Line of the NightSabathia 7 IP H zeroes 2 BB 8 KTO the Gulfstream unit of GeneralDynamics Corp GDThose Jets of the past can stay in the pastThis modern day Achilles' heel must be overcomeAlabama 42 Kentucky 17Ole Miss Rebels 9That signifies one thing poor mental focusThe German government is split on the issue16 billion and coalsales volumes increased 91apg Oden is going to be the next great center in the NBA everyone doingthe Right things and doing them Right at the Right timeFifty percent of the proceeds from sales of the cardswent directly to the Marine Toys for Tots Foundation. Donations were notedby printing the Toys for Tots logo on the backside of their holiday cardsand the amount donated. Both the cards themselves and the backsidedonation option were embraced by VistaPrint customers.The objectives of the Marine Toys for Tots Foundation are the same asthose of the overall Toys for Tots Program: to help less fortunatechildren throughout the United States experience the joy of Christmas; toplay an active role in the development of one of our nation's mostvaluable resources our children; to unite all members of localcommunities in a common cause for two months each year during the annualtoy collection and distribution campaign; and to contribute to improvingcommunities in the future.VistaPrint offers small businesses peace of mind by providing everythingthey need to market their business. Products include high-quality andlow-cost printed products such as business cards, brochures, printpostcards, and gift certificates; promotional apparel including hats andT-shirts; and marketing services such as copywriting, Websites, designand postcard mailing. VistaPrint offers smallbusinesses the ability to market their business with a broad range ofbrand identity and promotional products, marketing services and electronicmarketing solutions. A global company, VistaPrint employs more than 1,600people and operates 19 localized Websites serving over 120 countriesaround the world. 
A broad range of marketing products and services areavailable online at VistaPrint's products aresatisfaction guaranteed.About The Marine Toys For Tots FoundationThe Marine Toys for Tots Foundation is a not for profit organizationauthorized by the U.S. Marine Corps Reserve to provide fundraising andother necessary support for their annual Toys for Tots Program. Now in its62nd year, Toys for Tots provides hope and happiness to economicallydisadvantaged children through the gift of a shiny new toy during theChristmas holiday season. Our gifts offer these children recognition,confidence and a positive memory they will cherish for a lifetime. In 2008, Marines distributed gifts to morethan 7.5 million children in over 650 communities nationwide. The MarineToys for Tots Foundation relies on individual donations from the Americanpublic and is supported by corporate sponsorships. For more information,visit and the VistaPrint logo are registered trademarks ofVistaPrint.
All other brand and product names appearing on thisannouncement may be trademarks or registered trademarks of theirrespective holders.Contact:Jason Keith/Jeff EspositoVistaPrint781-652-6444Email ContactCopyright 2009, Market Wire, All rights reserved.-0-. TULSA, Okla., Jan 29 /PRNewswire-FirstCall/ Helmerich & Payne, Inc. (NYSE:HP) reported record net income of $145,275,000 ($1.36 per diluted share) fromoperating revenues of $623,754,000 for its first fiscal quarter ended December31, 2008, compared with net income of $107,830,000 ($1.02 per diluted share)from operating revenues of $456,663,000 during last year's first fiscalquarter ended December 31, 2007.Included in this year's first quarter netincome are after-tax gains from insurance proceeds and the sale of drillingequipment of $753,000 ($.01 per diluted share).Last year's first quarter netincome included $3,714,000 ($.03 per diluted share) of gains from the sale ofportfolio securities, insurance proceeds and drilling equipment.Segment operating income for U.S. Land segment, approximately 56 of the Company's potential revenuedays for the remainder of fiscal 2009 are committed to work for customersunder term contracts, and approximately 42 are committed during fiscal 2010.President and C.E.O. Hans Helmerich commented, "Exploration and productioncompanies are currently being very aggressive about reducing their drillingplans in the near term, responding to the double blow of depressed energyprices and dysfunctional credit markets.Given the speed and severity of thecurrent pullback, it is difficult to predict when supply and demand willreturn to a better balance.Until then, customers seem to be waiting to seewhere commodity prices stabilize before making final determinations concerningthis year's spending plans."Segment operating income for the Company's offshore operations was $14,710,000for this year's first quarter, compared with $4,114,000 for last year's firstquarter and $13,664,000 for last year's fourth quarter.Rig utilization inthe offshore segment was 89 during this year's first quarter, compared with56 during last year's first quarter and 89 during last year's fourthquarter.As compared to the preceding quarter, average rig margins per dayduring this year's first quarter increased by $1,191 to $23,589.Eight of theCompany's nine offshore platform rigs were active in the first quarter, andthe ninth rig began receiving stand-by revenue in January 2009 and is expectedto commence drilling operations in the third fiscal quarter. Segment operating income for the Company's international land operations was$22,628,000 for this year's first quarter, compared with $21,156,000 for lastyear's first quarter and $18,573,000 for last year's fourth quarter.
Rigutilization in this segment was 98 during this year's first quarter, comparedwith 81 during last year's first quarter and 97 during last year's fourthquarter.Average rig margins per day during this year's first quarterincreased by $1,173 to $12,417 in this segment as compared to the precedingquarter.International markets, however, have experienced reduced drillingactivity, and seven of the Company's international land rigs are idle as ofJanuary 29, 2009.The Company expects additional rigs to become idle duringthe second fiscal quarter, especially in Venezuela.All eleven of theCompany's rigs in Venezuela were active during the first fiscal quarter. However, accounts receivable collections from the Company's customer, PDVSA,have slowed considerably over the last few months.The receivable balancefrom PDVSA is approaching $100 million.Accordingly, the Company is ceasingoperations on rigs as their drilling contracts expire.Two of the Company'seleven rigs in Venezuela have recently ceased operations, and it is expectedthat further cessations will idle a total of five rigs in that country by theend of February 2009.Absent any improvement of receivable collections, theremaining rigs would probably become idle by the end of July of this year.Amore detailed discussion of Venezuelan risks is contained in the "RiskFactors" and "Management's Discussion & Analysis of Financial Condition andResults of Operations" sections of the Form 10-K filed with the Securities andExchange Commission on November 26, 2008.On January 22, 2009, the Company reported the closing of a 364-day bank creditfacility totaling $105,000,000.This closing represents an increase in theCompany's available credit facilities from $400 million to $505 million, overthirty percent of which is currently undrawn.It is anticipated that thesecredit facilities, along with internally generated cash flow, will fully fundthe Company's capital spending program for fiscal 2009 which is now projectedto be approximately $850 million.About $250 million of the $850 million hasalready been spent during the first quarter.Most of the capital spending forthis year is related to the completion of the new FlexRigs scheduled foroperations under long-term commitments with attractive returns for theCompany. After the new $105 million credit facility expires early incalendar 2010, the $400 million credit facility will remain in effect untilNovember 2011 Helmerich & Payne, Inc. is primarily a contract drilling company.As ofJanuary 29, 2009, the Company's existing fleet included 194 U.S. land rigs, 32international land rigs and nine offshore platform rigs.In addition, theCompany is scheduled to complete another 27 new H&P-designed and operatedFlexRigs, all of which correspond to previously announced commitments withcustomers.Upon completion of these commitments, the Company's global landfleet will include a total of 190 FlexRigs. Helmerich & Payne, Inc.'s conference call/webcast is scheduled to begin thismorning at 11:00 a.m ET (10:00 a.m. CT) and can be accessed at http:// under Investors.If you are unable to participate duringthe live webcast, the call will be archived for a year on H&P's websiteindicated above.Statements in this release and information disclosed in the conference calland webcast that are "forward-looking statements" within the meaning of theSecurities Act of 1933 and the Securities Exchange Act of 1934 are based oncurrent expectations and assumptions that are subject to risks anduncertainties.
