Entries in the 'Telecomunication' Category

Deutsche Telekom in Full Damage Control Mode; Germany Shocked by New Privacy Invasion Scandal; EU Politics Today Offers Complete Coverage

WASHINGTON, May 27 /PRNewswire-USNewswire/ — The German telephone giant Deutsche Telekom has been hit by allegations that its senior executives ordered a covert monitoring of thousands of phone calls by customers, staff and journalists in an attempt to plug an information leak.
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NeuStar Wins Contract to Deliver Mobile Instant Messaging to Tele2

LONDON, May 21 /PRNewswire-FirstCall/ — NeuStar, Inc. today announced that Tele2, one of Europe’s leading “alternative telecommunications” operators, has selected NeuStar’s Next Generation Messaging (NGM) services to roll out mobile Instant Messaging services across Tele2’s mobile phone networks. Tele2 will be working with NeuStar to roll out mobile Instant Messaging solutions to its mobile operators serving more than 17 million customers.
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Tele2 has worked with NeuStar to implement NeuStar’s industry-leading mobile Instant Messaging, Presence, and Interconnect services into Tele2’s mobile solutions. Furthermore, NeuStar has developed additional billing software solutions to assist Tele2 in enhancing Tele2’s end-to-end solution.
“Our philosophy is to always offer our customers easy-to-use services at great value for their money, and the rollout of mobile IM will provide our customers just that,” said Karl-Johan Nybell, Director, Product Implementation and New Markets at Tele2. “NeuStar has a track record of being able to provide solutions that are easy and intuitive for the end user and quick to market for the operator. We have worked closely with NeuStar to deliver a solution that is right for our customers.”
“Tele2 prides itself in offering great value and simple to use mobile services to its customers, and we are very happy to be working with them,” said Allen Scott, General Manager of NeuStar NGM. “We are confident that Tele2 will be able to rollout mobile IM solutions to their customers quickly and easily, offering them a new mobile service that Tele2 subscribers will enjoy and use regularly.”
About NeuStar, Inc. and NeuStar Next Generation Messaging
NeuStar, Inc. is a provider of clearinghouse and directory services to the global communications and Internet industry. In November 2006, NeuStar created its Next Generation Messaging Services by acquiring Followap Inc., a leading global provider of instant messaging, presence and interconnect services.
Mobile network operators around the world trust NeuStar to enable real-time communications using presence information.
NeuStar, Inc. is headquartered in the United States, with subsidiary offices in Europe and Asia. For more information, please visit and .

NeuStar, Inc.

Verizon Wireless Phones and Accessories Will Receive High Honors With the Class of 2008

BASKING RIDGE, N.J., May 15 /PRNewswire/ — This graduation season, Verizon Wireless customers can choose from a variety of phones and accessories. Whether entering college or the job market, Verizon Wireless has cool new phones, PDAs, smartphones, and stylish and fun accessories for the graduating Class of 2008: * Music and Video Fans — The new enV(2)(TM) by LG is perfect for grads who love listening to music, watching videos and sending text messages. V CAST Music offers access to more than 3 million songs from both well-known and independent artists that can be downloaded over-the-air. With V CAST Video, grads can also catch video clips from the best names in news, sports and entertainment on their phones. * Job Hunters — The new Verizon Wireless XV6900 will keep grads connected, organized and up-to-date for job interviews. This touch- screen phone’s luxurious white design and fast Internet and e-mail connectivity will offer the perfect combination of style and function. For grads looking for jobs in an unfamiliar city, the new BlackBerry(R) Curve(TM) 8330 smartphone from Verizon Wireless with VZ Navigator(SM) capabilities is a natural choice. Verizon Wireless’ location-based service offers customers mapping, audible turn-by-turn navigation and access to information on more than 14 million points of interest, so grads will never get lost on their way to an interview. * Globetrotters — For grads planning to study or travel abroad, Verizon Wireless offers two great options for placing and receiving calls internationally: the MOTO(TM) Z6c and the BlackBerry(R) 8830 World Edition smartphone. The MOTO Z6c is a sleek slider phone with global roaming capabilities that lets grads stay connected while traveling outside the U.S. In the States, grads can take advantage of Verizon Wireless’ multimedia services such as V CAST Music and Video. The BlackBerry 8830 World Edition smartphone, coupled with Verizon Wireless’ Global BlackBerry service, lets grads access e-mail in more than 100 countries and make calls in more than 185 countries, allowing grads to stay connected wherever their travels take them. * Fashionistas — Any fashion-forward grad will appreciate a stylish way to protect and carry their Verizon Wireless phone with fashionable and fun cases including the Crocs o-Dial(TM) mobile phone cases or designer pouches by Dooney & Bourke(R). The Crocs o-Dial cases come in bold, bright colors including pink, purple, red, turquoise and black. These fun cases also have an adjustable strap for additional security and a strong plastic clip so grads can easily attach it to a purse or backpack. The Dooney & Bourke pouches are available in patterns that include their signature white “it” fabric, pink crossword print, black and white anniversary print, and fun plaid.Device prices range from $99.99 to $349.99 after $50 mail-in rebate with a new two-year customer agreement. The enV(2) by LG is $99.99 after a $50 mail- in rebate and new two-year customer agreement until June 15. On some devices, an additional $100 credit is available for customers who sign up for qualifying voice and data plans at the time of purchase. Fashionable phone accessories including the Crocs o-Dial cases and the Dooney & Bourke pouches are available with prices ranging from $16.99 to $59.99, depending on style.For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or visit .About Verizon WirelessVerizon Wireless operates the nation’s most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at . Verizon Wireless

Calypso Wireless Appoints Cristian Turrini as Its Chief Executive Officer and Chairman of the Board

MIAMI, May 15 /PRNewswire-FirstCall/ — Calypso Wireless, Inc. announced today that Cristian Turrini has re-joined the company as its new Chief Executive Officer and Chairman of the Board.Cristian Turrini was President and CEO between March and December 2007. Under his leadership, Calypso Wireless established a landmark relationship and conducted a trial with one of the world’s largest networking and telecommunications companies. Turrini was also instrumental in raising much needed capital for the company.”Mr. Turrini has maintained his invaluable relationships with key decision-makers in the global telecommunications industry during the time he was not involved with Calypso Wireless,” says Richard S. Pattin, President of Calypso Wireless. “He is already working with some noteworthy networking and telecommunications companies to potentially generate significant revenues for the company.”"I am more excited about Calypso’s future potential than ever before. The new management team allows the company to focus exclusively on the execution of its business plan. In addition, two months ago Calypso’s largest shareholders agreed to sell or transfer their position in the company - representing a total of 75 million shares - to a group of investors. I believe we now have a shareholder base that recognizes the true value of our technology. I am looking forward to helping Calypso realize its full potential,” says Cristian Turrini.Calypso Wireless has dismissed the lawsuit against Mr. Turrini and other defendants, taking the position that all of the claims that the company’s prior Board of Directors made in the lawsuit were completely without merit.Previous to his employment with Calypso Wireless, Mr. Turrini worked for private companies and law firms as Director of Legal Affairs in the areas of corporate, international and entertainment law. In his capacity as Director of Legal Affairs, Mr. Turrini represented and assisted companies and individuals in numerous industries and areas, including general business, corporate, securities, telecommunications, entertainment, print and music publishing and distribution.Mr. Turrini graduated Magna Cum Laude with a Bachelor of Arts in Economics and International Relations from Brigham Young University in 1995 and also holds a Juris Doctorate degree from J. Reuben Clark Law School of Brigham Young University, which he received in 2002.About Calypso Wireless, Inc.Calypso Wireless is the company behind the ASNAP(TM) technology for which it was granted U.S. Patent #6,680,923 titled “Communication system and method” ( search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA, WCMDA etc.) and short- range Internet access points (such as Wi-Fi, Bluetooth, etc.).Calypso Wireless has recently acquired patented technologies which enable cellular phones and wireless PDA/Pocket PCs to convert any incoming text messages to voice messages and any incoming voice messages are converted into text messages. Calypso plans to license these four newly acquired patented technologies (US Patents No. 6,385,306, No. 6,765,996, No. 6,839,412 and No. 7,031,439) to mobile operators, Original Equipment Manufactures (cellular phones and wireless PDA/Pocket PC manufacturers) and Internet Service Providers.Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,”"expects,”"intends,”"plans,”"predicts,”"believes,”"seeks,”"estimates,”"may,”"will,”"should,”"would,”"could,”"potential,”"continue,”"ongoing,” similar expressions, and variations or negatives of these words.These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.This release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company’s business include but are not limited to (i) The ability to provide technology in the future, (ii) Unexpected changes in the technology market, (iii) The success of the Company’s expansion and sales and marketing strategies (iv) Competition within the Data Synchronization market (v) The ability of the Company to continue to finance its long-term strategy and expansion (vi) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs. Contact: Calypso Wireless Inc. Richard Pattin, 305-477-8722Calypso Wireless, Inc.

Wegener Corporation Reports Profit for Second Quarter of Fiscal 2008

DULUTH, Ga., April 10 /PRNewswire-FirstCall/ — Wegener Corporation , a leading provider of products for television, audio and data distribution networks worldwide, today announced financial results for the second quarter of fiscal 2008 ended February 29, 2008.In the second quarter, Wegener Corporation strengthened its financial position. Second quarter revenues for fiscal 2008 increased 40ACIORFIPROCENTE to $6.7 million from $4.8 million reported in the same period of fiscal 2007. Revenues for the first six months of fiscal 2008 increased 22ACIORFIPROCENTE to $11.7 million compared to $9.6 million for the same period in fiscal 2007. In addition to increased revenues, net earnings also showed positive growth. The Company reported net earnings of $336,000 or $0.03 per share for the second quarter of fiscal 2008. This compares to a net loss of ($183,000) or ($0.01) per share for the same period in 2007. Net earnings for the first six months of fiscal 2008 were $286,000 or $0.02 per share compared to a net loss of $(1,145,000) or $(0.09) per share during the same period in fiscal 2007.WEGENER’s eighteen-month backlog was $9.8 million at February 29, 2008, compared to $8.4 million at March 2, 2007. The total multi-year backlog at February 29, 2008 was approximately $15.7 million compared to $16.3 million at March 2, 2007. Bookings for the second quarter of fiscal 2008 were $5.8 million compared to $1.0 million for the same period in fiscal 2007.Robert Placek, Chairman and CEO of Wegener Corporation stated, “The second quarter was a strong quarter for us. The financial results were up in several key categories including revenues, net earnings and bookings. Close to 40ACIORFIPROCENTE of our revenues for the quarter came from new products released within the past year and a half, such as the Unity 552 media receiver for private networks and the SMD 515 decoder for IPTV.”WEGENER(R) recently announced orders of over $1.6 million from Conklin- Intracom for the SMD 515 IPTV set top box and Placek commented, “Conklin is a great partner for us in the IPTV space; their offering is well suited for second and third tier telcos. We look forward to continuing our partnership with Conklin in the coming years.”"We are proud to be recognized in the industry as a leader in file-based broadcasting; we have been fielding these solutions with our iPump(R) and Compel(R) MediaPlan(R) products for several years,” stated Ned L. Mountain, President and COO of WEGENER(R). “This year, during the National Association of Broadcasters tradeshow, we will be on several panels sharing our expertise regarding this important industry advancement. File-based broadcasting allows broadcasters to target programming and save valuable bandwidth. WEGENER’s iPump(R) and Compel MediaPlan(R) can preposition repetitive content as well as target content at affiliate locations throughout the network thus generating a unique broadcast at each individual site.”Mountain continued, “In continuing to support file-based broadcasting, we recently announced a new addition to our iPump media server product line, the iPump(R) 562. The iPump(R) 562 addresses the unique needs of digital signage applications and private network broadcasters and integrates seamlessly with existing WEGENER(R) Compel(R) controlled networks.”Wegener Corporation will host a conference call to discuss its financial results at 4:30 P.M. Eastern Daylight Time on April 10, 2008. To join the conference call, dial 1-866-383-8108 or 1-617-597-5343 and enter participant code 91925712. Wegener Corporation intends to discuss financial and other operational information on this conference call. This call is being webcast by Thomson/CCBN. It will be archived on WEGENER’s website at and the replay will be available within one hour after the conference call.ABOUT WEGENERWEGENER (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation , is an international provider of digital solutions for video, audio, and IP data networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music and financial information distribution. COMPEL(R), WEGENER’s patented network control system, provides networks with unparalleled ability to regionalize programming and commercials. COMPEL(R) network control capability is integrated into WEGENER digital satellite receivers. WEGENER can be reached at 1.770.814.4000 or on the World Wide Web at .WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE DELIVERY, PANDA, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER), the stylized C-design logo (for Compel) and the stylized PANDA design logo are all registered trademarks of WEGENER(R). All Rights Reserved.This news release may contain forward-looking statements within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward- looking statements are subject to the safe harbors created thereby. Forward- looking statements may be identified by words such as “believes,”"expects,”"projects,”"plans,”"anticipates,” and similar expressions, and include, for example, statements relating to expectations regarding future sales, income and cash flows. Forward-looking statements are based upon the Company’s current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced products, development of additional business for the Company’s digital video and audio transmission product lines, effectiveness of the sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to next generation digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, the Company’s liquidity position and capital resources, general market conditions which may not improve during fiscal year 2008 and beyond, and success of the Company’s research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company’s periodic filings with the SEC, including the Company’s most recent Annual Report on Form 10-K. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results could differ materially from expected results. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake any obligation to update any forward-looking statements. WEGENER CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in $000’s except share data) February 29, August 31, 2008 2007 (Unaudited) Assets Current assets Cash and cash equivalents $5 $7 Accounts receivable, net 4,202 5,172 Inventories, net 4,083 3,380 Other 234 195 Total current assets 8,524 8,754 Property and equipment, net 1,778 1,778 Capitalized software costs, net 1,166 1,242 Other assets 577 684 Land held for sale 354 354 Total assets $12,399 $12,812 Liabilities and Shareholders’ Equity Current liabilities Bank line of credit $1,728 $2,016 Accounts payable 1,837 1,145 Accrued expenses 2,331 2,609 Deferred revenue 699 774 Customer deposits 1,114 1,871 Total current liabilities 7,709 8,415 Commitments and contingencies Shareholders’ equity Common stock, $.01 par value; 20,000,000 shares authorized; 12,647,051 and 12,647,051 shares respectively, issued and outstanding 127 127 Additional paid-in capital 20,006 19,999 Deficit (15,443) (15,729) Total shareholders’ equity 4,690 4,397 Total liabilities and shareholders’ equity $12,399 $12,812 WEGENER CORPORATION AND SUBSIDIARIES Summarized Operations Data (in $000’s except per share amounts) (Unaudited) Three Months Ended Six Months Ended February 29, March 2, February 29, March 2, 2008 2007 2008 2007 Revenues, net $6,666 $4,771 $11,692 $9,554 Net earnings (loss) $336 $(183) $286 $(1,145) Net earnings (loss) per share Basic $0.03 $(0.01) $0.02 $(0.09) Diluted $0.03 $(0.01) $0.02 $(0.09) Shares used in per share calculation Basic 12,647 12,583 12,647 12,581 Diluted 12,652 12,583 12,658 12,581Wegener Corporation

Verizon Awards $1 Million to National Family Justice Center Alliance to Help Improve Services for Survivors of Domestic Violence

SAN DIEGO, April 4, 2008 /PRNewswire/ — Throughout the U.S., survivors of domestic violence and their children will receive new and more effective services — thanks to a $1 million grant from the Verizon Foundation to the National Family Justice Center Alliance.The grant, announced Friday (April 4), establishes the Family Justice Center Institute, a technology and training arm within the National Family Justice Center Alliance. The center will use technology and best practices to streamline service and provide training for employees and volunteers.”Through the Family Justice Center model, we bring together a host of services under one roof to make it easier for domestic violence survivors and their children to receive the assistance they need,” said Casey Gwinn, co-founder of the National Family Justice Center Alliance. “Our partnership with Verizon will allow us to develop a system to streamline our efforts and ensure that survivors at all Family Justice Center locations across America receive the help they need quickly.” The grant will be used to develop systems that: — Allow multiple agencies within a Family Justice Center to quickly and securely share information — so that victims will have to tell their story only once, rather than repeatedly conveying their traumatic experiences to various social, medical, legal and public safety professionals. — Create protocols for the development of electronic “safety deposit boxes” — helping domestic violence survivors to keep important documents secure. — Develop online training for Family Justice Center employees and volunteers nationwide — enabling them to share information, attend online courses and learn best practices. — Link the management systems of five pilot Family Justice Centers — creating consistency and information-sharing models among these centers, which will be selected during the grant period. — Assess technology needs — to evaluate practical uses of online client resources, text messaging and video messaging to support Family Justice Center employees and clients.Verizon has been a longtime supporter of Family Justice Centers across the country, beginning with a Verizon Wireless HopeLine(R) grant to the San Diego Family Justice Center in 2002.”Verizon Wireless was proud to be the first business to award a grant to develop the first Family Justice Center in the nation right here in San Diego,” said John Palmer, region president, Verizon Wireless. “Now that this city’s dream is a reality and has spread to more than two dozen other major cities, the service delivery challenges facing these centers are of a national dimension. Today’s grant is a critical first step toward meeting those challenges head-on and better serving victims of abuse everywhere through the use of technology and best practices.”State Sen. Christine Kehoe, D-San Diego, said the partnership between Verizon and the Family Justice Center Alliance is a stellar example of the great work that can be accomplished when the private sector collaborates with public agencies to address a social issue. Kehoe was one of the earliest supporters of the Family Justice Center vision during her tenure as a San Diego City Council member in the late 1990’s.”The San Diego Family Justice Center proved for its first five years of operation (2002-2007) what partnerships between the government, community agencies and the business community can do to save lives,” Kehoe said. “With Verizon’s support, the Family Justice Center Alliance now has the opportunity to use San Diego’s example and lessons learned here to help victims and their children across the country.”Raising awareness of domestic violence and aiding in its prevention is a key focus of the Verizon Foundation. In 2007, the foundation awarded more than $5.5 million in grants to aid in domestic violence prevention.”Through this grant, the National Family Justice Center Alliance will be able to make better use of technology to continue to provide quick and needed service to victims of domestic violence,” said Tim McCallion, West region president, Verizon. “We are proud to partner with the Family Justice Center Alliance on such a worthy project.”Verizon Foundation President Patrick Gaston added: “Domestic violence is an issue that touches us all. Statistics show that one in four women will experience domestic violence in her lifetime.”The creation of the Family Justice Center Institute can be part of the solution, enabling survivors to quickly and compassionately receive the assistance they need to help create a better tomorrow for them and their children.”About the National Family Justice Center AllianceThe National Family Justice Center Alliance provides training and technical assistance to existing and developing Family Justice Centers in the United States and around the world. The Alliance serves as the official technical assistance provider to the United States Department of Justice to provide support to all federally funded Family Justice Centers. It also hosts an annual International Family Justice Center Conference each year with attendees from across the globe. The Alliance focuses on developing and profiling best practices for co-located service facilities known as Family Justice Centers where victims of domestic violence, child abuse, elder abuse, and sexual assault can come to one location to receive all necessary services. The Family Justice Center model was first developed in San Diego, California, but has now been replicated in rural, suburban, and urban communities around the United States and in Canada, Mexico, Australia, New Zealand, England and Jordan. The model has been hailed as a best practice by the United States Department of Justice and has been widely credited with playing a major role in the 90ACIORFIPROCENTE drop in domestic violence homicides in the City of San Diego since 1985. For more information, visit .About the Verizon FoundationThe Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation’s largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon’s inception in 2000. For more information on the foundation, visit . About Verizon CommunicationsVerizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, serving nearly 66 million customers nationwide. Verizon’s Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation’s most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of nearly 235,000 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit .VERIZON’S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon’s News Center on the World Wide Web at . To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases. Verizon

PECO II to Remain Listed on NASDAQ, Subject to Conditions

GALION, Ohio, April 4, 2008 /PRNewswire-FirstCall/ — PECO II, Inc. , a full-service provider of engineering and installation on- site services and a manufacturer of communications power systems and equipment for the communications industry, today announced that it has received a decision from The NASDAQ Listing Qualifications Panel that the Company has been granted its request to remain listed on the NASDAQ Capital Market, subject to the following conditions: (i) On or before May 7, 2008 the Company shall inform the Panel that it has obtained shareholder approval for and implemented a reverse stock split; and (ii) by May 22, 2008, the Company must have evidenced a closing bid price of $1.00 or more for a minimum of 10 prior consecutive trading days.PECO II expects that the reverse stock split will allow the Company to regain compliance with the $1.00 per share minimum closing bid price requirement. The Company is seeking shareholder approval of the reverse stock split at its 2008 Annual Meeting to be held on May 6, 2008. Additional information about the reverse stock split is available in the Company’s definitive proxy materials, which have been filed with the Securities and Exchange Commission.About PECO II, Inc.PECO II, headquartered in Galion, Ohio, provides engineering and on-site installation services and designs, manufactures, and markets communications power systems and power distribution equipment. As the largest independent full-service provider of telecommunications power systems, the Company provides total power quality and reliability solutions, and supports the power infrastructure needs of communications service providers in the local exchange, long-distance, wireless, broadband and Internet markets. Additional information about PECO II can be found at .Forward-Looking StatementsStatements in this release that are not historical fact are forward- looking statements, which involve risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a failure to obtain shareholder approval for the proposed reverse stock split; and our ability to satisfy all continued listing requirements of The NASDAQ Capital Market. In addition, this release contains time-sensitive information that reflects management’s best analysis only as of the date of this release. PECO II does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in PECO II’s periodic filings with the Securities and Exchange Commission. PECO II, Inc.

Professional Bull Riders, Inc. Chooses iLoop Mobile to Reach Their Mobile Audience

SAN JOSE, Calif., April 1, 2008 /PRNewswire/ — iLoop Mobile, the leading technology and services company for mobile marketing, mobile advertising, and mobile content distribution, today announced that it has been chosen by Professional Bull Riders, Inc. (PBR), the world’s preeminent professional bull riding organization, to help PBR leverage the mobile channel by bringing compelling interactivity and content to their substantial and fast expanding fan base. Now all of the excitement of the “toughest sport on dirt” will be available at their fans’ fingertips.PBR has over 300 sanctioned competitions in 5 countries internationally, and currently operates 4 domestic tours, with a rapidly growing presence in international markets in Australia, Brazil, Canada and Mexico. PBR competitions are broadcast by its cable partner VERSUS every Saturday and Sunday at 8:00 PM EST, with additional events broadcast on FOX and NBC networks, as well as in 85 territories worldwide. As an addition to traditional media, by activating a mobile program dedicated to the PBR, event results, statistics, video, biographies, even PBR games will be available instantly via mobile phones.The first mobile initiative launched by PBR using iLoop Mobile’s mFinity(TM) mobile software platform is the PBR mobile Internet site, to be launched at the CTIA Wireless 2008 trade show in Las Vegas April 1-3, where PBR will be exhibiting with iLoop Mobile. The mobile site will feature: — Mobile content such as images, music, video, games and more — News, feature articles, and information — PBR standings and schedules — PBR superstar bull rider profiles — PBR merchandise — Photo and video gallery — Mobile blog — “Bull or No Bull” interactive quiz — Viral marketing components — RSS dynamic content — Consumer profile collection and moreAlong with its mobile technology platform, iLoop Mobile is assisting PBR in exploring and developing ways to make PBR live events even more interactive for the attendees as well as the home-viewers. Real-time viewer “text to screen” promotions during TV broadcasts and text message subscription and voting campaigns in-arena and at home are just a few of the many mobile marketing and content distribution options now available.”iLoop Mobile is very excited to be starting a long term relationship with the fastest growing spectator sport in America,” said Matt Harris, CEO of iLoop Mobile. “Much like the model pioneered by NASCAR, PBR’s growth is due to savvy marketing and exciting presentation that fits well with all the opportunities presented by mobile marketing.”Enhancing the PBR experience and delivering its excitement on demand is foremost in PBR’s objectives as evidenced by Chief Marketing Officer Sean Gleason’s comments. “PBR MoBull is an exciting project that will offer PBR fans information, content and services while on the go. Mobile devices have become a primary source of information and entertainment for most Americans. The vast majority of PBR fans is connected and deserves PBR information and content when and where they want it.”"After a lengthy search for the right partner to develop and execute our mobile vision, we selected iLoop Mobile for not only their industry leading technology, but also for the passion they have developed for the PBR brand,” Gleason continued. “They care as much about providing the right information, services and content to our fans as we do and they have the tools to deliver.”With a strong history of innovation, PBR sees mobile as a way to reach avid fans and amplify their television broadcast distribution, print and broadband presence. Mobile will also provide PBR with a promotional channel for its corporate and brand tour sponsors such as Ford, Wrangler, Copenhagen, and Enterprise Rent-A-Car who seek to reach this receptive new professional sports consumer base.About iLoop Mobile and the mFinity(TM) PlatformiLoop Mobile’s award-winning mFinity(TM) technology platform uniquely allows companies to independently create and manage mobile campaigns worldwide through self-service Web-based software that makes launching mobile initiatives fast and easy. iLoop Mobile also offers managed services for brands, marketing agencies, content owners and other companies who prefer to leverage iLoop Mobile’s expertise in launching and managing mobile initiatives.For SMS based services, iLoop Mobile provides quick solutions for SMS mobile marketing, subscriptions, content delivery and enterprise programs that are integrated with a carrier-grade messaging gateway. For mobile content distribution, iLoop Mobile offers software applications for creating mobile enabled Web sites and mobile Internet (WAP) sites featuring automated mobile ad serving. The Web site builder offers efficient macros making it easy to create Web pages enabled for mobile content delivery. The WAP site creator features a user friendly drag and drop “widget” interface that anyone can use, as well as advanced XHTML editing for custom site design. All mFinity applications are integrated with an enterprise grade content management system for total control of mobile content inventories.About Professional Bull Riders, Inc.More than 100 million viewers tune in each year to the PBR on FOX, NBC, VERSUS and on a host of foreign networks across the globe. With approximately 400 hours of prime time programming annually PBR ranks among the most prolific sports on air, in addition to attracting over 1.5 million live event attendees each year with its multi-tiered event structure which includes the marquee Built Ford Tough Series presented by Wrangler, the Copenhagen Bull Riding Challenger Tour, the Enterprise Rent-A-Car Tour, and the Discovery Tour, designed specifically for entry level contestants. The PBR is headquartered in Pueblo, CO, and has over 1,200 PBR bull riders who compete in more than 300 PBR sanctioned competitions in the United States, Australia, Brazil, Canada, and Mexico. iLoop Mobile Contact: Michael Ahearn iLoop Mobile, Inc. (408) 907-3367 Professional Bull Riders, Inc. Contact: Denise M. Abbott (719) 242-2800iLoop Mobile

CondeNet Sites’ Award-Winning Videos Now Available on V CAST Video From Verizon Wireless

LAS VEGAS, BASKING RIDGE, N.J., and NEW YORK, April 1, 2008 /PRNewswire/ — - From CTIA WIRELESS 2008, Verizon Wireless, the nation’s leading wireless service provider, and CondeNet, the leading developer of upscale lifestyle brands online, announced today the CondeNet channel on V CAST Video from Verizon Wireless. Making its debut in the Lifestyle category on V CAST- enabled phones, the channel features CondeNet’s award-winning videos, including the latest from Style.com, Epicurious.com, Men.Style.com, Concierge.com, and Wired.com.With CondeNet on V CAST Video, Verizon Wireless customers can initially select from 40 CondeNet videos, including: — Style.com’s “Designer Profiles” videos of Chloe Sevigny and Vera Wang — Men.Style.com’s “Obsessives” featuring designers like Paul Smith and Philip Crangi and their favorite things — Epicurious.com’s “Kitchen Tour” videos showing food-loving celebrities in their own kitchens, including designer Isaac Mizrahi and Chef Charlie Palmer — Concierge.com’s “24-Hours In…” series with top restaurant, nightlife, shopping, and attraction picks in destinations like New York City and London — Wired.com’s ride in the self-driving robot car, Boss, winner of the 2007 Darpa Urban ChallengeJennifer Byrne, director of V CAST Video and social media for Verizon, said, “The CondeNet channel on V CAST Video delivers video focused on style and sophistication to our customers and serves as another example of our commitment to putting relevant services in our customers’ hands.”"We are excited to reach new and existing customers of our iconic online brands as the mobile video space continues to grow and further extend our multi-platform distribution of our digital videos,” said Richard Glosser, CondeNet’s executive director of emerging media and partner integration. “Whether taking a virtual tour of the famous Rue Moffetard Market with Concierge.com or discovering the fashion-frenzied intersection of New York’s Prince and Mercer Streets with Style.com, Verizon Wireless customers can indulge their passions for food, travel and fashion while on-the-go with CondeNet’s videos on V CAST Video.”Customers with select V CAST-enabled phones can check out V CAST whenever they want for just $3.00 for 24-hour use or by signing up for the $15.00 V CAST VPak monthly subscription, which also includes access to Verizon Wireless’ ESPN MVP, Get It Now(R) and Mobile Web 2.0(SM) services. Customers get unlimited basic video — including CondeNet videos — but application download fees apply for 3D games and premium video. There are no airtime or megabyte charges to download, stream or watch V CAST content with any V CAST subscription.For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to .About Verizon WirelessVerizon Wireless operates the nation’s most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: . To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at .About CondeNetCondeNet is the leading creator and developer of upscale lifestyle brands online, providing enjoyable, useful services that build upon the heritage of the world’s most prestigious magazines. The company publishes online properties in the categories of fashion (Style.com), men’s lifestyle (Men.Style.com), food (Epicurious.com), travel (Concierge.com), and teen (Flip.com). CondeNet is an Internet unit of Conde Nast Publications. Verizon Wireless

Suburban Chicago Woman Indicted For Allegedly Stealing Employer’s Trade Secrets Bound for China

CHICAGO, April 2, 2008 /PRNewswire-USNewswire/ — A former software engineer for a telecommunications company based in suburban Chicago was indicted for allegedly stealing business trade secrets and attempting to take the documents with her to China, federal law enforcement officials announced today. The defendant, Hanjuan Jin, a naturalized U.S. citizen born in China, allegedly possessed more than 1,000 electronic and paper proprietary documents when she attempted to travel one-way to China in February 2007. The documents were seized by U.S. customs officials at O’Hare International Airport.Jin, 37, of Schaumburg, was charged with three counts of theft of trade secrets in an indictment returned yesterday by a federal grand jury in Chicago. The indictment also seeks forfeiture of assorted computer hardware and equipment. The charges were announced today by Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois, and Robert D. Grant, Special Agent-in-Charge of the Chicago Office of the Federal Bureau of Investigation.”We have to be vigilant in preserving the integrity of trade secrets to provide an honest playing field among business competitors, whether foreign or domestic. Trade secrets often are a business’s most valuable assets, and protecting them from theft and betrayal is a high priority for law enforcement,” Mr. Fitzgerald said.Jin was released on a $50,000 secured bond after she was arrested on March 7 based on a criminal complaint. She will be arraigned at a later date in U.S. District Court in Chicago.According to the indictment, Jin began working for the suburban Chicago company, identified only as “Company A,” in 1998, and she took a medical leave of absence in February 2006. Between June and November 2006, Jin discussed, negotiated and ultimately accepted employment in China with “Company B,” where she was to work on developing communications software. After accepting the job in China, Jin advised Company A on Feb. 23, 2007, that she was ready to end her medical leave and return to work with Company A, without advising that she had accepted employment with Company B.On Feb. 24, 2007, Jin purchased a one-way ticket to China for a flight scheduled to depart on Feb. 28, 2007. Jin returned to Company A on Feb. 26, 2007, purportedly to resume full-time work, and was given no assignments on that day. Between 9 a.m. and 2 p.m., she allegedly downloaded more than 200 technical documents belonging to Company A on its secure internal computer network. About 9 p.m. that night, she allegedly returned to Company A and downloaded additional documents, as well as removed documents and other materials from the company’s offices.Jin sent her resignation by email to her manager at Company A at approximately 12:15 p.m. on Feb. 27, 2007. About 10 p.m. that night, she allegedly returned to Company A’s offices and downloaded numerous additional technical documents.As she attempted to depart the next day at O’Hare bound for China, authorities seized numerous materials, some of which were marked confidential and proprietary belonging to Company A. Some of the documents provided a detailed description on how Company A provides a specific interstate communication feature that Company A incorporates into its telecommunications products, including the necessary architecture for the feature, and explain how to expand the network for the feature. The complaint affidavit states that Company A had spent hundreds of millions of dollars on research and development for the proprietary information that Jin allegedly possessed without authorization.The Government is being represented in court by Assistant U.S. Attorney Steven Dollear.If convicted, each count carries a maximum penalty of 10 years in prison and a $250,000 fine. The Court, however, would determine the appropriate sentence to be imposed under the advisory United States Sentencing Guidelines.The public is reminded that an indictment contains only charges and is not evidence of guilt. The defendant is presumed innocent and is entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt. U.S. Department of Justice