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BVRSF - BVR Systems Awarded a Major Naval Embedded Simulation Contract
Monday September 11, 2:30 am ET
ROSH HA'AYIN, Israel, September 11 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF - News), announced today the award of a US $12 million contract for the supply of its distributed naval embedded training system to an international customer.
The distributed naval embedded training system is the new generation of BVR's leading Naval Combat Maneuvering Instrumentation (NCMI) system. The program includes the instrumentation of multiple naval combat platforms, as well as the provision of shore-based real-time monitoring equipment and advanced ground stations for mission planning, monitoring and debriefing. The system also provides advanced Joint Force Training capabilities by allowing high-rate tactical datalink connectivity to aircraft instrumented with the Autonomous Air Combat Maneuvering Instrumentation (AACMI) system, and to additional naval combat vessels instrumented with BVR's installed NCMI systems, all in service with the same customer.
The naval embedded training system is an advanced networked embedded simulation system, which provides real-time, at sea, confederated, on-board training capabilities to an entire naval task force. This capability is achieved through BVR's ruggedized embedded simulation computers and datalink equipment, which are installed on-board the combat vessels and integrated with the ship's various combat systems. The naval embedded training system stimulates the combat systems, and injects the synthetic environment to various crew members' combat console.
The naval embedded training system's advanced architecture enables the platform's sensors to function in the operational mode, thus providing hybrid training capabilities holding hundreds of real and simulated participants. All participant data is fused to create a seamless tactical picture, which is distributed via the datalink to the different sensors, weapons and system operators.
BVR Systems' CEO, Ilan Gillies, commented: "We are proud and honored to receive this contract that will serve to further enhance our NCMI system. We greatly appreciate this vote of confidence and ongoing satisfaction from our customer. BVR is fully committed to the achievement of our objectives and will continue to focus on customer satisfaction.
We are encouraged from the increase in new orders achieved by BVR this year in our On-Board Training products. This is an important achievement in BVR's strategy to focus our efforts in the networking and inter-operability of Live, Virtual and Constructive training systems."
About BVR Systems
BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces. For more information visit the Company's web site at http://www.bvrsystems.com
Contact:
Ilan Gillies - CEO
BVR Systems (1998) Ltd.
Tel +972-3-900-8000
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management of BVR only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; decline in demand for BVR's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of BVR to differ materially from those contemplated in such forward-looking statements. BVR undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting BVR, reference is made to BVR's reports filed from time to time with the Securities and Exchange Commission.
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Source: BVR Systems (1998) Ltd.
UCSY - Universal Communication Systems, Inc. Announces Greatly Improved Financial Position at June 30, 2006 and Reports a 103% Increase in Sales for Past 9 Months Performance Results
Monday September 11, 1:13 am ET
MIAMI BEACH, FL--(MARKET WIRE)--Sep 11, 2006 -- Universal Communication Systems, Inc. (OTC BB:UCSY.OB - News) (Berlin:UVC.BE - News) (XETRA:UVC.DE - News) (Frankfurt:UVC.F - News) (Munich:UVC.MU - News) (WKN: 917633) company chairman, Michael Zwebner, announced today that the company's financial position has substantially improved at the end of the third quarter, June 30, 2006, compared to its position at the end of the last fiscal year end, September 30, 2005. He further noted that sales have increased 103% for the nine months ended June 30, 2006 compared to the same period in 2005.
Total current assets increased $579,576, from $1,187,366 at September 30, 2005 to $1,766,942 at June 30, 2006. Total current liabilities decreased $1,482,664, from $2,414,051 at September 30, 2005 to $931,387 at June 30, 2006. This represents an increase in working capital of $2,062,240, from a negative working capital of ($1,226,685) at September 30, 2005 to a positive $835,555 at June 30, 2006. The changes in current assets and current liabilities resulted from increased inventories, disposal and write-off of discontinued operations and lower accrued expenses.
In addition to the Company's improvement in its working capital position, total other assets increased $324,836, from $296,989 at September 30, 2005 to $621,825 at June 30, 2006. This increase resulted from an increase in patent assets acquired in connection with the sale of the former subsidiary, Millennium Electric TOU Limited.
Net sales for the nine months ended June 30, 2005 were $991,032 compared to $488,394 for the nine months ended June 30, 2005. The increase in sales of $502,638 was primarily attributable to sales of air water systems by the company's subsidiaries, Air Water Corporation, Atmospheric Water Technologies, Inc. and Solar Style, Inc., the Company's wholly owned subsidiary which sells a wide range of consumer electronic solar chargers and solar powered products.
Mr. Zwebner stated, "The financial figures speak for themselves, but most importantly, we now all feel very upbeat and confident about our immediate and longer term future, with most of our R&D expenditures over, our new products now in the marketplace, and a fast growing global interest in our entire range of products. The company anticipates substantial sales growth in the fourth quarter of the current fiscal year ending September 30, 2006, when settlement of consigned goods are expected to be converted to actual sales. In addition, the company's international sales efforts are finally taking off, with new sales agents and distributors in many new overseas territories being appointed. All these unending efforts and sales and marketing activities, are translating to good solid sales performances, with profitable margins."
NEW AIR WATER FRIDGES & FREEZERS - PRODUCTS LAUNCHED.
The company this week launched its new range of Water Making Fridges and Freezers. The event was hosted near Shanghai, China, and was attended by more than 100 people, many of them existing Air Water dealers and distributors from all over the world. The company is now securing its first orders and shipments to send these new unique products worldwide.
The Company anticipates that the sales for the fiscal year ending September 30, 2007 will approach and or exceed the original corporate business plans which projected $7 million in sales on a consolidated basis, along with improving gross margins and net operating results.
About Universal Communication Systems, Inc.
For more information please visit the company's website at: www.ucsy.com
About AirWater Corporation
For more information please visit AirWater Corporation's website at: www.airwatercorp.com
About Solar Style Inc.
For more information please visit Solar Style Inc.'s website at: www.solarstyle.com
Safe Harbor Statement
Caution Concerning Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
Contact:
Universal Communication Systems, Inc. - Miami Beach
Rolando Sablon
305-672-6344
Company web address: http://www.ucsy.com
Company email address: Email Contact
--------------------------------------------------------------------------------
Source: Universal Communication Systems, Inc.
CGNW - Cognigen Networks Acquires Total Ownership of CBSi:
Monday September 11, 12:27 am ET
Cognigen Business Systems, Inc. Launches VoIP and Related Broadband Services to Subway Restaurant Franchise Locations
MOUNTLAKE TERRACE, Wash., Sept. 11 /PRNewswire-FirstCall/ -- Cognigen Networks, Inc. (OTC Bulletin Board: CGNW - News), the Seattle area based Internet- enabled marketer of communications services and certificated reseller, exercised its option to purchase the 50% interest in Cognigen Business Systems, Inc. (CBSi) owned by Anza Borrego Partners, Inc. (ABP) of San Diego. As a result of the option exercise, Cognigen now owns 100% of CBSi. The stock for stock transaction was completed by the issuance of 1,246,028 shares of restricted common stock to ABP, which represents 12.46% share of Cognigen Networks, Inc. issued and outstanding stock. In July of 2006, the two companies organized CBSi for the purpose of providing integrated broadband voice, data, video and environmental management services to the Quick Service Retail (QSR) industry. ABP designed and developed an integrated suite of services to support managerial communication and control for QSR franchises in a project known as Retail Technologies Co-Op (RTC). For the past two months CBSi has been installing the service in a pilot program at various Subway Restaurants throughout San Diego County, California. The pilot program is in its final stages, but has been so successful that CBSi has already obtained customer commitments for three year service agreements in the initial roll out areas of California and Oregon prior to pilot completion. Full details of the option and acquisition agreement are provided in the Current Report on Form 8- K being filed by Cognigen with the SEC.
Carl L. Silva, Jr., ABP's CEO and chief architect of the integrated VoIP based services known as RTC, commented regarding the acquisition of its interest in CBSi by Cognigen. "The shareholders of Anza Borrego Partners, Inc. are delighted to become significant shareholders in Cognigen. As president and CEO of CBSi, I am confident we will make significant contributions to revenue growth and earnings for the benefit of all Cognigen shareholders. While CBSi operates as a separate corporate entity, and now a wholly owned subsidiary of Cognigen, our efforts and management are fully integrated with the overall Cognigen system. CBSi's ability to leverage Cognigen's agent channel to sell and support CBSi's products creates tremendous synergy for both companies."
Christopher R. Seelbach, Cognigen's board chairman, said, "This acquisition clearly demonstrates our commitment and confidence in our ability to sell into the enterprise model developed for CBSi. For the past two years Cognigen has focused its agents on developing greater revenue growth in sales of services to small and medium sized businesses. The results of those efforts have been very gratifying. Our transition to VoIP based services through the CBSi /RTC program creates even larger opportunities for our agents. Building on the foundation of Cognigen's core business as an Internet based direct seller of telecommunication services we have now also become a managed service company. Sales for this balanced combination of services will be fueled by our effective and experienced agent distribution channel. CBSi is poised to capture a significant market share of the QSR industry through the special relationships it has developed with Subway Restaurant franchisees and other franchise brand owners. If CBSi is able to execute a nationwide roll out of its RTC services among the 21,000 plus Subway franchises in the United States, we anticipate the potential for attaining annual revenue in the range of $30 million. By effectively solving technology management problems for the owners of multiple QSR franchise locations, or multiple QSR brands, the CBSi VoIP based technology will provide us with the means of seeking even greater market share available among the other 550,000 plus U.S. based QSR franchise locations."
Mr. Silva added these comments, "Having successfully completed installation of basic broadband based service bundles in Subway restaurants in our pilot program, we are now focused on moving forward with installations in Subway Restaurant locations in San Diego County with near term expansion to additional Subway franchises in California, Arizona, Oregon, Florida, the Mid- Atlantic states, and Canada. Our primary objective is to provide our RTC services to approximately 21,000 Subway franchised restaurants in the United States within the next thirty months. We are also aggressively pursuing expansion into other QSR franchisee organizations, as well as other affiliated vertical market opportunities. According to U.S. Bureau of the Census data, over 1.5 million commercial retail establishments comprise market opportunities for CBSi's bundled broadband services."
Since becoming a public company seven years ago, Cognigen has served approximately 860,000 customers worldwide who have purchased telecommunication and personal technology services and products from the Company's websites. Each of the approximately 134,000 persons, who are currently registered as Cognigen agents, has a website that is replicated from the main www.ld.net site. These web sites are provided free of charge to the agents immediately upon signing up as a Cognigen independent representative.
About Cognigen
Cognigen Networks, Inc., based in metropolitan Seattle, Washington, offers a wide range of telecommunication services and related technology products via its Web site, http://.www.cognigen.net . Cognigen's robust marketing engine harnesses distribution channels featuring a prominent Internet presence, a network of independent agents and several affiliate groups, each having their own customized Web site. Cognigen's agent initiated sales as well as those generated directly off its main website are fulfilled via proprietary software utilizing the Internet. The Company sells its own proprietary services under the Cogni label as a certificated reseller and carrier, and resells the services of industry leaders such as AT&T, AccuLinq, Inphonic Cellular, ShopForT1, Convergia, IBN Tel, Pioneer Telephone, OPEX, PowerNet Global, UniTel and Trinsic / Z-Tel. Cognigen is authorized to operate as an interstate and international carrier under Section 214 of the rules of the Federal Communications Commission and is regulated by some forty four state public utility commissions as a reseller of interstate and intrastate long distance telecommunications services. Since September of 1999, Cognigen has sold, on behalf of its vendors and for its own account, services and products to approximately 860,000 customers worldwide.
The information herein contains forward-looking statements, including, without limitation, statements relating to Cognigen Networks, Inc. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect the Company's business, financial condition and results of operations, including without limitation, the Company's possible inability to become certified as a reseller in all jurisdictions in which it applies, the possibility that the Company's proprietary customer base will not grow as the Company expects, the Company's inability to obtain additional financing, the Company's possible lack of producing agent growth, the Company's possible lack of revenue growth, the Company's possible inability to add new products and services that generate increased sales, the Company's possible lack of cash flows, the Company's possible loss of key personnel, the possibility of telecommunications rate changes and technological changes, the possibility of increased competition, and the possibility that the operations of CBSi will not prove to be successful. Many of these risks are beyond the Company's control. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, or Section 2lE of the Securities Exchange Act of 1934, as amended, when making forward- looking statements.
--------------------------------------------------------------------------------
Source: Cognigen Networks, Inc.
Monday, September 11, 2006, The NASDAQ Stock Market® will observe a moment of silence from 10:29 to 10:30 a.m., ET, in remembrance of those who lost their lives on September 11, 2001.
We invite market participants to join NASDAQ® in this silent remembrance. Since trading will not be halted during this time, NASDAQ requests that market participants use their best judgment and sensitivity in regards to trading during the moment of silence.
(reposted from lady1242 on Q & A board)
Very nice Merci...!
ISGI - Form 8-K for RUBICON FINANCIAL INC
8-Sep-2006
Change in Directors or Principal Officers, Amendments to Articles of Inc. o
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointments of Principal Officers
(c) Election of a New Officer
On September 6, 2006, the Registrant's board of directors, immediately following its annual shareholders meeting, appointed Mr. Joseph Mangiapane, Jr. as the Registrant's Chief Executive Officer. Mr. Mangiapane does not currently have an employment contract with the Registrant.
Joseph Mangiapane, Jr., is the newest member to ISSG's board of directors and is also its Chief Executive Officer. Mr. Mangiapane has been a senior registered options principal, compliance registered options principal, and a registered representative with Advantage Investment Strategies, Inc., an NASD registered broker/dealer, since 2005. From 2000 to 2004, Mr. Mangiapane owned and managed a restaurant in Orange County, California. From 1992 to 2000, Mr. Mangiapane was a stockholder, senior registered options principal, compliance registered options principal, and a registered representative with Tradeway Securities Group in Irvine, California. From 1987 to 1989, Mr. Mangiapane was an investment banker and senior institutional trader with Paine Webber's Sexton Group, and from 1986 to 1987, he was an investment banker Sexton Group, then a part of Drexel Burnham Lambert. Mr. Mangiapane's father is the sole officer and director of Dial-A-Cup, a wholly owned subsidiary of the Company.
(d) Election of a New Director
On September 6, 2006, the Registrant held its annual shareholders meeting and elected Mr. Joseph Mangiapane, Jr. as a new member to the board of directors. At the time of this filing, the Registrant does not currently have board committees in place but the Registrant may form board committees, in the future. Mr. Mangiapane may serve on one or more of these committees, if and when established.
Following the annual shareholders meeting, the Registrant's board of directors consists of the following members; Joseph Mangiapane, Jr., Terence Davis, Brad Bunch, James Udel, and Craig Triance.
Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year
(a) Amendment to Certificate of Incorporation
On September 6, 2006, at the annual shareholders meeting the Registrant's shareholders approved the amendment to the Registrant's Certificate of Incorporation to change its corporate name to Rubicon Financial Incorporated. Upon approval of its name change, the Registrant intends to file for a symbol change for its common stock currently quoted on the OTC Bulletin Board.
--------------------------------------------------------------------------------
Section 9 - Financial Statements and Exhibits
Item 9.01 Exhibits
EXHIBITS
Exhibit Number Description
3.1(i)(d) Amendment to Certificate of Incorporation Changing Name from ISSG,
Inc. to Rubicon Financial Incorporated
Form 8-K for RUBICON FINANCIAL INC
--------------------------------------------------------------------------------
8-Sep-2006
Change in Directors or Principal Officers, Amendments to Articles of Inc. o
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointments of Principal Officers
(c) Election of a New Officer
On September 6, 2006, the Registrant's board of directors, immediately following its annual shareholders meeting, appointed Mr. Joseph Mangiapane, Jr. as the Registrant's Chief Executive Officer. Mr. Mangiapane does not currently have an employment contract with the Registrant.
Joseph Mangiapane, Jr., is the newest member to ISSG's board of directors and is also its Chief Executive Officer. Mr. Mangiapane has been a senior registered options principal, compliance registered options principal, and a registered representative with Advantage Investment Strategies, Inc., an NASD registered broker/dealer, since 2005. From 2000 to 2004, Mr. Mangiapane owned and managed a restaurant in Orange County, California. From 1992 to 2000, Mr. Mangiapane was a stockholder, senior registered options principal, compliance registered options principal, and a registered representative with Tradeway Securities Group in Irvine, California. From 1987 to 1989, Mr. Mangiapane was an investment banker and senior institutional trader with Paine Webber's Sexton Group, and from 1986 to 1987, he was an investment banker Sexton Group, then a part of Drexel Burnham Lambert. Mr. Mangiapane's father is the sole officer and director of Dial-A-Cup, a wholly owned subsidiary of the Company.
(d) Election of a New Director
On September 6, 2006, the Registrant held its annual shareholders meeting and elected Mr. Joseph Mangiapane, Jr. as a new member to the board of directors. At the time of this filing, the Registrant does not currently have board committees in place but the Registrant may form board committees, in the future. Mr. Mangiapane may serve on one or more of these committees, if and when established.
Following the annual shareholders meeting, the Registrant's board of directors consists of the following members; Joseph Mangiapane, Jr., Terence Davis, Brad Bunch, James Udel, and Craig Triance.
Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year
(a) Amendment to Certificate of Incorporation
On September 6, 2006, at the annual shareholders meeting the Registrant's shareholders approved the amendment to the Registrant's Certificate of Incorporation to change its corporate name to Rubicon Financial Incorporated. Upon approval of its name change, the Registrant intends to file for a symbol change for its common stock currently quoted on the OTC Bulletin Board.
--------------------------------------------------------------------------------
Section 9 - Financial Statements and Exhibits
Item 9.01 Exhibits
EXHIBITS
Exhibit Number Description
3.1(i)(d) Amendment to Certificate of Incorporation Changing Name from ISSG,
Inc. to Rubicon Financial Incorporated
Post of the week, nice Reminder.
re: watch
MBRN / 98%
NNSR / 28%
bid u/t on newbie TFZP .45 X .51
A few up on low volume
HEND, CSFN, AGCI, VHMC, GCPO, BTIM
A few on watch,
NNSR, TFZP(new),VTSI, MBRN, EMTI
lol, well thats a good thing, we can watch the rest 2 C.
I am hoppy to see this board, nice work hoppy.
LGND - Ligand to Sell Oncology Line to Eisai
Friday September 8, 7:21 am ET
Ligand Pharma to Sell Oncology Product Line, Assets to Eisai for $205 Million in Cash
SAN DIEGO (AP) -- Ligand Pharmaceuticals Inc. said Friday it agreed to sell its oncology product line and related assets to Eisai Inc. and Eisai Co. for $205 million in cash.
Teaneck, N.J.-based Eisai and its Tokyo-based unit develop drugs to treat Alzheimer's, acid reflux and convulsions. The sale includes Ligand's four marketed oncology drugs -- Ontak, Targretin capsules, Targretin gel and Panretin gel.
Ontak is FDA-approved to treat persistent or recurrent cutaneous T-cell lymphoma, while Targretin has proven effective as a treatment of cutaneous T-cell lymphoma.
In February 1999, the FDA granted marketing clearance for Panretin gel for the topical treatment of cutaneous lesions of patients with AIDS-related Kaposi's sarcoma.
The deal has been approved by boards of all companies. The sale is expected to close shortly after clearing antitrust review.
Ligand said Eisai will assume all future royalty payment obligations for the products. Eisai will receive all rights to the products worldwide, including related intellectual property and licenses, transfer of product inventory, and patent licenses and supply and distribution agreements.
On Thursday, Ligand agreed to sell U.S. and Canadian rights to its Avinza pain drug to King Pharmaceuticals Inc.
"We have now sold our two commercial operations for total cash consideration of $518 million. With the sale of our commercial operations, Ligand will become a dynamic and highly-specialized R&D and royalty company, said Henry F. Blissenbach, Ligand chairman and CEO.
"By the end of 2006, Ligand expects to have new corporate leadership, to have restructured and narrowly focused its research and development endeavors in order to focus on our most promising compounds, and to minimize its expense structure with a goal to be both earnings and cash-flow positive," added Blissenbach.
Shares closed Thursday at $9.95 on the Nasdaq.
U.S. stock futures edge up, oil at five-month low
Friday September 8, 7:22 am ET
By Chris Sanders
NEW YORK (Reuters) - U.S. stock futures pointed to a slight rebound on Friday after several sessions of losses this week, with steadily declining oil prices seen easing inflation fears.
Oil fell to a new five-month low under $67 on Friday after U.S. distillate supplies rose sharply and BP said it might be able to restore its Alaskan oil field sooner than expected.
In news that may hurt chip makers, National Semiconductor Corp. (NYSE:NSM - News), an analog and power management chip maker, gave an outlook for the current quarter that disappointed Wall Street, sending its stock lower by 3 percent.
Lennar Corporation (NYSE:LEN - News) became the latest home builder to warn of weakness in the U.S. housing market. On Friday it lowered its third-quarter earnings estimate, blaming tough market conditions.
"Nat Semi and Lennar shouldn't catch us by surprise. One is a semiconductor company, the other a home builder and neither sector is going gangbusters here," said Art Hogan, chief market analyst at Jefferies & Co. in New York.
S&P 500 futures (SPc1) were up 0.9 point, above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
Dow Jones industrial average futures (DJc1) were unchanged, and Nasdaq 100 (NDc1) futures fell 0.75 point.
National Semiconductor's stock fell 3.6 percent to $23.50 in after-hours trading as the company's revenue forecast for the fiscal second quarter was short of analysts' average forecast.
On the calendar, Federal Reserve Bank of Cleveland President Sandra Pianalto speaks about inflation at 10 a.m.
(1400 GMT).
Among economic data expected on Friday are the ECRI Weekly Index and consumer credit for July.
U.S. stocks fell on Thursday as signs of housing-market weakness and worries about the outlook for inflation raised fears about interest rates.
But "the ongoing pullback in energy prices is a counterbalance to the inflation fears," Hogan said.
On Thursday, the Dow Jones industrial average (^DJI - News) on Thursday dropped 74.76 points, or 0.66 percent, at 11,331.44 while the Standard & Poor's 500 Index (^SPX - News) fell 6.24 points, or 0.48 percent, at 1,294.02. The Nasdaq Composite Index (NASDAQ:^IXIC - News) was down 12.55 points, or 0.58 percent, at 2,155.29.
RDWR - Radware Seeks to Buyback $25M Shares
Friday September 8, 7:38 am ET
Radware Files With Court to Repurchase Up to $25 Million Shares
NEW YORK (AP) -- Radware Ltd., which makes switching hardware and software, said Friday that it filed a request for court approval to buy back up to $25 million of its shares.
Since reactivating the repurchase program in May, Israel-based Radware repurchased about $10 million of its shares. This amount did not require court approval under Israeli law.
However, Radware filed the request for court approval to facilitate a larger scope of repurchase. The company said it will find the buybacks with available working capital.
As of September 7, 2006, Radware had approximately 19 million shares outstanding.
PAE - Peace Arch Entertainment Signs Broad Multi-Picture Deal With Corus Entertainment's Movie Central
Friday September 8, 6:30 am ET
Leading Canadian Pay TV Service to Pre-License 30 Titles From Peace Arch
TORONTO--(MARKET WIRE)--Sep 8, 2006 -- Peace Arch Entertainment Group Inc. (AMEX:PAE - News) (TSX:PAE.TO - News) announced today that it has signed a multi-picture deal with Corus Entertainment's Western Canadian pay television service, Movie Central. Over the next three years, Movie Central will pre-license 24 new titles from Peace Arch, including movies-of-the-week and feature-length productions.
In addition to the 24-title commitment, Movie Central has pre-licensed the "ManEater" feature films, consisting of six movies that are being co-produced by Peace Arch Entertainment and industry leader RHI Entertainment Distribution LLC.
Peace Arch Entertainment Group CEO Gary Howsam says, "The broad scope of this agreement with Corus clearly illustrates the direction of our company towards creative content partnerships with established and respected industry leaders, coupled with a solid economic vision based on modest risk and steady growth."
Andrew Eddy, Vice President and General Manager of Corus Entertainment's Movie Central says, "This agreement furthers Movie Central's goal of providing our subscribers with more exciting movies and series that they won't find anywhere else. Not only will these productions be exclusive to Movie Central, they'll also be available to viewers on our 24/7 high definition service."
About Movie Central
Movie Central is a 24-hour-a-day, commercial-free premium pay TV service available to Western Canadians. Exclusive multi-year output agreements with major Hollywood studios ensure that Movie Central is the preferred destination for box office titles. In addition to being the first window, Canadian home to the best of HBO and Showtime, through its investments, pre-buys and license fees for Canadian feature films and original series, Movie Central is recognized as a major force in the Canadian independent film and television production industry. The launch of Movie Central On Demand and Movie Central High Definition demonstrates that Movie Central remains committed to being first with innovations that enhance the viewing experience. Visit the Movie Central website at www.moviecentral.ca. Movie Central is owned by Corus Entertainment Inc., a Canadian-based media and entertainment company. Corus is a market leader in specialty television and radio with additional assets in pay television, advertising and digital audio services, television broadcasting, children's book publishing and children's animation. The company's multimedia entertainment brands include YTV, Treehouse, W Network, Movie Central, Nelvana, Kids Can Press and radio stations including CKNW, CKOI and Q107. Corus creates engaging branded entertainment experiences for its audiences across multiple platforms. A publicly traded company, Corus is listed on the Toronto (TSX: CJR-B) and New York (NYSE:CJR - News) exchanges. Experience Corus on the web at www.corusent.com.
About Peace Arch Entertainment Group Inc.
Peace Arch Entertainment Group Inc. is a leading independent producer and distributor of motion pictures, television programming and home entertainment content. The Company's Peace Arch Films division markets and licenses feature films intended for worldwide theatrical release through third party distributors, while its Archetype Films division focuses on DVD and television premieres in the horror, thriller, science fiction and action genres. Peace Arch Television licenses the company's in-house productions and projects acquired from other producers to U.S., Canadian and international broadcasters, cable and satellite companies. Peace Arch Home Entertainment, under the kaBOOM! Entertainment Inc. banner, is one of the leading distributors of DVDs and related products in Canada. Peace Arch recently entered into an agreement to acquire the 500+ title film library of Castle Hill Productions and Dream LLC, which is expected to provide a valuable source of recurring revenue and a foundation for the growth of the Company's core Motion Picture, Television and Home Entertainment businesses. For additional information, please visit www.peacearch.com. For more investor oriented information about Peace Arch Entertainment, visit http://www.trilogy-capital.com/tcp/peace-arch/. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/peace-arch/quote.html. To view an Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/peacearch/factsheet.html. To read a transcript of a recent Peace Arch investor conference call, or listen to an archived recording, please visit http://www.trilogy-capital.com/tcp/peacearch/conference.html.
Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:
Contacts:
Peace Arch Entertainment Group Inc.
Roy Bodner
Vice President public relations
310-450-1711
Email Contact
Trilogy Capital Partners
Paul Karon
Toll-free: 800-592-6067
Email Contact
--------------------------------------------------------------------------------
Source: Peace Arch Entertainment Group Inc.
MNCL - Martin Nutraceuticals Announces It Has Entered Into Talks With Several Wholesale Distributors
Friday September 8, 7:35 am ET
RENO, NV--(MARKET WIRE)--Sep 8, 2006 -- Martin Nutraceuticals Inc. (Other OTC:MNCL.PK - News) -- In keeping with its innovative and unique blend of retail and DRTV marketing Martin Nutraceuticals has entered into talks with several wholesale distributors to distribute its fine line of nutraceutical products.
Martin Nutraceuticals is currently listed with and selling to several recognized retailers such as Familiprix, McKesson, McMahon, Oscar Racine, JMB La Naturiste. "After I was brought onto the Martin team I started approaching several wholesalers in order to complement Martin's already flourishing retail business. It makes excellent business sense and it keeps in line with Martin's innovative thought of constantly trying new styles of marketing," states Robert Ritondo, VP of Sales for Martin Nutraceuticals Inc.
The numerous advantages of wholesale distribution include outright purchases of product, which lowers the company's needs to carry and warehouse excessive inventory, as well as prompt payment with lower receivables. The administration costs are cut substantially due to the centralization of the inventory and a reduction in manpower costs through the servicing of retailers directly from the wholesale distributor. "This will allow our sales team more flexibility to expand new segments of the markets which we have not explored yet. The distributor essentially becomes our partner," states Mr. Robert Ritondo.
"It is this outside the box thinking that has made Mr. Ritondo such an asset to our business," states Harvey Panesar. We are very excited with these new channels that we are developing and it will definitely pay off with increased shareholder value in the future. The wholesaler cuts out the middleman, which allows us to increase our bottom line by eliminating sales agent commissions, warehousing facility fees and bad debt. We will update the marketplace when we have finalized which distributor best suits our needs."
About Martin Nutraceuticals Inc.
Martin Nutraceuticals Inc. is a company focused on providing a better health and lifestyle through natural products. Martin Nutraceuticals flagship products include Arthrizyme(TM) for general joint pain and Oxygenol(TM) for anti-oxidation and Maximum Slim(TM) for weight control.
Arthrizyme(TM) is a unique blend of systemic enzymes proven to rapidly reduce inflammation in joints and muscles. Arthrizyme(TM) is not limited to anti-inflammatory effects; it also assists the body in the healing process by breaking down fibrin in joints and muscles. Arthrizyme(TM) differs from all other natural arthritis remedies and was designed to work for all types of arthritis and in all joints of the body. Arthrizyme(TM) is fast acting, usually improving symptoms within the first few days.
Safe Harbor Statement
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions.
Contact:
Contact Info:
Forrest G. Jackson
Investor Relations International
Toll Free: (909) 657-0316
Email: ir@martinnutra.com
Web: http://www.investorrelationsinternational.biz
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Source: Martin Nutraceuticals Inc.
UDTT - Universal Detection Technology's BSM-2000, Bio-terror Detection Unit, Featured by US Department of Commerce
Thursday September 7, 4:00 pm ET
US DOC's Commercial Service in Singapore to Feature BSM-2000
LOS ANGELES, Sept. 7 /PRNewswire-FirstCall/ -- Universal Detection Technology (OTC Bulletin Board: UDTT; FWB: PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, announced today that it is included in the Commercial Service's list of Featured US Exporters (FUSE) in Singapore.
The US Commercial Service through its offices at the American Embassy in Singapore is pleased to promote UDTT's products. UDTT's information has been posted on the local US Commercial Service website and can be viewed at: http://www.buyusa.gov/singapore/en/featured_us_exporters.html?exp_cat=6010&exp _pid=531.
"This is part of our ongoing marketing effort of our anthrax detector," said CEO, Jacques Tizabi. "Yesterday, President Bush spoke about a foiled anthrax attack by Al-Qaeda, and here in Los Angeles, the city along with the federal government held a large-scale simulation of an anthrax attack on the City of Los Angeles. We are taking these threats seriously and continue marketing our device and services."
FUSE is a directory of US products featured on US Commercial Service websites around the world. It gives US companies an opportunity to target specific markets in the local language of business. Currently, listings are offered to qualified US exporters seeking trade leads or representation in over 50 markets around the world. This service is offered for a fee.
Buyers and importers interested in UDTT's products will contact the US Commercial Service's office for more information and the Company will also receive the prospects' contact information.
About US Commercial Service
The US Commercial Service is a part of the US Department of Commerce and is active in promoting the sales and presence of US companies in various markets around the world. With offices in the US and in several foreign territories the US Commercial Service offers several ways to grow US businesses' international sales. The tasks of the Commercial Service include, and are not limited to, world-class market research, trade events that promote US products or services to qualified buyers, introductions to qualified buyers and distributors, and counseling through every step of the export process.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bio-terrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA has developed a bio-terror 'smoke' detector that detects certain bio hazard substances. For more information, please visit http://www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
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Source: Universal Detection Technology
NAVR - Navarre Corporation Announces Exclusive North American Distribution Agreement With Lofton Creek Records
Thursday September 7, 4:01 pm ET
MINNEAPOLIS, Sept. 7 /PRNewswire-FirstCall/ -- Navarre Corporation (Nasdaq: NAVR - News) a publisher and distributor of a broad range of physical and digital home entertainment and multimedia products, today announced that its Navarre Entertainment Media Division has signed an exclusive distribution agreement with Lofton Creek Records for US and Canadian distribution.
Lofton Creek Records was founded when industry veterans Mike & Martha Borchetta joined forces with Harold & Vicki Shafer in 2002. The label has an impressive list of artists including Keith Bryant, Allison Paige, Daron Norwood, Shawn King, Doug Stone and the highly acclaimed artist Heartland, who's single "I Loved Her First", is currently ranked #9 in spins on BDS SoundScan's Real Time Country Chart and #12 on Billboard's Country Singles Chart. Their album, also entitled I Loved Her First, will be released on October 10, 2006.
Bob Freese, Vice President and General Manager of Navarre Entertainment Media, stated, "Right from the beginning we were impressed with Lofton Creek Records' talented list of artists as well as their experienced management team. Their music coupled with our marketing and supply chain expertise is an ideal combination to build Lofton Creek Records' brand in the marketplace. Our first release from the artist Heartland is already highly anticipated by country music fans everywhere. We look forward to a long and fruitful relationship with the folks at Lofton Creek."
"We at Lofton Creek are extremely excited about our new partnership with Navarre for distribution of our music. It is a dream come true to work with a company this organized and professional. All the more exciting because we are coming through the door with Heartland, the most promising new act in country music today. I am looking forward to a wonderful working relationship and selling a lot of music with Navarre," replied Mike Borchetta, President of Lofton Creek Records.
About Navarre Corporation
Navarre Corporation (Nasdaq: NAVR - News) is a publisher and distributor of physical and digital home entertainment and multimedia products, including PC software, CD audio, DVD and VHS video, video games and accessories. Since its founding in 1983, the company has established distribution relationships with customers across a wide spectrum of retail channels which includes mass merchants, discount, wholesale club, office and music superstores, military and e-tailers nationwide. The company currently provides its products to over 19,000 retail and distribution center locations throughout the United States and Canada. Navarre has expanded its business to include the licensing and publishing of home entertainment and multimedia content, primarily through the acquisitions of Encore Software, BCI, and FUNimation. For more information, please visit the company's web site at http://www.navarre.com .
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Source: Navarre Corporation
LVLT - Level 3 Completes Sale of Software Spectrum Subsidiary for Total Proceeds of $353 Million
Thursday September 7, 4:17 pm ET
BROOMFIELD, Colo., Sept. 7 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc. (Nasdaq: LVLT - News) today announced that it has completed the sale of its wholly owned subsidiary, Software Spectrum, to Insight Enterprises, Inc., (Nasdaq: NSIT - News), a leading provider of information technology products and services. Software Spectrum is a leading reseller of business software and mobility solutions to large- and medium-sized organizations.
Level 3 received total proceeds of $353 million in cash, consisting of $287 million in purchase price and approximately $66 million in a working capital adjustment. The purchase price is subject to certain post-closing adjustments.
About Level 3 Communications
Level 3 (Nasdaq: LVLT - News), an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that enable Level 3's customers to meet their growing demands for advanced communications solutions. The company's Web address is www.Level3.com.
The Level 3 logo is a registered service mark of Level 3 Communications, Inc. in the United States and/or other countries. Level 3 services are provided by a wholly owned subsidiary of Level 3 Communications, Inc.
Forward-Looking Statement
Some of the statements made by Level 3 in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: increasing the volume of traffic on Level 3's network; developing new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technology and information systems to support new products and services, including voice transmission services; stabilizing or reducing the rate of price compression on certain of our communications services; integrating strategic acquisitions; attracting and retaining qualified management and other personnel; ability to meet all of the terms and conditions of our debt obligations; overcoming Software Spectrum's reliance on financial incentives, volume discounts and marketing funds from software publishers; and reducing downward pressure of Software Spectrum's margins as a result of the use of volume licensing and maintenance agreements. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors.
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Source: Level 3 Communications, Inc.
ANOR - AnorMED shares begin trading on NASDAQ
Thursday September 7, 5:11 pm ET
VANCOUVER, Sept. 7 /PRNewswire-FirstCall/ - AnorMED Inc. (NASDAQ:ANOR - News; TSX:AOM - News) today announced that its common shares will begin trading on September 8, 2006 on the NASDAQ Global Market of the NASDAQ Stock Market, Inc. under the symbol "ANOR".
Concurrent with trading on NASDAQ, AnorMED's common shares have been de-listed from the American Stock Exchange.
Bill Adams, AnorMED's Chief Financial Officer, said the Company believes that transferring its listing to NASDAQ will provide the Company with broader exposure to a larger base of U.S. institutional and retail investors. "We are confident that a NASDAQ listing will help the Company increase its profile with the world's leading biotechnology investors," said Adams.
AnorMED shares will continue to trade on the Toronto Stock Exchange (TSX) in addition to NASDAQ. The Company intends to maintain both listings.
More information and where to find it
On September 5, 2006, AnorMED filed with the United States and Canadian securities regulatory authorities a Directors' Circular and Tender Offer Solicitation/Recommendation Statement on Schedule 14D-9 in which AnorMED's Board of Directors recommended that shareholders reject the September 1, 2006 hostile offer from Dematal Corp., a wholly-owned subsidiary of Genzyme Corporation. The Circular describes the reasons for the Board's recommendation that shareholders reject the Genzyme Offer. Investors and shareholders are strongly advised to read the Directors' Circular and Tender Offer Solicitation/Recommendation Statement on Schedule 14D-9, as well as any amendments and supplements to those documents, because they contain important information. Investors and shareholders may obtain a copy of the Directors' Circular at www.sedar.com and the Tender Offer Solicitation/Recommendation Statement on Schedule 14D-9 from the SEC website at www.sec.gov. Free copies of these documents can also be obtained by directing a request to AnorMED's Secretary at Suite 200 - 20353 64th Avenue, Langley, British Columbia, Canada V2Y 1N5; telephone (604) 530-1057. Other reports filed by or furnished by AnorMED to the SEC and applicable securities commission in Canada may also be obtained free of charge at www.sec.gov, www.sedar.com or from AnorMED's Secretary. More information about AnorMED is available online at www.anormed.com. YOU SHOULD READ THE DIRECTORS' CIRCULAR OR TENDER OFFER SOLICITATION/RECOMMENDATION STATEMENT CAREFULLY BEFORE MAKING A DECISION CONCERNING THE GENZYME OFFER.
About AnorMED Inc.
AnorMED is a chemistry-based biopharmaceutical company focused on the discovery, development and commercialization of new therapeutic products in the areas of hematology, oncology and HIV, based on the Company's research into chemokine receptors.
The Company's product pipeline includes MOZOBIL, currently in pivotal Phase III studies in cancer patients undergoing stem cell transplants; AMD070, currently in proof of principle Phase I/II studies in HIV patients; and several novel classes of compounds in pre-clinical development that target specific chemokine receptors known to be involved in a variety of diseases.
Upcoming product announcements
AnorMED expects to release in the first half of 2007, top-line data from two pivotal Phase III studies for the use of MOZOBIL in cancer patients undergoing stem cell transplantation. Based on successful results of these studies, the Company plans to file a new drug application ("NDA") for marketing approval with the FDA in the second half of 2007 and with Canadian and European regulators in 2008. Additional data relating to MOZOBIL is expected to be presented at the American Society of Hematology ("ASH") meeting scheduled to be held in Orlando, Florida from December 9 to 13, 2006.
In the next few months, the Company also expects to initiate clinical studies for MOZOBIL for use as a chemosensitizer for treatment of leukemia patients. In February 2007, the Company expects to present updated clinical data on the development of AMD070 in HIV patients at the Conference on Retroviruses and Opportunistic Infections ("CROI") scheduled to be held in Los Angeles, California.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, and forward looking information within the meaning of applicable securities laws in Canada, (collectively referred to as "forward-looking statements"). Statements, other than statements of historical fact, are forward-looking statements and include, without limitation, statements regarding the Company's strategy, future operations, timing and completion of clinical trials, prospects and plans and objectives of management. The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify forward-looking statements, which include underlying assumptions, although not all forward-looking statements contain these identifying words. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other things contemplated by the forward-looking statements will not occur. We caution readers not to place undue reliance on these statements as a number of important factors could cause our actual results to differ materially from the beliefs, outlooks, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements.
Although our management believes that the expectations represented by such forward-looking statements are reasonable, there is significant risk that the forward-looking statements may not be achieved, and the underlying assumptions thereto will not prove to be accurate. Forward-looking statements in this news release include, but are not limited to, statements about: the listing of AnorMED's common shares on NASDAQ and the expected timing thereof; broader exposure to a larger base of U.S. institutional and retail investors created by AnorMED's NASDAQ listing; AnorMED's increased profile with the world's leading biotechnology investors as a result of its NASDAQ listing; AnorMED's expectation that it will continue to trade on the TSX and NASDAQ; AnorMED's expected release in the first half of 2007 of top-line data and successful results from two pivotal Phase III studies for the use of MOZOBIL in cancer patients undergoing stem cell transplantation; AnorMED's plans to file a NDA for marketing approval with the U.S. FDA in the second half of 2007 and with Canadian and European regulators in 2008; AnorMED's expectation that in the next few months it will initiate clinical studies for MOZOBIL for use as a chemosensitizer for treatment of leukemia patients; AnorMED's expectation that it will present additional data relating to MOZOBIL at the ASH meeting to be held in Orlando, Florida from December 9 to 13, 2006; and AnorMED's expectation that it will present updated clinical data on the development of AMD070 in HIV patients at the CROI meeting to be held in Los Angeles, California in February 2007.
With respect to the forward-looking statements contained in this news release, the Company has made numerous assumptions regarding, among other things: AnorMED's ability to successfully de-list from the AMEX and satisfy the conditions required by NASDAQ for listing its common shares; AnorMED's ability to benefit from broader exposure to a larger base of U.S. institutional and retail investors created by a NASDAQ listing; AnorMED's ability to increase its profile with the world's leading biotechnology investors as a result of its NASDAQ listing; AnorMED's ability to meet the regulatory requirements to continue trading on the TSX and NASDAQ; AnorMED's ability to release in the first half of 2007 top-line data from its two pivotal Phase III studies for the use of MOZOBIL in cancer patients undergoing stem cell transplantation; AnorMED's ability to file a NDA for marketing approval with the U.S. FDA in the second half of 2007 and with Canadian and European regulators in 2008; AnorMED's ability to initiate its clinical studies for MOZOBIL for use as a chemosensitizer for treatment of leukemia patients in the next few months; AnorMED's ability to present additional data relating to MOZOBIL in December 2006; and AnorMED's ability to present updated data on the development of AMD070 in HIV patients in February 2007. The foregoing list of assumptions is not exhaustive.
Actual results or events could differ materially from the plans, intentions and expectations expressed or implied in any forward looking statements, including the underlying assumptions thereto, as a result of numerous risks, uncertainties and other factors including: AnorMED may not have the ability to successfully de-list from the AMEX and satisfy the conditions required by NASDAQ for listing its common shares; the complexity and expense of maintaining a NASDAQ listing; AnorMED may not have the ability to benefit from broader exposure to a larger base of U.S. institutional and retail investors created by its NASDAQ listing; AnorMED may not have the ability to increase its profile with the world's leading biotechnology investors as a result of its NASDAQ listing; AnorMED may not have the ability to meet the regulatory requirements to continue trading on the TSX and NASDAQ; AnorMED may not have the ability to release in the first half of 2007 top-line data from its two pivotal Phase III studies for the use of MOZOBIL in cancer patients undergoing stem cell transplantation; AnorMED may not have the ability to file a NDA for marketing approval with the U.S. FDA in the second half of 2007 and with Canadian and European regulators in 2008; AnorMED may not have the ability to initiate its clinical studies for MOZOBIL for use as a chemosensitizer for treatment of leukemia patients in the next few months; AnorMED may not have the ability to present additional data relating to MOZOBIL in December 2006; AnorMED may not have the ability to present updated data on the development of AMD070 in HIV patients in February 2007; AnorMED may not be able to develop and obtain regulatory approval for MOZOBIL in stem cell transplant indications and any future product candidates in its targeted indications; AnorMED may not be able to establish marketing and sales capabilities for launching MOZOBIL in stem cell transplant indications; the costs of any future products in AnorMED's targeted indications may be greater than anticipated; AnorMED relies on third parties for the continued supply and manufacture of MOZOBIL; AnorMED may face unknown risks related to intellectual property matters; AnorMED may face competition from other pharmaceutical or biotechnology companies; and further equity financing may substantially dilute the interests of our shareholders.
Although we have attempted to identify the forward-looking statements, the underlying assumptions, and the risks, uncertainties and other factors that could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements, there may be other factors that cause actual results or events to differ from those expressed or implied in the forward-looking statements. We undertake no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, after the date hereof, except as may be required by law.
CONTACT: Company Contact: W.J. (Bill) Adams, CA, Chief Financial Officer, Tel: (604) 530-1057, Email: wjadams@anormed.com; or Kim Nelson, Ph.D., Manager, Investor Relations, Tel: (604) 532-4654, Cell: (604) 614-2886, Email: knelson@anormed.com; Media Contact: Karen Cook, James Hoggan & Associates, Tel: (604) 739-7500, Email: kcook@hoggan.com
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Source: AnorMED Inc.
NEGI - American Real Estate plans to sell NEG unit for $1.5 bln
Thu Sep 7, 2006 5:38pm ET
UPDATE 1-Icahn's AREP says plans to sell NEG unit for $1.5 bln
American Real Estate plans to sell NEG unit for $1.5 bln
American Real Estate Partners 2nd-qtr profit soars
More Company News... Email This Article | Print This Article | Reprints [-] Text [+]
Sept 7 (Reuters) - American Real Estate Partners LP (ACP.N: Quote, Profile, Research) on Thursday said it signed a letter of intent to sell its NEG Oil & Gas LLC unit to Riata Energy Inc. for about $1.52 billion in cash and stock.
The deal, which gives Riata a 70-day exclusive period to acquire NEG, will see Riata issuing 12.8 million shares of its common stock at $19 per share to AREP, while the remainder of the price is paid in cash, AREP said in a statement.
Riata would also assume up to $300 million of debt of NEG Oil & Gas and get $50 million in cash, it said. (Reporting by Anthony Kurian in Bangalore)
CCCN - City Capital Expands Into Oil and Gas Production Through Acquisition of Montreal Beneficial, Now Goshen Energy Resources, Inc.
Friday September 8, 6:00 am ET
MENDOTA HEIGHTS, MN--(MARKET WIRE)--Sep 8, 2006 -- Today City Capital Corporation (OTC BB:CCCN.OB - News) announced the acquisition of Montreal Beneficial, Inc., a Dallas-based group with over 100 years experience in oil and gas operations. A Nevada corporation in the name of Goshen Energy Resources, Inc., "Goshen," was created for this transaction. City Capital owns 600,000 shares and Montreal Beneficial owns 400,000 shares of Goshen. Goshen will engage in the buying, selling and drilling of oil and gas properties in South Louisiana, and mineral leases in the Northern portion of the Ft. Worth Basin Barnett Shale Play.
Through this acquisition, Goshen owns 25 percent working interest in a West Delta gas producing offshore platform in Louisiana. It plans to purchase the remaining interest from the current owners.
In commenting on the acquisition, Terry Wilson, President & CEO of Montreal Beneficial, stated, "We were impressed with City Capital's powerful and aggressive approach towards fulfilling consumer demands in the economy, whether in affordable housing or otherwise. This joining of forces will allow us to combine the financial and management strength of City Capital, with our team's years of oil and gas industry experience, to take full advantage of current and future energy needs."
Ephren Taylor, CEO and Director of City Capital Corporation (OTC BB:CCCN.OB - News), added, "Montreal Beneficial is an impressive group that brings over 100 years of experience in the oil and gas arena. The formation of Goshen with an experienced team once again shows our strategy of combing profitable investments, capable management and creative capital."
Likewise, Harvey Lynch, the Business Development Consultant that engineered the marriage of the two companies, recognized the dynamics of City Capital, a Business Development Company, and Montreal Beneficial. "From 30 years in oil & gas industry capital management, as well as operational management, I feel the resources of City Capital are ideally suited to allow Goshen to act on many of the opportunities Montreal Beneficial has in place."
Montreal Beneficial, Inc., together with its wholly owned subsidiary Matador Energy, LLC, was formed in September of 2000 to acquire existing oil and gas properties in South Louisiana and mineral leases in the Northern portion of the Ft. Worth Basin Barnett Shale Play.
City Capital Corporation (OTC BB:CCCN.OB - News) is a Business Development Company (BDC) authorized by Section 54(a) of the Investment Company Act of 1940 to make loans and equity investments in developing business enterprises. City Capital currently manages the day-to-day development process for the Kansas City (Missouri) Historic Jazz District.
This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties, including those described in the Company's annual report on Form 10-KSB for the year ended December 31, 2005, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements.
Contact:
Contact:
City Capital:
http://www.citycapitalcorp.net
ir@citycapitalcorp.net
877-367-1463
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Source: City Capital Corp.
SCOP - Scopus Strengthens Dominant Position in DTH Romanian Market With DCS Win
Friday September 8, 4:45 am ET
IBC, AMSTERDAM, Netherlands, Hall 1, Booth # 339, September 8 /PRNewswire-FirstCall/ -- Scopus Video Networks (NASDAQ:SCOP - News), a provider of digital video networking products, today announced that Digital Cable System (DCS), a consortium of Romanian cable companies, has selected Scopus digital broadcast platforms to support the expansion of its Direct-To-Home service ("MAX-TV") serving the Romanian market.
DCS is deploying three Scopus systems in two main headends, both located in Bucharest. All three systems support more then 50 channels that comprise MAX-TV's DTH service. In addition, DCS is using the systems to generate additional revenue by offering non-consortium broadcasters fee-based content delivery services.
The headends integrate Scopus E-1200 encoders in a statistical multiplexing environment, IVG-7100 and IVG-7300 Intelligent Video Gateway (IVG) platforms, and Network Management System software. The versatile IVG platforms provide advanced video processing capabilities including Joint TransratingTM, grooming and bit rate shaping.
According to Mr. Mihai Springer, CTO at DCS, "The new headends enable us, as cable and DTH operators, to engage in more initiatives and enhance our competitive advantages. The systems improve our capabilities by adding more channels and service offerings and work with a large number of Conditional Access Systems (currently using 4 systems), which is exactly what our members require. The combination of the IVG's advanced processing capabilities with Scopus' professional technical support services was a major incentive for DCS to choose Scopus as its only digital headend provider."
Mr. Eitan Koter, Scopus' Vice President of Sales, stated, "Early on, we identified Romania as a growing market. The fact that the majority of Romanian DTH operators are deploying Scopus platforms reinforces our leading position in this market."
About DCS:
Digital Cable System (DCS) is a consortium of companies that focuses on providing Direct-to-Home (DTH) satellite TV services. Founded in 2005, DCS includes about 30 Romanian TV cable companies, which have been active on the local market for 5-10 years. DCS launched the MAX TV platform on 1st July 2005 and has realized in 12 months more than 40.000 subscribers with 80.000 subscribers as target for the end of 2006 year.
Max TV is a Digital Cable System product and trade mark. It is a new satellite reception system that includes a selection of subscription-based channels.
MAX TV broadcast 50 channels on two transponders: Sirius 2 and Eutelsat W2. Using simulcrypt with other channels on HOTBIRD, the offer increase now with other 3 more channels and will continue to grow in this direction.
The success of MAX TV platform has as a key component the different way of making. DCS built two uplink stations in different sites at Buftea at Mediapro Studios respective ICPE in Bucharest to ensure redundancy in case of flaw or bad weather conditions. Is is the only DTH platform with uplink on two satellites Sirius2 and Eutelsat W2 with great neighborhood of Hotbird satellites and also the only one using two Conditional Access systems - Viaccess and Conax.
The channels offering is completed by additional 400 channels with no additional costs. It is the only open platform - DCS choose Viaccess as conditional access system and let the subscriber to choose from a large variety of receivers. Another key component of the big success is the distribution network on the country, MAX TV now has more than 600 dealers all over the country.
"Entertainment services enter a new dimension these days. Starting today, TV viewers can enjoy their favorite shows anywhere through direct, wireless satellite access. This is part of our efforts to meet the needs of people living in remote areas that cannot be reached by terrestrial means. We also have in mind the people on the move who want to stay informed and have access to entertainment wherever they are," Gheorghe Minea, DCS Chairman, said.
About Scopus Video Networks:
Scopus Video Networks (NASDAQ:SCOP - News) develops, markets, and supports digital video networking products that enable network operators to offer advanced video services to their subscribers. Scopus' products support digital television, HDTV, live event coverage, and content distribution.
Scopus provides a comprehensive digital video networking product offering, including intelligent video gateways, encoders, decoders, and network management products. Scopus' products are designed to allow network operators to increase service revenues, improve customer retention, and minimize capital and operating expenses.
Scopus' customers include satellite, cable, and terrestrial operators, broadcasters and telecom service providers. Scopus' products are used by hundreds of network operators worldwide.
For more information visit: www.scopus.net
Contacts:
Scopus' Corporate Contact - Rinat Yeffet
Tel. +972-3-9007767, rinaty@scopus.net
PR Agency: Shuman & Associates
Tel. +1-812-272-2596, joshs@shumanpr.com
This press release contains forward-looking statements concerning our marketing and operations plans. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. All forward-looking statements in this press release are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These statements involve a number of risks and uncertainties including, but not limited to, risks related to the evolving market for digital video in general and the infancy of the video-over-IP in particular and the ability to successfully demonstrate to service providers integrated solutions such as the one described here, general economic conditions and other risk factors. Scopus does not undertake any obligation to update forward-looking statements made herein.
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Source: Scopus Video Networks Ltd
CNR - CanArgo Energy Corporation: Kazakhstan Project- Interim Financing Closed
Thursday September 7, 7:58 pm ET
OSLO, NORWAY--(MARKET WIRE)--Sep 7, 2006 -- CanArgo Energy Corporation ("CanArgo") (OSE: CNR) (AMEX:CNR - News) today announced that its wholly owned subsidiary, Tethys Petroleum Investments Limited ("Tethys"), has completed a US$5 million interim financing to fund its development activities in Kazakhstan ahead of the planned spin-off and flotation of Tethys later this year.
The financing is in the form of the issue of US$5 million senior secured notes (the "Notes") redeemable August 31, 2008. Tethys has the ability to prepay the Notes and the Notes are to be automatically prepaid in the event of a flotation of Tethys. The proceeds of this financing are intended to be used to finance, through Tethys's 70% owned Kazakh subsidiary BN Munai LLP, the development of the Kyzyloi gas field west of the Aral Sea, primarily for the purchase of line pipe, compressors and related equipment and services.
The loan note holders will also receive warrants to acquire ordinary shares in the capital of Tethys or, at the discretion of Tethys, a royalty in respect of production. The number of shares into which the warrants convert is dependent on the timing of the proposed flotation and the flotation price.
Kazakh operations update
In Kazakhstan, purchase orders have now been placed for pipe for the 52 km (32 mile) export pipeline, infield lines and the compressors necessary to pressure up the gas for delivery into the main Bukhara - Urals gas trunkline. The construction contract has been awarded and it is expected that pipeline construction will commence next month with delivery of the compressors planned for January 2007. The initial Kyzyloi development involves production from eight already tested gas wells on the Kyzyloi & NE Kyzyloi Fields, with the subsequent addition of recent exploration discoveries. First gas is expected in Q1 2007 with an initial planned rate of approximately 22 million cubic feet (625,000 cubic metres) of gas per day. Tethys believes that this is the first non-state dry gas development undertaken in Kazakhstan.
Work is also proceeding on further exploration for shallow gas in the Akkulka exploration area around the Kyzyloi Field. A contract has now been awarded to drill five further exploration / appraisal wells on identified shallow gas prospects this year, with the drilling program expected to commence shortly. Plans are also underway to commence a deeper exploration drilling program in early 2007 targeting potential oil prospects in the Akkulka area.
CanArgo is an independent oil and gas exploration and production company with its oil and gas operations currently located in the Republic of Georgia and in Kazakhstan.
The matters discussed in this press release include forward-looking statements, which are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward-looking statements. Such risks, uncertainties and other factors include the uncertainties inherent in oil and gas development and production activities, the effect of actions by third parties including government officials, fluctuations in world oil prices and other risks detailed in the Company's reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission. The forward-looking statements are intended to help shareholders and others assess the Company's business prospects and should be considered together with all information available. They are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company cannot give assurance that the results will be attained.
Contact:
Contacts:
CanArgo Energy Corporation (USA)
Sabin Rossi
VP External Affairs and Investor Relations
(617) 669-1841
(617) 973-6406 (FAX)
Email: sabin@canargo.com
Gambit H&K AS (NORWAY)
Regina Jarstein
+47 (22) 048206
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Source: CanArgo Energy Corporation
FCSE - Focus Enhancements Demonstrates Media Asset Management for Panasonic MXF File Formats at IBC
Friday September 8, 4:00 am ET
ProxSys Media Server Streamlines Media Asset Management and Offers an Unprecedented Storage Price Point to Effectively Manage Terabytes of Digital HD Media
AMSTERDAM, THE NETHERLANDS--(MARKET WIRE)--Sep 8, 2006 -- IBC -- Focus Enhancements, Inc. (NASDAQ:FCSE - News), a worldwide leader in media acquisition, management and delivery technology, today announced that it will demonstrate, for the first time, a new ProxSys Media Server® media asset management (MAM) solution that supports Panasonic's MXF file format structure.
New Panasonic HD/SD shoulder mount and portable video cameras utilize digital tapeless acquisition formats and record to Panasonic's P2 digital media cards and Focus Enhancements' FS-100 Direct To Edit® (DTE) recorders in the Panasonic MXF file structure. MXF includes media, thumbnails, timecode, and other sorts of specific clip information. ProxSys preserves this data structure from ingest, search, to playout, in addition to generating bandwidth-economical MPEG-4 proxy files to facilitate searching and collaboration.
"Many Panasonic P2 customers have already dramatically streamlined their HD acquisition workflow with our FS-100 Direct To Edit recorders," said Michael Conway, Sr. VP of Corporate Strategy and Development. "Our new ProxSys variant offers DVCPRO and DVCPROHD native support, P2 metadata continuity, and extends the workflow advantages to online storage and playout."
Focus Enhancements will highlight the Panasonic/ProxSys demonstration at IBC from September 8 - 12 in stand number 9.431. IBC is the leading event for professionals involved in the creation, management and delivery of entertainment content.
ProxSys Media Server provides comprehensive and optimized media asset management solutions, which enable customers to organize rich multi-format media, including HD content, via standard Web browsers. ProxSys is designed for medium- and large-scale deployments in a wide range of video-driven applications, including broadcast archive and play-out, TV monitoring, medical, sports analysis, education and training, and video archiving. It is an integrated solution specifically designed for managing and leveraging media assets in the video-driven business paradigm -- giving work groups unprecedented levels of access and immediacy, without the tier one price tag.
ProxSys replaces the need to manually manage volumes of dispersed analog and digital videotapes, CD-ROMs, audio CDs, and digital images within the organization, creating a seamless workflow environment. ProxSys manages terabytes of low- and high-resolution video, audio, images, documents, and data from a simple web browser interface, allowing quick preview and access to clips from any location over the Internet.
ProxSys Media Server is available now through Focus Enhancements' worldwide dealer and distributor networks starting at $25,000 MSRP. For more information, please visit http://www.focusinfo.com.
About the FS-100
The FireStore FS-100 Direct To Edit® recorder interfaces with the Panasonic AG-HVX200 camcorder using a single FireWire cable that passes audio, video, timecode, and control information, allowing users to simultaneously record to disk and P2 cards. It also includes a comprehensive backlit display, menu system, and buttons that provide easy control and management.
When in DVCPRO HD or DVCPRO 50 mode, files are recorded to disk in P2 MXF format. When in DVCPRO/DV mode, files are recorded as RawDV, AVI Type 1, AVI Type 2, AVI Type 2 24p, Matrox AVI, Canopus AVI, QuickTime, QuickTime 24p, Avid OMF, Pinnacle AVI, or P2 MXF file formats. Users then connect the FireStore FS-100 to a Mac or PC editing system like a normal FireWire hard disk drive for instant editing -- without capturing, file transfer, or file conversion.
About Focus Enhancements, Inc.
Focus Enhancements Inc. (NASDAQ:FCSE - News), headquartered in Campbell, CA, is a leading designer of world-class solutions in advanced, proprietary video and wireless video technologies. The company's Semiconductor Group develops integrated circuits (ICs) for high-performance applications in the video convergence market, including IPTV set-top boxes and portable media players. Focus Enhancements is currently developing a wireless IC chip set based on the WiMedia UWB standard and designed to be compatible with Wireless USB, and used in personal computer (PC), consumer electronics (CE), and mobile electronics applications. The company's Systems Group develops video products for the digital media markets, with customers in the broadcast, video production, digital signage and digital asset management markets. More information on Focus Enhancements may be obtained from the company's SEC filings, or by visiting the Focus Enhancements home page at http://www.focusinfo.com.
Safe Harbor Statement
Statements in this press release which are not historical including statements regarding management's intentions, hopes, expectations, representations, plans or predictions about the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Factors that could cause actual results to differ materially include the risk factors specified in the company's Form 10-K for the year ended December 31, 2005, Form 10-Q for the periods ended March 31, 2006 and June 30, 2006, as well as other filings with the SEC. These statements are based on information as of September 08, 2006 and the company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
© 2006 Focus Enhancements Inc All rights reserved. ProxSys is a registered trademark of Focus Enhancements Inc.
Contact:
Focus Investors:
Kirsten Chapman
Lippert/Heilshorn & Assoc.
415.433.3777
Email Contact
European Contact:
Frithjof Becker
COMO Computer & Motion GmbH
+ 49-4307-8358 0
Email Contact
FOCUS Enhancements:
Shaun McTernan
Focus Enhancements, Inc.
843.836.3627
Email Contact
FocusPublic Relations:
Ramin Ekhtiar
FutureWorks, Inc.
408.428.0895 ext 102
Email Contact
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Source: Focus Enhancements
GRRF - China GrenTech Wins 2008 Beijing Olympics Stadiums bid
Friday September 8, 5:30 am ET
SHENZHEN, China, Sept. 8 /Xinhua-PRNewswire/ -- China GrenTech Corporation Limited (Nasdaq: GRRF; '' the Company''), a leading developer of radio frequency (''RF'') technologies, a leading provider of wireless coverage products and services and a base station RF products provider in China, today announced that it has won a bid to build indoor wireless coverage systems at the Olympic Games stadiums in Beijing, starting construction in the fourth quarter of 2006. China GrenTech will provide turnkey solutions, including equipment and related services, for the indoor coverage systems supporting GSM and next generation (''3G'') mobile networks at the stadiums. GrenTech believes that it will secure a very substantial share of this important project.
''As the sole provider of mobile communication services at the 2008 Beijing Olympics Games, China Mobile will offer exclusive digital cellular and next-generation mobile communication services at the stadiums,'' said Mr. Wang, head of the procurement division at Beijing Mobile Communication Limited (''China Mobile''), who was responsible for the bidding process. ''There are altogether over 40 stadiums with different architecture styles. The complex structure of the stadiums will require sophistication in the design and construction of the networks coverage, and therefore the supplier selection process was a critical phase of the project. Extensive experience in organizing and executing large-scale construction projects and service team expertise were crucial requirements in selecting suppliers, in addition to first-class equipment performance and sophisticated design skills. Furthermore, as the Olympic stadiums will offer 3G coverage, the ability of selected manufacturers to develop and manufacture 3G products was a key concern.''
As a leading provider of wireless coverage products and services in China, GrenTech offers customer-tailored wireless coverage solutions to its clients. At the beginning of 2006, GrenTech began discussing indoor coverage solutions for the Olympic stadiums in Beijing with China Mobile. Considering the specific architectural characteristics of each stadium, GrenTech has developed low-power fiber optic repeaters and 3G wireless coverage equipment suitable for long-span structures. GrenTech has long established a solid collaborative relationship with China Mobile. Since 2001, GrenTech has completed over 6,000 wireless coverage projects for China Mobile, a major client of GrenTech accounting for 33.8% of GrenTech's total turnover in 2005. Although construction for the project will begin in the fourth quarter of 2006, the company is unlikely to recognize a significant amount of revenue in 2006.
''Providing indoor wireless coverage solutions at the 2008 Beijing Olympics stadiums is a momentous project with historic significance. Being selected as the partner of China Mobile for the Olympics telecommunication network construction project is a testament to China Mobile's confidence in our R&D capabilities and project management skills in wireless coverage products,'' said Mr. Yingjie Gao, President and CEO of China GrenTech. ''This successful bid not only provides a significant business opportunity for GrenTech, but will also enhance its brand and status in the industry, laying the ground for future cooperation on 3G coverage projects.''
About China GrenTech
GrenTech is a leading developer of RF technology in China and a leading provider of wireless coverage products and services to telecommunication operators in China and overseas. The Company uses RF technology to design and manufacture wireless coverage products, which enable telecommunication operators to expand the reach of their wireless communication networks to indoor area and outdoor areas, such as buildings, highways, railways, tunnels and remote regions. GrenTech's wireless coverage services include design, development, and installation and project warranty services. The Company also tailors the design and configuration of its wireless coverage products to the specific requirements of its customers.
Based on its in-house RF technology platform, the company also develops and produces base station RF parts and components sold to base station manufacturers. China GrenTech is a qualified supplier of RF parts and components to five major base station manufacturers such as Huawei Technologies, ZTE etc. For more information, please visit our website at http://www.GrenTech.com.cn .
For investors and media enquires, please contact:
Mr. Qingchang Liu
China GrenTech Corporation Limited
Tel: +86-755-8350-1796
Email: investor@powercn.com
Mr. Tip Fleming
Christensen
Tel: +1-917-412-3333
Email: tfleming@ChristensenIR.com
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Source: China GrenTech Corporation Limited
OK kiddo, hope all is well.
PLMA was up 122% when I posted that, now 11% lol
PLMA, getting jiggy
Yes, u/t on 10k, gotta love NITE
SLJB - Steve Sulja, Outgoing CEO of Sulja Bros. Building Supplies Ltd., Announces Decision to Step Down in Favour of New CEO
Thursday September 7, 2:37 pm ET
WINDSOR, ON--(MARKET WIRE)--Sep 7, 2006 -- Sulja Bros. Building Supplies Ltd. (Other OTC:SLJB.PK - News) outgoing CEO welcomes the appointment of new CEO.
Former CEO Steve Sulja, in context to new developments with SLJB, stated today, "I would like to take this opportunity to congratulate Petar Vucicevich as the new CEO of Sulja Bros. Building Supplies Ltd. My decision to resign was made after long deliberations with all members of the Sulja board. I feel that Mr. Vucicevich will better serve the direction of this corporation in its international growth. His experience in dealing with companies internationally will surely benefit Sulja Bros. Mr. Vucicevich asked me to stay behind as a consultant during this time and I will gladly accept this position. Mr. Vucicevich has the support of the entire Sulja organization here and abroad, and I ask all shareholders, members of the board and management and clients to show Mr. Vucicevich the same support you had extended to me in the past. I expect great things for Sulja and plan to work closely with Mr. Vucicevich. I believe all shareholders will be pleased with Mr. Vucicevich's professionalism and no nonsense approach. I thank you all again for all your support and wish everyone the best."
A spokesperson on behalf of Sulja Bros. stated, "We support Steve's decision to resign in favour of Mr. Vucicevich and look forward to working closely with him in his new capacity."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Contact:
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Source: Sulja Bros. Building Supplies Ltd.
Notice I did not give u any investment advice? lol
U go girl...!
Hey great news, you can now all post
private meesages on iHub...
http://www.investorshub.com/boards/read_msg.asp?message_id=13156425
buckeye, (jerk) thanx for yours, skinlvr, bobbrainey, SPIN, fringe and a few other jerks,
it has made my decision final...
y'all can find another moderator to play babysitter for those that act like they are still in kintergarden.
Matt,
here is a post you can look at...
http://www.investorshub.com/boards/read_msg.asp?message_id=13155643
since I have been banging my head on the wall with no backing from admin, I request you remove me as moderator from SLJB
final and last request.
what do I care if it turns into RB....!
Thanx skinluvr, that helps me in my final decision.