Watts Witit

OTTAWA, ONTARIO, Mar 29, 2012 (MARKETWIRE via COMTEX) –
TrueContext Mobile Solutions Corporation

/quotes/zigman/1529515 CA:TMN
0.00%

(“TrueContext” or “the Company”), a mobile data solutions company
today announced results for its year ended December 31, 2011. 2011
represents TrueContext’s first financial reporting year under IFRS
and 2010 comparable results have been adjusted to reflect IFRS
treatment. All amounts are stated in Canadian dollars unless
otherwise noted.

Operating Results for the Year Ended December 31, 2011

Total revenue for the year ended December 31, 2011 of $1,555,703
represented an increase of 113% over total revenue for 2010 of
$729,842.

— 2011 subscription license revenue grew by 119% to $984,252 from $449,121
in 2010.
— 2011 US operator channel subscription revenue grew to $492,061 from
$34,662 in 2010.
— 2011 services revenue grew by 104% to $571,451 from $280,721 in 2010.
Professional services revenue increased by 183% to $498,391, while
maintenance revenue from legacy perpetual licenses decreased by 30% to
$73,060.
— Company 2011 net loss was $2,767,984 compared to 2010 net loss of
$2,027,632 with increased loss due to additional spending on product
development and operator channel sales and marketing support.
— Company December 31, 2011 cash and cash equivalents of $889,766 and net
working capital of $179,385.

Operating Results for the Three Months Ended December 31, 2011

Total revenue for the fourth quarter of 2011 of $504,694 represented
an increase of 19% over total revenue for the 2011 third quarter of
$423,593 and 121% growth over total revenue of $228,905 for the
comparable fourth quarter of 2010.

-- License revenue for the three months ended December 31, 2011 grew by 23%
to $336,175 from $273,938 in the 2011 third quarter and by 161% from
$128,793 for the comparable fourth quarter in 2010.
-- Services revenue was $168,519 for the 2011 fourth quarter compared to
$149,655 in the third quarter of 2011 and $100,112 for the comparable
fourth quarter of 2010.
-- Company Q4 2011 net loss was $748,856 compared to the Q3 2011 net loss
of $747,157 and the comparable 2010 Q4 net loss of $605,127.

"Our 2011 results show steady growth in customers, subscribers and
revenues. We continue to focus on maximizing subscriber growth
primarily through our best operator channel partners. We have
witnessed solid traction in the US and we are leveraging the same
commercial tools and strategy to other geographies," said Alvaro
Pombo, Chief Executive Officer, TrueContext.

Mr. Pombo added, "Our subscriber based software as a service ("SaaS")
business requires investment in product development, sales and
marketing resources upfront to gain a recurring base of fee revenue
into the future. We are beginning to see the payoff from the
investment in previous periods with a meaningful and growing base of
subscriber proceeds. We will spend carefully in 2012 to maximize
growth rates while maintaining sound SaaS fundamentals and
controlling our costs."

ABOUT PRONTOFORMS(TM) AND TRUECONTEXT

ProntoForms, by TrueContext, revolutionizes how mobile workers and
managers communicate and report, improving business productivity and
efficiency. With the advent of mobile devices, digital mobile form
submission is now a business reality - eliminating costly, slow and
error prone paper form processes. ProntoForms is your business forms
gone mobile, no changes to your process. Featuring portal reports and
real-time business information from the field, ProntoForms works on
your favorite mobile devices - iPhone and iPad, BlackBerry, Android,
Windows Mobile and HP webOS.

TrueContext is traded on the TSXV under the symbol TMN. TrueContext
has a powerful and proprietary patent portfolio, from which
ProntoForms mobile App and Web reporting portal are developed.
ProntoForms is the registered trademark of TrueContext Corporation, a
wholly-owned subsidiary of TrueContext.

Certain information in this press release may constitute
forward-looking information. This information is based on current
expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially
from results suggested in any forward-looking statements. The Company
assumes no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those
reflected in the forward looking-statements unless and until required
by securities laws applicable to the Company.

There are a number of risk factors that could cause future results to
differ materially from those described herein, including but not
limited to the following: (i) there can be no assurance that the
Company will earn any profits in the future or that profitability, if
achieved, will be sustained; (ii) if the Company is not able to
achieve profitability, it will require additional equity or debt
financing, and there can be no assurances that the Company will be
able to obtain additional financial resources on favourable
commercial terms or at all; (iii) the Company's quarterly revenues
and operating results may fluctuate, which may harm its results of
operations; (iv) the loss of business from a major customer, operator
or other reseller could reduce the Company's sales and harm its
business and prospects; (v) a portion of the Company's sales are
through operators and other resellers, and an adverse change in the
Company's relationship with any of such operators or other resellers
may result in decreased sales; (vi) the market for software as a
service is at a relatively early stage of development, and if it does
not develop or develops more slowly than expected, the Company's
business will be harmed; (vii) the Company faces competition from
other software solution providers, which may reduce its market share
or limit the prices it can charge for its software solutions; (viii)
a global economic downturn or market volatility may adversely affect
our business and/or our ability to complete new financings;

(ix) the business of the Company may be harmed if it does not
continue to penetrate markets; (x) the success of the business
depends on the Company's ability to develop new products and enhance
its existing products; (xi) the Company's growth depends in part on
the success of its strategic relationships with third parties; (xii)
the financial condition of third parties may adversely affect the
Company; (xiii) the US dollar may fluctuate significantly compared to
the Canadian dollar, causing reduced revenue and cash flow as most of
our revenues are received in US dollars while most of our expenses
are payable in Canadian dollars; (xiv) subscription services which
produce the majority of the Company's revenue are hosted by a third
party service for the Company and any interruption in service could
harm its results of operations; (xv) intellectual property claims
against the Company may be time consuming, costly to defend, and
disruptive to the business; (xvi) the Company uses open source
software in connection with its products which exposes it to
uncertainty and potential liability; (xvii) economic uncertainty and
downturns in the software market may lead to decreases in the
Company's revenue and margins; (xviii) any significant changes in the
technological paradigm utilized for building or delivering
applications in Smartphone devices could harm the Company's business
and prospects; and (xix) if the Company loses any of its key
personnel, its operations and business may suffer. Please see "Risk
Factors Affecting Future Results" in the Company's annual
management's discussion and analysis for a more complete discussion
of these and other risks. Readers are cautioned not to place undue
reliance on forward-looking statements. Additional information
identifying risks and uncertainties is contained in the Company's
filings with the Canadian securities regulators, which filings are
available at
www.sedar.com .

This news release does not constitute an offer to sell or a
solicitation of an offer to buy any securities. The securities have
not been and will not be registered under the United States
Securities Act of 1933, as amended (the "US Securities Act") or any
state securities laws and may not be offered or sold within the
United States or to US persons unless registered under the US
Securities Act and applicable state securities laws or an exemption
from such registration is available.

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

Contacts:
TrueContext Mobile Solutions Corporation
Alvaro Pombo
Chief Executive Officer
613.599.8288 ext. 1111
apombo@truecontext.com

SOURCE: TrueContext Mobile Solutions Corporation

mailto:apombo@truecontext.com

Copyright 2012 Marketwire, Inc., All rights reserved.

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CA:TMN

TrueContext Mobile Solutions Corp.

CA

: TSX Venture

$
0.06

0.00
0.00%

Volume: 1,000
March 28, 2012 12:00a

P/E RatioN/A
Dividend YieldN/A

Market Cap$4.26 million
Rev. per EmployeeN/A

MUMBAI, India, Mar 30, 2012 (GlobeNewswire via COMTEX) –
iGATE Corporation, the first integrated technology and operations company providing Business Outcomes based solutions under the brand name iGATE Patni, today announced that further to the Public Announcement made on March 14, 2012 and the Bid Letter dated March 14, 2012 mailed to the shareholders of Patni Computer Systems Limited, the last date for receipt of bids for the Delisting Offer has concluded today on Friday, March 30, 2012. The Promoters will evaluate the results of the above Delisting Offer and declare their decision whether or not to accept the same on April 10, 2012.

About iGATE Patni:

‘iGATE Patni’ is the common brand identity of two organizations — iGATE and Patni. With iGATE Corporation having acquired a majority stake in Patni Computer Systems Limited, the two companies, under the common brand iGATE Patni, provide full-spectrum consulting, technology and business process outsourcing, and product engineering services on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS (Integrated Technology and Operations) platform, iGATE Patni’s multi-location global organization with a talent pool of 27000+ people, consistently delivers effective solutions to over 360 Fortune 1000 clients spanning across verticals like: banking & financial services; insurance & healthcare; life sciences; manufacturing, retail, distribution & logistics; media, entertainment leisure & travel; communication, energy & utilities; public sector; and independent software vendors. Visit:
www.igatepatni.com .

iGATE Corporation is listed on NASDAQ (IGTE), and Patni Computer Systems Limited on BSE (532517), NSE (PATNI) and NYSE (PTI).

The iGATE Patni brand logo is available at

http://www.globenewswire.com/newsroom/prs/?pkgid=5150

This news release was distributed by GlobeNewswire,
www.globenewswire.com

SOURCE: iGATE Corporation

CONTACT: Investor Contact:
Araceli Roiz
+1 (510) 896 3007
Araceli.roiz@igatepatni.com
Media Contact:
Prabhanjan Deshpande “PD”
+91 80 4104 5006
PD@igatepatni.com

(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

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Hong Kong, Mar 30, 2012 (ACN Newswire via COMTEX) –
Metallurgical Corporation of China Ltd. (“MCC” or the “Company”, HKSE: 1618) published its 2011 annual results announcement, which sets out that newly-signed contract value of the Company amounted to RMB227.9 billion, a year-on-year increase of 4.3%; operating revenue of the Company amounted to RMB229.7 billion, a year-on-year increase of 11.3%. However, due to the continuous loss of MCC Huludao Nonferrous Metals Group Co., Ltd., net profit of the Company was RMB3.71 billion, a year-on-year decrease of 33.4%; net profit attributable to equity holders of the Company amounted to RMB4.24 billion, a year-on-year decrease of 20.3%. Although the overall profitability of the Company curtailed slightly in 2011, its traditional construction business still recorded a significant growth in profit.

- Newly-signed contract value of the Company amounted to RMB227.9 billion, a year-on-year increase of 4.3%;

- Operating revenue of the Company amounted to RMB230.2 billion, a year-on-year increase of 11.3%;

- Due to the continuous loss of MCC Huludao Nonferrous Metals Group Co., Ltd., net profit of the Company was RMB3.71 billion, a year-on-year decrease of 33.4%;

- Although the overall profitability of the Company curtailed slightly in 2011, its traditional construction business still recorded a significant growth in profit

MCC primarily engaged in engineering and construction, equipment manufacturing, resources development and property development with diversified business across a number of industries and countries. In 2011:

1. Enhanced comprehensive strength

In 2011, the Company further enhanced its comprehensive strength and ranked no. 297 among Fortune 500 companies in “Fortune” magazine published in 2011, up 18 places, ranked no. 7 in the “225 Global Largest Contractors” by “Engineering News Record” (ENR), up one spot over last year. As a company principally engaging in traditional engineering and construction contract, the Company received 5 Luban Awards, 9 National Quality Construction Awards, 4 National Prizes for Outstanding Survey and Design and 150 High Quality Awards in the Metallurgical Industry (Engineering) in respect of the projects undertaken or in which it had participated, of which engineering accounted for 27 awards, 99 accounted for design and 24 for survey, revealing increasing competitiveness of its core business.

2. Prominent technological achievements

In 2011, the Company invested RMB2.029 billion in technology. As of the end of 2011, the Company has 9 national technology innovation platforms, 52 provincial and ministerial technological innovation platforms and 42 MCC engineering technology centers, under which the Company applied for the approval of 54 national key scientific research projects in 2011 with 2,886 new applications for patents, accumulating 5,984 effective patents. We received 2 National Science and Technology Awards and 8 Metallurgy and Technology Awards, completing the verification of 176 technology achievements and the compilation of 45 national standards and industry standards with our remarkable technological achievements, being the forerunner among state-owned enterprises.

3. Increasing construction of affordable housing while proactively promoting the energy saving and environmental protection industry

In 2011, the Company actively involved in the construction of affordable housing. As of the end of 2011, the Company’s total investment in development project plan amounted to RMB 50.87 billion, with planned GFA of 20.637 million sq.m. Investment for the period reached RMB9.31 billion, with area under construction of 10.824 million sq.m., area of newly commenced construction of 4.307 million sq.m. and area completed of 1.231 million sq.m. In addition to the affordable housing business, the Company also stepped up efforts in the emerging energy saving and environmental protection sector. In 2011, a number of representative projects, namely Shandong Yongfeng sintering flue gas desulfurization project, Xinggang sintering residual heat power generation project, Dongbei special steel base environmental relocation project in Dalian, Yangzhou waste-to-energy project, Jinan waste-to-energy project, Xiangyang waste-to-energy project as well as Qinhuangdao waste-to-energy project, have all been completed.

4. Taking the initiative to explore overseas market

In 2011, overseas operating revenue of the Company amounted to RMB13.97 billion, up 12.1% year-on-year. Newly-signed big contracts include the project for petroleum engineering institution of Kuwait University and the India Tata KPO coking project. On 11 August 2011, the Turkish Islamic Windermere (ISDEMIR) steel mill 4# 3,000 m3 blast furnace designed by Huatian Engineering & Technology Corporation, MCC, a subsidiary of the Company, successfully produced iron, being the largest blast furnace in Turkey as well as China’s largest overseas constructed blast furnace so far. On top of the engineering and construction, the Company also actively expanded overseas equipment manufacturing, resources development and property development business.

1) Steadfast growth in traditional business

As the largest metallurgical engineering contractor in the world, the traditional principal business of the Company will maintain stable development as a result the factors such as optimization of steel varieties and rising demand for high-end products; energy-saving and emission reduction, technological upgrade and relocation of urban steel factories; phasing out of outdated production capacity for new capacities; and adjustment in layout of steel industry, the completion of Zhanjiang and Fangchenggang premium steel bases during the 12th Five-Year Plan period. Meanwhile, with the new targets set in respect of reducing cost and increasing profit and energy-saving and emission reduction, there will be new needs for technology upgrading for metallurgical equipment and thus more growth potential for advanced metallurgical equipments, which will benefit the Company’s metallurgical equipment business.

As one of the enterprises under the central government which early started corporate transformation, the Company has been actively developing non-metallurgical engineering market at home and abroad. During the 12th Five-Year Plan period, factors such as the steadily rising urbanization rate in China increases as well as demand for construction of welfare housing projects and environmental friendly green projects will create much room for the Company’s non-metallurgical engineering business to grow. In addition, with the development of the infrastructure construction market and the environmental friendly construction sector at home and abroad, the Company, as a national innovation enterprise and leveraging on the strength of industrial chain integrating science, technology and construction, is to embrace new development opportunity.

2) New Businesses start to reap

Page 1
Page 2

MCLEAN, Va. and FAIRFAX, Va., March 30, 2012 /PRNewswire via COMTEX/ –
ATS Corporation

/quotes/zigman/1503283/quotes/nls/atsc ATSC
+0.94%

, a leading information technology company that delivers innovative technology solutions to government and commercial organizations, and Salient Federal Solutions, Inc. (Salient), a leading provider of information technology, engineering, and intelligence analytic services to agencies in the intelligence, defense, homeland security, and cyber domains, today announced that the tender offer by Atlas Merger Subsidiary, Inc. (“Purchaser”) for all of the outstanding shares of common stock of ATSC at a price of $3.20 per share has expired.

On February 21, 2012, ATSC announced that it had entered into a definitive merger agreement with Salient. On February 28, 2012, Salient commenced a cash tender offer to acquire ATSC’s outstanding shares of common stock at $3.20 per share net to the seller in cash, without interest and less any required withholding taxes. The tender offer expired at 11:59 p.m., New York City time, on March 29, 2012, and Wells Fargo Bank, N.A., the depositary for the tender offer, has advised that, as of the expiration time, 22,552,686 shares of ATSC common stock (including approximately 215,861 shares subject to guarantees of delivery) had been validly tendered and not properly withdrawn, representing approximately 97% of the outstanding shares of ATSC. All of these shares have been accepted for payment by Purchaser.

In accordance with the definitive merger agreement, Salient is in the process of effecting a “short-form” merger under Delaware law, pursuant to which Purchaser will merge with and into ATSC. The merger is expected to occur today. In the merger, each share of ATSC common stock not previously purchased in the tender offer (other than any stockholders validly exercising their appraisal rights under Delaware law) will be converted into the right to receive $3.20 per share net to the seller in cash, without interest and less required withholding taxes. As a result of the completion of the merger, ATSC’s common stock will cease trading on the NYSE AMEX.

About ATSC

ATSC is a leading provider of software and systems development, systems integration, infrastructure management and outsourcing, information sharing, training and consulting to the Department of Defense, federal civilian agencies, public safety and national security customers, as well as commercial enterprises. Headquartered in McLean, Virginia, the Company has more than 400 employees.

Website:
www.atsc.com

About Salient Federal SolutionsSalient Federal Solutions is a leading provider of Federal IT and engineering solutions that enable government and industry to respond quickly to new or surge mission requirements with exactly the right people, skills, expertise, and technical solutions. The company works to accelerate mission impact by delivering highly adaptable technology services, engineering solutions, and domain expertise that enable customers to rapidly meet the pressing requirements of today, while anticipating tomorrow’s evolving challenges. Salient Federal Solutions is headquartered in Fairfax, Va., with offices in Colorado Springs, Orlando, San Diego, and Tampa.

Website:
www.salientfed.com

Additional InformationThis communication is neither an offer to purchase nor solicitation of an offer to sell securities. A subsidiary of Salient has filed a tender offer statement on Schedule TO with the Securities and Exchange Commission (the “SEC”), and ATSC has filed a solicitation/recommendation statement on Schedule 14D-9, with respect to the offer. The tender offer statement (including an offer to purchase, a related letter of transmittal and other offer documents) and the solicitation/recommendation statement contain important information that should be read carefully before any decision is made with respect to the tender offer. Those materials have been made available to ATSC’s stockholders at no expense to them. In addition, all of those materials (and all other offer documents filed with the SEC) are available at no charge on the SEC’s website:
www.sec.gov .

Forward-looking StatementsAll statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of that term in 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. These statements and this information represent ATSC’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of ATSC. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include but are not restricted to: uncertainties as to the timing of the tender offer and the merger; uncertainties as to how many of ATSC’s stockholders will tender their shares in the offer; the risk that competing offers will be made; the possibility that various closing conditions for the transaction may not be satisfied or waived, including regulatory clearance; ATSC’s dependence on contracts with federal government agencies for the majority of its revenue, ATSC’s dependence on its GSA schedule contracts and its position as a prime contractor on government-wide acquisition contracts to grow its business, and other factors discussed in ATSC’s latest annual report on Form 10-K filed with the Securities and Exchange Commission on February 17, 2011. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “foresee,” “plan,” and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. ATSC disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.

SOURCE Salient Federal Solutions, Inc.

Copyright (C) 2012 PR Newswire. All rights reserved

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ATSC

ATS Corp.

US

: NYSE Amex

$
3.21

+0.03
+0.94%

Volume: 3,866
March 30, 2012 4:01p

P/E Ratio16.67
Dividend YieldN/A

Market Cap$74.63 million
Rev. per Employee$198,711

MELBOURNE, Fla., Mar 30, 2012 (BUSINESS WIRE) –
Harris Corporation

/quotes/zigman/228828/quotes/nls/hrs HRS
+0.81%

will host a conference call on Tuesday,
May 1, 2012, at 8:30 a.m. Eastern Time (ET) to discuss its third quarter
fiscal year 2012 financial results. The company will issue a press
release reporting its third quarter earnings at approximately 6:30 a.m.
ET.

The dial-in numbers for the teleconference are (866) 578-5747 (U.S.) and
(617) 213-8054 (International), using participant code 12532401. Please
allow at least 10 minutes before the scheduled start time to connect to
the teleconference. Participants are encouraged to listen via webcast,
which will be broadcast live at
www.harris.com/conference-call .
A recording of the call will be available on the Harris website,
beginning at 12 p.m. ET on May 1.

About Harris Corporation

Harris is an international communications and information technology
company serving government and commercial markets in more than 150
countries. Headquartered in Melbourne, Florida, the company has
approximately $6 billion of annual revenue and about 17,000 employees —
including nearly 7,000 engineers and scientists. Harris is dedicated to
developing best-in-class assured communications®
products, systems, and services. Additional information about Harris
Corporation is available at
www.harris.com .

SOURCE: Harris Corporation

Harris Corporation
Investor Relations inquiries:
Pamela Padgett, 321-727-9383
pamela.padgett@harris.com
or
Media inquiries:
Jim Burke, 321-727-9131
jim.burke@harris.com

Copyright Business Wire 2012

/quotes/zigman/228828/quotes/nls/hrs

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HRS

Harris Corp.

US

: NYSE Euronx

$
45.08

+0.36
+0.81%

Volume: 845,946
March 30, 2012 4:02p

P/E Ratio9.73
Dividend Yield2.93%

Market Cap$5.13 billion
Rev. per Employee$354,284

WOBURN, MA and ALBANY, NY, Mar 30, 2012 (MARKETWIRE via COMTEX) –
Magnolia Solar Corporation

/quotes/zigman/586557 MGLT
0.00%

(“Magnolia Solar,”
“Magnolia”) announced today it filed its annual report with the
Securities and Exchange Commission on Thursday, March 29, 2012.

Magnolia Solar is a development stage company focused on next
generation nanostructure-based thin film solar cells that can be
deposited on glass and other flexible substrates for defense and
commercial applications. Magnolia’s research and development effort
is located at the Albany Nanotech Center of the College of Nanoscale
Science and Engineering (CNSE) in Albany. Magnolia is also part of
the Photovoltaic Manufacturing Consortium (PVMC) funded by the U.S.
Department of Energy under the Sun Shot program. In addition, State
of New York and the New York State Energy Research and Development
Agency (NYSERDA) have invested approximately $100 million to build a
new facility for the PVMC next generation Copper Indium Selenide
(CIGS) based manufacturing process development.

During 2012 Magnolia plans to use CNSE’s PVMC and Solar Energy
Development Center in Halfmoon, New York, a 100 kilowatt prototyping
facility, to test and develop manufacturing process. Magnolia
believes that the use of this facility to develop, refine, evaluate,
and finalize its technology program provides a very cost-effective
approach to commercialization.

Magnolia has filed several patents to protect its intellectual
property and is adding key technical personnel to validate and
commercialize these solar cell technologies. Magnolia’s goal is to
increase the efficiency from the present thin film solar cell
efficiency of about 11% to those rivaling efficiencies of crystalline
photovoltaic cells in a commercial environment at a cost of
significantly less than current costs; potentially reaching $0.50 per
watt.

Magnolia has received the following awards to advance the development
of its technology:

— Magnolia Solar received its first purchase order for $1 million award
from the New York State Energy Research and Development Authority
(“NYSERDA”) for the development of advanced thin-film solar cells
using its technology, in partnership with the College of Nanoscale
Science and Engineering (“CNSE”) at the University of Albany. This
work successfully transitioned from the first phase to the next phase
and the work on this contract is ongoing at present;

— Magnolia was awarded a contract from the National Aeronautical and
Space Administration (NASA) for the development of a quantum-well
waveguide technology for solar cell. The work on the NASA contract has
been completed. The amount of the award was $99,999;

— Magnolia was awarded a Phase I contract from the U.S. Air Force to
study the development of flexible, lightweight, ultra-high efficiency
solar cells. The Phase I contract was for $99,999. Following the work
for this contract which demonstrated Magnolia Solar’s approach to
simultaneously increase the current and voltage output of photovoltaic
devices for space power applications, the U.S. Air Force has extended
the contract to Phase II of the SBIR to demonstrate the technology.
The amount of the Phase II award is $750,000 and the work on this
contract is currently underway;

— Magnolia Solar received a second Phase I award from the U.S. Air Force
to develop ultra-high efficiency, single junction quantum dot solar
cells that can potentially match the efficiency of multiple junction
solar cells at significantly lower costs. The contract amount was
$99,999. The work on this contract has been completed;

— Magnolia received an innovative product development contract from
NYSERDA. The baseline program award is $250,000. The goal of this
contract is to improve the performance of thin film solar cells by
incorporating advanced light trapping techniques and nanostructured
optical coatings. Work on this contract is currently underway.

Dr. Ashok Sood, President and CEO, stated, "In 2011 we made significant
advances in the development of our technology. We have demonstrated
that our technology can increase both voltage and current to increase
the efficiency of thin-film solar cells to levels that have not been
achieved in commercial production to date. We have also successfully
demonstrated that our nanostructure based antireflective coating
technology can achieve near perfect transmittance to potentially
eliminate sun light reflection, thereby increasing photon absorption
and solar cell efficiency. Our focus in 2012 is to work with our
partners in the Albany, New York area to scale up and develop
commercial processes for some of these technologies."

Magnolia Solar reported that it had revenue of $675,971 for the
fiscal year 2011, which produced a gross profit of $297,910. The
indirect and administrative labor, professional fees, depreciation
and amortization, and general and administrative expenses were
$1,337,399. Magnolia Solar reported a net loss of $2,239,631 or $0.09
per share, which included non-operating expenses relating to interest
expenses and amortization of the original issue discount on a note
associated with the reverse merger.

About Magnolia Solar Corporation:

Based in Woburn, MA and Albany, NY, Magnolia Solar was founded in
2008 to develop and commercialize revolutionary new thin film solar
cell technologies that employ nanostructured materials and designs.
Both higher current and voltage outputs are expected from thin film
solar cells that combine Magnolia's exclusive material structures
with advanced optical coatings. Magnolia's patent-pending technology
has the ability to capture a larger part of the solar spectrum to
produce high efficiency solar cells, and incorporates a unique
nanostructure-based antireflection coating technology to further
increase the solar cell's efficiency, thereby reducing the cost per
watt. Magnolia Solar technology targets electrical power generation
applications, such as power for electrical grids and distributed
power applications ranging from commercial and residential lighting
to specialized military applications.

For more information, please visit
www.MagnoliaSolar.com , or visit us
on Facebook, Twitter, You Tube, or LinkedIn.

Forward-Looking Statements: This release contains forward-looking
statements, including, without limitation, statements concerning our
business and possible or assumed future results of operations. Our
actual results could differ materially from those anticipated in the
forward-looking statements for many reasons including: our ability to
continue as a going concern, adverse economic changes affecting
markets we serve; competition in our markets and industry segments;
our timing and the profitability of entering new markets; greater
than expected costs, customer acceptance of our products or
difficulties related to our integration of the businesses we may
acquire; and other risks and uncertainties as may be detailed from
time to time in our public announcements and SEC filings. Although we
believe the expectations reflected in the forward-looking statements
are reasonable, they relate only to events as of the date on which
the statements are made, and our future results, levels of activity,
performance or achievements may not meet these expectations. We do
not intend to update any of the forward-looking statements after the
date of this document to conform these statements to actual results
or to changes in our expectations, except as required by law.

For more information contact:
Magnolia Solar, Inc.
Email Contact

SOURCE: Magnolia Solar, Inc.

http://www2.marketwire.com/mw/emailprcntct?id=B90B7F3A20EEC95B

Copyright 2012 Marketwire, Inc., All rights reserved.

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MGLT

Magnolia Solar Corp.

US

: OTCBB

$
0.13

0.00
0.00%

Volume: 2,660
March 30, 2012 11:38a

P/E RatioN/A
Dividend YieldN/A

Market Cap$3.47 million
Rev. per Employee$162,074

TEL AVIV, Israel, Mar 30, 2012 (GlobeNewswire via COMTEX) –
Ampal-American Israel Corporation

/quotes/zigman/68092/quotes/nls/ampl AMPL
-0.52%

, a holding company with experience in acquiring interests in various businesses with emphasis in recent years on energy and related fields, today reported its financial results for the year ended December 31, 2011.

For the year ended December 31, 2011, revenues were $575.3 million, compared to revenues of $505.0 million for the same period in 2010.

For the year ended December 31, 2011, Ampal recorded a consolidated net loss of $(95.3) million, or $(1.69) per diluted share, as compared to a net loss of $(44.7) million, or $(0.80) for the same period in 2010.

The net loss of $(95.3) million for the year includes a $(98.1) million impairment of assets and a positive impact of approximately $6.2 million, due to the effect of a translation gain resulting from the appreciation of the U.S. Dollar against the New Israeli Shekel and the increase of the Israeli Consumer Price Index. Also included are accounting losses totaling approximately ($9.1) million from the Price Purchase Allocation and intangible asset amortizations of Ampal and Ampal’s holdings. Excluding these items, there was a gain of approximately $5.7 million for the year1.

Ampal ended the year with total assets of $846.6 million and shareholders’ equity of $78.0 million, as compared to $1,397.7 million and $185.2 million respectively, at December 31, 2010.

As of December 31, 2011, Ampal had cash, cash equivalents, other financial investments and deposits of $99.3 million.

Gadot Chemical Tankers and Terminals Ltd.’s (“Gadot”) results for the year ended December 31, 2011 were as follows:

— Revenues increased by approximately 9% from $497 million to $540 million
compared to the year ended December 31, 2010.
— Adjusted EBITDA increased from $26 million to $30 million.

COMPANY'S PRESENTATION

The Company's investments presentation will be available via the Internet at the Company's website at
http://www.ampal.com .

CONFERENCE CALL

Ampal's management will be hosting conference calls to discuss the year end results on Monday, April 2, 2012, as detailed below:

The Hebrew call will take place on Monday, April 2, 2012 at 12:30 Israel time (05:30 AM ET).

To access the conference call, participants are welcome to use the following access number: +972-3-9180610

The English call will take place on Monday, April 2, 2012 at 17:00 Israel time (10:00 AM ET).

To access the conference call, participants are welcome to use the following access numbers:

U.S. Dial in number - 1-888-668-9141

UK Dial in number - 0-800-917-9141

Israel and International Dial in number - + 972-3-9180644

A replay of the calls will be available on Ampal's web site (
www.ampal.com ) approximately three hours after both conference calls are completed.

1 The translation loss resulting from the depreciation of the U.S. Dollar against the New Israeli Shekel and the increase of the Israeli Consumer Price Index, the accounting expenses from the Price Purchase Allocation and intangible asset amortizations and the impairment of the investment in East Mediterranean Gas Company, S.A.E. are non-GAAP financial measures, and a reconciliation of these measures to translation and interest expense and depreciation and amortization expense is provided in this press release.

FINANCIAL HIGHLIGHTS
(In thousands, except earnings per share)

Year Ended
December 31,

2011 2010
--------------- ----------------
Revenues $ 575,339 $ 504,962
Net (loss) $ (95,321) $ (44,742)
Basic EPS $ (1.69) $ (0.80)
(loss) per
Class A share

December 31, December 31,
2011 2010
--------------- ----------------
Total Assets $ 846,609 $ 1,402,246
Shareholders' $ 78,038 $ 185,225
Equity

RECONCILIATION OF REVENUES AND EXPENSES TO ADJUSTED
EBITDA FOR GADOT (U.S. Dollars in millions)

Year Year
Ended Ended
December December
31, 31,
2011 2010
(Unaudite (Unaudite
d) d)

--------- ---------
Revenues 540 497
Expenses (494) (452)
Profit 46 45
Marketing, sales, general,
administrative and other expenses (44) (40)
Depreciation and amortization 25 17
EBITDA 27 22
Non-recurring and stock
compensation expenses 3 4
Adjusted EBITDA 30 26

Adjusted EBITDA is defined as earnings before interest, income tax provision, depreciation and amortization, adjusted for non-recurring expenses.

Management believes adjusted EBITDA for Gadot to be a meaningful indicator of its performance that provides useful information to investors regarding its financial condition and results of operations. Presentation of adjusted EBITDA is a non-GAAP financial measure commonly used by management to measure operating performance. While management considers adjusted EBITDA to be an important measure of comparative operating performance, it should be considered in addition to, but not as a substitute for, net income and other measures of financial performance reported in accordance with Generally Accepted Accounting Principles. Adjusted EBITDA does not reflect cash available to fund cash requirements. Not all companies calculate adjusted EBITDA in the same manner, and the measure as presented may not be comparable to similarly-titled measures presented by other companies.

RECONCILIATION OF TRANSLATION AND INTEREST EXPENSES TO
TRANSLATION LOSS
(U.S. Dollars in millions)

Year Ended
December 31,
2011

(Unaudited)
---------------
Translation and interest expenses $ 22

Interest expense* and translation attributed to noncontrolling
shareholders' equity $ (28)

Translation loss (gain) resulting from the depreciation of
the U.S. Dollar against the New Israeli Shekel and
linkage to the Israeli Consumer Price Index ("CPI") $ (6)

*not including cost of SWAP agreement and the cost of adjustment
to the CPI

RECONCILIATION OF DEPRECIATION AND AMORTIZATION EXPENSE TO PRICE
PURCHASE ALLOCATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE (U.S. Dollars in millions)

Year Ended
December 31,
2011
(Unaudited)

Depreciation and amortization expense from continuing operations $ 26
Depreciation expense $ (17)
Price Purchase Allocation and intangible asset amortizations expense $ 9

About Ampal:

Ampal and its subsidiaries acquire interests primarily in businesses located in the State of Israel or that are Israel-related. Ampal is seeking opportunistic situations in a variety of industries, with a focus on energy, chemicals and related sectors. Ampal's goal is to develop or acquire majority interests in businesses that are profitable and generate significant free cash flow that Ampal can control. For more information about Ampal please visit our web site at
www.ampal.com .

The Ampal-American Israel Corporation logo is available at

http://www.globenewswire.com/newsroom/prs/?pkgid=9750

Safe Harbor Statement

Certain information in this press release includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) and information relating to Ampal that are based on the beliefs of management of Ampal as well as assumptions made by and information currently available to the management of Ampal. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "intend," "plan," and similar expressions as they relate to Ampal or Ampal's management, identify forward-looking statements. Such statements reflect the current views of Ampal with respect to future events or future financial performance of Ampal, the outcome of which is subject to certain risks and other factors which could cause actual results to differ materially from those anticipated by the forward-looking statements, including among others, the economic and political conditions in Israel, the Middle East, including the situation in Iraq and Egypt, and the global business and economic conditions in the different sectors and markets where Ampal's portfolio companies operate. Should any of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcome may vary from those described herein as anticipated, believed, estimated, expected, intended or planned. Subsequent written and oral forward-looking statements attributable to Ampal or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements in this paragraph. Please refer to the Ampal's annual, quarterly and periodic reports on file with the SEC for a more detailed discussion of these and other risks that could cause results to differ materially. Ampal assumes no obligation to update or revise any forward-looking statements.

This news release was distributed by GlobeNewswire,
www.globenewswire.com

SOURCE: Ampal-American Israel Corporation

CONTACT: AMPAL-AMERICAN ISRAEL CORPORATION
Irit Eluz
CFO - SVP Finance & Treasurer
1 866 447 8636
irit@ampal.com
KM - Investor Relations
Roni Gavrielov
011-972-3-516-7620
roni@km-ir.co.il
PM-PR Media consultants
Zeev Feiner
011-972-50-790-7890
z@pm-pr.com

(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

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AMPL

Ampal-American Israel Corp.

US

: Nasdaq

$
0.23

-0.0012
-0.52%

Volume: 30,100
March 30, 2012 3:59p

P/E RatioN/A
Dividend YieldN/A

Market Cap$12.91 million
Rev. per EmployeeN/A

RICHMOND, Va., Feb. 3, 2012 /PRNewswire via COMTEX/ –
Universal Corporation

/quotes/zigman/244597/quotes/nls/uvv UVV
-1.65%

will webcast its conference call on February 7, 2012, following the release of its results for the third quarter of fiscal year 2012 after market close on that date. The conference call will begin at 5:00 p.m. Eastern Time and will be hosted by Karen M. L. Whelan, Vice President and Treasurer.

A live webcast of the conference call will be available online on a listen-only basis at
www.universalcorp.com . A replay of the webcast conference call will be available at that site until May 7, 2012. A taped replay of the call will also be available from 8:00 p.m. Eastern Time on February 7th until February 28, 2012, at (855) 859-2056. The telephone replay identification number is 49266424.

All remarks made during the conference call will be current at the time of the call, and the language of the call will not be updated to reflect subsequent material developments.

While news media representatives will not be able to ask questions during the webcast, they are welcome to monitor the remarks on a listen-only basis. The use of any comments made by Universal employees or other participants during the call will be restricted for background use only and not for attribution. The contents of the presentation are the property of Universal Corporation, protected by copyright law, and may not be reproduced in any form without the written permission of Universal Corporation. Rebroadcast of the copyrighted call or any portion thereof is prohibited.

Headquartered in Richmond, Virginia, Universal Corporation is the leading global leaf tobacco merchant and processor and conducts business in more than 30 countries. Its revenues for the fiscal year ended March 31, 2011, were $2.6 billion. For more information on Universal Corporation, visit its web site at
www.universalcorp.com .

SOURCE Universal Corporation

Copyright (C) 2012 PR Newswire. All rights reserved

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UVV

Universal Corp.

$
45.31

-0.76
-1.65%

Volume: 234,796
March 2, 2012 4:05p

FINDLAY, Ohio, Feb. 3, 2012 – Marathon Petroleum Corporation (NYSE: MPC) today announced that it has entered into an $850 million accelerated share repurchase (ASR) program under its recently authorized $2 billion share repurchase initiative. The total number of shares to be repurchased will be based generally on the volume-weighted average price of MPC stock during the repurchase period, subject to provisions that set a minimum and maximum number of shares. At yesterdays closing price of $42.56, the total shares to be acquired under the ASR would represent approximately 5.6 percent of shares outstanding at year-end 2011. It is anticipated all repurchases under the ASR will be complete on or before the end of the third quarter of 2012.

About Marathon Petroleum Corporation
MPC is the nations fifth-largest refiner with a crude capacity of approximately 1.2 million barrels per day in its six-refinery system. Marathon brand gasoline is sold through more than 5,000 independently owned locations across 18 states. In addition, Speedway LLC, an MPC subsidiary, owns and operates the nations fourth largest convenience store chain, with approximately 1,375 locations in seven states. MPC also owns, operates, leases or has ownership interest in approximately 9,400 miles of pipeline. MPCs fully integrated system provides operational flexibility to move crude oil, feedstocks and petroleum-related products efficiently through the companys distribution network in the Midwest, Southeast and Gulf Coast regions. For additional information about the company, please visit our website at http://www.marathonpetroleum.com.