SAIC Awarded Contract By Oklahoma City Air Logistics CenterCompany to Support Architect-Engineering Program at Tinker Air Force Base

SAN DIEGO and MCLEAN, Va., May 14 /PRNewswire-FirstCall/ -- Science Applications International Corporation today announced it has been awarded a prime contract by the Oklahoma City Air Logistics Center. This multiple-award, indefinite-delivery/indefinite-quantity contract will support the Architect-Engineering Program at Tinker Air Force Base (TAFB), Okla. The follow-on contract has a one year base period of performance, four one-year options and a ceiling value of $60 million for all awardees.

Under the contract, SAIC will provide architect-engineering support to the civil engineering directorate on TAFB. SAIC's design and environmental engineering capabilities will support pollution prevention, conservation, environmental compliance, restoration, modernization and TAFB facilities sustainment.

"SAIC has supported environmental and logistics missions at Tinker for the past 15 years. We are now very pleased to broaden our support by providing engineering and scientific services to help address facility design and upgrades as well as infrastructure planning at the base," said Bob Shokes, SAIC senior vice president and business unit general manager.

About SAIC

SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit http://www.saic.com/.

SAIC: From Science to Solutions(R)

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward- looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2008, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

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

SAIC

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

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

MISCOR Group Reports 83 Percent Increase in Revenues, Record Net Income for First QuarterIncreased Sales Across All Segments Fuel Growth

SOUTH BEND, Ind., May 14 /PRNewswire-FirstCall/ -- Industrial services provider MISCOR Group, Ltd. (BULLETIN BOARD: MIGL) reported record quarterly profit for the first quarter ended March 31, 2008, on the strength of a 74 percent increase in sales in its Repair, Remanufacturing and Manufacturing segment (RRM) and a 112 percent increase in sales in its Construction and Engineering Services (CES) segment.

MISCOR, a supplier of mechanical and electrical industrial services and products, reported net sales of $29.7 million for the first quarter of 2008, compared to net sales of $16.1 million for the same period in 2007. The top-line gains from increased product sales and service revenues helped the Company post net income of $457,000, or $0.04 per diluted share, in the first quarter of 2008, reversing a net loss of $2.6 million, or $0.38 per diluted share, in the first quarter of 2007. The 2007 first quarter results included a $2.3 million loss on debt extinguishment concurrent with the Company's $12.5 million private placement that was completed in order to increase working capital $5.8 million and reduce long-term debt by approximately $6.7 million.

The 2008 first quarter results reflected an increase in service revenues to $23.5 million, compared to $10.9 million in the first quarter of 2007. The Company said service revenue growth benefited from higher demand in both domestic and international markets for motor repair, testing and maintenance, including MISCOR's growing railroad services business. First quarter 2008 product sales increased 18 percent to $6.2 million, compared to $5.2 million in the prior year period, on higher product sales of diesel engine power assemblies. MISCOR reported operating income more than quadrupled in the current quarter to $745,000, compared to $176,000 in the first quarter of 2007, while gross profit grew 65 percent to $4.7 million.

"Our first quarter results are a continuation of the momentum we established last year as we consistently execute on both organic and acquisition-based growth opportunities," said John Martell, CEO of MISCOR. "Our profit growth in the quarter and our significant increase in product sales and service revenues are due to a combination of efficient operations and the ongoing efforts of our sales teams to grow client relationships. As we continue to focus on winning new contracts while growing our customer footprint, we are well-positioned to continue emerging as a national industrial services provider of choice."

Segment Results:

Repair, Remanufacturing and Manufacturing (RRM) and Construction and Engineering Services (CES)

For the first quarter of 2008, RRM segment posted a 74 percent increase in revenues to $21.1 million, a $9.0 million increase compared to the first quarter of 2007. This increase is primarily related to higher sales of motors, magnets and other industrial products and services. The CES segment more than doubled its revenue to $4.5 million, an increase of 112 percent over the preceding year, due to an increasing demand for power distribution systems and strong demand in the regional construction market for electrical and mechanical contracting services.

"This quarter highlighted our ability to win new contracts and grow our base business, while also successfully integrating our acquisitions," said Rich Mullin, chief financial officer of MISCOR. "Our increases in product sales and service revenues, combined with operating and margin improvements, propelled us further towards our goal of sustained profitability as evidenced by our 4th consecutive quarterly profit."

Martell concluded: "We made several strategic moves in the first quarter that are quickly beginning to pay dividends for us. The acquisition of American Motive Power and our sales teams' ability to quickly triple our newest division's backlog have helped to further solidify our place among the premier service providers. In addition, our ability to put together increasingly larger international and domestic contracts, coupled with our expanding domestic geographic service area, is a clear signal that we are taking our place at the forefront of our industry in providing diversified mechanical and electrical services and products."

About MISCOR

South Bend, Ind.-based MISCOR Group, Ltd. (BULLETIN BOARD: MIGL) provides electrical and mechanical solutions to industrial, commercial and institutional customers through two segments: RRM (repair, remanufacturing and manufacturing) segment, which provides maintenance and repair services for industrial motors, generators, lifting magnets, locomotives and locomotive engines, and diesel engine component manufacturing, remanufacturing and repair services; and CES (construction and engineering services) segment, which provides a wide range of electrical and mechanical contracting services and engineering and repair services for electrical power distribution systems.

In 2007, MISCOR entered the wind power industry through its acquisition of 3-D Service, Ltd., providing both onsite and in-shop maintenance and repair services for wind farms. MISCOR was ranked on the Inc. 500 in 2004 and 2005 and has grown to more than 650 employees in 14 locations nationwide.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For further discussion of risks and uncertainties, individuals should refer to the Company's SEC filings. MISCOR Group, Ltd. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

MISCOR Group, Ltd.

CONTACT: Rich Mullin, CFO of MISCOR Group, Ltd., +1-574-234-8131; Jeff
Lambert or Patrick Kane, pkane@lambert-edwards.com, both of Lambert, Edwards &
Associates, Inc., +1-616-233-0500

Actions Semiconductor Announces Annual General Meeting Results

ZHUHAI, China, May 14 /PRNewswire/ -- Actions Semiconductor Co., Ltd. , one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip (SoC) and multimedia digital signal processing (DSP) solutions for portable consumer electronics, today announced the results from its Annual General Meeting (AGM) held on May 12, 2008.

At this year's AGM, the appointments of directors, Nan-Horng Yeh, David Lee, Fred Chen, Tzu-Yin Chiu and Shao-Chuan Li were all approved by 84% of 285,570,595 ordinary shares voted. The total number of members of the board of directors remains seven.

"We are pleased to obtain such strong support for our board of directors from our shareholders," said Mr. Nan-Horng Yeh CEO and Director of Actions Semiconductor. "We appreciate our board's continued contributions and would like to extend our thanks for their service."

About Actions Semiconductor

Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing, Shanghai, and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com/.

Investor Contacts: Lisa Laukkanen Ernie Huang The Blueshirt Group Investor Relations at Actions Semiconductor lisa@blueshirtgroup.com ernie@actions-semi.com 415-217-4967 +86 756 3392353 ext 1095

Actions Semiconductor Co., Ltd.

CONTACT: investors, Lisa Laukkanen of The Blueshirt Group,
+1-415-217-4967, lisa@blueshirtgroup.com, for Actions Semiconductor Co., Ltd.;
or Ernie Huang of Actions Semiconductor Investor Relations, +86 756 3392353,
ext 1095, ernie@actions-semi.com

Web site: http://www.actions-semi.com/

Brocade Reports Second Quarter Fiscal Year 2008 ResultsNew Product Ramp Helps Drive Record Revenue and Strong Earnings

SAN JOSE, Calif., May 14 /PRNewswire-FirstCall/ -- - Brocade(R) , the leader in data center networking solutions that help enterprises connect and manage their information, today reported financial results for its second fiscal quarter, which ended April 26, 2008.

Commenting on the Company's second quarter financial results, Michael Klayko, Brocade CEO, said, "It was another very good quarter for Brocade as we continued our excellent operational execution and performance. Our financial results were better than the Company expected, we added to the momentum of our aggressive product cycle, and we acquired Strategic Business Systems, Inc. (SBS), a privately held provider of data center-focused professional services, which significantly broadens our services offerings and expertise in the evolving data center market."

Second Fiscal Quarter 2008 Business Highlights -- Sales of the Company's new DCX Backbone exceeded revenue expectations and contributed to a record revenue quarter of the Company's Director-class products. -- Brocade augmented its growing services business with the acquisition of SBS. SBS has deep skill sets and experience in several data center disciplines, including networking, security, storage, and virtualization. -- The Company started shipping the Brocade File Management Engine, or FME, in late Q2. This breakthrough product offers a number of industry firsts, most notably the ability to migrate files while they are in use, which helps customers avoid costly downtime. -- During the quarter, the Company finalized the development of a family of new 8Gbit/sec fabric switches that complement the DCX Backbone. These new switches, announced on May 13th, 2008, double the performance of previous models while consuming 40% less energy. The Company expects the majority of its major OEM partners to be in the market with these new switches in Brocade's Q3, beginning with IBM and Sun. -- On May 13th, 2008 the Company also announced the availability of its new server HBA products that, when combined with Brocade's new 8Gb/sec switches, directors and DCX Backbone, deliver a new level of end-to-end data center networking performance. The new Brocade HBAs are expected to be generally available in June.

Second Fiscal Quarter 2008 Financial Highlights and Additional Financial Information

-- Brocade's non-GAAP effective tax-rate was 30.7% in Q2 08, and its GAAP tax rate was -272%. The GAAP rate includes a P&L benefit of $167M due to the release of the valuation allowance previously recorded against the Company's deferred tax assets. The Company has determined that it is more likely than not that it will realize the benefits of the deferred tax assets and the valuation allowance was released accordingly. -- In Q2, the Company achieved record revenue in its director product line, its embedded blade switch product line, and its services business. In addition, Brocade generated more cash from operations in Q2 08 than any previous quarter in the company's history. -- The Company's total installed base of SAN ports was approximately 17.3 million. -- In Q2 Average Selling Price (ASP) declines were in the low single digits compared to Q1 08. -- Net stock-based compensation expense was $11.2 million and has been excluded from the Company's non-GAAP results. -- In Q2, the Company repurchased approximately 6.9 million shares of the Company's common stock for approximately $50.2 million. As of the end of Q2 08, the Company had $452.3 million remaining under its $800 million total stock buyback program. Q2 2008 Q1 2008 Q2 2007 Revenue $354.9 M $347.8 M $345.3 M GAAP net income $184.8 M $19.8 M $0.8 M GAAP EPS - diluted $0.47 $0.05 $0.00 Non-GAAP net income $59.7 M $64.2 M $46.6 M Non-GAAP EPS - diluted $0.15 $0.16 $0.11 Non-GAAP gross margin 61.1 % 60.5 % 53.4 % Non-GAAP operating margin 22.9 % 23.8 % 16.8 % Cash flow from operations $111.0 M $79.2 M $46.2 M

Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. A detailed reconciliation between GAAP and non-GAAP information is contained in the tables included herein.

As a % of total revenues Q2 2008 Q1 2008 Q2 2007 OEM revenues 86 % 88 % 85 % Channel/Direct revenues 14 % 12 % 15 % 10% or greater customers revenues (3) 65 % 66 % 67 % Domestic revenues 62 % 62 % 65 % International revenues 38 % 38 % 35 % Service revenues 17 % 14 % 13 % Q2 2008 Q1 2008 Q2 2007 Cash equivalents and investments, net of convertible debt $627.9 M $614.9 M $674.5 M Deferred revenues $140.9 M $136.6 M $126.0 M Capital expenditures $14.1 M $17.2 M $14.2 M Stock repurchases (in dollars) $50.2 M $80.0 M $60.0 M Stock repurchases (in shares) 6.9 M 11.1 M 6.3 M Days sales outstanding 43 days 40 days 40 days Employees at end of period 2,759 2,457 2,440 Non-GAAP Financial Measures

This press release and the related conference call contain non-GAAP financial measures. In evaluating the Company's performance, management uses certain non-GAAP financial measures to supplement consolidated financial statements prepared under GAAP.

Management believes that non-GAAP net income and other non-GAAP measures used in this press release allow management to gain a better understanding of the Company's comparative operating performance from period-to-period and to its competitors' operating results. Management also believes these non-GAAP measures help indicate the Company's baseline performance before gains, losses or charges that are considered by management to be outside ongoing operating results. Accordingly, management uses these non-GAAP measures for planning and forecasting of future periods and in making decisions regarding operations performance and the allocation of resources. Management believes these non-GAAP earnings measures, when read in conjunction with the Company's GAAP financials, provide useful information to investors by offering:

-- the ability to make more meaningful period-to-period comparisons of the Company's ongoing operating results; -- the ability to better identify trends in the Company's underlying business and perform related trend analysis; -- a better understanding of how management plans and measures the Company's underlying business; and -- an easier way to compare the Company's most recent results of operations against investor and analyst financial models.

Management excludes certain gains or losses and benefits or costs in determining non-GAAP net income that are the result of infrequent events, or arise outside the ordinary course of our continuing operations. Management believes that it is appropriate to evaluate the Company's operating performance by excluding those items that are not indicative of ongoing operating results or limit comparability. Such items include: (i) legal fees associated with indemnification obligations to former employees and other related costs, (ii) acquisition and integration costs, and (iii) legal fees associated with certain pre-acquisition litigation, (iv) facilities lease loss and (v) gain/loss on sale of investments.

Management also excludes the following non-cash charges in determining non-GAAP net income: (i) stock-based compensation and (ii) amortization of purchased intangible assets, and (iii) facilities lease loss. Because of varying available valuation methodologies, subjective assumptions and the variety of award types, management believes that the exclusion of stock-based compensation allows for more accurate comparisons of our operating results to our peer companies. Further, management believes that excluding stock-based compensation expense allows for a more accurate comparison of our financial results to previous periods during which our equity-based awards were not required to be reflected on our income statement. Management believes that the expense associated with the amortization of acquisition-related intangible assets is appropriate to be excluded because a significant portion of the purchase price for acquisitions may be allocated to intangible assets that have short lives and exclusion of the amortization expense allows comparisons of operating results that are consistent over time for the Company's newly acquired and long-held businesses.

Finally, management believes that it is appropriate to exclude the tax effects of the items noted above as well as the release of the valuation allowance in order to present a more meaningful measure of non-GAAP net income.

Limitations. These non-GAAP measures have limitations, however, because they do not include all items of income and expense that impact the Company. Management compensates for these limitations by also considering the Company's GAAP results. The non-GAAP financial measures the Company uses are not prepared in accordance with, and should not be considered an alternative to, measurements required by GAAP, such as operating income, net income and income per share, and should not be considered measures of the Company's liquidity. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. In addition, these non-GAAP financial measures may not be comparable to similar measures reported by other companies.

Second Quarter Fiscal 2008 Conference Call and Web Cast Information

Brocade management will host a conference call to discuss second quarter 2008 results on Wednesday, May 14, 2008 at 2:00 p.m. Pacific Time. To access the live Web Cast, please visit Brocade's Website at http://www.brcd.com/ at least 20 minutes prior to the call to download any necessary audio or plug-in software. A telephone replay will be available approximately two hours after the conference ends and will be available until 5:00 p.m. Pacific Time on May 21, 2008. A replay of the conference call will be available via the Web Cast at http://www.brcd.com/ for approximately twelve months. To access the replay, please dial 888-203-1112 for domestic access and 719-457-0820 for international callers; the access code for the telephone replay is #6776943.

Cautionary Statement

This press release contains statements that are forward-looking in nature, including statements regarding the Company's new product offerings and market adoption. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties, which may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's new product and service offerings; market competition; the effect of changes in IT spending levels; our ability to realize anticipated benefits from acquisitions; the Company's ability to anticipate future OEM and end-user product needs and to accurately forecast end-user demand; dependence on strategic partners; and the Company's ability to manage its business effectively in a rapidly evolving market. Certain of these and other risks are set forth in more detail in "Item 1A. Risk Factors" in Brocade's Quarterly Report on Form 10-Q for the fiscal quarter ended January 26, 2008. Brocade does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.

About Brocade

Brocade is the leading provider of data center networking solutions that help enterprises connect and manage their information. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Website at http://www.brocade.com/ or contact the company at info@brocade.com.

Brocade, Brocade B weave logo, Fabric OS, File Lifecycle Manager, McDATA, MyView, Secure Fabric OS, SilkWorm, and StorageX are registered trademarks and the Brocade B-wing logo and Tapestry are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.

BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data) (unaudited) Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, 2008 2007 2008 2007 Net revenues Product $295,584 $300,438 $593,529 $507,654 Services 59,311 44,830 109,214 61,771 Total net revenues 354,895 345,268 702,743 569,425 Cost of revenues Product 116,628 140,980 234,404 213,292 Services 32,814 33,440 66,309 43,918 Total cost of revenues 149,442 174,420 300,713 257,210 Gross margin 205,453 170,848 402,030 312,215 Operating expenses: Research and development 61,131 58,303 119,336 100,694 Sales and marketing 69,985 59,364 133,160 97,951 General and administrative 13,316 13,570 25,683 20,975 Legal fees associated with indemnification obligations, SEC investigation and other related costs 4,789 15,234 14,448 20,462 Acquisition and integration costs - 7,564 - 14,997 Amortization of intangible assets 7,909 7,977 15,818 8,887 Facilities lease losses (477) - (477) - Total operating expenses 156,653 162,012 307,968 263,966 Income from operations 48,800 8,836 94,062 48,249 Interest and other income, net 7,306 10,788 18,791 18,244 Interest expense (1,760) (2,054) (3,281) (2,058) Loss on investments, net (4,725) - (6,949) - Income before provision for income taxes 49,621 17,570 102,623 64,435 Income tax provision/(benefit) (135,167) 16,727 (102,010) 30,273 Net income $184,788 $843 $204,633 $34,162 Net income per share - Basic $0.49 $0.00 $0.54 $0.10 Net income per share - Diluted $0.47 $0.00 $0.52 $0.10 Shares used in per share calculation - Basic 374,827 395,574 379,010 334,215 Shares used in per share calculation - Diluted 393,471 411,989 398,375 348,563 BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) April 26, October 27, 2008 2007 Assets Current assets: Cash and cash equivalents $513,533 $315,755 Short-term investments 195,566 325,846 Total cash, cash equivalents and short-term investments 709,099 641,601 Marketable equity securities - 14,205 Accounts receivable, net 167,879 175,755 Inventories 12,418 18,017 Deferred tax asset 64,502 22,781 Prepaid expenses and other current assets 45,985 39,841 Total current assets 999,883 912,200 Long-term investments 87,392 137,524 Property and equipment, net 210,872 204,052 Goodwill 306,637 384,376 Intangible assets, net 253,793 272,652 Deferred tax asset 153,767 167 Other assets 16,872 19,129 Total assets $2,029,216 $1,930,100 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $91,898 $108,810 Accrued employee compensation 78,885 76,017 Deferred revenue 102,990 94,533 Current liabilities associated with lease losses 13,941 12,807 Purchase commitments 27,238 23,176 Other accrued liabilities 63,072 94,358 Total current liabilities 378,024 409,701 Convertible subordinated debt 168,579 167,498 Non-current liabilities associated with lease losses 19,290 25,742 Non-current liabilities - deferred taxes - 22,781 Non-current deferred revenue 37,875 36,344 Other non-current liabilities 42,893 1,376 Stockholders' equity Common stock 1,371,825 1,463,169 Accumulated other comprehensive loss (1,650) (1,180) Accumulated deficit 12,380 (195,331) Total stockholders' equity 1,382,555 1,266,658 Total liabilities and stockholders' equity $2,029,216 $1,930,100 BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the Three Months Ended APRIL 26, 2008 and APRIL 28, 2007 (in thousands) (unaudited) Three Months Ended April 26, April 28, 2008 2007 Cash flows from operating activities: Net income $184,788 $843 Adjustments to reconcile net income to net cash provided by operating activities: Release of valuation allowance (166,508) - Excess tax benefit from employee stock plans (3,105) 6,153 Depreciation and amortization 28,635 32,289 Loss on disposal of property and equipment 567 55 Net losses on investments and marketable equity securities 4,780 - Non-cash compensation expense 11,176 8,004 Non-cash facilities lease loss benefit (477) - Provision for doubtful accounts receivable and sales returns 1,620 1,535 Changes in operating assets and liabilities: Accounts receivable (10,116) 49,873 Inventories 2,937 (3,627) Prepaid expenses and other assets (5,694) (3,906) Accounts payable 13,491 (17,767) Accrued employee compensation 18,713 (7,515) Deferred revenue 4,282 3,949 Other accrued liabilities 28,235 (22,435) Liabilities associated with lease losses (2,365) (1,207) Net cash provided by operating activities 110,959 46,244 Cash flows from investing activities: Purchases of property and equipment (14,072) (14,225) Purchases of short-term investments (26,656) (173,190) Proceeds from sale of marketable equity securities and equity investments 4,123 - Proceeds from maturities and sale of short-term investments 121,145 285,230 Purchases of long-term investments (8,275) (39,625) Proceeds from maturities and sale of long-term investments 22,331 2,150 Cash acquired (paid) in connection with acquisitions, net of cash paid (acquired) (43,554) 2 Decrease in restricted cash - 5,839 Cash acquired on merger with McDATA - 147,407 Net cash provided by investing activities 55,042 213,588 Cash flows from financing activities: Payments on capital lease obligations - (706) Common stock repurchases (50,170) (59,874) Excess tax benefit from employees stock plans 3,105 (6,153) Redemption of outstanding convertible debt - (124,185) Proceeds from issuance of common stock, net 6,876 45,193 Net cash used in financing activities (40,189) (145,725) Effect of exchange rate fluctuations on cash and cash equivalents 1,131 (76) Net increase in cash and cash equivalents 126,943 114,031 Cash and cash equivalents, beginning of period 386,590 249,807 Cash and cash equivalents, end of period $513,533 $363,838 BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the Six Months Ended APRIL 26, 2008 and APRIL 28, 2007 (in thousands) (unaudited) Six Months Ended April 26, April 28, 2008 2007 Cash flows from operating activities: Net income $204,633 $34,161 Adjustments to reconcile net income to net cash provided by operating activities: Release of valuation allowance (166,508) - Excess tax benefit from employee stock plans (7,030) (161) Depreciation and amortization 59,524 40,802 Loss on disposal of property and equipment 1,196 203 Net losses on investments and marketable equity securities 6,447 - Non-cash compensation expense 19,647 14,729 Non-cash facilities lease loss benefit (477) - Provision for doubtful accounts receivable and sales returns 3,309 1,662 Changes in operating assets and liabilities: Accounts receivable 11,586 53,735 Inventories 5,599 (4,585) Prepaid expenses and other assets (2,383) (8,997) Accounts payable (16,792) (20,938) Accrued employee compensation 2,597 (22,272) Deferred revenue 9,988 12,274 Other accrued liabilities 63,665 (18,385) Liabilities associated with lease losses (4,841) (2,653) Net cash provided by operating activities 190,160 79,575 Cash flows from investing activities: Purchases of property and equipment (31,251) (27,587) Purchases of short-term investments (101,575) (290,890) Proceeds from sale of marketable equity securities and equity investments 9,926 - Proceeds from maturities and sale of short-term investments 298,446 377,833 Purchases of long-term investments (37,731) (91,801) Proceeds from maturities and sale of long-term investments 22,483 5,847 Cash paid in connection with acquisitions, net of cash acquired (43,554) (7,704) Decrease in restricted cash - 5,839 Cash acquired on merger with McDATA - 147,407 Net cash provided by investing activities 116,744 118,944 Cash flows from financing activities: Payments on capital lease obligations - (706) Common stock repurchases (130,181) (59,874) Excess tax benefit from employees stock plans 7,030 161 Redemption of outstanding convertible debt - (124,185) Proceeds from issuance of common stock, net 14,699 75,700 Net cash used in financing activities (108,452) (108,904) Effect of exchange rate fluctuations on cash and cash equivalents (674) (145) Net increase in cash and cash equivalents 197,778 89,470 Cash and cash equivalents, beginning of period 315,755 274,368 Cash and cash equivalents, end of period $513,533 $363,838 BROCADE COMMUNICATIONS SYSTEMS, INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP NET INCOME (in thousands, except per share data) (unaudited) Three Months Ended April 26, January 26, April 28, 2008 2008 2007 Net income on a GAAP basis $184,788 $19,845 $843 Adjustments: Stock-based compensation expense included in cost of revenues 2,371 2,492 2,236 Amortization of intangible assets expense included in cost of revenues 8,512 11,328 11,328 Legal fees associated with certain pre-acquisition litigation 458 - - Total gross margin adjustments 11,341 13,820 13,564 Legal fees associated with indemnification obligations, SEC investigation and other related costs 4,789 9,659 15,234 Stock-based compensation expense included in research and development 2,528 2,625 2,056 Stock-based compensation expense included in sales and marketing 3,146 1,986 1,682 Stock-based compensation expense included in general and administrative 3,131 1,371 944 Amortization of intangible assets expense included in operating expenses 7,909 7,909 7,977 Acquisition and integration costs - - 7,564 Facilities lease losses (477) - - Total operating expense adjustments 21,026 23,550 35,457 Total operating income adjustments 32,367 37,370 49,021 Loss on investments 4,189 1,815 - Income tax effect of adjustments (161,658) 5,206 (3,250) Non-GAAP net income $59,686 $64,236 $46,614 Non-GAAP net income per share - Basic $0.16 $0.17 $0.12 Non-GAAP net income per share - Diluted $0.15 $0.16 $0.11 Shares used in non-GAAP per share calculation - Basic 374,827 383,194 395,574 Shares used in non-GAAP per share calculation - Diluted 393,471 403,279 411,989 See explanation of non-GAAP information included herein. BROCADE COMMUNICATIONS SYSTEMS, INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP NET INCOME (in thousands, except per share data) (unaudited) Six Months Ended April 26, April 28, 2008 2007 Net income on a GAAP basis $204,633 $34,161 Adjustments: Stock-based compensation expense included in cost of revenues 4,863 3,677 Amortization of intangible assets expense included in cost of revenues 19,841 11,328 Legal fees associated with certain pre-acquisition litigation 458 - Total gross margin adjustments 25,162 15,005 Legal fees associated with indemnification obligations, SEC investigation and other related costs 14,448 20,462 Stock-based compensation expense included in research and development 5,152 4,054 Stock-based compensation expense included in sales and marketing 5,132 3,068 Stock-based compensation expense included in general and administrative 4,502 1,597 Amortization of intangible assets expense included in operating expenses 15,818 8,887 Acquisition and integration costs - 14,997 Facilities lease losses (477) - Total operating expense adjustments 44,575 53,065 Total operating income adjustments 69,737 68,070 Loss on investments 6,004 - Income tax effect of adjustments (156,451) (6,186) Non-GAAP net income $123,922 $96,045 Non-GAAP net income per share - Basic $0.33 $0.29 Non-GAAP net income per share - Diluted $0.32 $0.28 Shares used in non-GAAP per share calculation - Basic 379,010 334,215 Shares used in non-GAAP per share calculation - Diluted 398,375 348,563 See explanation of non-GAAP information included herein.

Brocade Communications Systems, Inc.

CONTACT: Public Relations, Leslie Davis, +1-408-333-5260,
lmdavis@brocade.com, or Investor Relations, Alex Lenke, +1-408-333-6758,
alenke@brocade.com, both of Brocade

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

IPC The Hospitalist Company Reports First Quarter 2008 Results

NORTH HOLLYWOOD, Calif., May 14 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. , a leading national hospitalist physician group practice, today announced financial results for the first quarter ended March 31, 2008.

First Quarter 2008 Highlights: -- Net revenue increased 36% year-over-year to $60.6 million, largely driven by same-market area revenue growth of 21% -- Patient encounters increased 36% year-over-year to 684,000 -- DSO decreased to 64 from 69 at December 31, 2007 -- Income from operations increased 46% year-over-year to $5.4 million, as operating margin increased to 9.0% -- GAAP net income increased 50% year-over-year to $3.0 million, or $0.21 per pro-forma fully diluted share -- Excluding bonuses incurred in the first quarter of 2008 related to the Company's IPO, earnings per adjusted pro-forma fully diluted share was $0.22

Adam D. Singer, M.D., Chief Executive Officer, stated, "Our record first quarter 2008 performance is a testament to the strength of our business model with 36% overall net revenue growth and 21% same-market net revenue growth. As a leading service provider in this emerging market, IPC continues to take advantage of opportunistic acquisitions and hiring more hospitalists. In addition, we continue to generate operating leverage as our revenue base expands, resulting in growth in our operating income margin to 9.0% from 8.3% for the same period last year. While we are growing our top line revenue and operating margin, we are also dropping our DSO as a demonstration of the scalability of our operating infrastructure."

Dr. Singer noted, "Hospitalist medicine is a high growth business delivering proven value in managing all aspects of inpatient care. As a newly public company, we are leading the way in educating about the high quality of care delivered by this new specialty of hospitalist medicine."

First Quarter 2008

IPC's first quarter 2008 patient encounters rose 36% to 684,000, compared to 504,000 in the same period last year. The Company reported first quarter 2008 net revenue of $60.6 million, a 36% increase from $44.7 million for the first quarter of 2007. Of the increase in net revenue, 58% was attributed to same-market areas. First quarter 2008 same-market area net revenue grew 21% and same-market area patient encounters rose 20%. The increase in same-market net revenue was primarily due to an increase in patient encounters from existing hospitalists, as well as new hospitalists either hired or added from in-market acquisitions.

Physician practice salaries and other expenses for the first quarter of 2008 were $43.9 million, compared to $32.4 million in the first quarter of 2007. The physician expenses as a percentage of net revenue remained constant at 72.6% for both the respective quarters with no significant changes in the various direct physician cost components of salaries, benefits and other practice expenses.

General and administrative expenses for the first quarter of 2008 were $10.7 million, compared to $8.2 million for the first quarter of 2007. General and administrative expenses as a percentage of revenue declined to 17.7% for the first quarter of 2008, compared to 18.4% for the first quarter of 2007. The $2.5 million increase was attributable to both public company expenses and the increased expenses to support the continuing growth of the Company. Included in the increase in public company expenses were approximately $0.3 million in non-recurring IPO management bonuses.

Income from operations for the first quarter of 2008 increased 46% to $5.4 million, compared to $3.7 million for the first quarter of 2007, which was net of depreciation and amortization of $0.5 million and $0.3 million for 2008 and 2007, respectively. Operating margin increased to 9.0% for the first quarter of 2008, compared to 8.3% for the first quarter of 2007. The increase in operating margin was the result of the reduction of general and administrative expenses as a percentage of revenue as the Company continues to leverage its administrative costs over a larger revenue base.

First quarter 2008 net income was $3.0 million, or $0.21 per pro-forma fully-diluted share, compared to $2.0 million, or $0.19 per pro-forma fully diluted share, for the first quarter of 2007. Excluding non-recurring IPO costs incurred in the first quarter of 2008, adjusted pro-forma fully diluted EPS was $0.22.

Reconciliation for Non-GAAP Financial Measures

The Company's Board of Directors approved one-time bonuses paid in the first quarter of 2008 related to the Company's IPO of $0.3 million, which decreased the Company's pro forma fully diluted earnings per share by $0.01. IPC computed its adjusted pro forma fully diluted earnings per share of $0.22 excluding these one-time bonuses to reflect its on-going operations. IPC's management believes that while excluding the one-time bonuses from the calculation of pro-forma fully diluted earnings per share is considered a non-GAAP measure, it more clearly depicts the operating performance of the Company and enables more appropriate period-to-period measures. However, adjusted pro forma fully diluted earnings per share is a non-GAAP measure and thus should not be used as a substitute to pro forma fully diluted earnings per share.

Recent Developments

On April 29, 2008, IPC entered into agreements to provide comprehensive hospitalist services to five IASIS Healthcare hospitals in its existing Arizona, Nevada and Texas markets. In connection with these agreements, an independent practice group of eight hospitalists serving these facilities joined IPC.

On March 31, 2008, IPC was added to the Russell 2000(R) Index which measures the performance of the small-cap segment of the U.S. equity universe.

Guidance

The Company reaffirmed its guidance for full year 2008 revenue to be in the range of $239 to $245 million and full year 2008 earnings per adjusted pro-forma fully diluted share to be in the range of $0.87 to $0.94. In addition, the Company expects that it will continue to experience its historical pattern of seasonality with higher net revenue and earnings in the first and fourth quarters of the year and softness in the second and third quarters due to lower patient census in hospitals and traditional physician hiring patterns.

Conference Call

IPC The Hospitalist Company will host an investor conference call to review the quarterly results at 5:00 p.m. ET (2:00 p.m. PT) today. To participate in the conference call, please dial 877-591-4952 (USA) or 719-325-4894 (International). In addition, a dial-up replay of the conference call will be available beginning May 14, 2008 at 8:00 p.m. ET (5:00 p.m. PT) and ending on May 28, 2008. The replay telephone number is 888-203-1112 (USA) or 719-457-0820 (International) Replay Passcode: 9168540. A live web cast of the call will also be available from the Investor Relations section on the corporate web site at http://www.hospitalist.com/. A web cast replay can be accessed on the corporate web site beginning today at approximately 8:00 p.m. ET (5:00 p.m. PT) and will remain available until June 14, 2008.

About IPC The Hospitalist Company

IPC The Hospitalist Company, Inc. is a leading national physician group practice company focused on the delivery of hospitalist medicine. IPC's physicians and affiliated providers manage the care of hospitalized patients in coordination with primary care physicians and specialists. The Company provides its hospitalists with the comprehensive training, information technology, and management support systems necessary to improve the quality and reduce the cost of inpatient care in the facilities it serves. For more information, visit the IPC website at http://www.hospitalist.com/.

Safe Harbor Statement

Certain statements and information in this press release may be deemed to be "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release may include, but are not limited to, those statements set forth under the section titled "Guidance" regarding projected operating results, revenues, earnings, and IPC's growth opportunities and strategy. Forward- looking statements are often characterized by terminology such as "believe", "hope", "may", "anticipate", "should", "intend", "plan", "will", "expect", "estimate", "project", "positioned", "strategy" and similar expressions. Any forward-looking statements are necessarily based on a variety of estimates and assumptions which, though considered reasonable by the Company, may not be realized and are inherently subject to significant business, economic, competitive, industry, regulatory, market and financial uncertainties and contingencies, many of which are and will be beyond IPC's control. Important risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by any forward-looking statements are described in IPC's most recent Annual Report on Form 10-K, including the section titled "Risk Factors" and actual results could differ materially from those anticipated in forward-looking statements.

In particular the following risks and uncertainties may have such an impact:

-- failure to comply with complex and intensive government regulation of our industry; -- the adequacy of our insurance coverage and insurance reserves; -- our ability to recruit and retain qualified physicians; -- our ability to successfully integrate new acquisitions; -- the effect of changes in rates or methods of third-party reimbursement; and -- the high level of competition in our industry.

IPC undertakes no obligation following the date of this press release to update or revise any such statements or projections whether as a result of new information, future events, or otherwise.

This press release contains non-GAAP financial measures. For reconciliations of these non-GAAP financial measures to their most recent comparable measure calculated and presented in accordance with GAAP, see "Reconciliation for Non-GAAP Financial Measures," above.

IPC The Hospitalist Company, Inc. Consolidated Balance Sheets (dollars in thousands, except for per share data) March 31, 2008 December (unaudited) 31, 2007 Assets Current assets: Cash and cash equivalents $39,501 $6,976 Accounts receivable, net 42,821 39,494 Prepaid expenses and other current assets 5,459 10,203 Total current assets 87,781 56,673 Furniture and equipment, net 2,368 2,189 Goodwill 38,125 34,754 Other intangible assets, net 958 808 Deferred tax assets, net 2,953 2,952 Total assets $132,185 $97,376 Liabilities Current liabilities: Accounts payable and accrued liabilities $4,073 $4,959 Accrued compensation 10,398 12,382 Medical malpractice and self-insurance reserves, current portion 808 951 Deferred tax liability 45 45 Short-term debt and current portion of capital leases 6,509 7,029 Total current liabilities 21,833 25,366 Long-term debt and capital leases, less current portion 7,931 19,793 Medical malpractice and self-insurance reserves, less current portion 9,772 8,900 Other long-term liabilities 300 300 Total liabilities 39,836 54,359 Stockholders' equity: Convertible preferred stock, Series A, B, C, and D $.001 par value, 64,905,826 shares authorized, 57,761,235 shares issued and outstanding in 2007; liquidation preference of $43,230,532 in 2007 - 57 Preferred stock, $.001 par value, 15,000,000 and 294,174 shares authorized, respectively, none issued - - Common stock, $.001 par value, 50,000,000 and 87,300,000 shares authorized, respectively, 14,869,346 and 1,878,382 shares issued and outstanding, respectively 15 2 Additional paid-in capital 101,961 55,605 Accumulated deficit (9,627) (12,647) Total stockholders' equity 92,349 43,017 Total liabilities and stockholders' equity $132,185 $97,376 IPC The Hospitalist Company, Inc. Consolidated Statements of Operations (dollars in thousands, except for per share data) (unaudited) Three Months Ended March 31, 2008 2007 Net revenue $60,559 $44,696 Operating expenses: Cost of services-physician practice salaries, benefits and other 43,943 32,430 General and administrative 10,732 8,239 Depreciation and amortization 457 309 Total operating expenses 55,132 40,978 Income from operations 5,427 3,718 Investment income 164 93 Interest expense (385) (417) Gain on fair value of preferred stock warrant liabilities - 48 Income before income taxes 5,206 3,442 Income tax provision 2,186 1,429 Net income 3,020 2,013 Accretion of redeemable convertible preferred stock - (68) Income allocable to preferred stockholders (696) (1,798) Net income attributable to common stockholders $2,324 $147 Per share data: Net income per share attributable to common stockholders -- historical: Price per share: Basic $0.20 $0.10 Diluted $0.20 $0.08 Weighted average shares Basic 11,435,000 1,415,000 Diluted 11,832,000 1,839,000 Net income per share attributable to common stockholders -- pro forma: Price per share: Basic $0.22 $0.19 Diluted $0.21 $0.19 Weighted average shares Basic 13,976,000 10,650,000 Diluted 14,212,000 10,865,000 IPC The Hospitalist Company, Inc. Consolidated Statements of Cash Flows (dollars in thousands) (unaudited) Three Months Ended March 31, 2008 2007 Operating activities Net income $3,020 $2,013 Adjustments to reconcile net income to net cash provided by operating (used in)activities: Depreciation and amortization 457 309 Stock-based compensation expense 107 9 Revaluation of preferred stock warrant liabilities - (48) Changes in assets and liabilities: Accounts receivable (3,327) (1,217) Prepaid expenses and other current assets 4,744 1,706 Accounts payable (1,097) 789 Accrued compensation (1,984) (1,230) Medical malpractice and self-insurance reserves 729 997 Accrued litigation loss and other claims - 12 Net cash provided by operating activities 2,649 3,340 Investing activities Acquisitions of physician practices (3,452) (3,693) Purchase of furniture and equipment (495) (167) Net cash used in investing activities (3,947) (3,860) Financing activities Proceeds from (repayments of) long-term debt and capital leases, net (12,382) 3,082 Net proceeds from issuance of common and preferred stock 46,131 257 Excess tax benefits from stock-based compensation 74 - Net cash provided by financing activities 33,823 3,339 Net increase in cash and cash equivalents 32,525 2,819 Cash and cash equivalents, beginning of period 6,976 5,946 Cash and cash equivalents, end of period $39,501 $8,765 Supplemental disclosure of cash flow information Cash paid for: Interest $386 $341 Income taxes $97 $99 IPC The Hospitalist Company, Inc. Operating Data Number of Patient Encounter Data (unaudited):

The following is a summary of the quarterly patient encounters for the five quarters ended March 31, 2008:

Quarter Ended: Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, 2007 2007 2007 2007 2008 Patient encounters 504,000 511,000 544,000 594,000 684,000 Contacts: Stephanie Carrington/Jared Hoffman Devra Shapiro The Ruth Group IPC The Hospitalist Company, Inc. (646) 536-7017/7013 (818) 766-3502 scarrington@theruthgroup.com jhoffman@theruthgroup.com

IPC The Hospitalist Company, Inc.

CONTACT: Devra Shapiro, IPC The Hospitalist Company, Inc.,
+1-818-766-3502; Stephanie Carrington, +1-646-536-7017,
scarrington@theruthgroup.com, or Jared Hoffman, +1-646-536-7013,
jhoffman@theruthgroup.com, both of The Ruth Group, for IPC The Hospitalist
Company, Inc.

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

First Advantage Corporation to Present at JMP Securities Research Conference

POWAY, Calif., May 14 /PRNewswire-FirstCall/ -- First Advantage Corporation , a global risk mitigation and business solutions provider, today announced that Anand Nallathambi, president and chief executive officer, will deliver a presentation at the Seventh Annual JMP Securities Research Conference in San Francisco on Tuesday, May 20, 2008, at 10:00 a.m. PT.

To access this presentation following the event, visit the Investor section of the First Advantage Web site at http://www.fadv.com/, and click the Presentations button.

About First Advantage Corporation

First Advantage Corporation combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of consumer credit information in the mortgage, automotive and specialty finance markets; business credit information in the transportation industry; lead generation services; motor vehicle record reports; supply chain security consulting; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; corporate and litigation investigations; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software and renters insurance. First Advantage ranks among the top companies in all of its major business lines. First Advantage is headquartered in Poway, Calif., and has more than 4,800 employees in offices throughout the United States and abroad. More information about First Advantage can be found at http://www.fadv.com/.

First Advantage is a majority-owned subsidiary of The First American Corporation , a FORTUNE 500(R) company that traces its history to 1889. First American is America's largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people's lives. Additional information about the First American Family of Companies can be found at http://www.firstam.com/.

Contacts: Henri Van Parys Cindy Williams Corporate Communications Manager Investor Relations Manager 727.214.1072 727.214.3438 henri.vanparys@FADV.com clwilliams@FADV.com

First Advantage Corporation

CONTACT: Henri Van Parys, Corporate Communications Manager,
+1-727-214-1072, henri.vanparys@FADV.com, or Cindy Williams, Investor
Relations Manager, +1-727-214-3438, clwilliams@FADV.com, both of First
Advantage Corporation

Web site: http://www.fadv.com/
http://www.firstam.com/

TV Choice and Competition Near for Residents of Town of Wesley Hills, N.Y.Village Board Approves Video Franchise for Verizon

WESLEY HILLS, N.Y., May 14 /PRNewswire/ -- Residents of the Town of Wesley Hills in Rockland County are a major step closer to having a real choice for their cable television service, thanks to a newly approved agreement authorizing Verizon to offer its FiOS TV service, delivered over the most advanced fiber-optic network straight to customers' homes.

The Wesley Hills Village Board granted a video franchise to Verizon Tuesday night (May 13), paving the way for video choice in the community. This vote brings to 110 the total number of New York communities that have approved video franchises for Verizon.

"This is great news for residents of the Village of Wesley Hills, who now will have a new choice for their video entertainment," said Monica Azare, Verizon senior vice president for New York and Connecticut. "Consumers here will be able to choose their cable provider as easily as they choose their phone company. Competition like this drives innovation and value, and puts the consumer in control."

As with all local franchise approvals in New York, the agreement between Verizon and the Village of Wesley Hills is subject to review by the New York State Public Service Commission.

Verizon's FiOS TV is a formidable competitor to cable and satellite, offering a broad collection of all-digital programming, 30 high-definition (HD) channels in the New York market and access to more than 10,000 on-demand titles, 70 percent of which are free.

Verizon's fiber network delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. In addition to FiOS TV, Verizon's fiber network also delivers Internet download speeds of up to 50 Mbps (megabits per second) and upload speeds of up to 20 Mbps, as well as high-quality voice service.*

The Village of Wesley Hills joins a growing list of New York communities that are paving the way for competition and choice in the television market. In addition to the Village of Wesley Hills, Verizon has been granted video franchises in the following communities:

Rockland County

Nyack, South Nyack, Upper Nyack, Grandview-on-Hudson, Clarkstown, Orangetown, Piermont, Airmont, the town of Haverstraw, West Haverstraw, Chestnut Ridge, Spring Valley, Stony Point, the village of Haverstraw, Suffern and Hillburn.

Dutchess County Town of Wappinger Wappingers Falls Orange County Town of Newburgh Erie County Hamburg Village of Orchard Park Town of Orchard Park Westchester County

Ardsley, Dobbs Ferry, Tarrytown, Irvington, the Town of Greenburgh, Eastchester, Mount Kisco, Elmsford, Port Chester, Tuckahoe, White Plains, Rye Brook, North Castle, Mount Vernon, Mount Pleasant, Yonkers, Scarsdale, Bronxville, New Rochelle, Cortlandt, Peekskill, Buchanan, Rye, Larchmont, the village of Mamaroneck, the town of Mamaroneck, Pelham Manor, Sleepy Hollow, Briarcliff Manor, the town of Ossining and the village of Ossining.

Long Island

Massapequa Park, Cedarhurst, Laurel Hollow, Lynbrook, Mineola, East Hills, East Rockaway, Farmingdale, Valley Stream, Freeport, Williston Park, New Hyde Park, Sands Point, Bayville, Old Field, Floral Park, South Floral Park, Garden City, Nissequogue, Poquott, East Williston, Head of the Harbor, Mill Neck, Stewart Manor, Centre Island, Malverne, Huntington Bay, The Branch, Oyster Bay Cove, Flower Hill, Great Neck, Great Neck Estates, Great Neck Plaza, Kensington, Kings Point, Lake Success, Munsey Park, North Hills, Plandome, Plandome Heights, Plandome Manor, Roslyn Estates, Roslyn Harbor, Russell Gardens, Saddle Rock, Thomaston, Bellerose and Lloyd Harbor; and in the towns of North Hempstead, Huntington, Smithtown, Hempstead, Oyster Bay and Islip.

* NOTE: actual (throughput) speeds will vary.

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 67 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.

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

Verizon

CONTACT: John Bonomo of Verizon, +1-212-321-8033,
john.j.bonomo@verizon.com

Web site: http://www.verizon.com/
http://www.verizon.com/news

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

Neonode Inc. Announces Postponement of Conference Call and Filing of Form 12B-25 Requesting Extension of Time to File Its Quarterly Report on Form 10-QSB

STOCKHOLM, Sweden, May 14 /PRNewswire-FirstCall/ -- Neonode , the Swedish mobile communication company that develops touch screen technologies and designs mobile handsets, today announced that it will file a Form 12b-25 with the Securities and Exchange Commission to obtain a 5-day extension for the filing of its Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2008.

The Company is in the process of preparing its financial statements and will file the Quarterly Report on May 20, 2008.

Neonode also announced that its conference call, previously scheduled for May 15 at 10 A.M. EDT, would be delayed until after the filing of the Quarterly Report.

Revised Conference call information:

The company's first quarter conference call will be held Tuesday, May 20, 2008 at 16:00 P.M. CET/10:00 A.M. EDT/7:00 A.M. PDT. The call can be accessed via the Internet at http://investor.neonode.com/. Web participants are encouraged to go to the website at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software.

A telephonic replay of the conference call will be available by dialing 1 866 966 5335 (from the US and Canada) or + 44 20 3003 2666 (from outside the US and Canada) and by entering conference ID number 1095614. An online archive will also be available immediately following the call at the site noted above. The telephonic replay will also be available for 30 days, through June 19, 2008.

For more information: David Brunton, Chief Financial Officer Neonode Inc. Tel: (925) 355-7700 Karin Lehmann Nilsson, Information Manager Neonode Inc. Tel: +46 8 678 18 50 Allen & Caron Inc Tel: +1 212 691 8087 Investors: Rudy Barrio (r.barrio@allencaron.com) Media: Brian Kennedy (brian@allencaron.com) About Neonode Inc.

Neonode designs and develops intuitive technologies and products. The Company's focus is on solutions that increase the user experience of complex or monotonous devices. With offices in Stockholm, Sweden, San Ramon, USA, Shanghai and Hong Kong, China, Neonode Inc. is a publicly traded company with licenses and products sold worldwide through both direct web sales and local distribution partners. Neonode USA, markets Neonode's innovative products within North America, Latin America and China and is the exclusive worldwide licensor of the Neonode Intellectual Property to third parties. Neonode USA's main office is located in New York, USA. For more information, visit http://www.neonode.com/

Neonode Inc.

CONTACT: David Brunton, Chief Financial Officer, +1-925-355-7700, or
Karin Lehmann Nilsson, Information Manager, +46 8 678 18 50, both of Neonode
Inc.; or Investors, Rudy Barrio, r.barrio@allencaron.com, or Media, Brian
Kennedy, brian@allencaron.com, both of Allen & Caron Inc, +1-212-691-8087, for
Neonode Inc.

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

Stanley Reports Record Fourth Quarter and Fiscal Year 2008 Financial Results

ARLINGTON, Va., May 14 /PRNewswire-FirstCall/ --

Highlights: - Fourth quarter revenue up 49% overall, 39% organic(1), to $173.5 million; - Fiscal year 2008 revenue up 48% overall, 37% organic, to $604.3 million; - Fiscal year 2008 operating income up 95% over fiscal year 2007; and - Diluted EPS of $0.33 for fourth quarter, $1.12 for fiscal year 2008, both above guidance.

Stanley, Inc. , a leading provider of systems integration and professional services to the U.S. federal government, today announced record revenues and earnings for both its fourth quarter and fiscal year 2008 ended March 31, 2008. Diluted earnings per share exceeded the top end of the guidance ranges previously provided by the company.

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

Revenue growth for the fourth quarter resulted primarily from the ramp-up of new contracts, expansion of existing contracts and the company's acquisition of Techrizon in April 2007. Stanley continued to benefit from increased demand for U.S. passports, ongoing demand for U.S. Navy C4ISR-related systems and services, and expansion of the U.S. Army's global equipment RESET effort.

Fourth Quarter Fiscal Year 2008 Results:

Revenue for the fourth quarter ended March 31, 2008 was $173.5 million, an increase of 49 percent over fourth quarter fiscal year 2007 revenue of $116.6 million. Organic revenue growth was 39 percent. EBITDA(2) was $15.8 million for the quarter, an increase of 57 percent over EBITDA of $10.0 million in the year-ago quarter. EBITDA margin for the fourth quarter was 9.1 percent compared with 8.6 percent a year earlier. Operating income was $14.0 million, up 64 percent from $8.5 million in the same quarter of last fiscal year. Operating margin was 8.1 percent versus 7.3 percent in the fourth quarter of fiscal 2007.

Net income for the quarter was $7.7 million versus $4.5 million a year ago. Diluted earnings per share for the fourth quarter of fiscal year 2008 were $0.33 compared with diluted earnings per share of $0.20 for the fourth quarter of fiscal year 2007.

Contract backlog at March 31, 2008 was $1.8 billion, an increase of 38 percent from third quarter fiscal year 2008 contract backlog of $1.3 billion at December 31, 2007 and an increase of 83 percent from fourth quarter fiscal year 2007 contract backlog of $1.0 billion at March 31, 2007.

Operational Highlights: -- Fourth quarter bookings totaled $660.7 million, equating to a book-to-bill ratio of 3.8:1; fiscal year 2008 bookings totaled $1.3 billion, equating to a book-to-bill of 2.2:1; -- Among the new business awards and additional tasking in the fourth quarter: -- A $570 million, five-year contract to continue support of the U.S. Department of State, Bureau of Consular Affairs/Passport Services Directorate. This recompete win of Stanley's largest revenue-generating contract supports production; operational and business process support; training; procurement, administration and evaluation of critical supplies; and facilities management at the five Passport Centers, 14 Passport Agencies and the Headquarters' support offices; and -- A $49.9 million contract modification to extend work on the U.S. Navy's SPAWAR Corporate Production contract. -- During the fourth quarter, Stanley began implementation of its Wildcat Maintenance Management System for the Directorates of Logistics (WMMS-DOL) to assist the U.S. Army Materiel Command in executing the Army RESET Program; and -- During the fourth quarter of fiscal year 2008, Stanley completed construction of the Tucson Passport Center in Tucson, Ariz. and began operations at the facility in April 2008. This newest Passport Center produced its first document on May 5, 2008.

"Stanley's revenue, earnings and contract bookings in the fourth quarter completed an outstanding year of growth, customer satisfaction and financial performance," said Phil Nolan, Stanley's chairman, president and CEO. "Our win of the Passport contract recompete is the largest award in Stanley's history and allows us to continue to build on our 15-year commitment to serving the State Department."

Fiscal Year 2008 Results:

For the fiscal year ended March 31, 2008, revenue increased 48 percent to $604.3 million compared with $409.4 million for fiscal year 2007. Organic revenue growth for fiscal year 2008 was 37 percent. EBITDA for the year increased 56 percent to $54.9 million compared with $35.1 million for fiscal year 2007. EBITDA margin for fiscal year 2008 was 9.1 percent, up from 8.6 percent for fiscal year 2007. Operating income for fiscal year 2008 was $47.9 million, an increase of 95 percent over operating income of $24.6 million reported in fiscal year 2007. Operating margin for fiscal year 2008 was 7.9 percent compared with 6.0 percent for fiscal year 2007.

Net income and diluted earnings per share for fiscal year 2008 were $26.2 million and $1.12 per share, respectively, compared with net income and diluted earnings per share of $10.7 million and $0.55 per share, respectively, for fiscal year 2007.

Cash flow from operations for fiscal year 2008 was $21.1 million, reflecting $17.8 million of operating cash flow for the fourth quarter of fiscal 2008. Days sales outstanding (DSO) for the fourth quarter was 81 days, down from 86 days for the third quarter of fiscal year 2008.

Management's Outlook:

Based on the company's current contract backlog and management's estimate as to future tasking and contract awards, Stanley is issuing guidance for its fiscal year 2009 first quarter and full year. The table below represents management's current expectations about future financial performance, based on information available at this time:

First Quarter Fiscal Year 2009 Fiscal Year 2009 Ending Ending June 30, 2008 March 31, 2009 Revenue $160 - $168 million $665 - $695 million Diluted EPS $0.30 - $0.32 $1.26 - $1.34 Diluted projected share count 23.6 - 23.7 million 23.8 - 23.9 million

As previously announced, Stanley will conduct a conference call today at 5:00 p.m. EDT to discuss fiscal fourth quarter 2008 results. To obtain the dial-in number, please contact Rashida Gofney at (703) 310-3209. The conference call will be broadcast simultaneously on the Investor Relations page of the company's website, http://www.stanleyassociates.com/. Investors are advised to log on to the website at least 15 minutes prior to the call to register, download and install any necessary audio software. An archive of the webcast will be available for one week following the live event.

About Stanley

Stanley is a leading provider of information technology services and solutions to U.S. defense and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational logistics, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, Va., the company has more than 3,600 employees at over 100 locations in the U.S. and worldwide. In 2008 and 2007, Stanley was recognized by FORTUNE(R) magazine as one of the "100 Best Companies to Work For." Please visit http://www.stanleyassociates.com/ for more information.

Any statements in this press release about our future expectations, plans and prospects, including statements containing the words "estimates," "anticipates," "plans," "expects" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2007, our Quarterly Reports on Form 10-Q for the fiscal quarters ended June 30, 2007, September 30, 2007 and December 31, 2007, each as filed with the Securities and Exchange Commission (SEC), and additional filings we make with the SEC. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. We assume no obligation to update publicly or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

(1) Organic revenue growth, as presented, measures revenue growth adjusted for the impact of acquisitions. Stanley believes that this non-GAAP financial measure provides useful information because it allows investors to better assess the underlying growth rate of the company's existing business. This non-GAAP financial measure should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Please see the reconciliation table at the end of this release. (2) EBITDA is a non-GAAP measure that is defined as GAAP net income (loss) plus other expense (income), interest expense, income taxes, and depreciation and amortization. We have provided EBITDA because we believe it is a commonly used measure of financial performance in comparable companies and is provided to help investors evaluate companies on a consistent basis, as well as to enhance an understanding of our operating results. EBITDA should not be construed as either an alternative to net income as an indicator of our operating performance or as an alternative to cash flows as a measure of liquidity. Please refer to the table at the end of this release that reconciles GAAP net income to EBITDA. Condensed Consolidated Statements of Income (in thousands, except per share amounts) Three Months Ended (unaudited) Year Ended March 31, March 31, 2007 2008 2007 2008 Revenues $116,642 $173,539 $409,411 $604,342 Operating costs and expenses: Cost of revenues 95,522 148,705 343,628 512,243 Selling, general and administrative 11,086 9,060 30,700 37,242 Amortization of deferred compensation 118 62 5,082 267 Depreciation and amortization 1,372 1,690 5,424 6,695 Total operating costs & expenses 108,098 159,517 384,834 556,447 Operating income 8,544 14,022 24,577 47,895 Other (expense) income: Other (expense) income (32) 3 (478) 19 Interest expense - net (695) (659) 5,918) (3,779) Total other expenses (727) (656) (6,396) (3,760) Income before taxes 7,817 13,366 18,181 44,135 Provision for income taxes (3,278) (5,652) (7,476) (17,971) Net income $4,539 $7,714 $10,705 $26,164 Earnings per share: Basic $0.21 $0.34 $0.61 $1.18 Diluted $0.20 $0.33 $0.55 $1.12 Weighted average shares: Basic 21,627 22,474 17,567 22,133 Diluted 23,188 23,557 19,458 23,414 Condensed Consolidated Balance Sheets (in thousands) As of As of March 31, 2007 March 31, 2008 Assets Current assets: Cash $12,736 $271 Accounts receivable - net 110,029 60,928 Prepaid and other current assets 1,631 4,644 Total current assets 124,396 165,843 Total assets $237,975 $306,055 Liabilities and Stockholders' Equity Current liabilities: Line of credit $ - $ - Current portion of long-term debt 1,000 1,000 Long-term debt - net of current portion 36,750 35,500 Total liabilities 103,823 139,351 Total stockholders' equity 134,152 166,704 Total liabilities and stockholders' equity $237,975 $306,055 Organic Growth Reconciliation (unaudited) ($ in thousands) Three Months Ended March 31, 2007 2008 Percent Growth Total revenue, as reported $116,642 $173,539 49% Plus: Revenue from acquired companies for the comparable prior year period 8,287 - Organic revenue $124,929 $173,539 39% Year Ended March 31, 2007 2008 Percent Growth Total revenue, as reported $409,411 $604,342 48% Plus: Revenue from acquired companies for the comparable prior year period 30,547 - Organic revenue $439,958 $604,342 37% EBITDA Reconciliation (unaudited) (in thousands) Three Months Ended Year Ended March 31, March 31, 2007 2008 2007 2008 Net income $4,539 $7,714 $10,705 $26,164 Provision for income taxes 3,278 5,652 7,476 17,971 Interest expense - net 695 659 5,918 3,779 Other expense (income) 32 (3) 478 (19) Depreciation and amortization 1,372 1,690 5,424 6,695 Amortization of deferred compensation 118 62 5,082 267 EBITDA $10,034 $15,774 $35,083 $54,857 Revenue $116,642 $173,539 $409,411 $604,342 EBITDA Margin 8.6% 9.1% 8.6% 9.1%

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

CONTACT: Brian J. Clark, Chief Financial Officer, +1-703-310-3236, or
Lawrence Delaney, Jr., Investor Relations Counsel, +1-703-739-7410, both of
Stanley, Inc.

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

Electronic Game Card Inc. Reports First Quarter 2008 Revenue Growth of 28 Percent Over Fourth QuarterCompany achieves 130 percent year-over-year first quarter revenue increase and delivers $0.021 fully diluted earnings per share

NEW YORK and LONDON, May 14 /PRNewswire-FirstCall/ -- Electronic Game Card, Inc. (BULLETIN BOARD: EGMI) ("EGC"), today reported financial results for its first quarter ended March 31, 2008. The Company accomplished significant progress during its first quarter of 2008, adding to its shareholder equity, building its cash balance, validating and protecting its technology and, further expanding its addressable market. Since year end 2007, Electronic Game Card has been issued its first series of patents, received Gaming Laboratory International approval, increased its customer base and recurring revenue stream and announced entry into two new markets.

The Company reported revenues for the first quarter of $2.3 million, an increase of over 130 percent from the first quarter of 2007 of $990,000, and an increase of approximately 28 percent from the fourth quarter 2007 revenues of $1.8 million.

The Company reported a comprehensive net income applicable to common stockholders of $1.3 million or $0.021 per diluted share for the first quarter of 2008 compared to net income of $215,000 or $0.004 per diluted share for the first quarter 2007 and net income of $1.7 million (inclusive of a one-time investment sale of $856,000) or $0.029 per diluted share in the fourth quarter of 2007. First quarter 2008 operating income was $1.4 million compared to operating income of $404,000 for the comparable period of 2007 and $956,000 achieved during the fourth quarter 2007.

For the three months ended March 31, 2008, Electronic Game Card's gross profit on revenue totaled $1.7 million or 76 percent of revenues, representing the fifth consecutive quarter of gross margin in excess of company's target level of approximately 70 percent.

Operating expenses during the first quarter 2008 totaled $367,000, an increase of approximately 11 percent over the first quarter 2007, which was attributed to an increase in general and administrative expenses of $24,000 and an increase in consulting expenses of $56,000 that was partially offset by a reduction in salaries of $25,000 as the company continued its shift towards outsourcing. Importantly, operating expenses declined by approximately 36 percent from the prior fourth quarter 2007 predominately as a result of completing the development of proprietary games, which lowered consulting costs. As the company expands its existing reach and launches new markets, management expects to add resources, but will adhere to established profitability targets.

Interest expense incurred during the quarter was reduced by $20,000 over the previous year first quarter to $148,000. This compares with interest expense of $163,000 in the fourth quarter of 2007. Interest income has been steadily rising from $43,000 first quarter 2007 to $49,000 fourth quarter 2007 to $62,000 first quarter 2008.

Cash and equivalents on March 31, 2008 were $5.7 million, an increase of approximately $954,000 from December 31, 2007 balance. Accounts receivable increased by approximately $300,000 to $2.6 million over the same period. Total liabilities declined by $56,000 over the three month period to $1.9 million, excluding the 6 percent convertible redeemable preferred debt, which has been reduced by approximately $1.0 million to $6.5 million since year end 2007.

As of March 31, 2008, Electronic Game Card had approximately 50.0 million shares of common stock outstanding, an increase of 2.0 million shares from year end 2007, predominately attributable to conversion of the redeemable preferred debt. The Company's weighted average number of common shares fully diluted totaled 62.5 million (inclusive of the all options, warrants and the convertible redeemable preferred debt). The aggregate proceeds if all options and warrants were to be exercised would total in excess of $4.0 million. As of March 31, 2008 the Company had net operating tax loss carry forwards in excess of $21 million that may be used to offset future taxable income through 2023. As of December 31, 2007, Electronic Game Card achieved positive stockholders equity for the first time in the Company's history. On March 31, 2008, the Company's stockholder's equity totaled $3.9 million.

"As anticipated, first quarter 2006 marked the beginning of a profitable revenue growth period for the company. Over the past two years EGC was right-sized and has embraced a business model that is now highly profitable. Now that a strong foundation has been established, the company has just completed its fifth consecutive profitable quarter, the company is focused on organic revenue growth as well as expanding its addressable market while maintaining a tight cost discipline. The company's goal for 2008 is to penetrate new and existing markets, continue to grow patented IP and build successful distribution partnerships. The company has made progress in all three fronts thus far in 2008 and has comfortably raised guidance last month to $11 million and $16 million in revenues, $0.10 and $0.14 fully diluted earnings per share for 2008 and 2009, respectively."

CONFERENCE CALL Conference Call Details: Date/Time: Thursday, May 15, 2008-10:00 a.m. (ET) Telephone Number: 888-713-4209 International Dial-In Number: 617-213-4863 Participant Pass code: 98549670 Internet Access: http://www.electronicgamecard.com/ or http://www.earnings.com/

It is recommended that participants phone-in at least 10 minutes before the call is scheduled to begin. Participants may pre-register for the call at https://www.theconferencingservice.com/prereg/key.process?key=PM7WDNUPT Pre-registrants will be issued a pin number to use when dialing into the live call which will provide quick access to the conference by bypassing the operator upon connection. A replay of the conference call in its entirety will be available approximately one hour after its completion by dialing 888-286-8010 (U.S.), 617-801-6888 (International) and entering the pass code 10019483 and on the Internet at http://www.earnings.com/ .

Contact Yvonne L. Zappulla Managing Director Grannus Financial Advisors, Inc. 212-681-4108 yvonne@grannusfinancial.com or Roger Holdom Electronic Game Card, Inc. +44 207 451 2480 investor.relations@electronicgamecard.com About Electronic Game Card. Inc.

Electronic Game Card Inc., (OTCBB: EGMI), develops, produces and markets innovative games to the promotional industry worldwide, casino and lottery. The Company's lead product is the Electronic GameCard(TM), a unique credit card-sized pocket game combining patent-pending proprietary technology of interactive capability with "instant win" excitement. The "Electronic GameCard" can be programmed to suit a variety of gaming and promotion applications.

EGMI's client base is across the $100 billion global market of, sales promotion, gaming and casinos, Indian gaming and state and national lotteries markets. EGMI develops sales and marketing relationships with agents globally and has a technology licensing agreement with a major lottery focused US listed corporation. For further information please visit http://www.electronicgamecard.com/

February 2008, Electronic GameCard(TM) received Gaming Laboratory International approval for security and product robustness. In July 2005, the Public Gaming Research Institute (PGRI) named the Electronic GameCard(TM) as a 2005 Lottery Product of the Year.

Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission.

ELECTRONIC GAME CARD, INC. CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, 2008 Dec. 31, 2007 ASSETS Current assets: Cash and cash equivalents $5,706,906 $4,753,040 Accounts receivable 2,623,016 2,323,543 Deposit on inventory 70,071 70,071 Other receivables 91,990 92,100 VAT receivable 24,893 31,531 Deferred charges 152,476 190,595 Total current assets 8,669,352 7,460,880 Net property, plant and equipment 34,727 44,050 Intangible assets, net 183,034 183,034 Investments, at cost 3,496,179 2,886,427 Total assets $12,383,292 $10,574,391 LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT) Current liabilities: Accounts payable $625,695 $659,891 Accrued liabilities 661,256 560,046 Total current liabilities 1,286,951 1,219,937 Deferred license fees 654,625 779,625 Total liabilities 1,941,576 1,999,562 Shareholders' equity/(deficit) Series A 6% convertible redeemable preferred stock, $.001 par value, 10,000,000 shares authorized; 6,549,922 and 7,582,806 shares issued and outstanding as of March 31, 2008 and December 31, 2007, respectively 6,549,922 7,582,806 Common stock, $.001 par value, 100,000,000 shares authorized; 44,168,683 and 50,031,766 shares issued and outstanding at December 31, 2007 and March 31, 2008, respectively 50,030 48,012 Capital in excess of par value 28,874,546 27,264,272 Accumulated deficit (24,171,740) (25,463,568) Accumulated other comprehensive loss (861,042) (856,693) Total shareholders' equity 3,891,794 992,023 Total liabilities and shareholders' equity $12,383,292 $10,574,391 ELECTRONIC GAME CARD, INC. Consolidated Statements of Operations (Unaudited) Fiscal three months ended March 31, 2008 March 31, 2007 Revenue $2,294,621 $990,538 Cost of revenue and operating expenses: Cost of revenue 549,000 255,345 Sales and marketing 791 1,172 General and administrative 128,149 104,617 Consulting expenses 151,482 95,005 Salaries and wages 86,886 112,245 Loss from joint venture - 18,638 916,308 587,022 Operating income 1,378,313 403,516 Other income (expense): Interest income 61,577 42,701 Interest expense (148,062) (168,056) Net income $1,291,828 $278,161 Net profit per common share - basic $ 0.026 $0.006 Net profit per common share - fully diluted $ 0.021 $0.005 Weighted average number of common shares outstanding (basic) 50,031,766 44,168,683 Weighted average number of common shares fully diluted 62,487,058 58,184,857 Other comprehensive (loss) gain: Foreign currency translation loss (4,349) (63,048) Comprehensive income 1,287,479 215,113

Electronic Game Card, Inc.

CONTACT: Yvonne L. Zappulla, Managing Director of Grannus Financial
Advisors, Inc., +1-212-681-4108, yvonne@grannusfinancial.com, for Electronic
Game Card, Inc.; or Roger Holdom of Electronic Game Card, Inc.,
+44-207-451-2480, investor.relations@electronicgamecard.com

Web site: http://www.electronicgamecard.com/
http://www.earnings.com/

Ingersoll Rand to Discuss Its Businesses and Proposed Acquisition of Trane at Electrical Products Group Conference

HAMILTON, Bermuda and PISCATAWAY, N.J., May 14 /PRNewswire-FirstCall/ -- Ingersoll-Rand Company Limited and Trane Inc. announced today that James V. Gelly, senior vice president and chief financial officer of Ingersoll Rand, will discuss Ingersoll Rand's businesses and its proposed acquisition of Trane starting at 1:15 p.m., EDT, Monday, May 19, at the Electrical Products Group (EPG) of New York's Annual Conference in Longboat Key, Fla.

The presentation will be accessible via live webcast on both the Trane and Ingersoll Rand Web sites at http://www.trane.com/ and http://www.ingersollrand.com/ respectively, and on the EPG Conference Web site: http://www.corporate-ir.net/ireye/conflobby.zhtml?ticker=TT&item_id=1846192. An archive of the presentation slides will be available through Tuesday, August 19, on the Ingersoll Rand Web site.

Trane Inc., previously named American Standard Companies Inc., provides systems and services that enhance the quality and comfort of the air in homes and buildings around the world. The company offers customers a broad range of energy-efficient heating, ventilation and air conditioning systems; dehumidifying and air cleaning products; service and parts support; advanced building controls; and financing solutions.

The company's systems and services have leading positions in premium commercial, residential, institutional and industrial markets; a reputation for reliability, high quality and product innovation; and a powerful distribution network. Trane's 2007 annual revenues were about $7.45 billion and the company has more than 29,000 employees worldwide. For more information, visit these Web sites: http://www.trane.com/ and http://www.americanstandardair.com/.

Ingersoll Rand is a global diversified industrial firm providing products, services and solutions to transport and protect food and perishables, secure homes and commercial properties, and enhance industrial productivity and efficiency. Driven by a 100-year-old tradition of technological innovation, Ingersoll Rand enables companies and their customers to create progress. Ingersoll Rand's 2007 annual revenues were approximately $8.76 billion. The company has 35,000 employees and 80 manufacturing facilities worldwide.

This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements relating to anticipated financial and operating results, the companies' plans, objectives, expectations and intentions and other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," and other similar expressions. Such statements are based upon the current beliefs and expectations of the management of Ingersoll-Rand Company Limited ("Ingersoll Rand") and Trane Inc. ("Trane") and involve a number of significant risks and uncertainties. Actual results may differ materially from the results anticipated in these forward-looking statements. The following factors, among others, could cause or contribute to such material differences: failure to satisfy any of the conditions of closing, including the failure to obtain Trane shareholder approval; the risks that Ingersoll Rand's and Trane's businesses will not be integrated successfully; the risk that Ingersoll Rand and Trane will not realize estimated cost savings and synergies; costs relating to the proposed transaction; disruption from the transaction making it more difficult to maintain relationships with customers, employees, distributors or suppliers; the level of end market activity in Ingersoll Rand's and Trane's commercial and residential market; weather conditions that could negatively or positively affect business and results of operations; additional developments which may occur that could affect Ingersoll Rand's or Trane's estimate of asbestos liabilities and recoveries; unpredictable difficulties or delays in the development of new product technology; fluctuations in pricing of our products, the competitive environment and related market conditions; changes in law or different interpretations of laws that may affect Ingersoll Rand's or Trane's expected effective tax rate; increased regulation and related litigation; access to capital; and actions of domestic and foreign governments. Additional factors that could cause Ingersoll Rand's and Trane's results to differ materially from those described in the forward-looking statements can be found in the 2007 Annual Report on Form 10-K of Ingersoll Rand and the 2007 Annual Report on Form 10-K of Trane filed with the Securities and Exchange Commission (the "SEC") and other documents filed by Ingersoll Rand and Trane, and available at the SEC's Internet site (http://www.sec.gov/). Neither Ingersoll Rand nor Trane undertakes any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made.

In connection with the proposed merger transaction involving Ingersoll Rand, Trane and Indian Merger Sub, Inc., Ingersoll Rand has filed a registration statement on Form S-4 containing a proxy statement/prospectus for shareholders of Trane with the SEC, and Ingersoll Rand and Trane may be filing other documents regarding the proposed transaction with the SEC as well. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION, AS WELL AS THE OTHER DOCUMENTS REFERRED TO IN THE PROXY STATEMENT/PROSPECTUS CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The definitive proxy statement/prospectus has been mailed to Trane's shareholders. Shareholders may obtain a free copy of the proxy statement/prospectus, as well as other filings containing information about Ingersoll Rand and Trane, without charge, at the SEC's Internet site (http://www.sec.gov/). Copies of the proxy statement/prospectus and the filings with the SEC that are incorporated by reference in the proxy statement/prospectus can also be obtained, without charge, by directing a request to Ingersoll-Rand Company Limited, P.O. Box 0445, 155 Chestnut Ridge Road, Montvale, NJ 07645 Attention: Investor Relations, (201) 573-0123, or to Trane Inc., One Centennial Avenue, Piscataway, NJ 08855 Attention: Investor Relations, (732) 980-6125.

Ingersoll Rand, Trane and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Ingersoll Rand's directors and executive officers is available in Ingersoll Rand's proxy statement for its 2008 annual meeting of stockholders and Ingersoll Rand's 2007 Annual Report on Form 10-K, which were filed with the SEC on April 16, 2008 and February 29, 2008, respectively, and information regarding Trane's directors and executive officers is available in Trane's 2007 Annual Report on Form 10-K, which was filed with the SEC on February 20, 2008. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the proxy statement/prospectus and other materials referred to in the proxy statement/prospectus.

Trane Inc.

CONTACT: Ingersoll Rand: Paul Dickard - Media, +1-201-573-3120, or Joe
Fimbianti - Analysts, +1-201-573-3113; Trane Contact: Skip Colcord - Media,
+1-732-980-3065, Bruce Fisher - Analysts, +1-732-980-6095

Web site: http://www.trane.com/
http://www.americanstandardair.com/
http://www.ingersollrand.com/

Destiny Media Technologies Provides Update on Canadian Litigation Against YangarooYangaroo US Patent Application Appeal Receives Rejection

VANCOUVER, British Columbia, May 14 /PRNewswire-FirstCall/ -- Destiny Media Technologies (BULLETIN BOARD: DSNY) is pleased to provide an update on the company's intellectual property protection matters.

Yangaroo (TSX: YOO), a competitor to Destiny's Play MPE(R) system in the Canadian market, received a rejection from the USPTO on May 9th for US patent application number 10/431,854 (Content Distribution System and Method).

Destiny commenced an action against Yangaroo in the Federal Court of Canada in March 2006 to have the Canadian version of this patent invalidated and to have the Court rule that Destiny's MPE(R) system does not infringe on this Canadian patent. Discoveries for the action have completed and a pre-trial conference is expected by summer.

Destiny's MPE(R) technology has been available since 1999 and is protected in the US by a pending patent for a "Digital Media Distribution Method and System" with foreign priority of March 2000, and globally by a filing under the patent cooperation treaty to the world intellectual property organization in 2001. Destiny has received legal opinions from two intellectual property firms, as have select label customers, to ensure Destiny's patent rights and interpretation of Yangaroo's and Destiny's rights is correct.

"We reluctantly began the litigation against Yangaroo when we realized our customers were receiving confusing information regarding our intellectual property rights with respect to our Play MPE(TM) product," comments Destiny CEO Steve Vestergaard. "They even threatened our customers with litigation for patent rights they didn't have. We consider their approach a bad faith attempt from a company desperate to obtain market share when both radio and our clients prefer the superior sound quality, security, speed, installed base, partners and features of our Play MPE(TM) product. We consider this whole matter a nuisance.

"Yangaroo has continued to spread misinformation to our customers in the US, including a press release on January 18, 2008 which claimed that the US patent examiner had agreed to recommend their patent for allowance. They have used this false claim to harass our US label customers so we are pleased that the US Patent and Trademark Office has issued this ruling, clarifying that this is not the case.

"This misinformation also extended to the investment community," said Vestergaard.

In a special alert on January 11, 2008, Yangaroo's investment banker, Cormark Securities, repeated the false claim that the examiner had agreed to issue a US patent, further claiming, "If Yangaroo is granted the patent Yangaroo will likely immediately launch a lawsuit for patent infringement against Destiny Media technologies and put DSNY's clients on notice for patent infringement."

According to Vestergaard, "Destiny demanded a retraction from Cormark, which was issued on January 15th, but this report and claims by Yangaroo management in Canadian national newspapers has been used to create confusion among Destiny's customers and investors."

In May 2007, Destiny filed a $25 million action against Yangaroo and certain executives for spreading similar misinformation in Canada. On February 29th, 2008, Destiny counsel sent a letter to Yangaroo's counsel demanding that Yangaroo cease and desist spreading false claims to Destiny's customers in the US and Canada.

Documents related to litigation against Yangaroo are available at http://dsny.com/invalidity/

About Play MPE(R)

With almost 21,000 users and over 82,000 songs from more than 1,000 record labels, including Universal Music Group, EMI Music Group, Sony BMG and Warner Music Group, Destiny's Play MPE(R) system is the most widely used digital distribution system available to the recording and radio industries. Play MPE(R) is a secure distribution system that features state-of-the-art encryption to protect content while delivering high definition audio to users in radio, marketing and media. A powerful promotional tool, Play MPE(R) also allows record companies to distribute video, text and graphics including music videos, CD covers, credits, lyrics, promotions, and other content. More information on Play MPE(R) can be found at http://www.plaympe.com/

About Destiny Media Technologies

Destiny (http://www.dsny.com/) is a software development company which provides tools that some of the world's largest media companies use to distribute their content on the Internet. Products include Play MPE(R), Clipstream(R) and Radio Destiny(TM).

Company Contact: Steve Vestergaard, CEO Destiny Media Technologies, Inc. (604) 609-7736 (ext. 222) Email: steve@dsny.com Safe Harbor Statement

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Destiny Media Technologies

CONTACT: Steve Vestergaard, CEO of Destiny Media Technologies, Inc.,
+1-604-609-7736, ext. 222, steve@dsny.com

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

Comcast Declares Quarterly Dividend

PHILADELPHIA, May 14 /PRNewswire-FirstCall/ -- Comcast Corporation , the country's leading cable, entertainment and communications company, announced today that its Board of Directors declared a quarterly dividend of $0.0625 a share on the Company's common stock. The quarterly dividend is payable on July 30, 2008 to shareholders of record as of the close of business on July 9, 2008.

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About Comcast

Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of entertainment, information and communications products and services. With 24.7 million cable customers, 14.1 million high-speed Internet customers, and 5.2 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.

Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, te