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keep and eye on PRIM...it's started to move up slowly but surely....and as always be careful with these sub pennies especially.
half out of cybt...let the free shares ride. eom
cybt now up 68% 130% 2day total so far weeeeeeeeee! LOL! eom
CYBT - E gone and up 36% weeeeeeeeeeeeee! eom
cybte - up 83% and the jumped the ask and bid at the close....just might be a start of pos momo run....as always be careful with these pennies pos.
CYBTE - filed 10Q and E will come off. Selling by company seems to be off today...maybe done(??? maybe...we'll see). Up 42% eom
little VERSO news... - Verso Technologies, Inc. to Present at the Roth Capital Partners New York Conference
9/1/2004 12:35:00 PM
NEW YORK, Sep 1, 2004 (BUSINESS WIRE) -- Verso Technologies, Inc. (VRSO) will be presenting 9:30 a.m. Eastern time on September 15, 2004 at the Roth Capital Partners New York Conference.
The webcasting page for this presentation is at http://www.wsw.com/webcast/roth4/vrso/
Verso is a leading provider of next generation communication solutions for carriers and enterprises that want to lower their communication infrastructure costs and enhance service capabilities without sacrificing reliability, scalability and quality of service. With an extensive solutions portfolio that extends from the core to the edge of a network, Verso enables customers to leverage legacy technology investments towards converged networks that are faster and more cost-effective to deploy and easier and more flexible to manage. Verso solutions are currently deployed in thousands of customer networks in over 130 countries around the world. For more information, contact Verso at www.verso.com or call 678-589-3500.
About the Roth Capital Partners New York Conference
This annual event is the largest in the nation for emerging growth companies. It provides a concentrated forum where Institutional Investors can meet the executives of growth companies hand picked by Roth Capital's research team. The conference will highlight approximately 225 companies from industry groups including Health Care/Life Sciences; Consumer Products; Defense & Industrial Technologies; Digital Media, IT & Entertainment; Broadband & Fiber Optics; Gaming; and Business and Banking/Financial Services.
This year, as a result of numerous client requests, Roth has extended the conference to three working days, including a Discovery Day, which will be hosted by RedChip Resources, LLC. For more information about the conference visit: http://www.rothcp.com/Conf%20NY%20Web%20Site/Roth.htm?content=home.
SOURCE: Verso Technologies, Inc.
Verso Technologies, Inc.
Monish Bahl, 678-589-3579 (Investors)
Monish.Bahl@verso.com
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Copyright (C) 2004 Business Wire. All rights reserved.
Yes SpillWay....quite a bit move up in buying....look's like money that was in oil, bonds and sidelined is coming into stocks...if this keeps up...could be a start of bull run. imho
VRSO - nice move up this morning also weeee! lol! eom
DCEL - weeeeeeeeeee! lol on their news this morning. eom
ICEW - news IceWEB, Inc. Secures $500,000 Comerica Credit Facility
8/31/2004 1:12:00 PM
RESTON & HERNDON, Va., Aug 31, 2004 (BUSINESS WIRE) -- Comerica Bank (CMA), a leading financial services company, and IceWEB, Inc. (OTB BB: ICEW), a diversified technology company, announced today that Comerica's Technology and Life Sciences Division has provided IceWEB with a $500,000 line of credit.
"We are pleased to provide this credit facility to IceWEB, a public company helping to meet the online training and communications needs of its clients, which range from small to mid-size companies to larger associations and Fortune 500 enterprises," said April Young, senior vice president and mid-Atlantic managing director of Comerica's Technology and Life Sciences Division.
IceWEB, Inc. provides integrated enterprise networking and security solutions, content delivery software and professional consulting services to both public and private enterprises worldwide.
"Comerica impressed us as a bank firmly committed to the technology sector," said Michael Cachine, Sr., chief operating officer, IceWEB Inc. "Comerica has the resources and service offerings to meet our working capital and other financial needs."
About IceWEB
IceWEB, Inc. (OTB BB: ICEW) provides integrated enterprise networking and security solutions, content delivery software and professional consulting services to both public and private enterprises. IceWEB's products, including IceWEB CMS, IceWEB Studio, IceSHOW, Propster, IceWEB Portal and Learningstream.com, allow users to independently manage, create and deliver mission critical information and data quickly and affordably. IceWEB's security and networking solutions, combined with our professional consulting services, help our customers maximize their IT infrastructure for tighter data management, stronger system control and greater return on investment. For more information on our products and services, call IceWEB at 703.964.8000 or visit www.iceweb.com. IceWEB(TM) products and services are available on GSA Contract # GS-35F-5149H.
About Comerica Bank's Technology and Life Sciences Division
Comerica's Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts. The Technology and Life Sciences Division serves all major U.S. technology centers from offices coast-to-coast. Comerica is among the 20 largest banking companies in the nation, with $55 billion in total assets as of June 30, 2004.
SOURCE: IceWEB, Inc.
Comerica
Wayne Mielke, 313-222-4732
or
IceWEB
Susan MacDonald, 703-964-8000, ext. 149
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Rig - I think that's gross revenue...net would be normally in the 20% +- range.
GXXL news . Global's SMS Users Increase to 5,000, 100%+ Increase in Less Than 7 days; Launching Radio/Television Advertising Campaigns
8/30/2004 11:04:27 AM
NEW YORK, Aug 30, 2004 (PRIMEZONE via COMTEX) -- Global Explorations Inc. (Pink Sheets:GXXL) has more than 5,000 registered users using its SMS messaging service. This represents more than a 100% increase in less than 7 days.
"These numbers are astonishing. We expected to grow quickly but not this quickly. Our product is a major success. We are increasing our network capacity to keep up with demand," said Lisa Blackstock, a spokeswoman for Global Explorations Inc. "We expected it to take a few months to acquire these many users. Instead, it has taken us just a few weeks. Global is also expanding its advertising budget for the quarter. Currently ads are running on Google and its affiliate websites. Very shortly Global is going to begin to run ads on radio and television. Exponential growth is the key. This is what we are going to try to achieve."
Global Explorations Inc is quoted on NQB Pink sheets as "GXXL."
Cautionary Statement:
This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
SOURCE: Global Explorations, Inc.
Global Explorations Inc.
Lisa Blackstock
Public Relations
(250) 579-9914
investors@millenniumsms.org
nice one grasswhacker! eom
LQMT - getting jiggy eom
ouch! APBI - Americana Publishing, Inc. Announces Reverse Stock Split 40:1
New Stock Symbol for Americana Publishing, Inc.
8/26/2004 1:42:00 PM
ALBUQUERQUE, N.M., Aug 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- Americana Publishing, Inc. (APBI) announced today a 40:1 reverse stock split. George Lovato, Jr., Chairman of Americana Publishing, Inc. said, "The negative dilution effects of a sub penny stock over the long term were not encouraging. This reverse stock split should support the continuing business plan of the Company." The Company's new stock symbol now is ABPI and still is trading on OTCBB.
Americana Publishing, Inc. is an up and coming leader in the nearly $2 billion audio books industry. The Company currently has approximately 450 book titles and should have well over 500 by year-end, which it sells through the Internet, retail stores, libraries as well as major truck stop distributors. The Company also has a growing print book division and just launched a film production and distribution division, Americana Entertainment, Ltd.
With the Company's audio CD program under way, it plans to segue that part of the business into a DVD rental program.
According to the Video Software Dealers Association, video consumers in the United States doubled their DVD rental spending to an unprecedented $2.9 billion in 2002.
"Our DVD rental program, designed for long-haul truckers, will be similar to programs like NetFlix(R) in that we will be offering volume discounts," said Lovato. "But rather than a monthly fee, we will provide multiple titles at a significant discount and flexibility of return from anywhere in the United States."
ABOUT AMERICANA PUBLISHING, INC.
Americana Publishing, Inc. is a vertically integrated multimedia publishing company whose primary business is publishing and selling audio books, print books and electronic books in a variety of genres. Sales of its products are conducted through the Internet as well as through a distribution network of more than 35,000 retail stores, libraries and truck stops. The Company's Coreflix(TM) subsidiary is the first online action sports DVD rental service marking a new distribution option for the action sports entertainment industry. Developed to meet the exploding demand for action sports DVDs and serve the needs of the huge following, Coreflix(TM), through its Rent * Ride * Return(TM) program, provides customers with more than 500 action and "extreme" sports DVD titles for a fixed monthly fee with no due dates and no late fees
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
SOURCE Americana Publishing, Inc.
George Lovato, Jr. of Americana Publishing, Inc.,
+1-505-265-6121
http://www.americanabooks.com
Copyright (C) 2004 PR Newswire. All rights reserved.
EEGI up 41% )) eom
EEGI - getting jiggy again...up 27% so far. eom
NMKT related news... - Sensitron, Inc. Awards UK Distribution Rights for the Medical System CareTrends Wireless Bridge to Sensitron UK Ltd.
August 26, 2004 10:48:00 (ET)
SAN MATEO, Calif., Aug 26, 2004 (BUSINESS WIRE) -- Sensitron, Inc., a wireless healthcare innovations company, awarded UK distribution rights for its CareTrends(TM) Wireless Bridge to Sensitron (UK) Ltd., for upfront license fees and equity share in that organization. This partnership allows Sensitron Inc. to offer its services in the UK and creates a gateway into the European markets. The CareTrends(TM) system makes it easier to move vital signs and other clinical data into clinical information systems -- a feature that could benefit the NHS's implementation of its electronic medical records (EMR) systems. Rajiv Jaluria, the CEO and President of Sensitron Inc., stated, "Sensitron is pleased to have an agreement with a channel partner with knowledge of local infrastructure and logistics. We are now able to enter those market segments in the UK and European markets that are not part of the present U.S. focus."
The Efficient and Practical Software
Sensitron's CareTrends(TM) Wireless Bridge enables a wide array of vital signs' and other clinical data to be wirelessly transmitted, via secure encryption, to a server based electronic patient record of choice. Potential errors are reduced in data transmission by dating and timing all data while creating an effective audit trail. The system directly links point-of-care devices with clinical information systems, thus reducing time, clinical risk and allowing clinicians to maintain a higher standard of clinical care. The CareTrends(TM) system can support a large variety of applications for Hospitals and Clinics, Nursing and Care Homes, Homecare and Assisted Living, Occupational Health, Insurance Screening, and Correctional Facilities and Detention Centers.
Fulfills Healthcare Providers' Demands
The CareTrends(TM) System offers many advantages to address healthcare providers' myriad needs, which include immediate access to information and a reduction in paperwork. Additional features include the wireless transmission of vital sign and other medical data, the transmission of data in real time via WLAN, WAN infrastructures, graphical data presentation, electronically organizing data population, integrating with any existing database system, communicating with any digital based monitoring device and the ability to link with multiple assessment tools. The data and trends can be presented intra-hospital, inter-hospital, at a clinician's office, or via any web-based PDA or telephone.
Uses The Latest Technology
The CareTrends(TM) Wireless Bridge System uses a combination of wireless Bluetooth and 802.11b communications protocols to send data from any point-of-care medical device to any existing server based electronic patient record. A Bluetooth and 802.11b wireless enabled tablet PC or other similar windows based interface facilitates the data communications, allowing the caregiver to automatically transmit the vital signs data and relevant patient information, and view current and historical data. The enterprise software in the server collects the readings and records results according to parameters set by the clinician before presenting data to caregivers. The system is modular enough to accommodate multiple hospital facilities with data communication customized per patient. By combining vital signs information with other related clinical patient records, the clinician is armed with a complete view of the patient's status, enabling him or her to make a better assessment of the patient's overall health.
About Sensitron, Inc. (http://www.sensitron.net):
Sensitron, Inc. is a Silicon Valley-based wireless healthcare innovations company that has developed the CareTrends(TM) Wireless Bridge System. The system minimizes transcription errors and eliminates lag time between the reading, capture, and documentation of clinical data because it directly communicates vital signs and other data from wirelessly enabled point-of-care medical devices at the bedside.
About Sensitron (UK), Ltd. (http://sensitron.co.uk):
Sensitron (UK), Ltd. is a UK-based company that offers medical software solutions to the UK, Irish, and European healthcare markets. Sensitron (UK) mainly focuses on hospitals and clinics, nursing and care homes, and homecare and assisted living, among other sectors. The management team brings over 40 years of healthcare experience, along with dexterity in healthcare consultancy, strategic redesign, and financial management.
About NewMarket Technology, Inc. (http://newmarkettechnology.com):
NewMarket Technolgy, Inc. (NMKT, Trade) is a minority equity partner in Sensitron, Inc. In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and has achieved a revenue run rate of more than $40 million.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: NewMarket Technology, Inc.
Sensitron, Inc.
Marie Bendix, 650-358-0244 x104
marie@sensitron.net
or
Samir Jaluria, 650-232-2330
samir@sensitron.net
or
LC Group for NewMarket Technology, Inc.
Rick Lutz, 404-261-1196
LCGroup@mindspring.com
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NMKT - running into the close weee! Picked up a little CYBT on it's dip. Markets setting up for a bull run again over the next couple of weeks....especially after labor day. imho.
NMKT - weeee! lol! eom
NMKT - NewMarket Technology, Inc. Signs $4.3 Million Strategic Sourcing Contract to Implement Proprietary Network Solution in Latin America
August 25, 2004 09:00:00 (ET)
DALLAS, Aug 25, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT, Trade) announced today a $4.3 million contract to implement a proprietary network solution in Latin America. The proprietary secure network solution has been developed by an undisclosed United States technology company and will be implemented in Latin America by NewMarket Technology. The contract is scheduled for full delivery before the end of 2004 and accordingly, all revenue will be booked in the financial results for 2004.
NewMarket specializes in the market introduction of emerging technologies. In addition to selling its own proprietary Telecommunications, Healthcare and Security solutions, NewMarket also integrates and supports the complementary proprietary technologies of partner technology companies through the NewMarket Strategic Sourcing Service. NewMarket has established Strategic Sourcing sales and service centers in both Latin America and the Pacific Rim in a strategy to accelerate emerging technology sales in rapidly growing economies that have less brand name competition usually still selling last generation technology solutions.
"A success in Latin America with this innovative, secure network solution will create an entirely new network solution market in North America," explained Philip Verges, CEO of NewMarket Technology. "Hence, the need for secrecy regarding the project at this time. This contract adds to our growing organic sales momentum and further validates the NewMarket business model and the Strategic Sourcing service offering."
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and achieved a revenue run rate of more than $40 million.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc., Dallas
Investor Relations, 404-261-1196
Email: ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
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VRSO - Comwave Launches Managed Voice Service with Verso Clarent Edge Access Softswitch Solution
August 25, 2004 09:30:00 (ET)
ATLANTA, Aug 25, 2004 (BUSINESS WIRE) -- Verso Technologies, Inc. (VRSO, Trade), an integrated communications solutions company, today announced that Comwave (Toronto, Ontario, Canada), a provider of long distance and managed voice services to the U.S. and Canadian marketplaces, has just launched a new IP-based telephone service for home and business users that relies on Verso's Clarent Edge Access Softswitch Solution. Comwave projects that their current Clarent Softswitch Solution, which includes Class 5 Call Manager, Class 4 Call Manager, and BHG 1000 gateways, will be expanded significantly in the near future as subscribers are added; Comwave anticipates 30,000 subscribers by year-end and 100,000 by the end of 2005.
"We project that our new managed voice service will have a hockey stick growth curve because it meets the growing need that both consumers and businesses have for low-cost, feature-rich, and self-managed telephone services," said Yuval Barzakay, vice president of Comwave. "When developing this service we recognized that the key to its success would be a switching and management infrastructure that is easily scalable, market-proven, and simple to manage. After a careful review of several vendors' solutions, it became apparent that Verso's Clarent Edge Access Softswitch Solution stood apart from the competition and provided the best overall value, while meeting all of our requirements."
IP-based managed voice services leverage the power of voice over IP (VoIP) to deliver full-featured telephony at a small fraction of the cost of conventional landline and cellular telephones. Verso's Clarent Edge Access Softswitch Solution makes these services possible. Comwave's product offering is diverse and includes, local phone service, post paid long distance, pre-paid international calling cards, personal 800 numbers, soft-phones, and unlimited packages that are all based on Verso Clarent technology.
"IP-based managed voice services represent an important innovation in the telephony industry and we are working hard to deliver the solutions service providers need to be successful in this emerging marketplace," said Steve Odom, Verso's chairman and chief executive officer. "We are delighted that Comwave selected Verso as their sole source provider of switching infrastructure for this new service and we look forward to partnering with them long into the future."
About Verso Technologies
Verso is a leading provider of next generation communication solutions for carriers and enterprises that want to lower their communication infrastructure costs and enhance service capabilities without sacrificing reliability, scalability and quality of service. With an extensive solutions portfolio that extends from the core to the edge of a network, Verso enables customers to leverage legacy technology investments towards converged networks that are faster and more cost-effective to deploy and easier and more flexible to manage. Verso solutions are currently deployed in thousands of customer networks in over 130 countries around the world. For more information, contact Verso at www.verso.com or call 678.589.3500.
For more information about Comwave please visit www.comwave.net.
SOURCE: Verso Technologies, Inc.
Verso Technologies, Inc., Atlanta
Investor Relations Contact:
Monish Bahl, 678-589-3579
monish.bahl@verso.com
or
Media Contact:
Mary Frances Jones, 678-589-3575
maryfrances.jones@verso.com
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ICOA news fwiw - ICOA Adds Seasoned Sales Executive
Appoints Industry Veteran Dennis diBattista as Vice President of Sales
8/24/2004 10:10:00 AM
WARWICK, R.I., Aug 24, 2004 /PRNewswire-FirstCall via COMTEX/ -- ICOA, Inc. (OTC Bulletin Board: ICOA), a provider of neutral-host broadband wireless Internet solutions in high traffic public locations such as airports, marinas and restaurants, announced today the strengthening of its senior management team with the appointment of Dennis diBattista as Vice President of Sales. Mr. diBattista is a veteran of the communications infrastructure industry with a record of success in solution sales, business management, and revenue accumulation.
"Appointing Dennis as Vice President of Sales is a significant step forward for ICOA and its shareholders as we strengthen our management team and continue our rapid growth in broadband services," said George Strouthopoulos, ICOA's CEO. "Dennis has a long and successful track record building revenue for growing companies. He is being charged with developing our national sales team and leading revenue generation across all divisions and is uniquely positioned to drive sales synergies across ICOA's multiple business units."
Prior to ICOA, Inc., Mr. diBattista was a founding Member and President of QGO, now a wholly-owned subsidiary of ICOA, Inc. At QGO, Mr. diBattista led the company's growth in securing national accounts such as Panera Bread and Au Bon Pain. Prior to QGO, Mr. diBattista founded QC2, a provider of contract installation services to Fortune 100 accounts, generating over $20 million in revenues. Prior, Mr. diBattista was Vice President of Operations for Telergy, Inc where he managed the construction of a 300-mile fiber optic network. Prior, Mr. diBattista was General Manager of Brooks Fiber Communications, responsible for the Rhode Island subsidiary operations where he oversaw $20 million in capital expenditures. Mr. diBattista holds an MBA from the University of Rhode Island, an MA from the University of Pennsylvania, and is a graduate of Boston University.
"ICOA has established a solid platform for rapid growth over the coming years," said Mr. diBattista. "I look forward to the opportunity to significantly enhance shareholder value by rapidly ramping revenues and opening greenfield opportunities as broadband wireless alters the telecommunications landscape."
About ICOA, Inc.
ICOA, Inc., (ICOA) located in Warwick, RI, is a leading provider of Neutral-Host wireless and wired broadband Internet networks in high traffic public locations. ICOA, Inc. provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi Hotspot and Hot Zone infrastructure throughout airport facilities, Quick Service Restaurants, Marinas and Hospitality locations, as well as High Speed Internet Terminals (WebCenter3000(TM)). ICOA currently operates or manages over 410 installations serving more than 20 million, including 325 Panera Bread locations, the San Francisco International Airport (SFO), Spokane International Airport (GEG), the Greater Baton Rouge, Louisiana Airport (BTR), Sacramento International Airport (SMF), Manchester Airport (MHT), Savannah/Hilton Head International Airport (SAV), Fresno- Yosemite International Airport (FYI), 34 Marinas in California and Rhode Island's Newport Harbor 'Hot Zone'. For additional information, please visit http://www.icoacorp.com.
'Safe Harbor'
The foregoing contains "forward-looking statements" which are based on management's beliefs as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA's control that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA's filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.
John K. Balbach
ICOA, Inc
Tel: 415.776-6695
jbalbach@icoacorp.com
http://www.icoacorp.com
(ICOA)
SOURCE ICOA, Inc.
John K. Balbach of ICOA, Inc, +1-415-776-6695,
jbalbach@icoacorp.com
http://www.icoacorp.com
Copyright (C) 2004 PR Newswire. All rights reserved.
HYGS - Hydrogenics Unveils Toronto`s First Hydrogen Refueling Station
August 24, 2004 08:02:00 (ET)
TORONTO, Aug 24, 2004 /PRNewswire-FirstCall via COMTEX/ -- Hydrogenics Corporation (HYGS, Trade), a designer and manufacturer of hydrogen and fuel cell systems, today unveiled the first of four Hydrogenics' projects to be part of Toronto's Hydrogen Village. The unveiling of the Company's HyLYZER(TM) hydrogen refueler took place at the Canadian National Exhibition (CNE) as part of the CNE's Green Day event. Hydrogenics also announced it has received a CDN $4.25 million strategic investment from the Government of Canada's Hydrogen Early Adopters (h2EA) program that will help in establishing the four unique projects in which Hydrogenics will lead a consortium of partners. The total value of the projects is over CDN $10 million.
"We are pleased to be at the core of the larger Hydrogen Village initiative and to have this show of government support," said Pierre Rivard, President and CEO of Hydrogenics. "These projects and the technology portfolio that they encompass are at the heart of what Hydrogenics does. It will allow us to showcase our technologies in our home town and demonstrate the potential for early market adoption in several key industries like fleet transportation, light mobility transportation and back-up power generation."
Hydrogenics' HyLYZER(TM) refueler at Exhibition Place is Toronto's first public hydrogen refueling station. During the CNE the refueler will use electricity generated by the Wind Turbine, sited at Exhibition Place, to produce clean hydrogen. The hydrogen will be used to refuel a range of fuel cell powered demonstration vehicles at the event, all powered by Hydrogenics' fuel cell power module technology. The vehicles on site include a forklift, a John Deere commercial work vehicle, and a GEM(TM) 'neighborhood' vehicle.
As part of Toronto's Hydrogen Village it is hoped that the initiatives this investment supports (described below) will act as catalysts for more development in Toronto's Hydrogen infrastructure. Projects over the next two years include:
-- Fuel Cell Powered Utility Work Vehicles
Four fuel cell powered utility work vehicles will be showcased in two
phases (2004 and 2005). Throughout this demonstration phase these
vehicles will perform regular duties at Exhibition Place and other
designated locations. The project will also demonstrate critical on
and off-board diagnostics and monitoring equipment. Participants in
this demonstration include John Deere ePower Technologies, Exhibition
Place and Greenlight Power Technologies (a division of Hydrogenics).
-- HyLYZER Refueling Station
Fuelled by wind energy from the wind turbine located at Toronto's
Exhibition Place, the HyLYZER refueling station will be capable of
producing approximately 65 kg of hydrogen per day, an amount sufficient
to fuel up to 20 vehicles per day. In this project the hydrogen
produced will be used to fuel the hydrogen powered John Deere vehicles
mentioned above, as well as other vehicles that are introduced in the
development of the Hydrogen Village. Participants in this project
include Exhibition Place, the City of Toronto, and Toronto Renewable
Energy Corporation.
-- Back-up Power Generator
A hydrogen fuel cell power module will be used for a backup power
generation solution at a cell tower site. Partners in this project
include Bell Canada and Emerson Network Power Group, formerly known as
Marconi Communications.
-- Hybrid Fuel Cell / Battery Delivery Vehicle
This project will demonstrate a hybrid fuel cell delivery vehicle in a
commercial fleet application. Hydrogenics' HyPM(TM) power module
technology will be integrated with batteries to offer an efficient
zero-emission alternative to Purolator Courier Ltd's diesel/electric
powered fleet vehicles as that company undertakes its 'Greening the
Fleet' program. The project also includes the commissioning of a
HyLYZER(TM) Refueler providing on-site hydrogen production, storage and
dispensing capabilities. Partnerships in this project include Purolator
and Canadian Transportation Fuel Cell Alliance.
About Hydrogenics
Hydrogenics Corporation (http://www.hydrogenics.com) is a leading clean power generation company, engaged in the commercialization of fuel cell technology and test stations for fuel cells. The company is building a sustainable business, in a potentially "game changing technology" for transportation, stationary and portable power. Hydrogenics, based in Mississauga, Ontario, Canada, has operations in British Columbia, Canada, Japan, the United States and Germany.
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Law of 1995. These statements are based on management's current expectations and are subject to changes in the competitive environment adversely affecting the products, markets, revenues or margins of Hydrogenics' business. Readers should not place undue reliance on Hydrogenics' forward-looking statements. Investors are encouraged to review the section captioned "Risk Factors" in Hydrogenics' registration statement on form F-10 filed with the Securities and Exchange Commission on February 3, 2004 for a more complete discussion of factors that could affect Hydrogenics' future performance. Hydrogenics undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE Hydrogenics Corporation
Investor, Gary Brandt, Chief Financial Officer of Hydrogenics
Corporation, +1-905-361-3633, investors@hydrogenics.com; or Media, Melody
Gaukel of Ketchum on behalf of Hydrogenics, +1-416-544-4906/cell: +1-416-988-
0535, melody.gaukel@ketchum.com
/Web Site: http://www.hydrogenics.com
(HYGS HYG.)
Copyright (C) 2004 PR Newswire. All rights reserved.
CRAY - making a nice move up today...bouncing off it's bottom late july bottom.
CYBT - Cybertel Capital's Core Energy Releases Results of Steaming Operations
8/23/2004 10:16:58 AM
VISTA, CA, Aug. 23, 2004 (MARKET WIRE via COMTEX) -- Cybertel Capital Corporation (CYBT) announced today that Core Energy, a unit of Cybertel Capital, has completed steamovers on its first four wells. The results have been better than anticipated. Average production for August has increased 44% to 187 barrels per day. The world spot market for crude jumped to a new high of $48.70 per barrel last week.
Cybertel is a fully integrated telecommunications service provider that supplies a wide range of telecommunications services. The company offers highly competitive rates to its residential customers on long-distance, personal 1-800 numbers, and calling cards. For businesses, Cybertel offers a wide variety of value-added services. The company is generating a new business plan that encompasses acquiring and developing companies in preparation for going public.
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, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
For more information contact:
Cybertel Communications Corporation
Arthur Armagost
Tel: 760-599-0265
aarmagost@cybertelcorp.com
SOURCE: Cybertel Communications
Copyright 2004 Market Wire, All rights reserved.
IONA - also moving up strongly today. < eom
SONS up 14% eom
SONS - might run on this news....Sonus Networks Reports 2004 Second Quarter Financial Results
Revenues Increase 16% Sequentially, Profits Increase to $0.02 Per Share; Company Becomes Current On All Financial Reporting Requirements
8/20/2004 4:05:00 PM
CHELMSFORD, Mass., Aug 20, 2004 (BUSINESS WIRE) -- Sonus Networks (Pink Sheets:SONS), a leading supplier of service provider voice over IP (VoIP) infrastructure solutions, today reported its financial results for the second quarter ended June 30, 2004. Sonus today also filed its Form 10-Q for the second quarter of 2004 with the Securities and Exchange Commission (SEC). Sonus will hold a conference call to review its financial results at 8:00 am Eastern time, Monday, August 23, 2004.
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Revenues for the second quarter of fiscal 2004 were $42.4 million compared with $36.5 million for the first quarter of fiscal 2004 and $15.4 million for the second quarter of fiscal 2003. Net income for the second quarter of fiscal 2004 was $4.9 million or $0.02 per share compared with a net income of $3.0 million or $0.01 per share for the first quarter of fiscal 2004 and a net loss of $7.3 million or $0.03 per share for the second quarter of fiscal 2003.
Revenues for the first six months of fiscal 2004 were $78.9 million compared with $24.6 million in the same period last year. Net income for the first six months of fiscal 2004 was $7.9 million or $0.03 per share compared with a net loss for the first six months of fiscal 2003 of $17.0 million or $0.08 per share.
Today's filing of Sonus' Quarterly Report on Form 10-Q for the second quarter brings the Company into full compliance with the SEC periodic financial statement reporting requirements. The Company has notified Nasdaq of its filing and will immediately apply for re-listing on The Nasdaq National Market.
"With today's filings, we have successfully regained compliance with SEC reporting requirements," said Hassan Ahmed, chief executive officer and chairman, Sonus Networks. "While it would have been easy to become distracted or lose momentum during this time, we remained focused on winning new business, expanding our market presence and delivering new solutions and services, and the results we are reporting to you today underscore this. We are pleased with our performance for the second quarter and are optimistic about the opportunity ahead of us."
Sonus' growth in the second quarter was fueled by an increasingly diversified customer base, as new customers selected Sonus for their VoIP networks and existing customers expanded their deployments. Reflecting this growth and diversity, AT&T Wireless, Qwest Communications and Volo were each 10% customers for the second quarter. In May, Global Crossing announced that it had achieved several important milestones with its Sonus-based network. Global Crossing more than doubled the minutes of traffic running on its VoIP network between January 2003 and March 2004, and also boosted the reliability of its network, recording 99.999 percent availability for the same period. Also in the quarter, Volo Communications implemented Sonus' VoIP infrastructure solutions to enhance its nationwide IP backbone network.
As testament to its success with its customers, independent industry research firms again recognized Sonus as the number one provider of carrier voice over IP (VoIP) infrastructure. Synergy Research Group and In-Stat/MDR issued first quarter market share reports naming Sonus as the market share leader in several segments of the VoIP equipment market.
At SUPERCOMM 2004, Sonus further extended its technology advantage, launching access solutions to facilitate carriers' deployment of voice over broadband (VoBB) services for consumers and enterprises. Sonus' VoBB solution delivers basic local area calling features as well as advanced IP-based functionality over broadband technologies including DSL and cable, providing a lower-cost and flexible alternative for residential and enterprise telephone services. Additionally, Sonus also announced that its Insignus(TM) Softswitch featuring the ASX Access Server provides enhanced services via WiFi devices.
Company Conference Call, Webcast and Replay Information
Date: Monday, August 23, 2004
Time: 8:00 am Eastern
To listen via telephone: Dial-in number: +1-800-726-6572 or
+1-415-908-6280
To listen via the Internet: Sonus will host a live webcast of the
conference call. To access the webcast, visit the Sonus
Networks Investor Relations site at http://www.sonusnet.com.
Replay: A telephone playback of the call will be available
following the conference and can be accessed by calling
+1-800-633-8284 or +1-402-977-9140. The access code for the
replay is 21205824. The telephone playback will be available
through Tuesday, September 7, 2004.
The webcast will be available on the Sonus Networks Investor
Relations site through August 23, 2005. To access the replay of the
webcast, visit the Investor Relations site at http://www.sonusnet.com.
About Sonus Networks
Sonus Networks, Inc. is a leading provider of voice over IP (VoIP) infrastructure solutions for wireline and wireless service providers. With its Open Services Architecture(TM) (OSA), Sonus delivers end-to-end solutions addressing a full range of carrier applications, including trunking and tandem switching, residential and business access, network border switching and enhanced services. Sonus' voice infrastructure solutions, including media gateways, softswitches and network management systems, are deployed in service provider networks worldwide. Sonus, founded in 1997, is headquartered in Chelmsford, Massachusetts. Additional information on Sonus is available at http://www.sonusnet.com.
This release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the "Risk Factors" section of Sonus' Annual Report on Form 10-K/A dated July 28, 2004 and filed with the SEC, and the "Cautionary Statements" section of Sonus' Quarterly Report on Form 10-Q, dated August 20, 2004 and filed with the SEC, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Risk factors include, among others, the possibility that Sonus may not be re-listed on the The Nasdaq National Market and risks associated with the pending securities litigation and SEC investigation. In addition, any forward-looking statements represent Sonus' views only as of today and should not be relied upon as representing Sonus' views as of any subsequent date. While Sonus may elect to update forward-looking statements at some point, Sonus specifically disclaims any obligation to do so.
Sonus is a registered trademark of Sonus Networks. Open Services Architecture, GSX9000, Insignus and Sonus Insight are trademarks of Sonus Networks. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
SONUS NETWORKS, INC.
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
Three Three Three
Months Months Months
Ended Ended Ended
June 30, June 30, March 31,
2004 2003 2004
----------- ---------- ---------
Revenues $42,361 $15,366 $36,532
Cost of revenues 13,941 7,265 12,400
----------- ---------- ---------
Gross profit 28,420 8,101 24,132
Gross profit % 67.1% 52.7% 66.1%
Operating expenses:
Research and development 8,923 8,504 8,928
Sales and marketing 8,635 4,476 6,860
General and administrative 5,745 1,456 4,827
Stock-based compensation 136 645 379
Amort. of goodwill and purchased
intangible assets 600 602 600
----------- ---------- ---------
Total operating expenses 24,039 15,683 21,594
----------- ---------- ---------
Income (loss) from operations 4,381 (7,582) 2,538
Interest expense (121) (148) (122)
Interest income 891 461 765
----------- ---------- ---------
Income (loss) before provision for
income taxes 5,151 (7,269) 3,181
Provision for income taxes 217 32 167
----------- ---------- ---------
Net income (loss) $4,934 $(7,301) $3,014
=========== ========== =========
Net income (loss) per share:
Basic $0.02 $(0.03) $0.01
Diluted $0.02 $(0.03) $0.01
Shares used in computation:
Basic 245,390 215,970 244,607
Diluted 250,127 215,970 255,592
SONUS NETWORKS, INC.
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
Six Months Ended Six Months Ended
June 30, 2004 June 30, 2003
------------------- -----------------
Revenues $78,893 $24,575
Cost of revenues 26,341 11,358
------------------- -----------------
Gross profit 52,552 13,217
Gross profit % 66.6% 53.8%
Operating expenses:
Research and development 17,851 16,209
Sales and marketing 15,495 8,447
General and administrative 10,572 3,295
Stock-based compensation 515 1,569
Amort. of goodwill and purchased
intangible assets 1,200 1,204
------------------- -----------------
Total operating expenses 45,633 30,724
------------------- -----------------
Income (loss) from operations 6,919 (17,507)
Interest expense (243) (278)
Interest income 1,656 842
------------------- -----------------
Income (loss) before provision
for income taxes 8,332 (16,943)
Provision for income taxes 384 65
------------------- -----------------
Net income (loss) $7,948 $(17,008)
=================== =================
Net income (loss) per share:
Basic $0.03 $(0.08)
Diluted $0.03 $(0.08)
Shares used in computation:
Basic 244,906 207,483
Diluted 253,480 207,483
SONUS NETWORKS, INC.
Condensed Consolidated Balance Sheets
(In thousands)
June 30, December 31,
2004 2003
------------- -------------
Assets
Current assets:
Cash, cash equivalents and marketable
securities $278,376 $305,392
Accounts receivable, net 31,910 23,754
Inventory 20,201 13,739
Other current assets 14,559 6,935
------------- -------------
Total current assets 345,046 349,820
Property and equipment, net 6,399 5,009
Purchased intangible assets, net 1,202 2,402
Long-term marketable securities 25,266 -
Other assets, net 865 1,193
------------- -------------
$378,778 $358,424
============= =============
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable and accrued expenses $30,670 $25,413
Accrued restructuring expenses 199 565
Current portion of deferred revenue 62,864 62,698
Current portion of long-term
liabilities 101 182
------------- -------------
Total current liabilities 93,834 88,858
Long-term deferred revenue, less current
portion 30,142 24,302
Long-term liabilities, less current portion 708 829
Convertible subordinated notes 10,000 10,000
Stockholders' equity:
Common stock 248 247
Capital in excess of par value 1,044,866 1,043,581
Accumulated deficit (800,614) (808,562)
Deferred compensation (139) (564)
Treasury stock (267) (267)
------------- -------------
Total stockholders' equity 244,094 234,435
------------- -------------
$378,778 $358,424
============= =============
SONUS NETWORKS, INC.
Condensed Consolidated Statements of Cash Flows
(In thousands, except per share data)
Three Three
Months Months
Ended Ended
June 30, June 30,
2004 2003
---------- ----------
Cash flows from operating activities:
Net income (loss) $4,934 $(7,301)
Adjustments to reconcile net income (loss) to net
cash used in
operating activities:
Depreciation 1,271 2,580
Stock-based compensation 136 645
Amortization of purchased intangible assets 600 602
Changes in current assets and liabilities
Accounts receivable 152 (6,250)
Inventory (4,909) (2,436)
Other current assets (6,169) (1,980)
Accounts payable 2,975 1,221
Accrued expenses 591 930
Deferred revenue (1,754) 11,796
---------- ----------
Net cash used in operating activities (2,173) (193)
---------- ----------
Cash flows from investing activities:
Purchase of property and equipment (2,063) (703)
Maturities of marketable securities 2,098 16,035
Purchases of marketable securities (4,286) (900)
Purchases of long-term investments (19,452) 115
Other assets 192 -
---------- ----------
Net cash (used in) provided by investing
activities (23,511) 14,547
---------- ----------
Cash flows from financing activities:
Net proceeds from sale of common stock to public - 56,730
Sales of common stock in connection with employee
stock purchase plan - -
Proceeds from exercise of stock options - 482
Payments of long-term liabilities (52) (424)
Repurchase of common stock - (5)
---------- ----------
Net cash (used in) provided by financing
activities (52) 56,783
---------- ----------
Net (decrease) increase in cash and cash
equivalents (25,736) 71,137
---------- ----------
Cash and cash equivalents, beginning of period 151,971 45,636
---------- ----------
Cash and cash equivalents, end of period $126,235 $116,773
========== ==========
SOURCE: Sonus Networks
Sonus Networks
Investor Relations:
Jocelyn Philbrook, 978-614-8672
jphilbrook@sonusnet.com
or
Media Relations:
Beth Morrissey, 978-614-8579
bmorrissey@sonusnet.com
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Copyright (C) 2004 Business Wire. All rights reserved.
ICEW - also news early of 4.8 million in revenues for 9 mos. eom
ICEW - off and running on news of 10 for 1 forward split. eom
GL Dream....I held icoa late last year when they where rising...but never had the "tremendous" feeling it was one that was going to rocket...but I was willing to hold it as long as it may a steady rise...when it started to drop I sold and have been watching since. I'll still watch and appreciate your updates. TX
Nice Dream...but I'm not sure it'll push you to .06 unless there's a lot more vol. (which seems to missing from the OTC) and or a major increase in revenue which they really didn't address in detail.
PWAV - continues to move up nicely... eom
IBZT - splat! >>> iBIZ Technology Corp. Receives SEC Formal Order to Conduct Investigation
August 19, 2004 16:46:00 (ET)
PHOENIX, Aug 19, 2004 /PRNewswire-FirstCall via COMTEX/ -- iBIZ Technology Corp. (IBZT, Trade), an innovative manufacturer and distributor of accessories for personal digital assistants (PDAs) and other handheld devices, has been advised by its legal counsel that the SEC has issued a formal order to investigate and take the depositions of certain officers and directors of the Company.
About iBIZ Technology Corp.:
iBIZ Technology Corp. is a manufacturer and distributor of accessories for personal digital assistant (PDA) and other handheld devices. iBIZ is recognized for innovative, high-quality, competitively priced products that are available through major retailers. For more information on iBIZ products and services, please visit www.ibizcorp.com or call 1-800 234-0707.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
SOURCE iBIZ Technology Corp.
iBIZ Technology Corp., 1-800-234-0707
http://www.ibizcorp.com
Copyright (C) 2004 PR Newswire. All rights reserved.
more NMKT news - NewMarket Technology, Inc. and Sensitron Inc. Announce Healthcare Industry Affiliate Partnership with Acquisition of 20% of Sensitron Common Shares
Sensitron's Wireless CareTrends(TM) System Featured on NBC 11 Health Watch in San Francisco and on Cisco Systems Website
8/19/2004 2:32:00 PM
DALLAS, Aug 19, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT) and Sensitron Inc. today announced an affiliate partnership to pursue sales of Sensitron's wireless CareTrends(TM) technology in the Healthcare market segment. The partnership includes NewMarket acquiring a 20% equity stake in Sensitron.
Sensitron Inc. is a Silicon Valley-based Wireless Healthcare innovations company that has developed the CareTrends(TM) Wireless Bridge System. The system minimizes transcription errors and eliminates lag time between reading, capturing and documenting clinical data because it directly communicates vital signs and other data from wirelessly enabled point-of-care medical devices at the bedside.
The Sensitron technology was featured on NBC 11 Health Watch (video segment available on Sensitron website) in the San Francisco Bay Area. The proprietary Sensitron technology offers Cisco Systems (CSCO) technology integrated into the overall solution and is featured on Cisco's website. The streaming video segment can be viewed by selecting the May 5th video news release at http://newsroom.cisco.com/dlls/feature_archive.html.
Sensitron, Inc. (http://www.sensitron.net) is a technology company pioneering the development of Health Resource Management (HRM). It has developed the CareTrends(TM) System, an enterprise software and wireless vital signs monitoring system, to improve patient quality of care and decrease healthcare costs. The technology is currently installed in a number of hospitals with several additional hospitals already contracted for installation. Sensitron is lead by a telecommunications veteran of 23 years. Rajiv Jaluria has experience at Sprint (PCS) and Bell Labs (LU) with M.S. and Ph.D. (research only) degrees in Electrical Engineering from Purdue University and a MBA from Pepperdine University.
"Mr. Jaluria visited our facilities this week to learn about our existing wireless and RFID solutions," said Philip Verges, CEO of NewMarket Technology. "We are both enthusiastic about the potential of Sensitron's technology in a healthcare application and believe their CareTrends(TM) System will change hospital management as it is known today. We also recognize the potential of Sensitron's technology in other industry segment applications and intend to move quickly to exchange technical knowledge and expertise between Sensitron and our existing wireless technologies so that we can promptly take advantage of the cross-selling opportunities."
"We simply believe in the NewMarket business model," said Rajiv Jaluria, CEO of Sensitron. "My entire career has been about introducing new technologies to market. I have experience in both Fortune 500 research and development departments as well as with the traditional venture capital route; NewMarket has come up with a better mousetrap. The model they have pioneered makes sense and shows more promise than the traditional startup models that I have been part of in the past. NewMarket and Sensitron will be partners with the promise of synergy and opportunity a key reason for this partnership. We are confident in our ability to expand with NewMarket into the Healthcare market segment and excited by the opportunity to integrate our technology into NewMarket's existing technologies for application in additional market segments."
About NewMarket Technology, Inc. (www.NewMarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and achieved a revenue run rate of more than $40 million.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc., Dallas
Investor Relations, 404-261-1196
Email: ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
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Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
CIRT - CirTran Corp. Posts More Than 360% Increase in Second Quarterly Production Revenues; Second Consecutive Quarter Demonstrating Continued Improved Results From Operations
8/19/2004 1:34:00 PM
SALT LAKE CITY, Aug 19, 2004 (BUSINESS WIRE) -- CirTran Corp. (OTC BB: CIRT), an international full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced that it has reported a gross revenue of $1,924,242 for the second quarter of 2004, which represents a 361% increase over the same period from the previous year, 2003. Year-to-date gross revenue is recorded at $2,603,604, which represents a 279% increase over the same period from the previous year, 2003.
Iehab J. Hawatmeh, president and CEO of CirTran Corp., commented, "We are very pleased with the company's second quarter revenues and financial results. We attribute this to improved efficiency and effective marketing and we stay committed to continuing to improve our operational efficiency while we activate more marketing programs to sustain our long- and short-term growth."
The company is pleased to announce the following financial highlights for the second quarter of 2004:
-- Gross revenue for the second quarter up 361% compared to same
period last year.
-- Gross revenue for the first six months up 279% compared to
same period last year.
-- Gross profit for the second quarter up 148% compared to same
period last year.
-- Gross profit for the first six months up 164% compared to same
period last year.
Net loss for the second quarter 2004 of $361,964 includes a $315,000 expense for acquisition and organizational costs for the startup of CirTran-Asia division.
-- Accounts receivables up more than 1,000% since Dec. 31, 2003.
-- Total assets for the second quarter up more than 82% since
Dec. 31, 2003.
-- Accounts payable for the second quarter down more than 27%
since Dec. 31, 2003.
-- Stockholders deficit for the second quarter down more than 18%
since Dec. 31, 2003.
-- Sales backlog for the second quarter in excess of $8,000,000
(company record).
Trevor M. Saliba, executive vice president of worldwide business development of CirTran Corp., commented, "CirTran's unique marketing program and sales model continues to prove itself as evidenced by the second quarter sales increase and our record backlog. We are projecting to continue to see increased sales each new quarter based on our current backlog and pipeline of projects that we are in the final stages of negotiation."
Pursuant to the multiple multimillion-dollar contract wins to date, the company's backlog is currently in excess of $8,000,000 and will increase accordingly during the third and fourth quarters of 2004.
About CirTran Corp.
Founded in 1993, CirTran Corp. 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, with a state-of-the-art 40,000-square-foot 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 Web site located at www.cirtran.com.
Safe Harbor Statement
Certain statements made herein that are not historical are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the company's periodic filings with the Securities and Exchange Commission.
SOURCE: CirTran Corp.
CirTran Corp.
Trevor M. Saliba, 818-788-2000
http://www.cirtran.com
or
Equitilink, LLC
Ronald L. Garner, 877-788-1940
http://www.equitilinkpr.com
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Copyright (C) 2004 Business Wire. All rights reserved.
NMKT news (fwiw) - NewMarket Technology, Inc. Announces Asia Pacific Technology Trade Mission for Information Technology Professionals and Large Investors
Trade Mission to Feature NewMarket And Other Technology Company Capabilities in Singapore, Shanghai and Beijing
8/19/2004 12:53:00 PM
DALLAS, Aug 19, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT) today announced an Information Technology Trade Mission for Technology Professionals and Investors. The Trade Mission is scheduled for October 10, 2004 and will begin in Singapore and continue on to Shanghai and then Beijing. The Trade Mission is intended to give Information Technology professionals firsthand familiarity with the technology resources available in the Asia Pacific region and to give investors an opportunity to assess emerging technology investment projects. The Trade Mission will visit NewMarket operations in Singapore and China, as well as visiting the operations of other regional technology companies and ventures. Participating large investors will have the opportunity to visit technology companies and Chinese investment firms.
NewMarket believes Singapore is the gateway to the Chinese technology market for Western technology professionals and investors. The Chinese economy is growing robustly and presents many technology opportunities for Western technology professionals to leverage within their existing operations and for investors to add to their technology portfolios. However, the difference in Western and Chinese business culture can make it difficult to execute in the numerous technology opportunities in China. Personal relationships fostered over time are an essential facet of conducting business in China--relationships which NewMarket has developed over the past year. Additionally, NewMarket has established a $10 million dollar operation in Singapore to bridge the business culture divide.
Singapore is both an island and a country, but perhaps its best description is that of city-state. Its combination of Western-style development and Eastern-style calm seems to present the best of both hemispheres: It is a safe modern metropolis and Asian business center. Singapore is a multicultural city. Close to one-quarter of its population are expatriates or foreign workers from all over the world. English is the primary language in Singapore and Mandarin is spoken by more the 70% of the population. Known for its desire to become the technology hub of Asia, Singapore is the most wired country in the region.
One of the world's major oil refining and distribution centers, Singapore is also a major supplier of electronic components and a leader in shipbuilding and repairing. It has also become one of the most important financial centers of Asia, with more than 130 banks. Business dealings are facilitated by Singapore's superb communications network which links the Republic to the rest of the world via satellite. Singapore's Changi Airport was just voted the "Best Airport Worldwide" for a 16th consecutive year by Business Traveller magazine.
The purpose of the trip is to provide prospective technology and investor partners the opportunity to assess first hand the Information Technology capabilities available in Asia and to explore specific opportunities to partner with NewMarket on pilot projects that offer mutually beneficial business opportunities and synergies.
The Information Technology Outsourcing Trade Mission will depart for Singapore on Sunday 10, October arriving on the 11th. The Trade Mission group will have an opportunity to visit NewMarket Operations beginning on Tuesday the 12th. On Thursday the 14th, the group will travel to Shanghai to tour NewMarket Operations and the Operations of NewMarket's Joint Venture Partner, GaozhiSoft. Trade Mission participants that need to depart early can plan for a departure from Shanghai on Sunday 17, October. The remaining participants will travel from Shanghai on Sunday to Beijing to visit additional Information Technology Outsourcing resources with a planned departure on the morning of Wednesday 20, October. The schedule will also include time for all participants to visit local attractions during each stop on the Trade Mission.
About NewMarket Technology Inc (www.NewMarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and achieved a revenue run rate of more than $40 million.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc.
Investor Relations, 404-261-1196
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
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EYE - about time MAMA got going! up 20% so far. eom