ION to Offer $175MM of Senior Notes Due 2013

ION intends to commence an offering of $175 million aggregate principal amount of its senior notes due 2013. The net proceeds from the sale of the notes will be applied to repay certain indebtedness that the Company incurred in connection with its acquisition of ARAM Systems Ltd. and related companies in September 2008.

The Company's obligations under the notes will be guaranteed by certain of its domestic subsidiaries.
The notes will be sold to qualified institutional investors under Rule 144A, to certain non-U.S. persons in transactions outside the United States under Regulation S, and to a limited number of institutional accredited investors. This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes.

Any offers of the notes will be made only by means of a confidential offering circular. The notes will not be registered under the Securities Act of 1933 or any applicable state securities law, and may not be offered or sold in the United States absent registration under the Securities Act of 1933 and applicable state securities laws or pursuant to available exemptions from such registration requirements.