Hershey Entertainment & Resorts Selects Software Solutions by AgilysysCompany Implements Point-of-Sale and Foodservice Management Systems

CLEVELAND, Nov. 3 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative information technology and hospitality software solutions, has announced that Hershey Entertainment & Resorts in Hershey, Pa. has selected InfoGenesis(TM) POS and Eatec® Solutions by Agilysys to streamline operations and control costs. The company will use the solutions at Hersheypark, Hersheypark Stadium, Giant Center, Hershey Lodge, The Hotel Hershey, Dutch Wonderland Family Amusement Park and Hershey Golf Collection.

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"We spent a great deal of time looking at software systems for point-of-sale and foodservice management, and our criteria were long and detailed," said William H. Sheaffer, director of information technology at Hershey Entertainment & Resorts. "We were impressed with the wide range of features and functionality found in Eatec Solutions and InfoGenesis POS and the fact that InfoGenesis POS is able to function in all of our venues, whether fine dining, quick-service or retail. We also appreciate the openness of the systems and their real-time reporting features. Agilysys has implemented similar technology in other large venues like ours and has an excellent reputation in the hotel and stadium markets."

InfoGenesis POS is an enterprise-ready point-of-sale solution that combines powerful reporting and configuration capabilities with an easy-to-use touch-screen terminal application. The system, which is designed for multi-unit operations common in hospitality environments, can manage any combination of dining, bar service and gift shop operations. Features of InfoGenesis POS include audit log and electronic journal, real-time reporting capabilities, multi-language capability and advanced sorting, filtering and grouping options. Hershey Entertainment & Resorts has implemented more than 400 InfoGenesis POS terminals in food and beverage and retail outlets throughout its venues.

Eatec Solutions is a full-featured inventory and procurement solution designed especially for the foodservice and hospitality industries. Along with its core purchasing, inventory, recipe, forecasting, production and sales analysis functions, the system also offers modules for catering, concessions and retail. The software solution offers more than 400 standard reports, which will enable Hershey Entertainment & Resorts to make more informed and intelligent business decisions.

"InfoGenesis POS and Eatec Solutions offer a complete and integrated system for managing food and beverage and retail operations," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "This combination is ideal for large and multi-faceted companies like Hershey Entertainment & Resorts that want to maximize profitability, maintain accurate inventory counts and reduce potential losses. These solutions, which are among the most flexible, scalable and reliable on the market, will help ensure that Hershey operates at peak efficiency and delivers outstanding guest service."

Hershey Entertainment & Resorts is a privately held company founded in 1927, when Milton S. Hershey separated his chocolate manufacturing operations from his other businesses. Hershey Entertainment & Resorts operates Hersheypark, ZooAmerica North American Wildlife Park, Dutch Wonderland Family Amusement Park, Giant Center, Hersheypark Arena, Hersheypark Stadium, Hershey Bears AHL Hockey Club, The Hotel Hershey, The Spa at The Hotel Hershey, Hershey Lodge, Hershey Highmeadow Campground, Hershey Golf Collection, a variety of dining venues, Hershey Nursery and Hershey Laundry & Dry Cleaning.

About Agilysys, Inc.Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology -- including hardware, software and services -- to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Cleveland, Agilysys operates extensively throughout North America, with additional sales and support offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/.

PR Contact: Maureen Morreale, Agilysys, Inc., 440-519-8161, maureen.morreale@agilysys.com

Photo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO Agilysys

CONTACT: Maureen Morreale, Agilysys, Inc., +1-440-519-8161,
maureen.morreale@agilysys.com

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

CME Group Volume Averaged 10.8 Million Contracts per Day in October 2009, Up 2 Percent from September 2009- Highest first month of a quarter volume to date in 2009 - Double-digit year-over-year growth in FX, energy and metals - Highest monthly energy and metals volumes to date in 2009 - Record non-roll month average daily notional value traded in FX of $99 billion - Best year-over-year performance to date in 2009 for interest rates

CHICAGO, Nov. 3 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, today announced that October volume averaged 10.8 million contracts per day, down 13 percent from October 2008, but up 2 percent from September 2009. Total volume was 237 million contracts for October, of which 82 percent was traded electronically, and represented the highest first month of a quarter volume to date in 2009. Electronic volume averaged 8.9 million contracts per day, down 11 percent from the prior October, but up 3 percent compared with September 2009. Average daily volume cleared through CME ClearPort was 559,000 contracts for October 2009, up 16 percent compared with October 2008, and up 14 percent sequentially. CME Group year-to-date volume through October averaged 10.3 million contracts per day.

In October, CME Group interest rate volume demonstrated the best year-over-year growth so far in 2009, averaging 4.5 million contracts per day, down only 2 percent compared with October 2008, but up 2 percent compared with the prior month. Eurodollar futures volume averaged 1.8 million contracts per day, up 4 percent versus October 2008, and Treasury futures volume averaged 1.8 million contracts per day, up 12 percent compared with the same period a year ago. CME Group equity index volume averaged 2.8 million contracts per day, down 43 percent compared with October 2008. CME Group foreign exchange (FX) volume experienced its highest non-roll month to date in 2009, up 33 percent compared with the prior October to average 747,000 contracts per day, reflecting average daily notional value of approximately $99 billion, a record for a non-roll month.

CME Group energy volume, which includes volume cleared through CME ClearPort, averaged 1.7 million contracts per day for October 2009, up 22 percent compared with the same period last year, and up 10 percent compared with September 2009. CME Group commodities and alternative investments volume averaged 785,000 contracts per day, up 2 percent from October 2008, and up 23 percent sequentially. CME Group metals volume, which includes volume cleared through CME ClearPort, averaged 239,000 contracts per day for October 2009, up 16 percent compared with the prior October, and up 6 percent from September 2009.

Average daily volume and rate per contract figures from 2008 have been revised due to standardizing NYMEX reporting conventions to follow CME's treatment of post-trade transactions such as exercises, assignments and deliveries.

All references to CME Group volume and rate per contract information in the text of this document exclude our non-traditional TRAKRS products, for which CME Group receives significantly lower clearing fees than other CME Group products, Swapstream products, and HuRLO products.

MONTHLY AVERAGE DAILY VOLUME (ADV) Total Exchange Pro Forma ADV (CME, CBOT and NYMEX combined, in thousands) Oct 2009 Oct 2008 -------- -------- Trading Days 22 23 PRODUCT LINE Oct 2009 Oct 2008 Percent Change -------- -------- -------------- Interest Rates 4,472 4,566 -2% Equity Index 2,824 4,930 -43% FX 747 561 33% Energy (including CME ClearPort) 1,726* 1,413 22% Commodities and Alt. Inv. 785 772 2% Metals (including CME ClearPort) 239 206 16% --- --- --- Total 10,793 12,448 -13% Oct 2009 Oct 2008 Percent Change -------- -------- -------------- VENUE Open outcry 1,186 1,743 -32% CME Globex 8,873 10,023 -11% Privately negotiated 175 199 -12% CME ClearPort (OTC) 559 484 16% *The PJM daily electricity swap futures contracts, which have an average rate per contract of approximately 10 cents, averaged 128,685 contracts per day in October 2009. This accounted for approximately 7 percent of the total Energy volume in October 2009. ROLLING THREE-MONTH AVERAGES Average Daily Volume (In thousands) 3-Month Period Ending PRODUCT LINE Oct-09 Sep-09 Aug-09 Jul-09 Interest Rates 4,527 4,422 4,670 4,664 Equity Index 2,756 2,656 2,639 2,812 FX 707 660 644 622 Energy 1,588 1,484 1,450 1,430 Commodities/Alt. Investments 721 708 799 799 Metals 216 201 193 201 --- --- --- --- Total 10,515 10,132 10,395 10,527 Oct-09 Sep-09 Aug-09 Jul-09 VENUE Open outcry 1,261 1,264 1,382 1,444 Electronic 8,599 8,267 8,389 8,446 Privately negotiated 158 147 173 177 CME ClearPort (OTC) 497 453 451 460 Average Rate Per Contract (In dollars) 3-Month Period Ending PRODUCT LINE Sep-09 Aug-09 Jul-09 Jun-09 Interest Rates 0.505 0.511 0.518 0.525 Equity Index 0.722 0.727 0.720 0.712 FX 0.853 0.876 0.874 0.901 Energy 1.694 1.677 1.673 1.653 Commodities/Alt. Investments 1.199 1.175 1.129 1.130 Metals 1.849 1.823 1.803 1.808 ----- ----- ----- ----- Total 0.834 0.826 0.821 0.823 VENUE Sep-09 Aug-09 Jul-09 Jun-09 Exchange-Traded 0.765 0.764 0.759 0.765 CME ClearPort (OTC) 2.304 2.195 2.163 2.031

As the world's largest and most diverse derivatives marketplace, CME Group (http://www.cmegroup.com/) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at http://www.cmegroup.com/.

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CME Group

CONTACT: Media, William Parke, +1-312-930-3467, or Pamela Plehn,
+1-312-930-3446, news@cmegroup.com, or Investors, John Peschier,
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Web Site: http://www.cmegroup.com/

Federal Signal Corporation Announces Third Quarter EarningsCompany Generates Q3 Profit From Continuing Operations Through Cost Reductions and Improved Performance from its Fire Rescue Group --Highlights-- - Q3 EPS of $0.10 from Continuing Operations - Overhead Costs Reduced $12.2 Million versus Q3 2008, Including $3.6 Million Related to a Q3 2008 Contract Dispute - Improved Q3 Operating Margin in the Fire Rescue Group - Q3 Order Backlog = $209 Million vs $218 Million at End of Q2 - Net Debt Reduced Over $26 Million in the Quarter - $130 Million of Global Liquidity at end of Q3

OAK BROOK, Ill., Nov. 3 /PRNewswire-FirstCall/ -- Federal Signal Corporation reported income from continuing operations of $4.6 million, or $0.10 per share, for the third quarter of 2009 on revenue of $167 million. For the same period of 2008, the Company earned $14.5 million from continuing operations, or $0.31 per share, on revenue of $212 million. The year-over-year third quarter income reduction is primarily the result of lower sales volumes, offset somewhat by margin improvement in the Fire Rescue Group, lower overhead costs and lower interest and other expense.

The Company recorded net income including discontinued operations of $4.3 million in the third quarter of 2009 compared to net income of $14.2 million in the prior year period. Operating cash flow from continuing operations for the first nine months of 2009 totaled $43.2 million, a $33.4 million improvement versus the prior year, primarily due to improved working capital management, offsetting lower profits. The Company had $130 million of global liquidity at the end of the quarter.

William H. Osborne, president and chief executive officer, stated, "I am pleased with the progress the company made in the quarter, as we had success on several fronts. Our team has focused intensely on cost reduction this year, and the results are impressive. Overhead costs - which we define as fixed manufacturing costs and SG&A - were reduced $12.2 million in the quarter versus last year, including a $3.6 million one-time cost related to a contract dispute in Q3 2008. Overhead costs are down $20 million year-to-date, including $5 million in cumulative costs relating to the contract dispute. We improved the operating margin in our Fire Rescue (Bronto) group in the quarter. We generated strong cash flow in the quarter and reduced our net debt by over $26 million."

Mr. Osborne continued, "Orders stabilized in the quarter, with third quarter orders equal to those in the second quarter. While we have not yet seen a consistent pattern of growth across our entire business portfolio, we did see sequential order growth in our Bronto aerial lift and PIPS automated license plate recognition (ALPR) businesses. We are continuing to take steps and devote resources to develop and grow our public safety businesses. I believe that our actions in 2009 have the company well positioned to profit from an economic recovery."

Q3 GROUP RESULTS Safety and Security Systems -- Q3 orders of $70.5 million were down slightly from the $72.2 million in Q2. -- Orders declined 19% from 2008 to $70.5 million as a result of the global economic recession and unfavorable currency effects. -- Net sales were down 18% to $73.8 million due to lower volumes across most market segments and unfavorable foreign currency effects of 1.9%. -- Operating income decreased $1.6 million to $6.7 million as a result of lower sales volumes. Operating expenses were lower than the prior year by $5.6 million primarily as a result of headcount reductions and cost containment efforts, and the absence of one-time costs in 2008 related to a contract dispute. However, this was not sufficient to overcome the volume decline in the quarter. 2009 operating expenses include an initial charge of $0.3 million for a restructuring initiative to consolidate plant operations. As a comparison, Q3 2008 income included a total of $6.1 million in charges associated with a contract dispute. Fire Rescue (Bronto) -- Orders for Q3 were up 24%, or $5.0 million, from Q2 to $26.2 million. -- Orders declined 23%, or $7.9 million, to $26.2 million from Q3 2008 with a decrease across all product lines. Early 2008 orders were at record levels across all segments. -- Net sales were essentially flat at $27.4 million as the group continues to work off a strong backlog. -- Q3 operating income was up $1.5 million, to $2.2 million. Operating margin increased from 2.5% in 2008 to 8.0% in 2009 as a result of reduced outsourcing and efficiencies associated with the plant expansion. Environmental Solutions -- Orders were down 5%, or $2.9 million, from the second quarter -- Q3 Orders declined 28%, to $60.8 million from Q3 2008 with a decrease across all product lines except sweeper exports. -- Net sales were down 30% to $65.4 million primarily due to order weakness and lower sales volume. -- Q3 operating income was down $6.1 million to $2.7 million. The impact of lower sales volumes was partially offset by favorable purchase price variances of $2.1 million and lower manufacturing and operating expenses of $1.8 million. Other -- Q3 Corporate expense was down $1.4 million to $4.1 million primarily as a result of lower legal expenses associated with the hearing loss litigation. -- Interest expense for Q3 was down $1.0 million in 2009 due to lower interest rates and lower average borrowings. -- The Q3 effective tax rate on income from continuing operations was 17.9%, or $1.0 million. CONFERENCE CALL

Federal Signal will host its third quarter conference call on Tuesday, November 3, 2009 at 10:00 a.m. Eastern Time. The call will last approximately one hour. The call may be accessed over the internet through Federal Signal's website at http://www.federalsignal.com/. A replay will be available on Federal Signal's website shortly after the call.

About Federal Signal

Federal Signal Corporation enhances the safety, security and well-being of communities and workplaces around the world. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and institutional customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates three groups: Safety and Security Systems, Environmental Solutions and Fire Rescue. For more information on Federal Signal, visit: http://www.federalsignal.com/.

This release contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic conditions in various regions, product and price competition, supplier and raw material prices, foreign currency exchange rate changes, interest rate changes, increased legal expenses and litigation results, legal and regulatory developments and other risks and uncertainties described in filings with the Securities and Exchange Commission.

FEDERAL SIGNAL CORPORATION (NYSE) Consolidated Financial Data For the Third Quarter 2009 and 2008 (Unaudited) (in millions except per share data) QTR QTR YTD YTD September 30 September 30 September 30 September 30 2009 2008 2009 2008 ---- ---- ---- ---- Quarter September 30: Net Sales $166.6 $212.0 $560.9 $665.9 Cost of sales (124.6) (155.7) (415.7) (488.3) Operating expenses (34.5) (44.0) (122.9) (136.1) ------ ------ ------ ------ Operating income 7.5 12.3 22.3 41.5 Interest expense (2.6) (3.6) (8.8) (12.6) Other income (expense) 0.7 (0.1) (0.3) (1.9) ------ ------ ------ ------ Income before income taxes 5.6 8.6 13.2 27.0 Income tax (expense) benefit (1.0) 5.9 (2.5) (0.3) ------ ------ ------ ------ Income from continuing operations 4.6 14.5 10.7 26.7 Loss from discontinued operations and disposal, net of tax (0.3) (0.3) (10.3) (110.6) ------ ------ ------ ------ Net income (loss) $4.3 $14.2 $0.4 $(83.9) ====== ====== ====== ====== Gross margin 25.2% 26.6% 25.9% 26.7% Operating margin 4.5% 5.8% 4.0% 6.2% Effective tax rate 17.9% (68.6%) 18.9% 0.9% Diluted earnings per share: Earnings from continuing operations $0.10 $0.31 $0.22 $0.56 Loss from discontinued operations and disposal, net of tax (0.01) (0.01) (0.21) (2.32) ------ ------ ------ ------ Income (loss) per share $0.09 $0.30 $0.01 $(1.76) ------ ------ ------ ------ Average common shares outstanding 48.0 47.6 48.5 47.7 QTR QTR YTD YTD September 30 September 30 September 30 September 30 2009 2008 2009 2008 ---- ---- ---- ---- Group results: Safety and Security Systems Group: Orders $70.5 $86.6 $218.7 $281.2 Net Sales 73.8 90.3 228.8 275.9 Operating Income 6.7 8.3 21.8 27.5 Operating Margin 9.1% 9.2% 9.5% 10.0% Backlog $43.3 $61.8 Fire Rescue Group: Orders $26.2 $34.1 $68.2 $135.5 Net Sales 27.4 28.1 101.4 92.5 Operating Income 2.2 0.7 9.5 4.6 Operating Margin 8.0% 2.5% 9.4% 5.0% Backlog $106.6 $174.8 Environmental Solutions Group: Orders $60.8 $84.2 $191.9 $270.2 Net Sales 65.4 93.6 230.7 297.5 Operating Income 2.7 8.8 11.9 29.7 Operating Margin 4.1% 9.4% 5.2% 10.0% Backlog $59.1 $101.4 Corporate Operating Expenses $(4.1) $(5.5) $(20.9) $(20.3) ------ ------ ------ ------ Total Operating Income $7.5 $12.3 $22.3 $41.5 ====== ====== ====== ====== FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) September 30 December 31 ($in millions) 2009 2008 ---- ---- ASSETS Current assets Cash and cash equivalents $21.1 $23.4 Short-term investments - 10.0 Accounts receivable, net of allowances for doubtful accounts of $1.9 million and $2.0 million, respectively 114.1 138.6 Inventories 129.2 133.5 Other current assets 27.1 21.5 ------ ------ Total current assets 291.5 327.0 Properties and equipment, net 67.7 63.5 Other assets Goodwill 330.5 328.1 Intangible assets, net of accumulated amortization 48.0 47.8 Deferred tax assets 26.9 30.3 Deferred charges and other assets 1.8 4.4 ------ ------ Total assets 766.4 801.1 Assets of discontinued operations 10.2 37.0 ------ ------ Total assets $776.6 $838.1 ====== ====== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Short-term borrowings $1.3 $12.6 Current portion of long-term borrowings 40.4 25.1 Accounts payable 41.6 48.4 Accrued liabilities Compensation and withholding taxes 20.6 23.9 Customer deposits 12.5 17.4 Other 53.0 48.6 ------ ------ Total current liabilities 169.4 176.0 Long-term borrowings 196.8 241.2 Long-term pension liabilities 54.1 58.0 Deferred gain 24.7 26.2 Other long-term liabilities 12.2 14.8 ------ ------ Total liabilities 457.2 516.2 Liabilities of discontinued operations 13.9 34.8 ------ ------ Total liabilities 471.1 551.0 Shareholders' equity Common stock, $1 par value per share, 90.0 million shares authorized, 49.6 million and 49.3 million shares issued, respectively 49.6 49.3 Capital in excess of par value 93.3 106.4 Retained earnings 220.6 229.0 Treasury stock, 0.8 million and 1.9 million shares at cost, respectively (15.8) (36.1) Accumulated other comprehensive loss Foreign currency translation, net 15.3 (4.1) Net derivative loss, cash flow hedges, net (0.9) (0.9) Unrecognized pension and postretirement losses, net (56.6) (56.5) ------ ------ Total (42.2) (61.5) ------ ------ Total shareholders' equity 305.5 287.1 ------ ------ Total liabilities and shareholders' equity $776.6 $838.1 ====== ====== Supplemental data: Debt $238.5 $278.9 Debt-to-capitalization ratio: 43.8% 49.3% Net Debt/Cap Ratio 41.6% 46.1% Net Debt/Cap Ratio = debt-to-capitalization ratio, net of cash FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Year-to-Date September 30, ------------------------- 2009 2008 ---- ---- ($in millions) Operating activities Net income (loss) $0.4 $(83.9) Adjustments to reconcile net income (loss) to net cash provided by (Used for) operating activities: Loss on discontinued operations and disposal 10.3 110.6 Depreciation and amortization 11.7 11.9 Stock based compensation expense 3.3 2.1 Pension contributions (0.5) (8.2) Working capital (1) 21.4 (16.2) Other (3.4) (6.5) ------ ------ Net cash provided by continuing operating activities 43.2 9.8 Net cash (used for) provided by discontinued operating activities (3.2) 119.5 ------ ------ Net cash provided by operating activities 40.0 129.3 Investing activities Purchases of properties and equipment (11.9) (18.8) Proceeds from sales of properties, plant and equipment 1.2 35.8 Other, net 10.0 0.8 ------ ------ Net cash (used for) provided by continuing investing activities (0.7) 17.8 Net cash provided by discontinued investing activities 14.2 54.4 ------ ------ Net cash provided by investing activities 13.5 72.2 Financing activities Decrease in short-term borrowings, net (11.3) (1.4) Payments on long-term borrowings, net (29.8) (55.4) Purchases of treasury stock - (6.0) Cash dividends paid to shareholders (8.7) (8.6) Other, net 0.2 (0.1) ------ ------ Net cash used for continuing financing activities (49.6) (71.5) Net cash used for discontinued financing activities (7.1) (126.7) ------ ------ Net cash used for financing activities (56.7) (198.2) Effects of foreign exchange rate changes on cash 0.9 - (Decrease) increase in cash and cash equivalents (2.3) 3.3 Cash and cash equivalents at beginning of period 23.4 12.5 ------ ------ Cash and cash equivalents at end of period $21.1 $15.8 ====== ====== (1) Working capital is composed of net accounts receivable, inventories, accounts payable and customer deposits.

Federal Signal Corporation

CONTACT: Investors, William Barker, +1-630-954-2000,
wbarker@federalsignal.com or Leo Mahon, +1-630-954-2000,
lmahon@federalsignal.com, both of Federal Signal Corporation

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

Energizer Holdings, Inc. Announces Fourth Quarter and Fiscal 2009 Results

ST. LOUIS, Nov. 3 /PRNewswire-FirstCall/ -- Energizer Holdings, Inc., , today announced results of its fourth quarter and fiscal year ended September 30, 2009. Net earnings for the quarter were $37.1 million, or $0.53 per diluted share, versus net earnings of $99.1 million, or $1.67 per diluted share in the fourth fiscal quarter of 2008. Fourth quarter diluted earnings per share was negatively impacted by $0.10 per share as compared to the prior year quarter due to higher average shares outstanding. In addition, the current quarter includes the following:

-- charges related to the previously announced voluntary enhanced retirement option (VERO) and reduction in force (RIF), and other business realignment and integration charges of $25.8 million after-tax, or $0.38 per diluted share; -- an additional tax provision of $2.9 million, or $0.04 per diluted share, and -- an after-tax expense of $2.3 million, or $0.03 per diluted share, related to the write-up and subsequent sale of inventory purchased in the Edge and Skintimate shave preparation acquisition.

Last year's fourth quarter included an after-tax expense of $3.4 million, or $0.06 per diluted share, related to Playtex integration and other realignment costs and $2.9 million, or $0.05 per diluted share, of favorable foreign tax adjustments.

"Fiscal 2009 was a challenging year in which we took significant actions to fortify our businesses," said Ward Klein, Chief Executive Officer. "In the fourth quarter, we implemented restructuring efforts and focused on reducing debt so that we enter fiscal 2010 with sufficient momentum to properly support our brands and innovation pipeline. We will continue to invest in both advertising and promotion and innovation so that we can meet our mid to long-term growth objectives. This combined with an anticipated improvement in consumption as the economy slowly recovers, should allow us to return to double digit growth in net earnings and single digit growth in earnings per share in 2010."

For the current quarter, total net sales decreased $44.0 million, or 4%, to $1,079.4 million. On a constant currency basis, sales decreased $7 million, or less than 1%. Net sales in the Household Products division decreased $96.8 million, down 14%, or $72 million, down 11%, on a constant currency basis. Net sales in the Personal Care business, including $57 million from the shave preparation acquisition, increased $52.8 million, up 12%, or $64 million, up 14%, on a constant currency basis. Gross margin decreased 370 basis points due, in part, to the unfavorable impact of currency and certain inventory valuation charges related to obsolescence and the step up of inventory acquired in the shave preparation acquisition. Excluding currency and the inventory valuation charges, gross margin was 46.3%, down 160 basis points due primarily to product mix including higher margin hurricane volume in the prior year (C&D batteries), higher sales of lower margin Quattro for Women Trimmer razors in fiscal 2009 and higher product costs primarily in Personal Care. Segment profit decreased $44.9 million, or 20%, to $174.7 million. Excluding the unfavorable impact of currency of approximately $20 million, segment profit decreased approximately $25 million. General corporate and other expenses increased $41.6 million due primarily to the $38.6 million pre-tax charge related to the previously announced VERO and RIF. Interest expense and other net financing costs declined $8.3 million and $1.1 million, respectively.

On May 15, 2009, Energizer completed an equity offering of 10,925,000 shares at $49.00 per share, resulting in net proceeds of $510.2 million. In addition, on June 5, 2009, the company completed the acquisition of the shave preparation business for an aggregate purchase price of $275 million.

For the year ended September 30, 2009, net earnings were $297.8 million, or $4.72 per diluted share, compared to net earnings of $329.3 million, or $5.59 per diluted share, in the same period last year. The higher average shares outstanding as a result of the share issuance reduced diluted earnings per share by $0.34 for the year ended September 30, 2009 as compared to fiscal 2008. Included in the current year results are:

-- Charges: -- $33.2 million, after-tax, or $0.53 per diluted share, related to the VERO, RIF and other restructuring, business realignment and integration charges; -- an additional tax provision of $2.9 million, or $0.05 per diluted share, and -- $2.3 million, after-tax, or $0.04 per diluted share, related to the write-up and subsequent sale of inventory purchased in the shave preparation acquisition. -- Income: -- $15.2 million, after-tax, or $0.24 per diluted share, of income due to a change in the Company's paid time off policy (PTO) in the second quarter of fiscal 2009; Included in the prior year results were: -- an after-tax expense of $16.5 million, or $0.28 per diluted share, related to the write-up and subsequent sale of inventory purchased in the Playtex acquisition; -- integration and other realignment costs of $13.4 million, after-tax, or $0.22 per diluted share; and -- a net, unfavorable income tax accrual adjustment of $1.1 million, or $0.02 per diluted share.

Net sales for fiscal 2009 decreased $331.2 million, or 8%, to $3,999.8 million. On a constant currency basis, sales decreased $107 million, or 2%. Net sales in the Household Products division decreased $364.8 million, down 15%, or $220 million, down 9% on a constant currency basis. Net sales in the Personal Care business increased $33.6 million, up 2%, or $113.6 million, up 6%, on a constant currency basis. Excluding unfavorable currency, gross margin was 47.9% for fiscal 2009 as compared to 47.7% for fiscal 2008. For comparative purposes, the gross margin percent for both years was adjusted upward to exclude the impact of the shave preparation and the Playtex inventory write-up at acquisition in 2009 and 2008, respectively. Segment profit decreased $71.9 million, or 9%, to $739.7 million; whereas on a constant currency basis total segment profit increased $24 million, or 3%, due primarily to lower advertising and promotional (A & P) spending. General corporate and other expenses increased $16.8 million to $115.6 million as the impact of the VERO and RIF were partially offset by the change in the company's PTO policy. Interest expense declined $36.6 million while other net financing increased $10.3 million.

Household Products

Net sales for the quarter were $576.4 million, down $96.8 million versus the same quarter last year as approximately $55 million of prior year shipments due to hurricanes and early holiday shipments ahead of an announced price increase did not repeat in the current year quarter. In addition, currency was unfavorable by $25 million for the quarter, a moderation of the trend experienced throughout fiscal 2009. Absent these factors, net sales declined 2% due to continued sluggishness in the battery category across the globe, most notably in the U.S. We estimate the premium battery category declined approximately 5% to 7% in the first nine months of fiscal 2009, and this trend appears to have worsened slightly in the most recent quarter due in large part to comparisons to prior year hurricane consumption.

Segment profit was $113.7 million, down $36.5 million due to the margin impact of lower volume from the prior year comparatives as described above and approximately $17 million in unfavorable currency. Absent the currency and the margin impact of the prior year hurricane and early holiday season shipments, which were not repeated, segment profit was essentially flat as reduced spending offset the remaining negative impact of lower volumes.

For the year, net sales were $2.1 billion, down $364.8 million, or 15% including the impact of approximately $144 million of unfavorable currency. Absent currency, sales decreased $220 million, or 9% due to lower sales volume across all geographic areas, but most notably in the U.S. We estimate the premium battery category declined approximately 7% to 9 % in fiscal 2009. In addition, retailers reduced inventory levels during the year in response to the economic downturn, and as noted above, we lapped prior year hurricane and early holiday shipments during the current quarter.

Segment profit decreased $90.5 million, including approximately $76 million of unfavorable currency. Excluding the impact of the unfavorable currency, segment profit declined $14 million as lower gross margin from volume declines was significantly offset by reduced spending in A & P and overheads, and favorable pricing and product mix.

Personal Care

Net Sales for the quarter were $503.0 million, up $52.8 million, or 12% versus the same quarter last year. The most significant driver of the increase in sales was the shave preparation acquisition, which added $57 million for the quarter. This was partially offset by unfavorable currency, which negatively impacted the quarter by approximately $11 million. Excluding the impact of the shave preparation acquisition and unfavorable currency, net sales increased 2%. Wet Shave net sales, excluding the acquisition, were essentially flat as increased sales of Quattro for Women Trimmer razors and Quattro for Women replacement blades were offset by a decline in legacy system products. Skin Care sales increased 9% due to higher shipments of Wet Ones. Infant Care sales increased 8% due to growth in Diaper Genie, Cups and reusable bottles. Finally, Feminine Care sales decreased 5% as the continued strong sales growth of Sport, was more than offset by lower sales of Gentle Glide.

Segment profit for the quarter was $61.0 million, down $8.4 million or 12% versus the same quarter in the prior year. Excluding the impact of unfavorable currency of approximately $3 million, segment profit decreased $5 million, including a $4.5 million favorable impact of the shave preparation acquisition in the quarter. The decrease was due primarily to a write-down of sun care inventory due to an upcoming packaging restage and higher product costs. Lower A & P and lower overhead costs, including incremental Playtex synergies, partially offset these negative impacts.

Net sales for the fiscal year were $1,890.3 million, an increase of $33.6 million or 2%. Excluding the impact of unfavorable currency, sales increased $113.6 million, or 6%, due to the shave preparation acquisition, which added $57 million, or 3%, and higher sales of Wet Shave, Infant Care and Skin Care products partially offset by lower sales of Feminine Care. Wet Shave sales increased 3%, excluding the acquisition, driven by the launch of Quattro for Women Trimmer in the second quarter, and higher disposable and Quattro men's systems sales, partially offset by ongoing declines in legacy system products. Infant Care sales increased 7% due to Diaper Genie, cups and soothing products. Skin Care sales increased 4% on higher sales of Wet Ones and sun care in international markets. Feminine Care sales decreased 2% as higher sales of Sport were offset by lower sales of Gentle Glide, due, in part, to increased competitive activity.

Segment profit for the fiscal year was $341.1 million, an increase of $18.6 million or 6%. Excluding currency, segment profit grew $39 million or 12% due to incremental synergies, lower A&P, and the inclusion of the shave preparation acquisition, which added $4.5 million, partially offset by higher product costs and unfavorable product mix.

Other Items

Corporate and other expenses increased $41.6 million for the quarter due primarily to the previously noted charges for the VERO, RIF and other realignment costs For the fiscal year, corporate and other expenses increased $16.8 million as the VERO, RIF and other realignment charges were partially offset by the favorable PTO adjustment in the second quarter.

Interest expense decreased $8.3 million for the quarter and $36.6 million for the fiscal year on lower average borrowings and lower interest costs on variable debt. Other net financing items were favorable $1.1 million for the quarter, but unfavorable $10.3 million for the fiscal year due to exchange losses incurred as U.S. dollar based payables for the company's foreign affiliates were unfavorably impacted by the rapid and significant strengthening of the U.S. dollar versus most local currencies in the fiscal first quarter.

The effective tax rate was 35.9% for the quarter including the previously noted $2.9 million tax adjustment. The effective rate for fiscal 2009 was 33.1%. Excluding the one-time item noted previously, the fiscal 2009 tax rate was 32.5%.

Capital expenditures were $31.3 million for the quarter and $139.7 million for the fiscal year versus $160.0 million for fiscal 2008. Depreciation expense was $30.4 million and $116.9 million for the quarter and fiscal 2009, respectively.

Energizer's Debt to Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) Ratio for the last four quarters, as defined by the company's credit agreements, was 3.14 to 1.00. At September 30, 2009, the company's debt level was $2.56 billion, with $2.23 billion, or 87%, at fixed rates averaging 5.19%. In addition, the company's reported cash at September 30, 2009 was $359.3 million. Energizer pre-paid $200 million of private placement notes on September 28, 2009 that were due November 9, 2009. Energizer plans to pay scheduled debt maturities only over the course of the fiscal year with the intent to preserve committed liquidity.

Outlook

Looking ahead, we expect to significantly increase investment levels in both A & P and other targeted growth initiatives after a year of aggressive cost containment. In 2009, we reduced spending by more than $140 million relative to our plan in light of significant currency unfavorability and the global recession. However, we believe the long term health of the business requires a return to higher investment levels. We expect A & P as a percent of sales will be around 12.0%, based on our current projections. This level of A & P should allow us to maintain our brand equity and incrementally support innovation as we continue new product efforts across our portfolio.

At current pricing and exchange rates, we expect that favorable material costs versus Fiscal 2009 in the range of $15 million to $20 million, and favorable currency, in the range of $55 to $60 million will fund a portion of the higher investment in A & P and targeted growth initiatives. In addition, the recent VERO should reduce overhead costs by approximately $20 million annually, with approximately $14 million of savings realized in fiscal 2010, allowing for a re-direction of spending dollars. We expect interest expense to be in the range of $130 million, as we repay scheduled maturities. The company estimates that the tax rate for fiscal 2010 will be comparable to fiscal 2009 excluding unusual items.

Overall, we remain cautious regarding consumption trends in most of our categories in the near term as retailer inventory investment remains uncertain, the speed of the economic recovery, especially as it relates to consumer spending, is slow, and device trends in the battery category remain difficult to assess given the recent economic downturn. In the beginning of fiscal 2009, we indicated that achievement of our annual earnings per share growth target, which remains our key focus, was highly unlikely given the currency headwinds and the economic downturn. Directionally, fiscal 2009 turned out about as expected. We expect a more stable global economy and somewhat stronger brand categories in 2010 as consumer confidence and spending are expected to recover over time.

Inclusive of our investment plans and our assumptions regarding improving economic conditions and category performance leads us to believe that low double digit growth in net earnings excluding unusual items is possible in fiscal 2010. Such a result would deliver low single digit earnings per share growth as higher average shares outstanding of approximately 70.8 million are expected to reduce earnings per share by $0.30 to $0.40, net of benefits from the shave preparation acquisition and lower interest expense. Nevertheless, economic uncertainty remains at the forefront and, as noted above, investing in our brands for the long-term will be a priority in the coming year.

While Energizer Holdings, Inc. reports financial results in accordance with accounting principles generally accepted in the U.S. ("GAAP"), this press release includes non-GAAP measures. These non-GAAP measures, such as comparison changes excluding the impact of currencies, and other items including but not necessarily limited to business realignment, VERO and PTO, are not in accordance with, nor are they a substitute for, GAAP measures. The Company believes these non-GAAP measures provide a more meaningful comparison to the corresponding reported period and assist investors in performing analysis consistent with financial models developed by research analysts. Investors should consider non-GAAP measures in addition to, not as a substitute for, or superior to, the comparable GAAP measures.

Statements in this press release that are not historical, particularly statements regarding moderation of negative currency trends, declines in the U.S. premium battery category, Energizer's intent to preserve committed liquidity and its plans to significantly increase investment levels, projections of advertising and promotion spending and its impact on brand equity and innovation support, estimates of favorable material costs and currency as well as estimates of cost reductions to be realized as a result of the voluntary retirement program, expectations with respect to Energizer's interest expense and effective tax rate for fiscal 2010, consumption trends in Energizer's business categories as a result of ongoing caution in retailer inventory investments, uncertainties about the speed of economic recovery, and device trends, expectations related to the global economy, strengthening of brand categories and recovery of consumer confidence and spending, assumptions regarding growth in net earnings and earnings per share in fiscal 2010, and the priority of brand investment, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Energizer cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made.

Energizer advises readers that various risks and uncertainties could affect its financial performance and could cause Energizer's actual results for future periods to differ materially from those anticipated or projected. The current negative global economic conditions are unprecedented in recent years and it is difficult to assess the likelihood of improvement or further deterioration in the near future; consequently it is difficult to assess if employment levels and consumer confidence, and consequent consumer spending and retail inventory levels, will remain low for the year, or if improvement in economic conditions will spur significant spending and retail inventory loading. Similarly, the anticipated moderation of negative currency trends is also difficult to assess with any degree of certainty. Prolonged recessionary conditions in key global markets where Energizer competes could result in significantly greater local currency devaluation and correspondingly greater negative impact on Energizer than what can be anticipated from the current spot rates. On the other hand, if concerted global stabilization measures achieve some degree of economic recovery, local currencies could be significantly strengthened relative to the dollar. Energizer's estimates of premium battery category decline are based solely on limited data available to Energizer and management's reasonable assumptions about market conditions, and consequently may be inaccurate, or may not reflect significant segments of the retail market. Consumer confidence and consumption trends with respect to the overall battery category are difficult to predict, although it is likely that they will continue to be significantly negatively impacted by continuing economic turmoil, as well as by declines in the proliferation or consumption of battery-powered devices. In light of uncertain category and competitive dynamics, it is uncertain whether the Company's broad battery portfolio will continue to be effective in offsetting category softness and/or preserving market share. Energizer's intent to preserve committed liquidity and its ability to increase brand investment spending may be impacted by lower than anticipated cash flows or other unforeseen business needs or obligations. There can also be no guaranty that such spending will be effective in maintaining brand equity or supporting innovation, particularly as economic conditions may continue to have a negative impact on consumer spending. Anticipated favorability in material and other commodity costs could be less significant than anticipated, as it is difficult to predict with any accuracy whether raw material, energy and other input costs, or unit volumes, will stabilize, since such costs are impacted by multiple economic, political and other factors outside of the Company's control, and volumes are impacted by consumption and category trends that are difficult to assess in the current environment. Cost reductions associated with the recent voluntary retirement program could be less than currently anticipated if business needs dictate higher than planned replacement staffing. Energizer's effective tax rate for the year could be impacted by legislative or regulatory changes by federal, state and local, and foreign taxing authorities, as well as by the profitability or losses of Energizer's various subsidiary operations in both high-tax and low-tax countries. Interest expense for the year could be impacted by failure to repay scheduled maturities or interest penalties associated with unanticipated failure to comply with debt covenants. As indicated, because the speed and current certainty of economic recovery, as well as improvements in consumer confidence, are difficult to assess, it is also difficult to predict consumption trends in Energizer's business categories, or stabilization of the economy and strengthening of brand categories in 2010, with any level of confidence. Predictions of earnings growth may be impacted by numerous events, risks and uncertainties beyond Energizer's control, including continuing economic turmoil, continued decline in the battery category, competitive pressure, increases in tax rates, and retailer inventory reductions. In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of any such forward-looking statements. Energizer does not undertake any obligation to update any forward-looking statements to reflect events that occur or circumstances that exist after the date on which they were made. Additional risks and uncertainties include those detailed from time to time in Energizer's publicly filed documents; including its annual report on Form 10-K for the year ended September 30, 2008, and its quarterly reports on Form 10-Q for the periods ended December 31, 2008, March 31, 2009 and June 30, 2009.

ENERGIZER HOLDINGS, INC. STATEMENTS OF EARNINGS (Condensed) (Dollars in millions, except per share data - Unaudited) Quarter Ended Twelve Months Ended September 30, September 30, 2009 2008 2009 2008 ---- ---- ---- ---- Net sales $1,079.4 $1,123.4 $3,999.8 $4,331.0 Cost of products sold 605.7 588.7 2,141.2 2,293.3 ----- ----- ------- ------- Gross profit 473.7 534.7 1,858.6 2,037.7 Selling, general and administrative expense 234.0 212.2 742.6 794.0 Advertising and promotion expense 118.4 116.6 414.5 486.8 Research and development expense 26.5 24.4 90.5 91.7 Interest expense 35.0 43.3 144.7 181.3 Other financing items, net 1.9 3.0 21.0 10.7 --- --- ---- ---- Earnings before income taxes 57.9 135.2 445.3 473.2 Income tax provision 20.8 36.1 147.5 143.9 ---- ---- ----- ----- Net earnings $37.1 $99.1 $297.8 $329.3 ===== ===== ====== ====== Earnings per share Basic $0.53 $1.71 $4.77 $5.71 ===== ===== ===== ===== Diluted $0.53 $1.67 $4.72 $5.59 ===== ===== ===== ===== Weighted average shares of common stock - Basic 69.4 58.1 62.4 57.6 ---- ---- ---- ---- Weighted average shares of common stock - Diluted 70.3 59.4 63.1 58.9 ---- ---- ---- ---- See Accompanying Notes to Condensed Financial Statements Energizer Holdings, Inc. Notes to Condensed Financial Statements September 30, 2009 (Dollars in millions, except per share data) 1. Operating results for any quarter are not necessarily indicative of the results for any other quarter or the full year. 2. Operations for the Company are managed via two major segments - Household Products (Battery and Lighting Products) and Personal Care (Wet Shave, including Edge/Skintimate, Skin Care, Feminine Care and Infant Care). Segment performance is evaluated based on segment operating profit, exclusive of general corporate expenses, share-based compensation costs, costs associated with most restructuring, integration or business realignment activities and amortization of intangible assets. Financial items, such as interest income and expense and other financing items, are managed on a global basis at the corporate level. On June 5, 2009, the Company completed its previously announced acquisition of the Edge and Skintimate shave preparation business of S.C. Johnson & Son, Inc. ("the Acquisition"). This business will be part of the Personal Care segment within the Wet Shave brand group. Operating profit, from the date of acquisition through September 30, 2009 was $4.5. In accordance with generally accepted accounting principles, cost of products sold for the quarter and twelve months ended September 30, 2009 reflected a charge of $3.7 related to the write-up and subsequent sale of the inventory acquired in the Acquisition. The twelve months ended September 30, 2008 includes a similar but larger charge of $27.5 for the inventory write-up at the time of the Playtex acquisition. The reduction in gross profit associated with the write-up and subsequent sale of the inventory acquired in the Edge and Skintimate acquisition in fiscal 2009 and the Playtex acquisition in fiscal 2008 are not reflected in the Personal Care segment, b For the twelve months ended September 30, 2009, cost of products sold and selling, general and administrative expense reflected favorable adjustments of $11.4 and $12.7 related to the change in policy governing the company's PTO. These favorable adjustments were not reflected in the Household Products or Personal Care segments, but rather presented as a separate line below segment profit as it was not operational in nature. Such presentation reflects management's view on how it evaluates segment performance. The Company's operating model includes a combination of stand-alone and combined business functions between the Household Products and Personal Care businesses, varying by country and region of the world. Shared functions include product warehousing and distribution, various transaction processing functions, certain environmental activities, and, in some countries, a combined sales force and management. Historical segment sales and profitability for the quarter and twelve months ended September 30, 2009 and 2008, respectively, are presented below. All prior periods have been restated to conform with the current segment presentation. Quarter Ended Twelve Months Ended September 30, September 30, Net Sales 2009 2008 2009 2008 ---- ---- ---- ---- Household Products $576.4 $673.2 $2,109.5 $2,474.3 Personal Care 503.0 450.2 1,890.3 1,856.7 ----- ----- ------- ------- Total net sales $1,079.4 $1,123.4 $3,999.8 $4,331.0 ======== ======== ======== ======== Profitability Household Products $113.7 $150.2 $398.6 $489.1 Personal Care 61.0 69.4 341.1 322.5 ---- ---- ----- ----- Total segment profitability $174.7 $219.6 $739.7 $811.6 General corporate and other expenses (33.9) (34.6) (97.4) (104.9) VERO/Separation Costs (38.6) - (38.6) - PTO Policy change - - 24.1 - Acquisition inventory valuation (3.7) - (3.7) (27.5) Amortization (3.7) (3.5) (13.1) (14.0) Interest and other financial items (36.9) (46.3) (165.7) (192.0) ----- ----- ------ ------ Earnings before income taxes $57.9 $135.2 $445.3 $473.2 ===== ====== ====== ====== Supplemental product information is presented below for revenues from external customers: Quarter Ended Twelve Months Ended September 30, September 30, Net Sales 2009 2008 2009 2008 ---- ---- ---- ---- Alkaline batteries $355.4 $417.7 $1,264.3 $1,490.1 Carbon zinc batteries 47.0 55.2 186.4 225.2 Other batteries and lighting products 174.0 200.3 658.8 759.0 Wet Shave - razors/shave preparation 346.2 296.8 1,118.1 1,085.0 Skin Care 53.4 50.1 364.0 364.1 Feminine Care 54.1 57.3 214.1 222.6 Infant Care 49.3 46.0 194.1 185.0 ---- ---- ----- ----- Total net sales $1,079.4 $1,123.4 $3,999.8 $4,331.0 ======== ======== ======== ======== 3. Basic earnings per share is based on the average number of common shares outstanding during the period. Diluted earnings per share is based on the average number of shares used for the basic earnings per share calculation, adjusted for the dilutive effect of stock options and restricted stock equivalents. Energizer Holdings, Inc. Notes to Condensed Financial Statements September 30, 2009 (Dollars in millions, except per share data) 4. The current and prior year quarter include pretax charges of $2.2 and $5.3, respectively, and the current and prior year twelve months include pretax charges of $13.6 and $21.1, respectively, related to the integration of Playtex and Edge and certain other business realignment activities. These are included in General corporate and other expenses in Note 2 above. 5. The twelve months ended September 30, 2009 includes a pretax favorable adjustment of $24.1, as a result of the change in the Company's PTO policy. For the twelve months, this change had a favorable impact of $11.4 in gross profit and $12.7 in selling, general and administrative expenses. 6. The current quarter and twelve months ended September 30, 2009 includes a pretax charge of $38.6 related to the VERO and Separation Costs. These costs were recorded as a result of business realignment activities that took place primarily in the Household Products business in order to reduce the overhead cost structure and right-size manufacturing and sales operations. This change is included in selling, general and administrative expenses.

Energizer Holdings, Inc.

CONTACT: Jacqueline E. Burwitz, Vice President, Investor Relations of
Energizer Holdings, Inc., +1-314-985-2169

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

Sigma-Aldrich Signs License Agreement With Polyplus-transfection to Offer Novel ZNA(TM) OligonucleotidesCommercialization of ZNA technology provides solutions for increased affinity for nucleic acids

ST. LOUIS, Nov. 3 /PRNewswire-FirstCall/ -- Sigma-Aldrich today announced a worldwide licensing agreement with Polyplus-transfection (Strasbourg, France) to manufacture and commercialize Zip Nucleic Acid (ZNA(TM)*) oligonucleotides, a new technology that provides solutions for increased affinity for nucleic acids. Under the terms of the license, Sigma-Aldrich has rights to manufacture and commercialize ZNA oligonucleotides for all research applications. Sigma-Aldrich is the first company to offer ZNA as custom DNA and RNA oligonucleotides to the life science community.

ZNA are oligonucleotides with attached cationic units. They offer significant value for a variety of applications in research and diagnostics applications. Research applications include PCR probes, PCR primers, in-vitro micro RNA detection and inhibition and siRNA. The addition of cationic residues to oligonucleotides increases their sensitivity and their ability to detect mutations, while remaining both easy to design and cost effective. ZNA also offers an increased affinity for nucleic acids without losing selectivity, improving performance in hybridization techniques.

"Sigma-Aldrich offers the largest portfolio of modifications and labels for oligonucleotides. We consider ZNA an important addition to our portfolio. The increased performances seen for ZNA oligonucleotides offers advantages for our customers, and we look forward to making this technology available to our global customer base," commented Theresa S. Creasey, Ph.D., Vice President of Sigma® Custom Products, Sigma-Aldrich.

Frederic Perraud, CEO of Polyplus-transfection, added: "We are very proud to collaborate with a leading life science company such as Sigma-Aldrich. This major agreement gives access to our ZNA technology to scientists worldwide and allows Polyplus to capitalize on its nucleic acid delivery research toward innovative applications in molecular biology."

Sigma-Aldrich offers a comprehensive collection of customized oligonucleotide services, including DNA oligos, DNA probes, RNA, siRNA oligos and peptide synthesis. For more information on ZNA from Sigma-Aldrich, visit http://www.sigma.com/znaoligos.

*About ZNA(TM)

ZNA(TM) (Zip Nucleic Acids) are oligocation-oligonucleotide conjugates that have an increased affinity for their complementary sequence without losing selectivity. This affinity increase is due to the cationic moieties, which reduce the charge repulsion between the two strands of nucleic acid. Thanks to the non-directive nature of electrostatic interactions, this affinity gain is independent of the base sequence and hence predictable, thus making the design of ZNA extremely easy. ZNA are made with a standard oligonucleotide synthesizer allowing fast, cost effective production as well as the ability to add other modifications such as fluorescent markers.

About Sigma-Aldrich

Sigma-Aldrich is a leading Life Science and High Technology company. Its biochemical and organic chemical products and kits are used in scientific and genomic research, biotechnology, pharmaceutical development, the diagnosis of disease and as key components in pharmaceutical and other high technology manufacturing. Sigma-Aldrich has customers in Life Science companies, university and government institutions, hospitals, and in industry. Over one million scientists and technologists use its products. Sigma-Aldrich operates in 38 countries and has 7,800 employees providing excellent service worldwide. Sigma-Aldrich is committed to Accelerating Customer Success through Innovation and Leadership in Life Science, High Technology and Service.

About Polyplus-transfection

Polyplus-transfection is a research-focused company developing and marketing innovative solutions for transfection and therapies based on nucleic acid delivery. Based in Strasbourg, France, the company has been selling its transfection reagents since 2001. The multidisciplinary Polyplus R&D team includes chemists, molecular and cellular biologists. Polyplus-transfection has extended its field of expertise to molecular biology reagents with the development of ZNA(TM) oligonucleotides. The company has numerous patents pending and licenses in the fields of nucleic acid delivery and modified oligonucleotides.

Cautionary Statement

This release contains forward-looking statements relating to future strategic actions and initiatives and similar intentions and beliefs and other statements regarding the Companies' expectations, beliefs, intentions and the like, which involve assumptions regarding the Companies' operations and conditions in the markets the Companies serve. The Companies do not undertake any obligation to update these forward-looking statements.

Sigma-Aldrich and Sigma are trademarks of Sigma-Aldrich Biotechnology L.P. and Sigma-Aldrich Co.

ZNA is a trademark of Polyplus-transfection.

Photo: http://www.newscom.com/cgi-bin/prnh/20050215/CGSIGMAALLOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Sigma-Aldrich

CONTACT: Sarah Bruno of Sigma-Aldrich, +1-314-286-7810,
sarah.bruno@sial.com; or Anne-Lise Monjanel of Polyplus-transfection, +33 (0)
390-406-180, almonjanel@polyplus-transfection.com; or media inquiries, Richard
Kerns, + 44 (0)161-728-5880, richard@impress-pr.com, or Mark Button,
+1-503-616-3817, mark@impress-pr.com, both of Impress Public Relations

Web Site: http://www.sigma-aldrich.com/

People to People Ambassador Programs Remembers Hurricane Katrina with Unique Summer Travel Opportunity for Students and AdultsNFL Quarterbacks Peyton and Eli Manning, Former Secretary of State Condoleezza Rice and Award-Winning Filmmaker Spike Lee Headline Gulf Coast Travel Experience to Immerse Participants in Ongoing Recovery Efforts

SPOKANE, Wash., Nov. 3 /PRNewswire/ -- People to People Ambassador Programs, the leader in global educational travel experiences, commemorates the upcoming fifth anniversary of Hurricane Katrina with a new summer program in 2010 entitled "Leadership Summit: Remembering Hurricane Katrina." Taking place June 28 - July 6, 2010, the new program is part of People to People's premier Leadership Programs that teach students in grades five through twelve important leadership and teamwork skills through workshops, community service projects and discussions with well-respected authorities on service and leadership.

The "Remembering Hurricane Katrina" program will feature talks from Indianapolis Colts quarterback Peyton Manning and his brother; New York Giants quarterback Eli Manning - both New Orleans natives. Additional speakers include former Secretary of State Condoleezza Rice and award-winning film director Spike Lee, who created the Katrina documentary When the Levees Broke: A Requiem in Four Acts. Other notable guest speakers will be on hand to discuss Hurricane Katrina with program participants, highlight the lessons learned, provide an update on the rebuilding efforts in New Orleans and underscore how all of us can give something back to our own communities and make a difference in the lives of others.

"This new travel program provides a unique opportunity for participants to learn firsthand about Hurricane Katrina while taking an active part in helping the city of New Orleans with its rebuilding efforts," said Peg Thomas, president of People to People Ambassador Programs. "From home rebuilding projects with Habitat for Humanity to refurbishing schools in New Orleans, all of our participants will spend several days working on community service projects that are focused on helping the city with its post-disaster recovery efforts."

During the week-long program, students will receive 60 service learning credit hours for giving back to the city of New Orleans via two major large-scale projects. One project is a home rebuilding effort with Habitat for Humanity®, an international non-profit organization dedicated to eliminating substandard housing and homelessness worldwide. The other is a variety of school rebuilding and repair projects throughout New Orleans with HandsOn New Orleans, an independent local affiliate of the Points of Light Institute that serves the needs of the local community.

Participants will also learn more about Hurricane Katrina through cultural visits around the city and by hearing first-hand accounts of the events as told by important guest speakers, including General Russel Honore, the US Army Lieutenant who led Task Force Katrina in the aftermath of the devastating hurricane, Tom Piazza, nationally acclaimed author of Why New Orleans Matters and Jim Reed, world-renowned weather photographer and self proclaimed "storm chaser".

Cultural visits around New Orleans will include a walking tour of the French Quarter, a bus tour of the city with visits to various neighborhood districts and a first-hand view of the levee that breached, which resulted in the devastating floods that took place within the city. Additionally, student participants will experience a swamp tour and a plantation tour.

Students and adults interested in learning more about Leadership Summit: Remembering Hurricane Katrina can visit http://www.peopletopeople.com/katrina. For additional information about People to People Ambassador Programs visit http://www.peopletopeople.com/ or call 877-787-2000.

About People to People Ambassador Programs

People to People Ambassador Programs is the most recognized and respected educational travel provider and has provided more than 400,000 citizens of the world the opportunity to promote peace through understanding. The Ambassador Programs include Citizen, Student, Sports and Leadership to promote international and domestic programs for professionals, students, athletes, and the leaders of tomorrow.

Participation in a program contributes directly to personal success in a globalized world and fosters international friendships. Our hands on, unique, educational travel programs provide access to people and places beyond compare, and combine unique cultural experiences with personal interaction to create global impact.

For nearly 50 years, People to People Ambassador Programs has helped participants travel to seven continents while maintaining an extraordinary track record of travel safety. Our safety record is the result of many factors, including a reliance on federal guidelines, the strength and experience of our leaders, our organization's expertise and experience in program destination countries, a vast global network of resources and team members, and a sincere commitment to the wellbeing of our Ambassadors and their families. For more information, visit http://www.peopletopeople.com/.

The Ambassador Programs serve as the exclusive educational travel provider of People to People International (PTPI), the nonprofit, Kansas City-based organization founded by President Dwight D. Eisenhower to promote peace through understanding worldwide. PTPI and Ambassadors Group are united in their mission of bridging cultural and political borders through education and exchange.

About Ambassadors Group

Ambassadors Group, Inc. is a socially conscious, education company located in Spokane, Washington. Ambassadors Group is the parent company of People to People Ambassador Programs, World Adventures Unlimited, and Book Rags, an educational research website. The company also oversees the Washington School of World Studies, an accredited travel study and distance learning school. Additional information about Ambassadors Group and its subsidiaries is available at http://www.ambassadorsgroup.com/.

People to People Ambassador Programs

CONTACT: Dan Lee of Weber Shandwick, +1-425-452-5495,
dlee@webershandwick.com, for People to People Ambassador Programs

Web Site: http://www.peopletopeople.com/
http://www.ambassadorsgroup.com/

WD(R) Enters Traditional Enterprise HDD Market With First SAS ProductWD S25 SAS Hard Drives Provide High-Reliability and Performance for Mission-critical Server and Storage Applications

LAKE FOREST, Calif., Nov. 3 /PRNewswire-FirstCall/ -- WD® , known for its hard disk drive leadership in the desktop, mobile and consumer marketplaces, today announced its entry into the traditional enterprise market segment with volume production shipments of its first 10,000 RPM, 2.5-inch, small form factor, SAS interface hard drives. The WD S25 provides up to 300 GB of high-performance storage suitable for both mission-critical enterprise server and enterprise storage applications, such as high-I/O-driven applications and configurations, as well as data centers and large data arrays.

"Our entry into the traditional-enterprise market continues the strategic expansion and diversification of WD's broad market and product portfolio, and significantly increases our addressable revenue opportunity," said John Coyne, president and CEO of WD. "As with our previous market expansion and diversification efforts, WD will approach the traditional enterprise space with the same focus on quality, customer service, technology and value that has earned us strong positions in every market we serve."

The WD S25 delivers ultra-high performance with its 3 Gb/s and 6 Gb/s SAS interfaces and a sustained sequential data rate of 128 MB/sec. In addition to all the speed required to service any enterprise need, the WD S25 also provides a 1.6 M hour MTBF rating.

The WD S25 is now available to select OEMs and shipments have begun to the two largest OEMs in the industry. "We are thrilled to launch a mission-critical-class hard drive to these high-end OEM customers," said Tom McDorman, vice president and general manager of WD's enterprise storage solutions business unit. "This new family of SAS products adds to our existing large capacity SATA near-line enterprise product portfolio. This first product is the foundation upon which we will expand into the previously untapped traditional enterprise market."

More information about WD S25 enterprise SAS hard drives may be found on the company's Web site at http://www.wdc.com/en/products/Products.asp?DriveID=677.

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® 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.

This press release contains forward-looking statements concerning WD's expansion into and approach to the enterprise space. The foregoing forward-looking statements are based on WD's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including: the impact of recent uncertainty and volatility in global economic conditions; supply and demand conditions in the hard drive industry; actions by competitors; unexpected advances in competing technologies; uncertainties related to the development and introduction of products based on new technologies and expansion into new data storage markets; business conditions and growth in the various hard drive markets; pricing trends and fluctuations in average selling prices; changes in the availability and cost of commodity materials and specialized product components that WD does not make internally; and other risks and uncertainties listed in WD's recent Form 10-K filed with the SEC on August 14, 2009, to which your attention is directed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and WD undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Western Digital, WD, and the WD logo are registered trademarks of Western Digital Technologies, Inc. in the U.S. and other countries .As used for storage capacity, one megabyte (MB) = one million bytes, one gigabyte (GB) = one billion bytes, and one terabyte (TB) = one trillion bytes. Total accessible capacity varies depending on operating environment. As used for transfer rate or interface, megabyte per second (MB/s) = one million bytes per second, and gigabit per second (Gb/s) = one billion bits per second.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000711/WDCLOGO)

Photo: http://www.newscom.com/cgi-bin/prnh/20000711/WDCLOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Western Digital Corp.

CONTACT: Public Relations, Heather Skinner, +1-949-672-7920,
heather.skinner@wdc.com, or Investor Relations, Bob Blair, +1-949-672-7834,
robert.blair@wdc.com, both of Western Digital Technologies

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

SPX Subsidiary to Acquire Assets of Yuba Heat Transfer LLCStrengthens Company's Heat Exchanger Business Serving Global Power Generation Industry

CHARLOTTE, N.C., Nov. 3 /PRNewswire-FirstCall/ -- SPX Corporation today announced that its SPX Heat Transfer Inc. subsidiary has entered into a definitive agreement with Connell Limited Partnership and Yuba Heat Transfer LLC ("Yuba") to acquire substantially all the assets and certain liabilities of Yuba, a leading global supplier of heat transfer equipment and related technology for the power generation industry. The terms of the transaction were not disclosed, but completion of the transaction is subject to customary closing conditions, including receipt of regulatory approvals.

Founded in 1928 and based in Tulsa, Oklahoma, Yuba is a world-class designer, manufacturer and servicer of heat transfer equipment sold under the Yuba and Ecolaire brands, and one of the leading companies supplying heat transfer equipment to the power generation industry. Yuba's heat exchangers are utilized by nuclear, solar, geothermal, gas and coal power generation facilities.

"Yuba's proven heat transfer products and installed base of thousands of customers across many fuel types will provide a significant opportunity to offer a broader range of solutions in key strategic markets, particularly in the U.S.," said SPX Chairman, President and Chief Executive Officer Christopher J. Kearney. "In fact, with Yuba's market presence and deep customer relationships in North America, we believe our businesses will be much better positioned to help the U.S. power industry address the pressing need to upgrade America's rapidly aging energy infrastructure."

"We have long been admirers of Yuba's business and senior management team and believe this transaction will complement the strong thermal equipment competencies of our 125-year-old Balcke-Durr business as well as those of SPX Cooling Technologies," said Drew Ladau, SPX segment president. "As such, we believe this acquisition will result in a broader offering of solutions to our power generation customers, in addition to serving new customers. We look forward to having the Yuba team members join SPX Heat Transfer Inc."

To date, more than 10,000 of Yuba Heat Transfer products, including over 6,500 feedwater heaters and over 3,500 condensers, have been installed at power generation facilities around the world.

"For decades, we've been proud of Yuba's accomplishments achieved during our stewardship and over those years, have worked closely with management to nurture and grow the business," said Frank Doyle, president and Chief Executive Officer of Connell Limited Partnership. "With this transaction, we believe the business is poised for a new stage in its evolution and are confident that the solid management team and dedicated employees of Yuba will thrive and fully realize their future global growth potential."

SPX's Thermal Equipment and Services segment is a leading provider of wet, dry and hybrid cooling towers, heat exchangers, air and flue gas systems and filter systems, utilized by thousands of power stations and plants in more than 60 countries across six continents. The segment's broad offering enables the maintaining, refurbishing, upgrading and modernizing of power stations, and includes a wide range of aftermarket services and solutions.

About SPX

SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.

SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.

SPX is headquartered in Charlotte, North Carolina and has employees in over 40 countries worldwide. Visit http://www.spx.com/.

Certain statements in this press release including any statements relating to consummation of the contemplated transaction or post-acquisition results, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word "expected," "anticipated" and similar expressions may identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.

SPX Corp

CONTACT: Ryan Taylor (Investors), +1-704-752-4486, investor@spx.com, or
Jennifer H. Epstein (Media), +1-704-752-7403, jennifer.epstein@spx.com

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

ComCam Announces Intent to Acquire Pinnacle Integrated Systems

WEST CHESTER, Pa., Nov. 3 /PRNewswire-FirstCall/ -- ComCam International, Inc. (Pink Sheets: CMCJ) announced today that it has entered into a letter of intent to acquire all of the issued and outstanding shares of Pinnacle Integrated Systems, Inc. ("P2"), a leading security systems integrator focused on correctional facilities.

P2 has integrated security systems across the United States, providing a complete range of services up to turnkey system design and installation, maintenance contracts including "24/7" help desk, and field support technicians. P2 maintains a website at http://p2abc.com/.

ComCam Chairman Don Gilbreath stated that "we are enthusiastic about the market opportunity that exists for the combination of talents and resources offered by both firms. I have known Bob Betty over ten years as a friend, a vendor, a supplier, a ComCam board member and one of the best operators in the system integration business. The timing is right for us to maximize current opportunities. P2 is cash flow positive on revenues of over $5m this year alone. Together we see growth in 2010 and beyond."

The letter of intent provides that ComCam will pay $1,000,000 in cash over six months, with a promissory note secured by P2's business, and 300,000 shares of ComCam common stock with performance options available for P2's management. Further, the letter of intent anticipates that ComCam will use its best efforts to complete an equity financing and secure letters of credit for system-level surety bonding which is required by state and federal agencies. The transaction is expected to close before the end of this year with P2 becoming a wholly owned subsidiary of ComCam.

ComCam is actively working on returning to full compliance with all SEC reporting requirements and will make application to move quotation of its common stock to the Over the Counter Bulletin Board as soon as is practicable.

ComCam develops and distributes computing remote network video devices, location aware analytics and services that are used, shared, managed and re-deployed throughout numerous divergent industries. More can be learned about our business by visiting our website at http://www.comcam.net/ - http://twitter.com/ComCam_CMCJ

Forward Looking Statements

A number of statements contained in this press release are forward-looking statements. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release. These forward-looking statements involve a number of risks and uncertainties, including timely development, market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that ComCam may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. ComCam encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. ComCam's public filings may be viewed at http://www.sec.gov/.

Contact Pete Ianace President ComCam International, Inc. Telephone: (972) 365.4848 Email: pete@comcam.net Robert Betty President Pinnacle Integrated Systems, Inc. Telephone: (610) 524-7810 Email: bbetty@p2inc.net

ComCam International, Inc.

CONTACT: Pete Ianace, President of ComCam International, Inc.,
+1-972-365-4848, pete@comcam.net; or Robert Betty, President of Pinnacle
Integrated Systems, Inc., +1-610-524-7810, bbetty@p2inc.net

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

Boise Inc. Announces Financial Results for Third Quarter 2009

BOISE, Idaho, Nov. 3 /PRNewswire-FirstCall/ -- Boise Inc. today reported net income of $48.2 million or $0.57 per diluted share for third quarter 2009, compared with third quarter 2008 net income of $4.4 million or $0.06 per diluted share and second quarter 2009 net income of $50.9 million or $0.60 per diluted share.

EBITDA excluding special items was $66.2 million for third quarter 2009, compared with $77.9 million for third quarter 2008 and $53.0 million for second quarter 2009.

FINANCIAL HIGHLIGHTS (in millions, except per-share data) ------- ------- ------- 3Q 2009 3Q 2008 2Q 2009 ------- ------- ------- Sales $508.3 $633.1 $479.4 Income from operations $93.5 $30.1 $96.6 Net income (loss) $48.2 $4.4 $50.9 Net income (loss) per share basic $0.61 $0.06 $0.65 Net income (loss) per share diluted $0.57 $0.06 $0.60 EBITDA (a) $128.0 $61.1 $130.6 EBITDA excluding special items (a) $66.2 $77.9 $53.0 (a) For reconciliation of net income (loss) to EBITDA and EBITDA to EBITDA excluding special items, see "Summary Notes to Consolidated Financial Statements and Segment Information."

"We continued to deliver solid earnings and cash flow in the third quarter and strengthened our balance sheet through our debt restructuring in October," said Alexander Toeldte, President and Chief Executive Officer of Boise Inc. "We experienced moderating costs, good demand in our core office papers and agricultural-based packaging products, and continued to see growth in our label and release, flexible packaging, and premium office paper markets. We are now in compliance with the NYSE listing standards, have a more flexible debt structure, and have a clear focus on our continued mission to generate earnings and cash."

Sales

Total sales for third quarter 2009 were $508.3 million, a decrease of $124.8 million, or 20%, from $633.1 million for third quarter 2008 and up 6% from second quarter 2009 sales of $479.4 million.

Paper segment sales during third quarter 2009 decreased $65.0 million, or 15%, to $366.0 million from $431.0 million for third quarter 2008, driven by 11% lower sales volumes and 1% lower net sales prices for uncoated freesheet. In first quarter 2009, we completed the downsizing of our mill in St. Helens, Oregon, which eliminated 13% of our annual uncoated freesheet capacity. Paper segment sales in third quarter 2009 increased by $9.6 million, or 3%, from second quarter 2009, driven by higher sales volumes, offset partially by lower net sales prices.

Packaging segment sales during third quarter 2009 decreased $62.4 million, or 29%, to $150.5 million from $212.9 million for third quarter 2008. Lower newsprint volumes due to the indefinite idling of our DeRidder #2 newsprint machine and lower net sales prices for newsprint and linerboard contributed to the decline. This was offset partially by increased linerboard sales volumes to third parties. Packaging segment sales increased $20.2 million, or 16%, from second quarter 2009 due to higher sales volumes across all products, offset partially by lower net selling prices for newsprint, linerboard, and corrugated products.

Prices and Volumes

Average net selling prices of uncoated freesheet papers declined $14 per ton, or 1%, to $941 per ton during third quarter 2009 compared with third quarter 2008 and declined $17 per ton, or 2%, from second quarter 2009. Uncoated freesheet sales volumes were 325,000 tons during third quarter 2009, a decline of 11% versus the prior year period, due to reduced capacity and lower demand. Uncoated freesheet sales volumes increased 3% from second quarter 2009 on reduced market downtime, improved demand, and higher sales volumes of office and printing and converting papers. Combined sales volumes of premium office, label and release, and flexible packaging papers (which represented 27% of our third quarter 2009 uncoated freesheet sales volumes) increased by 2% from the prior year.

Corrugated container and sheet prices were flat at $58 per msf in third quarter 2009 over prices for these products during the third quarter 2008 and decreased $1 per msf, or 2%, compared with second quarter 2009 prices. Sales volumes for corrugated containers and sheets were 1.6 million msf in third quarter 2009, a decline of 4% from third quarter 2008, due primarily to sluggish industrial markets, which resulted in lower sales volumes from our sheet feeder plant in Texas. Corrugated products sales volumes increased 8% from second quarter 2009 on improving seasonal agricultural and food sector demand in our Pacific Northwest corrugated plants.

Linerboard net selling prices to third parties declined $108 per ton, or 28%, to $284 per ton in third quarter 2009 from $392 per ton in the third quarter 2008 and declined $18 per ton, or 6%, from second quarter 2009, due to soft demand, particularly in export markets. Linerboard sales volumes to third parties were 77,000 tons, an increase of 24% compared with the third quarter 2008 and an increase of 41% from second quarter 2009. In the third quarter 2008, we took production downtime as a result of hurricanes Gustav and Ike, which reduced sales volumes during that period. In the second quarter 2009, we took market downtime to balance production with lower demand at our mill in DeRidder, Louisiana.

Input Costs

Total fiber, energy, and chemical costs for third quarter 2009 were $205.8 million, a decrease of $97.9 million, or 32%, from costs of $303.7 million for third quarter 2008. Much of the decline was driven by reduced consumption as a result of the restructuring of our mill in St. Helens, Oregon, and the idling of our DeRidder #2 machine at our mill in DeRidder, Louisiana. Total fiber, energy, and chemical costs for third quarter 2009 increased $22.1 million, or 12%, from costs of $183.7 million for second quarter 2009.

INPUT COST SUMMARY (in millions) ------- ------- ------- 3Q 2009 3Q 2008 2Q 2009 ------- ------- ------- Fiber $108.2 $136.4 $92.2 Energy $41.9 $95.6 $40.5 Chemicals $55.7 $71.7 $51.0 Total $205.8 $303.7 $183.7

Fiber costs during third quarter 2009 were $108.2 million, a decrease of $28.2 million, or 21%, from $136.4 million in third quarter 2008; this was due to lower fiber prices and reduced consumption due to lower demand and production capacity as a result of the St. Helens mill downsizing. Fiber costs increased $16.0 million, or 17%, from second quarter 2009 due primarily to increased consumption as a result of higher production volumes.

Energy costs in third quarter 2009 decreased $53.7 million, or 56%, to $41.9 million compared with $95.6 million in the same quarter a year ago and were flat from second quarter 2009.

Chemical costs in third quarter 2009 were $55.7 million, a decrease of $16.0 million, or 22%, compared with $71.7 million in the same quarter a year ago due to lower consumption and prices and increased $4.6 million, or 9% compared with second quarter 2009 due to increased sales volumes, offset partially by lower chemical prices.

Debt Restructuring

In October, we amended our secured debt credit agreements and issued $300.0 million of senior unsecured notes in an offering as part of a debt restructuring to increase financial flexibility, extend debt maturities, simplify our capital structure, and reduce overall debt. The notes are due in November 2017 and bear interest at a rate of 9%. The proceeds from this offering and cash on hand were used to repay $75.0 million of our Tranche A and Tranche B term loan facilities at par; repurchase all of our $260.7 million second lien term loans at 113% of face value; and exercise the option we entered into on August 4, 2009, to repurchase and retire the $74.8 million notes payable at 70% of face value.

Alternative Fuel Mixture Credit

During the three months ended September 30, 2009, we recorded $59.6 million of alternative fuel mixture credits, net of associated fees and expenses and before taxes. As of September 30, 2009, we recorded a receivable of $29.2 million for alternative fuel mixture credits. Our first quarter 2009 results do not include any effects of the alternative fuel mixture credits. These credits are scheduled to expire December 31, 2009.

Webcast and Conference Call

Boise Inc. will host a webcast and conference call on Tuesday, November 3, 2009, at 12:00 p.m. Eastern, at which time we will review the company's recent performance. To participate in the conference call, dial 866-841-1001 (international callers should dial 832-4451689). The webcast may be accessed through Boise's Internet site and will be archived for one year following the call. Go to http://www.boiseinc.com/ and click on the link to the webcast under Webcasts & Presentations on the Investors drop-down menu.

A replay of the conference call will be available in Webcasts & Presentations from November 3 at 1:00 p.m. Eastern through December 3 at 11:59 p.m. Eastern. Playback numbers are 800-642-1687 for U.S. callers and 706-645-9291 for international callers. The passcode is 37025622.

About Boise Inc.

Headquartered in Boise, Idaho, Boise Inc. manufactures packaging products and papers including corrugated containers, containerboard, label and release and flexible packaging papers, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp. Our entire team of approximately 4,100 employees is committed to delivering excellent value while managing our businesses to sustain environmental resources for future generations. Visit our Web site at http://www.boiseinc.com/.

Basis of Presentation

We present our consolidated financial statements in accordance with U.S. generally accepted accounting principles (GAAP). Our earnings release also supplements the GAAP presentations by reflecting EBITDA. EBITDA represents income (loss) before interest (change in fair value of interest rate derivatives, interest expense, and interest income), income taxes, and depreciation, amortization, and depletion. EBITDA is the primary measure used by our chief operating decision makers to evaluate segment operating performance and to decide how to allocate resources to segments. We believe EBITDA is useful to investors because it provides a means to evaluate the operating performance of our segments and our company on an ongoing basis using criteria that are used by our internal decision makers and because it is frequently used by investors and other interested parties in the evaluation of companies with substantial financial leverage. We believe EBITDA is a meaningful measure because it presents a transparent view of our recurring operating performance and allows management to readily view operating trends, perform analytical comparisons, and identify strategies to improve operating performance. For example, we believe that the inclusion of items such as taxes, interest expense, and interest income distorts management's ability to assess and view the core operating trends in our segments. EBITDA, however, is not a measure of our liquidity or financial performance under GAAP and should not be considered as an alternative to net income (loss), income (loss) from operations, or any other performance measure derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our liquidity. The use of EBITDA instead of net income (loss) or segment income (loss) has limitations as an analytical tool, including the inability to determine profitability; the exclusion of interest and associated significant cash requirements; and the exclusion of depreciation, amortization, and depletion, which represent significant and unavoidable operating costs, given the level of our indebtedness and the capital expenditures needed to maintain our businesses. Management compensates for these limitations by relying on our GAAP results. Our measures of EBITDA are not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the methods of calculation.

Forward-Looking Statements

This news release contains statements that are "forward looking" as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements. Forward-looking statements involve risks and uncertainties, including but not limited to economic, competitive, and technological factors outside our control that may cause our business, strategy, or actual results to differ materially from the forward-looking statements. For further information about the risks and uncertainties associated with our business, please refer to our filings with the Securities and Exchange Commission. The company does not intend, and undertakes no obligation, to update any forward-looking statements.

Boise Inc. Consolidated Statements of Income (Loss) (unaudited, in thousands, except share and per-share data) Three Months Ended ------------------ September 30 June 30, ------------ -------- 2009 2008 2009 ---- ---- ---- Sales Trade $498,812 $610,909 $469,877 Related parties 9,453 22,209 9,490 ----- ------ ----- 508,265 633,118 479,367 ------- ------- ------- Costs and expenses Materials, labor, and other operating expenses 401,607 526,731 386,013 Fiber costs from related parties 10,325 21,213 8,933 Depreciation, amortization, and depletion 32,916 31,426 32,892 Selling and distribution expenses 13,588 13,803 14,024 General and administrative expenses 12,813 9,891 12,691 St. Helens mill restructuring 1,402 - 1,133 Alternative fuel mixture credits, net (59,572) - (75,337) Other (income) expense, net 1,710 (36) 2,434 ----- --- ----- 414,789 603,028 382,783 ------- ------- ------- Income from operations 93,476 30,090 96,584 ------ ------ ------ Foreign exchange gain (loss) 1,597 (449) 1,157 Change in fair value of interest rate derivatives 125 (306) 627 Interest expense (21,436) (27,484) (21,389) Interest income 130 153 91 --- --- -- (19,584) (28,086) (19,514) ------- ------- ------- Income before income taxes 73,892 2,004 77,070 Income tax (provision) benefit (25,737) 2,379 (26,187) ------- ----- ------- Net income $48,155 $4,383 $50,883 ======= ====== ======= Weighted average common shares outstanding: Basic 78,634,920 77,259,947 78,141,637 Diluted 84,240,582 78,438,847 84,253,862 Net income per common share: Basic $0.61 $0.06 $0.65 Diluted $0.57 $0.06 $0.60 Segment Information (unaudited, in thousands) Three Months Ended ------------------- September 30 June 30, ------------ ------- 2009 2008 2009 ---- ---- ---- Segment sales Paper $365,963 $430,973 $356,401 Packaging 150,462 212,886 130,237 Intersegment eliminations and other (8,160) (10,741) (7,271) ------ ------- ------ $508,265 $633,118 $479,367 ======== ======== ======== Segment income (loss) Paper* $78,272 $25,304 $84,505 Packaging* 22,290 10,148 20,330 Corporate and Other* (5,489) (5,811) (7,094) ------ ------ ------ 95,073 29,641 97,741 ------ ------ ------ Change in fair value of interest rate derivatives 125 (306) 627 Interest expense (21,436) (27,484) (21,389) Interest income 130 153 91 --- --- --- Income (loss) before income taxes $73,892 $2,004 $77,070 ======= ====== ======= EBITDA (a) Paper* $99,443 $49,378 $105,604 Packaging* 32,966 16,422 31,108 Corporate and Other * (4,420) (4,733) (6,079) ------ ------ ------ $127,989 $61,067 $130,633 ======== ======= ======== * The three months ended September 30, 2009, and June 30, 2009, included $42.9 million and $57.0 million of income recorded in the Paper segment, $19.4 million and $19.9 million of income recorded in the Packaging segment, and $2.7 million and $1.6 million of expenses recorded in the Corporate and Other segment relating to alternative fuel mixture credits, respectively. These amounts are net of fees and expenses and before taxes. Boise Inc. Consolidated Statements of Income (Loss) (unaudited, in thousands, except share and per-share data) Boise Inc. Predecessor ---------- ----------- Nine Months Ended January 1 September 30 Through ------------ February 21, 2009 2008 2008 ---- ---- ---- Sales Trade $1,453,557 $1,423,536 $258,430 Related parties 34,360 55,977 101,490 ------ ------ ------- 1,487,917 1,479,513 359,920 --------- --------- ------- Costs and expenses Materials, labor, and other operating expenses 1,200,759 1,266,250 313,931 Fiber costs from related parties 24,961 46,857 7,662 Depreciation, amortization, and depletion 97,780 76,862 477 Selling and distribution expenses 41,394 34,563 9,097 General and administrative expenses 35,877 26,702 6,606 St. Helens mill restructuring 6,183 - - Alternative fuel mixture credits, net (134,909) - - Other (income) expense, net 4,383 (160) (989) ----- ---- ---- 1,276,428 1,451,074 336,784 --------- --------- ------- Income from operations 211,489 28,439 23,136 ------- ------ ------ Foreign exchange gain (loss) 2,076 (1,511) 54 Change in fair value of interest rate derivatives 620 204 - Interest expense (64,979) (65,064) (2) Interest income 275 2,152 161 --- ----- --- (62,008) (64,219) 213 ------- ------- --- Income (loss) before income taxes 149,481 (35,780) 23,349 Income tax (provision) benefit (51,359) 5,742 (563) ------- ----- ---- Net income (loss) $98,122 $(30,038) $22,786 ======= ======== ======= Weighted average common shares outstanding: Basic 78,093,453 72,418,643 - Diluted 82,692,945 72,418,643 - Net income (loss) per common share: Basic $1.26 $(0.41) $- Diluted $1.19 $(0.41) $- Segment Information (unaudited, in thousands) Boise Inc. Predecessor ----------- ----------- Nine Months Ended January 1 Through September 30 February 21, ------------ 2009 2008 2008 ---- ---- ---- Segment sales Paper $1,074,359 $1,014,053 $253,508 Packaging 437,831 489,918 113,485 Intersegment eliminations and other (24,273) (24,458) (7,073) ------- ------- ------ $1,487,917 $1,479,513 $359,920 ========== ========== ======== Segment income (loss) Paper* $187,553 $44,988 $20,718 Packaging* 43,745 (4,971) 5,685 Corporate and Other* (17,733) (13,089) (3,213) ------- ------- ------ 213,565 26,928 23,190 ------- ------ ------ Change in fair value of interest rate derivatives 620 204 - Interest expense (64,979) (65,064) (2) Interest income 275 2,152 161 --- ----- --- Income (loss) before income taxes $149,481 $(35,780) $23,349 ======== ======== ======= EBITDA (a) Paper* $251,169 $95,124 $21,066 Packaging* 74,855 19,511 5,738 Corporate and Other* (14,679) (10,845) (3,137) ------- ------- ------ $311,345 $103,790 $23,667 ======== ======== ======= * The nine months ended September 30, 2009, included $99.9 million of income recorded in the Paper segment, $39.3 million of income recorded in the Packaging segment, and $4.3 million of expenses recorded in the Corporate and Other segment relating to alternative fuel mixture credits. These amounts are net of fees and expenses and before taxes. Boise Inc. Consolidated Balance Sheets (unaudited, in thousands) September 30, December 31, 2009 2008 -------------- ------------- ASSETS Current Cash and cash equivalents $237,604 $22,518 Short-term investments 10,010 - Receivables Trade, less allowances of $1,074 and $961 190,561 220,204 Related parties 2,037 1,796 Other* 36,547 4,937 Inventories 256,206 335,004 Deferred income taxes - 5,318 Prepaid and other 7,648 6,289 ----- ----- 740,613 596,066 ------- ------- Property Property and equipment, net 1,218,759 1,262,810 Fiber farms and deposits 17,208 14,651 ------ ------ 1,235,967 1,277,461 --------- --------- Deferred financing costs 63,851 72,570 Intangible assets, net 33,047 35,075 Other assets 7,881 7,114 ----- ----- Total assets $2,081,359 $1,988,286 ========== ========== * September 30, 2009, includes a $29.2 million receivable for alternative fuel mixture credits. Boise Inc. Consolidated Balance Sheets (continued) (unaudited, in thousands, except share and per-share data) September 30, December 31, 2009 2008 -------------- ------------- LIABILITIES AND STOCKHOLDERS' EQUITY Current Current portion of long-term debt $22,235 $25,822 Income taxes payable 340 841 Accounts payable Trade 165,780 177,157 Related parties 3,512 3,107 Accrued liabilities Compensation and benefits 67,573 44,488 Interest payable 163 184 Other 22,679 17,402 ------ ------ 282,282 269,001 ------- ------- Debt Long-term debt, less current portion 932,517 1,011,628 Notes payable 74,788 66,606 ------ ------ 1,007,305 1,078,234 --------- --------- Other Deferred income taxes 44,481 8,907 Compensation and benefits 151,428 149,691 Other long-term liabilities 45,618 33,007 ------ ------ 241,527 191,605 ------- ------- Commitments and contingent liabilities Stockholders' Equity Preferred stock, $.0001 par value per share: - - 1,000,000 shares authorized; none issued Common stock, $.0001 par value per share: 8 8 250,000,000 shares authorized; 84,434,691 shares and 79,716,130 shares issued and outstanding Additional paid-in capital 577,782 575,151 Accumulated other comprehensive income (loss) (85,636) (85,682) Retained earnings (accumulated deficit) 58,091 (40,031) ------ ------- Total stockholders' equity 550,245 449,446 ------- ------- Total liabilities and stockholders' equity $2,081,359 $1,988,286 ========== ========== Boise Inc. Consolidated Statements of Cash Flows (unaudited, in thousands) Boise Inc. Predecessor ---------- ----------- January 1 Nine Months Ended Through September 30 February 21, ------------ 2009 2008 2008 ---- ---- ---- Cash provided by (used for) operations Net income (loss) $98,122 $(30,038) $22,786 Items in net income (loss) not using (providing) cash Depreciation, depletion, and amortization of deferred financing costs and other 107,471 83,803 477 Share-based compensation expense 2,631 1,934 - Related-party interest expense - 2,760 - Notes payable interest expense 8,182 2,989 - Pension and other postretirement benefit expense 6,605 7,128 1,826 Deferred income taxes 42,667 (5,742) 11 Change in fair value of energy derivatives (4,902) 7,471 (37) Change in fair value of interest rate derivatives (620) (204) - (Gain) loss on sales of assets, net 395 4 (943) Other (2,076) 1,511 (54) Decrease (increase) in working capital, net of acquisitions Receivables 1,628 (1,851) (23,522) Inventories 79,004 (20,660) 5,343 Prepaid expenses (462) (5,400) 875 Accounts payable and accrued liabilities 18,436 29,869 (10,718) Current and deferred income taxes 7,991 (1,488) 335 Pension and other postretirement benefit payments (7,204) (291) (1,826) Other 1,779 (3,388) 2,326 ----- ------ ----- Cash provided by (used for) operations 359,647 68,407 (3,121) ------- ------ ------ Cash provided by (used for) investment Acquisitions of businesses and facilities (543) (1,215,641) - Cash released from (held in) trust, net - 403,989 - Expenditures for property and equipment (53,562) (58,928) (10,168) Purchases of short-term investments (13,792) - - Maturities of short-term investments 3,774 Sales of assets 639 241 17,662 Other 1,621 (1,838) 863 ----- ------ --- Cash provided by (used for) investment (61,863) (872,177) 8,357 ------- -------- ----- Cash provided by (used for) financing Issuances of long-term debt 10,000 1,105,700 - Payments of long-term debt (92,698) (60,500) - Payments to stockholders for exercise of conversion rights - (120,170) - Payments of deferred financing fees - (81,898) - Payments of deferred underwriters fees - (12,420) - Net equity transactions with related parties - - (5,237) - - ------ Cash provided by (used for) financing (82,698) 830,712 (5,237) ------- ------- ------ Increase (decrease) in cash and cash equivalents 215,086 26,942 (1) Balance at beginning of the period 22,518 186 8 ------ --- - Balance at end of the period $237,604 $27,128 $7 ======== ======= === Summary Notes to Consolidated Financial Statements and Segment Information

The Consolidated Statements of Income (Loss), Consolidated Balance Sheets, Consolidated Statements of Cash Flows, and Segment Information do not include all Notes to Consolidated Financial Statements and should be read in conjunction with the Company's 2008 Annual Report on Form 10K and the Company's Quarterly Report on Form 10Q for the period ended September 30, 2009, as well as the other reports the Company files with the SEC. Net income (loss) for all periods presented involved estimates and accruals.

On February 22, 2008, Boise Inc. or "the Company," "we," "us," or "our" completed the acquisition (the Acquisition) of Boise White Paper, L.L.C., Boise Packaging & Newsprint, L.L.C., Boise Cascade Transportation Holdings Corp. (collectively, the Paper Group), and other assets and liabilities related to the operation of the paper, packaging and newsprint, and transportation businesses of the Paper Group and part of the headquarters operations of Boise Cascade, L.L.C. (Boise Cascade). The business we acquired is referred to as the "Predecessor."

The accompanying consolidated statement of income (loss) and cash flows for the nine months ended September 30, 2008, include the activities of Aldabra 2 Acquisition Corp. prior to the Acquisition and the operations of the acquired businesses from February 22, 2008, through September 30, 2008. The consolidated statement of income (loss) and cash flows for the period of January 1 through February 21, 2008, of the Predecessor are presented for comparative purposes.

Boise Inc. operates its business in three reportable segments: Paper, Packaging, and Corporate and Other (support services). Boise Inc. manufactures commodity and premium office papers, a range of packaging papers, including label and release papers, flexible packaging papers, and printing and converting papers. Boise Inc. also manufactures corrugated containers, containerboard, newsprint, and market pulp.

(a) EBITDA represents income (loss) before interest (change in fair value of interest rate derivatives, interest expense, and interest income), income taxes, and depreciation, amortization, and depletion. The following table reconciles net income to EBITDA for Boise Inc. for the three months ended September 30, 2009 and 2008, and the three months ended June 30, 2009 (unaudited, in thousands): Three Months Ended ------------------ September 30 June 30, ------------ ------- 2009 2008 2009 ---- ---- ---- Net income $48,155 $4,383 $50,883 Change in fair value of interest rate derivatives (125) 306 (627) Interest expense 21,436 27,484 21,389 Interest income (130) (153) (91) Income tax provision (benefit) 25,737 (2,379) 26,187 Depreciation, amortization, and depletion 32,916 31,426 32,892 ------ ------ ------ EBITDA $127,989 $61,067 $130,633 ======== ======= ======== The following table reconciles net income (loss) to EBITDA for Boise Inc. for the nine months ended September 30, 2009 and 2008, and for the Predecessor period of January 1 through February 21, 2008 (unaudited, in thousands): Boise Inc. Predecessor ---------- ----------- Nine Months Ended January 1 Through September 30 February 21, ------------ 2009 2008 2008 ---- ---- ---- Net income (loss) $98,122 $(30,038) $22,786 Change in fair value of interest rate derivatives (620) (204) - Interest expense 64,979 65,064 2 Interest income (275) (2,152) (161) Income tax provision (benefit) 51,359 (5,742) 563 Depreciation, amortization, and depletion 97,780 76,862 477 ------ ------ --- EBITDA $311,345 $103,790 $23,667 ======== ======== ======= The following table reconciles EBITDA to EBITDA excluding special items for Boise Inc. for the three months ended September 30, 2009 and 2008, and the three months ended June 30, 2009 (unaudited, in thousands): Three Months Ended ------------------ September 30 June 30, ------------ ------- 2009 2008 2009 ---- ---- ---- EBITDA $127,989 $61,067 $130,633 St. Helens mill restructuring (a) 1,402 - 1,133 Alternative fuel mixture credits (b) (59,572) - (75,337) Impact of energy hedges (3,624) 11,341 (3,468) Hurricane losses - 5,482 - - ----- - EBITDA excluding special items $66,195 $77,890 $52,961 ======= ======= ======= (a) In November 2008, we announced the restructuring of our St. Helens, Oregon, paper mill. During the three months ended September 30, 2009, and June 30, 2009, we recorded $1.4 million and $1.1 million, respectively, of restructuring charges in "St. Helens mill restructuring." (b) During first quarter 2009, we filed to be registered as an alternative fuel mixer and, in April, received notification from the Internal Revenue Service that our registration was approved. We became eligible to receive the tax credit at our four pulp and paper mills beginning at various dates from late January to late March 2009. During the three months ended September 30, 2009, we recorded $59.6 million of alternative fuel mixture credits, net of associated fees and expenses and before taxes. We recorded these amounts in "Alternative fuel mixture credits, net" in our Consolidated Statement of Income (Loss), and at September 30, 2009, we had $29.2 million recorded in "Receivables, other." The following table reconciles EBITDA to EBITDA excluding special items for Boise Inc. for the nine months ended September 30, 2009 and 2008. The table also reconciles the Predecessor period of January 1 through February 21, 2008, and the combined nine months ended September 30, 2008 (unaudited, in thousands): Boise Inc. Predecessor Combined ---------- ----------- -------- Nine Months Ended January 1 Through Nine Months Ended September 30 February 21, September 30, ------------ 2009 2008 2008 2008 ---- ---- ---- ---- EBITDA $311,345 $103,790 $23,667 $127,457 St. Helens mill restructuring (a) 6,183 - - - Alternative fuel mixture credits (b) (134,909) - - - Impact of energy hedges (4,901) 7,471 (37) 7,434 Hurricane losses - 5,482 - 5,482 Inventory purchase accounting expense - 10,259 - 10,259 Impact of DeRidder Outage - 19,776 732 20,508 - ------ --- ------ EBITDA excluding special items $177,718 $146,778 $24,362 $171,140 ======== ======== ======= ======== (a) In November 2008, we announced the restructuring of our St. Helens, Oregon, paper mill. During the nine months ended September 30, 2009, we recorded $6.2 million of restructuring charges in "St. Helens mill restructuring." (b) During first quarter 2009, we filed to be registered as an alternative fuel mixer and, in April, received notification from the Internal Revenue Service that our registration was approved. We became eligible to receive the tax credit at our four pulp and paper mills beginning at various dates from late January to late March 2009. During the nine months ended September 30, 2009, we recorded $134.9 million of alternative fuel mixture credits, net of associated fees and expenses and before taxes. We recorded these amounts in "Alternative fuel mixture credits, net" in our Consolidated Statement of Income (Loss), and at September 30, 2009, we had $29.2 million recorded in "Receivables, other."

Boise Inc.

CONTACT: Media, Virginia Aulin, +1-208-384-7837, or Investors, Jason
Bowman, +1-208-384-7456, both of Boise Inc.

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

SAIC Awarded Contract to Support U.S. Transportation Security Administration - Office of Security TechnologyCompany to Provide Security Equipment Integration Services

SAN DIEGO and MCLEAN, Va., Nov. 3 /PRNewswire-FirstCall/ -- Science Applications International Corporation today announced it has been awarded a prime contract by the U.S. Transportation Security Administration (TSA) to provide security equipment integration services to the Office of Security Technology (OST). The multiple award indefinite delivery/indefinite quantity contract has a five year period of performance and a ceiling value of $500 million for all awardees. Work will be performed at TSA facilities both inside and outside the continental United States.

Under the contract, SAIC and other contractors will support the update of security equipment at TSA locations nationwide. Contractors may also help oversee the execution of rapid installation of equipment.

"Threats to our transportation system continue to evolve and are more sophisticated than ever before," said John Ferriter, SAIC senior vice president and business unit general manager. "We look forward to helping TSA rapidly field screening equipment, using every tool possible to address those threats and develop methods of combating them - this use of technology will help us stay ahead of those intent on harming our nation."

About SAIC

SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $10.1 billion for its fiscal year ended January 31, 2009. For more information, visit http://www.saic.com/.

SAIC: From Science to Solutions®

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2009, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Contact: Melissa Koskovich Laura Luke (703) 676-6762 (703) 676-6533 Melissa.l.koskovich@saic.com laura.luke@saic.com

SAIC

CONTACT: Melissa Koskovich, +1-703-676-6762,
Melissa.l.koskovich@saic.com, or Laura Luke, +1-703-676-6533,
laura.luke@saic.com, both of SAIC

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

Landstar To Participate in Baird's 2009 Industrial Conference

JACKSONVILLE, Fla., Nov. 3 /PRNewswire-FirstCall/ -- Landstar System, Inc. , a non-asset based provider of integrated supply chain solutions delivering safe, specialized transportation, warehousing and logistics services, announced today its participation in Baird's 2009 Industrial Conference on Tuesday, November 10th at the Four Seasons Hotel in Chicago, Illinois. Landstar President and CEO Henry Gerkens will present an overview of the Company and provide an update with respect to the current level of business activity.

Landstar's presentation begins at 2:30 p.m. CT on November 10th. It will be broadcast live via the Internet at http://www.landstar.com/. Click on "Investor Relations", "Webcasts", and "Landstar to Participate in Baird's 2009 Industrial Conference". The webcast will be available through Tuesday, November 17th. For more information about the presentation or webcast, please contact Landstar's Investor Relations Department at 904-390-1530 or email staylor@landstar.com.

About Landstar:

Landstar System, Inc. is a non-asset based provider of integrated supply chain solutions. Landstar delivers safe, specialized transportation, warehousing and logistics services to a broad range of customers worldwide utilizing a network of agents, third- party capacity owners and employees. All Landstar transportation companies are certified to ISO 9001:2000 quality management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.

Landstar System, Inc.

CONTACT: Jim Gattoni, Landstar System, Inc., +1-904-398-9400

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

Landstar Inc. (LDSR) Promotes Its Technology to the Major Oil Enterprises in Southern China

WUHAN, China, Nov. 3 /PRNewswire-FirstCall/ -- Landstar Inc.'s (LDSR; http://www.landstarcorp.com/) main operating subsidiary Hubei Chuguan Industry Co. Ltd. gained spotlight at the Governance Seminar focused on oil and gas recovery introducing their technology to a wide audience of China's oil enterprises.

Lee Congtang, chairman of Hubei Chuguan Industry Co. Ltd. introduced an example of the company's technology and introduced this state-of-the-art technology to the participants from more than 100 oil enterprises. The seminar opened new channels of cooperation for Hubei Chuguan Industry Co. Ltd. in the oil industries of southern China.

Chen Shunsui, president of the Petroleum Industry Association of Guangdong Province highly praised Hubei Chuguan Industry Co. Ltd.'s oil and gas recovery units and recommended this technology to the members of the China National Petroleum, Sinopec, CNOOC, CNPC and other gas station, oil storage and marketing enterprises present at the seminar.

Scientists Li Gang (Beijing Academy of Environmental Sciences) and Qian Hua (Atmospheric Environment Institute, Shanghai Academy of Environmental Sciences) both praised Hubei Chuguan Industry Co. Ltd.'s oil and gas recovery technology after they analyzed the current domestic oil and gas recovery treatment situations.

The Oil and Gas Recovery Governance Seminar was an effort of Hubei Chuguan Industry Co. Ltd. and the Guangdong Provincial Environmental Protection Industry Association. Hubei Chuguan Industry Co. Ltd. hosted the seminar to promote company's one-stop lease sale model as well as business expansion in the markets of southern China.

The heads and dignitaries of the following organizations participated in the seminar: Guangzhou Economic and Trade Commission, Guangdong Provincial Economic and Trade Commission, Guangdong Provincial Environmental Protection Bureau, Guangdong Provincial Safety Supervision Bureau, Guangzhou Environmental Protection Bureau and others.

Hubai Chuguan Industry Co. Ltd., a subsidiary of LandStar Inc., provides recycling solutions on settlement and reconstruction for oil and gas. With the technologies of Nippon Oil Corporation at its core, Hubai Chuguan Industry Co. Ltd. purchases parts and assembles the recycling units in China.

To receive future updates, via email including quarterly newsletters and company updates which may not be newsworthy however important to the reader and followers of the company please sign up today free at http://www.minamargroup.com/updates

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of LandStar Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. LandStar Inc. cautions you that any forward-looking information provided by or on behalf of LandStar Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. LandStar Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond LandStar Inc.'s control. In addition to those discussed in LandStar Inc.'s press releases, public filings, and statements by LandStar Inc.'s management, including, but not limited to, LandStar Inc.'s estimate of the sufficiency of its existing capital resources, LandStar Inc.'s ability to raise additional capital to fund future operations, LandStar Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match LandStar Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. LandStar Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

CONTACT: For any investor relations matters, please contact http://www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, http://www.minamargroup.net/ (IR); For (M&A) and Corporate Matters, http://www.minamargroup.com/

Land Star Corp

CONTACT: For any investor relations matters, please contact
http://www.minamargroup.net/helpdesk; Investor Relations Department Inquiry,
http://www.minamargroup.net/ (IR); For (M&A) and Corporate Matters,
http://www.minamargroup.com/

Hard to Treat Diseases (HTDS) 4 Million Dollar Contract To A Major Indian Corporation

SHENZHEN, China, Nov. 3 /PRNewswire-FirstCall/ -- Hard to Treat Diseases (HTDS; http://www.htdsmedical.com/) Mellow Hope operating subsidiary is in process of finalizing contract details with Hetero Ltd., http://www.heterodrugs.com/ one of the largest pharmaceutical manufacturers in India. This contract has been in the works since March 2009, and its finalization promises solid sales boost for Hard to Treat Diseases.

The contract between secures the supply of raw pharmaceutical material for HTDS' Mellow Hope in the range of about 4 million dollars. The contract completion is in final stages, and the shipments are already scheduled. This contract is bound to strengthen present and future sales of the raising pharmaceutical dragon Mellow Hope of Hard to Treat Diseases (HTDS).

In other company news, since September 24, 2009, when Chinese State Food and Drug Administration (SFDA; http://eng.sfda.gov.cn/eng/) granted the H1N1 vaccine licence to Mellow Hope's exclusive business partner Zhejiang Tianyuan Bio-pharmaceutical Co. Ltd., Mellow Hope received inquiries from many potential buyers around the world. At the present, the most promising deals on the horizon include deals with Southeast Asia and Chile. Mellow Hope is the largest exporter of vaccines in China and the H1N1 vaccine licence gives the company a great advantage over the competition. The company expects to make progress announcements on the H1N1 front shortly.

Besides Mellow Hope, Hard to Treat Diseases (HTDS) is also a parent company with operations in Serbia based Slavica Biochem. This company focuses on the enhancement and modification of existing and approved medications as well as on cancer research. This MindUp cancer research has been delivering groundbreaking results on the international level. The company expects to make an announcement with a Canadian based pharmaceutical company on this shortly.

To receive future updates, via email including quarterly newsletters and company updates which may not be newsworthy however important to the reader and followers of the company please sign up today free at http://www.minamargroup.com/updates

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Hard to Treat Diseases Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Hard to Treat Diseases Inc. cautions you that any forward-looking information provided by or on behalf of Hard to Treat Diseases Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Hard to Treat Diseases Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Hard to Treat Diseases Inc.'s control. In addition to those discussed in Hard to Treat Diseases Inc.'s press releases, public filings, and statements by Hard to Treat Diseases Inc.'s management, including, but not limited to, Hard to Treat Diseases Inc.'s estimate of the sufficiency of its existing capital resources, Hard to Treat Diseases Inc.'s ability to raise additional capital to fund future operations, Hard to Treat Diseases Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Hard to Treat Diseases Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Hard to Treat Diseases Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

CONTACT: For medical and scientific dialogue inquiry only, please contact medicalinfo@htdsmedical.com; For any corporate matters, please contact http://www.minamargroup.com/helpdesk; For any retail investor relations matters, please contact http://www.minamargroup.net/helpdesk, (IR); For (M&A) and Corporate Matters http://www.minamargroup.com/

Hard to Treat Diseases

CONTACT: For medical and scientific dialogue inquiry only, please
contact medicalinfo@htdsmedical.com; For any corporate matters, please contact
http://www.minamargroup.com/helpdesk; For any retail investor relations matters,
please contact http://www.minamargroup.net/helpdesk, (IR); For (M&A) and Corporate
Matters http://www.minamargroup.com/

PetroQuest Energy, Inc. Invites You to Join Its Third Quarter Earnings Conference Call

LAFAYETTE, La., Oct. 21 /PRNewswire-FirstCall/ -- In conjunction with PetroQuest Energy's release of its third quarter financial results, you are invited to listen to its conference call with management that will be broadcast live over the Internet on Tuesday, November 3, 2009 at 9:30 a.m. Eastern time. The Company will release its results before the market opens on November 3.

What: PetroQuest Energy Third Quarter 2009 Financial Results When: Tuesday, November 3, 2009, 9:30 a.m. Eastern time Call: (877) 356-5643, passcode 36985273 Internet: Live and rebroadcast over the Internet: log on to http://www.petroquest.com/ Contact: Matt Quantz, Manager-Corporate Communications Replay: Two weeks at http://www.petroquest.com/ and 48 hours at 800-642-1687, passcode 36985273

PetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow waters of the Gulf of Mexico. PetroQuest's common stock trades on the New York Stock Exchange under the ticker PQ.

Click here for more information: http://www.petroquest.com/news.html?=BizID=1690&1=1

This news 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. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are our ability to find oil and natural gas reserves that are economically recoverable, the volatility of oil and natural gas prices and the significant price decline since June 30, 2008, the deteriorating economic conditions in the United States and globally, the decline in the values of our properties that have resulted in and may in the future result in additional ceiling test write-downs, our ability to replace reserves and sustain production, our estimate of the sufficiency of our existing capital sources, our ability to raise additional capital to fund cash requirements for future operations, the uncertainties involved in estimating quantities of proved oil and natural gas reserves, in prospect development and property acquisitions or dispositions and in projecting future rates of production or future reserves, the timing of development expenditures and drilling of wells, hurricanes and other natural disasters, and the operating hazards attendant to the oil and gas business. In particular, careful consideration should be given to cautionary statements made in the various reports PetroQuest has filed with the Securities and Exchange Commission. PetroQuest undertakes no duty to update or revise these forward-looking statements

.

PetroQuest Energy

CONTACT: Matt Quantz, Manager-Corporate Communications of PetroQuest
Energy, +1-337-232-7028

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

Jacobs to Hold Fourth Quarter Earnings Conference Call and Webcast

PASADENA, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. will release its fourth quarter earnings results before the market opens on Tuesday, November 17, 2009.

The company will then host a conference call at 11:00 AM Eastern Time, during which management will make a brief presentation focusing on the company's results, strategies, and operating trends.

Interested parties can listen to the conference call and view accompanying slides on the Internet at http://www.jacobs.com/.

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2008 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information contact: John W. Prosser 626.578.6803 (Logo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO)

Photo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO
http://photoarchive.ap.org/
photodesk@prnewswire.com/ Jacobs Engineering Group Inc.

CONTACT: John W. Prosser of Jacobs Engineering Group Inc.,
+1-626-578-6803

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

Jacobs Receives Contract from Suncor Energy for the Execution of Portions of the 2010 Turnaround at its U2 Unit in Alberta, CanadaThis project represents one of several Jacobs is supporting in Suncor oil sands

PASADENA, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. announced today it has been awarded a contract by Suncor Energy (Suncor) to provide planning, pre-work, procurement and field services for execution of a portion of the 2010 Turnaround at its Upgrader 2 (U2) unit located 30 kilometers north of Fort McMurray, Alberta, Canada.

Officials did not disclose the contract value.

The work will be developed in two phases. The Planning and Preparation Phase is currently under way and will be followed by the Execution Phase. The outage is scheduled to begin in the second quarter of 2010. Jacobs has experience in planning, scheduling and executing over 30 successful turnarounds in North America, on average a year.

In addition to supporting Suncor oil sands with the U2 2010 Turnaround, Jacobs is assisting Suncor's Major Projects group responsible for design and construction of a number of developments in support of Suncor's Tailings Reduction Operations group.

In making this announcement, Jacobs Group Vice President Chip Mitchell stated, "We are very proud of our longstanding relationship with Suncor and are thrilled to re-engage our field services team at oil sands. We will continue to work closely with Suncor to improve plant reliability and drive operational excellence."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2008 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information contact: Michelle Jones 626.578.6968 (Logo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO)

Photo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO
http://photoarchive.ap.org/
photodesk@prnewswire.com/ Jacobs Engineering Group Inc.

CONTACT: Michelle Jones of Jacobs Engineering Group Inc.,
+1-626-578-6968

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

Quanta Services Announces Third Quarter 2009 Earnings Release and Conference Call Schedule

HOUSTON, Oct. 30 /PRNewswire-FirstCall/ -- Quanta Services, Inc. announced today that it will release 2009 third quarter results on Wednesday, November 4, 2009, before the market opens. In conjunction with the release, Quanta has scheduled a conference call which will be broadcast live over the Internet on Wednesday, November 4, 2009, at 9:30 a.m. Eastern time.

What: Quanta Services 2009 Third Quarter Earnings Conference Call When: Wednesday, November 4, 2009 - 9:30 a.m. Eastern time How: Live via phone - By dialing (480) 629-9644 and asking for the Quanta Services call at least 10 minutes prior to the start time. Live over the Internet - by logging on to the Web at the following address: http://quantaservices.com/

For those who cannot listen to the live call, a telephonic replay will be available through November 11, 2009, and may be accessed by calling (303) 590-3030 and using the pass code 4178458#. Also, an archive of the webcast will be available shortly after the call on the company's Web site at http://www.quantaservices.com/ . For more information, please contact Karen Roan at DRG&E at 713-529-6600 or email kcroan@drg-e.com .

Quanta Services is a leading specialized contracting services company, delivering infrastructure network solutions for the electric power, natural gas, telecommunications and cable television industries. The company's comprehensive services include designing, installing, repairing and maintaining network infrastructure nationwide. Additionally, Quanta provides dark fiber construction and leasing in select markets and offers related design, procurement, construction and maintenance services. With operations throughout North America, Quanta has the manpower, resources and expertise to complete projects that are local, regional, national or international in scope.

Contacts: James Haddox, CFO Kip Rupp / krupp@drg-e.com Reba Reid Ken Dennard / ksdennard@drg-e.com Quanta Services, Inc. DRG&E 713-629-7600 713-529-6600

Quanta Services, Inc.

CONTACT: James Haddox, CFO, or Reba Reid, both of Quanta Services, Inc.,
+1-713-629-7600; or Kip Rupp, krupp@drg-e.com, or Ken Dennard,
ksdennard@drg-e.com, both of DRG&E, +1-713-529-6600, for Quanta Services,
Inc.

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

Kendle Announces Details Regarding Third Quarter 2009 Earnings Conference Call and Webcast

CINCINNATI, Oct. 13 /PRNewswire-FirstCall/ -- Kendle announced today that it will release its third quarter 2009 financial results after the market closes on Wednesday, Nov. 4, 2009. The Company will host a telephone conference call and simultaneous webcast on Thursday, Nov. 5 at 8:30 a.m. Eastern Time. A question and answer session will follow.

Conference Call Instructions

To participate in the telephone conference call, interested parties in the United States and Canada should dial (866) 834-5752. Participants outside North America should dial (706) 643-4051. A replay will be available through 5 p.m. Eastern Time on Dec. 4, 2009 by dialing (706) 645-9291 and entering conference ID number 34948043.

Webcast Instructions

To access the live webcast, visit the company Web site at http://www.kendle.com/ or link to the Webcast directly at http://www.videonewswire.com/event.asp?id=62837. Instructions for accessing the webcast are provided at both sites. The webcast will be archived at http://www.kendle.com/ (click on "Investors" and then "Events & Presentations") shortly after the call for on-demand replay through 5 p.m. Eastern Time on Dec. 4, 2009. Please note that webcast participants will not be able to ask questions.

System requirements for the webcast include Windows Media Player software and at least a 28.8 Kbps connection to the Internet. Media Player is downloadable at no charge from http://www.microsoft.com/windows/windowsmedia/default.aspx.

About Kendle

Kendle International Inc. is a leading global clinical research organization providing the full range of early- to late-stage clinical development services for the world's biopharmaceutical industry. Our focus is on innovative solutions that reduce cycle times for our customers and accelerate the delivery of life-enhancing drugs to market for the benefit of patients worldwide. As one of the fastest-growing global providers of Phase I-IV services, we offer experience spanning more than 100 countries, along with industry-leading patient access and retention capabilities and broad therapeutic expertise, to meet our customers' clinical development challenges.

Additional information and investor kits are available upon request from Kendle, 441 Vine Street, Suite 500, Cincinnati, OH 45202 or from the Company's Web site at http://www.kendle.com/.

Kendle International Inc.

CONTACT: Michael Lawson, Investors, +1-513-763-1992, or Lori Dorer,
Media, +1-513-345-1685, both of Kendle International Inc.

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

ICE Clear Europe Marks One Year Anniversary; New Contracts, Real-Time Risk Management, CDS Clearing Contribute to 'Best Innovation' Designation

LONDON, Nov. 3 /PRNewswire-FirstCall/ -- IntercontinentalExchange , a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today marked the one-year anniversary of the launch of ICE Clear Europe. Based in London, ICE Clear Europe launched on November 3, 2008, amid crisis in financial markets worldwide and during a period of significant demand for additional central clearing services.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO )

ICE Clear Europe ensures the integrity of trades in ICE's futures and over-the-counter (OTC) markets for energy and credit derivatives by eliminating counterparty and credit risk among market participants. Through leading edge technology, risk management systems and extensive default protections, ICE Clear Europe supports the needs of its clearing members and global market participants. The clearing house introduced cleared credit derivatives in July of 2009, demonstrating its flexibility to offer clearing services for an expanded range of asset classes.

"The successful launch of ICE Clear Europe just six weeks after the collapse of Lehman Brothers illustrates the demand for, and benefits of, centralized clearing services in an expanded range of products and markets," said Paul Swann, President of ICE Clear Europe. "We are grateful to our members for their continued support, and we look forward to working with participants as we continue to expand our services to meet the dynamic requirements of our customers."

"The growth of ICE's global energy OTC and futures markets following the launch of ICE Clear Europe has exceeded our expectations, particularly considering the challenges brought about by a highly volatile and uncertain financial market environment," said Jeffrey C. Sprecher, ICE Chairman and CEO. "Our vision for investing in central clearing has not only supported growth in our business, but also significant risk management enhancements to mitigate systemic risk."

ICE Clear Europe Year One Achievements Key Statistics -- Successfully transferred 28.5 million contracts sides to ICE Clear Europe on 3 November 2008, together with associated margin of approximately $16.5 billion. ICE Clear Europe launched with 44 member firms. -- Guaranty fund of $650 million for energy clearing with additional powers of assessment resulting in total default protections of nearly $2 billion; and a separate guaranty fund of over $500 million for credit default swaps (CDS) clearing. -- ICE Clear Europe offers clearing services for over 240 contracts and clears contracts with a notional value of approximately $40 billion on a daily basis. -- Recognized for "Best Innovation by a Clearing House, Europe, Middle East and Africa" by FOW, a leading global derivatives publication. Increased Product Range -- Since the launch of ICE Clear Europe, ICE has introduced 150 cleared OTC and exchange-traded energy contracts resulting in enhanced risk management tools for market participants. Industry Leading Risk Management Regime -- In July 2009, ICE Clear Europe introduced an intraday risk management methodology based on real-time price and trade feeds from ICE's energy markets. The methodology provides calculations of initial margin, realized and unrealized variation margin, and fully revalues all positions throughout the day. This methodology also provides the clearing house and all clearing members with trade, position, profit and loss and margin reports every five minutes, thereby substantially reducing intraday price risk. Operational Process Improvements -- ICE Clear Europe has provided clearing members with a range of operational benefits, including the ability to directly administer misallocated trades and position transfers and electronic cash and collateral management systems; -- Other operational enhancements include support for daily emissions futures contracts and the administration of record deliveries in all physically-delivered ICE Futures Europe contracts. Clearing for OTC Credit Derivatives -- On 27 July, ICE Clear Europe launched a separate clearing solution for the European CDS market. As of 31 October, ICE Clear Europe's CDS clearing house had 11 clearing members and cleared euro 631 billion in notional value across 11,886 European index transactions, resulting in open interest of euro 67.5 billion.

Additional information about ICE Clear Europe is available at https://www.theice.com/clear_europe.jhtml.

A full list of ICE Clear Europe clearing members, is available at https://www.theice.com/clear_europe_membership.jhtml.

About IntercontinentalExchange

IntercontinentalExchange® operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets. ICE Futures Europe® hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S.® and ICE Futures Canada® list agricultural, currency and Russell Index markets. ICE® offers trade execution and processing for the credit derivatives markets through Creditex® and ICE Link(TM), respectively, and CDS clearing through ICE Trust(TM). A component of the Russell 1000® and S&P 500 indexes, ICE serves customers in more than 50 countries and is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. http://www.theice.com/

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., ICE Trust, ICE Clear Europe, ICE Clear U.S., ICE Clear Canada, The Clearing Corporation, U.S. Dollar Index, ICE Link and Creditex. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2008, as filed with the SEC on February 11, 2009.

Photo: http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO IntercontinentalExchange

CONTACT: Investor & Media: Kelly Loeffler, VP, Investor Relations &
Corp. Communications, +1-770-857-4726, kelly.loeffler@theice.com; Sarah
Stashak, Director, Investor & Public Relations, +1-770-857-0340,
sarah.stashak@theice.com, both of IntercontinentalExchange

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

Park-Ohio Holdings Corp. Third Quarter 2009 Results Conference Call Webcast

CLEVELAND, Nov. 2 /PRNewswire-FirstCall/ -- Park-Ohio Holdings Corp. announces the following Webcast:

What: Park-Ohio Holdings Corp. Third Quarter 2009 Results Conference Call When: Tuesday, November 3, 2009 at 10:00 a.m. Eastern Where: http://www.pkoh.com/ How: Live over the Internet -- Simply log on to the web at the address above. Contact: Edward F. Crawford, Chairman and CEO, 440.947.2000

If you are unable to participate during the live webcast, the call will be archived at http://www.pkoh.com/.

ParkOhio is a leading provider of supply chain logistics services and a manufacturer of highly engineered products. Headquartered in Cleveland, Ohio, the company operates 28 manufacturing sites and 40 supply chain logistics facilities. Visit the company website at http://www.pkoh.com/ for more information.

Park-Ohio Holdings Corp.

CONTACT: Edward F. Crawford, Chairman and CEO of Park-Ohio Holdings
Corp., +1-440-947-2000

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

ICE Reports Increase in Futures Volume for October 2009; $3.5 Trillion Cleared in CDS Globally

ATLANTA, Nov. 3 /PRNewswire-FirstCall/ -- IntercontinentalExchange , a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported volume growth across its three futures exchanges for the month of October 2009. Average daily volume (ADV) for ICE's futures markets was 1,076,498 contracts, an increase of 1% from October 2008. Year-to-date through October 31, 2009, ADV across ICE's futures exchanges was 1,036,352 contracts, an increase of 11% compared to the first ten months of 2008. Total futures volume for the month of October was 23.7 million contracts.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO ) October 2009 Review -- Through October 31, 2009, ICE's CDS clearing houses cleared over $3.5 trillion in notional value across 43,353 transactions. -- Since its inception in March 2009, ICE Trust has cleared $2.6 trillion of notional value, resulting in $187 billion of open interest. -- ICE Clear Europe has cleared euro 631 billion ($931 billion) of notional value since its July 2009 launch, resulting in euro 68 billion of open interest. -- On October 1, ICE announced Sir Callum McCarthy's appointment to the IntercontinentalExchange Board of Directors. -- On October 2, ICE announced that testing for its buy-side CDS clearing solution was expected to be underway at the end of October, and ICE now expects the rollout in the fourth quarter, subject to regulatory approval, and in advance of the December 15 commitment made by the industry participants to regulators. -- On October 28, ICE Trust was recognized for "Best innovation by a clearing house, Americas" and ICE Clear Europe was recognized for "Best innovation by a clearing house, Europe, Middle East and Africa" by FOW, a leading global derivatives publication. -- Trading days in October 2009: -- ICE Futures Europe: 22 -- ICE Futures U.S.: 22 -- ICE Futures Canada: 21 -- ICE Futures Europe records achieved in October 2009: -- The exchange established a month-end open interest record of 2,920,790 contracts, an increase of 39% from December 31, 2008. -- Open interest records were also established for ICE Gasoil futures, ICE U.K. Natural Gas futures and ICE WTI options, as well as several emissions and coal futures contracts. -- Volume and ADV records were established for the ICE ECX emissions EUA and CER daily futures. ICE Futures Contracts & Markets Monthly ADV ADV ADV October October ADV Product Line 2009 2008 % Change ------------ ------- ------- ---- ICE Brent Crude futures & options 314,709 282,604 11.4 ICE WTI Crude futures & options 198,388 196,490 1.0 ICE Gasoil futures & options 154,859 125,926 23.0 ICE ECX emissions futures & options(1) 19,825 17,928 10.6 Other futures contracts(2) 16,407 7,659 114.2 TOTAL ICE FUTURES EUROPE 704,188 630,607 11.7 Russell 2000((R)) mini futures & options 157,010 221,946 -29.3 Sugar No. 11 futures & options 115,270 103,685 11.2 Other agricultural commodity contracts(3) 65,995 75,190 -12.2 Currency futures(4) 4,463 4,523 -1.3 Index futures(5) 12,800 8,401 52.4 Other contracts(6) 214 2,397 -91.1 TOTAL ICE FUTURES U.S. 355,752 416,142 -14.5 TOTAL ICE FUTURES CANADA 16,558 14,063 17.7 ------------------------ --------- --------- ---- TOTAL FUTURES CONTRACTS 1,076,498 1,060,812 1.5% (1) ICE ECX EUA and ICE ECX CER futures and options contracts are the result of a cooperative relationship between ICE Futures Europe and the European Climate Exchange. ICE Futures Europe shares in the transaction fee revenue derived from these contracts. (2) "Other futures contracts" include ICE Middle East Sour Crude futures; ICE Heating Oil futures; ICE Unleaded Gasoline Blendstock (RBOB) futures; ICE UK Natural Gas futures; ICE UK Electricity futures; and ICE Coal futures. (3) "Other agricultural commodity contracts" include futures and/or options for Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Sugar No. 14 and Sugar No. 16. (4) "Currency futures" include foreign exchange futures. (5) "Index futures" include futures for the U.S. Dollar Index, Russell 2000 (full size), Russell 1000®, Russell 1000 mini, the Continuous Commodity Index, the Euro Index, and the NYSE Composite. The transition of the Russell Index futures and options contracts to exclusive trading on ICE occurred in September 2008. (6) "Other contracts" include options on foreign exchange futures and options on index futures, excluding Russell 2000 mini options. ICE Futures Year-to-Date ADV 10-mos 2009 10-mos 2008 Percent Change ----------- ----------- -------------- ICE Futures Europe 646,922 601,198 7.6 ICE Futures U.S. 375,332 318,767 17.7 ICE Futures Canada 14,098 13,791 2.2 Total Futures 1,036,352 933,756 11% ICE Futures Monthly and Year-to-Date Volume October 2009 October 2008 Percent Change ------------ ------------ -------------- ICE Futures Europe 15,492,139 14,503,964 6.8 ICE Futures U.S. 7,826,539 9,571,269 -18.2 ICE Futures Canada 347,720 309,386 12.4 Total Futures 23,666,398 24,384,619 -2.9% 10-mos 2009 10-mos 2008 Percent Change ----------- ----------- -------------- ICE Futures Europe 137,147,375 130,460,019 5.1 ICE Futures U.S. 78,819,632 67,881,657 16.1 ICE Futures Canada 2,946,497 2,909,829 1.3 Total Futures 218,913,504 201,251,505 8.8% ICE Futures Open Interest October 31, 2009 December 31, 2008 ---------------- ----------------- ICE Futures Europe 2,920,790 2,102,574 ICE Futures U.S. 3,383,403 3,028,877 ICE Futures Canada 90,918 97,673 Rolling Three-Month Average Rate per Contract (RPC) Three Months Three Months Three Months Ending Ending Ending October September August Product Line 2009 2009 2009 ------------ ---- ---- ---- ICE Futures Europe $1.52 $1.53 $1.56 ICE Futures U.S. Ag $2.05 $2.08 $2.10 ICE Futures U.S. Fin $0.86 $0.89 $0.91

RPC is calculated by dividing transaction revenues by contract volume, and may vary based on pricing, customer and product mix.

Historical futures volume and OTC commission data can be found at: http://ir.theice.com/supplemental.cfm About IntercontinentalExchange

IntercontinentalExchange® operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets. ICE Futures Europe® hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S.® and ICE Futures Canada® list agricultural, currency and Russell Index markets. ICE® offers trade execution and processing for the credit derivatives markets through Creditex® and ICE Link(TM), respectively, and CDS clearing through ICE Trust(TM). A component of the Russell 1000® and S&P 500 indexes, ICE serves customers in more than 50 countries and is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. http://www.theice.com/

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., ICE Trust, ICE Clear Europe, ICE Clear U.S., ICE Clear Canada, The Clearing Corporation, U.S. Dollar Index, ICE Link and Creditex. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2008, as filed with the SEC on February 11, 2009.

Photo: http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO IntercontinentalExchange

CONTACT: Investor Contacts: Kelly Loeffler, VP, Investor Relations &
Corp. Communications, +1-770-857-4726, kelly.loeffler@theice.com; or Sarah
Stashak, Director, Investor & Public Relations, +1-770-857-0340,
sarah.stashak@theice.com, both of IntercontinentalExchange

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

COM DEV USA Awarded Contract to Provide UHF Equipment

EL SEGUNDO, CA, Nov. 3 /PRNewswire-FirstCall/ -- COM DEV USA, LLC, a subsidiary of COM DEV International Ltd. (TSX: CDV), today announced that it has been awarded a contract valued in excess of US$7 million to provide UHF equipment for a satellite payload. Design and production work will be performed at COM DEV USA's manufacturing facility in El Segundo, California with delivery scheduled by the end of calendar 2010. The order was finalized and recorded during COM DEV's 2009 fiscal year.

"This contract helps further establish our credentials as a world leader in passive UHF hardware," said Dan White, President of COM DEV USA. "Upon completion, our California team will have delivered UHF equipment for more than 20 satellites, and COM DEV's other divisions have supplied UHF equipment to 10 others. I believe this heritage positions us well to continue to grow our military space business."

Ultra High Frequency, or UHF, is a frequency band commonly used for military satellite communications because of its adaptability to small, mobile terminals used by ground, sea and air forces.

About COM DEV

COM DEV International Ltd. (http://www.comdevintl.com/) is a leading global designer and manufacturer of space hardware subsystems. With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced products and subsystems that are sold to major satellite prime contractors for use in communications, space science, remote sensing and military satellites.

This news release may contain certain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. The Company cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the Company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the Company's business prospects may be materially different from forward-looking statements made by the Company.

The triangular logo and the word COM DEV are each registered trademarks and the property of COM DEV Ltd. All rights reserved.

Com Dev International Ltd.

CONTACT: Gary Calhoun, Chief Financial Officer, COM DEV International,
Tel: (519) 622-2300 ext. 2826, gary.calhoun@comdev.ca; Dan White, President,
COM DEV USA, Tel: (424) 456-8006, dan.white@comdev-usa.com; Jeff Codispodi,
The Equicom Group, Tel: (416) 815-0700 ext. 261, jcodispodi@equicomgroup.com

Oncolytics Biotech(R) Inc. Announces Results of Second Warrant Expiry Date Acceleration Program

CALGARY, Nov. 3 /PRNewswire-FirstCall/ -- Oncolytics Biotech Inc. ("Oncolytics" or the "Corporation") (TSX:ONC; NASDAQ:ONCY) announces, that pursuant to the accelerated expiry of those warrants issued on May 13, 2009, the Corporation has received proceeds of approximately $9.1 million resulting from the exercise of all 3,795,000 warrants. Oncolytics now has 56,662,469 shares issued and outstanding, and cash on hand and available for operations of approximately $23.7 million.

About Oncolytics Biotech Inc.

Oncolytics is a Calgary-based biotechnology company focused on the development of oncolytic viruses as potential cancer therapeutics. Oncolytics' clinical program includes a variety of human trials including a Phase III trial in head and neck cancers using REOLYSIN(R), its proprietary formulation of the human reovirus. For further information about Oncolytics, please visit: http://www.oncolyticsbiotech.com/.

This press release contains forward-looking statements. Forward-looking statements, including the Company's expectations as to progress in the clinical trial program and the Company's belief as to the potential of REOLYSIN as a cancer therapeutic, involve known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, among others, the availability of funds and resources to pursue Research and Development projects, the efficacy of REOLYSIN as a cancer treatment, the success and timely completion of clinical studies and trials, the Company's ability to successfully commercialize REOLYSIN, uncertainties related to the research and development of pharmaceuticals, uncertainties related to the regulatory process and general changes to the economic environment. Investors should consult the Company's quarterly and annual filings with the Canadian securities commissions for additional information on risks and uncertainties relating to the forward looking statements. Investors are cautioned against placing undue reliance on forward-looking statements. The Company does not undertake to update these forward-looking statements, except as may be required pursuant to applicable securities laws.

Oncolytics Biotech Inc.

CONTACT: The Equicom Group, Nick Hurst, 300 5th Ave. SW, 10th Floor,
Calgary, Alberta, T2P 3C4, Tel: (403) 218-2835, Fax: (403) 218-2830,
nhurst@equicomgroup.com; The Investor Relations Group, Erika Moran, 11 Stone
St, 3rd Floor, New York, NY, 10004, Tel: (212) 825-3210, Fax: (212) 825-3229,
emoran@investorrelationsgroup.com

Xilinx Flagship Spartan FPGA Platform at the Heart of ASTRI Dynamic Backlight Control Technology for Today's Flat Panel LCD Televisions

HONG KONG, Nov. 3 /PRNewswire/ -- Xilinx Inc., , the world's leading provider of programmable logic solutions, today announced that Hong Kong Applied Science and Technology Research Institute (ASTRI) has incorporated Xilinx® flagship Spartan®-3A FPGAs into the design of its leading edge dynamic LED backlight control technology for flat panel LCD televisions. With Spartan at the heart of the system, ASTRI offers manufacturers of next-generation LCD TVs sharper video image quality and lower power consumption over competing solutions. Because Spartan-3A FPGAs are inherently flexible, ASTRI can tailor its technology to the exact power and performance needs of its customers, each of whom demands low cost, competitive differentiation and fast time-to-market.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO)

Dynamic LED backlighting provides LCD TVs with sharper picture quality and overall lower power consumption than TVs of the previous generations. ASTRI estimates that more than three million LCD TVs with dynamic backlight control will be sold worldwide by the end of 2009. The institute expects the market will skyrocket over the next half-dozen years, and plans to help its customers to command the lion's share of this emerging market. Since 2004, the majority of leading LCD TV manufacturers have employed dynamic backlight control techniques in their products; however, the technology and customer requirements continue to evolve. New entrants to the LCD TV market seek to carve out a competitive advantage over dominant players by getting to market faster with better image quality and lower power consumption.

"Xilinx Spartan-3 Generation FPGAs allow ASTRI's dynamic LED backlight control technology to become more flexible in meeting different customers' differentiation requirements," said Dr. C.J. Tsai, Director, Display System Division, LED Programme, ASTRI. "In the LCD television market, where the race to develop new products is intense, faster time-to-market is key to business success. Xilinx FPGAs offered us greater flexibility to customize our application with lower system costs, and significantly reduced our product development time. The extensive support provided by Xilinx and the strong technical support offered by its distribution sales team Avnet Memec China were the other factors that prompted us to choose Xilinx FPGAs over competing solutions."

"Our Spartan series FPGAs offer an unmatched combination of low power, high performance and low cost, which has made them the number one choice for LCD TV manufacturers around the world for multiple generations," added Clement Cheung, Marketing and Application Director for Xilinx Asia Pacific. "As the worldwide PLD industry leader, Xilinx and Avnet are proud to partner with ASTRI to bring innovative technology to the quickly evolving flat panel display market."

About Xilinx Flagship Spartan FPGAs

Xilinx flagship Spartan FPGAs are the low-power, low-cost silicon foundation for Xilinx Targeted Design Platforms. The company's next-generation Spartan-6 FPGAs are designed for cost-sensitive applications requiring high-speed connectivity and low-power operation with embedded serial transceivers, advanced power management, and proven 45-nanometer architecture. Domain-optimized devices provide a rich mix of integrated system features including memory controllers, digital signal processing, and PCIe® Endpoint block, as well as RoHS-compliant lead-free package options for developing 'greener' electronics products. For more information about Spartan FPGAs, visit: http://www.xilinx.com/spartan6 or http://www.xilinx.com/spartan3a.

Designers can learn more about Xilinx Targeted Design Platforms by attending X-fest, a global series of free technical seminars sponsored by Avnet and Xilinx. These free one-day seminars offer practical training for engineers. To register for an X-fest event, visit http://www.weboom.com/avnet/index.html.

About ASTRI

The Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of Hong Kong Special Administrative Region in 2000 to enhance technological advances for Hong Kong through applied research. In 2006, ASTRI was designated the Hong Kong Research and Development Centre for Information and Communications Technologies by the Innovation and Technology Commission to perform leading-edge research and development (R&D) for technology transfer to industry, develop technological human resources and act as a focal point bringing together industry and university R&D assets.

During the past few years, ASTRI has been conducting a spectrum of world-class and customer-focused R&D, and has built teams of excellent researchers, produced a volume of intellectual properties and created real economic impact by transferring technologies to its clients in Hong Kong, the Mainland and the region. For more information, please visit http://www.astri.org/

About Avnet Electronics Marketing Asia

Avnet Electronics Marketing Asia is part of Phoenix-based Avnet, Inc. , a Fortune 500 company with fiscal 2009 sales exceeding USD16.23 billion. Serving customers in more than 70 countries, Avnet is one of the largest distributors of electronic components, computer products and embedded technology.

Avnet Electronics Marketing has a significant presence in Asia-Pacific - the fastest growing electronics market in the world. With its regional headquarters in Singapore, the company has offices in over 40 locations in Asia. Avnet Electronics Marketing Asia distributes semiconductors, interconnect, passive and electromechanical components to serve a wide range of customers including original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, and small- to medium-sized businesses, and provides associated design-chain and supply-chain services. The company's web site is located at http://www.em.avnetasia.com/.

About Xilinx

Xilinx is the worldwide leader in complete programmable logic solutions. For more information, visit http://www.xilinx.com/.

#0955c

XILINX, the Xilinx logo, Virtex, Spartan, ISE, and other designated brands included herein are trademarks of Xilinx in the United States and other countries. PCI-SIG, PCI, PCIe and PCI Express are trademarks of PCI-SIG and used under license. All other trademarks are the property of their respective owners.

Editorial Contacts: Melissa Zhang Xilinx Asia Pacific (86) 10-6268-2899 ext. 806 melissa.zhang@xilinx.com

Photo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO
http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com Xilinx Inc.

CONTACT: Melissa Zhang of Xilinx Asia Pacific, (86) 10-6268-2899 ext.
806, melissa.zhang@xilinx.com

Web Site: http://www.xilinx.com/
http://www.astri.org/
http://www.em.avnetasia.com/

AllSport GPS Fitness Application from Trimble is Now Available on the Android PlatformAndroid Phone Users Can Now Turn Their Mobile Phones into Personal Fitness Trainers

SUNNYVALE, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Trimble gives Android(TM) phone users an edge for all of their outdoor activities with its AllSport GPS(TM) application. The fitness application, already available from a variety of cellular carriers on GPS-enabled phones, is the ultimate fitness application for anyone who wants to start or improve their workout routine.

AllSport GPS, a Trimble Outdoors(TM) application, allows users to track and record their results right on their mobile phone from a variety of outdoor activities, including walking, running, hiking, cycling, mountain biking and snowboarding. The application also has a Web component on the Trimble Outdoors Web site, where subscribers can view and analyze results, upload maps, plan workouts, share information with friends by email and through Faceboook, customize workouts shared by others, and send these workouts to their Android phone.

"AllSport GPS is a great application for the Android platform as its users are all about having everything right at their fingertips, from music to games to photos. Now they won't need a separate device as a fitness tracker," said Rich Rudow, managing director of Trimble Outdoors. "Whether you're starting an exercise routine for the first time or training to run a marathon, AllSport GPS is an easy yet sophisticated aide to help reach those goals."

AllSport GPS is now available for download on Android devices through the Android Marketplace and Trimble Outdoors Web site: http://www.trimbleoutdoors.com/go/android. The application is available for one-time purchase at a cost of $9.99.

About Trimble Outdoors

Trimble Outdoors is a family of GPS-on-cellular applications for consumers. With Trimble Outdoors, consumers can use their GPS-enabled cell phones to navigate trails and highways, track workout performance, geocache, and create, manage and share those experiences with others. By leveraging Trimble's 30 years of commercial expertise in GPS, software, and communications, Trimble Outdoors delivers cost-effective and convenient position-based services that promote consumers' well-being, security and active lifestyle. For more information about Trimble Outdoors, visit http://www.trimbleoutdoors.com/.

About Trimble

Trimble applies technology to make field and mobile workers in businesses and governments significantly more productive. Solutions are focused on applications requiring position or location--including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.

For more information, visit Trimble's Web site at http://www.trimble.com/.

Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions.

GTRMB

Trimble

CONTACT: Aly Saxe of Ubiquity Public Relations, +1-602-268-6849,
aly@ubiquitypublicrelations.com, for Trimble; or Lea Ann McNabb of Trimble,
+1-408-481-7808, leaann_mcnabb@trimble.com; or Investors, Willa McManmon of
Trimble, +1-408-481-7838, willa_mcmanmon@trimble.com

Web Site: http://www.trimble.com/
http://www.trimbleoutdoors.com/

CashEdge and Firethorn to Launch Integrated Mobile Person-to-Person Payments Solution for Financial InstitutionsSolution to Leverage CashEdge's POPmoney(TM) Person-to-Person Payments Service and Firethorn's Mobile Wallet Solution

NEW YORK and BOSTON, Nov. 3 /PRNewswire/ -- CashEdge, Inc. (http://www.cashedge.com/), the leading provider of Intelligent Money Movement(TM) services, and mobile commerce enabler Firethorn Holdings, LLC, a Qualcomm company , announced today that the companies have entered into a strategic relationship to bring to market an integrated mobile person-to-person (P2P) payments solution integrating CashEdge's POPmoney P2P payments service and Firethorn's Mobile Wallet solution.

The integrated mobile P2P solution will enable financial institutions to offer their customers the ability to send electronic payments using CashEdge's POPmoney from within their Firethorn mobile banking application, by simply using the email address or mobile phone number of the recipient. This comprehensive mobile P2P banking solution will give consumers greater control over their finances, enabling them to pay other people whenever and wherever they want.

The convenience and security of using a service offered by one's existing financial institution is compelling for consumers. According to CashEdge's 2009 consumer survey, 77 percent of consumers would prefer to use a P2P payments service offered through their financial institution compared to an independent service.

"Consumers are demanding new payment solutions, particularly the ability to conveniently and securely send payments while on the go," said Ben Ackerman, Vice President of product strategy for Firethorn. "This Firethorn and CashEdge relationship is an excellent fit, both in terms of business and technical capabilities. We already have many common customers and prospects who have been asking for a holistic P2P solution, and now we can put those customers on the path to mobile commerce."

"Firethorn's Mobile Wallet application is an innovative service that successfully helps meet the demands of today's consumers for easy and convenient mobile banking solutions," stated Neil Platt, Senior Vice President and General Manager, US Banking, CashEdge Inc. "CashEdge is always looking for opportunities to broaden the scope of our services and deliver cutting-edge services to financial institutions, and working with Firethorn further enables us to meet those goals."

POPmoney is the first email and mobile person-to-person payments (P2P) service for financial institutions that allows customers to send an electronic payment, from within the online or mobile banking site, by simply using the email address or mobile phone number of the recipient. Likewise, the recipients of the payment can receive the funds directly into their account. Firethorn's Mobile Wallet solution enables bank customers to use their mobile devices to view account balances, check credit card balances, transfer funds between accounts, view and pay bills, and access other services such as loyalty programs and targeted offers.

CashEdge will showcase POPmoney at the BAI Retail Delivery Conference on November 3 - 5, 2009 in Boston, at booth #725.

Firethorn can also be found in the exhibit hall at the BAI Retail Delivery Conference on November 3 - 5, 2009 in Boston, at booth #232.

About Firethorn

Firethorn Holdings, LLC, a Qualcomm company , is providing an important link in the emerging mobile commerce ecosystem. As a pioneer in mobile banking, Firethorn is transforming the traditional wallet into a streamlined, efficient and protected mobile revenue channel that will bridge relationships among financial institutions, retailers, wireless operators and consumers. Firethorn's innovative technology creates easily accessible, branded and personalized mobile commerce channels that give consumers access to their accounts, offers and transactions while on the go. For more information about Firethorn, visit http://www.firethornmobile.com/.

About CashEdge

CashEdge is the leader in Intelligent Money Movement(TM) services providing innovative payment solutions to financial institutions for their retail and small business banking customers. CashEdge's services include mobile and online person-to-person (P2P) payments and small business payments. CashEdge currently serves hundreds of leading financial institutions, including seven of the ten largest banks in the country.

CashEdge's industry leading products include POPmoney(TM) for person-to-person payments; OpenNow®/FundNow® for new account opening and funding; TransferNow® for Consumers, which includes Me-to-Me Transfers and Third Party Transfers; and TransferNow® for Small Businesses, which includes Invoicing, Me-to-Me Transfers, Employee Payments and Vendor Payments. All CashEdge products are supported by industry-leading risk management capabilities that leverage proprietary technology to help financial institutions mitigate risk and decrease fraud exposure.

The Company is headquartered in New York with offices in Silicon Valley and India. For more information, visit http://www.cashedge.com/.

CashEdge Contact: Jennifer Moritz Zer0 to 5ive 917 748 4006 jmoritz@0to5.com Firethorn Contact: Kelly Buday Firethorn 678 978 5429 kbuday@qualcomm.com

CashEdge, Inc.

CONTACT: Jennifer Moritz of Zer0 to 5ive for CashEdge, +1-917-748-4006,
jmoritz@0to5.com, or Kelly Buday of Firethorn, +1-678-978-5429,
kbuday@qualcomm.com

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

Johnson & Johnson Announces Restructuring Initiatives for Sustainable GrowthContinues to Invest in Promising Growth Opportunities Identifies Projected, Annualized, Pre-Tax Cost Savings of $1.4-$1.7 billion Expects to Take Associated Pre-Tax, Restructuring Charge of $1.1-$1.3 billion in Fourth Quarter of 2009 Confirms Earnings Guidance for 2009, Excluding Special Items

NEW BRUNSWICK, N.J., Nov. 3 /PRNewswire-FirstCall/ -- Johnson & Johnson today announced global restructuring initiatives designed to strengthen the company's position as the world's leading global health care company. The company is taking steps to prioritize its innovation efforts around the many growth opportunities in health care and to execute aggressively on bringing key new products to market.

The company's plans are expected to increase its operational efficiency and generate annualized, pre-tax cost savings of $1.4-$1.7 billion when fully implemented in 2011, with $800-$900 million expected to be achieved in 2010. The associated savings will provide additional resources to invest in new growth platforms; ensure the successful launch of its many new products and continued growth of its core businesses; and provide flexibility to adjust to the changed and evolving global environment.

"Johnson & Johnson has long adhered to a broad-based operating model and set of sound management principles that have driven our success," said William C. Weldon, Johnson & Johnson Chairman and Chief Executive Officer. "Today, we are announcing a series of actions and plans designed to ensure that our company remains well-positioned and appropriately structured for sustainable, long-term growth in the health care industry."

The company expects to record an associated pre-tax, restructuring charge in the range of $1.1-$1.3 billion in the fourth quarter of 2009, treated as a special item. The company also confirmed its earnings guidance for full-year 2009 of $4.54 - $4.59 per share, which excludes the impact of special items such as restructuring charges.

Cost savings will be achieved primarily by reducing layers of management, increasing individual spans of control, and simplifying business structures and processes across the company's global operations.

Position eliminations will form only one component of the savings. Weldon said, "These types of changes are difficult under any circumstances, and will have a very personal impact on people who have been dedicated to the mission of Johnson & Johnson. We recognize their contributions to the achievements of our business, and are committed to treating them fairly and with respect throughout this process."

The company said initiatives would be implemented at the operating company levels to be certain the businesses can meet the needs of the customers they serve on a day-to-day basis. The company estimates that position eliminations will be in a range of 6-7 percent of its global workforce, subject to any consultation procedures on these plans in countries where required.

About Johnson & Johnson

Caring for the world, one person at a time...inspires and unites the people of Johnson & Johnson. We embrace research and science - bringing innovative ideas, products and services to advance the health and well-being of people. Our approximately 117,000 employees at more than 250 Johnson & Johnson companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.

NOTE TO INVESTORS

Johnson & Johnson will conduct a conference call with financial analysts to discuss this news release today at 9:00 a.m., Eastern Time. A simultaneous webcast of the call for interested investors and others may be accessed by visiting the Johnson & Johnson website at http://www.investor.jnj.com/. A replay and podcast will be available approximately two hours after the live webcast by visiting http://www.investor.jnj.com/.

(This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from Johnson & Johnson's expectations and projections. Risks and uncertainties include general industry conditions and competition; economic conditions, such as interest rate and currency exchange rate fluctuations; technological advances and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approvals; domestic and foreign health care reforms and governmental laws and regulations; and trends toward health care cost containment. A further list and description of these risks, uncertainties and other factors can be found in Exhibit 99 of the Company's Annual Report on Form 10-K for the fiscal year ended December 28, 2008. Copies of this Form 10-K, as well as subsequent filings, are available online at http://www.sec.gov/, http://www.jnj.com/ or on request from Johnson & Johnson. Johnson & Johnson does not undertake to update any forward-looking statements as a result of new information or future events or developments.)

Johnson & Johnson

CONTACT: Press: Jeffrey J. Leebaw, +1-732-524-3350, +1-732-642-6608 (M),
Bill Price, +1-732-524-6623, +1-732-668-3735 (M), or Investors, Louise
Mehrotra, +1-732-524-6491, Stan Panasewicz, +1-732-524-2524, Lesley Fishman,
+1-732-524-3922, Tina Pinto, +1-732-524-2034, all of Johnson & Johnson

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

Official Battle Strikers tournament takes off at Toronto's CN Tower this SaturdayBattle Strikers hits the ground spinning with the first battling top event at Canada's Engineering Wonder of the World

MONTREAL, Nov. 2 /PRNewswire-FirstCall/ -- Ready, Rev, Battle! MEGA Brands (TSX: MB) is calling all battling top fans between the ages of six and 12 to participate in the battling top tournament of the year for a chance to win a $1,500 Canada Savings Bond! The Battle Strikers Tower Showdown will launch at Toronto's CN Tower this Saturday, November 7, between 10:00 AM and 12:00 PM in search of the first Battle Strikers champion.

"Battle Strikers has revolutionized the game of battling tops, and we are offering a unique and exciting opportunity for kids to put their battling skills to the test in hopes of becoming the first Battle Strikers champion!" said Vic Bertrand, Chief Innovation Officer of MEGA Brands. "This event will allow kids to experience Battle Strikers, learn key tips and tricks on strategizing their battles, and award an incredible opportunity to spin their way to the top with Canada Savings Bonds."

Battle Strikers put a new spin on battling tops by letting kids launch without ripcords or pull strings, while giving them control of their tops for the first time. Kids rev up their Striker at 6000 RPMs through a handheld Turbo Launcher and release it into the arena for intense battling action. Once launched, kids can command their Striker using a controller to try and knock their opponent out of the arena. Kids can collect sixteen unique and customizable Strikers.

To participate in the tournament, children between the ages of six and 12 are encouraged to pre-register online at http://www.battlestrikers.com/towershowdown. The first 60 pre-registered participants, and one accompanying adult, will get free admission to the CN Tower during the tournament.

The grand prize winner will be awarded a Canada Savings Bond valued at $1,500. The tournament runner-up will receive a Canada Savings Bond valued at $500.

Come join in on the Battle Strikers fun with music, free giveaways, door prizes and most importantly the Tournament. The Battle Strikers Tower Showdown will take place Saturday, November 7, at the CN Tower in Toronto between 10 am and 12 pm.

For complete tournament details and more information on Battle Strikers, please visit http://www.battlestrikers.com/.

About MEGA Brands

MEGA Brands is a trusted family of leading global brands in construction toys, games & puzzles, arts & crafts and stationery. They offer engaging creative experiences for children and families through innovative, well-designed, affordable and high-quality products that deliver on our Trusted Brands promise. Visit http://www.megabrands.com/ for more information. The MEGA logo, A Family of Trusted Brands, Mega Bloks, Rose Art, MagNext and Board Dudes are trademarks of MEGA Brands Inc. or its affiliates.

CN Tower

Defining the Toronto skyline, at a height of 553.33m (1,815 ft., 5 inches), the CN Tower is Canada's National Tower, an engineering Wonder of the World and Toronto's must see attraction visited by almost 2 million people each year.

MEGA BRANDS INC.

CONTACT: Amy Gregus, Communications Specialist, MEGA Brands, (514)
333-5555 ext. 2507, agregus@megabrands.com; Irene Knight, Marketing Manager
Public Relations, CN TOWER, (416) 601-4729, iknight@CNTOWER.CA

Allegiant Reports October 2009 Traffic

LAS VEGAS, Nov. 3 /PRNewswire-FirstCall/ -- Allegiant Air, LLC, a wholly-owned subsidiary of Allegiant Travel Company , today reported preliminary passenger traffic results for October 2009.

Scheduled Service Oct. 2009 Oct. 2008 Change Passengers 319,980 243,715 31.3% Revenue passenger miles (000) 296,334 217,330 36.4% Available seat miles (000) 330,902 238,305 38.9% Load factor 89.6% 91.2% (1.6) pts Departures 2,433 1,825 33.3% Average stage length (miles) 907 874 3.8% Total System* Oct. 2009 Oct. 2008 Change Passengers 359,084 278,497 28.9% Revenue passenger miles (000) 325,088 248,037 31.1% Available seat miles (000) 381,156 284,122 34.2% Load factor 85.3% 87.3% (2.0) pts Departures 3,079 2,351 31.0% Average stage length (miles) 832 816 2.0% *Total system includes scheduled service, fixed fee contract and non-revenue flying. About the Company

Las Vegas based Allegiant Travel Company , is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Phoenix, Los Angeles, Orlando, Fla. Tampa/St. Petersburg, Fla. and Fort Lauderdale, Fla. Through its subsidiary, Allegiant Air, the Company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services. ALGT/G

Note: This press release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.

For further information please visit the company's investor web site: http://ir.allegiantair.com/

Reference to the Company's web site above does not constitute incorporation of any of the information thereon into this press release.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060516/LATU102LOGO)

Photo: http://www.newscom.com/cgi-bin/prnh/20060516/LATU102LOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Allegiant Travel Company

CONTACT: Media, Tyri Squyres +1-702-851-7370,
mediarelations@allegiantair.com, or Investors, Robert Ashcroft,
+1-702-430-3275, ir@allegiantair.com, both of Allegiant Travel Company

Web Site: http://ir.allegiantair.com/

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