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Companies news of 2010-05-11 (page 13)

  • Book a Spontaneous Adventure Now with AirTran Airways' New Sale Fares
  • Colliers International Further Expands in Indianapolis with Addition of Resource...
  • NetDragon Launches New Expansion Pack 'Legend Returns' for Conquer Online
  • Universal Travel Group Announces First Quarter 2010 Results
  • Elbit Systems Completes Acquisition of Azimuth Technologies' Shares
  • Gold Fields and Buenaventura Announce Major Gold Discovery in Southern Peru
  • William Hill - Ready to Take Online Betting Into Other Geographies
  • Thomson Reuters Launches Disruptive Financial Video ExperienceNew Interactive Platform...
  • Verizon Business Introduces New Model for Cloud-Based SecuritySecurity-as-a-Service...
  • Gulf Resources Reports First Quarter 2010 Results
  • Allot Communications Reports 33% Increase in Revenues to $12.5 Million for the First...
  • William Hill - Ready to Take Online Betting Into Other Geographies
  • Artprice : CA T1 +30% - prise de marché en Chine - Directive Européenne des enchères...
  • Interim Notice DOCDATA N.V.
  • Silence Therapeutics to Present at Upcoming Investor Conferences
  • Euro Disney S.C.A. - Reports 2010 First Half Results
  • EURO DISNEY S.C.A. annonce ses resultats du premier semestre 2010
  • Fraport Traffic Figures - April 2010
  • Fraport Interim Report - First Quarter 2010: EBITDA and Revenue Growing
  • Verizon Business Enhances European Network and Plans for Activation of Europe India...
  • Fraport Traffic Figures - April 2010
  • Fraport Interim Report - First Quarter 2010: EBITDA and Revenue GrowingFraport Expects...
  • Verizon Business Delivers Cloud-Based Solution for Quickly and Securely Connecting Mobile...
  • Verizon Business Unveils New Fixed Mobile Convergence Offering in EuropeHelps Companies...
  • Northern Offshore Announces CFO Resignation
  • Chiffres du trafic de Fraport - Avril 2010
  • Rapport provisoire de Fraport - Premier trimestre 2010 : EBITDA et revenus en augmentation
  • Spansion Emerges from Chapter 11 Reorganization
  • Sino-Forest to host First Quarter 2010 Earnings Call on Wednesday, May 12, 2010
  • Hollander Launches Hollander e-Link(TM), a State-of-the-Art e-Commerce SolutionTechnology...



    Book a Spontaneous Adventure Now with AirTran Airways' New Sale Fares

    ORLANDO, Fla., May 11 /PRNewswire-FirstCall/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. , today launched a sale for travel to all of the airline's destinations with special low fares. Travelers may purchase these sale fares at airtran.com, from their local travel agent or via AirTran Airways reservations at 1-800-AIR-TRAN. For Spanish, call 1-877-581-9842.

    These special fares are available for purchase through May 13, 2010, and are good for travel from May 21, 2010, through November 17, 2010. Lowest fares are available for travel on Tuesdays, Wednesdays, and Saturdays. Additional sale fares are valid for travel on Mondays, Thursdays, Fridays and Sundays.

    Like all AirTran Airways fares, prices included in this sale are available for one-way travel and do not require a roundtrip purchase or an overnight stay. These sale fares require a 10-day advance purchase.

    Following is a sample of one-way sale fares*. All fares are valid in either direction:

    Sample Fares: Off-Peak Peak Asheville - Orlando $69 $79 Atlanta - Baltimore/Washington (BWI) $69 $79 Atlanta - Buffalo $69 $79 Atlanta - Chicago (Midway) $69 $84 Atlanta - Dallas/ Ft. Worth $84 $99 Atlanta - Ft. Myers $69 $84 Atlanta - Las Vegas $124 $144 Atlanta - San Francisco $129 $149 Atlanta - Tampa $69 $79 Atlantic City - Orlando $89 $94 Baltimore/Washington (BWI) - Ft. Myers $89 $109 Baltimore/Washington (BWI) - Grand Rapids $59 $79 Baltimore/Washington (BWI) - Indianapolis $59 $79 Baltimore/Washington (BWI) - Jacksonville $64 $84 Baltimore/Washington (BWI) - Nassau/Paradise Island $99 $119 Baltimore/Washington (BWI) - San Antonio $99 $119 Boston - Baltimore/Washington (BWI) $49 $69 Boston - Milwaukee $79 $99 Charlotte - Baltimore/Washington (BWI) $59 $74 Dallas/Ft. Worth - Baltimore/Washington (BWI) $99 $119 Flint - Atlanta $69 $79 Grand Rapids - Ft. Myers $84 $104 Grand Rapids - Tampa $84 $104 Huntsville/ Decatur - Baltimore/Washington (BWI) $69 $84 Huntsville/Decatur - Orlando $69 $89 Indianapolis - New York (LaGuardia) $84 $99 Indianapolis - Tampa $89 $109 Kansas City - Orlando $82 $102 Milwaukee - Dallas/Ft. Worth $84 $104 Milwaukee - Denver $84 $104 Milwaukee - Ft. Myers $89 $109 Milwaukee - New York (LaGuardia) $79 $99 Milwaukee - Tampa $84 $104 Milwaukee -Washington D.C. (Dulles or Reagan National) $89 $109 Orlando - Key West $79 $89 Orlando - Montego Bay $89 $109 Orlando - Nassau/Paradise Island $44 $59 Orlando - San Juan $74 $94 Philadelphia - Orlando $99 $114 Pittsburgh - Ft. Lauderdale $89 $109 Portland, ME - Orlando $99 $119 Rochester - Atlanta $69 $89 Seattle/Tacoma - Atlanta $129 $149 San Antonio - Orlando $89 $109

    AirTran Airways, a subsidiary of AirTran Holdings, Inc. and a Fortune 1000 company, has been ranked the number one low cost carrier in the Airline Quality Rating study for the past three years. AirTran Airways is the only major airline with Gogo Inflight Internet on every flight and offers coast-to-coast service on North America's newest all-Boeing fleet. Our low-cost, high-quality product also includes assigned seating, Business Class and complimentary XM Satellite Radio on every flight. To book a flight, visit http://www.airtran.com/.

    *All fares are one-way. All fares are non-refundable and a $75 fee per person applies to any change made after purchase, plus any applicable increase in airfare. Ten-day advance purchase required. Seats are limited, subject to availability, and may not be available on all flights. Tickets must be purchased by May 13, 2010. Sale fares are valid for travel through November 17, 2010. Lowest sale fares are valid for travel on Tuesdays, Wednesdays, and Saturdays. Additional sale fares are available on Mondays, Thursdays, Fridays and Sundays. Blackout dates are as follows: May 28, 2010, May 31, 2010; June 18-20, 2010, June 25-27, 2010; July 2-3, 2010, July 5, 2010, July 9-11, 2010, July 16-18, 2010, July 23-25, 2010, July 30-31, 2010; and August 1, 2010, August 6-8, 2010. Travel to/from Aruba is not valid from June 18, 2010, through August 8, 2010. Service to/from Huntsville, AL begins on May 27, 2010. Service to/from San Diego begins on May 27, 2010. Service on some itineraries may be provided by our partner SkyWest Airlines. A first bag may be checked for a fee of $15 each way and a second bag may be checked for a fee of $25 each way. Reservations may be obtained or changed through an AirTran Airways Telephone Reservations Center for an additional $15 per person. Fares, routes, and schedules are subject to change without notice. Fares shown do not include Airport Passenger Facility Charges of up to $18. The September 11th security fee of up to $10 is not included. Fares do not include segment taxes of $3.70 per segment. A segment is defined as a takeoff and a landing. Fares to/from Puerto Rico do not include additional government taxes of up to $32.20. Fares to/from Mexico and the Caribbean do not include additional government taxes of up to $100.

    Media Contact: AirTran Airways Christopher White Cynthia Tinsley-Douglas 678.254.7442

    AirTran Airways

    CONTACT: AirTran Airways, Christopher White or Cynthia Tinsley-Douglas,
    +1-678-254-7442

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




    Colliers International Further Expands in Indianapolis with Addition of Resource Commercial Real EstateGlobal Firm Strengthens Indianapolis Operations

    SEATTLE and INDIANAPOLIS, May 11 /PRNewswire/ -- Colliers International has marked another critical milestone in the evolution of its growing U.S. platform as it announced that Indianapolis' premier commercial real estate firm, Resource Commercial Real Estate, will be joining Colliers International. The addition of Resource Commercial Real Estate to the Colliers International platform comes on the heels of several recent Colliers announcements of expanded operations throughout the country.

    By joining Colliers International, Resource Commercial Real Estate will become part of one of the world's top tier real estate brands, with 15,000 employees operating out of more than 480 offices in 61 countries and with revenues of nearly $2 billion.

    "Colliers International is moving forward in our campaign to become the market leader in the United States, and the Resource Commercial Real Estate move to our platform marks another step towards achieving that goal," said Dylan Taylor, Chief Executive Officer of Colliers International in the U.S. "The Resource Commercial Real Estate professionals are well-known throughout the greater Indianapolis marketplace for their commitment to delivering quality services to their clients. With their local knowledge and expertise, Colliers International has strengthened its market position within one of the largest and most important Midwest real estate markets."

    The Resource Commercial Real Estate addition follows a series of similar and ongoing announcements that have vastly altered the commercial real estate services landscape. Earlier this year, Colliers International announced that it will combine operations and global real estate services platforms with FirstService Real Estate Advisors.

    "When we founded this firm five years ago, we were determined to consistently provide our clients with the highest level of service quality in the regional marketplace," said Tim O'Brien, President and Principal of Resource Commercial Real Estate. "By becoming part of a centrally operated and financially secure firm with a best-in-class services platform, our existing and new clients will immediately benefit from the news.

    The privately held and independent firm adopted the Colliers International name and branding on May 11. There will be no leadership or personnel changes at the firm.

    Resource Commercial Real Estate is a leading provider of office, industrial, retail, land, medical office and investment property brokerage. The firm also provides tenant/buyer representation, landlord advisory services, multi-market corporate real estate services, project management, consulting/advisory services, incentive procurement and build-to-suit services. Resource Commercial Real Estate was founded in 2005 and continues to be owned and managed by its five founding principals.

    About Colliers International

    Colliers International is the third largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. The latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate firm in the world.

    CONTACT: Parke Chapman, +1-212-889-0808, parke@themarino.org

    Colliers International

    CONTACT: Parke Chapman, +1-212-889-0808, parke@themarino.org, for
    Colliers International




    NetDragon Launches New Expansion Pack 'Legend Returns' for Conquer Online

    HONG KONG, May 11 /PRNewswire-Asia/ -- NetDragon Websoft Inc. ("NetDragon", with its subsidiaries collectively the "Group"; Stock Code: 777), a leading online game developer and operator in China, announced the official open beta launch for the brand-new Chinese expansion pack, "Legend Returns", for its flagship game Conquer Online.

    Following the successful launch of four previous EPs, "Legend Returns", the fifth Chinese EP for Conquer Online integrates ten innovations in terms of content. For example, the new arena, together with the BOSS and faction war systems, makes Conquer Online's battling scenes more spectacular. The improved second profession system complements and balances the game's profession portfolios. Meanwhile, the game updates routine quests, as well as new achievements and benefits systems, delivering a much more perfect game to players.

    Conquer Online, available in multiple language versions, has received an enthusiastic response from players all around the world. The new Chinese expansion pack provides optimized gameplay and balance to meet the needs of players, delivering enhanced playability. It is expected to attract an increasing number of new players, while enhancing the interest of existing players.

    About NetDragon

    NetDragon Websoft Inc. is a leading innovator and creative force in China's online gaming industry. Established in 1999, NetDragon has been operating and developing a broad range of MMORPGs since launching its first self-made title Monster & Me in 2002. In addition, NetDragon is China's pioneer in overseas expansion, having directly operated its titles in overseas markets since 2004 in English, Spanish, Arabic and other foreign languages.

    The Group's game portfolio comprises a range of massively multiplayer online games that cater to various types of players and gaming preferences. Current offerings include the games Way of the Five, Eudemons Online, Conquer Online, Zero Online, Heroes of Might & Magic Online, Disney Fantasy Online and Tian Yuan. The Group also has multiple games currently in development, including Dungeon Keeper Online, Doomsday, Cross Gate, Legend of the Dark and a new version of Ultima Online.

    NetDragon Websoft Inc.

    CONTACT: NetDragon Websoft Inc., Ms. Maggie Zhou (Investor Relations
    Department), +86-591-8754-3120, or ir@nd.com.cn or maggie@nd.com.cn

    Web site: http://www.nd.com.cn/ir




    Universal Travel Group Announces First Quarter 2010 Results

    SHENZHEN, China, May 11 /PRNewswire-Asia-FirstCall/ -- Universal Travel Group ("Universal Travel Group" or the "Company"), a growing travel services provider in China offering package tours, air ticketing, and hotel reservation services online and via customer service representatives, today announced financial results for the first quarter ended March 31, 2010.

    First Quarter 2010 Highlights -- Revenue increased 68.5% year-over-year to $26.1 million -- Excluding contribution of newly acquired businesses, revenue increased 34.5% year-over-year -- Gross profit increased 39.5% year-over-year to $8.5 million -- Gross margin was 32.5%, compared to 39.3% in the prior year period -- Income from operations was $5.4 million, compared to $4.2 million in the prior year period -- Adjusted income from operations, which excludes the effect of non-cash charges related to stock-based compensation of $0.3 million, was $5.8 million, compared to $4.4 million in the prior year period* -- GAAP net income from continuing operations was $4.1 million or $0.23 per diluted share, compared to $3.2 million or $0.23 per diluted share in the prior year period -- Adjusted net income from continuing operations, which excludes the effect of the non-cash gain on change in fair value of derivative liabilities of $0.1 million and the non-cash charge related to stock- based compensation of $0.3 million, was $4.3 million, or $0.24 per diluted share, compared to $3.3 million, or $0.24 per diluted share, in the prior year period* -- Acquired three travel agencies in China

    "Our strong first quarter performance was driven by organic revenue growth and the financial results from our three recent acquisitions," said Ms. Jiangping Jiang, Chairwoman and Chief Executive Officer. "Our organic sales growth was primarily driven by our successful efforts in cross-marketing and cross-selling our travel related products across our three business segments, along with the strong demand for travel as a result of the healthy Chinese economy and the continuing positive impact from the Chinese government's stimulus package. We also benefited from increased brand awareness from both our online presence and from the deployment of our TRIPEASY kiosks."

    First Quarter 2010 Financial Results

    Revenue for the three months ended March 31, 2010, was $26.1 million compared to $15.5 million for the same period in 2009, an increase of 68.5%. In March 2010, the Company completed the acquisitions of Huangshan Holiday Travel Service Co., Ltd. ("Huangshan Holiday"), Hebei Tianyuan International Travel Agency Co., Ltd. ("Tianyuan"), and Zhengzhou Yulongkang Travel Agency Co., Ltd. ("Yulongkang"). The revenue contribution from these three newly acquired subsidiaries in the first quarter of 2010 was $5.3 million, or 20.2% of the Company's total revenues for the quarter. Excluding the contribution of these newly acquired businesses, revenue for the first quarter of 2010 was $20.8 million, an increase of 34.5% from $15.5 million in the same period last year.

    Revenue from air-ticketing was $4.4 million, compared to $2.8 million for the same period last year, an increase of 61.3%. This increase was mainly due to the increased demand for air passenger transportation and sales from the Company's Chongqing subsidiary as consumers across China are traveling more as the domestic economy recovers. In order to capitalize on the opportunities arising from the economic promotion by the Chinese government of the mid and western regions of the PRC, the Company strategically set up Chongqing Universal Travel E-Business Co., Ltd. to strengthen its presence in that region in the second quarter of 2009. The Chongqing subsidiary began generating revenues in the third quarter of 2009.

    Revenue generated by the Company's hotel reservation segment was $3.2 million compared to $2.5 million for the same period in 2009, an increase of 25.2%. This increase was also due to healthy market demand and the Company's ability to successfully cross market across its three business segments.

    Revenue generated by package tours was $18.5 million compared to $10.2 million for the same period in 2009, an increase of 81.0% from the same period last year. This increase was a result of the three recent acquisitions, the recovery of the domestic economy, the positive impact from the government's stimulus package, and the Company's strong efforts in carrying our various marketing programs and campaigns.

    Gross profit was $8.5 million compared to $6.1 million for the same period last year, an increase of 39.5%. Gross profit margin for the first quarter of 2010 was 32.5% compared to 39.3% for the same period last year. The decrease in gross profit margin was primarily because the packaged tour business, which has a lower profit margin due to the way revenues are recognized, constituted a higher percentage of the Company's total revenues than during the prior year period.

    Selling, general and administrative ("SG&A") expenses totaled $3.1 million compared to $1.9 million for the same period last year, an increase of 65.1%. The SG&A expenses were 11.7% of revenue for the three months ended March 31, 2010, compared to 12.0% for the same period last year. General increase in selling, general and administrative expenses are in tandem with the growth in business operations during the three months ended March 31, 2010, as compared to the same period of last year. During the first quarter of 2010, the Company incurred extra professional fees and consolidation expenses for the three acquisitions. In addition, the slight increase in percentage was also due to the issuance of stock based compensation in early 2009 and the amortization of such stock based compensation, whereas the stock based compensation is less significant during the same period last year.

    Income from operations was $5.4 million compared to $4.2 million in the same period last year. The Company incurred non-cash charges related to stock- based compensation of $0.3 million in the first quarter of 2010 compared to $0.2 million in the prior year period. Excluding these non-cash charges, the Company's adjusted income from operations was $5.8 million for the first quarter of 2010, compared to $4.4 million in the prior year period. Adjusted operating margin was 22.1%.*

    Net income from continuing operations was $4.1 million, or $0.23 per diluted share, compared to $3.4 million, or $0.23 per diluted share, for the same period last year. Excluding the effect of the non-cash gain on change in fair value of derivative liabilities of $0.1 million and the non-cash charge related to stock-based compensation of $0.3 million, the Company's adjusted net income from continuing operations was $4.3 million, or $0.24 per diluted share, compared to $3.3 million, or $0.24 per diluted share, in the first quarter of 2009.*

    * See Table 1 for a reconciliation of operating income, net income and EPS to exclude the non-cash gain on change in fair value of derivative liabilities and the non-cash charge related to stock-based compensation. Financial Condition

    Cash and cash equivalents were $37.8 million as of March 31, 2010. Current assets and current liabilities as of March 31, 2010, were $69.8 million and $11.0 million, respectively, yielding working capital of $58.8 million. The Company has no long-term debt. For the quarter ended March 31, 2010, net cash provided by operating activities was $6.5 million.

    Recent Developments -- In March 2010, the Company acquired the following three travel agencies in China: (i) Huangshan Holiday for approximately $2.9 million, of which 80% was in cash and 20% in stock; (ii) Tianyuan for approximately $4.4 million, of which 80% was in cash and 20% in stock; and (iii) Yulongkang for approximately $5.7 million, of which 90% was in cash and 10% in stock. -- In April 2010, the Company entered into letters of intent to acquire the following four travel agencies in China for a total purchase consideration of $19.5 million: (i) Tianjin Hongxun Aviation Agency Co., Ltd.; (ii) Shanxi Jinyang Travel Agency Co., Ltd.; (iii) Kunming Business Travel Agency Co., Ltd.; and (iv) Shandong Century Aviation Development Co., Ltd. The combined unaudited 2009 revenue and net income for the four travel agencies were $23.0 million and $3.0 million, respectively. Business Outlook

    Ms. Jiang commented, "We are optimistic about our business prospects. Our main base of operations in Shenzhen in the Pearl River Delta region of China continues to perform well and the expansion of our business into Western China, through our second home base in the Chongqing Delta region is ramping up nicely. We are very pleased with our recently completed acquisitions as they were made at attractive valuations and enable Universal Travel Group to expand into additional under-penetrated domestic travel markets.

    "Our three newly acquired businesses are traditional travel agencies with a minimal online presence and the bulk of their business comes from selling package tours. As such, we see many opportunities to improve sales and profitability by expanding their online bookings and air ticketing and hotel reservation sales as we integrate these businesses and their customers into our wider travel platform over the coming weeks and months. We expect this initiative not only to increase sales, but also to help improve overall margin performance given that online bookings, air ticketing and hotel reservations all have higher margins than sales via customer service representatives and, given the way revenues are recognized, sales of package tours. We expect to see the results of our efforts as the year progresses and expect stronger overall margin performance in the second half of 2010 as a result of these initiatives, but also because the package tour business is seasonal and the third and fourth quarters typically outperform the first two quarters of the year.

    "We recently announced our intent to acquire an additional four travel agencies in China. These companies have a greater focus on air ticketing and hotel reservations versus package tours. Following the closing of these acquisitions, our geographic coverage will have expanded to ten provinces in mainland China and we are confident that these acquisitions will have a positive impact on our top and bottom line performance for the year and beyond."

    For full year 2010, the Company reiterates its previously issued guidance of achieving a growth rate range of between 45% and 55% in both revenues and net income, excluding the effect of non-cash charges related to the change in fair value of derivative liabilities and stock-based compensation. This guidance does not include any impact from the four companies the Company has announced it is in the process of acquiring.

    Use of Adjusted Financial Measures

    GAAP results for the three months ended March 31, 2010 include a non-cash gain on change in fair value of derivative liabilities and a non-cash charge related to stock-based compensation. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided adjusted financial information excluding the impact of these items in this release. It is a departure of U.S. GAAP; however, the Company's management believes that this adjusted measure provides investors with a better understanding of how the results relate to the Company's historical performance. A reconciliation of the adjustments to GAAP results appears in the table accompanying this press release. This additional adjusted information is not meant to be considered in isolation or as a substitute for GAAP financials. The adjusted financial information that the Company provides also may differ from the adjusted information provided by other companies.

    Conference Call Information

    The Company will host a conference call at 9:00 a.m. ET on Tuesday, May 11, 2010, to discuss the Company's financial results for the first quarter. To participate in the call, please dial +1 (877) 779-7834 five minutes prior to the start time (to allow time for registration) and reference conference ID number 72758960. International callers should dial +1 (706) 902-2087.

    A replay of the call will be available for 14 days beginning Tuesday, May 11, 2010, at 12:00 p.m. Eastern Time. To listen to the replay, dial +1 (800) 642-1687 and enter the conference ID number 72758960. International callers should dial +1 (706) 645-9291. An audio recording will also be available on the Company's website at http://us.cnutg.com/ .

    About Universal Travel Group

    Universal Travel Group is a leading travel service provider in China offering packaged tours, air ticketing, and hotel reservation services via the Internet and customer service representatives. The Company also operates TRIPEASY Kiosks, which are placed in shopping malls, office buildings, residential apartment buildings, and tourist sites. These kiosks are designed for travel booking with credit and bank cards, and serve as an advertising platform for Universal Travel Group. The Company's headquarters and main base of operations is located in Shenzhen in the Pearl River Delta region of China. More recently, Universal Travel Group has expanded its business into Western China, opening a second home base in the Chongqing Delta region, and other attractive, under-penetrated tier-two travel markets throughout the country. For more information on the Company, please visit http://us.cnutg.com/ .

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

    This press release contains certain statements that may include "forward-looking statements" within the meaning of federal securities laws. All statements, other than statements of historical facts, included herein are "forward-looking statements". Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. 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 the Company's ability to successfully expand its market presence and 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.

    Financial tables to follow * Table 1 UNIVERSAL TRAVEL GROUP RECONCILIATION OF ADJUSTED NET INCOME AND DILUTED EPS FROM CONTINUING OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND 2009 Three Months Ended Three Months Ended March 31, 2010 March 31, 2009 Net Income Diluted Net Income Diluted EPS EPS Adjusted Amount $4,317,022 $0.24 $3,301,584 $0.24 Stock-based compensation $336,632 $0.02 $165,001 $0.01 Gain on change in fair value of derivative liabilities $109,451 $0.01 $113,265 $0.01 GAAP amount per consolidated statement of income $4,089,841 $0.23 $3,249,848 $0.23 Weighted average number of shares - diluted 18,019,257 13,885,772 RECONCILIATION OF ADJUSTED INCOME FROM OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND 2009 Three Months Ended Three Months Ended March 31, 2010 March 31, 2009 Operating Income Operating Income Adjusted Amount $5,774,965 $4,404,013 Stock-based compensation $336,632 $165,001 GAAP amount per consolidated statement of income $5,438,333 $4,239,012 UNIVERSAL TRAVEL GROUP CONSOLIDATED BALANCE SHEETS MARCH 31, 2010 AND DECEMBER 31, 2009 3/31/2010 12/31/2009 ASSETS Restated Cash and cash equivalents $ 37,833,072 $ 36,677,422 Accounts receivable, net 18,832,395 17,321,174 Other receivables and deposits, net 1,839,624 257,907 Trade deposit 10,024,096 9,775,735 Advances 439,504 440,063 Prepaid expenses 49,076 216,727 Note receivable 738,457 1,711,392 Acquisition Deposits 4,077,921 Total Current Assets 69,756,224 70,478,341 Property, plant & equipment, net 5,711,196 4,992,677 Intangible assets 2,235,259 339,240 Goodwill 19,155,866 9,896,270 Total Noncurrent Assets 27,102,321 15,228,187 Total Assets $ 96,858,545 $ 85,706,528 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable and accrued expenses $ 8,187,468 $ 2,615,730 Customer deposits 1,555,445 2,000,117 Income tax payable 1,299,373 1,654,475 Total Current Liabilities 11,042,286 6,270,322 Derivative liability 1,705,868 1,815,319 Total Liabilities 12,748,154 8,085,641 Stockholders' Equity Common stock, $.001 par value, 70,000,000 shares authorized, 16,822,339 and 16,714,457 issued and outstanding at December 31, 2009 and 2008, respectively 16,929 16,714 Additional paid in capital 40,043,651 37,671,645 Other comprehensive income 1,474,390 1,645,133 Statutory reserve 570,329 372,144 Retained earnings 42,005,092 37,915,251 Total Stockholders' Equity 84,110,391 77,620,887 Total Liabilities and Stockholders' Equity $ 96,858,545 $ 85,706,528 UNIVERSAL TRAVEL GROUP CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE MONTH ENDED MARCH 31, 2010 2009 Restated Gross revenues $ 26,130,007 $ 15,510,679 Cost of services 17,628,033 9,416,596 Gross Profit 8,501,974 6,094,083 Selling, general and administrative expenses 3,063,641 1,855,071 Income from operations 5,438,333 4,239,012 Other income (expense) Other income 3,554 3,828 Gain on change in fair value of derivative liabilities 109,451 113,265 Interest income 23,631 10,939 Total other income (expense) 136,636 128,032 Income before income taxes - continuing operation 5,574,969 4,367,044 Provision for income taxes 1,485,128 1,117,196 Net income - continuing operation 4,089,841 3,249,848 Income from discontinued operations -- 131,693 Net income (loss) from discontinued operation -- 131,693 Net Income $ 4,089,841 $ 3,381,541 Net income per common share - continuing operations Basic $ 0.24 $ 0.23 Diluted $ 0.23 $ 0.23 Net income per common share - discontinued operations Basic $ -- $ 0.01 Diluted $ -- $ 0.01 Weighted average common shares outstanding Basic 16,930,221 13,873,969 Diluted 18,019,257 13,885,722 Net income $ 4,089,841 $ 3,249,848 Translation (170,743) 34,707 Comprehensive income $ 3,919,098 $ 3,284,555 UNIVERSAL TRAVEL GROUP CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTH ENDED MARCH 31, 2010 2009 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 4,089,841 $ 3,249,850 Add (deduct): Net income (loss) from discontinued operations -- 131,693 Income from continuing operations 4,089,841 3,381,543 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 166,134 87,283 Provision for doubtful accounts 24,931 9,205 Stock based compensation 336,632 165,000 Gain on change in fair value of derivative liabilities (109,451) (113,265) (Increase) / decrease in assets: Accounts receivable (1,132,812) (2,279,625) Other receivable (751,763) (176,658) Advances 559 (513) Prepaid expenses 213,586 123,111 Trade deposits (248,361) 2,003,342 Escrow deposits -- 600,499 Increase / (decrease) in current liabilities: Accounts payable and accrued expenses 5,238,163 718,269 Customer deposits (444,672) 366,025 Income tax payable (869,498) (784,295) 6,513,289 4,099,921 Net cash provided by discontinued operations -- 92,516 Net cash provided by operating activities 6,513,289 4,192,437 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property & equipment (619,616) (1,260,398) Purchase of intangibles (29,298) -- Proceeds from collection of notes 972,935 -- Acquisition deposits 4,077,921 -- Paid for acquisition - net of cash acquired (9,588,838) -- Net cash (used in) provided by continuing operations (5,186,896) (1,260,398) Net cash (used in) provided by discontinued operations -- -- Net cash (used in) provided by investing activities (5,186,896) (1,260,398) Effect of exchange rate changes on cash and cash equivalents (170,743) 34,707 Net change in cash and cash equivalents 1,155,650 2,966,746 Cash and cash equivalents, beginning balance 36,677,422 16,204,531 Cash and cash equivalents, ending balance $ 37,833,072 $ 19,171,277 SUPPLEMENTAL DISCLOSURES: Cash paid during the year for: Interest payments $ -- $ -- Income taxes $ 1,840,230 $ 1,929,630 Other non-cash transactions Purchased goodwill $ (9,259,596) -- Purchased intangible assets (1,982,354) -- Fair value of assets purchased less cash acquired (382,477) -- Acquisition financed with stock issuance 2,035,589 -- Acquisition paid for with cash - net of acquired $ (9,588,838) $ -- For more information, please contact: Company Contact: Mr. Jing Xie Secretary of Board and Vice President Universal Travel Group Tel: +86-755-8366-8489 Email: 06@cnutg.cn us.cnutg.com Investor Relations Contact: CCG Investor Relations Mr. Athan Dounis, Account Manager Tel: +1-646-213-1916 Email: athan.dounis@ccgir.com Mr. Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Web: http://www.ccgirasia.com/

    Universal Travel Group

    CONTACT: Jing Xie, Secretary of Board and Vice President,
    +86-755-8366-8489, 06@cnutg.cn or us.cnutg.com, of Universal Travel Group;
    Investor Relations Contact: Athan Dounis, Account Manager, +1-646-213-1916,
    athan.dounis@ccgir.com, or Crocker Coulson, President, +1-646-213-1915,
    crocker.coulson@ccgir.com, both of CCG Investor Relations

    Web site: http://us.cnutg.com/




    Elbit Systems Completes Acquisition of Azimuth Technologies' Shares

    HAIFA, Israel, May 11, 2010 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. announced today, further to its announcements on January 25, 2010, November 12, 2008 and October 28, 2008, that it completed the acquisition of the balance of shares in Azimuth Technologies Ltd. ("Azimuth") pursuant to the merger agreement signed by Azimuth and Elbit Systems' wholly owned subsidiary, Elbit Security Systems Ltd., in January 2010.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )

    In November 2008, Elbit Systems purchased 19% of Azimuth's shares. The purchase price for the balance of Azimuth's shares, following certain adjustments made in accordance with the merger agreement, is approximately US$ 41.5 million (155 million NIS).

    Under the terms of the merger agreement, an amount of approximately US$ 1.6 million (6 million NIS) of the purchase price will be held in trust, to be released to Azimuth's shareholders subject to the terms of the merger agreement.

    Azimuth is an Israeli company engaged mainly in the areas of navigation and target acquisition, fire coordination, north finding systems as well as electro-optics for defense and government solutions. Azimuth also has a subsidiary in the UK engaged in similar activities.

    About Elbit Systems

    Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios. The Company also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services.

    For additional information, visit: http://www.elbitsystems.com/.

    This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward Looking Statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation:scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others;differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.

    Company Contact: IR Contact: Joseph Gaspar, Executive VP & CFO Ehud Helft / Kenny Green Dalia Rosen, VP & Head of Corporate CCG Investor Relations Communications Tel: +1-646-201-9246 Elbit Systems Ltd E-mail:elbitsystems@ccgisrael.com Tel: +972-4-8316663 Fax: +972-4-8316944 E-mail: j.gaspar@elbitsystems.com dalia.rosen@elbitsystems.com

    Photo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 Elbit Systems Ltd

    CONTACT: Company Contact: Joseph Gaspar, Executive VP & CFO, Dalia
    Rosen, VP & Head of Corporate Communications, Elbit Systems Ltd, Tel:
    +972-4-8316663, Fax: +972-4-8316944, E-mail: j.gaspar@elbitsystems.com,
    dalia.rosen@elbitsystems.com; IR Contact: Ehud Helft / Kenny Green, CCG
    Investor Relations, Tel: 1-646-201-9246, E-mail:elbitsystems@ccgisrael.com




    Gold Fields and Buenaventura Announce Major Gold Discovery in Southern Peru

    JOHANNESBURG, May 11, 2010 /PRNewswire-FirstCall/ -- Chucapaca's joint venture partners, Gold Fields Limited (51%) (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) and Compania de Minas Buenaventura S.A.A. (49%) (Buenaventura, BVN), are pleased to announce the discovery of a major gold-copper-silver deposit in their Chucapaca project area (CPA) in southern Peru.

    Called the Canahuire deposit, it has a Mineral Resource estimate of 5.6 million gold equivalent ounces[1] (Table 1), with mineralisation potential beyond the extent of current drilling. The Inferred Mineral Resource for Canahuire is approximately 83.7 Mt at 1.9 g/t gold, 0.09% copper and 8.2 g/t silver for a total of 5.6 million gold equivalent (AuEq1) ounces.

    Table 1: Chucapaca Project, Canahuire Deposit Inferred Mineral Resource (1 May 2010)*

    Tonnes Grade Au Grade Ag Grade Grade AuEq1 Metal AuEq1 (Mt) (g/t) (g/t) Cu (%) (g/t) (Moz) 83.7 1.9 8.2 0.09 2.1 5.6

    * These Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Attributable metal to Gold Fields and Buenaventura is 2.9 Moz AuEq1 and 2.8 Moz AuEq1, respectively. The Mineral Resource is reported at a 0.67 g/t gold equivalent cut-off grade constrained within an optimised pit shell. The pit shell is based on price assumptions of US$1,150/oz gold, US$3.00/lb copper and US$17/oz silver. The Mineral Resource estimate, which is reported in accordance with the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves, 2007 Edition (SAMREC code), is reported without dilution or ore loss.

    In a joint statement Nick Holland, Chief Executive Officer of Gold Fields, and Roque Benavides, Chief Executive Officer of Buenaventura, said: "Canahuire is a highly promising gold discovery in an emerging gold district in South America. Geological indications are that there is significant upside at the Canahuire deposit, as well as at other targets within the project area. This is an important growth opportunity for Gold Fields and Buenaventura, and, could also make a significant contribution to the economic development of our community partners in the Moquegua region."

    The Canahuire deposit is one of several targets in the 12,700 ha CPA, which is on average 4,800 m high and located in the Altiplano area of southern Peru, 120 km northeast of the city of Moquegua. Both joint venture partners have independently consolidated a significant portfolio of concessions adjacent to the CPA and are advancing exploration on these concessions.

    Tommy McKeith, Executive Vice president for Exploration and Business Development of Gold Fields commented: "Delineating a 5.6 Moz AuEq1 resource in only 18 months from the first hole is a remarkable achievement by the exploration team. The Canahuire interim scoping study is on track for completion by June 2010 and, subject to a positive economic outcome, we will commence pre-feasibility in July 2010."

    "While our initial focus is on the Canahuire deposit, we will at the same time continue to explore the potential of the rest of the CPA," said Cesar Vidal, Buenaventura's Executive Vice President for Exploration.

    The geometry of mineralisation in Canahuire indicates it is amenable to open-pit mining. The proposed process consists of crushing and grinding with flotation to produce a smelter-grade copper-gold concentrate followed by carbon in leach (CIL) extraction from flotation tails. Recovery assumptions are for 77% gold, 82% copper and 44% silver recoveries respectively.

    The joint venture partners' confidence in the success of Chucapaca is based on the following factors:

    - Drillhole sample and grade analysis data used in the Mineral Resource estimate have been verified through quality assurance and quality control programmes. - The resource estimation has been independently audited by AMEC, which has also been engaged to complete the Interim Scoping Study. - The Mineral Resource is relatively insensitive to variations in metal prices and operating costs. A 25% decrease in metal pricing results in a 13.0% decrease in Mineral Resource tonnes, a 9.3% improvement in average AuEq1 grade and a 4.9% decline in AuEq1 ounces above cut-off grade.

    The joint venture company, Canteras del Hallazgo S.A.C (CDH), recently filed a modification to the Environmental Impact Assessment with the Peru Ministry of Energy and Mines to permit expanded activities for further scoping and in-fill drilling and, which details the company's commitment to environmental best practice. Drilling activities will recommence after permitting approval is obtained, which is expected by July 2010, and will focus on defining extensions of mineralisation towards the west. In the interim drilling is underway to test other exploration targets within the CPA.

    Since exploration started at Chucapaca, CDH has worked closely with key stakeholders, particularly local communities, by providing open and transparent information. Agreements have been reached with the Corire, Santiago de Oyo Oyo and Chucapaca communities, which facilitate the continuation of exploration activities and studies. These agreements provide for health and education programmes in collaboration with the appropriate authorities, sustainable development programmes identified by the communities, participatory work and a variety of training initiatives.

    1 Gold equivalent grade was calculated based on gold, silver and copper grades normalised to the differentials of metal prices and recoveries for silver and copper (detailed in this release). Assuming the metal prices net of offsite costs and recoveries as listed in this release.

    NOTES TO EDITORS About Gold Fields

    Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.6 million ounces per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the Euronext in Brussels (NYX) and the Swiss Exchange (SWX). For more information please visit the Gold Fields website at http://www.goldfields.co.za/.

    About Buenaventura

    Compania de Minas Buenaventura S.A.A. is Peru's largest, publicly traded, precious metal company and a major holder of mining rights in Peru. The Company is engaged in the mining, processing, development and exploration of gold and silver and other metals via wholly owned mines, as well as through its participation in joint exploration projects. Buenaventura's annual gold equivalent production is 1.2 million ounces. It currently operates several mines in Peru (Orcopampa, Poracota, Uchucchacua, Antapite, Julcani and Recuperada) and has controlling interests in two mining companies (CEDIMIN and El Brocal), as well as minority interests in several other mining companies in Peru. The Company owns 43.65% in precious metal producer Minera Yanacocha S.R.L., a partnership with Newmont Mining Corporation, and 19.26% in Sociedad Minera Cerro Verde, an important Peruvian copper producer. Buenaventura is listed on the New York Stock Exchange (NYSE). For more information please visit the website at http://www.buenaventura.com/.

    The information in this media release that relates to the Mineral Resources is based on information compiled by Matthew Dusci, AIG, Exploration Manager Peru and General Manager CDH, who has overall responsibility and accountability for the Canahuire Project, in terms of the SAMREC Code 2007. Alex Trueman, P.Geo., MAusIMM(CP), Principal Resource Geologist, is accountable for the Mineral Resource estimation. Both are full time employees of Gold Fields and qualify as Competent Persons as defined in the SAMREC Code. Mr Dusci and Mr Trueman consent to the inclusion in the press release of the matters based on their information in the form and context in which it appears.

    The United States Securities and Exchange Commission (SEC) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce from. Certain terms are used in this release, such as "Mineral Resource", that the SEC guidelines strictly prohibit companies from including in filings. US investors are urged to consider closely the disclosure in our Form 20-F.

    Gold Fields Limited

    CONTACT: Enquiries to Gold Fields: Investors: Willie Jacobsz, Tel +1
    508 839-1188, Mobile +1-857-241-7127, Email Willie.Jacobsz@gfexpl.com ; Nikki
    Catrakilis-Wagner, Tel +27 11 562-9706, Mobile +27(0)83-309-6720, Email
    Nikki.Catrakilis-Wagner@goldfields.co.za ; Media: Sven Lunsche, Tel
    +27-11-562-9763, Mobile +27(0)83-260-9279, Email
    Sven.Lunsche@goldfields.co.za . Enquiries to Buenaventura: Carlos Galvez, Tel
    +51-1-419-2540, Email cegalvez@buenaventura.com.pe ; Daniel Dominguez, Tel
    +51-1-419-2536, Email ddominguez@buenaventura.com.pe .




    William Hill - Ready to Take Online Betting Into Other Geographies

    LONDON, May 11, 2010 /PRNewswire/ -- William Hill CEO Ralph Topping reflects on two years at the helm of sports better William Hill and sets out his vision for the future of the business.

    In an interview on http://www.cantos.com, Mr Topping underlines his commitment to retain the number one position in retail in the UK, and to remain among the top three within Europe for online betting.

    He cautions the consumer will still be under pressure in the coming year and that the business will be cautious, especially in retail and in the bricks and mortar environment.

    The sports betting boss expects to see online maintaining a strong growth rate throughout 2010.

    The interview and transcript are available now on http://www.cantos.com.

    Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email amanda.alexander@cantos.com or phone +44-207-936-1352.

    William Hill

    If you would like to contact us, please email amanda.alexander@cantos.com or phone +44-207-936-1352.




    Thomson Reuters Launches Disruptive Financial Video ExperienceNew Interactive Platform Revolutionizes News and Research Consumption

    NEW YORK, May 11 /PRNewswire/ -- Thomson Reuters today announced the launch of Reuters Insider, an interactive on-demand video platform designed to change the way financial professionals consume and distribute news, research and information.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090507/NY12658LOGO )

    This unique video experience transforms financial programming from a passive one-way broadcast into a highly collaborative and personalized medium. Powered by original and exclusive programming from Reuters and more than 150 trusted content partners globally, Reuters Insider offers financial professionals the opportunity to make industry-specific video actionable by cutting through the clutter and providing access to the news and information they want, when they want it.

    "The breadth and depth of Reuters global editorial coverage has allowed us the opportunity to create something truly unique," said David Schlesinger, Reuters Editor-in-Chief. "By leveraging our 2,800 journalists worldwide, Reuters Insider provides our clients with global financial market news and the credibility that accompanies local access and knowledge."

    Reuters Insider will also for the first time equip firms with the tools to self-broadcast research, market commentary, morning calls and trade ideas straight to the desktops and mobile phones of Thomson Reuters customers, via their own branded channels, as part of the firm's commitment to building a global financial markets community.

    "Today's generation of financial professionals access and act on information in a whole new way," said Devin Wenig, CEO, Thomson Reuters Markets. "Reuters Insider was built to give our clients a competitive advantage and arm them with the multimedia tools needed to work faster and smarter."

    Reuters Insider is a key component in Thomson Reuters New Era, New Tools Innovation Program, which is designed to address the challenges faced by the financial services community. It follows the recent launch of Elektron, Thomson Reuters new high speed data distribution network, and will be fully integrated into Thomson Reuters Eikon, the company's next-generation information desktop offering due to launch later this year. Reuters Insider will be available to premium subscription clients.

    About Reuters

    Reuters, the news and media division of Thomson Reuters, is the world's largest international multimedia news provider touching more than 1 billion people a day. Reuters provides unbiased business, financial, national and international news to professionals via Thomson Reuters desktops, the world's media organizations, as well as directly to affluent business professionals through Reuters.com and other digital platforms.

    Thomson Reuters

    Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to http://www.thomsonreuters.com/.

    CONTACTS Courtney Dolan Head of Public Relations, Editorial +1 646 223 8406 Courtney.Dolan@thomsonreuters.com

    Photo: http://www.newscom.com/cgi-bin/prnh/20090507/NY12658LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Thomson Reuters

    CONTACT: Courtney Dolan, Head of Public Relations, Editorial,
    +1-646-223-8406, Courtney.Dolan@thomsonreuters.com

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




    Verizon Business Introduces New Model for Cloud-Based SecuritySecurity-as-a-Service Portfolio Offers More Simplicity, Flexibility and Cost-Effectiveness Than Traditional Security Offerings

    BASKING RIDGE, N.J., May 11 /PRNewswire/ -- Verizon Business unveiled on Tuesday (May 11) a new global, cloud-based security-as-a-service portfolio that offers enterprises the ability to quickly and easily add robust security services - with just the click of a mouse - and avoid purchasing expensive equipment.

    Unlike many other managed security services, the new portfolio is not dependent on premises-based equipment. Instead, Verizon's offering is delivered via the company's global IP network. Customers can quickly and easily secure new locations with the latest security technology by using a centralized management console that allows for real-time provisioning and administration.

    "Our new security platform represents a significant shift in how we are delivering security services to large and mid-size clients," said Peter Tippett, vice president of technology and innovation at Verizon Business. "By offering security-as-a-service, enterprises can tailor their security solutions to meet the unique needs of their business, with the ability to strengthen their security protection at a moment's notice."

    These new offerings are ideal for geographically dispersed multinational companies that need to deploy security protection quickly and want to avoid the time and expense of buying, shipping and deploying equipment around the globe. The services are also well-suited for companies in the retail, financial and health care sectors that have multiple locations, as well as mid-tier firms.

    According to Principal Analyst Amy DeCarlo of Current Analysis, "With its in-the-cloud offerings, Verizon is blazing a trail in security with its leading approach that capitalizes on the best elements of the cloud model to support dynamic service delivery."

    The in-the-cloud services complement Verizon's existing managed security services (MSS) portfolio. An enterprise can choose in the cloud, on-premises or a hybrid of the two solutions, based on the enterprise's needs and current security setup.

    Phased Approach to Rolling Out Cloud-Based Services New cloud-based security services will be rolled out in three phases: -- Beginning in June, Verizon public IP, as well as Private IP customers with Secure Gateway, can leverage the new cloud-based MSS to gain anti-virus, anti-spam, anti-malware and URL filtering services. These "clean pipe" services will be integrated into Verizon's networking offerings at no additional charge to customers. -- Beginning this fall, Verizon will offer cloud-based support for network firewalls and intrusion detection and prevention systems. These services will be available separately and can be used to protect Verizon networking offerings as well as connections from other providers. -- Beginning early next year, Verizon will make its enterprise-level Denial of Service (DOS) detection and mitigation services available in the cloud. This will offer mid-to-large organizations more control and flexibility via the company's online portal.

    Verizon MSS in the cloud will be powered by Verizon's IP global network, one of the most expansive networks in the world and supported by eight security service data centers located throughout the world.

    Converged IP and IT Services Via a Cloud-Based Model

    Verizon is leading the industry toward an "everything-as-a-service" (EaaS) model where cloud-based converged solutions are securely delivered through managed and professional services over the company's global IP network. Verizon is assembling the key components of that powerful approach to serving enterprises, and its new security-as-a-service model is another step forward. The EaaS platform - with Verizon's global IP network and data centers as its foundation - will enable enterprises to do business better by getting what they need, when they need it, where they need it.

    About Verizon Business

    Verizon Business, a unit of Verizon Communications , is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees - enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments - including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions - rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com/.

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

    Verizon Business

    CONTACT: Brianna Carroll Boyle, +1-703-859-4251,
    brianna.boyle@verizon.com, or Clare Ward, +44(0)118-905-3501,
    clare.ward@uk.verizonbusiness.com, or Junaidah Dahlan, +65-6248-6827,
    junaidah.dahlan@sg.verizonbusiness.com

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

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




    Gulf Resources Reports First Quarter 2010 Results

    NEW YORK and SHANDONG, China, May 11 /PRNewswire-Asia-FirstCall/ -- Gulf Resources, Inc. ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its financial results for the first quarter ended March 31, 2010.

    First Quarter 2010 Highlights -- Revenue was $29.7 million, a year-over-year increase of 25.6% -- Gross profit was $13.5 million, a year-over-year increase of 33.3% -- Gross margin increased to 45.3% from 42.7% for the first quarter of 2009 -- Income from operations was $11.1 million, a year-over-year increase of 24.7% -- Operating margin was 37.2% compared to 37.5% for the first quarter of 2009 -- Net income was $8.0 million, or $0.23 per basic and diluted share, an increase of 22.3% from $6.5 million, or $0.23 per basic and diluted share a year ago -- Cash totaled $55.6 million as of March 31, 2010 First Quarter 2010 Results

    "Our strong performance for the first quarter was mainly due to the positive pricing environment for bromine. For the first quarter 2010, our average selling price for bromine was $2,470 per metric ton, an increase of 39.1% from the corresponding quarter last year. Bromine prices have since continued to increase, mainly due to the asymmetry between growing demand for and limited supply of the raw material in China. However, due to the extremely cold weather in Shandong this winter, production volumes were slightly lower than anticipated due to increased downtime of production equipment. This affected the bromine industry as a whole in Shandong," said Xiaobin Liu, the Chief Executive Officer of Gulf Resources. "Our new pesticide intermediate chemicals and the strong demand for our environmentally friendly oil and gas exploration chemicals boosted growth of our chemical products segment. Throughout the first quarter, we have continued taking measures to raise the profile of our chemical products segment through the introduction of new, more value-added products. The construction of a new chemical production line focusing on intermediates for wastewater treatment chemicals is progressing according to plan with expected production start in July 2010."

    Gulf Resources' revenue was $29.7 million for the first quarter of 2010, an increase of 25.6% from $23.6 million for the first quarter of 2009. The increase in net revenue was primarily attributable to growth in the Company's bromine and crude salt segment as a result of the increased sales price of bromine and crude salt. Revenue from the bromine and crude salt product segment was $19.9 million, or 67.0% of total revenue for the first quarter of 2010, an increase of 28.1% from $15.5 million last year.

    Revenue from the chemical products segment was $9.8 million, or 33.0% of total revenue, for the first quarter of 2010, an increase of 20.9% from $8.1 million in the corresponding period last year. The increase in revenue from the Company's chemical product segment was mainly due to increased demand for the Company's environmentally friendly additive products, solid lubricant and polyether lubricant, for use in oil and gas field exploration and the Company's improved pesticide intermediate products.

    Gross profit for the first quarter of 2010 totaled $13.5 million, compared to $10.1 million for the first quarter of 2009 and gross profit margin for the three months ended March 31, 2010 was 45.3%, compared to 42.7% for the corresponding three-month period last year. The improved gross profit margin was due to an increase in net revenue, which enabled the Company to leverage its fixed costs, as well as a lower inflation of raw material prices compared with the selling prices of the Company's products.

    Selling, general and administrative expenses for the first quarter of 2010 were $2.3 million, compared with $1.1 million for the first quarter of 2009. The increase was mainly due to non-cash stock compensation expenses relating to incentive stock options granted to key managers who have contributed to the Company's success. Research and development expenses were $0.1 million, unchanged from the first quarter of 2009.

    As a result, income from operations for the first quarter of 2010 was $11.1 million, an increase of 24.7% compared with $8.9 million for the corresponding quarter of 2009. Operating margin was 37.2% for the first quarter of 2010, compared with 37.5% for the first quarter of 2009.

    For first quarter of 2010, the Company incurred other income of $75,585 compared with other expense of $4,980 for the corresponding quarter last year.

    Income taxes were $3.1 million for the first quarter of 2010, an increase of 34.7% from $2.3 million for the first quarter of 2009. The Company's effective income rate was 28.2% compared to 26.3% in the year ago period. The Company's effective income tax rate increased due to the recognition of non- cash stock compensation expenses, which are not allowed to be deducted for income tax purposes.

    Net income was $8.0 million for the first quarter of 2010, an increase of 22.3% from $6.5 million for the first quarter of 2009. Basic and diluted earnings per share in first quarter of 2010 were $0.23 compared to $0.23 per basic and diluted share in the first quarter of 2009.

    Weighted average number of diluted shares for the three months ended March 31, 2010 was 34,762,991 compared with 28,763,044 for the three months ended March 31, 2009.

    Financial Condition

    As of March 31, 2010, Gulf Resources had cash of $55.6 million, current liabilities of $11.9 million, and shareholders' equity $143.6 million. At quarter end, the Company had working capital of $58.9 million and a current ratio of 6.0. For the three months ended March 31, 2010, the Company generated $12.3 million in cash flow from operations, primarily attributable to net income, and used $4.4 million in investing activities, mainly due to the construction of a new chemical additives production line for waste water treatment chemicals. In the second quarter, the Company's plans to invest an additional $2.9 million for the construction of this line. The Company plans to introduce additives for wastewater treatment chemicals that utilize bromine in their formulation in July 2010.

    Recent Developments

    In April 2010, the Company announced that it passed the Class 1 supplier audits of China Petroleum & Chemical Corporation ("Sinopec") and PetroChina Company Ltd. ("PetroChina") for the fifth and seventh consecutive year, respectively.

    In April 2010, the Company also announced that the construction of a production line for wastewater treatment chemical additives at its SYCI location is proceeding according to plan. The Company expects to complete the process and start production in July 2010 and expects that it will contribute approximately $9 to $10 million in revenues in the first year of operation with an estimated gross profit margin over 40% going forward.

    Business Outlook

    Gulf Resources expects the expansion of traditional end user markets, such as pesticide, papermaking, pharmaceutical and flame retardant production to continue supporting bromine prices in the near and intermediate term. The Company expects bromine demand in China to follow general domestic economic conditions.

    Since the end of the first quarter, improved weather conditions have allowed bromine production to return to normal in the Shandong province, and the Company has resumed operating at its usual rate of 75-80% of full utilization.

    "The current pricing environment is extremely supportive of bromine producers. As it takes approximately three months for our contract prices to fully absorb changes in market prices, we expect to see continued strong performance from our bromine and crude salt segment for the upcoming quarters. Moreover, the increased production due to milder weather has allowed us to fill orders that were pushed back in first quarter," said Mr. Liu. "Expanding our production capacity remains an integral part of our growth strategy, and we expect to close an additional two bromine production asset acquisitions in 2010. Our acquisition strategy is supported by our strong cash balance."

    In addition to increasing bromine production capacity, the Company also plans to move downstream in the bromine market by integrating its business segments. The introduction of additives for wastewater treatment chemicals that utilize bromine in their formulation is the first step to commercialize chemical products that utilize the Company's bromine resources as raw material.

    The Company reiterates guidance of revenue between $146 million and $150 million and net income between $44 million and $46 million for fiscal year 2010.

    Conference Call

    Gulf Resources' management will host a conference call Tuesday, May 11, 2010 at 7:00 AM Eastern Time to discuss its financial results for the first quarter 2010 ended March 31, 2010.

    Hosting the call will be Mr. Xiaobin Liu, CEO of Gulf Resources and Mr. David Wang, VP Finance of Gulf Resources.

    To participate in this live conference call, please dial +1 (877) 440-3774 five to ten minutes prior to the scheduled conference call time. International callers should call +1 (706) 902-4014. The conference participant pass code is 74144212.

    A replay of the conference call will be available for 14 days starting from 9:00 AM EDT on Tuesday, May 11, 2010. To access the replay, call +1 (800) 642-1687. International callers should call +1 (706) 645-9291. The pass code is 74144212.

    This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on http://www.gulfresourcesinc.cn/events.html . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.

    About Gulf Resources, Inc.

    Gulf Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC") and Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"). The Company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil & gas field explorations and as papermaking chemical agents. For more information, visit http://www.gulfresourcesinc.cn/ .

    Forward-Looking Statements

    Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.

    -- Financial tables to follow -- GULF RESOURCES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Expressed in U.S. dollars) March 31, December 31, 2010 2009 Current Assets (Unaudited) (Audited) Cash $ 55,571,241 $ 45,536,735 Accounts receivable 14,194,076 14,960,002 Inventories 597,009 650,332 Prepayment and deposit 229,267 233,330 Prepaid land lease 51,356 46,133 Deferred tax asset 87,283 85,672 Other receivable 2,289 2,195,208 Total Current Assets 70,732,520 63,707,412 Property, plant and equipment, net 83,985,334 81,993,894 Prepaid land lease, net of current portion 718,487 721,862 Total Assets $155,436,341 $146,423,168 Liabilities and Stockholders' Equity Current Liabilities Accounts payable and accrued expenses 6,057,340 $ 5,823,745 Retention payable 660,150 660,150 Due to related parties 1,190 1,190 Taxes payable 5,155,325 5,555,113 Total Current Liabilities 11,874,005 12,040,198 Total Liabilities 11,874,005 12,040,198 Stockholders' Equity PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized none outstanding $ -- $ -- COMMON STOCK; $0.0005 par value; 100,000,000 shares authorized; 34,569,447 and 34,541,066 shares issued and outstanding as of March 31, 2010 and December 31, 2009, respectively 17,285 17,271 Additional paid in capital 65,924,978 64,718,026 Retained earnings unappropriated 67,800,425 59,808,289 Retained earnings appropriated 5,679,769 5,679,769 Cumulative translation adjustment 4,139,879 4,159,615 Total Stockholders' Equity 143,562,336 134,382,970 Total Liabilities and Stockholders' Equity $155,436,341 $146,423,168 GULF RESOURCES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Expressed in U.S. dollars) (UNAUDITED) Three Months Ended March 31, 2010 2009 NET REVENUE Net sales $ 29,693,418 $ 23,633,538 OPERATING EXPENSES Cost of net revenue (16,235,499) (13,540,940) General and administrative expenses (2,277,492) (1,099,380) Research and development cost (125,202) (124,969) (18,638,193) (14,765,289) INCOME FROM OPERATIONS 11,055,226 8,868,249 OTHER INCOME (EXPENSES) Interest expense (174) (27,009) Interest income 53,761 22,029 Sundry income 21,998 -- INCOME BEFORE INCOME TAXES 11,130,810 8,863,269 INCOME TAXES - current (3,138,674) (2,330,155) NET INCOME $ 7,992,136 $ 6,533,114 EARNINGS PER SHARE BASIC $ 0.23 $ 0.23 DILUTED $ 0.23 $ 0.23 WEIGHTED AVERAGE NUMBER OF SHARES BASIC 34,561,233 28,763,044 DILUTED 34,762,991 28,763,044 GULF RESOURCES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Expressed in U.S. dollars) (UNAUDITED) Three Months Ended March 31, 2010 2009 NET INCOME $ 7,992,136 $ 6,533,114 OTHER COMPREHENSIVE INCOME Foreign currency translation adjustment 19,734 (49,438) COMPREHENSIVE INCOME $ 8,011,870 $ 6,483,676 GULF RESOURCES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Expressed in U.S. dollars) (UNAUDITED) Three Months Ended March 31, 2010 2009 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 7,992,136 $ 6,533,114 Adjustments to reconcile net income Amortization of warrants -- 238,027 Amortization of prepaid expenses 22,057 3,957 Depreciation and amortization 2,377,621 1,469,822 Stock-based compensation expense 1,188,966 -- Deferred tax asset (1,609) -- Bad debt provision -- 64,117 Changes in assets and liabilities Accounts receivable 772,311 (1,059,675) Inventories 53,304 (82,293) Prepayment and deposit 4,129 105,421 Other receivable -- -- Accounts payable and accrued expenses 251,535 2,238,313 Taxes payable (312,408) (382,458) Net cash provided by operating activities 12,348,042 9,128,345 CASH FLOWS USED IN INVESTING ACTIVITIES Additions of prepaid land lease (23,912) -- Purchase of Property, plant and equipment (4,399,500) (10,019,262) Net cash used in investing activities (4,423,412) (10,019,262) CASH FLOWS PROVIDED BY FINANCING ACTIVITIES Proceeds from exercising stock options 18,000 -- Proceeds from private placement 2,192,919 -- Net cash provided by financing activities 2,210,919 -- EFFECTS OF EXCHANGE RATE CHANGE ON CASH & CASH EQUIVALENTS (101,043) (36,709) NET INCREASE IN CASH & CASH EQUIVALENT 10,034,506 (927,626) CASH & CASH EQUIVALENT - BEGINNING OF PERIOD 45,536,735 30,878,044 CASH & CASH EQUIVALENT - END OF PERIOD $ 55,571,241 $ 29,950,418 For more information, please contact: Gulf Resources, Inc. David Wang, VP of Finance Email: gfre.2008@vip.163.com Helen Xu Email: beishengrong@vip.163.com Web: http://www.gulfresourcesinc.cn/ CCG Investor Relations Ms. Linda Salo, Sr. Financial Writer Phone: +1-646-922-0894 Email: linda.salo@ccgir.com Mr. Crocker Coulson, President Phone: +1-646-213-1915 Email: crocker.coulson@ccgir.com Web: http://www.ccgirasia.com/

    Gulf Resources, Inc.

    CONTACT: Gulf Resources, Inc.: David Wang, VP of Finance,
    gfre.2008@vip.163.com; or Helen Xu, beishengrong@vip.163.com; or CCG Investor
    Relations: Ms. Linda Salo, Sr. Financial Writer, +1-646-922-0894, or
    linda.salo@ccgir.com; or Mr. Crocker Coulson, President, +1-646-213-1915, or
    crocker.coulson@ccgir.com

    Web site: http://www.gulfresourcesinc.cn/
    http://www.gulfresourcesinc.cn/events.html




    Allot Communications Reports 33% Increase in Revenues to $12.5 Million for the First Quarter of 2010Company Achieves $0.01 EPS on a Non-GAAP Basis

    HOD HASHARON, Israel, May 11, 2010 /PRNewswire-FirstCall/ -- Allot Communications Ltd. , a leading supplier of service optimization and revenue generation solutions for fixed and mobile broadband service providers worldwide, today announced that it has moved to profitability on a non-GAAP basis for the first quarter of 2010, as it reported its financial results for the first quarter ended March 31, 2010.

    Key highlights: - First quarter revenues reached $12.5 million, a 33% increase over the first quarter of 2009 - First quarter non-GAAP net income of $177,000, as Company achieved profitability - Cash, cash equivalents, deposits and investments in marketable securities increased to $55.9 million - Allot receives additional $8 million in orders from a global Tier 1 mobile operator during the quarter

    Total revenues for the first quarter of 2010 reached $12.5 million, a 33% increase from the $9.4 million of revenues reported in the first quarter of 2009, and an 8% increase from the $11.5 million revenues reported for the fourth quarter of 2009. On a GAAP basis, net loss for the first quarter of 2010 was $446,000, or $0.02 per share (basic and diluted). This compares with net loss of $2.9 million, or $0.13 per share (basic and diluted), in the first quarter of 2009, and a net loss of $1.5 million, or $0.07 per share (basic and diluted), in the fourth quarter of 2009.

    On a non-GAAP basis, excluding the impact of share-based compensation, amortization and ARS devaluation and recoveries, non-GAAP net income for the first quarter of 2010 totaled $177,000 or $0.01 per share (basic and diluted), compared with a non-GAAP net loss of $776,000, or $0.04 per share (basic and diluted), for the first quarter of 2009 and non-GAAP income of $19,000, or $0.00 per share (basic and diluted), for the fourth quarter of 2009. These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. A full reconciliation between GAAP and non-GAAP results is provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because it believes that they present a better measure of the Company's core business and management uses the non-GAAP measures internally to evaluate the Company's ongoing performance. Accordingly, the Company believes that they are useful to investors in enhancing an understanding of the Company's operating performance.

    "As we anticipated, revenues continued to grow in the quarter, and we are pleased to report reaching profitability, while also improving our cash position," commented Rami Hadar, Allot Communications' President and Chief Executive Officer. "During the quarter we received an additional $8 million in orders from the global Tier 1 mobile operator we have been reporting on for the past year, bringing total orders from this customer to $25 million, representing Allot's largest deployment to date. With our strong solution offering, we continue to maintain our leadership in the growing mobile market."

    Recently, the Company achieved the following significant goals: - During the quarter, concluded 14 large deals with service providers, of which 8 represented new customers and 6 represented expansion deals; - Of these deals, 8 were with mobile operators; - Concluded its first deployment of its new Cellwise solution, which provides a centralized policy and traffic control solution to solve cell congestion in mobile data networks.

    As of March 31, 2010, cash, cash equivalents, deposits and investments in marketable securities totaled $55.9 million. Recent external valuations showed a decrease in value of certain ARS in the Company's portfolio as of the end of the first quarter. As a result, the Company recorded an unrealized net loss of $0.4 million to other comprehensive income in its shareholders' equity, leaving the Company with a total of $14.1 million in ARS at the end of the quarter.

    Conference Call & Webcast

    The Allot management team will host a conference call to discuss its first quarter 2010 earnings results on Tuesday, May 11, 2010, at 8:30 AM EDT, 3:30 PM Israel time. The quarterly results will be published prior to the conference call.

    To access the conference call, please dial one of the following numbers: US: +1 212-444-0412, International: +44(0)20-7806-1953, Israel: +972 3721 9509.

    A replay of the conference call will be available from 12:01 am EDT on May 12, 2010 through June 12, 2010 at 11:59 pm EDT. To access the replay, please dial: +44(0)20-7111-1244, access code: 4042379#.

    A live webcast of the conference call can be accessed on the Allot Communications website at http://www.allot.com/. The webcast will also be archived on the website following the conference call.

    About Allot Communications

    Allot Communications Ltd. is a leading provider of intelligent IP service optimization solutions for fixed and mobile broadband operators and large enterprises. Allot's rich portfolio of solutions leverages dynamic actionable recognition technology (DART) to transform broadband pipes into smart networks that can rapidly and efficiently deploy value added Internet services. Allot's scalable, carrier-grade solutions provide the visibility, topology awareness, security, application control and subscriber management that are vital to managing Internet service delivery, enhancing user experience, containing operating costs, and maximizing revenue in broadband networks. For more information, please visit http://www.allot.com/.

    Safe Harbor Statement

    Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Company's plans, objectives and expectations for future operations. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: changes in general economic and business conditions and, specifically, a decline in demand for the Company's products; the Company's inability to develop and introduce new technologies, products and applications; loss of market; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    TABLE - 1 ALLOT COMMUNICATIONS LTD. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except share and per share data) Three Months Ended March 31, 2010 2009 (Unaudited) Revenues $ 12,471 $ 9,369 Cost of revenues 3,355 2,526 Gross profit 9,116 6,843 Operating expenses: Research and development costs, net 2,588 2,407 Sales and marketing 5,251 4,404 General and administrative 1,332 1,393 Total Operating expenses 9,171 8,204 Operating Loss (55) (1,361) Financial and other expenses, net (422) (1,524) Loss before income tax expenses (477) (2,885) Income tax expenses (benefit) (31) 4 Net Loss (446) (2,889) Basic and diluted net (loss) per share $(0.02) $(0.13) Weighted average number of shares used in computing basic and diluted net earnings per share 22,434,843 22,067,951 TABLE - 2 ALLOT COMMUNICATIONS LTD. AND ITS SUBSIDIARIES RECONCILATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except per share data) Three Months Ended March 31, 2010 2009 (Unaudited) GAAP net loss as reported $ (446) $ (2,889) Non-GAAP adjustments Expenses recorded for stock-based compensation Cost of revenues 29 25 Research and development costs, net 93 89 Sales and marketing 230 109 General and administrative 233 287 Core technology amortization- cost of revenues 30 28 Total adjustments to operating loss 615 538 Impairment of auction rate securities Financial and other expenses, net 8 1,575 Total adjustments 623 2,113 Non-GAAP net earnings (Loss) $ 177 $ (776) Non- GAAP basic net (Loss) per share $ 0.01 $ (0.04) Non- GAAP diluted net (Loss) per share $ 0.01 $ (0.04) Weighted average number of shares used in computing basic net earnings per share 22,434,843 22,067,951 Weighted average number of shares used in computing diluted net earnings per share 22,968,415 22,067,951 TABLE - 3 ALLOT COMMUNICATIONS LTD. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (U.S. dollars in thousands) March 31, December 31, 2010 2009 (Unudited) (Audited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 36,349 $ 36,470 Short term deposits and restricted deposit and cash 5,386 2,324 Trade receivables, net 5,372 7,842 Other receivables and prepaid expenses 4,282 3,618 Inventories 6,111 5,046 Total current assets 57,500 55,300 LONG-TERM ASSETS: Marketable securities 14,116 14,490 Severance pay fund 316 3,410 Other assets 430 430 Total long-term assets 14,862 18,330 PROPERTY AND EQUIPMENT, NET 5,834 5,674 GOODWILL AND INTANGIBLE ASSETS, NET 3,607 3,639 Total assets $ 81,803 $ 82,943 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables $ 2,000 $ 3,142 Deferred revenues 8,875 5,467 Other payables and accrued expenses 6,756 8,512 Total current liabilities 17,631 17,121 LONG-TERM LIABILITIES: Deferred revenues 3,667 2,046 Accrued severance pay 162 3,364 Total long-term liabilities 3,829 5,410 SHAREHOLDERS' EQUITY 60,343 60,412 Total liabilities and shareholders' equity $ 81,803 $ 82,943 Investor Relations Contact: Jay Kalish Executive Director Investor Relations International access code +972-54-221-1365 jkalish@allot.com

    Allot Communications Ltd.

    CONTACT: Jay Kalish, Executive Director Investor Relations,
    International access code +972-54-221-1365, jkalish@allot.com




    William Hill - Ready to Take Online Betting Into Other Geographies

    LONDON, May 11, 2010 /PRNewswire-FirstCall/ -- William Hill CEO Ralph Topping reflects on two years at the helm of sports better William Hill and sets out his vision for the future of the business.

    In an interview on http://www.cantos.com/, Mr Topping underlines his commitment to retain the number one position in retail in the UK, and to remain among the top three within Europe for online betting.

    He cautions the consumer will still be under pressure in the coming year and that the business will be cautious, especially in retail and in the bricks and mortar environment.

    The sports betting boss expects to see online maintaining a strong growth rate throughout 2010.

    The interview and transcript are available now on http://www.cantos.com/.

    Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email amanda.alexander@cantos.com or phone +44-207-936-1352.

    William Hill

    CONTACT: If you would like to contact us, please email
    amanda.alexander@cantos.com or phone +44-207-936-1352.




    Artprice : CA T1 +30% - prise de marché en Chine - Directive Européenne des enchères électroniques - retour de la croissance à deux chiffres pour 2010.

    PARIS, May 11, 2010 /PRNewswire/ --

    CA consolidé premier trimestre 2010 Chiffre d'affaires en Keuros 1T 2010 1T2009 Variation en % Internet 1 342 996 +36 Indices et autres prestations 105 116 -9 Edition 1 5 -80 Télématique* 0 1 Total 1er Trimestre 1 448 1 118 +30 *arrêt total de l'activité Télématique

    Artprice : retour de la croissance à deux chiffres pour 2010

    Le chiffre d'affaires du T1 2010 progresse de 30% sur le T1 2009 et confirme ainsi les prévisions d'Artprice sur le retour d'une croissance à 2 chiffres pour 2010 (hors place de marché). Selon thierry Ehrmann fondateur et P.D.G. d'Artprice," l'activité Internet progresse de 36%, tirée notamment par l'Iphone, Ipad et l' OS Android de Google qui amènent un fort relais de croissance pour l'activité d'Artprice dont l'immense majorité de ses clients dans le monde sont des CSP+ nomades de par leurs métiers. Les Smartphones vont permettent ainsi de doubler le CA Internet a une vitesse bien supérieure à l'Internet fixe. Pour information, 3,5 milliards de personnes auront accès à Internet (source : Le Monde du 10.05.10).

    Artprice : prise de marché en Chine avec des accords avec les principaux moteurs Chinois et les Maisons de Ventes Chinoises.

    Artprice, en 2010 a fait de la Chine son objectif principal, en résonance avec l'exposition universelle de Shangaï 2010 (Expo 2010 Shanghai China), avec une implication particulière du groupe, car l'histoire du marché de l'Art, au 21ème siècle, s'inscrit en Chine, selon les statistiques et indices d'Artprice. Après plusieurs rencontres fructueuses avec les Maisons de ventes en Chine depuis 2007, des accords spécifiques font d'Artprice, la référence occidentale sur le marché chinois. Toute une série de bases de données et services propres au marché de l'Art en Chine sont déployés progressivement par Artprice depuis Février 2010. Selon thierry Ehrmann: "la Chine, 3ème sur le podium à ce jour, dépassera inéluctablement les USA qui sont encore numéro un, à l'horizon 2015. L'extraordinaire résistance du marché de l'Art Contemporain chinois en pleine crise économique mondiale a démontré la volonté de la Chine de faire du marché de l'art chinois un enjeu de politique internationale".

    Depuis début mars 2010, l'intégralité des 25 millions de pages html des produits et services d'Artprice sont disponibles en chinois http://web.artprice.com/start.aspx?l=zh-CN

    Ce développement et la traduction sont le résultat de 18 mois de travail d'équipe dont l'intégralité des frais a été comptabilisée en poste de charges en 2009. Artprice dans le cadre d'accords de soumission de ses banques de données est désormais indexé sur : http://www.baidu.com, http://www.yahoo.cn, http://www.sogou.com, http://www.zhongsou.com, http://www.accoona.cn

    Voir la vidéo d'Arprice en chinois : http://web.artprice.tv/zh

    Renforcement des relations contractuelles avec les Maisons de Ventes

    En Mai 2010, plus de 72 % (soit 23% de progression en un semestre) des Maisons de ventes, toutes nationalités et tailles confondues au niveau mondial, ont transmis, dans le cadre d'accords spécifiques, à Artprice sur son Intranet Sécurisé, leurs catalogues de ventes et données internes. Ceci traduit, mieux que toute démonstration, la relation de confiance entre les Maisons de ventes et Artprice. De même, grâce à la base de données d'Artprice sur les experts (dont une grande partie dans le monde font eux mêmes des enchères) ce ne sont pas moins de 7400 acteurs incontournables du marché de l'art qu'Artprice connecte progressivement à sa place de marché normalisée d'Artprice protégée au titre de la propriété intellectuelle (droit sui generis et droit d'auteur) ; le droit de reproduction des oeuvres étant assuré par le contrat spécifique conclu avec l'ADAGP, société la plus représentative au monde, qui perçoit et répartit les droits d'auteurs dans plus de 43 pays. Cet accord précurseur (2007) dans l'économie numérique est régulièrement pris en exemple par les différents Ministères de la Culture en Europe et notamment en France.

    Du fait de la crise économique et financière mondiale, la quasi-totalité des maisons de ventes dans le monde se rapprochent d'Artprice qui travaille avec elles en étroite collaboration depuis 1987, pour réaliser leurs catalogues de ventes formatés par les données normalisées d'Artprice et dès l'adoption de la Directive Services, les enchères en ligne grâce à la place de marché normalisée d'Artprice et ses 1,3 million de membres. Ce qui explique la présence d'Artprice dans la majorité des catalogues de ventes, papier et Internet, des Auctioneers dans le monde où désormais, chaque artiste et chaque oeuvre possède un identifiant unique en provenance des banques de données Artprice.

    Artprice possède le fichier clients qualifié "Fine Art" le plus important au monde. Ses bases de données comportementales clients constituent pour le marché de l'art, les bases de la réussite des ventes aux enchères cataloguées depuis la naissance des enchères d'art en Europe au début du XIXe siècle.

    Le modèle de la place de marché normalisée est désormais éprouvé et validé par le marché de l'Art notamment en période de crise majeure. Les chiffres parlent d'eux-mêmes : selon le rapport d'activité 2005 du Conseil des Ventes Volontaires de meubles aux enchères publiques, "l'offre sur Artprice était de 1,3 milliard d'euros d'oeuvres d'art". En 2006, l'offre était de 2,7 milliards d'euros d'oeuvres d'art. En 2007, l'offre était de 4,32 milliards d'euros d'oeuvres d'art. Pour 2008, l'offre était de 5,4 milliards d'euros d'oeuvres d'art. Pour 2009, Artprice confirme avoir constaté un volume d'environ 5,85 milliards d'euros d'oeuvres d'art avec un taux de vente estimé de l'ordre du tiers sur lesquelles Artprice n'est pas encore commissionnée .

    Transposition effective de la Directive Européenne des enchères électroniques en droit français pour 2010.

    La transposition, en droit interne, de la Directive communautaire 2006/123/CE sur les services incluant la notion d'opérateur en ligne pour les ventes aux enchères électroniques est parfaitement conforme aux différents travaux parlementaires et commissions auxquels Artprice a amené préalablement son concours et ses données. Selon des sources européennes, la France vient de se faire poliment rappeler à l'ordre par Bruxelles pour codifier au plus vite l'application de la directive service sur les ventes aux enchères électroniques qui a pris effet depuis le 28/12/2009. Enfin, l'adoption par les 27 Etats membres de l'Union Européenne du traité de Lisbonne qui prend effet depuis le premier décembre 2009, renforce considérablement la position juridique et les actions judiciaires d'Artprice face à des actions concertées d'un courant ultra-minoritaire qui voit son monopole franco-français s'effondrer.

    Evolution du Marché de l'Art au premier semestre 2010.

    Concernant l'évolution du Marché de l'Art face à la crise mondiale, Artprice indique que, grâce à l'Art Market Confidence Index (indice de confiance du marché de l'art en temps réel) qui est la référence dans le marché de l'art et la presse économique, il constate et confirme en mai 2010, une hausse continuelle de son indice de confiance sur l'ensemble des pays qui représente 90 % du marché de l'art. Cette confiance se retrouve particulièrement aux USA qui ont été les premiers touchés par la crise du marché de l'Art mais aussi en Europe et en Asie. Au même titre que l'Or, le marché de l'Art historiquement, a toujours été une valeur refuge face aux crises de grandes ampleurs et notamment aux dépréciations d'actifs financiers que l'économie mondiale continue d'affronter en 2010.

    Pour simple information, le documentaire d'Artprice http://web.artprice.com/video

    en versions française, anglaise, chinoise, allemande, espagnole et italienne sur l'Alchimie entre Artprice et le marché de l'Art (1987/2010) devient un phénomène sociétal qui a été visionné plus d'1,44 millions de fois en 1 an exactement. La version DVD est distribuée dans les principales manifestations, expositions et magazines d'art dans le monde.(Il est aussi disponible gratuitement auprès d'Artprice).

    Source: http://www.artprice.com (c)1987-2010 thierry Ehrmann

    Artprice est le leader mondial des banques de données sur la cotation et les indices de l'art avec plus de 25 millions d'indices et résultats de ventes couvrant 405 000 artistes. Artprice Images(R) permet un accès illimité au plus grand fonds du marché de l'art au monde, bibliothèque constituée de 108 millions d'images ou gravures d'oeuvres d'art de 1700 à nos jours commentées par ses historiens. Artprice enrichit en permanence ses banques de données en provenance de 3600 Maisons de ventes et publie en continu les tendances du marché de l'art pour les principales agences et 6300 titres de presse dans le monde. Artprice diffuse auprès de ses 1 300 000 membres (member log in), ses annonces normalisées, qui constituent désormais la première place de marché mondiale pour acheter et vendre des oeuvres d'Art (source Artprice). Artprice est cotée sur Eurolist by Euronext Paris : Euroclear: 7478 - Bloomberg : PRC Reuters : ARTF Artprice.com.

    Contact: Josette Mey Service actionnaires Numéro de fax: +33(0)4-78-22-06-06 e-mail: ir@artprice.com

    Artprice.com

    Contact: Josette Mey, Service actionnaires, Numéro de fax: +33(0)4-78-22-06-06, e-mail: ir@artprice.com




    Interim Notice DOCDATA N.V.

    WAALWIJK, The Netherlands, May 11, 2010 /PRNewswire/ -- Prior to the Annual General Meeting of Shareholders, which will be held on 12 May 2010, 14.00 hours at Hotel NH Waalwijk in Sprang-Capelle, the Management Board of DOCDATA N.V. announces the following.

    General

    DOCDATA N.V. in Waalwijk has closed the first quarter 2010 with excellent results. Revenue, EBIT, as well as profit have improved sharply compared to the first quarter 2009. DOCDATA N.V. has therefore maintained its strong financial position during the first quarter 2010. The cash surplus per 21 May 2010 will be amply sufficient to pay the dividend of EUR 0.55 in cash per outstanding share (in total amounting to EUR 3.7 million) after approval of the dividend proposal by the General Meeting of Shareholders, with deduction of withholding tax, from the cash funds available.

    The management of DOCDATA N.V. announces no expectations regarding revenue and results for the whole year 2010. DOCDATA N.V. will announce the 2010 half-year results on Thursday 22 July 2010.

    Technology company IAI industrial systems

    The sharp improvement of revenue, EBIT and profit of DOCDATA N.V. is predominantly due to the deliveries, in accordance with the planning, of some large orders during the first quarter 2010 by the technology company IAI industrial systems. During the first quarter 2009, IAI industrial systems did not yet deliver any systems. During the first quarter 2010, amongst others the second part of the delivery of the order for Bulgaria was completed; this has had a substantial impact on revenue and results. The order book of IAI industrial systems has decreased by the deliveries during the first quarter 2010 to EUR 6.4 million per 31 March 2010, including newly signed orders (order book per 31 December 2009: EUR 13.7 million). The deliveries of systems for orders currently in the order book are scheduled predominantly for 2010.

    E-commerce service company Docdata

    Revenue and results of the e-commerce service company Docdata have increased during the first quarter 2010 compared to the first quarter 2009, primarily due to a higher transaction volume in 2010 for the commerce, payments and fulfilment services. Currently, more than 2 million transactions on a monthly basis are processed for clients. Revenue of the replication activities however has strongly decreased, mainly due to the further decline of these activities in Germany. The impact of this on EBIT and profit is little, as the Germany replication activities were depreciated to fair value in 2009 already. In total, revenue of the e-commerce service company Docdata for the first quarter is a bit smaller in 2010 than in 2009.

    On 16 April 2010 DOCDATA N.V. acquired through its subsidiary docdata germany GmbH all activities, personnel and certain assets of Dohmen Solutions Group in Germany, fully paid in cash.

    As announced earlier, the management of DOCDATA N.V. expects that these activities will contribute a minimum of EUR 10 million to revenue of the e-commerce service company Docdata on a yearly basis. However, the acquired activities will only contribute to profit starting 2011. The reason for that is that in 2010 significant expenses will be made to restructure the acquired activities, to improve efficiency, to diminish the cost basis and to integrate these activities in the existing organisation.

    The listed DOCDATA N.V. exists of two lines of business:

    E-commerce service company Docdata (http://www.docdata.com) is a European market leader with a strong basis in The Netherlands, Germany and the United Kingdom, and exists of four services:

    - Docdata commerce - Docdata payments - Docdata fulfilment - Docdata media

    Technology company IAI industrial systems ( http://www.iai-industrial-systems.com) is a high tech engineering company specialised in developing and building systems for very accurate and high speed processing of all kinds of products and materials. IAI delivers clients globally in the following sectors:

    - securing and personalising of security documents - processing of solar cells and modules - processing of other materials and products

    Corporate website: http://www.docdatanv.com

    DOCDATA N.V.

    Further information: DOCDATA N.V., M.F.P.M. Alting von Geusau, CEO, Tel. +31-416-631-100




    Silence Therapeutics to Present at Upcoming Investor Conferences

    LONDON, May 11, 2010 /PRNewswire/ --

    Silence Therapeutics plc (AIM: SLN) ("Silence" or the "Company") announces that Philip Haworth, Ph.D., chief executive officer, will present corporate updates at two upcoming industry and financial conferences. Dr. Haworth's presentations will focus on Silence Therapeutics' comprehensive RNA interference (RNAi) therapeutics platform, broad clinical-stage pipeline and multiple ongoing collaborations with leading pharmaceutical companies.

    Upcoming conferences at which the Company will present include: Rodman & Renshaw 6th Annual Global Healthcare Conference May 16-18, 2010 Grosvenor House Hotel, London, UK Silence's presentation: 9:25 a.m. (BST) on Tuesday, May 18, 2010. A live webcast of the presentation will be available at www.silence-therapeutics.com and will be archived for 90 days. BioEquity Europe 2010 May 19-20, 2010 Swissotel Zurich, Zurich, Switzerland Silence's presentation: 1:30 p.m. (CEST) on Thursday, May 20, 2010.

    About Silence Therapeutics plc (http://www.silence-therapeutics.com)

    Silence Therapeutics plc (AIM: SLN) is a leading global biotechnology company dedicated to the discovery, development and delivery of targeted, systemic RNA interference (RNAi) therapeutics for the treatment of serious diseases. The company possesses multiple proprietary siRNA delivery technology platforms including AtuPLEX(TM), a system that enables the functional delivery of siRNA molecules to targeted diseased tissues and cells, while increasing their bioavailability and intracellular uptake. A second, complementary delivery technology known as PolyTran(TM) uses a library of novel peptide-based biodegradable polycationic polymers for systemic siRNA administration. Additionally, the company has a platform of novel short interfering RNA (siRNA) molecules, AtuRNAi, which provide a number of advantages over conventional siRNA molecules, including increased stability against nuclease degradation. Silence's unique RNAi assets also include structural features for a next generation of RNAi molecules and additional proprietary siRNA sequences against more than 50 highly valued oncology and other disease targets.

    The company's strong and diverse intellectual property portfolio includes exclusive licenses from the University of Massachusetts on three patent families associated with the Zamore "Design Rules," which cover broad structural features of siRNA design for more potent next generation siRNA sequences.

    Silence Therapeutics is headquartered in London, UK, with research and development operations in Berlin and Palo Alto, CA.

    Forward-Looking Statements

    This press release includes forward-looking statements that are subject to risks, uncertainties and other factors. These risks and uncertainties could cause actual results to differ materially from those referred to in the forward-looking statements. All forward-looking statements are based on information currently available to Silence Therapeutics and Silence Therapeutics assumes no obligation to update any such forward-looking statements.

    Silence Therapeutics plc

    Phil Haworth of Silence Therapeutics, +1-650-855-1514, p.haworth@silence-therapeutics.com; or Richard Potts, or Jonathan Senior, both of Nomura Code Securities, +44-020-7776-1200, for Silence Therapeutics; or media, Tim Brons, +1-415-675-7400, tbrons@vidacommunication.com, or investors, Stephanie Diaz, +1-415-675-7400, sdiaz@vidacommunication.com, both of Vida Communication for Silence Therapeutics




    Euro Disney S.C.A. - Reports 2010 First Half Results

    PARIS, May 11, 2010 /PRNewswire-FirstCall/ --

    - Revenues decreased 7% to EUR 519 million, driven by lower theme parks attendance and hotel occupancy, partially offset by increases in guest spending - Net loss increased EUR 29 million to EUR 114 million - Repayment of EUR 45 million of debt during the First Half

    Euro Disney S.C.A. (the "Company"), parent company of Euro Disney Associes S.C.A. ("EDA"), operator of Disneyland(R) Paris, reported today the results for its consolidated group (the "Group") for the first six months of fiscal year 2010 which ended March 31, 2010 (the "First Half").

    Key Financial Highlights First Half (EUR in millions, unaudited) 2010 2009 Revenues 519.5 558.8 Costs and expenses (593.8) (598.7) Operating margin (74.3) (39.9) Plus: Depreciation and amortization 81.8 78.7 EBITDA [1] 7.5 38.8 EBITDA as a percentage of revenues 1.4% 6.9% Net loss (114.5) (85.4) Attributable to equity holders of the parent (95.2) (71.9) Attributable to minority interests (19.3) (13.5) Cash flow generated by / (used in) operating activities 27.8 (23.2) Cash flow used in investing activites (39.6) (28.1) Free cash flow used [1] (11.8) (51.3) Cash and cash equivalents, end of period 283.5 280.0 Key Operating Statistics [1] Theme parks attendance (in millions) 6.5 7.1 Average spending per guest (in EUR) 43.51 43.01 Hotel occupancy rate 79.6% 85.8% Average spending per room (in EUR) 189.67 187.16

    Commenting on the results, Philippe Gas, Chief Executive Officer of Euro Disney S.A.S, said:

    "The continued challenging economic context is reflected in our First Half revenues and net results, primarily due to lower attendance and occupancy at the Resort. For the same period last year, revenues had not been fully impacted by the economic decline, partly because of the way guests book their vacations in advance of visits. However, our focus on sales and marketing initiatives has helped improve guest spending.

    We recently launched the Disney New Generation Festival, a year-long celebration featuring the newest characters from the Disney universe, and later this summer we will open three new attractions within Toy Story Playland at the Walt Disney Studios. We are excited to share these updates to our Resort experience with our Guests.

    The dedication and quality Guest service provided by our Cast Members are essential to the long-term success of our company. The entire management team remains strongly committed to their well-being, particularly during this difficult economic and social environment."

    Seasonality

    The Group's business is subject to the effects of seasonality and the annual results are significantly dependent on the second half of the year, which traditionally includes the high season at Disneyland(R) Paris. Consequently, the operating results for the First Half are not necessarily indicative of results to be expected for the full fiscal year.

    Revenues by Operating Segment First Half Variance (EUR in millions, unaudited) 2010 2009 Amount % Theme parks 287.3 309.6 (22.3) (7.2)% Hotels and Disney(R) Village 205.3 219.6 (14.3) (6.5)% Other 24.9 24.7 0.2 0.8 % Resort operating segment 517.5 553.9 (36.4) (6.6)% Real estate development operating segment 2.0 4.9 (2.9) (59.2)% Total revenues 519.5 558.8 (39.3) (7.0)%

    Resort operating segment revenues decreased by 7% to EUR 517.5 million from EUR 553.9 million in the prior-year period.

    Theme parks revenues declined by 7% to EUR 287.3 million from EUR 309.6 million in the prior-year period due to an 8% decrease in attendance to 6.5 million, partly offset by a 1% increase in average spending per guest to EUR 43.51. The decrease in attendance was primarily due to fewer guests visiting from the United Kingdom and Netherlands.

    Hotels and Disney(R) Village revenues decreased by 7% to EUR 205.3 million from EUR 219.6 million in the prior-year period, due to a 6.2 percentage points decrease in hotel occupancy to 79.6%, partly offset by a 1% increase in average spending per room to EUR 189.67. The reduction in hotel occupancy resulted from 65,000 fewer room nights compared to the prior-year period, primarily due to fewer guests visiting from the United Kingdom and lower business group activity, partly offset by more French guests staying overnight. The increase in average spending per room reflected an increase in daily room rates.

    Costs and Expenses First Half Variance (EUR in millions, unaudited) 2010 2009 Amount % Direct operating costs (1) 475.5 481.1 (5.6) (1.2)% Marketing and sales expenses 62.3 64.4 (2.1) (3.3)% General and administrative expenses 56.0 53.2 2.8 5.3% Costs and expenses 593.8 598.7 (4.9) (0.8)%

    (1) Direct operating costs primarily include wages and benefits for employees in operational roles, depreciation and amortization related to operations, cost of sales, royalties and management fees. For the First Half and the corresponding prior-year period, royalties and management fees were EUR 30.1 million and EUR 32.3 million, respectively.

    Direct operating costs decreased EUR 5.6 million compared to the prior-year period, primarily due to reduced costs associated with lower business activity and reduced taxes. This decrease was partially offset by labor rate inflation.

    Marketing and sales expenses decreased EUR 2.1 million compared to the prior-year period, as a result of the timing of sales and marketing initiatives versus the prior-year period.

    General and administrative expenses increased EUR 2.8 million compared to the prior-year period, driven by depreciation related to new system developments and labor rate inflation.

    Net Financial Charges First Half Variance (EUR in millions, unaudited) 2010 2009 Amount % Financial income 1.6 7.1 (5.5) (77.5)% Financial expense (41.7) (52.8) 11.1 (21.0)% Net financial charges (40.1) (45.7) 5.6 (12.3)%

    Financial income decreased EUR 5.5 million due to lower average short term interest rates.

    Financial expense decreased EUR 11.1 million due to lower interest rates and lower average borrowings.

    Net Loss

    For the First Half, the net loss of the Group amounted to EUR 114.5 million compared to EUR 85.4 million for the prior-year period. Net loss attributable to equity holders of the parent amounted to EUR 95.2 million and net loss attributable to minority interests amounted to EUR 19.3 million. The increase in net loss of the Group was driven by the decreased revenues compared to the prior-year period.

    Cash flows

    Cash and cash equivalents as of March 31, 2010 were EUR 283.5 million, down EUR 56.8 million compared with September 30, 2009. This decrease resulted from:

    First Half Variance (EUR in millions, unaudited) 2010 2009 Cash flow generated by / (used in) operating activities 27.8 (23.2) 51.0 Cash flow used in investing activities (39.6) (28.1) (11.5) Free cash flow used (11.8) (51.3) 39.5 Cash flow used in financing activities (45.0) (43.0) (2.0) Change in cash and cash equivalents (56.8) (94.3) 37.5 Cash and cash equivalents, beginning of period 340.3 374.3 (34.0) Cash and cash equivalents, end of period 283.5 280.0 3.5

    Free cash flow used for the First Half was EUR 11.8 million compared to EUR 51.3 million used in the prior-year period.

    Cash flow generated by operating activities for the First Half totaled EUR 27.8 million compared to EUR 23.2 million used in the prior-year period. This improvement resulted from lower working capital requirements, driven by the conditional deferral into long term debt of EUR 45.2 million of royalties and interest related to the Group's fiscal year 2009 performance. These amounts were paid in the prior-year period. This positive cash impact was partly offset by a decline in operating margin.

    Cash flow used in investing activities for the First Half totaled EUR 39.6 million compared to EUR 28.1 million used in the prior-year period. This increase reflects the development of Toy Story Playland, scheduled to open in the summer.

    Cash flow used in financing activities corresponds to the repayment of the debt and totaled EUR 45.0 million for the First Half compared to EUR 43.0 million used in the prior-year period.

    The Group has covenants under its debt agreements which limit its investments and financing activities. The Group must also meet financial performance covenants which require improvements to its operating margin.

    For fiscal year 2010, if compliance with these financial performance covenants cannot be achieved, the Group will have to appropriately reduce operating costs, curtail a portion of planned capital expenditures and/or seek assistance from The Walt Disney Company ("TWDC") or other parties as permitted under the debt agreements. Although no assurances can be given, management believes the Group has adequate cash and liquidity for the foreseeable future based on existing cash positions, liquidity from the EUR 100.0 million line of credit available from TWDC, and the provisions for the conditional deferral of certain royalties and management fees and interest.

    Update on recent and upcoming events New Generation Festival

    On April 2nd, the New Generation Festival kicked off at the Resort. Mickey Mouse welcomes the newest characters from the Disney universe, including Princess Tiana and Prince Naveen from the Walt Disney Pictures' animated features The Princess and the Frog and Remy and Emile from the Disney/Pixar movie Ratatouille into the Parks, to join in the fun.

    In August 2010, Toy Story Playland will premiere at the Walt Disney Studios(R) Park starring characters from the animated Disney/Pixar Toy Story films. Buzz Lightyear will welcome guests into Andy's back yard as they are shrunk to the scale of a toy in an enormous playground. Toy Story Playland will include three all-new attractions: Toy Soldiers Parachute Drop, simulating a parachute drop with Andy's Green Army Men; Slinky Dog Zig Zag Spin[2], a racetrack attraction and RC Racer, a 25-meter half-pipe race circuit.

    Liquidity Contract

    On April 1st, 2010, the Company renewed its liquidity contract signed with Oddo Corporate Finance for a period of one year. For further information, please refer to the press release published on April 1st, 2010 and available on the Company's website.

    Scheduled Debt Repayments

    The Group plans to repay EUR 45.1 million of its borrowings in the last six months of fiscal year 2010, consistent with the scheduled maturities.

    First Half Results Webcast: May 11, 2010 at 11:00 CET

    To connect to the webcast: http://corporate.disneylandparis.com/investor-relations/publications/ index.xhtml

    Additional Financial Information can be found on the Internet at http://corporate.disneylandparis.com/

    Code ISIN: FR0010540740 Code Reuters: EDL.PA Code Bloomberg: EDL FP

    The Group operates Disneyland(R) Paris which includes: Disneyland(R) Park, Walt Disney Studios(R) Park, seven themed hotels with approximately 5,800 rooms (excluding approximately 2,400 additional third-party rooms located on the site), two convention centers, Disney(R) Village, a dining, shopping and entertainment centre, and a 27-hole golf course. The Group's operating activities also include the development of the approximately 2,000 hectare site, half of which is yet developed. Euro Disney S.C.A.'s shares are listed and traded on Euronext Paris.

    Attachments: Exhibit 1 - Consolidated Statement of Income Exhibit 2 - Consolidated Segment Statement of Income Exhibit 3 - Consolidated Statement of Financial Position Exhibit 4 - Consolidated Statement of Cash Flows Exhibit 5 - Consolidated Statement of Changes in Equity Exhibit 6 - Statement of Changes in Borrowings Exhibit 7 - Definitions EXHIBIT 1 EURO DISNEY S.C.A. Fiscal Year 2010 First Half Results Six Months Ended March 31, 2010 CONSOLIDATED STATEMENT OF INCOME First Half Variance (EUR in millions, unaudited) 2010 2009 Amount % Revenues 519.5 558.8 (39.3) (7.0)% Costs and expenses (593.8) (598.7) 4.9 (0.8)% Operating margin (74.3) (39.9) (34.4) 86.2% Net financial charges (40.1) (45.7) 5.6 (12.3)% (Loss) / gain from equity investments (0.1) 0.2 (0.3) n/m Loss before taxes (114.5) (85.4) (29.1) 34.1% Income taxes - - - n/a Net loss (114.5) (85.4) (29.1) 34.1% Net loss attributable to: Equity holders of the parent (95.2) (71.9) (23.3) 32.4% Minority interests (19.3) (13.5) (5.8) 43.0% n/m: not meaningful n/a: not applicable EXHIBIT 2 EURO DISNEY S.C.A. Fiscal Year 2010 First Half Results Six Months Ended March 31, 2010 CONSOLIDATED SEGMENT STATEMENT OF INCOME Resort operating segment First Half Variance (EUR in millions, unaudited) 2010 2009 Amount % Revenues 517.5 553.9 (36.4) (6.6)% Costs and expenses (592.0) (595.2) 3.2 (0.5)% Operating margin (74.5) (41.3) (33.2) 80.4% Net financial charges (40.0) (45.7) 5.7 (12.5)% (Loss) / gain from equity investments - 0.2 (0.2) n/m Loss before taxes (114.5) (86.8) (27.7) 31.9% Income taxes - - - n/a Net loss (114.5) (86.8) (27.7) 31.9% n/m: not meaningful. n/a: not applicable. Real estate development operating segment First Half Variance (EUR in millions, unaudited) 2010 2009 Amount % Revenues 2.0 4.9 (2.9) (59.2)% Costs and expenses (1.8) (3.5) 1.7 (48.6)% Operating margin 0.2 1.4 (1.2) (85.7)% Net financial charges (0.1) - (0.1) n/a Loss from equity investments (0.1) - (0.1) n/a Income before taxes - 1.4 (1.4) n/m Income taxes - - - n/a Net profit - 1.4 (1.4) n/m n/m: not meaningful. n/a: not applicable. EXHIBIT 3 EURO DISNEY S.C.A. Fiscal Year 2010 First Half Results Six Months Ended March 31, 2010 CONSOLIDATED STATEMENT OF FINANCIAL POSITION March 31, September (EUR in millions) 2010 30, 2009 (unaudited) Non-current assets Property, plant and equipment 1,995.1 2,035.5 Investment property 39.7 39.7 Intangible assets 50.2 54.2 Restricted cash 73.2 70.2 Other 12.7 13.2 2,170.9 2,212.8 Current assets Inventories 30.7 35.6 Trade and other receivables 97.2 111.8 Cash and cash equivalents 283.5 340.3 Other 12.3 14.6 423.7 502.3 Total assets 2,594.6 2,715.1 Shareholders' equity Share capital 39.0 39.0 Share premium 1,627.3 1,627.3 Accumulated deficit (1,573.7) (1,478.5) Other (0.2) (1.2) Total shareholders' equity 92.4 186.6 Minority interests 81.3 100.4 Total equity 173.7 287.0 Non-current liabilities Borrowings 1,845.3 1,880.3 Deferred revenues 28.2 29.1 Provisions 16.6 17.5 Other 63.7 63.4 1,953.8 1,990.3 Current liabilities Trade and other payables 272.9 275.1 Borrowings 90.2 89.9 Deferred revenues 102.2 68.9 Other 1.8 3.9 467.1 437.8 Total liabilities 2,420.9 2,428.1 Total equity and liabilities 2,594.6 2,715.1 EXHIBIT 4 EURO DISNEY S.C.A. Fiscal Year 2010 First Half Results Six Months Ended March 31, 2010 CONSOLIDATED STATEMENT OF CASH FLOWS First Half (EUR in millions, unaudited) 2010 2009 Net loss (114.5) (85.4) Items not requiring cash outlays or with no impact on working capital: - Depreciation and amortization 81.8 78.7 - Increase in valuation and reserve allowances - 0.8 - Other 2.7 3.5 Net change in working capital account balances: - Change in receivables, deferred income and other assets 45.0 26.3 - Change in inventories 4.5 (0.7) - Change in payables and other liabilities 8.3 (46.4) Cash flow generated by / (used in) operating activities 27.8 (23.2) Capital expenditures for tangible and intangible assets (39.6) (28.1) Cash flow used in investing activities (39.6) (28.1) Net purchases of treasury shares (0.2) (0.1) Repayments of borrowings (44.8) (42.9) Cash flow used in financing activities (45.0) (43.0) Change in cash and cash equivalents (56.8) (94.3) Cash and cash equivalents, beginning of period 340.3 374.3 Cash and cash equivalents, end of period 283.5 280.0 SUPPLEMENTAL CASH FLOW INFORMATION First Half (EUR in millions, unaudited) 2010 2009 Supplemental cash flow information: Interest paid 24.9 49.4 Non-cash financing and investing transactions: Deferral into borrowings of accrued interest under TWDC and CDC subordinated loans 9.1 5.3 Deferral into borrowings of royalties and management fees - 25.0 EXHIBIT 5 EURO DISNEY S.C.A. Fiscal Year 2010 First Half Results Six Months Ended March 31, 2010 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Net loss for the September First Half March 31, (EUR in millions) 30, 2009 (unaudited) Other 2010 (unaudited) (unaudited) Shareholders' equity Share capital 39.0 - - 39.0 Share premium 1,627.3 - - 1,627.3 Accumulated deficit (1,478.5) (95.2) - (1,573.7) Other (1.2) - 1.0 (0.2) Total shareholders' equity 186.6 (95.2) 1.0 92.4 Minority interests 100.4 (19.3) 0.2 81.3 Total equity 287.0 (114.5) 1.2 173.7 EXHIBIT 6 STATEMENT OF CHANGES IN BORROWINGS First Half 2010 (unaudited) September Transfers March 31, (EUR in millions) 30, 2009 Increase Decrease (4) 2010 (unaudited) CDC senior loans 238.9 - - (1.0) 237.9 CDC subordinated loans 776.8 6.5 (1) - (0.9) 782.4 Credit Facility - Phase IA 96.6 0.6 (2) - (31.5) 65.7 Credit Facility - Phase IB 69.0 0.4 (2) - (10.1) 59.3 Partner Advances - Phase IA 304.9 - - - 304.9 Partner Advances - Phase IB 89.8 - - (1.6) 88.2 TWDC loans 304.3 2.6 (3) - - 306.9 Non-current borrowings 1,880.3 10.1 - (45.1) 1,845.3 CDC senior loans 1.6 - (0.8) 1.0 1.8 CDC subordinated loans 1.8 - (0.8) 0.9 1.9 Credit Facility - Phase IA 63.1 - (31.5) 31.5 63.1 Credit Facility - Phase IB 20.2 - (10.1) 10.1 20.2 Partner Advances - Phase IB 3.2 - (1.6) 1.6 3.2 Current borrowings 89.9 - (44.8) 45.1 90.2 Total borrowings 1,970.2 10.1 (44.8) - 1,935.5

    (1) Increases are related to the contractual deferral of interest on certain CDC subordinated loans, including EUR 5.1 million of interest incurred in the First Half that was conditionally deferred based on the Group's 2009 performance.

    (2) Effective interest rate adjustments. As part of the 2005 financial restructuring, these loans were significantly modified. In accordance with IAS 39, the carrying value of this debt was replaced by the fair value after modification. The effective interest rate adjustment has been calculated reflecting an estimated market interest rate at the time of the modification that was higher than the nominal rate.

    (3) Increases are related to the contractual deferral of interest on TWDC loans.

    (4) Transfers from non-current borrowings to current borrowings are based on the scheduled debt repayments over the next twelve months.

    EXHIBIT 7 EURO DISNEY S.C.A. Fiscal Year 2010 First Half Results Six Months Ended March 31, 2010 DEFINITIONS

    EBITDA corresponds to earnings before interest, taxes, depreciation and amortization. EBITDA is not a measure of financial performance defined under IFRS, and should not be viewed as a substitute for operating margin, net profit / (loss) or operating cash flows in evaluating the Group's financial results. However, management believes that EBITDA is a useful tool for evaluating the Group's performance.

    Free cash flow is cash generated by operating activities less cash used in investing activities. Free cash flow is not a measure of financial performance defined under IFRS, and should not be viewed as a substitute for operating margin, net profit / (loss) or operating cash flows in evaluating the Group's financial results. However, management believes that Free cash flow is a useful tool for evaluating the Group's performance.

    Theme parks attendance corresponds to the attendance recorded on a "first click" basis, meaning that a person visiting both parks in a single day is counted as only one visitor.

    Average spending per guest is the average daily admission price and spending on food, beverage and merchandise and other services sold in the theme parks, excluding value added tax.

    Hotel occupancy rate is the average daily rooms sold as a percentage of total room inventory (total room inventory is approximately 5,800 rooms).

    Average spending per room is the average daily room price and spending on food, beverage and merchandise and other services sold in hotels, excluding value added tax.

    ---------------------------------

    [1] Please refer to Exhibit 7 for the definition of EBITDA, Free cash flow and key operating statistics.

    [2] Slinky[R] Dog is a registered trademark of Poof-Slinky, Inc. All rights reserved.

    Press Contact Laurent Manologlou Tel: +331-64-74-59-50 Fax: +331-64-74-59-69 e-mail: laurent.manologlou@disney.com Investor Relations Olivier Lambert Tel: +331-64-74-58-55 Fax: +331-64-74-56-36 e-mail: olivier.lambert@disney.com Corporate Communication Jeff Archambault Tel: +331-64-74-59-50 Fax: +331-64-74-59-69 e-mail: jeff.archambault@disney.com

    Euro Disney S.C.A.

    CONTACT: Press Contact Laurent Manologlou, Tel: +331-64-74-59-50, Fax:
    +331-64-74-59-69, e-mail: laurent.manologlou@disney.com ; Investor Relations,
    Olivier Lambert, Tel: +331-64-74-58-55, Fax: +331-64-74-56-36, e-mail:
    olivier.lambert@disney.com ; Corporate Communication, Jeff Archambault, Tel:
    +331-64-74-59-50, Fax: +331-64-74-59-69, e-mail: jeff.archambault@disney.com




    EURO DISNEY S.C.A. annonce ses resultats du premier semestre 2010

    PARIS, May 11, 2010 /PRNewswire/ --

    EURO DISNEY S.C.A. Exercice 2010 Annonce ses résultats du premier semestre Semestre clos le 31 mars 2010

    PARIS, May 11, 2010 /PRNewswire/ --

    - Chiffre d'affaires du Groupe de 519 millions d'euros, en baisse de 7 %, reflétant une diminution de la fréquentation des parcs à thèmes et du taux d'occupation des hôtels, partiellement compensée par une augmentation de la dépense moyenne par visiteur

    - Perte nette de 114 millions d'euros, en hausse de 29 millions d'euros

    - Remboursement de 45 millions d'euros d'emprunts au cours du Premier Semestre

    Euro Disney S.C.A. (la "Société"), société mère d'Euro Disney Associés S.C.A. ("EDA"), société d'exploitation de Disneyland(R) Paris, a présenté aujourd'hui les résultats financiers consolidés du groupe (le "Groupe") pour le premier semestre de l'exercice 2010, qui s'est achevé le 31 mars 2010 (le "Premier Semestre").

    Données financières clés Premier Semestre (en millions d'euros, non audité) 2010 2009 Produits des activités ordinaires 519,5 558,8 Charges d'exploitation (593,8) (598,7) Résultat d'exploitation (74,3) (39,9) Plus : dotations aux amortissements 81,8 78,7 EBITDA 1 7,5 38,8 EBITDA en pourcentage du chiffre d'affaires 1,4 % 6,9 % Résultat net de l'ensemble consolidé (114,5) (85,4) Part du Groupe (95,2) (71,9) Part des minoritaires (19,3) (13,5) Flux de trésorerie liés à l'exploitation 27,8 (23,2) Flux de trésorerie utilisés pour les opérations d'investissement (39,6) (28,1) Free cash flow utilisé 1 (11,8) (51,3) Trésorerie et équivalents de trésorerie - Solde en fin de période 283,5 280,0

    Statistiques opérationnelles clés [1]

    Fréquentation des parcs à thèmes (en millions) 6,5 7,1 Dépense moyenne par visiteur (en euros) 43,51 43,01 Taux d'occupation des hôtels 79,6 % 85,8 % Dépense moyenne par chambre (en euros) 189,67 187,16

    Concernant les résultats, Philippe Gas, Président d'Euro Disney S.A.S, a déclaré :

    "Notre chiffre d'affaires et notre résultat net du Premier Semestre reflètent le contexte économique toujours difficile, principalement marqué par une baisse de la fréquentation des parcs et de l'occupation des hôtels. Au premier semestre de l'exercice 2009, la crise économique n'avait pas encore pleinement impacté nos revenus, essentiellement parce que les visiteurs réservaient très en amont des dates de leur visite. Cependant, nos efforts en termes de commercialisation et d'initiatives marketing nous ont permis d'améliorer la dépense par visiteur.

    Nous avons lancé récemment la Nouvelle Génération Disney, une année de festivités à laquelle prendront part les personnages les plus récents de l'univers Disney. Nous ouvrirons également, plus tard au cours de l'été, trois nouvelles attractions avec Toy Story Playland, dans le Parc Walt Disney Studios. Nous sommes impatients de partager ces nouvelles expériences avec nos visiteurs.

    L'implication de nos Cast Members et la qualité du service qu'ils apportent à nos visiteurs sont essentiels au succès à long terme de notre société. Toute l'équipe d'encadrement reste fortement mobilisée pour répondre aux attentes des salariés, en particulier dans cet environnement économique et social difficile."

    Saisonnalité

    L'activité du Groupe est saisonnière et les résultats annuels dépendent de façon significative de l'activité du second semestre de l'exercice qui correspond traditionnellement à la haute saison pour Disneyland(R) Paris. Par conséquent, les résultats du Premier Semestre ne sont pas nécessairement représentatifs des résultats pouvant être attendus pour l'ensemble de l'exercice 2010.

    Chiffre d'affaires par activité

    Premier Semestre Variation (en millions d'euros, non audité) 2010 2009 Montant % Parcs à thèmes 287,3 309,6 (22,3) (7,2) % Hôtels et Disney(R) Village 205,3 219,6 (14,3) (6,5) % Autres 24,9 24,7 0,2 0,8 % Activités touristiques 517,5 553,9 (36,4) (6,6) % Activités de développement immobilier 2,0 4,9 (2,9) (59,2) % Chiffre d'affaires 519,5 558,8 (39,3) (7,0) %

    Le chiffre d'affaires généré par les activités touristiques diminue de 7 % pour s'établir à 517,5 millions d'euros contre 553,9 millions d'euros au titre du premier semestre de l'exercice précédent.

    Le chiffre d'affaires des parcs à thèmes diminue de 7 % pour s'établir à 287,3 millions d'euros contre 309,6 millions d'euros au titre du premier semestre de l'exercice précédent, reflétant une fréquentation des parcs à thèmes de 6,5 millions de visiteurs, en baisse de 8 %, partiellement compensée par une augmentation de 1 % de la dépense moyenne par visiteur qui s'élève à 43,51 euros. La baisse de la fréquentation des parcs à thèmes traduit une diminution du nombre de visiteurs anglais et hollandais.

    Le chiffre d'affaires des hôtels et du Disney(R) Village diminue de 7 % pour s'établir à 205,3 millions d'euros contre 219,6 millions d'euros au titre du premier semestre de l'exercice précédent, reflétant une baisse de 6,2 points du taux d'occupation des hôtels qui s'élève à 79,6 %, partiellement compensée par une hausse de 1 % de la dépense moyenne par chambre qui atteint 189,67 euros. La diminution du taux d'occupation des hôtels s'est traduite par 65 000 nuitées de moins qu'au titre du premier semestre de l'exercice précédent, correspondant essentiellement à une diminution du nombre de visiteurs anglais et à une baisse des activités de tourisme d'affaires, partiellement compensées par une hausse du nombre de visiteurs français passant la nuit sur le site. L'augmentation de la dépense moyenne reflète la hausse du prix des chambres.

    Charges d'exploitation

    Premier Semestre Variation (en millions d'euros, non audité) 2010 2009 Montant % Charges d'exploitation directes (1) 475,5 481,1 (5,6) (1,2) % Dépenses de marketing et ventes 62,3 64,4 (2,1) (3,3) % Frais généraux et administratifs 56,0 53,2 2,8 5,3 % Charges d'exploitation 593,8 598,7 (4,9) (0,8) %

    (1) Les charges d'exploitation directes comprennent principalement les frais de personnel opérationnel, les dotations aux amortissements liées aux opérations, les coûts des ventes, les redevances de licence et la rémunération du gérant. Au titre des premiers semestres 2010 et 2009, les redevances de licence et la rémunération du gérant s'élevaient respectivement à 30,1 millions d'euros et 32,3 millions d'euros.

    Les charges d'exploitation directes sont en baisse de 5,6 millions d'euros par rapport au premier semestre de l'exercice précédent. Cette baisse traduit principalement une diminution des coûts liée à la baisse de l'activité et une baisse des taxes. Cette baisse est partiellement compensée par la hausse des salaires.

    Les dépenses de marketing et ventes sont en baisse de 2,1 millions d'euros par rapport au premier semestre de l'exercice précédent, reflétant un rythme des initiatives commerciales et marketing différent par rapport à celui du premier semestre de l'exercice précédent.

    Les frais généraux et administratifs sont en hausse de 2,8 millions d'euros par rapport au premier semestre de l'exercice précédent, traduisant l'amortissement de nouveaux systèmes informatiques et la hausse des salaires.

    Charges financières nettes

    Premier Semestre Variation (en millions d'euros, non audité) 2010 2009 Montant % Produits financiers 1,6 7,1 (5,5) (77,5) % Charges financières (41,7) (52,8) 11,1 (21,0) % Charges financières nettes (40,1) (45,7) 5,6 (12,3) %

    Les produits financiers diminuent de 5,5 millions d'euros par rapport au premier semestre de l'exercice précédent, reflétant la baisse des taux d'intérêt moyens à court terme.

    Les charges financières diminuent de 11,1 millions d'euros par rapport au premier semestre de l'exercice précédent, reflétant une baisse des taux d'intérêts et de la dette moyenne.

    Résultat net

    Au titre du Premier Semestre, la perte nette de l'ensemble consolidé s'établit à 114,5 millions d'euros contre une perte nette de 85,4 millions d'euros au titre du premier semestre de l'exercice précédent. La perte nette part du Groupe s'élève à 95,2 millions d'euros et la perte nette part des minoritaires s'établit à 19,3 millions d'euros. Cette augmentation de la perte nette s'explique par la baisse du chiffre d'affaires.

    Flux de trésorerie

    Au 31 mars 2010, la trésorerie et les équivalents de trésorerie s'élèvent à 283,5 millions d'euros, en baisse de 56,8 millions d'euros par rapport au 30 septembre 2009. Cette diminution est plus spécifiquement liée aux :

    Premier Semestre Variation (en millions d'euros, non audité) 2010 2009 Flux de trésorerie liés à l'exploitation 27,8 (23,2) 51,0 Flux de trésorerie utilisés pour les opérations d'investissement (39,6) (28,1) (11,5) Free cash flow utilisé (11,8) (51,3) 39,5 Flux de trésorerie liés aux opérations de financement (45,0) (43,0) (2,0) Variations de trésorerie et équivalents de trésorerie (56,8) (94,3) 37,5 Trésorerie et équivalents de trésorerie - Solde en début de période 340,3 374,3 (34,0) Trésorerie et équivalents de trésorerie - Solde en fin de période 283,5 280,0 3,5

    Le Free cash flow utilisé au cours du Premier Semestre s'établit à 11,8 millions d'euros contre 51,3 millions d'euros utilisés au cours du premier semestre de l'exercice précédent.

    Les flux de trésorerie générés par l'exploitation s'élèvent à 27,8 millions d'euros au cours du Premier Semestre contre 23,2 millions d'euros utilisés au cours du premier semestre de l'exercice précédent. Cette amélioration reflète un moindre besoin en fonds de roulement, notamment lié au report de paiement conditionnel de 45,2 millions d'euros de redevances de licence et d'intérêts en raison de la performance du Groupe au cours de l'exercice 2009. Ces montants ont été payés au cours du premier semestre de l'exercice précédent. L'effet positif du moindre besoin en fonds de roulement est partiellement compensé par la baisse du résultat d'exploitation.

    Les flux de trésorerie utilisés pour les opérations d'investissement s'élèvent à 39,6 millions d'euros au cours du Premier Semestre contre 28,1 millions d'euros utilisés au cours du premier semestre de l'exercice précédent. Cette augmentation reflète la construction de Toy Story Playland, dont l'ouverture est prévue cet été.

    Les flux de trésorerie utilisés par les opérations de financement et qui correspondent au remboursement de la dette s'élèvent à 45,0 millions d'euros au cours du Premier Semestre contre 43,0 millions d'euros utilisés au cours du premier semestre de l'exercice précédent.

    Les accords de financement du Groupe comprennent des engagements de restriction en matière d'investissements et d'endettement. Le Groupe doit également satisfaire à des engagements de ratios financiers, ce qui rend nécessaire une amélioration du résultat d'exploitation.

    Au titre de l'exercice 2010, si ces engagements de ratios financiers ne pouvaient être satisfaits, le Groupe serait amené à réduire ses coûts d'exploitation, une partie de ses dépenses d'investissements prévues et/ou solliciter l'aide de The Walt Disney Company ("TWDC") ou d'autres parties, dans les conditions prévues par les accords de financement. Même si aucune assurance ne peut être donnée, la direction estime que le Groupe dispose de ressources suffisantes pour un avenir prévisible compte tenu des disponibilités existantes, de la ligne de crédit disponible de 100,0 millions d'euros octroyée par TWDC et des possibilités de reports conditionnels du paiement d'une partie de la rémunération de la gérance, des redevances de licence et des intérêts.

    événements récents et à venir

    Nouvelle Génération Disney

    L'année de la Nouvelle Génération Disney a commencé le 2 avril sur le site. Mickey Mouse accueille dans les parcs les personnages les plus récents de l'univers Disney pour qu'ils prennent part à la fête : la Princesse Tiana et le Prince Naveen, du film d'animation de Walt Disney Pictures La Princesse et la Grenouille, ainsi que Rémy et Emile, du film Disney/Pixar Ratatouille.

    En août 2010, Toy Story Playland, ayant pour vedettes les héros des films d'animation Disney/Pixar Toy Story, fera son entrée au Parc Walt Disney Studios(R). Buzz l'Éclair invitera les visiteurs dans le jardin d'Andy où ils seront réduits à la taille de jouets. Toy Story Playland comprendra trois nouvelles attractions : Toy Story Mission Parachute, un saut en parachute avec les célèbres soldats verts d'Andy, le Zig Zag Tour, un circuit mouvementé pour toute la famille et RC Racer Vitesse Maximale ! avec son circuit en forme de U, haut de 25 mètres.

    Contrat de liquidité

    Le 1er avril 2010, la Société a annoncé le renouvellement du contrat de liquidité avec Oddo Corporate Finance pour une période de douze mois. Pour davantage d'informations, veuillez vous référer au communiqué de presse du 1er avril 2010 disponible sur le site internet de la Société.

    Echéances de remboursement des emprunts

    Le Groupe prévoit de rembourser 45,1 millions d'euros d'emprunts au cours du second semestre de l'exercice 2010, conformément aux échéances prévues.

    Webcast présentant les résultats du Premier Semestre : le 11 mai 2010 à 11h00 (heure de l'Europe centrale)

    Pour se connecter au webcast : http://corporate.disneylandparis.fr/relations-investisseurs/publications/index.xhtml

    Toutes les informations financières peuvent être consultées sur notre site internet http://corporate.disneylandparis.fr

    Code ISIN : FR0010540740

    Code Reuters : EDL.PA

    Code Bloomberg : EDL FP

    Le Groupe exploite le site de Disneyland(R) Paris qui comprend le Parc Disneyland(R), le Parc Walt Disney Studios(R), sept hôtels à thèmes d'une capacité totale d'environ 5 800 chambres (sans tenir compte d'environ 2 400 chambres des hôtels exploités par des partenaires tiers, localisés sur le site), deux centres de congrès, le centre de divertissements Disney(R) Village et un parcours de golf de 27 trous. L'activité du Groupe comprend également le développement d'un site de près de 2 000 hectares, dont la moitié reste à développer. Les actions d'Euro Disney S.C.A. sont inscrites et cotées sur Euronext Paris.

    Annexe 1 : Compte de résultat consolidé

    Annexe 2 : Compte de résultat consolidé par segment

    Annexe 3 : Etat de la situation financière consolidée

    Annexe 4 : Tableau des flux de trésorerie consolidés

    Annexe 5 : Tableau de variation des capitaux propres consolidés

    Annexe 6 : Tableau de variation des emprunts

    Annexe 7 : Définitions

    Annexe 1 EURO DISNEY S.C.A. Exercice 2010 Résultats du Premier Semestre Semestre clos le 31 mars 2010 Compte de résultat consolide Premier Semestre Variation (en millions d'euros, non audité) 2010 2009 Montant % Produits des activités ordinaires 519,5 558,8 (39,3) (7,0) % Charges d'exploitation (593,8) (598,7) 4,9 (0,8) % Résultat d'exploitation (74,3) (39,9) (34,4) 86,2 % Charges financières nettes (40,1) (45,7) 5,6 (12,3) % Résultat des sociétés mises en équivalence (0,1) 0,2 (0,3) n/r Résultat avant impôts (114,5) (85,4) (29,1) 34,1 % Impôts - - - n/a Résultat net de l'ensemble consolidé (114,5) (85,4) (29,1) 34,1 % Résultat net : Part du Groupe (95,2) (71,9) (23,3) 32,4 % Part des minoritaires (19,3) (13,5) (5,8) 43,0 % n/r : non représentatif. n/a : non applicable.

    Annexe 2 EURO DISNEY S.C.A. Exercice 2010 Résultats du Premier Semestre Semestre clos le 31 mars 2010 Compte de résultat consolide par segment Activités touristiques Premier Semestre Variation (en millions d'euros, non audité) 2010 2009 Montant % Produits des activités ordinaires 517,5 553,9 (36,4) (6,6) % Charges d'exploitation (592,0) (595,2) 3,2 (0,5) % Résultat d'exploitation (74,5) (41,3) (33,2) 80,4 % Charges financières nettes (40,0) (45,7) 5,7 (12,5) % Résultat des sociétés mises en équivalence - 0,2 (0,2) n/r Résultat avant impôts (114,5) (86,8) (27,7) 31,9 % Impôts - - - n/a Résultat net de l'ensemble consolidé (114,5) (86,8) (27,7) 31,9 % n/r : non représentatif. n/a : non applicable. Activités de développement immobilier

    Premier Semestre Variation (en millions d'euros, non audité) 2010 2009 Montant % Produits des activités ordinaires 2,0 4,9 (2,9) (59,2) % Charges d'exploitation (1,8) (3,5) 1,7 (48,6) % Résultat d'exploitation 0,2 1,4 (1,2) (85,7) % Charges financières nettes (0,1) - (0,1) n/a Résultat des sociétés mises en équivalence (0,1) - (0,1) n/a Résultat avant impôts - 1,4 (1,4) n/r Impôts - - - n/a Résultat net de l'ensemble consolidé - 1,4 (1,4) n/r n/r : non représentatif. n/a : non applicable.

    Annexe 3 EURO DISNEY S.C.A. Exercice 2010 Résultats du Premier Semestre Semestre clos le 31 mars 2010 Etat de la situation financière conSolidée Au 31 mars Au 30 septembre (en millions d'euros) 2010 2009 (non audité) Actifs non courants Immobilisations corporelles 1 995,1 2 035,5 Immeubles de placement 39,7 39,7 Immobilisations incorporelles 50,2 54,2 Trésorerie des entités ad hoc 73,2 70,2 Autres 12,7 13,2 2 170,9 2 212,8 Actifs courants Stocks 30,7 35,6 Clients, comptes rattachés et autres créances 97,2 111,8 Trésorerie et équivalents de trésorerie 283,5 340,3 Autres 12,3 14,6 423,7 502,3 Total actif 2 594,6 2 715,1 Capitaux propres Capital social 39,0 39,0 Primes d'émission 1 627,3 1 627,3 Réserves consolidées (1 573,7) (1 478,5) Autres (0,2) (1,2) Total capitaux propres - part du Groupe 92,4 186,6 Intérêts minoritaires 81,3 100,4 Total capitaux propres 173,7 287,0 Passifs non courants Emprunts 1 845,3 1 880,3 Produits constatés d'avance 28,2 29,1 Provisions 16,6 17,5 Autres 63,7 63,4 1 953,8 1 990,3 Passifs courants Fournisseurs et autres créditeurs 272,9 275,1 Emprunts 90,2 89,9 Produits constatés d'avance 102,2 68,9 Autres 1,8 3,9 467,1 437,8 Total passifs non courants et courants 2 420,9 2 428,1 Total capitaux propres et passif 2 594,6 2 715,1

    Annexe 4 EURO DISNEY S.C.A. Exercice 2010 Résultats du Premier Semestre Semestre clos le 31 mars 2010 TABLEAU DES FLUX DE TRESORERIE CONSOLIDES Premier Semestre (en millions d'euros, non audité) 2010 2009 Résultat net de l'ensemble consolidé (114,5) (85,4) Eléments sans effets sur la trésorerie ou sur les actifs et passifs circulant : - Dotations aux amortissements 81,8 78,7 - Augmentation des provisions - 0,8 - Autres 2,7 3,5 Variation des actifs et passifs circulants : - Variation des créances, produits constatés d'avance et autres actifs 45,0 26,3 - Variation des stocks 4,5 (0,7) - Variation des créditeurs et autres passifs 8,3 (46,4) Flux de trésorerie liés à l'exploitation 27,8 (23,2) Acquisition d'immobilisations corporelles et incorporelles (39,6) (28,1) Flux de trésorerie utilisés pour les opérations d'investissement (39,6) (28,1) Achats nets d'actions propres (0,2) (0,1) Remboursement des emprunts (44,8) (42,9) Flux de trésorerie liés aux opérations de financement (45,0) (43,0) Variations de trésorerie et équivalents de trésorerie (56,8) (94,3) Trésorerie et équivalents de trésorerie au début de la période 340,3 374,3 Trésorerie et équivalents de trésorerie à la fin de la période 283,5 280,0

    COMPLEMENT D'INFORMATION SUR lES FLUX DE TRESORERIE Premier Semestre (en millions d'euros, non audité) 2010 2009 Informations complémentaires : Paiement d'intérêts 24,9 49,4 Transactions financières et d'investissement sans flux de trésorerie : Transfert des intérêts courus des emprunts subordonnés TWDC et CDC en emprunts 9,1 5,3 Report des redevances de licence et de la rémunération du Gérant en emprunts - 25,0

    Annexe 5 EURO DISNEY S.C.A. Exercice 2010 Résultats du Premier Semestre Semestre clos le 31 mars 2010 Tableau DE VARIATION DES CAPITAUX PROPRES consolides Au 30 Résultat du septembre Premier Au 31 mars (en millions d'euros) 2009 Semestre 2010 Autres 2010 (non (non (non audité) audité) audité) Capitaux propres Capital social 39,0 - - 39,0 Prime d'émission 1 627,3 - - 1 627,3 Réserves consolidées (1 478,5) (95,2) - (1 573,7) Autres (1,2) - 1,0 (0,2) Total capitaux propres - part du Groupe 186,6 (95,2) 1,0 92,4 Intérêts minoritaires 100,4 (19,3) 0,2 81,3 Total capitaux propres 287,0 (114,5) 1,2 173,7

    ANNEXE 6 Tableau DE VARIATION DES EMPRUNTS Premier Semestre 2010 (non audité) Au 30 Au 31 (en millions septembre Transferts mars d'euros) 2009 Augmentations Diminutions (4) 2010 (non audité) Emprunts CDC seniors 238,9 - - (1,0) 237,9 Emprunts CDC subordonnés 776,8 6,5 (1) - (0,9) 782,4 Emprunt de la Phase IA 96,6 0,6 (2) - (31,5) 65,7 Emprunt de la Phase IB 69,0 0,4 (2) - (10,1) 59,3 Avances Associés - Phase IA 304,9 - - - 304,9 Avances Associés - Phase IB 89,8 - - (1,6) 88,2 Emprunts TWDC 304,3 2,6 (3) - - 306,9 Emprunts non courants 1 880,3 10,1 - (45,1) 1 845,3 Emprunts CDC seniors 1,6 - (0,8) 1,0 1,8 Emprunts CDC subordonnés 1,8 - (0,8) 0,9 1,9 Emprunt de la Phase IA 63,1 - (31,5) 31,5 63,1 Emprunt de la Phase IB 20,2 - (10,1) 10,1 20,2 Avances Associés - Phase IB 3,2 - (1,6) 1,6 3,2 Emprunts courants 89,9 - (44,8) 45,1 90,2 Total emprunts 1 970,2 10,1 (44,8) - 1 935,5

    (1) Augmentation liée au report contractuel d'intérêts courus sur certains emprunts CDC subordonnés dont 5,1 millions d'euros d'intérêts du Premier Semestre reportés de façon conditionnelle sur la base de la performance 2009 du Groupe.

    (2) Ajustement pour taux d'intérêt effectif. Suite à la restructuration financière de 2005, ces emprunts ont été modifiés de façon substantielle. Conformément à la norme IAS 39, la valeur comptable de cette dette a été remplacée par sa juste valeur après modification. L'ajustement pour taux d'intérêt effectif reflète le taux d'intérêt estimé sur le marché lors de la modification, lequel était supérieur au taux contractuel.

    (3) Augmentation liée au report contractuel d'intérêts courus sur les emprunts TWDC.

    (4) Transferts des emprunts non courants en emprunts courants, sur la base des échéances contractuelles de remboursement des douze prochains mois.

    Annexe 7 EURO DISNEY S.C.A. Exercice 2010 Résultats du Premier Semestre Semestre clos le 31 mars 2010 DEFINITIONS

    L'EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) correspond au résultat d'exploitation avant dotations aux amortissements. L'EBITDA ne mesure pas la performance financière telle qu'elle est définie selon les normes IFRS et ne doit pas être considéré comme un substitut aux autres indicateurs que sont le résultat d'exploitation, le résultat net ou les flux de trésorerie liés à l'exploitation dans l'évaluation des résultats financiers du Groupe. Cependant, la direction estime que l'EBITDA constitue un indicateur pertinent de l'appréciation de l'activité du Groupe.

    Le Free cash flow correspond aux flux de trésorerie liés à l'exploitation moins ceux utilisés pour les opérations d'investissement. Le Free cash flow ne mesure pas la performance financière telle qu'elle est définie selon les normes IFRS et ne doit pas être considéré comme un substitut aux autres indicateurs que sont le résultat d'exploitation, le résultat net ou les flux de trésorerie liés à l'exploitation dans l'évaluation des résultats financiers du Groupe. Cependant, la direction estime que le Free cash flow constitue un indicateur pertinent de l'appréciation de l'activité du Groupe.

    La fréquentation des parcs à thèmes correspond au nombre de visiteurs des parcs à thèmes enregistré sur la base de la première entrée, c'est-à-dire qu'une personne visitant les deux parcs dans la même journée ne sera comptée qu'une seule fois.

    La dépense moyenne par visiteur correspond au montant hors taxes moyen par jour comprenant le prix d'entrée et les dépenses en restauration et en marchandises et autres services dans les parcs à thèmes.

    Le taux d'occupation des hôtels correspond au nombre de chambres occupées par jour en pourcentage du nombre de chambres total (le nombre de chambres total est d'environ 5 800 chambres).

    La dépense moyenne par chambre correspond au montant hors taxes moyen par jour comprenant le prix de la chambre et les dépenses en restauration et en marchandises et autres services dans les hôtels.

    ---------------------------------

    [1] Veuillez vous référer à l'Annexe 7 pour la définition de l'EBITDA, du Free cash flow et des statistiques opérationnelles clés.

    Communication Corporate Laurent Manologlou Tel : +331-64-74-59-50 Fax : +331-64-74-59-69 e-mail : laurent.manologlou@disney.com Relations Investisseurs Olivier Lambert Tel : +331-64-74-58-55 Fax : +331-64-74-56-36 e-mail : olivier.lambert@disney.com Direction de la Communication Jeff Archambault Tel : +331-64-74-59-50 Fax : +331-64-74-59-69 e-mail : jeff.archambault@disney.com

    Euro Disney S.C.A.

    Communication Corporate: Laurent Manologlou, Tel : +331-64-74-59-50, Fax : +331-64-74-59-69, e-mail : laurent.manologlou@disney.com. Relations Investisseurs, Olivier Lambert, Tel : +331-64-74-58-55, Fax : +331-64-74-56-36, e-mail : olivier.lambert@disney.com. Direction de la Communication, Jeff Archambault, Tel : +331-64-74-59-50, Fax : +331-64-74-59-69, e-mail : jeff.archambault@disney.com




    Fraport Traffic Figures - April 2010

    FRANKFURT, May 11, 2010 /PRNewswire/ --

    - Ash Cloud Overshadows Statistics

    - Volcanic Eruption Causes Decline in FRA and Group

    - Passenger Figures - Cargo Continues to Grow Strongly

    The volcanic eruption beneath Iceland's Eyjafjallajokull glacier and the resulting ash cloud that spread over European airspace brought flight operations at Frankfurt Airport (FRA) to a standstill for five days during April 2010. It took another three days for FRA's flight schedule to get completely back to normal. For Fraport, Frankfurt Airport's owner and manager, this shutdown resulted in almost a 17 percent drop in passenger traffic year-on-year. Thus, the FRA international hub served about 3.5 million passengers in the reporting month - the first time since April 2003 that FRA has not exceeded the four million passenger mark.

    In April 2010, aircraft movements dropped by 16 percent year-on-year to some 32,000 takeoffs and landings. Cumulative maximum takeoff weights (MTOWs) fell by 12.4 percent to almost 2.0 million metric tons. Surging ahead by 23 percent despite the numerous flight cancellations, only airfreight tonnage continued its path of growth recovery since the beginning of the year. In total, FRA handled 166,276 metric tons of airfreight last month.

    The flight freeze that lasted for days also impacted FRA's cumulative traffic figures for the year to date (January-to-April 2010). Fraport still completed the first quarter of 2010 at Frankfurt Airport with a 3.9 percent rise in passenger traffic, while passenger figures in April

    2010 slipped by 1.9 percent. Due to the April 2010 flight shutdown, FRA registered 4.2 percent fewer takeoffs and landings during the past four months, compared to the same period in 2009. MTOWs fell by 1.4 percent. In contrast, airfreight tonnage continued to flourish at FRA by approximately 31 percent since the beginning of this year.

    Commenting on the latest traffic figures, Fraport AG's executive board chairman Dr. Stefan Schulte said: "The closure of European airspace over many days certainly hurt air traffic at our Frankfurt Airport home base. However, due to Asia's robust economic development and the noticeable economic recovery here, we are confident that passenger traffic will increase by 1.0 to 2.0 percent in the current business year - if no further unforeseen incidents sharply reduce flight operations." Schulte took the opportunity to thank Fraport staff for their personal commitment in making the situation as comfortable as possible for passengers stranded at FRA's terminals: "This was the real challenge presented by Eyjafjalla and mastered by our dedicated staff with flying colors."

    Iceland's volcanic eruption also negatively impacted Fraport's Group passenger figures in April 2010, which dropped by 9.6 percent to a total of 5.4 million. The majority-owned airports of Lima (LIM), Antalya (AYT) and Burgas (BOJ) developed positively. Group cargo (airfreight + airmail) tonnage reached about 188 million metric tons, up 20.4 percent. Aircraft movements declined by 7.8 percent to some 51,000 takeoffs and landings.

    Looking at the year to date, Eyjafjalla did not affect Fraport's Group figures negatively. Traffic growth at FRA during the first quarter along with the positive development of the Group airports in Turkey

    (AYT), Peru (LIM) and Bulgaria (VAR and BOJ) - which were unaffected by the ash cloud - offset Frankfurt's April 2010 traffic slide. Thus, Group traffic still grew by 2.6 percent to 21 million passengers from January to April 2010. Cargo jumped by 28.2 percent to about 777,000 metric tons. Aircraft movements climbed by 0.9 percent year-on-year to nearly 205.000 takeoffs and landings.

    Print-quality photos of Frankfurt Airport and Fraport AG are available free for downloading via the Internet at www.fraport.com (Menu: select Press Center > then Photo Service). For TV news and information broadcasting purposes only, we also offer free footage material for downloading via http://fraport.cms-gomex.com.

    Frankfurt Airport's Traffic Figures - April 2010

    April Change (2) Change (2) 2010 April 10/ Jan. - Jan. - April 09 April 2010 April 10/09 Passengers (1) 3,537,183 -16.9 % 14,882,078 -1.9 % Airfreight (1) 166,276 23.0 % 690,690 30.8 % in metric tons Airmail 5,382 -17.3 % 24,691 -5.7 % in metric tons Aircraft Movements (3) 32,195 -16.0 % 140,904 -4.2 % MTOWs 1,970,185 -12.4 % 8,427,290 -1.4 % in metric tons Punctuality 79.1 67.5 share of punctual arrivals and departures in percent 1 Total traffic (arrivals + departures + transit) 2 Change over previous year 3 Excluding military flights

    Fraport Group - Traffic Figures for April 2010

    Airports Cargo in Aircraft metric Movements Passengers[2] Change tons abs. Change Change (+ absolute absolute in % airmail) in % in % Frankfurt(FRA) 3,536,881 -16.9 169,463 21.2 32,195 -16.0 Antalya(AYT)(2) 1,108,378 11.9 n.a. n.a. 8,572 14.8 Burgas (BOJ) 6,555 12.7 690 163.7 352 14.7 Lima (LIM)(3) 738,004 4.4 17,674 11.1 9,450 8.3 Varna (VAR) 31,433 -6.9 4 -12.1 567 -6.3 Fraport Group 5,421,251 -9.6 187,831 20.4 51,136 -7.8 1 Passengers (commercial traffic: arrivals + departures + transit) 2 Adjusted for 2009 base-year value. 3 Figures provided by LIM

    For Further Information, Please Contact: Fraport AG Frankfurt Airport Services Worldwide Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR Press Office (Dept. UKM-PS), Corporate Communications 60547 Frankfurt am Main, Federal Republic of Germany Tel.: +49-69-690-78547; Fax: +49-69-690-60548; E-mail: r.payne@fraport.de; Internet: http://www.fraport.com

    Fraport AG

    For Further Information, Please Contact: Fraport AG Frankfurt Airport Services Worldwide, Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR, Press Office (Dept. UKM-PS), Corporate Communications, 60547 Frankfurt am Main, Federal Republic of Germany, Tel.: +49-69-690-78547; Fax: +49-69-690-60548; E-mail: r.payne@fraport.de; Internet: http://www.fraport.com




    Fraport Interim Report - First Quarter 2010: EBITDA and Revenue Growing

    FRANKFURT, Germany, May 11, 2010 /PRNewswire/ --

    - Fraport Expects Passenger Growth to Continue for the Entire Year

    FRA/rap> The Fraport Group closed the first quarter of 2010 with operating results of EUR115.8 million. EBITDA (earnings before interest, tax, depreciation and amortization) climbed by 12.4 percent year-on-year. Revenue reached EUR476.1 million in the first three months of the year, which represents a year-on-year increase of 4.3 percent. Group profit shrank from EUR20 million to EUR4 million. The decline was primarily due to higher interest expenses for the company's extensive capital expenditures at Frankfurt Airport (FRA) and a base-year effect from extraordinary income in the spring of 2009.

    Despite the unusually harsh winter weather - affecting especially FRA - and the pilot strike in the spring, all signs indicated growth again in the first quarter of fiscal 2010. However, the volcanic eruption in Iceland clearly depressed traffic figures in April 2010. "Nonetheless, we are expecting passenger traffic to grow group-wide in 2010; this should be reflected correspondingly by the full-year balance sheet," said Fraport AG's executive board chairman Dr. Stefan Schulte, commenting on the positive interim results. "Especially because of the positive development of Fraport's international airport investments, Group EBITDA for the entire fiscal year 2010 is anticipated to reach approximately EUR635 million. Group profit should achieve the previous year's level again," Schulte added.

    The Fraport Group's five majority-owned airports welcomed just under 15.7 million passengers in the first quarter of 2010 (up 7.7 percent year-on-year) and handled a total of almost 590,000 metric tons of cargo (up 30.8 percent). At the FRA home base, passenger traffic climbed by 3.9 percent to well over 11.3 million passengers and cargo throughput increased by 31.5 percent to some 535,000 metric tons.

    Revenue reached EUR476.1 million in the first quarter of 2010, EUR19.6 million more than in the same period last year. Adjusting for the disposal of Fraport's investment in Hahn Airport, Group revenue grew by EUR25.4 million (up 5.6 percent) in the first three months of the year. This revenue increase was primarily due to extremely positive traffic development at FRA (plus EUR14.7 million). Outside Frankfurt, positive revenue impulses were registered primarily at Antalya Airport (plus EUR5.1 million).

    On the expenditure side, staff costs only slightly exceeded the previous year's level, rising by 1.6 percent to EUR222.5 million - despite the higher traffic volume.

    Non-staff costs (material and other operating costs) fell by 2.3 percent to EUR155.3 million. With EUR377.8 million, total operating expenses remained nearly unchanged compared to the same period last year.

    Revenue growth as well as the generally moderate development of expenses resulted in Group EBITDA of EUR115.8 million (up 12.4 percent). Correspondingly, the EBITDA margin rose from 22.6 percent to 24.3 percent.

    Compared to the January-to-March period last year, the financial result deteriorated noticeably, falling from minus EUR11.9 million to minus EUR42.3 million in the first quarter of 2010. Reasons for this decline included higher interest expenses because of higher net financial debt than in the same period last year. As a result, basic earnings per share dropped from EUR0.22 to EUR0.05.

    Note to Editors:

    Fraport AG's interim report for the first three months of 2010 (first quarter) is available via http://www.fraport.com (see Investor Relations section of our Web site).

    _______________________________________________________________________

    Print-quality photos of Frankfurt Airport and Fraport AG are available free for downloading via the Internet at http://www.fraport.com (Menu: select Press Center > then Photo Service). For TV news and information broadcasting purposes only, we also offer free footage material for downloading via http://fraport.cms-gomex.com.

    _______________________________________________________________________

    For Further Information, Please Contact: Fraport AG Frankfurt Airport Services Worldwide Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR Press Office (Dept. UKM-PS), Corporate Communications 60547 Frankfurt am Main, Federal Republic of Germany Tel.: +49-69-690-78547; Fax: +49-69-690-60548; E-mail: r.payne@fraport.de; Internet: http://www.fraport.com

    Fraport AG

    For Further Information, Please Contact: Fraport AG Frankfurt Airport Services Worldwide, Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR, Press Office (Dept. UKM-PS), Corporate Communications, 60547 Frankfurt am Main, Federal Republic of Germany, Tel.: +49-69-690-78547; Fax: +49-69-690-60548; E-mail: r.payne@fraport.de; Internet: http://www.fraport.com




    Verizon Business Enhances European Network and Plans for Activation of Europe India Gateway Cable Later in 2010Ultra-Long-Haul Network Enables High-Speed Routes and More Capabilities

    READING, England, May 11 /PRNewswire/ -- Verizon Business is enhancing its European network infrastructure to help meet data-growth demands of its enterprise customers and prepare for the activation of the Europe India Gateway submarine cable network system later this year.

    Placing customer benefits at the forefront of the European infrastructure investment decisions, the company is expanding its ultra-long-haul network; increasing the number of new and diverse multiprotocol label switching nodes for Private IP customers; adding converged packet architecture sites to help customers move their services onto one common access interface; and making final preparations at the Marseille, France, cable terminal, where customer traffic will move from the 15,000-kilometer Europe India Gateway cable system directly onto the Verizon Business European network.

    "We are enhancing the European network capabilities to prepare for the growth of traffic from the Middle East and India that will follow the implementation of new IP and Ethernet nodes as well as the next generation of cable systems currently under construction," said Ihab Tarazi, vice president of Verizon global network planning.

    After completing the ULH expansion project throughout France, which will become a critical route to move traffic from the Europe India Gateway (EIG) cable to the Verizon Business European network, the company is focused on a 1,300-kilometer ULH expansion project in the United Kingdom and a new diverse link between Europe and the U.K. The company also is increasing the capability, as needed, of its ULH network, moving from 10 gigabits per second to 40G and even 100G on the Paris-to-Frankfurt route.

    "Our multiyear ultra-long-haul program not only is a key factor for increasing our backbone network capacity, but also for what we can deliver to our customers," Tarazi said. "This network enables us to give our customers the higher speeds they need to support video, data and the expansion of data centers and cloud services."

    (Listen here for more information about the Verizon Business ultra-long-haul project.)

    With 214 global Private IP sites available on the Verizon Business network, the company plans to add more than 55 expansion sites within the next two years, including 22 sites in Europe and seven in the Middle East and India.

    Verizon Business also is expanding its converged packet architecture (CPA) network in Europe this year, adding locations in Germany (Hamburg and Munich) and in the Netherlands (Rotterdam) to the 127 sites already on the global CPA network.

    One of the most significant network enhancements to the European network during 2010 will be the activation of the EIG submarine cable system later this year. With more than 93 percent of the marine installation completed, this next-generation, undersea optical cable system will link 12 countries/territories and connect Europe, the Middle East and India, giving Verizon Business customers direct access to the company's European and India networks. Verizon Business is one of 16 companies building this cable.

    "The EIG is using the most advanced technology available today for building submarine cables and will deliver significant capacity and diversity into many key areas," Tarazi said. "As the world's leading companies grow their presence in emerging market regions, they know they can rely on Verizon Business' leading global network to support their business applications."

    With a design capacity of up to 3.84 terabits per second, the EIG cable will provide Verizon Business a second, diverse connection into the company's Marseille cable terminal. The Southeast Asia-Middle East-West Europe 4 (SEA-ME-WE 4) submarine cable also lands at the Marseille site, and has diverse fiber routes and equipment rooms at the facility. Verizon Business is the only U.S.-based founding member of SEA-ME-WE 4.

    Verizon Business is a global leader in helping engineer and design submarine cable networks, and the EIG is the third major undersea cable network system the company has helped launch in the last five years.

    About Verizon Business

    Verizon Business, a unit of Verizon Communications , is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees - enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments - including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions - rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com/.

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

    Verizon Business

    CONTACT: Linda Laughlin, +1-918-590-5595,
    linda.laughlin@verizonbusiness.com or Jo Perrin, +44-770-252-5868,
    jo.perrin@verizonbusiness.com

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

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




    Fraport Traffic Figures - April 2010

    FRANKFURT, May 11, 2010 /PRNewswire-FirstCall/ --

    - Ash Cloud Overshadows Statistics - Volcanic Eruption Causes Decline in FRA and Group - Passenger Figures - Cargo Continues to Grow Strongly

    The volcanic eruption beneath Iceland's Eyjafjallajokull glacier and the resulting ash cloud that spread over European airspace brought flight operations at Frankfurt Airport (FRA) to a standstill for five days during April 2010. It took another three days for FRA's flight schedule to get completely back to normal. For Fraport, Frankfurt Airport's owner and manager, this shutdown resulted in almost a 17 percent drop in passenger traffic year-on-year. Thus, the FRA international hub served about 3.5 million passengers in the reporting month - the first time since April 2003 that FRA has not exceeded the four million passenger mark.

    In April 2010, aircraft movements dropped by 16 percent year-on-year to some 32,000 takeoffs and landings. Cumulative maximum takeoff weights (MTOWs) fell by 12.4 percent to almost 2.0 million metric tons. Surging ahead by 23 percent despite the numerous flight cancellations, only airfreight tonnage continued its path of growth recovery since the beginning of the year. In total, FRA handled 166,276 metric tons of airfreight last month.

    The flight freeze that lasted for days also impacted FRA's cumulative traffic figures for the year to date (January-to-April 2010). Fraport still completed the first quarter of 2010 at Frankfurt Airport with a 3.9 percent rise in passenger traffic, while passenger figures in April

    2010 slipped by 1.9 percent. Due to the April 2010 flight shutdown, FRA registered 4.2 percent fewer takeoffs and landings during the past four months, compared to the same period in 2009. MTOWs fell by 1.4 percent. In contrast, airfreight tonnage continued to flourish at FRA by approximately 31 percent since the beginning of this year.

    Commenting on the latest traffic figures, Fraport AG's executive board chairman Dr. Stefan Schulte said: "The closure of European airspace over many days certainly hurt air traffic at our Frankfurt Airport home base. However, due to Asia's robust economic development and the noticeable economic recovery here, we are confident that passenger traffic will increase by 1.0 to 2.0 percent in the current business year - if no further unforeseen incidents sharply reduce flight operations." Schulte took the opportunity to thank Fraport staff for their personal commitment in making the situation as comfortable as possible for passengers stranded at FRA's terminals: "This was the real challenge presented by Eyjafjalla and mastered by our dedicated staff with flying colors."

    Iceland's volcanic eruption also negatively impacted Fraport's Group passenger figures in April 2010, which dropped by 9.6 percent to a total of 5.4 million. The majority-owned airports of Lima (LIM), Antalya (AYT) and Burgas (BOJ) developed positively. Group cargo (airfreight + airmail) tonnage reached about 188 million metric tons, up 20.4 percent. Aircraft movements declined by 7.8 percent to some 51,000 takeoffs and landings.

    Looking at the year to date, Eyjafjalla did not affect Fraport's Group figures negatively. Traffic growth at FRA during the first quarter along with the positive development of the Group airports in Turkey

    (AYT), Peru (LIM) and Bulgaria (VAR and BOJ) - which were unaffected by the ash cloud - offset Frankfurt's April 2010 traffic slide. Thus, Group traffic still grew by 2.6 percent to 21 million passengers from January to April 2010. Cargo jumped by 28.2 percent to about 777,000 metric tons. Aircraft movements climbed by 0.9 percent year-on-year to nearly 205.000 takeoffs and landings.

    Print-quality photos of Frankfurt Airport and Fraport AG are available free for downloading via the Internet at http://www.fraport.com/ (Menu: select Press Center > then Photo Service). For TV news and information broadcasting purposes only, we also offer free footage material for downloading via http://fraport.cms-gomex.com/.

    Frankfurt Airport's Traffic Figures - April 2010 April Change (2) Change (2) 2010 April 10/ Jan. - Jan. - April 09 April 2010 April 10/09 Passengers (1) 3,537,183 -16.9 % 14,882,078 -1.9 % Airfreight (1) 166,276 23.0 % 690,690 30.8 % in metric tons Airmail 5,382 -17.3 % 24,691 -5.7 % in metric tons Aircraft Movements (3) 32,195 -16.0 % 140,904 -4.2 % MTOWs 1,970,185 -12.4 % 8,427,290 -1.4 % in metric tons Punctuality 79.1 67.5 share of punctual arrivals and departures in percent 1 Total traffic (arrivals + departures + transit) 2 Change over previous year 3 Excluding military flights Fraport Group - Traffic Figures for April 2010 Airports Cargo in Aircraft metric Movements Passengers[2] Change tons abs. Change Change (+ absolute absolute in % airmail) in % in % Frankfurt(FRA) 3,536,881 -16.9 169,463 21.2 32,195 -16.0 Antalya(AYT)(2) 1,108,378 11.9 n.a. n.a. 8,572 14.8 Burgas (BOJ) 6,555 12.7 690 163.7 352 14.7 Lima (LIM)(3) 738,004 4.4 17,674 11.1 9,450 8.3 Varna (VAR) 31,433 -6.9 4 -12.1 567 -6.3 Fraport Group 5,421,251 -9.6 187,831 20.4 51,136 -7.8 1 Passengers (commercial traffic: arrivals + departures + transit) 2 Adjusted for 2009 base-year value. 3 Figures provided by LIM For Further Information, Please Contact: Fraport AG Frankfurt Airport Services Worldwide Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR Press Office (Dept. UKM-PS), Corporate Communications 60547 Frankfurt am Main, Federal Republic of Germany Tel.: +49-69-690-78547; Fax: +49-69-690-60548; E-mail: r.payne@fraport.de; Internet: http://www.fraport.com/

    Fraport AG

    CONTACT: For Further Information, Please Contact: Fraport AG Frankfurt
    Airport Services Worldwide, Robert A. Payne, B.A.A. - Senior Mgr.
    International Press & PR, Press Office (Dept. UKM-PS), Corporate
    Communications, 60547 Frankfurt am Main, Federal Republic of Germany, Tel.:
    +49-69-690-78547; Fax: +49-69-690-60548; E-mail: r.payne@fraport.de;
    Internet: http://www.fraport.com/




    Fraport Interim Report - First Quarter 2010: EBITDA and Revenue GrowingFraport Expects Passenger Growth to Continue for the Entire Year

    FRANKFURT, Germany, May 11, 2010 /PRNewswire-FirstCall/ -- FRA/rap> The Fraport Group closed the first quarter of 2010 with operating results of EUR115.8 million. EBITDA (earnings before interest, tax, depreciation and amortization) climbed by 12.4 percent year-on-year. Revenue reached EUR476.1 million in the first three months of the year, which represents a year-on-year increase of 4.3 percent. Group profit shrank from EUR20 million to EUR4 million. The decline was primarily due to higher interest expenses for the company's extensive capital expenditures at Frankfurt Airport (FRA) and a base-year effect from extraordinary income in the spring of 2009.

    Despite the unusually harsh winter weather - affecting especially FRA - and the pilot strike in the spring, all signs indicated growth again in the first quarter of fiscal 2010. However, the volcanic eruption in Iceland clearly depressed traffic figures in April 2010. "Nonetheless, we are expecting passenger traffic to grow group-wide in 2010; this should be reflected correspondingly by the full-year balance sheet," said Fraport AG's executive board chairman Dr. Stefan Schulte, commenting on the positive interim results. "Especially because of the positive development of Fraport's international airport investments, Group EBITDA for the entire fiscal year 2010 is anticipated to reach approximately EUR635 million. Group profit should achieve the previous year's level again," Schulte added.

    The Fraport Group's five majority-owned airports welcomed just under 15.7 million passengers in the first quarter of 2010 (up 7.7 percent year-on-year) and handled a total of almost 590,000 metric tons of cargo (up 30.8 percent). At the FRA home base, passenger traffic climbed by 3.9 percent to well over 11.3 million passengers and cargo throughput increased by 31.5 percent to some 535,000 metric tons.

    Revenue reached EUR476.1 million in the first quarter of 2010, EUR19.6 million more than in the same period last year. Adjusting for the disposal of Fraport's investment in Hahn Airport, Group revenue grew by EUR25.4 million (up 5.6 percent) in the first three months of the year. This revenue increase was primarily due to extremely positive traffic development at FRA (plus EUR14.7 million). Outside Frankfurt, positive revenue impulses were registered primarily at Antalya Airport (plus EUR5.1 million).

    On the expenditure side, staff costs only slightly exceeded the previous year's level, rising by 1.6 percent to EUR222.5 million - despite the higher traffic volume.

    Non-staff costs (material and other operating costs) fell by 2.3 percent to EUR155.3 million. With EUR377.8 million, total operating expenses remained nearly unchanged compared to the same period last year.

    Revenue growth as well as the generally moderate development of expenses resulted in Group EBITDA of EUR115.8 million (up 12.4 percent). Correspondingly, the EBITDA margin rose from 22.6 percent to 24.3 percent.

    Compared to the January-to-March period last year, the financial result deteriorated noticeably, falling from minus EUR11.9 million to minus EUR42.3 million in the first quarter of 2010. Reasons for this decline included higher interest expenses because of higher net financial debt than in the same period last year. As a result, basic earnings per share dropped from EUR0.22 to EUR0.05.

    Note to Editors:

    Fraport AG's interim report for the first three months of 2010 (first quarter) is available via http://www.fraport.com/ (see Investor Relations section of our Web site).

    _______________________________________________________________________

    Print-quality photos of Frankfurt Airport and Fraport AG are available free for downloading via the Internet at http://www.fraport.com/ (Menu: select Press Center > then Photo Service). For TV news and information broadcasting purposes only, we also offer free footage material for downloading via http://fraport.cms-gomex.com/.

    _______________________________________________________________________ For Further Information, Please Contact: Fraport AG Frankfurt Airport Services Worldwide Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR Press Office (Dept. UKM-PS), Corporate Communications 60547 Frankfurt am Main, Federal Republic of Germany Tel.: +49-69-690-78547; Fax: +49-69-690-60548; E-mail: r.payne@fraport.de; Internet: http://www.fraport.com/

    Fraport AG

    CONTACT: For Further Information, Please Contact: Fraport AG Frankfurt
    Airport Services Worldwide, Robert A. Payne, B.A.A. - Senior Mgr.
    International Press & PR, Press Office (Dept. UKM-PS), Corporate
    Communications, 60547 Frankfurt am Main, Federal Republic of Germany, Tel.:
    +49-69-690-78547; Fax: +49-69-690-60548; E-mail: r.payne@fraport.de;
    Internet: http://www.fraport.com/




    Verizon Business Delivers Cloud-Based Solution for Quickly and Securely Connecting Mobile Workers to Their Corporate NetworksNew 'Enterprise Mobility as a Service' Offering Helps Companies Cost-Effectively Manage Global Workforces

    BASKING RIDGE, N.J., May 11 /PRNewswire/ -- An innovative, new cloud-based service from Verizon Business will help on-the-go workers quickly and securely access their corporate networks, while making it easier for IT managers to manage a global mobile workforce.

    The new offering, Enterprise Mobility as a Service, uses advanced software and an intuitive user interface to enable employee laptops and netbooks to detect and connect to the best network service at a given time and place - for example, the network with the strongest signal or the one with the lowest charges. Businesses can configure employees' portable computers to select the appropriate network, automatically or with the single click of a mouse. The networks include Wi-Fi, Ethernet, mobile broadband and virtual private network services.

    Because the service is so easy to use, it can help increase worker adoption while reducing the need for IT training and technical support.

    In addition, since the service is delivered via the cloud, comprising Verizon's global network and IT infrastructure, IT managers can more effectively manage and secure employee remote access by automatically installing software updates, IT policies and patches across an enterprise workforce. The service also provides up-to-date, detailed inventory reports on all hardware, software and devices, including wireless cards installed on corporate-owned equipment.

    "Enterprise Mobility as a Service helps address an assortment of challenges multinational companies face deploying, managing and securing the tools of the trade for a mobile workforce," said Bart Vansevenant, director of enterprise solutions for Verizon Business. "The combination of simplicity and reliability helps employees access their corporate network while alleviating the strain on IT department resources, leading to greater enterprise productivity."

    The Enterprise Mobility solution will be available next month in 30 countries and territories in Europe, Asia-Pacific and the Americas, with local billing, currency and support options available. Since the solution is sold as a service, customers are charged monthly on a per user basis, so they pay for only what they use.

    Separately, the company on Tuesday (May 11) also announced a new Global Fixed Mobile Convergence service that automatically determines cost-effective routes for roaming mobile calls that are transmitted via mobile network service operators and Verizon's network-based voice-over-IP service. Both new offerings join Verizon Business' comprehensive portfolio of mobility solutions, including Managed Mobility and professional IT consulting services.

    Converged IP and IT Services in the Cloud

    Verizon is leading the industry toward an "everything-as-a-service" (EaaS) model where cloud-based converged solutions are securely delivered through managed and professional services over the company's global IP network. Verizon is assembling the key components of that powerful approach to serving enterprises, and the addition of Enterprise Mobility as a Service is another step in that evolution. The EaaS platform - with Verizon's global IP network and data centers as its foundation -- will enable enterprises to do business better by getting what they need, when they need it, where they need it.

    About Verizon Business

    Verizon Business, a unit of Verizon Communications , is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees - enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments - including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions - rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com/.

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

    Verizon Business

    CONTACT: U.S., Maria Montenegro, +1-703-886-6063,
    Maria.montenegro@verizon.com; or Europe, Clare Ward, +44-0-118-905-3501,
    clare.ward@uk.verizonbusiness.com; or Asia-Pacific, Junaidah Dahlan,
    +65-6248-6827, junaidah.dahlan@sg.verizonbusiness.com, all for Verizon
    Business

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

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




    Verizon Business Unveils New Fixed Mobile Convergence Offering in EuropeHelps Companies Enhance Productivity and Cut Roaming Costs to Cost-Effectively Equip a Mobile Workforce

    BASKING RIDGE, N.J., May 11 /PRNewswire/ -- As companies increasingly rely on mobile phones and other handheld devices to drive employee productivity both in and out of the office, the costs associated with operating these devices are becoming a major issue. To help meet this challenge, Verizon Business is introducing Global Fixed Mobile Convergence, a new service that can significantly reduce mobile phone roaming charges for European workers who make and receive calls outside of their home service area.

    The new service also offers a universal phone number with "find me/follow me" capabilities to reach employees on a wireline or mobile phone for immediate attention, reducing the number of voicemails and spurring productivity.

    "With Global Fixed Mobile Convergence, companies no longer need to wrestle with productivity versus cost management to keep their business in full gear," said Anthony Recine, vice president of network and communications solutions for Verizon Business. "This innovative new service helps on-the-go workers remain in touch with customers and other business colleagues while reducing the cumulative roaming charges for hundreds or thousands of roving workers."

    Listen to a podcast to learn more about Verizon Global Fixed Mobile Convergence

    (http://www.verizonbusiness.com/resources/media/index-130856-fixed_mobile_ convergence.xml).

    Using advanced software from MobileMax, Verizon Global Fixed Mobile Convergence determines cost-effective routing for mobile calls. The service dynamically directs calls to either Verizon's cloud-based global voice-over-IP communications platform, powered by Broadsoft, or to the customer's mobile network service if that is the more cost-effective option. This is particularly powerful in helping to contain roaming costs for workers placing and receiving calls outside of their network coverage area, or when making international calls from their home country.

    Verizon Global FMC is available immediately to Verizon Business customers in nine European countries: Belgium, France, Germany, Ireland, Italy, the Netherlands, Spain, Sweden and the United Kingdom. In addition, enterprises headquartered in the U.S. and Asia-Pacific can also take advantage of the offering for employees based in this initial service area.

    Nicholas McQuire, IDC Research director, said, "Businesses are increasingly requiring the mobile cost control, management and productivity benefits FMC provides without large up-front investments in technology. With this announcement, Verizon is tackling these critical areas without forcing customers down a technology path or investment route."

    The new enterprise solution works with an array of mobile devices across most GSM-based mobile operator networks located throughout the initial service area. As a result, new and existing companies can achieve cost-savings for international mobile calls without any additional capital investment and without changing mobile operators or company-issued handsets.

    Verizon Global FMC will be integrated next month with the company's VoIP platform, enabling more advanced capabilities afforded by PBX office phone systems and cost savings opportunities for Verizon Global FMC customers who are also Verizon VoIP customers. By combining the power of voice over IP in a mobile, wireless environment, individuals will be able to activate the same familiar office phone features directly from their mobile handset.

    Verizon Business' unified communications and mobility consultants can help businesses prepare for and employ Verizon Global FMC in the context of their overall UC&C and mobility strategies. The new service complements Verizon's comprehensive suite of unified communications and collaboration solutions, and is being integrated with Verizon Managed Mobility to simplify management of a multitude of global devices, expenses and applications across multiple carriers around the globe.

    In a separate announcement Tuesday (May 11), the company introduced Enterprise Mobility as a Service, a cloud-based solution for businesses to more simply and cost-effectively manage and use mobile devices to access corporate resources.

    About Verizon Business

    Verizon Business, a unit of Verizon Communications , is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees - enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments - including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions - rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com/.

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

    Verizon Business

    CONTACT: U.S.: Maria Montenegro, +1-703-886-6063,
    Maria.montenegro@verizon.com; or Europe: Clare Ward, +44 (0) 118 905 3501,
    clare.ward@uk.verizonbusiness.com; or Asia-Pacific: Junaidah Dahlan, +65 6248
    6827, junaidah.dahlan@sg.verizonbusiness.com, all for Verizon Business

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

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




    Northern Offshore Announces CFO Resignation

    HOUSTON, May 10 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company's Senior Vice President and Chief Financial Officer, Michael R. Dawson, has resigned from the company.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20080415/LATU540LOGO)

    Mr. Dawson joined the company in early 2008 and has indicated that he plans to retire. The Board of Directors of the company thanks Mr. Dawson for his contributions and dedicated service and wishes him well.

    Northern Offshore, Ltd. is a Bermuda holding company which operates offshore oil and gas production and drilling vessels deployed around the world. The company's fleet consists of one floating production facility and five drilling units (a drillship, a semisubmersible and three jackup drilling rigs). The Northern Offshore fleet operates in various markets including the North Sea, the Indian Ocean, offshore Russia, the Mediterranean Sea and Southeast Asia. The company also provides rig management services, and is currently operating in this capacity on two semisubmersibles in the Caspian Sea. More information on Northern Offshore, Ltd. may be found by visiting the company's website at http://www.northernoffshorelimited.com/.

    For further information, please contact: Brian Hefty at 1-713-739-7686, or via email at brian.hefty@northernoffshoreltd.com

    Photo: http://www.newscom.com/cgi-bin/prnh/20080415/LATU540LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Northern Offshore, Ltd.

    CONTACT: Brian Hefty of Northern Offshore, Ltd., +1-713-739-7686,
    brian.hefty@northernoffshoreltd.com

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




    Chiffres du trafic de Fraport - Avril 2010

    FRANCFORT, May 11, 2010 /PRNewswire/ --

    - Le nuage de cendres assombrit les statistiques

    - L'éruption volcanique entraîne une baisse de FRA et du Groupe

    - Chiffres du trafic passager - Le fret continue de croître fortement

    L'éruption volcanique sous le glacier islandais Eyjafjallajokull et le nuage de cendres résultant qui s'est répandu sur l'espace aérien européen ont paralysé les activités aériennes de l'aéroport de Francfort (FRA) durant cinq jours en avril 2010. Il a fallu trois jours supplémentaires pour que les horaires des vols de FRA reviennent complètement à la normale. Pour Fraport, propriétaire et exploitant de l'aéroport de Francfort, cette paralysie a entraîné une chute de près de 17% du trafic passager en glissement annuel. Ainsi, la plate-forme internationale de FRA a desservi environ 3,5 millions de passagers au cours de ce mois - c'est la première fois depuis avril 2003 que FRA n'a pas dépassé la barre des quatre millions de passagers.

    En avril 2010, les mouvements aériens ont chuté de 16 % en glissement annuel à près de 32 000 décollages et atterrissages. Le cumul des masses maximales aux décollages (MTOW) a chuté de 12,4%t à près de 2,0 millions de tonnes métriques. En augmentation de 23 % malgré de nombreuses annulations de vol, le tonnage du fret aérien est le seul qui poursuit le chemin vers la croissance depuis le début de l'année. Au total, FRA a géré 166 276 tonnes métriques de fret aérien au cours du mois dernier.

    La paralysie des vols a aussi impacté les chiffres cumulés du trafic de FRA pour l'année en cours (janvier à avril 2010). Fraport a tout de même enregistré une hausse de 3,9 % du trafic passager au cours du premier trimestre 2010 à l'aéroport de Francfort, tandis que les chiffres du trafic passager ont chuté de 1,9 % en avril 2010. En raison de la paralysie des vols en avril 2010, FRA a enregistré 4,2 % de décollages et d'atterrissages de moins au cours des quatre derniers mois, par rapport à la même période de 2009. Les MTOW ont chuté de 1,4 %. En revanche, le tonnage du fret aérien a continué de croître à FRA d'environ 31 % depuis le début de l'année.

    Commentant les derniers chiffres du trafic, Dr Stefan Schulte, Président du Conseil exécutif de Fraport AG, a déclaré : << La fermeture de l'espace aérien européen durant plusieurs jours a certainement causé du tort au trafic de l'aéroport de Francfort. Cependant, en raison du solide développement économique de l'Asie et de la reprise économique que l'on peut noter ici, nous sommes convaincus que le trafic passager augmentera de 1,0 à 2,0 % au cours de l'exercice actuel - si aucun autre incident imprévu ne réduit fortement les activités de nos vols >>. Schulte a profité de cette opportunité pour remercier le personnel de Fraport pour tous leurs efforts qui ont permis d'améliorer autant que possible le confort des passagers bloqués dans les terminaux de FRA : << Le défi présenté par Eyjafjalla a été relevé haut la main par notre personnel dévoué >>.

    L'éruption volcanique en Islande a aussi affecté les chiffres du trafic passager du Groupe Fraport en avril 2010, qui a chuté de 9,6 % à un total de 5,4 millions de passagers. Les aéroports de Lima (LIM), Antalya (AYT) et Burgas (BOJ), dans lesquels Fraport est majoritaire, ont connu un développement positif. Le tonnage de fret du Groupe (y compris le courrier aérien) a atteint environ 188 millions de tonnes métriques, en hausse de 20,4 %. Les mouvements aériens ont baissé de 7,8 % à près de 51 000 décollages et atterrissages.

    Si l'on considère l'exercice à ce jour, Eyjafjalla n'a pas affecté les chiffres du Groupe Fraport. La croissance du trafic à FRA pendant le premier trimestre ainsi que le développement positif des aéroports du Groupe en Turquie (AYT), au Pérou (LIM) et en Bulgarie (VAR et BOJ) - qui n'ont pas été affecté par le nuage de cendres - compensent la baisse du trafic de Francfort en avril 2010. Ainsi, le trafic du Groupe a quand même augmenté de 2,6 % à 21 millions de passagers de janvier à avril 2010. Le fret a grimpé de 28,2 % à environ 777 000 tonnes métriques. Les mouvements aériens ont progressé de 0,9 % en glissement annuel à près de 205 000 décollages et atterrissages.

    Des photos de haute qualité de l'aéroport de Francfort et de Fraport AG sont téléchargeables gratuitement sur Internet via le site http://www.fraport.com (Menu : choisissez Press Center > puis Photo Service). En outre, uniquement à des fins de diffusion d'informations et d'actualités télévisées, nous vous proposons un téléchargement gratuit de séquences vidéo sur le site http://fraport.cms-gomex.com.

    Avril Variation (2) Variation (2) 2010 Avril 10/ Jan. - Jan. - Avril 09 Avril 2010 Avril 10/09 Passagers (1) 3 537 183 -16,9 % 14 882 078 -1,9 % Fret aérien (1) 166 276 23,0 % 690 690 30,8 % en tonnes métriques Courrier aérien 5 382 -17,3 % 24 691 -5,7 % en tonnes métriques Mouvements aériens (3) 32 195 -16,0 % 140 904 -4,2 % MTOW 1 970 185 -12,4 % 8 427 290 -1,4 % en tonnes métriques Ponctualité 79,1 67,5 pourcentage des arrivées et des départs ponctuels 1 Trafic total (arrivées + départs + transit) 2 Variation par rapport à l'année précédente 3 A l'exception des vols militaires Groupe Fraport - Chiffres du trafic en avril 2010 Aéroports Fret en Mouvements tonnes métriques aériens Passagers[2] Variation abs. Variation Variation (+ absolue absolue en % courrier) en % en % Francfort(FRA) 3 536 881 -16,9 169 463 21,2 32 195 -16,0 Antalya(AYT)(2) 1 108 378 11,9 s.o. s.o. 8 572 14,8 Burgas (BOJ) 6 555 12,7 690 163,7 352 14,7 Lima (LIM)(3) 738 004 4,4 17 674 11,1 9 450 8,3 Varna (VAR) 31 433 -6,9 4 -12,1 567 -6,3 Groupe Fraport 5 421 251 -9,6 187 831 20,4 51 136 -7,8 1 Passagers (trafic commercial : arrivées + départs + transit) 2 Valeurs ajustées pour l'année de base 2009 3 Chiffres fournis par LIM

    FRANCFORT, May 11, 2010 /PRNewswire/ --

    Pour de plus amples renseignements, veuillez contacter : Fraport AG Services internationaux de l'aéroport de Francfort Robert A. Payne, B.A.A. - Directeur de la presse internationale et RP Service de presse (Dépt. UKM-PS), Communication d'entreprise 60547 Francfort-sur-le-Main, République fédérale d'Allemagne Tél. : +49-69-690-78547 ; Fax : +49-69-690-60548 ; E-mail : r.payne@fraport.de ; Site Web : http://www.fraport.com

    Fraport AG

    Pour de plus amples informations, veuillez contacter : Fraport AG Services internationaux de l'aéroport de Francfort, Robert A. Payne, B.A.A. -Directeur de la presse internationale et RP, Service de presse (Dépt. UKM-PS), Communication d'entreprise, 60547 Francfort-sur-le-Main, République fédérale d'Allemagne, Tél. : +49-69-690-78547 ; Fax : +49-69-690-60548 ; E-mail : r.payne@fraport.de ; Site Web : http://www.fraport.com




    Rapport provisoire de Fraport - Premier trimestre 2010 : EBITDA et revenus en augmentation

    FRANCFORT, Allemagne, May 11, 2010 /PRNewswire/ --

    - Fraport s'attend à ce que l'augmentation du nombre de passagers continue pendant toute l'année

    Le Groupe Fraport a terminé le premier trimestre 2010 avec des résultats d'exploitation de 115,8 millions d'euros. L'EBITDA (revenus avant intérêts, impôts, dotations aux amortissements et provisions) a augmenté de 12,4 pour cent par rapport à l'année dernière. Les revenus ont atteint 476,1 millions d'euros durant les trois premiers mois de l'année, ce qui représente une augmentation de 4,3 pour cent par rapport à l'année dernière. Les bénéfices du groupe ont baissé de 20 millions d'euros à 4 millions d'euros. La baisse a été principalement due à des montants d'intérêts plus élevés pour les importantes dépenses d'investissements de la société à l'aéroport de Francfort (FRA) et l'effet sur l'année de base des produits exceptionnels du printemps 2009.

    Malgré un hiver inhabituellement rigoureux - qui a particulièrement affecté FRA - et la grève des pilotes au printemps, tous les signes indiquaient de nouveau le chemin de la croissance durant le premier trimestre de l'exercice 2010. Cependant, l'éruption volcanique en Islande a clairement fait baisser les chiffres du trafic en avril 2010. << Néanmoins, nous pensons que le trafic passager va augmenter à l'échelle du groupe en 2010 ; cela devrait par conséquent se refléter dans le bilan de l'ensemble de l'exercice >>, a déclaré le président du conseil exécutif de Fraport AG, le Dr Stefan Schulte, lors de ses commentaires sur les résultats provisoires positifs. << En particulier, grâce au développement positif des investissements de l'aéroport international de Fraport, l'EBITDA du Groupe pour l'exercice 2010 devrait atteindre environ 635 millions d'euros. Le bénéfice du Groupe devrait atteindre de nouveau le niveau de l'année dernière >>, a ajouté Schulte.

    Les cinq aéroports appartenant en majorité au Groupe Fraport ont accueilli juste un peu moins de 15,7 millions de passagers durant le premier trimestre 2010 (soit une augmentation de 7,7 % par rapport à l'année dernière) et ont géré un total de presque 590 000 tonnes métriques de fret (soit une augmentation de 30,8 pour cent). À FRA, le trafic passager a augmenté de 3,9 pour cent pour atteindre plus de 11,3 millions de passagers et la capacité de fret a augmenté de 31,5 pour cent pour atteindre 535 000 tonnes métriques.

    Le montant des revenus s'est élevé à 476,1 millions d'euros durant le premier trimestre 2010, soit 19,6 millions d'euros de plus que durant la même période de l'année dernière. En tenant compte de la cession de l'investissement de Fraport dans l'aéroport de Hahn, les revenus du Groupe ont augmenté de 25,4 millions d'euros (soit une augmentation de 5,6 pour cent) durant les trois premiers mois de l'année. Cette augmentation de revenus est principalement due au développement extrêmement positif du trafic de FRA (plus 14,7 millions d'euros). En dehors de Francfort, les effets positifs sur les revenus ont été enregistrés principalement à l'aéroport d'Antalya (plus 5,1 millions d'euros).

    Côté dépenses, les coûts de personnel n'ont dépassé que légèrement le niveau de l'année dernière, et ils ont augmenté de 1,6 pour cent pour atteindre 222,5 millions d'euros - malgré un volume de trafic plus élevé.

    Les coûts hors personnel (coûts de matériel et autres coûts d'exploitation) ont baissé de 2,3 millions à 155,3 millions d'euros. À 377,8 millions d'euros, le total des dépenses d'exploitation est resté pratiquement inchangé par rapport à la même période de l'année dernière.

    La croissance des revenus ainsi que le développement généralement modéré des dépenses ont donné lieu à un EBITDA du Groupe égal à 115,8 millions d'euros (soit une augmentation de 12,4 pour cent).

    Par conséquent, la marge de l'EBITDA a augmenté de 22,6 pour cent à 24,3 pour cent.

    Par rapport à la période de janvier à mars de l'année dernière, le résultat financier a baissé sensiblement, chutant de moins 11,9 millions d'euros à moins 42,3 millions d'euros durant le premier trimestre 2010. Les raisons de cette baisse comprennent des dépenses d'intérêts plus élevées à cause d'une dette financière nette plus élevée qu'à la même période de l'année dernière. Le résultat est que le bénéfice non dilué par action a baissé de O,22 euro à O,05 euro.

    Note aux rédacteurs en chef :

    Le rapport provisoire de Fraport AG pour les trois premiers mois de 2010 (premier trimestre) est disponible sur http://www.fraport.com (voir la section Relations avec les Investisseurs sur notre site Web).

    _____________________________________________________________________

    Des photos de qualité d'impression de l'aéroport de Francfort et de Fraport AG peuvent être téléchargées gratuitement via Internet sur http://www.fraport.com (Menu : sélectionner Press Center > puis Photo Service). Pour les actualités télévisées et la diffusion d'informations seulement, nous proposons également des séquences vidéo gratuites à télécharger sur http://fraport.cms-gomex.com.

    ______________________________________________________________________

    Pour de plus amples renseignements, veuillez contacter : Services de Fraport AG Aéroport de Francfort dans le monde Robert A. Payne, B.A.A. - Directeur international de la Presse & des Relations Publiques Bureau de Presse (Dépt. UKM-PS), Communication de l'entreprise 60547 Francfort sur le Main, République fédérale d'Allemagne Tél. : +49-69-690-78547 ; Fax : +49-69-690-60548 ; E-mail : r.payne@fraport.de ; Site Internet : http://www.fraport.com

    Fraport AG

    Pour de plus amples renseignements, veuillez contacter : Services de Fraport AG Aéroport de Francfort dans le monde, Robert A. Payne, B.A.A. - Directeur international de la Presse & des Relations Publiques, Bureau de Presse (Dépt. UKM-PS), Communication de l'entreprise, 60547 Francfort sur le Main, République fédérale d'Allemagne, Tél. : +49-69-690-78547 ; Fax : +49-69-690-60548 ; E-mail : r.payne@fraport.de




    Spansion Emerges from Chapter 11 Reorganization

    SUNNYVALE, California, May 11, 2010 /PRNewswire/ --

    - Company Exits with Significantly Reduced Debt and Strong Cash Position

    Leading flash memory solutions provider, Spansion Inc., today announced that it has emerged from Chapter 11 reorganization. During the reorganization, Spansion focused its business on serving embedded and targeted wireless applications, resulting in four consecutive quarters of operating profit and US$225 million in generated cash.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO )

    "We are pleased to have emerged from Chapter 11 a stronger, more focused company. As a result, we are better able to serve our customers," said John Kispert, president and CEO of Spansion, who also pointed to a healthy balance sheet as the foundation for long-term success.

    Spansion entered Chapter 11 reorganization with over US$1.5 billion in debt. Today, Spansion emerged a well capitalized company with less than US$480 million in debt and approximately US$230 million in cash, which is supplemented with an undrawn credit line of up to US$65 million. Stockholder's equity was enhanced by a rights offering of approximately US$105 million which is reflected in its cash position.

    On March 1, 2009, Spansion filed for Chapter 11 bankruptcy protection. The company submitted its first plan of reorganization on October 26, 2009 and gained approval from the U.S. Bankruptcy Court on its amended disclosure statement on December 22, 2009. Spansion received confirmation from the U.S. Bankruptcy Court for its plan of reorganization on April 16, 2010 and emerged from Chapter 11 protection on May 10, 2010. As a result of Spansion's emergence, Spansion's old common stock has been canceled and no longer trades. Some pre-bankruptcy claims and other administrative matters will remain pending until they are resolved. However, effective as of today, Spansion is no longer under the jurisdiction of the U.S. Bankruptcy Court for the District of Delaware.

    "Through the determination of the entire Spansion team, the company has remained focused on serving our customers as we restructured," said Kispert. "Now that the reorganization process is behind us, we look forward to applying even greater energy to ensure our customers' success in their chosen markets."

    About Spansion

    Spansion's technology is at the heart of electronics systems, powering everything from the internet of today to the smart grid of tomorrow, positively impacting people's daily lives at work and play. Spansion's broad Flash memory product portfolio, smart innovation and industry leading service and support are enabling customers to achieve greater efficiency and success in their target markets. For more information, visit http://www.spansion.com.

    Spansion(R), the Spansion logo, MirrorBit(R), MirrorBit(R) Eclipse(TM), ORNAND(TM), EcoRAM(TM) and combinations thereof, are trademarks and registered trademarks of Spansion LLC in the United States and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.

    Cautionary Statement

    This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those statements. The risks and uncertainties include the following: demand for the company's Flash memory products may be lower than currently expected; average selling prices of the company's products may decline; loss of key intellectual property arrangements may create a greatly increased risk of patent or other intellectual property infringement claims; instability of the global economy and tight credit markets could continue to adversely impact the company's business in several respects, including adversely impacting credit quality and insolvency risk of the company and its customers and business partners, including suppliers and distributors, and resulting in reductions and deferrals of demand for the company's products; the company may lose a key customer or experience a reduction of demand from a key customer; the company may not successfully develop, introduce and commercialize new products and technologies or accelerate its product development cycle; competitors may introduce new memory or other technologies that may make the company's Flash memory products uncompetitive or obsolete; the company may fail to successfully develop next generation products; customers' ability to change booked orders may lead to excess inventory; the company's investments in research and development may not lead to timely improvements in technology; the company may experience manufacturing constraints internally or through its arrangements with third parties; the company may fail to achieve manufacturing efficiencies; fresh start accounting will likely have a meaningful impact on the company's financial statements; the company may experience manufacturing disruptions of suppliers interrupt supply or increase prices for raw materials; intellectual property claims or litigation could cause the company to incur substantial costs or pay substantial damages or prohibit sales of the company's products. The company urges investors to review in detail the risks and uncertainties discussed in the company's Securities and Exchange Commission filings, including but not limited to the company's most recent Annual Report on Form 10-K for and Quarterly Reports on Form 10-Q. Unless otherwise required by applicable laws, the company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Spansion Inc.

    Mark Franken, +1-408-616-8410, mark.franken@spansion.com, or Investor Relations, Randy Furr, +1-408-616-3682, both of Spansion Inc.




    Sino-Forest to host First Quarter 2010 Earnings Call on Wednesday, May 12, 2010

    TORONTO, May 10, 2010 /PRNewswire-FirstCall/ -- Sino-Forest Corporation (TSX: TRE) will host its first quarter 2010 earnings conference call and live webcast on Wednesday, May 12, 2010 at 8:30 am EST.

    A full copy of the company's earnings release, financial statements and management's discussion and analysis will be released and posted on the company's website under "Investor Relations - Earnings Releases" http://www.sinoforest.com/earningsreleases.asp or filed with SEDAR at http://www.sedar.com/.

    The timing of the earnings release and conference call details are as follows:

    NORTH AMERICA ASIA (Eastern Time Zone) (Hong Kong Time Zone) ------------------------------------------------------------------------- Release of earnings and (Wednesday) May 12 (Wednesday) May 12 powerpoint presentation: - before 7:00 am EST - before 7:00 pm HKT http://www.sinoforest.com/earningsreleases.asp Note: The MD&A will subsequently be posted on our website once filed with SEDAR ------------------------------------------------------------------------- Conference call date & time: May 12 - 8:30 am EST May 12 - 8:30 pm HKT Dial-in numbers: North America Hong Kong (no passcode required) Tel: 647-427-7450 Tel: +1-647-427-7450 Toll-free: Toll-free: 1-888-231-8191 800-901-563 Singapore Tel: +1-647-427-7450 Toll-free: 800-101-2020 ------------------------------------------------------------------------- For webcast access and replay:

    For live webcast in a listen-only mode, go to Sino-Forest's website at http://www.sinoforest.com/, under "Earnings Release" http://www.sinoforest.com/earningsreleases.asp.

    Alternatively, dial +1 416-849-0833 (Toll-Free: 1-800-642-1687), and enter passcode 74179050 followed by the number sign for replay. Replay of the conference call will be available for 10 days.

    Sino-Forest Corporation is a leading commercial forest plantation operator in China. Its principal businesses include the ownership and management of forest plantation trees and sales of standing timber, wood logs, and complementary manufacturing of downstream engineered-wood products. The Corporation's common shares have traded on the Toronto Stock Exchange under the symbol TRE since 1995. Learn more at http://www.sinoforest.com/.

    Sino-Forest Corporation

    CONTACT: please contact Sino-Forest: Hong Kong, Louisa Wong, Senior
    Manager, Investor Communications & Relations, Tel: +852 2514-2109, Email:
    louisa-wong@sinoforest.com




    Hollander Launches Hollander e-Link(TM), a State-of-the-Art e-Commerce SolutionTechnology Developed in Collaboration with eBay Motors

    SAN DIEGO, May 10 /PRNewswire-FirstCall/ -- Hollander, a Solera company , and a leading supplier of business solutions for automotive recyclers, today announced the launch of Hollander e-Link, an advanced e-commerce solution developed in collaboration with eBay Motors for the automotive recycling industry. The exclusive agreement signed last year provides consumers easy access to the largest inventory of recycled parts and accessories on the Web. Hollander e-Link brings auto recyclers' supply of parts seamlessly to the eBay Motors demand engine, the largest online marketplace, reaching more than 13 million unique visitors monthly. (i)

    "Our goal is to provide automotive recyclers with technology that increases sales and improves profits. We're maximizing their business opportunities with no listing fees, automated workflows to eliminate the burden on staff, and instant access to a world-wide consumer base that shops 24 hours a day, 365 days a year," said Rich Lauria, General Manager of Hollander. "We're uniquely positioned to offer the deep integration and automation between inventory and sales that makes selling on eBay Motors simple and efficient. We continue to work with eBay Motors to further enhance the value proposition. The response from our clients has been tremendous, with over $3.6M in gross sales generated during the pilot program alone. We expect consumer demand for recycled parts will continue to grow as they make conscious decisions to support a greener environment and save money."

    "Hollander has helped us simplify our eBay sales tremendously," said Dawn Smith of Kirchhayn Auto Salvage. "Managing it all is much simpler even though our listings have increased many times over. The end result is that our eBay sales have more than doubled since we started using Hollander and it hasn't cost us one cent."

    "Selling parts via Hollander e-Link is cost effective. I only pay when a part is sold," said Michelle McMasters, International sales manager, Bill Smith Auto Parts.

    Hollander e-Link is available to Hollander PowerLink® Yard Management System customers in the US and Canada. For more information on Hollander e-Link, call 1-800-825-0644.

    About Hollander North America, Inc.

    Since 1934, Hollander has delivered trusted business solutions to the automotive recycling industry. The Hollander Interchange is the most widely used database to identify automotive parts that interchange, setting the industry standard for communicating part fit and availability. Today more than 3,000 automotive recyclers rely on Hollander products - from yard management solutions to parts databases. Hollander is part of Solera Holdings, Inc., an integrated group of leading automotive claims solutions companies.

    About Solera

    Solera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in over 50 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium, Sidexa in France, ABZ in The Netherlands, Hollander serving the North American recycling market, and IMS providing medical review services. For more information, please refer to the company's website at http://www.solerainc.com/.

    (i) ComScore, December 2009

    Hollander North America, Inc.

    CONTACT: Jeffrey Bean of Audatex North America, Inc., +1-858-946-1755,
    jeffrey.bean@audatex.com, for Hollander North America, Inc.

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

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