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VTSI printing .072s
looks to me like a breakout now!
VTSI may be breaking out of
its 5-6c channel on latest news:
VirTra Receives Order from Saudi Aramco and Mexico
Date : 09/16/2009 @ 9:20AM
Source : Business Wire
Stock : VirTra Systems, Inc. (VTSI)
Quote : 0.068 0.0 (0.00%) @ 2:05AM
VirTra Receives Order from Saudi Aramco and Mexico
Bob Ferris, VirTra Systems' CEO and president (OTC:VTSI.PK), today announced that VirTra has received an order for a multi-screen firearm training simulator system from Saudi Aramco and a multi-screen firearm training system for immediate delivery to Mexico.
This sale expands VirTra’s growth in the Middle East and establishes a new relationship with Saudi Aramco, one of the world’s largest companies. This sale is VirTra’s third in the Middle East.
In addition, VirTra received an order from its Mexican distributor for a multi-screen police simulator with recoil kits and accessories. VirTra’s Mexican distributor’s success continues; this transaction marks their eleventh South American sale.
“The continued success of our distributor in Mexico further encourages us to expand our international reach as a company. Also, we are honored by the order and our new opportunities with Saudi Aramco. VirTra’s firearm training simulators are finding application in large companies that must protect their assets and interests, with our simulation technology enabling a higher standard in realistic security training for their personnel,” said Bob Ferris, CEO and President of VirTra Systems.
The value of both sales combined is approximately $500,000.
About VirTra Systems
The company produces the best-in-class firearm simulators for both law enforcement and military customers throughout the world. VirTra is the higher standard in simulation: from exceptional customer service to unparalleled technology like 360 degree HD training platforms and the Threat-Fire™ safe return fire system (patent pending). When training realism matters, military and law enforcement professionals consistently select VirTra’s simulators to help save lives.
www.virtra.com.
About Saudi Aramco
Owned by the Saudi Arabian Government, Saudi Aramco is a fully integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, distribution, shipping and marketing. The company manages proven conventional reserves of 260 billion barrels of oil, the largest of any company in the world, and manages the fourth-largest gas reserves in the world.
In addition to its headquarters in Saudi Arabia's Eastern Province city of Dhahran, Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Japan, the Netherlands, the Republic of Korea, Singapore, Malaysia, the United Arab Emirates, the United Kingdom and the United States. More information about Saudi Aramco can be found at www.saudiaramco.com.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
morning MOOOvers! VTSI looks like
it may be breaking out of its 5-6c channel on some nice news:
RNER btw, keeps chasing its tail maybe someone should throw it a bone
VirTra Receives Order from Saudi Aramco and Mexico
Date : 09/16/2009 @ 9:20AM
Source : Business Wire
Stock : VirTra Systems, Inc. (VTSI)
Quote : 0.068 0.0 (0.00%) @ 2:05AM
VirTra Receives Order from Saudi Aramco and Mexico
Bob Ferris, VirTra Systems' CEO and president (OTC:VTSI.PK), today announced that VirTra has received an order for a multi-screen firearm training simulator system from Saudi Aramco and a multi-screen firearm training system for immediate delivery to Mexico.
This sale expands VirTra’s growth in the Middle East and establishes a new relationship with Saudi Aramco, one of the world’s largest companies. This sale is VirTra’s third in the Middle East.
In addition, VirTra received an order from its Mexican distributor for a multi-screen police simulator with recoil kits and accessories. VirTra’s Mexican distributor’s success continues; this transaction marks their eleventh South American sale.
“The continued success of our distributor in Mexico further encourages us to expand our international reach as a company. Also, we are honored by the order and our new opportunities with Saudi Aramco. VirTra’s firearm training simulators are finding application in large companies that must protect their assets and interests, with our simulation technology enabling a higher standard in realistic security training for their personnel,” said Bob Ferris, CEO and President of VirTra Systems.
The value of both sales combined is approximately $500,000.
About VirTra Systems
The company produces the best-in-class firearm simulators for both law enforcement and military customers throughout the world. VirTra is the higher standard in simulation: from exceptional customer service to unparalleled technology like 360 degree HD training platforms and the Threat-Fire™ safe return fire system (patent pending). When training realism matters, military and law enforcement professionals consistently select VirTra’s simulators to help save lives.
www.virtra.com.
About Saudi Aramco
Owned by the Saudi Arabian Government, Saudi Aramco is a fully integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, distribution, shipping and marketing. The company manages proven conventional reserves of 260 billion barrels of oil, the largest of any company in the world, and manages the fourth-largest gas reserves in the world.
In addition to its headquarters in Saudi Arabia's Eastern Province city of Dhahran, Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Japan, the Netherlands, the Republic of Korea, Singapore, Malaysia, the United Arab Emirates, the United Kingdom and the United States. More information about Saudi Aramco can be found at www.saudiaramco.com.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
DAAT flying under the radar
especially with the recent news:
could do .16 eps this year
DAC Technologies Receives Large Holiday Purchase Orders
Date : 09/03/2009 @ 8:30AM
Source : MarketWire
Stock : DAC Technologies Group International, Inc. (DAAT)
Quote : 0.88 0.0 (0.00%) @ 2:05AM
DAC Technologies Receives Large Holiday Purchase Orders
LITTLE ROCK, AR -- (Marketwire) -- 09/03/09 -- DAC Technologies (OTCBB: DAAT) today announced it has received the largest single purchase order in its 16 year history. The purchase order from Wal-Mart is for the Company's deluxe gun cleaning kit and will ship in October and November of 2009. The purchase order is for a Holiday promotion and is well in excess of seven figures.
David A. Collins, Chairman and CEO, stated, "The Company is very excited about receiving POs of this magnitude and continues to concentrate on its core business of gun cleaning kits and firearm accessories. The Company is experiencing large sales increases in this area and expects the trend to continue. The Company reaffirms its higher guidance of 14 to 16 cents earnings per share and sales of $16 to $18 million."
About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward-looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.
For Shareholder Information:
1-800-920-0098
DAAT flying under the radar
especially with the recent news:
could do .16eps this year
DAC Technologies Receives Large Holiday Purchase Orders
Date : 09/03/2009 @ 8:30AM
Source : MarketWire
Stock : DAC Technologies Group International, Inc. (DAAT)
Quote : 0.88 0.0 (0.00%) @ 2:05AM
DAC Technologies Receives Large Holiday Purchase Orders
LITTLE ROCK, AR -- (Marketwire) -- 09/03/09 -- DAC Technologies (OTCBB: DAAT) today announced it has received the largest single purchase order in its 16 year history. The purchase order from Wal-Mart is for the Company's deluxe gun cleaning kit and will ship in October and November of 2009. The purchase order is for a Holiday promotion and is well in excess of seven figures.
David A. Collins, Chairman and CEO, stated, "The Company is very excited about receiving POs of this magnitude and continues to concentrate on its core business of gun cleaning kits and firearm accessories. The Company is experiencing large sales increases in this area and expects the trend to continue. The Company reaffirms its higher guidance of 14 to 16 cents earnings per share and sales of $16 to $18 million."
About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward-looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.
For Shareholder Information:
1-800-920-0098
DAAT moving higher
its a low floater and easy to move but has a huge Xmas order from WMT and expecting a great 4th quarter.
DAAT moving higher
its a low floater and easy to move but has a huge Xmas order from WMT and expecting a great 4th quarter.
VTSI is my pick thanks :)
EVRM breaking out on some nice news!
The Evermedia Group Acquires Majority Stake(80%) in System Technology Solutions
NEW YORK, NY--(Marketwire - 09/11/09) - Evermedia Group, Inc. (Pinksheets:EVRM - News) is pleased to announce that it has completed an agreement to acquire a majority interest in the San Antonio, TX based defense contractor, System Technology Solutions, Inc. (STS). Currently, the Evermedia Group owns 80% of STS through its parent company and will now control two operating subsidiaries. The deal was financed primarily with common stock, requiring Evermedia to increase its authorized shares to finance the purchase. The companies will consolidate certain aspects of their businesses such as contract management, administrative functions and financial reporting while operations and division management will remain independent. Richard Weitzel will be named the new Chief Executive Officer of STS Evermedia Corporation, the parent of STS, and will also be a director at the Evermedia Group. The "change of command" will take place on or about 1 OCT 2009.
Regarding the acquisition, CEO of Evermedia Jonathan Sym stated: "This increased ownership of STS is a milestone event for us. This is the most significant event in our company's young history as it will allow us to participate in the revenues of a terrific company. With STS as a subsidiary and some recent agreements we have yet to announce, we look forward to posting strong third quarter financials. Furthermore, we structured this acquisition so Evermedia will now become a Service Disabled Veteran Owned Small Business. This will create tremendous contracting and financial opportunities for us going forward."
In order for a company to be designated a service disabled company, a minimum of 51% of the outstanding shares must be directly owned by veterans with a service related disability.Given this mandate, Evermedia increased its authorized to meet this requirement as well as to allow enough shares for future, targeted acquisitions. Accordingly, Evermedia believes that they are the only iris biometric and defense contracting company to have this designation.
Weitzel commented, "This is a very exciting time for us all. We have been winning some terrific contracts as well as forming teaming agreements with some of the best and largest defense contractors in the world.
Now having exclusive access to biometric technologies through Evermedia, we have a distinct advantage over our competitors as demand for biometric security applications continue to grow within the DoD. This partnership with Evermedia is outstanding and we look forward to growing this family of companies together."
About Evermedia
Based in New York, NY Evermedia develops biometric-based identification management and authentication solutions using proprietary, patent-protected iris recognition technology. Evermedia is involved in the development of biometric-based authentication and verification systems to protect personal identity. The company's proprietary technology is patented in the United States, China and South Korea. The Evermedia Group is also the largest shareholder in STS Evermedia, the parent of System Technology Solutions, Inc.
About System Technology Solutions
Based in San Antonio, TX, STS is a defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS also provides technical design, program management and security services globally.
EVRM in takeoff mode :)
morning all! EVRM some nice news!
The Evermedia Group Acquires Majority Stake(80%) in System Technology Solutions
NEW YORK, NY--(Marketwire - 09/11/09) - Evermedia Group, Inc. (Pinksheets:EVRM - News) is pleased to announce that it has completed an agreement to acquire a majority interest in the San Antonio, TX based defense contractor, System Technology Solutions, Inc. (STS). Currently, the Evermedia Group owns 80% of STS through its parent company and will now control two operating subsidiaries. The deal was financed primarily with common stock, requiring Evermedia to increase its authorized shares to finance the purchase. The companies will consolidate certain aspects of their businesses such as contract management, administrative functions and financial reporting while operations and division management will remain independent. Richard Weitzel will be named the new Chief Executive Officer of STS Evermedia Corporation, the parent of STS, and will also be a director at the Evermedia Group. The "change of command" will take place on or about 1 OCT 2009.
Regarding the acquisition, CEO of Evermedia Jonathan Sym stated: "This increased ownership of STS is a milestone event for us. This is the most significant event in our company's young history as it will allow us to participate in the revenues of a terrific company. With STS as a subsidiary and some recent agreements we have yet to announce, we look forward to posting strong third quarter financials. Furthermore, we structured this acquisition so Evermedia will now become a Service Disabled Veteran Owned Small Business. This will create tremendous contracting and financial opportunities for us going forward."
In order for a company to be designated a service disabled company, a minimum of 51% of the outstanding shares must be directly owned by veterans with a service related disability.Given this mandate, Evermedia increased its authorized to meet this requirement as well as to allow enough shares for future, targeted acquisitions. Accordingly, Evermedia believes that they are the only iris biometric and defense contracting company to have this designation.
Weitzel commented, "This is a very exciting time for us all. We have been winning some terrific contracts as well as forming teaming agreements with some of the best and largest defense contractors in the world.
Now having exclusive access to biometric technologies through Evermedia, we have a distinct advantage over our competitors as demand for biometric security applications continue to grow within the DoD. This partnership with Evermedia is outstanding and we look forward to growing this family of companies together."
About Evermedia
Based in New York, NY Evermedia develops biometric-based identification management and authentication solutions using proprietary, patent-protected iris recognition technology. Evermedia is involved in the development of biometric-based authentication and verification systems to protect personal identity. The company's proprietary technology is patented in the United States, China and South Korea. The Evermedia Group is also the largest shareholder in STS Evermedia, the parent of System Technology Solutions, Inc.
About System Technology Solutions
Based in San Antonio, TX, STS is a defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS also provides technical design, program management and security services globally.
actually the TAs looked mixed right now
true rsi is below 70 but it is still about 50. So you need to look at some others imo. SAR, ADX and TRIX are very positive which is important here. BB bands need some tightening so the consolidation may continue for awhile and the cmf needs to improve, but the 20d ma is uptrending so this could be a quick consolidation before the next move up imo. I'm adding since I believe waiting for a 1cent drop may or may not prove fruitful and you risk losing perhaps a 100 or 200% gain here on some good news. To me the risk/reward rato is in your favor now with the present sp. Anyways glty june bug in your decision.
One possible reason for such a wide spread
is that the mms are trying to slow down the trading and
dissaude buyers imo. Maybe they are running low on shares and dropping the sp last couple of days will 'scare' up a few more sellers for them imo. Holding strong here. gl
drop was on small volume
good time to add or just get a starter position imo.
VTSI TAs looks great
just waiting for the next sp surge.
VTSI doing well
waiting for RNER to wake up
thanks for the great DD
was wondering if the mms aren't shorting this so they can get some cheap shares knowing this is gonna run big imo? Of course when they do eventually cover KABOOM! gl
it doesnt mention better
in their pr only the 'highest' quality. That's enough for me. Besides, how would one prove it is better? Maybe faster, less impurites, or fewer equipment breakdowns? Once they establish themselves as a 'home brand' the demand should go up quickly imo given the price differential. Marketing and greasing a few hosptial administratos palms here and there etc. goes a long way. These initial contracts help but they need more. Get established in China first. India can wait for awhile imo. I compare this to the generic drug companies in the US. They also had a quality issue at first (even tho they received FDA approval) but over time became established and are the preferred choice for most Americans now. Here is the pr btw:
"These patents will not only help to ensure that competitive prices are maintained in the production of these materials, but also that the highest level of quality possible is provided. We have also put RainEarth in a strong market position by applying for these patents before our competitors. With these technologies and sufficient funds, we can increase our production from 150,000 blood dialysis to between 1.5-3.2 million. This will generate revenue in the area of $12-32 million (USD)," said Mr. Zhu, CEO of the Company.
hello lucy RNER for me plz :)
finished at hod
should move higher on monday imo. Needs volume tho. gl
RNER looks like 3rd time the charm here
finished up 25%.
RNER and VTSI could do well next week imo
if the quality of their product
is as good as the competition then they should
make some deep market share inroads considering there are only
2 other competitors. Lots of patriots will want to use the home grown variety especially with such a deep discounted price imo.
added a few at the ask
now let's get this party started! lol
VTSI TAs looks good
rsi not in the powerzone but rising. SP holding strong! I think most people are holding here despite the recent runup. Volume is great. gl
morning MOOvers!
and biggest consumer of all the US. (Not sure if Africa can afford their products but insurance companies here may demand it when you consider the cost savings they will achieve.)
domestic market share only 2%
but from their pr they think the dometics can grow to a 50% share by 2012. They are 40% cheaper than the competition and looking for revs between 12-32m. I am thinking that could be their forecast for their business year. We should be seeing more prs about hospitals signing up with that target in mind. Not sure about the profit margin here but being hitech it should be on the high end. They aren't selling apples here. Also, looks like they have expansion outside of China on their minds with this export/import company they are partners with and should grab market share there as well. Today China tomorrow the world. Multibagger potential here imo. glta
looking better today
holding my breath for a green close
DAAT moving higher on nice news
small float here
VTSI some nice recent contracts
volume and sp picking up lately
RNER stabilized today after last 2 sell days. RM play should start to move back up soon imo
DAAT nice news
and not a lot of shares here!
DAAT DAC Technologies Receives Large Holiday Purchase Orders
LITTLE ROCK, AR--(Marketwire - September 3, 2009) - DAC Technologies (OTCBB: DAAT) today announced it has received the largest single purchase order in its 16 year history. The purchase order from Wal-Mart is for the Company's deluxe gun cleaning kit and will ship in October and November of 2009. The purchase order is for a Holiday promotion and is well in excess of seven figures.
David A. Collins, Chairman and CEO, stated, "The Company is very excited about receiving POs of this magnitude and continues to concentrate on its core business of gun cleaning kits and firearm accessories. The Company is experiencing large sales increases in this area and expects the trend to continue. The Company reaffirms its higher guidance of 14 to 16 cents earnings per share and sales of $16 to $18 million."
About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward-looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.
For Shareholder Information:
1-800-920-0098
DAAT nice news!
not a lot of shares here and easy to move
DAAT DAC Technologies Receives Large Holiday Purchase Orders
LITTLE ROCK, AR--(Marketwire - September 3, 2009) - DAC Technologies (OTCBB: DAAT) today announced it has received the largest single purchase order in its 16 year history. The purchase order from Wal-Mart is for the Company's deluxe gun cleaning kit and will ship in October and November of 2009. The purchase order is for a Holiday promotion and is well in excess of seven figures.
David A. Collins, Chairman and CEO, stated, "The Company is very excited about receiving POs of this magnitude and continues to concentrate on its core business of gun cleaning kits and firearm accessories. The Company is experiencing large sales increases in this area and expects the trend to continue. The Company reaffirms its higher guidance of 14 to 16 cents earnings per share and sales of $16 to $18 million."
About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward-looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.
For Shareholder Information:
1-800-920-0098
RNER nice news only 10m float
this one is sizzlin hot lol
RainEarth (RNER) Complies with Chinese Medical Service Reforms to Provide Better and Cheaper Blood Dialysis
Date : 09/02/2009 @ 8:30AM
Source : PR Newswire
Stock : (RNER)
Quote : 0.032 0.007 (28.00%) @ 7:59AM
RainEarth (RNER) Complies with Chinese Medical Service Reforms to Provide Better and Cheaper Blood Dialysis
BEIJING, Sept. 2 /PRNewswire-Asia/ -- RainEarth Inc. (OTC Bulletin Board: RNER; "the Company") announced that in the second quarter of 2009, the Xinhua News Agency publicized the creation of "Opinions of the CPC Central Committee and the State Council on Deepening the Reform of the Medical and Health Care System" ("Opinion").
The "Opinion" proposed practical methods to enable people to go see a doctor more easily. Reduced cost is the short-term goal and the long-term goal is to establish a medical coverage plan for urban and rural populations that meets their basic medical requirements more effectively and conveniently.
The Company's Chinese subsidiary, Beijing Rain and Earth Technology Development Corp. Ltd. ("China RainEarth") not only complied with this system of medical reform, but will also continue improving the quality of its products while keeping prices competitive and affordable for patients.
China RainEarth's main product, blood dialysis, is an effective measure for patients with acute and chronic renal failure (uremia) to sustain their lives. Currently, there are about 60,000 renal failure patients, who spend more than RMB six billion (approximately US$882 Million) every year on blood dialysis in China.
Currently, imported products dominate the market. Comparatively, domestic products only have less than 2% market share. With social and economic development as well as the improvement of healthcare services, 15 million blood dialyzers will be sold in China by 2012 and the market size will hit RMB 1.2 billion (approximately US$176 million). At that time, the market share of domestic products will exceed 50%.
"Our blood dialysis is up to 40% cheaper than other imported dialysis. Of course our dialysis maintains the same high quality," said Yongfu Zhu, CEO of the Company. "Our dialysis has been used by several hospitals and as it is recognized by more patients and hospitals, we will see continued growth for the Company."
About the Company
RainEarth Inc. (formerly Gold Rock Resources Inc., the "Company") was incorporated in the State of Nevada on March 14, 2006. The Company is a developing-stage company that initially engaged in the search for mineral deposits or reserves.
On March 25, 2009, the Company and China RainEarth, a company organized and existing under the laws of the People's Republic of China, entered into a Business Cooperation Agreement (the "Agreement") for a term of twenty years. The purpose of the Agreement is to jointly conduct Hollow Fiber Membrane Materials' application and manufacturing in China (the "Business"). The main product that utilizes this technology is the blood dialyzer.
The Company will provide advice and assistance relating to the development of marketing and consultancy services, particularly as related to the Business. China RainEarth will give 60% of its revenue after deduction of direct operating costs, expenses and taxes to the Company in consideration of the Company's services.
Forward-looking statements
This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion. The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.
For more information, please contact:
RainEarth Inc.
Public Relations Department Tel: +852-3005-7220 Email:
DATASOURCE: RainEarth Inc.
CONTACT: Public Relations Department of RainEarth Inc., +852-3005-7220,
or
RNER nice news! only 10m float
catch em if you can It's runnin lol
RainEarth (RNER) Complies with Chinese Medical Service Reforms to Provide Better and Cheaper Blood Dialysis
Date : 09/02/2009 @ 8:30AM
Source : PR Newswire
Stock : (RNER)
Quote : 0.032 0.007 (28.00%) @ 7:59AM
RainEarth (RNER) Complies with Chinese Medical Service Reforms to Provide Better and Cheaper Blood Dialysis
BEIJING, Sept. 2 /PRNewswire-Asia/ -- RainEarth Inc. (OTC Bulletin Board: RNER; "the Company") announced that in the second quarter of 2009, the Xinhua News Agency publicized the creation of "Opinions of the CPC Central Committee and the State Council on Deepening the Reform of the Medical and Health Care System" ("Opinion").
The "Opinion" proposed practical methods to enable people to go see a doctor more easily. Reduced cost is the short-term goal and the long-term goal is to establish a medical coverage plan for urban and rural populations that meets their basic medical requirements more effectively and conveniently.
The Company's Chinese subsidiary, Beijing Rain and Earth Technology Development Corp. Ltd. ("China RainEarth") not only complied with this system of medical reform, but will also continue improving the quality of its products while keeping prices competitive and affordable for patients.
China RainEarth's main product, blood dialysis, is an effective measure for patients with acute and chronic renal failure (uremia) to sustain their lives. Currently, there are about 60,000 renal failure patients, who spend more than RMB six billion (approximately US$882 Million) every year on blood dialysis in China.
Currently, imported products dominate the market. Comparatively, domestic products only have less than 2% market share. With social and economic development as well as the improvement of healthcare services, 15 million blood dialyzers will be sold in China by 2012 and the market size will hit RMB 1.2 billion (approximately US$176 million). At that time, the market share of domestic products will exceed 50%.
"Our blood dialysis is up to 40% cheaper than other imported dialysis. Of course our dialysis maintains the same high quality," said Yongfu Zhu, CEO of the Company. "Our dialysis has been used by several hospitals and as it is recognized by more patients and hospitals, we will see continued growth for the Company."
About the Company
RainEarth Inc. (formerly Gold Rock Resources Inc., the "Company") was incorporated in the State of Nevada on March 14, 2006. The Company is a developing-stage company that initially engaged in the search for mineral deposits or reserves.
On March 25, 2009, the Company and China RainEarth, a company organized and existing under the laws of the People's Republic of China, entered into a Business Cooperation Agreement (the "Agreement") for a term of twenty years. The purpose of the Agreement is to jointly conduct Hollow Fiber Membrane Materials' application and manufacturing in China (the "Business"). The main product that utilizes this technology is the blood dialyzer.
The Company will provide advice and assistance relating to the development of marketing and consultancy services, particularly as related to the Business. China RainEarth will give 60% of its revenue after deduction of direct operating costs, expenses and taxes to the Company in consideration of the Company's services.
Forward-looking statements
This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion. The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.
For more information, please contact:
RainEarth Inc.
Public Relations Department Tel: +852-3005-7220 Email:
DATASOURCE: RainEarth Inc.
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or
any more rock bottom
and we will be at the center of the earth lol
holding and adding more tomorrow this will turn
I did notice from the chart this was trading at only .01 last
week so could be a lot of those people moving out imo. I should have checked that before I bought. They do have 2 contracts in a little over 2 months with 1m US$ so far. Growing fast but investors will need some patience imo. glty
Saro 01s up
a finish at .01 would give it a nice push tomorrow imo
SARO nice buys coming in
maybe some news soon?
it aint over til the fat lady sings
I have another order waiting to be filled. Cmon flippers bring it! lol
CTYX some patience will pay off big here imo