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.
NEWS: TIMET Reports Second Quarter 2006 Results
Monday July 24, 7:00 am ET
http://biz.yahoo.com/prnews/060724/lam034.html?.v=54
DALLAS, July 24 /PRNewswire-FirstCall/ -- Titanium Metals Corporation ("TIMET" or the "Company") (NYSE: TIE - News) reported operating income of $93.6 million for the quarter ended June 30, 2006 compared to operating income of $36.9 million for the quarter ended June 30, 2005, an increase of 154%. The increase in operating income results primarily from increases in average selling prices and sales volume, partially offset by increases in raw material and energy costs. The Company also reported net income attributable to common stockholders of $54.3 million, or $0.31 per diluted share, for the quarter ended June 30, 2006, compared to net income attributable to common stockholders of $33.6 million, or $0.20 per diluted share, for the quarter ended June 30, 2005. The per share amounts have been adjusted to reflect all stock splits completed to date.
The Company's net sales increased 64% to $300.9 million during the second quarter of 2006 compared to net sales of $183.7 million during the year-ago period, due to increases in average selling price, sales volumes and favorable product mix. Mill product average selling prices increased 40% and melted product average selling prices increased 118% during the second quarter of 2006 as compared to the year-ago period. Mill product sales volume increased 12% while melted product sales volume increased 14% during the second quarter of 2006 as compared to the year-ago period.
The Company's results in quarter ended June 30, 2005 include a $13.9 million pre-tax non-operating gain ($9.6 million, or $0.05 per diluted share, net of income taxes) related to the previously reported sale of certain property. In addition, the Company's results in the first six months of 2005 includes an aggregate $35.6 million, or $0.20 per diluted share ($5.7 million, or $0.03 per diluted share, in the second quarter) income tax benefit related to the reversal of the Company's deferred income tax asset valuation allowance in the U.S. and the U.K.
Steven L. Watson, Vice Chairman and CEO, said, "TIMET achieved record sales levels during the second quarter of 2006, as we continue to experience increasing product demand and rising sales prices in all key market sectors. As a result, we anticipate our full year 2006 sales revenue to range between $1.1 billion and $1.2 billion and we expect full year operating income to be between $325 million and $350 million. We currently anticipate completion of our Henderson, Nevada VDP sponge capacity expansion project in the next six months and the expansion of our Morgantown, Pennsylvania electron beam cold hearth melt capacity in early 2008. We are also evaluating additional capacity expansion alternatives, which could provide a significant increase in existing production capabilities. With our strong balance sheet, liquidity and net debt of less than $35 million at June 30, 2006, we are well positioned to capitalize on the projected increase in demand in all key sectors."
The financial information contained in this release is subject to future correction and revision and the filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 with the Securities and Exchange Commission ("SEC") and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's most recent reports on Form 10-K and Form 10-Q filed with the SEC.
The statements contained in this release that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information. Forward-looking statements can generally be identified by the use of words such as "believes," "intends," "may," "will," "looks," "should," "could," "anticipates," "expects" or comparable terminology or by discussions of strategies or trends. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurance that these expectations will prove to be correct. Such statements by their nature involve substantial risks and uncertainties that could significantly affect expected results. Actual future results could differ materially from those described in such forward-looking statements, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Among the factors that could cause actual results to differ materially are the risks and uncertainties discussed in this release, including risks and uncertainties in those portions referenced above and those described from time to time in the Company's filings with the SEC which include, but are not limited to, the cyclicality of the commercial aerospace industry, the performance of aerospace manufacturers and the Company under their long-term agreements, the existence or renewal of certain long-term agreements, the difficulty in forecasting demand for titanium products, global economic and political conditions, global productive capacity for titanium, changes in product pricing and costs, the impact of long-term contracts with vendors on the ability of the Company to reduce or increase supply, the possibility of labor disruptions, fluctuations in currency exchange rates, fluctuations in the market price of marketable securities, control by certain stockholders and possible conflicts of interest, uncertainties associated with new product or new market development, the availability of raw materials and services, changes in raw material prices and other operating costs (including energy costs), possible disruption of business or increases in the cost of doing business resulting from terrorist activities or global conflicts and other risks and uncertainties. Should one or more of these risks materialize (or the consequences of such a development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those forecasted or expected.
TIMET, headquartered in Dallas, Texas, is a leading worldwide producer of titanium metal products. Information on TIMET is available on its website at www.timet.com.
TITANIUM METALS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share and product shipment data)
(Unaudited)
Three months ended Six months ended
June 30, June 30,
2006 2005 2006 2005
Net sales $300.9 $183.7 $587.8 $339.0
Cost of sales 194.6 135.8 373.2 262.2
Gross margin 106.3 47.9 214.6 76.8
Selling, general,
administrative and development
expense 17.4 13.0 32.6 25.3
Other income (expense), net 4.7 2.0 6.7 4.8
Operating income 93.6 36.9 188.7 56.3
Interest expense 0.6 0.9 1.6 1.6
Other non-operating income
(expense), net (1.7) 15.4 (1.4) 16.2
Income before income taxes
and minority interest 91.3 51.4 185.7 70.9
Income tax expense (benefit) 32.8 13.3 66.1 (9.5)
Minority interest in after
tax earnings 2.3 1.2 4.6 2.1
Net income 56.2 36.9 115.0 78.3
Dividends on Series A Preferred
Stock 1.9 3.3 3.9 6.6
Net income attributable to
common stockholders $54.3 $33.6 $111.1 $71.7
Earnings per share attributable
to common stockholders:
Basic $0.36 $0.26 $0.75 $0.56
Diluted $0.31 $0.20 $0.63 $0.43
Weighted average shares
outstanding:
Basic 152.1 127.9 149.0 127.7
Diluted 184.1 181.3 183.7 181.1
Melted product shipments:
Volume (metric tons) 1,550 1,355 3,005 2,770
Average selling price
($ per kilogram) $38.25 $17.55 $35.40 $16.55
Mill product shipments:
Volume (metric tons) 3,750 3,340 7,425 6,440
Average selling price
($ per kilogram) $55.25 $39.45 $55.50 $38.15
Source: Titanium Metals Corporation
Incorrect IMO. Fifteen business days from the filing on July 12 would be Aug 3rd (Thursday) I believe.
only for MM's
FHAL most read board by far today...
Rank Board Reads
1 Fronthaul Group (FHAL) 7450
2 Blackout Media Corp (BKMP) 1940
3 Pearl Asian Mining Industries Inc. (PAIM) 1857
4 BB's Penny Haven 1343
5 XECHEM INTERNATIONAL, INC (XKEM) 862
6 GameZnflix (GZFX) 795
7 Loftwerks, Inc. (LFWK) 793
8 Zeev's Turnips Patch-No Politics (ZEEV) 738
9 Wave Systems (WAVX) 505
10 The Daytrader's Station (ROLL) 495
FHAL premarket up 21%, 40+ trades.eom
FHAL/CVSU CEO showed up on iHub board...
Rufus Paul Harris
http://www.investorshub.com/boards/profile.asp?user=77266
Same here, but with JPHC shares.
"I hope they know the same thing in 11 months when my APOA divis unlock. LMAO. ~Rig"
it is effectively SUPER shorted by TD Ameritrade allowing the sale of about 1 billion shares that were restricted when the float is only 45 million (or thereabouts)
FHAL@.92 up 42%!
NEWS: Metalline Mining Company Sierra Mojada Project Update
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2006%5C07%5C19...
COEUR D'ALENE, Idaho, Jul 19, 2006 (BUSINESS WIRE) -- Metalline Mining Company (OTCBB:MMGG) has contracted a reverse circulation drill from Layne de Mexico to drill for water at Sierra Mojada. The first well is in progress and is being drilled on Minera Metalin property that had two previously producing wells. Development of water sufficient for the mine, mill and the refinery, if the refinery is located in Sierra Mojada, is an essential component of the project.
Metalline's Hagby diamond drill has been returned from lease to World Wide Exploration and is being prepared to be moved underground to the Plaza Rica area to further define silver, copper, zinc mineralization intersected by the smaller Termite drill. Plaza Rica drill results were previously announced in news releases dated May 11 and May 24, 2006.
Surface diamond drilling continues on the oxide zinc mineralization drilled by North Limited and Penoles in the San Antonio mine area located 2 kilometers west of the west end of the Iron Oxide Manto block model resource. Drill results will be announced when analytical data in progress is received.
Air photography of the district has been contracted from Orthoshop Mexico to produce a Digital Elevation Model (DEM) of Sierra Mojada. The photos have been flown, aerotriangulation completed and the DEM is promised to be completed by month end. Pincock Allen and Holt will use the DTM as part of a scoping study to determine if open pit mining is possible for the Iron Oxide Manto. If all or part of the manto can be mined by open pit methods then the mining cost would be significantly lower than by underground methods.
Cautionary Note to Investors
Metalline is an exploration stage company and does not currently have any known reserves and cannot be expected to have reserves unless and until a feasibility study is completed for the Sierra Mojada property that shows proven and probable reserves.
Forward-Looking Statements
This news release contains forward-looking statements regarding future events and Metalline's future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). These statements are based on current expectations, estimates, forecasts, and projections about the industry in which Metalline operates and the beliefs and assumptions of Metalline's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Metalline's future financial performance, Metalline's anticipated growth and potentials in its business and other characterizations of future events or circumstances.
SOURCE: Metalline Mining Company
CONTACT: Metalline Mining Company
Merlin Bingham, 208-665-2002
Fax: 208-665-0041
metalin@attglobal.net
www.metalin.com
Copyright Business Wire 2006
NEWS: BlueFire Announces Plan for Rapid Deployment of Multiple Facilities
Wednesday July 19, 9:00 am ET
http://biz.yahoo.com/iw/060719/0145555.html
IRVINE, CA--(MARKET WIRE)--Jul 19, 2006 -- BlueFire Ethanol, Inc. (Other OTC:BFRE.PK - News) announced today it is forming Joint Venture Development Partnerships with qualified and experienced regional developers throughout the United States and Canada. These partnerships will enable BlueFire to rapidly deploy their cellulose conversion technology in North America while targeting specific geographic areas with the highest demand for ethanol fuels and available feedstock supply. BlueFire will be project lead and equity owner in projects utilizing their technology.
BlueFire Ethanol, Inc. was established to deploy the commercially ready, patented, and proven Arkenol Technology Process for the profitable conversion of cellulosic ("Green Waste") waste materials to ethanol, a proven and highly desirable alternative to gasoline. BlueFire's use of the Arkenol Process Technology positions it as the only cellulose-to-ethanol company worldwide with demonstrated production of ethanol from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues. Our goal is to develop and operate high-value carbohydrate-based transportation fuel production facilities worldwide. These "biorefineries" will convert widely available, inexpensive, organic materials such as agricultural residues, high-content biomass crops, wood residues, and cellulose from MSW into ethanol.
BlueFire is committed to the concepts of integrity, profitability and increasing shareholder value. Therefore as part of a multifaceted effort, BlueFire plans to, concurrent with the development of its own facilities, form associations with a select group of companies for deployment of the technology. BlueFire proposes to do this through strategic Partnerships, with candidates who have demonstrated experience and exhibit a qualified business model into which the BlueFire technology will form a key business component. A pivotal element for Partnership qualification is the ability to show the potential for key elements essential to the BlueFire process. These include, but are not limited to,
-- Access to a reliable source of input raw material including by
example,
-- Landfill locations
-- Long term landfill diversion facilities
-- Sources for wood and other cellulose input streams
-- An ethanol sales plan
-- Potential for co-location with cogeneration facilities (new or
existing), or
-- A business plan that tightly links to a waste segregation plan or
system
-- Expansion or replication potential (a pipeline of potential projects)
-- Regional diversity
-- Existing transportation infrastructure
-- Applicant experience, credibility in the market, and credit worthiness
are essential
BlueFire has categorized its expansion plans and desires to enter into a portfolio of strategic Partnerships. This plan of using synergistic relationships is believed by BlueFire as the most effective and prudent manner to maximize its operation and expand its market presence. BlueFire has targeted regions where it believes the maximum potential exist. Included in these regions are large urban areas where waste disposal is a problem and landfill disposal alternatives are important, additionally agricultural areas where agricultural residues disposal present challenges are targeted. Further included are areas abutting National Forests where there is a pressing (and long-term) need to dispose of dead or diseased vegetation.
CEO Arnold Klann, in discussing these expansion plans stated: "Since BlueFire technology has been in actual production for over four years in NEDO's pilot plant in Japan, we are well beyond the research and development stage of our business plan. In the last few months, we entered into joint venture discussions with several leading industrial companies, which we believe will result in the execution of definitive agreements to begin construction of biorefineries within the next few months. The average construction time for such biorefineries will last approximately 14 months, with commercial production and realization of sizeable revenues being generated for the Company by the end of the third quarter of 2007. Our first biorefinery under negotiation is capable of producing about ten million gallons of ethanol per year resulting in gross profits in excess of 40% of gross revenues. Subsequent facilities will be sized at 55 million gallons per year. Since our expansion plans are primarily designed around joint venture relationships, the Company can undertake the simultaneous construction of more than one biorefinery at a time. Our projections call for a minimum of 20 biorefineries to be in commercial production within the next 7 years in North America. As these joint ventures are finalized, we will announce them to our shareholders and the market."
BlueFire encourages interested parties to contact it for consideration.
To follow the results of BlueFire Ethanol Fuels, Inc. and to be added to our database for Company updates, please click on the following link: http://www.b2i.us/irpass.asp?BzID=1437&to=ea&s=0
About us:
BlueFire Ethanol, Inc. is established to deploy the commercially ready, patented, and proven Arkenol Technology Process for the profitable conversion of cellulosic ("Green Waste") waste materials to ethanol, a viable alternative to gasoline. BlueFire's use of the Arkenol Process Technology positions it as the only cellulose-to-ethanol company worldwide with demonstrated production of ethanol from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues. Our goal is to develop and operate high-value carbohydrate-based transportation fuel production facilities worldwide. These "biorefineries" will convert widely available, inexpensive, organic materials such as agricultural residues, high-content biomass crops, wood residues, and cellulose from MSW into ethanol. BlueFire intends to build a multinational company that leads the world in producing biobased transportation fuels. Its business will encompass development activities leading to the construction and long-term operation of production facilities while maintaining technological advantage and ownership of the process technology and all its improvements. Ethanol will be produced from biorefinery facilities opportunistically constructed on or near landfills, waste collection and waste separation sites. Each facility will deploy the proprietary technology, which uses all cellulosic waste materials traditionally disposed of in landfills as feedstock. www.BlueFireEthanol.com
FORWARD-LOOKING STATEMENTS
Statements about BlueFire Ethanol, Inc.'s expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. BlueFire's actual results could differ materially from expected results. BlueFire undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; BlueFire will appropriately inform the public.
Contact:
Investment Banker:
Tom Rubin
President/CEO
Westcap Securities, Inc.
18201 Von Karman Ave. Suite 550
Irvine, CA 92612
800-805-3334
http://www.WestcapSecurities.com
Investor Relations Contact:
Gerald Kieft or Ryan Audin
Wall Street Resources, Inc.
2646 SW Mapp Road, Suite 303
Palm City, Florida 34990
772-219-7525
http://www.wallstreetresources.net
Source: BlueFire Ethanol
FHAL .64x.645 chart
This stock is just getting started IMO.
FHAL just dont quit! .50 (92.3%)
FHAL already .41 (up57.7%) volume matches yesterdays total!
FHAL new HOD .345 (up 32.7%)
I hope it fills the gape down to .26 just to clear it out and then shoot up today.
I would agree CVSU is probably buying them. Does a pinki have to file if its buying shares of another company on the open market?
Very astute
FHAL rocketing up 25% in 4 minutes!
LOL swearin at me when I correct a misrepresentation of what I said...
Carefully reread your own post and note your quote of my previous post (pay special attention to my placement of the words "not" and "but")... now compare that to what you say:
I posted: <Actually Vishamerica, your 10k shares @ $15 would be worth not $15,000 but $150,000!>
You replied: 10,000 X 15 = $150,000, not $15K ...
NEWS: Rentech, Inc. and Peabody Energy Enter Into a Joint Development Agreement for Two Coal-to-Liquids Projects
Largest Private Sector Coal Company to Co-Develop First U.S. Coal-to-Liquids Projects Utilizing Rentech's Fisher-Tropsch Technology
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2006%5C07%5C18....
DENVER, July 18, 2006 /PRNewswire-FirstCall via COMTEX/ -- Rentech, Inc. (Amex: RTK) and Peabody Energy (NYSE: BTU) announced today that Rentech's wholly-owned subsidiary, Rentech Development Corporation, and Peabody Electricity LLC, a wholly-owned entity of Peabody Energy, have entered into a Joint Development Agreement for the co-development of two Coal-to-Liquids (CTL) projects, which will be located on Peabody reserves. The projects will convert coal into ultra-clean transportation fuels using Rentech's proprietary Fischer-Tropsch CTL process. The agreement represents Peabody Energy's initial activities to develop CTL projects in the United States.
The companies intend to make use of Peabody's reserves in Montana and the Midwest and will evaluate a mine-mouth project model to maximize cost and transportation advantages. One project is targeted for production of 10,000 barrels per day of transportation fuels while the other is projected to produce up to 30,000 barrels per day. The final locations, production volumes, product mixes and environmental considerations, including being "carbon capture" ready for each facility, will be determined during the initial development phases of the respective projects.
Peabody Energy is the world's largest private-sector coal company, and Rentech has developed an advanced derivative of the well-established Fischer-Tropsch, or FT, process for converting synthetic gas derived from coal into ultra high-quality diesel fuel, jet fuel and other fuel products.
"We're seeing an overwhelming need for coal-to-liquids developments in the United States to offset reliance on expensive imported oil, and projects like these represent a major part of our energy solutions," said Peabody President and Chief Executive Officer, Gregory H. Boyce. "Because of Peabody's leading reserves, we are uniquely positioned to capitalize on this significant emerging market for coal. We're pleased to partner with Rentech, one of the world's leading developers of Fischer-Tropsch technologies."
"We are delighted that Peabody has selected Rentech as a partner to develop advanced clean fuels projects," said Rentech, Inc. President and Chief Executive Officer, D. Hunt Ramsbottom. "This partnership reflects a major milestone in the development of clean domestic energy solutions using Rentech's coal-to-liquids technology."
The U.S. Energy Information Administration projects that global energy consumption will increase by more than 70 percent by 2030, and the United States will import 62 percent of its oil. At the same time, the U.S. Department of Defense recently has issued a request for proposals for significant quantities of Fischer-Tropsch fuels.
Under the terms of the Joint Development Agreement, Peabody and Rentech will evaluate the projects in stages by determining the scope and feasibility of each project first. After successful completion of these initial stages, Peabody and Rentech expect to establish a project entity and then move forward with the Front End Engineering and Design (FEED) for each facility. Initially the companies will share the costs of any third party development expenses and have equal interests in the projects. With the exception of the agreed upon sites, the Joint Development Agreement is non-exclusive and either party may develop coal-to-liquids projects at other sites.
About Rentech, Inc.
Rentech was incorporated in 1981 to develop technologies that transform under-utilized energy resources into valuable and clean alternative fuels, chemicals and power. The Company has developed an advanced derivative of the well-established Fischer-Tropsch, or FT, process for manufacturing ultra-clean diesel fuel and other fuel products.
About Peabody Energy
Peabody Energy is the world's largest private-sector coal company, with 2005 sales of 240 million tons of coal and $4.6 billion in revenues. Its coal products fuel approximately 10 percent of all U.S. and 3 percent of worldwide electricity.
Safe Harbor
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 about matters such as the Company's Joint Development Agreement with Peabody Energy and the development of a least two Coal-to-Liquids facilities with Peabody Energy, the coal that may be used and the potential output of each plant. The outcome of the studies cannot be guaranteed and significant additional funds would need to be raised upon determination of the feasibility of each project. These statements are based on management's current expectations, and actual results may differ materially as a result of various risks and uncertainties, including Rentech's ability to: obtain financing for the projects; for working capital; acquisition of an inexpensive long-term coal supply contract; volatile equipment prices; obtaining customers and favorable prices for products; the timing of various phases of the project; and other factors set forth in the Company's press releases and periodic public filings with the Securities and Exchange Commission, which are available via Rentech's web site at www.rentechinc.com. The forward-looking statements in this press release are made as of July 18, 2006, and Rentech does not undertake to revise or update these forward-looking statements, except to the extent that it is required to do so under applicable law.
For more information
For more information please contact: Mark Koenig, Director of Investor Relations, Rentech, Inc. at 303-298-8008, extension 116, or by email at mkir@rentk.com, or see the company's website at: www.rentechinc.com; or Kevin Theiss, CEOcast, Inc. at 212-732-4300 or by email at ktheiss@ceocast.com.
For more information about Peabody Energy, please contact: Vic Svec, Senior Vice President for Investor Relations and Corporate Communications, at 314-342-7768, or by email at vsvec@PeabodyEnergy.com
SOURCE Rentech, Inc.
CONTACT: Mark Koenig, Director of Investor Relations of Rentech, Inc., +1-303-298-8008, ext.
116, mkir@rentk.com; or Kevin Theiss of CEOcast, Inc., +1-212-732-4300,
ktheiss@ceocast.com, for Rentech, Inc.; or Vic Svec, Senior Vice President of
Investor Relations and Corporate Communications of Peabody Energy, at
+1-314-342-7768, vsvec@PeabodyEnergy.com
URL: http://www.prnewswire.com
http://www.rentechinc.com/
www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
**********************************************************************
As of Friday, 07-14-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 06-30-2006 for BTU @ $55.45.
As of Friday, 07-14-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 04-21-2006 for RTK @ $4.48.
For more information on Comtex SmarTrend? Alert, contact your market data provider or go to CSTADirect.com
SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2006 Comtex News Network, Inc. All rights reserved.
-0-
KEYWORD: Colorado
INDUSTRY KEYWORD: OIL
ENV
SUBJECT CODE: JVN
Umm, that is what I was pointing out ;)
(the effects of Mercury in retrograde are vastly apparant)
Umm, that's what I said
Actually Vishamerica, your 10k shares @ $15 would be worth not $15,000 but $150,000!
My understanding is that their primary reason for doing a merger in this way is to expedite getting listed on Nasdaq.
lesnshawn, you wrote:
" "The Company" is FHAL because they are the ones who produced the filing being the public company. CSVU is "The Buyer" and also considered the "Surviving Holding Company"."
However, in section 1.1. DEFINITIONS it states:
"Company" has the meaning given to it in the introductory paragraph hereof.
The introductory paragraph states:
Conversion Solutions, Inc., a Delaware corporation and a holding company (the "Company" )
Also, in section 1.1. DEFINITIONS it states:
"Buyer" has the meaning given to it in the introductory paragraph hereof.
The introductory paragraph states:
FRONTHAUL GROUP INC., a Delaware corporation (the "Buyer" )
I recently spoke with Rufus and I can add this info:
Q: What is the closing date?
A: "Fifteen (15) business days from the filing of the 8-k?"
(8-k filed on July 12, I figured closing date to be August 1st --Pedtupe)
Q: Each CURRENT share of FHAL will be receiving one share of CVSU; there will be no reverse splits?
A: "There will be no reverse split of FHAL shares and each will receive one share of CVSU which will be valued at $15 at least."
GS CleanTech Executes Agreement to Convert Poultry Fat into Biodiesel Feedstock
Monday July 17, 8:00 am ET
http://biz.yahoo.com/bw/060717/20060717005497.html?.v=1
NEW YORK--(BUSINESS WIRE)--July 17, 2006--GS CleanTech Corporation (OTC Bulletin Board: VRDM - News) today announced its execution of an agreement with an Arkansas-based poultry processing facility to extract more than one million pounds per year of poultry fat annually from the facility's waste streams for conversion into a biodiesel feedstock using GS CleanTech's proprietary animal fat recycling and conversion technologies.
GS CleanTech's pricing model for its animal fat recycling and conversion technologies is based on GS CleanTech's provision of turn-key systems for no up-front cost in return for long-term agreements to purchase the converted animal fat based on a fixed discount to prevailing fuel prices.
Under the terms of the agreement, GS CleanTech expects to generate an estimated $1.2 million to $1.8 million in annualized revenues by purchasing and selling the Arkansas facility's converted poultry fat as a biodiesel feedstock.
About GS CleanTech Corporation
Formerly named Veridium Corporation, GS CleanTech Corporation (OTC Bulletin Board: VRDM - News) provides applied engineering and industrial design services based on clean technology and process innovations that make it cost-effective and easy to recycle and reuse resources.
GS CleanTech is majority-owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a company devoted to facilitating the efficient use of natural resources.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS CleanTech Corporation (f/k/a Veridium Corporation), and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information, please contact:
Contact:
GS CleanTech Corporation, 888-895-3585
Fax: 646-572-6336
investorrelations@greenshift.com
www.greenshift.com
or
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300
or
Public Relations:
Walek & Associates
Deborah McCandless, 212-590-0523
Fax: 212-889-7174
dmccandless@walek.com
www.walek.com
Source: GS CleanTech Corporation
CHDT and XKEM gapping eom
FRPT news
Demand for Specialty Armored Vehicles Increases as Force Protection, Inc. Announces Additional Production Lines
Monday July 17, 8:24 am ET
http://biz.yahoo.com/bw/060717/20060717005517.html?.v=1
LADSON, S.C.--(BUSINESS WIRE)--July 17, 2006--Force Protection, Inc. (OTCBB:FRPT - News) today announced it is expanding production to meet increased demand for its mine-protected vehicles.
"Our customers in uniform recognize the unmatched protection our vehicles provide and continue to order them at an unprecedented rate," said CEO Gordon McGilton. "As a result, Force Protection is engaged in efforts to triple its internal manufacturing capacity, as well as make use of other companies' capacity to fill present and future orders. We are also increasing our workforce, and today exceeded our 500th employee. We had just twelve employees in the beginning of 2004."
Force Protection's Buffalo and Cougar armored vehicles have been deployed in the global war on terror since July 10, 2003. Operated by combat engineers and explosive ordnance disposal teams, the vehicles have been used in dangerous detection and removal operations and are recognized as an effective solution to counter IEDs and other explosive threats. Despite inaccurate news reports, no fatalities have occurred in any Force Protection vehicle as the company continues to innovate and enhance the blast protection of its products to ensure that troops have the best protection available.
"We receive constant feedback from the troops that these vehicles are saving lives daily," said Vice President for Army Programs Damon Walsh. "They fill a vital role, and we are now establishing a second and third Cougar production line and doubling Buffalo production to ensure these vehicles are delivered in the numbers required by the men and women who need them most."
More than 200 Buffalo and Cougar vehicles are currently deployed in Iraq and Afghanistan.
About Force Protection
Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.
For more information on Force Protection and its vehicles, go to www.forceprotection.net.
This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Policy Impact Strategic Communications
Jeff Child, 202-737-5339 (Media Contact)
jchild@policyimpact.com
or
Force Protection, Inc.
Investor Relations, 843-740-7015
investorrelations@forceprotectioninc.com
Source: Force Protection, Inc.
China Direct Trading Corp. Recieves Chinese Roof Tile Approval NOA (Notice of Acceptance) No:06-0407.05 Effective July 20, 2006
Monday July 17, 7:20 am ET
http://biz.yahoo.com/iw/060717/0144664.html
COOPER CITY, FL--(MARKET WIRE)--Jul 17, 2006 -- China Direct Trading Corporation (OTC BB:CHDT.OB - News), a U.S.-Chinese trading company, today announced that its subsidiary, Overseas Building Supply, LLC (OBS), received a Notice of Proposed Action from the Dade County Product Control Division, which governs the product review process in Dade and Broward Counties, Florida. The Notice, dated June 30th, is a 20-day approval notice for OBS' clay double roll roofing tile No. 06-0407.05. Unless objections are raised by any member of the Board of Rules and Appeals, which overseas the issuance of all NOAs, on or before July 20th, the roofing tiles will be eligible for sale. OBS has also been provided the five page NOA document which soon will be available online at www.chdt.us. This grants OBS the exclusive right to import and sell these clay roof tiles.
Subject to no objections from the Board of Rules and Appeals, OBS will start taking orders from roofers, tile distributors, home owners, and retailers on July 20th for Goods starting to leave on August 15th and the first delivery in the U.S. on September 10th. For information on roof tiles contact Howard Ullman at 954-252-3440.
OBS has entered into an exclusive distribution agreement with a China Ceramic Tile factory. The factory has been in operation since 1986 producing high quality roofing and floor tiles with 15% of its annual production going to export. The factory has 90 new machines imported from Spain and Italy producing a Chinese brand known as Minnan. The ISO9001 rated factory has 1,256 workers in a 200,000 square meter facility. Total annual production capacity is twenty million tiles. The factory can expand its production facility if and when demand dictates.
About China Direct: China Direct (www.chdt.us) is a holding company engaged through its operating subsidiaries in the following business lines: Overseas Building Supply (OBS) is engaged in distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials. CPS, (www.completepower247.com) is a majority-owned subsidiary engaged in a turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) is engaged in product development, manufacturing, distribution, logistics and product placement into mass retail of souvenir and gift items in 29 countries. None of the web site URLs listed in this press release are incorporated into or are part of this press release.
FORWARD-LOOKING STATEMENTS: This press release, including the financial information that follows, contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on China Direct's and its subsidiaries' managements' current expectations and assumptions, and involve risks and uncertainties. Such expectations and assumptions may prove to be faulty or incorrect. Actual results may differ materially from those anticipated results set forth in the statements. The forward-looking statements may include statements regarding consumer demand, product orders, product development, product potential or financial performance. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. China Direct undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Approval of products by governmental authorities does not mean that the products will be accepted by consumers or produce any revenues or profits. Forward-looking statements in this press release and risks associated with any investment in China Direct, which is a "penny stock" company, should be evaluated together with the many uncertainties that affect our business, particularly those mentioned in the cautionary statements in current and future China Direct SEC Filings, which statements we incorporate by reference herein.
Contact:
For information on this release
Contact:
Rich Schineller
941.918.1913
rich@chdt.us
How about a cheap war stock? FRPT
iHub board:
http://www.investorshub.com/boards/board.asp?board_id=5032
Force Protection website:
http://www.forceprotection.net
"Force Protection Commemorates Three Years of Buffalo and Cougar Vehicle Deployments to the Global War on Terror With No Fatalities." -from their website.
in fact, now is a good time to buy on a dip (7-14-06):
I think FRPT would be a good one.
iHub board:
http://www.investorshub.com/boards/board.asp?board_id=5032
Force Protection website:
http://www.forceprotection.net
in fact, now is a good time to buy on a dip (7-14-06):
TIE - Titanium Metals Corp; Alert Price: $26.65
July 14, 2006
InfinitiStocks.com issues an Insider Accumulation Alert for Titanium Metals Corp, integrated producers of titanium sponge, melted, and mill products. July 13 - 14, company chairman and CEO Harold Simmons purchased $7,134,332 (275,000 shares) of TIE on the open market in the range of $24.95 - $27.14 per share. Infiniti further notes Zacks Investment Research placed TIE on the "Stealth Stocks Watch List" July 12. TIE was recently upgraded June 1 from "neutral" to "buy" by FTN Midwest; analyst growth estimates for the current quarter are 108.3%.
http://www.infinitistocks.com
I feel the same way for now; it hasn't even traded a month so would like to give it another week or two to establish market sentiment.
Here's a private cellulosic ethanol company that I'd watch for making an IPO:
http://www.iogen.ca/
On what day do those 20 days begin? eom
upto .185 on 5 trades, 9:17am eom.