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BICO - Bio-One Reports Q2 Revenue $10.9 Mil, Operating Income $1.3 Mil, Six-Months Revenue $15.6 Mil
August 19, 2004 08:45:00 (ET)
ORLANDO, Fla., Aug 19, 2004 /PRNewswire-FirstCall via COMTEX/ -- Bio-One Corporation (BICO, Trade) reported today consolidated net sales of $10,927,674 in the second quarter ended June 30, 2004 compared with no revenue in the second quarter of 2003. The company said it had a net loss of ($276,917) or ($0.04) per share compared with a net loss of ($152,874) or ($0.05) per share in the comparable quarter a year earlier.
For the quarter, the company had operating income of $1,338,511 compared with an operating loss of ($149,657) in the comparable period a year earlier.
For the first six months of 2004, the company reported consolidated net sales of $15,601,178 compared with no sales in the first six months of 2003. The company incurred a net loss of ($4,915,764) or ($0.07) per share compared with a net loss of ($325,317) or ($0.01) per share in the first half of 2003. Operating income for the first six months of 2004 was $1,108,722 versus an operating loss of ($317,318) in the first six months of June 30, 2003.
Armand Dauplaise, chief executive officer of Bio-One said, "Our revenue reflected the sales from our newly acquired subsidiaries PNLabs, American Nutritional Exchange, Interactive Nutrition International and Weifang Shengtai Pharmaceuticals. This was a major gain from a year ago when we did not report any net sales. Our balance sheet has also been considerably strengthened. At the end of the quarter, we had $19.1 million in cash and other current assets compared with cash of only $18,841 a year ago. This significant increase in our cash position is attributable to a draw on our equity line of credit, the sale of a secured convertible debenture, a secured promissory note and the operating performance of our subsidiaries."
About Bio-One
Bio-One Corporation is a nutritional supplements company serving the preventive and alternative healthcare segments. The company intends to acquire additional businesses in order to provide quality nutraceuticals to consumers through vertical integration of manufacturing, distribution and marketing. Current Bio-One subsidiaries include PNLabs, American Nutritional Exchange, ANI Distribution, Interactive Nutrition International, Nutrition Sciences Corp., Healthy Choices Concepts and WeiFang Shengtai Pharmaceuticals Co. Ltd.
Bio-One Corporation is committed to its mission of the continuing pursuit of excellence in serving its customers, suppliers, team members and shareholders. Bio-One is confident that it will accomplish its mission and goals through the application of its management philosophy, which is to treat others the way they would want to be treated themselves.
An investment profile on Bio-One Corporation may be found at http://www.hawkassociates.com/bioone/profile.htm.
For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, email: info@hawkassociates.com. For Bio-One information, contact Bob Gartzman at 888-327-4703. Detailed information about Bio-One may be found on the website http://www.bioonecorp.com. Copies of Bio-One press releases, current Level II price quotes, interactive and java stock charts and other valuable information for investors may be found on the websites http://www.hawkassociates.com and http://www.hawkmicrocaps.com
Certain statements released by Bio-One Corporation that are forward- looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. These include, but are not limited to, economic, competitive, governmental, technological and other risks detailed in the company's registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this release.
SOURCE Bio-One Corporation
Bob Gartzman of Bio-One Corporation, +1-888-327-4703, or for
investor relations information, Frank Hawkins or Julie Marshall, both of Hawk
Associates, at +1-305-852-2383, or email: info@hawkassociates.com
http://www.bioonecorp.com
Copyright (C) 2004 PR Newswire. All rights reserved.
yep and others think so too >>> ING says costly good-bye to Janus
8/18/2004 12:29:44 PM
DENVER, Aug 18, 2004 (United Press International via COMTEX) -- Dutch financial-services giant ING is pulling $5 billion out of four mutual funds run by Janus Capital Group, the Wall Street Journal reported Wednesday.
ING U.S. Financial Services, an arm of ING Groep NV, told the Securities and Exchange Commission it will withdraw its stake in Janus' Aspen funds by yearend.
The $5 billion withdrawal puts a big dent in the four funds, Janus Aspen Mid Cap Growth Portfolio, Janus Aspen Balance Portfolio, Janus Aspen Worldwide Growth Portfolio and Janus Aspen Flexible Income Portfolio.
At the end of June those funds held assets worth about $9 billion.
Concerns about "investment performance, cash flows, investment talent and ongoing feedback from our customers" prompted the move, an ING spokeswoman said.
ING's no-confidence vote comes as Janus has begun posting strong performance.
Fund-tracker Lipper says that over the past 12 months nearly 70 percent of its stock funds have beaten their average peers. In fact, over the past three-, five- and 10-year spans, the majority of Janus' stock portfolios have beaten their average competitors by Lipper's tally.
Copyright 2004 by United Press International
Janus to pay $100 million in fines to SEC….close to $1 billion collected from corporations and individuals so far this year...anyone know where that money goes? To pay off deficit?
well sheeeet your right....sorry.eom
IBIZ iBIZ Software's Issuer and Acquirer Payer Authentication Solutions are now J/Secure Compliant
iBIZ Enters Asia Pacific Region With Local Representation and Partnerships
8/18/2004 11:07:00 AM
TOKYO, Japan and BELLAIRE, Texas, Aug 18, 2004 /PRNewswire via COMTEX/ -- Continuing with its commitment to the global effort of securing online payments, iBIZ Software has now added JCB's J/Secure to the list of programs that it is compliant for 3-D Secure Payer Authentication. JCB International, in turn adds another leading vendor to the fast growing list of 3-D Secure vendors now compliant with the program to authenticate JCB cardholders in real-time while shopping online at J/Secure compliant merchant sites.
iBIZ Software is entering the Japanese market with the local representation from MRS Corporation and will be focusing on enabling merchants to become compliant with J/Secure as well as other 3-D Secure programs from Visa and MasterCard. In doing so, iBIZ will be working aggressively to help JCB implement payer authentication for their millions of cardholders who conduct online transactions. In other parts of the Asia Pacific region iBIZ is working closely with local iBIZness Partners to answer the needs of issuers and acquirers for comprehensive, robust and cost effective online authentication solutions.
"JCB is pleased that iBIZ so quickly certified the CommerSafe MPI and CommerSafe ACS for J/Secure," states Julie Krueger, VP of Emerging Technologies for JCB. "Because iBIZ has a very strong global presence, they are an excellent international partner that will support J/Secure implementations around the world."
"iBIZ is excited to work with JCB in Asia Pacific and around the world together with our global iBIZness Partners," remarked Yaron Charka, CEO of iBIZ Software. "Partnering with JCB is yet another commitment of iBIZ to its customers worldwide, and another important layer in our penetration to the Asian market on our way to becoming the global leading provider of online authentication software solutions."
About JCB International
JCB is an international credit card brand and the largest card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding overseas in 1981. Its merchant network includes 11.7 million merchants and spans 189 countries and territories. JCB cards are now issued in 18 countries and territories, with 51.6 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 320 leading banks and financial institutions globally to increase merchant coverage and cardmember base. JCB's corporate philosophy of "Service from the heart", a commitment to responsive and high-quality service, continues to guide it as it creates the future together with its customers, merchants and partners. For further information, please visit the JCB Co. Ltd. home page at: www.jcb-global.com/english or www.jcbinternational.com.
About iBIZ Software, Inc.
Founded in the year 2000, iBIZ is a pioneer in online payment card security and offers robust online authentication solutions for banks and processors worldwide. iBIZ Software's CommerSafe Product Suite, has been compliant with each of the 3-D Secure programs from their very launch, including Verified by Visa, MasterCard SecureCode and JCB J/Secure. In line with its focus on online authentications, iBIZ develops solutions for site authentication and user authentication. These solutions are designed to combat the worldwide problem of spoofed sites and emails commonly known as 'Phishing'. iBIZ continues to prove itself as a valuable partner for payment card issuing banks, processors, acquiring banks, payment service providers and online merchants as well as the channel partners working in these areas. iBIZ Software is based in Bellaire, Texas, has its sales headquarters in Munich, Germany and maintains a sales office in Buenos Aires, Argentina. iBIZ has customers and channel partners in the United States, Latin America, Australia, South East Asia, Russia, Central and Western Europe, the Middle East and Africa. For more information, visit us at http://www.iBIZ-Software.com.
Media contacts:
For JCB International
Montner & Associates
Deb Montner
+1-(203)-226-9290
dmontner@montner.com
For iBIZ Software:
Public Relations
Nissim Ohayon
+1-(713)-667-7778
Nissim@iBIZ-Software.com
Local Representation
Rolf Lumpe, MRS Corporation
+81-90-9371-4615
rlumpe@mrs-corporation.com
SOURCE iBIZ Software Inc.
Media contacts: For JCB International, Montner & Associates,
Deb Montner, +1 (203)-226-9290, dmontner@montner.com; For iBIZ
Software: Public Relations, Nissim Ohayon, +1 (713)-667-7778,
Nissim@iBIZ-Software.com; Local Representation, Rolf Lumpe, MRS
Corporation, +81-90-9371-4615, rlumpe@mrs-corporation.com
Copyright (C) 2004 PR Newswire. All rights reserved.
Capitalidea - yes I agree....volume may come...I'm holding free shares...sold 1/2 back in March...thinking it would pop higher again, but didn't....I'll still hold it for awhile and see what happens.
DLGI - ... DataLogic International Reports Record Revenues for Q2 2004
August 18, 2004 09:00:00 (ET)
IRVINE, Calif., Aug 18, 2004 /PRNewswire-FirstCall via COMTEX/ -- DataLogic International, Inc., (DLGI, Trade) a technology and professional services company providing a wide range of consulting services and telecommunications products such as VoIP equipment and GPS vehicle tracking devices, today announced its financial results for the second quarter of 2004.
Net sales for the second quarter of 2004 increased 49% to $4.0 million, compared to $2.7 million for the same quarter in 2003. Gross profit for the second quarter of 2004 increased over 1000% to $1.2 million compared to $0.1 million in the second quarter of 2003. Gross margin was 30.7% for the second quarter of 2004, up from 4.1% for the second quarter of last year.
For the second quarter of 2004, net income grew by $1.2 million to $0.5 million, or $0.01 per diluted share, when compared to a net loss of $0.7 million, or $0.02 per diluted share, for the second quarter a year ago.
Derek Nguyen, DataLogic's Chief Executive Officer, commented, "Similar to the first quarter, much of DataLogic's success this quarter was due to the increase in VoIP business we experienced. Particularly pleasing is our gross margin improvement as this business ramps up. We are expecting to incrementally add additional customers in the coming months."
For the six months ended June 30, 2004, net sales increased 61% to $8.0 million, compared to $5.0 million for the same period in 2003. Gross profit increased more than 450% to $2.2 million in the first half of 2004 compared to $0.4 million in the first half of 2003. For the first half of 2004, gross margin was 27.8%, up from 7.9% for the same period last year.
Net income for the six months ended June 30, 2004 grew by $1.6 million to $1.0 million, or $0.02 per diluted share, when compared to a net loss of $0.6 million, or $0.02 loss per diluted share, for the six months ended June 30, 2003.
During the second quarter of 2004 DataLogic received a $3 million financing facility, consisting of a secured convertible term note, from Laurus Master Fund, Ltd. ("Laurus Funds"). The funds were used in part to retire high interest debt. The balance of the funding will be used to support the Company's organic growth and future strategic initiatives.
DataLogic's President and CFO, Keith Nguyen, commented, "This financing improved our capital structure and lowered our interest expense, as it allowed us to repay and terminate a factoring agreement that we were using as a major funding source. We are pleased to have Laurus as a partner. With their support, we are now able to consider more aggressive growth plans."
About DataLogic International, Inc.
DataLogic International, Inc. is a technology and professional services company providing a wide range of consulting services and telecommunications products such as VoIP phones, videophones, communications servers and GPS vehicle tracking devices. The company also provides Information Technology outsourcing and consulting services. DataLogic's customers include U.S. and international governmental agencies as well as a variety of international commercial organizations. For more information, please visit DataLogic International's web site www.dlgi.com.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to DataLogic International or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
For further information, please contact Donna Dolan, Investor Relations of DataLogic International, Inc., +1-949-260-0120, ext. 204, ir@dlgi.com.
SOURCE DataLogic International, Inc.
Donna Dolan, Investor Relations of DataLogic International,
Inc., +1-949-260-0120, ext. 204, ir@dlgi.com
http://www.dlgi.com
Copyright (C) 2004 PR Newswire. All rights reserved.
Keep and eye out for EEGI...it's stepping back up slowly and could be doing the same thing it did when it went from $.25 to $7.00. I'm in for a small amount @ .40. Currently at. $.70.
ISSC - U.S. Air Force Selects Innovative Solutions & Support to Replace Air Data Computers on A-10 Thunderbolts; Recent New Contracts Now Total Net $8.5 Million
8/16/2004 3:24:00 PM
EXTON, Pa., Aug 16, 2004 (BUSINESS WIRE) -- Innovative Solutions & Support (ISSC) today announced that the company has been awarded $8.5 million in contracts, including one for $5.5 million to replace and update the onboard air data equipment in the U.S. Air Force's fleet of A-10 Thunderbolts.
Under the Air Force contract, Innovative Solutions & Support will replace aging air data equipment critical to aircraft performance on the Air Force's entire fleet of A-10 Thunderbolts. The new air data computer will improve reliability as well as reduce maintenance costs and downtime for the aircraft. The A-10 Thunderbolts, first deployed in the 1970s, have proven to be one of the Air Force's most effective, versatile and reliable battle weapons, and have been deployed extensively in recent international conflicts.
The $5.5 million contract underscores the company's growth prospects as it brings to market the next generation of air data equipment.
"We see a tremendous market for advanced air data equipment that offers key benefits of lighter, cheaper, more reliable and flexible technologies, while providing greater situational awareness for military, commercial and general aviation pilots," says Roman Ptakowski, President of Innovative Solutions & Support. "We are proud of our ability to meet U.S. Air Force stringent standards for the A-10, which has served as a critical strategic weapon for more than 30 years."
"The A-10 continues to be the close ground support workhorse," says Col. Mark Donahue, A-10 System Program Director. "The Air Force is continually assessing to improve its war fighting capability and at the same time considering the most effective use of the taxpayer dollar. This contract will improve the reliability and supportability of the Thunderbolt II well into the 21st century."
The U.S. Air Force contract brings recent new orders for the company to $8.5 million. The company also received contracts worth $3.0 million to supply RVSM (Reduced Vertical Separation Minimum), equipment and technology to an installer and a manufacturer of private jets. RVSM equipment enables aircraft to meet FAA mandates for vertical flight separation through more accurate onboard data equipment.
About Innovative Solutions & Support
Headquartered in Exton, PA. Innovative Solutions & Support, Inc. (www.innovative-ss.com) designs, manufactures and markets flight reference computers, electronic displays and advanced monitoring systems that measure and display critical flight information. This includes critical altitude information for compliance to new mandatory reduced vertical separation standards (RVSM, Reduced Vertical Separation Minimum), airspeed and altitude as well as engine and fuel data measurements.
SOURCE: Innovative Solutions & Support
Innovative Solutions & Support, Exton
James Reilly, 610-646-9800
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Copyright (C) 2004 Business Wire. All rights reserved.
CXTI - news....CXTI Recorded Historical Growth of 404% in Revenue and 721% in Net Income for Second Quarter 2004 Compared to First Quarter 2004 Which Represents $7.15 Million in Revenue and $1.82 million in Net Income
8/16/2004 3:17:51 PM
Aug 16, 2004 (PRNewswire via COMTEX) -- China Expert Technology, Inc. (BULLETIN BOARD: CXTI) today reported results for the second quarter ended June 30, 2004. Revenue for the second quarter 2004 increased to USD$7.15 million compared to USD$1.42 million in the first quarter of 2004, reflecting an impressive increase of 404%. Net income for the second quarter 2004 increased to USD$1.82 million and USD$0.08 per share, compared to net income of USD$221,655 and USD$0.01 per share in the first quarter of 2004, reflecting a substantial growth of 721%.
KUNG SZE CHAU, Chief Executive Officer of China Expert, commented, "Our results in second quarter 2004 recorded with historical high ever since the establishment of CXTI was mainly as a result of our continuing and substantial growth of our core e-government business in China. We believe that CXTI has gained additional market share in China recently as we continued to benefit from the increasing demand for e-government construction facilities from various cities in China, the most populous country in the world. People in China are enjoying a more convenient daily life through the application of advanced e-government facilities. With advanced e-government systems facilities being applied in a city, it not only benefits the governmental departments and the residents of the city concerned, it also facilitates and enhances the communication via this city and the other cities of China. In fact, we are currently the only company in China that are experienced and have obtained exclusive rights in handling all e-government projects for individual cities, therefore, we are in a strong position to capture the rapidly growing demand in e-government facilities from those small and medium cities in China. Mr. Chau believes that with our successful track records, CXTI will continue to establish itself as a market leader in the e-government construction market in China in the years to come."
About China Expert Technology, Inc.
China Expert Technology, Inc. (BULLETIN BOARD: CXTI) is a leading China and Hong Kong based IT network and infrastructure company that provides large-scale network infrastructure construction (mainly e-government network infrastructure), business appraisal services for information technology companies in the China (apart from government authorities, China Expert is the ONLY foreign own corporation to obtain such authority in China) and business consultancy services for communities and municipal governments in China. For more information, please visit http://www.chinaexpertnet.com/.
Safe Harbor Statement
Except for the historical statements made herein, the statements made in this release are forward-looking statements that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. China Expert Technology, Inc. undertakes no duty to update these forward-looking statements.
For more information, please contact CXTI at:
Investors:
Ms Kerrie Chung / Mr. Wilson K. Cheung
First Asia Finance Group Limited
Tel: (852) 2736 2111
Fax: (852) 2736 5511
Email: wilsonc@firstasia.com.hk http://www.firstasia.com.hk/
SOURCE China Expert Technology, Inc.
Ms. Kerrie Chung or Mr. Wilson K. Cheung, both of First Asia Finance Group Limited, Tel: +852-2736-2111, Fax: +852-2736-5511, Email:wilsonc@firstasia.com.hk
http://www.chinaexpertnet.com/
Copyright (C) 2004 PR Newswire. All rights reserved.
MAGS - Magal Announces a US$3.3 Million Follow-on Contract to Protect an International Airport in Eastern Europe
August 16, 2004 11:12:00 (ET)
YAHUD, Israel, Aug 16, 2004 /PRNewswire-FirstCall via COMTEX/ -- Magal Security Systems, Ltd. (MAGS, Trade), today announced that it has signed a follow-on US$3.3 million contract to protect an international airport in Eastern Europe.
This comprehensive turnkey project is the second extension of a contract that Magal previously signed to protect this airport. The system will include various types of security systems which are all integrated by Fortis, Magal's computerized Command & Control System which supports real-time decision making and wide-area command and control. In addition, this project will include other sophisticated means for protection provided by Magal. Further details are restricted from being published.
Mr. Jacob Even-Ezra, Chairman of Magal, stated: "The fact that the customer again ordered Magal's products and systems for the third phase of the project, is further proof of the reliability and efficiency of our systems that keep on bringing customers back to us."
About Magal Security Systems, Ltd.
Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing and marketing of computerized security systems, which automatically detect, locate and identify the nature of unauthorized intrusions. Magal also supplies Video Monitoring Services through Smart Interactive Systems, Inc., a subsidiary established in the U.S. in June 2001. The Company's products are currently used in more than 70 countries worldwide to protect national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities from terrorism, theft and other threats. Israeli-based Magal has subsidiaries in the U.S., Canada, the U.K., Germany, Romania, Mexico and an office in China.
Revenues for fiscal year 2003 were $59.4 million, with net income of $2.4 million.
Magal shares have traded in the U.S. on the NASDAQ National Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001, both under the symbol MAGS.
This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Report on Form 8-K filed with the Securities and Exchange Commission.
Contacts:
Magal Security Systems, Ltd
Raya Asher, CFO
Tel: +972-3-539-1444
Fax: +972-3-536-6245
Gelbart kahana Investor Relations
Ehud Helft, Kenny Green,
US toll free: +1-866-704-6710
International: +972-3-6074717
E-mail: Ehud@gk-biz.com
Kenny@gk-biz.com
SOURCE Magal Security Systems Ltd.
Magal Security Systems, Ltd; Raya Asher, CFO, Tel:
+972-3-539-1444, Fax: +972-3-536-6245. Gelbart kahana Investor
Relations; Ehud Helft, Kenny Green, US toll free:
+1-866-704-6710, International: +972-3-6074717, E-mail:
Ehud@gk-biz.com, Kenny@gk-biz.com
(MAGS)
Copyright (C) 2004 PR Newswire. All rights reserved.
NMKT - weeeee! News - NewMarket Technology, Inc. Signs $1.1 Million Defense Industry Contract To Deliver Custom Tactical Operation Solution
Defense Contract Adds To Rapidly Growing NewMarket Sales; Company Increasingly Confident of Exceeding $50 Million 2004 Annualized Revenue Forecast
8/16/2004 10:53:00 AM
DALLAS, Aug 16, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT) announced today a $1.1 million defense industry contract to deliver a custom tactical operation solution. The specifics of the contract are confidential at the request of the client. The custom tactical operation systems will be delivered by NewMarket's Homeland Security and Defense Industry subsidiary DCI. For more information on NewMarket's homeland security and defense industry products and offerings, visit the DCI web page at www.dci-corp.com.
So far this year, NewMarket is meeting or exceeding their 2004 financial forecast. The Company has plans to book over $20 million in revenue in 2004 and reach a profitable revenue run rate of $50 million by year end. The Company recently reported over $10 million in revenue for the first six months with a marginal second quarter loss of $75,000. The Company also recently reported reaching a revenue run rate of over $40 million. More than 40% of the revenue growth from first quarter to second quarter resulted from organic sales while the balance of the growth resulted from acquisition. The Company currently has over $10 million in its sales pipeline and anticipates the majority of growth over the next six months to result from organic sales.
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.
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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CIRT news...CirTran Receives New Orders for Wal-Mart; Company Achieves Record Backlog in Excess of $8 Million
8/13/2004 3:37:00 PM
SALT LAKE CITY, Aug 13, 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 it received an additional order for 5,000 units of a consumer product for the fitness industry manufactured and distributed by its wholly owned subsidiary, CirTran-Asia Inc. The order was placed through a New Jersey-based distributor with the end client being Wal-Mart. This shipment will be distributed nationwide in Wal-Marts located throughout Canada. To date, CirTran-Asia has received orders from Wal-Mart totaling 10,000 units and has shipped and received payment on more than 5,000 units.
Trevor M. Saliba, executive vice president of Worldwide Business Development of CirTran Corp., commented, "We are very pleased to announce our continued relationship with the world's largest retailer. We are anticipating this follow on order to be one of many more to come and eagerly await the marketing campaign of this product in the United States."
The marketing campaign for the United States market is anticipated to begin within the next three months. Wal-Mart has more than 4,800 stores worldwide with nearly 75% based in the United States. In addition, it is the No. 1 retailer in Canada and Mexico.
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, 818-788-2033
http://www.cirtran.com
or
Equitilink, LLC
Ronald L. Garner, 877-788-1940
http://www.equitilinkpr.com
Customize your Business Wire news & multimedia to match your needs.
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Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
lil_mini_ditka - yep...just got mentioned on CNBC...they can't even find out who's in charge. LOL!
what the heck is up with that stock (CNDD)??? eom
NMKT - moving up again. )
BRCD - to beat 3rd Q estimates....bouncing off of 52 week low.eom
ADI getting wacked....even with good earnings > [ADI] ANALOG DEVICES Q3 NET EARNS 43C VS. 21C
VS and MOT should move well on this news...maybe LOL......Verizon Wireless Exclusive: New Motorola V710 Megapixel Camera Phone
Sleek Flip-Phone Delivers Extreme Photo Functionality Coupled with Cool Cutting-Edge Bluetooth(R) Wireless Technology
8/12/2004 3:06:00 PM
BEDMINSTER, N.J. and LIBERTYVILLE, Ill., Aug 12, 2004 /PRNewswire via COMTEX/ -- Attention gadget-loving customers, the wait is over -- Verizon Wireless, the nation's leading wireless service provider, and Motorola, Inc. (MOT), a global leader in wireless communications, announced the availability of the highly- anticipated Motorola V710 wireless phone. With integrated 1.2 mega-pixel camera, video playback, record and messaging, along with integrated Bluetooth wireless technology, the Motorola V710 is available exclusively to Verizon Wireless customers.
Looking to do more with a phone than talk? The Motorola V710 delivers a complete package for today's mobile customers with its sleek look and popular features. One of the first CDMA mega-pixel camera phones in the United States to date, the Motorola V710 is the perfect convergence device. The phone's integrated 1.2 mega-pixel camera allows customers to snap better photos than ever before, as well as shoot and playback video clips. Coupled with the separately purchased custom designed Bluetooth headset, the wireless, cordless device is the must-have device of the year.
The Motorola V710 is also Get It Now(R)-enabled, offering customers even more options in an already full-featured device. With several shopping aisles to choose from, Get It Now provides access to a plethora of downloadable applications including games, ringtones, productivity tools and more. Customers can quickly and easily select from 500 downloadable applications in the Get It Now virtual store.
Features
The Motorola V710 features include:
* 1.2 mega-pixel camera
* Video capture, playback and messaging
* Bluetooth wireless connectivity
* Speaker independent voice dialing
* Office quality speaker phone
* Stereo sound
* TransFlash memory expansion slot
* Mobile Web 2.0(SM) capable
* Get It Now capable
* Large 2.2" internal color display
* Large 1.3" external color display
* PIM functionality with picture caller-ID
* Multimedia Messaging Service (MMS)
* E-mail: POP3, SMTP, IMAP4*
Accessories
Customers looking for the ultimate wireless experience will love the accessories that leverage the Motorola V710's integrated Bluetooth wireless technology. A variety of compatible accessories are available to make talking and listening without wires a snap, including the Motorola Bluetooth Wireless HS820 Headset, the Motorola Bluetooth Wireless Car Kit and the Motorola Portable Bluetooth Wireless HF800 Speakers.
Pricing and Availability
The Motorola V710 is available for $249.99 after a $70 rebate with a two- year service agreement at more than 1,200 Verizon Wireless Communications Stores nationwide and participating RadioShack locations, or on the Web at http://www.verizonwireless.com. Accessories are also available at those locations and include a $20 mail-in rebate until October 30, 2004. The Motorola Bluetooth Wireless HS820 Headset is available for $79.99 after rebate, the Motorola Bluetooth Wireless Car Kit is available for $199.99 and the Motorola Portable Bluetooth Wireless HF800 Speakers are available for $99.99 after rebate.
For more information on Verizon Wireless' products and services, visit http://www.verizonwireless.com.
About Verizon Wireless
Verizon Wireless is the nation's leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 40.4 million customers. Headquartered in Bedminster, N.J., Verizon Wireless is a joint venture of Verizon Communications (VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com. To receive broadcast-quality video footage of Verizon Wireless operations, log onto http://www.thenewsmarket.com/verizonwireless.
About Get It Now
Get It Now from Verizon Wireless puts a virtual software store inside a wireless phone and lets customers download applications over the air and purchase them directly from their phones. Virtual shopping aisles, including getGAMES, getTONES, getGOING, getPIX, getFUN and getMESSAGING, are organized to help customers find what they want, when they want it.
About Motorola
Motorola, Inc. (MOT) is a global leader in wireless, broadband and automotive communications technologies that help make life smarter, safer, simpler, synchronized and fun. Sales in 2003 were U.S. $27.1 billion. Motorola creates innovative technological solutions that benefit people at home, at work and on the move. The company also is a progressive corporate citizen dedicated to operating ethically, protecting the environment and supporting the communities in which it does business. For more information: http://www.motorola.com.
MEDIA CONTACTS:
Brenda Boyd Raney
Verizon Wireless
908.306.4834
Brenda.Raney@verizonwireless.com
Monica Rohleder
Motorola, Inc.
847.606.1973
monica.rohleder@motorola.com
SOURCE Verizon Wireless
Brenda Boyd Raney, Verizon Wireless, +1-908-306-4834,
Brenda.Raney@verizonwireless.com; Monica Rohleder, Motorola, Inc.,
+1-847-606-1973, monica.rohleder@motorola.com
http://www.verizonwireless.com
ahhhh shittt...that's some what of old news...news was out earlier this morning.....probably bought too high....well it was a starter position. eom
in starter position in SHPGY on this news...FDA Approves ADDERALL XR(R) to Treat ADHD in Adults
ADDERALL XR Is First Stimulant Medication Approved for Attention Deficit Hyperactivity Disorder in Adults
8/12/2004 2:42:00 PM
PHILADELPHIA, Aug 12, 2004 /PRNewswire-FirstCall via COMTEX/ -- Shire Pharmaceuticals Group plc (UK:SHP)(SHPGY)(CA:SHQ) announced today that the U.S. Food and Drug Administration (FDA) has approved ADDERALL XR(R) (mixed salts of a single-entity amphetamine) as a once daily treatment for adults with Attention Deficit Hyperactivity Disorder (ADHD). Since 2001, ADDERALL XR has been approved in the U.S. for the treatment of ADHD in children.
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Up to 65 percent of children with ADHD may still exhibit symptoms into adulthood and an estimated 4.4 percent of the U.S. adult populations are affected by ADHD. If left untreated, this disorder may lead to other psychological difficulties, such as depression, as well as occupational and social disability. Appropriate diagnosis and treatment of ADHD in adults helps improve self-esteem, work performance and skills, educational attainment and social competencies. Over eight million adults in the U.S. may exhibit the symptoms of ADHD, while only 600,000 are actively taking medication.
"ADHD in adult patients may significantly impair a person's social and family relationships, as well as his or her career," said Richard H. Weisler, M.D., adjunct professor of psychiatry at the University of North Carolina, Chapel Hill (UNC) School of Medicine and principal investigator for ADDERALL XR studies in adults. "Stimulant therapies, like ADDERALL XR, have been used successfully in patients for more than 60 years. It's an important step that ADDERALL XR is the first stimulant to be approved for use in adults."
According to a recent national survey, "Capturing America's Attention," the repercussions of untreated ADHD may have limited adults with the condition from reaching their full academic and occupational potential, and limited their satisfaction with themselves and their relationships. Adults with ADHD are twice as likely to be divorced or separated and have had almost twice as many jobs in the past ten years compared to adults without ADHD. Importantly, 43 percent of those adults with ADHD report that they lost or left one or more of those jobs due in some part to their ADHD symptoms. Adults with ADHD are three times more likely to suffer from stress, depression or other problems with emotion; more likely to engage in harmful or antisocial behaviors; and report lower educational achievement, the survey found.
"We are very pleased to be bringing this effective therapy to adults whose lives are affected by ADHD symptoms," said Greg Flexter, Executive Vice President and General Manager of Sales and Marketing, Shire North America. "There has long been an unmet need for treatment among the adult population despite an increasing awareness of ADHD's potential impact on quality of life.
We hope that this approved treatment option will encourage adults with ADHD to seek diagnosis and appropriate treatment. We also hope that treatment will help them pursue fulfilling, engaging lifestyles that are not affected by this condition."
The FDA based its approval on data from a four-week, multi-center, double- blind Phase 3 pivotal trial of 248 adult patients. ADDERALL XR, dosed once- daily, demonstrated significant control of ADHD symptoms at week one, the first evaluation period, and maintained this significant improvement throughout the four-week study. The primary measurement of symptom control was the ADHD Rating Scale (ADHD-RS), a validated scale used by clinicians to assess each of the 18 individual criteria symptoms of ADHD in the Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision(TM), a publication of the American Psychiatric Association.
At the end of the trial, the average ADHD-RS Total Scores for patients taking ADDERALL XR were 49% lower compared with the average scores at the beginning of the trial prior to receiving the medication. Shire recently presented long-term data using ADDERALL XR in adults. The data demonstrated that significant symptom improvement was maintained over 18 months.
The most frequently seen side effects of ADDERALL XR in the adult clinical trial included dry mouth, difficulties sleeping, dizziness, headache, loss of appetite, nausea, rapid heart rate and weight loss.
About ADDERALL XR
ADDERALL XR(R) may not be right for everyone. ADDERALL XR was generally well tolerated in clinical studies. Patients should speak with their doctor if they have a history of high blood pressure or any heart conditions, glaucoma, thyroid problems, emotional instability, mental illness, or a known allergy to this type of medication. If you are currently taking or have recently taken a type of antidepressant called a MAO inhibitor or have a pre- existing structural cardiac abnormality, you should not take ADDERALL XR. There is a potential for worsening of motion or verbal tics and Tourette's syndrome. Abuse of amphetamines may lead to dependence. Misuse of amphetamine may lead to serious cardiovascular adverse events. A patient should report any new psychological symptoms to his or her physician.
About ADHD
ADHD is a neurobiological disorder that manifests as a persistent pattern of inattention and/or hyperactivity-impulsivity more frequent and severe than typically observed in individuals at a comparable level of development. Diagnosing ADHD in adults can help put many of their difficulties into perspective and help them better understand the reasons behind many lifelong symptoms. Proper diagnosis and effective treatment can help improve self- esteem, work performance and skills and social competencies.
Shire Pharmaceuticals Group plc
Shire Pharmaceuticals Group plc (Shire) is a global specialty pharmaceutical company with a strategic focus on meeting the needs of the specialist physician and currently focuses on developing projects and marketing products in the areas of central nervous system (CNS), gastrointestinal (GI), and renal diseases. Shire has operations in the world's key pharmaceutical markets (US, Canada, UK, France, Italy, Spain and Germany) as well as a specialist drug delivery unit in the US.
For further information on Shire, please visit the Company's Web site: http://www.shire.com.
The "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
Statements included herein that are not historical facts, are forward- looking statements. Such forward-looking statements involve a number of risks and uncertainties and are subject to change at any time. In the event such risks or uncertainties materialize, Shire's results could be materially affected. The risks and uncertainties include, but are not limited to, risks associated with the inherent uncertainty of pharmaceutical research, product development, manufacturing and commercialization, the impact of competitive products, including, but not limited to, the impact on Shire's Attention Deficit Hyperactivity Disorder (ADHD) franchise, patents, including but not limited to, legal challenges relating to Shire's ADHD franchise, government regulation and approval, including but not limited to the expected product approval dates of lanthanum carbonate (FOSRENOL(R)), methylphenidate transdermal system (MTS) and XAGRID(R), the implementation of the planned reorganization and other risks and uncertainties detailed from time to time in Shire's filings with the Securities and Exchange Commission.
SOURCE Shire Pharmaceuticals Group plc
Elizabeth Pallotta, +1-212-601-8134, or Marion E. Glick,
+1-212-601-8273, both of Porter Novelli, for Shire Pharmaceuticals Group plc
http://www.shire.com
Copyright (C) 2004 PR Newswire. All rights reserved.
Well if the pattern holds...oil will close shortly and markets should try a rally.... C what happens. eom
yep Buzz, but his hands are tied....but Bush's hands aren't tied....these two storms in the gulf has cut off 25% of the gulf oil. There's his opening. imho.
whoops moving to fast NMKT - .53 x .54 up 54% eom
NWKT - weeeeeeeeeeeeeeeeeeeee! .50 X .51 Up 45%. eom
started a starter position in HYGS on this news. >> Hydrogenics Awarded New Contract by General Motors to Supply Test Stations and Testing Services
8/12/2004 11:44:00 AM
TORONTO, Aug 12, 2004 /PRNewswire-FirstCall via COMTEX/ -- Hydrogenics Corporation (HYGS)(CA:HYG), a developer and manufacturer of hydrogen and fuel cell products, announces that its wholly owned subsidiary, Greenlight Power Technologies (Greenlight), received a multi-million dollar test station contract from General Motors (GM). The highly customized test stations will be delivered to GM's Fuel Cell Activities research facility in Honeoye Falls, New York. In addition to the test station contract, General Motors has also awarded Hydrogenics with a new multi-million dollar contract to provide testing services in support of General Motors' fuel cell stack development program.
"We are particularly pleased to secure these two contracts with General Motors," said Pierre Rivard, President and CEO of Hydrogenics. "GM is recognized as a true pace-setter in this industry and we are very proud to have been selected for these substantial contracts. For seven years, we have been a provider of testing technology and know-how to the General Motors' fuel cell program."
Greenlight, the fuel cell test equipment division of Hydrogenics, is based in Burnaby, British Columbia. The Company's fuel cell test equipment incorporates high precision instrumentation, combined with full-featured software and automation, in support of the most advanced fuel cell development programs worldwide. Through rigorous controls and precision, Greenlight delivers fuel cell testing results that prove the reliability, repeatability and versatility required for the most technically advanced fuel cell development programs.
About Hydrogenics Corporation
Hydrogenics Corporation (HYGS)(CA:HYG) is a leading clean power generation company, engaged in the commercialization of hydrogen and 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. For more information, please visit http://www.hydrogenics.com
About Greenlight Power Technologies, Inc.
Greenlight Power Technologies Inc. (http://www.greenlightpower.com), a wholly-owned subsidiary of Hydrogenics Corporation, is a leading global supplier of testing and diagnostic equipment to the fuel cell industry. It has supplied fuel cell test equipment to the world's premier fuel cell stack manufacturers, component manufacturers, system integrators and research organizations. Greenlight provides a full suite of test equipment for fuel cell stack, stack component, reformer and system testing for companies focused on portable, stationary, and transportation fuel cell applications.
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, Hydrogenics,
+1-905-361-3633, gbrandt@hydrogenics.com; Media, Melody Gaukel, Ketchum on
behalf Hydrogenics, +1-416-544-4906, melody.gaukel@ketchum.com
http://www.hydrogenics.com
NMKT - weeeeee! lol - news>> NewMarket Technology, Inc. Files SEC Form 10QSB Reporting Q204 Revenue of $7.6 Million; Approaching Breakeven with Cash on Hand of $3.3 Million
August 12, 2004 10:38:00 (ET)
DALLAS, Aug 12, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT, Trade) today announced filing SEC Form 10QSB reporting operation results for the Second Quarter of 2004. Net Revenue increased 1,250% from $562,000 for the quarter ended June 30, 2003, to $7.6 million for the quarter ended June 30, 2004. Second Quarter of 2004 revenue increased 280% over First Quarter revenue of $2.6 million. Forty percent (40%) of this increase or $2.8 million was due to organic sales growth of the existing core operations and organic growth from the previously acquired companies.
Substantial earnings improvements in the Second Quarter accelerated the Company toward realizing forecasted operational profitability by year end 2004. While management anticipated quarterly losses associated with investments to expand operations, the reported net loss for this quarter of $73,529 is less than 1% of revenue and reflects a reduction in loss of 88% over the previous quarter.
In addition to improved earnings, the Company also reported a working capital surplus of $1.2 million with cash on hand of $3.3 million. The reported revenue of $10.2 million for the first six months of 2004 reflects just over 50% of the forecasted booked revenue of $20 million for 2004. The Company has a revenue run rate goal of $50 million by year end 2004.
"In December 2003, NewMarket Technology announced an aggressive plan to introduce an innovative new business model that included an equally aggressive financial forecast," said Philip Verges, CEO of NewMarket Technology. "The Company is consistently meeting or exceeding both planned objectives and financial milestones. We expect to continue to meet or exceed planned objectives and milestones into the third and fourth quarter of 2004. Third and fourth quarter results will reflect our continuing organic sales growth and the additional benefit to be realized beginning in the third quarter from our recent acquisition which will contribute an additional $20 million in annualized revenue."
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 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (Q, Trade). 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. RKM IT Solutions of Caracas, Venezuela was also recently acquired as NewMarket's entry into the Latin American market.
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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friggen HP sending the tech south again! Watch out for DELL. imho.
late day buying DOW just might go green....but don't think NAS makes it....we'll see.
money coming out of tech and into healthcare and biopharma...for the short term. eom
nice thanks stockcrap. eom
CIRT - more news this morning...they seem to picking up more work and revenues should improve nicely looking forward....
CirTran Receives $4,090,000 Purchase Order to Build New Electric Household Cooking Appliance Machine; Over $5.5 Million in New Orders Received This Week
August 11, 2004 06:00:00 (ET)
SALT LAKE CITY, Aug 11, 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 it has been awarded an initial purchase order for $4,090,000 through its wholly owned subsidiary, CirTran-Asia Inc. The order is to build a new electric household cooking appliance that will be introduced to the world market in the next couple of months. This initial order exceeds 200,000 units.
The product is similar to, yet ultimately much different from other successful home cooking appliances such as "The George Foreman Grill(TM)," which has sold millions of units worldwide since its introduction to the market. This project will be managed out of the firm's ShenZhen, China office. CirTran-Asia Inc. pursues manufacturing relationships beyond printed circuit board assemblies, cables, harnesses and injection molding systems and looks for complete "box-build" or "turn-key" relationships in the electronics, retail and direct consumer product markets.
Trevor M. Saliba, executive vice president of Worldwide Business Development of CirTran Corp., commented, "We are very excited to announce this new multimillion dollar plus purchase order. This order serves as our entrance into the household appliance/product market. In addition, not only does this order significantly increase our orders on books, this order sets a record for the most sales booked in a single week period in the history of the company -- over $5.5 million."
in INTC for a starter position at 21.95...c what happens. eom
One to watch imho...LQMT....I've been holding it since it dipped....avg. .75...here's their news from this morning...... - Liquidmetal Technologies Expects to Complete External Audits and Become Current in SEC Filings by End of September
August 11, 2004 08:48:00 (ET)
LAKE FOREST, Calif., Aug 11, 2004 (BUSINESS WIRE) -- Liquidmetal Technologies, Inc. (Pink Sheets:LQMT) reported in a Form 12b-25 filing with the SEC that it did not file its report on Form 10-Q for the quarter ended June 30, 2004 within the required 40 day reporting period as a result of the ongoing audits and expected restatement of the company's consolidated financial results for certain prior reporting periods. Liquidmetal and Stonefield Josephson Inc. ("Stonefield"), the company's independent auditor, currently expect to complete the audits and SEC filings for all reporting periods under review, including the results for the first and second quarters of 2004, by the end of September 2004.
As previously disclosed, Stonefield was engaged as Liquidmetal's new independent auditor on May 21, 2004. Stonefield is currently conducting a full audit of the company's consolidated financial statements for the three years ended December 31, 2001, 2002, and 2003, as well as reviews of the company's consolidated financial statements for the quarters ended March 31 and June 30, 2004. Given the time-consuming nature of comprehensively auditing three years of consolidated financial statements and reviewing two quarters of financial statements in 2004, Liquidmetal has not yet filed its Form 10-K for the year ended December 31, 2003 or its Forms 10-Q for the quarters ended March 31 and June 30, 2004.
About Liquidmetal Technologies, Inc.
Just picked up a little DCEL for a bounce play and a starter position in SPSS. What I'm starting to look for now is "water stocks"...I'm still reading Water Wars by Vandana Shiva and feel now I should live on a gallon of water a day and only flush the toilet once (lol!)....AND to pull up all the plants and grass and put down astro turf and plastic plants (probably look better anyway) lol! But water just might be valuable than oil in the next several years.
PS: Rubber Band Man!!! …. Funny commercial.
L8r
Well based on CSCO and the NSM ... semis and tech will fall big time tomorrow. I'm staying on the sideline.
INTC now below 52 week low...after the fed announcement...might pickup some. We'll see.
CIRT news....(actually update to early news with $ amounts)>>>
CirTran Receives $1,470,000 Purchase Order to Build the New Fitness Machine Announced Earlier; Initial Order of 35,000 Units to Be Shipped Worldwide
8/10/2004 1:23:00 PM
SALT LAKE CITY, Aug 10, 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 it has been awarded an initial purchase order for $1,470,000 through its wholly owned subsidiary, CirTran-Asia Inc. The order is to build a new fitness machine that will be introduced to the world market in the next few months. This initial order was for 35,000 units. This project will be managed by the firm's ShenZhen, China office. CirTran-Asia Inc. pursues manufacturing relationships beyond printed circuit board assemblies, cables, harnesses and injection molding systems and look for complete "box-build" or "turn-key" relationships in the electronics, retail and direct consumer product markets.
Trevor M. Saliba, executive vice president of Worldwide Business Development of CirTran Corp., commented, "We are very excited to announce this new million dollar plus purchase order. Not only does this significantly increase our backlog, it expands our presence in the fitness machine manufacturing market."
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, 818-788-2033
http://www.cirtran.com
or
Equitilink, LLC
Ronald L. Garner, 877-788-1940
http://www.equitilinkpr.com
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved
in DCEL for a bounce. eom
CAT 10Q out...looks good should help the market come back....some.