Great Florida Bank’s (GFLB) Common Stock Regains Compliance With NASDAQ Minimum Bid Price

MIAMI LAKES, Fla., Jan. 27, 2010 (GLOBE NEWSWIRE) — Great Florida Bank (Nasdaq:GFLB – News), today announced it was notified on January 25, 2010 by The Nasdaq Stock Market (“NASDAQ”) that the Company’s common stock price is now in compliance with Listing Rule 5450 (a)(1). Great Florida Bank’s common stock (Nasdaq:GFLB – News) continues to trade on the NASDAQ Global Market.

ABOUT GREAT FLORIDA BANK

Great Florida Bank (Nasdaq:GFLB – News), headquartered in Miami Lakes, Florida was established on June 30, 2004 as a state-charted commercial bank. The Bank listed on the NASDAQ Global Market on December 5, 2007 and joined the prestigious American Bankers Association Community Bank Index in June 2008. On September 30, 2009, total assets were $1.7 billion, Tier 1 Capital was $114 million, and the Tier 1 Leverage ratio was 6.5%. The Bank operates twenty-eight (28) Solution Centers and two residential lending offices throughout Miami-Dade, Broward and Palm Beach Counties. Great Florida Bank is committed to providing ideas and solutions to its customers’ financial needs by conveniently delivering personalized, state-of-the-art products and services, such as GFB Mobile Banking for individual consumers and cash management clients and GFB Remote Deposit Capture for business customers, all in a relaxed environment. For more information, visit our website at www.greatfloridabank.com or call 305-514-6900 (toll-free 866). Member FDIC.

NIVS (NIV) to Offer GestureTek Mobile’s Award Winning Software for Mobile Phone Games

HUIZHOU, Guangdong, China, Jan. 22 /PRNewswire-Asia-FirstCall/ — NIVS IntelliMedia Technology Group, Inc., (“NIVS” or the “Company”) (NYSE Amex: NIV), a consumer electronics company that designs, manufactures and sells intelligent audio and visual products, today announced that the Company has entered into an agreement with China Potevio Co., Ltd., GestureTek’s authorized technology agent in China, for the application of GestureTek’s mobile phone technologies on the NIVS operations platform for the benefit of it’s mobile phone customers.

GestureTek’s award-winning Eyemo(TM) software enables touch-free user interfaces on camera-enabled handsets. GestureTek’s Momo(TM) engine uses a mobile device’s camera to track specific movements and objects within the camera’s field of view. The software can be delivered over the air or embedded on a camera-enabled device. Turnkey motion-controlled games and applications are also available on multiple platforms.

Mr. Tianfu Li, Chairman and CEO of NIVS, commented, “On behalf of our mobile phone customers we’re delighted to be able to offer GestureTek’s mobile phone technologies to enhance their experience and interaction with the NIVS brand of mobile phones. We look forward to offering a broad suite of GestureTek’s offerings to our customers.”

About China Potevio Co., Ltd.

China Potevio Co., Ltd. is a China based leading IT equipment manufacturer and service provider. It was born out of China Posts and Telecommunications Industry Corporation, which has a long history in China’s telecommunication industry. As a key state-owned enterprise under direct leadership of State- owned Assets Supervision and Administration Commission of the State Council (SASAC), China Potevio’s main business covers manufacture and trade business of telecom products, relevant technical research and services. Its industrial scale and strength plays a leading role in many industrial fields, such as communication system, terminal, auxiliary equipment, industrial application and value-added service. China Potevio owns several first-class national certifications and qualifications, including telecom project programming and designing, telecom engineering surveying, project contracting and telecom construction bidding and bid invitation, providing clients with credible products and services.

About NIVS IntelliMedia Technology Group, Inc.

NIVS IntelliMedia Technology Group is an integrated consumer electronics company that designs, manufactures, markets and sells intelligent audio and video products in China, Greater Asia, Europe, and North America. The NIVS brand has received “Most Popular Brand” distinction in China’s acoustic industry for three consecutive years, among numerous other awards. NIVS has developed leading Chinese speech interactive technology, which forms a foundation for the Company’s intelligent audio and visual systems, including digital audio, telecommunication, LCD televisions, digital video broadcasting (“DVB”) set-top boxes, peripherals and more.

Safe Harbor Statement

This release contains certain “forward-looking statements” relating to the business of the Company and its subsidiary companies. These forward looking statements are often identified by the use of forward looking terminology such as “believes, expects” or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including, but not limited to the Company’s ability to effectively integrate the operations and management of acquisition targets; the Company’s ability to timely deliver products; the Company’s ability to timely develop and market new products; the Company’s ability to continue to borrow and raise additional capital to fund its operations; the Company’s ability to accurately forecast amounts of supplies needed to meet customer demand; exposure to market risk through sales in international markets; the market acceptance of the Company’s products; exposure to product liability and defect claims; fluctuations in the availability of raw materials and components needed for the Company’s products; protection of the Company’s intellectual property rights; and changes in the laws of the PRC that affect the Company’s operations. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the discussed above and in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume an obligation to update these forward-looking statements.

MidSouth Bancorp, Inc. (MSL) Strategy Validated by Strength in Demand for Recent Common Stock Offering

LAFAYETTE, La., Jan. 22 /PRNewswire-FirstCall/ — MidSouth Bancorp, Inc.’s (“MidSouth”) (NYSE Amex: MSL) recent public offering of common stock, which was increased in size to accommodate strong investor demand, highlights the capital market’s interest in successful community banks such as MidSouth which are likely to play a more important industry role as Congress looks to reform the financial industry to address the causes of the current financial crisis uncovered by The Financial Crisis Inquiry Commission (“FCIC”) which held its first public hearings last week .

The net proceeds from the offering of $37.3 million will be used by MidSouth for ongoing and anticipated growth, which may include potential acquisition opportunities in Southeastern markets, as well as for general corporate purposes. “The overwhelming interest and successful results of this offering are very gratifying,” commented MidSouth’s President and Chief Executive Officer, C. R. “Rusty” Cloutier. “While our track record for sound banking got investors’ attention, it’s important to note that those savvy investors also see tremendous value in Louisiana’s and Texas’ economies compared with the rest of the nation.”

Mr. Cloutier, having previously addressed Congress on industry issues related to community banks, returned to Washington last week to speak with the FCIC on behalf of the Independent Community Bankers of America noted, “The work of the FCIC is important to help Congress pass meaningful financial reform to rein-in the financial behemoths and the shadow financial industry to ensure that a crisis like this will never happen again. There is a world of opportunity out there for community banks like MidSouth, who understand their customer’s needs and are working hard to ensure their access to credit.”

MidSouth will be reporting its financial results for the year ended December 31, 2009 on Thursday, January 28, 2010 after market hours.

About MidSouth Bancorp, Inc.

MidSouth Bancorp, Inc. is a bank holding company headquartered in Lafayette, Louisiana with assets of $948 million as of September 30, 2009. Through our wholly owned subsidiary, MidSouth Bank, N.A., we offer a full range of banking services to commercial and retail customers in south Louisiana and southeast Texas. MidSouth Bank has 35 locations in Louisiana and Texas and more than 50 ATMs.

Forward-Looking Statements Certain statements contained herein are 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 and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. These statements include, among others, statements regarding proposed regulatory reforms, the impact of any such reforms on MidSouth, and potential acquisitions. Actual results may differ materially from the results anticipated in these forward-looking statements. Factors that might cause such a difference include, among other matters, the timing and terms of regulatory changes, if any, changes in the economies of MidSouth’s market areas, MidSouth’s ability to identify acquisition targets and successfully complete any such acquisition; and other factors discussed under the heading “Risk Factors” in MidSouth’s Registration Statement on Form S-1/A filed with the SEC on December 9, 2009 and in its other filings with the SEC. MidSouth does not undertake any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or otherwise, except as required by law.

China ACM (CADC) Wins Xi’an High-Speed Railway Concrete Service Contract

BEIJING, Jan. 25 /PRNewswire-FirstCall/ — China Advanced Construction Materials Group, Inc. (Nasdaq: CADC), (“China ACM” or the “Company”) a leading provider of ready-mix concrete in China, today announced that the Company has signed a definitive contract to provide its ready-mix concrete service to the high-speed railway project between Xi’an and Ankang, the largest city in southern Shanxi Province.

China ACM will provide technical counseling for the production of 270,000 cubic meters of ready-mix concrete. Equipment for the portable mixers has arrived on site and production will commence in February 2010.  Duration of the project is estimated to be 20 months. Revenues for this contract are an estimated $3 million with an estimated $800,000 net income.

Among the 10 government-certified green concrete producers in China, only China ACM is gaining access to high-speed railway projects. The Company’s proprietary technologies and industrial byproduct recycling lowers cement consumption while providing high-quality, ready-mix concrete exceeding the industry standard for durability with greater salt-water resistance for environmentally friendly infrastructure materials.  The Company is currently involved in 11 on-going high-speed railway projects throughout the country including the highly anticipated high- speed railway from Beijing to Shanghai.

Mr. Xianfu Han, Chairman and Chief Executive Officer of China ACM, commented, “We believe the high-speed railway expansion, which enables the Chinese government’s plan to build out infrastructure in the interior of China, represents a $15 billion addressable market for concrete mixing services alone. ‘Green’ concrete products like ours will have sustainable growth, especially for government-sponsored projects, due to the government’s initiative and support to grow a low-carbon economy. Our track record in high-speed rail in many key locations and the signature architectures we have completed in Beijing, provide endorsements to help China ACM win more contracts in the Chinese high-speed rail market.”

The Company also announced that the preliminary unaudited revenues for the second quarter of fiscal year 2010, which ended on December 31, 2009, approximated $26 million, a 140% increase compared with the $10.8 million in the same quarter last year.

About China ACM

China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials.

China ACM provides materials and services through its six ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases three plants and has technical services and preferred procurement agreements with two other independently-owned plants.  China ACM is ISO 9001 (product quality), ISO 14001 (environmental safety), and ISO 18001 (employment environment safety) certified.  Additional information about the company is available at www.china-acm.com.

This press release contains “forward-looking statements” within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company’s Annual Report on Form 10K and in the Company’s recent report on Form 8K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

China ACM (CADC) Makes Addition to Management

BEIJING, Jan. 25 /PRNewswire-FirstCall/ — China Advanced Construction Materials Group, Inc. (Nasdaq: CADC), (“China ACM” or the “Company”) a leading provider of ready-mix concrete in China, today announced the appointment of Jeremy Goodwin, to assume the newly created position as President of China ACM, effective immediately. Mr. Goodwin has been a member of China ACM’s Board of Directors since October 4, 2008.  His main responsibilities will include assisting the CEO in procuring and deploying domestic contracts, as well as expanding the Company’s involvement in international projects, and strategic and financial partnerships going forward. Mr. Goodwin will also oversee the public company activities.

Jeremy Goodwin has extensive experience in advising multi-national and Asian companies on key corporate initiatives such as business expansion including mergers & acquisitions, project management, cash flow monitoring, equity and debt financings and restructurings. Mr. Goodwin has experience working with Chinese government agencies and various financial institutions.

In 2004, Mr. Goodwin co-founded Global Capital Group and later 3G Capital Partners the former group which successfully negotiated the $20M control acquisition by Mueller Industries of their Chinese Joint Venture partner.  Beginning in 1995, he worked with the private equity finance team at Mees Pierson Investment Finance S.A. in Geneva, Switzerland.  He also joined ABN Amro Bank in Beijing where he established the Global Clients desk representing multinational clients, and in 1999 Mr. Goodwin joined the ING Beijing Investment arm of Baring Private Equity Partners in Hong Kong, a joint venture between ING and the Beijing Municipal Government presided over by former Chinese Premier Zhu Rong Ji.

Mr. Goodwin received his Bachelor of Science from Cornell University in 1996 in conjunction with the Institute of Higher International Studies in Geneva, Switzerland. He pursued an advanced degree in Chinese affairs at Princeton University which he completed at the prestigious Nanjing Chinese Studies Center of the Johns Hopkins School of Advanced International Studies. He is fluent in Mandarin Chinese and French and has working knowledge of other Asian Languages.

Mr. Jeremy Goodwin stated, “As a Board member, I’ve developed extensive knowledge on the Company’s capabilities and its outlook.  I am pleased to join a highly capable and environmentally responsible management team whose achievements have helped build the Company to the forefront of the industry. With our proprietary products and industry position, we are positioned to build on our past progress and create greater value for our shareholders and for the environment.”

Mr. Xianfu Han, Chairman and Chief Executive Officer of China ACM, commented, “We have been impressed with Jeremy’s contributions as a Board member and we look forward  to further leveraging Mr. Goodwin’s considerable management and financial experience as well as his contacts both in China as well as internationally to assist China ACM achieve its strategic goals. Jeremy’s tasks will include focusing and executing our strategy, and help us deliver sustainable results to build shareholder value.”

About China ACM

China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials.

China ACM provides materials and services through its six ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases three plants and has technical services and preferred procurement agreements with two other independently-owned plants.  China ACM is ISO 9001 (product quality), ISO 14001 (environmental safety), and ISO 18001 (employment environment safety) certified.  Additional information about the company is available at www.china-acm.com.

This press release contains “forward-looking statements” within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company’s Annual Report on Form 10K and in the Company’s recent report on Form 8K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

PowerSecure (POWR) Announces Strong Start to 2010 Sales

WAKE FOREST, N.C.–(BUSINESS WIRE)–PowerSecure International, Inc. (Nasdaq: POWR – News) today announced a strong start to 2010 sales, with new business awards in late December and early January totaling approximately $35 million. This new business includes $15 million of contracts to install its smart grid Interactive Distributed Generation^® power systems at hospitals, data centers, retail sites, industrial facilities, and utilities, and $20 million of new business from major grocery and drug retailers for the Company’s EfficientLights^® LED lighting technology. The new Interactive Distributed Generation orders represent a broad-based pickup in demand for these systems, and the new EfficientLights orders continue the strong pace of adoption of this new technology by major retail chains. These new business awards are in addition to the landfill gas power system award announced on December 16, 2009.

The $15 million of new Distributed Generation business includes $11 million of project-based business and $4 million of recurring revenue contracts. The project-based business is expected to be completed, and revenue recognized, primarily during the first three quarters of 2010. The systems for the recurring revenue contracts are expected to be installed primarily in the first half of 2010, with associated revenues recognized over the life of the contracts ranging from 5-15 years. The $20 million of new EfficientLights revenue is expected to be recognized ratably throughout 2010.

The new Interactive Distributed Generation business also includes strong demand for PowerSecure’s NexGear^® switchgear, which is being utilized by a growing number of utility and industrial customers in an increasing number of electrical system applications because of its superior engineering and ability to be quickly deployed. Additionally, this new business includes the Company’s first major order for its PowerPackages medium speed engine technology (a capability the Company acquired in mid-2009), which provides a durable, efficient source of continuous power using natural gas as its primary fuel.

The new smart grid Interactive Distributed Generation power systems will be deployed in partnership with utilities to deliver more efficient power during peak electricity demand and provide standby power for the facilities they support. These systems will be electronically controlled by PowerSecure’s monitoring center 24×7, ensuring the delivery of more efficient power is optimized, and that standby power is always ready to support customers’ operations.

The EfficientLights LED-based lighting fixtures will be installed in refrigerated cases of grocery and drug store chains to improve the quality of light illuminating their products and reduce lighting energy costs by approximately 70%. The technology also reduces maintenance expense by extending light life five-fold over traditional lighting, lowers the stores’ carbon footprint, and eliminates mercury-containing fluorescent lights.

Sidney Hinton, CEO of PowerSecure, said, “We are extremely pleased with this strong start to the year. This accelerated pace of new business gives us confidence that the economy is beginning to improve, and business investment is beginning to increase. Importantly, the orders we received over the last several weeks provide us with a great foundation for 2010. We are energized, humbled, and eager to serve this fantastic group of customers investing in PowerSecure systems and efficiency products.”

About PowerSecure

PowerSecure International, Inc. is a leading provider of Energy and Smart Grid Solutions to electric utilities, and their commercial, institutional, and industrial customers, as well as Energy Services to the oil and natural gas industry. PowerSecure’s Energy and Smart Grid Solutions businesses provide products and services in the areas of Interactive Distributed Generation®, Utility Infrastructure, and Energy Efficiency. The Company is a pioneer in developing Interactive Distributed Generation® systems with sophisticated, proactive smart grid capabilities, including the ability to 1) forecast peak electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly power, 2) provide utilities with dedicated electric power generation assets for their demand response needs, and 3) provide customers with the most dependable standby power in the industry. PowerSecure also provides utilities with regulatory consulting, power system and transmission engineering and construction, and provides businesses with energy efficiency products and services, including its state-of-the art EfficientLights lighting solution for refrigerated cases. The Company provides Energy Services to the oil and natural gas industry through its Southern Flow and WaterSecure business units. Additional information is available at www.powersecure.com.

All forward-looking statements contained in this release are made within the meaning of and pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to statements concerning the outlook for the businesses discussed in this press release and the Company’s future revenues, earnings, margins, and other financial and operating information and data; the outlook for growing the Company through innovative energy management and conservation; business operations and prospects for the Company; the outlook for future gains in the Company’s revenues due to its business initiatives; the anticipated results of the Company’s products, solutions, and technologies; and all other statements concerning the plans, intentions, expectations, projections, hopes, beliefs, objectives, goals and strategies of management, including statements about other future financial and non-financial items, performance or events and about present and future products, services, technologies and businesses; and statements of assumptions underlying the foregoing. Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, those risks, uncertainties and other factors identified from time to time in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, as well as in subsequent filings with the Securities and Exchange Commission, including reports on Forms 10-Q and 8-K. Accordingly, there can be no assurance that the results expressed, projected or implied by any forward-looking statements will be achieved, and readers are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements in this press release speak only as of the date hereof and are based on the current plans, goals, objectives, strategies, intentions, expectations and assumptions of, and the information currently available to, management. The Company assumes no duty or obligation to update or revise any forward-looking statements for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise.

Libbey (LBY) Plans to Issue $400.0 Million of Senior Secured Notes to Refinance Existing Debt

TOLEDO, Ohio — Libbey Inc. (NYSE Amex: LBY) (“Libbey” or “Company”) announced today that its wholly owned subsidiary Libbey Glass Inc. (“Libbey Glass”) plans to issue $400.0 million aggregate principal amount of senior secured notes due 2015 (“Notes”) in a private placement. Libbey Glass intends to use the net proceeds from the sale of the Notes, together with cash on hand, to (i) repurchase its existing $306 million Floating Rate Senior Secured Notes due 2011 in a tender offer expected to launch on January 25, 2010, (ii) repay its $80.4 million Senior Subordinated Secured Payment-in-Kind Notes due 2021 and (iii) pay related fees and expenses.  The sale of the Notes is contingent upon the entry into a new $110 million senior secured asset-based revolving credit facility by Libbey Glass and its direct wholly owned subsidiary Libbey Europe B.V., as borrowers, and Libbey and certain of Libbey Glass’ existing and future subsidiaries as guarantors.

The Notes will be senior secured obligations of Libbey Glass and will be guaranteed by Libbey and all of Libbey Glass’ existing and future domestic subsidiaries that guarantee any of Libbey Glass’ indebtedness or any indebtedness of any subsidiary guarantor. The Notes and the guarantees of the Notes will be secured by first-priority liens on substantially all the owned property, plant and equipment in the United States of Libbey Glass, Libbey and the subsidiary guarantors and by second-priority liens on the tangible and intangible assets of Libbey Glass, Libbey and the domestic subsidiary guarantors that secure their obligations under the new credit facility described above, subject to certain exceptions.

The Notes, the Libbey guarantee of the Notes and the subsidiary guarantees of the Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements. The Notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Based in Toledo, Ohio, since 1888, the Company operates glass tableware manufacturing plants in the United States, Mexico, China, Portugal and the Netherlands.

This press release includes forward-looking statements as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements only reflect the Company’s best assessment at this time and are indicated by words or phrases such as “goal,” “expects,” ” believes,” “will,” “estimates,” “anticipates,” or similar phrases.  Investors are cautioned that forward-looking statements involve risks and uncertainty, that actual results may differ materially from such statements, and that investors should not place undue reliance on such statements. These forward-looking statements may be affected by the risks and uncertainties in the Company’s business. This information is qualified in its entirety by cautionary statements and risk factor disclosures contained in the Company’s Securities and Exchange Commission filings, including the Company’s report on Form 10-K filed with the Commission on March 16, 2009. Important factors potentially affecting performance include but are not limited to increased competition from foreign suppliers endeavoring to sell glass tableware in the United States and Mexico; the impact of lower duties for imported products; global economic conditions and the related impact on consumer spending levels; major slowdowns in the retail, travel or entertainment industries in the United States, Canada, Mexico, Western Europe and Asia, caused by terrorist attacks or otherwise; significant increases in per-unit costs for natural gas, electricity, corrugated packaging, and other purchased materials; higher indebtedness related to the Crisa acquisition; higher interest rates that increase the Company’s borrowing costs or volatility in the financial markets that could constrain liquidity and credit availability; protracted work stoppages related to collective bargaining agreements; increases in expense associated with higher medical costs, increased pension expense associated with lower returns on pension investments and increased pension obligations; devaluations and other major currency fluctuations relative to the U.S. dollar and the Euro that could reduce the cost competitiveness of the Company’s products compared to foreign competition; the effect of high inflation in Mexico and exchange rate changes to the value of the Mexican peso and the earnings and cash flow of Crisa, expressed under U.S. GAAP; the inability to achieve savings and profit improvements at targeted levels in the Company’s operations or within the intended time periods; and whether the Company completes any significant acquisition and whether such acquisitions can operate profitably.  Any forward-looking statements speak only as of the date of this press release, and the Company assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date of this press release.

Lodgian, Inc. (LGN) to be Acquired by Lone Star Funds

Jan. 22, 2010 (PR Newswire) —

 Contact: Debi Neary Ethridge Vice President, Finance & Investor Relations dethridge@lodgian.com (404) 365-2719 Lone Star Funds Contact: Ed Trissel / Jim Shaughnessy Joele Frank, Wilkinson Brimmer Katcher etrissel@joelefrank.com / jshaughnessy@joelefrank.com (212) 335-4449

Intuitive Surgical (ISRG) Announces Fourth Quarter Earnings

SUNNYVALE, Calif., Jan. 21, 2010 (GLOBE NEWSWIRE) — Intuitive Surgical, Inc. (Nasdaq:ISRG), the industry leader in surgical robotics, today reported fourth quarter of 2009 revenue of $323.0 million, up 40% compared with $231.5 million for the fourth quarter of 2008. Fourth quarter of 2009 revenue growth was driven by continued robotic procedure adoption and higher da Vinci Surgical System sales.

Fourth quarter of 2009 instruments and accessories revenue increased 39% to $113.3 million from $81.6 million in the fourth quarter of 2008. The growth in instruments and accessories revenue was primarily driven by growth in da Vinci surgical procedures of approximately 44%. Fourth quarter of 2009 systems revenue was $162.0 million, an increase of 42%, compared to $113.8 million during the fourth quarter of 2008. Fourth quarter of 2009 service revenue increased 32% to $47.8 million from $36.2 million during the fourth quarter of 2008, reflecting growth in the installed base of da Vinci Surgical Systems.

Fourth quarter of 2009 operating income increased to $128.4 million from $82.7 million during the fourth quarter of 2008. Operating results for the fourth quarter of 2009 included $25.0 million of non-cash stock-based compensation expense compared with $21.4 million for the fourth quarter of 2008.

Fourth quarter of 2009 net income was $77.6 million, or $1.95 per diluted share, compared with $50.8 million, or $1.27 per diluted share for the fourth quarter of 2008.

Revenue for the year ended December 31, 2009 totaled $1,052.2 million, increasing 20% from $874.9 million for the year ended December 31, 2008. Net income for the year ended December 31, 2009 was $232.6 million, or $5.93 per diluted share, compared to net income of $204.3 million, or $5.12 per diluted share for the year ended December 31, 2008.

Intuitive Surgical ended the fourth quarter of 2009 with cash, cash equivalents and investments of $1,172 million, up $148 million from the previous quarter.

Commenting on the announcement, Gary Guthart, President and CEO of Intuitive Surgical, said, “We are pleased with the performance of our team in the fourth quarter, our procedure growth, and as a consequence, our financial results. Led by outstanding patient outcomes, robotic surgery adoption with patients and the medical community at large continues to grow.”

The Company will also announce these results at a conference call today at 1:30 pm PST. The dial-in numbers for the call are 877-909-3508 for participants located in the United States and 517-645-6051 for participants located outside the United States. The passcode is ISRG and the meeting leader is Mr. Gary Guthart. To access financial information that will be discussed on the call, please visit Intuitive Surgical’s website at www.intuitivesurgical.com.

About Intuitive’s Products

Intuitive Surgical, Inc. (Nasdaq:ISRG), headquartered in Sunnyvale, California, is the global technology leader in robotic-assisted, minimally invasive surgery. Intuitive Surgical develops, manufactures, and markets robotic technologies designed to improve clinical outcomes and help patients return more quickly to active and productive lives. The Company’s mission is to extend the benefits of minimally invasive surgery to the broadest possible base of patients. Intuitive Surgical — Taking surgery beyond the limits of the human hand™.

About the da Vinci® Surgical System

The da Vinci® System is a breakthrough surgical platform designed to enable complex surgery using a minimally invasive approach. The da Vinci® System consists of an ergonomic surgeon console or consoles, a patient-side cart with four interactive robotic arms, a high-performance vision system and proprietary EndoWrist® instruments. Powered by state-of-the-art robotic and computer technology, the da Vinci® System is designed to scale, filter and seamlessly translate the surgeon’s hand movements into more precise movements of the EndoWrist® instruments. The net result is an intuitive interface with breakthrough surgical capabilities. By providing surgeons with superior visualization, enhanced dexterity, greater precision and ergonomic comfort, the da Vinci Surgical System makes it possible for more surgeons to perform minimally invasive procedures involving complex dissection or reconstruction. This ultimately has the potential to raise the standard of care for complex surgeries, translating into numerous potential patient benefits, including less pain, a shorter recovery and quicker return to normal daily activities.

Intuitive®, da Vinci®, da Vinci S®, da Vinci® Si™, InSite® and EndoWrist® are trademarks or registered trademarks of Intuitive Surgical, Inc.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are necessarily estimates reflecting the best judgment of our management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements should, therefore, be considered in light of various important factors, including the following: the impact of the global economic recession and tight credit market and related impact on health care spending; possible health care reform in the United States and its implications on hospital spending, reimbursement, and fees which may be levied on certain medical device companies; timing and success of product development and market acceptance of developed products; regulatory approvals, clearances and restrictions; guidelines and recommendations in the health care and patient communities; intellectual property positions and litigation; competition in the medical device industry and in the specific markets of surgery in which Intuitive Surgical operates; unanticipated manufacturing disruptions; delays in regulatory approvals of new manufacturing facilities or the inability to meet demand for products, the results of the year end audit, and the other factors under the heading “Risk Factors” in our report on Form 10-K for the year ended December 31, 2008, as updated from time to time by our quarterly reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Statements concerning forecasts, revenue growth, procedure growth, future financial results, and statements using words such as “estimate”, “project”, “plan”, “intend”, “expect”, “anticipate”, “believe” and similar expressions are intended to identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

Conexant (CNXT) Exceeds Guidance for First Quarter of Fiscal 2010

Jan. 21, 2010 (Business Wire) — Conexant Systems, Inc. (NASDAQ: CNXT) today announced that financial results for the first quarter of fiscal 2010 exceeded guidance provided at the beginning of the quarter. In addition, the company said that it delivered core gross margins of 61 percent of revenues, core operating margins of approximately 22 percent of revenues, and core earnings of $0.17 per share. Both margin rates were the highest in company history.

First Fiscal Quarter Financial Results

Conexant presents financial results based on Generally Accepted Accounting Principles (GAAP) as well as select non-GAAP financial measures intended to reflect its core results of operations. The company believes these core financial measures provide investors with additional insight into its underlying operating results. Core financial measures exclude certain non-cash and other non-core items as fully described in the GAAP to non-GAAP reconciliation in the accompanying financial data.

For the first quarter of fiscal 2010, Conexant’s revenues were $61.8 million. Core gross margins were 61 percent of revenues. Core operating expenses were $24.2 million, core operating income was $13.5 million, and core net income was $10.0 million, or $0.17 per share.

On a GAAP basis, net revenues for the first quarter of fiscal 2010 were $61.8 million. GAAP gross margins were 61 percent of revenues. GAAP operating expenses were $26.4 million. GAAP net income including discontinued operations was $8.3 million, or $0.14 per diluted share.

The company ended the quarter with $59.1 million in cash and cash equivalents, compared to $125.4 million in the previous quarter. During the first fiscal quarter, the company used approximately $62 million to retire the remainder of its senior secured notes due in November 2010, and $28.7 million to satisfy an expired accounts receivable credit facility. The company also strengthened its balance sheet during the quarter by exchanging equity for $17.6 million of convertible notes and established a new accounts receivable credit facility in the amount of $15 million.

Financial Performance and Business Perspective

“For the first fiscal quarter, the Conexant team again delivered performance that exceeded our expectations on all financial metrics,” said Scott Mercer, Conexant’s chairman and chief executive officer. “First fiscal quarter revenues of $61.8 million were better than the $60 million we anticipated entering the quarter and increased 10 percent from fourth fiscal quarter revenues of $56.2 million. First quarter core gross margin of 61 percent was better than the 60 percent we expected and 80 basis points higher than core gross margin of 60.2 percent in the previous quarter. Core operating expenses of $24.2 million were lower than the approximately $25 million we anticipated and compared to $25 million in the fourth fiscal quarter. Core operating income of $13.5 million was approximately 22 percent of revenues, was above the approximately $11 million we expected, and compared to $8.8 million in the prior quarter. Core net income was $10 million, or $0.17 per share, rather than the $0.11 per share we anticipated entering the quarter.

“As a percentage of revenue, our first fiscal quarter core gross margin and core operating margin were both the highest in company history,” Mercer said. “With stable core gross margin rates and our continuing focus on controlling core operating expenses, our bottom-line financial performance moving forward will be primarily determined by our ability to increase revenues. We plan to grow by capturing market share with existing designs and delivering new products for imaging, audio, embedded modem, and video surveillance applications. In addition, we plan to apply our core capabilities in analog and mixed-signal design and firmware and software development to capitalize on new opportunities in adjacent markets.”

Second Fiscal Quarter Business Outlook

Conexant expects revenues for the second quarter of fiscal 2010 to be $60 million to $61 million. Core gross margins are expected to be about 61 percent of revenues. The company anticipates that core operating expenses will be approximately $25 million. As a result, the company expects that second fiscal quarter core operating income will range between $11.6 million and $12.5 million, with core net income of $0.13 to $0.14 per share based on approximately 66 million shares outstanding.

Conference Call Today

Financial analysts, members of the media, and the public are invited to participate in a conference call that will take place today at 5:00 p.m. Eastern Time (ET)/ 2:00 p.m. Pacific Time (PT). Conexant senior management will discuss first quarter fiscal 2010 financial results and the company’s outlook. To listen to the conference call via telephone, dial (866) 650-4882 (in the U.S. and Canada) or (706) 679-7338 (from other international locations); participant pass code: Conexant; Conference ID number: 50399367.

To listen via the Internet, visit the Investor Relations section of Conexant’s Web site at http://ir.conexant.com. Shortly after the call concludes, a playback of the call will be accessible on Conexant’s Web site at www.conexant.com or by calling (800) 642-1687 (U.S. and Canada) or (706) 645-9291 (other international locations); conference ID: 50399367.

About Conexant

Conexant’s comprehensive portfolio of innovative semiconductor solutions includes products for imaging, audio, embedded-modem, and video applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. For more information, visit www.conexant.com

Safe Harbor Statement

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions, or goals are also forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, but are not limited to: the ability to cause our shelf registration to be declared effective by the SEC; the risk that capital needed for our business and to repay our indebtedness will not be available when needed; the cyclical nature of the semiconductor industry, which is subject to significant downturns that may negatively impact our business, financial condition, cash flow, and results of operations; the cyclical nature of the markets addressed by our products and our customers’ products; volatility in the technology sector and the semiconductor industry; the financial risks of default by tenants and subtenants in the space we own or lease; intellectual property; our successful development of new products; the timing of our new product introductions and our product quality; demand for and market acceptance of our new and existing products; our ability to anticipate trends and develop products for which there will be market demand; product obsolescence; changes in our product mix; pricing pressures and other competitive factors; our ability to timely develop and implement new technologies and to obtain protection for the related the ability of our customers to manage inventory; our ability to identify and execute acquisitions, divestitures, mergers or restructurings, as deemed appropriate by management; the availability of manufacturing capacity; the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology, and the demands it may place on the time and attention of our management and the expense it may place on our company; general economic and political conditions and conditions in the markets we address; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

Note 1 – Special charges consist primarily of restructuring charges. Special charges in the fiscal quarter ended January 2, 2009 also include a $3.25 million charge related to a legal settlement.

Note 2 – Effective October 3, 2009 we adopted FSP APB 14-1, which changed the method of accounting for our convertible notes. In addition, as required, we revised our previously reported financial statements to retrospectively apply this change in accounting to prior periods. Under this new method of accounting, the debt and equity components of our convertible notes are bifurcated and accounted for separately. The equity components of our convertible notes are included in Stockholders’ equity in our Condensed Consolidated Balance Sheets with a corresponding reduction in the carrying values of our convertible notes as of the date of issuance or modification, as applicable. The reduced carrying values of our convertible notes are being accreted back to their principal amounts through the recognition of non-cash interest expense. This results in recognizing interest expense on these borrowings at effective rates approximating what we would have incurred had we issued nonconvertible debt with otherwise similar terms. In connection with applying this new accounting to current and prior periods, we recorded $3.4 million, $3.5 million and $3.3 million of additional non-cash interest expense in the fiscal quarters ended January 1, 2010, October 2, 2009 and January 2, 2009, respectively.

GAAP to Non-GAAP Core Adjustments:

(a) Stock-based compensation expense is based on the fair value of all stock options and employee stock purchase plan shares in accordance with SFAS No. 123(R).

(b) Amortization of intangible assets resulting from business combinations.

(c) Gain on sale of intellectual property which is not part of our core, on-going operations.

(d) Asset impairments in the fiscal quarter ended October 2, 2009 consist primarily of $5.0 million for impairment of a patent license with Freescale.

(e) Special charges consist primarily of restructuring charges. Special charges in the fiscal quarter ended January 2, 2009 also include a $3.25 million charge related to a legal settlement.

(f) The fiscal quarters ended January 1, 2010 and October 2, 2009 include the impact of environmental remediation charges. The fiscal quarter ended January 2, 2009 includes the impact of environmental remediation charges and a charge to inventory acquired through the purchase of the “SigmaTel” multifunction printer imaging product lines.

(g) Unrealized gain and loss associated with the change in the fair value of our warrant to purchase 6.1 million shares of Mindspeed Technologies, Inc. common stock, which is accounted for as a derivative instrument.

(h) Gain on sale of equity securities and on the liquidation of companies in which we held equity securities.

(i) Losses from other than temporary impairment of marketable securities and cost based investments.

(j) Consists of a $0.6 million loss incurred on extinguishment of our floating rate senior secured notes and a loss of $0.5 million on exchange of convertible subordinated notes with a face value of $17.6 million.

(k) Loss incurred upon termination of our interest rate swap in connection with repurchase of $80.0 million of floating rate senior secured notes.

(l) Loss on equity method investments.

(m) Consists of non-cash interest expense resulting from the amortization of debt discount and debt issuance costs of $3.4 million, $3.5 million and $3.3 million in the fiscal quarters ended January 1, 2010, October 2, 2009 and January 2, 2009, respectively.

(n) Other interest expense which is not part of our on-going operations. For the fiscal quarter ended January 1, 2010 the adjustment consists of $1.7 million expense from the termination of our interest rate swap, $0.6 million of accelerated amortization of debt issuance costs related to the repurchase of $61.4 million of floating rate senior notes and $0.1 million related to accelerated amortization of debt issuance costs related to the exchange of convertible subordinated notes. For the fiscal quarter ended October 2, 2009, the adjustment consists of the accelerated amortization of debt issuance costs related to the repurchase of $80.0 million of floating rate senior notes.

Non-GAAP Financial Measures:

We have presented non-GAAP net revenues, non-GAAP cost of goods sold, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP interest expense, non-GAAP other expense (income), non-GAAP income (loss) from continuing operations and non-GAAP basic and diluted income (loss) per share from continuing operations, on a basis consistent with our historical presentation to assist investors in understanding our core results of operations on an on-going basis. These non-GAAP financial measures also enhance comparisons of our core results of operations with historical periods. We are providing these non-GAAP financial measures to investors to enable them to perform additional financial analysis and because it is consistent with the financial models and estimates published by analysts who follow our company. Management believes that these are important measures in the evaluation of our results of operations. Investors should consider non-GAAP financial measures in addition to, and not as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. The non-GAAP financial measures presented by us may be different than non-GAAP financial measures presented by other companies.

GAAP Guidance:

We do not present GAAP guidance due to our inability to project (i) future market prices of the common stock of a third party underlying a derivative financial instrument, (ii) realized gains or losses from the sale of equity securities in third parties, and (iii) the financial results of investments accounted for using the equity method of accounting.

Data from TNFerade(TM) Esophageal Cancer Study Presented at 2010 ASCO Gastrointestinal Cancer Symposium

GAITHERSBURG, Md. — GenVec, Inc. (Nasdaq: GNVC) announced today that data from the Company’s trial in esophageal cancer were presented at the American Society of Clinical Oncology’s 2010 Gastrointestinal Cancer Symposium in Orlando, Florida on January 22, 2010.

The poster, titled, “Long term survival analysis of multicenter clinical trial using endoscopy (END) and endoscopic ultrasound (EUS) guided fine needle injection (FNI) of antitumor agent (TNFerade Biologic (TNF)) in patients with locally advanced esophageal cancer,” reports on updated efficacy and survival data. In the 24 patients receiving TNFerade in combination with chemoradiation, the median survival was 47.7 months.  Median survival from other historical clinical trials in similar stage disease ranged from 9.7 to 34 months.

Research presented in the poster received a prestigious ASCO Foundation Merit Award. In addition, the poster received focused attention at the oral review session on esophageal cancer on January 22, 2010.

“This symposium brings together the greatest thought leaders in this area of oncology and we are pleased to be presenting this analysis at this event,” stated Mark Thornton, Ph.D., GenVec’s Senior Vice President of Product Development. “The encouraging increases in survival versus historical controls will warrant additional evaluation.”

The presented poster is available on GenVec’s website, www.genvec.com. To view the poster, click on “Investor Relations” then “Webcasts and Data.”

About GenVec

GenVec, Inc. is a biopharmaceutical company developing novel therapeutic drugs and vaccines. GenVec’s lead product, TNFerade™, is currently in a pivotal clinical study (PACT) in locally advanced pancreatic cancer. TNFerade has also been and is currently being evaluated for its potential use in the treatment of several other cancers, including esophageal cancer, rectal cancer, and head and neck cancer. GenVec also uses its proprietary adenovector technology to develop vaccines for infectious diseases including influenza, HIV, malaria, foot-and-mouth disease, respiratory syncytial virus (RSV), and HSV-2. Additional information about GenVec is available at www.genvec.com and in the company’s various filings with the Securities and Exchange Commission.

Statements herein relating to future financial or business performance, conditions or strategies and other financial and business matters, including expectations regarding future revenues and operating expenses, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act.  GenVec cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time.  Factors that may cause actual results to differ materially from the results discussed in the forward-looking statements or historical experience include risks and uncertainties, including the failure by GenVec to secure and maintain relationships with collaborators; risks relating to the early stage of GenVec’s product candidates under development; uncertainties relating to clinical trials; risks relating to the commercialization, if any, of GenVec’s proposed product candidates; dependence on the efforts of third parties; dependence on intellectual property; and risks that we may lack the financial resources and access to capital to fund our operations.  Further information on the factors and risks that could affect GenVec’s business, financial conditions and results of operations, are contained in GenVec’s filings with the U.S. Securities and Exchange Commission (SEC), which are available at www.sec.gov.  These forward-looking statements speak only as of the date of this press release, and GenVec assumes no duty to update forward-looking statements.

LightPath Technologies (LPTH) Announces Fiscal 2010 Preliminary Second Quarter Comments

ORLANDO, FL — (Marketwire) — 01/21/10 — LightPath Technologies, Inc. (NASDAQ: LPTH), manufacturer and integrator of families of precision molded aspheric optics, precision molded infrared optics, GRADIUM® glass products, and high-performance fiber-optic collimators and isolators, reported today that projected results for its second quarter of fiscal 2010 include:

Second Quarter Highlights:

--  Backlog scheduled to ship within the next 12 months is $4.0 million, an
    increase of $900,000 or 29% as compared to the backlog of $3.1 million on
    December 31, 2008 and an increase of $1.7 million or 74% as compared to the
    backlog on June 30, 2009.
--  Cash on hand as of December 31, 2009 was $906,000 as compared to $524,000
    on December 31, 2008 and $580,000 on June 30, 2009.
--  Revenue for the second quarter of fiscal 2010 was $2.2 million compared
    to $1.9 million for the same period in fiscal 2009 and up $600,000 or 38%
    from the previous quarter.

Jim Gaynor, President and Chief Executive Officer of LightPath, commented, “During the second quarter of fiscal 2010 we saw for the second consecutive quarter a significant increase in our backlog. We also experienced revenue growth of 38% over the previous quarter. The order strength continues to come from our work in the Asian markets in industrial laser tools and telecom applications.”

LightPath will host a conference call on Thursday, February 4, 2010 at 4:00 p.m. Eastern Standard Time to discuss the Company’s financial and operational results for the Second Quarter 2010.

Conference Call Details
Date: Thursday, February 4, 2010
Time: 4:00 p.m. (EST)
Dial-in Number: 1-877-407-8033
International Dial-in Number: 1-201-689-8033
It is recommended that participants phone-in approximately 5 to 10 minutes
prior to the start of the 4:00 p.m. call. A replay of the conference call
will be available approximately 3 hours after the completion of the call
until February 11, 2010. To listen to the replay, dial 1-877-660-6853 if
calling within the U.S. and 1-201-612-7415 if calling internationally and
enter the account # 286 and the conference ID 342881.

The call is also being webcast and may be accessed at the call organizer website of PrecisionIR at www.precisionir.com.

About LightPath Technologies

LightPath manufactures optical products including precision molded aspheric optics, GRADIUM® glass products, proprietary collimator assemblies, laser components utilizing proprietary automation technology, higher-level assemblies and packing solutions. LightPath has a strong patent portfolio that has been granted or licensed to us in these fields. LightPath common stock trades on the Nasdaq Capital Market under the stock symbol LPTH. For more information visit www.lightpath.com

This news release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.

GRADIUM® is a registered trademark of LightPath Technologies

Gastar Exploration (GST) Announces Results From First Marcellus Vertical Well

HOUSTON, Jan. 21 /PRNewswire-FirstCall/ — Gastar Exploration Ltd. (NYSE Amex: GST) is pleased to announce that its first vertical Marcellus well, the James Yoho #1, has been tested at a stabilized gross rate of 1.5 million cubic feet of natural gas per day and 120 barrels of condensate per day with no water production and approximately 1000 psi of flowing tubing pressure.  The well was drilled in the Green District of Wetzel County, West Virginia.  The well has been shut in pending the finalization of gas gathering and gas processing arrangements.  Gastar holds a 100% working interest (81.5% net revenue interest) in the well and has acquired a total of approximately 36,000 net acres in northern West Virginia and southwestern Pennsylvania.

J. Russell Porter, Gastar’s President and Chief Executive Officer, said, “These results are very encouraging and confirm Gastar’s belief that thinner portions of the Marcellus Shale are capable of yielding excellent results.  The James Yoho #1 encountered approximately 46 feet of Marcellus Shale and was completed with a single stage frac.  Our longer term development plan for Gastar’s Marcellus Shale assets will be orientated towards horizontal development, but this well demonstrates that excellent results can be achieved with vertical drilling in the Marcellus Shale.”

About Gastar Exploration

Gastar Exploration Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America.  The Company pursues a strategy combining deep natural gas exploration and development with lower risk CBM and shale resource development.  The Company owns and operates exploration and development acreage in the deep Bossier gas play of East Texas and Marcellus Shale play in West Virginia and Pennsylvania.  Gastar’s CBM activities are conducted within the Powder River Basin of Wyoming.  For more information, visit our web site at www.gastar.com.

Plexus (PLXS) Reports Fiscal First Quarter Revenue of $430 Million and EPS of $0.44

Jan. 20, 2010 (PR Newswire) —

OmniAmerican Bancorp (OABC) Celebrates First Day of Trading on NASDAQ

FORT WORTH, Texas, Jan. 21, 2010 (GLOBE NEWSWIRE) — OmniAmerican Bancorp (Nasdaq:OABC), the newly-created holding company for Fort Worth-based OmniAmerican Bank, announced today that it opened stock trading on the NASDAQ Global Market following the closure of an initial public offering that closed at the adjusted maximum of the offering range and generated gross proceeds of $119,025,000.

“The overwhelming response to our initial public offering has been very encouraging and, in light of the current economic conditions, is a testament to the faith that our members have in the OmniAmerican leadership team,” said Tim Carter, president and CEO of OmniAmerican Bank. “We are excited to provide our depositors a chance to share in the ownership of our institution and look forward to using this revenue to grow and create new opportunities for customers and employees.”

Members of OmniAmerican Bank approved a Plan of Conversion on January 15, 2010, allowing the Bank to proceed with the conversion and stock offering. OmniAmerican Bancorp’s initial subscription offering sold 11,902,500 shares of common stock at $10.00 per share to eligible account holders, depositors as of March 31, 2008, of OmniAmerican Bank.

The offering and conversion were managed by Keefe, Bruyette & Woods, Inc. Luse Gorman Pomerenk & Schick, P.C., Washington D.C., served as special counsel to OmniAmerican Bank.

OmniAmerican Bank’s financial advisor and marketing agent, Keefe, Bruyette & Woods, Inc., has reviewed all orders and has posted allocation information. Consistent with information on a subscriber’s Receipt of Order, allocation information can be obtained at https://allocations.kbw.com.

OmniAmerican Bank is a federally chartered savings bank headquartered in Fort Worth, Texas. Originally chartered in 1956 as a federal credit union serving the active and retired military personnel of Carswell Air Force Base, the institution completed its conversion from a credit union to a federal mutual savings bank on January 1, 2006 and completed its conversion from mutual to stock form on January 20, 2010.

About OmniAmerican Bancorp

OmniAmerican Bancorp is traded under the NASDAQ Global Market under the symbol “OABC” and is the holding company for OmniAmerican Bank, a full-service financial institution headquartered in Fort Worth, Texas. OmniAmerican Bank operates 16 full-service branches in the Dallas/Fort Worth Metroplex and offers a full array of consumer products and services plus business/commercial services, mortgages and retirement planning. Founded over 50 years ago, OmniAmerican has grown to manage assets over $1 billion, providing the highest level of personal service. Electronic banking and additional information are available at www.OmniAmerican.com.

The OmniAmerican Bancorp, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7008

This release contains certain “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” and “potential.” Forward-looking statements are subject to various factors which could cause actual results to differ materially from these estimates. These factors include, but are not limited to, general economic and market conditions, legislative and regulatory conditions, changes in interest rates that adversely affect OmniAmerican Bank’s interest rate spread, changes in deposit flows, loan demand or real estate values and other economic, governmental, competitive, regulatory and technological factors that may affect OmniAmerican Bank’s operations.

Hanmi Financial Corp. (HAFC) to Release Fourth-Quarter Results on January 28, 2010

Jan. 21, 2010 (Business Wire) — Hanmi Financial Corporation (Nasdaq:HAFC) will release financial results for the fourth quarter and fiscal year ended December 31, 2009 before the market opening on Thursday, January 28, 2010.

The Company will also hold a teleconference beginning at 10:30 a.m. PST (1:30 p.m. EST) on January 28 to review the Company’s operating results. To participate in the teleconference, approximately 10 minutes before the start time dial toll-free 866-383-7989 (or 617-597-5328 for international callers) and provide the teleconference passcode 56962431.

You may also listen to the teleconference live via the Internet at www.hanmi.com or at www.earnings.com. For those unable to attend, these web sites will host an archive of the call.

A telephone playback will be available beginning at 1:30 p.m. PST on January 28 through 9:00 p.m. PST on February 4. The playback can be accessed by calling 888-286-8010 (or 617-801-6888 for international callers) and providing passcode 86268503.

About Hanmi Financial Corporation

Headquartered in Los Angeles, Hanmi Bank, a wholly owned subsidiary of Hanmi Financial Corporation, provides services to the multi-ethnic communities of California, with 27 full-service offices in Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara and San Diego counties, and a loan production office in Washington state. Hanmi Bank specializes in commercial, Small Business Administration (“SBA”) and trade finance lending, and is a recognized community leader. Hanmi Bank’s mission is to provide a full range of quality products and premier services to its customers and to maximize shareholder value. Additional information is available at www.hanmi.com.

CPI Aerostructures (CVU) 2009 New Contract Awards Approximated $23.4 Million

EDGEWOOD, N.Y.–(BUSINESS WIRE)–CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) today announced that 2009 new contract awards approximated $23.4 million. Of this amount, approximately $10.6 million, $6.9 million and $5.8 million were government prime contract awards, government subcontract awards and commercial subcontract awards, respectively.

As reported last month, CPI Aero received two contracts from Lockheed Martin Corporation to produce aircraft structural assemblies for the U.S. Navy’s P-3 “Orion” aircraft. With other orders and Spirit AeroSystems contract adjustments for the Gulfstream G650 business jet, fourth quarter awards added $8.4 million to the $15.0 million of new orders as of September 30, 2009.

Edward J. Fred, CPI Aero’s CEO & President, noted, “It is important to note that although the total new orders for 2009 as a whole, were down considerably from 2008’s record level of $55.4 million, orders in the fourth quarter were significantly higher compared to the previous quarters of the year, a trend which we hope continues in 2010. These orders include work on multi-year programs with significant option and follow-on potential.”

He went on to say, “We expect 2010 to be another year of growth and we plan to issue our guidance when we announce results for the 2009 fourth quarter and year.”

About CPI Aero

CPI Aero is engaged in the contract production of structural aircraft parts for leading prime defense contractors, the U.S. Air Force, and other branches of the armed forces. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the UH-60 BLACK HAWK helicopter, the Sikorsky S-92 helicopter, the MH-60S mine countermeasure helicopter, the E-2D Hawkeye, the Gulfstream G650, C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, and the E-3 Sentry AWACS jet. CPI Aero is included in the Russell Microcap® Index.

The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero’s SEC reports, including CPI Aero’s Form 10-K for the year ended December 31, 2008, and Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 30, 2009.

CPI Aero^® is a registered trademark of CPI Aerostructures, Inc.

Conmed Healthcare Management (CONM) Signs $16 Million Multi-year Agreement

HANOVER, Md.–(BUSINESS WIRE)–Conmed Healthcare Management, Inc. (NYSE Amex: CONM), a leading full service provider of correctional facility healthcare services to county detention centers, today announced that it has signed an agreement with Clark County, Washington, a new customer, to provide medical services for individuals detained at three county facilities. The contract is for an initial two-year term and Clark County has the option to exercise four one-year extensions. The initial annual revenue of the contract is approximately $2.5 million and with anticipated price increases the contract is projected to generate approximately $16.0 million throughout the full six-year term. Services include staffing, pharmacy services, laboratory services, mental health services, and emergency room services.

“We are excited about the opportunity to serve Clark County as we continue to expand our footprint in the Pacific Northwest,” stated Richard Turner, Chairman and Chief Executive Officer of Conmed Healthcare Management. “Clark County represents a significant expansion for us within this region. Our reputation for quality, value, and reliability of services that we deliver to customers remains critical to our ability to compete for and win new contracts in each of the regional markets that we pursue. More and more, we believe county correctional facilities are recognizing us as the provider of choice for quality, fully-compliant healthcare services. This contract represents a wonderful start to this year for Conmed and the opportunity to serve another county in the state of Washington.”

The total inmate population is approximately 700, including approximately 50 juveniles in the (separate) Juvenile Detention Facility, and the contract is slated to go effective as of February 1, 2010.

Clark County

Named for Captain William Clark of Lewis and Clark Expedition fame, Clark County is one of the fastest growing regions in the state of Washington and in the Portland, Oregon, metropolitan region. Clark County is located in the southwestern part of the state of Washington across the Columbia River from Portland, Oregon. Today, more than 400,000 people live in Clark County. It was created by the provisional government of the Oregon Territory on August 20, 1845, and at that time covered the entire present-day state. Its county seat is Vancouver, which is also its largest city.

About Conmed Healthcare Management Inc.

Conmed has provided correctional healthcare services since 1984, beginning in the State of Maryland, and currently serves county and municipal correctional facilities in thirty-six counties in seven states, including Arizona, Kansas, Maryland, Oklahoma, Oregon, Virginia and Washington. Conmed’s services have expanded to include mental health, pharmacy and out-of-facility healthcare services.

Forward Looking Statements

This press release may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements with respect to the Company’s plans, objectives, expectations and intentions; and (ii) other statements that are not historical facts including statements which may be identified by words such as “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “projects,” “potentially,” or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control) including, without limitation, the Company’s ability to increase revenue and to continue to obtain new contracts, contract renewals and extensions.; the ability to obtain bonds; decreases in occupancy levels or disturbances at detention centers; malpractice litigation; the ability to utilize third party administrators for out-of-facility care; compliance with laws and government regulations, including those relating to healthcare; competition; termination of contracts due to lack of government appropriations; material adverse changes in economic and industry conditions in the healthcare market; negative publicity regarding the provision of correctional healthcare services; dependence on key personnel and the ability to hire skilled personnel; increases in healthcare costs; insurance; completion and integration of future acquisitions; public company obligations; and stock price volatility. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission, including Amendment No. 1 to the Company’s Annual Report on Form 10-K/A filed with the SEC for the fiscal year ended December 31, 2008. Investors and security holders are urged to read this document free of charge on the SEC’s web site at www.sec.gov. The Company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

FCC Grants TerreStar (TSTR) ATC Authority

RESTON, Va., Jan. 14 /PRNewswire/ — On January 13, 2010, the Federal Communications Commission (FCC) granted TerreStar Networks Inc. (TerreStar), a majority-owned subsidiary of TerreStar Corporation (Nasdaq: TSTR), authority to integrate terrestrial use of TerreStar’s 20 MHz S Band spectrum into its next generation mobile wireless network.  TerreStar plans to use this authority to enhance coverage, capacity and throughput in its integrated mobile satellite and terrestrial communications network that will provide ubiquitous North American access to voice and data services through conventional wireless devices.

In granting the ATC license, the FCC reaffirmed the value that integrated MSS/ATC networks bring by “facilitating increased network capacity, more efficient use of spectrum, extension of coverage for handset operation” as well as “improved emergency communications.”  The FCC also granted a number of technical waivers requested by TerreStar that will permit TerreStar to integrate ATC capability more efficiently.

“We thank the FCC for its ongoing support as we continue to execute on the vision of an integrated satellite and terrestrial mobile wireless network,” said Jeff Epstein, president, TerreStar.  “With the successful launch of TerreStar-1, the validation of our revolutionary TerreStar Genus™ smartphone and the FCC’s grant of ATC authority, we are on track to reshape mobile communications when we launch commercial service later this year.”

About TerreStar Networks Inc.

TerreStar Networks (www.terrestar.com), a majority owned subsidiary of TerreStar Corporation (Nasdaq: TSTR), plans to offer a reliable and secure satellite terrestrial mobile broadband network that will provide voice, data and video services dedicated to helping solve the critical communication and business continuity challenges faced by government, emergency responders, enterprise businesses and rural communities.   TerreStar expects to offer next generation mobile communications through a network of partners and service providers to users who need “anywhere” coverage throughout the United States and Canada.

Statement under the Private Securities Litigation Reform Act:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the strategy of TerreStar Corporation, its plans, and the transactions described in this press release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words and terms in connection with future results. We assume no obligation to update or supplement such forward-looking statements.

Caliper Life Sciences (CALP) Announces Preliminary Results for the Fourth Quarter and 2009

HOPKINTON, Mass., Jan. 14 /PRNewswire-FirstCall/ — Caliper Life Sciences, Inc. (Nasdaq: CALP) today announced revenue results for the fourth quarter and full year ended December 31, 2009, and its expected year-end cash position, based upon management’s review of preliminary financial information.

Total revenue for the fourth quarter of 2009 is expected to be $37.6 million, which exceeded the Company’s revenue guidance of $33 to $35 million as a result of stronger than anticipated IVIS® and LabChip® product revenues and the benefit of license revenues from a recently announced microfluidic license grant to Becton, Dickinson and Company which occurred one quarter earlier than anticipated.  For the full year 2009, total revenue is expected to be $130.3 million on a GAAP-basis and $119.6 million on a non-GAAP basis, which excludes revenues of recently divested business operations.

The Company expects to report cash, cash equivalents and marketable securities of approximately $38 million and outstanding short-term borrowings of approximately $15 million as of December 31, 2009.  In addition, the Company announced that it expects to report positive operating cash flows on a full-year basis for 2009, one year ahead of previous guidance.

It should be noted that the financial results as of December 31, 2009, and for the quarter and year ended December 31, 2009 discussed above are preliminary and remain subject to audit by Caliper’s independent registered accounting firm.

Statement Regarding Use of Non-GAAP Financial Measures

Caliper supplements its GAAP financial reporting with certain non-GAAP financial measures.  Non-GAAP revenue in this press release excludes the impact of revenue from business operations which were divested in the fourth quarters of 2008 and 2009, respectively.  Caliper believes that providing this additional information enhances investors’ understanding of the financial performance of Caliper’s operations and increases the comparability of its current financial statements to prior periods.

Presentation at Today’s J.P. Morgan Conference

As announced in a separate press release issued by the company on January 5, Caliper will today make a presentation at the J.P. Morgan Healthcare Conference in San Francisco, California.  A live webcast of the presentation can be accessed by visiting Caliper’s website at www.caliperLS.com.  To access the webcast, select “Investors” and find the event under “Investor Events”.  An archived edition of the presentation will be available for 90 days.

About Caliper Life Sciences

Caliper Life Sciences is a premier provider of cutting-edge technologies enabling researchers in the life sciences industry to create life-saving and enhancing medicines and diagnostic tests more quickly and efficiently. Caliper is aggressively innovating new technology to bridge the gap between in vitro assays and in vivo results, enabling the translation of those results into cures for human disease. Caliper’s portfolio of offerings includes state-of-the-art microfluidics, lab automation & liquid handling, optical imaging technologies, and discovery & development outsourcing solutions. For more information please visit www.caliperLS.com.

The statements in this press release regarding Caliper’s anticipated total revenue for the fourth quarter of 2009 and for 2009, its expected cash and short-term borrowing position as of December 31, 2009, and Caliper’s expectation that it will report positive operating cash flows on a full-year basis for 2009 are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934.  These statements are subject to risks and uncertainties that could cause actual results to differ materially from those Caliper expects or projects, including the risks that unexpected information may be received, or adjustments may be made, in the course of finalizing and analyzing the financial results, which could cause the final results to differ from these preliminary results.  Finalization of the company’s financial results for 2009 could lead to revisions in the company’s current expectations regarding revenue for the quarter and year ended December 31, 2009, as well as achieving positive operating cash flows on a full-year basis for 2009.  Further information on risks faced by Caliper is included in risks discussed under the caption “Risk Factors” in Caliper’s annual report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission on March 13, 2009, and in our other SEC reports and filings. These SEC reports and filings are available on a web site maintained by the SEC at http://www.sec.gov. Caliper expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Caliper’s expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.

Endeavour Silver (EXK) Sets New Record for Mine Production in Q4, 2009

VANCOUVER, BRITISH COLUMBIA–(Marketwire – 01/13/10) – Endeavour Silver Corp. (TSX:EDR – News)(TSX:EDR.WT – News)(AMEX:EXK – News)(DBFrankfurt: EJD) announces that the Company set a new record for silver production in Q4, 2009, up 12% quarter-on-quarter to 779,345 oz silver. Gold production also jumped to a new quarterly high, up 90% to 4,591 oz gold in Q4, 2009.

Endeavour delivered its fifth consecutive year of silver production growth in 2009, up 11% year-on-year to 2.6 million oz silver. In addition, gold production rose even more sharply, up 66% to 13,298 oz gold in 2009 compared to 2008. Using the current silver:gold ratio of 62:1 (base metals not included as equivalents), Endeavour produced 3.4 million oz silver equivalents in 2009, up 21% compared to 2008.

These new Company highs for silver and gold production can largely be attributed to the successful expansion programs at the Company’s two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State. Substantial organic growth potential remains to be realized at the two mines in order to reach their +4 million oz per year capacity.

Endeavour also enjoyed its best-ever unaudited quarterly and annual financial results in 2009 since the commencement of mining operations in 2004. Although the annual audited financial statements will not be ready until late March, based on production and sales results to December 31, 2009, management provides the following estimates of financial results for fiscal 2009: sales revenues will exceed US$50 million, costs of sales are expected to be less than US$31 million, Q4 cash costs should come in below the US$5.20 per oz recorded in Q3 and average around US$6 per oz silver for 2009.

To view a video with Chairman and CEO Bradford Cooke’s commentary on the 2009 production data, click here: http://www.edrsilver.com/i/media/2010-01-13_NRV.html

Bradford Cooke, Chairman and CEO, commented, “We are happy to announce that Endeavour delivered its fifth consecutive year of production growth in 2009. We also succeeded in driving our cash costs of silver production down to almost half of where they were 18 months ago. Our mine operations teams are to be congratulated for doing a great job in 2009, notwithstanding the difficult start to the year thanks to the global financial crisis and various operating issues that resulted in several days of lost production.”

“Management is of the belief that the silver price will continue to appreciate in 2010 so we plan to continue accelerating our exploration drilling, mine development and plant refurbishment programs this year in order to ensure continued aggressive production growth. We expect to achieve our 6th consecutive year of organic production growth this year as well as growth through acquisitions in 2010.”

Endeavour plans to release an overview of its 2009 exploration activities including new drilling results within the next two weeks; a more detailed review of its 2009 mining operations and 2010 production forecast in February; the annual update of NI 43-101 reserves and resources by early March; and the 2009 audited financial results and outlook will be released in late March, 2010.

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

ENDEAVOUR SILVER CORP.

Bradford Cooke, Chairman and CEO

CAUTIONARY DISCLAIMER – FORWARD LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include, but are not limited to, statements regarding Endeavour’s anticipated performance in 2010, including silver and gold production, timing and expenditures to develop new silver mines and mineralized zones, silver and gold grades and recoveries, cash costs per ounce, capital expenditures and sustaining capital and the use of proceeds from the Company’s recent financing. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

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

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

Simulations Plus (SLP) Reports First Quarter FY2010 Financial Results

LANCASTER, Calif.–(BUSINESS WIRE)–Simulations Plus, Inc. (NASDAQ:SLP – News), a leading provider of simulation and modeling software for pharmaceutical discovery and development, today reported financial results for its first quarter of fiscal year 2010 ended November 30, 2009 (1QFY10).

Ms. Momoko Beran, chief financial officer of Simulations Plus, stated: “I’m pleased to report that our consolidated net sales increased 14.2% to $2,437,000 in 1QFY10 from $2,133,000 in the first fiscal quarter of fiscal 2009 (1QFY09). Sales for our pharmaceutical software and services business increased 21.3%, or $305,000, for 1QFY10 over 1QFY09. Revenues from our Words+ subsidiary were essentially flat, with a 0.1% decrease over 1QFY09.”

Ms. Beran continued: “For 1QFY10, consolidated gross profit increased 16.2% to $1,830,000 from $1,574,000 in 1QFY09. R&D expense decreased 2.9% to $261,000 in 1QFY10 from $269,000 in 1QFY09 due to more staff hours being spent on consulting studies in 1QFY10. Total R&D expenditures, which include capitalized software development costs, decreased by 1.9% to $462,000 from $471,000. Consolidated SG&A increased $100,000, or 11.1% to $1,004,000 in 1QFY10, compared to $904,000 in 1QFY09. As a percentage of sales, SG&A decreased to 41.2% in 1QFY10 from 42.4% in 1QFY09. Expanded travel and trade show expenses accounted for a significant portion of the increase as we have increased our marketing and sales efforts substantially over last year. For 1QFY10, net income before taxes increased 46.0%, or $208,000, to $661,000 compared with $453,000 in 1QFY09. Our provision for income taxes increased by 63.7%, or $90,000, to $231,000 (estimated tax rate of 35.0%) for 1QFY10 from $141,000 (tax rate of 31.2%) in 1QFY09. Using our best estimates for the remainder of the year, we anticipate a tax rate for the year to be in the range of 33-37%; however, this will depend on the tax credits we obtain from Non-qualified Incentive Stock Option events and the amount of R&D tax credits generated during the current fiscal year.

“Consolidated net earnings for 1QFY10 were $430,000, or $0.03 per fully diluted share, an increase of 38.0% from $312,000, or $0.02 per diluted share in 1QFY09. We attribute this to our increased revenues from pharmaceutical software licenses and consulting services, which offset the increase in our investment in marketing and sales. Our cash continues to grow, with cash at the end of 1QFY10 of $7,973,000, up 31.5% from $6,064,000 at the end of 1QFY09. Shareholders’ equity increased 4.8% from $10,315,004 on November 30, 2008, to $10,811,665 on November 30, 2009. Note that this was after we spent just over $1 million for share repurchases during the past year.”

Walt Woltosz, chairman and chief executive officer of Simulations Plus, said: “These results represent a new record first quarter for both revenues and earnings. We believe much of the growth is the result of the aggressive marketing and sales program we began early in 2009, wherein we have attended approximately three times as many scientific meetings and trade shows compared to what we had typically done in previous years. The recognition we’ve received through scientific presentations by our industry and government customers at many of these scientific meetings has also undoubtedly contributed to our success. With the upcoming release of GastroPlus™ Version 7.0, which will add three very important new capabilities in drug-drug interaction, ocular drug delivery, and nasal/pulmonary drug delivery, and coming improvements in ADMET Predictor™, ClassPharmer™, and DDDPlus™, combined with the continued strong demand for our consulting services, we expect 2010 to continue to be a very good year.”

About Simulations Plus, Inc.

Simulations Plus, Inc., is a premier developer of groundbreaking drug discovery and development simulation software, which is licensed to and used in the conduct of drug research by major pharmaceutical and biotechnology companies worldwide. We have two other businesses that are based on our proprietary technologies: a wholly owned subsidiary, Words+, Inc., which provides assistive technologies to persons with disabilities as well as a personal productivity tool for the mass market called Abbreviate! ^™; and an educational software series for science students in middle and high schools known as FutureLab^™. For more information, visit our Web sites at www.simulations-plus.com and www.words-plus.com.

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

Mindspeed (MSPD) Announces Preliminary Fiscal First Quarter 2010 Results

Jan. 13, 2010 (Business Wire) — Mindspeed Technologies, Inc. (NASDAQ:MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced preliminary results for its fiscal first quarter of 2010, which ended on January 1, 2010. The company now expects revenues in its fiscal first quarter of 2010 to be approximately $37.0 million. The company’s previous guidance for fiscal first quarter revenue was to be in the range of $36.1 million to $37.5 million.

In addition, the company now anticipates non-GAAP gross margin for its fiscal first quarter to be approximately 63.7 percent, exceeding previous guidance of 62.5 to 63.0 percent, and GAAP gross margin to be approximately 63.6 percent. The company also expects non-GAAP operating expenses to be approximately $21.3 million and GAAP operating expenses to be approximately $23.1 million, resulting in non-GAAP earnings per share of approximately $0.07 and GAAP loss per share of approximately $(0.01). The approximate non-GAAP earnings per share is the highest level of profitability the company has achieved as a public company, excluding the benefit from patent sales in previous periods.

“We are very pleased with the progress in our business model as evidenced by the strong operating performance, profitability and cash generation that we expect for the fiscal first quarter of 2010. Overall, we were also pleased with the market trends and the demand dynamics in the fiscal first quarter, which met or exceeded our expectations at the beginning of the quarter. Importantly, we are currently participating in multiple, exciting growth product cycles within our multiservice access (MSA) and high-performance analog (HPA) businesses and are continuing to see strengthening, broad-based, global demand from numerous tier one customers, particularly in China,” said Raouf Halim, chief executive officer of Mindspeed.

Mindspeed is scheduled to release its final earnings results for the fiscal first quarter of 2010 on January 25, 2010.

Fiscal First Quarter 2010 Conference Call

Mindspeed will conduct a conference call announcing its fiscal first quarter 2010 results on Monday, January 25, 2010, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. To listen to the conference call via telephone, call 800-593-9968 (domestic) or 210-795-2680 (international); password: Mindspeed. To listen via the Internet, please visit the Investors section of Mindspeed’s web site at www.mindspeed.com. Replay of the conference will be available via telephone one hour after it concludes for a period of 30 days by calling 888-568-0879 (domestic) or 203-369-3206 (international). Replay will also be available on Mindspeed’s web site at www.mindspeed.com during such 30 day period.

About Mindspeed Technologies®

Mindspeed Technologies, Inc. designs, develops and sells semiconductor solutions for communications applications in the wireline and wireless network infrastructure, which includes today’s separate but interrelated and converging enterprise, broadband access, metropolitan and wide area networks. Our products are classified into three focused product families: multiservice access, high-performance analog and wide area networking communications. Our products are sold to original equipment manufacturers (OEMs) for use in a variety of network infrastructure equipment, including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers, digital loop carrier equipment, IP private branch exchanges (PBXs), optical modules, broadcast video systems and wireless base station equipment.

Safe Harbor Statement

We are unable to provide a reconciliation of the preliminary non-GAAP measures to GAAP measures because we have not yet determined final numbers for items such as special charges, asset impairments, employee separation costs and stock-based compensation related expenses. For a discussion of our use of non-GAAP financial measures, please refer to our earnings release dated October 26, 2009 and our Current Report on Form 8-K furnished to the SEC on the same date. A complete reconciliation of non-GAAP measures to GAAP measures will be provided when we release final earnings results for the fiscal first quarter of 2010 on January 25, 2010.

This press 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. Such statements include statements regarding the company’s expectations, goals or intentions, including, but not limited to, expected levels of revenue, gross margin and earnings and loss per share, which are preliminary and subject to change as we complete our review of the first quarter of fiscal 2010, the strength of our operating performance, growth product cycles, product demand, market trends and cash generation. These forward-looking statements are based on management’s current expectations, estimates, forecasts and projections about the company and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. These risks and uncertainties include, but are not limited to: cash requirements and terms and availability of financing; future operating losses; worldwide political and economic uncertainties, and specific conditions in the markets we address; fluctuations in the price of our common stock and our operating results; loss of or diminished demand from one or more key customers or distributors; our ability to attract and retain qualified personnel; constraints in the supply of wafers and other product components from our third-party manufacturers; pricing pressures and other competitive factors; successful development and introduction of new products; doing business internationally and our ability to successfully and cost effectively establish and manage operations in foreign jurisdictions; industry consolidation; order and shipment uncertainty; our ability to obtain design wins and develop revenues from them; lengthy sales cycles; the expense of and our ability to defend our intellectual property against infringement claims by others; product defects and bugs; business acquisitions and investments; and our ability to utilize our net operating loss carry-forwards and certain other tax attributes. Risks and uncertainties that could cause the company’s actual results to differ from those set forth in any forward-looking statement are discussed in more detail under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the company’s Annual Report on Form 10-K for the year ended October 2, 2009, as well as similar disclosures in the company’s subsequent SEC filings. Forward-looking statements contained in this press release are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Amtech (ASYS) Announces $59 Million in Total Orders for the December Quarter

Jan. 13, 2010 (Business Wire) — Amtech Systems, Inc. (NASDAQ:ASYS), a global supplier of production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and silicon wafers, today announced that orders booked for its fiscal 2010 first quarter ended December 31, 2009 totaled approximately $59 million. This total includes both solar and semiconductor orders including the large solar order from an existing customer announced on December 18, 2009. A significant portion of these orders are expected to ship within fiscal 2010.

J.S. Whang, President and Chief Executive Officer of Amtech, commented, “We are extremely pleased with the substantial increase in orders from our large and growing solar customer base and we remain confident in the long-term growth opportunities in the solar market for our products.”

About Amtech Systems, Inc.

Amtech Systems, Inc. manufactures capital equipment, including silicon wafer handling automation, thermal processing equipment and related consumables used in fabricating solar cells and semiconductor devices. Semiconductors, or semiconductor chips, are fabricated on silicon wafer substrates, sliced from ingots, and are part of the circuitry, or electronic components, of many products including solar cells, computers, telecommunications devices, automotive products, consumer goods, and industrial automation and control systems. The Company’s wafer handling, thermal processing and consumable products currently address the diffusion, oxidation, deposition, PECVD, and PSG removal steps used in the fabrication of solar cells, semiconductors, MEMS and the polishing of newly sliced silicon wafers.

Statements contained in this press release that are not historical facts may be forward looking statements within the meaning of the Private Litigation Reform Act. Such statements may use words such as “proposed,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “predict,” “project” and similar expressions as they relate to Amtech Systems, Inc. or our management. When we make forward-looking statements, we are basing them on our management’s beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions including the risks discussed in our filings with the Securities and Exchange Commission. If one or more of these risks materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward looking statements contained in this press release reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

Johns Hopkins University Researchers Demonstrate miRview(TM) squamous Classifies Non-Small Cell Lung Cancer with Extremely High Degree of Accuracy

Jan. 13, 2010 (Business Wire) — Rosetta Genomics, Ltd. (NASDAQ: ROSG), a leading developer and provider of microRNA-based molecular diagnostics, announced today that the results of a joint study with the Department of Pathology at Johns Hopkins University School of Medicine were published online yesterday, January 12^th, and are set to be published in the January 15, 2010 issue of the American Association for Cancer Research’s journal Clinical Cancer Research. The study, ”Accurate classification of non-small cell lung carcinoma using a novel microRNA-based approach,” shows that Rosetta Genomics’ miRview™ squamous test accurately classified NSCLC samples both from resections, as well as from fine-needle aspirate (FNA) cell blocks. The abstract of the study may be viewed online at the Clinical Cancer Research’s website: http://clincancerres.aacrjournals.org/content/early/2010/01/10/1078-0432.CCR-09-2638.abstract

miRview™ squamous (offered in the U.S. by Prometheus Laboratories under the brand name ProOnc™ squamous), is a microRNA-based molecular assay that classifies NSCLC into squamous or non-squamous carcinomas using the expression level of a single microRNA biomarker.

In the study, 102 resected NSCLC samples were classified at JHU using “gold standard” methods (H&E staining) and additionally a panel of immunohistochemical stains, and later classified in a blinded fashion using the miRview™ squamous test at Rosetta Genomics Laboratories. The samples were classified as either squamous or non-squamous cell carcinoma. Results showed 100% concordance between the diagnoses established by methods exceeding the “gold standard” methods and miRview™ squamous for the resected NSCLC samples.

Corresponding preoperative biopsies/aspirates that had been originally diagnosed as poorly differentiated NSCLC were available for 21 cases. As a second phase of this study, these preoperative samples were analyzed by miRview™ squamous, and compared with the classification obtained following the patient’s surgery. miRview™ squamous correctly classified 20 of the 21 (95%) preoperative biopsy specimens.

Lung cancer is the leading cause of cancer mortality in the U.S., killing more than 160,000 Americans every year. In over 60,000 of these patients with NSCLC, identification of the squamous sub-type has significant clinical implications. Squamous lung cancer carries increased risk of severe or fatal bleeding for certain targeted biological therapies, including bevacizumab (Avastin™) and other drugs under development.¹ Other approved therapies, such as pemetrexed (Alimta™) are indicated for non-squamous NSCLC only.²

“There is a large and growing body of literature that demonstrates the limitations of ‘gold standard’ histopathology methods, as well as with immunohistochemical staining methods for classifying NSCLC,” said Tina Edmonston, M.D., Director of Rosetta Genomics’ CLIA-certified laboratory. “Studies show that when given the same sample, pathologists will disagree on the diagnoses in approximately 30% of the cases. With the recent emergence of targeted lung cancer therapies, such as Avastin™ and Alimta™, we need the most accurate classification possible for NSCLC. In addition, as other targeted drugs enter the clinical arena, accurate classification will become increasingly important to better assess differential side effects and efficacy profiles. We believe there is a definite need for objective, standardized, and reproducible molecular diagnostic assays that can reliably classify NSCLC.”

“This is an exciting study for us, as it validates miRview™ squamous’ sensitivity, specificity, reproducibility and overall reliability in helping physicians accurately make this critical lung cancer classification,” said Ken Berlin, President and CEO of Rosetta Genomics. “The outstanding performance of our miRview™ squamous test underscores our ability to harness the power of microRNAs through our proprietary technology platforms. We are using this ability to further unleash the promise of microRNA and to advance our pipeline of products and the standard of medical care.”

About microRNAs

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

About miRview™ Products

miRview™ are a series of microRNA-based diagnostic products offered by Rosetta Genomics. miRview™ mets accurately identifies the primary tumor site in metastatic cancer and Cancer of Unknown Primary. miRview™ squamous accurately identifies the squamous subtype of NSCLC, which carries an increased risk of severe of fatal internal bleeding and poor response to treatment for certain therapies. miRview™ meso diagnoses mesothelioma, a cancer connected to asbestos exposure. miRview™ tests are designed to provide objective diagnostic data; it is the treating physician’s responsibility to diagnose and administer the appropriate treatment. In the U.S. alone, over 100,000 patients a year may benefit from the miRview™ mets test, 60,000 from miRview™ squamous, and 60,000 from miRview™ meso, with similar numbers of patients outside the U.S. The company’s tests are now being offered through distributors around the globe. For more information, please visit www.mirviewdx.com.

About Rosetta Genomics

Rosetta Genomics is a leading developer of microRNA-based molecular diagnostics. Founded in 2000, the company’s integrative research platform combining bioinformatics and state-of-the-art laboratory processes has led to the discovery of hundreds of biologically validated novel human microRNAs. Building on its strong patent position and proprietary platform technologies, Rosetta Genomics is working on the application of these technologies in the development of a full range of microRNA-based diagnostic tools. The company’s first three microRNA-based tests, miRview™ squamous, miRview™ mets and miRview™ meso, are commercially available through its Philadelphia-based CLIA-certified lab. Rosetta Genomics is the 2008 winner of the Wall Street Journal’s Technology Innovation Awards in the medical/biotech category. To learn more, please visit www.rosettagenomics.com.

Forward-Looking Statement Disclaimer

Various statements in this release concerning Rosetta’s future expectations, plans and prospects, including without limitation, statements relating to the potential applications of the miRview squamous test, the role of microRNAs in human physiology and disease, and the potential of microRNAs in the diagnosis and treatment of disease, constitute forward-looking statements for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including risks related to: Rosetta’s approach to discover microRNA technology and to work on the application of this technology in the development of novel diagnostics and therapeutic tools, which may never lead to commercially accepted products or services; Rosetta’s ability to obtain, maintain and protect its intellectual property; Rosetta’s ability to enforce its patents against infringers and to defend its patent portfolio against challenges from third parties; Rosetta’s need and ability to obtain additional funding to support its business activities; Rosetta’s dependence on third parties for development, manufacture, marketing, sales, and distribution of products; Rosetta’s ability to successfully develop its products and services; Rosetta’s ability to obtain regulatory clearances or approvals that may be required for its products and services; the ability to obtain coverage and adequate payment from health insurers for the products and services comprising Rosetta’s technology; competition from others using technology similar to Rosetta’s and others developing products for similar uses; Rosetta’s dependence on collaborators; and Rosetta’s short operating history; as well as those risks more fully discussed in the “Risk Factors” section of Rosetta’s Annual Report on Form 20-F for the year ended December 31, 2008 as filed with the Securities and Exchange Commission. In addition, any forward-looking statements represent Rosetta’s views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Rosetta does not assume any obligation to update any forward-looking statements unless required by law.

NIVS (NIV) Introduces New 3G Surveillance Camera

HUIZHOU, China /PRNewswire-Asia/ — NIVS IntelliMedia Technology Group, Inc., (“NIVS” or the “Company”) (NYSE Amex: NIV), a consumer electronics company that designs, manufactures and sells intelligent audio and visual products, today announced that the Company has introduced to the marketplace a new 3G surveillance camera as a replacement to a previous model and expects that the product will be available for sale by mid-February.

The application for the new 3G surveillance camera includes security in a commercial or industrial environment or in a home setting for baby or child monitoring, as an example. The camera can be accessed via a mobile phone in addition to computer access. It is expected that the new camera will be marketed through China Unicom’s distribution network as well as the NIVS sales channels.

Mr. Tianfu Li, Chairman and CEO of NIVS, commented, “We are pleased to offer an improved version of our previous surveillance product and will continue working to upgrade our other electronics products offerings so as to remain at the forefront of innovation and the latest technologies.”

About NIVS IntelliMedia Technology Group, Inc.

NIVS IntelliMedia Technology Group is an integrated consumer electronics company that designs, manufactures, markets and sells intelligent audio and video products in China, Greater Asia, Europe, and North America. The NIVS brand has received “Most Popular Brand” distinction in China’s acoustic industry for three consecutive years, among numerous other awards. NIVS has developed leading Chinese speech interactive technology, which forms a foundation for the Company’s intelligent audio and visual systems, including digital audio, telecommunication, LCD televisions, digital video broadcasting (“DVB”) set-top boxes, peripherals and more.

Safe Harbor Statement

This release contains certain “forward-looking statements” relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward looking terminology such as “believes,” “expects” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including, but not limited to the Company’s ability to develop and market new products; the Company’s ability to continue to borrow and raise additional capital to fund its operations; the Company’s ability to accurately forecast amounts of supplies needed to meet customer demand; exposure to market risk through sales in international markets; the market acceptance of the Company’s products; exposure to product liability and defect claims; fluctuations in the availability of raw materials and components needed for the Company’s products; protection of the Company’s intellectual property rights; and changes in the laws of the PRC that affect the Company’s operations. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the discussed above and in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov ). All forward-looking statements attributable the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume an obligation to update these forward-looking statements.

Luna Innovations (LUNA) Emerges from Chapter 11 Reorganization

Jan. 12, 2010 (Business Wire) — Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing, instrumentation and nanotechnology, announced today that it has emerged from Chapter 11 reorganization, less than six months after filing.

The Honorable William F. Stone, Jr. of the U.S. Bankruptcy Court for the Western District of Virginia, Roanoke Division, confirmed the company’s Joint Plan of Reorganization on Jan. 12, 2010. Luna’s reorganization plan provides that Luna’s creditors will receive a 100 percent recovery on their valid claims and that Luna’s current shareholders will retain their shares.

Luna voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code on July 17, 2009, in response to a potential negative outcome in its litigation with Hansen Medical, Inc. The two companies reached a settlement in December 2009, resolving the outstanding litigation between them. The settlement resulted in a development and supply agreement between Luna and Hansen, and a license of Luna’s fiber optic shape sensing technology to Hansen in the fields of medical robotics and certain medical non-robotics.

“Thank you to our customers, shareholders, partners and vendors for standing by us during this trying time,” stated Kent Murphy, Chief Executive Officer. “A special thanks goes to our employees for continuing to stay focused and providing our customers with excellent service and products during this difficult time. From the outset, our intent during this restructuring has been to continue to serve our customers, keep the pace of our key development initiatives, maintain employment at our four facilities in Virginia, settle with Hansen, provide our creditors with a full recovery on their valid claims, and allow current shareholders to retain their shares. Today, we can say we succeeded in those goals and did so in a relatively short time frame. Emerging from Chapter 11 will allow Luna to move forward on developing technologies that will provide tremendous value for our partners and customers. In addition, we appreciate Intuitive Surgical for its support and agreement, which was required to reach settlement, and Hansen for working hard to reach agreeable terms.”

More information about Luna’s Chapter 11 reorganization and subsequent emergence can be found on its Reorganization News Web page at http://www.lunainnovations.com/news/reorganization.htm.

About Luna Innovations:

Luna Innovations Incorporated (http://www.lunainnovations.com) is focused on sensing and instrumentation, and pharmaceutical nanomedicines. Luna develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. The company’s products are used to measure, monitor, protect and improve critical processes in the markets we serve. Through its disciplined commercialization business model, Luna has become a recognized leader in transitioning science to solutions. Luna is headquartered in Roanoke, Virginia.

Forward-Looking Statements:

This release may include information that constitutes “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Statements that describe the Company’s business strategy, goals, prospects, opportunities, outlook, plans or intentions are also forward-looking statements. Actual results may differ materially from the expectations expressed in such forward-looking statements as a result of various factors, including risks and uncertainties set forth in the company’s periodic reports and other filings with the Securities and Exchange Commission. Such filings are available at the SEC’s website at http://www.sec.gov, and at the company’s website at http://www.lunainnovations.com. The statements made in this release are based on information available to the company as of the date of this release and Luna Innovations undertakes no obligation to update any of the forward-looking statements after the date of this release.

Cirrus Logic (CRUS) Announces Preliminary Q3 Revenue Increases 49 Percent Year Over Year

Jan. 11, 2010 (Business Wire) — Cirrus Logic Inc. (Nasdaq: CRUS) today announced that the company expects net revenue for the third fiscal quarter, which ended on Dec. 26, 2009, to be up 49 percent year over year, and up 17 percent sequentially to approximately $65 million, an increase from the previous guidance of $58 million to $62 million. The increase over forecasted revenue was driven by stronger than anticipated demand for a broad range of audio products, as well as modest improvement in demand for energy products.

The company expects gross margin to be approximately 54 percent. Combined R&D and SG&A expenses are expected to be approximately $24.3 million and include an estimated $1.8 million in share-based compensation and amortization of acquisition-related intangible expenses, as well as $400,000 in favorable facilities related credits.

“We continued to experience strong growth in the December quarter as revenue from new products maintained its momentum and we had increased demand from our customers for a broad mix of both our audio and energy products,” said Jason Rhode, president and chief executive officer of Cirrus Logic. “Building on this momentum, we believe that revenue for the March quarter will exceed $53 million, which would represent greater than 58 percent year over year growth. We will release full guidance for the March quarter on Jan. 28.”

Cirrus Logic will hold its quarterly conference call to discuss third quarter, fiscal year 2010 financial results on Thursday, Jan. 28, 2010, at 10:30 a.m. EST. Cirrus Logic will release the company’s financial results at approximately 8:00 a.m. EST on the same day.

To listen to the live conference call, dial 480-629-9866, or toll-free at 888-549-7750 (Conference ID: 4198207) by 10:20 a.m. EST on Jan. 28. A replay of the conference call will be available beginning one hour following the completion of the call, until Feb. 4, 2010. To access the recording, dial 303-590-3030, or toll-free at 800-406-7325 (Conference ID: 4198207). Additionally, the conference call will be webcast live through the Investor Relations page of the company’s website at www.cirrus.com.

Cirrus Logic also announced it will present at the 12^th Annual Needham Growth Stock Conference on Thursday, Jan. 14, 2010, at 4:30 p.m. EST at The New York Palace Hotel in New York City. A live webcast of the presentation will be available on the Investor Relations page of the company’s website.

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Tucson, Ariz., Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this news release contain forward-looking statements, including our estimates of third quarter fiscal year 2010 revenue, gross margin, combined research and development and selling, and general and administrative expense levels as well as our estimates of fourth quarter fiscal year 2010 revenue. In some cases, forward-looking statements are identified by words such as “expect,” “anticipate,” “target,” “project,” “believe,” “goals,” “opportunity,” “estimates,” and “intend,” variations of these types of words and similar expressions are intended to identify these forward-looking statements. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the following: overall economic pressures and general market and economic conditions; overall conditions in the semiconductor market; the level of orders and shipments during the fourth quarter of fiscal year 2010, as well as customer cancellations of orders, or the failure to place orders consistent with forecasts; the loss of a key customer; pricing pressures; and the risk factors listed in our Form 10-K for the year ended March 28, 2009, and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Zareba Systems, Inc. (ZRBA) Announces Merger Agreement with Woodstream Corporation

Jan. 11, 2010 (Business Wire) — Zareba Systems, Inc. (NASDAQ:ZRBA) announced today that it has signed a definitive agreement to merge with a subsidiary of Woodstream Corporation, a Pennsylvania corporation. Woodstream is majority owned by private equity firms Brockway Moran & Partners, Inc. and Code Hennessy & Simmons LLC.

Under the terms of the agreement, a newly-formed subsidiary of Woodstream will merge with and into Zareba, Zareba will become a wholly-owned subsidiary of Woodstream, and Zareba shareholders will receive $9.00 in cash for each outstanding share of Zareba common stock. This price represents a premium of approximately 100% over the closing price of Zareba stock on January 11, 2010. Zareba’s board of directors and a special committee of Zareba’s disinterested directors have unanimously approved the agreement and the merger. The merger is expected to be completed in the first half of 2010 and is subject to Zareba shareholder approval and other customary closing conditions. A special meeting of Zareba shareholders will be announced following preparation and filing of proxy materials with the Securities and Exchange Commission.

“Our board thoroughly explored strategic alternatives for enhancing shareholder value and determined that this transaction with Woodstream represents an excellent value to our shareholders,” stated Zareba President and Chief Executive Officer Dale Nordquist. “Furthermore, our complementary product offerings and market strengths will also result in the substantial utilization of our existing operations and employees going forward.”

“Zareba’s and Woodstream’s Fi-Shock product offerings are highly complementary and when combined will result in an impressive portfolio of products, brands and intellectual property” stated Woodstream President and Chief Executive Officer Harry E. Whaley. “Zareba’s operations will significantly enhance our operating capabilities and allow us to better serve the needs of our customers around the world.”

Greene Holcomb & Fisher LLC acted as financial advisor, and Fredrikson & Byron, P.A. served as legal advisor, to Zareba. William Blair & Company LLC acted as financial advisor, and Faegre & Benson LLP served as legal advisor, to Woodstream.

About Zareba Systems, Inc.

Zareba Systems, Inc., a Minnesota corporation since 1960, is the world’s leading manufacturer of electronic perimeter fence and security systems for animal and access control. The Company’s corporate headquarters is located in Minneapolis, with manufacturing facilities in Ellendale, Minn. Its Zareba Systems Europe subsidiary owns Rutland Electric Fencing Co., the largest manufacturer of electric fencing products in the United Kingdom. The corporate web site is located at www.ZarebaSystemsInc.com.

About Woodstream Corporation

Woodstream Corporation, a Pennsylvania corporation since 1902, is a designer, manufacturer and marketer of a broad range of branded consumer products with facilities in Canada, Colorado, Missouri, Pennsylvania, Tennessee and China. The Company’s product portfolio includes wild bird feeders, organic pest controls, rodent and wild animal control equipment, lawn & garden décor products and animal training and containment products marketed under a variety of brands including Victor®, Fi-Shock®, Safer Brand®, Perky Pet®, Mosquito Magnet® and Havahart®. Woodstream’s products are sold at more than 100,000 retail locations throughout the United States and internationally. The corporate web site is located at www.woodstreamcorp.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements also include the assumptions underlying or relating to any of the foregoing statements. Such forward-looking statements are based upon current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements contained in this press release include statements about future financial and operating results and the proposed transaction. These statements are not guarantees of future performance, involve certain risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. For example, if Zareba does not receive required shareholder approval or fails to satisfy other conditions to closing, the transaction will not be consummated. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: failure of the Zareba shareholders to approve the proposed merger; and failure of other conditions to closing of the merger to be satisfied. All forward-looking statements included in this press release are based on information available to Zareba on the date hereof. Zareba undertakes no obligation (and expressly disclaims any such obligation) to update forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to update reasons why actual results could differ from those anticipated in such forward-looking statements.

Additional Information

Zareba intends to file a proxy statement and other relevant documents concerning the proposed transaction with the SEC. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANIES AND THE PROPOSED TRANSACTION.

Zareba’s officers and directors may be deemed, under SEC rules, to be participants in the solicitation of proxies from the shareholders of Zareba with respect to the transactions contemplated by the merger agreement. Information regarding Zareba’s directors and executive officers is contained in Zareba’s Annual Report on Forms 10-K and 10-K/A for the fiscal year ended June 30, 2009, which are filed with the SEC. More detailed information regarding the identity of potential participants in the solicitation, and their direct or indirect interests, by securities holdings or otherwise, which interests may be different from those of Zareba’s shareholders generally, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the proposed transaction. Each of these documents is, or will be, available free of charge at the website maintained by the SEC at www.sec.gov, and at Zareba’s website, www.ZarebaSystemsInc.com.

Hillenbrand to Acquire K-Tron International (KTII)

BATESVILLE, Indiana and PITMAN, New Jersey, January 11