MENLO PARK, Calif - OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles, today announced the promotion of Clive Kinross to president of OPENLANE, as well as the promotion of Peter Kelly to chief financial officer of OPENLANE, effective immediately. Both executives have been instrumental in establishing OPENLANE as a pioneer and innovator in the online wholesale automotive auction market and will help the company continue to capitalize on its compelling value proposition to both automotive consignors and dealers.

“Both Clive and Peter have made significant contributions to OPENLANE’s development and have helped establish the company as a leading online wholesale automotive auction. Their levels of passion and dedication to the company have been unparalleled as we have created and continue to grow the online wholesale automotive auction category,” said Roger Butterwick, CEO, OPENLANE. “As we continue to take advantage of that growth, we will look to their leadership to help us take OPENLANE to the next level.”

In his new role as president, Clive Kinross will oversee all sales, marketing, industry-facing and customer-facing activities for the company. He had previously served OPENLANE as executive vice president and president for OPENLANE Canada. Under his guidance OPENLANE has become a trusted partner to the used vehicle industry by making the purchase and sale of used vehicles easier, faster, and more efficient. A native of South Africa, Mr. Kinross trained as a chartered accountant and before co-founding OPENLANE was previously Vice President of Tri Continental Capital, after serving as Vice President at NSA Investments Ltd in South Africa. Mr. Kinross holds Bachelor degrees in commerce and accounting from the University of Witwatersrand.

As chief financial officer, Peter Kelly will oversee all financial, operations and technology activities for OPENLANE. Most recently, Mr. Kelly served as OPENLANE’s senior vice president of strategic initiatives, in which he oversaw the company’s strategic development, data and analytics, marketing, product management and program implementation. Before co-founding OPENLANE, he worked for Taylor Woodrow and as a consultant for McKinsey and Company. Mr. Kelly earned a first class honors degree in engineering from University College Dublin and holds an M.B.A. from Stanford University.

Both Mr. Kinross and Mr. Kelly will report directly to Roger Butterwick, CEO of OPENLANE.

This week a new company with a unique proposition for small to medium-sized businesses has appeared in the highly competitive business insurance sector. Coverzones has responded to significant demand from UK companies by launching a new online business insurance service allowing customers to compare quotes from the UK’s top commercial insurers. Unlike normal aggregator sites though, customers can also buy the insurance they need without leaving the website.

Research commissioned by Coverzones revealed that nearly half of the UK’s 4.5million small to medium-sized businesses (SME’s) would prefer to arrange their small business insurance online. According to the same research findings though, only 4% of them actually succeed in doing so.

In response to this demand Coverzones has launched a new online marketplace at www.coverzones.com to provide quick and easy access to a wide range of business insurance products from the UK’s major commercial insurance companies.

The new service provides SME’s with an online facility to rapidly identify the insurance needs for their particular business, research the market, compare products and prices and then make their purchase, all without leaving the site.

Simon Ball, chief executive of Coverzones said, “There is no reason why the business insurance market cannot emulate the success of the personal lines market in trading online. Coverzones will play a significant role in transforming the business insurance market for consumers by providing an easy to use, online marketplace offering real choice, coupled with the lower costs associated with buying direct and online”.

The company has taken a number of steps to simplify the purchase process including the development of a plain English, online assessment tool to help customers identify the insurance that they need. Coverzones have rationalised the questions that insurance companies ask to ensure that only the information needed to provide a tailor-made quote is collected.

Customers are able to get an unlimited number of free online quotations and store them in their own secure online account facility called MyCoverzones. Every customer can open a MyCoverzones account free of charge and it allows them to save their quotes and purchased policy documentation online. A MyCoverzones account allows customers to generate new quotes or review and make changes to their existing policies all in one place.

Steve Sherlock, chief marketing officer at Coverzones comments: “Coverzones offer a new and unique service for SME’s. We are focussed on simplifying the process of finding and buying business insurance so business consumers can be free and confident to arrange their business insurance independently”.

Coverzones is working in partnership with many of the UK’s major business insurance companies, as well as commercial insurance specialists. The business insurance products available from launch are provided by MMA, Groupama, HCC, Ambient and Flatfish. New product launches this summer will be supported by major brands such as Allianz, AIG, Hiscox, Brit and Sagicor.

ZOUCHENG, China, - Yanzhou Coal Mining Company Limited (NYSE: YZC) announces that, effective on June 27, 2008 (Eastern Standard Time), its ADS to H Share ratio will change from one (1) ADS representing fifty (50) H Shares to one (1) ADS representing ten (10) H Shares (”Ratio Change”). The Ratio Change will be effected with respect to holders of ADSs of record on May 28, 2008. The new ADSs will be distributed on July 3, 2008 (Eastern Standard Time). There will be no issuance of additional H Shares.

Background information:

Yanzhou Coal Mining Company Limited is the largest coal producer in Eastern China. The Company is principally engaged in the underground coal mining, preparation, processing and sales as well as the railway transportation of coal. The Company was established as a joint stock company incorporated in the People’s Republic of China on September 25, 1997. The Company successfully listed its ADSs on the New York Stock Exchange, Inc., its H Shares on The Stock Exchange of Hong Kong Limited, and its A Shares on the Shanghai Stock Exchange on March 31, 1998, April 1, 1998, and July 1, 1998, respectively. For further queries, please visit http://www.yanzhoucoal.com.cn/English/index.asp .

MILL VALLEY, Calif. - The CEOs of two American companies in the cloning field, BioArts International and Start Licensing, today independently announced their opposition to the unlicensed activity of a third company based in South Korea: RNL Bio.

RNL Bio recently announced the cloning of dogs intended for detecting cancer, offering to sell them for USD 500,000 apiece, after previously announcing a plan to clone pet dogs. However, animal cloning technology – including that used by RNL - is patented throughout most of the developed world, including South Korea, and these patents are controlled by Start Licensing. BioArts has the sole, worldwide license from Start to clone dogs.

“RNL has no right to offer this service, and is practicing black market cloning,” said Lou Hawthorne, CEO of BioArts. “Good international relations in the 21st Century depend on respect for intellectual property. By claiming the right to exploit technology that they did not invent and do not own, RNL demonstrates arrogance on an international scale. If RNL does not respect Western patents, does this mean that Western companies are free to disregard patents granted to Korean companies?”

“Start will consider all available legal remedies to protect and preserve its patent rights,” said Jonathan Thatcher, President of Start Licensing, “including the remedy of blocking importation of products produced under the patented methods into jurisdictions where such remedies are available.”

“Individuals who wish to clone a beloved dog have only one legal option,” said Hawthorne, “and that’s our Best Friends Again program, described at www.bestfriendsagain.com. Organizations that wish to clone dogs for other purposes, including medical applications, should contact BioArts.”

The role of Seoul National University (SNU) in this developing situation is unclear. JoongAng Daily, a South Korean newspaper, quoted SNU officials on May 20th as saying they were canceling plans to form a commercial dog cloning entity due to concerns over Start Licensing’s patents; however, ongoing dog cloning activities of RNL are allegedly enabled by University facilities and staff – several of whom are major shareholders in RNL.

BioArts International partnered with Sooam Biotech Research Foundation of South Korea following Sooam’s successful cloning in 2007 of Hawthorne’s family dog, Missy – fulfilling the world’s first commercial dog cloning order. BioArts recently announced plans to sell 5 dog cloning slots in an auction to be held July 5th-9th. Details can be found at www.bestfriendsagain.com. More information on BioArts is available at http://www.bioarts.com.

Company Named Best Supplier Support and Enrollment Provider by Global Finance Magazine

SUNNYVALE, Calif. - Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced that it has been recognized as one of the world’s best supply chain finance solutions. As part of Global Finance Magazine’s 2008 Best Supply Chain Providers awards, Ariba has been named Best Global Supplier Support and Enrollment Provider. Ariba was selected by a group of industry analysts, corporate executives and technology experts based on its market share, product innovation, customer services, technology, execution and customer successes.

“Supply chain financing is becoming a highly competitive space with a mixture of both banks and non-banks providing financing and web-based tools designed to enable buyers to extend their Days Payable Outstanding (DPO) while enabling their network of suppliers to get paid earlier and gain access to more affordable lines of credit,” said Joseph Giarraputo, publisher and editorial director of Global Finance. “Through their solutions, the companies recognized as part of our inaugural Best Supply Chain Finance Providers awards are helping buyers and their global networks of suppliers achieve real cost benefits, savings and efficiencies that enhance their operations and competitive advantage.”

Ariba provides a comprehensive range of on-demand spend management solutions that enable large and growing enterprises to develop and implement a highly integrated cash management strategy while improving the efficiency of the entire procure-to-pay cycle. Delivered via the Ariba® Supplier Network™, Ariba’s Invoice and Payment™ solutions, for instance, effectively enable companies to optimize their invoicing and reconciliation processes to achieve straight through processing and generate measurable and sustainable results, including:

Reduction of paper invoicing volume by more than 60 percent.
Decrease in PO-Invoice error rates by over 50 percent.
Trimming of invoice & payment cycle times by 75 percent.
Capture of negotiated and early-pay discounts otherwise lost to manual processes
Bulk enablement of several thousand suppliers in months rather than years
And with built-in working capital management and dynamic discounting capabilities, the Ariba Supplier Network also enables suppliers to better manage receivables-based working capital and reduce Days Sales Outstanding (DSO) and buyers to lower overall costs.

“At Ariba, we are focused on enabling entire supply chains to optimize their capital, accomplish more with less, and not merely survive the tough economic times, but thrive in them,” said Bob Solomon, Senior Vice President and General Manager, Ariba Supplier Network. “We are pleased to be recognized by Global Finance Magazine for our efforts and will continue to push the envelope in developing and delivering solutions that allow buyers and suppliers to reduce risk, lower capital costs and preserve competitive advantage.”

Over 900 companies worldwide, including more than half of the Fortune 500, rely on Ariba to reduce costs, improve profits and increase competitive advantage. To learn more about Ariba’s solutions and the results they can deliver, please visit www.ariba.com.

About Ariba, Inc.

Ariba, Inc. is the leading provider of spend management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management™ software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com.