APAC Customer Services (APAC) to be Acquired by One Equity Partners

Jul. 7, 2011 (Business Wire) — APAC Customer Services, Inc. (“APAC”) (Nasdaq: APAC), a leader in global outsourced services and solutions, and One Equity Partners (“One Equity” or “OEP”) the private investment arm of JPMorgan Chase & Co, announced today that they have entered into a definitive merger agreement under which an affiliate of One Equity will acquire 100% of APAC, through an all-cash transaction with an aggregate equity value of approximately $470 million. APAC’s Board of Directors has unanimously approved the transaction.

Under the terms of the agreement, One Equity Partners will pay APAC stockholders $8.55 per share in cash, which represents a premium of approximately 57% over APAC’s closing share price on July 6, 2011, the last trading day prior to today’s announcement. The acquisition is anticipated to be funded through committed equity and credit facilities and is not subject to any financing contingencies.

Theodore G. Schwartz and his affiliated entities, representing approximately 39% of APAC’s outstanding shares, have entered into a voting agreement to vote in favor of the transaction. The transaction is expected to close in the fourth quarter of 2011, subject to the satisfaction of customary closing conditions, including Hart-Scott-Rodino clearance and approval of APAC’s shareholders.

One Equity is the majority owner of NCO Group, Inc., a leading global provider of business process outsourcing services. OEP will seek to combine APAC with NCO Group to build market leadership in business process outsourcing and customer care solutions.

“We believe that this transaction, at a 57% premium to yesterday’s closing price, represents compelling value, and the Board is pleased to recommend this deal to APAC’s shareholders,” stated Theodore Schwartz, Chairman of APAC.

“APAC has a market-leading reputation for delivering exceptional customer experiences. We believe this combination will allow both APAC and NCO to enhance the levels of service and support that they currently provide to their valued customers,” said Tom Kichler, Managing Director at One Equity Partners. “We are excited about investing behind the growth of these two great businesses.”

Kevin Keleghan, APAC’s President and CEO, commented, “We are thrilled to be entering into a new chapter in APAC’s history. My management team and I look forward to working with One Equity Partners to build a world-class enterprise dedicated to enhancing the customer experience. We believe that a partnership with NCO will create new opportunities for our company, our clients, and our people.”

Advisors

Credit Suisse Securities (USA) LLC served as financial advisor to APAC on the transaction. Kirkland & Ellis LLP served as legal advisor to APAC.

Dechert LLP served as legal advisor to One Equity Partners.

About APAC Customer Services, Inc.

APAC Customer Services, Inc. (NASDAQ: APAC) is a leading provider of quality customer care services and solutions to market leaders in healthcare, business services, communications, media & publishing, travel & entertainment, financial services and technology industries. APAC partners with its clients to deliver custom solutions that enhance bottom-line performance. For more information, call 1-800-OUTSOURCE. APAC’s comprehensive web site is http://www.apaccustomerservices.com.

About One Equity Partners

One Equity Partners is the private investment arm of JPMorgan Chase & Co. and manages over $10.5 billion in commitments and investments solely for the bank. OEP enters into long-term partnerships with companies to create sustainable value through long-term growth driven both organically and inorganically. Founded in 2001, OEP has 39 investment professionals in New York, Chicago, Silicon Valley, Frankfurt, Hong Kong and elsewhere around the globe. Visit www.oneequity.com for more information.

About NCO Group, Inc.

NCO Group, Inc. is a leading global provider of business process outsourcing services, primarily focused on accounts receivable management and customer relationship management. NCO provides services through over 100 offices throughout North America, Asia, Europe and Australia. Visit www.ncogroup.com/ for more information.

Forward-Looking Statements

Statements in this press release regarding the proposed transaction between APAC and OEP, the expected timetable for completing the transaction, future financial and operating results, benefits of the transaction, future opportunities for the combined company and any other statements by management of APAC, OEP and NCO concerning future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, forward-looking statements include expressed expectations, estimates and projections of future events and financial performance and the assumptions on which these expressed expectations, estimates and projections are based. Statements that are not historical facts, including statements about the beliefs and expectations of the Company and its management are forward-looking statements. All forward-looking statements are inherently uncertain as they are based on various expectations and assumptions about future events, and they are subject to known and unknown risks and uncertainties and other factors that can cause actual events and results to differ materially from historical results and those projected. Such statements are based upon the current beliefs and expectations of the Company’s management. The Company intends its forward-looking statements to speak only as of the date on which they were made. The Company expressly undertakes no obligation to update or revise any forward-looking statements as a result of changed assumptions, new information, future events or otherwise.

The following factors, among others, could cause the Company’s actual results to differ from historic results or those expressed or implied in the forward-looking statements: its revenue is generated from a limited number of clients and the loss of one or more significant clients or reduction in demand for services could have a material adverse effect on the Company; the performance of its clients and general economic conditions; its financial results depend on the ability to effectively manage production capacity and workforce; the terms of its client contracts; its ability to sustain profitability; its availability of cash flows from operations and compliance with debt covenants and funding requirements under the Company’s credit facility; its ability to conduct business internationally, including managing foreign currency exchange risks; its principal shareholder can exercise significant control over the Company; and its ability to attract and retain qualified employees; the potential for downward pricing pressures in its industry and other competitive factors; changes to government regulations; the effect of rapid technology changes; acts of God, political instability or other events outside its control; the impact from unauthorized disclosure of sensitive or confidential client or customer data; the inability to complete the acquisition in a timely manner, if at all; the inability to complete the acquisition due to the failure to obtain stockholder approval or the failure to satisfy other conditions to completion of the acquisition, including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976; the occurrence of any event, change or other circumstance that could give rise to the termination of the agreement; the possibility that competing offers will be made; the effect of a change in APAC’s business relationships, operating results and business generally, diversion of management’s attention from ongoing business concerns as a result of the pendency or consummation of the acquisition; the possibility that legal proceedings may be instituted against APAC or others relating to the acquisition and the outcome of such proceedings; and other risk factors listed in APAC’s most recent SEC filings .

Other reasons that may cause actual results to differ from historic results or those expressed or implied in the forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended January 2, 2011 and its subsequent filing on Form 10-Q for the fiscal quarter ended April 3, 2011. Our filings are available under the investor relations section of our website at http://www.apaccustomerservices.com and on a website maintained by the SEC at http://www.sec.gov.

Additional Information

In connection with the proposed merger, APAC will file with the SEC relevant materials, including a preliminary proxy statement on Schedule 14A with respect to the special meeting of stockholders that will be held to consider the merger. When completed and filed, the definitive proxy statement and a form of proxy will be mailed to the stockholders of APAC. APAC URGES INVESTORS AND SECURITY HOLDERS TO READ THE PROXY STATEMENT INCLUDING ANY AMENDMENTS OR SUPPLEMENTS AND ANY OTHER RELEVANT DOCUMENTS APAC FILES WITH THE SEC REGARDING THE PROPOSED MERGER WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT APAC AND THE PROPOSED ACQUISITION. Copies of all documents filed with the SEC regarding this transaction can be obtained, free of charge, at the SEC’s website (www.sec.gov). They can also be obtained from the Investor Relations section of APAC’s website at http://ir.apaccustomerservices.com/index.cfm.

APAC and its respective directors, executive officers and certain other members of management may be soliciting proxies from APAC shareholders in favor of the merger. Information regarding the persons who, under the rules of the SEC, may be deemed participants in the solicitation of the APAC shareholders in connection with the proposed merger will be set forth in the proxy statement when it is filed with the SEC. You can find information about APAC’s executive officers and directors in the proxy statement for APAC’s 2011 annual meeting of shareholders, filed with the SEC on April 22, 2011. Copies of these documents may also be obtained from APAC as described above.

APAC Customer Services, Inc.

Andrew B. Szafran, 847-374-1949

Senior Vice President and Chief Financial Officer

ABSzafran@APACMail.com

or

Investor Relations:

Lippert/Heilshorn & Associates

Harriet Fried / Jody Burfening, 212-838-3777

HFried@lhai.com

China Auto Logistics (CALI) Announces $5.25 Million Private Equity Placement Above Market Price

TIANJIN, CHINA — (Marketwire) — 07/07/11 — China Auto Logistics Inc. (the “Company” or “CALI”) (NASDAQ: CALI), one of China’s leading developers of automobile-related websites, a top seller in China of imported luxury vehicles and a leading provider in China of automobile-related services, announced today it successfully closed the sale on July 1 of three million unregistered common shares to accredited individual investors at an above market price of $1.75 per share, raising a total of $5.25 million for general corporate purposes.

Investors See CALI’s Growth and Expansion Potential

Mr. Tong Shiping, CEO and Chairman of the Company, noted that each of the investors, in agreeing to a long term purchase of CALI shares above their 20-day moving average price, “clearly appreciate the strength and growth potential of our Company which has been masked by the unprecedented current predicament of Chinese stocks in the U.S.” Mr. Tong continued, “Based on very thorough due diligence, these investors reached the conclusion that our Company has and will continue to be very transparent while generating outstanding performance, and believe our shares are significantly undervalued mainly because of the prevailing negativity temporarily affecting all Chinese company shares in the U.S.” He added, “They and we also strongly believe the growth in China will continue to set the pace for the rest of the world, particularly in selected industries, such as the auto industry. Auto growth is being fueled by the fact that fewer than 50 out of 1000 Chinese individuals own cars, despite the continuing high level of sales. We also anticipate the continuing rapid growth of Internet use in China, and believe our Company is very well positioned to capitalize on these converging trends.”

Anticipated Auto Sales Growth

Commenting further on the continuing growth in China’s auto sales, Mr. Shiping stated, “The full year sales advance in 2010 above 32%, as I had said repeatedly, was unsustainable. Nevertheless, I believe we will continue to see very healthy, world leading double digit sales in 2011 and beyond, following year over year growth through the first five months this year of about 4.2%, nearly 7% growth in passenger car sales, and continuing double digit growth in luxury sales. Only recently, the Deputy Chief of the China Association of Automobile Manufacturers was quoted as saying that an anticipated drop in oil prices and increased liquidity will help boost second half sales, and executives in the industry were cited by a leading consultancy as believing growth of 12 to 15 percent annually is expected through 2016.”

Second Half Plans to Develop Tianjin’s Largest Auto Mall

The Company said it expects that most of the proceeds of the stock sale will be utilized in the second half this year to complete the acquisition of an auto mall in Tianjin, which the Company intends to quickly convert into the largest auto dealer in the city, selling over 70 different car models.

“We have built CALI into China’s largest wholesaler of imported luxury vehicles with a network of more than 3000 dealers nationwide,” stated Mr. Tong, “but while these sales have continued to grow rapidly, they are still roughly 4% of total China auto sales.” He continued, “Over the past couple of years we have steadily ramped up our participation in the domestic car market, first with the creation of our highly successful domestic www.at160.com website. We then expanded our reach in this market with the acquisition of www.goodcar.cn. In our view, the acquisition of an auto mall is another key step in building a leading position in this market.”

Strong Financial Position and a Bright Future

“Prior to this stock sale, we had an already very strong financial position, with working capital of more than $37.1 million and cash and cash equivalents of $7.5 million as of the end of the first quarter. The addition of $5.25 million in cash provides us with additional flexibility in pursuing our acquisition goals this year, as well as other growth plans aimed at continuing to build CALI’s leadership in China’s Internet and auto industries,” Mr. Tong said.

“We have a very bright future,” he added, “and we will continue to provide the highest level of disclosure. We firmly believe this will lead us to be among the well deserving top companies to emerge as winners from a return in investor confidence.”

About China Auto Logistics Inc. (CALI)

China Auto Logistics Inc. operates www.cali.com.cn, which rapidly has become one of the leading automobile portals for car dealers and consumers of vehicles and auto-related services throughout China. The Company also is one of China’s top sellers of luxury imported cars as well as one of the country’s leading developers of websites for buyers and sellers of imported and domestic automobiles. Recently initiating auto-related services for dealers and purchasers of domestic autos, it is China’s leading “one stop” provider of logistical services and financing to imported car dealers nationwide and manager of the large imported auto mall in Tianjin. Its subscription and advertising based www.at188.com is the number one site for imported car dealers and consumers. Its www.at160.com site, focused on the domestic auto market, has climbed rapidly to become one of the top domestic auto websites and ranks among the top 125 most visited sites in China. In 2010, the Company completed the acquisition of www.goodcar.cn, a highly popular internet destination for auto drivers attracted by the discount cards offered on the site for a variety of automotive products and services including 5% discounts on gas purchases. The Company believes the integration of these wide ranging sites and services in a single portal serving a broad spectrum of China’s “auto living” public, as well as the addition of new web-based auto-related services for businesses and consumers, will drive future growth. For additional information visit www.chinaautologisticsinc.com.

Information Regarding Forward-Looking Statements

Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.

Contacts:
US Investors
Focus Asia Partners
Robert Agriogianis
bob@focusasiapartners.com
Tel: 973-520-8741

Press
Ken Donenfeld
kdonenfeld@dgiir.com
Tel: 212-425-5700
Fax: 646-381-9727

ENGlobal (ENG) Awarded EPC Agreement From Georgia-Pacific Chemicals

HOUSTON, July 6, 2011 (GLOBE NEWSWIRE) — ENGlobal (Nasdaq:ENG), a leading provider of engineering and related project services, announced today that it has been awarded an engineering, procurement, and construction services agreement from Georgia-Pacific Chemicals LLC (“GP Chemicals”), a leading chemical manufacturer. The work will be specific to the GP Chemicals Lufkin, Texas processing facility.

The contract scope includes prioritizing and performing engineering and detail design support services for various plant systems. GP Chemicals has directed ENGlobal to evaluate equipment, data availability and delivery, as well as required unit start-up and commissioning dates. It is anticipated that ENGlobal’s procurement responsibilities will include managing the overall purchasing process, including preparing requests for proposal (RFP) documents, evaluating commercial and technical terms, purchasing equipment, and managing purchase orders and contracts, among other services.

ENGlobal is expected to provide its engineering and procurement services on a time-and-material basis, while the construction management services, including contract administration and construction oversight, will be performed on a lump sum basis. Upon completion of the contracted services, which is scheduled to occur in the third quarter of 2011, GP Chemicals construction and commissioning activities will be more streamlined and efficient. For competitive reasons, additional terms and financial metrics of the award were not disclosed.

Edward L. Pagano, Chief Executive Officer of ENGlobal, said: “We are especially pleased to announce this significant award from Georgia-Pacific Chemicals, which demonstrates a successful cross-selling initiative between our Automation and Engineering & Construction segments. In addition, this award achieves one of our Markets Strategy initiatives, which is to provide multiple services across our core client base.”

Mr. Pagano continued: “As a mid-sized engineering and construction firm, ENGlobal can provide a collaborative partnership with our clients, allowing them to tap into the expertise they need in an extremely efficient way. We continue to help our customers accomplish their goals by proactively identifying and executing on opportunities to expedite projects, a service which is essential for resource management and project success.”

About Georgia-Pacific Chemicals LLC

Georgia-Pacific Chemicals LLC, a wholly-owned subsidiary of Georgia-Pacific LLC, is a leading global performance manufacturer and supplier of chemicals for the building products, paper, plant nutrition, mining, oilfield, and specialty application markets, including a portfolio of pine chemical derivatives. It operates chemical facilities in the United States, Argentina, Brazil and Chile, with joint ventures in China, India and South Africa. For additional information, please visit www.gp.com/chemical.

About ENGlobal

ENGlobal (Nasdaq:ENG), founded in 1985, is a provider of engineering and related project services principally to the energy sector throughout the United States and internationally. ENGlobal operates through three business segments: Engineering & Construction, Field Solutions and Automation. The Engineering & Construction segment provides consulting services relating to the development, management and execution of projects requiring professional engineering as well as inspection, construction management, mechanical integrity, field support, quality assurance and plant asset management. ENGlobal’s Field Solutions segment provides project management and staffing for right-of-way and site acquisition, permitting, regulatory, and legislative outreach. The Automation segment provides services related to the design, fabrication and implementation of process distributed control and analyzer systems, advanced automation, information technology, cyber security and heat tracing projects. ENGlobal has approximately 2,100 employees in 15 offices and 9 cities. Further information about the Company and its businesses is available at www.ENGlobal.com.

Safe Harbor for Forward-Looking Statements

The statements above regarding the Company’s expectations regarding its new contract and certain other matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties including, but not limited to: (1) our successful execution of the project award discussed in this press release and our receipt of prompt payment for the services we render to our client; (2) our ability to increase or replace our line of credit; (3) our ability to respond appropriately to the current worldwide economic situation and the resulting changes in demand for our services and competitive pricing pressure; (4) our ability to achieve our business strategy while effectively managing costs and expenses; (5) our ability to collect accounts receivable in a timely manner; (6) our ability win new projects that we can perform on a profitable basis; (7) our ability to accurately estimate costs and fees on fixed-price contracts; (8) the profitability of our other agreements; (9) the effect of changes in laws and regulations with which the Company must comply and the associated costs of compliance with such laws and regulations, either currently or in the future, as applicable; (10) the effect of changes in the price of oil; (11) the effect of changes in accounting policies and practices as may be adopted by regulatory agencies, as well as by the FASB; (12) the effect of changes in our competitive position within our market in view of, among other things, increasing consolidation currently taking place among our competitors. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in ENGlobal’s filings with the Securities and Exchange Commission. In addition, reference is hereby made to cautionary statements set forth in the Company’s most recent reports on Form 10-K and 10-Q, and other SEC filings.

Click here to join our email list: http://www.b2i.us/irpass.asp?BzID=702&to=ea&s=0.

CONTACT: Natalie S. Hairston
         (281) 878-1000
         ir@ENGlobal.com

Hutchinson Technology (HTCH) Reports Preliminary Third Quarter Results

HUTCHINSON, Minn., July 6, 2011 (GLOBE NEWSWIRE) — Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported its preliminary results for its fiscal 2011 third quarter ending June 26, 2011.

The company shipped approximately 118 million suspension assemblies in the fiscal 2011 third quarter, up 15 percent compared with its second quarter shipments of 102.3 million. Net sales for the quarter totaled approximately $72 million, up 14 percent compared with its second quarter net sales of $63.3 million.

Wayne Fortun, Hutchinson Technology’s president and chief executive officer, said “our shipments over the last 9 weeks of our third quarter averaged approximately 10 million suspensions per week, and we expect this pace to continue into the fourth quarter. As a result, we currently expect our fourth quarter shipments to exceed our third quarter shipments. It appears that demand has shifted to some customer programs where we have stronger positions, and we believe that we are beginning to regain market share. We are leveraging available capacity to respond to the additional customer demand.”

Fiscal 2011 Third Quarter Results to be Reported on July 26, 2011

As previously announced, the company plans to report its fiscal 2011 third quarter results on Tuesday, July 26, 2011, after the close of the market. A subsequent conference call for the investment community will take place at 5:00 p.m. Eastern Time (4:00 p.m. Central Time) on the same day.

The call will be accessible live and on an archived basis on Hutchinson Technology’s web site at www.htch.com/investors. The webcast also will be distributed by Thomson StreetEvents to both institutional and individual investors at www.earnings.com.

About Hutchinson Technology

Hutchinson Technology is a global technology leader committed to creating value by developing solutions to critical customer problems. The company’s Disk Drive Components Division is a key worldwide supplier of suspension assemblies for disk drives. The company’s BioMeasurement Division is focused on bringing to the market new technologies and products that provide information clinicians can use to improve the quality of health care and reduce costs.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements regarding demand for and shipments of disk drives and the company’s products and regarding the company’s market position. The company does not undertake to update its forward-looking statements. These statements involve risks and uncertainties. The company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of changes in market demand and market consumption of disk drives or suspension assemblies, changes in demand for our products, the company’s ability to produce suspension assemblies at levels of precision, quality, volume and cost its customers require, changes in product mix, changes in customers yields, changes in storage capacity requirements, changes in expected data density and other factors described from time to time in the company’s reports filed with the Securities and Exchange Commission.

CONTACT:  INVESTOR CONTACT:
          Chuck Ives
          Hutchinson Technology Inc.
          320-587-1605

          MEDIA CONTACT:
          Connie Pautz
          Hutchinson Technology Inc.
          320-587-1823

Fuwei Films (FFHL) Signs Supply Letter of Intent with Coca-Cola

Sky Power Solutions Corp. (SPOW) to Unveil Advanced Solar Power Generation System at SOLAR INTERNATIONAL 2011

MOORESVILLE, NC — (Marketwire) — 07/06/11 — Sky Power Solutions, Corp. (OTCBB: SPOW) (www.skypowersolutions.com), an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and a leading developer of residential concentrated solar collector electric generating power systems able to produce in excess of 2 Kilowatts (kw) of electric power with ZERO emissions and Sun Light as the only fuel with built-in heat recapture to provide free hot water to users will be unveiled and on display during SOLAR INTERNATIONAL 2011 at the Dallas Convention Center in Dallas, Texas October 17 – 20, 2011.

Solar Power International (SPI) is North America’s largest, most comprehensive solar power trade show and conference. This annual, business-to-business event was the first of its kind in North America and grows bigger and better every year. Nearly 24,000 professionals from 125+ countries attend. With one out of five attendees coming from outside the United States, SPI is truly a global event. In 2011, over 1,100 companies from all vertical markets in the solar power spectrum will exhibit in a space of more than 1 million gross square feet.

Sky Power will display a working prototype of the Sky Power Solutions, Residential, Standalone, Solar Concentrating, Electric Power Generation system in Hall “F” of the Dallas Convention Center and will be available for questions during the event.

Sky Power Solutions recently produced a video presentation outlining the need for such a device.

SEE THE VIDEO HERE: http://www.skypowersolutions.com/press/20110706.html

The Sky Power Solutions residential solar power station will have the ability to reduce the average user’s monthly electric grid consumption by up to 30-40% with ZERO emissions and a ZERO carbon footprint; using only the power of the Sun. Visually appealing, the Sky Power Solutions system can easily be installed in most backyards taking less than one third of the space of conventional Solar panels. The entry level price point for a Sky Power Solutions-Concentrated Solar electric system is estimated to be $5,000 at release. Multiple units can be combined for increased capacity.

Electric consumption in the United States is increasing at a rate that will outpace the anticipated expansion of the US Electric Grid’s capacity and Sky Power Solutions has identified this and is poised for expansion into the Residential Electric Power Generation market to allow end users to generate and return 30-40% of their electric usage back to the grid using “Net-Metering” and the Sky Power System.

Sky Power Solutions, the exclusive provider of advanced Lithium Ion battery technology to Li-ion Motors Corp for use in their all electric, zero emission automobiles has determined the growth in the consumer acceptance of all electric cars will place an increased burden on the US Electric Grid at the same time growth in capacity of electrical capacity is expected to decline. Sky Power Solutions is moving to meet this demand, at the same time, lowering the grid consumption of the users of the Residential Solar Generation System and actually augmenting the Electric Grid by producing and sending electricity from the residential users surplus capacity into the grid, therefore causing the user’s electric meter to run backwards, not only reducing the electric bill, but more importantly adding needed power to a stressed grid for the benefit of all.

FORWARD LOOKING STATEMENT:
This press release may include 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 statements are based on the Company’s current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.

CONTACT INFORMATION:

About Sky Power Solutions: www.skypowersolutions.com

Headquartered in Mooresville, NC

For further information: info@skypowersolutions.com

Sky Power Solutions, Corp.
Media Contact: pr@skypowersolutions.com
Investor Relations: ir@skypowersolutions.com
1-888-641-3912

Sky Power Solutions Corp. (SPOW) Is Proud to Announce an Enhanced Upgrade Version to Their Stand Alone Residential Solar Dish

MOORESVILLE, NC — (Marketwire) — 07/05/11 — Sky Power Solutions, Corp, (OTCBB: SPOW) (www.skypowersolutions.com), an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and a leading developer of residential concentrated solar collector power systems able to produce in excess of 2 Kilowatts (kw) of electric power with ZERO emissions using Sun Light as the only fuel, is pleased to announce an engineering enhancement in the design of their stand alone, residential, solar concentrating system to provide heat recapture for residential users of the Sky Power Solutions’ Solar power system giving them free hot water.

Recently, Sky Power Solution’s released a video presentation outlining the need for this ground breaking technology.
Click here to view video: http://www.skypowersolutions.com/press/20110705.html

With an optional upgrade, users of the Sky Power Solutions’ Residential, Standalone unit will have the ability to capture the heat resulting from the concentration of solar power for use within the Sky Power Solutions collectors to provide hot water to their house, working in conjunction with the existing installed water heater, thereby reducing the amount of electricity users’ need for water heating. “This helps with the heat management issue encountered with the development of the dish, as well as providing users the additional benefit of electricity savings by getting free hot water,” says Rich Ralston, with Sky Power Solutions Corp. He goes on to say, “We feel we can capture most ALL the energy in our process and pass it on to our users for beneficial use.”

The residential solar power station will have the ability to reduce the average user’s monthly electric grid consumption by up to 30-40% with ZERO emissions and a ZERO carbon footprint, using only the power of the Sun. Visually appealing, the Sky Power Solutions system can easily be installed in most backyards taking less than one third of the space of conventional Solar panels. The entry level price point for a Sky Power Solutions-Concentrated Solar electric system is estimated to be $5,000 at release. Multiple units can be combined for increased capacity.

FORWARD LOOKING STATEMENT:
This press release may include 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 statements are based on the Company’s current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.

CONTACT INFORMATION:
About Sky Power Solutions:
www.skypowersolutions.com
Headquartered in Mooresville, NC

For further information:
info@skypowersolutions.com

Sky Power Solutions, Corp.
Media Contact:
pr@skypowersolutions.com

Investor Relations:
ir@skypowersolutions.com
1-888-641-3912

China Information Technology’s (CNIT) Digital Hospital Information Systems to Enter Hunan Province

SHENZHEN, China, July 5, 2011 /PRNewswire-Asia-FirstCall/ — China Information Technology, Inc. (Nasdaq: CNIT), a leading provider of Information Technologies and Display Technologies based in China, today announced that the Hunan Department of Health has qualified its proprietary digital hospital information systems (DHIS) for use throughout the entire province. The qualification effectively extends the Company’s DHIS to the Hunan market, in addition to its current presence in the Guangdong, Guangxi and Hainan markets.

In 2010, China’s Ministry of Health and Ministry of Finance, together, called for reform of the country’s healthcare systems, including the update of information systems at over 8,000 county-level hospitals across the country. In order to participate in the update, prospective vendors shall go through a rigorous project bidding and approval process. In May 2011, the Hunan Department of Health invited China Information Technology and dozens of other DHIS software vendors to a preliminary round of bidding for projects in Hunan, where experts performed strict evaluations on competing DHIS, electronic medical records systems (EMR), medical imaging systems (PACS), and laboratory information systems (LIS).

CNIT’s sophisticated software products passed all necessary assessments in each product category. As a result, the Company became one of only four qualified vendors whose DHIS products are recommended by the Hunan Department of Health.

“We are pleased to become one of the few DHIS vendors in China whose products meet all standards and testing requirements of the Hunan Department of Health,” said Mr. Jiang Huai Lin, Chairman and CEO of the Company. “The recognition puts us in a favorable position to win future digital hospital projects related to the Ministry of Health mandate, and to further penetrate the Hunan market. We look forward to securing a critical first-mover position and a solid customer base in Hunan Province as we prepare to implement a top-down roll-out of our sophisticated products.”

About China Information Technology, Inc.

China Information Technology, Inc., through its subsidiaries and other consolidated entities, specializes in information technologies and display technologies. Headquartered in Shenzhen, China, the Company’s integrated solutions include specialized software, hardware, systems integration, and related services. To learn more about the Company, please visit its corporate website at http://www.chinacnit.com.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of China Information Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the significance of the recommendation of CNIT’s DHIS products by the Hunan Department of Health to the Company’s business and the Company’s ability to further penetrate the Hunan market; the general ability of the Company to achieve its commercial objectives, including the Company’s plan to sustain the growth while creating shareholder value; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Immucor (BLUD) Enters Into Definitive Agreement to be Acquired by TPG Capital

NORCROSS, Ga., July 5, 2011 (GLOBE NEWSWIRE) — Immucor, Inc. (Nasdaq:BLUD) (the “Company”), a global leader in providing automated instrument-reagent systems to the blood transfusion industry, today announced that it has entered into a definitive agreement to be acquired by investment funds managed by TPG Capital (“TPG”) in a transaction with a fully diluted equity value of $1.973 billion.

Under the terms of the agreement, Immucor shareholders will receive $27.00 in cash for each share of Immucor common stock they own, representing a premium of approximately 30.2 percent over the closing share price on July 1, 2011, the last full trading day before today’s announcement, and a premium of approximately 35.6 percent to Immucor’s average closing price over the last month. The transaction is expected to close in the second half of 2011. The agreement was unanimously approved by the Immucor Board of Directors.

“This transaction enables our shareholders to realize significant, immediate value while at the same time allowing Immucor to remain well-positioned to continue pursuing growth opportunities,” said Joseph Rosen, Chairman of the Board of Directors of Immucor. “Our Board is pleased with the outcome of the process we followed leading to this transaction, and believes that this transaction is in the best interests of our shareholders.”

“Immucor has been at the forefront of improving transfusion medicine for nearly 30 years and has a proven track record of creating value,” said Joshua H. Levine, President and Chief Executive Officer of Immucor. “Partnering with TPG will allow us to continue with our commitment to deliver innovative technologies that meet our customers’ needs and improve patient safety.”

“By offering best-in-class instruments and reagents for the blood transfusion industry, Immucor has built an impressive platform, loyal customer base and a strong leadership position,” said Todd Sisitsky, TPG Partner. “We look forward to working with the Immucor team as we invest in growing the business and expanding the global footprint for these vital services.”

Under the terms of the agreement, it is anticipated that an affiliate of TPG, IVD Acquisition Corporation, will commence a tender offer for all of the outstanding shares of the Company no later than July 15, 2011.

Under the terms of the agreement, the tender offer is conditioned upon, among other things, satisfaction of the minimum tender condition of 84 percent of the Company’s common shares on a fully diluted basis, the receipt of the Federal Trade Commission’s approval under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, the receipt of any applicable consents or approvals under German antitrust or merger control laws and other customary closing conditions. In the event that the minimum tender condition is not met, and in certain other circumstances, the parties have agreed to complete the transaction through a one-step merger after receipt of shareholder approval.

Under the terms of the agreement, the Company may solicit superior proposals from third parties through August 15, 2011. It is not anticipated that any developments will be disclosed with regard to this process unless the Company’s Board of Directors makes a decision with respect to a potential superior proposal. There are no guarantees that this process will result in a superior proposal.

Goldman, Sachs & Co. acted as financial advisor to Immucor, Inc. and King & Spalding LLP acted as the Company’s legal advisor. Ropes & Gray LLP acted as legal advisor to TPG Capital. Citi and J.P. Morgan Securities LLC acted as financial advisors and provided fully committed financing to TPG Capital.

About Immucor

Founded in 1982, Immucor manufactures and sells a complete line of reagents and systems used by hospitals, reference laboratories and donor centers to detect and identify certain properties of the cell and serum components of blood prior to transfusion. Immucor markets a complete family of automated instrumentation for all of its market segments. For more information on Immucor, please visit our website at www.immucor.com.

About TPG Capital

TPG Capital is a leading global private investment firm founded in 1992 with $48 billion of assets under management and offices in San Francisco, Beijing, Fort Worth, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, Shanghai, Singapore and Tokyo. TPG Capital has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, growth investments, joint ventures and restructurings. TPG Capital’s healthcare investments have included Aptalis Pharma, Biomet, Fenwal, Healthscope, IASIS Healthcare, IMS Health, Oxford Health Plans, Parkway Holdings, Quintiles Transnational, Surgical Care Affiliates, among others.

Notice to Investors

The planned tender offer described in this communication has not yet commenced. The description contained in this communication is not an offer to buy or the solicitation of an offer to sell securities. At the time the planned tender offer is commenced, IVD Holdings Inc. and IVD Acquisition Corporation will file a tender offer statement on Schedule TO with the Securities and Exchange Commission (the “SEC”), and the Company will file a solicitation/recommendation statement on Schedule 14D-9 with respect to the planned tender offer. The tender offer statement (including an offer to purchase, a related letter of transmittal and other tender offer documents) and the solicitation/recommendation statement will contain important information that should be read carefully before making any decision to tender securities in the planned tender offer. These materials will be made available to the Company’s shareholders at no expense to them and may also be obtained by contacting the Company’s Investor Relations Department at 3130 Gateway Drive, Norcross, Georgia, telephone number (770) 441-2051. All of these materials (and all other tender offer documents filed with the SEC) will also be made available at no charge at the SEC’s website (www.sec.gov).

Additional Information about the Merger and Where to Find It

In connection with the potential one-step merger, the Company will file a proxy statement with the SEC. Additionally, the Company will file other relevant materials with the SEC in connection with the proposed acquisition of the Company by IVD Holdings Inc. and IVD Acquisition Corporation pursuant to the terms of the merger agreement. The proxy statement and other material filed with the SEC will contain important information about the Company and the merger that should be read carefully before making any voting or investment decision with respect to the proposed merger. These materials will be made available to the Company’s shareholders at no expense to them and may also be obtained by contacting the Company’s Investor Relations Department at 3130 Gateway Drive, Norcross, Georgia, telephone number (770) 441-2051. All of these materials (and all other merger documents filed with the SEC) will also be made available at no charge at the SEC’s website (www.sec.gov).

The Company and its officers and directors, under the SEC rules, may be deemed to be participants in the solicitation of proxies of the Company’s shareholders in connection with the proposed merger. Investors and security holders may obtain more detailed information regarding the names, affiliations, and interests of certain of the Company’s officers and directors, as well as other matters, in the Company’s proxy statement for its 2010 annual meeting of shareholders and the proxy statement and other relevant materials which will be filed with the SEC in connection with the merger. Information concerning the interests of the Company’s participants in the solicitation, which may, in some cases, be different than those of the Company’s shareholders generally, will be set forth in the proxy statement relating to the merger.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this communication contain 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. All statements, other than statements of historical facts, including, among others, statements regarding the anticipated acquisition of the Company by IVD Holdings Inc. and IVD Acquisition Corporation, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of the Company and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “should” or similar expressions. Forward-looking statements are not guarantees of future events and involve risks and uncertainties that actual events may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict. Such factors include, but are not limited to, uncertainties as to how many of the Company’s shareholders will tender their stock in the offer, the possibility that competing offers will be made, unexpected costs or liabilities, the result of the review of the proposed transaction by various regulatory agencies and any conditions imposed in connection with the consummation of the transaction, and the possibility that various closing conditions for the transaction may not be satisfied or waived. Other factors that may cause actual results to differ materially include those set forth in the reports that the Company files from time to time with the SEC, including its annual report on Form 10-K for the year ended May 31, 2010 and quarterly and current reports on Form 10-Q and Form 8-K. These forward-looking statements reflect the Company’s expectations as of the date hereof. The Company undertakes no obligation to update the information provided herein.

CONTACT: Immucor Media Contacts:
         Michael Freitag / Jed Repko / Jennifer Friedman
         Joele Frank, Wilkinson Brimmer Katcher
         (212) 355-4449

         Immucor Investor Contacts:
         Michele Howard
         (770) 441-2051

         TPG Media Contacts:
         Lisa Baker
         Owen Blicksilver PR
         (914) 725-5949

Scorpex (SRPX) Announces Engagement of MissionIR Investor Relations Services

LAS VEGAS, NV — (Marketwire) — 07/05/11 — Scorpex, Inc. (PINKSHEETS: SRPX) (the “Company”) today announces that they have engaged the investor relations services of MissionIR. Through a network of investor-oriented sites and full suite of investor awareness services, MissionIR broadens the influence of publicly traded companies and their ability to attract growth capital as well as improve shareholder value.

Scorpex, Inc. is focused on becoming a leader of hazardous and toxic waste disposal in the Baja Mexico/California region where demand for waste management exceeds capacity. To date, the company has constructed a 10,000 square foot storage facility, water reservoir and septic system, sprinkler system, and security fence and is in the process of developing other necessary infrastructure on its 26-acre site.

The company’s future expansion plans include constructing other strategically placed, specially designed, storage, recycling and disposal facilities in various locations throughout Mexico. All facilities will be designed specifically for the purpose of processing the nation’s growing industrial waste, including materials that are classified as industrial, toxic, and hazardous.

Joseph Caywood, Chief Executive Officer of Scorpex, stated, “Engagement of a full-service investor relations firm is a key part of our overall strategy to achieve short-term and long-term goals. MissionIR is providing a much needed service in the small-cap markets.”

About Scorpex, Inc.

Scorpex, Inc. is taking the necessary steps to own and operate a full service waste disposal and recycling company, capable of storing and disposing all types of waste, including those classified as industrial, toxic, and hazardous. The location chosen for the first Scorpex plant is strategically positioned to accommodate the vast region of Baja California, Mexico. For more information, visit www.scorpex.com

About MissionIR

MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. Through a full suite of investor relations and consultancy services, we help public companies develop and execute a strategic investor awareness plan as we’ve done for hundreds of others. Whether it’s capital raising, increasing awareness among the financial community, or enhancing corporate communications, we offer a variety of solutions to meet the objectives of our clients.

For more information and to sign up for The MissionIR Report, visit www.MissionIR.com

This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.

Contact:

Franco Inc.
Investor Relations
J.R. Munoz
310-891-1838