It just occurred to me after a year on iHub to see if there was a board for PowerCold and see if anyone has had any update at all. I've owned it for about 10 years or more. The website, last time I checked, was useless and further research turned up nothing.
Staying active w nevada sos
Fri trades, big gap down at open
0.0069 300 OTO 15:40:25
0.005 250000 OTO 15:34:04
0.005 250000 OTO 15:33:49
0.004 5000 OTO 10:37:59
0.004 63500 OTO 10:26:21
0.004 63500 OTO 09:43:11
0.0009 1513000 OTO 09:30:09
0.0035 11900 OTO 12/02
I d like some .0009s too
I copied last trade from 12/02 too, so
one can see the gap down w big hit
Given the commitment Wal-Mart has made to energy conservation, this may be an early indicator of bigger things to come.
PowerCold Receives Orders for WDFC Evaporative Fluid Coolers From Wal-Mart for Five Supercenters
PowerCold Corporation (Pink Sheets:PWCL) announced today that the company received purchase orders for its WDFC Evaporative Fluid Coolers from Wal-Mart Stores, Inc. (NYSE:WMT) for five Supercenters with expected deliveries during the third quarter of 2007.
The WDFC product incorporates PowerCold’s PlexCoil®, a newly developed proprietary heat exchanger, which uses DuPont™ Caltrel® engineered polymer materials. The WDFC supports Wal-Mart’s green building initiatives to reduce energy and water consumption, and refrigerant charge.
PowerCold Corporation designs, develops and markets unique HVAC products and systems used in converting dry cooling systems to evaporative cooling systems. PowerCold's proprietary energy efficient products reduce power costs for air conditioning and refrigeration over air-cooled heat rejection.
PowerCold® and PlexCoil® are registered trademarks of PowerCold Corporation. DuPont™ and Caltrel® are trademarks of DuPont or its affiliates and are used under license by PowerCold Corporation.
The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sale, or the lack of acceptance of the company’s products by its customers. In each case actual results may differ materially from such forward-looking statements. The company 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.
Frank Simola, 215-248-2836
PowerCold Reports Results for 2005
Monday April 17, 9:50 pm ET
SAN ANTONIO--(BUSINESS WIRE)--April 17, 2006--PowerCold Corporation (OTCBB:PWCL - News) announced today financial results for 2005. Included in the financial results are the effects of discontinued operations associated with PowerCold ComfortAir Solutions, Inc. and the continuing operations of the PowerCold Corporation.
On December 31, 2005, PowerCold Corporation disposed of its interest in its wholly owned subsidiary PowerCold ComfortAir Solutions, Inc. The company was sold to Comfort Air Solutions, Inc., a corporation formed by the employees of PowerCold ComfortAir Solutions, Inc. Included in the transaction was a technology and trademark license agreement granted to Comfort Air Solutions, Inc. that will provide royalty revenue for PowerCold Corporation.
Effective January 1, 2006, two of PowerCold Corporation's wholly owned subsidiaries, PowerCold Products, Inc. and PowerCold International, Ltd., have been terminated and the assets transferred to PowerCold Corporation. PowerCold Technology, LLC, which holds title to all the intellectual property and licensing rights of the Company, will remain a wholly owned subsidiary of PowerCold Corporation.
The operating results of PowerCold ComfortAir Solutions, Inc., which was disposed of during the year ended December 31, 2005, are included in discontinued operations. Assets and liabilities of PowerCold ComfortAir Solutions, Inc. have been restated as net assets and liabilities from discontinued operations for the years ended December 31, 2005, and 2004. The Company's financial results of prior periods have been reclassified to reflect the discontinued operations. The following are the condensed results of the discontinued segments for December 31, 2004: Revenue of $8,579,584 with a Net Loss of $2,591,148; and for December 31, 2005: Revenue of $3,450,267 with a Net Loss of $377,387.
Total revenue restated to reflect discontinued operations for the year ended December 31, 2005, increased 31% to $667,377 from $511,159 for the prior year ended December 31, 2004. The Company's revenues from continuing operations were primarily attributable to sales of Company-manufactured equipment only. Nauticon® product sales accounted for 80% of 2005 revenue restated. Operating Loss for the year ended December 31, 2005, increased to $2,367,405, 108% increase from a prior year operating loss of $1,140,853. The Total Cost of Revenues increased by $94,359 to 98% of revenue as compared to 110% of revenue for the comparable period in 2004. In 2005 warranty was $228,614, an increase of 3.0% from the prior year due to product improvements and design refinements. The continued high warranty expense is due to product improvements and design refinements from new product introductions in late 2004 and early 2005 and has abated with corrective action. Direct labor and material increased 53% in 2005 as a percentage of equipment revenue compared to 26% for 2004, as the result of increased training expense and new work procedures implemented for plastic tubing. Improved efficiency in the manufacturing process is expected over time with a resulting reduction in direct labor, material cost and equipment expense.
Operating Losses from continuing operations increased $296,175 from the prior year period, which included charges of $405,013 for R&D expense for the year for new product development work on plastic heat exchange products. Sales and marketing expenses increased $89,412, which included increases in travel and shows expenses in the development of new business. General and Administration expense increased $840,347 due to excessive operating overheads and salaries. Depreciation and amortization increased by 13.1% to $112,947 as the result of the investment by the company in computer hardware, new financial software and R&D test equipment during 2005. Margins in future periods should greatly improve and overheard expense will be reduced approximately 50%, as the Company eliminated its dependence on low margin bid spec contract business with the sale of PowerCold ComfortAir Solutions and the discontinuance of its operations.
PowerCold® plans to capitalize upon the last three years of innovative plastic applications development for the HVAC industry and concentrate on producing and marketing its high gross margin proprietary plastic products. The Company expects substantial product growth and higher gross profit margins by focusing its production and marketing efforts on OEM companies, including licensing its technology.
On January 9, 2006, the Company engaged Flagstone Securities to provide advisory and financial services and to secure various funding sources to support the monetary needs and growth of the Company. Flagstone Securities, LLC is a boutique investment bank headquartered in St. Louis, Missouri, with additional offices in New York, Los Angeles and Geneva.
PowerCold Corporation designs, develops and markets unique HVAC products and systems for commercial use. The Company derives its revenues from two principal product line applications. The first is a line of proprietary energy efficient products, including evaporative condensers, heat exchange systems and fluid coolers for the HVAC and refrigeration industry. The second is a proprietary four pipe integrated piping system for large commercial buildings that reduces power costs by up to 50% for air conditioning and refrigeration systems and provides a clean comfort air environment.
Shareholders will soon be notified of the Company's 2006 Annual Meeting of Shareholders. Go to http://www.powercold.com/pub/ShareholderLetter11May2006.pdf to view the Company's Shareholder Letter, which focuses on the Company's proprietary product technology.
PowerCold® and Nauticon® are registered trademarks of PowerCold Corporation.
Forward-Looking Information: The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sale, or the lack of acceptance of the company's products by its customers. In each case actual results may differ materially from such forward-looking statements. The company 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.
Sandra Thiessen, 303-694-4363
PR Financial Marketing
Jim Blackman, 713-398-4694 (Investor Relations)
Source: PowerCold Corporation
PowerCold Announces Over $1 Million In New Hotel HVAC System Sales
LA VERNIA, Texas, Mar 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- PowerCold
Corporation, (OTC Bulletin Board: PWCL) today announced new design contracts and
projects for its patented Ultimate Comfort Systems hotel heating, ventilating
and air conditioning (HVAC) system. The recent contracts reflect a growing
demand for its energy efficient products.
The company has design contracts and agreements to commence work on several new
systems for hotels in Montana, Colorado, Wisconsin, Wyoming and London, England.
The total value of these new systems is over $1,000,000. Additionally Ultimate
Comfort Systems has in process design and equipment bids over $5,000,000 for
projects in Ohio, Maine, Florida and Texas.
Ultimate Comfort Systems Vice President of Marketing and Sales Bob Yoho said,
"Based upon current pending business, we are highly encouraged about our
prospects in this market. Additionally after our meeting with Hilton personnel
and franchisees Jan 22nd in New Orleans we have had many franchisees contact us
for personal meetings to discuss the design and equipment in newly planned
PowerCold's CEO Frank Simola stated, "We are excited about the new and pending
projects for Ultimate Comfort Systems. These systems include not only Ultimate
Comfort's Integrated Piping System Technology, but also our patented evaporative
cooling technologies, which provide as much as 45% savings in energy costs."
Comparing energy-modeling performance of the Ultimate Comfort System with
through-the-wall position terminal air conditioners (PTACs) shows the PowerCold
technology can save up to 45% of a hotel's total HVAC energy costs. It was also
estimated that the project payback on an incremental installation cost of the
Ultimate Comfort System from the energy savings typically would be less than
The technology has received distinguished recognition in the energy field
including a first place Commercial Buildings Award from the American Society of
Heating Refrigeration and Air Conditioning Engineers (ASHRAE), and the
Department of Energy's "Tomorrow's Energy Today" Award. The technology was also
recognized in the "Hospitality Facilities" category of the 2001 Energy User News
Building Awards. The project being honored saved over 54% in electrical
consumption and 39% in natural gas consumption in its first year of operation
using the Ultimate Comfort System. This was in comparison with the energy
consumption of another building of the same size using through-the-wall position
terminal air conditioners (PTACs).
The innovative aspect of the Ultimate Comfort System is its use of the domestic
hot water lines to distribute the heating for the building and the use of the
fire sprinkler lines to distribute the cooling. Ninety-five percent efficient
hot water heaters and the Nauticon evaporative condenser driven chiller plant
are also used in the system. This Integrated Piping System coupled with the
centralized chiller plant provides a highly energy efficient HVAC system for the
building. The high efficiency evaporative condenser chiller plant is
manufactured by the PowerCold plant in La Vernia Texas.
PowerCold's proprietary Ultimate Comfort System is a heating, ventilation and
air conditioning (HVAC) system for commercial buildings to significantly
decrease maintenance expense and power costs by up to 45% while enhancing
property revenue. PowerCold believes its primary market for this new HVAC
technology is hotels/motels and managed care facilities.
PowerCold markets energy-efficient and environmentally safe equipment to reduce
power costs for heating, air conditioning and refrigeration by up to 45%.
Ultimate Comfort Systems is a wholly owned entity of PowerCold Corporation.
Econ Investor Relations, Inc. -- 888-948-8632
Dawn Van Zant or Connie Linder email@example.com
Ultimate Comfort Systems, Inc. -- Bob Yoho, VP Marketing and Sales at
PowerCold Corporation -- Website www.powercold.com,
Hawk Associates, Inc. -- Frank Hawkins or Julie Marshall, at 305-852-2383.
Website www.##############.com, Email info@##############.com
The statements in this news release contain forward-looking information within
the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve certain risks, assumptions and uncertainties,
including the inability to generate and secure the necessary product sale, or
the lack of acceptance of the company's products by its customers. In each case
actual results may differ materially from such forward-looking statements. The
company 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.
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SOURCE PowerCold Corporation
CONTACT: Investors, Dawn Van Zant or Connie Linder,
firstname.lastname@example.org, both of Econ Investor Relations, Inc.,
+1-888-948-8632; or Bob Yoho, VP Marketing and Sales of Ultimate Comfort
Systems, Inc., +1-727-418-4459; or PowerCold Corporation, email@example.com;
or Frank Hawkins or Julie Marshall, both of Hawk Associates, Inc.,
+1-305-852-2383, or info@##############.com, for PowerCold Corporation
Copyright (C) 2002 PR Newswire. All rights reserved.