Denton Ramsey may be reached via email at

We believe that Calavo has not yet fully realized all thegross margin benefits resulting from globalized sourcing and strong managementof operating costs, and expect these factors-both fundamental components of thecompanys competitive advantage-to favorably impact Fresh and Processedoperations moving forward." Cole continued, "The most compelling validation of Calavos business strategy,however, is evidenced in our record results in the face of the struggling U.S.and global economies. Our management team has been extremely disciplined inexecuting a business plan that adds incremental revenue and profit withoutrequiring commensurate expansion of overhead and capital expenditures. We thinkthat approach portends favorably for the company and are staying the course. We are looking forward to another highlysuccessful year in fiscal 2009," Cole concluded About Calavo Growers, Inc.Calavo Growers, Inc. is the worldwide leader in the procurement and marketing offresh avocados and other perishable foods, as well as the manufacturing anddistribution of processed avocado products.

Founded in 1924, Calavos expertisein marketing and distributing avocados, processed avocados, and other perishableproducts enables it to serve food distributors, produce wholesalers,supermarkets and restaurants on a global basis. Safe Harbor StatementThis news release contains statements relating to future events and results ofCalavo (including certain projections and business trends) that are"forward-looking statements" as defined in the Private Securities LitigationReform Act of 1995. These forward-looking statements are made only asof the date hereof, and the company undertakes no obligation to update or revisethe forward-looking statements, whether as a result of new information, futureevents or otherwise. CALAVO GROWERS, INC.CONSOLIDATED BALANCE SHEETS(in thousands, except share amounts)October 31, 2008 2007AssetsCurrent assets: Cash and cash equivalents$1,509$967 Accounts receivable, net of allowances of $2,213 (2008) and $2,271 (2007) 27,71725,992Inventories, net14,8898,359 Prepaid expenses and other current assets 5,155 4,911 Advances to suppliers 2,927 2,292 Income taxes receivable 992 1,539 Deferred income taxes 1,826 2,525 Total current assets55,01546,585Property, plant, and equipment, net 37,70920,888Investment in Limoneira 29,90448,962Investment in Maui Fresh, LLC 682 403 Goodwill3,591 3,591 Other assets7,785 7,589$134,686$128,018 Liabilities and shareholders' equityCurrent liabilities:Payable to growers $2,392$2,414 Trade accounts payable4,567 2,643 Accrued expenses16,10412,227Short-term borrowings 10,1306,630 Dividend payable5,047 5,030 Current portion of long-term obligations1,362 1,307 Total current liabilities 39,60230,251Long-term liabilities:Long-term obligations, less current portion 25,35113,106Deferred income taxes 4,216 10,658Total long-term liabilities 29,56723,764Total shareholders' equity65,51774,003 $134,686$128,018 CALAVO GROWERS, INC.CONSOLIDATED CONDENSED STATEMENTS OF INCOME(All amounts in thousands, except per share amounts)Three months endedYear EndedOctober 31, October 31, 200820072008 2007Net sales$93,553 $85,284 $361,474 $302,984Cost of sales 81,38778,214328,293271,212Gross margin12,1667,070 33,181 31,772 Selling, general and administrative 6,162 5,597 20,914 19,759 Operating income6,004 1,473 12,267 12,013 Interest expense(425) (350) (1,485 ) (1,346 ) Other income, net 603 478 1,510934Income before provision for income taxes6,182 1,601 12,292 11,601 Provision for income taxes2,190 411 4,5674,271Net income $3,992$1,190$7,725 $7,330Net income per share: Basic$0.28 $0.08 $0.54$0.51 Diluted$0.28 $0.08 $0.53$0.51 Number of shares used in per share computation: Basic 14,40814,32914,398 14,304 Diluted 14,44314,53014,481 14,435 CALAVO GROWERS, INC. NET SALES AND GROSS MARGIN BY BUSINESS SEGMENT(in thousands, except per share amounts) FreshProcessedTotalproducts products(All amounts are presented in thousands)Quarter ended October 31, 2008 Net sales $ 80,756 $ 12,797 $ 93,553 Cost of sales 72,766 8,62181,387 Gross margin$ 7,990$ 4,176$ 12,166Quarter ended October 31, 2007 Net sales $ 73,778 $ 11,506 $ 85,284 Cost of sales 68,760 9,45478,214 Gross margin$ 5,018$ 2,052$ 7,070For quarters ended October 31, 2008 and 2007, inter-segment sales and cost ofsales of $6.0 million and $5.6 million were eliminated.FreshProcessedTotalproducts products(All amounts are presented in thousands)Year ended October 31, 2008Net sales$315,667 $ 45,807 $ 361,474 Cost of sales293,44434,849 328,293 Gross margin $ 22,223 $ 10,958 $ 33,181 Year ended October 31, 2007Net sales$261,325 $ 41,659 $ 302,984 Cost of sales239,86431,348 271,212 Gross margin $ 21,461 $ 10,311 $ 31,772For fiscal years 2008 and 2007, inter-segment sales and cost of sales of $23.5million and $21.1 million were eliminated Calavo Growers, Inc.Lee E. ColeChairman, President and CEO805-525-1245 Copyright Business Wire 2009. It should come as no surprise that the Houston Astros are in the hunt for pitchers this offseason.More specifically, the Astros are especially looking to boost their bullpen in 2010.With a new skipper and a fresh group of faces leading the charge, Houston aims to right the ship after an 88-loss season.To bring fans up to speed, the Astros recently made their pitch to closer Jose Valverde by offering him arbitration; meanwhile, the team declined arbitration on Miguel Tejada.The club still hopes to retain Tejada next season to platoon him at third base with the re-signed Geoff Blum; and an answer regarding Valverde's arbitration could come soon, though he could easily opt for a multi-year deal elsewhere, leaving Houston without a closer.According to ESPN and other sources, the Astros have also apparently shown interested in pitchers J.J.

Putz and Brett Myers.With snow falling in Houston on Friday and the Winter Meetings right around the corner, look for the Astros to have a new-look club come Opening Day 2010.Hopefully, the higher-ups can surround the likes of Lance Berkman, Roy Oswalt, Carlos Lee, Hunter Pence, and Michael Bourn with a solid surround cast to help get Houston back on track in the National League Central.At this point in time, the Stros rotation will include Oswalt, Wandy Rodriguez (who is coming off a phenomenal season), and Bud Norris (who looks to have the stuff necessary to make it as a big league pitcher); they still have a gap to fill with the two remaining spots, though management claims to be happy with what they've got if needed.Only time will tell, but one thing is certain: the Astros are absolutely in the market this offseason. Denton Ramsey may be reached via email at . Corel Digital Media products include the latest in photo and video editing, discauthoring and video and disc playback with the latest Blu-ray supportOTTAWA(Business Wire)Corel Corporation (NASDAQ:CREL) (TSX:CRE) today announced that key partners willexhibit its high-definition playback and authoring software at the ConsumerElectronics Show (CES) from January 8-11, 2009 at the Las Vegas ConventionCenter in Las Vegas, Nevada. Corel products to be demonstrated at CES includeCorel WinDVD, Corel LinDVD and Corel DVD MovieFactory. Corel will alsodemonstrate its complete line of Digital Media products in private meeting rooms6221mp and 6222mp, located in the North Hall. Corel at CESThe following Corel partners will exhibit Corel products at CES:Intel (Corel WinDVD)Central Hall, Booth 7153 Dolby (Corel WinDVD and Corel DVD MovieFactory)Lower South 1 LVCC, Booth 20901 Phoenix Technologies (Corel LinDVD)Central Hall, Booth 9014 Featured ProductsCorel WinDVD is the worlds number one video and disc playback software withfull support for DVD and Blu-ray Disc movies as well as AVCHD camcorder formats.Users can also play back standard-definition video at near-HD quality withAll2HD advanced upscaling.

Corel LinDVD is the Linux-based video and DVD playback software based on thesame industry-leading video technologies that underlie Corel WinDVD, the worldsnumber one video and disc playback software LinDVD is available to OEM partnersworldwide. Corel DVD MovieFactory authors and burns videos on DVDs and Blu-ray Discs withstudio-quality menus, titles, music and effects. Corel DVD MovieFactory isavailable at retail, and to OEM partners worldwide. Corel will also demonstrate the following products in its private meeting roomsat CES: Corel Paint Shop Pro Photo X2 Ultimate is photo editing software that combinesease of use with full professional power, including one-click fixes to whitenteeth and remove red eye as well as more advanced tools such as HDR Photo Mergeto create the perfect shot. Corel VideoStudio Pro X2 is easy-to-use video editing and disc authoringsoftware for creating professional-looking videos in HD and standard definition.For those new to video editing, automated tools and templates are included tocreate impressive home movies, while more advanced users will enjoy tools suchas the Painting Creator to paint and draw on videos with completepersonalization. Corel VideoStudio Pro X2 is available at retail, to OEM partners worldwide, and was recently named the Best IntroductoryVideo Editing Product of 2008 by Videomaker Magazine.