Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
(OTCBB:CFPC)35 New Co-Op's Join Coffee Pacifica's Distribution System
LAS VEGAS--(Business Wire)--April 20, 2006--
Coffee Pacifica, Inc. (OTCBB:CFPC) announced today that
its strategic partner Papua New Guinea Coffee Growers Federation Ltd.
("PNGCGF") has increased its co-operative membership by an additional
35 new co-operatives from 144 to 179 collectively representing
approximately 120,000 individual coffee farmers. The majority of the
new co-operatives will supply the robusta coffee to the coffee milling
factory established by the PNGCGF in Wewak, East Sepik last month.
Jon Yogiyo, Vice Chairman of Coffee Pacifica and Chairman of
PNGCGF, stated that, "Our exporting of robusta coffee will immediately
impact Coffee Pacifica's sales and strengthens our ability to become
one of the major exporters of PNG green bean coffee into United
States."
Coffee Pacifica, Inc. is a distributor and a marketer in the
United States, Canada and Europe of the green bean coffee grown in
Papua New Guinea. Green bean coffee in Papua New Guinea is grown by
Coffee Pacifica's shareholder-farmers in the Highland region's rich
volcanic soils between the altitudes of 4,000 and 6,000 feet above sea
level. Papua New Guinea exports approximately 2% of the annual world
green bean production. Papua New Guinea coffee is well regarded by
consumers for its uniqueness, consistency and special flavor
characteristics. For more information about our coffee products, visit
our website at www.coffeepacifica.com. Coffee Pacifica's wholly owned
subsidiary, Uncommon Grounds Inc., established in 1984, is a coffee
roasting and wholesale company based in Berkeley, California. Visit
their website at www.uncommongrounds.net to purchase our PNG roasted
coffee beans.
PNG Coffee Growers Federation Ltd. ("PNGCGF") is our strategic
partner and a major shareholder. PNGCGF's shareholders are 179
individual independent coffee grower co-operatives in 11 of the 13
coffee growing provinces in Papua New Guinea. This represents
approximately 120,000 plus individual coffee farmers involved in
producing co-operative coffee. The high quality premium-grade coffee
produced by the co-operatives are pooled and marketed by Coffee
Pacifica. In PNG approximately 86% of the exported coffee is annually
produced by the small independent coffee growers.
Coffee Pacifica, Inc.
Corporate Relations
Lionel Gosselin, 877-318-9343
enquiries@coffeepacifica.com
Copyright Business Wire 2006
20Apr06 12:30 GMT
Symbols:
us;CFPC
Source BW Business Wire
(NASDAQ:VIVO)Meridian Bioscience Reports Record Second Quarter and Six Months Operating Results, Increases Fiscal 2006 Guidance, and Declares Regular Cash Dividend General Highlights
CINCINNATI, Ohio--(Business Wire)--April 20, 2006--
Meridian Bioscience, Inc., Cincinnati, Ohio
(NASDAQ:VIVO) today:
-- reported record second quarter and six months net sales of
$28,272,000 and $53,180,000, respectively, an increase of 19%
and 25% over the same periods of the prior fiscal year;
-- reported record second quarter and six months net earnings of
$4,723,000 and $8,685,000, respectively, an increase of 48%
and 64% over the same periods of the prior fiscal year;
-- reported record second quarter and six months diluted per
share earnings of $0.18 and $0.32, respectively, an increase
of 38% and 45% over the same periods of the prior fiscal year;
-- increased its fiscal 2006 guidance of per share diluted
earnings to $0.63 to $0.66 (previously $0.60 to $0.63) on net
sales of $106 million to $109 million (previously $103 million
to $107 million); and
-- declared a regular quarterly cash dividend of $0.115 per share
(indicated annual rate of $0.46 per share), a 44% higher
regular quarterly rate over the prior fiscal year.
Meridian Bioscience, Inc.
John A. Kraeutler or Melissa A. Lueke, 513-271-3700
Copyright Business Wire 2006
20Apr06 12:54 GMT
Symbols:
de;MR4 de;MR4F de;MR4X us;VIVO
Source BW Business Wire
(OTC Bulletin Board: VRDM)Veridium Receives Order from South African Ethanol Producer for Corn Oil Extraction Technology
NEW YORK--(Business Wire)--April 20, 2006--
Veridium Corporation (OTC Bulletin Board: VRDM) today
announced its receipt of an order from Ethanol Africa for the use of
Veridium's patent-pending Corn Oil Extraction System(TM) at Ethanol
Africa's new Bothaville, South Africa ethanol production facility.
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract
high grade corn oil from an ethanol by-product called distillers dried
grain ("DDG"). Veridium's technology has the capability of removing up
to 75% of the corn oil from within the DDG in two stages.
The first stage extracts 1.1 to 1.3 million gallons per year and
corresponds to about 30% of the corn oil in the DDG for a 40 million
gallon per year facility. The second stage of the Veridium technology
recovers another 30% to 45% of the corn oil in the DDG, corresponding
to another 1.2 to 2.2 million gallons of corn oil per year out of a 40
million gallon per year ethanol facility. 3 million gallons per year
of high grade corn oil converts to 3 million gallons per year of
biodiesel. This equates to a 7% increase in fuel production out of a
40 million gallon per year ethanol facility, and a significant
increase in plant productivity out of the plant's existing
infrastructure.
The new Ethanol Africa order is for the first stage of Veridium's
technology and the system is expected to be installed in line with the
onset of operations at Ethanol Africa's new Bothaville, South Africa
ethanol production facility later this year. Ethanol Africa is
headquartered in Bothaville, South Africa, and intends to build eight
40 million gallon per year ethanol production facilities.
"Rising fuel prices and greenhouse gas emissions are global
issues, and we are hopeful that this order will be our first of many
such international orders for our ethanol process technologies," said
David Winsness, chief executive officer of Veridium's industrial
design division. "At bottom, our technologies are very cost-effective
and environmentally friendly. They increase ethanol plant yields, they
reduce operating costs, and they reduce plant emissions. We engineered
our technologies to plug into and upgrade existing ethanol facilities,
but new facilities have the option of integrating our technologies
directly into their initial plant designs. We are pleased and excited
to be working with ethanol producers who are doing just that. Ethanol
Africa is progressive company and we are grateful for the opportunity
to work with them on their first and future ethanol facilities."
About Veridium's Corn Oil Extraction System(TM)
Currently, the majority of ethanol production is based on a dry
milling technique that utilizes more than 1 billion bushels of corn to
produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill
process converts the starch from the kernel of corn into sugar and
then the sugar into ethanol. The balance of the corn (non-starch
components) then goes through a dewatering and dehydration process
where the byproduct is sold as a commercial feed ingredient called
distillers dried grain ("DDG"). DDG contains the majority of the corn
oil that was present in the kernel. Today, the 1 billion bushels of
corn currently used in the dry mill ethanol process contain roughly
300 million gallons of corn oil that is currently sold for about $0.03
per pound as commercial feed. The new Veridium technology presents
another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following
compelling benefits for ethanol producers:
-- Low Operating Costs - the system requires less than $0.05 per
gallon of corn oil produced;
-- High Recovery Rates - the technology is capable of recovering
up to 75% of the corn oil within the DDG;
-- Increased Revenue - the corn oil extracted with Veridium's
technology is readily amenable to refining into biodiesel fuel
which creates a new revenue stream for participating ethanol
facilities;
-- Reduces Current Operating Costs and Emissions - Veridium's
technology improves the drying efficiency of the DDG which in
turn reduces overall plant operating costs and emissions; and,
-- Low Capital Cost - Veridium's oil extraction methods have a
capital cost of less than 15% of traditional corn oil
extraction methods.
Pictures and video of the new Veridium technology are available
online at www.veridium.com - this system is in use today and
efficiently recovers corn oil from concentrated thin stillage.
Veridium Corporation
Investor Relations, 888-870-9197 ext. 291
Fax: 646-792-2636
investorrelations@veridium.com
www.veridium.com
or
CEOcast, Inc. for Veridium
Ed Lewis, 212-732-4300
Copyright Business Wire 2006
20Apr06 11:30 GMT
Symbols:
us;VRDM
Source BW Business Wire
STOCKS NEWS US-UPDATE 2-Nokia Q1 results beat all expectations
Mobile phone giant Nokia <NOK1V.HE> reported January-March earnings and sales above expectations on Thursday, boosted by strong demand for handsets around the world, sending its shares sharply higher.
(NYSE: RYL), CALABASAS, Calif., April 20 /PRNewswire-FirstCall/ -- The Ryland Group,
Inc. (NYSE: RYL), today announced record results for its first quarter ended
March 31, 2006, including the highest first-quarter consolidated net earnings,
revenues, closings and earnings per share in its history. Highlights
included:
* Diluted earnings of $1.86 per share for the quarter ended March 31,
2006, representing an increase of 48.8 percent over the same period in
the prior year;
* Consolidated revenues of $1,074.8 million for the quarter ended
March 31, 2006, compared to consolidated revenues of $874.0 million for
the quarter ended March 31, 2005, an increase of 23.0 percent;
* Gross profit margins from home sales of 24.4 percent for the quarter
ended March 31, 2006, compared to 23.2 percent for the quarter ended
March 31, 2005;
* Closings of 3,554 for the quarter ended March 31, 2006, reflecting an
increase of 13.3 percent over the same period in the prior year and
representing the highest first-quarter closings in the Company's
history;
* Average closing price for the quarter ended March 31, 2006, increased
8.9 percent to $295,000 from $271,000 for the same period in 2005;
* Quarterly new order dollars at March 31, 2006, decreased 16.6 percent to
$1.2 billion from $1.4 billion for the quarter ended March 31, 2005.
New order units in the first quarter of 2006 decreased 21.2 percent to
4,021 units from 5,102 units for the same period in 2005;
* Backlog totaled $2.8 billion, up 2.7 percent at March 31, 2006, compared
to March 31, 2005, representing the highest first-quarter backlog in the
Company's history. Backlog units at March 31, 2006, decreased 6.8
percent to 8,931 from 9,584 at March 31, 2005;
* Repurchase of 1,035,000 shares of the Company's common stock during the
first quarter of 2006 or approximately 2.2 percent of our weighted
average shares outstanding; and
* Anticipated diluted earnings per share for fiscal year 2006 will be
$9.50 per share, representing a 5.0 percent increase over the prior year
and the highest in the Company's history.
RECORD RESULTS HIGHLIGHT FIRST QUARTER
The Company's consolidated net earnings rose 43.5 percent for the quarter
ended March 31, 2006, to a record $90.0 million, or $1.86 per diluted share,
compared to $62.7 million, or $1.25 per diluted share, for the same period in
2005.
The homebuilding segment reported pretax earnings of $148.9 million during
the first quarter of 2006, representing a 38.8 percent rise over the $107.3
million in pretax earnings reported for the same period in 2005. The increase
over the prior year was primarily attributable to higher sales prices and an
increase in closing volume.
Homebuilding revenues rose $197.5 million, or 23.0 percent, to $1,055.9
million for the first quarter of 2006, compared to $858.4 million for the same
period in the prior year. This was primarily due to a 13.3 percent increase
in closings and an 8.9 percent increase in the average closing price of a
home, which rose to $295,000 for the quarter ended March 31, 2006, from
$271,000 for the quarter ended March 31, 2005. Homebuilding revenues for the
first quarter of 2006 included $4.7 million from land sales, compared to $8.5
million from land sales for the first quarter of 2005, which contributed net
gains of $1.4 million and $0.6 million to pretax earnings in 2006 and 2005,
respectively.
For the first quarter of 2006, new order dollars decreased 16.6 percent to
$1.2 billion from $1.4 billion in the first quarter of 2005. New orders of
4,021 units for the first quarter ended March 31, 2006, represented a decrease
of 21.2 percent, compared to new orders of 5,102 units for the same period in
2005. The dollar value of the Company's backlog at March 31, 2006, was $2.8
billion, an increase of 2.7 percent over March 31, 2005. Backlog units at the
end of the first quarter of 2006 decreased 6.8 percent to 8,931 from 9,584 at
the end of the first quarter of 2005.
Gross profit margins from home sales averaged 24.4 percent for the first
quarter of 2006, compared to 23.2 percent for the same period in 2005. Total
gross profit margins, including land sales, increased to 24.3 percent in the
first quarter of 2006 from 23.0 percent during the same period in the prior
year. Selling, general and administrative expenses, as a percentage of
revenue, were 10.2 percent for the first quarter of 2006, versus 10.5 percent
for the same period in 2005. The homebuilding segment capitalized all
interest incurred during the first quarter of 2006 due to development
activity. The pretax homebuilding margin was 14.1 percent for the first
quarter of 2006, compared to 12.5 percent for the first quarter of 2005.
Corporate expenses were $16.5 million for the first quarter of 2006,
compared to $14.5 million for the same period in the prior year. This
increase was primarily attributable to a rise in incentive compensation, which
was due to improvement in the Company's financial results and expensing of
stock options due to a change in accounting guidance.
The Company's financial services segment, which includes mortgage, title,
escrow and insurance services, reported pretax earnings of $11.6 million for
the first quarter of 2006, compared to pretax earnings of $8.4 million for the
same period in 2005. This increase was primarily due to an 11.5 percent rise
in loans originated and a 10.9 percent rise in average loan size, as well as
to an increase in profitability from title and insurance operations. The
capture rate of mortgages originated for the Company's homebuilding customers
was 80.3 percent for the first quarter of 2006 and 2005.
STOCK REPURCHASE PROGRAM
The Company repurchased 1,035,000 shares of its common stock during the
first quarter of 2006 at a cost of $71.9 million. Outstanding shares at March
31, 2006, were 45,735,280, versus 47,349,051 for March 31, 2005, a decrease of
3.4 percent.
2006 EARNINGS GUIDANCE
The Company anticipates its diluted earnings per share will be $9.50 for
the fiscal year ending December 31, 2006, which, while lower than previous
guidance, would represent a 5.0 percent increase over 2005 and the highest in
the Company's history.
With headquarters in Southern California, Ryland is one of the nation's
largest homebuilders and a leading mortgage-finance company. The Company
currently operates in 28 markets across the country and has built more than
250,000 homes and financed more than 215,000 mortgages since its founding in
1967. Ryland is a Fortune 500 company listed on the New York Stock Exchange
under the symbol "RYL." Previous news releases may be obtained at
www.ryland.com.
SOURCE The Ryland Group, Inc.
Investor Relations, Drew Mackintosh, Director, Finance, +1-818-223-7548, or
Media Relations, Marya Jones, Director, Communications, +1-818-223-7591, both
of The Ryland Group, Inc.
20Apr06 12:01 GMT
Symbols:
gb;RYG us;RYL
(NYSE:AME) AMETEK Achieves Record First Quarter Results; Sales Increase 27%, Net Income Increases 30%; Raising 2006 Earnings Estimates
PAOLI, Pa.--(Business Wire)--April 20, 2006--
AMETEK, Inc. (NYSE:AME) today announced first quarter
results that established records for sales, operating income, net
income and diluted earnings per share.
AMETEK's first quarter 2006 sales of $423.9 million were up 27%
over the same period of 2005. Operating income for the first quarter
of 2006 was $70.8 million, a 32% increase from the $53.6 million
recorded in the same period of 2005. Net income in the first quarter
of 2006 increased 30% to $40.3 million, or $.57 per diluted share,
from the first quarter 2005 level of $31.0 million, or $.44 per
diluted share.
"AMETEK had an outstanding quarter which exceeded our
expectations," noted Frank S. Hermance, AMETEK Chairman and Chief
Executive Officer. "Strong internal growth of 9%, combined with the
contributions from acquired businesses enabled us to grow the top-line
by 27%. Operating income margin was up 70 basis points and net income
was up 30% as we translated the top-line growth into bottom-line
performance," he commented.
Electronic Instruments Group (EIG)
For the 2006 first quarter, EIG sales increased 31% to $236.4
million. Operating income was $47.7 million, compared with $36.3
million in the first quarter of 2005, an increase of 32%. Operating
margins for the quarter improved to 20.2%, from 20.0% in the first
quarter of 2005.
"EIG had a great first quarter. Sales were up on strong core
growth in our power, process and analytical, and aerospace businesses
together with the contribution from the acquisitions of SPECTRO,
Solartron and Pulsar Technologies. Operating income was up 32%,
benefiting from the top-line growth and continued focus on operational
excellence improvements," said Mr. Hermance.
Electromechanical Group (EMG)
For the first quarter of 2006, EMG sales were $187.4 million, a
22% increase over the same period of 2005. Operating income of $32.0
million was up 31% from the $24.4 million recorded in the same period
of 2005. Operating margins for the quarter were 17.0%, compared with
16.0% in the first quarter of 2005.
"EMG also had a great first quarter. Sales were up nicely, driven
by solid core growth in both our differentiated and cost-driven
businesses and the acquisition of HCC Industries. Profitability was
strong as a result of the increased volume and our operational
excellence initiatives," commented Mr. Hermance.
AMETEK, Inc.
William J. Burke, 610-889-5249
Copyright Business Wire 2006
20Apr06 11:00 GMT
Symbols:
de;AK1 de;AK1F de;AK1X us;AME
Temecula Valley Bank Investors Gain 675%
TEMECULA, Calif.--(Business Wire)--April 20, 2006--
Temecula Valley Bank (NASDAQ:TMCV) announced today that
the Company was awarded the "Five year stock appreciation award" for
yielding 675% to their investors for the five year period ending
12-31-05.
The award was presented at the fifth annual Strategic Issues
Summit held at the Balboa Bay Club & Resort in Newport Beach, CA on
April 4, 2006. The Summit was sponsored by the California Bankers
Association and Carpenter & Company, an Irvine-based investment
banking firm specializing in financial institutions.
"The Market Cap Award honors our success in producing superior
returns for shareholders," said Stephen H. Wacknitz, Chairman,
President and CEO. "Such returns result from quality performance by
our Bank in serving our customers and communities.
"This marks the second time we have received a market cap award
having previously received the top award for the best three year stock
appreciation award (360% appreciation) in 2003. We are pleased to be
recognized for our continued performance and it's a credit to our
Board of Directors, officers and staff. We are all very proud of this
achievement," Wacknitz said.
Temecula Valley Bank, a wholly owned subsidiary of Temecula Valley
Bancorp Inc., a commercial bank with over $ 900 million in assets, has
eight full service branches located in Temecula, Murrieta, Corona,
Fallbrook, Escondido, Rancho Bernardo, El Cajon and Carlsbad
California. The bank also operates a number of regional real estate
loan production centers in California and as a nationally authorized
preferred SBA lender, the bank has funded over a billion dollars in
SBA loans in 33 States across the nation in the last five years.
Temecula Valley Bank was established in 1996 and Temecula Valley
Bancorp was established in June 2002 which operates as a one-bank
holding company for Temecula Valley Bank. Temecula Valley Bancorp's
common stock is listed on the national NASDAQ market and trades under
the symbol TMCV. The Bank's website is at www.temvalbank.com.
Temecula Valley Bank
Stephen H. Wacknitz, 951-694-9940
Copyright Business Wire 2006
20Apr06 12:00 GMT
Symbols:
de;UDO us;TMCV
Source BW Business Wire
ECPN, WYPH, AVNT, RFMD, PVTB, ATLS, SWN, AOGS, BDCO
Worth taking a look at.
An Amazing Source of Inspiration:
Performance of MDG list:
average of 73%, 50%, 24%, 0%, -10%, -10%.
21.2 %, the 25% gains did not happen but 21.2% is not bad we'll take that.
Txxxx Stopped out at a 10% loss. All 6 MDG stocks completed for weekending April 21, 2006.
Axxx sold out at even status no volume ( ???? )
Fxxx stopped out at a 10% loss
An amazing source of Inspiration:
Sold Bxxx at a 24% gain to assure a good average for the week.
Sold Ixxx for a 50% gapper. Thats a good one for the week.
Sold out of Vxxx @ 73% gain. for a nice one day gapper.
(Nasdaq: PACT)Fourth Quarter Revenues Increased 33% and Net Income Increased 106% on a Year-over-Year Basis
HONG KONG, April 17 /Xinhua-PRNewswire/ -- PacificNet Inc. (Nasdaq: PACT),
a leading provider of CRM and telemarketing services, call center, Interactive
Voice Response (IVR) and Value-Added Services (VAS) in China, today reported
unaudited results for the fourth quarter and fiscal year ended December 31,
2005.
Q4 2005 Highlights (in US dollars)
-- Quarterly revenues of $13,368,000 represented an increase of 33% as
compared to $10,068,000 from Q4 2004; or a sequential increase of 25%
as compared to $10,722,000 from Q3 2005.
-- Quarterly gross profit was $4,833,000, a significant increase of 181%
as compared to $1,718,000 from Q4 2004; or a significant increase of
143% as compared to $1,989,000 from Q3 2005; For reference, our Q3
gross profit was $1,989,000, an increase of 45% as compared to
$1,372,000, from Q3 2004; Q2 and Q1 gross profit was $2,215,000 and
$1,650,000, an increase of 71% and 32% as compared to $1,295,000 and
$1,249,000 from Q2 and Q1 2004 respectively.
-- Quarterly operating profit was $1,617,000, an increase of 58% as
compared to $1,026,000 from Q4 2004; or an increase of 57% as compared
to $1,027,000 from Q3 2005.
-- Quarterly net income of $918,000, or $0.09 per basic share, or $0.08
per diluted share, represented an increase of 106% as compared to net
income of $446,000, or $0.06 per diluted share in Q4 2004; or an
increase of 50% as compared to net income of $611,000, or $0.05 per
share, from Q3 2005; This met the top range of the Company's latest
earnings projection of $0.07 to $0.09 per share. Our Q4 results also
included several one-time charges or expenses such as the $103,250
NASDAQ National Market Entry Fee.
-- Cash and cash equivalents were $10,137,000 as of December 31, 2005,
compared to $6,764,000 at the end of fiscal 2004.
-- Equity per share of $3.04 and cash per share of $0.95 as of December
31,
2005, as compared to $2.96 and cash per share of $0.47 as of September
30, 2005 respectively.
-- Quarterly revenues of $6,311,000, $11,017,000, and $2,013,000; and
operating profit of $432,000, $1,205,000, and $12,000 were generated
from the Company's three business units: (1) Outsourcing, (2) VAS and
(3) Communications, respectively. This compares to revenues of
$3,362,000, $2,546,000, and $4,678,000; and operating profit of
$323,000, $1,171,000, and $102,000, respectively for Q3 2005.
-- Continued profitability in each of the acquired subsidiaries and
investments: YueShen, Epro, Linkhead, Smartime, 3G, Clickcom and
ChinaGoHi.
-- Number of employees in China reached approximately 2,500.
-- Expanded presence in China with offices in Hong Kong, Beijing,
Shenzhen,
Guangzhou, and VAS branch offices in 26 provinces in China including
Guangdong, Guangxi, Hubei, Hunan, Jiangsu, Zhejiang, Shanghai, Henan,
Anhui, Yunnan, Gansu, Ningxia, Inner Mongolia, Guizhou, Tianjin,
Qinghai, Hainan, Heilongjiang, Shanxi, Shandong, Chongqing, Jiangxi,
Beijing, Hebei, Liaoning, and Jilin.
Financial Results of Fiscal Year Ended December 31, 2005
-- Revenues of $43,975,000, an increase of 48% as compared to $29,709,000
from 2004.
-- Gross profit of $10,687,000, an increase of 90% as compared to
$5,635,000 from 2004.
-- Operating profit of $4,484,000, an increase of 131% as compared to
$1,937,000 from 2004.
-- Net income of $2,537,000, or $0.25 per basic share, or $0.24 per
diluted share, as compared to net profit of $774,000, or $0.11 per
basic share, or $0.10 per diluted share in 2004. This met the top range
of the Company's latest earnings projection of $0.23 to $0.25 per
share.
-- Revenues of $13,297,000, $13,648,000 and $13,153,000; and Operating
profit of $1,385,000, $3,660,000 and $302,000 were generated from the
company's three business units: (1) Outsourcing Business, (2) VAS
Business, and (3) Communications Distribution Business, respectively.
-- These results were consistent with the increase in guidance the Company
provided in a news release on November 15, 2005 when it raised
financial targets for its fourth quarter and year-ended December 31,
2005.
2006 Business Outlook
-- For fiscal year 2006, the Company expects that total revenues will be
between $60 and $70 million.
-- For fiscal year 2006, the Company expects that net income will be
between $4.5 and $5.2 million, or about $0.41 to $0.50 per share.
-- For Q1 2006, the Company expects that total revenues will be between
$13 and $14 million.
-- For Q1 2006, the Company expects that net income will be between
$700,000 and $900,000, or about $0.07 to $0.09 per share.
-- The results variance between Q4 2005 and Q1 2006 is due to seasonal
fluctuations in quarterly performance. Traditionally, the first quarter
from January to March is a low season due to the long Lunar New Year
holidays in China. Revenue and income from operations tend to be higher
in the fourth quarter due to year-end holiday promotions.
-- For Q2 2006, the Company expects that total revenues will be between
$14 and $15 million.
-- For Q2 2006, the Company expects that net income will be between $1.0
million and $1.2 million, or about $0.10 to $0.12 per share.
-- PacificNet's strategy in 2006 is to capture market share and top-line
growth in the VAS, IVR and CRM market in China while enhancing profit
margins.
-- The Company expects continued revenue and profit growth in 2006 through
organic growth and accretive acquisitions in the VAS, IVR and CRM
market in China.
PacificNet's Form 10K and other filings with the SEC.
Contact:
PacificNet USA office: Jacob Lakhany, Tel: +1-605-229-6678
PacificNet Beijing office: Ada Yu, Tel: +86 (10) 64954330 ext 158
23/F, Tower A, TimeCourt, No.6 Shuguang Xili, Chaoyang District,
Beijing, China 100028
CEOcast, Inc. for PacificNet
Ed Lewis, 212-732-4300
SOURCE PacificNet Inc.
Jacob Lakhany of PaficNet, +1-605-229-6678
17Apr06 11:59 GMT
Symbols:
de;CV7 de;CV7F de;CV7S de;CV7X us;PACT
Source PRN PR Newswire
(NASDAQ:FUEL)Streicher Mobile Fueling, Inc. Announces the Opening of a New Operating Location Serving the Port of Savannah, Georgia; Fifth Largest Container Port in the US in 2005
FORT LAUDERDALE, Fla.--(Business Wire)--March 15, 2006--
Streicher Mobile Fueling, Inc. (NASDAQ:FUEL) (the
"Company"), a leading provider of petroleum product distribution
services, transportation logistics and emergency response services to
the trucking, construction, utility, energy, chemical, manufacturing
and government service industries today announced that it has
established a permanent operation in the Port of Savannah, Georgia
area, a strategic crossroads for the Company's customers traveling the
busy I-16 and I-95 corridors into the port and points in northern
Florida.
Richard E. Gathright, President and CEO, commented, "The Port of
Savannah operation is a strategic addition to the Company's service
network and its current operations in Atlanta, Georgia and
Jacksonville, Florida. We have been studying the Port of Savannah for
some time and decided that, based on the rapid growth of the market
and requests from current and prospective customers, this was an
opportune time to open this location."
"The Port of Savannah is one of the busiest and fastest growing
waterborne freight gateways for international shipments in the world,
handling well over 2.7 million TEU's (twenty-foot equivalent, a
container measurement standard) in 2005 and making it the fifth
largest container port in the United States in 2005. Its proximity to
two major interstates, 14 million square feet of retail distribution
and warehousing space, a logistics friendly local government and
workforce, and service by two major railroads (CSX and Norfolk
Southern) are all compelling reasons for companies to relocate to the
area."
Gathright concluded, "The opportunity to grow business with our
current customers is always compelling and one of the cornerstones of
our business plan for organic growth. Petroleum products are one of
the largest import items at the Port of Savannah, which coupled with
the increasing container movements through the Port, create an
enormous upside procurement and distribution opportunity for the
Company.
About Streicher Mobile Fueling, Inc. (NASDAQ:FUEL)
The Company provides commercial mobile and bulk fueling; the
packaging, distribution and sale of lubricants and chemicals;
integrated out-sourced fuel management; transportation logistics and
emergency response services. Our fleet of custom specialized tank
wagons, tractor-trailer transports, box trucks and customized flatbed
vehicles deliver diesel fuel and gasoline to customers' locations on a
regularly scheduled or as needed basis, refueling vehicles and
equipment, re-supplying fixed-site and temporary bulk storage tanks,
and emergency power generation systems; and distribute a wide variety
of specialized petroleum products, lubricants and chemicals to
refineries, manufacturers and other industrial customers. In addition,
our fleet of special duty tractor-trailer units provides heavy and
ultra-heavy haul transportation services over short and long distances
to customers requiring the movement of over-sized or over-weight
equipment and manufactured products. The Company conducts operations
from 29 locations serving metropolitan markets in California, Florida,
Georgia, Louisiana, Maryland, North Carolina, Pennsylvania, Tennessee,
Texas, Virginia and Washington, D.C. More information on the Company
is available at http://www.mobilefueling.com.
Streicher Mobile Fueling, Inc., Fort Lauderdale
Robert W. Beard, 954-308-4200
Copyright Business Wire 2006
15Mar06 20:07 GMT
Symbols:
de;WSF us;FUEL
Source BW Business Wire
LVLT worth watching, Level 3.... News today.
SWN and GG showing some premarket activity.
FMDAY warming up slightly.
FLEX B/A 11.02 to 11.05 from a close of 10.78
BDCO starting early with some volume and new highs reached.
Happy Mondays... We'll watch the premarket on all of the new and old stock choices and notify.
(OTC:ABZT), Ablaze Technologies Announces Record First Quarter Sales and Profitability
Ablaze Technologies, Inc.a results oriented internet marketing & trading company, announced today that it once again achieved record sales and profitability for the previous quarter ending March 31, 2006.
Gross Revenue for the first 3 months of 2006 reached $5,021,552 with a gross profit of $3,794,397. Advertising and marketing expense was the Company's biggest outlay at $1,841,245, while general and administrative expenses remained relatively low at only $185,016. Pre-tax income was $1,766,317, leaving after tax net earnings for the period at $1,086,217 or approximately $.01402/share on 77,500,000 total issued and outstanding shares.
The Company also maintained its debt free status and increased its shareholders equity to $3,632,272 for the period, including $1,227,968 cash on hand and approximately $1,426,798 in unrealized investment gains expected to be realized in future quarters. Darrel Uselton, CEO, stated: "Our financial performance for the quarter well exceeded our expectations and our previous guidance, yet we look forward to maintaining our growth for some time, all the while sustaining significant profitability."
Nearly all the Company's growth for the first quarter was generated by its OTC Services, Inc. unit, which operates an online investment news network, as well as provides numerous comprehensive, web-based marketing services primarily to public companies, assisting in brand marketing and investor relations initiatives for those clients. The Company typically receives cash and/or marketable securities as fee income for services, and often participates in structured financing transactions with those public company clients as well.
(OTCBB: CIRT), CirTran Reports Record Sales, Strong Overall Improvement in 10-K Filing
CirTran Corp. an international full-service contract manufacturer of IT, consumer and consumer electronics products, today filed Form 10-KSB for the year ended Dec. 31, 2005, reporting record sales and what its founder and president called "a strong overall improvement."
CirTran reported net sales of $12,992,512, an increase of 46.6% as compared with $8,862,715 for fiscal 2004. The company also reported a 243% improvement in gross profit, growing to $6,248,288 from $1,818,781, while trimming losses by 20% to $527,708 from a loss of $658,322 in fiscal 2004.
(OTC: HMWM)HumWare Media Corp Announces Agreement With Red & Jerry's -- the Largest Sports Bar in the World
HumWare Media Corporation, today announced the signing of an agreement to deploy the Boondoggle Sports the Largest Sports Bar in the World.
"We think this is a great way to increase our early week business, entertain and keep patrons in their seats longer," commented Bob Pfaff, Director of Marketing and Special Events at Red & Jerry's.
"We are thrilled to add such a quality high-end establishment to the network," stated John Huemoeller, CEO of HumWare. "With additions such as Red & Jerry's, it won't be long before Boondoggle Sports Network is a household name."
The patent pending BSN offers the hospitality industry free entertaining sports trivia, interactive games and fantasy sports contests that are delivered via the Internet and displayed on television monitors inside the venue. For advertisers, BSN provides affordable local, regional and national advertisements targeting the elusive 21-49 year old demographic while they are relaxing in their favorite establishment. The network's ad model is a hybrid of television, digital signage, bathroom and movie theatre advertising.
HumWare is rolling out Boondoggle by licensing exclusive local territories in the top 108 markets in the U.S. and Canada. Local licensees deploy the free network to create a local footprint. Each venue established represents an instant inventory of 40 full motion flash, 15-second ads with 24 reserved for local advertisers, 12 for national and 4 for each establishment. Frequency is also provided to advertisers, as each ad is delivered every 30 minutes, 30 times a day or 900 times per month on average, based on an establishment's 15 hour day.
United Marketing Solutions Announces Expansion Into Baltimore
SPRINGFIELD, Va. and BALTIMORE, April 17 /PRNewswire-FirstCall/ -- United Marketing Solutions, Inc. (http://www.unitedol.com), a wholly owned subsidiary of Next Generation Media Corporation (OTC Bulletin Board: NGMC), a national leader in the $50 billion direct mail industry and in franchising, today announced it is expanding into Baltimore, Maryland, and is seeking candidates for its franchise in that city.
'For approximately $60,000, less than the cost of high overhead retail franchises that require inventory, leasing retail space, and employees, a candidate could develop a sound business, providing them independence and a strong road map to be where they want to be financially within five years,' said Donald Averitt, Vice President Franchise Development. 'We are looking for candidates with people skills, professional appearance, and work-related experience who can follow a successful training program, who are not willing to settle for a 40-hour a week job, and who want a better lifestyle.'
Mr. Averitt will be available at the 2006 Maryland Franchise Expo on April 20th from 2 p.m. to 7 p.m. at the BWI Marriott, 1743 West Nursery Road, Linthicum Heights. To register, visit: www.sbdcmdcentral.info .
Mr. Averitt said 'franchises sold by United Marketing Solutions can enjoy a rapid ramp-up. Because there is no inventory, no employees to hire initially, and no retail space to lease, the franchise's overhead is low, allowing it to attain profitability more quickly than traditional retail franchises. We are especially strong in the mid-Atlantic and the Northeast and are looking to add locations to our existing national network at present.' The United Marketing Solutions franchise development head said the Company offers 'a part of a $50 billion industry that keeps growing and succeeding, no layoffs, and a chance to build something significant for your children.'
Besides Baltimore, United Marketing Solutions said it is also seeking expansion candidates in Charlotte, Raleigh, several counties in New Jersey, Charleston, Columbia and Greenville/Spartanburg, South Carolina and elsewhere in the U.S.
Established in 1997, Next Generation Media Corporation, through its wholly-owned operating subsidiary, United Marketing Solutions, Inc., provides direct marketing products to a network of franchisees. These operate within exclusive territories. Products sold to small and medium sized businesses, service providers and professionals such as dentists, physicians and real estate agents include cooperative direct mail advertising, coupon booklets, image booklets, mailings to new families in any market, a restaurant marketing kit, and products for special events and grand openings.
The Ethanol Promotion and Information Council (EPIC) Joins the CityHome(TM) Program
O2Diesel Corporation (AMEX: OTD) today announced that EPIC had joined the CityHome(TM) program. EPIC (www.drivingethanol.org) is an alliance of ethanol producers and industry leaders who have come together to create a consistent, positive message and identity for ethanol. EPIC's goal is to reach consumers and key influencers across the country and educate them on the performance and environmental benefits of using an ethanol-enriched fuel as a renewable energy.
By embracing the CityHome challenge, EPIC can continue to show that the benefits of ethanol are not limited to gasoline. Making diesel fuel perform as efficiently as possible, while being good stewards of the environment, are critical goals for industry and government. It is a natural fit for EPIC to support the CityHome initiative using O2Diesel(TM), a cleaner burning ethanol diesel blend.
CityHome is a major national clean air initiative designed to create a better quality of life for city residents by improving urban air quality. It allows the public transportation systems and school bus to significantly reduce diesel emissions by burning O2Diesel(TM) fuel at no additional cost to the transit systems.
"After successful programs in the Midwest and more to come, the E-Diesel challenge allows EPIC to show visible benefits to the communities. When buses are producing less black smoke, particulate matter, carbon monoxide and other ozone-forming pollutants, people who live in cities where CityHome is in place breathe easier and enjoy a better quality of life immediately. The impact can be felt across many aspects of daily life including exercise, nutrition, overall health and encouraging social responsibility," said Tom Slunecka, Head of EPIC organization.
EPIC will support the CityHome program by integrating E-Diesel information in the global marketing message and education process of the industry as well as improving the cost effectiveness of existing and new programs. An immediate program is to support the CityHome initiative in Nebraska and particularly the school bus opportunity.
"Reducing emissions on school buses has become a national focus, and we are proud to be associated to the CityHome challenge in Nebraska," said Slunecka. "We hope that our support will help CityHome expansion and will be joined by other large corporations. The ethanol industry is going through an exciting time, and E-Diesel is a part of our country's global challenge to reduce dependence on foreign oil imports and doing so while providing a better quality of life for our citizens."
"We are very pleased to have EPIC join the CityHome program," said Alan Rae, CEO of O2Diesel Corporation. "They have been very successful in increasing the public's awareness of the benefits provided to the environment, the economy and to energy security from the use of Ethanol as a fuel. To recognize CityHome and O2Diesel(TM) as contributors to that message is important for the company and says a lot for the advances we have made in the last twelve months to bring ethanol diesel blends to a wider commercial and public audience."
U.S. stock futures edge up, Citigroup posts profit
By Vivianne Rodrigues
NEW YORK, April 17 (Reuters) - U.S. stock index futures
indicated a slightly higher market open on Monday as Citigroup
Inc. <C.N> said first-quarter profit rose, renewing optimism
about corporate profits, but a jump in oil to $70 could weigh
on sentiment.
Citigroup. the largest U.S. bank and a Dow component, said
first-quarter profit rose 4 percent helped by increased revenue
from foreign operations.[ID:nWEN4597]
Other banks are expected to report results on Monday, with
earnings due from JPMorgan Chase & Co. <JPM.N>, Bank of America
Corp. <BAC.N> and Merrill Lynch & Co. <MER.N>.
Still, a rebound in oil prices may limit gains in stocks,
analysts said. Oil leapt to $70 a barrel for the first time in
seven and a half months on Monday, extending strong gains made
last week as tensions mounted between Iran and the West over
Tehran's nuclear ambitions. [ID:nSP27287]
"Earnings this week, starting with Citi, will probably come
on the strong side," said Peter Cardillo, chief market analyst
at SW Bach & Co. "But with oil near $70 a barrel and tensions
mounting in Iran, stock investors may focus on geopolitics and
not on corporate results."
S&P 500 futures <SPc1> were up 1.90 points, above fair
value, a mathematical formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration
on the contract.
Dow Jones industrial average futures <DJc1> were up 14
points, and Nasdaq 100 <NDc1> futures fell 1.25 point.
U.S. May crude <CLc1> oil futures traded up 42 cents at
$69.74 a barrel, having hit $70 earlier, the highest since
Hurricane Katrina battered the U.S. Gulf Coast in late August
last year to send futures to a record high of $70.85.
A flurry of earnings reports this week will come from tech
bellwethers Intel Corp. <INTC.O> and Apple Computer Inc.
<AAPL.O>, plus some big Internet names, such as Google Inc.
<GOOG.O>, Yahoo Inc. <YHOO.O> and eBay Inc. <EBAY.O>, will
report quarterly results this week.
Also on the corporate front, shares in Bear Stearns Cos.
<BSC.N> may be in focus on Monday. China Construction Bank
Corp. <0939.HK>, one of China's largest state-controlled banks,
said it was in early talks with Bear Stearns that could lead to
its taking a minority stake in the Wall Street securities firm,
the Wall Street Journal said on Monday. [ID:nN17236480]
When Wall Street wrapped up the holiday-shortened week on
Thursday, only the Dow Jones industrial average <.DJI> was
higher -- up 0.16 percent. The Standard & Poor's 500 Index
<.SPX> fell 0.49 percent, while the Nasdaq Composite Index
<.IXIC> ended the week down 0.55 percent.
17Apr06 11:02 GMT
Symbols:
ch;INTC de;APC de;APCS de;BST de;BSTF de;BSTX de;EBA de;EBAF de;EBAS
de;EBAX de;GGQ de;GGQF de;GGQS de;INL de;MER de;MERF de;MERS de;MERX
de;NCB de;NCBF de;NCBS de;NCBX de;TRV de;TRVF de;TRVS de;TRVX de;YHO
fr;MRLL gb;ACP gb;BAC gb;CGP gb;EBA gb;GGE gb;ICO gb;YAH hk;4335 mx;AAPL
mx;GOOG mx;YHOO pe;YHOO US&DJI us;AAPL us;BAC us;BSC us;C us;COMP us;EBAY
us;GOOG us;INTC us;JPM us;MER us;SPL us;SPX us;VAA us;VNL us;YHOO xa;NFND
Source RTRS Reuters News
TABLE-PrivateBancorp <PVTB.O> Q1 earnings rise
April 17 (Reuters) -
PRIVATEBANCORP INC. <PVTB.O>
Latest Yr ago qtr
EPS (diluted, $/shr) 0.42 0.36
Net income ($ million) 9.0 7.6
Net int. income ($ million) 27.8 20.6
--The bank holding company said latest first-quarter
earnings per share include 2 cents of stock-based compensation
expense and that the year-ago first-quarter earnings per share
were restated to 36 cents from 37 cents as a result of 1 cent
of stock-based compensation expense.
--The company said reported results for the first quarter
of 2006 include the financial results of PrivateBank -
Michigan, which was acquired on June 20, 2005.
--For the latest first quarter, analysts on average had
expected the company to earn 42 cents a share, before
exceptional items, according to Reuters Estimates.
(Reporting by Devidutta Tripathy in Bangalore)
(17Apr06 10:35 GMT
Symbols:
us;PVTB
Source RTRS Reuters News
U-Haul Names Chicago Top 2005 Destination
PHOENIX, April 14, 2006 (PRIMEZONE) -- U-Haul, celebrating 60 years of serving the do-it-yourself household moving industry, today released results of the 2005 U-Haul National Migration Trend Report titled "Top 50 U.S. Destination Cities
Report." According to moving data reflective of nationwide statistics for calendar year 2005, Chicago takes the No. 1 spot for the second year in a row, while Houston attained the second position, up from No. 4 from last year's ranking. Metro Los Angeles, Calif. ranked No. 3 for the second year in a row.
Sacramento, Calif. garnered fourth up one spot from last year's ranking and Orlando, Fla. followed with fifth place, down three spots from last year's ranking. Atlanta, Las Vegas, Phoenix, Denver and San Diego rounded out the top 10.
U-Haul Executive Vice President John "J.T." Taylor said, "Over the past 60 years U-Haul has a long and proud history of relocating Americans. Now more than ever, consumers are relying on U-Haul to provide affordable services. We are proud to
be able to offer an economical way for families to move."
The ranking reflects destinations for movers traveling more than 50 miles, and considers every city in the country, regardless of size. However, the data is not stated as a percentage of population and is not reflective of overall
growth.
The 2005 Top 50 U.S. Destination Cities Report was compiled from over 1.58 million U-Haul transactions occurring between Jan. 1 and Dec. 31, 2005.
U-Haul, based in Phoenix and celebrating its 60th year as the industry giant, has the largest rental fleet in the world with over 92,000 trucks and 73,000 trailers. U-Haul, the undisputed leader in the truck-and-trailer rental industry, is one of the industry's largest operators of self-storage facilities,
the world's largest installer of permanent trailer hitches and the world's largest single-brand Yellow Pages advertiser. For more information, visit www.uhaul.com.
Note to editors: The annual mileage of North American U-Haul trucks would move a family to the moon and back more than seven times per day, every day of the year.
U-Haul Top 50 U.S. Destination Cities*
January - December 2005
1. CHICAGO, Ill 26. AURORA, Ill.
2. HOUSTON, Texas 27. MESA, Ariz.
3. LOS ANGELES, Calif. 28. INDIANAPOLIS, Ind.
4. SACRAMENTO, Calif. 29. FORT WORTH, Texas
5. ORLANDO, Fla. 30. NEW ORLEANS, La.
6. ATLANTA, Ga. 31. COLUMBUS, Ohio
7. LAS VEGAS, Nev. 32. SAN FRANCISCO, Calif.
8. PHOENIX, Ariz. 33. AUBURN, Wash.
9. DENVER, Colo. 34. NASHVILLE, Tenn.
10. SAN DIEGO, Calif. 35. SEATTLE, Wash.
11. MIAMI, Fla. 36. NEW YORK CITY, N.Y.
12. PORTLAND, Ore. 37. TAMPA, Fla.
13. PHILADELPHIA, Pa. 38. FAYETTEVILLE, Ark.
14. BALTIMORE, Md. 39. TUCSON, Ariz.
15. SAN JOSE, Calif. 40. STOCKTON, Calif.
16. DETROIT, Mich. 41. BOSTON, Mass.
17. SAN ANTONIO, Texas 42. MEMPHIS, Tenn.
18. AUSTIN, Texas 43. VAN NUYS, Calif.
19. SAN BERNARDINO, Calif. 44. OKLAHOMA CITY, Okla.
20. DALLAS, Texas 45. BIRMINGHAM, Ala.
21. JACKSONVILLE, Fla. 46. JOLIET, Ill.
22. KANSAS CITY, Mo. 47. TULSA, Okla.
23. RICHMOND, Va. 48. DALLAS, Texas
24. FORT LAUDERDALE, Fla. 49. ALLENTOWN, Pa.
25. CHARLOTTE, N.C. 50. SAINT LOUIS, Mo.
* Data compiled from over 1.58 million transactions
from January - December, 2005.
-0-
CONTACT: U-Haul International, Inc.
Joanne Fried, Director Media and Public Relations
Ashleigh Wagner, Media and Public Relations Specialist
(602) 263-6194
publicrelations@uhaul.com
14Apr06 20:04 GMT
Symbols:
de;AUK us;UHAL
Source PZM PrimeZone Media
GLOBAL MARKETS-Jump in gold, oil weigh on Asian share markets
By Ken Wills
SINGAPORE, April 17 (Reuters) - Gold climbed more than $6 an
ounce to its highest level in 25 years, and oil rose to within a
dollar of its record as investors fretted on Monday about
inflaton and mounting tension over Iran's nuclear ambitions.
The surge in commodities and energy prices helped to push the
biggest Asian share markets lower. Japanese banks and electronics
firms, such as Tokyo Electron Ltd. <8035.T>, contributed to the
declines ahead of earnings reports from top U.S. technology and
financial companies later in the week.
The dollar eased, while crude oil <CLc1> gained, briefly
hitting $70 a barrel and holding to within a dollar of the
all-time high of $70.85 set on Aug. 30. Oil last traded at
$69.86, up 54 cents.
"The drama over Iran's face-off with the West, the rise of
insurgency in Nigeria and gasoline supply concerns in the U.S.
ahead of the driving season are keeping a high floor under oil,"
said Victor Shum at consultancy Purvin & Gertz in Singapore.
Fund managers and other investors shifted money into gold,
often considered a hedge against inflation, lifting it to a
25-year high of $606.10 an ounce. Dealers cited tensions over
Iran's nuclear ambitions and high oil prices as catalysts for the
buying.
A U.S. think tank said over the weekend that Iran has
expanded its uranium conversion facilities and reinforced an
enrichment plant. Days earlier, The New Yorker magazine reported
that Washington was exploring the option of using tactical
nuclear weapons to knock out Iran's underground sites.
FINANCIAL STOCKS STUMBLE
In Tokyo, the benchmark Nikkei average <.N225> closed down
1.35 percent, with investors punishing companies such as shipping
firm Kawasaki Kisen Kaisha Ltd. <9107.T> that are expected to
show disappointing profits.
Banks and other financial firms were among the hardest hit.
Shares of the country's biggest consumer lending firm, Aiful
Corp. <8515.T>, fell 6.8 percent in a second declining session
after regulators punished it for coercive loan collection
methods.
South Korea's main index <.KS11> touched an all-time high of
1,436.65 but closed down 0.7 percent.
Shares of Samsung Electronics Co. Ltd. <005930.KS> fell 1.07
percent after top brokerages downgraded their forecasts for the
world's biggest maker of memory chips but predicted a turnaround
in earnings by the second half of the year. [nSEO346616]
LG Electronics Inc. <066570.KS> fell 1.66 percent ahead of
its quarterly results on Wednesday.
Bucking the downward trend, Singapore's index <.STI> added
0.2 percent and Taiwan's benchmark index <.TWII> gained 0.68
percent to a new 25-month closing high at 7,000.09. Those gains
helped lift MSCI's index of non-Japan Asian shares <.MSCIAPJ> 0.7
percent.
Chinese President Hu Jintao sparked hopes of improved
economic ties by calling for talks between China and Taiwan "as
soon as possible".
Hong Kong, Australia and New Zealand were closed for a
holiday and will reopen on Tuesday.
U.S. DOLLAR LOWER
The U.S. dollar edged lower in thin trade, with dealers
citing an article in the Wall Street Journal suggesting Federal
Reserve officials are not convinced they need to keep raising
interest rates beyond an expected move in May.
The Fed has lifted rates 15 straight times to 4.75 percent
and is widely expected to bump rates up to 5 percent at its next
policy meeting in May.
The dollar traded near 118.24 yen <JPY=> from around 118.70
in Tokyo trade on Friday, while the euro rose to around $1.2180
<EUR=> from near $1.2110.
At 0607 GMT, gold <XAU=> was trading at $605.80/606.60,
compared with Friday's late Asia level of around $599.30. Both
London and New York markets were closed on Friday.
Investors will get a snapshot of U.S. inflation in March,
with the U.S. Producer Price Index due on Tuesday and the U.S.
Consumer Price Index on Wednesday. On the U.S. earnings calendar, companies scheduled to report
this week include Intel Corp. <INTC.O>, Apple Computer Inc.
<AAPL.O>, Google Inc. <GOOG.O>, Yahoo Inc. <YHOO.O>, Citigroup
Inc. <C.N> and JPMorgan Chase & Co. <JPM.N>.
17Apr06 06:55 GMT
Symbols:
ch;INTC de;AAU de;AAUF de;AAUS de;AAUX de;APC de;APCS de;GGQ de;GGQF
de;GGQS de;INL de;KLI de;KLIF de;KLIX de;TKY de;TKYF de;TKYS de;TKYX
de;TRV de;TRVF de;TRVS de;TRVX de;YHO gb;ACP gb;CGP gb;GGE gb;ICO gb;TKY
gb;YAH hk;4335 hk;HSI jp;8035 jp;8515 jp;9107 jp;N225 jp;N300 jp;NIKI
jp;NIKO kr;KSPI mx;AAPL mx;GOOG mx;YHOO pe;YHOO sg;STII tw;IXTA us;AAPL
us;AIFL us;C us;GOOG us;INTC us;JPM us;KAKK us;VAA us;VNL us;YHOO
Source RTRS Reuters News
(OTCBB:GNOLF) Genoil Inc. April 17, 2006 - 06:00:13 ET
Interview with Genoil CEO, David Lifschultz, on CBC Radio Show
CALGARY, ALBERTA--(CCNMatthews - April 17, 2006) - Genoil Inc. (TSX
VENTURE:GNO)(OTCBB:GNOLF) -
Genoil Chairman and Chief Executive Officer, Mr. David Lifschultz, has been
interviewed by CBC Radio Show, Business Network. The interview will air
throughout Canada on CBC Radio One Tuesday, April 18, 2006, during The
Business Network's broadcast starting at 5:45 AM. The Business Network's 15
minute regular news report features CEO interviews and the latest business
trends.
In this interview, Mr. Lifschultz discusses his thoughts on the energy market
and the impact of the GHU technology, as well as the deal with the Chinese
refinery Hebei Zonghie, other Genoil's projects and the company's background.
About The Business Network:
Airs weekdays, 5:45 a.m. - 6:00 a.m. on CBC Radio One.
The Business Network is the only CBC Radio program dedicated to business in
Canada and the world. Pooling the talents and resources of National Radio News
and Current Affairs, it delivers thoughtful, intelligent stories - the stories
behind the endless parade of market numbers. The 15 minute program features a
daily digest of business news and personalities.
About CBC/ Radio Canada
CBC/Radio-Canada is Canada's national public broadcaster and one of its
largest cultural institutions. It reaches Canadians through eight national
radio and television networks, its full-service web sites, local/regional
stations and affiliates, as well as the digital television channel Country
Canada, and the continuous music network Galaxie.
Genoil is a technology development company providing solutions to the oil and
gas industry through the use of proprietary technologies. The Genoil
Hydroconversion Upgrader can economically convert heavy crude oil into more
valuable light synthetic crude, high in yields of transport fuels, while
significantly reducing the sulphur, nitrogen and other contaminants in the
oil. Genoil's shares are listed on the TSX Venture Exchange under the symbol
GNO, as well as on the OTC Bulletin Board under GNOLF.OB.
FOR FURTHER INFORMATION PLEASE CONTACT:
Genoil Inc. David Lifschultz Chairman and CEO (212) 688-8868 Website:
www.genoil.net
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein.
17Apr06 10:00 GMT
Symbols:
ca;GNO de;GNG us;GNOL
Source CCN CCNMatthews
MDG List for Weekending 4/21/2006...
Stocks----------Week Rally %
-----------------------------------
axxx-------------1566.0%
fxxxx-------------578.0%
ixxx--------------237.5%
txxxx-------------166.0%
vxxx--------------160.0%
----------------------------------
Avg Weekly % for last week = 541%
Objective for 4/21 = 25%
Willikers
Thanks for that.
Whew, work work work.
Yes but the public elected him president so they brought that on themselves arguably.