Hi Tina,
I work for an agency, so there are some politics involved in rolling out changes to our methodologies. Doing what's best for the client is key, and my research is showing me that there may be some harm in having press releases on your website before or even after having syndicated them. And as Matt Cutts confirmed that links within press release sites carry no value, the potential value of them being picked up by a 3rd party journalist is highly unlikely (unless it truly is newsworthy information) doesn't seem to outweigh the potential risk involved.
However, it does appear there would be two recommended methods one could employ to help ensure you reap the benefits of a press release syndication while dodging the ever-hungry Panda:
- Add a tag on the page that has the syndicated content (press release or otherwise).
- Don't add the press release (or other content) to your site after syndication.
Thanks for the brainstorming session Tina! Hopefully this post helps others looking for guidance on this subject as well.