Press Releases

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/20cd63/iron_iii_phospha) has announced the addition of the "Iron (III) Phosphate Dihydrate (CAS 13463-10-0) Market Research Report 2009" report to their offering.

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    Source: Research and Markets Ltd.

THOMASVILLE, Ga., Nov. 11 /PRNewswire-FirstCall/ -- Flowers Foods (NYSE: FLO) today reported results for the 12 and 40 weeks ended October 10, 2009. The company also updated its guidance for 2009 and provided preliminary guidance for 2010.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080530/CLF007LOGO )

Highlights:

    --  Increased third quarter sales 4.6% year-over-year
    --  Improved operating margin to 8.5% of sales, a 20.5% year-over-year
        increase
    --  Delivered diluted earnings per share of $.34 for the quarter, a 17.2%
        increase year-over-year
    --  Generated net cash from operating activities of $49.9 million
    --  Increased year-over-year branded retail sales by 3.9%
    --  Anticipates sales growth of 7.5% to 8.0% and an increase of 7.0% to 9.4%
        in diluted earnings per share for the 52-week fiscal 2009 (excluding the
        gain on acquisition)

    --  Provided preliminary 2010 guidance for 2.5% to 4.5% sales growth and
        diluted earnings per share growth of 10% to 15%

George E. Deese, Flowers Foods' Chairman, CEO, and President said, "I am pleased with the sales, operating margins, and earnings results we delivered in the face of continued pressures from the overall economy, the competitive landscape, and higher promotional activity in the bakery category. Our sales results were mixed as our direct-store-delivery (DSD) business took action to protect our market share through promotions while our warehouse business achieved higher snack cake sales, improved pricing/mix, and benefited from acquisitions.

"Going forward, our team remains focused on managing and investing in our businesses to ensure our ability to deliver strong results over the long term while taking the necessary actions to maintain our competitive market position in the near term," Deese said.

Third Quarter Results

For the third quarter, sales increased 4.6% to $602.6 million over the $575.9 million reported for last year's third quarter. Net income attributable to Flowers Foods was $31.9 million, or $.34 per diluted share, an increase of 16.5% over the $27.4 million, or $.29 per diluted share, reported for the 2008 third quarter. The quarter's sales increase of 4.6% was achieved through a favorable pricing/mix of 1.4% and contributions from acquisitions of 4.2%, partially offset by 1.0% volume declines. Overall, the volume declines occurred primarily in the non-retail channel, specifically in the foodservice, vending, and institutional categories. In addition, heavy promotional activity within the retail channel negatively affected volumes in the branded white bread category. Partially offsetting these declines were increases in the branded breakfast bread, the branded multi-pack cake, and the branded soft variety bread categories. During the quarter, the company's DSD sales grew at 1.6% due to a favorable pricing/mix of 1.8%, contribution from acquisitions of 3.5%, and a volume decline of 3.7%. Sales through warehouse delivery increased 20.0% reflecting positive pricing/mix of 5.6%, volume increases of 6.5%, and a contribution of 7.9% from the acquisition of a bakery mix plant during the second quarter of this year.

For the quarter, gross margin as a percent of sales was 46.5% compared to 48.1% in the third quarter of 2008. This decrease was due to increased ingredient costs as a percent of sales, partially offset by decreases in packaging and utility costs as a percent of sales, and improved manufacturing efficiencies.

Selling, marketing, and administrative costs as a percent of sales for the quarter were 34.9% compared to 37.7% in the prior year. This improvement as a percent of sales was due primarily to lower employee-related costs as a percent of sales and continuing efforts to reduce costs company-wide.

Depreciation and amortization expenses for the third quarter remained relatively stable as a percent of sales compared to the prior year despite increases in both depreciation and amortization resulting from acquisitions. Net interest income for the quarter decreased as a result of increased interest expense due to acquisition-related debt incurred in connection with acquisitions made in the second half of last year. The effective tax rate for the quarter was 35.5% as compared to 35.8% last year.

Operating margin for the third quarter was $51.1 million, or 8.5% of sales, an increase of 20.5% over the operating margin for the third quarter of 2008. EBITDA for the quarter was $70.1 million, or 11.6% of sales, an increase of 17.4% over last year's third quarter.

During the third quarter, the company invested $19.1 million in capital improvements and paid dividends of $16.1 million to shareholders. This was the 28(th) consecutive quarterly dividend paid by Flowers Foods. During the third quarter, no shares were purchased under the share repurchase plan. During the first two quarters of 2009, the company repurchased a total of 1,230,391 shares at a cost of $27.6 million, an average of $22.45 per share. Since the inception of the share repurchase plan in 2002, the company has acquired 22.1 million shares of its common stock for $352.1 million, an average of $15.94 per share. The plan authorizes the company to repurchase up to 30.0 million shares of common stock.

Year-to-Date Results

Sales for the 40 weeks of 2009 increased 12.9% to $2.02 billion over the $1.79 billion reported for the 40 weeks of 2008. Net income attributable to Flowers Foods was $99.6 million, or $1.07 per diluted share, an increase of 14.3% over the $87.1 million, or $.94 per diluted share, reported for the 2008 40-week period. The sales increase of 12.9% was achieved through a favorable pricing/mix of 4.3% and a contribution of 9.1% from acquisitions, which were partially offset by a volume decrease of .5%. Overall, the volume declines occurred primarily in the non-retail channel, specifically in the foodservice, vending, institutional, and contract manufacturing categories. In the retail channel, the branded white bread category also experienced volume declines. Partially offsetting these declines were increases in the branded breakfast bread, the branded multi-pack cake, and the branded soft variety bread categories. Year-to-date, the company's DSD sales grew at 12.8% due to a favorable pricing/mix of 3.3%, a contribution from acquisitions of 10.2%, and a volume decline of .7%. Sales through warehouse delivery increased 13.2%, reflecting positive pricing/mix of 9.9%, volume declines of .3%, and a 3.6% contribution from the bakery mix business acquired in the second quarter.

Gross margin for the 40-week period was 46.4% of sales compared to 47.5% for the 40-week period of 2008. This decrease was the result of higher ingredient costs as a percent of sales, partially offset by lower labor and packaging costs as a percent of sales and improved manufacturing efficiencies.

For the 40 weeks, selling, marketing, and administrative costs as a percent of sales were 35.6% compared to 37.2% last year. This improvement was due primarily to lower employee-related costs as a percent of sales and the continuing effort to reduce costs throughout the company. This decrease was achieved despite a significant increase in pension expense this year as compared to last year.

Depreciation and amortization expenses for the 40 weeks remained relatively stable as a percent of sales compared to the prior year despite increases in both depreciation and amortization resulting from acquisitions. Net interest income year-to-date decreased as a result of increased interest expense due to debt incurred in connection with the acquisitions made in the second half of last year. The effective tax rate for the year-to-date was 36.2% compared to 35.7% last year. This increase was the result of higher state tax benefits recorded last year and lower earnings of the company's variable interest entity this year as compared to last year. The full-year tax rate is expected to be approximately 36.5%.

Year to date, operating margin was $159.2 million, or 7.9% of sales, an increase of 19.8% compared to last year's 40-week period. EBITDA for the 40 weeks was $221.2 million, or 10.9% of sales, an increase of 18.1% over EBITDA for the 40-week period of 2008.

Guidance for Fiscal 2009 and Preliminary Guidance for Fiscal 2010

The company's fiscal 2009 will be a 52-week year compared to 53 weeks in fiscal 2008. Deese said the company now expects sales growth of 7.5% to 8.0%, with acquisitions accounting for 6.8% to 7.2% of the increase. (The 53(rd) week of fiscal 2008 accounted for approximately 2.0% of sales for fiscal 2008, therefore, on a 52-week to 52-week comparison the 2009 sales growth would be 9.5% to 10.0%.) Sales for fiscal 2009 are expected to be $2.595 billion to $2.607 billion. For 2009, excluding the gain on acquisition recorded in the second quarter, net income is expected to be 4.9% to 5.0% of sales, or $127.1 million to $129.9 million. With approximately 92.8 million average shares outstanding, earnings per diluted share excluding the gain on acquisition of $.02 are expected to be $1.37 to $1.40, an increase of 7.0% to 9.4% over fiscal 2008. (The 53(rd) week of fiscal 2008 accounted for $.02 of diluted earnings per share, therefore, on a 52-week to 52-week comparison the 2009 earnings per share growth would be 8.7% to 11.1%.)

Capital spending in fiscal 2009 is expected to be approximately $70.0 million, including the company's new bakery in Kentucky as well as costs for capital maintenance and efficiency improvements in the company's other bakeries.

For fiscal 2010, the company preliminarily expects sales growth of 2.5% to 4.5%, excluding future acquisitions, and diluted earnings per share growth of 10% to 15%. Capital expenditures for fiscal 2010 are expected to be $85 million to $95 million.

The board of directors will consider the dividend at its regularly scheduled meeting. Any action taken will be announced following that meeting.

Conference Call

Flowers Foods will broadcast its third quarter conference call over the Internet at 8:30 a.m. (Eastern) November 11, 2009. The call will be broadcast live on Flowers' Web site, www.flowersfoods.com, and can be accessed by clicking on the web cast link on the home page. The call also will be archived on the company's Web site.

Company Information

Headquartered in Thomasville, Ga., Flowers Foods is one of the nation's leading producers and marketers of packaged bakery foods for retail and foodservice customers. Among the company's top brands are Nature's Own, Whitewheat, Cobblestone Mill, Blue Bird, and Mrs. Freshley's. Flowers operates 40 bakeries that are among the most efficient in the baking industry. Flowers Foods produces, markets, and distributes fresh bakery products that are delivered to customers daily through a direct-store-delivery system serving the Southeast, Mid-Atlantic, and Southwest as well as select markets in California and Nevada. The company also produces and distributes fresh snack cakes and frozen breads and rolls nationally through warehouse distribution. For more information, visit www.flowersfoods.com

Statements contained in this press release that are not historical facts are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Other factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company's prospects in general include, but are not limited to, (a) competitive conditions in the baked foods industry, including promotional and price competition, (b) changes in consumer demand for our products, (c) the success of productivity improvements and new product introductions, (d) a significant reduction in business with any of our major customers including a reduction from adverse developments in any of our customer's business, (e) fluctuations in commodity pricing, (f) our ability to fully integrate recent acquisitions into our business, and (g) our ability to achieve cash flow from capital expenditures and acquisitions and the availability of new acquisitions that build shareholder value. In addition, our results may also be affected by general factors such as economic and business conditions (including the baked foods markets), interest and inflation rates and such other factors as are described in the company's filings with the Securities and Exchange Commission.

                                Flowers Foods
                       Consolidated Statement of Income
    --------------------------------------------------------------------------
                    (000's omitted, except per share data)


                               For the   For the     For the     For the
                               12 Week   12 Week     40 Week     40 Week
                               Period    Period      Period      Period
                               Ended     Ended       Ended       Ended
                              --------  --------    --------    --------
                              10/10/09  10/04/08    10/10/09    10/04/08
                              --------  --------    --------    --------
    Sales                     $602,570  $575,937  $2,024,025  $1,793,300
    Materials, supplies,
     labor and other
     production costs          322,245   298,792   1,085,046     942,356
    Selling, marketing and
     administrative expenses   210,185   217,382     720,809     666,719
    Depreciation and
     amortization               19,064    17,373      61,997      54,318
    Gain on acquisition              0         0       3,013           0
    Gain on sale                     0         0           0       2,306
    Gain on insurance
     recovery                        0         0           0         686
                              --------  --------    --------    --------
    Income before interest
     and income taxes (EBIT)    51,076    42,390     159,186     132,899
    Interest income, net            98     1,011         737       7,165
                              --------  --------    --------    --------
    Income before income
     taxes (EBT)                51,174    43,401     159,923     140,064
    Income tax expense          18,150    15,519      57,969      50,012
                              --------  --------    --------    --------
    Net income                  33,024    27,882     101,954      90,052
    Less: Net income
           attributable to
           noncontrolling
           interest             (1,098)     (467)     (2,306)     (2,905)
                              --------  --------    --------    --------
    Net income attributable
     to Flowers Foods, Inc.    $31,926   $27,415     $99,648     $87,147
                              ========  ========    ========    ========

    Per share amounts:
      Net income attributable
       to Flowers Foods, Inc.    $0.34     $0.29       $1.07       $0.94
                              ========  ========    ========    ========

      Diluted weighted
       average shares
       outstanding              92,597    93,498      92,827      92,850
                              ========  ========    ========    ========



                                   Flowers Foods
                                 Segment Reporting
    --------------------------------------------------------------------------
                                  (000's omitted)


                                    For the   For the     For the     For the
                                    12 Week   12 Week     40 Week     40 Week
                                    Period    Period      Period      Period
                                    Ended     Ended       Ended       Ended
                                   --------  --------    --------    --------
                                   10/10/09  10/04/08    10/10/09    10/04/08
                                   --------  --------    --------    --------
    Sales:
       Direct-Store-Delivery       $488,344  $480,783  $1,664,094  $1,475,466
       Warehouse Delivery           114,226    95,154     359,931     317,834
                                   --------  --------    --------    --------
                                   $602,570  $575,937  $2,024,025  $1,793,300
                                   ========  ========  ==========  ==========


    EBITDA:
       Direct-Store-Delivery        $61,978   $59,678    $199,090    $177,568
       Warehouse Delivery            16,596     8,168      51,235      31,266
       Flowers Foods                 (8,434)   (8,083)    (29,142)    (21,617)
                                   --------  --------    --------    --------
                                    $70,140   $59,763    $221,183    $187,217
                                   ========  ========    ========    ========

    Depreciation and Amortization:
       Direct-Store-Delivery        $15,189   $13,851     $49,678     $41,962
       Warehouse Delivery             3,738     3,622      12,045      12,000
       Flowers Foods                    137      (100)        274         356
                                   --------  --------    --------    --------
                                    $19,064   $17,373     $61,997     $54,318
                                   ========  ========    ========    ========


    EBIT:
       Direct-Store-Delivery        $46,789   $45,827    $149,412    $135,606
       Warehouse Delivery            12,858     4,546      39,190      19,266
       Flowers Foods                 (8,571)   (7,983)    (29,416)    (21,973)
                                   --------  --------    --------    --------
                                    $51,076   $42,390    $159,186    $132,899
                                   ========  ========    ========    ========



                                 Flowers Foods
                     Condensed Consolidated Balance Sheet
    --------------------------------------------------------------------------
                                (000's omitted)


                                                                  10/10/09
                                                                  --------
    Assets
    -----------------------------------------------------------
         Cash and Cash Equivalents                                 $16,094

         Other Current Assets                                      337,239

         Property, Plant & Equipment, net                          580,294

         Distributor Notes Receivable (includes $12,480 current
          portion)                                                 105,825

         Other Assets                                               11,649

         Cost in Excess of Net Tangible Assets, net                303,552
                                                                ----------

         Total Assets                                           $1,354,653
                                                                ==========

    Liabilities and Stockholders' Equity
    -----------------------------------------------------------
         Current Liabilities                                      $234,727

         Bank Debt (includes $15,000 current portion)              219,600

         Other Debt and Capital Leases (includes $3,506 current
          portion)                                                  27,338

         Other Liabilities                                         176,098

         Stockholders' Equity                                      696,890
                                                                ----------

         Total Liabilities and Stockholders' Equity             $1,354,653
                                                                ==========



                                  Flowers Foods
                  Condensed Consolidated Statement of Cash Flows
    --------------------------------------------------------------------------
                                 (000's omitted)


                                                      For the       For the
                                                      12 Week       40 Week
                                                    Period Ended  Period Ended
                                                    ------------  ------------
                                                      10/10/09      10/10/09
                                                      --------      --------
    Cash flows from operating activities:
    Net income                                         $33,024      $101,954
    Adjustments to reconcile net income to net cash
      from operating activities:
      Total non-cash adjustments                        34,821       116,645
      Changes in assets and liabilities                (17,973)      (52,368)
                                                      --------      --------
    Net cash provided by operating activities           49,872       166,231
                                                      --------      --------
    Cash flows from investing activities:
      Purchase of property, plant and equipment        (19,093)      (47,276)
      Acquisitions, net of cash acquired                     0        (8,842)
      Other                                              4,285         3,764
                                                      --------      --------
    Net cash disbursed for investing activities        (14,808)      (52,354)
                                                      --------      --------
    Cash flows from financing activities:
      Dividends paid                                   (16,101)      (46,157)
      Stock options exercised                              736         2,560
      Income tax benefit related to stock awards             0         1,386
      Stock repurchases                                      0       (27,625)
      Decrease in book overdraft                        (4,196)       (7,904)
      Proceeds from debt borrowings                    194,600       650,600
      Debt and capital lease obligation payments      (213,875)     (689,937)
      Other                                               (234)         (670)
                                                      --------      --------
    Net cash disbursed for financing activities        (39,070)     (117,747)
                                                      --------      --------
    Net decrease in cash and cash equivalents           (4,006)       (3,870)
    Cash and cash equivalents at beginning of
     period                                             20,100        19,964
                                                      --------      --------
    Cash and cash equivalents at end of period         $16,094       $16,094
                                                      ========      ========



                                   Flowers Foods
                      Reconciliation of Net Income to EBITDA
    --------------------------------------------------------------------------
                                  (000's omitted)

                                                     For the       For the
                                                     12 Week       40 Week
                                                   Period Ended  Period Ended
                                                   ------------  ------------
                                                    October 10,   October 10,
                                                       2009          2009
                                                   ------------  ------------

    Net income attributable to Flowers Foods, Inc.      $31,926       $99,648
      Net income attributable to
       noncontrolling interest                            1,098         2,306
      Income tax expense                                 18,150        57,969
      Interest income, net                                  (98)         (737)
      Depreciation and amortization                      19,064        61,997
                                                   ------------  ------------
    EBITDA                                              $70,140      $221,183
                                                   ============  ============

SOURCE Flowers Foods

Combined Business to Create Next-Generation Revenue Cycle Solutions, Improving Administration and Cash Flows for Hospitals and Health Systems

MINNEAPOLIS--(BUSINESS WIRE)-- TripleTree is pleased to announce that its client, CareMedic, an industry leader in revenue cycle management (RCM) solutions, will be acquired by Ingenix, a leading health information, technology and consulting company, in a cash transaction.

TripleTree acted as the exclusive financial advisor to CareMedic.

With the acquisition of CareMedic, Ingenix will offer solutions that address each major component of the hospital revenue cycle: patient registration, eligibility verification, financial clearance, coding and compliance, bill submission, denials management, and remittance processing. Ingenix and CareMedic's combined products and services will create a comprehensive suite of solutions for hospitals to manage the revenue cycle and improve financial performance - from the time a patient begins the registration process with a health care provider to the time payment for that care is received. This will be the industry's only enterprise-wide solution that identifies inefficiencies as they occur, so clients can take practical actions to receive appropriate reimbursements and reduce costs throughout the process.

CareMedic provides hospitals with an enterprise platform of enabling technologies and services that optimize revenue cycle efficiency and improve cash flow, margins and productivity. The Company's products and services include the Electronic Financial Record (eFR(R)) platform, which makes nearly real-time patient financial information accessible across departments within a hospital, helping clients take the right actions at every step of the revenue cycle to receive payments faster and more efficiently. With the eFR platform, CareMedic provides the industry's most complete, historical view of a patient's consolidated financial record with a provider organization. CareMedic's capabilities will complement Ingenix's coding and compliance expertise and automated credit balance resolution provided by its INTELLIJET(R) platform.

Sheila Schweitzer, CEO of CareMedic, said, "With Ingenix's expertise in reimbursement, health information management and consulting, and our expertise in enterprise-wide RCM, we will create a unified solution that makes hospitals more efficient at managing cash flow and enhances our commitment to helping clients get paid. As part of Ingenix, we will be able to provide clients with additional services and continued innovations that help them use capital more effectively and improve operational efficiency."

Andy Slavitt, CEO of Ingenix, said, "Innovation and talent are key to solving health care's biggest challenges. We're combining the great teams at CareMedic and Ingenix to deliver innovation with the common vision of simplifying the system, reducing waste and centering health care around the patient."

"Caremedic is the only company in the industry with a true-end-to-end RCM data and process integration capability that leverages a patient-centric data model. In combination with the coding, content, and transformational services of Ingenix, the combined company will be a significant competitor in the provider RCM sector," said Scott Tudor, TripleTree Managing Partner.

The CareMedic transaction has been announced on the heels of TripleTree's representation of Anodyne Health Partners in its sale to athenahealth. TripleTree has now closed over $1.5 billion in RCM, HIT, and HC BPO transactions over the last four years.

About TripleTree, LLC

TripleTree, LLC is an independent investment banking firm focused on mergers and acquisitions, financial restructuring, principal investing, and strategic advisory services for healthcare and technology companies. The firm specializes in growth businesses, vertical industry specialization, and disruptive technology delivery models. For more information, go to www.triple-tree.com

    Source: TripleTree

TUCSON, AZ -- (MARKET WIRE) -- 11/11/09 -- Anything Brands Online, Inc. (PINKSHEETS: ANYT) announced today that its Board of Directors has authorized a plan to spin-off its Anything Green business from Anything Brands Online, Inc. in a transaction that will result in two independent and highly focused public companies.

The separation will enable the company to improve its business focus and competitive edge in their respective business segments. Anything Green Online has developed at a rapid pace and the move will provide the organizational structure designed to achieve the marketing objectives as clearly defined by recent public announcements, stated, Tim Norton Executive in charge of Anything Brands Operations.

Each company will operate with additional management teams and details regarding management structure and share distribution to existing shareholders will be disclosed by the Board of Directors by November 30, 2009.

About Anything Brands Online, Inc.

Anything Brands (http://www.anythingbrandsonline.com) markets and sells products and services that improve the level of transportation efficiency and safety of its commercial and recreational customers. Their Tradesman Tool division (http://www.tradesmantool.com) serves automotive, construction, industrial tools, and auto body supplies. The myFreightWorld division is a business outsourcing company that sells technology, services, and wholesale truck, rail, and airfreight capacity to the logistics manager industry that accounts for over $200 billion of the $650 billion transportation industry spend. Technology services and products are offered via the web or are accessible through web service applications and are provided primarily through private label arrangements. See: http://www.3plinabox.net

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Anything Brands Online, Inc. and its business. Forward-looking statements speak only as of the date on which they are made and Anything Brands Online, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

For more information contact:
Investor Relations
Anything Brands Online
www.anythingbrandsonline.com
520-742-1890

TEN Associates LLC
Fountain Hills, Arizona
(480) 326-8577

SANTA CLARA, Calif. and SAN MATEO, Calif., Nov. 11 /PRNewswire-FirstCall/ -- Sonic Solutions® (Nasdaq: SNIC) and Entone, Inc., a leading provider of IPTV home connectivity solutions, today announced they are partnering to provide telecommunications operators a comprehensive entertainment solution that combines live broadcast TV and DVR capabilities with instant access to OTT (over-the-top) entertainment powered by Roxio CinemaNow(TM).*

"Entone and Sonic are well positioned to take advantage of new and growing opportunities in the over-the-top market segment," said Mike Galli, OTT Analyst at MRG, Inc. "Operators looking to offer video services to their existing and growing broadband subscriber base are certain to benefit from this collaboration that combines Roxio CinemaNow's rich content offering with Entone's leadership position in bringing together traditional pay TV and online media services."

"Instead of competing with OTT services, telco operators can now supplement managed services by providing online video as part of their service without requiring consumers to invest in additional equipment," said Mark Evensen, VP of Product Development for Entone. "The integration of the Roxio CinemaNow technology platform will provide operators access to larger libraries of movies and videos, at the same time, providing consumers an enhanced viewing experience via a single user interface and remote control."

As a market leader in IPTV, Entone's focus is to enable access to rich media, including live television and recorded content, throughout the home without requiring new wiring or set-tops at each TV. With Entone's new hybrid TV service platform, the availability of recorded content includes both programs stored on a whole-home DVR or on cloud-based services such as Roxio CinemaNow.

"Entone is a pioneer in integrating OTT services into the operator model. Through our partnership, we are able to leverage Entone's direct channel of more than 80 telco operators to expand our customer base and device ecosystem," said Mark Ely, executive vice president of strategy, Sonic Solutions. "With Entone's hybrid TV service platform, consumers can now access Roxio CinemaNow powered services conveniently from any TV in the home."

Roxio CinemaNow services are able to deliver a massive selection of premium video entertainment for rental or purchase. CinemaNow's cloud-based media services power devices from multiple manufacturers, forming a connected ecosystem that consumers can use to seamlessly choose, move and view video entertainment. The CinemaNow ecosystem currently includes PCs, connected TVs, set top DVRs, Blu-ray Disc and mobile media players from leading manufacturers.

Roxio CinemaNow powered premium services will be available to Entone's telco customers via an IPTV service model or via Entone's new SelecTV(TM) service that will be released later this year.

Product demonstrations can be seen at the Entone booth (#833) during the TelcoTV O9 conference and tradeshow in Orlando, Florida (November 10 - 12, 2009).

About Entone, Inc.

Entone is a market leader in broadband video and home connectivity solutions. Initially established in 1999 by the team that deployed the world's first commercial IPTV service, Entone's proven technology enables service operators to reliably deliver integrated video and broadband services using existing access and in-home networks.

Entone's Connected Home Solutions provide a platform for delivering broadcast television and enabling media sharing throughout a networked home using existing in-home wiring. Entone's products enable next-generation services and new revenue streams for the market's most progressive service operators. Over 60 of the world's leading telecom operators are using Entone's solutions to support their IP video services.

Entone is a privately held company with headquarters in Silicon Valley, California and offices in Europe, Hong Kong and China. The company is backed by leading venture capital firms such as Menlo Ventures, Scale Venture Partners and Coral Group. For more information about Entone, go to http://www.entone.com.

About Sonic Solutions

Sonic Solutions® (NASDAQ: SNIC) is powering the digital media ecosystem through its complete range of Hollywood to Home(TM) applications, services, and technologies. Sonic's Roxio® products enable consumers to easily manage and enjoy personal digital media content and, through Roxio CinemaNow(TM), access premium entertainment on a broad range of connected devices. A wide array of leading technology firms, professionals, and developers rely on Sonic to bring innovative digital media functionality to next-generation devices and platforms. Sonic Solutions is headquartered in Marin County, California.

Forward Looking Statements

This release may contain forward looking statements that are based upon current expectations, including the launch, distribution, and market acceptance of the Roxio CinemaNow service and technologies. Actual results could differ materially from those projected in the forward looking statements as a result of various risks and uncertainties, including those discussed in Sonic Solutions' annual and quarterly reports on file with the Securities and Exchange Commission. This press release should be read in conjunction with Sonic Solutions' most recent annual report on Form 10-K, Form 10-Q and other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company's business including risks and uncertainties that may affect future results. Sonic Solutions does not undertake to update any forward looking statements.

Sonic, the Sonic logo, Sonic Solutions, Roxio, CinemaNow, and Hollywood to Home, are trademarks or registered trademarks owned by Sonic Solutions in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject to change without notice.

*Pending final device review by content providers

SOURCE Sonic Solutions