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"A stitch in time save nine": if you have a hole in your argument, plan, design, etc.
if you get to it quickly to sew it, you'd only have to use a few stitches. If you procrastinate, the hole will get bigger and you'll need more stitches.
3 entries found for hullabaloo.
hul·la·ba·loo also hul·la·bal·loo ( P ) Pronunciation Key (hl-b-l)
n. pl. hul·la·ba·loos
Great noise or excitement; uproar. See Synonyms at noise.
--------------------------------------------------------------------------------
[Alteration of obsolete hollo-ballo, probably from holla, hello. See hello.]
Heres a nickel, heres a dime how much will it cost for all this time. he he he he he he.
UP at 4:20 am... not sure what the hollabaloo is about.
One more story before bedtime...
REUTERS UPDATE 4-France's Alcatel to buy Lucent for $13.4 bln
(Adds Thales comment, details)
By Sudip Kar-Gupta and Jessica Hall
PARIS/PHILADELPHIA, April 2 (Reuters) - French
communications-equipment maker Alcatel said on Sunday it would
buy smaller U.S. rival Lucent Technologies Inc. for $13.4
billion to gain market heft and broaden its product mix.
Together, the companies would have total revenue of $25
billion (21 billion euros), roughly matching current industry
leader Cisco Systems Inc. <CSCO.O>. They would also wield
greater clout to negotiate prices with customers and enjoy a
broader research and development base.
"Competition is increasing and size and scale really
matter," Lucent <LU.N> Chief Executive Patricia Russo told
analysts and reporters on a conference call, adding that the
prospect of joining the companies' research and development
muscle helped to cinch the deal.
Russo, 53, will serve as CEO of the combined Paris-based
company, although she does not speak French.
The transaction, which analysts said could trigger other
mergers throughout the equipment sector, comes five years after
Lucent and Alcatel first discussed a merger. Talks broke down
in 2001 after Lucent balked at the idea of a takeover, rather
than a so-called "merger of equals."
Alcatel <CGEP.PA> <ALA.N> would now own 60 percent of the
combined company, whose name has yet to be determined. It
expects the deal to boost earnings per share in the first year,
excluding restructuring charges.
JOB CUTS
The companies plan to cut about 10 percent of their
combined work force, or about 8,800 jobs. Alcatel Chairman and
Chief Executive Serge Tchuruk would be nonexecutive chairman.
"The question for Alcatel/Lucent is, can they put this
company together without a lot of integration risks?" UBS
analyst Nikos Theodosopoulos said.
With the deal, Lucent would gain a stronger partner after
struggling to cut costs and restructure following the loss of
business after the burst of the Internet bubble, analysts
said.
Alcatel, which has expertise in high-speed digital
subscriber line (DSL) technology, would gain Lucent's dominance
in wireless technology and contracts with big carriers such as
Verizon Communications <VZ.N>.
Alcatel also gets Bell Labs, Lucent's historic research
arm, which is responsible for technological inventions ranging
from transistors and lasers to cellular telephone technology,
data networking and communications satellites.
The companies expect the deal to close in six to 12 months,
but analysts said the French and U.S. governments will likely
scrutinize the structure of the transaction to ensure that each
firm's sensitive military contracts are protected.
NATIONAL SECURITY
Lucent said it would create an independent unit that would
run some some U.S. government work. The subsidiary would be
separately managed by a board composed of three U.S. citizens
"acceptable to the U.S. government," Russo said.
Analysts said exactly what would go into that subsidiary is
likely to be open for debate, as well as a review by the
Committee on Foreign Investment in the United States (CFIUS),
which must clear foreign acquisitions of U.S. companies.
Lucent's government work includes an advanced
communications system for the Defense Advanced Research
Projects Agency, the Pentagon's technology incubator.
"I don't think there's any rational reason for anyone to
oppose this deal. But rationality and politics are two
different things. It doesn't mean that this deal doesn't become
a political football," said Stephen Kamman, an analyst with
CIBC World Markets.
Several recent deals with international companies have
raised national security concerns among U.S. lawmakers. Most
recently, state owned Arab company Dubai Ports World agreed to
transfer operation of six U.S. port terminals to a U.S. entity
to defuse a political firestorm.
DISCOUNT PRICE
Under the terms of the deal, Lucent shareholders will
receive 0.1952 of an ADS (American Depositary Share) of Alcatel
for every common share of Lucent that they currently hold.
The deal values Lucent at about $3.01 per share, or
slightly below its closing stock price of $3.05 on the New York
Stock Exchange Friday.
Despite that discount, Lucent Chief Financial Officer John
Kritzmacher called the deal "fair and equitable." The price
reflects a 6.7 percent premium over the price of Lucent's stock
before news of the merger talks first emerged 10 days ago.
The price also values Lucent at about 17 times projected
earnings, which is below the industry average of about 22
times.
Analysts said the deal could force rivals to add more sales
staff, revamp their product lines or consider mergers as a way
to cut costs.
"I think everybody's thinking about what they want to do
when they grow up," CIBC's Kamman said. "This is going to drive some more soul-searching."
SATELLITE COMPLICATIONS
The Alcatel-Lucent deal has been partly complicated by
Alcatel's desire to transfer its satellite unit to France's
Thales SA <TCFP.PA> in exchange for a larger stake in Europe's
biggest defense electronics company. The move is aimed placing
Alcatel's sensitive civil and military satellite projects under
control of a French entity.
Meanwhile, Franco-German Airbus parent EADS <EAD.PA> has
campaigned to be allowed to contribute its own satellite unit
in return for a Thales stake and shared power with Alcatel.
Thales said its board would meet on April 4 and look at the
"complementary" proposals from both Alcatel and EADS.
Alcatel shares closed down 1.5 percent at 12.77 euros on
Friday. Its ADS closed at $15.40, off 31 cents, or 2 percent.
(Additional reporting by Michele Gershberg and Robert
MacMillan in New York, and Jean-Michel Belot in Paris)
($1=.8254 Euro)
Quadrillions of functions per month indicating semis fab capacity ? Quantity the only measure ? not functionality? A switch to design related measures for capacity and function would be interesting.... Just a glance anyways.
Looking for the latest successfull semiconductor designs in Japan.
Resources:
http://www.internationalbusinessstrategies.com/page/IBS/PROD/34250509?referrer=gad0509
http://e-conomy.berkeley.edu/conferences/9-2000/EC-conference2000_papers/leachman.pdf
Well the point is that the search engines are working well ( I use Ask.com ) for finding info on semicons. (books and/or white papers ). Thanks to UCal Berkeley for this report, a bit dated but informative. It is great when you can access market & business strategy information online like that.
Good info for dd on semis related stocks.
HANS up around 4500% from June 2003 definately worth the wait on that one.
(Nasdaq: IPII) Imperial Announces Record Annual Earnings for Year 2005 and Fourth Quarter 2005 Results, 11th Consecutive Profitable Quarter Annual and Fourth Quarter EPS Increases 31.4% and 47.4%, Respectively.
POMPANO BEACH, Fla., March 31 /PRNewswire-FirstCall/ -- Imperial Industries, Inc. (Nasdaq: IPII) announced today the results of operations for the year and fourth quarter ended December 31, 2005.
Net sales for the year ended December 31, 2005, were $72,254,000, compared to $55,268,000 in 2004, an increase of 30.7%. For the year ended December 31, 2005, the Company derived net income of $3,413,000, or $1.34 per diluted
share, compared to $2,466,000, or $1.02 per diluted share, for 2004, a per share increase of 31.4%. Year 2005 was the Company's most profitable in the last 25 years.
Net sales for the fourth quarter of 2005 were $20,151,000, compared to $15,385,000 for the same period in 2004, an increase of 30.9%. Net income for the fourth quarter of 2005 was $732,000, or $.28 per diluted share, compared
to $463,000, or $.19 per diluted share, for the prior year period, a per share increase of 47.4%.
SOURCE Imperial Industries, Inc.
Howard L. Ehler, Jr., Chief Operating Officer, Imperial Industries, Inc.,
+1-954-917-7665
31Mar06 20:05 GMT
Symbols:
de;RK5 de;RK5F de;RK5X us;IPII
Source PRN PR Newswire
DGKO & STTK also looking good IMOP. ( for what its worth ).
AVST & VCSY are looking pretty good, no ?
Monday April 03, 2006 MDG Momentum ( New Method )
(1.) Kxxx - In at .0850
(2.) Ixxx - In at 2.35
(3.) Gxx - In at 33.34
(4.) Sxxx - In at 0.62 (carry over)
(5.) Hxxx - In at 11.50
------------------------------
Share Counts
Mock investment
----------------
(1.) 4700
(2.) 170
(3.) 12
(4.) 645
(5.) 35
There this should be simple, but effective ? We'll see by Friday.
Ok the 5 stocks are picked... wish me luck.
Ok time to settle on 5 stocks......
I am going to the grocery store to find some Hansens Monster Energy Drinks. <chuckle>. ( and I need dishwashing soap... grrrr, cant STAND washing dishes ).
HANSENS newest Press Releases indicate:
Hansen Natural Corporation Reports Record Financial Results for 2005 Year; Net Income Triples; Net Sales up 93%
CORONA, Calif.--(Business Wire)--March 9, 2006--
Hansen Natural Corporation (Nasdaq:HANS) today announced
record sales and profits for the year and fourth quarter ended
December 31, 2005.
For the 2005 year, gross sales rose 85.4 percent to $415.4 million from $224.1 million in 2004. Net sales for 2005 increased 93.5 percent to $348.9 million from $180.3 million in the prior year. Operating income grew 205.3 percent in 2005 to $103.4 million from $33.9 million a year ago. Net income advanced 207.9 percent to $62.8 million, or $2.59 per diluted share, from $20.4 million, or $0.86 per diluted share, a year ago.
Rodney C. Sacks, chairman and chief executive officer, said the record sales and profits for 2005 were primarily attributable to substantially increased sales volumes of the company's Monster Energy(R) drinks and, to a lesser extent, of Lost(R) energy drinks and Joker Mad Energy(TM) drinks. Increased sales volumes of apple juice and apple juice blends also contributed to the record sales. He added that the increase in sales was partially offset by decreased sales
volumes primarily of Hansen's(R) Natural Sodas, Hansen's energy
drinks, Energade(R) and Smoothies in cans.
Gross profit as a percentage of net sales for the year rose to 52.3 percent from 46.3 percent in 2004, primarily due to increased sales of higher margin Monster Energy(TM) and Lost(R) energy drinks. Selling, general and administrative expenses as a percentage of net sales were lower than in the previous year.
For the 2005 fourth quarter, gross sales rose 83.9 percent to $113.6 million from $61.8 million a year earlier. Net sales increased 94.7 percent to $98.0 million from $50.3 million in 2004. Operating income increased to $29.8 million from $11.9 million a year ago. Net income increased to $18.4 million, or $0.75 per diluted share, from $7.3 million, or $0.31 per diluted share, in the comparable period in 2004.
The increase in net income for the fourth quarter compared with the prior year period was primarily attributable to the substantial increase in sales volumes of Monster Energy(TM) drinks.
Sacks also said that sales of Monster Energy(TM) "Khaos" energy
drinks was encouraging.
Hansen Natural Corporation markets and distributes Hansen's(R)
Natural Sodas, Signature Sodas, fruit juice Smoothies, Energy drinks, Energade(R) energy sports drinks, E20 Energy Water(R), Sparkling Lemonades and Orangeades, multi-vitamin juice drinks in aseptic packaging, Junior Juice(R) juice, iced teas, lemonades and juice cocktails, apple juice, cider and juice blends, Blue Sky(R) brand carbonated beverages, Monster Energy(TM) brand energy drinks, Lost(R) Energy(TM) brand energy drinks, Joker Mad Energy(TM) and Rumba(TM) brand energy drinks and Fizzit(TM) brand Powdered drink mixes. Hansen's can be found on the Web at www.hansens.com.
HANSEN NATURAL CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME
FOR THE THREE- AND TWELVE-MONTHS ENDED DECEMBER 31, 2005 AND 2004
(Unaudited)
----------------------------------------------------------------------
Three Months Ended Twelve Months Ended
December 31, December 31,
------------------------- --------------------------
2005 2004 2005 2004
------------ ----------- ------------ ------------
GROSS SALES(a) $113,570,741 $61,760,023 $415,417,282 $224,097,875
LESS:
Promotional and
other
allowances(b) 15,560,656 11,422,691 66,530,916 43,756,740
------------ ----------- ------------ ------------
NET SALES 98,010,085 50,337,332 348,886,366 180,341,135
COST OF SALES 46,066,902 25,346,905 166,343,118 96,874,750
------------ ----------- ------------ ------------
GROSS PROFIT 51,943,183 24,990,427 182,543,248 83,466,385
OPERATING
EXPENSES:
Selling, general
and
administrative 22,127,457 13,063,306 79,029,837 49,507,137
Amortization of
trademarks 26,010 14,403 70,102 73,046
------------ ----------- ------------ ------------
NET INCOME PER
COMMON SHARE:
Basic $ 0.83 $ 0.34 $ 2.85 $ 0.96
============ =========== ============ ============
Diluted $ 0.75 $ 0.31 $ 2.59 $ 0.86
============ =========== ============ ============
NUMBER OF COMMON
SHARES USED IN
PER SHARE
COMPUTATIONS:
Basic 22,194,187 21,783,698 22,055,983 21,333,784
============ =========== ============ ============
Diluted 24,550,459 23,911,188 24,272,235 23,619,880
============ =========== ============ ============
(HANSEN NATURAL CORPORATION AND SUBSIDIARIES
CONDENSED BALANCE SHEETS
AS OF DECEMBER 31, 2005 AND 2004 (Unaudited)
----------------------------------------------------------------------
2005 2004
------------- ------------
ASSETS
------
CURRENT ASSETS:
Cash and cash equivalents $61,654,284 $3,676,119
Short-term investments 11,860,665 17,300,000
Accounts receivable, net 28,751,588 12,650,055
Inventories 31,399,628 22,406,054
Prepaid expenses and other current assets 477,237 638,967
Prepaid income taxes 637,794
Deferred income tax asset 5,505,264 3,708,942
------------- ------------
Total current assets 140,286,460 60,380,137
PROPERTY AND EQUIPMENT, net 3,742,958 2,964,064
INTANGIBLE AND OTHER ASSETS:
Trademarks, net 19,103,049 18,351,804
Deposits and other assets 757,215 326,312
------------- ------------
Total intangible and other assets 19,860,264 18,678,116
------------- ------------
$163,889,682 $82,022,317
============= ============
LIABILITIES AND SHAREHOLDERS' EQUITY
------------------------------------
CURRENT LIABILITIES:
Accounts payable $26,613,663 $14,542,753
Accrued liabilities 2,481,703 1,582,968
Accrued compensation 3,346,243 1,831,627
Current portion of long-term debt 515,221 437,366
Income taxes payable - 346,449
------------- ------------
Total current liabilities 32,956,830 18,741,163
LONG-TERM DEBT, less current portion 10,123 146,486
DEFERRED INCOME TAX LIABILITY 5,413,880 4,563,439
COMMITMENTS AND CONTINGENCIES - -
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 30,000,000
shares authorized; 22,607,128 shares
issued, 22,193,606 outstanding in 2005;
22,239,728 shares issued, 21,826,206
outstanding in 2004 113,036 111,198
Additional paid-in capital 19,917,748 15,757,942
Retained earnings 106,292,610 43,516,634
Common stock in treasury, at cost; 413,522
shares in 2005 and 2004 (814,545) (814,545)
------------- ------------
Total shareholders' equity 125,508,849 58,571,229
------------- ------------
$163,889,682 $82,022,317
============= ============
*T
Hansen Natural Corporation
Rodney C. Sacks, 951-739-6200
Hilton H. Schlosberg, 951-739-6200
or
PondelWilkinson Inc.
Wade Huckabee, 310-279-5980
Copyright Business Wire 2006
09Mar06 08:50 GMT
Symbols:
de;HNA us;HANS
Source BW Business Wire
New Billboard on Long Term Stock: Hansens with probably one of the most perfect pps curves on the markets, and incredible growth in revenues. Not a new company or concept and they are still able to make it profitable.
NEW STRATEGY: ( the Camera Lens focuses closer )
MDG LIST UPDATE: The MDG List WILL ONLY CONTAIN MOMENTUM STOCKS ( 5 THAT ARE ACTIVELY MANAGED DURING THE WEEK ) for 10% stop loss, and protect advances of over 25% that may be immediate ( ie. watch for reversals and sell on the reversal ). The ante will be raised per stock for 400 dollars per stock for a total of $ 2,000 dollar investment. These stocks will NOT be screened for 5 year charts but will use the 6 month, 1 month and 1 week charts to find momentum stocks that are advancing or accelerating in eps, pps, and volume. Recent news always helps but is not mandatory. Occasionally I MAY stumble upon a good long term stock in this process but rarely.
If the list needs help during the week single day intraday trades of fast gainers will be observed for a maximum of 3 stocks or days per week in and out.
Goooo MDG List... with 5 stocks active management will be easier to start.
Reasoning for changing strategy: Realization that the window is too small and the expectations for pps gains too large for it to work for the 80/20 stable to speculative stocks.
Get it ? Not too hard really...
Tools to find watch list new prospect stocks are also more easily available such as DD Machine, OTC Picks, The Stockster, Pink Sheets dot com, and Nasdaq, NYSE, and Amex's websites, as well as other third parties. Less Financials screening saves buku time as well.
NVAO finished Friday up 287%, for a nice one day gainer anyways.
Reminder: The only stocks that I was able to aquire through DD Machine were recent advancers, and it is not the best resource for finding the good "stable" stocks with long term eps, revenue, and good news.
Screening financials is the best for this. combining this with a 25% per week target is a "difficult task".
I will review the screened list of great eps, earnings stocks to look for recent building volume and advancing eps and see if the 25% is obtainable.
New Screening for MDG stocks. Starting at the 20 year chart level and looking for recent gainers and good long term charts that provide the 100% gains per month potential and higher. From a prospective list further digging for earnings/eps, news etc to help identify a more "stable" stock category for the MDG list 80/20 lists.
MDG results (cont.).
So 10% on 2500 would be 250 for the week, kinda light but it pays some bills anyways.
MDG 80/20 Results Adjusted for Stop Loss ( maximum if ideal )
------------------------------------------------------------------------
ONTV------0.51-----0.40---( - 21.6 % )-------( - 10.0 % )
SRLSQ-----2.10------3.70---( + 76.2 % )
XOMA-----2.33------2.24----( - 3.9 % )
XRTX------31.99----31.50---( - 1.5 % )
LBIX------2.60--------3.14---( - 20.8 % )-----(+ 25.0 % )
INT----39.60--------40.25----( - 1.6 % )
PXG----5.50-----------5.86----( + 6.5 % )
AEHR----5.11---------5.05----( - 1.1 % )
SWN-----32.33-------32.04----( - 0.9 % )
RSHN-----.0056-----.0074----( +35.7 % )
---------------------------------------------------------------------
5.4 % for the week. Therefore to make 1,000 dollars
initial investment would have to be 18,500 dollars.
500 dollars 10,000 or 250 dollars 5,000.
Adjusted 12.4% return
MDG Momentum
-------------------------
EGEI-----1.39------1.14----( - 18 % )----------( - 10.0 % )
XLPI-----.033------0.025---( - 24.2 % )-------( - 10.0 % )
GCOG----0.0675----0.058-----( - 14.1 % )---( - 10.0 % )
RPRN----1.10-------1.29-----( + 17.3 % )
STTK-----0.62-------1.02-----( + 64.5 % )
-------------------------------------------------------
+ 5.1 % so similar investments as above.
Adjusted 10.4 %
How to improve returns :
One possible management technique for these lists is:
Results analysis, Once 25% is obtained with a single winner sell out when it starts to go the other way to avoid drops, Dont allow any stocks to drop below 10%. Set a stop loss.
If that was done this week with these lists lets check how that would have helped the weekly return.
So the next post checks what the potential return is for this method.
MDG 80/20 Results in MOCK Capital Raising.
--------------------------------------------------
ONTV------0.51----0.40-----( - 21.6 % )
SRLSQ-----2.10----3.70-----( + 76.2 % )
XOMA------2.33----2.24-----( - 3.9 % )
XRTX-----31.99---31.50-----( - 1.5 % )
LBIX------2.60----3.14-----( - 20.8 % )
INT------39.60---40.25-----( - 1.6 % )
PXG-------5.50----5.86-----( - 6.5 % )
AEHR------5.11----5.05-----( - 1.1 % )
SWN------32.33---32.04-----( - 0.9 % )
RSHN-----.0056-----.0074---( +35.7 % )
---------------------------------------------------
5.4 % for the week.
MDG Momentum
---------------------------------------------
EGEI-----1.39------1.14------( - 18.0 % )
XLPI-----.033------0.025-----( - 24.2 % )
GCOG----0.0675----0.058------( - 14.1 % )
RPRN----1.10-------1.29------( + 17.3 % )
STTK-----0.62-------1.02-----( + 64.5 % )
---------------------------------------------
+ 5.1 % for the week.
Not on target with 25% but up anyways.
Well not "All" stocks above 5% but you know what I mean.
INTRADAY trading is different than the one week MDG list I might add. Gots ta build some capital for the intraday stuff.
What a one day winners list, some great intraday trading today.
(All stocks above 5% ).
NVAO
AVST
ARFR
AFFI
AMHD
VNBL
VSYS
HWYI
GFCI
VCSY
KWBT
RYQG
AMRE
ETLS
ECCI
PAPO
DPHIQ
ONTV
JYSR
NMKT
NANS
LTWV
STTK
IVHG
GCOG
NVAO not the easiest to read today but worth trading intraday thats for sure.
AFFI but seriously folks, the stock defies logic but it looks a little ....ok alot overextended so buying here for the MDG list is questionnable, however there are 2 slots for the speculatives like this so we'll look at it Sunday.
<SLB.N>,UPDATE 1-Schlumberger expects strong revenue growth
(Adds details)
NEW ORLEANS, March 20 (Reuters) - Schlumberger Ltd <SLB.N>,
the world's largest oil field services company, expects its
revenue growth to be in the mid to high teens to the end of the
decade, Chairman and Chief Executive Andrew Gould said on
Monday.
The company sees "no significant slowing of activity before
the end of the decade," Gould told the Howard Weil energy
conference.
"We expect our topline growth to average in the mid to high
teens ... to the end of the decade," he said.
Oil field service companies have posted strong revenue and
profit growth over the past two years as high energy prices
have prompted oil and gas producers to spend heavily to
increase output.
Schlumberger's revenues grew by nearly 25 percent in 2005
from the previous year to $14.31 billion.
Much of the growth would come in Russia, Gould said.
"Russia will remain the fastest growing area for
Schlumberger," he said. "We expect the growth we are currently
seeing in exploration and greenfield work continuing."
Schlumberger stock has risen about 37 percent so far this
year, far outpacing the 10.5 percent gain in the broader oil
service index <.OSX>. The shares were up 1.3 percent at $124.82
in early trading on Monday on the New York Stock Exchange
(20Mar06 15:16 GMT
Symbols:
ch;SLB de;SCL fr;SLB gb;SCL nl;SLB us;OSX us;SLB
Source RTRS Reuters News
This one is definately moving.
(OTCBB: SPRX) SpectRx Reports Fourth Quarter and Year-End 2005 Results SpectRx, Inc. (OTCBB: SPRX)
- This one "should" rebound soon, one would think -dsd
Current Highlights:
-- SimpleChoice(R) product availability expected to improve
-- Two clinical studies show non-invasive cervical cancer detection device reduces false positive results
-- SpectRx completes $1.9 million asset-based financing
SpectRx, Inc. (OTCBB: SPRX) today announced its unaudited operating results for the fourth quarter and year-end 2005.
Revenue for the fourth quarter of 2005 was $171,000, compared to revenue of $400,000 for the fourth quarter of 2004. Revenue for 2005 was $983,000 compared to $1.1 million for 2004.
AFFI IS On Fiyaaaaahhhhh....
(UNRG.OB) United Energy Corp. Announces Distribution Agreement With Champion Technologies Inc.
SECAUCUS, N.J., March 30 /PRNewswire-FirstCall/ -- United Energy Corp. (UNRG.OB) is pleased to announce it has recently entered into a non-exclusive Distribution Agreement with Champion Technologies Inc. (Champion) for the sale
and distribution of United's K-Line of patented specialty chemical solutions for the oil and gas industry. The Agreement does not provide for any specific minimum amounts to be purchased. Champion is the world's largest privately-
owned specialty chemical company dedicated to the oil and gas industry.
Headquartered in Houston, TX, Champion is a global supplier of proprietary specialty chemicals offering technical solutions to problems in the oil and gas industry since its inception in 1953. Champion has expertise in research and development, manufacturing and servicing of its products for oilfield and
related applications. Champion has over 1,500 experienced associates strategically located in sales and administrative offices in over 30 countries around the world.
Commenting on the news, United's CEO, Brian King stated, "We are extremely pleased to be in a business relationship with a company of Champion's record
of performance, reputation and innovation. The Champion Distribution Agreement represents a key milestone for United Energy in obtaining professional distribution channels for our K-Line of specialty chemical solutions for the oil and gas industry. We are confident this relationship with Champion will bring added-value to customers throughout the world."
United Energy Corp.(UNRG.OB), is headquartered in Secaucus, NJ, and is primarily engaged in the development and marketing of specialty chemical solutions for the oil and gas industry. The United K-Line of products have proven effective in stimulating oil well production, reducing viscosity and drag in pipelines and in recovering oil from sludge in storage tanks.
Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in the product and technology development, market acceptance of the new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, including changes in short-term interest rates and foreign currency fluctuations and other risk factors detailed in United
Energy's most recent periodic reports pursuant to the securities and Exchange Act of 1934 and other filings with the Securities and Exchange Commission.
United Energy Contact: Robert Guinta
(201) 842-0288
rguinta@unitedenergycorp.net
SOURCE United Energy Corp.
Robert Guinta of United Energy Contact, +1-201-842-0288,
rguinta@unitedenergycorp.net
30Mar06 13:22 GMT
Symbols:
us;UNRG
Source PRN PR Newswire
(OTCBB:URIX)Uranium Resources, Inc. Announces Sales Contract Restructure; Letter of Intent for Joint Venture in New Mexico; Update in South Texas Production and Exploration; Intention to Raise Capital; and Reverse Stock Split
LEWISVILLE, Texas--(Business Wire)--March 31, 2006--
Uranium Resources, Inc. (OTCBB:URIX) announced the
following significant corporate developments:
Sales Contract Restructure
The Company said that it has restructured its long-term sales
contracts with Itochu Corporation and UG USA, Inc., which supersede
all existing contracts, subject to certain conditions described below.
Each of the new contracts calls for delivery of one-half of the
Company's actual production from its Vasquez property and other
properties in Texas currently owned or hereafter acquired by the
Company with certain exceptions.
Under both restructured contracts the price will be market related
at the time of delivery less a discount ranging from 4% to $6.00 to
$7.50 per pound, depending on the source of the production. The Itochu
contract has a floor and ceiling under which the Company should
receive at least $30 per pound. The Company and Itochu have a sharing
arrangement with respect to market prices above the ceiling. The floor
and ceiling and sharing arrangement applies to the first 3.65 million
pounds of deliveries, after which there is no floor or ceiling and the
price will be a discount to then market prices. Itochu has the right
to cancel any deliveries on six-month's notice.
In consideration of UG's agreement to restructure its previously
existing contracts, the Company has agreed to pay UG $12 million in
cash by June 30, 2006, subject to the Company's ability to raise the
cash. The Company is actively seeking the required funding.
Under the old contracts, the Company was obligated to deliver an
aggregate of 600,000 pounds in each of the years 2005 through 2008,
and each buyer had the right to increase or decrease those deliveries
by 15%. The average price for such deliveries was $17.95 per pound in
2005 and was anticipated to have been $14.58 per pound in 2006. These
contracts were entered into at a time when the spot price for uranium
was less than $15 per pound, substantially below the $40.50 per pound
in effect as of March 25, 2006. Two other contracts with these buyers
called for aggregate deliveries of 645,000 pounds by December 31,
2007, priced at the spot price at the time of delivery less an average
of $3.80 per pound.
Uranium Resources, Inc., Dallas
Paul K. Willmott, 972-219-3330
or
Thomas H. Ehrlich, 972-219-3330
Copyright Business Wire 2006
31Mar06 16:54 GMT
Symbols:
de;UCC us;URIX
Source BW Business Wire
<DPHIQ.PK> REUTERS UPDATE 3-Delphi seeks to void labor contracts, cut jobs (Recasts to show motions have been filed, edits throughout, adds remarks from analysts, updates stock)
By David Bailey
CHICAGO, March 31 (Reuters) - Auto parts maker Delphi Corp.
<DPHIQ.PK> moved on Friday to void its U.S. labor contracts,
cut up to 8,500 salaried workers and close or sell a third of
its plants globally as it attempts to slash costs and
restructure in order to exit bankruptcy.
Delphi also said it would seek to end or renegotiate
unprofitable deals with its former parent company, General
Motors Corp. <GM.N>, which remains its largest customer.
The sweeping cuts were expected to be a key part of
Delphi's attempts to emerge from Chapter 11 bankruptcy
protection, and Delphi's chief executive said the company has
made recent progress in its talks with union leaders and GM.
Delphi, which plans to eliminate up to 40 percent of its
corporate officers, hopes to save about $450 million annually
through white-collar work force cuts.
The United Auto Workers warned it would be "impossible to
avoid a long strike" if Delphi eventually imposes wage and
benefit cuts. Strikes could quickly shutter Delphi's U.S.
operations and hobble GM at a time when the world's largest
automaker is hoarding cash and releasing key new models.
"It definitely ratchets up the pressure on everyone
involved -- sends the message that this is real -- (that this)
can't go on forever and provides a sense of urgency,"
Morningstar analyst John Novak said.
Delphi said it expects to close or sell its noncore plants
by 2008, identifying only eight of its 29 main U.S.
manufacturing sites as core. Products due to be phased out
include brake and chassis systems, cockpits and instrument
panels, and door modules and latches, among others.
The Troy, Michigan-based parts maker will focus instead on
growth areas in the automotive sector such as electronics,
navigation and safety. It will also look for business in the
medical systems, aerospace and telecommunications industries.
Delphi filed the motions around midday in bankruptcy court
in New York. If they are eventually granted, the company would
be able to impose contract terms on its unions, but Delphi said
it had no plans to exercise that authority immediately.
"There is room for an agreement," said Dave Cole, chairman
of the Center for Automotive Research, an industry research
organization. He added that it appears the parties still want
to reach a deal by mid-June.
HEARINGS TO START IN MAY
Delphi, which GM spun off in 1999, said hearings on the
labor motions would start May 9, but it remains in talks with
GM and its unions.
"Emergence from the Chapter 11 process in the U.S. requires
that we make difficult, yet necessary, decisions," Chief
Executive Steve Miller said.
Delphi last October sought bankruptcy protection to slash
wages and benefits of hourly workers and close a significant
number of plants to reverse losses in North America.
International units were excluded from the filing.
The company had said it needed at least the framework of an
agreement by Thursday with GM and the unions representing most
of its 34,000 U.S. hourly workers, or it would file the motions
on Friday.
Delphi made progress on one front, reaching a basic
agreement that could make up to 17,000 blue-collar workers
retirement-eligible and allow another 5,000 to return to GM.
However, the UAW and the International Union of Electrical
Workers-Communications Workers of America rejected Delphi's
most recent wage and benefit proposal earlier this week.
Delphi said its core U.S. manufacturing sites have about
18,000 hourly and salaried workers, but restructuring and
further job cuts would still be needed.
NEW TERMS WITH GM NEEDED
As part of its restructuring, Delphi will seek to reject GM
contracts covering about $7 billion of North America parts
purchases and has asked GM to reset terms on more than 400
other agreements.
"We simply cannot continue to sell products at a loss,"
Miller said.
GM, whose shares were off 1 percent, said it was
disappointed by Delphi's decision to reject certain supply
contracts and remained committed to reaching an agreement.
Delphi also plans to freeze its U.S. pension plans for
hourly and salaried workers to maintain benefits accrued. It
will offer defined contribution plans for salaried workers and
hourly workers who are more than seven years from retirement.
However, Delphi said it will still need outside help to
extend contribution funding over a longer period.
(Additional reporting by Jui Chakravorty and Poornima Gupta in
Detroit and Ben Klayman)
31Mar06 17:39 GMT
Symbols:
ca;GM ch;F ch;GM de;FMC de;FMCF de;FMCS de;FMCX de;GMC fr;GM us;DPHI us;F
us;GM us;WGM
ZP with a great week as well.
(OTCBB:STTK)Smart-tek Awarded $500,000 in Mixed Residential and Commercial Security and Surveillance Contracts
CORTE MADERA, Calif., March 31, 2006 (PRIMEZONE) -- Smart-tek Solutions, Inc.
(OTCBB:STTK) announced today that its operating subsidiary Smart-tek
Communications Inc. ("SCI"), has been awarded the security, voice and data
contract for the King Edward Village project. The value of the contract is in
excess of $500,000.
Smart-tek is supplying and installing the low voltage system consisting of the
telephone/data backbone to the buildings, CATV, integrated proximity access
control, elevator access control, intercom and digital CCTV system to the King
Edward Village project. Included in the scope of work of the contract,
Smart-tek will also provide rough-in voice and data cabling to the retail and
commercial units.
"These are very exciting times for Smart-tek Communications, Inc. and its parent
company, Smart-tek Solutions, Inc.," said Perry Law, President of Smart-tek
Communications. "Not only are we preparing to introduce our RTAC-PM Bird Flu
containment and monitoring system on a more global scale, but we are also
continuing to have tremendous success in our residential and commercial security
and surveillance products and services as evidenced by this new contract."
This mixed use project consists of 391 residential units in two towers and
approximately 28,000 sq.ft. of commercial space together with a new public
library.
The King Edward Village project is being developed by Tri Power Developments
Inc., a national real estate developer whose portfolio includes projects in
Vancouver, Edmonton, Montreal, Halifax and New Brunswick. Tri Power Development
Inc. is the development arm for Aquilini Investment Group, who recently acquired
a 50% ownership of the Vancouver Canucks NHL franchise.
More information about King Edward Village can be found at
http://www.kingedwardvillage.com.
More information about Tri Power Developments Inc. can be found at
http://www.tripowerdevelopements.com.
More information about Aquilini Investment Group can be found at
http://www.aquilini.com.
-0-
CONTACT: Peter Nasca Associates, Inc.
Peter Nasca
(305) 937-1711
31Mar06 15:14 GMT
Symbols:
de;S8R us;STTK
Source PZM PrimeZone Media
SNT had a nice week