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It looks like WLDI is going to rally again. It's a wild one. Anyone know when Itec will go back to IMTO from IMTOE?
Jibes
TrendSeekers at:
http://jibes0.tripod.com/trendseeker.html
Take a look at the financials for ANZA. http://biz.yahoo.com/fin/l/e/ennt.html
Ron
Really??? Too kewl, it does happen,,,,Put it on your calendar Josh,Could be the only one............
Rick...
"The cynic knows the price of everything and the value of nothing."
-Oscar Wilde,
A place to report scum,,,errrrrrrr I mean scams......
http://www.investorshub.com/boards/board.asp?board_id=610
It's up 18% today too!!!
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KEWL !!!!!!!!!!! :)
ez2
Cool! One of mine went from the OTCBB to the AMEX. I guess this proves that some OTCBB companies actually do make the move up.
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SMWS (OTCBB) Smith & Wesson Commences Trading on American Stock Exchange
FRIDAY , NOVEMBER 29, 2002 08:03 AM
SCOTTSDALE, Ariz., Nov 29, 2002 /PRNewswire-FirstCall via COMTEX/ -- Smith & Wesson Holding Corporation (Amex: SWB) parent company of the legendary 150-year-old handgun maker, Smith & Wesson Corp., today announced the commencement of trading on the American Stock Exchange effective Friday, November 29, 2002. The Company, which previously traded on the OTCBB under the symbol SMWS, will now trade under the new ticker symbol SWB.
About Smith & Wesson Holding Corporation
Smith & Wesson Holding Corporation is the parent company of Smith & Wesson Corp., one of the world's leading producers of quality handguns, law enforcement products and firearm safety and security products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company's products with confidence for 150 years. Smith & Wesson Corp. also manufactures and markets Smith & Wesson branded handcuffs and other products utilizing its metal working expertise and providing products and services to many external customers through its Specialty Services division.
For more information, visit the company's Web site at: http://www.smithandwesson.com .
For further information please contact media relations, Teri James of E.B. Lane Marketing Communications, +1-602-258-5263, for Smith & Wesson Holding Corporation; or investor relations, Shannon T. Squyres, President of Market Pathways, +1-949-955-1860, for Smith & Wesson Holding Corporation.
Make Your Opinion Count - Click Here
http://tbutton.prnewswire.com/prn/11690X88645873
SOURCE Smith & Wesson Holding Corporation
CONTACT: media relations, Teri James of E.B. Lane Marketing
Communications, +1-602-258-5263, for Smith & Wesson Holding Corporation; or
investor relations, Shannon T. Squyres, President of Market Pathways,
+1-949-955-1860, for Smith & Wesson Holding Corporation
URL: http://www.smithandwesson.com
http://www.prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
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You too Muell. Have a good one!!!
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Happy Turkey Day everybody, I'm out of here!
Ron
TRVL: .008 with lots of recent volume given OS and recent news.
I've got 3 email alerts on GLEE this month. anyone follow it?
Date Issued: November 27, 2002 For list removal information see bottom of newsletter
Congratulations to those investors savvy enough to have invested in XYBR on Oct 29 when it was trading at .24. It hit an intra-day high of .82 on Thurs, Nov 14 for a percentage gain of 240%! We have one NOW, GLEE, that may be every bit as good, possibly better.
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Situation Stock Alert: GLEE
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If indeed there is a war with Iraq, what are some of the best investments we can make? We feel minerals would surely be at or near the top of the list. Below you will see the US Army's intentions vis a vis Tungsten. And that was *before* this impending war with Iraq.
In its most recent 10QSB quarterly filing dated 11/13/2002, GLEE announced the following "We intend to seek either debt or equity capital or both." Additionally, in that same 10QSB report, GLEE announced that "we may also consider strategic alliances and mergers and acquisitions as a means to pursue our business plan or otherwise fund the company." THIS IS A COMPANY IN AN UPWARD SPIRAL!!
Outstanding news on GLEE! In the press release of 11/6/2002 the Company reported that it is presently "investigating financing alternatives for the purpose of exploring the current project as well as adding additional projects." This IS a company on the MOVE!! Additionally, the Company announced results from additional testing and announced that "The report confirms that the earlier mineralization identification, which includes tungsten and other trace metals are consistent..." **Notice the report "CONFIRMS"!!
Current Pick Information
Ticker Symbol: OTC BB: GLEE
Short Term: $.45
Mid Term: $1.05
Shares Outstanding: 23,669,506 (approx)
Ready to Explode on Tungsten Mining Sample Results, and Potential Funding...Glee appears to be a VERY undervalued stock!
It is our opinion that since the Company IS SEEKING capital, and considering Tungsten could be a major consideration in national security, since it is well known that China controls 80% of the world's supply of Tungsten, we anticipate that a great Company like this would most likely obtain funding for such a timely and important project. Tungsten is important. So is the future of the USA!
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Company Information:
GLEE is engaged in the fields of mineral exploration, energy, and property development within North America. GLEE, through its subsidiary, GL Tungsten, is currently working on developing an advanced tungsten project known as Pilot Mountain located in Mineral County, Nevada. TUNGSTEN is red-hot! Most readers , if they have even heard of TUNGSTEN, only associate it with the filaments in incandescent light bulbs. Read on, there's a lot more to TUNGSTEN. A next generation light bulb, computer chips, nose cones for rockets , and more and more. Below read about just one of the potential uses for TUNGSTEN that is cutting edge and which can have a HUGE INFLUENCE on the value of TUNGSTEN.
The US Army is going green.
Please click on the links below to read the articles regarding the US Military switching from lead-based ammunition to tungsten-based ammunition to fully understand the HUGE upside potential of GLEE. The Lone Ranger may have used silver bullets, but the US Army plans to go green!!
Click on any of the links below to read a number of recent news articles detailing the US Army switching to Tungsten ammunition and you will understand GL Energy's (OTC BB: GLEE) HUGE UPSIDE POTENTIAL!! As you will read in a reprint of an article below, it is estimated that "Next year, the Army will produce 5 million to 10 million green bullets (made of Tungsten) and after that up to 200 million each year", stated Wade Bunting, project manager for environmental armament technologies at the Picatinny Arsenal in New Jersey.
If one does some calculations, 200 million tungsten bullets a year, using an ounce of tungsten each... adds up to more than 5,500 tons, or one eighth of existing annual tungsten consumption in the world!
Additional Reading:
Army Magazine Article - http://www.ausa.org/www/armymag.nsf/all/C29B7A7BA265E77385256B9E007172 19?OpenDocument
Military.com Article -
http://www.military.com/Content/MoreContent/1,12044,FL_greenammo_swarn er,00.html
ABCNews.com Article -
http://abcnews.go.com/sections/scitech/DailyNews/greenbullets010503.ht ml
**GLEE recently announced results from samples taken at the Company's Desert Scheelite deposit of the Pilot Mountain site. GLEE announced that recent samplings returned results of the W03 component of Tungsten to be 1.29% in sample #1 and 1.44% in sample #2. Additionally, the Company's recent press release announced results of one sample containing over 500 g/mt (over 15.5 troy ounces per tonne) of Silver!!
**Compare GLEE's announced sample results with other operating mining companies such as North American Tungsten's (CDNX: NTC) MacTung Project. On NTC's website they report the MacTung Project is being worked at an average grade of 0.95% W03. (see: http://www.northamericantungsten.com )
**Additionally, compare the mining operation managed by Avocet Mining Company where the company reports working its Panasqueira tungsten mine in Portugal with a .28% W03 average content. (see: http://www.avocet.co.uk/tungsten.html )
The Company's current project, known as Pilot Mountain, is an advanced tungsten project located in Mineral County, (west-central) Nevada, USA. Elevated tungsten values occur throughout this area, and there are four known mineral resources within the claim area: Desert Scheelite, Gunmetal, Garnet, and Rose tungsten deposits. The property lies approximately 21 miles east of the town of Mina on an all-weather, county maintained gravel road. Mina is 168 miles southeast of Reno on U.S. Highway 95.
Important Notice and Disclaimer:
The purpose of this advertisement, like any advertising, is to provide coverage and publicity for the advertised company, its products or services. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Verify all claims and do your own due diligence. This advertisement is not a solicitation or recommendation to buy, sell or hold securities and does not provide an analysis of the financial position of the company. We recommend you use the information found in this advertisement as an initial starting point for conducting your own research on the advertised company in order to determine your own personal opinion of the company before investing. We are not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and opinions contained in this advertisement are the sole opinion of the authors and are subject to change without notice. We are not liable for any investment decisions by our readers. Readers should independently investigate and fully understand all risks before investing. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser or broker prior to completing any such purchase or sale decision. We are not registered investment advisers, or broker-dealers, or members of any financial regulatory bodies. The information contained in this advertisement is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. We disclaim any and all liability as to the completeness or accuracy of the information and for any omissions of material facts. The advertised company has not hired us and we have not received any compensation from the advertised company. We have not discussed this advertisement with the management of the advertised company. In order to be in full compliance with the U.S. Securities Act of 1933, Section 17(b), we anticipate receiving forty thousand dollars from a non-affiliate third party shareholder as compensation for the distribution of this stock profile. Since we are receiving compensation and hold stock in the advertised company there is an inherent conflict of interest in our statements and opinions and such statements and opinions cannot be considered independent. We will benefit from any increase in share price of the advertised company. We may sell our shares at any time, without notice, be that before, during or immediately after the release of this advertisement. The liquidation of our stock may have a negative impact on the securities of the company liquidated, including decreased market value and/or dilution of the company's securities. Furthermore, our associates and/or employees and/or principals may have stock positions in advertised companies purchased in the open market or in private transactions. These positions may be liquidated, without prior notification, even after we have made positive comments regarding the advertised company. Any price targets and/or projections mentioned are solely opinions and should not be taken as suggested holding periods. We may sell our positions in any companies advertised before they reach such target prices. The receipt of this information constitutes your acceptance of these terms and conditions. Reading this advertisement shall not create under any circumstances an offer to buy or sell stock in any company advertised. Nor shall it create any principal-agent relationship between the reader and us. Information within this advertisement contains "forward looking" statements within the meaning of Section 27(a) of the U.S. Securities Act of 1933 and Section 21(e) of the U.S. Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be forward looking statements. Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
WLKN (OTCBB) Waterlink Posts Income from Continuing Operations for Fourth Quarter and for Its Fiscal Year
TUESDAY , NOVEMBER 26, 2002 07:00 AM
COLUMBUS, Ohio, Nov 26, 2002 (BUSINESS WIRE) -- Waterlink, Inc. (OTCBB:WLKN) today announced its results of operations for the quarter and year ended September 30, 2002. Waterlink has reported income from continuing operations for the third consecutive quarter, and also reported income from continuing operations for its fiscal year ended September 30, 2002. Waterlink reported income from continuing operations of $572,000 for the current year quarter as compared to a loss of $2,424,000 in the prior year quarter. For the year ended September 30, 2002 Waterlink reported income from continuing operations of $149,000 as compared to a loss of $4,910,000 in the previous year. Prior year results for both the quarter and fiscal year include special charges of $2,560,000 related to severance and other costs associated with the relocation of the corporate office.
Net sales from continuing operations were $16.9 million for the current quarter as compared to $19.1 million in the prior year quarter, a decrease of 11.6%. The net sales decrease is more attributable to the prior year quarter being exceptionally strong than weakness in the current year. In the fourth quarter of the previous year revenue from capital equipment orders was unusually high as project delays from earlier quarters of last year were addressed. For the year ended September 30, 2002 net sales from continuing operations totaled $64.1 million as compared to $65.6 million in the prior year, a decrease of 2.3%. Sales of carbon and related services increased by 4.4% from the prior year, while capital equipment sales decreased by 19.0% due to an overall softness in capital equipment markets created by the weak economy and uncertainties created by world events.
Bill Vogelhuber, Waterlink's President and Chief Executive Officer, commenting on the Company's results, "Although we are normally not satisfied when sales decrease, given the economic environment over the past year and the decrease in sales of capital equipment, the case can be made that we persevered. Through the hard work of all of our employees we were able to increase operating income by 17.5% for the quarter and by 41.0% for the year as compared to the prior year, even if we disregard special charges in prior year numbers. We are looking forward to the challenges of the new fiscal year with regard to increased sales of existing products, the expansion of our service capability, and maintaining an open and candid relationship with our senior lenders and all other stakeholders."
For the quarter ended September 30, 2002 the Company realized operating income of $1,724,000 as compared to $1,467,000 in the prior year quarter when excluding prior year special charges. Higher gross margins in the current year quarter helped offset the decrease in sales. With regard to results for the year, Waterlink reported operating income of $4,663,000 in the current year as compared to $3,307,000 in the prior year, when excluding special charges. This increase of $1.4 million in operating income reflects higher gross margins and a 3.9% decrease in selling, general and administrative expenses.
Waterlink has also announced it has entered into an amendment to its senior credit agreement that extended the maturity date of the facility to October 1, 2003. In connection with this amendment, the maturity dates of all Waterlink subordinated notes were extended until October 15, 2003. Although the maturity dates of these obligations extend beyond the end of Waterlink's fiscal year ending September 30, 2003, they have been classified as current liabilities on the balance sheet based on acceleration clauses that could be implemented by senior lenders.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including operating results, cost reductions and growth opportunities. These forward-looking statements are subject to certain risks, uncertainties and other factors that could cause actual results to differ materially. Such factors include, but are not limited to, economic and competitive pressures in certain market segments, improvement and timing of order intake and revenue growth, changes in operating costs, access to and cost of capital, unanticipated liabilities, changes in governmental regulation, and overall world events and circumstances. Additional information on factors that could potentially affect the Company or its financial results may be found in the Company's filings with the Securities and Exchange Commission, including the sections entitled "Forward-Looking Statements" and "Risk Factors", beginning on page 16, of the Company's annual report on Form 10-K for its fiscal year ended September 30, 2001.
Waterlink is an international provider of integrated water and air purification solutions for both industrial and municipal customers. Waterlink's executive offices are located in Columbus, Ohio, USA.
More information about Waterlink can be obtained on the Internet at www.waterlink.com, by e-mail inquiry to waterlink@waterlink.com, or by contacting Don Weidig, Waterlink, Inc., 835 North Cassady, Columbus, Ohio 43219 USA at 614-258-9501.
Waterlink, Inc. and Subsidiaries
Consolidated Statements of Operations - Unaudited
Three Months Ended Year Ended
September 30, September 30,
2001 2002 2001 2002
-------- -------- --------- --------
(In thousands, except per share
data)
Net sales $19,148 $16,924 $65,553 $64,054
Cost of sales 14,951 12,497 51,150 48,701
-------- -------- --------- --------
Gross profit 4,197 4,427 14,403 15,353
Selling, general and
administrative expenses 2,570 2,540 10,455 10,051
Special charges 2,560 - 2,560 -
Amortization 160 163 641 639
-------- -------- --------- --------
Operating income (loss) (1,093) 1,724 747 4,663
Other expense:
Interest expense (1,080) (928) (3,992) (3,712)
Amortization of financing costs (132) (139) (1,386) (642)
Other items-net (107) - (267) (66)
-------- -------- --------- --------
Income (loss) before income taxes (2,412) 657 (4,898) 243
Income taxes 12 85 12 94
-------- -------- --------- --------
Income (loss) from continuing
operations (2,424) 572 (4,910) 149
Discontinued operations:
Income (loss) from operations 279 - (592) (534)
Loss from disposal - - (17,475) -
-------- -------- --------- --------
Net income (loss) $(2,145) $572 $(22,977) $(385)
======== ======== ========= ========
Earnings (loss) per common share:
Basic and assuming dilution:
Continuing operations $(0.13) $0.03 $(0.25) $0.01
Discontinued operations 0.02 0.00 (0.92) (0.03)
-------- -------- --------- --------
$(0.11) $0.03 $(1.17) $(0.02)
======== ======== ========= ========
Weighted average common shares
outstanding-
Basic and assuming dilution 19,660 19,660 19,660 19,660
Waterlink, Inc. and Subsidiaries
Consolidated Balance Sheets-Unaudited
September 30,
2001 2002
----------- --------
Assets (In thousands)
Current assets:
Cash and cash equivalents $1,646 $2,530
Trade accounts receivable, net 11,987 11,210
Inventories 10,443 10,528
Costs in excess of billings 1,648 1,783
Other current assets 890 1,130
Net assets of discontinued operations 15,831 640
----------- --------
Total current assets 42,445 27,821
Property, plant and equipment, at cost:
Land, buildings and improvements 1,512 1,626
Machinery and equipment 5,935 6,538
Office equipment 606 717
----------- --------
8,053 8,881
Less accumulated depreciation 2,685 3,723
----------- --------
5,368 5,158
Other assets:
Goodwill, net 24,320 24,250
Other assets 76 85
Net assets of discontinued operations - 2,170
----------- --------
24,396 26,505
----------- --------
Total assets $72,209 $59,484
=========== ========
Waterlink, Inc. and Subsidiaries
Consolidated Balance Sheets-Unaudited (continued)
September 30,
2001 2002
-------- --------
(In thousands,
Liabilities and Shareholders' Equity except share
data)
Current liabilities:
Trade accounts payable $6,839 $6,848
Accrued expenses 7,118 5,988
Billings in excess of cost 400 232
Accrued income taxes 304 313
Current portion of long-term debt 51,930 39,674
-------- --------
Total current liabilities 66,591 53,055
Accrued pension costs 1,418 3,787
Shareholders' equity:
Preferred Stock, $.001 par value, 10,000,000
shares authorized, none issued and outstanding - -
Common Stock, voting, $.001 par value,
authorized - 40,000,000 shares,
issued and outstanding - 19,659,694 shares
at September 30, 2001 and 2002 20 20
Additional paid-in capital 92,174 92,174
Accumulated other comprehensive loss (5,141) (6,314)
Accumulated deficit (82,853) (83,238)
-------- --------
Total shareholders' equity 4,200 2,642
-------- --------
Total liabilities and shareholders' equity $72,209 $59,484
======== ========
Interesting company. Worth a look.
business summary
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CURRENT BUSINESS INFORMATION: US Global Aerospace, Inc., formerly Caring Products International, Inc., is an aerospace research, development and engineering company that owns certain intellectual property rights and patents pending relating to a proprietary cockpit security door, which is known as the Guardian(TM) Anti-Ballistic Panel Cockpit Security Door.
The Guardian(TM) Door was developed with the intent to comply with the requirement, promulgated by the Federal Aviation Administration (FAA) in the aftermath of the September 11 terrorists attacks, that all U.S.-registered commercial transport airlines must install a reinforced cockpit door, such as the Guardian(TM) Door, by April 9, 2003. There are currently approximately 6,500 U.S.-registered commercial transport-type aircraft that will need to have a reinforced cockpit door installed by the 2003 deadline in order to meet the FAA regulation.
The Guardian(TM) Door is made of a lightweight, anti-ballistic panel designed specifically for aerospace applications. Subject to its receipt of the necessary supplemental type certificate (STC) from the FAA, the Company intends to manufacture and sell the Guardian(TM) Door to the aerospace and defense industries. A STC is a certificate issued when an applicant has received FAA approval to modify an aircraft from its original design. The STC approves not only the modification but also how that modification affects the original design. The Company anticipates that its Guardian(TM) Door will be the first reinforced cockpit door to receive an STC from the FAA.
HISTORICAL BUSINESS INFORMATION: The Company, a Delaware corporation, resulted from a series of corporate reorganizations and related transactions. First West Canada Capital Corporation (FWCC) was incorporated under the laws of the Province of British Columbia on December 6, 1984.
On December 20, 1993, FWCC renounced its original jurisdiction of incorporation and became a Wyoming corporation. On December 23, 1993, FWCC merged into FWCC Merger Corp., a wholly owned subsidiary of FWCC, which was incorporated in the State of Delaware on December 7, 1993. Prior to the merger, which effected the reincorporating of FWCC as a Delaware corporation, FWCC was an inactive corporation.
On November 4, 1992 the Company was incorporated under the laws of the State of Delaware as Old Caring Products. On December 30, 1993, Old Caring Products merged with and into FWCC Merger Corp., and FWCC Merger Corp. became the surviving corporation. In connection with this merger, the then existing officers and directors of FWCC Merger Corp. resigned, the then existing officers and directors of the Company became the officers and directors of FWCC Merger Corp. and the name of the surviving entity was changed to Caring Products International, Inc.
The Company primary business until 2001 was designing a line of proprietary urinary incontinence products with disposable liners which were sold under the Rejoice brand name in the U.S., Canada, and to a lesser extent, Europe. Due to a lack of funding necessary to support full retail distribution in chain stores and hospitals, the Company announced in January 1999 that it would evaluate all of its strategic options, including sale of the Company, merging the Company's assets with another company, or seeking new investment in the Company from financial investors. The Company closed its marketing offices in 1999 and began to liquidate its remaining inventory. The Company discontinued its adult incontinence business operations in 2000. The Company is now solely seeking other business opportunities for the Company. On March 31, 2001, the Company received an equity investment which resulted in a change in control of the Company's Board of Directors. The Company does not anticipate that it will re-enter the adult incontinence business.
On March 29, 2001, the Company authorized an increase in the authorized number of shares of common stock of the Company to 100,000,000. Additionally, the Company authorized a 100:1 reverse stock split.
On March 30, 2001, the Company consummated a private placement of 90,000 shares of its common stock to Raymond A. Bills, a previously unaffiliated accredited investor. Mr. Bills paid $250,000 in consideration for the issuance. After giving effect to the transaction and the 30,563 previously issued and outstanding shares of common stock, Mr. Bills is the beneficial owner of approximately 74.6% of the Company's common stock and now has the ability to exercise control over the Company's affairs.
April 10, 2002 the Company filed an S-8 registering 5,000,000 shares of common stock for 2001 Employee Stock Compensation Plan.
On May 14, 2002, USDR Aerospace, Ltd. (Aerospace) entered into an agreement with the Company to assign certain of its Intellectual Property to the Company for consideration of $10, and a promise to pay a royalty of 3.5% on all of the Company's sales until Aerospace has received a total of $15 million and a royalty of 1% of all of the Company's sales thereafter until all patent rights of the Intellectual Property have expired.
May 21, 2002 the Company acquired 100% ownership of USDR Global Aerospace, Ltd. (USDRGA), a privately-held company. To acquire USDRGA, the Company issued 20,000,000 restricted, unregistered shares of its common stock, which resulted in a change of control of the Company. The existing officers and directors of the Company have resigned, and the officers and directors of USDRGA will be the new officers and directors of the Company. As soon as practical, the Company will change its name to USDR Global Aerospace and will commence trading on the OTCBB under a new symbol.
June 20, 2002, the Company's wholly-owned subsidiary, USDR Global Aerospace, Ltd. (collectively with the Company) entered the final stage of the approval process for certification of its Guardian(TM) Anti-Ballistic Panel Cockpit Security Door under the new Federal Aviation Administration (FAA) regulations. The Company has recently received certification satisfying FAA Decompression (Windshield-Bird-Strike) Regulations and is currently in phase five of the FAA certification process.
July 25, 2002, USDR Global Aerospace, Inc.'s proprietary Guardian(TM) Anti-Ballistic Panel Cockpit Security Door has been selected for installation in DHL Airways' DC8 cargo aircraft. DHL, an air cargo industry leader, is anticipating the need to comply with broadening FAA flightdeck security regulations, initially enacted only for passenger-carrying aircraft.
July 26, 2002, the Company filed an S-8 registering 5,000,000 shares of common stock for 2002 Consultant Stock Plan.
August 12, 2002, the Company's wholly-owned subsidiary, USDR Global Aerospace Ltd., is developing products for a broad range of applications based upon its proprietary nano-denier G-Lam(TM) ultra light weight anti-ballistic material. G-lam material has excellent dielectric properties and unlike Aramid fibers such as Kevlar has very low moisture regain. Applications include direct replacement fairings for helicopters that provide high levels of ballistic protection with no weight penalty, anti-ballistic radomes for airborne, military and law enforcement applications that offer radar transmission transparency and ballistic protection, light weight XO skeletal body armor for the future soldier initiative, portable blast containment units, turbine engine containment systems, and anti-ballistic enhanced aircraft thermal/acoustical insulation blankets.
On August 28, 2002, the Company approved an amendment to its Certificate of Incorporation to change the name of the company from Caring Products International, Inc. to US Global Aerospace, Inc.
On September 11, 2002 Caring Products International Inc.'s wholly owned subsidiary USDR Global Aerospace, Ltd. and Globus Aviation 2001 Ltd. concluded an agreement with El-Al Israel Airlines to install USDRGA's patent-pending Guardian(TM) Anti-Ballistic Panel Cockpit Security Door on El-Al's 747-200B aircraft.
October 4, 2002, Caring Products International, Inc. changed its name to US Global Aerospace, Inc. and its trading symbol to USGA.
October 29, 2002, US Global Aerospace, Inc. acquired the Nanosil(TM)treatment technology through an exclusive license agreement with Moose River Consulting, Inc. Nanosil(TM) is a proprietary super hydrophobic surface modification process that produces surfaces that are designed to repel water completely. Nanosil(TM) actually modifies the chemical structure of the polymer surface on a nano-scale (molecular level). Atoms of silicon are incorporated into the molecular structure at key points to change the electrical nature of the polymer material. Using this method, the water repellancy can be "tuned" for optimum performance.
October 30, 2002, US Global Aerospace, Inc. is developing a super radome initially focused on both the commercial and military aircraft markets. The goal of the super radome is to join the durability and strength of USGA's proprietary G-Lam(TM) derived nano-fiber technology with the super-hydrophobic surface modification properties derived from USGA's nano-scale surface modification process ("Nanosil(TM)"). The super radome is expected to be bird and impact resistant while also providing superior radar transmissivity. Nanosil(TM) is designed to reduce or eliminate rain sheeting which can virtually blind today's advanced weather radar systems. USGA is developing ballistic resistant versions of the super radome for military applications. These radomes are expected to provide integral armor protection to the aircraft's fragile nose mounted radar equipment and reduce the threat of ballistic penetration of the flight deck area. Several military transport aircraft are the immediate focus for this application.
November 26, 2002, US Global Aerospace, Inc. introduced the "Save A Gunner" (S.A.G.(TM)) Turret Armor System for mounting on high-mobility military, police and security vehicles.
MISCELLANEOUS BUSINESS INFORMATION: As of September 30, 2002 the company had an accumulated deficit of $3,879,759 and total stockholder's deficit of $2,160,505.
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USGA (OTCBB) US Global Aerospace, Inc. Introduces S.A.G(TM) Armored Turret System. Proprietary G-Lam(TM) Anti-Ballistic Material in 'Save A Gunner' (S.A.G.(TM)) Turret Armor System Is Light Weight and Provides Protection from Military Ordnance
TUESDAY , NOVEMBER 26, 2002 06:58 AM
CARSON CITY, Nev., Nov 26, 2002 /PRNewswire-FirstCall via COMTEX/ -- US Global Aerospace, Inc. (OTC Bulletin Board: USGA) (formerly Caring Products International, Inc.) today introduced the "Save A Gunner" (S.A.G.(TM)) Turret Armor System for mounting on high-mobility military, police and security vehicles.
The US Global Aerospace S.A.G.(TM) Turret System has been designed as a highly ballistic resistant lightweight personnel protection shielded turret for the High Mobility Multipurpose Wheeled Vehicle ("HMMWV", commonly pronounced Hum-Vee). There are currently over 150,000 HMMWV's deployed around the world. The S.A.G.(TM) Turret System weighs less than 200 pounds and offers significant ballistic ordnance protection to what would otherwise be a fully exposed soldier. Traditional armor shields are far too heavy and impede the gunner's ability to effectively and rapidly rotate the turret during battle situations.
The superior durability, strength and low weight of the S.A.G.(TM) Turret System comes from US Global Aerospace's proprietary G-Lam(TM) nano-fiber material. G-Lam(TM) is created with a patented computer-designed weaving process that results in a crimp-free material with tensile performance far superior to common anti-ballistic composite materials, which suffer from excessive fiber crimping and a rapid fall-off in woven material strength. US Global designs each G-Lam(TM) nano-scale weave to address specific threat characterizations. The G-Lam(TM) material utilized in the S.A.G(TM) Turret System is designed to repel and protect turret personnel from 7.62 cal ordnance and can be scaled up to .50 cal/12.7 mm military ammunition. Photos of the S.A.G. Turret are accessible at http://www.3rd-mm.com/S.A.G.Turret.htm. For publication please request production-quality images from USGA@3rd-mm.com.
Since G-Lam(TM) is moldable and has a very strong shape memory, US Global Aerospace is currently developing a wide array of G-Lam(TM) applications including shaped body armor and helmets, ground vehicles, helicopters, military shelters, fuel tanks, and cargo containers. USGA is currently using G-Lam(TM) in its Guardian(TM) Anti-Ballistic Panel Cockpit Security Door, which is in its final stages of FAA testing.
US Global Aerospace is also integrating the Nanosil(TM) super hydrophobic treatment process into G-Lam(TM) production to create surfaces that are expected to repel water completely. The Nanosil(TM) process modifies the chemical structure of the polymer surface on a nanoscale level by incorporating silicon atoms into the molecular structure at key points to change the electrical nature of the polymer material. Research in this area is focused on developing an icing-proof aircraft wing surface material.
About US Global Aerospace, Inc.:
US Global Aerospace, Inc. is an aerospace research, development and engineering company with expertise in the emerging field of nanotechnology. US Global Aerospace owns the rights to the patent pending ballistic impact resistant nano-denier fibrous woven sheet, used to produce a proprietary cockpit security door, known as the Guardian(TM) Anti-Ballistic Panel Cockpit Security Door ("Guardian(TM) Door").
These statements are based on assumptions that the management of US Global Aerospace, Inc. believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of US Global Aerospace, Inc. and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and are subject to a wide range of business risks, external factors and uncertainties, including the inability to secure the necessary STC certification from the FAA for the Guardian(TM) Door, the lack of acceptance of the company's products by its customers and prospects, the inability to secure necessary product sales and the inability to obtain necessary substantial capital to manufacture and market its product and otherwise implement its business plan. In each case, actual results may differ materially from such forward-looking statements. US Global Aerospace, Inc. does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.
Company Contact: US Global Aerospace, Inc.
Investor Relations, 817/563-3160
Agency Contact: Rich Schineller
3rd Millennium Management
973-417-8925
USGA@3rd-mm.com
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SOURCE US Global Aerospace, Inc.
CONTACT: US Global Aerospace, Inc., Investor Relations, +1-817-563-3160;
or Rich Schineller of 3rd Millennium Management, +1-973-417-8925,
USGA@3rd-mm.com, for US Global Aerospace, Inc.
URL: http://www.3rd-mm.com/S.A.G.Turret.htm
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LGOV (OTCBB) Largo Vista Announces Completion of First Pipeline Project in China; Major Newspaper Hails It as Significant Environmental Achievement
TUESDAY , NOVEMBER 26, 2002 05:00 AM
NEWPORT BEACH, Calif., Nov 26, 2002 /PRNewswire-FirstCall via COMTEX/ -- Largo Vista Group, Ltd. (OTC Bulletin Board: LGOV), ( http://www.largovista.com ) an international energy company that provides to China environmentally friendly energy alternatives, today announced completion of the Zunyi, China, liquid petroleum gas (LPG) pipeline project, serving more than 1,000 condominiums of government employees in this large city in the Guizhou Province.
The Company said the completion is important for two key reasons. LPG is viewed by the Chinese as an affordable, environmentally sound alternative to the traditional use of coal or wood to cook and heat the home, and the Chinese government has made it a priority for the nation to improve its environment. Additionally, a home served with LPG is considered a better place to live and has higher prestige and value.
By completing this initial project, Largo Vista is now in the position to provide LPG to other residential complexes in Zunyi and elsewhere in the Province, which houses more than 40 million people.
The completion of the project was marked by a major ceremony, featuring top government and other officials, including Chuming Li, Largo Vista's General Manager of Zunyi operations. The Zunyi Evening Daily, the newspaper with the largest circulation in the city, said: "This is the first gas pipeline project providing clean fuel for the civilian residential complex in our region. It means that the city has taken a firm stance to reduce the harm from acid rains due to the use of coal and this will significantly enhance our environmental protection."
"We have now a major opening to take advantage of other pipeline opportunities in Zunyi and elsewhere in that province and we will move expeditiously on this," said Mr. Chuming Li.
For pictures and additional description of the ceremony, please visit http://www.largovista.com .
Largo Vista Group Ltd. ( http://www.largovista.com ) is an international energy company with emphasis on the distribution of liquid petroleum gas in Southern China, providing its government with an environmentally friendly, cost effective energy alternative to traditional use of coal and wood energy sources.
Forward-Looking Statements
Certain statements in this news release that relate to financial results, projections, future plans, events, or performance, are 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 and involve significant risks and uncertainties, including, but not limited to, the following: competition, cost of components, product concentration and risk of declining selling prices. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this release and the Company assumes no obligation to update such forward-looking statements.
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SOURCE Largo Vista Group Ltd.
CONTACT: Paul Knopick of E & E Communications, +1-949-707-5365, for
Largo Vista Group, Ltd.
URL: http://www.largovista.com
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yeah Muell,,,,,,,I expect good things from all the stocks I own,Haaaaaaaaa, Trying to be positive today.................
Rick...
"It is error alone which needs the support of government. Truth can stand by itself."
-Thomas Jefferson
A place to report scum,,,errrrrrrr I mean scams......
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Good morning Rick, I see WLDI is uting today! Expecting good things from them.
Ron
Hey I hold 7 shares of that POS,LOL,,Not,,,,Good morning Muell Josh and all.......
Rick...
"It is error alone which needs the support of government. Truth can stand by itself."
-Thomas Jefferson
A place to report scum,,,errrrrrrr I mean scams......
http://www.investorshub.com/boards/board.asp?board_id=610
LOL, I've played with PCEL so many times I feel like I actually own the company! Which I wouldn't suggest to anyone, lol!
Ron
G/M Muell! LOL you got that right. I bought some shares a long time ago and just held on to them. They have been shrinking like a cotton T-shirt in a hot clothes dryer ever since!!!
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Good morning jibes, Josh and all! Jibes, PCEL is truly a POS company and they have either a very large or several printing presses, lol! If they ever deliver on their promises it will shock the shareholders into cardiac arrest, lol!
Ron
MYNG (OTCBB) GOLDEN EAGLE INTERNATIONAL
--------------------------------------------------------------------------------
Gold Update: Golden Eagle Hits Production Target Early; Company Processing 2,000 Tons Per Day
MONDAY , NOVEMBER 25, 2002 09:01 AM
SALT LAKE CITY, Nov 25, 2002 /PRNewswire-FirstCall via COMTEX/ -- Golden Eagle International, Inc. (OTC Bulletin Board: MYNG) announced today that its gold recovery plant at Cangalli, Bolivia reached 2,000 tons per day in processing of gold-bearing ore on Friday, November 22, 2002, and continuing through the date of this announcement. The conglomerate ore is coming from the Company's temporary open pit operations.
"We are excited about our continued progress and the proven effectiveness of our recovery plant. We are meeting our goals and producing gold," stated Giovanni Viscarra, Golden Eagle's Operations Manager, today from Cangalli, Bolivia.
By the middle of last week, the Company had processed 22,000 tons of ore in its initial start-up phase since September 30, with an average grade of 1.06 grams per cubic meter, or .530 grams per ton, which doubles its target grades used for all of its project modeling. Golden Eagle has not yet begun processing any material from the many known higher-grade paystreaks found in its gold deposit, which it will do once production resumes from its interior mine operation.
Golden Eagle has completed the installation of the conveyor system used in the transport of waste material away from its recovery plant. The Company has also made substantial progress on the installation of its interior mine conveyor system, which will provide inexpensive, high volume ore transport under its conal subsidence block caving mine plan. The Company projects that the ore from its interior mine may be higher grade due to an ore mix containing more material from the higher-grade gold paystreaks found on Golden Eagle's property.
"Our operations team is really energized by our continued progress," declared Ronald Atwood, Ph.D., Golden Eagle's Vice President for Development, from the Company's field offices in Cangalli, Bolivia. "We will continue improving production capacity, improving recoveries, and soon, we project, improving the grade of our ore. We are refining our operation at a good pace."
Golden Eagle International, Inc. is a gold exploration and mining company located in Salt Lake City, Utah, and La Paz, Bolivia. The Company is currently focusing its efforts on developing its mining rights on 74,000 acres in the Tipuani Gold Mining District, an area estimated to have produced 32 million ounces of gold in its known history, located in Western Bolivia; and continuing exploration on 125,000 acres in Eastern Bolivia's Precambrian Shield. Golden Eagle is a mining company with a social conscience, having provided many humanitarian programs at its mine site, including the only hospital, doctor and nurse in Cangalli, Bolivia, for the past six years, as well as having provided for the educational needs of the students in the area during its exploration stage. The Company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: http://www.geii.com
For more information about the company, call Sabrina Martinez in Investor Relations at (801) 619-9320.
Forward-Looking Statements and Disclosure of Risk
The future conduct of Golden Eagle's business and its response to issues raised by third parties are dependent upon a number of factors, and there can be no assurance that Golden Eagle will be able to conduct its operations as contemplated. Certain statements contained in this release using the terms "may," "expects to," "projects," "estimates," "plans," and other terms denoting future possibilities, are forward-looking statements in accordance with the Private Securities Litigation Reform Act of 1995. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond Golden Eagle's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to, the risks described in the above press release; those risks set out in Golden Eagle's disclosure documents and its annual, quarterly and current reports; and the other risks associated with start-up mineral exploration operations with insufficient liquidity, negative working capital, and no historical profitability. Golden Eagle disclaims any obligation to update any forward-looking statement made herein.
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SOURCE Golden Eagle International, Inc.
CONTACT: Sabrina Martinez, Investor Relations of Golden Eagle,
+1-801-619-9320
URL: http://www.geii.com
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PAHG (OTCBB) Patron Holdings, Inc. Subsidiary Patron Systems, Inc. Signs Definitive Merger Agreement with TrustWave Corp.
MONDAY , NOVEMBER 25, 2002 08:59 AM
CHICAGO & ANNAPOLIS, Md., Nov 25, 2002 (BUSINESS WIRE) -- Patron Systems, Inc., a wholly owned subsidiary of Patron Holdings, Inc. (OTCBB:PAHG), announced that it has executed a definitive merger agreement with TrustWave Corp., a Maryland corporation. Under the terms of the agreement, TrustWave will become a wholly owned subsidiary of Patron. TrustWave shareholders will receive, in the aggregate, $20,000,000 in cash and approximately 8,850,000 shares of Patron common stock, subject to a one-time increase based on the trading price of such shares. The closing of the acquisition is subject to normal closing conditions, including approval of the TrustWave shareholders, the receipt of adequate financing to complete this transaction and obtaining additional working capital funding.
"Through this transaction, TrustWave has taken a major step in delivering its market-leading security services to a larger audience of corporate and government clients," said TrustWave President and CEO, Joseph Patanella. "We look forward to working with the leadership of Patron Systems to capitalize upon the growing information security needs of organizations across all industries."
As previously announced, TrustWave was formed in 1995 by Joseph Patanella, an eighteen year veteran of the National Security Agency (NSA). TrustWave provides Enterprise Information Assurance services and solutions to a wide range of corporate, educational, and government clients. TrustWave was the first organization to be rated and certified by the NSA to conduct Critical Infrastructure Assessments under the Agency's INFOSEC Assessment Methodology (IAM), a key to Presidential policy establishing information security benchmarks for the nation's critical infrastructure.
Focused on network and Internet security issues for over twenty years, former NSA operatives comprise the core of the technical services staff of TrustWave and have extensive experience in Information Technology and security solution implementation for the U.S. Department of Defense, the U.S. Secret Service, the U.S. Department of Justice and the Federal Bureau of Investigation.
The Company's cadre of Fortune 500 clients in the financial and healthcare industries selected TrustWave to address enterprise-wide Information Assurance concerns which are broader and deeper than traditional system intrusion prevention. TrustWave works with large corporations and government agencies within a framework of systems and network engineering to develop strategic information security solutions. TrustWave is in a unique position to identify and deploy the best technical solutions for the enterprise actively securing the client (network) by monitoring events from threats both internal and external in a globally networked communications environment. TrustWave has also trained federal law enforcement agents in electronic forensics and intrusion detection techniques.
TrustWave has expertise in all areas of Information Assurance, and offers the following services:
Vulnerability Assessments -- organizational as well as custom
application penetration testing and software code review
Information Assurance Program Development
Security Policy Development
Secure Architecture Design
Electronic Forensics and Investigations
Security Training
Solutions Design, Development, and Deployment -- including
firewall implementation, secure remote and Internet access,
Intrusion Detection Systems (IDS), Virtual Private Networks
(VPN) and electronic business applications, such as eCommerce
applications and public key infrastructure (PKI).
TrustSentry(R) 24x7 Managed Security Services -- a
comprehensive security outsourcing solution that incorporates
policy and architecture review with firewall and IDS
management, including periodic vulnerability scanning.
TrustWave has also developed a breakthrough product called TrustKeeper(R), allowing organizations to measure compliance with any number of regulatory requirements or guidelines for information security. This product, which has been initially launched through First Data Corporation as its standard e-merchant security compliance program, can also be used to ensure HIPAA and GLBA compliance in the healthcare and financial industries. It can also be tailored to ensure compliance with proprietary information security policies developed by an organization or in concert with a TrustWave Security Policy Development program.
The professional services staff of TrustWave will comprise the initial security specialist resource requirements for Patron client projects.
More information about TrustWave Corporation is available at www.trustwave.com.
About Patron Holding, Inc.'s subsidiary Patron Systems, Inc.
Patron Holding, Inc. subsidiary, Patron Systems, Inc., is a development stage information security company incorporated in April 2002 to provide security services and technology products to global enterprises. Patron's Security Services Group intends to work with organizations to provide comprehensive, certifiable solutions for trusted information environments. Initial offerings are contemplated to include vulnerability assessments; compliance and certification reviews, training, remediation, monitoring, and managed services. Patron's Technology Products Group, through its planned acquisition of third generation software and hardware, plans to help enterprises address security needs holistically throughout the IT environment. Patron Systems intends to deploy products maintaining the highest standards of independence, product quality and functionality, as well as ROI for the client organization.
Forward Looking Statements
The statements made in this press release are forward-looking and are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. There can be no assurance that the proposed transaction will be completed. The uncertainties and risks also include, but are not limited to, the ability to complete the proposed acquisition of TrustWave or any other acquisitions, the ability of PAHG, Patron or TrustWave to execute effectively its business plan, changes in the market for information security solutions, changes in market activity, anticipated increases in customers, seasonality, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. PAHG and Patron assume no obligation to update information concerning its expectations.
CONTACT: Patron Systems, Inc., Chicago
Ryan Kirch, 312/493-2171
IR@patronsystems.net
or
Capital Market Relations
Chris Rosgen, 949/481-9739
or
TrustWave Corp., Annapolis, Maryland
Joseph Patanella, 410/573-6910 ext. 2616
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UNMG (OTCBB) The UniMark Group Receives Going Private Proposal
MONDAY , NOVEMBER 25, 2002 08:47 AM
The UniMark Group, Inc. (OTCBB: UNMG) issued a press release on Friday, announcing that it received a proposal from its largest shareholder, M&M Nominee LLC, in which a company to be formed by M&M Nominee would acquire all of UniMark's outstanding shares of common stock not already owned by M&M Nominee for $0.65 per share in cash. Presently, M&M Nominee owns 13,149,274 shares of UniMark's common stock accounting for 62.5% of all issued and outstanding shares. Further, UniMark announced that its Board of Directors is forming a special committee of disinterested directors to review the proposal.
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FPDI (OTCBB) Front Porch Digital Chosen by TPS to Archive Video; DIVArchive to Streamline Access to Television Content for French Pay-TV Channels
MONDAY , NOVEMBER 25, 2002 08:01 AM
NEW YORK, Nov 25, 2002 /PRNewswire-FirstCall via COMTEX/ -- Front Porch Digital Inc. (OTC Bulletin Board: FPDI) today announced that La Television Par Satellite (TPS) has chosen Front Porch Digital to provide a digital video archive solution for its Pay-TV channels.
TPS, a leading French satellite television company with more than one million subscribers, selected Front Porch Digital's Distributed Intelligent Versatile Archive (DIVArchive) to create and manage a powerful digital video archive system in response to the expanding needs of its successful Pay-TV operations.
"Our partnership with Front Porch Digital will enable us to keep up with cutting-edge advances in digital video archive solutions," said Stephane Merires, Broadcast Manager at TPS. DIVArchive meets the stringent requirements of the Broadcast industry: 24/7 IT operations, the ability to archive significant volumes of video and access the maximum amount of content. In addition, no other solution offered the same level of flexibility. After comparing a large number of solutions and companies, we selected Front Porch Digital because of their impeccable track record in the Broadcast industry, perfect fit with our requirements, and best-in-class integration services."
"We are thrilled to be selected by TPS as their archive solution," said FPDI European Division's Director of Business Development of Broadcast, Rino Petricola. "TPS requires a high-performance, reliable video archive system that can sustain daily transfers of more than 80 hours of high-quality (20 Mbit/s) video and manage more than 7,500 hours of movie and promotional content. Front Porch Digital fulfills all of TPS' needs efficiently and economically. Our selection further solidifies Front Porch Digital's leadership position in the Broadcast industry."
TPS joins Front Porch Digital's growing list of global Broadcast clients, which include Eastern Television in Taiwan, Paris Premiere in France, PBS in the US, Central China TV in China and Taj Television Ltd. in Dubai.
About Front Porch Digital: Front Porch Digital Inc. (www.fpdigital.com) is transforming the digital world by developing unique software and services that convert audio, video, images, text and data into digital formats that enable searching, browsing, editing, storage and on-demand delivery of content in nearly any other digital format through a single capture. To join Front Porch Digital's investor e-mail list, please complete the form found at http://www.fpdigital.com/html/e-mail_notification.html.
About La Television Par Satellite: La Television Par Satellite (TPS) broadcasts an offering of over 200 channels and services in digital quality with all national channels in digital TV on an exclusive basis, 5 Pay-TV movie channels, 7 pay-per-view movie and sports channels, thematic family channels, a large selection of options, 70 channels from around the world, nearly 60 permanent interactive services and 42 radio stations available in "CD"-quality sound. TPS also develops and supplies interactive channels and services. TPS headquarters are located near Paris, France and today counts 500 employees. TPS's shareholders are: TF1 (66%) and M6 (34 %).
Front Porch Digital Forward-Looking Statements: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which reflect Front Porch Digital's current views with respect to future events and financial performance. Such statements are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated from such forward-looking statements. The potential risk factors include Front Porch Digital's limited operating history and experience in the data and video digital conversion business, Front Porch Digital's ability to attract significant additional financing and incur operational losses and negative cash flow, and risks associated with expansion. Additional risk factors are set forth in Front Porch Digital's reports and documents filed with the Securities and Exchange Commission.
TRADEMARKS: All products or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
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SOURCE Front Porch Digital Inc.
CONTACT: Mary S. Park of Front Porch Digital, +1-646-336-0366 or
mpark@fpdigital.com; or Virginie Halleux of TPS, + 33 (0) 1 41 33 88 18 or
vhalleux@corp.tps.fr
URL: http://www.fpdigital.com
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PAHG (OTCBB) Patron Holdings, Inc. Subsidiary Patron Systems, Inc. Signs Definitive Agreement to Acquire Entelagent Software Corp.
MONDAY , NOVEMBER 25, 2002 07:02 AM
CHICAGO, Nov 25, 2002 (BUSINESS WIRE) -- Patron Systems, Inc., a wholly owned subsidiary of Patron Holdings, Inc. (OTCBB: PAHG), announced that it has executed a definitive agreement to acquire Entelagent Software Corp., a California corporation. Under the terms of the agreement, Entelagent will become a wholly owned subsidiary of Patron. The shareholders of Entelagent will receive, in the aggregate, 1,800,000 shares of Patron common stock and Patron will assume certain debts and obligations of Entelagent. The closing of the acquisition is subject to customary closing conditions, including approval of the Entelagent shareholders, the consummation of Patron's acquisition of TrustWave Corp., a Maryland corporation, and obtaining additional working capital funding.
Entelagent provides enterprise-wide solutions for optimizing real-time electronic mail surveillance, pre and post-event review of email and attachments, archiving, and policy management. The core of the Entelagent architecture is SAMS Online(R) a scalable, full-function email gateway server that is hardware, operating system, email system and network independent.
"We are pleased with the opportunities provided by the Entelagent product line in assisting organizations with email and attachment risk management," said Brett Newbold, President of Patron Systems Technology Products Group. "Going forward, we see significant development prospects for the SAMS Online(R) platform beyond email content surveillance, including Instant Messaging, chat and checkpointing all information leaving and entering the enterprise. With the Entelagent platform as a base, we will be able to ensure that nothing sensitive, confidential, or proprietary leaves the enterprise electronically without proper authority."
Recent investigations by Eliot Spitzer, Attorney General of New York, into email content and archiving procedures has shown that many organizations in the financial services industry are not complying with current industry legislation and regulation. While the investigation continues, several large institutions have been heavily fined and have agreed to rapidly upgrade their email policies and procedures. Entelagent has quickly become the leading email content monitoring and archiving software to the financial services industry including global customers such as: Goldman-Sachs, Mellon Bank, Nomura Securities, Daiwa Securities America and Edward Jones & Company.
Key components of the Entelagent offering are two proprietary software agents, the Surveillance Agent and Archive/Data Mining Agent.
The Surveillance Agent features an open, multilingual, rule-based lexicon to support email management, centralized authority, decentralized responsibility and accountable content security. The lexicon is readily customizable to serve the unique needs of SEC Compliance Officers, Human Resources, Accounting, Internal Audit, Marketing & Sales and other departments. The multi-tier, multi-group functionality and rule-based lexicon supports customization to match the client's policies and procedures on an individual, group, office/branch, department, division, subsidiary or enterprise-wide level.
The Archive/Data Mining Agent enables authorized users to find archived messages, anywhere, any time, subject to their access privileges. The Data Mining Agent, like the Surveillance Agent, automatically logs and tracks all end-user activities, so that a complete audit trail is maintained by the system. Further, the Data Mining Agent is fully integrated with the Surveillance Agent, allowing a reviewer to conduct research on prior messages involving the same sender or related subjects. In compliance with SEC rule 17a-4, the product automatically performs complete archiving onto optical media such as WORM jukeboxes or other media, as required.
More information about Entelagent Software Corp. is available at www.entelagent.com.
About Patron Holdings, Inc. Subsidiary Patron Systems, Inc.
Patron Holdings, Inc. subsidiary, Patron Systems, Inc., is a development stage information security company incorporated in April 2002 to provide security services and technology products to global enterprises. Patron's Security Services Group intends to work with organizations to provide comprehensive, certifiable solutions for trusted information environments. Initial offerings are contemplated to include vulnerability assessments; compliance and certification reviews, training, remediation, monitoring, and managed services. Patron's Technology Products Group, through its planned acquisition of third generation software and hardware, plans to help enterprises address security needs holistically throughout the IT environment. Patron Systems intends to deploy products maintaining the highest standards of independence, product quality and functionality, as well as ROI for the client organization.
Forward Looking Statements
The statements made in this press release are forward-looking and are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. There can be no assurance that the proposed transaction will be completed. The uncertainties and risks also include, but are not limited to, the ability to complete the proposed acquisition of Entelagent or any other acquisitions, the ability of PAHG, Patron or Entelagent to execute effectively its business plan, changes in the market for information security solutions, changes in market activity, anticipated increases in customers, seasonality, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. PAHG and Patron assume no obligation to update information concerning its expectations.
CONTACT: Patron Systems, Inc., Chicago
Ryan Kirch, 312/493-2171
IR@patronsystems.net
or
Capital Market Relations
Chris Rosgen, 949/481-9739
or
Entelagent Software, Corp., Aliso Viejo CA
William Hammon, 949/831-8350, Ext. 1204
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PRVH (OTCBB) Providential Holdings to Increase Revenue through Sears and FAO Schwarz; New Toll-Free Hot Line Also Installed for Providential Shareholders' Special Discount Program
MONDAY , NOVEMBER 25, 2002 07:02 AM
FOUNTAIN VALLEY, Calif., Nov 25, 2002 (BUSINESS WIRE) -- Providential Holdings, Inc. (OTCBB:PRVH), (www.prvh.com) today announced that the award-winning mobile video game system Gamego(TM) of ATC Technology Corp., (www.atctech.com) a wholly-owned subsidiary of the company, is now available on the web sites and catalogs of Sears Roebuck & Co (NYSE:S) and FAO Schwarz (NASDAQ:FAOO) for Holiday Season shopping. At the time of this announcement, Sears and FAO have sent out several million catalogs to their customers with ATC's Gamego(TM) product featured.
The Gamego(TM) product can be accessed through Sears Wish Book, www.sears.com/gifts, and FAO Schwarz, www.fao.com by entering "Gamego" in the Product Search field.
Providential Holdings anticipates a significant revenue increase for the quarter, due to the ATC Technology Gamego(TM) product distributorship programs in place. Providential Holdings CEO Henry Fahman commented, "We believe the ATC arrangement with FAO and Sears will enhance our bottom line dramatically." "The mobile entertainment industry is one of the fastest growing industries to date; we are very pleased with this announcement and expect substantial success."
Compatible with Xbox, PlayStation2 and Nintendo GameCube, DVD or VHS player in a car or on a boat, Gamego(TM) provides a color LCD Screen and a power module that converts the car voltage from 12 volts to 110/220 volts, allowing power to the game console, DVD or VHS. It features a 5.6-inch matrix LCD display, car adapter and power converter, backpack, headphones and built-in speakers.
The Gamego(TM) Hi-Definition Screen works well even in direct sunlight. It installs in minutes, has adjustable viewing angles and takes up very little space in any car.
ATC Technology has also installed a toll-free hot line (1-800-351-1243) to serve Providential shareholders through the recently announced special discount program for the Holiday Season.
Providential and ATC management believes the demand for these award-winning products, Gamego(TM) and Vidego(TM) will increase substantially thanks to their value, performance, convenience, and design.
About Providential
Providential Holdings, Inc. is a diversified holding company committed to creating shareholder value through growth. The company focuses on selective technologies, financial services, international markets and special situations. Products and services include liquid crystal displays (LCD's), mobile entertainment systems, information technology, identification technology, industrial and construction equipment, telecommunications, and computer hardware and software.
The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL: http://www.prvh.com
Safe Harbor:
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.
CONTACT: ATC Technology
Keith Wong, 480/966-6800
kwong@atctechnologycorp.com
or
Providential Holdings
Henry Fahman, 714/849-1577
henry@prvh.com
or
Investor information: 866-THE-APPLE or 866-843-2775
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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Ron.
Ah, I see. Good hedge.
Now if you meant a bottom for a quick bounce you maybe right. If on the other hand another intermediate term run up like the one in april (wow! what a bounce) there are no clues now, like there were then, that a change in the trend is near.
But, believe it or not I could be wrong. #:)
Jibes
Trendseekers at:
http://jibes0.tripod.com/trendseeker.html
LOL, thats why I included the word maybe!
Ron
Ron
I don't see it yet. Wishfull thinking?
Jibes
Trendseekers at:
http://jibes0.tripod.com/trendseeker.html
Picked up some WLFO today on the bid side. If they get that $500M in financing done it will be a major pop.
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PRVH (OTCBB) Providential Holdings Engages in Identification Technology First Developed by Lucent/Bell Labs for Authentication Systems and Homeland Security
FRIDAY , NOVEMBER 22, 2002 07:00 AM
FOUNTAIN VALLEY, Calif., Nov 22, 2002 (BUSINESS WIRE) -- Providential Holdings, Inc. (OTCBB:PRVH) today announced that it had entered into an agreement to engage in security systems and services through an innovative biometric authentication technology originally developed by Lucent/Bell Labs (NYSE:LU).
According to the agreement, Providential will acquire a majority interest and continue to invest in ClearPass, Inc., which has arranged to secure the licensing rights to a unique biometric authentication technology for the United States, Canadian and European markets. The Company has previously signed a Letter of Intent and already made initial investments into this project.
First developed by Lucent/Bell Labs, this unique technology uses both the fingerprint and live sweat glands to establish a foolproof identification process which has recognition time of 0.5 second, False Accept Ratio (FAR) of 0% and False Reject Ratio (FRR) of 0.0001%. Thanks to its accuracy, this technology can be utilized in a wide range of applications: Corporate intranets and the Internet, banking and financial services, health care and insurance, databases, retail point-of-sales (POS), entitlement programs, mobile computing, remote network access, and Homeland Security.
Henry Fahman, chairman and CEO of Providential Holdings, stated: "This exciting engagement will enable the Company to participate in the high-demand multi-billion dollar security systems and services industry and will ultimately create significant value for our shareholders and investors."
About Providential
Providential Holdings, Inc. is a diversified holding company committed to creating shareholder value through growth. The company focuses on selective technologies, financial services, international markets and special situations. Products and services include liquid crystal displays (LCD's), mobile entertainment systems, information technology, identification technology, industrial and construction equipment, telecommunications, and computer hardware and software.
The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL: http://www.prvh.com.
Safe Harbor:
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.
CONTACT: Providential Holdings Inc., Fountain Valley
Henry Fahman, 714/849-1577
henry@prvh.com
or
Investor information, 866/THE-APPL or 866/843-2775
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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AVHC - News: http://www.investorshub.com/boards/read_msg.asp?message_id=590752
IMHO this company will be a roaring success. Treatment of slow healing wounds is a major, major problem for many patients; especially diabetics and the elderly.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
BMKS and ENGY both up this morning..........
BMKS is profitable, and has the only form of gaming machine that they will allow in GA (..hence, other tough states..). News soon.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
BIG BROTHER READY TO SPY ON YOU, YOUR COMPANY?
http://www.nytimes.com/2002/11/14/opinion/14SAFI.html
William Safire says it's worse than Orwellian, and it's "now."
William Safire is no screaming liberal or even liberterian. In fact he started his career writing speeches for Spiro Agnew.
So it's a cause for alarm when Safire takes pen to warn of an impending 'Big Brother' law that could result in full-time, round-the-clock spying on "every purchase you make with a credit card, every magazine subscription you buy and medical prescription you fill, every Web site you visit and e-mail you send or receive, every academic grade you receive, every bank deposit you make, every trip you book and every event you attend — all these transactions and communications will go into what the Defense Department describes as 'a virtual, centralized grand database'."
"To this computerized dossier on your private life from commercial sources, add every piece of information that government has about you — passport application, driver's license and bridge toll records, judicial and divorce records, complaints from nosy neighbors to the F.B.I., your lifetime paper trail plus the latest hidden camera surveillance — and you have the supersnoop's dream: a "Total Information Awareness" about every U.S. citizen," warns Safire.
For companies it could be even worse.
"This is not some far-out Orwellian scenario. It is what will happen to your personal freedom in the next few weeks if John Poindexter gets the unprecedented power he seeks," Safire warns.
"Remember Poindexter?" asks Safire. "Brilliant man, first in his class at the Naval Academy, later earned a doctorate in physics, rose to national security adviser under President Ronald Reagan. He had this brilliant idea of secretly selling missiles to Iran to pay ransom for hostages, and with the illicit proceeds to illegally support contras in Nicaragua.
"A jury convicted Poindexter in 1990 on five felony counts of misleading Congress and making false statements, but an appeals court overturned the verdict because Congress had given him immunity for his testimony. He famously asserted, "The buck stops here," arguing that the White House staff, and not the president, was responsible for fateful decisions that might prove embarrassing.
"This ring-knocking master of deceit is back again with a plan even more scandalous than Iran-contra. He heads the 'Information Awareness Office' in the otherwise excellent Defense Advanced Research Projects Agency, which spawned the Internet and stealth aircraft technology. Poindexter is now realizing his 20-year dream: getting the "data-mining" power to snoop on every public and private act of every American.
"Even the hastily passed U.S.A. Patriot Act, which widened the scope of the Foreign Intelligence Surveillance Act and weakened 15 privacy laws, raised requirements for the government to report secret eavesdropping to Congress and the courts. But Poindexter's assault on individual privacy rides roughshod over such oversight.
"He is determined to break down the wall between commercial snooping and secret government intrusion. The disgraced admiral dismisses such necessary differentiation as bureaucratic 'stovepiping.' And he has been given a $200 million budget to create computer dossiers on 300 million Americans (and presumably the companies they run or work for).
"When George W. Bush was running for president, he stood foursquare in defense of each person's medical, financial and communications privacy," notes Safire. "But Poindexter, whose contempt for the restraints of oversight drew the Reagan administration into its most serious blunder, is still operating on the presumption that on such a sweeping theft of privacy rights, the buck ends with him and not with the president.
"This time, however, he has been seizing power in the open. In the past week John Markoff of The Times, followed by Robert O'Harrow of The Washington Post, have revealed the extent of Poindexter's operation, but editorialists have not grasped its undermining of the Freedom of Information Act.
"Political awareness can overcome 'Total Information Awareness,' the combined force of commercial and government snooping. In a similar overreach, Attorney General Ashcroft tried his Terrorism Information and Prevention System (TIPS), but public outrage at the use of gossips and postal workers as snoops caused the House to shoot it down. The Senate should now do the same to this other exploitation of fear."
Safire notes that the Latin motto over Poindexter's new Pentagon office reads 'Scientia Est Potentia' — "knowledge is power." Exactly, says Safire: "the government's infinite knowledge about you is its power over you."
"We're just as concerned as the next person with protecting privacy," this brilliant mind blandly assured The Post. "A jury found he spoke falsely before," concludes Safire.
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CEOCAST Weekly Update
VOLUME 57
The markets continued their upward climb this week, as investors took comfort from solid data on consumer spending on Thursday and improved Consumer Confidence numbers on Friday to shrug off a slew of analyst downgrades and disappointing numbers from technology leaders Dell Computer (NASDAQ: DELL) and Applied Materials (NASDAQ: AMAT). The Dow Industrials rose 42 points, or 0.49%, the Nasdaq added 52 points, or 3.82% and the S&P 500 jumped 15 points, or 1.69%. The 10-year Treasury’s yield surged 20 basis points, reaching 4.05%, which helped to support stocks, as money often moves out of the bond market when stocks rally.
The size and magnitude of the move in the Nasdaq has confounded many "experts". The Index has now gained 302 points, or 27.2% since it made a new low on October 8th. While technology stocks have led the rally, the sector that usually leads the Nasdaq higher, semiconductors, has posted outsized gains without any improvement in fundamentals. Investors have seemingly ignored what the companies themselves have said, as chip equipment makers KLA-Tencor (NASDAQ: KLAC) and most recently Applied Materials guided below next quarter’s consensus estimates. In addition, there have been a slew of downgrades on the sector, as Merrill Lynch was the most recent firm to downgrade Intel (NASDAQ: INTC) and the sector to a Sell from Neutral. Momentum investors have not seemed to care, as the Semiconductor Index is up 52% from its October lows.
We believe that these gains are likely not sustainable, and that traders have focused on the technical side of the rally, as opposed to fundamentals. This suggests that there is likely to be a corrective phase, and that the Nasdaq’s meteoric rise is likely to see some profit-taking, especially as it closes in on the 1,420-1,423 range which stymied the Summer’s rally. It also brackets the September 11th-induced reaction lows that bottomed at 1,423, as well as the reaction lows of October 1998 that bottomed at 1,419. Should the Nasdaq take this resistance level out, it is likely to trigger significant further technically-driven buying.
What should investors expect this week? Earnings season has come to a close, and there is likely to be little market-moving corporate news or economic data this week. There will be more news coming out of the retail sector, however, as home retailer Lowe’s (NYSE: LOW) posts results before the market opens on Monday, along with Toys R Us (NYSE: TOY). Agilent (NYSE: A) is expected to lose 12 cents per share when it announces fourth quarter results Monday afternoon. Tuesday morning, Home Depot (NYSE: HD), Staples (NASDAQ: SPLS) and William Sonoma (NYSE: WSM) post results. Wednesday, after the close, Hewlett-Packard (NYSE: HWP) will release its eagerly-anticipated results, which are expected to match analysts’ expectations of 22 cents EPS. Thursday, before the market opens, Foot Locker (NYSE: Z), Sharper Image (NASDAQ: SHRP) and Claire’s Stores (NYSE: CLE) continue the barrage of retailers announcing results. Thursday evening, Brocade Corporation (NASDAQ: BRCD) will give investors insight into the storage sector with the announcement of its fourth-quarter results (EPS of 7 cents expected), while Krispy Kreme (NYSE: KKD) completes the calendar Friday morning. Look for investors to pay close attention to what retailers have to say to gain insight into the spending levels of consumers.
The conference season continues this week, as Lehman Brothers hosts a three-day Semiconductor and Computer Systems Conference in San Francisco beginning Monday. Texas Instruments (NYSE: TXN), Applied Materials, Micron (NYSE: MU) and Qualcomm (NASDAQ: QCOM) will highlight the companies presenting. Bill Gates will kick off the COMDEX Conference that begins tonight in Las Vegas. Often, this has been a forum for the launch of new products. Cisco Systems (NASAQ: CSCO) will hold its annual meeting on Tuesday at 1 p.m. eastern time. CSFB will hold a High Yield Media and Wireless Conference on Tuesday in New York, and CIBC will hold an Advertising and Marketing Conference on Thursday. General Electric (NYSE: GE) will hold an Analyst Meeting on Thursday. Perhaps there is no better example of a fallen icon than AT&T Corporation (NYSE: T). The company will complete a 1-for-5 reverse split on Monday.
On the economic front, there is little market moving data this week. On Tuesday, the October Consumer Price Index is expected to show that inflation is still tame. Wednesday, October Housing Starts are expected to east to 1.71 million annual units. Thursday, the October Leading Indicators, November Philadelphia Fed Survey and the October Treasury Budget will be released throughout the day, beginning at 10 a.m. The European Central Bank will have a meeting on Thursday.
Our Special Situation stocks continue to outperform the market. In particular, several of the stocks that we launched coverage of recently have soared. Hybridon, Inc. (OTCBB: HYBN), a promising biotech company, which employs synthetic DNA in the discovery and development of novel therapeutics and diagnostics, was recently recognized by Inc. Magazine as one of the 50 most innovative small companies in America. The stock added another 5 cents this week, and is now up nearly 50% since we initiated coverage five weeks ago. It closed at $1.15, giving it a market capitalization of approximately $55 million.
Pinnacle Systems (NASDAQ: PCLE), which provides broadcasters and consumers with cutting-edge digital media creation, storage, and play-back solutions, continues to innovate. This time, the company launched PCTV Deluxe, a state-of-the-art digital media solution that connects PC and TV entertainment capabilities into a single, cost-effective product for under $200. Consumers can now use their existing desktop or laptop PC to watch TV and digitally record programs for time-shifted viewing. Peddie Research estimates that the number of US households using a Personal Video Recorder to manage their television viewing will increase from nearly 2 million by the end of 2002 to nearly 5 million in 2003. The solution is currently available through major retailers. The stock ended the week at $13.63, up 44.5% since we began coverage.
PSS World Medical, Inc. (NASDAQ: PSSI) continues to recover from the Goldman Sachs downgrade, which was less a function of the company’s performance and more of a change in the way the firm rates companies. The company, which is a specialty marketer and distributor of medical products to physicians and long-term care providers, recently reported its second quarter results for the period ended September 27th. The company posted a 6.3% increase in sales from continuing operations to $288 million, but we believe this is not what investors should focus on. Its definitive agreement to sell its imaging business will allow it to focus on its alternate site businesses. This will enable the company to leverage its Physician and Long-Term Care Businesses, which are expected to lead to both top-line and profit expansion for the company. The stock ended the week at $6.14, up 23 cents.
BIO-key International (OTCBB: BKYI), the leader in finger-based biometric identification, increased yet again this week. The stock jumped 23% to $0.69 as it announced that it would team with Intel Corporation for airport and travel security. BIO-key's "True User Identification™" software, which enables fingerprint-based one-to-many positive biometric identification in a wide variety of commercial and governmental applications for information security and access control, continues to gain traction among the leading technology companies in America. Recently, the company presented at its partner Oracle Corporation’s OracleWorld. The stock is up 64% since we began coverage.
Tri-Valley Corporation (OTCBB: TRIL) held its Annual Shareholders Meeting on Saturday, which had approximately 100 investors in attendance, and it is easy to understand why. The company, which targets high-impact drilling opportunities through its Opus I drilling program, is up 70% since we initiated coverage. The shareholders overwhelmingly approved management’s strategies at the Annual Meeting, and we expect that developments out of its drilling program are likely to move the stock back to its 52-week high of $2.65. The company is likely to soon obtain additional funding for its drilling program, which would enable it to accelerate its activities by increasing the number of wells it is currently drilling. Investors currently await results from highly promising prospects at Aurora and Sunrise-Mayel, which are expected before year-end. The stock ended the week at $2.12
Tengasco Corporation (AMEX: TGC), another exploration and production company based in Tennessee, announced unimpressive third quarter results this week. The company was negatively impacted by an ongoing dispute with its lender, Bank One Corporation. As a result, it lacked the drilling capital necessary to develop its Swan Creek Field, resulting in the company posting a loss of $721,879 for the September period, or $0.08 per share. We believe that the bad news is now all in the share price, and that the company’s recent settlement with the Bank will now enable it to attract capital for its drilling activities. The company plans to develop a drilling fund, similar to Tri-Valley, to share the exploration risk with investors. The company’s focus is on shallow-drilling, low-risk activities. It has one of the lowest finding costs in the country at its Swan Creek Field in Tennessee, and a pipeline in Kansas, which is not even carried on its books, could fetch $3 to $4 million in a sale. It also has a pipeline in Tennessee that could be worth what the entire company is currently valued at. The stock ended the week at $2.25, giving this asset-rich company a valuation of just approximately $25 million.
This week is expected to be the coming-out party for SurgiCare’s (AMEX: SRG) new management, as company executives are expected to host a call on Tuesday after the market closes to discuss the company’s third-quarter results. We expect that the company will take additional charges for receivables, the land deal and the termination of the Aspen Healthcare transaction. Savvy managers will often write-off everything they can when taking over a troubled company, and we have been impressed by new SurgiCare management and would expect nothing different here. We think investors will be most interested in hearing whether the company has been successful in raising capital and restructuring its balance sheet. If it is successful, we believe that the stock is likely to rise from current levels. The company’s core business appears to be solid, and we would expect that the company will begin to generate solid earnings in 2003. The stock has increased 114% in November, closing at $0.62 on Friday.
GenStar Therapeutics (AMEX: GNT) reported third quarter results this week for the period ended September 30th, and the company announced that it would focus its clinical development activities principally on VEGF-2, a gene-based therapy for the treatment of severe cardiovascular disease and angina. GenStar plans to enter into a services agreement with its merger partner Vascular Genetics for the development of the product until the merger is completed, which will likely occur early next year. The company currently has $7.7 million in cash and cash equivalents. We believe this strategy is a prudent one, as it will enable the company to take the product into the clinic with its current resources. Humane Genome and Baxter International Inc. would each hold a 15% stake in the new company. The stock ended the week at $0.51.
We continue to remain quite high on Silverado Gold Mines Ltd. (OPCBB: SLGLF), as the stock continues to rise despite a downturn in the mining sector. While gold has seen profit-taking as a result of the rally in the broader market, the company is up 10% since we began coverage last month, as a result of highly-promising opportunities at its Nolan Mine in Alaska. The company expects to generate gold sales of $7.5 million, which are helped by the premium it is able to charge over spot gold prices because of the jewelry-grade quality of its nuggets. The company has also funded its activities for the next 12 months, so there is likely to be no interruption in production. The stock ended the week at $0.445 and represents an excellent hedge against geo-political instability.
SmartServ Online, Inc. (NASDQ: SSOLC) announced this week that Business Week Online had entered into an agreement with it to develop, host and distribute a BusinessWeek Online Daily Briefing on a variety of wireless platforms including Qualcomm's BREW™ technology, Java™ 2 Platform and Micro Edition (J2ME™TM). The company continues to gain momentum in becoming the leading provider of financial services branded products and services to wireless carriers and their customers. The company had previously announced an agreement with Forbes.com. The stock ended the week at $1.28.
Ballistic Recovery Systems Inc. (OTCBB: BRSI), that has delivered over 17,000 parachute systems around the world, announced this week that it was awarded a new Phase II contract worth $600,000 from the Small Business Innovative Research. This entity provides an opportunity for small, high technology companies and research institutions to participate in Government-sponsored R&D efforts in key technology areas. This will permit its engineers to study ways to improve the state-of-the- art technology for emergency parachutes. A key focus will be on "personal jets" which may play a crucial role in NASA's Small Aircraft Transportation System concept. NASA has been developing this idea for years and the agency envisions parachutes and light jets as logical partners in this exploration of future transportation. The stock closed at $1.10, up 3 cents for the week and 10% since we began coverage last month.
USA Technologies (OTCBB: USTT), a leader in wireless non-cash and m-commerce transactions, announced this week that its e-Port™ cash-less payment transaction system that is already making substantial inroads in the vending industry in the United States, would now target the huge Japanese vending machine marketplace. e-Port™, the first Internet connected cash-less transaction solution developed for vending machines with the help of IBM among others, made its debut in Japan at VENDEX Japan 2002. Since the machines are connected to the Internet, vending machine operators will have the ability to monitor sales remotely. This remote audit capability will ensure the machines are always stocked and able to generate revenue. There are more than 5.7 million vending machines in Japan alone. The vending industry is estimated at over 30 million worldwide locations. USA Technologies expects to establish itself in the Japanese marketplace through Altech, a major distributor of industrial, technology and equipment and vending equipment. The stock ended the week at $0.165.
Cavell Energy Corporation (TSX: KVL), a Western Canadian-based exploration and production company, announced impressive third quarter results for the period ended September 30th. The company during the quarter commenced drilling under a farmout agreement it had with Husky Energy in West Central Saskatchewan, and completed a seismic program on the Little Pine First Nations Home Reserve. Most significantly, it proved the reserve and production potential of its Shackleton lands in South West Saskatchewan. The company has now increased reserves by 41% for the first nine months of the year, to 7.5 million boe (6:1). It has also grown established reserves by 46% to 9.2 million boe. The company’s net asset value is now $2.25 per share, well above its current share price. The company should also benefit from recent changes to the royalty and tax treatment of energy companies in the Province of Saskatchewan. The stock closed the week at $1.22 on heavy volume, up 15% since we began coverage last month.
Intasys Corporation (NASDAQ: INTA), announced this week that its wholly owned subsidiary Mamma.com Inc., would acquire the assets of focusIN from ZAQ Inc. later this month. focusIN is an on-line media placement business that represents over 5,000 web sites mostly in the United States with traffic of 30 million unique users and more than 700 millions page impressions. focusIN's media placement is a strategic addition to Mamma.com's portfolio of meta-search and on line direct marketing services and is part of realizing its objective of integrating meta-search with an interactive media sales network and interactive direct marketing programs. The agreement is likely to be accretive to Intasys, which ended the week at $1.15, up 15% since we began coverage.
Vista Continental Corp. (OTCBB: VICC), a natural resource company engaged in the exploration and development of mineral resource properties along the Urubamba River in Peru, announced this week that it had raised an additional amount of capital to complete the first stage of its drilling development program. The program is expected to result in drilling and sample assaying, as well as test mining and modeling, which is expected to help the company determine the likely recovery rates of its target commodities. The stock ended the week at $1.44, up 7 cents.
Diamond Discoveries (OTCBB: DMDD), a junior Canadian-based diamond mining company, was recently featured in Resource World Magazine. The article noted that Diamond Discoveries had found eighteen kimberlite dyke systems and four pipe-like bodies. Fourteen diamonds have already been discovered, of which two were macros (greater than 0.5 mm). The company has permits for approximately 130,000 acres in the Torngat mountain region of Quebec, which is one of the most promising diamond producing regions in the world. The stock ended the week at $0.25.
SPECIAL SITUATIONS:
eResearch Technology (NASDAQ: ERES) $11.90
It has been approximately one year since we initiated coverage of eResearch Technology, a leading provider of technology and services to the pharmaceutical, biotechnology and medical device industries. Since that time, the company has shown tremendous growth in both its operating results and share price. We began coverage when the company was trading at $5.56 on a split-adjusted basis, and there is little question that the company has grown into its current market capitalization based upon stellar growth. The company had revenues of $29.4 for the first nine months of this year, a 49% increase versus the same period last year. It reported net income of $3.2 million or $0.29 per diluted share for the nine months ended September 30, 2002, compared to a net loss of $100,000, or $0.01 per share for the same period last year. This result excluded a $5 million impairment charge recorded in 2001.
The company has capitalized on growing demand for its digital collection, interpretation and distribution of cardiac safety and clinical data. It is estimated that cardiac safety evaluation and electronic data capture should each exceed $1 billion by 2005, from levels that are less than $100 million today. The company’s ability to transform its customers from paper to digital processing of cardiac safety and clinical data should enable it to capture a significant share of this rapidly growing market. The FDA’s initiative to digitize cardiac safety data and to use trusted centralized labs should further accelerate this transition. The company’s customer base includes a "Who’s Who" among the pharmaceutical sector, with clients such as Pfizer, Johnson & Johnson, Aventis and Novartis among many others. While we would expect competitors to enter the market as it grows rapidly, the company has a substantial advantage over current competitors in Cardiac Safety such as Covance or Quintiles.
Like with many rapidly growing companies, the question ultimately centers around valuation. The company’s business model includes a significant amount of recurring revenues, as a result of the monthly fees it receives from many of its key products such as eResNet, eResearch Community, Digital ECG Community and EDC. This has enabled the company to exceed its guidance for each of the first three quarters of the year. It expects to post revenues of $11.1 million for the fourth quarter and earnings of 12 cents per share. This means that the company will earn 41 cents per share, giving it a current year’s multiple of 29 times earnings. The company expects revenues to increase by at least 30% next year and to see earnings jump 50% to approximately 62 cents per share. This gives the company a valuation of just 19 times 2003’s estimated earnings.
How does this compare to many of its larger competitors? Covance (NYSE: CVD), is trading for 27 times current year’s estimated earnings of 86 cents, but is growing revenues at just approximately 10% annually. In effect, it has a similar current P/E multiple to eResearch, yet is only growing the top-line 20% as fast. Quintiles (NASDAQ: QTRN) is trading for a current year’s estimated P/E multiple of 18 times earnings, yet has actually shown a year-over-year decline in revenues. In essence, you have a choice of buying a rapidly growing company such as eResearch for virtually the same price as Covance.
Short-sellers have aggressively targeted the company’s stock, believing that its growth will slow down significantly from current levels. In fact, nearly half of the stock’s float is currently "short". These bearish bets will have to be covered at some point, which we believe will be soon. The company was recently upgraded by both Roth Capital and Raymond James, reflecting the sell-off which we believe has been overdone. Both firms have price targets in the $20-$21 range, which we feel is the right price for the company to trade at, based upon its current growth and strong balance sheet. It has approximately $21.5 million in cash and no debt.
The stock has now reached levels last seen in early May, and we believe that the currently fundamentals strongly support a higher stock price. We think that a short "squeeze" is looming on the horizon, and those investors that participate today are likely to see this volatile stock trade closer to its 52-week high of $19.46 in the coming weeks.
Care Decision Corporation (OTCBB: CDED) $0.103
One of our favorite stocks this year has been eResearch Technology (NASDAQ: ERES), a provider of technology and solutions to the healthcare industry. The stock has gone from an undiscovered gem when we first identified it, to a company with a valuation of approximately $125 million that has started to garner the attention of Wall Street. Those investors who acquired positions when we initiated coverage have more than doubled their money. Today, we have identified a company in the same sector with great potential as well. CareDecision Corporation went public earlier this summer through a reverse merger. CDED develops and markets enhanced digital information technology for use by physicians while meeting with patients.
We do not mean to suggest that the company is as far along as eResearch Technology. However, the company’s core product, its MD@Hand™ has shown much promise as a Medical Personal Data Assistant (MPDA). It provides the physician with information about patients and historical outcomes to assist in medical decision-making where it is needed most – when the patient is with the doctor. The company’s strategy is to use the "razor, razor blade" model that has been employed so successfully by others. It will give the physicians free use of its MD@Hand™ relying on the fact that doctors are likely to drive spending decisions. The company believes that insurers and medical service providers are going to be willing to pay to reach this highly attractive demographic.
This strategy has already proven successful, as the company recently entered into a partnership with Pharmacare Inc. a large pharmacy benefit management entity (PBM), which is a division of the Fortune 100 pharmacy chain CVS (NYSE: CVS). The pact calls for CareDecision to introduce MD@Hand™ to Pharmacare’s insurance company clients. Pharmacare manages the PBM benefits for over 7 million lives. In addition, the company has agreed to introduce MD@Hand™ to a large work injury case management firm which owns a chain of medical clinics. CDED will shortly begin a pilot of the "gatekeeper and intervention" version of its MD@Hand™. The company is also in discussions with another large PBM and several large hospitals for usage of their products. Finally CDED has entered into a dialogue with several entities that are attempting to secure contracts with the US Department of Defence for an application of the company’s bio-terrorism defense application. The company has a broad based patent portfolio, and expects to receive approvals shortly. CDED has already received provisional approval for six trademark applications. The company’s other products targeted at the healthcare industry include its MD@Practice Probe™, Secure Data Mining application, MD@RX™ HIPAA compliant medical prescription transmission application, and MD@Unirouter™ internal medical security application.
How big could this opportunity be? Pharmaceutical companies spent 86%, or $12 billion, of their marketing budgets in 1999 on physician marketing. Some sources, such as WRHambrecht & Co., a widely respected brokerage firm, estimate that pharmaceutical companies could spend as much as $600 million on online marketing. This could be a boon for handheld devices. Since the physician is often viewed as the "gatekeeper" to medical spending, the targeting of doctors through hand-held devices would be a natural investment for big pharma. The emergence of on-line pharmacies could play a major role, as targeted advertising to physicians through PDA'’ would be a natural marketing tool. Prescriptions could also be transmitted seamlessly through devices such as MD@Hand™.
The company’s stock looks solid technically, despite its nominal valuation of just $12 million on a fully-diluted basis. In fact, the stock established a new 52-week high this week, as CareDecision broke out of a trading range on increasingly heavy volume. The stock has more than doubled in the last 18 trading days, but still has significantly more upside as the company announces agreements for broader distribution of MD@Hand™. When a stock establishes a new high on a surge in volume, it usually means that it is under significant accumulation, which is what we suggest investors do here. Although there are many risks in start-ups, the rewards that a successful launch of the PDA into a $1.6 trillion industry carries makes this a highly appealing investment opportunity.
Pacific Mercantile Bancorp (NASDAQ: PMBC) $6.80
As we continue to look for undervalued companies in different sectors, our research team has discovered the first company in the banking sector for 2002. Pacific Mercantile Bank, which was founded just three years ago, provides a wide range of commercial banking services to business and individual clients through its unique "click-to-mortar" combination of traditional banking financial centers and comprehensive, sophisticated electronic banking services. The convergence of technology and finance is creating an exciting opportunity for this company that has integrated technology with a full range of financial services. Despite its aggressive growth, in the bank's 3-year history, it has charged-off only a total of $20,000 in loans.
The bank operates three Orange County financial centers located in Newport Beach, Costa Mesa and San Clemente, Calif.; one Los Angeles County financial center in Beverly Hills, Calif.; one San Diego County financial center located in La Jolla, Calif.; and a Loan Production Office in North Orange County. In addition to the bank's physical locations, it offers comprehensive banking services over the Internet worldwide and has attracted clients throughout California and in other Western states. This represents six financial centers in Southern California and one Loan Production Office in Northeast Orange County. The bank also provides electronic clearing processing, checking accounts, collections and other information processing needs. Pacific Mercantile Bank is an FDIC-insured, California state-chartered bank and a member of the Federal Reserve System.
The Company has two business segments, the commercial banking division and the mortgage banking division. The commercial bank segment provides small and medium–size businesses, professional firms and individuals with a diversified range of products and services such as various types of deposit accounts, various types of commercial and consumer loans, cash management services, and Internet banking services. The typical size loan of $1 million to $3million is significantly lower than those of the National banks in the area. The mortgage banking segment originates and purchases residential mortgages that, for the most part, are resold within 30 days to long–term investors in the secondary residential mortgage market.
Continued expansion of its traditional banking franchise, with a "click-to-mortar" strategy, and significant growth in its Internet banking, contributed to a 51% growth in third quarter revenues over third quarter year 2001. Revenues grew 42% year-to-date and assets increased 128% from a year ago. Continued growth of Pacific Mercantile Bank's deposit base that funded the increased commercial loan activity, along with loans for the purchase of new homes and an increase of refinances in its mortgage division, contributed to third quarter earnings of $556,000, or $0.08 per diluted share. Year-to-date, PMBC earned $513,000, or $0.08 per diluted share. PMBC earned $535,000, or $0.08 per diluted share, in the third quarter of 2001 and $1,424,000, or $0.22 per diluted share, in the first nine months of 2001.
Total revenues (net interest income plus other income) increased 51% to $4.9 million in the third quarter ended Sept. 30, 2002, compared with $3.5 million in the third quarter a year ago. Year-to-date, revenues grew 42% to $11.8 million, compared with $8.3 million in the first nine months of 2001. The mortgage lending and refinancing business segment was a strong contributor to revenues, generating $1,004,000 in third quarter non-interest income, a 16% increase from the third quarter a year ago. For the first nine months of this year, mortgage banking income increased 53% to $2.8 million from loan fees and gains on sales of loans. In part this was due to the strong housing market in Southern California and the on-going refinance boom fueled growth in originations and income. In the third quarter, Pacific Mercantile's mortgage bankers originated approximately $214 million in loans, an increase of 79% from the same quarter last year. For the first nine months of this year, originations were up 74% to $473 million.
Net interest income after provision for loan losses, a primary measure of bank profitability, increased 54% to $3.3 million in the third quarter of 2002, compared with $2.1 million in the third quarter a year ago. For the first nine months of 2002, net interest income, after the provision for loan losses increased 37% to $7.9 million, compared with $5.8 million in the same period of 2001. Pacific Mercantile's net interest margin was 3.74% in the third quarter and 3.61% year-to-date, compared with 4.70% in the third quarter and 4.69% in the first nine months of 2001. Margins declined primarily due to the impact of prime lending rate decreases during 2001. Non-interest income, boosted by growth in mortgage banking, gains on sales of loans, and fees, increased 35% to $1.4 million, compared with $1million in the third quarter a year ago. In the first nine months of 2002, non-interest income grew 54% to $3.5 million, compared with $2.3 million in the first nine months of 2001.
Non-interest expenses increased 37% to $3.7 million in the quarter and were up 57% to $10.5 million year-to-date. The increase in non-interest expense for the nine months ended September 30, 2002 as compared to the same period for 2001 was primarily attributable to the opening of two new financial centers in Costa Mesa and Beverly Hills, California and the establishment of Company headquarters offices in Costa Mesa, which took place in the second and third quarters of 2001.
Its balance sheet growth has been robust. Net loans at Sept. 30, 2002 increased 48% to $243 million, compared with $164 million at Sept. 30, 2001. Investments in securities held for sale at Sept. 30, 2002 increased to $184 million, as compared with $11 million at Sept. 30, 2001. The combined increase in loans and securities held for sale contributed to a 128% increase in assets to $469 million at Sept. 30, 2002, compared with $206 million at Sept. 30, 2001. Deposits also increased significantly, growing 114% to $354 million, compared with $165 million last year. Non-interest bearing deposits increased 93% to $112 million at Sept.30, 2002, which represents 31.6% of total deposits.
During the third quarter, the company sold $5 million of trust preferred securities in a private placement to an institutional investor and $7million in a trust preferred pooled transaction for a total of $12 million during the quarter. The trust preferred securities are subordinated to other borrowings that may be obtained by the company in the future. They also qualify as capital for regulatory purposes, which will enable the company to support further growth. This is in line with a strategic realigning of the balance that includes a shift to investments and loans away from Fed funds
We believe with its non-interest expenses behind it, a substantially improved asset base, a sound commercial loan strategy and a favorable mortgage refinancing environment in California, PMBC is well positioned for significant price appreciation.
Do you have a company you feel deserves research coverage yet has been overlooked by Wall Street? Let us know at news@ceocast.com.
The CEOcast Newsletter is an electronic publication committed to providing our readers with factual information on selected publicly traded companies. All statements and expressions are the sole opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The profiles, critiques, and other editorial content of CEOcast may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein. THE READERSHOULD VERIFY ALL CLAIMS AND DO ITS OWN DUE DILIGENCE BEFORE INVESTING INANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIESA HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS NEWSLETTER IS PROTECTEDBY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCEDIN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF CEOcast. Moreover, as detailed below, this publication accepts compensation from certain of the companies that it features. To the degrees enumerated herein, this newsletter should not be regarded as an independent publication. The profiles, critiques, and other editorial content of CEOcast may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein. This information has not been independently verified by CEOcast. The reader should use caution, as a result. The following companies, featured in this newsletter, have compensated CEOcast: Hybridon, Inc., twelve thousand five hundred dollars, Silverado Gold Mines, forty-thousand dollars and one hundred sixty thousand shares of stock for a five-month program, Tri-Valley Corporation, six thousand dollars per month, BIO-Key International, seventy-five hundred dollars per month, plus options to purchase two hundred thousand shares at forty-two cents, eResearch Technology, seven-thousand five hundred dollars, Tengasco, six thousand dollars per month, Pinnacle Systems, seven thousand five hundred dollars, SurgiCare, seven thousand five hundred dollars per month, one hundred thousand shares of common stock and one hundred thousand warrants exercisable at two dollars twenty six cents, Intasys, seven thousand five hundred dollars, Vista Continental, Vista Continental, four thousand dollars per month and thirty thousand shares of stock, SmartServ Online, seven thousand five hundred dollars, Ballistic Recovery Systems, seven thousand five hundred dollars, Cavell Energy, seven thousand five hundred dollars, PSS World Medical, seven thousand five hundred dollars, Diamond Discoveries, ten thousand five hundred dollars plus three thousand dollars per month for a three month program, USA Technologies, ten thousand dollars and one hundred fifty thousand shares of stock, GenStar Therapeutics, seventy-five hundred dollars per month, thirty-seven thousand shares of stock and warrants to purchase two hundred thousand shares, Pacific Mercantile Bancorp, ten thousand dollars, CareDecision, eight hundred thousand shares of free-trading stock from a third-party shareholder.
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HRCT 5 times average volume, share price holding!
Ron
iDial Networks, Inc. Announces Record Q3 2002 Profit
Thursday November 14, 4:11 pm ET
Revenues Increase 282% Over Prior Year Period
THE WOODLANDS, Texas--(BUSINESS WIRE)--Nov. 14, 2002--iDial Networks, Inc. (OTCBB:IDNW - News) today reported that third quarter revenues increased 282 percent to record $6,010,697 compared with the year-ago quarter of $1,573,821. The Company reported a Q3 2002 net income of $997,201 or $0.01 per diluted share compared to a net loss of ($264,666) or ($0.01) per diluted share in Q3 2002.
Highlights of the Third Quarter 2002 Include:
Eliminated Convertible Debt with single payment of $969,191 to noteholder.
Won judgment canceling 17,949,499 shares of common stock decreasing total number of outstanding shares by 14.4%.
Net Increase in Cash of $559,657 during first 9 months of FY 2002.
"While the telecommunications industry is in the midst of a very difficult period, when some of the world's largest carriers are failing, we feel very good about our prospects during these turbulent times." said Mark T. Wood, the Company's Chairman and CEO.
Conference Call Info
The company also announced that a conference call will be held on Friday, November 15, 2002 at 10:00 a.m. central time (11:00 a.m. eastern) to discuss the Company's financial results for the quarter ending September 30, 2002.
-0-
What: iDial Networks, Inc. Earnings Release
When: Friday, Nov. 15 at 10:00 a.m. central time
How: Dial 888/238-1551 to access the call
Who: Mark T. Wood, Chairman and Chief Executive Officer;
Thomas J. Seifert, Chief Financial Officer
The Company has posted the filing on it's website at http://www.idnw.com/investor/investor.htm.
About iDial Networks, Inc.
iDial Networks, Inc., (http://www.idialnetworks.com/), is an application service provider in leading communication technologies, provides a wide range of Voice over Internet Protocol (VoIP) services, Internet-activated applications and products that bring affordable telecommunications services to users around the globe. The company is building a next generation VoIP and TDM network based on carrier class technologies from Cisco Systems (Nasdaq:CSCO - News) and Microsoft (Nasdaq:MSFT - News).
Safe Harbor for Forward-Looking Statements:
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Reform act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price, volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
--------------------------------------------------------------------------------
Contact:
iDial Networks, Inc.
Mark T. Wood, 281/465-3100 Ext. 120.
Keep HRCT on your radars, this is a China telecom. Today China started the transfer of power to it's new president who is far more receptive to capitalism. China stocks are about to start moving up strongly!
Ron
Doing some background on a company (ERTH) and it lead to this CAMY.OB
http://biz.yahoo.com/p/c/camy.ob.html
Any thoughts?
Here is a new one
From: "Money Talk" <margaretjy@media-colours-int.de>
Cal-Bay (Stock Symbol: CBYI)
Watch for analyst "Aggressive Buy Recommendations" and several advisory newsletters picking CBYI. CBYI has filed to be traded on the OTCBB, share prices historically INCREASE when companies get listed on this larger trading exchange. CBYI is trading around 25 cents and should skyrocket to $2.66 - $3.25 a share in the near future.
Put CBYI on your watch list, acquire a position TODAY.
Reasons To Invest in CBYI
Revenues were 28% HIGHER than CERTIFIED Analyst forecast for Fiscal 2001
Record Stock Price INCREASE of 81% in 2 weeks
CBYI is now ready to move forward with its planned acquisition strategy
RECORD Trading Volume !!!
A profitable company on track to beat ALL earnings estimates!
One of the FASTEST growing distributors in environmental & safety equipment instruments.
Excellent management team, several EXCLUSIVE contracts. IMPRESSIVE client list including the U.S. Air Force, Anheuser-Busch, Chevron Refining and Mitsubishi Heavy Industries, GE-Energy & Environmental Research.
!!!!! CONGRATULATIONS !!!!!
Our recommendation last week to buy TENF at 8 cents rallied and is holding steady at .29 cents! Congratulations to our subscribers that took action on this recommendation and made a 360% profit.
WLDI is getting jiggy, gonna pop soon. Should have a good PR coming concerning Pacific Rim merger and possible 2008 Olympic negotiations. Homeland Security dispute in the federal government will be settled soon as well. This willl be good for all security issues.
Ron
TEXN (OTCBB) 21st Century's Innovative Weaponry Inc. Confirms Major Sale to Los Angeles Police Department
MONDAY , NOVEMBER 11, 2002 08:03 AM
FORT WORTH, Texas, Nov 11, 2002 (BUSINESS WIRE) -- (OTCBB:TEXN) Arland D. Dunn, Chairman of the Board and Chief Executive Officer of 21st Century Technologies, Inc. announced today that the 9,000-officer Los Angeles Police Department had selected Innovative Weaponry's PT Night Sight to be installed on Baretta pistols carried by LAPD officers.
"Sales should be several thousand units," said Mr. Dunn, "with continuing sales attributable to turnover and attrition. I attribute this penetration of an important market to be attributable to offering a superior product at a fair price," added Dunn. "We have always emphasized sales to law enforcement. Our service department caters to the needs of law enforcement agencies as well as civilian customers, from the smallest rural sheriff's office to major metropolitan police departments, such as LAPD." Mr. Dunn further announced that use of PT Night Sights has been authorized by the LAPD for the officers' self-provided backup weapons, which are typically revolvers. "We can handle custom installation for any type of revolver (or other handgun) that officers would select for a backup weapon. We understand the need for the best in custom work and provision of the highest-quality gun sights. Lives can depend on the work we do and the products we sell." Installation of PT Night Sights on LAPD shotguns is expected to be authorized shortly. Mr. Dunn further advised that LAPD was displaying interest in the precision adjustable gun sights offered by 21st Century's Miniature Machine Corporation, which can be manufactured with night sight capability.
"Many police departments are just not aware of the fine products we can offer to them, or of the more than competitive prices of our sights," said Mr. Dunn. "The sale to LAPD is very encouraging. We are in the midst of testing a commission-based sales plan involving a sales force calling on law enforcement agencies to increase product awareness. Initial test results in the Dallas-Fort Worth area are excellent. We plan to hire sales professionals in all major metropolitan areas with the Los Angeles market implementation planned for the latter part of November."
Innovative Weaponry's PT Night Sights offer quick target acquisition and improved accuracy in low light situations by providing an illuminated sight picture to the user. Driven by tritium-excited phosphors, our "glow in the dark" sights contribute greatly to the safety of the officers and the public they protect. The night sights require no external power source.
All statements other than statements of historical fact included in this report are "forward-looking statements." The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
CONTACT: 21st Century Technologies, Inc., Fort Worth
Larry B. Bach, 818/707-9466
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OCCM (OTCBB) Occam Networks' Triple Play Broadband Loop Carrier Architecture for Local Exchange Carriers To Enter Trial Phase. IP-Based Gigabit Ethernet Architecture Lowers Bandwidth Build Out Costs, Reduces Subscriber Connection Overhead, and Supports More Video Channels Than ATM-Based Technologies or Conventional Cable
MONDAY , NOVEMBER 11, 2002 08:03 AM
SANTA BARBARA, Calif., Nov 11, 2002 (BUSINESS WIRE) -- Occam Networks Inc. (OTCBB:OCCM), a supplier of innovative Ethernet and IP-based loop carrier equipment to telecommunications companies worldwide, today announced that product trials for their new triple play BLC architecture will begin in the first quarter of 2003. Occam's next generation BLCs, supporting an IP architecture based on Ethernet, will enable local exchange carriers to deliver on the promise of triple play with applications that offer voice, data and video services.
"Service providers make triple play decisions based on the economics and the end-user experience," said Russ Sharer, vice president of marketing at Occam Networks. "The Occam triple play architecture enhances both by creating the highest-quality user experience while leveraging IP and gigabit Ethernet."
Occam's new architecture lowers the cost of building out bandwidth to support triple play because it supports IP-based gigabit Ethernet, a network that is much more cost-effective than the SONET networks used by competing ATM-based technologies. In addition, Occam's architecture can be seamlessly implemented into existing infrastructures without impacting existing services so it protects investments. This unique architecture can also save carriers hundreds of dollars per subscriber in provisioning costs as compared to ATM-based products because establishing an end-to-end video path can be completed in one simple step.
Occam's triple play architecture was also designed to improve the user experience, a key element in establishing long-term customer relationships, by supporting virtually instantaneous channel changing. With other technologies, by comparison, there is a noticeable delay when channels are changed. Equally important, Occam's IP/Ethernet triple play architecture supports more video channels, and therefore more video-on-demand content opportunities than ATM technologies. This capability will be vital to carriers striving to differentiate their offerings from cable MSOs in competitive marketplaces.
The customer experience will also be enhanced by the ability of the Occam architecture to ensure that subscribers always get the content they want, when they want it, and that they are always appropriately billed. Architectural-based controls also prevent unauthorized access to content, a problem with competing technologies.
The first products to support the Occam IP Ethernet triple play architecture will be available in Q1 2003.
About Occam Networks
Occam Networks Inc. develops and markets a suite of Broadband Loop Carriers, innovative Ethernet- and IP-based loop carrier platforms that enable telecommunications service providers to profitably deliver a variety of traditional as well as packetized voice, broadband and Internet Protocol (IP) services from a single, converged, all-packet access network. The Company also markets a complete line of Integrated Access Devices (IADs), customer premises equipment that provides Local Area Network (LAN) and legacy voice services to business customers from a converged access network. Occam is headquartered in Santa Barbara. Additional information can be found at www.occamnetworks.com.
Portions of this press release may contain forward-looking statements regarding future events or the future performance of Occam Networks. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from any future performance suggested in such statements. These factors include, the risks and uncertainties relating to the timely and successful development and market acceptance of Occam's new products, the successful integration of Occam and Accelerated Networks, and the success of a new management team. Rapidly changing technologies and market conditions may require changes to Occam's products. Occam does not undertake any obligation to publicly update any forward-looking statements as a result of new information, future events or otherwise. Please also refer to the company's most recent quarterly report on Form 10-Q, annual report on Form 10-K and other filings with the SEC, including the S-4 registration statement filed in connection with the company's recent merger. These filings contain and identify other important factors that could cause actual results to differ materially from those contained in any forward-looking statements.
CONTACT: Connect Public Relations
Derek Fay, 801/373-7888
derekf@connectpr.com
URL: http://www.businesswire.com
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WWAT (OTCBB) WorldWater Corp. Receives Investment From Millennium 3 Opportunity Fund; Company Anticipates Investment of Up To $2.5 Million
MONDAY , NOVEMBER 11, 2002 07:30 AM
PENNINGTON, N.J., Nov 11, 2002 (BUSINESS WIRE) -- WorldWater Corp. (OTCBB: WWAT) announced today that it signed a definitive Securities Purchase Agreement with Millennium 3 Opportunity Fund, LLC, a New Jersey-based venture capital fund.
Under the agreement, Millennium 3 has purchased $250,000 of 10% convertible notes and warrants to purchase common stock of the Company and has agreed to make a subsequent investment of up to another $2.25 million, subject to certain conditions. The definitive Securities Purchase Agreement provides for funding in three stages: the first has been consummated, the second is another $250,000, which Millennium 3 has committed to fund by Friday, November 15, 2002; and the third is anticipated to close by December 31, 2002, subject to Millennium's satisfactory completion of due diligence.
The convertible notes bear interest at a rate of 10% per annum and mature three years from the date of issuance. The notes are convertible into shares of the Company's common stock at a conversion price of $0.14/share, subject to adjustment upon certain events. The warrants are exercisable for shares of common stock, half at an exercise price of $0.20 per share and half at an exercise price of $0.50 per share.
The notes sold in the first and second stages of the financing will be convertible into 3,571,450 shares of the Company's common stock and the warrants issued in those two stages will be exercisable for 2,381,000 shares of common stock. In the event that the entire $2.5 million investment is consummated, the total number of shares issuable upon conversion of the notes and those issuable upon exercise of the warrants will be 29,762,250 shares, subject to adjustment, representing approximately 30.2% of the Company's common stock, calculated on a fully diluted basis. The securities sold under the Purchase Agreement entitle the investor to registration rights and certain other shareholder rights.
"We have brought in this investment to fund recent major orders we've signed and in anticipation of significant orders from new customers in California which we expect to obtain by year end. Our breakthrough technology - solar pumping systems capable of driving several hundred horsepower motors -- has opened important new business opportunities in recent months in the water and alternative energy fields. We are writing orders in markets previously unavailable to solar power companies." said Quentin T. Kelly, CEO and Chairman of WorldWater.
About WorldWater
WorldWater is a solar engineering and water management company designing, developing and marketing proprietary technology with water and power applications. The Company has operations in the US, Africa and Asia, supplying its patented solar products, particularly its newly developed, high-powered solar water pumping systems. In recent months, the Company has entered the California mainstream power market to provide cost-efficient energy solutions for agriculture, refrigeration and water utility markets.
About Millennium 3 Opportunity Fund
Millennium 3 Opportunity Fund, LLC, a Roseland, New Jersey-based venture capital fund, provides capital to high potential, early stage private and public companies. The Fund's experienced principals are highly involved in adding strategic value to the portfolio companies. Millennium 3 institutional investors include two major international financial institutions, as well as several money management firms and wealthy individuals.
This document may contain Statements which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. "Forward-looking statements" include any statement which is not of purely historical fact, such as statements concerning plans, objectives, goals, strategies and future events and underlying assumptions thereof. Such forward-looking statements involve known and unknown risks, uncertainties expressed or implied by such forward-looking statements to be materially different from those projected. Such factors include, among others, general economic and business conditions which may impact demand for the Company's solar generated pumps and electricity; changes in tax laws and regulations; the ability of the Company to implement its marketing strategy and to expand its business in the worldwide market the ability of the Company to build its production facility up to the level of efficiency and output of its planned production and changes in laws and government regulations applicable to the Company, including laws in foreign nations.
CONTACT: WorldWater Corp.
Quentin T. Kelly, 609/818-0700
URL: http://www.businesswire.com
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RAEE (OTCBB) RAE Systems Introduces Portable Gas Detection with GPS
MONDAY , NOVEMBER 11, 2002 05:00 AM
SUNNYVALE, Calif., Nov 11, 2002 (BUSINESS WIRE) -- RAE Systems Inc. (OTCBB:RAEE.OB), a Gas Detection and Smart Sensing Network solution provider for environmental, safety and security monitoring, has introduced a global positioning satellite (GPS) option for its existing AreaRAE wireless gas detectors. The new GPS option allows up to 16 deployed sensors to broadcast their exact location the host gas monitor located up to two miles away, in real-time. This provides a major advantage for hazardous material (HazMat) response teams in defining a perimeter as well as protecting personnel and communities by allowing incident commanders to have instant indication of where team members are located and where potential hazards are present.
This new GPS option is available for RAE Systems' existing AreaRAE wireless gas detectors. The AreaRAE is a one-to-five sensor gas detector equipped with a wireless, RF (radio frequency) transceiver which allows the instrument to communicate and transmit readings in real-time to a host-controller. The AreaRAE is the first sensor monitor equipped for wireless data transmission to include a photo-ionization detector for the direct measurement of toxic VOCs. This portable, weather-proof monitor can be operated for up to 24 hours on a single charge. AreaRAE applications include hazardous material (HazMat) and emergency response, confined space entry, plant turnarounds, environmental monitoring, perimeter monitoring, safety and security applications.
Intended for outdoor use only, the AreaRAE GPS option is available now as a factory upgrade to existing AreaRAE monitors for $750.00. The GPS option can also be ordered with new AreaRAE units with pricing dependant on configuration. The GPS Host Software for use within the United States is available for $2,000.
About RAE Systems
RAE Systems Inc. is a smart sensing network platform and solution provider and a leading manufacturer of single and multiple sensor atmospheric monitors, photo-ionization detectors, gas detection tubes, sampling pumps and wirelessly connected gas detection and security monitoring devices. Our products and services are designed to enable our customers to monitor gas and other volatile organic compounds in confined spaces, and to establish a perimeter security around hazardous material sites and sites of weapons of mass destruction. RAE Systems' customers operate in such industries as safety and security, oil and gas, pharmaceuticals, utilities, food, chemical, airlines, military and hazardous material storage and disposal, and its monitors are used in civilian and government atmospheric monitoring programs in over 50 countries. For more information about RAE Systems, please visit www.RAESystems.com.
Attention Editors: a photo of the AreaRAE GPS is available at http://www.raesystems.com/press.html.
CONTACT: RAE Systems Inc.
Bob Durstenfeld, 408/585-3534
bdurstenfeld@raesystems.com
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BMKS - upticks on both the B & A..............
Filing (..in the Black..) due very soon, and rumors of good news surfacing.
Previously a $1+ company. http://www.investorshub.com/boards/board.asp?board_id=588
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Way back after 9/11 didn't we review stocks that might do well in case of war? Might be a good idea to take another look at those (bummed about that though).
Sara
Go 49ers!
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