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Under 5, applied Feb 5 for Nasdaq
Blockbuster
Cellceutix yearly progress
2011
Q1 2011 Market Cap 36.58 MM
2012
Q1 2012 Market Cap 47.55 MM
October 8 2012 Initiates the Phase I D-F trials for Kevetrin
2013
Q1 2013 Market Cap 165.52 MM
June 3 2013 Presented poster ASCO Kevetrin
June 17 2013 Stability test for Purisol tablets
September 15 2013 Aquires Polymedix
October 2 2013 IND new Psoriasis drug Prurisol
2014
February 24 2014 Brilacidin ophthalmic and otitis formulations started
February 25 2014 First patients 2b ABSSI enrolled
March 19 2014 Seventh cohort for Kevetrin initiated
March 24 2014 Initiates clinical trials for Prurisol
Q1 2014 Market Cap 173.64
May 5 2014 Prurisol completes first cohort
June 16 2014 Eight cohort entering for Kevetrin
July 18 2014 Breakthrough formulation for Brilacidin
Aug 07 2014 Prurisol primary end point met
Sept 19 2014 IND filed Brilacidin OM
Oct 23 2014 IND Brilacidin OM becomes effective
Oct 31 2014 Positive Top Line data regarding Brilicidin phII b
December 10 2014 Brilacidin QIPD designation
December 22 2014 Psoriasis FDA aproves initiation phII
Q1 2015 Market Cap 400 +
Jan 05 2015 Brilacidin confidence intervals revealed
Jan 20 2015 Kevetrin 10th cohort commenced 450mg/m2
Jan 26 2015 Meeting lawyers for Nasdaq listing. New pre-IND for gastrointestinal decease. FDA meeting requested
CTIX upcoming events within weeks
1) Much awaited P21 data reported through 10th cohort.
2) 10th cohort completion and launch of super potent 11th (likely MTD).
3) Add'l Brilacidin data compiled and submitted to FDA.
4) Phase 3 B-ABSSSI meeting and trial approval.
5) Fast Track/Priority Review/5 Yr exclus. approval stemming from meeting.
6) Nasdaq Capital Market Uplisting approval and transition.
7) Stellar and reputable BOD announcements
8) B-OM trial UP and RUNNING!!!
9) Ulcerative Proctitis pre-IND FDA meeting
10) Prurisol Phase 2 Trial Commencement (unclear, but quite possible).
11) Coverage initiation (strong buy) by one or more institutional research analysts.
12) And controversially, but biggest of all, some sort of BIG PHARMA partnership deal for Brilacidin post FDA Meeting.
This is an interesting thread, nobody is posting, but my boardmarks keep increasing..lol I just use this to scan the above charts at a glance anymore....
Joined you at .66 <g>. Board is pretty quite.
Eating well from what I heard
yes, the question is what has NITE been up to here the last couple days.
ALTH making a nice move here the last 2 days.
ASTM ....Bottom???
MTON made a move north today. will it continue? Williams made a nice sharp move up.
ALTH has been riding that lower bollie for a while here. Short term bottom in??
looks like DTII is finally ready to make a move up here. Nice volume today.
TERN - Adelphia Deploys Terayon's DOCSIS 2.0 Cable Modem Termination System to Enable New High-Speed Broadband Services
/FROM PR NEWSWIRE SAN FRANCISCO 415-543-7800/
TO BUSINESS AND TECHNOLOGY EDITORS:
Adelphia Deploys Terayon's DOCSIS 2.0 Cable Modem Termination System to Enable
New High-Speed Broadband Services
Nation's Fifth Largest Cable Television Operator Offers Its Power Link and
Power Link Premier Services Nationwide Using Terayon's DOCSIS 2.0 CMTSs and
Cable Modems
SANTA CLARA, Calif., April 12 /PRNewswire-FirstCall/ -- Terayon
Communication Systems, Inc. (Nasdaq: TERN), a leading provider of broadband
access, delivery and management solutions, today announced that Adelphia
Communications, Inc. (OTC: ADELQ), the fifth largest cable television operator
in the U.S. has so far deployed more than 200 Terayon BW DOCSIS(TM) 2.0 CMTSs
(Cable Modem Termination System), providing its Power Link and Power Link
Premier services with added bandwidth for faster upload and download speeds,
and improving performance for subscribers who frequently trade multimedia
files such as digital photos, music and video, play online games and use
peer-to-peer file sharing applications. Terayon was selected as one of
Adelphia's primary CMTS suppliers last year.
"The complete Terayon DOCSIS 2.0 solution allows us to stay ahead of our
broadband competition by optimizing bandwidth and maximizing our existing
infrastructure to offer higher speeds with greater reliability," said Marwan
Fawaz, chief technology officer, Adelphia. "DOCSIS 2.0 has enabled us to
increase our broadband speeds today, and it is ideal for future offerings."
"Terayon has led the cable industry with the first and only complete
DOCSIS 2.0 cable data system, allowing operators like Adelphia to
cost-effectively introduce the next wave of exciting broadband services," said
Zaki Rakib, CEO of Terayon. "Our success helping Adelphia and other customers
migrate to DOCSIS 2.0 during the past year gives us unrivaled operational
experience into what is required for a smooth transition. We have used this
real-world experience to further develop and refine our CMTS to make it the
most robust and deployment-ready DOCSIS 2.0 CMTS on the market."
Adelphia is accelerating deployments of the Terayon DOCSIS 2.0 end-to-end
solution in several of its markets nationwide.
Adelphia selected Terayon as one of its primary CMTS vendors after a
successful and comprehensive trial in its Los Angeles network. The trial
tested Terayon's BW 3500 DOCSIS 2.0 qualified CMTS and TJ 715x DOCSIS 2.0
certified cable modems in an end-to-end system configuration. The results
validated the advantages of DOCSIS 2.0, including its improved upstream
performance and reliability when delivering high-speed, high-bandwidth
service.
About Terayon's end-to-end DOCSIS 2.0 System
Terayon offers the only complete, end-to-end cable data system that meets
the DOCSIS 2.0 specification. The system is comprised of the TJ 715x cable
modem and the BW 3500 or BW 3200 model CMTS.
The TJ 715x is the latest of Terayon's DOCSIS 2.0 cable modems, more than
1.5 million of which have been deployed by operators worldwide, including the
top five U.S. operators.
Complementing the TJ 715x is the BW 3500 CMTS, the industry's first and
only CMTS qualified to meet the DOCSIS 2.0 and PacketCable(TM) specifications.
The BW 3500 is a scalable, carrier-class CMTS for operators' most demanding
broadband voice and data applications for residential subscribers and for
business customers. Deployed in a cable operator's headend -- the central
point of a cable network -- the BW 3500 manages DOCSIS cable modems deployed
by the operator's subscribers, forming an end-to-end system for delivering
broadband services. Terayon also offers the compact BW 3200 CMTS, which is
suited for smaller cable systems or large segmented systems.
About Adelphia
Adelphia Communications Corporation is the fifth-largest cable television
company in the country. It serves customers in 30 states and Puerto Rico, and
offers analog and digital video services, high-speed Internet access and other
advanced services over Adelphia's broadband networks.
About Terayon
Terayon Communication Systems, Inc. provides access and delivery
management platforms for broadband providers, cable companies, satellite
operators and broadcasters for the delivery of advanced, carrier-class voice,
data and video services. Terayon, headquartered in Santa Clara, California,
has sales and support offices worldwide, and is traded on the Nasdaq under the
symbol TERN. Terayon can be found on the web at www.terayon.com.
"Safe Harbor" Statements under the Private Securities Litigation Reform
Act of 1995:
Except for the historical information contained herein, this news release
contains forward-looking statements, estimates and assumptions by Terayon and
other parties that involve risks and uncertainties, including Terayon's
ability to gain new business; Terayon's ability to develop new,
technologically advanced products; the performance capabilities of the TJ 715x
cable modem, the BW 3500 CMTS and the BW 3200 CMTS; the reliability and
capabilities of DOCSIS 2.0; the acceptance of Terayon's new products in the
market; the sales of Terayon's new products; the expansion of operations by
Terayon's customers and the deployment of Terayon's products in specific
markets; as well as the other risks detailed from time to time in Terayon's
filings with the Securities and Exchange Commission.
NOTE: Terayon and the Terayon logo are registered trademarks of Terayon
Communication Systems, Inc. All other trademarks are property of their
respective owners.
SOURCE Terayon Communication Systems, Inc.
/CONTACT: Press, John Giddings, Terayon PR Manager, +1-408-486-5223, or
john.giddings@terayon.com; or James Hannon of AtomicPR, +1-415-703-9454,
orjames@atomicpr.com; or Investors, Kristin Stokan, Terayon Director,
Finance,+1-408-486-5206, or kristin.stokan@terayon.com /
/Web site: http://www.terayon.com /
Apr-12-2004 11:30 GMT
Symbols:
DE;TYN US;ADELQ US;TERN
Source PRN PR Newswire
Categories:
NWI/CPR NWI/NET NWI/TLS NWR/CA NWS/LIC MST/I/CMT MST/I/CPM MST/I/TEL
MST/I/TLQ MST/L/EN MST/MST/I/CMT MST/MST/I/CPM MST/MST/I/TEL MST/MST/L/EN
MST/MST/S/CTR MST/R/US/CA MST/S/CTR TGT/PRN
Yikes...I ment to post on BB's board when I replyed to cab600. So I added this to my favorites but will remove it since it seems to take forever to go through all those charts as they load ( they mean nothing to me...sorry)...Is there any way to just get to the messages???
Thanks,
Tom
cab...I have had my own health insurance agency for over 30 years but I don't discuss it here. I never did consider myself the typical insurance agent....who can't even stop to pump gas without jamming the guy across from him and giving him a card. If I had to do that for a living, I would rather work at the gas station. I learned years ago I could clear the room at a party by mentioning the word "insurance"....I learned early...LEAVE YOUR FRIENDS ALONE....IF they are interested, let them ask you.
I will not say THAT word again.....
Good luck,
Tom
You might want to look into joining NASE (membership is included when you sign up for health insurance): http://www.nase.org/
Right now it cost around 800.00 a month for my family of 4 thru my work. One of the perks of my job is my employer pick's up the whole tab and we have Blue Cross also. So you can see that this is one of the things that I have to consider before I say good buy to my job.
I get my health insurance from Blue Cross through the bank.
It very costly... around 280.00 for me and 300.00 for my wife a month. Both me and my wife own our own business for the last 30 years.
BTW I am 55 years old... LOL
OT:I am going to bounce this question publicly over a couple of other boards, Health insurance,when you are a pro trader what are your means for insurance, is there a group ins for traders, do you have a spouse that works and you use their insurance or do you just purchase your own? Just trying to get all my ducks in a row before I go full time with this amazing new career.
ANCC making a move here today...
AAC - Ableauctions.com Announces National Auctioneers Association to Unveil Powerful
New Internet
Auction Broadcast Platform
Business Editors
OVERLAND PARK, Kan.--(BUSINESS WIRE)--April 8, 2004--The National
Auctioneers Association (NAA) announced today that it will unveil one
of the most powerful Internet auction broadcast platforms in the
industry to better serve its 7,000 members.
The platform, to be released in three stages commencing April 7,
2004, is to provide NAA members with a powerful, effective and
economical online solution for broadcasting auctions over the Internet
under the URL "naalive.com." The endorsement of technology comes as a
natural progression in the evolution of the industry and is driven by
input from auctioneers.
The launch of the platform is to be followed by courses and
seminars on using the technology, the distribution of a publication
titled "My First Auction! A Beginners Guide to Broadcasting Auctions,"
and offers for discounted peripherals such as cameras, utilities and
software to enhance the online experience. The NAA also intends on
providing a feedback channel to its members for the successive upgrade
of the technology and ensuring its ease of use. At the core of the
platform is the underlying objective to empower members with cutting
edge technology, backed by the experience garnered from running
thousands of auctions, to realize the full potential of the online
auction process.
The NAA represents approximately 7,000 auctioneers worldwide with
members in every U.S. state and covering the multi-billion dollar real
estate, automotive, fine art, cattle, equipment and manufacturing
segments.
The platform is only available to members of the association and
is helping many to bring their auctions online for the first time, at
very affordable fees. At $ 125 to sign up and 1.5% commission on all
items sold to the Internet, the technology is designed to be operated
remotely with auction houses having an option to get on-site support
and a host of other services for an additional fee.
The National Auctioneers Association is the largest organization
of its kind dedicated to promoting the auction method of marketing and
enhancing the professionalism of its members. Member benefits range
from federal legislative representation to comprehensive continuing
education programs, including coursework to earn the following
professional auctioneer designations: Certified Auctioneers Institute
(CAI), Accredited Auctioneer, Real Estate (AARE), Graduate, Personal
Property Appraiser (GPPA) and Certified Estate Specialist (CES). The
organization was founded in 1949 and is headquartered in Overland
Park, Kan. For more information on the NAA and its programs, log on to
www.auctioneers.org.
--30--APG/se*
CONTACT: NAA
Larry Theurer, 620-326-7315
ltheurer@theurer.net
KEYWORD: KANSAS
INDUSTRY KEYWORD: RETAIL E-COMMERCE INTERNET PRODUCT
SOURCE: Ableauctions.com Inc.
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Apr-08-2004 13:30 GMT
Symbols:
DE;AA7 DE;AA7F US;AAC
Source BW Business Wire
Categories:
MST/I/NET MST/I/RTB MST/I/SVC MST/L/EN MST/R/US/KS MST/S/PDT TGT/BWN
got a "halt" notice on DFIB...... from the earnings news?? wtf?
DFIB - Cardiac Science Announces Preliminary First Quarter Revenue Results
/FROM PR NEWSWIRE LOS ANGELES 213-626-5500/
TO BUSINESS EDITOR:
Cardiac Science Announces Preliminary First Quarter Revenue Results
IRVINE, Calif., April 8 /PRNewswire-FirstCall/ -- Cardiac Science, Inc.
(Nasdaq: DFIB) a leading manufacturer of life-saving automated public-access
defibrillators (AEDs) and provider of comprehensive AED/CPR training services,
today announced that revenue for its first quarter ended March 31, 2004 is
expected to range between $15.6 and $15.9 million, representing growth of
11-13 percent over the comparable period last year.
Cardiac Science Chairman and CEO Raymond W. Cohen said, "The lower than
expected revenue growth was primarily due to softer demand in the municipal
segment of the domestic AED business combined with longer-than-expected
selling cycles for larger customers. The Company's overall growth prospects
are undiminished and we are very optimistic about the second quarter's revenue
growth given the number of prospects in our direct sales channel pipeline, and
based on the introduction of our two new AED products which will begin
shipping to customers this quarter. We believe that other than the municipal
sector, most segments of the AED market, including the markets we anticipate
will drive future revenue growth (i.e., the corporate and government workplace
markets), are growing at a healthy pace and we expect to return to revenue
growth similar to prior quarters. In short, we do not believe that the first
quarter's results are indicative of the Company's ability to grow revenue and
improve gross margins in future periods."
With respect to operating expenses and profitability, Cohen said,
"Although the Company intends to increase its marketing expenditures, we have
implemented certain cost reductions aimed at lowering our breakeven point. We
estimate that our EBIT breakeven level will be reduced from $20 million in
quarterly revenue to $18 million by the third quarter of 2004."
The Company will provide additional details and financial guidance on a
quarterly conference call and webcast following the report of Cardiac
Science's full first quarter 2004 results later this month.
About Cardiac Science
Cardiac Science develops, manufactures and markets Powerheart(R)-brand
public-access defibrillators (AEDs) and offers comprehensive AED/CPR training
and AED program management services that facilitate successful deployments.
The Company also makes the Powerheart(R) CRM(TM), the only FDA-cleared
therapeutic patient monitor that instantly and automatically treats
hospitalized cardiac patients who suffer life-threatening heart rhythms.
Cardiac Science also manufactures its AED products on a private label basis
for other leading medical companies. For more information, please visit
www.cardiacscience.com, email Cardiac Science at info@cardiacscience.com or
call 1 949 797 3800.
This news release contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. In addition, from
time to time the company, or its representatives, have made or may make
forward looking statements orally or in writing. The words "estimate",
"potential", "intended", "expect", "anticipate", "believe", and similar
expressions or words are intended to identify forward looking statements.
Such forward-looking statements include, but are not limited to the
achievement of future revenue growth and operating profitability. Cardiac
Science cautions that these statements are subject to substantial risks and
uncertainties and are qualified by important factors that could cause actual
results to differ materially from those reflected by the forward-looking
statements and should not be relied upon by investors when making an
investment decision. Information on these and other factors is detailed in the
Company's Form 10-K for the year ending December 31, 2003, subsequent
quarterly filings, and other documents filed by the Company with the
Securities and Exchange Commission.
For further information, please contact: Investors, Matt Clawson,
matt@allencaron.com, or Media, Len Hall, len@allencaron.com, of Allen & Caron,
Inc., +1-949-474-4300, for Cardiac Science, Inc.; Roderick de Greef, Chief
Financial Officer of Cardiac Science, Inc., +1-949-797-3800.
SOURCE Cardiac Science, Inc.
/CONTACT: Investors, Matt Clawson, matt@allencaron.com, or Media, Len
Hall, len@allencaron.com, of Allen & Caron, Inc., +1-949-474-4300, for
CardiacScience, Inc.; Roderick de Greef, Chief Financial Officer of Cardiac
Science,Inc., +1-949-797-3800/
/Web site: http://www.cardiacscience.com /
Apr-08-2004 13:00 GMT
Symbols:
US;DFIB
Source PRN PR Newswire
Categories:
NWI/HEA NWI/MTC NWR/CA NWS/ERP MST/I/DRG MST/I/HEA MST/I/MDV MST/L/EN
MST/MST/I/DRG MST/MST/I/HEA MST/MST/L/EN MST/MST/S/ERP MST/R/US/CA MST/S/ERP
TGT/PRN
ENTU - NCSP Corporate Governance Task Force to Unveil Management Framework to Secure Critical Infrastructure Across Industry Sectors
/FROM PR NEWSWIRE DALLAS 888-776-3971/
-- NEWS ADVISORY -- TO BUSINESS AND TECHNOLOGY EDITORS:
NCSP Corporate Governance Task Force to Unveil Management Framework
to Secure Critical Infrastructure Across Industry Sectors
CEO Task Force Chairs to Discuss the Essential Role of
Information Security Governance and Need for Widespread Adoption by Executive
Management
WHAT: The National Cyber Security Partnership (NCSP) Corporate
Governance Task Force will hold a press roundtable to unveil
its anticipated report: "Information Security Governance: A
Call to Action". The initial report was developed through
an unprecedented level of consensus via a public-private
partnership that included member experts from government,
industry and academia, and was led by CEO co-chairs Bill
Conner of Entrust, Inc., (Nasdaq: ENTU) and Art Coviello of
RSA Security Inc. (Nasdaq: RSAS). Amit Yoran, Director of
the National Cyber Security Division of the U.S. Department
of Homeland Security, will also be on hand to acknowledge
the work of the Information Security Governance (ISG)
framework produced by the Task Force as well as other recent
task force efforts.
The report outlines recommendations for protecting the
nation's critical infrastructure by identifying cyber
security roles and responsibilities within executive
management structures, establishing risk management and
quality assurance benchmarks, and outlining best practices
and industry metrics. Additionally, the ISG framework
provides tool sets to bring accountability to three key
elements of corporate governance programs and information
security systems: people, process and technology.
WHO: Amit Yoran, U.S. Department of Homeland Security
Bill Conner, Chairman, CEO and President, Entrust, Inc.
(www.entrust.com )
Art Coviello, CEO and President, RSA Security Inc.
(www.rsasecurity.com )
WHEN: 12:00 noon EDT, Monday, April 12, 2004 (lunch will be
served)
WHERE: The National Press Club, Murrow Room
529 14th Street, NW, Washington, DC
Via Teleconference Dial-in: 1-888-793-1753
BACKGROUND: Information security, often viewed as a set of technical
issues, is in fact a governance and business challenge that
involves risk management, reporting and accountability
requiring the active engagement of executive management.
The Task Force report provides an initial framework and set
of guidelines to help executives and organizations assess
their performance and establish an ISG program.
The NCSP Task Force was formed in December 2003 as part of
the National Cyber Security Summit to develop and promote a
coherent governance framework to drive implementation of
effective information security programs in the private
sector across all industries, organizations and educational
institutions. TechNet served as the secretariat of the Task
Force, which was chaired by Bill Conner of Entrust, Inc. and
Art Coviello of RSA Security Inc.
About NCSP
The National Cyber Security Partnership (NCSP) is led by the Business
Software Alliance (BSA), the Information Technology Association of America
(ITAA), TechNet and the U.S. Chamber of Commerce in voluntary partnership with
academics, CEOs, federal government agencies, and industry experts. Following
the release of the 2003 White House National Strategy to Secure Cyberspace and
the National Cyber Security Summit, the public-private partnership was
established to develop shared strategies and programs to better secure and
enhance America's critical information infrastructure. The task forces will
be releasing separate work products beginning in March 2004 and ending in
April 2004. For more information, please visit www.cyberpartnership.org .
CONTACT: Doug McGinn, +1-202-715-1558, or doug.mcginn@dittus.com , for
Entrust, Inc.; or Amy Barney, +1-408-727-0351, or amyb@mcgrathpower.com , for
RSA Security Inc.; or Kate Kerkstra, +1-415-365-0458, or
kate.kerkstra@bitepr.com , for TechNet.
SOURCE Entrust, Inc.; RSA Security Inc.P
/PRNewswire -- April 8/
/Web site: http://www.entrust.com
http://www.cyberpartnership.org" target="_new">http://www.rsasecurity.comhttp://www.cyberpartnership.org /
Apr-08-2004 12:01 GMT
Symbols:
US;ENTU US;RSAS
Source PRN PR Newswire
Categories:
NWI/CPR NWI/HTS NWI/MLM NWR/DC NWR/MA NWR/TX NWS/MAV NWS/SVY
MST/I/CPM MST/I/NET MST/I/SOF MST/I/SVC MST/L/EN MST/MST/I/CPM MST/MST/I/NET
MST/MST/I/SOF MST/MST/I/SVC MST/MST/L/EN MST/R/US/DC MST/R/US/MA MST/R/US/TX
TGT/PRN
IMNY - I-Many Enhances Enterprise Contract Management Pricing Optimization Capabilities
with Acquisition of Pricing
Analytics, Inc.
Business Editors
EDISON, N.J.--(BUSINESS WIRE)--April 8, 2004--
Pricing Optimization and Contract Modeling by Customer Type and
Market Segment Adds Value to I-many Solution Suites
I-many, Inc. (NASDAQ: IMNY), the leader in enterprise contract
management solutions, announced today that it has acquired Pricing
Analytics, Inc., a San Mateo, California-based pricing optimization
software company, for an aggregate purchase price of approximately
$1.0 million and the assumption of approximately $45,000 in
liabilities. The purchase price will be paid in approximately equal
installments over the next four fiscal quarters. The first two
payments will be in cash and the second two may be in cash or common
stock at the company's election. Additional consideration may be paid
based on future performance. The transaction was structured as a
merger.
Pricing optimization, the process through which prices and
contract structures are determined based on analysis of market and
customer segmentation, prior customer/contract performance, cost,
market position, brand equity, price elasticity, product lifecycle
stage and competitive pressures, is a critical element of enterprise
contract management. The acquisition of Pricing Analytics further
enhances I-many's enterprise contract management offering by adding
robust pricing optimization capabilities to its Enterprise Contract
Management and Health and Life Science Price Management solution
suites. Specifically, Pricing Analytics' technology will enable I-many
customers to optimally structure and price contracts through the use
of: customer scoring models to understand how customers will respond
to discount stimuli; pricing guidelines to understand how discounts
should be allocated among specific customer types and market segments;
and contract strategy and pricing simulations to understand the impact
of contract structures.
According to AMR Research analyst Laura Preslan, "because pricing
is so undisciplined and unstructured, the initial benefits to price
management are huge: 200% to 350% Return on Investment (ROI) in 12
months and 2% to 7% margin increase. In 2002, McKinsey reported that
companies are seeing an average improvement of 8% in top line revenue
from investments for every 1% improvement in pricing." Source: The AMR
Research Alert, Price Management: Conventional Wisdom is Wrong,
February 2, 2004.
"The ability to optimize prices and model contracts by customer
type and market segment is critical for companies attempting to
maximize the value of their trading relationships and can not be
easily matched by other enterprise contract management solutions
providers," said Leigh Powell, president and chief executive officer
of I-many. "We have worked very closely with the Pricing Analytics
team for over a year now and have an in-depth understanding of how
their pricing optimization capabilities fit into the I-many Enterprise
Contract Management Foundation and enhance the value of I-many
enterprise contract management solutions for our customers."
"Many contracts utilize performance goal tiers and complex
discount types that can be leveraged through optimization algorithms
to create more effective contracts," said Mike Gordon, former
president of Pricing Analytics and now a member of I-many's product
management team. "I-many is the only enterprise contract management
solutions provider we found that truly understands the full nature of
this relationship and has integrated pricing optimization into its
solution footprint. Pricing Analytics' price optimization technologies
will further I-many's lead in the enterprise contract management arena
and give it an unparalleled value proposition."
"In the face of dynamic regulatory, pricing and competitive
pressures that pharmaceutical and medical supplies companies are
facing, leaders in the industry are focusing on contract and pricing
optimization to achieve speed to market, leverage discount investments
to grow market share, manage government pricing and contract
compliance and create efficiencies and cost savings that go right to
the bottom line," said Adam Fine, vice president and general manager
of I-many's Health and Life Science business. "We expect Pricing
Analytics' pricing optimization capabilities will significantly
enhance the value of the I-many Health and Life Science Price
Management Suite and increase contract profitability for our
customers."
About I-many
I-many (NASDAQ: IMNY) is the leading provider of enterprise
contract management solutions. The company's solutions automate
contracting processes, ensure contract compliance and track contract
performance resulting in higher contract revenues and reduced
operating costs. More than 275 life science, consumer goods,
foodservice and manufacturing companies use I-many solutions. For more
information, visit the company at http://www.imany.com.
This press release may contain forward-looking statements relating
to the future performance of I-many, Inc. Forward-looking statements,
specifically those concerning future performance, are subject to
certain risks and uncertainties, and actual results may differ
materially from expectations. These risks and uncertainties include
the uncertainty associated with the integration of acquired businesses
and the adoption by companies outside the healthcare field of I-many's
solutions. Other risks are described in I-many's filings with the
Securities and Exchange Commission, available at www.sec.gov.
All trademarks are the property of their respective owners.
--30--NF/ny*
CONTACT: I-many, Inc.
Kevin Harris, 732-516-2690
kharris@imany.com
KEYWORD: NEW JERSEY CALIFORNIA
INDUSTRY KEYWORD: MEDICAL SOFTWARE E-COMMERCE INTERNET
CONSUMER/HOUSEHOLD MERGERS/ACQ
SOURCE: I-many, Inc.
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Apr-08-2004 12:30 GMT
Symbols:
US;IMNY
Source BW Business Wire
Categories:
MST/I/HOU MST/I/ISS MST/I/MTC MST/I/NET MST/I/SOF MST/L/EN
MST/R/US/CA MST/R/US/NJ MST/S/MRG TGT/BWN
MTON - Metro One Telecommunications to Host Webcast on 2004 First Quarter Results
Business Editors/High-Tech Writers
PORTLAND, Ore.--(BUSINESS WIRE)--April 8, 2004--Metro One
Telecommunications, Inc. (Nasdaq:MTON) will host a webcast to announce
its fiscal 2004 first quarter financial results.
-0-
*T
When: Friday, April 23, 2004
10:00 AM Pacific Time (1:00 PM ET)
Who: Tim Timmins, President and Chief Executive Officer, Dale
Wahl, Chief Financial Officer, and Duane Fromhart, V.P.,
Finance
What: Metro One Telecommunications, Inc. (Nasdaq:MTON) will
host a webcast to announce fiscal 2004 first quarter
results.
How: Visit the Webcast link at www.metro1.com or
www.companyboardroom.com to listen to the live broadcast
on the day of the event.
*T
--30--NJ/sf*
CONTACT: Metro One Telecommunications, Inc.
Dale Wahl, 503-643-9500
or
Financial Dynamics
Jim Byers, 415-439-4504 (Investors)
KEYWORD: OREGON
INDUSTRY KEYWORD: TELECOMMUNICATIONS ADVISORY CONFERENCE CALLS
SOURCE: Metro One Telecommunications, Inc.
Customize your Business Wire news & multimedia to match your needs.
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Apr-08-2004 10:30 GMT
Symbols:
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Source BW Business Wire
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OPTK - Optika Inc. Announces 29 Percent Year-Over-Year Revenue Growth for Q1 2004
/FROM PR NEWSWIRE SAN FRANCISCO 415-543-7800/
TO BUSINESS AND TECHNOLOGY EDITORS:
Optika Inc. Announces 29 Percent Year-Over-Year Revenue Growth for Q1 2004
License Revenue Increases 52 Percent Over Q1 2003; Strong ECM Market Momentum
Drives Expanded Customer and Reseller Base
COLORADO SPRINGS, Colo., April 7 /PRNewswire-FirstCall/ -- Optika(R) Inc.
(Nasdaq: OPTK), a leading Enterprise Content Management (ECM) provider of
imaging, workflow, collaboration and records management software, today
reported financial results for its first quarter of fiscal 2004, ended
March 31, 2004.
Revenue for the first quarter was $5.6 million, an increase of 29 percent
from the $4.3 million reported in the first quarter of 2003, and up 1 percent
from the $5.6 million reported in the fourth quarter of 2003.
Net loss for the first quarter was $79,000, or a basic net loss of
$0.01 per share. This compares with a net loss of $558,000, or a basic
net loss of $0.07 per share in first quarter of 2003, and net income of
$279,000, or basic net income of $0.03 per share in the fourth quarter of
2003. First quarter 2004 net loss includes charges of $417,000 associated with
the proposed merger with Stellent Inc. Excluding these merger-related
charges, first quarter non-GAAP net income was $338,000, or basic net income
of $0.04 per share. The company generated approximately $350,000 of cash
during the first quarter of 2004.
"Our license revenue growth of 52 percent year-over-year is a testament to
our focus on delivering solutions that tightly integrate with leading ERP
systems," said Mark K. Ruport, president, CEO and chairman of Optika. "Our
commitment to increasing sales coverage and providing high-quality software
products that deliver measurable ROI, combined with the rising momentum of the
enterprise content management market, places Optika in a unique position to
take advantage of the growth opportunities in front of us."
In the first quarter of 2004, many new and existing customers purchased
Acorde(TM) software, including Ingenix, Inc., Granite Construction
Incorporated, Verizon Wireless, Badger Mutual Insurance, City of Seattle, and
Louisville Gas & Electric. In addition, a number of Optika customers purchased
Acorde Records Management(TM), including Entergy-Koch and Southern LINC.
Optika also continued to grow its reseller program, and added several
new Advantage Partners in the first quarter, including Aston Business
Solutions (Ann Arbor, Mich.), ePartners, Inc. (Dallas), American MicroImaging
(Los Angeles), Idea Integration (Jacksonville, Fla.), Imaging Solutions
Company (Wichita, Kan.), and DigiTec Companies (Houston). These partners
contribute to the strategic focus of Optika in leveraging financial systems.
For example, Aston Business Solutions is the Microsoft Global Partner of The
Year for 2003. Idea Integration is a Microsoft Certified Partner, a PeopleSoft
Consulting Partner, an Oracle Certified Partner, a SAP Services Partner, and
an expert in Geographic Information Systems (GIS).
Merger Agreement with Stellent Inc.
On Jan. 12, 2004 the company announced it entered into a definitive merger
agreement with Stellent, Inc. (Nasdaq: STEL). As previously announced, the
transaction is expected to close in the second quarter.
"Awareness of Optika and our solutions in the marketplace has increased
after the announced proposed merger with Stellent, resulting in greater demand
for Optika's products with existing and potential customers in the first
quarter," said Mr. Ruport. "We expect the combined company will realize
revenue and expense synergies, delivering accelerated growth and
profitability, which we believe will result in increased shareholder value."
Optika Outlook
"Over the last year we have increased our license revenue while
also generating a substantial amount of cash from operations," said
Steven M. Johnson, chief financial officer of Optika. "We have created a solid
foundation for our business, and we expect to continue to grow revenue and
maintain profitability in the second quarter."
Conference Call
Optika management will hold a conference call to discuss the company's
first quarter financial results on April 8 at 9:00 a.m. Eastern Time. To
access the conference call, dial 973-582-2767 by 8:50 a.m. Eastern Time. A
replay of the conference call will be available until April 22. To access the
recording, dial 973-341-3080, passcode: 4651054. A live webcast of the
conference call will also be available via the investor relations section of
the company's Web site at www.optika.com.
About Optika
Headquartered in Colorado Springs, Colo., Optika Inc. is a leading
provider of imaging, workflow, collaboration and records management software.
Optika's Acorde(TM) family of Enterprise Content Management (ECM) solutions
allows companies to streamline their business processes, eliminate paper and
increase operational efficiencies. The company's more than 2,000 customers
worldwide include The Home Depot, Merrill Lynch, Georgia-Pacific, Bayer
Corporation, Turner Broadcasting Systems, Airborne Express, and SBC
Communications. For more information about Optika and the Acorde product
family, contact the company at 719-548-9800 or visit www.optika.com.
NON-GAAP FINANCIAL MEASUREMENTS
The non-GAAP net income and basic net income per share amounts supplement
the corresponding financial measurement computed in accordance with generally
accepted accounting principles (GAAP) and excludes merger related costs. The
Company has provided this non-GAAP financial measure to assist investors to
better understand the Company's core operating performance and to enhance
comparisons of its core operating performance with historical periods and the
operating performance of its competitors. Items excluded from non-GAAP
financial measurements are also excluded by management in its evaluation of
the core operating performance of the Company and in its evaluation of trends
between fiscal periods. In addition, the Company prepares and maintains all
budgets and forecasts of future periods on a basis consistent with this
non-GAAP financial measurement. Investors should consider non-GAAP measures in
addition to, and not as a substitute for, or as superior to, measures of
financial performance prepared in accordance with GAAP.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements that are subject
to risks, uncertainties and other factors that could be deemed forward-looking
statements and could cause actual results to differ materially from those
referred to in the forward-looking statements. All statements other
than statements of historical fact are statements that could be deemed
forward-looking statements. For example, statements of expected synergies,
industry ranking, timing of closing, market or customer needs, organizational
structure and execution of integration plans are all forward-looking
statements. Risks, uncertainties and assumptions include the possibility that
the Stellent/Optika merger does not close or that the companies may be
required to modify aspects of the transaction to achieve regulatory approval
or that prior to the closing of the proposed merger, the businesses of the
companies suffer due to uncertainty; the market for the sale of certain
products and services may not develop as expected; that development of these
products and services may not proceed as planned; that Optika and Stellent are
unable to transition customers, successfully execute their integration
strategies, or achieve planned synergies; lack of market acceptance of the
Stellent and Optika suite of products, failure of the market for enterprise
content management software to develop and grow as quickly as expected; delays
and difficulties in introducing new products and enhancements to address the
needs of specific vertical markets; the introduction of new products or
services by competitors that could delay or reduce sales; the failure of
reseller and OEM programs to develop as expected; the impact of world and
geopolitical events on sales cycles and transaction closure rates; and actual
or perceived declining economic conditions that could negatively affect sales
and profits; other risks that are described from time to time in Stellent and
Optika's Securities and Exchange Commission reports. If any of these risks or
uncertainties materializes or any of these assumptions proves incorrect,
Stellent and Optika's results could differ materially from either company's
expectations in these statements. All forward-looking statements in this press
release are made as of the date hereof, based on information available to
Optika as of the date hereof, and Optika assumes no obligation to update or
revise any of its forward-looking statements even if experience or future
changes show that the indicated results or events will not be realized.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the proposed merger, Stellent (Nasdaq: STEL)and Optika
have filed a joint proxy statement/prospectus with the Securities and Exchange
Commission. INVESTORS AND SECURITY HOLDERS OF STELLENT AND OPTIKA ARE URGED
TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT MATERIALS
BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT STELLENT, OPTIKA AND THE
PROPOSED MERGER. Investors and security holders may obtain without charge
copies of the joint proxy statement/prospectus and other relevant materials,
and any other documents filed by Stellent or Optika with the Securities and
Exchange Commission at the SEC's web site at http://www.sec.gov . A free copy
of the joint proxy statement/prospectus and other relevant materials, and any
other documents filed by Stellent or Optika with the SEC, may also be obtained
from Stellent and Optika. In addition, investors and security holders may
access copies of the documents filed with the SEC by Stellent on Stellent's
website at www.Stellent.com. Investors and security holders may obtain copies
of the documents filed with the SEC by Optika on Optika's website at
www.Optika.com.
INFORMATION CONCERNING PARTICIPANTS
Each of Stellent and Optika and their respective officers and directors
may be deemed to be participants in the solicitation of proxies from their
respective stockholders in favor of the transaction. Information about the
directors and executive officers of Stellent may be found in Stellent's
definitive proxy statement for its 2003 annual meeting of shareholders
and in Stellent's annual report on Form 10-K for the fiscal year ended
March 31, 2003. Information about the directors and officers of Optika may be
found in Optika's definitive proxy statement for its 2003 annual meeting of
stockholders and in Optika's annual report on Form 10-K for the fiscal year
ended December 31, 2003. In addition, information regarding the interests of
Optika's officers and directors in the transaction are included in the joint
proxy statement/prospectus.
Optika Inc.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except per share amounts)
Quarter Ended
March 31, March 31,
2004 2003
Revenues:
Licenses $1,873 $1,231
Maintenance and other 3,749 3,115
Total revenues 5,622 4,346
Cost of revenues:
Licenses 170 180
Maintenance and other 1,047 925
Total cost of revenues 1,217 1,105
Gross profit 4,405 3,241
Operating expenses:
Sales and marketing 2,384 2,227
Research and development 1,164 1,191
General and administrative 570 399
Merger expenses 417 --
Total operating expenses 4,535 3,817
Loss from operations (130) (576)
Other income 51 18
Loss before income taxes (79) (558)
Income taxes -- --
Net loss $(79) $(558)
Basic and diluted loss per common
share $(0.01) $(0.07)
Weighted average number of common
shares outstanding 9,370 8,351
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands)
March 31, December 31,
Assets 2004 2003
Current assets:
Cash and cash equivalents $4,283 $3,929
Restricted cash and cash
equivalents 100 100
Short-term investments 5,153 5,153
Accounts receivable, net 4,475 4,696
Other current assets 462 523
Total current assets 14,473 14,401
Property and equipment, net 678 683
Intangible assets, net 559 584
Goodwill 1,166 1,166
Other assets 126 221
$17,002 $17,055
Liabilities and stockholders' equity
Current liabilities:
Accounts payable and accrued
expenses $2,288 $2,763
Deferred revenues 6,703 6,358
Total current liabilities 8,991 9,121
Total stockholders' equity 8,011 7,934
$17,002 $17,055
SOURCE Optika Inc.
/CONTACT: Jim Fanucchi of Summit IR Group Inc., +1-408-404-5400, or
jim@summitirgroup.com, for Optika Inc.; or Betty Wiggins of Optika
Inc.,+1-719-260-4388, or investorrelations@optika.com/
/Web site: http://www.optika.com /
Apr-07-2004 20:02 GMT
Symbols:
US;OPTK US;STEL
Source PRN PR Newswire
Categories:
NWI/CPR NWI/STW NWR/CO NWS/CCA NWS/ERN NWS/TNM MST/I/CPM MST/I/ISS
MST/I/SOF MST/L/EN MST/MST/I/CPM MST/MST/I/SOF MST/MST/L/EN MST/MST/S/ERN
MST/MST/S/MRG MST/R/US/CO MST/S/ERN MST/S/MRG TGT/PRN
Art ....
suppose this will not suprise
but
I find it interesting, as I listened in on a discussion between a few of my trading friends ..... two of the three who have ceased daily market activity
starting in 1994, night moves *(USA night) there were roughly 6k points GAINED while the "normal market" *(USA day) experienced a 5k LOSS on listed Naz equities.
this revelation got my attention
a) short the open
b) cover the close
during the massive bullrun from 1994 to early 2000, this simple action would have garnered around a thousand points
bear market phase from early 2000 to late fall 2002 almost all of the decline was made during the regular day session
the two non active traders quit the market then ---late 2002 and they were mostly trading futes
now, this happened yesterday evening at a gathering where there was consumption of (horrors) certain fermented liquids ***(not by me, as I quit ten yrs ago) gggg
saw that you have a new thread, and I decided to post it here, as well as a couple of others
my online time has become limited this past year, and I've not checked the exact figures ===
ANCC on watch for unusual volume. Chart looks ready to turn up.
AVAN - AVANT Announces Complement Inhibition License With Adprotech
Business Editors/Health/Medical Writers/High-Tech Writers
BIOWIRE2K
NEEDHAM, Mass.--(BUSINESS WIRE)--April 7, 2004--AVANT
Immunotherapeutics, Inc. (Nasdaq: AVAN) today announced the signing of
a license agreement with Adprotech, Ltd for non-exclusive rights to
use certain components of AVANT's intellectual property surrounding
complement inhibition. The license will enable Adprotech to continue
further development and commercialization of its APT070 product, which
is currently in a clinical trial in rheumatoid arthritis. No rights to
either of AVANT's complement programs, TP10 and TP20, were transferred
under the license. All rights to these two products remain fully owned
worldwide by AVANT. Financial details of the agreement with Adprotech
were not disclosed, but include upfront license fees, milestone
payments and royalties of an undisclosed amount.
"We believe this agreement validates the strength of AVANT's
patent portfolio in the area of complement inhibitors," said Una S.
Ryan, Ph.D., AVANT President and Chief Executive Officer. "AVANT is
pleased to have monetized some value from this important asset without
limiting the opportunities for our own programs."
About Adprotech
Adprotech is a privately funded development stage
biopharmaceutical company near Cambridge, UK. The company applies its
understanding of the immune system and its unique drug targeting
capabilities to develop products which address serious illnesses
including rheumatoid arthritis, organ transplant rejection, bacterial
infection and stroke. Adprotech focuses on the development of protein
therapeutics for chronic diseases and surgical complications caused by
autoimmune and inflammatory processes. Core expertise in the
engineering of complement-regulatory proteins provides a platform for
new product development. Adprotech is developing a complement
inhibitor, APT070, which is currently in an early stage Phase I/II
clinical trial for the potential treatment of rheumatoid arthritis and
has several follow-on indications in preclinical development.
About AVANT
AVANT Immunotherapeutics, Inc. discovers, develops and sells
innovative vaccines and therapeutics that harness the human immune
system to prevent and treat disease. The company has developed a
broad, well- staged pipeline of vaccines and therapeutics for large,
high-value, under-served markets. Six of AVANT's products are in
clinical development. These include an oral human rotavirus vaccine, a
treatment to reduce complement-mediated tissue damage associated with
cardiac by-pass surgery, and a novel vaccine for cholesterol
management. AVANT has also assembled a technology platform that
enables the creation of rapid-protecting, single-dose, oral vaccines
that remain stable without refrigeration. The company is developing
applications of this vaccine technology in four areas: biodefense,
travelers' vaccines, global health needs, and human food safety.
AVANT's goal is to demonstrate proof-of-concept for its products
before leveraging further development through both traditional
pharmaceutical partnerships and collaborations with governmental and
other organizations.
Additional information on AVANT Immunotherapeutics, Inc. can be
obtained through our site on the World Wide Web:
http://www.avantimmune.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995: This release includes forward-looking statements
which reflect AVANT's current views with respect to future events and
financial performance. These forward-looking statements are based on
management's beliefs and assumptions and information currently
available. The words "believe", "expect", "anticipate", "intend",
"estimate", "project" and similar expressions which do not relate
solely to historical matters identify forward-looking statements.
Investors should be cautious in relying on forward-looking statements
because they are subject to a variety of risks, uncertainties, and
other factors that could cause actual results to differ materially
from those expressed in any such forward-looking statements. These
factors include, but are not limited to: (1) the integration of
multiple technologies and programs; (2) the ability to adapt AVANT's
vectoring systems to develop new, safe and effective orally
administered vaccines against anthrax and plague or other bioterrorism
threats or emerging health care threats; (3) the ability to
successfully complete development and commercialization of TP10,
CETi-1, CholeraGarde(TM) (Peru-15), Ty800 and other products; (4) the
cost, timing, scope and results of ongoing safety and efficacy trials
of TP10, CETi-1, CholeraGarde(TM) (Peru-15), Ty800 and other
preclinical and clinical testing; (5) the ability to successfully
complete product research and further development, including animal,
pre-clinical and clinical studies of TP10, CETi-1, CholeraGarde(TM)
(Peru-15), Ty800 and other products; (6) the ability of the Company to
manage multiple late stage clinical trials for a variety of product
candidates; (7) the volume and profitability of product sales of
Megan(R)Vac 1, Megan(R)Egg and other future products; (8) changes in
existing and potential relationships with corporate collaborators; (9)
the availability, cost, delivery and quality of clinical and
commercial grade materials supplied by contract manufacturers; (10)
the timing, cost and uncertainty of obtaining regulatory approvals to
use TP10, CETi-1, CholeraGarde(TM) (Peru-15) and Ty800, among other
purposes, for adults undergoing cardiac surgery, to raise serum HDL
cholesterol levels and to protect travelers and people in endemic
regions from diarrhea causing diseases, respectively; (11) the ability
to obtain substantial additional funding; (12) the ability to develop
and commercialize products before competitors; (13) the ability to
retain certain members of management; and (14) other factors detailed
from time to time in filings with the Securities and Exchange
Commission. We expressly disclaim any responsibility to update
forward-looking statements.
--30--TC/bo*
CONTACT: AVANT Immunotherapeutics, Inc.
President and CEO
Una S. Ryan, Ph.D., 781-433-0771
or
Chief Financial Officer
Avery W. Catlin, 781-433-0771
info@avantimmune.com
or
For Media:
Kureczka/Martin Associates
Joan Kureczka, 415-821-2413
jkureczka@aol.com
KEYWORD: MASSACHUSETTS INTERNATIONAL EUROPE
INDUSTRY KEYWORD: PHARMACEUTICAL MEDICAL BIOTECHNOLOGY MARKETING
AGREEMENTS
SOURCE: AVANT Immunotherapeutics, Inc.
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Apr-07-2004 12:00 GMT
Symbols:
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Source BW Business Wire
Categories:
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TGT/BWN
DFCT - DF China Technology Announces Sale of 5.2 Million Shares of Common Stock For US$2.1 Million Cash Subscription
/FROM PR NEWSWIRE NEW YORK 800-776-8090/
TO BUSINESS EDITOR:
DF China Technology Announces Sale of 5.2 Million Shares of Common Stock For
US$2.1 Million Cash Subscription
HONG KONG, April 7 /PRNewswire-FirstCall/ -- The board of directors of DF
China Technology, Inc. (Nasdaq: DFCT) announced that on April 5, 2004, the
company successfully negotiated a share subscription agreement with an
investment company, Squadram Limited. According to the agreement, Squadram
agreed to subscribe 5,200,000 shares (the "Subscription Shares") of common
stock of the company for cash of US$2,100,000.00. The Agreement was signed by
the company and Squadram on April 5, 2004. The transaction will close on April
21, 2004.
After the closing of the transaction, the shareholders' equity value of
DFCT will increase to US$2,554,797.38, which meets the US$2,500,000.00
stockholders' equity requirements of NASDAQ for continuous listing. Besides,
the board still plans ahead to acquire DiChain Software as approved at the
shareholders' meeting held on March 25, 2004.
Further to the company's announcement of March 29, 2004, the company has
submitted an appeal notice requesting for an oral hearing which is scheduled
to be held on April 22, 2004. The company presented future plans to Nasdaq
Panel for achieving and sustaining compliance with Marketplace Rule
4320(e)(2)(B).
CONTACT:
Aaron Zhu
Executive Director and Chief Financial Officer
DF China Technology Inc.
Tel: +852-2255-0688
SOURCE DF China Technology, Inc.
/CONTACT: Aaron Zhu, Executive Director and Chief Financial Officer of DF
China Technology Inc., +852-2255-0688 /
Apr-07-2004 11:01 GMT
Symbols:
US;DFCT
Source PRN PR Newswire
Categories:
NWI/PAP NWR/NY NWS/CON MST/I/PAP MST/L/EN MST/MST/I/PAP MST/MST/L/EN
MST/MST/R/CN MST/MST/S/CTR MST/R/CN MST/R/US/NY MST/S/CTR TGT/PRN
PROX - Proxim Corporation Announces First Quarter 2004 Preliminary Results
/FROM PR NEWSWIRE SAN FRANCISCO 415-543-7800/
TO BUSINESS AND TECHNOLOGY EDITORS:
Proxim Corporation Announces First Quarter 2004 Preliminary Results
SUNNYVALE, Calif., April 7 /PRNewswire-FirstCall/ -- Proxim Corporation
(Nasdaq: PROX), a global leader in wireless networking equipment for Wi-Fi and
wide area networks, announced today that it expects to report revenue for the
first fiscal quarter of 2004 of between $25 million and $27 million, compared
to the $37 million target previously provided in January 2004. Based on
revenue in this range, Proxim expects to report a non-GAAP or operating
pro-forma loss per share in the range of ($.06) to ($.04) for the first fiscal
quarter of 2004, which compares to the target range previously provided for
the quarter of ($.03) to ($.01).
Proxim also estimates that its first quarter order backlog will be
approximately $12.0 million, reflecting a late quarter increase in orders.
This compares to an order backlog of $6.3 million at the end of the fourth
quarter 2003. Cash, cash equivalents and restricted cash at the end of the
first quarter are expected to be approximately $16.6 million, compared to
$21.0 million at the end of the fourth quarter 2003.
Factors that contributed to the first quarter revenue shortfall and
greater than anticipated order backlog included the following:
-- Lower than expected carrier revenue during a traditionally challenging
first quarter. For Proxim, this first quarter seasonality was more
pronounced due to carrier consolidation and delayed deployments,
although order flow materialized late in the quarter, as evidenced by
Proxim's order backlog.
-- The first quarter impact of product transition from the Proxim ORiNOCO
AP-2000 wireless LAN access points to the next generation ORiNOCO
AP-4000 platform. A combination of initial AP-4000 product availability
issues and the challenges associated with transitioning these high
volume product lines through Proxim's distribution channels contributed
to Proxim's lower than expected revenues.
"Although we are disappointed with this revenue performance, we believe
that the seasonal and product transition issues are addressable," said
Frank Plastina, Chairman and CEO of Proxim. "We are encouraged by our strong
end of quarter order backlog and effective cash management."
These preliminary results are based on management's initial analysis of
operating results and are subject to change as channel sell through and other
financial information becomes available. At this time, Proxim is unable to
provide preliminary GAAP loss per share results or a reconciliation of
preliminary pro forma to GAAP loss per share results for the first quarter of
2004, due primarily to the Company's need to complete the valuation of certain
warrants previously issued by the Company during fiscal year 2003. The Company
is scheduled to announce its final results for the first quarter, including
its GAAP results, after the market close on April 27, 2004. Details regarding
the April 27th conference call will be provided in a separate press release.
Conference Call Information
In conjunction with this announcement, Proxim will host a conference call
today, April 7, 2004, at 8:30 a.m. Eastern Daylight time to discuss the
preliminary first quarter financial results.
Dial-In Information
To listen to the conference call via telephone, dial 913-981-5510 at least
five minutes prior to the scheduled start time.
Webcast Information
To listen to the webcast, go to www.proxim.com, and click on the link
titled "Proxim Announces Preliminary First Quarter 2004 Results Call." The
minimum requirements to listen include sound capabilities on your personal
computer and installation of RealPlayer software available at no cost for
Windows 95/98, Windows 3.1, Windows NT, Macintosh, and UNIX systems from Real
Audio, www.real.com.
The call will be archived immediately following the conference call and
will remain available at http://investor.proxim.com . Additionally, the
conference call will be available on a recorded telephone archive by calling
toll free 888-203-1112 and entering pass code 691348, beginning Wednesday,
April 7 at 10:30 a.m. Eastern Time until midnight Eastern Time on Saturday,
April 27, 2004. For international callers, the recorded telephone archive is
available by calling the following toll number: 719-457-0820 and entering
pass code 691348.
About Proxim
Proxim Corporation is a global leader in wireless networking equipment for
Wi-Fi and broadband wireless networks. The company is providing its enterprise
and service provider customers with wireless solutions for the mobile
enterprise, security and surveillance, last mile access, voice and data
backhaul, public hot spots, and metropolitan area networks. This press release
and more information about Proxim can be found on the Web at www.proxim.com.
Safe Harbor
This press release contains forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include statements concerning Proxim's preliminary
results for the first quarter of 2004 and the Company's belief that seasonal
demand and product transition issues are addressable, and are subject to risks
and uncertainties that could cause actual results to differ materially. These
risks and uncertainties include, but are not limited to, the risks that:
Proxim's financial results for the first quarter of 2004 may be different from
preliminary results as a result of additional information from distributors
regarding sales of the Company's products in the channel; results for the
first quarter of 2004 may vary depending on the final determination of
revenue, cost of revenue, operating expenses, charges and cash balances;
results for the first quarter of 2004 may differ from preliminary results
based on the review of the Company's independent accountants and the audit
committee; Proxim's efforts to address seasonal demand and transitions of
product platforms will not succeed; the market for Proxim's products will not
grow as anticipated or that Proxim will not be able to take advantage of
market opportunities due to competition, product performance, product pricing,
product supply or other issues and other risks and uncertainties associated
with Proxim's business. For additional information regarding risks relating to
Proxim's business, see Proxim Corporation's Form 10-K for the year ended
December 31, 2003, and Current Reports on Form 8-K and other relevant
materials filed by Proxim with the SEC.
Use of Pro Forma Financial Information
To supplement our consolidated financial statements presented on a GAAP
basis, Proxim uses non-GAAP, or pro forma, measures of operating results, net
income/loss and income/loss per share, which are adjusted to exclude certain
costs, expenses, gains and losses that we believe are useful to enhance the
overall understanding of our financial performance. These adjustments to our
GAAP results are made with the intent of providing both management and
investors a supplemental understanding of Proxim's underlying operational
results and trends. Adjusted pro forma results are among the primary
indicators management uses as a basis for planning and forecasting our
business. The presentation of this additional information is not meant to be
considered in isolation or as a substitute for Proxim's financial results
prepared in accordance with generally accepted accounting principles in the
United States. At this time, Proxim is unable to provide preliminary GAAP loss
per share results or a reconciliation of preliminary pro forma to GAAP loss
per share results for the first quarter of 2004, due primarily to the
Company's need to complete a valuation of certain warrants previously issued
by the Company during fiscal year 2003.
SOURCE Proxim Corporation
/CONTACT: Ben Gibson of Proxim Corporation, +1-408-542-5366, or
bgibson@proxim.com/
/Web site: http://investor.proxim.com/
/Web site: http://www.proxim.com/
Apr-07-2004 11:01 GMT
Symbols:
DE;PXI DE;PXIF DE;PXIX US;PROX
Source PRN PR Newswire
Categories:
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MST/MST/L/EN MST/MST/S/ERP MST/R/US/CA MST/S/ERP TGT/PRN
VITX up another 14% today
SBYN - SeeBeyond Provides Foundation for Commerzbank Payment Factory; Flexible
Integration Platform Simplifies
Electronic Transactions
Business Editors/High-Tech Writers
NEU-ISENBURG, Germany & MONROVIA, Calif.--(BUSINESS WIRE)--April
6, 2004--SeeBeyond (Nasdaq:SBYN), provider of the world's first fully
integrated platform for the development and deployment of composite
applications, today announced the successful deployment of its
software suite by Commerzbank, one of Germany's -- and Europe's --
leading private-sector banks. Commerzbank has been using its new,
integrated 'Payment Factory' transaction platform to handle the mass
transactions of its business clients since December 2003. Based on
software provided by SeeBeyond, Commerzbank has developed its Payment
Factory platform which acts as the bank's information hub and
converter. The bank uses the platform to handle a wide range of
message formats which cannot be processed by standard interfaces; it
does this flexibly and takes full account of customers' specific
needs. This allows Commerzbank to offer its corporate clients a
complete package of low-cost and rapid-response transaction services.
Today, many financial service providers such as major banks are
increasingly under pressure to respond to customer and regulatory
demands. As a result, these institutions must make it their top
priority to offer their corporate clients, both nationally and
internationally, a comprehensive range of the very latest transaction
services to be a complete service provider. In addition, cost-cutting
pressure is forcing each transaction banking unit to embrace
automation, straight through processing and an agile infrastructure. A
further consideration, specifically for Commerzbank, was to replace
its existing EDIFACT system for transaction processing.
Commenting on the benefits of the deployment of Payment Factory,
team leader of the Commerzbank Payment Factory, Werner Heinz, says,
"With Payment Factory, we can record, interpret, convert and forward
transactions in any format to any access point, be it an internal
processing system or an external partner."
This forwarding capability makes use of Commerzbank's existing BCS
(Banking Communication Standard) communication system. Utilizing an
internally developed graphical interface, which corresponds directly
with the SeeBeyond platform, Commerzbank system managers are able to
access the system from any workstation to remedy an error or carry out
an investigation.
"We were able to integrate the SeeBeyond solution into our
existing infrastructure. It meets the requirements of many different
international transaction solutions and is flexible and
cost-effective," added Mr. Heinz. "For example, the fact that it uses
the standard infrastructure has considerably reduced the operational
costs in comparison to the old EDIFACT platform."
The new platform can process a large number of different formats:
industry-wide EDIFACT, SWIFT for interbank and customer traffic,
national formats and SAP IDoc formats delivered by the customers'
systems, which have different transmission methods and in some cases
electronic signatures. The ability to carry out multiformat conversion
gives the bank a competitive advantage in the market.
At present, the corporate client transaction business unit handles
a data volume of five to six million transactions per year. Most of
these are still EDIFACT transactions. Yet Mr. Heinz is already looking
to the future. "A further advantage is that we can develop and
integrate new features with our own resources," he adds. "The
scalability of the Payment Factory system allows us to react to
additional demands at any time. We are well prepared for the future."
"Customers needing integrated transaction solutions are to be
found in all business sectors, from manufacturing and retail to the
services sector. The unifying market trend for financial services is
that increasing numbers of companies are concentrating their
transactions and cash management on a small number of banks. These
will function as central hubs for certain regions. By adopting Payment
Factory, Commerzbank has added an important service to its offering in
its quest to satisfy all its customers' demands," said David Bennett,
senior vice president and general manager of EMEA, SeeBeyond.
About SeeBeyond
Based on 14 years of software innovation and real-world experience
in integrating systems across Global 2000 organizations, SeeBeyond
(Nasdaq:SBYN) delivers the industry's first fully integrated platform
for the development and deployment of composite applications. Beyond
eAI, the SeeBeyond(R) Integrated Composite Application Network (ICAN)
Suite helps organizations rapidly assemble and deploy enterprise-scale
end-user composite applications built on existing systems and
infrastructure to dramatically improve business operations. SeeBeyond
has more than 1,880 customers worldwide, including ABB, ABN Amro, BHP
Billiton, The Cleveland Clinic, The Dial Corporation, DuPont, Florida
Power & Light, Fluor Daniel, Fujitsu, General Motors, Halliburton,
Hertz Corporation, Hewlett-Packard, Pfizer, Samsung, Sprint, Sutter
Health and UnitedHealth Group. For more information, please visit
www.seebeyond.com.
SeeBeyond is a registered trademark of SeeBeyond Technology
Corporation. All other brands or product names are trademarks of their
respective owners.
--30--LO/sf*
CONTACT: SeeBeyond
Barbara May, +49 (0) 6102 7351-30 (EMEA)
bmay@seebeyond.com
Kristi Rawlinson, 214-373-1519 (U.S.)
krawlinson@seebeyond.com
KEYWORD: CALIFORNIA GERMANY INTERNATIONAL EUROPE
INDUSTRY KEYWORD: SOFTWARE HARDWARE COMPUTERS/ELECTRONICS PRODUCT
SOURCE: SeeBeyond
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Apr-06-2004 12:01 GMT
Symbols:
DE;YSW US;SBYN
Source BW Business Wire
Categories:
MST/I/CPM MST/I/ISS MST/I/SOF MST/L/EN MST/R/DE MST/R/EU MST/R/US/CA
MST/S/PDT TGT/BWN
WAVX - Wave Systems to Feature Secure Enterprise Software Solutions At Microsoft
Security Summit Events
Business Editors/High-Tech Writers
LEE, Mass.--(BUSINESS WIRE)--April 5, 2004--
Wave Features its EMBASSY(R) Trust Suite at Microsoft Security
Events From April through June 2004
Wave Systems Corp. (NASDAQ:WAVX) today announced its EMBASSY(R)
Trust Suite software will be demonstrated at Microsoft Security Summit
events across the U.S. from April through June, 2004.
This is a significant opportunity for security specialists,
network database administrators, developers and other IT professionals
to learn how Wave can help companies and organizations prepare for
future potential security threats while using the Microsoft
infrastructure.
"By participating with Microsoft at these important security
events, more than 30,000 influential IT professionals, including
corporate decision makers and those that resell and distribute to
them, will learn first-hand about Wave's EMBASSY Trust Suite
solutions," said Brian Berger, Wave's executive vice president,
marketing and sales. "Wave will be paying particular attention to
resellers and distributors who could realize important benefits
through the newest addition to the EMBASSY Trust Suite portfolio - the
Key Transfer Manager, an enterprise software solution that is designed
to help backup and protect the hardware encryption keys used to
protect valuable personal computer data."
"Microsoft is hosting Security Summit events in response to our
customers' ongoing need for in-depth training on issues related to
security," said Jeff Jones, Senior Director for Trustworthy Computing
at Microsoft Corp. "We are pleased to work with companies like Wave at
our Security Summit events to help customers learn more about options
available to help them protect computers and networks from the threat
posed by malicious software code."
In addition to Key Transfer Manager, EMBASSY Trust Suite includes
Document Manager Vault for securing files and folders, SmartSignature
for digital signature capability for secure electronic contracts, and
Private Information Manager for secure storage and management of user
names, passwords and personal information. Private Information Manager
is designed to intelligently retrieve data for use in web pages,
logging into web sites, or for filling in forms.
Information on Wave's participation in specific Microsoft Security
Summit events is available at www.wave.com.
More information about EMBASSY Trust Suite products is available
through Wave Systems at www.wave.com/products/ets.html.
About Wave Systems
Consumers and businesses are demanding a computing environment
that is more trusted, private, safe and secure. Wave is the leader in
delivering trusted computing applications and services with advanced
products, infrastructure and solutions across multiple trusted
platforms from a variety of vendors. Wave holds a portfolio of
significant fundamental patents in security and e-commerce
applications and employs some of the world's leading security systems
architects and engineers. For more information about Wave, visit
http://www.wave.com.
Safe Harbor for Forward-Looking Statements
Except for the statements of historical fact, the information
presented herein constitutes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include
general economic and business conditions, the ability to fund
operations, the ability to forge partnerships required for deployment,
changes in consumer and corporate buying habits, chip development and
production, the rapid pace of change in the technology industry and
other factors over which Wave Systems Corp. has little or no control.
Wave Systems assumes no obligation to publicly update or revise any
forward-looking statements.
All brands are the property of their respective owners.
--30--NR/ny*
CONTACT: Wave Systems Corp.
John Callahan, 413-243-7029
jcallahan@wavesys.com
or
David Collins, 212-835-8500
wavx@jcir.com
KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: SOFTWARE E-COMMERCE INTERNET HARDWARE GOVERNMENT
PRODUCT TRADESHOW
SOURCE: Wave Systems Corp.
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Apr-05-2004 13:06 GMT
Symbols:
US;WAVX
Source BW Business Wire
Categories:
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MST/S/MET MST/S/PDT TGT/BWN
KANA - KANA Receives 'Positive' Rating in Gartner's E-Mail Response Systems MarketScope
Vendor Report
Business Editors/High-Tech Writers
MENLO PARK, Calif.--(BUSINESS WIRE)--April 5, 2004--KANA(R)
(NASDAQ: KANA), a leading provider of knowledge-powered customer
service applications, today announced that it earned a 'Positive'
rating in Gartner Inc.'s recent "MarketScope: E-Mail Response
Management Systems," research note. This rating is determined by the
analysts' interaction with prospects, vendors, consultants and
integrators, and in evaluating and analyzing the market as a whole.(1)
Published in March by Gartner, Inc., a premier research and
advisory firm, the report analyzes and positions e-mail response
vendors against the Gartner MarketScope rating framework based on the
following evaluation criteria: Basic ERMS, Advanced ERMS, Knowledge
and Content Management, Expandability, Open Architecture and
Mindshare.
"We consider our Positive rating in Gartner's E-Mail Response
Management Systems MarketScope to be further confirmation of the
significant impact KANA solutions have within our customer base," said
Brian Kelly, executive vice president of products and marketing at
KANA. "Through the use of our knowledge-powered applications,
organizations are able to reduce costs and deliver better, faster
service resolution management through e-mail and other key channels."
An integral component of the KANA iCARE(TM) suite, KANA Response
is one of the most effective and widely used e-mail management systems
in the world. It provides customers with world-class, agent-assisted
service with fast, high volume, intelligent, automated e-mail, Web,
and instant messaging request management.
"We believe that, in rating KANA as positive, Gartner is
recognizing what we have known for a long time -- KANA provides the
knowledge-powered applications we need to effectively meet customer
expectations for fast and efficient service resolution," said Ron
Rose, CIO of Priceline. "KANA enables us to meet our objective of
improving customer service without increasing costs in the contact
center."
KANA's knowledge-powered customer service applications address the
needs of Global 2000 organizations in key vertical markets, giving
businesses a competitive advantage and increasing their ability to
service, market to and understand their customers. Companies around
the world benefit from KANA's knowledge-powered approach to managing
customer relationships, which combines sophisticated analytics with
thin-client Web architecture to deliver extraordinary customer
interactions that decrease costs and drive revenue.
About KANA
KANA (NASDAQ: KANA) provides knowledge-powered customer service
applications enabling organizations to better service, market to, and
understand their customers and partners. Optimized for specific
vertical industries, KANA's iCARE applications are in use at more than
half of the world's largest 100 companies. An award-winning, modular
suite of eCRM applications available on J2EE and .Net, KANA iCARE
applications enable customers to do business when, where and how they
want, improving customer experiences while decreasing costs in contact
centers and marketing departments. KANA's partner-centric business
model includes strategic relationships with the largest systems
integrators in the world to support and sell KANA iCARE. For more
information visit www.kana.com.
Cautionary Note Regarding Forward-looking Statements Under the
Private Securities Litigation Reform Act of 1995:
Information in this release regarding KANA's forecasts,
projections, expectations, beliefs, and intentions are forward-looking
statements that involve risks and uncertainties. All forward-looking
statements included in this release are based upon information
available to KANA as of the date of this release, which may likely
change, and we assume no obligation to update any such forward-looking
statement. These statements are not guarantees of future performance
and actual results could differ materially from our current
expectations. Factors that could cause or contribute to such
differences include, but are not limited to: competition in our
marketplace, including introductions of new products or services, or
reductions in prices, by competitors; risks associated with lack of
market acceptance of KANA's products or services; inability to enhance
and develop our products and services within budget and on schedule;
inability to attract and retain qualified employees, to manage cash
and expenditures or to expand sales; inability to manage our business
in light of recent personnel reductions; KANA's history of losses; the
effect of potential military action and terrorist activities; and slow
economic conditions, particularly as they affect spending by our
prospective customers on eCRM and similar enterprise software
products. These and other factors are risks associated with our
business that may affect our operating results and are discussed in
KANA's filings with the Securities and Exchange Commission, including
our most recent annual report on Form 10-K and our quarterly reports
on Form 10-Q.
NOTE: KANA is a registered trademark, and KANA Software, KANA
iCARE, KANA Contact Center, KANA IQ, KANA ResponseIQ, KANA Response,
KANA Marketing, KANA iCARE Analytics and the KANA logo are trademarks
of KANA Software, Inc. All other company and product names may be
trademarks of their respective owners.
The MarketScope is copyrighted by Gartner, Inc. and is reused with
permission. The MarketScope is an evaluation of a marketplace at and
for a specific time period. It depicts Gartner's analysis of how
certain vendors measure against criteria for that marketplace, as
defined by Gartner. Gartner does not endorse any vendor, product or
service depicted in the MarketScope, and does not advise technology
users to select only those vendors with the highest rating. Gartner
disclaims all warranties, express or implied, with respect to this
research, including any warranties of merchantability or fitness for a
particular purpose.
(1)MarketScope: E-Mail Response Management Systems, 1HO4, authored
by Esteban Kolsky, March 1, 2004
--30--GK/bo*
CONTACT: KANA
Jessica Hohn, 508-598-3356
jhohn@kana.com
or
PAN Communications
Andy Dear and Elise Sherman, 978-474-1900
kana@pancomm.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: SOFTWARE E-COMMERCE INTERNET
SOURCE: KANA
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Apr-05-2004 12:01 GMT
Symbols:
DE;KAA US;KANA
Source BW Business Wire
Categories:
MST/I/ISS MST/I/NET MST/I/SOF MST/L/EN MST/R/US/CA TGT/BWN
11/13/2008 – NEW PICS OF FIRST PRODUCTION AT MAGOG FACILITY
Video: http://www.youtube.com/watch?v=HV7AhRdD-1M
http://i372.photobucket.com/albums/oo167/magnumrecyclage/HPIM1153.jpg http://i372.photobucket.com/albums/oo167/magnumrecyclage/HPIM1155.jpg http://i372.photobucket.com/albums/oo167/magnumrecyclage/HPIM1147.jpg http://i372.photobucket.com/albums/oo167/magnumrecyclage/HPIM1154.jpg
Magnum d’Or Resources (MDOR.ob)
Business Description:
In simple terms, Magnum recycles scrap tires into reusable, marketable materials; nuggets, buffings, powders, and crumb rubber each having their respective applications. Magnum has a five year contract with National Sales & Supply(NSS) http://www.nsalessupply.com for $131,000,000 worth of rubber buffings and nuggets for fulfillment of NSS’s contracts with retailers such as Wal-Mart, Lowe’s, Home Depot, and others.
- Production of Rubber Nuggets – http://magnumresources.net/files/rubber-nuggests.ppt
- Production of Rubber Buffings –http://magnumresources.net/files/rubber-buffings.ppt
- Production of TPE’s - http://magnumresources.net/files/elastomeric-alloys.ppt
Magnum recently announced a new research & development program, long term partnership, and joint venture with Sekhar Research Innovations Sdn Bhd (SRI) http://srielastomers.com Magnum will receive immediate exclusivity for North America and future global rights to an array of next generation cost saving custom compounds targeted at a wide spectrum of applications. In addition, Magnum will have access to state of the art processing aids and new world proprietary rubber recycling equipment.
Contact Info:
Magnum D’Or Resources Inc.
1326 SE 17th St. Suite 513
Ft. Lauderdale, FL 33316
PH: 305-420-6563
FAX: 305-395-4858
http://www.magnumresources.net
Share Structure: (11/11/2008)
Authorized: 200,000,000
Preferred: (voting, non-convertible): 10,000,000
Common Outstanding: 22,416,637
Common Float: 8,914,043
Transfer Agent:
Holladay Stock Transfer, Inc.
2939 N 67th Pl Ste C
Scottsdale, AZ 85251
(480) 481-3940
Corporate Domicile:
Nevada Secretary of State Record
Press Releases:
http://www.magnumresources.net/news.php
SEC Filings:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001099963&owner=include&count=40
Internal Controls:
Magnum is a reporting company, and their accountant, Weinberg & Company, P.A. is one of the best in the business http://www.cpaweinberg.com/news.pdf Also, Magnum has recently retained Canadian consulting firm Raymond Chabot Grant Thornton http://www.rcgt.com/Aboutus.aspx?NavID=117&CultureCode=en to assist with internal controls and revenue projections.
Pictures of Various MDOR facilities:
http://www.magnumresources.net/investors.php
Audio Interview:
10/13/2008 TradersNation interview with Chad Curtis
http://www.tradersnation.com/player/?id=414
Chart:
The rising “Money Flow” and “On Balance Volume” indicate a great amount of accumulation has been, and is still going on.
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