Georgios Papadopoulos, CEO of Atypon commented:

"Atypon has a strong reputation for developing innovative and creative solutions that meet the increasingly complex and sophisticated needs of scholarly publishers. This acquisition expands the range of services we can offer to our existing market while at the same time allowing us to sell our technology services to a wider range of publishers."

Atypon will add eMeta to its operations to create a single entity of over 100 people with offices in Santa Clara, New York, Athens - Greece, and Oxfordshire UK.

About Atypon Systems, Inc.

Since 1996, Atypon Systems, Inc. provides software, hosting, and systems development to the information industry, allowing publishers to grow their business by providing superior technology and service that supports the electronic exchange of scholarly information. Atypon's solutions include Atypon Premium, a complete e-publishing solution for publishers who wish to manage the entire process of delivering and managing their content online, and Atypon Link, a cost effective, aggregated hosting platform for publishers who require a well managed, outsourced e-publishing service. For further information visit http://www.atypon.com

SOURCE: Atypon Systems, Inc.

Atypon Systems, Inc. 
Nash Pal, +44 (0) 870 350 2032 
npal@atypon.com

Today, consumers have a host of options available such as digital video recording (DVR) capabilities and on demand features that make the television viewing experience truly interactive. Macrovision said its Passport product line includes Passport Echo DVR and ShowRunner video on demand (VOD) applications that are designed to help cable operators drive increased subscribership through value-added services. These services enable viewers to control live television with pause, rewind and fast-forward functionality; utilize one-touch recording features; fine tune their recording options; and scan VOD menus via an intuitive interface, according to the company.

"Our customers' satisfaction with their service offerings is extremely important to us," said Jennifer Matarangas-King, president of Innovative Cable TV, a cable system operator in St. John, St. Croix and St. Thomas. "We've selected Macrovision because its Passport solutions give us the flexibility to make available a variety of feature-rich applications that enrich the viewing experience for our customers."

"Our recent Passport wins in Central America and the Caribbean show the strength of our products and underscore Macrovision's commitment to deliver enabling technology to our customers for a uniquely simple home entertainment experience," said Tom Carson, executive vice president of worldwide sales and services at Macrovision. "The momentum we've seen in the Latin America and Caribbean markets is testament to our technology's value-add for cable system operators."

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In a release, the company stated:

- Adjusted Pro Forma estimates exclude the results of the TV Guide Magazine, TV Guide Network, TVG Network and eMeta businesses, all of which are classified as discontinued operations. These discontinued operations are assumed to have been sold prior to 2009 for aggregate proceeds of $350 million. The company estimates aggregate proceeds from the disposition of these businesses to exceed $350. The $350 million in assumed proceeds from the sale of the businesses classified as discontinued operations is assumed to reduce the debt issued in conjunction with the acquisition of Gemstar. Adjusted Pro Forma EPS is calculated using Adjusted Pro Forma Income from Continuing Operations. Adjusted Pro Forma Income from Continuing Operations is defined as operating income from continuing operations adding back non-cash items other then depreciation and items which impact comparability that are required to be recorded under GAAP, but that the company believes are not indicative of its core operating results. Excluded non-cash items include equity-based compensation, amortization and non-cash interest expense such as the amortization of debt issuance costs and non-cash tax expenses and benefits related to the creation and release of discrete tax reserves. Excluded items which impact comparability, but that the company believes are not indicative of its core operating results, include such costs as transaction, transition and integration costs, restructuring and asset impairment charges. Macrovision Solutions has assumed no increase or decrease in shares outstanding in calculating Adjusted Pro Forma EPS.

Macrovision Solutions is focused on providing a simple digital home entertainment experience by delivering solutions to businesses to protect, enhance and distribute digital goods to consumers across multiple channels.

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-Revenues of $112.2 million, compared to $45.6 million for the third quarter of 2007. Third quarter 2008 GAAP net income was $8.8 million compared to net income of $14.1 million for the third quarter of 2007. GAAP diluted earnings per share for the quarter was $0.09, compared to $0.26 for the third quarter of 2007.

- As management believes including Gemstar's operating results only for the period since its acquisition on May 2, diminishes the comparative value of results from the prior year, management believes it is useful to measure the results on a non-GAAP Adjusted Pro Forma basis, assuming the Gemstar acquisition was consummated January 1, 2007. The Adjusted Pro Forma results also exclude Macrovision's Software and Games businesses that were sold April 1, discontinued Hawkeye product line, as well as the results of the TV Guide Magazine, TV Guide Network, TVG Network and eMeta businesses, all of which are classified as discontinued operations. On this basis, third quarter 2008 Adjusted Pro Forma Revenues were $112.2 million, compared to $108.8 million for the third quarter of 2007. Third quarter 2008 Adjusted Pro Forma EBITDA was $43.0 million, compared to $36.2 million for the third quarter of 2007. Adjusted Pro Forma EBITDA is defined as pro forma operating income from continuing operations, adding back non-cash items such as equity-based compensation, depreciation and amortization and items which impact comparability such as transaction, transition and integration costs, restructuring and asset impairment charges, insurance settlements and accrual reversals related to a former Gemstar CEO. Cash and investment balances from continuing operations increased from $332.3 million at the end of June 30, to $368.9 million at the end of September 30.

- The Adjusted Pro Forma combined company year-to-date results reflect five months of synergies. By January 1, 2009, the company expects to have realized annualized cost savings in excess of $50 million by rationalizing head count, eliminating corporate marketing initiatives that do not fit within the company's plans going forward, eliminating duplicate public company and IT expenses, consolidating facilities and capturing other cost efficiencies. As of September 30, the company had taken expense reduction actions that will lead to approximately $44 million in savings on an annualized basis. Additionally, actions already taken after September 30, will result in the remaining $6 million of annualized cost savings.

"I am pleased with our third quarter financial results, especially the performance in our core market segments -- consumer electronics and service providers," said Fred Amoroso, President and CEO of Macrovision. "I am also delighted that we were able to enter into an agreement to sell TV Guide Magazine. This pending sale enables us to streamline our business and demonstrates an additional proof point in our ability to execute against our business plan."

Macrovision Solutions is focused on providing a simple digital home entertainment experience by delivering solutions to businesses to protect, enhance and distribute digital goods to consumers across multiple channels.

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