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DONT FOLLOW CANDLES SORRY BUD
WMNS BELLEVUE, Wash., Nov. 4, 2010 /PRNewswire-FirstCall/ -- Westmont Resources Inc. (OTC Bulletin Board:WMNS.ob - News) today announced that they have completed an agreement that will extend Westmont's reach and resources with the acquisition of 233 acres and 8 existing wells in the Marcellus Shale region in the southwest tier of Pennsylvania.
Preliminary estimates indicate that the value of the reserves associated with these 233 lease acres in Westmoreland County of Western Pennsylvania from the existing 8 wells located on the leases could amount to nearly $7.2 million. This is based on the company's review of other assessments and production in the immediate area.
Westmont Resources has been working to obtain oil and gas leases in the Marcellus and Chattanooga Shale Region. Representing roughly 61,000 square miles, stretches from Upper New York, through western Pennsylvania and into eastern Ohio and most of Kentucky and West Virginia and parts of Virginia and Eastern Tennessee. It is believed one of the richest natural gas fields in the World. In early 2008, geoscientist at Penn State Univ., and SUNY Fredonia estimated that the Marcellus & Chattanooga contains more than 500 trillion cubic feet of natural gas. These reserves represent more than 2 times the current reserves located in Saudi Arabia. The shale contains largely untapped natural gas reserves, and its proximity to the high-demand markets along the East Coast makes it an attractive target for energy development.
Westmont's portfolio, in addition to this most recent acquisition in the Pennsylvania Marcellus Shale region, includes development of three significant blocks in the Chattanooga Shale region in northern Tennessee consisting of 92 wells, an additional 1,800 lease acres with 60 existing wells in Pennsylvania, and an additional 1,650 lease acres with 60 existing wells in West Virginia. "Our specialty is applying cutting-edge technology in order to 'wring additional value from' long-lived, low risk natural gas and oil properties - To squeeze more oil out of mature basins. These new Pennsylvania assets are an excellent fits with our existing core areas and will expand our portfolio," said Glenn McQuiston, Westmont's President.
"Our specialty is applying cutting-edge technology in order to 'wring additional value from' long-lived, low risk natural gas and oil properties - To squeeze more oil out of mature basins. These new Pennsylvania assets are an excellent fits with our existing core areas and will expand our portfolio," said McQuiston.
APRM CITRA, Fla., Nov. 1, 2010 /PRNewswire-FirstCall/ -- American Pacific Rim Commerce Group (OTC:APRM.ob - News) (www.aprcg.com) today announced earnings guidance for fiscal years 2011 and 2012. The Company expects to report net income attributable to operations of approximately $12,679,040 million for its fiscal year ending November 30, 2011 and $20,300,000 for 2012, respectively. Profit before interest expense, income taxes, depreciation and amortization is expected to be approximately $9.5 million for 2011 and $16.5 million for 2012.
In prepared remarks delivered earlier today to investors, Raymond Talarico, President, said, "Assuming full funding and build-out of our proprietary ecommerce platform mymyJ, the Company projects, for fiscal 2011 ending November 30, 2011 to report earnings of $12 to $13 million and total profit of $9 to $10 million, such guidance represents only a 1% share of total market and suggests a tremendous upside for our shareholders. "By revising our guidance upward we have aligned our expectations with increasingly positive market conditions being reported in China."
American Pacific Rim Commerce Group is a first mover in the ecommerce direct-to-consumer market focused on providing Chinese consumers access to American brands, products and services. The Company offers Small and Medium sized U.S. Business (SME's) transactional-based solutions; promotions, sales, logistics and currency conversion, that will establish its backbone as the leading on-line marketplace between Chinese consumers and U.S. (SME's) sellers. Following successful beta-testing, the company anticipates launching 'mymyJ' (loosely translated); "Buy & Sell Festival" to Chinese consumers in December 2010.
AMERICAN PACIFIC RIM COMMERCE GROUP
(Millions - unaudited)
The following table includes projected reconciliations of net income, expenses and total profit attributable for the periods presented:
Forecasted
Forecasted
Fiscal
Fiscal
Year Ended
Year Ended
November 30,
November 30,
2011
2012
REVENUES
Monthly Subscriber Services
$
5.0
$
10.0
Transaction Fees
1.17
2.34
Monthly Exhibit Fees
2.7
63.6
Advertising Fees
0.27
0.36
mymyJ Kiosks
2.53
2.0
Transaction Fees (endorsements)
1.0
2.0
Total Revenue
$
12.6
$
20.3
EXPENSES
$
3.1
$
3.7
Total Profit
$
9.5
$
16.5
ABOUT APRM:
American Pacific Rim Commerce Group, is a development stage Company marketing "Made-in-the-USA" products and services manufactured by U.S. Small & Medium Size Businesses (SME) to consumers in Hong Kong and China through our proprietary e-commerce platform. APRM is a first mover providing SME's transactional-based solutions; promotions, sales, logistics and currency conversion that will establish our backbone as the leading on-line marketplace between Chinese consumers and SME's, launching 'mymyJ' (loosely translated); "Buy & Sell Festival" in China, 4th Quarter 2010.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are reasonable, it can give no assurance that these assumptions will prove correct. Important factors that may cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
APRM CITRA, Fla., Nov. 1, 2010 /PRNewswire-FirstCall/ -- American Pacific Rim Commerce Group (OTC:APRM.ob - News) (www.aprcg.com) today announced earnings guidance for fiscal years 2011 and 2012. The Company expects to report net income attributable to operations of approximately $12,679,040 million for its fiscal year ending November 30, 2011 and $20,300,000 for 2012, respectively. Profit before interest expense, income taxes, depreciation and amortization is expected to be approximately $9.5 million for 2011 and $16.5 million for 2012.
In prepared remarks delivered earlier today to investors, Raymond Talarico, President, said, "Assuming full funding and build-out of our proprietary ecommerce platform mymyJ, the Company projects, for fiscal 2011 ending November 30, 2011 to report earnings of $12 to $13 million and total profit of $9 to $10 million, such guidance represents only a 1% share of total market and suggests a tremendous upside for our shareholders. "By revising our guidance upward we have aligned our expectations with increasingly positive market conditions being reported in China."
American Pacific Rim Commerce Group is a first mover in the ecommerce direct-to-consumer market focused on providing Chinese consumers access to American brands, products and services. The Company offers Small and Medium sized U.S. Business (SME's) transactional-based solutions; promotions, sales, logistics and currency conversion, that will establish its backbone as the leading on-line marketplace between Chinese consumers and U.S. (SME's) sellers. Following successful beta-testing, the company anticipates launching 'mymyJ' (loosely translated); "Buy & Sell Festival" to Chinese consumers in December 2010.
AMERICAN PACIFIC RIM COMMERCE GROUP
(Millions - unaudited)
The following table includes projected reconciliations of net income, expenses and total profit attributable for the periods presented:
Forecasted
Forecasted
Fiscal
Fiscal
Year Ended
Year Ended
November 30,
November 30,
2011
2012
REVENUES
Monthly Subscriber Services
$
5.0
$
10.0
Transaction Fees
1.17
2.34
Monthly Exhibit Fees
2.7
63.6
Advertising Fees
0.27
0.36
mymyJ Kiosks
2.53
2.0
Transaction Fees (endorsements)
1.0
2.0
Total Revenue
$
12.6
$
20.3
EXPENSES
$
3.1
$
3.7
Total Profit
$
9.5
$
16.5
ABOUT APRM:
American Pacific Rim Commerce Group, is a development stage Company marketing "Made-in-the-USA" products and services manufactured by U.S. Small & Medium Size Businesses (SME) to consumers in Hong Kong and China through our proprietary e-commerce platform. APRM is a first mover providing SME's transactional-based solutions; promotions, sales, logistics and currency conversion that will establish our backbone as the leading on-line marketplace between Chinese consumers and SME's, launching 'mymyJ' (loosely translated); "Buy & Sell Festival" in China, 4th Quarter 2010.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are reasonable, it can give no assurance that these assumptions will prove correct. Important factors that may cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
APRM CITRA, Fla., Nov. 1, 2010 /PRNewswire-FirstCall/ -- American Pacific Rim Commerce Group (OTC:APRM.ob - News) (www.aprcg.com) today announced earnings guidance for fiscal years 2011 and 2012. The Company expects to report net income attributable to operations of approximately $12,679,040 million for its fiscal year ending November 30, 2011 and $20,300,000 for 2012, respectively. Profit before interest expense, income taxes, depreciation and amortization is expected to be approximately $9.5 million for 2011 and $16.5 million for 2012.
In prepared remarks delivered earlier today to investors, Raymond Talarico, President, said, "Assuming full funding and build-out of our proprietary ecommerce platform mymyJ, the Company projects, for fiscal 2011 ending November 30, 2011 to report earnings of $12 to $13 million and total profit of $9 to $10 million, such guidance represents only a 1% share of total market and suggests a tremendous upside for our shareholders. "By revising our guidance upward we have aligned our expectations with increasingly positive market conditions being reported in China."
American Pacific Rim Commerce Group is a first mover in the ecommerce direct-to-consumer market focused on providing Chinese consumers access to American brands, products and services. The Company offers Small and Medium sized U.S. Business (SME's) transactional-based solutions; promotions, sales, logistics and currency conversion, that will establish its backbone as the leading on-line marketplace between Chinese consumers and U.S. (SME's) sellers. Following successful beta-testing, the company anticipates launching 'mymyJ' (loosely translated); "Buy & Sell Festival" to Chinese consumers in December 2010.
AMERICAN PACIFIC RIM COMMERCE GROUP
(Millions - unaudited)
The following table includes projected reconciliations of net income, expenses and total profit attributable for the periods presented:
Forecasted
Forecasted
Fiscal
Fiscal
Year Ended
Year Ended
November 30,
November 30,
2011
2012
REVENUES
Monthly Subscriber Services
$
5.0
$
10.0
Transaction Fees
1.17
2.34
Monthly Exhibit Fees
2.7
63.6
Advertising Fees
0.27
0.36
mymyJ Kiosks
2.53
2.0
Transaction Fees (endorsements)
1.0
2.0
Total Revenue
$
12.6
$
20.3
EXPENSES
$
3.1
$
3.7
Total Profit
$
9.5
$
16.5
ABOUT APRM:
American Pacific Rim Commerce Group, is a development stage Company marketing "Made-in-the-USA" products and services manufactured by U.S. Small & Medium Size Businesses (SME) to consumers in Hong Kong and China through our proprietary e-commerce platform. APRM is a first mover providing SME's transactional-based solutions; promotions, sales, logistics and currency conversion that will establish our backbone as the leading on-line marketplace between Chinese consumers and SME's, launching 'mymyJ' (loosely translated); "Buy & Sell Festival" in China, 4th Quarter 2010.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are reasonable, it can give no assurance that these assumptions will prove correct. Important factors that may cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
APRM CITRA, Fla., Nov. 1, 2010 /PRNewswire-FirstCall/ -- American Pacific Rim Commerce Group (OTC:APRM.ob - News) (www.aprcg.com) today announced earnings guidance for fiscal years 2011 and 2012. The Company expects to report net income attributable to operations of approximately $12,679,040 million for its fiscal year ending November 30, 2011 and $20,300,000 for 2012, respectively. Profit before interest expense, income taxes, depreciation and amortization is expected to be approximately $9.5 million for 2011 and $16.5 million for 2012.
In prepared remarks delivered earlier today to investors, Raymond Talarico, President, said, "Assuming full funding and build-out of our proprietary ecommerce platform mymyJ, the Company projects, for fiscal 2011 ending November 30, 2011 to report earnings of $12 to $13 million and total profit of $9 to $10 million, such guidance represents only a 1% share of total market and suggests a tremendous upside for our shareholders. "By revising our guidance upward we have aligned our expectations with increasingly positive market conditions being reported in China."
American Pacific Rim Commerce Group is a first mover in the ecommerce direct-to-consumer market focused on providing Chinese consumers access to American brands, products and services. The Company offers Small and Medium sized U.S. Business (SME's) transactional-based solutions; promotions, sales, logistics and currency conversion, that will establish its backbone as the leading on-line marketplace between Chinese consumers and U.S. (SME's) sellers. Following successful beta-testing, the company anticipates launching 'mymyJ' (loosely translated); "Buy & Sell Festival" to Chinese consumers in December 2010.
AMERICAN PACIFIC RIM COMMERCE GROUP
(Millions - unaudited)
The following table includes projected reconciliations of net income, expenses and total profit attributable for the periods presented:
Forecasted
Forecasted
Fiscal
Fiscal
Year Ended
Year Ended
November 30,
November 30,
2011
2012
REVENUES
Monthly Subscriber Services
$
5.0
$
10.0
Transaction Fees
1.17
2.34
Monthly Exhibit Fees
2.7
63.6
Advertising Fees
0.27
0.36
mymyJ Kiosks
2.53
2.0
Transaction Fees (endorsements)
1.0
2.0
Total Revenue
$
12.6
$
20.3
EXPENSES
$
3.1
$
3.7
Total Profit
$
9.5
$
16.5
ABOUT APRM:
American Pacific Rim Commerce Group, is a development stage Company marketing "Made-in-the-USA" products and services manufactured by U.S. Small & Medium Size Businesses (SME) to consumers in Hong Kong and China through our proprietary e-commerce platform. APRM is a first mover providing SME's transactional-based solutions; promotions, sales, logistics and currency conversion that will establish our backbone as the leading on-line marketplace between Chinese consumers and SME's, launching 'mymyJ' (loosely translated); "Buy & Sell Festival" in China, 4th Quarter 2010.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are reasonable, it can give no assurance that these assumptions will prove correct. Important factors that may cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
TTII For those of you who weren't able to tune in the interview that President Kathy Griffin gave last night you missed one great interview.She spoke on a wide range of many things and covered Alot of things people would be very interested on hearing about.Did you know that 1 child dies from everyone 20 seconds from hazardous water? That's a very scary fact if you ask me.And TTII focuses heavily on breaking down the chemical waste so that it will not harm anyone.The carbon based machine used for this process uses less energy then it takes to light up 5 light bulbs.That is pretty impressive.She also brought to my attention that that were very few to no competitors within this field That can also make for GREAT business.This company plans within this year to either merge and/or create a partnership to expand business.Which is what about 90% of penny stock intend on doing.It has alot of very skilled management with this company.It currently plans on expanding buisness in there last Press Realease and plans on going to china to learn more and possibly get new buisness clients or find a company willing to merge.They have also had no problems with letting the public know everything that is going on with them.They have had all there information transparent.With no need to hide anything! This company has really proven to me that it has what it takes to make this company work and has all the right tool's I hope you all follow this stock very closely because i see this stock taking bigger steps to but thoes big bucks in investors pockets if you have any questions or comments feel free to visit www.Stockbanana.com for a more inside look at this company and what it has to offer. Thank you and happy investing.
TTII For those of you who weren't able to tune in the interview that President Kathy Griffin gave last night you missed one great interview.She spoke on a wide range of many things and covered Alot of things people would be very interested on hearing about.Did you know that 1 child dies from everyone 20 seconds from hazardous water? That's a very scary fact if you ask me.And TTII focuses heavily on breaking down the chemical waste so that it will not harm anyone.The carbon based machine used for this process uses less energy then it takes to light up 5 light bulbs.That is pretty impressive.She also brought to my attention that that were very few to no competitors within this field That can also make for GREAT business.This company plans within this year to either merge and/or create a partnership to expand business.Which is what about 90% of penny stock intend on doing.It has alot of very skilled management with this company.It currently plans on expanding buisness in there last Press Realease and plans on going to china to learn more and possibly get new buisness clients or find a company willing to merge.They have also had no problems with letting the public know everything that is going on with them.They have had all there information transparent.With no need to hide anything! This company has really proven to me that it has what it takes to make this company work and has all the right tool's I hope you all follow this stock very closely because i see this stock taking bigger steps to but thoes big bucks in investors pockets if you have any questions or comments feel free to visit www.Stockbanana.com for a more inside look at this company and what it has to offer. Thank you and happy investing.
TTII weekend news possible breakout
*NEWS FROM THIS WEEKEND*---->>> http://finance.yahoo.com/news/Tree-Top-Industries-Inc-pz-899119693.html?x=0&.v=1
MORE NEWS------->>> http://finance.yahoo.com/news/Tree-Top-Industries-Inc-Plans-pz-2291974268.html?x=0&.v=1
tree Top's subsidiaries and affiliates include clean-tech energy, bio-energy and green energy solutions and health care companies. Tree Top is an early stage company that is animating its subsidiaries and affiliates concurrently, as it simultaneously moves to acquire companies that are in various stages of development. www.ttiiob.com.
this company is currently looking to expand,It looks to me to becoming a SRCL which
Stericycle, Inc. is engaged in the business of managing regulated waste and providing an array of related services. The Company operates in the United States, Canada, Argentina, Chile, Mexico, Ireland, Portugal, Romania and the United Kingdom. It is currently the top dog in waste management.
We are seeing many new medical procedures rapidly forming along with many deseases and with the ongoing struggle to contains viruses and cold's there must be a solution for chemical waste.This company is almost at the (52) week low which should bring many eyes to this stock as it should see many buys monday.
http://stockcharts.com/h-sc/ui?s=TTII&p=D&b=5&g=0&id=p75669818335
-TTII is showing strong recovery.
With news has traded over 1 million shares,It has a condenced trend forming a stabilizing recovery that could edge investors a hefty return.
many similiar stocks in TTII's sector have shown gains of 20% easily,This stock is set to have a huge day monday,If we see news to this stock expect the biggest day this stock has seen this month ,the chart has evidence to prove it.
Dont be suprized to see pre-market buys within this stock im very confident this will make for a huge volume day and taken at the ask will produce huge gains for fellow investors.
This is a undervalued stock that it currently under the radar.
*NEWS FROM THIS WEEKEND*---->>> http://finance.yahoo.com/news/Tree-Top-Industries-Inc-pz-899119693.html?x=0&.v=1
MORE NEWS------->>> http://finance.yahoo.com/news/Tree-Top-Industries-Inc-Plans-pz-2291974268.html?x=0&.v=1
tree Top's subsidiaries and affiliates include clean-tech energy, bio-energy and green energy solutions and health care companies. Tree Top is an early stage company that is animating its subsidiaries and affiliates concurrently, as it simultaneously moves to acquire companies that are in various stages of development. www.ttiiob.com.
this company is currently looking to expand,It looks to me to becoming a SRCL which
Stericycle, Inc. is engaged in the business of managing regulated waste and providing an array of related services. The Company operates in the United States, Canada, Argentina, Chile, Mexico, Ireland, Portugal, Romania and the United Kingdom. It is currently the top dog in waste management.
We are seeing many new medical procedures rapidly forming along with many deseases and with the ongoing struggle to contains viruses and cold's there must be a solution for chemical waste.This company is almost at the (52) week low which should bring many eyes to this stock as it should see many buys monday.
http://stockcharts.com/h-sc/ui?s=TTII&p=D&b=5&g=0&id=p75669818335
-TTII is showing strong recovery.
With news has traded over 1 million shares,It has a condenced trend forming a stabilizing recovery that could edge investors a hefty return.
many similiar stocks in TTII's sector have shown gains of 20% easily,This stock is set to have a huge day monday,If we see news to this stock expect the biggest day this stock has seen this month ,the chart has evidence to prove it.
Dont be suprized to see pre-market buys within this stock im very confident this will make for a huge volume day and taken at the ask will produce huge gains for fellow investors.
This is a undervalued stock that it currently under the radar.
(TTII) Bio Chemistry break through in "BAT" BioEnergy Applied Technology
TTII.ob Tree Top Industries, Inc. is an early stage development Company with revolutionary waste destruction technology that provides optimal waste management service to the pharmaceutical, medical, and biotech industries. Recorded drug sale costs of over $288 billion in annually with US generating $188 Billion, and International generating $99 billion annually. R&D(Research and Development) expenditure at $38 billion in the U.S. & $11 billion International. Research teams have recorded over 2,900 BioPharmaceutical drugs under development currently with an estimated $600 Million Pounds of Bio-waste
curing every year.
(TTII.ob) Tree Top Industries, Inc. "BAT" bioenergy Chemical Reaction is 99.9% efficient in Bio-waste destruction."Cold Plasma" which incinerates hazardous greenhouse gases to environment. Tree Top Industries, Inc. converts bio-waste destruction converts harmful Agentsinto hydrogen(H2), Water(H20), Carbon Dioxide(CO2), and Carbon Monoxide(CO).
HAS CAME WITH NEWS THAT SHOULD TAKE THIS STOCK INTO OVERDRIVE FOR MONDAY. NEWS---->> http://finance.yahoo.com/news/Tree-Top-Industries-Inc-Plans-pz-2291974268.html?x=0&.v=1
for more information ---> http://stockbanana.com/Man_Shing_Agricultural__Mut.html
TTII history of strong volume with news Watch for monday
Press Release Source: Tree Top Industries, Inc. On Saturday October 16, 2010, 7:00 am EDT
NEW YORK, Oct. 16, 2010 (GLOBE NEWSWIRE) -- Tree Top Industries, Inc. (OTCBB:TTII - News) ("Tree Top"), after discussion with its Board of Directors and management, will be further developing projects such as the build out of the technology held by BioEnergy Applied Technologies, Inc. ("BAT"), by attending the Global Sources Trade Show in Singapore this November, as well as other sourcing Trade Shows in Hong Kong, China, and India. At the same time, Tree Top will actively be seeking to develop an international presence by finding strategic partners to assist in the overall funding of the development of the "BAT" technology.
BAT, a Tree Top subsidiary, is the owner of proprietary intellectual properties in the areas of hazardous waste destruction and waste-to-energy. These intellectual properties are applied to the construction of systems and equipment designed to facilitate the destruction of pharmaceutical, medical, biological, chemical, red-bag and other hazardous wastes, with clean reusable energy produced as a by-product. The system utilizes cold plasma technology to initiate a chemical reaction inside the unit. The chemical reaction causes enough heat to facilitate the waste destruction, resulting in a drastically reduced carbon footprint, as no incineration is needed.
About Tree Top Industries, Inc.: Tree Top is a development stage company, moving to acquire companies that are in various stages of development. Tree Top uses several different paradigms, including stock exchange, joint venture, cash, and other partnership configurations. Tree Top is a publicly listed, independently audited company that offers structure, transparency, capital and growth potential through various business paradigms. Tree Top can provide the means, through incubation, for domestic, foreign and international private companies to become part of a public entity in good standing, whose securities are publicly traded.
Safe Harbor Statement
This press release contains 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. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Related Quotes
Symbol Price Change
APRM.PK 0.0400 +0.0060
{"s" : "aprm.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: American Pacific Rim Commerce Group On Tuesday October 12, 2010, 8:30 am EDT
CITRA, Fla., Oct. 12 /PRNewswire/ -- American Pacific Rim Commerce Group (Pink Sheets:APRM.pk - News) (www.aprcg.com) announced today the debut of a new corporate website including flash presentation of its proprietary ecommerce platform, mymyj.com. APRM markets "Made-in-the-USA" products and services manufactured by U.S. Small & Medium Size Businesses (SME) to consumers in Hong Kong and China through its proprietary e-commerce platform.
APRM is a first mover in the market, providing SME's transactional-based solutions; promotions, sales, logistics and currency conversion, that will establish its backbone as the leading on-line marketplace between Chinese consumers and U.S. SME's. Following successful beta-testing, the company anticipates launching 'mymyj' (loosely translated); "Buy & Sell Festival" to Chinese consumers in December.
The company's website, including the flash presentation, was designed by David Rice of the David Rice Group (www.davidricegroup.com).
ABOUT APRM:
American Pacific Rim Commerce Group, is a development stage Company marketing "Made-in-the-USA" products and services manufactured by U.S. Small & Medium Size Businesses (SME) to consumers in Hong Kong and China through our proprietary e-commerce platform. APRM is a first mover providing SME's transactional-based solutions; promotions, sales, logistics and currency conversion that will establish our backbone as the leading on-line marketplace between Chinese consumers and SME's, launching 'mymyj' (loosely translated); "Buy & Sell Festival" in China, 4th Quarter 2010.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are reasonable, it can give no assurance that these assumptions will prove correct. Important factors that may cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
IDLM CHART---->
http://stockcharts.com/h-sc/ui?s=IDLM&p=D&b=5&g=0&id=p71607808324
Social networking in today’s age is vastly becoming one of the most important phenomena of the past and upcoming decade(s) with most online users visiting social networking websites less often. Social networking promises to become a significant revenue generator. Social network market seems to be far from saturation. Social networking has contributed to rise of social gaming, also developing into a multi- billion dollar industry.
_________________________________________________________________________
***FINANCIALY STABLE ***
During the nine months ended June 30, 2010, IDLM net income was $637,375, which grew $502,807, or 373.6%, over the comparable period ended June 30, 2009, during which we recorded net income of $134,568.
In the three months ended June 30, 2010, we realized net income of $338,103, which was a $273,698 (or 425.0%) increase compared to the three month period ended June 30, 2009, when our net income was $64,405. Our net profit margin during the three months ended June 30, 2010 was 72.0%, compared to 36.5% in the year ago three months ended June 30, 2009.
***CONSTANT AGRESSIVE PROGRESSION***
On July 20, 2010, IDLM entered into a letter of intent to acquire three more websites: www.prisonblock.com,www.chixr.us,and www.tweetvibe.com. These websites provided instant access to markets we had previously not targeted. Prison Block is an online gaming application that provides access to a demographic of young male users, while Chix R Us taps into the female niche. Tweetvive provides access to 'themes' for Twitter user profiles.
Most recently, on August 17, 2010, the Company announced that it had acquired www.HipHopEarly.com,. online music destination for the latest in Hip Hop single pre-releases. This acquisition fits synergistically with DatPiff.com's current audience and customer base.
So After some Do Diligence i have come to see this stock as a ALERT stock to watch.With some more news we should see this stock make some investor's portofolio Gain huge profits.This stock is continously pushing out Advertisments and making huge gains.The rap/hip hop genre is quickly growing among youths. I believe this company is in a rapidly growing sector which is growing at A huge rate we have come to see that music has huge influences and has changed dramaticly over the years.This company has blew my mind with great PR. I will contunue to watch this as this stock will jump With News. feel free to reply with your opinion.
IDLM CHART---->
http://stockcharts.com/h-sc/ui?s=IDLM&p=D&b=5&g=0&id=p71607808324
Social networking in today’s age is vastly becoming one of the most important phenomena of the past and upcoming decade(s) with most online users visiting social networking websites less often. Social networking promises to become a significant revenue generator. Social network market seems to be far from saturation. Social networking has contributed to rise of social gaming, also developing into a multi- billion dollar industry.
_________________________________________________________________________
***FINANCIALY STABLE ***
During the nine months ended June 30, 2010, IDLM net income was $637,375, which grew $502,807, or 373.6%, over the comparable period ended June 30, 2009, during which we recorded net income of $134,568.
In the three months ended June 30, 2010, we realized net income of $338,103, which was a $273,698 (or 425.0%) increase compared to the three month period ended June 30, 2009, when our net income was $64,405. Our net profit margin during the three months ended June 30, 2010 was 72.0%, compared to 36.5% in the year ago three months ended June 30, 2009.
***CONSTANT AGRESSIVE PROGRESSION***
On July 20, 2010, IDLM entered into a letter of intent to acquire three more websites: www.prisonblock.com,www.chixr.us,and www.tweetvibe.com. These websites provided instant access to markets we had previously not targeted. Prison Block is an online gaming application that provides access to a demographic of young male users, while Chix R Us taps into the female niche. Tweetvive provides access to 'themes' for Twitter user profiles.
Most recently, on August 17, 2010, the Company announced that it had acquired www.HipHopEarly.com,. online music destination for the latest in Hip Hop single pre-releases. This acquisition fits synergistically with DatPiff.com's current audience and customer base.
So After some Do Diligence i have come to see this stock as a ALERT stock to watch.With some more news we should see this stock make some investor's portofolio Gain huge profits.This stock is continously pushing out Advertisments and making huge gains.The rap/hip hop genre is quickly growing among youths. I believe this company is in a rapidly growing sector which is growing at A huge rate we have come to see that music has huge influences and has changed dramaticly over the years.This company has blew my mind with great PR. I will contunue to watch this as this stock will jump With News. feel free to reply with your opinion.
IDLM CHART---->
http://stockcharts.com/h-sc/ui?s=IDLM&p=D&b=5&g=0&id=p71607808324
Social networking in today’s age is vastly becoming one of the most important phenomena of the past and upcoming decade(s) with most online users visiting social networking websites less often. Social networking promises to become a significant revenue generator. Social network market seems to be far from saturation. Social networking has contributed to rise of social gaming, also developing into a multi- billion dollar industry.
_________________________________________________________________________
***FINANCIALY STABLE ***
During the nine months ended June 30, 2010, IDLM net income was $637,375, which grew $502,807, or 373.6%, over the comparable period ended June 30, 2009, during which we recorded net income of $134,568.
In the three months ended June 30, 2010, we realized net income of $338,103, which was a $273,698 (or 425.0%) increase compared to the three month period ended June 30, 2009, when our net income was $64,405. Our net profit margin during the three months ended June 30, 2010 was 72.0%, compared to 36.5% in the year ago three months ended June 30, 2009.
***CONSTANT AGRESSIVE PROGRESSION***
On July 20, 2010, IDLM entered into a letter of intent to acquire three more websites: www.prisonblock.com,www.chixr.us,and www.tweetvibe.com. These websites provided instant access to markets we had previously not targeted. Prison Block is an online gaming application that provides access to a demographic of young male users, while Chix R Us taps into the female niche. Tweetvive provides access to 'themes' for Twitter user profiles.
Most recently, on August 17, 2010, the Company announced that it had acquired www.HipHopEarly.com,. online music destination for the latest in Hip Hop single pre-releases. This acquisition fits synergistically with DatPiff.com's current audience and customer base.
So After some Do Diligence i have come to see this stock as a ALERT stock to watch.With some more news we should see this stock make some investor's portofolio Gain huge profits.This stock is continously pushing out Advertisments and making huge gains.The rap/hip hop genre is quickly growing among youths. I believe this company is in a rapidly growing sector which is growing at A huge rate we have come to see that music has huge influences and has changed dramaticly over the years.This company has blew my mind with great PR. I will contunue to watch this as this stock will jump With News. feel free to reply with your opinion.
A regulatory enforcement order against Sterling Savings Bank was lifted Monday after its efforts to shore up capital were successful.
The bank raised $730 million after issuing more than 4 billion shares of common stock in August. The sale was addressing an October 2009 cease and desist order by the Washington Department of Financial Institutions and Federal Deposit Insurance Corp. demanding the bank come up with a turnaround plan when losses from construction and development loans piled up.
The removal of the desist order, (pdf, 11 pages) an uncommon occurrence, signals the bank is maintaining adequate capital levels and has enough healthy assets to satisfy requirements given by its regulatory bodies.
“This regulatory recognition of our progress marks another important milestone in Sterling Savings Bank’s recovery efforts,” said the bank’s president and CEO, Greg Seibly in a statement.
Going forward, the bank said it anticipates maintaining a Tier 1 capital ratio above 8 percent, which surpasses the current “well-capitalized” standard for banks and the proposed Basel III global banking standards.
The Spokane-based bank is owned by Sterling Financial Corporation. It has $9.74 billion in assets and 178 depository branches throughout Washington, Oregon, Idaho, Montana and California, according to the bank.
Its stock rose by 3.43 percent to 60 cents Monday. Last year, the price hit a high of $2.98
Read more: Sterling Savings Bank improves fortunes - Puget Sound Business Journal (Seattle)
LightPath Technologies Announces Fourth Quarter and Fiscal 2010 Financial Results
Reports Positive Net Income on Increased Revenues and Gross Margin Improvements in the Fourth Quarter
.
Companies:LightPath Technologies Inc.Topics:Earnings.Related Quotes
Symbol Price Change
LPTH 3.42 0.00
{"s" : "lpth","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: LightPath Technologies, Inc. On Thursday September 16, 2010, 8:30 am
ORLANDO, Fla., Sept. 16 /PRNewswire-FirstCall/ -- LightPath Technologies, Inc. (Nasdaq:LPTH - News) (the "Company", "LightPath", or "we"), a global manufacturer, distributor and integrator of patented optical components and high-level assemblies, announced today its financial results for the fourth quarter and fiscal year ended June 30, 2010. Actual results were in line with the Company's preliminary results issued on August 25, 2010. Full details are available in the Company's Annual Report on Form 10-K filed today with the SEC at www.sec.gov.
Highlights:
•Net income for the fourth quarter of fiscal 2010 was approximately $92,000 compared to a loss of approximately $318,000 for the fourth quarter of fiscal 2009.
•Revenue for the fourth quarter of fiscal 2010 was $2.8 million compared to $1.6 million for the fourth quarter of fiscal 2009.
•Backlog scheduled to ship within the next 12 months was $2.9 million as of June 30, 2010, an increase of $600,000 from June 30, 2009.
•Gross margin was 51% for the fourth quarter of fiscal 2010 as compared to 33% for the fourth quarter of fiscal 2009.
•EBITDA for the fourth quarter of fiscal 2010 improved to income of $488,000 compared to a loss of $21,000 in the fourth quarter of fiscal 2009.
•Cash on hand as of June 30, 2010 was $1.5 million as compared to $580,000 on June 30, 2009.
•Unit shipment volume in precision molded optics was up 292% in the fourth quarter of fiscal 2010 compared to the same period last year.
Jim Gaynor, President and Chief Executive Officer of LightPath, commented, "I am pleased to report LightPath has continued its trend of positive net income in the fourth quarter of fiscal 2010. During the fourth quarter, our revenues rose 75% over the same quarter in the prior year, gross margin increased both from the third quarter to the fourth quarter and year-over-year to 51% and expenses remained relatively flat. Unit shipment volume in precision molded optics increased substantially by 292% in the fourth quarter of fiscal 2010 compared to the same period last year."
Gaynor continued, "One measure the Company uses to measure performance is EBITDA. EBITDA has improved from a loss of $21,000 in the fourth quarter of fiscal 2009 to income of $488,000 in the fourth quarter of fiscal 2010, a gain of $509,000. As we continue to grow our top-line and increase our unit volume, we anticipate better fixed cost utilization. A greater percentage of our revenues will drop to the bottom-line, delivering gross margin, EBITDA and net income improvements going forward."
"While the U.S. optics market showed signs of an economic rebound in fiscal 2010, Asia represents a significant new market for future growth. Our Shanghai-based facility has taken over 95% of our total production and has enabled us to make the transition into low-cost, high-volume production. While we continue to implement this new business strategy, we anticipate production levels to ramp up significantly at our Shanghai facility. Minimal capital expenditure would be required for future expansion, providing us the ability to meet growing demand for high-volume, low-cost lenses used in laser systems, laser tools, biomedical instrumentation, and telecommunications equipment, primarily produced by Original Equipment Manufacturers based in Asia," Gaynor added.
He concluded, "Overall, given the uncertain market conditions, our outlook for the future is positive but cautious over the short-term. Given the opportunities we see for LightPath in the low cost commercial markets and infrared markets, especially in Asia, we are very optimistic for our long-term business. Our efforts to penetrate high-volume, lower cost commercial markets in Asia show tremendous promise for the upcoming fiscal year. We are excited by the acceptance of the new products, such as our blue laser collimating lenses, which have shown quick market uptake and helped contribute to increased quote activity in recent weeks. We expect our upward growth trend to continue in fiscal 2011."
Financial Results for Three Months Ended June 30, 2010
Revenue for the fourth quarter of fiscal 2010 totaled $2.8 million compared to $1.6 million for the fourth quarter of fiscal 2009, an increase of 75%. The increase from the fourth quarter of fiscal 2009 was primarily attributable to higher sales volumes of precision molded optics, GRADIUM lenses and isolators. Our precision molded optics sales units were significantly higher as a result of our increased production capability and our pursuit of high volume low cost lens business. Our current cost structure has allowed us to sell product at lower prices while improving gross margins. Growth in sales going forward is expected to be derived primarily from the precision molded optics product line, particularly our low cost lenses being sold in Asia.
Our gross margin percentage in the fourth quarter of fiscal 2010 compared to the fourth quarter of fiscal 2009 increased to 51% from 33%. Total manufacturing cost of $1.4 million was approximately $310,000 higher in the fourth quarter of fiscal 2010 compared to the same period of the prior fiscal year. The manufacturing cost increase was a reflection of an increase in costs in order to support higher production and sales volumes. Unit shipment volume in precision molded optics was up 292% in the fourth fiscal quarter of 2010 compared to the same period last year. This resulted in better absorption of overhead costs which in turn resulted in improved fixed cost utilization and lowers our unit cost. Direct costs, which include material, labor and services increased to 26% of revenue in the fourth quarter of fiscal 2010, as compared to 23% of revenue in the fourth quarter of fiscal 2009 due to a product mix change. Gross margins improved as a result of the cost reduction programs we have implemented, better production yields and efficiencies and improved overhead absorption with the increased volume.
During the fourth quarter of fiscal 2010, total costs and expenses increased $465,000 to $1.2 million compared to $690,000 for the same period in fiscal 2009. Expenses in the fourth quarter of last year were $370,000 lower due to non recurring events resulting in reductions to general and administrative expenses; receipt of $183,000 from our D&O insurance carrier as a refund of legal expenses and receipt of $186,000 in excess cost reimbursement from the Chinese government related to the move of our manufacturing facility in Shanghai. Included in total costs and expenses for the fourth quarter of fiscal 2010 were $937,000 in selling, general and administrative expenses. As a result, total operating income for the fourth quarter of fiscal 2010 improved to $282,000 compared to a loss of ($159,000) for the same period in fiscal 2009.
Interest expense was approximately $193,000 in the fourth quarter of fiscal 2010 as compared to $163,000 in the fourth quarter of fiscal 2009. The convertible debentures issued in August 1, 2008 accounted for approximately $193,000 of interest during the quarter ended June 30, 2010. This includes periodic interest at 8% and amortization of the related debt issuance costs and debt discount, and write off of debt issue costs, prepaid interest and debt discount for debentures converted into shares of common stock during the fourth quarter of fiscal 2010.
Net income for the fourth quarter of fiscal 2010 was $92,000 or $0.01 per basic and diluted common share, compared with a net loss of ($318,000) or ($0.05) per basic and diluted per common share for the same period in fiscal 2009. This represents a $410,000 increase in net income compared to the fourth quarter of fiscal 2009. Weighted-average basic shares outstanding increased to 8,858,563 in the fourth quarter of fiscal 2010 compared to 6,691,966 in the fourth quarter in fiscal 2009 primarily due to the issuance of shares of common stock related to the private placements in the first and fourth quarter of fiscal 2010.
Financial Results for Year Ended June 30, 2010
Revenue for the fiscal year 2010 totaled $9.3 million compared to $7.5 million for fiscal year 2009, an increase of 24%. The increase from the prior fiscal year was primarily attributable to higher sales volumes for precision molded optics and GRADIUM lenses offset by lower sales for isolators and collimators. Our precision molded optics sales units were significantly higher but our average selling price was lower. This is the result of our pursuit of producing high volume low cost lenses. Our current cost structure has allowed us to sell product at lower prices while improving gross margins. Growth in sales going forward is expected to be derived primarily from the precision molded optics product line, particularly our low cost lenses being sold in Asia.
Our gross margin percentage in fiscal 2010 compared to fiscal 2009 increased to 47% from 27%. Total manufacturing cost of $4.9 million was $511,000 lower in fiscal 2010 compared to the prior fiscal year. This was due to lower production costs for labor and materials. Unit shipment volume in precision molded optics is up 176% in fiscal 2010 compared to last year. This resulted in better absorption of overhead costs which in turn resulted in improved fixed cost utilization and lower our unit cost. Direct costs, which include material, labor and services were 24% of revenue in fiscal 2010, as compared to 23% in the prior year. Gross margins improved as a result of the cost reduction programs we implemented and better production yields and efficiencies.
During fiscal 2010, total costs and expenses decreased $398,000 to $4.2 million compared to $4.6 million for fiscal 2009. Included in total costs and expenses for fiscal 2010 were $3.3 million in selling, general and administrative expenses, which decreased $377,000 or 10% from $3.6 million in the prior fiscal year. We had a reduction of $255,000 due to lower salaries and benefits, a $29,000 reduction of Director compensation, and decrease in legal costs of $262,000. We had higher investor relations expenses of $267,000 for our new radio and television campaign during fiscal 2010. During fiscal 2009 there were two non recurring events resulting in reductions to general and administrative expenses; receipt of $183,000 from our D&O insurance carrier as a refund of legal expenses and receipt of $186,000 in excess cost reimbursement from the Chinese government related to the move of our manufacturing facility in Shanghai. During fiscal 2010 there were some one-time events resulting in a net reduction of approximately $331,000 in general and administrative expenses; receipts of $556,000 on our D&O insurance as a refund for legal expenses, a litigation settlement, $76,000 reduction of legal expenses related to the reversal of accruals for litigation and reduction for reversal of royalty accrual of approximately $68,000.
Interest expense was approximately $728,000 for fiscal 2010 as compared to approximately $1,315,000 for fiscal 2009. Approximately $5,600 of the interest expense for fiscal 2010 is attributable to our equipment term loan and our capital equipment lease. The convertible debentures issued on August 1, 2008 accounted for approximately $722,000 and $1.3 million of interest during fiscal 2010 and 2009, respectively. This represents periodic interest of 8%, amortization and write-off of the related debt issuance costs and debt discount, for fiscal 2009 and value of common shares and warrants issued as incentive to participate in the December 2008 convertible debenture placement and to induce the conversion of the debentures to shares of common stock. On December 31, 2008, 25% of the debentures were converted into shares of common stock and $304,382 of debt discount and $121,255 of debt issue costs were written-off to interest expense in the second quarter of fiscal 2009. Included in these totals are related debt discount, debt issue costs and prepaid interest for $262,500 of debentures which were converted into common stock during fiscal 2010.
Net loss for fiscal 2010 was $561,000 or $0.07 per basic and diluted common share, compared with a net loss of $3.8 million or $0.62 per basic and diluted per common share for fiscal 2009. This represents a $3.3 million decrease in net loss compared to fiscal 2009. Weighted-average shares outstanding increased to 8,139,852 in fiscal 2010 compared to 6,167,827 in fiscal 2009 primarily due to the issuance of shares of common stock related to the private placement in the first and fourth quarters of fiscal 2010.
Cash and cash equivalents totaled $1.5 million at June 30, 2010. Total current assets and total assets at June 30, 2010 were $4.8 million and $7.5 million compared to $3.3 million and $5.8 million, respectively, at June 30, 2009. Total current liabilities and total liabilities at June 30, 2010 were $1.1 million and $3.2 million compared to $2.0 million and $4.1 million, respectively, for June 30, 2009. As a result, the current ratio as of June 30, 2010 improved to 4.41 to 1 compared to 1.59 to 1 as of June 30, 2009. Total stockholders' equity at June 30, 2010 totaled $4.2 million compared to $1.7 million at June 30, 2009.
As of June 30, 2010 our backlog of orders scheduled to ship in the next 12 months, was $2.9 million compared to $2.3 million as of June 30, 2009.
Investor Conference Call and Webcast Details:
LightPath will host an audio conference call and webcast on Thursday, September 16th at 4:00 p.m. EDT to discuss the Company's financial and operational performance for the fourth quarter of fiscal year 2010.
Conference Call Details
Date: Thursday, September 16, 2010
Time: 4:00 p.m. (EDT)
Dial-in Number: 1-877-407-8033
International Dial-in Number: 1-201-689-8033
It is recommended that participants dial-in approximately 5 to 10 minutes prior to the start of the 4:00 p.m. call. A transcript archive of the webcast will be available for viewing or download on the company web site shortly after the call is concluded.
About LightPath Technologies
LightPath manufactures optical products including precision molded aspheric optics, GRADIUM® glass products, proprietary collimator assemblies, laser components utilizing proprietary automation technology, higher-level assemblies and packing solutions. The Company's products are used in various markets, including industrial, medical, defense, test & measurement and telecommunications. LightPath has a strong patent portfolio that has been granted or licensed to it in these fields. For more information visit www.lightpath.com.
The discussions of our results as presented in this release include use of non-GAAP terms "EBITDA" and "gross margin." Gross margin is determined by deducting the cost of sales from operating revenue. Cost of sales includes manufacturing direct and indirect labor, materials, services, fixed costs for rent, utilities and depreciation, and variable overhead. Gross margin should not be considered an alternative to operating income or net income, which are determined in accordance with Generally Accepted Accounting Principles ("GAAP"). We believe that gross margin, although a non-GAAP financial measure is useful and meaningful to investors as a basis for making investment decisions. It provides investors with information that demonstrates our cost structure and provides funds for our total costs and expenses. We use gross margin in measuring the performance of our business and have historically analyzed and reported gross margin information publicly. Other companies may calculate gross margin in a different manner.
EBITDA is a non-GAAP financial measure used by management, lenders and certain investors as a supplemental measure in the evaluation of some aspects of a corporation's financial position and core operating performance. Investors sometimes use EBITDA as it allows for some level of comparability of profitability trends between those businesses differing as to capital structure and capital intensity by removing the impacts of depreciation, amortization and interest expense. EBITDA also does not include changes in major working capital items such as receivables, inventory and payables, which can also indicate a significant need for, or source of, cash. Since decisions regarding capital investment and financing and changes in working capital components can have a significant impact on cash flow, EBITDA is not a good indicator of a business's cash flows. We use EBITDA for evaluating the relative underlying performance of the Company's core operations and for planning purposes. We calculate EBITDA by adjusting net loss to exclude net interest expense, income tax expense or benefit, depreciation and amortization, thus the term "Earnings Before Interest, Taxes, Depreciation and Amortization" and the acronym "EBITDA."
This news release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding our ability to expand our presence in certain markets, future sales growth, continuing reductions in cash usage and implementation of new distribution channels. This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
LIGHTPATH TECHNOLOGIES, INC.
EBITDA
(Unaudited)
Three months ended
Year ended
June 30,
June 30,
2010
2009
2010
2009
Net Income (loss)
$ 91,686
$ (317,568)
$ (560,959)
$ (3,823,060)
Depreciation and amortization
203,249
133,483
700,475
565,988
Interest expense
193,488
162,942
727,937
1,336,520
EBITDA
$ 488,423
$ (21,143)
$ 867,453
$ (1,920,552)
Financial Comparison of Selected Profit and Loss Items As Reported
Compared to Excluded Items
(000's)
Q4 2009
Q1 2010
Q2 2010
Q3 2010
Q4 2010
As reported:
Revenue
1,590
1,557
2,226
2,660
2,807
Gross profit
530
888
1,269
1,409
1,370
%
33%
43%
43%
47%
51%
Total costs and expenses
690
1,196
754
1,048
1,155
Net income (loss)
(318)
(706)
42
12
92
EBITDA
(21)
(382)
363
397
488
Non recurring items **
(274)
132
(298)
(36)
126
Excluding non-recurring items:
Revenue
1,590
1,557
2,226
2,660
2,807
Gross profit
530
888
1,200
1,409
1,370
%
33%
57%
54%
53%
49%
Total costs and expenses
964
1,064
984
1,084
1,029
Net income (loss)
(592)
(574)
(256)
(24)
218
EBITDA excluding non recurring items
(295)
(250)
65
437
614
** Non-recurring items include: D&O insurance claim proceeds, legal expenses related to litigation settlement, business interruption payments for Shanghai plant move and other miscellaneous items.
LIGHTPATH TECHNOLOGIES, INC.
Consolidated Balance Sheets
June 30,
June 30,
Assets
2010
2009
Current assets:
Cash and cash equivalents
$
1,464,351
$
579,949
Trade accounts receivable, net of allowance of $22,930 and $26,131
1,804,063
973,634
Inventories, net
1,137,678
983,278
Other receivables
-
183,413
Prepaid interest expense
167,635
366,219
Prepaid expenses and other assets
223,908
173,882
Total current assets
4,797,635
3,260,375
Property and equipment - net
2,344,692
2,024,571
Intangible assets - net
134,001
166,869
Debt costs, net
151,530
299,080
Other assets
27,737
78,701
Total assets
$
7,455,595
$
5,829,596
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
$
511,523
$
1,376,599
Accrued liabilities
179,370
181,318
Accrued payroll and benefits
396,863
332,609
Note payable, current portion
-
152,758
Capital lease obligation, current portion
-
5,050
Total current liabilities
1,087,756
2,048,334
Deferred rent
569,286
644,056
8% convertible debentures to related parties, net of debt discount
213,890
175,255
8% convertible debentures, net of debt discount
1,339,975
1,270,725
Total liabilities
3,210,907
4,138,370
Stockholders’ equity:
Preferred stock: Series D, $.01 par value, voting;
5,000,000 shares authorized; none issued and outstanding
-
-
Common stock: Class A, $.01 par value, voting;
40,000,000 shares authorized; 8,971,638 and 6,696,992
shares issued and outstanding, respectively
89,716
66,970
Additional paid-in capital
206,277,806
203,151,364
Foreign currency translation adjustment
23,466
58,233
Accumulated deficit
(202,146,300)
(201,585,341)
Total stockholders’ equity
4,244,688
1,691,226
Total liabilities and stockholders’ equity
$
7,455,595
$
5,829,596
LIGHTPATH TECHNOLOGIES, INC.
Consolidated Statements of Operations
(Unaudited)
Three months ended
June 30,
(audited)
Twelve months ended
June 30,
2010
2009
2010
2009
Product sales, net
$ 2,806,773
$ 1,589,692
$ 9,250,621
$ 7,489,545
Cost of sales
1,369,525
1,059,235
4,935,755
5,446,518
Gross margin
1,437,248
530,457
4,314,866
2,043,027
Operating expenses:
Selling, general and administrative
937,129
480,838
3,259,551
3,636,093
New product development
219,159
200,821
869,440
887,400
Amortization of intangibles
8,217
8,217
32,868
32,868
Gain on sale of property and equipment
(9,138)
-
(9,138)
(5,244)
Total costs and expenses
1,155,367
689,876
4,152,721
4,551,117
Operating income (loss)
281,881
(159,419)
162,145
(2,508,090)
Other income (expense):
Interest expense
(57,919)
(48,281)
(210,002)
(254,622)
Interest expense - debt discount
(96,949)
(81,997)
(370,385)
(640,695)
Interest expense - debt costs
(38,620)
(32,664)
(147,550)
(225,228)
Interest expense - warrants to induce conversion
-
-
-
(215,975)
Investment and other income
3,293
4,793
4,833
21,550
Total other expense, net
(190,195)
(158,149)
(723,104)
(1,314,970)
Net income (loss)
$ 91,686
$ (317,568)
$ (560,959)
$ (3,823,060)
Income (Loss) per common share (basic)
$ 0.01
$ (0.05)
$ (0.07)
$ (0.62)
Number of shares used in per share calculation
8,858,563
6,691,966
8,139,852
6,167,827
LIGHTPATH TECHNOLOGIES, INC.
Consolidated Statements of Cash Flows
Year ended
June 30,
2010
2009
Cash flows from operating activities
Net loss
$ (560,959)
$ (3,823,060)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
700,475
565,988
Interest from amortization of debt discount
370,385
640,695
Fair value of warrants issued to induce debenture conversion
-
215,975
Interest from amortization of debt costs
147,550
255,228
Issuance of common stock for interest on convertible debentures
-
97,633
Common stock issued for legal settlement
50,000
-
Gain on sale of property and equipment
(9,138)
(5,244)
Stock based compensation
160,416
156,267
Change in provision for doubtful accounts receivable
(3,201)
(18,731)
Deferred rent
(74,770)
421,238
Common stock issued for payment of consulting services
150,000
61,799
Changes in operating assets and liabilities:
Trade accounts receivables
(827,228)
379,953
Other receivables
183,413
(183,413)
Inventories
(154,400)
340,277
Prepaid expenses and other assets
199,522
81,125
Accounts payable and accrued liabilities
(802,770)
(653,683)
Net cash used in operating activities
(470,705)
(1,467,953)
Cash flows from investing activities
Purchase of property and equipment
(987,728)
(563,764)
Proceeds from sale of equipment
9,138
37,791
Net cash used in investing activities
(978,590)
(525,973)
Cash flows from financing activities
Proceeds from exercise of stock options
8,393
-
Proceeds from sale of common stock, net of costs
2,371,688
-
Proceeds from sale of common stock from employee stock purchase plan
6,857
14,220
Borrowings on 8% convertible debenture, net of issuance costs
-
2,568,749
Exercise of warrants
139,334
-
Payments on secured note payable
-
(260,828)
Payments on capital lease obligation
(5,050)
(18,603)
Payments on note payable
(152,758)
(124,984)
Net cash provided by financing activities
2,368,464
2,178,554
Effect of exchange rate on cash and cash equivalents
(34,767)
36,864
Increase in cash and cash equivalents
884,402
221,492
Cash and cash equivalents, beginning of period
579,949
358,457
Cash and cash equivalents, end of period
$ 1,464,351
$ 579,949
Supplemental disclosure of cash flow information:
Interest paid in cash
$ 3,477
$ 34,817
Income taxes paid
5,940
9,753
Supplemental disclosure of non-cash investing & financing activities:
Convertible debentures converted into common stock
262,500
732,250
Prepaid interest through the issuance of common stock
-
453,993
Fair value of warrants issued to broker of debt financing
-
194,057
Fair value of warrants and incentive shares issued to debenture holders
-
790,830
Intrinsic value of beneficial conversion feature underlying convertible debentures
-
600,635
LIGHTPATH TECHNOLOGIES, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Years ended June 30, 2009 and 2010
Foreign
Class A
Additional
Currency
Total
Common Stock
Paid-in
Translation
Accumulated
Stockholders’
Shares
Amount
Capital
Adjustment
Deficit
Equity
Balances at June 30, 2008
5,331,664
$ 53,317
$ 199,847,356
$ 21,369
$ (197,762,281)
$ 2,159,761
Issuance of common stock for:
Current interest on convertible debentures
103,971
1,040
96,593
-
-
97,633
Incentive to participate in convertible debenture placement, recorded as debt discount
73,228
732
74,399
-
-
75,131
Prepayment of future interest on convertible debentures
589,614
5,896
448,099
-
-
453,995
Conversion of 25% of debentures
475,496
4,755
727,495
-
-
732,250
Payment on consulting service arrangements
74,839
748
61,051
-
-
61,799
Vested restricted stock units
33,400
334
(334)
-
-
-
Employee Stock Purchase Plan
14,780
148
14,072
-
-
14,220
Issuance of warrants to private placement agent
-
-
recorded as debt costs
-
-
194,057
-
-
194,057
on convertible debentures
-
-
1,316,334
-
-
1,316,334
to convert debentures
-
-
215,975
-
-
215,975
and restricted stock units
-
-
156,267
-
-
156,267
Foreign currency translation adjustment
36,864
36,864
Net loss
-
-
-
-
(3,823,060)
(3,823,060)
Comprehensive loss
(3,786,196)
Balance at June 30, 2009
6,696,992
$ 66,970
$ 203,151,364
$ 58,233
$ (201,585,341)
$ 1,691,226
Issuance of common stock for:
Employee Stock Purchase Plan
8,910
89
6,768
-
-
6,857
Vested restricted stock units
20,000
200
(200)
-
-
-
Exercise of employee stock options
7,993
80
8,313
-
-
8,393
Conversion of debentures
170,455
1,705
260,795
-
-
262,500
Cashless exercise of warrants
63,622
636
(636)
-
-
-
Exercise of warrants
101,209
1,012
138,322
-
-
139,334
Settlement of litigation
26,455
265
49,735
-
-
50,000
Consulting services
69,445
694
149,306
-
-
150,000
Stock based compensation on stock
-
options and restricted stock units
-
-
160,416
-
-
160,416
Sale of common stock and warrants, net
1,806,557
18,065
2,353,623
-
-
2,371,688
Foreign currency translation adjustment
-
-
-
(34,767)
-
(34,767)
Net loss
-
-
-
-
(560,959)
(560,959)
Comprehensive loss
(595,726)
Balance at June 30, 2010
8,971,638
$ 89,716
$ 206,277,806
$ 23,466
$ (202,146,300)
$ 4,244,688
Contacts:
LightPath Technologies, Inc.
Jim Gaynor
President & CEO
or
Dorothy Cipolla
CFO
+1 (407) 382-4003
dcipolla@lightpath.com
WPNV looks like a very speculative play imo. the bollinger bands are tightening. could show a tight trend at around .18 to .25, SAR lowering from .32 PD to .30 current. so we may get a reversal play setting this play extremely bullish. 5 SMA (.198) has a bullish curve towards 20 SMA (.222). looks like in the long term we may have another month or so for 20 SMA to cross 50 SMA (.3254), actual historical Volatility is showing an increased amount. MAC-D divergence shown increase. MAC-D trading above EMA (9) at -.033 to (signal) -.042, Mac-d is considered bearish but has a bullish seperation. Ithink WPNV is a confirmed spec. and think a force play may build in the near future. IPO blackout period has ended finding trading ranges from .09 to .28.
http://www.profitspi.com/stock-chart.aspx?id=WPNV&ca=571845014
http://www.profitspi.com/stock-chart.aspx?id=WPNV&ca=593826289
WPNV looks like a very speculative play imo. the bollinger bands are tightening. could show a tight trend at around .18 to .25, SAR lowering from .32 PD to .30 current. so we may get a reversal play setting this play extremely bullish. 5 SMA (.198) has a bullish curve towards 20 SMA (.222). looks like in the long term we may have another month or so for 20 SMA to cross 50 SMA (.3254), actual historical Volatility is showing an increased amount. MAC-D divergence shown increase. MAC-D trading above EMA (9) at -.033 to (signal) -.042, Mac-d is considered bearish but has a bullish seperation. Ithink WPNV is a confirmed spec. and think a force play may build in the near future. IPO blackout period has ended finding trading ranges from .09 to .28.
http://www.profitspi.com/stock-chart.aspx?id=WPNV&ca=571845014
http://www.profitspi.com/stock-chart.aspx?id=WPNV&ca=593826289
WindPower Innovations, Inc. (Pink Sheets: WPNV )
is a wind power infrastructure and smart grid solutions company that is continually working on new innovations for wind turbines, wind energy generation and transmission, in addition to the comprehensive maintenance, repair and remanufacture of existing equipment.
Key developments for WINDPOWER INNOVATIONS INC (WPNV)
WindPower Innovations, Inc expected to report Q3 2010 results on September 2, 2010. This event was calculated by Capital IQ (Created on August 27, 2010).
WindPower Reaches Agreement with Barnhart Renewables
08/27/2010
WindPower Innovations Inc. has reached an agreement with Barnhart Renewables, a division of Barnhart Crane & Rigging Co.
WindPower Innovations, Inc Announces Permanent Magnet Generator Wind Turbine Solutions
08/11/2010
WindPower Innovations Inc. announced Permanent Magnet Direct Drive wind turbine solutions as a key component in its overall mission to provide unique and efficient ways for the wind industry to economically transition into its eminent future. It's a smart technology that can sense variable load demands and automatically adjust power output. By eliminating gearbox maintenance and most importantly, failure, all of its nearly 100 permanent magnet solutions provide increased up-time with 75% less upkeep and repair. The Permanent Magnet Generator and corresponding grid-tie inverter is able to produce a constant 60HZ AC power over a wider band of operation (from 20% to 125% of rated power) than traditional generators, which only have one or two power synchronization peaks (+/- 5%) that can produce the 60HZ AC required by the grid.
WPNV....Stock looks to have found a support level to build a base. Had a strong move to the upside on a descent volume spike. MACD has crossed to the upside and the RSI is also about to break through the pivot to the upside. Both are bullish signals. Lots of room for a rally. After the stock gets through $0.30 their doesn't appear to be any resistance. Keep in mind this stock has a 52 week high of $3.00! Even a 50% retracement from Friday's close makes this a potential huge winner. The light trading volume could have this one moving sooner than later. Definitely one to keep a close eye on.
For more detailed info. please visit: www.windpowerinnovationsinc.com
Videos for facts about wind energy http://environment.nationalgeographic.com/environment/global-warming/wind-power-profile/
WindPower Innovations, Inc. (Pink Sheets: WPNV )
is a wind power infrastructure and smart grid solutions company that is continually working on new innovations for wind turbines, wind energy generation and transmission, in addition to the comprehensive maintenance, repair and remanufacture of existing equipment.
Key developments for WINDPOWER INNOVATIONS INC (WPNV)
WindPower Innovations, Inc expected to report Q3 2010 results on September 2, 2010. This event was calculated by Capital IQ (Created on August 27, 2010).
WindPower Reaches Agreement with Barnhart Renewables
08/27/2010
WindPower Innovations Inc. has reached an agreement with Barnhart Renewables, a division of Barnhart Crane & Rigging Co.
WindPower Innovations, Inc Announces Permanent Magnet Generator Wind Turbine Solutions
08/11/2010
WindPower Innovations Inc. announced Permanent Magnet Direct Drive wind turbine solutions as a key component in its overall mission to provide unique and efficient ways for the wind industry to economically transition into its eminent future. It's a smart technology that can sense variable load demands and automatically adjust power output. By eliminating gearbox maintenance and most importantly, failure, all of its nearly 100 permanent magnet solutions provide increased up-time with 75% less upkeep and repair. The Permanent Magnet Generator and corresponding grid-tie inverter is able to produce a constant 60HZ AC power over a wider band of operation (from 20% to 125% of rated power) than traditional generators, which only have one or two power synchronization peaks (+/- 5%) that can produce the 60HZ AC required by the grid.
WPNV....Stock looks to have found a support level to build a base. Had a strong move to the upside on a descent volume spike. MACD has crossed to the upside and the RSI is also about to break through the pivot to the upside. Both are bullish signals. Lots of room for a rally. After the stock gets through $0.30 their doesn't appear to be any resistance. Keep in mind this stock has a 52 week high of $3.00! Even a 50% retracement from Friday's close makes this a potential huge winner. The light trading volume could have this one moving sooner than later. Definitely one to keep a close eye on.
For more detailed info. please visit: www.windpowerinnovationsinc.com
Videos for facts about wind energy http://environment.nationalgeographic.com/environment/global-warming/wind-power-profile/
WindPower Innovations, Inc. (Pink Sheets: WPNV )
is a wind power infrastructure and smart grid solutions company that is continually working on new innovations for wind turbines, wind energy generation and transmission, in addition to the comprehensive maintenance, repair and remanufacture of existing equipment.
Key developments for WINDPOWER INNOVATIONS INC (WPNV)
WindPower Innovations, Inc expected to report Q3 2010 results on September 2, 2010. This event was calculated by Capital IQ (Created on August 27, 2010).
WindPower Reaches Agreement with Barnhart Renewables
08/27/2010
WindPower Innovations Inc. has reached an agreement with Barnhart Renewables, a division of Barnhart Crane & Rigging Co.
WindPower Innovations, Inc Announces Permanent Magnet Generator Wind Turbine Solutions
08/11/2010
WindPower Innovations Inc. announced Permanent Magnet Direct Drive wind turbine solutions as a key component in its overall mission to provide unique and efficient ways for the wind industry to economically transition into its eminent future. It's a smart technology that can sense variable load demands and automatically adjust power output. By eliminating gearbox maintenance and most importantly, failure, all of its nearly 100 permanent magnet solutions provide increased up-time with 75% less upkeep and repair. The Permanent Magnet Generator and corresponding grid-tie inverter is able to produce a constant 60HZ AC power over a wider band of operation (from 20% to 125% of rated power) than traditional generators, which only have one or two power synchronization peaks (+/- 5%) that can produce the 60HZ AC required by the grid.
WPNV....Stock looks to have found a support level to build a base. Had a strong move to the upside on a descent volume spike. MACD has crossed to the upside and the RSI is also about to break through the pivot to the upside. Both are bullish signals. Lots of room for a rally. After the stock gets through $0.30 their doesn't appear to be any resistance. Keep in mind this stock has a 52 week high of $3.00! Even a 50% retracement from Friday's close makes this a potential huge winner. The light trading volume could have this one moving sooner than later. Definitely one to keep a close eye on.
For more detailed info. please visit: www.windpowerinnovationsinc.com
Videos for facts about wind energy http://environment.nationalgeographic.com/environment/global-warming/wind-power-profile/
i entered this at .031 and thought that was a great price but as im watching this most people are selling at the hype while others are in for the long haul if ANYONE wants to make money grab between your legs and lets ride this baby into penny land and if you keep selling for a loss THANK YOU for letting me get my hands on more shares Greatly appreciated.
Press Release Source: EQ Labs, Inc. On Thursday February 11, 2010, 4:23 pm EST
LAS VEGAS, Feb. 11 /PRNewswire-FirstCall/ -- EQ Labs, Inc. (Pink Sheets: EQLB) a manufacturer and distributor of the EQ Smart Energy Drink®  effervescent tablets, announced today that it has entered into a distribution agreement with Liberty Distribution Company, LLC (http://www.libertydistribution.com/), located in Chandler, Arizona.  With a customer base consisting of over 30,000 retail outlets, Liberty specializes in the distribution of candy, snacks and other impulse items to retailers who do not traditionally offer food products. These include the nation's largest retail chains in the areas of electronics, home improvements, sporting goods, auto supply, pet supplies, and department stores that (combined) serve millions of customers each day.
"The Company feels very fortunate to have entered into this agreement with Liberty. Their success and reputation in these markets will help us achieve our distribution objectives," stated Maurice Owens, the CEO of EQ Labs, Inc. "We'll now be able to substantially broaden our sales activities and meet our revenue goals as we work with Liberty to introduce our products into their network of leading retailers here in the U.S. and Mexico. We're very excited to have our products introduced into these new distribution channels," Owens stated.
LAS VEGAS, NV--(Marketwire - 02/10/10) - Truesport Alliances & Entertainment, Ltd. (OTC.BB:SEWE - News) will integrate business in Wisconsin, the 43th state to sanction mixed martial arts (MMA).
"As MMA becomes more widely accepted, Truesport Alliances & Entertainment, Ltd. will continue to support the MMA community by providing the highest quality equipment and event logistic staff. With the new bill signed in Wisconsin to sanction MMA activity, Truesport Alliances & Entertainment looks forward to integrating our company into a new market," said Eddie Wenrick, CEO of Truesport Alliances & Entertainment, Ltd.
Wisconsin is now the 43rd state to sanction MMA since the bill was first introduced in September 2009. Gov. Jim Doyle signed into law a bill to regulate the sport with the state's Department of Regulation and Licensing to govern the fights.
With the MMA culture quickly becoming a standard in sports excellence, Truesport Alliances & Entertainment, Ltd. offers a full complement of manufactured MMA training and event equipment as well as the TapouT Training Centers, an exclusive branded fitness facility.
Truesport Alliances & Entertainment, Ltd. has cultivated an unparalleled client base consisting of the top MMA brands, including TapouT, the premier mixed-martial arts apparel, gear and lifestyle brand.
For more information about Truesport Alliances & Entertainment, Ltd., visit http://www.tapouttc.com/.
About Truesport Alliances & Entertainment, Ltd.
Truesport Alliances & Entertainment, Ltd. is the premier logistic marketer of branded concepts and equipment, partnering with the mixed martial arts (MMA) industry leaders. Embedded with the explosive growth MMA sport, the company's current clientele base includes the industry's top brands such as UFC, TapouT, Strikeforce and Gold's Gym. Visit the Truesport Alliances, Ltd. website at http://www.truesportltd.com/.
TCHH sitting on great support at the 20 and 50 day moving avg. strong support check it out======> http://stockcharts.com/h-sc/ui?s=TCHH&p=D&b=5&g=0&id=p25822241884
Nuvilex, Inc. (Nuvilex), formerly eFoodSafety.com, Inc., is a holding company operating through its wholly-owned subsidiaries and is dedicated in bringing to market products designed to improve the health and well-being. Nuvilex manufactures Cinnergen, Cinnechol, Infinitink and Talysn. Nuvilex markets its products both directly and through wholesale and retail distribution partners. It is also engaged in the research and development of Oraphyte, a non-toxic, biodegradable nematocide for use on turfgrass and crops, as well as Citroxin, a multi-use germicidal composition with anti-viral properties. The Company engages seven full or part-time researchers. In July 2009, the Company commenced marketing its Last Shot Hangover Remedy product.
CHECK OUT THE COMPANY WEBSITE======>www.nuvilex.com/
LAS VEGAS, NV--(Marketwire - 02/02/10) - Truesport Alliances & Entertainment, Ltd.'s (OTC.BB:SEWE - News) TapouT R&D Training Center is hosting Mark Coleman in preparation for UFC 109: Relentless on February 6th, 2010 in Las Vegas, NV.
Truesport Alliances & Entertainment, Ltd.'s TapouT R&D Training Center was seen during the "Countdown to UFC 109" on Spike TV featuring Mark Coleman. Coleman, who's been training for the upcoming bout against Randy "The Natural" Couture, filmed the segment featured on Spike TV at Truesport Alliances & Entertainment, Ltd.'s TapouT R&D Training Center in Las Vegas, NV.
Truesport Alliances & Entertainment, Ltd.'s TapouT R&D Training Center is the world's first fully functional MMA facility dedicated to testing MMA specific equipment and training methods. Built by a brand that has become synonymous with the attitude and prominence of mixed martial arts, TapouT's distinctive, authentic logo graces everything from clothing to equipment.
"Truesport Alliances & Entertainment, Ltd.'s TapouT R&D Training Center has been the choice of many professional MMA fighters and trainers. By offering the most elite trainers and state-of-the-art equipment, the TapouT R&D Training Center is ideal for professional fighters and the general public who have interest in a dynamic workout," said Eddie Wenrick, CEO of Truesport Alliances & Entertainment, Ltd.
LAS VEGAS, NV--(Marketwire - 02/01/10) - Truesport Alliances & Entertainment, Ltd.'s (OTC.BB:SEWE - News) TapouT Training Center has teamed up with Dollamur/Swain Sports Surfaces, a world leader in athletic sport surfaces.
"Truesport Alliances & Entertainment, Ltd.'s TapouT Training Centers provide athletes the highest quality experience and therefore offer the best quality equipment that the industry has to offer. Dollamur/Swain Sports Surfaces is one of the leading mat companies in the world and we are proud to offer their equipment in each and every TapouT Training Center across the country," said Eddie Wenrick, CEO of Truesport Alliances & Entertainment, Ltd.
Endorsed by MMA leaders such as Dan Henderson, "Big John" McCarthy and Team Fedor, Dollamur-Swain is the premier leader in American-made martial arts mats. Truesport Alliances & Entertainment, Ltd.'s TapouT Training Centers will offer the incredibly versatile and dynamic surfaces in each TapouT Training Center for all forms of mixed martial arts.
Designed for everyone at all fitness levels, Truesport Alliances & Entertainment, Ltd.'s TapouT Training Centers are predominately class based training facilities with full schedules that feature a variety of MMA themed classes. In addition to a broad spectrum of martial arts instruction, the majority of the cardio/fitness classes are non-contact.
For more information and locations for Truesport Alliances & Entertainment, Ltd.'s TapouT Training Centers, visit www.tapouttc.com.
By building an unprecedented portfolio of products and services for the MMA community, Truesport Alliances & Entertainment, Ltd. looks to dominate within the fastest growing mainstream sport in the United States.
About Truesport Alliances & Entertainment, Ltd.
NEWPORT BEACH, Calif., Jan. 28, 2010 (GLOBE NEWSWIRE) -- Celect.org™ an Optimum Interactive (USA) Ltd. Company (Pink Sheets:OPTL - News), a leading provider of web-based organizational network and SaaS business tools and services for organizations online, announced the launch of its strategic sales and marketing initiative for its patent pending, one-click, one-system solution for faith-based organizations, ideal for churches, denomination head offices and para-church ministries.
“Without exaggeration, I believe this technology will revolutionize communication between all church communities, whether that is between denominations and churches, or individual members of a congregation,” said Larry N. Willard, President of Faith Family Books and Castle Quay Books in Toronto, Canada. “By providing a professional looking site that anyone can build and manage, the Celect.org platform eliminates the costly need for ministries to rely on specialized web masters and complex programming languages to maintain their church websites.” Celect has begun signing contracts with leader churches and organizations throughout Canada.
“This patent-pending system and suite of business tools is specifically designed to transform the way membership organizations build constituent participation, raise capital and control their operations,” said Tony Roth, CEO of Optimum Interactive. “Until now, there has been no single solution that allows organizations to manage their member data, e-commerce and communications successfully without spending a ton of money and hiring dedicated IT help. We expect to contract over 500 faith-based clients throughout North America in 2010 resulting in first year incremental revenue of over $1.2 million.”
The Celect.org™ five services and suite of tools includes:
Celectdata™ provides a web based interface for member data management.
Celectpay™ enables organizations to accept credit and debit cards on their websites.
Celectfinance™ provides turn-key invoicing and collection capabilities with online reporting systems.
Celectgrow™ provides advanced member prospecting, lead generation and two-way communication and tracking tools.
Celectpartner™ makes fundraising simple by connecting users with trusted partners that provide relevant products and services.
John Jacob
Executive Vice President of Sales - White Door
John Jacob has joined the Company as head of Sales and Marketing for the Company's subsidiary, White Door, Inc. Mr. Jacob brings more than 27 years of high tech international sales, consulting, and business development experience specifically focused in communications and internet security solutions. In 2006, John was brought into Verisign to run the world-wide channels and business development team. Under his leadership, the team experienced extraordinary growth in revenue to over $250 million/year and reduced operating expenses in the unit by more than 60%. Additionally, Mr. Jacob spent more than 14 years at EDS where, in his final five years, he was responsible for leading the global base realignment and closure (BRAC) initiative for the Secretary of Defense resulting in 33 global base closures across all federal agencies including intelligence, DoD, and Civilian which include large scale technology consolidation, integration and relocation.
i couldnt agree with you more this chart looks GREAT!
6/02/10 7:30 pm
In a natural disaster situation such as Katrina, or as a result of a terrorist event, power is always an issue. The longer the power remains off, the more catastrophic the event becomes. Even portable power provided by diesel or gasoline generators becomes problematic as fuels stored in underground tanks cannot be pumped out of the ground. If all communications are dependent upon generators to provide power, you must assume you will lose some degree of command and control as a mission gets extended without power. Without command and control, safety is jeopardized, confusion is constant and assets go un-utilized.
Using non-traditional power and some basic pre-planning, a “minimum mission critical communication profile” can be developed and deployed that will ensure communications in the absolute worst of scenarios.
Critical Solutions Inc, (through its solely owned subsidiary White Door, Inc) uses alternative power sources to power third party communication and security devices. Critical International uses three alternative power sources: solar panels, wind turbines and hydrogen fuel cells. Each power source is designed to be integrated to provide maximum power when available. Hydrogen cells are used as a support system in the event that the system demands additional power or the solar panels and wind turbines cannot handle the necessary load. Based on the load sustainability calculations, Critical International designs systems to power mission critical applications 24/7/365.
i cant say enough about this.Coming off a high volume day chart looks great sitting on support im about to load up and set position.MAC D and RSI spiking up graciously. G L to everyone and happy trading hope you load up before its too late!.
could be a nice one check it out
JUNP looking good RSI bullish,Sitting on the support ,Mac-d over signal with NEWS!,This looks like it going to have a great day this is excatly what i like to see.Everything looks great on this theres no reason it wont move today : ).I hope everyone takes there time to check this one out before the market opens for a quick gain. G L to everyone and happy trading.