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Things really slowed down today. I am surprised since it seemed some things were moving this morning.
TFCT still moving. Yesssss..lol
CIRT news. Should uptick in the AM from this late day PR
CirTran Receives Order for U.S. Armed Forces
Tuesday October 7, 3:12 pm ET
SALT LAKE CITY, UT--(MARKET WIRE)--Oct 7, 2003 -- CirTran Corp. (OTC BB: CIRT), a full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced that it has received an initial order for its 3 Meter Fiber Optic Cable product from GTSI Corp, a leading business to government (B2G) provider of information technology solutions to the Department of Defense and federal, state and local governments worldwide. The order was placed through CirTran's wholly owned subsidiary, Racore Technology Corporation. The cables will be used by the United States Armed Forces in their European and Middle Eastern operations.
ADVERTISEMENT
Trevor M. Saliba, Senior Vice President of Worldwide Business Development, commented, "We are very pleased to announce our latest Government solicitation for Racore's products, which are manufactured by its parent company, CirTran Corporation. We attribute this to Racore's superior product and CirTran's quick responsiveness in providing manufacturing solutions to its customers. Due to recently implemented worldwide security measures, we are confident there will be continued solicitation for Racore products by additional United States and foreign government agencies."
Racore Technology designs, develops, manufactures, and markets high performance Local Area Network products with emphasis on Fiber Optics, Token-Ring and 10/100 Ethernet technologies. Over the past fifteen years, Racore has developed extensive technology to provide high-performance copper and fiber connectivity solutions linking LAN backbones to the desktop. For further information about Racore, please visit the Company's website located at www.racore.com.
About CirTran Corporation
Founded in 1993, CirTran Corporation (OTC BB: CIRT) has established itself as a premier full-service contract electronics manufacturer by building printed circuit board assemblies, cables, and harnesses to the most exacting specifications. CirTran is headquartered in Salt Lake City, Utah, with a state-of-the-art 40,000-sq.-ft. facility. CirTran also provides "just-in-time" inventory management techniques that minimize the OEM's investment in component inventories, personnel and, related facilities, thereby reducing costs and ensuring speedy time-to-market. For further information about CirTran, please visit the Company's website located at www.cirtran.com.
Safe Harbor Statement
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the company's periodic filings with the Securities and Exchange Commission.
Contact:
Contact: Trevor M. Saliba
Company: CirTran Corporation
Voice: 818-788-2033
URL: http://www.cirtran.com
Contact: Ron Gardner
Company: Equitilink
Voice: 877-788-1940
URL: http://www.equitilinkpr.com
--------------------------------------------------------------------------------
Source: CirTran Corporation
TFCT finally starting to move up. MM's played around with it to much.
Bought TFCT, Looks ready to go.
PACC news
Pacel Tackles Blocks of $25 Billion Industry
Business Wire - October 07, 2003 10:52
MANASSAS, Va.--(BUSINESS WIRE)--Oct. 7, 2003--Pacel Corp. (OTCBB:PACC) announced today that it will continue to pursue large blocks of the $25 billion Human-Resource Outsourcing industry through aggressively pursuing acquisitions of Professional Employer Organizations (PEOs). It recently announced that it has entered the second phase of the acquisition of several privately-held PEOs as it continues to meet its goal of reaching $250 million in billing stream by years end.
Even though this goal represents only 1% of the current market, it firmly establishes the company's operational strength, and the feasibility of new business development activities as management steadfastly pursues larger and larger targets.
Pacel CEO, Dave Calkins noted, "The market is so vast that while we capture even small percentages of the market it represents tremendous increases in our annual revenue and the effective profitability of the firm. We used a significant amount of time this year developing our infrastructure to a point where we could acquire and service large books of business more efficiently and effectively than our competitors. Now we are reaping the rewards. As a result of our activities, we are anticipating significant additions to our bottom line and surprisingly substantial increases in profitability."
The statements contained in this press release that are not historical facts are forward-looking statements that involve a number of risks and uncertainties. Therefore, the actual results of future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: (i) regulatory and tax developments; (ii) the effectiveness of the Company's sales and marketing efforts; (iii) changes in the competitive environment of the industry; (iv) changes in general economic conditions; (v) changes in the Company's direct costs and operating expenses; (vi) the estimated costs and effectiveness of capital projects and investments in technology and infrastructure; (vii) management's ability to effectively implement its business strategy. These factors are described in further detail in filings with the Securities and Exchange Commission.
CONTACT: KBK Ventures, Inc., Houston
David Bromberg, 713/624-7110
Alot of people talking about PIC, What do you guys think? I am not to sure but seems alot of people feel pretty confident it is going to run hard but I just don't see it. So what do you guys think?
See if VSYS can continue it's upward movement today. Still no news out but they have decent news it should move fast.
Will be interesting to see what happens to LOOK today. The rest of the 2003 are supposed to be unchanged but Microsoft pulls out in Jan 2004. Guidence is the same for 2003.
Thanks Archangel. And yes, it does look interesting. This is the best volume on the stock since Jan also on consecutive days... That tells you how low volume this stock is when there was only 138,000 on the volume yesterday..
I feel really bad for these people. Tomorrow should be really bad because I am sure not everyone saw this news.
Found it..LookSmart says losing Microsoft MSN deal
6 October 2003, 4:26pm ET
SEATTLE, Oct 6 (Reuters) - Internet search company LookSmart Ltd. (NASDAQ:LOOK) said on Monday that Microsoft Corp.'s (NASDAQ:MSFT) MSN Internet division will end its licensing agreement after Jan. 15, 2004, which will "adversely affect" LookSmart's earnings outlook.
San Francisco, California-based LookSmart said that Microsoft chose not to renew its distribution and licensing deal with the company, which provides paid search technology that allows advertising to be displayed along with search results.
"LookSmart's business and financial results will be materially and adversely affected following the end of the MSN relationship," LookSmart said in a statement. "Microsoft accounted for approximately 65 percent of listings revenues, and all of LookSmart's licensing revenue in the second quarter of 2003
LOOK getting spanked in A/H I don't know what happened but saw someone posted on the LOOK raging Bull boards that CNBC claims Microsoft is ending it's relationship with LOOK
VSYS keeps upticking on very little volume and no news. Past 2 trading days it had it's highest volume in 7 months. If they have news coming and thats (if) it could move fast. Very low volume stock.
VSYS upticking on no news. Very little volume. Something could be up with it. Lets see what happens..
dsertrat, Doesn't have to be the pennies. As long as a stock looks good feel free to post it.
Great call Joe, Sure is having a good day.
Bought HYTT. See what happens.
WEL is flying today, up .44? They had their reverse last week but this thing just got wings today. Looks like it may pull back but wow, Where did that come from?
AMEP is getting alot of volume today. Already in the first hour it has exceeded all of Friday's volume and Thursday's volume was 633,700. So far today they are 466,400 as of right now with alot of it buying.
UNSP really wants to move. No trades today and they upticked it and still no takers but they want to move that price up. They come out with news and they are really going to move.
Amstar Financial Services Inc. Wins Legal Victory; Summary Judgment Against National Bank of Commerce Re-Affirmed; Amstar Wins More Attorney's Fees
Business Wire - October 06, 2003 08:30
JUPITER, Fla.--(BUSINESS WIRE)--Oct. 6, 2003--On July 10th 2003, in the Circuit Court of the 13th Judicial Circuit in and for Hillsborough County, Florida: Amstar (OTCBB:AMAF) subsidiary Jupiter Mortgage Corporation (JMC) was granted its Motion for Summary Judgment against National Bank of Commerce, on the merits, and including an order for NBC to pay related attorney's fees. At that time Nelson A. Locke, Amstar CEO stated, "For reasons never fully explained to us, Jupiter was wrongfully named in this meritless lawsuit brought by NBC. This was a case of mistaken identity. Amstar and JMC made repeated good faith efforts to satisfy NBC's questions and avoid litigation. With complete disregard of publicly available factual information that would have answered their questions, they elected to sue JMC. Amstar successfully defended resulting in a complete and total dismissal of NBC's claims and an order requiring NBC to pay a portion of our legal expenses. We will not tolerate and shall immediately defend against any meritless litigation. We want to assure our shareholders, however, that we will not be distracted from our primary mission of increasing business and improving our fundamentals."
That having been said, NBC continued to pursue this litigation against JMC by filing motion after motion in an attempt to reverse the judgment and avoid responsibility for what the Courts had already found to be a wrongful action. NBC's legal machinations caused Amstar to commit yet more resources and management attention to defeating this wrongful action. Amstar is please to report that it has prevailed. On Friday, October 3rd 2003, once again in the Circuit Court of the 13th Judicial Circuit in and for Hillsborough County, Florida -- the Summary Judgment in Amstar's favor was upheld and Amstar was awarded additional Attorney's Fees retroactive to the inception of the wrongful action. Mr. Locke comments "In my opinion this continued litigation constituted an abuse of the legal system. Amstar thanks the Courts for seeing through this charade as NBC attempted to confuse the facts and extract itself from a bad situation. We repeatedly tried to stop them from harassing us. We have a business to run. Going into the Courts is never our first choice. However, when we must -- we will. We will always protect our shareholders from predatory legal actions such as this."
Amstar Financial Services, Inc is the new name for America's Senior Financial Services, Inc. The Company's prior trading symbol was AMSE. The Company's new trading symbol is AMAF. AMAF trades on the OTC-BB. The change became effective on October 1st, 2003.
Caution Concerning Forward-Looking Statements: The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements. This news release contains an update regarding a recent legal victory by the Company. It is uncertain if this legal victory will have an effect on our future business results. Our results are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in this news release. Factors that might cause such a difference include the possibility of lower revenues for the balance of the fiscal year, greater than anticipated operating costs, issuance of additional shares, the outcome of other litigation, the decline of availability of mortgages at reasonable rates, and a downturn in general economic conditions. These forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements to reflect events or circumstances arising after the date on which they are made. To contact Investor Relations, email the Company at info@americassenior.com. The Company's web addresses are www.americassenior.com www.synergy-mortgage.com and www.jupiter-mortgage.com.
CONTACT: Amstar Financial Services Inc., Miami
Nelson Locke, 305-751-3232
No problem dave. Just whatever is said on Raging Bull don't take it to heart. Alot of goofs on Raging Bull, shorters and pumpers alike. A important thing to remember with Raging Bull is always use your own mind in decisions about companies and also do your own homework. Because on those boards you will have one person telling you the company is going Bankrupt and another telling you that they heard news was coming that would take the stock to 10.00 by weeks end. There is some helpful info on there but like I said, don't believe everything you read on there because 75 percent of what is said is only opinion....
I am sure Elite is being paid in shares and many times they are paid by preformance of stock price. This can be a good thing as far as bringing in buying however at the same time that will make the stock more volitale and the ups and downs. Lets hope it all works out good..
And your welcome. Glad I can help..
No, I didn't get a alert, somone else noticed it and posted about it on the MBTT board on Raging Bull. He is pretty mad about it to..lol Your right, it should be reported as news but it wasn't. I think there was a decent number of people that were picking up shares in the .40's and then in the .20's also. Alot of people had to average down because when they got in the price was .90's to 1.20 or higher so when the price dropped so much they averaged down so it is hard to tell if that was someone who averaged way down or was it someone who was selling S-8 shares. Thats the big question. But I can't picture anyone selling S-8 shares when the company was due to put out such big news. just my opinion of course but I just can't picture it. Like I said, this week will tell alot about what haapens over the next few week. We just have to keep a eye on it....I would like to think the company is going to run their Awareness Campaign that they said they are going to do, That would help absorb the S-8 shares. It depends on if the company issued all of those S-8 shares or if they are holding onto some of them and going to give them out here and there. That would help if they issued them here and there because then we don't have to worry about a selloff. The company seem they want to do right by themselves and the share holders but the question remains will they is the key. I guess we will find out how they do it..
Dave, thats the whole deal in a nutshell. It is meeting resistance right now because someone is selling at or around the .85 to .90 and it couldn't get past that. With such a low float they could easily let the price go up and if they meet the conditions they could get listed. The next couple of weeks will tell what they want to do. If they start dumping shares then they just want the money, but if they hold on to those shares and let the price go higher than that will just benifit the company and the share holders. But time will tell what happens. Here is the link for the S-8 filing
http://www.nasdaq.com/asp/quotes_sec.asp?mode=&kind=&symbol=mbtt&symbol=&symbol=&...
davillionare. Some good questions, first off, communication isn't the companies better qualities. However, I have gotton a hold of them but it had taken me 8 days to do so before I got my first reply. Then I had regular contact with them. This past week since Wed I have been able to get a hold of them. I sent a couple of e-mails. I have owned them for about 2 months. Do I expect them to do good, well, I hope so, I expect them to yes, the low float is great however they had a filing for S-8 shares, 3 million of them. That could very well slow the improvment on the share price. It all depends on what they do with them. If they dump them the price will drop fast with the low float but if they hold them it shouldn't hurt to much. IF and I mean IF they continue with the Awareness Campaign they mentioned in their PR a couple of weeks ago the price can move up easily. I wish they didn't file that S-8 because I feel this could easily run over a buck to 1.50 as long as they don't start selling those S-8 shares. So whatever you do, keep a close eye on the volume. The price could have wild swings between the S-8 and also news. I had bought a bunch of shares when it dropped to .40 and into the .20's after buying my first bunch at .92 So I had averaged way down. I do feel they can do well and I don't feel they have started dumping s-8 shares. Follow up isn't their best quality either. I will tell you what, I will give you Sean O'Keefe's e-mail addy with MBTT and see if you can get a hold of him and ask him about the follow up
sokeefe@rogers.com
Scrooge
Hang in there buddy. I know, pennies get tough like that but better days are ahead. The reason they are all OTC is most suck and they put out BS Pr's There is a reason that 90% never make it to better listings. Because they are surrounded by BS hype. But you don't need me to tell you that. You know what I mean..lol Friday's late day rush I am hoping carries into next week. Lets keep our fingers crossed for next week.
Had a good week but not a great week. Saw on a few stocks they were getting buys and the MM's were pulling them back and then late in the day they were taking sells and just moving them up. I am thinking(hoping) it is a better week this week. Mm's seem reluctent to really let anything move. Makes it tough out there. But the late day run on a bunch of stocks I am hoping runs them into a good week. Wise threw out the TRBY news and they were taking all buys in and then they pulled it back. Just a example or we would get the spreads like a .02 spread on a .04 stock.
WSHA .065 on the Bid and the ask is .085 as another example.Was .06 and .07 and they started jumping the ask and left the bid sitting behind . Thing is they did that on alot of stocks and then once they sucked in all the buys they would drop the ask down and then the bid down.
MBTT they had the spread sitting .65 and .80 Who the hell wants to pay that. Then they did us a favor and moved it to .70 and .80 for a couple of hours. Then finally they moved it up but they took the action right out of it. Took a couple of days to move to .90 from the news they had.
Bought USTT at .39 with this news..
USA Technologies Receives $4.5 Million Equity Investment from a Large Boston-Based Institutional Investor on Behalf of Its Clients
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Company Receives a Total of $5 Million Through the Sale of Common Stock
MALVERN, Penn, Oct. 3 /PRNewswire-FirstCall/ -- USA Technologies, Inc. (OTC Bulletin Board: USTT), announced today that it had raised a total of $5 million in equity capital through the sale of 20,000,000 shares of restricted common stock to a large Boston-based institutional investor on behalf of its clients and several other investors.
The shares of common stock have not been registered under the Securities Act of 1933, as amended, and may not be subsequently offered or sold by the investors absent registration or applicable exemption from the registration requirements. USA Technologies has agreed to file a registration statement covering the resale of the common stock by the investors.
"We believe this investment represents the strongest endorsement to date of our products, services and business model," said George R. Jensen, Chairman and CEO of USA Technologies. "This is the largest investment to date by institutional investors in the Company -- and is exceptionally well timed -- as we believe the Company is now positioned for significant growth."
"Today, all of the elements are in place for USA Technologies to succeed. We have the strongest balance sheet in our history and our cash position has never been better. We have a growing revenue stream and customer base that is rapidly accelerating. Our product line continues to expand and positively impact a range of industries, from vending and business equipment, to energy management and commercial laundry."
This financing comes after USA Technologies' successful acquisition of the assets of Bayview Technology Group; a profitable Denver-based company recognized as a leader in intelligent energy management solutions for the vending industry and commercial appliances. Last week, USA Technologies appeared at the Edison Electric Institute National Expo in New Orleans, where its energy management solutions headlined the Expo's exhibits. These solutions, which generated tremendous interest, included solutions that Albertson's, one of the world's largest food and drug retailers, as well as Austin Energy, have recently purchased from the Company to reduce energy consumption and emissions at thousands of locations.
About USA Technologies:
USA Technologies is a leader in the networking of distributed assets, wireless, cashless transactions, associated financial/network services, and energy management. USA Technologies provides networked credit card and other cashless systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner and an inaugural member of the Sprint Enabling Application Service Provider Program for e- commerce. The Company has marketing agreements with the IBM Corporation, MEI and the ZiLOG Corporation. http://www.usatech.com
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product acceptance, the ability to increase revenues, the ability to achieve profitability, the ability to obtain orders for its products, the ability to obtain new customers, the ability to meet installation goals, economic, competitive, governmental impacts, whether its pending patents will be granted or defendable; validity of intellectual property and patents of USA, the ability of USA to license its patents, the ability of USA to commercialize its developmental products, technological and/or other factors, which could cause actual results or revenues to differ materially from those contemplated by these statements.
CONTACT: George R. Jensen, Jr., Chairman & CEO, or Stephen P. Herbert, President & COO, or sherbert@usatech.com, both of USA Technologies, 800-633-0340; or investors, Ken Sgro of CEOcast, Inc., +1-212-732-4300, for USA Technologies.
SOURCE USA Technologies, Inc.
/CONTACT: George R. Jensen, Jr., Chairman & CEO, or Stephen P. Herbert,
President & COO, or sherbert@usatech.com, both of USA Technologies,
800-633-0340; or investors, Ken Sgro of CEOcast, Inc., +1-212-732-4300, for
USA Technologies/
/Web site: http://www.usatech.com /
(USTT)
Well Joe, good call and thanks for the heads up on the MM. Are your expectations about the same as my best guess?
Chuck
UNSP upticked on the bid already a couple of times this morning. Still room to get in I believe, My best guess is this should keep moving up and may end up hitting .20 if it breaks resistance at .12
bought UNSP today. Looking interesting.
re FMDAY. Island book viewer showing 3 100k buy orders in on FMDAY
FATS news
Firearms Training Systems, Inc. Announces $3,500,000 in Multiple U.S. Military & Governmental Contract Awards
Business Wire - October 02, 2003 10:15
SUWANEE, Ga.--(BUSINESS WIRE)--Oct. 2, 2003--Firearms Training Systems, Inc. (OTC: FATS) announced today that they have received multiple contract awards in excess of $3,500,000. These awards were received during the period of 1 August through 30 September, from multiple U.S. Military and Government organizations. The contracts require delivery of digital systems, upgrading of existing systems and a variety of weapons simulators, courseware and service. Deliveries, installation and training will begin in October and will continue through May 2004.
CEO Ron Mohling stated that, "We continue to enjoy great success in this marketplace and are pleased that the majority of the U.S. Military and Government organizations select FATS as their provider of choice for their virtual training needs. FATS is proud to be a leading contributor in making the world a safer place by providing quality virtual training products that increase individual and small unit competency."
FATS(R) is an ISO 9000 certified company and is the leading worldwide producer of interactive simulation systems, incorporating exceptional advanced technology, designed to provide a comprehensive range of military and law enforcement training capability including the handling and employment of small and supporting arms, judgmental, tactical, and combined arms.
CONTACT: Firearms Training Systems, Inc., Suwanee
John Morelli, 770-622-3337
jmorelli@fatsinc.com
Have order in for FMDAY, They look about ready for another run very soon.
USXP news just out. Universal Express --USXP-- Announces 2003 Financial Results Revenues Increase by 550 Percent
Business Wire - October 01, 2003 10:14
NEW YORK--(BUSINESS WIRE)--Oct. 1, 2003--Universal Express, Inc. (OTCBB:USXP) announced the filing of its financial results for the fiscal year ending June 30, 2003.
Revenues for fiscal 2003 increased to $2,436,000 from $431,000 in fiscal 2002, an increase of over 550 percent.
"Our Financial growth has been developing ahead of schedule. From potential acquisitions, new strategic alliances and societal acceptance of our luggage service, I believe that Universal Express' future remains positive", said Richard A. Altomare, President & CEO of Universal Express.
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp., (including its USXP Cash Express division), Universal Express Logistics, Inc. (including The Virtual Bellhop, LLC and Luggage Express) and the WorldPost(TM) Private Postal Network, Inc. These subsidiaries and divisions provide the private postal industry and customers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods worldwide.
More information and web site locations are available at www.usxp.com.
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Equitilink
Mr. Ron Garner, 877-788-1940
USXP showing some life today.Looking better today than it did yesterday.
MB Tech Receives $6.14 Million Purchase Order For 45,000 Flat Antennas; Delivery to Leading Japanese Antenna Distributor Scheduled to Begin in March 2004
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LOS ANGELES, Oct. 1, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT), a global manufacturer and distributor of satellite electronics, today announced that it has received a US $6.14 million purchase order for its new proprietary Flat Antenna system from Eastech, a leading distributor of satellite electronics and components to the commercial and consumer electronics markets in Japan.
Pursuant to a field test scheduled to occur in Hokkaido and Kyushu, Japan on November 10, 2003, the terms of the purchase order provide for the delivery of 45,000 units in total with initial shipments beginning in March 2004.
MB Tech's new proprietary Flat Antenna system is designed to cater to the needs of the satellite entertainment user, regardless of where they may be. The small form factor antenna provides mobility, ease of use, and exposure to multiple vertical markets, including apartments, condos, boats, RVs, SUVs and limousines. The new 14" x 14" Flat Antenna has a max 32 dBw gain and covers most of the area that typical 18" dishes would. MB Tech engineers used leading-edge micro-strip patch array design technology and special manufacturing methods to connect the antenna and the Low-Noise Blockdown Converter (LNB).
Hanwook Bae, CEO and president of MB Tech, stated, "We are very pleased with the immediate response we are receiving to our exciting new Flat Antenna technology. We fully expect that as we persist in our efforts to demonstrate its unique and powerful capabilities to industry-leading distributors and service providers, global demand will accelerate accordingly."
About MB Tech, Inc.
MB Tech is a global manufacturer and distributor of satellite components. The primary product MB Tech produces is "LNB" (Low-Noise Blockdown) converters, which are the essential element enabling DBS satellites to receive and convert satellite transmission signals. MB Tech currently serves the satellite television market, and is expanding to serve the satellite radio and military hardware sectors. MB Tech manufactures several proprietary LNB solutions that differentiate it from competitors. MB Tech's product line includes a dual-horn LNB, which allows multiple set-top boxes to be connected to a single satellite dish, enabling viewing of multiple channels simultaneously on different television monitors, and a tri-horn LNB, which provides the ability to download signals from multiple satellites over a single dish. For more information, refer to the Company's website at: http://www.mbtech.us.
The statements contained in this release and statements that the Company(s) may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.
-0-
CONTACT: Elite Financial Communications Group
Stephanie Noiseux, Vice President of Client Relations
(407) 585-1080
steph@efcg.net
MB Tech Receives $6.14 Million Purchase Order For 45,000 Flat Antennas; Delivery to Leading Japanese Antenna Distributor Scheduled to Begin in March 2004
Jump to first matched term
LOS ANGELES, Oct. 1, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT), a global manufacturer and distributor of satellite electronics, today announced that it has received a US $6.14 million purchase order for its new proprietary Flat Antenna system from Eastech, a leading distributor of satellite electronics and components to the commercial and consumer electronics markets in Japan.
Pursuant to a field test scheduled to occur in Hokkaido and Kyushu, Japan on November 10, 2003, the terms of the purchase order provide for the delivery of 45,000 units in total with initial shipments beginning in March 2004.
MB Tech's new proprietary Flat Antenna system is designed to cater to the needs of the satellite entertainment user, regardless of where they may be. The small form factor antenna provides mobility, ease of use, and exposure to multiple vertical markets, including apartments, condos, boats, RVs, SUVs and limousines. The new 14" x 14" Flat Antenna has a max 32 dBw gain and covers most of the area that typical 18" dishes would. MB Tech engineers used leading-edge micro-strip patch array design technology and special manufacturing methods to connect the antenna and the Low-Noise Blockdown Converter (LNB).
Hanwook Bae, CEO and president of MB Tech, stated, "We are very pleased with the immediate response we are receiving to our exciting new Flat Antenna technology. We fully expect that as we persist in our efforts to demonstrate its unique and powerful capabilities to industry-leading distributors and service providers, global demand will accelerate accordingly."
About MB Tech, Inc.
MB Tech is a global manufacturer and distributor of satellite components. The primary product MB Tech produces is "LNB" (Low-Noise Blockdown) converters, which are the essential element enabling DBS satellites to receive and convert satellite transmission signals. MB Tech currently serves the satellite television market, and is expanding to serve the satellite radio and military hardware sectors. MB Tech manufactures several proprietary LNB solutions that differentiate it from competitors. MB Tech's product line includes a dual-horn LNB, which allows multiple set-top boxes to be connected to a single satellite dish, enabling viewing of multiple channels simultaneously on different television monitors, and a tri-horn LNB, which provides the ability to download signals from multiple satellites over a single dish. For more information, refer to the Company's website at: http://www.mbtech.us.
The statements contained in this release and statements that the Company(s) may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.
-0-
CONTACT: Elite Financial Communications Group
Stephanie Noiseux, Vice President of Client Relations
(407) 585-1080
steph@efcg.net
Latino. Really big news for MBTT today...6.14 million dollar purchase order.
October 01, 2003 07:00
MB Tech Receives $6.14 Million Purchase Order For 45,000 Flat Antennas; Delivery to Leading Japanese Antenna Distributor Scheduled to Begin in March 2004
Jump to first matched term
LOS ANGELES, Oct. 1, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT), a global manufacturer and distributor of satellite electronics, today announced that it has received a US $6.14 million purchase order for its new proprietary Flat Antenna system from Eastech, a leading distributor of satellite electronics and components to the commercial and consumer electronics markets in Japan.
Pursuant to a field test scheduled to occur in Hokkaido and Kyushu, Japan on November 10, 2003, the terms of the purchase order provide for the delivery of 45,000 units in total with initial shipments beginning in March 2004.
MB Tech's new proprietary Flat Antenna system is designed to cater to the needs of the satellite entertainment user, regardless of where they may be. The small form factor antenna provides mobility, ease of use, and exposure to multiple vertical markets, including apartments, condos, boats, RVs, SUVs and limousines. The new 14" x 14" Flat Antenna has a max 32 dBw gain and covers most of the area that typical 18" dishes would. MB Tech engineers used leading-edge micro-strip patch array design technology and special manufacturing methods to connect the antenna and the Low-Noise Blockdown Converter (LNB).
Hanwook Bae, CEO and president of MB Tech, stated, "We are very pleased with the immediate response we are receiving to our exciting new Flat Antenna technology. We fully expect that as we persist in our efforts to demonstrate its unique and powerful capabilities to industry-leading distributors and service providers, global demand will accelerate accordingly."
About MB Tech, Inc.
MB Tech is a global manufacturer and distributor of satellite components. The primary product MB Tech produces is "LNB" (Low-Noise Blockdown) converters, which are the essential element enabling DBS satellites to receive and convert satellite transmission signals. MB Tech currently serves the satellite television market, and is expanding to serve the satellite radio and military hardware sectors. MB Tech manufactures several proprietary LNB solutions that differentiate it from competitors. MB Tech's product line includes a dual-horn LNB, which allows multiple set-top boxes to be connected to a single satellite dish, enabling viewing of multiple channels simultaneously on different television monitors, and a tri-horn LNB, which provides the ability to download signals from multiple satellites over a single dish. For more information, refer to the Company's website at: http://www.mbtech.us.
The statements contained in this release and statements that the Company(s) may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.
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