01Basic and diluted net loss per common share 7

Settlement of Class Action Lawsuit Makes Monetary Benefits Available forMissourians Who Received Unsolicited Facsimile AdvertisementsSPRINGFIELD, Mo., Jan. 12 /PRNewswire/ The Circuit Court of Greene CountyMissouri has preliminarily approved settlement of a class action lawsuitagainst International Collection Services of Minnesota for sending unsolicitedfacsimile advertisements to Missourians.The lawsuit, Top Craft v.ICS allegedthat International Collection sent thousands of unsolicited facsimileadvertisements in violation of the Telephone Consumer Protection Act (TCPA). All Missourians who were sent the unsolicited facsimiles between May 1, 2003and May 1, 2004 may receive up to $500 as part of the settlement. A website has been created to provide more details about the settlement tomembers of the class, including how to file a proof of claim and how to beexcluded from the case.It is located at can also contact the Claims Administrator, Class ActionAdministration, Inc. toll-free at (866) 802-7918.SOURCEClass Action Administration, Inc.CONTACT:Matthew Pohl of Class Action Administration, Inc., 1-720-540-4422;or Noah K Wood of Wood Law Firm, LLC, 1-816-256-3582.

COSTA MESA, Calif., Jan. 12 /PRNewswire-FirstCall/ Irvine SensorsCorporation (Nasdaq: IRSN) today reported operating results for fiscal 2008,the 52 weeks ended September 28, 2008 Optex Sytems, Inc. Irvine Sensors Corporation, headquartered in Costa Mesa, California, is avision systems company engaged in the development and sale of miniaturizedinfrared and electro-optical cameras, image processors and stacked chipassemblies and research and development related to high density electronics,miniaturized sensors, optical interconnection technology, high speed networksecurity, image processing and low-power analog and mixed-signal integratedcircuits for diverse systems applications.IRVINE SENSORS CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS Fiscal Year EndedSeptember 28, September 30, October 1, 2008 2007 2006Revenues:Contract research and development revenue$14,157,900$17,137,700 $16,503,700Product sales 2,489,1003,210,900 1,510,300Other revenue30,000 29,80058,800Total revenues 16,677,000 20,378,40018,072,800Cost and expenses:Cost of contract research and development revenue 11,339,000 13,550,10013,588,500Cost of product sales 1,885,6002,490,300 1,468,900General and administrative expense8,932,4009,208,800 8,169,200Research and development expense1,512,5001,119,800 353,700Total costs and expenses 23,669,500 26,369,00023,580,300Loss from operations (6,992,500)(5,990,600) (5,507,500)Interest expense (6,100,200)(7,026,800) (1,227,700)Loss on extinguishment of debt - (4,398,000)-Settlement fee on debt default(1,250,000)Change in fair value of derivative instrument(317,800)Gain on disposal of assets315,6004,700 1,100Interest and other income 2,4006,300 3,800Loss from continuing operations before minority interest and provision for income taxes (12,774,700) (17,404,400) (8,298,100)Minority interest in loss of subsidiaries200500 300Provision for income taxes(25,500) (38,500)(36,300)Loss from continuing operations (12,800,000) (17,442,400) (8,334,100)Discontinued operations:Loss from operations of discontinued operations (1,158,900)(4,688,700)(16,600)Loss on disposal of discontinued operations (7,600,000) - -Loss from discontinued operations(8,758,900)(4,688,700)(16,600)Net loss $(21,558,900)$(22,131,100)$(8,350,700)Basic and diluted net loss per common share information:From continuing operations $(4.35)$(7.16) $(4.25)From discontinued operations(2.94) (1.92)(0.01)Basic and diluted net loss per common share $(7.29)$(9.08) $(4.26)Weighted average number of common shares outstanding2,980,1002,436,400 1,959,600IRVINE SENSORS CORPORATIONCONSOLIDATED BALANCE SHEETSSeptember 28,September 30, 20082007 Assets Current assets:Cash and cash equivalents$638,600$937,600Restricted cash41,70039,600Accounts receivable, net of allowance for doubtful accounts of $15,000 and $15,000, respectively662,400 1,571,000Unbilled revenues on uncompleted contracts, net of allowance of $18,400and $0, respectively1,279,700 1,289,300Inventory, net1,126,900 898,900Prepaid expenses and other current assets64,80057,000Current assets of discontinued operations 7,494,700 8,678,000Total current assets 11,308,80013,471,400 Property and equipment, net4,328,300 5,405,000 Intangible assets, net 1,005,500 1,183,900 Deferred costs 260,100 587,200 Deposits 101,00065,800 Non-current assets of discontinuedoperations5,880,30013,717,100Total assets$22,884,000 $34,430,400 Liabilities and Stockholders' Equity(Deficit) Current liabilities:Accounts payable $4,047,100$2,514,200Accrued expenses4,595,200 2,321,500Success fee payable to related party- 500,000Accrued estimated loss on contracts 144,500 200,100Advance billings on uncompleted contracts 21,900 378,100Deferred revenue385,000 156,500Income taxes payable 14,40031,400Restructured debt, net of discounts11,788,800 -Promissory note payable - related party 400,000 400,000Subordinated term loan - related party2,000,000 -Capital lease obligations - current portion 29,10040,300Current liabilities of discontinued operations 4,009,600 5,043,100Total current liabilities27,435,60011,585,200 Restructured debt, net of discounts-10,869,300 Subordinated term loan - related party - 2,000,000 Deferred interest- 1,241,200 Executive Salary Continuation Planliability 3,484,800 3,800,500 Capital lease obligations, less currentportion11,20045,000 Minority interest in consolidatedsubsidiaries411,600 411,900Total liabilities31,343,20029,953,100 Commitments and contingencies Stockholders' equity (deficit):Preferred stock, $0.01 par value, 1,000,000 and 500,000 shares authorized, respectively; 126,000 and 0 shares issued and outstanding, respectively 1,300 -Common stock, $0.01 par value, 150,000,000 and 80,000,000 shares authorized, respectively; 3,557,200 and 2,684,300 shares issued and outstanding, respectively 35,60026,800Common stock warrants; 717,900 and 614,500 warrants outstanding, respectively - -Deferred stock-based compensation(183,200) (299,700)Common stock held by Rabbi Trust (1,214,100) (1,115,100)Deferred compensation liability 1,214,100 1,115,100Paid-in capital 159,901,000 151,405,200Accumulated deficit(168,213,900) (146,655,000)Total stockholders' (deficit) equity (8,459,200)4,477,300$22,884,000 $34,430,400SOURCEIrvine Sensors CorporationIrvine Sensors Corporation, Investor Relations, 1-714-444-8718,. Luxury High-Rise Hotel Celebrates Grand OpeningFORT WORTH, Texas, Jan. 12 /PRNewswire/ The years of anticipation haveproven to be well worth the wait as the luxurious Omni Fort Worth Hotelcelebrates its ceremonial opening today.The hotel epitomizes the city ofcowboys and culture.Wrapped in glass and sculpted from native stone and richhardwoods, the 614-room hotel was constructed with a unique design and stylethat draws upon Fort Worth's cultural roots and bold Texas flavor to create anunforgettable atmosphere.The stunning new property not only rebrands theskyline but serves as the unofficial "living room" of Fort Worth.Inside andout, the hotel is quintessential Western Chic, with a comfortable elegancethat characterizes the public spaces, amenities and restaurants as well as themeeting and guest rooms.Big even by legendary "Lone Star" standards, theOmni Fort Worth Hotel features almost 68,000 square feet of meeting and eventspace.Equally appealing is the new hotel's proximity to other attractions, as itsits directly across from the Fort Worth Convention Center and lies withineasy walking distance of the city's thriving cultural centers, restaurants andnightlife.Today the Omni Fort Worth Hotel celebrated a truly grand opening with aceremony and champagne reception, unbolting the doors to the hotel via anoversized Western-themed belt buckle.In a special program, Robert Rowling,Chairman, TRT Holdings; Fort Worth Mayor Mike Moncrief; Ed Netzhammer, GeneralManager, Omni Fort Worth Hotel; and former Texas Secretary of State RogerWilliams addressed a crowd that included community leaders, Omni associatesand many other attendees and guests involved with the opening of the hotel."This is an exciting day for Omni Hotels and the city of Fort Worth," said EdNetzhammer, general manager of the Omni Fort Worth Hotel."Since breakingground on the hotel, we have formed tremendous partnerships within thecommunity and have watched a wonderful relationship blossom between thisremarkable city and the hotel." "The Omni Fort Worth Hotel has changed the downtown skyline forever," saidFort Worth Mayor Mike Moncrief."While there has been so much growth in FortWorth, our capacity to support the demand for convention business has finallybeen fulfilled.Omni is an unbelievable partner that has built one of itsgreatest hotels right here in Fort Worth.We look forward to many successfulyears working with their team."In honor of the hotel's opening and as a gesture of community appreciation,the Omni Fort Worth Hotel is offering a "Worth the Wait" guest packageexclusively for Texas residents.The package includes deluxe accommodationsat $99 per night, available only on Friday or Saturday nights.The offerbegins Saturday, January 31st and is valid through Saturday, February 28th,2009 for a select number of guest rooms.

From the ground up, the hotel has celebrated many milestones.Major landmarkdates for the property include:Aug. 21, 2006: Omni Hotels breaks ground in Fort Worth on a conventioncenter luxury hotel.Feb. 27, 2007: Omni Hotels names the first two associates for the newOmni Fort Worth Hotel: Ed Netzhammer, general manager, and Larry Auth,director of sales and marketing.June 8, 2007: Omni Fort Worth Hotel begins offering $50,000 in meetingincentives as part of meeting planners' sweepstakes.July 12, 2007: Omni Hotels announces the grand opening of the 1301Throckmorton sales center for the 89-unit residential development thatwill sit above the Omni Fort Worth Hotel.April 9, 2008: Omni Fort Worth Hotel is named the exclusive cateringpartner of the Fort Worth Convention Center.April 28, 2008: Omni Fort Worth Hotel is topped off, and the 89 luxuryresidences at 1301 Throckmorton begin to take shape atop the hotel.June 24, 2008: Omni Fort Worth Hotel introduces a revolutionary newgratuity system empowering meeting organizers to compensate food andbeverage teams based on the level of service provided versus thestandard practice of a built-in percent gratuity.July 11, 2008: Omni Fort Worth Hotel and the internationally acclaimedKimbell Art Museum finalize a partnership giving the museum gift shopasecond home at the new luxury hotel.Aug. 13, 2008: Omni Fort Worth Hotel and the residences at 1301Throckmorton celebrate the topping off of the entire structure.Oct. 2, 2008: Omni Fort Worth Hotel finalizes a pioneering agreementtopurchase one of the very first stylish, more eco-friendly 2009EscaladeHybrids for its guest transportation and as part of its sustainabilityinitiatives.Jan. 12, 2009: Omni Fort Worth Hotel celebrates its grand opening withribbon cutting ceremony and champagne reception.The opening of the Fort Worth property is another milestone in a period ofaggressive strategic growth for Omni Hotels.In November 2008, Omni Hotelsannounced that the brand was recommended by the City of Dallas EconomicDevelopment Committee to become the operator for the 1,000-room DallasConvention Center Hotel, slated to open in 2012.Earlier this month, Omnialso became the long-term operator of the renowned Omni Bedford Springs Resort& Spa located in Pennsylvania's scenic Cumberland Valley.For reservations at the Omni Fort Worth Hotel, guests can call 1-800-THE-OMNIor visit The Omni Fort Worth Hotel The breathtaking Omni Fort Worth Hotel offers an original taste of Texashospitality.Standing across from the Fort Worth Convention Center, the hotelis within walking distance of the city's burgeoning cultural centers,restaurants and nightlife, and offers a casual yet sophisticated style and apersonality that is as gracious and dynamic as Fort Worth itself.The OmniFort Worth Hotel consists of 614 guest rooms and suites featuring exceptionalnatural linens, saddle-blanket throws and stitched pillows.The luxury hotelalso boasts fine culinary selections including the renowned Bob's Steak & ChopHouse, Wine Thief wine bar, Whisky & Rye sports lounge and Cast IronRestaurant for a casual dining experience.Included among the hotel's 68,000 square feet of meeting and event space are29 meeting rooms including the grand Texas Ballroom, which alone encompasses18,788 square feet. Residents of the 89 luxury units being built atop the Omni Fort Worth Hotelwill enjoy the ease and convenience of all hotel services and an array ofluxurious dining options.Bob's Steak & Chop House, Wine Thief wine bar and afull-service Starbucks will be on-site and easily accessible to residents.

The residences will offer stunning views of the Fort Worth skyline, as well asthe private residence rooftop pool and terrace.Sculpted from native stone,rich hardwoods and wrapped in glass, the residences will create a rustic yetrefined feel. Each residence was designed by Faulkner Design Group and everydetail was taken into consideration to ensure a complete luxury experiencewith a Fort Worth flare.About Omni HotelsOmni Hotels creates compelling, memorable guest experiences at 43 luxuryhotels and resorts in leading business gateways and leisure destinationsacross North America.From exceptional golf and spa retreats to dynamicbusiness settings, each location features four-diamond services, includingaward-winning signature restaurants, Wi-Fi connectivity and unique fitnessoptions.Omni's mission for total customer service is further supported byits "Power of One" program that empowers associates to make on-the-spotdecisions to meet or exceed guest expectations.Guests can locate hotels andbook accommodations by visiting or by calling1-800-THE-OMNI.SOURCEOmni HotelsCaryn Kboudi of Omni Hotels, 1-972-871-5625, ; orBrandon Smulyan of Weber Shandwick, 1-469-375-0258,, for Omni Hotels. The NBA season is well under way and with Byron Scott's firing we have our first coaching change. As we lean back to enjoy the balance of the season, I offer the following comments.Lebron James is politicking for the retirement of Michael Jordan's number, presumably with the foresight that the NBA will, one day, consider retiring whatever number he now chooses to wear. Michael Jordan was a great player, arguably the greatest in the history of the pro game but there are others who factor into the conversation, many of whom have given back to the game far more than Jordan, who, upon being inducted into the Hall of Fame, provided fans with one of the poorest acceptances of all times, an indication of the bitterness that the man maintains One guy who has never gotten his due is Kareem Abdul Jabbar. He was a winner at all levels and yet was never given the opportunity to even coach in "the league" and retiring his number would also allow Larry Bird's number to be retired.