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Good stuff..
LOL...
YUP....3 year shows cup n handle...lid at .0084 ..same as the trend line....that is the ticket....neds to pass .0084..
Yeah...yeah....
Yeah...yeah....
HRID... .129
HRID... .129
RLD... $11.55..
HRID... .11..
Your right...large volume already...I want to see .036 break and hold....resistance lid...
LLTP.. .06 X .068
SATM.. .35 X .36...volume pouring in now..
HRID...bid higher than ask now...10 X .098
HRID... .093...
RLD... .$11.45
NTWK... .73 X .74..from .49 alert...
GLEC... .14 X .15...
I know some little birdies...most of them fell out of trees and broke their beaks...and a couple have actualy crapped on my shoulder...LOL....
HRID... .082 premarket..
RLD...$11.23 premarket..
So the answer would be wishful thinking...
Good Morning...Enjoy and have a great day....
can you show me where on that chart you see a 10 bagger...or is it wishful thinking..
Buy DANG and RENN...and maybe you will have some at a future discount.....LOL..
NTWK... .68.. first alert @ .49...News..was looking for a break of .72 yesterday..maybe we will get it today...we are headed for a $ if it breaks...imo..maybe not today but it will come soon...
NetSol Technologies Reports 38% Sequential Quarterly Revenue Growth; Returns to Quarterly Profitability With Earnings Per Diluted Share of $0.01 for Fiscal 2012 Second-Quarter
8:31 AM ET 2/2/12 | GlobeNewswire
NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today reported financial results for its fiscal 2012 second quarter ended December 31, 2011.
Sequential revenue growth was better than the company expected, with total second-quarter revenue increasing 38 percent to $8.6 million, from $6.2 million reported in the fiscal 2012 first quarter. Previously, the company had forecast sequential revenue growth of 15% to 20%.
"Our second-quarter results reflect a positive shift in the company's financial performance following a challenging period," said Najeeb Ghauri, chairman and CEO of NetSol. "After navigating through two tough quarters, we regained momentum by signing agreements across each of our business lines."
On a sequential basis, license revenue rose to $2.0 million in the fiscal 2012 second quarter, from $1.1 million in the fiscal 2012 first quarter, reflecting the signing of new and previously delayed contracts. License revenue was $3.1 million in the second quarter of fiscal 2011.
Maintenance revenue increased slightly to $2.1 million in the second quarter of 2012, from $2.0 million in the previous first fiscal quarter, and $2.0 million for the same period last year.
Services revenue was $4.4 million, up sequentially from $3.1 million in the first quarter of fiscal 2012, and compared with $5.3 million for the second quarter of fiscal 2011.
Fiscal 2012 Second-Quarter Highlights:
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-- Signed two new NetSol Financial Suite (NFS)(TM) projects in Asia-Pacific region, including strengthening existing agreement with Minsheng Financial Leasing; -- Completed NFS enhancement projects for two major U.S.-based auto captive finance companies, along with one of the top ten equipment leasing companies in North America; -- Initiated roll-out of next generation NFS solution with Kiatnakin Bank in Thailand; -- Embarked on automation program for a major European bank using LeaseSoft portal; -- Signed agreement with LTC Supply Source valued at approximately $1 million to implement SAP purchasing platform and smartOCI(TM) Marketplace, which includes license and ongoing services fees.
Operating expenses for the fiscal 2012 second quarter were $3.5 million, compared with $3.0 million for the fiscal 2011 second quarter. The increase primarily reflects operating expenses associated with the newly acquired subsidiary Virtual Lease Services (VLS).
Operating income for the second quarter of fiscal 2012 was $1.2 million, compared with operating income of $3.9 million in the second quarter of fiscal 2011.
Net income for the fiscal second quarter was $0.3 million, or $0.01 per diluted share, compared with net income of $1.9 million, or $0.04 per diluted share, in the second quarter of fiscal 2011.
At December 31, 2011, cash, cash equivalents amounted to $4.7 million. During the quarter, NetSol purchased 44,300 shares under the 2.5 million share purchase program at an average price of $0.44.
Financial Outlook
NetSol has improved visibility in topline revenue for the second half of fiscal 2012, as clients continue to sign orders that were deferred from the last quarter of the previous fiscal year. The company also expects to see growth in new business and revenues for its wholly owned subsidiary, Vroozi Inc., as it secures its fifth client for smartOCI.
NetSol expects sequential second half fiscal 2012 revenue growth of 10 to 15 percent when compared with the first of the same fiscal year. The company also said that it anticipates achieving profitability for the full 2012 fiscal year.
Conference Call and Webcast Information
NetSol will host a conference call today, at 9 a.m. EST to review its financial results. To participate in the conference call, please dial (877) 941-0844 (domestic) or (480) 629-9835 (international), password: 4509594.The call is also available through a live, listen-only audio webcast at www.netsoltech.com in the investor relations section. For those who are unable to listen to the live webcast, the call will be archived for 90 days.
Additionally, a telephone playback of the conference call will also be available until 11:59 p.m. EST, Thursday, February 9, 2012. Listeners should call (800) 406-7325 (domestic) or (303) 590-3030 (international) and use reservation: 4509594.
About NetSol Technologies
NetSol Technologies, Inc. (www.netsoltech.com) is a worldwide provider of global IT and enterprise application solutions that include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. Headquartered in Calabasas, Calif., NetSol's product and services offerings have achieved ISO 9001, ISO 20000, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by only 178 companies worldwide. The company's clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. NetSol has delivery and support locations in San Francisco, London, Beijing, Bangkok, Lahore, Adelaide and Riyadh.
Investors can receive news releases and invitations to special events by accessing our online signup form at http://bit.ly/NetSol_Investor_Signup_Form.
The NetSol Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9832
Forward-Looking Statements
This press release may contain forward-looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "expects," "anticipates," variations of such words, and similar expressions, identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance. The subject Companies expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.
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NetSol Technologies, Inc. and Subsidiaries Condensed Consolidated Balance Sheets As of As of June December 31, 30, ASSETS 2011 2011 ------------- ------------- Current assets: Cash and cash equivalents $ 4,723,366 $ 4,172,802 Restricted Cash 2,703,618 5,700,000 Accounts receivable, net 12,209,500 15,062,503 Revenues in excess of billings 9,553,286 7,601,230 Other current assets 2,144,031 2,053,904 ------------- ------------- Total current assets 31,333,801 34,590,439 Property and equipment, net 16,919,342 16,014,461 Intangible assets, net 28,071,966 25,602,195 Goodwill 9,653,330 9,439,285 ------------- ------------- Total assets 85,978,439 85,646,380 ============= ============= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued expenses 4,935,799 4,730,027 Current portion of loans and obligations under capitalized leases 4,413,779 7,062,535 Other payables 103,226 103,226 Unearned revenues 3,296,324 2,653,460 Convertible notes payable , current portion -- 2,745,524 Loans payable, bank 2,217,295 2,319,378 Common stock to be issued 125,525 400,700 ------------- ------------- Total current liabilities 15,091,948 20,014,850 Obligations under capitalized leases, less current maturities 245,139 285,472 Convertible notes payable, less current maturities 3,640,128 -- Long term loans, less current maturities 1,798,051 434,884 ------------- ------------- Total liabilities 20,775,266 20,735,206 Commitments and contingencies Stockholders' equity: Common stock, $.001 par value; 95,000,000 shares authorized; 56,948,855 & 55,531,855 issued and outstanding as of December 31, 2011 and June 30, 2011 56,949 55,532 Additional paid-in-capital 99,428,924 97,886,492 Treasury stock (415,425) (396,008) Accumulated deficit (35,271,598) (34,130,944) Stock subscription receivable (2,031,210) (2,198,460) Other comprehensive loss (9,964,572) (8,805,922) Total NetSol shareholders' equity 51,803,068 52,410,690 Non-controlling interest 13,400,105 12,500,484 Total stockholders' equity 65,203,173 64,911,174 ------------- ------------- Total liabilities and stockholders' equity $ 85,978,439 $ 85,646,380 ============= =============
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NetSol Technologies, Inc. and Subsidiaries Condensed Consolidated Statement of Operations For the Three Months For the Six Months Ended December 31, Ended December 31, 2011 2010 2011 2010 ------------ ------------ -------------- ------------ Net Revenues: License fees $ 2,047,855 $ 3,129,063 $ 3,123,705 $ 6,606,856 Maintenance fees 2,121,282 2,023,509 4,158,488 3,693,428 Services 4,436,916 5,272,675 7,552,567 8,528,035 ------------ ------------ -------------- ------------ Total revenues 8,606,052 10,425,247 14,834,760 18,828,319 Cost of revenues: Salaries and consultants 2,287,803 2,127,280 4,671,214 4,114,168 Travel 254,169 238,776 539,842 470,388 Repairs and maintenance 96,723 71,459 170,917 128,517 Insurance 31,348 31,087 67,216 62,079 Depreciation and amortization 812,510 679,284 1,601,615 1,310,225 Other 421,416 348,859 937,825 591,997 ------------ ------------ -------------- ------------ Total cost of revenues 3,903,969 3,496,745 7,988,629 6,677,375 ------------ ------------ -------------- ------------ Gross profit 4,702,083 6,928,503 6,846,131 12,150,944 Operating expenses: Selling and marketing 735,132 1,002,877 1,435,413 1,486,847 Depreciation and amortization 289,030 267,861 480,704 534,303 Bad debt expense -- (353) 192,250 254,279 Salaries and wages 1,152,023 736,898 1,958,587 1,657,162 Professional services, including non-cash compensation 236,911 151,276 423,660 290,361 Lease abandonment charges -- -- -- -- General and administrative 1,072,483 873,569 1,965,455 2,006,088 ------------ ------------ -------------- ------------ Total operating expenses 3,485,579 3,032,128 6,456,069 6,229,041 ------------ ------------ -------------- ------------ Income from operations 1,216,504 3,896,375 390,062 5,921,904 Other income and (expenses) Loss on sale of assets (1,633) (792) (3,274) (15,586) Interest expense (158,957) (291,475) (419,164) (607,119) Interest income 7,264 9,958 40,069 94,419 Gain (loss) on foreign currency exchange transactions 160,125 (400,658) 39,219 673,236 Share of net loss from equity investment -- (71,799) (100,000) (142,236) Beneficial conversion feature (61,441) (118,163) (74,247) (295,574) Other expense (8,988) (1,748) (16,706) (57,301) ------------ ------------ -------------- ------------ Total other income (expenses) (63,629) (874,677) (534,103) (350,162) ------------ ------------ -------------- ------------ Net income (loss) before income taxes 1,152,875 3,021,698 (144,041) 5,571,741 Income taxes (7,005) (3,168) (31,539) (11,724) ------------ ------------ -------------- ------------ Net income (loss) after tax 1,145,870 3,018,530 (175,580) 5,560,017 Non-controlling interest (826,303) (1,082,792) (963,561) (2,057,301) ------------ ------------ -------------- ------------ Net income (loss) attributable to NetSol 319,567 1,935,737 (1,139,141) 3,502,717 ------------ ------------ -------------- ------------ Other comprehensive loss: Translation adjustment (1,039,343) 916,065 (2,013,541) 440,163 ------------ ------------ -------------- ------------ Comprehensive income (loss) (719,776) 2,851,802 (3,152,682) 3,942,880 Comprehensive income (loss) attributable to non controlling interest (437,533) 131,912 (854,892) (74,976) ------------ ------------ -------------- ------------ Comprehensive income (loss) attributable to NetSol $ (282,243) $ 2,719,890 $ (2,297,790) $ 4,017,856 ============ ============ ============== ============ Net income per share: Basic $ 0.01 $ 0.04 $ (0.02) $ 0.08 ============ ============ ============== ============ Diluted $ 0.01 $ 0.04 $ (0.02) $ 0.08 ============ ============ ============== ============ Weighted average number of shares outstanding Basic 56,655,621 48,366,323 56,269,445 43,955,210 ============ ============ ============== ============ Diluted 57,261,550 51,058,140 56,269,445 46,647,027 ============ ============ ============== ============ Amounts attributable to NetSol common shareholders Net income / (loss) $ 319,567 $ 1,935,737 $ (1,139,141) $ 3,502,717 ------------ ------------ -------------- ------------
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NetSol Technologies, Inc. and Subsidiaries Condensed Consolidated Statement of Cash Flows For the Six Months Ended December 31, 2011 2010 ------------ ------------ Cash flows from operating activities: Net (loss) income $ (175,580) $ 5,560,017 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 2,082,319 1,844,528 Provision for bad debts 192,250 254,279 Gain on sale of subsidiary shares in Pakistan -- -- Loss on foreign currency exchange transaction -- -- Share of net loss from investment under equity method 100,000 142,236 Loss on sale of assets 3,274 15,586 (Gain) on settlement of lease abandonment provision -- -- Dividend income -- -- Non controlling interest in subsidiary 0 -- Stock issued for interest on notes payable -- 35,808 Stock issued for services 155,500 577,943 Fair market value of warrants and stock options granted 256,479 175,341 Non cash exercise of warrants -- -- Beneficial conversion feature 74,247 295,574 Amortization of capitalized finance cost -- -- Changes in operating assets and liabilities: Increase/ decrease in accounts receivable 3,322,973 (1,863,668) Increase/ decrease in other current assets (2,042,183) (1,377,332) Increase/ decrease in long-term assets -- -- Increase/ decrease in accounts payable and accrued expenses (11,801) (353,493) ------------ ------------ Net cash provided by operating activities 3,957,478 5,306,820 Cash flows from investing activities: Purchases of property and equipment (2,832,212) (2,450,222) Sales of property and equipment 73,048 19,988 Purchase of treasury stock (19,417) -- Purchase of non-controlling interest in subsidiary -- (180,000) Short-term investments held for sale -- (256,706) Investment under equity method (100,000) -- Cash brought in at acquisition -- -- Acquisition, net of cash acquired (253,192) -- Increase in intangible assets (3,713,090) (3,127,234) ------------ ------------ Net cash used in investing activities (6,844,863) (5,994,175) Cash flows from financing activities: Proceeds from sale of common stock -- 2,566,750 Proceeds from the exercise of stock options and warrants 368,000 667,300 Purchase of subsidiary stock in Pakistan -- -- Proceeds from sale of subsidiary stock -- -- Purchase of treasury stock -- -- Proceeds from convertible notes payable 4,000,000 -- Payments on convertible notes payable (2,758,330) -- Restricted cash 2,996,382 -- Dividend Paid -- -- Bank overdraft Proceeds from bank loans 3,866,758 2,588,773 Payments on bank loans -- (44,455) Payments on capital lease obligations & loans - net (5,123,981) (3,192,089) ------------ ------------ Net cash provided by financing activities 3,348,830 2,586,278 Effect of exchange rate changes in cash 89,119 (118,318) ------------ ------------ Net increase in cash and cash equivalents 550,564 1,780,605 Cash and cash equivalents, beginning of year 4,172,803 4,075,546 ------------ ------------ Cash and cash equivalents, end of year $ 4,723,366 $ 5,856,150 ============ ============
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NetSol Technologies, Inc. and Subsidiaries Reconciliation to GAAP Three Months Three Months Year Year Ended Ended To date To date December 31, December 31, December 31, December 31, 2011 2010 2011 2010 ------------ ------------ -------------- ------------ Net Income (loss) before preferred dividend, per GAAP $ 319,567 $ 1,935,737 $ (1,139,141) $ 3,502,717 Income Taxes 7,005 3,168 31,539 11,724 Depreciation and amortization 1,101,540 947,145 2,082,319 1,844,528 Interest expense 158,957 291,475 419,164 607,119 Interest (income) (7,264) (9,958) (40,069) (94,419) ------------ ------------ -------------- ------------ EBITDA $ 1,579,804 $ 3,167,567 $ 1,353,812 $ 5,871,669 ============ ============ ============== ============ Weighted Average number of shares outstanding Basic 56,655,621 48,366,323 56,269,445 43,955,210 Diluted 57,261,550 51,058,140 56,875,373 46,647,027 ------------ ------------ -------------- ------------ Basic EBITDA $ 0.03 $ 0.07 $ 0.02 $ 0.13 ============ ============ ============== ============ Diluted EBITDA $ 0.03 $ 0.06 $ 0.02 $ 0.13 ============ ============ ============== ============
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: NetSol Technologies Inc.
Contacts: PondelWilkinson Inc.
Evan Pondel (310) 279-5973
investors@netsoltech.com.
ATPG...$6.68..premarket..News..Chart...
ATP Closes $25 Million Overriding Royalty Interest Sale, Updates Telemark Status, Announces Conference Date
6:30 AM ET 2/2/12 | BusinessWire
ATP Oil & Gas Corporation (NASDAQ:ATPG) today announced it has sold a $25 million dollar denominated limited term overriding royalty interest in its Gomez Hub. Similar to previous overriding royalty interests sold by ATP, the purchaser will receive a designated portion of the revenues produced at the Gomez Hub in the Gulf of Mexico until obtaining the amount of their investment plus a designated return. At the conclusion of the override all of the remaining interest will revert to ATP.
ATP also announced an update on its development activities at the Telemark Hub. As of February 2, 2012, ATP has completed the drilling of the Mississippi Canyon ("MC") 942 #2 well to a measured depth of 21,400 feet. As previously noted, three productive sands have been logged with at total of 239 feet of pay. ATP has set 7-5/8 inch casing across the B and C Sands and a 5-1/2 inch liner through the S Sand. The S Sand, at a depth of 21,010 to 21,090 feet, has been perforated and completed.
After completion of the next regularly scheduled BOP test, ATP will move to the completion of the C Sand which will be perforated at a depth of 17,560 to 17,730 feet. As soon as the C Sand is completed, ATP will begin completing the B Sand which will be perforated at a depth of 17,410 to 17,480 feet. An additional BOP test will be required before the completion of the B Sand.
ATP estimates first production immediately upon completing these activities scheduled during first quarter 2012. Plans are to begin production in the S Sand. ATP intends to comingle the B and C Sands with the S Sand when the pressure equalizes between the three sands.
ATP's next regularly scheduled conference presentation is at the J.P. Morgan High Yield Conference being held February 27 -- 28 in Miami where additional updates on its Telemark Hub as well as a preliminary estimate of its independent third party year-end 2011 proved and probable reserves will be provided. A previously scheduled conference appearance with Credit Suisse the week of February 6 unfortunately had to be cancelled. Any previously scheduled one-on-ones may be rearranged by contacting ATP's investor relations office. The cancellation was due to scheduling conflicts including funeral services for a family member of an ATP executive.
About ATP Oil & Gas Corporation
ATP Oil & Gas is an international offshore oil and gas development and production company with operations in the Gulf of Mexico, Mediterranean Sea and the North Sea. The company trades publicly as ATPG on the NASDAQ Global Select Market. For more information about ATP Oil & Gas Corporation, visit www.atpog.com.
Forward-looking Statements
Certain statements included in this news release contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. ATP cautions that assumptions, expectations, projections, intentions, plans, beliefs or similar expressions used to identify forward-looking statements about future events may, and often do, vary from actual results and the differences can be material from those expressed or implied in such forward looking statements. Some of the key factors which could cause actual results to vary from those ATP expects include, without limitation, volatility in commodity prices for crude oil and natural gas, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating reserves and forecasting production results, operational factors affecting the commencement or maintenance of producing wells, the condition of the capital markets generally, as well as ability to access them, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting its business. ATP assumes no obligation and expressly disclaims any duty to update the information contained herein except as required by law. While ATP does not file reports with the SEC containing probable and possible reserve quantities, ATP occasionally will include them in news releases, presentations and discuss such reserves publicly. ATP and its independent third party reservoir engineers use the term "probable" to describe volumes of reserves potentially recoverable through additional drilling or recovery techniques that, by their nature, are more speculative than estimates of proved reserves. Any estimates of reserves in this news release have been prepared by our independent third party engineers. More information about the risks and uncertainties relating to ATP's forward-looking statements is found in the company's SEC filings or website, www.atpog.com.
SOURCE: ATP Oil & Gas Corporation
ATP Oil & Gas Corporation, Houston
T. Paul Bulmahn, 713-622-3311
Chairman and CEO
or
Albert L. Reese Jr., 713-622-3311
Chief Financial Officer
www.atpog.com
RENN...DANG....Watch on Facebook IPO.....both up in pre market..
BOCL...News...Chart attached from previous post...
Global NuTech Announces Name Change to Texas Gulf Energy, Incorporated
6:45 AM ET 2/2/12 | PR Newswire
Global NuTech, Inc. (OTCQX: BOCL) announced today that the company will change its name to Texas Gulf Energy, Incorporated (www.tgnrg.com). The name change reflects the company's expanding focus on services, exploration and production in the energy sector. Global NuTech, Inc. recently announced the acquisition of Houston, Texas based Texas Gulf Oil & Gas, Inc. from private equity firm Corporate Strategies Merchant Bankers, which included individual oilfield producing interests, assets and options throughout the Austin Chalk and near the Eagle Ford shale play in Texas. David Mathews, CEO of Global NuTech, said, "By adding the core business of Texas Gulf Oil & Gas, Inc. with the proven model of services already provided by our flagship operation International Plant Services, LLC, we are continuing our vertical expansion throughout the energy sector. We believe our new name, Texas Gulf Energy, Incorporated, more clearly defines our future focus and the energy related businesses of the company."
About Global NuTech, Inc.
Global NuTech, Inc. (OTCBB: BOCL) Soon to be renamed Texas Gulf Energy, Incorporated, and with the recently announced acquisition of International Plant Services and Texas Gulf Oil & Gas, the Company is expanding vertically in the energy sector. The company's growth has been previously driven by International Plant Services existing international business in management and construction services to the world's largest and best known energy companies in the refinery, chemical, mining and power industries.
About International Plant Services
International Plant Services, LLC (IPS) Since our founding in 2003, our flagship company, International Plant Services, has deployed thousands of engineering, construction, technical, skilled crafts and project management personnel to major international energy companies including Exxon Mobil, Conoco Phillips, Chevron, Valero, and others. We are particularly well known throughout the energy markets for our ability to provide construction services with professional, experienced and well trained teams to maximize the ability of our customers to complete major projects safely, on time and on budget. Now entering our tenth year in business, we have vertically integrated our service offering into other energy market segments, including wellhead services, oil and gas production, and professional consulting services both domestically and internationally to better serve the needs of our customers.
Precautionary and Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," 'expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in BOCL's disclosures or filings with the SEC. You are further cautioned that penny stocks, like BOCL, are inherently volatile and risky and that no investor should buy this stock unless they can afford the loss of their entire investment.
SOURCE Global NuTech, Inc.
HRID....077...News...Chart attached from previous post...
Hybrid Fuels, Inc. Announces Breakthrough Benefits and Competitive Advantages of Azul Instant™ - "Be Ready in an Instant"
FORT LAUDERDALE, Fla., Feb. 1, 2012 /PRNewswire/ -- Hybrid Fuels, Inc., (Pink Sheets: HRID) updated shareholders today on the breakthrough benefits and competitive advantages of Azul Instant™.
Azul Instant™ was developed by the scientific research and development team of Nouveau Life Pharmaceuticals. The formula was developed with the same principals as other erectile dysfunction pharmaceuticals but in a safe and natural formulation. Patients will now receive the NATURAL benefits of Azul Instant™ without experiencing the side effects associated with prescription medications. While there are other natural alternative supplements on the market today, Azul Instant™ is the only male enhancement product that works within 5 minutes. Azul Instant™ lasts for up to 48 hours and has proven to help enhance sexual stamina, endurance, strength and energy with no side effects.
"The fast effective time and safe formulation of Azul Instant™ creates a significant competitive advantage for our product. Other competitive products have a 30 minute wait time before they are effective, thus eliminating the spontaneity of a healthy sexual lifestyle. We are thrilled with the response to the product thus far and look forward to a prosperous 2012," stated Ramiro Cadena, CEO of Hybrid Fuels, Inc.
Azul Instant™ is marketed under Nouveau Life Pharmaceuticals, Inc., the Company's pending name change. For more information, go to www.azulnow.com.
About Hybrid Fuels, Inc.
The company was incorporated in the state of Nevada in 1998 as Polo Equities. It has primarily been a development stage company with management focused on developing innovative business opportunities and further advancing technologies.
Forward-Looking Statements - This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Hybrid Fuels, Inc. undertakes no obligation to update such statements.
CONTACT:
Hybrid Fuels, Inc. - 954-903-2993
SOURCE Hybrid Fuels, Inc.
Source: PR Newswire (February 1, 2012 - 8:30 AM EST)
News by QuoteMedia
IFHR....12...News...Chart attached from previous post..
Rhino Human Resources Ready for Next Step in Company's Growth
12:59 PM ET 2/1/12 | Marketwire
Rhino Human Resources, Inc. (PINKSHEETS: IFHR) today announced that the company has risen from the proverbial quicksand that holds many smallcap companies from reaching past the reputation of a penny stock, and now is ready start discussions with a suitable merger candidate that will take the company to the next level. After posting its financial disclosures for 2010 and the first three quarters of 2011 earlier this year, Rhino is now nearing the completion of preparing the 2011 Annual disclosure bringing the company current once and for all before the end of the month if all goes as planned.
With the financial disclosures current, the company's next goal is to have those financials audited almost immediately so that they will be in compliance with the Securities Exchange Act of 1934, and therefore fully reporting by the time they have worked out the details of a merger with a reputable and economically sound candidate.
Previously just a consultant to the company, Ray Barton was recently appointed Chief Executive Officer of the company. Mr. Barton is experienced in the management and building of smallcap and microcap companies, as well as seeking, identifying and executing mergers between public companies. Mr. Barton took the position with one main mission in mind: to clean up the mess left by prior management and make sure the company becomes current on all of its filings. Once that is complete, within the next couple weeks, he will begin negotiations with suitable merger candidates in order to bring as much shareholder value as possible to the company. "One thing cannot be argued," Barton said confidently, "we are taking our time, and doing it the right way. IFHR is NOT just another penny stock."
Barton claims he is talking to candidates with a track record of profitability and respectable revenue levels that increase annually. His overall goal is to groom the company to be as appealing as possible to a worthy candidate and to put together a transaction that will minimize dilution while increasing shareholder value exponentially.
Although the company cannot verify whether or not it currently has a candidate in mind, it would likely not be able to disclose those candidates at this time anyway due to confidentiality agreements. However, the company assures shareholders that they will scrutinize potential targets very carefully for the best possible fit and as soon as any material agreements are reached, they will be announced to the public.
ABOUT RHINO HUMAN RESOURCES Rhino Human Resources, previously INFE Human Resources, operates a wholly owned subsidiary, LoneStaffing, Inc., that consults businesses and helps them recruit commission only sales reps. Recently, management has decided to seek out a merger candidate in an emerging market to take the company to a higher level.
For more information contact:
Rhino Human Resources
Investor Relations
1-877-571-6184
SOURCE: Rhino Human Resources Inc.
NTWK....6797...hod...