Klockner Pentaplast Group Further Expands Its Thailand Production Facility

Klockner Pentaplast Group Further Expands Its Thailand Production Facility

August 11, 2006

    MONTABAUR, Germany, Aug. 11 /Xinhua-PRNewswire/ -- The
Klockner Pentaplast Group is pleased to announce two new
Asian capacity expansions at its Rayong, Thailand,
manufacturing facility. The first expansion is for adding
production capacity for its transverse-direction oriented
shrink-label films. The second expansion is for its
polyester production capacity for the markets of food and
electronics packaging, as well as shrink-label films.
Klockner Pentaplast is the only company to offer this
advanced stretching technology in Asia. Klockner Pentaplast
is also the only company in the region to offer both
polyester and vinyl static-control films for electronics
packaging.

    Shrink-Label Films Capacity Expansion

    The Klockner Pentaplast Group announced the expansion
of its transversedirection oriented shrink-label films
production capacity at its Rayong, Thailand, manufacturing
facility. The new tentering line will produce
high-performance shrink films for sleeves and capsules
(wine caps). The line is targeted to come online in early
2007 and will add 5,000 tons of shrink film capacity to the
company's existing global production. 

    The 5 Mio euro ($6.4 Mio USD) investment is in addition
to the previously announced calendering capacity expansion
at the same location. The kp Group offers a complete range
of transverse-direction oriented and machine-direction
oriented shrink films specifically designed for full-body
sleeve labels, promotion packs/multi-packs, tamper-evident
closures, capsules (wine caps), roll-fed, and shrink
wraparound labels. Klockner Pentaplast Pentaprint (R) and
Genotherm (R) shrink films offer excellent gauge control,
lay-flat properties, ink adhesion, and seaming ability.
These films are typically printed for highly decorated
labels that provide food and consumer products with
360-degree graphics. 

    "This expansion will enable us to continue to
support our customers'growing demand for high-quality
shrink films, specifically in Asia. Our Asian shrink-film
expansion will allow international converters and brand
companies to source identical high-quality films on three
continents. This new added capacity will allow us to meet
future global market demand while offering Asian customers
a higher level of quality, regionally produced film than is
available in the marketplace today and further enhance new
local product development capabilities," notes Joachim
Kreuzburg, president of Klockner Pentaplast GmbH.

    Polyester Capacity Expansion

    The Klockner Pentaplast Group announced a further
expansion of its polyester film production capacity at its
Rayong, Thailand, manufacturing facility. Servicing the
high-end markets of food and electronics packaging, as well
as shrink-label films, this additional film capacity is
targeted to come on-line in December 2006 and will add
6,000 tons of polyester film capacity to the company's
existing Rayong production. The 3.5 Mio. euro ($4.5 Mio.
USD) investment is in addition to the previously announced
calendering capacity expansion at the same location.
"We are investing at this time to further support our
customers' growth requirements with the continued level of
service and quality to which they are accustomed from
Klockner Pentaplast," notes Joachim Kreuzburg.

    About the Klockner Pentaplast Group

    The Klockner Pentaplast Group is the world's leading
producer of films for pharmaceutical, medical device, food,
electronics, and general-purpose thermoform packaging, as
well as printing and specialty applications. Founded in
1965 in Montabaur, Germany, Klockner Pentaplast has grown
from its initial facility to 24 current production
operations in 13 countries. The Klockner Pentaplast Group
is a wholly owned subsidiary of funds managed by Cinven
Ltd. and JPMorganPartners. The company has sales of over
euro 1.1 billion ($1.3 billion) and employs more than 3,900
people committed to serving customers worldwide. For more
information, visit our web site at http://www.kpfilms.com
.

    For more information, please contact:

    Europe and Asia: 
     Caroline Funk
     Vice President, Strategic Marketing &
Communications 
     Klockner Pentaplast/Europe & Asia
     Tel:   [phone]
     Fax:   [phone]
     Email: [e-mail]

    Corporate and The Americas:
     Nancy E. Ryan
     Manager of Global Communications 
     Klockner Pentaplast Group
     Tel:   [phone]
     Fax:   [phone] 
     Email: [e-mail] 

SOURCE  Klockner Pentaplast Group

Wyndham Hotel Group to Partner With Corinthia Group in EMEA Countries

Wyndham Hotel Group to Partner With Corinthia Group in EMEA Countries

August 11, 2006

    PARSIPPANY, N.J., Aug. 11 /Xinhua-PRNewswire/ --
Wyndham Hotel Group and the Corinthia Group of Companies
today signed an agreement in principle to jointly manage
hotels under the Wyndham(R) and Ramada(R) brands in the
EMEA region: Europe, the Middle East and Africa.

    (Logo: 
http://www.newscom.com/cgi-bin/prnh/20060810/NYTH118LOGO-a

           
http://www.newscom.com/cgi-bin/prnh/20060810/NYTH118LOGO-b 
)

    The agreement was signed today at the Corinthia Group's
headquarters in Malta by Steven A. Rudnitsky, Wyndham Hotel
Group president and chief executive officer, and Alfred
Pisani, Corinthia Group chairman and chief executive.

    Under terms of the deal, 15 existing Corinthia-owned
hotels across Europe, Africa and the Mediterranean will be
rebranded as Ramada Plaza and Wyndham hotels, and certain
Corinthia Branded properties will be affiliated with a new
tier, the Wyndham Grand Collection. 
 
    Wyndham Hotel Group will also enter into a partnership
with Corinthia Hotels International to offer hotel
management services to those brands in the EMEA region.

    Under the partnership, the companies expect to gain
mutual efficiencies by consolidating support functions
including sales and marketing, which will focus on driving
business to Ramada, Wyndham and Corinthia hotels in the
region.

    "This relationship will expand our portfolio in
the EMEA region and establish our management business,
which will become an integral component of our expansion
strategy," said Rudnitsky.  "Our goal is to
deliver more bookings to existing Corinthia properties by
integrating them into our sales, marketing and distribution
systems."

    Pisani said his company will explore opportunities to
develop Ramada, Wyndham and Wyndham Grand Collection hotels
throughout the region.

    "Our association with Wyndham Hotel Group will
expand our profile and provide a much broader base of
potential customers through their worldwide distribution
system," Pisani said.  "Our knowledge of the
markets and experience developing and managing upscale
hotels in the region will accelerate Wyndham Hotel Group's
ability to expand its portfolio."

    Pending customary regulatory approval and conditions of
closing, the deal is expected to be finalized within the
next 60 days. Financial terms were not disclosed.  

    Wyndham Hotel Group, one of three principal components
of Wyndham Worldwide (NYSE: WYN), encompasses more than
6,400 franchised and managed hotels and 535,000 hotel rooms
worldwide. Through Wyndham Hotel Group, RCI Global Vacation
Network and Wyndham Vacation Ownership, Wyndham Worldwide
offers individual consumers and business-to-business
customers a broad suite of hospitality products and
services across various accommodation alternatives and
price ranges through its premier portfolio of
world-renowned brands.  RCI Global Vacation Network offers
its more than 3 million members access to approximately
55,000 vacation properties located in more than 100
countries.  Wyndham Vacation Ownership develops, markets
and sells vacation ownership interests and provides
consumer financing to owners through its network of more
than 140 vacation ownership resorts serving more than
750,000 owners throughout North America, the Caribbean and
the South Pacific. Wyndham Worldwide, headquartered in
Parsippany, N.J., employs approximately 28,800 employees
globally. 

    The Corinthia Group participates in the world travel
industry through its four business units including
International Hotel Investments, which focuses on hotel
real estate acquisition and investment; Corinthia Hotels
International, which manages 20 four- and five-star hotels
totaling 5,300 rooms in 11 countries in Europe, Africa and
the Mediterranean as well as a network of sales offices
worldwide; Quality Project Management, which provides
construction and project management services; and Corinthia
In-Flight Services, which provides industrial catering.  The
company employs approximately 5,000.

    Forward-Looking Statements

    Certain statements in this press release constitute
"forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. 
Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the company
to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements.  The statements followed by the
word "anticipate" are generally forward-looking in
nature and not historical facts.

    You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
stated, or if no date is stated, as of the date of this
press release.  Important assumptions and risk factors that
could cause actual results to differ materially from those
in the forward looking statements are specified in Wyndham
Worldwide's Form 10 as amended, filed July 12, 2006, under
headings including "Risk Factors",
"Forward-Looking Statements" and
"Management's Discussion and Analysis of Financial
Condition and Results of Operations."  Except for the
company's ongoing obligations to disclose material
information under the federal securities laws, it
undertakes no obligation to release publicly any revisions
to any forward-looking statements, to report events or to
report the occurrence of unanticipated events unless
required by law.

    For more information about Wyndham Worldwide
Corporation and its businesses, go to
http://www.wyndhamworldwide.com .

    For more information, please contact:

     Rich Roberts
     Vice President, Communications
     Wyndham Hotel Group
     Tel:   [phone]
     Email: [e-mail]

     Manuel Briffa
     PR-Marketing Manager
     Corinthia Hotels International
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Wyndham Hotel Group

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Mission Hills Golf Champions Leisure and Wellness with Launch of Its Own Signature Spa Brand

Mission Hills Golf Champions Leisure and Wellness with Launch of Its Own Signature Spa Brand

August 10, 2006

    SHENZHEN, China, Aug. 10 /Xinhua-PRNewswire/ -- Mission
Hills, the world's largest golf club, launches on a grand
scale its own signature spa brand with three locations
scheduled to open within the coming nine months.  With an
investment of USD 15.8 million, the Mission Hills Spas are
set to be among the largest in Asia offering the most
comprehensive facilities, treatments and services in the
region.

    "Our goal is to become one of the leading spa
destinations, offering the best of leisure and wellness
products," says Ken Chu, Vice Chairman of Mission
Hills Group.

    Three distinct spa concepts are specially designed for
its golf club's expansive lay out sprawled over a 25 square
kilometer area: Clubhouse Spas - Spring Hill and Forest
Springs in two locations throughout the Shenzhen and
Dongguan Clubhouse; Resort Spa - Spring Valley in the
Country Club, Shenzhen; and Destination Spa - Wellsprings
nestled in the highlands of the National Park Reserve in
Dongguan.

    Destination Spa -- Wellsprings scheduled to open in the
spring of 2007, will feature some of the most elaborate and
exquisite bathing rituals harking back to the Greco-Roman
origins of spa -- aquatonic pools, tepidariums, samarium,
and caldariums. 

    Ranging in size from 1,400 to 12,000 square meters,
each spa will have its own distinct interior design
concept, but all will promote the Mission Hills philosophy
of a lifestyle of leisure and wellness.  The spas will
feature water and heat facilities, marine-based,
thalassotherapy-inspired treatments, traditional Chinese
healing practices, and in some locations, a teens' spa --
all aimed at drawing people to China's burgeoning spa
scene.

    Due to the size and scale of this undertaking, Mission
Hills has developed its own In-Spa Academy with the
capacity to train hundreds of therapists. 

    With its golf courses and luxurious residential
properties onsite, Mission Hills will be on the forefront
of the trend toward communities designed around the theme
of healthy living.  "The addition of our own signature
spa brand complements the overall Mission Hills
experience," says Peggy Liong, Spa General Manager. 

    Accredited by the Guinness World Records(TM) as the
World's Largest Golf Club, Mission Hills features ten
18-hole golf courses designed by legendary golf masters. 
It is also the only home to the Mission Hills David
Leadbetter Golf Academy in China, and offers a five-star
Mission Hills resort and luxurious residential
developments. 

    For more information, please contact: 

     Jenny Lo 
     Tel:   [phone]

SOURCE  Mission Hills Group

TOM Online Inc. Reports 2Q 2006 Results

TOM Online Inc. Reports 2Q 2006 Results

August 10, 2006

    HONG KONG, Aug. 10 /Xinhua-PRNewswire/ -- TOM Online
Inc. (Nasdaq: TOMO; Hong Kong GEM: 8282) ("TOM
Online" or "the Company"), a leading
wireless Internet company in China, announced today its
financial results for the second quarter ended June 30,
2006 ("2Q06").

    FINANCIAL HIGHLIGHTS

    -- Total revenues were US$ 50.10 million
("mn"), an increase of 17.1% from 
       the same period last year and up 3.1% from last
quarter.

    -- Wireless Internet revenues were US$ 45.71 mn,
representing a 12.4% 
       increase over the same period last year and a 0.5%
increase over the 
       previous quarter.  Wireless Internet revenues made
up 91.2% of the 
       Company's total quarterly revenues.

    -- Online advertising revenues were US$ 3.89 mn,
representing a 111.7% 
       increase over the same period last year and a 43.9%
increase over the 
       previous quarter.

    -- Net income was US$ 11.75 mn, an increase of 14.7%
from the same period 
       last year and down 3.2% from the last quarter.

    -- Excluding share-based compensation ("SBC")
expenses of US$ 0.76mn, 
       Non-GAAP net income was US$ 12.52mn, representing an
increase of 22.2% 
       year on year (YoY).

    -- Fully diluted earnings per American Depository Share
("ADS") were US$ 
       21.8 cents per ADS or US$ 0.27 cents per common
share.

    -- Excluding SBC expenses, Non-GAAP fully diluted
earnings per ADS were 
       US$ 23.2 cents per ADS or US$ 0.29 cents per common
share.

    -- Balance of cash and cash equivalents and short-term
bank deposits was 
       approximately US$ 155.54 mn at the end of the second
quarter of 2006.

    Wang Lei Lei, Chief Executive Officer and an Executive
Director of TOM Online, said: "TOM Online's Internet
and WVAS businesses maintained their healthy growth in the
reporting period.  The performance of our portal and online
advertising businesses in particular had improved markedly. 
Although industry policy changes and the government's
efforts to better regulate the WVAS market had affected our
business at the end of the second quarter and the measures
are expected to continue to affect our business in the
coming quarters, we believe China's Internet and WVAS
markets are still full of business potentials.  TOM Online
will be able to seize those opportunities as it continues
to work closely with partners."

    BUSINESS RESULTS:

    The Company's unaudited consolidated revenues for the
three months ended June 30, 2006 were US$ 50.10 mn, an
increase of 17.1% over the same period in 2005 and an
increase of 3.1% quarter on quarter ("QoQ").

    Wireless Internet revenues were US$ 45.71 mn,
representing a 12.4% increase over the same period last
year and a 0.5% increase over the previous quarter. 
Wireless Internet revenues made up 91.2% of the Company's
total quarterly revenues compared to 93.6% in the previous
quarter.

    Online advertising revenues were US$ 3.89 mn,
representing a 43.9% increase QoQ and an increase of 111.7%
YoY, as the Company's online advertising sales activities
continued to show positive results and benefited from
incremental advertiser interest in its World Cup and
Wanleba Internet offerings.

    Gross profit was US$ 19.05 mn representing an increase
of 7.1% over the same period last year but a 4.6% decline
QoQ as gross margins declined in the second quarter to
38.0% from 41.1% in the first quarter of 2006 and 41.6% in
the second quarter of 2005.  As such, total cost of
services in 2Q06 was US$ 31.05 mn compared to US$ 28.62 mn
in 1Q06.  The decline in margins was due to a number of
factors, but primarily driven by higher marketing and
content expenses during the World Cup period vs. lower than
expected wireless revenues due to anticipated new operator
policies in June 2006.  As such, 2Q06 wireless Internet
gross margins were roughly 35.0% compared to 39.4% in 1Q06,
while online advertising gross margins improved to 69.9% in
2Q06 from 65.6% in 1Q06 and 61.6% in 2Q05.

    Total operating expenses were US$ 8.00 mn in 2Q06, down
5.3% from the same period last year and down 14.1% from the
previous quarter.  Due to the expected slowdown in business
over the remainder of the year from new mobile data service
policies, the Company has decided to suspend senior
management bonuses which had been previously accrued in the
1st quarter of 2006 and hence were reversed in 2Q06.  This
change and other cost optimization measures were primary
factors for the decrease in operating expenses QoQ. In
addition, during 2Q06, the Company recognized US$ 0.76 mn
in share based compensation expenses which are excluded
from our non-GAAP presentation of earnings.

    Operating income was US$ 11.05 mn up 18.4% from the
same period last year and 3.7% from the previous quarter. 
Excluding SBC expenses, Non-GAAP operating income would
have been US$ 11.81 mn.  Operating margins were 22.1% in
the second quarter of 2006, compared to 21.9% in the
previous quarter.

    2Q06 EBITDA ("Earnings before Interest, Taxes,
Depreciation and Amortization") were US$ 13.38mn, an
increase of 18.6% YoY and 3.6% QoQ.  EBITDA margins were
26.7% for the second quarter, representing an increase from
26.6% in the last quarter.  Excluding SBC expenses, 2Q
adjusted EBITDA was US$ 14.15 mn.

    Net Income was US$ 11.75mn, an increase of 14.7% YoY
and down 3.2% from 1Q06.  Excluding SBC expenses, Non-GAAP
net income would have been US$ 12.52 mn, or an increase of
22.2% YoY.

    US GAAP basic earnings per ADS were US$ 22.1 cents for
the quarter.  US GAAP basic earnings per Hong Kong ordinary
share were US$ 0.28 cents for the quarter.  Shares used in
computing US GAAP basic earnings per ADS were 53.22 mn and
shares used in computing US GAAP basic earnings per Hong
Kong ordinary share were 4,257.68 mn.

    Excluding SBC expenses, Non-GAAP basic earnings per ADS
were US$ 23.5 cents and Non-GAAP basic earnings per Hong
Kong ordinary share were US$0.29 cents for the quarter. 
Shares used in computing basic earnings per ADS were 53.22
mn and shares used in computing basic earnings per Hong
Kong ordinary share were 4,257.68 mn.

    US GAAP diluted earnings per ADS were US$ 21.8 cents
for the quarter. US GAAP diluted earnings per Hong Kong
ordinary share were US$ 0.27 cents for the quarter.  Shares
used in computing US GAAP diluted earnings per ADS were
53.97 mn shares and shares used in computing US GAAP
diluted earnings per Hong Kong ordinary share were 4,317.46
mn. 

    Excluding SBC expenses, Non-GAAP diluted earnings per
ADS were US$ 23.2 cents and Non-GAAP diluted earnings per
Hong Kong ordinary share were US$ 0.29 cents for the
quarter.  Shares used in computing diluted earnings per ADS
were 53.97 mn and shares used in computing diluted earnings
per Hong Kong ordinary share were 4,317.46 mn.

    Wireless Internet Services

    Total wireless Internet service revenues were US$ 45.71
mn for the second quarter of 2006, an increase of 12.4% from
the same period last year and a 0.5% increase QoQ.  Wireless
Internet revenues accounted for 91.2% of the Company's total
revenues in the second quarter compared to 93.6% in 1Q06.

    On July 7, 2006, TOM Online issued a press release
relating to policy changes for all subscription services on
China Mobile's ("CMCC") Monternet platform.  The
changes, which are being implemented under the policy
directives of China's Ministry of Information Industry, aim
to address a number of issues, including reducing customer
complaints, increasing customer satisfaction and promoting
the healthy development of Monternet.

    From early June, as TOM Online had expected potential
policy changes to be implemented sometime in 3Q06, it began
to proactively adjust its service offerings in an effort to
anticipate and minimize the impact of such changes. These
adjustments included changing the Company's subscription by
message services to flat fee subscriptions and promoting
more usage based services over subscription services. 
However, due to a combination of the impact of these
adjustments and previously estimated increases in marketing
and content expenses related to the World Cup, profitability
in the Company's wireless Internet business was lower
compared to the prior period.

    TOM Online expects the near-term period to be depressed
in terms of business activity.  As a result, the management
is actively adjusting the Company's operating strategy to
better suit the new operating environment and is also
reviewing its cost structure to become more efficient and
flexible. Looking forward, the Company believes its mobile
operator partners will consolidate their business towards a
smaller group of large scale wireless Internet service
providers which will benefit TOM Online's business in the
long run.

    SMS ("Short Messaging Service") revenues in
2Q06 were US$ 18.96 mn, up 8.7% QoQ and 23.1% from the same
period last year.  SMS revenues made up 41.5% of TOM
Online's total wireless Internet revenues for the quarter. 
Key drivers of growth for SMS in 2Q06 were services related
to the World Cup (especially its alliance with CCTV-5),
improved performance in its Unicom SMS business and the
consolidation of Infomax for the month of June.

    MMS ("Multimedia Messaging Service") revenues
for 2Q06 were US$ 3.97 mn, down 2.8% QoQ, but up 51.6% YoY. 
MMS revenues made up 8.7% of the Company's total wireless
Internet revenues in the quarter.  However as discussed
before, TOM Online continues to believe that MMS is a
transitory product category and does not expect MMS to be a
key business driver to its overall business in coming
years.

    WAP ("Wireless Application Protocol")
revenues for 2Q06 were US$ 6.68 mn, down 14.7% QoQ and down
14.4% YoY. WAP revenues made up 14.6% of the Company's total
wireless Internet revenues in the quarter compared to 17.2%
in the previous quarter.  WAP revenues continued to decline
in 2Q06 from 1Q06 due to ongoing operator policy issues
involving inactive users, declining CDMA WAP usage and
ongoing competition for more attractive WAP deck
positioning. Previously the Company discussed that the
ongoing regulatory factors impacting its business would
stabilize in 2Q, but the Company underestimated the impact
of these and other competitive factors at the time of its
1Q results.

    IVR ("Interactive Voice Response") revenues
in 2Q06 were US$ 11.85 mn, up 14.9% YoY, but down 3.3% QoQ.
IVR revenues made up 25.9% of the Company's total wireless
Internet revenues in the quarter.   Whilst IVR revenues
continued to grow over the same period last year, they
stabilized on a QoQ basis due to fewer than expected
launches of IVR services on new TV programs,
cannibalization of TV/IVR services (which are mainly
entertainment / non-sports related shows) due to the World
Cup tournament and fewer cross marketing opportunities.

    CRBT ("Colour Ringback Tones") revenues in
2Q06 were US$ 3.23 mn, up 31.4% QoQ, but down 1.0% YoY. 
CRBT revenues made up 7.1% of the Company's total wireless
Internet revenues in the quarter.  CRBT business continued
to rebound during 2Q06, but it was still down on a YoY
basis because of activities/promotions the Company is doing
in conjunction with mobile operators to spur usage, which
included a reduction in content fee from an average of RMB
3.0 per song to RMB 2.0 in certain provinces.

    Other wireless Internet revenues were US$ 1.02 mn, down
29.0% QoQ and 19.2% YoY.  Other wireless Internet revenues
made up 2.2% the Company's total wireless Internet revenues
and consist of both Indiagames revenues and mobile games
distributed by TOM Online in the mainland China market.

    Online Advertising and Portal

    Online advertising revenues were US$ 3.89 mn in 2Q06,
up 43.9% QoQ and up 111.7% YoY.  On both a sequential and
annual basis the Company's online advertising business
performed well due to continued efforts to focus on
monetization of its core online channels such as
entertainment, music (including Wanleba) and sports.  In
2Q06, the total number of advertisers and average spend per
advertiser each increased sequentially 10-20%, driven in
part by strong incremental growth in online activities
related to the World Cup and Wanleba.  Under the new
wireless Internet operating environment, management will
continue its efforts to develop its portal and bolster its
online presence and communities to continue the growth of
its online advertising business.  In particular, the portal
strategy will be aligned to best position the Company in
anticipation of the introduction of 3G wireless services in
mainland China.

    NEW BUSINESS OPPORTUNITIES 

    TOM-SKYPE JV and UMPay

    At the end of July 2006, the Company had over 15.5 mn
registered TOM-Skype users, up from over 12.0 mn registered
users at the end of April 2006.  TOM Online continues to
explore advertising opportunities through the TOM-Skype
client base from which it hopes to begin monetizing by the
end of the fourth quarter of 2006.  Regarding its alliance
with UMPay, in the first half of 2006, the Company
continued to work closely with UMpay on micropayments and
pre-paid card top up services.  The Company continues to
work as UMPay's exclusive business partner to develop
China's mobile payment market as a longer term opportunity
for the Company.

    Jay Chang, Chief Financial Officer and an Executive
Director of TOM Online, said: "Our diversified
wireless business model performed well entering a more
challenging operating environment.  We will seek to
optimize our operating strength in the coming quarters to
overcome near-term challenges and position ourselves for
long-term opportunities."

    BUSINESS OUTLOOK

    On July 7, 2006, TOM Online issue a press release
relating to announced policy changes for all subscription
services on China Mobile's ("CMCC") Monternet
platform.  The changes, which are being implemented under
the policy directives of China's Ministry of Information
Industry, aim to address a number of issues, including
reducing customer complaints, increasing customer
satisfaction and promoting the healthy development of
Monternet.

    At the time of this announcement, TOM Online
anticipates that its total revenues for the quarter ending
September 30, 2006 to be in the range of US$ 32.5 mn to US$
34.5 mn which represents a 31-35% sequential decline.  In
addition, due to fixed costs, we expect the decline in
profitability in the 3rd quarter to be significantly
greater than the decline in revenues.

    Although TOM Online expects these policy changes to
have substantial negative impact to its wireless business
in the near-term, it believes the industry will adapt and
still offer good longer term growth prospects.

    Non-GAAP Measures

    To supplement the financial measures prepared in
accordance with US GAAP, the Company uses non-GAAP
financial measures which are adjusted from results based on
US GAAP in analyzing its financial results.  The use of
non-GAAP measures are provided to enhance the reader's
overall understanding of the Company's current financial
performance and its prospects for the future. Specifically,
the Company believes the non-GAAP results provide useful
information to both management and investors by excluding
certain items that are not expected to result in future
cash payments. 

    With the adoption of Statement of Financial Accounting
Standard 123R "Share-Based Payment" from January
1, 2006, the Company believes that the exclusion of
share-based compensation from its non-GAAP net income
enhances the comparability of its current operating results
from prior periods.

    Although the Company has historically reported US GAAP
results to investors, the Company believes the inclusion of
non-GAAP financial measures provides further clarity in its
financial reporting.  These non-GAAP financial measures may
be different from non-GAAP financial measures used by other
companies, and should be considered in addition to results
prepared in accordance with US GAAP, but should not be
considered a substitute for or superior to US GAAP
measures.

    Forward Looking Statements

    This announcement contains statements that may be
viewed as "forward-looking statements" within the
meaning of Section 27A of the United States Securities Act
of 1933, as amended, and Section 21E of the United States
Securities Exchange Act of 1934, as amended.  Such
forward-looking statements are, by their nature, subject to
significant risks and uncertainties that may cause the
actual performance, financial condition or results of
operations of the Company to be materially different from
any future performance, financial condition or results of
operations implied by such forward-looking statements. Such
forward-looking statements include, without limitation,
statements that are not historical fact relating to the
financial performance and business operations of the
Company in mainland China and in other markets, the
continued growth of the telecommunications industry in
China and in other markets, the development of the
regulatory environment and the Company's latest product
offerings, and the Company's ability to successfully
execute its business strategies and plans.

    Such forward-looking statements reflect the current
views of the Company with respect to future events and are
not a guarantee of future performance. Actual results may
differ materially from information contained in the
forward-looking statements as a result of a number of
factors, including, without limitation, any changes in our
relationships with telecommunication operators in China and
elsewhere, the effect of competition on the demand for the
price of our services, changes in customer demand and usage
preference for our products and services, changes in the
regulatory policies by relevant government authorities, any
changes in telecommunications and related technology and
applications based on such technology, and changes in
political, economic, legal and social conditions in China,
India and other countries where the Company conducts
business operations, including, without limitation, the
Chinese government's policies with respect to economic
growth, foreign exchange, foreign investment and entry by
foreign companies into China's telecommunications market. 
Please also see "Item 3 -- Key Information -- Risk
Factors" section of the Company's 2005 annual report
on Form 20-F as filed with the United States Securities and
Exchange Commission.

    Conference Call

    TOM Online's management will hold an investor
conference call at 8.00 PM Hong Kong time (8.00 AM EDT) on
August 10, 2006 to present an overview of the Company's
second quarter financial performance and business
operations during the period.
 
    The dial-in numbers for the call are:

    Australia: 1-800-504-629; China A (China Netcom
subscribers): 10800-852-0607; China B (China Telecom
subscribers): 10800-152-0607; Hong Kong: 2258-4000; India:
000-800-852-1115; Singapore: 800-852-3237; United Kingdom:
0800-068-9056; USA: 800-365-8460.

    Password: TOM Online.

    The conference call will be accompanied by a slide
presentation on http://ir.tom.com .

    An audio replay of the call can be accessed by dialing
[phone]; password: 784870.  The audio replay will be
kept for seven days.

    About TOM Online Inc.

    TOM Online Inc. (Nasdaq: TOMO; HK GEM stock code: 8282)
is a leading wireless Internet company in China providing
value-added multimedia products and services.  A premier
online brand in China targeting the young and trendy
demographic, the Company's primary business activities
include wireless Internet services and online advertising. 
The Company offers an array of products such as SMS, MMS,
WAP, wireless interactive voice response services, content
channels, search and classified information, free and
fee-based advanced email and online games.  As at June 30,
2006, TOM Online is the only portal in China that enjoyed a
top three ranking in every wireless Internet services
segment.


    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS

                                Three months ended     Six
months ended 
                                     June 30,             
June 30,     
                                  2005       2006       
2005      2006 
                                (in thousands of U.S.
dollars, except
                                 number of shares & per
share amounts)
    Revenues:                                              
                 
                                                           
             
    Wireless Internet services  40,666     45,711      
74,106    91,204 
                                                           
             
    Advertising                  1,837      3,889       
3,422     6,591 
    Commercial enterprise                                  
             
     solutions and Others          274        495         
530       879 
                                                           
             
    Total revenues              42,777     50,095      
78,058    98,674 
    Cost of revenues:                                      
             
    Cost of services *         (24,993)   (31,048)    
(46,380)  (59,663)
      Total cost of revenues   (24,993)   (31,048)    
(46,380)  (59,663)
                                                           
             
    Gross profit                17,784     19,047      
31,678    39,011 
    Operating expenses:                                    
             
      Selling and marketing                                
             
       expenses *               (2,008)    (1,977)     
(3,185)   (3,428)
       General and administrative                          
          
        expenses  *             (5,871)    (5,406)     
(9,925)  (12,636)
       Product development                                 
             
        expenses  *               (358)      (384)       
(616)     (838)
       Amortization of                                     
             
        intangibles               (213)      (233)       
(559)     (414)
                                                           
             
       Total operating expenses (8,450)    (8,000)    
(14,285) (17,316)
                                                           
             
    Income from operations       9,334     11,047      
17,393    21,695 
    Other income/ (loss):                                  
             
                                                           
             
      Net interest income          696        396       
1,815       884 
      Gain on disposal of                                  
             
       available-for-sale                                  
           
       securities                  450         --         
450        -- 
                                                           
             
    Loss on issuance of shares by                          
             
     a subsidiary                  (69)        --         
(69)       -- 
                                                           
             
    Exchange gain                   --         40          
--       958 
                                                           
       
     Income before tax          10,411     11,483      
19,589    23,537 
                                                           
             
     Income tax (expenses)/credit  (92)       119        
(112)      179 
                                                           
             
     Income after tax           10,319     11,602      
19,477    23,716 
                                                           
             
     Minority interests            (76)       149         
(73)      170 
     Net income attributable to                            
             
      shareholders              10,243     11,751      
19,404    23,886 
                                                           
             
     Earnings per ordinary share                           
             
      - basic (cents):           0.25       0.28         
0.48      0.56 
     Earnings per ordinary share                           
             
      - diluted (cents):         0.24       0.27         
0.46      0.55 
                                                           
             
     Earnings per ADS - basic                              
             
      (cents):                   19.9       22.1         
38.7      45.0 
     Earnings per ADS - diluted                            
             
      (cents):                   19.5       21.8         
37.0      44.4 
                                                           
             
    Weighted average number of 
     shares used in computing 
     Earnings Per Share:                                   
       
       Ordinary shares, 
        basic          4,120,138,667 4,257,675,421
4,008,787,949 4,249,142,166 
                                                           
            
      Ordinary shares, 
       diluted         4,200,355,503 4,317,457,860
4,200,355,503 4,304,992,421  
                                                   
                                  
                                                           
             
    American Depositary 
     Shares, basic         51,501,733   53,220,943   
50,109,849   53,114,277 
    American Depositary 
     Shares, diluted       52,504,444   53,968,223   
52,504,444   53,812,405 
                                                           
             
    *Share-based compensation                              
             
     cost included under SFAS 123 R                        
                            
    Cost of revenues               --          24          
--         48 
    Selling and marketing                                  
              
     expenses                      --           1          
--          2 
    General and administrative                             
             
     expenses                      --         731          
--      1,476 
    Product development expenses   --           8          
--         16 
    Total                          --         764          
--      1,542 


    Summary of principal differences between US GAAP and HK
GAAP

                                           Three months    
Six months ended 
                                          ended June 30,   
    June 30,     
                                           2005    2006    
  2005     2006 
                                            (in thousands
of U.S. dollars)   
                                                           
             
    Net income attributable to                             
             
     shareholders under US GAAP           10,243  11,751   
 19,404   23,886 
    Reconciliation adjustments, net of                     
             
     tax:                                                  
             
    Share-based compensation**            (1,140)     --   
 (2,619)      34 
    Net income attributable to                             
             
     shareholders under HK GAAP            9,103  11,751   
 16,785   23,920 

    **Since January 1, 2005, the Group has adopted the Hong
Kong Financial 
      Reporting Standard 2 "Share-based Payment"
("HKFRS2"), which requires 
      an entity to recognize share-based payment
transactions in its financial 
      statements for share options that were granted after
November 7, 2002 
      and had not yet vested at the effective date of
HKFRS2.  The Company has 
      adopted SFAS 123R since January 1, 2006.  The GAAP
difference in 2006 
      reflects that the cost of options granted before
November 7, 2002 was 
      recognized under US GAAP while not recognized under
HK GAAP. 

                                                           
     
                                                   December
31,      June 30, 
                                                       2005
           2006 
                                                (in
thousands of U.S. dollars)          
                                                           
                 
    Total assets under US GAAP                       
446,007        525,372 
    Reconciliation adjustments, net of tax:                
             
     Reversal of amortization of intangibles which         
              
      were recognized as goodwill under HK GAAP        
5,040          5,040                  
                                                           
             
    Total assets under HK GAAP                       
451,047        530,412 



                                                   December
31,      June 30, 
                                                       2005
          2006 
                                                (in
thousands of U.S. dollars)          
                                                           
                 
    Net assets under US GAAP                        
329,110        366,339 
    Reconciliation adjustments, net of tax:                
             
     Reversal of amortization of intangibles which         
              
      were recognized as goodwill under HK GAAP       
5,040          5,040                   
    Net assets under HK GAAP                        
334,150        371,379 


    Reconciliation from non-GAAP financial measures to the
nearest US GAAP measures:
                                            Three months   
 Six months ended 
                                           ended June 30,  
     June 30,     
                                           2005     2006   
   2005     2006 
                                            (in thousands
of U.S. dollars)    
                                                           
             
    Income from operations                9,334   11,047   
 17,393   21,695 
    Add back:  Depreciation               1,732    2,102   
  3,310    4,194 
             Amortization                   213      233   
    559      414 
    EBITDA                               11,279   13,382   
 21,262   26,303 
    Add back:  Share-based compensation      --      764   
     --    1,542 
    Adjusted EBITDA                      11,279   14,146   
 21,262   27,845 
                                                           
             
    Net income attributable to                             
             
     shareholders                        10,243   11,751   
 19,404   23,886 
    Add back: Share-based compensation       --      764   
     --    1,542 
    Non-GAAP net income                  10,243   12,515   
 19,404   25,428 



    For more information, please contact:

     Rico Ngai
     TOM Online Inc.
     Tel:    [phone] x6940
     Mobile: [phone]
     TOM-Skype: ricoinrio

SOURCE  TOM Online Inc.

Classic Car Enthusiast Unable to Take Part in Amsterdam-Beijing Rally Comes Up With Classic Rally Game Instead

Classic Car Enthusiast Unable to Take Part in Amsterdam-Beijing Rally Comes Up With Classic Rally Game Instead

August 10, 2006

-- Tasting the Excitement after all

    OUDE-TONGE, Netherlands, Aug. 10 /Xinhua-PRNewswire/ --
Gert-Paul van't Hoff (40) saw his boyhood dream go up in
smoke. After preparing for two years, he was forced to
withdraw (team 76) from the Beijing Classic Car Endurance
Rally 2006 on account of a fractured vertebra.  But Van't
Hoff -- an optimist in heart and soul -- found a way to
taste the excitement of the rally after all.  What's more,
now the rally's 'open' to everyone, thanks to the Classic
Rally Game.

    The most exciting and spectacular event for classic
cars ever: that what fans have called Beijing Classic Car
Endurance Rally 2006. The four weeks revolve round
sportsmanship, culture, camaraderie  andadventure. But that
was unfortunately not in the cards for team 76 -- or was it?


    Excitement in the cards

    Now the stunning classic 1973 Porsche must simply wait
in a dark garage for its time to come. Until then, there's
always the card game.  Invented as an alternative way to
get in on the rally, it gives those who cannot take part a
real taste of the rally.

    Picturing a host of classic cars, the game is used to
play out the Amsterdam-Beijing Rally (versions for other
rallies are also possible). To win, Classic Rally Game
players must brave punctures, empty tanks and crashes. The
winner is the first player or team to cross the finishing
line after having overcome the various obstacles.

    The game has turned out to be a great success. In fact,
all games were sold out while still in production. The
second series went into production even before the first
was out on the market. The game is available in six
different languages. Classic Rally Game aims to distribute
primarily via partner network, with for example, car clubs
that is growing rapidly. 

    For more information on the Classic Rally Game, please
visit http://www.classicrallygame.com .

    About 4U&Co BV

    The game is developed by G.P. van't Hoff and published
by 4U&Co BV, PO Box 10 in Oude-Tonge, the Netherlands,
fax [phone], telephone [phone], email
[e-mail] . 4U&Co is involved in other
innovations and car games. 4U&co BV intends to find a
partner in China for production and distribution. 

    For more information, please contact:

     G.P. van't Hoff, Developer 
     Tel:   [phone] 
     Email: [e-mail] 

SOURCE  4U&Co BV

Instra Corporation Launches ASIA Registry for Asia Pacific Domain Names

Instra Corporation Launches ASIA Registry for Asia Pacific Domain Names

August 10, 2006

    MELBOURNE, Australia, Aug. 10 /Xinhua-PRNewswire/ -- 
 
    -- Instra Corporation Moves Into Asia 
    -- Asia Registry website opens
    -- ICANN announce final preparations for the .asia
Registry 
    -- Instra now supporting ccTLD's for .hk, .my, .sg,
.in.

    Instra Corporation, a world leading Domain Name and
ENUM registrar is proud to announce the launch of Asia
Registry, a specialized domain name registration service
covering Asia Pacific ccTLD's. This development coincides
with announcements relating to Asia Pacific's new identity,
the .ASIA Top Level Domain, which is expected to be as
popular as the recent .EU for the European Union. 

    The importance of this vast Asian market, which is
right on Instra Corporation's doorstep, represents a key
business opportunity for ccTLD's including Hong Kong,
China, Japan, Malaysia, India, Singapore, Indonesia and
Australasia, as the explosion of digital brand services
such as Domain Names continues to surge throughout the
world. 

    Instra Corporation's CEO, Tony Lentino comments,
"Take a look at the potential growth that the Asian
region offers. Asia has the largest number of phone lines
of any region of the world -- almost twice the number of
phones in North and South America combined, and 85% more
than Western Europe. Phone lines mean Internet connections,
which mean Domain Names -- our market."

    Figures published by the International Telecoms Union
(ITU) in Geneva, show that Asia represents some 60% of the
world's 6.7 billion population, and accounts for 25% of the
world's US$ 37 trillion economic production, as well as 40%
of the world's telephone connections.

    To emphasise this development, ICANN, who organise the
Internet worldwide, have recently announced the proposed
registry agreement between ICANN and DotAsia Organisation
Limited. If approved by the ICANN Board, DotAsia Limited
will be designated as the registry operator for the .ASIA
gTLD registry.
   
    Instra Corporation is a worldwide player in the Domain
Name industry and is actively gaining global experience
with registry accreditations in the area of ENUM. This Next
Generation technology brings total convergence to Domain
Names, Telephone numbers and E-mail addresses. 

    Instra is involved with ENUM across many countries
including Switzerland, Germany Austria, North America and
is working together with ACMA (Australian Communications
and Media Authority) for the Australian ENUM Trial. 

    For more information about Instra Corporation and Asia
Registry, please visit the following websites:

    http://www.asiaregistry.com/
    http://www.instra.com/

    For more information, please contact:

     Phillip Parker, 
     Business Development, 
     Melbourne 
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Instra Corporation

Raritan's Award-Winning CommandCenter NOC Localized for Global Markets

Raritan's Award-Winning CommandCenter NOC Localized for Global Markets

August 10, 2006

-- IT Performance and Security Monitoring Appliance Now Supports Chinese, English, French, German and Japanese --

    SOMERSET, N.J., Aug. 10 /Xinhua-PRNewswire/ -- Raritan
-- a leading provider of solutions to simplify IT
operations -- today released a multi-language version of
its award-winning CommandCenter(R) NOC (CC-NOC) management
appliance.  The new version -- which supports Chinese
(Traditional and Simplified), English, French, German and
Japanese simultaneously -- enables Raritan to enter new
global markets, as well as address the needs of U.S.-based
global IT organizations. 

    CC-NOC keeps IT infrastructures under constant scrutiny
in order to guard against network outages, degradation,
performance slowdowns, security weaknesses and incoming
attacks.  It enables businesses -- midmarket companies and
divisions of larger firms -- to identify and solve cost
effectively and efficiently a wide range of IT problems
before they impact service.

    "Our new CC-NOC product enables a global IT
organization to implement a `follow-the-sun' approach to
provide 24/7 support.  The new model enables IT support
staff to view and enter information in their native
language," said Raritan Product Manager James
Cerwinski.  "The GUI and asset, SNMP and Windows
Management data, for example, are presented in the specific
language set on the individual's browser.  CC-NOC helps
customers increase service availability and performance,
reduce security risks and improve the productivity of their
staffs -- no matter where in the world they are
located."
    
    CC-NOC -- Identifies, Diagnoses and Resolves IT
Problems

    Through a comprehensive dashboard accessed through
virtually any Internet browser, Raritan's CC-NOC provides
availability and performance data on network, systems and
applications.  In addition, it identifies and keeps track
of hardware and software assets, and monitors for security
vulnerabilities and intrusions.  

    CC-NOC is designed to work with Raritan's CommandCenter
Secure Gateway that provides in-band and out-of-band remote
access to servers and other IT infrastructure equipment. 
When trouble occurs anywhere in the network, CommandCenter
NOC sends an e-mail alert that contains a link to both
diagnostic information about the device that triggered the
alarm and to instant, "click-and-fix" out-of-band
access to the distressed device.  Should users need to
reboot remote servers in order to get services back online,
they can power cycle servers using the IPMI (Intelligent
Platform Management Interface) built into CommandCenter
Secure Gateway.  More on both products can be found at
http://www.IntegratedControlandManagement.com .

    About Raritan (Raritan.com)

    Raritan, based in Somerset, N.J., is a leading provider
of products for managing IT equipment and the
mission-critical applications and services that run on it. 
Raritan's highly reliable and responsive IT management
solutions -- based on KVM (Keyboard, Video, Mouse)
switches, serial console servers, management software and
remote connectivity products -- enable companies to
proactively monitor and manage system health and
vulnerability, as well as troubleshoot, access and repair
faults from anywhere, at anytime.  This simplifies and
accelerates data center work processes -- improving service
uptime and staff productivity.  Raritan's solutions are used
to manage more than 50,000 data centers and other IT sites
around the world.  Raritan also serves the OEM market by
developing advanced, hardware-based, remote-management
components based on digital KVM-over-IP and IPMI
technology.  Founded in 1985, Raritan is celebrating more
than 20 years of technical innovation.  Raritan has 36
offices worldwide, and its products are distributed in 76
countries.  For more information, please visit
http://www.Raritan.com . 

    All marks are the property of their respective owners.

    For more information, please contact:

     Susana Thompson
     The Harbor Group for Raritan
     Tel:   [phone]
     Email: [e-mail] 

SOURCE  Raritan

HUGHES Awarded Multiple Contracts by Thuraya

HUGHES Awarded Multiple Contracts by Thuraya

August 10, 2006

Major Mobile Satellite Operator Chooses Hughes to Develop Advanced Products for Customers in Africa, Asia, the Middle East and Europe

    GERMANTOWN, Md., Aug. 10 /Xinhua-PRNewswire/ -- Hughes
Network Systems, LLC (HUGHES), the world's leading provider
of broadband satellite solutions and services, today
announced it has signed multiple contracts with Thuraya
Satellite Telecommunications, a leading mobile satellite
voice and data service provider with coverage reaching
nearly one-third of the world's population. The contracts,
worth nearly $60 million, call for the development and
supply of a high-speed mobile data system, including a
gateway and 2000 mobile/transportable terminals; the
addition of a Secondary Gateway Ground Station and Advanced
Operations Center to be installed at a new site in UAE; and
the provision of 1500 additional mobile system voice
circuits.  The agreements build on a multi-year
relationship between Hughes and Thuraya, which began in
1997.

    Currently serving 250,000 customers with high-quality
mobile voice and data services, Thuraya is one of the
world's leading satellite operators, with coverage reaching
more than two billion people across Europe, North and
Central Africa as well as large parts of Southern Africa,
the Middle East, Central and South Asia.  The new
high-speed data system with accompanying satellite
terminals will enable Thuraya to offer its customers
broadband data services of up to 384 Kbps over an IP-based
network.

    "We have long trusted Hughes to supply reliable,
high-quality networks, terminals and portable handsets for
our successful mobile satellite service throughout our
coverage area," said Mr. Yousuf Al Sayed, Chief
Executive Officer, Thuraya.  "This new system and
products will significantly enhance our service
propositions, bringing true broadband data and related
value-added applications to our rapidly growing customer
base.  We're excited about these opportunities to expand
our business and look forward to continuing our successful
relationship with Hughes."

    "We are proud to have been chosen by Thuraya to
build these advanced new products and to continue our
relationship from inception as their primary technology
supplier," said Bahram Pourmand, executive vice
president, International, Hughes.  "Thuraya clearly
stands out as one of the world's most successful mobile
satellite service businesses."

    In addition to the new high-speed data system, Hughes
will supply a Secondary Gateway that will act as a
redundant gateway, and also perform load sharing functions
for the existing Primary Gateway located in the UAE. 

    Hughes will also supply Thuraya with 1500 additional
mobile system voice circuits.  These additional voice
circuits will enable Thuraya to approximately double the
250,000-plus subscribers on its existing system, utilizing
portable, cellphone-sized handsets that combine satellite,
GSM cellular and GPS functionality. 

    About Thuraya

    Thuraya Satellite Telecommunications Company offers
cost-effective, satellite-based mobile telephone services
to nearly one third of the globe, utilizing its regional
mobile telecommunications via satellite (GMPCS) system.
Through partnerships with leading national
telecommunications and mobile communications companies,
Thuraya provides blanket coverage to more than 120
countries in Europe, the Middle East, North and Central
Africa, large parts of Southern Africa, the CIS countries,
as well as Central and South Asia -- a landmass inhabited
by an estimated 2.3 billion people.  The company will
launch its third satellite in early 2007 to expand its
coverage area to include the Far East and Australia.

    Thuraya was established in April 1997 in the United
Arab Emirates, as a private joint stock company.  The
shareholders of Thuraya are twenty-one prominent national
telecommunications operators and investment houses.  For
more information about the Thuraya service, please visit
http://www.thuraya.com .

    About Hughes Network Systems

    Hughes Network Systems, LLC (HUGHES) is the global
leader in providing broadband satellite networks and
services for large enterprises, governments, small
businesses, and consumers.  HughesNet(TM) encompasses all
broadband solutions and managed services from Hughes,
bridging the best of satellite and terrestrial
technologies.  To date, Hughes has shipped more than one
million systems to customers in over 100 countries.  Its
broadband satellite products are based on the IPoS (IP over
Satellite) global standard, approved by the TIA, ETSI, and
ITU standards organizations.

    Headquartered outside Washington, D.C., in Germantown,
Maryland, USA, Hughes maintains sales and support offices
worldwide.  Hughes is a wholly owned subsidiary of Hughes
Communications, Inc. (OTC Bulletin Board: HGCM). For
additional information, please visit http://www.hughes.com
.

    HUGHES, HUGHESNET, and IPOS are trademarks of Hughes
Network Systems, LLC. 

    For more information, please contact:

     Judy Blake 
     Hughes Network Systems, LLC
     Tel:   [phone]
     Email: [e-mail]

     Colleen Stroh of Brodeur
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Hughes Network Systems, LLC

3G Dynasty Enters Strategic Partnership with Blogolb.com

3G Dynasty Enters Strategic Partnership with Blogolb.com

August 10, 2006

    HONG KONG, Aug. 10 /Xinhua-PRNewswire/ -- Telecom
Communications, Inc. (OTC Bulletin Board: TCOM) today
announced its subsidiary, 3G Dynasty Inc. (3G) has entered
into a strategic partnership with Blogolb.com (
http://www.blogolb.com ), the largest online music, video
blog website in China.
    Under the agreement, 3G will show the best music and
video clips of Blogolb.com to the mobile phone, as well as
process MMS, Ring Back Tong and Coloring Ring tone download
through mobile phones for SEO4Mobile users.

    Commenting on the partnership, Mr. Tim Chen, CEO said:
"I am extremely excited about having partnered with
Blogolb.com, the pioneer of consumer Chinese media platform
for people to upload original music blog and videos, listen,
watch and share music and videos worldwide through a Web
experience. I believe, by leveraging on 3G technology
status in SEO4Mobile and the rich user content resources of
blogolb.com, we are confident this venture will be a very
profitable one for our bottom line."

    About Telecom Communications, Inc. 

    Telecom Communications, Inc. (TCOM) is a Total
Solutions Provider that offers Integrated Communications
Network Solutions and Internet Content Service in universal
voice, video, data, web and mobile communications for
interactive media applications, technology and content
leaders in interactive multimedia communications.  It
develops, markets and sells a universal media software
solution for enterprise-wide deployment of integrated
voice, video, data, web and mobile communications and media
applications. Telecom Communications, Inc. does business in
Asia via its wholly owned subsidiaries, Alpha Century
Holdings Ltd. ( http://www.subaye.com ), IC Star MMS, Ltd.
( http://www.icstarmms.com ) and 3G Dynasty Inc. 
(http://www.skyestar.com ). 

    About Blogolb.com 

    Blogolb.com ( http://www.blogolb.com ) is a consumer
media platform for people to upload original music blog and
videos, listen, watch and share music and videos worldwide
through a Web experience.

    Everyone can listen to music, post blog and watch
videos on Blogolb.com -- both on Blogolb.com and across the
Internet. People can see first-hand accounts of current
events, find music and videos about their hobbies and
interests, and discover the quirky and unusual. As more
people capture special moments on music and video,
Blogolb.com is empowering them to become the broadcasters
of tomorrow.

    Blogolb.com is a place for people to engage in new ways
with video, music, blog by sharing, commenting on, and
viewing videos. Blogolb.com originally started as a
personal music, blog and video sharing service, and has
grown into an entertainment destination with people listen
music, watching videos on the site daily.  Blogolb.com is
building a community that is highly motivated to listen,
watch and share music blog and videos. 

    Safe Harbor 

    The statements made in this release constitute
"forward-looking" statements, usually containing
the words "believe," "estimate,"
"project," "expect," or similar
expressions. These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements inherently
involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such
differences include, but are not limited to, changing
economic conditions, interest rates trends, continued
acceptance of the Company's products in the marketplace,
competitive factors and other risks detailed in the
Company's periodic report Filings with the Securities and
Exchange Commission. By making these forward-looking
statements, the Company undertakes no obligation to update
these statements for revisions or changes after the date of
this release. 

    For more information, please contact:

     Ms. Sandy Tang
     Telecom Communications, Inc.
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Telecom Communications, Inc.

The9 Reports Second Quarter 2006 Unaudited Financial Results

The9 Reports Second Quarter 2006 Unaudited Financial Results

August 10, 2006

    SHANGHAI, China, Aug. 10 /Xinhua-PRNewswire/ -- The9
Limited (Nasdaq: NCTY), a leading online game operator in
China, today announced its unaudited financial results for
the quarter ended June 30, 2006.

    Second Quarter 2006 Financial Highlights:

    - Net revenues for the second quarter of 2006 grew by
21% quarter-over-
      quarter and 363% year-over-year to RMB257.6 million
(US$32.2 million).

    - Net revenues attributable to the operation of
Blizzard 
      Entertainment(R)'s World of Warcraft(R)
("WoW"), which include revenues 
      from game playing time, merchandise and installation
package sales, were 
      RMB256.2 million (US$32.0 million) in the second
quarter of 2006, an 22% 
      increase from the previous quarter. 

    - Net income for the second quarter of 2006 was RMB84.3
million 
      (US$10.5 million), a 43% increase from RMB58.8
million (US$7.4 million) 
      in the first quarter of 2006. Excluding RMB11.2
million (US$1.4 million) 
      financial subsidy received from the local government
in China in the 
      second quarter of 2006, net income for the second
quarter of 2006 
      increased by 24% sequentially from the first quarter
of 2006.

    - EBITDA (non-GAAP) was RMB124.7 million (US$15.6
million) in the 
      second quarter, compared with EBITDA (non-GAAP) of
RMB99.6 million 
      (US$12.5 million) in the first quarter of 2006, an
increase of 25%.  

    - Fully diluted earnings per share (one American
Depositary Share "ADS" 
      represents one ordinary share) were RMB3.42 (US$0.43)
for the second       
      quarter of 2006 compared with RMB2.42 (US$0.30) for
the first quarter of 
      2006.  Fully diluted EBITDA (non-GAAP) per share were
RMB5.06 (US$0.63) 
      for the second quarter of 2006 compared with RMB4.10
(US$0.51) for the 
      first quarter of 2006. 

    Management Comments:

    Commenting on the second quarter 2006 results, Jun Zhu,
Chairman and Chief Executive Officer of The9 Limited, said,
"We are very pleased to report financial results for
the second quarter 2006 with strong top line and bottom
line growth.  In the second quarter, Blizzard
Entertainment(R)'s World of Warcraft(R) attained peak and
average concurrent WoW users of approximately 630,000 and
330,000, respectively, in mainland China. As of June 30,
2006, over 5 million paid accounts have been activated*.  

    In addition to our already strong game pipeline
consisting of Guild Wars(R), Soul of the Ultimate Nation(R)
and Granado Espada(R), in May 2006, we successfully obtained
the exclusive license to operate the Hellgate: London(R)
game, an action role-playing game ("RPG") in
mainland China, which has further enhanced our game
portfolio.  While WoW continues to enjoy steady growth and
with our game pipeline becoming even stronger, I believe
The9 is well positioned to further capitalize on the growth
of China's online game market."

    Hannah Lee, Vice President and Chief Financial Officer,
commented, "We're encouraged to see Blizzard
Entertainment(R)'s World of Warcraft(R) once again shows
great revenue and earnings momentum in the second quarter
of 2006.  With the continuous growth of the concurrent user
level in the second quarter, we plan to open the 7th server
site for the WoW game in late third quarter this year.  We
are also on track to introduce additional high-caliber
games to the Chinese online game players. Leveraging our
strong game pipeline and brand strength, we will continue
to prove our solid execution abilities to capture a larger
market share in the dynamic online game business in
China."

    (*) Activated paid accounts represent the number of CD
Keys that we sold 
        to customers and have been activated by the
customers to log-on to the 
        World of Warcraft game in China.

    Discussion of The9's Unaudited Second Quarter 2006
Results

    Revenues

    For the second quarter of 2006, The9 reported total
gross revenues of RMB271.3 million (US$33.9 million), a 21%
increase from RMB223.5 million (US$28.0 million) in the
first quarter of 2006.  Total net revenues were RMB257.6
million (US$32.2 million), a 21% increase from RMB212.1
million (US$26.5 million) in the previous quarter.  

    Net revenues attributable to the operation of Blizzard
Entertainment(R)'s World of Warcraft(R), including game
playing time, merchandise and installation package sales,
were RMB256.2 million (US$32.0 million) in the second
quarter of 2006, a 22% increase from the previous quarter. 
For the second quarter of 2006, revenues from game playing
time accounted for 99.9% of total net revenues attributable
to the operation of WoW. 

    For the second quarter of 2006, online game services
gross revenues were RMB269.3 million (US$33.7 million),
increased by 22% from RMB 220.8 (US$27.6 million) from the
first quarter of 2006.

    For the second quarter of 2006, gross revenues from
game operating support, website solutions and
advertisement, which principally relate to game operating
services provided to certain affiliated companies, were
RMB0.9 million (US$0.1 million), a 16% increase from RMB0.8
million (US$0.1 million) in the previous quarter.  The
increase in such revenues was mainly due to the slight
increase of MU revenues.

    Other gross revenues mainly included sales of Blizzard
Entertainment(R)'s World of Warcraft(R) related merchandise
and installation packages.  For the second quarter of 2006,
other gross revenues decreased to RMB1.1 million (US$0.1
million) from RMB1.9 million (US$0.2 million) in the first
quarter of 2006.  

    Gross Profit

    Gross profit for the first quarter of 2006 increased by
31% to RMB124.1 million (US$15.5 million) from RMB95.1
million (US$11.9 million) in the first quarter of 2006. 
Gross profit margin increased to 48% for the second quarter
of 2006 from 45% in the previous quarter.  This increase in
gross profit margin was primarily a result of economies of
scale of certain cost of services components, such as
server depreciation, internet data center rentals and
intangible assets amortization, whereby these costs did not
increase proportionally compared to the increase of our net
revenues.

    Operating Expenses

    For the second quarter of 2006, operating expenses
increased by 41% to RMB54.1 million (US$6.8 million) from
RMB38.3 million (US$4.8 million) in the first quarter of
2006.  The increase was primarily attributable to increased
sales and marketing expenses due to normalized marketing
activities for WoW in the second quarter of 2006 and
increased general and administrative expenses due to higher
professional fees related to the Sarbanes-Oxley compliance.


    Due to the adoption of SFAS 123(R), Share-Based
Payment, effective from January 1, 2006, companies are
required to measure compensation expense for all
share-based payments, including employee stock options, at
fair value.  Share-based compensation expenses, which were
allocated to related expense categories, amounted to RMB4.8
million (US$0.6 million) in the second quarter of 2006
compared to RMB4.5 million (US$0.6 million) in the prior
quarter.

    Profit from Operations

    As a result of the aforementioned factors, for the
second quarter of 2006, profit from operations increased by
23% to RMB70.0 million (US$8.8 million) from RMB56.8 million
(US$7.1 million) in the first quarter of 2006. 

    Other Income (Expenses)

    Other income for the second quarter of 2006 was RMB10.8
million (US$1.4 million) compared to other expenses of
RMB0.5 million (US$0.06 million) in the first quarter of
2006.  This was primarily because in the second quarter of
2006, we received a financial subsidy from the local
government which amounted to RMB11.2 million (US$1.4
million), whereas no similar financial subsidy was received
in the first quarter of 2006.

    Equity in Profit of Affiliated Companies

    For the second quarter of 2006, equity in profit from
affiliated companies, net of taxes, amounted to RMB0.4
million (US$0.05 million), compared to equity in profit
from affiliated companies of RMB1.1 million (US$0.1
million) for the first quarter of 2006.  This decrease was
mainly because the profit contributed from the joint
venture that operates Blizzard Entertainment(R)'s World of
Warcraft(R) in other regions of Greater China, of which we
have a 30% equity interest, decreased compared to the
previous quarter, and withholding income tax was accrued.

    Net Income

    For the second quarter of 2006, net income was RMB84.3
million (US$10.5 million), which included share-based
compensation expenses of RMB4.8 million (US$0.6 million),
increasing 43% from RMB58.8 million (US$7.4 million), which
included share-based compensation expenses of RMB4.5 million
(US$0.6 million) in the first quarter of 2006.  This was a
result of the cumulative effect of the foregoing factors. 
Fully diluted earnings per share and per ADS for the second
quarter of 2006 was RMB3.42 (US$0.43), compared to RMB2.42
(US$0.30) in the first quarter of 2006.

    EBITDA (non-GAAP) is defined as earnings or loss,
respectively, before depreciation of fixed assets,
impairment and amortization of intangibles and income tax
expenses/benefits, as applicable.  For the second quarter
of 2006, EBITDA (non-GAAP) was RMB124.7 million (US$15.6
million), compared to EBITDA (non-GAAP) of RMB99.6 million
(US$12.5 million) for the previous quarter.

    For the second quarter of 2006, fully diluted EBITDA
(non-GAAP) per share was RMB5.06 (US$0.63) compared with
RMB4.10 (US$0.51) for the previous quarter.

    As of June 30, 2006, the Company's total cash and cash
equivalents balance was RMB657.8 million (US$82.3 million),
compared to the total cash and cash equivalents of RMB611.7
million (US$76.5 million) as at March 31, 2006.  The
increase was mainly due to the proceeds received from the
sales of prepaid cards, offset in part by prepaid royalty
payments to the licensor relating to Blizzard
Entertainment(R)'s WoW's China operations and the cash
payments relating to the license fee of the Hellgate:
London(R) game for which we obtained an exclusive license
to operate in China in the second quarter of 2006.

    The conversion of Renminbi (RMB) into U.S. dollars
(US$) in this press release is based on the noon buying
rate in The City of New York for cable transfers in
Renminbi per U.S. dollar as certified for customs purposes
by the Federal Reserve Bank of New York as of June 30,
2006, which was RMB7.9943 to US$1.00.  The percentages
stated in this press release are calculated based on the
RMB amounts.

    Non-GAAP Measure

    To supplement the consolidated financial statements
presented in accordance with accounting principles
generally accepted in the United States ("US
GAAP"), The9 uses the non-GAAP measure of EBITDA,
which is adjusted from the most directly comparable
financial measures calculated and presented in accordance
with GAAP to exclude certain expenses.  The non-GAAP
financial measure is provided to enhance investors' overall
understanding of the Company's operating performance.

    EBITDA (non-GAAP) is defined as earnings and loss,
respectively, before depreciation of fixed assets,
amortization of intangibles and income tax
expenses/benefits, as applicable.  The Company believes its
EBITDA provides useful information to both management and
investors as it excludes certain expenses that are not
expected to result in future cash payments.  The use of
EBITDA has certain limitations. Depreciation and
amortization expense for various assets and income tax
expenses/benefits have been and will be incurred and are
not reflected in the presentation of EBITDA.  Each of these
items should also be considered in the overall evaluation of
our results. EBITDA should not be considered as a measure of
our liquidity.  We compensate for these limitations by
providing the relevant disclosure of our depreciation and
amortization, and income tax expenses/benefits in our
reconciliations to the U.S. GAAP financial measure, which
should be considered when evaluating our performance. 
EBITDA is not defined under U.S. GAAP, and our EBITDA is
not a measure of net income, operating income, operating
performance or liquidity presented in accordance with U.S.
GAAP.  When assessing our operating performance, you should
not consider this data in isolation or as a substitute for
our net income, operating income or any other operating
performance measure that is calculated in accordance with
U.S. GAAP.  In addition, our EBITDA may not be comparable
to similarly titled measures utilized by other companies
since such other companies may not calculate EBITDA in the
same manner as we do.  For more information on this
non-GAAP financial measure, please see the tables captioned
"Reconciliation of non-GAAP to GAAP results" set
forth at the end of this release.

    Recent Developments

    In late July 2006, The9, through a subsidiary, made an
equity investment in a joint venture. This joint venture
has the exclusive rights to operate two top-rated massively
multiplayer online role playing games ("MMORPG"),
namely, Granado Espada(R) and Hellgate: London(R), in eight
Southeast Asia countries, and it aims to become the leading
operator and distributor of online games in Southeast Asia
through strategic alliances with other top online game
operators in the region.

    Conference Call / Webcast Information

    The9's management team will host a conference call on
Wednesday, August 9, 2006 at 9:00 PM, U.S. Eastern Time,
corresponding with Thursday, August 10, 2006 at 9:00 AM
Beijing Time, to present an overview of The9's financial
performance and business operations.

    Investors, analysts and other interested parties will
be able to access the live conference by calling
[phone], password "81178862."  In the
U.S., members of the financial community may also
participate in the call by dialing toll-free
[phone], password "81178862".  A replay
of the call will be available through August 16, 2006.  The
dial-in details for the replay: U.S. toll free number
[phone], International dial-in number
[phone]; Password "17583158".

    The9 Limited will also provide a live webcast of the
earnings call.  Participants in the webcast should log onto
the Company's web site www.corp.the9.com 15 minutes prior to
the call, then click on the icon for "Q2 2006 The9 Ltd.
Earnings Conference Call" and follow the instructions.

    About The9 Limited

    The9 Limited is a leading online game operator in
China. The9's business is primarily focused on operating
and developing MMORPGs for the Chinese online game players
market.  The9 directly or through affiliates operates
licensed MMORPGs, consisting of Blizzard Entertainment's
World of Warcraft(R), MU(R) and Mystina Online(R), in
China.  It has also obtained exclusive licenses to operate
additional MMORPGs in China, including Granado Espada(R),
Soul of The Ultimate Nation(R), Guild Wars(R), and
Hellgate: London(R).  In addition, The9 has developed its
first proprietary MMORPG titled "Joyful Journey
West", which entered all-access public open beta
testing in August 2005, and is also working on the
development of a casual game "Super Girl Online"
and a fantasy MMORPG game "Fantasy Melody
Online".

    Safe Harbor Statement

    This announcement contains forward-looking statements. 
These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform
Act of 1995.  These forward-looking statements can be
identified by terminology such as "will,"
"expects," "anticipates,"
"future," "intends," "plans,"
"believes," "estimates" and similar
statements.  Among other things, the business outlook and
quotations from management in this press release contain
forward-looking statements.  The9 may also make written or
oral forward-looking statements in its periodic reports to
the U.S. Securities and Exchange Commission on Forms 20-F
and 6-K, etc., in its annual report to shareholders, in
press releases and other written materials and in oral
statements made by its officers, directors or employees to
third parties.  Statements that are not historical facts,
including statements about The9's beliefs and expectations,
are forward-looking statements.  Forward-looking statements
involve inherent risks and uncertainties.  A number of
important factors could cause actual results to differ
materially from those contained in any forward-looking
statement.  Potential risks and uncertainties include, but
are not limited to, The9's limited operating history as an
online game operator, political and economic policies of
the Chinese government, the laws and regulations governing
the online game industry, information disseminated over the
Internet and Internet content providers in China,
intensified government regulation of Internet cafes, The9's
ability to retain existing players and attract new players,
license, develop or acquire additional online games that
are appealing to users, anticipate and adapt to changing
consumer preferences and respond to competitive market
conditions, and other risks and uncertainties outlined in
The9's filings with the U.S. Securities and Exchange
Commission, including its annual reports on Form 20-F. 
The9 does not undertake any obligation to update any
forward-looking statement, except as required under
applicable law.



    THE9 LIMITED
    CONSOLIDATED STATEMENTS OF INCOME
    (Expressed in Renminbi - RMB and US Dollars - US$,
except share data)

                                             Quarter Ended
                              June 30,    March 31,    
June 30,     June 30,    
                                2005        2006         
2006         2006
                                RMB         RMB          
RMB          US$
                            (unaudited)  (unaudited) 
(unaudited)  (unaudited)
    Revenues:
     Online game services    55,257,690  220,780,344 
269,297,417  33,686,178
     Game operating
      support, website
      solutions and   
      advertisement           1,111,081      755,100     
877,805     109,804
     Other revenues           2,119,558    1,929,118   
1,118,881     139,960
                             58,488,329  223,464,562 
271,294,103  33,935,942
    
    Sales Taxes              (2,791,864) (11,317,419)
(13,678,907) (1,711,083)
    
    Net Revenues             55,696,465  212,147,143 
257,615,196  32,224,859
    
    Cost of Services       
(25,571,664)(117,045,133)(133,494,332)(16,698,689)
    
    Gross Profit             30,124,801   95,102,010 
124,120,864  15,526,170
    
    Operating Expenses:
     Product development    (21,594,703)  (8,906,763) 
(8,949,190) (1,119,446)
     Sales and marketing    (20,839,936) (11,026,504)
(18,866,530) (2,359,998)
     General and      
      administrative        (13,693,916) (18,337,604)
(26,331,381) (3,293,769)
    
    Total operating    
     expenses:              (56,128,555) (38,270,871)
(54,147,101) (6,773,213)
    
    Profit (Loss) from 
     operations             (26,003,754)  56,831,139  
69,973,763   8,752,957
    Interest income, net      3,781,730    1,208,529   
2,424,839     303,321
    Other income       
     (expenses), net          5,219,079     (498,355) 
10,826,408   1,354,266
    
    Income before income 
     tax benefit (expense),
     minority interest and      
     equity in profit 
     (loss) of affiliated        
     companies              (17,002,945)  57,541,313  
83,225,010  10,410,544
    Income tax benefit 
     (expense)               (3,577,497)     188,891     
670,935      83,927
    Minority interests        1,576,699            -       
    -           -
    Income before equity
     in profit (loss) of         
     affiliated companies   (19,003,743)  57,730,204  
83,895,945  10,494,471
    Equity in profit 
     (loss) of         
     affiliated companies,
     net of taxes            (4,011,145)   1,077,589     
370,749      46,377
    
    Net Income (loss)       (23,014,888)  58,807,793  
84,266,694  10,540,848
    
    Other comprehensive
     income (loss):
     Translation       
      adjustments                 8,679           37     
(59,383)     (7,428)
    Comprehensive      
     Income (loss)          (23,006,209)  58,807,830  
84,207,311  10,533,420
    
    Earnings per share
      - Basic                     (0.95)        2.42       
 3.44        0.43  
      - Diluted                   (0.95)        2.42       
 3.42        0.43
    
    Weighted average   
     shares outstanding
      - Basic                24,186,250   24,252,920  
24,495,701  24,495,701
      - Diluted              24,186,250   24,301,835  
24,640,329  24,640,329



    THE9 LIMITED
    CONSOLIDATED BALANCE SHEETS
    (Expressed in Renminbi - RMB and US Dollars - US$)

                                                       As
at
                                      December 31,    June
30,      June 30,     
                                         2005          
2006          2006
                                         RMB            RMB
          US$
                                      (unaudited)  
(unaudited)   (unaudited)
    Assets
    Current Assets
      Cash and cash equivalents      488,244,667   
657,777,151    82,280,769
      Accounts receivable             10,593,866     
4,313,019       539,512
      Due from related parties        12,395,125    
13,046,881     1,632,023
      Advances to suppliers            4,289,443    
10,869,284     1,359,629
      Deferred costs                  24,075,214    
31,416,786     3,929,898
      Prepayments and other 
       current assets                 28,395,864    
27,840,246     3,482,513
      Prepaid royalties               42,995,946    
34,356,931     4,297,678
    Total current assets             610,990,125   
779,620,298    97,522,022
    Investments in affiliated      
     companies                        46,835,993    
48,284,332     6,039,845
    Property, equipment and        
     software                        231,436,683   
205,927,773    25,759,325
    Goodwill                          30,199,751    
30,199,751     3,777,660
    Intangible assets                289,035,226   
288,962,210    36,146,030
    Long-term deposits                 3,132,338     
3,132,338       391,821
    Deferred tax assets, 
     non-current                       2,104,464     
3,581,186       447,967
    Total Assets                   1,213,734,580 
1,359,707,888   170,084,670
    
    Liabilities and 
     Shareholders' Equity
    Current Liabilities
      Accounts payable                15,948,674    
11,112,847     1,390,096
      Due to related parties           3,181,004     
4,106,731       513,707
      Other taxes payable              8,123,356     
4,982,104       623,207
      Advances from customers         61,651,267    
71,533,794     8,948,100
      Deferred revenue                76,514,940   
102,585,414    12,832,320
      Other payables and accruals     26,793,070    
32,424,612     4,055,965
      Acquisition related liability   79,537,653           
  -             -
    Total current liabilities        271,749,964   
226,745,502    28,363,395
    Minority interests                         -           
  -             -
    Commitments and contingencies              -           
  -             -
    
    Shareholders' Equity
    Common shares (US$0.01 par     
     value; 24,214,130 shares      
     issued and outstanding as of  
     December 31 2005, 24,497,093  
     issued and outstanding as of  
     June 30 2006)                     2,004,033     
2,026,718       253,520
    Additional paid-in capital       860,068,478   
908,008,422   113,581,980
    Statutory reserves                    54,172    
20,745,422     2,595,027
    Accumulated other comprehensive
     income                               59,346           
  -             -
    Retained earnings                 79,798,587   
202,181,824    25,290,748
    Total shareholders' equity       941,984,616 
1,132,962,386   141,721,275
    Total liabilities and          
     shareholders' equity          1,213,734,580 
1,359,707,888   170,084,670



    THE9 LIMITED
    RECONCILIATION OF NON-GAAP TO GAAP RESULTS
    (Expressed in Renminbi - RMB and US Dollars - US$,
except share data)

                                              Quarter
Ended
                              June 30,     March 31,    
June 30,     June 30,    
                                2005         2006        
2006         2006
                                RMB          RMB         
RMB          US$
                            (unaudited)  (unaudited) 
(unaudited)  (unaudited)
    
    GAAP net income (loss)  23,014,888)  58,807,793  
84,266,694   10,540,848
    Depreciation of fixed   
     assets                  9,415,392   18,030,884  
17,947,284    2,245,010
    Amortization of         
     intangibles               931,769   22,942,091  
23,152,240    2,896,093
    Income tax expense      
     (benefit)               3,577,497     (188,891)   
(670,935)     (83,927)
    EBITDA (Non-GAAP)       (9,090,230)  99,591,877 
124,695,283   15,598,024
    
    GAAP earnings per share
       - Basic                   (0.95)        2.42        
3.44         0.43
       - Diluted                 (0.95)        2.42        
3.42         0.43
    
    Non-GAAP EBITDA per     
     share
       - Basic                   (0.38)        4.11        
5.09         0.64
       - Diluted                 (0.38)        4.10        
5.06         0.63
    
    Weighted average shares 
     outstanding
       - Basic              24,186,250   24,252,920  
24,495,701   24,495,701
       - Diluted            24,186,250   24,301,835  
24,640,329   24,640,329



    For further information, please contact:

     Ms. Dahlia Wei
     Senior Manager, Investor Relations
     The9 Limited
     Tel:   [phone]
     Email: [e-mail]
     Web:   http://www.corp.the9.com

SOURCE  The9 Limited 

Analysys International Says China's Printer Shipments Reached 2.335 Million in Q2 2006

Analysys International Says China's Printer Shipments Reached 2.335 Million in Q2 2006

August 09, 2006

    BEIJING, Aug. 9 /Xinhua-PRNewswire/ -- Analysys
International, a leading Internet based provider of
business information about Technology, Media and Telecom
industries in China, says that unit shipments of printers
in China reached 2.335 million in the second quarter of
2006, up 2.2% from the first quarter of 2006, and market
value reached RMB 3.1 billion, up 3.2% from the first
quarter of 2006, in its recently released report China
Printer Market Quarterly Tracker Q2 2006.  

    According to the report, in the second quarter of 2006,
HP, Epson and Canon kept leading China's printer market,
with market share of 33.5%, 21.9% and 14.7% respectively. 
HP achieved excellent performance in the laser printer
market in China, with market share increasing compared with
the first quarter.  Epson and Canon remained stable in Q2
2006.  Lenovo, Lexmark and Samsung were in the second
group, with market share of 12.1%, 3.8% and 3.4%
respectively, no obvious change from the first quarter. 

    (
http://english.analysys.com.cn/admin/images/1465_1.jpg )

    In the second quarter of 2006, unit shipments of inkjet
printers were 1.441 million, accounting for 61.7% of the
total printer shipments; unit shipments of laser printers
were 0.673 million, accounting for 28.8% of the total
printer shipments. 

    Unit shipments of printers priced below RMB 500
accounted for 24.1% of the total, which were mainly low-end
and midrange inkjet printers.  Market share of laser
printers which are priced about RMB 1,000 increased in the
second quarter.  Impacted by colour laser printers, prices
of monochrome laser printers obviously declined.

    This subject is further discussed in Analysys
International's research report China Printer Market
Quarterly Tracker Q2 2006.  For more information, please
check the website: http://english.analysys.com.cn .  

    About Analysys International

    Analysys International is the leading Internet based
provider of business information about Technology, Media
and Telecom industry in China. We provide data, information
and advice to 50,000 clients worldwide representing 1,500
distinct organizations, deliver over 150 consulting
engagements a year, and hold more than 20 events that draw
in over 8,000 attendees. Our clients include executives
from companies as technology vendors, vertical information
technology users, as well as professionals from
professional service companies, the investment community
and government agencies.  Our mission is simple and clear:
we help our clients make better business decisions. For
more information, please visit our web site at
http://english.analysys.com.cn . 

    For more information, please contact:

     Jessica Wang
     Tel:   [phone] x394
     Email: [e-mail]

SOURCE  Analysys International

First Reserve Corporation Closes Fund XI With $7.8 Billion Committed

First Reserve Corporation Closes Fund XI With $7.8 Billion Committed

August 09, 2006

-- With Focus on Global Energy, Fund XI Is Largest Energy Industry-Specific Fund

    GREENWICH, Conn., HOUSTON and LONDON, Aug. 9
/Xinhua-PRNewswire/ -- First Reserve Corporation, a leading
US-based private-equity firm that specializes in the energy
industry, today announced the successful close of its
latest global private-equity fund, First Reserve Fund XI,
L.P. ("Fund XI"). With total commitments of $7.8
billion, Fund XI is the largest fund ever raised by First
Reserve and the largest fund ever focused exclusively on
the global energy industry. First Reserve has raised a
total of more than $12.7 billion for its private-equity
buyout-focused funds.

    The majority of the investors in Fund XI are current
First Reserve investors; however, some new strategic
investors have been added as well. As it has over the past
23 years, First Reserve, from its offices in Greenwich, CT
and Houston, TX and First Reserve International in London,
will target investments in businesses involved in the
global energy industry. While Fund XI's primary focus is
expected to be on equipment, manufacturing, and service
companies that will benefit from increasing energy
infrastructure spending as well as infrastructure assets,
its investments will span all stages of the energy
life-cycle.  

    First Reserve Fund X, raised in 2004 with commitments
of $2.3 billion, is expected to be fully committed at the
beginning of the fourth quarter. Notable transactions in
Fund X include Dresser-Rand, Chart Industries and Pacific
Energy. Other prior First Reserve portfolio companies
include Weatherford International, National Oilwell,
Foundation Coal, Alpha Natural Resources, Pride
International, Superior Energy Services, Caledonia Oil and
Gas and Chicago Bridge and Iron.  

    "We encountered strong investor interest allowing
us to conclude our fundraising in three months on a larger
fund than originally anticipated," said Bill Macaulay,
Chief Executive Officer of First Reserve Corporation.
"We are very grateful to our investors for working
hard to meet our closing deadlines enabling us to quickly
get back to focusing all our efforts on investing. It is
clear that our limited partners continue to value our
specialized knowledge and our strong and consistent track
record of finding rewarding investment opportunities in the
global energy markets. We look forward to successfully
executing our investment strategy."

    About First Reserve Corporation

    First Reserve Corporation is the oldest and largest
private equity firm specializing in the energy industry.
Founded in 1983, First Reserve was the first private equity
investment firm to actively pursue building a broadly
diversified global investment portfolio of companies
involved in the various energy sectors.  Throughout its
23-year history, First Reserve has developed a strong
franchise of investing exclusively in companies involved in
the energy industry, utilizing its broad base of specialized
knowledge as a competitive advantage.

    For more information, please contact:
    
     Alan Katz
     Cubitt Jacobs & Prosek Communications 
     Tel:   [phone] ext. 211
     Email: [e-mail] 

SOURCE  First Reserve Corporation

Go-Ahead for the Scientific Award 2007

Go-Ahead for the Scientific Award 2007

August 09, 2006

-- The BMW Group Offers Support Worth EUR 70,000 to Talented Young
Researchers from All Disciplines Worldwide

    MUNICH, Germany, Aug. 9 /Xinhua-PRNewswire/ -- The BMW
Group is inviting young academics from all over the world
to submit their entries for the prize for up-and-coming
scientists -- the Scientific Award 2007. The motto of the
award is "Passion for Innovation," and prizes are
presented to the authors of outstanding Bachelor's, Master's
and doctoral theses, regardless of their subject. The 2007
Award, with prizes worth a total of EUR 70,000, will be the
ninth in the series so far. The closing date for entries is
7 January 2007.

    "The world is built on innovations; to have
innovations, we need people who, with creativity, curiosity
and passion, forge ahead with revolutionary new ideas. The
Scientific Award serves to underline the importance our
company attaches to young academics'spirit of
inventiveness," says Prof. Dr. E.H. Burkhard Goschel,
Member of the Board of Management of the BMW AG and patron
of the Scientific Award 2007. The prize is seen as an
integral part of the ongoing dialogue between the BMW
Group, industry and science.

    An application is only possible with the backing of the
candidate's academic supervisor or professor. To be eligible
for consideration, the theses must have been written at and
submitted to a university between 1 January 2005 and 31
December 2006. The entries will be evaluated by an
international, multidisciplinary jury whose members are
drawn from the fields of research and industry. The jury's
decisions are made with reference to the following
criteria: innovative potential, relation to reality,
environmental and social benefit, theory, economic aspects
and form of presentation. The authors of the six best
scientific papers, along with their professors, will
receive their prizes in the course of the Award Ceremony in
autumn 2007.

    The Scientific Award of the BMW Group has been
presented every alternate year since 1991; to date, 45
prize-winners and their respective professors have received
the award. Around 230 applicants from 26 countries and 24
different faculties competed for the 2005 prize. The Award
should be seen as more than merely a prize which is
presented once and then forgotten. It offers young
scientists access to an international, multidisciplinary
network in which they can exchange views both with each
other and with representatives of science and industry.

    You can find more information and an application form
for the Scientific Award 2007 of the BMW Group on the
internet at: http://www.bmwgroup.com/scientific-award .

    A high-resolution photo of the Scientific Award trophy
is available for downloading in the BMW Group PressClub at:
http://www.press.bmwgroup.com ; Register Select Photo no.
P0022283.

    For more information, please contact:

     Manfred Grunert, 
     AK-21, Technology Communications
     Tel:   [phone]
     Fax:   [phone]
    
     Marc Hassinger, 
     AK-30, Business and Finance Communications
     Tel:   [phone]
     Fax:   [phone]

     Email: [e-mail]
     Web:   http://www.bmwgroup.com/scientific-award 
    
SOURCE  BMW Group

Xinhua Finance Invests in Leading Provider of Independent Investment Research and Proxy Advisory and Voting Services

Xinhua Finance Invests in Leading Provider of Independent Investment Research and Proxy Advisory and Voting Services

August 09, 2006

    SHANGHAI and SAN FRANCISCO, Aug. 9 /Xinhua-PRNewswire/
-- Xinhua Finance (TSE Mothers: 9399 and OTC: XHFNY),
China's unchallenged leader in financial information and
media, and Glass, Lewis & Co., LLC, a leading provider
of investment research and global proxy advisory and voting
services, today announced that Xinhua Finance has purchased
a 19.9% equity stake in Glass, Lewis & Co., LLC
("Glass Lewis").   

    The investment further advances Xinhua Finance's
mission of bringing transparency and corporate governance
to China and of introducing essential products and services
that facilitate investment in China.  The investment from
Xinhua Finance - and the ongoing business relationship -
will enhance Glass Lewis' global presence, its capabilities
in emerging markets and the firm's dedication to providing
superior services to institutional investors globally. 

    Founded in 2003, Glass Lewis helps investors make more
informed investment and proxy voting decisions by
identifying business, legal, governance and financial
statement risk at public companies.  Glass Lewis also
facilitates proxy voting by institutional investors with
the most advanced and reliable proxy voting platform in the
industry.  Headquartered in San Francisco, with offices in
New York, London, Tokyo and Denver, Glass Lewis serves many
of the world's largest and most respected institutional
money managers, pension funds, mutual funds and hedge
funds. Glass Lewis' clients collectively manage more than
$11 trillion.

    "We see demand for the services Glass Lewis
provides, as foreign investment in China's public companies
is increasing dramatically through the Qualified Foreign
Institutional Investor mandates. We expect we will also be
able to facilitate Glass Lewis' expansion into the China
market," said Fredy Bush, Chief Executive Officer of
Xinhua Finance." 

    Bush added, "Global investors are adding Chinese
companies to their portfolios.  China's public companies
have complicated shareholding structures - including
State-owned shares, Legal Person shares and Free Float
shares - which can make the voting process for a foreign
investor very complicated.   Providing global institutions
with research and voting advice on Chinese public companies
is a significant opportunity for Xinhua Finance and Glass
Lewis.  Once again, Xinhua Finance is taking first-mover
advantage in a service sector that is increasingly
important to large investors while bringing international
standards to the China market."

    "We are excited to partner with such a highly
respected financial information provider and believe our
current and future clients will benefit from the
association and global reach of Xinhua Finance," said
Greg Taxin, Chief Executive Officer of Glass Lewis. 
"Moreover, everyone at Glass Lewis believes the
Chinese capital markets will continue to grow at a rapid
pace and investors inside and outside of China will have a
strong appetite for objective, professional insight into
the business, legal, corporate governance and financial
statement risk at Chinese companies." 

    The relationship will provide Glass Lewis and its
institutional investor clients with access to the extensive
resources of Xinhua Finance, including the analysis
capability of various news units and the comprehensive
database of business and financial data on global
publicly-listed companies powered by its subsidiary,
Mergent.

    "Glass Lewis' expertise and methodology complement
as well as leverage our existing resources across several of
our services lines," said Dan Connell, Chief Operating
Officer of Xinhua Finance.  "Working together, we
believe we can strengthen the information infrastructure
that Xinhua Finance has already built both inside and
outside of China, and further enhance our strategy to
empower investors to execute high-value decisions with
confidence and clarity."

    Notes to Editors

    About Xinhua Finance Limited 

    Xinhua Finance Limited is China's unchallenged leader
in financial information and media,  and is listed on the
Mothers board of the Tokyo Stock Exchange (symbol: 9399)
(OTC ADRs: XHFNY).  Bridging China's financial markets and
the world, Xinhua Finance serves financial institutions,
corporations and re-distributors through four focused and
complementary service lines: Indices, Ratings, Financial
News and Investor Relations.  Founded in November 1999, the
Company is headquartered in Shanghai with 20 news bureaus
and offices in 19 locations across Asia, Australia, North
America and Europe.  

    For more information, please visit
http://www.xinhuafinance.com . 

    About Glass, Lewis & Co., LLC

    Glass, Lewis & Co, LLC (Glass Lewis) is a leading
investment research and global proxy advisory and voting
services firm, serving institutions that collectively
manage more than $11 trillion.  Glass Lewis helps
institutional investors make more informed investment and
proxy voting decisions by identifying business, legal,
governance and financial statement risk at more than 13,000
companies worldwide, including more than 2000 companies in
Asia.  Founded in 2003, Glass Lewis is headquartered in San
Francisco with offices in New York, London, Tokyo and
Denver. 

    For more information, please visit
http://www.glasslewis.com .

    This is a press release to the public and should not be
relied on as information to make an investment decision by
any investor. Investors should read the Company's Annual
Securities Report for the year ended 2005 and consider the
risk factors together with other information contained
therein when making an investment decision. This press
release contains some forward-looking statements that
involve a number of risks and uncertainties. A number of
factors could cause actual results, performance,
achievements of the Company or industries in which it
operates to differ materially from any future results,
performance or achievements expressed or implied by these
forward-looking statements.

    For more information, please contact:
 
    Xinhua Finance

    Hong Kong/Shanghai
     Ms. Joy Tsang 
     Tel:   [phone] /
[phone]         
     Email: [e-mail]

    Japan 
     Mr. Sun Jiong 
     Tel:   [phone] 
     Email: [e-mail]

    Glass, Lewis & Co.

     Bayley Diamond
     Tel:   [phone] 
     Email: [e-mail]

    Taylor Rafferty (Media/IR Contact)

    Japan 
     Mr. James Hawrylak
     Tel:   [phone]
     Email: [e-mail] 

    United States
     Ms. Ishviene Arora
     Tel:   [phone]
     Email: [e-mail]

    Europe
     Mr. John Dudzinsky 
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Xinhua Finance Limited; Glass, Lewis & Co.,
LLC

ASIMCO Technologies and Phillips and Temro Join Forces in China

ASIMCO Technologies and Phillips and Temro Join Forces in China

August 08, 2006

JV to Supply Intake Air Heaters to China's Commercial Vehicle Producers in 4Q of `06

    BEIJING, Aug. 8 /Xinhua-PRNewswire/ -- ASIMCO
Technologies Limited ("ASIMCO"), one of the
leading independent producers of automotive components in
China, and Phillips and Temro Industries ("PTI"),
a leading North American producer of cold start and
emissions control products, today announced plans to
establish a joint venture to design, manufacture and
distribute electrical intake air heaters for the China
diesel engine market. 

    ASIMCO PTI Air Intake System (Yizheng) Co., Ltd., will
be located in a new facility in Yizheng, Jiangsu Province,
China where ASIMCO has three existing manufacturing plants.
 Intake air heaters provide improved combustion during cold
start and initial engine warm-up, ensure smoother and
quicker start-to idle-operation, and reduce the white smoke
emissions resulting from unburned fuel.  Distribution of the
China made intake air heaters to the domestic commercial
vehicle market will begin in the fourth quarter of 2006.

    PTI is a leader in cold start and emissions control
products in the North American market and is recognized for
its innovative designs, engineering and manufacturing
capabilities.  ASIMCO has particular strength in China's
commercial diesel engine sector, having strong sales and
marketing relationships with all the top diesel engine
producers in China.  The global quality intake air heater
manufactured by the joint venture will be added to the wide
range of products which ASIMCO supplies to China's diesel
engine assemblers.  

    Air intake heaters were originally introduced to diesel
engine producers as a cost effective cold weather starting
aid.  However, because they substantially reduce
`hydrocarbon' or `white smoke' emissions, they are becoming
an integral part of the combustion system formula for
meeting clean air emission standards.  

    Jack Perkowski, Chairman and CEO of ASIMCO said,
"This partnership expands ASIMCO's strategic alliances
and strengthens its technological capabilities to serve this
market.  It brings with it important technology to produce a
high performance cold start aid and emissions control
product essential for engine manufacturers to meet
international standards for Euro III and Euro IV emissions
not currently available in the domestic market."

    Gary Edwards, President and CEO of PTI said, "This
cooperation brings together technological, manufacturing and
marketing expertise of the two companies to provide locally
produced, global quality components to the fast growing
China automotive market.  By partnering with a leading
company like ASIMCO, PTI can expand it's global footprint
and more efficiently-enter into the China market."  

    ASIMCO Technologies Limited produces a broad range of
powertrain, chassis, diesel fuel injection and NVH
components for passenger cars and commercial vehicles.  It
operates 18 manufacturing facilities and a network of 52
sales offices in China, three manufacturing facilities and
a regional office in the United States, and a regional
office in the United Kingdom.  ASIMCO supplies both the
Chinese and international automotive markets and has
extensive strategic and technological relationships with
leading international companies from the United States,
Europe and Japan.

    In 2001 and again in 2005, ASIMCO was named one of the
"10 Best Employers in China" in a survey
conducted by Hewitt Associates and 21st Century Business
Herald.

    ASIMCO was formed in 1994, and it is privately held and
based in Beijing, China.

    Phillips and Temro Industries produces a broad range
powertrain and chassis components for both on and off
highway diesel engine markets.  PTI is the leading provider
of cold start and emissions control products in North
America supplying to both engine and motor vehicle original
equipment manufacturers ("OEMs") as well as the
motor vehicle aftermarket.  The Company is also a leading
provider of diesel engine intake and exhaust silencing
products and metal radiator fans serving the stationary
power generation, marine engine and off-highway industries.
 In addition, PTI is the market leader in developing and
supplying Cab Power(TM) systems that allow truck drivers to
use in-cab electrical equipment while eliminating lengthy
idling of diesel engines, thereby reducing fuel consumption
and exhaust emissions. 

    Phillips and Temro is headquartered in Eden Prairie,
Minnesota (near Minneapolis) with additional facilities in
Prior Lake, Minnesota and Winnipeg, Canada, and Tipton,
United Kingdom.

    John F. Perkowski "Jack", Chairman & CEO
of ASIMCO Technologies Limited, received a Bachelor of Arts
degree (cum laude) from Yale University in 1970 and an MBA
degree (with high distinction) from the Harvard Graduate
School of Business Administration in 1973 and was
designated a Baker Scholar.  Mr. Perkowski joined Paine
Webber in 1973 and was the Director of Investment Banking
when he left in 1988 to become the Managing Director of a
leveraged buyout firm.  In 1990, Mr. Perkowski began to
research the concept of investing in Asia, leading to the
formation of ASIMCO in 1994.  Mr. Perkowski developed
ASIMCO's industry approach and strategy for taking an
active management role which has led to the formation of
one of China's largest components companies, which sells to
both the domestic and overseas markets.

    Gary C. Edwards, President and CEO of Phillips and
Temro Industries, received a Bachelor of Science degree in
Industrial Engineering from University of Regina in 1985
and an MBA degree from the University of Manitoba in 1992. 
Mr. Edwards joined Phillips and Temro in 1991 as Engineering
Manager prior to being appointed as President and CEO in
2002.  Since 2002 Mr. Edwards has overseen the
transformation of Phillips and Temro from a `niche',
primarily North American focused company to one of the
leading Global suppliers of cold start and emissions
control technology.

    For further information, please contact:

     Carleen Giacalone				           
     Director of Corporate Communications
     ASIMCO Technologies Limited
     Tel:    [phone] x287
     Mobile: [phone]
     Fax:    [phone]
     Email:  [e-mail]
     Web:    http://www.asimco.com

SOURCE  ASIMCO Technologies Limited

Symbol Technologies Introduces Industry's First Value-Priced Rugged Bar Code Scanner

Symbol Technologies Introduces Industry's First Value-Priced Rugged Bar Code Scanner

August 08, 2006

-- LS3008 Bar Code Scanner Provides an Affordable, High-Performance, Rugged Scanning Solution

    HOLTSVILLE, N.Y., Aug. 8 /Xinhua-PRNewswire/ -- Symbol
Technologies, Inc. (NYSE: SBL), The Enterprise Mobility
Company(TM), today introduced the LS3008 rugged handheld
scanner designed for high-performance and reliability in
healthcare, warehousing, manufacturing and back-end retail
environments. Leveraging Symbol's innovative design
knowledge and boasting a small, ergonomic form factor, the
LS3008 broadens Symbol's rugged scanner portfolio to meet
the needs of customers and markets where cost and
ergonomics are critical factors for customers seeking
real-time data capture capabilities.

    (Logo:
http://www.newscom.com/cgi-bin/prnh/20041029/SYMBOLOGO )

    Built to withstand the rigors of everyday use,
including frequent drops to concrete and exposure to water
and dust, Symbol's new LS3008 rugged scanner is sealed to
IP53 standards and provides optimized productivity while
reducing the need for equipment repairs, ultimately
lowering the total cost of ownership. The LS3008 scanner
meets the varying demands of healthcare professionals
seeking a reliable bar code capture tool for bedside and
patient management; retailers needing a rugged,
feature-rich scanner for back-end operations; warehouse
workers responsible for shipping and receiving products in
an efficient manner; and associates performing light
assembly within a manufacturing environment.  

    "Symbol's new LS3008 bar code scanner puts a
rugged and highly reliable scanner in reach of all
customers regardless of size or market," said Bob
Sanders, vice president and general manager of Symbol's
advanced data capture division. "The LS3008 is an
easy-to-use, lightweight bar code scanner that requires
minimal training and enables users to scan objects
comfortably in less than optimum conditions."

    Providing customers with real-time access to
business-critical information to help improve
decision-making processes and streamline operations, the
new LS3008 is equipped with multi-line rastering scan
pattern to eliminate the need for exact aim and
positioning.  This feature enables customers to quickly and
accurately scan one-dimensional (1D) bar codes, including
those that are damaged, small or poorly printed, without
delay or the need to rescan.
  
    The LS3008 handheld scanner reduces
total-cost-of-ownership by enabling remote, network-based
device management to lower IT expenses and enable
customization in large, multi-scanner environments. Along
with a scratch-resistant, tempered glass window for
high-quality scanning, the LS3008 also offers single
circuit-board construction eliminating the failure points
commonly found in competing scanners. 

    To help customers protect their investment and maintain
peak performance, Symbol Global Services offers Service from
the Start Advance Exchange Support for the LS3008. This
multi-year service agreement provides next-business-day
delivery of a replacement device to help organizations
maximize uptime and productivity. Symbol's Service from the
Start Advance Exchange Support also includes Symbol's unique
Comprehensive Coverage, which extends normal wear and tear
to cover accidental damage to scan elements, exit windows
and other internal and external components at no extra
charge -- virtually eliminating unforeseen repair expenses.


    The Symbol LS3008 rugged bar code scanner has a list
price of $419 and is currently available to order globally
through Symbol partners. 

    About Symbol Technologies

    Symbol Technologies, Inc., The Enterprise Mobility
Company(TM), is a recognized worldwide leader in enterprise
mobility, delivering products and solutions that capture,
move and manage information in real time to and from the
point of business activity. Symbol enterprise mobility
solutions integrate advanced data capture products, radio
frequency identification technology, mobile computing
platforms, wireless infrastructure, mobility software and
world-class services programs. Symbol enterprise mobility
products and solutions are proven to increase workforce
productivity, reduce operating costs, drive operational
efficiencies and realize competitive advantages for the
world's leading companies. More information is available at
 http://www.symbol.com . 

    For more information, please contact:

    Media information:

     Traci Hoch
     Symbol Technologies, Inc.
     Tel:   [phone]
     Email: [e-mail] 

     Joey Marquart
     Edelman Public Relations
     Tel:   [phone]    
     Email: [e-mail]

    Financial information:

     Lori Chaitman
     Symbol Technologies, Inc.
     Tel:   [phone]
     Email: [e-mail]

    Industry analyst information:

     Shirley Schroedl
     Symbol Technologies, Inc.
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Symbol Technologies, Inc.

Analysys International Says China Desktop PC Shipments Reached 3.556 Million in Q2 2006

Analysys International Says China Desktop PC Shipments Reached 3.556 Million in Q2 2006

August 08, 2006

    BEIJING, Aug. 8 /Xinhua-PRNewswire/ -- Analysys
International, a leading Internet based provider of
business information about Technology, Media and Telecom
industries in China, says in its recently released report,
China Desktop PC Market Quarterly Tracker Q2 2006, that
unit shipments of desktop PCs reached 3.556 million in
China in the second quarter of 2006, representing an
increase of 2.0% compared with the first quarter; the
market value reached RMB 17.94 billion, increasing 2.7%
quarter over quarter.

    In the second quarter of 2006, Lenovo, Founder and
Tongfang ranked the top 3 in China's desktop PC market in
relation to shipments, with market shares of 35.4%, 14.1%
and 8.9% respectively.  Founder is gaining ground in the
home market and its shipments increased 1.2% QoQ.  Tongfang
achieved good performance in the industrial market.  Lenovo
remained stable. 
 
    (
http://english.analysys.com.cn/admin/images/1464_1.jpg )

    Dell and HP ranked fourth and fifth in desktop PC
shipments in China, with market share of 7.5% and 5.2%
respectively.  Analysys International says the home market
and the small and midsize business (SMB) market have great
development potential.  Market share of SMB users increased
1.9% compared with the first quarter of 2006. 

    As desktop PC prices continue to go down, market value
of desktop PC decreased 8.6% compared with the second
quarter of 2005, though unit shipments increased 3.7%. 

    This subject is further discussed in Analysys
International's research report China Desktop PC Market
Quarterly Tracker Q2 2006.  For more information, please
check the website: http://english.analysys.com.cn .
   
    About Analysys International

    Analysys International is the leading Internet based
provider of business information about Technology, Media
and Telecom industry in China. We provide data, information
and advice to 50,000 clients worldwide representing 1,500
distinct organizations, deliver over 150 consulting
engagements a year, and hold more than 20 events that draw
in over 8,000 attendees. Our clients include executives
from companies as technology vendors, vertical information
technology users, as well as professionals from
professional service companies, the investment community
and government agencies. Our mission is simple and clear:
we help our clients make better business decisions. For
more information, please visit our web site at
http://english.analysys.com.cn .

    For more information, please contact:

     Jessica Wang
     Tel:   [phone] x394
     Email: [e-mail]

SOURCE  Analysys International

Xinhua Finance Subsidiary Beijing Alpha Launches Upgraded Risk Management System

Xinhua Finance Subsidiary Beijing Alpha Launches Upgraded Risk Management System

August 08, 2006

    BEIJING, Aug. 8 /Xinhua-PRNewswire/ -- Xinhua Finance
subsidiary Beijing Alpha Financial Engineering Co., Ltd.
("Beijing Alpha"), the first and leading company
engaged in the development of financial engineering and
risk management systems in China, today announced the
launch of Version 3.0 of its proprietary Jiu'an Risk
Management and Performance Evaluation System ("Jiu'an
V3.0"). Tokyo-listed Xinhua Finance (TSE Mothers: 9399
and OTC: XHFNY) is China's unchallenged leader in financial
information and media.

    Combining an advanced international risk management
approach and Beijing Alpha's implementation experience and
research expertise, this upgrade marks a major breakthrough
in the provision of a flexible, open architecture risk
management platform to the Chinese financial markets.  

    Jiu'an V3.0 is designed with an open architecture and
flexible settings, allowing unprecedented agility in
adapting to diverse asset class and management
requirements. Furthermore, it minimizes tedious and
repetitive manual operations by custom tailoring
user-friendly tools that are specially designed for today's
research and development professionals. As a result, clients
deploying Jiu'an V3.0 see their R&D efficiency enhanced
considerably. 

    Mr. Cheng Bing, the General Manager of Beijing Alpha,
said, "China's rapid development in financial
innovation, systematic restructuring and regulatory change
poses a great challenge to the risk management systems and
market adaptiveness of financial market participants.
Fortunately, they now have Jiu'an V3.0, which both eases
their burdens and preserves their competitive edges."

    Mr. Cheng added, "Upon joining Xinhua Finance, the
risk management and key performance indicators evaluation
systems of Beijing Alpha effectively enrich Xinhua
Finance's indices service line offerings. As an
indispensable part of making investment decisions and
creating financial products, this upgraded system will also
have great appeal to Xinhua Finance's index service
users."

    "Moreover, Xinhua Finance's corporate strategies
and global view match with our own managerial concepts, in
that we are both devoted to integrate international
expertise with local practice. Thus, the support from the
group company will undoubtedly consolidate Beijing Alpha's
leading position in the market and improve our service to
clients,"Cheng said. 

    Beijing Alpha, a pioneer and a leader in China's
financial engineering industry, was the first company to
design and develop software integrating performance
evaluation and risk management in China. It previously
launched the Jiu'an Risk Management and Performance
Evaluation System V1.0 and V2.0 in 2001 and 2004
respectively. At present, V2.0 is widely used among such
leading institutions as the National Social Security Fund
Council, Bank of China, Agricultural Bank of China, China
Pacific Insurance Asset Management Co., Ltd, as well as
such fund management companies as Fuguo and SYWG BNP
Paribas.  

    Notes to editors:

    About Beijing Alpha Financial Engineering Co., Ltd.

    Beijing Alpha Financial Engineering Co., Ltd. is a
premier financial engineering and risk management
consulting services provider serving an impressive client
list of financial institutions engaged in such diverse
fields as asset and trust management, securities brokering,
banking, and insurance.  Founded in October 1998 by a team
of financial engineering professionals from the Chinese
Academy of Science, Beijing Alpha has established a leading
position in China through its risk analytic expertise and
in-depth local knowledge.  Beijing Alpha became a
wholly-owned subsidiary of Xinhua Finance in July 2006. 

    For more information, please visit
http://www.arrowkm.com .

    About Xinhua Finance Limited 

    Xinhua Finance Limited is China's unchallenged leader
in financial information and media, and is listed on the
Mothers board of the Tokyo Stock Exchange (symbol: 9399)
(OTC ADRs: XHFNY). Bridging China's financial markets and
the world, Xinhua Finance serves financial institutions,
corporations and re-distributors through four focused and
complementary service lines: Indices, Ratings, Financial
News and Investor Relations. Founded in November 1999, the
Company is headquartered in Shanghai with 20 news bureaus
and offices in 19 locations across Asia, Australia, North
America and Europe. 

    For more information, please visit
http://www.xinhuafinance.com . 

    or more information, please contact:

    Xinhua Finance
     Hong Kong/Shanghai
     Ms. Joy Tsang
     Tel:   [phone] /
[phone]
     Email: [e-mail]

    Xinhua FTSE Beijing 
     Ms. Catherine Song
     Tel:   [phone]
     Email: [e-mail] 

    Beijing Alpha Financial Engineering 
     Ms. Corin Fan
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Xinhua Finance Limited 
      

AUO and Toppan Printing Announce Strategic Alliance in Color Filter Supply Chain

AUO and Toppan Printing Announce Strategic Alliance in Color Filter Supply Chain

August 08, 2006

AUO to Acquire 39.7% Shares of Toppan CFI (Taiwan)

    Hsinchu, Taiwan, Aug. 8 /Xinhua-PRNewswire/ -- AU
Optronics Corp. ("AUO" or the
"Company") (TAIEX: 2409; NYSE: AUO) and Toppan
Printing Co., Ltd. today announced their strategic alliance
in the color filter business for liquid crystal displays in
Taiwan.  The extensive alliance, which has been approved by
Boards of Directors of both parties, ensures a wide range of
joint effort in color filter supply and business operation
as well as technology.  AU Optronics will take a 39.7%
equity stake in Toppan CFI (Taiwan), currently a subsidiary
of Toppan Printing that manufactures color filters in
Taiwan.
 
    The formation of the new alliance not only signals a
synergy of the ties between Taiwan and Japan corporates in
cross-border collaboration of two leading multinationals in
the global flat panel display industry, but also enhances
AUO's supply chain in color filter business and its
long-term cost competitiveness without repetitively
capacity investment.

    This alliance between AUO, one of the world leading
manufacturers of liquid crystal displays and Toppan
Printing, one of the top world manufacturers of color
filters for liquid crystal displays, is expected to largely
strengthen their collaboration through teaming up in a
broadly unified partnership to maximize capacity usage,
economic benefits and technology cooperation.  Toppan is
anticipated to ensure its robust position and leading
market share in Taiwan color filter business, while AUO
will solidify its stable supply in color filter and enjoy
the competitive cost benefits as well as the cutting-edge
technology support from Toppan.

    AUO added that key components of the TFT-LCD supply
chain will be essential especially with the merger of
Quanta Display Inc (QDI) on Oct 1st, where there will be a
need for supply of color filter for all generation
fabrications.  By taking an equity investment in Toppan CFI
(Taiwan), AUO optimizes the win-win strategy to leverage
Toppan's leading strength in color filter technology and
AUO's excellent manufacturing capabilities and execution,
since the long-term partnership with Toppan Printing.

    With the alliance, two board members of Toppan CFI's
Boards of Directors will be appointed by AUO.  Toppan
Printing will appoint the Chairman and President, while the
Chief Financial Officer will be appointed by AUO.  The
alliance is anticipated to turn a new page in cross-border
collaboration in upstream supply chain in liquid crystal
displays.

    About Toppan Printing

    Toppan Printing Co., Ltd. was founded in 1900 in Japan.
From modest beginnings, it gradually climbed into a leading
position in the printing industry; the company has recently
been shifting its focus into the electronics and multimedia
industries in line with the advances made in information
technology. Toppan is determined to become a leader in the
information and communications sector. Toppan Printing has
7 major business fields: Security and Cards, Publications
Printing, Commercial Printing, Packaging, Industrial
Materials, Electronics, and Multimedia. In its color filter
business, Toppan is No.1 color filter supplier in the
world.

    About Toppan CFI (Taiwan)

    Construction of Toppan CFI (Taiwan) Co., Ltd. founded
by Toppan printing started in Tainan Technology Industrial
Park in April 200 and completed in March 2002.  Its mass
production for the 4.5th generation commenced in July 2002,
then mass production of the fifth generation color filters
officially started in March 2003. The official start-up of
volume production for the sixth generation was May 2005.

    Safe Harbour Notice

    AU Optronics Corp. ("AUO" or the
"Company") (TAIEX: 2409; NYSE: AUO), the world's
third largest manufacturer of large-size TFT-LCD panels,
today announced the above news.  Except for statements in
respect of historical matters, the statements contained in
this Release are "forward-looking statements"
within the meaning of Section 27A of the U.S. Securities
Act of 1933 and Section 21E of the U.S. Securities Exchange
Act of 1934. These forward-looking statements were based on
our management's expectations, projections and beliefs at
the time regarding matters including, among other things,
future revenues and costs, financial performance,
technology changes, capacity, utilization rates, yields,
process and geographical diversification, future expansion
plans and business strategy. Such forward looking
statements are subject to a number of known and unknown
risks and uncertainties that can cause actual results to
differ materially from those expressed or implied by such
statements, including risks related to the flat panel
display industry, the TFT-LCD market, acceptance and demand
for our products, technological and development risks,
competitive factors, and other risks described in the
section entitled "Risk Factors" in our Form F-3
filed with the United States Securities and Exchange
Commission on July 8th, 2005.

    ABOUT AU OPTRONICS

    AU Optronics Corp. ("AUO") is the world's
third largest manufacturer* of large-size thin film
transistor liquid crystal display panels
("TFT-LCD"), with approximately 15.1%* of global
market share and generated revenue of NT$217.4billion
(US$6.75 bn)* in 2005.  TFT-LCD technology is currently the
most widely used flat panel display technology.  Targeted
for 40"+ sized LCD TV panels, AUO's next generation
(7.5-Generation ) fabrication facility production is
scheduled for mass production in 4Q 2006.  The Company
currently operates one 6th-generation, three
5th-generation, one 4th-generation, and three
3.5-generation TFT- LCD fabs, in addition to four module
assembly facilities and AUO Technology Center specializing
in new technology platform and new product development. 
AUO is one of few top-tier TFT-LCD manufacturers capable of
offering a wide range of small- to large- size
(1.5"-46") TFT-LCD panels, which enables it to
offer a broad and diversified product portfolio.

    * As shown on DisplaySearch Quarterly Large-Area
TFT-LCD Shipment Report dated June, 2006.  This data is
used as reference only and AUO does not make any
endorsement or representation in connection therewith. 2005
year end revenue converted by an exchange rate of
NTD32.2039:USD1. 

    For more information, please contact:

     Yawen Hsiao
     Corporate Communications Dept.
     AU Optronics Corp.
     No.1, Li-Hsin Road 2, Science-Based Industrial Park,
     Hsinchu City, 300, Taiwan, R.O.C.
     Tel:   [phone] ext 3211
     Fax:   [phone]
     Email: [e-mail] 

SOURCE  AU Optronics Corp.

Panagene Secures Worldwide Exclusive License to PNA Custom Synthesis from PNA Inventor Group

Panagene Secures Worldwide Exclusive License to PNA Custom Synthesis from PNA Inventor Group

August 08, 2006

    DAEJEON, South Korea, Aug. 8 /Xinhua-PRNewswire/ --
Panagene today announced that it has exclusively licensed
the right to peptide nucleic acids (PNA) custom synthesis
from the Copenhagen Inventor Group (CIG) effective July 1,
2006.  The agreement allows Panagene to synthesize,
manufacture and sell custom PNA oligomers with an exclusive
worldwide license under CIG's patents.

    These rights were previously licensed to Applied
Bioystems but were assigned back to the CIG by mutual
agreement effective March 31, 2006.

    "We are excited to have granted Panagene an
exclusive license to PNA custom synthesis as we are
impressed by Panagene's technical capability and strong
commitment to the PNA technology," said Peter Nielsen,
Ph.D., Professor at the University of Copenhagen, Denmark
and co-inventor of PNA.  "Ready availability of high
quality PNA Oligomers from Panagene will benefit everyone
in the field," continued Dr. Nielsen. 

    "Panagene is committed to bringing high quality
PNA oligomers to scientists all over the world," said
Sung Kee Kim, Ph.D., CEO of Panagene.  "The license
from CIG permits us to commercialize custom PNA oligomers
made from our proprietary monomers and processes for
oligomer synthesis," continued Dr. Kim.  "Our
customers would be delighted to get high quality PNAs with
rapid turn-around and at a considerably lower cost than
hitherto" said Sunghee Lee, Ph.D., Vice President of
Panagene in charge of Global Marketing and Business
Development.

    PNAs are mimics of DNA with unique properties that
confer advantages in many applications.  With this license,
Panagene strongly believes that it will significantly grow
the PNA market which today constitutes approximately 5% of
DNA/ RNA synthesis market.  Researchers interested in
obtaining custom PNAs can do so through www.panagene.com .

    About Panagene

    Panagene provides products and services that support
academic, government research institutions, pharmaceutical
and biotech companies worldwide in their PNA research
efforts.  The PNA technology is used in life science
research, diagnostics and in therapeutics.  Panagene's own
research and development efforts are focused on
breakthrough innovation not only in chemical synthesis and
manufacturing of PNA oligomers, but also in PNA array and
diagnostics.  Founded in 2001, Panagene is headquartered in
Daejeon, South Korea, and conducts business around the
world.  The company globally employs approximately 20
professionals in South Korea and in the US.  For more
information, visit http://www.panagene.com .

    For more information, please contact: 

     Dr. Sung Lee
     Tel:   [phone]
     Email: [e-mail] (Asia and Europe) 

     Dr. Ravi Vinayak
     Email: [e-mail] (Americas)

SOURCE  Panagene

Media Invitation -- 'Red Herring Asia 100' Summit in Hong Kong

Media Invitation -- 'Red Herring Asia 100' Summit in Hong Kong

August 08, 2006

    Red Herring has announced that it has narrowed the
field of contenders for its annual "Red Herring Asia
100" list to 200 companies.  The Red Herring Asia
"Meet Asia's Innovators" Summit, will be held on
August 28-30 in Hong Kong, during which the technology
industry's most-innovative CEOs, venture financiers, and
corporate strategists will gather to exchange deep insight
into the Asian technology scene.  We welcome the media to
join the conference and share your insights here.

    The "Red Herring Asia 100" award, now in its
second year and open only to private technology companies
headquartered in the Asia Pacific region, is given to the
top 100 Asian tech companies on the basis of technology
innovation, management strength, market size, investor
record, customer acquisition and financial health.  The
CEOs of the Top 100 companies are invited to present their
winning strategies at Red Herring Asia 100.  Last year, the
winners like Suntech Power and Vimicro have successfully
carried out IPOs, and Verisilicon, ChinaInterActiveCorp and
WangYou have closed their new rounds of financing.

    For the past months, over 600 companies in the
telecomm, Web 2.0, software, hardware, biotech and energy
related industries from countries like Kazakhstan, Korea,
China, India, Japan and the Philippines have sent in their
submissions to qualify for the award.  At Red Herring Asia
2006, both the finalists and winners of the Top 100 will
showcase their uniqueness and business potential.  The
nominees were rigidly evaluated on both quantitative and
qualitative criteria such as financial performance,
technology innovation, quality of management, execution of
strategy, and integration into their ecosystem.  This
unique assessment of their potential is complemented by a
review of the actual track record and standing of a
company, allowing Red Herring to see past the
"buzz" and make the list an invaluable instrument
for discovering and advocating the greatest business
opportunities in the industry.

    Please visit http://www.redherring.com/rhasia06 for
details and contact Ms. Amber Li at Red Herring Asia for
your registration.

    For more information, please contact:

     Ms.Amber Li
     Red Herring Asia
     Tel:   [phone] x805
     Fax:   [phone]
     Email: [e-mail]

SOURCE  Red Herring Asia

VeriSilicon Launches GSM-AMR-WB (G.722.2) Wideband Codec on ZSP(R) for 3G Wireless and VoIP Applications

VeriSilicon Launches GSM-AMR-WB (G.722.2) Wideband Codec on ZSP(R) for 3G Wireless and VoIP Applications

August 07, 2006

G.722.2 Provides Higher Voice Communication Quality Than PSTN for Enterprise VoIP and Emerging IMS Systems

    SANTA CLARA, Calif., Aug. 7 /Xinhua-PRNewswire/ --
VeriSilicon, a leading world class ASIC design foundry and
semiconductor IP provider focusing on design and
manufacturing services for customers worldwide, today
announced the addition of GSM-AMR-WB (G.722.2) wideband
codec to its Z.Voice portfolio of VoIP solutions. 
GSM-AMR-WB standardized by 3GPP for mobile phone
applications is also available under ITU as G.722.2 for
wideband IP phone applications.  G.722.2 is the compression
standard for voice sampled at 16KHz, covering the audio
frequencies from 50Hz to 7KHz and improving the
intelligibility of speech compared to narrow band codecs
such as G.711 and G.729.

    G.722.2 will enhance quality for all voice
communications over IP and wireless networks by improving
the intelligibility of speech on fricative sounds such as
"s" and "f" compared to narrow band
speech.  The implementation of G.722.2 on the ZSP cores
families takes one-third of the performance needed by any
RISC processors at significantly lower power consumption. 
The addition of wideband AEC for speakerphone applications
makes ZSP the only viable embedded processor family for
battery operated wideband voice applications.

    "By combining its rich portfolio of ZSP IP cores,
VoIP software, ASIC design and turnkey services,
VeriSilicon is enabling silicon and system solutions for
emerging applications such as wideband IP phones, dual mode
VoWiFi and Instant Messaging based phones," said
Federico Arcelli, Corporate VP of WW Marketing at
VeriSilicon.  "System and fabless chip companies can
work with us to shorten their time to market in the
development of innovative, cost effective products for VoIP
applications.

    Availability

    The G.722.2 Codec is available now for licensing as
part of VeriSilicon's Z.Voice software solution. 

    * Products implementing certain standards may be
subject to third party 
      patent rights.  The purchase of such products does
not, by itself, 
      convey a license or right under the third party
patents.  Purchaser must 
      obtain a separate license from the appropriate patent
owner. 

    About VeriSilicon 

    VeriSilicon Holdings Co., Ltd. is a leading world class
ASIC design foundry providing libraries, semiconductor IPs,
design and turnkey manufacturing services with multi-fab
capability and on process technologies down to 90nm. 
VeriSilicon has achieved first silicon success and entered
volume production of many complex, multi-million gates SoCs
using the leading wafer foundries in APAC and China. 
VeriSilicon has operations in US, China, Taiwan, Japan,
France, and Korea.  Over 500 customers worldwide have
licensed VeriSilicon IPs and Standard Design Platforms.  In
2005, VeriSilicon was ranked number three in Deloitte
Technology Fast 50 China, the top 50 fastest-growing
technology companies in China and number six in Deloitte
Fast 500 Asia Pacific, the top 500 fastest-growing
technology companies in Asia Pacific.  VeriSilicon was also
named one of the Red Herring 100 Private Companies of Asia,
and selected as one of the EE Times 60 Emerging Startups. 
More information is available at http://www.VeriSilicon.com
.

    About ZSP(R)

    ZSP is a leading licensor of signal processing cores
and solutions.  With more than 50 customers worldwide, the
ZSP processor architecture enables customer innovation as
the DSP of choice in many key vertical markets including 3G
wireless handsets, multimedia and networked voice
appliances.  The ZSP roadmap offers a range of software
compatible cores delivering performance points that meet
the cost, power and efficiency constraints of today's SoC
designs.  A number of standard products are also available
for VoIP applications and lower volume designs.  ZSP
Solution Partners augment the technology with world-class
software tools, EDA modeling support and a large portfolio
of application software.  ZSP customers include Broadcom,
Marvell, IBM, Renesas, Yamaha, Huawei Technologies, Datang
Microelectronics, Murata, AVID Electronics Corp. and many
other world-class companies.  More information is available
at http://www.zsp.com .

    For more information, please contact:

     Federico Arcelli
     Corporate VP, WW Marketing
     Tel:   [phone]
     Email: [e-mail]

SOURCE  VeriSilicon Holdings Co., Ltd.

Linear Sues Monolithic for Breach of Contract and Patent Infringement

Linear Sues Monolithic for Breach of Contract and Patent Infringement

August 07, 2006

    MILPITAS, Calif., Aug. 7 /Xinhua-PRNewswire/ -- Linear
Technology Corporation (Nasdaq: LLTC), a leading supplier
of high-performance linear and analog integrated circuits,
filed a lawsuit today in the U.S. District Court for the
District of Delaware against Monolithic Power Systems, Inc.
(Nasdaq: MPWR) based on breach of a settlement agreement and
patent infringement.  

    The complaint alleges that Monolithic has breached a
settlement agreement that ended a previous investigation of
Monolithic by the International Trade Commission based on
Monolithic's infringement of patents owned by Linear.  In
addition, the complaint alleges that Monolithic is again
infringing the patents at issue in the prior investigation.
 The complaint therefore alleges both breach of a settlement
agreement and patent infringement, requesting permanent
injunctive relief against Monolithic's continued
infringement as well as damages.

    Linear Technology Corporation has been an innovator in
designing and manufacturing a broad line of standard high
performance analog integrated circuits.  Linear's
integrated circuits are critical to a broad range of
products including telecommunications, cellular telephones,
networking products, notebook and desktop computers,
video/multimedia, industrial instrumentation, automotive
electronics, factory automation, process control, and
military and space systems.  For more information visit
http://www.linear.com .  

    Monolithic is a fabless integrated circuit
manufacturer. For more information visit
http://www.monolithicpower.com .

    This news release contains forward-looking information
within the meaning of federal securities regulations. 
These forward-looking statements include future events in
the litigation announced.  These forward-looking statements
involve risks and uncertainties, including those described
from time to time in Linear Technology's filings with the
Securities and Exchange Commission (SEC), that could cause
the actual results to differ materially from those
anticipated by these forward-looking statements.  In
particular, litigation involves risks and uncertainties of
duration, cost and outcome.  Linear Technology assumes no
obligation to update this forward-looking information.

    For more information, please contact:

     John England, 
     General Counsel, 
     Linear Technology Corporation
     Tel:   [phone]
     Email: [e-mail]

     John Hamburger, 
     Director,
     Marketing Communications
     Linear Technology Corporation,
     Tel:   [phone] 
     Email: [e-mail]

SOURCE  Linear Technology Corporation

Flowserve Announces Opening of Suzhou, China, Manufacturing Facility

Flowserve Announces Opening of Suzhou, China, Manufacturing Facility

August 07, 2006

A World Leader in Fluid Motion and Control Products and Services to Begin Manufacturing in First Quarter 2007

    SUZHOU, China, Aug. 7 /Xinhua-PRNewswire/ -- Flowserve
Corp. (NYSE: FLS), a world leader in fluid motion and
control products and services, held a dedication ceremony
today at its new pump, valve and seal manufacturing
facility in Suzhou, China.  The state-of-the-art facility
will support the company's existing China operations in
Beijing, Shanghai, Dalian and Shenzhen by providing pumps,
valves, seals and services to the oil and gas, power,
chemical processing and water sectors as well as other
industries.  This new 15,000 m2 facility will begin full
manufacturing operations in the first quarter of 2007.

    A key step in Flowserve's global strategy, the facility
is located in the Suzhou Industrial Park, 100 kilometers
outside of Shanghai.  This location is ideally positioned
to help Flowserve expand its growing global customer base.


    This site will provide a platform for continued growth
in China and the region.  Flowserve plans to manufacture
several of its pump, valve and seal product lines for the
domestic and export markets as well as have engineering,
assembly and test capabilities on-site.  

    "China and the Asia-Pacific region continue to be
key drivers of our global growth as a company," said
Flowserve President and CEO Lewis Kling. "We are very
excited about this significant addition to our already
existing footprint in China.  With its excellent location,
efficient infrastructure and forward-looking leadership,
Suzhou is an ideal base to build our production
capacity."  

    "The core industries we serve, such as oil and
gas, power, chemical and water are growing significantly in
the region, and this new facility is designed to serve our
customers more effectively by offering an excellent center
for manufacturing and local sourcing," Kling said.  

    Flowserve's products are designed to withstand extreme
temperatures, caustic chemicals, intense pressures and
other demanding conditions in some of the most remote and
developing geographies.  These products and services
combined with over 200 years of experience enable Flowserve
to support critical infrastructure projects that are
essential to delivering growth in the region. 

    "This new facility is designed to provide our
industry-leading products and services to address the
region's strong growth plans," said Flowserve China
President Josh Fu.  "Our company is committed to the
principle of sustainable development, and this will be
reflected in how we operate this facility, how we partner
with the local community and in the solutions we offer to
our customers." 

    "I am very pleased to take part in this
significant moment at the Flowserve Suzhou dedication
ceremony," said deputy mayor of Suzhou Municipal
Government Zhou Wei Qiang.  "Under Mr. Kling's
excellent leadership, we believe Flowserve will enjoy
outstanding success and has a very promising future in
Suzhou and in China." 

    Flowserve's goal for the remainder of 2006 is to
complete the interior build-out of the facility and to
train new employees on Flowserve's manufacturing and
continuous improvement processes.  The facility should
begin full manufacturing operations in the first quarter of
2007. 

    Flowserve Corp. is one of the world's leading providers
of fluid motion and control products and services. 
Operating in 56 countries, the company produces engineered
and industrial pumps, seals and valves as well as a range
of related flow management services.

    SAFE HARBOR STATEMENT:  This news release includes
forward-looking statements.  Forward looking statements are
all statements that are not statements of historical facts
and include, without limitation, statements relating to our
business strategy and statements of expectations, beliefs,
future plans and strategies and anticipated developments
concerning our industry, business, operations and financial
performance and condition.  The words "believe",
"seek", "anticipate", "plan",
"estimate", "expect",
"intend", "project",
"forecast", "predict",
"potential", "continue",
"will", "may", "could",
"should", and other words of similar meaning are
intended to identify forward-looking statements.  The
forward-looking statements made in this news release are
made pursuant to safe harbor provisions of the Private
Securities Litigation Reform Act of 1995.  These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that, in some cases, are
beyond our control.  These risks, uncertainties and factors
may cause our actual results, performance and achievements,
or industry results and market trends, to be materially
different from any future results, performance,
achievements or trends expressed or implied by such
forward-looking statements.  Important risks, uncertainties
and other factors that could cause actual results to differ
from these forward-looking statements include, but are not
limited to, the following: delays in future reports of the
Company's management and outside auditors on the Company's
internal control over financial reporting and related
certifications; continuing delays in the Company's filing
of its periodic public reports and any SEC, NYSE or debt
rating agencies' actions resulting therefrom; the
possibility of adverse consequences of the pending
securities litigation; the possibility of adverse
consequences related to the investigations by the SEC and
foreign authorities regarding our participation in the
United States Oil-for-Food program; the possibility of
adverse consequences of governmental tax audits of the
Company's tax returns, including the upcoming IRS audit of
the company's U.S. tax returns for the years 2002 through
2004; the Company's ability to convert bookings, which are
not subject to nor computed in accordance with generally
accepted accounting principles, into revenues at
acceptable, if any, profit margins, since such profit
margins cannot be assured nor be necessarily assumed to
follow historical trends; changes in the financial markets
and the availability of capital; changes in the already
competitive environment for the Company's products or
competitors' responses to the Company's strategies; the
Company's ability to integrate acquisitions into its
management and operations; political risks, military
actions or trade embargoes affecting customer markets,
including the continuing conflict in Iraq, uncertainties in
certain Middle Eastern countries such as Iran, and their
potential impact on Middle Eastern markets and global
petroleum producers; the Company's ability to comply with
the laws and regulations affecting its international
operations, including the U.S. export laws, and the effect
of any noncompliance; the health of the petroleum,
chemical, power and water industries; economic conditions
and the extent of economic growth in the U.S. and other
countries and regions; unanticipated difficulties or costs
associated with the implementation of systems, including
software; the Company's relative geographical profitability
and its impact on the Company's utilization of foreign tax
credits; the recognition of significant expenses associated
with realigning operations of acquired companies with those
of Flowserve; the Company's ability to meet the financial
covenants and other requirements in its debt agreements;
any terrorist attacks and the response of the U.S. to such
attacks or to the threat of such attacks; technological
developments in the Company's products as compared with
those of its competitors; changes in prevailing interest
rates and the Company's effective interest costs; and
adverse changes in the regulatory climate and other legal
obligations imposed on the Company. It is not possible to
foresee or identify all the factors that may affect our
future performance or any forward-looking information, and
new risk factors can emerge from time to time.  Given these
risks and uncertainties, you should not place undue reliance
on forward-looking statements as a prediction of actual
results.  All forward-looking statements included in this
news release are based on information available to us on
the date of this news release.  We undertake no obligation
to revise or update any forward-looking statement or
disclose any facts, events or circumstances that occur
after the date hereof that may affect the accuracy of any
forward-looking statement.

    For more information, please contact:

    Investor Contact:
     Michael Conley, 
     Vice President - Investor Relations
     Tel:   [phone]

    Media Contact: 
     Lars Rosene, 
     Director - Global Communications 
     Tel:   [phone]

SOURCE  Flowserve Corp.