Sabre Holdings Reports Second Quarter, 2003 Financial Results

    *  2Q 2003 Revenue of $507 million

    *  2Q 2003 Diluted EPS on a GAAP basis of $0.05

    *  2Q 2003 Diluted EPS, excluding special items, of $0.23

     Note:  Analyst conference call at 10 a.m. CDT today,
            www.sabre-holdings.com/investor/index.html

SOUTHLAKE, Texas, July 17 /PRNewswire-FirstCall/ — Sabre Holdings
Corporation (NYSE: TSG) today reported financial results for the second
quarter 2003.

For the second quarter, the company reported revenue of $507 million. The
company reported diluted earnings per share on a GAAP basis of $0.05.
Excluding special items, the company announced earnings per share of $0.23.

“The travel industry absorbed major shocks early in the second quarter due
to armed conflict in the Middle East and SARS,” said William J. Hannigan,
chairman and CEO, Sabre Holdings. “However, we did see a fairly healthy
rebound later in the quarter.

“At Sabre Holdings, we continued to execute on key strategic initiatives
to keep us well positioned for the long term. Our Travelocity company made
significant strides in accelerating our merchant model business by launching
new dynamic shopping technology and adding more merchant hotel content. Our
Sabre Travel Network business, in anticipation of industry deregulation,
signed long-term contracts with several major airlines,” said Hannigan.

SABRE HOLDINGS 2Q 2003 FINANCIAL HIGHLIGHTS

Revenue: Second quarter revenue was $507 million, a decrease of
5.5 percent from $537 million in the year-ago quarter.

Operating income: Second quarter operating income on a GAAP basis was
$40 million, down 61.3 percent from the same period last year. Excluding
special items, operating income was $54 million, compared to $134 million in
the year-ago quarter.

Net earnings: On a GAAP basis, second quarter net earnings were
$7 million, or $0.05 per share on a diluted basis, compared to $68 million, or
$0.47 per share on a diluted basis, in the year-ago quarter. Net earnings,
excluding special items, were $32 million in the second quarter, compared to
$83 million in the year-ago quarter.

Adjusted EBITDA: For the second quarter, adjusted earnings before
interest, taxes, depreciation, and amortization was $71 million.

Special items: Special items in the second quarter included a $28 million
charge related to refinancing the headquarters facility. Special items also
included $15 million of stock compensation and amortization of intangible
assets, and a $1 million reversal of a restructuring charge. The impact of
these special items on minority interests was $1 million and $16 million on
income taxes. Further details can be found on the attached financial
schedules.

ADDITIONAL FINANCIAL INFORMATION

Dividend: The Sabre Holdings Board of Directors declared a quarterly cash
dividend of $0.07 per share on July 14. The dividend is payable on August 15,
2003 to shareholders of record at the close of regular trading on
July 31, 2003.

Cash/Debt: The company balance sheet as of June 30, 2003 reflects cash
and marketable securities of approximately $966 million. Total debt on the
balance sheet as of June 30 was $613 million. This includes the carrying
value of the company’s public debt of $445 million and a $168 million capital
lease obligation related to refinancing the headquarters facility.

Capital Spending: Capital spending for the second quarter was $16 million,
compared to $16 million in the second quarter of 2002.

Depreciation and Amortization: Depreciation and amortization expense,
including intangible assets associated with acquisitions, was $31 million in
the second quarter, an increase of 9.2 percent compared to the same period a
year ago. Depreciation and amortization expense, excluding intangible assets
associated with acquisitions, was $19 million.


    SABRE HOLDINGS BUSINESS REVIEW

    TRAVELOCITY

Second quarter revenue from Travelocity was $91 million, a 19.5 percent
increase compared to $76 million in the second quarter of 2002. Transaction
revenue for the quarter was $71 million, up 28.6 percent compared to the year-
ago quarter. Gross travel bookings in the second quarter were $979 million,
an increase of 7.6 percent compared to $910 million in the year-ago quarter.

Travelocity non-air transaction revenue grew 42.5 percent year-over-year,
and 20 percent sequentially. Revenue from the cruise, vacation and last
minute categories grew 74 percent, year-over-year, and 13 percent
sequentially. Total hotel revenue grew 34 percent, year-over-year, driven by
an 81 percent increase in hotel merchant revenue.

In addition, about 46 percent of hotel reservations on Travelocity were
merchant transactions. The total number of operational hotels in the
Travelocity merchant model hotel program surpassed 4,000 in June, a milestone
reached six months ahead of schedule, and now exceeds 5,000.

Several new programs were launched during the quarter reflecting the
aggressive investment strategy at Travelocity. This included the
implementation of Travelocity TotalTrip technology, a dynamic shopping engine
allowing consumers to book airfare and hotels together in just a few simple
clicks, giving them access to special rates not available when booking
components separately. The company also announced Travelocity Business, a
comprehensive service that can lower travel costs for small and medium-sized
businesses. Travelocity also redesigned its car shopping capabilities,
launching the first total pricing grid that displays all daily rates or total
prices for all major car rental companies on one page.

SABRE TRAVEL NETWORK

Second quarter revenue from the Sabre Travel Network was $379 million,
down 9.9 percent from $420 million in the year-ago quarter, severely impacted,
as expected, by the war in Iraq and SARS. Global travel bookings were
89 million for the second quarter, compared with 106 million in the year-ago
quarter, a decline of 16.2 percent.

During the quarter, new carriers joined the Sabre DCA Three-Year Option.
Through the program, airlines commit to a three-year term at the highest level
of participation in the Sabre global distribution system and provide broad
access to their published fares, seats and services, including Web fares, for
all Sabre connected users, in exchange for a reduced booking fee rate fixed
for three years. With new carriers joining this week, there are now 16
airlines participating in the program, including five of Sabre Travel
Network’s top six airline customers: Continental, Delta, Northwest, US Airways
and United.

GETTHERE

GetThere saw 40 percent year-over-year growth in corporate transactions in
the second quarter. Second quarter revenue from GetThere was $12 million, a
6.3 percent decrease over the same period a year ago, due to expiring
contracts outside the corporate business.

GetThere signed a multi-year extension with American Express Travel
Related Services, its largest corporate distributor. GetThere also rolled out
the newest generation of its product, GetThere Release 6, to about 50
customers including some of the largest, such as ChevronTexaco. In Europe,
GetThere gained additional market traction by signing several key local
customers, including British Sky Broadcasting (BskyB).

SABRE AIRLINE SOLUTIONS

Second quarter revenue from Sabre Airline Solutions was $54 million, an
increase of 5.1 percent, compared to $52 million in the year-ago quarter. The
revenue growth was due to a solid mix of new business and organic growth from
key customers including Southwest Airlines.

During the quarter, Sabre Airline Solutions added new deals from major
airline customers including Qantas, to develop flight schedules and improve
its profitability across all regional, short haul and long haul routes, as
well as Air Jamaica and EgyptAir for consulting.

SABRE HOLDINGS OUTLOOK

For third quarter, 2003, the company projects revenue to be in the range
of $500 million to $540 million, negative three percent to positive four
percent growth, year-over-year. Diluted earnings per share, on a GAAP basis,
are expected to be in the range of $0.15 to $0.20. Excluding the impact of
special items, the company projects diluted earnings per share in the range of
$0.21 to $0.26. Special items, which include stock compensation and
amortization of intangible assets, net of tax and minority interests, are
projected to be $9 million.

    For the full year, the company expects the following:
     -- 2003 revenue, on a GAAP basis, in the range of negative 2 percent to
        positive 3 percent growth, year-over-year
     -- 2003 revenue, excluding one-time gains, in the range of negative
        4 percent to positive 1 percent growth, year-over-year
     -- 2003 earnings per share, on a GAAP basis, between $0.75 and $0.85
     -- 2003 earnings per share, excluding special items, in the range of
        $0.95 to $1.05
     -- 2003 free cash flow to be greater than $180 million (Cash flow from
        operations of greater than $260 million)
     -- 2003 Adjusted EBITDA to be greater than $330 million (GAAP net
        earnings of greater than $107 million)

    Business unit revenue growth projections for 2003 are as follows:
     -- Travelocity: greater than 30 percent revenue growth for 2003
     -- GetThere: approximately 10 percent revenue growth for 2003
     -- Sabre Airline Solutions: approximately 10 percent revenue growth for
        2003
     -- Sabre Travel Network: a decline of approximately 6 percent in revenue
        on a GAAP basis, and excluding one time gains, a decline of
        approximately 8 percent in revenue.

    About Sabre Holdings Corporation

Sabre Holdings, an S&P 500 company, is a world leader in travel commerce,
retailing travel products and providing distribution and technology solutions
for the travel industry. Sabre Holdings supports travelers, travel agents,
corporations and travel suppliers through its companies: Travelocity, Sabre
Travel Network, GetThere, and Sabre Airline Solutions. Headquartered in
Southlake, Texas, in the Dallas-Fort Worth Metroplex, the company has
approximately 6,500 employees in 45 countries. Full year 2002 revenues
totaled $2.06 billion. Sabre Holdings is traded on the New York Stock
Exchange under the symbol TSG. More information is available at
http://www.sabre-holdings.com

Statements in this report and the exhibit hereto which are not purely
historical facts, including statements about forecasted financial projections
or other statements about anticipations, beliefs, expectations, hopes,
intentions or strategies for the future, may be forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. Readers are cautioned not to place undue reliance on forward-looking
statements. All forward-looking statements are based upon information
available to the Company on the date this report was submitted. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Any forward-looking statements involve risks and uncertainties
that could cause actual events or results to differ materially from the events
or results described in the forward-looking statements, including risks or
uncertainties related to: the computer reservation system rules proposed by
the Department of Transportation; the Company’s revenues being highly
dependent on the travel and transportation industries; airlines limiting their
participation in travel marketing and distribution services; or structural
changes within the travel industry, such as the financial instability or
bankruptcy of many of the air carriers. The Company may not succeed in
addressing these and other risks. Further information regarding factors that
could affect our financial and other results can be found in the risk factors
section of our most recent filing on Form 10-Q with the Securities and
Exchange Commission.

                             Schedules to Follow


      Sabre Holdings Corporation
      Condensed Consolidated Statements of Income - Unadjusted
      (Unaudited, in millions except per share amounts)

                              Three months ended         Six months ended
                                   June 30,                  June 30,
                             2003    2002    Percent   2003    2002    Percent

    Revenues
      Sabre Travel Network  $378.5  $420.1    (9.9%)  $803.8  $854.2    (5.9%)
      Travelocity             91.2    76.3    19.5%    171.2   150.0    14.2%
      GetThere                12.3    13.2    (6.3%)    24.6    24.9    (1.3%)
      Sabre Airline Solutions 54.4    51.8     5.1%    109.9   104.1     5.5%
      Elimination of
       intersegment revenues (29.3)  (24.6)   19.0%    (58.5)  (47.1)   24.3%
      Total revenues         507.2   536.7    (5.5%) 1,051.0 1,086.1    (3.2%)

    Operating expenses       466.8   432.4     7.9%    906.7   861.8     5.2%

    Operating income          40.4   104.3   (61.3%)   144.3   224.3   (35.7%)

    Other income (expense)
      Interest income
       (expense) net          (1.3)    2.0   166.8%     (2.4)    3.3   172.4%
      Other, net             (29.9)    1.2 (2671.7%)   (29.5)   21.1  (240.2%)

    Minority interest          0.0    (0.9) (104.0%)    (0.6)   (0.0) 1341.5%

    Income before provision
     for income taxes          9.2   106.6   (91.4%)   111.8   248.6   (55.0%)

    Provision for income
     taxes                     2.3    38.6   (93.9%)    40.1    93.3   (57.0%)


    Net earnings              $6.8   $68.0   (90.0%)   $71.7  $155.4   (53.9%)

    Operating Margin           8.0%   19.4%             13.7%     20.7%

    Earnings per share
     - basic                 $0.05 $0.48 $0.50 $1.13

    Earnings per share
     - diluted               $0.05 $0.47 $0.50 $1.10

    Weighted average shares
     - basic                 142.4   142.6             142.3     138.1

    Weighted average shares
     - diluted               143.1   145.3             142.8     141.0


      Sabre Holdings Corporation
      Condensed Consolidated Statements of Income - Adjusted
      (Unaudited, in millions except per share amounts)

                              Three months ended         Six months ended
                                   June 30,                  June 30,
                            2003    2002   Percent    2003    2002    Percent
    Revenues
       Sabre Travel
        Network            $378.5  $420.1    (9.9%)  $767.4   $854.2   (10.2%)
       Travelocity           91.2    76.3    19.5%    171.2    150.0    14.2%
       GetThere              12.3    13.2    (6.3%)    24.6     24.9    (1.3%)
       Sabre Airline
        Solutions            54.4    51.8     5.1%    109.9    104.1     5.5%
       Elimination of
        intersegment
        revenues            (29.3)  (24.6)   19.0%    (58.5)   (47.1)   24.3%
       Total revenues       507.2   536.7    (5.5%) 1,014.6  1,086.1    (6.6%)

    Operating expenses      452.9   403.1    12.3%    877.6    812.0     8.1%

    Operating income         54.3   133.6   (59.4%)   136.9    274.1   (50.0%)

    Other income (expense)
       Interest income
        (expense) net        (1.3)    2.0   166.8%     (2.4)     3.3   172.4%
       Other, net            (1.9)   (1.7)   10.0%     (1.2)    (4.6)  (73.5%)

    Minority interest        (0.8)   (1.7)  (52.3%)    (2.2)    (5.2)  (57.1%)

    Income before provision
     for income taxes        50.3   132.2   (62.0%)   131.1    267.7   (51.0%)

    Provision for income
     taxes                   17.9    49.5   (63.8%)    47.2    100.9   (53.2%)


    Net earnings            $32.4   $82.7   (60.9%)   $83.9   $166.7   (49.7%)

    Operating margin -
     from continuing
     operations             10.7%   24.9%             13.5%    25.2%

    Earnings per share-
     basic                  $0.23 $0.58 $0.59 $1.21

    Earnings per share-
     diluted                $0.23 $0.57 $0.59 $1.18

    Weighted average
     shares -basic          142.4   142.6             142.3    138.1
    Weighted average
     shares -diluted        143.1   145.3             142.8    141.0


      Sabre Holdings Corporation
      Reconciliation of Unadjusted Results to Adjusted Net Earnings
      Three and Six Months ended June 30, 2003 and 2002
      (Unaudited, in millions, except percents)

                               Three months ended        Six Months Ended
                                    June 30,                 June 30,
                               2003    2002   Change*   2003    2002   Change*

    Unadjusted operating
     income                   $40.4  $104.3   (61.3%) $144.3  $224.3   (35.7%)
    Adjustments for special
     items:
       Travelocity
        intangible amort.,
        stock comp,
        Hotels.com Warrants    $4.7   $21.3   (77.9%)   $9.9   $22.3   (55.7%)
       Gradient, DCS and
        Sabre Pacific
        intangibles
        amortization and
        deferred
        compensation           $3.2    $3.7   (14.8%)   $6.3    $9.8   (36.1%)
       Restructuring charges  ($0.9)  ($3.5)  (73.6%)  ($0.9)  ($3.5)  (73.6%)
       Travelocity Tender
        Offer Expenses         $0.0    $0.3  (100.0%)   $0.0    $7.1  (100.0%)
       Get There intangibles
        amortization, stock
        comp, severance        $6.9    $7.5    (7.7%)  $13.9   $14.2    (2.0%)
       Subscriber settlement
        agreement              $0.0    $0.0      **   ($36.5)   $0.0      **
    Adjusted operating
     income                   $54.3  $133.6   (59.4%) $136.9  $274.1   (50.1%)

    Unadjusted other income
     and minority interest   ($31.2)   $2.3      **   ($32.5)  $24.3  (233.6%)
    Adjustments for special
     items:
       Eliminate FAS 133
        gain/(loss) on
        Hotels.com warrants    $0.1   ($0.1) (222.6%)   $0.4   ($0.2) (286.7%)
       Eliminate France
        Telecom gains          $0.0   ($2.8) (100.0%)   $0.0   ($7.1) (100.0%)
       Loss on refinancing
        of headquarters
        facility              $27.9    $0.0      **    $27.9    $0.0      **
       Impact of special
        items on minority
        interests             ($0.8)  ($0.8)    4.5%   ($1.6)  ($5.2)  (68.4%)
       Gain on sale of
        corporate office       $0.0   ($0.0) (100.0%)   $0.0  ($18.3) (100.0%)

    Adjusted income before
     provision for income
     taxes                    $50.3  $132.2   (61.9%) $131.1  $267.6   (51.0%)

    Unadjusted provision for
     income taxes              $2.3   $38.6   (93.9%)  $40.1   $93.3   (57.0%)
    Adjustments to taxes for
     special items            $15.6   $10.9    42.6%    $7.1    $7.7    (7.5%)
    Adjusted provision for
     income taxes             $17.9   $49.5   (63.8%)  $47.2  $100.9   (53.2%)

    Adjusted net earnings     $32.4   $82.6   (60.8%)  $83.9  $166.7   (49.7%)

    *   Percents shown reflect changes in unrounded figures and may not agree
        to the percent changes in figures after rounding.
    **  Greater than 100 percent.


      Sabre Holdings Corporation
      Sabre Travel Network
      Booking Summary - 2Q 2003
      (millions)

                                         2Q03        2Q02     % Change

         Total Bookings                  89.1       106.4       (16.2%)

         Geographic
            US                           49.6        58.3       (15.0%)
            International                39.6        48.0       (17.6%)
                                         89.1       106.4       (16.2%)

         Channel
            Traditional Agency           78.3        94.0       (16.7%)
            Consumer on-line              8.2        10.4       (21.4%)
            Corporate on-line
             (GetThere)                   2.6         1.9        35.8%
                                         89.1       106.4       (16.2%)

         Air/Non-Air
            Air                          78.3        95.0       (17.6%)
            Non-Air                      10.8        11.4        (4.9%)
                                         89.1       106.4       (16.2%)

         Direct/Non-Direct
            Direct                       78.5        91.0       (13.7%)
            Non-Direct                   10.6        15.3       (31.1%)
                                         89.1       106.4       (16.2%)


      Sabre Holdings Corporation
      Sabre Travel Network
      Booking Summary - 2Q 2003
      (millions)

                                         YTD03       YTD02     % Change

         Total Bookings                  183.0       214.7       (14.8%)

         Geographic
            US                           100.4       119.3       (15.8%)
            International                 82.6        95.4       (13.5%)
                                         183.0       214.7       (14.8%)

         Channel
            Traditional Agency           160.9       191.6       (16.1%)
            Consumer on-line              16.9        19.4       (12.9%)
            Corporate on-line
            (GetThere)                     5.2         3.7        42.2%
                                         183.0       214.7       (14.8%)

         Air/Non-Air
            Air                          161.7       192.7       (16.1%)
            Non-Air                       21.3        22.0        (3.5%)
                                         183.0       214.7       (14.8%)

         Direct/Non-Direct
            Direct                       159.7       185.5       (13.9%)
            Non-Direct                    23.2        29.2       (20.5%)
                                         183.0       214.7       (14.8%)


      Sabre Holdings Corporation
      Non-GAAP Financials Reconciliations
      ($ in millions)

                                             3Q 2003           FY 2003
     Free Cash Flow Reconciliation           Guidance          Guidance
                                   2Q 2003  Low    High     Low       High
     Cash Provided (Used) by
      Operating Activities                                 $268.7    $283.1

     Reduction to Net Cash
      Provided by (Used In)
      Operating Activities
      but not reflected in Free
      Cash Flow
       Stock compensation                                     4.6       4.6
       Deferred income taxes                                 28.2      28.2
       Tax benefit from exercise
        of stock options                                      0.1       0.1
       Minority interests                                     1.4       1.4
       Add back synthetic lease
        refinancing                                          27.9      27.9
       Other                                                 (6.5)     (6.5)
       Working capital                                      (29.2)    (29.2)

     Cash outflows and inflows
      included in free cash
      flow but not reflected
      in Cash Provided (Used) by
      Operating Activities
       Capital Expenditures                                  90.0     100.0
       Other, net                                           (29.5)    (29.5)
     Free Cash Flow                                        $181.8    $186.2


     Adjusted EBITDA                         3Q 2003           FY 2003
      Reconciliation                         Guidance          Guidance
                                   2Q 2003  Low    High      Low      High
     GAAP Net Earnings              $6.8                   $107.3    $121.7
     Add: Taxes                      2.3                     56.8      64.4
     Add: Depreciation &
      Amortization                  30.7                    135.0     135.0
     Add: Interest Expense           5.3                     23.9      23.9
     Less: Interest Income          (4.0)                   (15.8)    (15.8)
     Add: Other, net                29.9                     29.5      29.5
     Adjusted EBITDA               $71.1                   $336.6    $358.6


     Net Earnings                              3Q 2003          FY 2003
      Reconciliation                          Guidance         Guidance
                          2Q 2002  2Q 2003  Low     High    Low       High
     GAAP Net Earnings     $68.0    $6.8   $21.7   $29.0   $107.3    $121.7
     Adjustments, net of
      taxes:
     Add: Amortization of
      intangibles, stock
      compensation and
      transaction fees
      from merger &
      acquisition activity  19.5     9.6     9.5     9.5     38.2      38.2
     Less: Restructuring
      charges               (2.2)   (0.6)    ---     ---     (0.6)     (0.6)
     Add: Other, net        (1.8)   17.4     ---     ---     17.6      17.6
     Less: one-time
      settlement             ---     ---     ---     ---    (22.5)    (22.5)
     Less: minority
      interests             (0.8)   (0.8)   (0.8)   (0.8)    (3.1)     (3.1)
     Adjusted net
      earnings             $82.7   $32.4   $30.5   $37.7   $136.8    $151.2

     Diluted share          145     143         145               144
      count               million million     million           million


     Operating Income                          3Q 2003          FY 2003
      Reconciliation                          Guidance         Guidance
                         2Q 2002 2Q 2003    Low     High    Low       High
     GAAP Operating
      Income              $104.3   $40.4   $36.5   $47.5   $203.0    $225.0
       Operating Margin    19.4%    8.0%

     Add: Amortization of
      intangibles, stock
      compensation and
      transaction fees
      from merger &
      acquisition activity  32.8    14.8    14.7    14.7     59.2      59.2
     Less: Restructuring
      charges               (3.5)   (0.9)    ---     ---     (0.9)     (0.9)
     Less: one-time
      settlement             ---     ---     ---     ---    (36.5)    (36.5)

     Adjusted Operating
      Income              $133.6   $54.3   $51.2   $62.2   $224.8    $246.8
       Operating Margin    24.9%   10.7%


     Operating Expenses                       3Q 2003          FY 2003
      Reconciliation                          Guidance         Guidance
                                  2Q 2003   Low     High    Low       High
     GAAP operating expenses      $466.8

     Less: Amortization of
      intangibles, stock
      compensation and
      transaction fees from
      merger & acquisition
      activity                     (14.8)
     Add: Restructuring charges      0.9
     Adjusted Operating Expenses  $452.9


     Depreciation & Amortization              3Q 2003          FY 2003
      Reconciliation                          Guidance        Guidance
                                  2Q 2003   Low     High    Low       High
     GAAP Depreciation &
      Amortization                 $30.7                   $135.0    $135.0

     Less: Amortization of
      intangibles from merger
      and acquisition activity     (11.6)                   (46.4)    (46.4)
     Adjusted Depreciation &
      Amortization                 $19.1                    $88.6     $88.6


                                              3Q 2003          FY 2003
     Revenue Reconciliation                  Guidance          Guidance
                                  2Q 2003   Low     High    Low       High
     GAAP Revenue                                        $2,015.2  $2,103.5

     Less: one-time settlement                              (36.5)    (36.5)

     Adjusted Revenue                                    $1,978.7  $2,067.0


     Sabre Travel Network                    3Q 2003          FY 2003
      revenue reconciliation                 Guidance         Guidance
                                  2Q 2003   Low     High    Low      High
     GAAP Revenue                                        $1,505.0  $1,559.6

     Less: one-time settlement                              (36.5)    (36.5)

     Adjusted Revenue                                    $1,468.5  $1,523.1
SOURCE  Sabre Holdings Corporation
    -0-                             07/17/2003
    /CONTACT:  media relations, Michael Berman, +1-682-605-2397, or investor
relations, Karen Fugate, +1-682-605-2343, both of Sabre Holdings Corporation/
    /Web site:  http://www.sabre-holdings.com/investor/index.html
                http://www.sabre-holdings.com /
    (TSG)

CO:  Sabre Holdings Corporation
ST:  Texas
IN:  CPR TRA LEI AIR
SU:  ERN ERP DIV

GN-AP 
-- DATH021A --
5868 07/17/2003 07:55 EDT http://www.prnewswire.com