About Tucows

Tucows is a global Internet services company. OpenSRS manages over 8 million domain names and millions of email boxes through a reseller network of over 9,000 web hosts and ISPs. Hover is the easiest way for individuals and small businesses to manage their domain names and email addresses. YummyNames owns premium domain names that generate revenue through advertising or resale. Butterscotch.com is an online video network building on the foundation of Tucows.com. More information can be found at http://tucowsinc.com/.

This news release contains, in addition to historical information, forward-looking statements relating to the price per share at which Tucows will purchase shares, the proration factor and the repurchase of additional shares of Tucows common stock. Such statements are based on management's current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows' business, results of operations and financial condition is included in the Risk Factors sections of Tucows' filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document, and Tucows assumes no obligation to update such forward-looking statements.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Tucows Inc.

CONTACT: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416)
815-0700 ext. 257, lchamberlain@equicomgroup.com

Target Has Students Covered with All of the Latest Back-to-School and Back-to-College TrendsExclusive Designer Collections, Wide Product Assortment and Affordable Prices are Ideal for Budget-Conscious Families

MINNEAPOLIS, July 10 /PRNewswire-FirstCall/ -- Families everywhere are gearing up for the busy Back-to-School and Back-to-College season. Target(R) makes it easy and affordable for students and their parents to buy all the must-haves before that first homeroom bell rings. From school supplies and trendy fashions, to high-design dorm room decor and high-tech gadgets, Target has the pulse on what's hot among today's style-conscious kids, teens and young adults as well as the right prices for their budget-minded parents.

"At Target we know that the Back-to-School and Back-to-College season can be hectic for families," says Kathee Tesija, executive vice president, Target. "We strive to make it easy for families by offering the convenience of one-stop shopping and a wide product assortment of affordably priced and stylish products that meet students' needs from kindergarten through college."

Target offers discerning students several exclusive collections across the school supplies, fashion and dorm design categories. Beginning this month, Italian artist and Tokidoki founder Simone Legno brings his cool, anime-inspired notebooks, binders, highlighters and backpacks to Target.

On the fashion front, boys and young men can get a fresh fall wardrobe at bargain prices with new designs from the Shaun White 4 Target collection. The recently launched Dror for Target(R) collection, a limited time only collection by famed designer Dror Benshetrit, offers a variety of multi-functional and space-saving solutions for dorms sure to get straight "A"s from college co-eds.

In addition to exclusive designer collections, Target continues to offer a new and exciting range of products that will make a splash with students. Target trend-spotters have covered all of the bases from fashion to school supplies; and, thrifty parents can feel good about getting their kids the latest styles at prices that will not break the bank.

Back-to-School Trend Forecast Fashion

This fall children want clothing that reflects all of the latest trends. Girls want to dress up in zippered 80s style leggings and rock-inspired T-shirt and vest combos from Xhilaration(R), available for $8.99. Boys will channel workwear-inspired looks from Cherokee. Denim still reigns supreme in the hallways with embellishments and appliques for girls and vintage and distressed styles for boys from Mossimo(R) for Target(R), available from $12.99.

School Supplies, Organizational Tools & Backpacks

School supplies are reinterpreted this season with an eco-chic spin that is light on the planet and the wallet. Target carries adorable Ecogear Organic Cotton Ecozoo backpacks in animal shapes for the youngest students for $29.99 and totes made of reclaimed juice pouches for $9.99 for sophisticated tweens and teens.

Technology

Gadgets and the newest computer accoutrements are important for kids in and out of the classroom. Economical Microsoft computer accessories, available for under $20, help kids tackle their homework while Flip Mino HD video cameras and Skullcandy iPod docks bring technology and entertainment at kid-sized prices.

Gearing Up While Giving Back -- Take Charge of Education

In addition to providing Back-to-School necessities, Target helps ensure schools nationwide are financially able to offer students the best possible education. Take Charge of Education(R) is a school fundraising initiative that offers families, teachers and community members an easy way to designate an eligible K-12 school of their choice nationwide and have Target donate up to one percent of their REDcard(SM) purchases.

Subject to Take Charge of Education program rules. See Target.com/tcoe or call 1-800-316-6142 for details REDcard(SM): Target(R) Visa(R) Credit Card, Target Credit Card(SM) and Target Check Card(SM). Subject to application approval.

Back-to-College Trend Forecast

Undergraduates want to express their individuality, independence and fiscal smarts not only with their fashion but with their dorm decor as well. Target provides stylish solutions to make the most of small spaces and budgets in-store and online at Target.com.

Fashion

College students are looking for an eclectic mix when it comes to fashion this fall. Women on campus will turn heads in bold colors and graphic bohemian patterns on maxi dresses and tissue weight T-shirts, and young men will express their free spirits in western-style shirts and graphic hoodies, all from Mossimo for Target, available from $12.99 to $24.99. Students can live the athlete lifestyle with hooded sweatshirts, T-shirts and shorts from C9 by Champion(R).

Dorm Room Furniture & Accessories

Dorm rooms may be small, but co-eds are still looking to live large on a dime. This season students are after furniture and dorm accessories that pull double duty and stretch their decor dollars with chic, modern furniture, bedding and accessories from the Dror for Target collection and dual function pieces like sofa beds, fit for lounging and sleeping. Students can also shop Target.com for extended lines of Back-to-College bedding with prices under $30.

Gadgets & Appliances

Today, dorm rooms double as kitchens, offices and recreation rooms. Students can make the most of a small space with just a few essential gadgets and appliances. A Kalorik Sunny Morning 10-cup coffee maker for $24.99 means plenty of fuel for late night study sessions. After all of the papers are written and exams are handed in, roommates can score cheap thrills watching blockbuster hits on a compact Sceptre Naga 23-inch flat screen television for $299.99

Beauty & Basics

This year, parents and their college-bound freshman will continue to look for ways to save money, especially on everyday beauty and cleaning products. Inspired by tabloid journalism, the Soap & Glory, bath, body and beauty collection, available exclusively at Target, is the go-to budget solution for students looking to have fun while they pamper.

Teens can get all of the latest fashion-inspired makeup looks for less with Target prestige beauty collections JK Jemma Kidd, NP Set and Pixi by Petra as well as tools and makeup from the exclusive Sonia Kashuk Beauty line. Further savings can be found throughout the store with the new private label up & up brand. Phasing into stores and Target.com through late September, the line features nearly 800 products spanning more than 40 categories including healthcare, beauty and cleaning. Students can count on up & up to provide exceptional values on everything from shampoo and conditioner to laundry detergent and trash bags.

Conquering the Back-to-School To-Do List -- TargetLists(SM)

Making a smooth transition to school and college is a trend that never goes out of style. To simplify Back-to-School and Back-to-College shopping, Target offers TargetLists, a multi-occasion gift and shopping list-making tool designed to make shopping fun and efficient. Using in-store kiosks or accessing online at Target.com/targetlists, students and parents can browse products, create Back-to-School lists, add items and share lists with family and friends. These lists allow parents and students to organize their needs ensuring that they stay on track and on budget.

Learn more about Back-to-School and Back-to-College offerings at Target.com/kids and Target.com/college.

About Target

Minneapolis-based Target Corporation serves guests at 1,699 stores nationwide and at Target.com. Target is committed to providing a fun and convenient shopping experience with access to unique and highly differentiated products at affordable prices. Since 1946, the corporation has given 5 percent of its income through community grants and programs like Take Charge of Education. Today, that giving equals more than $3 million a week.

Target

CONTACT: Jeremy Berger of Kaplow, +1-212-221-1713; or Target
Communications, +1-612-696-3400

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

ARCADIS Finalizes Merger With Malcolm Pirnie, Becoming a Major Player in Global Water Market

DENVER, July 10 /PRNewswire-FirstCall/ -- ARCADIS (EURONEXT: ARCAD), the international consultancy, design, engineering and management services company, has finalized the previously announced merger with Malcolm Pirnie, the White Plains, New York based company active in water and environmental consulting and engineering. All internal shareholders, representing 100% of the share capital of Malcolm Pirnie, voted in favor of the merger, showing that this major step is fully supported by management and senior staff of the company. Malcolm Pirnie, now a wholly-owned subsidiary of ARCADIS U.S., has more than 1,700 employees with 2008 gross revenues of $392 million (euro 280 million). The financial terms of the transaction were disclosed on June 25, 2009 and can be found on the investors and press section of ARCADIS' website at http://www.arcadis-global.com/.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090710/LA44654LOGO)

Commenting on the merger, ARCADIS CEO Harrie Noy said: "I am very pleased with the acceptance of our merger offer by all of the Malcolm Pirnie shareholders. This step makes us a major player in the highly attractive global water market and strongly enhances our position in infrastructure and environment, while providing a better balance in our public and private sector client mix in the U.S. In addition, we expect significant business and operational synergies. I wholeheartedly welcome the Malcolm Pirnie people to ARCADIS and feel excited about the increased opportunities created by our combined future."

William P. Dee, President & CEO of Malcolm Pirnie added: "The broad support among our shareholders and staff signifies the strategic relevance of this bold step. By joining ARCADIS we create a world leader in water-related consulting and engineering services, with a global platform that allows us to expand our services internationally. Broadening our services and geography fits very well with our philosophy of 'clients first' and greatly enhances opportunities for our staff. We look forward to working with the people of ARCADIS to create solutions for life, here - and throughout the world."

About ARCADIS

ARCADIS is an international company providing consultancy, design, engineering and management services in infrastructure, environment and buildings, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 13,500 employees and over $2 billion in gross revenues, the company has an extensive international network that is supported by strong local market positions. Visit us on the internet: http://www.arcadis-us.com/

About Malcolm Pirnie

Malcolm Pirnie Inc, is a century -old environmental consulting firm, provides governmental and industrial clients with comprehensive services in water and wastewater engineering, solid and hazardous waste management, environmental sciences and, through its Red Oak Consulting Division, a wide range of management and IT consulting services. With a diversified staff of over 1,700 engineers, scientists and consultants in 60+ offices, Pirnie has won over 200 professional awards for project excellence. For more information visit http://www.pirnie.com/.

Photo: http://www.newscom.com/cgi-bin/prnh/20090710/LA44654LOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com ARCADIS

CONTACT: Jeanna Blatt of ARCADIS, +1-303-471-3485, or outside office
hours, +1-303-910-6504, Jeanna.blatt@arcadis-us.com

Web Site: http://www.arcadis-us.com/

Open Text to Report Fourth Quarter and Fiscal Year-End 2009 Financial Results on Thursday, August 20, 2009

WATERLOO, ON, July 10 /PRNewswire-FirstCall/ -- Open Text(TM) Corporation (TSX:OTC), the leading independent provider of Enterprise Content Management (ECM) software, today announced that financial results for its fourth quarter and fiscal year-end 2009 will be released on Thursday, August 20, 2009 at approximately 4:00 p.m. ET.

Teleconference Call

Open Text will host a conference call on August 20, 2009 at 5:00 p.m. ET to discuss its final financial results.

Date: Thursday, August 20, 2009 Time: 5:00 p.m. ET/2:00 p.m. PT Length: 60 minutes Where: 416-644-3415 800-733-7571 (Toll Free)

Please dial-in approximately 10 minutes before the teleconference is scheduled to begin. A replay of the call will be available beginning August 20, 2009 at 7:00 p.m. ET through 11:59 p.m. on September 3, 2009 and can be accessed by dialing 416-640-1917 and using passcode 21310608 followed by the number sign.

For more information or to listen to the call via Web cast, please use the following link: http://www.opentext.com/2/investors/ir-events.htm.

About Open Text

Open Text(TM) is the world's largest independent provider of Enterprise Content Management (ECM) software. The Company's solutions manage information for all types of business, compliance and industry requirements in the world's largest companies, government agencies and professional service firms. Open Text supports approximately 46,000 customers and millions of users in 114 countries and 12 languages. For more information about Open Text, visit http://www.opentext.com/.

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

This news release may contain forward-looking statements relating to the timing of announcing financial results which is subject to the risks and assumptions contained herein. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, a possible change of reporting dates due to a delay in finalizing financial results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2008 and Form 10-Q for the quarters ended September 30, 2008, December 31, 2008 and March 31, 2009. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.

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

Open Text Corporation

CONTACT: Paul McFeeters, Chief Financial Officer, Open Text Corporation,
(905) 762-6121, pmcfeeters@opentext.com; Greg Secord, Vice President, Investor
Relations, Open Text Corporation, (519) 888-7111 ext. 2408,
gsecord@opentext.com

Mahindra Satyam Allots Shares to Venturbay

NEW DELHI, July 10 /PRNewswire-FirstCall/ -- Mahindra Satyam (the new brand identity of Satyam Computer Services Ltd. - NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the "Company" or "Satyam"), announced today that its board of directors ("Board") had allotted 19,86,58,498 (Nineteen Crores Eight-Six Lakhs Fifty-Eight Thousand Four Hundred and Ninety-Eight Only) shares of the Company (the "Additional Shares") to Venturbay Consultants Private Limited ("Venturbay"), a subsidiary controlled by Tech Mahindra Limited ("Tech Mahindra"). Following the allotment of the Additional Shares, the outstanding share capital of Satyam is 1,175,455,935 equity shares (including equity shares underlying ADSs) and Venturbay holds approximately 43% of the outstanding share capital.

As stated in the press release dated July 08, 2009, the allotment of the Additional Shares to Venturbay was subject to (i) Venturbay transferring the subscription amount aggregating to Rs. 11,52,21,92,884/-(approximately US$ 230 million based on an exchange rate of Rs. 50 to US$1) ("Subscription Amount") from the public offer escrow account to Satyam's account; and (ii) fulfillment of certain closing conditions, including receipt of in-principle approvals from the stock exchanges.

The Subscription Amount has been deposited in the Company's account and the Company expects to use such funds for its general corporate purposes. In addition, the Company also received in-principle approvals of the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on July 9, 2009. Since the conditions to the allotment of the Additional Shares were satisfied, the Board passed a resolution to allot the Additional Shares to Venturbay.

About Mahindra Satyam

Mahindra Satyam (the new brand identity of Satyam Computer Services Ltd. - NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in numerous industries across the globe. Mahindra Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.

Mahindra Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations.

About Tech Mahindra

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry, majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc. With total revenues of Rs 4464.7 crores in the year ended March 31, 2009, Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators. Tech Mahindra solutions enable clients to maximize returns on IT investment by achieving fast time to market, reduced total cost of ownership and high customer satisfaction. Tech Mahindra achieves this through its domain and process expertise, distinctive IT skills, research and development, proven innovative delivery models and approach to off shoring.

Assessed at SEI-CMMi Level 5 and PCMM Level 5, Tech Mahindra's track record for value-delivery is supported by 25000 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets. Its development centres are ISO 9001:2000 & BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan, Malaysia, Philippines, Canada & Australia.

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. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Mahindra Satyam undertakes no duty to update any forward-looking statements.

Satyam Computer Services Ltd.

CONTACT: Media Relations of Satyam Computer Services Ltd.,
MediaRelations@Satyam.com

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

U.S. Army Awards Javelin Joint Venture Five-Year $298.6 Million Support Contract

TUCSON, Ariz., July 10, 2009 /PRNewswire/ -- The U.S. Army selected the Raytheon Company -Lockheed Martin Javelin Joint Venture to provide life-cycle contract support for the Javelin anti-tank missile and command launch unit.

The five-year $298.6 million contract has a fiscal year 2009 funded value of $34.9 million. It requires the Javelin Joint Venture to provide the U.S. Army with depot spares, repair support, training and data.

"The Javelin Joint Venture is focused on our customer needs throughout the product life cycle," said Duane Gooden, Raytheon's Javelin program director and president of the Javelin Joint Venture. "We are extending the lifetime of our products through upgrades, while supporting the warfighter with training services and technical support."

Javelin is the world's first man-portable, fire-and-forget, medium-range missile system. The compact, lightweight missile is designed for one-soldier operations in all environments.

"The Javelin life-cycle contract support team continues to provide exceptional support to our warfighters with amazing turnaround time for hardware returned for repair or upgrade," said Barry James, vice president of the Javelin Joint Venture. "The team has been able to coordinate shipments in and out of theater to the repair facility and back to the front line in a matter of days. We are committed to providing world-class focused support to ensure combat readiness."

Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.

Contacts: Lockheed Martin Raytheon Heather Kelly Jaclyn Gutmann 407.356.5351 520.545.8428 Jaclyn_E_Gutmann@raytheon.com

Raytheon Company

CONTACT: Heather Kelly of Lockheed Martin, +1-407-356-5351, or Jaclyn
Gutmann of Raytheon, +1-520-545-8428, Jaclyn_E_Gutmann@raytheon.com

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

Company News On-Call: http://www.prnewswire.com/comp/149999.html
http://www.prnewswire.com/comp/742575 .html

CareFusion to Resume Shipping Alaris(R) Infusion Products

SAN DIEGO, July 10 /PRNewswire/ -- CareFusion Corporation, the company that will become public from the planned spinoff of Cardinal Health's clinical and medical products businesses, today announced it will immediately resume customer implementations of its Alaris(R) PC units and PCA (Patient Controlled Analgesia) modules following a shipping hold announced in March.

The company is ready to resume shipments following 510(k) clearance from the Food and Drug Administration (FDA) for a software correction that will be implemented on new Alaris PC units.

"The 510(k) clearance for our software correction is another important milestone in our continued progress under the amended consent decree," said Dwight Winstead, chief operating officer of CareFusion. "We will continue to work closely with the FDA to fulfill all of our obligations under the amended consent decree and execute within our new quality system to manufacture products that are among the safest in the industry."

The 510(k) clearance follows FDA acceptance of the company's corrective action plan for field remediation of its infusion pumps that was announced on June 9. For Alaris PC units already with customers, CareFusion will begin implementing the software correction as part of this corrective action plan.

About CareFusion Corporation

CareFusion Corporation, a wholly owned subsidiary of Cardinal Health , is expected to become a public company from the planned spinoff of Cardinal Health's clinical and medical products businesses. The global company serves the health care industry with products and services that help hospitals measurably improve the safety and quality of health care. CareFusion develops market-leading technologies including Alaris(R) IV pumps, Pyxis(R) automated dispensing and patient identification systems, AVEA and Pulmonetic Systems ventilation and respiratory products, ChloraPrep(R) and MedMined(TM) services for infection prevention, neurological monitoring and diagnostic products, V. Mueller(R) surgical instruments, and an extensive line of products that support interventional medicine.

CareFusion employs more than 15,000 people across its global operations and serves customers in 120 countries. The company has applied to have its shares of common stock listed on the New York Stock Exchange under the ticker symbol "CFN." More information may be found at http://www.carefusion.com/.

Cautions Concerning Forward-Looking Statements

This news release contains forward-looking statements addressing the planned spinoff of Cardinal Health's clinical and medical products businesses as a separate company named CareFusion Corporation, which is dependent upon future events or developments. These matters are subject to risks and uncertainties that could cause actual events (including the planned spinoff) and results to differ materially from those projected, anticipated or implied. These risks and uncertainties include uncertainties regarding the planned spinoff of CareFusion, including the timing and terms of any such spinoff and whether such spinoff will be completed as it is subject to a number of conditions. In addition, Cardinal Health and CareFusion are subject to additional risks and uncertainties described in CareFusion's Form 10, as amended, and Cardinal Health's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports) and exhibits to those reports. Except to the extent required by applicable law, Cardinal Health and CareFusion undertake no obligation to update or revise any forward-looking statement.

CareFusion Corporation

CONTACT: Media, Jim Mazzola, +1-858-617-1203,
jim.mazzola@carefusion.com, or Investors, Carol Cox, +1-858-617-2020,
carol.cox@carefusion.com, both of CareFusion Corporation

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

Patriot Scientific Corporation Announces Baroni Management Company Engaged for Strategic Assessment

CARLSBAD, Calif., July 10 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (BULLETIN BOARD: PTSC) announced today that Baroni Management Company LLC of Potomac, Maryland has been retained by the Audit Committee of Patriot's Board of Directors to prepare a strategic assessment of the operations of Patriot's wholly owned subsidiary Patriot Data Solutions Group, Inc. ("PDSG").

The project will be conducted under the direction of Greg Baroni. Previously, Mr. Baroni served as a corporate senior vice president of Unisys. He most recently served as the president of Federal Systems, which provides a wide array of services to companies participating in the highly competitive federal marketplace. Before joining Unisys, Mr. Baroni spent almost 20 years at KPMG, LLP/KPMG Consulting, where his last position was as a senior vice president in KPMG Consulting's Public Service practice, which services governmental, educational, healthcare, and educational institutions. In this capacity he worked with numerous organizations in critical enterprise transformation areas, such as enterprise-wide packaged solutions and business process outsourcing. In 2005, Mr. Baroni was named by Consulting Magazine as one of the 25 most influential consultants. In 2004, he was named by Federal Computer Week as a Federal 100 winner for leading the Unisys team which developed the information technology infrastructure of the Transportation Security Administration ("TSA"). In 2003, FastCompany magazine recognized Mr. Baroni as one of the Fast50 for helping TSA build a new information technology infrastructure to improve security at commercial airports in the United States.

PDSG provides products and solutions that enhance the efficiency and effectiveness of mission-critical applications. PDSG's flagship product, the Crossflo DataExchange(R) solution, helps link systems together and facilitates secure data sharing for information exchange initiatives primarily in the healthcare, public safety, and justice markets. Crossflo DataExchange(R) has been designed to work with a number of national data sharing standards and protocols, including Health Level 7, the National Information Exchange Model, and the Global Justice XML Data Model. PDSG's technological innovation is backed by subject matter expertise and proven methodologies and facilitates the rapid exchange of data in mission-critical applications, such as clinical quality improvement and emergency services response management.

About Patriot Scientific

Headquartered in Carlsbad, California, Patriot Scientific Corporation provides data sharing and secure data solutions for a connected world. Patriot Scientific addresses the expanding market opportunities in the healthcare, justice and public safety industries through its wholly owned subsidiary Patriot Data Solutions Group, Inc. These growth activities are funded with revenues generated, in a large part, from the continuing successful Moore Microprocessor Patent(TM) Portfolio licensing partnership with The TPL Group. Patriot Scientific's integrated core intelligence solution addresses the critical data/information sharing needs of the healthcare industry, the Department of Homeland Security, the Department of Justice, and federal, state, and local public safety and law enforcement agencies. For more information on Patriot Scientific Corporation, visit: http://www.ptsc.com/.

Cautionary Statement Regarding Forward-Looking Information: This Press Release may contain forward-looking statements, within the meaning of the Private Securities Litigation Act of 1995. These statements are based on our current expectations and beliefs concerning future developments. There can be no assurance that the developments which actually occur will be those we currently anticipate. These forward-looking statements involve a number of risks, assumptions and uncertainties (many of which are not within our control), including those risks and uncertainties set forth in our filings with the Securities and Exchange Commission, which are publicly available and incorporated herein by this reference. These risks are not exhaustive, and new risks may emerge from time to time. These risks, alone or in combination with other factors, may cause actual results to vary from those anticipated in the forward-looking statements. Therefore, forward-looking statements should not be relied upon as predictions of future events. Moreover, we do not assume responsibility for the accuracy or completeness of the forward-looking statements, and, except as may be required by law, do not undertake to update or revise any forward-looking statements, even if future developments make it clear that the results contemplated by the forward-looking statements will not be realized.

CONTACT: Angela Hartley 760-547-2700 ext. 102

Patriot Scientific Corporation

CONTACT: Angela Hartley of Patriot Scientific Corporation,
+1-760-547-2700, ext. 102

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

Connectyx Looks to Establish Market Leadership with MedSync and MedFlash Product Line As Stated During Nationwide TeleconferenceCompany To Target Key Acquisitions and Solidify Distribution Channels to Increase Revenues

PALM CITY, Fla., July 10 /PRNewswire-FirstCall/ -- Connectyx Technologies Holdings Group, Inc. (Other OTC: CTYX) is pleased to announce that the Company is looking to establish itself as the market leader in the Electronic Personal Health Record (ePHR) Industry as stated by Connectyx CEO, Ronn Schuman during yesterday's Nationwide Teleconference. Mr. Schuman went on to state that Connectyx has set a goal to reach 1.2 million members by the end of 2011 through continually expanding its distribution channels and targeting key acquisitions in the second half of 2009. Michael Robbins, Vice President of Software Development, Dr. William E. Carlson, the Company's Chief Medical Officer and one of the members of the Board of Directors also participated in the teleconference.

In addition, Mr. Schuman also stated that MedFlash plans to integrate with Google Health and Microsoft Health Vault software solutions through the Company's upcoming release of its synchronization tool, MedSync(TM). Mr. Robbins went on to update listeners as to the development of MedSync(TM) which will enhance the member's ability to gather, store and securely distribute their medical data. The initial version of the MedSync software will be available at no cost to MedFlash members by the end of the summer. "The core of our ePHR is our secure database server where everything is stored, catalogued and retrieved. This includes the contents of member-uploaded files as well as any other data and information that members type in to the portal. We believe this gives Connectyx a competitive edge," stated Michael Robbins, Vice President of Software Development of Connectyx Technologies Holdings Group, Inc.

Dr. Carlson discussed how this is the ideal time for the Company to be introducing its products and services. "President Obama is focusing in on the conversion to electronic medical records as a multi-billion dollar cost savings that can lower overall medical costs, while helping to allow for coverage for those without medical insurance," stated Dr. William E. Carlson, Chief Medical Officer of Connectyx Technologies Holdings Group, Inc.

"We are pleased with the results Connectyx has achieved over the first six months of this year. The company increased revenues by 45% and reduced expenses by 20% in the second quarter of 2009 as compared to the same period of 2008. This is the second consecutive quarter in which the Company has substantially decreased expenses while growing revenues," said Ronn Schuman, Connectyx President and CEO.

An audio version of the Connectyx nationwide teleconference will be available today at http://www.connectyx.com/.

About Connectyx Technologies Holdings Group, Inc.

Connectyx Technologies provides products in the healthcare market, which includes its Personal Health Record, MedFlash. The MedFlash product is an easy to use Personal Health and Lifestyle Record & Portal that is USB flash drive enabled. MedFlash contains an emergency flash drive with a Web portal and 24/7 emergency call center access, which contains the owner's complete medical and key related information. Stored information on the MedFlash can be accessed on any computer, securely with complete privacy for the members. For more information, please visit http://www.connectyx.com/ and http://www.medflash.com/

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Connectyx Technologies Holdings Group, Inc.

CONTACT: Public Relations: Big Apple Consulting USA, for Connectyx
Technologies, +1-407-389-5900

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

VanceInfo Announces Pricing of Follow-on Public Offering of 5,429,565 ADSs

BEIJING, July 10 /PRNewswire-Asia/ -- VanceInfo Technologies Inc. ("VanceInfo"), an IT service provider and one of the leading offshore software development companies in China, today announced that its follow-on public offering of 5,429,565 American Depositary Shares ("ADSs"), each representing one ordinary share of VanceInfo, was priced at $11.00 per ADS. Of the ADSs to be sold in the offering, 300,000 ADSs will be sold by VanceInfo, and 5,129,565 ADSs will be sold by selling shareholders. In addition, the underwriters have been granted an option to purchase up to an additional 814,435 ADSs from VanceInfo and the selling shareholders, within 30 days from the date of the prospectus, to cover any over-allotments.

VanceInfo intends to use the net proceeds from the offering, after deducting underwriting discounts and offering expenses, for general corporate purposes. VanceInfo will not receive any of the proceeds from the sale of ADSs by the selling shareholders.

Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are serving as the joint bookrunners for this offering. Cowen and Company, Oppenheimer & Co. and Susquehanna Financial Group, LLLP are serving as co-managers.

The ADSs will be sold pursuant to an effective registration statement that has been previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction. The offering of the securities is made only by means of a prospectus, copies of which, when available, may be obtained from Citigroup Global Markets Inc., c/o Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone toll-free at (800) 831-9146; or from J.P. Morgan Securities Inc., National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, telephone collect at (718) 242-8002.

About VanceInfo

VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China.

VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, and globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan, and China, targeting high-growth industries such as technology, telecommunications, financial services, manufacturing, retail, and distribution.

Safe Harbor

This news release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, should, expects, anticipates, future, intends, plans, believes, estimates, and similar statements. Among other things, the management's quotations contain forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, the company's dependence on a limited number of clients for a significant portion of its revenues, the economic slowdown in its principal geographic markets, the quality and portfolio of its services lines and industry expertise, and the availability of a large talent pool in China and supply of qualified professionals, as well as the PRC government's investment in infrastructure construction and adoption of various incentives in the IT service industry. Further information regarding these and other risks is included in VanceInfo's filings with the U.S. Securities and Exchange Commission. All information provided in this news release and in the attachments is as of July 10, 2009, and VanceInfo does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

VanceInfo Technologies Inc.

CONTACT: Melissa Ning, Senior Director, Investor Relations, VanceInfo
Technologies Inc. at +86-10-8282-5330 or ir@vanceinfo.com

Tunisia Will be One of the Fastest-Growing Markets in AME, Reaching US$2.2 Billion in 2014, Says Pyramid

CAMBRIDGE, Massachusetts, July 10 /PRNewswire/ --

Tunisia's telecom market will be one of the fastest-growing markets in the Africa/Middle East region with total telecom revenue estimated to grow at a CAGR of 5.4 percent over the next five years, reaching US$2.2 billion in 2014, according to a new report from Pyramid Research (www.pyr.com), the telecom research arm of the Light Reading Communications Network (www.lightreading.com).

Communications Markets in Tunisia offers a precise profile of the country's converged telecommunications, media, and technology sectors based on proprietary data from our research in the market. The 24-page report provides detailed competitive analysis of both the fixed and mobile sectors, tracks the market shares of technologies and services, and monitors technologies such as WiMax, IPTV, and VoIP. It provides a comprehensive view of the communications market by analyzing key trends, evaluating near-term opportunities and assessing upcoming risks factors. Download an excerpt of this report here: http://www.pyramidresearch.com/downloads.htm?id=18&sc=PR071009_CIRTUN.

Even though Tunisia's mobile and fixed penetration were among the highest in the region in 2008 (82.1 percent and 11.5 percent, respectively), the low broadband penetration rate of 2.2 percent indicates there is still room for growth, observes Sylwia Boguszewska, analyst at Pyramid Research and author of the report.

"To stimulate competition, the government launched a tender for a fixed-line services license so as to promote broadband Internet access and prop up mobile telephony services," Boguszewska says. "The process of a tender for a technology-neutral license for a mobile and fixed operator was started in May 2009, and a new player is expected to enter the market in 2010," she adds. "This, plus the sale of another stake in Tunisie Telecom, will have a positive effect on market competitiveness and liberalization."

"Although the market will contract in 2009, it will bounce back with broadband being the fastest growing among other significant market segments," explains Boguszewska. Broadband services will be a considerable source of growth over the next five years, with a CAGR of 15.1 percent between 2009 and 2014, producing estimated revenue of US$174 million in 2014, up from US$81 million in 2008. "This growth will over compensate for the decline in narrowband Internet services, which will only generate revenue of US$4 million in 2014," concludes Boguszewska.

Communications Markets in Tunisia is part of Pyramid Research's Africa/Middle East Country Intelligence Report Series. Pyramid Research's premium Country Intelligence Reports are the industry's best available analysis on market trends, regulatory environments, and competitive dynamics for 60 countries worldwide. Communications Markets in Tunisia is priced at US$990 and can be purchased online here: http://www.pyr.com/store/CIRTUNISIA.htm?sc=PR071009_CIRTUN or through Dave Williams via email at dave.williams@pyr.com or telephone at +1-858-485-8870.

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

About Pyramid Research

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

About Light Reading

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

About TechWeb

TechWeb (http://techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events, Interop, Web 2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, and Wall Street & Technology magazines. TechWeb also provides end-to-end services including next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than US$2.5 billion.

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

About United Business Media Limited

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

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

Pyramid Research

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

Tunisia Will be One of the Fastest-Growing Markets in AME, Reaching $2.2 Billion in 2014, Says Pyramid

CAMBRIDGE, Mass., July 10 /PRNewswire/ -- Tunisia's telecom market will be one of the fastest-growing markets in the Africa/Middle East region with total telecom revenue estimated to grow at a CAGR of 5.4 percent over the next five years, reaching $2.2 billion in 2014, according to a new report from Pyramid Research (http://www.pyr.com/), the telecom research arm of the Light Reading Communications Network (http://www.lightreading.com/).

"Although the market will contract in 2009, it will bounce back with broadband being the fastest growing among other significant market segments," explains Boguszewska. Broadband services will be a considerable source of growth over the next five years, with a CAGR of 15.1 percent between 2009 and 2014, producing estimated revenue of $174 million in 2014, up from $81 million in 2008. "This growth will over compensate for the decline in narrowband Internet services, which will only generate revenue of $4 million in 2014," concludes Boguszewska.

Communications Markets in Tunisia is part of Pyramid Research's Africa/Middle East Country Intelligence Report Series. Pyramid Research's premium Country Intelligence Reports are the industry's best available analysis on market trends, regulatory environments, and competitive dynamics for 60 countries worldwide. Communications Markets in Tunisia is priced at $990 and can be purchased online here: http://www.pyr.com/store/CIRTUNISIA.htm?sc=PR071009_CIRTUN or through Dave Williams via email at dave.williams@pyr.com or telephone at +1 858-485-8870.

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

About Pyramid Research

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

About Light Reading

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

About TechWeb

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

About United Business Media Limited

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

Pyramid Research

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

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