Culture News Blog

July 3, 2008 -- Cody Ventures Corporation (PINK SHEETS:CVCP) announcedtoday a relaunch date for their flagship property, TheOuterPost.Com.The company stated that they will be relaunching the second phase oftheir social networking website on August 31st, 2008. The website willbe completely redesigned and will have several new and unique features.The Outer Post will be relaunched as a "social commerce" website withall of the members having the capability of building a store on theirhomepage in order to sell their intellectual and creative property. Thewebsite will transfer all of its current members seamlessly and willkeep to its niche of "young creative types" while offering morefeatures to continue website growth and excitement. The art, fashion,music and culture pages will offer more unique multimedia content whilethe other user pages will be updated with new designs and communicationfeatures, including a brand new instant messaging and group chatsystem. The Outer Post will also offer a new text messaging platformwhere users can text anyone in their fan club at no cost to them. TheOuter Post relaunch will also include a new advertising platformincluding banner ads and text messaging ads, in addition to transactionfees for users selling their items on the website that will all work toincrease website revenue.

July 3, 2008 -- GoFish Corporation (OTCBB: GOFH, www.gofishcorp.com), aleading online youth entertainment and media network, has closed theremaining $2 million portion of a previously announced privateplacement financing totaling $3.5 million. The financing, including theinitial $1.5 million announced in April 2008, has now been fullysubscribed. In this second closing, GoFish sold to certain accreditedinvestors unsecured convertible original issue discount notes due June8, 2010, with proceeds of $2 million to GoFish (prior to the payment ofapproximately $32,000 in fees related to the transaction) and relatedwarrants for investors to purchase an aggregate of 2,284,414 shares ofGoFish common stock with an exercise price of $1.75. The notes, whichmature on June 8, 2010, are discounted 15% from their respectiveprincipal amounts and can be converted into shares of GoFish commonstock 181 days after the date of issuance at a conversion price of$2.06 per share. Both the notes and the warrants have certainanti-dilution protections. Several employees and affiliates of GoFishparticipated in the second closing and acquired notes with a purchaseprice of $1,125,000 and warrants to purchase 1,284,982 shares of GoFishcommon stock. "This financing will help us to continue establishingGoFish's dominance as a thought leader in immersive online brandadvertising targeting youth and moms," said Matt Freeman, CEO of GoFish.

July 3, 2008 -- CSC (NYSE: CSC PowerRating) announced today that it has signed anew information technology (IT) outsourcing contract with Urenco, aleading supplier of enriched uranium to nuclear power utilitiesworldwide. The new six-year agreement, which is valued at US$22 million(10.9 million pounds sterling), follows a seven-year, 23 million poundssterling IT outsourcing contract Urenco awarded to CSC in March 2007.CSC currently provides Urenco with a full range of IT services,including desktop support, help desk services, applications developmentand network support, in support of its global transformation program toalign best-of-breed processes across all of its plants. With the newagreement, CSC will expand coverage to include Urenco's wholly ownedsubsidiary LES, which is responsible for the building and operation ofUrenco's new National Enrichment Facility in New Mexico, U.S. The newfacility, which is Urenco's first U.S.-based plant, is the first majorcommercial nuclear facility to be licensed in the U.S. in 30 years andis scheduled to open in 2009. CSC also supports the company'soperations in Washington, D.C., and in the UK, the Netherlands andGermany. "Urenco is the supplier of choice for nuclear fuel worldwide,"said Helmut Engelbrecht, Urenco chief executive officer. "Our strategyof 'growth through investment' has continued to prove successful byproviding nuclear fuel services close to our customer base. Acomprehensive global IT service is an essential factor in supportingour international operations and planned future expansion." "We arepleased to broaden our relationship with Urenco," said Guy Hains,president of CSC's European Group. "CSC's significant expertise in thenuclear industry and track record in modernizing and integratingapplications to drive innovation will help Urenco achieve its criticaltransformation program goals."

July 3, 2008 -- SourceForge, Inc. (NasdaqGM:LNUX), the leader incommunity-driven content and media, today announced the finalists ofits third annual SourceForge.net Community Choice Awards. The CommunityChoice Awards allow the open source community to recognize its mostinnovative projects through an open nomination and voting process. Thisyear, projects outside of SourceForge.net are eligible to win, ensuringthat the voice of the community is heard broadly and withoutlimitation. During the month-long nomination phase, the community chosefinalists in each category. The voting phase, which is open until July18, 2008, will determine each category's final winning project. Winnerswill be announced on July 24, 2008 at the awards party hosted bySourceForge at the Jupiter Hotel in downtown Portland, OR. "Open sourceis built on a spirit of collaboration, so it makes sense that we honorour best and brightest through collaborative choice," said Ross Turk,SourceForge.net Community Manager. "The community has nominated moreprojects this year than ever before, and our list of finalists isdiverse enough to ensure some pretty close races. I think every vote isgoing to count!"

Market Wrap for July 3, 2008: After opening appreciably higher, thestock market closed Thursday just above the unchanged mark asparticipants traded listlessly in a shortened session just ahead of theIndependence Day holiday. The Nasdaq, however, finished with a loss asweakness in the semiconductor industry weighed on the index. Notably,the latest batch of economic data also failed to spur buying interest.

The stock market fell to just above the 1250 mark shortly after openingbell, but was able to climb into positive ground amid broad-basedgains. Still, the advance was limited as leadership failed to emerge.Action in the largest sector, technology (+0.1%), was offset by energy(-0.5%), which is the second-largest economic sector.

Technology's advance was held in check by weakness among semiconductorcompanies. NVIDIA (NVDA 12.49, -5.54) plummeted 30% after providing adisappointing outlook to its investors after yesterday's close. Sharesof Intel (INTC 20.66, -0.27) also dipped in response to theannouncement.

While economic news did little to kick start buying, it did not turnparticipants away. The unemployment rate for June came in at 5.5%,exceeding the 5.4% rate that was expected. Nonfarm payrolls fell by62,000 during the month, unchanged from the prior month, but a bit morethan economists expected. Jobless claims for the week ending June 28totaled 404,000, reflecting a loosening labor market. The week's claimstopped the 385,000 claims economists expected and were up from theprior week. Importantly, the data are consistent with a modestlygrowing economy and are not far enough from expectations to alter suchan economic outlook.

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