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RNER about to tackle a huge market - RainEarth (RNER) Signs Purchase Agreement with HangZhou Municipal No.3 People's Hospital
BEIJING, Aug. 31, 2009 (PRNewswire-Asia) -- RainEarth Inc. (OTC Bulletin Board: RNER; "the Company") announced today that the Company's Chinese subsidiary, Beijing Rain and Earth Technology Development Corp. Ltd. ("China RainEarth"), and HangZhou Municipal No.3 People's Hospital ("HangZhou No.3 Hospital"), entered into a Purchase Agreement (the "Agreement") for an amount of $4,800,000 RMB (approximately $703,000USD).
China RainEarth has been contracted to manufacture and deliver 80,000 dialyzers for medical use at HangZhou No.3 Hospital. These high quality fibers will be delivered within two months of the signing date. Each dialyzer is valued at approximately $60.00RMB (approximately $8.75USD), which brings the total contract value to $4,800,000 RMB (approximately $703,000USD).
HangZhou No.3 Hospital was founded in 1950 and has approximately 600 beds. They have received many honors from the municipal government and have passed the ISO9001:2000 Quality System Attestation issued from the PAL Institute, a Member of the British Association on Research Quality Assurance, in 2001.
"I'm very excited to have HangZhou No.3 Hospital as one of our most significant clients," said Zhu Yong Fu, CEO of the Company. "We are devoting all of our efforts to expand our client base and to keep our relationships with these prestigious clients, such as HangZhou No.3 Hospital. Our high quality and competitive price helps us ensure that we outpace our competitors. We will continue to achieve better performance in part thanks to this new venture," stated Zhu Yong Fu, CEO of the Company.
About Blood Dialysis
Blood dialysis is an effective measure for patients with acute and chronic renal failure (uremia) to sustain their lives. In 2007, 7-8 million blood dialyzers were sold in China. With the rapid social and economic development as well as improvement of healthcare services, 15 million blood dialyzers are estimated to be sold in China by 2012 and the market size will hit around US$200 million. 70 million dialyzers are consumed each year in developing countries including Turkey, India, South Africa and Pakistan.
About the Company
RainEarth Inc. (formerly Gold Rock Resources Inc., the "Company") was incorporated in the State of Nevada on March 14, 2006. The Company was a developing stage company that initially engaged in the search for mineral deposits or reserves.
On March 25, 2009, the Company and China RainEarth, a company organized and existing under the laws of the People's Republic of China, entered into a Business Cooperation Agreement (the "Agreement") for a term of twenty years. The purpose of the Agreement is to jointly conduct a Hollow Fiber Membrane Materials' application and manufacturing business in China (the "Business"). The first product that utilizes this technology is blood dialyzer.
The Company will provide Advice and assistance relating to development of marketing and consultancy services, particularly as related to the Business. China RainEarth will give 60% of its revenue after deduction of direct operating costs, expenses and taxes to the Company in consideration of the Company's services.
Ok ...
SRSR of course!
Limited small cap plays these days, too busy with new job to watch. Do have some big board stocks and ETFs that I trade as much as I hold.
Hey man good to see ya here..feel free to post your ideas and plays~
great post Spark!
EDWY..BETTER START BUYING..MONSTA~
Thursday, September 3, 2009
CHINA AND THE BUZZ OF A PENDING BANK DEFAULT
Let’s put the pieces together here. Just this past weekend China announced that State Owned Enterprises (SOEs) will be allowed to default on commodity derivative contracts. Think of that. China has given the green light and authorized the defaulting on commodity derivative contracts.
This story broke over the weekend but has not gotten much mainstream media attention on this side of the pond. (North America). The only inference to it was the talk or “buzz” on the Wall Street floor that another bank was rumored to be close to defaulting. As Art Cashin of UBS Securities indicated in the video clip I posted earlier, normally when a market sells off on a rumor and the rumor turns out to be false, the market will tend to correct itself. IT DIDN’T.
The Reuters report cited 6 foreign banks that received letters indicating that the Chinese State Owned Enterprises would be given the green light to default on their derivatives.
A look at what a derivative actually is may be useful here. A Derivative is a financial instrument that is derived from some other underlying asset, index, event, value or condition. Rather than trade or exchange the underlying itself, derivative traders enter into an agreement to exchange cash or assets over time based on the underlying. A simple example is a futures contract: an agreement to exchange the underlying asset at a future date. Commercial and investment banks make up the foundation of the over the counter (OTC) derivatives market. Investors use derivatives to protect against risks, such as sudden changes in price or value of the underlying asset. Others tap derivatives to take on extra risk, in the hope of extra gains.
Well China owns billions of these products and it has finally come to light they have had enough of having the value of their derivatives manipulated by the manipulation of the price of the underlying asset. They have finally woken up to the fact that these derivatives have been bundled together like junk in a manner that resembles the mortgage backed derivatives that brought down the world markets last year.
Back to Reuters. Some of the State Owned Enterprises that stated their potential intentions to default were Air China. China Eastern and Cosco. Mainly in part because they took major derivatives losses over the past year but also, concerns are arising that the derivatives that they were sold by these foreign institutions are garbage, underwater and may never see the light of day. So why continue to pay for them? So the concern in the financial world is that holders of these losing products may just walk away, not unlike a home owner with a $600,000 mortgage on a home valued at $475,000 deciding to just hand in their keys. However, read on...this has nothing to do with morgtgage backed products. This time, the concern may be over Oil.
They (Reuters) cited 6 foreign banks.Where the story gets really intriguing is that among the major derivatives providers according to Reuters but also widely known in the industry, are Goldman Sachs, UBS and JP Morgan.
Here is the looming problem. These products are worth billions. One report that a good friend of mine did showed that if Goldman Sachs for example were to take this one up the rear, they could stand to lose 15 billion dollars. (This number is by no means confirmed)
An important history lesson is needed here. “Potential default” was the concern that sparked and prompted the most recent economic crisis. These intricately weaved products along with highly speculative CDOs and CDSs began to fall apart when the bubble that was in large part significantly contributed to and created by the financial institutions that were packaging this junk started to fall apart.
Imagine the impact for a brief moment if you will, on the impact to the financial landscape if China were to say “we are walking away” from those products. I would imagine that China, being the biggest purchaser of US debt, could surely collapse the US institutions that were at one point deemed too big to fail if they decide to go ahead with this plan.
This is why I don’t take tonight’s news that China purchased 50 billion dollars of IMF bonds lightly. In fact, I take it very seriously. This is why I take the buzz on the floor over the past two days very seriously as well as I do the incredible spike in Gold today. Most importantly, I do not take lightly the recent 25% correction we have seen in the Chinese Stock Market. Can all these events be interconnected some how? Is the Chinese stock collapse giving us a hint?
The Reuters story came out on Mon Aug 31, 2009 at 7:42am EDT. I find it quite interesting that the mainstream media did not take this more seriously. Reuters reported that the above noted Chinese companies have already issued letters to the banks. The Reuters article cites 4 clear points.
• State-owned firms may default on commodity hedges - report
• Bankers dismayed, confused by report; seek more details
• Lawyers question legality of the move
• Traders suspect lurking losses may have prompted warning (Adds analysts comments)
Analysts are fearing that if these three big companies came out and spelled out their losses and dismay at these products then this might prompt other large Chinese corporations to do the same.
Let’s take a closer look at the companies that have been mentioned in these news articles out of China. They are Air China, China Eastern and Cosco. If you ask me, this conundrum might have to do with oil. I deduce from this that if there is a problem brewing it has everything to do with their Oil Derivatives business.
Here’s a brief overview of what might happen should these companies, and others, default. The banks, namely Goldman Sachs, J.P. Morgan and from other accounts possibly Deutsche Bank will find themselves LONG on oil futures with no customers on the short side of the derivatives. This will most likely lead the banks to sell the excess oil futures without a care for the price. This is no different than what happened when Bear Stearns was forced to sell off their gold futures in March of 2008 which then resulted in a sharp downturn in the price of Gold.
Reuters stated:
Spokespersons at Goldman Sachs (GS.N) and UBS (UBSN.VX) declined comment, and media officials at Morgan Stanley (MS.N) and JPMorgan (JPM.N) were not immediately available for comment. All are major global providers of commodity risk management.
We have yet to hear their commentary. A Chinese statesperson was quoted as saying “"If we were among the banks receiving that letter, we would be very angry.” You bet your bottom dollar. You don’t think the firms listed above are angry, or, are they frightened that if the Chinese State Owned entities start taking affirmative action it could theoretically bring down some of the biggest remaining names on Wall Street?
Remember Reuters initial story was titled Beijing's derivative default stance rattles market. Read it thoroughly for more information.
Then, read the story that broke last Saturday to get a clearer perspective before the political and corporate spin started to enter the story. China warns banks on OTC hedge defaults –report.
“BEIJING, Aug 29 (Reuters) - Chinese state-owned enterprises (SOEs) may unilaterally terminate derivative contracts with six foreign banks that provide over-the-counter commodity hedging services, a leading financial magazine said.
China's SOE regulator, the State-owned Assets Supervision and Administration Commission (SASAC), had told the financial institutions that SOEs reserved the right to default on contracts, Caijing magazine quoted an unnamed industry source as saying.”
On September 1, 2009 Reuters said that the Banks, not the commodities would be at risk if China followed through.
Yes, legal battles would ensue should this happen and we can also expect to have Chinese political figures downplay the story in an effort to avert panic. However, if they can prove that these derivatives or the underlying asset was manipulated in a manner to profit the bank that issued the product then that may even do more damage than the default themselves.
Perhaps the “buzz” on the floor is indeed true. Perhaps we are going to see action that could annihilate one of the biggest Wall Street firms ever.
If there is one thing I have learned of late is that when the Chinese speak, we must listen. Their list of allies is ever growing and they are simply fed up of having to swallow the US garbage that has turned out to be toxic and dangerous to their highly controlled and coveted state owned enterprises.
I leave you with these thoughts that I alluded to above. The Chinese market has corrected 25%. This news broke this past weekend. New York saw a sharp sell-off on Monday. Buzz of a bank default hit the floor. The rumor did not abate and the selling intensified. The selling carried over into Tuesday. Gold, a classic hedge against troubled times has broken out to the upside, China has purchased 50 billion in IMF bonds and has been questioning the US dollar now for upwards of a year. China was up 5% overnight and Gold has continued to climb this morning.
Where there is smoke there is often fire.
China Corners the Rare Earth Metals Market Anticompetitive policies may create global monopoly
In 1997, Deng Xiaoping, the former general secretary of the Communist Party in China, announced that China would be, for rare earth metals, what the Middle East was for oil. At the time, it seemed too distant a reality to draw much concern.
A draft report form China’s Ministry of Industry and Information Technology released late last month, however, could set off the alarm bells in boardrooms around the world.
The report is weighing a total ban on exporting rare earth metals needed to produce circuitry in consumer electronics, such as smartphones, MP3 music players, liquid crystal displays, and advanced battery technologies. The problem? China currently produces more than 90 percent of the global supply for production of such electronics.
Perhaps more importantly, in respect to green technology initiatives, the ban will also give China control of the development of green technology with products like electronic or hybrid cars, wind turbines, and energy efficient light bulbs all reliant on rare earth metals.
China is considering banning the export of yttrium (used in color TV tubes and to halt corrosion in steel), terbium (used in lasers and semi-conductors), and dysprosium (used in high temperature magnets that are required for electric motors in vehicles).
The report also stated that it would restrict export of neodymium, europium, cerium, and lanthanum a combined export quota of 35,000 tons a year, far below global demand.
Data suggest that it has already been gradually reducing its export quotas by around 6 percent a year over the last decade.
If approved, the export bans would allow China to have a virtual monopoly over the research and production of such advanced technologies.
Planned Dominance
China has large natural reserves of rare earth metals, mostly in Inner Mongolia and the global dominance in this area is the result of a 20 year plan to position China as the "OPEC of rare earth metals."
Over the years it has invested heavily in new mines and processing plants, running them on a shoe string and without the costly clean up requirements of the slightly radioactive waste that the West would demand.
By flooding the market with the resultant cheaper products, China has made it unprofitable for companies and governments to operate the costly processing required in developed countries. Many mines have been forced to close, including the United States' biggest rare earth metal producing mine in Mountain Pass, California.
The recent announcement has sent chills through the Japanese business hierarchy. Japan has invested heavily to become a world leader in environmental technology and it is now the world's biggest importer of rare earth metals from China. Each Toyota Prius hybrid vehicle requires 25 pounds of rare earth metals in its components.
An unnamed Japanese industry official told The Epoch Times that Japan was so concerned by China’s moves that the Japanese government will consider approaching the World Trade Organization for possible recourse against China's anti-competitive policies.
Last Updated
Aug 31, 2009
http://www.theepochtimes.com/n2/content/view/21812/
Talked to PPIMF today... Highlights include:
-All drilling is completed... expect results soon
-Unrelated news coming sooner than that...don't know what the news will be regarding, just something to look forward to.
-Multiple updates of progress in the next 30-60 days
-Ni43-101 report is on the horizon
STHG..looking strong~
QASP..lookie good~
QASP looking healthy this morning.
It didn't help the stock too much. Must be a ton of shares to churn through.
Hydra Fuel Cell Patent Voted Top Patent for 2008
HOUSTON, Sep 01, 2009 (BUSINESS WIRE) --
The Buskop Law Group (www.buskoplaw.com), has named Hydra's patent "Method For Making A Single Unit Fuel Cell" a Buskop Law Group Top Patent for 2008. Hydra's patent was selected by a vote of a group of Buskop Law Group clients and patent holders.
Buskop Law Group is patent counsel for American Security Resources Corporation and its subsidiary, Hydra Fuel Cell Corporation (www.hydrafuelcell.com).
Frank Neukomm, Chairman and CEO of ARSC, observed, "This is quite an honor for our team at Hydra and high recognition of the advanced technology that they have developed. Buskop's clients who voted to select Hydra's patent cover a wide variety of industries and sciences."
Buskop Law Group
Buskop Law Group is one of Houston's leading patent firms. Their services include patent drafting and issuance, trademark application and issuance, copyright filings, strategic advice on patent portfolios and foreign patent and trademark filings. Buskop Law Group is affiliated with a global network of patent and trademark firms in over 20 countries.
American Security Resources Corporation
ARSC is a holding company developing clean energy technologies. Its Hydra Fuel Cell Corp. subsidiary is developing high volume, mass producible hydrogen fuel cells. Its American Hydrogen Corp. subsidiary is developing methods to inexpensively formulate hydrogen. The Company also has created a financing arm, American Security Capital, to provide financing options to buyers of the subsidiaries products. For more information, please see: www.americansecurityresources.com
Safe Harbor Statement
This news release contains certain "forward looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
SOURCE: American Security Resources Corporation
American Security Resources Corporation Frank Neukomm or Bob Farr, 713-465-1001 info@amsrcorp.com
Copyright Business Wire 2009
Monsta potential~
just got through reading the PR you posted earlier Spark. Very interesting stuff, and just up the road from my town!
EDWY - http://www.edoorwayscorp.com/docs/EDWY_2008_10K_Draft.pdf
eDOORWAYS and its contextual service offerings ("doorways") will be an "open" website with typical HTML interactivity that
people can access through internet searches as well as from a variety of partner/client websites. eDOORWAYS' first doorway,
"SOLVE", will compete either directly or indirectly with the following web-based entities: GenieTown, LooBoo, The Local
Guru, Local, Yub, Slide, Facebook, LinkedIn, Yahoo Answers, MySpace, and Fatdoor. These competitors do not have a
collaboratively-based contextual (real time) service offering of the type contemplated by our business plan.
EDWY ..getting some real attention..launch in October... http://ih.advfn.com/p.php?pid=nmona&cb=1251821721&article=39181368&symbol=NO%5EEDWY
big time spark, big time, and there are a lot more 'out there' right now as well....sleeping Giants!
The folks that learn how to trade Canadian TSX stocks are going to make a mint..the little guys (little for now) that are sitting on big time silver - uranium - rare earth - vanadium - niobium - nat gas etc... are getting more and more play time..it's all about timing..just ask the Chinese who are buying left and right~
should be a nice fall, looks like i need to contact some of the companies again!
The stuff we've been watching is heating up~
nice work tonight on the DD spark...
Matamec's Rare Earths-Yttrium-Zirconium Kipawa Deposit is in Industrial Minerals Magazine September Issue!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41054148
MONTREAL, QUEBEC, Aug 31, 2009 (MARKETWIRE via COMTEX News Network) --
Matamec Explorations Inc. ("Matamec") (TSX VENTURE: MAT) is pleased to announce that Matamec's Rare Earth Elements (REE)-Yttrium-Zirconium Kipawa Deposit is the subject of a one page article in the Exposure section of the Industrial Minerals magazine September issue. The article "Kipawa heavy rare earths" is presently available on Industrial Minerals website at: indmin.com/Channel/19571/Exposure.html.
As previously outlined, the Kipawa REE-Yttrium-Zirconium Deposit has a favourable REE distribution emphasizing Heavy Rare Earth Elements (HREE), particularly Dysprosium, Yttrium, and Terbium. People should remember that on August 19, 2009 the Chinese Government announced that it was prohibiting exports of HREEs such as Dysprosium, Terbium, Thulium, Lutetium and Yttrium.
Matamec's President, Andre Gauthier, believes that the REE market has an excellent potential. According to a REE market expert, the average price for REE-oxide concentrates is $9-11 kg. As well, new technologies require more HREE which have higher prices compared to a few years ago. The price of Terbium has increased from $170/kg in 2003 to $340-360/kg in 2009 and from $20/kg in 2002 to $107-112/kg in 2009 for dysprosium. Prior to the Chinese Governments' announcement, he said: "regarding the evolution of the REE market since 2000, we believe it will continue to grow depending on the volume of products and new technologies that use HREE".
Considering a possible short fall on the world supply of HREEs such as Terbium, Dysprosium and Yttrium, had been forecast for 2014 by end-users prior to the Chinese decision, this new situation pushes the need for additional suppliers, thus increasing the value of HREE deposits, as is the case with the Kipawa Deposit. Matamec is currently looking for end-users to work with in order to quickly meet the needs of the market for HREEs based on the excellent potential of the Kipawa Deposit, as reported in Matamec press releases dated June 30, July 16 and August 24.
About Matamec
Matamec is exploring for significant gold deposits in the Timmins mining camp in Ontario, of which the three main targets are the following: Matheson JV with Goldcorp Canada Ltd and Goldcorp Inc., Montclerg and 2W properties. In Quebec, the Company is exploring mainly for precious and base metals on Lesperance/Wachigabau with Northern Superior Resources Inc., Sakami, Tansim, Valmont and Vulcain properties, rare metals and uranium on Tansim, and REE on Zeus property.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts: Matamec Explorations Inc. Andre Gauthier President 514-844-5252 info@matamec.com www.matamec.com
Uranium demand could get boost from financing rule changes
Posted: August 27, 2009, 8:42 AM by Jonathan Ratner
Uranium, Mining, financing, spot prices
The spot price for uranium may have dropped slightly, but revisions to rules of nuclear power plant financing could provide a boost to longer-term demand.
Monday’s UxC spot price fell US$1 to US$47 per pount, with the long-term price unchanged at US$65. This follows Friday’s US50¢ decline to US$47.50 for TradeTech’s spot price. Its long-term price is US$65.
As anticipated, spot prices have softened somewhat on reduced demand. Uranium Intelligence Weekly believes that market participants not on vacation appear to be price-sensitive buyers and sellers disagreeing over which direction spot will trend next, Raymond James analyst Bart Jaworski told clients. He noted that the upcoming disposition of uranium hexafluoride (UF6) by the U.S. government is also likely dampening activity.
Although nearly all spot market demand is currently discretionary, the Department of Energy (DOE) is hoping to change the rules of its loan guarantee program to remove a requirement that prioritized DOE liens ahead of those from third-party lenders.
“The move could entice foreign governments and private lenders into participating in loans destined for plant construction; given the current credit environment, financing is the largest hurdle for these multi-billion dollar, long lead-time projects,” Mr. Jaworski said.
He noted that the increased use of construction-work-in-progress (CWIP) financing is also pushing new U.S. plant building forward.
“CWIP allows utilities to recoup capital costs from ratepayers before construction is complete,” the analyst said. “The fees relieve the financial strain of an asset that is not generating income and help mitigate the time-value costs of construction delays.”
Jonathan Ratner
Uranium will peak in 2009, Lehman says
Uranium will average $120,06 a pound this year, rising to $167,49 in 2009.
Stuart Wallace, Bloomberg
11 June 2007 00:00
Uranium prices will rise through at least 2009 and won't "stabilise" until after 2015 because demand for the fuel is expanding faster than supply, Lehman Brothers Holdings forecast.
Uranium will average $120,06 a pound this year, rising to $167,49 in 2009, New York-based analysts Rohit Ogra and Edward Moore said in a report on Friday. Prices will probably drop below $70 in 2017. Uranium sold for $6,75 a pound as recently as 2001.
"Unlike some other commodities, such as aluminium and coal, prices for uranium are driven not by massive Chinese buying but by two decades of limited investment in the nuclear sector, and, along with that, limited investment in uranium mining," the analysts said in their report.
Concern about pollution and the potential scarcity of oil and gas is reviving demand for nuclear power. There are 437 nuclear power plants across 30 countries, with 30 more being built, 74 planned and 182 proposed, the bank said. Supplies of uranium, used to generate about 16% of global electricity, won't exceed demand until 2012, Lehman Brothers forecast
STHG DD Compilation post made by rheddle..this one has some room to move up~
AS 495 million
OS 494 million
Float 351 million
TA is ungagged so we can all call up to check the OS.
OS Set to go down per pinksheets disclosure statement filed this week!
"*Lost certificate cancellation pending in the amount of 54,900,000.
Certificate Number CS1- 3701 scheduled for cancellation without reissuance.
After completion of cancellation of certificate Shares Outstanding
429,166,684."
Series B preferred stock - 1 million shares that are not convertible into common stock. ESR holds 50% of these shares.
No warrants, convertible debentures outstanding.
There was a reg 504 D filing earlier this year and those shares are now all sold and are part of the current OS. From pinksheets disclosure filing:
"Between March 3rd 2009 and July 15th 2009 the Company issued 167,428,571
shares of common stock to a private accredited investor for the amount of
$105,000. These shares are no longer owned by the accredited investor and
are now included in the CEDE figure above."
Existing debt resolution:
See the following from the pinksheets disclosure statement just filed this week:
"As of July 31st, 2009 The Company holds a note payable to the previous
owners in the amount of $630,495.33. Since that time The Company has come
to an agreement to fully relinquish the $630,495.33 in exchange for
20,000,000 shares of common stock at a rate of .034 a share. The issuance has
not been transacted as of yet."
Note the .034 a share and we closed at .0012 on Friday. Huge IMO.
Company Profile / Strategy
"Stratton Holdings, Inc. is a diversified holding company formed in 2008 with
the overall mission of seeking out small to mid-sized companies to bring to
the Stratton Holdings, Inc. family and assist in their expansion and in turn
use those profits to repeat the cycle creating value and products worth being
proud of."
The company has one acquisition under it's belt that was announced in the third week in August. The acquisition markets a natural product to combat Lyme disease:
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=24569651&topic=STHG&symbology=null&cp=off&webmasterId=89753
STHG has more acquisitions that it is working on completing at the moment that have been hinted at in previous PR's. From the last PR dated August 24th:
"The Company wants to inform shareholders that the officers have begun negotiations with another web-based acquisition that will be announced as soon as the terms are agreed upon. The Company expects this to be executed in short order. "
More acquisitions? From the pinksheets.com disclosure statement:
"Stratton Holdings, Inc. is also in discussions with two privately held
companies to acquire them or a majority ownership."
How will the company raise cash?
No more 504's repeatedly stated by the CEO. The following from the disclosure statement on pinksheets:
"The company has limited cash and intends to raise funds for
operations through various investment offerings or through various loan
arrangements with the Company’s officers."
Sources:
Past PR's
Conversations with the company
Pinksheets.com disclosure statement just filed resulting in the Caveat Emptor being removed: http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23785
SFRX..time to start adding before she runs away~
QASP..been adding~
qasp is at a very attractive price right now...
Joining you in QASP in the morning. It boiled down to that or SRSR but I already own a pile of SRSR :)
I came across NBRI and a golden cross tonight. I saw you were a mod on it. Any forward looking events? Thanks.
great article, REE's will be huge
Like I have said before..time to start acumulating rare earth plays:
World faces hi-tech crunch as China eyes ban on rare metal exports
Beijing is drawing up plans to prohibit or restrict exports of rare earth metals that are produced only in China and play a vital role in cutting edge technology, from hybrid cars and catalytic converters, to superconductors, and precision-guided weapons.
A draft report by China’s Ministry of Industry and Information Technology has called for a total ban on foreign shipments of terbium, dysprosium, yttrium, thulium, and lutetium. Other metals such as neodymium, europium, cerium, and lanthanum will be restricted to a combined export quota of 35,000 tonnes a year, far below global needs.
China mines over 95pc of the world’s rare earth minerals, mostly in Inner Mongolia. The move to hoard reserves is the clearest sign to date that the global struggle for diminishing resources is shifting into a new phase. Countries may find it hard to obtain key materials at any price.
“This isn’t about the China holding the world to ransom. They are saying we need these resources to develop our own economy and achieve energy efficiency, so go find your own supplies”, he said.
Mr Stephens said China had put global competitors out of business in the early 1990s by flooding the market, leading to the closure of the biggest US rare earth mine at Mountain Pass in California - now being revived by Molycorp Minerals.
New technologies have since increased the value and strategic importance of these metals, but it will take years for fresh supply to come on stream from deposits in Australia, North America, and South Africa. The rare earth family are hard to find, and harder to extract.
Mr Stephens said Arafura’s project in Western Australia produces terbium, which sells for $800,000 a tonne. It is a key ingredient in low-energy light-bulbs. China needs all the terbium it produces as the country switches wholesale from tungsten bulbs to the latest low-wattage bulbs that cut power costs by 40pc.
No replacement has been found for neodymium that enhances the power of magnets at high heat and is crucial for hard-disk drives, wind turbines, and the electric motors of hybrid cars. Each Toyota Prius uses 25 pounds of rare earth elements. Cerium and lanthanum are used in catalytic converters for diesel engines. Europium is used in lasers.
Blackberries, iPods, mobile phones, plams TVs, navigation systems, and air defence missiles all use a sprinkling of rare earth metals. They are used to filter viruses and bacteria from water, and cleaning up Sarin gas and VX nerve agents.
Arafura, Mountain Pass, and Lynas Corp in Australia, will be able to produce some 50,000 tonnes of rare earth metals by the mid-decade but that is not enough to meet surging world demand.
New uses are emerging all the time, and some promise quantum leaps in efficiency. The Tokyo Institute of Technology has made a breakthrough in superconductivity using rare earth metals that lower the friction on power lines and could slash electricity leakage.
The Japanese government has drawn up a “Strategy for Ensuring Stable Supplies of Rare Metals”. It calls for `stockpiling’ and plans for “securing overseas resources’. The West has yet to stir.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6082464/World-faces-hi-tech-crunch-as-China-eyes-ban-on-rare-metal-exports.html
EVRM big news this morning
NEW YORK, NY, Aug 28, 2009 (MARKETWIRE via COMTEX) -- The Evermedia Group, Inc.(PINKSHEETS: EVRM) is pleased to announce the recent Department of the Navy approval of affiliate System Technology Solutions, Inc. (STS) to participate, as subcontractor, in a Department of Defense (DoD) contracting initiative exceeding $20 million.
This development follows a recent technical review of STS, held in July 2009, conducted by the Department of the Navy demonstrating that STS satisfied the necessary capability requirements to render services under this subcontract.
An indefinite-delivery/indefinite-quantity (ID/IQ), cost-plus-fixed-fee, performance-based contract, the project could continue through 2012 depending on its option years. Should the DoD exercise all option years, the contract is estimated to total over $100 million in value.
Assuming task order assignments, STS will provide mechanical and engineering support to the Navy, Department of Defense (DoD), and various other government agencies including the Defense Logistics Agency (DLA). While this approval pertains to STS's current prime contractor, the name of the associated contract and prime will be publicly released upon pending approvals. Shareholders will receive updates regarding this project and all participants will be specified at the earliest possible time.
Currently, the prime representing STS is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry.
Regarding the certification and expected involvement in this largest contract, CEO of the Evermedia Group Jonathan Sym said, "STS is moving forward rapidly, and by continuing the effort to align our business objectives, STS will grow to become a highly recognized name in the defense contracting community." Sym added,
"Dick [Richard Weitzel], Patricia [Patricia Waldroop], and the rest of the STS team should be proud of their achievements."
About Evermedia
Evermedia is a veteran-owned company based in New York, NY that develops biometric-based identification management and authentication solutions using proprietary, patent-protected iris recognition technology. Evermedia is involved in the development of biometric-based authentication and verification systems to
protect personal identity. The company's proprietary technology is patented in the United States, China and South Korea. In addition to various other companion interests, the Evermedia Group is the largest shareholder in STS Evermedia, the parent of System Technology Solutions, Inc.
About System Technology Solutions Based in San Antonio, TX, STS is a defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS also provides technical design, program management and security services globally.
The Evermedia Group, Inc.
Jonathan Sym
917-209-5787 Cell
646-216-2157 Office
SOURCE: The Evermedia Group, Inc.
Copyright 2009 Marketwire, Inc., All rights reserved.
Nice! Another one coming into play.
KLSVF.pk/ KS.V - NEWS (looks like they might have hit on the motherload~) Klondike Silver Corp. Discovers Western Extension of Lode Structure on Initial Underground Drilling of Silvana Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2009) - Klondike Silver Corp. (TSX VENTURE:KS - News; the "Company") is pleased to report that initial diamond drilling west of the past-producing Silvana Mine has revealed the presence of a favorable structure with similar geological characteristics to the historic "Main Lode" structure. The "Main Lode" structure was the principal source of silver/lead/zinc production in the prolific Sandon Silver Camp of south-central British Columbia.
Note - - 'MAIN LODE' WAS PRINCIPAL SOURCE OF PRODUCTION FOR NUMEROUS MAJOR PRODUCERS WITHIN THE SLOCAN CAMP, INCLUDING THE SILVANA, MAMMOTH, SILVERSMITH AND STANDARD MINES - TARGET AREA WAS SLATED FOR FURTHER EXPLORATION WHEN MINE SHUT DOWN IN 1990s AS A RESULT OF LOW METAL PRICES
An audio interview summarizing this release has been prepared with the Company's Mine Manager, Steve Phillips, is available through AGORACOM Investor Relations via the following link (link will go live at approximately 11:30am EST, August 27, 2009):
http://www.smallcapepicenter.com/executive/KSbtpr270809
"We have two goals in the current underground exploration program; first to identify the presence of the lode structure within the prospective horizon, and second to locate any ore-bearing chutes within the structure. The discovery of lode structure this early in the initial phase of exploration is exciting as we are just at the start of our target area," comments Company president Richard Hughes. "This 1.5 km area between the Mammoth and Silvana mines has never been tested before although it was slated for exploration before the mine shut down in the early 1990s as a result of low metal prices. Drilling will now focus on testing the newly discovered structure for the presence of ore-bearing chutes as well as further delineating its extent."
To view a map of the 2009 drilling and target area please click on the following link (if the link does not open cut & paste it into your browser address bar):
http://www.klondikesilver.com/i/pdf/MainLodeXsectioncropped.pdf
The "Main Lode" structure is more than 8 kilometers long, extending east from Silverton on Slocan Lake to Sandon through the "Silver Ridge" of the Selkirk Mountains some 50 kilometers north of Nelson, B.C.
The Company holds the ground for approximately 1.5 km to the west of this productive zone, to within 0.5 km of the Mammoth Mine. This program represents the first attempt since the early 1990s to explore west towards the Mammoth, Standard and the other major "Main Lode" producers.
The initial phase of diamond drilling was conducted from the new underground west extension of the main access (4625 Level) of the Silvana Mine.
- Four BQ-size holes totaling 363.6 meters (1,193 feet) were drilled at a departure of 9,250.00 feet E. (mine grid). This initial drilling program represents the first stage of exploring a 1.5-kilometer long (7,000 feet) presumed highly prospective segment of the "Main Lode" structure.
- The recently completed drill program achieved an important objective as the structure intersected by the drilling has characteristics typical of the "Main Lode" as mined at Silvana.
- Following this identification, the next 100 meters (330 feet) westerly extension of the main access (4625 Level) is now under way. The next drill station for testing the presence and resource potential of the "Main Lode" will be at approximately 9,500 feet E. (mine grid).
The Silvana Mine is one of 29 former producers staked or acquired by the Company within the Slocan Camp. Other assets include extensive exploration lands and a fully permitted 100-tonne-per-day (TPD) flotation mill.
The Silvana Mine produced approximately 8 million ounces of silver and more than 30,000 tons each of lead and zinc from 550,000 tons of mill-feed mined from a 1.5-kilometer section of the "Main Lode" under Silver Ridge. This section was explored, developed and mined almost continuously from 1970 to 1993 by the Silmonac Syndicate and its successors, including Kam-Kotia Mines Limited, Silvana Mines Inc., Dickenson Mines Limited and Treminco Resources Ltd. Sporadic mining has since been conducted by other companies, including Klondike Silver.
The Qualified Person for the purpose of National Instrument 43-101 is Trygve Hoy, PEng, PhD who has read and agreed with the technical information in this news release.
About Klondike Silver:
Klondike Silver Corp. has assembled a quality portfolio of silver properties in historic mineral districts in North America, and is applying advanced exploration technologies to add value to these core assets. Klondike Silver is reviving the Gowganda and Elk Lake silver camps in Ontario, and the world-famous Klondike district of Yukon Territory. The Company owns a 100 TPD fully operational flotation mill in Sandon, BC, which is currently processing material from one of its Yukon properties and local mines in the historic Slocan Silver Camp.
Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team with a stellar track record of discovery and development in Canada.
Visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with Company President, Richard Hughes.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy or contents of this news release.
Contact:
Klondike Silver Corp.Corporate Inquiries:Kevin Hull(604)-685-2222Alan CampbellKlondike Silver Corp.(604)-685-2222604-685-3764 (FAX)info@klondikesilver.comwww.klondikesilver.com
Hey Leigh..good to see you here..IWEB looks like another Monsta in the making~
Hi Spark, I see all the good guys on IHUB are here. Thank you for the link.
I like the news from IWEB today.
IceWEB Introduces Storage Virtualization Software
Software Allows Virtualization of Storage for VMWare, Citrix / XEN and Microsoft Hyper-V
Aug 27, 2009 8:57:00 AM
DULLES, Va., Aug. 27 /PRNewswire-FirstCall/ -- IceWEB's (OTC Bulletin Board: IWEB) wholly owned subsidiary, INLINE Corporation (www.inlinecorp.com) announced that optional software modules are now available for Iplicity allowing organizations to virtualize underlying storage for Virtual Machines.
"Iplicity enables the management and presentation of underlying storage for virtual servers. Virtualized storage space can be served up to virtual servers via NFS or iSCSI or Fiber Channel. The management of the storage for these environments is dramatically improved through the use of the Iplicity VM Data Center. Put simply, this module delivers one-click virtual storage provisioning and virtual machine cloning," said Gary Dunham, Sr. VP of Product Development for INLINE. "Organizations have been swiftly migrating from physical computer servers to virtual server environments - this makes sense from a cost, a deployment, and an environmental perspective. Iplicity gives these organizations the ability to virtualize the underlying storage for all of their servers. This capability represents a logical extension or augmentation of those same cost, deployment, and energy conscious goals. The ability to point Virtual Machines at an easily manageable, robust and scalable pool of thinly provisioned virtual storage will save time, increase flexibility, and further the industry's march toward elasticized cloud computing."
The Iplicity VM Data Center add-in module, priced at $1,900 is available immediately for Iplicity 2.1 users.
About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets storage solutions and on-line cloud computing application services. Its customer base includes U.S. government agencies, enterprise companies, and small to medium sized businesses (SMB). For more information, please visit www.IceWEB.com.
nice to see you here rig!
Welcome Rigger..IWEB lotsa room for moving higher...real company ..real revs..and contracts keep pouring in..gotta love it~
SPARK...
Marked the board.
This buy back of the preferred above market value is what really hooked me. Nice when a ceo has skin in the game. In fact, its a must for me if I plan on holding a play moving forward.
~Rig
IWEB..past news releases:
http://www.iceweb.com/newsandpressreleases.asp
August 19, 2009 IceWEB's INLINE Corporation Signs Partnership Agreement With Spot Image Corporation
INLINE to Distribute Satellite Imagery Data | ...read more
August 17, 2009 IceWEB Reports Fiscal Third Quarter Results
Gross Margin Improves 300% Over Prior Year, Exceeding 50% for the First Time, Due to Sale of High-Margin Proprietary Storage Products; Company Significantly Reduces Debt | ...read more
August 12, 2009 Department of Defense Awards IceWEB's INLINE Corporation Contract to Provide Innovative Storage Solutions | ...read more
August 6, 2009 IceWEB Subsidiary INLINE Corp. Releases New Ultra-Portable Geospatial Server
Industry’s First Portable GIS Server with Expandable / Interchangeable Storage | ...read more
August 4, 2009 IceWEB, Inc. Chairman and Chief Executive Officer Purchases Outstanding Series B Convertible Preferred Stock
Purchase of Preferred Stock, Convertible at Significant Premium to Price of Common Stock, Reflects Executive’s Confidence in Company’s Future| ...read more
July 30, 2009 ICEWEB™ Corporation’s INLINE™ Subsidiary Experiences Strong Demand for New Iplicity 2.0™ Software
Company Receiving First Orders from Commercial and U.S. Government Customers | ...read more
July 29, 2009 IceWEB, Inc. Secures $3 Million Investment for Series C Preferred Stock | ...read more
July 12, 2009 IceWEB's InLINE Subsidiary to Launch IPLICITY 2.0 Enterprise Platform at the 29th ESRI International User Conference | ...read more
May 29, 2009 IceWEB's Inline Subsidiary Awarded Contracts to Provide Storage Solutions to Five New Department of Defense Customers
Orders to Be Delivered in Current Quarter | ...read more
May 14, 2009 IceWEB Reports First Quarter of Net Income
Improved Operating Results, Gain on Sale of Subsidiary Lead to Q2 EPS of $0.08 | ...read more
May 1, 2009 IceWEB™ launches Iplicity™ Storage Manager (ISM)
Customers can Scale to multiple Petabytes | ...read more
April 20, 2009 ICEWEB Online Delivers Free Microsoft Exchange Synchronization to Apple iPhone & iPod Touch Users
Apple iPhone™ Users can Sync Email, Calendars, Contacts with IceMAIL Hosted Exchange Service | ...read more
April 16, 2009 IceWEB Announces Preliminary Second Quarter Results For Period Ended March 31, 2009
Expects to Report Highest EBITDA In Company’s History; Gross Margin to Exceed 40% | ...read more
April 9, 2009 IceWEB’s INLINE Subsidiary Adds InfiniBand Capability to its FileStorm Product Line
Customers can now Integrate Existing and Low-Cost Bulk Storage into one High-Performance FileStorm Clustered Solution with Infinite Scaling and Lower Operating Costs | ...read more
April 8, 2009 ICEWEB, Inc. Significantly Improves Balance Sheet Through Sale of Subsidiary
Sale Expected to drive Margin Improvement; reduces debt by $3.6m | ...read more
March 27, 2009 IceWEB’s INLINE Subsidiary Announces new GIS Systems for Phase II of the GeoBase Project
New Configurations Now Include VMware and Enterprise-Class Backup | ...read more
March 19, 2009 IceWEB's INLINE Subsidiary Announces Delivery of GIS Solution to Canadian Organization | ...read more
February 24, 2009 IceWEB's INLINE Subsidiary and Emergeo Solutions, Inc. Form Strategic Marketing Agreement
EmerGeo will Market INLINE MLP Storage Servers Worldwide | ...read more
February 19, 2009 IceWEB’s InLINE Subsidiary Exhibiting at the ESRI Federal User Conference
INLINE Modular Lightweight Portable (MLP) Storage Server being Featured | ...read more
February 17, 2009 IceWEB Announces First Quarter Financial Results | ...read more
January 20, 2009 IceWEB Wins $300,000 Contract | ...read more
January 14, 2009 IceWEB's INLINE Division Awarded Storage Contract From Federal Agency
Order expected to triple in size over next 12 months | ...read more
December 29, 2008 IceWEB Announces Fiscal 2008 Year End Results
Revenues reach $16.3 Million Company Positioned for Future Profitability | ...read more
December 1, 2008 IceWEB Executes $1.2M Convertible Debenture with Sand Hill Finance, LLC
Fixed Floor Price at 100% Premium to Current Price | ...read more
November 25, 2008 IceWEB™ Awarded $3.75 Million in New Contracts | ...read more
September 17, 2008 IceWEB Announces Contract Win from Federal Agency for $427,000
Revenue to Be Recognized in Fourth Quarter | ...read more
September 10, 2008 IceWEB™ Awarded Federal Contract for $450,000
Revenue to be recognized in Fourth Quarter | ...read more
August 6, 2008 IceWEB’s INLINE Division Announces Launch of New ManPac III Field Deployable System at ESRI International Users Conference | ...read more
July 30, 2008 IceWEB to Launch New ESRI ArcGIS 9.3 Storage Appliance at ESRI International Users Conference August 5-7, 2008 at San Diego Convention Center
New Product Development Key to Company’s Revenue Growth and Competitive Position | ...read more
May 19, 2008 IceWEB™ Receives Commitment Letter from Wells Fargo Business Credit to Refinance Senior Debt
Expected to Yield Savings of Approximately $700,000 In Interest Expense Over the Next 12 Months | ...read more
May 16, 2008 IceWEB™ Reports Fiscal 2008 Second Quarter Results
For the Three and Six Month Reporting Periods, Sales of IceWEB’s On-Demand Application Services Increased 198% and 212%, Respectfully | ...read more
May 14, 2008 IceWEB™ Inc. Announces Revenue of $2.3 Million for April
Momentum from INLINE™ Acquisition Generating Increased Sales Activity with 80% Improvement in Gross Margins | ...read more
May 12, 2008 IceWEB™ Receives $930,000 Log Management Platform Contract Award
Revenue to be Recorded in Current Quarter | ... read more
April 18, 2008 IceWEB™ Recurring Revenue from IceMAIL ™and IcePORTAL™ eclipses $100,000 Per Month Milestone
IceWEB’s Next Generation Hosting Platform – Network 2.0 (IN²™) – Is Now Fully Operational | ...read more
April 11, 2008 Federal Agency Chooses IceWEB™ to Implement Coradiant ™ Truesight™ Solutions for Managing Web Activity
Initial Contract Valued at Approximately $200,000 | ... read more
March 26, 2008 IceWEB™ Expands Board of Directors with Appointment of Retired U.S. Army Lt . General Harry E. Soyster as Independent Member
Former Director of Defense Intelligence Agency to Aid Company in delivering IceWEB’s
cutting-edge storage and on-line application services to the Federal Government |
...read more
March 25, 2008 IceWEB™ Receives Contract from Federal Government Agency for Log Management & Intelligence Platform
LogLogic® Product Helps Agency Meet Security Compliance Requirements | ... read more
February 29, 2008 IceWEB™ to launch IceWEB Network 2.0, marketed as “IN2™”
New Network Platform to support IceMAIL™, IceVISTA™, IcePORTAL™, IceSECURE™ and LearningStream™ on IceWEB’s INLINE™ Storage Products | ...read more
February 14, 2008 IceWEB™ Reports FY2008 First Quarter Results
IceWEB manufactured product sales jump 346.2% | ... read more
January 3, 2008 IceWEB™ Completes Acquisition of Inline™ Corporation
Leading Data Storage Manufacturer Expected to Generate $8-10 Million in 2008 Revenues and Contribute Significantly To Earnings | ...read more
December 26, 2007 IceWEB™ Announces Fiscal 2007 Results | ...read more
December 7, 2007 IceWEB™ to Acquire Inline™ Corporation
Acquisition Supports IceWEB Strategies to Expand Proprietary Product Mix, Increase Profit Margins on Government/Enterprise Sales and Rapidly Penetrate International IT Markets | ...read more
December 4, 2007 IceWEB™ Named by Apple® as Authorized Distributor to U.S. Federal Government | ...read more
October 25, 2007 IceWEB™ Inks Partnership with UK based OfficeTalk Ltd.
Distribution Agreement Will Drive Hosted Services Sales | ...read more
October 2, 2007 IceWEB™ Doubles Recurring User Footprint of both IceMAIL™ and IcePORTAL™ in one month
Company On Track to Exceed 10,000 Seats by December 31st, 2007 | ...read more
October 1, 2007 IceWEB™ Launches IceSECURE™ Mail
Subscription Based PKI Encryption Offering Ensures Email Privacy | ...read more
September 27, 2007 IceWEB™ Receives Defense Department Awards Totaling $600,000
Government Acquires WAN Optimization Equipment & Services | ...read more
September 21, 2007 IceWEB™, Citrix & Procuri In SaaS Marketing Article
DM News Article Covers Citrix and IceWEB “Software As A Service” Marketing |
...read more
September 12, 2007 IceWEB™ Announces Industry's First SmartPhone Autoprovisioning
IceMAIL™ First Exchange Provider Enabling Clients To Auto-Provision BlackBerry™, Palm Treo™, and Microsoft Windows Mobile™ PDA SmartPhone Devices | ...read more
September 6, 2007 IceWEB™ Announces $945,203 Department of Defense Contract Award
Provides Network Anomaly Detection Products & Maintenance | ...read more
August 23, 2007 IceWEB Announces On-Demand Security Product Suite
Reveals PKI Encrypted Email, Secure Statements & Security Training Portal | ...read more
August 22, 2007 IceWEB Awarded Microsoft Gold Certified Partner Status
Reaches Highest Level of Microsoft Certification | ...read more
August 15, 2007 IceWEB Awarded $412,000 State/Local Government Contract
IceWEB to Provide Wide Area Network Optimization Appliances | ...read more
August 15, 2007 IceWEB Reschedules Fiscal 3rd Quarter Investor Conference Call
CEO to Review Continued Growth and Accomplishments | ...read more
August 14, 2007 IceWEB Reports 3rd Quarter Financial Results
Year-Over-Year Revenue Growth of 308% | ...read more
August 3, 2007 IceWEB Awarded $437,000 Government Contract
Teams with Ounce Labs to Reduce Security Threats to Federal Agency | ...read more
August 2, 2007 IceWEB Publishes New iPhone Upgrade Instructions
Apple iPhone Releases Version 1.0.1 | ...read more
August 2, 2007 IceWEB Updates Yearly Projection to $19,000,000
Revenue in 3rd Quarter up 337% over 3rd Quarter '06 | ...read more
August 1, 2007 IceWEB Online Subscriptions Doubled in 3rd Quarter
iPhone Synchronization Service Lauded in Article | ...read more
July 18, 2007 IceWEB to Deliver Strategic Authentication for Federal Government
Announces New $240,000 Federal Contract | ...read more
July 16, 2007 IceWEB Awarded $545,000 in New Contracts from U.S. Government
IceWEB to provide network firewall hardware and support services | ...read more
July 11, 2007 IceWEB Leverage F5 Networks' Solution to Fight Spam
IceWEB and F5 Jointly Market F5's BIG-IP Message Security Module | ...read more
July 9, 2007 IceWEB Announces IceMAIL for Apple iPhone
Apple iPhone Users Can Receive Microsoft Exchange Mail via IceMAIL | ...read more
July 5, 2007 IceWEB Awarded $315,000 Contract from U.S. Government
IceWEB to provide Intrusion Prevention Appliances | ...read more
June 29, 2007 IceWEB Receives $176,000 Order from Federal Agency
IceWEB announced today that it has received a contract delivery order | ...read more
June 28, 2007 IceWEB Receives $10 Million Government Contract from US Patent and Trademark Office
IceWEB receives an Indefinite Delivery / Indefinite Quantity contract | ...read more
June 27, 2007 IceWEB Awarded $438,000 Contract to Provide Layer-7 Firewalls to Federal Agency
Company Reiterates 2007 Revenue Forecast of $17 Million | ...read more
June 21, 2007 IceWEB and Intelligent Office Expand Relationship
Intelligent Office to offer IceWEB Hosted Services to 4000+ D.C. Clients | ...read more
June 11, 2007 IceWEB IcePORTAL Technology to Support 34th Annual EMMY Awards
IcePORTAL Hosted SharePoint Service to Provide Support for Live WEBCAST of 34th Annual Daytime Creative Arts & Entertainment Awards (EMMYS) | ...read more
May 31, 2007 IceWEB Approved As E-Rate Provider
Schools and Libraries to Receive FCC Subsidies to Purchase IceWEB Hosted Products | ...read more
May 2, 2007 IceWEB Announces Launch of LearningStream.com
Hosted Online Learning Site Revamped with Over 2,000 New Courses | ...read more
April 26, 2007 IceWEB Reports Second Quarter Revenue of $5,877,457 and Quarterly Profit
Quarterly Results Build Confidence in Company's Revenue Growth Forecast of 270% to $17 Million. | ...read more
March 28, 2007 IceWEB Receives $1,863,000 Contract Award from U.S. Department of Veterans Affairs
Total Award Value of $2,799,000 Possible With Follow-on Awards. | ...read more
March 1, 2007 IceWEB Receives $600,000 Technology Contract from U.S. Social Security Administration
Contract includes option for additional $700,000 next year. | ...read more
February 26, 2007 IceWEB Offers Free IceMAIL with Hosted Blackberry Enterprise Service
Hosted Microsoft Exchange and Blackberry Service Free for 90 Days. | ...read more
February 16, 2007 IceWEB Reports 70 Percent Year-Over-Year Growth in Revenue for Q1 FY2007
Company Increases 2007 Revenue Forecast to $17 Million | ...read more
February 15, 2007 IceWEB Selects Allen & Caron for Investor Relations and Corporate Communications
IceWEB to step up communications outreach to the investment community. | ...read more
January 10, 2007 IceWEB's IceMAIL Available for Motorola Q Smartphone
Motorola Q Smartphone users Sync-Up with IceMAIL Hosted Exchange Free for Three Months | ...read more
January 9, 2007 IceWEB’s IceMail Bundled with Palm Treo 700wx and Treo 680 Smartphones
Palm Treo 700wx Priced Reduced to $199 | ...read more
January 3, 2007 IceMail Bundled with Palm Treo 680 and Treo 700wx Smartphones
IceWEB announced a limited time special offering of its IceMAIL Hosted Exchange service bundled with the Palm® Treo™ 680 or Treo 700wx Smartphone from Palm, Inc. available through IceWEB and Simply Wireless Inc. | ...read more
December 19, 2006 IceWEB™ Unveils New IceWEB.com Website
IceWEB announced today the availability of its new corporate website at www.IceWEB.com | ...read more
December 19, 2006 IceWEB Receives $1,125,000 in New Federal Contracts
IceWEB Solutions Group has received $1,125,000 in new contract awards from U.S. Government | ...read more
December 5, 2006 IceWEB CEO Featured in Exclusive Interview With WallSt.net
On November 30, John Signorello, Chief Executive Officer for IceWEB, Inc. (OTC Bulletin Board: IWEB - News) updated the investment community in an exclusive interview with www.wallst.net | ...read more
November 29, 2006
IceWEB Issues Forward Looking Guidance
Provides Update on True North Federal Acquisition | ...read more
November 6, 2006 IceWEB Receives $230,000 Contract to Provide Firewall Maintenance & Support for Department of Defense
IceWEB has been awarded a contract worth $230,000 from Lockheed Martin Corporation to provide firewall maintenance and support for the Department of Defense. | ...read more
November 2, 2006
IceWEB Acquires $28,000,000 True North Solutions Federal Government Business Unit
IceWEB acquired the Federal Government Business operations of True North Solutions, Inc. that produced $28,240,000 in federal sales in 2005. | ...read more
October 26, 2006 IceWEB Signs Reseller Agreement with Ingrian Networks
Ingrian Network Security Products to be Offered Exclusively on
IceWEB GSA Contract | ...read more
October 25, 2006
IceWEB Receives $520,000 in New Federal Network Security Contracts
IceWEB has received an additional $520,000 in new orders for Secure Computing
security solutions from the U.S. Marine Corps and an unspecified US Government intelligence agency | ...read more
October 5, 2006 IceWEB Receives $1.4 M in Federal Network Security Orders
Sales in first month of Federal Security Initiative Exceed Goal | ...read more
September 28, 2006 IceWEB Partners with Secure Computing for Federal Security Initiatives
IceWEB enters into an agreement with Secure Computing (NASDAQ:SCUR) to offer their entire line of network security products | ...read more
September 5, 2006 IceMAIL Now Available At CompUSA
Order Online at http://www.compusa.com/specials/digitalservices/icemail.asp | ...read more
July 28, 2006 IceWEB Signs New Affiliates
Intelligent Office and Independent Network Solutions to offer IceWEB suite of Microsoft Hosted products to customers | ...read more
July 19, 2006 IceMAIL and IceWEB Internet Services to be Sold by BridgeOne
BridgeOne Market Solutions Becomes IceWEB Affiliate Partner | ...read more
July 14, 2006 Simply Wireless to Sell IceMAIL Nationwide
Will Market and Distribute IceMAIL to Fast-Growing Small Business Market | ...read more
July 12, 2006 IceWEB Launches New Affiliate and Reseller Partner Program
Sales and Marketing of IceWEB Services to Expand Nationwide | ...read more
June 11, 2006 IceWEB’s IceMAIL Hosted Exchange to be Sold Nationwide through CompUSA
CompUSA to take Equity Stake in IceWEB | ...read more
May 30, 2006 IceWEB™ Awarded District of Columbia Supply Schedule (DCSS)
IDIQ Contract allows up to $5 Million in product and services sales | ...read more
IWEB...even moreeeeeee: IceWEB Reports Fiscal Third Quarter Results
Gross Margin Improves 300% Over Prior Year, Exceeding 50% for the First
Time, Due to Sale of High-Margin Proprietary Storage Products; Company
Significantly Reduces Debt
DULLES, Va. – (PR NEWSWIRE) – August 17, 2009 – IceWEB, Inc.™ (OTCBB:IWEB),
www.iceweb.com, today announced financial results for its fiscal third quarter for the period
ended June 30, 2009.
Recent Operational highlights
• Chief Executive Officer recently acquired the remaining Series B preferred Stock
• Company executed $3MM Series C preferred investment
• Revenue margins for the IceWEB family of products eclipsed 50% for the first time ever,
compared to 12.2% in the same period in fiscal 2008.
• 100% of the company’s revenue was generated through the sales of high-margin
proprietary storage solutions; the Company exited the lower-margin reseller business
earlier this year
• Company Launched its Iplicity enterprise platform
• Company added 30+ new customers
• Loss from operations was reduced by 61.2% to $804K, from $2.07 million. Of this loss,
non-cash expenses accounted for $322K.
• Selling, general and administrative expenses totaled $1.0 million, versus $2.4 million in
the year-ago period. Excluding non-cash expense, G&A for the quarter ended June 30,
2009 was $765,000 versus $1,200,000 in the year ago period, a reduction of $435,000 or
36%.
• Current liabilities declined from approximately $9 million at its fiscal year ended
September 30, 2008, to $3.0 million. Total debt declined from $10.1 million at
September 30, 2008 to $4.3 million at June 30, 2009.
• Actual operating cash loss for the quarter was $233,000, including one- time legal
charges of $123,000
Revenue for the 2009 third quarter was $826,000 compared to $6.0 million for the same period
in fiscal 2008. Revenue declined due to the Company’s decision to divest its IceWEB Solutions
Group, Inc. (VA) subsidiary, a reseller of low-margin hardware and software products. Third
quarter total operating expenses were $1.2 million, which included $322,000 of non-cash items,
compared to $2.8 million in the year-earlier period.
After adjusting for non-cash items and interest expense, the Company’s pro-forma EBITDAS
(Earnings Before Interest, Taxes, Depreciation, Amortization and Stock-based compensation) for
22900 Shaw Road, Suite 111 • Sterling, Virginia 20166 • Tel. (571) 287-2380 • Fax (571) 287-2396 • www.IceWEB.com
the 2009 fiscal third quarter was a loss of $396,000, compared to a loss of $617,000 in the
previous year. The actual operating loss was $233,000 after taking into account one time legal
charges of $123,000.
“We believe the improved operating results for the third fiscal quarter reflect our commitment to
our proprietary storage products we own and manufacture,” said John R. Signorello, Chairman
and Chief Executive Officer of IceWEB, Inc. “We are now focused on the many opportunities to
increase sales of our storage products. We believe that these initiatives will favorably impact
results over the balance of the year, leading to growing sales, additional margin improvement
and improved profitability.”
Strategic Update
With the recent preferred stock financing in place, and with recent product development
progress, including the roll-out of the Company’s Iplicity 2.0 Enterprise Platform, the Company
is positioned to place even greater emphasis on penetrating key markets and increase its sales
and marketing efforts.
Mark B. Lucky, IceWEB Chief Financial Officer stated, “Our efforts over the last nine months to
improve our balance sheet and right size the Company's operations and capital structure will
greatly enhance the Company’s prospects for profitable financial performance in the coming
fiscal year.”
NON-GAAP Financial Measures
The Company uses non-GAAP financial measures in evaluating its financial and operational
decision making and as a means to evaluate period-to-period comparison. Company management
believes that the non-GAAP financial measures provide meaningful supplemental information
regarding our performance and liquidity by excluding certain expenses and expenditures that
may not be indicative of the performance of our core cash operations. The Company believes
that both management and investors benefit from referring to these non-GAAP financial
measures in assessing our performance and when planning, forecasting and analyzing future
periods. The Company believes these non-GAAP financial measures are useful to investors
because they allow for greater transparency with respect to key metrics used by management.
EBITDA. As is common in the industry, the Company uses EBITDA as a measure of
performance to demonstrate earnings exclusive of interest and non-cash items. (e.g. depreciation,
amortization & stock-based compensation expense). The Company, in its daily management of
its business affairs and analysis of its monthly, quarterly and annual performance, makes its
decisions based on cash flows. In managing its current and future affairs, the Company cannot
affect the amortization of the intangible assets to any material degree, and therefore uses
EBITDA as its primary management guide. Since an outside investor may base its evaluation of
the Company's performance on the Company's net loss, not its cash flows, there is a limitation to
the EBITDA measurement. EBITDA is not, and should not be considered, an alternative to net
loss, loss from operations or any other measure for determining operating performance of
liquidity, as determined under GAAP. The most directly comparable GAAP reference in the
22900 Shaw Road, Suite 111 • Sterling, Virginia 20166 • Tel. (571) 287-2380 • Fax (571) 287-2396 • www.IceWEB.com
Company's case is the removal of interest, depreciation, amortization, taxes and other non-cash
expenses.
About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets storage
solutions and on-line application services. Its customer base includes U.S. government agencies,
enterprise companies, and small to medium sized businesses (SMB). For more information,
please visit www.IceWEB.com.
IWEB moreeee: ICEWEB’S INLINE CORPORATION SIGNS PARTNERSHIP
AGREEMENT WITH SPOT IMAGE CORPORATION
INLINE TO DISTRIBUTE SATELLITE IMAGERY DATA[/B]
DULLES, Va. – (BUSINESS WIRE) – August 19, 2009 – IceWEB, Inc.™ (OTCBB:IWEB),
www.iceweb.com, today announced that its wholly owned subsidiary, INLINE Corporation, and
Spot Image Corp. have signed a commercial partnership agreement giving INLINE rights to
distribute imagery data to the entire U.S. Federal and Commercial market.
“The strength and level of expertise that INLINE has shown in the geospatial market makes them
an excellent choice for distribution of SPOT products in the United States,” said Alan Kittson, Spot
Image Corp. Director of Federal/Civilian Sales. “The ability to feed our satellite data to high
performing, purpose built INLINE appliances will assist Spot Image in our efforts to promote
widespread adoption of turnkey imagery appliances in the marketplace.”
The Federal market has a strong interest in satellite-based Earth observation and is spurring the
need for satellite imagery. The U.S. market represents one of the largest user-bases of SPOT
imagery in the world. SPOT imagery is broadly used for many applications including homeland
security, agriculture, geology, forestry, regional planning, education, intelligence and warfare.
“The 2 SPOT satellites in orbit (SPOT 4 and 5) provide images with a large choice of resolutions –
from 2.5 m to 1 km. Because of this flexibility, they have become an attractive data source for
customers. The ability to deliver imagery of any location on earth, within 24 hours, requires the
ability to store and use that information effectively in support of any mission, be it in a fixed
location using INLINE’s GIS appliances, or in a “fly-away-kit” residing on our MLP Portable GIS
system,” explained John R. Signorello, IceWEB, Chief Executive Officer.
About Spot Image Corporation
Spot Image Corporation of Chantilly, VA, is a fully-owned North American subsidiary of Spot
Image. With two operational Earth observation satellites in orbit and four more under
development, Spot Image is a leading supplier of geospatial information. Headquartered in
Toulouse, France, with subsidiaries and offices in Australia, Brazil, China, Japan, Peru,
Singapore, Mexico and the United States, the Spot Image group leverages a global network of
ground receiving stations, partners and distributors to bring an extensive variety of geographic
information products, and services to public- and private-sector decision-makers worldwide.
Spot Image is 81% owned by EADS Astrium, and together with Infoterra, forms the Earth
Observation division of Astrium Services.
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