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Post of the whole PR issued today:
Grem USA -- A Manufacturer of One of the Finest American Hand-Crafted Guitars, Is Now Ramping Up Their Production
Grem USA (OTCBB: GRUS) Edward Miers, President and CEO, announced today that Grem USA's 42,000 sq. ft. manufacturing facility, located in Fort Wayne, Indiana, will be fully operational by mid-May 2007.
http://www.gremusa.com/News.htm
Going forward, Grem USA will be adding an additional 15 to 20 employees, which will enable the company to double their present production level.
Miers is anticipating that within the next quarter, Grem USA will be in a break even and/or positive cash flow position.
The company is currently exploring several other non-music related projects that should greatly enhance shareholder value.
About Grem USA
Grem USA is a development stage company focusing on design and manufacturing of custom hand-crafted and mass-produced electric guitars.
This press release contains certain "forward-looking" statements as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements which are not historical facts, are forward-looking public statements concerning its expected future operations, performance and other developments. such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties. there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to the Company's ability to consummate and complete operations, the Company's access to future capital, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company's public announcements. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of any offer to buy securities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Grem USA
Edward Miers
260-456-2354
Website: www.gremusa.com
looks like they are playing with everyone again. closed at HOD .009
nobody knows when the MR is forthcoming this month....nothing exact anyway. Guess we wait.
I don't think the investment community has really taken notice of the 10k filed on MOnday for the year end numbers.
"Revenues for the year ended December 31, 2006 of $4,528,533 increased $1,193,002 or 35.5% from the year ended December 30, 2005. "
<--- this is continued good news, of which they released no numbers to the press about as of yet.
The net (loss) for DDSI increased 10% or $(400,860) for the year ended December 31, 2006 to $(4,349,881) from $(3,949,021) for the year ended December 31, 2005. This was primarily due to the change in accounting procedures in which convertible debentures are treated as derivatives according to the guidance of SFAS133 and EITF00.
Net cash provided by (used in) operating activities for the year ended December 31, 2006 and 2005 was $129,511 and ($623,204), respectively. The increase in cash provided by operating activities in the year ended December 31, 2006 of $752,715 was due in part to less expenditures for infrastructure necessary after the purchase of CGM Applied Security Technology, Inc. in March 2005.
Net cash (used in) investing activities was $(20,603) and $(1,629,630) for the years ended December 31, 2006 and 2005, respectively.
the increase in share count is due to a grant of 3,000,000,000 RESTRICTED shares to Ed Miers. The overall float of shares that aren't restricted or beneficially owned is only just over 100mln.
it wasn't PR'd. just posted on the website as information.
this will stay at this level IMO until financials are released and then it will move up on good news, a new web presence, and hopefully profitability.
GLTA.
the speculation is on details from the first contract signed with Trimark, or in hopes of other contracts that have been signed for CNES. Spigno in the past has mentioned several other opportunities opening up for the company, and the hopes that he could announce them in the near future as he put it.
So...anybody's guess what's in there really until it's posted. But most of the longs are hopeful of great contract news. This has been under accumulation for sometime now...
GLTA...
the speculation is on details from the first contract signed with Trimark, or in hopes of other contracts that have been signed for CNES. Spigno in the past has mentioned several other opportunities opening up for the company, and the hopes that he could announce them in the near future as he put it.
So...anybody's guess what's in there really until it's posted. But most of the longs are hopeful of great contract news. This has been under accumulation for sometime now...
GLTA...
waiting for the supplemental release to the MR this month, and probably a PR about whatever is in the MR supplement tomorrow AM I would guess.
GLTA
it's true. look at their history, and their past PR's.
Increasing revenue leads to profits...been here a long time with them, and I'm not going anywhere until we move up.
GLTA
this company hardly ever says anything...other than quarterly and yearly results. it's their policy to keep their clients privacy and their methods of protection secret.
around...just waiting for this to happen. The MR promised a supplemental addition next Tuesday I think it is. So everyone I believe is curious about that and what it might contain.
GLTA
Producing PR's is not something that makes a company legit. You only have to look at all the stocks halted last week from trading to know that.
This company has historically let the quarterly and yearly report speak for them as to what kind of company they are. The complete SEC filing, and strong growth is what makes them a legit company. I've talked to them many times and they have put this company on the right track, regardless of whether they r/s the stock to bring up the price and attract investor attention.
GLTA
*All posts are my opinion following DD.
you can tell because it was bought at the Ask and not on the Bid.
the release on otcbb.com does not show the word advertisement. thanks for chiming in though. I believe that is exactly what it is.
GLTA
it doesn't read like a PR they wrote. The pronouns are wrong throughout the story. Shupin or Pelligrino would use words like 'our' client base instead of 'that' client base, and so on and so forth. It reads like it was written by a third party, not them.
I disagree as well, they always post to their website PR's and whatnot, generally before they hit the wires.
GLTA
no worries, just don't want everyone thinking it's been halted. and yes, I'm in the other stock you mentioned. Been there a long time. Good things are coming from them I think. GLTY
get what over with? trade again? it hasn't been halted.
Facts:
All 10q's have been filed over '05/'06 -- links to the SEC filings are here:
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=DDSI&filenum=&State=&SIC=&o...
*ALL* Pr's from DDSI from the past are available at www.otcbb.com ; type in the ticker symbol DDSI and you will see. You can see results, and any statements the company has made about their future or have NOT made as the case may be.
Everybody should do their own DD before investing.
GLTA...
ALL of the past PR's for DDSI are listed on OTCBB.com. NONE of them say what you claim. I read them all. Stop lying to this board. You are now on ignore.
don't make claims you can't back up with fact is what I'm saying, and I think I made my point. If you could, you would post that information here. Since you can't, your answer is go find it yourself. You made the claim, not me.
All I am asking is if you make claims, back them up. The things I said/pointed out are in SEC filings.
GLTA
then find me the links. you say they exist, all I'm asking for is proof. Since I have been a shareholder in this company since early 2006...they don't PR hardly anything, except for quarterly results. Since I have invested here, I know they have said 4th qtr '06/1st qtr '07.
and how do you think you reach profitability? By increasing revenues - that's how. Increased revenue and reduced costs eventually leads to making a profit.
GLTA - Have a great night.
all of the PR's from DDSI now ASVN are still on their website. ddsi-cpc.com. They have not made those claims as early as you say.
They went from revenues of $412k in '04 to over $3MILLION in '05, and revenues have been increasing year over year for '06. We are waiting for their End of Year numbers. They are fully reporting with the SEC, and have not given any guidance or targets as to sales.
GLTA -- do DD before investing and listening to random posters on the board.
Those numbers, and increasing revenue are FACT, backed up by AUDITED financials, and filed with the SEC.
I invest, and my opinions are just that, MY opinions.
I have not seen them make those timeframe claims anywhere, not on their website either. Can you please link me to those claims?
Thanks.
I have read all the pertinent filings. the continued growth in revenue from CGM will make it possible. and I don't recall ever seeing a PR 2nd Qtr '06 claiming anything. They have always aimed towards the target of the end of 2006...and I don't believe we've seen year end financials yet. the company has focused on the name/stock change until now.
We shall see.
share size trade is low because of the small amount of O/S's. only 20.5 mln as of 2/28. Not to mention the company, according to past word from the company should become profitable very soon, as well as a new web presence.
nope, the bid dropped to 1 though.
ask is @ 3 so yes, I would say you are seeing buys.
good luck getting any at 2...or 3 for that matter. :-P
thoughts as to how long this game is going to go on with the MM's?
no worries...everyone is just waiting I think. time for this to let go soon.
I think everyone is just watching the accumulation and waiting for this to move...
that information is in a filing, not a PR. They will PR both when they are ready to announce IMO. The info about hiring Trimark was not a PR from CNES.
any major commercial customer is going to end up giving a sizeable contract to CNES. how can you service a major customer and not make something significant?
Money wise is not most important right now anyway...it's the gaining of the first contract with a large or any customer for that matter. It shows CNES is on the way.........
well, you're on the eve of this company announcing their first contract, supposedly a MAJOR customer which could lead to more business, and huge revenues. I would not get rid of it anytime soon. not at these prices. JMO
the 2 is more likely a last ditch effort to get cheap shares before this starts to move. IMO we will see volume tomorrow, movement Friday...new either Friday or next week sometime. JMO though
they said 'shortly' I think is how they put it. whenever the negotiations are finished...