Small-Caps to Watch:  

LaserCard (Nasdaq: LCRD) and Sonus Networks (Nasdaq: SONS)

In response to the growing demand for secure, counterfeit-resistant card technology with high data storage capacity, LaserCard Corporation has attained unsurpassed expertise in all aspects of designing, integrating, delivering, and implementing optical memory-based ID systems. From card design through manufacture, LaserCard Corporation  supports card issuers and their contractors in delivering solutions on time and within budget.

Website: www.lasercard.com

Press Release: LaserCard Corporation Announces Orders for $15 Million in Optical Memory Cards for Two Secure National ID Programs in Italy

LCRD announced receipt of a purchase order for $15 million of LaserCard optical memory cards for use in Italy's two national ID programs -- the citizen ID card and the new foreign worker ID card. $7 Million for Citizen ID Cards and $8 Million for New Foreign Worker ID Cards.

The foreign worker card program was mandated by the Italian parliament in late 2004. This is the first order received by LaserCard for this new program. Most of the foreign worker cards will be valid for two years and then will need replacing if the cardholder wishes to continue to work legally in Italy while, a smaller percentage, expected to be about ten percent, will be valid for only one year before they need to be replaced. Deliveries under the foreign worker ID program are scheduled to be completed in April, 2006. The Company anticipates that shipments of foreign worker ID cards will represent up to $5 million in revenues per year once the program is fully implemented.

The order for citizen ID cards follows the completion of two experimental phases during which LaserCard supplied more than two million cards. In May 2005, the Italian legislature decreed that paper-based citizen IDs can no longer be issued after January 1, 2006. Under the new purchase order, deliveries of cards for the citizen ID program are scheduled to be completed by LaserCard in December, 2005. The Company believes that full implementation of the citizen ID program will result in card shipments valued at approximately $40 million per year. The Italian government is currently planning for the entire adult population to have new citizen IDs within about six years. The citizen card has a five-year validity period after which the citizen will require a new card.

Sonus Networks (SONS) 

With Open Services Architecture (OSA), Sonus delivers end-to-end solutions addressing a full range of carrier applications, including trunking, residential access and Centrex, tandem switching, and IP voice termination, as well as enhanced services. Sonus' award-winning voice infrastructure solutions, including media gateways, softswitches and network management systems, are deployed in service provider networks worldwide.

Press Release: Sonus Networks Reports 2005 Second Quarter Financial Results 

Revenues for the second quarter of fiscal 2005 were $58.1 million compared with $33.6 million in the first quarter of fiscal 2005 and $42.4 million for the second quarter of fiscal 2004. Net income for the second quarter of fiscal 2005 was $9.7 million or $0.04 per diluted share compared with a net loss for the first quarter of fiscal 2005 of $3.7 million or $0.01 per diluted share, and compared with net income of $4.9 million or $0.02 per diluted share for the second quarter of fiscal 2004.

"The expanded demand for our VoIP solutions over the last several quarters and our focus on execution resulted in a strong second quarter and first half of 2005 for Sonus," said Hassan Ahmed, chairman and CEO, Sonus Networks. "We also are pleased to have expanded our customer base and to have introduced several new products reflecting an increased pace of innovation on which we will continue to build our leadership position in the industry during the second half of 2005 and beyond."

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