Teachers and Schools Celebrate Success at 2009 Microsoft Worldwide Innovative Education ForumMicrosoft Partners in Learning expands global network for educators.

SALVADOR, Brazil, Nov. 4 /PRNewswire-FirstCall/ -- Today, at its fifth annual Worldwide Innovative Education Forum (IEF), Microsoft Corp. is celebrating the impressive work that teachers and school leaders from around the world are doing to help every student realize his or her full potential. In addition, Microsoft is announcing the launch one of the world's largest networks for educators at http://www.partnersinlearningnetwork.com/.

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The network underscores Microsoft's commitment to expand the power of education for all through personalized learning by connecting millions of teachers and school leaders around the world in a community of professional development.

Partners in Learning Network

Today's launch of the Partners in Learning Network is the next generation of the Innovative Teachers Network (ITN), a global network expected to serve more than 2 million teachers and school leaders by next year. The network has evolved to include advances in social networking technology that will help teachers and school leaders do their jobs better by connecting them with one another in professional development communities. The site is available today in English and Ukrainian, with more in the coming months. As new languages become available for the Partners in Learning Network, existing ITN users will automatically have access to the new, more powerful features that this version of the network provides.

Members of the Partners in Learning Network will be able to take advantage of new capabilities such as the following:

-- Connecting with peers around the world based on professional interests, teaching subjects or location -- Creating communities dedicated to innovative teaching and learning, and professional development -- Finding new content and curricula such as peer coaching and the Innovative Schools Toolkit -- Becoming content creators by sharing the latest thinking, tips and tricks, lesson plans, recommended links, and more

At its core, the Partners in Learning Network helps promote practices that school leaders and teachers can use to improve students' 21st-century skills such as critical thinking and problem solving, collaboration, communication, contextual learning, creativity, and information and media literacy.

"The Partners in Learning Network provides a unique and powerful way to connect with educators around the world and offers them an accessible forum dedicated to the exchange of ideas, educational tools and collaboration," said Michael Golden, corporate vice president of the Education Products Group at Microsoft. "The network demonstrates our continued focus on empowering educators to engage their students more deeply."

Worldwide Innovative Teacher Awards

Each year, Microsoft Partners in Learning searches the world for teachers who have demonstrated an exemplary use of technology in the classroom. Thousands of teachers participate from around the world in country-level and regional competitions. After each competition, winners move to the next level, culminating each year at the Worldwide Innovative Education Forum, taking place this week in Salvador, Brazil. More than 250 regional winners from more than 60 countries are vying for 12 Worldwide Innovative Teacher Awards, to be announced at the end of the week.

"For me the Microsoft Innovative Teachers Forum is about recognizing an individual teacher's practice that has had a real impact in the classroom. I believe that computer games have a huge amount of potential in the classroom so, for my project, I used an Xbox game as a contextual hub for learning and as a way to encourage the social interaction of children as they moved between primary and secondary school," said Ollie Bray, deputy head teacher, Musselburgh Grammar School, Scotland. "My project was so well received that it was adopted and rolled out across all 47 schools in East Lothian, Scotland. I am pleased that Microsoft is recognizing this as an investment in learning and children as well as an innovative use of technology."

Innovative Schools Program

Microsoft is expanding its Partners in Learning Innovative Schools program from a pilot program to a full-scale global program, with the addition of 30 new Pathfinder Schools and 12 Mentor Schools, representing 35 countries. Leaders from all 42 schools are gathering in Salvador for a four-day workshop to begin a journey of transformation in their school communities. Over the next 12 months, these school leaders will go back to their home communities with a mission to transform the way their schools operate. They will be encouraged to rethink all aspects of school life, from the structure of the day and the use of technology in the curriculum to ensuring that teachers have the space and time to bring innovative practices to the classroom. Microsoft is working in close partnership with local ministries of education to implement this program and ensure its success.

The schools chosen to participate in the Pathfinder Program were selected from more than 110 applicants from around the world. Each school in the program has demonstrated strong school leadership with a proven record of innovation and successful change implementation. The Pathfinder Schools have been chosen because of their vision for learning and have already started on the road to reform and improvement.

"By working hand in hand with Microsoft Innovative Schools program, the education community can gain an improved understanding of what students need to advance in a global economy," said Bo Kristoffersson, principal of Viktor Rydberg Gymnasium in Sweden, a 2009 Innovative Schools Pathfinder school. "The Innovative Schools Program gives us the resources we need to provide the best education available, and we look forward to working with Microsoft and other schools in the program to identify the ways in which we can equip our students with knowledge, a drive for innovation, and a passion for technological discovery."

The Pathfinder Schools will work with 12 regional Mentor Schools, chosen primarily among participants in the Innovative Schools Pilot Program, which ran over the last two years. The Mentor Schools will be honored at the event because they have achieved a level of change within their education systems and are viewed as leaders in their countries and regions. Their innovations have a global interest and are replicable models that other schools can follow. Some Pathfinder Schools will have the opportunity to share the knowledge they gain as Mentor Schools in the future.

Partners in Learning

The Worldwide Innovative Education Forum is hosted by Microsoft Partners in Learning, a 10-year, nearly $500 million commitment by Microsoft to transform education systems around the world. Announced in 2003, Partners in Learning helps schools and teachers more effectively use technology to advance teaching and learning, provides leadership and change management information to school leaders, works to strengthen teachers' capacity to use technology effectively in the classroom, and provides greater access to technology for teachers and students.

About Microsoft Education

We believe that technology can expand the power of education and unlock the potential of students, educators and schools. Microsoft partners with education communities around the world to deliver relevant solutions, services and programs that focus on improved personalized learning outcomes.

About Unlimited Potential

Microsoft, through its Unlimited Potential vision, is committed to making technology more affordable, relevant and accessible for the 5 billion people around the world who do not yet enjoy its benefits. The company aims to do so by helping to transform education and foster a culture of innovation, and through these means enable better jobs and opportunities. By working with governments, intergovernmental organizations, nongovernmental organizations and industry partners, Microsoft hopes to reach its first major milestone -- to reach the next 1 billion people who are not yet realizing the benefits of technology -- by 2015.

About Microsoft

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

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CONTACT: Rapid Response Team, Waggener Edstrom Worldwide,
+1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft

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

IPC The Hospitalist Company, Inc. to Present at the 2009 Annual Credit Suisse Health Care Conference

NORTH HOLLYWOOD, Calif., Nov. 4 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. , a leading national hospitalist physician group practice company, announced today that Jeffrey Taylor, President and Chief Operating Officer, is scheduled to present on Wednesday, November 11, 2009 at the 2009 Annual Credit Suisse Health Care Conference in Phoenix, AZ.

Event: 2009 Annual Credit Suisse Health Care Conference Date: Wednesday, November 11, 2009 Time: 10:30 a.m. Mountain Time (12:30 p.m. Eastern) Place: Arizona Biltmore Resort & Spa

An audio Web cast of the Company's presentations will be available by visiting the investor relations section of IPC's Web site at http://www.hospitalist.com/. A replay of the presentation will be available for 15 days.

About IPC The Hospitalist Company

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

Contacts: Devra Shapiro Amy Glynn/Nick Laudico IPC The Hospitalist Company, Inc. The Ruth Group (818) 766-3502 646-536-7023/7030 aglynn@theruthgroup.com nlaudico@theruthgroup.com

IPC The Hospitalist Company, Inc.

CONTACT: Devra Shapiro, of IPC The Hospitalist Company, Inc.,
+1-818-766-3502; or Amy Glynn, +1-646-536-7023, aglynn@theruthgroup.com or
Nick Laudico, +1-646-536-7030, nlaudico@theruthgroup.com, both of The Ruth
Group

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

Keryx Biopharmaceuticals to Present at the Merriman Curhan Ford 6th Annual Investor SummitPresentation Scheduled for Tuesday, November 10th at 3:40 PM ET

NEW YORK, Nov. 4 /PRNewswire-FirstCall/ -- Keryx Biopharmaceuticals, Inc. today announced that Ron Bentsur, the Company's Chief Executive Officer, is scheduled to present at the Merriman Curhan Ford 6th Annual Investor Summit being held in New York City.

Mr. Bentsur's presentation will be webcast live on Tuesday, November 10th at 3:40 pm ET and will be accessible from the Investor Information page of the Company's Website at http://investors.keryx.com/. An archived version of the webcast will be available following the conclusion of the live presentation.

About Keryx Biopharmaceuticals, Inc.

Keryx Biopharmaceuticals is focused on the acquisition, development and commercialization of medically important pharmaceutical products for the treatment of life-threatening diseases, including cancer and renal disease. Keryx is developing KRX-0401 (perifosine), a novel, potentially first-in-class, oral anti-cancer agent that inhibits the phosphoinositide 3-kinase (PI3K)/Akt pathway, a key signaling cascade that has been shown to induce cell growth and cell transformation. KRX-0401 has demonstrated both safety and clinical efficacy in several tumor types, both as a single agent and in combination with novel therapies. KRX-0401 also modulates a number of other key signal transduction pathways, including the JNK and MAPK pathways, which are pathways associated with programmed cell death, cell growth, cell differentiation and cell survival. KRX-0401 is currently in Phase 2 clinical development for multiple tumor types, with a Phase 3 in multiple myeloma, under Special Protocol Assessment (SPA), pending commencement by year-end. Keryx is also developing Zerenex(TM) (ferric citrate), an oral, iron-based compound that has the capacity to bind to phosphate and form non-absorbable complexes. Zerenex has recently completed a Phase 2 clinical program as a treatment for hyperphosphatemia (elevated phosphate levels) in patients with end-stage renal disease, and Keryx is in the process of finalizing the U.S. Phase 3 program for Zerenex in consultation with the FDA. Keryx is headquartered in New York City.

KERYX CONTACT: Lauren Fischer Director, Investor Relations Keryx Biopharmaceuticals, Inc. Tel: 212.531.5962 E-mail: lfischer@keryx.com

Keryx Biopharmaceuticals, Inc.

CONTACT: Lauren Fischer, Director, Investor Relations, Keryx
Biopharmaceuticals, Inc., +1-212-531-5962, lfischer@keryx.com

Web Site: http://investors.keryx.com/

Echo Therapeutics Initiates Clinical Study of its New One-Piece Symphony(TM) tCGM Biosensor in Type 1 and Type 2 Diabetic Patients

FRANKLIN, Mass., Nov. 4 /PRNewswire-FirstCall/ -- Echo Therapeutics, Inc. (BULLETIN BOARD: ECTE) , a diabetes management company developing the needle-free Symphony(TM) tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring (tCGM) system and the Prelude(TM) SkinPrep System for transdermal drug delivery announced today that it has initiated a clinical study of its Symphony(TM) Transdermal Continuous Glucose Monitoring System (tCGM System) in patients with Type 1 and Type 2 diabetes. The purpose of the study is to test the performance of its new one-piece, cost-effective and easy-to-use biosensor. The Company expects to complete and announce the results of the study in the fourth quarter of 2009.

"We are extremely pleased to take this next step forward in the development work on our one piece biosensor, a critical component of Symphony, our needle-free, continuous glucose monitoring technology," stated Patrick T. Mooney, M.D., Chairman and CEO of Echo Therapeutics. "As we described previously, this next generation biosensor introduces new materials and a more effective geometrical construction designed to be one-piece and replaces the prior prototype two-piece biosensor used in earlier clinical trials. We believe that this biosensor will demonstrate improved performance and reliability and we look forward to confirming this in this clinical trial in Type 1 and Type 2 diabetics."

Echo's pilot clinical study will enroll patients with diabetes (either Type 1 or Type 2) and will compare data obtained from its Symphony tCGM System with the "gold standard" YSI Glucose Analyzer. The study will collect approximately 900 data pairs to be used in the analyses. Reference glucose measurements will be made at 15 minute intervals for 24 hours with the study data blinded to study subjects and study personnel.

About Echo Therapeutics

Echo Therapeutics is focused on medical devices and specialty pharmaceuticals. Echo is developing the Symphony tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring system for patients with diabetes and for use in hospital critical care units. Echo is also developing its needle-free Prelude SkinPrep System for transdermal drug delivery of a wide range of novel topical reformulations of widely-used, FDA-approved products.

Cautionary Statement Regarding Forward Looking Statements

The statements in this press release that are not historical facts may constitute forward-looking statements that are based on current expectations and are subject to risks and uncertainties that could cause actual future results to differ materially from those expressed or implied by such statements. Those risks and uncertainties include, but are not limited to, risks related to regulatory approvals and the success of Echo's ongoing studies, including the efficacy of Echo's Symphony tCGM System, the failure of future development and preliminary marketing efforts related to Echo's Symphony tCGM System, Echo's ability to secure additional commercial partnering arrangements, risks and uncertainties relating to Echo's ability to develop, market and sell diagnostic and transdermal drug delivery products based on its skin permeation platform technologies, including the Symphony tCGM System, the availability of substantial additional equity or debt capital to support its research, development and product commercialization activities, and the success of its research, development, regulatory approval, marketing and distribution plans and strategies, including those plans and strategies related to its Symphony tCGM System. These and other risks and uncertainties are identified and described in more detail in Echo's filings with the Securities and Exchange Commission, including, without limitation, its annual report on Form 10-K for the year ended December 31, 2008, its quarterly reports on Form 10-Q, and its current reports on Form 8-K. Echo Therapeutics, Inc. undertakes no obligation to publicly update or revise any forward-looking statements.

For More Information: Patrick T. Mooney, M.D. Chairman and Chief Executive Officer (856) 429-8778

Echo Therapeutics, Inc.

CONTACT: Patrick T. Mooney, M.D., Chairman and Chief Executive Officer
of Echo Therapeutics, Inc., +1-856-429-8778

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

EMC Expands Services and Solutions for Microsoft Business Intelligence, Data Warehouse and SQL ServerEnables Timely and Relevant Business Insight Through Consulting Expertise and Validated Solutions for Presenting, Analyzing, and Cost Effectively Managing Data

HOPKINTON, Mass., Nov. 4 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, today announced expanded services and solutions for Microsoft Business Intelligence, Data Warehouse and Mission-Critical SQL Server environments. The new offerings demonstrate EMC's commitment to helping organizations fully leverage their information for better insight, decision making and competitive advantage.

"The performance and stability of applications -- whether line of business, transactional or business intelligence -- hinges in part on the smooth integration between the information platform and information infrastructure on which it is deployed," said Tom Casey, general manager for SQL Server at Microsoft Corp. "The combination of Microsoft software with EMC services and solutions makes it more predictable and more cost effective for customers to deploy these technologies as a scalable information asset in their IT organizations."

New Data Warehouse, Business Intelligence and Contact Center Services and Solutions

New services and solutions from EMC provide customers with a more robust portfolio of offerings to enable relevant data insight and analysis, as well as increased efficiency managing and storing their enormous volumes of data. EMC Consulting helps organizations maximize the benefits of Microsoft SQL Server 2008, a scalable Business Intelligence (BI) platform, through expanded BI framework offerings, including pre-built data models to support Microsoft Fast Track data warehouse configurations. This powerful combination accelerates the time to information and analysis, while reducing costs, increasing productivity and reducing risk. EMC Consulting also announces the availability of additional services focused on delivering analytics and insight for infrastructure and storage management and contact center management.

-- EMC Data Warehouse Services -- Enable organizations to create the most effective methods for collecting, consolidating, and organizing the business-critical data that is required for business intelligence and pervasive analytics. EMC consultants expand Microsoft Fast Track implementations using EMC's BI Accelerator Framework, which dramatically reduces development time and effort. The Framework contains prebuilt and predesigned industry data models that present data to users in a way that is consistent with how they view their business, dramatically improving user adoption rates. EMC can configure databases for OLAP cubes that quickly provide answers to multi-dimensional analytical queries and eliminate wait time on report queries, enabling easy root cause analyses. -- EMC Business Intelligence for Infrastructure Service -- Improves decision making by providing real-time visibility into the infrastructure that runs the business. It provides a business intelligence system that extends current IT reporting and analysis systems by providing clients with the ability to perform key performance indicator (KPI)-based reporting, analytics, and alerting of storage, database, operating system and networking metrics. Using Microsoft SQL Server and Microsoft PerformancePoint Server, EMC consultants integrate these metrics and analyze performance and capacity data over time, incorporating KPI-based trend analysis and forecasting capabilities to measure data collected against business goals. -- EMC Contact Center Services and Solutions -- Provide a holistic view of contact management operations by helping organizations to clarify their contact center strategy and business goals and then deploy a roadmap to realize these goals. Benefits include optimized contact center performance and process improvement, real-time visibility and improved decision making, and increased productivity.

"Working together, Microsoft and EMC bring SQL Server to mission-critical computing environments helping customers regain control of their infrastructure," said EMC's Dave Cox, Vice President, EMC Consulting. "EMC consultants have years of experience helping customers achieve their business objectives by combining Microsoft and EMC technologies, providing unparalleled Microsoft subject-matter expertise, and proven methodologies to address the challenges of managing complex environments and maximizing the value of their information."

EMC Proven(TM) Solutions increase infrastructure efficiency and lower TCO

EMC is also expanding its portfolio of EMC Proven Solutions for Microsoft SQL Server 2008 to enable customers to address their requirements for lower TCO, consolidation, virtualization, performance, scalability and availability. EMC Proven Solutions are rigorously tested, end-to-end solutions designed to address the most pressing IT problems -- from universal challenges like business continuity to specialized application requirements. Each solution is built, tested and documented for a broad set of common customer workloads and uses cases ensuring fast, predictable, and measurable results. One new solution shows how organizations can leverage storage tiering to keep frequently used data on the fastest enterprise Flash drives, and move infrequently used data to less expensive SATA disk drive types -- while protecting the SQL databases - all without impacting the host CPU cycles. This allows for maximum performance for mission-critical data, keeps the storage footprint and power consumption to a minimum, and reduces the total cost of ownership.

EMC is a Microsoft Gold Certified Partner with eleven competencies, a Global Systems Integrator, a Global Alliance Partner, a Worldwide ISV and a winner of 20 Microsoft Partner of the Year Awards.

About EMC Consulting

EMC Consulting provides the strategic guidance and technology expertise organizations need to manage their business and information infrastructure challenges and derive the maximum value from their information assets and investments. EMC Consulting helps customers, including more than half of the Global Fortune 500 Companies, leverage information in new ways to navigate challenging market conditions and excel in the information economy. By offering broad consulting expertise across organizations' business, applications and infrastructure architectures, as well as industry expertise in Financial Services, Life Sciences, Communications/Media/ Entertainment, Retail, and innovative user experience and design, EMC Consulting delivers the transformational thinking and execution required to turn the potential of information into actionable strategies and business results.

About EMC

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

EMC and EMC Proven are registered trademarks of EMC Corporation. Other trademarks are the property of their respective owners.

EMC Corporation

CONTACT: Andy Pool of EMC Corporation, +1-617-775-9643,
pool_andy@emc.com

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

/R E P E A T -- Dorel Industries will hold a conference call to discuss its third quarter results/(TSX: DII.A, DII.B)

MONTREAL, Oct. 28 /PRNewswire-FirstCall/ --

Open to: Analysts, investors and all interested parties DATE: Thursday, November 5, 2009 TIME: 1:00 PM Eastern Time CALL: 1-877-974-0449 THE PRESS RELEASE WILL BE PUBLISHED THE SAME DAY THROUGH CNW. Please dial in 15 minutes before the conference begins.

If you are unable to call in at this time, you may access a tape recording of the meeting by calling 1-877-289-8525 and entering the passcode 4179066# on your phone. This tape recording will be available on Thursday, November 5, 2009 as of 3:00 PM until 11:59 PM on Thursday, November 12, 2009.

MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY FOR PERMISSION. NOTE TO FIRST-TIME ANALYSTS: Please contact MaisonBrison at 514-731-0000 prior to the day of the conference call. Interested parties may also listen to a live webcast at http://www.dorel.com/, http://www.newswire.ca/ or at http://www.q1234.com/.

MAISON BRISON - ENGLISH

CONTACT: Rick Leckner, MaisonBrison, (514) 731-0000

Molson Coors Reports Double-Digit Third Quarter 2009 Income Growth

DENVER and MONTREAL, Nov. 4 /PRNewswire-FirstCall/ -- Molson Coors Brewing Company (NYSE: TAP; TSX) today reported double-digit income growth for the third quarter. Net income attributable to Molson Coors increased 37.4 percent to $235.3 million for the third quarter, up from $171.3 million a year ago. Underlying after-tax income(1) increased 22.7 percent to $212.9 million, or $1.14 per diluted share, up from $173.5 million, or $0.93 per diluted share, a year ago.

Peter Swinburn, Molson Coors president and chief executive officer, said, "Molson Coors had a successful third quarter, with underlying earnings up more than 22 percent versus a year ago. This headline profit includes some non-operating and one-time noise, both positive and negative. The positive resolution of tax positions in the quarter was partially offset by currency headwinds, a mark-to-market hedge loss this year, and the challenge of cycling supplier negotiation benefits last year. Excluding these factors, earnings grew approximately 13 percent in the quarter. These trading results reflect a high level of brand investment, coupled with cost control and price management. Our results also reflect weak industry volume trends, continued cost inflation across our businesses, and more promotional pricing activity in Canada. In terms of our portfolio performance, total-company volume in the third quarter declined, and worldwide Coors Light volumes were down slightly against a strong growth quarter a year ago."

"We remain focused on building a diverse portfolio of extraordinary brands, offering value-enhancing innovations for consumers, and achieving positive pricing to grow our top-line and bottom-line as the economy improves. We offer value to consumers in many forms, including innovative brands and promotional packaging, as well as category-leading advertising, retail promotions and service to our customers. In the fourth quarter, incremental investments related to these efforts will be most significant in our Canada, U.S. and international businesses. These investments are consistent with our brand-led global strategies, and we expect them to drive top-line and bottom-line growth as we move into 2010."

Third Quarter Highlights

Key operating and financial highlights for the Company's fiscal third quarter ended September 26, 2009, compared to the fiscal third quarter ended September 28, 2008, include the following:

-- Net income attributable to Molson Coors increased 37.4 percent to $235.3 million for the third quarter, up from $171.3 million a year ago, driven by a lower effective tax rate, a one-time gain on the Company's total-return swap, and lower net special charges, as well as strong cost control and price management across the company. -- Underlying after-tax income(1) increased 22.7 percent to $212.9 million, or $1.14 per diluted share, up from $173.5 million, or $0.93 per diluted share a year ago. This earnings performance was driven by a lower effective tax rate and strong earnings growth from MillerCoors and our U.K. business, which were partially offset by cost inflation, lower worldwide volume, and unfavorable currency movements. -- Third quarter 2009 results include the impact of unfavorable foreign currency movements, which decreased total underlying pretax income approximately $13 million versus a year ago. -- Molson Coors worldwide beer volume decreased 2.9 percent, driven by challenging markets, a weak global economy, and the Company's continued strategy in the U.K. to emphasize revenue growth over low-margin volume growth.

The Company's effective tax rate during the third quarter 2009 for income from continuing operations was 9 percent on a reported basis and 4 percent on an underlying basis. The Company estimates that its full-year 2009 underlying effective tax rate will be in the range of negative 2 percent to positive 2 percent. These tax rates are significantly lower than the Company's anticipated long-term tax rate range of 22 percent to 26 percent due to the favorable resolution of unrecognized tax positions during 2009.

During the quarter, Molson Coors achieved an incremental $18 million of cost savings as part of its three-year, $250 million Resources for Growth (RFG) cost savings program. Savings from the RFG program now total $246 million.

MillerCoors achieved $73 million in synergies in the third quarter, largely due to marketing synergies, as well as organizational savings resulting from the elimination of duplicate and transitional positions in the third quarter 2008. Molson Coors' 42 percent share of these synergies is $31 million. Network optimization savings continue to be realized from shifting production of Coors and Miller brands into the larger MillerCoors brewery network, a process which will continue for the next nine months. MillerCoors continues to integrate business processes and systems across the enterprise to deliver enhanced customer solutions and better leverage the scale of the business.

MillerCoors has delivered $183 million in synergies this year, bringing the total to $211 million since beginning operations on July 1, 2008. The Company now expects to achieve $270 million of cumulative synergies by the end of 2009, surpassing its original commitment of $225 million. As previously communicated, MillerCoors will deliver incremental cost savings above the $500 million synergy target, and approximately $200 million in cost savings are expected to be delivered by the end of 2012, approximately in-line with current market expectations. These cost savings include efficiencies in production costs, procurement, and marketing, general and administrative expense.

Molson Coors Brewing Company's total worldwide beer volume was 13.8 million hectoliters in the quarter, 2.9 percent lower versus the prior year, as shown in Table 1 below.

Molson Coors Brewing Company Table 1: 2009 Third Quarter Worldwide Beer Volume (In Millions of Hectoliters) Thirteen Weeks Ended -------------------------------------- September 26, 2009 September 28, 2008 % Change -------------------------------------- -------- Actual Actual Financial Volume: 5.181 5.480 (5.5%) Royalty Volume: 0.076 0.078 (2.6%) -------------------------------------- Owned Volume: 5.257 5.558 (5.4%) Proportionate Share of Equity Investment Sales-to-Retail(1): 8.542 8.658 (1.3%) -------------------------------------- Total Worldwide Beer Volume: 13.799 14.216 (2.9%) ====================================== Notes: (1) Reflects the addition of Molson Coors Brewing Company's proportionate share of MillerCoors and Modelo Molson sales-to-retail for the periods presented, adjusted for comparable trading days, if applicable. Business Segments

Following are the Company's 2009 third quarter results by business segment:

Canada Business

Canada underlying pretax income in local currency declined 2 percent versus a year ago. Positive net pricing and the benefit of cost savings initiatives were offset by declines in volume and higher marketing, general and administrative expenses, driven by increased brand investment and the deconsolidation of our interest in the Beer Stores in Ontario (Brewers Retail Inc.). On a reported basis, Canada underlying pretax income was $139.3 million in the third quarter, 7.7 percent lower than a year ago, as the Canadian Dollar declined versus the U.S. Dollar approximately 6 percent, or $9 million, in the quarter.

Canada sales-to-retail (STRs) decreased 3.2 percent in the third quarter versus last year. Coors Light continued to show growth, while Molson Canadian and Molson Export declined versus prior year. Canada beer industry volumes decreased an estimated 0.7 percent in the quarter.

Canada sales volume was 2.5 million hectoliters, down 1.8 percent from a year ago. Comparable(2) net sales per hectoliter increased 2 percent in local currency, driven by favorable net pricing, led by price increases across all major markets, partially offset by continued price discounting activity.

Cost of goods sold per hectoliter increased slightly on a comparable basis in local currency. An increase in commodity, packaging material, distribution and other input costs, including pension expense, as well as fixed cost deleverage related to lower export volume to the U.S., were offset by savings from our Resources for Growth initiatives.

Comparable marketing, general and administrative expenses increased 4.4 percent in local currency, driven by higher brand and innovation investments.

United States Business (MillerCoors)(3)

Molson Coors underlying U.S. segment pretax income grew 16.6 percent to $107.4 million in the third quarter due to strong underlying income growth by MillerCoors. Strong MillerCoors income growth was partially offset by cycling high equity income last year and one day of income for the legacy Coors business prior to the formation of MillerCoors on July 1, 2008.

MillerCoors Operating and Financial Highlights (U.S. GAAP)

For the quarter, underlying net income attributable to MillerCoors, excluding special items, increased 28.1 percent to $244.4 million versus the prior-year comparable quarter. MillerCoors is successfully delivering synergies, controlling costs, and managing revenue for sustainable profit growth, despite continuing commodity cost pressures.

MillerCoors domestic sales-to-retailers (STRs) were down 1.3 percent due to a slight decline in premium light volumes and continued softness in above premium and premium brands. Domestic sales-to-wholesalers (STWs) fell 0.7 percent primarily driven by lower retail sales.

MillerCoors total net revenue increased 3.1 percent to $2.01 billion versus the prior-year comparable quarter, driven by domestic net pricing. Excluding contract brewing and company-owned distributor sales, net sales revenue increased 3.0 percent to $1.87 billion. Third-party contract brewing volumes declined 4.6 percent, though profits were up slightly from the prior-year comparable quarter.

Pricing remained strong in the third quarter, as domestic net revenue per barrel, excluding contract brewing and company-owned distributor sales, increased 3.7 percent, driven by sustained price increases taken in the fall of 2008 and reductions in discount activity.

Cost of goods sold per barrel increased 3.5 percent as benefits from MillerCoors cost leadership programs were more than offset by brewing and packaging material cost increases under procurement contracts largely arranged prior to more recent commodity market price reductions.

Marketing, general and administrative costs decreased 4.5 percent, driven primarily by lower organizational costs and synergies, which were partially offset by IT integration-related expenses.

Depreciation and amortization expenses for MillerCoors in the third quarter were $72.9 million and additions to tangible and intangible assets totaled $79.5 million.

United Kingdom Business

U.K. underlying pretax earnings in local currency increased more than 20 percent versus a year ago. This increase was driven by positive results from the strategic actions our U.K. team has taken in the past year, including leveraging our contract brewing arrangement and brand building efforts, allowing us to forgo low-margin volume. The benefit of these actions was partially offset by the one-time impact of a mark-to-market adjustment on natural gas hedges and cycling a one-time supplier negotiation benefit of $6 million in 2008, combined with lower volume and higher marketing, general and administration expenses in the quarter. On a reported basis, third quarter U.K. underlying pretax income was $32.7 million, an increase of $2.0 million, or 6.5 percent, versus the same quarter last year. These results include the impact of a 13 percent devaluation of the British Pound versus the U.S. Dollar, which reduced U.K. earnings by $5 million in the quarter.

U.K. owned-brand volume decreased 6.3 percent during the quarter due to declining industry volume and the Company's strategy to forgo low-margin volume. The U.K. beer industry volume declined approximately 1 percent in the third quarter.

Comparable net sales per hectoliter of owned products increased 21 percent in local currency, driven by two factors. Higher pricing in all channels and positive sales mix drove 17 percent and 4 percent of the increase, respectively.

Comparable cost of goods sold per hectoliter of owned brands increased 22 percent in local currency in the third quarter, driven by cycling the one-time supplier negotiation benefit in 2008, input cost inflation, adverse brand and channel mix, a mark-to-market adjustment on natural gas hedges, and the deleveraging impact of lower owned-brand volumes.

Marketing, general and administrative expense increased 7.8 percent in local currency due to higher marketing, incentive compensation, and bad debt expenses in the quarter, along with sales-related costs in our new Cobra business.

International Markets and Corporate

The underlying pretax loss for International Markets and Corporate was $57.5 million, a 7.1 percent increase versus the third quarter of 2008.

The Company's International Markets business grew volume nearly 28 percent, on a small base, driven by the strength of Coors Light in China and Carling in Europe. Marketing, general and administrative expense for International Markets was $12.7 million in the quarter, an increase of $1.1 million versus a year ago.

Corporate general and administrative expense was $28.1 million in the third quarter, an increase of $7.7 million, driven by higher incentive compensation, project spending, and labor-related costs this year.

Corporate net interest expense was $24.7 million in the third quarter, a decrease of $3.7 million compared to a year ago, with approximately $2.7 million of this reduction attributable to the deconsolidation of BRI and the balance due to foreign currency movements. In the quarter, Corporate other income of $58.2 million was driven by a one-time mark-to-market gain related to the Foster's cash-settled total-return swap.

Special and Other One-Time Items

During the third quarter 2009, the Company reported net special charges of $4.3 million pretax, which was composed primarily of $3.5 million of non-cash expenses associated with closing the Edmonton Brewery.

Other one-time items in the quarter included a $59.3 million non-cash mark-to-market gain in Corporate other income related to the cash-settled total-return swap the Company arranged with respect to Foster's common stock in 2008.

During the third quarter of 2009, MillerCoors reported special charges totaling $14.7 million, which include pension curtailment and integration expenses. This equates to $6.2 million at Molson Coors' 42 percent economic ownership share.

The foregoing special and other one-time items have been excluded from underlying earnings in the third quarter 2009.

The company's underlying results were reduced by other non-operating or unusual factors, including unfavorable year-over-year currency movements, a mark-to-market hedge loss this year and supplier negotiation benefits last year in the U.K. These headwinds totaled $22.3 million pretax in the 3rd quarter. Meanwhile, results in the quarter benefited from the favorable resolution of some unrecognized tax positions, which increased $36.4 million from a year ago.

Discontinued Operations

The Company reports results associated with its former Brazilian unit, Cervejarias Kaiser ("Kaiser"), as discontinued operations. The Company reported a loss of $9.0 million from discontinued operations during the quarter due to legal expenses and losses from foreign exchange, which were partially offset by reductions in liabilities.

2009 Third Quarter Earnings Conference Call

Molson Coors Brewing Company will conduct an earnings conference call with financial analysts and investors at 11:00 a.m. Eastern Time today to discuss the Company's 2009 third quarter results. The Company will provide a live webcast of the earnings call.

Approximately two hours after the conclusion of the earnings call, the Company will also host an online, real-time webcast of an Investor Relations Follow-up Session with financial analysts at 2:00 p.m. Eastern Time. Both webcasts will be accessible via the Company's website, http://www.molsoncoors.com/. Online replays of the webcasts will be available until 11:59 p.m. Eastern Time on February 9, 2010. The Company will also post this release and related financial statements on its website today.

Footnotes:

(1) The Company calculates non-GAAP underlying income by excluding special and other one-time items from the nearest U.S. GAAP earnings measure. To calculate underlying income in the third quarter of 2009, the Company excluded one-time items, particularly related to MillerCoors, and the Foster's cash-settled total-return swap, as well as net special charges of $4.3 million pretax. For further details, please see the section "Special and Other One-Time Items", along with tables for reconciliations to the nearest U.S. GAAP measures. All $ amounts are in U.S. Dollars.

(2) Except where otherwise indicated, comparable Canada results exclude the sales and costs related to exporting beer to MillerCoors, as well as the reporting effects of the deconsolidation of Brewers Retail Inc. (BRI) in Ontario on March 1, 2009.

(3) MillerCoors, a U.S. joint venture of Molson Coors Brewing Company and SABMiller plc, was launched on July 1, 2008. Molson Coors has a 42 percent economic interest in MillerCoors, which is accounted for using the equity method. Molson Coors' interest in MillerCoors results, along with certain adjustments under U.S. GAAP, are reflected in "Equity Income in MillerCoors." This release includes reconciliation from MillerCoors Net Income to Molson Coors Brewing Company Equity Income in MillerCoors and Non-GAAP U.S. Segment Underlying Pretax Income (see Table 6).

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the federal securities laws, and language indicating trends, such as "trend improvements," "progress," "anticipated," "expected," "improving sales trends" and "on track." It also includes financial information, of which, as of the date of this press release, the Company's independent auditors have not completed their review. Although the Company believes that the assumptions upon which the financial information and its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. These factors include, among others, changes in consumer preferences and product trends; price discounting by major competitors; failure to realize the anticipated cost savings and other benefits from MillerCoors; failure to realize anticipated results from synergy initiatives; and increases in costs generally. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. We do not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise.

Reconciliations to Nearest U.S. GAAP Measures Molson Coors Brewing Company Table 2: 2009 Third Quarter Underlying After-Tax Income (After-Tax Income From Continuing Operations, Excluding Special and Other One-time Items) (In Millions of $US, Except Per Share Data) (Note: Some numbers may not sum due to rounding.) 2009 3rd Q 2008 3rd Q ---------- ---------- U.S. GAAP: Income from continuing operations attributable to MCBC, net of tax: 244.3 168.1 Per diluted share: $1.31 $0.90 Add back: Pretax special items - net 4.3 24.8 Add back: Environmental litigation reserve (1) - 3.6 Add back: Proportionate share of MillerCoors pretax special items - net (2) 6.2 9.5 (Less): Impact of MillerCoors accounting policy elections (2) - (27.9) (Less): Gain related to the cash-settled total return swap (1) (59.3) (13.6) Add back: Tax effects related to special and other one-time items 17.4 9.0 Non-GAAP: Underlying after-tax income: 212.9 173.5 Per diluted share: $1.14 $0.93 Notes: (1) Included in Other Income (Expense) (2) Included in Equity Income in MillerCoors, but excluded from non-GAAP underlying pretax income. Molson Coors Brewing Company Table 3: 2009 Third Quarter Underlying After-Tax Income, Net of Adjustments(1) (In Millions of $US) (Note: Some numbers may not sum due to rounding.) Non-GAAP: Underlying after-tax income - 3rd Q 2009: $212.9 Adjustments - 3rd Q 2009 versus 3rd Q 2008: Currency movements, mark-to-market hedge loss 16.3 Supplier renegotiation benefits in prior year 6.0 Tax effects related to hedge loss and supplier renegotiation benefits (2.7) Benefit of resolution of unrecognized tax positions (36.4) ------- Non-GAAP: Underlying after-tax income - 3rd Q 2009, net of adjustments(1): $196.1 Non-GAAP: Underlying after tax income - 3rd Q 2008: $173.5 Year-over-year percent change: 13% Notes: (1) Adjusted for year-over-year variances in other non-operating or unusual factors. Molson Coors Brewing Company Table 4: 2009 Third Quarter Underlying Pretax Income (Pretax Income From Continuing Operations, Excluding Special and Other One-time Items) (In Millions of $US) (Note: Some numbers may not sum due to rounding.) Business Total ---------------------------------------- ------------ MCI and Canada U.S. U.K. Corporate Consolidated ---------------------------------------- ------------ U.S. GAAP: 2009 3rd Q Income (loss) from continuing operations before income taxes $135.7 $101.2 $32.4 $1.4 $270.7 Add back: Pretax special items - net 3.8 - 0.2 0.3 4.3 Add back: Proportionate share of MillerCoors pretax special items - net (2) - 6.2 - - 6.2 (Less): Gain related to the cash-settled total return swap (1) - - - (59.3) (59.3) Non-GAAP: 2009 3rd Q underlying pretax income (loss) $139.3 $107.4 $32.7 $(57.5) $221.9 ---------------------------------------- ------------ Percent change 2009 3rd Q vs. 2008 3rd Q underlying pretax income (loss) -7.7% 16.6% 6.5% 7.1% 0.8% ---------------------------------------- ------------ U.S. GAAP: 2008 3rd Q Income (loss) from continuing operations before income taxes $148.0 $110.5 $30.5 $(65.3) $223.7 Add back: Pretax special items - net 3.0 - 0.2 21.6 24.8 Add back: Environmental litigation reserve (1) - - - 3.6 3.6 Add back: Proportionate share of MillerCoors pretax special items - net (2) - 9.5 - - 9.5 (Less): Impact of MillerCoors accounting policy elections (2) - (27.9) - - (27.9) (Less): Gain related to the cash-settled total return swap (1) - - - (13.6) (13.6) Non-GAAP: 2008 3rd Q underlying pretax income (loss) $151.0 $92.1 $30.7 $(53.7) $220.1 ---------------------------------------- ------------ Notes: (1) Included in Other Income (Expense) (2) Included in Equity Income in MillerCoors, but excluded from non-GAAP underlying pretax income. MillerCoors LLC Table 5: 2009 Third Quarter Underlying Net Income (Net Income, Excluding Special Items) (In Millions) Three Months Ended Nine Months Ended --------------------------- --------------------------- September 30, September 30, September 30, September 30, 2009 2008 2009 2008 --------------------------- --------------------------- Pro Forma U.S. GAAP - Net Income attributable to MillerCoors LLC: $229.7 $168.2 $740.6 $479.4 Add back: Special items, net 14.7 22.6 45.5 138.7 --------------------------- --------------------------- Non-GAAP - Underlying net income: $244.4 $190.8 $786.1 $618.1 =========================== ===========================

Pretax and after-tax underlying income should be viewed as a supplement to -- not a substitute for -- our results of operations presented on the basis of accounting principles generally accepted in the United States. We believe that underlying income performance is used by and is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to evaluate our performance without regard to items such as special items, which can vary substantially from company to company depending upon accounting methods and book value of assets and capital structure. Our management uses underlying income as a measure of operating performance to assist in comparing performance from period to period on a consistent basis; as a measure for planning and forecasting overall expectations and for evaluating actual results against such expectations; and in communications with the board of directors, stockholders, analysts and investors concerning our financial performance.

Molson Coors Brewing Company Table 6: Reconciliation of Net Income Attributable to MillerCoors to MCBC's Equity Income in MillerCoors and Reconciliation to U.S. Segment Underlying Pretax Income (In Millions) (Note: Some numbers may not sum due to rounding.) Three Three Months Ended Months Ended ------------------------------- September 30, September 30, 2009 2008 ------------------------------- MillerCoors Net Income $229.7 $168.2 Multiply: MCBC economic interest % in MillerCoors 42% 42% ------------------------------- MCBC proportionate share of MillerCoors net income $96.5 $70.6 Add: Accounting policy elections (1) - 31.8 Add: Amortization of the difference between MCBC contributed cost basis and the underlying equity in net assets of MillerCoors (2) 2.4 6.0 Add: Share-based compensation adjustment (3) 2.3 (1.9) ------------------------------- Equity Income in MillerCoors (reported) $101.2 $106.5 =============================== Add: U.S. Segment pretax income for June 30, 2008 - 4.0 Add: Proportionate share of MillerCoors special items (4) 6.2 9.5 Add: MillerCoors variable share-based compensation (5) - 3.9 (Minus): Accounting policy elections (1) - (31.8) ------------------------------- U.S. Segment Underlying Pretax Income (Non-GAAP) $107.4 $92.1 =============================== Notes: (1) MillerCoors made its initial accounting policy elections upon formation, impacting certain asset and liability balances. These adjustments reflect the impact to our investment in MillerCoors, which is based upon our contributed assets and liabilities. (2) MCBC's net investment in MillerCoors is based on the carrying values of the net assets it contributed to the joint venture. MCBC's investment basis in MillerCoors is less than our underlying equity (42%) in the total net assets of MillerCoors (contributed by both Coors and Miller) by approximately $633.4 million. This amount is being amortized over a period of time represented primarily by the remaining useful lives of long-lived assets giving rise to the difference. For non-depreciable assets, such as goodwill, no adjustment will be recorded to the MillerCoors equity method income unless there is an impairment. (3) The net adjustment is to record all stock-based compensation associated with preexisting equity awards to be settled in MCBC Class B common stock held by former CBC employees now employed by MillerCoors and eliminate all stock-based compensation impacts related to preexisting SABMiller equity awards held by Miller employees now employed by MillerCoors. The adjustment is to recognize the additional 58% of the stock-based compensation costs associated with those awards recognized and reported by MCBC's U.S. business and eliminate all of the costs associated with equity awards to be settled in SABMiller equity. (4) MillerCoors Q3 2009 Special Items of $14.7 million, multiplied by MCBC's proportionate share of MillerCoors at 42%, equals $6.2 million. MillerCoors Q3 2008 Special Items of $22.6 million, multiplied by MCBC's proportionate share of MillerCoors at 42%, equals $9.5 million. (5) Included in Equity Income in MillerCoors. This adjustment represents the fair value mark to market component of MCBC share-based compensation held by employees of MillerCoors. Molson Coors Brewing Company and Subsidiaries Table 7: Condensed Consolidated Statements of Operations (In Millions, Except Per Share Data) (Unaudited) Thirteen Weeks Ended Thirty-Nine Weeks Ended --------------------------- --------------------------- September 26, September 28, September 26, September 28, 2009 2008 2009 2008 --------------------------- --------------------------- Volume in hectoliters 5.181 5.480 14.082 29.868 =========================== =========================== Sales $1,250.3 $1,373.8 $3,234.9 $5,549.5 Excise taxes (396.6) (452.7) (1,023.3) (1,514.3) --------------------------- --------------------------- Net Sales 853.7 921.1 2,211.6 4,035.2 Cost of goods sold (472.6) (524.4) (1,251.3) (2,392.9) --------------------------- --------------------------- Gross profit 381.1 396.7 960.3 1,642.3 Marketing, general and administrative expenses (240.7) (236.8) (653.3) (1,136.6) Special items, net (4.3) (24.8) (21.6) (136.1) Equity income in MillerCoors 101.2 106.5 332.4 106.5 --------------------------- --------------------------- Operating income 237.3 241.6 617.8 476.1 Interest expense, net (1) (22.5) (25.6) (62.3) (80.4) Debt extinguishment costs - - - (12.4) Other income, net 55.9 7.7 29.1 6.4 --------------------------- --------------------------- Income from continuing operations before income taxes 270.7 223.7 584.6 389.7 Income tax expense (25.3) (54.9) (71.3) (74.9) --------------------------- --------------------------- Income from continuing operations 245.4 168.8 513.3 314.8 (Loss) income from discontinued operations, net of tax (9.0) 3.2 (12.9) (18.1) --------------------------- --------------------------- Net income 236.4 172.0 500.4 296.7 Less: Net income attributable to noncontrolling interests (2) (1.1) (0.7) (2.1) (11.6) --------------------------- --------------------------- Net income attributable to MCBC $235.3 $171.3 $498.3 $285.1 =========================== =========================== Basic income (loss) per share: From continuing operations attributable to MCBC $1.32 $0.91 $2.78 $1.66 From discontinued operations attributable to MCBC (0.05) 0.02 (0.07) (0.10) Basic net income per share $1.27 $0.93 $2.71 $1.56 Diluted income (loss) per share: From continuing operations attributable to MCBC $1.31 $0.90 $2.75 $1.63 From discontinued operations attributable to MCBC (0.05) 0.02 (0.07) (0.10) --------------------------- --------------------------- Diluted net income per share $1.26 $0.92 $2.68 $1.53 =========================== =========================== Weighted average shares - basic 184.6 183.5 184.2 182.3 Weighted average shares - diluted 186.2 185.7 185.6 185.5 Dividends per share $0.24 $0.20 $0.68 $0.56 =========================== =========================== Amount attributable to MCBC Income from continuing operations, net of tax $244.3 $168.1 $511.2 $303.2 (Loss) income from discontinued operations, net of tax (9.0) 3.2 (12.9) (18.1) --------------------------- --------------------------- Net income attributable to MCBC $235.3 $171.3 $498.3 $285.1 =========================== =========================== Notes: (1) On December 29, 2008, we adopted guidance regarding accounting for convertible debt instruments that may be settled in cash upon conversion (including partial cash settlement) that applies to all convertible debt instruments that have a "net settlement feature", which means that such convertible debt instruments, by their terms, may be settled either wholly or partially in cash upon conversion. This guidance requires issuers of convertible debt instruments that may be settled wholly or partially in cash upon conversion to separately account for the liability and equity components in a manner reflective of the issuers' nonconvertible debt borrowing rate. The provisions of this guidance were retroactively applied. As a result, $4.0 million and $11.8 million of additional non-cash interest expense was recorded in the third quarter and first thirty- nine weeks of 2008, respectively. During the third quarter and first thirty-nine weeks of 2009, we recorded $4.1 million and $12.2 million of additional non-cash interest expense, respectively. (2) On December 29, 2008, MCBC adopted guidance regarding accounting for noncontrolling interests in consolidated financial statements, the provisions of which, among others, require that minority interests be renamed noncontrolling interests and that consolidated net income (loss) includes the amounts attributable to such noncontrolling interests for all periods presented. Molson Coors Brewing Company and Subsidiaries Table 8: Canada Segment Results of Operations (In Millions) (Unaudited) Thirteen Weeks Ended Thirty-Nine Weeks Ended --------------------------- --------------------------- September 26, September 28, September 26, September 28, 2009 2008 2009 2008(1) --------------------------- --------------------------- Volume in hectoliters 2.477 2.522 6.642 7.548 =========================== =========================== Sales $653.4 $706.9 $1,689.5 $1,957.8 Excise taxes (159.6) (165.2) (400.0) (444.2) --------------------------- --------------------------- Net sales 493.8 541.7 1,289.5 1,513.6 Cost of goods sold (239.7) (278.5) (658.2) (808.8) --------------------------- --------------------------- Gross profit 254.1 263.2 631.3 704.8 Marketing, general and administrative expenses (113.4) (110.9) (300.7) (334.7) Special items, net (3.8) (3.0) (12.8) (4.9) --------------------------- --------------------------- Operating income 136.9 149.3 317.8 365.2 Other (expense) income, net (1.2) (1.3) 4.3 (0.5) --------------------------- --------------------------- Earnings before income taxes $135.7 $148.0 $322.1 $364.7 =========================== =========================== Notes: (1) As a result of the MillerCoors formation on July 1, 2008, and MCBC's prospective equity accounting for MillerCoors, sales shown above for the thirteen weeks ended September 28, 2008, present MCBC's former U.S. segment net sales for a single day of June 30, 2008, and our proportional share of net income for the period July 1, 2008, through September 28, 2008. Sales shown for the thirty-nine weeks ended September 28, 2008, represent MCBC's former U.S. segment net sales for the twenty-six weeks ended June 29, 2008, plus net sales for a single day of June 30, 2008, and our proportional share of net income for the period July 1, 2008, through September 28, 2008. Molson Coors Brewing Company and Subsidiaries Table 9: United States Segment Results of Operations (1) (In Millions) (Unaudited) Thirteen Weeks Ended Thirty-Nine Weeks Ended --------------------------- --------------------------- September 26, September 28, September 26, September 28, 2009 2008 2009 2008 --------------------------- --------------------------- Volume in hectoliters - 0.115 - 14.894 =========================== =========================== Sales $- $14.7 $- $1,736.4 Excise taxes - (1.8) - (231.6) --------------------------- --------------------------- Net sales - 12.9 - 1,504.8 Cost of goods sold - (7.7) - (915.1) --------------------------- --------------------------- Gross profit - 5.2 - 589.7 Marketing, general and administrative expenses - (1.2) - (413.3) Special items, net - - - (69.3) Equity income in MillerCoors 101.2 106.5 332.4 106.5 --------------------------- --------------------------- Operating income 101.2 110.5 332.4 213.6 Other income, net - - - 2.3 Earnings before income taxes $101.2 $110.5 $332.4 $215.9 =========================== =========================== Notes: (1) Reflects the formation of MillerCoors on July 1, 2008, and the Company's pre-existing U.S. operations prior to July 1, 2008. Molson Coors Brewing Company and Subsidiaries Table 10: United Kingdom Segment Results of Operations (In Millions) (Unaudited) Thirteen Weeks Ended Thirty-Nine Weeks Ended --------------------------- --------------------------- September 26, September 28, September 26, September 28, 2009 2008 2009 2008 --------------------------- --------------------------- Volume in hectoliters 2.552 2.724 7.048 7.894 =========================== =========================== Sales $573.5 $632.4 $1,485.9 $1,859.8 Excise taxes (235.0) (283.6) (618.3) (833.5) --------------------------- --------------------------- Net sales 338.5 348.8 867.6 1,026.3 Cost of goods sold (220.5) (227.9) (561.9) (698.4) --------------------------- --------------------------- Gross profit 118.0 120.9 305.7 327.9 Marketing, general and administrative expenses (86.5) (92.8) (236.4) (284.1) Special items, net (0.2) (0.2) (7.9) (5.4) --------------------------- --------------------------- Operating income 31.3 27.9 61.4 38.4 Interest income, net 2.2 2.8 6.3 8.5 Other expense, net (1.1) (0.2) (2.7) (2.0) --------------------------- --------------------------- Earnings before income taxes $32.4 $30.5 $65.0 $44.9 =========================== =========================== Molson Coors Brewing Company and Subsidiaries Table 11: Molson Coors International and Corporate Results of Operations (In Millions) (Unaudited) Thirteen Weeks Ended Thirty-Nine Weeks Ended --------------------------- --------------------------- September 26, September 28, September 26, September 28, 2009 2008 2009 2008 --------------------------- --------------------------- Volume in hectoliters 0.152 0.119 0.392 0.316 =========================== =========================== Sales $23.4 $19.8 $59.5 $51.1 Excise taxes (2.0) (2.1) (5.0) (5.0) --------------------------- --------------------------- Net sales 21.4 17.7 54.5 46.1 Cost of goods sold (12.4) (10.3) (31.2) (26.2) --------------------------- --------------------------- Gross profit 9.0 7.4 23.3 19.9 Marketing, general and administrative expenses (40.8) (31.9) (116.2) (104.5) Special items, net (0.3) (21.6) (0.9) (56.5) --------------------------- --------------------------- Operating loss (32.1) (46.1) (93.8) (141.1) Interest expense, net (24.7) (28.4) (68.6) (88.9) Debt extinguishment costs - - - (12.4) Other income, net 58.2 9.2 27.5 6.6 --------------------------- --------------------------- Income (loss) before income taxes $1.4 $(65.3) $(134.9) $(235.8) =========================== =========================== MillerCoors LLC (1) Table 12: Results of Operations (In Millions) (Unaudited) Three Months Ended Nine Months Ended --------------------------- --------------------------- September 30, September 30, September 30, September 30, 2009 2008 2009 2008 --------------------------- --------------------------- Pro Actual Actual Actual Forma (2) Volume in hectoliters 21.640 21.881 63.000 63.998 =========================== =========================== Sales $2,350.7 $2,293.4 $6,855.8 $6,710.2 Excise taxes (341.2) (343.7) (993.7) (1,004.1) --------------------------- --------------------------- Net sales 2,009.5 1,949.7 5,862.1 5,706.1 Cost of goods sold (1,266.6) (1,236.9) (3,618.8) (3,513.7) --------------------------- --------------------------- Gross profit 742.9 712.8 2,243.3 2,192.4 Marketing, general and administrative expenses (496.0) (519.1) (1,438.4) (1,566.2) Special items, net (14.7) (22.6) (45.5) (138.7) --------------------------- --------------------------- Operating income 232.2 171.1 759.4 487.5 Other income, net 2.3 2.3 1.6 7.1 --------------------------- --------------------------- Income from continuing operations before income taxes 234.5 173.4 761.0 494.6 Income tax expense (2.3) (1.9) (6.9) (1.9) --------------------------- --------------------------- Income from continuing operations 232.2 171.5 754.1 492.7 Less: Net income attributable to noncontrolling interests (2.5) (3.3) (13.5) (13.3) --------------------------- --------------------------- Net income attributable to MillerCoors LLC $229.7 $168.2 $740.6 $479.4 =========================== =========================== Notes: (1) Economic ownership of MillerCoors LLC is 58% held by SABMiller and 42% held by Molson Coors. See Table 5 in the release for a reconciliation from MillerCoors net income to Molson Coors equity income in MillerCoors. (2) The pro forma financial information has been derived from the historical financial results of the respective U.S. businesses of Molson Coors Brewing Company and SABMiller, giving effect to the MillerCoors transaction and other related adjustments. These pro forma results are not necessarily indicative of the results of operations that would have been achieved had the MillerCoors transaction taken place at the beginning of the pro forma period, and do not purport to be indicative of future operating results. Molson Coors Brewing Company and Subsidiaries Table 13: Condensed Consolidated Balance Sheets (In Millions) (Unaudited) As of ------------------------------- September 26, December 28, 2009 2008 ------------- ------------ Assets Cash and cash equivalents $565.1 $216.2 Receivables, net 661.8 635.4 Inventories, net 223.7 192.1 Other, net 57.2 63.4 ------------- ------------ Total current assets 1,507.8 1,107.1 Properties, net 1,251.8 1,301.9 Goodwill and intangibles, net 5,813.7 5,221.4 Investment in MillerCoors 2,588.1 2,418.7 Other 329.8 337.5 ------------- ------------ Total assets $11,491.2 $10,386.6 ============= ============ Liabilities and equity Accounts payable $185.4 $170.5 Accrued expenses and other 912.4 815.5 Current portion of long-term debt and short-term borrowings 300.1 0.1 Total current liabilities 1,397.9 986.1 Long-term debt 1,376.6 1,752.0 Pension and post-retirement benefits 489.9 581.0 Other 1,192.7 1,028.1 ------------- ------------ Total liabilities 4,457.1 4,347.2 Total MCBC stockholders' equity 7,018.7 6,055.4 Noncontrolling interests 15.4 (16.0) ------------- ------------ Total equity 7,034.1 6,039.4 ------------- ------------ Total liabilities and equity $11,491.2 $10,386.6 ============= ============ Molson Coors Brewing Company and Subsidiaries Table 14: Condensed Consolidated Statements of Cash Flows (In Millions) (Unaudited) Thirty-Nine Weeks Ended ------------------------------- September 26, September 28, 2009 2008 ------------- ------------- Cash flows from operating activities: Net income $500.4 $296.7 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 135.3 224.4 Equity income in MillerCoors (332.4) (106.5) Distributions from MillerCoors 351.5 58.8 Change in working capital and other, net 12.0 (77.8) ------------- ------------- Net cash provided by operating activities 666.8 395.6 Cash flows from investing activities: Additions to properties and intangible assets (71.7) (176.5) Proceeds from sales of assets and businesses, net 3.9 35.7 Acquisition of businesses (19.6) - Investment in MillerCoors, net (109.2) (78.8) Other, net (29.9) 4.6 ------------- ------------- Net cash used in investing activities (226.5) (215.0) Cash flows from financing activities: Exercise of stock options under equity compensation plans 25.5 51.6 Dividends paid to Molson Coors Brewing Company stockholders (125.8) (102.2) Net repayments of debt (0.4) (163.2) Other 9.1 (6.2) ------------- ------------- Net cash used in financing activities (91.6) (220.0) Cash and cash equivalents: Net increase (decrease) in cash and cash equivalents 348.7 (39.4) Effect of foreign exchange rate changes on cash and cash equivalents 0.2 (3.1) Balance at beginning of year 216.2 377.0 ------------- ------------- Balance at end of period $565.1 $334.5 ============= =============

Molson Coors Brewing Company

CONTACT: Media, Colin Wheeler, +1-303-927-2443, or Investors, Dave
Dunnewald, +1-303-927-2334, or Leah Ramsey, +1-303-927-2397, all of Molson
Coors Brewing Company

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

CSC Recognized as 'Best Technology Vendor' by Reactions MagazineInternational Insurance Publication Honors CSC For Two Consecutive Years

FALLS CHURCH, Va., Nov. 4 /PRNewswire/ -- CSC today announced that it has been named "Best Technology Vendor" as part of the Reactions Global Awards, an international awards program for insurers sponsored by Reactions magazine. This is the second year for the "Best Technology Vendor" category, and CSC has won the award both years.

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

Now in the program's eighth year, the Reactions Global Awards recognize the best firms and individuals in the global insurance industry. Reactions, a financial publication for the global insurance market, selected award winners by surveying its readers and conducting interviews with leading individuals and companies that represent the insurance and reinsurance industries. The "Best Technology Vendor" category was added to spotlight the critical role information technology (IT) now plays in the insurance industry.

"It is an honor to be recognized by some of the most respected companies and individuals within the industry, many of whom are our clients," said Jim Cook, president of CSC's Business Solutions and Services Sector. "Receiving this award for the second year in a row is especially gratifying as it reaffirms our success in the consistent delivery of business-critical insurance and reinsurance solutions around the world. It is also rewarding to see technology being recognized, on a global scale, for the intrinsic value it brings the insurance industry."

CSC's technology platforms and financial services applications are used by two thirds of the world's top 50 insurers and nearly half of Fortune's global 500 financial services companies. In addition, half of the world's reinsurers use CSC reinsurance solutions.

About CSC in Financial Services

CSC distinguishes itself through its time-tested ability to plan, build and operate highly reliable, efficient and secure business and IT solutions for leading financial services firms around the world.

To complement its capabilities in consulting, systems integration and outsourcing, CSC brings financial services industry knowledge and experience, a comprehensive portfolio of financial services application software and an extensive network of industry and technology partners. CSC's financial clients include more than 1,200 major banks, insurers and investment management and securities firms.

About CSC

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

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PRN Photo Desk, photodesk@prnewswire.com CSC

CONTACT: Marian Kelley, Director, Media and Analyst Relations,
Financial Services Group, +1-512-275-5722, mkelley3@csc.com, Francoise Dibben,
Manager, Marketing Communications, Financial Services Group, EMEA, +44
(0)1252.536492, fdibben@csc.com, Chris Grandis, Media Relations Director,
Corporate, +1-703-641-2316, cgrandis@csc.com

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

National Retail Properties, Inc. Announces New $400 Million Unsecured Credit Facility

ORLANDO, Fla., Nov. 4 /PRNewswire-FirstCall/ -- National Retail Properties, Inc. , a real estate investment trust, today announced the closing of a new $400 million credit facility, replacing its existing $400 million credit facility which was set to mature in May 2010. The new facility matures November 2012, with an option to extend maturity to November 2013. The facility is priced at LIBOR plus 280 basis points with a 1.0% LIBOR floor. The new facility also includes an accordion feature to increase the facility size to $500 million. National Retail Properties has no outstanding borrowings under its existing credit facility.

Wells Fargo Securities and Banc of America Securities LLC were joint lead arrangers of this credit facility. Documentation agents were PNC Bank, National Association and U.S. Bank, National Association. Other bank participants include BB&T, Citicorp, Royal Bank of Canada, SunTrust Bank, Chevy Chase Bank, a Capital One Company, and Raymond James Bank.

"We greatly appreciate the strong support of our bank group and the confidence they have in our business," said Kevin B. Habicht, Executive Vice President and CFO. "This facility gives us significant financial flexibility and enhances our ability to take advantage of acquisition opportunities."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2009, the company owned 999 Investment properties in 44 states with a gross leasable area of approximately 11.4 million square feet. For more information on the company, visit http://www.nnnreit.com/.

National Retail Properties, Inc.

CONTACT: Kevin B. Habicht, Chief Financial Officer, +1-407-265-7348

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

BorgWarner's eGearDrive(TM) Transmission Named 2010 Automotive News PACE Award Finalist

AUBURN HILLS, Mich., Nov. 4 /PRNewswire-FirstCall/ -- BorgWarner's eGearDrive(TM) transmission has been named a finalist for the prestigious 2010 Automotive News PACE Awards, recognized around the world as the industry symbol of innovation. First commercialized on the Tesla Roadster, the technology has been developed for the emerging vehicle electrification market and will also drive the all-electric CODA sedan, scheduled for introduction in California in 2010. Production-ready designs of BorgWarner's eGearDrive(TM) transmission will enable several other manufacturers to launch a variety of electric vehicles beginning in 2010 and 2011. Designed for fast-to-market implementation, annual volumes are expected to increase rapidly over the next few years.

(Photo: http://www.newscom.com/cgi-bin/prnh/20091104/DE04645 )

"BorgWarner is proving that key technologies enable drivers to enjoy superior performance while being good stewards for the environment," said John Sanderson, President and General Manager, BorgWarner Drivetrain Systems. "We're pleased to be among this year's distinguished PACE finalists once again."

With the BorgWarner eGearDrive(TM) single-speed gearbox, the all-electric Tesla Roadster travels from 0-60 mph in 3.7 seconds, can reach a top speed of 125 mph, and achieves a driving range of nearly 250 miles on a single battery charge - shifting consumers' perceptions of electric vehicle performance and opening new opportunities for automakers.

BorgWarner's eGearDrive(TM) transmission incorporates patented and proprietary technology as well as over 100 years of powertrain know-how. Through its high efficiency gear train and compact, low-weight design, the BorgWarner eGearDrive(TM) transmission contributes to extended battery-powered driving range which in turn reduces the required amount of battery capacity needed. The transmission also achieves higher torque capacity with 98% efficiency, while providing smooth, quiet operation. Approximately 99% of the materials used in the eGearDrive(TM) transmission are recyclable.

In addition to providing primary drive for front-wheel drive and rear-wheel drive electric vehicles and hybrid electric vehicles, BorgWarner eGearDrive(TM) systems enable launch assist, energy recovery, and AWD performance for the secondary-driven axle on any type of vehicle. Also available are an optional electronically actuated park lock system and various electronic driveline disconnect systems.

About the PACE Awards

Presented by Automotive News with Ernst & Young and the Transportation Research Center Inc., the PACE Awards honor superior innovation, technological advancement and business performance among automotive suppliers. PACE stands for Premier Automotive Suppliers' Contribution to Excellence. This year marks the 16th annual award competition.

BorgWarner's eGearDrive transmission technology was named a finalist in the Product category, which recognizes innovations in new products, services or their development, that have significant market impact and act as "game changers" in the automotive industry.

Winners are selected by an independent panel of judges and will be announced in Detroit on April 12, 2010. Since 2005, BorgWarner has received five PACE Awards and three PACE Innovation Partnership Awards.

BorgWarner Drivetrain Systems produces highly engineered drivetrain technologies for the global vehicle industry. Key product segments include: dual clutch modules; wet friction clutch components and systems; mechatronic transmission control modules; electro-hydraulic solenoid valves; mechanical clutch assemblies; all-wheel drive couplings, transfer cases and software/controls; and electric vehicle transmissions. These systems improve fuel economy and performance while enhancing vehicle stability. BorgWarner Drivetrain Systems is a trusted supplier to virtually every major light vehicle and automatic transmission producer in the world today.

Auburn Hills, Michigan-based BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The FORTUNE 500 company operates manufacturing and technical facilities in 60 locations in 18 countries. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. The Internet address for BorgWarner is: http://www.borgwarner.com/.

Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current expectations, estimates and projections. Words such as "outlook", "expects," "anticipates," "intends," "plans," "believes," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, and other risks detailed in our filings with the Securities and Exchange Commission, including the Risk Factors, identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update any forward-looking statements.

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PRN Photo Desk, photodesk@prnewswire.com BorgWarner Inc.

CONTACT: Erika Nielsen of BorgWarner Inc., +1-248-754-0422

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

Emdeon Announces Billing Solution for H1N1 Vaccine AdministrationElectronic alternative to paper billing helps to connect retail pharmacies with the nation's top 25 medical payers in real-time

NASHVILLE, Tenn., Nov. 4 /PRNewswire-FirstCall/ -- Emdeon® , a leading provider of healthcare revenue and payment cycle management solutions, today announced that its eRx Network® will provide real-time electronic billing solutions to retail pharmacies for the nation's top 25 medical payers in light of the dramatic increase in H1N1 vaccinations being administered by pharmacies. The Center for Disease Control and Prevention predicts 10-12 million doses of the H1N1 vaccination will be available by the end of October and many of these vaccinations will be administered by retail pharmacies.

Retail pharmacies and other mass vaccination organizations often lack the ability to bill medical claims electronically and thus submit claims on paper to the paying health plan. While the vaccine itself is provided at no charge, administration of the H1N1 vaccine is a medical procedure reimbursable under the medical benefits of many health plans.

"This is the first time in many years that the healthcare industry has faced a real-world pandemic and we are able to rise to that need with a real-time, electronic solution that will help pharmacies process medical claims efficiently," said Mark Lyle, senior vice president for eRx Network pharmacy services at Emdeon.

The Emdeon eRx Network solution enables both new and existing retail pharmacy customers to submit these medical services for reimbursement to health plans in a standard electronic pharmacy claim. The medical claim will then be delivered to the payer and processed through their standard reimbursement cycle. Ultimately, Emdeon will help to facilitate the claim processing and the health plan will potentially avoid expensive, manual workload associated with paper claim submission.

"By providing the marketplace with innovative solutions, Emdeon continues to demonstrate the value of having one partner in the healthcare industry to address market opportunities," said George Lazenby, chief executive officer of Emdeon. "This timely solution is an example of combining Emdeon's broad connectivity in both the pharmacy and payer markets to simplify the business of healthcare," Lazenby continued.

In addition to the solutions being provided to eRx Network customers, other Emdeon customers that utilize Emdeon Office(TM), a multi-payer portal for healthcare revenue cycle management, also are able to process claims for H1N1 vaccination administration electronically. Emdeon Office allows these providers to verify insurance eligibility for more than 500 payers nationally, submit and track claims, and manage any changes to those claims through a web-based interface.

About Emdeon®

Emdeon is a leading provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon's product and service offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of products and services, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle process. For more information, visit http://www.emdeon.com/.

Statements made in this press release that express Emdeon's or management's intentions, plans, beliefs, expectations or predictions of future events are forward-looking statements, which Emdeon intends to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Forward-looking statements may include information concerning Emdeon's possible or assumed future results of operations, including descriptions of Emdeon's revenues, profitability and outlook for 2009 and its overall business strategy. You should not place undue reliance on these statements because they are subject to numerous uncertainties and factors relating to Emdeon's operations and business environment, all of which are difficult to predict and many of which are beyond Emdeon's control. Although Emdeon believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Emdeon's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements, including the risks discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections and elsewhere in Emdeon's Registration Statement on Form S-1 and the accompanying Prospectus thereto, as filed with the SEC, as well as Emdeon's periodic reports filed with the SEC and other public filings of Emdeon.

You should keep in mind that any forward-looking statement made by Emdeon herein, or elsewhere, speaks only as of the date on which made. Emdeon expressly disclaims any intent, obligation or undertaking to update or revise any forward-looking statements made herein to reflect any change in Emdeon's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

Emdeon

CONTACT: Amanda Woodhead, media contact of Emdeon, +1-615-932-3863,
awoodhead@emdeon.com, or Tommy Lewis, Investor Relations Contact of Emdeon,
+1-615-932-3235, tlewis@emdeon.com

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

Bank of America Charitable Gift Fund Enhancements Create Greater Access to Efficient and Flexible Donor-Advised Fund CapabilitiesBank of America Merrill Lynch Combination Offers Wide Range of Philanthropic Product and Service Options to Match Donors' Personal Giving Strategies

BOSTON, Nov. 4 /PRNewswire-FirstCall/ -- Bank of America Merrill Lynch today announced several enhancements to the Bank of America Charitable Gift Fund, one of the nation's leading donor-advised funds. These enhancements include the ability for donors to create a customized donor-advised fund that aligns to their personal giving strategies through an innovative online portal. The new portal provides donors with simplified access to a charitable vehicle that allows them to:

-- Access a full range of grant-making capabilities, and make grant recommendations anytime, from anywhere through an intuitive, easy-to-navigate portal -- Authorize an unlimited number of delegates to help fulfill and carry on a philanthropic legacy, with unlimited generational transfers -- Track balances, grant history and quarterly statements through a secure Web site -- Get started with an initial contribution of as little as $5,000 -- Choose from an expanded set of investment options -- Open a fund through a step-by-step online process, or with assistance from a Merrill Lynch Financial Advisor or U.S. Trust Advisor

Today, a nationwide team of more than 150 Bank of America Merrill Lynch philanthropic specialists works with donors, as well as their financial and wealth advisors, to help maximize the effectiveness of their giving. This vast network of philanthropic specialists offers expertise in family philanthropy, mission development, intergenerational wealth transfer, specific giving sectors and cross border philanthropy. Philanthropic specialists and Financial Advisors provide guidance to donors on the fundamental building blocks of strategic giving and are committed to helping them ensure that their charitable endeavors are fulfilling and effective.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

"We believe that with these enhancements, we are able to help more donors pursue their goals of broadening the impact and increasing the efficiency of their charitable giving," said Cary Grace, national philanthropic management executive for Bank of America Merrill Lynch. "Bank of America Merrill Lynch now offers a wide range of donor-advised fund and private foundation products and services, with a choice of options designed to help support the charitable goals of every type of donor - from the emerging philanthropist to the most sophisticated donor."

Donor-advised funds are the fastest growing charitable vehicles, with an average annual growth rate of 15% since 2003.(1) The 2008 Bank of America Study of High Net-Worth Philanthropy (March 2009), conducted by The Center on Philanthropy at Indiana University, further confirms that donor-advised funds are now one of the preferred giving vehicles utilized by affluent donors, with more than 20% of survey respondents currently using them, and another 20% indicating that they would consider using them in the next three years.(2)

Flexible Giving Options

Among the many benefits of the Bank of America Charitable Gift Fund is its ability to accept a wide range of assets as donations, including traditional assets, such as cash, stocks or mutual funds, as well as tangible or specialty assets, such as residential and commercial real estate, farmland, timberland, oil and gas properties, collectibles and private businesses at a time of liquidation.(3)

"We are increasingly seeing wealthy donors gift not only cash, but specialty assets which are oftentimes less affected by an economic downturn," said Gillian Howell, national private philanthropy executive for Bank of America Merrill Lynch. "Unlike most organizations, Bank of America Merrill Lynch, together with U.S. Trust, has the ability to both manage these gifted assets within a donor-advised fund, and convert them into cash donations. According to our study, 13% of wealthy donors surveyed gifted this type of asset in 2007, and 19% indicated a likelihood to gift specialty assets from 2008 to 2010.(2)"

Combination Creates Wide Range of Charitable Vehicle Options

"To successfully integrate personal giving into a comprehensive wealth management strategy, individuals and families must first understand the charitable vehicles that most appropriately align with their philanthropic goals, as well as the various options available within these vehicles and their potential benefits and risks," said Don Greene, national philanthropic product executive for Bank of America Merrill Lynch. "The grantee, gifting and investment options within our Charitable Gift Fund are among the broadest in the industry."

Established in 1955, today the Bank of America Charitable Gift Fund is part of a much larger organization that offers a full range of philanthropic strategies to individual and institutional clients. Additional Bank of America Merrill Lynch Philanthropic Management strategies include:

-- Merrill Lynch Community Charitable Fund® (MLCCF) Program - A complement to the Bank of America Charitable Gift Fund, the MLCCF program offers an innovative philanthropic service that allows donors to create a donor-advised fund with guidance from their Merrill Lynch Financial Advisor and leading community foundations. -- Foundation Advisory Services - A comprehensive range of support services designed to help individuals and families establish and maintain a private foundation. From the development of a mission to strategic planning, governance and grant-making services, dedicated philanthropic specialists help clients enjoy their philanthropy and focus on their charitable objectives rather than the administrative tasks associated with managing a foundation. Bank of America Merrill Lynch works with donors to help them create highly customized investment strategies driven by foundation mission, which may include funding and asset allocation strategies designed to help meet future spending needs, preserve a legacy or accommodate sunset provisions.

"We believe that our more than two centuries of experience managing charitable assets, extensive resources, ongoing innovation and long-standing philanthropic commitment across three leading financial institutions - Bank of America, U.S. Trust and Merrill Lynch - give us the unique ability to understand and support donors' philanthropic desires and ambitions, as well as the needs of non-profit institutions," added Grace.

For more information about the Bank of America Charitable Gift Fund, Merrill Lynch Community Charitable Fund and Foundation Advisory Services visit these Web sites or contact your Merrill Lynch Financial Advisor or U.S. Trust Advisor for assistance.

Bank of America Merrill Lynch Philanthropic Management

Philanthropic Management has more than 220 years of experience serving nonprofit institutions, philanthropic individuals and families. Philanthropic Management distributes more than $300 million in grants to charitable organizations annually on behalf of its clients, and serves as trustee, co-trustee or grant-making agent for more than 30,000 philanthropic accounts. Bank of America Merrill Lynch is one of the nation's leading providers of investment and philanthropic services to more than 10,000 individuals, families, foundations, endowments and other nonprofit organizations who entrust the company with over $55 billion in assets.(4)

(1) The Chronicle of Philanthropy's Annual Donor-Advised Fund Survey, 2009 (2) 2008 Bank of America Study of High Net-Worth Philanthropy, 2009

(3) Bank of America Charitable Gift Fund, in partnership with the U.S. Trust Specialty Asset Management Group, can, on a case-by-case basis, consider gifts of non-financial tangible assets such as real estate or a closely held business.

(4) Client assets at affiliates of Bank of America Corporation, including Bank of America, N.A., Merrill Lynch Bank & Trust Co., FSB and brokerage affiliate Merrill Lynch, Pierce, Fenner & Smith Incorporated, as of Jan. 1, 2009.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 53 million consumer and small business relationships with 6,000 retail banking offices, more than 18,000 ATMs and award-winning online banking with more than 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Bank of America Merrill Lynch is a marketing name for the Institutional Retirement, Philanthropy & Investments businesses of Bank of America Corporation. Banking and fiduciary activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Brokerage services are performed globally by brokerage affiliates of Bank of America Corporation, including Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S). MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation.

Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Bank of America Merrill Lynch makes available investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation or in which Bank of America Corporation has a substantial economic interest, including Columbia Management, BlackRock, and Nuveen Investments.

Photo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b Bank of America

CONTACT: Media: Matt Card, +1-617-434-1388,
matthew.card@bankofamerica.com; Investors: Kevin Stitt, +1-704-386-5667

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

TransDigm Fourth Quarter Earnings Report and Conference Call Set for Thursday, November 19, 2009

CLEVELAND, Nov. 4 /PRNewswire-FirstCall/ -- TransDigm Group Incorporated today said it will report fiscal 2009 fourth quarter earnings before the market opens on Thursday, November 19, 2009.

A conference call will follow at 11:00 a.m., Eastern Time. To join the call, dial (800) 573-4842 and enter the pass code 81756826. International callers should dial (617) 224-4327 and use the same pass code. A live audio webcast can be accessed online at http://www.transdigm.com/.

The webcast will be archived on the website and available for replay later that day. A telephone replay will be available for two weeks by dialing (888) 286-8010 and entering the pass code 49886700. International callers should dial (617) 801-6888 and use the same pass code.

About TransDigm Group

TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/ electromechanical actuators and controls, ignition systems and components, gear pumps, specialized valves, engineered connectors, power conditioning devices, specialized fluorescent lighting and AC/DC electric motors, aircraft audio systems, engineered latches and cockpit security devices, lavatory hardware and components, hold open rods and locking devices, specialized cockpit displays, elastomers, NiCad batteries/chargers, and starter generators and related components.

Contact: Jonathan Crandall 216.706.2945 ir@transdigm.com

TransDigm Group Incorporated

CONTACT: Jonathan Crandall, TransDigm Group Incorporated,
+1-216-706-2945, ir@transdigm.com

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

IntercontinentalExchange Chief Financial Officer to Present at Keefe, Bruyette & Woods 2009 Securities Brokerage Conference

ATLANTA, Nov. 4 /PRNewswire-FirstCall/ -- IntercontinentalExchange, Inc. , a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that Scott A. Hill, ICE's Chief Financial Officer, will speak at the Keefe, Bruyette & Woods 2009 Securities Brokerage Conference. The presentation will take place in New York, New York on Thursday, November 5, 10:30am ET (9:30am CT). The presentation will be broadcast live over the Internet and can be accessed via the "Investors & Media" page of ICE's website at http://www.theice.com/.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO ) About IntercontinentalExchange

IntercontinentalExchange® operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets. ICE Futures Europe® hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S.® and ICE Futures Canada® list agricultural, currency and Russell Index markets. ICE offers trade execution and processing for the credit derivatives markets through Creditex and ICE Link(TM), respectively, and CDS clearing through ICE Trust(TM) and ICE Clear Europe®. A component of the Russell 1000® and S&P 500 indexes, ICE® serves customers in more than 50 countries and is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. http://www.theice.com/

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2008, as filed with the SEC on February 11, 2009.

Photo: http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO IntercontinentalExchange

CONTACT: Sarah Stashak, Director, Investor & Public Relations,
IntercontinentalExchange, +1-770-857-0340, sarah.stashak@theice.com

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

Sirit Adds Solution-Oriented Features to INfinity 510 RFID Reader3.0 Firmware Introduces Stray Tag Elimination Technology

TORONTO, Nov. 4 /PRNewswire-FirstCall/ -- Sirit Inc. ("Sirit") (TSX: SI), a global provider of radio frequency identification ("RFID") technology, announced today the release of the 3.0 Firmware for its industry leading UHF reader, the INfinity 510 ("IN510"). The new firmware includes several new solution-oriented features including the Feature License Manager ("FLM"). The FLM helps control costs while allowing customers with advanced needs to expose specific features. The 3.0 firmware is fully compatible with all production hardware versions of the IN510.

The 3.0 firmware introduces "Stray Tag Elimination" technology ("STE"). This powerful addition allows customers to differentiate between tags that are actively transitioning the RF field and tags that are in the field but not moving. STE is particularly important around portals, such as a dock door, or for electronic article surveillance. The reader is able to distinguish between those tags moving through a portal or an exit separately from stationary tags in the vicinity of the portal.

"This feature is going to solve a lot of problems for our customers," said Dr. Bruce Roesner, Chief Technology Officer, Sirit. "The issue of stray tags has been a very expensive problem for many users of RFID. Sirit has taken advantage of the already industry leading performance of the IN510 coupling it with intelligent algorithms implemented directly in firmware to deliver a cost effective solution to our customers," continued Dr. Roesner.

The 3.0 firmware can achieve a peak throughput of 1,150 tags per second when configured for 640 kbps in the FCC region. This allows the IN510 to continue to be the leading reader of choice for high performance applications. In addition, the 3.0 firmware expands regulatory support into Japan, Barbados, Colombia, Peru and Korea.

In addition to STE technology and increased throughput, the IN510 v3.0 firmware supports additional "solution-oriented" features including:

- Antenna Crossing Event - which allows users to discretely determine order of closely spaced items as they move past the antenna. - Tag Phase Reporting - which enables advanced users to observe raw tag phase data and use these data as inputs to advanced algorithms that solve unique problems. - Automatic Throughput Optimization - which proactively and dynamically manipulates reader settings to enhance performance.

Sirit is also excited to extend the IN510's base functionality through support of EPC Global Gen2 v.1.2.0, 496 bit EPC ID's and Alien Higgs-3 custom commands as well as numerous other enhancements.

"The next generation of RFID readers must do much more than simply read tags," said Norbert Dawalibi, Chief Executive Officer, Sirit. "RFID readers need to solve problems. With the 3.0 firmware, Sirit makes RFID work by bringing unique solutions to our customers' real world issues."

Previous versions of IN510's currently covered under Sirit's warranty program qualify for a free upgrade. Customers seeking to upgrade their IN510's can contact their local Sirit partner to obtain the firmware upgrade, the FLM specialized features or associated documentation. Additional details can be found at http://www.sirit.com/.

About Sirit Inc.

Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) technology worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 16 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Sirit's broad portfolio of products and capabilities can be customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Near Field Communications, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit http://www.sirit.com/.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian provincial securities legislation. These forward-looking statements relate to, among other things, Sirit's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "suspect", "outlook", "expect", "intend", "estimate", "anticipate", "believe", "plan", "forecast", "objective" and "continue" (or the negative thereof) and words and expressions of similar import, and may include statements concerning possible or assumed future results, financial outlook and/or future-oriented financial information. Although Sirit believes that the expectations reflected in such forward-looking statements are reasonable, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Sirit to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting Sirit's business. Important factors that could cause actual results to differ materially from expectations include but are not limited to: Sirit's ability to achieve commercialization and/or commercial acceptance of its RFID technology; the evolution of, and adoption rate in, the RFID market; Sirit's inability to expand sales both within and outside its traditional markets; changes in Sirit's strategic relationships; Sirit's dependence on resellers, distributors and significant customers; the utility of research and development expenditures undertaken by Sirit; product defects; increased levels of competition; changes in laws and regulations; foreign exchange fluctuations; and Sirit's overall liquidity and capital resources. These and other important risks are discussed in further detail in the section entitled "Risks Factors" in Sirit's Annual Information Form dated March 13, 2009 and in Sirit's management's discussion and analysis found in its 2008 annual report as filed with the securities regulatory authorities in Canada via SEDAR. Although Sirit has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Unless otherwise required by law, Sirit does not undertake any obligation to update any forward-looking statements contained in this news release as a result of new information, further events or otherwise. This cautionary statement expressly qualifies the forward-looking information in this news release.

"Sirit", the Sirit Design and "vision beyond sight" are all trademarks of Sirit Inc. All other names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Sirit Inc.

CONTACT: Anastasia Chodarcewicz, Sirit Inc., (416) 367-1897 x227,
achodarcewicz@sirit.com

Grubb & Ellis Company Files Five-Day Extension for Third Quarter Form 10-Q to Include Information on Closing of $90 Million Preferred Equity TransactionCompany to Release Earnings on Wednesday, November 11

SANTA ANA, Calif., Nov. 4 /PRNewswire-FirstCall/ -- Grubb & Ellis Company , a leading real estate services and investment firm, today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission related to the filing of its Form 10-Q for the third quarter ended September 30, 2009.

The company said that the extension is necessary to include information on its $90 million preferred equity transaction, which is expected to close on or about November 6. Grubb & Ellis expected to file its Form 10-Q within the five-day extension period afforded by Form 12b-25.

Grubb & Ellis has scheduled a live webcast to discuss its 2009 third quarter results on Wednesday, November 11, at 10:30 a.m. Eastern Standard Time. The Company will issue its financial results before the market opens that morning.

The conference call will be webcast on the investor relations section of Grubb & Ellis' Web site at http://www.grubb-ellis.com/ or may be accessed by dialing 1.866.510.0712 for domestic callers and 1.617.597.5380 for international callers. The conference call ID number is 54972050.

An audio replay will be available beginning at 1 p.m. EST on Wednesday, November 11, until 7 p.m. EST on Wednesday, November 18 and can be accessed by dialing 1.888.286.8010 for domestic callers and 1.617.801.6888 for international callers and entering conference call ID 78476912. In addition, the conference call audio will be archived on the Company's Web site following the call.

About Grubb & Ellis

Named to The Global Outsourcing 100(TM) in 2009 by the International Association of Outsourcing Professionals(TM), Grubb & Ellis Company is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges, mutual funds and other real estate investment funds. For more information, visit http://www.grubb-ellis.com/.

Forward-Looking Statements

Certain statements included in this press release may constitute forward-looking statements regarding, among other things, the ability of future revenue growth, market trends, new business opportunities and investment programs, results of operations, changes in expense levels and profitability and effects on the company of changes in the real estate markets. These statements involve known and unknown risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. Such factors which could adversely affect the company's ability to obtain these results include, among other things: (i) a continued or further slowdown in the volume and the decline in transaction values of sales and leasing transactions; (ii) the general economic downturn and recessionary pressures on businesses in general; (iii) a prolonged and pronounced recession in real estate markets and values; (iv) the unavailability of credit to finance real estate transactions in general and the company's tenant-in-common programs, in particular; (v) the reduction in borrowing capacity under the company's current credit facility, and the additional limitations with respect thereto; (vi) the ability to obtain the requisite stockholder approval to increase the company's authorized capital; (vii) the ability of the company to return to compliance with the NYSE's continued listing standards; (viii) the success of current and new investment programs; (ix) the success of new initiatives and investments; (x) the inability to attain expected levels of revenue, performance, brand equity and expense synergies resulting from the merger of Grubb & Ellis Company and NNN Realty Advisors in general, and in the current macroeconomic and credit environment, in particular and (xi) other factors described in the company's annual report on Form 10-K/A for the fiscal year ending December 31, 2008, Form 10-Q for the three-month periods ending March 31, 2009 and June 30, 2009 and in other current reports on Form 8-K filed with the Securities and Exchange Commission (the "SEC"). The company does not undertake any obligation to update forward-looking statements.

Grubb & Ellis

CONTACT: Janice McDill of Grubb & Ellis Company, +1-312-698-6707,
janice.mcdill@grubb-ellis.com

Web Site: http://www.grubb-ellis.com/

Banco Bradesco: Third Quarter 2009 Earnings Results

SAO PAULO, Brazil, Nov. 4 /PRNewswire/ -- The main figures obtained by Bradesco in the 9-month period of 2009 are presented below:

1. Net Income for the 9-month period totaled R$5.831 billion (a 0.2% y-o-y variation relative to the adjusted net income of R$5.819 billion), corresponding to EPS of R$2.49 (accumulated over 12 months) and a 21.8% annualized return on Average Shareholders' Equity (1).

2. Net income comprised R$3.936 billion from financial activities, which represented 68% of the total, and R$1.895 billion from insurances and private pension plans, which accounted for 32% of total Net Income.

3. Bradesco's market capitalization as of September 30, 2009 stood at R$98.751 billion, highlighting that its preferred shares increased by 57.8% during the 9 month period of 2009.

4. Total Assets reached R$485.686 billion in September 2009, an increase of 14.9% vis-avis 2008. Annualized return on average Assets reached 1.6%, vis-à-vis 2.0% in the same period of last year.

5. The Total Loan Portfolio(2) stood at R$215.536 billion in September 2009, 10.2% higher on a y-o-y analysis. Operations with individuals totaled R$75.528 billion (up by 8.2%), while loans to corporations totaled R$140.008 billion (up by 11.3%).

6. Total Assets under Management reached R$674.788 billion, an increase of 18.3% vis-avis September 2008.

7. Shareholders' Equity totaled R$38.877 billion in September 2009, a 13.8% y-o-y growth. The Capital Adequacy Ratio (Basel II) stood at 17.7% in September 2009, 14.3% of which being Tier I Capital.

8. In the 9-month period of 2009, shareholders were paid, in the form of Interest on Shareholders' Capital and Dividends, R$3.868 billion, R$1.987 billion of which referring to the income generated in the period and R$1.881 billion referring to the year of 2008.

9. The Efficiency Ratio(3) in September 2009 was 41.7% (43.0% in September 2008).

10. Investments in infrastructure, IT and telecommunications amounted to R$2.493 billion, up by 35.6% y-o-y.

11. Taxes and contributions, including social security, paid or provisioned, calculated based on the main activities developed by the Bradesco Organization in the 9-month period, amounted to R$7.037 billion, equivalent to 120.7% of the Net Income. Financial intermediation taxes withheld and paid by Bradesco amounted to R$4.152 billion.

12. Banco Bradesco has a comprehensive distribution network, of 5,951 Branches, minibranches- PABs and PAAs (3,419 branches, 1,194 mini-branches-PABs and 1,338 PAAs). In addition, 1,539 PAEs, 30,414 ATMs in the Bradesco Dia&Noite (Day&Night) Network, 18,722 Bradesco Expresso outlets, 6,038 Banco Postal (Postal Bank) branches, 64 branches of Bradesco Financiamentos and 6,764 ATMs in the Banco24Horas (24HourBank) are available to Bradesco clients.

13. In 9M09, employees' compensation plus charges and benefits totaled R$5.065 billion. Social benefits provided to the 85,027 employees of Bradesco Organization and their dependent relatives stood at R$1.166 billion and investment expenditures in development and training programs reached R$66.3810 million.

14. In August 2009, Bradesco won 8 out of 26 lots auctioned by the Social Security National Service - INSS referring to the social security payment for new beneficiaries over the next 5 years, as of 2010, for a 20-year term.

15. In September 2009, Bradesco entered into a partnership with Banco Espirito Santo, S.A. (BES - Portugal) to create 2bCapital, a new private equity fund manager in Brazil.

16. In September 2009, Bradesco entered into an agreement with Banco Tokyo Mitsubishi UFJ Brasil to expand collection services.

17. In September 2009, Bradesco raised U$750 million abroad, by issuing subordinated notes with a 6.75% p.a. rate and a 10-year term.

18. Awards and Acknowledgements received in 3Q09: - Most profitable Bank in the Americas (Economatica consulting firm);

- Best Company of the year, best Bank, best Insurance, Private Pension and Health Company among the top 500 largest Brazilian companies (IstoE Dinheiro magazine)

- Bradesco Seguros e Previdencia (Insurance Group) is Brazil's Largest Insurance Group (Valor 1000 Yearbook magazine);

- For the 2nd year in a row, Bradesco Seguros e Previdencia was elected the Best Insurance Company in South America (World Finance magazine);

- Once again Bradesco was included in the Dow Jones Sustainability World Index (DJSI);

- One of the 10 best companies and the Best Bank to work for in Brazil, in the Large Corporates category (Guia Voce S/A Exame magazine);

- Largest Brazilian company in terms of Intangible Assets of companies listed at BM&FBovespa (IAM - Intangible Asset Management Consulting / The Brander magazine / Brand Finance consulting company);

- Winner of the 11th Abrasca Award - 2008 Best Annual Report, in the Publicly-Held Companies category, promoted by Abrasca - Brazilian Association of Publicly-Held Companies; and

- First Brazilian company to receive the 2009 Golden Peacock Global Award for Excellence in Corporate Governance, created by the Institute of Directors, whose purpose is to recognize the search for transparency and excellence in Corporate Governance.

19. In October 2009, an Association Agreement is signed between OdontoPrev and Bradesco Dental, to integrate dental plans sales activities, which provides for the merger of Bradesco Dental shares into OdontoPrev, and, as a result, Bradesco Dental becomes OdontoPrev's wholly-owned subsidiary. According to the agreement, Bradesco Saude will receive shares equivalent to 43.5% of OdontoPrev capital stock.

20. Regarding Sustainability, Bradesco's actions are focused on three pillars: (i) Sustainable Finances, aimed at bank inclusion, social and environmental variables for loan granting and offering of social and environmental products, (ii) Responsible Management, with emphasis in employee recognition, work environment improvement and eco-efficient practices, and (iii) Social and Environmental Investments, aimed at education, the environment, culture and sport. We highlight Fundacao Bradesco, which has been developing a broad social and educational program for over 52 years, maintaining 40 schools throughout Brazil. In 2009, with a budget estimated at R$231.3 million, Fundacao Bradesco will be able to service over 642 thousand people, 111 thousand (4) of which are students who will receive free-of-charge quality education.

(1) Excluding the assets valuation adjustment recorded in Shareholders' Equity; (2) Considering Sureties and Guarantees, advance of credit cards receivables and loan assignment (Receivables Securitization Funds - FIDC and Certificates of Real Estate Receivables - CRI); (3) Accumulated over 12 months; and (4) Forecast.

Banco Bradesco

CONTACT: Carlos Tsuyoshi Yamashita, Tel: (55 11) 2178 6204, e-mail
4823.carlos@bradesco.com.br., of Banco Bradesco

Web Site: http://www.bradesco.com.br/ri

SXC Health Solutions announces $50 million PBM contract with Spectral Solutions, LLC

LISLE, IL, Nov. 4 /PRNewswire-FirstCall/ -- SXC Health Solutions Corp. ("SXC" or the "Company") , a leading provider of technology and pharmacy benefit management (PBM) services, announces that its informedRx PBM unit has been awarded a four-year contract to provide PBM services to Spectral Solutions LLC ("Spectral"), a Pharmacy Benefit Administrator that manages an annual drug spend of more than $50 million.

Spectral delivers services to support the Medicare Part D plans of Freedom Health Plan Optimum HealthCare, Inc; America's 1st Choice Health Plans in North and South Carolina and Georgia; and also provides benefits for Freedom 1st Medicaid members in Florida. Under the terms of the agreement, services commence January 1, 2010 with Spectral utilizing the full suite of informedRx PBM services, including specialty therapy management.

"With the advent of Medicare Part D and the drug access expectations with the program, it is imperative that drug benefit management utilizes every technological advantage to deliver a cost effective, clinically sound benefit for its members," said Mike Keilty, COO and Director of Pharmacy for Spectral Solutions. "We are extremely excited that our partnership with informedRx will afford us the expertise and technology to successfully manage our clients' drug benefit plans."

"Spectral's decision to move forward with SXC underscores the flexibility of our business model and the level of service we can provide to clients who have unique benefit plan requirements," said Mark Thierer, President and CEO of SXC. "Our ability to deliver our services in a custom package enables Spectral to develop unique competitive offerings for their clients and will help support their long term growth objectives for the business."

About Spectral Solutions LLC

Spectral Solutions LLC is a pharmacy benefit administration company committed to changing the landscape of drug benefit management through innovation and clinically sound, cost effective pharmaceutical care. Providing drug benefit management for a number of rapidly growing Medicare Part D plans, its expertise in formulary management and clinical programs, has created a synergy for plan/member satisfaction. This has contributed to its client's success and growth. Headquartered in Clearwater, Florida, learn more at http://www.spectralsolutions.com/.

About SXC Health Solutions Corp.

SXC Health Solutions Corp. is a leading provider of pharmacy benefit management (PBM) services and Healthcare Information Technology (HCIT) solutions to the healthcare benefits management industry. As the industry's "Technology-Enabled PBM"(TM), SXC's product offerings and solutions combine a wide range of advanced PBM services, software applications, application service provider (ASP) processing services, and professional services to help healthcare organizations reduce the cost of prescription drugs and deliver better healthcare to their members. SXC serves many of the largest organizations in the pharmaceutical supply chain, such as health plans; employers; Federal, provincial, and state governments; institutional pharmacies; pharmacy benefit managers; and retail pharmacy chains. SXC is headquartered in Lisle, Illinois with multiple locations in North America. Learn more at http://www.sxc.com/.

Forward-Looking Statements

Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause our actual financial results, performance, or achievements to be materially different from our estimated future results, performance or achievements expressed or implied by those forward-looking statements. Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation, our ability to achieve increased market acceptance for our product offerings and penetrate new markets; consolidation in the healthcare industry; the existence of undetected errors or similar problems in our software products; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; our ability to compete successfully; potential liability for the use of incorrect or incomplete data; the length of the sales cycle for our healthcare software solutions; interruption of our operations due to outside sources; our dependence on key customers; maintaining our intellectual property rights and litigation involving intellectual property rights; our ability to obtain, use or successfully integrate third-party licensed technology; compliance with existing laws, regulations and industry initiatives and future change in laws or regulations in the healthcare industry; breach of our security by third parties; our dependence on the expertise of our key personnel; our access to sufficient capital to fund our future requirements; and potential write-offs of goodwill or other intangible assets. This list is not exhaustive of the factors that may affect any of our forward-looking statements. Other factors that should be considered are discussed from time to time in SXC's filings with the U.S. Securities and Exchange Commission, including the risks and uncertainties discussed under that captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our 2008 Annual Report on Form 10-K and subsequent Form 10-Qs, which are available at http://www.sec.gov/. Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to SXC or persons acting on our behalf are expressly qualified in their entirety by this notice. We disclaim any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.

Certain of the assumptions made in preparing forward-looking information and management's expectations include: maintenance of our existing customers and contracts, our ability to market our products successfully to anticipated customers, the impact of increasing competition, the growth of prescription drug utilization rates at predicted levels, the retention of our key personnel, our customers continuing to process transactions at historical levels, that our systems will not be interrupted for any significant period of time, that our products will perform free of major errors, our ability to obtain financing on acceptable terms and that there will be no significant changes in the regulation of our business.

SXC Health Solutions Corp.

CONTACT: Jeff Park, Chief Financial Officer, SXC Health Solutions, Inc.,
Tel: (630) 577-3206, investors@sxc.com; Dave Mason, Investor Relations -
Canada, The Equicom Group Inc., (416) 815-0700 ext. 237,
dmason@equicomgroup.com; Susan Noonan, Investor Relations - U.S., The SAN
Group, LLC, (212) 966-3650, susan@sanoonan.com

MFA Financial, Inc. Announces Third Quarter 2009 Financial Results

NEW YORK, Nov. 4 /PRNewswire-FirstCall/ -- MFA Financial, Inc. today reported net income of $64.8 million, or $0.25 per share of common stock, for the third quarter ended September 30, 2009. On October 1, 2009, MFA announced its third quarter 2009 dividend of $0.25 per share of common stock, which was paid on October 30, 2009 to stockholders of record as of October 13, 2009. As of September 30, 2009, MFA's book value per share of common stock was $7.57 versus $6.99 as of June 30, 2009.

Stewart Zimmerman, MFA's Chairman of the Board and CEO, said "MFA's third quarter net income represents a return on average equity ("ROE") of 13.7%. Since December 31, 2008, MFA's book value per share has increased 43.1%. Our goal remains to position MFA to continue to generate a double digit ROE through appropriately leveraged investments in high-quality residential mortgage-backed securities ("MBS") including both Agency MBS ("Agency MBS") and non-Agency residential MBS ("Non-Agency RMBS"). With $486.7 million of cash and cash equivalents, and $235.1 million of unpledged Agency MBS, we remain poised to take advantage of future investment opportunities within the residential MBS marketplace. By blending Non-Agency RMBS with Agency MBS, MFA seeks to generate attractive returns while reducing leverage and sensitivity to prepayments."

William Gorin, MFA's President and CFO, said "In the third quarter, MFA continued to acquire Non-Agency RMBS funded in part with proceeds from our July 29, 2009 common stock offering. We continue to perform detailed analysis in our asset selection process while allocating additional capital to Non-Agency RMBS. As of September 30, 2009, approximately 42% of our common equity was allocated to funding investments in Non-Agency RMBS. During 2009, we have not acquired any additional Agency MBS due to high premium prices and historically low yields. As a result, we have substantially reduced our reliance on leverage through repurchase financings. As of September 30, 2009, MFA's overall debt-to-equity multiple was 3.4x versus 4.8x as of June 30, 2009. By utilizing less leverage, we believe that future earnings will be less sensitive to changes in interest rates and the yield curve."

Through MFA's wholly-owned subsidiary MFResidential Assets I, LLC ("MFR LLC"), MFA continues to take advantage of the investment opportunities in Non-Agency RMBS. In the third quarter, MFR LLC began to utilize a modest amount of leverage in connection with certain of its purchases of Non-Agency RMBS. Under GAAP, MFR LLC's purchases of Non-Agency RMBS in which the seller also provided the initial repurchase financing are considered part of one single arrangement, or a "linked transaction." In linked transactions, rather than report the gross amount of the purchased Non-Agency RMBS and the repurchase financing liability separately, the net of these items is included on the balance sheet as a forward contract to repurchase MBS ("MBS Forwards"), with any changes in the value of these MBS Forwards recorded in earnings. As of September 30, 2009, MFR LLC had Non-Agency RMBS with fair value of $215 million linked to $163 million of repurchase liabilities, which were netted and reported as MBS Forwards totaling $53 million on MFA's consolidated balance sheet.

At September 30, 2009, MFR LLC owned Non-Agency RMBS (including the Non-Agency RMBS underlying our MBS Forwards) with a fair value of $958.9 million. These Non-Agency RMBS, which had a cost basis of $861.4 million at September 30, 2009, were acquired at a deeply discounted weighted average purchase price of 60.1% of the face amount of the securities and, at September 30, 2009, had average structural credit enhancement of 10.6%. This structured credit enhancement, along with the highly discounted purchase price, mitigates MFA's risk of loss on these investments. In the third quarter, these assets generated a loss-adjusted yield on gross assets of 13.3%. Unlike MFA's Agency MBS, due to their discounted purchase prices, the return on these assets will increase if the prepayment rates on these securities trend up.

During the third quarter of 2009, MFA's portfolio spread, which is the difference between MFA's interest-earning asset portfolio (including cash balances) net yield of 5.18% and its 2.70% cost of funds, was 2.48%. During the third quarter, MFA's MBS net spread, which is the difference between MFA's MBS net yield of 5.43% and its cost of funds, was 2.73%. Based on current LIBOR and repo rates, we expect MFA's overall funding costs will continue their downward trend in the fourth quarter of 2009. MFA's book value per share includes a negative swap valuation of $178.4 million as of September 30, 2009 from existing interest rate hedges. As of September 30, 2009, under its swap agreements, MFA had an average fixed pay rate of interest of 4.24% and a floating receive rate of 0.33% on notional balances totaling $3.314 billion, with an average maturity of 25 months. In the third quarter of 2009, MFA's costs for compensation and benefits and other general and administrative expenses were $5.4 million.

At September 30, 2009, Agency MBS and related receivables totaled $8.440 billion, Non-Agency RMBS and related receivables (including Non-Agency RMBS underlying our MBS Forwards) were $1.170 billion and cash and restricted cash was $531 million. We anticipate that the majority of MFA's assets will continue to be whole pool Agency MBS due to the attractiveness of the asset class and for purposes of our exemption under the Investment Company Act of 1940. The average cost basis of MFA's Agency MBS portfolio was 101.3% of par at September 30, 2009. MFA's MBS assets continue to be financed with multiple funding providers through repurchase agreements.

MFA takes into account both coupon resets and expected prepayments when measuring the sensitivity of its MBS portfolio to changing interest rates. MFA's MBS are primarily hybrids which have an initial fixed interest rate for a specified period of time and, thereafter, generally reset annually. In measuring its assets-to-borrowing repricing gap ("Repricing Gap"), MFA measures the difference between: (a) the weighted average months until coupon adjustment or projected prepayment on its MBS portfolio; and (b) the months remaining on its repurchase agreements including the impact of interest rate swap agreements. Assuming a 15% CPR, as of September 30, 2009, the weighted average time to repricing or assumed prepayment for MFA's MBS portfolio (excluding those assets held through MFR LLC which are less sensitive to changes in interest rates due to the fact that they generate significantly higher yields, which are impacted to a greater extent by credit performance and prepayments) was approximately 31 months and the average term remaining on its repurchase agreements, including the impact of interest rate swaps, was approximately 14 months, resulting in a Repricing Gap of approximately 17 months. The prepayment speed on MFA's MBS portfolio averaged 20.2% CPR during the third quarter of 2009.

Stockholders interested in participating in MFA's Discount Waiver, Direct Stock Purchase and Dividend Reinvestment Plan (the "Plan") or receiving a Plan prospectus may do so by contacting The Bank of New York Mellon, the Plan administrator, at 1-866-249-2610 (toll free). For more information about the Plan, interested stockholders may also go to the website established for the Plan at http://www.bnymellon.com/shareowner/isd or visit MFA's website at http://www.mfa-reit.com/.

MFA will hold a conference call on Wednesday, November 4, 2009, at 10:00 a.m. (New York City time) to discuss its third quarter 2009 financial results. The number to dial in order to listen to the conference call is (800) 398-9397 in the U.S. and Canada. International callers must dial (612) 288-0329. The replay will be available through Wednesday, November 11, 2009, at 11:59 p.m., and can be accessed by dialing (800) 475-6701 in the U.S. and Canada or (320) 365-3844 internationally and entering access code: 122246. The conference call will also be webcast over the internet and can be accessed at http://www.mfa-reit.com/ through the appropriate link on MFA's Investor Information page or, alternatively, at http://www.ccbn.com/. To listen to the call over the internet, go to the applicable website at least 15 minutes before the call to register and to download and install any needed audio software.

When used in this press release or other written or oral communications, statements which are not historical in nature, including those containing words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions, are intended to identify "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, and, as such, may involve known and unknown risks, uncertainties and assumptions. Statements regarding the following subjects, among others, may be forward-looking: changes in interest rates and the market value of MFA's MBS; changes in the prepayment rates on the mortgage loans securing MFA's MBS; MFA's ability to borrow to finance its assets; implementation of or changes in government regulations or programs affecting MFA's business; MFA's ability to maintain its qualification as a REIT for federal income tax purposes; MFA's ability to maintain its exemption from registration under the Investment Company Act of 1940; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. These and other risks, uncertainties and factors, including those described in the annual, quarterly and current reports that MFA files with the SEC, could cause MFA's actual results to differ materially from those projected in any forward-looking statements it makes. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time and it is not possible to predict those events or how they may affect MFA. Except as required by law, MFA is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

MFA FINANCIAL, INC. CONSOLIDATED BALANCE SHEETS September 30, December 31, 2009 2008 (In Thousands, Except Per Share Amounts) (Unaudited) Assets: Mortgage-backed securities ("MBS") at fair value (including pledged MBS of $8,347,435 and $10,026,638, respectively) $9,349,052 $10,122,583 Cash and cash equivalents 486,695 361,167 Restricted cash 44,009 70,749 Forward contracts to repurchase MBS ("MBS Forwards") 53,459 - Interest receivable 44,646 49,724 Real estate, net 11,074 11,337 Securities held as collateral, at fair value - 17,124 Goodwill 7,189 7,189 Prepaid and other assets 2,878 1,546 Total Assets $9,999,002 $10,641,419 Liabilities: Repurchase agreements $7,575,287 $9,038,836 Accrued interest payable 12,722 23,867 Mortgage payable on real estate 9,184 9,309 Swaps, at fair value 178,353 237,291 Obligations to return cash and security collateral, at fair value - 22,624 Dividends and dividend equivalents rights payable 205 46,385 Accrued expenses and other liabilities 7,978 6,030 Total Liabilities $7,783,729 $9,384,342 Stockholders' Equity: Preferred stock, $.01 par value; series A 8.50% cumulative redeemable; 5,000 shares authorized; 3,840 shares issued and outstanding ($96,000 aggregate liquidation preference) $38 $38 Common stock, $.01 par value; 370,000 shares authorized; 280,000 and 219,516 issued and outstanding, respectively 2,800 2,195 Additional paid-in capital, in excess of par 2,179,942 1,775,933 Accumulated deficit (132,400) (210,815) Accumulated other comprehensive income/(loss) 164,893 (310,274) Total Stockholders' Equity $2,215,273 $1,257,077 Total Liabilities and Stockholders' Equity $9,999,002 $10,641,419 MFA FINANCIAL, INC. CONSOLIDATED STATEMENTS OF INCOME Three Months Ended Nine Months Ended (In Thousands, Except Per Share September 30, September 30, Amounts) 2009 2008 2009 2008 (Unaudited) Interest Income: MBS $124,399 $139,419 $383,029 $383,026 Cash and cash equivalent investments 149 1,529 1,020 6,711 Interest Income 124,548 140,948 384,049 389,737 Interest Expense 52,976 85,033 183,119 255,166 Net Interest Income 71,572 55,915 200,930 134,571 Other-Than-Temporary Impairments: Total other-than-temporary impairment losses - (183) (78,135) (5,051) Portion of loss recognized in other comprehensive income - - 69,126 - Net Impairment Losses Recognized in Earnings - (183) (9,009) (5,051) Other Income/(Loss): Gain on MBS Forwards, net 754 - 754 - Net gain/(loss) on sale of MBS - - 13,495 (24,530) Revenue from operations of real estate 378 407 1,145 1,219 Loss on early termination of Swaps, net - (986) - (92,467) Miscellaneous other income, net - 68 43 247 Other Income/(Loss) 1,132 (511) 15,437 (115,531) Operating and Other Expense: Compensation and benefits 3,710 3,264 10,824 8,595 Real estate operating expense and mortgage interest 444 439 1,359 1,312 New business initiative - - - 998 Other general and administrative expense 1,713 1,465 5,559 3,936 Operating and Other Expense 5,867 5,168 17,742 14,841 Net Income/(Loss) Before Preferred Stock Dividends 66,837 50,053 189,616 (852) Less: Preferred Stock Dividends 2,040 2,040 6,120 6,120 Net Income/(Loss) to Common Stockholders $64,797 $48,013 $183,496 $(6,972) Income/(Loss) Per Share of Common Stock: Basic and Diluted $0.25 $0.24 $0.78 $(0.04) Dividends Declared Per Share of Common Stock $0.25 $0.20 $0.47 $ 0.38 Reconciliation of Non-GAAP Financial Measures

This press release contains disclosures related to MFA's investments in Non-Agency RMBS and returns on such assets for the three months ended September 30, 2009, which may constitute non-GAAP financial measures within the meaning of Regulation G as promulgated by the Securities and Exchange Commission. The Company reports its Non-Agency RMBS based on the following categories: (1) "Legacy MBS," which are comprised of Non-Agency RMBS that were purchased by MFA prior to July 2007 and (2) "MFR MBS," which are Non-Agency RMBS acquired by MFR LLC. As previously described, certain MFR MBS purchases were presented as linked transactions in MFA's GAAP financial statements for the quarter ended September 30, 2009.

In assessing the performance of our MFR MBS portfolio, MFA's management does not view these transactions as linked, but rather views the performance of the linked MBS and the related repurchase financing as we would any other Non-Agency RMBS that is not part of a linked transaction. As a result, MFA's management believes that certain non-GAAP financial measures presented in our press release, when considered together with GAAP financial measures, provides information that is useful to investors in understanding period-over-period operating results and balance sheet composition. These non-GAAP financial measures enhance the ability of investors to analyze the performance of MFA's Non-Agency RMBS in the same way that MFA's management assesses such assets. These financial measures do not, however, take into account the effect of the recognized changes in mark-to-market values in MFA's earnings, which are included in GAAP earnings, as a component of the net gain on MBS Forwards for the periods presented. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. A reconciliation of information pertaining to MFA's Non-Agency RMBS that are a component of a linked transaction are reconciled below at and for the three months ended September 30, 2009 with the most directly comparable financial measure calculated in accordance with GAAP, as follows:

Adjustments Non-GAAP to Include Presentation MFR MBS (Including MBS Underlying Underlying (Dollars in Thousands) GAAP Based MBS Linked Information Forwards (1) Transactions) MFR MBS average amortized cost for the quarter ended September 30, 2009 $474,268 $66,648 $540,916 Amortized Cost of MFR MBS at September 30, 2009 $646,139 $215,302 $861,441 Amortized Cost of Legacy MBS at September 30, 2009 279,125 - 279,125 Total Amortized Cost of Non-Agency RMBS at September 30, 2009 $925,264 $215,302 $1,140,566 Fair Value of MFR MBS at September 30, 2009 $743,764 $215,153 $958,917 Fair Value of Legacy MBS at September 30, 2009 203,827 - 203,827 Fair Value of Non-Agency RMBS at September 30, 2009 947,591 215,153 1,162,744 Accrued Interest on Non-Agency RMBS 5,910 970 6,880 Non-Agency RMBS and Related Receivables $953,501 $216,123 $1,169,624 Coupon Interest on MFR MBS $10,435 $909 $ 11,344 Discount Accretion on MFR MBS 6,386 238 6,624 Interest Income on MFR MBS $16,821 $1,147 $ 17,968 Net Asset Yield on MFR MBS 14.2% 6.9% 13.3% Percent of Common Equity Allocated to Non-Agency RMBS: Total Stockholders' Equity $2,215,273 $ - $2,215,273 Less Liquidation Preference for Preferred Stock (96,000) - (96,000) Common Equity $2,119,273 $ - $2,119,273 Fair Value of Non-Agency RMBS at September 30, 2009 $947,591 $215,153 $1,162,744 Less Financing on Non-Agency RMBS at September 30, 2009 (2) (272,332) - (272,332) Net Equity Allocated to Non-Agency RMBS $675,259 $215,153 $890,412 Percent of Common Equity Allocated to Non-Agency RMBS 31.9% 10.1% 42.0% (1) Represents amounts associated with the Non-Agency RMBS underlying our MBS Forwards, had such MBS qualified to be recorded as a purchase, rather than as a component of a net derivative. (2) Includes financing of $162.6 million which is not presented as borrowings under repurchase agreements on the Company's consolidated balance sheet. CONTACT: MFA Investor Relations NYSE: MFA 800-892-7547 http://www.mfa-reit.com/

MFA Financial, Inc.

CONTACT: MFA Investor Relations, +1-800-892-7547

Web Site: http://www.mfa-reit.com/

Aaron's, Inc. Directors Raise Dividend by 5.9%

ATLANTA, Nov. 4 /PRNewswire-FirstCall/ -- Aaron's, Inc. , the nation's leader in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics and home appliances and accessories, today announced that its quarterly dividend rate has been raised to $.018 per share.

The Board of Directors of Aaron's, Inc. declared a quarterly cash dividend of $.018 per share on Common Stock and $.018 per share on Class A Common Stock, payable January 4, 2010 to shareholders of record as of the close of business on December 1, 2009. This is an increase of 5.9% from the previous quarterly dividend of $.017 per share on both classes of stock.

"This is the fifth consecutive year we have increased our dividend rate," said Robert C. Loudermilk, Jr., President and Chief Executive Officer. "This is a reflection of the Company's performance and we believe Aaron's will continue to grow in future periods with excellent financial returns for our shareholders."

Aaron's, Inc., based in Atlanta, currently has more than 1,665 Company-operated and franchised stores in 48 states and Canada. The Company also manufactures furniture and bedding at 12 facilities in five states.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron's, Inc.'s business that are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as changes in general economic conditions, competition, pricing, customer demand and other issues, and the risks and uncertainties discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008. Statements in this release that are "forward-looking" include without limitation Aaron's potential future growth and financial performance.

Aaron's, Inc.

CONTACT: Gilbert L. Danielson, Executive Vice President and Chief
Financial Officer of Aaron's, Inc., +1-404-231-0011

PolyOne Files Universal Shelf Registration

CLEVELAND, Nov. 4 /PRNewswire-FirstCall/ -- PolyOne Corporation , a premier global provider of specialized polymer materials, services and solutions, announced today that it has filed a universal shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC).

The shelf registration statement, when declared effective by the SEC, will provide PolyOne with the flexibility to offer and sell from time to time in the future, in one or more public offerings, up to $450 million of equity, debt, or other types of securities described in the registration statement, or any combination of such securities.

The proceeds of the securities may be used for general corporate purposes, including acquisitions, capital expenditures and repayment of debt. The specifics of any potential future offering, along with the prices, terms and use of proceeds of any securities offered by the company, will be determined at the time of any applicable offering and will be described in a prospectus supplement at the time of such applicable offering.

Stephen D. Newlin, chairman, president and chief executive officer of PolyOne, said, "We currently do not have any plans to offer or sell our securities under this registration statement in the immediate future. However, we believe that having a shelf registration statement in place is prudent as it provides PolyOne financial flexibility."

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute a solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of any such state. Any offer of these securities will be made solely by means of the prospectus included in the registration statement and any prospectus supplement that may be issued with respect to such an offering.

A copy of the prospectus included in the registration statement may be obtained on the SEC's web site at http://www.sec.gov/. In addition, when available, copies of the prospectus, and a prospectus supplement relating to a particular offering, may be obtained by contacting PolyOne Corporation, Attention: General Counsel, 33587 Walker Road, Avon Lake, Ohio 44012.

About PolyOne

PolyOne Corporation, with 2008 revenues of $2.7 billion, is a premier provider of specialized polymer materials, services and solutions. Headquartered outside of Cleveland, Ohio USA, PolyOne has operations around the world. For additional information on PolyOne, visit our Web site at http://www.polyone.com/.

To access PolyOne's news library online, please visit http://www.polyone.com/news.

PolyOne Corporation

CONTACT: Investor Relations, Robert M. Patterson, Senior Vice President
& Chief Financial Officer, +1-440-930-3302, or Media, Amanda Marko, Director,
Corporate Communications, +1-440-930-3162, amanda.marko@polyone.com, both of
PolyOne Corporation

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

Verizon Engages Law Enforcement, Advocacy Groups in Discussions of Online Safety, Digital CitizenshipCompany Is a Major Sponsor of the Family Online Safety Institute Conference

WASHINGTON, Nov. 4 /PRNewswire/ -- Furthering its commitment to online safety, Verizon is a major sponsor of the 2009 Family Online Safety Institute (FOSI) 2009 conference, Building a Culture of Responsibility from Online Safety to Digital Citizenship, which opens here Wednesday (Nov. 4).

The two-day conference brings together members of the law enforcement, media and academic communities, and Internet service providers, government agencies, nonprofits and advocacy groups to discuss and share best practices for online safety.

Also at the conference, English psychologist, writer and media personality Tanya Byron will receive a FOSI Award for Achievement in Child Online Safety. Byron, who was nominated by Verizon for the award, is being recognized for her study of the risks to children from exposure to potentially harmful or inappropriate material on the Internet and in video games. Her study, "Byron Review: Safer Children in a Digital World," was commissioned by British Prime Minister Gordon Brown.

"Verizon's advanced broadband networks connect people across the globe to the Internet for business, education and entertainment," said Michael McKeehan, Verizon's executive director of Internet and technology policy. "We understand the need to create a safe online environment, and we've long been committed to giving consumers the tools they need to manage their own communications online. Verizon is proud to once again support FOSI in bringing together the online community to create a safer Internet experience for everyone. Dr. Byron's work has had a global impact, and we congratulate her."

McKeehan will moderate a panel entitled A Review of Law Enforcement Trends and Prevention Initiatives on Nov. 4 at the conference. Panelists include Robert McKenna and Patrick Lynch, attorneys general of Washington and Rhode Island, respectively; Sgt. Jim Smith, of CT Internet Crimes Against Children; Ann Harkins of the National Crime Prevention Council; and Parry Aftab of WiredSafety.

On Thursday (Nov. 5), Jack McArtney, associate director of advertising and content standards for Verizon, will serve on a panel entitled Kids on the Go - Challenges Confronting Mobility.

"Through the use of online safety tools, such as Verizon's Parental Control Resource Center (http://www.verizon.net/parentalcontrol), parents can take simple, common-sense steps to manage and create their child's online experience so that it occurs in a safer and more secure environment, giving them added peace of mind" McArtney said.

Verizon is engaged in Internet safety on multiple fronts, providing customers with an industry-leading slate of online cyber-security tools and education programs to empower educators, parents and children. The company also works closely with law enforcement to assist with investigations involving crimes against children, and with partners to deliver tools and information to various segments of the community. Verizon has long been a supporter of efforts to encourage content providers to voluntarily label their Web sites; raise parental awareness of the benefits of labeling; and educate decision makers about the desirability of self-regulation of online content.

In 13 states across the country, Verizon has engaged leaders, teachers, parents and kids in online safety forums including most recently in Alabama, New Jersey, New York and Florida. The company has expanded its line-up of parental control tools available for free to Verizon Online and Verizon Wireless customers on the Verizon Parental Controls Center, http://www.verizon.net/parentalcontrol.

Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 89 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 230,000 and last year generated consolidated revenues of more than $97 billion. For more information, visit http://www.verizon.com/.

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

Verizon

CONTACT: Alberto Canal of Verizon, +1-908-559-6367,
alberto.c.canal@verizon.com

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

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

Virtus Investment Partners Reports Third Quarter Results- Operating Income, As Adjusted, Improves from $0.8 Million to $3.2 Million - Operating Loss Improves by $2.2 Million to $(0.6) Million - Gross Inflows up 16%; Second Consecutive Quarter of Positive Net Flows - Assets Under Management Grow 10% to $24.6 Billion

HARTFORD, Conn., Nov. 4 /PRNewswire-FirstCall/ -- Virtus Investment Partners, Inc. , which operates a multi-manager asset management business, today reported operating income, as adjusted, of $3.2 million for the quarter ended September 30, 2009, a sequential improvement of $2.4 million from the previous quarter. The improvement resulted from top-line revenue growth of 12 percent and benefits from the company's ongoing cost management program. The company recorded a 16 percent increase in gross inflows and a second consecutive quarter of positive net flows that contributed to a 10 percent growth in assets under management to $24.6 billion from $22.4 billion at the end of the second quarter.

Virtus had an operating loss for the quarter of $0.6 million compared with an operating loss of $2.8 million in the second quarter of 2009. Net income for the third quarter was $0.1 million, while the net loss attributable to common stockholders, after dividends to preferred shareholders, was $0.8 million or $0.14 per share, a 75 percent improvement from the net loss attributable to common stockholders of $3.1 million or $0.54 per share in the second quarter of 2009.

For the nine months ended September 30, 2009, Virtus had an operating loss of $7.9 million and operating income, as adjusted, of $2.6 million on revenue of $83.8 million and revenue, as adjusted, of $62.0 million. By comparison, the company had an operating loss of $446.2 million and operating income, as adjusted, of $6.4 million on revenue of $143.4 million and revenue, as adjusted, of $92.4 million for the nine months ended September 30, 2008. The 2008 period included a pre-tax, non-cash intangible asset impairment charge of $432.2 million.

In evaluating its performance, the company considers certain non-GAAP measures, including operating income, as adjusted, and revenue, as adjusted, that are described and reconciled to GAAP-reported amounts in the Schedule of Non-GAAP Information at the end of the release. These non-GAAP measures net the distribution and administration expenses against the related revenue and remove certain non-cash and other identified amounts. In addition, non-GAAP measures exclude revenue, expenses, and earnings attributed to Goodwin Capital Advisors, a former subsidiary that remained with Virtus' former parent when Virtus was spun off on December 31, 2008.

Financial Highlights (Dollars in thousands, except per share data or as noted) Three Months Three Months Ended Ended ------------------ --------- 9/30/2009 9/30/2008 Change 6/30/2009 Change --------- --------- ------ --------- ------ Ending Assets Under Management (1) (in billions) $24.6 $27.0 (9)% $22.4 10% Average Assets Under Management (1) (in billions) $23.7 $30.9 (23)% $21.9 8% Gross Flows (1) (in millions) $1,135.4 $928.1 22% $975.8 16% Net Flows (1) (in millions) $287.4 $(639.7) N/M $42.5 N/M Revenue $30,395 $44,806 (32)% $27,181 12% Revenue, as adjusted (2) $22,885 $28,507 (20)% $19,732 16% Operating loss $(622) $(427,816) 100% $(2,822) 78% Operating income, as adjusted (2) $3,213 $2,220 45% $791 N/M Net loss attributable to common stockholders $(788) $(337,269) 100% $(3,148) 75% Net loss per basic and diluted share $(0.14) $(58.43) 100% $(0.54) 74% Operating margin (2)% (955)% (10)% Operating margin, as adjusted (2) 14% 8% 4% Nine Months Ended ----------------- 9/30/2009 9/30/2008 Change --------- --------- ------ Ending Assets Under Management (1) (in billions) $24.6 $27.0 (9)% Average Assets Under Management (1) (in billions) $22.6 $34.7 (35)% Gross Flows (1) (in millions) $2,819.0 $3,177.0 (11)% Net Flows (1) (in millions) $(168.7) $(7,051.2) 98% Revenue $83,827 $143,387 (42)% Revenue, as adjusted (2) $62,030 $92,377 (33)% Operating loss $(7,915) $(446,248) 98% Operating income, as adjusted (2) $2,571 $6,394 (60)% Net loss attributable to common stockholders $(10,774) $(349,877) 97% Net loss per basic and diluted share $(1.86) $(60.62) 97% Operating margin (9)% (311)% Operating margin, as adjusted (2) 4% 7% N/M - Not Meaningful (1) The assets and business of Goodwin Capital Advisers, a former subsidiary, are not included in Virtus' results after December 31, 2008 and amounts from prior periods are excluded from these results for comparison purposes. Ending AUM, including Goodwin, were $41.2 billion as of September 30, 2008. Average AUM, including Goodwin, were $45.3 and $48.7 billion for the three and nine months ended September 30, 2008, respectively. (2) See "Schedule of Non-GAAP Information" at the end of the release. Management Discussion

George R. Aylward, president and chief executive officer, said the improved financial markets, a second consecutive quarter of positive net flows, and continued expense management were the primary factors for the sequential improvements in revenue, operating income, and operating margin.

"Positive investment performance from the improved markets, coupled with strong sales, particularly in our long-term mutual funds, and solid net flows drove growth in revenues during the quarter," Aylward said. "Expenses rose slightly as increases in profit- and sales-based variable costs were partially offset by our ongoing expense management efforts. We continue to make progress on one of our key objectives of improving our operating margin, as adjusted, which was 14 percent this quarter, compared with four percent in the last quarter and a negative margin in the first quarter."

Aylward cited long-term mutual fund sales that improved 26 percent from the second quarter, contributing to the double-digit growth in gross inflows for all products in the quarter. "This was our strongest quarter in two years with $790 million of mutual fund sales, which also put our mutual funds into net positive flows for the year-to-date period."

Revenue increased 12 percent to $30.4 million from $27.2 million in the second quarter of 2009 and revenue, as adjusted, increased 16 percent to $22.9 million from $19.7 million in the prior quarter.

Total operating expenses of $31.0 million were three percent higher than the prior quarter, and operating expenses, as adjusted, which exclude distribution and administration expenses, restructuring and severance charges, and certain non-cash charges, were $19.7 million, up four percent from the second quarter.

Employment expenses of $14.1 million were seven percent higher in the third quarter compared with the second quarter, reflecting increases in profit- and sales-based compensation costs, partially offset by reduced base compensation from staff reductions in the current and prior quarters. The company made an additional two percent reduction to its workforce during the quarter and has now reduced its staff by nine percent for the nine-month period ending September 30, 2009, following a 27 percent reduction in staffing during 2008. During the third quarter of 2009, the company had $0.5 million in restructuring and severance expenses, compared with $0.2 million in the second quarter of the year.

Other operating expenses were down six percent to $6.5 million from $7.0 million in the 2009 second quarter, which included $0.5 million of non-cash costs related to the equity portion of directors' annual retainer.

Assets Under Management

Assets under management at September 30, 2009 were $24.6 billion, up 10 percent from $22.4 billion at the end of the prior quarter. The growth came from $1.8 billion in market appreciation as well as $287.4 million of net flows. Average assets under management, which correspond to the company's fee-earning asset levels, increased eight percent during the quarter as increases in long-term mutual funds and managed account assets were partially offset by lower money market fund assets.

Gross product inflows in the third quarter were $1.1 billion, up 16 percent from $975.8 million in the second quarter and the second consecutive increase in quarterly sales. For the first nine months of 2009, Virtus had gross product inflows of $2.8 billion and net outflows of $168.7 million, compared with gross product inflows of $3.2 billion and net outflows of $7.0 billion for the first nine months of 2008. The outflows in 2008 included a $3.7 billion redemption from a low-fee, non-affiliated general account institutional client.

Long-term mutual fund assets ended the third quarter at $12.4 billion, up 13 percent from $10.9 billion in the prior quarter. Long-term mutual fund sales were $790.0 million, an increase of 26 percent from the second quarter, and net inflows of $249.0 million were 98 percent better than net inflows of $125.7 million in the second quarter. For the first nine months of 2009, Virtus' long-term mutual funds had positive net flows of $174.3 million on gross sales of $1.9 billion, compared with $392.4 million in net outflows on gross sales of $2.0 billion for the first nine months of 2008.

Mutual fund product initiatives during the third quarter included the introduction of the AlphaSector Rotation Strategy from F-Squared Investments in two funds, the Virtus AlphaSector(TM) Rotation Fund (Class A: PWBAX ) and the Virtus AlphaSector(TM) Allocation Fund (Class A: PSWAX). Virtus also offers F-Squared's AlphaSector Rotation Strategy in separate account form.

Separately managed account assets at September 30, 2009, which will form the basis for fourth-quarter revenue, were up 12 percent from June 30, 2009. Gross inflows improved by four percent to $291.4 million from $281.5 million in the second quarter, and net flows improved to $60.3 million from $2.6 million in the prior quarter.

Institutional sales were $54.0 million in the third quarter, compared with $68.1 million in the second quarter, while net outflows improved to $21.9 million from $85.8 million in the prior quarter due to the reduced level of outflows.

Liquidity and Capital Resources

At September 30, 2009 the company had $23.7 million of cash and cash equivalents and $30.9 million in working capital, compared with $25.6 million of cash and cash equivalents and $22.8 million in working capital as of June 30, 2009. The increase in working capital from June 30 is primarily attributable to the refinancing of Virtus' note payable which increased working capital by $8.0 million. The change in cash during the quarter included a $1.8 million dividend payment on the company's convertible preferred shares, and a $3.0 million payment to retire prior debt.

In the quarter, Virtus closed on a new senior secured revolving credit facility for an initial aggregate amount of $30.0 million. The company extinguished its previously outstanding debt of $18.0 million using $15.0 million under the new credit facility and $3.0 million of its cash resources. The $30.0 million facility has a term of two years, with the maximum amount available reducing to $18.0 million in the second year. The facility will have a variable interest rate benchmarked to standard market indices. The company's effective interest rate for the quarter was 8.5 percent, down from 9.0 percent in the prior quarter, driven by a 6.9 percent variable interest rate, inclusive of the amortization of deferred financing costs, on the new facility that was put in place on September 1, 2009.

In September, Virtus' former parent filed its 2008 federal income tax return, which included Virtus as a majority-owned subsidiary. Through a tax separation agreement, as amended, between the two companies, Virtus was provided a waiver necessary to preserve its tax basis in certain intangible assets. The waivers and elections were taken into consideration in establishing deferred tax assets in Virtus' 2008 financial statements and are not anticipated to be significantly affected by this September tax filing. As of September 30, 2009, Virtus had approximately $115.3 million of gross deferred tax assets, consisting primarily of tax basis in intangible assets, and has recorded a valuation allowance of $108.6 million for these assets.

About Virtus Investment Partners

Virtus Investment Partners is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Virtus Mutual Funds are distributed by VP Distributors, Inc., a subsidiary of Virtus Investment Partners. Additional information can be found at http://www.virtus.com/.

Forward-Looking Information

This press release contains statements that are, or may be considered to be, forward-looking statements. All statements that are not historical facts, including statements about our beliefs or expectations, are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements may be identified by such forward-looking terminology as "expect," "estimate," "plan," "intend," "believe," "anticipate," "may," "should," or similar statements or variations of such terms.

Our forward-looking statements are based on a series of expectations, assumptions and projections about our company, are not guarantees of future results or performance, and involve substantial risks and uncertainty, including assumptions and projections concerning our assets under management, cash inflows and outflows, operating cash flows, expected cost savings, and future credit facilities, for all forward periods. All of our forward-looking statements are as of the date of this release only. The company can give no assurance that such expectations or forward-looking statements will prove to be correct. Actual results may differ materially.

Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties, including the following: (a) the effects of recent adverse market and economic developments on all aspects of our business; (b) any poor performance in the securities markets; (c) any poor relative investment performance of some of our asset management strategies and any resulting outflows in our assets under management; (d) any lack of availability of additional financing, as may be needed, on satisfactory terms or at all; (e) any inadequate performance of third-party relationships; (f) the withdrawal of assets from under our management; (g) the impact of our separation from our former parent; (h) our ability to attract and retain key personnel in a competitive environment; (i) the ability of independent trustees of our mutual funds and closed-end funds, intermediary program sponsors, managed account clients and institutional asset management clients to terminate their relationships with us; (j) the possibility that our goodwill or intangible assets could become further impaired, requiring a charge to earnings; (k) the strong competition we face in our business from mutual fund companies, banks and asset management firms, most of which are larger than we are; (l) potential adverse regulatory and legal developments; (m) the difficulty of detecting misconduct by our employees, sub-advisors and distribution partners; (n) changes in accounting standards; (o) the ability to satisfy the financial covenants under our senior secured revolving Credit Facility or other future credit facilities; and (p) certain other risks and uncertainties described in our 2008 Annual Report on Form 10-K or in any of our filings with the Securities and Exchange Commission ("SEC").

Certain other factors which may impact our continuing operations, prospects, financial results and liquidity or which may cause actual results to differ from such forward-looking statements are discussed or included in the company's periodic reports filed with the SEC and are available on the our website at http://www.virtus.com/ under "Investor Relations". You are urged to carefully consider all such factors.

The company does not undertake or plan to update or revise any such forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of this release, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. If there are any future public statements or disclosures by us which modify or impact any of the forward-looking statements contained in or accompanying this release, such statements or disclosures will be deemed to modify or supersede such statements in this release.

Financial Highlights (Unaudited) (Dollars in thousands, except per share data or as noted) Three Months Three Months Ended Ended ------------------ ------- 9/30/2009 9/30/2008 Change 6/30/2009 Change --------- --------- ------ --------- ------ Ending Assets Under Management (1) (in billions) $24.6 $27.0 (9)% $22.4 10% Average Assets Under Management (2) (in billions) $23.7 $30.9 (23)% $21.9 8% Gross Flows (1) (in millions) $1,135.4 $928.1 22% $975.8 16% Net Flows (1) (in millions) $287.4 $(639.7) N/M $42.5 N/M Revenue $30,395 $44,806 (32)% $27,181 12% Revenue, as adjusted (3) $22,885 $28,507 (20)% $19,732 16% Operating expenses $31,017 $472,622 (93)% $30,003 3% Operating expenses, as adjusted (3) $19,672 $26,287 (25)% $18,941 4% Operating loss $(622) $(427,816) 100% $(2,822) 78% Operating income, as adjusted (3) $3,213 $2,220 45% $791 N/M Operating margin (2)% (955)% (10)% Operating margin, as adjusted (3) 14% 8% 4% Net loss attributable to common stockholders $(788) $(337,269) 100% $(3,148) 75% Avg. shares outstanding - basic and diluted (in thousands) 5,824 5,772 5,811 Net loss per basic and diluted share $(0.14) $(58.43) 100% $(0.54) 74% Nine Months Ended ----------------- 9/30/2009 9/30/2008 Change --------- --------- ------ Ending Assets Under Management (1) (in billions) $24.6 $27.0 (9)% Average Assets Under Management (2) (in billions) $22.6 $34.7 (35)% Gross Flows (1) (in millions) $2,819.0 $3,177.0 (11)% Net Flows (1) (in millions) $(168.7) $(7,051.2) 98% Revenue $83,827 $143,387 (42)% Revenue, as adjusted (3) $62,030 $92,377 (33)% Operating expenses $91,742 $589,635 (84)% Operating expenses, as adjusted (3) $59,459 $85,983 (31)% Operating loss $(7,915) $(446,248) 98% Operating income, as adjusted (3) $2,571 $6,394 (60)% Operating margin (9)% (311)% Operating margin, as adjusted (3) 4% 7% Net loss attributable to common stockholders $(10,774) $(349,877) 97% Avg. shares outstanding - basic and diluted (in thousands) 5,808 5,772 Net loss per basic and diluted share $(1.86) $(60.62) 97% As of As of ----- ----- 9/30/2009 9/30/2008 Change 6/30/2009 Change --------- --------- ------ --------- ------ Cash and cash equivalents $23,702 $22,610 5% $25,589 (7)% Marketable securities $8,679 $11,980 (28)% $7,233 20% Current portion of long term note payable $- $12,000 N/M $10,000 N/M Long-term note payable $15,000 $21,019 (29)% $8,000 88% Convertible preferred shares $45,900 $- N/M $46,800 (2)% Stockholders' equity $28,532 $274,927 (90)% $28,388 1% Working capital (4) $30,921 $(6,579) N/M $22,850 35% N/M - Not Meaningful (1) Ending AUM, including Goodwin, were $41.2 billion as of September 30, 2008. (2) The assets and business of Goodwin Capital Advisers, a former subsidiary, are not included in Virtus' results after Dec. 31, 2008. Average AUM, including Goodwin, were $45.3 and $48.7 billion for the three and nine months ended September 30, 2008. (3) See "Schedule of Non-GAAP Information" at the end of the release. (4) Working capital is defined as current assets less current liabilities. Consolidated Statements of Operations (Dollars in thousands, except per share data) Three Months Three Months Ended Ended ------------------ ------- 9/30/2009 9/30/2008* Change 6/30/2009 Change --------- ---------- ------ --------- ------ Revenues Investment management fees $20,599 $32,261 (36)% $18,188 13% Distribution and service fees 5,992 7,873 (24)% 5,653 6% Administration and transfer agent fees 3,290 4,317 (24)% 2,982 10% Other income and fees 514 355 45% 358 44% --- --- --- Total revenues 30,395 44,806 (32)% 27,181 12% ------ ------ ------ Operating Expenses Employment expenses 14,083 19,478 (28)% 13,167 7% Distribution and administration expenses 7,510 10,659 (30)% 7,449 1% Other operating expenses 6,538 10,515 (38)% 6,977 (6)% Restructuring and severance 450 2,639 (83)% 193 133% Goodwill impairment - 331,706 N/M - 0% Intangible asset impairment - 90,040 N/M - 0% Depreciation and other amortization 686 200 N/M 375 83% Amortization of intangible assets 1,750 7,385 (76)% 1,842 (5)% ----- ----- ----- Total operating expenses 31,017 472,622 (93)% 30,003 3% ------ ------- ------ Operating Loss (622) (427,816) 100% (2,822) 78% ---- -------- ------ Other Income (Expense) Realized and unrealized appreciation (depreciation) on trading securities 1,249 (862) N/M 1,268 (1)% Other income (expense) (21) (25) 16% 1 N/M --- --- --- Total other income (expense), net 1,228 (887) N/M 1,269 (3)% ----- ---- ----- Interest (Expense) Income Interest expense (373) (629) 41% (662) 44% Interest income 68 146 (53)% 114 (40)% -- --- --- Total interest income (expense), net (305) (483) 37% (548) 44% ---- ---- ---- Income (Loss) Before Income Taxes 301 (429,186) N/M (2,101) N/M Income tax expense (benefit) 189 (91,917) N/M 147 29% --- ------- --- Net Income (Loss) 112 (337,269) N/M (2,248) N/M Preferred stockholder dividends (900) - N/M (900) 0% ---- ---- ---- Net Loss Attributable to Common Stockholders $(788) $(337,269) 100% $(3,148) 75% ===== ========= ======= Weighted Average Shares Outstanding (in thousands) 5,824 5,772 5,811 ===== ===== ===== Loss Per Share - Basic and Diluted $(0.14) $(58.43) $(0.54) ====== ======= ====== Nine Months Ended ----------------- 9/30/2009 9/30/2008* Change --------- ---------- ------ Revenues Investment management fees $56,577 $102,211 (45)% Distribution and service fees 16,912 24,345 (31)% Administration and transfer agent fees 9,139 15,072 (39)% Other income and fees 1,199 1,759 (32)% ----- ----- Total revenues 83,827 143,387 (42)% ------ ------- Operating Expenses Employment expenses 41,596 63,460 (34)% Distribution and administration expenses 21,797 33,586 (35)% Other operating expenses 20,348 34,123 (40)% Restructuring and severance 1,080 3,306 (67)% Goodwill impairment - 331,706 N/M Intangible asset impairment - 100,492 N/M Depreciation and other amortization 1,429 549 160% Amortization of intangible assets 5,492 22,413 (75)% ----- ------ Total operating expenses 91,742 589,635 (84)% ------ ------- Operating Loss (7,915) (446,248) 98% ------ -------- Other Income (Expense) Realized and unrealized appreciation (depreciation) on trading securities 1,656 (2,350) N/M Other income (expense) (16) 580 N/M --- --- Total other income (expense), net 1,640 (1,770) N/M ----- ------ Interest (Expense) Income Interest expense (1,465) (2,037) 28% Interest income 285 675 (58)% --- --- Total interest income (expense), net (1,180) (1,362) 13% ------ ------ Income (Loss) Before Income Taxes (7,455) (449,380) 98% Income tax expense (benefit) 459 (99,503) N/M --- ------- Net Income (Loss) (7,914) (349,877) 98% Preferred stockholder dividends (2,860) - N/M ------ ------ Net Loss Attributable to Common Stockholders $(10,774) $(349,877) 97% ======== ========= Weighted Average Shares Outstanding (in thousands) 5,808 5,772 ===== ===== Loss Per Share - Basic and Diluted $(1.86) $(60.62) ====== ======= N/M - Not Meaningful * GAAP-reported amounts for the 2008 periods include revenue, expenses and earnings attributed to Goodwin Capital Advisors. Assets Under Management - Product and Asset Class (Dollars in millions) Three Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, 2009 2009 2009 2008 2008 -------- -------- -------- -------- -------- By product (period end): Mutual Funds - Long-term $12,358.9 $10,963.3 $9,658.1 $10,744.3 $13,370.7 Mutual Funds - Money Market 4,068.2 3,995.2 4,293.2 4,654.0 4,389.9 Separately Managed Accounts 3,405.5 3,041.3 2,731.9 3,074.3 3,774.8 Institutional Products (1) 4,762.6 4,440.4 4,122.5 4,163.8 5,445.1 ------- ------- ------- ------- ------- Total $24,595.2 $22,440.2 $20,805.7 $22,636.4 $26,980.5 ========= ========= ========= ========= ========= By product (average) (2) Mutual Funds - Long-term $11,932.2 $10,717.5 $10,319.1 $11,393.6 $14,677.9 Mutual Funds - Money Market 4,094.2 4,178.4 4,611.7 4,447.7 5,959.0 Separately Managed Accounts 3,041.3 2,731.9 3,074.3 3,774.8 4,328.7 Institutional Products (3) 4,600.0 4,281.5 4,236.1 4,775.0 5,886.3 ------- ------- ------- ------- ------- Total $23,667.7 $21,909.3 $22,241.2 $24,391.1 $30,851.9 ========= ========= ========= ========= ========= By asset class (period end): Equity $11,027.5 $9,668.5 $8,347.3 $9,825.0 $12,619.0 Fixed Income (1) 9,499.5 8,776.5 8,165.2 8,157.4 9,971.6 Money Market 4,068.2 3,995.2 4,293.2 4,654.0 4,389.9 ------- ------- ------- ------- ------- Total $24,595.2 $22,440.2 $20,805.7 $22,636.4 $26,980.5 ========= ========= ========= ========= ========= Assets Under Management - Average Net Management Fees Earned (4) (In basis points) Three Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, 2009 2009 2009 2008 2008 -------- -------- -------- -------- -------- Mutual Funds - Long- term (5) 44.1 42.7 41.9 47.6 48.1 Mutual Funds - Money Market (5) 5.1 5.2 5.3 5.4 5.7 Separately Managed Accounts 49.5 49.1 45.9 47.0 46.2 Institutional Products (6) 26.1 26.8 27.4 25.9 31.7 All Products 34.5 33.3 32.4 35.6 36.5 (1) Excludes assets managed by Goodwin of $13,950.9 and $14,161.5 at December 31, 2008 and September 30, 2008, respectively. (2) Averages are calculated as follows: - Mutual Funds - average daily balances - Separately Managed Accounts - prior quarter ending balance (on which the current quarter's fees are earned) - Institutional Products - average of month-end balances in quarter (3) Excludes average assets managed by Goodwin of $14,002.1 and $14,473.1 for the three-month periods ending December 31, 2008 and September 30, 2008, respectively. (4) Average fees earned is calculated as revenue earned by product divided by average product assets, as described in note (2). (5) Average fees earned for money market and long-term mutual funds are net of sub-advisory fees. (6) Includes structured finance products. Assets Under Management - Asset Flows by Product (Dollars in millions) Three Months Ended 9/30/2009 6/30/2009 3/31/2009 12/31/2008 9/30/2008 --------- --------- --------- ---------- --------- Retail Products --------------- Mutual Funds - Long-term Beginning balance $10,963.3 $9,658.1 $10,744.3 $13,370.7 $14,785.2 Inflows 790.0 626.2 456.0 475.6 679.8 Outflows (541.0) (500.5) (656.4) (1,044.6) (820.1) ------ ------ ------ -------- ------ Net flows 249.0 125.7 (200.4) (569.0) (140.3) Market appreciation (depreciation) 1,184.3 1,122.5 (789.0) (2,076.2) (1,268.4) Acquisitions (dispositions) / Other (37.7) 57.0 (96.8) 18.8 (5.8) ----- ---- ----- ---- ---- Ending balance $12,358.9 $10,963.3 $9,658.1 $10,744.3 $13,370.7 ========= ========= ======== ========= ========= Mutual Funds - Money Market Beginning balance $3,995.2 $4,293.2 $4,654.0 $4,389.9 $6,465.0 Change in cash management products 73.0 (298.0) (360.8) 264.1 (2,075.1) ---- ------ ------ ----- -------- Ending balance $4,068.2 $3,995.2 $4,293.2 $4,654.0 $4,389.9 ======== ======== ======== ======== ======== Separately Managed Accounts Beginning balance $3,041.3 $2,731.9 $3,074.3 $3,774.8 $4,328.7 Inflows 291.4 281.5 216.5 301.8 184.3 Outflows (231.1) (278.9) (376.4) (490.6) (315.5) ------ ------ ------ ------ ------ Net flows 60.3 2.6 (159.9) (188.8) (131.2) Market appreciation (depreciation) 303.9 306.8 (182.5) (511.7) (95.4) Acquisitions (dispositions) / Other - - - - (327.3) --- --- --- --- ------ Ending balance $3,405.5 $3,041.3 $2,731.9 $3,074.3 $3,774.8 ======== ======== ======== ======== ======== Institutional Products ---------------------- Institutional Accounts Beginning balance $3,662.3 $3,403.3 $3,415.2 $4,370.4 $4,841.8 Inflows 54.0 68.1 35.3 51.5 64.0 Outflows (75.9) (153.9) (173.6) (478.0) (411.2) ----- ------ ------ ------ ------ Net flows (21.9) (85.8) (138.3) (426.5) (347.2) Market appreciation (depreciation) 288.6 211.3 (178.2) (321.9) (57.6) Change in cash management products 6.6 125.0 22.4 (219.8) (66.6) Acquisitions (dispositions) / Other (22.6) 8.5 282.2 13.0 - ----- --- ----- ---- --- Ending balance $3,913.0 $3,662.3 $3,403.3 $3,415.2 $4,370.4 ======== ======== ======== ======== ======== Structured Products Beginning balance $778.1 $719.2 $748.6 $1,074.7 $1,171.1 Inflows - - - 0.6 - Outflows - - - (16.4) (21.0) --- --- --- ----- ----- Net flows - - - (15.8) (21.0) Market appreciation (depreciation) 71.5 58.9 (29.4) (310.3) (75.4) --- --- --- --- -------- Ending balance $849.6 $778.1 $719.2 $748.6 $1,074.7 ====== ====== ====== ====== ======== Total ----- Beginning balance $22,440.2 $20,805.7 $22,636.4 $26,980.5 $31,591.8 Inflows 1,135.4 975.8 707.8 829.5 928.1 Outflows (848.0) (933.3) (1,206.4) (2,029.6) (1,567.8) ------ ------ -------- -------- -------- Net flows 287.4 42.5 (498.6) (1,200.1) (639.7) Market appreciation (depreciation) 1,848.3 1,699.5 (1,179.1) (3,220.1) (1,496.8) Change in cash management products 79.6 (173.0) (338.4) 44.3 (2,141.7) Acquisitions (dispositions) / Other (60.3) 65.5 185.4 31.8 (333.1) ----- ---- ----- ---- ------ Ending balance (1) $24,595.2 $22,440.2 $20,805.7 $22,636.4 $26,980.5 ========= ========= ========= ========= ========= Nine Months Ended ----------------- 9/30/2009 9/30/2008 --------- --------- Retail Products --------------- Mutual Funds - Long-term Beginning balance $10,744.3 $16,127.4 Inflows 1,872.2 2,049.4 Outflows (1,697.9) (2,441.8) -------- -------- Net flows 174.3 (392.4) Market appreciation (depreciation) 1,517.8 (2,290.9) Acquisitions (dispositions) / Other (77.5) (73.4) ----- ----- Ending balance $12,358.9 $13,370.7 ========= ========= Mutual Funds - Money Market Beginning balance $4,654.0 $6,203.6 Change in cash management products (585.8) (1,813.7) ------ -------- Ending balance $4,068.2 $4,389.9 ======== ======== Separately Managed Accounts Beginning balance $3,074.3 $5,447.7 Inflows 789.4 698.3 Outflows (886.4) (1,388.9) ------ -------- Net flows (97.0) (690.6) Market appreciation (depreciation) 428.2 (655.0) Acquisitions (dispositions) / Other - (327.3) --- ------ Ending balance $3,405.5 $3,774.8 ======== ======== Institutional Products ---------------------- Institutional Accounts Beginning balance $3,415.2 $9,313.7 Inflows 157.4 428.1 Outflows (403.4) (5,219.0) ------ -------- Net flows (246.0) (4,790.9) Market appreciation (depreciation) 321.7 (182.2) Change in cash management products 154.0 29.8 Acquisitions (dispositions) / Other 268.1 - ----- --- Ending balance $3,913.0 $4,370.4 ======== ======== Structured Products Beginning balance $748.6 $3,324.3 Inflows - 1.2 Outflows - (1,178.5) --- -------- Net flows - (1,177.3) Market appreciation (depreciation) 101.0 (1,072.3) --- --- Ending balance $849.6 $1,074.7 ====== ======== Total ----- Beginning balance $22,636.4 $40,416.7 Inflows 2,819.0 3,177.0 Outflows (2,987.7) (10,228.2) -------- --------- Net flows (168.7) (7,051.2) Market appreciation (depreciation) 2,368.7 (4,200.4) Change in cash management products (431.8) (1,783.9) Acquisitions (dispositions) / Other 190.6 (400.7) ----- ------ Ending balance (1) $24,595.2 $26,980.5 ========= ========= -------- (1) Excludes assets managed by Goodwin of $13,950.9 and $14,161.5, comprising $12,373.9 and $12,452.4 of Phoenix assets and $1,577.0 and $1,709.1 of Institutional and Structured Finance products at December 31, 2008 and September 30, 2008, respectively. Schedule of Non-GAAP Information (Dollars in thousands) The company reports its financial results on a Generally Accepted Accounting Principles (GAAP) basis; however management believes that evaluating the company's ongoing operating results may be enhanced if investors have additional non-GAAP financial measures. Management reviews non-GAAP financial measures to assess ongoing operations and considers them to be additional metrics for both management and investors to evaluate the company's financial performance over time, as noted in the footnotes below. Management does not advocate that investors consider such non-GAAP financial measures in isolation from, or as a substitute for, financial results prepared in accordance with GAAP. Reconciliation of Revenues, Operating Expenses and Operating Income on a GAAP Basis to Revenues, Operating Expenses and Operating Income, as Adjusted Three Months Ended Nine Months Ended Sept 30, Sept 30, June 30, Sept 30, Sept 30, 2009 2008 2009 2009 2008 ---- ---- ---- ---- ---- Revenues, GAAP basis $30,395 $44,806 $27,181 $83,827 $143,387 Less: Goodwin revenues - 5,640 - - 17,424 Distribution and administration expenses 7,510 10,659 7,449 21,797 33,586 ----- ------ ----- ------ ------ Revenues, as adjusted (1) 22,885 28,507 19,732 62,030 92,377 ------ ------ ------ ------ ------ Operating Expenses, GAAP Basis 31,017 472,622 30,003 91,742 589,635 Less: Goodwin expenses - 4,136 - - 12,562 Distribution and administration expenses 7,510 10,659 7,449 21,797 33,586 Depreciation and amortization (2) 2,436 6,919 2,217 6,921 20,965 Impairment charges - 421,746 - - 432,198 Stock-based compensation (3) 949 236 1,203 2,485 1,035 Restructuring and severance charges 450 2,639 193 1,080 3,306 --- ----- --- ----- ----- Operating Expenses, as adjusted (4) 19,672 26,287 18,941 59,459 85,983 ------ ------ ------ ------ ------ Operating Income, as adjusted (5) 3,213 2,220 791 2,571 6,394 ----- ----- --- ----- ----- Operating margin, GAAP basis (2)% (955)% (10)% (9)% (311)% Operating margin, as adjusted (4) 14% 8% 4% 4% 7% (1) Revenues, as adjusted, is a non-GAAP financial measure calculated by deducting distribution and administration expenses from GAAP revenues. Management believes revenues, as adjusted, provides useful information to investors because distribution and administrative expenses are costs that are generally passed directly through to external parties. Goodwin's results are excluded from 2008 periods to aid in comparability between 2008 and 2009 results since Goodwin is no longer part of Virtus' operations, effective December 31, 2008. (2) Excludes Goodwin-related expenses of $666 and $1,997 for the three- and nine-month periods ended September 30, 2008. (3) Excludes Goodwin-related expenses of $275 and $816 for the three- and nine-month periods ended September 30, 2008. (4) Operating expenses, as adjusted, is a non-GAAP financial measure that management believes provides investors with useful information because of the nature of the specific excluded operating expenses Specifically, management adds back amortization and impairments attributable to acquisition related intangible assets as this is useful to an investor to measure our operating results with the results of other asset management firms that have not engaged in significant acquisitions. In addition, we add back restructuring and severance charges as we believe that operating expenses exclusive of these costs will aid comparability of the information to prior reporting periods. We believe that because of the variety of equity awards used by companies and the varying methodologies for determining stock-based compensation expense, excluding stock-based compensation enhances the ability of management and investors to compare financial results over periods. Distribution and administrative expenses are excluded for the reason set forth above. Goodwin's results are excluded from 2008 periods to aid in comparability between 2008 and 2009 results since Goodwin is no longer part of Virtus' operations, effective December 31, 2008. (5) Operating income (loss), as adjusted, and operating margin, as adjusted, are calculated using the basis of revenues used for operating margin, as adjusted, and expenses used for operating margin, as adjusted, as described above. These measures should not be considered as substitutes for any measures derived in accordance with GAAP and may not be comparable to similarly titled measures of other companies.

Virtus Investment Partners, Inc.

CONTACT: Joe Fazzino, +1-860-263-4725, joe.fazzino@virtus.com

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

NHS Highland Selects ClickSoftware for Optimized Mobile Workforce and Asset ManagementNHS Highland to Leverage ClickSoftware's Solutions to Increasing Maintenance Efficiency Across Their Primary Care Community Serving 300,000 Patients

BURLINGTON, Massachusetts, November 4 /PRNewswire-FirstCall/ -- ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading provider of workforce management and service optimization solutions announced today that NHS Highland, a regional health service provider, has selected their field service optimization solutions as the platform to efficiently manage their maintenance technicians across their Primary care community.

NHS Highland's catchment area comprises the largest and most sparsely populated part of the UK with all the attendant issues of a difficult terrain, rugged coastline, populated islands and a limited internal transport and communications infrastructure. The geographical nature of the region presents particular challenges for the efficient and effective delivery of health care services.

"As an organization that is committed to delivering the highest possible standards in order to support the well being of the people in the Highlands, it is essential to improve our service and processes," said Eric Green, Head of Estates NHS Highland. "We are in no doubt that MACS EU's implementation of Maximo and ClickIMRS will enable us to improve and increase the level of service we deliver to internal and external clients. Maximo will give a better insight into our maintenance task and work orders. ClickIMRS and ClickMobile will allow us to schedule our team in an optimized manner as well as providing our technicians with the information they need at their fingertips."

NHS Highland will use ClickSoftware's ClickIMRS solution in combination with the IBM Maximo Asset Management system as the asset maintenance management system for the five main operational units, across the four Community Health Partnerships (CHPs) and Raigmore Hospital in Inverness. They will use the Maximo Asset Management and ClickIMRS solution to support the Estates organisation, ensuring the maintenance service quality supports the care delivery goals for the 300,000 patients in the Highlands, Argyll and Bute regions which NHS Highland supports.

NHS chose to replace their current system with the hosted IBM Maximo and ClickSoftware's ClickIMRS solution to increase their control and visibility of their maintenance tasks, work orders and purchasing. The combined solution will ensure maintenance safety, while increasing their technician's productivity through mobile accessibility. NHS specifically selected a managed hosted solution to enable the NHS to focus on their core business.

ClickIMRS was designed to meet the unique needs of mid-sized service organizations helping them increase productivity, manage growth, improve service levels and revenues - all for a very attractive Total Cost of Ownership (TCO). Implementing an optimized scheduling and mobility solution will enable NHS Highlands to offer their customers a world class service experience while keeping a tight control over their costs.

NHS Highland selected ClickSoftware's solutions through Value Added Reseller (VAR) MACS EU Ltd. (http://www.macseu.co.uk/). MACS have built an Adapter that will integrate IBM Maximo, ClickIMRS and ClickMobile enabling technicians to access the IBM Maximo data at each work location through their mobile phone while optimizing their schedule based upon travel time, utilization and priority. After the implementation the total solution will be supported and hosted by MACS.

"We are proud that our ClickIMRS solution will be implemented at an organization like NHS Highland who job it is to ensure the well-being of so many people," said Hannan Carmeli, President and Chief Operating Officer at ClickSoftware. "Ensuring a well maintained environment is critical when it comes to the delivery of high quality patient care and our solutions will help NHS Highland run a world class operation."

About ClickSoftware

ClickSoftware is the leading provider of workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry-leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting and capacity planning to real-time decision making, incorporating scheduling, mobility and location-based services, ClickSoftware helps service organizations get the most out of their resources.

With over 120 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners - ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The company is headquartered in Burlington, Mass. and Israel, with offices in Europe, and Asia Pacific. For more information about ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or visit http://www.clicksoftware.com/.

About MACS EU Ltd

MACS EU Ltd, established in 1986, have broad experience in providing, implementing and developing solutions for Maintenance Management, Mobile Solution and (IT) Service Management such as IBM Maximo Asset Management and ClickIMRS. With each deliverable MACS EU is committed to deliver its clients a solution that supports business performance and processes with a high standard. MACS EU works closely with partners such as IBM and ClickSoftware. MACS deliver in all fields professional services such as consultancy, project management, customer support and training. MACS EU Ltd are a subsidiary of MACS Holdings BV providing solutions and services in Europe through offices in Belgium, Germany, The Netherlands and United Kingdom. Further information can be found at http://www.macseu.co.uk/

This press release contains express or implied forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, but are not limited to, those statements regarding future results of operations, visibility into future periods, growth and rates of growth, and expectations regarding future closing of contracts, receipt of orders, recognition of revenues and deferred revenues. Such "forward-looking statements" involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. Achievement of these results by ClickSoftware may be affected by many factors, including, but not limited to, risks and uncertainties regarding the general economic outlook, the length of or changes in ClickSoftware's sales cycle, ClickSoftware's ability to close sales to potential customers in a timely manner and maintain or strengthen relationships with strategic partners, the timing of revenue recognition, foreign currency exchange rate fluctuations, and ClickSoftware's ability to maintain or increase its sales pipeline. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in ClickSoftware's annual report on Form 20F for the year ended December 31, 2008 and in subsequent filings with the Securities and Exchange Commission. Clicksoftware is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contacts: Joanna Giannotti ClickSoftware, Inc. +1-781-272-5903 x2235 joanna.giannotti@clicksoftware.com

ClickSoftware Technologies Ltd

CONTACT: Contacts: Joanna Giannotti, ClickSoftware, Inc.,
+1-781-272-5903 x2235, joanna.giannotti@clicksoftware.com

Canadian Pacific to address 2009 Citi Industrial Manufacturing & Transportation Conference

CALGARY, Nov. 4 /PRNewswire-FirstCall/ -- Brian Grassby, VP & Controller, Canadian Pacific (TSX/NYSE: CP) will address the Citi Investment Research Industrial Manufacturing & Transportation Conference on Wednesday, November 11, 2009 at 11:20 a.m. Eastern Time.

Mr. Grassby's presentation will provide highlights of CP's current business performance and initiatives. The conference will be held at the Citi Center, 388 Greenwich Street, New York, New York.

There will be a live audio webcast of Mr. Grassby's presentation. A replay of the webcast, as well as the presentation materials, will be available in the Investor section of CP's website, http://www.cpr.ca/.

About Canadian Pacific:

Canadian Pacific, through the ingenuity of its employees located across Canada and in the United States, remains committed to being the safest, most fluid railway in North America. Our people are the key to delivering innovative transportation solutions to our customers and to ensuring the safe operation of our trains through the more than 1,100 communities where we operate. Canadian Pacific is proud to be the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.

Canadian Pacific

CONTACT: Contacts: Media, Mike LoVecchio, Senior Manager - Media
Relations, Canadian Pacific, Tel.: (416) 814-0948 - 24/7 Media Pager, Cell:
(778) 772-9636, e-mail: mike_lovecchio@cpr.ca; Investment Community, Janet
Weiss, Assistant Vice President - Investor Relations, Canadian Pacific, Tel.:
(403) 319-3591, e-mail: investor@cpr.ca

Babcock & Brown Air Reports Third Quarter 2009 Results

DUBLIN, Nov. 4 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited ("B&B Air"), a global lessor of modern, fuel-efficient commercial jet aircraft, today announced its financial results for the third quarter of 2009.

Third Quarter Highlights -- Net income of $14.4 million, EPS of $0.48 -- Available Cash Flow of $29.1 million, $0.96 per share -- Purchased $25 million principal amount of notes payable for $12 million -- Leased last remaining aircraft repossessed in 2008 -- Unrestricted Cash of $77.9 million at quarter end -- Dividend of $0.20 per share declared on October 15th

"During the third quarter we continued to enhance shareholder value by repurchasing $25 million of our debt for approximately 50% of the principal amount," said Colm Barrington, CEO of B&B Air. "So far this year B&B Air has repurchased $144 million of its notes payable at an approximate 50% discount. The Company also owns options to acquire an additional $75 million of its notes payable for $36 million. B&B Air has also repurchased more than 2.2 million shares this year, at an average cost of $4.08 per share."

"B&B Air's portfolio continues to perform well, producing strong cash flow," added Barrington. "Our third quarter dividend of $0.20 per share represented just 21% of our Available Cash Flow for the quarter. Following the purchase of the notes payable we ended the quarter with approximately $78 million in unrestricted cash. During the quarter our fleet had a 98% utilization factor and we also reached agreement to lease the last remaining B757 aircraft repossessed in 2008. This aircraft is scheduled to be delivered in December."

Third Quarter 2009 Financial Results

B&B Air's net income and basic and diluted earnings per share for the third quarter of 2009 were $14.4 million and $0.48 per share compared to $16.0 million and $0.48 per share in the same period in the preceding year. The third quarter 2009 results include a pre-tax gain of $12.5 million from repurchasing $25 million principal amount of notes payable for $12 million and amortization of $3.4 million associated with the cost to purchase options on $100 million principal amount of notes payable. The 2008 third quarter results included a gain of $5.0 million associated with the sale of an aircraft and $4.0 million of end of lease revenue.

Net income and basic and diluted earnings per share for the nine-month period ended September 30, 2009 were $75.4 million and $2.43 per share compared to $38.8 million and $1.16 per share in the same period in the preceding year. The 2009 results included a pre-tax gain of $70.1 million associated with the purchase of approximately $144 million of notes payable and a gain of $7.7 million associated with a lease termination settlement.

Total revenues for the third quarter of 2009 were $67.8 million compared to $66.3 million for the same period in the preceding year. Operating lease revenue for the third quarter of 2009 was $54.3 million compared to $60.5 million in the same period of the previous year. The decrease is principally due to declines in lease rates that adjust with LIBOR, the absence of rent from the aircraft sold in the third and fourth quarters of 2008 and end of lease revenue, with no corresponding amount in the third quarter of 2009.

Total revenues for the nine-month period ended September 30, 2009 were $241.4 million compared to $175.5 million for the same period in the preceding year. The increase was largely due to the revenues associated with the gains on the purchase of notes payable in 2009.

Total expenses in the third quarter of 2009 were $50.2 million, compared to $47.9 million in the same period in the previous year. The increase was primarily due to amortization of the debt purchase option, partially offset by a reduction in repossession and remarketing costs. The $7 million cost of the options is being amortized on a straight line basis over the periods until their expiry.

Total expenses for the nine-month period ended September 30, 2009 were $145.3 million compared to $131.2 million for the same period in the preceding year.

Depreciation expense in the third quarter of 2009 was $21.1 million compared to $20.1 million for the same period in the previous year.

Interest expense in the third quarter of 2009 was $20.4 million compared to $21.5 million for the same period in the previous year. The decrease is mainly due to decreases in LIBOR.

Selling, general and administrative expenses were $4.8 million in the third quarter of 2009 compared to $5.4 million in the same period of the previous year. Maintenance and other expenses were $0.5 million in the third quarter of 2009 compared with $1.0 million in the same period of the previous year.

The provision for income taxes was $3.2 million in the third quarter of 2009 and reflects the recognition of deferred taxes at a 25% rate on the gain associated with the purchase of the notes. The effective income tax rate for the third quarter of 2009 was 18.0% compared to 12.9% for the same period in the previous year.

Available Cash Flow

Available Cash Flow ("ACF"), which B&B Air defines as net income plus depreciation, lease incentive amortization, amortization of debt issue costs and the deferred tax provision, was $29.1 million for the third quarter of 2009 compared to $40.2 million for the same period in the previous year. ACF for the nine-month period ended September 30, 2009 was $96.7 million compared to $103.3 million for the same period in the preceding year. ACF for the third quarter of 2008 and the nine-month period ended September 30, 2008 was favorably impacted by end of lease revenue and the gain on the sale of the aircraft recorded in those periods.

On a per share basis, ACF was $0.96 for the third quarter of 2009 compared to $1.20 in the same period of 2008. In the nine-month period ended September 30, 2009, ACF per share was $3.12 compared to $3.08 in the same period in 2008. Gains on the purchase of notes payable are not included in ACF.

ACF should be used as a supplement to and not as a substitute for financial measures determined in accordance with Accounting Principles Generally Accepted in the United States.

Dividend and Share Repurchases

On October 15th, B&B Air declared a dividend of $0.20 per share in respect of the third quarter of 2009. This dividend will be paid on November 20, 2009 to shareholders of record on October 30, 2009. This dividend represents 21% of ACF for the third quarter of 2009.

B&B Air did not repurchase any shares in the third quarter of 2009. During the nine-month period ended September 30, 2009, B&B Air repurchased 2,208,963 shares at an average cost of $4.08 per share or a total of $9.0 million. These shares represented 6.8% of the shares outstanding at December 31, 2008. On September 30, 2009 there were 30,279,948 shares outstanding.

Under the $30 million share repurchase program that has been extended to June 2010, B&B Air may make further share repurchases from time to time in the open market or in privately negotiated transactions. The timing of the repurchases under the program will depend upon a variety of factors, including market conditions, and may be suspended or discontinued at any time.

Financial Position

At September 30, 2009, B&B Air's total assets were $2.03 billion, including flight equipment held for operating leases with a net book value of $1.77 billion. Restricted and unrestricted cash at September 30, 2009 totaled $208.3 million, of which $77.9 million was unrestricted. These amounts compare to total cash of $170.4 million and unrestricted cash of $56.8 million at December 31, 2008.

Aircraft Portfolio

During the third quarter of 2009, B&B Air's portfolio utilization factor was 98%. At September 30, 2009, all but one of the aircraft in B&B Air's portfolio were on lease to 36 lessees in 19 countries. The aircraft off-lease has been subsequently leased and delivery is currently scheduled in December 2009.

The table below shows the aircraft in B&B Air's portfolio on September 30, 2008, December 31, 2008, and September 30, 2009:

September 30, December 31, September 30, 2008 2008 2009 Portfolio On Airbus A319 10 10 10 Airbus A320 18 17 17 Airbus A330 1 1 1 Boeing 737 19 19 19 Boeing 747 1 1 1 Boeing 757 12 12 12 Boeing 767 1 1 1 Boeing 777 1 1 1 Total 63 62 62

At September 30, 2009, the average age of B&B Air's portfolio was 7.1 years weighted by the net book value of each aircraft. The average remaining lease term was 4.9 years, also weighted by value and including the aircraft off-lease at a lease term of zero. At September 30, 2009 the leases were generating annualized revenues of $219 million.

Conference Call and Webcast

B&B Air's senior management will host a conference call and webcast to discuss these results at 9:00 a.m. U.S. Eastern Time on Wednesday, November 4, 2009.

Participants should call +1-706-643-7953 (International) or 866-696-7906 (North America) and enter confirmation code 36176073. A replay will be available shortly after the call. To access the replay, please dial +1-706-645-9291 (International) or 800-642-1687 (North America) and enter confirmation code 36176073. The replay recording will be available for two weeks.

A live webcast of the conference call will be also available in the investor section of B&B Air's website at http://www.babcockbrownair.com/. An archived webcast will be available for one year.

About B&B Air

B&B Air acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. B&B Air is managed and serviced by Babcock & Brown Aircraft Management ("BBAM"). For more information about B&B Air, please visit our website at http://www.babcockbrownair.com/.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for B&B Air's future business and financial performance. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks. B&B Air expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, or otherwise.

Contact: Matt Dallas Babcock & Brown + 1-212-796-3918 matt.dallas@babcockbrown.com Babcock & Brown Air Limited Consolidated Statements of Operations (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) Three months Three months Nine months Nine months ended ended ended ended Sept. 30, Sept. 30 Sept. 30, Sept. 30 2009 2008 2009 2008 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues Operating lease revenue $54,282 $60,516 $161,434 $165,202 Finance lease income - - - 2,446 Gain on sale of aircraft - 4,979 - 4,979 Gain on purchases of notes payable 12,515 - 70,136 - Lease termination settlement 611 - 7,707 - Interest and other income 387 815 2,117 2,827 Total revenues 67,795 66,310 241,394 175,454 Expenses Depreciation 21,128 20,080 62,488 53,989 Interest expense 20,382 21,485 60,969 59,118 Selling, general and administrative 4,765 5,385 15,888 15,739 Debt purchase option amortization 3,409 - 4,476 - Maintenance and other costs 498 962 1,493 2,403 Total expenses 50,182 47,912 145,314 131,249 Net income before provision for income taxes 17,613 18,398 96,080 44,205 Provision for income taxes 3,164 2,369 20,686 5,430 Net income $14,449 $16,029 $75,394 $38,775 Weighted average number of shares 30,279,948 33,451,580 31,017,554 33,552,304 Basic and diluted earnings per share $0.48 $0.48 $2.43 $1.16 Dividends declared and paid per share $0.20 $0.50 $0.60 $1.50 Babcock & Brown Air Limited Consolidated Balance Sheets (DOLLARS IN THOUSANDS, EXCEPT PAR VALUE DATA) September 30, December 31, 2009 2008 (Unaudited) (Audited) Assets Cash and cash equivalents $77,852 $56,763 Restricted cash and cash equivalents 130,461 113,658 Rent receivables 8,604 4,148 Flight equipment held for operating leases, net 1,769,265 1,830,612 Deferred tax asset, net 16,421 40,734 Fair market value of derivative asset - 2,368 Other assets, net 29,584 37,891 Total assets 2,032,187 2,086,174 Liabilities Accounts payable and accrued liabilities 4,982 13,809 Rentals received in advance 9,481 9,476 Payable to related parties 6,045 2,728 Security deposits 34,739 35,664 Maintenance payment liability 108,474 88,526 Notes payable, net 682,508 826,301 Borrowings under aircraft acquisition facility 597,471 597,471 Credit facility 32,290 - Fair market value of derivative liabilities 81,224 113,374 Other liabilities 11,603 9,412 Total liabilities 1,568,817 1,696,761 Shareholders' equity Common shares, $0.001 par value; 499,999,900 shares authorized; 30,279,948 and 32,488,911 shares issued and outstanding at September 30, 2009 and December 31, 2008, respectively 30 32 Manager shares, $0.001 par value; 100 shares authorized, issued and outstanding outstanding - - Additional paid-in capital 490,818 499,882 Retained earnings (deficit) 40,201 (16,584) Accumulated other comprehensive loss, net (67,679) (93,917) Total shareholders' equity 463,370 389,413 Total liabilities and shareholders' equity $2,032,187 $2,086,174 Babcock & Brown Air Limited Reconciliation of Available Cash Flow, a Non-GAAP Financial Measure to Net Income (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) Three months Three months Nine months Nine months ended ended ended ended Sept. 30, Sept. 30 Sept. 30, Sept. 30 2009 2008 2009 2008 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net income $14,449 $16,029 $75,394 $38,775 Add (less): Depreciation 21,128 20,080 62,488 53,989 Amortization of lease incentives 1,065 - 3,188 - Amortization of debt issue costs 1,847 1,793 5,204 5,089 Gain on purchases of notes payable (12,515) - (70,136) - Provision for deferred income taxes 3,137 2,343 20,564 5,424 Available cash flow $29,111 $40,245 $96,702 $103,277 Weighted average share outstanding 30,279,948 33,451,580 31,017,554 33,552,304 Available cash flow per share $0.96 $1.20 $3.12 $3.08

B&B Air defines Available Cash Flow ("ACF") as net income plus depreciation, amortization of lease incentives and debt issue costs, and deferred income taxes. In addition, gain on purchases of notes payable is excluded from ACF. B&B Air's definition of ACF may not be consistent with similar definitions used by other companies. The reconciliation above compares ACF to net income computed in accordance with Accounting Principles Generally Accepted in the United States (GAAP), the most directly comparable GAAP financial measure. B&B Air believes ACF provides investors with a measure for evaluating its ability to pay dividends and reinvest in its business. However, ACF excludes certain positive and negative cash items, including principal payments, if any, and has certain important limitations as an indicator of B&B Air's ability to pay dividends and reinvest in its business. Management uses ACF as a measure for assessing B&B Air's operating performance. ACF should be considered in addition to, not as a substitute for net income or other financial measures determined in accordance with GAAP. For additional information, please see B&B Air's financial statements and "Management's Discussion and Analysis of Operations and Financial Condition" that will be included in the periodic report it expects to file with the Securities and Exchange Commission with respect to the financial statements discussed herein.

Babcock & Brown Air Limited

CONTACT: Matt Dallas of Babcock & Brown, +1-212-796-3918,
matt.dallas@babcockbrown.com

Web Site: http://www.babcockbrown.com/
http://www.babcockbrownair.com/

Salesforce.com Announces Timing of Its Third Quarter Fiscal 2010 Financial Results Conference CallResults to be released on November 17, 2009, after the market close

SAN FRANCISCO, Nov. 4 /PRNewswire-FirstCall/ -- Salesforce.com , the enterprise cloud computing company, today announced that its third quarter fiscal 2010 results will be released on Tuesday, November 17, 2009, after the close of the market. The company will host a conference call at 2:00 PM (PT) / 5:00 PM (ET) to discuss the financial results with the investment community. A live web broadcast of the event will be available on the salesforce.com Investor Relations website at http://www.salesforce.com/investor. A live dial-in is available domestically at 866-901-SFDC or 866-901-7332 and internationally at 706-902-1764. A replay will be available at (800) 642-1687 or (706) 645-9291, passcode 39679783, until midnight (ET) December 8, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO) About salesforce.com

Salesforce.com is the enterprise cloud computing company. The company's portfolio of Salesforce CRM applications, available at http://www.salesforce.com/products/, has revolutionized the ways that companies collaborate and communicate with their customers across sales, marketing and service. The company's Force.com platform (http://www.salesforce.com/platform/) enables customers, partners and developers to quickly build powerful business applications to run every part of the enterprise in the cloud. Based on salesforce.com's real-time, multi-tenant architecture, Salesforce CRM and Force.com offer the fastest path to customer success with cloud computing.

As of July 31, 2009, salesforce.com manages customer information for approximately 63,200 customers including Allianz Commercial, Dell, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.

Copyright (c) 2009 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.

Photo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO
http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com salesforce.com

CONTACT: David Havlek, Investor Relations, +1-415-536-2171,
dhavlek@salesforce.com, or Jane Hynes, Public Relations, +1-415-901-5079,
jhynes@salesforce.com, both of salesforce.com

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

Stanley Wins $12 Million Contract With Marine Corps to Support TIGER Web Portal Program

ARLINGTON, Va., Nov. 4 /PRNewswire-FirstCall/ -- Stanley, Inc. , a leading provider of systems integration and professional services to the U.S. federal government, today announced that it was awarded a five-year, firm-fixed-price contract valued at $12.4 million, if all four option years are exercised, by the U.S. Marine Corps (USMC) to provide technical services to support and maintain the Total Information Gateway for Enterprise Resources (TIGER) Web Portal Program. TIGER is an enterprise information system that joins numerous information sources to provide an integrated family of web-based applications. This contract was included in Stanley's discussion of awards to date in the third quarter of fiscal year 2010 during the company's earnings call held on October 29, 2009.

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

"Stanley is honored to be a part of the mission to supply Marine Corps Systems Command personnel with the ability to access and share vital information through the TIGER portal," said Amy Ygbuhay, Stanley vice president. "We look forward to providing the mechanism to support systems research and development and acquisition programs for the Marine Air-Ground Task Force expeditionary operations, which is at the forefront of this work."

Under this contract, Stanley will provide information technology services such as program and project management, web/application enhancement, database administration, quality assurance and control management, configuration management, and technical analyst and service desk support. The Stanley team will also provide ongoing technical support and management oversight of TIGER sustainment and enhancement efforts. The work will take place in Dumfries and Quantico, Va.

Stanley has provided support to the Marine Corps since 1989 and currently holds more than 18 contracts that support USMC systems engineering efforts.

About Stanley

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

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

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

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

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

AMETEK To Present at Robert W. Baird & Co. 2009 Industrial ConferencePRESENTATION TO BE WEB CAST AT 11:50 AM CT ON NOVEMBER 11TH

PAOLI, Pa., Nov. 4 /PRNewswire-FirstCall/ -- AMETEK, Inc. will present at the Robert W. Baird & Co. 2009 Industrial Conference on Wednesday, November 11, 2009 at the Four Seasons Hotel in Chicago, IL. AMETEK's presentation is scheduled for 11:50 AM CT. Frank S. Hermance, Chairman and Chief Executive Officer, will represent the Company.

The presentation will be simultaneously Web cast over the Internet. To access the Web cast and the accompanying slide presentation, please go to http://www.ametek.com/, click on "Investors". A link will be provided to access the Web cast.

Corporate Profile

AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annualized sales of $2.1 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.

Contact: William J. Burke (610) 889-5249

AMETEK, Inc.

CONTACT: William J. Burke of AMETEK, Inc., +1-610-889-5249

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

CACI Awarded $75 Million Task Order to Continue Support for U.S. Army Rapid Development Fielding InitiativesAward Grows Work for Army Communications-Electronics Research, Development and Engineering Center

ARLINGTON, Va., Nov. 4 /PRNewswire-FirstCall/ -- CACI International Inc announced today it has been awarded a $75 million task order to continue its support for the Army's Communications-Electronics Research, Development and Engineering Center (CERDEC) Intelligence and Information Warfare Directorate (I2WD) through the Technical Engineering Support Services (TESS) contract. The task order is for a base period of two years with two one-year options and continues more than 21 years of CACI support to I2WD under TESS and prior omnibus service contracts. The award continues and grows the company's business in command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) programs.

CACI will provide engineering and technical support to assist I2WD in rapidly developing and deploying systems that enhance the capabilities of U.S. warfighters in countering the ongoing threat of global terrorism. The work includes evaluations of commercial technologies, mission applications, and systems; enhancements of current systems; providing rapid response services in support of military missions in a coordinated and controlled operational setting; and supporting I2WD efforts to engineer, develop, test, and deploy state-of-the-art prototype systems to our warfighters.

Bill Fairl, CACI's President of U.S. Operations, said, "This award enables CACI to continue to provide the U.S. Army with the best possible intelligence and information warfare solutions for our nation's warfighters. In this highly competitive arena, the win further demonstrates our expertise and competence in providing proven solutions to CERDEC and I2WD."

According to CACI President and CEO Paul Cofoni, "We're very proud that the U.S. Army recognizes our outstanding capabilities in delivering tried and tested rapid development engineering processes to help I2WD and our Armed Forces counter global terrorism. This ongoing work for CERDEC is a powerful validation of the expertise our industry leading team of C4ISR program leaders, engineers, and technicians bring to every project."

CACI provides professional services and IT solutions needed to prevail in the defense, intelligence, homeland security, and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR integration services; cyber solutions; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 12,700 employees working in over 120 offices in the U.S. and Europe. Visit CACI on the web at http://www.caci.com/ and http://www.asymmetricthreat.net/.

There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from a prolonged recession; terrorist activities or war; changes in interest rates; currency fluctuations; significant fluctuations in the equity markets; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; or an economic stimulus package; government contract procurement (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; the results of government audit and reviews conducted by the Defense Contract Audit Agency or other government entities with cognizant oversight; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); market speculation regarding our continued independence; material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; and (iv) accounting for convertible debt instruments; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.

Corporate Communications and Media: Investor Relations: Jody Brown, David Dragics, Executive Vice President, Senior Vice President, Public Relations Investor Relations (703) 841-7801, jbrown@caci.com (866) 606-3471, ddragics@caci.com

CACI International Inc

CONTACT: Corporate Communications and Media: Jody Brown, Executive Vice
President, Public Relations, +1-703-841-7801, jbrown@caci.com, or Investor
Relations: David Dragics, Senior Vice President, Investor Relations,
+1-866-606-3471, ddragics@caci.com, both of CACI International Inc

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

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