Press Releases

Dell'Oro Group Reports Emulex Grew its FCoE CNA Revenue 160% Quarter over Quarter

COSTA MESA, Calif.--(BUSINESS WIRE)-- Emulex Corporation (NYSE: ELX) today announced that it is the market share leader in Fibre Channel over Ethernet (FCoE) Converged Network Adapters (CNAs) according to the Dell'Oro Group. Emulex's FCoE CNA revenue grew 160 percent quarter over quarter, indicating that the converged networking market is beginning to take hold. Emulex continued to gain market share in the 8Gb/s Fibre Channel HBA standalone adapter market, adding four percentage points this quarter.

"Emulex's growth in the largest and most profitable segment of the 8Gb/s Fibre Channel adapter market is a testament to the fact that its strong performance advantage and focus on virtualization are continuing to create positive traction for the Company in this mature market," said Steve Daheb, chief marketing officer and senior vice president of business development, Emulex. "More importantly, Emulex's market leadership and tremendous revenue growth in the rapidly expanding FCoE CNA market demonstrates the industry traction its industry-leading network convergence solutions have received. We expect Emulex's rapid growth in this segment to accelerate with our recently launched second-generation OneConnect Universal Converged Network Adapters (UCNAs), beginning to ramp through design wins, such as the Virtual Fabric Adapter for IBM BladeCenter based on the Company's unique OneConnect UCNA architecture and pay-as-you-go business model."

To learn more about Emulex, please visit: http://www.emulex.com

Follow Emulex on Twitter: http://www.twitter.com/emulex

About Emulex

Emulex is the leader in converged networking solutions for the data center. Our Connectivity Continuum architecture provides intelligent networking services that transition today's infrastructure into tomorrow's unified network ecosystem. Emulex provides a single framework that intelligently connects every server, network and storage device within the data center. Through strategic collaboration and integrated partner solutions, Emulex provides its customers with industry leading business value, operational flexibility and strategic advantage. Emulex is listed on the New York Stock Exchange (NYSE: ELX) and has corporate headquarters in Costa Mesa, California. News releases and other information about Emulex Corporation are available at http://www.emulex.com.

Emulex Safe Harbor Statement

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. These forward-looking statements include, among other things, statements regarding future events and future performance. Emulex wishes to caution readers that a number of significant factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include changes in economic and industry conditions and the effects of ongoing global economic uncertainty, changes in end user demand for technology solutions; the effect of any actual or potential unsolicited offers to acquire Emulex; Emulex's dependence on a limited number of customers and the effects of the loss of, or decrease or delays in orders by, any such customers, or the failure of such customers to make payments; the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; the effect of rapid migration of customers towards newer, lower cost product platforms; slower than expected growth of the storage networking market or the failure of Emulex's Original Equipment Manufacturer ("OEM") customers to successfully incorporate Emulex products into their systems; delays in product development; the highly competitive nature of the markets for Emulex's products; Emulex's ability to gain market acceptance for its products; any inadequacy of Emulex's intellectual property protection or the potential for and impact of third-party claims of infringement, including any inability to successfully defend itself against any intellectual property claims, obligations relating to customer indemnification, any failure of suppliers to satisfy indemnification obligations and other potential business disruption; Emulex's ability to attract and retain skilled personnel; and the Emulex's reliance on third-party suppliers. These and other factors which could cause actual results to differ materially from those in the forward-looking statements are also discussed in Emulex's filings with the Securities and Exchange Commission, including its recent filings on Forms 8-K, 10-K and 10-Q. Statements in this release are based on current expectations and Emulex undertakes no obligation to revise or update any forward-looking statements for any reason. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

    Source: Emulex

OAK BROOK, IL -- (MARKET WIRE) -- 11/11/09 -- Beginning today through Friday, Dec. 4, customers can vote for their favorite voice of McDonald's at www.mcdonalds.com/voice. Of the 1.6 million McDonald's (NYSE: MCD) restaurant employees around the world, 30 talented vocalists from 18 countries have made it to the semi-finals in the company's third global Voice of McDonald's singing competition.

Online voting will help choose the 12 finalists who will win a trip to Orlando, Fla., along with a guest, to experience the McDonald's Worldwide Owner/Operator Convention in April 2010. There, our contestants will receive star treatment, including an entourage who provides expertise on hair and makeup, choreography, stage presence and vocal coaching as they prepare to compete in the finals. Our 12 finalists will also sing on a massive concert stage with a live orchestra in front of the 15,000 McDonald's owner/operators, employees and suppliers in attendance. The Voice of McDonald's grand-prize winner takes home $25,000; the second prize includes $10,000 and third prize receives $5,000.

"Having seen our previous Voice of McDonald's contestants perform, I am absolutely blown away by the talents of our employees," said Rich Floersch, McDonald's executive vice president and global chief human resources officer. "This competition puts a spotlight on one of the most important parts of our company, our people -- their hidden gifts, hopes and dreams. Voice of McDonald's is just one example of the 'only-at-McDonald's' opportunities we've created to celebrate the talents of our employees around the world."

The 30 global semi-finalists are:

--  Asia-Pacific/Middle East/Africa
    --  Emma Linnegar -- Sydney, Australia
    --  Weijie Wu -- Liwan District, Guanzhon, China
    --  Ni Kadek Arini -- Denpasar, Bali, Indonesia
    --  Yui Nakayama -- Shinjuku, Tokyo, Japan
    --  Jin Hur -- Goyang City, South Korea
    --  Nami Yoo -- Goyang, South Korea
    --  Lourieby Chenee Capuyan -- Davao Del Sur, Davao, Philippines
    --  Radjie Zaragoza -- Daraga, Albay, Philippines
    --  Lucky Zofo -- Springs, South Africa
    --  Eunah Yang -- Seoul, South Korea
    --  Hyun Jin Park -- Seoul, South Korea
    --  Kwangki Lee -- Goyang City, South Korea

--  Europe
    --  Sodany Sean -- Clermont Ferrand, France
    --  Gaetan Nieto -- Antibes, France
    --  Cristel Joy Amposta -- Vielbach, Rheinland-Phalz, Germany
    --  Roger Corneille -- Deurne, Netherlands
    --  Gilyana Ochiro-Goryaeva -- Moscow, Russia
    --  Ana Cepello Cobos -- Seville, Spain

--  Latin America
    --  Nayane Pereira Santos -- Aracaju, Brazil
    --  Suyane Pereira Santos -- Aracaju, Brazil
    --  Eduardo Goes Dos Santos -- Sao Paulo, Brazil
    --  Evelyn Cardenas Portillo -- San Jose, Costa Rica
    --  Jesus Miguel Molinares Espinoza -- Lima, Peru
    --  Stephanie Roche -- Mayaguez, Puerto Rico

--  North America (U.S. and Canada)
    --  Franz Carl Guerrero -- Calgary, Alberta, Canada
    --  Ashley Harrington -- Long Island City, New York, United States
    --  Fatima Poggi -- Pinckney, Michigan, United States
    --  Eddie Davenport -- Stockbridge, Michigan, United States
    --  Carrie Vieweg -- Concord Township, Ohio, United States
    --  LeAnna Simmons -- Dover, Pennsylvania, United States

The 30 semi-finalists selected music ranging from pop to country and rock from a varied songbook provided by Sony ATV to create videos that are judged on their singing ability (60 percent), creativity (20 percent) and on-camera/stage presence (20 percent).

The Voice of McDonald's online voting site contains semi-finalists' impressive video submissions, photos and other interesting facts about these talented employees. Now McDonald's customers all over the globe have the chance to cast their votes. These online votes, together with a professional panel of international judges from the vocal and music industry, will decide who will become the top 12 finalists.

For a social media version of this release, including a downloadable image, visit http://www.marketwire.com/press-release/Mcdonald's-1075080.html.

About McDonald's

McDonald's (NYSE: MCD) is the leading global foodservice retailer with more than 32,000 restaurants in more than 100 countries. Approximately 80 percent of McDonald's restaurants worldwide are owned and operated by franchisees. Please visit our website at www.aboutmcdonalds.com to learn more about the Company.

©2009 McDonald's, McDonald's Corp., Voice of McDonald's and Sony ATV are trademarks and/or registered trademarks of their respective companies.

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SOUTHAMPTON, Pa., Nov. 11 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") The National AeroSpace Research and Training (NASTAR) Center announced today an international contest for students to design a patch that will commemorate NASTAR Center's newest training program for suborbital scientist-astronauts who will fly aboard commercial suborbital spaceflights. The winning design will become the Official Patch for NASTAR's Suborbital Scientist Training Program.

The NASTAR Center will accept student artwork submissions through December 16, 2009 on its website. This contest is open to full-time students from the elementary to University levels. The winning artist and patch design will be announced January 11, 2010. The winning patch will be worn on the flight suits of all Suborbital Scientist Trainees. In addition, a cash award of $500 dollars will be granted to the winning artist along with a certificate and NASTAR gift pack. For rules and the contest entry form, go to The NASTAR Center website at www.nastarcenter.com/patchcontest.

To help Suborbital Scientist-Astronauts prepare for the rigors of space flight, the NASTAR Center has devised a new training program. Due to debut in January, 2010, the first NASTAR Suborbital Scientist Training Program will feature 13 researchers from organizations around the nation and is organized by Dr. Alan Stern and The Southwest Research Institute. The "Suborbital Scientist-Astronauts" will personally carry, test and manipulate experiments aboard upcoming commercial suborbital spaceflights. "This course will provide both the knowledge and the training needed for researchers, scientists, engineers, teachers and students to take advantage of the upcoming opportunities in the suborbital science research industry," says Brienna Henwood, Director of Space and Research Programs at The NASTAR Center.

The NASTAR Suborbital Scientist Training Program is a 2-day training course featuring altitude training, space launch and reentry training on the Space Training Simulator (STS-400) and distraction factor exercises. Suborbital Scientist Trainees will learn about the commercial space industry and train for the physiological, physiological and time/pressure constraints experienced by conducting experiments in space. Additional Suborbital Scientist Training Programs are planned to be offered by The NASTAR Center in the future.

About The NASTAR Center

The NASTAR(® )Center (www.NASTARcenter.com), a wholly-owned subsidiary of Environmental Tectonics Corporation (OTC Bulletin Board: ETCC), houses state-of-the-art equipment and professional staff to support the training and research needs of the aerospace community, including military aviation (fixed and rotary wing), civil aviation (fixed and rotary wing), space travel (government and private) and research support and data collection. The NASTAR(®) Center's equipment and programs are highly modular and flexible and can accommodate a wide range of aerospace training and research requirements.

ETC was incorporated in 1969 in Pennsylvania and this year we have celebrated our 40th anniversary. Our core technologies include the design, manufacture and sale of Training Services (TSG) which includes (1) software driven products and services used to create and monitor the physiological effects of flight; (2) high performance jet tactical flight simulation, and; (3) driving and disaster simulation systems, and Control Systems (CSG) which includes: (1) steam and gas sterilization; (2) testing and simulation devices for the automotive industry, and; (3) hyperbaric and hypobaric chambers. Product categories included in TSG are Aircrew Training Systems (ATS) and flight simulators, disaster management systems and entertainment applications. CSG includes sterilizers, environmental control devices and hyperbaric chambers along with parts and service support.

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ETC's current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

These forward-looking statements include statements with respect to the Company's vision, mission, strategies, goals, beliefs, plans, objectives, expectations, anticipations, estimates, intentions, financial condition, results of operations, future performance and business of the company, including but not limited to, (i) potential additional funding by H.F. Lenfest, a member of our Board of Directors and a significant shareholder, and PNC Bank, (ii) the trading of the Company's common stock on the Over-the-Counter Bulletin Board (iii) projections of revenues, costs of materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure, other financial items and the effects of currency fluctuations, (iv) statements of our plans and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions of customers, suppliers, competitors or regulatory authorities, (v) statements of future economic performance, (vi) statements of assumptions and other statements about the Company or its business, (vii) statements made about the possible outcomes of litigation involving the Company, (viii) statements regarding the Company's ability to obtain financing to support its operations and other expenses, and (ix) statements preceded by, followed by or that include the words, "may," "could," "should," "looking forward," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan," or the negative of such terms or similar expressions. These forward-looking statements involve risks and uncertainties which are subject to change based on various important factors. Some of these risks and uncertainties, in whole or in part, are beyond the Company's control. Factors that might cause or contribute to such a material difference include, but are not limited to, those discussed in the Company's Annual Report on Form 10 K for the fiscal year ended February 27, 2009, in the section entitled "Risks Particular to Our Business." Shareholders are urged to review these risks carefully prior to making an investment in the Company's common stock.

The Company cautions that the foregoing list of important factors is not exclusive. Except as required by federal securities law, the Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

    Contact: Duane D. Deaner, CFO
             Tel: 215-355-9100 (ext. 1203)
             Fax: 215-357-4000

    ETC - Internet Home Page: http://www.etcusa.com

SOURCE Environmental Tectonics Corporation

Breakout Singer-Songwriter's New Single "It Kills Me" Rapidly Growing At Radio



No. 1 Album on iTunes Top R&B Chart Today



"3 Out Of 4 Stars"

-People Magazine

"...one of the best debut albums this year"

-Associated Press

"...a contemporary classic,

heavily influenced by 60's soul, complimented with a modern voice."

- Vibe Magazine

"Melanie Fiona has an ear for that old sound

and utilizes her diverse musical influence to crack today's pop sound barrier."

- XXL Magazine

NEW YORK--(BUSINESS WIRE)-- The grandly dramatic emotional and musical heights of MELANIE FIONA's new single and video "It Kills Me" would make most observers think that the Title 9/SRC/Universal Motown singer-songwriter knows how to make an impressive entrance. And they would be right.

Throughout 2009, MELANIE FIONA, an electrifying performer endowed with a richly soulful voice and striking beauty of Guyanese heritage, has been introduced in every form of traditional and new media, across the world, in cyberspace, and up close and personal in many North American colleges, clubs, and communities. The Toronto-based newcomer's unique brand of deeply personal songwriting, impeccably crafted and delivered, and her gravitation toward fresh, unconventional urban beats make her standout among the year's finest breakout talents.

Preceded by the buzzworthy single, "Give It To Me Right," the in-store release of MELANIE FIONA's debut CD, THE BRIDGE, follows its No. 8 digital debut at iTunes on October 20th. In recent months, MELANIE FIONA has appeared on BET's 106th and Park, Last Call With Carson Daly, Late Night With Jimmy Fallon, The Wendy Williams Show, and Good Day New York. In addition to opening the European leg of Kanye West's 2008 tour, MELANIE FIONA was invited to perform at the 2009 Essence Music Festival and she co-headlined the 2009 Heineken Red Star Soul Tour.

Beyond her busy touring schedule, MELANIE FIONA has remained visible on newsstands, appearing on the cover of Paper magazine and being featured in Italian Vanity Fair, Entertainment Weekly, Vibe, Giant, and YRB. Additionally, E! Entertainment Television, Billboard.com, MySpace.com, AOL, Yahoo! Music, iTunes, and imeem have all taken notice, and MELANIE FIONA's rendition of the French classic "La Vie En Rose" is currently being used as the theme song of Martini & Rossi's international Rosato campaign.

MELANIE FIONA continues to be a mainstay on the BET. Her video for "It Kills Me" has appeared on the 106 & Park Countdown for the past two weeks and her episode of BET Rising Icon's is set to air on BET on November 14th. Don't miss the premiere of the music video for MELANIE FIONA's next single, "Bang Bang," on MySpace on November 13th. Upcoming TV performances, including the 2009 United Way Thanksgiving Day NFL Halftime Show: A Motown 50th Anniversary Tribute, the 2009 Centric Soul Train Awards, and an appearance on The Mo'Nique Show in December.

www.melaniefiona.com

www.myspace.com/melaniefiona

www.youtube.com/melaniefionatv

www.facebook.com/MelanieFiona

http://twitter.com/melaniefiona

http://www.ilike.com/artist/Melanie+Fiona

    Source: Universal Motown Records

TORONTO, Nov. 11 /PRNewswire-FirstCall/ - Belzberg Technologies Inc. (TSX -BLZ), a provider of technology-based equity and options trading services, announced the results for the third quarter ended September 30, 2009.

"Belzberg has achieved many important milestones over the past three months." said Judith Robertson, President and CEO. "Our technology upgrade was delivered on schedule and has been well-received by our clients. The improved trading platform, which is in the process of being rolled out to clients, will enhance the Company's competitive position in both equities and options."

    Major achievements in the third quarter include:

    -   Operating expenses (excluding restructuring charges and pass-
        throughs) declined $0.6 million from the second quarter and $1.6
        million from the first quarter.
    -   Average transaction fees have improved for both electronic equities
        and options as we continue to focus on improving our business mix;
    -   Added 6 net new clients in the third quarter across equities and
        options. New clearing clients are ramping up activity levels.

"In addition to product improvements, we continue to make meaningful improvements in our cost structure. Operating expenses net of pass-throughs in the third quarter were reduced 9% when compared to the second quarter and 20% when compared to the first quarter 2009." said Judith Robertson, President and CEO. "July and August are traditionally lower volume trading months with September showing a material improvement. Our reported revenues were also negatively affected by a 6% decline in the US/CAD exchange rate in the third quarter versus the second quarter and a 15% decline compared to the first quarter."

Revenues, net of pass-throughs, decreased by 14% to $5.0 million from $5.8 million in the second quarter. Operating expenses, excluding pass-throughs and a foreign currency translation loss of $1.2 million, decreased by 9% to $6.2 million from $6.8 million in the second quarter.

    -------------------------------------------------------------------------
    Revenues and Expenses
    -------------------------------------------------------------------------
    (in millions of dollars)
    (Unaudited)                                     Q309      Q209      Q109
    Revenue before pass-throughs                   $ 5.0     $ 5.8     $ 6.6
    Operating expenses before pass-throughs         (6.2)     (6.8)     (7.8)
    -------------------------------------------------------------------------

Total revenues for the third quarter, including pass-throughs on which the Company makes no margin, decreased 26% to $8.2 million versus $11.0 million in the same yearago period. Revenues, net of pass-throughs, decreased by 32% to $5.0 million from $7.3 million in the same year-ago period. The net loss was $2.4 million as compared to a net loss of $0.3 million same quarter last year. Excluding non-cash foreign exchange translations the net loss was $1.2 million as compared to a net gain of $0.1 million in the same quarter last year. Diluted loss per share for the third quarter was $(0.16) per share as compared to a loss of $(0.02) per share in the same year-ago period.

    -------------------------------------------------------------------------
    Financial Highlights             Three months ended    Nine months ended
     (in millions of dollars,            September 30,        September 30,
     except per share data)
     (unaudited)                     2009        2008      2009        2008
    -------------------------------------------------------------------------
    Revenue                       $   8.2    $   11.0   $  30.3     $  29.5
    Revenue before pass-throughs  $   5.0    $    7.3   $  17.4     $  21.4
    Net earnings (loss)           $  (2.4)   $   (0.3)  $  (5.6)* $   0.4
    Diluted earnings (loss)
     per share                    $ (0.16)   $  (0.02)  $ (0.38)    $  0.02
    -------------------------------------------------------------------------

    * Includes restructuring charges of $0.8 million

About Belzberg Technologies

Belzberg Technologies Inc. is a provider of trading technology and technology-based brokerage services for equities and options. Using Belzberg's suite of integrated trading tools and network connectivity, Belzberg's customers have direct access to all major North American markets. Belzberg Technologies is listed on the Toronto Stock Exchange (Ticker-BLZ) - additional information is available at www.belzberg.com.

Forward looking statement disclaimer

Except for historical information contained herein, the matters discussed in this press release are based on forward-looking statements that involve risk and uncertainty. A variety of important factors could cause results to differ materially from such statements, including but not limited to economic, competitive, governmental and technological factors affecting the company's operation, markets, products, prices and other factors.

    Notice

    The consolidated financial statements have not been reviewed by an
external auditor

    BELZBERG TECHNOLOGIES INC.
    Consolidated Balance Sheets
    (in thousands of Canadian dollars)
    -------------------------------------------------------------------------
                                                  September 30,  December 31,
                                                          2009          2008
                                                    (Unaudited)     (Audited)
                                                 --------------  ------------

    ASSETS

    CURRENT
      Cash and cash equivalents                      $  12,863     $  19,452
      Cash and cash equivalents segregated under
       regulations and other                             3,071           184
      Cash and cash equivalents on deposit with
       clearing and depository organizations             2,524         1,989
      Receivable from brokers, dealers and
       clearing organizations                            1,697         1,774
      Accounts receivable                                5,485         5,973
      Prepaid expenses and other receivables               750           534
      Other assets                                           -         1,565
      Income taxes receivable                               95            89
      Investment tax credits recoverable                    34            84
    -------------------------------------------------------------------------
                                                        26,519        31,644

    CAPITAL ASSETS                                       2,647         3,326

    INVESTMENT                                              30            38

    INVESTMENT TAX CREDITS RECOVERABLE                   1,621         1,580

    FUTURE INCOME TAX ASSETS                             4,854         3,289

    GOODWILL                                             1,608         1,608

    OTHER INTANGIBLE ASSETS, NET                           315           473
    -------------------------------------------------------------------------
                                                     $  37,594     $  41,958
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    LIABILITIES

    CURRENT
      Accounts payable and accrued liabilities       $   4,975     $   6,350
      Payable to customers and correspondents            2,449           183
      Payable to brokers, dealers and
       clearing organizations                                -           131
    -------------------------------------------------------------------------
                                                         7,424         6,664

    FUTURE INCOME TAX LIABILITIES                          513           244

    -------------------------------------------------------------------------
                                                         7,937         6,908
    -------------------------------------------------------------------------

    SHAREHOLDERS' EQUITY

    CAPITAL STOCK                                       23,898        23,930

    CONTRIBUTED SURPLUS                                  3,904         3,686

    RETAINED EARNINGS                                    1,855         7,434
    -------------------------------------------------------------------------
                                                        29,657        35,050
    -------------------------------------------------------------------------
                                                     $  37,594     $  41,958
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------



    BELZBERG TECHNOLOGIES INC.
    Consolidated Statements of Operations and Retained Earnings
    (in thousands of Canadian dollars, except per share amounts)
    (Unaudited)
    -------------------------------------------------------------------------

                              Three months ended           Nine months ended
                                    September 30,               September 30,
                              2009          2008          2009          2008
                        -----------   -----------   -----------   -----------

    REVENUE
      Transaction fees:
        Equity order
         flow and
         clearing        $   4,147     $   4,543     $  16,679     $  11,479
        Options and
         futures
         contracts           2,437         4,253         8,623        11,541
    -------------------------------------------------------------------------
                             6,584         8,796        25,302        23,020

      Subscription fees      1,214         1,764         3,832         5,404

      Other revenue            363           403         1,135         1,103
    -------------------------------------------------------------------------
    TOTAL REVENUE            8,161        10,963        30,269        29,527
    -------------------------------------------------------------------------

    EXPENSES
      Exchange, clearing
       and brokerage fees    3,463         5,194        14,485        10,650
      Compensation and
       related benefits      3,026         3,161         9,943         8,892
      Telecommunication and
       datafeed services     1,815         1,721         5,932         4,937
      Administrative and
       other expenses          872         1,259         3,114         3,768
      Restructuring expenses     -             -           839             -
      Government assistance      -             -           (95)            -
      Amortization of capital
       assets                  522           469         1,579         1,397
      Amortization of
       intangible assets        55            53           165           138
      Foreign exchange (gain)
       loss                  1,200           (30)        1,732            87
    -------------------------------------------------------------------------
                            10,953        11,827        37,694        29,869
    -------------------------------------------------------------------------

    LOSS BEFORE THE
     UNDERNOTED             (2,792)         (864)       (7,425)         (342)

      Interest expense           4             3            22             3
      Interest income          (40)         (129)         (171)         (465)
    -------------------------------------------------------------------------
                               (36)         (126)         (149)         (462)
    -------------------------------------------------------------------------

    EARNINGS (LOSS) BEFORE
     INCOME TAXES           (2,756)         (738)       (7,276)          120

    PROVISION FOR (RECOVERY
     OF) INCOME TAXES
      Current                    -             2             -             9
      Future                  (406)         (418)       (1,697)         (257)
    -------------------------------------------------------------------------
                              (406)         (416)       (1,697)         (248)
    -------------------------------------------------------------------------

    NET EARNINGS (LOSS)     (2,350)         (322)       (5,579)          368

    RETAINED EARNINGS
     (DEFICIT), BEGINNING
     OF PERIOD               4,205         8,006         7,434        (8,684)

    REDUCTION OF STATED
     CAPITAL                     -             -             -        16,000
    -------------------------------------------------------------------------
    RETAINED EARNINGS, END
     OF PERIOD               1,855         7,684         1,855         7,684
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    EARNINGS (LOSS) PER
     SHARE:
      Basic              $   (0.16)    $   (0.02)    $   (0.38)    $    0.02
      Diluted            $   (0.16)    $   (0.02)    $   (0.38)    $    0.02
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    WEIGHTED AVERAGE
     NUMBER OF COMMON AND
     COMMON EQUIVALENT
     SHARES OUTSTANDING:
     (in thousands)
      Basic                 14,822        14,841        14,828        14,827
      Diluted               14,822        14,879        14,828        14,918
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------



    BELZBERG TECHNOLOGIES INC.
    Consolidated Statements of Cash Flows
    (in thousands of Canadian dollars)
    (Unaudited)
    -------------------------------------------------------------------------
                              Three months ended           Nine months ended
                                    September 30,               September 30,
                              2009          2008          2009          2008
                        -----------   -----------   -----------   -----------

    CASH PROVIDED BY
     (USED FOR)

    OPERATING ACTIVITIES
      Net earnings
       (loss)            $  (2,350)    $    (322)    $  (5,579)    $     368
      Items not affecting
       cash
        Amortization of
         capital assets        522           469         1,579         1,397
        Amortization of
         intangible assets      55            53           165           138
        Unrealized foreign
         exchange loss
         (gain)                664          (219)        1,026          (358)
        Gain on sale of
         investment              -             -            (5)            -
        Stock-based
         compensation           75            42           218           120
        Future income taxes   (171)         (466)       (1,296)         (332)
      Changes in non-cash
       working capital
       items                 1,348        (3,095)         (745)       (2,074)
    -------------------------------------------------------------------------
                               143        (3,538)       (4,637)         (741)
    -------------------------------------------------------------------------

    INVESTING ACTIVITIES
      Purchase of capital
       assets                  (58)         (736)         (900)       (1,978)
      Purchase of
       intangibles               -             -            (7)         (212)
      Purchase of investment     -             -            (2)            -
      Proceeds from sale of
       investment                -             -            15             -
    -------------------------------------------------------------------------
                               (58)         (736)         (894)       (2,190)
    -------------------------------------------------------------------------

    FINANCING ACTIVITIES
      Repayment of
       obligations under
       capital lease             -             -             -           (27)
      Repurchase of common
       shares                  (22)          (33)          (32)         (306)
      Proceeds from the
       exercise of stock
       options                   -             -             -           364
    -------------------------------------------------------------------------
                               (22)          (33)          (32)           31
    -------------------------------------------------------------------------

    Effect of exchange rate
     changes on cash and
     cash equivalents         (664)          219        (1,026)          358
    NET INCREASE (DECREASE)
     IN CASH AND CASH
     EQUIVALENTS              (601)       (4,088)       (6,589)       (2,542)

    CASH AND CASH
     EQUIVALENTS,
     BEGINNING OF PERIOD    13,464        22,627        19,452        21,081
    -------------------------------------------------------------------------
    CASH AND CASH
     EQUIVALENTS,
     END OF PERIOD       $  12,863     $  18,539     $  12,863     $  18,539
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    CASH AND CASH
     EQUIVALENTS:
      Cash               $   4,679     $   4,834     $   4,679     $   4,834
      Cash equivalents       8,184        13,705         8,184        13,705
    -------------------------------------------------------------------------
                         $  12,863     $  18,539     $  12,863     $  18,539
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    SUPPLEMENTAL CASH
     FLOW INFORMATION
      Interest received  $      40     $     119     $     179     $     464
      Interest paid              4             3            22             3
      Income taxes paid          3            67            18           197

SOURCE Belzberg Technologies Inc.