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KFL announces delisting from AMEX:
Lifestream to Withdraw Its Listing On AMEX
Friday September 26, 1:26 pm ET
The Company to Continue Its Cost-Saving Program and Implement Its Advertising Campaign
POST FALLS, Idaho--(BUSINESS WIRE)--Sept. 26, 2003--Lifestream Technologies, Inc. (AMEX:KFL - News), a leading developer and marketer of consumer cholesterol monitors and professional screening instruments, with the consent of the American Stock Exchange has elected to voluntarily withdraw its common shares from the AMEX. The Company's common stock is expected to trade on the Nasdaq OTC Bulletin Board.
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"After extensive evaluation of the difficulty in maintaining ongoing compliance with AMEX, our current non-compliance with the continued listing standards, as well as the significant costs of maintaining listing status, our Board of Directors has authorized the Company to withdraw our common shares from listing with the exchange. This was a very difficult decision for our Company, since we have enjoyed our relationship with the AMEX and consider the AMEX as the best exchange for the Company's common shares given our phase of operations. The Company will reconsider listing with the AMEX at such time as the Company's marketing program accelerates our revenue growth, and a new listing would be cost effective for Lifestream. As we have previously announced, Lifestream is committed to implementing cost-cutting measures to augment our cash position so that the Company is better able to direct its financial resources to increasing revenues," said Christopher Maus, President and CEO. "Ongoing compliance and regulatory requirements and the trading price of our common shares have required us to incur substantial maintenance and professional costs, which can now be directed to enhancing our marketing efforts. With over 15,000 retail outlets now carrying our products, we are focused and committed to building greater product awareness to the over 100 million consumers seeking to control their cholesterol levels. By redirecting these savings to the contemplated advertising campaign, we are well positioned to increase demand for our product and supporting our current distribution base."
"This move represents a further commitment by the Company to conserve its resources, and combined with our recent emphasis on reducing our monthly operating costs, will enable us to achieve additional annual cost savings." stated Brett Sweezy, CFO. "We see this move as the most appropriate course as our Company moves into this important period of committing resources to its marketing program and revenue enhancement efforts by providing the Company with greater flexibility in regulatory affairs, expediting and shortening our filing requirements and by lowering our compliance costs."
This news release includes certain forward-looking statements within the meaning of the safe harbor protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding our current business plans, strategies and objectives that involve risks and uncertainties, and in particular statements referring to our expectations for increased market penetration and improved gross margins from our recently introduced second generation consumer monitors and statements regarding our expectations that we can obtain necessary additional financing and investment. These forward-looking statements involve risks and uncertainties that could cause actual results to differ from anticipated results. The forward-looking statements are based on our current expectations and what we believe are reasonable assumptions given our knowledge of the relevant markets; however, our actual performance, results and achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors, within and beyond our control, that could cause or contribute to such differences include, among others, the following: the success of our capital-raising and cost-cutting efforts, developing and marketing relatively new medical diagnostic devices, including technological advancements and innovations; consumer receptivity and preferences; availability, affordability and coverage terms of private and public medical insurance; political and regulatory environments and general economic and business conditions; the effects of our competition; the success of our operating, marketing and growth initiatives; development and operating costs; the amount and effectiveness of our advertising and promotional efforts; brand awareness; the existence of adverse publicity; changes in business strategies or development plans; quality and experience of our management; availability, terms and deployment of capital; labor and employee benefit costs; as well as those factors discussed in our most recent Quarterly Report on Form 10-QSB for the three months ended March 31, 2003 and in "Item 1 - Our Business," "Item 6 - Our Management's Discussion and Analysis," particularly the discussion under "Risk Factors - Substantial Doubt as to our Ability to Continue as a Going Concern" and elsewhere in our most recent Annual Report on Form 10-KSB for our fiscal year ended June 30, 2002, both filed with the United States Securities and Exchange Commission. Readers are urged to carefully review and consider the various disclosures made by us in this report, in the aforementioned Form 10-QSB and Form 10-KSB, and those detailed from time to time in our other reports and filings with the United States Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that are likely to affect our business.
--------------------------------------------------------------------------------
Contact:
Lifestream Technologies, Inc.
Brett Sweezy, 208-457-9409 EXT. 1212
--------------------------------------------------------------------------------
Source: Lifestream Technologies, Inc.
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ADOT getting ready to test .008 again soon. L2 looks strong for a nice afternoon pop. GLTA
14theroad, re RGX:
Is this a pure technical play or is news expected? tia, stock190
Rolling IVOC profits into THTHF. Looking for this one to graduate from sub-penny land in the near future. GLTA
ISYN = Opportunity to "Learnfrommistakes". This was a clear case of the company pumping out PR's and misleading investors into thinking that Investors Business Daily was doing a feature story on them when in fact ISYN bought an advertisement in IBD. Volume and PPS movement this week suggested an orchestrated P&D by the company IMHO to sell shares IMHO
omni, do you have a target on CIRT next week? TIA
Dusty, I agree w/you on CIRT's latest filing looking ugly but something is up. Volume has been high the last few days and PPS is moving ^. Now .034 x .035. I'm going to ride the momo and see what next week has in store for CIRT. GLTU
FWIW, On RB, rumor of .25 buyout of CIRT to be announced on Monday/Tuesday. I haven't been able to confirm if it's a momo or the real deal. Volume over the last few days suggests something is going on. GLTA
EVOLUTION, the TA for IVOC is:
Fidelity Transfer Company
1800 S. West Temple., Ste 301
Salt Lake City, UT 84115
Phone: 801-484-7222
Fax: 801-466-4122
Email: info@fidelitytransfer.com
You may want to contact them for up-to-date OS info. From their latest filing (10QSB filed on 8/13) they have the os listed as 2,352,625,327 as of 6/30/03 but they also filed an S8 on 8/1 for 100M shares so the OS is probably closer to 2.5B shares.
http://pinksheets.com/quote/filings.jsp?symbol=IVOC
CIRT last call @ .033. NITE on bid and looking to push this one higher.
Anyone riding CIRT up with me? Next stop .04.
CIRT @ HOD and still moving. .029 x .031. Looking for a test of resistance @ .04 today. GLTA
Keep an eye on CIRT; technicals looks strong and looking for a follow up to their 9/16 PR.
http://quotes.barchart.com/texpert.asp?sym=cirt&code=BSTK
CirTran Announces Acquisitions Strategy
Tuesday September 16, 7:00 am ET
SALT LAKE CITY, UT--(MARKET WIRE)--Sep 16, 2003 -- CirTran Corp., a full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced that it has engaged Cogent Capital Corp., a leading Salt Lake City, UT-based Investment Banking firm specializing in providing advisory services related to mergers and acquisitions.
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Greg Kofford, President of Cogent Capital Corp. commented, "We have followed CirTran for several years and think the recent corporate developments are very exciting. I look forward to working with CirTran's management as they begin to experience growth in today's improving market environment. Cogent is completing due diligence on a proposed direct investment in CirTran large enough that they will meet the shareholder equity requirement of a major stock exchange."
Iehab J. Hawatmeh, President of CirTran Corp. stated, "The Board of Directors has concluded that the market is currently experiencing the beginnings of a growth trend which is advantageous to our small corporation. By implementing a business development strategy that allows for the rapid acquisition of multiple target companies, it will be much easier to create an organization whose revenues can provide greater shareholder value. We are committed to that end."
About CirTran Corporation
Founded in 1993, CirTran Corporation (OTC BB: CIRT) has established itself as a premier full-service contract electronics manufacturer by building printed circuit board assemblies, cables, and harnesses to the most exacting specifications. CirTran is headquartered in Salt Lake City, Utah, with a state-of-the-art 40,000 sq. ft. facility. CirTran also provides "just-in-time" inventory management techniques that minimize the OEM's investment in component inventories, personnel and related facilities, thereby reducing costs and ensuring speedy time-to-market. For further information about CirTran, please visit the Company's website located at www.cirtran.com.
About Cogent Capital Corp.
Cogent Capital Corp., established in 1995, is a full service investment banking firm for nano-cap companies. The company was formed from the buyout of the Corporate Finance Department of Wilson-Davis, a regional broker-dealer headquartered in Salt Lake City. The company specializes in providing Investment Banking services which include NASDAQ and AMEX listing advisory services, Corporate Finance and advisory services related to mergers and acquisitions. For further information about Cogent, please visit the company website located at www.cogent-capital.com.
Safe Harbor Statement
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward- looking statements. These statements are based on the company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the company's periodic filings with the Securities and Exchange Commission.
Contact:
Contact: Trevor M. Saliba
Company: CirTran Corporation
Voice: 818-788-2033
URL: http://www.cirtran.com
Contact: Ron Gardner
Company: Equitilink
Voice: 877-788-1940
URL: http://www.equitilinkpr.com
CIRT is breaking out. Quote from their 9/16 Press Release:
"Greg Kofford, President of Cogent Capital Corp. commented, "We have followed CirTran for several years and think the recent corporate developments are very exciting. I look forward to working with CirTran's management as they begin to experience growth in today's improving market environment. Cogent is completing due diligence on a proposed direct investment in CirTran large enough that they will meet the shareholder equity requirement of a major stock exchange."
Looking for news very soon to push this to .10+ IMHO
ISYN NEWS just released:
InsynQ e-Accounting Launches Outsourced Advisor Provider Network to Save CPA And Bookkeeping Firms as Much as 30% Annually in Operating Expenses
TACOMA, Wash., Sep 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- InsynQ, Inc. (OTC Bulettin Board: ISNQ), a premier provider of Internet-delivered online accounting solutions and services, announced today the launch of their new e-Accounting Advisor Provider Network.
The Advisor Provider Network (Website located at http://eaccounting.cpa-asp.com) has been developed to assist the accounting professional by supporting back-office processing requirements on a highly cost-efficient basis. Through the use of business process outsourcers (BPOs), such as call centers, and payroll and HR processing services, professional practices are able to improve client services, expand their practices, and improve practice profitability. The Harvard Business Review has identified outsourcing as one of the most important management ideas and practices of the past 75 years.
e-Accounting provides a broad range of services which serve the professional accounting market. With the introduction of the Advisor Provider Network, e-Accounting has created a new cost-effective resource for practices of all sizes to use to expand their practice, or to provide the opportunity of higher gross margins. Chuck Benton, President of Benton Accounting Service PS, a client of InstnQ, stated "Many of our online accounting professionals have already experienced improved service and profitability through the use of the online accounting platform. By using the e-Accounting platform we have been able to reduce our firms operating expenses by 30% and funnel those savings into building our practice."
John Gorst, CEO and President commented, "These accountants have gained a comprehensive solution that combines our online accounting technology services with business process outsourcing models. e-Accounting is one of the few providers in the industry with a service model that encompasses online accounting applications data management, document management and workflow tools."
The new Advisor Provider Network already has the support of several members of the BPO industry. "There are so many potential providers to this market, we felt it was necessary to provide some level of pre-qualification before we could have any comfort in recommending these services to our subscribers," said Joanie Mann, InsynQ Vice President of Strategic Alliances and Product Manager for e-Accounting. "We expect that the list of provider organizations and other supporting services will quickly grow."
InsynQ e-Accounting will be co-sponsoring a series of seminars in the top 25 US markets over the next four months for CPAs, accountants and bookkeepers that explain the online accounting model. These seminars will detail the outsourced accounting opportunity, and demonstrate the benefits of using business process outsourcers in support of practice initiatives. Please contact James Torpey at sales@insynq.com to receive information on these seminars.
About InsynQ
InsynQ has been delivering outsourced software application hosting and managed IT services since 1997. InsynQ allows business customers to "turn on" their software applications and workstations instantly through any web enabled computer, regardless of operating system. What's more, InsynQ subscribers can freely access their software and data from any computer, anywhere in the world. The company also offers IT and network integration consulting, multimedia development, a broad range of business application services, and infrastructure management services. For more information, visit us at www.insynq.com or call us at 253-284-2000.
Forward Looking Statements
Statements made in this press release that state the Company or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.
Contact
Insynq, Inc.
253-284-2000 Investor Relations Sales - James Torpey
www.insynq.com irl@insynq.com sales@insynq.com
SOURCE InsynQ, Inc.
CONTACT: Investor Relations, irl@insynq.com, Sales - James Torpey,
sales@insynq.com, +1-253-284-2000, all of Insynq, Inc.
URL: http://eaccounting.cpa-asp.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
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KEYWORD: Washington
INDUSTRY KEYWORD: CPR
ITE
STW
MLM
OTC
SUBJECT CODE: PDT
SSPCE Volume & Breakout alert! E should be gone soon and more news on the way. Moving ^ nicely today. Looking for .02+ soon.
ONEV should be a big mover this week. Picked up by stock prowler.com as a September pick and news expected today or tomorrow. Already gapping in pre-market.
Dallas_Boy49, Dallas Cowboys scored 52 points against Oakland in pre-season? WTF was that! They should have saved some of those points for the regular season.
Good morning Capt_Nemo. Just a snaffu on my part. That's what I get for posting before I have my 1st cup of coffee. lol. My bad. Back the subbers corner. GLTU
Thanks Churak! Sorry about that. GLTU
Any idea where my earlier post was removed - post # 27594? It was regarding CPVD technical analysis:
http://quotes.barchart.com/texpert.asp?sym=uvcl
TIA, stock190
IDTA Breaking out nicely. eom
Any thoughts on IDTA? Expecting news next week (per the CEO) and hopefully soon to be listed on the OTCBB. Their drug detection kits look impressive and they just signed a deal with CVS to market the kits on their website. A lot of good things going on for this sub-penny stock IMHO. Thoughts/opinions on this one appreciated. TIA