Companies news

MIGDAL HAEMEK, Israel, July 18 /PRNewswire-FirstCall/ -- Tower Semiconductor Ltd. , a pure-play independent specialty foundry, announced today that it received a Nasdaq Staff Deficiency Letter on July 15, 2008 indicating that the Company fails to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4450(a)(5). Nasdaq provided Tower with a 180 calendar days period, or until January 12, 2009, to regain compliance with the minimum bid price requirement of $1.00 per share. During the coming 180 days period, the Company's ordinary shares will continue to be listed and traded on the Nasdaq Global Market under the symbol TSEM, as well as will continue to be listed and traded on the Tel Aviv Stock Exchange under the same symbol. Further, if the Company's ordinary shares close at $1.00 per share or more for 10 consecutive business days during that 180 day period, the Nasdaq will provide a written notification that the Company has achieved compliance with the minimum bid price requirement and the Company's ordinary shares will continue to be listed and traded on the Nasdaq Global Market.

If the Company's ordinary shares do not close at $1.00 per share or more for 10 consecutive business days during that 180 day period, the Company's ordinary shares may be transferred to be listed and traded at the Nasdaq Capital Market rather than on the Nasdaq Global Market. Nasdaq rules also permit the Company to appeal any delisting determination. If accepted for listing on the Nasdaq Capital Market, the Company would have an additional 180 calendar days period to comply with the minimum bid price requirement, or until July 10, 2009. If the Company's ordinary shares are transferred to be listed and traded on the Nasdaq Capital Market, no change will occur in terms of the continued trading of Tower's ordinary shares and its continued quotation by Nasdaq, or anticipated to occur from the perspective of the financial markets, at least to the extent that from their point of view the trading is transparent whether in The Nasdaq Capital Market or The Nasdaq Global Market. For avoidance of doubt, this Nasdaq letter does not affect Tower's listing on the Tel-Aviv Stock Exchange, where Tower's ordinary shares will continue to be listed and traded under the symbol TSEM with no change.

About Tower Semiconductor Ltd.

Tower Semiconductor Ltd. is an independent specialty foundry that delivers customized solutions in a variety of advanced CMOS technologies, including digital CMOS, mixed-signal and RF (radio frequency) CMOS, CMOS image sensors, power management devices, and embedded non-volatile memory solutions. Tower's customer orientation is complemented by its uncompromising attention to quality and service. Its specialized processes and engineering expertise provides highly flexible, customized manufacturing solutions to fulfill the increasing variety of customer needs worldwide. Boasting two world-class manufacturing facilities with standard and specialized process technologies ranging from 1.0- to 0.13-micron, Tower Semiconductor provides exceptional design support and technical services to help customers sustain long-term, reliable product performance, while delivering on-time and on-budget results. More information can be found at http://www.towersemi.com/.

Safe Harbor Regarding Forward Looking Statements

This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect our business is included under the heading "Risk Factors" in our most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities and Exchange Commission and the Israel Securities Authority. We do not intend to update, and expressly disclaim any obligation to update, the information contained in this release.

Press Contact: Tower Semiconductor Limor Asif +972-4-650-6936 Limoras@towersemi.com

Tower Semiconductor Ltd

CONTACT: Press Contact: Tower Semiconductor, Limor Asif,
+972-4-650-6936, Limoras@towersemi.com

Stanley Works Completes Sonitrol and Xmark Acquisitions

NEW BRITAIN, Conn., July 18 /PRNewswire-FirstCall/ -- The Stanley Works announced today that it has completed its previously announced purchase of Sonitrol Corporation from an ownership group comprised of Carlyle Venture Partners, Wachovia Capital Partners and Spire Capital Partners as well as selected members of Sonitrol management for $276 million cash. Sonitrol, headquartered in Berwyn, PA, provides security monitoring services, access control and fire detection systems to commercial customers in North America via two monitoring centers and a national multi-channel distribution network.

The company also announced that it has completed its previously announced purchase of Xmark Corporation, a wholly-owned subsidiary of VeriChip Corporation for $48 million cash, which consists of the $45 million agreed purchase price plus a balance sheet adjustment of approximately $3 million (a portion of which reflects the net cash position of Xmark as of the closing). Xmark, whose headquarters and principal operations are located in Ottawa, Canada develops, markets and sells RFID-based systems used to identify, locate and protect people and assets.

Additional Information About The Stanley Works

The Stanley Works, an S&P 500 company with 2007 revenues of $4.5 billion, is a diversified worldwide supplier of tools and engineered solutions for professional, industrial, construction and do-it-yourself use, and access security solutions for commercial applications. Additional information about The Stanley Works, including corporate press releases, can be found at http://www.stanleyworks.com/.

Contact: Greg Waybright - Interim VP, Investor Relations (860) 827-3544 gwaybright@stanleyworks.com

The Stanley Works

CONTACT: Greg Waybright, Interim VP, Investor Relations, The Stanley
Works, +1-860-827-3544, gwaybright@stanleyworks.com

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

Company News On-Call: http://www.prnewswire.com/comp/874363.html

Lennox International Declares Dividend

DALLAS, July 18 /PRNewswire-FirstCall/ -- The board of directors of Lennox International Inc. declared a quarterly cash dividend of $0.14 per share of common stock, payable on September 12, 2008 to stockholders of record as of August 22, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020304/DAM053LOGO)

Through its subsidiaries, Lennox International Inc. is a global leader in the heating, ventilation, air conditioning, and refrigeration markets. Lennox International stock is traded on the New York Stock Exchange under the symbol "LII." Additional information is available at: http://www.lennoxinternational.com/ or by contacting Steve Harrison, vice president, LII investor relations at 972-497-6670.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020304/DAM053LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Lennox International Inc.

CONTACT: Steve Harrison, vice president of Lennox International Inc.
investor relations, +1-972-497-6670

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

IAC Takes Significant Step Toward Completing Spin-OffsAnnounces Pricing of Bonds and Receipt of Bank Commitments for HSN, Inc., Interval Leisure Group, Inc. and TicketmasterFinalizes Resolution on 7% Senior Notes Due 2013

NEW YORK, July 18 /PRNewswire-FirstCall/ -- IAC announced today that it has entered into a series of agreements that collectively provide for the placing of $840 million in bonds and $1.15 billion in senior credit facilities for Interval Leisure Group, Inc., Ticketmaster and HSN, Inc.; a significant milestone in IAC's spin-off plans, expected to close in Q3 2008. The HSN and Ticketmaster financings, which in the case of the credit facilities remain subject to finalizing documentation, are expected to close within the next two weeks.

Details on the financings include:

-- Interval Leisure Group -- Interval has entered into an agreement which will result in the placement of $300 million of senior unsecured notes due 2016 with a 9.5% coupon rate and has commitments for a $150 million 5-year Term Loan A and a $50 million 5-year revolver. ILG is expected to have $450 million in funded debt and approximately $120 million in cash at the time of the spin-off.

-- Ticketmaster -- Ticketmaster has entered into an agreement for the sale of $300 million of senior unsecured notes due 2016 with a 10.75% coupon rate and has commitments for a $100 million 5-year Term Loan A, a $350 million Term Loan B, and a $200 million 5-year revolver. Ticketmaster is expected to have $754 million in funded debt and approximately $500 million in cash at the time of the spin-off.

-- HSN -- HSN has entered into an agreement for the sale of $240 million of senior unsecured notes due 2016 with an 11.25% coupon rate and has commitments for a $150 million 5-year Term Loan A and a $150 million 5-year revolver. HSN is expected to have $390 million in funded debt and $50 million in cash at the time of the spin-off.

"These actions move us substantially closer to completing the spin-offs on the timetable we have laid out," said Tom McInerney, Chief Financial Officer of IAC. "The support of our banking group and bond investors in this tumultuous time in the credit markets are testament to the credit quality and outlook of each of Ticketmaster, HSN and Interval, who will begin their lives as independent companies with appropriate capital structures -- and IAC will begin the next stage of its life with an estimated $1.3 billion in net cash to invest in its existing rapidly-growing Internet businesses as well as new complementary opportunities."

In connection with the Interval financing outlined above, IAC and Interval have entered into an agreement pursuant to which, immediately following the spin-off of Interval, certain holders of IAC's outstanding 7% Senior Notes due 2013 will exchange their 7% Notes for the $300 million principal amount of 9.5% Interval Notes referenced above. IAC will also increase its previously announced tender price for the 7% Notes next week and has received the consent of holders of more than 50% of those notes in accordance with the agreement to certain amendments to the indenture under which the notes were issued, as outlined in the tender offer documents. These transactions, in connection with the Spin-Off, are intended to give rise to a succession event (with Interval as the sole successor to IAC) for credit derivatives purposes.

"These transactions are win-win for Interval, IAC and our bondholders. We are able to eliminate uncertainty over the resolution of the 7% Notes, provide our tendering bondholders with a more attractive tender price, and allow investors to achieve certain benefits in the credit derivative market as a result of the exchange structure, which in turn helped IAC to secure attractive financing for Interval at an otherwise challenging time," said Mr. McInerney.

The net proceeds of the financings outlined above will primarily fund a dividend to IAC prior to the spin-offs and will be used to fund the tender of the 7% Notes not exchanged for Interval Notes as well as future growth and investment opportunities.

The bank commitments remain subject to the execution of definitive documentation which is expected the week of July 21st. The HSN and Ticketmaster bond offerings are expected to close the week of July 28th, and the Interval bond offering will be consummated upon the exchange referenced immediately above.

Important Information

The matters discussed herein contain forward-looking statements. These statements involve risks and uncertainties. Additionally, IAC is subject to other risks and uncertainties set forth in its filings with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein.

About IAC

IAC operates leading and diversified businesses in sectors being transformed by the internet, online and offline... our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. To view a full list of the companies of IAC please visit our website at http://iac.com/.

Contacts IAC Investor Relations: IAC Corporate Communications: Eoin Ryan Stacy Simpson/ Leslie Cafferty (212) 314-7400 (212) 314-7470/ 7326

IAC

CONTACT: Investor Relations, Eoin Ryan, +1-212-314-7400, or Corporate
Communications, Stacy Simpson, +1-212-314-7470, or Leslie Cafferty,
+1-212-314-7326, both of IAC

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

IAC Amends Cash Tender Offer and Consent Solicitation for Its 7% Senior Notes Due 2013

NEW YORK, July 18 /PRNewswire-FirstCall/ -- IAC/InterActiveCorp and an Ad Hoc Committee of Certain Bondholders of the IAC 7% Senior Notes due 2013 (the "IAC Notes") jointly announced that IAC and holders holding over a majority in principal amount of the outstanding IAC Notes have entered into an agreement, pursuant to which, among other things, IAC will amend IAC's Offer to Purchase and Consent Solicitation dated June 11, 2008 (the "Offer") by next week. Under the terms of the Agreement, IAC will amend the terms of its cash tender offer pursuant to which it has offered to purchase all the outstanding IAC Notes to increase the price being offered by reducing the fixed spread over the yield on the reference treasury security on which the tender offer price is based from 215 basis points to 100 basis points.

Under the Agreement, holders of a majority of the IAC Notes have consented in accordance with the Agreement to certain amendments to the indenture under which the IAC Notes have been issued, as described in the Offer. In addition, pursuant to the Agreement, certain of these holders have agreed to tender their IAC Notes into the Offer and certain have agreed, immediately following the spinoff of Interval, to exchange (the "Exchange") IAC Notes for new 9.5% senior unsecured notes due 2016 to be issued by Interval, one of the companies to be spun off (the "Spinco") in connection with IAC's pending separation of IAC into five publicly traded companies.

In connection with this Agreement, IAC stated that the issuance and Exchange of the new Interval notes, together with the Offer as amended, are being made in connection with the spinoff of the Spinco, and are intended to give rise to a succession event (with Interval as the sole successor to IAC) for credit derivatives purposes. IAC has retained Morgan Stanley & Co., Incorporated to act as the Dealer Manager for the tender offer and the Solicitation Agent for the related consent solicitation. Questions regarding the tender offer and the consent solicitation may be directed to Morgan Stanley at (800) 624-1808 (toll-free) or (212) 761-1941 (collect) (Attn: Liability Management). Requests for documentation, including the terms of the Offer as to be amended when available, may be directed to MacKenzie Partners, Inc., the Information Agent for the tender offer and consent solicitation, at (800) 322-2885 (toll-free) or (212) 929-5500 (collect).

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the IAC Notes. This press release also is not a solicitation of consents to the proposed amendments to the indenture and the IAC Notes. The tender offer and consent solicitation are being made solely by means of the tender offer and consent solicitation documents, including the Offer to Purchase that IAC has distributed to holders of IAC Notes, as will be amended. The tender offer and consent solicitation are not being made to holders of IAC Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

Important Information

About IAC

Contacts IAC Investor Relations: IAC Corporate Communications: Eoin Ryan Stacy Simpson/ Leslie Cafferty (212) 314-7400 (212) 314-7470/ 7326

IAC

CONTACT: IAC Investor Relations: Eoin Ryan, +1-212-314-7400; IAC
Corporate Communications: Stacy Simpson, +1-212-314-7470, Leslie Cafferty,
+1-212-314-7326

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

PSi Technologies Issues Announcement Pursuant to Nasdaq Marketplace Rule 4350(B)

MANILA, Philippines, July 18 /PRNewswire-FirstCall/ -- PSi Technologies Holdings, Inc., , a leading independent provider of assembly and test services for the power semiconductor market, today announced that its financial statements for the year ended December 31, 2007, contained in its Annual Report on Form 20-F for the year ended December 31, 2007, as filed with the Securities and Exchange Commission on July 15, 2008, included an audit report containing a going concern statement from its independent public accounting firm.

This announcement is being made in compliance with Nasdaq Marketplace Rule 4350(b)(i)(B), which requires separate disclosure of receipt of an audit opinion that contains a going concern qualification. This announcement does not represent any change or amendment to the Company's 2007 financial statements or its Annual Report on Form 20-F.

Additionally, in its Annual Report on Form 20-F for the year ended December 31, 2007, as filed with the Securities and Exchange Commission on July 15, 2008, the Company disclosed that its Board of Directors determined that, as of July 15, 2008, it did not have an audit committee of at least three members. As a foreign private issuer, the Company may follow its home country practices regarding corporate governance in lieu of the corporate governance requirements of Nasdaq. Under Philippine law, the Company is not required to have an audit committee, and therefore, is not required to have at least three members on its Audit Committee as mandated by Nasdaq Rule 4350(d)(2). In accordance with Nasdaq Marketplace Rule 4350(a)(1), the Company's Philippine counsel has issued a written statement to Nasdaq certifying that its corporate governance practices are not prohibited by, and are consistent with, Philippine law and practice. As of July 18, 2008, the Company has identified the third member of its Audit Committee, and expects thereby, in the near future, to align the corporate governance practices of its Audit Committee with those of U.S. domestic companies under Nasdaq Marketplace Rules.

Further information regarding the going concern statement and the Company's Audit Committee can be found in the Company's Annual Report on Form 20-F for the year ended December 31, 2007, as filed with the Securities and Exchange Commission on July 15, 2008.

About PSi Technologies

PSi Technologies is a focused independent semiconductor assembly and test service provider to the power semiconductor market. The Company provides comprehensive package design, assembly and test services for power semiconductors used in telecommunications and networking systems, computers and computer peripherals, consumer electronics, electronic office equipment, automotive systems and industrial products. Their customers include most of the major power semiconductor manufacturers in the world such as Infineon Technologies, ON Semiconductor, Philips Semiconductor, and ST Microelectronics. For more information, visit the Company's web site at http://www.psitechnologies.com/ or call:

At PSi Technologies Holdings, Inc.: At Financial Relations Board: Larry V. Cajucom, Jr. Lasse Glassen Telephone No.: (632) 838 4489 Telephone No.: 1 (213) 486 6546 Email: lvcajucomjr@psitechnologies.com.ph Email : lglassen@frbir.com Safe Harbor Statement

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results and outcomes may differ materially. Factors that might cause a difference include, but are not limited to, those relating to the pace of development and market acceptance of PSi's products and the power semiconductor market generally, commercialization and technological delays or difficulties, the impact of competitive products and technologies, competitive pricing pressures, manufacturing risks, the possibility of our products infringing patents and other intellectual property of third parties, product defects, costs of product development, manufacturing and government regulation, risks inherent in emerging markets, including but not limited to, currency volatility and depreciation, restricted access to financing and political and social unrest and the possibility that the initiatives described herein may not produce the intended results. PSi undertakes no responsibility to update forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect PSi's financial results is included in the documents PSi files from time to time with the Securities and Exchange Commission.

PSi Technologies Holdings, Inc.

CONTACT: Larry V. Cajucom, Jr. of PSi Technologies Holdings, Inc.,
+1-632-838-4489, lvcajucomjr@psitechnologies.com.ph; or Lasse Glassen,
+1-213-486-6546, lglassen@frbir.com, for PSi Technologies Holdings, Inc.

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

Opening Night Bright for Batman: MovieTickets.com Reports 'The Dark Knight' Takes No. 4 Spot on Top Pre-Sale List of All TimeOnline Ticketing Provider Also Reports More than 1,300 Sold Out Shows Nationwide for Upcoming Performances

LOS ANGELES, July 18 /PRNewswire/ -- Less than 24 hours after "The Dark Knight" opened to record-breaking crowds, MovieTickets.com reports that more than 1,300 performances nationwide are still sold out. This includes more than 220 in New York City and Los Angeles alone. All this, combined with a move into the MovieTickets.com Top 5 Pre-Sale List of All-Time, and sky-high approval ratings from MovieTickets.com users, combines to pack a powerful punch.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070917/CLM019LOGO )

"We expect the bat signal to be on for quite some time," said Joel Cohen, executive vice president and general manager, MovieTickets.com. "The fact that there are still more than 1,300 sold-out performances to come and we haven't even reached the weekend yet is really quite staggering."

MovieTickets.com's Top 10 Pre-Sale List of All-Time (as of 7/18/08) 1. "Star Wars: Episode III - Revenge of the Sith" 2. "Harry Potter and the Goblet of Fire" 3. "The Lord of the Rings: The Return of the King" 4. "The Dark Night"

5. "Hannah Montana/Miley Cyrus: Best of Both Worlds Concert Disney Digital 3D"

6. "Harry Potter and the Order of the Phoenix" 7. "The Matrix Reloaded" 8. "Pirates of the Caribbean: At World's End" 9. "Star Wars: Episode II - Attack of the Clones" 10. "The Lord of the Rings: The Two Towers"

MovieTickets.com conducted web-based exit interviews with more than 3000 moviegoers who saw "The Dark Knight" on opening night. Of those surveyed, an overwhelming 98 percent ranked the film "excellent" or "very good," 1.5 percent ranked the film "good," and 0.5 percent ranked it as "fair" or "poor."

MovieTickets.com exhibitors include: Academy 8 Theaters (P & G Theaters), Access Digital Theatres, Alco Theaters, All Star Entertainment, AMC Theatres, Amherst Cinema Art Center, Arena Grand Theatre (Columbus Hospitality), Ashbrie Cinemas, Atlantic Theaters (Movies at Midway), Atlas Cinemas, B&B Theaters, Bank Street Theatre, Bowtie Cinemas, Brooklyn Academy of Music, Bryn Mawr Movie Theatre Co., Camera Cinemas, Celebrity Theatres, Channelside Cinemas, Cinema Centers, Cinema Four-Quad (Quad Cinema), Cinemagic Movies, Cinemagic Theatres (MN), Cinemall, Cineplex Odeon, Classic Cinemas, Clearview Cinemas, Cleveland Cinemas, Consolidated Theatres, Cornelius Cinemas, Dickinson Theatres, Dipson Theatres, Discovery Theater, Drexel Theatres, Eastern Shores (O'Neil Theaters NE), Emagine Entertainment (Cinema Hollywood), Entertainment Retail (Hollywood Hits), Elvis Cinemas, Eveningstar Cinema, Famous Players, Film Forum, Fine Arts Theatre - Beverly Hills, Fox Bay Cinema Grill, Foxmoor Movies, Frank Theaters, Funasia Theaters, Galaxy Cinemas (Canada), Galaxy Cinemas (GA), Galaxy Cinemas (NC), Greater Huntington Theatres, Greenville Cinemas (Camelot Cinemas), Hallett Cinemas, Harkins Theatres, Harrisonville Cinema, HLB Entertainment (Palace 9, Majestic 10), Hollywood Cinema 9, Hollywood Premier Cinemas, Howell Theater, IFC Center, Island Cinemas, Jarvis Conservatory, Kew Gardens (and Cobble Hill), K&G Theaters (Bloomfield 8), Krikorian Premiere Theatres, Landmark Theatres (and Ritz Theatres), M Park 4, Main Street Cinemas, Malco Theatres, Mann Theatres , Marcus Theatres, Marquee Cinemas, Metropolitan Theatres, Mission Grove Theaters, MJR Theatres, MnM Theatres, Moore Family Theaters, Movie Tavern, MovieMax Theatres, NAOS Entertainment, Narberth Theatre, National Amusements, Nelsonville Movies 10, North American Cinema, Oasis Cinema, Omniplex Theatre Group, O'Neil Theatres (Louisiana), Pacific Theatres, Paris Theater, Penn Cinema, Phoenix Theatres (MI), Phoenix Theatres (TN), Pickwick Theatres, Premiere Cinemas, Quarry Cinemas, Rail Road Square Cinema, Rave Motion Pictures, Reading Cinemas USA (City Cinemas, Angelika), Regency 8 Cinema, Rio Entertainment, Riviera Cinemas, Roxy Theatres, Safari Cinema, Sayville Theatre, Scotiabank Theatres, Sea Turtle Cinemas, ShowBiz Cinemas, Showplace Cinemas, Silver Screen Cinemas, Silver Screen Partners, Spotlight Theatres, Star Vu Drive-In, Starplex Cinemas, Studio Movie Grill, Sunrise Cinemas, Tango Theaters, Tower Theaters, Trans-Lux Cinemas, UltraStar Cinemas, Village Theaters, Warren Theatres, Watson Theatre, Wellfleet Cinemas, and Westates Theatres.

About MovieTickets.com

MovieTickets.com ( http://www.movietickets.com/ ), the world's most powerful Internet movie ticketing service, offers moviegoers a convenient way to buy movie tickets in advance. MovieTickets.com enables consumers to buy tickets online for movie screens across the United States, as well as in Canada at MovieTickets.ca; in the U.K. at MovieTickets.co.uk; in Ireland at MovieTickets.ie; from any Internet-enabled wireless device at mobile.movietickets.com; and from any phone at 877-789-MOVIE. Formed in 2000, MovieTickets.com is a joint venture between AMC Entertainment, Hollywood Media Corp. , National Amusements, Famous Players, Marcus Theatres , Viacom and America Online, and leverages the collective theater chain expertise to deliver consumers a premium movie ticketing experience. Its elite collection of partner theaters consistently represents over 50 percent of the top 50 and over 50 percent of the top 100 grossing theaters in North America on any given weekend. The MovieTickets.com theater chain group, which includes 128 theater chains, is about five times the number of chains of its nearest competitor.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070917/CLM019LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com MovieTickets.com

CONTACT: Grant Marek, +1-310-578-7050, marek@formulapr.com, for
MovieTickets.com

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

Future Now Launches the First in a Series of New Webinars with Google

FAIRFIELD, Conn., July 18 /PRNewswire-FirstCall/ -- Future Now Group, Inc. (BULLETIN BOARD: FUTR) ("Future Now"), a recognized leader in online marketing optimization, announced the successful launch of its webinar series with Google. The monthly webinar series is designed specifically for marketers and users of Google Website Optimizer.

Bryan Eisenberg, Co-Founder of Future Now opened up by identifying areas and elements to test on a website that drive online results. Tom Leung, Business Product Manager for Google Website Optimizer, then guided attendees through useful insider tips and tricks when using Google Website Optimizer to easily test areas and elements on a website.

"It is a pleasure presenting with Tom. Our expertise dovetails perfectly. Thousands of people will watch these webinars. Google has stimulated tremendous demand for optimization services with their analytics and testing tools. This webinar series reinforces our thought leadership and of course increases leads for our products and services," said Bryan Eisenberg.

Patrick Sullivan, JR, President of Jigsawhealth.com and a client of Future Now, said, "Bryan and Tom were excellent. The content was invaluable for my team and me. Everybody with an online business should be attending this series."

This first webinar comes on the heels of Future Now's announced participation in Google's new Google Website Optimizer Solutions Offerings as an authorized consultant.

The archived version of the webinar can be found at: http://www.futurenowinc.com/Always_Be_Testing_Webinar_archive_July2008.htm

To signup up for the next webinar visit: http://www.futurenowinc.com/abtwebinar.htm

About Future Now Group, Inc.

Through a proprietary methodology and supporting set of software tools, Future Now provides optimization solutions that help businesses improve their online marketing efforts thereby generate more sales, leads, and subscriptions. Persuasion Architecture(R), delivers clients the ability to plan, measure and improve their online sales and marketing initiatives. Our client successes in optimizing their online conversion rates (converting more online traffic into leads, subscriptions and sales) have been widely recognized by the Wall Street Journal, Entrepreneur Magazine, Forbes, Inc. Magazine, as well as industry publications like Internet Retailer, Marketing Sherpa and ClickZ.

For additional information go to http://www.futurenowinc.com/. Notice Regarding Forward Looking Statements.

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended. There can be no assurance that such statements will prove to be accurate and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" in our documents filed from time to time with the Securities and Exchange Commission. The contents of this press release are presented as a general overview of the company and do not purport to provide complete disclosure or analysis of all matters, which may be relevant to a decision to make an investment decision. Although the information is believed current as of the date herein, the information may be subject to change, or amendment, and the company does not expect, and assumes no obligation, to update or otherwise revise the information.

Contact: Investor Relations William Schloth william@futurenowgroup.com 718-560-3310

Future Now Group, Inc.

CONTACT: Investor Relations: William Schloth,
william@futurenowgroup.com, +1-718-560-3310

Web site: http://www.futurenowinc.com/
http://jigsawhealth.com/
http://www.futurenowinc.com/abtwebinar.htm

Moog Inc. Announces Third Quarter 2008 Earnings Webcast on July 25, 2008

EAST AURORA, N.Y., July 18 /PRNewswire-FirstCall/ -- Moog Inc. will release its third quarter fiscal 2008 earnings for the period ended June 28, 2008 on Friday July 25, 2008. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. EDT, which will be simultaneously broadcast live over the Internet. Bob Brady, Chairman and CEO, and John Scannell, CFO, will host the call.

Listeners can access the conference call live or in replay mode on the Internet at http://www.moog.com/Home/Investors/Webcast/. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.

Supplemental data will be available on the website approximately 60 minutes prior to the call and will be archived for 30 days.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog's high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at http://www.moog.com/.

Moog Inc.

CONTACT: Ann Marie Luhr, +1-716-687-4225, for MOOG Inc.

Web site: http://www.moog.com/
http://www.moog.com/Home/Investors/Webcast

comScore Releases June 2008 U.S. Search Engine Rankings

RESTON, Va., July 18 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released its monthly comScore qSearch analysis of the U.S. search marketplace. In June 2008, Americans conducted 11.5 billion core searches, representing a 7-percent gain versus May.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO) June 2008 U.S. Core Search Rankings

In June, Google Sites retained its lead in the U.S. core search market capturing 61.5 percent of the searches conducted, down slightly from 61.8 percent in May. Google was followed by Yahoo! Sites (20.9 percent, up from 20.6 percent in May), Microsoft Sites (9.2 percent, up from 8.5 percent in May), Ask Network (4.3 percent), and AOL LLC (4.1 percent).

comScore Core Search Report* June 2008 vs. May 2008 Total U.S. - Home/Work/University Locations Source: comScore qSearch 2.0 Share of Searches (%) Point Change Jun-08 vs. Core Search Entity May-08 Jun-08 May-08 Total Core Search 100.0% 100.0% 0.0 Google Sites 61.8% 61.5% -0.3 Yahoo! Sites 20.6% 20.9% 0.3 Microsoft Sites 8.5% 9.2% 0.7 Ask Network 4.5% 4.3% -0.2 AOL LLC 4.5% 4.1% -0.4 * Based on the five major search engines including partner searches and cross-channel searches. Searches for mapping, local directory, and user-generated video sites that are not on the core domain of the five search engines are not included in the core search numbers.

Americans conducted 11.5 billion searches at the core search engines, representing a 7-percent increase versus May. Google Sites handled more than 7 billion core searches (up 6 percent from May), followed by Yahoo! Sites with 2.4 billion (up 9 percent), and Microsoft Sites with more than 1 billion (up 15 percent).

comScore Core Search Report* June 2008 vs. May 2008 Total U.S. - Home/Work/University Locations Source: comScore qSearch 2.0 Search Queries (MM) Percent Change Jun-08 vs. Core Search Entity May-08 Jun-08 May-08 Total Core Search 10,777 11,541 7% Google Sites 6,664 7,096 6% Yahoo! Sites 2,221 2,416 9% Microsoft Sites 920 1,056 15% Ask Network 486 501 3% AOL LLC 486 471 -3% * Based on the five major search engines including partner searches and cross-channel searches. Searches for mapping, local directory, and user-generated video sites that are not on the core domain of the five search engines are not included in the core search numbers. June U.S. Expanded Search Rankings

In the comScore June 2008 analysis of the top properties where search activity is observed, Google Sites led with 9.6 billion searches, a 9-percent increase versus May. Yahoo! Sites ranked second with 2.6 billion searches (up 8 percent from May), followed by Microsoft Sites with 1.1 billion (up 14 percent) and AOL LLC with 792 million.

comScore Expanded Search Query Report June2008 vs. May 2008 Total U.S. - Home/Work/University Locations Source: comScore qSearch 2.0 Search Queries (MM) Percent Change Jun-08 vs. Expanded Search Entity May-08 Jun-08 May-08 Total Expanded Search 15,463 16,668 8% Google Sites 8,838 9,601 9% Google 6,814 7,277 7% YouTube/All Other 2,024 2,324 15% Yahoo! Sites 2,387 2,570 8% Yahoo! 2,352 2,530 8% All Other 35 40 14% Microsoft Sites 963 1,102 14% MSN-Windows Live 932 1,069 15% Microsoft/All Other 31 33 6% AOL LLC 831 792 -5% AOL Search Network 456 430 -6% MapQuest/All Other 375 362 -3% Ask Network 489 506 3% Ask.com 321 341 6% MyWebSearch.com/ All Other 168 165 -2% Fox Interactive Media 402 457 14% MySpace 395 448 13% All Other 7 9 29% eBay 449 444 -1% Craigslist.org 314 342 9% Facebook.com 121 157 30% Amazon Sites 141 152 8%

To request more information on comScore qSearch 2.0, please visit http://www.comscore.com/contact

About comScore

comScore, Inc. is a global leader in measuring the digital world. For more information, please visit http://www.comscore.com/boilerplate

Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com comScore, Inc.

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

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

DISH Network Expands Local High Definition Markets

ENGLEWOOD, Colo., July 18 /PRNewswire-FirstCall/ -- DISH Network Corporation , the nation's third largest pay-TV provider and the digital transition leader, today announced the addition of high definition local channels in Beaumont - Port Arthur, Texas. DISH Network(R) now offers local channels in 66 markets reaching more than 69 percent of U.S. TV households, continuing its commitment to reach its year-end goal of 100 local HD markets.

Earlier this year, DISH Network announced plans to enhance its HD programming line-up and will surpass the 100 national HD channel mark on August 1, 2008.

DISH Network offers new customers the opportunity to upgrade for free to a dishHD DVR receiver like the ViP722(TM) -- which recently received the top-ranking Editors' Choice awards from both CNET and PC Magazine. The ViP722 is a dual-tuner HD DVR that operates two televisions in separate rooms and offers up to 500 hours of storage capacity allowing customers to pause, rewind and fast forward their favorite TV programming.

For more information on DISH Network, visit http://www.dishnetwork.com/ or call 1-800-333-DISH (3474).

About DISH Network Corporation

DISH Network Corporation , the nation's third largest pay-TV provider and the leader in digital television, provides more than 13.815 million satellite TV customers with industry-leading customer satisfaction which has surpassed major cable TV providers for eight consecutive years. DISH Network also provides customers with award-winning HD and DVR technology including the ViP722(TM) HD DVR, which received the Editors' Choice awards from both CNET and PC Magazine. In addition, subscribers enjoy access to hundreds of video and audio channels, the most International channels in the U.S., industry-leading Interactive TV applications, Latino programming, and the best sports and movies in HD. DISH Network offers a variety of package and price options including the lowest all-digital price in America, the DishDVR Advantage Package, high-speed Internet service, and a free upgrade to the best HD DVR in the industry. DISH Network is included in the Nasdaq-100 Index (NDX) and is a Fortune 300 company. Visit http://www.dishnetwork.com/aboutus or call 1-800-333-DISH (3474) for more information.

DISH Network Corporation

CONTACT: Parker McConachie, +1-720-514-5351, press@echostar.com, for
DISH Network Corporation

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

Hagens Berman: T-Mobile Loses Important Battle in Cell Phone Text Messaging CaseFederal Court Judge Denies Motion to Dismiss Case against Cell Phone Giant

SEATTLE, July 18 /PRNewswire/ -- T-Mobile USA, Inc., a subsidiary of Deutsche Telekom AG , lost an important ruling earlier this week when a U.S. District Court judge denied its motion to dismiss a lawsuit filed by a group of disgruntled T-Mobile subscribers, claiming the Bellevue-based company charges them -- and millions of T-Mobile customers -- for unsolicited text messages.

According to the complaint, customers have no way to disable the phones from receiving text messages, often in the form of spam, and are forced to pay between 10 and 15 cents for every message.

The court's ruling allows the case, filed on Oct. 19, 2007, to move forward.

"This ruling is a big win for T-Mobile customers and we're looking forward to presenting our case to the court," said Steve Berman, managing partner of Hagens Berman, the firm representing the plaintiffs.

Currently, T-Mobile customers have few options for avoiding the charges for unwanted text messages, the complaint states. Customers can either continue receiving charges or terminate their cellular service contract before completion, which can result in early termination fees as high as $200.

"We don't believe either option is tenable for the company's 27 million subscribers," continued Berman. "It is noteworthy that other carriers have found a way to allow customers to disable this function."

According to named plaintiff Marco Zaldivar, in addition to charging him for receipt of unwanted text messages, the company also failed to highlight this practice in his service contract.

Zaldivar claims that nowhere did T-Mobile advertising include the fact that the company charges customers for all incoming messages. He alleges that both online and in-store T-Mobile marketing materials only described text messaging as an optional service for an additional monthly fee.

Judge Richard Jones thwarted T-Mobile's attempt to dismiss the case, denying the company's arcane legal argument that the complaint filed against them contained flaws in the way it made certain allegations.

To follow the case in more detail, please consult the following site: http://www.hagens-berman.com/Tmobile.

About Hagens Berman

The law firm of Hagens Berman, formally known as Hagens Berman Sobol Shapiro, is based in Seattle with offices in Chicago, Cambridge, Los Angeles, Phoenix and San Francisco. Since the firm's founding in 1993, it has developed a nationally recognized practice in class-action and complex litigation. Among recent successes, HBSS has negotiated a pending $300 million settlement as lead counsel in the DRAM memory antitrust litigation; a $340 million recovery on behalf of Enron employees which is awaiting distribution; a $150 million settlement involving charges of illegally inflated charges for the drug Lupron, and served as co-counsel on the Visa/Mastercard litigation which resulted in a $3 billion settlement, the largest anti-trust settlement to date. HBSS also served as counsel in a $850 million settlement in the Washington Public Power Supply litigation and represented Washington and 12 other states in lawsuits against the tobacco industry that resulted in the largest settlement in the history of litigation. For a complete listing of HBSS cases, visit http://www.hbsslaw.com/.

CONTACTS: Steve Berman (206) 623-7292 Hagens Berman Steve@hbsslaw.com Mark Firmani (206) 443-9357 Firmani + Associates Inc. Mark@firmani.com

Hagens Berman

CONTACT: Steve Berman of Hagens Berman, +1-206-623-7292,
Steve@hbsslaw.com; or Mark Firmani of Firmani + Associates Inc.,
+1-206-443-9357, Mark@firmani.com, for Hagens Berman

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

Verizon Wireless Launches High-Speed Wireless Broadband Network Throughout Schuylkill CountyCustomers Can Now Get High-Speed Wireless Access on Their Laptops and Download Full-track Songs, Watch Videos, Play Games and More on Their Phones

POTTSVILLE, Pa., July 18 /PRNewswire/ -- Schuylkill County residents now have access to the Internet, e-mail and other data on their laptops at faster speeds and can download music, watch videos, play 3D games and more on their phones as Verizon Wireless rolls out its high-speed wireless broadband network in more than a dozen communities throughout the county. Customers can now enjoy access to Verizon Wireless' flagship services -- BroadbandAccess and V CAST -- in the following areas:

-- Minersville, Frackville, Mahanoy, McAdoo, Deer Lake, Ashland, South Schuylkill, Schuylkill Haven, Pottsville, Tamaqua, Mt. Carbon, New Ringold, Buck Mountain and South Tamaqua -- Along Interstate 81 and along Routes 54, 61, 901, 443, 209 and 309

"Our high-speed wireless network gives our customers three key advantages in wireless communication: speed, mobility and security," said Christine Baron, president of Verizon Wireless' Philadelphia Tri-State region. "With these advantages, business customers and mobile professionals can increase productivity and see bottom-line business benefits. In addition, our V CAST services, such as V CAST Music with Rhapsody, help keep customers entertained while on the go -- on the same devices they carry with them every day."

BroadbandAccess

The network expansion into Schuylkill County enables Verizon Wireless' business customers to experience a truly mobile office experience with BroadbandAccess, giving them access to their calendars, the Internet, e-mail and critical business information residing behind their companies' firewalls. BroadbandAccess was developed with a range of users in mind and enables large enterprises, small- to medium-sized businesses and mobile professionals to conduct business anytime, anywhere in the BroadbandAccess coverage area via a secure, true high-speed data connection.

Customers in wireless broadband coverage areas can expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits and average upload speeds of 500-800 kbps, which means customers can download a 1 Megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds. To help customers stay connected, BroadbandAccess seamlessly switches over to the company's NationalAccess service if a customer travels outside of the BroadbandAccess coverage.

V CAST Music with Rhapsody

The company's network powers its V CAST Music with Rhapsody service, which combines Verizon Wireless' world-class, over-the-air mobile music service with Rhapsody's leading desktop solution. Delivering unlimited monthly access to music on up to three Rhapsody-compatible mobile phones and players and online on multiple PCs and Web browsers, V CAST Music with Rhapsody lets customers who purchase music over-the-air download the master copy of the songs or albums to their PCs free of digital rights management (DRM) software that restricts how and where music can be played.

V CAST

The company's V CAST service offers customers the ability to play cutting-edge 3D games and stream video clips straight to handsets. V CAST offers content updated daily so customers can watch dozens of on-demand videos, including breaking news, weather, sports highlights and the hottest entertainment clips.

Network Technology and Investment

Verizon Wireless' broadband network is based on CDMA 1x Evolution-Data Optimized (EV-DO) Revision A (Rev. A) technology and provides Verizon Wireless customers in Schuylkill County with speeds significantly faster than the company's NationalAccess service.

The multi-million dollar expansion entailed installing high-tech wireless hardware and software in wireless transmission sites throughout the region. It is part of an ongoing network investment by Verizon Wireless, which has invested more than $45 billion since it was formed -- $5.5 billion on average every year since the company was formed -- to increase the coverage and capacity of its national network and to add new services. The company spent more than $235 million in 2007 to enhance services and coverage in the Philadelphia Tri-State region, which includes Central Pennsylvania and Northeastern Pennsylvania, bringing the total network investment to more than $1.5 billion since 2000.

For more information about Verizon Wireless products and services, visit the local Verizon Wireless Communications Store kiosk at the Laurel Mall, 106 Laurel Mall Road, Hazelton, PA 18201, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.

Editor's Note: Media representatives interested in setting up an interview or ride-along test drive with your local Verizon Wireless test man or woman can call Brett Marcy at (717) 231-5340.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Brett Marcy, +1-717-231-5340, for Verizon Wireless; or Sheldon
Jones of Verizon Wireless, +1-215-638-5668, Sheldon.jones@verizonwireless.com

Web site: http://www.verizon.com/
http://www.verizonwireless.com/multimedia

Performance Technologies Schedules Second Quarter 2008 Earnings Release and Conference Call

ROCHESTER, N.Y., July 18 /PRNewswire-FirstCall/ -- Performance Technologies , a leading developer of communication platforms and systems, will announce its financial results for the second quarter 2008 after the market closes on Thursday, July 24, 2008.

A conference call will be held on Friday, July 25 at 10:00 a.m., New York time, to discuss the results. All institutional investors can participate in the conference by dialing (866) 250-5144 or (416) 849-6163. The call will be available simultaneously for all other investors at (866) 494-3387 or (416) 915-1198. A digital recording of this conference call may be accessed immediately after its completion from July 25 through July 29, 2008. To access the recording, participants should dial (866) 245-6755 or (416) 915-1035 using passcode 630602. A live webcast of the conference call will be available on the Performance Technologies website at http://www.pt.com/ and will be archived to the site within two hours after the completion of the call.

About Performance Technologies (http://www.pt.com/)

Performance Technologies is a global supplier of integrated IP-based platforms and solutions for advanced communications networks and innovative computer system architectures. Our Embedded Systems Group offers robust application-ready platforms that incorporate open standards-based software and hardware, providing significantly accelerated end product deployment benefits for equipment manufacturers. Our Signaling Systems Group offers the SEGway(TM) product suite, which includes IP STPs, SS7 over IP transport solutions, and signaling gateways that enable lower operating costs through utilization of IP networks, thereby creating competitive advantages for carriers in existing and emerging markets.

Performance Technologies is headquartered in Rochester, New York. Additional engineering facilities are located in San Diego and San Luis Obispo, California, and Kanata, Ontario, Canada.

Contact Info: Dorrance W. Lamb SVP and Chief Financial Officer Performance Technologies 585-256-0200 ext. 7276 finance@pt.com

Performance Technologies

CONTACT: Dorrance W. Lamb, SVP and Chief Financial Officer, Performance
Technologies, +1-585-256-0200 ext. 7276, finance@pt.com

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

[video] Stocks Covered on This Week's Episode of WallSt.net's News Magazine: FLWS, ARBA, IFUL, ADL, INTC, FIMA, GBLE, MAIL, IFDG

NEW YORK, July 18 /PRNewswire-FirstCall/ -- WallSt.net's News Magazine is a half-hour television program that is scheduled to air on Sundays at 5:30 p.m. EDT (2:30 p.m. PDT) on the Fox Business Network.

The show features compelling interviews with public company CEOs, informative trading strategies from investment professionals, and the latest headlines from public companies from around the world.

Episodes of WallSt.net's News Magazine can also be viewed in their entirety on the Web at: http://tv.wallst.net/news-magazine/news-magazine.php.

The following companies will be featured on this Sunday's program: -- 1-800-Flowers.com, Inc. -- Ariba, Inc. -- Insightful Corp. -- AMDL, Inc. -- Intel Corp. -- FIMA, Inc. (Pink Sheets: FIMA) -- Global 8 Environmental Technologies, Inc. (BULLETIN BOARD: GBLE) -- IncrediMail Ltd. -- International Food Products Group, Inc. (BULLETIN BOARD: IFDG) About WallStreet Direct, Inc.

WallStreet Direct, Inc. a wholly-owned subsidiary of Financial Media Group, Inc., owns and operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/) an online hub for business podcasts from well-known business news personalities and publishers, and WallStTV (http://tv.wallst.net/), a hub for business and finance video programming. WallStreet Direct, Inc. has received two million five hundred ninety six thousand restricted shares of ORCY from Organic Recycling Technologies, Inc. [previous corporate name for Global 8 Environmental Technologies, Inc.] for media and advertising services (one million five hundred ninety six thousand shares sold). Financial Filings Corp., our sister company, and a wholly owned subsidiary of Financial Media Group, Inc., has received sixty thousand dollars and four hundred forty thousand restricted shares of ORCY from Organic Recycling Technologies, Inc. [previous corporate name for Global 8 Environmental Technologies, Inc.] for services provided under a separate contract. WallStreet Direct, Inc. has received three hundred fifty seven thousand restricted shares of FIMA from FIMA, Inc. for media and advertising services. WallStreet Direct, Inc. has received four million restricted shares of IFDG from International Food Products Group, Inc. for media and advertising services. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.

Contact: WallStreet Direct, Inc. 800-4-WALL-ST

WallStreet Direct, Inc.; 1-800-Flowers.com, Inc.; Ariba, Inc.;

CONTACT: WallStreet Direct, Inc., 1-800-4-WALL-ST

Web site: http://www.wallst.net/
http://radio.wallst.net/
http://tv.wallst.net/

Jiangsu Changjiang Electronics Technology Co., Ltd. Expands Production With Purchase of Multiple Test Platforms From Eagle Test Systems, Inc.

BUFFALO GROVE, Illinois, July 18 /PRNewswire/ --

Eagle Test Systems, Inc. (Nasdaq: EGLT) announced today that Jiangsu Changjiang Electronics Technology Co., Ltd., (Shanghai Stock Exchange Share Code: 600584) a global provider of semiconductor assembly and test services and leading subcontract manufacturer throughout China, has purchased multiple Eagle ETS-200 and ETS-364 Analog and Mixed Signal testers for its new production facility in Jiangyin, China, located approximately 150Km West of Shanghai.

The recent purchase increases Jiangsu's installed base of Eagle Test Systems' platforms and provides expanded test capability covering the wide range of products that JCET's current and new customers require.

"Eagle is a proven platform at Jiangsu Changjiang Electronics. We have chosen to purchase additional Eagle systems to meet the continuing test demand of our growing local and international customer base. Eagle's tester architecture provides JCET the only true multi-site parallel test capability and our lowest cost-of-test. In the cost driven world of test subcontracting, Eagle allows JCET to maintain the cost-of-test advantage and the technical superiority to meet our customer's growing needs. This purchase will help us to meet our newest production test goals in our new expanded operation," stated Wang Xin Chao, President, Jiangsu Changjiang Electronics Technology Co., Ltd.

"We are very pleased that Jiangsu Changjiang Electronics continues to recognize Eagle's platforms as the industry's most cost effective production test solutions for Analog and Mixed Signal devices and are excited to further strengthen our close relationship," stated Michael Byrnes, Director of North Asia, Eagle Test Systems. "Eagle's rapid expansion in China's cost driven market reflect the true value and capabilities of the solutions Eagle provides."

About Eagle Test Systems, Inc.

Eagle Test Systems, Inc. designs, manufactures, sells and services high-performance automated test equipment for the semiconductor industry. The company's products are used to test analog, mixed-signal and radio frequency (RF) semiconductors that are used in products such as digital cameras, MP3 players, automotive electronics, cellular telephones, computers and peripherals. The company was founded in 1976 and has offices located throughout the world in Asia, North America and Europe, with corporate headquarters in Buffalo Grove, Illinois.

Please visit http://www.eageltest.com for more information.

About Jiangsu Changjiang Electronics Technology Co., Ltd.

Jiangsu Changjiang Electronics Technology Co., Ltd. is specialized in IC packaging and final testing for customers worldwide. It has been ranked as one of China's Top 10 Electronics Companies and a key high-tech enterprise in China. The company occupies a total area of 120,000m2 and purifying workshops of 50,000m2. There are 50% medium and high-ranking technical professionals among 2,800 staff members. The company has been successfully listed (A-shares) on the Shanghai Stock Exchange since June of 2003. (Share Code: 600584) The company reached a discrete device output of 15 billion units and ICs at 2.5 billion units in 2004. The company is certified ISO 9002 Quality System since June of 1996, and passed the Certifications of QS9000 and ISO14001 in 2002. The "Changjiang" brand was honored with the titles of "Top Ten Semiconductor Brand in China" and "Jiangsu (Province)Famous Brand."

Company Contacts: Stephen J. Hawrysz Chief Financial Officer Eagle Test Systems, Inc. +1-847-327-1033

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

Eagle Test Systems, Inc.

Stephen J. Hawrysz, Chief Financial Officer of Eagle Test Systems, Inc., +1-847-327-1033

Cogent Communications to Host Second Quarter 2008 Earnings Call on August 8, 2008

WASHINGTON, July 18 /PRNewswire-FirstCall/ -- Cogent Communications Group, Inc. will host a conference call with financial analysts at 8:30 a.m. (ET) on August 8, 2008 to discuss Cogent's operating results for the second quarter of 2008. Cogent will issue a press release announcing the operating results at 7 a.m. (ET) on August 8, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO )

To participate, investors and other interested parties may access the earnings call as follows:

Dial-in Numbers: 1-877-545-1488 for U.S. callers 1-719-325-4895 for international callers Internet: An audio webcast is accessible under "Events" at the "Investor Relations" section of Cogent's website at http://www.cogentco.com/ and will remain available through October 31, 2008. Telephone Replay: Friday, August 8, 2008 at 11:30 a.m. ET and continuing through 11:59 p.m. ET on Friday, August 15. To listen to the replay, please dial 1-719-457-0820, Access code 4263817 About Cogent Communications

Cogent Communications is a multinational, Tier 1 facilities-based ISP, operating one of the largest capacity IP networks in existence with lit capacities ranging from 80 to 200 Gigabits per second. Cogent specializes in providing businesses with high speed Internet access and point-to-point transport services. Cogent's facilities-based, all-optical IP network backbone provides IP services in over 110 markets located in North America and Europe.

Since Cogent's inception, Cogent has unleashed the benefits of IP technology, building one of the largest and highest capacity IP networks in existence. This network enables Cogent to offer large bandwidth connections at highly competitive prices. Cogent also offers superior customer support by virtue of its end-to-end control of service delivery and network monitoring.

Cogent Communications is headquartered at 1015 31st Street, NW, Washington, D.C. 20007. For more information, visit http://www.cogentco.com/. Cogent Communications can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.

Information in this release may involve expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Cogent Communications Group, Inc. as of the date of the release, and we assume no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Some of the factors and risks associated with our business are discussed in Cogent's registration statements filed with the Securities and Exchange Commission and in its other reports filed from time to time with the SEC.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Cogent Communications Group, Inc.

CONTACT: Public Relations, Travis Wachter, +1-202-295-4200,
twachter@cogentco.com; or Investor Relations, +1-202-295-4212,
investor.relations@cogentco.com, both for Cogent Communications Group, Inc.

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

The Stanley Works Announces 41st Consecutive Annual Cash Dividend Increase

NEW BRITAIN, Conn., July 18 /PRNewswire-FirstCall/ -- The Stanley Works announced today that its Board of Directors approved an increase of 3.2% in its quarterly cash dividend to $.32 per common share. This extends the company's records for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday, September 23, 2008 to shareowners of record on Friday, September 5, 2008.

John F. Lundgren, Chairman and Chief Executive Officer, said: "The cash dividend is a key element of the total return we deliver to our shareowners. Our consistently strong cash flows enable us to continue increasing that dividend, while both maintaining debt levels consistent with our target range and pursuing an acquisition program that continually strengthens our portfolio of growth businesses. This is the 41st consecutive year in which Stanley's annual dividend payment has been increased. We are proud to extend that record, keeping Stanley among the top of S&P 500 companies in terms of the number of successive years with an increased cash dividend."

The Stanley Works, an S&P 500 company, is a diversified worldwide supplier of tools and engineered solutions for professional, industrial, construction and do-it-yourself use, and security solutions for commercial applications. More information about The Stanley Works can be found at http://www.stanleyworks.com/.

The Stanley Works corporate press releases are available in the Investor Relations section of the company's Internet web site at http://www.stanleyworks.com/.

The Stanley Works

CONTACT: Greg Waybright, Interim VP, Investor Relations of The Stanley
Works, +1-860-827-3544, gwaybright@stanleyworks.com

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

Company News On-Call: http://www.prnewswire.com/comp/874363.html

Jiangsu Changjiang Electronics Technology Co., Ltd. Expands Production With Purchase of Multiple Test Platforms From Eagle Test Systems, Inc.

BUFFALO GROVE, Ill., July 18 /PRNewswire-FirstCall/ -- Eagle Test Systems, Inc. announced today that Jiangsu Changjiang Electronics Technology Co., Ltd., (Shanghai Stock Exchange Share Code: 600584) a global provider of semiconductor assembly and test services and leading subcontract manufacturer throughout China, has purchased multiple Eagle ETS-200 and ETS-364 Analog and Mixed Signal testers for its new production facility in Jiangyin, China, located approximately 150Km West of Shanghai.

About Eagle Test Systems, Inc.

Please visit http://www.eageltest.com/ for more information. About Jiangsu Changjiang Electronics Technology Co., Ltd.

Company Contacts: Stephen J. Hawrysz Chief Financial Officer Eagle Test Systems, Inc. 847-327-1033

Eagle Test Systems, Inc.

CONTACT: Stephen J. Hawrysz, Chief Financial Officer of Eagle Test
Systems, Inc., +1-847-327-1033

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

U.S. Army Selects Raytheon's Excalibur as a Best Invention of 2007

TUCSON, Ariz., July 18, 2008 /PRNewswire/ -- Raytheon Company's Excalibur precision-guided artillery projectile received a Top 10 Army Greatest Inventions of the Year Award for 2007.

"This award proves our innovative products change the face of battle," said Jim Riley, vice president of Raytheon's Land Combat product line. "Using the Excalibur projectile means the soldier is more effective and collateral damage is kept to an absolute minimum. Excalibur will provide organic precision with discrimination to the soldiers of every Heavy, Stryker and Future Combat Systems brigade combat team."

Excalibur is a 155 mm artillery projectile guided by a GPS/Inertial Navigation System. It gives soldiers an artillery round with precision guidance and extended range.

"These inventions have an impact every day on the lives of the men and women in harm's way," said Gen. Benjamin S. Griffin, commanding general, U.S. Army Materiel Command. "When you talk to units in the field, they know about them. They use them."

Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

Contact: Heather Uberuaga 520.665.5594 uberuaga@raytheon.com

Raytheon Company

Contact: Heather Uberuaga of Raytheon Company, +1-520-665-5594,
uberuaga@raytheon.com

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

Pisgah Astronomical Research Institute Reaches for the Stars With its EMC Information InfrastructureEMC Furthers Information Heritage Initiative With Donation To North Carolina-Based Pisgah Astronomical Research Institute

HOPKINTON, Mass., July 18 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, announced today it donated $70,000 in technology and services to the Pisgah Astronomical Research Institute (PARI) in North Carolina. With this technology, PARI will collect and enable access to celestial observation data for astronomers, researchers and students.

"Astronomical photographic plates are in danger of being lost or destroyed unless measures are taken to collect them and make their information available to scientists and researchers from around the world," said Dr. Michael Castelaz, Director of Astronomical Studies and Education at PARI. "EMC's generous donation and ongoing support helps us collect astronomical data from researchers throughout North America and make these valuable resources available over the Internet to scientists and researchers from around the world."

PARI, a not-for-profit 501(c)(3) foundation established in North Carolina in 1998, is dedicated to furthering science, technology, engineering and math (STEM) education and research for students, astronomers and the general public. Formalized in 2007, the EMC Information Heritage Initiative uses EMC products and services to help organizations collect humanity's information heritage and make information readily accessible via the Internet for research and education purposes.

"While studies of celestial observations have often produced compelling, definitive data to assist the interpretation of astrophysical phenomena, few observatories today have the resources to categorize such information," said Lamar Owen, PARI's Chief Information Officer. "EMC's suite of information infrastructure technology provides us with the foundation we need today and into the future."

Through its Information Heritage Initiative, EMC, one of North Carolina's largest high-tech employers, donated an EMC(R) CLARiiON(R) networked storage system and EMC Navisphere(R) software to store and analyze more than 100 terabytes of research data. For instance, the EMC information infrastructure will support the Stellar Classification Online Public Exploration (SCOPE) program, which enables PARI and volunteers from the general public to classify astronomical research data.

"At EMC, we're dedicated to advancing science, technology, engineering and math education in North Carolina and around the world," said Bob Hawkins, EMC's Vice President, North Carolina Operations. "We're pleased that the information infrastructure technology we donated will not only serve as the foundation for PARI's datacenter, but will support the institute's research and education initiatives."

EMC operates a manufacturing plant in Apex, a research and development facility in Research Triangle Park, and sales and services offices in Charlotte, Greensboro and Raleigh. EMC's North Carolina operations play a crucial role in enabling EMC to deliver the world's most comprehensive lineup of information infrastructure systems, software and services to customers around the world.

About The Pisgah Astronomical Research Institute

The Pisgah Astronomical Research Institute (PARI) is a not-for-profit 501(c)(3) foundation established in 1998. Located in the Pisgah Forest 30 miles southwest of Asheville, NC, the PARI campus is a dark sky location for astronomy and was selected in 1962 by NASA as the site for one of the first U.S. satellite tracking facilities. Today, the 200 acre campus houses radio and optical telescopes, earth science instruments, 30 buildings, a fulltime staff and all the infrastructure necessary to support STEM education and research. PARI offers educational programs at all levels, from K-12 through post-graduate. The institute is affiliated with the 16-campus University of North Carolina system through PARSEC, a UNC Center hosted at PARI, and is a member of the NC Grassroots Museum Collaborative. For more information about PARI and its programs, visit http://www.pari.edu/.

About EMC

EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.

EMC, CLARiiON and Navisphere are registered trademarks of EMC Corporation. Other trademarks are the property of their respective owners.

EMC Corporation

CONTACT: Patrick Cooley of EMC Corporation, +1-508-293-6583,
cooley_patrick@emc.com

Web site: http://www.emc.com/
http://www.pari.edu/

Trina Solar Prices $120 Million of Convertible Senior Notes and Up to 4,073,194 American Depositary Shares

CHANGZHOU, China, July 18 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a leading integrated manufacturer of photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced it priced an offering of $120 million aggregate principal amount of senior convertible notes due 2013 and up to 4,073,194 American depositary shares ("ADSs"), which are being borrowed by an affiliate (the "ADS Borrower") of Credit Suisse Securities (USA) LLC, one of the joint bookrunners of the notes offering, pursuant to an ADS lending agreement with Trina Solar. Trina Solar has also granted to the underwriters of the notes offering an option to purchase up to an additional $18 million aggregate principal amount of the notes to cover over-allotments.

The notes will pay interest semi-annually at the annual rate of 4.00% and will mature in July 2013. The notes will be convertible into ADSs at an initial conversation rate of 29.5159 ADSs per $1,000 principal amount of notes, subject to adjustment under certain circumstances, which is equivalent to an initial conversion price of approximately $33.88 per ADS. Holders of the notes may require Trina Solar to repurchase all or a portion of the notes in 2011. Holders of the notes may also require Trina Solar to repurchase all or a portion of the notes upon certain fundamental changes.

Trina Solar intends to use the net proceeds of the notes offering for the expansion of manufacturing lines for the production of silicon ingots, wafers, solar cells and solar modules, the purchase of raw materials, research and development and other general corporate purposes.

In connection with the notes offering, Trina Solar has entered into the ADS lending agreement with the ADS Borrower, pursuant to which Trina Solar will lend up to 4,073,194 ADSs to the ADS Borrower. Concurrently with the notes offering, the ADS Borrower will sell the borrowed ADSs pursuant to a separate prospectus supplement. 3,829,800 of the borrowed ADSs have been initially offered at $28.00 per ADS and the remaining borrowed ADSs will be subsequently sold at prevailing market prices at the time of sale or at negotiated prices. The sale of the borrowed ADSs is intended to facilitate privately negotiated transactions or short sales by which investors in the notes will hedge their investment in the notes. The ADS Borrower will be required to return the borrowed ADSs pursuant to the ADS lending agreement by the scheduled maturity date of the notes in July 2013. The ADS Borrower will receive all of the proceeds from the sale of the borrowed ADSs. Trina Solar will not receive any proceeds from the offering of the borrowed ADSs, but will receive a nominal lending fee from the ADS Borrower.

Credit Suisse Securities (USA) LLC, ABN AMRO Bank N.V., London Branch, and Deutsche Bank Securities Inc. act as joint bookrunners for the notes offering. Credit Suisse Securities (USA) LLC acts as sole bookrunner for the ADS offering.

The concurrent offerings are being made under Trina Solar's registration statement on Form F-3 filed with the Securities and Exchange Commission on July 15, 2008. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities, and does not constitute an offer,

solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Copies of the notes prospectus supplement and the accompanying prospectus may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: (800) 221-1037, ABN AMRO Inc, Attention: Equities Client Services Department, 55 East 52nd Street 6th Floor, New York, NY 10055, telephone: (866) 636-4281, or Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, telephone: (800) 503-4611 or e-mail at prospectusrequest@list.db.com. Copies of the ADS prospectus supplement and the accompanying prospectus may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: (800) 221-1037.

About Trina Solar Limited

Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd, is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is currently one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to ensure that high quality products can be delivered to its end customers around the globe, including a number of European countries, such as Germany, Spain and Italy. Trina Solar's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com/ .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, Trina Solar's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact: Trina Solar Limited Terry Wang, CFO Tel: +86-519-8548-2008 (Changzhou) Thomas Young, Director of Investor Relations Tel: +86-519-8548-2008 (Changzhou) Email: ir@trinasolar.com CCG Elite Investor Relations Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Ed Job, CFA Tel: +1-646-213-1914 Email: ed.job@ccgir.com

Trina Solar Limited

CONTACT: Trina Solar Limited, Terry Wang, CFO, +86-519-8548-2008
(Changzhou); or Thomas Young, Director of Investor Relations, +86-519-8548-
2008 (Changzhou); or ir@trinasolar.com; or CCG Elite Investor Relations,
Crocker Coulson, President, +1-646-213-1915, or crocker.coulson@ccgir.com; or
Ed Job, CFA, +1-646-213-1914, or ed.job@ccgir.com

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

XM Satellite Radio Reaches Agreement with Holders of a Majority of Outstanding 9.75% Senior Notes Due 2014

WASHINGTON, July 18 /PRNewswire-FirstCall/ -- XM Satellite Radio Holdings Inc. , the nation's leading satellite radio company, today announced that it had entered into a written agreement with holders of a majority of XM Satellite Radio Inc.'s outstanding 9.75% Senior Notes due 2014. Pursuant to the agreement, these holders have agreed to waive XM's change of control repurchase obligation of the 9.75% Notes with respect to the consummation of the previously announced merger of XM Satellite Radio and Sirius Satellite Radio Inc. Pursuant to the terms of the indenture governing the 9.75% Notes, the waiver is effective for all holders of the 9.75% Notes.

The waiver provides that, promptly following the closing of the merger, XM will commence an offer to exchange the 9.75% Notes for a combination of at least $400 million of cash and up to $200 million aggregate principal amount of a new series of senior notes to be issued by XM. The waiver is subject to the consummation of the merger and the satisfaction of certain conditions in connection with various other merger-related refinancing transactions to be undertaken by XM prior to August 31, 2008. If the merger and the satisfaction of such other conditions have not occurred by August 31, 2008, the waiver, unless extended, will cease to be effective.

The exchange notes will mature in 2014, or 2013 in certain circumstances. The yield to maturity on the exchange notes (calculated solely on the basis of interest rate on the exchange notes and the price at which they are offered in exchange for 9.75% Notes) will be calculated on the basis of the selling price of and interest rate on certain other senior notes expected to be issued by XM in connection with its merger-related refinancing transactions. The effective yield on the exchange notes will not be less than 13.92% per annum. In the event that XM issues less than $150 million aggregate principal amount of other senior notes in connection with its merger related refinancing transactions, the effective yield on the exchange notes will not be less than 15% per annum.

The senior notes expected to be issued by XM will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Nothing in this press release should be construed as a solicitation of an exchange or offer to purchase, or an offer to sell, any of XM's or XM Satellite Radio Holdings Inc.'s securities. Any offer to exchange, purchase or sell any of XM's or XM Satellite Radio Holdings Inc.'s securities will be made only upon the terms and conditions set forth in an offering document related thereto.

About XM

XM is America's number one satellite radio company with more than 9.3 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, Nashville, Toronto and Montreal, XM's 2008 lineup includes more than 170 digital channels of choice from coast to coast: commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.

XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Hyundai, Nissan, Porsche, Ferrari, Subaru, Suzuki and Toyota, is available in 140 different vehicle models for 2008. XM's industry-leading products are available at consumer electronics retailers nationwide. XM programming is also available through XM Radio Online, the exclusive home on the Internet for XM's commercial-free music channels; as downloads of original XM shows via podcasts from XM's Web site or the Apple's iTunes Store; and as streams of commercial-free XM music channels to AT&T and Alltel wireless customers through XM Radio Mobile. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/.

This communication 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 about the results of XM's second quarter operating results and other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of XM's management and are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 2-28-08. Copies of the filing are available upon request from XM Radio's Investor Relations Department. All programming subject to change.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com XM Satellite Radio Holdings Inc.

CONTACT: Investors: Joe Wilkinson, +1-202-380-4008,
joe.wilkinson@xmradio.com, or Richard Sloane, +1-202-380-1439,
richard.sloane@xmradio.com; Media: Nathaniel Brown, +1-212-708-6170,
nathaniel.brown@xmradio.com, or Chance Patterson, +1-202-380-4318,
chance.patterson@xmradio.com, all of XM Satellite Radio Holdings Inc.

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

Overstock.com Reports Second Quarter 2008 Financial Results

SALT LAKE CITY, July 18 /PRNewswire-FirstCall/ -- Overstock.com, Inc. today reported financial results for the quarterly period ending June 30, 2008.

Key Q2 2008 metrics (comparison to Q2 2007): -- Total revenue: $188.8 million vs. $149.0 million (27% gain); -- Gross margin: 18.1% (all-time high) vs. 17.7%; -- Gross profit: $34.1 million vs. $26.3 million (30% gain); -- Sales and marketing expense: $14.2 million vs. $8.0 million (79% increase); -- Contribution (gross profit less marketing expense): $19.9 million vs. $18.3 million (8% gain); -- G&A / Technology expense: $26.2 million vs. $25.7 million (a 2% increase); -- Net loss: $6.5 million [$(0.28)/share] vs. $13.8 million [$(0.58)/share] (53% gain); -- EBITDA: $1.1 million vs. $(4.2) million (a $5.3 million gain); -- EBITDA (TTM): $9.6 million vs. ($54.9) million (a $64.5 million gain); -- Operating cash flows (TTM): $12.7 million vs. $9.4 million (a $3.3 million gain). Dear Owner:

For the first time in its history your business has generated four consecutive quarters of positive EBITDA and TTM operating cash flows. We ended Q2 with $87 million in cash, having bought in $12 million of stock earlier in 2008. Our financial condition is sound despite a weak economy.

Strong growth in our fulfillment partner business drove revenues and gross profits this quarter. Total revenue grew 27%, the same pace we experienced in Q1, and gross margins reached an historical high of 18.1%. The fulfillment partner business accelerated to 41% year-over-year growth and 19.4% gross margins. We continue to increase product selection for our customers (now up to ~100k non-media SKUs vs. ~43k for the same period last year).

We added over 500,000 new customers this quarter, up 31% from last year: while this is primarily attributable to our marketing efforts, we feel that this is also an indication that the current economic climate is driving more people to discount shopping. Most of the areas we spend marketing dollars are fairly well dialed-in, a few channels are in the process of being dialed-in (but we see how to do it), and one is purely exploratory: we spent a considerable amount in that exploratory channel this quarter in an effort to hasten the dialing-in process. We expect to see improved marketing efficiency in Q3.

Our Technology and G&A expenses are under control, even though we are doing more basic projects than we ever have in the past. Some of these are directed to better inventory purchasing and handling, some will benefit our website, and some are long-term projects, such as the housing tab that went live this quarter, joining the cars and auctions tabs. In addition, we are building an extremely robust training environment for our company which, while costly now, should yield superb long-term benefits (this has become the work of Steve Tryon, our retired US Army Colonel).

Both customer service and warehouse operations have gotten dialed-in past all our expectations. Our customer satisfaction continues to astonish me. We are building a new Customer Care operation in our new warehouse. The rest of our corporate facility anticipates moving to that new warehouse sometime around June of next year.

As always, I look forward to speaking with you about your business during the upcoming conference call. Until then, I remain,

Your humble servant, Patrick M. Byrne

P.S. Please email questions to Kevin Moon at kmoon@overstock.com prior to the conference call.

Key financial and operating metrics:

Total revenue -- Total revenue for the three months ended June 30, 2007 and 2008 was $149.0 million and $188.8 million, respectively, a 27% increase. For the six months ended June 30, 2008, total revenue was $389.6 million, a 27% increase from the $306.9 million reported in 2007.

Gross profit and gross margin -- Gross profit for the three months ended June 30, 2007 and 2008 was $26.3 million and $34.1 million, respectively, a 30% increase, representing margins of 17.7% and 18.1% for those respective periods. For the six-month periods, gross profits were $51.6 million in 2007 and $68.9 million in 2008, a 33% increase. Gross margins were 16.8% and 17.7% for those respective six-month periods.

Contribution and contribution margin -- "Contribution" (gross profit less sales and marketing expenses) for the three months ended June 30, 2007 and 2008 was $18.3 million (12.3% contribution margin) and $19.9 million (10.5% contribution margin), respectively, an 8% increase. For the six months ended June 30, 2007 and 2008, contribution was $32.4 million (10.5% contribution margin) and $39.6 million (10.2% contribution margin), respectively, a 22% increase.

Three months ended Six months ended (in thousands) June 30, June 30, 2007 2008 2007 2008 Total revenue $148,967 $188,842 $306,897 $389,587 Cost of goods sold 122,664 154,737 255,279 320,696 Gross profit 26,303 34,105 51,618 68,891 Less: Sales and marketing expense 7,962 14,244 19,246 29,263 Contribution $18,341 $19,861 $32,372 $39,628 Contribution margin 12.3% 10.5% 10.5% 10.2%

Operating loss -- Operating losses for the three months ended June 30, 2007 and 2008 were $13.5 million (including $6.2 million of restructuring) and $6.3 million, respectively. For the six months ended June 30, 2007 and 2008, operating losses were $31.2 million (including $12.3 million of restructuring) and $10.6 million, respectively.

EBITDA -- EBITDA (a non-GAAP measure) for the three months ended June 30, 2007 and 2008 was $(4.2) million (including $6.2 million of restructuring) and $1.1 million, respectively. For the trailing twelve months ended June 30, 2007 and 2008, EBITDA was $(54.9) million (including $12.3 million of restructuring) and $9.6 million, respectively. We believe that, because our current capital expenditures are lower than our depreciation levels, discussing EBITDA at this stage of our business is useful to us and investors because it approximates cash used or cash generated by the operations of the business.

Trailing Twelve Three months ended months ended June 30, June 30, 2007 2008 2007 2008 Operating loss $(13,519) $(6,317) $(95,276) $(20,989) Add: Depreciation and amortization 7,974 5,887 35,046 26,134 Stock-based compensation 1,137 1,068 4,284 4,564 Stock-based compensation to consultants for services 135 329 129 364 Stock-based compensation relating to performance share plan - 150 - (250) Issuance of common stock from treasury for 401(k) matching contribution 113 - 890 (202) EBITDA $(4,160) $1,117 $(54,927) $9,621

Net loss -- Net loss for the three months ended June 30, 2008, was $6.5 million, or $0.28 loss per share, compared to $13.8 million, or $0.58 loss per share in 2007. Net loss in Q2 2007 included $6.2 million of restructuring charges and loss from discontinued operations of $300K. For the six months ended June 30, 2007 and 2008, net losses totaled $35.2 million and $10.4 million, respectively, or $1.49 and $0.45 loss per share for those respective periods. Net loss in 2007 included restructuring expense of $12.3 million and a loss from discontinued operations of $3.9 million.

Free Cash Flow (a non-GAAP measure) -- Free cash flow for the three months ended June 30, 2007 and 2008 totaled $13.5 million and $(4.7) million, respectively. For the trailing twelve months ended June 30, 2007 and 2008, free cash flow totaled $(4.0) million and $5.5 million.

Free cash flow reflects an additional way of viewing our cash flows and liquidity that, when viewed with our GAAP results, provides a more complete understanding of factors and trends affecting our cash flows. Free cash flow, which we reconcile to "Cash provided by operating activities," is cash flow from operations reduced by "Expenditures for property and equipment." Although we believe that cash flow from operating activities is an important measure, we believe free cash flow is a useful measure to evaluate our business since purchases of fixed assets are a necessary component of ongoing operations. Therefore, we believe it is important to view free cash flow as a complement to our entire consolidated statements of cash flows. We believe that analyzing free cash flows on a trailing twelve month basis eliminates seasonal fluctuations in cash flows and more accurately reflects trends in this non-GAAP measure.

Trailing Twelve Three months ended months ended June 30, June 30, 2007 2008 2007 2008 Net cash provided by (used in) operating activities $14,939 $449 $9,412 $12,683 Expenditures for property and equipment (1,439) (5,136) (13,450) (7,176) Free cash flow $13,500 $(4,687) $(4,038) $5,507

Cash and working capital -- At June 30, 2008, Overstock.com had cash, cash equivalents and marketable securities of $86.7 million and working capital of $58.4 million.

About Overstock.com

Overstock.com, Inc. is an online retailer offering brand-name merchandise at discount prices. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com/.

Overstock.com(R) is a registered trademark of Overstock.com, Inc.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, statements regarding the soundness of the company's financial condition, future increases in product selection, a belief that the current economic climate will drive increases in customer growth, accuracy or effectiveness of marketing programs, the extent that we have expenses under control, the effect of internal projects, the benefits of our internal training program, the timing of moving personnel to our new warehouse, a belief that free cash flow is an important and useful measure to evaluate our business, as well as all such other risks as identified in our Form 10-K for the year ended December 31, 2007, our subsequent quarterly reports on Form 10-Q, or any amendments thereto, and our other subsequent filings with the Securities and Exchange Commission identify important factors that could cause our actual results to differ materially from those contained in our projections, estimates or forward-looking statements.

Overstock.com, Inc. Consolidated Statements of Operations (unaudited) (in thousands, except per share amounts) Three months ended Six months ended June 30, June 30, 2007 2008 2007 2008 Revenue Direct revenue $43,578 $39,939 $89,279 $91,422 Fulfillment partner revenue 105,389 148,903 217,618 298,165 Total revenue 148,967 188,842 306,897 389,587 Cost of goods sold Direct 36,321 34,752 75,641 79,066 Fulfillment partner 86,343 119,985 179,638 241,630 Total cost of goods sold 122,664 154,737 255,279 320,696 Gross profit 26,303 34,105 51,618 68,891 Operating expenses: Sales and marketing 7,962 14,244 19,246 29,263 Technology 15,237 15,311 30,210 29,827 General and administrative 10,429 10,867 21,118 20,430 Restructuring 6,194 - 12,283 - Total operating expenses 39,822 40,422 82,857 79,520 Operating loss (13,519) (6,317) (31,239) (10,629) Interest income 1,078 740 2,068 2,044

Interest expense (1,027) (888) (2,056) (1,789)

Other income, net - 2 - 2 Loss from continuing operations (13,468) (6,463) (31,227) (10,372) Discontinued operations: Loss from discontinued operations (300) - (3,924) - Net loss $(13,768) $(6,463) $(35,151) $(10,372) Net loss per common share - basic and diluted: Loss from continuing operations $(0.57) $(0.28) $(1.32) $(0.45) Loss from discontinued operations $(0.01) $- $(0.17) $- Net loss per common share - basic and diluted $(0.58) $(0.28) $(1.49) $(0.45) Weighted average common shares outstanding - basic and diluted 23,689 22,750 23,642 23,048 Other data: Shopping bookings (in 000s) $161,852 $202,600 $328,005 $418,921 Auction gross merchandise volume (in 000s) $3,753 $1,964 $8,448 $4,574 Average customer acquisition cost (shopping) $20.21 $27.61 $22.20 $26.32 Overstock.com, Inc. Consolidated Balance Sheets (unaudited) (in thousands) December 31, June 30, 2007 2008 Assets Current assets: Cash and cash equivalents $101,394 $56,679 Marketable securities 46,000 30,020 Cash, cash equivalents and marketable securities 147,394 86,699 Accounts receivable, net 12,304 15,186 Note receivable 1,506 250 Inventories, net 25,933 14,036 Prepaid inventory 3,572 2,648 Prepaid expenses 7,572 10,481 Total current assets 198,281 129,300 Property and equipment, net 27,197 21,318 Goodwill 2,784 2,784 Other long-term assets, net 86 30 Note receivable 4,181 4,453 Total assets $232,529 $157,885 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $70,648 $31,217 Accrued liabilities 35,241 24,248 Deferred revenue 17,357 15,417 Capital lease obligations, current 3,796 - Total current liabilities 127,042 70,882 Other long-term liabilities 3,034 2,975 Convertible senior notes 75,623 75,795 Total liabilities 205,699 149,652 Stockholders' equity: Common stock 2 2 Additional paid-in capital 333,909 337,659 Accumulated deficit (243,709) (254,081) Treasury stock (63,278) (75,218) Accumulated other comprehensive loss (94) (129) Total stockholders' equity 26,830 8,233 Total liabilities and stockholders' equity $232,529 $157,885 Overstock.com, Inc. Consolidated Statements of Cash Flows (unaudited) (in thousands) Three months ended Six months ended June 30, June 30, 2007 2008 2007 2008 Cash flows from operating activities of continuing operations: Net loss $(13,768) $(6,463) $(35,151) $(10,372) Adjustments to reconcile net loss to cash provided by (used in) operating activities of continuing operations: Loss from discontinued operations 300 - 3,924 - Depreciation and amortization 7,974 5,887 15,745 12,384 Loss on disposition of property and equipment 1 - 1 - Stock-based compensation 1,137 1,068 2,210 2,252 Stock-based compensation to consultants for services 135 329 140 315 Stock-based compensation relating to performance share plan - 150 - 300 Issuance of common stock from treasury for 401(k) matching contribution 113 - 715 19 Amortization of debt discount and deferred financing fees 86 85 172 172 Asset impairment and depreciation (restructuring) 2,169 - 2,169 - Restructuring charges 4,025 - 10,114 - Notes receivable accretion - (136) - (272) Changes in operating assets and liabilities, net of effect of discontinued operations: Accounts receivable, net (431) (2,144) 3,396 (2,882) Inventories, net 1,237 3,934 4,849 11,897 Prepaid inventory 477 (80) 117 924 Prepaid expenses 700 (363) (1,262) (2,909) Other long-term assets, net 176 - 266 - Accounts payable 5,467 (1,622) (32,592) (39,431) Accrued liabilities 4,941 428 (18,768) (10,993) Deferred revenue 200 (771) 654 (1,940) Other long-term liabilities - 147 - (59) Net cash provided by (used in) operating activities 14,939 449 (43,301) (40,595) Cash flows from investing activities of continuing operations: Purchases of marketable securities (21,381) (18,823) (21,381) (25,362) Sales and maturities of marketable securities 3,400 18,428 3,400 41,339 Expenditures for property and equipment (1,439) (5,136) (1,916) (6,449) Proceeds from the sale of discontinued operations, net of cash transferred 9,892 - 9,892 - Collection of note receivable 753 754 4,694 1,256 Decrease in cash resulting from de-consolidation of variable entity - - - - Net cash provided by (used in) investing activities (8,775) (4,777) (5,311) 10,784 Cash flows from financing activities of continuing operations: Payments on capital lease obligations (4) (2) (5,251) (3,796) Drawdown on line of credit - 1,128 1,169 6,396 Payments on line of credit - (1,128) (1,169) (6,396) Issuance of common stock in offerings, net of issuance costs - - - - Purchase of treasury stock