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Reuters News:Oil Prices Update
NEW YORK (Reuters) - Oil prices rose on Tuesday as concerns about a newly formed tropical storm in the Atlantic countered fresh troubles in credit markets.
U.S. crude traded up 71 cents at $72.33 a barrel by 1:38 p.m. EDT, erasing earlier losses. London Brent crude rose 27 cents to $70.50 a barrel.
Tropical Storm Dean formed in the Atlantic Ocean midway between Africa and the Caribbean on Tuesday, and forecasters said it could become the first Atlantic hurricane of 2007 later in the week.
While forecasters said the storm was days away from possible contact with land, energy markets were also eyeing a weather system in the south-central Gulf of Mexico that could become a tropical depression in the near future.
Roughly a third of U.S. domestic oil and gas production comes from the Gulf of Mexico, but output had yet to be affected by either storm.
Oil prices fell earlier in the day after Sentinel Management Group Inc., which oversees about $1.6 billion in assets, told clients it wanted to block redemptions to avoid a forced liquidation.
US drilling hits 21-year high
Bodes very well for DPDW!
By OGJ editors
HOUSTON, Aug. 10 -- US drilling activity hit a new high for this year, up by 17 to 1,798 rotary rigs working, said Baker Hughes Inc.
That surpasses this year's previous high rig count of 1,791 units 4 weeks ago and is the largest number of rotary rigs working in the US and its waters since the week ended Jan. 10, 1986, when 1,880 units were drilling. That compares with 1,728 rotary rigs working at this time a year ago.
As usual, land operations accounted for most of the latest gain, up 13 units to 1,697 this week. Inland waters activity increased by 6 rigs to 29. However, that was partially offset by the decline of 2 offshore rigs to 71 in the Gulf of Mexico and 72 in US waters overall.
Texas registered the biggest gain among major producing states, up 9 rigs to 844 working. Colorado gained 5 to 109, and Wyoming increased by 4 to 70. Oklahoma's rig count was up by 3 to 190 drilling. New Mexico gained 2 to 87, and California was unchanged with 36 rotary rigs working. Louisiana's rig count, meanwhile, declined by 3 to 178 and Alaska was down 1 rig with 6 still working.
Canada's weekly rig count fell by 17 units with 377 still drilling, down from 480 a year ago.
Investor 100
Interesting Statistics @DPDW
Slow and Steady!
DPDW - DEEP DOWN INC. (OTCBB)
Date Open High Low Last Change Volume % Change
08/06/07 0.7400 0.7900 0.7400 0.7900 +0.0400 137902 +5.33%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 153175
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 147214
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 116264
Overall Average: 96% - Buy
Price Support Pivot Point Resistance
0.7900 0.7233 0.7733 0.8233
June 5,2007: Eugene Butler - CFO - DPDW
On June 5, 2007, the Company announced that it has engaged Eugene L. Butler to serve as its new Chief Financial Officer. Mr. Butler will also fill a vacancy on the Board of Directors
Mr. Butler served in various capacities as a Director, President, CEO, CFO and COO of Weatherford International, Inc., a $2 billion multinational service and equipment corporation serving the worldwide energy market, from 1974 to 1991. He was elected to the Board of Directors of Weatherford in May 1978, elected President and COO in 1979, and President and CEO in 1984. He successfully developed and implemented a turnaround strategy eliminating debt and returning the company to profitability during a severe energy recession. As well, he expanded operations into international markets allowing Weatherford to become the world leader in the company’s products and services lines.
Prior to joining Weatherford International in 1974, Mr. Butler, a Certified Public Accountant, was an Audit Manager with Arthur Andersen & Co. in Houston. Since leaving Weatherford in 1991, Mr. Butler has been involved in numerous financial packaging, debt restructuring, acquisition and capital raising transactions, as agent and principal.
Mr. Butler will receive 3 million options, each to purchase one share of common stock of Deep Down, Inc. at an exercise price of $0.515 per share. One-third of such options will vest on each of May 31, 2008, 2009 and 2010. The options will expire on August 31. 2010.
Oil Well Services & Equipment: Overview
This bodes well for DPDW and the segment they are tied too!
by Datamonitor) The value of the US oil well services and equipment market in 2006 was approximately $23 billion, representing 18% of the global value, which has shown a compound annual growth rate (CAGR) of approximately 13% since 2002.
Manufacture of oil rigs and drilling equipment remains the most lucrative segment of the market, constituting 30% of its value; drilling-related services generated a further 19%; formation and evaluation comprised 15% of market value, with well completions representing 6%.
Oil companies are attempting to exploit domestic reserves to their fullest potential, boosting demand for equipment and services providers. Tapping new reserves is more lucrative for services and equipment manufacturers than development of already-tapped reserves. Energy companies are both exploring potential sites overseas and developing domestic reserves, streamlining their infrastructure by selectively decommissioning and upgrading pipelines. Furthermore, the destruction of Gulf Coast infrastructure during various hurricanes (especially Katrina in 2005), has also created a short-term demand for replacement equipment.
Leading companies include Plains All-American Pipeline, Halliburton, Schlumberger, and TEPPCO. In response to industry demand, the continuous development of efficient technologies is paramount within the services and equipments of oil wells. Companies are also expanding inorganically through M&A activity to maximize their product portfolio and geographical coverage. In order to preserve margins, companies are selecting contracts that promise high returns on outgoings. This has increasingly meant that companies have sought to expand their operations outside the domestic market.
Reuters News: Hurricane Outlook 2007 in Atlantic Ocean - USA
Eight Atlantic hurricanes expected in '07: Storm team
MIAMI (Reuters) - A noted hurricane research team at Colorado State University trimmed its forecast for the 2007 Atlantic storm season on Friday and predicted 15 tropical storms, with eight growing to hurricane strength.
Of those, four would grow into major hurricanes of Category 3 or higher with winds over 110 mph (177 kph), the team founded by forecast pioneer William Gray said in its revised forecast.
The updated forecast was lower than the team's May 31 forecast for the six-month storm season that runs through November 30, which had predicted 17 tropical storms, nine hurricanes and five major hurricanes.
The main reason for the reduced estimate was relatively cool sea surface temperatures, but the new numbers still represent an "above average" season.
The average season over the past 40 years, according to the U.S. National Oceanic and Atmospheric Administration, had around 11 tropical storms, with six reaching hurricane wind speeds of 74 mph (119 kph) and two growing into major hurricanes.
The team led by Gray and researcher Philip Klotzbach did not count subtropical storm Andrea, which formed more than three weeks before the official June 1 start of the hurricane season but lacked the warm core and spinning thunderstorms of a tropical system.
The season has seen two named tropical storms, neither of which strengthened into a hurricane. Tropical Storm Barry brought much-needed rain to Florida in June and Tropical Storm Chantal formed in the north Atlantic on Tuesday and quickly died without threatening land.
The busiest part of the season is typically from August to mid-October.
The researchers said they lowered their forecast because conditions in the tropical Atlantic had grown less favorable for storm formation.
Sea surface temperature anomalies have cooled across the tropical Atlantic in recent weeks, and there have been several significant dust outbreaks from Africa, signifying a generally stable air mass over the tropical Atlantic," Klotzbach said.
Hurricanes draw their strength from warmth and moisture, but dust in the air prevents the sun from heating the sea surface and dries out the atmosphere.
The researchers said there was a 68 percent chance that at least one major hurricane would hit the U.S. coastline in 2007, with 43 percent chance that would happen on the U.S. Atlantic Coast and 44 percent chance on the Gulf of Mexico coast.
Other private and government weather researchers have also predicted a more active season than average. But so far none have forecast anything like a repeat of record-breaking 2005, when 28 tropical storms spawned 15 hurricanes, including Katrina which flooded New Orleans and parts of the Gulf Coast.
None of the researchers accurately predicted last year's season, which was considered "average" but did not bring any hurricanes to the United States.
Interesting Statistics: Have a good weekend!
DPDW - DEEP DOWN INC. (OTCBB)
Date Open High Low Last Change Volume % Change
08/03/07 0.8500 0.8700 0.7400 0.7900 -0.0800 255451 -9.20%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 140955
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 139402
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 113575
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.8700 0.7967 0.8867 0.9767
Interesting Statistics:
PDW - DEEP DOWN INC. (OTCBB)
Date Open High Low Last Change Volume % Change
08/02/07 0.9000 0.9400 0.8500 0.8700 +0.0100 176535 +1.16%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 140077
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 139051
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 113399
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.8700 0.7967 0.8867 0.9767
This is by far the best opportunity to get in given the PPS and planned quarterly report later this month.
I have watched this stock for a year!
GLTA
Investor 100
Thanks Joe I like the conversation / future outlook.
Investor 100
Thanks brikk for the pictures...
As good as it gets: bricks and mortar as they say.
Investor 100
Interesting Statistics:
DPDW - DEEP DOWN INC. (OTCBB)
Date Open High Low Last Change Volume % Change
08/01/07 0.8000 0.9200 0.8000 0.8500 +0.0500 159565 +6.25%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 123125
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 135348
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 108912
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.8000 0.6667 0.7667 0.8667
CNN: Todays report on oil.
EW YORK (CNNMoney.com) -- Oil prices set a record high Wednesday, nearing $79 a barrel, after the government's inventory report said crude supplies fell far more than expected.
U.S. light crude for September delivery rose 35 cents to $78.56 a barrel on the New York Mercantile Exchange. Oil had traded down 39 cents just prior to the report's release.
In its weekly inventory report, released a few minutes early apparently due to a mistake, the Energy Information Administration said crude stocks fell by 6.5 million barrels last week. Analysts were looking for a drop of 700,000 barrels, according to a Reuters poll.
Distillates, used to make heating oil and diesel fuel, rose by 2.8 million barrels while gasoline supplies gained by 600,000 barrels. Analysts were looking for a 1.4 million barrel build in distillates supplies and a 500,000 barrel increase in gasoline stockpiles.
The big drawdown in crude caused oil to break its previous all-time record trading high of $78.40, hit last July following Israel's invasion of Lebanon and fears the conflict could spread to the broader Middle East. Top of page
Why oil is rising but gas gets cheaper
Energy debate moves to House
4Godnwv:
Fantastic Rally Call / Charts / TIP!
Investor 100
This has to be the lowest PPS in 52 weeks.
Next month results could propel this upward.
Management clearly needs to provide some leadership here!
GLTA
Investor 100
Solid performance today!
Perhaps folks are fleeing from the DOW stocks over to pinkie land!
Added more today to my initial position yesterday!
GO DPDW!
Investor 100
4God thanks for the tip on this stock!
New to the board and appreciate all the DD that is available.
Like the business and todays news coverage is even better.
Took a position and will add more as needed.
GLTA
Investor 100
Bad,
What is the Latin phrase "caveat emptor" and I think that applies here as well as any pinkie.
I believe that management should issue the 504 along side todays PR given the fact that this is a launch of their product and many folks have raised that question.
If my gut tells me anything today, I think some of todays volume was selling of more shares.
The folks on this board do not have that amount of buying power to go through that amount of shares.
Your point is well taken and you might want to check out the folks at Raging Bull (RB) to get their take on todays activity.
Good Luck!
Investor 100
Any reason(s) to buy shares in this company?
GLTA
Investor 100
Thanks Cal...
Appreciate your insight on the situation here and I agree with your analysis.
I'll need to do more DD on this before I take a position but I think todays news sheds some life back into this company.
They need orders and perhaps more cash to fill those pending orders unless they have a partner that I am not aware of at the moment.
GLTA
Investor 100
Cramers Mad Money Analysis : INXR
INXR - IFINIX CORP NEW (OTC)
Date Open High Low Last Change Volume % Change
07/11/07 0.0015 0.0015 0.0011 0.0012 -0.0002 197527203 -14.29%
Composite Indicator
Trend Spotter TM Sell
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 178479594
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 50% - Buy
50-Day Average Volume - 107587391
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 33% - Buy
100-Day Average Volume - 102578250
Overall Average: 56% - Buy
Price Support Pivot Point Resistance
0.0012 0.0009 0.0013 0.0017
Cal..New Player at CBMC....
I have watched this stock for the past year with not much fanfare given the fact this is not a well funded company, not much in terms of sales to get excited.
India could be a huge new phase for this company given the facts of HIV and todays approval.
What comments / insights / PPs do you think might happen here in 6-12 months?
PPS is up 43%!
Thanks
Investor 100
iFinix Corp. Signs Letter of Intent With Legend Securities to License the iFinix RealTime Information Platform
Why I have held this stock for 1 yr:
1) Solid Management Team: CEO from Fortune 500 ( familiar with his tenure)
2) Solid Niche Player in this market!
3) Solid Communication with Shareholders plus for those that followed TradeSwappers visit back in March.
4) Ground Floor Opportunity: One of the best penny plays yet!
5) Listing on Major Exchange: In the Future!
iFinix Corp. (PINKSHEETS: INXR) a provider of real-time financial information and services to active traders and to the securities industry, announced today it has signed a letter of intent with Legend Securities, Inc. ("Legend"), a New York City-based securities broker/dealer, Member NASD/MSRB/SIPC, to license its iFinix RealTime Information Platform.
iFinix RealTime is a desktop information platform that supplies streaming quotes of the most timely and accurate pricing and volume data available for microcap stocks today.
iFinix's Chairman, Drew Budhu, said, "Legend Securities, which is a full service independent broker/dealer that provides trading and brokerage services to institutional, active trading and retail clients, is the first of an expected army of securities firms that will be offering their clients iFinix's quality information on microcap stocks that is simply not available elsewhere."
Legend's CEO, Anthony Fusco, said, "We are eagerly anticipating introducing our clients, who trade in microcap stocks, to the timely and accurate iFinix RealTime Information Platform data. I am sure they will be happy with the excellent functionality that this platform offers all microcap market participants."
Under the terms of the agreement iFinix will provide computer software for its electronic securities information platform to Legend, which has agreed to introduce iFinix's trading platform to its potential customers and existing clients.
As Legend experiences increased trading volume, their clients (broker/dealers, institutions, hedge funds, and active traders), will benefit as a result of using the iFinix RealTime Information Platform in the form of lower price per ticket.
Upon completion of this letter of intent, both parties, iFinix and Legend, will complete a non-disclosure and confidentiality agreement.
About Legend Securities, Inc.
Legend Securities, Inc. is a Full Service Securities Brokerage Firm, Member NASD, MSRB, SIPC, providing services to individual as well institutional clients. The company's products range from stocks, options, and fixed income instruments to life insurance products. We specialize in providing a broad range of services to the individual and institutional client. Legend's management is has over 50 years of COMBINED experience in the Financial Services and Securities Industry.
About iFinix Corp.
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
Contact:
iFinix Corporation
Investor Relations
516-504-3981 x301
Contact:
Legend Securities
Anthony Fusco
39 Broadway (Suite 740)
New York, NY 10006
212-344-5747
Sourc
iFinix Corp. Signs Letter of Intent With Legend Securities to License the iFinix RealTime Information Platform
iFinix Corp. (PINKSHEETS: INXR) a provider of real-time financial information and services to active traders and to the securities industry, announced today it has signed a letter of intent with Legend Securities, Inc. ("Legend"), a New York City-based securities broker/dealer, Member NASD/MSRB/SIPC, to license its iFinix RealTime Information Platform.
iFinix RealTime is a desktop information platform that supplies streaming quotes of the most timely and accurate pricing and volume data available for microcap stocks today.
iFinix's Chairman, Drew Budhu, said, "Legend Securities, which is a full service independent broker/dealer that provides trading and brokerage services to institutional, active trading and retail clients, is the first of an expected army of securities firms that will be offering their clients iFinix's quality information on microcap stocks that is simply not available elsewhere."
Legend's CEO, Anthony Fusco, said, "We are eagerly anticipating introducing our clients, who trade in microcap stocks, to the timely and accurate iFinix RealTime Information Platform data. I am sure they will be happy with the excellent functionality that this platform offers all microcap market participants."
Under the terms of the agreement iFinix will provide computer software for its electronic securities information platform to Legend, which has agreed to introduce iFinix's trading platform to its potential customers and existing clients.
As Legend experiences increased trading volume, their clients (broker/dealers, institutions, hedge funds, and active traders), will benefit as a result of using the iFinix RealTime Information Platform in the form of lower price per ticket.
Upon completion of this letter of intent, both parties, iFinix and Legend, will complete a non-disclosure and confidentiality agreement.
About Legend Securities, Inc.
Legend Securities, Inc. is a Full Service Securities Brokerage Firm, Member NASD, MSRB, SIPC, providing services to individual as well institutional clients. The company's products range from stocks, options, and fixed income instruments to life insurance products. We specialize in providing a broad range of services to the individual and institutional client. Legend's management is has over 50 years of COMBINED experience in the Financial Services and Securities Industry.
About iFinix Corp.
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
Contact:
iFinix Corporation
Investor Relations
516-504-3981 x301
Contact:
Legend Securities
Anthony Fusco
39 Broadway (Suite 740)
New York, NY 10006
212-344-5747
Excellent News on Subscriptions:
Long time holder and not much for posting on boards.
Why hold shares with INXR:
1) Focused a niche market with product.
2) Solid team of managers.
3) Communicates well with shareholders with PR plus TS on his visit.
4) Ground Floor Opportunity- The train is leaving folks!
No need to bash or pump this stock for those that believe in the company.
Thanks INXR & Management Team!
Investor 100
Excellent Press Release in March 2007!
Straight talk from the Chairman...Drew Budhu!
AMAICA, NY--(MARKET WIRE)--Mar 5, 2007 -- iFinix Corp. (Other OTC:INXR.PK - News) announced today the launch of an extended advertising campaign designed to build brand awareness of the iFinix suite of financial products.
ADVERTISEMENT
The company has in place a three tier advertising strategy that begins this week with web advertisement placements on key financial websites addressing the audiences of active traders and the larger investor community. Some placements will run for up to one year and include designated web page sponsorships by iFinix.
In the months that follow, advertising on additional financial web portals plus the internet sites of national and international financial publications will continue to expand the exposure of the iFinix suite of products including iFinix RealTime, iFinix Trader and eFinix to a wider demographic as each product is publicly released.
In the coming month, iFinix will broadcast its first television commercials with run commitments on major financial channels such as Bloomberg and CNBC currently under consideration. The third tier of the advertising program will be print ads in key financial publications. The print component is slated for regular ad placements after product releases and is intended to solidify and build upon consumer awareness initially built up via web and television advertisements.
Designed to support a long-running campaign, the thematic concept chosen by iFinix for the multiple television spots is considered by the company ideal for generating numerous, ongoing versions of a single identifiable and memorable presentation style that will be firmly associated with the iFinix brand.
Drew Budhu, iFinix Chairman, commented, "Building iFinix brand equity is essential to our corporate strategy of enhancing the proprietary value of all technologies developed by our company. The iFinix brand is our franchise and we intend to vigorously build a brand identity associated with cutting edge products, rock solid data integrity, superior customer service and being a company that is one step ahead of the competition."
Mr. Budhu continued, "In tandem with the launch of the iFinix product branding initiative, it is our intention to inform shareholders of corporate developments on a more regular basis. The transition from development to testing to preparing product for release is a demanding process for any smaller technology company. We are working overtime on all fronts, from building out product and support infrastructures to enhancing our internal processes and managerial oversight to better handle the mounting workload ahead of us."
About iFinix:
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix.
http://www.iFinix.com
Rim Semiconductor's Newest Patent Pending Technology Delivers Performance Breakthrough
IPTV Across Copper Wire Can Benefit from New Patent Pending Technology
Rim Semiconductor Company (OTCBB:RSMI) announced today that its most recent patent pending technology achieves performance breakthroughs. It filed this new patent application in June 2007. Telephone companies can use this new technology to offer triple-play services across their existing copper wires. This breakthrough also allows the telcos to reduce their capital costs to deploy IPTV and other high-speed services because their existing footprint of IP-enabled remote terminals could serve more subscribers than they would otherwise serve today with existing technologies.
Rim Semiconductor Company’s newest patent pending technology or RQAM™ will be used in Rim Semi’s upcoming Cupria™ Rel. 1.6. RQAM™ can move data faster, and across longer distances of copper wire, and with a much lower bit error rate, than the company’s previous technology, employed in Cupria™ Rel. 1.5, could. It also outperforms competing technologies like VDSL2 and ADSL2+ by a wider margin than the company had previously benchmarked.
In addition to higher performance, RQAM™ offers lower cost. The projected gate count for Cupria™ Rel. 1.6 is now approximately half what it was for Rel. 1.5. This reduction is projected to also lower the power consumption, heat dissipation, complexity and cost of Cupria™, thus increasing the projected profitability of the product line.
Rim Semi will offer RQAM™ as a significant improvement over the conventional quadrature amplitude modulation (QAM) system that is used in the IPSL draft Release 1.0 standard. In addition to the proposed use in IPSL, RQAM™ is applicable to a variety of different industries including high-definition television, wireless and any digital subscriber line (DSL) technology.
Rim Semiconductor Company owns, co-owns or exclusively licenses technology from fifteen issued patents and thirteen patent applications in the United States. All of these patents and patent applications generally pertain to methodologies to modify data and transmit it more efficiently on metallic media like copper wire. RQAM™ can be combined with many of them to produce superior semiconductor performance.
About Rim Semiconductor Company
Rim Semiconductor Company (OTCBB:RSMI) develops technology for telecommunications companies to deliver demanding new video and data services with lower network costs. The company’s products allow data to be transmitted at greater speed and across extended distances over existing copper wire—all with the highest quality of service—for a better end-user experience. For more information, visit www.rimsemi.com.
With the exception of historical information contained in this press release, this press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors, and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company's Securities and Exchange Commission filings. Rim Semiconductor is under no obligation and does not assume any obligation to revise or update any forward looking statement in this press release in order to reflect events or circumstances that may arise in the future.
Rim Semiconductor Company
Brad Ketch, 503-257-6700
info@rimsemi.com
They set their sights high in 2007!
AMAICA, NY--(MARKET WIRE)--Dec 14, 2006 -- The Board of Directors of iFinix Corporation (Other OTC:INXR.PK - News) today issued the following shareholder update.
Dear Valued Shareholders:
With 2006 coming to a close, it is an excellent time to review the milestones the company has achieved this year, which the management believes positions iFinix for significant growth in 2007.
1. We obtained interim financing to stabilize operations and streamlined expenses, and at the same time maintaining a moderate level of dilution.
2. We filed out 15c-211 in November 2006 as the first step to be a fully reporting company with a view towards a listing on a more visible exchange.
3. The company reached significant milestones in the development and proprietary design of the Phoenix Suite of Products. We have launched our first product, Phoenix Analyst, which will be available to individual investors, broker dealers, and institutions. We are confident that we will achieve significant market penetration thru the distribution channels we are currently putting into place.
The Company is in the process of implementing the following for 2007:
1. Securing sales agreements with brokerage companies;
2. Securing joint venture agreements with broker dealers;
3. Listing the company on OTCBB and with Standard & Poor's;
4. Creating a brand name for iFinix in the financial industry;
5. Consumate acquisitions of target companies with whom we are currently negoiciating.
Despite the usual obstacles that typically present themselves to growing companies, we have maintained our resiliency and used all of our industry opportunities for the Company's strongest possible fundamental progress. At this time I would like to thank our shareholders for your continued support and loyalty. It is the management's mandate to deliver a strong and viable company and to enhance shareholder value in 2007.
Sincerely,
Drew Budhu, Chairman
Todays News Is Only The Beginning:
I seldom post on the board due to a busy work schedule as well as confidence in the management team, its product, the need for it in the market, and my low PPS at this time.
Given today's news, which is a given indicates once again that this team knows how to market itself through the correct channels.
For those that trash this stock when it is quiet as well as those pumping it is a mere waste of time and energy.
Good things happen to those that have the insight and vision of things to come.
Investor 100
THE WEST COAST IS WHERE THE MONEY IS BILL KEARNEY!
WASHINGTON (Reuters) - Southern California meatpacker United Food Group LLC expanded a recall to include 5.7 million pounds of fresh and frozen beef that may be contaminated with the potentially deadly E. coli bacteria, the U.S. Department of Agriculture said on Saturday.
Fourteen people in six Western states have fallen ill after eating the beef but all have recovered, the department said.
The beef was butchered and shipped in April, and is no longer on store shelves.
"However the products could be in consumers' freezers and it is important that consumers look for and return these products if they find them," the department said in a statement on its Web site.
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United Food recalled 75,000 pounds of beef on June 3 and an additional 370,000 pounds three days later.
"The recall is being expanded out of an abundance of caution following a positive test of fresh ground beef subject to this recall provided by a patient in Arizona," the statement said.
E. coli O157:H7 can cause diarrhea and dehydration. Children, the elderly and people with poor immune systems are the most susceptible.
The labels of the products subject to recall bear the establishment number "EST. 1241" inside the USDA mark of inspection or printed on the package.
All of the products bear a use by/sell by date between April 15 and May 07, a freeze by date between April 23 and May 7 or a production date between April 6 and April 20. The frozen ground beef patty products bear a sell by date between August 6 and January 20, 2008, the department said.
© Reuters 2007. All rights reserved.
Interesting Article + Comments from article
May 4, 2007
Dial-up is dead. Will copper follow?
The Browser enjoyed Om Malik’s recent ode to dial-up Internet service, which acknowledges the decline in subscribers at AOL, once the undisputed king of the Internet. (AOL is owned by Time Warner (TWX), CNNMoney’s parent.)
Yes, most Americans now get the ‘Net over broadband connections such as DSL or cable modems. (Though some policy makers are quick to note that our overall broadband penetration rate lags most of Scandanavia, South Korea and Canada.)
It is fair to say dial-up will eventually become a very small piece of the overall landscape. But is the same true of the copper phone wires dial-up runs on? Already we’re seeing big uptake of cable phone services, which run over coaxial cable lines instead of the so-called “twisted pair” the phone companies run into each home. And Verizon (VZ) is spending big bucks to deploy fiber connections directly to consumers’ homes, eliminating the need for copper in about half its territory.
Then there’s wireless: Sprint Nextel (S) wants to build a nationwide network that delivers broadband over a new standard called WiMax. Proponents think WiMax ultimlately could be a substitute for wired broadband networks.
To be sure, all of AT&T’s (T) 13 million broadband users and almost all of Verizon’s broadband customers are DSL customers, and DSL is basically a juiced up copper phone line. Yes, it is hard to imagine a country without copper; too many people live in rural areas that never will be served by cable or even strong wireless connections. Then again, there was a time people couldn’t envision life without their dial-up connections.
Filed under fiber-to-the-home, Wi-Max, Verizon, Sprint, broadband
Posted by stephaniemehta 12:01 pm 12 Comments comment | Add a comment
“which run over coaxial cable lines instead of the so-called “twisted pair” ”
What do you think the core of coaxial is??? Its Copper!!
I have crimped on connectors hundreds of times and can tell you that a foot of coaxial probably has as much copper in it as a foot of “twisted pair”.
By the way DSL runs on twisted pair to the house and then gets distributed on wire that is the same thing with more twisted pair insided some of which is used just for shielding.
Posted By dcbeane, Eastern, Virginia : 12:41 pm
I don’t think that the US needs to be measured against these small, consolidated populations in these countries. I realize that Canada is a vast country, but the firm majority of its population is concentrated along the US border. That’s one straight backbone for Bell Canada and Rogers Telecom to follow. Makes it easy for delivery.
As far as the others, yes they are small countries, but also many many less people to penetrate as far as percentages go.
Posted By Tom, Charlotte, NC : 1:00 pm
I imagine that wireless will be the way of the future. It has to cheaper to build a tower that transmits a signal, than to: add miles of cable/fiber optic wire, connect it to the house/business, provide the customer with the right modem, and continually maintain everything. Upgrades to the speed and quality of the service are probably easier too.
Posted By Peter Hooper, Greensboro, NC : 1:05 pm
Copper is not dead, although Verizon probably would like it to be eventually. Verizon is methodically removing copper from homes as it installs FiOS. Obviously, VZ doesn’t want a competitive provider to have the ability to offer DSL to FiOS-enalbed homes. But AT&T sees the value and ability of copper as it is using a hybrid of copper/fiber to deliver u-verse. Today, you can deliver speeds even faster than DSL over copper. Ethernet over copper technology can deliver 40Mbps+ over copper. Now why would Verizon want to rip out the copper? If you had to share your copper network (which is now capable of even faster speeds than before), wouldn’t you want to remove it and install a new fiber connection which you wouldn’t have to share, thus eliminating competition?
Posted By Naptowner, Annapolis, MD : 1:36 pm
VZ wants into video more than anything else. Big bucks to be made taking customers away from cable, quadruple play!!
Posted By RB Wheeling,WV : 2:04 pm
Put my TV, telephone and computer internet connection on one cable coming into my home, and one bill and I’m a happy homeowner.
Posted By SFBay, California : 2:26 pm
I believe that both copper (twisted pair) and cable will be phased out in favor of wireless.
I am already one who does not rely on wired connectivtiy to my home. Cell phones and connection cards do the trick quite well and at DSL speeds. Sattelite can serve rural users quite well too. Wireless is the future. Only fibre has significant technical advantages over wireless today. But then you are bound to your terminal.
Posted By Mike, Seattle, WA : 2:34 pm
I have Verizon service in my area. Nothing but dial-up there.
Posted By Dave M., Parma MI. : 3:18 pm
Fiber makes you bound to your terminal? Since when? Many families have DSL and incorporate a wireless system for the hope…allowing them to roam in the home at will with their laptops. Plus, there’s always a wifi connection at a local Panera Bread or wherever you go.
The true test will be not which is faster, but delivers the biggest bang for the buck. So far, it’s hard to dispute that Comcast with its Triple Play isn’t kicking Verizon and AT&T’s hindside, despite both being able to offer the quadruple play. And now that Pivot (aka the name of the cable companies’ wireless service from SprintNextel) is available, what company will stand in Comcast’s way?
Of course, this all hinges on whether SprintNextel can actually manage itself. So far, current management has been pathetic at best. They continue to lose subscribers on the lucrative post-paid side, and their churn and ARPU are reflections of that.
Will WiMAX be their answer? Honestly, I doubt it. After all, with so many FREE wif hotspots, why do you need to pay for a WiMAX connection? Better speed? Maybe, but then again, you can’t beat free! And last I checked, who’s going to bother with watching a streaming movie while driving (which is what mobile WiMAX from SprintNextel would allow you to do) anyway?
Posted By lovefemalefeetguy in MI : 3:37 pm
What happens when you loose power to the cable box? The phone goes out. Not with twisted pairs. That by itself will keep a “regular” phone in my house.
Posted By Anonymous : 3:41 pm
Mike in Seattle: I think landlines of some sort will always be around. The problem with wireless is bandwidth; barring some quantum-entanglement based communication, there won’t be enough bandwidth to service hundreds of thousands of customers. Also, Satellite is OK if you don’t need to get a lot of data; but if your job requires you to do so, you’re stuck, as most satellite providers cap your bandwidth at ~200 MB per day.
Posted By Josh - Rural Ohio : 3:51 pm
As one who lives in a very rural area, dial-up is far from dead. Sure, satellite is available if you’re willing to spend $150 per month, sign a 30 month contract and you still don’t get the upload speeds. DSL will never make it out to where I live though cable is a far remote possibility. Wireless shows great promise, particularly when you can stick a repeater on your TV aerial to boost signal strength, but that’s still a few years off for most rural areas.
Posted By Chris, Edge of Nowhere, MI : 4:11 pm
Add a Comment
This might be true but I think.....
The adage of 'the lights are on but nobody is home" clearly applies to the lack of performance and no action on the part of management here.
This PR's have been flying out of the gate for eight months with lots of ideas and promises of business all for one reason to get shareholders to buy in.
Risk what you can afford to lose or better yet go to Las Vegas your odds are better.
Good Health To All
Investor 100
Too Bad Kearney Has No Interest In This News....
NEW YORK (CNN) -- More farms across the United States will likely be affected by animal feed tainted with recalled pet food, federal health officials said Tuesday, after an investigation of Indiana chicken farms found the contaminated feed in more than three dozen facilities that raise poultry for human consumption.
The Food and Drug Administration said it expects farms in other states will report they received the tainted pet food and predicted that the number of plants that received contaminated feed could reach into the hundreds.
Recalled pet food containing tainted Chinese wheat gluten was found in chicken feed in 38 Indiana farms, the FDA and the U.S. Department of Agriculture said Monday, but no chicken recall has been issued because the likelihood of getting sick from eating chicken fed the contaminated product is very low, FDA officials said.
No human illnesses related to the minimally tainted poultry feed have been reported, according to the agencies.
Last week, FDA officials said 6,000 hogs that may have ingested tainted pet food entered the human food supply. Pork producers in California, Kansas, North Carolina, New York, South Carolina and Utah are being investigated for buying adulterated feed. (Full story)
In an effort to further contain the tainted products, the FDA last week detained all vegetable protein imports from China that are used in both human and animal food as part of its investigation into the nationwide pet food recall.
The protein products from China that are affected include: wheat gluten, rice gluten, rice protein, rice protein concentrate, corn gluten, corn gluten meal, corn byproducts, soy protein, soy gluten proteins, and mung bean protein, the FDA import alert dated April 27 said.
NCC: It's like cooking cupcakes
Occasionally, pet food manufacturers sell material left over from the molding process to animal feed manufacturers and that's how the contaminated pet food got into poultry feed, according to Richard Lobb, spokesman for the National Chicken Council, the trade group that represents U.S. poultry producers, marketers and processors.
"It's like cooking cupcakes -- you get some of the dough on the pan, you scrape it off and throw it away. What they're saying is that somebody bought that material and it got mixed in corn and soybean that gets manufactured in poultry feed," he said.
"The dilution factor is enormous. You have a relatively small amount of pet food byproducts used," in poultry feed manufacturing, Lobb said.
In fact, "it's a safe and wholesome product to use," he added.
In response to the FDA/USDA announcement, the National Chicken Council released a statement saying "We are confident that any poultry producers involved will work expeditiously with the government to resolve this matter to the satisfaction of the government agencies."
Lobb said it is industry practice for companies to own birds and contract growers to raise them, and that companies supply the feed to the growers as well.
"Nobody buys feed from China," Lobb told CNN.
"Feed is made from corn, soybean meal, minerals... about 70 percent of ration is corn and that's all locally grown in the United States. Soybeans are all grown in the United States," Lobb said.
"Melamine is not supposed to be in any animal feed, pet food... it's an industrial chemical and that problem goes back to China where they were deliberately spiking the product with melamine and before that with urea in order to boost its protein content," Lobb said.
Perdue and Tyson Foods -- two of the largest U.S. chicken producers -- do not import any protein ingredients from China used in their chicken feeds, company representatives told their supermarket chain clients Tuesday.
FDA: No evidence tainted gluten in U.S. stores
FDA officials said they have found no evidence that tainted wheat gluten was added directly to any human food products that Americans may find on store shelves.
The FDA has investigators in China working with the Chinese government's General Administration for Quality Supervision, Inspection and Quarantine to investigate the sources of the contaminated products.
It is unclear how long the United States has been importing tainted food additives from China.
"Clearly that is a concern if that has been going on for a long period of time," said Dr. David Acheson, who was appointed to the new position of FDA Assistant Commissioner for Food Protection earlier in the day.
Melamine, cyanuric acid might be the deadly combination
Monday's report is the latest development in the FDA's investigation into the recall of more than 60 million cans of pet food after at least 17 cats and dogs died of kidney failure. The urine of cats that ate the tainted pet food tested positive for melamine, an industrial chemical used in the manufacturing of plastic utensils and fertilizer.
In addition, the FDA announced last week that rice protein additive imported from China was found to contain cyanuric acid, but the federal agency has yet to positively identify the causative agent in the pet deaths. Cyanuric acid is used as a stabilizer in outdoor swimming pools and hot tubs.
Investigators outside the FDA are uncovering evidence that suggests the combination of melamine and cyanuric acid is responsible for the pet deaths related to the recall. (Full story)
The agency also reported last week that it has received more than 17,000 consumer complaints related to the recall, including reports of 4,150 dog and cat deaths.
More than 150 brands and 5,300 pet food products have been recalled. Companies that produced affected items include Menu Foods, Hill's Pet Nutrition, P&G Pet Care, Nestle Purina PetCare, Del Monte Pet Products, and Sunshine Mills. The affected products have been recalled in cooperation with the FDA. The first recall was initiated March 16 by Menu Foods.
CNN's Joe Johns, Miriam Falco and Tom Watkins contributed to this report
CHECKLIST OF EVENTS IN COMING WEEKS AND MONTHS
( Footnotes From Previous Poster )
Given that this is a complex endeavor and one with upside potential given the market it hopes to serve the time period may take longer than anticipated but that is fine given the end results and rewards to those that are patient.
Brokerage Houses sign on for iFinix platform
Blue chip IR firm comes on board which can mean
- Quality access for shareholders
- Magazine and Newspaper mentions for INXR
- Exposure to whole new groups of investors
Ad Campaign Grows - New Ad locations appearing
TV Ads hit - kaboom as the bomb drops on CNBC, Bloomberg channels, etc.
Product release announcements and free trial offers begin
Patents Filed
Partnerships announced
Need I go on?
On average there could easily be one of these key elements falling into place each week for the next 1-2 months. I see INXR basing now into these developments. What more can we ask for?
INXR TECHNOLOGY
Previous notes from poster during visit with INXR management in March 2007.
The following are my notes which I think more than anything gives us all some idea of the possible complexities of putting together a solid data delivery and trade execution system.
- Fault Tolerance
- Intelligent Order Routing
- Data Formatting Processes which ensures both Data Integrity and Recognizes & Removes Stale Data immediately
- Memory Management
- Resource Management (both client and server side)
- Effective Redundant Backup of transmitted data
- Speed of Execution (clean coding = ability to shave off valuable milliseconds in electronic data and commands)
- Tracking Data Packets (important for maintaining data integrity)
- NASD OATS (Order Audit Trail System) integration. This is part of coding trading systems and it is required of MMs (and thus it can make the platform enabled for INXR expansion into the MMs, broker-dealer and professional trading organizations)
- Order Tracking. Time or entry, time stamping transmission, exchange execution times, rejections, cancellations (again, all formatted to OATS standards)
- Framework Build. Programmers will understand that terminology because I'm not sure what it means, except that when done properly and with advance planning for scalability and the addition of more features and functions, a properly established development framework leads to more rapid development of all of those future modules, features and functions to be added as time goes on.
- Server Code. Memory databasing to parse data using proprietary algorithms to store and process this data. Important is separate server-side requirements for different financial markets.
- Data Feed Handler. As I understand it, that is the fancy way of saying user interface, in other words the modules you'll be using (or the Front End). A streamer is the output of a data feed handler that takes all of the data flowing to the company from the various exchanges and their coding converts it into a unified language read by your interface.
- Coding Languages. Desktop = C++ for most stable and modern code base. Web Module is either Java or .Net but I'm not sure.
- Browsers. They are enabling both MS Explorer and FireFox. I know that I cannot run AlphaTrade in Firefox so that is good to know.
- OS environments. Plans to suppor Windows 2000, XP and Vista plus Apple OS. Not sure about open source environments like Linux.
- FIX = Standard Financial Institutional Exhange data protocols. If I got this right, every brokerage, every execution in the markets must be scripted to deal with FIX protocols. There are different FIX versions making it a very tricky thing to navigate for any systems integrator.
- FIX Engines. Furthermore, many brokerages will not code their own FIX solutions but will buy FIX engines to plug into their product environments. A good FIX engine solution can cost hundreds of thousands and many do not have their own proprietary FIX engines. iFinix does. That adds to their asset value base. It also means they may license out their FIX engine solution for good income in the future too.
- 32 vs. 64 bit coding. The development of iFinix products are being coded to allow for 64 bit environments therefore they said they are coding to launch in what is still a largely 32 bit world, but will be able to rollout 64 bit product versions into what is about to become a faster 64 bit programming world. This is good news.
Does Calypte Make For A Buy At This Time?
Looking for some good DD to make calculated purchase
on this stock.
Looks as thou they have new investor with contacts in key markets for their product.
What are some positives / negatives?
TIA
investor 100
CYBU: Monkey should Rally an attack on BK!
How many shares you holding CYBU?
lots of luck!
Investor 100
Probably a guy sitting in his car with a cell telephone!
(LOL)
Investor 100
Thanks for the Big Screw Job Bill Kearney!
1000 to 1 R/S
Produce Safety and Securities International Inc. Announces New Investor Relations Firm
President and CEO of Produce Safety and Securities Int. Inc. (PINKSHEETS: PDSC) Clarence "Bill" Karney announces today the hiring of a new and aggressive Investor Relations Firm, WebbCo Media.
"WebbCo Media will now handle all investor relations for Produce Safety and Securities International, Inc.," says Bill Karney. "We have found a firm that that works as hard as we do and believes in our direction."
This announcement is in conjunction with Produce Safety and Securities Int. Inc. (PDSC) filing, with their transfer agent, a 1000 to 1 reverse split.
These decisions are just the beginning for PDSC and its shareholders. These types of aggressive moves is what it is going to take to get PDSC to the next level.
For all investor relations inquiries, please contact WebbCo Media at the information provided.
About Produce Safety & Security International, Inc. (PDSC)
Produce Safety's state-of-the-art ozone process has been shown to extend shelf life and remove food-borne illness bacteria. This process will provide retail produce departments reduced shrinkage, increase the bottom line and provide a fresher product for the consumer. The customer will be assured of a safe food product, by use of this process, which may be used on organic produce to remove the pathogens. This process uses no chemicals thus meeting the requirements of organic certification.
About WebbCo Media
WebbCo Media is a young and aggressive IR Firm that works for the shareholders of established companies. Our niche is personalized service and attention to " the small things." WebbCo Media is dedicated to providing our clients with the solution to their investor relation needs.
Safe Harbor
Here Is Another Opportunity Bill Kearney!
Bill and his company might be too busy for this one thou (LOL)
E. coli fears spur California and Pennsylvania beef recalls
Almost 400,000 pounds of beef are being recalled after reports of illness thought to be caused by E. coli contamination.
WASHINGTON (Reuters) -- Two beef producers, one in California and the other in Pennsylvania, have recalled a total of close to 400,000 pounds of beef stemming from fears of E. Coli contamination.
A Pennsylvania beef company is recalling about 259,230 lbs of beef products and a California company is recalling about 107,943 pounds of frozen ground beef products due to possible contamination with E. coli O157:H7, the U.S. Agriculture Department said on Friday.
Video More video
Is your food safer if it is grown close to home? CNN's Judy Fortin reports (March 7)
Play video
USDA's Food Safety and Inspection Service and the Pennsylvania Department of Health have found several illnesses tied to steak products produced by HFX Inc. for Hoss's Family Steak and Sea Restaurants, a chain based in Pennsylvania.
USDA said 4,884 pounds were produced on various dates between April 5, 2007, and April 19, 2007, and were distributed to retail stores in Pennsylvania. The rest of the meat, 254,346 lbs, was distributed to restaurants in Pennsylvania, Virginia, and West Virginia. The beef from Richwood Meat Co. was produced on April 28, 2006, and was sent to retail outlets in Arizona, California, Idaho, Oregon and Washington.
The Pennsylvania Department of Health said in a statement the illnesses are believed to be the result of eating rare or medium-rare steak at the restaurants March 24-March 29. Four of five people have been hospitalized, but none has developed kidney failure.
"Because the number of cases is small and the exposure period was several weeks ago, the health department believes the risk to Hoss's customers is low," the Pennsylvania Department of Health said.
E. coli O157:H7 is a potentially deadly bacteria that can cause bloody diarrhea and dehydration. Children, elderly and people with poor immune systems are the most susceptible.
USDA said products being recalled have an establishment number "EST. 8264" inside the USDA mark of inspection and a date code of 118-6 or 4/28/0