Press Releases

SALT LAKE CITY, UT -- (MARKET WIRE) -- 10/14/08 -- The financial crisis that is impacting the United States and world markets will delay EnergySolutions' (NYSE: ES) ability to accelerate the decommissioning of identified nuclear power plant assets, a key growth initiative of the company.

The company is now estimating net income in the range of $0.50 to $0.60 per share, based on 88.3 million fully diluted shares outstanding. Net income before the non-cash impact of the amortization of intangibles is estimated to be in the range of $0.70 to $0.80 per share. Amortization expense of intangible assets is expected to be $28 million, or $18 million net of related income tax expense. The company estimates EBITDA for fiscal 2008 to be in the range of $165 million to $180 million. Estimates for net income before the non-cash impact of the amortization of intangible assets and for EBITDA exclude the costs of approximately $1.8 million from the secondary offering in July 2008 and any special charges. The company anticipates that the financial performance for fiscal 2009 to be similar to 2008. Further information will be provided in the company's third quarter earnings call in November.

The Nuclear Regulatory Commission (NRC), which maintains oversight for the use of decommissioning trust funds, informed EnergySolutions last week that it denied the company's petition for a rulemaking change that would allow the use of decommissioning trust funds for the processing and disposal of major radioactive components ("large components") that have been removed from operating nuclear reactors. The NRC indicated, however, that it would consider, on a case-by-case basis, exemptions from its guidance against using decommissioning trust funds for disposing of large components.

EnergySolutions will continue to work with the NRC and its nuclear utility customers to seek appropriate exemptions and pursue NRC rulemaking changes. The Commission has indicated that it believes that the early removal and disposal of large components is important and it will continue to work on alternative methods to accomplish this objective. EnergySolutions continues to explore other innovative funding options with a number of utilities to secure the decommissioning of these large components in the near future.

EnergySolutions and Exelon have an agreement under which EnergySolutions would accelerate the decommissioning of Exelon's Zion Nuclear Power Station in Zion, Illinois, which stopped operating in February 1998. The NRC approval for the transfer of the license from Exelon to the company's decommissioning subsidiary, ZionSolutions, is expected by mid-December.

However, EnergySolutions does not believe that it is in the best interests of its stakeholders to finalize the transfer of the Zion Nuclear Power Station assets until after the financial markets stabilize and the company reaffirms that there is sufficient value in the Zion decommissioning trust funds to ensure adequate funds for the accelerated decommissioning of the plant. Exelon officials have informed EnergySolutions that they are supportive of this strategy. Pursuant to their agreement, EnergySolutions and Exelon have until December 2009, to close the transaction. EnergySolutions remains committed to its license stewardship program.

"Despite the financial challenges that are impacting the United States and markets around the world, our base business is very solid and we continue to generate significant cash flow," said Steve Creamer, CEO and Chairman of EnergySolutions. "Our core customers, the governments of the United States and United Kingdom and the domestic nuclear industry, continue to require the unique services provided by EnergySolutions."

EnergySolutions offers customers a full range of integrated services and solutions including nuclear operations; decommissioning; nuclear materials management; processing, recycling and disposition of nuclear materials; environmental restoration; site closure; decontamination and research and engineering services across the nuclear fuel cycle.

Non-GAAP Measures

The company defines EBITDA as earnings before interest expense, income taxes, depreciation and amortization. The company uses EBITDA to facilitate a comparison of its operating performance on a consistent basis from period to period that, when viewed with its GAAP results, management believes provides a more complete understanding of factors and trends affecting its business than GAAP measures alone. EBITDA assists management in comparing its operating performance on a consistent basis because it removes the impact of its capital structure (primarily interest charges), asset base (primarily depreciation and amortization) and items outside the control of its management team (taxes) from its results of operations. EBITDA should not be considered as a substitute for net income or income from operations, as determined in accordance with GAAP. EBITDA is not defined by GAAP, and you should not consider it in isolation or as a substitute for analyzing the company's results as reported under GAAP.

The company defines net income before the non-cash impact of amortization of intangibles as net income plus amortization expense of intangible assets, net of the related income tax expense of these items. Net income before the non-cash impact of amortization of intangibles and net income before the non-cash impact of amortization of intangibles per share are not computed in accordance with GAAP. These non-GAAP measures may be useful to investors seeking to compare the operating performance on a consistent basis from period to period that, when viewed with its GAAP results, management believes provides a more complete understanding of factors and trends affecting the company's business than GAAP measures alone. Net income before the non-cash impact of amortization of intangibles and net income before the non-cash impact of amortization of intangibles per share should not be considered as a substitute for net income or net income per share, as determined in accordance with GAAP. Net income before the non-cash impact of amortization of intangibles and net income before the non-cash impact of amortization of intangibles per share are not defined by GAAP, and you should not consider them in isolation or as a substitute for analyzing the company's results as reported under GAAP.

Forward-Looking Statements

Statements in this news release regarding future financial and operating results and any other statements about EnergySolutions, Inc.'s future expectations, beliefs or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including economic conditions generally. Additional information on potential factors that could affect the company's results and other risks and uncertainties are set forth in EnergySolutions, Inc. filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2007 and the prospectus for its secondary offering, filed with the Securities and Exchange Commission on July 25, 2008. The company does not undertake any obligation to release publicly any revision to any of these forward-looking statements.

For more information please contact:
Mark Walker
801-649-2194
Email Contact

DALLAS, Oct. 14 /PRNewswire-FirstCall/ -- AT&T U-verse(SM) TV customers from Georgia and Indiana to Nevada and California no longer have to plan how or where they watch and record their favorite recorded shows.

AT&T Inc. (NYSE: T) today announced the launch of AT&T U-verse Total Home DVR in the Atlanta, Cleveland, Grand Rapids, Indianapolis, Milwaukee, Reno and Sacramento areas, giving U-verse TV customers the freedom to play back Standard Definition (SD) and High Definition (HD) recorded programs on any connected TV in the home, at no additional charge.

"If you're a family who fights over the DVR or just wants the flexibility to watch your recorded shows on any TV in the house, AT&T U-verse Total Home DVR is the perfect solution for you," said Jeff Weber, AT&T vice president of video products. "With our 100 percent Internet Protocol (IP) network, we are able to constantly evolve features and services to match the needs of viewers. Total Home DVR is the latest addition to our portfolio of unmatched features that give U-verse customers more control, on any TV, at a great price."

AT&T U-verse Total Home DVR customers can:

-- Watch HD and SD DVR recordings on other connected TVs in the home. In addition to your DVR, you can access, play, pause, rewind and fast forward any recorded SD or HD program on up to seven additional U-verse-connected TVs. All U-verse DVRs and receivers are HD-capable.

-- Pause a recorded show and pick up where you left off in another room.

-- Play back multiple, independent viewings of the same recorded show on different TVs.

-- Play back up to four recorded shows at once. Up to three can be HD recorded programs.

-- Watch up to five HD programs simultaneously throughout the home, including two live HD programs and three recorded HD programs.

-- Record more of the show you want to see with soft padding, which automatically adds 1 minute to the beginning and 2 minutes to the end of each pre-scheduled recording.

-- Organize recorded content by series. Series recordings will be grouped as a single heading in the recorded TV menu, making it easier for customers to manage and select their recorded programs.

-- Store up to 37 hours of HD content or up to 133 hours of SD content, which is more storage than most cable providers' DVRs.

-- Record up to four programs at once on a single DVR -- another feature that is exclusive to AT&T U-verse TV.

-- Set the DVR while on the go from your PC or wireless phone. With AT&T Yahoo!(R) Web and Mobile Remote Access to DVR, you can schedule recordings from any Web-connected PC or compatible mobile phone (wireless service charges apply) by using your AT&T High Speed Internet account.

Using IP technology, Total Home DVR capabilities have been seamlessly provided to existing customers' DVRs without the need to swap their current equipment. The U-verse network architecture and IPTV service allow Total Home DVR functionality to be enabled by a software update, without any action or hassle for existing customers.

Total Home DVR is the latest addition to the constantly evolving suite of features that has been introduced to all U-verse TV customers at no extra charge since the AT&T U-verse launch in June 2006. These features include:

-- Mobile Remote Access to DVR, which lets you schedule and manage DVR recordings from any compatible mobile phone.

-- AT&T U-bar, which brings customizable weather, stock, sports and traffic information to the U-verse TV screen, without interrupting the current program.

-- AT&T Online Photos from Flickr, which allows you to simply and conveniently browse the photos you've uploaded to flickr.com and watch slide shows on your U-verse TV screen from the comfort of your couch.

-- Yahoo! Sports Fantasy Football, which allows you to track the progress of your fantasy team -- including current team matchups and league standings -- directly from your TV screen through the AT&T U-bar.

-- YELLOWPAGES.COM TV, for fast and easy searches to find local businesses and other information via your TV screen.

-- AT&T Yahoo! Games, so you can play your favorite online games -- including Sudoku, Solitaire, JT's Blocks, Mah-jongg Tiles and Chess -- on the TV screen.

In the future, AT&T plans to add to its Total Home DVR service with the ability to schedule recordings and pause or control live TV from non-DVR receivers.

AT&T is deploying next-generation AT&T U-verse services as part of its mission to connect people with their world, everywhere they live and work, and do it better than anyone else. Customers benefit from integrated AT&T services across the three screens they value most: the TV, the PC and the wireless phone.

For additional information on AT&T U-verse -- or to find out if it's available in your area -- visit http://uverse.att.com, call 800-ATT-2020 or visit a local AT&T retail location.

About AT&T

AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.

(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other AT&T marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

Geographic and service restrictions apply to AT&T U-verse. Call or go to http://www.uverse.att.com to see if you qualify. Four channels can be recorded to the DVR or viewed simultaneously, up to two can be HD, subject to availability. DVR functionality available for up to 8 TVs and requires extra receivers for each additional TV.

SOURCE AT&T Inc.

BOSTON--(BUSINESS WIRE)--

Invention Machine, a leading provider of innovation software, today announced that top innovation practitioners from seven countries are gathering in Boston to exchange trends, best practices and ideas to help drive sustainable innovation across global enterprises. Invention Machine Power to Innovate user conference will be hosted at the Museum of Science in Boston on Oct. 28-29.

Invention Machine CEO Mark Atkins will deliver the opening keynote, focusing on the impact of the recent financial crisis on innovation and developing trends. The customer keynote entitled 'Advancing Connectivity for Innovation' will be presented by Sheldon Sloan, Johnson & Johnson's V.P. of Collaboration & Scientific Excellence. Scott Kirsner, author of the new book Inventing the Movies will share his views on what innovators can learn from Hollywood on Wednesday morning.

The user conference attendees are among the world's elite innovative companies and have adopted Invention Machine Goldfire Innovator to accelerate their product innovation process. Several of these customers will share case studies on how they use Goldfire Innovator to solve innovation challenges including, Applied Materials, Chemtura, Delphi, JohnsonDiversey, Magnet, Northrop Grumman, PolyOne, Pratt & Whitney Rocketdyne and Sun Chemical.

"Sustainable innovation has arguably become the most important topic facing businesses today, as companies must innovate quickly and consistently," said Mark E. Atkins, CEO and chairman, Invention Machine. "This event is a great opportunity for innovators and industry leaders to learn from each other and get in-depth insight into how they could further leverage our technology to boost their innovation-edge."

In addition to best practices and case studies, conference attendees will get practical insights and learn hands-on techniques on ways they can better utilize Goldfire Innovator's capabilities, including rapid problem solving, and predictive risk analysis. Current customers will also be privy to a sneak-preview of the newest version of the software.

Invention Machine's innovation software helps enterprises innovate repeatedly, accelerating and sustaining product innovation. Its unique semantic technology helps translate ideas into commercialized products by generating and validating the right ideas the first time -- whether it is creating a folding box spring, an engine for NASA or a new printer. Today, Invention Machine helps manufacturing organizations worldwide deliver innovative products that positively impact society and save lives.

About Invention Machine

A leading provider of innovation software, Invention Machine drives sustainable innovation by enabling global organizations to consistently generate breakthrough ideas that accelerate product development. Invention Machine Goldfire Innovator empowers engineers and scientists to conceive and validate right ideas the first time, so they can quickly and easily deliver market leading products. Global 2000 manufacturers in more than 25 countries rely on Invention Machine for product innovation, process improvement and market expansion. Its unique software fuels sustainable innovation across numerous industries, including aerospace and defense, automotive, consumer technology, energy and environment and life sciences. For additional information, please visit invention-machine.com.

Source: Invention Machine

DUBLIN, Ireland--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/bd4bdc/global_movies_en) has announced the addition of the "Global Movies & Entertainment" report to their offering.

The Global Movies & Entertainment industry profile is an essential resource for top-level data and analysis covering the movies & entertainment industry. It includes detailed data on market size and segmentation, plus textual and graphical analysis of the key trends and competitive landscape, leading companies and demographic information.

Scope

- Contains an executive summary and data on value, volume and/or
 segmentation
- Provides textual analysis of the industry's recent performance and
 future prospects
- Incorporates in-depth five forces competitive environment analysis
 and scorecards
- Includes a five-year forecast of the industry
- The leading companies are profiled with supporting key financial
 metrics
- Supported by the key macroeconomic and demographic data affecting
 the market

Highlights

- Detailed information is included on market size, measured by value
 and/or volume
- Five forces scorecards provide an accessible yet in depth view of
 the market's competitive landscape

Why you should buy this report

- Spot future trends and developments
- Inform your business decisions
- Add weight to presentations and marketing materials
- Save time carrying out entry-level research

Market Definition

The movies & entertainment market consists of both producers and distributors of public entertainment formats, such as movies, music and sports. The sports and movie box office sectors have been valued as the revenues received by box offices from total annual admissions. The music and video sectors have been valued using the retail selling price (RSP) of items, such as DVD, VHS and CD. Any currency conversions used in the creation of this report have been calculated using constant 2007 annual average exchange rates.

Key Topics Covered:

- Market Overview
- Market Value
- Market Segmentation I
- Market Segmentation II
- Market Share
- Five Forces Analysis
- Leading Companies
- Market Forecasts
- Appendix

Leading Companies

- Time Warner Inc.
- Sony Corporation
- Walt Disney Company


    For more information visit
http://www.researchandmarkets.com/research/bd4bdc/global_movies_en.

Source: Datamonitor

Source: Research and Markets Ltd.

Australia leads the world in promoting prosperity, as the Legatum Institute ranks 104 countries in the 2008 Legatum Prosperity Index by how well they foster economic growth and personal wellbeing.

NEW YORK, Oct. 14 /PRNewswire/ -- Despite the current gloomy economic news, the United States has successfully promoted the fundamentals of prosperity, ranking in fourth place with Germany and Singapore in the 2008 Legatum Prosperity Index, published today. In reacting to the financial crisis, policymakers should be mindful that the country is nevertheless well positioned for continued prosperity in the long term.

"Long-term prosperity for the U.S. overall will continue to derive from the effectiveness and integrity of its political institutions, prudent regulatory and trade policies, the innovation of entrepreneurs, and the freedom of citizens to choose the course of their lives," according to Dr. William Inboden, Senior Vice President of the Legatum Institute.

"True prosperity consists of more than money," Dr. Inboden continued. "It also includes happiness, health, and liberty. The Prosperity Index shows that in addition to economic success, a society's prosperity is based on strong families and communities, political and religious liberty, education and opportunity, and a healthy environment.

The Index defines prosperity as a holistic combination of material wealth and life satisfaction, measuring how well nations are promoting both economic growth and quality of life. Australia holds the top spot, narrowly ahead of Austria and Finland; Yemen ranks last, following several African nations including Zambia and Zimbabwe.

The Prosperity Index assesses 104 nations around the world by measuring 44 different indicators of both economic competitiveness and liveability. Full rankings are available at www.prosperity.com. The United States achieves a high ranking due to its combination of strong economic policies and a good quality of life. In particular, the U.S.:

    --  is the only country besides Ireland in the Index to register medium or
        strong scores in every category;
    --  leads the world in per capita income;
    --  scores especially high in its growth in invested capital and its ability
        to commercialize innovation;
    --  has the highest social capital score among the top 10 countries except
        for New Zealand;
    --  is the only nation among the top 25 to receive a positive rating for
        religious involvement among its citizens.

However, among other leading nations, the U.S. is slightly outpaced on some key quality of life indicators such as good health and leisure time, and on a few economic measures such as the quality of its trade and regulatory environments.

Australia leads the Index because of its strong performance in education, governance, and promoting entrepreneurship. All successful countries demonstrate several common attributes, with the top ten scoring especially high on five economic indicators:

    --  Growth in Invested Capital
    --  Good Governance on economic issues
    --  Commercialising Innovation
    --  Good Governance on political issues
    --  High Incomes

All but Singapore and Hong Kong scored nearly as well on community life and family life indicators, which are important measures of social capital. Conversely, the bottom 25 percent of the Index countries received especially low marks on the above indicators, as well as Freedom of Choice. They are particularly burdened by low incomes and high dependence on foreign aid.

The 2008 Prosperity Index finds that both individuals and governments have a role to play in promoting national prosperity. Alan McCormick, a Managing Director at Legatum, observed, "The 2008 Legatum Prosperity Index reveals that governments alone cannot mandate prosperity, but they can foster an environment that encourages prosperity through implementation of wise policies. Individual citizens are responsible for taking ownership of their lives and, in richer countries, embracing the opportunities that accompany increased freedom and privilege." A website dedicated to measuring personal prosperity has been created at www.myprosperity.com.

Mr McCormick concluded that, "Amidst widespread global economic insecurity, the findings of this year's Index could not be timelier. The Prosperity Index is a manifesto for advancing long-term national prosperity which can act as a guide for leaders from all sections of society."

About the Legatum Prosperity Index

The 2008 Legatum Prosperity Index is based on statistical analysis of more than 40 years of data for more than 100 countries worldwide, produced and supervised by the Legatum Institute, with input from the research consultancy Oxford Analytica and a panel of respected advisors in the fields of economics, history, development, sociology, and political science.

About the Legatum Institute

The Legatum Institute ("LI") is an independent policy, advocacy and advisory organisation. The Institute's mission is to research and promote the principles that drive the creation of global prosperity and the expansion of human liberty and wellbeing.

For more information about the Legatum Institute, please visit www.li.com.

The Institute is part of the Legatum Group, a private global investment organisation focused on investing in the international capital markets and the promotion of sustainable development.

For more information about the Legatum Group, please visit www.Legatum.com.

Media Enquiries

    Hamish Banks, Legatum
    Dubai, UAE
    Telephone: +971 4 317 5800
    Email: hamish.banks@legatum.com

    Nicole Anwer, Legatum
    Dubai, UAE
    Telephone: +971 4 317 5800
    Email: nicole.anwer@legatum.com

    Danielle Perissi, Edelman
    New York, NY
    Telephone +1 212 704 8281
    Email: danielle.perissi@edelman.com

    Arwa Husain, Adfactors Public Relations
    Mumbai, India
    Telephone: +971 22 2281 3565
    Email: arwa.husain@adfactorspr.com

NOTES TO EDITORS REGARDING THE 2008 LEGATUM PROSPERITY INDEX

    2008 Legatum Prosperity Index Rankings

          BEST 20                   WORST 10
      1  AUSTRALIA                94  SUDAN
      2  AUSTRIA                  96  KENYA
      2  FINLAND                  96  MOZAMBIQUE
      4  GERMANY                  98  NEPAL
      4  SINGAPORE                99  ZIMBABWE
      4  UNITED STATES           100  TANZANIA
      7  SWITZERLAND             101  CENTRAL AFRICAN REPUBLIC
      8  HONG KONG               102  MALI
      9  DENMARK                 102  ZAMBIA
      9  NEW ZEALAND             104  YEMEN
     11  NETHERLANDS
     12  SWEDEN
     13  JAPAN
     14  BELGIUM
     14  CANADA
     14  FRANCE
     14  NORWAY
     14  UNITED KINGDOM
     19  ISRAEL
     20  IRELAND

The top three Prosperity Index countries, Australia, Austria and Finland, demonstrate the new principles of well-rounded prosperity by their separate economic and social paths to the top.

Australia has reinvented itself as a wealthy service-oriented economy with good scores on liveability indicators, including health, charitable giving and effective governance. Strong norms of civic participation, robust health, and plenty of leisure time contribute to the high liveability rating.

Austria scores highly in education, which is vital to long term income growth, as well as health, a key to quality of life. Finland boasts of high governance, helping to drive both wealth and wellbeing in the country. In addition, the Finns report very high levels of satisfaction with the freedom to choose the course of their own lives.

Of the top 25 percent of the Index is also marked by a number of countries with imbalanced results. Several Nordic countries score very well on liveability indicators, but poorly on some key wealth drivers, such as entrepreneurship. Many Asian countries on the other hand, score well on the economic competitiveness indicators, but have comparative weaknesses in liveability, including limited equality of opportunity for women, a degraded natural environment, and long working hours.

While no country has poor scores in every category, Yemen comes closest. While its people maintain a strong religious faith, they also suffer from extreme levels of poverty and poor governance. For most of the countries in the bottom ranks of the Index, extreme poverty appears to be the main cause, which further impacts wellbeing by contributing to ill health and unemployment. A number of countries, such as Zimbabwe and Sudan, are both impoverished and politically repressive.

Observations from the Index Research

The key drivers for each country vary according to their level of development. For poorer countries, with average per capita incomes of less than US$10,000, raising incomes is a particular priority. For these countries, the most important components of economic competitiveness are:

    1. Government effectiveness
    2. Levels of education
    3. Growth in invested capital
    4. Low costs of starting a business
    5. Commercialisation of innovation
    6. Low dependence on foreign aid
    7. Low dependence on commodity exports
    8. Economic openness

For countries with incomes of more than US$20,000 per person, the most important drivers of continued economic growth are:

    1. Invested capital
    2. Education
    3. Entrepreneurship
    4. Commercialisation of innovation

Furthermore, in richer countries, moving beyond material wealth is a key element of continued prosperity. The most important factors for these countries are:

    1. Continued high levels of income
    2. Good health
    3. Political rights and civil liberties
    4. Freedom of choice
    5. Charitable Giving
    6. Family Life
    7. Equality of opportunity
    8. Pleasant natural environment
    9. Community Life
    10. Religious freedom

Find Out More

A website dedicated to the Index has been created at www.prosperity.com. In addition to viewing the 2008 Legatum Prosperity Index report, browsers may freely examine individual country profiles and conclusions, as well as experiment with interactive tools which allow for graphical comparison of countries and the components of their prosperity.

A website dedicated to measuring personal prosperity is also available at www.myprosperity.com. Interviews with Dr. Inboden, in video, audio and text format, are available at www.prosperity.com and www.cantos.com.

SOURCE Legatum