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Red Mile Entertainment Appoints James T. McCubbin to Board of Directors
Wednesday November 29, 4:00 pm ET
SAUSALITO, CA--(MARKET WIRE)--Nov 29, 2006 -- Red Mile Entertainment, a worldwide developer and publisher of interactive entertainment software, today announced that James T. McCubbin has been appointed as a member of the Board of Directors, bringing the total number of Board members to five.
Founded in August 2004, Red Mile has developed a number of innovative titles. In 2005, the Company successfully launched its first franchise game, "Heroes of the Pacific," for multiple platforms including the PlayStation®2 computer entertainment system, Xbox® video game system from Microsoft and the PC. The popular game is also being developed for the PSP® portable entertainment system, and a sequel to the franchise is being developed for the next generation of consoles and PC platforms. Red Mile's most highly anticipated title, "Jackass: The Game," which is based on the extremely successful MTV series, is expected to be published in March 2007.
Mr. McCubbin is the Vice President, Chief Financial Officer, Director, Secretary, and Treasurer of WidePoint Corporation (AMEX:WYY - News). He has over 20 years of financial management experience including 10 years' experience with small-cap public reporting companies. He has held various positions in a wide range of activities from venture capital to financial management with Marmac Investments, Memtec Corp., McBee Consulting, Ernst & Young, and Martin Marietta Corp. before joining CSI as its Corporate Controller in 1996. In August of 1998, Mr. McCubbin was appointed as the Chief Financial Officer of WidePoint Corporation and joined its Board of Directors in December of 1998. Mr. McCubbin earned a Master's Degree in International Business and a B.S. in Finance from the University of Maryland.
"We are pleased to further broaden the scope of our board with Jim's appointment," said Chester Aldridge, Chairman and CEO of Red Mile. "His strong financial background and public company experience is a strong complement to Red Mile as we are actively working towards our listing as a publicly traded entity. We look forward to benefiting from Jim's valuable insight and expertise moving forward."
Mr. McCubbin stated, "I am delighted to join the Red Mile board of directors during this exciting time in the Company's development. I look forward to contributing to the direction of the Company as it seeks to capitalize on the tremendous growth opportunity within the interactive entertainment software industry."
Red Mile's registration statement on Form SB-2 with the U.S. Securities and Exchange Commission (SEC) covering the resale of 27,098,742 shares by certain stockholders was declared effective by the SEC on August 11, 2006. The Company is also working towards the listing of its common shares for trading on the OTC Bulletin Board and the TSX Venture Exchange in Canada.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. All statements in this release regarding executing on our growth strategy, publication of "Jackass: The Game" in March 2007, use of proceeds, listings on the OTC Bulletin Board and TSX Venture Exchange, and the outcome of any contingencies are forward-looking statements. All forward-looking statements made in this press release are made as of the date hereof, and the Company assumes no obligation to update the forward-looking statements included in this news release whether as a result of new information, future events, or otherwise. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Please refer to the Company's Form 10-KSB and other filings with the SEC for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports.
About Red Mile Entertainment
Red Mile Entertainment, Inc. is a worldwide developer and publisher of interactive entertainment software. Headquartered in Sausalito, California, the company creates, incubates and licenses premier intellectual properties and develops products for console video game systems, personal computers and other interactive entertainment platforms. www.redmileentertainment.com.
©Red Mile Entertainment, Inc. All rights reserved. Red Mile Entertainment and the Red Mile Entertainment logo are trademarks of Red Mile Entertainment, Inc.
Contact:
Investor and Media Contact
Jennifer Jarman
The Blueshirt Group
415-217-5866
Email Contact
--------------------------------------------------------------------------------
Source: Red Mile Entertainment
New Symbol: WWY
http://finance.yahoo.com/q?s=WYY
Operational Research Consultants, Inc. (ORC) (www.orc.com), a wholly owned subsidiary of WidePoint Corporation (AMEX:WYY - News) (www.widepoint.com) and Wave Systems Corp. (NASDAQ:WAVX - News) (www.wave.com) today announced the launch of an enhancement to the federal public key infrastructure (PKI) platform that strengthens the security of ORC's ACES (Access Certificate for Electronic Services) and ECA (U.S. Government External Certificate Authority) certificates.
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The new solution is designed to allow the private key for ACES and ECA certificates to be automatically generated and protected by the PC's trusted platform module (TPM), a hardware device on the motherboard that provides advanced security functions including secure storage. Utilizing Wave's EMBASSY® Trust Suite software and an industry-standard TPM strengthens security of ACES and ECA certificates and can significantly reduce the certificates' susceptibility to theft or misuse. ORC and Wave believe that this provides an important performance differentiation from competitors' solutions.
This new enhancement is designed to ensure that certificates can only be used by specified users from specific client PCs. Contractors who have enabled the TPM and Wave's ETS software on their PCs will be able to access and purchase credentials from the Wave/ORC website http://wave.orc.com at a cost competitive with other providers.
Recently TPMs have caught the attention of the federal government, which is rapidly requiring their presence on new platforms. This change is evidenced by recent Army and Air Force acquisition guidelines specifying TPMs in PC purchases. TPM-enabled machines are available from all major PC suppliers.
"By enabling TPM technology, which is now shipping in millions of PC platforms, to leverage the existing federal identity management infrastructure, we are improving security for deploying credentials, while maintaining individual privacy," noted Dan Turissini, CEO of ORC. "This brings us closer to realizing the promise of a national Internet-centric infrastructure that improves citizens' access to government services and information, facilitates the flow of government information within and among the different branches and agencies, and reduces government operating costs through the implementation of electronic business processes."
"Wave and ORC have developed a 'best practices' solution for the federal government and its contractors that is designed to readily scale nationally," commented Steven Sprague, President and CEO of Wave. "Many of the new PCs that have been purchased by contractors include a TPM and have the ability to use the TPM to enhance the security of storing government credentials. We are pleased to have been able to work with ORC to provide this best practices solution."
About WidePoint and ORC
WidePoint is a technology-based provider of products and services to the government sector and commercial markets. WidePoint specializes in providing systems engineering, integration and information technology services. WidePoint's wholly owned subsidiary, ORC, is at the forefront of implementing government-compliant eAuthentication identity management managed services and associated systems engineering/integration. ORC has earned several major U.S. federal government certifications offering the highest levels of assurance for transactions over the Internet. ORC's GSA IT Schedule FSS # GS-35F-0164J and associated SINs are available through http://gsaadvantage.gov.
An investment profile about WidePoint may be found at www.hawkassociates.com/wyyprofile.aspx.
For investor relations information regarding WidePoint, contact Frank Hawkins or Cale Smith, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com.
About Wave Systems Corp. Wave solves the most critical security problems for enterprises and government with software solutions that are trustworthy, reliable and easy to use. Wave's trusted computing software solutions include strong authentication, data protection, advanced password management and enterprise-wide trust management services. For more information about Wave, visit: www.wave.com.
Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
WidePoint Corporation IR Contact:
Hawk Associates
Frank Hawkins
Julie Marshall
(305) 451-1888
Email Contact
Wave Media Contact:
Schwartz Communications
Mike Schultz
Katie Potter
781-684-0770
Email Contact
Wave IR Contact:
Jaffoni & Collins
David Collins
212-835-8500
Email Contact
Now, that its listed on the ASE we might see it heading closer to $5.00 per share.
Hey Arch,
Been following this for the past four years, still a steady upriser...
They finally made it to the ASE.
http://www.widepoint.com/
WDPT
Money flow. I've been following for some time, now it's showing up on scans. Looks like the real deal.
O/T
Hello,
I dont post much on any of these boards because I dont have a whole lot of information on any stock and my opinion is just a guess. Anyhow, I have been reading your posts from the GNF board, and it seems that you have been correct on everything youve stated. I feel bad about the way people have treated you on the board. I just wanted to let you know that I appreciate your opinions and have learned from you, I am sure I am not the only one, but at least I admit it :) Don't let a bunch of little kids hiding behind the computer screen run you off. There aren't to many people on here that actually have something to say of unbiased relevance.
Thanks again.
Another quiet board. Added shares yesterday.
Below is a copied post from EliteG.
WDPT.ob - WidePoint Corporation
Sector: Services
Industry: Technical Services
Profile: WidePoint Corporation, through its subsidiaries, provides information technology consulting services primarily to the federal government and commercial sector in the United States. It offers iDentity Management and eAuthentication Services that supports business-to-government, government-to-government, and citizen-to-government secure digital transaction requirements. http://finance.yahoo.com/q/pr?s=WDPT.OB
website: http://www.widepoint.com/
--------------------------------
Fundamentals and News
An excellent earnings report was issued on Monday!
Quote
WidePoint Year-End Revenue up 139% to $13.2M; Company Cites Significant Balance Sheet Improvements, Files for Amex Listing
Monday April 3, 9:40 am ET
Conference Call Scheduled for April 4
http://biz.yahoo.com/iw/060403/0120939.html
Strong growth, Great Balance Sheet and files for AMEX listing! The Conference Call on April 4th was very bullish and now the stock is having a great reaction to it.
Michael listened in to the conferece call.. these are some of his notes about the company:
---------------Michael's Notes-------------------------------
-According to the conference call they expect to announce new distribution alliances in the coming weeks and months
-stellar growth
-struggling to meet existing demand from government agencies(lots of opportunity)
-7 job openings on their website!(growing companies must hire)
-growth is also fuelled by the increased ID theft!
**All DOD ressources and information will be protected with ORC PKI
and all contractors and suppliers will have to acquire the PKI
ORC’s (100% owned subsidiary of WDPT) identity Management and eAuthentication Services have received three major U.S. government certifications. ORC remains the exclusive holder of one such qualification and has near-exclusive status in the others giving the company a substantial competitive advantage when bidding for governmental orders.
ORC was recently awarded a blanket purchase agreement (BPA) from the General Services Administration with a ceiling of $100 million. Under the BPA, ORC may provide digital certificates, credentialing services and managed PKI services to federal agencies, state and local governments, educational institutions, commercial businesses and the general public.
The company’s customers includes U.S. federal government agencies such as the Department of Defense, the Department of Homeland Security, the U.S. Treasury Department and the Department of Justice as well as major transnational corporations such as Boeing Aerospace, Northrup Grumman and several major pharmaceutical companies.
----------End Of Michaels Notes----------------------
Technicals:
The subject says triangle explosion and we have just that. A symmetrical triangle broken to the upsde with large volume and this great fundamental news! Strong support below from the triangle and moving averages(9,20,50) all bunched togeter.
Short-term:
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Long-term:
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WDPT is growing and is taking the steps to get listed on AMEX. With support in place from heavy volume and mvg averages.. risk seems limited. When a hot earnings report combines with explosive TA we must act.
We will buy WDPT @ market open
Looks like (.095) is the buy range. That's the lowest ask I have seen since I started watching it.
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WidePoint Corporation Announces Resignation of Michael C. Higgins asPresident And CEO; Company reports appointment of Steve Komar as Acting CEO
CHICAGO, Jan 11, 2002 (BUSINESS WIRE) -- WidePoint Corporation (OTCBB:WDPT) (the "Company") today announced that Michael C. Higgins has elected to resign his position as President and CEO in order to pursue other interests.
Mr. Higgins will also be resigning as a director of the Company. During his tenure, Mr. Higgins was a key player in the Company's launch and subsequent success in the millennium services markets, and for the past two years, worked diligently to steer the Company into new markets and opportunities. His enthusiasm and positive outlook will be missed.
WidePoint today also reported the appointment of Steve L. Komar, as the Acting CEO. Mr. Komar was recently elected as the Company's Chairman of the Board and currently acts as a business consultant to a variety of high growth companies.
Mr. Komar is a retired Executive Vice President of Fiserv, Inc., a financial services company that provides data processing services, software, and related products to the financial industry. Mr. Komar was responsible for Fiserv's Treasury and Cash Management, Mortgage Banking, and Government Services sectors.
He has also held senior management positions with CitiGroup and Viacom, with responsibilities ranging from mergers & acquisitions through senior management positions. The Company looks forward to his active participation in charting and implementing the future goals of the Company, in his expanded capacity as Acting CEO.
WidePoint Corporation is a consulting services firm that specializes in planning, managing and implementing Information Technology (IT) solutions for middle market companies. WidePoint's IT service offerings include Architecture and Planning, Software Implementation services, IT Outsourcing, Creative services and Rapid Start services.
Statements made in this press release that are historical or current facts are "forward-looking" statements made pursuant to the "safe harbor" provisions of federal securities laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results to differ materially from those presently anticipated or projected.
These factors and others are discussed in the "Management's Discussion and Analysis" section of the WidePoint Annual Report on Form 10-K for the fiscal year ended December 31, 2000, to which reference should be made.
CONTACT: WidePoint Corporation
James McCubbin, 630/645-0003
jmccubbin@widepoint.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2002 Business Wire. All rights reserved.
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Looks like we should have bought this around $0.07, will continue to watch it!
muel <g>
And now added volume to the bottom. These charts work pretty good for the ibox. It should update daily.
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O.K. I just put a different Yahoo chart in the ibox. it's got the 10,50, and 100 day EMAs and MACD on the bottom.
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Well, it cut part of the chart off, so I guess you can see what I'm talking about.LOL!
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Here's a look at the chart. Looks like the longer term moving averages are beginning to cross and MACD is showing strength.
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Next 10Q should be in mid Feb. and next 10K in early April. I guess you could call them impact dates, to use Bernard's terminoligy.
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Arch-This PR was released in November. Although revenues have been decreasing, management has been improving earnings per share. That is a sign of good management to me.
http://biz.yahoo.com/bw/011115/152250_1.html
WidePoint Records $1.3 Million in Revenues and Operational Profitability for Third Quarter 2001. Company Maintains $1.8 Million in Working Capital, with $1.6 Million in Cash and Securities
CHICAGO--(BUSINESS WIRE)--Nov. 15, 2001--
WidePoint Corporation (OTCBB:WDPT) today reported financial results for the third quarter and nine months ended September 30, 2001.
Revenues for the third quarter ended September 30, 2001 were approximately $1.3 million, a decrease of $1.8 million, as compared to revenues of $3.1 million for the same period ended September 30, 2000. The net loss for the third quarter ended September 30, 2001, was approximately $0.1 million, or a net loss per share of $0.01, as compared to the net loss of $2.6 million, or a net loss per share of $0.20, for the three months ended September 30, 2000. Operational profitability (net income prior to amortization and depreciation) was approximately $20,000 for the quarter ended September 30, 2001, as compared to an operational loss of $2.3 million for the quarter ended September 30, 2000.
Revenues for the nine months ended September 30, 2001, were approximately $5.1 million, a decrease of $5.5 million, as compared to revenues of $10.6 million for the nine month period ended September 30, 2000. The net loss for the nine months ended September 30, 2001 was approximately $0.5 million, or a net loss of $0.04 per share, as compared to a net loss of $6.0 million, or a net loss per share of $0.46, for the nine months ended September 30, 2000. The operational loss was approximately $0.1 million for the nine months ended September 30, 2001, as compared to an operational loss of $5.3 million for the nine months ended September 30, 2000.
Michael Higgins, WidePoint's Chief Executive Officer, commented, ``Although the Company may realize some further declines in revenues during the 4th quarter of 2001 brought about by the loss of billable hours during the holiday season, we have recently witnessed an upswing in interest for our services which may result in an increase in revenues after that time.'
James McCubbin, WidePoint's Chief Financial Officer, stated, ``With $1.8 million in working capital, of which $1.6 million is held in cash and securities, no long-term debt, and material tax loss carry-forwards, we still believe the Company is positioned to benefit from any correction in the current negative economic environment.'
For complete third quarter and nine month 2001 financial data, please refer to WidePoint's Form 10Q, available by accessing http://www.sec.gov, located within the SEC's Edgar archives.
WidePoint Corporation is a consulting services firm that specializes in planning, managing and implementing Information Technology (IT) solutions for middle market companies. WidePoint's IT service offerings include Architecture and Planning, Software Implementation services, IT Outsourcing, Creative services and Rapid Start services.
Statements made in this press release that are historical or current facts are ``forward-looking' statements made pursuant to the ``safe harbor' provisions of federal securities laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results to differ materially from those presently anticipated or projected. These factors and others are discussed in the ``Management's Discussion and Analysis' section of the WidePoint Annual Report on Form 10-K for the fiscal year ended December 31, 2000, to which reference should be made.
URL: http://www.widepoint.com
Contact:
WidePoint Corporation
by
Investor Communications Co.
Michael Savage, 800/416-0811 or 800/547-0443
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Sounds like it might be good one to play after I learn it trading patterns.
muel <g>
Yes, they haven't been printing shares like a lot of other OTCBBs lately. The share structure has been stable for quite some time and they have cash. I wouldn't expect any dilution unless they make a major acquisition.
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It's moving a little bit and volume has been slowly creeping up. Seems to have a decent balance sheet too.
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Josh, looks like a nice low o/s 12 mil issue as well. eom
Arch
Interesting company, just put it on my watch list!
muel <g>
Up 28% today. Last trade (.16).
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Welcome to the Ihub Widepoint board!
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WDPT DD Links:
Business Summary
WidePoint Corporation, formerly known as ZMAX Corporation, focuses on implementing middle-market companies' Information Technology (IT) e-strategies. The Company helps its clients analyze, design, implement and support e-business solutions that improve the value of their e-business initiatives. In order to capitalize on the Internet revolution, the Company evolved from a Year 2000 strategic solutions provider to an IT based e-business solutions provider. The Company presently focuses on planning, implementing and supporting component-based, custom application development and integration services. These services include the up-front Internet consulting services designed to increase revenue, develop digital brand strategy, generate additional market share, reduce costs and/or establish competitive advantage.
General Information and Share Information
http://biz.yahoo.com/p/w/WDPT.ob.html
Basic Company Profile
http://www.knobias.com/individual/research/basicprofile.htm?ticker=WDPT&coid=1533891695
BigCharts Interactive Chart
http://www.bigcharts.com/intchart/frames/frames.asp?symb=WDPT&time=8&freq=1
SEC Filings
http://www.nasdaq.com/asp/quotes_sec.asp?symbol=WDPT&selected=WDPT
Recent Press Releases
http://biz.yahoo.com/n/w/WDPT.ob.html
Company Webpage
http://www.widepoint.com
Insider Trade Data
http://biz.yahoo.com/t/w/WDPT.html
Catalysts
http://moneycentral.msn.com/investor/research/wizards/srwcatalysts.asp?Symbol=WDPT
OTCBB Level 2 Quotes
http://www.otcbb.com/asp/mp_quotes.asp?Sort=4&Quotes=WDPT
Active Market Makers
http://www.otcbb.com/asp/tradeact_mml.asp?searchby=i&searchfor=WDPT&x=20&y=6
BarCharts Signals
http://quotes.barchart.com/texpert.asp?sym=WDPT
Stockscores.com Rating
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OTCBB Most Active List
http://quotes.freerealtime.com/dl/frt/stats?exch=D&stat=0
Technical Analysis Education
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http://www.e-analytics.com/techdir.htm
http://www.chartpatterns.com
http://www.clearstation.com/education/cover.shtml
http://www.litwick.com
http://www.investormall.com/compleat/averages.htm
Charting Webpages
http://www.bigcharts.com
http://www.prophetcharts.com
http://www.stockcharts.com
SEC Complaint Link
http://www.sec.gov/enforce/comctr.htm
Disclaimer: This page is a compilation of links to websites containing stock information. While this information is believed to be accurate, no guarantees can be made.
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