MELA Sciences (MELA) Files MelaFind(R) PMA Amendment With U.S. Food and Drug Administration

IRVINGTON, NY — (Marketwire) — 03/02/11 — MELA Sciences (NASDAQ: MELA) today announced that the company has filed an amendment to the MelaFind® pre-market approval (PMA) application with the U.S. Food and Drug Administration (FDA), limiting the indication for use to dermatologists.

“We have clarified the intended use of MelaFind to dermatologists as a response to public statements made by several dermatologists sitting on the November 18, 2010 MelaFind FDA review panel,” said Joseph Gulfo, MD, President and CEO, MELA Sciences. “We look forward to working with the Agency to move the MelaFind PMA application forward. On a parallel track, we are seeking to obtain a CE Mark for MelaFind from European regulatory authorities and hope to receive it in the second half of this year.”

The company also announced that it was recently issued a patent protecting its methods associated with the quantitative and objective analysis of the traditional “ABCD” skin characteristics. Asymmetry, Border irregularity, Color and Diameter are four characteristics used to identify lesions that require further evaluation by physicians to rule out melanoma.

Separately, in connection with preparing the company’s proxy materials, board member Charlie Stiefel advised the company that, for personal reasons, he would not seek reelection to the board in 2011 and tendered his resignation from the board. “We would like to extend our gratitude to Charlie for his service. We sincerely appreciate his counsel and contributions to our organization,” added Dr. Gulfo.

About MELA Sciences

MELA Sciences is a medical technology company focused on developing MelaFind®. MelaFind® is a non-invasive and objective multi-spectral computer vision system designed to aid physicians in the detection of early melanoma from among clinically atypical (those having one or more clinical or historical characteristics of melanoma, such as asymmetry, border irregularity, color variegation, diameter greater than 6 millimeters, evolving, patient concern, regression, and ugly duckling) cutaneous pigmented lesions that are non-ulcerated, not bleeding, and less than 2.2 centimeters in diameter, when a physician chooses to obtain additional information before making a final decision to biopsy to rule out melanoma.

The MelaFind® Pre-Market Approval (PMA) application was filed with the U.S. Food and Drug Administration (FDA) in June 2009, received positive FDA Advisory Panel recommendations in November 2010 and is currently under review at the FDA. MELA Sciences cannot predict either the timing of the FDA’s decision on the PMA application or the outcome. FDA approval is required prior to marketing MelaFind® in the United States.

For more information on MELA Sciences, visit www.melasciences.com.

Safe Harbor

This press release includes “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. These statements include but are not limited to our plans, objectives, expectations and intentions and other statements that contain words such as “expects,” “contemplates,” “anticipates,” “plans,” “intends,” “believes” and variations of such words or similar expressions that predict or indicate future events or trends, or that do not relate to historical matters. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. There can be no assurance that our beliefs or expectations will be achieved. Actual results may differ materially from our beliefs or expectations due to economic, business, competitive, market and regulatory factors.

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For further information contact:

For Investors:
David Carey
Lazar Partners, Ltd.
646-871-8485

For Media:
Hollister Hovey
Lazar Partners, Ltd.
646-871-8485

Consumer Portfolio Services (CPS) Announces New $100 Million Credit Facility

IRVINE, Calif., March 2, 2011 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq:CPSS) (“CPS” or the “Company”) today announced that on February 24, 2011 it entered into a $100 million two-year warehouse credit line with UBS Real Estate Securities Inc. Loans under the facility will be secured by automobile receivables that CPS now holds or will purchase from dealers. The facility revolves during the first year and amortizes during the second year.

“This transaction brings our total warehouse capacity to $200 million,” said Charles E. Bradley, Jr., President and Chief Executive Officer. “With our expected return to the term securitization market in the next few months, we are well positioned to meet our contract funding needs.”

About Consumer Portfolio Services, Inc.

Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives.

CONTACT:  Investor Relations Contact
          Robert E. Riedl, Chief Investment Officer
          949 753-6800

Edgewater (EDGW) Releases Preliminary 2010 Financial Results

WAKEFIELD, Mass., March 2, 2011 (GLOBE NEWSWIRE) — Edgewater Technology, Inc. (Nasdaq:EDGW) (www.edgewater.com, “Edgewater” or the “Company”), a consulting firm that brings a synergistic blend of specialty services to its clients in the areas of business advisory, analytics, data management and technology, today announced financial results for its fourth quarter and fiscal year ended December 31, 2010, which results are preliminary and subject to a final review as it relates to software product revenue recognition.

Fourth Quarter Results

Preliminary financial results and utilization for the quarter ended December 31, 2010:

• Total revenue increased 107% to $23.5 million compared to $11.4 million in the fourth quarter of 2009;
• Service revenue increased 65% to $17.7 million compared to service revenue of $10.7 million in the fourth quarter of 2009;
• Gross profit was $9.0 million, or 38.0% of total revenue, compared to $4.1 million, or 36.2% of total revenue in the fourth quarter of 2009;
• Gross profit margin related to service revenue was 39.5% compared to 38.4% in the fourth quarter of 2009;
• Utilization was 75.6% compared to 66.5% for the fourth quarter of 2009;
• Net income (loss) was $675 thousand, or $0.06 per diluted share, compared to $(1.9) million, or $(0.15) per diluted share, in the fourth quarter of 2009;
• Adjusted EBITDA amounted to $1.5 million, or $0.12 per diluted share, compared to $(165) thousand, or $(0.01) per diluted share, in the fourth quarter of 2009; and
• Cash flow provided by operating activities was $1.6 million compared to cash flow provided by operating activities of $57 thousand during the fourth quarter of 2009.

Full Year Results

Preliminary financial results and utilization for the fiscal year ended December 31, 2010:

• Total revenue increased 76.8% to $88.5 million compared to $50.1 million in fiscal 2009;
• Service revenue increased 49.3% to $68.8 million compared to $46.1 million in fiscal 2009;
• Gross profit was $32.1 million, or 36.2% of total revenue, compared to $16.1 million, or 32.1% of total revenue in fiscal 2009;
• Gross profit margin related to service revenue was 38.1% compared to 34.5% in fiscal 2009;
• Utilization was 73.5% compared to 65.5% in fiscal 2009;
• Net loss amounted to $(22.7) million, or $(1.86) per diluted share, compared to net loss of $(3.8) million, or $(0.32) per diluted share, in fiscal 2009. Our 2010 full year net loss was primarily the result of a third quarter non-cash charge of $21.9 million in connection with an increase to our previously established deferred tax valuation allowance;
• Adjusted EBITDA amounted to $3.4 million, or $0.28 per diluted share, compared to Adjusted EBITDA of $(1.7) million, or $(0.14) per diluted share, in fiscal 2009; and
• Cash flow provided by operating activities was $698 thousand compared to cash flow used in operating activities of $(243) thousand in fiscal 2009.

We are issuing these preliminary results because we are in the process of completing a final review of our software product revenue recognition procedures. We will issue our final financial results for the fourth quarter and full year 2010 upon the completion of this review, which will occur before the filing of our Annual Report on Form 10-K, which is due on March 31, 2011.

The Company acquired Fullscope, Inc. and Meridian Consulting International (the “Acquired Companies”) on December 31, 2009 and May 17, 2010, respectively. The operating results associated with the Acquired Companies have been included in Edgewater’s consolidated operating results since the dates of the respective acquisitions.

Adjusted EBITDA and Adjusted EBITDA per Diluted Share are Non-GAAP financial measures. A reconciliation of these measures to their most directly comparable GAAP measures is included in the financial data accompanying this press release.

Business Trends; Outlook

“During 2010, Edgewater met several strategic goals that we set, namely: returning to double-digit organic growth, improving operational performance, providing positive cash flow and developing our own intellectual property assets,” stated Shirley Singleton, Edgewater’s Chairman, President and Chief Executive Officer.

“We are pleased to report improved and/or sustained quarterly operating metrics on both a sequential and year-over-year basis. The fourth quarter and overall improvements in our business are directly attributable to the strategic initiatives we planned in 2009 and executed in 2010. We introduced a new EPM service offering, added a large Microsoft ERP-centric business and augmented our custom service offerings with product-based consulting.”

Ms. Singleton continued, “The cumulative effect of these changes is reflected in our year-over-year growth in total revenue and service revenue, improvement in our billable consultant utilization rate and improvement in our gross margin. We look forward to 2011 as a year of continuing growth,” stated Ms. Singleton.

“Traditionally, we have entered the first quarter with anticipated seasonal softness in our first quarter sequential service revenues. This has historically been attributable to our EPM-related service offerings. Entering the first quarter of 2011, we are not seeing seasonal softness in our EPM-related service offerings. Based upon this and in consideration of our fourth quarter bid and proposal activity, we are anticipating first quarter 2011 service revenue to be up on a sequential basis from the fourth quarter of 2010,” concluded Ms. Singleton.

Fullscope Embezzlement Update

As previously reported, during the second quarter of 2010 the Company identified fraudulent activities within its recently acquired Fullscope Division. We are in the final stages of our investigation of this matter. The consolidated financial statements as of December 31, 2010 include an estimated liability accrual of $950 thousand for underpayment of sales and use tax liabilities in the Fullscope Division during the years 2003 through 2009 and a corresponding receivable in the same amount. We expect to be able to recover amounts related to this estimated liability through a fully funded escrow account as provided for under the indemnification provisions of the Agreement and Plan of Merger and Reorganization entered into in connection with the Fullscope acquisition.

Preliminary Fourth Quarter and Full Year Conference Call Details

Edgewater has scheduled a conference call on Wednesday, March 2, at 10:00 a.m. (ET) to discuss its preliminary fourth quarter and full year 2010 financial results and other matters. To listen to the call, you can participate by webcast on Edgewater’s investor relations website at http://ir.edgewater.com or you can dial 877-713-9347. Investors are advised to dial into the call at least ten minutes prior to the call to register.

A replay of the call can be accessed via Edgewater’s investor relations website at http://ir.edgewater.com or by dialing 800-642-1687 (domestic) and 706-645-9291 (international) (pass code 42519083) from 1:00 p.m. ET Wednesday, March 2 through 11:59 p.m. ET Wednesday, March 16.

About Edgewater

Edgewater is a consulting firm that brings a synergistic blend of specialty services to its clients in the areas of business advisory, analytics, data management and technology. We develop business strategies and technology solutions that address our clients’ specific needs while providing them with an increased competitive advantage. Headquartered in Wakefield, MA, we typically go to market both vertically by industry and horizontally by product and technology specialty and provide our clients with a wide range of business and technology offerings. To learn more, visit www.edgewater.com or call 800-410-4014.

The Edgewater Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3783

Safe Harbor for Forward-Looking and Cautionary Statements

This Press Release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning our expected growth in 2011, the recoverability of funds from Fullscope escrow, and the expected increase in first quarter 2011 service revenue on a sequential basis from the fourth quarter of 2010. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on our current plans or assessments which are believed to be reasonable as of the date of this Press Release. Factors that may cause actual results, goals, targets or objectives to differ materially from those contemplated, projected, forecasted, estimated, anticipated, planned or budgeted in such forward-looking statements include, among others, the following possibilities: (1) failure to obtain new customers or retain significant existing customers; (2) the loss of one or more key executives and/or employees; (3) changes in industry trends, such as a decline in the demand for Business Intelligence (“BI”) and Enterprise Performance Management (“EPM”) solutions, custom development and system integration services and/or declines in industry-wide information technology (“IT”) spending, whether on a temporary or permanent basis and/or delays by customers in initiating new projects or existing project milestones; (4) inability to execute upon growth objectives, including new services and growth in entities acquired by our Company; (5) adverse developments and volatility involving economic, geopolitical or technology market conditions; (6) unanticipated events or the occurrence of fluctuations or variability in the matters identified under “Critical Accounting Policies;” (7) delays in, or the failure of, our sales pipeline being converted to billable work and recorded as revenue; (8) inability to recruit and retain professionals with the high level of information technology skills and experience needed to provide our services; (9) failure to expand outsourcing services to generate additional revenue; (10) any changes in ownership of the Company or otherwise that would result in a limitation of the net operating loss carry forward under applicable tax laws; (11) the failure of the marketplace to embrace specialty consulting services; and/or (12) failure to make a successful claim against the Fullscope escrow account. In evaluating these statements, you should specifically consider various factors described above as well as the risks outlined under Item I “Business – Factors Affecting Finances, Business Prospects and Stock Volatility” in our 2009 Annual Report on Form 10-K filed with the SEC on March 15, 2010. These factors may cause our actual results to differ materially from those contemplated, projected, anticipated, planned or budgeted in any such forward-looking statements.

Although we believe that the expectations in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, growth, earnings per share or achievements. However, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements. Except as required by law, we undertake no obligation to update any of the forward-looking statements after the date of this Press Release to conform such statements to actual results.

Selected Financial Data:

Non-GAAP Financial Measures

Edgewater reports its financial results in accordance with generally accepted accounting principles (“GAAP”). Management believes, however, that certain non-GAAP financial measures used in managing the Company’s business may provide users of this financial information with additional meaningful comparisons between current results and prior reported results. Certain of the information set forth herein and certain of the information presented by the Company from time to time may constitute non-GAAP financial measures within the meaning of Regulation G adopted by the Securities and Exchange Commission. We have presented herein a reconciliation of these measures to the most directly comparable GAAP financial measure. The non-GAAP measures presented herein may not be comparable to similarly titled measures presented by other companies. As noted in the footnote below, the foregoing measures have limitations and do not serve as a substitute and should not be construed as a substitute for GAAP performance, but provide supplemental information concerning our performance that our investors and we find useful.

Edgewater views Adjusted EBITDA and Adjusted EBITDA per Diluted Share as important indicators of performance, consistent with the manner in which management measures and forecasts the Company’s performance. We believe Adjusted EBITDA measures are important performance metrics because they facilitate the analysis of our results, exclusive of certain non-cash items, including items which do not directly correlate to our existing business, providing specialty IT services. For instance, the exit of our former significant unrelated operations in 2000 and 2001 created significant net operating loss carry-forwards and deferred tax assets, and the tax provisions that we take under GAAP, for which there is no corresponding federal tax payment obligation for us, and the adjustments that we make to our deferred tax asset, based on the prospects and anticipated future profitability of our ongoing operations, can be significant and can obscure, either significantly, or in part, period-to-period changes in our core operating results. Likewise, we incur direct transaction costs related to acquisitions which are expensed in our GAAP financial statements. Our Adjusted EBITDA calculation excludes the effects of direct acquisition-related costs to facilitate an understanding of comparative period-to-period changes in our core operating results. Similarly, we incurred, and have excluded from our Adjusted EBITDA calculation, costs associated with the Fullscope Embezzlement Issue as we believe that the non-recurring nature of the costs associated with this issue makes comparison of our current and historical financial results difficult.

We believe that Adjusted EBITDA metrics provide qualitative insight into our current performance; we use these measures to evaluate our results, the performance of our management team and our management’s entitlement to incentive compensation; and we believe that making this information available to investors enables them to view our performance the way that we view our performance and thereby gain a meaningful understanding of our core operating results, in general, and from period to period.

1- Adjusted EBITDA, Adjusted EBITDA Per Diluted Share and Adjusted EBITDA as a Percentage of Total Revenue are Non-GAAP performance measures and are not intended to be performance measures that should be regarded as an alternative to, or more meaningful than, either GAAP Operating Income, GAAP Net Income and Diluted Earnings Per Share. Adjusted EBITDA and Adjusted EBITDA per Diluted Share measures presented may not be comparable to similarly titled measures presented by other companies. Adjusted EBITDA is defined as net income less interest income and other, net, plus taxes, depreciation and amortization, goodwill impairment charges, direct acquisition costs and the Fullscope Embezzlement Issue costs. Adjusted EBITDA per Diluted Share is defined as Adjusted EBITDA divided by the diluted common shares outstanding used in Diluted Earnings per Share calculations.

CONTACT: Timothy R. Oakes, Chief Financial Officer
         Russell Smith, Senior Vice President / Investor Relations
         (781) 246-3343
         ir@edgewater.com

Mad Catz(R) (MCZ) Enters into Multi-Year Agreement with Electronic Arts (ERTS)

Mar. 1, 2011 (Business Wire) — Mad Catz^® Interactive, Inc. (“Mad Catz” or “the Company”) (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, and Electronic Arts Inc. (NASDAQ: ERTS), a leading global interactive entertainment software company, announced today an agreement to produce branded PC and console videogame accessories based on ‘The Sims™’ franchise. The agreement grants Mad Catz non-exclusive rights to produce and market a wide range of videogame accessories for PC, Microsoft® Xbox 360^® video game and entertainment system, Sony® PlayStation^® 3 computer entertainment system, Wii™, Nintendo DS™ and Nintendo 3DS™ systems.

Commenting on the agreement, Darren Richardson, President and Chief Executive Officer of Mad Catz, “We are excited to work with EA and one of the most popular gaming franchises of all time. The Sims is a new and exciting opportunity for Mad Catz to reach a wider audience that includes both casual and enthusiast gamers. Our agreement with EA is part of our long-term strategy of working with the premium gaming brands and deliver innovative consumer focused accessories.”

“We are delighted to be working with Mad Catz to further broaden the appeal of The Sims franchise through the introduction of specialty PC and console accessories,” said Patrick O’Brien, Vice President of Electronic Arts. “Mad Catz has a long history of working with game publishers to deliver unique products, and we believe that together we can introduce a range of accessories that appeal to players of The Sims series.”

About Mad Catz Interactive, Inc.

Mad Catz is a leading global provider of innovative products for the interactive entertainment industry. Mad Catz develops and markets accessories for videogame systems and PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and Tritton (gaming audio) brands. Mad Catz also operates e-commerce and content websites for videogame and PC products under its GameShark brand, develops, manufactures and markets proprietary earphones under its AirDrives brand, and publishes and distributes video/PC games. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to www.madcatz.com, as well as www.store.gameshark.com, www.saitek.com, www.cyborggaming.com, www.eclipsetouch.com, www.trittontechnologies.com, www.gameshark.com and www.airdrives.com.

About The Sims

The Sims™ franchise, the groundbreaking game series that allows players to create and live a virtual, simulated life on a computer, celebrates its ten year anniversary in 2010 with an impressive more than 125 million units sold since its launch in February 2000. Now translated into 22 different languages and available in 60 different countries, The Sims series has quickly become a universal gaming and cultural phenomenon. Since its June 2009 launch, The Sims 3 has sold more than 10 million copies worldwide to date and was the #1 best-selling PC title for 2009 in North America and Europe. Fan intensity is evidenced through nearly 250 million downloads of player created content including: The Sims characters, houses, stories and more. The Sims 3 community site, www.thesims3.com, welcomes up to seven million unique visitors monthly, handles more than 240 content downloads every minute and more than 3.5 million uploads have been made to date, including 11 movies each hour. The Sims 3 YouTube Channel is within the top 10 most viewed sponsored channels of all time with more than 45 million video views. Visit The Sims 3 official website to see what the players are creating at www.TheSims3.com or the official YouTube Channel for The Sims at http://www.youtube.com/user/TheSims. The Sims 3 is currently available for PC, Mac, iPhone®, iPod touch® and mobile devices. The Sims 3 is also available on the PlayStation®3 computer entertainment system, Xbox 360® videogame and entertainment system, Nintendo DS™, and Wii™ and in March 2011 on the Nintendo 3DS.

About Electronic Arts

Electronic Arts Inc. (EA), headquartered in Redwood City, California, is a leading global interactive entertainment software company. Founded in 1982, the Company develops, publishes, and distributes interactive software worldwide for video game systems, personal computers, wireless devices and the Internet. Electronic Arts markets its products under four brand names: EA SPORTS™, EA™, EA Mobile™ and POGO™. In fiscal 2010, EA posted GAAP net revenue of $3.7 billion and had 27 titles that sold more than one million units. EA’s homepage and online game site is www.ea.com. More information about EA’s products and full text of press releases can be found on the Internet at http://info.ea.com.

EA, EA SPORTS, EA Mobile, POGO and The Sims are trademarks of Electronic Arts Inc. “PlayStation” is a registered trademark of Sony Computer Entertainment Inc. Microsoft, Xbox and Xbox 360 are trademarks of the Microsoft group of companies. Wii, Nintendo DS and Nintendo 3DS are trademarks of Nintendo. iPhone and iPod touch are trademarks of Apple inc., registered in the U.S. and other countries. All other trademarks are the property of their respective owners.

Mad Catz Safe Harbor for Forward Looking Statements:

This press release contains forward-looking statements about the Company’s business prospects that involve substantial risks and uncertainties. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments. You can identify these statements by the fact that they use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “should,” “plan,” “goal,” “believe,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: the ability to maintain or renew the Company’s licenses; competitive developments affecting the Company’s current products; first party price reductions; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; or a downturn in the market or industry. A further list and description of these risks, uncertainties and other matters can be found in the Company’s reports filed with the Securities and Exchange Commission and the Canadian Securities Administrators.

Media:

Mad Catz Interactive, Inc.

Alex Verrey, Global PR & Communications Manager

+44 (0) 1908 336 538

averrey@madcatz.com

or

Mad Catz Interactive, Inc.

Michael Greco, Vice President of Marketing

+1-619-321-3564

mgreco@madcatz.com

or

Investors:

Mad Catz Interactive, Inc.

Allyson Vanderford, Interim Chief Financial Officer

+1-619-321 3545

avanderford@madcatz.com

or

Jaffoni and Collins Incorporated

Joseph Jaffoni, Norberto Aja and Jim Leahy

212-835-8500

mcz@jcir.com

Endeavour Silver (EXK) 2010 Exploration Review and Exploration Plans for 2011

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/01/11 — Endeavour Silver Corp. (TSX: EDR)(NYSE Amex: EXK)(DBFrankfurt: EJD) released today its review of exploration results in 2010 and its exploration plans for 2011. The Company’s exploration drilling programs in Mexico met with continued success in 2010, highlighted by the discovery of new, high grade silver-gold mineralized zones near Endeavour’s two silver mining operations, Guanacevi Mines in Durango State, and Guanajuato Mines in Guanajuato State.

Barry Devlin, Vice President of Exploration, commented, “Last year, our talented exploration team once again delivered some exciting new silver-gold vein discoveries which will be included in our next NI 43-101 reserve/resource estimate expected in a few weeks time. Endeavour drilled approximately 41,400 meters (136,000 feet) in 148 drill holes testing multiple exploration targets in five separate mining districts in order to make new discoveries and expand silver resources.”

“At Guanacevi, our focus last year moved north into the San Pedro area, where we received encouraging sample and drill results from a number of recently discovered mineralized zones on historic mine properties. Two exciting new finds, Epsilon and La Blanca, are in the vicinity of historic high grade silver mines along the western side of San Pedro, and two more, San Joachin and Santa Isabel, lie along strike to the north of historic high grade silver mines that occupy the east-bounding faults of the Guanacevi horst block (Endeavour’s Santa Cruz, Porvenir Norte, Porvenir Dos and Porvenir Cuatro mines are all located along the west-bounding fault of the Guanacevi horst block).”

“At Guanajuato, we enjoyed significant exploration success in 2010 extending high grade silver-gold mineralization within the Lucero vein for more than 800 meters along strike and more importantly, Endeavour discovered three new mineralized veins parallel to and in the footwall of Lucero, the Karina, Fernanda and Daniela veins. Two drill rigs are working full time to extend these mineralized zones and several compelling new vein targets will also be drilled this year. As a result, Endeavour has commenced a major expansion of the Guanajuato plant to 1000 tonnes per day in the 3rd Quarter, 2011.”

Guanacevi District

Endeavour currently holds 100% interests in 1,072 hectares (2,649 acres) within the historic silver district of Guanacevi which produced over 450 million ounces (oz) of silver according to SGM, the Mexican Geological Service. Since acquiring Guanacevi in 2004, Endeavour has found five high-grade silver ore-bodies along a five kilometer (3 mile) length of the prolific Santa Cruz silver vein (see Guanacevi maps on website, http://www.edrsilver.com/s/Guanacevi.asp).

In 2010, Endeavour drilled 7,000 meters in 23 holes in the San Pedro area resulting in two exciting new finds, Epsilon and La Blanca. Recent drill results not previously announced include 3,319 grams per tonne (gpt) silver and 7.1 gpt gold over a 2.0 meter (m) true width in the Epsilon area (hole EPS1-2), and 3,000 gpt silver and 7.7 gpt gold over a 2.1 m true width in the La Blanca area (hole BC-03).

Endeavour continued to expand its land position at Guanacevi in 2010 with the addition of the 3 properties totaling 25 hectares. Many of the old silver mining properties in Guanacevi had histories of small high grade mine production but very few of them were ever systematically explored and drilled.

Previously unreleased highlights of the 2010 drilling programs at Guanacevi were as follows:

--------------------------------------------------------------------------
San Pedro (Epsilon-Soto)
--------------------------------------------------------------------------
                                        Core      True
                              From    Length     Width     Silver     Gold
Hole        Vein                (m)       (m)       (m)      (gpt)    (gpt)
--------------------------------------------------------------------------
EPS1-2      Manto           223.90      2.50      1.96      3,319     7.06
            --------------------------------------------------------------
            Including       223.90      0.35      0.27    greater    31.80
                                                             than
                                                           10,000
--------------------------------------------------------------------------
EPS2-2      Soto            235.45      1.35      1.33        214     0.41
            --------------------------------------------------------------
            Including       235.45      0.30      0.30        917     1.67
--------------------------------------------------------------------------
EPS3-1      Epsilon         249.50      1.15      0.58      6,680    11.17
            --------------------------------------------------------------
            Soto            280.60      1.05      0.86        351     0.70
--------------------------------------------------------------------------
EPS3-3      Soto            296.25      4.10      3.72        406     0.64
            --------------------------------------------------------------
            Including       297.55      0.55      0.50        937     1.57
--------------------------------------------------------------------------

--------------------------------------------------------------------------
San Pedro (La Blanca-Mi Nina)
--------------------------------------------------------------------------
                                        Core      True
                              From    Length     Width     Silver     Gold
Hole        Vein                (m)       (m)       (m)      (gpt)    (gpt)
--------------------------------------------------------------------------
BC-01       Blanca            45.9      5.55      1.87        348     0.28
            --------------------------------------------------------------
            Including         48.8      0.35      0.12      1,165     less
                                                                      than
                                                                      0.05
--------------------------------------------------------------------------
BC-03       Blanca           33.95      3.50      2.11      3,000     7.66
            --------------------------------------------------------------
            Including        36.15      0.65      0.39    greater    37.00
                                                             than
                                                           10,000
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Porvenir Norte
--------------------------------------------------------------------------
                                        Core      True
                              From    Length     Width     Silver     Gold
Hole        Vein                (m)       (m)       (m)      (gpt)    (gpt)
--------------------------------------------------------------------------
PS-618-01   Z1               433.5     11.90     10.69      274.7     0.75
--------------------------------------------------------------------------
PS-628-01   Z2              455.00      3.15      2.63      420.6     2.01
--------------------------------------------------------------------------
PS-636-01   Z2              438.50      1.81      1.62      330.4     0.47
            --------------------------------------------------------------
            Z1              482.35      4.15      2.28      316.8     0.46
--------------------------------------------------------------------------
PS-636-03   Z2N             429.69      2.61      2.49    1,919.3     6.43
            --------------------------------------------------------------
            Z1              435.28      2.41      2.29      597.1     0.92
--------------------------------------------------------------------------

Guanajuato District

Endeavour currently holds 100% interests in 2,314 hectares (5,719 acres) within the historic silver district of Guanajuato which produced over 1.2 billion oz silver according to the SGM. Since acquiring Guanajuato in 2007, Endeavour has discovered three high-grade silver-gold ore-bodies, one along the Veta Madre ore-bearing structure northwest of the Cebada mine and two along the La Luz mineralized veins southeast of the Lucero/Bolanitos mine (see Guanajuato maps on website, http://www.edrsilver.com/s/BolanitosMine.asp).

In 2010, Endeavour drilled 18,000 meters in 61 holes in the Lucero area resulting in three exciting new finds, Karina, Fernanda and Daniela. Recent drill results not previously announced include 158 gpt silver and 6.7 gpt gold over an 8.1 m true width in the Daniela vein (hole KA-27), and 367 gpt silver and 1.9 gpt gold over a 1.8 m true width in the Karina vein (hole KA-29).

Like Guanacevi, Endeavour continued to expand its land position at Guanajuato in 2010 with the addition of the 4 properties totaling 243 hectares. Many of the old silver mining properties in Guanajuato also had histories of small high grade mine production but few of them were systematically explored and drilled.

Previously unreleased highlights of the 2010 drilling programs at Guanajuato were as follows:

--------------------------------------------------------------------------
Karina-Fernanda-Daniela Drill Results
--------------------------------------------------------------------------
                                        Core      True
                              From    Length     Width     Silver     Gold
Hole        Vein                (m)       (m)       (m)      (gpt)    (gpt)
--------------------------------------------------------------------------
KA-25       Karina           77.60      1.20      1.04        286     1.22
            --------------------------------------------------------------
            Fernanda        115.90      1.60      1.20        140     3.57
            --------------------------------------------------------------
            Vein            151.25      1.35      0.87        428     6.72
--------------------------------------------------------------------------
KA-26       Vein            126.45      0.75      0.57        287     0.80
            --------------------------------------------------------------
            Daniela         160.15      6.75      3.14        110     4.57
            --------------------------------------------------------------
            Vein            174.35      0.95      0.77         91     8.22
--------------------------------------------------------------------------
KA-27       Vein            133.30      0.60      0.49        204     5.00
            --------------------------------------------------------------
            Vein            205.80      0.90      0.69        313     5.00
            --------------------------------------------------------------
            Vein            210.05      0.50      0.43        383     5.50
            --------------------------------------------------------------
            Daniela         238.45     21.10      8.08        158     6.73
            --------------------------------------------------------------
            Including       256.75      2.80      1.05        471    11.98
            --------------------------------------------------------------
            Vein            267.55      3.40      1.34         64     7.98
--------------------------------------------------------------------------
KA-29       Karina           76.45      2.20      1.80        367     1.88
            --------------------------------------------------------------
            Vein             81.80      0.75      0.48         21    10.50
            --------------------------------------------------------------
            Fernanda        119.30      1.05      0.78        189     4.80
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Bolanitos, Cebada
--------------------------------------------------------------------------
                                        Core      True
                              From    Length     Width     Silver     Gold
Hole        Vein                (m)       (m)       (m)      (gpt)    (gpt)
--------------------------------------------------------------------------
BVU 11      Bolanitos       348.20      2.40      2.08        116     0.93
--------------------------------------------------------------------------
BVU 12      Bolanitos       421.87      1.63      1.15        519     0.51
--------------------------------------------------------------------------
CVU 01      Cecilia          80.20      0.85      0.80        165      1.7
--------------------------------------------------------------------------
CVU 03      Cecilia          87.25      1.75      1.64        191     2.16
--------------------------------------------------------------------------
CVU 04      Cecilia          72.10      0.80      0.75        372     0.83
--------------------------------------------------------------------------
SJU 11FW    San Jose        283.20      0.20      0.18      1,195     1.41
            --------------------------------------------------------------
            San Jose        297.75      1.90      1.72        749     0.91
--------------------------------------------------------------------------
CU-18       Veta Madre      108.00      1.00      0.80      1,190     0.85
--------------------------------------------------------------------------

Parral and Arroyo Seco Properties

In 2010, Endeavour drilled 10,000 meters in 34 holes at the San Juanico property in order to extend the known silver-gold-lead-zinc mineralization on Endeavour’s adjacent El Cometa property. Both properties are located within the historic silver district of Parral, Chihuahua, which produced more than 250 million oz silver according to the SGM.

As of March 2009, Endeavour reported an NI 43-101 indicated resource at Cometa of 1.5 million oz silver and inferred resources totaling 1.0 million oz plus significant gold, lead and zinc resources (see Parral maps on website, http://www.edrsilver.com/s/ParralMine.asp). An updated combined resource estimate is anticipated for El Cometa and San Juanico shortly.

Recent drill results not previously announced include 52 gpt silver, 0.7 gpt gold, 4.2% lead and 1.9% zinc over an 4.8 m true width in the Cometa vein (hole SJ0-2), and 267 gpt silver, 1.2 gpt gold, 0.4% lead and 0.4% zinc over a 2.0 m true width also in the Cometa vein (hole SJ1-1). Once the resource estimate is completed, management will review the economic mining potential of the Parral project.

An additional 1200 meters of drilling in 12 holes was carried out at Endeavour’s 1,215 hectare (3,002 acre) Arroyo Seco project in Michoacan to try and extend the previously discovered manto-style silver-lead-zinc mineralization along strike and down dip.

Recent drill results not previously announced include 864 gpt silver and 0.82% lead over an 1.1 m true width in hole AS-14, and 311 gpt silver and 0.94% copper over a 2.0 m true width in hole AS-13. Management has decided to seek a partner or buyer for the Arroyo Seco properties as they do not have sufficient silver potential to be of interest to Endeavour.

2011 Exploration Plans

In 2011, Endeavour plans an aggressive $9.2 million, 47,000 meter, 175-hole exploration drill program to test multiple exploration targets within three of the mining districts where Endeavour is currently active in Mexico plus any new targets within new districts the Company may acquire during the year.

The first priorities will be to follow up the new discoveries made near Endeavour’s two mining operations at Guanacevi and Guanajuato as highlighted above and to test several new prospective targets within those two districts. Management is confident that the potential to discover and develop new silver-gold resources at both Guanacevi and Guanajuato remains high.

Endeavour will also commence surface exploration drilling on the San Sebastian properties acquired last year in Jalisco state, Mexico. Surface sampling has identified numerous high-grade silver and gold mineralized zones at San Sebastian that will be tested in 2011.

Significant sample results are as follows:

SIGNIFICANT SAN SEBASTIAN SAMPLE RESULTS

----------------------------------------------------------------------
                              Width       Ag       Au       Pb      Zn
Sample ID       Zone             (m)    (gpt)    (gpt)    (ppm)   (ppm)
----------------------------------------------------------------------
ESA 10014       Los Pollos     Grab    1,185     0.74    1,370     355
----------------------------------------------------------------------
ESA 10027       La Obra        1.15    1,120     1.06      547     124
----------------------------------------------------------------------
ESA 10037       Ocote Alto     0.80      821     0.69      371      98
----------------------------------------------------------------------
ESA 10045       San Martin     0.30      364     1.23    1,130     734
----------------------------------------------------------------------
ESA 10058       La Obra        0.40      370     0.13       71      86
----------------------------------------------------------------------
ESA 10060       Guadalupe      0.35      647     2.51       34     105
----------------------------------------------------------------------
ESA 10066       La Obra        1.00      548     0.38      631     281
----------------------------------------------------------------------
ESA 10069       La Obra        0.20      429     0.07      724     535
----------------------------------------------------------------------
ESA 10075       El Tajo        Grab    1,295     2.82   11,150     500
----------------------------------------------------------------------
ESA 10076       El Porvenir    Grab    5,040    18.80    4,920   4,610
----------------------------------------------------------------------
ESA 10089       El Culebro     Grab      534     1.94    1,160      63
----------------------------------------------------------------------
ESA 10096       El Tajo        0.55      673     0.64   18,800     227
----------------------------------------------------------------------
ESA 10098       El Tajo        0.50      581     1.16   13,200   5,240
----------------------------------------------------------------------
ESA 10099       El Tajo        0.56    1,295     2.02   25,100   3,630
----------------------------------------------------------------------
ESA 10903       El Tajo        1.50      414     0.37      897     293
----------------------------------------------------------------------
ESA 10904       El Tajo        1.50      474     0.78      449     366
----------------------------------------------------------------------
ESA 10907       San Agustin    0.50      603     0.23    2,050   1,755
----------------------------------------------------------------------
ESA 10912       El Rosario     0.30      634     0.68      740     164
----------------------------------------------------------------------
ESA 10926La     Carbonera      Grab    4,010    14.75   11,800     743
----------------------------------------------------------------------

Barry Devlin, M.Sc., P.Geo. Vice President, Exploration is the Qualified Person who reviewed this news release and supervised the surface drilling and sampling programs at the Parral, Guanacevi and Guanajuato Projects. Godfrey Walton, M.Sc. P.Geo. President and Chief Operating Officer is the Qualified Person who reviewed this news release and supervised the mine surface and underground drilling programs at the Guanacevi and Guanajuato Mines. A Quality Control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All core samples are split at the Parral, Guanajuato, or Guanacevi field offices and shipped to ALS-Chemex Labs, where they are dried, crushed, split and 50 gram pulp samples are prepared for analysis. Gold and silver are determined by fire assay with an atomic absorption (AA) finish and lead, zinc and copper are determined by AA.

Endeavour Silver Corp. is a mid-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted six consecutive years of growing silver production, reserves and resources. The organic expansion programs now underway at Endeavour’s two operating silver mines in Mexico combined with its strategic acquisition and exploration programs should help Endeavour achieve its goal to become the next premier mid-tier silver mining company.

ENDEAVOUR SILVER CORP.

Bradford Cooke, Chairman and CEO

CAUTIONARY DISCLAIMER – FORWARD LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include, but are not limited to, statements regarding Endeavour’s anticipated future performance, including silver and gold production, timing and expenditures to develop new silver mines and mineralized zones, silver and gold grades and recoveries, cash costs per ounce, capital expenditures and sustaining capital and the use of proceeds from the Company’s recent financing. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements.

Such factors include, among others: fluctuations in the prices of silver and gold, fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and U.S. dollar); changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected geological conditions, pressures, cave-ins and flooding); inadequate insurance, or inability to obtain insurance; availability of and costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, diminishing quantities or grades of mineral reserves as properties are mined; the ability to successfully integrate acquisitions; risks in obtaining necessary licenses and permits, and challenges to the company’s title to properties; as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The TSX Exchange has neither approved nor disapproved the contents of this news release.

Contacts:
Endeavour Silver Corp.
Hugh Clarke
Toll free: 877-685-9775 or (604) 685-9775
(604) 685-9744 (FAX)
hugh@edrsilver.com
www.edrsilver.com

Accelr8 (AXK) Announces First European Presentation of Rapid Diagnostic Results for New Drug Resistance Test

Mar. 1, 2011 (Business Wire) — Accelr8 Technology Corporation (NYSE Amex: AXK) announced that one of its outside principal investigators received acceptance to present results of a new study in Europe. Researchers from the Washington University in St. Louis School of Medicine (the Barnes-Jewish Hospital) will present at the 21^st annual ECCMID to be held May 7-10, 2011 in Milan, Italy. ECCMID is the European Congress of Clinical Microbiology and Infectious Disease, www.eccmid-icc2011.org. It is a major international meeting for professionals in clinical microbiology and Infectious Diseases Medicine.

The study will describe alternative new tests, including Accelr8’s BACcel™ rapid diagnostic system, to identify an important new type of antibiotic resistance expressed by “Staph” bacteria. Standard culturing methods are unable to detect this new type of resistance, abbreviated as “hVISA.”

Staph often causes simple infections, but also causes life-threatening hospital-acquired infections. “MRSA” is the type of broadly drug resistant, dangerous Staph strain frequently cited in news stories as a “superbug.” Physicians most often prescribe vancomycin if they suspect that a MRSA strain causes an infection. Staph variants have now emerged with declining vancomycin susceptibility. hVISA strains appear to be susceptible in standard culturing tests, but careful analysis in specialized research labs reveals important differences that indicate possible resistance. Since vancomycin is the cornerstone drug for suspected MRSA, hVISA may present a serious new threat.

Unlike other methods, the BACcel™ system eliminates the need for prior culturing, thereby reporting results on the same day rather than the 2-3 days required by culturing methods. The new BACcel™ test for hVISA joins tests for other resistance types intended to be performed at the same time on the same patient specimen.

According to David Howson, Accelr8’s president, “The new presentation gives the large international community a close look at the BACcel™ system concept and its performance. The new test may help investigators perform more definitive clinical studies to assess the spread of this emerging new threat,” Howson concluded.

About Accelr8

Accelr8 Technology Corporation (www.accelr8.com) is a developer of innovative materials and instrumentation for advanced applications in medical instrumentation, basic research, drug discovery, and bio-detection. Accelr8 is developing a rapid analytical platform for infectious pathogens, the BACcel™ system, based on its innovative surface coatings, assay processing, and detection technologies. In addition, Accelr8 licenses certain of its proprietary technology for use in applications outside of Accelr8’s own products.

Certain statements in this news release may be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statement, including those detailed in the company’s filings with the Securities and Exchange Commission. Accelr8 does not undertake an obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events.

Accelr8 Technology Corp.

Tom Geimer, +1-303-863-8088

tom.geimer@accelr8.com

or

Metzger Associates

John Metzger, +1-303-786-7000, ext. 2202

john@metzger.com

Novavax (NVAX) Licenses Recombinant VLP Influenza Vaccine to LG Life Sciences