PhotoChannel Reports Profitable First Quarter

Record Revenues and Record EBITDA for Q1 Fiscal 2009
PhotoChannel Networks Inc. (TSX VENTURE: PN)(OTCBB: PNWIF), the leading innovator in digital photography and media solutions for retailers, reports its financial results for the first quarter of fiscal 2009 for the period ended December 31, 2008. All amounts are expressed in Canadian dollars. The following discussion is qualified in its entirety by reference to the company's financial statements and accompanying management discussion and analysis, which are accessible on the SEC'S website at www.sec.gov/edgar.shtml and on SEDAR at www.sedar.com.

FIRST QUARTER FISCAL 2009 HIGHLIGHTS
- Net profit of $940,644 versus a loss of $1,082,600 for the comparable period of fiscal 2008

Exar Corporation Signs Definitive Agreement to Acquire Hifn, Inc.

- Expands Growth and Product Opportunities in the Communications,  Storage and Security Markets
- Synergistic Combination of Mixed-Signal Technology with High Value System Solutions Delivers Optimized Connectivity Products
- Uniquely Positioned to Address Emerging Deduplication and Secure Backhaul Applications

Exar Corporation (Nasdaq: EXAR) and Hifn, Inc. (Nasdaq: HIFN) announced today that they have signed a definitive agreement under which Exar will acquire Hifn. Under the terms of the agreement, which was unanimously approved by the board of directors of each company, Exar will acquire all of the outstanding shares of Hifn common stock pursuant to an exchange offer, followed by a second step merger.

Court Grants Rambus Supplemental Damages in Hynix Case and Orders Negotiation of Compulsory License

Rambus Inc. (Nasdaq: RMBS), one of the world’s premier technology licensing companies specializing in high-speed memory architectures, today announced that the U.S. District Court for the Northern District of California has granted its request for supplemental damages following an earlier jury verdict finding nine Rambus patents valid and infringed by Hynix SDRAM products. According to the order, Hynix is to pay Rambus royalties of 1% for SDR SDRAM products and 4.25% for DDR SDRAM products made, used, or sold in the United States after December 31, 2005. DDR SDRAM products include DDR SDRAM, DDR2 SDRAM, DDR3 SDRAM, GDDR SDRAM, GDDR2 SDRAM, GDDR3 SDRAM, and DDR SGRAM. These supplemental damages are in addition to those previously awarded in the amount of $133M for Hynix’s infringement through December 31, 2005.

Tata Communications Partners With Digital Realty Trust For DatacentreSM Lease Agreement In The UK

Dublin, Ireland and London, England – February 23, 2009 – Digital Realty Trust, Inc. (NYSE: DLR), the world’s largest wholesale datacentre provider, has completed a Turn-Key Datacentre^SM lease agreement with Tata Communications, a provider of a new world of communications and the global telecommunications arm of the $62.5 billion Tata Group, one of India’s oldest, largest and most respected business conglomerates. As per the agreement, Tata Communications will establish a new datacentre at a Digital Realty Trust facility in the UK to support its global IT infrastructure.