Companies news of 2011-03-01 (page 1)

  • ERT to Change Trading Symbol to "ERT" Effective March 7, 2011 to Properly Align Business...
  • ERT Reports Fourth Quarter and Full Year 2010 Operating Results- Revenues of $44.9 million...
  • Fushi Copperweld Special Committee Selects Advisors
  • ADP Acquires AdvancedMD, A Leading Provider of Cloud-based Solutions for Practice...
  • Majesco Entertainment to Present at Three Upcoming Investor Conferences
  • Scientific Games Announces Fourth Quarter and Year End 2010 ResultsFourth Quarter Revenue...
  • comScore to Speak at Upcoming Investor Conferences in March
  • Blackboard Announces $100 Million Share Repurchase Program
  • Pearson VUE President Bob Whelan Receives Prestigious Testing Industry Award
  • McGraw-Hill Education Acquires Bookette, A Smart-Scoring Software Company
  • Gehan Homes Selects tw telecom to Deliver Converged Services to Locations Throughout...
  • Borders Announces March is 'Kids' Reading Month'Customers to Assist in Promoting Literacy...
  • Viacom President and Chief Executive Officer Philippe Dauman to Appear at the Deutsche...
  • 'Dummies Month' Celebrates 20 Years of 'Making Everything Easier'
  • ERP Logic Named SAP(R) Business ByDesign(TM) Partner of the Year, North America at SAP...
  • Lyris to Share Insights From Over 500 Email Marketers on How to Increase Conversions and...
  • IBM Advances Cloud Computing with New SoftwareIBM expands its virtualization, image...
  • Tree.com Appoints Bruce Cook as Vice President, Business Development
  • CeBIT Commences With Turkcell SponsorshipThe Chancellor of Germany Angela Merkel Embraces...
  • CeBIT Commences With Turkcell Sponsorship- The Chancellor of Germany Angela Merkel...
  • AMERCO and U-Haul International, Inc., Announce Launch of U-Haul Investors Club
  • Qualcomm et Gameloft s'allient autour des jeux mobiles HD- Cette collaboration vise à...
  • National Semiconductor's WEBENCH FPGA Power Architect Online Design Tool Named Finalist in...
  • MadCap Launches Newest Versions of MadPak and MadPak ML Suites Featuring MadCap...
  • New MadCap Flare 7.0 Signals Latest Step Toward Extinction of Print-only Publishing...
  • Bonds.com Secures an Additional $6.5 Million FinancingBrings Total Raise to $10 Million
  • Visa Inc. Completes Acquisition of PlaySpan Inc.
  • EarthLink to Present at Deutsche Bank 2011 Media & Telecom Conference
  • Bouygues: Full-year 2010 Results



    ERT to Change Trading Symbol to "ERT" Effective March 7, 2011 to Properly Align Business Brand

    PHILADELPHIA, March 1, 2011 /PRNewswire/ -- ERT , a global technology-driven provider of clinical services and customizable medical devices to bio-pharmaceutical and healthcare organizations, announced today that the Nasdaq Stock Market has approved a change in the Company's trading symbol. ERT will trade on the Nasdaq Global Select Market under the symbol "ERT" effective March 7, 2011. Stockholders are advised to make note of this trading symbol change.

    "ERT has evolved as a strong brand under which we operate, and this change to our trading symbol is intended to properly align our business brand with the investment community," said Joel Morganroth, Chief Executive Officer of ERT.

    For further information on ERT and its technology and services, please email info@ert.com, call +1 215 972 0420 or visit www.ert.com.

    For further press information, please contact Fiona Robinson, The Scott Partnership, One Whiteside, Station Road, Holmes Chapel, Cheshire CW4 8AA, United Kingdom. Phone +44 1477 539539, Fax +44 1477 539540, email ert@scottpr.co.uk.

    About ERT

    ERT (www.ert.com) is a global technology-driven provider of clinical services and customizable medical devices to biopharmaceutical and healthcare organizations. It is the market leader for centralized cardiac safety and respiratory efficacy services in drug development and also collects, analyzes and distributes electronic Patient Reported Outcomes (ePRO) in multiple modalities across all phases of clinical research.

    Media Contacts: Fiona Robinson John Blakeley The Scott Partnership ERT Tel: +44 1477 539539 +1 215 972 0420 ert@scottpr.com jblakeley@ert.com

    ERT

    CONTACT: Fiona Robinson, The Scott Partnership, +44-1477-539539,
    ert@scottpr.com, or John Blakeley, ERT, +1-215-972-0420, jblakeley@ert.com

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




    ERT Reports Fourth Quarter and Full Year 2010 Operating Results- Revenues of $44.9 million for the fourth quarter and $141.0 million for 2010- GAAP diluted net income per share of $0.08 for the fourth quarter / Non-GAAP diluted net income per share of $0.12 for the fourth quarter- Bookings of $58.9 million for the fourth quarter- 2011 guidance for revenue of $178 to $188 million / GAAP diluted net income per share of between $0.30 and $0.40 / Non-GAAP diluted net income per share of between $0.40 and $0.50

    PHILADELPHIA, March 1, 2011 /PRNewswire/ -- eResearchTechnology, Inc. (ERT), a global technology-driven provider of services and customizable medical devices to bio-pharmaceutical and healthcare organizations and the market leader for centralized cardiac safety and respiratory efficacy services in drug development, announced today results for the fourth quarter and fiscal year ended December 31, 2010. Unless otherwise noted, all comparative numbers refer to changes from the same period a year ago. The financial results for 2010 include the seven months' results related to the acquisition of CareFusion Research Services (RS) that was completed on May 28, 2010.

    This press release contains financial measures prepared in accordance with accounting principles generally accepted in the United States ("GAAP") and non-GAAP measures adjusted to exclude the impact of the amortization of the acquired intangibles and other assets and acquisition and other costs related to the RS acquisition and related income tax effects. A reconciliation of these GAAP and non-GAAP measures is found in the attached "Reconciliation of GAAP to Non-GAAP Information."

    Financial Highlights for the Fourth Quarter of 2010

    --  Net revenues were $44.9 million for the fourth quarter of 2010 compared
    to $45.1 million for the third quarter of 2010 and $23.1 million a year
    ago.  Revenues from RS were $20.0 million in the fourth quarter of 2010,
    compared to $21.5 million in the third quarter of 2010.
    --  GAAP gross margin percentage was 43.9% in the fourth quarter of 2010
    compared to 44.5% for the third quarter of 2010 and 56.9% a year ago.
    Non-GAAP gross margin percentage was 49.0% in the fourth quarter of 2010
    compared to 50.0% for the third quarter of 2010 and 56.9% a year ago.
    The Non-GAAP gross margin percentage decline sequentially was due to
    higher costs associated with the ramp up of the RS operations to meet
    customer study deliverables and integration related activities.
    --  GAAP operating income margin percentage was 11.6% in the fourth quarter
    of 2010 compared to 14.6% for the third quarter of 2010 and 21.7% a year
    ago.  Non-GAAP operating income margin percentage was 18.5% in the
    fourth quarter of 2010 compared to 21.3% for the third quarter of 2010
    and 21.7% a year ago, declining sequentially due to ramp up of RS
    operations to meet study deliverables, integration costs and higher
    bonus provisions.
    --  GAAP net income was $4.1 million, or $0.08 per diluted share, in the
    fourth quarter of 2010 compared to $3.2 million, or $0.06 per diluted
    share, in the third quarter of 2010 and $3.3 million, or $0.07 per
    diluted share, a year ago.  Non-GAAP net income was $6.1 million, or
    $0.12 per diluted share, in the fourth quarter of 2010 compared to $5.4
    million, or $0.11 per diluted share, in the third quarter of 2010 and
    $3.3 million, or $0.07 per diluted share, a year ago.
    --  Cash flow from operations was $17.1 million in the fourth quarter of
    2010, compared to $6.4 million in the third quarter of 2010 and $9.2
    million a year ago.
    --  Cash and short-term investments totaled $30.4 million at December 31,
    2010 compared to $78.8 million on December 31, 2009.  ERT had $21.0
    million in long-term debt as of December 31, 2010 compared to no debt in
    2009.
    --  New bookings were $58.9 million in the fourth quarter of 2010 compared
    to $59.1 million for the third quarter of 2010 and $44.0 million a year
    ago.
    --  The gross book-to-bill ratio was 1.3 in the fourth quarter of 2010
    compared to 1.3 in the third quarter of 2010 and 1.9 a year ago.
    --  Backlog was $302.9 million as of December 31, 2010 compared to $303.1
    million as of September 30, 2010 and $170.4 million a year ago (which
    did not include RS).  The annualized cancellation rate was 16.6% in the
    fourth quarter of 2010 compared to 14.6% in the third quarter of 2010
    and 16.1% a year ago.
    

    Financial Highlights for the Full Year of 2010

    --  Net revenues were $141.0 million for the year ended December 31, 2010
    compared to $93.8 million for the year ended December 31, 2009.
    Revenues from RS from the date of acquisition to December 31, 2010 were
    $47.2 million.
    --  GAAP gross margin percentage was 47.8% for the year ended December 31,
    2010 compared to 52.8% for the year ended December 31, 2009.   Non-GAAP
    gross margin percentage was 51.7% for the year ended December 31, 2010
    compared to 52.8% for the year ended December 31, 2009.
    --  GAAP operating income margin percentage was 11.1% for the year ended
    December 31, 2010 compared to 19.1 % for the year ended December 31,
    2009.   Non-GAAP operating income margin percentage was 19.2% for the
    year ended December 31, 2010 compared to 19.1% for the year ended
    December 31, 2009.
    --  GAAP net income was $9.9 million, or $0.20 per diluted share, for the
    year ended December 31, 2010 compared to $10.7 million, or $0.22 per
    diluted share, for the year ended December 31, 2009.  Non-GAAP net
    income was $18.4 million, or $0.37 per diluted share, for the year ended
    December 31, 2010 compared to $10.7 million, or $0.22 per diluted share,
    for the year ended December 31, 2009.
    --  Cash flow from operations was $35.9 million for the year ended December
    31, 2010 compared to $33.9 million for the year ended December 31, 2009.
    --  New bookings were $212.2 million for the year ended December 31, 2010
    compared to $153.6 million for the year ended December 31, 2009.
    

    "We continue to execute our strategic plan of leveraging our expertise in the collection, processing and distribution of digital clinical data and applying that knowledge to other healthcare sectors," commented Dr. Joel Morganroth, Chairman and Interim CEO of ERT. "Due to our RS acquisition, we finished 2010 as a very different company than we started the year. With the addition of RS, ERT is the leader in the clinical research market for cardiac safety services and respiratory services. Additionally, this combination has made us one of the top five companies providing electronic patient reported outcomes (ePRO). We have successfully diversified our revenue sources, and we also now manufacture devices which can be customized to provide unique solutions in clinical research and also have a small presence in selling these devices into the healthcare market. The combination of customizable devices and our existing technology allows us to expand our global footprint and create offerings in adjacent healthcare markets that can benefit from our expertise."

    "Our core legacy business, with revenues of $24.9 million in the fourth quarter, reached its highest level in the past eight quarters reflecting the strength of the past bookings and backlog converting to revenue," continued Dr. Morganroth. "While the integration of our new mix of products and services impacted operating income in the fourth quarter, we were still able to deliver sequential increases in GAAP and Non-GAAP diluted net income per share due to a favorable foreign exchange impact and a lower fourth quarter effective tax rate. We have added new staff in Germany to eliminate capacity constraints and to continue development of our new integrated data handling platform, EXPERT 3. In 2011, we will be making investments to complete the integration of the RS business and to strengthen our infrastructure and pilot expansion projects of our products and services into adjacent markets. While these investments will impact 2011 earnings, we continue to believe our strategy will better position us for improved growth and profitability in 2012 and beyond."

    2011 Guidance

    The Company issued guidance for the full year of 2011. ERT expects net revenues of between $178 million and $188 million for 2011. ERT expects GAAP diluted net income per share to be between $0.30 and $0.40 for 2011 and non-GAAP diluted net income per share to be between $0.40 and $0.50 for the same period. For the first quarter ending March 31, 2011, ERT expects net revenues of between $40 million and $43 million, GAAP diluted net income per share to be between $0.02 and $0.05 and non-GAAP diluted net income per share to be between $0.04 and $0.07.

    Use of Non-GAAP Financial Measures

    In addition to GAAP financial measures, ERT uses certain non-GAAP financial measures that exclude charges related to the amortization of the RS acquired intangible and other assets and acquisition and other costs (which includes $.6 million of payment to our Chief Executive Officer upon his retirement from the Company in 2010) which are related to the RS acquisition, and also their related income tax effects. ERT believes that these non-GAAP measures are useful to investors because this supplemental information facilitates comparisons of its operations from period to period and to the performance of other companies within its industry and assists in gaining a better understanding of its operating results and future prospects. ERT views amortization of acquired intangible and other assets related to the RS acquisition, which includes such items as the amortization of acquired customer backlog and technology, as items determined at the time of the acquisition. While ERT reviews the underlying value of these intangibles regularly for impairment, the amortization is an expense typically not affected by operations during any particular period and does not contribute to the operational performance in any particular period. ERT regards acquisition and other costs related to its recent acquisition as a cost that does not recur on a regular basis.

    ERT's non-GAAP effective tax rates differ from its GAAP effective tax rates for 2010 because of 1) the exclusion of the amortization of acquired intangible and other assets and acquisition and other costs related to its recent acquisition of RS, and 2) the income tax effect due to the difference between the GAAP and non-GAAP effective tax rate applied against the GAAP pre-tax income, primarily as a result of the acquisition costs not being deductible for income tax purposes. ERT excludes the impact of these discrete tax items from its non-GAAP income tax provision because it believes they are not indicative of the effective income tax rate of its ongoing business operations.

    Management uses these non-GAAP financial measures, in addition to the measures prepared in accordance with GAAP, as the basis for measuring ERT's operating performance, financial and operating decision-making, development of budgets and comparing such performance to that of prior periods for the same reasons stated above. These non-GAAP financial measures are not meant to be considered superior to or a substitute for comparable financial measures prepared in accordance with GAAP. There are also limitations on the non-GAAP measures, including: 1) these non-GAAP measures do not have standardized meanings and may not be comparable to similar non-GAAP measures used by other companies, 2) acquisition and other costs related to ERT's recent acquisition of RS represent actual cash expenditures that are excluded from ERT's non-GAAP measures, and 3) although amortization of acquired intangible and other assets does not directly impact ERT's current cash position, such expense is amortized over their expected economic lives and does represent the declining value of the assets acquired, but this expense is excluded from ERT's non-GAAP measures. ERT adjusts for these limitations by relying on these non-GAAP measures only as a supplement to its GAAP results.

    Conference Call

    Dr. Morganroth, the Company's Chairman and Interim CEO, and Mr. Keith Schneck, the Company's Chief Financial Officer, will hold a conference call to discuss these results. The conference call will take place at 5:00 PM ET on March 1, 2011. For the conference call, interested participants should dial 1-800-860-2442 when calling within the United States or 1-412-858-4600 when calling internationally. There will be a playback available as well. To listen to the playback, please call 1-877-344-7529 when calling within the United States or 1-412-317-0088 when calling internationally. Conference code for playback is 448386. This call is being webcast by MultiVu and can be accessed at ERT's website at www.ert.com. The webcast may also be accessed via the direct link at http://www.videonewswire.com/event.asp?id=76717. The webcast can be accessed for up to one year on either site.

    About eResearchTechnology, Inc.

    ERT (www.ert.com) is a global technology-driven provider of clinical services and customizable medical devices to biopharmaceutical and healthcare organizations. It is the market leader for centralized cardiac safety and respiratory efficacy services in drug development and also collects, analyzes and distributes electronic patient reported outcomes (ePRO) in multiple modalities across all phases of clinical research.

    This release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views as to future events and financial performance with respect to our operations. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as "aim," "anticipate," "are confident," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe," "look to" and other words and terms of similar meaning in conjunction with a discussion of future operating or financial performance.

    These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that might cause such a difference include: unfavorable economic conditions; our ability to obtain new contracts and accurately estimate net revenues, our positive outlook for future bookings, variability in size, scope and duration of projects and internal issues at the sponsoring client; our ability to successfully integrate the RS or any future acquisitions; competitive factors in the market for our centralized services; changes in the bio-pharmaceutical and healthcare industries to which we sell our solutions; technological development; and market demand. There is no guarantee that the amounts in our backlog will ever convert to revenue. Should the economic conditions deteriorate, the cancellation rates that we have historically experienced could increase. Further information on potential factors that could affect the Company's financial results can be found in ERT's Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission. Guidance is based on management's good faith expectations given current market conditions but that continued or further deterioration of general economic conditions, in addition to other factors cited elsewhere, could result in ERT not achieving the revenue and net income per diluted share guidance provided.

    Forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements, including prior forward-looking statements, to reflect the events or circumstances arising after the date as of which they were made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included in this release or that may be made in our filings with the Securities and Exchange Commission or elsewhere from time to time by, or on behalf of, us.

    Contact: -------- Keith Schneck Robert East eResearchTechnology, Inc. Westwicke Partners, LLC 215-282-5566 410-312-0502

    eResearchTechnology, Inc. and Subsidiaries Consolidated Statements of Operations (in thousands, except per share amounts) (unaudited)

    Three Months Ended Year Ended December December 31, 31, 2009 2010 2009 2010 ---- ---- ---- ---- Net revenues: Services $16,363 $26,257 $64,655 $85,718 Site support 6,772 18,643 26,667 55,274 EDC licenses and services - - 2,501 - --- --- ----- --- Total net revenues 23,135 44,900 93,823 140,992 ------ ------ ------ ------- Costs of revenues: Cost of services 6,945 14,241 29,886 43,403 Cost of site support 3,021 10,951 13,544 30,212 Cost of EDC licenses and services - - 863 - --- --- --- --- Total costs of revenues 9,966 25,192 44,293 73,615 ----- ------ ------ ------ Gross margin 13,169 19,708 49,530 67,377 ------ ------ ------ ------ Operating expenses: Selling and marketing 3,149 4,237 12,905 16,064 General and administrative 4,278 8,329 14,859 30,607 Research and development 722 1,912 3,853 5,089 --- ----- ----- ----- Total operating expenses 8,149 14,478 31,617 51,760 ----- ------ ------ ------ Operating income 5,020 5,230 17,913 15,617 Foreign exchange gains (losses) (75) 311 (618) (956) Other income (expense), net 15 (58) 183 (239) --- --- --- ---- Income before income taxes 4,960 5,483 17,478 14,422 Income tax provision 1,710 1,363 6,791 4,551 ----- ----- ----- ----- Net income $3,250 $4,120 $10,687 $9,871 ====== ====== ======= ====== Net income per share: Basic $0.07 $0.08 $0.22 $0.20 Diluted $0.07 $0.08 $0.22 $0.20 Shares used in computing net income per share: Basic 48,497 48,867 49,173 48,808 Diluted 48,777 49,274 49,468 49,190

    eResearchTechnology, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share and per share amounts) (unaudited)

    December 31, December 31, 2009 2010 ------------- ------------- ASSETS Current assets: Cash and cash equivalents $68,979 $30,343 Short-term investments 9,782 50 Investment in marketable securities 1,026 648 Accounts receivable less allowance for doubtful accounts of $548 and $515, respectively 16,579 37,236 Inventory - 4,698 Prepaid income taxes 2,698 1,988 Prepaid expenses and other 3,308 4,393 Deferred income taxes 1,649 3,431 ----- ----- Total current assets 104,021 82,787 Property and equipment, net 24,205 42,615 Goodwill 34,676 71,637 Intangible assets 1,607 17,187 Other assets 352 609 --- --- Total assets $164,861 $214,835 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $3,007 $7,136 Accrued expenses 5,990 16,162 Income taxes payable 346 - Deferred revenues 11,728 11,670 ------ ------ Total current liabilities 21,071 34,968 Deferred rent 2,357 2,368 Deferred income taxes 2,502 3,703 Long-term debt - 21,000 Other liabilities 1,259 2,141 ----- ----- Total liabilities 27,189 64,180 ------ ------ Stockholders' equity: Preferred stock-$10.00 par value, 500,000 shares authorized, none issued and outstanding - - Common stock-$.01 par value, 175,000,000 shares authorized, 60,189,235 and 60,460,782 shares issued, respectively 602 605 Additional paid-in capital 97,367 100,441 Accumulated other comprehensive loss (1,580) (1,545) Retained earnings 121,166 131,037 Treasury stock, 11,589,603 shares at cost (79,883) (79,883) ------- ------- Total stockholders' equity 137,672 150,655 ------- ------- Total liabilities and stockholders' equity $164,861 $214,835 ======== ========

    eResearchTechnology, Inc. and Subsidiaries Consolidated Statements of Cash Flows (in thousands) (unaudited)

    Year Ended December 31, 2009 2010 ---- ---- Operating activities: Net income $10,687 $9,871 Adjustments to reconcile net income to net cash provided by operating activities: Gain on sale of EDC operations (530) - Depreciation and amortization 12,583 19,751 Cost of sales of equipment 96 1,158 Provision for uncollectible accounts 210 - Share-based compensation 2,790 2,717 Deferred income taxes 1,680 (651) Changes in operating assets and liabilities: Accounts receivable 12,726 (7,091) Inventory - (1,265) Prepaid expenses and other (293) 476 Accounts payable (767) 4,131 Accrued expenses (3,490) 8,054 Income taxes (3,286) (687) Deferred revenues 1,379 (358) Deferred rent 148 (179) --- ---- Net cash provided by operating activities 33,933 35,927 ------ ------ Investing activities: Purchases of property and equipment (6,207) (21,746) Purchases of investments (9,732) (999) Proceeds from sales of investments - 10,731 Payments related to sale of EDC operations (1,150) - Payments for acquisitions (655) (82,789) Net cash used in investing activities (17,744) (94,803) ------- ------- Financing activities: Proceeds from long-term debt - 23,000 Repayment of long-term debt - (2,000) Repayment of capital lease obligations (43) - Proceeds from exercise of stock options 523 229 Stock option income tax benefit 152 55 Repurchase of common stock for treasury (15,120) - ------- --- Net cash (used in) provided by financing activities (14,488) 21,284 ------- ------ Effect of exchange rate changes on cash 902 (1,044) --- ------ Net increase (decrease) in cash and cash equivalents 2,603 (38,636) Cash and cash equivalents, beginning of period 66,376 68,979 ------ ------ Cash and cash equivalents, end of period $68,979 $30,343 ======= =======

    eResearchTechnology, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Information (in thousands, except per share amounts) (unaudited)

    Three Months Ended ------------------ December September December 31, 2009 30, 2010 31, 2010 --------- ---------- --------- Net revenues $23,135 $45,128 $44,900 Reconciliation of GAAP to Non- GAAP gross margin: GAAP gross margin $13,169 $20,097 $19,708 Amortization of acquired intangibles and other assets - 2,451 2,288 Non-GAAP gross margin $13,169 $22,548 $21,996 ======= ======= ======= Non-GAAP gross margin percentage 56.9% 50.0% 49.0% Non-GAAP gross margin percentage is calculated by dividing non- GAAP gross margin by net revenues ---------------------------------- Reconciliation of GAAP to Non-GAAP operating income: GAAP operating income $5,020 $6,589 $5,230 Amortization of acquired intangibles and other assets - 2,451 2,288 Acquisition and integration related costs - 558 800 Non-GAAP operating income $5,020 $9,598 $8,318 ====== ====== ====== Non-GAAP operating income margin percentage 21.7% 21.3% 18.5% Non-GAAP operating income margin percentage is calculated by dividing non-GAAP operating income by net revenues -------------------------------- Reconciliation of GAAP to Non- GAAP net income: GAAP net income $3,250 $3,173 $4,120 Amortization of acquired intangibles and other assets - 2,451 2,288 Acquisition and integration related costs - 558 800 Income tax effect due to Non-GAAP reconciling items - (748) (1,123) and other differences between the GAAP and Non-GAAP effective tax rate Non-GAAP net income $3,250 $5,434 $6,085 ====== ====== ====== Non-GAAP net income margin percentage 14.0% 12.0% 13.6% -------------------------- ---- ---- ---- Reconciliation of GAAP to Non- GAAP diluted net income per share: GAAP diluted net income per share $0.07 $0.06 $0.08 Amortization of acquired intangibles and other assets - 0.05 0.05 Acquisition and integration related costs - 0.01 0.01 Income tax effect due to Non-GAAP reconciling items - (0.01) (0.02) and other differences between the GAAP and Non-GAAP effective tax rate Non-GAAP diluted net income per share $0.07 $0.11 $0.12 ===== ===== ===== Shares used in computing diluted net income per share 48,777 49,258 49,274 Assumed effective tax rate - Non- GAAP 34.5% 29.0% 29.0%

    Year Ended ---------- December December 31, 2009 31, 2010 --------- --------- Net revenues $93,823 $140,992 Reconciliation of GAAP to Non-GAAP gross margin: GAAP gross margin $49,530 $67,377 Amortization of acquired intangibles and other assets - 5,572 Non-GAAP gross margin $49,530 $72,949 ======= ======= Non-GAAP gross margin percentage 52.8% 51.7% Non-GAAP gross margin percentage is calculated by dividing non-GAAP gross margin by net revenues -------------------------------------- Reconciliation of GAAP to Non-GAAP operating income: GAAP operating income $17,913 $15,617 Amortization of acquired intangibles and other assets - 5,572 Acquisition and integration related costs - 5,939 Non-GAAP operating income $17,913 $27,128 ======= ======= Non-GAAP operating income margin percentage 19.1% 19.2% Non-GAAP operating income margin percentage is calculated by dividing non-GAAP operating income by net revenues ------------------------------------------- Reconciliation of GAAP to Non-GAAP net income: GAAP net income $10,687 $9,871 Amortization of acquired intangibles and other assets - 5,572 Acquisition and integration related costs - 5,939 Income tax effect due to Non-GAAP reconciling items - (2,969) and other differences between the GAAP and Non-GAAP effective tax rate Non-GAAP net income $10,687 $18,413 ======= ======= Non-GAAP net income margin percentage 11.4% 13.1% ------------------------------------- ---- ---- Reconciliation of GAAP to Non-GAAP diluted net income per share: GAAP diluted net income per share $0.22 $0.20 Amortization of acquired intangibles and other assets - 0.11 Acquisition and integration related costs - 0.12 Income tax effect due to Non-GAAP reconciling items - (0.06) and other differences between the GAAP and Non-GAAP effective tax rate Non-GAAP diluted net income per share $0.22 $0.37 ===== ===== Shares used in computing diluted net income per share 49,468 49,190 Assumed effective tax rate - Non-GAAP 38.9% 29.0%

    Three Months Year Ending March 31, Ending December 2011 31, 2011 ----------------- --------------- High High Range Low Range Range Low Range ----- --------- ----- --------- Reconciliation of GAAP to Non-GAAP diluted net income per share guidance: GAAP estimate of diluted net income per share $0.05 $0.02 $0.40 $0.30 Estimated effect on diluted net income per share of: Amortization of acquired intangibles and other assets 0.03 0.03 0.13 0.13 Acquisition and integration related costs - - - - Income tax effect due to Non-GAAP reconciling items (0.01) (0.01) (0.03) (0.03) and other differences between the GAAP and ----- ----- ----- ----- Non-GAAP effective tax rate Non-GAAP estimate of diluted net income per share $0.07 $0.04 $0.50 $0.40 ===== ===== ===== ===== Shares used in computing estimated diluted net income per 49,500 49,500 50,000 50,000 share Estimated effective tax rate 29.0% 29.0% 29.0% 29.0%

    ERT

    CONTACT: Keith Schneck, eResearchTechnology, Inc., +1-215-282-5566; or
    Robert East, Westwicke Partners, LLC, +1-410-312-0502

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




    Fushi Copperweld Special Committee Selects Advisors

    BEIJING, March 1, 2011 /PRNewswire-Asia-FirstCall/ -- Fushi Copperweld, Inc. (the "Company") , the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, announced today that the Special Committee of its Board of Directors, formed to consider, among other things, a proposal by a group headed by the Company's Chairman and Co-Chief Executive Officer, Mr. Li Fu, to take the Company private (the "Proposal"), has retained BofA Merrill Lynch as its financial advisor and Gibson, Dunn & Crutcher LLP as its legal advisor to assist the Special Committee in its consideration of such matters. No assurance can be given that the Proposal, or any other transaction, will be consummated. The Company does not intend to disclose developments regarding these matters unless and until its Board of Directors determines there is a need to update the market.

    About Fushi Copperweld

    Fushi Copperweld Inc., through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co. Ltd., and Copperweld Bimetallics LLC, is the leading manufacturer and innovator of copper-clad bimetallic engineered conductor products for electrical, telecommunications, transportation, utilities and industrial applications. With extensive design and production capabilities, and a long-standing dedication to customer service, Fushi Copperweld is the preferred choice for bimetallic products worldwide.

    Safe Harbor Statement

    This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "expects" or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at www.sec.gov.

    For more information, please contact: ------------------------------------- Nathan J. Anderson, VP/Corporate Development - Fushi Copperweld Inc. -------------------------------------------------------------------- Phone +1.931.433.0482 - E-mail: IR@fushicopperweld.com ------------------------------------------------------ Web: www.fushicopperweld.com ----------------------------

    Fushi Copperweld, Inc.

    CONTACT: Fushi Copperweld Inc., Nathan J. Anderson, VP/Corporate
    Development, +1-931-433-0482, IR@fushicopperweld.com

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




    ADP Acquires AdvancedMD, A Leading Provider of Cloud-based Solutions for Practice Management, Electronic Health Records, and Revenue Cycle Management

    ROSELAND, N.J., March 1, 2011 /PRNewswire/ -- ADP (R), a leading provider of human resource, payroll and benefits administration services, today announced that it has acquired AdvancedMD, a highly respected, privately-held provider of practice management (PM) and electronic health records (EHR) solutions targeting small and mid-sized medical practices.

    Ranking among the top 10 PM and EHR providers today, AdvancedMD's innovative, cloud-based solutions are utilized by more than 10,000 physicians in 4,100 practices and by more than 300 regional billing partners across the United States. At the same time, ADP's Small Business Services currently provides an array of integrated HR, payroll and benefits outsourcing services to more than 45,000 physicians in approximately 13,500 small to mid-sized practices. By leveraging the collective offering of AdvancedMD's PM and EHR solutions, and combining that with ADP's full set of services and long-standing history of serving medical professionals, ADP is now uniquely positioned as an integrated, single-source provider of Medical Practice Optimization.

    Jan Siegmund, ADP's chief strategy officer, commented, "With a trusted brand, best-in-class solutions, and experienced management team, AdvancedMD is a highly strategic fit with ADP and will enhance our offerings to small- and medium-sized medical clients. A partnership with ADP means that physicians can dedicate themselves to what they care about most-- patient care --while letting ADP take care of the rest. With our newly combined team, ADP and AdvancedMD will compete effectively for the small- and mid-sized physician practice market, which is going through a rapid technology adoption cycle and moving aggressively toward outsourced solutions--clearly ADP's strength."

    "Becoming a part of ADP is a terrific opportunity that creates immediate and compelling benefits for our customers, our business and our employees," said Eric Morgan, president and chief executive officer of AdvancedMD. "AdvancedMD will benefit from becoming part of a global company with extensive resources and a strong reputation built on a foundation of superior client service. Emerging technology standards, coupled with incentives related to the Health Information Technology for Economic and Clinical Health (HITECH) Act enacted as part of the American Recovery and Reinvestment Act (ARRA) of 2009, are also spurring medical practices to evaluate and adopt electronic health record systems. Together, we will be in an excellent position to capitalize on the attractive long-term growth prospects of physicians seeking cloud computing-based solutions to the clinical and administrative aspects of their practices."

    Based in Salt Lake City, Utah with approximately 200 employees, AdvancedMD has achieved rapid and sustained growth since its founding in 2002.

    About ADP

    Automatic Data Processing, Inc. , with nearly $9 billion in revenues and about 550,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1 (800) 225-5237 or visit the company's website at www.ADP.com.

    About AdvancedMD

    AdvancedMD provides market-leading medical billing software, which includes cloud-based electronic health records software (EHR) and practice management software (PM), delivered to more than 10,000 providers and 300 medical billing service providers nationwide. As a complete Medical Practice Optimization solution, the product combines the clinical with the financial to improve workflow and revenue capture. AdvancedMD medical office software includes EHR software, medical scheduling, electronic eligibility verification, electronic prescribing, and mobile access capabilities for the practice. It provides sophisticated, efficient claims processing, denial tracking and revenue management for the billing professional. Processing more than one million claims per month through our platform, the company consistently achieves first-pass claim acceptance rates of 95 percent or better, compared to the national average of 70 percent creating a powerful return on investment for small physician offices. For more information on our medical software, please visit www.advancedmd.com.

    For more information, contact: Christian Harper, Weber Shandwick for ADP (212) 445-8135 charper@webershandwick.com

    Automatic Data Processing, Inc.

    CONTACT: Christian Harper, Weber Shandwick for ADP, +1-212-445-8135,
    charper@webershandwick.com

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




    Majesco Entertainment to Present at Three Upcoming Investor Conferences

    EDISON, N.J., March 1, 2011 /PRNewswire / -- Majesco Entertainment Company , an innovative provider of video games for the mass market, announced today that Jesse Sutton, Chief Executive Officer and Mike Vesey, Interim Chief Financial Officer will present at three upcoming investor conferences; the Wedbush 2011 TMT Management Access Conference, the Roth 23rd Annual OC Growth Stock Conference, and the Needham Consumer Lifestyle Conference.

    On Wednesday, March 9, Mr. Sutton and Mr. Vesey will present at the Wedbush 2011 Technology, Media & Telecommunications Management Access Conference in New York City at 1:10 p.m. Eastern Time.

    On Tuesday, March 15, Mr. Sutton and Mr. Vesey will present at the Roth 23rd Annual OC Growth Stock Conference at the Ritz-Carlton in Laguna Niguel, CA at 8:30 a.m. Pacific Time.

    On Wednesday, March 16, Mr. Sutton and Mr. Vesey will present at the Needham Consumer Lifestyle Conference in New York City at 8:40 a.m. Eastern Time.

    A live audio webcast may be accessed through the investor relations portion of Majesco Entertainment's Web site, located at www.majescoentertainment.com. The webcast and presentation will also be archived on the Web site for 90 days following the presentation.

    About Majesco Entertainment Company

    Majesco Entertainment Company is a provider of video games for the mass market. Building on more than 20 years of operating history, the company is focused on developing and publishing a wide range of casual and family oriented video games on Kinect for Xbox 360(R), PlayStation(R)Move motion controller, Wii(TM), Nintendo 3DS(TM) and DS(TM), Facebook(R) Platform, mobile and other leading platforms. Product highlights include Cooking Mama(TM), Babysitting Mama(TM), TETRIS(R) Party Deluxe and Zumba Fitness(R). The Company's shares are traded on the Nasdaq Stock Market under the symbol: COOL. Majesco is headquartered in Edison, NJ and has an international office in Bristol, UK. More info can be found online at www.majescoentertainment.com or on Twitter at http://twitter.com/majesco.

    Safe Harbor

    Some statements set forth in this release, including the estimates under the headings "Fiscal 2011 Outlook" contain forward-looking statements that are subject to change. Statements including words such as "anticipate," "believe," "estimate" or "expect" and statements in the future tense are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual events or actual future results to differ materially from the expectations set forth in the forward-looking statements. Some of the factors which could cause our results to differ materially from our expectations include the following: consumer demand for our products, the availability of an adequate supply of current-generation and next-generation gaming hardware, including but not limited to Nintendo's DS and Wii(TM) platforms; our ability to predict consumer preferences among competing hardware platforms; consumer spending trends; the seasonal and cyclical nature of the interactive game segment; timely development and release of our products; competition in the interactive entertainment industry; developments in the law regarding protection of our products; our ability to secure licenses to valuable entertainment properties on favorable terms; our ability to manage expenses; our ability to attract and retain key personnel; adoption of new accounting regulations and standards; adverse changes in the securities markets; our ability to comply with continued listing requirements of the Nasdaq stock exchange; the availability of and costs associated with sources of liquidity; and other factors described in our filings with the SEC, including our Annual Report on Form 10-K for the year ended October 31, 2010. We do not undertake, and specifically disclaim any obligation, to release publicly the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    Majesco Entertainment Company

    CONTACT: Todd Greenwald, Majesco Entertainment Company, +1-732-476-1938

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




    Scientific Games Announces Fourth Quarter and Year End 2010 ResultsFourth Quarter Revenue Excluding Racing Business Increased Approximately 2% vs. Prior-Year Period

    NEW YORK, March 1, 2011 /PRNewswire/ -- Scientific Games Corporation today announced results for the fourth quarter and year ended December 31, 2010.

    Summary Financial Results ($ in millions, except per share amounts)

    Three Months Twelve Months Ended, Ended, December 31, December 31, ------------ ------------ 2010 2009 2010 2009 ---- ---- ---- ---- Revenue $212.1 $232.9 $882.5 $927.7 Operating income (loss) (11.0) (69.5) 58.7 (0.0) Attributable EBITDA 77.7 79.1 314.9 331.5 Net loss $(158.4) $(50.1) $(149.2) $(39.9) Net loss per share $(1.74) $(0.54) $(1.61) $(0.43) Capital expenditures (1) 30.2 31.5 108.7 111.6 Free cash flow $(2.9) $12.5 $61.9 $108.5

    In this release, the Company has provided "attributable EBITDA" as a key performance metric, which is comprised of the Company's consolidated EBITDA plus the Company's proportionate share of the EBITDA of its joint ventures. Attributable EBITDA and free cash flow as used herein are non-GAAP financial measures defined below under "Non-GAAP Financial Measures" and reconciled to GAAP financial measures in the accompanying tables. Note that, as explained more fully below under "Non-GAAP Financial Measures," the "attributable EBITDA" metric as used herein is different from the "adjusted EBITDA" metric used in earnings releases for prior periods.

    The results reported in this press release include the results of operations of the Company's racing and venue management businesses ("Racing Business") until the sale of the business on October 5, 2010, other than associated depreciation and amortization expense which is not reflected in the results in accordance with "held for sale" accounting treatment. The financial tables at the end of this release provide the standalone reported results for the Racing Business, and provide a reconciliation of both the Company's results and Diversified Gaming Group's results to the respective results excluding the Racing Business for all of the periods presented herein.

    (1) Includes wagering systems expenditures and other intangible assets and software expenditures.

    Business Highlights

    --  Scientific Games' U.S. instant ticket and lottery systems customers'
    retail sales increased 4.9% and 2.2%, respectively, in the fourth
    quarter of 2010 compared to the fourth quarter of 2009, based on
    third-party data
    --  Fourth quarter 2010 China Sports Lottery instant ticket retail sales
    increased 22.8% versus the prior-year period
    --  The Company's Italian joint venture, Lotterie Nazionali S.r.l. ("LNS"),
    began operating under the new instant ticket lottery concession on
    October 1, 2010
    --  The Global Draw's U.K. gross win per machine per day achieved record
    quarterly performance
    --  The Company recently announced the following signed contracts:
    --  Northstar Private Management Agreement with the Illinois Lottery for
    a ten-year term (which is moving forward following a stay pending
    appeal of an Illinois court decision that upheld a constitutional
    challenge to the related revenue statute on grounds that the statute
    impermissibly addressed more than one subject)
    --  Netherlands primary instant ticket supply contract and cooperative
    services program ("CSP")
    --  Iowa lottery systems contract and instant ticket contract extension
    --  Louisiana primary instant ticket supply contract
    --  OLG (Ontario Lottery) secondary instant ticket supply contract
    

    Jeffrey S. Lipkin, Senior Vice President and Chief Financial Officer, stated, "Our fourth quarter results reflected the impact of the sale of our Racing Business and accounting for the new structure of our Italian joint venture. We also incurred several non-cash charges, including a valuation allowance for our U.S. deferred tax assets in the quarter. While these items make comparability to prior periods challenging, we are pleased with our underlying performance metrics, including revenue growth on a consolidated basis in our core lottery and gaming businesses and solid margins. We are also encouraged by signs of improving retail sales in U.S. instant tickets and lottery systems, along with positive sales trends in China and Italy and increased gross win per machine per day in our Global Draw business. While we are pleased with these trends, we view 2011 as a year of investment for the Company. We intend to focus resources toward executing on our strategic initiatives, while remaining disciplined regarding capital deployment, with capital expenditure levels anticipated to be generally in line with recent years."

    Chairman and Chief Executive Officer Lorne Weil added, "During the past few months we have made meaningful strides toward positioning Scientific Games for the next phase of growth. We have expanded and strengthened our global leadership team and realigned our business units in an effort to enhance execution on our key growth initiatives. We have also renewed our emphasis on innovation throughout our Company, and remain focused on expanding our server-based gaming business, implementing attractive new business models such as lottery private management, pursuing new retail and digital delivery channels, introducing new content, and developing the international instant ticket market. I believe that we are taking the necessary actions to further bolster our already strong platform and position the Company to drive growth well into the future."

    Fourth Quarter Financial Results

    Revenue was $212.1 million in the fourth quarter of 2010 compared to $232.9 million in the fourth quarter of 2009. The decrease in revenue was primarily due to the sale of the Racing Business, which closed on October 5, 2010. Excluding the results of the Racing Business in both periods, revenue in the fourth quarter of 2010 was $210.9 million compared to $207.5 million in the prior-year period.

    Operating loss was $11.0 million in the fourth quarter of 2010 compared to an operating loss of $69.5 million in the prior-year period. Fourth quarter 2010 results reflect non-cash impairment charges related to underperforming Lottery Systems contracts ($17.5 million), obsolete Lottery Systems and Global Draw equipment ($5.5 million) and accelerated depreciation on existing platform technology due to Global Draw's migration to a new technology platform ($8.3 million). The fourth quarter 2009 operating loss reflected charges related to the sale of the Racing Business (write-down of $50.4 million and transaction expenses of $4.0 million), non-cash impairment charges related to Lottery Systems contracts ($24.7 million), transaction expenses ($5.7 million) and restructuring expenses ($5.0 million). Excluding the results of the Racing Business in both periods, operating loss in the fourth quarter of 2010 was $10.8 million compared to an operating loss of $11.9 million in the prior-year period.

    Net loss in the fourth quarter of 2010 was $158.4 million, or $1.74 per share, compared to a net loss of $50.1 million, or $0.54 per share, in the prior-year period. In addition to the impact of the above-mentioned items, the year-over-year increase in net loss was primarily due to higher interest expense ($2.9 million) and an increase in the tax provision primarily due to a non-cash charge of $137.3 million in the fourth quarter of 2010 to establish a valuation allowance against the Company's U.S. deferred tax assets under applicable accounting rules. The fourth quarter 2010 results also reflect lower equity in earnings of joint ventures ($7.8 million), primarily due to the structure of LNS, the Company's recently formed joint venture that holds the new concession for the Italian instant ticket lottery. The Company's share of net earnings from Italy are now reported on an after-tax basis (as compared to on a pre-tax basis under the prior concession) and reflect amortization of the upfront fee for the new concession, which together reduced equity in earnings of the Italian joint venture by approximately $8.0 million in the fourth quarter of 2010. These items were partially offset by a change in other income ($4.8 million) due to a loss on a foreign currency hedge in the fourth quarter of 2009.

    Joint venture EBITDA was $19.3 million in the fourth quarter of 2010, compared to $16.0 million in the prior-year period, primarily due to higher EBITDA of the Company's Italian and China joint ventures, along with the inclusion of the Company's 20% equity interest in Sportech Plc beginning in the fourth quarter of 2010 that was acquired in connection with the sale of the Racing Business to Sportech. Attributable EBITDA was $77.7 million in the fourth quarter of 2010, compared to $79.1 million in the prior-year period.

    Net loss for the fourth quarter of 2010 was also impacted by the following items (which are adjustments to "consolidated EBITDA" under the Company's credit agreement and reflected on a pre-tax basis in attributable EBITDA), presented below on an after-tax basis:

    --  write-off of deferred financing costs in connection with the Company's
    recent debt refinancing of $0.7 million,
    --  earn-out payment related to an acquisition completed in 2004 of $2.3
    million,
    --  professional fees related to the Italian instant ticket tender process
    of $0.2 million,
    --  charges related to the sale of the Racing Business of $0.4 million,
    --  royalties and fees related to the Company's new technology platform of
    $0.3 million,
    --  legal and advisory fees of $0.2 million, and
    --  stock-based compensation expense of $5.3 million.
    

    By way of comparison, net loss for the fourth quarter of 2009 was impacted by the following items (which are adjustments to "consolidated EBITDA" under the Company's credit agreement and reflected on a pre-tax basis in attributable EBITDA), presented below on an after-tax basis:

    --  write-down of $30.9 million and transaction expenses of $2.5 million
    related to the sale of the Racing Business,
    --  restructuring and transaction expenses of $5.4 million,
    --  professional fees and a loss on a foreign currency hedge related to the
    Italian instant ticket tender process of $1.2 million,
    --  debt related fees and charges of $0.1 million, and
    --  stock-based compensation expense of $5.4 million.
    

    Printed Products Group

    Scientific Games' U.S. instant ticket customers' retail sales increased approximately 4.9% and 2.9% in the fourth quarter and year ended December 31, 2010, respectively, compared to the prior-year periods, based on third-party data.

    Printed Products Group revenue was $124.2 million in the fourth quarter of 2010, compared to $116.2 million in the fourth quarter of 2009. The increase was primarily related to improved performance from the Company's MDI licensed properties and Internet services business ($4.8 million), higher revenue from international customers ($4.8 million) and higher revenue from the Company's U.S. and European CSP contracts ($0.9 million). This was partially offset by a decrease in sales of instant tickets to Italy ($1.9 million) due to a decline in the Company's share of the printing volume, and lower phone card sales ($0.8 million).

    Operating income of $25.7 million in the fourth quarter of 2010 decreased slightly from $26.1 million in the fourth quarter of 2009. This was primarily due to an increase in legal expense ($2.3 million) and incentive compensation expense ($1.1 million), along with an earn-out related to an acquisition completed in 2004 ($2.3 million). This was partially offset by increased revenue and a more profitable revenue mix, along with the positive impact of production efficiencies.

    Lottery Systems Group

    Scientific Games' U.S. lottery systems customers' retail sales increased approximately 2.2% and decreased approximately 1.0% in the fourth quarter and year ended December 31, 2010, respectively, compared to the prior- year periods, based on third-party data.

    Lottery Systems Group revenue was $63.2 million in the fourth quarter of 2010, compared to revenue of $66.9 million in the fourth quarter of 2009. Reflected in this performance were lower sales of hardware and software ($3.2 million) and a decline in service revenue ($0.5 million). The decline in sales revenue was primarily the result of a large hardware order to a European customer in the prior-year period. The decline in service revenue reflected the loss of contracts in New Hampshire and Vermont ($2.2 million), contract rate changes ($0.9 million), and unfavorable foreign currency translation ($0.6 million), partially offset by an increase in China Sports Lottery sales ($1.8 million) and an increase in U.S. revenue ($1.2 million).

    Operating loss was $10.1 million in the fourth quarter of 2010, compared to an operating loss of $14.1 million in the fourth quarter of 2009. This improvement primarily resulted from a more profitable mix of revenue and a decline in depreciation and amortization ($3.7 million) due to lower non-cash impairment charges. The fourth quarter 2010 results included non-cash impairment charges related to obsolete Lottery Systems equipment ($3.0 million) and underperforming Lottery Systems contracts ($17.5 million), while the fourth quarter 2009 results included non-cash impairments of Lottery Systems contracts ($24.7 million).

    China Sports Lottery retail sales increased by 22.8% and 8.3% in the fourth quarter and year ended December 31, 2010, respectively, compared to the prior-year periods, due to a combination of higher average selling prices, expansion of the retailer and validation network, and enhanced merchandising and promotional activity.

    Diversified Gaming Group

    Diversified Gaming Group revenue was $24.7 million in the fourth quarter of 2010, compared to revenue of $49.8 million in the fourth quarter of 2009. The decrease in revenue was principally due to the sale of the Racing Business, which closed in October 2010. Excluding the results of the Racing Business in both periods, Diversified Gaming Group revenue in the fourth quarter of 2010 was $23.5 million compared to $24.4 million in the prior-year period. Global Draw benefited from terminal growth and international expansion ($1.8 million) and realized record levels of gross win per terminal per day; however, revenue declined primarily due to revised contract terms in the U.K. ($0.8 million), decreased revenue from the Austrian over-the-counter product ($0.5 million) and unfavorable foreign currency translation ($0.9 million).

    Operating loss was $10.6 million in the fourth quarter of 2010, compared to an operating loss of $58.2 million in the fourth quarter of 2009, which included a write-down of $50.4 million and transaction expenses of $4.0 million related to the sale of the Racing Business. Excluding the results of the Racing Business in both periods, Diversified Gaming Group operating loss was $10.4 million in the fourth quarter of 2010, which compared to an operating loss of $0.6 million in the prior-year period. This decline was primarily the result of an increase in depreciation and amortization due to non-cash impairments of obsolete Global Draw equipment ($2.5 million) and accelerated depreciation on existing platform technology as a result of Global Draw's migration to a new technology platform ($8.3 million). This was partially offset by a decrease in incentive compensation expense ($1.2 million).

    Liquidity and Capital Resources

    At December 31, 2010, the Company had cash and cash equivalents of $124.3 million and availability under its revolving credit facility of $134.3 million. The Company had total indebtedness of $1,396.7 million as of December 31, 2010, compared to $1,367.1 million as of December 31, 2009.

    The Company continued to manage working capital and focus on higher returns on capital while investing in growth, which resulted in free cash flow of $61.9 million for the year ended December 31, 2010.

    Conference Call Details

    Scientific Games will host a conference call today at 5:00 PM Eastern Standard Time to review these results and discuss other topics. To access the call live via a listen-only webcast, please visit www.scientificgames.com and click on the webcast link under the Investor Information section. To access the call by telephone, please dial (866) 277-1181 (U.S. and Canada) or (617) 597-5358 (International) 15 minutes prior to the start of the call. The conference ID is 63156424. A replay of the webcast and accompanying presentation will be archived in the Investor Information section on the Company's website.

    About Scientific Games

    Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games' integrated array of products and services include instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming machines and associated gaming control systems. For more information, please visit our website at www.scientificgames.com.

    Company Contact: Cindi Buckwalter, Investor Relations (212) 754-2233

    Forward-Looking Statements

    In this press release the Company makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "continue," "believe," "expect," "anticipate," "could," "potential," "opportunity," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of future results or performance. Actual results may differ materially from those projected in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; material adverse changes in economic and industry conditions; technological change; retention and renewal of existing contracts and entry into new or revised contracts; availability and adequacy of cash flows to satisfy obligations and indebtedness or future needs; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; inability to identify, complete and integrate future acquisitions; inability to benefit from, and risks associated with, joint ventures and strategic investments and relationships; pending legal challenges that may affect our joint venture's Illinois lottery private management agreement or the failure of our joint venture to meet the net income targets or otherwise realize the anticipated benefits under such agreement; seasonality; inability to identify and capitalize on trends and changes in the lottery and gaming industries; inability to enhance and develop successful gaming concepts; dependence on suppliers and manufacturers; liability for product defects; fluctuations in foreign currency exchange rates and other factors associated with foreign operations; influence of certain stockholders; dependence on key personnel; failure to perform on contracts; resolution of pending or future litigation; labor matters; and stock price volatility. Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in the Company's filings with the Securities and Exchange Commission, including under the heading "Risk Factors" in our periodic reports. Forward-looking statements speak only as of the date they are made and, except for the Company's ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

    Non-GAAP Financial Measures

    Attributable EBITDA, as included herein, is based on the definition of "consolidated EBITDA" in our credit agreement (summarized below), except that attributable EBITDA as used herein includes our share of the EBITDA of our joint ventures (whereas "consolidated EBITDA" for purposes of the credit agreement includes our share of the income of our joint ventures to the extent it has been distributed to us). Attributable EBITDA is a non-GAAP financial measure that is presented herein as a supplemental disclosure and is reconciled to net income (loss) in a schedule below.

    The definition of "attributable EBITDA" as used herein is different from the definition of "adjusted EBITDA" used in our earnings releases for prior periods. Both attributable EBITDA and adjusted EBITDA include adjustments only to the extent contemplated by the definition of "consolidated EBITDA" in our credit agreement. However, whereas "attributable EBITDA" includes our share of the EBITDA of our joint ventures, "adjusted EBITDA" included our share of the income of our joint ventures. For the reasons explained below, the Company believes that attributable EBITDA is now a more relevant financial measure for the Company than adjusted EBITDA.

    In order to provide continuity between the presentation of attributable EBITDA as used herein and the presentation of adjusted EBITDA in our earnings releases in prior periods, the Company has included below a reconciliation of adjusted EBITDA as part of the reconciliation of attributable EBITDA to net income (loss).

    "Consolidated EBITDA" means, for any period, "consolidated net income" as defined in the credit agreement (i.e., generally our consolidated net income (or loss) excluding the income (or deficit) of our joint ventures except to the extent that such income has been distributed to us) for such period plus, to the extent reflected as a charge in the statement of such consolidated net income for such period, the sum of (1) income tax expense, (2) depreciation and amortization expense, (3) interest expense, (4) amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with debt (see line item captioned "Debt-Related Fees and Charges" in the schedules below), (5) amortization of intangibles (including goodwill) and organization costs (see line item captioned "Amortization of Intangibles" in the schedules below), (6) earn-out payments with respect to certain acquisitions that we have made, such as our acquisition of Global Draw, or any other permitted acquisitions (generally, acquisitions of companies that are primarily engaged in the same or related line of business and that become subsidiaries of ours, or acquisitions of all or substantially all of the assets of another company or division or business unit of another company), including any loss or expense with respect to such earn-out payments (see line item captioned "Earn-Outs for Permitted Acquisitions" in the schedules below), (7) extraordinary charges or losses determined in accordance with GAAP, (8) non-cash stock-based compensation expenses, (9) up to $3,000,000 of expenses, charges or losses resulting from certain Peru investments (see line item captioned "Peru Investment Expenses, Charges or Losses" in the schedules below), (10) the non-cash portion of any non-recurring write-offs or write-downs as required in accordance with GAAP (see line item captioned "Non-Recurring Write-Offs under GAAP" in the schedules below), (11) advisory fees and related expenses paid to advisory firms in connection with permitted acquisitions (see line item captioned "Acquisition Advisory Fees" in the schedules below), (12) certain specified "permitted add-backs" (i.e., (A) up to $15,000,000 (less the amount of certain permitted pro forma adjustments to consolidated EBITDA in connection with material acquisitions) of charges incurred during any 12-month period in connection with (i) reductions in workforce, (ii) contract losses, discontinued operations, shutdown expenses and cost reduction initiatives, (iii) transaction expenses incurred in connection with potential acquisitions and divestitures, whether or not consummated, and (iv) restructuring charges and transaction expenses incurred in connection with certain transactions with Playtech Limited or its affiliates, and (B) reasonable and customary costs incurred in connection with amendments to the credit agreement) (see line item captioned "Specified Permitted Add-Backs" in the schedules below) (provided that the foregoing amounts do not include write-offs or write-downs of accounts receivable or inventory and, except with respect to permitted add-backs, any write-off or write-down to the extent it is in respect of cash payments to be made in a future period), (13) to the extent treated as an expense in the period paid or incurred, certain payments, costs and obligations made or incurred by us in connection with any award of a concession to operate the instant ticket lottery in Italy, including any up-front fee required under the applicable tender process (see line item captioned "Italian Concession Obligations" in the schedules below), (14) restructuring charges, transaction expenses and shutdown expenses incurred in connection with the disposition of all or part of our racing and venue management businesses, together with any charges incurred in connection with discontinued operations and cost-reduction initiatives associated with such disposition, in an aggregate amount (for all periods combined) not to exceed $7,325,000 (see line item captioned "Racing Disposition Charges and Expenses" in the schedules below) and (15) up to 5,250,000 British Pound Sterling during any four-quarter period of expenses or charges incurred in connection with the payment of license royalties or other fees to Playtech Limited or its affiliates and for software services provided to Global Draw or Games Media by Playtech Limited or its affiliates (see line item captioned "Playtech Royalties and Fees" in the schedules below), minus, to the extent included in the statement of such consolidated net income for such period, the sum of (1) interest income, (2) extraordinary income or gains determined in accordance with GAAP and (3) income or gains with respect to earn-out payments with respect to acquisitions referred to above (see line item captioned "Income on Earn-Outs for Permitted Acquisitions" in the schedules below). Consolidated EBITDA is also subject to certain adjustments in connection with material acquisitions and dispositions as provided in the credit agreement. The foregoing definitions of "consolidated net income" and "consolidated EBITDA" are qualified in their entirety by the full text of such definitions in our credit agreement, a copy of which is attached as Exhibit 10.1 to our Current Report on Form 8-K filed with the Securities and Exchange Commission on February 19, 2010.

    Free cash flow, as included herein, represents net cash provided by operating activities less total capital expenditures (which includes wagering systems expenditures and other intangible assets and software expenditures). Free cash flow is a non-GAAP financial measure that is presented herein as a supplemental disclosure and is reconciled to net cash provided by operating activities in a schedule below.

    Joint venture EBITDA, as included herein, represents our share of our joint ventures' EBITDA, which is defined as equity in earnings of our joint ventures (whether or not any such earnings have been distributed to us) plus income tax expense, depreciation and amortization expense and interest (income) expense, net of other. Joint venture EBITDA is a non-GAAP financial measure that is presented herein as a supplemental disclosure and is reconciled to equity in earnings of joint ventures in a schedule below.

    The Company's management uses the foregoing non-GAAP financial measures in conjunction with GAAP financial measures to: monitor and evaluate the performance of the Company's business operations, as well as the performance of its joint ventures, which have become a more significant part of the Company's business; facilitate management's internal comparisons of the Company's historical operating performance of its business operations; facilitate management's external comparisons of the results of its overall business to the historical operating performance of other companies that may have different capital structures and debt levels; review and assess the operating performance of the Company's management team; analyze and evaluate financial and strategic planning decisions regarding future operating investments; and plan for and prepare future annual operating budgets and determine appropriate levels of operating investments. Accordingly, the Company's management believes that these non-GAAP financial measures are useful to investors to provide them with disclosures of the Company's operating results on the same basis as that used by the Company's management.

    In addition, the Company's management believes that attributable EBITDA is helpful in assessing the overall operating performance of the Company and its joint ventures and highlighting trends in the Company's and its joint ventures' core businesses that may not otherwise be apparent when relying solely on GAAP financial measures, because this non-GAAP financial measure eliminates from the Company's and its joint ventures' earnings financial items that management believes have less bearing on the Company's and its joint ventures' performance, such as income tax expense, depreciation and amortization expense and interest (income) expense. Management further believes that attributable EBITDA and free cash flow provide useful information regarding the Company's liquidity and its ability to service debt and fund investments. Management believes that joint venture EBITDA is helpful in monitoring the financial performance of the Company's joint ventures and eliminates from the joint ventures' earnings financial items that management believes have less bearing on the joint ventures' performance.

    The Company's management also believes attributable EBITDA is useful to investors because the definition is derived from the definition of "consolidated EBITDA" in our credit agreement, which is used to calculate the Company's compliance with the financial covenants contained in the credit agreement. Moreover, the operating income performance metric and the free cash flow performance metric (calculated by subtracting total capital expenditures (which includes wagering systems expenditures and other intangible assets and software expenditures) from adjusted EBITDA) used in determining performance-based bonuses for 2010 are subject to the same adjustments used to determine attributable EBITDA (and certain additional adjustments in the discretion of the Compensation Committee (e.g., to take into account acquisitions, divestitures, sign-on or guaranteed bonuses approved by the Compensation Committee and accounting changes during the year)).

    The Company believes that attributable EBITDA is now a more relevant financial measure for the Company than adjusted EBITDA because a significant and increasing amount of the Company's business is from its joint ventures, and beginning in the fourth quarter of 2010, the Company's proportionate share of net earnings of LNS, its largest joint venture, is now reported on an after-tax basis and after amortization of the upfront fee for the new concession for the Italian instant ticket lottery. Unlike adjusted EBITDA, which was based on the EBITDA of the Company and its subsidiaries plus their share of the income of our joint ventures, attributable EBITDA is an entirely EBITDA-based financial metric (i.e., based on EBITDA of the Company and its subsidiaries plus their share of the EBITDA of our joint ventures).

    Accordingly, the Company's management believes that the presentation of the non-GAAP financial measures, when used in conjunction with GAAP financial measures, provides both management and investors with financial information that can be useful in assessing the Company's financial condition and operating performance.

    The non-GAAP financial measures used herein should not be considered in isolation of, as a substitute for, or superior to, the financial information prepared in accordance with GAAP. The non-GAAP financial measures as defined in this press release may differ from similarly titled measures presented by other companies. The non-GAAP financial measures, as well as other information in this press release, should be read in conjunction with the Company's financial statements filed with the Securities and Exchange Commission.

    SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, in thousands, except per share amounts)

    Three Months Ended December 31, ------------------ 2010 2009 ---- ---- Revenues: Instant tickets $121,584 $112,621 Services 75,611 100,016 Sales 14,871 20,248 Total revenues 212,066 232,885 ------- ------- Operating expenses: Cost of instant tickets (1) 71,505 68,229 Cost of services (1) 38,698 59,022 Cost of sales (1) 10,202 13,641 Selling, general and administrative expenses 42,957 48,769 Write-down of assets held for sale - 54,356 Employee termination costs - - Depreciation and amortization 59,749 58,331 Operating income (loss) (11,045) (69,463) ------- ------- Other (income) expense: Interest expense 27,437 24,558 Equity in earnings of joint ventures (6,616) (14,462) Loss (gain) on early extinguishment of debt 696 (234) Other (income) expense, net (961) 3,868 20,556 13,730 ------ ------ Income (loss) before income tax expense (31,601) (83,193) Income tax expense (benefit) 126,848 (33,052) ------- ------- Net income (loss) $(158,449) $(50,141) ========= ======== Net income (loss) per share: Basic net income (loss) $(1.74) $(0.54) ====== ====== Diluted net income (loss) $(1.74) $(0.54) ====== ====== Weighted average number of shares: Basic shares 91,277 93,070 ====== ====== Diluted shares 91,277 93,070 ====== ======

    Twelve Months Ended December 31, ------------------- 2010 2009 ---- ---- Revenues: Instant tickets $465,090 $453,238 Services 363,138 410,014 Sales 54,271 64,497 Total revenues 882,499 927,749 ------- ------- Operating expenses: Cost of instant tickets (1) 270,787 270,836 Cost of services (1) 206,034 234,093 Cost of sales (1) 38,045 44,539 Selling, general and administrative expenses 158,500 168,248 Write-down of assets held for sale 8,029 54,356 Employee termination costs 602 3,920 Depreciation and amortization 141,766 151,784 Operating income (loss) 58,736 (27) ------ --- Other (income) expense: Interest expense 101,613 87,498 Equity in earnings of joint ventures (49,090) (59,220) Loss (gain) on early extinguishment of debt 2,932 (4,829) Other (income) expense, net 8,594 2,856 64,049 26,305 ------ ------ Income (loss) before income tax expense (5,313) (26,332) Income tax expense (benefit) 143,888 13,547 ------- ------ Net income (loss) $(149,201) $(39,879) ========= ======== Net income (loss) per share: Basic net income (loss) $(1.61) $(0.43) ====== ====== Diluted net income (loss) $(1.61) $(0.43) ====== ====== Weighted average number of shares: Basic shares 92,666 92,701 ====== ====== Diluted shares 92,666 92,701 ====== ======

    (1) Exclusive of depreciation and amortization.

    SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES SELECTED CONSOLIDATED BALANCE SHEET DATA December 31, 2010 and December 31, 2009 (Unaudited, in thousands)

    December December 31, 31, 2010 2009 ---- ---- Assets: Cash and cash equivalents $124,281 $260,131 Other current assets 289,384 321,495 Assets held for sale - 91,102 Property and equipment, net 450,581 468,439 Long-term assets 1,287,292 1,150,625 Total assets $2,151,538 $2,291,792 ========== ========== Liabilities and Stockholders' Equity: Current portion of long-term debt $8,431 $24,808 Other current liabilities 187,567 180,298 Liabilities held for sale - 20,097 Long-term debt, excluding current portion 1,388,259 1,342,255 Other long-term liabilities 114,623 104,576 Stockholders' equity 452,658 619,758 Total liabilities and stockholders' equity $2,151,538 $2,291,792 ========== ==========

    SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES CONSOLIDATED SEGMENT OPERATING DATA Three Months Ended December 31, 2010 and 2009 (Unaudited, in thousands)

    Three Months Ended December 31, 2010 ------------------------------------ Printed Lottery Diversified Products Systems Gaming Group Group Group ----- ----- ----- Instant tickets $121,584 $- $- Service revenue - 51,105 24,506 Sales revenue 2,597 12,079 195 Total revenue 124,181 63,184 24,701 ------- ------ ------ Cost of instant tickets (1) 71,505 - - Cost of services (1) - 25,514 13,184 Cost of sales (1) 2,050 8,008 144 Selling, general and administrative expenses 15,700 6,689 2,422 Stock-based compensation 1,104 750 425 Write-down of assets held for sale - - - Employee termination costs - - - Depreciation and amortization 8,153 32,357 19,111 Operating income (loss) $25,669 $(10,134) $(10,585) ------- -------- --------

    Three Months Ended December 31, 2010 ------------------------------------ Unallocated Corporate Expense Totals ------- ------ Instant tickets $- $121,584 Service revenue - 75,611 Sales revenue - 14,871 Total revenue - 212,066 --- ------- Cost of instant tickets (1) - 71,505 Cost of services (1) - 38,698 Cost of sales (1) - 10,202 Selling, general and administrative expenses 12,722 37,533 Stock-based compensation 3,145 5,424 Write-down of assets held for sale - - Employee termination costs - - Depreciation and amortization 128 59,749 Operating income (loss) $(15,995) $(11,045) -------- --------

    Three Months Ended December 31, 2009 ------------------------------------ Printed Lottery Diversified Products Systems Gaming Group Group Group ----- ----- ----- Instant tickets $112,621 $- $- Service revenue - 51,602 48,414 Sales revenue 3,598 15,284 1,366 Total revenue 116,219 66,886 49,780 ------- ------ ------ Cost of instant tickets (1) 68,229 - - Cost of services (1) - 27,149 31,873 Cost of sales (1) 2,195 10,592 854 Selling, general and administrative expenses 10,060 6,603 7,073 Stock-based compensation 778 580 567 Write-down of assets held for sale - - 54,356 Employee termination costs - - - Depreciation and amortization 8,886 36,021 13,265 Operating income (loss) $26,071 $(14,059) $(58,208) ------- -------- --------

    Three Months Ended December 31, 2009 ------------------------------------ Unallocated Corporate Expense Totals ------- ------ Instant tickets $- $112,621 Service revenue - 100,016 Sales revenue - 20,248 Total revenue - 232,885 --- ------- Cost of instant tickets (1) - 68,229 Cost of services (1) - 59,022 Cost of sales (1) - 13,641 Selling, general and administrative expenses 16,347 40,083 Stock-based compensation 6,761 8,686 Write-down of assets held for sale - 54,356 Employee termination costs - - Depreciation and amortization 159 58,331 Operating income (loss) $(23,267) $(69,463) -------- --------

    (1) Exclusive of depreciation and amortization.

    SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES CONSOLIDATED SEGMENT OPERATING DATA Twelve Months Ended December 31, 2010 and 2009 (Unaudited, in thousands)

    Twelve Months Ended December 31, 2010 ------------------------------------- Printed Lottery Diversified Products Systems Gaming Group Group Group ----- ----- ----- Instant tickets $465,090 $- $- Service revenue - 199,439 163,699 Sales revenue 9,222 36,597 8,452 Total revenue 474,312 236,036 172,151 ------- ------- ------- Cost of instant tickets (1) 270,787 - - Cost of services (1) - 104,274 101,760 Cost of sales (1) 6,981 25,716 5,348 Selling, general and administrative expenses 51,512 28,616 18,406 Stock-based compensation 4,006 2,796 2,112 Write-down of assets held for sale - - 8,029 Employee termination costs - - 602 Depreciation and amortization 33,303 64,979 42,983 Operating income (loss) $107,723 $9,655 $(7,089) -------- ------ -------

    Twelve Months Ended December 31, 2010 ------------------------------------- Unallocated Corporate Expense Totals ------- ------ Instant tickets $- $465,090 Service revenue - 363,138 Sales revenue - 54,271 Total revenue - 882,499 --- ------- Cost of instant tickets (1) - 270,787 Cost of services (1) - 206,034 Cost of sales (1) - 38,045 Selling, general and administrative expenses 37,159 135,693 Stock-based compensation 13,893 22,807 Write-down of assets held for sale - 8,029 Employee termination costs - 602 Depreciation and amortization 501 141,766 Operating income (loss) $(51,553) $58,736 -------- -------

    Twelve Months Ended December 31, 2009 ------------------------------------- Printed Lottery Diversified Products Systems Gaming Group Group Group ----- ----- ----- Instant tickets $453,238 $- $- Service revenue - 211,015 198,999 Sales revenue 13,374 46,372 4,751 Total revenue 466,612 257,387 203,750 ------- ------- ------- Cost of instant tickets (1) 270,836 - - Cost of services (1) - 110,660 123,433 Cost of sales (1) 8,923 32,619 2,997 Selling, general and administrative expenses 41,691 27,756 22,516 Stock-based compensation 3,288 2,469 2,407 Write-down of assets held for sale - - 54,356 Employee termination costs 2,016 125 433 Depreciation and amortization 32,982 68,902 49,224 Operating income (loss) $106,876 $14,856 $(51,616) -------- ------- --------

    Twelve Months Ended December 31, 2009 ------------------------------------- Unallocated Corporate Expense Totals ------- ------ Instant tickets $- $453,238 Service revenue - 410,014 Sales revenue - 64,497 Total revenue - 927,749 --- ------- Cost of instant tickets (1) - 270,836 Cost of services (1) - 234,093 Cost of sales (1) - 44,539 Selling, general and administrative expenses 41,696 133,659 Stock-based compensation 26,425 34,589 Write-down of assets held for sale - 54,356 Employee termination costs 1,346 3,920 Depreciation and amortization 676 151,784 Operating income (loss) $(70,143) $(27) -------- ----

    (1) Exclusive of depreciation and amortization.

    SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA AND ATTRIBUTABLE EBITDA RECONCILIATION OF EQUITY IN EARNINGS OF JOINT VENTURES TO JOINT VENTURE EBITDA (Unaudited, in thousands)

    Three Months Ended December 31, ------------------ 2010 2009 ---- ---- Net income (loss) $(158,449) $(50,141) Add: Income tax expense (benefit) 126,848 (33,052) Add: Depreciation and amortization expense 59,749 58,331 Add: Interest expense 27,437 24,558 Add: Other expense (income), net (961) 3,868 Add: Loss (gain) on early extinguishment of debt 696 (234) EBITDA $55,320 $3,330 ------- ------ Credit Agreement adjustments: ----------------------------- Add: Debt Related Fees and Charges (1) $696 $122 Add: Amortization of Intangibles - - Add: Earn-outs for Permitted Acquisitions (2) 2,331 - Add: Extraordinary Charges or Losses under GAAP - - Add: Non-Cash Stock-Based Compensation Expenses 5,424 8,686 Add: Peru Investment Expenses, Charges or Losses - - Add: Non-Recurring Write-Offs under GAAP - 50,361 Add: Acquisition Advisory Fees - - Add: Specified Permitted Add- Backs (3) 167 8,705 Add: Italian Concession Obligations 202 1,976 Add: Racing Disposition Charges and Expenses 361 3,995 Add: Playtech Royalties and Fees 300 - Less: Interest Income (88) (413) Less: Extraordinary Income or Gains under GAAP - - Less: Income on Earn-Outs for Permitted Acquisitions - - Adjustments to conform to Credit Agreement definition: -------------------------------- Add/Less: Other expense (income), net (4) 961 562 Add: Loss (gain) on early extinguishment of debt (696) 234 Adjusted EBITDA $64,978 $77,558 ------- ------- Less: Equity in earnings of joint ventures (6,616) (14,462) Add: Joint venture EBITDA 19,342 16,033 Attributable EBITDA $77,704 $79,129 ======= ======= Joint venture EBITDA (5): ------------------------- Equity in earnings of joint ventures $6,616 $14,462 Add: Income tax expense 2,548 307 Add: Depreciation and amortization expense 8,747 1,806 Add: Interest expense, net of other 1,431 (542) Joint venture EBITDA $19,342 $16,033 ======= =======

    Twelve Months Ended December 31, ------------------- 2010 2009 ---- ---- Net income (loss) $(149,201) $(39,879) Add: Income tax expense (benefit) 143,888 13,547 Add: Depreciation and amortization expense 141,766 151,784 Add: Interest expense 101,613 87,498 Add: Other expense (income), net 8,594 2,856 Add: Loss (gain) on early extinguishment of debt 2,932 (4,829) EBITDA $249,592 $210,977 -------- -------- Credit Agreement adjustments: ----------------------------- Add: Debt Related Fees and Charges (1) $2,932 $1,138 Add: Amortization of Intangibles - - Add: Earn-outs for Permitted Acquisitions (2) 2,331 219 Add: Extraordinary Charges or Losses under GAAP - - Add: Non-Cash Stock-Based Compensation Expenses 22,807 34,589 Add: Peru Investment Expenses, Charges or Losses - - Add: Non-Recurring Write-Offs under GAAP 5,165 50,361 Add: Acquisition Advisory Fees 234 - Add: Specified Permitted Add- Backs (3) 769 12,821 Add: Italian Concession Obligations 17,806 2,633 Add: Racing Disposition Charges and Expenses 3,225 3,995 Add: Playtech Royalties and Fees 300 - Less: Interest Income (509) (1,256) Less: Extraordinary Income or Gains under GAAP - - Less: Income on Earn-Outs for Permitted Acquisitions - - Adjustments to conform to Credit Agreement definition: -------------------------------- Add/Less: Other expense (income), net (4) (8,594) 1,575 Add: Loss (gain) on early extinguishment of debt (2,932) 4,829 Adjusted EBITDA $293,126 $321,881 -------- -------- Less: Equity in earnings of joint ventures (49,090) (59,220) Add: Joint venture EBITDA 70,905 68,789 Attributable EBITDA $314,941 $331,450 ======== ======== Joint venture EBITDA (5): ------------------------- Equity in earnings of joint ventures $49,090 $59,220 Add: Income tax expense 4,147 1,687 Add: Depreciation and amortization expense 13,799 6,104 Add: Interest expense, net of other 3,869 1,778 Joint venture EBITDA $70,905 $68,789 ======= =======

    (1) Amounts reflect write-off of unamortized deferred financing costs in connection with early extinguishment of debt. (2) Amounts reflect an earn-out in 2010 related to a 2004 acquisition and Global Draw employee contingent bonus payments in 2009. (3) Amounts include management transition expenses, transaction expenses, contract impairments and restructuring expenses. (4) Amounts include foreign exchange transactions, interest income, minority interest and other items. (5) Joint venture EBITDA includes results from the Company's participation in Consorzio Lotterie Nazionali (through September 30, 2010), Lotterie Nazionali S.r.l. (beginning October 1, 2010), Roberts Communications Network, LLC, CSG Lottery Technology (Beijing) Co., Ltd., Shandong Inspur Scientific Games Technology, Ltd., Sportech Plc, Sciplay and Guard Libang.

    SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES CALCULATION OF FREE CASH FLOW (Unaudited, in thousands)

    Three Months Ended Twelve Months Ended December 31, December 31, ------------------ ------------------- 2010 2009 2010 2009 ---- ---- ---- ---- Net cash provided by operating activities $27,331 $44,082 $170,573 $220,077 Less: Capital expenditures (2,479) (3,795) (9,352) (12,932) Less: Wagering systems expenditures (17,669) (19,741) (62,926) (64,610) Less: Other intangible assets and software expenditures (10,037) (7,999) (36,372) (34,039) Total Capital Expenditures $(30,185) $(31,535) $(108,650) $(111,581) -------- -------- --------- --------- Free cash flow $(2,854) $12,547 $61,923 $108,496 ------- ------- ------- --------

    For the fourth quarter and years ended December 31, 2010 and 2009, net cash provided by operating activities includes an outflow of $3 million and $10 million, respectively, relating to a retirement plan. This outflow is offset by an inflow connected with the retirement plan but reflected as an investing activity. Other than capital expenditures, investing activities are not a component of free cash flow. As a result, only the outflow is being shown in the free cash flow calculation.

    SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES KEY PERFORMANCE INDICATORS (Unaudited, in thousands, except terminals and ASP)

    Three Months Ended Twelve Months Ended December 31, December 31, ------------------ ------------------- 2010 2009 2010 2009 ---- ---- ---- ---- Italy -Gratta e Vinci: Revenues (Euros) 2,375,000 2,347,000 9,368,000 9,435,000 China -China Sports Lottery: Revenues (RMB) 4,546,000 3,702,000 16,438,000 15,180,000 Tickets Sold 699,869 538,658 2,359,240 2,163,428 ASP (RMB) 6.49 6.87 6.97 7.02 As of December 31, ------------------ Terminal installed base at end of period: 2010 2009 ---- ---- Global Draw 18,718 17,284 Games Media 3,298 2,351

    SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES ("SGC") RECONCILIATION OF COMPANY OPERATING RESULTS TO RESULTS EXCLUDING THE RACING BUSINESS (Unaudited, in thousands)

    Three Months Ended December 31, 2010 --------------------------- Less: SGC SGC Racing Excluding Total Business Racing ----- -------- ------ Instant tickets $121,584 $- $121,584 Service revenue 75,611 1,075 74,536 Sales revenue 14,871 92 14,779 Total revenue 212,066 1,167 210,899 ------- ----- ------- Cost of instant tickets (1) 71,505 - 71,505 Cost of services (1) 38,698 917 37,781 Cost of sales (1) 10,202 98 10,104 Selling, general and administrative expenses 37,533 357 37,176 Stock-based compensation 5,424 13 5,411 Write-down of assets held for sale - - - Employee termination costs - - - Depreciation and amortization 59,749 11 59,738 Operating income (loss) $(11,045) $(229) $(10,816) -------- ----- --------

    Twelve Months Ended December 31, 2010 ---------------------------- Less: SGC SGC Racing Excluding Total Business Racing ----- -------- ------ Instant tickets $465,090 $- $465,090 Service revenue 363,138 76,032 287,106 Sales revenue 54,271 7,811 46,460 Total revenue 882,499 83,843 798,656 ------- ------ ------- Cost of instant tickets (1) 270,787 - 270,787 Cost of services (1) 206,034 58,091 147,943 Cost of sales (1) 38,045 4,833 33,212 Selling, general and administrative expenses 135,693 9,270 126,423 Stock-based compensation 22,807 623 22,184 Write-down of assets held for sale 8,029 8,029 - Employee termination costs 602 - 602 Depreciation and amortization 141,766 52 141,714 Operating income (loss) $58,736 $2,945 $55,791 ------- ------ -------

    Three Months Ended December 31, 2009 --------------------------- Less: SGC SGC Racing Excluding Total Business Racing ----- -------- ------ Instant tickets $112,621 $- $112,621 Service revenue 100,016 24,419 75,597 Sales revenue 20,248 1,009 19,239 Total revenue 232,885 25,428 207,457 ------- ------ ------- Cost of instant tickets (1) 68,229 - 68,229 Cost of services (1) 59,022 19,483 39,539 Cost of sales (1) 13,641 545 13,096 Selling, general and administrative expenses 40,083 3,628 36,455 Stock-based compensation 8,686 229 8,457 Write-down of assets held for sale 54,356 54,356 - Employee termination costs - - - Depreciation and amortization 58,331 4,779 53,552 Operating income (loss) $(69,463) $(57,592) $(11,871) -------- -------- --------

    Twelve Months Ended December 31, 2009 ---------------------------- Less: SGC SGC Racing Excluding Total Business Racing ----- -------- ------ Instant tickets $453,238 $- $453,238 Service revenue 410,014 105,207 304,807 Sales revenue 64,497 3,573 60,924 Total revenue 927,749 108,780 818,969 ------- ------- ------- Cost of instant tickets (1) 270,836 - 270,836 Cost of services (1) 234,093 79,751 154,342 Cost of sales (1) 44,539 1,959 42,580 Selling, general and administrative expenses 133,659 13,004 120,655 Stock-based compensation 34,589 945 33,644 Write-down of assets held for sale 54,356 54,356 - Employee termination costs 3,920 433 3,487 Depreciation and amortization 151,784 19,281 132,503 Operating income (loss) $(27) $(60,949) $60,922 ---- -------- -------

    (1) Exclusive of depreciation and amortization.

    SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES RECONCILIATION OF DIVERSIFIED GAMING GROUP ("DGG") OPERATING RESULTS TO RESULTS EXCLUDING THE RACING BUSINESS (Unaudited, in thousands)

    Three Months Ended December 31, 2010 -------------------------------- Less: DGG DGG Racing Excluding Total Business Racing ----- -------- ------ Instant tickets $- $- $- Service revenue 24,506 1,075 23,431 Sales revenue 195 92 103 Total revenue 24,701 1,167 23,534 ------ ----- ------ Cost of instant tickets (1) - - - Cost of services (1) 13,184 917 12,267 Cost of sales (1) 144 98 46 Selling, general and administrative expenses 2,422 357 2,065 Stock-based compensation 425 13 412 Write-down of assets held for sale - - - Employee termination costs - - - Depreciation and amortization 19,111 11 19,100 Operating income (loss) $(10,585) $(229) $(10,356) -------- ----- --------

    Twelve Months Ended December 31, 2010 --------------------------------- Less: DGG DGG Racing Excluding Total Business Racing ----- -------- ------ Instant tickets $- $- $- Service revenue 163,699 76,032 87,667 Sales revenue 8,452 7,811 641 Total revenue 172,151 83,843 88,308 ------- ------ ------ Cost of instant tickets (1) - - - Cost of services (1) 101,760 58,091 43,669 Cost of sales (1) 5,348 4,833 515 Selling, general and administrative expenses 18,406 9,270 9,136 Stock-based compensation 2,112 623 1,489 Write-down of assets held for sale 8,029 8,029 - Employee termination costs 602 - 602 Depreciation and amortization 42,983 52 42,931 Operating income (loss) $(7,089) $2,945 $(10,034) ------- ------ --------

    Three Months Ended December 31, 2009 -------------------------------- Less: DGG DGG Racing Excluding Total Business Racing ----- -------- ------ Instant tickets $- $- $- Service revenue 48,414 24,419 23,995 Sales revenue 1,366 1,009 357 Total revenue 49,780 25,428 24,352 ------ ------ ------ Cost of instant tickets (1) - - - Cost of services (1) 31,873 19,483 12,390 Cost of sales (1) 854 545 309 Selling, general and administrative expenses 7,073 3,628 3,445 Stock-based compensation 567 229 338 Write-down of assets held for sale 54,356 54,356 - Employee termination costs - - - Depreciation and amortization 13,265 4,779 8,486 Operating income (loss) $(58,208) $(57,592) $(616) -------- -------- -----

    Twelve Months Ended December 31, 2009 --------------------------------- Less: DGG DGG Racing Excluding Total Business Racing ----- -------- ------ Instant tickets $- $- $- Service revenue 198,999 105,207 93,792 Sales revenue 4,751 3,573 1,178 Total revenue 203,750 108,780 94,970 ------- ------- ------ Cost of instant tickets (1) - - - Cost of services (1) 123,433 79,751 43,682 Cost of sales (1) 2,997 1,959 1,038 Selling, general and administrative expenses 22,516 13,004 9,512 Stock-based compensation 2,407 945 1,462 Write-down of assets held for sale 54,356 54,356 - Employee termination costs 433 433 - Depreciation and amortization 49,224 19,281 29,943 Operating income (loss) $(51,616) $(60,949) $9,333 -------- -------- ------

    (1) Exclusive of depreciation and amortization.

    Scientific Games Corporation

    CONTACT: Cindi Buckwalter, Investor Relations, Scientific Games
    Corporation, +1-212-754-2233

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




    comScore to Speak at Upcoming Investor Conferences in March

    RESTON, Va., March 1, 2011 /PRNewswire/ -- comScore, Inc. , a leader in measuring the digital world, today announced its participation at three investor conferences in March. Each presentation will be webcast live and available at http://ir.comscore.com/events.cfm.

    (Logo: http://photos.prnewswire.com/prnh/20080115/COMSCORELOGO)

    Dr. Magid Abraham, President, CEO & Co-Founder, will present at:

    --  The Morgan Stanley Technology, Media & Telecom Conference in San
    Francisco, CA.  The presentation is scheduled to begin at 9:10 a.m. PT
    (12:10 p.m. ET) on Thursday, March 3, 2011.
    --  The Deutsche Bank 2011 Media & Telecommunications Conference in Palm
    Beach, FL.  The presentation is scheduled to begin at 10:30 a.m. ET on
    Monday, March 7, 2011.
    --  The Credit Suisse Global Media & Communications Convergence Conference
    in Miami, FL.  The presentation is scheduled to begin at 8:45 a.m. ET on
    Tuesday, March 8, 2011.
    

    About comScore

    comScore, Inc. is a global leader in measuring the digital world and preferred source of digital business analytics. For more information, please visit www.comscore.com/companyinfo.

    Photo: http://photos.prnewswire.com/prnh/20080115/COMSCORELOGO
    PRN Photo Desk, photodesk@prnewswire.com comScore, Inc.

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

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




    Blackboard Announces $100 Million Share Repurchase Program

    WASHINGTON, March 1, 2011 /PRNewswire/ -- Blackboard Inc. today announced that its Board of Directors has approved a share repurchase program that authorizes the Company to repurchase up to an aggregate of $100 million of its Common Stock.

    "This authorization enables us to act opportunistically in circumstances where repurchasing Blackboard shares constitutes a compelling use of capital," stated John Kinzer, Blackboard's Chief Financial Officer. "The new share repurchase program represents a prudent investment of available funds and underscores our commitment to increasing shareholder value."

    Share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act of 1934. While the board of directors has approved the share purchasing guidelines, the timing of repurchases and the exact number of shares of common stock to be purchased will be determined by the Company's management, at its discretion, and will depend upon market conditions and other factors.

    "We are confident in the long-term strength of our business and corporate strategy and the repurchase program affirms our view," stated Michael Chasen, Blackboard's Chief Executive Officer.

    About Blackboard Inc.

    Blackboard Inc. is a global leader in enterprise technology and innovative solutions that improve the experience of millions of students and learners around the world every day. Blackboard's solutions allow thousands of higher education, K-12, professional, corporate, and government organizations to extend teaching and learning online, facilitate campus commerce and security, and communicate more effectively with their communities. Founded in 1997, Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Asia and Australia.

    Any statements in this press release about future expectations, plans and prospects for Blackboard and other statements containing the words "believes," "anticipates," "plans," "expects," "will," 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, including the factors discussed in the "Risk Factors" section of our Form 10-K filed on February 18, 2011 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of March 1, 2011. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to March 1, 2011.

    Blackboard Inc.

    CONTACT: Michael J. Stanton, Senior Vice President, Investor Relations,
    Blackboard Inc., +1-202-463-4860 ext. 2305

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




    Pearson VUE President Bob Whelan Receives Prestigious Testing Industry Award

    BLOOMINGTON, Minn., March 1, 2011 /PRNewswire/ -- The Association of Test Publishers (ATP) today awarded Pearson VUE President and CEO, Bob Whelan, the 2011 ATP Award for Professional Contributions and Service to Testing. The award, which honors individuals who have made a positive impact on the testing industry, was presented at the association's Innovations in Testing Conference in Phoenix, Ariz.

    Whelan is receiving the award for his many years of service in the testing industry at National Computer Systems, Personnel Decisions International and Pearson VUE. Throughout his 25-year career, he has worked to build and improve standards in assessment and professional licensure and certification across a multiple of disciplines. A recognized Whelan achievement is the creation and expansion of the Pearson Professional Center (PPC) global network. The nomination for the ATP award centered on a testimonial from a recent test candidate who had a positive experience while taking a high-stakes exam at a PPC.

    Upon receiving the award, Whelan shared credit with his team of more than 2,800 Pearson VUE testing professionals. "This achievement isn't only mine," he said. "This award recognizes our accomplishments over the past 10 years, and we can all be very proud of the contributions Pearson VUE has made to the industry."

    Whelan assumed the helm as Pearson VUE's president in 2000. Through successful communication of a clear vision and a team-based collaborative approach, he has seen the company grow to become the global leader in computer-based assessments. Today, Pearson VUE delivers millions of exams in more than 400 owned-and-operated Pearson Professional Centers and a network of more than 5,000 Pearson VUE test centers around the world.

    About Pearson VUE

    Pearson VUE (www.pearsonvue.com) is the global leader in computer-based testing for information technology, academic, government and professional testing programs around the world. Pearson VUE provides a full suite of services from test development to data management, and delivers exams through the world's most comprehensive and secure network of test centers in 165 countries. Pearson VUE is a business of Pearson , the international education and information company, whose businesses include the Financial Times Group, Pearson Education and the Penguin Group.

    About ATP

    Established in 1992, The Association of Test Publishers is an international, non-profit organization representing providers of tests and assessment tools and/or services for use in educational, occupational, psychological, screening, certification, or licensure settings. ATP is dedicated to the highest level of professionalism within the test publishing community. ATP welcomes any test publisher involved in the development and marketing of preemployment assessments to apply for membership by visiting the ATP website at www.testpublishers.org.

    Pearson VUE

    CONTACT: Adam Gaber, +1-212-641-6118, for Pearson VUE

    Web site: http://www.pearsonvue.com/
    http://www.testpublishers.org/




    McGraw-Hill Education Acquires Bookette, A Smart-Scoring Software Company

    NEW YORK, March 1, 2011 /PRNewswire/ -- McGraw-Hill Education has acquired Bookette, a privately held software company, adding key capabilities in online performance measurement. Terms were not disclosed.

    Bookette's smart-scoring engine evaluates high volumes of student writing responses, enabling assessments to incorporate writing while easing the burden of scoring and providing constructive feedback to students. The software company's other online offerings include sophisticated programs for test delivery and teacher training. Market demand for these technologies is expected to increase considerably as federal and state governments work to develop common assessment systems for the K-12 market. Bookette's advanced software also will be leveraged to support McGraw-Hill's digital products and services, which facilitate classroom instruction.

    "The Bookette acquisition strengthens McGraw-Hill's digital capabilities at a time when there is sharpened focus on technology and innovation in education and increased demand for online testing in the classroom," said CTB/McGraw-Hill president Ellen Haley.

    About CTB/McGraw-Hill

    CTB/McGraw-Hill has an 85-year record of innovation and excellence in assessment, and serves more than 18 million students in all 50 states and in 46 countries. One of the first American publishers to introduce objective, standardized achievement tests to schools, today CTB/McGraw-Hill is a leader in testing with recognized products for online formative, adult, and language proficiency assessment. Dedicated to advancing the use of student performance data to inform instructional decision making, CTB/McGraw-Hill's innovation continues today with technologies that include Web-based assessment and reporting, student response device (clicker) software, and artificial intelligence for automated scoring of student essays. CTB/McGraw-Hill is part of McGraw-Hill Education, a division of The McGraw-Hill Companies . McGraw-Hill Education is a leading global provider of instructional, assessment and reference solutions that empower professionals and students of all ages. For more information, visit CTB.com.

    About Bookette

    Bookette Software, located in Monterey, Calif., specializes in creating software for the development, administration, scoring and reporting of computer-based curriculum assessment. It was founded in 1990 by Dr. Ronald Loiacono using the knowledge and experience he had gained as one of the pioneers in using technology as a way to assist educators to assess and improve learning. For more information, visit http://bookette.com.

    Contact: Tom Stanton Director, Communications McGraw-Hill Education Phone: (212) 904-3214 tom_stanton@mcgraw-hill.com

    CTB/McGraw-Hill

    CONTACT: Tom Stanton, Director, Communications, McGraw-Hill Education,
    +1-212-904-3214, tom_stanton@mcgraw-hill.com

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




    Gehan Homes Selects tw telecom to Deliver Converged Services to Locations Throughout Texas- tw telecom's 'Converged Services' offer voice, secure Ethernet Internet access and IP VPN in a single, fully managed solution

    DALLAS, March 1, 2011 /PRNewswire/ -- tw telecom , a leading provider of managed voice, Internet and data networking solutions for businesses in Dallas and throughout the U.S., today announced that Texas homebuilder Gehan Homes has selected the company to deliver an advanced package of Converged Services that includes digital voice, secure Internet access and IP VPN services. The services, part of a multi-year, multi-location agreement, will support the company's locations throughout Texas, including Dallas, Fort Worth, Houston, Austin and San Antonio.

    (Logo: http://photos.prnewswire.com/prnh/20080626/LATH527LOGO)

    "We were impressed with tw telecom's Converged Services package that allowed us to maximize our network resources," said Peter Gehan, Chief Information Officer, Gehan Homes. "The level of customer service tw telecom demonstrated was exceptional, from their diligent behind-the-scenes work to truly understand our needs, to their willingness to build fiber to two of our locations. Overall, our experience with tw telecom has been tremendous."

    tw telecom's Converged Services delivers multiple communications services over a single fully managed connection. Everything a business needs is included, with no expensive hardware to buy, configure, maintain or manage. Dynamic bandwidth allocation enables customers to more efficiently use bandwidth, and voice and data can use the available bandwidth so there is never idle capacity. Additionally, Class of Service options allow customers to further manage bandwidth by prioritizing time-sensitive applications to ensure peak performance.

    "I'm thrilled that tw telecom's Converged Services was able to give Gehan Homes a network that essentially is custom-tailored to its needs," said Will Sears, vice president and general manager for tw telecom's Dallas market. "Gehan Homes now has a network with the ability to change its configurations based on local needs, control its bandwidth allocation and prioritization, and utilize built-in security. And, just as important, it can optimize that network over time as its needs evolve."

    tw telecom connects more commercial buildings to its fiber network than any other competitive communications provider. It has the third highest market share of retail Ethernet ports in service and with its own metro fiber networks and one of the ten most interconnected IP backbones in the world, tw telecom has the national capability, robust product portfolio and national/local customer care teams to support mission critical enterprise applications and to deliver the industry's most sought after customer experience.

    About tw telecom

    tw telecom holdings inc., a unit of tw telecom inc., headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP, VPN and security, to enterprise organizations and communications services companies throughout the U.S., and globally. As a leading provider of integrated and converged network solutions, tw telecom delivers customers overall economic value, quality, service, and improved business productivity. Please visit www.twtelecom.com for more information.

    About Gehan Homes

    Gehan Homes is a new-home builder of distinctive homes in Texas communities. We have been building and selling new, competitively priced, high-quality, single-family homes in the Austin, Dallas, Fort Worth, Houston and San Antonio areas in Texas for more than 35 years. All Gehan homes are in communities that are carefully selected, attractive, flourishing neighborhoods. For more information, visit www.gehanhomes.com.

    Photo: http://photos.prnewswire.com/prnh/20080626/LATH527LOGO
    PRN Photo Desk, photodesk@prnewswire.com tw telecom

    CONTACT: Bob Meldrum of tw telecom, +1-303-566-1354, mobile,
    +1-303-324-9588, bob.meldrum@twtelecom.com

    Web site: http://www.twtelecom.com/
    http://www.gehanhomes.com/




    Borders Announces March is 'Kids' Reading Month'Customers to Assist in Promoting Literacy through National Book DriveRead Across America, 'Diary of a Wimpy Kid' In-Store Events, More

    ANN ARBOR, Mich., March 1, 2011 /PRNewswire/ -- Borders today announced that its stores nationwide and Borders.com will be recognizing March as "Kids' Reading Month" with a number of events to celebrate and promote children's reading and engagement. Throughout the month, these events will give Borders' customers the opportunity to encourage child literacy through exciting and fun community activities that leverage Borders' significant nationwide presence and reinforce the company's decades-long commitment to literacy.

    Celebrations and events kick off nationwide today:

    Spring Charity Drive - March 1 through April 30

    Borders stores are once again partnering with hundreds of charities and nonprofits nationwide to deliver hundreds of thousands of new books and stuffed toys donated by generous customers to children who may not otherwise have access to new books. Throughout the drive, store associates will encourage customers to open their hearts and donate books including such titles as Dr. Seuss' "Cat in the Hat," "Pat the Bunny," by Dorothy Kunhardt, Rick Riordan's "The Lightning Thief" and Mary Pope Osborne's "Magic Tree House Activity Book."

    Through its 2010 charity drives, Borders delivered more than 1.5 million books and stuffed toys to charities such as Rainbow House in Chicago, Raising a Reader Massachusetts and Boys & Girls Clubs of Greater San Diego, which then distributed the books and toys to families. In conjunction with the charity drive, Borders stores will invite their charity partners for in-store events March 12 and April 23 to raise awareness of how the charity benefits their community.

    Buy a Dr. Seuss Book and Help a Child in Need

    Borders is teaming with Random House and First Book, a nonprofit providing new books to children in need, to give customers yet another opportunity to promote literacy. Beginning today through March 21, when customers make a purchase of any Dr. Seuss book in stores and on Borders.com, Random House will donate a new children's book to First Book.

    Read Across America In-Store Event

    Borders is participating in the 14th Annual Read Across America event celebrating the birthday of Dr. Seuss with a free in-store event Saturday, March 5 at 2 p.m. The party will find kids enjoying "Cat in the Hat" storytime, a variety of Cat-themed games and activities, as well as delicious food samplings. Importantly, each child in attendance will be given the opportunity to write a review of their favorite book. One review from each store will be featured on the March is Kids Reading Month landing page at http://www.borders.com/online/store/ArticleView_march-is-kids-reading-month, while other reviews will be included on the title detail pages on Borders.com. (Event is being held in Borders superstores only.)

    "Diary of a Wimpy Kid: Rodrick Rules" In-Store Party

    On Saturday, March 19 beginning at 2 p.m., Borders will host a party celebrating the major motion picture release of "Diary of a Wimpy Kid: Rodrick Rules," the much anticipated film based on the 2nd book in the beloved Wimpy Kid book series by Jeff Kinney. During the event, Wimpy fans will enjoy trivia, games and activities, food samplings and have an opportunity to pen their recommendation for their favorite book in the Wimpy Kid series. (Event is being held in Borders superstores only.)

    To find Borders superstore locations participating in the events, visit Borders.com and click on the Store Locator link. Activities and events may vary by store.

    About Borders Group, Inc.

    Headquartered in Ann Arbor, Mich., Borders Group, Inc. is a specialty retailer of books as well as other educational and entertainment items. Online shopping is offered through borders.com. Find author interviews and vibrant discussions of the products we and our customers are passionate about online at facebook.com/borders, twitter.com/borders and youtube.com/bordersmedia. For more information about the company, visit borders.com/media.

    Borders, Inc.

    CONTACT: Mary Davis of Borders, +1-734-477-1374

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




    Viacom President and Chief Executive Officer Philippe Dauman to Appear at the Deutsche Bank 2011 Media and Telecommunications Conference

    NEW YORK, March 1, 2011 /PRNewswire-FirstCall/ -- Viacom Inc. today announced that Philippe Dauman, President and Chief Executive Officer of Viacom, will participate in a question-and-answer session at the Deutsche Bank 2011 Media and Telecommunications Conference on Monday, March 7, 2011, at approximately 1:00pm (ET). A live webcast of Mr. Dauman's question-and-answer session will be available to the general public through a link on the Investor Relations homepage of Viacom's website, www.viacom.com. A replay of the audio webcast will be available in the "Events / Webcasts" section of the site.

    About Viacom

    Viacom is home to the world's premier entertainment brands. Through its BET Networks, MTV Networks and Paramount Pictures divisions, Viacom connects with audiences through compelling content across television, motion picture, online and mobile platforms in more than 160 countries and territories. With approximately 170 media networks reaching more than 600 million global subscribers, Viacom's leading brands include MTV, VH1, CMT, Logo, BET, CENTRIC, Nickelodeon, Nick Jr., TeenNick, Nicktoons, Nick at Nite, COMEDY CENTRAL, TV Land, Spike TV and Tr3s. Paramount Pictures, America's oldest film studio and creator of many of the most beloved motion pictures, continues today as a major global producer and distributor of filmed entertainment. Viacom operates more than 500 branded digital media properties, including several of the world's most popular destinations for entertainment, community and casual online gaming.

    For more information about Viacom and its businesses, visit www.viacom.com.

    Viacom Inc.

    CONTACT: Media, Kelly McAndrew, +1-212-846-7455,
    Kelly.mcandrew@viacom.com, or Investors, James Bombassei, +1-212-258-6377,
    james.bombassei@viacom.com

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




    'Dummies Month' Celebrates 20 Years of 'Making Everything Easier'

    HOBOKEN, N.J., March 1, 2011 /PRNewswire/ -- The first "For Dummies" book, DOS For Dummies, hit the shelves back in November 1991. That initial 7500 unit print run launched what would become perhaps the most recognized brand in book publishing. Since the 1991 launch, the "For Dummies" brand has expanded into a robust 'how-to' website, a B2B operation, mobile apps, eBooks, custom publishing and brand licensing programs (everything from guitar kits to GPS systems), social media fan pages, and much more. Now, beginning March 1, a group of best-selling "For Dummies" authors will take to BlogTalkRadio's Internet airwaves on a new "For Dummies" channel (http://www.blogtalkradio.com/fordummies).

    Over the next 31 days, known as "Dummies Month", a variety of top authors will share not only tips in their areas of expertise, but they'll also explain how they became involved with the For Dummies brand and what the brand means to them. Blockbuster authors scheduled to appear include:

    --  Jim Lemke (Resumes For Dummies and Interviews For Dummies)
    --  Marsha Collier (eBay For Dummies)
    --  Shamash Alidina (Mindfulness For Dummies)
    --  Dr. Joy Browne (Dating For Dummies)
    --  Andy Rathbone (Windows 7 For Dummies)
    --  Bob "Dr. Mac" LeVitus (iPad For Dummies)
    --  Dr. Ruth Westheimer (Sex For Dummies)
    --  and many more.
    

    In addition to the BlogTalkRadio shows, "For Dummies" will celebrate 20 years of making everything easier with author interviews on national TV & radio as well as local events, consumer sweepstakes and prize packages, exclusive giveaways on Dummies social media sites, retailer and library contests, Dummies Man special appearances, and participation in local, national, and industry events.

    For Dummies(R)

    With near universal name recognition, more than 150 million books in print, and more than 1,300 topics, For Dummies is the world's bestselling reference series. With loyal customers around the globe, For Dummies enriches people's lives by making knowledge accessible in a fun and easy way. Described by the New York Times as "more than a publishing phenomenon, but a sign of the times," For Dummies span every section of the bookstore, covering everything from health to history, music to math, self-help to Spanish language, technology to travel, and more. The Dummies brand has expanded into new products and categories with language audio sets; and an extensive licensed product line, including art sets, craft kits, GPS navigation, fitness and hobby DVDs and more. For more information, visit Dummies.com. For Dummies is a branded imprint of Wiley.

    About Wiley

    Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Wiley and its acquired companies have published the works of more than 400 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry, and Peace.

    Our core businesses publish scientific, technical, medical, and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online applications and Web sites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company's Web site can be accessed at http://www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb.

    John Wiley & Sons, Inc.

    CONTACT: Eric Holmgren, +1-415-782-3161

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




    ERP Logic Named SAP(R) Business ByDesign(TM) Partner of the Year, North America at SAP Channel Partner Summit Americas 2011

    IRVING, Texas, March 1, 2011 /PRNewswire/ -- ERP Logic, Inc. today announced it has been named the 2010 "SAP(R) Business ByDesign(TM) Partner of the Year, North America". Awards were presented by SAP Americas during SAP Channel Partner Summit Americas 2011, held February 27 to March 1 in Savannah, Ga., to the top-performing SAP channel partners and SAP Business ByDesign(TM) partners in North America for outstanding contributions in revenue growth, marketing and customer service.

    "We are deeply honored to receive this award, and even more, we are honored to work side by side with such a great team from SAP on the SAP Business ByDesign solution," said Caldwell Velnambi, CEO of ERP Logic, Inc. "We've worked diligently to put the right resources in place that align with our strategy and goals for development, implementation, and sales and marketing in support of SAP Business ByDesign because we truly believe in the power of this solution and how it can really turn small and midsize companies around."

    Selected from SAP's wide-ranging North American partner base, nominations were evaluated on numerous criteria to determine winning partners in each category. As the recipient of the SAP Business ByDesign Partner of the Year, North America award, ERP Logic has been honored as best in overall performance, including: solution architecture, implementation and sales and marketing.

    ERP Logic received the award during SAP Channel Partner Summit Americas 2011, an annual gathering of SAP sales executives and partners to learn about SAP's sales methodology, best practices, business growth opportunities and product innovations. The theme of this year's summit - "Run Better Together" - prominently featured the importance of SAP's partner ecosystem. The focus of the event was on helping SAP channel partners succeed in 2011 by providing visibility into SAP's company direction, education on products, networking opportunities, and exposure to SAP leaders - all aimed at helping partners and ultimately customers run better with SAP solutions. This year's Partner Summit hosted more than 680 attendees from the U.S. and Canada.

    "Through hard work, dedication and consistent collaboration with SAP, ERP Logic has delivered outstanding performance and revenue growth in 2010, and has helped our joint customers run better with SAP applications," said Kevin Gilroy, senior vice president, SME North America, SAP America, Inc. "SAP congratulates ERP Logic on receipt of the SAP Business ByDesign Partner of the Year, North America award, demonstrating a strong commitment to the SAP partnership and to delivering value and satisfaction to our mutual customers."

    For over a decade, ERP Logic has brought success to the SAP ecosystem with deep expertise and experience in implementation and consulting related to the SAP ERP application. ERP Logic continues to work successfully with companies like Easton Bell Sports, Elmer's, HMX, Fossil(R), Reebok, and many others.

    About ERP Logic, Inc.

    ERP Logic, Inc. is an SAP channel partner and global business solutions implementation and consulting company. It possesses deep expertise in simplifying and streamlining business processes by leveraging the right IT solutions, and has a proven track record with several Fortune 500 companies.

    For small and mid-sized companies, ERP Logic offers implementation and development services in support of SAP Business ByDesign, a fully integrated business management solution. ERP Logic also offers the customer relationship management (CRM) and enterprise resource planning (ERP) starter packages for SAP Business ByDesign.

    ERP Logic offers implementation and consulting services in support of SAP ERP. These services include assessment, application management, upgrade, custom applications, and staff augmentation. ERP Logic also offers additional functionality to its customers through fixed-bid solutions like iFSCM, a solution that optimizes the financial supply chain.

    SAP, SAP Business ByDesign and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world.

    Business Objects, BusinessObjects and the Business Objects logo are trademarks or registered trademarks of Business Objects in the United States and/or other countries. Business Objects is an SAP company.

    All other product and service names mentioned are the trademarks of their respective companies.

    SAP Forward-looking Statement

    Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

    ERP Logic, Inc.

    CONTACT: Nancy Wilson, CST of ERP Logic, Inc., +1-972-401-3771,
    nancy@erplogic.com

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




    Lyris to Share Insights From Over 500 Email Marketers on How to Increase Conversions and SalesMarketing Webinar to Reveal Practical Tips and Real-World Examples on How to Optimize Campaign Success

    EMERYVILLE, Calif., March 1, 2011 /PRNewswire/ -- Lyris, Inc. , the online marketing expert, today announced its upcoming Webinar, "500 Email Marketers Can't Be Wrong: Proven Email Marketing Tactics to Increase Conversions & Sales." Email marketers are challenged to drive results through improved open, click-through and conversation rates. This means that understanding which tactics are likely to improve these metrics, compared to those that do not, will help marketers improve efficiency and ROI.

    This Webinar will teach marketers:

    --  The two things that successful email marketers say have improved their
    campaign results
    --  The three steps which must be taken to move campaign results from 'okay'
    to 'outstanding'
    --  Five categories that will show how marketers' email practices stack up
    against the competition
    

    On March 3, 2011 at 10:00 a.m. PT, marketing experts from Lyris and The Aberdeen Group will discuss Aberdeen's December 2010 study, "Email Marketing: Customers Take It Personally," and describe best practices and real-world examples to obtain exceptional email campaign results.

    The Aberdeen Group, Senior Research Analyst, Marketing Strategy WHO: and Effectiveness, Chris Houpis Lyris Inc., VP of Product Management, Brennan Carlson Webinar -500 Email Marketers Can't Be Wrong: Proven Email WHAT: Marketing Tactics to Increase Conversions & Sales WHEN: Thursday, March 3, 2011 at 10:00 a.m. PT WHERE: To register for the Webinar, click here

    Webinar attendees will be able to submit questions either directly through the Webinar interface or via Twitter to @Lyris using the #LyrisWebinar hashtag. Following the Webinar, all attendees will receive a complimentary copy of the "Email Marketing: Customers Take It Personally" study, complete with insights from more than 500 companies.

    About Lyris, Inc.

    Lyris, Inc. is the online marketing expert delivering the right mix of software technology and industry knowledge to help its customers simplify their marketing efforts and optimize campaign ROI. Through its on-demand integrated marketing suite, Lyris HQ, and reliable on-premise solutions, including Lyris ListManager, Lyris provides customers the right tools to optimize their online and mobile marketing initiatives.

    Lyris, Inc.

    CONTACT: Dan Gould, +1-415-262-5959, for Lyris

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




    IBM Advances Cloud Computing with New SoftwareIBM expands its virtualization, image management and cloud computing leadership with major technology breakthroughs

    LAS VEGAS, March 1, 2011 /PRNewswire/ -- PULSE 2011 -- IBM today showcased a series of technology breakthroughs that extend its leadership capabilities in virtualization, image management and cloud computing, including software that can virtualize a data center within minutes to instantly meet business demand.

    (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )

    These new technologies build on IBM's existing provisioning and image deployment capabilities that help clients better manage virtualized cloud environments to achieve greater business efficiency, agility and innovation while controlling costs.

    According to IDC, $17 billion was spent on cloud-related technologies, hardware and software in 2009. IDC expects that spending will grow to $45 billion by 2013.(1)

    The demand for cloud computing is exploding as organizations seek to expand the impact of IT to deliver new and innovative services while realizing significant economies of scale. The power of the cloud computing model is the ability to harness varying technology investments by enabling rapid and dynamic scheduling, provisioning and management of virtualized computing resources on demand.

    IBM has helped thousands of clients adopt cloud models and manages millions of cloud based transactions every day in areas as diverse as banking, communications, healthcare and government, and securely tap into IBM cloud-based business and infrastructure services. By offering proven solutions to accelerate the deployment of advanced infrastructure virtualization with capabilities to visualize, control, and automate these infrastructures, IBM helps global organizations optimize their ROI from technology.

    New software virtualizes a data center in minutes

    IBM's new, advanced virtual deployment software -- now available as an open beta program -- enables organizations to build a cloud environment rapidly and manage with greater ease than ever before. The software has unmatched dynamic provisioning and scheduling of server resources, two capabilities at the core of cloud functionality.

    While traditional technologies deploy virtual machines slowly, requiring significant hands-on management from IT staff, the IBM software can deploy a single virtual machine in seconds, dozens in a few minutes and hundreds or thousands at the unrivaled speed of under an hour.

    In addition to speed, the new IBM software provides a powerful "image management" system to help organizations install, configure and automate the creation of new virtual machines to better meet business demands, while minimizing costs, complexity and the risk associated with IT deployment.

    An organization's ability to instantly access computational resources enables quicker response to changing customer demands as well as new business opportunities that require IT resources from a large data center.

    For example, a telecommunications operator could leverage a high-performance cloud environment to support rapid development and deployment of fourth-generation applications, reducing time to market from months to weeks; a healthcare provider could leverage the cloud's computational resources to accelerate retrieval and analysis of medical records to provide better service to patients in a more cost-effective manner.

    As organizations rely more heavily on the rapid availability of computational resources, the demand for virtual machines increases dramatically. In fact, virtual machines under management will grow tenfold from 2008 to 2012.(2) Virtual server images are typically between five to 20 gigabytes in size. Multiply that by the thousands of virtual images created today, with larger enterprises having five to twenty thousand virtual machines, and the resulting complexity makes it challenging for IT managers who are tasked with improving service levels.(3) These types of requirements demand an environment that delivers rapid access to IT resources. It is becoming a critical requirement to have an automated, "low touch" design that supports a much larger number of virtual machines with fewer administrators -- reducing costs and risks associated with human error.

    "These new technologies deliver a definitive step forward in simplifying the way IT staff can manage the cloud," said Ric Telford, vice president of Cloud Services, IBM. "They come at a critical time for businesses as the demand for computing resources and new services are becoming nearly insatiable, despite generally stagnate budgets. IBM is delivering again on our promise of leading cloud innovation with a focus on fundamentally transforming the economics of IT."

    IBM also announced three new breakthroughs for managing virtual environments:

    Automating IT Resources

    IBM has expanded the capabilities of Tivoli Provisioning Manager 7.2 to help organizations better manage virtual computing resources easily by automating best practices for data center provisioning activities. New capabilities to this provisioning software include a federated image library, image mobility and application deployment utilizing composite images.

    The new software enables clients to rapidly deploy images in order to provide high value applications, while the automated provisioning helps control image sprawl, reduce cost and optimize resources. Leveraging best practices drives greater consistency to help minimize human errors and speed the execution and accuracy of the testing process.

    Extending Service Management to Hybrid Cloud Environments

    IBM demonstrated technologies that provide a centralized management platform for hybrid cloud environments for both on and off premise deployments. IBM's cloud integration strategy enables clients to simplify, centralize and control the secure use of hybrid public and private clouds.

    The new technology demonstrated today extends service management capabilities such as governance, monitoring and security across physical and virtualized resources in private and public clouds as well as traditional physical deployments.

    Protecting Virtualized Data

    The IBM Tivoli Storage Manager for Virtual Environments integrates with and extends clients' requirements to meet backup and recovery needs, online database and application protection, disaster recovery, reduction in stored data, space management, archiving and retrieval

    In the virtualized environment, this software improves the frequency of backups to reduce the amount of data at risk, and enables faster recovery of data to reduce downtime following a failure. By off-loading backup and restore processes from virtual machines, Tivoli Storage Manager for Virtual Environments allows users and applications to remain productive without disruption.

    IBM Tivoli Storage Manager for Virtual Environments includes features that:

    --  Utilize VMware's vStorage APIs for Data Protection, including
    block-level incremental backups based on VMware's Changed Block Tracking
    --  Offload the backup workload from virtual machines and production VMware
    ESX hosts to vStorage backup servers
    --  Provides flexible recovery options -- file, volume or image -- from a
    single-pass backup
    --  Centralizes and simplifies management with IBM Tivoli Storage Manager
    

    For photos and more on today's news, please visit the PULSE 2011 press kit at www.ibm.com/press/pulse.

    (1) IDC http://itmanagement.earthweb.com/netsys/article.php/3870016/IDC-Sees-Cloud-Market-Maturing-Quickly.htmhttp://itmanagement.earthweb.com/netsys/article.php/3870016/IDC-Sees-Cloud-Market-Maturing-Quickly.htm

    (2) Tom Bittman, "Server Virtualization: From Virtual Machines to Clouds," Gartner Webinar, January 20, 2010.

    (3) Kurt Marko, "The Costs of Virtual Sprawl," Processor, July 2, 2008.

    Contact information: Kara Yi IBM Media Relations 415-545-6742 kyi@us.ibm.com

    Photo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO
    PRN Photo Desk, photodesk@prnewswire.com IBM Corporation

    CONTACT: Kara Yi, IBM Media Relations, +1-415-545-6742, kyi@us.ibm.com

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




    Tree.com Appoints Bruce Cook as Vice President, Business Development

    CHARLOTTE, N.C., March 1, 2011 /PRNewswire/ -- Tree.com today announced that Bruce Cook has been named the vice president of business development for Tree.com and LendingTree, LLC. In this role, Mr. Cook will lead the development of new strategic initiatives and partnerships for all Tree.com verticals.

    Mr. Cook has over 12 years of experience in the lead generation industry, with a strong track record of driving new business and customer acquisition through strategic partnerships and online consumer marketing. Prior to joining Tree.com, Mr. Cook served as managing director at ConsumerTrack, Inc. and director of business development at Experian / LowerMyBills.com.

    "Bruce has deep experience in key Tree.com verticals including mortgage, insurance, and credit, to name a few," said LendingTree CEO, Doug Lebda. "I'm thrilled to have him as part of the Tree.com team. His experience in developing strategic relationships will help us identify and secure new partners and opportunities across the organization. For LendingTree specifically, Bruce will be instrumental in upcoming product innovation and continuing to improve our best-in-class lead quality and conversion."

    About Tree.com, Inc.

    Tree.com, Inc. is the parent of several brands and businesses that provide information, tools, advice, products and services for critical transactions in our customers' lives. Our family of brands includes: LendingTree.com(R), GetSmart.com(R), RealEstate.com(R), DegreeTree.com(SM), HealthTree.com(SM), LendingTreeAutos.com, DoneRight.com, and InsuranceTree.com(SM). Together, these brands serve as an ally for consumers who are looking to comparison shop for loans, real estate and other services from multiple businesses and professionals who will compete for their business.

    Tree.com, Inc. is the parent company of wholly owned operating subsidiaries: LendingTree, LLC and Home Loan Center, Inc.

    Tree.com, Inc. is headquartered in Charlotte, N.C. and maintains operations solely in the United States. For more information, please visit www.tree.com.

    MEDIA CONTACT: Nicole Hall (704) 943-8463 Nicole.hall@tree.com

    Tree.com, Inc.

    CONTACT: Media, Nicole Hall, +1-704-943-8463, Nicole.hall@tree.com

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




    CeBIT Commences With Turkcell SponsorshipThe Chancellor of Germany Angela Merkel Embraces Cello and Welcomes Turkcell

    ISTANBUL, March 1, 2011 /PRNewswire-FirstCall/ -- CeBIT, the Information and Technology fair, in which Turkey is participating as a Partner Country in 2011, has commenced with Turkcell sponsorship. The special section in the fair where Turkey is being represented with events and stands has been opened with a ceremony and participation of Turkcell's CEO Mr. Sureyya Ciliv and the Chancellor of Germany, Angela Merkel. Mr. Sureyya Ciliv presented a golden SIM card, which symbolically is the first SIM Card of Turkcell Europe, to Ms. Angela Merkel during the ceremony. Ms. Angela Merkel, embracing Turkcell's symbolic Cello, noted that she would also opt for Turkcell when in Turkey.

    Photo of German Chancellor Ms. Angela Merkel embracing Turkcell's Cell buddy at CeBIT:

    (Photo: http://www.newscom.com/cgi-bin/prnh/20110301/441348 )

    Turkcell CEO Mr. Sureyya Ciliv commented that "As Turkcell, we are quite pleased to be among the sponsors of such a conference. As the leading company in our sector in Turkey as well as the global arena, we are thrilled to represent the Turkish telecommunications sector at this event. Another reason that positions CEBIT even more importantly is Turkcell Europe's launch in Germany, the preparations of which were completed in 2010. We are proud to realize one of the most sizeable investments from Turkey to Germany and to have exported Turkish technology and knowhow to Germany, since the beginning of the period of migration to Germany 50 years ago. There are approximately 3 million Turkish people currently living in Germany among who Turkcell's brand is very well known."

    Turkcell is also hosting 12 post-graduate students who have been accepted to the "Turkcell Post-Graduate Scholarship Program". These bright youngsters who have been granted scholarships by Turkcell in the technology arena to support the development of and attract a qualified workforce to the sector, have shared their own studies and projects at the Turkcell booth.

    About Turkcell

    Turkcell is the leading communications and technology company in Turkey with 33.5 million subscribers and a market share of approximately 54% as of 2010 (Source: Operator's announcements). Turkcell is a leading regional player, with market leadership in five of the nine countries in which it operates with its approximately 60.4 million subscribers as of 2010. Turkcell reported TRY9.0 billion ($6.0 billion) net revenue and its total assets reached TRY15.1 billion ($9.8 billion) as of 2010. Turkcell covers 82% of the Turkish population through its 3G and covers 99.07% of the Turkish population through its 2G technology supported network. Turkcell has become one of the first operators among the global operators to have implemented HSDPA+ and to reach to 42.2 Mbps speed with HSPA multi carrier solution. Turkcell has been listed on the NYSE and the ISE since July 2000 and is the only NYSE-listed company in Turkey. 51.00% of Turkcell's share capital is held by Turkcell Holding, 0.05% by A***ukurova Holding, 13.07% by Sonera Holding and 1.19% by others while the remaining 34.69% is free float. Read more at http://www.turkcell.com.tr

    For further information please contact Turkcell Nihat Narin, Investor and International Media Relations Tel: + 90-212-313-1244 Email: nihat.narin@turkcell.com.tr investor.relations@turkcell.com.tr http://www.turkcell.com.tr

    Photo: http://www.newscom.com/cgi-bin/prnh/20110301/441348 Turkcell

    CONTACT: For further information please contact Turkcell: Nihat Narin,
    Investor and International Media Relations, Tel: + 90-212-313-1244, Email:
    nihat.narin@turkcell.com.tr , investor.relations@turkcell.com.tr




    CeBIT Commences With Turkcell Sponsorship- The Chancellor of Germany Angela Merkel Embraces Cello and Welcomes Turkcell

    ISTANBUL, Turkey, March 1, 2011 /PRNewswire/ -- CeBIT, the Information and Technology fair, in which Turkey is participating as a Partner Country in 2011, has commenced with Turkcell sponsorship. The special section in the fair where Turkey is being represented with events and stands has been opened with a ceremony and participation of Turkcell's CEO Mr. Sureyya Ciliv and the Chancellor of Germany, Angela Merkel. Mr. Sureyya Ciliv presented a golden SIM card, which symbolically is the first SIM Card of Turkcell Europe, to Ms. Angela Merkel during the ceremony. Ms. Angela Merkel, embracing Turkcell's symbolic Cello, noted that she would also opt for Turkcell when in Turkey.

    Photo of German Chancellor Ms. Angela Merkel embracing Turkcell's Cell buddy at CeBIT:

    (Photo: http://www.newscom.com/cgi-bin/prnh/20110301/441348 )

    Turkcell CEO Mr. Sureyya Ciliv commented that "As Turkcell, we are quite pleased to be among the sponsors of such a conference. As the leading company in our sector in Turkey as well as the global arena, we are thrilled to represent the Turkish telecommunications sector at this event. Another reason that positions CEBIT even more importantly is Turkcell Europe's launch in Germany, the preparations of which were completed in 2010. We are proud to realize one of the most sizeable investments from Turkey to Germany and to have exported Turkish technology and knowhow to Germany, since the beginning of the period of migration to Germany 50 years ago. There are approximately 3 million Turkish people currently living in Germany among who Turkcell's brand is very well known."

    Turkcell is also hosting 12 post-graduate students who have been accepted to the "Turkcell Post-Graduate Scholarship Program". These bright youngsters who have been granted scholarships by Turkcell in the technology arena to support the development of and attract a qualified workforce to the sector, have shared their own studies and projects at the Turkcell booth.

    About Turkcell

    Turkcell is the leading communications and technology company in Turkey with 33.5 million subscribers and a market share of approximately 54% as of 2010 (Source: Operator's announcements). Turkcell is a leading regional player, with market leadership in five of the nine countries in which it operates with its approximately 60.4 million subscribers as of 2010. Turkcell reported TRY9.0 billion ($6.0 billion) net revenue and its total assets reached TRY15.1 billion ($9.8 billion) as of 2010. Turkcell covers 82% of the Turkish population through its 3G and covers 99.07% of the Turkish population through its 2G technology supported network. Turkcell has become one of the first operators among the global operators to have implemented HSDPA+ and to reach to 42.2 Mbps speed with HSPA multi carrier solution. Turkcell has been listed on the NYSE and the ISE since July 2000 and is the only NYSE-listed company in Turkey. 51.00% of Turkcell's share capital is held by Turkcell Holding, 0.05% by Çukurova Holding, 13.07% by Sonera Holding and 1.19% by others while the remaining 34.69% is free float. Read more at http://www.turkcell.com.tr

    For further information please contact Turkcell Nihat Narin, Investor and International Media Relations Tel: + 90-212-313-1244 Email: nihat.narin@turkcell.com.tr investor.relations@turkcell.com.tr

    http://www.turkcell.com.tr

    Photo: http://www.newscom.com/cgi-bin/prnh/20110301/441348 Turkcell

    CONTACT: For further information please contact Turkcell: Nihat Narin,
    Investor and International Media Relations, Tel: + 90-212-313-1244, Email:
    nihat.narin@turkcell.com.tr , investor.relations@turkcell.com.tr




    AMERCO and U-Haul International, Inc., Announce Launch of U-Haul Investors Club

    RENO, Nev., March 1, 2011 /PRNewswire/ -- AMERCO , the parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company today announced the launch of the U-Haul Investors Club. This borrowing platform enables people to invest directly in AMERCO securities.

    Inspired by the concept of social lending, where individuals gather funds and lend to others with minimum involvement from intermediaries, the U-Haul Investors Club brings social lending to the corporate level. The Web site gives individuals a simple, friendly and inexpensive way to invest directly in asset-backed corporate securities. The notes, issued by AMERCO, are SEC-registered securities.

    "The U-Haul Investors Club platform provides investors the benefit of an online marketplace that provides fair interest rates. Investment transactions are completed in a self-directed manner, with investment increments starting as low as $100," stated Jim Shoen, vice president of U-Haul International, Inc.

    Members of the U-Haul Investors Club have the choice to lend against specific assets, with varying interest rates and maturities. There are no commissions, sales charges, or middlemen and there is no fee to join. Members invest directly through the uhaulinvestorsclub.com Web site.

    About the Company

    In 1945 the co-founders of U-Haul identified a need and created the shared-use, do-it-yourself moving industry. Since that time, U-Haul has been serving North Americans with their do-it-yourself household moving needs through a shared use platform. Today, approximately 16,480 U-Haul locations, which includes nearly 1,490 owned and managed facilities and 14,990 independent dealers support neighborhoods throughout North America. More than 96,000 U-Haul Moving Vans and 111,000 towing devices travel the roadways of North America helping families move to a better way of life. The U-Haul Investors Club provides a platform that allows members an opportunity to invest in a specific group of assets by investing directly through the U-Haul Investors Club website. For more information, or to join the U-Haul Investors Club, please visit uhaulinvestorsclub.com

    AMERCO has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents AMERCO has filed with the SEC for more complete information about AMERCO and this offering. You may get these documents for free by visiting the SEC website at sec.gov, or under the "SEC filings" page on the U-Haul Investors Club website. Securities issued under the U-Haul Investors Club are not FDIC insured.

    AMERCO

    CONTACT: Jennifer Flachman, Director of AMERCO Investor Relations,
    +1-602-263-6601

    Web site: http://www.amerco.com/
    http://uhaulinvestorsclub.com//




    Qualcomm et Gameloft s'allient autour des jeux mobiles HD- Cette collaboration vise à enrichir l'expérience de jeux sur les nouvelles générations de terminaux

    SAN FRANCISCO, March 1, 2011 /PRNewswire/ -- Qualcomm Incorporated a annoncé aujourd'hui la signature d'un partenariat avec Gameloft, leader mondial dans le développement et l'édition digitale de jeux vidéo, visant à rendre l'expérience de jeu encore plus immersive sur les titres best-sellers de Gameloft tels que << SpiderMan : Total Mayhem HD >>, << Real Football 2011 HD >>, << GT Racing : Motor Academy HD >> et << Modern Combat 2 : Black Pegasus >>. Qualcomm, un des leaders de l'industrie des processeurs pour tablettes et smartphones, a travaillé de pair avec Gameloft pour optimiser les jeux HD de Gameloft pour les générations de processeurs actuels et à venir de Qualcomm comme le Snapdragon MSM(R)8x55 et le double coeur MSM8x60.

    Gameloft et Qualcomm ont déjà collaboré dans le passé sur le processeur graphique Adreno(R) pour des jeux tels que << Assassin's Creed Altair's Chronicles >>. Avec cette nouvelle alliance Qualcomm et Gameloft poursuivent leur partenariat sur les processeurs Snapdragon afin d'optimiser les jeux sur plateformes Android. Le processeur double coeur Snapdragon inclut deux processeurs de 1,5 GHz chacun, un processeur graphique Adreno 220 intégré, ainsi que des capacités multimédias avancées avec, un processeur audio Dolby 5.1, le système SRS et d'autres technologies de son surround, le module d'exécution d'application Adobe(R) Flash 10, des accélérateurs vidéo pour une capacité d'encodage et de décodage Full HD 1080p, ainsi que la capacité d'afficher les jeux sur de grands écrans de télévision grâce à des interfaces standards telles que le HDMI.

    << Nous sommes heureux de travailler étroitement avec Gameloft afin d'optimiser en amont cet impressionnant catalogue de jeux pour les processeurs Snapdragon, >> déclare Raj Talluri, vice president of product management chez Qualcomm. << Gameloft possède l'expertise nécessaire pour tirer parti du processeur graphique Adreno dans le développement de ses jeux et offrir une impressionnante gamme de jeux pour tablettes et smartphones cette année >>.

    << Nous sommes ravis de poursuivre notre collaboration avec Qualcomm>> affirme Baudouin Corman, vice président Publishing Americas chez Gameloft. << Ces technologies vont permettre le développement de jeux immersifs comme 'Asphalt 6 : Adrenaline', 'NOVA - Near Orbit Vanguard Alliance' et plusieurs autres. Gameloft est déterminé à offrir les meilleurs jeux HD pour plateformes Android et notre accord avec Qualcomm nous permettra d'atteindre cet objectif. >>

    Pour plus d'informations à propos du processeur Snapdragon et du processeur graphique GPU, veuillez visiter

    http://www.qualcomm.com/snapdragon.

    À propos de Qualcomm

    Qualcomm Incorporated est un des leaders mondiaux de la technologie 3G et des technologies mobiles de nouvelle génération. Depuis 25 ans, les idées et les innovations de Qualcomm ont permis l'évolution des communications sans fil, reliant les gens à l'information, au divertissement et entre eux. Aujourd'hui, les technologies de Qualcomm permettent la convergence des communications mobiles et des appareils électroniques grand public, rendant ainsi les appareils et les services plus personnels, abordables et accessibles à tous. Pour plus d'informations, veuillez visiter Qualcomm sur Internet :

    http://www.qualcomm.com

    Blog : http://www.qualcomm.com/blog

    Twitter : http://www.twitter.com/qualcomm

    Facebook : http://www.facebook.com/qualcomm

    À propos de Gameloft

    Leader mondial dans le développement et l'édition digitale de jeux vidéo, Gameloft(R) s'est positionné depuis 2000 comme l'une des entreprises les plus innovantes dans son domaine. Gameloft conçoit des jeux pour toutes plateformes digitales incluant les téléphones mobiles, smartphones et tablettes (Apple(R) iOS et Android(R)), boxes triple play, TV connectées et consoles. Des accords de partenariat avec de grands détenteurs de droits permettent à Gameloft d'associer les plus grandes marques internationales à ses jeux comme UNO(R), Spider-Man(R), James Cameron's Avatar(TM), Ferrari(R) et Sonic Unleashed(R). Gameloft dispose de plus d'un portefeuille de marques en propre avec des franchises établies comme Real Football, Asphalt(TM), Modern Combat 2 : Black Pegasus et N.O.V.A Near Orbit Vanguard Alliance(R). Gameloft est présent sur tous les continents, distribue ses jeux dans 100 pays et comptent plus de 4000 développeurs. Gameloft est cotée à la bourse de Paris (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA).

    Qualcomm est une marque déposée et Snapdragon est une marque de Qualcomm Incorporated. Toutes les autres marques déposées appartiennent à leurs propriétaires respectifs.

    Pour plus d'information, veuillez visiter http://www.gameloft.com

    Contact Gameloft, Aude Fouquier, European Communication Director, Tel +33-1-58-16-20-40, Mail: aude.fouquier@gameloft.com

    Gameloft

    CONTACT: Contact Gameloft, Aude Fouquier, European Communication Director,
    Tel +33-1-58-16-20-40,
    Mail: aude.fouquier@gameloft.com




    National Semiconductor's WEBENCH FPGA Power Architect Online Design Tool Named Finalist in EDN Magazine's Innovation Awards Competition

    SANTA CLARA, Calif., March 1, 2011 /PRNewswire/ -- National Semiconductor Corp. today announced that its WEBENCH(R) FPGA Power Architect was named a finalist in EDN's 21st annual Innovation Awards competition in the Software Category. WEBENCH FPGA Power Architect is the industry's first online design tool to model and optimize power supplies for FPGAs in minutes.

    Modern power supply systems, including advanced FPGAs, are complex to design, often incorporating multiple unique loads to drive precisely specified voltages. In addition to the required voltages and currents, each load may have specific limitations for ripple, noise filtering, synchronization and separation of supplies, as well as start up definitions (soft start). The power supply designs delivered by WEBENCH incorporate comprehensive power requirements published by the FPGA manufacturers, giving the designer confidence that their power supplies will meet these constraints while saving critical time in the process. Watch a video demonstration at http://bit.ly/videoFPGA.

    Over its lifetime of more than 50 years, EDN has witnessed many distinguished achievements. In 1990, EDN embarked on a special mission to honor the most innovative technological advancements--and the designers who invent them. The EDN Innovation Awards program is now in its 21st year and proudly continues its tradition of recognizing rich talent in our industry in several categories. EDN's worldwide audience of electronic engineers and engineering managers are invited to cast online ballots at www.edn.com/innovation21 through March 31. EDN's editorial advisory board and editorial staff will determine the ultimate winners for announcement at an awards ceremony on May 2 in San Jose, Calif.

    "We are honored that EDN Magazine has nominated National's WEBENCH FPGA Power Architect as a finalist in this competition," said Phil Gibson, vice president of Marketing and Web Operations at National Semiconductor. "WEBENCH FPGA Power Architect is easy to use and allows system designers to deliver mistake-free power supply designs optimized for performance, size and cost in minutes. We are excited that it is being recognized by the engineering community."

    About National Semiconductor

    National Semiconductor is a leader in power management technology. Known for its easy-to-use analog integrated circuits and world-class supply chain, National's high-performance analog products enable its customers' systems to be more energy efficient. Headquartered in Santa Clara, Calif., National reported sales of $1.42 billion for fiscal 2010. Additional information is available at www.national.com.

    National Semiconductor and WEBENCH are registered trademarks of National Semiconductor Corporation. All other trademarks are the property of their respective owners.

    Media Contact Jonelle Hester (408) 721-5663 jonelle.hester@nsc.com Reader Information Design Support Group (800) 272-9959 www.national.com

    National Semiconductor Corp.

    CONTACT: Jonelle Hester, +1-408-721-5663, jonelle.hester@nsc.com, or
    Reader Information: Design Support Group, +1-800-272-9959

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




    MadCap Launches Newest Versions of MadPak and MadPak ML Suites Featuring MadCap Contributor, Flare 7.0 and Analyzer 4.0MadPak and MadPak ML Expand Mobile Functionality with QR Code Support, Add SharePoint Integration, and Enhance Support for Government Accessibility Standards

    LA JOLLA, Calif., March 1, 2011 /PRNewswire/ -- MadCap Software, Inc., the leader in multi-channel content authoring and a showcase company for Microsoft Visual Studio and Microsoft XPS, today announced that the newest releases of MadPak and MadPak ML (Multilingual) are now available. MadPak and MadPak ML are the industry's most comprehensive authoring suites, featuring integrated, XML-based products for complete end-to-end technical communication. The latest releases of the suites offer three new product versions: MadCap Flare 7.0 for single-source, multi-channel publishing; MadCap Analyzer 4.0 for analyzing Flare-based content; and MadCap Contributor, which replaces and expands upon MadCap X-Edit for editing, reviewing and contributing to Flare content.

    MadCap expands its leadership in mobile documentation with another industry first--support for publishing Quick Response (QR) codes for use by mobile devices. Flare 7.0 and Contributor integrate with Microsoft SharePoint and include features for vector and equation publishing. Additionally, Flare 7.0 and Analyzer 4.0 extend support for government accessibility standards.

    Along with MadCap Flare, Analyzer and Contributor, the MadPak suite also includes MadCap Mimic 5.0 for publishing software simulation movies, video and audio, and MadCap Capture 5.0 for image capture and graphics editing. MadPak ML offers all the products in MadPak plus the MadCap Lingo translation environment tool (TeNT) to support companies with a global presence.

    MadPak and MadPak ML are the only technical communication suites in which all products are highly integrated to create a seamless experience for documentation professionals, translators, and other content authors. For example:

    --  Enable subject matter experts (SMEs) and managers to provide the author
    with content and feedback on drafts using Contributor.
    --  Author and publish technical documentation, knowledge bases, policy and
    procedures, and more, using Flare--in print, on the Web, on desktops, or
    even on mobile devices.
    --  Provide screenshots with callouts using Capture.
    --  Create interactive software simulation movies and video tutorials with
    Mimic.
    --  Scan, identify and fix any content issues in advance of publishing with
    Analyzer.
    --  Use MadCap Lingo with full translation memory support to translate
    content without requiring any file transfers--preserving both the
    content and formatting. Also use MadCap Lingo to provide content
    statistics, such as word count and translation estimates to facilitate
    project and budget planning.
    

    "The newest releases of our MadPak and MadPak ML technical communication suites significantly advance our commitment to ensuring that companies can offer everyone access to the content they need, whenever and wherever they need it--while streamlining the entire authoring, review, translation, and multi-channel publishing process," said Anthony Olivier, MadCap founder and CEO. "With QR code support, authors can now turn static print information into actionable content that empowers users in ways never before possible. Meanwhile, new accessibility features automate much of the process of ensuring that documentation meets government standards for supporting the vision and hearing impaired."

    Olivier added, "At the same time, we've also extended our commitment to creating a superior experience for the users of our software by integrating with Microsoft SharePoint and Apache Subversion to enhance collaboration and version control, delivering new functionality for publishing equations and vector graphics, and adding an extensive list of usability enhancements to our MadPak and MakPak ML suites."

    MadCap Flare 7.0

    Flare is MadCap's flagship software for single-source, multi-channel authoring and publishing. With Version 7.0, MadCap Flare becomes the first authoring software to include a built-in QR code generator that lets writers insert QR codes into content files. In doing so, MadCap extends its leadership in mobile publishing and bridges the gap between static print documentation and searchable, mobile content. It builds on MadCap Flare's leadership as the only authoring software that allows for native, intuitive publishing of any documentation to mobile devices. Flare 7.0 also features:

    --  Enhanced support for government accessibility standards aimed at making
    documentation more accessible to users who have visual and hearing
    impairments.
    --  Microsoft SharePoint integration, so Flare users can connect to
    SharePoint servers within their organizations to access and edit
    SharePoint files from within any Flare project.
    --  Native support for Apache Subversion to facilitate version control among
    authors who collaborate on content.
    --  A new built-in Equation Editor that supports the Mathematical Markup
    Language (MathML) for describing mathematical notations in XML.
    --  New track changes feature that allows authors to view changes made to
    content files edited in the XML Editor and accept or reject those
    alterations individually or in an entire group.
    --  Enhanced print publishing via support for three types of vector image
    files for generating PDF output: EPS, PS and SVG.
    

    For more detail on these new and enhanced features in Flare 7.0, see the press release on MadCap Flare 7.0 also dated March 1, 2011.

    "Flare 7.0 is easily the most versatile and capable authoring tool that I've used," says David Lee, Sage Ltd. senior technical author. "MadCap clearly listens to their customers, and their support is second to none."

    "One of the strengths of all of MadCap's products is the tight integration of their applications--both within a specific application and across the MadCap family of products--and with Flare 7.0, MadCap has a well-designed release with something for everyone," notes Ed Marshall, founder of Marshall Documentation Consulting.

    MadCap Contributor

    MadCap Contributor consolidates all the functionality of the MadCap X-Edit product family into a single application that allows a company's subject-matter experts and managers to easily edit and contribute content to Flare projects--without having to learn the advanced features of Flare. Additionally, it enables documentation professionals to pre-define templates, so that content from casual contributors is automatically placed into the correct format.

    MadCap Contributor builds on the functionality of X-Edit by adding key new features.

    --  QR code support means authors can use the XML Editor to quickly and
    easily add QR codes, which can be read by many smart phones and other
    mobile devices with built-in barcode readers. The data encoded in the QR
    code can be text, a website URL, an email address, contact information,
    or short message service (SMS) for sending text messages. For example, a
    quick start guide might feature a QR code at the bottom of each page
    that takes people to a website for more detailed information on that
    page's content.
    --  SharePoint integration enables users to connect to SharePoint servers
    within their organizations to access SharePoint files from MadCap
    Contributor, allowing users to take advantage of SharePoint's
    capabilities for collaboration, file sharing, and publishing to the Web.
    --  Equations are now supported through the Mathematical Markup Language
    (MathML) for describing mathematical notations in XML. MathML in
    Contributor lets authors embed virtually any kind of mathematical
    equation in the XML Editor.
    --  Vector graphics support includes three types of vector image files for
    generating PDF output: EPS, PS and SVG. This produces a much crisper
    image in printed documents, maintaining clarity even when the graphic
    size is reduced.
    

    MadCap Analyzer 4.0 Enhances Accessibility Compliance

    MadCap Analyzer starts by identifying issues within Flare projects, such as broken links, missing images, or inconsistent index keywords. Then it goes beyond to proactively recommend corrections and improvements, such as where to add a snippet for content re-use, consolidate styles, add an index keyword, and much more.

    Analyzer 4.0 significantly extends the ability to analyze Flare content in order to ensure that it is accessible to users who have visual and hearing impairments, and it complies with standards such as Section 508 of the US Rehabilitation Act and the Web Content Accessibility Guidelines (WCAG). The Analyzer Summary window pane allows authors to view all the accessibility issues that are found. From there, authors can customize the accessibility suggestions that are shown and resolve any accessibility issues before content is published. Accessibility issues tracked by Analyzer 4.0 include:

    --  Image elements missing alternate text.
    --  QR code elements missing alternate text.
    --  Equation elements missing alternate text.
    --  Tables missing captions and summaries.
    --  Tables missing header rows.
    --  Form elements missing labels.
    --  Frame elements missing titles and names.
    

    MadCap Analyzer 4.0 also features a new File Issues viewer, mark-up suggestions, scan options, scanning optimization, an XML validator, and new and improved reports and window panes.

    Availability and Pricing

    MadCap Flare 7.0, MadCap Analyzer 4.0, and MadCap Contributor are available today, separately and as part of MadPak and MadPak ML (Multilingual). Standalone per-license pricing is $999 for Flare 7.0, $299 for Analyzer 4.0, and $249 for Contributor. MadPak, at $1,399 per license, includes Flare 7.0, MadCap Analyzer 4.0, MadCap Contributor, MadCap Mimic 5.0, and MadCap Capture 5.0. MadPak ML, priced at $1,699 per license, features all of the products in MadPak plus the MadCap Lingo. Maintenance (support and subscription) fees start at $199 per year for the Bronze Level, $299 for the Gold Level, and $499 for the Platinum Level. Discounts for multiyear maintenance contracts are also available.

    About MadCap Software

    MadCap Software, Inc. is a leading technical communication software firm specializing in integrated applications for end-to-end content development, delivery and management. MadCap's software products provide state-of-the-art content workflow solutions for multi-channel publishing, including the Web, print, desktop and mobile. Through its strategic partner Microsoft Corp. , MadCap delivers solutions optimized for Microsoft Windows, Visual Studio, and the .NET environment. Headquartered in La Jolla, CA, MadCap is home to some of the most experienced software architects and product experts in the documentation industry. Learn more about MadCap Software at www.madcapsoftware.com.

    MadCap Software, the MadCap Software logo, MadPak, MadPak ML, MadCap Flare, MadCap Mimic, MadCap Capture, MadCap Lingo, MadCap Analyzer, MadCap Contributor, and MadCap X-Edit are trademarks or registered trademarks of MadCap Software, Inc., in the United States and/or other countries. Other marks are the properties of their respective owners.

    PR Contact: Rebecca Hurst Kinetic.PR for MadCap Software rebecca@kineticprllc.com 650-679-9282

    MadCap Software, Inc.

    CONTACT: Rebecca Hurst of Kinetic.PR, +1-650-679-9282,
    rebecca@kineticprllc.com, for MadCap Software

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




    New MadCap Flare 7.0 Signals Latest Step Toward Extinction of Print-only Publishing Software With Added Mobile, Web and Print FeaturesFlare 7.0 Extends Mobile Documentation Leadership as First Authoring Tool to Support QR Code; Also Integrates with SharePoint and Subversion Version Control, Supports Government Accessibility Standards, and Provides Vector and Equation Authoring and Publishing

    LA JOLLA, Calif., March 1, 2011 /PRNewswire/ -- MadCap Software, Inc., the leader in multi-channel content authoring and a showcase company for Microsoft Visual Studio and Microsoft XPS, today announced the launch of MadCap Flare 7.0. Version 7.0 is the newest release of MadCap's XML-based Flare application, the industry's only multi-channel software application for natively publishing documentation to the Web, mobile devices, desktops and print.

    MadCap Flare 7.0 expands its leadership in mobile-accessible documentation with another industry first--support for creating and publishing Quick Response (QR) codes in printed documents, which mobile devices can then scan to access searchable, interactive content on the Web. Also new in Flare 7.0 are direct integration with Microsoft SharePoint and Apache Subversion, enhanced support for government accessibility standards, support for vector graphics, and new features for equation editing and publishing.

    With the release of Flare 7.0, MadCap will cease producing MadCap Blaze, the XML-based alternative to Adobe FrameMaker for long print documents. Current MadCap Blaze customers will be provided an upgrade to MadCap Flare, which features all of Blaze's print functionality plus the ability to publish mobile, Web and desktop content all from a single tool.

    "The move to focus on MadCap Flare reflects the natural evolution that we are seeing as more technical writing, customer service, call center, and human resource departments turn away from print-only authoring tools such as Blaze and Adobe FrameMaker and toward more modern, all-in-one applications that can publish to multiple channels," said Anthony Olivier, MadCap founder and CEO. "Already, the vast majority of our customers who first evaluate MadCap Blaze as a modern alternative to FrameMaker quickly decide to purchase MadCap Flare instead. These customers recognize the strategic value of letting readers choose the way they receive content, whether it's in print, on the Web, on desktops, or on their mobile devices."

    In conjunction with Flare 7.0, MadCap also is launching the newest versions of its MadPak and MadPak ML (Multilingual) technical communications suites. In addition to Flare 7.0, the MadPak suite now features MadCap Analyzer 4.0 for analyzing and improving documentation and MadCap Contributor (formerly X-Edit) for collaborative authoring and reviewing--which also launched today--as well as MadCap Mimic 5.0 for publishing software simulation movies, video and audio; and MadCap Capture 5.0 for image capture and graphics editing. MadPak ML offers all the products in MadPak plus the MadCap Lingo translation environment tool (TeNT). For more information, see the press release on MadPak and MadPak ML also dated March 1, 2011.

    MadCap Flare Delivers Latest Industry First in Mobile Output

    With Version 7.0, MadCap Flare becomes the first authoring tool to include a built-in QR code generator that lets writers insert QR codes into content files. In doing so, MadCap extends its leadership in mobile publishing and bridges the gap between static print documentation and searchable, mobile content.

    Authors use the XML Editor in MadCap Flare to quickly and easily add QR codes. These codes can be read by the many different barcode readers on the market, as well as most mobile devices, which either come with pre-installed barcode readers or have access to free barcode readers for download. The author can encode any data in the QR code, such as a website URL, an email address, access to a tutorial, contact information, or short message service (SMS) for sending text messages.

    In addition to significantly reducing print costs, there are a number of benefits to both users and authors for including QR codes in print materials:

    --  Printing quick start guides or user manuals, which feature a QR code at
    the bottom of each page or topic that takes users to a website for more
    detailed, interactive and searchable information.
    --  Printing a QR code on a document that takes users straight to a website
    where they can purchase items, such as spare parts, software, or
    accessories.
    --  Allowing users in the field to access the product Help system or support
    on the Web by scanning a QR code.
    --  Producing a procedures manual with QR codes that, when scanned, opens
    movies or videos showing the steps in action.
    --  Enabling readers to scan the QR code in a PDF manual in order to link
    directly to specific pages on the company's website or directly to the
    entire online version of the document for complete mobile access.
    

    The new QR code support in Flare 7.0 builds on the mobile publishing support that MadCap first introduced in 2010. Flare is the only authoring software that allows for native, intuitive publishing of any documentation to mobile devices. Its completely platform-independent mobile functionality means it doesn't matter whether the output goes to an iPhone, a device running Windows Mobile or Android, or another mobile platform. The Web-based XHTML output is optimized to squeeze every bit of performance out of low-bandwidth connections. Additionally, a built-in mobile simulator lets authors test mobile output on their PCs if they don't have access to the actual devices.

    "The growing popularity of smart phones, tablets and other mobile devices is creating opportunities for companies to compete by offering a new level of interactivity in the content that they provide customers, employees and partners," said Mike Hamilton, MadCap vice president of product evangelism. "At the same time, more businesses are recognizing the limitations of print documents, particularly when compared with online searchable content that employs hyperlinks, URLs and video tutorials to give users access to more information. With the addition of QR codes, authors can now transform their print documentation into a gateway through which mobile devices provide users access to more relevant, actionable and up-to-date content wherever and whenever they need it."

    Flare 7.0 Accessibility Enhancements

    With Flare 7.0, PDF and WebHelp outputs have been improved to make documentation more accessible to users who have visual and hearing impairments, and comply with standards such as Section 508 of the US Rehabilitation Act and the Web Content Accessibility Guidelines (WCAG). Flare 7.0 automatically generates WebHelp runtime output and navigation that adheres with item 1194.22 of the Section 508 specification. It supports any of the WebHelp formats, including WebHelp, WebHelp Plus, WebHelp AIR, and WebHelp Mobile.

    Additionally, a new Warnings tab in the Flare Target Editor for WebHelp output gives authors the option to receive compiler warnings when output fails to include information that makes it accessible. Warnings include image elements, equation elements, or QR code elements that are missing alternate text; tables that are missing captions and summaries, or are missing header rows; form elements that are missing labels; and frame elements that are missing titles and names.

    Accessibility for PDF output has been enhanced in four ways. For images, HTML alternate text ("alt") attributes are converted to the PDF equivalent during compilation so that screen readers have a way to describe the image. Language for content XML "lang" attributes are automatically converted to the PDF equivalent during compilation. Authors can now use the Target Editor to generate a tagged PDF, which is necessary for certain accessibility applications, including screen readers. The Target Editor also provides accessibility warnings when PDF output is not in compliance with government requirements.

    "I generate many PDF files from my Flare projects and they must all be tagged with accessibility tags so they can be used with assistive reading devices," says Lorraine Kupka, a principal at NorthCoast Writers, Inc. and author of Five Steps to MadCap Flare. "The new feature in Flare 7.0 that automatically creates these tags will save me lots of time when I need it most--when I'm in crunch mode trying to get everything delivered on time."

    "Flare is already the best information development tool out there, and now it's the leader of the pack in accessibility," said Eddie VanArsdall, founder of VanArsdall InfoDesign. "Each new version of Flare has shown that MadCap understands its users, and Flare 7.0 is no exception. Packed with impressive new features and enhancements, it provides full support for information development teams and their workflows."

    Flare 7.0 Improves Collaboration via SharePoint and Subversion

    Flare 7.0 expands team collaboration support to include integration with Microsoft SharePoint, the widely adopted solution for collaborating, sharing files, and publishing information to the Web. Now Flare users can connect to SharePoint servers within their organizations in order to access and edit SharePoint files from within any Flare project. Additionally, Flare 7.0 provides native support for Apache Subversion to facilitate version control among authors who collaborate on content. With Flare, authors no longer need a third-party plug-in to take advantage of one of the industry's most widely used source control solutions.

    Collaboration also is enhanced by the new review workflow in Flare 7.0, which includes new track changes functionality in which each change is marked in a different color for each user and/or is labeled in a sidebar. Now authors can track changes made to content files edited in the XML Editor and accept or reject those alternations individually or as an entire group. Additionally, the track changes feature is automatically enabled when authors send documentation out to reviewers who use MadCap Contributor, the companion product to Flare for contributing and editing content. When the reviewers' edits come back, Flare authors can see exactly what changes occurred and then pick which ones to accept or reject.

    "With Flare 7.0, there is something for everyone. By supporting SharePoint and Subversion, along with Microsoft Team Foundation Server, MadCap Flare addresses the needs of very small to global-scale companies," said Ed Marshall, founder of Marshall Documentation Consulting. "Additionally, Flare 7.0 provides so many reports that it covers the broad spectrum of companies' technical communication needs."

    Flare 7.0 Adds Equation and Vector Graphics Support

    Flare 7.0 now includes a built-in Equation Editor that supports the Mathematical Markup Language (MathML) for describing mathematical notations in XML, which is recommended by the World Wide Web Consortium (W3C). The Equation Editor lets authors create, edit and embed virtually any kind of mathematical equation in the XML Editor. When generating output, Flare automatically converts equations to the appropriate format, such as vector graphics for PDFs and raster images (such as PNG files) for desktop, Web or mobile content.

    Flare 7 also considerably enhances print output with its support for three types of vector image files in PDF output: EPS, PS and SVG. This produces a much crisper image in print documents, maintaining clarity even when the graphic size is reduced.

    "With change tracking and enhanced table functionality among its many new features, we see Flare 7.0 as further vindication of our decision to migrate from Adobe FrameMaker," said Adrian Morse, Picis, Inc. documentation manager.

    "The new table functionality is incredible. I absolutely love the new freedom Flare 7.0 gives me to change, merge, separate and convert tables! Finally, I can convert legacy tables to text where I need to," says Diana Beebe, senior technical writer. "With the interface improvements in Flare 7.0, it just keeps getting better and better. I cringe at the thought of having to use a different authoring tool!"

    Availability and Pricing

    MadCap Flare 7.0 is available today, separately and as part of MadPak and MadPak ML (Multilingual). A standalone Flare 7.0 license is priced at $999. MadPak, at $1,399 per license, includes Flare 7.0, MadCap Analyzer 4.0, MadCap Contributor, MadCap Mimic 5.0, and MadCap Capture 5.0. MadPak ML, priced at $1,699 per license, features all of the products in MadPak plus MadCap Lingo. Maintenance (support and subscription) fees start at $199 per year for the Bronze Level, $299 for the Gold Level, and $499 for the Platinum Level. Discounts for multiyear maintenance contracts are also available.

    About MadCap SoftwareMadCap Software, Inc. is a leading technical communication software firm specializing in integrated applications for end-to-end content development, delivery and management. MadCap's software products provide state-of-the-art content workflow solutions for multi-channel publishing, including the Web, print, desktop and mobile. Through its strategic partner Microsoft Corp. , MadCap delivers solutions optimized for Microsoft Windows, Visual Studio, and the .NET environment. Headquartered in La Jolla, CA, MadCap is home to some of the most experienced software architects and product experts in the documentation industry. Learn more about MadCap Software at www.madcapsoftware.com.

    MadCap Software, the MadCap Software logo, MadPak, MadPak ML, MadCap Blaze, MadCap Flare, MadCap Mimic, MadCap Capture, MadCap Lingo, MadCap Analyzer, MadCap Contributor, and MadCap X-Edit are trademarks or registered trademarks of MadCap Software, Inc., in the United States and/or other countries. Other marks are the properties of their respective owners.

    PR Contact: Rebecca Hurst Kinetic.PR for MadCap Software rebecca@kineticprllc.com 650-679-9282

    MadCap Software, Inc.

    CONTACT: Rebecca Hurst of Kinetic.PR, +1-650-679-9282,
    rebecca@kineticprllc.com, for MadCap Software

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




    Bonds.com Secures an Additional $6.5 Million FinancingBrings Total Raise to $10 Million

    NEW YORK, March 1, 2011 /PRNewswire/ -- Bonds.com Group, Inc. announced today that on February 2, 2011 it entered into an agreement with Oak Investment Partners ("Oak") and GFINet Inc., an affiliate of GFI Group Inc. ("GFI"), for a $6.5 million investment in Bonds.com Group, Inc. ('Bonds.com"). Oak is a venture capital firm specializing in global technologies. GFI is a leading provider of wholesale brokerage, clearing services, electronic execution and trading support products, providing services to institutional clients for a range of fixed income, equity, commodity and financial products.

    H. Eugene Lockhart, Venture Partner at Oak and Patricia Kemp, Director-FinTech at Oak have been named to the Board of Directors of Bonds.com.

    With a previous strategic investment from existing investor UBS Americas, Inc., and additional capital raised from individual investors, the agreement brings the total raise by Bonds.com in this financing to $10 million.

    Additionally, in connection with this agreement, Bonds.com acquired substantially all of the assets of Beacon Capital Strategies, Inc. Beacon provides an electronic trading platform for execution of mortgage and asset backed fixed income instruments.

    These transactions are the first in a series of anticipated strategic moves to expand the firm's market position. Bonds.com is an ATS which provides professional fixed income traders with a platform to interact directly and execute small size in 35,000 fixed income securities from 175 liquidity providers. Bonds.com is the only electronic system that posts live, negotiable orders on a single bond or list basis, and permits price negotiation. Bonds.com remains neutral, acting solely as agent, and all activity is transparent to clients.

    Michael Sanderson, CEO of Bonds.com said: "We are convinced that today's bond market will benefit by giving professional traders liquidity and prices to execute small size orders electronically. We are providing fixed income professional traders with the capability to execute in a neutral environment in a timely and cost effective manner. The investment by Oak and GFI reflects their confidence in our model and approach, and we are gratified by their participation. We will continue expanding our presence and products, and growing our market share."

    George O'Krepkie, President of Bonds.com said: "With this additional capital, Bonds.com is poised to deliver to professional bond traders our truly innovative alternative to traditional trading. It also establishes a firm foundation on which to build both across asset classes and regionally - both of which are critical to our clients in today's complex global environment."

    Patricia Kemp, Director-FinTech of Oak said: "Oak is committed to providing technology based financial services firms with the resources they need for 'next stage' growth. Bonds.com provides an innovative approach for professional bond traders to access unique liquidity and execute trades in a cost effective manner. Taken together with the addition of Beacon, which provides for execution of less liquid trades as well, we expect that the platform is positioned to operate competitively and to pursue its growth objectives."

    Michael Gooch, GFI Group Chairman and CEO said: "GFI is a leader in introducing trading technology to over the counter markets. We see the Bonds.com platform as a compelling execution model for fixed income products, and we are pleased to add Bonds.com to our portfolio of investments in a range of electronic trading, software analytics and market data providers."

    Those interested in learning more about these recent transactions should refer to our Current Report on Form 8-K filed on February 8, 2011, which contains important additional information.

    About Oak Investment Partners

    Oak Investment Partners is a multi-stage venture capital firm. The primary investment focus is on high growth opportunities in Broadband Internet and Wireless Communications, Information Technology and Software Outsourced Services, Consumer Internet/New Media, Financial Services Technology, Healthcare Information and Services, Clean Energy, and Retail. Over a 33-year history, Oak has achieved a strong track record as a stage-independent investor funding more than 495 companies at key points in their lifecycle. Oak has been involved in the formation of companies, funded spinouts of operating divisions and technology assets, and provided growth equity to mid- and late-stage private businesses and to public companies through PIPE investments.

    Oak has helped innovators exploit new business opportunities and anticipate trends through long-term relationships that endure the changing economic landscape. Oak's accomplishments can be best recognized through the success of their companies and the ability to deliver consistent performance over time.

    About GFI Group Inc.

    GFI Group Inc. is a leading provider of wholesale brokerage, clearing services, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of fixed income, financial, equity and commodity instruments.

    Headquartered in New York, GFI was founded in 1987 and employs more than 1,900 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Bogota, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,400 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(SM), GFInet(R), CreditMatch(R), GFI ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), Trayport(R) and Kyte(R).

    About Bonds.com Group, Inc.

    Bonds.com Group, Inc., through its subsidiary Bonds.com, Inc., serves institutional fixed income investors by providing a comprehensive zero subscription fee online trading platforms.

    The Company provides an inventory of over 35,000 Fixed Income securities from more than 175 liquidity providers. Asset classes currently offered include corporate bonds, emerging market debt, and mortgage and asset backed bonds.

    Forward-Looking Statements

    The statements made in this press release which are not historical facts are 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, without limitation, statements regarding anticipated moves to expand the firm's market position, our future ability to operate competitively and pursue growth objectives and our future performance. Such forward-looking statements may be prefaced by words such as "anticipated," "expect" and words with similar meanings. As a result of a number of factors, actual results could differ materially from those set forth in the forward-looking statements. Certain factors that might cause our actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions and the risks set forth in our Annual Report on Form 10-K for the year ended December 31, 2009 and in our other filings with the U.S. Securities and Exchange Commission from time to time. The company 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.

    Member FINRA/SIPC/MSRB

    Bonds.com Group, Inc.

    CONTACT: Terrence Mulry of Mulry Consulting LLC, +1-201-891-1853,
    tmulry@att.net

    Web site: http://bonds.com/




    Visa Inc. Completes Acquisition of PlaySpan Inc.

    SAN FRANCISCO, March 1, 2011 /PRNewswire/ -- Visa Inc. announced today that it has completed its acquisition of PlaySpan Inc., a privately held company whose payments platform handles transactions for digital goods in online games, digital media and social networks around the world.

    This move complements Visa's 2010 CyberSource acquisition and extends the company's capabilities into one of the fastest-growing segments of eCommerce - digital and mobile commerce.

    About Visa

    Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world's most advanced processing networks--VisaNet--that is capable of handling more than 20,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by the term "expected" and similar references to the future. Examples of such forward-looking statements include, but are not limited to, the timing of the completion of the acquisition and its prospective dilutive effect on Visa's earnings per share. By their nature, forward-looking statements: (i) speak only as of the date they are made, (ii) are neither statements of historical fact nor guarantees of future performance and (iii) are subject to risks, uncertainties, assumptions and changes in circumstances that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from those forward-looking statements because of a variety of factors, including the pace of regulatory approval, the risk that the new business will not be successfully integrated with Visa's, the costs associated with the acquisition, slowed growth of eCommerce and the other factors discussed under the heading "Risk Factors" in our most recent Annual Report on Form 10-K and our most recent Quarterly Report on Form 10-Q. You should not place undue reliance on such statements. Unless required to do so by law, we do not intend to update or revise any forward-looking statement because of new information or future developments or otherwise.

    Visa Inc.

    CONTACT: Investor Relations: Jack Carsky or Victoria Hyde-Dunn,
    +1-415-932-2213, ir@visa.com; Media Relations: Will Valentine,
    +1-415-932-2564, globalmedia@visa.com

    Web site: http://www.corporate.visa.com/




    EarthLink to Present at Deutsche Bank 2011 Media & Telecom Conference

    ATLANTA, March 1, 2011 /PRNewswire/ -- EarthLink , a leading IP infrastructure and services company, today announced that it will present at the 19th Annual Media & Telecommunications Conference hosted by Deutsche Bank Securities on Tuesday, March 8, 2011 in Palm Beach, FL. EarthLink Chairman and Chief Executive Officer Rolla P. Huff will speak at the event at 4:50 p.m. Eastern Time.

    A live audio webcast of the presentation will be available at:

    http://ir.earthlink.net/events.cfm

    Please note that participants will need to register in order to access the Webcast.

    About EarthLink

    EarthLink, Inc. is a leading provider of Internet Protocol (IP) infrastructure and services to medium-sized and large businesses, enterprise organizations and over 1.5 million consumers across the United States. The company has been providing Internet access and communications services for decades and has earned an award-winning reputation for both outstanding customer service and product innovation. For consumers, EarthLink is a leading Internet Service Provider connecting people to the power and possibilities of the Internet. EarthLink Business(TM) provides voice, data, mobile and equipment services over a Southeast fiber network and MPLS-based services nationwide. For more information, visit EarthLink's website www.earthlink.net.

    EarthLink

    CONTACT: Investors: Louis Alterman, +1-404-748-7650, +1-678-472-3252
    (mobile), altermanlo@corp.earthlink.net; Media: Michele Sadwick,
    +1-404-748-7255, +1-404-769-8421 (mobile), sadwick@corp.earthlink.net

    Web site: http://www.earthlink.net/




    Bouygues: Full-year 2010 Results

    PARIS, March 1, 2011 /PRNewswire/ --

    - Strong Commercial Performance Across the Group - Stable Sales: EUR31.2 Billion - Current Operating Profit: EUR1.8 Billion (-5%) - Net Profit: EUR1.1 Billion (-19%) - Very Sound Financial Structure With an Improvement in net Gearing - Stable Dividend: EUR1.60

    Sales were stable in relation to 2009 at EUR31.2 billion (down 3% like-for-like and at constant exchange rates). Current operating profit amounted to EUR1.8 billion, a drop of 5%. All business areas except Colas posted good operating results. Net profit of EUR1.1 billion, down 19%, includes a provision of EUR66 million (Bouygues' share) for the restructuring plan announced by Alstom in October 2010. The financial structure is very sound, with a 5-point improvement in net gearing to 23% and a high level of free cash flow at EUR1 billion.

    Key figures

    2009 2010 Change (EUR million) Sales 31,353 31,225 = Current operating profit 1,855 1,760 -5% Operating profit 1,855 1,791(1) -3% Net profit attributable to the 1,319 1,071 -19% Group Free cash flow 1,329 1,009 -24% Net debt(2) 2,704 2,473 -EUR231m Net gearing(2) 28% 23% -5 pts

    (1) Including +EUR31 million of other operating income and expenses, or +EUR83 million at TF1 and -EUR52 million at Colas

    (2) End of period

    Business areas

    Bouygues Construction posted a solid operating performance. Sales amounted to EUR9,235 million, an overall drop of 3%, or 5% in France and 1% internationally. The operating margin remained stable on 2009 at 3.4%. Net profit fell 16% to EUR201 million due to lower interest rates and a higher tax charge.

    Commercial results were excellent, especially on international markets. In 2010, order intakes rose 16% to EUR10.9 billion, while the order book at end-December 2010 reached a record high of EUR14.2 billion, up 18% on end-December 2009. 55% of projects in the order book are located outside France and 31% in emerging countries.

    Bouygues Immobilier's results show a successful adaptation to market conditions. Sales amounted to EUR2,418 million, a decrease of 19% (down 7% in residential property and 48% in commercial property) and exceeded the initial target set in March 2010 by EUR300 million due to the record level of housing reservations and notarised deeds of sale in 2010. The operating margin jumped by 1.6 points to 8.4% thanks to the restoration of margins in the residential property segment. Net profit remained virtually stable at EUR108 million, 2% lower than in 2009.

    Bouygues Immobilier consolidated its leading position on the French residential property market, taking a record 13,734 reservations, an increase of 28%. The low level of commercial property reservations reflect a market at a cyclical low. Overall, reservations rose 27% to EUR2,477 million. Boosted by housing reservations, the order book at 31 December 2010 was up 5% at EUR2,280 million.

    Colas reported results in line with the expectations issued on 31 August 2010. Sales rose 1% to EUR11,661 million, down 1% in France and up 2% internationally. Like-for-like and at constant exchange rates, sales were down 3%. The current operating margin fell 1.6 points compared with 2009 to 3.1%, mainly due to deteriorating conditions in Central Europe. Operating profit fell 42% to EUR313 million, a figure which includes non-current items relating to charges for former competition-related matters and write-downs of goodwill in Central Europe. Net profit attributable to the Group amounted to EUR224 million, a drop of 42%. Colas entered 2011 with a substantial order book, worth EUR6.1 billion, and should gradually improve its profitability following the implementation of an action plan in 2010.

    TF1 recovered in 2010 as the result of a strategy that is bearing fruit. Sales rose 11% to EUR2,622 million, driven by a pick-up in advertising spend on the TF1 channel (up 8%) and by other activities (up 15%). TF1 continued to adapt its business model and cut costs, achieving recurring savings of EUR32 million in 2010 to give total savings of EUR138 million since 2008. The current operating margin rose 4.5 points as a result. Operating profit stood at EUR313 million. This figure includes non-current income of EUR83 million, mainly generated by the remeasurement of previously-held equity interests following the takeover of TMC and NT1. Net profit attributable to the Group doubled to EUR228 million.

    Bouygues Telecom continued its growth strategy in 2010. Total sales rose 5% to EUR5,636 million and sales from network were up 4% at EUR5,060 million. Stripping out the impact of the cut in voice and SMS call termination rates, sales from network would have risen 14%. Bouygues Telecom was able to offset the effect of reduced call termination rate differentials and higher taxes, with EBITDA rising 2% to EUR1,367 million. Net profit fell 6% to EUR444 million, reflecting higher amortisation charges mainly linked to commercial success in the fixed broadband business.

    842,000 new mobile contract customers joined Bouygues Telecom in 2010, representing 23% of net market growth(1). Bouygues Telecom had a total of 11,084,000 customers at 31 December 2010, 79% of them on a call plan, up 2.5 points over one year.

    Strong growth continued in the fixed broadband business, with 154,000 new customers(2) signing up in the fourth quarter of 2010 and 494,000 over the year as a whole. Bouygues Telecom had 808,000 fixed broadband customers at 31 December 2010.

    (1) Arcep data

    (2) The number of fixed broadband customers includes xDSL and cable subscriptions

    Alstom

    Alstom contributed EUR235 million to Bouygues' net profit, down 32%. The figure includes a provision of EUR66 million (Bouygues' share) for the restructuring plan announced in October 2010. Alstom's commercial performance rebounded in the third quarter of FY2010/2011 as order intakes reached their highest level since the first quarter of FY2009/2010. Alstom is strengthening its presence in emerging markets, which accounted for 60% of orders in the third quarter, and has confirmed an operating margin target of between 7% and 8% for FY2010/2011 and FY2011/2012.

    Financial situation

    Cash flow of EUR3.2 billion (down 5%) reflects the fall in current operating profit. As expected net capital expenditure increased, rising 12% to EUR1.4 billion. Free cash flow remained high at EUR1 billion.

    The Group had net debt of EUR2.5 billion at year-end, EUR231 million less than at end-December 2009. Net gearing improved five points to 23%.

    Bouygues is rated A- with stable outlook by Standard & Poor's, a rating unchanged since 2001.

    The Group bought back 4.8 million Bouygues shares in 2010 at a total cost of EUR155 million.

    Dividend

    The Board of Directors will ask the Annual General Meeting on 21 April 2011 to approve the payment of a dividend of EUR1.60 per share, stable on 2009. The ex-date, record date and payment date have been set at 29 April, 3 May and 4 May 2011 respectively.

    Board of Directors

    The Board of Directors will ask the next Annual General Meeting to renew the terms of office of Patricia Barbizet, Hervé Le Bouc, Helman le Pas de Sécheval and Nonce Paolini.

    Outlook

    The order book at end-2010 and market prospects enable Bouygues to set a 2011 sales target of EUR31.7 billion, up 2%.

    Sales by business 2010 2011 % area target change (EUR million) Bouygues 9,235 9,400 +2% Construction Bouygues Immobilier 2,418 2,440 +1% Colas 11,661 11,800 +1% TF1 2,622 2,630 = Bouygues Telecom 5,636 5,730 +2% Holding company and 132 120 ns other Intra-Group (479) (420) ns elimination TOTAL 31,225 31,700 +2% o/w France 21,506 22,000 +2% o/w international 9,719 9,700 =

    Remuneration of executive directors

    In accordance with Afep/Medef recommendations, information on the remuneration of executive directors and the grant of stock options will be published today on http://www.bouygues.com, under Finance/Shareholders, Regulated information.

    Financial calendar: 16 May 2011: first-quarter 2011 sales and earnings (5.45pm CET) 30 August 2011: first-half 2011 results (5.45pm CET) 31 August 2011: first-half 2011 results presentation

    The financial statements have been audited and the statutory auditors have issued a report certifying them without reserve.

    Find the full financial statements and notes to the financial statements on http://www.bouygues.com.

    The full-year 2010 results presentation to financial analysts will be webcast live on 2 March 2011 at 11am (CET) on http://www.bouygues.com.

    2009 2010 % change Condensed consolidated income statement (EUR million) Sales 31,353 31,225 = Current operating profit 1,855 1,760 -5% Other operating income and 0 311 ns expenses Operating profit 1,855 1,791 -3% Cost of net debt (344) (330) -4% Other financial income and 25 6 ns expenses Income tax expense (487) (482) -1% Share of profits and losses from 393 278 -29% associates Net profit from continuing 1,442 1,263 -12% operations Net profit from discontinued or 14 0 ns held-for-sale operations Net profit 1,456 1,263 -13% Minority interests (137) (192) +40% Net profit attributable to the 1,319 1,071 -19% Group

    1Other operating income and expenses include:

    - TF1: non-current income of EUR83 million mainly generated by the remeasurement of the previously-held equity interests following the takeover of TMC and NT1 - Colas: non-current items of -EUR52 million mainly relating to charges for former competition-related matters and write-downs of goodwill in Central Europe

    Fourth-quarter consolidated Fourth-quarter % income statement change (EUR million) 2009 2010 Sales 8,185 8,158 = Current operating profit 394 432 +10% Operating profit 394 393(1) = Net profit attributable to the 295 148 -50% Group

    (1) Including -EUR39 million of other operating income and expenses, or -EUR13 million at TF1 and -EUR26 million at Colas

    End-2009 End-2010 Condensed consolidated balance sheet (EUR million) Non-current assets 17,700 18,620 Current assets 16,235 16,966 TOTAL ASSETS 33,935 35,586 Shareholders' equity 9,726 10,607 Non-current liabilities 8,250 8,732 Current liabilities 15,959 16,247 TOTAL LIABILITIES 33,935 35,586 Net debt 2,704 2,473

    2009 2010 % change Sales % change by business area like-for-like and at (EUR million) constant exchange rates Bouygues Construction 9,546 9,235 -3% -5% Bouygues Immobilier 2,989 2,418 -19% -20% Colas 11,581 11,661 +1% -3% TF1 2,365 2,622 +11% +9% Bouygues Telecom 5,368 5,636 +5% +5% Holding company and 134 132 ns ns other Intra-Group (630) (479) ns ns elimination Total 31,353 31,225 = -3% o/w France 21,678 21,506 -1% -2% o/w international 9,675 9,719 = -5%

    2009 2010 Contribution of business areas % to change EBITDA (EUR million) Bouygues Construction 746 606 -19% Bouygues Immobilier 269 184 -32% Colas 1,109 894 -19% TF1 194 319 +64% Bouygues Telecom 1,344 1,367 +2% Holding company and other (46) (40) ns TOTAL 3,616 3,330 -8%

    2009 2010 Contribution of business areas % to change Current operating profit (EUR million) Bouygues Construction 335 315 -6% Bouygues Immobilier 203 204 = Colas 541 365 -33% TF1 101 230 x2 Bouygues Telecom 730 692 -5% Holding company and other (55) (46) ns TOTAL 1,855 1,760 -5%

    2009 2010 % change Contribution of business areas to Operating profit (EUR million) Bouygues Construction 335 315 -6% Bouygues Immobilier 203 204 = Colas 541 313 -42% TF1 101 313 x3 Bouygues Telecom 730 692 -5% Holding company and other (55) (46) ns TOTAL 1,855 1,791 -3%

    2009 2010 Contribution of business areas % to change Net profit attributable to the Group (EUR million) Bouygues Construction 240 201 -16% Bouygues Immobilier 110 108 -2% Colas 374 216 -42% TF1 49 98 x2 Bouygues Telecom 422 397 -6% Alstom 346 235 -32% Holding company and other (222) (184) ns TOTAL 1,319 1,071 -19%

    End-2009 End-2010 Net cash by business area Change (EUR million) (EUR million) Bouygues Construction 3,285 2,856 -EUR429m Bouygues Immobilier 146 376 +EUR230m Colas 116 (57) -EUR173m TF1 73 17 -EUR56m Bouygues Telecom (294) (170) +EUR124m Holding company and other (6,030) (5,495) +EUR535m TOTAL (2,704) (2,473) +EUR231m

    2009 2010 Contribution of business areas to Change Cash flow (EUR (EUR million) million) Bouygues Construction 569 509 -EUR60m Bouygues Immobilier 181 195 +EUR14m Colas 1,066 814 -EUR252m TF1 186 297 +EUR111m Bouygues Telecom 1,340 1,327 -EUR13m Holding company and other 88 102 +EUR14m TOTAL 3,430 3,244 -EUR186m

    2009 2010 Contribution of business areas to Change Net capital expenditure (EUR million) (EUR million) Bouygues Construction 142 221 +EUR79m Bouygues Immobilier 6 4 -EUR2m Colas 362 474 +EUR112m TF1 70 43 -EUR27m Bouygues Telecom 683 680 -EUR3m Holding company and other 7 1 -EUR6m TOTAL 1,270 1,423 +EUR153m

    Bouygues

    CONTACT: Press contact: +33(0)1-44-20-12-01 - presse@bouygues.com;
    Investors & analysts contact: +33(0)1-44-20-10-79 - investors@bouygues.com

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