Tesla (TSLA) Opens Showroom in Copenhagen

Jun. 29, 2010 (Business Wire) — Electric vehicle manufacturer Tesla Motors will open its newest showroom this week in Denmark’s largest city.

Tesla’s 13th worldwide store is at Bredgade 35, in the heart of Copenhagen, recognized internationally as one of the world’s most environmentally friendly places. Copenhagen, which hosted the most recent UN Conference on Climate Change, generates a growing percentage of its grid’s energy from the famous offshore wind farm at Middelgrunden. The city is working to reduce CO2 emissions by 20 percent by 2015.

“People in Denmark believe in social responsibility, and the Tesla Roadster is the only electric vehicle that combines a world-class sports car with their values of environmental stewardship,” said Cristiano Carlutti, Tesla’s Vice President for European Sales and Operations. “We are thrilled that customers in Denmark and throughout Scandinavia have embraced not only the Roadster but the core business philosophy of Tesla Motors.”

The US Ambassador to Denmark, Laurie S. Fulton, will kick off festivities at 2 p.m. July 1. Tesla is hosting a media open house from 2 p.m. to 5 p.m., including test drives, executive interviews and surprise guests. An invitation-only VIP gala will follow in the evening, and the store will be open for prospective customers to test-drive the Roadster throughout the weekend.

The zero-emission Roadster does not pay traditional vehicle taxes in Denmark. By contrast, people who buy conventional petroleum-burning cars pay up to 180 percent car tax on top of the manufacturers’ sales price. Tax waivers combined with expensive gasoline prices mean that the Tesla Roadster is a tremendous value relative to comparable cars in Denmark.

Tesla’s founding goal is to produce energy-efficient cars for mass-market, mainstream consumers. Tesla deliberately started with the Roadster, a premium sports car aimed at affluent “thought leaders,” in order to establish a proof of technology and shatter the prevailing stereotype that electric cars are underpowered and unfashionable. Based in California’s Silicon Valley, Tesla has already delivered more than 1,000 cars in at least 25 countries, and has forged strategic alliances with Daimler and Toyota to produce zero-emission cars.

The Roadster accelerates faster than other sports car in its price class yet has zero tailpipe emissions. It consumes no petroleum and plugs into conventional sockets – at owners’ garages or offices, hotels, parking decks or at a growing number of charging stations throughout Scandinavia. It’s the only sports car that can be fully or partially recharged by renewable energy – and several regional customers charge on 100 percent solar power from their photovoltaic panels or wind power from turbines.

About Tesla

Tesla has already delivered more than 1,000 zero-emission cars in at least 25 countries. With a relentless focus on customer service, Tesla sells cars directly to clients, both online and at four showrooms in Europe: Zurich, Munich, Monaco and London, and in Copenhagen starting July 1. Tesla has eight additional showrooms in North America.

Eastern Bank Corp. (WAIN) Announces Agreement to Acquire Wainwright Bank & Trust Company

BOSTON, June 29 /PRNewswire-FirstCall/ — Eastern Bank Corporation signed a definitive agreement to acquire Wainwright Bank & Trust Company (Nasdaq: WAIN) in an all-cash transaction valued at approximately $163 million, the banks announced today.

Under the terms of the transaction, shareholders of Wainwright Bank & Trust Company will be entitled to receive $19.00 in cash in exchange for each share of Wainwright Bank & Trust Company common stock and common stock equivalents outstanding.

The merger will combine two banks focused on serving their communities, while providing enhanced convenience for customers of both organizations.  The combined organization will have more than 90 retail banking offices serving people and businesses across eastern Massachusetts, including 22 offices in the Boston metro area.

“It is a pleasure to join forces with an organization that is an acknowledged leader in many social justice issues, including development of affordable housing, support of community health centers, and leadership in improving the environment and protecting the rights of all,” said Richard E. Holbrook, chairman and CEO of Eastern Bank.  “By combining our two organizations, we will broaden our horizons and do even more to make our communities a better place to work and live, while providing our customers with top-notch banking, investment and insurance services. I cannot think of a more appropriate partnership than this one combining a 192-year-old mutual company with the banking industry’s leader on socially progressive issues.”

At March 31, 2010, Eastern Bank Corporation’s consolidated assets were approximately $6.6 billion and Wainwright Bank & Trust Company had assets of approximately $1.0 billion.  At March 31, 2010, Wainwright Bank & Trust Company and Eastern Bank were both considered well-capitalized under applicable regulatory capital guidelines, and Eastern Bank will be well-capitalized under such standards upon completion of the transaction.

The completion of the merger is subject to certain customary conditions, including the approval of the shareholders of Wainwright Bank & Trust Company and the receipt of regulatory approvals. Completion of the merger is expected to occur in the fourth quarter of calendar year 2010.  It is expected that Wainwright Bank & Trust Company will remain as a separate subsidiary of Eastern Bank Corporation for a transition period before it is merged into Eastern Bank.

Jan A. Miller, President and CEO of Wainwright Bank & Trust Company, stated, “The merger combines two banks with strong traditions of commitment to our customers, employees and the communities we serve.  We are pleased that Eastern will maintain and continue to build upon Wainwright’s community development lending initiatives and deep commitment to issues of social justice.”

Annually Eastern Bank Corporation has donated an average in excess of 10 percent of its net income to charity, totaling more than $50 million in the past decade. These funds are managed by the Eastern Bank Charitable Foundation, which in turn will donate about $2.3 million to not-for-profits across eastern Massachusetts in 2010, continuing its tradition of giving back to the communities it serves. After the merger, Eastern Bank intends to continue to present the Wainwright Social Justice Award that has been a hallmark of Wainwright’s commitment to the community.

In April, Eastern Bank earned “Highest Customer Satisfaction in Retail Banking in the New England Region” for the J.D. Power and Associates 2010 Retail Banking Satisfaction Study^SM.*  In December, Eastern Bank was named one of the top 10 businesses of the decade by the Boston Business Journal.   And both banks were among The Boston Globe’s “Top 100 Places to Work” in 2009.

Upon closing, Robert A. Glassman and John M. Plukas, Co-founders and current Co-chairmen of Wainwright Bank & Trust Company, are expected to join the board of directors of Eastern Bank Corporation and Eastern Bank.  Jan A. Miller, President and Chief Executive Officer of Wainwright Bank & Trust Company, will become President of Eastern Bank Corporation and Executive Vice President of Eastern Bank.

RBC Capital Markets acted as financial advisor to Eastern Bank Corporation, and Sandler O’Neill + Partners, L.P. acted as financial advisor to Wainwright Bank & Trust Company and rendered a fairness opinion to the Board of Directors of Wainwright Bank & Trust Company in conjunction with this transaction.  Nutter McClennen & Fish LLP served as legal counsel to Eastern Bank Corporation and Kilpatrick Stockton LLP served as legal counsel to Wainwright Bank & Trust Company.

About Eastern Bank Corporation

Founded in 1818 and based in Boston, Eastern Bank is the largest independent and mutually owned bank in New England, with almost $7.0 billion in assets and more than 80 branches serving communities from the Merrimack Valley to Cape Cod.  Eastern Bank offers banking, investments and insurance all under one roof, and prides itself on working harder to understand its customers’ needs so it can deliver these services in a committed and personal way.  Eastern Bank includes Eastern Wealth Management, Eastern Insurance and Fantini & Gorga, a real estate advisory firm. For more information, visit www.easternbank.com.

* Eastern Bank received the highest numerical score among retail banks in the New England region in the proprietary J.D. Power and Associates 2010 Retail Banking Satisfaction Study^SM. Study based on 47,673 total responses measuring 9 providers in the New England region (CT, MA, ME, NH, RI, VT) and measures opinions of consumers with their primary banking provider.  Proprietary study results are based on experiences and perceptions of consumers surveyed in January 2010.  Your experiences may vary.  For more information, visit www.jdpower.com.

About Wainwright Bank & Trust Company

Wainwright Bank & Trust Company was founded in 1987.  With $1 billion in assets and 12 branches serving Greater Boston, Wainwright Bank is widely recognized as the country’s leading socially progressive bank. It has committed over $800 million in loans to socially responsible development projects including affordable housing, environmental protection, HIV/AIDS services, homeless shelters, immigration services and more. The Bank was named the “ultimate high-purpose company” in a recently published book by award-winning author, Christine Arena, entitled “The High-Purpose Company: The Truly Responsible (and Highly Profitable) Firms That Are Changing Business Now”. With Boston branches in the Financial District, Back Bay/South End, Jamaica Plain, Dorchester, Cambridge branches within Harvard Square, Kendall Square, Central Square and the Fresh Pond Mall, its Watertown, Somerville, Newton, and Brookline branches, Wainwright is strategically positioned to provide consumer and commercial mortgages, loans, and deposit services to individuals, families, businesses, and non-profit organizations.

This Press Release contains statements relating to future results of Eastern Bank and Wainwright Bank & Trust Company (including certain projections and business trends) that are considered “forward-looking statements” as defined in the Private Securities Legislation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in political and economic conditions, interest rate fluctuations, competitive product and pricing pressures within the  market of the parties, bond market fluctuations, personal and corporate customers’ bankruptcies, and inflation, as well as other risks and uncertainties.

PolyMet (PLM) EIS-Path Forward to Completion Announced

--  Define and analyze a specific project alternative as it is expected to
be built
--  Fully incorporate the proposed land exchange with the USFS into a
consolidated EIS process
--  Reflect applicable comments received on the Draft EIS from the public
and government agencies including appropriate recommendations from EPA
--  Integrate key project improvements, modifications, alternatives, and
mitigation measures to minimize environmental impacts

Cheniere Partners and Cheniere Energy, Inc. (CQP) Agree to Restructure Cheniere Marketing TUA Arrangements

HOUSTON, June 28 /PRNewswire-FirstCall/ — Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE Amex: CQP) announced today that its direct subsidiary, Cheniere Energy Investments, LLC (“Investments”), has accepted the assignment of the existing terminal use agreement (“TUA”) with Sabine Pass LNG, L.P. (“Sabine”) from Cheniere Marketing, LLC (“Marketing”), a subsidiary of Cheniere Energy, Inc. and concurrently entered into a Variable Capacity Rights Agreement (“VCRA”) with Marketing.  The TUA provides 2.0 Bcf/d of sendout capacity and 6.9 Bcfe of storage capacity at the Sabine Pass LNG receiving terminal.

Investments will assume the TUA effective July 1, 2010.  Under the terms of the new VCRA, Marketing will have the right to utilize the services and other rights at the Sabine Pass LNG receiving terminal available under the TUA assigned to Investments and to commercialize these rights on Investments’ behalf.  In consideration of these rights, Marketing will pay Investments a fee for each cargo delivered to the Sabine Pass facility equal to eighty percent of the expected positive gross margin to be received with respect to each cargo.  These transactions do not impact the previously announced arrangement between Marketing and JPMorgan LNG Co. or any existing agreements with other counterparties.

Subsequent to the assignment of the TUA, distributions on subordinated units will only be made to the extent Cheniere Partners generates distributable cash flows above the initial quarterly distribution requirement for its common unitholders and general partner.  Such distributable cash flows could be generated through new business development or fees received from Cheniere Marketing under the VCRA.  Prior to these transactions, Cheniere Partners had been using cash paid under the Marketing TUA to make distributions on the subordinated units.  Consequently, the ending of the subordination period and the conversion of subordinated units into common units will depend upon future business development and is no longer expected to occur as early as the second quarter of 2012 as previously estimated.

This transaction is not expected to impact the ability of Cheniere Partners to pay the initial quarterly distribution to its common unitholders and general partner.  In order to provide additional distribution coverage, Cheniere Partners and Cheniere have agreed to amend the payment terms of the management services agreement under which a Cheniere subsidiary provides certain management, accounting and other related services to Cheniere Partners, which will subordinate the payment of the services fees to the distributions to the common unitholders and general partner.

Cheniere Partners owns 100 percent of the Sabine Pass LNG receiving terminal located in western Cameron Parish, Louisiana on the Sabine Pass Channel. Construction is complete and the terminal is now operating with sendout capacity of 4.0 Bcf/d and storage capacity of 16.9 Bcfe.  Additional information about Cheniere Energy Partners, L.P. may be found on its website: http://www.cheniereenergypartners.com/.

For additional information, please refer to the Cheniere Energy Partners, L.P. Annual Report on Form 10-K for the year ended December 31, 2009, filed with the Securities and Exchange Commission.

This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere Energy Partners’ business strategy, plans and objectives and (ii) statements expressing beliefs and expectations regarding the development of Cheniere Energy Partners’ LNG receiving terminal business. Although Cheniere Energy Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Energy Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Energy Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Energy Partners does not assume a duty to update these forward-looking statements.

ZAGG (ZAGG) to Introduce invisibleSHIELD Dry(TM) Nationwide Exclusively Through AT&T

Jun. 28, 2010 (Business Wire) — ZAGG Inc. (NASDAQ: ZAGG) (www.ZAGG.com), a leading producer of electronics accessories for protecting and enhancing the mobile experience, including the popular invisibleSHIELD™, ZAGGbuds™, and ZAGGsparq™ brands, announced today that AT&T will be the first to offer the new invisibleSHIELD Dry™. ZAGG’s new invisibleSHIELD Dry is available exclusively at AT&T stores nationwide.

“We are thrilled to offer invisibleSHIELD Dry to AT&T customers and provide them with our world-class scratch protection and electronics accessories,” said Robert G. Pedersen II, CEO and co-founder of ZAGG.

The invisibleSHIELD is a military-grade, virtually invisible, and indestructible film that protects thousands of gadgets from bumps, scratches, and dings with a lifetime guarantee. The invisibleSHIELD Dry™ is the next generation of ZAGG’s flagship product, and takes their original, award-winning scratch protection to a new level with the same protection in a dry-installed film.

“We look forward to bringing ZAGG’s invisibleSHIELD Dry technology to our customers,” said Michael Cowan, Accessories Business Director for AT&T.

“ZAGG has been developing and perfecting the invisibleSHIELD Dry over the past year, and we are very excited to introduce it,” said Derek Smith, Vice President of Sales for ZAGG. “Made from the same amazing material, the invisibleSHIELD Dry installs without moisture, filling a demand currently unmet in the marketplace.”

The invisibleSHIELD Dry is available in AT&T stores nationwide. For more information about ZAGG or any of their products, please visit ZAGG.com.

About ZAGG Inc.:

ZAGG is dedicated to protecting and enhancing the mobile experience. ZAGG designs, manufactures, and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide, under the brand names invisibleSHIELD™, ZAGGbuds™, and ZAGGsparq™. ZAGG has also introduced appSpace, a powerful recommendation engine for the fast-growing mobile app market, combined with the networking power of social media. The invisibleSHIELD is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD application of clear protective film covering a device is the first scratch protection solution of its kind on the market, and has sold millions of units. Currently, ZAGG offers over 4,000 precision pre-cut designs with a lifetime replacement warranty through ZAGG.com, major retailers like Best Buy, Radio Shack, and Cricket, resellers, college bookstores, Mac stores, mall kiosks, and other online retailers. The company continues to increase its product lines to offer additional electronic accessories and services to its tech-savvy customer base, including upcoming technologies like ZAGGbox(TM), introduced at CES 2010, and HzO(TM), a breakthrough gadget waterproofing technology. For more product or investor information please visit the company’s web site at www.ZAGG.com.

Safe Harbor Statement:

This release contains “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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in filings made by the company with the Securities and Exchange Commission.

Orexigen(R) Therapeutics (OREX) Announces That Contrave(R) Reduced Depression Scores and Body Weight

ORLANDO, Fla., June 26 /PRNewswire-FirstCall/ — Orexigen® Therapeutics, Inc. (Nasdaq: OREX) today announced results from a 24-week open-label study demonstrating that treatment with Contrave® resulted in significant improvements in depressive symptoms that was accompanied by weight loss and improved control of eating in overweight and obese patients with major depression.

The primary endpoint of the study was the change from baseline in the Montgomery-Asberg Depression Rating Scale (MADRS) at 12 weeks on an intent-to-treat (ITT) basis.  Treatment with Contrave32 (32mg naltrexone sustained release (SR)/360mg bupropion SR) resulted in the MADRS score decreasing from an average of 23.7 at baseline (consistent with moderate depression) to 10.5 (mild depression) (p<0.001) at week 12 and further decreasing to 8.4 (remission) at week 24 (p<0.001).  Patients who completed the study lost an average of 9.2% of total body weight and reported substantial reductions in hunger, strength and frequency of food cravings and demonstrated improved control of eating.

“Recent reports in the literature show that the risk of depression is higher in obese people and, at the same time, depression has been associated with increased obesity.  In addition, obese women are more than twice as likely to be depressed as non-obese women.  In this context, clinicians are in need of new tools to treat obese patients suffering from this common co-morbidity,” said Dr. Susan McElroy, M.D., Lindner Center of HOPE, Mason, Ohio.  “This study is the first step in assessing the value of Contrave in this important patient population and these positive results should encourage additional investigation.”

In this study, the most common adverse events were nausea, constipation, headache and insomnia, and, in general, were consistent with past experience in the COR program.  There were no serious adverse events reported by the investigator as related or possibly related to Contrave in the trial.

About Contrave

Contrave is an investigational combination therapy believed to address both physiological and behavioral drivers of obesity. The two components of this combination therapy act in a complementary manner in the central nervous system. The central pathways targeted by this treatment are involved in controlling the balance of food intake and metabolism, and regulating reward-based eating behavior.  In clinical trials, Contrave was shown to help obese patients initiate and sustain significant weight loss, improve important markers of cardiometabolic risk and increase ability to control eating.

The U.S. Food and Drug Administration (FDA) has tentatively scheduled a Division of Metabolic and Endocrine Drug Products Advisory Committee meeting on December 7, 2010 and the Prescription Drug User Fee Act (PDUFA) action date has been set for January 31, 2011.

About the Contrave Clinical Development Program

All four trials in the COR Phase 3 program (COR-I, COR-II, COR-BMOD and COR-Diabetes) were randomized, double-blind, placebo-controlled trials. The co-primary endpoints were the proportion of patients achieving at least 5% weight loss and percent change in body weight compared to placebo. Secondary endpoints included multiple measures of cardiometabolic risk, quality of life, control of eating, and glycemic control.  Contrave was generally well tolerated.  The safety and tolerability profile of Contrave in the clinical development program was consistent with the safety profile of the constituent components, which have been in use for other indications for over 20 years.  The most frequent treatment-emergent adverse events in patients treated with Contrave were nausea, constipation, headache, vomiting and dizziness.  These were mostly mild to moderate in severity, transient, and typically occurred during the first weeks of treatment.  Most common adverse events leading to discontinuation with Contrave were nausea, headache, dizziness and vomiting.  Treatment with Contrave was not associated with increases in adverse event reports of depression or suicidal ideation compared to placebo.  Mean blood pressure with Contrave was generally unchanged from baseline to endpoint.  Placebo patients experienced decreases in blood pressure from baseline to endpoint of approximately 2mmHg.  Greater weight loss correlated with greater reductions in blood pressure in both Contrave and placebo patients, suggesting that the expected relationship between weight loss and blood pressure was maintained.  Importantly, normal circadian blood pressure patterns were preserved with Contrave.  There was an increase in pulse of about one beat per minute in patients taking Contrave.  Serious events were reported infrequently and included events of cholecystitis (Contrave 0.2%, PBO <0.1%), seizure (<0.1%, 0%) and major cardiovascular events (<0.1%, <0.1%).

About Orexigen Therapeutics

Orexigen Therapeutics, Inc. is a biopharmaceutical company focused on the treatment of obesity.  Further information about the Company can be found at www.orexigen.com.

Forward-Looking Statements

Orexigen cautions you that statements included in this press release that are not a description of historical facts are forward-looking statements. Words such as “believes,” “anticipates,” “plans,” “expects,” “indicates,” “will,” “intends,” “potential,” “suggests,” “assuming,” “designed” and similar expressions are intended to identify forward-looking statements. These statements are based on the Company’s current beliefs and expectations. These forward-looking statements include statements regarding the potential for, and timing of, approval for Contrave and the Company’s belief that this product candidate may be an important therapeutic option in the treatment of obesity. The inclusion of forward-looking statements should not be regarded as a representation by Orexigen that any of its plans will be achieved. Actual results may differ from those set forth in this release due to the risk and uncertainties inherent in the Orexigen business, including, without limitation: the uncertainty of the FDA approval process and other regulatory requirements; the therapeutic and commercial value of Contrave; reliance on third parties to assist with the development of Contrave; the potential for adverse safety findings relating to Contrave; and other risks described in the Company’s filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and Orexigen undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. Further information regarding these and other risks is included under the heading “Risk Factors” in the Company’s Quarterly Report on Form 10-Q, which was filed with the Securities Exchange Commission on May 10, 2010 and is available from the SEC’s website (www.sec.gov) and on our website (www.orexigen.com) under the heading “Investor Relations”. All forward-looking statements are qualified in their entirety by this cautionary statement. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.

Oxygen Biotherapeutics (OXBT) Set to Join Russell Microcap Index

DURHAM, N.C., June 25, 2010 (GLOBE NEWSWIRE) — Oxygen Biotherapeutics, Inc. (Nasdaq:OXBT – News) is set to join the Russell Microcap Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes today. Oxygen Biotherapeutics was named on a preliminary list of additions posted on http://www.russell.com/. Oxygen Biotherapeutics is engaged in the business of developing proprietary products that deliver oxygen to tissues in the body.

According to Russell Investments, the Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. It makes up less than 3% of the U.S. equity market. It includes 1,000 of the smallest securities in the small-cap Russell 2000(R) Index based on a combination of their market cap and current index membership and it includes the next 1,000 securities. The Russell Microcap Index is constructed to provide a comprehensive and unbiased barometer for the microcap segment trading on national exchanges, while excluding lesser-regulated OTC bulletin board securities and pink-sheet stocks due to their failure to meet national exchange listing requirements. The Russell Microcap Index is completely reconstituted annually to ensure larger stocks do not distort performance and characteristics of the true microcap opportunity set. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Total returns data for the Russell Microcap Index and other Russell Indexes is available at http://www.russell.com/Indexes/performance/default.asp.

“Inclusion in the Russell Microcap Index is an important achievement for our company. It is a valuable component for increasing awareness of our progress and achievements among a wide range of investors,” said Chairman and Chief Executive Officer Chris Stern.

About Russell Investments

Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries. Russell launched its family of indexes in 1984 to more accurately measure U.S. market segments and better track investment manager behavior for its investment management and consulting businesses. For more information, visit http://www.russell.com/.

About Oxygen Biotherapeutics, Inc.

Oxygen Biotherapeutics, Inc. is developing medical and cosmetic products that efficiently deliver oxygen to tissues in the body. The company has developed a proprietary perfluorocarbon (PFC) therapeutic oxygen carrier and liquid ventilation product called Oxycyte(R) that is being formulated for both intravenous and topical delivery. In April, the company launched its first cosmetic product, Dermacyte(R) Oxygen Concentrate. In addition, the company is focused on perfluorocarbon-based oxygen carriers for use in traumatic brain injury, decompression sickness, personal care, and topical wound healing. More information is available at http://www.oxybiomed.com/ or http://www.buydermacyte.com/.

The Oxygen Biotherapeutics, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7277

Caution Regarding Forward-Looking Statements

This news release contains certain forward-looking statements by the company that involve risks and uncertainties and reflect the company’s judgment as of the date of this release. These statements include the expansion of development of the Oxycyte product line and the timing of the introduction of those new products. The forward-looking statements are subject to a number of risks and uncertainties including matters beyond the company’s control that could lead to delays in new product introductions and customer acceptance of these new products, and other risks and uncertainties as described in our filings with the Securities and Exchange Commission, including in the current report on Form 8-K filed on May 4, 2010. The company disclaims any intent or obligation to update these forward-looking statements beyond the date of this release. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

PolyMet (PLM) EIS-Path Forward to Completion Announced

HOYT LAKES, MINNESOTA–(Marketwire – 06/25/10) – PolyMet Mining Corp. (TSX:POM – News)(AMEX:PLM – News) (“PolyMet” or the “Company”) announced today that the state and federal government agencies responsible for the Environmental Impact Statement (EIS) reviewing PolyMet’s copper-nickel-precious metals project will complete the EIS process by preparing a supplemental draft EIS that incorporates the proposed US Forest Service (USFS) land exchange and expands government agency cooperation.

The USFS will join the US Army Corps of Engineers (USACE) as a federal co-lead agency through the completion of the EIS process. In addition, the U.S. Environmental Protection Agency (EPA) will join the effort as a cooperating agency. The Minnesota Department of Natural Resources (DNR) remains the state co-lead agency.

The supplemental draft EIS will:

 

--  Define and analyze a specific project alternative as it is expected to
    be built
--  Fully incorporate the proposed land exchange with the USFS into a
    consolidated EIS process
--  Reflect applicable comments received on the Draft EIS from the public
    and government agencies including appropriate recommendations from EPA
--  Integrate key project improvements, modifications, alternatives, and
    mitigation measures to minimize environmental impacts

LaTisha Gietzen, Vice President of Public, Government and Environmental Affairs, stated: “We are pleased the US Forest Service and the EPA are more formally involved in the EIS process. The agencies are actively engaged in planning an effective and efficient path forward to completion of environmental review.”

Background

The PolyMet project comprises the Erie Plant and the nearby NorthMet copper-nickel-precious metals ore-body, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.

PolyMet began the environmental review process in 2004. The analysis is contained in more than 100 technical studies totaling approximately 14,000 pages that were the basis for the draft EIS. The milestones achieved to date are shown in the diagram below.

To view diagram please click on the following link: http://media3.marketwire.com/docs/Diagram1.pdf

In November 2009 the DNR and the USACE published the draft EIS reviewing PolyMet’s project, followed by a 90-day public comment period. The agencies received more than 3,700 separate submissions, including comments by the EPA and other government agencies. At the same time as the draft EIS was being prepared and was on public notice, PolyMet was working on a land exchange with the USFS, which holds certain surface rights at the NorthMet mine site.

The supplemental draft EIS will build upon the existing draft EIS by incorporating appropriate comments received on the draft EIS, include project improvements and roll in the USFS land exchange. The following diagram illustrates how the environmental review process will move forward.

To view diagram please click on the following link: http://media3.marketwire.com/docs/Diagram2.pdf

PolyMet anticipates that the lead agencies will establish the timeline for publication of the supplemental draft EIS when they have agreed on all the details of the project. Once the supplemental draft EIS is completed, it will be made available for public review prior to preparation of the final EIS. Completion of the final EIS and a subsequent Adequacy Decision by the DNR and Record of Decision by the federal agencies are necessary before the land exchange can occur and various permits required to construct and operate the project can be issued.

Joe Scipioni, President and CEO of PolyMet, said: “The government agencies involved have put a great deal of effort into developing this plan that incorporates and consolidates the land exchange into the EIS process, considers the EPA’s recommendations, and strengthens the partnership among state and federal agencies. The supplemental draft EIS will streamline the process moving forward and provide clarity as to the specific project that we plan to build.”

He continued, “The supplemental draft EIS will describe a project that can be built in a way that not only creates the much-needed jobs but also protects our environment and natural resources.”

See DNR news release: http://news.dnr.state.mn.us/index.php/2010/06/24/supplemental-draft-eis-to-be-prepared-for-proposed-northmet-mining-project/#more-43684

USACE news release: http://www.mvp.usace.army.mil/regulatory/

About PolyMet

PolyMet Mining Corp. (http://www.polymetmining.com/) is a publicly-traded mine development company that controls 100% of the NorthMet copper-nickel-precious metals ore body through a long-term lease and owns 100% of the Erie Plant, a large processing facility located approximately six miles from the ore body in the established mining district of the Mesabi Range in northeastern Minnesota. PolyMet Mining Corp. has completed its Definitive Feasibility Study and is seeking environmental and operating permits to enable it to commence production. The NorthMet project is expected to require approximately one million man-hours of construction labor and create at least 400 long-term jobs, a level of activity that will have a significant multiplier effect in the local economy.

POLYMET MINING CORP.

Joe Scipioni, President

This news release contains certain forward-looking statements concerning anticipated developments in PolyMet’s operations in the future. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, “projects”, “plans”, and similar expressions, or statements that events, conditions or results “will”, “may”, “could”, or “should” occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding our beliefs related to the expected proceeds and closing of the registered direct offering, exploration results and budgets, reserve estimates, mineral resource estimates, work programs, capital expenditures, actions by government authorities, including changes in government regulation, the market price of natural resources, costs, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions. PolyMet’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations and opinions should change.

Specific reference is made to PolyMet’s most recent Annual Report on Form 20-F for the fiscal year ended January 31, 2010 and in our other filings with Canadian securities authorities and the Securities and Exchange Commission, including our Report on Form 6-K providing information with respect to our operations for the three months ended April 30, 2010 for a discussion of some of the risk factors and other considerations underlying forward-looking statements.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Netlist (NLST) Set to Join Russell Microcap(R) Index

IRVINE, Calif., June 25 /PRNewswire-FirstCall/ — Netlist, Inc. (Nasdaq:NLST – News), a designer and manufacturer of high-performance memory subsystems, today announced that it will join the Russell Microcap® Index when Russell Investments reconstitutes its family of U.S. indexes after the close of the U.S. markets today, according to a preliminary list of additions posted June 11 on http://www.russell.com/.

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.  Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Netlist Chief Executive Officer C.K. Hong said, “We are pleased to be included in the Russell Microcap Index.  The inclusion in this index increases our visibility in the investment community and will contribute to our efforts to increase shareholder value as we move to market our two emerging technology platforms, HyperCloud™ and NetVault™.”

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

Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap.  These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

Total returns data for the Russell Microcap and other Russell Indexes is available at http://www.russell.com/Indexes/performance/default.asp.

About Russell:

Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $179 billion in assets under management as of March 31 2010, and serves individual, institutional and advisor clients in more than 40 countries.  Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.

About Netlist:

Netlist, Inc. designs and manufactures high-performance, logic-based memory subsystems for the server and high-performance computing and communications markets.  The Company’s memory subsystems are developed for applications in which high-speed, high-capacity memory, enhanced functionality, small form factor, and heat dissipation are key requirements.  These applications include tower-servers, rack-mounted servers, blade servers, high-performance computing clusters, engineering workstations, and telecommunication equipment.  Netlist was founded in 2000 and is headquartered in Irvine, California with manufacturing facilities in Suzhou, People’s Republic of China.

Netlist is listed on the NASDAQ stock exchange under the ticker “NLST.”  More information can be found on the Company’s web site: http://www.netlist.com/.

Safe Harbor Statement

This news release contains forward-looking statements regarding future events and the future performance of Netlist. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expected or projected. These risks and uncertainties include, but are not limited to, continuing development, qualification and volume production of NetVault™ and HyperCloud™; the rapidly-changing nature of technology; risks associated with intellectual property, including the costs and unpredictability of litigation over infringement of our intellectual property; volatility in the pricing of DRAM ICs and NAND; changes in and uncertainty of customer acceptance of, and demand for, our existing products and products under development, including uncertainty of and/or delays in product orders and product qualifications; delays in the Company’s and its customers’ product releases and development; introductions of new products by competitors; changes in end-user demand for technology solutions; the Company’s ability to attract and retain skilled personnel; the Company’s reliance on suppliers of critical components; fluctuations in the market price of critical components; evolving industry standards; and the political and regulatory environment in the People’s Republic of China. Other risks and uncertainties are described in the Company’s annual report on Form 10-K, dated February 19, 2010, and subsequent filings with the U.S. Securities and Exchange Commission made by the Company from time to time. Except as required by law, Netlist undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Empire Resorts (NYNY) Set to Join Russell 3000 Index

MONTICELLO, N.Y.–(BUSINESS WIRE)–Empire Resorts, Inc., (NASDAQ: NYNY – News) today announced it is set to join the broad-market Russell 3000® Index on June 25, 2010, as part of an annual reconstitution of Russell’s U.S. and global equity indexes according to Russell’s preliminary list of additions published June 11, 2010 at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.russell.com&esheet=6340254&lan=en-US&anchor=www.russell.com&index=1&md5=030ca60c0a96816fc9ab57341794ee40. These changes are expected to go into effect after the close of trading on Friday, June 25, 2010 and remain in place for one year.

Empire Resorts expects that inclusion in the Russell 3000® would also result in inclusion in the Russell 2000, which is a subset of the Russell 3000® Index and includes approximately 2,000 of the smaller companies based on their market capitalization. All Russell indexes are sub-indexes of the Global Index. Initial inclusion in the Russell indexes will continue to raise the awareness of Empire Resorts to a wider range of institutions and investors.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in assets are benchmarked to them. Stocks that are added to Russell indexes are often purchased by index funds. Russell’s investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

More information on the reconstitution is available at: http://www.russell.com/indexes/membership/Reconstitution/Reconstitution_changes.aspx

About Russell Investments

Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $179 billion in assets under management as of March 31, 2010, and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.

About Empire Resorts

Empire Resorts owns and operates the Monticello Casino & Raceway, a harness racing track and casino located in Monticello, New York, and 90 miles from midtown Manhattan. For additional information, please visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.empireresorts.com&esheet=6340254&lan=en-US&anchor=www.empireresorts.com&index=6&md5=d3e0ccfe11f265f055273f9ec57ebdaa.

Statements in this press release regarding the Company’s business that are not historical facts are “forward-looking statements” that may involve material risks and uncertainties. The Company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only as of the date made. For a full discussion of risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report or Form 10-K for the most recently ended fiscal year, as well as the Form 10-Q for the most recently ended fiscal quarter.

Industrial Services of America, Inc. (IDSA) Issues Second Quarter Revenue Guidance

LOUISVILLE, Ky.–(BUSINESS WIRE)–Industrial Services of America, Inc. (NASDAQ: IDSA – News), a company that recycles stainless steel, ferrous and non-ferrous scrap metal today announced revenue guidance for the second quarter ending June 30, 2010.

The second quarter is progressing very well and the company expects revenues to be in the range of $82 – $86 million for the quarter compared with $39.1 million of revenues during the second quarter of 2009.

Chairman of the Board, Harry Kletter, will be presenting at the Sidoti Micro-Cap Conference on June 25, 2010 in New York. At the Conference, “investors will have access not only to informative 35-minute presentations, but one-on-one meetings with CEOs and other top executives, contingent upon demand”.

About ISA

Headquartered in Louisville, Kentucky, Industrial Services of America, Inc. buys, processes and markets scrap metals and recyclable materials for domestic users and export markets. Additionally, the company offers commercial, industrial and business customers a variety of programs and equipment to efficiently manage waste. More information about ISA is available at http://www.isa-inc.com.

This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ from predicted results. Specific risks include fluctuations in the price of recycled materials, varying demand for waste managing systems, equipment and services, competitive pressures in the stainless steel, ferrous and non-ferrous scrap metal recycling business, competitive pressures in the waste managing business and loss of customers. Further information on factors that could affect the Company’s results is detailed in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to the forward-looking statements.

The Company’s SEC filings are available for review at the Securities and Exchange Commission web site at http://www.sec.gov/edgar/searchedgar/companysearch.html.

EDAP (EDAP) to Distribute Lumenis Urological Lasers in France

LYON, France, June 24, 2010 (GLOBE NEWSWIRE) — EDAP TMS SA (Nasdaq:EDAP – News), the global leader in therapeutic ultrasound, announced today that it has signed an exclusive agreement with Lumenis, GmbH, to distribute Lumenis urological Holmium/Nd:YAG lasers in France, starting June 2010.

This exclusive distribution agreement will allow EDAP to broaden its products portfolio by offering urologists a new and high-end therapeutic option to their existing tools. Lumenis lasers enable precise minimally invasive treatment for a wide variety of urologic conditions such as benign prostatic hyperplasia (BPH) and bladder, urethral and kidney stones. With its strong knowledge of the French urology market and its close relationships with French urologists, EDAP is well positioned to strengthen its leadership in stone management and urology with the addition of Lumenis’ high-end technology lasers.

Marc Oczachowski, CEO, commented, “I am very enthusiastic about adding Lumenis lasers, recognized as top ranked urology lasers, to our product offering in France. For years, EDAP has proven its leadership and track record in selling urological medical devices in France. In addition to representing a new revenue opportunity, the distribution of Lumenis’ lasers in France will reinforce EDAP’s presence in the urological field by further positioning us as one of the major players offering a wide range of minimally-invasive technologies to patients with urological conditions.”

Lloyd Diamond, President EMEA, from Lumenis, added, “We are pleased to enter into this distribution agreement with EDAP. The French urology market is important to Lumenis and we now have the best partner to develop and support it. The combination of EDAP and Lumenis products provides a comprehensive solution to many of the urologists’ stone and prostate needs.”

About EDAP TMS SA

EDAP TMS SA develops and markets Ablatherm, the most advanced and clinically proven choice for high-intensity focused ultrasound (HIFU) treatment of localized prostate cancer. HIFU treatment is shown to be a minimally invasive and effective treatment option with a low occurrence of side effects. Ablatherm-HIFU is generally recommended for patients with localized prostate cancer (stages T1-T2) who are not candidates for surgery or who prefer an alternative option, or for patients who failed radiotherapy treatment. Approved in Europe as a treatment for prostate cancer, Ablatherm-HIFU (High Intensity Focused Ultrasound) is currently undergoing evaluation in a multicenter U.S. Phase II/III clinical trial under an Investigational Device Exemption granted by the FDA. The Company also is developing this technology for the potential treatment of certain other types of tumors. EDAP TMS SA also produces and commercializes medical equipment for treatment of urinary tract stones using extra-corporeal shockwave lithotripsy (ESWL). For more information on the company, please visit http://www.edap-tms.com, http://www.hifu-planet.com.

About Lumenis

Lumenis, one of the world’s largest medical laser companies, is a global developer, manufacturer and distributor of laser and light-based devices for surgical, ophthalmic and aesthetic applications, with more than 800 employees worldwide. Lumenis has nearly 250 patents, over 75 FDA clearances, an installed base of over 80,000 systems and presence in over 100 countries. Lumenis endeavors to bring the finest state of the art technology products to the market, fulfilling the highest standards of excellence, quality and reliability, delivering premium value and service to its customers. The name Lumenis is derived from the Latin words meaning “Light of Life” highlighting the light, which is the basis of our technologies used to enhance life. For more information about Lumenis and its products, please go to: http://www.lumenis.com.

Water Agencies Approve Agreements for Cadiz (CDZI) Water Conservation Project

LOS ANGELES–(BUSINESS WIRE)–Today Cadiz Inc. (NASDAQ: CDZI – News) announced that two Southern California water agencies have approved agreements to proceed with the Cadiz Water Conservation & Storage Project (“Cadiz Project”) and participate in the Project’s environmental review. The Boards of Directors of Santa Margarita Water District (“Santa Margarita”) and Three Valleys Municipal Water District (“Three Valleys”), which together serve over 650,000 customers in parts of Orange and Los Angeles Counties, have unanimously approved agreements that commit funds to an environmental review of the Cadiz Project and also grant the agencies the right to acquire a firm annual supply of water once the environmental review is complete.

Under the terms of the agreements, filed today by the Company with the Securities and Exchange Commission (“SEC”), upon completion of the environmental review, each agency has the right to acquire an annual supply of 5,000 acre-feet of water at a pre-determined formula competitive with their incremental cost of new water. Santa Margarita also has the option to purchase an additional 10,000 acre-feet of water per year. In addition, both agencies have options to acquire storage rights in the Cadiz Project that will allow them to manage this supply to complement their other water resources. The Company continues to work with additional water providers interested in acquiring rights to the remaining annual supply conserved by the Project and is in discussions with third parties regarding the storage aspect of the Project.

The two agencies, which signed Letters of Intent with Cadiz in 2009, approved these agreements following an exhaustive due diligence period. This included the recent publication of a comprehensive study of the Project’s aquifer system by environmental firm CH2M Hill. The study, which was peer reviewed and validated by leading groundwater experts, estimates total groundwater in storage in the aquifer system between 17 and 34 million acre-feet, a quantity on par with Lake Mead, the nation’s largest surface reservoir. The study also confirmed a renewable annual supply of native groundwater in the aquifer system currently being lost to evaporation.

“After several months of due diligence, we have determined that the Cadiz Project represents a significant and sustainable new water supply opportunity for Southern California that can be obtained without harming other users or the environment,” said Santa Margarita Water District Board Member Saundra F. Jacobs. “By moving ahead with the Project, we are working to drought-proof our agency, ensuring both a steady supply and a reliable bank of storage for the long-term in an environmentally responsible way. We look forward to taking the lead in the environmental review.”

“Cadiz has presented us with a unique opportunity; one that Three Valleys is excited to pursue,” added Bob Kuhn, President of the Three Valleys Municipal Water District Board of Directors. “The Cadiz Project affords us the chance to obtain a completely new, sustainable water supply by saving water otherwise lost to evaporation and at a price competitive with other new sources, enabling us to improve our overall water supply reliability.”

As part of its agreement with Cadiz, Santa Margarita will serve as lead agency for the California Environmental Quality Act (“CEQA”) review process. Three Valleys will also participate as a responsible agency. Both parties have committed funds to the CEQA process and will share in the costs.

“We are pleased that the Project is moving ahead on the strength of sound science and we look forward to the CEQA environmental review process,” said Cadiz General Counsel Scott Slater. “We’ve enjoyed briefing numerous stakeholders and various environmental groups over the past several months about the Project’s new water conservation strategy, and we welcome the chance for a thoughtful, fact-based analysis of the benefits it will bring to Southern California.”

About the Project

Cadiz owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of San Bernardino County, California. This landholding is underlain by an extensive aquifer system offering storage capacity and natural recharge. One of the largest water conservation efforts of its kind, the Cadiz Project will capture and utilize billions of gallons of renewable native groundwater that is currently being lost to evaporation through the aquifer system and yield a sustainable annual supply for subscribers. In addition, the Project offers approximately one million acre feet of storage capacity that can be used to conserve – or “bank” – imported water, virtually eliminating the high rates of evaporative loss suffered by local surface reservoirs.

About Santa Margarita

Santa Margarita is Orange County’s second-largest water district with a 62,000-acre service area that includes residents and businesses in Mission Viejo, Rancho Santa Margarita, Coto de Caza, Las Flores, Ladera Ranch, and Talega. With limited local water supplies, Santa Margarita currently relies upon imports from the Metropolitan Water District of Southern California (MWD) for much of its water supply, in addition to its groundwater reuse and water recycling supply programs.

About Three Valleys

Three Valleys serves cities, water agencies and water districts in eastern Los Angeles County including residents and businesses in Azusa, City of Industry, Covina, Claremont, Diamond Bar, Glendora, La Puente, La Verne, Pomona, Walnut, West Covina, Hacienda Heights and Rowland Heights. Forty percent of its service area receives water from local sources, while the remaining sixty percent is imported from MWD.

About Cadiz

Founded in 1983, Cadiz is a publicly-held renewable resources company that owns 70 square miles of property with significant water resources and clean energy potential in eastern San Bernardino County, California. The Company is engaged in a combination of water conservation and supply, solar energy, and organic farming projects. Last year, Cadiz signed a wide-ranging “Green Compact” to promote environmental conservation and sustainable management practices. Further information can be obtained by visiting http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cadizinc.com&esheet=6339333&lan=en-US&anchor=www.cadizinc.com&index=1&md5=781b00008240e5b8713df0755bd68081.

This release contains forward-looking statements that are subject to significant risks and uncertainties, including statements related to the future operating and financial performance of the Company and the financing activities of the Company. Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company’s forward-looking statements include the Company’s ability to maximize value for Cadiz land and water resources, the Company’s ability to obtain new financing as needed, and other factors and considerations detailed in the Company’s Securities and Exchange Commission filings.

Universal Security Instruments (UUU) Reports Fourth-Quarter and Year-End Results

OWINGS MILLS, Md., June 23 /PRNewswire-FirstCall/ — Universal Security Instruments, Inc. (NYSE Amex: UUU) today announced results for its fourth quarter and fiscal year ended March 31, 2010.

Universal reported fourth quarter net income of $468,223, or $0.20 per basic and diluted share, on sales of $6,301,918.  This compares to net income of $78,150, or $0.03 per basic and diluted share, on sales of $5,928,367 for the comparable period of the previous year.  Included in last year’s results was income from discontinued operations of $41,767.

For the 12 months ended March 31, 2010, sales were $26,439,118 versus $26,097,596 for the same period last year.  The Company reported net earnings of $2,268,048 or $0.95 per basic and diluted share versus net income of $4,865,357 or $1.97 per basic and $1.96 per diluted share for the same period last year.  Included in the March 31, 2009 results was a gain of $3,423,021 from discontinued operations.  The Company’s book value at March 31, 2010 has increased to $10.96 per share versus $9.95 per share at March 31, 2009.

“We are very pleased with the Company’s performance during the past fiscal year, particularly in light of the challenges the economy has created. Included in our results is approximately $500,000 of research and development expenses, which we expended for new product development, and we expect to spend another $400,000-$600,000 in this fiscal year to complete the development and testing of our new product line,” said Harvey Grossblatt, Chairman and CEO of Universal.

Universal previewed approximately 25 new products in May at the International Hardware Show in Las Vegas and received very positive feedback from our customers. Initial deliveries of several of these products should begin in the September time frame.

UNIVERSAL SECURITY INSTRUMENTS, INC. is a U.S.-based manufacturer (through its Hong Kong Joint Venture) and distributor of safety and security devices. Founded in 1969, the Company has a 41 year heritage of developing innovative and easy-to-install products, including smoke, fire and carbon monoxide alarms. For more information on Universal Security Instruments, visit our website at http://www.universalsecurity.com/.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws that inherently include certain risks and uncertainties.  Actual results could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, among other items, our and our Hong Kong Joint Venture’s respective ability to maintain operating profitability, currency fluctuations, the impact of current and future laws and governmental regulations affecting us and our Hong Kong Joint Venture and other factors which may be identified from time to time in our Securities and Exchange Commission filings and other public announcements.  We do not undertake and specifically disclaim any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements.  We will revise our outlook from time to time and frequently will not disclose such revisions publicly.

IsoRay (ISR) and Hologic (HOLX) Sign Exclusive Worldwide License for Crucial Brain Cancer Treatment Device

RICHLAND, Wash.–(BUSINESS WIRE)–IsoRay, Inc. (Amex: ISR – News) announced today that it has completed a license agreement with Hologic, Inc. (NASDAQ:HOLX – News) for exclusive worldwide distribution rights to the GliaSite® radiation therapy system, the world’s only FDA-cleared balloon catheter device used in the treatment of brain cancer. The system’s balloon catheter is a landmark technology that allows physicians to treat more patients than ever before with brachytherapy or internal radiation and provides important benefits over other radiation treatment options.

Brain cancer presents unique treatment challenges. Brain tumors are very often difficult to remove completely because of the need to avoid damaging the brain. Further, tumors tend to spread to healthy parts of the brain. Typically, surgeons remove as much as they can of the tumor and then treat the areas surrounding where the tumor was removed with radiation therapy. They sometimes use chemotherapy as well. However, most cancerous brain tumors reoccur shortly following removal, and the cancer tends to return near the site of the original tumor. Brain cancer is one of the fastest growing cancers and recurrence often proves fatal.

The GliaSite system offers a number of advantages in brain cancer treatment. It places a specified high dose of a liquid radiation source in the areas most likely to contain cancer after brain tumor removal and is less likely to damage healthy brain tissue. It helps eliminate the ability for the tumor to reoccur, which in turn impacts patient longevity.

In a related major development, IsoRay is moving forward with the regulatory approval process for its new liquid form of Cesium-131, an exciting advance in brachytherapy for the treatment of brain cancer, that would be delivered using the GliaSite radiation therapy system.

IsoRay CEO Dwight Babcock said physicians have voiced strong support for the GliaSite system and liquid Cesium-131 combination because they recognize the benefits afforded their patients. “In America alone, more than 200,000 men, women, and children are diagnosed with brain cancers every year. The GliaSite therapy system and its use to deliver a liquid radiation source is a versatile, effective treatment for numerous brain cancers,” he said.

Cesium-131 brachytherapy is a patented internal radiation therapy that has several advantages over older radioactive isotopes including faster delivery of a radiation dose that allows less time and opportunity for the cancer cells to repopulate and has a soft energy that minimizes radiation exposure for the operating room and support staff as well as the patient’s family members.

Babcock said this is another step forward in IsoRay’s efforts to advance cancer treatment. “Progress spells hope for patients and the physicians who help them. The GliaSite system represents further achievement as we work toward our goal of expanding brachytherapy solutions throughout the entire body and improving outcomes for cancer patients,” said Babcock.

Previously, approximately 500 GliaSite cases were performed annually at some 40 hospitals worldwide. GliaSite therapy has established reimbursement for both in-patient and out-patient settings.

About IsoRay

IsoRay, Inc., through its subsidiary, IsoRay Medical, Inc., is the sole producer of Cesium-131 brachytherapy seeds, which are expanding brachytherapy options throughout the body. Learn more about this innovative Richland, Washington company and explore the many benefits and uses of Cesium-131 by visiting http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.isoray.com&esheet=6337832&lan=en-US&anchor=www.isoray.com&index=7&md5=0882889d4050b715193ea3a142e400ff.

GliaSite is a trademark or registered trademark of Hologic and/or Hologic subsidiaries in the Unites States and/or other countries.

Safe Harbor Statement

Statements in this news release about IsoRay’s future expectations, including: the advantages of our Proxcelan Cesium-131 seed, the advantages of the Gliasite delivery system, whether a liquid form of Cesium-131 will be developed that receives regulatory approval and can be used successfully with the Gliasite delivery system, whether IsoRay will be able to expand its base beyond prostate cancer, whether IsoRay’s Cesium-131 seed will be used to treat additional cancers and malignant disease, whether the use of Cesium-131 to treat brain or other cancers will be successful in the initial and any future implants, and all other statements in this release, other than historical facts, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”). This statement is included for the express purpose of availing IsoRay, Inc. of the protections of the safe harbor provisions of the PSLRA. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as physician acceptance, training and use of our products, our ability to successfully manufacture, market and sell our products, our ability to manufacture our products in sufficient quantities to meet demand within required delivery time periods while meeting our quality control standards, our ability to enforce our intellectual property rights, whether additional studies are released and support the conclusions of early clinical studies, whether initial implants of Cesium-131 to treat brain or other cancers result in favorable patient outcomes, whether resources are available as needed to develop a liquid form of Cesium-131 and whether such liquid form receives and maintains all required regulatory approvals, whether any liquid form of Cesium-131 is able to be used successfully with the Gliasite delivery system, patient results achieved when Cesium-131 is used for the treatment of cancers and malignant diseases beyond prostate cancer whether with the Gliasite delivery system or in another delivery system, successful completion of future research and development activities, and other risks detailed from time to time in IsoRay’s reports filed with the SEC.

Hawk Corporation (HWK) Raises Full Year 2010 Guidance

CLEVELAND, OH–(Marketwire – 06/23/10) – Hawk Corporation (AMEX:HWK – News) announced today that it is raising its guidance for 2010 net sales and operating income based on the expected strength of its second quarter results and an improved outlook for the second half of the year.

The outlook for the construction and mining and heavy truck markets continues to improve, and the strength in these categories is influencing the Company’s revised guidance. Hawk is increasing its guidance for 2010 full year net sales to a range of between $225.0 million to $232.0 million from its previous guidance range of between $200.0 million to $210.0 million. This new guidance represents an increase of between 30.5% and 34.6% over 2009 revenues of $172.4 million.

Based on the impact of these higher sales volumes, Hawk is also increasing its guidance for 2010 full year operating income to a range of between $32.0 million and $35.0 million from its previous guidance of between $23.0 million and $25.0 million. This new guidance range represents an increase of between 91.6% and 109.6% over 2009 operating income of $16.7 million.

Ronald E. Weinberg, Hawk’s Chairman and CEO, said, “The volatility that persisted in the global economy in 2009 is giving way to more certainty that our first quarter results are sustainable. We believe that Hawk is benefitting from the improving global economy, and we see specific strength in our construction and mining and heavy truck end markets. In addition, because we continued to focus on key initiatives throughout the downturn, we have emerged strengthened and find that our business strategies are beginning to lead to increased revenue.”

The Company is revising its guidance for depreciation and amortization expense to approximately $8.0 million from its previous guidance of approximately $8.5 million and capital spending for 2010 to a range of between $7.0 million and $9.0 million from its previous guidance of between $8.0 million and $10.0 million. Additionally, Hawk is lowering its effective worldwide tax rate guidance to approximately 35.0% from its previous guidance of approximately 36.0%.

Management has not scheduled a conference call in conjunction with this revised guidance. The second quarter ends shortly and additional information will be available when the Company reports its financial results in August.

The Company
Hawk Corporation is a leading supplier of friction materials for brakes, clutches and transmissions used in airplanes, trucks, construction and mining equipment, farm equipment, recreational and performance automotive vehicles. The Company also operates a fuel cell components business. Headquartered in Cleveland, Ohio, Hawk has approximately 1,200 employees at 12 manufacturing, research and development, sourcing, sales and administrative sites in 6 countries.

Forward-Looking Statements
This press release includes forward-looking statements concerning sales, operating earnings, depreciation and amortization expense, capital expenditures and effective tax rates. These forward-looking statements are based upon management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company and which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to the Company’s ability to execute its business plan to meet its sales, operating income, cash flow and capital expenditure guidance and other risks detailed in Hawk’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2009, its quarterly reports on Form 10-Q, and other periodic filings.

Actual results and events may differ significantly from those projected in the forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Hawk Corporation is online at: http://www.hawkcorp.com/

Bsquare (BSQR) Renews OEM Distribution Agreement With Microsoft for 12th Year

BELLEVUE, WA–(Marketwire – 06/23/10) – BSQUARE Corporation (NASDAQ:BSQR – News), the leading software solutions provider to the global embedded device community, has renewed its OEM distribution agreement with Microsoft Corporation under which Bsquare sells Microsoft’s complete line of embedded software products to OEMs in North America. The new agreement is effective for the period July 1, 2010 to June 30, 2011.

This agreement allows Bsquare to assist OEMs to license Microsoft embedded software products including Windows Embedded CE, Windows Embedded Standard, XP Pro for Embedded Systems and Windows Embedded Server. Additionally, Bsquare is a global distributor for Windows Mobile licensing.

According to analyst firm VDC Research, an estimated 2.3 million enterprise handheld devices were shipped in 2009 and this number is projected to exceed 4.3 million by 2014.

“It’s an exciting time to be a part of the embedded device market and we are pleased to continue building on the successful relationship that Microsoft has with Bsquare,” said Microsoft’s Doug Follett, Director of OED for the Americas and EMEA. “Device makers will benefit from Microsoft’s investments in the enterprise handheld device market and new products based on the Windows 7 platform. Bsquare’s engineering services and products bring critical value to OEMs seeking hardware or software expertise to bring their devices to market faster.”

“The release of Windows Embedded Standard 7 and Microsoft’s commitment to the enterprise handheld device market will continue to drive success for Bsquare in the coming quarters,” said Scott Caldwell, Bsquare’s Director of Licensing Sales. “Windows Embedded Standard 7 fundamentally changes how embedded devices are developed. On this platform, embedded devices can be created easily and rapidly, allowing a new class of OEMs to easily enter the embedded market.”

As the only North American distributor that is nearly 100 percent focused on Windows Embedded products, Bsquare offers personalized account management and highly responsive technical support. In addition Bsquare offers value added products, engineering services, automated testing, technical support and training to enable device OEMs to move from prototyping and development to testing and production faster, with higher quality devices.

About Bsquare
Bsquare is an industry leader with a proven track record in providing production-ready software products and engineering services to the smart device market. Since 1994, Bsquare has provided device manufacturers with software solutions for personal navigation devices, point-of-sale terminals, handheld data terminals, smart phones and many other device categories allowing them to get to market more quickly and cost effectively.

For more information, visit http://www.bsquare.com/services/Automotive.asp.

Lightbridge (LTBR) Invents New Transformational Nuclear Fuel Technology

MCLEAN, Va., June 23, 2010 (GLOBE NEWSWIRE) — Lightbridge Corporation (Nasdaq:LTBR), the leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for civil nuclear energy programs, today announced a major technological breakthrough that has the potential to transform the nuclear power industry.  Lightbridge’s new fuel technology based on a proprietary all-metal fuel assembly design could reduce both initial capital costs per megawatt and annual operating costs per kilowatt-hour of nuclear power, making it more competitive with other forms of electricity generation while contributing to a significant reduction of CO2 emissions.

It is expected that Lightbridge’s all-metal fuel technology could be applied to currently operating or new light water reactors as well as small modular reactors which provide the same benefits as in larger commercial nuclear power plants.  It is also highly synergistic with fast reactor fuel designs.

One of the key benefits of the Lightbridge-designed all-metal fuel technology is a potential 30% increase in power output per reactor compared to reactors using standard oxide nuclear fuel.  This could translate into additional revenue for a 1,600-MWe light water reactor of up to $250 million or more per year, or nearly $16 billion over a 60-year expected lifetime of such reactors.  This increased power output is expected to lower operating costs on a per kilowatt-hour basis and strengthen the economics of nuclear power versus other forms of power generation.  In addition, currently operating light water reactors could also take advantage of this power uprate by switching to Lightbridge’s all-metal fuel design.

The Lightbridge-designed all-metal fuel design would provide enhanced proliferation resistance and result in up to 23% less volume of used fuel per kilowatt-hour of electricity generated and is expected to have improved fuel operation compared to standard oxide fuel.

“When it comes to meeting the ever increasing global demand for power generation, innovation will be the key to a sustainable and safe solution for industry and governments worldwide,” said Seth Grae, CEO, Lightbridge.  “Our breakthrough all-metal fuel technology builds upon over a decade of research and development effort that has been underway on our seed-and-blanket fuel assembly design.  This transformational fuel technology also helps advance our seed-and-blanket fuel assembly designs due to the synergies between the seed fuel rods and the fuel rods used in the all-metal fuel assembly design.  We expect that our all-metal nuclear fuel technology will provide significant economic incentives to nuclear utilities that make it economically attractive to adopt this advanced fuel product.”

As was previously announced, on June 10, 2010, Idaho National Laboratory approved a Texas A&M University-led joint proposal with Lightbridge for irradiation testing of this kind of metallic fuel in the Advanced Test Reactor.  The fuel demonstration in a test reactor environment is a key stepping stone to demonstration and deployment of this fuel in commercial Western-type light water reactors.

Sam Vaidyanathan, a member of Lightbridge’s Technical Advisory Board with more than 30 years of experience with the development, testing, and engineering of nuclear fuels, materials, and core components at major nuclear companies, added, “Simply stated this development is a very significant one for the nuclear power industry.  For those of us who have been in this business for the last few decades, this development without a doubt is transformational.  The tangible benefits are clear, measurable, and will likely have a substantive impact on the future of the nuclear power industry.  We’re very pleased and excited about this technological breakthrough.”

Over the past decade, Lightbridge has completed significant development and testing relating to this all-metal fuel technology.  In particular, Lightbridge has evaluated key operating parameters under various operating conditions. Some of the key parameters that were evaluated include: melting point, fission gas retention, surface heat flux, fuel swelling, moderator-to-fuel ratio, cladding corrosion, and others.  The results of the evaluation performed to-date indicate that the fuel performance would meet applicable criteria for safe operation.

About Lightbridge Corporation

Lightbridge is a U.S. nuclear energy company based in McLean, VA. with operations in Abu Dhabi, Moscow and London. The Company develops non-proliferative nuclear fuel technology and provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence.  Lightbridge’s breakthrough fuel technology is establishing new global standards for safe and clean nuclear power and leading the way towards a sustainable energy future.  Lightbridge consultants provide integrated strategic advice and expertise across a range of disciplines including regulatory affairs, nuclear reactor procurement and deployment, reactor and fuel technology and international relations.  It leverages those broad and integrated capabilities by offering their services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure.

The Lightbridge Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6636

Safe Harbor Statement

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

Inovio Pharmaceuticals’ (INO) Optimized DNA Vaccine Demonstrates Significant Advantages

BLUE BELL, Pa.–(BUSINESS WIRE)–Inovio Pharmaceuticals, Inc. (NYSE Amex: INO), a leader in the development of therapeutic and preventive vaccines against cancers and infectious diseases, announced today that the peer-reviewed journal Molecular Therapy has published a paper entitled “Comparative Analysis of Immune Responses Induced by Vaccination With SIV Antigens by Recombinant Ad5 Vector or Plasmid DNA in Rhesus Macaques.” The paper, co-authored by researchers from Merck, University of Pennsylvania School of Medicine, and Inovio Pharmaceuticals, notes that significant advances in the design, formulation, and delivery of DNA plasmid-based vaccines have dramatically increased their ability to induce antigen-specific immune responses. In this head-to-head comparison with an adenovirus serotype 5 (Ad5) vaccine considered to be the most immunogenic among viral vectors, Inovio’s optimized SynCon™ DNA vaccine delivered using its proprietary electroporation technology demonstrated numerous advantages in both magnitude and breadth of immune responses produced in non-human primates.

Compared to Ad5, the SynCon™ DNA vaccine resulted in:

• Significantly stronger antigen-specific cellular immune responses, in particular CD8+ T cells. T cells are considered instrumental in clearing cancerous or infected cells from the body. Such responses are therefore imperative to achieving sufficient potency in new vaccines against cancers and chronic infectious diseases such as HIV and hepatitis C virus. Importantly, Ad5 immunizations failed to boost immune responses following the first immunization, whereas immune responses from DNA vaccination were continually boosted even after four immunizations.
• Increased breadth of T cell-based immune responses. CD4+ and CD8+ T cell immune responses produced with DNA vaccination were broader and produced multiple immune molecules called cytokines (IFNγ, IL-2, TNF-α, and CD107a). Broad immune responses are considered an important potential marker for vaccine efficacy.
• Immune responses that were long-lasting and maintained at high levels.

Dr. David Weiner, Professor, Department of Pathology & Laboratory Medicine and Chair, Gene Therapy and Vaccines Program at the University of Pennsylvania, and the lead author of the paper, commented: “While Ad5 is particularly potent after a single immunization, its apparent susceptibility to pre-existing immune responses is a concerning limitation. We were pleased to see the superior magnitude and quality of immune responses generated by Inovio’s SIV DNA vaccine delivered using electroporation. Moreover, the ability of this technology to continuously boost immune responses after multiple immunizations is an accomplishment that bodes well for the application of this vaccine platform for diseases requiring strong T cell responses, such as HIV, hepatitis C virus, and cancers.” Dr. Weiner is also chairman of Inovio’s scientific advisory board.

Dr. J. Joseph Kim, Inovio’s CEO and also a co-author of the paper, said: “This study highlights that Inovio’s DNA vaccine platform has achieved levels of immune responses previously not achievable and is playing an important role in further advancing this important new generation of vaccines. These results have more recently been supported by the human data reported from our HPV clinical trial, which demonstrated unprecedented levels of cellular and humoral (antibody) responses.”

Inovio’s PENNVAX™-B HIV vaccine is currently being tested in two separate Phase I clinical studies (preventive and therapeutic settings). Inovio is developing two additional globally targeted HIV vaccine candidates, PENNVAX™-G and PENNVAX™-GP, in a collaboration with the US Military HIV Vaccine Research Program and via a multi-year $23.5 million NIAID HIV vaccine development contract, respectively.

SynCon™ DNA Vaccine vs. Ad5 Study Details

Previous studies demonstrated that the most potent recombinant vector system for induction of cellular immune (T cell) responses in macaques and humans is adenovirus serotype 5 (Ad5). However, an Ad5 based vaccine tested in one of the largest HIV clinical trials to date, the Step Study, was halted due to a lack of efficacy. New vaccine approaches must produce more potent immune responses to have a better prospect of succeeding in the clinic. This study compared Merck’s Ad5 SIV vaccine (SIVmac239 gag, nef, and pol immunogens) and Inovio’s optimized electroporation-delivered SIV DNA vaccine (consensus macSIV gag, env, and pol immunogens) in macaques. SIV, the HIV equivalent in non-human primates, is considered an important pre-clinical model for HIV vaccine development. The study compared previously optimized doses and immunization conditions for the two SIV vaccines: animals receiving the Ad5 vaccine were immunized three times; DNA-vaccinated animals were immunized up to four times. The researchers assessed magnitude and quality of the cellular responses induced by each approach. This study was funded in part by a grant from the Division of AIDS, National Institute of Allergy and Infectious Diseases (NIAID).

About Inovio Pharmaceuticals, Inc.

Inovio is developing a new generation of vaccines, called DNA vaccines, to treat and prevent cancers and infectious diseases. The company’s SynCon™ “universal” vaccines are designed to provide broad cross-strain protection against known as well as newly emergent strains of pathogens such as influenza. When delivered with Inovio’s proprietary electroporation delivery devices the vaccines have been shown to be safe and to generate significant immune responses. Inovio’s clinical programs include HPV/cervical cancer (therapeutic), avian flu, and HIV vaccines (both preventive and therapeutic). Inovio is developing its universal influenza vaccines in collaboration with scientists from the University of Pennsylvania and National Microbiology Laboratory of the Public Health Agency of Canada. Other partners and collaborators include Merck, ChronTech, University of Southampton, National Cancer Institute, HIV Vaccines Trial Network, and Malaria Vaccine Initiative/PATH. More information is available at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.inovio.com&esheet=6336027&lan=en-US&anchor=www.inovio.com&index=1&md5=0007ce70c2f78d805e01e20d1da08040.

This press release contains certain forward-looking statements relating to our business, including our plans to develop electroporation-based drug and gene delivery technologies and DNA vaccines and our capital resources. Actual events or results may differ from the expectations set forth herein as a result of a number of factors, including uncertainties inherent in pre-clinical studies, clinical trials and product development programs (including, but not limited to, the fact that pre-clinical and clinical results referenced in this release may not be indicative of results achievable in other trials or for other indications, that results from one study may not necessarily be reflected or supported by the results of other similar studies and that results from an animal study may not be indicative of results achievable in human studies), the availability of funding to support continuing research and studies in an effort to prove safety and efficacy of electroporation technology as a delivery mechanism or develop viable DNA vaccines, the adequacy of our capital resources, the availability or potential availability of alternative therapies or treatments for the conditions targeted by the company or its collaborators, including alternatives that may be more efficacious or cost-effective than any therapy or treatment that the company and its collaborators hope to develop, evaluation of potential opportunities, issues involving patents and whether they or licenses to them will provide the company with meaningful protection from others using the covered technologies, whether such proprietary rights are enforceable or defensible or infringe or allegedly infringe on rights of others or can withstand claims of invalidity and whether the company can finance or devote other significant resources that may be necessary to prosecute, protect or defend them, the level of corporate expenditures, assessments of the company’s technology by potential corporate or other partners or collaborators, capital market conditions, our ability to successfully integrate Inovio and VGX Pharmaceuticals, the impact of government healthcare proposals and other factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2009, our Form 10-Q for the three months ended March 31, 2010, and other regulatory filings from time to time. There can be no assurance that any product in Inovio’s pipeline will be successfully developed or manufactured, that final results of clinical studies will be supportive of regulatory approvals required to market licensed products, or that any of the forward-looking information provided herein will be proven accurate.

Stream Global Services (SGS) Renews Agreement With ITIDA for Egyptian Workforce Development

BOSTON, June 22 /PRNewswire-FirstCall/ — Stream Global Services, Inc., (NYSE Amex: SGS), a premium business process outsource (BPO) service provider specializing in customer relationship management for Fortune 1000 companies, today announced that it has renewed its agreement with the Egyptian Information Technology Development Agency (ITIDA) to employ and train Egyptian employees in its Cairo facility.  ITIDA, as part of its initiative to empower, grow and develop Egypt‘s information and communications technology industry, will continue to subsidize certain employee training costs for Stream.  Stream expects its staff in Cairo to grow from 1000 employees to close to 4000 employees over the next three years.

Stream’s Chairman and CEO, Scott Murray, signed the agreement today with Dr. Hazem Youssef Abdelazim, CEO, ITIDA, during the American Chamber of Commerce in Egypt event, taking place in Washington, DC. The agreement was witnessed by the Minister of Communications and Information Technology, His Excellency, Dr. Tarek Kamel. In addition to the signing, Mr. Murray will also participate in a panel discussion with other leading global companies regarding its recent business success in Egypt.

“Since the opening of our Cairo service center just over a year ago, Stream has seen tremendous growth and success in the region,” said Murray.  “The excellent language skills, labor pool scalability and exceptional government support has enabled us to provide unparalled service programs for our clients.  We are thrilled to continue our work with the ITIDA to ensure that we quickly and effectively ramp up training and support efforts in Cairo for these clients.”

According to a recent Ovum research article, Egypt has a significant role to play in the delivery of customer-facing services to Western end-users.  According to Ovum analyst and author, Peter Ryan, “Stream’s decision to move into Egypt for contact center delivery highlights the significant value this market has to offer.”

Commenting on the agreement, ITIDA CEO, Dr. Hazem Youssef Abdelazim said, “We are pleased to continue our work with Stream to further develop the technology talent base of Egypt.  We look forward to our continued partnership over the coming years to ensure Stream’s clients reap the benefits of Egypt‘s advanced technology infrastructure and highly educated workforce. More importantly, Stream’s success with ITIDA support, proves that Egypt has positioned itself as next large scale location for global BPO and Call Center requirements.”

About Stream Global Services

Stream Global Services is a premium business process outsource (BPO) service provider specializing in customer relationship management including sales, customer care and technical support for Fortune 1000 companies.  Stream is a trusted partner to some of the world’s leading technology, computing, telecommunications, retail, entertainment/media, and financial services companies.  Our service programs are delivered through a set of standardized best practices and sophisticated technologies by a highly skilled workforce of approximately 30,000 employees based out of 50 solution centers in 22 countries supporting more than 35 languages.  Stream continues to expand its global presence and service offerings to increase revenue, improve operational efficiencies and drive brand loyalty for its clients. To learn more about the company and its complete service offering, please visit http://www.stream.com/.

About IDITA

The Information Technology Industry Development Agency (ITIDA) is a governmental entity affiliated to Egypt‘s Ministry of Communications and Information Technology.  It is responsible for growing and developing Egypt‘s position as a leading global outsourcing location by attracting foreign direct investment to the industry and maximizing the exports of IT services and applications.

Located in the heart of the modern business environment at Smart Village, the six hundred acre technology and business park on the outskirts of Cairo, ITIDA is a self-sustainable entity that drives the IT industry in Egypt and raises awareness among the Egyptian people of the benefits and use of ICT to advance socio-economic welfare of the whole community. To learn more about ITIDA and its activities, please visit http://www.itida.gov.eg/

VirnetX (VHC) Victorious in Patent Review

SCOTTS VALLEY, Calif., June 22 /PRNewswire-FirstCall/ — VirnetX Holding Corporation (NYSE Amex: VHC), an Internet security software and technology company, announced today that on June 16, 2010, the United States Patent and Trademark Office (USPTO) confirmed all claims of VirnetX’s U.S. Patent No. 6,502,135 and U.S. Patent No. 7,188,180 are patentable and valid.

U.S. Patent No. 6,502,135, entitled “Agile Network Protocol for Secure Communications with Assured System Availability” and U.S. Patent No. 7,188,180, entitled “Method for Establishing Secure Communication Link Between Computers of Virtual Private Network,” were determined to have been infringed by Microsoft at a jury trial in a patent infringement suit that was settled by VirnetX and Microsoft for $200 million on May 17, 2010.

“The validation of these two key patents and all the claims associated with each by the USPTO further validates the importance and strength of our patent portfolio,” said Kendall Larsen, VirnetX President and CEO.  “Furthermore, this confirms that VirnetX has key patents related to one of the most ubiquitous and important security technologies, Virtual Private Networks.”

About VirnetX

VirnetX Holding Corporation, an Internet security software and technology company, is engaged in commercializing its patent portfolio,  by developing a licensing program as well as developing software products designed to create a secure environment for real-time communication applications such as instant messaging,  VoIP, smart phones, eReaders and video conferencing. The Company’s patent portfolio includes over 48 U.S. and international patents and pending applications that were recently declared as essential for 4G security specifications and provide the foundation for the Company’s unique GABRIEL Connection Technology. For more information, please visit http://www.virnetx.com/.

Iridium (IRDM) Expands Reach With South African License GlobeNewswire (Tue 7:00AM EDT)

MCLEAN, Va. and JOHANNESBURG, South Africa, June 22, 2010 (GLOBE NEWSWIRE) — Iridium Communications Inc. (Nasdaq:IRDM – News) announces the establishment of “Iridium South Africa,” under which Iridium has licenses to operate, provide and sell mobile satellite services (MSS) in the country. The authorization was provided by the Independent Communications Authority of South Africa (ICASA), the regulator for the South African communications and broadcasting services. This authorization enables Iridium partners the ability to better address the growing government and commercial enterprise market demand with Iridium products, services and applications in the country.

The Iridium low-Earth orbiting (LEO) satellite constellation provides mobile voice and data communications over the entire planet, offering service where no other means of communication exists. As a result of the new communications licenses, the government, business and consumer sectors in South Africa now have greater access to the world’s only truly global MSS.

“Iridium has grown its commercial service revenues between 2006 and 2009 at a compound annual growth rate (CAGR) of more than 27 percent, primarily through the introduction of new products and services, attraction of new distribution partners, and expansion of its geographic sales reach,” said Matt Desch, CEO, Iridium. “This announcement continues to demonstrate the demand for Iridium’s MSS around the globe. South Africa is an important and growing market that requires Iridium’s broad, reliable, dependable, mobile communications services.”

Iridium anticipates its MSS can be utilized by the South African government to provide backup communications in urban and rural areas, and in emergency situations, as is the case in many regions of the world. Iridium’s global low-latency, two-way machine-to-machine (M2M) communications are ideal for markets such as transportation, logistics, security, oil and gas, and mining where there are requirements to deliver continuous, intelligent communications on valuable assets in real time. In addition, there is significant demand from global companies looking to expand their operations in the country.

Iridium voice and data services are particularly ideal for South Africa because of its coastal access to the South Atlantic Ocean and Indian Ocean, as well as its large rural land mass and significant mining operations. The country’s established and emerging industries, growing infrastructure and adventure tourist industry also make Iridium an essential service in South Africa.

“A satellite communications service such as Iridium’s, with service covering the entire globe, as well as all corners of our country, including her shores and areas that may never be served otherwise by current service providers, is an enormous development for South Africa,” said Dr. John K. Nkadimeng, patron of the John Kgoana Nkadimeng Foundation, and one of the champions of the liberation struggle for freedom in South Africa. Nkadimeng, along with Nelson R. Mandela, is one of the original 1956 Treason Trial anti-apartheid defendants.

In addition to the existing partners with export operations in South Africa, Iridium anticipates opportunities for its more than 200 global distribution partners to form new partnerships to deliver a range of innovative voice and data applications that will connect the South African market to the global reach of the Iridium network.

Demand for truly global MSS has helped fuel the company’s international expansion as well as plans to build its next-generation satellite constellation, Iridium NEXT. Iridium continues to pursue licenses in other significant geographical markets, such as Russia and China, which represent the opportunity for further expansion of the company’s products and services.

About Iridium Communications Inc.

Iridium Communications Inc. (http://www.globenewswire.com/newsroom/ctr?d=194794&l=9&a=www.iridium.com&u=http%3A%2F%2Fwww.iridium.com) is the only mobile satellite service (MSS) company offering coverage over the entire globe. The Iridium constellation of low-earth orbiting (LEO) cross-linked satellites provides critical voice and data services for areas not served by terrestrial communication networks. Iridium serves commercial markets through a worldwide network of distributors, and provides services to the U.S. Department of Defense and other U.S. and international government agencies. The company’s customers represent a broad spectrum of industry, including maritime, aeronautical, government/defense, public safety, utilities, oil/gas, mining, forestry, heavy equipment and transportation. Iridium has launched a major development program for its next-generation satellite constellation, Iridium NEXT. The company is headquartered in McLean, Va., USA and trades on the NASDAQ Global Market under the ticker symbols IRDM (common stock), IRDMW ($7.00 warrants), IRDMZ ($11.50 warrants) and IRDMU (units).

Forward-Looking Statements

Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding expected usage of Iridium’s mobile satellite services (MSS). Other forward-looking statements can be identified by the words “anticipates,” “may,” “can,” “believes,” “expects,” “projects,” “intends,” “likely,” “will,” “to be” and other expressions that are predictions of or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding overall levels of demand for MSS, and the company’s ability to maintain the health, capacity and content of its satellite constellation, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2009, filed with the Securities and Exchange Commission on March 16, 2010. There is no assurance that Iridium’s expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium’s underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected.

Iridium’s forward-looking statements speak only as of the date of this press release and Iridium undertakes no obligation to update forward-looking statements.

Merck (MRK) and Codexis (CDXS) Honored with Presidential Green Chemistry Challenge Award

Jun. 21, 2010 (Business Wire) — Merck and Codexis, Inc. (NASDAQ:CDXS) today announced that they have jointly been awarded the annual Presidential Green Chemistry Challenge Award from the U.S. Environmental Protection Agency (EPA) for the development of a novel biocatalytic method for the synthesis of sitagliptin. In addition, a paper co-authored by Merck and Codexis scientists and published online June 17 in the peer-reviewed journal Science, details how an enzyme was systematically customized using Codexis technology to perform the key chemical step in the sitagliptin synthesis process. This process showed improved efficiency and significantly decreased chemical waste byproducts.

“Merck has a longstanding commitment to environmental sustainability,” said Richard Tillyer, Ph.D, head of Drug Discovery and Preclinical Sciences, Merck Research Laboratories. “This award and the recent publication underscore the strength of the innovative science and the productive collaboration with our colleagues at Codexis.”

The publication in Science outlines how Merck and Codexis collaborated to create a custom enzyme, or biocatalyst, that can allow for commercial-scale manufacturing of sitagliptin. No natural enzyme able to produce this compound was found. Enzymes are biodegradable, renewable and are generally believed to provide a more sustainable means of chemical synthesis than many currently employed methods used for the manufacture of pharmaceuticals. Evidence suggests that the new process may offer a 10-13 percent overall increase in yield of sitagliptin over the current process and a significant reduction in waste byproducts.

“Codexis is honored to receive one of the U.S. government’s highest awards for environmental protection with Merck,” said Alan Shaw, Ph.D., Codexis President and CEO. “Our proven technology platform is in use around the world, enabling creation of cleaner, more efficient pharmaceutical manufacturing processes. We are committed, with our colleagues at Merck, to leveraging the power of green chemistry for a sustainable environment.”

About Presidential Green Chemistry Challenge Awards Program

The Presidential Green Chemistry Challenge Awards are presented annually by the Environmental Protection Agency to recognize new technologies that help prevent pollution by reducing or eliminating hazardous waste in industrial production. It provides recognition of outstanding chemical technologies that incorporate the principles of green chemistry into chemical design, manufacture, and use, and that have been or can be utilized by industry in achieving their pollution prevention goals. The award was launched in 1995 in partnership with the chemical industry, the American Chemical Society, the National Academies and other stakeholders. Both Merck and Codexis won awards individually in 2006.

About Merck

Today’s Merck is a global healthcare leader working to help the world be well. Merck is known as MSD outside the United States and Canada. Through our prescription medicines, vaccines, biologic therapies, and consumer care and animal health products, we work with customers and operate in more than 140 countries to deliver innovative health solutions. We also demonstrate our commitment to increasing access to healthcare through far-reaching policies, programs and partnerships. Merck. Be well. For more information, visit www.merck.com.

About Codexis

Codexis, Inc. is a leading provider of optimized biocatalysts that make existing industrial processes faster, cleaner and more efficient than current methods and have the potential to make new industrial processes possible at commercial scale. Codexis has commercialized its biocatalysts in the pharmaceutical industry and is developing biocatalysts for use in producing advanced biofuels under a multi-year research and development collaboration. The company is also using its technology platform to pursue biocatalyst-enabled solutions in other bioindustrial markets, including carbon management, water treatment and chemicals. For more information, visit www.codexis.com.

Merck Forward-Looking Statement

This news release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about the benefits of the merger between Merck and Schering-Plough, including future financial and operating results, the combined company’s plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of Merck’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements.

The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the possibility that the expected synergies from the merger of Merck and Schering-Plough will not be realized, or will not be realized within the expected time period; the impact of pharmaceutical industry regulation and health care legislation; the risk that the businesses will not be integrated successfully; disruption from the merger making it more difficult to maintain business and operational relationships; Merck’s ability to accurately predict future market conditions; dependence on the effectiveness of Merck’s patents and other protections for innovative products; the risk of new and changing regulation and health policies in the U.S. and internationally and the exposure to litigation and/or regulatory actions.

Merck undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in Merck’s 2009 Annual Report on Form 10-K and the company’s other filings with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (www.sec.gov).

Codexis Forward-Looking Statement

This press release contains forward-looking statements relating to the benefits of the novel biocatalytic method for the synthesis of sitagliptin and the future environmental benefits of green chemistry as discussed in this press release. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results. Factors that could materially affect actual results can be found in Codexis’ Quarterly Report on Form 10-Q dated May 28, 2010 including under the caption “Risk Factors.” Codexis expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law.

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GlobalSCAPE® (GSB) Named To Computerworld’s 2010 List of Best Places to Work in IT

SAN ANTONIO–(BUSINESS WIRE)–GlobalSCAPE, Inc. (NYSE Amex: GSB), a leading developer of secure information exchange solutions, today announced that it was chosen as a 2010 “Best Places to Work in IT” honoree by IDG’s Computerworld. Each year, Computerworld ranks the top 100 work environments for technology professionals. Organizations that are selected are those that challenge their IT staff with exciting projects, offer them access to and training with today’s hottest technology, and provide great benefits and compensation.

“To be among the Best Places to Work in IT, it’s not enough just to seek out and hire the most talented IT people, offer them competitive pay and provide great benefits,” said Scot Finnie, editor in chief of Computerworld. “The organizations that made this year’s Best Places to Work list sustain a dynamic work environment in which IT professionals keep their hands on the latest technologies and work on projects that are business critical.”

This 2010 “Best Places to Work in IT” award is one of several awards for which GlobalSCAPE has recently been recognized: GlobalSCAPE was named among the “Top 50 Workplaces in San Antonio” for 2009 by the San Antonio Express-News; in March, the company also was chosen as a winner of the 2010 “Product Innovation Awards for Managed File Transfer (MFT)” by Network Products Guide, the industry’s leading information technology research and advisory guide; and in April, the company was selected as one of the “Best Places to Work” for 2010 by the San Antonio Business Journal.

“We are honored to be among those companies recognized by Computerworld as an exceptional place for IT professionals to work,” said Jim Morris, president and CEO of GlobalSCAPE. “Technology is such an integral part of our company’s success, and we make it a priority to provide growth opportunities and challenges to our employees, in order to sustain an innovative culture. After all, keeping employees happy is critical to having satisfied customers.”

GlobalSCAPE develops and distributes software and hosted solutions, including services, for business customers to securely exchange information over the Internet and within their networks. The company’s products are used worldwide across a wide range of industries, including government organizations, and in some of the largest corporations in the world, including 95 of the Fortune 100. GlobalSCAPE solutions facilitate delivery of critical information such as financial data, medical records, customer files and similar data documents while supporting information protection approaches to meet privacy, security, and compliance requirements.

About Best Places to Work in IT

Since 1994, Computerworld’s annual “Best Places to Work in IT” feature has ranked the top 100 work environments for technology professionals, based on a comprehensive questionnaire regarding company offerings in categories such as benefits, diversity, career development, training and retention.

About Computerworld

Computerworld is the leading source of technology news and information for IT influencers worldwide, providing peer perspective, IT leadership and business results. Computerworld’s award-winning Web site (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.computerworld.com&esheet=6329988&lan=en-US&anchor=www.computerworld.com&index=4&md5=5736ca5081f447afb5b118e352c1ea01), bi-weekly publication, focused conference series and custom research forms the hub of the world’s largest (40+ editions) global IT media network. In the past five years alone, Computerworld has won more than 100 awards, including 13 American Society of Business Publication Editors (ASBPE) awards in 2009, the 2009 Best Blog from the Neal awards, and 2006 Best Overall Web Publication from ASBPE. Computerworld leads the industry with an online audience of over 3 million unique, monthly visitors and a print audience of 1,059,000 readers each issue (IntelliQuest CIMS Fall 2009). Computerworld is published by IDG Enterprise, a subsidiary of International Data Group (IDG), the world’s leading media, events, and research company. Company information is available at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.idgenterprise.com&esheet=6329988&lan=en-US&anchor=www.idgenterprise.com&index=5&md5=bb0662d7932e60d6f61474f71a2675d1.

About GlobalSCAPE

GlobalSCAPE, Inc. (NYSE Amex: GSB), headquartered in San Antonio, TX, is a global provider of managed file transfer (MFT) and wide area file services (WAFS) solutions for securely exchanging critical information over the Internet, within an enterprise, and with business partners. Since the release of CuteFTP in 1996, GlobalSCAPE’s solutions have continued to evolve to meet the business and technology needs of an increasingly interconnected global marketplace. For more information about GlobalSCAPE’s products and services, visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.globalscape.com&esheet=6329988&lan=en-US&anchor=www.globalscape.com&index=7&md5=de604962e63b9828940b07751d0e715f or the Company’s Secure Info Exchange blog.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words “would,” “exceed,” “should,” “anticipates,” “believe,” “steady,” “dramatic,” and variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company’s Annual Report on Form 10-K for the 2009 calendar year, filed with the Securities and Exchange Commission on March 30, 2010.

DemandTec (DMAN) Appoints Rob Culin VP of Shopper Insights and Strategic Programs

SAN MATEO, Calif., June 21 /PRNewswire-FirstCall/ — DemandTec, Inc. (Nasdaq:DMAN – News), a leading provider of on-demand optimization solutions for retailers and consumer products companies, today announced that Rob Culin has joined the company as Vice President of Shopper Insights and Strategic Programs.  Culin will take the leadership role in developing DemandTec’s consulting services to leverage insights, software, and consulting services to create collaborative programs between retailers and consumer products manufacturers.

Culin was most recently Senior Vice President, U.S. Manufacturer Practice Leader for dunnhumby where he was successful in creating customer value through shopper insights and brand loyalty.  Culin was previously a Principal for Kurt Salmon Associates, a global management consulting firm.  He started his career at Andersen Consulting and at AT Kearney. He also spent six years at Kraft Foods in a number of roles including Brand Management and Strategic Planning.  He holds an MBA from the Kellogg Graduate School of Management at Northwestern University and a BA in Engineering and Economics from Brown University.

“Rob’s prior experience and successes will enhance our ability to serve the market with world-class consulting and implementation services around the DemandTec Shopper Insights™ solution,” said Dan Fishback, Chief Executive Officer for DemandTec. “His track record of creating customer value in his previous roles will be a great asset for DemandTec, and we are pleased to have him join our team.”

In related news, DemandTec also announced today that Target Corporation, the second largest general merchandise retailer in the United States, has selected the DemandTec Shopper Insights™ solution to complete its planned deployment of DemandTec’s entire nextGEN solution suite.

Culin said “This is an exciting time for DemandTec, both with the recent launch of its Shopper Insights solution and today’s announcement that Target has selected DemandTec Shopper Insights.  I’m thrilled to be joining such a seasoned team at such an exciting time, and look forward to ensuring our customers’ success.”

About DemandTec

DemandTec (NASDAQ:DMAN – News) enables retailers and consumer products companies to optimize merchandising and marketing decisions, individually or collaboratively, to achieve their sales volume, revenue, shopper loyalty, and profitability objectives.  DemandTec software services utilize DemandTec’s science-based software platform to model and understand consumer behavior. DemandTec customers include more than 230 leading retailers and consumer products manufacturers such as Ahold USA, Best Buy, ConAgra Foods, Delhaize America, General Mills, H-E-B Grocery Co., Hormel Foods, Monoprix, PETCO, Safeway, Sara Lee, Target, The Home Depot, Wal-Mart and WH Smith. Connected via the DemandTec TradePoint Network™, DemandTec customers have collaborated on over 3.2 million trade deals. For more information, please visit http://www.demandtec.com/.

DemandTec Safe Harbor

This press release contains forward-looking statements regarding DemandTec’s expectations, hopes, plans, intentions or strategies, including statements about the benefits of DemandTec’s solutions. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in DemandTec’s documents filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to DemandTec as of the date hereof, and DemandTec assumes no obligation to update these forward-looking statements.

Ralcorp Holdings (RAH) to Acquire American Italian Pasta Company (AIPC)

ST. LOUIS, and KANSAS CITY, Mo., June 21 /PRNewswire-FirstCall/ — Ralcorp Holdings, Inc. (NYSE: RAH) (“Ralcorp”) and American Italian Pasta Company (Nasdaq: AIPC) (“AIPC”) today announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which Ralcorp will acquire all of the outstanding shares of AIPC common stock for $53.00 per share in cash, for a total purchase price of approximately $1.2 billion, net of cash acquired.

Under the terms of the agreement, Ralcorp will commence a tender offer to acquire all of the outstanding shares of AIPC common stock for $53.00 per share in cash.  The transaction is expected to close during Ralcorp’s fourth fiscal quarter ending September 30, 2010 and is subject to customary closing conditions and regulatory approvals, as well as a majority of the outstanding shares of AIPC common stock being validly tendered and not withdrawn in the tender offer.  Ralcorp intends to fund the transaction through a combination of cash on hand, borrowings under existing credit facilities, a bridge facility for which it has received a commitment letter or other debt or equity arrangements.  Upon completion of the transaction, AIPC will become a wholly-owned subsidiary and will operate as an independent division of Ralcorp, reporting to Kevin J. Hunt, co-chief executive officer and president of Ralcorp, who oversees the company’s existing Snacks, Sauces and Spreads and Frozen Bakery Products businesses.

“We are excited about the addition of AIPC to the Ralcorp family,” said Mr. Hunt.  “This transaction strengthens our position as a diversified provider of private label and branded food products, and we anticipate that by adding  AIPC’s number one position in private label dry pasta, strategically-located production facilities, solid brands and top-tier customer base to Ralcorp’s capabilities, we will be able to better address a broader spectrum of customer and consumer needs.”

“We are delighted to welcome AIPC’s talented and dedicated employees to Ralcorp,” added David P. Skarie, co-chief executive officer and president of Ralcorp.  “We expect AIPC’s workforce to be an important part of Ralcorp’s continued growth and success and we intend to continue to invest in the combined business for sustainable and profitable growth.”

“This transaction with Ralcorp creates significant value for AIPC’s stockholders, customers and employees,” said Jack P. Kelly, president and chief executive officer of AIPC.  “This transaction provides immediate cash value to our stockholders at a premium that is reflective of the strength of our business.  We believe that the addition of AIPC’s products to Ralcorp will help create a stronger, more diversified company with long-term advantages for both companies’ customers and employees.  We look forward to working closely with the Ralcorp team to complete the transaction as expeditiously as possible and to ensure a smooth transition.”

Expected Benefits of the Ralcorp and AIPC Combination

The combination of Ralcorp and AIPC leverages their complementary product offerings and market strengths and unites two companies with rich traditions of delivering quality and value to their customers and consumers.  This combination is expected to result in:

• the creation of a larger, stronger business with a diversified but complementary portfolio of high-quality private label and branded products;
• a strong, combined financial profile, with an anticipated increase in fully diluted earnings per share of at least $0.50 for fiscal 2010, on a pro forma basis as if this transaction, as well as Ralcorp’s recent acquisitions of North American Baking Ltd. and J.T. Bakeries Ltd. had been completed as of the beginning of the fiscal year and before one-time costs associated with this transaction; and
• a deeper understanding of private label and branded food categories, which will allow for the application of the combined expertise, knowledge and customer relationships over a broader product base.

Ralcorp has substantial experience integrating acquisitions, having completed over 20 acquisitions in the past 10 years.  Ralcorp has assembled an experienced team who will be working closely with AIPC management to plan and facilitate a successful integration of AIPC in an effort to realize the benefits inherent in this transaction.

Conference Call

Ralcorp will host a conference call today at 9:00 a.m. EDT to discuss the transaction.  For access to the call via live audio webcast, please visit the investors section of Ralcorp’s website at www.ralcorp.com.  Analysts and investors may access the call by dialing 1-866-610-1072; outside the U.S., dial 1-973-935-2840.

A rebroadcast will be posted as soon as it is available and will remain posted until July 5, 2010 by calling 1-800-642-1687 in the U.S. and 1-706-645-9291 outside the U.S.  The PIN number for both the conference call and the rebroadcast is 83096717.  An archive of the webcast will be posted as soon as it is available and will remain posted for 30 days in the investor relations section on Ralcorp’s website at www.ralcorp.com.

About Ralcorp

Ralcorp produces Post-branded cereals, a variety of value brand and store brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers, and frozen bakery products sold to in-store bakeries, restaurants and other foodservice customers.  Ralcorp’s diversified product mix includes:  ready-to-eat and hot cereals; nutritional and cereal bars; snack mixes, corn-based chips and extruded corn snack products; crackers and cookies; snack nuts; chocolate candy; salad dressings; mayonnaise; peanut butter; jams and jellies; syrups; sauces; frozen griddle products including pancakes, waffles, and French toast; frozen biscuits and other frozen pre-baked products such as breads and muffins; and frozen dough for cookies, Danishes, bagels and doughnuts.  For more information about Ralcorp, visit the company’s website at www.ralcorp.com.

About American Italian Pasta Company

Founded in 1988 and based in Kansas City, Missouri, American Italian Pasta Company is a leading producer of dry pasta in North America.  AIPC has four plants that are located in Columbia, South Carolina; Excelsior Springs, Missouri; Tolleson, Arizona and Verolanuova, Italy.  AIPC has approximately 675 employees located in the United States and Italy.  For more information about AIPC, visit the company’s website at www.aipc.com.

Forward Looking Statements

This document contains forward-looking statements which are within the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.  These forward-looking statements include statements with respect to the expected timing, completion and effects of the proposed acquisition and the financial condition, results of operations, plans, objectives, future performance and business of Ralcorp and the combined company, including statements preceded by, followed by or that include the words “believes,” “projects,” “targets,” “should,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “will,” “can” or similar expressions.  These forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties.  There are a number of important factors which could cause Ralcorp’s or AIPC’s actual results to differ materially from those anticipated by the forward-looking statements.  Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.  These factors include, but are not limited to:  (1) the ability to consummate the proposed transaction; (2) receipt of regulatory approvals without unexpected delays or conditions; (3) changes in estimates of future earnings and cash flows; (4) changes in expectations as to the closing of the transaction; (5) an increase in costs of packaging materials, ingredients, or raw materials, including durum wheat; (6) competitive pressures among branded and private label manufacturers increasing significantly; (7) general economic and business conditions that adversely affect the companies or their suppliers, distributors or customers; (8) expected synergies and cost savings are not achieved or achieved at a slower pace than expected; (9) integration problems, delays or other related costs; (10) retention of customers and critical employees; (11) the cost of capital necessary to financing the transaction; (12) unanticipated changes in laws, regulations, or other industry standards affecting the companies; and (13) those referenced in Item 1A of Ralcorp’s Annual Report on Form 10-K for the year ended September 30, 2009, under the heading “Risk Factors” or in Item 1A of AIPC’s Annual Report on Form 10-K for the year ended October 2, 2009, under the heading “Risk Factors.”

Important Information About the Tender Offer

This press release is for informational purposes only and does not constitute an offer to purchase nor a solicitation of an offer to sell any securities of AIPC.  Ralcorp has not commenced the tender offer for the shares of AIPC common stock described in this press release.  The solicitation and offer to purchase shares of AIPC common stock will only be made pursuant to a tender offer statement on Schedule TO and related exhibits, including the offer to purchase, letter of transmittal, and other related documents.

Upon commencement of the tender offer, Ralcorp will file with the SEC a tender offer statement on Schedule TO and related exhibits, including the offer to purchase, letter of transmittal, and other related documents.  In addition, AIPC will file with the SEC a tender offer solicitation/recommendation statement on Schedule 14D-9 with respect to the tender offer.  These documents will contain important information, including the terms and conditions of the tender offer.  Investors and security holders are urged to read each of these documents and any amendments to these documents carefully when they are available prior to making any decisions with respect to the tender offer.

Investors and security holders will be able to obtain free copies of these materials (when available) and other documents filed with the SEC by Ralcorp or AIPC through the web site maintained by the SEC at www.sec.gov.  In addition, Schedule TO and related exhibits, including the offer to purchase, letter of transmittal, and other related documents may be obtained (when available) for free by contacting Ralcorp at 800 Market Street, Suite 2900, St. Louis, MO 63101, (314) 877-7000 and the Schedule 14D-9 may be obtained (when available) for free by contacting AIPC at 4100 N. Mulberry Drive, Suite 200, Kansas City, Missouri 64116, (816) 584-5000.

EF Johnson Technologies, Inc. (EFJI) Announces Amended Merger Agreement with Francisco Partners

IRVING, Texas, June 21 /PRNewswire-FirstCall/ — EF Johnson Technologies, Inc. (Nasdaq: EFJI) today announced that it has entered into an amendment to its merger agreement with an affiliate of Francisco Partners.  Under the terms of the amended merger agreement, an affiliate of Francisco Partners will acquire all of the outstanding shares of EF Johnson Technologies’ common stock for $1.50 per share in cash.  This is an increase of over 42% over the $1.05 per share cash purchase price contemplated by the parties’ original merger agreement previously announced on May 17, 2010.  EF Johnson Technologies’ Board of Directors unanimously approved the amended merger agreement.

“Our amended merger agreement with Francisco Partners provides increased all-cash premium value to our stockholders and reflects Francisco Partners’ strong commitment to the transaction,” said Michael E. Jalbert, Chairman of the Board and Chief Executive Officer of EF Johnson Technologies, Inc. “We are proud of the value we have delivered to our stockholders through this amended merger agreement, and are excited to work closely with Francisco Partners to complete the transaction as expeditiously as possible.”

In addition to increasing the cash purchase price, the amendment increases the termination fees payable under certain circumstances, increases the amount of allowable transaction expenses and amends certain representations and warranties contained in the merger agreement.  The transaction remains subject to customary closing conditions.  As in the original merger agreement, there is no financing condition to the obligations of Francisco Partners to consummate the transaction.

Raymond James & Associates, Inc. is acting as the Company’s financial advisor in connection with the transaction, and Haynes and Boone, LLP is acting as the Company’s legal counsel.  Shearman & Sterling LLP is acting as Francisco Partners legal counsel.

About EF Johnson Technologies, Inc.

Headquartered in Irving, Texas, EF Johnson Technologies, Inc. focuses on innovating, developing and marketing the highest quality secure communications solutions to organizations whose mission is to protect and save lives. The Company’s customers include first responders in public safety and public service, the federal government, and industrial organizations. The Company’s products are marketed under the EFJohnson, 3e Technologies International, and Transcrypt International names and are Made in America. For more information, visit http://www.EFJohnsonTechnologies.com.

About Francisco Partners

With approximately $5.0 billion of committed capital and offices in San Francisco and London, Francisco Partners is one of the world’s largest technology-focused private equity funds. The firm was founded to pursue structured investments in technology companies undergoing strategic, technological, and operational inflection points. Francisco Partners targets majority and minority investments in private companies, public companies, and divisions of public companies. The principals of Francisco Partners have a proven track record, having invested in excess of $4.0 billion of equity capital in over 50 technology companies. For additional information, visit www.franciscopartners.com.

Additional Information About the Transaction

In connection with the proposed transaction, EF Johnson Technologies will file a proxy statement and relevant documents concerning the proposed transaction with the Securities and Exchange Commission (SEC). The definitive proxy materials will contain important information regarding the merger, including, among other things, the recommendation of EF Johnson Technologies’ board of directors with respect to the merger. INVESTORS ARE URGED TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS THAT EF JOHNSON TECHNOLOGIES FILES WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND RELATED MATTERS. You will be able to obtain the proxy statement, as well as other filings containing information about EF Johnson Technologies, free of charge, at the website maintained by the SEC at www.sec.gov. Copies of the proxy statement and other filings made by EF Johnson Technologies with the SEC can also be obtained, free of charge, by directing a request to EF Johnson Technologies, Inc., 1440 Corporate Drive, Irving, Texas 75038, Attention: Investor Relations.

Participants in the Solicitation

The directors and executive officers of EF Johnson Technologies and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding EF Johnson Technologies’ directors and executive officers is available in its Annual Report on Form 10-K filed with the SEC on March 31, 2010, and its Form 10-K/A filed with the SEC on April 30, 2010. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Investors should read the proxy statement carefully when it becomes available before making any voting or investment decisions.

Cautionary Statement Regarding Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. One can identify these forward-looking statements by the use of the words such as “expect,” “anticipate,” “plan,” “may,” “will,” “estimate” or other similar expressions. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Actual results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation: the ability to obtain regulatory approvals of the acquisition on the proposed terms and schedule; the failure of EF Johnson Technologies’ stockholders to approve the acquisition; the risk that the acquisition may not be completed in the time frame expected by the parties or at all. Additional information regarding factors that may affect future results are described in EF Johnson Technologies’ filings with the Securities and Exchange Commission, including, without limitation, Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

All forward-looking statements speak only as of the date they were made. EF Johnson Technologies, Inc. does not undertake any obligation to update or publicly release any revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of the press release.

Uranium Energy Corp. (UEC) Discovers New Exploration Zone and Reports Strong Drill Results

Company Intersects 17.5 Feet Grading 0.54% U3O8 in New G-Sand Trend, Reports Results from Additional 101 Drill Holes Now Completed and Logged in Ongoing Exploration Program

NYSE Amex Equities Exchange Symbol – UEC

CORPUS CHRISTI, TX, June 22 /PRNewswire-FirstCall/ – Uranium Energy Corp (NYSE-AMEX: UEC, the “Company”) is pleased to announce ongoing success with the Company’s exploration drilling program at its Palangana project located in South Texas. The Company initiated a 215-hole drilling program in early February on six exploration zones, and reported the results from the first 87 holes on March 15. This release addresses results from the next 101 holes that have now been completed and logged and highlights results from the new and highly prospective G-sand trend.

This follows the Company’s news release dated June 15 which reported that, concurrent with the exploration drilling campaign, the Company has initiated the development and construction of the wellfield and the disposal well for the first production zone (Production Area 1 or PAA-1). The Palangana project is fully permitted for production. It is a prior-producing in-situ recovery (ISR) project located in the South Texas uranium belt approximately 100 miles south of the Company’s fully licensed Hobson processing plant. The plan is to produce and ship uranium-bearing resins from Palangana to Hobson starting in the fourth quarter this year for further processing into yellowcake.

The current exploration drilling program is addressing a newly developed G-sand trend that extends for 4.5 miles as well as the six known exploration zones where the Company has already established an NI 43-101-qualified Inferred resource of more than one-million pounds U3O8. A map of the production and exploration zones at Palangana is located here: http://uraniumenergy.com/_resources/Palangana-Area-Map.jpg

Amir Adnani, President and CEO, stated, “We are very pleased with the exploration results to date at Palangana. Clearly, the resource will increase. In addition to expansion and further delineation of the six known exploration trends, we are very excited by the preliminary discovery of the G-sand mineralization.”

Discovery of New G-Sand Trend

The new G-sand trend was recognized through detailed mapping of areas marginal to and down dip of the Palangana Dome rim, where roll front deposits of uranium are known to occur. This newly discovered trend is approximately 4.5 miles in length.

A total of 19 holes have been drilled and logged along this new trend, with 5 of the holes exhibiting grade-thickness (GT) values of 0.3 or higher. The Company considers these results very encouraging for a newly discovered area. Importantly, hole 2845 had an intercept of 17.5 feet of 0.541% U3O8, resulting in a GT value of 9.467. Hole 2832 had an intercept of 16 feet of 0.085% U3O8, resulting in a GT value of 1.360. GT is the length of the intercept measured in feet multiplied by the average percentage of U3O8 present. Company engineers estimate that zones with GT greater than 0.3 will be shown to be producible.

Drilling from Six Known Exploration Zones

An additional 82 holes have been drilled within the known exploration trends, primarily the Jemison Fence and Palangana East areas. Of these 82 holes, 14 had a grade-thickness product (GT) greater than 1.0 with the Prompt Fission Neutron (PFN) tool, and 33 of the 82 holes, or approximately 40%, had a GT greater than 0.3 with the PFN tool. Of the entire drilling program to date, nearly half of the 188 holes have intercepts with GT greater than 0.3. As noted above, Company engineers estimate that zones with GT greater than 0.3 will be shown to be producible. A properly calibrated PFN tool provides a reading that directly approximates the uranium content. The Palangana East trend was earlier known as the CC Brine trend.

The following table lists the results from the 14 drill holes where PFN logging shows intercepts with a GT greater than 1.0.

    -------------------------------------------------------------------------
             DRILL HOLE DESCRIPTION                       PFN LOG
    -------------------------------------------------------------------------
                                                                        GT -
                              Total   Depth in  Thickness   Grade      Grade
    Hole        Associated    Depth   Feet to       in       in %      times
    Number           Trend  of Hole  Intercept     Feet     cU3O8  Thickness
    -------------------------------------------------------------------------
    2815    Palangana East      420     358.5         8     0.716      5.728
    -------------------------------------------------------------------------
    2782    Palangana East      420     360.5         9     0.451      4.059
    -------------------------------------------------------------------------
    2763    Jemison Fence       380     346.5       5.5     0.412      2.266
    -------------------------------------------------------------------------
    2781    Palangana East      420       371      16.5     0.136      2.244
    -------------------------------------------------------------------------
    2807    Palangana East      420     381.5       4.5     0.491      2.209
    -------------------------------------------------------------------------
    2757    Palangana East      420       376         9     0.218      1.962
    -------------------------------------------------------------------------
    2785              Dome      320     258.5       7.5     0.236       1.77
    -------------------------------------------------------------------------
    2815    Palangana East      420     366.5         5       0.3        1.5
    -------------------------------------------------------------------------
    2831     Jemison Fence      400     347.5        10     0.144       1.44
    -------------------------------------------------------------------------
    2796    Palangana East      420       365       4.5     0.266      1.197
    -------------------------------------------------------------------------
    2773    Palangana East      360     286.5       6.5     0.171      1.111
    -------------------------------------------------------------------------
    2820              Dome      340       252        10      0.11        1.1
    -------------------------------------------------------------------------
    2765    Palangana East      320     294.5       8.5     0.126      1.071
    -------------------------------------------------------------------------
    2782    Palangana East      420       371         7     0.147      1.029
    -------------------------------------------------------------------------

    Moving Forward

Exploration drilling will continue through June to further define the new G-sand trend and to assess if the trend, or parts of the trend, will be producible through in-situ recovery methods. Detailed mapping of the entire Palangana Dome structure will continue, and new trends will be tested through drilling as they are identified. Evaluation of the former Union Carbide wellfields, as previously reported in the Company’s news release dated March 15, will also continue.

The Company will announce drill results as they become available, both in the exploration trend areas and the newly developed trend described above. Updated resource estimates will be provided at the conclusion of the drill program and prior to start-up of production in the fourth quarter of this year.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed by Andrew W. Kurrus, PG, Manager of Texas Exploration for the Company, a qualified person under policy NI 43-101.

About Uranium Energy Corp

Uranium Energy Corp (NYSE-AMEX: UEC) is a U.S.-based exploration and development company with the objective of near-term uranium production in the U.S. The Company’s fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the fully-permitted Palangana in-situ recovery project, and the Goliad in-situ recovery project which is in the final stages of mine permitting for production. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

    Stock Exchange Information:
    NYSE-AMEX: UEC
    Frankfurt Stock Exchange Symbol: U6Z
    WKN: AØJDRR
    ISN: US916896103

Notice to U.S. InvestorsThe mineral resources referred to herein have been estimated in accordance with the definition standards on mineral resources of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in NI 43-101 and are not compliant with U.S. Securities and Exchange Commission (the “SEC”) Industry Guide 7 guidelines. In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian regulations, are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Accordingly, we have not reported them in the United States. Investors are cautioned not to assume that any part or all of the mineral resources in these categories will ever be converted into mineral reserves. These terms have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. In particular, it should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability. It cannot be assumed that all or any part of measured mineral resources, indicated mineral resources or inferred mineral resources will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. Investors are cautioned not to assume that any part of the reported measured mineral resources indicated mineral resources or inferred mineral resources referred to in this news release and in the Technical Report are economically or legally mineable.

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

Banro (BAA) Ships Gold Plant from Australia and Signs Milestone Agreements

TORONTO, June 16 /CNW/ – Banro Corporation (“Banro” or the “Company”) (NYSE AMEX – “BAA”; TSX – “BAA”) is pleased to announce that the reconditioned gold processing plant, which the Company acquired in 2009 for re-assembly at its wholly-owned Twangiza gold project in the Democratic Republic of the Congo (the “DRC”), was shipped from Australia and is scheduled to arrive at the Port of Mombassa, Kenya in July. The plant will then be transported by truck in 140 forty-foot containers to the Twangiza site, where assembly will begin once civil construction for the plant has been completed. An additional set of containers, holding newly engineered components for the process plant, will be shipped to site from South Africa.

The Company remains on schedule to complete construction of the first phase of the Twangiza gold mine in the fourth quarter of 2011.

The Company is also pleased to announce that it has signed a Memorandum of Understanding (the “MOU”) with the Community of Luhwindja and a separate Agreement with the leadership of the Twangiza artisanal miners, which provides social and economic benefits to both communities and creates a partnership among the parties in support of the development of the Twangiza project. Participating in both signing ceremonies were the four South Kivu Ministers of Mines, Agriculture, Interior and Public Infrastructure, and the President of the Provincial Assembly. All four Ministries, together with the South Kivu Governor’s office, were active participants in overseeing the process leading up to the official signings. Among the other dignitaries and community leaders who participated in both the consultations and the ceremony were the Mwamikazi (Chief) of Luhwindja and the Chef de Poste of Burhinyi. Several local members of the Provincial Assembly also attended.

Under the terms of the MOU, the Banro Foundation, the Company’s registered DRC charity, will continue to invest as it has done since 2005 in major social infrastructure projects such as schools, health clinics, potable water projects, community facilities and roads and bridges, with the goal of continually enhancing the quality of life and economic opportunities for the thousands of people living in and near Luhwindja. The MOU also supports the Resettlement Program that is currently underway within the Community.

The Agreement with the artisanal miners provides employment for 875 people who are being assigned to various jobs associated with mine construction. An additional 400 former artisanal miners have chosen to participate in life and work skills training through local NGOs under the supervision of Banro and the Banro Foundation, with financial support from Banro. The Company is also funding a project under the Agreement to reintroduce 200 former artisanal child miners into the normal educational cycle.

These two agreements follow the official signing in January 2010 of the Resettlement and Compensation Agreement with the Community and the Provincial Government. This Agreement provides compensation for the families who are being relocated from the mine site to the nearby and newly built community of Cinjira at levels exceeding the compensation levels set out in the Mining Code of the DRC and the guidelines of the International Finance Corporation, an agency of the World Bank. The four South Kivu Ministries and the two Mwamis as noted above, as well as many other community leaders and representatives at different levels, participated in these earlier discussions and the January signing ceremony of the Resettlement and Compensation Agreement.

Banro is a Canadian-based gold exploration and development company focused on the development of four major, wholly-owned gold projects, each with mining licenses, along the 210 kilometre-long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the DRC. Led by a proven management team with extensive gold and African experience, the Company has commenced construction of “phase one” of its flagship Twangiza project. Banro’s strategy is to unlock shareholder value by increasing and developing its significant gold assets in a socially and environmentally responsible manner.

Cautionary Note Concerning Forward-Looking Statements

This press release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding future gold production and the future thereof and the Company’s exploration and development plans and objectives) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty of estimates of capital and operating costs, production estimates and estimated economic return; the possibility that actual circumstances will differ from the estimates and assumptions used in the Twangiza study and mine plan; failure to establish estimated mineral resources or mineral reserves (the mineral resource and mineral reserve figures for Twangiza are estimates and no assurances can be given that the indicated levels of gold will be produced); fluctuations in gold prices and currency exchange rates; inflation; gold recoveries for Twangiza being less than those indicated by the metallurgical test work carried out to date (there can be no assurance that gold recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production); changes in equity markets; political developments in the DRC; lack of infrastructure; failure to procure or maintain, or delays in procuring or maintaining, permits and approvals; lack of availability at a reasonable cost or at all, of plants, equipment or labour; inability to attract and retain key management and personnel; changes to regulations affecting the Company’s activities; the uncertainties involved in interpreting drilling results and other geological data; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s annual information form dated March 29, 2010 filed on SEDAR at http://www.sedar.com/ and EDGAR at http://www.sec.gov/. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

For further information

please visit our website at http://www.banro.com/, or contact: Martin Jones, Vice-President, Corporate Development, Toronto, Ontario, Tel: (416) 366-2221 or 1-800-714-7938

Magic Software (MGIC) Named to SD Times 100 in the SOA and Middleware Award Category

IRVINE, Calif., June 16 /PRNewswire-FirstCall/ — Magic Software Enterprises Ltd. (Nasdaq:MGIC – News), a global provider of on-premise and cloud-enabled application platform and business integration solutions, today announced it was named to the SD Times 100 in the SOA and Middleware award category. Magic Software was chosen by SD Times editors as an industry “top leader, innovator and influencer,” demonstrating its ability to set the agenda and advance state of the art technology in software development.

Since 2003, the SD Times 100 has evaluated companies based on their offerings, reputation and “buzz” from the industry. Editors chose Magic Software for its success and momentum in 2010 as a company that provides value to customers by simplifying the process of building and integrating business applications.

“The software development industry is led by innovative companies like Magic Software,” said Alan Zeichick, editorial director of BZ Media’s SD Times. “When choosing the 2010 SD Times 100, we carefully considered each organization’s products and services, reputation with software development managers, and the new ideas and thought leadership that it brings to the industry. Thanks to companies like Magic Software, a leader in on-premise and cloud-enabled application platform and business integration solutions, the art and science of software development continues to advance at a rapid pace.”

Tools that reduce the complexity of application development and business integration are critical to the success and return on investment associated with business processes. Magic Software’s uniPaaS application platform enables the development of on-premise and cloud applications from one development effort. It allows companies and developers to fully partake in the cloud market and stay on the edge of innovation. Using pre-compiled business logic, uniPaaS helps developers avoid coding mistakes and build, deploy and integrate using fewer resources.

Integrating with tools such as SAP ERP, Oracle JD Edwards, Microsoft SharePoint 2010, Google Docs, Lotus Notes, Microsoft Dynamics CRM, Salesforce.com, and HL7, Magic Software’s iBOLT helps companies maximize on the solutions’ intended productivity and collaboration capabilities.

“Being recognized in the SD Times 100 is another confirmation of our ongoing efforts to not only respond to the needs of software developers, but to lead conversations on hot topics that promote innovation in the industry,” said Regev Yativ, CEO and president of Magic Software Enterprises Americas. “Our products and services answer many of the issues currently at the forefront of developers’ minds, in particular, how to transform novel cloud technologies into real business revenues.”

Read the full SD Times 100 article here: http://www.sdtimes.com/go/2010sdt100.

Magic Software Resources

• uniPaaS Product Information
• iBOLT Product Information
• Magic Software Blog

About Magic Software

Magic Software Enterprises Ltd. (Nasdaq:MGIC – News) is a global provider of on-premise and cloud-enabled application platform solutions – including full client, rich internet applications (RIA), mobile or Software-as-a-Service (SaaS) modes – and business and process integration solutions. Magic Software has 13 offices worldwide and a presence in over 50 countries with a global network of ISVs, system integrators, value-added distributors and resellers, as well as consulting and OEM partners. The company’s award-winning, code-free solutions give partners and customers the power to leverage existing IT resources, enhance business agility and focus on core business priorities.  Magic Software’s technological approach, product roadmap and corporate strategy are recognized by leading industry analysts. Magic Software has partnerships with global IT leaders including SAP AG, salesforce.com, IBM and Oracle. For more information about Magic Software and its products and services, visit http://www.magicsoftware.com/, and for more about our industry-related news, business issues and trends, read the Magic Software Blog.

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

Magic is the trademark of Magic Software Enterprises Ltd. SAP, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. Microsoft SharePoint® and Microsoft Dynamics CRM are registered trademarks of Microsoft Corporation. Oracle, JD Edwards, JD Edwards World and JD Edwards EnterpriseOne are trademarks or registered trademarks of Oracle and/or its affiliates. All other trademarks are the trademarks of their respective owners.