Online Resources (ORCC) Considering Alternatives to Board-Approved Strategic Growth Plan

Jan. 21, 2011 (Business Wire) — Online Resources Corporation (Nasdaq: ORCC), a leading provider of online financial services, today announced that its Board of Directors is evaluating unsolicited expressions of interest in potential business combinations that it has received from third parties. The Board is considering these alternatives against the long-term strategic growth plan that it recently approved in order to determine whether there is now an option that can deliver greater shareholder value. Under the strategic plan, the Company has enhanced its management team and is currently investing in technology, products and organizational structure to drive revenue growth and margin improvement.

Community West Bancshares (CWBC) Reports Profit of $1.1 Million for 4Q10 and $2.1 Million for the Year

GOLETA, Calif., Jan. 20, 2011 (GLOBE NEWSWIRE) — Community West Bancshares (“Community West”), (Nasdaq:CWBC – News), parent company of Community West Bank, today reported net income of $1.1 million in the fourth quarter of 2010 (4Q10), compared to net income of $97,000 in the fourth quarter a year ago (4Q09). The loan loss provision in 4Q10 was $1.3 million compared to $2.8 million in 4Q09. For the full year, Community West reported net income of $2.1 million, compared to a net loss of $5.8 million for 2009. The loan loss provision for all of 2010 was $8.7 million compared to $18.7 million in 2009.

“We are extremely pleased by our positive operating results in 2010,” stated Lynda J. Nahra, President and Chief Executive Officer. “We have improved across all areas of the Bank and continue to benefit from strong core earnings, net interest margin expansion and stabilizing asset quality. Our net interest income and noninterest income both increased during the fourth quarter compared to the fourth quarter a year ago, while our provision for loan losses has decreased. Additionally, our nonperforming loans declined during the quarter and remain at workable levels.”

2010 Financial Highlights

• Net income applicable to common stockholders was $795,000, or $0.11 per diluted common share in 4Q10.
• For the year, net income applicable to common stockholders was $1.0 million, or $0.18 per diluted common share.
• Net interest margin was 4.57% in 4Q10, a 39 basis point improvement compared to 4Q09.
• For the year, net interest margin was 4.50%, a 59 basis point improvement compared to 2009.
• Core deposits increased by 29.5% compared to a year ago.
• Nonperforming loans were $12.7 million, or 2.13% of total loans at 12/31/10, compared to $15.1 million, or 2.51% of total loans, at 9/30/10.
• The total allowance for loan losses/total loans held for investment was 2.60% at 12/31/10 compared to 2.64% at 9/30/10.
• Community West Bank’s Total risk-based capital ratio was 12.87%, Tier 1 risk-based capital ratio was 11.61% and Tier 1 leverage ratio was 9.24% at 12/31/10.

In 4Q10, including the $262,000 preferred stock dividends, the net income applicable to common stockholders was $795,000, or $0.11 per diluted share, compared to a net loss applicable to common stockholders of $165,000, or $0.03 per diluted share, in 4Q09. For the full year, the net income applicable to common stockholders was $1,044,000, or $0.18 per diluted share, compared to a net loss applicable to common stockholders of $6.8 million, or $1.15 per diluted share, a year ago.

Income Statement Review

“Improvement in our funding costs led to continued net interest margin expansion,” said Charles G. Baltuskonis, EVP and Chief Financial Officer. In 4Q10, the net interest margin was 4.57% compared to 4.49% in 3Q10 and 4.18% in 4Q09. For the full year, the net interest margin increased 59 basis points to 4.50% from 3.91% in 2009.

Fourth quarter net interest income increased 5.6% to $7.4 million compared to $7.1 million in 4Q09. For the year, net interest income increased 12.8% to $29.3 million compared to $26.0 million a year ago. Non-interest income increased 18.6% to $1.2 million in 4Q10, compared to $1.0 million in 4Q09. For the year, there was a modest decline in loan servicing fees due to lower SBA sold loan balances and lack of new loan sales.

Non-interest expenses were $5.6 million in 4Q10, compared to $5.1 million in 4Q09. The increase in operating costs was primarily attributable to higher costs related to problem credits. For the year, non-interest expenses improved 2.3% to $21.0 million compared to $21.5 million for 2009.

For 2010, the efficiency ratio improved by 11.2% to 63.5% compared to 71.0% a year ago.

Credit Quality

Nonperforming loans totaled $12.7 million, or 2.13% of total loans at December 31, 2010, compared to $15.1 million or 2.51% of total loans three months earlier and $16.2 million, or 2.62% of total loans a year ago. Real estate owned and repossessed assets totaled $8.5 million at December 31, 2010 compared to $5.5 million at September 30, 2010 and $1.8 million a year ago. Of the $12.7 million in total nonperforming loans, $5.9 million or 46.7% were real estate loans, $4.2 million or 33.0% were SBA loans, $1.9 million or 15.1% were manufactured housing loans, $602,000 or 4.8% were commercial loans and $52,000 or 0.4% were other installment loans.

“The decrease in the provision for loan losses was the direct result of the improving asset quality trends as well as real estate valuations stabilizing,” said Nahra. The loan loss provision was $1.3 million in 4Q10 compared to $1.5 million in 3Q10 and $2.8 million in 4Q09. The allowance for loan losses totaled $13.3 million at year-end, equal to 2.60% of total loans held for investment, compared to 2.64% at September 30, 2010 and 2.67% a year ago.

Community West had net charge-offs of $1.4 million in 4Q10 compared to $2.0 million in 3Q10 and $2.3 million in 4Q09.

Balance Sheet

Total loans decreased from a year ago as loan demand has softened, particularly in the commercial and SBA loan sectors. Total loans were $593.9 million at December 31, 2010 compared to $617.2 million a year ago.

Real estate loans outstanding decreased 4.9%, or $9.9 million, from year ago levels to $192.5 million at December 31, 2010, and comprise 32.4% of the total loan portfolio. Manufactured housing loans were down slightly from year ago levels to $194.7 million and represent 32.8% of total loans. Commercial loans were down 7.2% compared to a year ago and now represent 9.7% of the total loan portfolio and SBA loans decreased 7.5% from a year ago and now represent 21.7% of the total loan portfolio. Other installment loans increased 13.5% from year ago levels and represent 3.5% of the total loan portfolio.

“Our deposit strategy is focused on the growth of core and business deposits while reducing our reliance on wholesale funding,” said Baltuskonis. “As a result, core deposits grew $14.0 million for the quarter and $72.6 million for the year.”

Total deposits were $529.9 million at December 31, 2010 compared to $531.4 million a year earlier. Non-interest-bearing accounts were $35.8 million at December 31, 2010 compared to $37.7 million a year ago. Interest-bearing accounts increased 36.8% to $262.4 million compared to $191.9 million a year ago. Core deposits, defined as non-interest-bearing, interest-bearing and savings accounts, increased 29.5% to $318.6 million at year-end, compared to $246.0 million a year earlier while certificates of deposit decreased 26.0% over the same period to $211.3 million, compared to $285.4 million a year earlier.

Total assets were $667.6 million at year-end, compared to $684.2 million a year earlier. Stockholders’ equity was $61.6 million at year-end, compared to $60.3 million a year earlier and book value per common share was $7.92 at year-end compared to $7.74 a year earlier.

Capital Management

In August, Community West completed its public offering of $8,085,000 of 9% convertible subordinated debentures. Proceeds from the offering further strengthened the capital position of the Company and support its strategic growth opportunities.

Company Overview

Community West Bancshares is a financial services company with headquarters in Goleta, California. The Company is the holding company for Community West Bank, which has five full-service California branch banking offices, in Goleta, Santa Barbara, Santa Maria, Ventura and Westlake Village. The principal business activities of the Company are Relationship banking, Mortgage lending and SBA lending.

Safe Harbor Disclosure

This release contains forward-looking statements that reflect management’s current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, but not limited to, the ability of the Company to implement its strategy and expand its lending operations.

Charles G. Baltuskonis, EVP & CFO
805.692.5821

BIOLASE (BLTI) Launches Dual-Wavelength Waterlase(R) iPlus(TM) All-Tissue Laser

IRVINE, CA–(Marketwire – 01/20/11) – BIOLASE Technology, Inc. (NASDAQ:BLTI – News), the world’s leading dental laser manufacturer and distributor, today announced the launch of the Waterlase® iPlus™ System dual-wavelength all-tissue laser, the first major breakthrough in all-tissue laser technology since the Waterlase MD™ was introduced in 2005.

The iPlus’ Intuitive Power not only addresses the key needs for the next generation of laser dentists, but it also delivers more power, control and versatility for experienced laser dentists. Cutting of all tissue types with the new iPlus can be performed twice as fast as current laser systems, with no pain or discomfort, no risk of cross-contamination associated with conventional drills, and resulting in surface quality much smoother than ever.

Chief Technology Officer Dmitri Boutoussov, PhD, said, “The iPlus represents a major leap in the development of all-tissue dental lasers. Cutting teeth at the speed of the mechanical drill without sacrificing patient comfort has always been our goal at BIOLASE. It was a tremendous challenge for us which took several years to develop. Now, our patent-pending technology (named ‘2R Powered’ technology) allows us to build an Er;Cr:YSGG laser with the highest pulse energy at short pulses among all Erbium-based, 3-micron lasers in the industry, as well as the highest pulse repetition rates. The result is very fast removal of hard tooth tissue with no discomfort to the patient, in combination with a smooth surface finish. Our new technology also opens a great opportunity to explore non-dental applications in medicine, which require fast and smooth cutting of both soft tissue and bone, coverage of larger surface areas (like skin or wounds), and where the delivery of laser radiation to treatment site through a flexible fiber is a must-have.”

After using the system, Southern California dentist Dr. Christina Do stated, “It is amazingly fast, as fast or faster than my high-speed drill and the patient never flinched.”

Unlike dental lasers of the last decade, the iPlus also features a revolutionary and intuitive applications-based user interface with a large high resolution touch screen programmed with over 50 factory-loaded procedure presets. Dentists will simply choose which procedure to perform — from “bread and butter” restorative cases to specialty cases like periodontal or endodontic — and the iPlus will program everything for the dentist.

The iPlus is available in a system configuration and features the proprietary 2780 nm YSGG technology together with an integrated iLase 940 nm diode laser or as a standalone unit. The YSGG technology has been the industry standard for all tissue dental lasers since its introduction in 1997. The iLase will enhance the capabilities of the YSGG by providing a diode laser that can be utilized for unexpected soft-tissue cases in an adjacent treatment room, better control of bleeding, and the potential for temporary pain relief and teeth whitening.

Chairman and CEO Federico Pignatelli said, “The iPlus is our new flagship laser product and will have a substantial impact on our sales in 2011 and beyond. It is the most advanced — yet most intuitive — dental laser ever conceived. With the Intuitive Power of the iPlus, dentists will be able to completely focus on dentistry, while the iPlus handles the technical laser details. I’m extremely proud of the job done by our R&D team under the leadership of Dr. Boutoussov, to deliver the perfect product for the rapidly growing worldwide dental laser market. We have received full FDA clearance and will begin taking orders next week for delivery this quarter.”

Other innovations include a new fiber delivery system with little to no “pull-back” on the dentist’s hand and a new 3X brighter illumination source. This allows for complete freedom of movement of the handpiece and greatly reduces hand fatigue throughout the day in combination with excellent site visibility.

“I have been using lasers from BIOLASE and other manufacturers for twenty years in my practice, and also taught hundreds of other dentists how to use lasers,” commented Dr. Phil Hudson from Spokane. “Whenever I have asked what took them so long to buy a laser, two of the most common concerns were that it would slow them down, and it would be too difficult to learn. The iPlus solves all of that. It is blazingly fast in all classes of cavity preparation and is my first choice when I am confronted by soft tissue surgical challenges. Any dentist with a smart phone will feel right at home with the iPlus, as its intuitive nature eliminates both the mystery and the fear factor of lasers.”

Pignatelli added, “With the iPlus, any dentist can quickly integrate an all-tissue laser into his or her practice. The intuitive nature of the interface is very much like the personal electronic devices we already use in our daily lives, so dentists will easily learn how to operate the iPlus. With our higher powered laser, dentists will be able to perform hard tissue procedures with as much speed as conventional drills, but without the discomfort and risk of cross contamination as often occurs with drills in conventional dental procedures as per recent astonishing published research. Finally, the iLase diode laser completes the set of services that dentists can provide for their patients. Our new Waterlase iPlus makes all of this possible.”

The formal introduction of the iPlus, with a retail price depending on a system configuration expected to be at a price point of $54,900, will be in booth #1640 at the Yankee Dental Congress on January 27th in Boston. A preview video of the iPlus can also be viewed at www.waterlaseiplus.com

About BIOLASE Technology, Inc.
BIOLASE Technology, Inc., the World’s leading dental laser company, is a medical technology company that develops, manufactures and markets lasers and related products focused on technologies that advance the practice of dentistry and medicine. The Company’s products incorporate patented and patent pending technologies designed to provide clinically superior performance with less pain and faster recovery times. BIOLASE’s principal products are dental laser systems that perform a broad range of dental procedures, including cosmetic and complex surgical applications. Other products under development address ophthalmology and other medical and consumer markets.

For updates and information on laser and Waterlase dentistry, find BIOLASE at http://www.biolase.com, Twitter at http://twitter.com/GoWaterlase, and YouTube at http://www.youtube.com/user/Rossca08.

This press release may contain forward-looking statements within the meaning of safe harbor provided by the Securities Reform Act of 1995 that are based on the current expectations and estimates by our management. These forward-looking statements can be identified through the use of words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” and variations of these words or similar expressions. Forward-looking statements are based on management’s current, preliminary expectations and are subject to risks, uncertainties and other factors which may cause the Company’s actual results to differ materially from the statements contained herein, and are described in the Company’s reports it files with the Securities and Exchange Commission, including its annual and quarterly reports. No undue reliance should be placed on forward-looking statements. Such information is subject to change, and we undertake no obligation to update such statements.

Kingtone Wirelessinfo Solution Holding Ltd (KONE) Reports Fourth Quarter and Fiscal Year 2010 Financial Results

XI’AN, China, Jan. 20, 2011 /PRNewswire-Asia/ — Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq:KONE – News) (“Kingtone”, or the “Company”), a leading China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations, today announced financial results for the fourth quarter and fiscal year 2010. The financial statements and other financial information included in this press release are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Fourth Quarter Financial Highlights

• Revenues increased 36.1% to $5.33 million from $3.92 million in the prior year period.
• Gross profit increased 104.7% to $4.64 million from $2.27 million in the prior year period.
• Gross margin increased to 87.0% from 57.9% in the prior year period.
• Net income increased 72.9% to $3.13 million from $1.81 million in the prior year period.
• Basic and diluted earnings per share were $0.22 as compared to $0.18 in the prior year period with weighted average shares outstanding of 14,000,000 as compared to 10,000,000 in the prior year period.

Fiscal Year 2010 Financial Highlights

• Revenues increased 29.1% to $14.51 million from $11.24 million in the prior year period.
• Gross profit increased 65.5% to $12.15 million from $7.35 million in the prior year period.
• Gross margin increased to 83.8% from 65.4% in the prior year period.
• Net income increased 55.5% to $8.24 million from $5.3 million in the prior year period.
• Basic and diluted earnings per share were $0.71 as compared to $0.53 in the prior year period with weighted average shares outstanding of 11,527,473 as compared to 10,000,000 in the prior year period.

“We are pleased with our strong performance in 2010 which demonstrates our ability to expand revenues and profits as we capitalize on our first mover advantage, highly competitive suite of products and renowned customer service quality. Our results also benefited from our strategic shift towards software solutions which enjoy much higher margins than wireless systems solutions” commented Mr. Peng Zhang, Chief Executive Officer of Kingtone. “During the year, we reached several milestones in our corporate history. We became publicly traded on Nasdaq and raised US$16 million in equity capital to strengthen our financial position and support our growth strategy. Our geographic footprint expanded, creating further opportunities to build a stronger business pipeline and we continued to build our scalable infrastructure on the back of targeted cost controls, selective investments and productivity improvements. All these steps enabled us to conclude fiscal 2010 with the strongest growth prospects in our company history.”

“As we move forward, we believe that we are ideally positioned to capture the growing opportunities in front of us as our clients continue to strive for greater efficiency in their business. We will continue to carefully evaluate each new business opportunity on its own merits in the best interest of the company and its shareholders,” concluded Mr. Peng.

Fourth Quarter Financial Performance

Results of Operations – Three months ended September 30, 2010 compared to three months ended September 30, 2009.

Revenues. For the fourth quarter of fiscal year 2010, revenues increased by 36.1% to $5.33 million from $3.92 million in the comparable period of fiscal 2009. Revenue from software solutions increased by 124.5% to $4.1 million in the fourth quarter of fiscal year 2010 compared to $1.82 million in the fourth quarter of fiscal year 2009. Revenue from wireless system solutions decreased by 40.9% to $1.24 million in the fourth quarter of fiscal year 2010 compared to $2.09 million in the prior year period.

Gross Profit and Gross Margin. For the fourth quarter of fiscal year 2010, gross profit increased by 104.7 % to $4.64 million from $2.27 million in the prior year period. Gross margin for the fourth quarter of fiscal year 2010 was 87.0% compared to 57.9% in the fourth quarter of fiscal year 2009.

Income from Operations. Income from operations increased by 90.8% to $3.75 million in the fourth quarter of fiscal year 2010 from $1.97 million in the comparable period of fiscal 2009. Operating margins for the fourth quarter of fiscal year 2010 and 2009 were 70.4% and 50.2%, respectively.

Net Income and EPS. Net income was $3.13 million in the fourth quarter of fiscal year 2010, compared to $1.81 million in the prior year’s fourth quarter, an increase of 72.9%. Net income as a percentage of total net revenues was 58.6% and 46.2% for the fourth quarter of fiscal year 2010 and 2009, respectively. Basic and diluted earnings per share were $0.22 in the fourth quarter of fiscal year 2010, compared to $0.18 in the prior year period. The number of weighted average common shares outstanding for the three months ended September 30, 2010 was 14 million, compared to 10 million a year ago.

Fiscal Year 2010 Financial Performance

Results of Operations – The year ended September 30, 2010 compared to the year ended September 30, 2009.

Revenues. For the year ended September 30, 2010, total revenues increased by 29.1% to $14.51 million from $11.24 million in the comparable period of fiscal 2009. Revenue from software solutions increased by 118% to $11.27 million for the year ended September 30, 2010 compared to $5.17 million for the prior year, mainly driven by mobile enterprise applications in police and emergency agencies in new geographic areas. Revenue from wireless system solution decreased by 46.7% to $3.23 million for the year ended September 30, 2010 compared to $6.07 million in the prior year. This decrease was due primarily to two factors: (1) we had smaller contract value and less recognizable revenue with one major customer in the oil refinery industry this year, even though the number of contracts with its different subsidiaries had increased; and (2) we completed two related party transactions in the prior year with Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd.. As a result, the third-party revenue from wireless system solution sales decreased 34.3% from a year ago without the $1.1 million revenue from these two related party transactions from the prior year.

Gross Profit and Gross Margin. For the year ended September 30, 2010, gross profit increased by 65.5 % to $12.15 million from $7.35 million in the prior year period. Gross margin for the year ended September 30, 2010 was 83.8%, compared to 65.4% for the same period in the prior year.

Income from Operations. Income from operations increased by 58.2% to $10 million for the year ended September 30, 2010 from $6.32 million in fiscal 2009, primarily due to the growth in revenues. Operating margin for the year ended September 30, 2010 and 2009 were 68.9% and 56.2%, respectively.

Net Income and EPS. Net income increased by 55.5% to $8.2 million for the year ended September 30, 2010 from $5.3 million in the fiscal 2009. The growth of net income was mainly attributed to the growth in our revenue. Basic and diluted earnings per share were $0.71 in the fiscal year 2010, compared to $0.53 in the prior year. The number of weighted average common shares outstanding for the year ended September 30, 2010 was 11.5 million, compared to 10 million a year ago.

Liquidity and Capital Resources.

Cash and Cash Equivalents. As of September 30, 2010, the Company had cash and cash equivalents of $14.9 million, compared to $0.34million as of November 30, 2009, the Company’s last fiscal year end. Cash flows provided by operating activities for the year ended September 30, 2010 were approximately$4.3 million, compared to approximately $4 million in the prior year period. Depreciation and amortization expenses were $0.23 million and $0.13 million for the years ended September 30, 2010 and 2009, respectively. Cash flows provided by financing activities were approximately $10.32 million and $8.55 million for the years ended September 30, 2010 and 2009, respectively.

Financial Outlook

For the fiscal year ending September 30, 2011, management expects revenues of $18.8 million to $20.2 million and net income of $10.2 million to $11.6 million. This guidance reflects management’s anticipated increase in sales resulting from the Company’s existing solution offerings and the increasing demand driven by the on-going adoption of 3G in the PRC.

Conference Call

The Company will host a conference call to discuss its fourth quarter and fiscal year 2010 financial results at 9:00 a.m. ET on Thursday, January 20, 2011. Mr. Tao Li, Chairman, Mr. Peng Zhang, Chief Executive Officer, Ms. Ying Yang, Chief Financial Officer, will be on the call.

To participate in the conference call, please dial any of the following numbers:

A replay of the call will be available until 11:59 PM ET on January 20, 2011.

To access the replay, please dial any of the following numbers:

Replay Passcodes (both required for playback):

The conference call will be webcast live by Vcall and can be accessed at http://www.InvestorCalendar.com.

About Kingtone Wirelessinfo Solution Holding Ltd

Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq:KONE – News) is a leading China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations. The Company’s products, known as mobile enterprise solutions, extend a company’s or enterprise’s information technology systems to include mobile participants. The Company develops and implements mobile enterprise solutions for customers in a broad variety of sectors and industries, to improve efficiencies by enabling information management in wireless environments. At the core of its many diverse packaged solutions is proprietary middleware that enables wireless interactivity across many protocols, devices and platforms.

For more information, please visit Kingtone’s website at www.kingtoneinfo.com. The Company routinely posts important information on its website.

Safe Harbor Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. These forward-looking statements may include, but are not limited to, statements containing words such as “may,” “could,” “would,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “expects,” “intends”, “future” and “guidance” or similar expressions. These forward-looking statements speak only as of the date of this press release and are subject to change at any time. These forward-looking statements are based upon management’s current expectations and are subject to a number of risks, uncertainties and contingencies, many of which are beyond the Company’s control that may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company’s actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s prospectus, dated May 14, 2010 filed with the Securities and Exchange Commission (the “SEC”), and in documents subsequently filed by the Company from time to time with the SEC including the Company’s Transition Report for the transition period from December 1, 2009 to September 30, 2010 to be filed with the SEC. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable law.

Note: In March 2010, the Company changed its fiscal year-end from November 30th to September 30th, so that it would have the same fiscal year end as its variable interest entity (“VIE”), Xi’an Kingtone Information Technology Co., Ltd. (“Kingtone Information”).

Note: In March 2010, the Company changed its fiscal year-end from November 30th to September 30th, so that it would have the same fiscal year end as its VIE, Xi’an Kingtone Information Technology Co., Ltd. (“Kingtone Information”). There were no operations in the Company other than in its VIE, Kingtone Information from October 1, 2009 to November 30, 2009. In addition, the consolidated and combined statements of income and comprehensive income for the year ended November 30, 2009 included Kingtone Information for the year ended September 30, 2009. Therefore the Company is presenting its consolidated and combined statements of income and comprehensive income for the years ended September 30, 2010 and 2009 instead of for the ten months ended September 30, 2010 and the year ended November 30, 2009.

Note: In March 2010, the Company changed its fiscal year-end from November 30th to September 30th, so that it would have the same fiscal year end as its VIE, Xi’an Kingtone Information Technology Co., Ltd. (“Kingtone Information”). There were no operations in the Company other than in its VIE, Kingtone Information from October 1, 2009 to November 30, 2009. In addition, the consolidated and combined statements of income and comprehensive income for the year ended November 30, 2009 included Kingtone Information for the year ended September 30, 2009. Therefore the Company is presenting its consolidated and combined statements of income and comprehensive income for the years ended September 30, 2010 and 2009 instead of for the ten months ended September 30, 2010 and the year ended November 30, 2009.

Southwest Bancorp Inc. (OKSB) Announces Election of Chief Financial Officer, Secretary

STILLWATER, Okla., Dec. 20, 2010 (GLOBE NEWSWIRE) — Southwest Bancorp, Inc. (Nasdaq:OKSB), (“Southwest”), today reported that on December 16, 2010 its board of directors elected Laura Robertson as Southwest’s new Executive Vice President and Chief Financial Officer and Priscilla Barnes, Executive Vice President/Regulatory Risk Management, to the additional office of Southwest’s Secretary.

Laura Robertson (age 37) previously served as Senior Vice President/Finance Division Manager of Southwest and its principal subsidiary, Stillwater National Bank and Trust Company. Ms. Robertson joined Stillwater National in 2006. She has also served as the Public Company Reporting and Tax Manager and Assistant Secretary of Southwest and Stillwater National. Prior to joining Southwest, Ms. Robertson practiced public accounting in the Dallas, Texas metro area. She is a Certified Public Accountant and a member of both the Oklahoma and Texas Society of CPAs as well as the American Institute of Certified Public Accountants. She reported to Kerby Crowell, the former Executive Vice President and Chief Financial Officer, since joining Southwest. Ms. Robertson currently serves on the Board of Directors for Payne County Court Appointed Special Advocates.

Priscilla Barnes (age 54) served as Executive Vice President, Director of Human Resources and Compliance prior to becoming Executive Vice President/ Regulatory Risk Management in 2010. Ms. Barnes joined Southwest in 2005 as Vice President, Compliance of Stillwater National. Ms. Barnes has 30 years experience in the banking industry. Prior to joining Stillwater National, Ms. Barnes was a federal bank examiner, a senior consultant for a regional accounting firm, and served as a banker in many similar capacities. She was named an Oklahoma State University Regent’s Distinguished Scholar and attended the Graduate School of Banking in Madison, Wisconsin.

Rick Green, Southwest Bancorp’s President and Chief Executive Officer, stated, “We are fortunate to have these experienced and talented individuals to serve in these offices, and are confident that they will continue their track records of excellence in these new roles.  Southwest maintains succession plans for all executive officers, which has served us well during this transition.”

These elections follow the death of Kerby Crowell, who served with distinction as Executive Vice President, Chief Financial Officer, and Secretary for many years before his death in November 2010.

Southwest Bancorp and Subsidiaries

Southwest is the bank holding company for Stillwater National and Bank of Kansas. Through its subsidiaries, Southwest offers commercial and consumer lending, deposit and investment services, and specialized cash management, and other financial services from offices in Oklahoma, Texas, and Kansas, and on the Internet, through SNB DirectBanker®. We were organized in 1981 as the holding company for Stillwater National, which was chartered in 1894. At September 30, 2010 we had total assets of $2.9 billion, deposits of $2.3 billion, and shareholders’ equity of $376.6 million.

Our area of expertise focuses on the special financial needs of healthcare and health professionals, businesses and their managers and owners, and commercial and commercial real estate borrowers. We established a strategic focus on healthcare lending in 1974. We provide credit and other services, such as deposits, cash management, and document imaging for physicians and other healthcare practitioners to start or develop their practices and finance the development and purchase of medical offices, clinics, surgical care centers, hospitals, and similar facilities. As of September 30, 2010, approximately $706.1 million, or 29%, of our noncovered loans were loans to individuals and businesses in the healthcare industry.

We also focus on commercial real estate mortgage and construction credits. We do not focus on one-to-four family residential development loans or “spec” residential property credits. Additionally, subprime lending has never been a part of our business strategy, and our exposure to subprime loans and subprime lenders is minimal. One-to-four family mortgages account for less than 5% of total noncovered loans. As of September 30, 2010 approximately $1.8 billion, or 74%, of our noncovered loans was commercial real estate mortgage and construction loans, including $404.7 million of loans to individuals and businesses in the healthcare industry. Our commercial real estate mortgage and construction and commercial loans are concentrated in states that have experienced less adverse effects from the recession than many others.

We operate six offices in Texas, eleven offices in Oklahoma, and eight offices in Kansas. At September 30, 2010 our Texas segment accounted for $1.0 billion, or 41% of total portfolio loans, followed by $890.6 million, or 36%, from our Oklahoma segment, $309.2 million, or 13%, from our Kansas segment, and $248.9 million, or 10%, from our other states segment.

Southwest’s common stock is traded on the NASDAQ Global Select Market under the symbol OKSB. Southwest’s public trust preferred securities are traded on the NASDAQ Global Select Market under the symbol OKSBP.

The Southwest Bancorp, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8074

CONTACT:  Southwest Bancorp, Inc.
          Rick Green, President & CEO
          (405) 372-2230

Pernix(TM) Therapeutics (PNX) and ParaPRO Receive FDA Approval of Natroba(TM)

Jan. 19, 2011 (Business Wire) — Pernix™ Therapeutics Holdings, Inc. (NYSE Amex: PTX) and ParaPRO, LLC announced today that the U.S. Food and Drug Administration (FDA) has approved Natroba™ (spinosad) Topical Suspension, 0.9% to eliminate head lice (pediculosis capitis). Natroba™ received approval as a prescription medication and is indicated for the topical treatment of head lice infestations in patients four (4) years of age and older.

Natroba™ is an effective, easy-to-use product, which has been shown to resolve most head lice problems in about 10 minutes with just one application and no nit combing. Pernix and ParaPRO expect to launch the product in the first half of 2011.

“We believe Natroba™ gives physicians and parents a game-changing solution to the problem of head lice,” said Bill Culpepper III, president of ParaPRO, LLC. “Natroba™ is the only head lice treatment whose approval is supported by superiority studies versus permethrin 1%. FDA approval of Natroba™ is a significant step forward in the longstanding struggle to treat head lice infestations and we look forward to making the product available in pharmacies nationwide in the first half of 2011. Unlike many other currently available treatments, most children will only require one application and do not need to sit through extensive, time-consuming nit combing sessions when Natroba™ is used. This means that parents trying to rid their children of head lice will soon have an important new treatment option given the ease of use and effectiveness of Natroba™.”

Natroba™ (pronounced na-ˈtrōb- ə) treats head lice using spinosad, a compound derived from a soil microbe. Until Natroba™ was approved, the most common pediatrician-recommended head lice treatments available either over-the-counter or by prescription required nit combing, which can be painstaking and time consuming. Further, in the clinical studies, patients treated with permethrin 1%, (marketed under the brand name Nix^®i) more often required an additional round of treatment than patients who were treated with Natroba™.

“We are pleased by the FDA’s decision to approve Natroba™,” said Cooper Collins, President and Chief Executive Officer of Pernix. “This product provides Pernix with a unique opportunity to promote a treatment that has been proven in multiple clinical trials to be more effective than currently available treatments. We look forward to launching this innovative new prescription product to the pediatrics market via our established sales force in the first half of 2011.”

Head lice are the second most communicable disease among schoolchildren, after the common cold.ⁱⁱ The U.S. Centers for Disease Control and Prevention estimate that there are between 6 to 12 million cases of head lice infestations each year, mostly in children 3 to 12 years old. Head lice are tiny, wingless insects that live on the human scalp and spread between people by head-to-head contact or the sharing of hats, combs, brushes or towels.ⁱⁱⁱ

Costs associated with head lice infestations are estimated to be as high as $1 billion per year in the United States alone.^iv Direct costs include treatments and clinic visits, while indirect costs range from school nurse time to school absenteeism to lost wages.

“Head lice are a common problem that can affect anyone regardless of where they live. Historically, it has been a time-consuming, frustrating problem for families. Multiple treatments may be required and due to a variety of factors, the initial treatment is often ineffective,” said Dow Stough, M.D., Burke Pharmaceutical Research and an investigator in the Natroba™ Phase III clinical studies. “When available, Natroba™ will offer a safe and effective option. The Phase III studies showed that a single treatment of Natroba™ worked for most patients and with Natroba™ combing is not required. This product will represent a real advance in the treatment of head lice.”

Natroba™ is the only head lice treatment whose approval is supported by superiority studies versus permethrin 1%, the most commonly prescribed head lice treatment to date.^v In two Phase III clinical studies, Natroba™ was significantly more effective in eliminating head lice than permethrin 1% (marketed under the brand name Nix®) – the head lice treatment recommended by the American Academy of Pediatrics at the time the study protocol was approved by the FDA.^vi The studies, published online in the journal Pediatrics (Pediatrics 2009; 124:e389-e395), also confirmed the safety and effectiveness of Natroba™. The 1,038 participants with active head lice infestations were provided either Natroba^™ or Nix^® to be used at home. A total of 84.6% (study 1) and 86.7% (study 2) of Natroba™-treated participants were assessed to be lice-free 14 days after the last treatment, compared with 44.9% and 42.9% treated with permethrin (P < 0.001 for both studies). Most participants in the Natroba™ groups (63.8% and 86.2%) needed only one application, whereas most participants in the permethrin groups (60.3% and 64.5%) required two applications.

There were few adverse events reported in the Phase III clinical studies. The most commonly occurring adverse events included application-site erythema (redness of the skin) which occurred in 3% of the Natroba™ patients (vs. 7% of permethrin), ocular hyperemia (redness and irritation of the eyes) which occurred in 2% of the Natroba™ patients (vs. 3% of permethrin) and application-site irritation which occurred in 1% of Natroba™ patients (vs. 2% permethrin). Although adverse event rates were low for both products, application site redness occurred significantly less frequently in patients treated with Natroba™ than in patients treated with permethrin (P = 0.007).

Indication

Natroba™ Topical Suspension is a pediculicide indicated for the topical treatment of head lice infestations in patients four (4) years of age and older.

Important Safety Information

Natroba™ contains benzyl alcohol and is not recommended for use in neonates and infants below the age of 6 months. Systemic exposure to benzyl alcohol has been associated with serious adverse reactions and death in neonates and low birth-weight infants.

The most common adverse events were: application site redness (3%), redness and irritation of the eyes (2%) and application site irritation (1%).

For additional safety information, see the patient and full prescribing information at www.Natroba.com.

About ParaPRO

ParaPRO, LLC (www.parapro.com), based in the Indianapolis, Indiana metropolitan area, is a specialty pharmaceutical company focused on commercializing proprietary products for the pediatric market. ParaPRO is a wholly owned subsidiary of SePRO Corporation (www.sepro.com).

Natroba™ is a trademark of ParaPRO, LLC. Other trademarks are the property of their respective owners.

About Pernix Therapeutics

Pernix Therapeutics Holdings, Inc. is a specialty pharmaceutical company primarily focused on serving the needs of the pediatric marketplace. Commercially-proven branded product families include CEDAX®, Brovex®, Aldex®, Pediatex®, ReZyst®, QuinZyme® and Z-Cof®. The Company was originally founded in 1999 and is based in the Houston, TX metropolitan area. Additional information about Pernix is available on the Company’s website located at www.pernixtx.com.

Pernix™ is a registered trademark of Pernix Therapeutics, LLC.

Cautionary Notice Regarding Forward-Looking Statements

The Company wishes to caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made. No assurances can be given regarding the future performance of the Company. The Company wishes to advise readers that factors could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements.

The Company does not undertake, and specifically declines any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

ⁱ Nix is a registered trademark and the property of its owner.

ⁱⁱ Mayo Clinic website, available at http://www.mayoclinic.com/health/head-lice/DS00953. Accessed Dec. 13.2010

ⁱⁱⁱ Centers for Disease Control and Prevention, available at http://www.cdc.gov/lice/head/factsheet.html. Accessed Sept. 28, 2010.

^iv Lebwohl M, Clark L, Levitt J. Therapy for head lice based on life cycle, resistance and safety considerations. Pediatrics 2007; 119(5): 965-974

^v Wolters Kluwer Health, Source® Pharmaceutical Audit Suite prescription pediculicide/head lice market audit current 12 months, November 2010.

^vi Frankowski BL, Weiner LB; American Academy of Pediatrics, Committee on School Health, Committee on Infectious Diseases, Head Lice, Pediatrics 2002; 110(3):648-643.

Pernix Therapeutics Holdings, Inc.

Tracy Clifford, 843-720-1501

Chief Financial Officer

or

The IGB Group

Investor Relations Contacts:

Nick Rust, 212-477-8439

nrust@igbir.com

or

Lev Janashvilli, 212-227-7098

ljanashvili@igbir.com

China Metro-Rural Holdings Limited (CNR) Releases SEC Form 6K

NEW YORK, NY — (Marketwire) — 01/19/11 — China Metro-Rural Holdings Limited (NYSE Amex: CNR) (the “Company”) today announced that it has released two new 6K forms which can be found on the Company’s website at http://www.chinametrorural.com/ as well as on the SEC website at http://secfilings.com/searchresultswide.aspx?link=1&filingid=7660386 and http://secfilings.com/searchresultswide.aspx?link=1&filingid=7660588 respectively.

The First 6-K was issued as an update to the Form 20-F previously filed on July 9, to reflect a) the distribution of Man Sang International Limited which resulted the discontinued operations; b) adoption of amendments to an existing International Accounting Standard; and c) a change in the accounting policy of the Company.

The second 6K filing was issued to reflect a full set of condensed consolidated interim financial information for the six months ended September 30, 2010 and related management discussion and analysis of results of operations.

ABOUT CHINA METRO-RURAL HOLDINGS LIMITED
China Metro-Rural Holdings Limited, through Man Sang International Limited engages in pearl and jewelry business and in selling and leasing of properties in the PRC related to the pearl and jewelry business and, through Mega Dragon is one of the leading developers and operators of large scale, integrated agricultural logistics and trade centers in Northeast China that facilitate a relationship between sellers and buyers of agricultural commodities and small appliances, provide relevant physical platform and timely marketing information and intelligence, provide a transparent and competitive market price discovery mechanism and provide infrastructure to enhance the living standards of those from the rural area.

CONTACT:
China Metro-Rural Holdings Limited
Investor Relations Department
Phone: (852) 2317 9888
E-mail: Email Contact

Ener1 (HEV) and Wanxiang Sign Strategic Joint Venture Agreement

NEW YORK and HANGZHOU, China, Jan. 18, 2011 /PRNewswire/ — Ener1, Inc. (Nasdaq: HEV), a leader in lithium-ion battery technology, and Wanxiang Electric Vehicle Co., Ltd., a division of the Chinese conglomerate Wanxiang Group Corporation, today signed a joint venture agreement to co-manufacture Li-ion cells and battery packs for the rapidly growing Chinese market.  The new company will harness cutting-edge American technology and advanced Chinese manufacturing capability to produce battery systems for Wanxiang’s several existing light- and heavy-duty automotive and power grid customers for delivery this year.

(Logo:  http://photos.prnewswire.com/prnh/20080312/CLW018LOGO )

(Logo:  http://photos.prnewswire.com/prnh/20110118/CL31242LOGO )

“Wanxiang and Ener1 share a vision to help fulfill our country’s strong commitment to electrifying transportation on a mass scale and to deploy lithium-ion technology to improve the effectiveness of the power grid,” said Lu Guanqiu, founder and chairman of Wanxiang Group.  “We believe our manufacturing expertise and deep customer relationships throughout China and in the region will help ensure the success of this timely technology venture.”

The signing takes place against the background of a state visit by Chinese President Hu Jintao and expanding U.S.-China bilateral initiatives to spur cooperation in transportation electrification and grid energy storage, a hallmark of the Obama administration’s policy toward China.  The Chinese government, anticipating the environmental and oil demand impact of potentially hundreds of millions of new vehicle purchases by a burgeoning middle class, has set an annual production goal of 500,000 hybrid or all-electric cars and buses by 2012.

The new venture – Zhejiang Wanxiang Ener1 Power System Co., Ltd – will use Wanxiang Electric Vehicle’s existing 553,000-square-foot facility in Hangzhou.  The joint enterprise is expected to achieve annual cell manufacturing capacity of 300 million Ampere hours (approximately 40,000 electric vehicle battery packs) annually by 2014.

“We are honored and excited to enter into this important new venture with one of China’s most respected industrial leaders,” commented Ener1 Chairman and CEO Charles Gassenheimer, referring to Wanxiang’s emergence from a small business to the second-largest private company in China and the country’s largest tier-one auto parts supplier with $10 billion in annual revenue.  “This joint venture gives us scalability by leveraging an existing manufacturing facility and an established broad customer base.  Applying our advanced battery technology will enable us to hit the ground running in serving what is potentially the largest advanced battery market in the world.”

Wanxiang Electric Vehicle will have a 60-percent equity stake in the joint venture.  The company will contribute property, plant, equipment, and customer relationships, including State Grid, SAIC Motor, Dongfeng Motor, Guangzhou Auto and Yutong.

As part of its 40-percent stake, Ener1 will provide intellectual property, engineering, manufacturing and technical expertise.  The joint venture will help further expand Ener1’s global footprint, and increase the company’s head count through the addition of R&D and engineering staff in the U.S.

“We are very fortunate to be able to work in partnership with a manufacturing giant in one of the fastest-growing markets in the world for Li-ion technology,” Gassenheimer commented.  “A combination of industrial policy, explosive growth potential and vision make this a winning proposition for both sides.”

About Ener1, Inc.

Ener1, Inc. is a publicly traded (Nasdaq: HEV) energy technology company that develops compact, lithium-ion-powered battery solutions for the transportation, utility grid storage and consumer markets.  Headquartered in New York City, the company has more than 700 employees with manufacturing locations in the United States and Korea.  Ener1 also develops commercial fuel cell products, nanotechnology-based materials and manufacturing processes.  In collaboration with strategic partner and electric vehicle manufacturer THINK, Ener1 also manufactures electric vehicle drive train products.

About Wanxiang Group

Wanxiang Group was founded by Dr. Lu Guanqiu, who is regarded as a legendary entrepreneur in China for taking $500 in start-up capital in 1969 to create a farm tool repair shop and transforming it into one of the largest non-government-owned companies in China. The company is the country’s largest automotive components manufacturer, and a conglomerate with more than $10 billion (USD) in revenue covering businesses including financial services, alternative energies, agricultural products, international trading, natural resources, real estate, private equity and venture capital investment, and other areas.  Wanxiang Group currently employs more than 30,000 employees worldwide, with 19 companies in 9 countries and a sales and marketing network covering over 50 countries.  The Boston Consulting Group has listed Wanxiang Group as one of the 100 most challenging and successful companies in China.

Safe Harbor Statement

Certain statements made in this press release constitute forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

Datalink (DTLK) Expects to Exceed 2010 Fourth Quarter Revenue and EPS Guidance

Jan. 18, 2011 (Business Wire) — Datalink (Nasdaq: DTLK), a leading provider of data center infrastructure and services, today announced that it expects to significantly exceed its previous revenue and earnings guidance for the fourth quarter of 2010. The company now expects fourth quarter 2010 revenues to be approximately $90 million. This is up over 70% from revenues of $51.8 million in the fourth quarter of 2009, and up over 45% from revenues of $60.2 million in the third quarter of 2010. At the end of the third quarter of 2010 the company had provided revenue guidance of between $75.0 million and $80.0 million for the fourth quarter of 2010.

On a GAAP basis the company expects earnings per share to be in the range of $0.15 per share to $0.18 per share. On a non-GAAP basis the company expects earnings per share in the range of $0.21 per share to $0.24 per share. The company’s previous guidance was for GAAP earnings per share to be in the range of $0.09 per share to $0.13 per share, and non-GAAP earnings to be in the range of $0.12 per share to $0.16 per share.

The company ended the year with a record fourth quarter backlog of over $47 million. This compares to a $46 million backlog at the end of 2009, which was previously a record for the fourth quarter.

Paul Lidsky, Datalink’s president and CEO, commented, “I am pleased with such a strong finish to 2010 and the momentum it provides for 2011. We continued to see strong demand for our data center solutions during the quarter as the result of a steadily increasing trend in technology spending, coupled with the success from our previous investments to expand Datalink’s market share around data center solutions. Another key driver of the revenue growth was our success in closing several multi-million dollar sales at Fortune 100 companies during the quarter. We believe that this market share expansion is vital to our long-term success. Although these transactions carry lower gross margins, they allow us entry into new customer accounts with the potential for significant future business. As a result, we expect to see our overall fourth quarter gross margins decline to approximately 22.0%, compared to 24.1% in the third quarter of 2010.”

The company will report its fourth quarter financial results and hold an investor conference call after the market closes on February 17, 2011.

About Datalink

A complete data center solutions and services provider for Fortune 500 and mid-tier enterprises, Datalink transforms data centers so they become more efficient, manageable and responsive to changing business needs. Datalink helps leverage and protect storage, server, and network investments with a focus on long-term value, offering a full lifecycle of services, from consulting and design to implementation, management and support. Datalink solutions span virtualization and consolidation, data storage and protection, advanced networks, and business continuity. Each delivers measurable performance gains and maximizes the business value of IT. For more information, call 800.448.6314 or visit www.datalink.com.

This press release contains forward-looking statements, including information about management’s view of Datalink’s future expectations, plans and prospects, including internal projections of anticipated 2010 results, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Datalink to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents Datalink files with the Securities and Exchange Commission, including but not limited to, its annual report on Form 10-K , as well as subsequent reports filed with the Securities and Exchange Commission. Additional risks include, but are not limited to: the level of continuing demand for storage, including the effects of current economic and credit conditions; competition and pricing pressures and timing of Datalink’s installations that may adversely affect its revenues and profits; fixed employment costs that may impact profitability if it suffers revenue shortfalls; revenue recognition policies that may unpredictably defer reporting of Datalink’s revenues; Datalink’s ability to hire and retain key technical and sales personnel; Datalink’s dependence on key suppliers; Datalink’s ability to adapt to rapid technological change; risks associated with integrating possible future acquisitions; fluctuations in our quarterly operating results; future changes in applicable accounting rules; and volatility in stock price. Further, Datalink’s revenues for any particular quarter are not necessarily reflected by its backlog of contracted orders, which also may fluctuate unpredictably.

Non-GAAP Details

Non-GAAP financial measures exclude the impact from acquisition accounting adjustments to deferred revenue and costs, stock-based compensation expense, amortization of intangible assets, integration and transaction costs related to acquisitions and the related effects on income taxes. These non-GAAP measures are not in accordance with, or an alternative for measures prepared in accordance with, GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Datalink believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Datalink’s results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Datalink’s results of operations in conjunction with the corresponding GAAP measures.

These non-GAAP financial measures facilitate management’s internal comparisons to the Datalink’s historical operating results and comparisons to competitors’ operating results. We include these non-GAAP financial measures in our earnings announcement because we believe they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making, such as employee compensation planning. Datalink believes that the presentation of these non-GAAP measures when shown in conjunction with the corresponding GAAP measures provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations.

Datalink

Media & Alliances:

Suzanne Gallagher, 720-566-5110

SVP of Marketing

Email : sgallagher@datalink.com

or

Investors & Analysts:

Greg Barnum, 952-944-3462

Vice President and CFO

Email: gbarnum@datalink.com

Technology Research Corporation (TRCI) Adopts Shareholder Rights Plan

CLEARWATER, Fla., Jan. 18, 2011 (GLOBE NEWSWIRE) — Technology Research Corporation (Nasdaq:TRCI) today announced that its Board of Directors has adopted a Shareholder Rights Plan and declared a dividend of one right on each outstanding share of TRC’s common stock. The Rights Plan has a term of two years.

The Company also announced that it had received an unsolicited indication of interest from Coleman Cable, Inc. (Nasdaq:CCIX) in acquiring TRC at a price of $5.50 per share in cash. The Board adopted the Rights Plan, consistent with its responsibilities to shareholders, to better assure that the Company has time to properly evaluate and respond to this indication of interest in relation to the Company’s prospects and opportunities. The Board cautions shareholders that there is no need to take any action at this time with respect to the indication of interest from Coleman Cable. Rights plans are often adopted by boards of directors under these and similar circumstances and are designed to protect the interests of the company and all its shareholders.

Owen Farren, President and Chief Executive of TRC, stated, “The Board unanimously believes the adoption of the short-term rights plan is appropriate at this time. The Board will consider this expression of interest consistent with its responsibilities to the Company and all its shareholders.”

Under the Rights Plan, the rights generally become exercisable only if a person or group (i) acquires beneficial ownership of 15% or more of TRC’s common stock or (ii) announces or commences a tender or exchange offer that would result in that person or group acquiring 15% or more of TRC’s common stock. Thereafter, all rights beneficially owned by the person or group that acquired (or that would acquire as a result of a tender or exchange offer) 15% or more of TRC’s common stock will become null and void. The exercise price of the rights has been set at $15.00. If they become exercisable, the rights entitle the holder of each right to purchase for the exercise price that number of shares of common stock of the Company which has a market value of twice the exercise price, subject to certain adjustments as provided under the Rights Plan. The rights are redeemable by TRC for $0.001 per right, subject to adjustment, any time before the rights become exercisable, including to permit an offer to purchase all of TRC’s shares. Until the rights become exercisable, they will not be evidenced by separate certificates and will trade automatically with the Company’s common stock. The rights will expire on January 18, 2013, unless earlier redeemed, exchanged, or amended by TRC.

Additional information regarding the Rights Plan is contained in a Form 8-K being filed with the Securities and Exchange Commission. The above description is only a summary; interested persons are urged to read the full Rights Plan filed with the Securities and Exchange Commission.

Technology Research Corporation is a recognized leader in providing cost effective engineered solutions for applications involving power management and control, intelligent battery systems technology and electrical safety products based on our proven ground fault sensing and Fire Shield® technology.  These products are designed, manufactured and distributed to the consumer, commercial and industrial markets worldwide.  The Company also supplies power monitors and control equipment to the United States Military and its prime contractors.  More information is available at www.trci.net.

The Technology Research Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6266

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:  Some of the statements in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934.  These statements are related to future events, other future financial performance or business strategies, and may be identified by terminology such as “may,” “will,” “should,” “expects,” “scheduled,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “potential,” or “continue,” or the negative of such terms, or other comparable terminology.  These statements are only predictions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.  In evaluating these statements, you should specifically consider the factors discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended March 31, 2010, our quarterly reports on Form 10-Q, and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.

CONTACT: Robert D. Woltil
         Chief Financial Officer
         Tel: (727) 812-0551
         Fax: (727) 535-9691
         Web Page: www.trci.net

ARIAD (ARIA) Announces Oral Ridaforolimus Achieved Primary Endpoint of Improved Progression-Free Survival

Jan. 18, 2011 (Business Wire) — ARIAD Pharmaceuticals, Inc. (NASDAQ:ARIA), today announced top-line data showing that ridaforolimus, an investigational oral mTOR inhibitor, met the primary endpoint of improved progression-free survival (PFS) compared to placebo in the Phase 3 SUCCEED trial conducted in patients with metastatic soft-tissue or bone sarcomas who previously had a favorable response to chemotherapy. Merck is currently developing ridaforolimus in multiple cancer indications under an exclusive license and collaboration agreement with ARIAD. Complete findings from the SUCCEED trial will be submitted for presentation at an upcoming medical meeting this year.

Based on the full analysis of 552 PFS events in 711 patients, determined by an independent review committee, the blinded prospective study achieved its primary endpoint, with a statistically significant (p=0.0001) 28 percent reduction by ridaforolimus in the risk of progression compared to placebo (hazard ratio=0.72). Determination of median PFS for each arm of the trial demonstrated that ridaforolimus treatment resulted in a statistically significant 21 percent (3.1 week) improvement in median PFS (ridaforolimus, 17.7 weeks vs. placebo, 14.6 weeks).

Based on the full analysis of PFS determined by the investigative sites, there also was a statistically significant (p<0.0001) 31 percent reduction by ridaforolimus in the risk of progression compared to placebo (hazard ratio=0.69). Ridaforolimus treatment resulted in a statistically significant 52 percent (7.7 week) improvement in median PFS (ridaforolimus, 22.4 weeks vs. placebo, 14.7 weeks).

The most common side effects observed in the study to date were consistent with the known safety profile of ridaforolimus and included stomatitis (e.g., mouth sores), fatigue, diarrhea and thrombocytopenia.

This trial remains active, and study participants continue to be followed to gather additional data on secondary endpoints, including overall survival and the safety profile of ridaforolimus. Merck currently plans to file for marketing approval of oral ridaforolimus in 2011, subject to final collection and analysis of all available data from the trial.

“Patients with metastatic soft-tissue and bone sarcomas have extremely limited treatment options available to them,” stated Harvey J. Berger, M.D., chairman and chief executive officer of ARIAD. “These top-line data illustrate how devastating metastatic sarcomas can be, even in patients who have responded favorably to conventional chemotherapy. We are very pleased with the positive outcome of the SUCCEED trial and the statistically significant improvement in progression-free survival in those patients treated with oral ridaforolimus.”

The SUCCEED trial is a randomized (1:1), placebo-controlled, double-blind study of oral ridaforolimus administered at 40 mg/day (five of seven days/week) in patients with metastatic soft-tissue or bone sarcomas who demonstrated a favorable response to prior conventional chemotherapy. Oral ridaforolimus was granted a Special Protocol Assessment (SPA) by the U.S. Food and Drug Administration for the SUCCEED trial. The European Medicines Agency has also provided protocol advice regarding the trial design as part of its Protocol Assistance program. More information about this trial can be found at http://clinicaltrials.gov/ct2/results?term=NCT00538239.

Investor Call Today at 9:00 a.m. ET

ARIAD will hold an investor webcast to discuss the top-line results of the SUCCEED trial today, January 18, 2011 at 9:00 am ET. The live webcast can be accessed by visiting the investor relations section of ARIAD’s website at http://investor.ariad.com. Investors can access the call by dialing 866-804-6928 (domestic) or 857-350-1674 (international) five minutes prior to the start time and providing the pass code 14844206. A replay of the call will be available on the ARIAD website approximately two hours after completion of the call and will be archived for three weeks.

About Sarcoma

Sarcomas are a group of cancers of connective tissue of the body for which there are currently limited treatment options. Sarcomas can arise anywhere in the body and are divided into two main groups – bone tumors and soft-tissue sarcomas.

About Ridaforolimus

Ridaforolimus is an investigational targeted and potent small-molecule inhibitor of the protein mTOR, a protein that acts as a central regulator of protein synthesis, cell proliferation, cell cycle progression and cell survival, integrating signals from proteins, such as PI3K, AKT and PTEN, known to be important to malignancy.

About ARIAD

ARIAD’s vision is to transform the lives of cancer patients with breakthrough medicines. The Company’s mission is to discover, develop and commercialize small-molecule drugs to treat cancer in patients with the greatest and most urgent unmet medical need – aggressive cancers where current therapies are inadequate. ARIAD’s lead product candidate, ridaforolimus, is an investigational mTOR inhibitor being developed by Merck that has successfully completed a Phase 3 clinical trial in patients with soft-tissue and bone sarcomas and is being studied in multiple cancer indications. ARIAD’s second internally discovered product candidate, ponatinib, is an investigational pan-BCR-ABL inhibitor in a pivotal Phase 2 clinical trial in patients with chronic myeloid leukemia and Ph+ acute lymphoblastic leukemia. For additional information, please visit www.ariad.com.

This press release contains “forward-looking statements” including, but not limited to, statements relating to top-line clinical data for ridaforolimus in the treatment of metastatic soft-tissue and bone sarcomas. Forward-looking statements are based on management’s expectations and are subject to certain factors, risks and uncertainties that may cause actual results, outcome of events, timing and performance to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, results of clinical studies of ARIAD’s product candidates, timing and acceptance of regulatory filing for drug approval, and other factors detailed in ARIAD’s public filings with the U.S. Securities and Exchange Commission. The information contained in this press release is believed to be current as of the date of original issue. ARIAD does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in ARIAD’s expectations, except as required by law.

Universal Forest Products, Inc. (UFPI) is “One to Watch”

Universal Forest Products, Inc., through its subsidiaries, designs, manufactures and markets wood and wood-alternative products for DIY/retail home centers and other retailers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market, and specialty wood packaging and components for various industries.

Founded in 1955, Universal has approximately 7,500 employees who work in more than 80 facilities across North America. Despite the massive size, the Company has maintained its local relationships and a strong presence via a strategic network of plants throughout North America. The breadth and depth of these relationships are further reinforced by the fact that there is virtually zero employee turnover.

Even though the recent recession has been particularly hard on the construction industry, Universal Forest Products has been able to leverage its agility and diverse business model to navigate through the carnage and capitalize on new opportunities for growth. In the most recently reported quarter, Universal announced that sales grew in three of its four markets while maintaining a cash position of more than $58 million.

The Company also recently announced a semiannual dividend payment of $0.20 per share as well as a two million share expansion of its stock repurchase program. In addition to underscoring Universal’s firm footing and bright future, the initiatives also serve as a gesture of the appreciation the Company has for its shareholders. Having established an enviable position within its industry, both competitively and financially, Universal Forest Products is one to keep on radar.

Let us hear your thoughts below:

Apple, Inc. (AAPL) Stock Dips Following News of Steve Jobs’ Medical Leave

Yesterday, while the markets were closed for Martin Luther King Jr. Day, Steve Jobs announced that he is taking another medical leave, raising new concerns among investors about the company’s future. During his leave, Apple chief operating officer Tim Cook will be responsible for all of the company’s day to day operations.

“At my request, the board of directors has granted me a medical leave of absence so I can focus on my health,” Jobs said in an email to all Apple employees, which was published on the company’s website. The email did not disclose details about his health condition or when he is expected to resume full command.

This leave marks the third time in the past ten years that Jobs has stepped back from his role for medical reasons. He took medical leave in 2004 and then again in the first half of 2009, returning to the company in late June of that year.

Today when the stock market opened for trading, AAPL fell as far as $326.00 before recovering to the current PPS of $336.85, still down 3.34% from Friday’s close. Analysts say that Jobs’ leave shouldn’t derail the company’s current momentum, but could have longer-term implications.

Let us hear your thoughts below:

Keyuan Petrochemicals Inc. (KEYP) Receives Approval to Move Listing to the NASDAQ Global Market

Simulations Plus (SLP) Reports First Quarter FY2011 Financial Results

Jan. 14, 2011 (Business Wire) — Simulations Plus, Inc. (NASDAQ: SLP), a leading provider of simulation and modeling software for pharmaceutical discovery and development, today reported financial results for its first quarter of fiscal year 2011 ended November 30, 2010 (1QFY11).

1QFY11 highlights compared with 1QFY10:

• Consolidated revenues up 15.4% to record $2.811 million from $2.437 million
• Pharmaceutical software and services revenues up 18.2% to $2.050 million from $1.735 million
• Words+ subsidiary revenues up 8.3% to $761,000 from $702,000
• Gross profit up 13.1% to $2.070 million from $1.830 million
• SG&A increased 5.8% to $1.062 million from $1.004 million
• R&D expenditures decreased 14.4% to $395,000 from $462,000
• Income before income taxes up 24.7% to $0.825 million from $0.661 million
• Net income up 32.0% to $568,000 from $430,000
• Diluted earnings per share up 34% to $0.0343 from $0.0256

Ms. Momoko Beran, chief financial officer of Simulations Plus, said, “We’re pleased to report these results that show continued strong performance in both business units. Cash at the end of 1QFY11 was $8.873 million compared to $7.973 million at the end of 1QFY10, and compared to $9.63 million at the beginning of the quarter. We used $1.190 million of our cash to repurchase 397,680 shares during the first quarter. Although we incurred this expenditure, shareholders’ equity increased 15.4% to $12.482 million compared to $10.812 million in 1QFY10.”

Walt Woltosz, chairman and chief executive officer of Simulations Plus, added, “This is yet another record first quarter for both revenues and earnings. We’ve experienced steady growth and new record quarter-over-quarter performance for a number of years, including through the recent global downturn for so many other businesses. We believe our emphasis on providing the very best in our product areas, an aggressive marketing and sales program, strong customer support, and frugal expense management have been the keys to this success. We continue to seek accretive acquisitions, and while we’ve investigated a number of them in the past couple of years, after due diligence we discovered either inadequate technology or unfavorable business terms for our shareholders. This area remains a high priority and we will continue to seek favorable acquisitions. We are also expanding staff and outsourcing some activities in order to enhance and expand our product lines.”

The Company has announced an earnings conference call for Friday, January 14, at 11:00 EST, which can be joined by going to: https://www2.gotomeeting.com/register/911775626. For listen-only mode, dial 516-453-0014 and enter access code 481-048-688.

About Simulations Plus, Inc.

Simulations Plus, Inc. is a premier developer of groundbreaking drug discovery and development simulation software, which is licensed and used worldwide by major pharmaceutical and biotechnology companies for drug research and in the study of environmental toxicology. We also provide a productivity tool called Abbreviate! for PCs and the Apple iPhone as well as an educational software series for science students in middle and high schools known as FutureLab^™. Our wholly owned subsidiary, Words+, Inc., provides assistive technologies to persons with disabilities. Simulations Plus, Inc. is headquartered in Southern California and trades on the NASDAQ Capital Market under the symbol “SLP.” For more information, visit our Web sites at www.simulations-plus.com and www.words-plus.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 – With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. Words like “believe,” “expect” and “anticipate” mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will actually take place, so our actual future results could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to: our ability to maintain our competitive advantages, acceptance of new software and improved versions of our existing software by our customers, the general economics of the pharmaceutical industry, our ability to finance growth, our ability to continue to attract and retain highly qualified technical staff, our ability to identify and close acquisitions on terms favorable to the Company, and a sustainable market. Further information on our risk factors is contained in our quarterly and annual reports as filed with the Securities and Exchange Commission.

Simulations Plus Investor Relations

Ms. Renée Bouché

661-723-7723

renee@simulations-plus.com

or

Hayden IR

Mr. Cameron Donahue

651-653-1854

cameron@haydenir.com

ANADIGICS (ANAD) Joins Exclusive NASDAQ Global Select Market

WARREN, NJ — (Marketwire) — 01/14/11 — ANADIGICS, Inc. (NASDAQ: ANAD), a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications space, today announced that it has been chosen by the NASDAQ Stock Market to join its Global Select Market for companies satisfying the highest financial and liquidity qualifications. Established in 2006, the NASDAQ Global Select Market was created as a separate market classification to drive greater recognition for world-class NASDAQ-listed companies that demonstrate a commitment to high standards and good governance.

“We are honored to receive this prestigious distinction from the NASDAQ Stock Market,” said Mario Rivas, President and CEO. “Our company takes great pride in striving for excellence in all aspects of our business. So receiving this kind of recognition as one of NASDAQ’s top companies is a tremendous point of validation for our efforts.”

According to NASDAQ, qualifying for the Global Select Market is a mark of achievement, leadership and stature for the companies that are included, while also demonstrating a message of high standards to investors. ANADIGICS has been a publicly traded company on the NASDAQ Stock Market since 1995.

“We have enjoyed a long-term, highly successful affiliation with the NASDAQ Stock Market and we’re excited about this next phase of our relationship as one of the elite Global Select members of the market,” said Thomas Shields, Chief Financial Officer.

This recognition is another highlight from a highly successful 2010 for ANADIGICS. Through its most recent quarter, ended October 2, 2010, net sales for the company totaled $156.5 million, up approximately 58.6 percent over the prior year. Looking ahead into 2011, ANADIGICS looks forward to building on its success with its new product design portfolio for 3G, 4G / LTE and Multi Mode Multi Band technologies, along with new design engagements with chipset providers and Tier I OEMs.

For more information on ANADIGICS products and multimedia content, please refer to the following resources:

• ANADIGICS Facebook: http://www.facebook.com/anadigics
• ANADIGICS Photos: http://www.flickr.com/anadigics
• ANADIGICS Twitter: http://www.twitter.com/anadigics
• ANADIGICS Video: http://www.youtube.com/anadigics

About ANADIGICS, Inc.
ANADIGICS, Inc. (NASDAQ: ANAD) delivers integrated radio frequency (RF) solutions that OEMs and ODMs demand to optimize the performance of wireless, broadband and cable applications across all major networks and standards. ANADIGICS features a diverse portfolio of highly linear, highly efficient RFICs. Headquartered in Warren, NJ, the company’s award-winning products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers and other components that can be purchased individually or packaged as integrated RF and front-end modules. For more information, visit www.anadigics.com.

Media Relations
Vivian Chang
ANADIGICS, Inc.
Tel: +886 935 315 393
E-mail: Email Contact
Investor Relations
Thomas Shields
ANADIGICS, Inc.
Tel: +1 908 412 5995
E-mail: Email Contact

Text100 PR Agency Contact
Kevin Doak
Text 100 Public Relations
Tel: +1 617 399 4931
Email: Email Contact

Corinthian Colleges (COCO) to Announce Fiscal 2011 Second Quarter Results

SANTA ANA, Calif., Jan. 14, 2011 /PRNewswire/ — Corinthian Colleges, Inc. (Nasdaq: COCO) will report financial results for the first quarter ended December 31, 2010, on February 1 prior to market open.  The company will host a conference call at 12:00 p.m. ET (9:00 a.m. PT) on Tuesday, February 1 to review its performance and outlook.

The conference call will be open to all interested investors through a live audio webcast via the internet at www.cci.edu (Investor Relations/Webcasts & Presentations) and www.streetevents.com.  The call will be archived on www.cci.edu.  A telephonic playback of the conference call will also be available through 5:00 p.m. EST, Tuesday, February 8th.  The playback can be reached by dialing (888) 286-8010 (domestic) or (617) 801-6888 (international) and entering passcode 56538849.

About Corinthian Colleges, Inc.

Corinthian is one of the largest post-secondary education companies in North America. Our mission is to change students’ lives. We offer diploma and degree programs that prepare students for careers in demand or for advancement in their chosen fields. Our program areas include health care, business, criminal justice, transportation technology and maintenance, construction trades and information technology. We have 122 Everest, Heald and WyoTech campuses, and also offer a variety of degrees online. For more information, go to http://www.cci.edu/.

ZBB Energy (ZBB) Delivers Intelligent Storage Platform to Wisconsin Energy Research Consortium (WERC)

MILWAUKEE, WI — (Marketwire) — 01/13/11 — ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, today announced the successful factory testing and delivery of their ZESS POWR™ PECC and ZESS 50 advanced energy power and storage solutions to the energy lab at UWM’s College of Engineering & Applied Science. UWM recently awarded ZBB a competitive bid contract to supply cutting-edge technology for use by a multi-university team of researchers conducting renewable energy studies for the Wisconsin Energy Research Consortium (WERC). The successful factory testing, delivery and acceptance by UWM allows ZBB to recognize the revenue for this contract in fiscal Q2 2011.

The WERC research project will utilize ZBB technology in a two-phase effort. The first phase of the project will study individual wind turbines. These results will be applied in a phase two study to remodel an entire wind farm system to improve reliability and put wind farms on equal footing with conventional fuel sources, such as coal and gas fueled power plants. “ZBB is a proud member of WERC and we have no doubt that with members like Johnson Controls and Eaton, this consortium will push the industry forward. We are very happy UWM selected our equipment for the effort,” said Eric Apfelbach, CEO of ZBB Energy.

The ZESS POWR™ PECC is a hybrid power system that converts any combination of wind, solar, hydro or other generating sources to independently optimize the control of each generating source while providing a ‘steady-state’ power output to the electrical loads or directly to the grid.

The ZESS 50 technology is a Zinc Bromide flow battery designed to serve as an advanced electrical energy storage device, and is constructed from environmentally-friendly materials that provide for long service life and advanced performance when compared with traditional chemical batteries.

ZBB serves a variety of global markets, including utility, government, commercial, industrial and residential customers. ZBB also provides its technology to the U.S. Department of Defense through its various relationships with major defense contractors. The company has a 75,000 square foot manufacturing facility in Menomonee Falls, as well as research and development offices in Perth, Australia.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides distributed intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. This platform solves a wide range of electrical system challenges in global markets for various types of sites with utility, governmental, commercial, industrial and residential end customers. A developer and manufacturer of its modular, scalable and environmentally friendly power systems (“ZESS POWR™”), ZBB Energy was founded in 1998 and is headquartered in Wisconsin with offices also located in Perth, Western Australia.

Safe Harbor Statement
Certain statements made in this press contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or other comparable terms. Forward-looking statements in this press release may address the following subjects among others: statements regarding the sufficiency of our capital resources, expected operating losses, expected revenues, expected expenses and our expectations concerning our business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports of Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Contact Information:
Helen Brown
Investor Relations
ZBB Energy Corporation
T: 262.253.9800
Email: Email Contact

China MediaExpress Holdings, Inc. (CCME) Announces Three New Contracts

Jan. 13, 2011 (Business Wire) — China MediaExpress Holdings, Inc. (NASDAQ GS: CCME) (“CME” or “Company”), China’s largest television advertising operator on inter-city and airport express buses, today announced that it has signed three new long-term agreements, adding a total of 774 express buses to its network. Specifically, CME signed the following contracts:

• A long-term framework agreement with a media company to purchase exclusive rights to supply entertainment programming along with paid advertising on 623 inter-city express buses originating from the Henan province, for a period of five years and commenced on January 1, 2011. As per the framework agreement, CME will pay the media company a one-time fee for the acquisition of the operating rights in addition to a fixed monthly concession fee to the bus operator over the term of the contract with an annual increment of 15%.
• A framework agreement with a media company to purchase exclusive rights to supply entertainment programming along with paid advertising on 101 airport express buses originating from the Chengdu Shuangliu International Airport in the Sichuan Province. CME’s contract is for a period of four years and commenced January 1, 2011. According to the framework agreement, CME will pay the media company a one-time fee for the acquisition of the operating rights in addition to a fixed monthly concession fee over the term of the contract with an annual increment of 10%-30%.
• The third agreement was with another media company to purchase exclusive rights to supply entertainment programming along with paid advertising on 50 airport express buses originating from the Shijiazhuang Zhengding International Airport in the Hebei province. CME’s contract is for a period of three years and commenced January 1, 2011. According to the framework agreement, CME will pay the media company a one-time fee for the acquisition of the operating rights in addition to a fixed monthly concession fee over the term of the contract with an annual increment of 15%.

CME’s founder & CEO, Zheng Cheng added, “These new contracts have further expanded our airport express bus network which now includes eight of China’s largest airports in terms of passengers. In 2009, Chengdu Shuangliu International Airport was the busiest airport in Western China and the 6th busiest airport nationwide in terms of passenger traffic. The Shijiazhuang Zhengding International Airport is Hebei’s largest airport servicing 2.6 million passengers in 2010. Because of its proximity to Beijing, the airport was expanded before the 2008 Olympic Games and now serves as an alternate airport to the Beijing Capital International Airport. In addition, for the inter-city bus market, we have increased our presence in the province of Henan. We entered the province in September 2010 with an agreement for 986 inter-city buses. With this agreement and one in November for 635 inter-city buses, our network in Henan province encompasses more than 2,200 inter-city buses.”

About CME

CME, through contractual arrangements with Fujian Fenzhong, an entity majority owned by CME’s former majority shareholder, operates the largest television advertising network on inter-city and airport express buses in China. While CME has no direct equity ownership in Fujian Fenzhong, through the contractual agreements CME receives the economic benefits of Fujian Fenzhong’s operations. Fujian Fenzhong generates revenue by selling advertisements on its network of television displays installed on over 27,200 express buses originating in eighteen of China’s most prosperous regions, including the four municipalities of Beijing, Shanghai, Tianjin and Chongqing and fourteen economically prosperous regions, namely Guangdong, Jiangsu, Jiangxi, Fujian, Sichuan, Hebei, Anhui, Hubei, Shandong, Shanxi, Inner Mongolia, Zhejiang, Hunan and Henan.

CME is included in the Russell Global Index. For more information visit: www.ccme.tv.

China MediaExpress

Investor Relations Department

ir@ccme.tv

or

The Equity Group Inc.

Lena Cati, 212-836-9611

lcati@equityny.com

or

Linda Latman, 212-836-9609

llatman@equityny.com

TTM Technologies, Inc. (TTMI) Raises Fourth Quarter Outlook

SANTA ANA, Calif., Jan. 13, 2011 (GLOBE NEWSWIRE) — TTM Technologies, Inc. (Nasdaq:TTMI), a major global printed circuit board (PCB) manufacturer, today updated its fourth quarter 2010 guidance.

As a result of greater demand for its high technology products, and based on preliminary, unaudited results, TTM now expects fourth quarter 2010 revenue to be in the range of $375 million to $378 million, up from the previously announced range of $351 million to $367 million. GAAP earnings attributable to stockholders are now expected to be between $0.38 and $0.43 per diluted share, up from the previously announced range of $0.28 to $0.35 per diluted share. Non-GAAP earnings attributable to stockholders are now expected to be between $0.45 and $0.50, up from the previously announced range of $0.35 to $0.42 per diluted share.

Fourth Quarter and Fiscal Year 2010 Earnings Call Information

The Company will host a conference call and webcast to discuss the fourth quarter and fiscal year 2010 results on February 10, 2011, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time).

Telephone access will be available by dialing 800-762-8795 or 480-248-5081. The conference call also will be simulcast on the company’s website at www.ttmtech.com and will remain accessible for one week following the live event.

About TTM

TTM Technologies, Inc. is a major global printed circuit board manufacturer, focusing on quick-turn and technologically advanced PCBs and the backplane and sub-system assembly business. TTM stands for time-to-market, representing how the company’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Additional information can be found at www.ttmtech.com.

The TTM Technologies logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5691

About Our Non-GAAP Financial Measures

This release includes information about the Company’s non-GAAP earnings per share attributable to stockholders, which is a non-GAAP financial measure. Management believes that this measure — which adds back amortization of intangibles, stock-based compensation expense, non-cash interest expense on debt, asset impairment and restructuring charges, inventory adjustments, costs related to the Meadville Holdings transaction and miscellaneous closing costs as well as the associated tax impact of these charges — provides additional useful information to investors regarding the Company’s ongoing financial condition and results of operations.

A material limitation associated with the use of the above non-GAAP financial measure is that it has no standardized measurement prescribed by GAAP and may not be comparable with similar non-GAAP financial measures used by other companies. The Company compensates for these limitations by providing full disclosure of each non-GAAP financial measure and reconciliation to the most directly comparable GAAP financial measure. However, the non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.

Safe Harbor Statement

This release contains forward-looking statements that relate to future events or performance. These statements reflect the company’s current expectations, and the company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include, but are not limited to, the company’s dependence upon the electronics industry, the impact of the current economic crisis, the company’s dependence upon a small number of customers, the unpredictability of and potential fluctuation in future revenues and operating results, increased competition from low-cost foreign manufacturers and other “Risk Factors” set forth in the company’s most recent SEC filings.

CONTACT: Steve Richards, CFO
         714-327-3000

China Direct Industries (CDII) Provides Update for Its Magnesium Segment Sales

DEERFIELD BEACH, FL–(Marketwire – 01/12/11) – China Direct Industries, Inc. (“China Direct Industries”) (NASDAQ:CDII – News), a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, announced today that its magnesium segment operations received new purchase contracts valued at approximately $31 million in its first quarter of fiscal 2011, ended December 31, 2010. Deliveries of these new orders began in the first quarter of fiscal 2011 and are expected to be completed by the third quarter of fiscal 2011.

The $31 million in new contracts consisted of direct purchases from new and existing customers including three major Fortune 500 companies. Additionally, the efforts of our direct marketing company International Magnesium Group or “IMG” and its branding efforts made a significant contribution to these contracts. Management sees these new contract wins as continuing evidence of an improving overall demand for its magnesium products and recognition of its branding initiative.

Commenting on the contracts, Dr. James Wang, Chairman and CEO of China Direct Industries, Inc., stated, “We are excited to see a continued improvement in our magnesium sales as evidenced by these new contracts. We are particularly pleased to have signed supply contracts with Fortune 500 customers directly through our IMG marketing efforts as we continue to build our IMG brand as the source for reliable supplies of magnesium. We are confident that the magnesium industry will continue to recover and we intend to build on this momentum throughout fiscal 2011.”

About China Direct Industries, Inc.

China Direct Industries, Inc. (NASDAQ:CDII – News) is a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution and distribution of basic materials in China. China Direct Industries also provides advisory services to China based companies in competing in the global economy. Headquartered in Deerfield Beach, Florida, China Direct Industries operates 9 subsidiaries throughout China. This infrastructure creates a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets. For more information about China Direct Industries, please visit http://www.cdii.net.

DISCLOSURE NOTICE:

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China Direct Industries, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning demand for our magnesium products, the recognition of our IMG branding initiative, the expected delivery dates for the magnesium and the recovery of the magnesium industry.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Report on Form 10-K for the fiscal year ended September 30, 2010.

Contact Information:
China Direct Industries, Inc.
Richard Galterio or Lillian Wong
Investor Relations
Phone: 1-877-China-57
Email: richard.galterio@cdii.net
lillian.wong@cdii.net

ZBB Energy Corporation (ZBB) to Close $2 Million Equity Financing

MILWAUKEE, WI — (Marketwire) — 01/11/11 — ZBB Energy Corporation (NYSE Amex: ZBB) (the “Company”) today announced that it received approval from the NYSE Amex (the “Exchange”) for listing of the shares in connection with the previously reported Stock Purchase Agreements with certain investors providing for the sale of a total of $2 million of the Company’s common stock, including $200,000 of these shares that are being purchased by members of the Company’s board of directors. The Company announced that the financing is scheduled to close January 12, 2011.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides distributed intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. This platform solves a wide range of electrical system challenges in global markets for various types of sites with utility, governmental, commercial, industrial and residential end customers. A developer and manufacturer of its modular, scalable and environmentally friendly power systems (“ZESS POWR™”), ZBB Energy was founded in 1998 and is headquartered in Wisconsin with offices also located in Perth, Western Australia.

Safe Harbor Statement
Certain statements made in this press contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or other comparable terms. Forward-looking statements in this press release may address the following subjects among others: statements regarding the sufficiency of our capital resources, expected operating losses, expected revenues, expected expenses and our expectations concerning our business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports of Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Contact Information:
Helen Brown
Investor Relations
ZBB Energy Corporation
T: 262.253.9800
Email: Email Contact

Active Power (ACPW) to Provide Continuous Critical Backup Power at 2011 Nordic World Ski Championships

Jan. 12, 2011 (Business Wire) — Active Power (NASDAQ: ACPW) will deploy its PowerHouse system, a continuous critical infrastructure solution onsite for the 2011 Nordic World Ski Championships, being held February 23 through March 6, 2011, in Holmenkollen, Norway. The 40 foot, 400 kW containerised power infrastructure system will provide complete power conditioning and protection for the event’s international broadcast centre (IBC). The system will be integrated and tested at Active Power’s facility in Evesham, England, and then delivered to the customer site in January 2011.

“The local government of Oslo required a complete turnkey power solution that could condition utility power to the IBC, but also supply longer term power in the instance of a mains failure,” said Jon Vidar Berg, sales engineer, Energyst CAT Rental Power, Norway, who served as the contractor on the project.

“Just as important though, winters in Oslo can be extremely cold so we needed rugged power infrastructure equipment that could withstand temperatures as low as minus 25 degrees Celsius. In these conditions, conventional UPS (uninterruptible power supply) technology would require a heated enclosure. Active Power’s PowerHouse system, with its flywheel UPS, is flexible enough to operate under these conditions.”

With more than 300,000 spectators expected to attend and millions more to watch on television and via the Internet, the 2011 Nordic World Ski Championships is one of the most popular winter games event in Scandinavia. The event will hold more than 20 cross country, Nordic combined and ski jumping events in Holmenkollen. Due to the increased media attention at the games, the IBC will manage all communications and broadcast feeds to television and online networks across Scandinavia.

“Our PowerHouse system is a perfect fit for this particular application in Oslo,” said Jim Clishem, president and CEO at Active Power. “The containerised solution offers all critical physical infrastructure components – high efficiency flywheel UPS, diesel generator, switchgear and monitoring and controls software – in one streamlined package. The solution is made up of manufactured components and is preconfigured and pretested prior to deployment, providing better performance, quick delivery and tangible economic benefits versus other alternatives.”

About Active Power

Active Power (NASDAQ: ACPW) provides efficient, reliable and green critical power solutions and uninterruptible power supply (UPS) systems to enable business continuity in the event of power disturbances. Founded in 1992, Active Power’s flywheel-based UPS systems protect critical operations in data centers, healthcare facilities, manufacturing plants, broadcast stations and governmental agencies in more than 40 countries. With expert power system engineers and worldwide services and support, Active Power ensures organizations have the power to perform. For more information, please visit www.activepower.com.

Cautionary Note Regarding Forward-Looking Statements

This release may contain forward-looking statements that involve risks and uncertainties. Any forward-looking statements and all other statements that may be made in this news release that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially. Specific risks include delays in new product development, product performance and quality issues and the acceptance of our current and new products by the power quality market. Please refer to Active Power filings with the Securities and Exchange Commission for more information on the risk factors that could cause actual results to differ.

Active Power, CleanSource and CoolAir are registered trademarks of Active Power, Inc. The Active Power logo and PowerHouse are trademarks of Active Power, Inc. All other trademarks are the properties of their respective companies.

Active Power

Investor Contact:

Liolios Group

Ron Both, 949-574-3860

ron@liolios.com

or

Media Contact:

Lee Higgins, 512-744-9488

Public Relations Manager

lhiggins@activepower.com

Affymetrix (AFFX) Announces Positive Operating Income and Net Income for Q4-2010

Jan. 12, 2011 (Business Wire) — Affymetrix, Inc. (NASDAQ:AFFX) today announced that based on preliminary financial data, the Company expects to generate positive operating income and net income on a GAAP basis for the fourth-quarter of 2010. Total revenue for the fourth quarter is expected to be approximately $85 million and includes a $4.8 million milestone payment from a “Powered by Affymetrix” diagnostic partner.

The Company also announced that it has repurchased an additional $53 million face value of 3.5% convertible notes. The Company repurchased more than $150 million of 3.5% convertible notes in 2010 and now has about $95 million in outstanding convertible debt. The Company expects to have a year-end net cash balance of approximately $140 million.

“We made significant progress in 2010 and we expect to report positive operating income and net income for both the fourth quarter and the second half of 2010,” said Kevin M. King, president and chief executive officer. “These results reflect our disciplined focus on operations which has significantly lowered our break-even point. We exit 2010 in a strong financial position and we are committed to the continued improvement of our business in 2011 and beyond.”

Affymetrix will webcast its presentation at the 29^th Annual JP Morgan Healthcare Conference on Thursday, January 13, 2011 at 7:30 a.m. PT. A live webcast will be available at http://www.affymetrix.com under the “Investors” link. The archived webcast will be available for 30 days.

Affymetrix’ management team will host a conference call on February 2, 2011 at 2:00 p.m. PT to review its operating results for the fourth quarter and fiscal year 2010. A live webcast can be accessed by visiting the Investor Relations section of the Company’s website at www.affymetrix.com. In addition, investors and other interested parties can listen by dialing domestic: (877) 407-8291, international: (201) 689-8345.

A replay of this call will be available from 5:00 p.m. PT on February 2, until 8:00 p.m. PT on February 9, 2011 at the following numbers: domestic: (877) 660-6853, international: (201) 612-7415. The passcode for both replays is 364850. An archived webcast of the conference call will be available under the Investor Relations section of the Company’s website.

About Affymetrix

Affymetrix technology is used by the world’s top pharmaceutical, diagnostic, and biotechnology companies, as well as leading academic, government, and nonprofit research institutes. More than 2,000 systems have been shipped around the world and more than 22,000 peer-reviewed papers have been published using the technology.

Affymetrix is headquartered in Santa Clara, Calif., and has manufacturing facilities in Santa Clara, Cleveland, Ohio, and Singapore. The company has about 1,000 employees worldwide and maintains sales and distribution operations across Europe and Asia. For more information about Affymetrix, please visit www.affymetrix.com.

Forward-looking statements

Affymetrix has not filed its Annual Report Form 10-K for the year ended December 31, 2010. All financial results described in this press release should be considered preliminary and unaudited, and are subject to change to reflect any necessary corrections or adjustments, or changes in accounting estimates, that are identified prior to the time the Company files its Annual Report on Form 10-K for the year ended December 31, 2010.

All statements in this press release that are not historical are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act as amended, including statements regarding Affymetrix’ “expectations,” “beliefs,” “hopes,” “intentions,” “strategies” or the like. Such statements are subject to risks and uncertainties that could cause actual results to differ materially for Affymetrix from those projected, including, but not limited to: risk relating to the Company’s ability to successfully commercialize new products, risk relating to past and future acquisitions, including the ability of the Company to successfully integrate such acquisitions into its existing business; risks relating to the Company’s ability to achieve and sustain higher levels of revenue, higher gross margins and reduced operating expenses; uncertainties relating to technological approaches, risks associated with manufacturing and product development; personnel retention; uncertainties relating to cost and pricing of Affymetrix products; dependence on collaborative partners; uncertainties relating to sole-source suppliers; uncertainties relating to FDA and other regulatory approvals; competition; risks relating to intellectual property of others and the uncertainties of patent protection and litigation. These and other risk factors are discussed in Affymetrix’ Annual Report on Form 10-K for the year ended December 31, 2009, and other SEC reports, including its Quarterly Reports on Form 10-Q for subsequent quarterly periods. Affymetrix expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Affymetrix’ expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

Affymetrix, Inc.

Media Contact:

Joyce Davis

Office: 408-731-5988

Mobile: 408-221-4428

Senior Manager, Corporate Communications

Joyce_Davis@affymetrix.com

or

Investor Contact:

Doug Farrell, 408-731-5285

Vice President, Investor Relations

FDA Awards SDIX Method Equivalency for Salmonella Enteritidis Detection in Poultry Houses and Eggs

Jan. 12, 2011 (Business Wire) — SDIX™ (NASDAQ: SDIX), a leading supplier of rapid detection solutions to the $1 billion food pathogen testing market, today announced that its RapidChek^® SELECT™ Salmonella Enteritidis (SE) test system has been reviewed by the U.S. Food and Drug Administration (FDA) and determined to be equivalent in accuracy, precision and sensitivity to their current standard methods for poultry house environmental drag swabs and pooled egg testing. For pooled egg testing, SDIX’s method is considered by FDA as equivalent to its standard test without a 96-hour hold period, thus delivering results with a substantial time and cost advantage.

Recently, SDIX’s test also earned Performance-Tested Methods℠ (PTM) certification from the AOAC Research Institute (AOAC-RI). The AOAC PTM certification also validated the RapidChek SELECT SE method as equivalent to the FDA methodology for detecting SE in poultry house environments and pooled eggs. With the added FDA equivalency determination, SDIX’s test can help the approximately 3,300 egg producers comply with the new FDA regulations and significantly reduce contamination levels from those being experienced today by providing a more sensitive and accurate detection of SE.

The FDA Final Rule dictates that if SE is found in the layer environment, eggs must then be screened for the presence of SE in order to keep any contaminated eggs from reaching the consumer market. With this FDA equivalency ruling, SDIX can offer U.S. egg producers an easier, faster, and cost effective way to comply with that FDA regulation.

According to the USDA and the Center for Disease Control’s (CDC) FoodNet surveillance system Salmonella is not only the most common food-borne bacterial pathogen with over 1 million estimated cases annually in the US, but it is also responsible for more hospitalizations and more deaths – almost 400 annually– than any other food pathogen. Over 500 million eggs were recalled from this past summer’s SE outbreak with reports of approximately 1,800 cases of Salmonella poisoning from tainted eggs.

Tim Lawruk, Food Safety Market Manager at SDIX, said, “The RapidChek^® SELECT™ SE test system can deliver results for environmental samples from the layer house one full day faster than the current FDA method and with substantially increased sensitivity and accuracy. These benefits enable egg producers to identify SE in the environment before it contaminates eggs, which helps ensure safer eggs and reduces the possibility of a costly egg recall. This ability to screen for SE quickly and accurately is especially relevant today given the recent egg recalls. For egg testing, the RapidChek SELECT method can provide SE test results 5 days faster than the FDA method, which has a substantial effect on product storage and release for the egg producers.”

Continuing, Mr. Lawruk said, “Obtaining both AOAC-RI certification and FDA method equivalency provides egg producers complete confidence that deploying SDIX’s rapid methods not only provides great financial benefits, but also ensures that they are complying with the testing requirements of the FDA Final Rule.”

The new testing system is comprised of the RapidChek® SELECT™ Salmonella Enteritidis detection system for screening environmental drag swabs or pooled eggs and the RapidChek® CONFIRM™ Salmonella Enteritidis immunomagnetic separation system for confirmation of environmental presumptive positive samples. The FDA statement of method equivalency can be found on the FDA Egg Safety Action Plan website.

About SDIX (www.sdix.com)

SDIX is a biotechnology company delivering advanced immuno-solutions and critical reagents to the life science sector, including pharmaceutical, biotechnology, diagnostic, and basic research partners as well as effective pathogen detection tests to help ensure food safety.

In life science, SDIX helps scientists discover the mechanisms of disease, facilitate the development of new drugs, and provide tools for rapid diagnosis through its suite of fully integrated immuno-solutions – from targeted antigen design to create unique antibodies, to assay design, development, and production. In food safety, SDIX rapid assays help customers reduce time, labor, and costs while increasing accuracy and reliability of food pathogen detection.

This news release may contain forward-looking statements reflecting SDIX’s current expectations. When used in this press release, words like “anticipate”, “could”, “enable”, “estimate”, “intend”, “expect”, “believe”, “potential”, “will”, “should”, “project”, “plan” and similar expressions as they relate to SDIX are intended to identify said forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, which may cause actual results to differ from those anticipated by SDIX at this time. Such risks and uncertainties include, without limitation, changes in demand for products, the application of our technologies to various uses, delays in product development, delays in market acceptance of new products, retention of customers and employees, adequate supply of raw materials, inability to obtain or delays in obtaining fourth party or required government approvals, the ability to meet increased market demand, competition, protection of intellectual property, non-infringement of intellectual property, seasonality, and other factors more fully described in SDIX’s public filings with the U.S. Securities and Exchange Commission.

SDIX Company Contact:

Tim Lawruk

Food Safety Market Manager

(302) 456-6789

tlawruk@sdix.com

International Tower Hill Mines (THM) Announces 2011 Exploration Program

VANCOUVER, BRITISH COLUMBIA–(Marketwire – 01/11/11) – International Tower Hill Mines Ltd. (“ITH” or the “Company”) (TSX:ITH)(AMEX:THM)(Frankfurt:IW9) is pleased to announce its 2011 Exploration Program at the Livengood Gold Project near Fairbanks, Alaska, and the addition of key new corporate and project personnel. The planned 2011 exploration program, budgeted at approximately $10 million, will include 45,000 metres of resource expansion and in-fill drilling at the Money Knob gold resource along with a 10,000-metre district-scale new discovery exploration program.

Initiation of 2011 Drilling Program at Livengood

The 2011 Exploration Program will commence in early February and include a $7.5-million, 45,000-metre resource expansion and in-fill drill program focused on the Money Knob deposit, which currently hosts an Indicated gold resource of 10.9 million ounces (409 million tonnes at an average grade of 0.83 g/t gold) and an Inferred gold resource of 2.4 million ounces (94 million tonnes at an average grade of 0.79 g/t gold), both at a 0.5 g/t gold cutoff). Drilling will focus on the west and southwest target areas and follow up a new deep high-grade zone discovered during the 2010 exploration program (as indicated by hole MK-RC-0458 which intercepted 112 metres of 2.63 g/t gold and 108 metres of 1.0 g/t gold – see NR10-38).

In addition, the Company will commence a $2.4-million, 10,000-metre district-scale new discovery exploration program involving major geophysics work for target generation at the Livengood project, where more than 90% of the 145 km(2) land package remains unexplored.

Livengood Resource Update

Upon receipt of final 2010 in-fill and step-out drill results, the Company will prepare a NI 43-101 technical report updating and potentially expanding (based on the positive results from step-out holes completed in 2010) the current Money Knob estimated resource. The updated resource estimate is expected to be completed in the first quarter of 2011.

Key Personnel Additions

The Company has strengthened its corporate and technical management structure with the following appointments:

 

--  Shirley Zhou has been appointed Vice President of Corporate
    Communications to grow the Company's shareholder base and to spearhead a
    comprehensive market awareness campaign within the international
    investment community that will highlight the investment opportunity
    represented by the Company. Ms. Zhou has eight years of combined
    experience in journalism, investor relations and strategic marketing and
    has worked as a corporate communications professional with publicly
    listed companies in both Canada and the U.S. since 2005. Before joining
    the Company, she held the position of Corporate Communications Manager
    for Silvercorp Metals Inc., a NYSE/TSX-listed silver producer, from
    August 2008 to August 2010. Ms. Zhou is based in Vancouver, B.C.

--  Debbie Evans has been appointed Controller for the Company's Alaskan
    operations. Ms. Evans comes to the Company from the Kensington Mine
    operated by Coeur Alaska Inc. where she was the Mines Controller. Prior
    to Kensington, Ms. Evans was Controller at the Fort Knox Mine and
    previously held senior accounting positions at the Stillwater and Round
    Mountain Mines. Ms. Evans will be based in Fairbanks, Alaska.

Carl Brechtel, President and Chief Operating Officer, stated: “I am very pleased with the addition of our new team members and the exceptional expertise they bring to the Company and the Livengood project. ITH is extremely fortunate in its ability to attract such high calibre individuals to its organization as we continue to grow the Company.”

Grant of Incentive Stock Options

The Company also announces that, pursuant to its 2006 Incentive Stock Option Plan, it has granted incentive stock options to purchase 265,000 common shares in the capital stock of the Company to new and existing employees of the Company. The options are exercisable on or before January 10, 2013, at a price of CAD 9.15 per share and have a 12-month vesting period.

Livengood Project Summary

 

--  ITH controls 100% of its approximately 145 square kilometre Livengood
    land package, which is made up of fee land leased from the Alaska Mental
    Health Trust, a number of smaller private mineral leases and 115 Alaska
    state mining claims.

--  The Livengood project has a favourable logistical location, being
    situated 110 road kilometres north of Fairbanks, Alaska, along the
    paved, all-weather Elliott Highway, the Trans-Alaska Pipeline Corridor
    and the proposed Alaska natural gas pipeline route. The terminus of the
    Alaska State power grid lies approximately 80 kilometres to the south.

--  Drilling at the project continues to expand the deposit with the current
    estimated resource only representing a snapshot in time. The latest
    resource estimate (as at June 22, 2010) of 409 Mt at an average grade of
    0.83 g/t gold (10.9 Moz Indicated) and 94 Mt at an average grade of 0.79
    g/t gold (2.4 Moz Inferred), both at a 0.5 g/t gold cut-off grade, makes
    it one of the largest new gold discoveries in North America.

--  The Core and Sunshine Zones together account for most of the higher
    grade mineralization (Indicated Resources of 202 Mt at an average grade
    of 1.07 g/t gold and Inferred Resources of 40 Mt at an average grade of
    1.06 g/t gold, based on a cut-off grade of 0.70 g/t gold) and will form
    the basis for starter pit design work.

--  No major permitting hurdles have been identified to date.

--  A prefeasibility study is underway and processing alternative mining
    scenarios to identify those that have the potential to make a
    significant positive impact on project economics.

--  The geometry of the currently defined shallowly dipping, outcropping
    deposit has a low strip ratio amenable to low-cost open-pit mining which
    could support a high production rate and economies of scale.

Geological Overview

The Livengood Deposit is hosted in a thrust-interleaved sequence of Proterozoic to Palaeozoic sedimentary and volcanic rocks. Mineralization is related to a 90 million year old (Fort Knox age) dike swarm that cuts through the thrust stack. Primary ore controls are a combination of favourable lithologies and crosscutting structural zones. In areas distal to the main structural zones, the selective development of disseminated mineralization in favourable host rocks is the main ore control.

Within the primary structural corridors, all lithologies can be pervasively altered and mineralized. Devonian volcanic rocks and Cretaceous dikes represent the most favourable host lithologies and are pervasively altered and mineralized throughout the deposit. Two dominant structural controls are present: 1) the major shallow south-dipping faults which host dikes and mineralization which are related to dilatant movement on structures of the original fold-thrust architecture during post-thrusting relaxation, and 2) steep NW trending linear zones which focus the higher-grade mineralization which cuts across all lithologic boundaries. The net result is broad flat-lying zones of stratabound mineralization around more vertically continuous, higher grade core zones with a resulting lower strip ratio for the overall deposit and higher grade areas that could be amenable for starter pit production.

The surface gold geochemical anomaly at Livengood covers an area 6 kilometres long by 2 kilometres wide, of which approximately half has been explored by drilling to date. Surface exploration is ongoing as new targets are being developed to the northeast and west of the known deposit.

Qualified Person and Quality Control/Quality Assurance

Exploration and development work at the Livengood Project is directed by Carl E. Brechtel (Colorado PE 23212, Nevada PE 8744) who is a qualified person as defined by National Instrument 43-101. He is a member of AusIMM and SAIMM. Mr. Brechtel has supervised the preparation of the scientific and technical information in this news release and has approved such disclosure herein. Mr. Brechtel is not independent of the Company, as he is the President and COO of the Company and holds incentive stock options.

The Livengood development work program is supervised by Karl Hanneman, Alaska General Manager and Livengood Project Manager, who is responsible for all aspects of the Livengood development work. Mr. Hanneman is not independent of the Company, as he is an employee of the Company and holds incentive stock options.

The Livengood exploration program is designed and supervised by Chris Puchner, Chief Geologist (CPG 07048) of the Company, who is responsible for all aspects of the work, including the quality control/quality assurance program. Mr. Puchner is not independent of the Company as he is an employee of the Company and holds incentive stock options.

On-site personnel at Livengood photograph the core from each individual borehole prior to preparing the split core. Duplicate reverse circulation drill samples are collected with one split sent for analysis. Representative chips are retained for geological logging. On-site personnel at the project log and track all samples prior to sealing and shipping. All sample shipments are sealed and shipped to ALS Chemex in Fairbanks, Alaska, for preparation and then on to ALS Chemex in Reno, Nevada or Vancouver, B.C. for assay. ALS Chemex’s quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About International Tower Hill Mines Ltd.

International Tower Hill Mines controls a 100% interest in the world-class Livengood Gold Project accessible by paved highway 70 miles north of Fairbanks, Alaska. ITH is focused on the rapid advancement of the project into a compelling potential development project in 2011 while it continues to expand its current resource and explore its 145 km(2)district for new deposits.

On behalf of International Tower Hill Mines Ltd.

Carl Brechtel, President and Chief Operating Officer

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for the expansion of the estimated resources at Livengood, the potential to convert the existing estimated resources at Livengood from the indicated and inferred categories to the measured and indicated categories; the potential for any production at the Livengood project, the potential for higher grade mineralization to form the basis for a starter pit component in any production scenario, the potential low strip ratio of the Livengood deposit being amenable for low cost open pit mining that could support a high production rate and economies of scale, the potential for cost savings due to the high gravity concentration component of some of the Livengood mineralization, the potential for operational and capital cost savings through the potential use of milling, with a flotation-gravity circuit, the completion of a pre-feasibility study at Livengood, the potential for a production decision to be made regarding Livengood, the potential commencement of any development of a mine at Livengood following a production decision, business and financing plans and business trends, are forward-looking statements. Information concerning mineral resource estimates and the preliminary economic analysis thereof also may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered, and the results of mining it, if a mineral deposit were developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, the Company’s inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company’s Amended 2010 Annual Information Form filed with certain securities commissions in Canada and the Company’s 2010 Annual Report on Form 40-F filed with the United States Securities and Exchange Commission (the “SEC”), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the latest technical report filed with respect to the Livengood Property.

Cautionary Note Regarding References to Resources and Reserves

National Instrument 43 101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all resource estimates contained in or incorporated by reference in this press release have been prepared in accordance with NI 43-101 and the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resource and Mineral Reserves, adopted by the CIM Council on November 14, 2004 (the “CIM Standards”) as they may be amended from time to time by the CIM.

United States shareholders are cautioned that the requirements and terminology of NI 43-101 and the CIM Standards differ significantly from the requirements and terminology of the SEC set forth in the SEC’s Industry Guide 7 (“SEC Industry Guide 7”). Accordingly, the Company’s disclosures regarding mineralization may not be comparable to similar information disclosed by companies subject to SEC Industry Guide 7. Without limiting the foregoing, while the terms “mineral resources”, “inferred mineral resources”, “indicated mineral resources” and “measured mineral resources” are recognized and required by NI 43-101 and the CIM Standards, they are not recognized by the SEC and are not permitted to be used in documents filed with the SEC by companies subject to SEC Industry Guide 7. Mineral resources which are not mineral reserves do not have demonstrated economic viability, and US investors are cautioned not to assume that all or any part of a mineral resource will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher resource category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility study or prefeasibility study, except in rare cases. 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 amounts. The term “contained ounces” is not permitted under the rules of SEC Industry Guide 7. In addition, the NI 43-101 and CIM Standards definition of a “reserve” differs from the definition in SEC Industry Guide 7. In SEC Industry Guide 7, a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve determination is made, and a “final” or “bankable” feasibility study is required to report reserves, the three-year historical price is used in any reserve or cash flow analysis of designated reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR11-01

Contacts:
International Tower Hill Mines Ltd.
Shirley Zhou
Vice-President - Corporate Communications
1-888-770-7488 (toll free) or (604) 638-3247
(604) 408-7499 (FAX)
szhou@ithmines.com
www.ithmines.com

Longwei Petroleum (LPH) Announces Interim Operating Highlights

TAIYUAN, China, Jan. 11, 2011 /PRNewswire-Asia/ — Longwei Petroleum Investment Holding Ltd. (NYSE Amex: LPH) (“Longwei” or the “Company”), an energy company engaged in the storage and distribution of finished petroleum products in the People’s Republic of China (“PRC”), today provided select operating data and highlights for October and November 2010.

During the first two months of the fiscal second quarter ended December 31, 2010, Longwei generated $79.7 million in revenues, a year-over-year increase of 69% from $47.1 million for the same period in 2009. The table below provides highlights (in USD millions) for the comparative two-month periods:

“We are very pleased with our financial performance this quarter as our customers’ demand for petroleum products continues to grow,” said Cai Yongjun, President and CEO of Longwei. “We are now enjoying the benefits of having our Gujiao facility open for a year. The advantage of our large storage capacity and proximity to our customers allows us to better serve their needs. We have established a reputation for having product on-hand, and we can deliver on a timely basis to support our customers’ growth.”

Revenues for the fiscal year ended June 30, 2010 totaled $343 million, a 72% increase from fiscal 2009 revenues of $197 million. The Company has forecasted revenues exceeding $500 million for the fiscal year ended June 30, 2011, a 46% increase from fiscal 2010. Revenues for the first five months of fiscal 2011 increased 81% year-over-year to $193.0 million, up from $106.6 million for the first five months of fiscal 2010. The increase is primarily due to the contribution of the Gujiao facility and strong customer demand.

“The outlook for our industry and the economic environment is promising, as both the industrial and vehicle markets grow in our region,” said Michael Toups, CFO of Longwei. “We are actively exploring strategic opportunities to take advantage of this growth in the marketplace. Our last acquisition has proven to be very successful, and we want to be well-positioned to expand our distribution base to support the growing demand.”

About Longwei Petroleum Investment Holding Limited

Longwei Petroleum Investment Holding Limited is an energy company engaged in the storage and distribution of finished petroleum products in the People’s Republic of China. The Company’s oil and gas operations consist of transporting, storing and selling finished petroleum products, entirely in the PRC. The Company’s headquarters are located in Taiyuan City, Shanxi Province. The Company has a storage capacity for its products of 120,000 metric tons located at storage facilities in Taiyuan and Gujiao, Shanxi. The Company’s Taiyuan and Gujiao facilities can store 50,000 metric tons and 70,000 metric tons, respectively. The Company is 1 of 3 licensed intermediaries in Taiyuan and the sole licensed intermediary in Gujiao that operates its own large-scale storage tanks. The Company has the necessary licenses to operate and sell petroleum products not only in Shanxi but throughout the entire PRC. The Company’s storage tanks have the largest storage capacity of any non-government operated entity in Shanxi.

The Company seeks to earn profits by selling its products at competitive prices with timely delivery to coal mining operations, power supply customers, large-scale gas stations and small, independent gas stations. The Company also earns revenue under an agency fee by acting as a purchasing agent for other intermediaries in Shanxi, and through limited sales of diesel and gasoline at two retail gas stations, each located at the Company’s facilities. The Company seeks to continue to expand its customer base and distribution platform through the utilization of its large storage capacity, which allows the Company the flexibility to take advantage of pricing, supply and demand fluctuations in the marketplace.

For further information on Longwei Petroleum Investment Holding Limited, please visit http://www.longweipetroleum.com. You may register to receive Longwei Petroleum Investment Holding Limited’s future press releases or request to be added to the Company’s distribution list by contacting Dave Gentry at info@redchip.com.

Forward-Looking Statements

Certain statements contained herein constitute “forward-looking statements“ within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about Longwei‘s industry, management‘s beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Longwei‘s operations are conducted in the PRC and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company‘s results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. Other potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Credo Petroleum (CRED) Completes Third Consecutive High Rate Bakken Discovery

DENVER, Jan. 11, 2011 (GLOBE NEWSWIRE) — Credo Petroleum Corporation (Nasdaq:CRED), an oil and gas exploration and production company with significant operations in the Rocky Mountain and Mid-Continent Regions, today updated its Bakken drilling activities in Dunn and Williams Counties, North Dakota.

In North Dakota’s Bakken oil resource play, the company has assembled approximately 8,000 gross (6,000 net) acres in the core of the play which are located primarily on the Fort Berthold Reservation, south and west of the Parshall Field. The acreage consists of approximately 50 initial well spacing units. The company expects that more than one well will be drilled on many spacing units. The project targets horizontal drilling for the Bakken and Sanish/Three Forks formations. Vertical well depths on the company’s acreage are approximately 10,000 feet and the horizontal legs are generally expected to range between 5,000 and 10,000 feet.  The company’s interests range from very small to 56% depending on the size of the spacing unit.

To date, five wells have been drilled on the company’s acreage. Three of the wells are producing and two that are awaiting completion for production.

The company’s third high rate Bakken producer was recently completed. The Petro-Hunt 3-A well was drilled on a 1,280-acre spacing unit with an approximate 10,000-foot lateral, and was fracture stimulated in 25 stages. The well flowed at a restricted rate of 1,367 barrels of oil equivalent during a 24-hour test on a small (18/64″) choke with flowing casing pressure of 3,050 psi. While the well was drilled last year, the completion phase was delayed until recently due to shortages of fracture stimulation equipment. The well is located in Dunn County on the Fort Berthold Reservation about four miles southeast of the company’s Petro-Hunt 17-D well. Credo owns an 18.75% working interest in the new well.

The company’s first Bakken well (Petro-Hunt 17-D) tested at an initial rate of 1,474 barrels of oil equivalent per day (“BOEPD”) on a 20/64″ choke, and has produced about 87,000 BOE in 11 months. The well is also located in Dunn County on the southwest portion of the Fort Berthold Reservation, and appears to be one of the best wells in the area. Credo owns a 10% working interest in the well.

The company’s second Bakken well (Brigham Weisz 11-14) tested at an initial rate of 2,278 BOEPD on a 48/64″ choke, and has produced approximately 52,000 BOE in four months. The well is located about 50 miles northwest of the Petro-Hunt 17-D in Williams County. Credo owns a 6.25% working interest in the well. Brigham’s development plans for the spacing unit could potentially include two additional Bakken wells and up to three Sanish/Three Forks wells.

Drilling is complete on two additional wells located on the Fort Berthold Reservation where Credo owns small interests — the Zenergy 14-23 well and the Questar MHA 1-32 well. Both wells are currently awaiting completion for production. Credo owns 1.56% and 3.57% in the wells, respectively.

The company anticipates drilling at least nine wells on its Bakken acreage during 2011.

MANAGEMENT COMMENT

Marlis E. Smith, Jr., Chief Executive Officer, stated, “Our new Petro-Hunt 3-A well appears to be another excellent Bakken horizontal producer. It is significant that the well’s high test rate came on a small choke. Based on our 18.75% interest, we expect it to contribute significantly to Credo’s financial and operating results.

“Several years ago, the U.S. Geological Survey estimated that the Bakken contains around 4.0 billion barrels of undiscovered oil. Since that time, reserve estimates for the play have been increasing steadily as technology improves. The North Dakota Department of Mineral Resources recently indicated that the North Dakota portion of the Bakken and Sanish/Three Forks plays could reasonably contain 11 billion barrels of recoverable oil.

“Credo’s Bakken acreage is located in the heart of the play where about a dozen of the most active operators are drilling. We believe that more than one Bakken well will be drilled on many of our 50 spacing units. In addition, the Sanish/Three Forks Formation is prospective in the area, and it is likely that this formation will also be developed on some of our spacing units. Accordingly, we look forward to many wells being drilled on our acreage.”

Smith continued, “We are in the very early stages of growing Credo’s production and reserves from the heart of the nation’s premiere oil resource play. We plan to increase our drilling in 2011 with a realistic expectation of more outstanding success.”

About Credo Petroleum: Credo Petroleum Corporation is an independent exploration, development and production company based in Denver, Colorado. The company has significant operations in North Dakota’s Bakken play, the Texas Panhandle, Oklahoma, Kansas and Nebraska. Credo utilizes advanced technologies, including 3-D seismic, horizontal drilling and multi-stage, high pressure fracturing, to systematically explore for oil and gas. In addition, the company’s patented Calliope Gas Recovery System is used to revitalize old gas wells and recover stranded reserves from depleted gas reservoirs.

This press release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included in this press release, other than statements of historical facts, address matters that the company reasonably expects, believes or anticipates will or may occur in the future. Such statements are subject to various assumptions, risks and uncertainties, many of which are beyond the control of the company. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those described in the forward-looking statements. Investors are encouraged to read the “Forward-Looking Statements” and “Risk Factors” sections included in the company’s Annual Report on Form 10-K for more information. Although the company may from time to time voluntarily update its prior forward looking statements, it disclaims any commitment to do so except as required by securities laws.

CONTACT: Marlis E. Smith, Jr.
         Chief Executive Officer
         or
         Alford B. Neely
         Chief Financial Officer
         303-297-2200
         Website:  www.credopetroleum.com

Body Central (BODY) Reports Comparable Store Sales Increase of 15%

JACKSONVILLE, Fla., Jan. 10, 2011 (GLOBE NEWSWIRE) — Body Central Corp. (Nasdaq:BODY) today announced that the Company is raising its guidance for the fourth quarter of fiscal 2010 ended January 1, 2011.

Net revenue for the fourth quarter of fiscal 2010 increased 26% to $67.2 million compared to $53.2 million for the fourth quarter of last year. Comparable store sales increased 15% for the fourth quarter of 2010 versus the Company’s previous guidance of a mid single-digit increase. The Company’s comparable store sales increased 7% in the fourth quarter of 2009.

Due to the stronger than anticipated net revenue for the fourth quarter of fiscal 2010, the Company now expects diluted earnings per share to be in the range of $0.17 to $0.18 compared to its previous guidance range for diluted earnings per share of $0.12 to $0.14. The Company now expects net income to be between $2.6 million and $2.8 million for the fourth quarter of fiscal 2010. This compares to the Company’s previous guidance of net income between $1.9 million and $2.2 million. For the fourth quarter of fiscal 2009, the Company reported net income of $1.5 million.

Excluding the non-recurring portion of public company and IPO expenses, estimated to be $1.2 million, as well as one-time costs related to the early repayment of debt of $793,000, diluted earnings per share for the fourth quarter of fiscal 2010 are expected to be in the range of $0.25 to $0.26 and net income is expected to range between $3.9 million and $4.1 million.

Allen Weinstein, Body Central’s President and Chief Executive Officer, stated: “Our solid fourth quarter comparable store sales results were driven by our continued focus on providing on-trend fashion at value prices. In addition, our new stores continue to perform well. Based on the strong sales results, we were able to accelerate investment in our stores more than we had previously budgeted. We believe we have the right initiatives in place to achieve our long-term financial goals and to drive increased shareholder value.”

As a reminder, the Company will be presenting at the 13th Annual ICR XChange Conference to be held at the St. Regis Monarch Beach Resort & Spa in Dana Point, California Wednesday, January 12, 2011 at 9:40 am Pacific Standard Time. Allen Weinstein, President and Chief Executive Officer and Rick Walters, Chief Financial Officer, will host the presentation.

The audio portion of the presentation will be webcast live at www.bodyc.com under the Investors section. An archived replay will be available two hours after the conclusion of the live event.

About Body Central Corp.

Founded in 1972, Body Central Corp. is a growing, multi-channel, specialty retailer offering on-trend, quality apparel and accessories at value prices. As of January 1, 2011, the Company operated 209 specialty apparel stores in 23 states under the Body Central and Body Shop banners, as well as a direct business comprised of a Body Central catalog and an e-commerce website at www.bodyc.com. The Company targets women in their late teens and twenties from diverse cultural backgrounds who seek the latest fashions and a flattering fit. Stores feature an assortment of tops, dresses, bottoms, jewelry, accessories and shoes sold primarily under the Company’s exclusive Body Central® and Lipstick® labels.

Safe Harbor Language

Certain statements in this release are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “guidance,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding delivery of trend-right merchandise, the performance of (new) stores and delivery of sales and profitability, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are (1) our ability to identify and respond to new and changing fashion trends, customer preferences and other related factors; (2) failure to execute successfully our growth strategy; (3) changes in consumer spending and general economic conditions; (4) changes in the competitive environment in our industry and the markets we serve, including increased competition from other retailers; (5) failure of our new stores or existing stores to achieve sales and operating levels consistent with our expectations; (6) the success of the malls and shopping centers in which our stores are located; (7) our dependence on a strong brand image; (8) failure of our direct business to grow consistent with our growth strategy; (9) failure of our information technology systems to support our business; (10) disruptions to our information systems in the ordinary course or as a result of systems upgrades; (11) our dependence upon key executive management or our inability to hire or retain additional personnel; (12) disruptions in our supply chain and distribution facility; (13) our indebtedness and lease obligations including restrictions imposed on our current and future operations by such obligations; (14) our reliance upon independent third-party transportation providers for all of our product shipments; (15) hurricanes, natural disasters, unusually adverse weather conditions, boycotts and unanticipated events; (16) the seasonality of our business; (17) increases in costs of fuel, or other energy, transportation or utilities costs and in the costs of labor and employment; (18) the impact of governmental laws and regulations and the outcomes of legal proceedings; (19) our failure to maintain effective internal controls; and (20) our inability to protect our trademarks or other intellectual property rights.

Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our Registration Statement on Form S-1 (File No. 333-168014), as amended, quarterly reports on Form 10-Q, and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

CONTACT: Investor Relations inquiries:
         ICR, Inc.
         Joseph Teklits/Jean Fontana
         203-682-8200
         www.icrinc.com

Interactive Intelligence (ININ) Announces Preliminary 2010 Fourth Quarter and Fiscal Year Results

Jan. 10, 2011 (Business Wire) — Interactive Intelligence (Nasdaq: ININ), a global provider of unified IP business communications solutions, has announced preliminary results for its fourth quarter and fiscal year ended Dec. 31, 2010.

For the fourth quarter of 2010, the company expects to report total revenues of between $49.0 million and $51.0 million, compared to $35.9 million in the same quarter last year. Results for the fourth quarter of 2010 include revenues of $1.4 million for the Latitude Software subsidiary, which was acquired in October.

For the fourth quarter of 2010, GAAP net income is expected to be between $4.5 million and $5.3 million, with diluted earnings per share (EPS) of $0.23 to $0.27. Net income on a non-GAAP* basis is expected to be between $9.3 million and $10.1 million, with EPS of $0.48 to $0.52.

For the fourth quarter of 2009, the company reported GAAP net income and EPS of $2.5 million and $0.14, respectively, and non-GAAP net income and EPS of $5.1 million and $0.27, respectively.

Preliminary 2010 fourth quarter non-GAAP net income and EPS exclude the following: (i) stock-based compensation expense of approximately $1.0 million, or EPS of $0.05; (ii) purchase-related adjustments to revenue and amortization of intangibles of approximately $400,000, or $0.02 per share; and (iii) non-cash income tax expense of approximately $3.1 million to $3.5 million, or EPS of $0.16 to $0.18.

The 2009 fourth quarter non-GAAP net income and EPS exclude stock-based compensation expense of $775,000, or EPS of $0.04, and non-cash income tax expense of $1.8 million, or EPS of $0.09.

“The fourth quarter has traditionally been our strongest quarter each year,” said Interactive Intelligence founder and CEO, Dr. Donald E. Brown. “That was true for 2010 as well. A number of significant product orders resulted in an outstanding performance for the quarter, including five orders over $1 million and another 25 orders over $250,000.”

Revenues for the year ended Dec. 31, 2010 are expected to be between $164.7 million and $166.7 million, compared to $131.4 million for the 2009 fiscal year.

For 2010, net income on a GAAP basis is expected to be between $12.3 million and $13.1 million, with EPS of $0.65 to $0.69. For 2010, net income on a non-GAAP basis is expected to be between $25.3 million and $26.1 million, with EPS from $1.34 to $1.38.

For 2009, the company reported GAAP net income and EPS of $8.6 million and $0.47, respectively, and non-GAAP net income and EPS of $18.0 million and $0.99, respectively.

Preliminary 2010 non-GAAP net income and EPS exclude the following: (i) stock-based compensation expense of approximately $4.0 million, or EPS of $0.21; (ii) purchase-related adjustments to revenue and amortization of intangibles of approximately $500,000, or $0.03 per share; and (iii) non-cash income tax expense of approximately $7.9 million to $8.3 million, or EPS of $0.42 to $0.44.

The 2009 non-GAAP net income and EPS exclude stock-based compensation expense of $3.3 million, or EPS of $0.18, and non-cash income tax expense of $6.0 million, or EPS of $0.34.

Cash and investments as of Dec. 31, 2010 are expected to exceed $86 million. During the fourth quarter of 2010, stock option proceeds generated $4.5 million of cash, operations generated more than $10 million of cash, and the company used $15.3 million in the quarter to acquire Latitude Software.

“Based on these preliminary results, our current outlook for 2011 includes annual revenue of at least $200 million, which is growth of more than 20 percent from 2010,” Dr. Brown said. “We will continue to invest in our cloud-based infrastructure, research and development, and sales and marketing, in order to further capitalize on the momentum that we have built. We currently anticipate non-GAAP operating earnings, which exclude stock option expense and purchase accounting adjustments, of approximately 14 percent of revenues.”

The company has not completed preparation of its audited financial statements for the year ended Dec. 31, 2010. These preliminary results may be subject to adjustments and could change materially.

Interactive Intelligence plans to issue its final 2010 fourth quarter and year-end fiscal results Jan. 28 at 7 a.m. Eastern Standard Time. It will host a conference call Jan. 28 at 8:30 a.m. EST featuring Dr. Brown and the company’s CFO, Stephen R. Head. A live Q&A session will follow opening remarks.

To access the teleconference, please dial 1.877.324.1969 at least five minutes prior to the start of the call. Ask for the teleconference by the following name: “Interactive Intelligence fourth quarter earnings call.”

The teleconference will also be broadcast live on the company’s investor relations’ page at http://investors.inin.com. An archive of the teleconference will be posted following the call.

About Interactive Intelligence

Interactive Intelligence Inc. (Nasdaq: ININ) is a global provider of unified business communications solutions for contact center automation, enterprise IP telephony, and business process automation. The company was founded in 1994 and has more than 3,500 customers worldwide. Interactive Intelligence is among Software Magazine’s 2010 Top 500 Global Software and Services Suppliers, and Forbes Magazine’s 2010 Best Small Companies in America. The company is also positioned in the leaders’ quadrant of the Gartner Magic Quadrant for Contact Center Infrastructure, Worldwide report (Feb. 22, 2010). Interactive Intelligence employs approximately 800 people and is headquartered in Indianapolis, Indiana. It has 16 offices throughout North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Interactive Intelligence can be reached at +1 317.872.3000 or info@inin.com; on the Net: www.inin.com.

* Non-GAAP Measures

The non-GAAP measures shown in this release include revenue which was not recognized on a GAAP basis due to purchase accounting adjustments and exclude non-cash stock-based compensation expense for stock options, the amortization of certain intangible assets related to acquisitions by the company and non-cash income tax expense. These measures are not in accordance with, or an alternative for, GAAP and may be different from non-GAAP measures used by other companies. Stock-based compensation expense and amortization of intangibles related to acquisitions are non-cash and income tax expense is primarily non-cash. Management believes that the presentation of non-GAAP results, when shown in conjunction with corresponding GAAP measures, provides useful information to management and investors regarding financial and business trends related to the company’s results of operations. Further, management believes that these non-GAAP measures improve management’s and investors’ ability to compare the company’s financial performance with other companies in the technology industry. Because stock-based compensation expense, non-cash income tax expense amounts and amortization of intangibles related to acquisitions can vary significantly between companies, it is useful to compare results excluding these amounts. Management also uses financial statements that exclude stock-based compensation expense related to stock options, non-cash income tax amounts and amortization of intangibles related to acquisitions for its internal budgets.

This release contains certain forward-looking statements that involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: rapid technological changes in the industry; the company’s ability to maintain profitability; to manage successfully its growth; to manage successfully its increasingly complex third-party relationships resulting from the software and hardware components being licensed or sold with its solutions; to maintain successful relationships with certain suppliers which may be impacted by the competition in the technology industry; to maintain successful relationships with its current and any new partners; to maintain and improve its current products; to develop new products; to protect its proprietary rights adequately; to successfully integrate acquired businesses; and other factors described in the company’s SEC filings, including the company’s latest annual report on Form 10-K.

Interactive Intelligence Inc. is the owner of the marks INTERACTIVE INTELLIGENCE, its associated LOGO and numerous other marks. All other trademarks mentioned in this document are the property of their respective owners.

ININ-G

Interactive Intelligence Inc.

Stephen R. Head, +1 317-715-8412

Chief Financial Officer

steve.head@inin.com

or

Interactive Intelligence Inc.

Christine Holley, +1 317-715-8220

Director, Market Communications

christine.holley@inin.com

or

Follow Interactive Intelligence:

Twitter: www.twitter.com/IN_Intelligence

Blog: www.inin.com/blog