FOR IMMEDIATE RELEASE
February 25, 2008

Columbus, OH -- Lieutenant Governor Lee Fisher today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for businesses involved in location or expansion projects that, if located in Ohio, are expected to contribute more than $30 million to Ohio's economy and create 303 positions for Ohioans.

"State assistance committed today will support investments and job creation in several of Ohio's key industries, including the biosciences, advanced energy, information technology, and manufacturing," said Lt. Governor Fisher, who also serves as the Director of the Ohio Department of Development. "Smart investments in the global competitiveness of Ohio's economic climate, communities, and industries are essential to the future of our State."

ViewRay Incorporated, to be located in the Cleveland Metropolitan Area, has been awarded a 45 percent credit for a five-year term to establish a new facility. The value of the tax credit is estimated at $537,431 over the term, and the company will be required to maintain operations at the project site for 10 years. ViewRay was founded in 2004 in Gainesville, Florida and currently employs 10 people. This project is backed by "blue-chip" biomedical venture capital investment companies including OrbiMed Advisors, LLC; Fidelity Biosciences; Kearny Venture Partners; and Aisling Capital. The company has recently raised $25 million in Round B financing. The company will invest in machinery and equipment and lease an existing 40,000 square-foot facility for the company's world headquarters for the assembly and testing of the Renaissance(TM) System 1000, ViewRay's Magnetic Resonance Imaging Guided Radiation Therapy technology. ViewRay will contribute to the growing biomedical cluster in Northeast Ohio by partnering with local imaging companies and leading Cancer Centers. Ohio is in competition with California, Georgia, and Massachusetts for this $14.5 million project, which is expected to create 93 positions within the first three years of the project's initial operations.

PC Helps Support, LLC, to be located in Cleveland (Cuyahoga County), has been awarded a 40 percent credit for a five-year term to establish a new facility. The value of the tax credit is estimated at $214,799 over the term, and the company would be required to maintain operations at the project site for 10 years. PC Helps provides remote desktop application software support services to Fortune 1000 companies. The company works in partnership with its clients' Information Technology departments as both a Help Desk support enhancement as well as a remote training department for desktop application software. PC Helps was founded in 1992 and is headquartered in the Village of Bala Cynwyd, Pennsylvania, where it employs 200 people today. The company proposes to invest in machinery and equipment and lease 7,935 square feet of an existing building and make additional improvements to a portion of the building for a call center for remote desktop application software support services. Ohio is in competition with Michigan, Wisconsin, Pennsylvania, and Missouri for this $180,000 project, which is expected to create 100 positions within the first three years of the project's initial operations.

U.S. Corrugated, Inc., to be located in Lancaster (Fairfield County), has been awarded a 55 percent credit for a five-year term to establish a new facility. The value of the tax credit is estimated at $295,839 over the term, and the company would be required to maintain operations at the project site for 10 years. U.S. Corrugated is a corrugated packaging manufacturer that was formed in August 2006 when its parent company acquired Linpac, Inc., which was comprised of a paper mill and five corrugated packaging plants in the southern United States. Shortly thereafter, the company further expanded following the acquisition of eight Longview Fiber locations, which increased the company's sales from $223 million to $420 million and employment from 500 to 1000. The company proposes to invest in new machinery and equipment and construction a new 300,000 square-foot facility that will be used to manufacture corrugated boxes. Ohio is in competition with Pennsylvania for this $25.5 million project, which is expected to create 110 positions within the first three years of the project's initial operations.

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio. The Ohio Tax Credit Authority is a five-member independent board consisting of taxation and economic development professionals from throughout the State that is responsible for reviewing and approving applications for state tax credit assistance. The Authority also has oversight responsibilities that include monitoring and reporting the progress of approved tax credit projects.

# # #

Media contacts: Melissa Ament at (614) 466-6619 or Kelly Schlissberg at (614) 466-4133