News

IP Video Networks (IPVN) Bridges Gap Between Laptop and TV

Laptop to TV technology allows cable subscribers to share and enjoy media from a laptop on a TV without an additional set-top-box or hardware component

SAN DIEGO, March 1 -- IP Video Networks, Inc., a video over IP technology company, introduces a new concept and equipment for cable TV providers that allows subscribers to send video, audio and pictures from a netbook, laptop, or mobile device for immediate viewing on a TV.  From a standard web browser the subscriber can identify a video on the web, select "Send to TV," and the cable network delivers the selected content for viewing on the TV.  The technology does not require the subscriber to install any additional devices.

IP Video Networks, Inc. developed this technology (patent pending) in 2009 and believes the ubiquitous "TV remote" will migrate to an intelligent but low cost device, such as a netbook or laptop, which will enhance interactive television and simplify content sharing and discovery.

IPVN is offering this technology to selected partners in the cable industry and expects to be a leader in the drive for users to view any content from any source on any cable connected screen.  The elegance of the design allows cable network operators to explore new business models around a new service for existing subscribers.

"This new capability solves the nagging technical issues that always come up while trying to share video content, viewable on PC devices, with the home TV," said Bob Coackley, IPVN's Chief Executive Officer. "Customers will be able to select any content from the Web and push movies, clips or other rich media to the TV. This technology is part of our commitment to help cable companies stay at the forefront in offering their subscribers the best entertainment offerings that technology can support."

"There are many additional opportunities that this technology offers," said Jarrod Hammes, Vice President of Marketing at IPVN. "As IPVN's technology does not require the cable operator or user to deploy a new set-top-box, it simplifies interactive television by enabling a laptop to provide a great user interface, while leveraging the existing HD capabilities and network capabilities built by the cable operators."

About IP Video Networks, Inc.

IP Video Networks, Inc. provides IP video transport products to broadcasters, satellite operators, cable MSOs, and telecom operators. At the core of the company's capabilities is expertise in IP Video, supported by patented technology and deep knowledge of digital video transport.  IPVN's Path 1 division produces long-haul Vx, Cx, and Ax product families that guarantee broadcast quality for contribution and distribution of professional real-time video over public or private IP networks, including the Internet. The VIDx product family easily integrates into legacy networks to support Video on Demand, HDTV, and digital simulcast applications, while significantly reducing capital expenditure and extending the useful life of operators' core networks. IP Video Networks, Inc., based in San Diego, California, is a privately held company.  More information about IP Video Networks, Inc. can be found online: http://www.ipvn.com.

Source: IP Video Networks, Inc.
   

CONTACT:  Jarrod Hammes of IP Video Networks, +1-858-366-4391,
[email protected]

Web Site:  http://www.ipvn.com/

T-Venture Makes Strategic Investment in Lantiq

T-Venture investment strengthens the company's broadband communications market position and gives a competitive edge for future developments

MUNICH/NEUBIBERG and BONN, Germany, March 1 -- Lantiq, a leading company in next-generation access and home networking technologies, and T-Venture today announced the closing of a strategic investment. T- Venture, the venture capital company of Deutsche Telekom, is supporting Lantiq with a capital investment and will provide future strategic advice to the company. By agreement, the terms of the deal remain undisclosed.

"We are pleased to announce that we have taken our relationship with Deutsche Telekom Group to the next level with this investment, and our partnership will help drive our products and technology roadmap for the benefit of our customers and the industry," stated Christian Wolff, CEO of Lantiq. "Deutsche Telekom is one of the world's leading carriers defining and driving the architecture of next generation networks. The investment in Lantiq demonstrates trust and enthusiasm in our business strategy and technology portfolio, and we look forward to working together."

"Continuing to expand and improve broadband infrastructure is a priority for Deutsche Telekom. We are convinced of the great potential that Lantiq's innovative semiconductor solutions offer," said Bruno Jacobfeuerborn, Member of the Board of Management T-Home, Technology, and Managing Director Technology, T-Mobile Germany. "Lantiq's innovative technology portfolio and future product and market roadmaps perfectly match Deutsche Telekom's needs. Both parties involved can profit from the investment - in terms of technology as well as market success."

With revenue of more than 450 million USD in 2009, Lantiq is the second largest fabless semiconductor company in Europe. Lantiq continues to bring broadband solutions to life and remains dedicated to its customers, enabling carrier innovations for next generation networks and digital homes. According to the most recent market research data from iSuppli for 3Q09, Lantiq ships 34% of all xDSL ports worldwide, which positions the company as a leading provider for wireline access networks.

About LANTIQ

Lantiq offers a broad and innovative product portfolio for Next Generation Networks and the Digital Home. The company has a global team of about 1,000 experts in Europe, North America, the Middle East and the Asia Pacific regions. The company is headquartered in Neubiberg just outside of Munich, Germany and specializes on broadband communications, encompassing analog, digital and mixed-signal ICs along with comprehensive software suites. Lantiq is a fabless company, and its semiconductor solutions are deployed by major carriers and in home networks in every region of the world. Further information is available at: http://www.lantiq.com/

About T-Venture

T-Venture Holding GmbH, is one of the most important corporate venture capital companies in the world. Founded in 1997 as a wholly owned subsidiary of Deutsche Telekom AG, it has since then invested in young companies that demonstrate economic and technological synergies with the Deutsche Telekom business units as well as above-average growth potential. Its head office is in Bonn. It is supported and complemented in its activities by T-Venture of America, Inc. in Foster City, Silicon Valley, and in Seattle. Investment activities focus on Europe, the United States and Asia. T-Venture currently manages the T-Mobile Venture Fund, the Connected Life and Work Fund, the T- Home Venture Fund, the T-Systems Venture Fund and the T-Corporate Venture Fund. Further information is available at: http://www.t-venture.de/

  Media Relations Contacts:

  Lantiq:
   Christoph von Schierstadt
   Phone:  +49-89-89899-7556
   Mobile: +49-160-96901486
   E-Mail: [email protected]

   Lantiq Media Relations North America
   Sarah LaLiberte
   Phone:  +1-978-502-8558
   E-Mail: [email protected]

  T-Venture:
   Sabine Kohl
   Phone:  +49-228-308-48-0
   Fax:    +49-228-308-48-819
   E-Mail: [email protected]

Source: Lantiq
     

CONTACT: Christoph von Schierstaedt, +49-89-89899-7556 or +49-160-
96901486, [email protected] , Lantiq Media Relations North America,
Sarah LaLiberte, +1-978-502-8558, [email protected], both of Lantiq;
Sabine Kohl of T-Venture, +49-228-308-48-0, fax, +49-228-308-48-819, t-
[email protected]

Web site: http://www.lantiq.com/
http://www.t-venture.de/

Crackle.com Garners Most Streamy Award Nominations for a Video Network or Production Company

'The Bannen Way' Surpasses 13 Million Views and Collects Most Nominations For Any Series

CULVER CITY, Calif., March 1 -- Crackle.com, Sony Picture Entertainment's online video network, today received 13 nominations, the most nominations for any network or production company for the 2nd Annual Streamy Awards, honoring excellence in original web television programming.

Crackle's THE BANNEN WAY, ANGEL OF DEATH, WOKE UP DEAD and MOMMY XXX received a combined total of 13 nominations. THE BANNEN WAY, which has surpassed 13 million views on Crackle.com, received a total of seven nominations, including Best New Web Series and Best New Drama Series, the most for any show. The winners will be announced by the International Academy of Web Television on April 7th and April 11th at two separate ceremonies in Hollywood, CA.

"Audiences are clearly responding to our high-quality, innovative originals, as evidenced by the traffic to 'The Bannen Way,'" said Eric Berger, Senior Vice President, Digital Networks. "We're thrilled that the Academy chose to recognize the talented individuals who worked so tirelessly to make these shows successful."

  Crackle's nominations in the 2nd Annual Streamy Awards include:

  --  "Angel of Death" for Best Female Actor in a Drama Series - Zoe Bell
  --  "Angel of Death" for Best Drama Series
  --  "Angel of Death" for Best Editing in a Web Series - Jochen Kunstler &
      Jacob Vaughan
  --  "Angel of Death" for Best Cinematography in a Web Series - Carl Herse
  --  "Mommy XXX" for Best Reality or Documentary Web Series
  --  "The Bannen Way" for Best Drama Series
  --  "The Bannen Way" for Best New Web Series
  --  "The Bannen Way" for Best Male Actor in a Drama Series - Mark Gantt
  --  "The Bannen Way" for Best Director for a Drama Web Series - Jesse
      Warren
  --  "The Bannen Way" for Best Writing for a Drama Web Series - Mark Gantt
      & Jesse Warren
  --  "The Bannen Way" for Best Product Integration in a Web Series - Jaguar
  --  "The Bannen Way" for Best Editing in a Web Series - Zack Arnold
  --  "Woke Up Dead" for Best Product Integration in a Web Series - Kodak

  The Bannen Way

THE BANNEN WAY is the sexy, fast-paced series starring Mark Gantt ("Ocean's Eleven"); Vanessa Marcil ("Lipstick Jungle," "Las Vegas"); Gabriel Tigerman ("Supernatural"); Michael Ironside ("Terminator Salvation," Total Recall," "Smallville"); Academy-Award® nominee Robert Forster ("Jackie Brown," "Heroes");  and special guest star, Academy-Award® nominee Michael Lerner ("Entourage," "Elf," "Barton Fink").

The high-octane, slick series follows Neal Bannen (Mark Gantt), a charming con-man and thief with a police chief for a father (Michael Ironside); a mob boss for an uncle (Robert Forster); and a penchant for fine women - like Madison (Vanessa Marcil), who wants to turn his life around and leave the criminal lifestyle once and for all. All Bannen has to do is complete one more job in order to pay off his debt to a notorious gangster...which just doesn't work out as easily as he'd hoped.

THE BANNEN WAY is directed by Jesse Warren, who co-wrote and serves as an executive producer with Mark Gantt, who stars in the series. THE BANNEN WAY is produced by Sony Pictures Television. THE BANNEN WAY can be viewed at http://crackle.com/c/The_Bannen_Way

Angel of Death

ANGEL OF DEATH is the live-action, online series for Crackle.com, Sony Pictures Entertainment's online video network, which stars actress and renowned stuntwoman Zoe Bell (Tarantino's "Death Proof"), Doug Jones ("Hellboy"), Vail Bloom ("The Young and the Restless"), and Lucy Lawless ("Xena: Warrior Princess"), among others. The online series is created and written by one of the most acclaimed writers working in the comic world today, famed Eisner award-winning comic book author Ed Brubaker ("Captain America," "Criminal," "Daredevil").

ANGEL OF DEATH is about a remorseless assassin, Eve (Zoe Bell), employed by a ruthless crime family. After suffering a severe head trauma while on the job, she begins to hallucinate and becomes haunted by her victims. As a result of the injury, Eve is determined to make up for her past crimes by seeking revenge on those who ordered the hits in the first place -- her mob employers. ANGEL OF DEATH can be viewed at http://www.crackle.com/c/Angel_Of_Death

Mommy XXX

MOMMY XXX takes us inside Demi's home -- known as "the Castle or Compound" -- in The Valley where porn wannabes and naive newcomers to the adult film world hang out. In documenting the day-to-day life of a busy mom who also happens to be a real-life porn star, MOMMY XXX episodes will expose Demi Delia's personal side: a joyous and free-wheeling birthday party attended by friends from the porn industry; her daughter's first visit to the gynecologist; a typical day at "the office"; breast augmentation surgery; but even more surprising is how diametrically opposite and straight-laced her children are as they express their honest feelings about their mom and her lifestyle. MOMMY XXX is produced by Teru Media and distributed by Sony Pictures Television. MOMMY XXX can be viewed at http://crackle.com/c/Mommy_XXX

Woke Up Dead

WOKE UP DEAD is the live-action zombie comedy from Electric Farm Entertainment for Crackle.com, Sony Pictures Entertainment's online video network. The original online series stars comedian Jon Heder ("Napoleon Dynamite," "Blades of Glory"), Josh Gad ("Back to You," "The Rocker"), Krysten Ritter ("Breaking Bad," "27 Dresses"), Jean Smart ("24," "Samantha Who?") and Wayne Knight ("Seinfeld"), among others.

In WOKE UP DEAD, Heder stars as Drex Greene, a regular recent college grad who finds himself undergoing an inexplicable transformation that begins when he wakes up at the bottom of a water-filled bathtub. Drex's roommate Matt, who has been eagerly filming his demise, informs him that he's easily (and inhumanly) been underwater for more than half-hour. As he starts to develop zombie-like tendencies, Drex finds it increasingly difficult to focus on his new job and his love life, so he enlists the help of two friends, Cassie and Matt, to help him uncover the truth about the peculiar changes he is experiencing. In the process, Drex meets his match - an exotic beauty named Aurora - who may hold the answers to Drex's many questions. Drex must decipher whether he really IS a zombie, like Matt is convinced he is, or whether he's something entirely different.

WOKE UP DEAD is directed by veteran TV director, writer and producer Tim O'Donnell ("Lizzie McGuire," "Clueless"); written by John Fasano ("Darkness Falls," "Another 48 Hours"); and executive produced by Stan Rogow ("Afterworld," "Gemini Division," "Lizzie McGuire") and Brent Friedman ("Gemini Division," "Star Trek: Enterprise"). WOKE UP DEAD can be viewed at http://www.crackle.com/c/Woke_Up_Dead

Crackle, Inc.

Crackle, Inc., a Sony Pictures Entertainment Company, is a multi-platform next-generation video entertainment network that distributes digital content including original short form series and full-length traditional programming from Sony Pictures' vast library of television series and feature films. Crackle is one of the fastest growing entertainment destinations on the Internet today, offering audiences quality programming in a variety of genres, including comedy, action, sci-fi, horror, music and reality. Crackle reaches an impressive audience through its diverse online and mobile distribution network. Visit Crackle's site at http://www.crackle.com

Source: Crackle.com
   

CONTACT:  Sarah Levinson Rothman of 42West, +1-646-254-6030,
[email protected], or Melissa Armstrong of Sony Pictures Television,
+1-310-244-6467, [email protected], both for Crackle.com

Web Site:  http://www.crackle.com/

Building Engines, Inc. Responds to Struggling Real Estate Market and Announces the 'NOCOST' Vacant Building Relief Program

BOSTON, March 1 -- Building Engines, provider of a comprehensive web-based operations management solution for owners and managers of all property types, today responded to the struggling real estate market with the launch of a new Vacant Building Relief Program. The program, No Occupancy Carry-Over System Trial ("NOCOST"), allows owners and managers of vacant buildings to use the Building Engines operations and workflow management system to control inspections, track zero occupancy preventive maintenance tasks and maintain the overall value of vacant assets at no cost.

NOCOST is an effective response to dropping occupancy rates and the first program of its kind in the industry.  It is available, free of charge, to commercial property owners and managers of office, retail, residential, mixed use, industrial or warehouse buildings in the United States and Canada for the lifetime of a building's vacancy. Users will have access to the complete Building Engines operations management solution and standard implementation guidance, as well as a library of recommended maintenance tasks tailored specifically for vacant buildings. Additionally, NOCOST members will receive the same Tier-One Building Engines service and support that all its customers experience.

"Empty buildings are an unfortunate reality these days," said David Osborn, President and CEO of Building Engines. "While empty buildings may require less oversight than occupied buildings, they still need regular maintenance to preserve value.  NOCOST is a triple win for owners and managers of empty assets, giving them expense relief while preserving asset value for the long term - all while experiencing the most effective operations management system in the business."

The total square feet of all applicable buildings must meet or exceed 250,000 square feet to be eligible.  At the time the asset becomes occupied, users will have the option to continue using the product at a reasonable cost, or to terminate at no charge.

To learn more about the Building Engines vacant building relief program, NOCOST, please call 866.301.5300.

Building Engines, Inc.

Building Engines is a web-based system providing owners and managers of all property types with a comprehensive solution for improving operations and workflow management. Founded in 2000 by an entrepreneurial team of building and facilities operations management professionals, Building Engines serves the needs of 80 enterprises, managing more than 1700 individual facilities and 200 million sq. ft. of property.  More information: http://www.buildingengines.com/ .

*(LOGO 72dpi: Send2Press.com/mediaboom/10-0301-buildingengs_72dpi.jpg)

This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.send2press.com/

Source: Building Engines, Inc.
   

CONTACT:  Sarah Fisher of Building Engines, [email protected],
+1-781-290-5300

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

TASC to Hold First Hiring Event

CHANTILLY, Va., March 1 -- Anticipating hiring for nearly 1,000 jobs this year, TASC, Inc. (TASC) hosts its first hiring event since becoming an independent company.

  When:     March 3, 2010
            3:00 p.m. - 7:00 p.m. EST
  Where:    Westfields Marriott Hotel
             14750 Conference Center Drive,
             Chantilly, Va.

"TASC has a long history as a premiere employer in the Washington, D.C., metropolitan area," said Wood Parker, TASC president and chief executive officer. "We are a people business and take our commitment to our employees, our customers and our community seriously. We are eager to welcome new professionals to our industry-leading team."

Find information about the company's current job openings at http://www.tasc.com. Most positions require an active security clearance and U.S. citizenship. TASC is an Equal Opportunity Employer.

About TASC

TASC is a premier provider of advanced system engineering and integration and decision-support services across the intelligence community, Department of Defense and civilian agencies of the federal government. For more than 40 years, we have partnered with our customers toward one goal--the success of their missions. Our broad portfolio of services includes system and policy analysis; program, financial and acquisition management; enterprise engineering and integration; advanced concept and technology development; and test and evaluation. With nearly 5,000 employees, TASC generates more than $1.6 billion in annual revenue.

  CONTACT
  DeeAnn Connors
  (703) 653-5752
  [email protected]

Source: TASC, Inc.
   

CONTACT:  DeeAnn Connors, TASC, +1-703-653-5752, [email protected]

Web Site:  http://www.tasc.com/

George Lundberg, MD, Joins MedPage Today(R) as Editor-at-Large

LITTLE FALLS, N.J., March 1 -- MedPage Today, the online daily breaking medical news service for medical professionals, is pleased to announce that George Lundberg, MD, has joined as Editor-at-Large, effective Monday, March 1, 2010.

Dr. Lundberg is well known to physicians as a past Editor-in-Chief of the Journal of the American Medical Association (JAMA) and its Archives publications. Most recently he was Editor-in-Chief of The Medscape Journal of Medicine, the original open-access general medical journal, and Editor-in-Chief of eMedicine at WebMD. At MedPage Today, Dr. Lundberg will make regular contributions and help shape its coverage of clinically relevant news.

Robert Stern, CEO of MedPage Today, said, "We are thrilled to have Dr. Lundberg as part of our editorial group. George is a dynamic national leader and a recognized voice in both medical publishing and healthcare policy."

Dr. Lundberg currently serves as President of the Lundberg Institute, and is a consulting professor of pathology and health research policy at Stanford University School of Medicine. He is also a member of the Institute of Medicine (IOM) and serves on the Board of Directors of the Friends of the National Library of Medicine.

"I have been teaching and communicating with physicians and healthcare professionals my entire career. As Editor-at-Large with MedPage Today I will have a dynamic new tool to help my colleagues keep up with the challenging and ever-changing world of medical practice," said Dr. Lundberg.

"Dr. Lundberg brings to the MedPage Today leadership team a long-established network within journal publishing, clinical medicine, and healthcare policy. That background and the journalistic resources that are the hallmark of MedPage Today will prove to be a winning combination for both MedPage Today and the clinicians who rely upon it for breaking medical news," Stern added.

  Dr. Lundberg can be reached at [email protected].

  About MedPage Today

MedPage Today is the only service for physicians that provides a clinical perspective on the breaking medical news that their patients are reading. Co-developed by MedPage Today and The University of Pennsylvania School of Medicine, Office of Continuing Medical Education, each article alerts clinicians to breaking medical news, with summaries and actionable information enabling them to better understand the implications.

Physicians and other healthcare professionals may also receive Continuing Medical Education (CME) credits at no cost by completing these educational programs. CME is required of physicians in approximately 30 states, and utilization of electronic CME is growing at an estimated 80% annual rate.

More information is available at http://www.medpagetoday.com. MedPage Today is "PUTTING BREAKING NEWS INTO PRACTICE®."

MEDPAGE TODAY, EXPERT PATIENT, MEDPAGE TODAY MOBILE, ADD YOUR KNOWLEDGE, PUTTING BREAKING MEDICAL NEWS INTO PRACTICE, and TEACHING BRIEF are registered trademarks of MedPage Today, LLC.

Source: MedPage Today
   

CONTACT:  Robert Stern , President and CEO, +1-973-890-0985 x 121 ,
[email protected]

Web Site:  http://medpagetoday.com/

CoSine Communications, Inc. Announces Financial Results for the Year and Quarter Ended December 31, 2009

LOS GATOS, Calif., March 1 -- CoSine Communications, Inc. (Pink Sheets: COSN), today announced net loss of $597,000 or $(0.06) loss per share for the year ended December 31, 2009 as compared to net loss of $15,000 or $(0.00) per share for the year ended December 31, 2008. Net loss for the quarter ended December 31, 2009 was $152,000 or $(0.02) loss per share as compared to net loss of $92,000 or $(0.01) per share for the quarter ended December 31, 2008.

CoSine also announced the expansion of its strategic plan to include investing its resources with the potential for capital gains.  CoSine's expanded strategic plan is to redeploy its existing resources to identify and acquire, or invest in, one or more operating businesses with the potential for generating taxable income and/or capital gains.

About Cosine Communications

CoSine Communications was founded in 1998 as a global telecommunications equipment supplier.  As of December 31, 2006, CoSine had ceased all its product and customer service related operations. CoSine's strategic plan is to redeploy its existing resources to identify and acquire, or invest in, one or more operating businesses with the potential for generating taxable income and/or capital gains. This strategy may allow CoSine to realize future cash flow benefits from its net operating loss carry-forwards ("NOLs").  As of this date, no candidates have been identified, and no assurance can be given that CoSine will find suitable candidates, and if it does, that it will be able to utilize its existing NOLs.

Safe Harbor Warning

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which include, among others, statements concerning CoSine's expected financial performance, exploration of strategic alternatives, and business outlook, expected performance and developments. The company uses words such as "anticipate," "believe," "plan," "expect," "future," "intend" and similar expressions to identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements.

Factors that might cause such a difference include, but are not limited to, Cosine's ability to identify and effectuate desirable strategic acquisitions, the time and costs required to explore and investigate possible transactions and other corporate actions, management and board interest in and distraction due to exploring and investigating strategic alternatives, the reactions, either positive or negative, of investors, competitors, customers, employees and others to CoSine exploring and executing possible strategic acquisitions.  A detailed discussion of these factors and other risks that affect CoSine's business is contained in its SEC filings, including its most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors."  Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof. CoSine undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements.

  For additional information contact:

  Terry Gibson
  (408) 399-6494
  E-mail: [email protected]

                           CoSine Communications, Inc.
                            STATEMENTS OF OPERATIONS
                     (in thousands, except per share data)

                                             Three months     Twelve months
                                                 ended            ended     
                                              December 31,     December 31,
                                             2009    2008      2009    2008
                                             ----    ----      ----    ----
                                                                           
  Revenue:                                                                 
    Product                                    $-      $-        $-      $-
    Service                                     -       -         -       -
                                              ---     ---       ---     ---
      Total revenue                             -       -         -       -
  Cost of revenue                               -       -         -       -
                                              ---     ---       ---     ---
                                                                           
  Gross profit (loss)                           -       -         -       -
                                                                           
  Operating expenses:                                                       
    General and administrative                154     215       738     721
                                              ---     ---       ---     ---
  Total operating expenses                    154     215       738     721
                                              ---     ---       ---     ---
                                                                           
  Loss from operations                       (154)   (215)     (738)   (721)
                                                                           
  Interest income and other                     2     123       141     706
                                               --     ---       ---     ---
                                                                           
  Loss before taxes                          (152)    (92)     (597)    (15)
                                                                           
  Income tax provision                          -       -         -       -
                                              ---     ---       ---     ---
                                                                           
  Net Loss                                  $(152)   $(92)    $(597)   $(15)
                                            -----    ----     -----    ----
                                                                           
  Basic net loss per share                 $(0.02) $(0.01)   $(0.06) $(0.00)
                                           ======  ======    ======  ======
  Diluted net loss per share               $(0.02) $(0.01)   $(0.06) $(0.00)
                                           ======  ======    ======  ======
  Shares used in computing basic and
   diluted net loss per share             
    Basic                                  10,091  10,091    10,091  10,091
                                           ======  ======    ======  ======
    Diluted                                10,091  10,091    10,091  10,091
                                           ======  ======    ======  ======

                           CoSine Communications, Inc.
                            CONDENSED BALANCE SHEETS
                                (in thousands)

                                        December 31,                 
                                            2009         December 31, 
                                         (Unaudited)        2008 (1)   
                                        ------------     ------------ 
                                                                     
  ASSETS                                                             
  Current assets:                                                     
    Cash and cash equivalents                 $22,564          $9,155
    Short-term investments                          -          13,997
    Interest receivable                             2              96
    Prepaid expenses and other current                               
     assets                                        28              31
                                                   --              --
  Total current assets                         22,594          23,279
  Long-term deposits                                3               3
                                                   --              --
                                              $22,597         $23,282
                                              -------         -------
                                                                     
  LIABILITIES AND STOCKHOLDERS'                                       
   EQUITY                                                             
  Current liabilities:                                               
    Accounts payable                             $172            $207
    Other accrued liabilities                      60              53
                                                   --              --
  Total current liabilities                       232             260
                                                                     
  Stockholders' equity:                                               
    Common stock                                    1               1
    Additional paid-in capital                539,088         539,060
    Accumulated other comprehensive                                   
     income                                         -              88
    Accumulated deficit                      (516,724)       (516,127)
                                             --------        --------
  Total stockholders' equity                   22,365          23,022
                                               ======          ======
                                              $22,597         $23,282
                                              =======         =======
                                                                     
                                                                     
  (1) Amounts are derived from the December 31, 2008 audited financial
      statements.

Source: CoSine Communications, Inc.
   

CONTACT:  Terry Gibson of CoSine Communications, Inc., +1-408-399-6494,
[email protected]

Web Site:  http://www.cosinecom.com/

DATATRAK Attends 22nd Annual DIA EuroMeeting in Monaco

CLEVELAND, March 1 -- DATATRAK International, Inc. (OTCQX: DATA), a technology and services company focused on global eClinical solutions for the clinical trials industry, today announced its attendance at the Drug Information Association's 22nd Annual EuroMeeting to be held at the Grimaldi Forum in Monaco on March 8-10.

Attendees are invited to visit Bill Coates, Vice President of Sales, and Martijn Princen, Director of European Sales, at Booth 72 to see how DATATRAK ONE(TM) provides a singular vision for the product and service delivery of all your clinical trial needs. Interested parties may also schedule a personal demonstration during the show by sending an email request to [email protected].

About DIA Europe.

DIA's Annual EuroMeeting is the largest event of its kind in Europe, attracting more than 3,000 professionals from over 50 countries. It brings together professionals from the biopharmaceutical industry, contract service organizations, academic research centers, regulatory agencies, health ministries, patient organizations and trade associations. The event will host more than 350 speakers and 250 exhibitors. For more information on the 22nd Annual EuroMeeting, please see http://www.diahome.org/.

About DATATRAK International, Inc.

DATATRAK International, Inc. is a worldwide technology and services company focused on the provision of multi-component eClinical solutions and related services for the clinical trials industry. We operate under the vision of DATATRAK ONE(TM), which encompasses our unique, single platform technology. The singular architecture of our DATATRAK eClinical(TM) product suite has been embraced by clients around the globe for its ability to effectively manage clinical trials through a unified multi-component, comprehensive solution. The Company delivers a complete portfolio of software products that were created in order to accelerate clinical research data from investigative sites to clinical trial sponsors and ultimately the appropriate regulatory agency, faster and more efficiently than manual methods or loosely integrated technologies. DATATRAK's eClinical(TM) software suite can be deployed worldwide through an ASP offering or in a licensed Enterprise Transfer model that fully empowers its clients. The DATATRAK software suite and its earlier versions have successfully supported hundreds of international clinical trials involving thousands of clinical research sites and encompassing tens of thousands of patients in 59 countries. DATATRAK International, Inc.'s product suite has been utilized in some aspect of the clinical development of 16 drugs and one medical device that have received regulatory approval from either the United States Food and Drug Administration or counterpart European bodies. DATATRAK International, Inc. has offices located in Cleveland, Ohio, and Bryan, Texas. Visit the DATATRAK International, Inc. web site at http://www.datatrak.net.

Except for the historical information contained in this press release, the statements made in this release are forward-looking statements. These forward-looking statements are made based on management's expectations, assumptions, estimates and current beliefs concerning the operations, future results and prospects of the Company and are subject to uncertainties and factors (including those specified below) which are difficult to predict and, in many instances, are beyond the control of the Company. Factors that may cause actual results to differ materially from those in the forward-looking statements include the limited operating history on which the Company's performance can be evaluated; the ability of the Company to continue to enhance its software products to meet customer and market needs; fluctuations in the Company's quarterly results; the viability of the Company's business strategy and its early stage of development; the timing of clinical trial sponsor decisions to conduct new clinical trials or cancel or delay ongoing trials; the Company's dependence on major customers; government regulation associated with clinical trials and the approval of new drugs; the ability of the Company to compete in the emerging EDC market; losses that potentially could be incurred from breaches of contracts or loss of customer data; the inability to protect intellectual property rights or the infringement upon other's intellectual property rights; the costs associated with maintaining and/or developing two product suites; and general economic conditions such as the rate of employment, inflation, interest rates and the condition of capital markets. This list of factors is not all-inclusive. In addition, the Company's success depends on the outcome of various strategic initiatives it has undertaken, all of which are based on assumptions made by the Company concerning trends in the clinical research market and the health care industry. The Company undertakes no obligation to update publicly or revise any forward-looking statement whether as a result of new information, future events or otherwise.

Source: DATATRAK International, Inc.
   

CONTACT:  Raymond J. Merk, Chief Financial Officer and Chief Operating
Officer, DATATRAK International, Inc., +1-440-443-0082, x181

Web Site:  http://www.datatrak.net/

On Center Software Wins Big in Constructech's 2010 Top Products

ON-SCREEN TAKEOFF(R) AND QUICK BID AMONG TOP PRODUCTS

THE WOODLANDS, Texas, March 1 -- On Center Software, the market leader in construction-industry software and estimating solutions, proudly announces its software is included in Constructech Magazine's Top Products of 2010. Selected by the Constructech editorial team, On Center Software's On-Screen Takeoff and Quick Bid were both chosen as Trusted Products based on "the overall usefulness and uniqueness of the products to the construction industry."

Along with the honor of obtaining two Top Products awards, On Center Software also received special recognition for its Digital Production Control project-tracking software and its Digital Takeoff Table® solution. Both of these On Center Software products were among Constructech's top five products that contractors should "keep an eye on" in 2010, according to the magazine's editorial team.

More information about the 2010 Top Products winners as well as a more in-depth On-Screen Takeoff and Quick Bid profile are available in the March issue of Constructech Commercial magazine.

About Constructech

From the perspective of the contractor and corporate owner, Constructech Commercial magazine uncovers the necessary tools to increase productivity and profitability and reveals the value of information technology tools and building control automation.

About On Center Software, Inc.

Located in The Woodlands, Texas, On Center Software, Inc., is a privately held company providing software and training to construction-industry professionals. The company's mission is to transform the estimating, takeoff and production-tracking experiences for construction-industry professionals by developing and supporting innovative, practical, comprehensive software solutions that turn winning bids into profitable projects. The On Center ProfitBuilding Suite of products includes Quick Bid, On-Screen Takeoff®, Digital Production Control(TM) and the Digital Takeoff Table®.

http://www.oncenter.com

Source: On Center Software, Inc.
   

CONTACT:  Sheridan Scott, Public Relations Specialist of On Center
Software, Inc., +1-281-297-9000, ext. 1023, [email protected]

Web Site:  http://www.oncenter.com/

Metafile Information Systems' Vice President of Technical Services Receives Award for Industry Leadership

Supply & Demand Chain Executive names Jim Mandt a 2010 Supply Chain "Pro to Know"

ROCHESTER, Minn., March 1 -- Jim Mandt, vice president of technical services with Metafile Information Systems, Inc. (http://www.metaviewer.com) has been named a recipient of the "2010 Provider Pros to Know" award by Supply & Demand Chain Executive. Metafile is an independent provider of paperless document management applications supporting accounts payable (AP), accounts receivable (AR), and human resources departments and has served middle-market and large businesses for more than 30 years.

Through his work with clients in a variety of industries in the AP realm, Mandt has developed a cross-industry philosophy centered on restructuring and adapting AP processes and best practices prior to implementation of new technology to ensure maximum value for an organization's technology investment.  It is this philosophy that has helped Mandt become a respected advisor to his clients and  well-regarded by his peers.

"Jim understands technology's influence, and is often on-site with our customers as technology is implemented.  Jim also ensures technology continues to deliver value by scaling as our customers' organizations grow," said Nick Sprau, vice president of marketing for Metafile. "We are extremely proud that Jim is being recognized for both his depth of knowledge and for his exceptional customer service during and after implementation of AP automation technology."

The Supply & Demand Chain Executive "2010 Provider Pros to Know" includes a list of individuals from software firms, service providers, consultancies, or analyst or research firms who have personally helped clients address the challenges of the recession and prepare for the recovery ahead.

"The '2010 Provider Pros to Know' have shown themselves to be thought-leaders in the supply chain industry," said Andrew K. Reese, editor of Supply & Demand Chain Executive. "Highlighting the learnings that the Provider Pros to Know have taken out of the Great Recession provides our readers with a wealth of best practices that they can apply in their own supply chains, as well as insights into how leading organizations are positioning themselves for competitive advantage in the Great Recovery ahead."

Supply & Demand Chain Executive, which defined criteria for the Provider Pros to Know, issued a call for nominations in November 2009. Beginning in January, the magazine's editorial selection committee culled through more than 400 submissions to find the applicants that best fit the criteria, which included demonstrated willingness to assist clients in addressing the challenges of the recession and working to meet the challenges that supply chains will face in the coming year.

"Businesses must not simply 'throw' technology at their existing processes; they must review those processes and fix them first to ensure seamless and effective technology integration," said Mandt. "It's great to be recognized as a Provider Pro to Know, and I look forward to bringing process improvement, efficiency, transparency, and cost savings to the supply chains of more organizations in more industries' in the future."

In his role as the vice president of technical services at Metafile, Jim Mandt oversees Metafile's help desk, and professional services teams, and is responsible for all aspects of providing technical support to Metafile's customers, as well as project analysis and design  for both new-customer installations and expansions within existing customers.

About Metafile Information Systems, Inc.

Founded in 1979 and headquartered in Rochester, Minn., Metafile is an established, independent, and efficient provider of paperless document management software applications supporting accounts payable, accounts receivable, and human resources departments in middle-market and large businesses nationwide. More than 3,500 organizations have translated Metafile's content management solutions into enterprise-wide value and competitive advantage. MetaViewer is Metafile's flagship paperless document management solution, offering paper and electronic invoice capture, Web-based workflow, two- and three-way matching, real-time graphical visibility, and full ERP integration. Today, more than 15,000 financial professionals worldwide are efficiently processing more than 15 million paperless transactions per week with the MetaViewer solution. For more information, call 1-800-638-2445, or visit http://www.metafile.com.

Source: Metafile Information Systems, Inc.
   

CONTACT:  Susie Johnston, Airfoil Public Relations, +1-248-304-1449,
[email protected]

Web Site:  http://www.metafile.com/

Atmel Receives French Worker Approval for Sale of Rousset Fab

SAN JOSE, Calif., March 1 -- Atmel(R) Corporation (NASDAQ: ATML), a leader in microcontroller and touch solutions, today announced that the proposed sale of Atmel's wafer fabrication operation in Rousset, France, to LFoundry GmbH has been approved by employees at the facility and the Rousset Works Council. Subsequent to receiving Works Council approval, Atmel sought and obtained approval from its Board of Directors to enter into a stock purchase agreement with LFoundry for the sale, which is expected to close in the second quarter. Over 700 workers are currently employed at the Rousset fab, which manufactures Atmel's high-performance ASIC, Memory and Microcontroller devices.

"We are pleased that the employees in Rousset have voted in favor of the fab sale to LFoundry and support the continuation of employment and business in France," said Steven Laub, Atmel's President and CEO. "This is an excellent outcome for all parties, including our employees, the local community, our customers, Atmel and its shareholders."

About Atmel

Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, non-volatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel provides the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.

About LFoundry

LFoundry, headquartered near Munich in Erding, Germany, is a leading analog/mixed-signal silicon foundry with a 200mm production line providing access to manufacturing services down to advanced analog 0.15 micron CMOS technologies with innovative extensions. Based in the heart of Europe, LFoundry is in an excellent position to support a wide portfolio of applications, especially when it comes down to high flexibility and the customization of technologies.

Safe Harbor for Forward-Looking Statements

Information in this release regarding Atmel's forecasts, outlook, expectations and beliefs are forward-looking statements that involve risks and uncertainties. These statements include statements about the proposed sale of Atmel's wafer fabrication business in Rousset, France to LFoundry, as well as the effects of such a transaction; Atmel's transformation plans, and exploration of strategic alternatives for its ASIC business and related manufacturing assets. All forward-looking statements included in this release are based upon information available to Atmel as of the date of this release, and could change, and the company assumes no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include the general economic conditions, risk relating to the negotiation, signing and closing of a transaction with LFoundry, including the risk that the parties may not sign definitive agreements relating to the transaction; that required approvals may not be obtained in a timely manner or at all, or that certain conditions to closing may not be satisfied in a timely manner or at all; the inability to realize the anticipated benefits of a potential transaction with LFoundry, if consummated, or of other recent strategic transactions, restructuring plans and other initiatives in a timely manner or at all; unanticipated costs and expenses or the inability to identify expenses that can be eliminated; and other risks detailed from time to time in Atmel's SEC reports and filings, including our Form 10-K for the year ended December 31, 2009, filed on March 1, 2010.

  Investor Contact:                Media Contacts:
  Deborah Stapleton                Barrett Golden and Jamie Wert
  IR counsel                       Joele Frank, Wilkinson Brimmer Katcher
  +1.650.470.4200                  +1.212.355.4449
  [email protected]

Source: Atmel Corporation
   

CONTACT:  Investors, Deborah Stapleton, IR counsel, +1-650-470-4200,
[email protected]; or Media, Barrett Golden and Jamie Wert of Joele Frank,
Wilkinson Brimmer Katcher, +1-212-355-4449, all for Atmel Corporation

EDCI Holdings, Inc. Schedules 4Q2009 and FY2009 Earnings Release and Conference Call, To Provide Update on EDCI Plan of Dissolution

NEW YORK, March 1 -- EDCI Holdings, Inc. (NASDAQ: EDCI) ("the Company" or "EDCI"), today announced that on March 5, 2010, it will report its financial results for the 4Q2009 and FY2009 and give an update on the EDCI Plan of Dissolution ("Plan of Dissolution'), which was approved by EDCI's shareholders on January 7, 2010.  EDCI is the majority shareholder of Entertainment Distribution Company, LLC ("EDC"), a European provider of supply chain services to the optical disc market. The Plan of Dissolution does not directly involve the operating business, assets, liabilities or corporate existence of EDC and its subsidiaries, however, during EDCI's minimum three-year dissolution period, EDCI will continue to seek value for its investment in EDC by exploring strategic alternatives and seeking, as appropriate, cash distributions, subject to applicable legal requirements.

The Company will host a conference call to discuss its 4Q2009 and FY2009 financial results and the Plan of Dissolution on Monday, March 8, 2010, at 9:00 a.m. EST. To access the conference call, please dial (800) 642-1740 or (706) 634-7533 (international callers) and conference code 57353520. A live webcast of the conference call will also be available on the Company's corporate Web site, located at http://www.edcih.com.

Clarke Bailey, Chief Executive Officer, will host the call.  Additional call participants will be as follows:

  --  Matthew Behrent, EVP, Corporate Development and Legal Counsel
  --  Roger Morgan, EVP, International Operations of EDC
  --  John Fitzgerald, Chief Operating Officer of EDC GmbH
  --  Michael Nixon, Office of the CFO, Chief Accounting Officer and
      Corporate Controller
  --  Kyle Blue, Office of the CFO, Treasurer

A replay of the conference call will be available through midnight EST on Wednesday, March 17, 2010. The replay can be accessed by dialing (800) 642-1687 or (706) 645-9291 (international callers). The conference code for the replay is 57353520.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  These statements include, without limitation, statements regarding the timing of certain actions contemplated by the Plan of Dissolution.  When used in this press release, the words "will," "expects," or "intends to" and other similar expressions are intended to identify such forward-looking statements.  Forward-looking statements are based on the opinions, expectations, forecasts, assumptions and estimates of management at the time the statements are made and are subject to risks and uncertainties that could cause actual results or the level of activity, performance or achievements expressed or implied by such statements to differ materially from our expectations of future results, level of activity, performance or achievements expressed or implied by those statements.  Such differences may be caused by factors such as, but not limited to, EDCI's ability to sell its assets in a timely manner or at all pursuant to its Plan of Dissolution; EDCI's ability to settle, make reasonable provision for, or otherwise resolve its liabilities and obligations; a change in economic conditions; the risks associated with EDCI's dependence on Universal Music Group's cooperation regarding any transaction involving EDC; and our Board of Director's ability to abandon or delay the implementation of the plan of dissolution.  More information about these and other important factors that could affect our business and financial results is included in the "Risk Factors" section of our quarterly report on Form 10-Q we filed with the Securities and Exchange Commission ("SEC") on October 30, 2009 and the proxy statement we filed with the SEC on November 16, 2009, as well as EDCI's other filings with the SEC. EDCI undertakes no obligation to publicly update or revise any forward-looking statements.

About EDCI Holdings, Inc.

EDCI Holdings, Inc. (NASDAQ:EDCI). is engaged in a final Plan of Complete Liquidation and Dissolution ("Plan of Dissolution") that was approved by EDCI's shareholders at a Special Meeting held on January 7, 2010. EDCI is also the majority shareholder of Entertainment Distribution Company, LLC ("EDC"), a European provider of supply chain services to the optical disc market. The Plan of Dissolution does not directly involve the operating business, assets, liabilities or corporate existence of EDC and its subsidiaries, however, during EDCI's minimum three-year dissolution period, EDCI will continue to seek value for its investment in EDC by exploring strategic alternatives and seeking, as appropriate, cash distributions, subject to applicable legal requirements. For more information, please visit http://www.edcih.com.

Source: EDCI Holdings, Inc.
   

CONTACT:  Kyle Blue, +1-317-348-2100

Web Site:  http://www.edcllc.com/

China Distance Education Holdings Limited Reports First Quarter 2010 Results

                -- Revenue increased by 13% year-over-year

        -- Total course enrollments increased by 7% year-over-year

BEIJING, March 1 -- China Distance Education Holdings Limited (NYSE:DL) ("CDEL", or the "Company"), a leading provider of online education in China focusing on professional education, reported today its unaudited financial results for the first quarter of fiscal year 2010 ended December 31, 2009.

  First Quarter Fiscal 2010 Business and Financial Highlights:

  -- Total course enrollments were 365,000, an increase of 7.0% from the
     first quarter of fiscal 2009.
  -- Net revenues increased 13.0% over the first quarter of fiscal 2009 to
     US$5.6 million.
  -- Gross profit decreased 23.1% from the first quarter of fiscal 2009 to
     US$1.9 million.
  -- Gross profit margin was 33.5%, compared to 49.2% in the fiscal first
     quarter of 2009. Non-GAAP(1) gross margin was 42.1%, compared to 58.2%
     in the same period of 2009.
  -- Net loss was US$1.3 million, compared to net loss of US$0.5 million in
     the first quarter of fiscal 2009.
  -- Non-GAAP(1) net loss excluding share-based compensation was US$0.2
     million, compared to non-GAAP(1) net income of US$0.4 million in the
     first quarter of fiscal 2009.
  -- Basic and diluted net loss per American Depositary Share ("ADS") were
     US$0.038, compared to basic and diluted net loss per ADS of US$0.013,
     for the first quarter of fiscal 2009. Each ADS represents four ordinary
     shares.
  -- Basic and diluted non-GAAP(1) net loss per ADS excluding share-based
     compensation charge were US$0.005, compared to basic and diluted
     non-GAAP(1) net income per ADS of US$0.013, for the first quarter of
     fiscal 2009.
  -- Deferred revenue and refundable fees balance was US$11.9 million, a
     22.8% increase from the balance of US$9.7 million for the first quarter
     of fiscal 2009.

  (1) For more information about the non-GAAP financial measures contained
      in this press release, please see "Use of non-GAAP Financial
      Measures" below.

  Recent Business Developments:

  -- The Company continued the successful expansion of its study process
     monitoring program for self-taught higher education learners with
     approval to offer the programs in both Jiangsu and Yunnan Province in
     December 2009 and January 2010, respectively. The self-taught higher
     education program is a self-study program designed to allow learners in
     China to obtain post-secondary education without having to pass the
     Uniform Entrance Exams ("Gaokao") or attend a traditional college or
     university. The rollout of this program into Jiangsu and Yunnan
     Province will provide CDEL with access to over one million self-taught
     higher education examination takers, a significant potential
     opportunity in this expanding market.

Commenting on the results, Mr. Zhengdong Zhu, CDEL Chairman and Chief Executive Officer said, "We are pleased to report results in-line with our guidance in what is typically our seasonally low quarter of the year. Though our course enrollments and revenues increased only moderately impacted by delayed recognition of certain Elite class revenues from fiscal 2008 to first quarter of 2009 and the half-price promotion held last year which resulted in higher first quarter 2009 revenue, we remained very focused on expanding our online education business throughout the quarter."

"We achieved healthy growth from our accounting continuous education and healthcare courses, and we are pleased to report that Xinlixiang, our recently acquired Gaokao retake and high-school supplementary tutoring program, generated meaningful revenue during the quarter. While our self-taught higher education study process monitoring programs have yet to make a material contribution to our results, our new contracts in Jiangsu and Yunnan Province demonstrate the continued acceptance of this program as a viable method to foster meaningful learning habits and strengthen the overall educational process. We believe there is a significant long-term market potential in the self-taught higher education segment, and we are working to aggressively expand this program to more provinces and cities throughout China.

Ms. Ping Wei, Chief Financial Officer of CDEL, commented, "Throughout the first quarter, we continued to successfully balance our growth initiatives with stringent cost controls to ensure the delivery of sustainable and profitable long-term growth. Our focus on controlling costs was demonstrated by a year-over-year decline in non-GAAP(1) general and administrative expenses. While an increase in commissions paid to online and other agents and selling expenses related to Yucai resulted in higher sales and marketing expenses in the quarter, we will continue to maintain strict cost controls moving forward."

Fiscal First Quarter 2010 Unaudited Financial Results

Net Revenues. Total net revenues for the first quarter of fiscal 2010 were US$5.6 million, representing a year-over-year increase of 13.0% from US$4.9 million in the first quarter of fiscal 2009.

Online education services net revenues for the first quarter of fiscal 2010 were US$3.9 million, a decrease of 10.2% from the first quarter of fiscal 2009. The decrease was primarily a result of the delayed recognition of certain Elite class revenues from fiscal 2008 to the first quarter of 2009 and the half-price promotion held last year which resulted in higher first quarter 2009 revenue.

Our complementary businesses continued to grow as revenue from the sale of books and reference materials increased 53.8% to US$0.4 million for the first quarter of fiscal 2010. Other revenues, primarily comprised of magazine content production services, in-person training courses and related services, and revenue from Gaokao retake courses offered by the newly acquired Xinlixiang, increased 309.2% year-over-year to US$1.2 million for the fiscal first quarter of 2010 from US$0.3 million in the corresponding period of last year.

Cost of Sales. Cost of sales for the first quarter of fiscal 2010 was US$3.7 million, representing a 47.9% increase over the first quarter 2009. Excluding share-based compensation (non-GAAP(1)), cost of sales for the first quarter of fiscal 2010 was US$3.2 million, an increase of 56.5% over the same period last year. The increase in cost of sales as compared to the same quarter of fiscal year 2009 was primarily due to higher salaries and welfare expenses as we added more personnel during 2009, increased rental space and facilities for the new Gaokao retake courses and to accommodate the headcount increase, and the increased cost of sales from Yucai. The cost of books and reference materials also increased due to the increase in sales of books.

Gross Profit and Gross Margin. Gross profit for the first quarter of fiscal 2010 was US$1.9 million, representing a 23.1% decrease from US$2.4 million in the same period last year. Excluding share-based compensation, non-GAAP(1) gross profit was US$2.3 million, a decrease of 18.2% year-over-year. Gross margin for the fiscal first quarter 2010 was 33.5%, compared to 49.2% in the fiscal first quarter 2009. Excluding share-based compensation, the non-GAAP(1) gross margin for the first quarter of fiscal 2010 was 42.1%, compared to 58.2% in the same period of 2009. The decrease in gross margin was primarily a result of headcount increase in 2009, increased revenue contribution from lower margin in-person training and books and reference materials sales, costs incurred by Yucai, and increased rental and facilities expenses as we expanded our rental space and facilities to accommodate the new Gaokao retake courses and the increased headcount.

Operating Expenses. Total operating expenses for the first quarter of fiscal 2010 were US$4.1 million, an increase of 21.9% year-over-year and an increase of 17.0% over the fourth quarter of fiscal 2009. Excluding share-based compensation (non-GAAP(1)), operating expenses were US$3.5 million, representing a year-over-year increase of 18.8% and a sequential increase of 10.9 %.

Selling expenses amounted to US$2.0 million for the first quarter of fiscal 2010, representing a 53.9% increase year-over-year and a 13.9% increase from the fourth quarter of fiscal 2009. Excluding share-based compensation (non-GAAP(1)), selling expenses were US$1.9 million, a 56.0% increase from the same period last year and a 12.1% increase from the fourth quarter of fiscal 2009. The increase in selling expenses as compared to the same period last year was primarily due to increased headcount and commissions to our online and other agents, and selling expenses related to Yucai.

General and administrative expenses were US$2.1 million in the first quarter of fiscal 2010, representing a 1.7% year-over-year increase and a 20.2% sequential increase. Excluding share-based compensation charge (non- GAAP(1)), general and administrative expenses were US$1.6 million, a decrease of 7.7% year-over-year and an increase of 9.6% compared to the fourth quarter of fiscal 2009 as the company implemented more stringent cost control measures.

Income Tax Benefit. Income tax benefit for the first quarter of fiscal 2010 was US$0.8 million, compared with a benefit of US$0.2 million in the same period last year.

Net Income/Loss. Net loss was US$1.3 million for the first quarter of fiscal 2010, compared to net loss of US$0.5 million in the same period of 2009. Excluding share-based compensation, non-GAAP(1) net loss for the first quarter of fiscal 2010 was US$0.2 million, compared to net income of US$0.4 million in the corresponding quarter in 2009.

Operating Cash Flow. Net operating cash flow for the first quarter of fiscal 2010 was US$0.8 million, an increase of 31.0% over the same period last year, primarily due to (i) increase in deferred revenue and refundable fees, and (ii) increase in accrued expenses and other liabilities. Such increase was partially offset by an increase in accounts receivable, inventories and deferred cost.

Cash and Cash Equivalents, Term Deposits and Restricted Cash. Cash and cash equivalents, term deposits and restricted cash as of December 31, 2009 decreased slightly to US$57.3 million from US$57.4 million as of September 30, 2009.

Second Quarter Fiscal 2010 Guidance - Due to the seasonality of our business, we typically experience fluctuations in our results. As such, CDEL expects to generate total net revenues for the second quarter of fiscal 2010 in the range of US$8 million to US$9 million, as compared to net revenues of US$6.8 million in the second quarter of fiscal 2009. This represents our current and preliminary view, which is subject to change.

Conference Call

China Distance Education Holdings Limited senior management will host a conference call at 8:00 am (Eastern) / 5:00 am (Pacific) / 9:00 pm (Beijing) on March 2, 2010 to discuss its fiscal first quarter 2010 financial results and recent business activity. The conference call may be accessed by calling +1 866 519 4004 (US), +852 2475 0994 (Hong Kong), 800 819 0121 (China), or 0 808 234 6646 (UK). A telephone replay will be available shortly after the call until March 3, 2010 at +1 866 214 5335 (US), 800 901 596 (Hong Kong), 800 876 50 10 800 714 0386 11 (China North), 10 800 140 0386 (China South), or 0 800 731 7846 (UK). Pass code 5344199.

A live webcast of the conference call and replay will be available on the investor relations page of China Distance Education Holdings Limited's website at:

http://ir.cdeledu.com/versions/Financials_en/EarningsAnnouncements_en.html

  About China Distance Education Holdings Limited

China Distance Education Holdings Limited is a leading provider of online education in China focusing on professional education. The courses offered by the Company through its websites are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, law, healthcare, construction engineering, information technology and other industries. The Company also offers online test preparation courses to self-taught learners pursuing higher education diplomas or degrees and to secondary school and college students preparing for various academic and entrance exams. In addition, the Company offers online foreign language courses, offline GaoKao retake courses and offline business start-up training courses.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "may," "should," "potential," "continue," "expect," "anticipate," "future," "intend," "plan," "believe," "is/are likely to," "estimate" and similar statements. Among other things, the outlook for the second quarter of the fiscal year 2010 and quotations from management in this announcement, as well as the Company's strategic and operational plans, and the new investment, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the SEC in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our goals and growth strategies; our future prospects and market acceptance of our online courses and other products and services; our future business development and results of operations; projected revenues, profits, earnings and other estimated financial information; projected enrollment numbers; our plans to expand and enhance our online courses and other products and services; competition in the online education and test preparation markets; and Chinese laws, regulations and policies, including those applicable to the Internet and Internet content providers, the education and telecommunications industries, mergers and acquisitions, taxation and foreign exchange.

Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the SEC. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release.

Statement Regarding Unaudited Financial Information

The unaudited financial information set forth above is preliminary and subject to adjustments. Adjustments to the financial statements may be identified when audit work is performed for the year-end audit, which could result in significant differences from this preliminary unaudited financial information.

Use of Non-GAAP Financial Measures

To supplement the Company's consolidated financial results presented in accordance with U.S. generally accepted accounting principles, or GAAP, the Company uses the following measures defined as non-GAAP financial measures by the U.S. Securities and Exchange Commission, or SEC: net income excluding share-based compensation expenses, operating income excluding share-based compensation expenses, gross profit excluding share-based compensation expenses, cost of sales excluding share-based compensation expenses, selling expenses excluding share-based compensation expenses, general and administrative expenses excluding share-based compensation expenses, net income margin excluding share-based compensation expenses, operating margin excluding share-based compensation expenses, gross profit margin excluding share-based compensation expenses and basic and diluted earnings per ADS and per share excluding share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of non-GAAP measures to comparable GAAP measures" set forth at the end of this release.

The Company believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses that may not be indicative of its operating performance from a cash perspective. The Company believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to the Company's historical performance and liquidity. The Company computes its non-GAAP financial measures using the same consistent method from quarter to quarter. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of excluding share-based compensation expenses from the above-mentioned line items and presenting these non-GAAP measures is that share-based compensation charges will continue to be for the foreseeable future a significant recurring expense in our business. Management compensates for this limitation by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying table at the end of this release provides more detail on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

  For more information, please contact:

  China Distance Education Holdings Limited
   Lingling Kong, IR manager
   Tel:   +86-10-8231-9999 x1805
   Email: [email protected]

  Investor Relations (HK):
   Ruby Yim, Managing Director
   Taylor Rafferty
   Tel:   +852-3196-3712
   Email: [email protected]

  Investor Relations (US):
   Mahmoud Siddig, Director
   Taylor Rafferty
   Tel:   +1-212-889-4350
   Email: [email protected]

                  China Distance Education Holdings Limited
                    Unaudited Consolidated Balance Sheets
  (in thousands of US Dollars, except number of shares and per share data)

                                      September 30, 2009 December 31, 2009
  Assets:
  Current assets:
  Cash and cash equivalents                       21,437            26,251
  Term deposits                                   27,750            22,750
  Restricted cash                                  8,250             8,250
  Accounts receivable                              5,229             7,904
  Amount due from a related party                  1,964                --
  Inventories                                        297               433
  Prepayment and other current assets              1,651             1,657
  Deferred tax assets, current portion               976             1,243
  Deferred cost - current portion                  1,289             1,582
  Total current assets                            68,843            70,070

  Non-current assets:
  Property, plant and equipment, net               7,899             8,562
  Goodwill                                         8,937             9,030
  Other intangible assets, net                     3,966             3,805
  Purchased call option                            1,892             1,892
  Deposit for non-current assets                     356               278
  Deferred tax assets, non-current
   portion                                           334               324
  Other non-current assets                           808             1,072
  Total non-current assets                        24,192            24,963

  Total assets                                    93,035            95,033

  Liabilities and shareholders' equity:
  Current liabilities:
  Accrued expenses and other
   liabilities                                     4,542             5,385
  Income tax payable                                 982               303
  Deferred revenue, current portion                7,887            10,015
  Refundable fees                                  1,781             1,882
  Total current liabilities                       15,192            17,585

  Non-current liabilities:
  Deferred tax liabilities, non-current
   portion                                           971               951
  Total non-current liabilities                      971               951

  Total liabilities                               16,163            18,536

  Commitments and contingencies                       --                --

  Shareholders' equity
  Ordinary shares (par value of
   US$0.0001 per share at September 30,
   2009 and December 31, 2009;
   Authorized - 480,000,000 shares at
   September 30, 2009 and December 31,
   2009; Issued and outstanding -
   138,765,685 shares and 138,739,917at
   September 30, 2009 and                             14                14
  Additional paid-in capital                      76,797            77,896
  Noncontrolling interest                          2,963             2,816
  Foreign currency translation                     1,702             1,702
  Cumulative deficits                             (4,604)           (5,931)
  Total shareholders' equity                      76,872            76,497
  Total liabilities and shareholders'
   equity                                         93,035            95,033

                  China Distance Education Holdings Limited
                 Unaudited Consolidated Statements Of Income
   (in thousands of US dollars, except number of shares, per share and per
                                  ADS data)

                                            Three Months Ended December 31,
                                                   2008              2009
  Sales, net of business tax, value-
   added tax and related surcharges:
  Online education services                        4,363             3,918
  Books and reference materials                      266               409
  Others                                             305             1,248
  Total net revenues                               4,934             5,575

  Cost of sales
  Cost of services                                (2,354)           (3,456)
  Cost of tangible goods sold                       (154)             (253)
  Total cost of sales                             (2,508)           (3,709)

  Gross profit                                     2,426             1,866

  Operating expenses
  Selling expenses                                (1,318)           (2,028)
  General and administrative expenses             (2,086)           (2,121)
  Total operating expenses                        (3,404)           (4,149)
  Non operating expense                               --               (73)

  Operating loss                                    (978)           (2,356)

  Interest income                                    255               113
  Exchange gain (loss)                                 3                (4)

  Loss before income taxes                          (720)           (2,247)
  Income tax benefit                                 243               771
  Less: Net loss attributable to
   noncontrolling interest                            --               149

  Net loss attributable to China
   Distance Education Holdings Limited
   shareholders                                     (477)           (1,327)

  Net loss per share attributable to
   China Distance Education Holdings
   Limited shareholders
  Basic                                               nil            (0.01)
  Diluted                                             nil            (0.01)

  Net loss per ADS attributable to
   China Distance Education Holdings
   Limited shareholders
  Basic                                           (0.013)           (0.038)
  Diluted                                         (0.013)           (0.038)

  Weighted average shares used in
   calculating net loss per share:
  Basic shares                               141,874,940       138,764,746
  Diluted shares                             141,874,940       138,764,746

                  China Distance Education Holdings Limited
       Reconciliation of non-GAAP measures to comparable GAAP measures
   (In thousands of US Dollars, except number of shares, per share and per
                                  ADS data)

                                             Three Months Ended December 31,
                                                  2008              2009
                                              (Unaudited)       (Unaudited)

  Cost of sales                                    2,508             3,709
  Share-based compensation expense in
   cost of sales                                     447               483
  Non-GAAP cost of sales                           2,061             3,226

  Selling expenses                                 1,318             2,028
  Share-based compensation expense in
   selling expenses                                  103               132
  Non-GAAP selling expenses                        1,215             1,896

  General and administrative expenses              2,086             2,121
  Share-based compensation expense in
   general and administrative expenses               375               542
  Non-GAAP general and administrative
   expenses                                        1,711             1,579

  Gross profit                                     2,426             1,866
  Share-based compensation expenses                  447               483
  Non-GAAP gross profit                            2,873             2,349

  Gross profit margin                              49.2%             33.5%
  Non-GAAP gross profit margin                     58.2%             42.1%

  Operating loss                                    (978)           (2,356)
  Share-based compensation expenses                  925             1,157
  Non-GAAP operating loss                            (53)           (1,199)

  Operating margin                                (19.8%)           (42.3%)
  Non-GAAP operating margin                        (1.1%)           (21.5%)

  Net loss                                          (477)           (1,327)
  Share-based compensation expenses                  925             1,157
  Non-GAAP net income (loss)                         448              (170)

  Net loss margin                                  (9.7%)           (23.8%)
  Non-GAAP net income (loss) margin                 9.1%             (3.0%)

  Net loss per share-basic                            nil            (0.01)
  Net loss per share-diluted                          nil            (0.01)
  Non-GAAP net loss per share-basic                   nil           (0.001)
  Non-GAAP net loss per share-diluted                 nil           (0.001)

  Net loss per ADS attributable to
   China Distance Education Holdings
   Limited shareholders-basic (note 1)            (0.013)           (0.038)
  Net loss per ADS attributable to
   China Distance Education Holdings
   Limited shareholders-diluted (note
   1)                                             (0.013)           (0.038)
  Non-GAAP net income (loss) per ADS
   attributable to China Distance
   Education Holdings Limited
   shareholders-basic (note 1)                     0.013            (0.005)
  Non-GAAP net income (loss) per ADS
   attributable to China Distance
   Education Holdings Limited
   shareholders-diluted (note 1)                   0.013            (0.005)

  Weighted average shares used in
   calculating basic net loss per share      141,874,940       138,764,746
  Weighted average shares used in
   calculating diluted net loss per
   share                                     141,874,940       138,764,746
  Weighted average shares used in
   calculating basic non-GAAP net loss
   per share                                 141,874,940       138,764,746
  Weighted average shares used in
   calculating diluted non-GAAP net
   loss per share                            141,874,940       138,764,746

  Note 1: Each ADS represents four ordinary shares

Source: China Distance Education Holdings Limited
   

CONTACT: Lingling Kong, IR Manager of CDEL, +86-10-8231-9999 x191, or
[email protected]; Or Investor Relations (HK): Ruby Yim, Managing Director of
Taylor Rafferty, +852-3196-3712, or [email protected]; Or
Investor Relations (US): Mahmoud Siddig, Director of Taylor Rafferty,
+1-212-889-4350, or [email protected]

Web site: http://ir.cdeledu.com/
http://ir.cdeledu.com/versions/Financials_en/EarningsAnnouncements_en.html

IntegraScan Denied the Ability to Speak to Detectives Regarding Chelsea King Abduction

IntegraScan.com has valuable information regarding the actual address of John Albert Gardner III, the suspect arrested for the disappearance of Chelsea King in San Diego County, California

SAN DIEGO , March 1 -- IntegraScan.com, a background check company, contacted the San Diego County Sheriff's Department this morning, March 1, 2010, regarding the Chelsea King and John Albert Gardner III case with valuable information on the current address of John Gardner III, but were denied the opportunity to provide this information to detectives working the case.

After hearing about Chelsea King's disappearance February 25th and the arrest of the sex offender, John Gardner III on Sunday (http://latimesblogs.latimes.com/lanow/2010/02/man-arrested-in-san-diego-teens -disappearance-her-whereabouts-still-unknown.html), IntegraScan performed a search of their system for information on Gardner. The San Diego County Sheriff William Gore reported to the Associated Press that they arrested John Gardner III of Lake Elsinore, California. Lake Elsinore is located 75 miles north of where Chelsea King disappeared. However, the address the IntegraScan database has Gardner living at is in Escondido, California, a mere eight miles from the Rancho Bernardo Community Park where Chelsea King was jogging and disappeared.

When IntegraScan called the San Diego County Sheriff's Department to report Gardner's real address, they were denied the opportunity to speak with a detective by the operator. After questioning the operator about whether or not they were still searching for Chelsea King, the operator confirmed that they were, but that it was not possible to speak to a detective regarding the case. This press release is a plea to the Sheriff to please contact us. We will gladly provide you with the information we have.

In addition, IntegraScan has a full address history on Gardner dating back to 2000, as well as four photos, while the Office of the Attorney General only has one photo and the incorrect address for Gardner. The address history that IntegraScan has also shows that Gardner actually lived in Rancho Bernardo in 2000, which suggests that he is very familiar with the Rancho Bernardo Community Park and area.

The San Diego Sheriff's Department has stated that they have valuable evidence linking Gardner to the case, but we feel they are looking in the wrong location for Chelsea King. It is highly likely that additional evidence, and perhaps Chelsea King, could be located at this current address.

About IntegraScan.com: Information regarding John Albert Gardner III was provided by IntegraScan.com a background check and people locate company.

  Contact:
  Terry Sweet
  IntegraScan Inc.
  561-715-1705

Source: IntegraScan Inc.
   

CONTACT:  Terry Sweet of IntegraScan Inc., +1-561-715-1705

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

CCH Lists Ten Ways to Reduce Your Taxes Whether You Itemize or Not

RIVERWOODS, Ill., March 1 -- You don't have to itemize to find opportunities for savings on your taxes, according to CCH, a Wolters Kluwer business and a leading provider of tax, accounting and audit information, software and services (CCHGroup.com). But be sure to select your tax form carefully and read the instructions thoroughly. Not every deduction or credit appears on every form. While some deductions and credits have their own lines, others do not. You are required to do some hunting and may have to fill in the blanks to take advantage of them.

Here "above the line" deductions are available to non-itemizers and itemizers alike. Numbers 1-4 are available on both Form 1040 and 1040A, 5-10 are available only on Form 1040.

  1. IRA deductions - The maximum deduction per year for an Individual
     Retirement Account (IRA) is $5,000 for 2009. Individuals 50 and older
     can make an additional catch-up contribution of up to $1,000. You can
     still reduce your taxes through an IRA contribution. Contributions made
     up to the return due date, without extensions, are treated as made on
     the last day of 2009.
  2. Student loan interest - If you qualified for and have paid interest on
     qualified education loans, you may claim an above the line deduction
     for the interest, up to $2,500. The deduction starts to phase out for
     individuals with a modified adjusted gross income (AGI) of more than
     $50,000, and more than $100,000 for joint filers.
  3. Tuition and fees - You can take up to $4,000 as an above the line
     deduction for qualifying educational expenses at an accredited
     post-secondary institution. The deduction is subject to reduction at
     AGI levels above $65,000 ($130,000 for joint filers) and is not
     available if AGI exceeds $80,000 ($160,000 for joint filers). This must
     be coordinated with other educational exclusions and cannot be used for
     anyone for whom the American Opportunity Tax Credit or Lifetime
     Learning Credit is claimed.
  4. Teachers' classroom expenses - On 2009 returns, eligible educators can
     deduct up to $250 per year for unreimbursed expenses incurred in
     connection with books, supplies (other than non-athletic supplies for
     courses in health or physical education), computer equipment and
     supplementary materials used in the classroom.
  5. Expenses for reservists, performing artists, fee-basis government
     officials - Normally, expenses related to an occupation are taken as
     itemized deductions or are subtracted from income on a business return,
     but there are exceptions for these narrow classes. See Form 2106 for
     details.
  6. Health Savings Accounts (HSAs) and Archer Medical Savings Accounts
     (MSAs) - The deduction for HSAs is taken on line 25. If you have an
     MSA, you must indicate the deduction by writing in "MSA" and the amount
     on the dotted line next to line 36.
  7. Moving expenses - To qualify, your new workplace must be at least 50
     miles farther from your old home than was your previous workplace.
  8. Deductions for the self-employed - If you're self-employed, you can
     deduct one-half of your self-employment taxes. You also can deduct the
     health insurance premiums you paid as a self-employed individual.
     Self-employed individuals also can deduct their contributions to Keogh,
     SEP and SIMPLE retirement plans from their gross income.
  9. Early withdrawal penalties - If you earned interest that you later
     forfeited because of a premature withdrawal penalty, you can use the
     loss to reduce your gross income.
  10. Alimony - Alimony is deductible, including back alimony, in the year
      when it is actually paid. Amounts that are actually property
      settlements or child support are normally non-deductible - although
      different rules apply to pre-1984 divorces.

  About CCH, a Wolters Kluwer business

CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. CCH is based in Riverwoods, Ill. Wolters Kluwer is a leading global information services and publishing company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands (http://www.wolterskluwer.com).

Source: CCH, a Wolters Kluwer business
   

CONTACT:  Neil Allen, +1-847-267-2179, [email protected], or
Leslie Bonacum, +1-847-267-7153, [email protected]

Web Site:  http://www.cchgroup.com/
http://www.wolterskluwer.com/

Edwina Musante Named as Director of Operations for IBA's Regional Office in Alabama

FALLS CHURCH, Va., March 1 -- Irving Burton Associates (IBA), a leading provider of IT Services and Program, Acquisition, Financial, Contract, and Earned Value management solutions for over 30 years, has appointed Edwina Musante as the Director of Operations for its Alabama regional office.

Ms. Musante brings to IBA more than 25 years of experience in project engineering and professional knowledge in the aerospace, defense, and construction industries. As Director of Operations in Huntsville, Ms. Musante will be responsible for managing client and partner services and for the company's federal sales and strategic direction in Huntsville.

"We are very excited to have Edwina's talents and experience on our Huntsville team.  Her background in engineering combined with experience in business development, make her a natural fit. We believe she will be a perfect match for IBA," says IBA Senior Vice President, John Kane.

Ms. Musante is a native of Birmingham, Alabama. She has a Bachelors degree in Electrical Engineering from the University of Alabama at Birmingham and a graduate certificate in Systems Engineering from the University of Alabama in Huntsville.

ABOUT IBA

Founded in 1979, IBA is a woman-owned professional and technical services firm providing expert program management support, financial services and advanced technology solutions to government and commercial clients. Currently, IBA assists with the program management and technical needs for the military's electronic health record and provides government consultant services to over 40 program offices in the federal sector.

IBA corporate headquarters is located in Falls Church, VA, with major offices located in and around Washington, DC; Denver, CO; Marina Del Ray, CA; and Huntsville, AL metropolitan areas. For more information about IBA, please visit http://www.ibacorp.us.

Source: Irving Burton Associates
   

CONTACT:  Malika Bennett of Irving Burton Associates, Inc.,
+1-703-575-8359, [email protected]

Web Site:  http://www.ibacorp.us/

Virilion Names Huard Smith as President

WASHINGTON, March 1 -- Virilion, Inc., a full-service digital agency, today announced the appointment of Huard Smith as its President, according to Dan Solomon, Virilion's Chief Executive Officer.

"With Huard's leadership, Virilion has improved its performance for clients," stated Solomon.  "With the additional responsibilities as President, I am confident that our ability to effectively translate for the brands and institutions we serve the rapid changes occurring in the marketing and communications environment will grow significantly."

With this newly created position, Smith takes on additional responsibilities relating to the operations of Virilion in addition to being primarily responsible for  the services provided to clients and managing the firm's different professional practice areas.  Solomon remains Virilion's Chief Executive Officer.  Smith has more than 22 years of experience in successfully creating and linking strategies to execution in branding, interactive marketing, online sales, lead generation and Web customer service.

"Virilion is a special place of great people who have a total focus on client service and satisfaction," said Smith. "Our people aspire to serve their clients with a commitment that is second to none, and as a result we are poised for tremendous growth in 2010. I look forward to leading this team of extraordinary professionals as we continue to build Virilion into one of the best-regarded digital agencies."

Prior to joining Virilion, Smith was Senior Vice President in the Strategy & Analysis practice of Digitas, Huard led strategy teams for key clients including AARP, the InterContinental Hotels Group, The Home Depot, The New York Times and Turner Broadcasting.

Huard holds a Masters of Business Administration from the University of Pennsylvania's Wharton School of Business and Bachelor of Science and Master of Science degrees from the Pennsylvania State University in Aerospace Engineering.

About Virilion

Virilion is a full-service interactive agency that for more than ten years has helped major organizations, institutions, and corporations transform their communication and marketing goals into results through digital media. With offices in Austin, Boston, New York, and Washington, DC, Virilion was named one of Inc. Magazine's fastest growing companies in 2007, 2008 and 2009. Learn more at http://www.virilion.com/.

  Contact: Anthony Owens, Senior Strategic Consultant
  [email protected] , P: 202-654-0838 C: 202-553-9404
  1025 Vermont Avenue, NW, Suite 1200, Washington, DC 20005

Source: Virilion, Inc.
   

CONTACT:  Anthony Owens, Senior Strategic Consultant, P: +1-202-654-0838
C: +1-202-553-9404, [email protected]

Web Site:  http://www.virilion.com/

AirMedia Announces Unaudited Fourth Quarter and Fiscal Year 2009 Financial Results

BEIJING, March 1 -- AirMedia Group Inc. ("AirMedia" or the "Company") (NASDAQ:AMCN), a leading operator of out-of- home advertising platforms in China targeting mid-to-high-end consumers, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.

  Fourth Quarter 2009 Financial and Business Highlights
  -- Total revenues increased by 11.7% year-over-year and by 19.8%
     quarter-over-quarter to US$45.2 million, a record high in AirMedia's
     operating history.
  -- Revenues from traditional media in airports increased by 139.9%
     year-over-year and by 39.9% quarter-over-quarter to US$10.2 million.
  -- Net loss attributable to AirMedia's shareholders was US$12.4 million.
     Basic and diluted loss attributable to AirMedia's shareholders per
     American Depositary Share ("ADS") were both US$0.19.
  -- Adjusted net loss attributable to AirMedia's shareholders (non-GAAP),
     which is net loss attributable to AirMedia's shareholders excluding
     share-based compensation expenses and amortization of acquired
     intangible assets, was US$10.0 million. Adjusted basic and diluted net
     loss attributable to AirMedia's shareholders per ADS (non-GAAP) were
     both US$0.15.
  -- Average advertising revenue per time slot sold (the "ASP") of digital
     frames in airports, digital TV screens in airports, digital TV screens
     on airplanes, and traditional media in airports all improved
     quarter-over-quarter.
  -- Utilization rates of digital frames in airports, digital TV screens on
     airplanes, and traditional media in airports improved
     quarter-over-quarter.

  Fiscal Year 2009 Financial Highlights
  -- Total revenues increased by 21.5% year-over-year to US$152.5 million.
  -- Revenues from digital frames in airports grew by 47.2% year-over-year
     to US$66.3 million.
  -- Net loss attributable to AirMedia's shareholders was US$30.2 million.
     Basic and diluted loss attributable to AirMedia's shareholders per ADS
     were both US$0.46.
  -- Adjusted net loss attributable to AirMedia's shareholders (non-GAAP),
     which is net loss excluding share-based compensation expenses and
     amortization of acquired intangible assets, was US$21.9 million.
     Adjusted basic and diluted loss attributable to AirMedia's shareholders
     per ADS (non-GAAP) were both US$0.33.

"Total revenues reached US$45.2 million in the fourth quarter of 2009, a record high in our operating history, which demonstrates the recovery of the advertising sector in China. 2009 has been a year of media expansion for AirMedia. During the year, within the air travel advertising sector, we expanded our digital frame network to 31 airports, including all the top 15 airports in China, further enhanced our media presence in the top tier airports and extended our leading position to traditional media in the top tier airports. Outside the air travel advertising sector, we obtained exclusive concession rights until the end of 2014 to put our media in Sinopec's gas stations across China," commented Herman Guo, chairman and chief executive officer of AirMedia.

"We are inspired by the strong recovery of advertising expenditure of our customers, which is reflected in our first quarter 2010 revenue guidance. In general, the first quarter is the lowest quarter of the year for advertising due to the Spring Festival, with revenues showing a sequential drop from the fourth quarter of the previous year. However, so far this year, due to strong demand from advertisers, we have not experienced the usual seasonality. We expect the recovery in advertising to continue throughout the year based on feedback from our advertisers indicating their confidence in the Chinese economy and confirming incremental advertising budget increases at the beginning of the year. We believe the valuable media resources we captured during the recent economic downturn will bring significant commercial benefits and turn 2010 into a year of harvesting," continued Herman Guo.

Conor Yang, AirMedia's chief financial officer, added, "Net loss increased sequentially in the fourth quarter of 2009 due to certain one-time penalties imposed on us for terminating the operation of some unprofitable media. However, we expect that the terminations of the operation of certain unprofitable media, which began in the fourth quarter of 2009 and continued into the first quarter of 2010, will reduce our concession fees by approximately US$11.3 million in 2010. We believe that such terminations will only have a temporary negative impact on our business and will be good for the Company in the long term. We are encouraged to see revenues from traditional media in airports, which were the biggest drag on our recent performance, grow significantly in the fourth quarter of 2009. The sequential increases in ASPs of all our major products and the sequential improvement in utilization rates of most of our products further boosted our confidence in the recovery of the overall economy and the advertising sector in particular."

  Fourth Quarter 2009 Financial Results

  Revenues

Total revenues by product line (numbers in US$ 000's except for percentages):

                                        Quarter           Quarter
                                         Ended    % of     Ended    % of
                                       December   Total  September  Total
                                       31, 2009 Revenues 30, 2009 Revenues
  Air Travel Media Network               45,097    99.8%   37,726   100.0%
    Digital frames in airports           20,673    45.7%   17,059    45.2%
    Digital TV screens in airports        7,498    16.6%    8,412    22.3%
    Digital TV screens on airplanes       6,271    13.9%    4,053    10.7%
    Traditional media in airports        10,215    22.6%    7,304    19.4%
    Other revenues in air travel            440     1.0%      898     2.4%
  Gas Station Media Network                 102     0.2%       --       --
  Total revenues                         45,199   100.0%   37,726   100.0%
  Net revenues                           44,256            37,174

                                        Quarter
                                         Ended    % of       Y/Y      Q/Q
                                       December   Total    Growth   Growth
                                       31, 2008 Revenues    rate     rate
  Air Travel Media Network               40,462   100.0%    11.5%    19.5%
    Digital frames in airports           17,231    42.6%    20.0%    21.2%
    Digital TV screens in airports       11,388    28.1%   -34.2%   -10.9%
    Digital TV screens on airplanes       4,123    10.2%    52.1%    54.7%
    Traditional media in airports         4,258    10.5%   139.9%    39.9%
    Other revenues in air travel          3,462     8.6%   -87.3%   -51.0%
  Gas Station Media Network                  --       --      N/A      N/A
  Total revenues                         40,462   100.0%    11.7%    19.8%
  Net revenues                           38,190             15.9%    19.1%

Total revenues for the fourth quarter of 2009 reached US$45.2 million, representing a year-over-year increase of 11.7% from US$40.5 million and a quarter-over-quarter increase of 19.8% from US$37.7 million. The year-over-year and quarter-over-quarter increases were due to increases in revenues from digital frames in airports, digital TV screens on airplanes, traditional media in airports and gas station media network.

Revenues from digital frames in airports

Revenues from digital frames in airports for the fourth quarter of 2009 increased by 20.0% year-over-year and by 21.2% quarter-over-quarter to US$20.7 million. The year-over-year increase was due to an increase in the number of time slots sold, partially offset by a decrease in the ASP. The quarter-over-quarter increase was due to increases in both the number of time slots sold and the ASP. Please refer to "Summary of Selected Operating Data" below for detailed definitions of the operating data cited in this press release.

The number of time slots sold for the fourth quarter of 2009 increased by 110.6% year-over-year and by 18.8% quarter-over-quarter to 9,724 time slots. The year-over-year and quarter-over-quarter increases were due to continued sales efforts and growing acceptance of AirMedia's digital frames. AirMedia's digital frames were operated in 31 airports in the fourth quarter of 2009, up from 22 airports at the end of the fourth quarter of 2008, and remained unchanged from the third quarter of 2009. The number of time slots available for sale for the fourth quarter of 2009 increased by 53.1% year-over-year and by 4.7% quarter-over-quarter to 30,290 time slots. The year-over-year increase was primarily due to an increase in the number of airports in AirMedia's digital frame network. The quarter-over-quarter increase was primarily due to the full-quarter operations of the additional digital frame product lines in the Beijing airport, Shanghai's two airports, the Guangzhou airport, the Chengdu airport and the Hangzhou airport, which AirMedia commenced to operate in the middle of the previous quarter, and the commencement of operations of an additional digital frame product line in the Guiyang airport. The utilization rate of digital frames for the fourth quarter of 2009 increased by 8.8 percentage points year-over-year and 3.8 percentage points quarter-over-quarter to 32.1%, primarily due to the increase in the number of time slots sold.

The ASP of digital frames for the fourth quarter of 2009 decreased by 43.0% year-over-year and increased by 2.0% quarter-over-quarter to US$2,126. The year-over-year decrease was primarily due to higher discounts offered in the fourth quarter of 2009 than in the same period one year ago. The quarter-over-quarter increase was primarily due to the change in mix of time slots sold. The number of time slots sold in the top three airports, which have significantly higher ASPs than those sold in other airports, accounted for a higher percentage of total number of time slots sold in the fourth quarter of 2009 than in the previous quarter.

Revenues from digital TV screens in airports

Revenues from digital TV screens in airports for the fourth quarter of 2009 decreased by 34.2% year-over-year and by 10.9% quarter-over-quarter to US$7.5 million, primarily due to a decrease in the number of time slots sold.

The number of time slots sold for the fourth quarter of 2009 decreased by 28.9% year-over-year and by 28.2% quarter-over-quarter to 4,062 time slots. The year-over-year decrease was primarily due to advertisers' shift in their budget allocations from our digital TV screens in airports to our other products in airports and on airplanes. The quarter-over-quarter decrease was due to advertisers' shift in their budget allocations and lower discounts offered, which resulted in fewer time slots sold when advertisers spent the same amount of budgets as in the previous quarter. The number of time slots available for sale for the fourth quarter of 2009 was 25,629 time slots, which remained relatively unchanged year-over-year and quarter-over-quarter. The utilization rate for the fourth quarter of 2009 decreased by 6.4 percentage points year-over-year and by 6.2 percentage point quarter-over-quarter to 15.8%, primarily due to the decrease in the number of time slots sold.

The ASP of digital TV screens in airports for the fourth quarter of 2009 decreased by 7.4% year-over-year and increased by 24.2% quarter-over-quarter to US$1,847. The year-over-year decrease was primarily due to the change in the mix of the time slots sold. The number of time slots sold in the airports other than the top three airports, which have significantly lower ASPs than those sold in the top three airports, accounted for a higher percentage of total number of time slots sold in the fourth quarter of 2009 than in the same period one year ago. The quarter-over-quarter increase was due to lower discounts offered to clients, reflecting the recovering Chinese economy.

Revenues from digital TV screens on airplanes

Revenues from digital TV screens on airplanes for the fourth quarter of 2009 increased by 52.1% year-over-year and by 54.7% quarter-over-quarter to US$6.3 million. The year-over-year and quarter-over-quarter increases were due to increases in both the number of time slots sold and the ASP of digital TV screens on airplanes.

The number of time slots sold for the fourth quarter of 2009 increased by 39.8% year-over-year and by 28.6% quarter-over-quarter to 274 time slots due to continued sales efforts. The number of time slots available for sale for the fourth quarter of 2009 decreased by 7.4% year-over-year to 450 time slots and remained unchanged quarter-over-quarter. The utilization rate for the fourth quarter of 2009 increased by 20.6 percentage points year-over-year and increased by 13.6 percentage points quarter-over-quarter to 60.9%. The year-over-year and quarter-over-quarter increases were primarily due to the increase in the number of time slots sold.

The ASP of digital TV screens on airplanes for the fourth quarter of 2009 increased by 8.7% year-over-year and by 20.3% quarter-over-quarter to US$22,887. The year-over-year increase in the ASP was primarily due to the change in the mix of the time slots sold. The number of time slots sold on the three largest airlines, which have significantly higher ASPs than those sold on the other airlines, accounted for a higher percentage of total number of time slots sold in the fourth quarter of 2009 than in the same period one year ago. The quarter-over-quarter increase in the ASP was due to lower discounts offered in the fourth quarter of 2009 than in the previous quarter, as well as the change in the mix of the time slots sold. The number of time slots sold on the three largest airlines, which have significantly higher ASPs than those sold on the other airlines, accounted for a higher percentage of total number of time slots sold in the fourth quarter of 2009 than in the previous quarter.

Revenues from traditional media in airports

Please note that part of the prior comparative figure of "Other Displays" has been reclassified to "Traditional Media in Airports" to conform to the current presentation.

Revenues from traditional media in airports for the fourth quarter of 2009 primarily included revenues from traditional media in Beijing Capital International Airport, Shenzhen International Airport and Wenzhou Yongqiang Airport, as well as revenues from billboards and painted advertisements on gate bridges in certain airports. Revenues from traditional media in airports for the fourth quarter of 2009 increased by 139.9% year-over-year and by 39.9% quarter-over-quarter to US$10.2 million. The year-over-year increase was primarily due to the commencement of operations of traditional media in the Beijing and Shenzhen airports in April 2009. The quarter-over-quarter increase was primarily due to improved sales of traditional media in the Beijing and Shenzhen airports.

The number of locations sold for the fourth quarter of 2009 was 358 locations, relatively unchanged compared to the previous quarter. The number of locations available for sale for the fourth quarter of 2009 decreased by 14.1% quarter-over-quarter to 864 locations primarily due to the upgrade of TV-attached light boxes in the Chengdu airport, which were classified as traditional media, to TV-attached digital frames, which are classified as digital frames. The utilization rate of traditional media for the fourth quarter of 2009 increased by 5.7 percentage points quarter-over-quarter to 41.4% primarily due to the decrease in the number of locations available for sale.

The ASP of traditional media in airports for the fourth quarter of 2009 increased by 40.2% quarter-over-quarter to US$28,532 primarily due to the change in the mix of the number of locations sold. The number of traditional media sold in the Beijing and Shenzhen airports, which have higher ASPs, accounted for a higher percentage of the total number of locations sold in the fourth quarter of 2009 than in the previous quarter.

Revenues from the gas station media network

AirMedia started to put clients' advertisements in Sinopec's gas stations in Beijing, Shanghai and Shenzhen on a trial basis in early December of 2009. Revenues from gas station media network for the fourth quarter of 2009 were US$102,000.

As of February 28, 2010, AirMedia had installed its media, including scrolling light boxes and billboards, in a total of 729 Sinopec gas stations, of which 215 are located in Beijing, 249 in Shanghai, 99 in Shenzhen and the remaining 166 in 10 other cities.

Please refer to "Summary of Selected Operating Data" for more operating data.

Business tax and other sales tax for the fourth quarter of 2009 were US$943,000, compared to US$2.3 million in the same period one year ago and US$552,000 in the previous quarter. For purposes of calculating the amount of business and other sales tax, concession fees are permitted to be deducted from total revenues under applicable PRC tax law.

Net revenues for the fourth quarter of 2009 reached US$44.3 million, representing a year-over-year increase of 15.9% from US$38.2 million and a quarter-over-quarter increase of 19.1% from US$37.2 million.

Cost of Revenues

Cost of revenues for the fourth quarter of 2009 was US$47.1 million, representing a year-over-year increase of 102.2% from US$23.3 million and a quarter-over-quarter increase of 24.5% from US$37.8 million. The year-over-year and quarter-over-quarter increases were primarily due to an increase in concession fees in connection with the expansion of AirMedia's business. Cost of revenues as a percentage of net revenues in the fourth quarter of 2009 was 106.4%, compared to 61.0% in the same period one year ago and 101.7% in the previous quarter.

AirMedia incurs concession fees to airports for placing and operating digital TV screens, digital frames, traditional media and other displays in airports, to airlines for playing programs on their digital TV screens and to Sinopec for placing outdoor media in its gas stations.

During the fourth quarter of 2009, AirMedia terminated the operation of certain unprofitable media in several airports. The dropping of these unprofitable media resulted in one-time penalties of US$3.7 million recorded in concession fees in the fourth quarter of 2009.

Concession fees for the fourth quarter of 2009 were US$35.1 million, representing a year-over-year increase of 129.6% from US$15.3 million and a quarter-over-quarter increase of 25.8% from US$27.9 million. The year-over-year increase was primarily due to newly signed or renewed concession rights contracts during the period and one-time penalties for terminating the operation of certain unprofitable media. The quarter-over-quarter increase was primarily due to incremental concession fees associated with new concession rights contracts entered in the fourth quarter of 2009, full quarter impact of concession fees associated with concession rights contracts entered in the third quarter of 2009, and one-time penalties for terminating operation of certain unprofitable media. Concession fees as a percentage of net revenues in the fourth quarter of 2009 was 79.3%, compared to 40.1% in the same period one year ago and 75.1% in the previous quarter. The year-over-year increase of concession fees as a percentage of net revenues was primarily due to the fact that incremental concession fees associated with new concession rights contracts were fixed once concession rights contracts were entered into, while revenues generated from newly signed concession rights contracts would take time to ramp up.

Gross Profit/Loss

Gross loss for the fourth quarter of 2009 was US$2.8 million, compared to gross profit of US$14.9 million in the same period one year ago and gross loss of US$628,000 in the previous quarter.

Gross loss as a percentage of net revenues for the fourth quarter of 2009 was negative 6.4%, compared to gross profit as a percentage of net revenues of 39.0% in the same period one year ago and gross loss as a percentage of net revenues of negative 1.7% in the previous quarter. The year-over-year and quarter-over-quarter decreases in gross profit as a percentage of net revenues were primarily due to the increase in concession fees.

  Operating Expenses

  Operating expenses (numbers in US$ 000's except for percentages):

                                     Quarter            Quarter
                                      Ended    % of      Ended    % of
                                     December   Net    September   Net
                                        31,   Revenues     30,   Revenues
                                       2009               2009
  Selling and marketing expenses      4,121     9.3%     3,607     9.7%
  General and administrative
   expenses                           8,274    18.7%     7,034    18.9%
  Total operating expenses           12,395    28.0%    10,641    28.6%
  Adjusted operating expenses (non-
   GAAP)                             10,031    22.7%     8,071    21.7%

                                        Quarter
                                         Ended              Y/Y      Q/Q
                                       December % of Net   Growth   Growth
                                       31, 2008 Revenues    rate     rate
  Selling and marketing expenses          3,341     8.7%    23.3%    14.3%
  General and administrative expenses     5,195    13.6%    59.3%    17.6%
  Total operating expenses                8,536    22.4%    45.2%    16.5%
  Adjusted operating expenses (non-
   GAAP)                                  6,212    16.3%    61.5%    24.3%

Total operating expenses for the fourth quarter of 2009 were US$12.4 million, representing a year-over-year increase of 45.2% from US$8.5 million and a quarter-over-quarter increase of 16.5% from US$10.6 million.

Total operating expenses for the fourth quarter of 2009 included share-based compensation expenses of US$1.8 million, compared to share-based compensation expenses of US$1.7 million in both the same period one year ago and the previous quarter. Adjusted operating expenses (non-GAAP) for the fourth quarter of 2009, which excluded share-based compensation expenses and amortization of acquired intangible assets, were US$10.0 million, representing a year-over-year increase of 61.5% from US$6.2 million and a quarter-over-quarter increase of 24.3% from US$8.1 million. Adjusted operating expenses as a percentage of net revenues (non-GAAP) in the fourth quarter of 2009 was 22.7%, compared to 16.3% in the same period one year ago and 21.7% in the previous quarter.

Please refer to the attached table for a reconciliation of operating expenses under U.S. GAAP to adjusted operating expenses (non-GAAP).

Selling and marketing expenses for the fourth quarter of 2009 were US$4.1 million, including share-based compensation expenses of US$523,000. This represented a year-over-year increase of 23.3% from US$3.3 million and a quarter-over-quarter increase of 14.3% from US$3.6 million. The year-over-year increase was primarily due to higher expenses related to expansion of the direct sales force and increased share-based compensation expenses. The quarter-over-quarter increase was primarily due to higher expenses related to the expansion of the direct sales force for the new advertising network in Sinopec's gas stations.

General and administrative expenses for the fourth quarter of 2009 were US$8.3 million, including share-based compensation expenses of US$1.3 million, representing a year-over-year increase of 59.3% from US$5.2 million and a quarter-over-quarter increase of 17.6% from US$7.0 million. The year-over-year increase was primarily due to higher bad-debt provisions, headcount increase and increased expenses of office and utilities. The quarter-over-quarter increase was primarily due to higher bad-debt provisions, headcount increase, higher professional fees, and increases in other various expenses. In response to significant budget cuts by multinational corporation clients in 2009, the Company provided services to some new, smaller domestic clients, which resulted in certain doubtful accounts. The Company decided to take a prudent approach by making additional allowance for doubtful accounts in the fourth quarter of 2009.

Income/Loss from Operations

Loss from operations for the fourth quarter of 2009 was US$15.2 million, as compared to income from operations of US$6.4 million in the same period one year ago and loss from operations of US$11.3 million in the previous quarter.

Adjusted loss from operations (non-GAAP) for the fourth quarter of 2009, which excluded share-based compensation expenses and amortization of acquired intangible assets, was US$12.8 million, compared to adjusted income from operations (non-GAAP) of US$8.7 million in the same period one year ago and adjusted loss from operations (non-GAAP) of US$8.7 million in the previous quarter. Adjusted operating margin (non-GAAP) for the fourth quarter of 2009, which excluded the effect of share-based compensation expenses and amortization of acquired intangible assets, was negative 29.0%, compared to 22.8% in the same period one year ago and negative 23.4% in the previous quarter.

Please refer to the attached table for a reconciliation of income/loss from operations under U.S. GAAP to adjusted income/loss from operations (non-GAAP).

Income Tax Benefit/Expense

Income tax benefit for the fourth quarter of 2009 was US$2.0 million, compared to income tax benefit of US$352,000 in the same period one year ago and income tax benefit of US$875,000 in the previous quarter.

Net Income/Loss Attributable to AirMedia's Shareholders

Net loss attributable to AirMedia's shareholders for the fourth quarter of 2009 was US$12.4 million, compared to net income attributable to AirMedia's shareholders of US$8.1 million in the same period one year ago and net loss attributable to AirMedia's shareholders of US$9.6 million in the previous quarter. The basic net loss attributable to AirMedia's shareholders per ADS for the fourth quarter of 2009 was US$0.19, compared to basic net income attributable to AirMedia's shareholders per ADS of US$0.12 in the same period one year ago and basic net loss attributable to AirMedia's shareholders per ADS of US$0.15 in the previous quarter. The diluted net loss attributable to AirMedia's shareholders per ADS for the fourth quarter of 2009 was US$0.19, compared to diluted net income attributable to AirMedia's shareholders per ADS of US$0.12 in the same period one year ago and diluted net loss attributable to AirMedia's shareholders per ADS of US$0.15 in the previous quarter.

Adjusted net loss attributable to AirMedia's shareholders (non-GAAP) for the fourth quarter of 2009, which is net loss attributable to AirMedia's shareholders excluding share-based compensation expenses and amortization of acquired intangible assets, was US$10.0 million, compared to adjusted net income attributable to AirMedia's shareholders (non-GAAP) of US$10.5 million in the same period one year ago and adjusted net loss attributable to AirMedia's shareholders (non-GAAP) of US$7.0 million in the previous quarter. Basic adjusted net loss attributable to AirMedia's shareholders per ADS (non-GAAP) for the fourth quarter of 2009 was US$0.15, compared to basic adjusted net income attributable to AirMedia's shareholders per ADS (non-GAAP) of US$0.16 in the same period one year ago and basic adjusted net loss attributable to AirMedia's shareholders per ADS (non-GAAP) of US$0.11 in the previous quarter. Diluted adjusted net loss attributable to AirMedia's shareholders per ADS (non-GAAP) for the fourth quarter of 2009 was US$0.15, compared to diluted adjusted net income attributable to AirMedia's shareholders per ADS (non-GAAP) of US$0.16 in the same period one year ago and diluted adjusted net loss attributable to AirMedia's shareholders per ADS (non-GAAP) of US$0.11 in the previous quarter.

Please refer to the attached table for a reconciliation of net loss/income attributable to AirMedia's shareholders and basic and diluted net loss/income attributable to AirMedia's shareholders per ADS under U.S. GAAP to adjusted net loss/income attributable to AirMedia's shareholders and basic and diluted adjusted net loss/income attributable to AirMedia's shareholders per ADS (non-GAAP).

Cash, Restricted Cash and Short-term Investments

Excluding restricted cash of US$1.4 million, cash and short-term investments totaled US$124.3 million as of December 31, 2009, compared to US$117.3 million as of September 30, 2009 and US$161.5 million as of December 31, 2008. The increase in cash and short-term investments from September 30, 2009 was primarily due to an increase in cash flow from operations.

  Fiscal Year 2009 Financial Results

  Revenues

Total revenues by product line (numbers in US$ 000's except for percentages):

                                    Year              Year
                                    Ended    % of     Ended    % of    Y/Y
                                  December  Total   December  Total   Growth
                                  31, 2009 Revenues 31, 2008 Revenues  rate
  Air Travel Media Network         152,428   99.9%   125,540  100.0%   21.4%
    Digital frames in airports      66,255   43.4%    45,011   35.9%   47.2%
    Digital TV screens in airports  37,260   24.4%    47,591   37.9%  -21.7%
    Digital TV screens on
     airplanes                      17,082   11.2%    19,227   15.3%  -11.2%
    Traditional media in airports   27,192   17.8%     6,490    5.2%  319.0%
    Other revenues in air travel     4,639    3.1%     7,221    5.7%  -35.8%
  Gas Station Media Network            102    0.1%        --      --     N/A
  Total revenues                   152,530  100.0%   125,540  100.0%   21.5%
  Net revenues                     149,428           119,433           25.1%

Total revenues for the fiscal year 2009 were US$152.5 million, representing a year-over-year increase of 21.5% from US$125.5 million in fiscal year 2008. The year-over-year increase was primarily due to the increases of revenues from digital frames in airports and traditional media in airports.

Revenues from digital frames in airports

Revenues from digital frames in airports for fiscal year 2009 increased by 47.2% year-over-year to US$66.3 million due to the increase in the number of time slots sold.

The number of time slots sold increased by 182.3% year-over-year to 26,983 time slots due to continued sales efforts and growing acceptance of AirMedia's digital frames. The number of airports where AirMedia operates digital frames was 31 at the end of 2009, up from 22 at the end of 2008. The number of time slots available for sale for fiscal year 2009 increased by 125.4% year-over-year to 109,455 time slots. The year-over-year increase in the number of time slots available for sale was primarily due to the increase in the number of airports in AirMedia's digital frame network. The utilization rate of digital frames for fiscal year 2009 increased by 5.0 percentage points to 24.7% due to the increase in the number of time slots sold.

The ASP of digital frames for fiscal year 2009 decreased by 47.9% year-over-year to US$2,455 due to higher discounts offered in 2009 than in 2008 and the change in the mix of the time slots sold. The number of time slots sold in the Beijing airport, which have significantly higher ASPs than those sold in other airports, accounted for a lower percentage of the total number of time slots sold in 2009 than in 2008 due to sales ramp-up in other airports.

Revenues from digital TV screens in airports

Revenues from digital TV screens in airports for fiscal year 2009 decreased by 21.7% year-over-year to US$37.3 million due to decreases in both the number of time slots sold and the ASP of digital TV screens in airports.

The number of time slots sold decreased by 12.2% year-over-year to 23,911 time slots primarily because advertisers shifted their budget allocations from our digital TV screens in airports to our other products, especially digital frames in airports. The number of time slots available for sale increased by 1.7% year-over-year to 102,322 time slots in 2009. Utilization rate of digital TV screens in airports decreased by 3.7 percentage points year-over-year to 23.4% primarily due to the decrease in time slots sold.

The ASP decreased by 10.9% year-over-year to US$1,558 primarily due to higher discounts offered in 2009.

Revenues from digital TV screens on airplanes

Revenues from digital TV screens on airplanes for fiscal year 2009 decreased by 11.2% year-over-year to US$17.1 million primarily due to a decrease in the number of time slots sold.

The number of time slots sold for fiscal year 2009 decreased by 12.9% year-over-year to 838 time slots primarily because advertisers shifted their budget allocations from our digital TV screens on airplanes to our other products, especially digital frames in airports. The number of time slots available for sale for fiscal year 2009 increased by 1.6% to 1,908 time slots due to additional advertising time on airplanes. Utilization rate for fiscal year 2009 decreased by 7.3 percentage points year-over-year to 43.9% due to the decrease in the number of time slots sold.

The ASP increased by 2.0% year-over-year to US$20,384 due to the change in the mix of time slots sold. The number of time slots sold on the three largest airlines, which have significantly higher ASPs than those sold on the other airlines, accounted for a slightly higher percentage in 2009 than in 2008.

Revenues from traditional media in airports

Revenues from traditional media in airports for fiscal year 2009 increased by 319.0% year-over-year to US$27.2 million. The year-over-year increase was primarily due to the commencement of operations of traditional media in the Beijing and Shenzhen airports in April 2009 and the full year operations of billboards and painted advertisements on gate bridges in certain airports and traditional media in the Wenzhou airport in 2009.

The number of locations sold for fiscal year 2009 was 1,271 locations. The number of locations available for fiscal year 2009 was 3,564 locations. The utilization rate of traditional media for fiscal year 2009 was 35.7%.

The ASP of traditional media in airports for fiscal year 2009 was US$21,394.

Please refer to "Summary of Selected Operating Data" for more operating data.

Business tax and other sales tax for fiscal year 2009 was US$3.1 million, representing a year-over-year decrease of 49.2% from US$6.1 million in fiscal year 2008 due to a significant increase in concession fees, which was deducted from total revenues when calculating business tax as permitted under applicable PRC tax law.

Net revenues for fiscal year 2009 were US$149.4 million, representing a year-over-year increase of 25.1% from US$119.4 million in fiscal year 2008.

Cost of Revenues

Cost of revenues for fiscal year 2009 was US$147.5 million, representing a year-over-year increase of 107.8% from US$71.0 million in fiscal year 2008 due to increases in concession fees and other components of cost of revenues. Cost of revenues as a percentage of net revenues in fiscal year 2009 increased to 98.7% from 59.4% in fiscal year 2008.

Concession fees for fiscal year 2009 were US$110.1 million, representing a year-over-year increase of 141.0% from US$45.7 million in fiscal year 2008 due to additional new concession contracts signed in 2009. Concession fees as a percentage of net revenues in fiscal year 2009 increased to 73.7% from 38.2% in fiscal year 2008 because concession fees were fixed once concession rights contracts were entered into, while revenues generated from newly signed concession rights contracts need time to ramp up.

Gross Profit

Gross profit for fiscal year 2009 was US$1.9 million, representing a year-over-year decrease of 96.1% from US$48.4 million in fiscal year 2008.

Gross profit as a percentage of net revenues for fiscal year 2009 was 1.3%, down from 40.6% in fiscal year 2008. The decrease in gross profit as a percentage of net revenues was primarily due to the increase in concession fees.

  Operating Expenses

  Operating expenses (numbers in US$ 000's except for percentages):

                                          Year   % of    Year   % of
                                         Ended    Net   Ended    Net    Y/Y
                                         Decem   Reve   Decem   Reve   Grow
                                          -ber  -nues    -ber  -nues    -th
                                       31, 2009       31, 2008         rate
  Selling and marketing expenses        13,439   9.0%  10,171   8.5%  32.1%
  General and administrative expenses   25,597  17.1%  14,374  12.0%  78.1%
  Total operating expenses              39,036  26.1%  24,545  20.6%  59.0%
  Adjusted operating expenses (non-
   GAAP)                                30,657  20.5%  18,412  15.4%  66.5%

Total operating expenses for fiscal year 2009 were US$39.0 million, representing a year-over-year increase of 59.0% from US$24.5 million in fiscal year 2008.

Total operating expenses for fiscal year 2009 included share-based compensation expenses of US$5.8 million, compared to US$5.0 million in fiscal year 2008. Adjusted operating expenses (non-GAAP) for fiscal year 2009, which excluded share-based compensation expenses and amortization of acquired intangible assets, were US$30.7 million, representing a year-over-year increase of 66.5% from US$18.4 million in fiscal year 2008. Adjusted operating expenses as a percentage of net revenues (non-GAAP) in fiscal year 2009 was 20.5%, compared to 15.4% in fiscal year 2008.

Selling and marketing expenses for fiscal year 2009 were US$13.4 million, including US$1.5 million of share-based compensation expenses. This represented a year-over-year increase of 32.1% from US$10.2 million in fiscal year 2008, primarily due to higher expenses related to expansion of the direct sales force and increased share-based compensation expenses.

General and administrative expenses for fiscal year 2009 were US$25.6 million, including $4.2 million of share-based compensation expenses. This represented a year-over-year increase of 78.1% from US$14.4 million in fiscal year 2008 primarily due to higher bad-debt provisions, increased amortization of acquired intangible assets, headcount increase, higher professional fees, increased expenses of office and utilities, and increased share-based compensation expenses.

Income/Loss from Operations

Loss from operations for fiscal year 2009 was US$37.1 million, compared to income from operations of US$23.9 million in fiscal year 2008.

Adjusted loss from operations (non-GAAP) for fiscal year 2009, which excluded share-based compensation expenses and amortization of acquired intangible assets, was US$28.8 million, compared to adjusted income from operations (non-GAAP) of US$30.0 million in fiscal year 2008. Adjusted operating margin (non-GAAP) for fiscal year 2009, which excluded the effect of share-based compensation expenses and amortization of acquired intangible assets, was negative 19.3%, compared to 25.1% in fiscal year 2008.

Please refer to the attached table for a reconciliation of income/loss from operations under U.S. GAAP to adjusted income/loss from operations (non-GAAP).

Income Tax Benefit

Income tax benefit for fiscal year 2009 was US$3.7 million, compared to income tax benefit of US$498,000 in fiscal year 2008.

Net Income/Loss Attributable to AirMedia's Shareholders

Net loss attributable to AirMedia's shareholders for fiscal year 2009 was US$30.2 million, compared to net income attributable to AirMedia's shareholders of US$30.2 million in fiscal year 2008. Basic net loss attributable to AirMedia's shareholders per ADS for fiscal year 2009 was US$0.46, compared to basic net income attributable to AirMedia's shareholders per ADS of US$0.45 in fiscal year 2008. Diluted net loss attributable to AirMedia's shareholders per ADS for fiscal year 2009 was US$0.46, compared to diluted net income attributable to AirMedia's shareholders per ADS of US$0.44 in fiscal year 2008.

Adjusted net loss attributable to AirMedia's shareholders (non-GAAP) for fiscal year 2009, which excluded share-based compensation expenses and amortization of acquired intangible assets, was US$21.9 million, compared to Adjusted net income attributable to AirMedia's shareholders of  (non-GAAP) of US$36.3 million in fiscal year 2008. Basic adjusted net loss attributable to AirMedia's shareholders per ADS (non-GAAP) for fiscal year 2009 was US$0.33, compared to basic adjusted net income attributable to AirMedia's shareholders per ADS (non-GAAP) of US$0.54 in fiscal year 2008. Diluted adjusted net loss attributable to AirMedia's shareholders per ADS (non-GAAP) for fiscal year 2009 was US$0.33, compared to diluted adjusted net income attributable to AirMedia's shareholders per ADS (non-GAAP) of US$0.53 in fiscal year 2008.

Please refer to the attached table for a reconciliation of net loss/income attributable to AirMedia's shareholders and basic and diluted net loss/income attributable to AirMedia's shareholders per ADS under U.S. GAAP to adjusted net loss/income attributable to AirMedia's shareholders and basic and diluted adjusted net loss/income attributable to AirMedia's shareholders per ADS (non-GAAP).

ADS Repurchases

On December 29, 2008, AirMedia's board of directors authorized AirMedia to repurchase up to US$50 million worth of its own outstanding ADSs throughout 2009. As of December 31, 2009, the aggregate number of ADSs AirMedia has repurchased on the open market is 1,646,502 ADSs for a total consideration of US$7.4 million. The ADS repurchase program expired on December 31, 2009.

Management Announcement

Mr. Conor Yang, AirMedia's chief financial officer, tendered his resignation as chief financial officer of the Company for personal reasons, effective March 10, 2010. Mr. Yang will serve as AirMedia's consultant to continue contributing his knowledge and expertise to the Company. AirMedia's board of directors has appointed Mr. Xiaoya Zhang, its director and president, as interim chief financial officer of the Company, effective March 10, 2010. The Company has initiated the search for a new chief financial officer.

Other Recent Developments

Starting from the fourth quarter of 2009, AirMedia has terminated the operation of certain unprofitable media in several airports, including some of the traditional media in Beijing Capital International Airport. The dropping of these unprofitable media is expected to reduce our concession fees by approximately US$11.3 million in 2010. Most of those dropped media had previously not been sold out, nor had they made meaningful contribution to revenues. After the revision of the original concession rights contract, AirMedia still operates a substantial portion of the traditional media in the Beijing airport.

AirMedia increased its listing prices of various media in the first quarter of 2010 and the fourth quarter of 2009. Starting from January 2010, AirMedia increased the listing prices of its TV-attached digital frames in the Beijing and Guangzhou airports by 20% to 30%. Also starting from January 2010, AirMedia increased its listing prices of digital TV screens on Air China's airplanes by 20%. Starting from October 2009, AirMedia increased the length of advertising cycle of its digital frames in Shanghai's two airports, and decreased the frequencies of the advertising, which resulted in an over 60% increase in their effective listing prices. Starting from October 2009, AirMedia increased the listing prices of its mega-size LEDs in the Guangzhou airport by approximately 38%. Starting from October 2009, AirMedia increased the listing prices of its stand-alone digital frames in the Chengdu Airport by over 30%. Starting from September 25, 2009, AirMedia increased the length of advertising cycle of its 108 digital frames in the Beijing and Guangzhou airports, which resulted in a 33% increase in their effective listing prices.

On February 4, 2010, AirMedia commenced operations of 20 newly installed 70-inch stand-alone digital frames in Harbin Taiping International Airport, which expanded AirMedia's digital frame network to 32 airports, including all of the 15 largest airports in China.

On January 6, 2010, AirMedia separately entered into definitive agreements to acquire 100% of the equity interest in Easy Shop Ltd. and 90% of the equity interest in Beijing AirMedia City Outdoor Advertising Co., Ltd., with total consideration of US$13.9 million. The transactions were closed in the first quarter of 2010. After the completion of the transactions, AirMedia now holds 100% equity interest in Beijing AirMedia City Outdoor Advertising Co., Ltd. The transactions enable AirMedia to operate 38 unipole signs and other outdoor media across Beijing.

On October 21, 2009, AirMedia entered into a definitive agreement, with total consideration of US$0.7 million, to acquire 30% of the equity interest in Beijing Dongding Media Co., Ltd., which has exclusive rights obtained from the Fire Department of the Beijing Municipal Public Security Bureau to build and operate thousands of billboards for public service advertising in various locations across Beijing until July 31, 2014. Part of each billboard can be used for commercial advertisements. The transaction was closed in the fourth quarter of 2009. On January 6, 2010, AirMedia entered into a separate definitive agreement, with total consideration of US$0.9 million, to acquire an additional 45% of the equity interest in Beijing Dongding Media Co., Ltd. The transaction was closed in the first quarter of 2010.

On December 24, 2009, AirMedia commenced operations of eight newly installed 70-inch stand-alone digital frames in Guiyang Longdongbao Airport. Previously, AirMedia only operated TV-attached digital frames in the Guiyang airport.

On December 19, 2009, AirMedia commenced operations of 40 newly installed TV-attached digital frames in Guangzhou Baiyun International Airport, which increased the number of its TV-attached digital frames in the Guangzhou airport to 155.

Business Outlook

Including the newly acquired companies, AirMedia currently expects that its total revenues for the first quarter of 2010 will range from US$48.0 million to US$51.0 million, representing a year-over-year increase of 46.4% to 55.6% from the same period in 2009. Excluding the newly acquired companies, AirMedia currently expects that its total revenues for the first quarter of 2010 will range from US$45.4 million to US$48.4 million, representing a year-over-year increase of 38.5% to 47.6% from the same period in 2009.

AirMedia currently expects that concession fees will be at least US$33.4 million in the first quarter of 2010, including US$2.2 million in concession fees for the newly acquired Beijing AirMedia City Outdoor Advertising Co., Ltd. The anticipated quarter-over-quarter decrease in concession fees is primarily attributable to the fact that penalties for terminating the operations of some unprofitable media were already recognized in the fourth quarter of 2009 and the drop of some unprofitable media in several airports, which is offset primarily by the increase in the concession fees associated with outdoor advertising platform in some additional Sinopec service stations, concession fees to be incurred by the newly acquired Beijing AirMedia City Outdoor Advertising Co., Ltd., and concession fee commitments under additional concession rights contracts expected to be entered into in the near future.

The above forecast reflects AirMedia's current and preliminary view and is therefore subject to change. Please refer to our Safe Harbor Statement for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

  Summary of Selected Operating Data

                             Quarter    Quarter    Quarter
                              Ended      Ended      Ended     Y/Y     Q/Q
                            December   September  December   Growth  Growth
                            31, 2009   30, 2009   31, 2008    Rate    Rate
  Digital frames in
   airports
    Number of airports in
     operation                     31         31         22   40.9%    0.0%
    Number of time slots
     available for sale (2)    30,290     28,918     19,779   53.1%    4.7%
    Number of time slots
     sold (3)                   9,724      8,187      4,617  110.6%   18.8%
    Utilization rate (4)        32.1%      28.3%      23.3%    8.8%    3.8%
    Average advertising
     revenue per time slot
     sold (5)                US$2,126   US$2,084   US$3,732  -43.0%    2.0%

  Digital TV screens in
   airports
    Number of airports in
     operation                     40         40         41   -2.4%    0.0%
    Number of time slots
     available for sale (1)    25,629     25,629     25,668   -0.2%    0.0%
    Number of time slots
     sold (3)                   4,062      5,659      5,711  -28.9%  -28.2%
    Utilization rate (4)        15.8%      22.1%      22.2%   -6.4%   -6.2%
    Average advertising
     revenue per time slot
     sold (5)                US$1,847   US$1,487   US$1,994   -7.4%   24.2%

  Digital TV screens on
   airplanes
    Number of airlines in
     operation                      9          9          9    0.0%    0.0%
    Number of time slots
     available for sale (1)       450        450        486   -7.4%    0.0%
    Number of time slots
     sold (3)                     274        213        196   39.8%   28.6%
    Utilization rate (4)        60.9%      47.3%      40.3%   20.6%   13.6%
    Average advertising
     revenue per time slot
     sold (5)               US$22,887  US$19,028  US$21,056    8.7%   20.3%

  Traditional Media in
   airports
  Numbers of locations
   available for sale (6)         864      1,006        N/A     N/A  -14.1%
  Numbers of locations sold
   (7)                            358        359        N/A     N/A   -0.3%
  Utilization rate (8)          41.4%      35.7%        N/A     N/A    5.7%
  Average advertising
   revenue per location (9) US$28,532  US$20,344        N/A     N/A   40.2%

                                         Year Ended   Year Ended
                                        December 31, December 31, Y/Y Growth
                                               2009         2008     Rate
  Digital frames in airports
    Number of airports in operation              31           22     40.9%
    Number of time slots available for
     sale (2)                               109,455       48,570    125.4%
    Number of time slots sold (3)            26,983        9,559    182.3%
    Utilization rate (4)                      24.7%        19.7%      5.0%
    Average advertising revenue per
     time slot sold (5)                    US$2,455     US$4,709    -47.9%

  Digital TV screens in airports
    Number of airports in operation              40           41     -2.4%
    Number of time slots available for
     sale (1)                               102,322      100,624      1.7%
    Number of time slots sold (3)            23,911       27,223    -12.2%
    Utilization rate (4)                      23.4%        27.1%     -3.7%
    Average advertising revenue per
     time slot sold (5)                    US$1,558     US$1,748    -10.9%

  Digital TV screens on airplanes
    Number of airlines in operation               9            9      0.0%
    Number of time slots available for
     sale (1)                                 1,908        1,878      1.6%
    Number of time slots sold (3)               838          962    -12.9%
    Utilization rate (4)                      43.9%        51.2%     -7.3%
    Average advertising revenue per
     time slot sold (5)                   US$20,384    US$19,992      2.0%

  Traditional Media in airports
  Numbers of locations available for
   sale (6)                                   3,564          N/A       N/A
  Numbers of locations sold (7)               1,271          N/A       N/A
  Utilization rate (8)                        35.7%          N/A       N/A
  Average advertising revenue per
   location (9)                           US$21,394          N/A       N/A

  Notes:

  (1) We define a time slot as a 30-second equivalent advertising time unit
      for digital TV screens in airports and digital TV screens on airplanes,
      which is shown during each advertising cycle on a weekly basis in a
      given airport or on a monthly basis on the routes of a given airline,
      respectively. Our airport advertising programs are shown repeatedly on
      a daily basis during a given week in one-hour cycles and each hour of
      programming includes 25 minutes of advertising content, which allows
      us to sell a maximum of 50 time slots per week. The number of time
      slots available for our digital TV screens in airports during the
      period presented is calculated by multiplying the time slots per week
      per airport by the number of weeks during the period presented when we
      had operations in each airport and then calculating the sum of all the
      time slots available for each of our network airports. The length of
      our in-flight programs typically ranges from approximately 45 minutes
      to an hour per flight, approximately five to 13 minutes of which
      consist of advertising content. The number of time slots available for
      our digital TV screens on airplanes during the period presented is
      calculated by multiplying the time slots per airline per month by the
      number of months during the period presented when we had operations on
      each airline and then calculating the sum of all the time slots for
      each of our network airlines.
  (2) We define a time slot as a 12-second equivalent advertising time unit
      for digital frames in airports, which is shown during each standard
      advertising cycle on a weekly basis in a given airport. Our standard
      airport advertising programs are shown repeatedly on a daily basis
      during a given week in 10-minute cycles, which allows us to sell a
      maximum of 50 time slots per week. The length of time slot and
      advertising program cycle of some digital frames in several airports
      are different from standard ones. The number of time slots available
      for our digital frames in airports during the period presented is
      calculated by multiplying the time slots per week per airport by the
      number of weeks during the period presented when we had operations in
      each airport and then calculating the sum of all the time slots
      available for each of our network airports.
  (3) Number of time slots sold refers to the number of 30-second equivalent
      advertising time units for digital TV screens in airports and digital
      TV screens on airplanes or 12-second equivalent advertising time units
      for digital frames in airports sold during the period presented.
  (4) Utilization rate refers to total time slots sold as a percentage of
      total time slots available for sale during the relevant period.
  (5) Average advertising revenue per time slot sold for digital TV screens
      in airports, digital TV screens on airplanes and digital frames in
      airports is calculated by dividing our revenues derived from digital
      TV screens in airports, digital TV screens on airplanes and digital
      frames in airports by its own number of time slots sold, respectively.
  (6) We define the number of locations available for sale in traditional
      media as the sum of (i) the number of light boxes and billboards in
      Beijing, Shenzhen, Wenzhou and certain other airports (light boxes and
      billboards), and (ii) the number of gate bridges in 10 airports (gate
      bridges).
  (7) The number of locations sold is defined as the sum of (i) the number
      of light boxes and billboards sold and (ii) the number of gate bridges
      sold. To calculate the number of light boxes and billboards sold in a
      given airport, we first calculate the "utilization rates of light
      boxes and billboards" in such airport by dividing the "total value of
      light boxes and billboards sold" in such airport by the "total value
      of light boxes and billboards" in such airport. The "total value of
      light boxes and billboards sold" in a given airport is calculated as
      the daily listing prices of each light boxes and billboards sold
      multiplied by their respective number of days sold during the period
      presented. The "total value of light boxes and billboards" in a given
      airport is calculated as the sum of quarterly listing prices of all
      the light boxes and billboards during the period presented. The number
      of light boxes and billboards sold in a given airport is then
      calculated as the number of light boxes and billboards available for
      sale in such airport multiplied by the utilization rates of light
      boxes and billboards in such airport. The number of gate bridges sold
      in a given airport is counted based on the contracts.
  (8) Utilization rate refers to total locations sold as a percentage of
      total locations available for sale during the period presented.
  (9) Average advertising revenue per location sold is calculated by
      dividing the revenues derived from all the locations sold by the
      number of locations sold during the period presented.

  Earnings Conference Call Details

AirMedia will hold a conference call to discuss the fourth quarter 2009 earnings at 8:00 PM U.S. Eastern Time on March 1, 2010 (5:00 PM U.S. Pacific Time on March 1, 2010; 9:00 AM Beijing/Hong Kong time on March 2, 2010). AirMedia's management team will be on the call to discuss financial results and operational highlights and answer questions.

  Conference Call Dial-in Information

  U.S.:          +1 866 700 0161
  U.K.:          +44 207 365 8426
  Hong Kong:     +852 3002 1672
  International: +1 617 213 8832
  Pass code:     AMCN

A replay of the call will be available for 1 week between 10:00 p.m. on March 1, 2010 and 10:00 p.m. on March 8, 2010, Eastern Time.

  Replay Dial-in Information

  U.S.:          +1 888 286 8010
  International: +1 617 801 6888
  Pass code:     45528374

Additionally, a live and archived webcast of this call will be available on the Investor Relations section of AirMedia's corporate website at http://ir.airmedia.net.cn/ .

Use of Non-GAAP Financial Measures

AirMedia's management uses non-GAAP financial measures to gain an understanding of AirMedia's comparative operating performance and future prospects. AirMedia's non-GAAP financial measures exclude certain special items, including (1) share-based compensation expenses, and (2) amortization of acquired intangible assets. Non-GAAP financial measures are used by AirMedia's management in their financial and operating decision-making, because management believes they reflect AirMedia's ongoing business and operating performance in a manner that allows meaningful period-to-period comparisons. AirMedia's management believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating AirMedia's operating performance in the same manner as management does, if they so choose. Specifically, AirMedia believes the non-GAAP financial measures provide useful information to both management and investors by excluding certain charges that we believe are not indicative of our core operating results.

The non-GAAP financial measures have limitations. They do not include all items of income and expense that affect AirMedia's income from operations. Specifically, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and, with respect to the non-GAAP financial measures that exclude certain items under GAAP, do not reflect any benefit that such items may confer to AirMedia. Management compensates for these limitations by also considering AirMedia's financial results as determined in accordance with GAAP. The presentation of this additional information is not meant to be considered superior to, in isolation from or as a substitute for results prepared in accordance with US GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliation of GAAP Income/(Loss) and EPS and non-GAAP Adjusted Income/(Loss) and EPS" set forth at the end of this release.

About AirMedia Group Inc.

AirMedia Group Inc. (NASDAQ:AMCN) is a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers. AirMedia operates the largest digital media network in China dedicated to air travel advertising. AirMedia operates digital TV screens in 40 major airports, including 29 out of the 30 largest airports in China. AirMedia also operates digital frames in 32 major airports, including the 15 largest airports in China. In addition, AirMedia sells advertisements on the routes operated by eight airlines, including the three largest airlines in China. In selected major airports, AirMedia also operates traditional media platforms, such as billboards, light boxes and other digital media, such as mega LED screens.

In addition, AirMedia has obtained exclusive contractual concession rights until the end of 2014 to develop and operate outdoor advertising platforms at Sinopec's service stations located throughout China. AirMedia plans to install its advertising platforms in at least 3,500 service stations in major cities throughout China by the end of 2011, and in at least 8,000 service stations by the end of 2014.

For more information about AirMedia, please visit http://www.airmedia.net.cn/ .

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "confident" and similar statements. Among other things, the Business Outlook section and the quotations from management in this announcement, as well as AirMedia Group Inc.'s strategic and operational plans, contain forward-looking statements. AirMedia may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about AirMedia's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to: if advertisers or the viewing public do not accept, or lose interest in, our air travel advertising network, we may be unable to generate sufficient cash flow from our operating activities and our prospects and results of operations could be negatively affected; we derive substantially all of our revenues from the provision of air travel advertising services, and recent slowdown in the air travel advertising industry in China may materially and adversely affect our revenues and results of operation; our strategy of expanding our advertising network by expanding into traditional media and building new media platforms may not succeed, and our failure to do so could materially reduce the attractiveness of our network and harm our business, reputation and results of operations; if our customers reduce their advertising spending due to an economic downturn in China and/or elsewhere or for any other reason, our revenues and results of operations may be materially and adversely affected; we face risks related to health epidemics such as the H1N1 flu, which could materially and adversely affect air travel and result in reduced demand for our advertising services or disrupt our operations; if we are unable to retain existing concession rights contracts or obtain new concession rights contracts on commercially advantageous terms that allow us to operate our advertising platforms, we may be unable to maintain or expand our network coverage and our business and prospects may be harmed; a significant portion of our revenues has been derived from the five largest airports and three largest airlines in China, and if any of these airports or airlines experiences a material business disruption, our ability to generate revenues and our results of operations would be materially and adversely affected; our limited operating history makes it difficult to evaluate our future prospects and results of operations; and other risks outlined in AirMedia's filings with the U.S. Securities and Exchange Commission. AirMedia does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

  For further information, please contact:

  AirMedia Group Inc.
   Raymond Huang
   Investor Relations Director
   Tel:   +86-10-8460-8678
   Email: [email protected]

  IR Inside
   Caroline Straathof
   Tel:   +31-6-54624301
   Email: [email protected]

  AirMedia Group Inc.
  UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
  (In U.S. dollars in thousands)

                                             December 31,      December 31,
                                                    2009              2008
                                                             as adjusted(1)
  ASSETS:
  Current Assets:
  Cash                                           123,754           161,534
  Restricted cash                                  1,431                --
  Short-term investments                             586                --
  Accounts receivable, net                        49,358            38,386
  Prepaid concession fees                         15,425            32,706
  Amount due from related party                    5,991                --
  Other current assets                             4,069             7,830
  Deferred tax assets - current                    1,358               380
  Total current assets                           201,972           240,836
  Acquired intangible assets, net                 11,141             9,027
  Property and equipment, net                     78,831            62,443
  Long-term deposits                              15,914            14,724
  Long-term investments                            1,984             1,099
  Deferred tax assets - non-current                4,726             1,762
  Goodwill                                         9,087                --
  Total Assets                                   323,655           329,891
  LIABILITIES AND SHAREHOLDERS EQUITY
  Current Liabilities:
  Accounts payable                                30,680            15,696
  Accrued expenses and other current
   liabilities                                     7,136             5,664
  Deferred revenue                                 8,941             2,929
  Income tax payable                                  52               852
  Amounts due to related parties                     408               408
  Total current liabilities                       47,217            25,549
  Deferred tax liability - non-current             3,155             2,659
  Total liabilities                               50,372            28,208
  Shareholders' equity
  Ordinary shares                                    132               134
  Additional paid-in capital                     268,542           268,881
  Statutory reserve                                6,912             5,593
  Accumulated (deficit)/earnings                 (15,484)           16,070
  Accumulated other comprehensive
   income                                          9,947            10,054
  Total AirMedia Group Inc.'s
   shareholders' equity                          270,049           300,732
  Noncontrolling  interest                         3,234               951
  Total shareholders' equity                     273,283           301,683
  Total Liabilities and Shareholders'
   Equity                                        323,655           329,891

  (1) Amount in relation to noncontrolling interest, formerly named
  minority interest, as of December 31, 2008 is reclassified in accordance
  with ASC 810 (formerly FASB Statement No. 160, Noncontrolling Interest),
  which was adopted by the Company on January 1, 2009.

  AirMedia Group Inc.
  UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
  (In U.S. dollars in thousands, except share and ADS related data)

                                               Three Months Ended
                                         December    September     December
                                         31, 2009     30, 2009     31, 2008
                                                                       as
                                                                 adjusted(1)
  Revenues                                 45,199       37,726       40,462
  Business tax and other sales tax           (943)        (552)      (2,272)
  Net revenues                             44,256       37,174       38,190
  Cost of revenues                         47,070       37,802       23,280
  Gross profit/(loss                       (2,814)        (628)      14,910
  Operating expenses:
    Selling and marketing *                 4,121        3,607        3,341
    General and administrative *            8,274        7,034        5,195
  Total operating expenses                 12,395       10,641        8,536
  Income/(loss) from operations           (15,209)     (11,269)       6,374
  Interest income                             521          351        1,216
  Other income, net                           283          582          438
  Income/(loss) before income taxes       (14,405)     (10,336)       8,028
  Income tax expense/(benefit)             (2,046)        (875)        (352)
  Net income/(loss) before net
   income/(loss) of equity accounting
   investment                             (12,359)      (9,461)       8,380
  Net income/(loss) of equity
   accounting investment                       32           52           23
  Net income/(loss)                       (12,327)      (9,409)       8,403
  Less: Net income/(loss)
   attributable to noncontrolling
   interest                                    84          168          275
  Net income/(loss) attributable to
   AirMedia Group Inc.'s shareholders     (12,411)      (9,577)       8,128
  Net income/(loss) attributable to
   AirMedia Group Inc.'s shareholders
   per ordinary share
  Basic                                     (0.09)       (0.07)        0.06
  Diluted                                   (0.09)       (0.07)        0.06
  Net income/(loss) attributable to
   AirMedia Group Inc.'s shareholders
   per ADS
  Basic                                     (0.19)       (0.15)        0.12
  Diluted                                   (0.19)       (0.15)        0.12
  Weighted average ordinary shares
   outstanding used  in computing net
   income/(loss) per ordinary share -
   basic                              131,107,092  130,833,410  133,820,539
  Weighted average ordinary shares
   outstanding used  in computing net
   income/(loss) per ordinary share -
   diluted                            131,107,092  130,833,410  134,608,724
  * Share-based compensation charges
   included are as follow:
    Selling and marketing                     523          499          407
    General and administrative              1,271        1,237        1,312

                                                   Year Ended
                                             December 31,      December 31,
                                                    2009              2008
                                                             as adjusted(1)
  Revenues                                       152,530           125,540
  Business tax and other sales tax                (3,102)           (6,107)
  Net revenues                                   149,428           119,433
  Cost of revenues                               147,541            70,995
  Gross profit/(loss                               1,887            48,438
  Operating expenses:
    Selling and marketing *                       13,439            10,171
    General and administrative *                  25,597            14,374
  Total operating expenses                        39,036            24,545
  Income/(loss) from operations                  (37,149)           23,893
  Interest income                                  2,025             5,379
  Other income, net                                1,239             1,135
  Income/(loss) before income taxes              (33,885)           30,407
  Income tax expense/(benefit)                    (3,697)             (498)
  Net income/(loss) before net
   income/(loss) of equity accounting
   investment                                    (30,188)           30,905
  Net income/(loss) of equity
   accounting investment                             164              (325)
  Net income/(loss)                              (30,024)           30,580
  Less: Net income/(loss) attributable
   to noncontrolling interest                        211               382
  Net income/(loss) attributable to
   AirMedia Group Inc.'s shareholders            (30,235)           30,198
  Net income/(loss) attributable to
   AirMedia Group Inc.'s shareholders
   per ordinary share
  Basic                                            (0.23)             0.23
  Diluted                                          (0.23)             0.22
  Net income/(loss) attributable to
   AirMedia Group Inc.'s shareholders
   per ADS
  Basic                                            (0.46)             0.45
  Diluted                                          (0.46)             0.44
  Weighted average ordinary shares
   outstanding used  in computing net
   income/(loss) per ordinary share -
   basic                                     131,320,730       133,603,419
  Weighted average ordinary shares
   outstanding used  in computing net
   income/(loss) per ordinary share -
   diluted                                   131,320,730       137,782,135
  * Share-based compensation charges
   included are as follow:
    Selling and marketing                          1,540             1,158
    General and administrative                     4,226             3,805

  (1) Amount in relation to noncontrolling interest, formerly named minority
   interest, for the three-month period ended December 31, 2008 is
   reclassified in accordance with ASC 810 (formerly FASB Statement No. 160,
   Noncontrolling Interest), which was adopted by the Company on January 1,
   2009.

  AirMedia Group Inc.
  RECONCILIATION OF GAAP NET INCOME (LOSS) AND EPS TO NON-GAAP ADJUSTED NET
  INCOME (LOSS) AND EPS
  (In U.S. dollars in thousands, except share and ADS related data)

                                               Three Months Ended
                                         December    September     December
                                         31, 2009     30, 2009     31, 2008
  GAAP net income/(loss) attributable
   to AirMedia. Group Inc.'s
   shareholders                           (12,411)      (9,577)       8,128
  Amortization of acquired intangible
   assets                                     570          834          605
  Share-based compensation                  1,794        1,736        1,719

  Adjusted net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders (non-GAAP)         (10,047)      (7,007)      10,452

  Adjusted net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders per share
   (non-GAAP)
  Basic                                     (0.08)       (0.05)        0.08
  Diluted                                   (0.08)       (0.05)        0.08

  Adjusted net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders per ADS (non-
   GAAP)
  Basic                                     (0.15)       (0.11)        0.16
  Diluted                                   (0.15)       (0.11)        0.16

  Shares used in computing adjusted
   basic net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders per share
   (non-GAAP)                         131,107,092  130,833,410  133,820,539
  Shares used in computing adjusted
   diluted net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders per share
   (non-GAAP)                         131,107,092  130,833,410  134,608,724

                                             Year Ended
                                         December     December
                                         31, 2009     31, 2008
  GAAP net income/(loss) attributable
   to AirMedia. Group Inc.'s
   shareholders                           (30,235)      30,198
  Amortization of acquired intangible
   assets                                   2,613        1,170
  Share-based compensation                  5,766        4,963

  Adjusted net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders (non-GAAP)         (21,856)      36,331

  Adjusted net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders per share
   (non-GAAP)
  Basic                                     (0.17)        0.27
  Diluted                                   (0.17)        0.26

  Adjusted net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders per ADS (non-
   GAAP)
  Basic                                     (0.33)        0.54
  Diluted                                   (0.33)        0.53

  Shares used in computing adjusted
   basic net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders per share
   (non-GAAP)                         131,320,730  133,603,419
  Shares used in computing adjusted
   diluted net income/(loss)
   attributable to AirMedia. Group
   Inc.'s shareholders per share
   (non-GAAP)                         131,320,730  137,782,135

  Note: The Non-GAAP adjusted net income per share and per ADS are computed
        using Non-GAAP net adjusted income and number of shares and ADSs
        used in GAAP basic and diluted EPS calculation, where the number of
        shares and ADSs is adjusted for dilution due to share-based
        compensation plan.

  AirMedia Group Inc.
  RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP ADJUSTED OPERATING
  EXPENSES
  (In U.S. dollars in thousands, except for percentages)

                                        Three Months Ended      Year Ended
                                       Decem  Septem  Decem   Decem   Decem
                                        -ber    -ber   -ber    -ber    -ber
                                          31,     30,    31,     31,     31,
                                        2009    2009   2008    2009    2008

  GAAP operating expenses             12,395  10,641  8,536  39,036  24,545
  Amortization of acquired intangible
   assets                                570     834    605   2,613   1,170
  Share-based compensation             1,794   1,736  1,719   5,766   4,963

  Adjusted operating expenses (non-
   GAAP)                              10,031   8,071  6,212  30,657  18,412

  Adjusted operating expenses as a
   percentage of net revenues (non-
   GAAP)                               22.7%   21.7%  16.3%   20.5%   15.4%

  AirMedia Group Inc.
  RECONCILIATION OF GAAP INCOME (LOSS) FROM OPERATIONS TO NON-GAAP ADJUSTED
  INCOME (LOSS) FROM OPERATIONS
  (In U.S. dollars in thousands, except for percentages)

                                      Three Months Ended      Year Ended
                                     Decem   Septem  Decem    Decem   Decem
                                      -ber     -ber   -ber     -ber    -ber
                                        31,      30,    31,      31,     31,
                                      2009     2009   2008     2009    2008

  Income/(loss) from operations    (15,209) (11,269) 6,374  (37,149) 23,893
  Amortization of acquired
   intangible assets                   570      834    605    2,613   1,170
  Share-based compensation           1,794    1,736  1,719    5,766   4,963

  Adjusted Income/(loss) from
   operations (non-GAAP)           (12,845)  (8,699) 8,698  (28,770) 30,026

  Adjusted Operating margin (non-
   GAAP)                             -29.0%   -23.4%  22.8%   -19.3%   25.1%

Source: AirMedia Group Inc.
   

CONTACT: Raymond Huang, Investor Relations Director of AirMedia Group,
Inc., +86-10-8460-8678, [email protected], IR Inside, Caroline Straathof,
+31-6-54624301, [email protected]

Web site: http://www.airmedia.net.cn/

Families Seek Vivos Shelters for Future Catastrophes

DEL MAR, Calif., March 1 -- Millions of people believe that we are living in the "end times." Many are looking for a solution to survive future Earth devastating events, with the belief that eventually, our planet will realize a widespread, devastating catastrophe, be it manmade or a cyclical force of nature.  A visionary company, located in California, recognized this pent-up demand and has created Vivos shelters as a long-term solution for non-government citizens to survive any apocalypse.  Vivos is being marketed on the company's website (http://www.terravivos.com/) as the ultimate life assurance that will always be there, even on short notice.  Vivos is making headway, now with its first bunker located between Los Angeles and Las Vegas, along with hundreds of applications for membership from a diverse group of private citizens ranging from physicians to retired military personnel, all of whom are greatly concerned about their families' survival.

Robert Vicino (http://tr.im/QhcG), founder of Vivos, states: "The Vivos complexes are deep-underground, airtight, fully self-contained shelters designed to survive virtually any catastrophe or threat scenario including: natural disasters, a nuclear blast, chemical and biological weapons, or even widespread social anarchy." As dramatized in an animated walk-through video (http://tr.im/PUYT), each self-contained shelter complex will comfortably accommodate a diverse community of 200 people, in spacious quarters, for up to one year of autonomous survival, to ride out the potential events. Every detail has been considered and planned for.  Members need to only arrive before their facility is sealed and secured, be that in 2012 or beyond.

The Vivos underground shelter complexes (http://tr.im/QhdY) have been engineered by a team of experts to withstand a 50 megaton blast, within 10 miles, and virtually any other force that either nature or mankind may create. The primary Vivos design is based on a spoke cluster, with 10 radiating living compartments surrounding a 2-story, 60 foot diameter central dome.  The complex provides a large community gathering area and semi-private quarters for comfortable and spacious, long-term accommodations.

"At complete build out, our goal is to have 20 Vivos shelters located (http://tr.im/QheC) across the United States, accommodating up to 3,600 people, each strategically located within 150 to 200 miles of virtually every major metro area," Vicino added.

Reportedly, Vivos is the only deeded, privately co-owned shelter network on Earth.  The company points out that a tremendous benefit to shelters of the Vivos' scale is the opportunity for a true community of people, with a diverse set of skills and abilities, all supporting one another, versus the lonely existence of a small survival group in a typically vulnerable and claustrophobic backyard bunker.

Every consideration has been made for the overall comfort and survival of the Vivos community. Each shelter is totally self-sufficient, with deep water wells, NBC air filtration, redundant power generation, fuel storage, septic systems, survival equipment and supplies, appropriate security measures, an abundant supply of freeze dried foods, hybrid seeds, medicine and medical/dental equipment, clothing, educational books and literature, entertainment, communication facilities, farming and fishing equipment, and a variety of off-road vehicles.

"Disasters are always rare and unexpected, but on any sort of long timeline, they're inevitable.  Where else would you go with just a few days' notice?" Vicino concluded.

  High resolution photos can be captured at: complexes (http://tr.im/QhdY).

  Media Contact:
  --------------
  Barbara Grossman
  The Vivos Group
  [email protected]
  619-300-5194

Source: Vivos
   

CONTACT:  Barbara Grossman of The Vivos Group, +1-619-300-5194,
[email protected]

Web Site:  http://www.terravivos.com/

MicroStrategy Accelerates Recruiting Program to Attract Top Industry Talent

MCLEAN, Va., March 1 -- MicroStrategy® Incorporated (NASDAQ:MSTR), a leading worldwide provider of business intelligence (BI) software, today announced an aggressive recruiting program to attract top BI professionals. In 2010, MicroStrategy plans to expand its global footprint with the addition of more than 200 employees in key business areas, including sales, engineering, consulting, technology, and marketing. The company currently has over 1,800 employees and direct operations in more than 20 countries.

In 2009, MicroStrategy continued its steady growth and achieved solid financial results. Revenues in 2009 were $377.8 million, an increase of 5% over 2008. Product license revenue increased by 6% over 2008 to $101.9 million. Operating income from continuing operations in 2009 was $86.3 million, or 23% of revenue. Cash flow from operations has also been consistently strong with $96.4 million in 2009 and $88.9 million in 2008. MicroStrategy ended 2009 with $224.8 million in cash and cash equivalents, and no debt.

Last year, MicroStrategy expanded its customer portfolio with hundreds of new customers. MicroStrategy has a strong record of winning new customer deals when its technology is directly compared against its competitors in a "proof-of-concept" demonstration. MicroStrategy's business intelligence software is used by many industry-leading companies, including Lowe's Companies, Yahoo!, Ryder, Estee Lauder, Starwood Hotels & Resorts Worldwide, U.S. Postal Service, and Starbucks.

In early 2009, MicroStrategy announced its most significant software release in nearly a decade, MicroStrategy 9. The company's technology and leadership have been recognized by business and technology publications, as well as leading industry analysts. MicroStrategy was recently positioned by Gartner, Inc. in the Leaders quadrant in the 2010 "Magic Quadrant for Business Intelligence Platforms" report.(1) A copy of the Gartner report is available, compliments of MicroStrategy, at http://www.microstrategy.com/Company/Gartnerquadrant.asp.

"While some BI companies are dealing with upheaval in their leadership, product development, and customer service delivery, MicroStrategy continues to stay focused on delivering the best BI software and providing a high level of customer service," said Sanju Bansal, MicroStrategy's COO. "We are well positioned in the BI marketplace, with consistently high marks for our technology and customer satisfaction.  In addition, MicroStrategy has a solid financial foundation with no debt, excellent cash flow, strong margins, and growing revenues. We offer an exciting work environment for experienced BI professionals who are ready to join a dynamic, growing organization."

Parties interested in employment opportunities at MicroStrategy should e-mail their resumes directly to [email protected].

About MicroStrategy

Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology.  MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day.  Companies choose MicroStrategy for its ease-of-use, sophisticated analytics, and superior data and user scalability. MicroStrategy offers free reporting software that can be downloaded from its Website, http://www.microstrategy.com/freereportingsoftware. More information about MicroStrategy (NASDAQ:MSTR) is available at http://www.microstrategy.com.

MicroStrategy, MicroStrategy 9, and MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries.  Other product and company names mentioned herein may be the trademarks of their respective owners.

(1)Gartner, Inc. "Magic Quadrant for Business Intelligence Platforms, 2010" by Rita Sallam et al, Jan. 29, 2010

  MSTR-G

  Contact:
  Wende Cover
  MicroStrategy Incorporated
  703-770-1646
  [email protected]

Source: MicroStrategy Incorporated
   

CONTACT:  Wende Cover of MicroStrategy Incorporated, +1-703-770-1646,
[email protected]

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

PGP Corporation Names John Adams Chief Technology Officer

MENLO PARK, Calif., March 1 -- PGP Corporation, a global leader in trusted data protection, today announced the appointment of John Adams as Chief Technology Officer (CTO).  Adams, a 30 year veteran in the security industry, has assumed the role at PGP Corporation as a result of the company's recent acquisition of ChosenSecurity.  In his new role, Adams will be responsible for directing PGP Corporation's technology direction, integrating the two engineering team's efforts and technical strategy.

"John is a strategic addition to the PGP management team; he is an accomplished executive with an eye for innovation and product development," said Phillip Dunkelberger, president and CEO of PGP Corporation. "His unique background will benefit PGP customers greatly as we continue to expand our global technology development strategy."

In his previous CTO role at ChosenSecurity, Adams was responsible for technical strategy and direction to engineering, operations, and product management. Prior to his tenure at ChosenSecurity, Adams served as executive vice president, engineering and operations at GeoTrust, and before that as CTO of GeoTrust.  He was a key member of the acquisition team that culminated in the acquisition of GeoTrust by Verisign. GeoTrust was the fastest growing public certification authority before it was acquired by VeriSign.

Prior to GeoTrust, Adams was at RSA Security, where he served as Senior VP of Engineering, and later as CTO, managing the RSA Laboratories and working closely with the senior management team on the strategic direction of products and the company.  Previously, Adams spent 20-years at Digital Equipment Corporation, later acquired by COMPAQ, where he held several technical director, group manager and vice presidential roles focused primarily on the development and strategy of the networking software and hardware products.

Adams holds several degrees; BA, Mathematics from Harvard University, BS and MS in Civil Engineering, from Tufts University and PhD in Civil Engineering from Massachusetts Institute of Technology.

About PGP Corporation

PGP Corporation is a global leader in email and data encryption software. Based on a unified key management and policy infrastructure, the PGP® Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP® platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, smartphones, network storage, file transfers, automated processes, and backups.

PGP® solutions are used by more than 110,000 enterprises, businesses, and governments worldwide, including 87 percent of the Fortune® 100, 73 percent of the Fortune® Global 100, 80 percent of the German DAX index, and 60 percent of the U.K. FTSE 100 Index. As a result, PGP Corporation has earned a global reputation for innovative, standards-based, and trusted solutions. PGP solutions help protect confidential information, secure customer data, achieve regulatory and audit compliance, and safeguard companies' brands and reputations. Contact PGP Corporation at http://www.pgp.com.

  Media & Analyst Contacts for PGP Corporation:

  North America
  Tom Rice
  Merritt Group
  +1 703 856 2218
  [email protected]

  United Kingdom
  Jacqui Depares
  Johnson King
  +44 (0) 20 7401 7968
  [email protected]

  Germany
  Ingrid Daschner
  Johnson King
  +49 (0) 89 8940 8511
  [email protected]

  Legal Notice Regarding Forward-Looking Statements

Some of the statements in this press release are forward-looking, including statements regarding the availability, plans, delivery, goals, development, expected features, expected benefits and competitive position of PGP products implementing or leveraging the PGP technologies. All references made to product feature enhancements, improvements in Platform support or additional functionality are subject to change at PGP Corporation's sole discretion. All future descriptions of PGP technology and products are subject to availability only if PGP Corporation decides to build them and when PGP Corporation decides to make them commercially available. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that PGP Corporation faces that could cause results to differ materially include risks associated with any unforeseen technical difficulties or software errors related to the final development and launch of any of PGP Corporation's products; any technological, regulatory, or standards changes in the security, encryption and authentications market which could make PGP Corporation's products less competitive or require feature changes in these products; any slowdown in the adoption by businesses of encryption suites, secure email, Internet technologies or related standard. The forward-looking statements contained in this release are made as of the date hereof, and PGP Corporation does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.

PGP and the PGP logo are registered trademarks of PGP Corporation. Product and brand names used in the document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners.

Source: PGP Corporation
   

CONTACT:  North America, Tom Rice of Merritt Group, +1-703-856-2218,
[email protected], for PGP Corporation; or United Kingdom, Jacqui Depares,
+44 (0) 20 7401 7968, [email protected], or Germany, Ingrid Daschner,
+49 (0) 89 8940 8511, [email protected], both of Johnson King, for PGP
Corporation

Web Site:  http://www.pgp.com/

Aviat Networks Donates Equipment for Haiti Relief

Donation in Conjunction with Harris to Help Restore Communications Infrastructure to Island in Wake of Earthquake

RESEARCH TRIANGLE PARK, N.C., March 1 -- Aviat Networks (NASDAQ:AVNW), a leading wireless expert in advanced IP network migration, working in conjunction with Harris Corporation, today announced that it has donated telecommunications equipment worth greater than US$250K to Haiti relief efforts over the last month.  The donation, consisting largely of the company's TRuepoint® 5000 multi-service wireless transport platform, helped establish a working communications infrastructure for survivors and international aid workers in the region.

The donated radios have become the backbone connecting a number of response relief organizations including CHF International HQ, Doctors Without Borders, Save the Children, and Internews, among others.  The last microwave link was installed to complete connectivity to an improvised network between CHF and Save Our Children.   CHF International now has a high-speed network backbone that blankets Port Au Prince.  Currently, the Federal Aviation Administration (FAA) is evaluating the radio hardware to provide connectivity and communications restoration to its facility at the airfield.  The TRuepoint platform is widely deployed at many U.S.-based FAA facilities now.

In addition, Aviat Networks is standing by to ship more systems from its San Antonio, Texas operations center contingent upon the developing needs of Haiti.

"To be able to coordinate any type of real assistance, there needs to be a reliable telecommunications structure, and we are happy to be able to assist in this effort," said Harald Braun, president and CEO of Aviat Networks. "We worked quickly with our partners during this crisis to ensure people have a reliable means of communication with people inside and outside of Haiti."

Because of the damage affecting the local telecommunications infrastructure and the strain put on it by the disaster-driven overcapacity, local mobile users have experienced widespread wireless outages, and those who have sent texts have experienced queue times of up to 24 hours before the messages were received.

"This situation exposed a problem that could potentially affect any nation, especially those underserved and underdeveloped regions that may only have a tentative telecommunications infrastructure in place," said Braun.  "With this crisis as our springboard, we need to work to ensure that in the future, local governments can implement standby communications systems that will work even if the rest of the network is down."

For more information on Aviat Networks' Haiti relief efforts, please contact Scott Smith at +1.408.944.3529, or by email at [email protected].

About Aviat Networks, Inc.

Aviat Networks, Inc. (NASDAQ:AVNW), previously known as Harris Stratex, is a leading wireless expert in advanced IP network migration, building the foundation for the 4G/LTE broadband future. We offer best-of-breed transformational wireless solutions, including LTE-ready microwave backhaul, WiMAX access and a complete portfolio of essential service options that enable wireless public and private telecommunications operators to deliver advanced data, voice and video and mobility services around the world. Aviat is agile and adaptive to anticipate what's coming to help our customers make the right choices, and our products and services are designed for flexible evolution, no matter what the future brings. With global reach and local presence on the ground we work by the side of our customers, allowing them to quickly and cost effectively seize new market and service opportunities, while managing migration toward an all- IP future.  For more information, please visit http://www.aviatnetworks.com.

Source: Aviat Networks, Inc.
   

CONTACT:  Scott Smith, Aviat Networks Public Relations, +1-408-944-3529
office, [email protected]

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

Thomson Reuters Launches Pharmacy Intervention Solution for Hospital Pharmacists

ANN ARBOR, Mich., March 1 -- Thomson Reuters announced today the launch of its new Pharmacy Intervention solution for hospitals.

This solution combines real-time clinical surveillance, mobile access to patient data, and Micromedex reference information. It helps hospital pharmacists identify, perform, and document interventions at the point of care, prevent adverse drug events, and reduce medication costs.

Thomson Reuters Pharmacy Intervention compares clinical profiles with data pulled from disparate hospital IT systems to automatically identify patients who are at-risk of an adverse drug event, such as someone who is on a potentially lethal combination or dosage of medications. It also helps pharmacists reduce hospital costs by identifying alternative, yet equally effective, medication therapies -- such as a lower-cost oral medication in place of a drug administered intravenously.

Pharmacists can access patient information from a web portal or mobile device -- such as a BlackBerry® Smartphone or tablet PC -- and document their intervention directly at the point of care.  Each intervention is attached directly to the patient record and can be viewed by all relevant care team members at any time.

"Pharmacy Intervention will be a great addition to our hospital and will help our pharmacists improve their workflow.  With it, they will be able to monitor their patients' medication needs more efficiently, document their interventions at the point of care, and improve patient safety," said Christine Soedel, clinical pharmacy coordinator at Columbus Regional Hospital. "Using the targeted clinical profiles will allow our pharmacists to more easily identify patients most in need of medication therapy, respond to them immediately, and prevent a potential adverse drug event."

Pre-built profiles based on Micromedex reference information cover the following categories: antimicrobial monitoring, anticoagulation monitoring, glycemic monitoring, intravenous-to-oral conversion, narrow therapeutic indexing, and patient safety.

Pharmacy Intervention is part of the Clinical Xpert(TM) suite of clinical workflow solutions that has been the category leader for mobile data systems in the Best in KLAS Awards for eight consecutive years.

About Thomson Reuters

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

Source: Thomson Reuters
   

CONTACT:  David Wilkins, +1-734-913-3397,
[email protected]

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

Qualcomm Increases Quarterly Dividend by 12% and Announces New $3.0 Billion Stock Repurchase Program

SAN DIEGO, March 1 -- Qualcomm Incorporated (NASDAQ:QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced that its Board of Directors has approved a 12% increase in the Company's quarterly cash dividend and, effective immediately, a new $3.0 billion stock repurchase program to replace a $2.0 billion stock repurchase program, which was recently completed with $1.7 billion of repurchase activity.

The cash dividend will increase from $0.17 to $0.19 per share of common stock and will be effective for quarterly dividends payable after March 28, 2010.  This dividend increase will raise the annualized dividend payout to $0.76 per share of common stock.

"The strength of our business model is enabling significant investments in our strategic business initiatives while returning capital to stockholders," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.  "Since commencing this program in 2003, we have returned $12.6 billion to our stockholders through a combination of dividends and stock repurchases."

The new stock repurchase program has no expiration date.  The timing of stock repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors.  Repurchases under this program will be made using the Company's cash resources and may be commenced or suspended at any time or from time-to-time at the Company's discretion without prior notice.  Repurchases may be made in the open market, through 10b5-1 programs, in privately negotiated transactions, or through the use of derivative securities.  The Company had approximately 1.64 billion shares of common stock outstanding as of February 26, 2010.

Qualcomm Incorporated (NASDAQ:QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies.  Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2009 FORTUNE 500® company.  For more information, please visit Qualcomm around the Web:

  http://www.qualcomm.com
  Blog: http://www.qualcomm.com/blog
  Twitter: http://www.twitter.com/qualcomm
  Facebook: http://www.facebook.com/qualcomm

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to maintain its cash dividend program, its ability to continue to fund its stock repurchase program and/or its ability to purchase enough shares on terms and conditions acceptable to the Company to fully utilize the authority set forth above, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 27, 2009, and most recent Form 10-Q.  The Company undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

Qualcomm is a registered trademark of Qualcomm Incorporated.  All other trademarks are the property of their respective owners.

  Qualcomm Contact:
  Warren Kneeshaw, Investor Relations
  Phone:  1-858-658-4813
  Email:  [email protected]

Source: Qualcomm Incorporated
   

CONTACT:  Investor Relations, Warren Kneeshaw of Qualcomm Incorporated,
+1-858-658-4813, [email protected]

Web Site:  http://www.qualcomm.com/

Sutor Technology Group Limited to Attend Rodman & Renshaw Annual China Investment Conference

CHANGSHU, China, March 1 -- Sutor Technology Group Limited (the "Company", "Sutor") (NASDAQ:SUTR), a leading China-based manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of down-stream applications, today announced that management will participate in the Rodman & Renshaw Annual China Investment Conference in Beijing, China. The Company will present on March 8 from 11:30 to 11:55 am in Ballroom III at the Regent Hotel.

During the conference, management will be available to meet with analysts and portfolio managers. Interested parties and investors who wish to meet with Sutor's management may contact [email protected] or call (212) 430-1782. Participation in the Rodman & Renshaw Annual China Investment Conference is by invitation only.

About Sutor Technology Group Limited

Sutor (NASDAQ:SUTR) is one of the leading China-based manufacturers and distributors of high-end fine finished steel products and welded steel pipes used by a variety of down stream applications. Sutor utilizes a variety of processes and technological methodologies to convert steel manufactured by third parties into fine finished steel products, including hot-dipped galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products. To learn more about the Company, please visit http://www.sutorcn.com/ .

  For more information, please contact:

   Mr. Jason Wang
   Sutor Technology Group Limited
   Tel: +86-512-5268-0988
   Web: http://www.sutorcn.com/

   Mr. Brian M. Prenoveau, CFA
   ICR, Inc.
   Tel: +1-203-682-8200

Source: Sutor Technology Group Limited
   

CONTACT: Jason Wang, +86-512-5268-0988, of Sutor Technology Group Limited;
Brian M. Prenoveau, CFA, +1-203-682-8200, of ICR, Inc.

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

Carrier Source Inks Master Agent Agreement With New Edge Networks

LAS VEGAS, March 1 -- CHANNEL PARTNERS SHOW -- New Edge Networks, the managed services business communications unit of EarthLink Inc., is pleased to announce that Carrier Source, a leading one-stop telecommunications management company specializing in business services, has signed on as a Master Agent.

By partnering with New Edge, Carrier Source and its subagents gain access to a fully managed MPLS network that can service 95% of business addresses in the U.S., in addition to New Edge's sales, engineering and project management support.

Carrier Source specializes in retail business customers with 50 or more locations, many of which are looking to roll out, replace or grow their broadband connectivity storewide. Its client base is continually evaluating connectivity options to multiple chain store locations that can accommodate increasingly bandwidth-intensive applications with a high level network stability and reliability.

"Our retail customers have gone beyond basic Point of Sale (POS) and credit card swipes over their WAN.  Today's applications require more bandwidth, bandwidth guarantees and network stability. The fact that New Edge has completely upgraded its backbone to a true MPLS solution helps eliminate some of the inherent issues with DSL and helps mitigate PCI compliance issues. With New Edge's MPLS network, we can deliver and guarantee the bandwidth needed at the price points our retail customers require," stated Dave Jackson, Vice President of Business Development for Carrier Source.

Carrier Source has also leveraged the New Edge EVDO wireless solution as a significant step in overcoming one of the biggest hurdles in deploying network connectivity within shopping malls. The company has found that by using New Edge's EVDO it can eliminate the local loop and all the wiring between the main mall D-MARC and the customer premise, not only shortening the install timeframe but also helping to reduce wiring charges.

New Edge offers MPLS across a private EVDO wireless connection, which is a perfect fit for many retail locations, as well as an attractive backup network solution for customers in all industries. New Edge also has the unique ability to offer MPLS over ADSL, which provides a low cost solution for customers who have applications requiring a private network, but can not justify the expense of a T-1 network.

As a New Edge Agent Partner, Carrier Source has access to New Edge's direct sales support to assist on any customer opportunity. "New Edge's channel neutral structure allows our team to partner with the New Edge direct sales force versus competing with them," explained Jackson. "This team sales approach is a distinct advantage of working with New Edge."

New Edge Vice President of Agent Channel JR Cook added, "New Edge has seen a dramatic increase in activity from our Agents over the past year, especially in the Western region. With our nationwide MPLS network, we have been focusing on identifying premier partners on the east coast. The ability to partner with a Master Agent at the level of Carrier Source is a huge step in that direction. Their expertise in the Retail Sector makes them a perfect partner in a vertical industry in which New Edge already excels. Carrier Source's commitment to their customers also makes this a great fit."

About New Edge Networks

New Edge Networks provides managed IP-based based networks through a mix of private and public connections to deliver secure, managed network solutions. Connecting business sites at virtually any address in the United States, New Edge allows businesses to choose any blend of available access technologies - from DSL and T1 lines to fiber-optic connections - for building secure MPLS networks with performance guarantees managed over an award-winning portal. A wholly owned subsidiary of Atlanta-based EarthLink Inc., (NASDAQ: ELNK), New Edge is based in Vancouver, Wash. For more information visit http://www.newedgenetworks.com or call 1-360-693-9009.

Source: New Edge Networks
   

CONTACT:  Michele Sadwick of New Edge Networks, +1-404-748-7255,
[email protected]

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

Legend Media to Present at the Rodman & Renshaw Annual China Investment Conference

BEIJING, Mar. 1 -- Legend Media (OTC Bulletin Board: LEGE) ("Legend Media" or "the Company"), a Chinese multi-media advertising company, today announced that Mr. Jeffrey Dash, Chief Financial Officer, will be presenting at the Rodman & Renshaw Annual China Investment Conference. This event will be held March 7 - 9, 2010 at The Regent Hotel in Beijing, China.

The company is scheduled to present on Tuesday, March 9 from 8:35 - 9:00 a.m. For more information on the conference, please visit their website at http://www.rodm.com/conferences.com .

  About Legend Media
  Website: http://www.legend-media.com/

Legend Media, Inc. (OTCBB:LEGE), headquartered in Beijing, is a leading China advertising company focused on selling advertising that reaches affluent consumers in China through major airline magazines and radio channels in key districts of China. The Company currently owns an exclusive sales agent contract for Expression, the airline magazine for Hainan Airlines Group (HNA Group). With the execution of the policy of building Hainan into an International Tourist Island, there will be more business opportunities for the airline magazine. What's more, the airline magazine is distributed to a network of the subsidiary hotels of HNA Group, which enables the airline magazine to reach 20 million direct readers and cover 30 million to 40 million readers indirectly per year.

Aside from the main business, Legend Media owns two radio stations in Tianjin and Xi'an. The execution of the policy of developing the Ring Bohai Economic Cirle brings Tianjin opportunities to further develop, enabling radio media to have great growth potential. Xi'an is an old city in China and with the development of Xi'an economy, the radio business of Xi'an will have new business opportunities.

Legend Media will continue to develop a sales network and strive to cover and eventually reach the most valuable direct advertisers in China and expand the sales business of the Company through the acquisition of new and good-quality media.

Safe Harbor Statement

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

  For more information, please contact:

   Lauren Milner
   American Capital Ventures
   Tel:   +1-305-918-7000
   Email: [email protected]
   Web:   http://www.amcapventures.com/

Source: Legend Media, Inc.
   

CONTACT: Lauren Milner, +1-305-918-7000, [email protected], of
American Capital Ventures

Web site: http://www.amcapventures.com/
http://www.rodm.com/conferences.com

Healthesystems VP of Clinical Services Appointed to Prestigious ODG Advisory Board

TAMPA, Fla., March 1 -- Healthesystems LLC (Healthesystems) announced today that Dr. Ralph Kendall, PharmD, Vice President of Clinical Services, has accepted a prestigious invitation to become a member of the Work Loss Data Institute's (WLDI) Official Disability Guidelines (ODG) Editorial Advisory Board.

WLDI is an independent database development company focused on workplace health and productivity. Their Official Disability Guidelines product line provides evidence-based medical treatment and disability duration guidelines to improve as well as benchmark outcomes in workers' compensation and non-occupational disability.

"I am honored to serve on the ODG Advisory board, and to provide guidance from the perspective of a Clinical Pharmacist," stated Dr. Kendall. "The focus of our clinical programs at Healthesystems is centered around the application of evidence-based medical treatment guidelines including sources such as ODG."

Dr. Kendall's extensive experience in workers' compensation pharmacy treatment allows him to bring real world examples and a deep understanding of issues such as pharmacy trends, physician prescribing patterns and drug utilization to the Advisory Board.

Dr. Kendall has been instrumental in the development and implementation of clinical pharmacy programs and the application of managed care principles to the workers' compensation healthcare segment for over twenty years.  His accomplishments include being involved in the development of the first workers' compensation specific prescription plans -- ensuring that covered medications are appropriate and related to the care of workers' compensation beneficiaries.  He has also used his clinical pharmacy expertise in the collaborative development of powerful technology tools to ensure patient safety while identifying injured workers' with inappropriate or excessive drug treatment regimens.

Healthesystems is a specialty provider of innovative medical cost management solutions for the workers' compensation industry. The company offers a diverse suite of services including a leading Pharmacy Benefits Management (PBM) and Clinical Review programs as well as a prospective adjudication solution for managing ancillary medical services. Leveraging powerful technology, clinically-based outcomes management expertise and enhanced workflow automation tools, Healthesystems provides clients with flexible programs that reduce the total cost of medical care while increasing the quality of care for injured workers.  ::

http://www.healthesystems.com

Source: Healthesystems LLC
   

CONTACT:  Jill Knight, Marketing Manager, +1-813- 463-1254,
[email protected]

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

McGraw-Hill Education Solutions Nominated for Two 2010 CODiE Awards

GradeGuru.com Nominated for Best Educational Use of a Technology Device; Acuity InFormative Assessment Nominated for Best Student Assessment Solution

NEW YORK, March 1 -- McGraw-Hill Education, a global education company,  today announced that two of its learning solutions, GradeGuru.com and Acuity® InFormative(TM) Assessment, are nominated for a Software & Information Industry Association (SIIA) CODiE Award in Education.

GradeGuru (http://www.GradeGuru.com) is a free knowledge sharing network where college students can share their study materials, engage in collaborative learning and get peer-feedback while building their online academic profiles for internships and career opportunities. GradeGuru's university and class specific communities are providing a relevant and intuitive social learning environment for thousands of students from more than 300 universities.

GradeGuru is one of three finalists for the Best Educational Use of a Technology Device, which recognizes the best educational software solution, either curriculum or administrative, designed for technology hardware devices. The nominees in this category were selected by a number of university professors and education technology experts.

"This is such a great honor for us, and all the more important because experienced educators, who know what it takes to engage students, judged GradeGuru a worthy finalist," said Emily Sawtell, director of student innovations for McGraw-Hill Education.

Acuity InFormative Assessment is a CTB/McGraw-Hill (http://www.acuityforschool.com) solution featuring easy-to-use assessments, reports, instructional resources, and customization tools aligned to a state's standards and designed to help educators boost student achievement. Acuity Assessments can be easily delivered online, via paper and pencil, or using student response devices with the new Acuity UnWired(TM) software. Test items also can be automatically imported from ExamView® Item Banks.

This powerful, formative and interim system is a finalist for the Best Student Assessment Solution, which awards the best stand-alone, computer-based, or online solution for high-stakes assessments/preparation for high-stakes tests at the K-12 or postsecondary levels.

"As our industry evolves and new digital tools are introduced to help make learning more engaging, effective and efficient, online, formative assessment has never been more important," said Ellen Haley, president of CTB/McGraw-Hill. "Educators and their school districts need to understand the progression of individual student achievement, as well as achievement as a whole, to develop the most specialized instructional programs possible while meeting the standards set forth by their state."

The nominees will be reviewed by members of SIIA, who will vote on the winners beginning on Tuesday, March 2nd. Winners will be announced at a special CODiE Awards dinner on May 24, 2010, which will be held in conjunction with the 2010 Ed Tech Industry Summit in San Francisco.

"This is the twenty-fifth year we have recognized excellence through the CODiE Awards program," noted Ken Wasch, president of SIIA. "In this economic climate, companies are doing even more to innovate. GradeGuru and Acuity InFormative Assessment have demonstrated a commitment to innovation and quality that is reflected in their selection as a finalist for the CODiE Awards. I am pleased and proud to have them listed among the candidates, and I wish them the best in the final round of voting."

About McGraw-Hill Education

McGraw-Hill Education (http://www.mheducation.com/), a division of The McGraw-Hill Companies, is a premier provider of teaching and learning solutions for the  21st century.  Through a comprehensive range of traditional and digital education content and tools, McGraw-Hill Education empowers educators and prepares professionals and students of all ages to connect, learn and succeed in the global economy. McGraw-Hill Education, a division of The McGraw-Hill Companies (NYSE:MHP), has offices in 33 countries and publishes in more than 65 languages. Additional information is

About SIIA

The Software & Information Industry Association (SIIA) is the principal trade associations for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education and intellectual property protection to 500 leading software and information companies. For further information, visit http://www.siia.net.

  Media Contact:
  Tom Stanton
  McGraw-Hill Education
  (212) 904-3214
  [email protected]

Source: McGraw-Hill Education; GradeGuru.com
   

CONTACT:  Tom Stanton, McGraw-Hill Education, +1-212-904-3214,
[email protected]

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

PSCU Financial Services Can Automatically Notify Credit Union Staff, Members When a Disaster Causes Branch Closings

ST. PETERSBURG, Fla., March 1 -- Hurricanes, wildfires, storms, earthquakes, power outages or freeway closures. No matter what type of disaster occurs, PSCU Financial Services offers BCP Digital Messaging to alert credit union members. This message lets members know they can still access their accounts and perform financial transactions by directing them to an alternative branch or a credit union website.

The cooperative's automated messaging system can make up to 10,000 calls per hour, so thousands of members can be notified quickly and efficiently. BCP Digital Messaging can also deliver an instructional message to credit union employees and vendors. "Ensuring business continuity during emergencies builds trust and long-term loyalty with a credit union's members. We even offer the option of distributing a prerecorded message from a credit union executive for greater personalization," said David Serlo, President of PSCU Financial Services.

Advance enrollment in the BCP Digital Messaging program is required. Once enrolled, credit unions can activate an emergency alert at any time and the cooperative will deliver member calls within the legislated calling window (8 a.m. to 9 p.m.).

PSCU Financial Services' Contact Centers offer comprehensive member servicing for deposit accounts, credit/debit/ATM accounts, online bill payment, mobile banking, loans and loan applications and general inquiries about an individual credit union's rates and products.

Based in St. Petersburg, Florida, PSCU Financial Services is the nation's largest credit union service organization and serves more than 1,300 financial institutions nationwide. For more information, visit PSCU Financial Services' website at http://www.pscufs.com.

Source: PSCU Financial Services
   

CONTACT:  Merry Pateuk, Director, Public Relations of PSCU Financial
Services, 1-800-932-7728, [email protected]; or Robette Brooks of CCS/PR,
Inc., +1-303-699-8861, [email protected], for PSCU Financial Services

Web Site:  http://www.pscufs.com/