RICHMOND - Governor Bob McDonnell announced today that Canon Virginia Inc., a wholly owned subsidiary of Canon U.S.A., Inc., will invest $27 million to expand its operation in the City of Newport News. Canon Virginia, Inc. will add the manufacturing of toner for Canon copiers in 30,000 square feet of upgraded space at its Newport News campus.

Governor McDonnell met with Canon Inc. in Tokyo about this project during his recent Asia Marketing Mission.

RICHMOND - Governor Bob McDonnell announced today that Tempur Sealy International, Inc., the world’s largest bedding provider, will invest $13.3 million in facility development and improvements at its manufacturing operation at Duffield Industrial Park in Scott County. The expansion project will create 42 new jobs. Virginia successfully competed against New Mexico for the project.

RICHMOND - Twelve companies from across the Commonwealth will graduate Thursday from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) Program, touting impressive results from their newly acquired tools to successfully export products and services overseas. The graduating companies will be recognized during a noon luncheon at the downtown Omni Hotel.

RICHMOND - Governor Bob McDonnell today announced that Rackspace® Hosting, (NYSE: RAX), the open cloud company, is expanding its IT hosting operation in the Virginia Tech Corporate Research Center in Montgomery County. The project will result in a $5.5 million investment in building construction and improvements and is expected to provide capacity for more than 100 new jobs at the Rackspace facility.

RICHMOND - Governor Bob McDonnell today announced that PRUFREX Innovative Power Products GmbH, the worldwide leading full-service system partner in the development and production of highly-integrated digital ignition systems and electronic control units, will invest $7.33 million to establish its first U.S. manufacturing facility in the City of Virginia Beach. The company will supply ignition components for U.S. customers, including nearby BMZ Batteries and STIHL Inc., which produces the number one selling brand of chain saws.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of a Rockingham County company, Dynamic Aviation Group, Inc., into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of three Hampton Roads companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of two Southwestern Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.

The new companies accepted into the program include Kollmorgen Corporation of Montgomery County, and Premium Steel Building Systems, Inc. of the City of Roanoke.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of four Northern Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of two Central Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.

The new companies accepted into the program include Rainbow Station, Inc. of Henrico County, and WeightPack, Inc. of Powhatan County.