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Brazil launching $5 billion hunt for more oil
Effort would provide ships, rigs for deep water extraction
RIO DE JANEIRO, Brazil - Brazil on Monday announced plans to spend at least $5 billion to develop deep water oil finds, building new ships and hiring rigs as soaring world fuel prices boost demand for drilling equipment.
State-run oil company Petroleo Brasileiro SA, or Petrobras, will spend $5 billion to build 146 ships and plans to hire 40 deep-water drilling rigs and platforms, President Luiz Inacio Lula da Silva told shipbuilders in Niteroi, a harbor town near Rio de Janeiro's coast. Analysts said the additional equipment could cost an extra $15 billion.
Petrobras has made a series of large offshore oil finds in the nearby Santos Basin, including a possible 8 billion barrel discovery at the Tupi field in November — the biggest in the Western Hemisphere since 1976.
But as global oil prices soar, competition for equipment to tap that oil is increasing. Petrobras now leases nearly 80 percent of all deep-water drilling vessels in the world, according to local media reports. A Petrobras spokesman declined to confirm that figure or give his name, citing company policy.
The plan to modernize Petrobras' own fleet would employ about 8,000 shipbuilders, at least 70 percent of them Brazilian, and would require an additional 3,800 crew members once the ships are complete in 2017, Petrobras said in a statement.
Silva noted that Brazil's naval industry has grown more than 20 times since he took office in 2003, from 1,900 to 40,000 workers today.
Petrobras, which Silva said has become the world's sixth largest company, announced last week that it had discovered new medium-grade crude deposits in the Santos Basin at a depth of 4.2 miles. It did not estimate the size of the find.
Deep underwater layers of sand, rock and salt make extraction expensive.
Thank you Brikk- excellent analysis!
Great to review that perspective given the games that are played with the MM's.
Much opportunity exists at Deep Down Inc. given the facts during the past 12 months.
Have a wonderful Memorial Day Weekend.
Investor 100
Many Thanks Bud Fox for your excellence!
Enjoyed reading your comments and charts for many months.
Many thanks for your great DD on Deep Down and look forward to reading many of your posts going forward!
Cheers!
Investor 100
Deep Down Setting New Heights!
The acquisitions of past and perhaps more to come making Deep Down a respected player in this industry!
Great news before the summer / hurricane season begins!
The letter of intent is subject to the negotiation of a final purchase order. In addition, Deep Down is currently in negotiations with Delba International to supply and install the flotation system for the new-build Delba IV. Both the Delba III and the Delba IV are rated to drill in 2,400 meters of water but are readily upgradeable to 2,700 meters and have long term contracts to drill in Brazilian waters. The rig set of flotation for the Delba III is scheduled to be delivered in less than one year.
On April 17, Deep Down announced a definitive agreement to purchase all of the outstanding capital stock of Flotation Technologies, Inc. Flotation recently introduced its patent pending CoreTec(TM) drilling riser buoyancy modules, which Deep Down believes can become the industry standard for ultra deepwater applications. Subject to completion of this acquisition, it is expected that the drilling riser flotation systems to be provided under the Delba letter of intent will be manufactured by Flotation Technologies in Biddeford, Maine. Deep Down will handle installation of the drilling riser buoyancy.
Hurricane Outlook for 2008!
ASHINGTON (CNN) -- The approaching 2008 Atlantic hurricane season is likely to be above normal, with up to 16 named storms and up to five major hurricanes, the National Oceanic and Atmospheric Administration said Thursday, citing climate conditions.
Hurricane Dean, a Category 5, hit Mexico and Nicaragua last year.
The outlook, issued by the NOAA's Climate Prediction Center, calls for "considerable activity," with a 65 percent probability of an above-normal season, and an overall 90 percent chance the season will be normal or above, the agency said in a news release.
A "normal" season has 11 named storms, six hurricanes and two major hurricanes of Category 3 or higher on the Saffir-Simpson scale of hurricane intensity.
For 2008, NOAA said, there is a 60 to 70 percent chance of between 12 and 16 named storms.
"The outlook is a general guide to the overall seasonal hurricane activity," said Conrad Lautenbacher, undersecretary of commerce for oceans and atmosphere and a NOAA administrator, in the news release. "It does not predict whether, where or when any of these storms may hit land. That is the job of the National Hurricane Center after a storm forms."
The agency on Thursday urged residents of coastal states to be prepared for the season, which begins June 1. It said the outlook is based in part on lingering effects of La Nina, a phenomenon in which surface waters in the eastern Pacific are colder than normal.
Storms aren't named until they are designated tropical storms, with sustained maximum winds of at least 39 mph. Tropical storms become Category 1 hurricanes when their sustained winds reach 74 mph, and major Category 3 hurricanes when their winds reach 111 mph.
The NOAA's outlook falls in line with predictions issued earlier by the noted Colorado State University hurricane forecasting team. In an updated forecast issued April 9, the CSU team predicted 15 named storms, an increase from its December number of 13. Of those, it predicted eight will become hurricanes and four will grow into major hurricanes.
The team calculated a 69 percent chance that at least one major hurricane will make landfall on the U.S. coast. In addition, the team said there is an above-average major hurricane landfall risk in the Caribbean.
The predictions came after calmer-than-normal seasons of 2006 and 2007.
But "we believe that the Atlantic basin is still in an active hurricane cycle," William Gray, who co-heads the CSU team, said in December. "This active cycle is expected to continue at least for another decade or two. After that, we're likely to enter a quieter Atlantic major hurricane period."
The 2007 season was the weakest in five years, despite two hurricanes making landfall at Category 5 intensity, according to the National Hurricane Center. Hurricanes Dean and Felix hit Mexico and Nicaragua respectively, marking the first time in history that two Category 5 storms made landfall in the same season since records started being kept in 1851, according to the National Hurricane Center.
Of 2007's six hurricanes, only one -- Humberto -- made landfall in the United States, striking the upper Texas Gulf Coast on September 13. Humberto was blamed for one death.
In 2006, there were nine named storms and five hurricanes. None made landfall in the United States. Gray's team that year had predicted 17 named storms and nine hurricanes, five of them major.
Minnesota Dependent on Bio-Diesel!
Biofuels International
16th May, 2008
Minnesota Governor Tim Pawlenty signed legislation on 12 May to increase Minnesota's biodiesel requirement from 2% to 20% by 2015.
Minnesota introduced a 2% biodiesel mandate in August 2005 in conjunction with the opening of Minnesota Soybean Processors' (MnSP) 30 million gallon a year soyabean oil refinery.
In 2007 Pawlenty announced plans to increase the mandate, and over the course of the past two months, bills made their way through both the House and Senate.
The legislation calls for a gradual increase in the biodiesel mandate, going from 2% to 5% by May 2009, and then climbing to 10% in 2012 before reaching 20% biofuel content in all diesel sold in the state by 2015.
With the current 2% biodiesel mandate, approximately 16 million gallons of the soya-based product is used for blending each year in Minnesota. When the mandate increases to 5% in 2009, 40 million gallons of biofuel will be needed, and 80 million gallons will be needed when the blended requirement reaches 10% in 2012.
click here to visit the StocExpo Europe siteclick here to visit the biofuels international expo & conference site Rohm and HaasICM Incsbz corporationBiofuels Summit & Expo DS Engineers Vogelbuschcrown iron works company desmet ballestraPerkinElmer Harbourg Freudenberger EuroPetrobiofuelsb2b.com
Great Day at Adino Energy!
1) Oil keeps breaking records!
2) This sector is hot!
3) Great management team!
4) Shareholder friendly
5) Much more expansion and opportunities throughout 2008 ( IMO )
Have been buying shares for many months - pleased to be here!
Cheers.
Investor 100
NEW YORK (Reuters) - After focusing heavily on gasoline for decades, U.S. oil refiners are starting to redirect their attention to hiking diesel production capacity to cash in on a global boom in demand for the fuel.
The work may be slow to come online, however, as U.S. refiners finish up a slew of current crude processing capacity projects they've already committed to and gauge competition from robust refinery expansion plans overseas.
"The trend that is important behind the story of the future expansions is the downtrend in gasoline," said Joanne Shore, analyst for the U.S. Energy Information Administration. "Any investment decisions, I would assume, would be focused on how we are going to boost the distillate yield, relative to the gasoline," she said.
American refinery infrastructure has been heavily biased in favor of gasoline production for decades, but the motor fuel has lost some of its luster as high costs at the pumps and the rise of biofuels cut into U.S. demand growth.
U.S. legislation mandating an increase in ethanol production and requiring greater fuel efficiency is expected to reduce the demand for gasoline from U.S. refineries by 7 percent by 2022, according to EIA calculations.
Meanwhile, tight power supply and rising energy demand in countries like China, South Africa, Chile, Argentina and parts of the Middle East have touched off a global boom in demand for distillates for use in electricity generators, adding to robust demand for the fuel from the European auto fleet.
Valero Energy Corp (VLO.N: Quote, Profile, Research), a leading U.S. refiner based in San Antonio, Texas, has already focused several expansion projects -- in Port Arthur, Texas, and St. Charles, Louisiana -- on increasing distillate output instead of gasoline.
"We feel that demand for distillates is going to be higher than gasoline for the next several years. And margins right now for distillates are quite a bit higher than gasoline, so it makes more sense to do your investments there than other projects," Valero spokesman Bill Day said.
While the bias in the United States is shifting toward diesel, energy experts warn that refinery expansions overseas could cut further into domestic plans.
Countries in the Middle East and Asia are seeing a surge in refinery building, with investors attracted to the rapidly growing markets for fuel nearby and a regulatory environment that is friendlier to refineries.
"I suspect, if you look at the (crude oil) distillation numbers, they're really eye-popping," Sarah Emerson, director of Energy Security Analysis Inc, said about global refining capacity.
India's mammoth 580,000 barrel per day Reliance refinery, for instance, will come online at the end of 2008 and is expected to focus much of its production on exports, some of which are likely to displace gasoline from U.S. refiners.
The stiff competition from refineries abroad has even led some energy experts to predict that some older, less-efficient U.S. and European refiners will be forced to shut down.
Rising costs, thinner margins, and competition from overseas have already forced U.S. refiners to cut several high-profile expansion projects in recent years.
EIA's Shore said U.S. refiners will add about 800,000 barrels of crude distillation capacity by 2010, down from earlier estimates after Chevron (CVX.N: Quote, Profile, Research) , Marathon (MRO.N: Quote, Profile, Research), Sunoco (SUN.N: Quote, Profile, Research) and others canceled or deferred projects.
(Additional reporting by Simon Webb and Matthew Robinson; editing by Richard Valdmanis and Jim Marshall)
Great Day @ Adino Energy!
Looks like our time has come!
Pleased to be a shareholder and anticipate more developments in the future! IMO
Investor 100
Thanks Joe Smith!
Terrific Summary and congratulations to Deep Down for reporting some strong results!
I anticipate we will have continued growth for the balance of 2008 and 2009 ( IMO ).
Investor 100
Terrific news -Brikk-
The figures for the first quarter are terrific and what looks to be a strong 2008 given the 3M order announced earlier this week.
Pleased to be with the right company- hot sector- solid client base to move forward- and top management team to make things happen.
Pleased to be a shareholder!
Investor 100
Numbers are terrific- adding to my pile!
Investor 100
Nighthawk Systems Reports Seventh Sequential Quarterly Revenue Increase
First Quarter Revenues Increase 290% Over Previous Year Period
SAN ANTONIO--(BUSINESS WIRE)--Nighthawk Systems, Inc. (OTCBB: NIHK) (“Nighthawk”), a leading provider of wireless and IP-based control devices and solutions, today reported financial results for its first quarter ended March 31, 2008. The Company accomplished considerable progress during its first quarter of 2008, achieving growth in its core products, accelerating growth in its newly acquired set-top box business, and launching new initiatives in fault-tolerant control systems for mission critical monitoring applications, while continuing to lower overall costs.
The Company reported revenues for the first quarter of $826,000, a 290 percent increase over the first quarter of 2007 revenue of $212,000 and an increase of approximately 13 percent from the fourth quarter 2007 revenue of $735,000. The increase in first quarter revenues predominately reflects the inclusion of the set-top box business in 2008, which represented 62 percent of revenues for the period. The Company shipped 2,239 set-top box units during the quarter, has a current backlog of approximately 3,300 units and expects to experience an acceleration in the frequency and magnitude of orders for these units throughout 2008. The Company also continued its trend of year-over-year growth of its remote power control business, driven by a 125% increase in product sales to electric utilities and the Company’s initial deliveries of custom power control units to a provider of photo traffic and electronic toll enforcement services.
The increase in production, combined with reductions in operating costs and interest charges, led to a reduction in the net loss reported from $1.1 million in the first quarter of 2007 to $770,000 in the first quarter of 2008. After giving consideration to accumulated dividends on preferred stock of $180,000, the net loss applicable to common stockholders was $950,000 ($0.01 per share) in the 2008 period as compared to $1.1 million ($0.01 per share) in the 2007 period.
“While Nighthawk has in the past viewed the utility market as its largest source of revenues and anticipates an acceleration of the growth from this business in 2008, we also expect significant revenue contributions in 2008 from a number of initiatives introduced in 2007. The newly acquired set-top box product line will be a major contributor to the near-term growth of the Company, and we expect significant growth this year from sales of our power control products into new, mission-critical applications,” commented Doug Saathoff, CEO of Nighthawk Systems, Inc. “While our operating costs have been right-sized, we anticipate material improvement in our gross margins during the remainder of 2008 through both improvements to our manufacturing process as well as increased contract volumes. Additionally, we intend to continue making meaningful improvements to our balance sheet over the remainder of the year as we move towards generating positive cash flows by year end.”
About Nighthawk Systems, Inc.
Nighthawk is a leading provider of intelligent devices and systems that allow for the centralized, on-demand management of assets and processes. Nighthawk products are used throughout the United States in a variety of mission critical applications, including remotely turning on and off and rebooting devices, activating alarms, and emergency notification, including the display of custom messages. Nighthawk’s IPTV set top boxes are utilized by the hospitality industry to provide in-room standard and high definition television and video on demand. Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company’s website at www.nighthawksystems.com.
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
*** Financial Statements Follow ***
NIGHTHAWK SYSTEMS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
March 31,
December 31,
2008
2007
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 74,694 $ 428,484
Accounts receivable, net 217,417 313,644
Inventories 431,402 359,636
Prepaid expenses 64,754 93,684
TOTAL CURRENT ASSETS 788,267 1,195,447
FIXED ASSETS
Furniture, fixtures and equipment, net 260,434 269,619
Intangible assets, net 1,126,017 1,218,677
Debt issuance cost 283,955 310,428
Goodwill 3,397,537 3,397,537
NET FIXED ASSETS $ 5,067,943 $ 5,196,261
TOTAL ASSETS $ 5,856,210 $ 6,391,708
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable $ 422,805 $ 327,668
Accrued expenses 570,669 502,822
Deposits and other 263,977 218,148
Line of credit and notes Payable:
Line of credit 18,692 18,892
Convertible notes, net of discount of $808,446 in 2008
And $883,117 in 2007 1,209,732 1,135,061
Other notes 558,320
TOTAL CURRENT LIABILITIES 2,988,443 2,760,911
STOCKHOLDERS' EQUITY (DEFICIT)
Series A Preferred stock; $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding -
Series B Preferred stock; $0.001 par value; 1,000,000 shares authorized; 600,000 shares issued and outstanding at March 31, 2008 and December 31, 2007; liquidation preference of $6,000,000 5,597,206 5,417,699
Common stock; $0.001 par value; 200,000,000 shares authorized; 134,433,060 issued and outstanding at March 31, 2008 and December 31, 2007 134,433 134,433
Additional paid in capital 12,919,373 13,091,713
Accumulated deficit (15,783,246) (15,013,048)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 2,867,766 3,630,797
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,856,210 $ 6,391,708
Nighthawk Systems, Inc.
Condensed Consolidated Statements of Operations
Three Months Ended March 31,
(unaudited)
2008 2007
Revenue $ 826,321 $ 212,021
Cost of revenue 668,497 126,104
Gross profit 157,824 85,917
Selling, general and administrative expenses 629,289 708,799
Depreciation and amortization 107,388 2,535
Loss from operations (578,853) (625,417)
Interest expense:
Related parties - 480
Other 191,344 491,405
191,344 491,885
Net loss (770,198) (1,117,302)
Accumulated dividends on preferred stock (179,507) -
Net loss applicable to common stockholders $ (949,705) $ (1,117,302)
Net loss per basic and diluted common share $ (0.01) $ (0.01)
Weighted average number of common shares
outstanding, basic and diluted 141,789,726 90,083,937
Good observation Brikk!
That purchase should confirm the opportunity here at Adino Energy given the share price / volume!
Yesterdays news is just the tip on the iceberg and look forward to more news in the future.
Pleased to be a shareholder and adding on dips when possible.
Investor 100
Good Morning Sulphur Mt.
Not only have you provided great pictures over the many months for all to enjoy but also on scene taking pictures and making a visit- that is dedication- many thanks!
Look forward to your report and more pictures!
Safe travels too:)
Investor 100
Brikk-
Great suggestion!
I have sent this PR to all of my business contacts.
I can tell it works as many have responded positively!
Great news at Adino Energy and I suspect much more to come (IMO)
Pleased to be here and promote ADNY!
Cheers
Investor 100
Adino Energy Announces $3M Storage and Throughput Contract
PR Newswire
May 14, 2008: 08:23 AM EST
HOUSTON, May 14 /PRNewswire-FirstCall/ -- Adino Energy Corporation (OTC Bulletin Board: ADNY) today announced its wholly owned subsidiary, Intercontinental Fuels, LLC, has received a new multi-year storage and throughput contract from a prominent domestic fuel distributor.
"This contract represents more than $3 million in potential revenue over the full three-year term," commented Timothy G. Byrd, Sr., Adino Energy Corporation’s chief executive officer. "The name has been withheld at the customer’s request."
The initial two-year contract allows for automatic renewal of a third year, and features guaranteed fuel throughput, storage, and additive minimums.
Intercontinental Fuels will provide storage, blending, and terminalling with expected monthly throughputs of approximately 50,000 barrels, or 2.1 million gallons, of low-sulfur #2 diesel per month.
"Adino Energy is filling a vital need to our customers for reliable, affordable, and geographically desirable fuel distribution points. Contracts of this nature are increasingly desirable for larger fuel consumers and distributors, and typically guarantee minimum throughputs to Intercontinental Fuels regardless of actual usage," Byrd concluded.
About Adino Energy Corporation, Inc.
Adino Energy Corporation (ADNY) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. Adino Energy not only offers storage, delivery, and blending of diesel fuel, but also offers biodiesel to the growing "green" fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil.
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. Adino Energy Corporation urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
SOURCE Adino Energy Corporation
Top of page
Thanks tombrady12nh for the pictures.
They say a picture is worth a thousand words.
I am sure there are a thousand words that describes the pictures but I do not have time - only to say "thanks for the pictures" and efforts on your behalf.
Impressive outdoor facilities and what appears to be a full lot of cars means that much work is be done inside.
This acquisition bodes very well for Deep Down!
Cheers.
Investor 100
BellwetherReport.com Analyst Report on MMGW, CPNEE, ARSC and MENV
BellwetherReport.com is the leading online financial newsletter for investors seeking top independent and unbiased research. Investors seeking free and unbiased analyst opinions on the companies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports. Today, we have once again scheduled interviews with a number of the top analysts in North America to get an update feedback from them regarding the current market activity and position of Mass Megawatts Wind Power Inc. (OTCBB: MMGW), Commerce Planet Inc. (OTCBB: CPNEE), American Security Resources (OTCBB: ARSC) and Micro Enviro Systems Inc. (OTCBB: MENV).
To receive free access to these interviews and analyst reports sign up to www.bellwetherreport.com by clicking this link. These reports may also be updated reports so you will be able to access the past reports as on the above mentioned companies as well.
http://www.bellwetherreport.com/home/registration.php
Find out why one of our favorite small-cap analysts' John Myers, predicts a relatively unknown stock called Ameriwest Energy (AWEC) could make you over 400% on your investment by visiting his website www.secretoilstock.com.
http://www.bellwetherreport.com/home/registration.php
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All analyst reviews will be posted for free under "today's articles" within 24 to 48 hours of the interview being completed.
Each interview will vary and may include, but will not be limited to the following:
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-- Analyst Opinions
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Investors looking to access these interviews are encouraged to sign up now at http://www.bellwetherreport.com/home/registration.php.
Members are also given the opportunity to receive a free "custom stock review" on any equities you currently hold in your portfolio. Simply sign up, and in the members section of www.bellwetherreport.com, you can ask an analyst for his or her opinion of any stocks you currently have in your portfolio by filling out the form under the tab "custom stock review."
Bellwether Report is not affiliated or compensated by any of the above mentioned companies, nor do we own a position in any of the companies.
Contact:
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Bellwether Report
Email Contact
Commerce Planet Announces Investor Call for May 30, 2008
Commerce Planet, Inc. (OTCBB:CPNE) today announced that it intends to hold an investor conference call on Friday, May 30th, 2008, at 5:30 a.m. Pacific to provide an update on the Company’s operations. The Company also stated that it continues to seek resolution with the FTC and will provide an update of its activities to investors on the call. Details for the call will be provided in a separate release.
“We are looking forward to addressing our shareholders in order to discuss current operations and the traction we are making with regards to new business development,” said Tony Roth, President and Chief Executive Officer of Commerce Planet. “We remain confident in our transition plan to a full e-commerce business provider that offers the Iventa Web 2.0 Dashboard System™. In addition to our Iventa e-commerce solutions, our Legacy Media division is now well positioned to tap into the current, and growing, demand we see from companies who want to efficiently and effectively manage their e-commerce direct marketing campaigns alongside their online transactional businesses.”
About Iventa
Iventa is the global leader in web-enabled business management software. Iventa's core platform, the Dashboard System™, provides world-class software solutions ranging from out-of-the-box small business e-commerce website templates to full-scale enterprise e-commerce, subscription, content management, email, marketing, CRM and loyalty systems. The Dashboard System™ can be fully managed or custom integrated into almost any infrastructure via a robust web service platform. With the Dashboard System™, non-technical users have full control over their business functions without ever learning a single line of code or writing HTML. Enterprise clients and businesses, who maintain technical staff, have the flexibility to completely customize the implementation of the Dashboard System's™ broad range of web service enabled applications. The Dashboard System™ is available for single-use licensing or private-label/co-brand distribution via VAR's and agent channels. (US: (888) 8-IVENTA; International: (310) 640-0330; Web: www.iventa.com)
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology-driven online media, marketing, and fully integrated e-commerce provider that offers media products, lead generation services, list database management, e-commerce solutions, web marketing, call center support and CRM tools to its client partners as well as through its own direct selling businesses. Commerce Planet offers turn-key business solutions through Legacy Media, its marketing and media division, and membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard™ System by Iventa. In combination these services address the needs of small – medium size businesses, B2B and B2C marketing programs, and custom solutions for enterprise clients worldwide. For more about Commerce Planet (OTCBB: CPNE), visit our website at http://www.commerceplanet.com.
Forward Looking Statements
Except for the historical information contained herein, the matters set forth in this press release, including statements as to management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future, 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 the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products and services or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
Investor Relations:
ICR
John Mills/Anne Rakunas, 310-954-1100
Oil $127 !
NEW YORK (AP) -- Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production.
Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.
Oil prices: Light, sweet crude for June delivery rose as high as a record $126.98 a barrel in midday trading on the New York Mercantile Exchange Tuesday before retreating to trade up $1.33 at $125.56.
Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill., said traders were reacting to news reports that Iran's government is considering cutting crude oil production. James Cordier, president of Tampa, Fla., trading firms Liberty Trading Group and OptionSellers.com, said the news quickly made its way around trading floors.
In later news reports, Iranian officials denied that production cuts were imminent, but said a reduction has been discussed.
Cordier doubts Iran will actually cut oil production. The nation's economy is in bad shape, Cordier said: "They need all the petrodollars they can get."
Price at the pump: At the pump, meanwhile, the national average price of a gallon of regular gas rose 1.4 cents overnight to a record $3.732, according to a survey of stations by AAA and the Oil Price Information Service. Prices have now risen to the level at which the Energy Department forecasts they'll peak in June, on a monthly average basis; that means prices may still go higher, but their average will peak at around $3.73.
Many analysts have predicted prices will surge much higher, and may breach the psychologically important $4 level on a national basis within the next couple of months. Prices are already that high in many parts of the country.
Some analysts are beginning to question whether gas prices will follow their typical pattern of peaking around Memorial Day, then declining through the summer.
"Retail prices aren't going to decline as long as any part of the energy complex is heading higher," Ritterbusch said.
Diesel prices: Retail diesel prices rose 2.9 cents Tuesday to a national average of $4.39 a gallon, according to AAA and the Oil Price Information Service. The high price of diesel has helped drive up costs for goods and services throughout the economy.
Investors ignore dollar: In sending crude prices higher Tuesday, investors shrugged off the dollar, which strengthened against the euro Tuesday. A stronger dollar often prompts selling by investors who had bought commodities such as oil as a hedge against inflation. Also, a stronger dollar makes oil more expensive for investors overseas.
Demand drying up: Meanwhile, the International Energy Agency (IEA), an adviser to mostly Western, industrialized nations, said high prices are cutting demand for oil and petroleum products in the U.S. and Europe. The IEA cut its global oil demand growth forecast for this year to 1.2% from 1.5%. In the U.S., the IEA said demand for oil may contract by as much as 2.1% this year, while demand for gasoline will drop by about 1%.
China earthquake: Energy investors are also concerned about China, which recently reported a drop in crude imports. Analysts were uncertain whether Monday's 7.9-magnitude earthquake in central China would have a significant impact on demand. The quake killed about 10,000 people and knocked power plants and other factories off-line. Strong demand from China and other fast-growing economies has underpinned oil's rise in recent years.
Other energy prices: In other Nymex trading Tuesday, June gasoline futures rose 3.18 cents to $3.196 a gallon, and June heating oil futures rose 11.17 cents to $3.6615 a gallon. Analysts said heating oil futures were being boosted by reports that supplies of distillates, which include heating oil and diesel, fell last month in Europe.
June natural gas futures rose 19.6 cents to $11.497 per 1,000 cubic feet.
In London, June Brent crude futures rose 89 to $123.80 a barrel on the ICE Futures exchange. To top of page
First Published: May 13, 2008: 4:10 AM EDT
It is there under " ABOUT US"!
Impressive write up on the professional management team!
Pleased to be a shareholder!
Investor 100
Adino Energy Announces New Intercontinental Fuels' Web Presence
HOUSTON, May 12 /PRNewswire-FirstCall/ -- Adino Energy Corporation (OTC Bulletin Board: ADNY) today announced its wholly owned subsidiary, Intercontinental Fuels, LLC (IFL), has launched its newly redesigned website at http://www.ifl-usa.com.
'We are pleased to announce the successful launch of Intercontinental Fuels' new website, redesigned to help visitors better understand our terminalling operations and enhance their on-line experience,' commented Timothy G. Byrd, Sr., Adino Energy Corporation's chief executive officer.
'We also have a new website under construction for Adino Energy, and I look forward to soon unveiling it to our shareholders and the general public.
'Management has been working diligently to execute its previously announced business strategies, and we remain committed to completion. I look forward to soon discussing new developments at the terminal, as well as within our corporate operations,' Byrd concluded.
About Adino Energy Corporation, Inc.
Adino Energy Corporation (ADNY) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. Adino Energy not only offers storage, delivery, and blending of diesel fuel, but also offers biodiesel to the growing 'green' fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil.
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. Adino Energy Corporation urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Media Relations:
Adino Energy Corporation
Steve Haag, Investor Relations
Houston, Texas
(281) 209-9800
shaag@adinoenergycorp.com
Solid Day @ CPNE!
> Volume: 713+ shares traded
> PPS high .085
> PPS up 23%
I anticipate a press release for a shareholder meeting latter this month according to my conversation with CEO Tony Roth.
The additional "E" will come off when 10K is filed later this month.
Investor 100
Thanks Joe-Impressive!
Impressive five minute interview with Deep Down management!
Poised, professional, intelligent, goal oriented, experienced, and well connected bodes well for all shareholders in the coming years.
This link belongs on the homepage - great DD for newbies.
Pleased to be a shareholder.
Investor 100
Oil Goes to Record $126!
NEW YORK (Reuters) - Oil jumped to a record of over $126 a barrel on Friday, extending gains to more than 11 percent since the start of the month on fuel supply concerns and a rush of speculator buying.
U.S. crude rose $1.77 at $125.46 a barrel by 2:08 p.m. EDT, after hitting a record $126.20 earlier. London Brent crude traded up $2.04 to $124.88 a barrel.
"It appears that any calculations that included waiting for the next pullback were discarded on the European opening this morning as waves of buying materialized, particularly from speculative interests," said Mike Fitzpatrick, vice president at MF Global.
Oil has surged since slipping as low as $110.53 a barrel on May 1. Investors have seized on disruptions to crude oil supplies in the North Sea and Nigeria, as well as galloping demand for distillate fuels, a category that includes diesel fuel and heating oil.
Strong demand for diesel fuel in Europe, along with the growing use of distillates for generators to supplement strained power grids in fast growing emerging markets, have cut into stocks of distillate fuel and pushed up prices sharply.
"Lingering geopolitical fears and high heating oil prices are helping the market, but the speed of the rise is too fast," said Tatsuo Kageyama, analyst at Kanetsu Asset Management in Tokyo.
The steady rise in crude oil prices once again has turned the spotlight on the Organization of the Petroleum Exporting Countries (OPEC), which for months has insisted it has no control over the factors it blames for pushing up the price of oil, including speculation and the weak U.S. dollar.
An OPEC source said the group might consider boosting output before its next scheduled meeting in September should crude oil prices keep rising.
But Ecuador's oil minister said there were no plans for an early meeting.
"If the price keeps going up, OPEC may consult on an increase in production before it meets in September. In my view, any increase would have to be more than 500,000 barrels per day to have an impact on the price," said the OPEC source.
U.S. President George W. Bush said on Thursday he would bring up the subject of oil prices during talks with Saudi leaders during a planned trip to the Middle East from May 8-13.
Bush's trip to the region comes as the Iran-backed Hezbollah group seized the Muslim half of Beirut on Friday from fighters loyal to the U.S. backed governing coalition in the worst spate of violence in Lebanon since the country's 1975-90 civil war.
Although Lebanon is not an oil producer, civil unrest there has pushed up oil prices in the past, most recently in the summer of 2006 when Israel invaded Lebanon in an unsuccessful attempt to subdue Hezbollah.
(Additional reporting by Santosh Menon in London and Chikafumi Hodo in Tokyo; Matthew Robinson in New York; Editing by Marguerita Choy)
Deep Down proves to be a winner on Fridays!
Another great day for all of us tat the Deep Down!
Gotta believe some folks from the convention are buying in!
Thanks to DFL and others for some great pictures as this company continues its pace to be a major player.
Pleased to be a shareholder.
Investor 100
Good Morning Deep Down!
World begins to smart from oil's too rapid rise
LONDON (Reuters) - From the poorest of Africa to the United States and big business, a breakneck rally that could take oil to $200 a barrel is likely to inflict pain on everyone.
The world was remarkably resilient to a series of record prices in 2007, but a roughly 30 percent rise since the end of last year, with predictions of more to come, is harder to absorb.
"The key issue is the rate of change. The recent exponential rise is unhealthy for everyone," a senior executive from a major oil company said. He declined to be named.
On the first trading day of 2008, oil prices hit the $100 a barrel level, which once seemed unimaginable.
The price topped $125 a barrel on Friday, making a rise to $150 probable and to $200 possible, according to OPEC ministers and investment bankers alike.
"If current conditions continue, reaching a period when oil is supplied at $200 a barrel is not out of reach," Iran's Oil Minister Oil Minister Gholamhossein Nozari said this week.
Investment bank Goldman Sachs said the possibility of $150-$200 a barrel over the next six-to-24 months was "increasingly likely." The bank was one of the first to point to a triple-digit oil price more than two years ago.
Oil at $200 a barrel would mean roughly $6.50 a gallon for U.S. gasoline, according to figures from Standard Life. It makes the record $3.61 U.S. consumers are now paying seem cheap.
lready, the U.S. consumer has begun to retrench.
"I think we've reached the point now where we're starting to see significant responses from consumers," said Jim Hamilton, professor at the University of California in San Diego, adding oil prices were one of the factors that placed the U.S. economy at the risk of recession.
Whatever pain the U.S. feels, it is less than that endured in Africa, where the benefits of international aid to its non-oil producing countries have been wiped out by increased oil costs, a study by the International Energy Agency found at the end of last year.
For emerging economies, an ever bigger burden is financing subsidies their populations consider a birthright.
Major consumer countries like India and China are spending billions of dollars to keep transport costs low, while some smaller players, such as Syria, have decided to stop paying up.
PROFIT AT A PRICE
For all big business, including oil companies, soaring fuel costs can cut profits.
The main difference from the oil crisis of the mid 1970s is that the world is less energy intensive and better at adapting, but its efforts are beginning to eat into growth as firms scramble to reduce the costs, such as wages, they can contain.
"The speed of adapting to high oil prices has been gathering pace ... and will no doubt intensify if the oil price continues to rise," said Richard Batty of Standard Life.
However, higher oil prices on a multi-year view remain a hit to corporate margins."
Among the first to suffer are airlines, some of which are facing bankruptcy because of higher fuel costs.
The big oil companies have enjoyed record earnings, but they are also paying a price.
"Exploration and production will benefit from higher prices and the stock market value of shares," said a senior oil industry executive. "Refining profits will struggle because consumption will decrease and margins will be lower."
Oil companies are scarred by the memory of the price crash that followed the rally of the 1970s when heavy investment in production flooded the market with new supplies.
This time they have been slower to bring on more oil and the Organization of the Petroleum Exporting Countries (OPEC) has also been cautious about increasing output.
It has held its production targets steady since late last year and resisted a plea from top consumer the United States to raise output when it last met in March.
The group has repeatedly said supplies are adequate and that the market has been driven by speculation.
According to that logic, adding more oil would not halt the rally, but others say it could send a powerful signal.
This week, just before U.S. President George Bush heads to the world's biggest oil exporter Saudi Arabia, OPEC felt the need to issue a statement reassuring the market again there was enough oil, but saying it would act if necessary.
"The market needs something from OPEC and raising supplies could ease the price," an OPEC insider said. The comment was the first in months to depart from the group's line that the market's momentum was a result of factors beyond its control.
OPEC countries are expected to earn more than a $1 trillion this year from oil exports, the U.S. government has forecast, but they too are wary of demand destruction.
If prices continue to rise at the current rate, that possibility becomes more like a probability, with every $10 rise in oil knocking about 0.25 percent off gross domestic product in developed countries, according to analysts' rule of thumb.
"It is not in their (OPEC's) interest to be one of the causes of a major world economic slowdown," Batty said.
(additional reporting by Richard Valdmanis in New York)
Titanium Group to Attend Regional ICT Meeting in Thailand
Company to Introduce and Promote Technologies to APEC Delegates
SAN JOSE, Calif., April 23 /PRNewswire-FirstCall/ -- Titanium Group, Ltd (OTC Bulletin Board: TTNUF), a leading Biometric and security solutions provider announced today that Chairman Dr. Johnny Ng is attending the 7th APEC (Asia-Pacific Economic Cooperation) Ministerial Meeting on Telecommunication and Information Industry (TELMIN 7) in Bangkok, Thailand, from Apr 23 - 25. TELMIN 7 is being held in the aim of providing a forum for APEC Ministers to gather together to share views and experience. The theme of this year's meeting is 'Digital Prosperity: Turning Challenges into Achievements', major topics of discussion covering techniques to enhance outreach activities on cyber security, and ways to promote safe and trusted ICT environment for digital prosperity etc.
'This is a high profile Governmental initiative with regional focus where top ranked Government officials and ICT business leaders from over 20 economies, including Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States, and Viet Nam will be attending. Moreover, as cyber security is one of the focal points of discussion, we feel that it is an excellent opportunity for us to promote our biometric technologies and strengthen our market position in the Asia Pacific region,' said Dr. Johnny Ng, Chairman of Titanium Group.
About Titanium Group:
Titanium Group, Ltd (http://www.titanium-tech.com), and it's wholly owned subsidiary Titanium Technology, is a leading biometric and security solutions provider featuring its proprietary and patented automated Face Recognition Systems (AFRS). Titanium's AFRS products capture human face images electronically, input the facial images into searchable files (faceprint) and, in just seconds, accurately compare the facial images to a database containing millions of faces. These cutting-edge products reduce administration cost, enhance security, and significantly increase overall productivity. Titanium's products are distributed worldwide, either directly or through resellers or OEM partners, to governments, law enforcement agencies, gaming companies, and other organizations. The Company's clients include: IBM, Hong Kong Government and the Peoples Bank of China, etc.
Safe Harbor Provisions
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Titanium Group, Ltd. (the 'Company'), as well as those contained herein, that are not historical facts are 'forward-looking statements' within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are generally intended to identify forward-looking statements.
Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.
The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.
SOURCE Titanium Group, Ltd
Source: PR Newswire (April 23, 2008 - 10:59 AM EDT)
News by QuoteMedia
www.quotemedia.com
Titanium Group Announces Projected Increase in 2008 First Quarter Revenue
PROJECTED REVENUE INCREASES BY 48% OVER FIRST QUARTER 2007
SAN JOSE, Calif., April 29 /PRNewswire-FirstCall/ -- Titanium Group, Ltd (OTC Bulletin Board: TTNUF), a leading Biometric and security solutions provider announced today that management account results for the first quarter ended Mar 31, 2008 show the quarter's revenue at approximately $500K, representing an approximate year-to-year 48% increase compared to revenue of $337K for the first quarter of 2007. Actual financial results will be available in the company's upcoming financial report.
'The projected increased in revenue demonstrates Titanium's continual growth,' said Mr. Billy Tang, CEO of Titanium Group. 'We are delighted about the year-to-year revenue increased and are confident about our future potential in 2008 and beyond.'
About Titanium Group:
Titanium Group, LTD (http://www.titanium-tech.com), and it's wholly owned subsidiary Titanium Technology, is a leading biometric and security solutions provider featuring its proprietary and patented automated Face Recognition Systems (AFRS). Titanium's AFRS products capture human face images electronically, input the facial images into searchable files (faceprint) and, in just seconds, accurately compare the facial images to a database containing millions of faces. These cutting-edge products reduce administration cost, enhance security, and significantly increase overall productivity. Titanium's products are distributed worldwide, either directly or through resellers or OEM partners, to governments, law enforcement agencies, gaming companies, and other organizations. The Company's clients include: IBM, Hong Kong Government and the Peoples Bank of China, etc.
Safe Harbor Provisions
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Titanium Group, Ltd. (the 'Company'), as well as those contained herein, that are not historical facts are 'forward-looking statements' within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are generally intended to identify forward-looking statements.
Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.
The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.
SOURCE Titanium Group, Ltd
Source: PR Newswire (April 29, 2008 - 8:03 AM EDT)
News by QuoteMedia
www.quotemedia.com
Titanium Group Announces Product Launch
COMPANY TO INTRODUCE INTELLIGENT VISITOR MANAGEMENT SYSTEM; NEW PRODUCT SEEKS TO BRING IN REVENUE OF $10 MILLION
SAN JOSE, Calif., May 7 /PRNewswire-FirstCall/ -- Titanium Group, Ltd (OTC Bulletin Board: TTNUF), a leading Biometric and security solutions provider announced today the completion and commercialization of a new product utilizing Titanium's proprietary biometric technologies, the Intelligent Visitor Management System (IVMS).
IVMS is a kiosk-based solution with its core engine powered by Titanium's latest inventions in facial recognition technology. Through advanced machine vision technology, IVMS collects unique facial geometry (skull curvature, skin texture, movement detection, etc.) for comparisons and analysis. The specialized terminal of IVMS consists of a pair of specialized cameras, which record pattern distortion from different light spectrums, thereby overcoming the challenges from general environmental variations, such as interference of glass reflection and deviation of background light intensity.
The value proposition of IVMS is a robust solution for businesses or agencies to manage visitor flow, ensuring all visitors who have entered an area or facility have exited and are properly recorded during a specified period of time. This product has been developed for businesses that experience and manage a large number of visitors each day and require a certain level of security that is non-invasive.
'Government buildings, executive offices of enterprises, banks and other financial institutions are excellent examples of potential customer who need this type of security technology,' said Billy Tang, CEO of Titanium Group. 'We are currently in discussion with Governmental agencies and businesses in financial sectors of Hong Kong and Mainland China where our products and technologies have excellent references based upon successful deployments in the past. From those discussions, we currently estimate the market size for this product during the next 2-3 years to be approximately 2,000 units, which should generate revenues of approximately $10 million.'
About Titanium Group:
Titanium Group, LTD (http://www.titanium-tech.com), and it's wholly owned subsidiary Titanium Technology, is a leading biometric and security solutions provider featuring its proprietary and patented automated Face Recognition Systems (AFRS). Titanium's AFRS products capture human face images electronically, input the facial images into searchable files (faceprint) and, in just seconds, accurately compare the facial images to a database containing millions of faces. These cutting-edge products reduce administration cost, enhance security, and significantly increase overall productivity. Titanium's products are distributed worldwide, either directly or through resellers or OEM partners, to governments, law enforcement agencies, gaming companies, and other organizations. The Company's clients include: IBM, Hong Kong Government and the Peoples Bank of China, etc.
Safe Harbor Provisions
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Titanium Group, Ltd. (the 'Company'), as well as those contained herein, that are not historical facts are 'forward-looking statements' within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are generally intended to identify forward-looking statements.
Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.
The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.
SOURCE Titanium Group, Ltd
Source: PR Newswire (May 7, 2008 - 10:35 AM EDT)
News by QuoteMedia
www.quotemedia.com
Thanks DFL the DD!
I enjoyed reviewing the pictures / commentary!
Deep Down looks all the part of a Fortune 1000 company with top notch management team with combined 100 years of experience, great products and customer services on a first class level!
Many thanks for taking time from your schedule to have a drink take some photo's of our friends in the suite (LOL)
Pleased to be a shareholder.
Investor 100
Update on Commerce Planet Inc ~
Spoke with Tony Roth late this afternoon.
Some questions ~
1) Shareholder conference call coming? Yes, look for the PR perhaps as early as tomorrow.
2) File 10-K by May 31,2008? Yes!
3) FTC update? Investigation continues for another 5-6 months.
4) Is it business as usual for CPNE? Yes!
5) Q1 going coming out on time? Yes.
6) Why the volatility in the PPS? Does not know.
Look for a press release this week that will call for a shareholder meeting later this month - May 30th or close to that date.
Investor 100
I think that is a safe beat Sagewise!
Tony needs to clear the air with the FTC/ get the audited financials completed and begin re-building Commerce Planet with his new team.
I was impressed with our conversation in January relating to the new business model, management team however he has been given some setbacks!
Look forward to our conversation later today.
Investor 100
Thanks itsonlymuni-
CEO Tony Roth has scheduled a call with me early this evening for a Q& A I have tallied and left on his VM.
I have concerns with the issue you have raised along with the FTC investigation, the PPS, progress with Iventa, and other questions given time.
Should have the summary by AM.
Investor 100
Terrific News Yesterday!
Yesterdays press release is just another piece of Deep Downs puzzle that connects the business model as being a full service operation!
I like what Ron Smith stated in the paragraph:
"The GlyCount(TM) liquid particle counter is a natural fit with all of Deep Down's offshore services and products as it saves time, provides reliable results, and helps get projects back online quicker."
Deep Down becoming the player that offers services and products that saves its customers time with reliable results and helps get them save money!
Great story continues to develop at Deep Down under strong leadership and experienced management team!
Pleased to be a shareholder.
Cheers,
Investor 100
Good morning to all at ADNY!
Investor 100
This looks ready to POP!
Great volume and nice close PPS .10!
Silence is golden at ADNY!
Cheers.
Investor 100
Thanks Sulphur and many others for the pictures!
Many thanks for the clear and busy shots going on at Deep Down!
What a pleasure it is too see thousands of miles away all the activity of a company you own!
Pleased to be here!
Cheers
Investor 100
Contacted the corporate office-
Seeking comments from Tony Roth(CEO) and he was in a meeting so I cannot make any assumptions other than we have a lot of activity and movement in the PPS.
Outstanding issues:
1) Reinstate financials 2006 / 2007
2) FTC investigation.
Stay tuned!
Investor 100