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Companies news of 2009-11-03 (page 9)

  • CGI Renews its Contract with Yellow Pages Group for more than $100 MillionStock Market...
  • Peter Ramsey, Director of Hit TV Special, 'Monsters vs. Aliens: Mutant Pumpkins from Outer...
  • Ireland Inc. Reports Drilling Results That Indicate Additional Gold and Silver...
  • NetCapture Branch Now Available in ASP EnvironmentASP Solution Ideally Suited for Small...
  • White Electronic Designs Corporation Reports Preliminary Results for the Fourth Quarter...
  • CSC Provides Research Grant to Train Next Generation of Cyber Experts
  • Express Scripts and Greatwater Software Announce Partnership to Provide New Service in...
  • Television Company Belo Corp. (BLC) Reports Results for Third Quarter 2009
  • NF Energy Saving Corporation Completes US$560,000 Energy-Efficient Flow Control System for...
  • The Home Depot to Host Third Quarter 2009 Earnings Conference Call on November 17, 2009
  • Apple Rush Co. Sources Domestic Organic Erythritol Supplier for Its New Light Juices
  • Diebold Reports Third Quarter and Year-to-Date Financial ResultsEarnings overview...
  • INFORM-1 Results: Robust Antiviral Suppression Achieved with Combination of Nucleoside...
  • INFORM-1 Results: Robust Antiviral Suppression Achieved with Combination of Nucleoside...
  • Green Bridge Industries, Inc.'s Fundraising Division Receives First Purchase Order for...
  • Verenium and Syngenta Close Research Collaboration-- Portfolio of development candidates...
  • Dapco improves safety for railroads, pipelines and other critical infrastructure with TI's...
  • Braskem Announces EBITDA of R$ 838 Million in 3Q09
  • Redknee Named 2009 Internet Telephony BSS/OSS Excellence Award WinnerONE CALL RESOLUTION...
  • MAX returns values to 1.5 grams per tonne (1.5 ppm) Au in soils at East Manhattan Wash,...
  • RMD Entertainment (RMDM) Innotrek's Road Monitoring System Accepted by the Chinese...
  • Western Coal to host sell-side analyst meetings
  • LSI 6Gb/s SAS MegaRAID Products Enable New Levels of RAID Performance for IBM System x...
  • Marvell and E Ink Join Forces to Deliver a Radical New Generation of Faster, Lower Power...
  • Blount Announces 2009 Third Quarter Results- Third quarter sales increased by 14% to...
  • Owens Corning Launches Shingle Recycling ProgramFirst manufacturer to simplify shingle...
  • Stanley Selected as Key Team Member on Department of State IT Support Services Contract
  • Global Report: Climate Change Exposes the Oil and Gas Industry to RiskChanges in Climate...
  • Greenhill SAVP Completes Investment in Altruik
  • Matrix Service Announces First Quarter Fiscal 2010 Results of $0.17 Per Fully Diluted...



    CGI Renews its Contract with Yellow Pages Group for more than $100 MillionStock Market Symbols GIB.A (TSX) GIB (NYSE)www.cgi.com/newsroom

    MONTREAL, Nov. 3 /PRNewswire-FirstCall/ -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of information technology and business process services, announces that Yellow Pages Group, Canada's leading local commercial search provider, is extending and expanding its contract with CGI until 2019. This extension is valued at more than $100 million.

    As part of this 10-year contract, CGI will manage the applications and infrastructure of Yellow Pages Group's computer network, as well as other projects, namely business intelligence and the optimization of the company's research tools.

    "We've been benefiting from CGI's excellent service and vast IT experience for several years, so we did not hesitate to renew our contract," said Yvan Proteau, Chief Information Officer, Yellow Pages Group. "CGI's Web data research system management skills will enable us to reach new heights and maintain our competitive advantage."

    "We're proud to be able to keep contributing to the evolution and expansion of Yellow Pages Group's activities and maximize returns on their IT investments," said Claude Marcoux, Senior Vice-President and General Manager, Quebec and Ottawa, CGI. "This contract extension shows CGI's commitment to building long-lasting, strategic partnerships, where our clients and their results are our top priority."

    About CGI

    Founded in 1976, CGI is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 26,000 professionals in over 100 offices across 16 countries. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States of America, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annualized revenue run rate is currently $3.8 billion and as at June 30, 2009, its order backlog was $11.8 billion. CGI's shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: http://www.cgi.com/.

    About Yellow Pages Group

    Yellow Pages Group is Canada's leading local commercial search provider. Each year, it publishes more than 340 Yellow Pages(TM) and residential directories. YPG also owns and operates Canada's most visited online directories - YellowPages.ca(TM) and Canada411.ca(TM) along with CanadaPlus.ca(TM), a network of seven local city sites. YellowPages.ca(TM) can be accessed on mobile devices as well as at mobile.yp.ca and through mobile applications on BlackBerry(R), Apple iPhone(TM) and Google(TM)'s Android(TM). Yellow Pages Group is indirectly held by Yellow Pages Income Fund (TSX: YLO.UN). For more information, visit http://www.ypg.com/ or for recent news on the Company, follow http://twitter.com/yellowpages_ca.

    Forward-Looking Statements

    All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of sections 138.3 and following of the Ontario Securities Act. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include and are not restricted to the timing and size of new contracts, acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly-evolving IT industry; general economic and business conditions, foreign exchange and other risks identified in the MD&A, in CGI's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at http://www.sec.gov/), the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at http://www.sedar.com/), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information. You will find more information about the risks that could cause our actual results to significantly differ from our current expectations in the Risks and Uncertainties section.

    CGI GROUP INC.

    CONTACT: Lorne Gorber, Vice-President, Communications and Investor
    Relations, CGI, (514) 841-3355, lorne.gorber@cgi.com; Souad Gara, Senior
    Manager, Corporate Communications, Yellow Pages Group, (514) 934-2770,
    souad.gara@ypg.com




    Peter Ramsey, Director of Hit TV Special, 'Monsters vs. Aliens: Mutant Pumpkins from Outer Space' to Direct DreamWorks Animation's 'The Guardians' (Working Title)PULITZER PRIZE WINNING WRITER, DAVID LINDSAY-ABAIRE SET TO WRITE

    GLENDALE, Calif., Nov. 3 /PRNewswire-FirstCall/ -- DreamWorks Animation SKG, Inc. today announced that Peter Ramsey, director of the Company's hit Halloween special, "Monsters vs. Aliens: Mutant Pumpkins from Outer Space," is set to direct "The Guardians," (working title) the previously announced film based on "The Guardians of Childhood," a series of highly anticipated children's books by William Joyce. Pulitzer Prize winning writer David Lindsay-Abaire has signed on to write the script.

    In addition to directing "Monsters vs. Aliens: Mutant Pumpkins from Outer Space," Ramsey served as Head of Story on DreamWorks Animation's "Monsters vs. Aliens" and has served as a storyboard artist on a number of live action feature films. Lindsay-Abaire was most recently nominated for a Tony Award® for his Book and Lyrics for "Shrek The Musical." His Pulitzer Prize winning play, "The Rabbit Hole" has been made into a feature film, for which he wrote the script.

    The project will be produced by Christina Steinberg and Nancy Bernstein and executive produced by Michael Siegel, Joyce's manager. DreamWorks Animation acquired the property from Reel FX where the characters and the world of "The Guardians of Childhood" were developed in a partnership with William Joyce. Joyce will also serve as co-director. DreamWorks Animation's "The Guardians" (working title) is scheduled to be released on November 2, 2012.

    "The Guardians of Childhood" is a multi-story saga detailing the adventures of the immortal Guardians, who are sworn to protect children from the forces of evil. The books will be published as a series that features Joyce's distinctive illustrations and chronicles the origins of several childhood mythic figures, including Santa Claus, Jack Frost, The Easter Bunny and The Man in the Moon. Each book will highlight one character and will serve as back stories for characters that will be the subject of the full length feature film version.

    DreamWorks Animation Co-President of Production, Bill Damaschke, commented, "We are thrilled that David Lindsay-Abaire is joining director Peter Ramsey and the rest of the all-star creative team at DreamWorks Animation to bring William Joyce's spectacular stories to cinematic life when the film arrives in theaters on November 2, 2012."

    Publication of the book series is set to begin in 2011 and subsequent books will be published in yearly installments thereafter.

    About DreamWorks Animation SKG

    DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series, live entertainment properties and online virtual worlds, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques. All of DreamWorks Animation's feature films are now being produced in 3D. The Company has theatrically released a total of 18 animated feature films, including the franchise properties, Shrek, Madagascar and Kung Fu Panda.

    Caution Concerning Forward-Looking Statements

    This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's plans, prospects, strategies, proposals and our beliefs and expectations concerning performance of our current and future releases and anticipated talent, directors and storyline for our upcoming films and other projects, constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which we operate and management's beliefs and assumptions. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of DreamWorks Animation SKG, Inc. These risks and uncertainties include: audience acceptance of our films, our dependence on the success of a limited number of releases each year, the increasing cost of producing and marketing feature films, piracy of motion pictures, the effect of rapid technological change or alternative forms of entertainment and our need to protect our proprietary technology and enhance or develop new technology. In addition, due to the uncertainties and risks involved in the development and production of animated feature projects, the release dates for the projects described in this document may be delayed. For a further list and description of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our most recent quarterly reports on Form 10-Q. DreamWorks Animation is under no obligation to, and expressly disclaims any obligation to, update or alter its forward- looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

    DreamWorks Animation SKG, Inc.

    CONTACT: Jeff Hare, DreamWorks Animation Publicity, +1-818-695-8055,
    jeff.hare@dreamworks.com; or Shannon Olivas, DreamWorks Animation Corporate
    Communications, +1-818-695-3658, shannon.olivas@dreamworks.com

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




    Ireland Inc. Reports Drilling Results That Indicate Additional Gold and Silver ResourcesDrill hole assays indicate mineralized Zones A and B are still open to extension

    HENDERSON, Nev., Nov. 3 /PRNewswire-FirstCall/ -- Ireland Inc. (OTC Bulletin Board: IRLD), a minerals exploration and development company focused on the discovery and extraction of precious metals from mineral deposits in the Southwestern United States, today announced assay results from the first 23 drill holes of its current 58-hole drill program at the Columbus Project located in Esmeralda County, Nevada.

    Ireland received the assays from independent consultants McEwen Geological LLC of Arvada, Colorado ("McEwen Geological"). The drill samples were analyzed using a caustic fusion technique, and the results reported were from the extracted precious metals (see table below). Assay results from these first 23 drill holes indicate that the mineralized Zone A could potentially extend further to the west and south, and the mineralized Zone B could potentially extend further to the west and north, from their currently defined areas.

    Au (opt) Ag (opt) Au (opt)(1) Equivalent Zone A South - (9 holes) Weight Mean Average 0.037 0.190 0.039 Zone B West - (2 holes) Weight Mean Average 0.039 0.190 0.042 Zone B East - (3 holes) Weight Mean Average 0.024 0.095 0.025 Zone B South - (9 holes) Weight Mean Average 0.023 0.091 0.024 (1) Au Equivalent calculated using: $900/oz Au, $12/oz Ag Expanded 2009 Drill Program

    In September 2009 Ireland announced it had received approval from the Bureau of Land Management to expand its previously authorized 30-hole drill program at the Columbus Project by 28 holes. The 58 holes were drilled to depths ranging from 200 feet to 400 feet below the surface. The objective of the program is to determine the three-dimensional extent and economic potential of the gold/silver mineralization that lies between and beyond the previously identified mineralized Zones A and B of the Columbus Project.

    In September, Ireland also announced that its second 2,000 pound pilot scale leach test produced 83% recovery of gold and silver (metal-in-hand).

    "We are encouraged by the drill hole assay results and by the continued success of our leach extraction testing program," stated Douglas D.G. Birnie, Chief Executive Officer of Ireland. "The drilling component of the program has now been completed, and samples from the remaining 35 drill holes are currently being analyzed. We will continue to report results as they are delivered to Ireland. McEwen Geological will conduct geological modeling and resource calculations after they have received all of the drill program data."

    "We are making solid progress towards our goal of receiving independently confirmed gold and silver resources and completing the prefeasibility program through operations at our onsite pilot plant," concluded Birnie.

    Drill Results Hole Depth Mineralized Thickness Au Ag Au (opt) (2) ID Drilled (ft) Interval (ft) (ft) (opt) (opt) Equivalent Zone A South 09-S3A 200' 0' to 200' 200' 0.038 0.175 0.040 09-S6A 200' 0' to 200' 200' 0.039 0.263 0.042 09-S9A 330' 120' to 330' 210' 0.035 0.206 0.038 09-S10A 200' 0' to 120' 120' 0.023 0.132 0.025 09-S11A 400' 0' to 140' 140' 0.048 0.285 0.051 09-S12A 200' 0' to 40' 40' 0.037 0.166 0.039 100' to 160' 60' 0.048 0.211 0.051 09-S13A 200' 0' to 200' 200' 0.038 0.206 0.041 09-S14A 400' 0' to 380' 380' 0.033 0.127 0.034 09-S15A 200' 0' to 200' 200' 0.039 0.185 0.042 Zone A South - Weight Mean Average 0.037 0.190 0.039 Zone B West 09-S1B 200' 0' to 200' 200' 0.038 0.187 0.040 09-S2B 200' 20' to 200' 180' 0.041 0.192 0.044 Zone B West - Weight Mean Average 0.039 0.190 0.042 Zone B East 09-S3B 200' 0' to 180' 180' 0.023 0.085 0.024 09-S4B 200' 80' to 200' 120' 0.025 0.105 0.027 09-S5B 400' 0' to 360' 360' 0.024 0.097 0.025 Zone B East - Weight Mean Average 0.024 0.095 0.025 Zone B South 09-S7B 400' 240' to 400' 160' 0.023 0.103 0.024 09-S8B 200' None 09-S9B 400' 0' to 200' 200' 0.025 0.099 0.027 240' to 400' 160' 0.018 0.067 0.019 09S-10B 200' 80' to 120' 40' 0.032 0.133 0.033 09-S11B 200' None 09-S12B 400' 160' to 240' 80' 0.027 0.107 0.028 09-S13B 200' 0' to 180' 180' 0.025 0.095 0.026 09-S14B 200' 0' to 200' 200' 0.018 0.069 0.019 09-S15B 400' 0' to 380' 380' 0.023 0.093 0.024 Zone B South - Weight Mean Average 0.023 0.091 0.024 (2) Au Equivalent calculated using: $900/oz Au, $12/oz Ag About Ireland Inc.

    Based in Henderson, Nevada, Ireland Inc. is a minerals exploration and development company that is focused on the discovery and extraction of precious metals from mineral deposits in the Southwestern United States.

    In 2007, Ireland acquired rights to two mining properties, both of which are prospective for gold and other minerals. In early 2008, Ireland completed the acquisition of the Columbus Project located near Tonopah, NV, where it has an option to acquire an additional 22,640 acres of adjacent mineral claims. Ireland also owns rights to acquire up to 100% of the Red Mountain Project in San Bernardino County, California.

    Forward-Looking Statements

    This document may include statements that constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect", or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, Ireland's limited operating history, future trends in mineral prices, the availability of capital, geological or mechanical difficulties affecting Ireland's planned geological work programs, and uncertainties surrounding estimates of mineralized material. There is no assurance that the test results reported in this document are indicative of extraction rates throughout the Columbus Project. Additional exploration work will be required to fully define the extent of the Columbus Project's mineralized areas and before proved or probable mineral reserves can be established. There is no assurance that the results of Ireland's pre-feasibility program will result in a decision to enter into commercial production. Ireland undertakes no obligation to update the forward looking statements in this document.

    IR CONTACTS: Terri MacInnis, Dir. of Investor Relations Jerry Falkner, CFA Bibicoff + MacInnis, Inc. RJ Falkner & Company, Inc. 818.379.8500 800.377.9893 terri@bibimac.com info@rjfalkner.com

    Ireland Inc.

    CONTACT: Terri MacInnis, Dir. of Investor Relations of Bibicoff +
    MacInnis, Inc., +1-818-379-8500, terri@bibimac.com; or Jerry Falkner, CFA of
    RJ Falkner & Company, Inc., 1-800-377-9893, info@rjfalkner.com, both for
    Ireland Inc.




    NetCapture Branch Now Available in ASP EnvironmentASP Solution Ideally Suited for Small and Medium-Sized Financial Institutions

    BOSTON, Nov. 3 /PRNewswire/ -- NetDeposit, a leading provider of distributed check capture solutions, announced today that its NetCapture Branch product is now available in an application service provider (ASP) environment. The NetCapture Branch ASP solution allows small and medium volume financial institutions to avoid the costs associated with technology and processing infrastructure investments typically required to roll out distributed branch capture by providing a turn-key, outsourced, end-to-end solution for branch image capture. Available to NetDeposit's new and existing financial institution customers, the NetCapture Branch ASP service offers financial institutions the opportunity to gain the benefits of branch capture - later deposit deadlines for customers, lower courier fees and lower operational costs - with a low up front investment.

    "Small to medium-sized financial institutions require a cost-effective branch capture solution. NetCapture Branch offers a proven, feature-rich solution in an ASP environment, opening the door to branch distributed capture for these organizations," said Chris Styga, EVP and general manager of NetDeposit's Financial Services Solution Group. "NetCapture Branch ASP is an affordable, low cost branch capture alternative available to organizations that may not have the budget or resources to implement this technology in-house. The end game is to eliminate the burden of traditional Day One proof, item repair and balancing within their operation, enabling the financial institution to focus exclusively on its customers and customer service.

    The NetCapture Branch ASP offers financial institutions the option to outsource the back office functions associated with Proof of Deposit (POD) including keying, balancing, adjustments and reject repair. In this manner the NetCapture Branch ASP solution can cater to those financial institutions that want to outsource their back office processing of POD work entirely, as well as those that wish to process their own work, without the cost associated with supporting the technology in-house.

    NetCapture Branch provides flexible workflow options to suit the specific operating needs of the financial services industry. Deployed in an ASP environment, NetCapture Branch allows financial institutions to immediately achieve the competitive advantage of distributed capture, while reducing the risks and infrastructure costs associated with deploying an in-house system.

    About NetDeposit

    NetDeposit leads the revolution in payment technologies which support paper to image processing, distributed capture, and electronic clearing. NetDeposit's Financial Services Solutions Group delivers value to banks, credit unions, processors, and their customers by providing proven payment technologies. With multiple patents and billions of checks processed, NetDeposit's products and services include remote deposit capture, branch capture, image cash letter processing, and check clearing.

    NetDeposit, LLC, is a subsidiary of Zions Bancorporation . For information call (801) 716-4800, email pressrelations@netdeposit.com or visit http://www.netdeposit.com/.

    NetDeposit and NetCapture are registered trademarks of NetDeposit, LLC. All other trademarks and/or registered trademarks are property of their respective owners.

    NetDeposit

    CONTACT: Rahn Rampton of NetDeposit, +1-801-716-4747,
    rrampton@netdeposit.com

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




    White Electronic Designs Corporation Reports Preliminary Results for the Fourth Quarter and Fiscal Year 2009

    PHOENIX, Nov. 3 /PRNewswire-FirstCall/ -- White Electronic Designs Corporation reported preliminary, unaudited financial results for the fourth quarter and fiscal year ended September 30, 2009.

    Preliminary net revenue for the fourth quarter of fiscal 2009 ending September 30, 2009 is approximately $15 million, a 4% increase over the prior year's fourth quarter, but down 7% from the third quarter of fiscal 2009. Preliminary net revenue for fiscal year 2009 is approximately $62 million, an increase of 11% over the prior fiscal year.

    Fourth quarter bookings for fiscal 2009 are approximately $9 million, a 47% decrease from the prior year's fourth quarter, and down 50% from the third quarter of fiscal 2009. Fiscal year 2009 preliminary bookings are approximately $64 million, an increase of 14% over the prior fiscal year.

    Cash is approximately $64 million as of September 30, 2009, an increase of 21% over the prior year-end balance of approximately $53 million.

    Gerald Dinkel, President and Chief Executive Officer, stated, "In fiscal 2009, White delivered significant year-over-year bookings and revenue gains and closed the year with a very strong cash position. We believe this is an early indicator of the success of our defense-focused electronics strategy established 12 months ago. Fourth quarter orders and revenue for fiscal 2009 were impacted by delays in funding on several projects which remain high defense priorities. While we expect the overall business trend to be up as programs mature in 2010 and beyond, we are likely to encounter continued quarter-to-quarter fluctuations in bookings and revenue as we move to a business base driven more by larger orders on major defense programs."

    The Company will issue its complete fiscal 2009 fourth quarter and annual results' press release in early December 2009.

    About White Electronic Designs Corporation

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

    Cautionary Statement

    This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. The words, "believe," "expect," "anticipate," "estimate," "will" and other similar statements of expectation identify forward-looking statements. Specific forward looking statements in this press release include but are not limited to the Company's expectations related to: year-over-year increases in bookings and revenue being an indicator of success of our defense-only strategy, that the Company's overall business trend will be up as multiple high-level programs mature in fiscal 2010 and beyond and the continued quarter-to-quarter fluctuations of bookings and revenues.. Additionally, other factors that could materially and unexpectedly affect the Company's results are set forth in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Report on Form 10-Q. You are cautioned not to place undue reliance on our forward-looking statements. We do not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events.

    WEDC-F Company Contact: Roger Derse Vice President, Chief Financial Officer 602-437-1520 rderse@wedc.com

    White Electronic Designs Corporation

    CONTACT: Roger Derse, Vice President, Chief Financial Officer of White
    Electronic Designs, +1-602-437-1520, rderse@wedc.com

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




    CSC Provides Research Grant to Train Next Generation of Cyber Experts

    FALLS CHURCH, Va., Nov. 3 /PRNewswire/ -- CSC announced today that it has expanded its longtime support of the CyberWatch Center to advance educational efforts that address the increasing need for cyber experts. Since the formation of CyberWatch in 2005, CSC has provided industry advisory services to help improve faculty and student education and training. CSC will provide increased advisory support and a research grant that will benefit the annual Collegiate Cyber Defense Competition.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090422/CSCLOGO)

    CyberWatch is funded by a National Science Foundation grant and is a non-profit group tasked with advancing cyber education through activities such as curriculum development and the regional Collegiate Cyber Defense Competition for teams from local colleges.

    "As government agencies and commercial firms call for a dramatic increase in the immediate need for cyber experts, the education of our future cyber professionals through this partnership is critical to our success," said Ron Knode, director of CSC's Global Security Solutions organization and member of the CyberWatch industry advisory board. "We're honored to support the center in its mission to improve the quality and increase awareness of information security and assurance in the education and business communities."

    "Our programs have benefited greatly with the help of our advisory board members and CSC's advisory expertise has been with us from the beginning," said Dr. Robert J. Spear, director of the CyberWatch Center. "I am sure this increased level of commitment will yield measurable progress in the education of the nation's next generation of cyber experts. We're proud of the relationship that we've built with CSC and other members of the industry advisory board. This contribution to our Cyber Defense Competition is especially important for our progress and we look forward to further strengthening this relationship with CSC."

    The Collegiate Cyber Defense Competition showcases collegiate talent in cyber defense. The event is open to the public and will take place in the metropolitan Washington area March 12-14, 2010.

    CSC's cyber expertise extends across the defense and intelligence agencies and commercial enterprises in banking, healthcare, manufacturing, telecommunications and energy. CSC protects the networks of some of the world's major global corporations.

    For more information about CSC's cyber solutions, visit http://www.csc.com/security.

    About CyberWatch

    Led by Prince George's Community College, CyberWatch is a consortium of higher education institutions, businesses and government agencies that is focused on building and maintaining a stronger information security and assurance workforce. In addition, CyberWatch is committed to improving the quality and increasing the awareness of information security and assurance in the education and business communities. Consortium members collaborate to share best practices, methodologies, curricula, course modules and materials, and provide faculty training and support to schools who want to develop an information security and assurance curriculum.

    About CSC

    CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $16.2 billion for the 12 months ended July 3, 2009. For more information, visit the company's Web site at http://www.csc.com/.

    Photo: http://www.newscom.com/cgi-bin/prnh/20090422/CSCLOGO
    http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com CSC

    CONTACT: Caroline Longanecker, Senior Manager, Communications, North
    American Public Sector, +1-703-205-6130, clonganecker@csc.com, or Chris
    Grandis, Media Relations Director, Corporate, +1-703-641-2316,
    cgrandis@csc.com, or Bryan Brady, Vice President, Investor Relations,
    Corporate, +1-703-641-3000, investorrelations@csc.com, all of CSC

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




    Express Scripts and Greatwater Software Announce Partnership to Provide New Service in Physician OfficesService to support medication adherence and provide Express Scripts members with cost- and time-saving options

    ORLANDO, Fla., Nov. 3 /PRNewswire-FirstCall/ -- Express Scripts, Inc. , a provider of integrated pharmacy benefit management (PBM) services, and Greatwater Software, Inc., a provider of patient self-service solutions for the healthcare industry, today announced a program that will enable patients to review options for reducing prescription costs when checking in for appointments at their physician's office.

    Under the terms of the agreement, Express Scripts will utilize Greatwater's PatientPoint(TM) kiosk platform to present its members with information regarding their prescription benefit and prescription management options such as generic drug and home delivery of medication options.

    As patients bear the burden of a growing portion of their medical expenses, they are increasingly opting not to fill their prescriptions due to high out-of-pocket costs. According to a study in the Archives of Internal Medicine, 35 percent of patients with chronic illnesses never discussed with their doctor that they planned to reduce their own medications due to escalating costs.

    "Presenting consumers with prescription management options at the point of care not only promotes better prescription compliance but also empowers patients to take a more active role in managing their health," said Steve Miller, M.D., chief medical officer at Express Scripts. "Only half of all patients are estimated to take their prescriptions as prescribed by their physician. By utilizing Greatwater Software's kiosk technology, we will be able to more closely monitor prescription adherence and conversion rates, which will provide us with valuable insight into patient medication compliance."

    The kiosks will engage patients in real time at the point of care to streamline practice workflow and increase the likelihood of prescription adherence. These kiosks will provide Express Scripts members with economical pharmacy options based on their specific medication regimens.

    "With healthcare costs continuing to rise, our patients appreciate the chance to save money on their prescriptions while also reducing trips to the pharmacy," said Pradeep Vangala, M.D., president of Orlando Internal Medicine, a pilot site for the joint initiative. "Meanwhile, our physicians have a better understanding of patients' prescription compliance issues without having to ask a number of questions during the patient visit, resulting in greater overall efficiency."

    "An increasing number of physician practices are adopting self-service for functions such as patient registration, bill payment and appointment scheduling. Through this important collaboration, patients who are members of health plans that partner with Express Scripts will have access to prescription management options that make it more cost-effective and convenient for them to comply with their medication plans," adds Don Shaver, CEO for Greatwater Software. "At the same time, the initiative will provide Express Scripts with a centralized method for communicating with their member population at the point of care."

    About Express ScriptsExpress Scripts is one of the largest full-service pharmacy benefit management companies in North America, providing healthcare management and administration services to HMOs, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers' compensation plans and government health programs. The Company assists plan sponsors in addressing access and affordability concerns resulting from rising drug costs while helping to improve health outcomes. The Company's integrated PBM services include network claims processing, home delivery services, patient care and direct specialty home delivery to patients, benefit design consultation, drug utilization review, formulary management, drug data analysis services, distribution of injectable drugs to patients' homes and physicians offices, bio-pharma services and other services.

    Express Scripts is headquartered in St. Louis, Missouri. More information can be found on Express Scripts' website, which includes expanded investor information and resources.

    About Greatwater Software Greatwater Software provides interactive self-service solutions that enable payers, providers, pharmacy benefit managers and pharmaceutical companies to engage patients at the optimal time during the episode of care for enhanced operational efficiency and. Designed to provide a single point of access for communicating with patients throughout the continuum of care, the company's PatientPoint(TM) platform offers a variety of physician office-based applications, including patient check-in, eligibility verification, prescription adherence management and e-prescribing. For more information, visit http://www.greatwatersoftware.com/.

    Express Scripts, Inc.

    CONTACT: Missy Britan of Burson-Marsteller, +1-202-530-4531,
    Missy.Britan@bm.com, or Kathleen Bowley, Dodge Communications,
    +1-770-576-2558, kbowley@dodgecommunications.com, both for Express Scripts,
    Inc.

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




    Television Company Belo Corp. (BLC) Reports Results for Third Quarter 2009

    DALLAS, Nov. 3 /PRNewswire-FirstCall/ -- Belo Corp. , one of the nation's largest pure-play, publicly-traded television companies, today reported pro forma earnings per share of $0.05 in the third quarter of 2009, in line with analysts' estimates, compared to net earnings per share of $0.14 in the third quarter of 2008. Pro forma earnings per share in the third quarter of 2009 exclude a non-cash impairment charge to intangible assets. Including the non-cash impairment charge to intangible assets, the GAAP net loss per share for the third quarter of 2009 was ($1.47).

    The Company also announced it is nearing the completion of an amendment to its bank credit facility, the effectiveness of which will be subject to the completion of a separate financing. The Company currently expects the amendment and separate financing to be completed and effective by the end of November.

    Dunia A. Shive, Belo's president and Chief Executive Officer, said, "The Company's third quarter total revenue decline of 17.7 percent was an improvement over second quarter's revenue decline of 23 percent, and is noteworthy given the significant political and Olympics revenue generated in the third quarter of 2008. Spot revenue, excluding political, declined 16 percent in the third quarter of 2009, an improvement from the 28 percent decline experienced in the second quarter of 2009. When factoring out the Olympics impact in August of 2008, monthly percentage declines in the Company's core local and national spot revenue have improved sequentially from May through October. The Company's combined station and corporate operating costs decreased 9 percent in the third quarter of 2009 compared to the third quarter of 2008 due primarily to cost-saving measures implemented over the past year. The Company generated $35 million in consolidated EBITDA in the third quarter of 2009, and reduced its debt by $27 million during the quarter. Once completed, the contemplated amended credit facility will provide the Company greater capacity under the facility's leverage and interest coverage covenants and greater flexibility for the Company going forward."

    Third Quarter in Review Operating Results

    Total revenue decreased 17.7 percent in the third quarter of 2009 versus the third quarter of 2008. Total spot revenue, including political, was down 21.5 percent with 15 percent and 18 percent decreases in local and national spot, respectively. Third quarter 2009 revenues were affected by the soft advertising environment, particularly in the automotive category which was down 36 percent compared to the third quarter of 2008. Political revenue of $2.1 million in the third quarter of 2009 was $9.6 million lower than the third quarter of 2008. Olympics revenue totaled $9.7 million in the third quarter of 2008.

    Advertising revenue associated with Belo's Web sites decreased 7.2 percent to $7.4 million in the third quarter of 2009. Retransmission revenue totaled $10.6 million in the third quarter of 2009 and represented 7.5 percent of the Company's total revenue for the period.

    Total station expenses decreased 11 percent in the third quarter of 2009 versus the same period last year due primarily to the continued implementation of cost-saving measures.

    Station EBITDA in the third quarter of 2009 was down 29 percent versus the prior year. The station EBITDA margin for the third quarter of 2009 was 31 percent compared to 36 percent in the third quarter of 2008.

    The third quarter of 2009 includes a non-cash impairment charge of $242 million ($155 million, net of tax) reflecting a reduction in the fair value of the Company's FCC licenses. The charge was determined during Belo's quarterly impairment testing of goodwill and other intangible assets using the methodology prescribed by generally accepted accounting principles. The non-cash impairment charge will not affect Belo's liquidity, cash flows from operating activities or debt covenants, or have an impact on the Company's future operations.

    Corporate

    Corporate operating costs were $7.7 million in the third quarter of 2009 compared to $6 million in the third quarter of 2008. The increase was due primarily to higher non-cash share-based compensation expense associated with the Company's increased stock price and a decrease in the credit to pension expense.

    Other Items

    Belo's depreciation and amortization expense increased 4.5 percent to $11.5 million in the third quarter of 2009, up from $11 million in the third quarter of 2008.

    Interest expense decreased $5.5 million, or 26 percent, in the third quarter of 2009 versus the third quarter of 2008.

    Other income, net, decreased $1.2 million in the third quarter of 2009 due primarily to a loss on the sale of certain non-operating assets.

    Income tax expense decreased $93.2 million in the third quarter of 2009 due primarily to an $87 million tax benefit associated with the aforementioned impairment charge.

    Total debt at September 30, 2009 was $1.042 billion, a reduction of $50 million from December 31, 2008. The Company's leverage and interest coverage ratios, as defined in the Company's bank credit facility, were 5.6 and 3.0 times, respectively, at September 30, 2009. The Company invested $1.7 million in capital expenditures in the third quarter of 2009, down from $3.6 million in the third quarter of 2008. Capital expenditures for the year are expected to be less than $10 million.

    Other Matters

    The Company announced today it is nearing the completion of an amendment to its bank credit facility, the effectiveness of which will be subject to the receipt of proceeds of a separate financing, which will be used to reduce the outstanding balance and commitments under its $550 million credit facility. Although Belo was in compliance with the terms of its credit facility at quarter end, the contemplated amendment is expected to allow for additional capacity under the credit facility's leverage and interest coverage covenants and also extend the term of a portion of the commitments under the bank credit facility from June 2011 to December 2012. When finalized, the extended credit facility is expected to provide for an increase in pricing based on the Company's leverage ratio and other modifications to the existing agreement.

    Also in September, Belo and A. H. Belo Corporation amended the tax matters agreement executed between the two companies at the time of the spin-off of A. H. Belo in 2008. The amendment allows for the carry back of A. H. Belo's losses generated following its spin-off to Belo's pre-spin tax returns. After the tax matters agreement was amended, Belo amended a previously filed tax return to generate a $12 million federal income tax refund. Belo will apply the refund towards A. H. Belo's future pension obligations to the Belo-sponsored pension plan. The refund is expected to cover any 2010 contributions required from A. H. Belo.

    Non-GAAP Financial Measures

    A reconciliation of station EBITDA to earnings from operations, a reconciliation of cash operating costs and expenses before spin-off related costs to total operating costs and expenses, and a reconciliation of net earnings from continuing operations to pro forma net earnings from continuing operations, are set forth in an exhibit to this release.

    Fourth Quarter Outlook

    Regarding Belo's outlook for the remainder of the year, Shive said, "The Company's core local and national spot business in October 2009 finished flat with October of last year, partially as a result of the crowd-out effect on 2008 core business from political advertising. For the fourth quarter overall, we expect the percentage decline in core local and national spot business to improve from the third quarter of 2009. However, because of $35.9 million in political revenue generated in the fourth quarter of last year, the Company's total spot revenue percentage decline in the fourth quarter of 2009 will be higher than the percentage decline experienced in the third quarter of 2009.

    "Excluding spin-off related charges, full year 2009 combined station and corporate operating costs are expected to be approximately 13 percent lower than 2008, an improvement from previous guidance."

    A conference call to discuss this earnings release and other matters of interest to shareholders and analysts will follow at 1:00 p.m. CST this afternoon. The conference call will be simultaneously Webcast on the Company's Web site (http://www.belo.com/invest). Following the conclusion of the Webcast, a replay of the conference call will be archived on Belo's Web site. To access the listen-only conference lines, dial 1-866-233-3843. A replay line will be open from 3:00 p.m. CST on November 3, 2009 until 11:59 p.m. CST on November 17, 2009. To access the replay, dial 800-475-6701 or 320-365-3844. The access code for the replay is 119977.

    About Belo Corp.

    Belo Corp. (BLC) is one of the nation's largest pure-play, publicly-traded television companies, with 2008 annual revenue of $733 million. The Company owns and operates 20 television stations (nine in the top 25 markets) and their associated Web sites. Belo stations, which include affiliations with ABC, CBS, NBC, FOX, CW and MyNetwork TV, reach more than 14 percent of U.S. television households in 15 highly-attractive markets. Belo stations rank first or second in nearly all of their local markets. Additional information is available at http://www.belo.com/ or by contacting Paul Fry, vice president/Investor Relations & Corporate Communications, at 214-977-6835.

    Statements in this communication concerning Belo's business outlook or future economic performance, anticipated profitability, revenues, expenses, dividends, capital expenditures, investments, future financings, impairments, and other financial and non-financial items that are not historical facts, are "forward-looking statements" as the term is defined under applicable federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements.

    Such risks, uncertainties and factors include, but are not limited to, uncertainties regarding the costs, consequences (including tax consequences) and other effects of the Company's spin-off distribution of its newspaper businesses and related assets to A. H. Belo Corporation and the associated agreements between the Company and A. H. Belo relating to various matters; changes in capital market conditions and prospects, and other factors such as changes in advertising demand, interest rates and programming and production costs; changes in viewership patterns and demography, and actions by Nielsen; changes in the network-affiliate business model for broadcast television; technological changes, including the national transition to digital television in June 2009, and the development of new systems to distribute television and other audio-visual content; changes in the ability to secure, and in the terms of, carriage of Belo programming on cable, satellite, telecommunications and other program distribution methods; development of Internet commerce; industry cycles; changes in pricing or other actions by competitors and suppliers; Federal Communications Commission and other regulatory, tax and legal changes; adoption of new accounting standards or changes in existing accounting standards by the Financial Accounting Standards Board or other accounting standard-setting bodies or authorities; the effects of Company acquisitions, dispositions and co-owned ventures; general economic conditions; and significant armed conflict, as well as other risks detailed in Belo's other public disclosures and filings with the SEC including Belo's Annual Report on Form 10-K/A.

    Belo Corp. Consolidated Statements of Operations Three months ended Nine months ended In thousands, September 30, September 30, except per share ------------- ------------- amounts 2009 2008 2009 2008 ----------------- ---- ---- ---- ---- (unaudited) (unaudited) (unaudited) (unaudited) Net Operating Revenues $140,617 $170,823 $418,923 $534,619 Operating Costs and Expenses Station salaries, wages and employee benefits 47,002 56,523 145,211 175,851 Station programming and other operating costs 49,972 52,567 147,556 156,659 Corporate operating costs 7,743 5,954 21,891 21,662 Spin-off related costs - - - 4,659 Depreciation 11,520 11,025 32,279 32,233 Impairment 242,144 - 242,144 - ------- ------ ------- ------ Total operating costs and expenses 358,381 126,069 589,081 391,064 Earnings from operations (217,764) 44,754 (170,158) 143,555 Other income and expense Interest expense (15,654) (21,188) (45,566) (65,427) Other income (expense), net (657) 543 12,907 1,616 ------ ------ ------ ----- Total other income and expense (16,311) (20,645) (32,659) (63,811) Earnings from continuing operations before income taxes (234,075) 24,109 (202,817) 79,744 Income taxes (83,554) 9,672 (71,502) 49,808 ------- ------ ------- ------ Net earnings from continuing operations (150,521) 14,437 (131,315) 29,936 Discontinued operations, net of tax - - - (4,499) -------- ------- -------- ------ Net earnings $(150,521) $14,437 $(131,315) $25,437 ========= ======= ========= ======= Net earnings per share - Basic(1) Earnings per share from continuing operations $(1.47) $0.14 $(1.28) $0.29 Loss per share from discontinued operations - - - (0.04) ----- ----- ----- ----- Net earnings per share - Basic $(1.47) $0.14 $(1.28) $0.25 ====== ===== ====== ===== Net earnings per share - Diluted(1) Earnings per share from continuing operations $(1.47) $0.14 $(1.28) $0.29 Loss per share from discontinued operations - - - (0.04) ----- ----- ----- ----- Net earnings per share - Diluted $(1.47) $0.14 $(1.28) $0.25 ====== ===== ====== ===== Cash dividends declared per share $- $0.15 $0.075 $0.225 ====== ===== ====== ====== (1) Effective January 1, 2009, the Company adopted Accounting Standards Codification (ASC) 260-10 (formerly Financial Accounting Standards Board Staff Position EITF 03-6-1) which requires the Company to consider unvested share-based payment awards in its calculation of net earnings per share (EPS). This change in the calculation of EPS is retroactive and is reflected in the EPS amounts shown for 2008. Belo Corp. Consolidated Condensed Balance Sheets September 30, December 31, In thousands 2009 2008 ------------- ---- ---- (unaudited) (restated) Assets Current assets Cash and temporary cash investments $3,277 $5,770 Accounts receivable, net 116,365 138,638 Other current assets 35,090 22,276 ------ ------ Total current assets 154,732 166,684 Property, plant and equipment, net 182,313 209,988 Intangible assets, net 1,149,272 1,391,416 Other assets 73,569 81,091 --------- --------- Total assets $1,559,886 $1,849,179 ========== ========== Liabilities and Shareholders' Equity Current liabilities Accounts payable $13,618 $19,385 Accrued expenses 51,945 51,399 Other current liabilities 20,599 39,027 ------ ------ Total current liabilities 86,162 109,811 Long-term debt 1,042,470 1,092,765 Deferred income taxes 159,629 234,452 Other liabilities 220,224 225,248 Total shareholders' equity 51,401 186,903 ------ ------- Total liabilities and shareholders' equity $1,559,886 $1,849,179 ========== ========== Belo Corp. Non-GAAP to GAAP Reconciliations Station EBITDA Three months ended Nine months ended September 30, September 30, ------------- ------------- In thousands (unaudited) 2009 2008 2009 2008 ------------------------ ---- ---- ---- ---- Station EBITDA (1) $43,643 $61,733 $126,156 $202,109 Corporate operating costs 7,743 5,954 21,891 21,662 Spin-off related costs - - - 4,659 Depreciation 11,520 11,025 32,279 32,233 Impairment 242,144 - 242,144 - ------- ------ ------- ------ Earnings from operations $(217,764) $44,754 $(170,158) $143,555 ========= ======= ========= ======== Note 1: Belo's management uses Station EBITDA as the primary measure of profitability to evaluate operating performance and to allocate capital resources and bonuses to eligible operating company employees. Station EBITDA represents the Company's earnings from operations before interest expense, income taxes, depreciation, amortization, corporate expense and spin-off related operating costs. Other income (expense), net is not allocated to television station earnings from operations because it consists primarily of equity in earnings (losses) from investments in partnerships and joint ventures and other non-operating income (expense). Total Operating Costs and Expenses Before Spin-Off Related Costs In thousands (unaudited) Three months ended Three months ended September 30, 2009 September 30, 2008 ------------------- ------------------- Station Corporate Combined Station Corporate Combined ------- --------- -------- ------- --------- -------- Cash operating costs and expenses before spin- off related costs $96,974 $7,743 $104,717 $109,090 $5,954 $115,044 Depreciation 10,637 883 11,520 9,607 1,418 11,025 Impairment charge 242,144 - 242,144 - - - ------- ----- ------- ------- ----- ------- Total operating costs and expenses $349,755 $8,626 $358,381 $118,697 $7,372 $126,069 ======== ====== ======== ======== ====== ======== Nine months ended Nine months ended September 30, 2009 September 30, 2008 ------------------- ------------------- Station Corporate Combined Station Corporate Combined ------- --------- -------- ------- --------- -------- Cash operating costs and expenses before spin- off related costs $292,767 $21,891 $314,658 $332,510 $21,662 $354,172 Depreciation 28,507 3,772 32,279 28,220 4,013 32,233 Spin-off related costs - - - - 4,659 4,659 Impairment charge 242,144 - 242,144 - - - ------- ------ ------- ------- ------ ------ Total operating costs and expenses $563,418 $25,663 $589,081 $360,730 $30,334 $391,064 ======== ======= ======== ======== ======= ======== Belo Corp. Non-GAAP to GAAP Reconciliations (continued) Pro Forma Net Earnings From Continuing Operations In thousands (unaudited) Three months Three months ended September ended September 30, 2009 30, 2008 ---------------- ---------------- Earnings EPS Earnings EPS -------- --- -------- --- Net earnings from continuing operations $(150,521) $(1.47) $ 14,437 $0.14 Spin-off related operating and financing costs, net of tax - - Impairment charge, net of tax 155,420 1.51 - ------- ------ Pro forma net earnings from continuing operations $4,899 $0.05 $ 14,437 $0.14 ====== ====== Nine months Nine months ended September ended September 30, 2009 30, 2008 ----------------- ---------------- Earnings EPS Earnings EPS -------- --- -------- --- Net earnings from continuing operations $(131,315) $(1.28) $ 29,936 $0.29 Spin-off related operating and financing costs, net of tax - 3,502 0.03 Gain from extinguishment of debt, net of tax (9,131) (0.09) - Spin-off related tax charge - 18,235 0.18 Impairment charge, net of tax 155,420 1.52 - ------- ------ Pro forma net earnings from continuing operations $14,974 $0.15 $ 51,673 $0.51 ======= ======

    Belo Corp.

    CONTACT: Paul Fry, vice president/Investor Relations & Corporate
    Communications of Belo Corp., +1-214-977-6835

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




    NF Energy Saving Corporation Completes US$560,000 Energy-Efficient Flow Control System for a Large Ultra-Supercritical Coal Power Plant in Guangdong Province-- 1st batch of energy-efficient flow control systems to be delivered in Q4 2009-- US GAAP revenue of US$560,000 to be recognized in Q4 2009-- Another US$560,000 of energy-efficient flow control systems to be delivered in 2010

    SHENYANG, China, Nov. 3 /PRNewswire-Asia/ -- NF Energy Saving Corporation (OTC Bulletin Board: NFEC; "NF Energy"), a Chinese leader in energy efficient flow control systems, today announced the Company has completed the 1st batch of energy efficient flow control systems for a large power plant in Guangdong province. Four butterfly valves are to be delivered in Q4 2009. US GAAP revenue of US$560,000 is to be recognized in Q4 2009. Another batch of four butterfly valves is to be delivered in 2010 and US GAAP revenue of US$560,000 is to be recognized in 2010.

    This power plant is China's new Ultra-Supercritical coal power plant being built to replace small, dirty and inefficient coal power plants with design capacity of 2 x 1000MW of generation capacity. It will greatly improve the electricity supply in the Pearl River Delta Area.

    About NF Energy Saving Corporation Website: http://www.nfenergy.com/

    NF Energy Saving Corporation (OTCBB: NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents.

    Safe Harbor Statement

    This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact: Howard Gostfrand American Capital Ventures Tel: +1-305-918-7000 Email: info@amcapventures.com Web: http://www.amcapventures.com/

    NF Energy Saving Corporation

    CONTACT: Howard Gostfrand, American Capital Ventures, +1-305-918-7000,
    info@amcapventures.com

    Web site: http://www.nfenergy.com/




    The Home Depot to Host Third Quarter 2009 Earnings Conference Call on November 17, 2009

    ATLANTA, Nov. 3 /PRNewswire-FirstCall/ -- The Home Depot, the world's largest home improvement retailer, announced today that it will hold its Third Quarter 2009 Earnings Conference Call on Tuesday, November 17 at 9 a.m. ET.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20030502/HOMEDEPOTLOGO )

    A webcast will be available by logging onto http://www.homedepot.com/ and selecting the Third Quarter 2009 Earnings Conference Call icon. The link will be displayed on the home page as well as under the Investor Relations section. The webcast will be archived and available beginning at approximately noon on November 17.

    The Home Depot is the world's largest home improvement specialty retailer, with 2,242 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and China. In fiscal 2008, The Home Depot had sales of $71.3 billion and earnings from continuing operations of $2.3 billion. The Company employs more than 300,000 associates. The Home Depot's stock is traded on the New York Stock Exchange and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

    Photo: http://www.newscom.com/cgi-bin/prnh/20030502/HOMEDEPOTLOGO The Home Depot

    CONTACT: Financial Community, Diane Dayhoff, Vice President of Investor
    Relations, +1-770-384-2666, diane_dayhoff@homedepot.com, or News Media, Paula
    Drake, Sr. Manager, Corporate Communications, +1-770-384-3439,
    paula_drake@homedepot.com

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




    Apple Rush Co. Sources Domestic Organic Erythritol Supplier for Its New Light Juices

    DOLTON, Ill., Nov. 3 /PRNewswire-FirstCall/ -- Apple Rush Co., Inc. (Pink Sheets: APRU) announces that it has sourced a domestic Organic Erythritol Supplier for its upcoming Apple Rush Organic Light Juices. This new development will assure that the Reduced Calorie versions of its Organic Apple Rush beverages will be well within the USDA's limit for Organic compliance. As recently announced, Apple Rush Organic Light is scheduled for an early 2010 introduction of three new Reduced Calorie flavors: Pomegranate, Original Apple and Black Cherry.

    Apple Rush Organic Lights will have the same refreshing taste as their 100% Juice versions, but with 40% less calories. They will be made with 60% Organic Juices and a blend of Stevia and Organic Erythritol, providing a delicious and satisfying taste like the original 100% juice versions. There will be less than 100 calories for the entire 12 oz. can.

    The domestic supplier of Organic Erythritol, derived from Organic cane sugar, is Cargill, Inc.

    "In light of the continuous stream of studies and press coverage on the negative health effects of soft drinks, we were driven to develop Apple Rush Organic Light. A great tasting lightly-carbonated beverage, it drinks like a soft drink but has the deeply refreshing qualities and rich nutrition of juice. The true Reduced Calorie feature of the beverages helps you meet the goal of controlling your calorie intake while you still enjoy the antioxidant benefits of nourishing and appealing juices," stated Robert Corr, President of Apple Rush Co.

    http://health.yahoo.com/experts/drmao/20270/what-soft-drinks-are-doing-to- your-body/

    For more information on Apple Rush Co., Inc. visit: http://www.applerush.com/ About Apple Rush Co., Inc:

    Apple Rush Company, Inc. is a producer of Organic 100% Juice Sparkling Beverages. The company markets its products through an extensive distribution network nearly 40 Distributors throughout the U.S. and in foreign markets. The Company's flagship product line of Organic Apple Rush(TM) Sparkling Beverages currently has six mainstream flavors in glass bottles. Three top selling flavors are also available in cans. Ongoing information is available.

    Safe Harbor: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.

    Apple Rush Co., Inc.

    CONTACT: Investor Relations of Big Apple Consulting USA, Inc.,
    +1-407-389-5900, for Apple Rush Co., Inc.

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




    Diebold Reports Third Quarter and Year-to-Date Financial ResultsEarnings overview presentation available at www.diebold.com/DBD3Q09.pdf

    NORTH CANTON, Ohio, Nov. 3 /PRNewswire-FirstCall/ --

    -- Third quarter revenue down 26%, compared with record third quarter 2008 revenue -- Company records loss of $31.4 million, net of tax, on sale of Premier Election Solutions -- Significant improvement in YTD cash flow from operations and lower net debt* -- Service gross margin continues to improve -- Company tightens previous full-year guidance

    Diebold, Incorporated today reported third quarter 2009 income from continuing operations attributable to Diebold, net of tax, of $24.5 million, or $0.37 per share, both down 49% from the third quarter 2008. Third quarter 2009 revenue was $645.2 million, down 26% from third quarter 2008.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20080725/DIEBOLDLOGO )

    Nine-month year-to-date 2009 income from continuing operations attributable to Diebold, net of tax, was $65.2 million, or $0.98 per share, both down 28% from the same period in 2008. Nine-month year-to-date 2009 revenue was $1,993.4 million, down 13% from 2008.

    Non-GAAP earnings per share* from continuing operations attributable to Diebold, net of tax, in the third quarter 2009 were $0.39, down 67% from third quarter 2008. Nine-month year-to-date 2009 non-GAAP earnings per share* were $1.36, down 40% from the same period in 2008.

    All results from operations reported today, including prior periods, reflect Premier Election Solutions as a discontinued operation.

    *See accompanying notes for non-GAAP measures. Business Review Management commentary

    "Considering the significant headwinds we continue to face in our core financial markets, I'm encouraged by the progress we've made on various key business improvement initiatives under our direct control," said Thomas W. Swidarski, Diebold president and chief executive officer. "It's important to note that we faced a very difficult comparison to the third quarter 2008, which represented the highest quarterly earnings per share in the company's history.

    "During this extremely difficult market environment, we continue to significantly reduce operating expenses on a dollar basis while maintaining our investment in future product and services solutions. We believe this strategy will help strengthen our competitive position when our core markets return to growth. We also continue to make progress on improving our working capital, which has resulted in a year-to-date free cash flow improvement of more than $65 million*. Looking forward, as we continue to move our company to an increased focus on services, we will manage our business as we have during the course of the financial downturn - by striking an appropriate balance between reducing our costs and investing in our future growth."

    *See accompanying notes for non-GAAP measures. Third Quarter Orders (constant currency)

    Total product and services orders for financial self-service and security were down in the low 20% range compared to the prior-year period. Global financial self-service orders also decreased in the low 20% range. Orders in Asia Pacific decreased in the low double digits. In the Americas, financial self-service orders decreased in the high teens. Orders in Europe, Middle East and Africa (EMEA) decreased more than 40%. Security orders also decreased in the low 20% range as new bank branch construction and retail store openings remain weak in the United States.

    Profit/Loss Revenue

    Total revenue for the third quarter 2009 was down 26%, including a net negative currency impact of 2%. Nine-month year-to-date 2009 revenue was down 13%, including a net negative currency impact of 4%.

    Gross Margin

    Total gross margin for the third quarter 2009 was 23.6%, a decline of 2.6 percentage points from the third quarter of 2008. Total gross margin included restructuring charges of $1.2 million in the third quarter of 2009 and $10.7 million in the third quarter of 2008. The decrease in gross margin was due primarily to a difficult comparison to the third quarter 2008, when the company sold nearly all of its Brazilian elections equipment for the year, slightly offset by improved service gross margin. Service gross margin improvement came as a result of continued productivity gains and favorable year-over-year fuel costs.

    Nine-month year-to-date 2009 gross margin was 23.8%, a decrease of 1.6 percentage points from the same period of 2008. Total gross margin included restructuring charges of $7.0 million year-to-date 2009, and $20.2 million in the same period of 2008.

    Operating Expense

    Total operating expense as a percentage of revenue for the third quarter 2009 was 18.8%, an increase of 0.2 percentage points from the third quarter of 2008. Operating expense as a percentage of revenue was higher due to significant decreases in revenue, partially offset by ongoing cost-reduction efforts. In addition, operating expense in the third quarter 2009 included restructuring charges of $0.5 million. Operating expense in the third quarter of 2008 included $3.7 million in restructuring charges and $24.7 million in non-routine expenses.

    Total operating expense as a percentage of revenue for nine-month year-to-date 2009 was 17.6%, a decrease of 2.0 percentage points from the same period of 2008. The 2009 expenses included restructuring charges of $3.2 million and non-routine expenses of $1.3 million offset by $11.3 million in expense recovery and reimbursement from our D&O insurance carriers. In the comparable period in 2008, operating expenses included $8.7 million in restructuring charges and $41.8 million in non-routine expenses. The company also incurred an impairment charge in the first half of 2008 of $4.4 million, or $0.05 per share, related to the write down of intangible assets from the 2004 acquisition of TFE Technology.

    Operating Profit

    Operating profit was 4.8% of net sales in the third quarter 2009, a decrease of 2.8 percentage points from the third quarter 2008. Included in operating profit in both periods were restructuring charges and non-routine income/expenses. Excluding these items from both periods, non-GAAP operating profit margin* was 5.1% in the third quarter 2009 and 12.1% in the third quarter 2008.

    Nine-month year-to-date 2009 operating profit was 6.1% of revenue, an increase of 0.3 percentage points from the comparable period of 2008. Non-GAAP operating profit margin* was 6.1% in the first nine months of 2009 and 9.1% in the comparable period of 2008.

    *See accompanying notes for non-GAAP measures Income from Continuing Operations, net of tax (attributable to Diebold)

    Income from continuing operations, net of tax, was $24.5 million, or 3.8% of revenue in the third quarter 2009, a decrease of 49%, or 1.7 percentage points from the third quarter 2008. Included in the 2009 results are after-tax restructuring charges of $1.4 million. Income from continuing operations in the third quarter of 2008 included after-tax restructuring charges of $11.5 million, and after-tax, non-routine charges of $19.5 million.

    Nine-month year-to-date 2009 income from continuing operations, net of tax, was $65.2 million, or 3.3% of revenue, and $90.4 million, or 3.9% of revenue, in the comparable period of 2008. Nine-month year-to-date 2009 income from continuing operations, net of tax, includes the $25 million reserve related to the agreement in principle with the staff of the SEC, $11.3 million in expense recovery and reimbursement from the company's D&O insurance carriers, as well as after-tax restructuring charges of $7.6 million. Nine-month year-to-date 2008 income from continuing operations, net of tax, included $24.3 million in after-tax restructuring charges, and after-tax, non-routine charges of $36.8 million.

    Balance Sheet, Cash Flow and Liquidity

    The company's net debt* was $208.3 million at September 30, 2009, a reduction of $45.9 million from December 31, 2008 and a reduction of $170.0 million from September 30, 2008. The company's net debt to capital ratio was 17% at September 30, 2009, 21% at December 31, 2008, and 25% at September 30, 2008. For the first nine months of 2009, net cash provided by operating activities was $122.7 million at September 30, 2009, an increase of $60.9 million from September 30, 2008. Free cash flow* in the third quarter 2009 was $36.6 million, a decrease of $2.7 million from the third quarter 2008. For the first nine months of 2009, free cash flow* was $94.3 million, an increase of $65.1 million from the first nine months of 2008.

    *See accompanying notes for non-GAAP measures. Restructuring charges and discontinued operations

    The company incurred restructuring charges of $0.02 per share in the third quarter of 2009. The majority of these charges were related to severance costs from the previously announced reduction in the company's global workforce during 2008, and the reduction in field office and warehousing facilities. Nine-month year-to-date 2009 restructuring charges were $0.11 per share.

    As previously disclosed, in September, the company sold its U.S.-based elections systems business. Likewise the company closed its EMEA-based enterprise security operations during the fourth quarter 2008. As a result, the company recorded a third quarter 2009 loss from discontinued operations of $0.2 million net of tax and a loss on the sale of the U.S.-based elections systems business of $31.4 million (net of tax). This compares to a loss from discontinued operations of $1.1 million, net of tax, in the third quarter 2008. Losses from discontinued operations for the first nine months, net of tax were $8.8 million and $2.9 million in 2009 and 2008, respectively.

    Full-year 2009 outlook

    The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially. These statements do not include the potential impact of any future mergers, acquisitions, disposals or other business combinations.

    Expectations for continuing operations for the full year 2009 include: -- Revenue Previous Guidance Current Guidance Total revenue -13% to -7% -13% to -9% Financial self-service -8% to -2% -8% to -6% Security -19% to -11% -17% to -14% Election systems $40 million to $50 million $0 Brazilian lottery $5 million to $10 million $5 million to $7 million -- Earnings per share Previous Guidance Current Guidance 2009 EPS (GAAP) $1.34 - $1.52 $1.34 - $1.39 Restructuring charges .10 - .11 .15 - .15 Non-routine expenses .39 - .40 .39 - .39 Non-routine income (.13) - (.13) (.13) - (.13) 2009 EPS (non-GAAP*) $1.70 - $1.90 $1.75 - $1.80 *See accompanying notes for non-GAAP measures. Overview presentation and conference call

    More information on Diebold's quarterly earnings, including additional financial analysis and an earnings overview presentation, is available on Diebold's Investor Relations website. Thomas W. Swidarski and Leslie A. Pierce will discuss the company's financial performance during a conference call today at 10:00 a.m. (ET). Both the presentation and access to the call are available at http://investors.diebold.com/. The replay can also be accessed on the site for up to three months after the call.

    Revenue Summary by Product, Service and Geographic Area Revenue Summary by Product and Service Solutions (In Thousands -- Quarter Ended September 30) % YTD YTD % Q3 2009 Q3 2008 Change 9/30/2009 9/30/2008 Change ------- ------- ------ --------- --------- ------ Financial Self-Service ---------------------- Products $216,520 $324,414 -33% $722,020 $812,732 -11% Services 268,816 290,189 -7% 798,275 844,733 -5% ------- ------- --- ------- ------- --- Total Fin. self- service 485,336 614,603 -21% 1,520,295 1,657,465 -8% Security solutions ------------------ Products 61,173 78,755 -22% 177,002 227,890 -22% Services 97,201 116,395 -16% 292,081 339,868 -14% ------ ------- ---- ------- ------- ---- Total Security 158,374 195,150 -19% 469,083 567,758 -17% ------- ------- ---- ------- ------- ---- Total Fin. self- service & security 643,710 809,753 -21% 1,989,378 2,225,223 -11% Brazil election systems ----------------------- Products - 58,291 -100% - 60,916 -100% Services - 289 -100% - 505 -100% ------- ------- ----- ------- ------- ----- Total Brazil election systems - 58,580 -100% - 61,421 -100% Brazil lottery systems 1,512 756 100% 3,991 4,047 -1% -------- -------- ---- ---------- ---------- ---- Total Revenue $645,222 $869,089 -26% $1,993,369 $2,290,691 -13% -------- -------- ---- ---------- ---------- ---- Revenue Summary by Geographic Segment % YTD YTD % Q3 2009 Q3 2008 Change 9/30/2009 9/30/2008 Change ------- ------- ------ --------- --------- ------ The Americas $475,517 $625,546 -24% $1,481,257 $1,636,088 -9% Asia Pacific 98,142 123,442 -20% 280,762 316,923 -11% Europe, Middle East, Africa 71,563 120,101 -40% 231,350 337,680 -31% -------- -------- ---- ---------- ---------- ---- Total Revenue $645,222 $869,089 -26% $1,993,369 $2,290,691 -13% -------- -------- ---- ---------- ---------- ---- Notes for Non-GAAP Measures

    1. Reconciliation of diluted GAAP EPS to non-GAAP EPS from continuing operations measures:

    Q3 2009 Q3 2008 YTD 9/30/09 YTD 9/30/08 Total EPS from continuing operations (GAAP measure) $0.37 $0.72 $0.98 $1.36 Restructuring charges 0.02 0.17 0.11 0.36 Non-routine expenses -- 0.29 0.39 0.50 Non-routine income -- -- (0.12) -- Impairment -- -- -- 0.05 Total EPS (non-GAAP measure) $0.39 $1.18 $1.36 $2.27

    The company's management believes excluding restructuring charges, non-routine expenses and income and impairment charges is useful to investors because it provides an overall understanding of the company's historical financial performance and future prospects. Management believes EPS (non-GAAP) from continuing operations is an indication of the company's base-line performance before gains, losses or other charges that are considered by management to be outside the company's core operating results. Exclusion of these items permits evaluation and comparison of results for the company's core business operations, and it is on this basis that management internally assesses the company's performance.

    2. Free cash flow is calculated as follows: Q3 2009 Q3 2008 YTD 9/30/09 YTD 9/30/08 Net cash provided by operating activities (GAAP measure) $42,897 $52,194 $122,723 $61,846 Capital expenditures (6,277) (12,859) (28,414) (32,637) Free cash flow (non-GAAP measure) $36,620 $39,335 $94,309 $29,209

    The company's management believes that free cash flow is useful to investors because it is a meaningful indicator of cash generated from operating activities that is available for the execution of its business strategy, including service of debt principal, dividends, share repurchase and acquisitions. Free cash flow is not an indicator of residual cash available for discretionary spending, because it does not take into account mandatory debt service or other non-discretionary spending requirements that are deducted in the calculation of free cash flow.

    3. Net (debt) is calculated as follows: 9/30/2009 12/31/2008 9/30/2008 Cash, cash equivalents and short-term investments (GAAP measure) $385,022 $362,823 $330,251 Less Industrial development revenue bonds (11,900) (11,900) (11,900) Less Notes payable (581,458) (605,184) (696,702) Net (debt) (non-GAAP measure) $(208,336) $(254,261) $(378,351)

    The company's management believes that given the net debt, the significant cash, cash equivalents and other investments on its balance sheet, that net cash against outstanding debt is a meaningful debt calculation.

    4. Reconciliation of GAAP Operating Margin to non-GAAP measures YTD YTD Q3 2009 Q3 2008 9/30/2009 9/30/2008 GAAP Operating Profit $31,170 $66,066 $122,254 $133,220 GAAP Operating Profit % 4.8% 7.6% 6.1% 5.8% Restructuring 1,772 14,431 10,228 28,884 Non-routine Expenses - 24,665 1,328 41,839 Non-routine Income - - (11,323) - Impairment - - - 4,376 Non GAAP Operating Margin $32,942 $105,162 $122,487 $208,319 Non GAAP Operating Margin % 5.1% 12.1% 6.1% 9.1%

    The company's management believes excluding restructuring charges, non-routine expenses and income and impairment charges from operating margins is an indication of the company's baseline performance before gains, losses, or other charges that are considered by management to be outside the company's core operating results. The exclusion of these items permits evaluation and comparison of results for the company's core business operations and it is on this basis that the company's management internally assesses the company's performance.

    Forward-Looking Statements

    In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. These forward-looking statements relate to, among other things, the company's future operating performance, the company's share of new and existing markets, the company's short- and long-term revenue and earnings growth rates, and the company's implementation of cost-reduction initiatives and measures to improve pricing, including the optimization of the company's manufacturing capacity. The use of the words "will," "believes," "anticipates," "expects," "intends" and similar expressions is intended to identify forward- looking statements that have been made and may in the future be made by or on behalf of the company. Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, the economy, its knowledge of its business, and on key performance indicators that impact the company, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements. The company is not obligated to update forward-looking statements, whether as a result of new information, future events or otherwise.

    Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to:

    -- ability to reach definitive agreements with the SEC and DOJ regarding their respective investigations; -- competitive pressures, including pricing pressures and technological developments; -- changes in the company's relationships with customers, suppliers, distributors and/or partners in its business ventures; -- changes in political, economic or other factors such as currency exchange rates, inflation rates, recessionary or expansive trends, taxes and regulations and laws affecting the worldwide business in each of the company's operations, including Brazil, where a significant portion of the company's revenue is derived; -- the effects of the sub-prime mortgage crisis and the disruptions in the financial markets, including the bankruptcies, restructurings or consolidations of financial institutions, which could reduce our customer base and/or adversely affect our customers' ability to make capital expenditures, as well as adversely impact the availability and cost of credit; -- acceptance of the company's product and technology introductions in the marketplace; -- the amount of cash and non-cash charges in connection with the closure of the company's Newark, Ohio facility, and the closure of the company's EMEA-based enterprise security operations; -- unanticipated litigation, claims or assessments; -- variations in consumer demand for financial self-service technologies, products and services; -- potential security violations to the company's information technology systems; -- the investment performance of our pension plan assets, which could require us to increase our pension contributions; -- the company's ability to successfully defend challenges raised to the sale of U.S. elections business; and -- the company's ability to achieve benefits from its cost-reduction initiatives and other strategic changes. About Diebold

    Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at http://www.diebold.com/, or visit http://www.diebold.com/150 to learn more about Diebold's 150-year history.

    PR/3461 DIEBOLD, INCORPORATED CONDENSED CONSOLIDATED INCOME STATEMENTS - UNAUDITED (IN THOUSANDS EXCEPT EARNINGS PER SHARE) Three months ended Nine months ended September 30, September 30, ----------------- ------------------- 2009 2008 2009 2008 ---- ---- ---- ---- Net Sales Product $279,205 $462,216 $903,013 $1,105,585 Service 366,017 406,873 1,090,356 1,185,106 ------- ------- --------- --------- Total 645,222 869,089 1,993,369 2,290,691 Cost of goods Product 219,570 333,456 689,139 797,374 Service 273,443 307,691 830,784 912,080 ------- ------- ------- ------- Total 493,013 641,147 1,519,923 1,709,454 Gross Profit 152,209 227,942 473,446 581,237 Percent of net sales 23.6% 26.2% 23.8% 25.4% Operating expenses Selling, general and administrative 103,624 142,846 300,989 390,113 Research, development and engineering 17,415 19,030 50,203 53,528 Impairment of assets - - - 4,376 -- -- -- ----- Total 121,039 161,876 351,192 448,017 Percent of net sales 18.8% 18.6% 17.6% 19.6% Operating profit 31,170 66,066 122,254 133,220 Percent of net sales 4.8% 7.6% 6.1% 5.8% Other expense, net (1,848) (5,901) (31,950) (11,547) ------- ------- -------- -------- Income from continuing operations before taxes 29,322 60,165 90,304 121,673 Taxes on income (4,085) (10,203) (20,957) (25,931) ------- -------- -------- -------- Income from continuing operations 25,237 49,962 69,347 95,742 Loss from discontinued operations - net of tax (203) (1,098) (8,842) (2,853) Loss on sale of discontinued operations - net of tax (31,438) - (31,438) - -------- -- -------- -- Net (Loss) income (6,404) 48,864 29,067 92,889 Net Income Attributable to Noncontrolling interest (751) (2,348) (4,144) (5,364) ----- ------- ------- ------- Net (Loss) income Attributable to Diebold, Inc. $(7,155) $46,516 $24,923 $87,525 ======== ======= ======= ======= Basic weighted average shares outstanding 66,279 66,101 66,236 66,073 Diluted weighted average shares outstanding 66,951 66,758 66,810 66,459 Basic Earnings Per Share: ------------------------- Income from continuing operations $0.37 $0.72 $0.99 $1.36 Loss from discontinued operations (0.48) (0.02) (0.61) (0.04) ------ ------ ------ ------ Net (Loss) income $(0.11) $0.70 $0.38 $1.32 ======= ===== ===== ===== Diluted Earnings Per Share: --------------------------- Income from continuing operations $0.37 $0.72 $0.98 $1.36 Loss from discontinued operations (0.48) (0.02) (0.61) (0.04) ------ ------ ------ ------ Net (Loss) income $(0.11) $0.70 $0.37 $1.32 ======= ===== ===== ===== Amounts Attributable to Diebold, Inc. ------------------------------------- Income From continuing Operations - Net of Tax $24,486 $47,614 $65,203 $90,378 Discontinued Operations - Net of Tax (31,641) (1,098) (40,280) (2,853) -------- ------- -------- ------- Net (Loss) income attributable to Diebold, Inc. $(7,155) $46,516 $24,923 $87,525 ======== ======= ======= ======= DIEBOLD, INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (IN THOUSANDS) Unaudited Audited September 30, December 31, 2009 2008 ---- ---- ASSETS ------ Current assets Cash and cash equivalents $202,758 $241,436 Short-term investments 182,264 121,387 Trade receivables, net 362,649 447,079 Inventories 493,865 540,971 Other current assets 260,536 263,245 ------- ------- Total current assets 1,502,072 1,614,118 Securities and other investments 73,109 70,914 Property, plant and equipment, net 203,729 203,594 Goodwill 451,466 408,303 Other assets 293,685 241,007 ------- ------- $2,524,061 $2,537,936 ---------- ---------- LIABILITIES AND SHAREHOLDERS' EQUITY ------------------------------------ Current liabilities Notes payable $14,084 $10,596 Accounts payable 129,654 195,483 Other current liabilities 526,882 529,318 ------- ------- Total current liabilities 670,620 735,397 Long-term notes payable 567,374 594,588 Long-term liabilities 231,053 243,693 Total shareholders' equity 1,055,014 964,258 --------- ------- $2,524,061 $2,537,936 ---------- ---------- DIEBOLD, INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED (IN THOUSANDS) Nine months ended September 30, --------------------- 2009 2008 ---- ---- Cash flow from operating activities: Net income $29,067 $92,889 Adjustments to reconcile net income to cash provided by operating activities: Loss on sale of discontinued operations 31,438 - Depreciation and amortization 55,183 61,211 Impairment of asset - 4,376 Share-based compensation 7,485 9,776 deferred income taxes, & other Cash provided by (used in) changes in certain assets and liabilities: Trade receivables 88,697 (116,902) Inventories 28,538 (53,161) Accounts payable (69,793) 29,748 Certain other assets and liabilities (47,892) 33,909 ------- ------ Net cash provided by operating activities 122,723 61,846 Cash flow from investing activities: Proceeds from sale of discontinued operations 7,856 - Payments for acquisitions, net of cash acquired (5,364) (3,733) Net investment activity (26,065) (30,874) Capital expenditures (28,414) (32,637) Increase in certain other assets & other (24,146) (17,006) ------- ------- Net cash used in investing activities (76,133) (84,250) Cash flow from financing activities: Dividends paid (52,077) (49,916) Net (repayments) borrowings (32,948) 74,521 Distribution of affiliates' earnings to non-controlling interest holder & other (2,164) - ------ - Net cash (used in)/provided by financing activities (87,189) 24,605 Effect of exchange rate changes on cash 1,921 4,249 ----- ----- (Decrease)/Increase in cash and cash equivalents (38,678) 6,450 Cash and cash equivalents at the beginning of the period 241,436 206,334 ------- ------- Cash and cash equivalents at the end of the period $202,758 $212,784 ======== ========

    Photo: http://www.newscom.com/cgi-bin/prnh/20080725/DIEBOLDLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Diebold, Incorporated

    CONTACT: Media: Mike Jacobsen, +1-330-490-3796,
    michael.jacobsen@diebold.com, or Investors: Chris Bast, +1-330-490-6908,
    christopher.bast@diebold.com, both of Diebold, Incorporated

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




    INFORM-1 Results: Robust Antiviral Suppression Achieved with Combination of Nucleoside Analog Polymerase Inhibitor RG7128 and Protease Inhibitor RG7227- Significant antiviral potency in both naive and treatment-failure patients - - Promising safety and tolerability - - Phase 2 studies to begin in Q1 2010 -

    BOSTON, Nov. 3 /PRNewswire-FirstCall/ -- InterMune, Inc. and Pharmasset, Inc. today announced results from all patient cohorts of the INFORM-1 trial, an innovative Phase 1 study of two direct-acting antiviral (DAA) compounds administered without interferon or ribavirin for the treatment of patients chronically infected with the hepatitis C virus (HCV).(i) The study, conducted by Roche as part of its collaborations with InterMune and Pharmasset, combined the oral NS3 protease inhibitor RG7227 (also known as ITMN-191) and the oral nucleoside analog polymerase inhibitor RG7128.

    The results announced today focused on the recently completed final three cohorts of the INFORM-1 study, consisting of higher-dose, twice-daily regimens, presented during the Presidential Plenary Session at the 60th Annual Meeting of the American Association for the Study of the Liver (AASLD) in Boston by Edward Gane, M.D., Associate Professor, University of Auckland, and Director, Auckland Clinical Studies Limited, and Prinicipal Investigator in the INFORM-1 study. The initial four lower-dose cohorts of patients from INFORM-1 were previously reported at the European Association for the Study of the Liver (EASL) meeting in Copenhagen in April, 2009.

    INFORM-1 Results Viral Kinetic Performance of Twice-Daily Regimens

    The full dose combination of RG7128 1000mg and RG7227 900mg administered twice-daily without pegylated interferon or ribavirin, the current standard of care for HCV, for 13 days resulted in 88% of HCV-positive treatment-naive patients achieving HCV RNA below the lower limit of quantification (LLOQ; <43 IU/mL), and 63% of patients having HCV RNA below the lower limit of detection (LLOD; <15 IU/mL). The same regimen in "null responders" resulted in 50% of patients with HCV RNA below LLOQ and 25% of patients with HCV RNA below LLOD. Null responders were defined as patients with an HCV RNA reduction of <1 log10 IU/mL in 4 weeks or <2 log10 IU/mL in 12 weeks of prior treatment with pegylated interferon and ribavirin. At the twice-daily dose of 600mg of RG7227 in combination with 1000mg of RG7128 twice-daily for 13 days in treatment-experienced patients, somewhat lower viral load reduction and categorical responses were observed, an observation that will guide dosing in future studies in these patients.

    All patients receiving a twice-daily regimen experienced a continual decline in HCV RNA during the study period. Viral decline displayed a biphasic pattern with a rate of HCV RNA decline in the second phase that was similar to that observed when a single direct acting antiviral is added to pegylated interferon and ribavirin. No treatment-emergent resistance to RG7227 or RG7128 was observed in the study.

    Day 13 Viral Kinetic Results: Higher-Dose Twice-Daily Regimens HCV RNA HCV RNA Regimen

    The all-oral, interferon-free combination showed promising safety and tolerability. No treatment-related serious adverse events (SAEs), dose reductions or discontinuations were reported in any patient in INFORM-1, including previously reported lower dose cohorts. The most commonly reported adverse events (AEs) were headache, nausea and diarrhea and these had a similar incidence to previously reported lower-dose cohorts.

    Dr. Gane commented, "The results from this study of the RG7227/RG7128 combination raise hopes that we can deliver an interferon-free regimen for our patients in the future. Current HCV therapy includes up to 12 months of weekly interferon injections which can be associated with significant side effects. In addition, not all patients can take interferon due to intolerance or contraindications. We look forward to the results of additional studies with these potent compounds."

    FURTHER INFORM STUDIES - PROGRAM ADVANCING RAPIDLY

    The companies announced today that a Phase 2 program of multiple studies will be initiated by Roche in the first quarter of 2010. "INFORM-2" will investigate rapid virologic response (RVR) provided by twice-daily dosing of RG7128 and RG7227 alone, in combination with pegylated interferon alfa-2a, ribavirin, and in combination with both pegylated interferon alfa-2a and ribavirin. Longer term studies evaluating sustained virologic response (SVR) are anticipated for the first half of 2010.

    About RG7227

    RG7227 (ITMN-191) is a potent, macrocyclic inhibitor of HCV NS3/4A protease activity, and has produced multi-log10 reductions in levels of HCV in chronic HCV patients, when administered for 14 days as monotherapy and when combined with PEGASYS® (peginterferon alfa-2a) and COPEGUS® (ribavirin, USP). ITMN-191 was safe and well-tolerated in these studies.

    About RG7128

    RG7128, a cytidine nucleoside analog inhibitor of HCV RNA polymerase, is being developed for the treatment of chronic HCV infection. RG7128 has shown potent in vivo activity against all of the most common HCV genotypes (1, 2 and 3). RG7128 has been studied in combination with PEGASYS® and COPEGUS® for up to 28 days, and is currently in a Phase 2b clinical trial in combination with PEGASYS® plus COPEGUS®.

    About INFORM-1

    INFORM-1 is a randomized, double-blind, ascending-dose Phase 1b trial which enrolled a total of 86 patients. The prinicipal objectives were to evaluate safety, tolerability and antiviral activity of RG7227 and RG7128 administered in combination at increasing doses for up to 13 days. The study was conducted in centers in New Zealand and Australia and was the first to investigate the combination of two oral antiviral medicines in the absence of interferon and ribavirin.

    About InterMune

    InterMune is a biotechnology company focused on the research, development and commercialization of innovative therapies in pulmonology and hepatology. InterMune has an R&D portfolio addressing idiopathic pulmonary fibrosis (IPF) and hepatitis C virus (HCV) infections. The pulmonology portfolio includes pirfenidone for which a Phase 3 program in patients with IPF (CAPACITY) has been completed and the compound is currently in the pre-registration stage. The hepatology portfolio includes the HCV protease inhibitor ITMN-191 (referred to as RG7227 at Roche) that entered Phase 2b in August of 2009 and a second-generation HCV protease inhibitor research program. For additional information about InterMune and its R&D pipeline, please visit http://www.intermune.com/.

    About Pharmasset

    Pharmasset is a clinical-stage pharmaceutical company committed to discovering, developing, and commercializing novel drugs to treat viral infections. Pharmasset's primary focus is on the development of oral therapeutics for the treatment of hepatitis C virus (HCV) and, secondarily, on the development of Racivir(TM) for the treatment of human immunodeficiency virus (HIV). Our research and development efforts focus on nucleoside/tide analogs, a class of compounds which act as alternative substrates for the viral polymerase thus inhibiting viral replication. We currently have three clinical-stage product candidates. RG7128, a nucleoside analog for chronic HCV infections, is in a Phase 2b clinical trial in combination with PEGASYS® plus COPEGUS® and is also in INFORM studies, the first studies designed to assess the potential of combinations of small molecules without interferon and ribavirin to treat chronic HCV. These clinical studies are being conducted through a strategic collaboration with Roche. Our other clinical stage candidates are PSI-7851, an unpartnered, next generation HCV nucleotide analog which has completed two Phase 1 clinical studies and Racivir(TM), for the treatment of HIV, which has completed a Phase 2 clinical trial. We have also recently announced the nomination of two purine nucleotide analogs, PSI-938 and PSI-879, for preclinical development.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934, as amended, that reflect the companies' judgments and involve risks and uncertainties as of the date of this release, including without limitation the statements related to anticipated product development timelines. All forward-looking statements and other information included in this press release are based on information available to the companies as of the date hereof, and the companies assume no obligation to update any such forward-looking statements or information. Actual results could differ materially from those described in the forward-looking statements.

    Factors that could cause or contribute to such differences include, but are not limited to, those discussed in detail under the heading "Risk Factors" in the companies' most recent annual reports on Form 10-K filed with the SEC and in other periodic reports filed with the SEC. The risks and other factors discussed above should be considered only in connection with the fully discussed risks and other factors discussed in detail in the respective Forms 10-K and in the companies' other periodic reports filed with the SEC, all of which are available via their respective web sites at http://www.intermune.com/ and http://www.pharmasset.com/.

    All trademarks used or mentioned in this release are protected by law. About INFORM-1: http://www.clinicaltrials.gov/

    (i) "Combination Therapy with a Nucleoside Polymerase (RG7128) and Protease (RG7227/ITMN-191) Inhibitor Combination in HCV: Safety, Pharmacokinetics, and Virologic Results from INFORM-1," Abstract #193: to be presented at the Meeting of the American Association for the Study of the Liver (AASLD) in Boston, Massachusetts, October 30 - November 3, 2009

    InterMune, Inc.

    CONTACT: Jim Goff , Sr. Director, Corp. Comm. & IR of InterMune, Inc.,
    +1-415-466-2228, jgoff@intermune.com; or Richard E. T. Smith, Ph.D., VP,
    Investor Relations and Corporate Communications of Pharmasset,
    +1-609-613-4181, richard.smith@pharmasset.com

    Web Site: http://www.pharmasset.com/
    http://www.clinicaltrials.gov/
    http://www.intermune.com/




    INFORM-1 Results: Robust Antiviral Suppression Achieved with Combination of Nucleoside Analog Polymerase Inhibitor RG7128 and Protease Inhibitor RG7227- Significant antiviral potency in both naive and treatment-failure patients - - Promising Safety and Tolerability - - Phase 2 studies to begin in Q1 2010 -

    BOSTON, Nov. 3 /PRNewswire-FirstCall/ -- Pharmasset, Inc and InterMune, Inc. today announced results from all patient cohorts of the INFORM-1 trial, an innovative Phase 1 study of two direct-acting antiviral (DAA) compounds administered without interferon or ribavirin for the treatment of patients chronically infected with the hepatitis C virus (HCV).(i) The study, conducted by Roche as part of its collaborations with InterMune and Pharmasset, combined the oral NS3 protease inhibitor RG7227 (also known as ITMN-191) and the oral nucleoside analog polymerase inhibitor RG7128.

    The results announced today focused on the recently completed final three cohorts of the INFORM-1 study, consisting of higher-dose, twice-daily regimens, presented during the Presidential Plenary Session at the 60th Annual Meeting of the American Association for the Study of Liver Diseases (AASLD) in Boston by Edward Gane, M.D., Associate Professor, University of Auckland, and Director, Auckland Clinical Studies Limited, and Principal Investigator in the INFORM-1 study. The initial four lower-dose cohorts of patients from INFORM-1 were previously reported at the European Association for the Study of the Liver (EASL) meeting in Copenhagen in April, 2009.

    INFORM-1 Results Viral Kinetic Performance of Twice-Daily Regimens

    The full dose combination of RG7128 1000mg and RG7227 900mg administered twice-daily without pegylated interferon or ribavirin, the current standard of care for HCV, for 13 days resulted in 88% of HCV-positive treatment-naive patients achieving HCV RNA below the lower limit of quantification (LLOQ; <43 IU/mL), and 63% of patients having HCV RNA below the lower limit of detection (LLOD; <15 IU/mL). The same regimen in "null responders" resulted in 50% of patients with HCV RNA below LLOQ and 25% of patients with HCV RNA below LLOD. Null responders were defined as patients with an HCV RNA reduction of <1 log10 IU/mL in 4 weeks or <2 log10 IU/mL in 12 weeks of prior treatment with pegylated interferon and ribavirin. At the twice-daily dose of 600mg of RG7227 in combination with 1000mg of RG7128 twice-daily for 13 days in treatment-experienced patients, somewhat lower viral load reduction and categorical responses were observed, an observation that will guide dosing in future studies in these patients.

    All patients receiving a twice-daily regimen experienced a continual decline in HCV RNA during the study period. Viral decline displayed a biphasic pattern with a rate of HCV RNA decline in the second phase that was similar to that observed when a single direct acting antiviral is added to pegylated interferon and ribavirin. No treatment-emergent resistance to RG7227 or RG7128 was observed in the study.

    Day 13 Viral Kinetic Results: Higher-Dose Twice-Daily Regimens Patient HCV RNA Regimen N Population

    The all-oral, interferon-free combination showed promising safety and tolerability. No treatment-related serious adverse events (SAEs), dose reductions or discontinuations were reported in any patient in INFORM-1, including previously reported lower dose cohorts. The most commonly reported adverse events (AEs) were headache, nausea and diarrhea and these had a similar incidence to previously reported lower-dose cohorts.

    Dr. Gane commented, "The results from this study of the RG7227/RG7128 combination raise hopes that we can deliver an interferon-free regimen for our patients in the future. Current HCV therapy includes up to 12 months of weekly interferon injections which can be associated with significant side effects. In addition, not all patients can take interferon due to intolerance or contraindications. We look forward to the results of additional studies with these potent compounds."

    FURTHER INFORM STUDIES - PROGRAM ADVANCING RAPIDLY

    The companies announced today that a Phase 2 program of multiple studies will be initiated by Roche in the first quarter of 2010. "INFORM-2" will investigate rapid virologic response (RVR) provided by twice-daily dosing of RG7128 and RG7227 alone, in combination with pegylated interferon alfa-2a, ribavirin, and in combination with both pegylated interferon alfa-2a and ribavirin. Longer term studies evaluating sustained virologic response (SVR) are anticipated for the first half of 2010.

    About RG7227

    RG7227 (ITMN-191) is a potent, macrocyclic inhibitor of HCV NS3/4A protease activity, and has produced multi-log(10) reductions in levels of HCV in chronic HCV patients, when administered for 14 days as monotherapy and when combined with PEGASYS® (peginterferon alfa-2a) and COPEGUS® (ribavirin, USP). ITMN-191 was safe and well-tolerated in these studies.

    About RG7128

    RG7128, a cytidine nucleoside analog inhibitor of HCV RNA polymerase, is being

    developed for the treatment of chronic HCV infection. RG7128 has shown potent in vivo activity against all of the most common HCV genotypes (1, 2 and 3). RG7128 has been studied in combination with PEGASYS® and COPEGUS® for up to 28 days, and is currently in a Phase 2b clinical trial in combination with PEGASYS® plus COPEGUS®.

    About INFORM-1

    INFORM-1 is a randomized, double-blind, ascending-dose Phase 1b trial which enrolled a total of 86 patients. The principal objectives were to evaluate safety, tolerability and antiviral activity of RG7227 and RG7128 administered in combination at increasing doses for up to 13 days. The study was conducted in centers in New Zealand and Australia and was the first to investigate the combination of two oral antiviral medicines in the absence of interferon and ribavirin.

    About Pharmasset

    Pharmasset is a clinical-stage pharmaceutical company committed to discovering, developing, and commercializing novel drugs to treat viral infections. Pharmasset's primary focus is on the development of oral therapeutics for the treatment of hepatitis C virus (HCV) and, secondarily, on the development of Racivir(TM) for the treatment of human immunodeficiency virus (HIV). Our research and development efforts focus on nucleoside/tide analogs, a class of compounds which act as alternative substrates for the viral polymerase thus inhibiting viral replication. We currently have three clinical-stage product candidates. RG7128, a nucleoside analog for chronic HCV infections, is in a Phase 2b clinical trial in combination with PEGASYS® plus COPEGUS® and is also in INFORM studies, the first studies designed to assess the potential of combinations of small molecules without interferon and ribavirin to treat chronic HCV. These clinical studies are being conducted through a strategic collaboration with Roche. Our other clinical stage candidates are PSI-7851, an unpartnered, next generation HCV nucleotide analog which has completed two Phase 1 clinical studies and Racivir(TM), for the treatment of HIV, which has completed a Phase 2 clinical trial. We have also recently announced the nomination of two purine nucleotide analogs, PSI-938 and PSI-879, for preclinical development.

    About InterMune

    InterMune is a biotechnology company focused on the research, development and commercialization of innovative therapies in pulmonology and hepatology. InterMune has an R&D portfolio addressing idiopathic pulmonary fibrosis (IPF) and hepatitis C virus (HCV) infections. The pulmonology portfolio includes pirfenidone for which a Phase 3 program in patients with IPF (CAPACITY) has been completed and the compound is currently in the pre-registration stage. The hepatology portfolio includes the HCV protease inhibitor ITMN-191 (referred to as RG7227 at Roche) that entered Phase 2b in August of 2009 and a second-generation HCV protease inhibitor research program. For additional information about InterMune and its R&D pipeline, please visit http://www.intermune.com/.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934, as amended, that reflect the companies' judgments and involve risks and uncertainties as of the date of this release, including without limitation the statements related to anticipated product development timelines. All forward-looking statements and other information included in this press release are based on information available to the companies as of the date hereof, and the companies assume no obligation to update any such forward-looking statements or information. Actual results could differ materially from those described in the forward-looking statements.

    Factors that could cause or contribute to such differences include, but are not limited to, those discussed in detail under the heading "Risk Factors" in the companies' most recent annual reports on Form 10-K filed with the SEC and in other periodic reports filed with the SEC. The risks and other factors discussed above should be considered only in connection with the fully discussed risks and other factors discussed in detail in the respective Forms 10-K and in the companies' other periodic reports filed with the SEC, all of which are available via their respective web sites at http://www.intermune.com/ and http://www.pharmasset.com/.

    All trademarks used or mentioned in this release are protected by law. - About INFORM-1: http://www.clinicaltrials.gov/

    (i) "Combination Therapy with a Nucleoside Polymerase (RG7128) and Protease (RG7227/ITMN-191) Inhibitor Combination in HCV: Safety, Pharmacokinetics, and Virologic Results from INFORM-1," Abstract #193: to be presented at the Meeting of the American Association for the Study of Liver Diseases (AASLD) in Boston, Massachusetts, October 30 - November 3, 2009.

    Media contact: Richard Smith, +1-609-865-0693, rsmith@pharmasset.com

    Pharmasset, Inc.

    CONTACT: Richard Smith, +1-609-865-0693, rsmith@pharmasset.com

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




    Green Bridge Industries, Inc.'s Fundraising Division Receives First Purchase Order for ZAP(TM) Stain Remover PenSaint Francis Preparatory School To Sell ZAP(TM) Pens As Part Of ZAPFUNDZ(TM) Fundraising Event

    SARANAC, Mich., Nov. 3 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc. (Pink Sheets: GRBG) is pleased to announce that the Company's ZAPFUNDZ(TM) fundraising division has received its first purchase order for the ZAP(TM) Stain Remover Pen from Saint Francis Preparatory School of Fresh Meadows, NY. The ZAP(TM) Pens will be sold by the students in order to raise money to fund their community service immersion trips.

    St. Francis Prep is the largest private Catholic secondary school in the United States, accredited by the Middle States Association of Colleges and Secondary Schools, registered with the Board of Regents of the State of New York, and a member of the New York State Association of Independent Schools. The Prep was a recipient of the U. S. Department of Education's "Excellence in Private Education" award and recognized by U.S. News and World Report® as an Outstanding American High School. Ninety-eight percent of the graduating seniors go on to the college of their choice. There are over 25,000 proud alumni.

    Green Bridge Fundraising through ZAPFUNDZ(TM) enables community groups and organizations to improve our environment while allowing them to realize significant donations for their fundraising efforts. By selling Green Bridge products, groups and organizations will remove dangerous toxins and chemicals from millions of homes throughout the country and replace them with safe, natural and non-toxic products.

    "We are excited about using the ZAP Pen for our fundraising. It is a great product to use with students because this generation understands environmental issues and are more ecologically conscious. By using the ZAP pens we are raising necessary funds for our program and teaching the students an important lesson. In addition, eco-friendly fundraising works hand in hand with the current green initiatives at our school," stated William Vogelson, III, Campus Minister for Service Learning.

    "We are proud to be a supplier to such a prestigious preparatory school. It is exciting to see how the efforts of the St. Francis Prep students will help the community not only with the eco-conscious nature of their fundraising by providing green products, but also with the end result of their service immersion experiences," stated William White, President and CEO of Green Bridge Industries, Inc.

    For more information about ZAPFUNDZ(TM) and the fundraising program, visit: http://www.zapfundz.com/

    About Green Bridge Industries, Inc.:

    Green Bridge Industries, Inc. offers non-toxic, environmentally friendly cleaning products to fit the sanitation needs of the medical, agricultural, military, and retail markets. The Company, through its proprietary technology, has the ability to develop bio-renewable alternative cleaning products, which are superior to the synthetic products currently offered in the marketplace. The Company's products are safe for the surfaces it cleans, the environment, animals and humans. For more information on Green Bridge Industries, visit: http://www.greenbridgeindustries.com/.

    Safe Harbor Act:

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

    Contact: Green Bridge Industries, Inc. Investor Relations 407-389-5900

    Green Bridge Industries, Inc.

    CONTACT: Green Bridge Industries, Inc., Investor Relations,
    +1-407-389-5900

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




    Verenium and Syngenta Close Research Collaboration-- Portfolio of development candidates strategically divided between the companies --

    CAMBRIDGE, Mass., Nov. 3 /PRNewswire-FirstCall/ -- Verenium Corporation , a pioneer in the development of next-generation cellulosic ethanol and high-performance specialty enzymes, today announced the successful closure of previously defined programs under its joint research collaboration with Syngenta Participations AG of Switzerland. In connection with the completion of those programs, the parties have executed an agreement whereby Verenium gained additional exclusive rights to an array of proprietary biomolecules expressed microbially, as well as non-exclusive rights to the same biomolecules expressed through non-plant and non-microbial means, further bolstering its strong Specialty Enzymes product pipeline. Syngenta will retain exclusive rights to the biomolecules expressed in plants, as well as nonexclusive rights to the same biomolecules expressed through non-plant, non-microbial means.

    "We are very pleased with the success and productivity of our relationship with Syngenta," said Carlos A. Riva, President and Chief Executive Officer of Verenium. "I'd like to acknowledge the significant amount of work that has been done over the last several years, and am enthusiastic about the exciting new product candidates that have been generated for both companies as a result of this collaboration."

    As a result of this transaction, Verenium will receive license fees, including future royalties, for a commercial enzyme candidate licensed to a third party.

    In addition, Verenium obtained microbial and non-plant rights to several late-stage enzyme development candidates, including:

    -- Alpha amylases and glucoamylases for starch processing in biofuels production; -- Xylanases and beta-glucanases for use in the animal feed industry; and -- Thermostable phytases also for use in the animal feed industry. This class of enzymes is used commercially to release inorganic phosphate from plant material enhancing its nutritive value and reducing environmental phosphorus pollution.

    The animal feed industry is the second largest market for enzymes, with an estimated 7% rate of underlying growth per year.

    About Verenium

    Verenium Corporation is a leader in the development and commercialization of cellulosic ethanol, an environmentally-friendly and renewable transportation fuel, as well as high-performance specialty enzymes for applications within the biofuels, industrial, and animal health markets. The Company possesses integrated, end-to-end capabilities and cutting-edge technology in pre-treatment, novel enzyme development, fermentation and project development for next-generation biofuels. Through Vercipia, a 50-50 joint venture with BP, the Company is moving rapidly to commercialize cellulosic technology for the production of ethanol from a wide array of non-food feedstocks, including dedicated energy crops, agricultural waste, and wood products. In addition to the vast potential for biofuels, a multitude of large-scale industrial opportunities exist for the Company for products derived from the production of low-cost, biomass-derived sugars.

    Verenium's Specialty Enzyme business harnesses the power of enzymes to create a broad range of specialty products to meet high-value commercial needs. Verenium's world class R&D organization is renowned for its capabilities in the rapid screening, identification, and expression of enzymes-proteins that act as the catalysts of biochemical reactions. For more information on Verenium, visit http://www.verenium.com/.

    Forward Looking Statements

    Statements in this press release that are not strictly historical are "forward-looking" and involve a high degree of risk and uncertainty. These include, but are not limited to, statements related to the potential value and utility of the rights to biomolecules obtained through the agreement with Syngenta, potential payments Verenium may receive under license agreements assigned to it by Syngenta, and the estimated growth in the market for animal feed enzymes, as well as the Company's operations, capabilities, commercialization activities, target markets, cellulosic ethanol facilities, target markets and future financial performance, results and objectives, all of which are prospective. Such statements are only predictions, and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to the differences include, but are not limited to, risks associated with Verenium's technologies, risks associated with the costs, labor requirements and labor availability associated with Verenium's demonstration plant, risks associated with Verenium's ability to obtain additional capital to support its planned operations and financial obligations, risks associated with Verenium's dependence on patents and proprietary rights, risks associated with Verenium's protection and enforcement of its patents and proprietary rights, technological, regulatory, competitive and other risks related to development, production, and commercialization of cellulosic ethanol and other biofuels and the commercial prospects of those industries, Verenium's dependence on existing collaboration, manufacturing, and/or license agreements, and its ability to achieve milestones under existing and future collaboration agreements, the ability of Verenium and its partners to commercialize its technologies and products (including by obtaining any required regulatory approvals) using Verenium's technologies and timing for launching any commercial products and projects, the ability of Verenium and its collaborators to market and sell any products that it or they commercialize, the development or availability of competitive products or technologies, the future ability of Verenium to enter into and/or maintain collaboration and joint venture agreements and licenses, changes in the U.S. or global energy markets and laws and regulations applicable to them, and risks and other uncertainties more fully described in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's annual report on Form 10-K for the year ended December 31, 2008 and any updates contained in its subsequently filed quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof, and the Company expressly disclaims any intent or obligation to update these forward-looking statements.

    Contacts: Kelly Lindenboom Sarah Carmody Vice President, Sr. Corporate Communications Associate Corporate Communications 617-674-5357 617-674-5335 sarah.carmody@verenium.com kelly.lindenboom@verenium.com

    Verenium Corporation

    CONTACT: Kelly Lindenboom, Vice President, Corporate Communications,
    +1-617-674-5335, kelly.lindenboom@verenium.com, Sarah Carmody, Sr. Corporate
    Communications Associate, +1-617-674-5357, sarah.carmody@verenium.com, both of
    Verenium Corporation

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




    Dapco improves safety for railroads, pipelines and other critical infrastructure with TI's new six-core DSPProcessing power, real-time speed of TI's TMS320C6472 DSP allow Dapco's non-destructive testing equipment to identify more defects inside metal and other materials

    DALLAS and RIDGEFIELD, Conn., Nov. 3 /PRNewswire/ -- Dapco Industries, Inc. is using Texas Instruments Incorporated's (TI) new TMS320C6472 digital signal processor (DSP) to improve the ability of Dapco's non-destructive testing (NDT) equipment to peer inside railroad rails, high-speed train wheels, high pressure gas cylinders, and other critical transportation, power generation, and infrastructure components to pinpoint internal defects before structural failures cause safety risks to life and property. Dapco will deliver the first commercial version of its C6472-based ultrasonic testing instrumentation to the Union Pacific Railroad next month. Processing power up to 4.2 GHz, faster real-time processing speeds and the industry's lowest power consumption were critical features imperative in Dapco's decision to deploy the six-core C6472 DSP at the heart of their test equipment.

    "Our next-generation test and inspection instruments will have significantly greater precision and be capable of 3D imaging, similar to that of medical ultrasonic imaging; things that just were not possible with legacy equipment," said Ron Keenan instrumentation development leader at Dapco. "Internal defects in the structures and components we are dealing with are simply dangerous. Because of the capabilities of the C6472, our defect detection capability will increase in speed and accuracy. Technicians in the field, inspecting rail or high-pressure gas cylinders, and in factories where pipe and other product is being manufactured, will be able to locate and classify defects that were previously considered undetectable. By accelerating the speed and accuracy of these tests, we will lower the cost of the inspection process and make it more effective."

    Dapco is implementing the C6472 in a new system architecture designed to detect the smallest defects quickly and allow technicians to examine their characteristics much more closely than they could in the past. Moreover, the system will have the intelligence to dynamically and automatically categorize defects, reducing the risk of human operator error. TI DSPs are also used by other companies for imaging and diagnostic systems as well as other high-performance imaging applications.

    High-Speed Architecture

    Dapco's next-generation NDT systems have been designed for "real-time" digital processing of received acoustic signals within a 100 micro-second (us) test cycle time. That is, every 100 us, the C6472-based system pulses acoustic energy into the test piece, and monitors the test piece for any returned acoustic energy. The system digitizes and analyzes the received acoustic signals for rendering of detailed 3D images of any internal anomalies, or for application to real-time pattern recognition algorithms.

    The high-speed peripherals included with the C6472 were also critical to Dapco's selection of the device. In particular, Dapco is using the C6472's Serial RapidIO (SRIO) ports to achieve transfer rates of five gigabits per second (Gbps) between the system's pre-processor FPGAs and the C6472 DSP cores. The C6472's high-speed Gigabit Ethernet interface as well as its Double Data Rate 2 (DDR2) memory interface are also deployed in Dapco's next-generation systems.

    Low Power

    The C6472's industry-leading power consumption efficiency was another important consideration for Dapco. Future generations of Dapco's NDT inspection and test systems will be battery-operated. As a result, deploying the lowest power components in the next generation of their systems was an important step in this direction.

    "We always try to design our systems with a 'green' mindset," said Keenan. "We will be designing low-power features into our next-generation systems so that partitions of the system can be powered down when they're not in use. That will reduce overall power consumption. And, of course, the low power consumption of the C6472 was a very big plus in this regard."

    Pricing and availability

    The TMS320C6472 is available starting at USD $140 in quantities of 1K units. To help speed development, developers can take advantage of the low cost high performance evaluation module TMDXEVM6472 for USD $349.

    Find out more about TI's C6472 DSP by visiting the links below: -- C6472 Overview Page: http://www.ti.com/c6472-pr-customer-wn -- C6472 EVM Folder: http://www.ti.com/c6472-pr-customer-evm -- Related White Paper: http://www.ti.com/c6472-pr-customer-wp -- C6472 Overview Video: http://www.ti.com/c6472-pr-customer-v -- Follow TI on Twitter: http://bit.ly/REsI6 About Texas Instruments

    Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through design, sales and manufacturing operations in more than 30 countries. For more information, go to http://www.ti.com/.

    Trademarks

    TMS320C64x and C64x+ are trademarks of Texas Instruments. All other trademarks and registered trademarks belong to their respective owners.

    About Dapco Industries

    Dapco Industries (http://www.dapcondt.com/) specializes in the design and manufacturing of nondestructive testing instrumentation, ultrasonic transducers and wheel probes, and customized turnkey ultrasonic inspection systems used for high throughput, real-time inspection of products for factory/mill in-line and off-line applications. Dapco is a global leader in the development and design of ultrasonic rail inspection vehicles.

    Dapco Industries is part of Nordco, Inc. The Nordco family of companies offer an extensive selection of products and services that help the railroad industry keep its trains running safely, efficiently and on time. The family of companies consists of Nordco Inc.; J.E.R. Overhaul; Shuttlewagon; Dapco Industries; and Nordco Rail Service. Nordco is headquartered in Oak Creek, Wisconsin, with operations in Oshawa, Ontario, Canada; Arcola, Illinois; Grandview, Missouri; Ridgefield, Connecticut; and Lee's Summit, Missouri. For more information, go to http://www.dapcondt.com/.

    Photo: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO
    http://photoarchive.ap.org/
    PRN Photo Desk photodesk@prnewswire.com Texas Instruments Incorporated

    CONTACT: Cindy Warschauer of Texas Instruments, +1-214-567-2463,
    chuff@ti.com; or Alex Tan of GolinHarris, +1-972-341-2533,
    atan@golinharris.com, for Texas Instruments; or Bob Coakley of Dapco,
    +1-203-438-9696, ext. 218, bcoakley@dapcondt.com, (Please do not publish these
    numbers or e-mail addresses.)

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




    Braskem Announces EBITDA of R$ 838 Million in 3Q09

    SAO PAULO, Nov. 3 /PRNewswire-FirstCall/ -- BRASKEM S.A. (BOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the leading company in the thermoplastic resins industry in Latin America and third-largest resin producer in the Americas, announces today its results for the third quarter of 2009 (3Q09).

    HIGHLIGHTS OF THE PERIOD:

    -- Domestic resins sales volume grew 10% in the quarter, led by PP and PVC, which posted growth of 15% and 17%, respectively. The company also registered a record high for PP sales in a single quarter, with domestic sales volume of 202 kton.

    -- Net revenue in U.S. dollar up 22% to US$ 2.2 billion, reflecting the continued strong performance of the domestic market, driven by a recovery in prices for both resins and basic petrochemicals. For the same reasons, EBITDA was R$838 million, with EBITDA margin of 20.7% in the quarter.

    -- Braskem operates its crackers at full capacity in the quarter with an average utilization rate of 97%. In 3Q09, the Company once again registered record ethylene production at the crackers located in the Camacari Complex, in the state of Bahia.

    -- Fixed costs reduction reached R$ 98 million in General & Administrative expenses for 9M09, 19% lower when compared to 9M08.

    -- The spin-off of QuantiQ's polymer unit on September 1, 2009 resulted in the creation of Varient, Braskem's new resin distributor, which will create more value for clients and to the business by focusing and specializing in thermoplastic resin sales.

    -- Braskem is currently negotiating contracts for approximately 60% of the ethanol needed to supply its ETBE and green ethylene (Green PE) plants.

    The full earnings release is available on the Company's IR website: http://www.braskem.com.br/ir

    Braskem will host conference calls to discuss 3Q09 results TOMORROW, November 4, 2009, at 9:00 a.m. ET in English and 7:00 a.m. ET in Portuguese. See connecting details on the Company's IR website at http://www.braskem.com.br/ir

    For further information, please contact Braskem's Investor Relations Area:

    Luciana Paulo Ferreira, (+55 11) 3576-9178, luciana.ferreira@braskem.com.br

    Roberta Pimphari Varella, (+55 11) 3576-9266, roberta.varella@braskem.com.br

    Cintia Watai, (+55 11) 3576-9615, cintia.watai@braskem.com.br

    Marina Dalben, (+55 11) 3576-9716, marina.dalben@braskem.com.br

    Braskem S.A.

    CONTACT: Luciana Paulo Ferreira, +011-55-11-3576-9178,
    luciana.ferreira@braskem.com.br, or Roberta Pimphari Varella,
    +011-55-11-3576-9266, roberta.varella@braskem.com.br, or Cintia Watai,
    +011-55-11-3576-9615, cintia.watai@braskem.com.br, or Marina Dalben,
    +011-55-11-3576-9716, marina.dalben@braskem.com.br, all of Braskem Investor
    Relations




    Redknee Named 2009 Internet Telephony BSS/OSS Excellence Award WinnerONE CALL RESOLUTION HONORED AS EXCEPTIONAL CUSTOMER CARE SOLUTION

    TORONTO, Nov. 3 /PRNewswire-FirstCall/ -- Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, today announced that Technology Marketing Corporation (TMC) has named its customer care solution, One Call Resolution, a recipient of the 2009 INTERNET TELEPHONY BSS/OSS Excellence Award presented by INTERNET TELEPHONY magazine.

    One Call Resolution enables customer service representatives and tactical network support technicians to resolve complex network problems quickly and efficiently. The solution increases the 'first call resolution' of subscriber complaints and reduces call handling times by giving support representatives an aggregated view of subscriber services. It also allows operators to streamline and unify their customer care processes with quick and easy ties into existing ticketing and care systems, helping to increase customer satisfaction.

    Bohdan Zabawskyj, Chief Technology Officer at Redknee, said:

    "Redknee is honored to be included among this year's Internet Telephony BSS/OSS Excellence Award winners. As more service providers around the globe take steps to further prioritize customer care, One Call Resolution emerges as a key tool that enables them to keep customer service levels high and operations efficient, while reducing costs. With today's increasing complexity of network and service technologies and devices, Redknee's One Call Resolution provides value by helping to speed up the resolution of issues, ensuring that the subscriber's experience with both customer care representatives and their end-services are optimized."

    Commenting on Redknee's award win, Internet Telephony's Editorial Director Erik Linask stated:

    "The editors of INTERNET TELEPHONY were pleased to name Redknee a BSS/OSS Excellence Award winner for their achievements in creating exceptional systems for supporting internal network operations or customer support solutions. One Call Resolution has proven its outstanding contribution to delivering winning solutions for its customers."

    TMC Chief Executive Officer Rich Tehrani commented further:

    "For recognition of their contributions to the growth and innovation displayed in the market, we are very pleased to present Redknee with a 2009 INTERNET TELEPHONY BSS/OSS Excellence Award. One Call Resolution has made an incredible contribution to BSS and OSS and has delivered great solutions for its clients."

    The 2009 INTERNET TELEPHONY Excellence Award winners are published in the November 2009 issue of INTERNET TELEPHONY magazine, http://www.itmag.com/.

    For more information about Redknee and its award winning solutions, visit them at AfricaCom November 11-12 in Capetown, South Africa, or on their website at http://www.redknee.com/.

    About Redknee:

    Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetize the value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 70 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information, visit http://www.redknee.com/.

    About INTERNET TELEPHONY magazine:

    INTERNET TELEPHONY has been the IP Communications Authority since 1998(TM). Beginning with the first issue in February of 1998, INTERNET TELEPHONY magazine has been providing unbiased views of the complicated converged communications space. INTERNET TELEPHONY offers rich content from solutions-focused editorial content to reviews on products and services from TMC Labs. INTERNET TELEPHONY magazine reaches more than 225,000 readers, including pass-along readers. For more information, please visit http://www.itmag.com/.

    About TMC:

    Technology Marketing Corporation (TMC) is a global integrated media company, helping our clients build communities in print, in person and online. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. For more information about TMC, visit http://tmcnet.com/.

    Redknee Solutions Inc.

    CONTACT: Media Relations Contact: Ashleigh Young, Mi liberty, +44 (0)20
    7751 4444, ayoung@miliberty.com; Mark Yaphe, Vice President, Product
    Management & Marketing, (905) 625-2298, mark.yaphe@redknee.com; TMC Contact:
    Jan Pierret, (203) 852-6800, ext. 228, jpierret@tmcnet.com; Redknee Solutions:
    David Charron, Chief Financial Officer, (905) 625-2943; Investor Relations:
    Isabel Fernandes-Cunha, (905) 625-2421, isabel.fernandes@redknee,com or
    investor_relations@redknee.com




    MAX returns values to 1.5 grams per tonne (1.5 ppm) Au in soils at East Manhattan Wash, Nevada; gold mineralized area significantly expanded and open in three directionsTSX-V Symbol: MXR OTC BB Symbol: MXROF Frankfurt: M1D

    VANCOUVER, Nov. 3 /PRNewswire-FirstCall/ -- MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received assay results from additional soil sampling completed at the East Manhattan Wash gold project in Nevada. The sampling was designed to further delineate the geometry of the native gold mineralization in the two main areas of interest, the "Gold Pit" and the "Old Drill Hole Grid", which sampling now indicates are joined. A total of 138 samples were taken, with significant values ranging from 0.05 ppm to 1.5 ppm gold. The total mineralized zone now encompasses an area 5,500 by 1,500 feet in size while still remaining open to the north, east, and west.

    MAX staff also sampled historic prospector pits to the southeast of the of the Old Drill Hole Grid and returned high gold values (0.96 g/t) from soils around the pits that indicate that the mineralized zone continues and may be linked to another mineralized zone sampled by MAX further south. MAX intends to fill in this zone through future soil sampling programs.

    The Gold Pit and the Old Drill Hole Grid were located in a volcanic rhyolite lithic tuff hosting coarse gold. These areas were sampled in early 2009. This recent work has filled in the areas between the two mineralized systems. These sample holes ranged from 12 inches to 48 inches in depth. Each hole location was identified with a 16 inch wooden stake labeled with an aluminum tag and backfilled to minimize disturbance. This technique was used to look at a small representative area and obtain any coarse gold trapped in the bedrock fractures.

    Examination of the mineralized samples from the Gold Pit and Old Drill Hole Grid superimposed on air photo images has enabled Max to identify structural features and, coupled with argillic alteration seen in the sample pits, has helped to define where significant gold values may be found.

    A large sample data base (1,107 samples) containing values of up to 3.3 ppm Au in rocks and up to 1.0 ppm Au in soils was recently acquired by MAX. These samples, along with MAX's latest results, have been added to our sampling data base and new maps are being created to better define the anomaly for further work, which will include trenching and large bulk samples prior to drilling during 2010. The first of these maps is now available on our web site at http://www.maxresource.com/.

    Clancy Wendt, VP Exploration of MAX, states "With these latest sample results, and the additional data we have acquired, we have now defined a significant area of gold mineralization that contains potential for a large mineralized system. More important is the fact that the mineralization appears to be free gold within the volcanic tuff. A large sample is being taken where the highest grade sample was found to define how deep the mineralization extends and to see if it increases in grade."

    QA/QC (Quality Control and Quality Assurance): The soil samples were analyzed by ALS Laboratory Group (Chemex) in Reno, Nevada. Samples from two of the sample grids taken in the coarse gold area (as seen in the previous bulk sample) were run for gold and silver using a one kilogram split with following cyanide leach to minimize the potential to miss the coarse gold. The other grid (different mineralization style) samples were fire assayed in addition to an ICP (Inductively Coupled Plasma) suite of 41 elements. All sample bags were labeled at the site with a sample specific number, logged on a sample card with sample card tag put in each sample bag and taken directly from the field to ALS Labs. In addition, each site was located using a GPS in UTM with NAD 27.

    This news release has been reviewed by Mr. Clancy J. Wendt, P. Geo, a "qualified person" as that term is defined under National Instrument 43-101.

    About East Manhattan Wash -------------------------

    The East Manhattan Wash ("EMW") property is comprised of 133 claims (2,660 acres) located 40 miles north of the town of Tonopah in the Manhattan Mining District of Nevada and is the subject of an option agreement whereby MAX can earn a 100% interest, subject to a 3% NSR royalty. For more information on East Manhattan Wash, please visit our web site at http://www.maxresource.com/. There are no historic reports on the project available to MAX.

    More than 1,000,000 ounces of gold have been mined in the Manhattan Mining District. Production has included the nearby Manhattan mine (1974-1990), an open-pit operation that produced 236,000 ounces of gold at an average grade of 0.08 ounce per ton ("opt"). The Echo Bay East and West Pit deposits operated in the early 1990s, producing 260,000 ounces at an average grade of 0.06 opt. The Round Mountain Mine (Kinross/Barrick), situated eight miles north of EMW, is a conventional open pit operation that has produced more than 14 million ounces of gold to date.

    About MAX Resource Corp. ------------------------

    MAX Resource Corp. is a Canadian based exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. Our properties include Gold in Alaska, Nevada and British Columbia, Uranium projects in the south western U.S. and northern Canada, and Molybdenum in Alaska and Nevada. For more information, please visit our web site at http://www.maxresource.com/.

    On behalf of the Board of Directors of MAX Resource Corp. "STUART ROGERS" Stuart Rogers President

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    This News Release includes certain "forward looking statements". Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause MAX's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

    MAX Resource Corp.

    CONTACT: Leonard MacMillan, Corporate Communication, Telephone: (866)
    331-5088 or (604) 637-2140, info@maxresource.com, http://www.maxresource.com/




    RMD Entertainment (RMDM) Innotrek's Road Monitoring System Accepted by the Chinese AuthoritiesNew Technology Developed By Innotrek installed for a trial period on two highways to help and track many hit-and-run cases

    BEIJING, Nov. 3 /PRNewswire-FirstCall/ -- RMD Entertainment Group's (RMDM; http://www.rmdmgroup.com/) subsidiary Innotrek's road monitoring system gains notice from the Chinese authorities and gratefulness of public.

    Researched and developed by the Innotrek, the Yingnuo HD Checkpoint highway system creates clear images of all vehicles, and takes a clear picture of the driver even at high speeds. The system also records real-time road conditions. Six sets of the system had been installed for a trial period on two highways to help and track many hit-and-run cases, a common and often unsolved occurrence on Chinese roads.

    The newly developed system gave authorities the opportunity to solve more hit-and-run cases than ever before on these highways. The success of this trial opens new possibilities for the Innotrek's new technology. There are no promises of future cooperation yet, but the Yingnuo HD Checkpoint road monitoring system left a lasting impression on the Chinese authorities.

    Any future tests and developments regarding Innotrek's impressive Yingnuo HD Checkpoint system will be announced on Pink Sheets.

    In other company news, RMDM will shortly be posing its financial statements (all arrears overdue and its Q3) on or before the final due date of November 15th in concert with its USA alcohol beverage enhancement targeted merger. Mr. Wynn Wang CEO of RMDM said "We are delighted to be able to resume operations within RMDM and special thanks to Mr. Garr Winters our Secretary who has made the USA deal possible for us. Mr. Winters will resign shortly as our Secretary with a new replacement to be announced shortly".

    RMD Entertainment Group (RMDM) focuses on the leisure and gaming industry and operates two core businesses TiDi Gaming and Innotrek Technology. RMDM's Innotrek Technology focuses on research and development of advanced broadband technology. Holding a number of patents, all Innotrek technology meets ISO 9000 requirements and high technological standards.

    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 RMD Entertainment Group 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. RMD Entertainment Group Inc. cautions you that any forward-looking information provided by or on behalf of RMD Entertainment Group 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. RMD Entertainment Group 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 RMD Entertainment Group Inc.'s control. In addition to those discussed in RMD Entertainment Group Inc.'s press releases, public filings, and statements by RMD Entertainment Group Inc.'s management, including, but not limited to, RMD Entertainment Group Inc.'s estimate of the sufficiency of its existing capital resources, RMD Entertainment Group Inc.'s ability to raise additional capital to fund future operations, RMD Entertainment Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match RMD Entertainment Group 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. RMD Entertainment Group 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/

    RMD Entertainment Group

    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/




    Western Coal to host sell-side analyst meetings

    VANCOUVER, Nov. 3 /PRNewswire-FirstCall/ -- Western Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) announces today that it will be hosting sell-side analyst meetings and tours at its northern BC operations (Wolverine, Brule and Willow Creek) on November 3 and 4, 2009. Presentations to be made at the meetings are available at: http://www.westerncoal.com/investors/financial_information/

    About Western

    Western is a producer of high quality metallurgical and thermal coal from mines located in northeast British Columbia (Canada) and West Virginia (USA). The mines have the capacity to produce 7 million tonnes per year and have over 20 years of coal reserves. Western also owns a 50.6% interest Energybuild (EBG: AIM) which produces high quality anthracite and thermal coals in South Wales (UK). Other interests owned include a 45% interest in Xtract Energy (XTR: AIM), 20% interest in NEMI Northern Energy & Mining (NNE.A: TSX). The Company is headquartered in Vancouver, BC, Canada, and trades on the AIM and TSX stock exchanges under the symbol "WTN". More information can be found at http://www.westerncoal.com/

    Western Coal Corp.

    CONTACT: David Jan, Director, Investor Relations, (604) 608-2692,
    David.Jan@westerncoal.com




    LSI 6Gb/s SAS MegaRAID Products Enable New Levels of RAID Performance for IBM System x ServersNext-generation IBM ServeRAID controllers powered by LSI 6Gb/s SAS technology achieve greater throughput for mission-critical applications

    MILPITAS, Calif., Nov. 3 /PRNewswire-FirstCall/ -- LSI Corporation today announced its 6Gb/s SAS MegaRAID® products are shipping on two new IBM System x servers, enabling new levels of server storage performance, reliability and scalability. The IBM rack-mount servers, with integrated LSI 6Gb/s SAS technology, provide end customers with cost-effective solutions for Web serving, e-business, collaboration, distributed database, SAP deployments and virtualization.

    The LSI(TM) 6Gb/s SAS MegaRAID products demonstrated a 190 percent throughput improvement for RAID 5 writes and a 240 percent throughput improvement for RAID 6 writes compared to products based on 3Gb/s SAS technology, translating to significant system performance gains.

    "Our collaboration with LSI allows us to deliver robust, first-to-market storage solutions that improve performance, IT efficiency and data protection for our customers," said Bob Galush, vice president, IBM Systems & Technology Group. "IBM selected LSI as our 6Gb RAID supplier based on their market segment leadership."

    The LSISAS2108 6Gb/s SAS RAID-on-Chip (ROC) and MegaRAID software are integrated into IBM ServeRAID(TM) controllers found in IBM Systems x3650 M2 and x3550 model servers. The ServeRAID controllers, which are designed for inside-the-box connectivity, feature eight internal 6Gb/s SAS ports and support both SAS and SATA hard disk drives. An additional level of data security is available by using LSI SafeStore(TM) encryption services with self-encrypting drives (SED).

    The ServeRAID controllers provide high-performance RAID 6 support to protect against data loss in the event of dual-drive failures. The controllers also feature LSI MegaRAID Storage Manager(TM) software, for quick and easy access to disk encryption and RAID setup and management, as well as an intelligent battery backup unit that provides extremely accurate battery capacity monitoring.

    "LSI has collaborated with IBM to provide market-leading storage technologies and software management solutions," said Kelly Bryant, DAS RAID business line director, Engenio Storage Group, LSI. "LSI SAS and MegaRAID technology provide the performance, scalability and data protection that IBM System x Server customers require to achieve the best return on their IT investments."

    Since the inception of SAS, LSI has delivered an industry-leading portfolio of products including controller ICs, expanders, host bus and MegaRAID adapters, RAID-on-Motherboard (ROMB) solutions and storage systems. Based on a 25-year track record of hardware and firmware expertise and extensive validation processes, LSI is the silicon-to-systems supplier of choice for OEMs that want to deliver a broad set of storage solutions.

    About LSI

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

    Editor's Notes: 1. All LSI news releases (financial, acquisitions, manufacturing, products, technology, etc.) are issued exclusively by PR Newswire and are immediately thereafter posted on the company's external web site, http://www.lsi.com/. 2. LSI, the LSI & Design logo, MegaRAID, SafeStore and Storage Manager are trademarks or registered trademarks of LSI Corporation. 3. IBM and System x are trademarks or registered trademarks of International Business Machines Corporation in the United States or other countries or both. All other brands or product names may be trademarks or registered trademarks of their respective companies.

    LSI Corporation

    CONTACT: Brian Garabedian of LSI Media Relations, +1-408-433-8253,
    brian.garabedian@lsi.com; or Jay Russo of LVA Communications, +1-860-739-5598,
    jay@lva.com

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




    Marvell and E Ink Join Forces to Deliver a Radical New Generation of Faster, Lower Power Ultra Thin eReaders for Mass MarketsConsumer Breakthrough: Marvell Gets to Market First with a Total Solution for Innovative New eReaders at a Variety of Anticipated Price Points

    SANTA CLARA, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Marvell , a world leader in storage, communications, and consumer silicon solutions, today announced its collaboration with E Ink, the supplier of electronic paper display (EPD) technologies for most of the world's eReaders. The two companies have begun to ship a highly integrated eReader processor available in complete turnkey platforms aimed at the fast-growing eReader market. These new platforms are expected to accelerate the rapid release of new forms of eReaders at a variety of price points.

    (Photo: http://www.newscom.com/cgi-bin/prnh/20091103/SF04078-a) (Photo: http://www.newscom.com/cgi-bin/prnh/20091103/SF04078-b) (Logo: http://www.newscom.com/cgi-bin/prnh/20070411/SFW034LOGO)

    "With this announcement, Marvell raises the technology bar and takes the lead in the eReader market," said Ms. Weili Dai, Marvell's Co-founder and Vice President and General Manager of the Company's Consumer and Computing Business Unit at Marvell Semiconductor, Inc. "Because this is a total platform solution -- including Marvell key technologies such as Wi-Fi, Bluetooth, 3G modem, and power management -- the ARMADA eReader has the potential to deliver the first mass market product accessible and affordable to billions of consumers around the world. Marvell's passion is to give consumers more choice, improved features, and greater access to more information with eReaders that are aimed at education, health, and business applications."

    As one of the fastest growing consumer markets, eReaders continue to grow in popularity due to falling retail prices, improved features, and fast growing library of digital content. According to a recent iSuppli Research report, eReaders are projected to top 18 million units shipped in 2012, from 1.1 million units last year.(1)

    "Our collaboration with Marvell will deliver an integrated System-on-a-Chip (SoC) solution to the market," said Sriram Peruvemba, Vice President of Marketing at E Ink. "This SoC solution is aimed at offering highly desired features at competitive price points."

    Marvell and E Ink have been working together and co-developing products for the ePaper market. The recently signed agreement between E Ink and Marvell includes joint development and cross licensing of next generation ePaper timing controllers and system platforms, which the companies anticipate will result in higher integration and lower cost solutions for eReader manufacturers.

    Central to this new eReader platform is the world's first commercially available SoC that integrates a high performance processor and state of the art EPD controller on a single chip -- the Marvell® ARMADA(TM) 166E application processor. The ARMADA 166E is designed to offer users ultra fast renderings of high resolution PDF documents and support for the latest ePaper technologies in new smaller, slimmer form factors with lower system cost than the competition. The ARMADA 166E also brings to eReaders new features that save power and extend battery life including a unique hibernation mode, or zero power mode.

    The two companies have also joined forces with FirstPaper, LLC, to integrate unique technology into the ARMADA 166E. This joint innovation enables a range of display sizes and resolutions, including support for larger screens that will deliver layouts, graphics, and content choices that people normally associate with periodicals, larger-format books, and documents.

    "Periodicals are the next big frontier in eReading," said Gil Fuchsberg, President of FirstPaper, which will bring a new eReading ecosystem to market in 2010. "To enable great newspaper and magazine reading experiences, eReading devices need the right tools to make richer layouts and complex content come to life. We're excited to be working with Marvell to bring such tools to the market." Device manufacturers will be able to take full advantage of FirstPaper's integrated content and commerce platform with the ARMADA 166E.

    Customer Support

    Customers have sampled and integrated the Marvell ARMADA and E Ink based eReader platforms into their end solutions -- consumer ready eReaders are expected to be available to end-users in 2010.

    "The enTourage eDGe(TM) is the industry's first dualbook, combining an E Ink reader with a netbook, notepad and audio/video player and recorder into one central device," said Asghar Mostafa, President and CEO of enTourage Systems. "The ARMADA 166E gives the enTourage eDGe the power it needs to meet people's multiple, yet simultaneous digital needs, at an attractive price point within reach of all consumers."

    "Marvell's support was a key enabler in Plastic Logic's development of a high performance eReader to meet the needs of business professionals," said Frank Canova, VP Product Engineering for Plastic Logic. "Plastic Logic plans to unveil the category's first proReader on January 7 at the 2010 Consumer Electronics Show."

    "During our development of the Alex Reader -- a dual screen eReader that incorporates both E Ink for high contrast eReading, and color LCD screen for multimedia playback and enhanced web browsing, Marvell was the clear choice," noted Albert Teng, Founder and CTO at Spring Design. "We needed a processor that could run Android while delivering outstanding multimedia performance."

    About ARMADA

    The Marvell ARMADA family of application processors is the first to offer customized silicon solutions for market segments ranging from smartphones to consumer, embedded, and smartbook devices combined with fully optimized support of industry standard operating systems and software frameworks such as Google Android, Microsoft Windows Embedded, Microsoft Windows Mobile, Adobe Flash, Ubuntu and Maemo while offering OEMs a high level of software re-use in order to enable them to focus on product differentiation at the application and user interface levels.

    About E Ink

    E Ink Corporation is the world's leading supplier of electronic paper display (EPD) technologies. E Ink's technology is ideal for many consumer and industrial applications spanning handheld devices, eBooks, eNewspapers, PC-accessories, public information displays and promotional signs. E Ink is a private corporation that includes among its investors and strategic partners Air Products and Chemicals, ChiLin Technology, Epson, Hearst Corp, Intel Capital, LG Display, Motorola, Philips, Prime View International, Toppan Printing Co and Wacom. E Ink's customers include Amazon, Casio, Citizen, Hanwang, Hitachi, iRex, Lexar, Plastic Logic, Samsung and Sony. Recently, E Ink has signed an agreement to merge with Prime View International (8069: TWO) with the intent to close the merger by December 2009. E Ink news can be found at: http://www.eink.com/.

    About Marvell

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

    Marvell and the Marvell logo are registered trademarks of Marvell or its affiliates. Armada is a trademark of Marvell or its affiliates. Other names and brands may be claimed as the property of others

    (1) iSuppli, Applied Market Intelligence Report, H1 2008 Small / Medium Displays topical report - Emerging Applications, "Electronic Books Drive New Applications for Displays"

    For Further Information Contact: Marvell Media Relations Marvell Media Relations Diane Vanasse Tate Tran Tel: (408) 332-3137 Tel: (408) 222-7522 dvanasse@marvell.com tate@marvell.com

    Photo: http://www.newscom.com/cgi-bin/prnh/20091103/SF04078-b
    http://www.newscom.com/cgi-bin/prnh/20070411/SFW034LOGO
    http://www.newscom.com/cgi-bin/prnh/20091103/SF04078-a
    AP PhotoExpress Network: PRN4,5 Marvell

    CONTACT: Diane Vanasse, +1-408-332-3137, dvanasse@marvell.com, or Tate
    Tran, +1-408-222-7522, tate@marvell.com, both of Marvell Media Relations

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




    Blount Announces 2009 Third Quarter Results- Third quarter sales increased by 14% to $130.4 million from the second quarter of 2009 - Outdoor Products segment operating income contribution margin improved to 20.1% in the third quarter compared to 13.8% in the first half of 2009 - Diluted EPS of $0.23 per share in the third quarter - Quarter-end sales order backlog stable at $81.7 million

    PORTLAND, Ore., Nov. 3 /PRNewswire-FirstCall/ -- Blount International, Inc. ("Blount" or the "Company") today announced third quarter net income of $11.3 million, or $0.23 per diluted share, on sales of $130.4 million.

    The Company's third quarter sales represent an improvement from the levels experienced in the first half of this year. Although third quarter sales were 25.5% less than one year ago, the third quarter of 2008 was a record period, and 2009 has been subject to the global recession. Operating income in this year's third quarter was $20.8 million, a significant improvement from the $19.5 million recorded over the first six months of this year. Compared to last year's third quarter, operating income declined by 31%, which was primarily the result of lower sales volumes. Despite the lower sales volume, the Company achieved an improved gross profit margin of 34.4% compared to 32.3% in last year's third quarter.

    Third quarter net income was $11.3 million ($0.23 per diluted share) compared to $14.8 million ($0.31 per diluted share) in last year's third quarter. The lower net income reflects the impact of lower operating income, partially offset by lower net interest expense and lower income tax expense. As of September 30, 2009, debt outstanding was $310.2 million, compared to $332.1 million at the end of last year's third quarter. The Company had $58.1 million in cash on hand at the end of the third quarter, up from $53.6 million in the same period last year.

    Commenting on the third quarter results, James S. Osterman, Chairman and Chief Executive Officer, stated: "I am encouraged by the improvement in customer demand that we saw in the third quarter. After last year's record third quarter, customer inventory levels were excessive. We believe that the recent sales uptick compared to this year's first and second quarters reflects the correction of much of the field inventory overhang and some improvement in end-user demand. Equally encouraging is the improvement we achieved in operating margins this quarter, reflective of the decisive actions we took earlier this year to control costs during the economic downturn. We believe we are well positioned to meet improving customer demand going forward and to leverage our improved cost structure."

    Outdoor Products Segment

    The Outdoor Products Segment, which represents over 96% of the Company's revenue to date in 2009, reported third quarter sales of $126.9 million. This year's third quarter sales were down 23.6% compared to last year's all-time record third quarter, but represent the best performance in any quarter since. Lower year-over-year sales volumes continue to be the biggest driver of the decline, with changes in foreign exchange rates having a moderately unfavorable impact on reported sales. Higher selling prices and improved product mix partially offset the lower volume and foreign exchange factors.

    In geographic terms, third quarter sales declined by 21.1% internationally and 29.4% domestically compared to last year's third quarter. Domestic sales in the third quarter of last year were lifted by storm-driven demand in the United States that has not recurred this year. The trend in international sales is consistent with the experience recorded in the first six months of 2009. By channel, third quarter sales to original equipment manufacturers were down 35.5% and replacement sales were down 19.6% compared to the prior year, consistent with first half trends. Through the first nine months of 2009, approximately 77% of the segment's sales have been through the replacement channel, which reflects the weaker demand from original equipment manufacturers as a result of the economic downturn.

    The table below reconciles the change in Outdoor Products sales from the third quarter of last year to this year's third quarter:

    % Change in Sales from Prior Year: Unit Volume (25.0)% Selling Price/Mix +2.9 % Foreign Exchange (1.5)% ------ Total (23.6)% =======

    Sales order backlog for the segment was $80.3 million at the end of this year's third quarter, up 2.3% compared to the $78.6 million as of June 30, 2009 and $97.7 million as of September 30, 2008.

    Segment contribution to operating income for the third quarter declined by $9.0 million to $25.5 million compared to last year's third quarter. The contribution margin of 20.1% of sales in this year's third quarter was significantly better than the contribution margin of 13.8% recorded in the first six months of 2009. Last year's third quarter segment contribution was 20.8%. The year-over-year decline in segment contribution margin reflects lower unit sales volumes and the associated manufacturing inefficiencies, partially offset by the impact of higher selling prices, improved product mix and favorable foreign exchange rates. The key drivers of the contribution margin decline for the quarter are illustrated below:

    Change in Segment Contribution Margin from Last Year: 2008 Contribution Margin 20.8 % Increase/ (Decrease) Unit Volume (2.8)% Selling Price/Mix +2.2 % Cost/Mix (2.3)% Foreign Exchange +2.2 % Total Change ------ (0.7)% ------ 2009 Contribution Margin 20.1 % ====== Corporate and Other

    In the third quarter, corporate and other incurred net expenses of $4.7 million compared to net expenses of $4.5 million last year. Reduced corporate overhead spending was more than offset by smaller operating profit from the sale of gear components. Our gear components operation continues to be profitable in spite of a nearly 61% sales decline compared to the prior year. In this year's third quarter, the Company recorded $0.5 million in severance expenses related to a reduction in work force, a level consistent with last year.

    2009 Financial Outlook

    For the full year, the Company expects sales to range between $480 million and $490 million and operating income to range between $57 million and $60 million. The operating income range includes approximately $7 million of restructuring costs and a $2.7 million gain on sale of property. We expect free cash flow to be between $25 million and $30 million for the full year of 2009. Blount defines free cash flow as cash flow from operations less net capital expenditures. The effective income tax rate for 2009 is estimated to range between 28% and 32%.

    Blount International, Inc. is a global company whose principal business is the Outdoor Products segment. Blount sells its products in more than 100 countries around the world. For more information about Blount, please visit our website at http://www.blount.com/.

    "Forward looking statements" in this release, including without limitation the Company's "outlook," "expectations," "beliefs," "plans," "indications," "estimates," "anticipations," "guidance" and their variants, as defined by the Private Securities Litigation Reform Act of 1995, are based upon available information and upon assumptions that the Company believes are reasonable; however, these forward looking statements involve certain risks and should not be considered indicative of actual results that the Company may achieve in the future. In particular, among other things, guidance given in this release is expressly based upon certain assumptions concerning market conditions, foreign currency exchange rates, raw material costs, especially with respect to the price of steel, the presumed relationship between backlog and future sales trends and certain income tax matters, as well as the uncertainty of the current global economic situation. To the extent that these assumptions are not realized going forward, or other unforeseen factors arise, actual results for the periods subsequent to the date of this announcement may differ materially.

    Blount International, Inc. Financial Data (Unaudited) Condensed Consolidated Three Months Ended Nine Months Ended Statements of Income September 30, September 30, ------------------ ------------------ (In thousands, except per share data) 2009 2008 2009 2008 ------------------------------- ---- ---- ---- ---- Sales $130,361 $175,006 $360,886 $463,265 Cost of sales 85,513 118,470 243,609 314,929 ------------- ------ ------- ------- ------- Gross profit 44,848 56,536 117,277 148,336 Selling, general and administrative expenses 23,581 26,080 72,767 78,518 Gain on sale of land and building - - (2,701) - Plant closure and severance costs 482 446 6,886 1,519 --------------------------------- --- --- ----- ----- Operating income 20,785 30,010 40,325 68,299 Interest expense, net of interest income (6,125) (6,572) (18,326) (19,501) Other income, net 369 690 406 1,461 ----------------- --- --- --- ----- Income from continuing operations before income taxes 15,029 24,128 22,405 50,259 Provision for income taxes 3,687 9,146 5,874 18,171 -------------------------- ----- ----- ----- ------ Income from continuing operations 11,342 14,982 16,531 32,088 Loss from discontinued operations - (232) - (406) --------------------------------- --- ---- --- ---- Net income $11,342 $14,750 $16,531 $31,682 ---------- ------- ------- ------- ------- Basic income (loss) per share: Continuing operations $0.24 $0.31 $0.35 $0.68 Discontinued operations - - - $(0.01) Basic income per share: $0.24 $0.31 $0.35 $0.67 ----------------------- ----- ----- ----- ----- Diluted income (loss) per share: Continuing operations $0.23 $0.31 $0.34 $0.67 Discontinued operations - - - $(0.01) Diluted income per share: $0.23 $0.31 $0.34 $0.66 ------------------------- ----- ----- ----- ----- Shares used for per share computations (in 000's): Basic 47,766 47,624 47,751 47,440 Diluted 48,271 48,248 48,210 48,079 ------- ------ ------ ------ ------ Condensed Consolidated Balance Sheets September 30, December 31, (In thousands) 2009 2008 -------------- ---- ---- Assets: Cash and cash equivalents $58,140 $58,275 Accounts receivable 72,759 75,555 Inventory 81,225 90,302 Other current assets 24,638 20,432 Property, plant and equipment, net 115,717 119,749 Other assets 135,370 135,371 ------------ ------- ------- Total assets $487,849 $499,684 ------------ -------- -------- Liabilities: Accounts payable and accrued expenses $72,026 $84,597 Debt 310,244 325,520 Other long-term liabilities 127,733 133,087 --------------------------- ------- ------- Total liabilities 510,003 543,204 ----------------- ------- ------- Stockholders' deficit (22,154) (43,520) --------------------- ------- ------- Total liabilities and stockholders' deficit $487,849 $499,684 ------------------------------------------- -------- -------- Three Months Ended Nine Months Ended Segment Information September 30, September 30, ------------------ ----------------- (In thousands) 2009 2008 2009 2008 -------------- ---- ---- ---- ---- Sales: Outdoor products $126,923 $166,217 $348,473 $438,800 Other 3,438 8,789 12,413 24,465 ----- ----- ----- ------ ------ Total sales $130,361 $175,006 $360,886 $463,265 ----------- -------- -------- -------- -------- Operating income: Outdoor products $25,506 $34,552 $56,020 $81,244 Other and corporate expense (4,721) (4,542) (15,695) (12,945) --------------------------- ------ ------ ------- ------- Operating income $20,785 $30,010 $40,325 $68,299 ---------------- ------- ------- ------- -------

    Blount International, Inc.

    CONTACT: Calvin E. Jenness, Senior Vice President and Chief Financial
    Officer of Blount International, Inc., +1-503-653-4573

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




    Owens Corning Launches Shingle Recycling ProgramFirst manufacturer to simplify shingle recycling for contractors

    TOLEDO, Ohio, Nov. 3 /PRNewswire-FirstCall/ -- Owens Corning today announced through its Roofing business that it will provide a new program that simplifies recycling asphalt shingles for its Preferred Roofing Contractors. The company is the first roofing manufacturer to connect contractors with convenient recycling facilities through a national strategic alliance.

    Based on a pilot conducted in Indiana, Owens Corning will roll out the program nationally, starting in the Midwest. As part of the program, contractors pledge to recycle their shingle tear-offs. In addition to keeping shingle waste out of landfills, contractors benefit by promoting sustainable business practices to homeowners.

    "While the technology exists to recycle asphalt shingles, we are making it efficient and cost-effective for our contractors," said Sheree Bargabos, president of Owens Corning Roofing and Asphalt, LLC. "This program makes recycling easy, and provides our contractor network with an opportunity to clearly differentiate themselves by providing a complete roofing system including a sustainable end-of-life recycling option for old shingles."

    Owens Corning is working with Heritage Environmental Services, the largest privately-held environmental services company in the United States. Heritage will provide dedicated, convenient drop-off centers that will recycle and process shingle tear-offs.

    "Millions of tons of asphalt roofing shingles are sent to landfills every year, wasting valuable resources such as asphalt and aggregate," said Bill McDaniel, president and chief executive officer, Heritage Environmental Services LLC. "With the combined efforts of Heritage and Owens Corning, material that would have been wasted will now be reused and made into roads."

    Recycling glass-based asphalt shingles is a cost-effective alternative to producing new asphalt and helps preserve resources. Last year the Asphalt Institute estimated that the asphalt from recycled shingles has a potential value of more than $1 billion, which is variable upon the price of asphalt.

    "At Owens Corning, we are constantly seeking solutions that carry economic, environmental and social benefits. This new program is the perfect example of carefully considered product life-cycle management, from conception of design and manufacture to durable service and end-of-life recycling," said Owens Corning Chief Sustainability Officer, Frank O'Brien-Bernini. "We are proud to be the first roofing manufacturer to help create an infrastructure to increase shingle recycling and material reuse across the country."

    About Owens Corning

    Owens Corning is a leading global producer of residential and commercial building materials, glass fiber reinforcements and engineered materials for composite systems. A Fortune 500 Company for 55 consecutive years, Owens Corning is committed to driving sustainability through delivering solutions, transforming markets and enhancing lives. Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $6 billion in 2008 and about 16,000 employees in 30 countries on five continents. Additional information is available at http://www.owenscorning.com/.

    About Heritage Environmental Services

    Heritage Environmental Services is the largest privately-held environmental services company in the U.S. providing solutions for recycling, treatment and disposal of byproducts from commercial and industrial activities throughout North America. Since 1970, Heritage Environmental Services has created a sustainable business transforming reusable materials. Additional information is available at http://www.heritage-enviro.com/.

    Owens Corning

    CONTACT: Ried Artis of Owens Corning, +1-419-248-5577,
    Ried.Artis@owenscorning.com; or Sarah Lemmon of HMH, +1-503-973-9275,
    sarahl@thinkhmh.com, for Owens Corning

    Web Site: http://www.owenscorning.com/
    http://www.heritage-enviro.com/




    Stanley Selected as Key Team Member on Department of State IT Support Services Contract

    ARLINGTON, Va., Nov. 3 /PRNewswire-FirstCall/ -- Stanley, Inc. , a leading provider of systems integration and professional services to the U.S. federal government, today announced that it was selected as part of the Harris Corporation team that will support the Department of State, Bureau of Consular Affairs (CA), Office of Consular Systems and Technology, with IT support services. The total value of the five-year contract, a base year plus four one-year options, is $196.5 million. Stanley is expected to achieve approximately 30 percent of the total value as a key subcontractor. The value of this award was previously included in Stanley's second quarter earnings release issued on October 29, 2009.

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

    The team will provide installation, training, domestic and overseas help desk support and configuration management of IT system hardware and software for all CA Passport sites and overseas posts. The services will support approximately 4,000 domestic users at 18 U.S. locations within CA, as well as approximately 7,000 users at more than 230 overseas posts and 44 consular systems.

    "Our long-standing relationship with the Department of State continues with this award," said Paul Belanger, senior vice president for Stanley. "We look forward to supporting CA's Office of Consular Systems and Technology with technology and process enhancements that will advance their national security mission both here in the United States and for American citizens worldwide."

    About Stanley

    Stanley is a provider of information technology services and solutions to U.S. defense, intelligence and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational support, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, Va., the company has approximately 4,800 employees at over 100 locations in the U.S. and worldwide. Stanley has been recognized by FORTUNE magazine as one of the "100 Best Companies to Work For" from 2007 through 2009. Please visit http://www.stanleyassociates.com/ for more information.

    Any statements in this press release about our expectations about future financial performance, plans and prospects, including statements containing the words "estimates," "anticipates," "plans," "expects" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2009, as filed with the Securities and Exchange Commission (SEC), and additional filings we make with the SEC. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. Except as required by law, we assume no obligation to update publicly or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

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

    CONTACT: Joelle Pozza, Stanley, +1-703-310-3218,
    Joelle.Pozza@stanleyassociates.com

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




    Global Report: Climate Change Exposes the Oil and Gas Industry to RiskChanges in Climate Could Impact Oil and Gas Company's Assets, Operations and Safety

    ARMONK, N.Y., Nov. 3 /PRNewswire-FirstCall/ -- Over three quarters of the world's oil and gas companies surveyed believe inevitable climate change could impact their business: increasing downtime, system failures and safety; but only 19 percent are taking action, says a new Acclimatise report backed by IBM .

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

    "The Oil and Gas industry is an important contributor to our society and economy, so if anything impacts the industry it could well impact people at home, at work, on the move, or even their personal finances," said Allan Roberts, IBM's Industrial Strategy & Change Leader, IBM Global Business Services, UK & Ireland. "While oil and gas companies are typically well run and have systems for monitoring risks, they have been exposed to problems with their major projects and operations in the past. Evidence in the report shows companies may not be fully appreciating the risks posed by climate change or have in place responses which are robust."

    The report titled "Global Oil & Gas - The Adaptation Challenge" is based on the Carbon Disclosure Project's annual request for investor information that was sent to the world's largest 128 oil and gas companies globally (based on market capitalisation). Analysed using the Acclimatisation Index(TM). Methodology, the report identified the top five impacts of climate change and the industry implications.

    Top Five Industry Impacts of Climate Change

    Increased pressure on water resources: Concerns over changing rainfall patterns, water shortages, poor water quality, drought and flooding is significantly increasing the demand for water. Growing competition for available resources could create operational problems for companies which rely heavily on water for oil and gas production. The demand may also create conflicts with local communities and other water users throughout the world changing the risk landscape for oil and gas companies. Nearly all companies surveyed did not appear to recognise the risk landscape is changing - only 6% reported knowledge of potential civil and geo-political risks and 3% identified adverse risks for local communities.

    Physical asset failure: The report revealed that many existing plants and equipment have been designed on the basis of historic climatic conditions and may not withstand changing environmental conditions. Fluctuating temperatures can affect efficiency and performance of physical assets leading to transport disruption, damaged buildings and increased operational delays and costs. Only 6% of respondents indicated they were taking actions to manage disruptions to off-site utilities (energy, communications, water and waste treatment).

    Employee health and safety risks: Volatile working conditions in extreme environments and physical assets which are potentially not suitable for the changing climatic conditions have the potential to impact the health and safety of employees. However only 1.5% of respondents reported to incorporate climate change considerations into their health and safety risk assessments. Employer and public liability insurance cover may be compromised if companies fail to take climate change into account during health and safety risk assessments.

    Drop in value of financial assets: To meet the growing demand for energy, oil and gas companies need to continue securing investment for new exploration, production and manufacturing. Potential investors and stakeholders are placing greater importance on the business impacts of climate change as the risks impact cost and revenue drivers. Insurance costs could potentially rise because of greater chances of physical plant damage due to weather events, an issue only recognised by 10% of respondents. The current reported value of proved reserves may also be affected by companies failing to take into account the full impact of climate change. This could result in changes to the disclosed value of reserves which has major financial implications.

    Damage to corporate reputation: As knowledge and awareness of climate change grows, any failure to monitor and report the impacts of climate change on social and ecological resources is increasingly likely to harm a company's reputation. Contractual relationships that do not adequately foresee and manage risks driven by climate change, may damage the company's reputation with stakeholders as the risk of parties turning to litigation increases.

    "It is difficult to justify the position taken by any company that fails to assess the vulnerability of existing and future assets to acute and chronic changing climatic risks, given the information we now have," said John Firth, Chief Executive Officer and Co-Founder, climate change adaptation specialists Acclimatise. "Companies that develop an integrated approach, recognising that we no longer have a stable climate, will be the winners. This is not merely an environmental issue, it is about bottom line consequences and the future viability of oil and gas companies."

    Drivers for Change

    Given the Oil and Gas industry's ability to innovate there is no reason why it will not continue to be a major contributor to society and the economy of the future. There are a number of drivers for change that will influence the level and rate of innovation.

    Cost/revenue drivers - Operating costs at refineries could increase in response to changes in asset efficiency and resilience with higher ambient air temperatures. Disruptions to transport links due to permafrost thaw are already having significant impacts with companies having to hold and maintain larger on-site spare parts and materials stores. Operational costs could increase in response to changes in design standards for offshore platforms.

    Stakeholder pressure - Investors and other stakeholders, including market and financial analysts, governments and regulatory agencies, research institutions, consumers, local communities and NGOs - are already starting to place greater pressure on oil and gas companies to address climate risks and opportunities.

    New regulatory landscapes - Although new regulatory policies are being developed in many countries there remains a great deal of uncertainty regarding the scope, content and format of future legislation on emissions. Greater certainty about the future regulatory landscape is required to encourage companies to invest in alternatives to fossil fuels and develop cleaner and sustainable energy sources.

    In the United Kingdom the Climate Change Act 2008 gives the government an adaptation reporting power that requires oil and gas companies to assess and disclose the impacts climate change might have on their business. The UK Government recently updated the Petroleum Act, tightening the laws on decommissioning, making it compulsory for companies to take the impacts of climate change into account.

    The US Securities and Exchange Commission ask publicly-listed companies to disclose climate threats to their bottom lines in annual reporting.

    Opportunity to Improve

    Acclimatise and IBM have jointly prepared a set of 10 Prepare-Adapt questions to help oil and gas executives take informed steps towards building corporate resilience to inevitable climate change.

    To start, a company should undertake a high-level assessment of how climate change could impact their business model. The next step is to analyse the individual areas that could have the greatest material impact on performance - two areas of consideration could be Non-Market Strategy and Asset Lifecycle Management. Finally companies need to adapt reporting and performance management to incorporate risks arising from climate change.

    Paul Simpson, Chief Operating Officer, Carbon Disclosure Project, said, "This report shows how important it is for the oil and gas sector to plan for a changing climate. Issues such as water shortages and changing weather patterns and temperatures will impact infrastructure, operations, revenues and costs. As a result, investors want to know how oil and gas companies are dealing with these risks and planning for them in the future. This report helps answer those questions."

    For a full copy of the report: http://www-05.ibm.com/uk/green/cdp2009/oil_and_gas.pdf

    Methodology

    The analysis has been undertaken using our Acclimatisation Index(TM) methodology. This enables a semi-quantitative analysis of the responses recognising the scope of the questions.

    The Index can take into account information from other sources to provide a more comprehensive analysis if needed. The Index also allows a relative score for each company to be calculated, although these scores are not available as part of this project.

    The Acclimatisation Index(TM) has been used to analyse the resilience of global oil and gas companies to climate change in response to questions contained within sections 1 and 4 of the Carbon Disclosure Project questionnaire. It describes how global oil and gas companies understand the risks and opportunities they face as a result of the changing climate, and how they plan to adapt to them.

    For more information on IBM go to: http://www.ibm.com/uk/green. For more information on Acclimatise:

    Acclimatise is a risk management consultancy focused on helping its clients become resilient to the impacts of inevitable climate change. Founded in 2004 Acclimatise advises some of the world's largest corporates, banks and pension funds. It also provides strategic guidance to governments, government agencies and to cities.

    For more information on Carbon Disclosure Project:

    The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of corporate climate change information in the world. CDP gathers data through its annual Information Requests on behalf of 475 institutional investors with assets under management of $55 trillion, purchasing organizations and government bodies. Since its formation in 2000, CDP has become the gold standard for carbon disclosure methodology and process, providing primary climate change data to the global market place.

    For more information, visit http://www.cdproject.net/. PRESS CONTACTS: Lucy Chapman External Relations - IBM UK Communications +44 (0) 20 7021 8911 LUCYCHAPMAN@uk.ibm.com Sarah Spencer IBM US + 917-472-3728 + 646-241-3168 scspence@us.ibm.com John Firth CEO and co-founder Acclimatise +44 (0) 1623 884347 +44 (0) 7769 706184 j.firth@acclimatise.uk.com http://www.acclimatise.uk.com/

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

    CONTACT: Media, Lucy Chapman, External Relations - IBM UK
    Communications, +44(0)20-7021-8911, LUCYCHAPMAN@uk.ibm.com, or Sarah Spencer,
    IBM US, +1-917-472-3728, or +1-646-241-3168, scspence@us.ibm.com; or John
    Firth, CEO and co-founder, Acclimatise, +44(0)1623-884347, or
    +44(0)7769-706184, j.firth@acclimatise.uk.com

    Web Site: http://www.ibm.com/uk/green




    Greenhill SAVP Completes Investment in Altruik

    NEW YORK, Nov. 3 /PRNewswire-FirstCall/ -- Greenhill SAVP announced today it has invested in New York-based Altruik. Greenhill SAVP co-invested with DFJ Gotham, First Round Capital, Javelin Partners, and Zelkova Ventures on a $4.7 million Series A financing.

    Altruik (http://www.altruik.com/) is a pioneer of search engine optimization technology solutions. By automating the most tedious and arduous on-page components of the SEO process, Altruik provides an easy-to-use and cost effective platform to support in-house SEO marketers and consultants seeking to accelerate SEO results with greater scalability.

    According to industry reports, spending in the overall search engine marketing industry - which includes spending in search engine optimization and search engine marketing - will increase to over $26 billion by 2013 in North America alone. While most of online search budgets have traditionally been spent on paid search, the majority of traffic comes from natural search.

    Greenhill SAVP's investment in Altruik represents the fund's eighth online media and marketing services investment in the past two years.

    "We see significant demand from online retailers and content providers to invest in SEO," said Steve Brotman, Managing Director of Greenhill SAVP. "Altruik's team has built an innovative solution that optimizes clients' natural search results in an efficient, cost effective, measurable, and transparent manner."

    "Our ability to complete this investment in the current economic environment underscores the potential that we know exists in this nascent area of the Internet," said Eric Gertler, CEO of Altruik. "Given Greenhill SAVP's notable experience in technology-enabled marketing services, we believe they will add significant value and expertise as we grow our business."

    Altruik's focus on automating on-page SEO has helped clients see marked improvements in their presence on search engines as well as quality traffic to their sites. Additionally, and equally important, consumers and search engines reap considerable benefits of on-page SEO automation, which ensures wholly accessible, easily discoverable pages, making previously invisible content visible.

    "Altruik's unique offering of ensuring full visibility of the deep web and automating on-page SEO to make all of a site's content visible to the search engines not only enriches the overall experience for consumers on the Internet but also supports the efforts of the in-house marketers and consultants seeking to enhance the SEO results for their websites," adds Tom Kwon, founder of Altruik.

    About Altruik

    Altruik is a Search Engine Optimization technology innovator. The company's patent-pending technology automates the more tedious and arduous on-page component of the SEO process and provides an easy-to-use and cost effective platform to support the work of in house SEO marketers and consultants seeking to accelerate SEO results with greater and faster scalability. Altruik's focus on automating on-page SEO has helped clients see marked improvements in their presence on search engines as well as quality traffic to their sites. Additional information can be found at http://www.altruik.com/.

    About Greenhill SAVP

    With over $100 million under management, Greenhill SAVP makes early stage venture investments in technology-enabled services and business information services companies. Prior fund manager investments include Medidata Solutions, LivePerson, OpenWave, YellowJacket (acquired by the Intercontinental Exchange), UGO Networks (acquired by Hearst Corporation), and KnowledgeStorm (acquired by TechTarget).

    Greenhill SAVP is an affiliate of Greenhill & Co., Inc. , an independent global investment banking firm with offices in New York, London, Frankfurt, Toronto, Tokyo, San Francisco, Los Angeles, Dallas, Houston and Chicago. Greenhill SAVP leverages its deep domain expertise, a proven investment track-record, and a global corporate network to create significant portfolio value. For more information about Greenhill SAVP, please visit http://www.gsavp.com/.

    Greenhill SAVP: Steve Brotman Managing Director Greenhill SAVP 212-389-1600

    Greenhill SAVP

    CONTACT: Steve Brotman, Managing Director of Greenhill SAVP,
    +1-212-389-1600

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




    Matrix Service Announces First Quarter Fiscal 2010 Results of $0.17 Per Fully Diluted ShareFirst Quarter Fiscal 2010 Highlights: - Revenues were $137.7 million, - Gross margins were 12.7%, - Operating income was $7.3 million, - Fully diluted EPS was $0.17 per share, - Backlog was $328.1 million as of September 30, 2009, and - Cash was $56.5 million as of September 30, 2009.

    TULSA, Okla., Nov. 3 /PRNewswire-FirstCall/ -- Matrix Service Co. , a leading industrial services company, today reported its financial results for the first quarter ended September 30, 2009. In addition, the Company announced the results of the transition period related to the change of the fiscal year end from May 31st to June 30th.

    First Quarter of Fiscal 2010 Results

    Net income for the first quarter of fiscal 2010 was $4.5 million, or $0.17 per fully diluted share on total revenues of $137.7 million. First quarter operating results included a charge related to a legal matter of $1.2 million or $0.03 per fully diluted share. Total revenues were $186.7 million and net income was $9.5 million or $0.36 per fully diluted share in the comparable period a year earlier.

    "As we had anticipated, the market environment in the first quarter was challenging," said Michael J. Bradley, president and CEO of Matrix Service Company. "I am pleased with the solid execution of the Matrix Service team and our ability to continue to strengthen our financial position during this difficult economy. While the remainder of calendar 2009 remains challenging, we are encouraged by the increasing level of bid activity in both the Repair and Maintenance Services and Construction Services segments of our business. We remain well positioned to execute our growth strategy when market conditions improve."

    Revenues for the Construction Services segment were $77.7 million, compared with $114.8 million in fiscal 2009. The decrease of $37.1 million was mainly due to continued delays in planned projects and a broad based decline in our customers' capital spending. The economic slowdown impacted all of our markets. Revenues for the Repair and Maintenance Services segment were $60.0 million in fiscal 2010 compared to $71.9 million in fiscal 2009. The decline was also due to the current economy as customers have applied discretion to the scope and timing of maintenance programs.

    Consolidated gross profit decreased from $26.7 million in fiscal 2009 to $17.4 million in fiscal 2010. The reduction of $9.3 million was due to the decrease in revenue and lower gross margins. Gross margins decreased from 14.3% in fiscal 2009 to 12.7% in fiscal 2010. The decline was due to lower margins in the Repair and Maintenance Services segment, where the gross margin decreased to 10.5% in the current fiscal quarter versus 16.2% in the prior fiscal quarter. Offset by this decline was an improvement in the Construction Services segment where gross margins increased to 14.3% in the current fiscal quarter compared to 13.1% in fiscal 2009. Gross margins in both segments were negatively affected by a lower volume of business available to recover construction overhead costs. Consolidated SG&A expenses decreased 16.4% to $10.1 million in fiscal 2010 compared to $12.1 million for fiscal 2009. The decline in SG&A expenses is due to our on-going cost reduction efforts related primarily to employee related costs and professional fees.

    Consolidated backlog at September 30, 2009 was $328.1 million compared to a backlog of $392.1 million as of June 30, 2009. Contributing to the change were delays of new project awards, decreased spending by our customers and project cancellations, which totaled $12.6 million in the quarter.

    Transition Period Results

    Net income for the month of June 2009, the fiscal year change transition period, was $1.0 million, or $0.04 per fully diluted share on revenues of $45.8 million. The comparable prior year results were revenues of $60.0 million and net income of $3.7 million, or $0.14 per fully diluted share.

    The revenue decline was due to lower Construction Services revenues, which decreased from $36.3 million in June 2008 to $28.5 million in June 2009, and lower Repair and Maintenance Services revenues which decreased from $23.7 million in June 2008 to $17.3 million in June 2009.

    Gross profit decreased to $5.1 million in June 2009 compared to $9.8 million a year earlier. The decline in gross profit was due to lower revenues and lower gross margins. Gross margins in both segments were negatively affected by a lower volume of business available to recover construction overhead costs in June 2009.

    Consolidated backlog at June 30, 2009 was $392.1 million compared to a backlog of $401.1 million as of May 31, 2009.

    Financial Position

    In fiscal 2010, the Company's cash balance increased from $34.6 million as of May 31, 2009 to $56.5 million as of September 30, 2009. The Company did not borrow under its $75 million revolving credit facility during the three months September 30, 2009 or the one month ended June 30, 2009.

    Earnings Guidance

    Matrix Service is reaffirming its earnings guidance range of $0.80 to $1.10 per fully diluted share for fiscal 2010. The achievement of the earnings guidance is dependent on an improving economic environment and a resulting higher demand for the Company's services throughout the remainder of fiscal 2010.

    Conference Call Details

    In conjunction with the press release, Matrix Service will host a conference call with Michael J. Bradley, president and CEO, and Thomas E. Long, vice president and CFO. The call will take place at 11:00 a.m. (Eastern) / 10:00 a.m. (Central) today and will be simultaneously broadcast live over the Internet at http://www.matrixservice.com/ or http://www.vcall.com/. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast. The online archive of the broadcast will be available within one hour of completion of the live call.

    About Matrix Service Company

    Matrix Service Company provides general industrial construction and repair and maintenance services principally to the petroleum, petrochemical, power, bulk storage terminal, pipeline and industrial gas industries.

    The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities located in California, Delaware, Illinois, Michigan, New Jersey, Oklahoma, Pennsylvania, Texas, and Washington in the U.S. and in Alberta, Ontario and New Brunswick in Canada.

    This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as "anticipate," "continues," "expect," "forecast," "outlook," "believe," "estimate," "should" and "will" and words of similar effect that convey future meaning, concerning the Company's operations, economic performance and management's best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including those factors discussed in the "Risk Factors" and "Forward Looking Statements" sections and elsewhere in the Company's reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.

    For more information, please contact: Matrix Service Company Investors and Financial Media: Tom Long Truc Nguyen Vice President and CFO Deputy Managing Director T: 918-838-8822 Grayling Global E: telong@matrixservice.com T: 646-284-9418 E: tnguyen@hfgcg.com Matrix Service Company Consolidated Statements of Income (In thousands, except per share data) (unaudited) One Month Three Months Ended Ended ------------------ --------- September 30, August 31, June 30, 2009 2008 2009 ---- ---- ---- Revenues $137,650 $186,650 $45,825 Cost of revenues 120,232 159,979 40,676 ------- ------- ------ Gross profit 17,418 26,671 5,149 Selling, general and administrative expenses 10,087 12,062 3,570 ------ ------ ----- Operating income 7,331 14,609 1,579 Other income (expense): Interest expense (174) (114) (91) Interest income 43 109 17 Other 83 736 98 -- --- -- Income before income taxes 7,283 15,340 1,603 Provision for federal, state and foreign income taxes 2,774 5,836 609 ----- ----- --- Net income $4,509 $9,504 $994 ====== ====== ==== Basic earnings per common share $0.17 $0.36 $0.04 Diluted earnings per common share $0.17 $0.36 $0.04 Weighted average common shares outstanding: Basic 26,195 26,073 26,192 Diluted 26,437 26,473 26,434 Matrix Service Company Consolidated Balance Sheets (In thousands) (unaudited) September 30, May 31, 2009 2009 ---- ---- Assets Current assets: Cash and cash equivalents $56,471 $34,553 Accounts receivable, less allowances (September 30, 2009 - $774, and May 31, 2009 - $710) 87,649 122,283 Costs and estimated earnings in excess of billings on uncompleted contracts 32,715 35,619 Inventories 4,708 4,926 Income tax receivable - 647 Deferred income taxes 4,841 4,843 Prepaid expenses 4,427 3,935 Other current assets 2,579 3,044 ----- ----- Total current assets 193,390 209,850 Property, plant and equipment at cost: Land and buildings 27,511 27,319 Construction equipment 54,586 53,925 Transportation equipment 18,002 17,971 Furniture and fixtures 14,889 14,527 Construction in progress 895 812 --- --- 115,883 114,554 Accumulated depreciation (59,147) (55,745) ------- ------- 56,736 58,809 Goodwill 27,087 25,768 Other intangible assets 4,450 4,571 Other assets 1,395 4,453 ----- ----- Total assets $283,058 $303,451 ======== ======== Matrix Service Company Consolidated Balance Sheets (In thousands, except share data) (unaudited) September 30, May 31, 2009 2009 ---- ---- Liabilities and stockholders' equity Current liabilities: Accounts payable $34,645 $48,668 Billings on uncompleted contracts in excess of costs and estimated earnings 41,971 51,305 Accrued insurance 6,875 7,612 Accrued wages and benefits 10,412 16,566 Income tax payable 680 - Current capital lease obligation 1,069 1,039 Other accrued expenses 5,603 2,200 ----- ----- Total current liabilities 101,255 127,390 Long-term capital lease obligation 532 850 Deferred income taxes 4,409 4,822 Stockholders' equity: Common stock - $.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of September 30, 2009, and May 31, 2009 279 279 Additional paid-in capital 110,971 110,272 Retained earnings 80,896 75,393 Accumulated other comprehensive income 854 596 --- --- 193,000 186,540 Less: Treasury stock, at cost - 1,689,602 shares as of September 30, 2009, and 1,696,517 shares as of May 31, 2009 (16,138) (16,151) ------- ------- Total stockholders' equity 176,862 170,389 ------- ------- Total liabilities and stockholders' equity $283,058 $303,451 ======== ======== Matrix Service Company Results of Operations (In thousands) (unaudited) Repair & Construction Maintenance Services Services Other Total -------- -------- ----- ----- Three Months Ended September 30, 2009 Gross revenues $80,579 $60,176 $- $140,755 Less: Inter-segment revenues 2,908 197 - 3,105 ----- --- --- ----- Consolidated revenues 77,671 59,979 - 137,650 Gross profit 11,096 6,322 - 17,418 Operating income 5,266 2,065 - 7,331 Income before income tax expense 5,212 2,071 - 7,283 Net income 3,293 1,216 - 4,509 Segment assets 129,969 90,672 62,417 283,058 Capital expenditures 268 87 678 1,033 Depreciation and amortization expense 1,683 1,336 - 3,019 Three Months Ended August 31, 2008 Gross revenues $122,361 $72,167 $- $194,528 Less: Inter-segment revenues 7,603 275 - 7,878 ----- --- --- ----- Consolidated revenues 114,758 71,892 - 186,650 Gross profit 15,045 11,626 - 26,671 Operating income 7,492 7,117 - 14,609 Income before income tax expense 7,703 7,637 - 15,340 Net income 4,379 5,125 - 9,504 Segment assets 150,322 91,116 35,882 277,320 Capital expenditures 1,039 930 1,136 3,105 Depreciation and amortization expense 1,412 969 - 2,381 One Month Ended June 30, 2009 Gross revenues $29,224 $17,297 $- $46,521 Less: Inter-segment revenues 693 3 - 696 --- --- --- --- Consolidated revenues 28,531 17,294 - 45,825 Gross profit 3,251 1,898 - 5,149 Operating income 1,141 438 - 1,579 Income before income tax expense 1,116 487 - 1,603 Net income 720 274 - 994 Capital expenditures 121 64 163 348 Depreciation and amortization expense 543 451 - 994

    Matrix Service Co.

    CONTACT: Tom Long, Vice President and CFO of Matrix Service Company,
    +1-918-838-8822, telong@matrixservice.com; Investors and Financial Media, Truc
    Nguyen, Deputy Managing Director of Grayling Global, +1-646-284-9418,
    tnguyen@hfgcg.com, for Matrix Service Co.

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

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