Rosetta Genomics (ROSG) Launches miRview(R) Lung Test

PHILADELPHIA, PA and REHOVOT, ISRAEL–(Marketwire – 07/14/11) – Rosetta Genomics (NASDAQ:ROSG), a leading developer and provider of microRNA-based molecular diagnostic tests, announces that it has launched miRview® lung, the Company’s advanced microRNA test that differentiates neuroendocrine tumors from non-small cell lung tumors (NSCLC), and then further subtypes neuroendocrine tumors into small cell lung cancer and carcinoid; and subtypes NSCLC tumors into squamous and non-squamous. miRview® lung will be marketed in the U.S. by Rosetta Genomics’ oncology sales team and will be available internationally through the Company’s various distribution partners.

miRview® lung was developed to use small, pre-operative specimens to differentiate tumor types and to further subtype them. Small, pre-operative biopsies such as bronchoscopic washing, brushing, fine-needle aspirate (FNA) and core needle biopsies are the most common methods for acquiring sample from lung tumors; however, in 20% to 30% of these pre-operative cases significant limitations of tumor quantity and quality prevent full classification and subtyping of the tumor using traditional diagnostic methods, including H&E and immunohistochemical stains. Using the expression levels of eight microRNAs, Rosetta Genomics’ researchers developed a molecular classifier which was validated on an independent blinded validation set of 451 samples, with sensitivity of 93.7% in the identification of the four main subtypes of lung tumors. The sensitivity for cytological samples, which constitute more than half of the validation set, was 95%. miRview® lung joins miRview® squamous, the Company’s microRNA diagnostic test developed to subtype NSCLC for resection and FNA sample types, strengthening the suite of testing solutions offered by Rosetta for pre-operative samples from lung tumors.

Commenting on the clinical importance of this assay, Dr. Harvey Pass, Professor of Surgery and Cardiothoracic Surgery, Vice Chairman, Research Director, Division of Thoracic Surgery and Thoracic Oncology at NYU Langone Medical Center and Cancer Center, stated, “A standardized and objective assay, like miRview® lung, that results in the accurate identification of the tumor type in small biopsy samples from lung cancer patients has the potential to lead to better information and better decisions about the appropriate treatment approaches for these patients.”

“With the recent emergence of targeted lung cancer therapies, such as Avastin® and Alimta®, and with other targeted drugs entering the clinical arena, accurate classification and subtyping of lung cancer is becoming increasingly important to better assess differential side effects and efficacy profiles and to enhance treatment strategies. We believe there is a definite need for objective, standardized, and reproducible molecular diagnostic assays that can reliably classify and subtype lung cancer,” noted Kenneth A. Berlin, President and Chief Executive Officer of Rosetta Genomics, said, “We are especially pleased to add miRview® lung to our suite of microRNA oncology diagnostic tests as it has the potential to assist in the accurate classification and subtyping of many of the over one and a half million patients diagnosed with lung cancer each year.”

About miRview® Products
miRview® are a series of microRNA-based diagnostic products offered by Rosetta Genomics. miRview® mets and miRview® mets² accurately identify the primary tumor site in metastatic cancer and CUP. miRview® squamous accurately identifies the squamous subtype of non-small cell lung cancer, which carries an increased risk of severe or fatal internal bleeding and poor response to treatment for certain therapies. miRview® meso diagnoses mesothelioma, a cancer connected to asbestos exposure. miRview® lung accurately identifies the four main subtypes of lung cancer using small amounts of tumor cells. miRview® tests are designed to provide objective diagnostic data; it is the treating physician’s responsibility to diagnose and administer the appropriate treatment. In the U.S. alone, Rosetta Genomics estimates that approximately 200,000 patients a year may benefit from the miRview® mets and miRview® mets² test, 60,000 from miRview® squamous, 60,000 from miRview® meso and 222,000 from miRview® lung. The Company’s tests are offered directly by Rosetta Genomics in the U.S., and through distributors around the globe. For more information, please visit www.mirviewdx.com. Parties interested in ordering the test can contact Rosetta Genomics at (215) 382-9000 ext. 309.

About microRNAs
microRNAs (miRNAs) are recently discovered, small RNAs that act as master regulators of protein synthesis, and have been shown to be highly effective biomarkers. The unique advantage of microRNAs as biomarkers lies in their high tissue specificity, and their exceptional stability in the most routine preservation methods for biopsies, including Formalin Fixed Paraffin Embedded (FFPE) block tissue and fine needle aspirate (FNA) cell blocks. It has been suggested that their small size (19 to 21 nucleotides) enables them to remain intact in FFPE blocks, as opposed to messenger RNA (mRNA), which tends to degrade rapidly. In addition, early preclinical data has shown that by controlling the levels of specific microRNAs, cancer cell growth may be reduced. To learn more about microRNAs, please visit www.rosettagenomics.com.

About Rosetta Genomics
Rosetta Genomics develops and commercializes a full range of microRNA-based molecular diagnostics. Founded in 2000, the company’s integrative research platform combining bioinformatics and state-of-the-art laboratory processes has led to the discovery of hundreds of biologically validated novel human microRNAs. Building on its strong patent position and proprietary platform technologies, Rosetta Genomics is working on the application of these technologies in the development and commercialization of a full range of microRNA-based diagnostic tools. The Company’s miRview product line is commercially available through its Philadelphia-based CAP-accredited, CLIA-certified lab. To learn more, please visit www.rosettagenomics.com.

Forward-Looking Statements
Various statements in this release concerning Rosetta’s future expectations, plans and prospects, including without limitation, statements relating to the need for and market potential of molecular diagnostic assays that can reliably classify and subtype lung cancer and the potential of microRNAs in the diagnosis and treatment of disease, constitute forward-looking statements for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including risks related to: Rosetta’s approach to discover microRNA technology and to work on the application of this technology in the development of novel diagnostics and therapeutic tools, which may never lead to commercially accepted products or services; Rosetta’s ability to obtain, maintain and protect its intellectual property; Rosetta’s ability to enforce its patents against infringers and to defend its patent portfolio against challenges from third parties; Rosetta’s need and ability to obtain additional funding to support its business activities; Rosetta’s dependence on third parties for development, manufacture, marketing, sales, and distribution of products; Rosetta’s ability to successfully develop its products and services; Rosetta’s ability to obtain regulatory clearances or approvals that may be required for its products and services; the ability to obtain coverage and adequate payment from health insurers for the products and services comprising Rosetta’s technology; competition from others using technology similar to Rosetta’s and others developing products for similar uses; Rosetta’s dependence on collaborators; and Rosetta’s short operating history; as well as those risks more fully discussed in the “Risk Factors” section of Rosetta’s Annual Report on Form 20-F for the year ended December 31, 2010 as filed with the Securities and Exchange Commission. In addition, any forward-looking statements represent Rosetta’s views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Rosetta does not assume any obligation to update any forward-looking statements unless required by law.

Hudson Technologies (HDSN) Announces Joint Venture Agreement to Establish Hudson Technologies Europe

PEARL RIVER, N.Y.–(BUSINESS WIRE)– Hudson Technologies, Inc. (NASDAQ:HDSN – News) announced that it has entered into a joint venture agreement with Europe-based Safety Hi-Tech S.r.l. (“SHT”) and the owners of the Italian engineering firm Banini-Binotti Associates (“BB”), for the development of reclamation, remediation and energy optimization services throughout most of Europe, the Middle East and North Africa. The European refrigerant aftermarket alone is estimated at over $700 million or approximately 70% of the U.S. refrigerant aftermarket. Additionally, due to the strict regulatory environment in Europe there is strong demand for the energy optimization and emissions reducing services Hudson provides.

The joint venture will create a new Italy-based company known as Hudson Technologies Europe S.r.l. Hudson and SHT will each own 40% of the new company and BB will own 20%. Using equipment and technology supplied and licensed by Hudson, the new company will market Hudson’s full suite of products and services, with an emphasis on Hudson’s energy optimization services. Hudson Technologies Europe will also provide reclamation support to SHT for the recycling and resale into the refrigeration market of refrigerants which are not only used in A/C systems but also used in most other fire suppression systems, including SHT’s. The parties have already made significant progress towards launching this joint venture, including the construction of equipment, facility layout and sourcing of refrigerants.

Hudson’s participation in this joint venture will further Hudson’s longer term growth strategy by:

• Positioning Hudson to meet increasing European market demand for energy optimization solutions that is being driven by high energy costs and a stringent regulatory environment
• Expanding Hudson’s opportunities to grow its reclamation business by taking advantage of Europe’s accelerated refrigerant phase out schedule; Virgin production of R-22 is currently 100% phased out in Europe and existing R-22 operating systems can only be serviced with reclaimed or recycled refrigerant that is presently selling at more than 3 times the price of R-22 in the U.S.
• Capitalizing on a very fragmented and under developed EU reclamation market which has few facilities able to meet Hudson’s purity and performance standards
• Providing immediate access to an established customer base and a well-developed infrastructure for the marketing of Hudson products and services in Europe, the Middle East and North Africa

The European Union (EU) is approximately five years ahead of the US in (i) the phase out of hydrochlorofluorocarbons (HCFCs), including R-22, (ii) carbon emission standards for greenhouse gases (“GHGs”), and (iii) efforts to increase energy efficiency. In the US, Hudson has been advancing in each of those areas ahead of government regulations and mandates, and in some instances ahead of market acceptance. Europe, however, has already created regulations and market incentives that Hudson believes support the offerings that the Company currently provides in the US. Consequently, Europe represents a promising and significant opportunity for Hudson, through the joint venture, to market and provide its services to industrial and commercial facilities.

Click here for additional information about EU’s environmental regulations and how they impact the market opportunity for Hudson Technology Europe.

Hudson’s ability to identify and capture energy efficiencies and savings in steam, air conditioning and refrigeration systems, typically the largest energy users in commercial or industrial facilities, we believe will enable the joint venture’s customers to save money, create reliable and verifiable emissions offsets and better comply with European government initiatives. Furthermore, whereas the U.S. phase out of Chlorofluorocarbons (“CFCs”) took place more than 15 years ago, many developing countries, which include most nations in the Middle East and North Africa, are only now undertaking the phase out of CFC-based refrigerants. We believe that these developing nations can benefit from Hudson’s phase out experience, providing long term opportunities for Hudson Technologies Europe to grow market share.

Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson Technologies commented, “This partnership with Safety High Tech and Messrs. Banini and Binotti advances our desire to identify markets for our services outside of the U.S. that will enable us to grow our market share. SHT’s existing fire suppression customers in Europe, the Middle East and Asia are primarily industrial customers and prime candidates for the services that Hudson Technologies Europe will provide. As government mandated phase outs and/or use restrictions of all refrigerants, including Hydrofluorocarbon (“HFC”), HCFC, and CFC-based substances create shortages and/or use restrictions of these gases, and as mandatory GHG reductions require the industry to reduce GHG emission, Hudson Technologies Europe will be in a position to provide reclamation and energy optimization services to the needs of SHT’s existing industrial customers. Additionally, our reclamation efforts give us access to the ozone depleting gases that have high value in the carbon credit market, a market that is currently significantly more active in Europe than in the U.S. We are excited by this opportunity and look forward to working with SHT and BB toward the success of this combined venture.”

Aldo Indovino, Safety Hi-Tech’s President, commented on the joint venture: “Hudson’s proven ability to provide proprietary on-site decontamination and energy optimization services makes this joint venture the perfect solution for the European market for many reasons. The opportunity to provide cost-effective energy optimization services, and the ability to access government incentive programs, will set this joint venture apart from others. We are also pleased to have Messrs. Banini and Binotti as part of this joint venture. They specialize in energy and environmental issues and will provide Hudson Technologies Europe with dedicated human resources to promote public awareness of the significant role of energy optimization for large comfort and process cooling systems as a part of the overall strategies to combat Global Warming.”

Stefano Binotti, one of the BB partners, commented on the new project, “Our participation in the Joint Venture represents a very significant moment for us. Both our American and Italian partners are companies with extensive knowledge and experience in their respective fields. We believe their combined technical and commercial expertise, synergistically integrated with our professional experience, will lead Hudson Technologies Europe to successfully develop its business in the European, North African and Middle Eastern markets.”

About Hudson Technologies

Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide^® Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide^®Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. For further information on Hudson, please visit the Company’s web site at www.hudsontech.com.

About Safety Hi-Tech

Safety Hi-Tech (“SHT”) is a customer-focused supplier of advanced solutions for the Fire-Fighting sector which serves customers and markets through a network of integrated sales, production, research and technical services. SHT is a pioneer in clean agent fire suppression technologies, providing a proprietary, patented alternative to Halon, a chemical compound derived from hydrocarbons which has been identified as a significant contributor to the destruction of the ozone layer. SHT’s patented NAF S 125 and NAF S 227 Fire Extinguishing Agents and Systems have gained worldwide acceptance and recognition from leading environmental and technical authorities and have achieved significant market share in several geographies in Europe and other locations around the world. SHT’s Fire Extinguishing Agents have been included in the US Environmental Protection Agency’ SNAP List as acceptable Halon 1301 replacements and have been approved by internationally recognized testing laboratories, including Underwriters Laboratories Inc. and the Loss Prevention Certification Board.

www.safetyhitech.com

About Banini & Binotti

Stefano Banini and Stefano Binotti are the owners of the engineering firm of Banini Binotti Associates (BB) and have been together since 1995. Since then, they have operated in Italy and abroad as consultancy suppliers for environmental and energy issues. The firm targets its services mainly to public companies and governmental institutions and generally acts as project managers and project developers. Through the support of specific skills, innovative perspectives and a professional staff, BB offers a full range of solutions and services in environmental engineering and sustainable development. Since the establishment of the firm, BB has operated as consultants to the Italian Ministry for the Environment Land and Sea. In 2008 they promoted the establishment of a Public Private Partnership between a number of Italian state-based universities and private companies. The firm now operates at both the national and international level, and is oriented to develop itself as an open network aimed at promoting a collaborative environment between the academic world, institutions and private/public companies.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the markets for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company’s ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements which become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, factors associated with the joint venture which include the ability of the parties to perform their obligations under the joint venture agreement, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the U.S. including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the joint venture may seek to conduct business, and other risks detailed in the Company’s periodic reports filed with the Securities and Exchange Commission. The words “believe”, “expect”, “anticipate”, “may”, “plan”, “should” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.

Dynatronics (DYNT) Signs Agreement With CHAMPS Group Purchasing

SALT LAKE CITY, July 14, 2011 /PRNewswire/ — Dynatronics Corporation (NASDAQ:DYNT – News) today announced the signing of an agreement with CHAMPS Group Purchasing to promote Dynatronics’ products to the 4,000 CHAMPS member facilities across the country. CHAMPS Group Purchasing is one of the leading affiliates of Premier Inc.’s group purchasing organization (GPO).

“We are very impressed with the broad product line and excellent service offered by Dynatronics,” stated Jan Elder, contracting director at CHAMPS Group Purchasing. “In our role of providing value to our members, we believe Dynatronics’ line of quality therapy devices and medical supplies will be very attractive to our member facilities.”

The signed pact with CHAMPS Group Purchasing includes Dynatronics’ therapy equipment and supplies, as well as the company’s Stream electronic patient communications platform.

“As a significant player in the group purchasing arena, CHAMPS is well positioned to facilitate the adoption of Dynatronics’ products and services throughout their chain,” stated Larry K. Beardall, executive vice president of sales and marketing of Dynatronics. “With their expertise in clinical products and needs, we are thrilled they have recognized the value and benefits we offer and have agreed to help promote our 12,000 products to their member facilities.”

“We believe this agreement is an important step forward in converting GPO business to our brand, and in strengthening our working relationship with the CHAMPS Group Purchasing,” added Beardall.

About CHAMPS Group Purchasing Organization

As healthcare group purchasing experts, CHAMPS helps the healthcare industry save money and lightens the contracting burden for purchasing managers. For nearly 19 years, CHAMPS Group Purchasing has been an affiliate of Premier, Inc., one of the largest healthcare buying groups in the country, with over $36 billion in volume and over 1,700 contracts. CHAMPS provides personal and expert service, aggregated contract portfolio and custom contract offerings to more than 4,000 clients nationwide. More information regarding CHAMPS GPO is available at www.CHAMPSGPO.com.

About Dynatronics

Dynatronics Corporation manufactures, markets and/or distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment, and patient engagement technology for the physical therapy, sports medicine, chiropractic, podiatry, plastic surgery, dermatology and other related medical, cosmetic and aesthetic markets. More information regarding Dynatronics is available at www.dynatronics.com.

New Energy Systems Group (NEWN) Announces Addition to Russell Microcap Index

SHENZHEN, China, June 30, 2011 /PRNewswire-Asia-FirstCall/ — New Energy Systems Group (NYSE Amex: NEWN) (“New Energy” or the “Company”), a vertically-integrated original design manufacturer and distributor of lithium ion batteries and consumer branded backup power systems, today announced that it has been added to the Russell Microcap Index effective June 24, 2011.

Russell Investments, a leading financial services provider serving individual and institutional investors, rebalances its entire family of indexes every year to maintain true representation of global equity markets, capitalization and style. Companies are added and deleted from the various indices according to these changes. The Russell Microcap Index Fund had approximately $497 million of assets as of June 28, 2011.

New Energy Chairman Weihe Yu stated, “We are proud to be a part of an index that includes premier companies such as Orbitz Worldwide and Rosetta Stone. It signifies the progress New Energy has made in a short period of time. As we continue to execute our growth strategies in the years ahead, we will strive to deliver significant shareholder value.”

About New Energy Systems Group

New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for leading manufacturers of mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. The Company’s end-user consumer products are sold under the Anytone® brand in China while it’s commercial and OEM batteries and battery components are sold under New Power and E’Jenie. The fast pace of new mobile device introductions in China combined with a growing middle class make it fertile ground for New Energy’s end-user consumer products, as well as its high powered, light weight lithium ion batteries. In addition to historically strong organic growth, New Energy is expected to benefit from economies of scale, broader distribution and higher profit margins in 2011. Additional information about the company is available at: www.newenergysystemsgroup.com.

Forward Looking Statements

This release contains certain “forward-looking statements” relating to the business of the Company and its subsidiary and affiliated companies. These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to 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.

Midway (MDW) Reports Long Gold Intercepts at Spring Valley Project, Nevada

Jul. 13, 2011 (Business Wire) — Midway Gold Corp. (“Midway” or the “Company”) (MDW:TSX-V; MDW:NYSE-AMEX) announces results calculated from data provided by Barrick Gold Exploration Inc. (“Barrick”), who is earning into Midway’s Spring Valley Project, Nevada. Highlights include metallic screen assays with gold intercepts of 166 meters of 1.48 grams per tonne (gpt) gold, including 23 meters of 2.15 gpt gold in SV10-510, and 218 meters of 2.7 gpt gold including 41 meters of 12.3 gpt in SV10-511c.

2010 Drilling

On the north end of the known resource, metallic screen assays for drill hole SV10-510 report 166 meters of 1.48 gpt gold, which includes 23 meters of 2.15 gpt gold, and hole SV10-511c contains 218 meters of 2.7 gpt gold, which also includes 41 meters of 12.3 gpt gold. This northern zone appears to remain open to the north, and additional infill drilling will be required to include this zone with the currently defined gold resource.

South of the existing resource (see map below), metallic screen assays for drill hole SV10-499 confirm the presence of a 205-meter-thick zone of anomalous mineralization averaging 0.24 gpt gold. This thick anomalous gold zone, only 1,800 meters from the known resource area, suggests that the intervening ground is ideally located for on-going exploration and resource expansion. Additional reverse circulation (RC) and core drilling will test this zone and its continuity with the known gold resource.

Final metallic screen assay results have been received for 12 holes drilled in 2010. Assays are pending for two 2010 core drill holes. Highlights of the first quarter drill results as calculated by Midway are summarized in the table below. These new metallic screen assays include some intervals that Midway considers significantly better than previously reported intercepts based on fire assays (Midway press release dated February 24, 2011). Metallic screen assays analyze a larger quantity of the sample and are more reliable when coarse gold is present.

2011 Drilling

The 2011 drilling program commenced in early April, and two RC rigs and one core rig are currently operating. The 2011 drill plan is focused on expanding the resource and evaluating property acquired near the end of 2010 south of the current resource area. In addition to drilling, cultural and biological surveys, hydrogeologic studies and trace element analyses are underway to support future permit applications.

To view a map of the 2011 Resource Area and 2011 Drill Targets at Spring Valley, please click on the following link: To view a map of the 2011 Resource Area and 2011 Drill Targets at Spring Valley, please click on the following link: http://www.usetdas.com/pr/midwaymap.gif.

Spring Valley is a large, porphyry-hosted gold system. A May, 2011 updated resource estimate reported 2.16 million ounces of gold in the combined Measured and Indicated categories at a cut-off grade of 0.14 gpt. There is an additional Inferred resource of 1.97 million ounces of gold at the same cut-off grade. The Measured resource is 0.93 million ounces contained within 59.0 million tonnes grading 0.49 gpt, the Indicated resource is 1.23 million ounces contained within 85.8 million tonnes grading 0.45 gpt, and the Inferred resource is contained within 103.9 million tonnes grading 0.59 gpt. The estimate was prepared for Midway by Gustavson Associates, LLC of Lakewood, Colorado (Midway press release dated May 2, 2011).

Under the terms of a March 9, 2009 agreement between Midway and Barrick, Barrick will earn a 60% interest in the project by completing work expenditures totaling US$30 million before December 31, 2013. Barrick has informed Midway that it intends to conduct and fund the minimum required program of US$7 million in 2011, resulting in cumulative expenditures of US$16 million by December 31, 2011.

Reverse circulation drilling was conducted by Hard Rock Drilling of Elko, Nevada. Core drilling was conducted by TonaTec Exploration of Mapleton, Utah. Drill hole numbers ending with a “C” indicate core holes. Samples were assayed by ALS-Chemex Labs, in Sparks, Nevada by 30-gram fire assays (FA) or 1000-gram metallic screen assays (MS). Results reported represent thickness along the trace of the drill hole and do not necessarily represent true thickness.

Data provided to Midway by Barrick and disclosed in this press release have been reviewed for Midway by William S. Neal, (M.Sc., CPG), a “Qualified Person” as that term is defined in National Instrument 43-101.

ON BEHALF OF THE BOARD

“Kenneth A. Brunk”

Kenneth A. Brunk, President, COO and Director

About Midway Gold Corp.

Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate mines in a manner accountable to all stakeholders while producing an acceptable return to its shareholders. For more information about Midway, please visit our website at www.midwaygold.com or contact R.J. Smith, Vice President of Administration, at (877) 475-3642 (toll-free).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company’s intended work plans for the Spring Valley project and resource estimates. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company’s actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company’s intended work plans for the Spring Valley project, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company’s properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Company’s SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company’s management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.

Cautionary note to U.S. investors concerning estimates of reserves and resources: This press release and the technical report referred to in this press release use the terms “resource”, “reserve”, “measured resources”, “indicated resources” and “inferred resources”, which are terms defined under Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Estimates of mineral resources in this press release and in the technical report referred to in this press release have been prepared in accordance with NI 43-101 and such definitions differ from the definitions in U.S. Securities and Exchange Commission (“SEC”) Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Mineral resources are not mineral reserves and do not have demonstrated economic viability. We advise investors that while those terms are recognized and required by Canadian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves as defined in the SEC’s Guide 7. In addition, “inferred resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant “reserves” as in-place tonnage and grade without reference to unit measures. It cannot be assumed that all or any part of mineral deposits in any of the above categories will ever be upgraded to Guide 7 compliant reserves. Accordingly, disclosure in this press release and in the technical reports referred to in this press release may not be comparable to information from U.S. companies subject to the reporting and disclosure requirements of the SEC.

Midway Gold Corp.

R.J. Smith, 877-475-3642 (toll-free)

Vice President of Administration

Gulf Resources (GURE) Reaffirms its Corporate Structure and the Chairman’s Intention to Maintain His Ownership of Common Stock

SHANDONG, China, July 13, 2011 /PRNewswire-Asia-FirstCall/ — Gulf Resources, Inc. (Nasdaq:GURE – News) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that its Chairman, Ming Yang and his family will hold their shares for the next three years and confirmed that Gulf Resources maintains 100% ownership of its two PRC subsidiaries Shouguang City Haoyuan Chemical Ltd. Co. (“SCHC”) and Shouguang Yuxin Chemical Industry Co., Ltd. (“SYCI”)

The Company’s Chairman, Mr. Yang and his family together own 13,391,453 shares, which is approximately 38.7% of the Company’s total outstanding shares of common stock. In a letter to shareholders, Mr. Yang and his family have declared that they are very confident in the Company’s future and will not pledge or sell any of their shares in the next three years. The letter signed by Mr. Yang, his wife, Wenxiang Yu and their son, Zhi Yang is included as an exhibit to a Form 8-K to be filed on July 13, 2011.

Gulf Resources’ corporate structure remains linear and unchanged since February 2007 and the Company maintains full control over its operating subsidiaries. The Company owns 100% of the outstanding shares of Upper Class Group Limited, which owns 100% of the outstanding shares of Hong Kong Jiaxing, which owns 100% of the outstanding shares of SCHC, which owns 100% of the outstanding shares of SYCI. The Company includes the shareholder lists for SCHC and SYCI and a schematic presentation of its ownership structure in an exhibit to a Form 8-K to be filed on July 13, 2011.

About Gulf Resources, Inc.

Gulf Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited (“SCHC”) and Shouguang Yuxin Chemical Industry Co., Limited (“SYCI”). The Company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil & gas field explorations and as papermaking chemical agents. For more information about the Company, please visit http://www.gulfresourcesinc.cn/.

Forward-Looking Statements

Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company‘s reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Comstock Homebuilding Companies (CHCI) Announces Strategic Alliance With SunBridge Capital Management

Scorpex (SRPX) Signs Definitive Agreement to Acquire Scorpex International

LAS VEGAS, NV–(Marketwire – 07/11/11) – Scorpex, Inc. (Pinksheets:SRPX) (the “Company”) today announces that it has entered into a definitive agreement to acquire Scorpex International, Inc. The acquisition has been effected through the merger of a direct wholly-owned subsidiary of the Company with Scorpex International. Scorpex International is now a wholly-owned subsidiary of the Company.

Scorpex International, Inc., formerly known as Scorpion International Waste Solutions, Inc., is a development stage company in the hazardous and toxic waste industry. With its first facility located near Ensenada, Mexico, Scorpex International is developing its first property for the storage, recycling, treatment, and disposal of hazardous waste. Once completed, Scorpex International will have the only industrial waste processing facility of its kind in Baja Mexico.

It is intended that the transaction will qualify for a tax free plan of reorganization pursuant to the provision of Sections 368(a)(1)(B) of the Internal Revenue Code of 1985, as amended. Pursuant to the terms of the agreement, each issued and outstanding share of Scorpex International stock, other than those cancelled, has been converted into the right to receive 75 percent of one share of the Company’s stock.

Joseph Caywood, Chief Executive Officer, stated, “We are very excited to bring this emerging growth story to the public markets and will be working diligently to start the audit process and further increase transparency and industry awareness by engaging a third party valuation company. With access to equity financing, we will be able to accelerate our growth strategy to capitalize on the burgeoning opportunities in the Baja Mexico/California region where demand for waste management exceeds capacity.”

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.

YRC Worldwide (YRCW) Obtains Commitments for $400 Million Asset-Based Loan Facility

Guanwei (GPRC) Granted Expanded Imported Waste Quota; Sets Sights on Increased Production

FUQING CITY, CHINA — (Marketwire) — 07/11/11 — Guanwei Recycling Corp. (NASDAQ: GPRC), China’s leading clean tech manufacturer of recycled low density polyethylene (LDPE), announced today that it received official government approval for expansion of its quota for imported plastic waste which will allow continued strong growth of its recycled plastic production.

Having met the rigorous requirements for obtaining the higher quota, the Company reported its aggregate quota of 59,000 tons of imported plastic waste has been increased to 99,000 tons in 2011, which will grow to 185,000 tons next year, following another required abbreviated permitting process.

Further, all 40,000 additional tons in its quota this year are in Guanwei’s name, as will be 150,000 tons of the quota next year. An additional 35,000 tons continue to be in the name of another company which has contracted them to Guanwei for a ten year period.

The Company added it views the granting of the higher quota as a strong endorsement of its state of the art environmentally friendly manufacturing facility. Protecting the environment is a key focus of the Company and of the regulators who have granted the increase at the local, regional and national level.

Strong Demand Will Translate Higher Quotas to Higher Revenues

“Demand for our recycled LDPE has continued to grow every year,” stated Mr. Chen Min, Chairman and CEO of the Company. He added, “While it’s a bit too early this year to make a specific forecast, historically we have seen revenue growth of about 30% annually. With this increased import quota we have the ability to focus on plans to more than double production capacity. We are excited about this milestone event for the Company and are looking forward to executing our growth plans.”

Description of Guanwei Recycling Corp.

Guanwei Recycling Corp. is China’s largest manufacturer of recycled low density polyethylene (LDPE). Adhering to the highest “green” standards, it has generated rapid growth producing LDPE from plastic waste procured mostly in Europe for sales to more than 300 customers in ten different industries in China. Guanwei Recycling Corp. is one of the few plastic recyclers in China that has been audited by German authorities, most recently Umweltagentur Erftstadt, for compliance with German pollution and environmental standards. This allows the company to procure high quality plastic waste directly from Germany and other European countries (Spain and Holland), with no middlemen, and permits highly economic production of the highest grades of LDPE. Additional information regarding Guanwei Recycling Corp. is available at www.guanweirecycling.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
Mark Miller
East West Network Group
mmeastwest@hotmail.com
Ph: (770) 436-7429

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

ADA-ES (ADES) Provides Update on Refined Coal Activities

Jul. 11, 2011 (Business Wire) — ADA-ES, Inc. (NASDAQ: ADES) (“ADA” or “the Company”) today provided an update on the progress of activities at Clean Coal Solutions, LLC (“Clean Coal”), the Company’s joint venture with an affiliate of NexGen Resources Corporation and an affiliate of The Goldman Sachs Group, Inc. Clean Coal’s patented coal technology, CyClean, is a cost effective coal technology used to produce Refined Coal (“RC”), which reduces emissions of NOx and mercury, and qualifies for IRS Section 45 tax credits of over $6.33 per ton of coal.

ADA reported that in June 2011, Clean Coal completed the first year of operation of two facilities that produce RC for four boilers at two power plants in the Midwest. In their first year of operation, the two new facilities generated approximately $20 million in revenue and about $9 million in operating income for ADA. Over the next nine years, these facilities are expected to generate between $8 and $9 million in annual operating income for ADA.

The Company also announced that in June 2011, Clean Coal installed the first of 16 planned new facilities at a plant that is expected to burn up to four million tons of RC each year. This new facility was operated for the period of time deemed necessary to meet IRS “placed-in-service” requirements, and when burned, the RC produced demonstrated the reductions in mercury and NOx emissions necessary to qualify for the tax credit. The next four facilities are scheduled to be installed in July and August at plants burning an aggregate of approximately 10 million tons of coal per year. Following the completion of the facility demonstrations, operating permits and contracts between the utilities and the financial institution monetizing the tax credits will need to be finalized prior to commencing full-time operations, which are expected to occur late in the third quarter and in the fourth quarter of this year.

Clean Coal expects to install and commence operating the remaining 11 planned RC facilities in the fall, and is establishing schedules with customers in support of that goal. Clean Coal is financing the construction and installation of the 16 new RC facilities with a $10 million line of credit established with a commercial bank. Additional cash should also be available from expected payments of “pre-paid rent” from the monetizer on each facility as it achieves milestones of placed-in-service and full-time operation.

Dr. Michael D. Durham, President and CEO of ADA, commented, “Following Congressional approval in December 2010 that extended by one year the period in which companies may build and install RC facilities, ADA has committed to fabricate and hopes to place-in-service 16 new RC facilities by the end of 2011. Each of these facilities is capable of producing one to five million tons of RC per year, which will result in significant reductions in harmful emissions and material financial benefits for those who utilize the technology. We are very pleased with the progress we are making with regards to this expansion, and look forward to further applications of this proven technology.”

About ADA-ES

ADA-ES is a leader in clean coal technology and the associated specialty chemicals, serving the coal-fueled power plant industry. Our proprietary environmental technologies and specialty chemicals enable power plants to enhance existing air pollution control equipment, minimize mercury, CO₂ and other emissions, maximize capacity, and improve operating efficiencies, to meet the challenges of existing and pending emission control regulations.

With respect to mercury emissions:

• We supply activated carbon (“AC”) injection systems, mercury measurement instrumentation, and related services.
• We are also a joint venture participant in ADA Carbon Solutions (“ADA-CS”), which has commenced operations at its AC production facility
• Under an exclusive development and licensing agreement with Arch Coal, we are developing and commercializing an enhanced Powder River Basin (“PRB”) coal with reduced emissions of mercury and other metals.
• Through our consolidated subsidiary, Clean Coal Solutions, LLC (“Clean Coal”), we provide our patented Refined Coal technology, CyClean, to enhance combustion of and reduce emissions from burning PRB coals in cyclone boilers.

In addition, we are developing CO₂ emissions technologies under projects funded by the U.S. Department of Energy (“DOE”) and industry participants.

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a “safe harbor” for such statements in certain circumstances. The forward-looking statements include, but are not necessarily limited to, statements about our plans and expectations regarding our Refined Coal projects, including CCS’ ability to timely build and “place into service” the Refined Coal facilities it has planned prior to the extended placed in service deadline of January 1, 2012, the ability of each RC facility to produce Refined Coal that qualifies for Section 45 tax credits, the amount of RC to be produced at each RC facility and the amount of revenue that each facility will generate, the ability to monetize the Section 45 tax credits that each facility is expected to generate, and the ability to timely complete all of the necessary demonstrations, operating permits and contracts between the utilities and the financial institution monetizing the tax credits. These statements are based on current expectations, estimates, projections, beliefs and assumptions of our management. Such statements involve significant risks and uncertainties. Actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors, including but not limited to, changes in laws and regulations; the impact of our ongoing legal proceedings; availability of adequate working capital; availability, cost of and demand for alternative energy sources and other technologies; technical, start-up and operational difficulties; the inability of CCS’ current leased facilities to continue to produce coal which qualifies for IRS Section 45 tax credits and CCS’ ability to build and “place in service” its planned new facilities to meet the extended Section 45 tax credit placed-in-service deadline for the IRS Section 45 tax credits; loss of key personnel, and other factors discussed in greater detail in our filings with the Securities and Exchange Commission (SEC). You are cautioned not to place undue reliance on our forward-looking statements and to consult filings we make with the SEC for additional risks and uncertainties that may apply to our business and the ownership of our securities. Our forward-looking statements are presented as of the date made, and we disclaim any duty to update such statements unless required by law to do so.

ADA-ES, Inc.

Michael D. Durham, Ph.D., MBA, President

Mark H. McKinnies, Senior VP & CFO

303-734-1727

www.adaes.com

or

Investor Relations Counsel

The Equity Group Inc.

www.theequitygroup.com

Melissa Dixon, 212-836-9613

MDixon@equityny.com

or

Devin Sullivan, 212-836-9608

DSullivan@equityny.com

Kandi Technologies (KNDI) and State Grid Corporation Affiliate Sign Strategic Cooperation Agreement

Mad Catz (MCZ) Announces Xbox 360 Publisher License Agreement

Jul. 7, 2011 (Business Wire) — Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today it has entered into a Publisher License Agreement with Microsoft^® Corporation (“Microsoft”). The agreement allows Mad Catz to submit games to be published on the Xbox 360^® video game and entertainment system from Microsoft.

Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. stated, “The execution of the Xbox 360 Publisher License Agreement marks an important milestone as we pursue our longer term goal of expanding our participation in developing, publishing and distributing games.”

About Mad Catz

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed primarily under its Mad Catz^® (casual gaming), Cyborg™ (pro gaming), Tritton^® (gaming audio), Saitek^® (simulation), and Eclipse™ (home and office) brands. Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; operates a videogame content website under its GameShark^® brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. Mad Catz distributes its products through most leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to www.madcatz.com.

Social Media

Facebook® Page: http://www.facebook.com/MadCatzInc

Twitter® Page: http://twitter.com/MadCatzInc

YouTube® Channel: http://www.youtube.com/MadCatzCompany

Safe Harbor

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.

Xbox, Xbox 360, and Xbox LIVE are either registered trademarks or trademarks of the Microsoft group of companies.

Mad Catz Communications:

Alex Verrey, +44 (0) 1908 336 538

Global PR and Communications Manager

averrey@madcatz.com

or

Investor Relations:

Jaffoni & Collins Incorporated

Joseph Jaffoni, Norberto Aja, Jim Leahy, +1 212-835-8500

mcz@jcir.com

Magic Software (MGIC) Works With Microsoft SharePoint 2010 to Extend Oracle Systems

Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of mobile, cloud, and on-premise enabled application platforms and business integration solutions, announced today that on July 11, 2011, it will be making an announcement to the Microsoft Worldwide Partner Conference in Los Angeles that Microsoft Corp. partners are now eligible for a SpeedTrack Authorization Program to offer the iBOLT integration platform for Microsoft SharePoint 2010, JD Edwards and PeopleSoft. Companies deploying these systems can use Magic Software’s iBOLT Integration for Microsoft SharePoint 2010 to share information through their SharePoint 2010 deployment. As an initial step, Magic Software is promoting iBOLT with capabilities for SharePoint 2010 and Oracle JD Edwards.

The success of SharePoint 2010 has generated market demand for a simple approach to business process orchestration with back-end software systems, including legacy applications. iBOLT’s “drag, drop and configure” approach to business process integration means that Oracle customers can utilize SharePoint 2010 to manage the overall user experience and iBOLT to orchestrate the back-end integration, regardless of line-of-business application or database platform.

iBOLT dramatically reduces the amount of time necessary to design new business process flows and provides a robust and scalable solution for integration. This is achieved through Magic Software’s smart metadata-driven approach. This approach helps future-proof integration projects so that when underlying technologies and systems change, adaptation efforts are kept to a minimum.

Magic Software provides Microsoft partners with additional tools and solutions to help offer SharePoint 2010 to the enterprise market. The SpeedTrack Authorization Program that will be announced at the Microsoft Worldwide Partner Conference includes simplified authorization, technical training and go-to-market resources.

“Magic Software’s iBOLT represents a vast simplification of effort for both enterprise customers and their service providers. Businesses that are already using SharePoint 2010 and Oracle JD Edwards, for example, are able to implement end-to-end business processes and changes almost effortlessly,” said Magic Software Enterprises Americas CEO Regev Yativ.

Commitment to the Needs of Oracle Customers

SharePoint 2010 offers enterprise-grade capabilities in areas such as content management, business intelligence, portal, search, social software and more. Today’s announcement reflects a commitment to enable customers to unlock the value of backend business data and make it accessible to the entire organization.

“SharePoint 2010 is an easy and effective way for users to interact with the processes and data important for their business,” said Jared Spataro, director of SharePoint product marketing at Microsoft. “Solutions like iBOLT will enable customers of all sizes to create SharePoint 2010 applications that access legacy business applications.”

About Magic Software Enterprises

Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a global provider of mobile, cloud and on-premise application platform solutions, and business and process integration solutions. For more information, visit http://www.magicsoftware.com.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company’s most recent annual report and other filings with the Securities and Exchange Commission.

Magic is the trademark of Magic Software Enterprises Ltd. All other trademarks are the trademarks of their respective owners.

Magic Software press contact:

Tania Amar
Magic Software
Tel: +972(0)3-538-9300
Email: tania@magicsoftware.com

SOURCE Magic Software Enterprises Ltd

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

New Energy Systems Group (NEWN) Announces Addition to Russell Microcap Index

SHENZHEN, China, June 30, 2011 /PRNewswire-Asia-FirstCall/ — New Energy Systems Group (NYSE Amex: NEWN) (“New Energy” or the “Company”), a vertically-integrated original design manufacturer and distributor of lithium ion batteries and consumer branded backup power systems, today announced that it has been added to the Russell Microcap Index effective June 24, 2011.

Russell Investments, a leading financial services provider serving individual and institutional investors, rebalances its entire family of indexes every year to maintain true representation of global equity markets, capitalization and style. Companies are added and deleted from the various indices according to these changes. The Russell Microcap Index Fund had approximately $497 million of assets as of June 28, 2011.

New Energy Chairman Weihe Yu stated, “We are proud to be a part of an index that includes premier companies such as Orbitz Worldwide and Rosetta Stone. It signifies the progress New Energy has made in a short period of time. As we continue to execute our growth strategies in the years ahead, we will strive to deliver significant shareholder value.”

About New Energy Systems Group

New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for leading manufacturers of mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. The Company’s end-user consumer products are sold under the Anytone® brand in China while it’s commercial and OEM batteries and battery components are sold under New Power and E’Jenie. The fast pace of new mobile device introductions in China combined with a growing middle class make it fertile ground for New Energy’s end-user consumer products, as well as its high powered, light weight lithium ion batteries. In addition to historically strong organic growth, New Energy is expected to benefit from economies of scale, broader distribution and higher profit margins in 2011. Additional information about the company is available at: www.newenergysystemsgroup.com.

Forward Looking Statements

This release contains certain “forward-looking statements” relating to the business of the Company and its subsidiary and affiliated companies. These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to 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.

American Lorain Corp. (ALN) Announces Share Repurchase Program

RiT (RITT) to Provide its IIM Solution for Datacenter Management to Global Financial Institution

RiT Technologies (NASDAQ: RITT), the world-leading provider of intelligent infrastructure solutions, today announced that it has received several major new orders from one of its largest customers, a top-tier diversified financial services company. The orders, which total over one million dollars, are for the expansion of the PatchView™ intelligent infrastructure management (IIM) systems currently deployed in the client’s international headquarters and central datacenters.

This global account has been a satisfied RiT customer for many years, and credits RiT’s PatchView(TM) with having helped it maximize network continuity, minimize ongoing maintenance costs, enforce physical layer security and simplify infrastructure planning. The projects will include the implementation of IIM systems in new datacenter and people workspace facilities in branch offices, and the integration of the RiT solution throughout the organization with the customer’s internal systems.

“We are proud of the relationship we have built with this prestigious customer, who became one of the industry’s earliest adopters of our PatchView IIM, and quickly came to rely on it as a strategic infrastructure management tool,” said Eran Ayzik, RiT’s President and CEO. “Over the years, our deployments in the customer’s mission-critical headquarters and datacenter networks have proved PatchView’s ability to streamline complex infrastructure operations and to slash the time required to deploy large-scale projects. In addition, we have differentiated ourselves consistently through our ability to support the customer through all the stages of the project with tailor-made and customized solutions.”

Mr. Ayzik continued, “Now that the IIM concept is gaining mainstream acceptance from additional top-tier enterprises, we are benefiting from our extensive track record with this and other satisfied customers worldwide. We believe this will help us secure additional large-scale customers, and hopefully to form relationships that translate into multi-year streams of ongoing revenues.”

About RiT Technologies

RiT is a leading provider of intelligent solutions for infrastructure management, asset management, environment and security, and network utilization. RiT Enterprise solutions address datacenters, communication rooms and workspace environments, ensuring maximum utilization, reliability, decreased downtime, physical security, automated deployment, asset tracking, and troubleshooting. RiT Carrier solutions provide carriers with the full array of network mapping, testing and bandwidth qualification capabilities needed for access network installation and service provisioning. RiT’s field-tested solutions are delivering value in thousands of installations for top-tier enterprises and operators throughout the world.

For more information, please visit our website: http://www.rittech.com

Safe Harbor Statement

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,““anticipate,“ “expect,““plan,““intend, ““estimate”, “forecast”, “target“, “could“ and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For example, when we discuss a field trial which could lead to a multi-million dollar Carrier deal, we are using a forward looking statement. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described under the heading “Risk Factors“ in our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 20-F, which may be revised or supplemented in subsequent reports filed with the SEC. These factors include, but are not limited to, the following: our ability to raise additional financing, if required; the continued development of market trends in directions that benefit our sales; our ability to maintain and grow our revenues; our dependence upon independent distributors, representatives and strategic partners; our ability to develop new products and enhance our existing products; the availability of third-party components used in our products; the economic condition of our customers; the impact of government regulation; and the economic and political situation in Israel. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Company Contact:
Moti Antebi
CFO
+972-3-766-4249
motia@rit.co.il

SOURCE RiT Technologies Ltd

Leading Brands, Inc. (LBIX) Announces Q1 Results

VANCOUVER, British Columbia, June 30, 2011 (GLOBE NEWSWIRE) — Leading Brands, Inc. (Nasdaq:LBIX), North America’s only fully integrated healthy branded beverage company, announces results for its first quarter of fiscal 2011, which ended May 31, 2011. All financial amounts are denominated in Canadian dollars, with all financial figures rounded to the nearest $000.

Q1 net income was $448,000 or $0.13 per share ($0.12 fully diluted) versus net income of $408,000 or $0.10 per share in the same quarter of fiscal 2010. Q1 net income before stock based compensation (SBC) increased to $617,000 or $0.18 per share ($0.17 fully diluted) versus $478,000 or $0.12 per share in the same quarter last year.

Q1 EBITDAS (Earnings Before Interest, Depreciation, Amortization and SBC) was $1,031,000 or $0.29 per share ($0.28 fully diluted), a 15% increase over $897,000 or $0.23 per share during the same period last year.

Non-GAAP Net Income before SBC is determined as follows:

Non-GAAP Net Income per share before SBC are determined as follows:

Pro-forma results for EBITDAS, as defined below, are determined as follows:

EBITDAS per share reconciles to earnings per share as follows:

Gross profit margin for the quarter was 40.3%, up from 39.2% in the same quarter last year. In Q4 of fiscal 2010 the Company adjusted how it applied certain overhead, freight and warehousing costs, thereby increasing cost of goods sold and reducing SG&A costs.

Gross revenue for Q1 was $5,345,000, versus $5,556,000 last year. The small decline in revenues is principally due to colder than average weather conditions in the Company’s principal markets during Q1. Additionally, the Company discontinued distribution of a licensed beverage brand in January 2011.

Discounts, rebates and slotting fees were $340,000 in Q1, down from $419,000 in Q1 of the prior year. SG&A expenses were $1,208,000 in Q1 of fiscal 2011, versus $1,195,000 the previous year.

As at the end of Q1 the Company had cash and available credit totaling approximately $2,139,000. This is lower than the same time last year as the Company increased inventory in advance of the busy summer season higher than in the previous year and an account receivable by the Company was overdue at quarter end and that amount has now been fully collected.

During Q1 the Company repurchased an additional 98,813 shares of its common stock at an average price of $3.36 US per share, pursuant to its share repurchase program. As at May 31, 2011 the Company had outstanding 3,484,536 common shares. The Company believes that its common share price remains undervalued and will continue with its share repurchase program, which has $930,000 US remaining authorized under it.

Early Warning Notice

The Company’s Chairman and CEO, Ralph McRae, has acquired common shares and options to acquire common shares which together have increased his ownership or control over common shares and stock options of the Company to approximately 12.2% (on a partially diluted basis assuming exercise of the options held by Mr. McRae). As at this date, Mr. McRae owns or controls 176,616 common shares of the Company and 283,500 stock options that are vested. During the past year Mr. McRae acquired ownership of, or control over, options to purchase 265,000 common shares of the Company at $2.45 US per share, privately as an incentive under the Company’s compensation arrangements. 20,000 of those options were acquired by his spouse who provides sales and marketing services to the Company. Mr. McRae acquired ownership of an additional 20,220 common shares of the Company via open market transactions during the past year.

Of the securities owned or controlled by Mr. McRae, 91,000 common shares are held by BBI Holdings, Inc. and 4,040 common shares and options to purchase 26,170 common shares are held by his spouse. Mr. McRae is the sole shareholder and director of BBI Holdings, Inc.

Mr. McRae has no present intention to dispose of these securities, although he may in the future acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances and market conditions warrant.

A copy of the Early Warning Report being filed with the applicable securities regulators regarding the transactions will be available on SEDAR (www.sedar.com). A copy of the Early Warning Report and further information may also be obtained by contacting Marilyn Kerzner of the Company at (604) 685-5200 (x270).

AGM

The Company’s Annual General Meeting was held on June 29, 2011. All motions put to the Meeting, being those described in the Notice of Meeting and supporting materials mailed to shareholders, were passed with significantly greater percentages than required. James Corbett was elected as a director of the Company for an additional three year term.

About Leading Brands, Inc.

Leading Brands, Inc. (Nasdaq:LBIX) is North America’s only fully integrated healthy beverage company. Leading Brands creates, designs, bottles, distributes and markets its own proprietary premium beverage brands such as TrueBlue^® Blueberry Juice, LiteBlue^® Blueberry Juice, PureBlue^®, PureRed^®, PureBlack^® and PureWhite^® SuperJuices and BabyBlue^® childrens’ superfruit blends via its unique Integrated Distribution System (IDS)™ which involves the Company finding the best and most cost-effective route to market. The Company strives to use the best natural ingredients hence its mantra: Better Ingredients – Better Brands.

The Leading Brands, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2681

Non-GAAP Measures

Any non-GAAP financial measures referenced in this release do not have any standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other issuers.

EBITDAS is a non-GAAP financial measure. EBITDAS is defined as net income (loss) before income taxes, interest expense, depreciation and amortization and stock-based compensation. EBITDAS should not be construed as a substitute for net income (as determined in accordance with GAAP) for the purpose of analyzing operating performance, as EBITDAS is not defined by GAAP. However, the Company regards EBITDAS as a complement to net income and income before taxes.

Comparative Figures

In the year ended February 28, 2011, the Company reclassified amounts from selling, general and administrative expenses to cost of sales and foreign exchange gain. The comparative amounts presented herein were reclassified to conform with the current year’s presentation.

Forward Looking Statements

Certain information contained in this press release includes forward-looking statements. Words such as “believe”, “expect,” “will,” or comparable terms, are intended to identify forward-looking statements concerning the Company’s expectations, beliefs, intentions, plans, objectives, future events or performance and other developments. All forward-looking statements included in this press release are based on information available to the Company on the date hereof. Such statements speak only as of the date hereof. Important factors that could cause actual results to differ materially from the Company’s estimations and projections are disclosed in the Company’s securities filings and include, but are not limited to, the following: general economic conditions, weather conditions, changing beverage consumption trends, pricing, availability of raw materials, economic uncertainties (including currency exchange rates), government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other risk factors described from time to time in securities reports filed by Leading Brands, Inc. For all such forward-looking statements, we claim the safe harbor for forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Better Ingredients | Better Brands™

©2011 Leading Brands, Inc.

This news release is available at www.LBIX.com

(table follows)

CONTACT: Leading Brands, Inc.
         Tel: (604) 685-5200
         Email: info@LBIX.com

eMagin (EMAN) Added to Russell Global and Russell 3000 Indexes

Jun. 28, 2011 (Business Wire) — eMagin Corporation (NYSE Amex: EMAN), a global leader in OLED microdisplays and virtual imaging technologies, announced today that it has been added to the Russell Global and Russell 3000 Indexes effective June 24, 2011. The new membership lists for Russell Indexes are available at http://www.russell.com/indexes/tools-resources/reconstitution.asp.

Annual reconstitution of Russell’s U.S. indexes captures and ranks the largest U.S. stocks as of the end of May by total market capitalization. Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small cap, all-cap indexes as well as the applicable style, sector and country indexes. Membership in the Russell 3000, which also remains in place for one year, means automatic inclusion in the large cap Russell 1000^® Index or small-cap Russell 2000^® Index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

“We are pleased with eMagin’s addition to the Russell Global and Russell 3000 indexes, which we believe will help increase the Company’s visibility within the investment community as we continue to grow our business and expand our shareholder base,” stated Andrew Sculley, President and Chief Executive Officer of eMagin. “We have an exciting and growing global business in the OLED microdisplay space with state-of-the-art technology that addresses the demanding needs of the military and commercial markets worldwide.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading US$3.9 trillion in institutional assets currently are benchmarked to them.

More information about Russell Indexes is available at http://www.russell.com/indexes.

About eMagin Corporation

A leader in OLED microdisplay technology and personal display systems, eMagin integrates high-resolution OLED microdisplays with magnifying optics to deliver virtual images comparable to large-screen computer and television displays in portable, low-power, lightweight personal displays. eMagin microdisplays provide near-eye imagery in a variety of products from military, industrial, medical and consumer OEMs. The company’s own Z800 3DVisor provides 3D stereovision and headtracking for PC gaming, training and simulation, immersion therapy, and other applications. More information about eMagin is available at www.emagin.com.

Forward-Looking Statements

This press release contains 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, including those regarding eMagin Corporation’s expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors, including those described in the Company’s most recent filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. The business and operations of the Company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.

eMagin Corporation

Paul Campbell, 425-284-5220

pcampbell@emagin.com

Westport (WPRT) Signs Agreement with General Motors to Research Advanced Natural Gas Engine Technology

VANCOUVER, June 28, 2011 /CNW/ – Westport Innovations Inc. (TSX:WPT/NASDAQ:WPRT), a global leader in alternative fuel, low-emissions transportation technologies, today announced that it has entered into an agreement with General Motors (NYSE:GM/TSX:GMM) to help develop advanced natural gas engine technology. Both General Motors and Westport will bring their extensive expertise to develop natural gas engine controls, emissions and performance strategies.

“We are excited to work with GM and invest in advanced natural gas technology for the automotive market,” said Ian Scott, President of Westport’s Light-Duty Division. “This technology offers the promises of a cleaner, lower cost fuel and reduced carbon footprint, while advancing the use of domestic energy. This agreement demonstrates Westport’s success as an advanced technology partner to global automotive manufacturers. Westport’s recent announcement regarding the planned acquisition of Emer S.p.A., of Italy, is an integral part of our strategy to provide partners, such as GM, with the most advanced integrated solutions.”

Westport announced the planned opening of a new Technical Center in Michigan. Westport’s personnel currently includes approximately 15 people in Farmington Hills, MI, and Westport plans to add more people and invest in facilities as demand grows for natural gas-powered, alternative-fuel vehicles.

“Natural gas is 97% North American sourced and much less expensive than gasoline or diesel fuels,” according to John Lapetz, Westport’s Light-Duty Division Managing Director, North American Vehicle Programs. “It also produces about 15 – 20% less CO₂ than those fuels.”

To support OEM programs, Westport plans to add research and development facilities to develop technologies that enable vehicles to run on natural gas for business and government fleets, and personal use. Utilization of domestic energy, the creation of jobs and protection of the environment, are all part of Westport’s business objectives.

“Hybridization, lower-displacement with turbo charging, direct injection and other fuel-saving technologies now being applied to gasoline and diesel engines, can also be applied to natural gas fueled engines for even greater improvements in efficiency and fuel cost savings,” Lapetz said.

About Westport Innovations Inc.
Westport Innovations Inc. is a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and biofuels such as landfill gas. Our unique technologies reduce nitrogen oxides (NOx), particulate matter (PM), and greenhouse gas emissions (GHG). The Company focuses on three distinct categories or target markets – light-, medium-, and heavy-duty – through Westport business units or joint ventures. Westport’s Light-Duty Division is focused on light-duty automotive systems, components and engines, including 2.4L engines for industrial applications such as forklifts and oilfield service. Cummins Westport (CWI), a joint venture with Cummins, sells the world’s broadest range of low-emissions alternative fuel engines for commercial urban fleets such as buses, refuse trucks and vocational vehicles. Westport Heavy Duty (Westport HD), our proprietary development platform, is engaged in the engineering, design and marketing of natural gas-enabling technology for the heavy-duty diesel engine and truck market. To learn more about our business, visit our website or subscribe to our RSS feed at www.westport.com, or follow us on Twitter @WestportWPRT.

Note: This document contains forward-looking statements, including statements regarding the demand for our products, the future success of our business and technology strategies, investment, cash and capital requirements, intentions of partners and potential customers, the performance and competitiveness of our products and expansion of product coverage, future market opportunities, costs of natural gas versus other fuels, the addition of future personnel, investment in and addition of facilities and terms of future agreements. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks and assumptions include risks and assumptions related to our revenue growth, operating results, industry and products, the general economy, conditions of and access to the capital and debt markets, governmental policies and regulation, technology innovations, fluctuations in foreign exchange rates, demand for natural gas powered vehicles, the acceptance of natural gas vehicles in fleet markets, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the sufficiency of bio methane for use in our vehicles, the development of competing technologies as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward looking statements except as required by National Instrument 51-102.

Inquiries:
Darren Seed
Vice President, Investor Relations & Communications
Westport Innovations Inc.
Phone: 604-718-2046
Email: invest@westport.com