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.<font color=red>Pay Attention
Don't know why I bother,
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Great asus...
chiphldr no longer is pumping here so he uses you and others to do it for him.
you forgot to mention chippy told me you were neighbors and friends...go figure.
shaking my head
SYEV chart...
ohiobuckkeye,
consensus has it...
NO football, no sports, NO O/T.....!
even though I ask continually for all not to post O/T
you tell me to lighten up.
http://www.investorshub.com/boards/read_msg.asp?message_id=13153384
To the board, sorry to take up the space but better than I having to go through many post day after day to delete the stupid O/T crap.
Wall Street seen down again on rate worries
Thursday September 7, 6:28 am ET
PARIS (Reuters) - U.S. shares are expected to fall on Thursday as investors wrestle with worries about inflation, interest rates and economic growth, with economically sensitive sectors such as technology likely to be hurt again.
Investors awaited comments by Federal Reserve Bank of San Francisco President Janet Yellen at 1840 GMT for clues on monetary policy.
By 1000 GMT, U.S. stock futures were pointing to opening losses of about 0.3 percent for the three main indexes (SPc1) (DJc1) (NDc1), despite oil prices stabilizing below $68 a barrel, as fears that inflationary pressures may force the Federal Reserve to again lift rates continued to sap sentiment.
"Inflation jitters still remain as wage inflation numbers shocked investors after a lull in negative sentiment as other economic indicators had shown that inflation was gradually under control," said Matthew Bristow, head of trading at Pacific Continental Securities in London.
"Investors will be more closely looking at coming economic indicators as the decision on rate hikes has become more uncertain. Wage costs have to be absorbed either by the producer or consumer which will result in slower growth."
Bristow said a report on wholesale inventory at 1400 GMT will give clues on the extent of slowing spending in the world's largest economy.
On Wednesday, the Dow Jones industrial average (^DJI - News) shed 0.55 percent at 11,406.20, and the Standard & Poor's 500 Index (^SPX - News) was down 0.99 percent at 1,300.26, while the tech-laced Nasdaq Composite Index (NASDAQ:^IXIC - News) fell 1.72 percent to 2,167.84.
Corporate movers on Thursday will likely include Hovnanian Enterprises Inc. (NYSE:HOV - News). Shares in the builder of high-end homes rose 4 percent after the closing bell on Wednesday as the company reported a quarterly profit that beat expectations.
On the downside, Martek Biosciences Corp. (NASDAQ:MATK - News) fell 17 percent after the closing bell on Wednesday after the biotechnology company posted quarterly results.
Elsewhere, California's attorney general said his office sent out subpoenas on Wednesday in a probe into whether Hewlett-Packard Co. (NYSE:HPQ - News) used illegal means to investigate 2005 boardroom leaks.
And Sun Microsystems Inc. (NASDAQ:SUNW - News) said late on Wednesday that John Doerr, Silicon Valley's most famous venture capitalist and one of Sun's original investors, planned to resign from the computer maker's board.
DOIG - Delta Oil & Gas Provides Production Update; Seven Wells on Production With Additional Seven Wells to Commence Production Shortly
Wednesday September 6, 4:00 pm ET
SEATTLE, WA--(MARKET WIRE)--Sep 6, 2006 -- Delta Oil and Gas, Inc. (OTC BB:DOIG.OB - News) is pleased to announce that production has commenced at three of its core properties: Owl Creek, Wordsworth and Palmetto Point. In addition, production from the Todd Creek and Cache Slough properties is expected to start shortly. Seven wells in total have commenced production of which two are oil wells and five are natural gas wells. An additional seven wells are currently being tied in with production slated to start this month. Production results are summarized as follows:
Owl Creek, Oklahoma
The oil discovery at the Powell #2 well in Owl Creek, Oklahoma has produced just under 10,000 barrels of oil to August 31, 2006. Daily production is currently averaging approximately 125 to 150 barrels of oil per day and 50,000 cubic feet of natural gas per day. In light of this major discovery, the drilling of a second well, known as Isbill #1-36, has commenced and will reach total depth in early September 2006.
Wordsworth, Saskatchewan
The horizontal well drilled earlier this summer in the Wordsworth area of Saskatchewan, Canada has produced approximately 9,350 barrels to the end of July 2006. At last report, the well continues to produce in the range of 200 to 250 barrels of oil per day. Gas production from the same well is estimated to be 50,000 to 100,000 cubic feet per day. A second well is expected to be drilled later this year.
Palmetto Point, Mississippi
The operator has tied in five of the natural gas wells at Palmetto Point, Mississippi. Production from these wells is averaging approximately 450,000 cubic feet of natural gas per day. Four additional wells will commence production later this month. An additional ten-well drilling program will commence October 2006.
"We could not be more pleased with the recent successes we've had and with the rapid development of our business plan." (Douglas N. Bolen, President & CEO) "We are moving Delta Oil & Gas to the next level as we transform the company from an early stage exploration company to one that is focused on both exploration and production."
About Delta Oil and Gas
Delta Oil and Gas is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area, its interest in the Cache Slough Project in California, its interest in the Strachan Prospect, its interest in its Mississippi prospect, its interest in a horizontal oil well in Saskatchewan and its newest interest at Owl Creek, Oklahoma. Delta Oil & Gas is seeking to expand its portfolio to include additional interests in Canada and the USA.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, B.A., LL.B., President
Safe Harbor Statement
This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, time frames, expectations for completion, the analysis of results and the intention to drill. Actual outcomes and the Company's results could differ materially from those in such forward-looking statements. Factors that could cause results to differ materially include general factors that affect all companies that explore for oil and gas, such as the uncertainty of the requirements demanded by environmental agencies, the fact that oil and gas extraction and production is risky, the potential that no commercial quantities of gas are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:
Contact Info:
Greg Werbowski
1.866.355.3644
Email Contact
--------------------------------------------------------------------------------
Source: Delta Oil & Gas, Inc.
SKML - Scantek Medical Enters Into New Contract with Life Medical Technologies
Wednesday September 6, 4:05 pm ET
CEDAR KNOLLS, N.J., Sept. 6, 2006 (PRIMEZONE) -- Scantek Medical, Inc. (``Scantek'') (Other OTC:SKML.PK - News) announced today that on August 22, 2006, it entered into an agreement (the ``Amended Agreement'') which amended and restated its December 3, 2004 Definitive Agreement (the ``Initial Agreement'') with Life Medical Technologies, Inc. (``Life Medical''). In a previous press release, Scantek announced the Initial Agreement, and that almost immediately after its execution, the parties determined to modify the Initial Agreement and recommence negotiations.
Pursuant to the Initial Agreement, Life Medical loaned Scantek $250,000 with a due date of June 5, 2006 (the ``Loan''). In the Amended Agreement, the due date of the Loan was modified to June 5, 2007.
Pursuant to the Initial Agreement, Life Medical paid $200,000 towards the completion of a clinical study (the ``Clinical Study'') of the BreastCare(tm)/ BreastAlert(tm) Differential Temperature Sensor product (``BreastCare''). In the Amended Agreement, Life Medical agreed to pay up to an additional $25,000 towards the Clinical Study.
Pursuant to the Initial Agreement, Life Medical was responsible for the first $100,000 in costs towards the Clinical Study, Scantek for the next $50,000, Life Medical for the next $100,000, and Scantek for any costs in excess of $250,000. Pursuant to the Amended Agreement, it was acknowledged that Life Medical paid $200,000 towards the costs of the Clinical Study, Scantek and Life Medical are jointly responsible for the next $50,000, and Scantek is responsible for any costs in excess of $250,000.
Pursuant to the Initial Agreement, Scantek was required to disclose any existing legal proceedings. In the Amended Agreement, Scantek updated that information.
Pursuant to the Initial Agreement, under certain circumstances Life Medical would receive an option (``U.S. Option'') to receive an exclusive, perpetual license to distribute BreastCare in the United States (``License'') pursuant to the terms of a Distribution Agreement agreed upon by the parties.
Pursuant to the Initial Agreement, Life Medical may exercise the U.S. Option within 90 days after the report from the Clinical Study is accepted for publication in one of a list of qualifying medical journals (the ``Journals''). If the report from the Clinical Study is not accepted for publication in one of the Journals within nine months, Life Medical shall have 45 days to exercise the U.S. Option before it expires. In the Amended Agreement, this nine-month period has been modified to twenty-four months.
Pursuant to the form of Distribution Agreement which was annexed to the Initial Agreement (``Initial Distribution Agreement''), if Life Medical exercised the U.S. Option it would receive an exclusive right to distribute BreastCare in the United States. In the form of amended Distribution Agreement which was annexed to the Amended Agreement (``Amended Distribution Agreement''), this exclusive right was strengthened. Scantek was required to not directly or indirectly sell BreastCare in the United States. Scantek also agreed that any future distribution agreements Scantek signs with distributors outside of the United States must restrict such distributors to their specific territories of sale and must prohibit them from selling outside such territories.
Pursuant to the Initial Distribution Agreement, Life Medical was required to pay $1,600,000, and 15% of its stock, to exercise the U.S. Option, less any funds which it paid pursuant to the Initial Agreement. This 15% of Life Medical's stock cannot be diluted under any circumstances. Furthermore, Life Medical has the option to issue this stock non-voting. If Life Medical exercises its option to issue non-voting stock, this stock would become voting stock two years after the date upon which Life Medical's stock becomes publicly traded. In the Amended Distribution Agreement, Life Medical was authorized to deduct from the payment of $1,600,000 any unpaid principal or accrued and unpaid interest on loans which Life Medical or its affiliates has made to Scantek.
Pursuant to the Initial Distribution Agreement, Life Medical was required to submit quarterly sales reports to Scantek beginning one year from the date of the Initial Distribution Agreement. In the Amended Distribution Agreement, the starting date of this reporting requirement has been extended to January 1, 2007.
The Initial Distribution Agreement set forth a wholesale price for Life Medical. The Amended Distribution Agreement increased the wholesale price to be paid by Life Medical to Scantek by $.50.
Pursuant to the Initial Distribution Agreement, Life Medical would receive a discount of $.25 per unit for orders over 500,000 units, and an additional $.25 per unit discount for orders over 1,000,000 units. In the Amended Distribution Agreement, the discount for orders over 1,000,000 units was eliminated.
Pursuant to the Initial Distribution Agreement, Life Medical was required to pay Scantek a royalty if its sales price exceeded a certain amount. In the Amended Distribution Agreement, the royalty was eliminated.
Pursuant to the Initial Distribution Agreement, Life Medical would have to meet the minimum sales requirements set forth in the Distribution Agreement in order to maintain the License starting in the second half of 2006. In the Amended Distribution Agreement, this was modified to the second half of 2010.
BreastCare is a safe, non-invasive, low-cost, single-use medical device which detects tissue heat differentials between the breasts. The pads are placed inside of a woman's bra for fifteen minutes, after which the device registers a digital reading of the heat conducted from within the breast tissue. BreastCare has received marketing clearance from the United States Food and Drug Administration to be used by physicians as an adjunct to clinical breast examination, mammography and other established modalities for the detection of breast disease. In clinical studies in the United States (Memorial Sloan Kettering Cancer Center -- NY, M. D. Anderson Cancer Center -- Houston, Guttman Institute -- NY, Georgetown University, and Brotman -- UCLA), in Brazil, and at the European Institute of Oncology in Milan, Italy, BreastCare has been clinically proven capable of recognizing metabolic activity (angiogenesis) by recording the heat differentiation of corresponding areas of the breast, and has identified tumors as small as 5mm in diameter.
About Scantek Medical
Scantek Medical, Inc. developed, produces and distributes the BreastCare(tm)/ BreastAlert(tm) Differential Temperature Sensor product. Scantek is also developing medical devices which use this temperature differential technology to screen for other medical conditions. Scantek's manufacturing facility and corporate offices are located in Cedar Knolls, New Jersey, and it has subsidiaries in Brazil and Hungary.
Statements in this press release which are not historical, including management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to the risk factors and other information set forth in Scantek's filings with the Securities and Exchange Commission. Actual results could differ materially from any forward-looking statements and may vary from management's expectations and cannot be guaranteed.
Contact:
Scantek Medical, Inc.
Dr. Zsigmond L. Sagi
(973) 401-0434
Fax: (973) 401-0459
skml@garden.net
--------------------------------------------------------------------------------
Source: Scantek Medical, Inc.
RSSYF - Resin Systems' Production Up 400 percent
Wednesday September 6, 4:06 pm ET
EDMONTON, Sept. 6 /PRNewswire-FirstCall/ - Resin Systems Inc. (RS - TSX / RSSYF - OTCBB), a composite products innovator, through its operating division, RS Technologies (collectively "RS"), has achieved consistent improvements in the production of its RStandard(TM) composite utility poles since the second quarter. These improvements are of significance to warrant their timely release.
As part of its second quarter update in mid-August, RS outlined the following production issues that negatively impacted its results during that quarter:
- Materials: RS encountered inconsistent performance issues and higher
than planned material waste in its production process;
- Equipment: RS encountered significant delays resulting from
incomplete performance and insufficiently robust equipment design by
its equipment supplier; and
- Labour: RS encountered staffing challenges due to the constrained
local labour market.
RS has solved the materials difficulties resulting in consistent product quality, marked decrease in production costs and marked increase in production output. RS has:
- reduced unit production costs in August approximately 75 percent
lower than those experienced during the second quarter and RS targets
achieving positive gross margins in the fourth quarter;
- achieved consistent product pass rates in August of over 85% and
continued progress to its targeted pass rate of 95%; and
- attained consistent saleable production during August of
approximately four times the weekly averages achieved during the
second quarter and production growth continues.
RS's stabilized and consistent manufacturing process now allows it to proceed with doubling its production crews to achieve 24 hour, seven day a week operations of all cells in the fourth quarter. This demonstrated progress has also enabled RS to consolidate all of its production operations in Calgary, with the goal of further increasing overall efficiency and reducing operating overhead.
RS continues to focus on implementing its plan to solve remaining equipment completion delays and manage the ongoing labour issues while increasing production levels and efficiencies.
"The advances achieved in production are resulting in marked improvement in our operating results and will allow us to move forward with our business plan," said Greg Pendura, Chief Executive Officer and President. "With the Calgary operations showing steady progress, we are several weeks closer to proceeding with our planned production capacity growth plans."
With the production progress shown through August, RS expects revenues of approximately $3 million in the third quarter, $5 million in the fourth quarter and continued revenue growth from those levels in 2007. In conjunction with these significant improvements, RS continues to evaluate its optimal go-forward financing strategy, which it will communicate separately at the appropriate time.
Finally, RS is completing equipment design for its next production cells and continued progress at RS's production facility will allow RS to execute its plan for domestic and global growth in the RStandard business.
Reader Advisory
Certain information set forth in this news release, including management's assessment of RS's future plans, operations, financial guidance and long-term growth prospects, contains forward-looking statements which are based on RS's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause RS's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, RS's lack of revenues and unpredictability of future revenues; the uncertainty of the profitability of existing and contemplated products of RS; RS's ability to raise capital on acceptable terms when needed; RS's ability to attract and retain key employees; competition from established competitors with greater resources; the uncertainty of the developing markets in which RS operates; the risks associated with rapidly changing technology; RS's reliance on third parties to supply raw materials and the cost of such raw materials; intellectual property risks, foreign exchange rate fluctuations and changes in general economic, market and business conditions. Many of these risks and uncertainties are described in RS's 2005 Annual Information Form and other documents RS files with the Canadian securities authorities and the United States Securities and Exchange Commission. The forward-looking statements are made as of the date hereof and RS assumes no obligation to update or revise such statements to reflect new events or circumstances unless otherwise required to by applicable securities laws.
About RS
RS is a composite material product innovator. RS develops advanced composite products for large-scale global markets. These products replace those which historically have been made using the conventional building blocks of wood, concrete and steel. The foundation of RS's product development is continuous innovation built with its proprietary Version(TM) polyurethane resin system.
Since 2004, RS has successfully developed and brought to market the award winning RStandard(TM) modular composite transmission and distribution structure and is currently in various stages of product development with further innovative products. For the latest on RS's developments, click on "Latest News" on www.grouprsi.com.
"Version" and "RStandard" are trademarks of Resin Systems Inc.
--------------------------------------------------------------------------------
Source: Resin Systems Inc.
SOEN - Solar EnerTech Corp. Signs LOI for Joint R&D Agreement With Shanghai University
Wednesday September 6, 4:10 pm ET
MENLO PARK, CA--(MARKET WIRE)--Sep 6, 2006 -- Solar EnerTech Corp. (OTC BB:SOEN.OB - News) (the "Company") is pleased to announce that it has signed a Letter of Intent ("LOI") towards the establishment of a joint Research and Development laboratory ("Joint Lab") and related programs with Shanghai University in order to collaborate in the development of advances in solar cell technologies, materials and applications.
As a result of the recently legislated Renewable Energy Act in China, the country has leaped into the renewable energy arena as a major consumer nation. Solar research efforts including accelerated development and commercialization programs have been attracting intense interest both within the region and across the globe. Seeing this opportunity develop led Company management to begin talks several months ago towards developing its own avenue for the creation of a cooperative program with an accredited academic institution in order to fast track the process. As a result of these talks, Shanghai University, one of the world's leading academic institutions on material sciences, and Solar EnerTech, a Silicon Valley based solar tech company, have reached a mutual understanding, represented by the LOI, to foster a long-term professional relationship in education, research and development in several related fields and academic disciplines.
Under the LOI, joint research facilities will be established at Shanghai University campus as well as at Solar EnerTech's manufacturing plant in Shanghai. The Joint Lab has a two-fold mission: to conduct research on raising the conversion rate of traditional silicon based solar cells and to research and develop non-silicon materials for future generations of solar cells.
The LOI outlines the structure of the faculty, and criteria for research personnel focusing on advanced technologies and manufacturing processes, as well as outlining the development of instructional programs in specific photovoltaic ("PV") applications. The Joint Lab will become an important training ground for Solar EnerTech's human resource needs from the university's graduate students.
The LOI also specifies that achievements produced by the joint facility shall be shared by both parties. In industrial and commercial applications, Solar EnerTech holds authority as regards the disposition of research accomplishments, patents, and scientific awards achieved by the Joint Lab and its members.
The research facility will solicit and promote international cooperation and communication towards establishing an international exchange program as a means of introducing the program at an international level. Faculty members and research personnel will travel to participate at international photovoltaic conferences or symposiums each year, to ensure the program rises to the forefront of global PV industry awareness.
With the adoption of this venture, Management believes that Solar EnerTech sets itself well apart from its manufacturing competitors by its ability to rapidly introduce and mass produce cutting-edge technology into the marketplace, and as such, clearly positions the Company towards quickly becoming one of China's leading PV solar cell manufacturers and suppliers to the global PV industry.
About Solar EnerTech Corp. (OTC BB:SOEN.OB - News)
Solar EnerTech is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China where the Company is establishing a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. Solar EnerTech plans to invest in PV cell research to develop higher efficiency cells and put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company's R&D program will work to bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
Forward-Looking Statements
Except for statements of historical fact, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Solar EnerTech Corp. has little or no control.
On Behalf of the Board
Solar EnerTech Corp.
Leo Shi Young, President
Contact:
Investor Relations Contact
Boundary Point Investor Relations Inc.
1-866-378-7372
http://www.solarenertech.com
--------------------------------------------------------------------------------
Source: Solar EnerTech Corp.
NHRX - NationsHealth Announces Sale of Discount Prescription Drug Card Business
Wednesday September 6, 4:30 pm ET
SUNRISE, Fla., Sept. 6 /PRNewswire-FirstCall/ -- NationsHealth, Inc. (Nasdaq: NHRX; NHRXW; NHRXU) today announced that it has sold its discount prescription drug card business for $6 million in cash. NationsHealth will retain the exclusive right to offer and provide diabetic and related supplies, services and products related to the Medicare Part D prescription drug program and certain other ancillary healthcare products and services to these cardholders.
"This transaction is another step towards tightening the focus of NationsHealth," stated NationsHealth's Chief Executive Officer, Glenn M. Parker. "With the widespread adoption of the Medicare Part D program, we felt the discount prescription drug card business was no longer core or complimentary to our Pharmacy Products and Insurance Services segments. In addition, the capital strengthens our balance sheet and will allow us to accelerate certain operational initiatives and efficiencies that are expected to improve our operating results and cash flow in the coming quarters."
About NationsHealth, Inc.
NationsHealth improves the delivery of healthcare to Medicare and managed care beneficiaries by providing medical products and prescription related services. NationsHealth has an agreement with CIGNA to offer their Medicare Part D prescription drug plans nationally. In addition, NationsHealth provides home delivery of diabetes and ostomy medical products to over 102,000 patients. NationsHealth is also the provider of diabetes supplies to over 12,000 Medicare beneficiaries at over 1,100 Kmart pharmacies. For more information please visit http://www.nationshealth.com.
This press release contains forward-looking statements about NationsHealth, including statements regarding management initiatives, efforts to streamline operations, projections with respect to enrollment and market opportunities for Part D and specialty pharmacy programs and future financial results, none of which should be construed in any manner as a guarantee that such results will in fact occur. In addition, other written or oral statements that constitute forward-looking statements may be made by us or on our behalf. Forward-looking statements are statements that are not historical facts, and in some cases may be identified by the words "anticipate," "project," "expect," "plan," "intend," "may," "should," "will," and similar words or phrases. Such forward-looking statements, based upon the current beliefs and expectations of NationsHealth's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: our ability to maintain our existing customer base; our customers' desire to take advantage of our Part D and specialty pharmacy services; uncertainty in our costs incurred in administering the Part D program; changes in Medicare, Medicaid, Tricare, Champus and any other state or national-based reimbursement program; changing interpretations of generally accepted accounting principles; outcomes of government reviews of NationsHealth's business practices; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory requirements or changes adversely affecting the businesses in which NationsHealth is engaged; fluctuations in customer demand; management of rapid growth; our ability to compete effectively; timing and market acceptance of new products sold by NationsHealth; general economic conditions; and geopolitical events, regulatory changes and other risks and uncertainties described in NationsHealth's Annual Report on Form 10-K for the year ended December 31, 2005 and NationsHealth's other reports filed with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. NationsHealth cautions investors not to place undue reliance on the forward-looking statements contained herein. These statements speak only as of the date of this press release and, except as required by applicable law, NationsHealth assumes no obligation to update the information contained herein.
At NationsHealth:
Timothy Fairbanks, CFO 954-903-5018
At Rx Communications Group:
Melody A. Carey (investors) 917-322-2571
--------------------------------------------------------------------------------
Source: NationsHealth, Inc.
AATI - AnalogicTech Enters Into Agreement to Acquire Shanghai-Based AP Semi
Wednesday September 6, 4:45 pm ET
Purchase Will Expand Power Management Design Capabilities, Create China Design Center
SUNNYVALE, Calif., Sept. 6 /PRNewswire-FirstCall/ -- Advanced Analogic Technologies Incorporated (AnalogicTech) (Nasdaq: AATI - News), a developer of power management semiconductors for mobile consumer electronic devices, today announced that it has entered into a definitive agreement to acquire the power management analog business of IPCore Technologies Corporation, including IPCore's subsidiary Analog Power Semiconductor Corporation (AP Semi) and certain related assets.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO )
Focused on the design of highly integrated analog power management ICs, AP Semi develops key components for many of the same mobile consumer electronics markets AnalogicTech currently targets. AP Semi's customers are primarily located in China, Taiwan, and Japan. The acquired business has 52 employees, including approximately 32 engineers.
"The acquisition of AP Semi will allow us to immediately expand our engineering team and establish a fully-staffed Shanghai design center," said Richard K. Williams, President, CEO, and CTO of AnalogicTech. "This move complements our ongoing product design and development activities targeted at portable consumer electronic devices, such as digital still cameras, personal media players, and mobile phones. It also will allow us to extend value to our customers by increasing our presence in key markets in China, Japan, and Taiwan, and provide local design support."
Under the terms of the agreement, AnalogicTech will purchase AP Semi and certain related assets from IPCore for approximately $22 million in cash, in addition to certain transaction related expenses. Subject to customary closing conditions, the acquisition is expected to close in early October 2006 and to be neutral to earnings in the second half of 2007.
About IPCore
IPCore Technologies is a Cayman Islands registered company with offices in the United States, Japan, and China. It is the first Pure Design Foundry Company in China to provide a One-Stop-Silicon-Solution to domestic and international IC product companies. Founded in 2001 with headquarters in Shanghai's CaoHeJing Hi-Tech Park, IPCore has strong partnerships with various wafer foundries, testing and packaging houses, and global tier-one IC companies. IPCore's investor base is composed of a notable consortium of international venture capital firms including Walden International, Pacific Venture Group, 3i, Vertex, Sycamore Ventures, and Pan- Pacific Venture. For more information, please visit the IPCore website: www.ipcoreinc.com .
About AnalogicTech
Advanced Analogic Technologies Incorporated (AnalogicTech) is a supplier of Total Power Management(TM) semiconductor solutions for mobile consumer electronic devices, such as wireless handsets, notebook and tablet computers, smartphones, digital cameras, wireless LAN, and personal media players. The company focuses its design and marketing efforts on the application-specific power management needs of consumer, communications, and computing applications in these rapidly evolving devices. AnalogicTech also develops and licenses device, process, package, and application-related technology. AnalogicTech is headquartered in Sunnyvale, California, with offices in South Korea, Taiwan, Hong Kong, Macau, Shanghai, Shenzhen, Beijing, Japan, Sweden, UK, and France, as well as a worldwide network of sales representatives and distributors. The company is listed on the NASDAQ exchange under the ticker symbol AATI. For more information, please visit the AnalogicTech website: www.analogictech.com . (AnalogicTech - F)
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
Statements contained in this release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause AnalogicTech's actual results to differ materially from our current expectations. Factors that could cause AnalogicTech's results to differ materially from those set forth in these forward-looking statements include customers' cancellation or modification of their orders; our failure to accurately forecast demand for our products; the loss of, or a significant reduction in orders from, any of our significant customers; fluctuations in our operating results; our inability to develop and sell new products; defects in or failures of our products; the expense and uncertainty involved in our customer design-win efforts; the financial viability of the distributors of our products; consumer demand for cellular phones and other mobile consumer electronic devices; worldwide economic and political conditions, particularly in Asia; fluctuations in our costs to manufacture our products; our reliance on third parties to manufacture, test, assemble and ship our products; our ability to retain and attract key personnel; our ability to compete with our competitors; and our ability to protect our intellectual property rights and not infringe the intellectual property rights of others. Other factors that may cause our actual results to differ from those set forth in the forward- looking statements contained in this press release and that may affect our prospects in general are described in our filings with the Securities and Exchange Commission, including our Registration Statement on Form S-1 related to our initial public offering and our Annual Report on Form 10-K for the year ended December 31, 2005. AnalogicTech undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances.
NOTE: AnalogicTech and the AnalogicTech logo are trademarks of Advanced Analogic Technologies Incorporated. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.
--------------------------------------------------------------------------------
Source: Advanced Analogic Technologies Incorporated (AnalogicTech)
BDCI - BDC Capital, Inc. Announces Reverse Split
Wednesday September 6, 5:01 pm ET
MINNEAPOLIS, MN--(MARKET WIRE)--Sep 6, 2006 -- BDC Capital, Inc. (OTC BB:BDCI.OB - News) today announced a reverse split of its common stock on a 1 for 75 basis. The company's board of directors unanimously approved the reversal in a meeting held earlier today.
Also today, the company announced that effective August 31, 2006, it had become an operating company rather than a business development company. That action was taken because BDC Capital has changed its business plan to become a multiple-site online social-networking portal.
About BDC Capital
BDC Capital, Inc. is based in Burnsville, MN. Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. BDC Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.
Contact:
Contact:
Marcia Appel
(952)890-2362
Email Contact
--------------------------------------------------------------------------------
Source: BDC Capital, Inc.
BDCI - BDC Capital, Inc. Announces Reverse Split
Wednesday September 6, 5:01 pm ET
MINNEAPOLIS, MN--(MARKET WIRE)--Sep 6, 2006 -- BDC Capital, Inc. (OTC BB:BDCI.OB - News) today announced a reverse split of its common stock on a 1 for 75 basis. The company's board of directors unanimously approved the reversal in a meeting held earlier today.
Also today, the company announced that effective August 31, 2006, it had become an operating company rather than a business development company. That action was taken because BDC Capital has changed its business plan to become a multiple-site online social-networking portal.
About BDC Capital
BDC Capital, Inc. is based in Burnsville, MN. Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. BDC Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.
Contact:
Contact:
Marcia Appel
(952)890-2362
Email Contact
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Source: BDC Capital, Inc.
TORM - TOR Minerals Announces Distribution Agreement
Wednesday September 6, 5:11 pm ET
CORPUS CHRISTI, Texas, Sept. 6 /PRNewswire-FirstCall/ -- TOR Minerals International (Nasdaq: TORM - News), producer of natural titanium dioxide pigments and specialty aluminas, today announced an agreement with Lake Chemicals and Minerals Ltd. to distribute HITOX® titanium dioxide products in the United Kingdom and Ireland.
Lake Chemicals and Minerals is a leading specialty chemical distributor in the United Kingdom and Ireland. For TOR Minerals, Lake will focus on furthering the market development of HITOX Standard and TOR's newly developed HITOX SF (Super Fine) product, which offers enhanced opacity and gloss properties in paint, coatings and plastics applications. As unique color pigments, both HITOX Standard and HITOX SF offer significant cost savings in many colored formulations through the reduction of expensive organic and inorganic pigments as well as in partially replacing white titanium dioxide.
"We chose Lake based on its reputation as a technical leader and significant experience working with the applications we are targeting," commented Dr. Olaf Karasch, TOR Minerals' Chief Executive Officer. "Our unique HITOX titanium dioxide products are a very good complement to their offering."
Dr. Karasch continued, "There is a significant market opportunity for sales of HITOX products in Europe, which was not a focus of the company in the past. At the beginning of the year, we bolstered our sales efforts and have seen a significant increase in European HITOX sales during the first half of the year. This agreement will enhance our local technical sales and support capabilities in the United Kingdom and Ireland, one of the largest regional markets in Europe."
About TOR Minerals
Based in Corpus Christi, Texas, TOR Minerals is an international manufacturer of specialty mineral products for high performance applications with plants and regional offices located in the United States, Netherlands and Malaysia. http://www.torminerals.com
About Lake Chemicals and Minerals Ltd.
Lake Chemicals and Minerals Ltd. is a Technical Distribution Specialist with head office in Redditch, UK, responsible for the sales and marketing of specialty chemicals, minerals and technical products to customers in the UK and Ireland. http://www.lakecm.co.uk
This statement provides forward-looking information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, general economic conditions, including the risks of a general business slow down or recession, the increasing cost of energy, raw materials and labor, competition, advances in technology, changes in foreign currency rates, freight price increase, commodity price increases, delays in delivery of required equipment and other factors.
Contact for Further Information:
David Mossberg
Beacon Street Group, LLC
(817) 310-0051
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Source: TOR Minerals International
EDRGF - Endeavour Drills Exceptional Holes at Porvenir Mine, Guanacevi Mines Project, Durango, Mexico
Wednesday September 6, 5:23 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 6, 2006 -- Endeavour Silver Corp. (TSX:EDR.TO - News)(Other OTC:EDRGF.PK - News)(FWB: EJD) announces that it has drilled some exceptional holes at the Porvenir Mine, part of the Guanacevi Mines Project in Durango, Mexico.
Drill hole NP21-4 assayed 324 gpt silver and 0.44 gpt gold over 45.2 m (10.1 oz per ton Ag equivalent over 148.3 ft) and included several higher grade intervals such as 1980 gpt silver and 3.19 gpt gold over 0.6 m (62.8 oz per ton Ag equivalent over 2.0 ft).
Significant drill results were as follows:
Porvenir Mine Drill Results
--------------------------------------------------------------------
Hole From Length Silver Gold Ag Equivalent
(no) (m) (m) (gpt) (gpt) (opt) (ft)
--------------------------------------------------------------------
NP20-4 247.60 1.20 356 0.41 11.0 3.9
and 256.20 18.00 301 1.09 10.5 59.1
incl. 261.00 2.30 532 1.40 17.8 7.5
incl. 266.40 1.60 554 3.34 21.5 5.2
NP20-5 417.00 5.60 622 1.10 19.9 18.4
incl. 417.90 1.00 1604 3.22 51.9 3.3
NP21-3 209.60 9.55 169 0.56 5.8 31.3
and 234.20 2.35 232 0.17 7.0 7.7
NP21-4 240.05 45.20 324 0.44 10.1 148.3
incl. 262.80 17.55 509 0.98 16.4 57.6
incl. 265.85 0.60 1980 3.19 62.8 2.0
incl. 275.00 0.50 1605 3.94 53.1 1.6
NP21-5 377.15 4.35 658 1.50 21.6 14.3
incl. 377.15 1.55 1129 2.76 37.3 5.1
--------------------------------------------------------------------
True widths range from 65% to 95% of core lengths. Silver
equivalents are based on a 48 silver: 1 gold ratio using US$625 gold
and $13.03 silver prices.
Core recoveries are typically 95%
--------------------------------------------------------------------
ADVERTISEMENT
The five drill holes reported herein indicate a substantial thickening of the Santa Cruz vein beyond the northwest end of the Porvenir Mine and at depth (see Porvenir Mine Longitudinal Section on Endeavour website). Although it is possible this thickening may be due to repetition of the vein by faulting, these drill intercepts nonetheless represent an opportunity for bulk underground mining of high grade silver mineralization. These drill intercepts are over an area of more than 50 meters along strike and more than 200 meters down the dip of the vein.
Bradford Cooke, Chairman and CEO, stated, "These latest drill results should add substantially to our resource base at the Porvenir Mine. The mine access ramp will be extended down into this area in Q4 so that sill development can bring some of this thick, high grade silver zone into reserves by year-end. Since drilling and development work is still on going this area of new resources and reserves will not be re-estimated by an independent Qualified Person until the end of the year. The zone is still open for expansion to the northwest and at depth."
Two drills are currently working to further delineate new resources in the Porvenir Mine area. One drill is currently working to further delineate new resources in these areas. A second drill is testing the El Pelayo vein just east of the Porvenir Mine and a third drill rig is underground at the La Prieta mine area further south along the Santa Cruz vein. Additional underground drilling is planned for the Santa Cruz mine area once a fourth drill crosscut is completed. An underground drill platform is now ready for deeper drilling at the Porvenir Mine once an underground drill rig becomes available.
Godfrey Walton, M.Sc., P.Geo., is the Qualified Person supervising the surface and underground drilling and sampling programs at the Guanacevi Mines Project. A Quality Control sampling program of blanks and duplicates has been instituted to monitor the integrity of all assay results. All core samples are split at the Guanacevi minesite, assayed at the Guanacevi plant, and rejects, blanks and duplicates are delivered to the BSI Inspectorate sample prep lab in Durango for the preparation of sample pulps. Samples are dried, crushed, split and 30 gram pulp samples are then air freighted to Reno, Nevada for analysis at the BSI Inspectorate laboratory. Gold and silver at both Guanacevi and BSI are determined by fire assay with an atomic absorption (AA) finish.
Endeavour Silver Corp. (TSX:EDR.TO - News)(Other OTC:EDRGF.PK - News)(FWB: EJD) is a silver mining company focused on the aggressive growth of its silver production, reserves and resources in Mexico. The expansion program now underway at the high grade Guanacevi Mines Project in the state of Durango should propel Endeavour into the ranks of the top five primary silver producers.
On Behalf of the Board of Directors,
ENDEAVOUR SILVER CORP.
Bradford J. Cooke, Chairman and CEO
CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS
Certain statements contained herein regarding the Company and its operations constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company's filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them. Godfrey Walton, P.Geo. and/or Bradford Cooke, P.Geo. are the Qualified Persons for the Company as required by NI 43-101. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbour.
To view the attached map, please click on the following link: http://www.ccnmatthews.com/docs/edr0906.jpg
The TSX Exchange has neither approved nor disapproved the contents of this news release.
Contact:
Contacts:
Endeavour Silver Corp.
Hugh Clarke
(604) 685-9775 or Toll Free: 1-877-685-9775
(604) 685-9744 (FAX)
investorrelations@edrsilver.com
http://www.edrsilver.com
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Source: Endeavour Silver Corp.
STG - Stonepath Group Enters Definitive Agreement to Sell U.S.-Based International Services Unit
Wednesday September 6, 5:24 pm ET
SEATTLE, Sept. 6 /PRNewswire-FirstCall/ -- Stonepath Group, Inc. (Amex: STG - News; "Stonepath"), the logistics services organization, announced today that it has entered into a definitive agreement with JTM Acquisition Corporation ("JTM") for the sale of Stonepath Logistics International Services, Inc. ("SLIS"), for aggregate consideration of $17.9 million, consisting of a closing cash payment of $12.2 million and the assumption or satisfaction by JTM of certain liabilities associated with SLIS. Stonepath expects to sign an additional agreement with JTM to sell its Stonepath Logistics (Germany) GmbH subsidiary for $100,000, raising the total consideration of the transactions to $18.0 million. JTM is backed by private equity fund ComVest Investment Partners. The Company expects to recognize a book loss on the sale of SLIS and its German subsidiary of approximately $3.5 million.
SLIS, which was acquired by Stonepath in 2002, is Stonepath's North American-based logistics business that provides international air and ocean logistics services and includes Global Container Line, Inc. Stonepath Group's offshore subsidiaries, including those in Asia, will remain intact.
"I am pleased to share this important first step toward reducing Stonepath's outstanding liabilities," said Bob Arovas, Stonepath's Interim CEO. "This sale will substantially reduce Stonepath's debt obligations. We continue to look at opportunities to restructure our business to achieve profitable future operations. This will require the continuing support of our loyal customers, vendors, lenders and of course, our dedicated employees."
Arovas continued, "We have weathered a great deal of adversity in Stonepath's initial years. Although some difficulties are behind us, there are continued challenges ahead. We intend to focus on competition on the basis of service and price and to continue to see that our customers receive excellent service, a hallmark on which Stonepath was founded. To drive growth and efficiency, we also plan on strategically expanding our sales force and making further improvements to our systems. Our primary concern is the profitable growth of our business, both within and outside the U.S. We will share our progress through press releases and quarterly conference calls, the latter commencing with the third quarter results for 2006."
The founder and President of JTM is Jason F. Totah, who served as Stonepath's Chief Executive Officer from October 2004 until July 20, 2006, when he temporarily resigned his position as Chief Executive Office, until either the sale is consummated, at which point it is contemplated that he will formally resign his position with Stonepath, or the sale is abandoned, at which point it is contemplated that he would resume his position with Stonepath.
Consummation of the sale is subject to conditions including, without limitation, the receipt of funding by JTM's contemplated source of financing for the sale, receipt by JTM and Stonepath of applicable consents, approvals and releases, and the receipt by Stonepath's Board of Directors of a fairness opinion from a valuation advisor as to the purchase price to be received in the sale.
Subject to satisfaction or waiver of the conditions to consummation of the sale contained in the Purchase Agreement, the parties anticipate that the sale will close on or before October 16, 2006.
About ComVest Investment Partners
The ComVest Group is a Leading Private Equity Firm focused on investing in middle-market companies. Since 1988 ComVest has invested more than $2 billion of equity capital in over 200 public and private companies world wide. Through the firm's extensive financial resources and broad network of industry experts, the firm is able to offer its portfolio companies total financial sponsorship, critical strategic support, and business development assistance. The firm has offices in West Palm Beach, Florida and New York City, New York (http://www.comvest.com).
About Stonepath Group (Amex: STG - News)
Stonepath (www.stonepath.com) is a global, third-party logistics organization providing a full range of transportation and distribution solutions to multinational and local businesses including a diverse client mix of retail leaders, automotive and technology concerns, government agencies, and defense contractors.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future events and plans. We have based these forward-looking statements on our current expectations and projections about such future events and plans. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual events and plans to be materially different from any future events and plans expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "guidance," "may," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "continue" or the negative of such terms or other similar expressions. Although it is impossible to identify all of the factors that may cause our actual events and plans to differ materially from those set forth in such forward-looking statements, such factors include the inherent risks associated with any significant business transaction, including the ability to satisfy both parties' conditions to consummation of such a transaction. Risk factors that are relevant to an analysis of our business generally include, but are not limited to, those factors identified in our Securities and Exchange Commission filings (including our Annual Report on Form 10-K for 2005), other public documents and recent press releases, which can be found on our corporate web site, www.stonepath.com. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. We undertake no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.
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Source: Stonepath Group, Inc.
USSG - USA Signal Technology Receives Approval From Texas Department of Transportation for Its Unique Energy Saving, Centrally Controlled, LED Powered "Intelligent" Lane Control Systems
Wednesday September 6, 5:25 pm ET
DALLAS, TX--(MARKET WIRE)--Sep 6, 2006 -- USA Signal Technology, Inc. (Other OTC:USSG.PK - News) (www.usasignal.com) has successfully demonstrated and received approval for its unique LED (Light Emitting Diode) "Intelligent/Wireless" Lane Control Signal from the Texas Department of Transportation, a state with thousands of LCSs that need to be replaced, as well as thousands of planned new installations.
Lane Control Signals are those ubiquitous traffic signs with illuminated colored symbols on highway bridges and overpasses. The symbols show a specific lane's traffic condition: a green arrow for a lane flowing freely, a yellow arrow or yellow "X" for a slow lane, and a Red "X" for a lane that is shut down.
Based on the expressed needs of Departments of Transportation (DOTs) from a number of heavily populated states, USA Signal developed the first LED Intelligent Lane Control Signal to be extremely energy efficient (powered with only 10 watts), requiring almost no maintenance and offering continuous intelligent feedback to a centralized control location. In comparison, the tens of thousands of conventional LCSs now deployed across the nation are powered by an array of halogen lights through fiber optic harnesses that require 150 watts of power, are high maintenance, often unreliable and require local controllers.
What makes USA Signal's LCS "intelligent," is that unlike present systems, it is equipped with a microcontroller, wireless communication with a central location, redundant power supplies to function during blackouts and brown-outs, and several other advanced features highly sought by DOTs. This allows for lower installation costs and extremely less on-going maintenance expenses compared to current fiber optic-halogen systems. Most important, because of increased reliability and the ability to alert a central controller if a particular LCS will be in need of repair, or has actually stopped functioning, highway safety is greatly enhanced.
With its own redundant power supply, separate water tight and dust free enclosures for the LEDs and control electronics that are convection cooled, USA Signal LCSs have a greatly extended operating life. For these reasons, USA Signal is able to warranty its LCS for an unprecedented 5 years.
Texas is the first of many states where USA Signal plans to market its Intelligent LCS.
About USA Signal Technology, Inc.
USA Signal Technology, Inc. (Other OTC:USSG.PK - News) (www.usasignal.com) is a Dallas, TX-based Company that designs, manufactures and markets state-of-the-art traffic signaling and monitoring systems. It provides the most technologically advanced and lowest cost-of-ownership intelligent LED (Light Emitting Diode) traffic signals for municipalities. Its advanced designs provide the most cost effective LED-based systems and, most important, it has the only signals that combine other advanced technology products to create the first Intelligent Traffic Intersection Systems (ITIS) and Railroad Crossing Surveillance & Detection Systems.
Forward-Looking Statements & Disclaimers:
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law. Schumacher Associates, has prepared this release from information supplied and approved by USA Signal Technology, Inc. In conjunction with the preparation and distribution of this release as well as other public relations services, Schumacher Associates has been compensated with $2,500 cash and 100,000 shares by third party shareholders. Schumacher Associates officers, directors and employees may also own shares, for investment purposes, and may increase or decrease its positions at any time, without notice.
Contact:
Contact:
Paul Calixto
Email Contact
Phone: 469-522-0820
http://www.usasignal.com
--------------------------------------------------------------------------------
Source: USA Signal Technology, Inc.
THM - Thomas Equipment, Inc. Announces its Pneutech Inc. Subsidiary Filed a Court-Supervised Restructuring; Pneutech Division Intends to Immediately Refinance Its Existing Credit Facilities under the Restructuring
Wednesday September 6, 5:35 pm ET
CENTREVILLE, NEW BRUNSWICK, September 6 /CNW/ - Thomas Equipment, Inc. ("Thomas") (AMEX: THM - News) today announced that Pneutech, Inc. ("Pneutech"), its wholly owned subsidiary, has initiated a court supervised restructuring in Canada to facilitate the refinancing of its credit facilities.
Thomas Equipment, Inc., and its other subsidiaries domiciled in other countries are not subject to the Canadian court-supervised restructuring.
Pneutech has obtained an order under the Companies' Creditors Arrangement Act ("CCAA") in a hearing before the Quebec Superior Court of Justice, which covers Pneutech and its wholly-owned subsidiaries Rousseau Controls and Hydramen Fluid Power.
Pursuant to the Order, Pneutech plans to complete a refinancing of the existing lender's facilities and to enter into a new and larger US$15 million facility in the form of "debtor-in-possession" financing. These credit facilities are expected to provide Pneutech with increased financing to fund ongoing operations while the company implements its restructuring.
Pneutech has continued to operate and will continue to operate during the reorganization process. It is anticipated that all creditors will be paid in full.
An 8-K will be filed with the Securities and Exchange Commission relating to these matters.
About Thomas Equipment Inc.
Pneutech Inc. (www.pneutech.thomas-equipment.com), established in 1973, and its subsidiaries are engaged in the fluid power industry and specializes in the design engineering, manufacture and distribution of pneumatic and hydraulic systems and components for automation and motion control applications.
Pneutech has more than 10,000 active customers, primarily in the pulp and paper, aluminum plant, forestry equipment, automotive, oil and gas, heavy equipment, hydraulics, injection molding and power generation industries. The division maintains eight manufacturing and distribution facilities in Canada and has more than two hundred employees in engineering, manufacturing, distribution, sales, service, finance, administration and management.
Investor Information -- To request investor information or attend online corporate meetings, please visit our website at: www.b2i.us/irpass.asp?BzID(equal sign)1230&to(equal sign)ea&s(equal sign)0 and to obtain emails containing our press releases visit: www.stockaware.com/newsletter.htm
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of THM could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, and such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
For further information
Investor Relations: Stock Aware, LLC Joel Arberman, Managing Member 800.910.9035 or 678.755.2113 www.stockaware.com
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Source: Thomas Equipment, Inc.
ECUXF - ECU Silver Mining Inc.: Length of Major Discovery on Level 15 Extented by 20 Meters
Wednesday September 6, 5:52 pm ET
NEW CROSS-CUT BEING DRIVEN ON LEVEL 18
CURRENT DRILLING HAS JUST REACHED OUR MAJOR MINERALIZED GREEN SKARN
New extension of San Mateo vein grades 8.16 g/t Gold and 449 g/t Silver;
Santa Juana workings grades 17.31 g/t Gold and 426 g/t Silver.
TORREON, COAHUILA--(MARKET WIRE)--Sep 6, 2006 -- ECU Silver Mining inc. (TSX VENTURE:ECU.V - News) -
ECU Silver Mining Inc. (the "Company") is pleased to announce new assay results from underground development and mining in the Tres Aguilas sector of the Santa Juana mine from the A1, A2 and A4 veins on levels 17 and 17.5 as well as from the San Mateo mine.
San Mateo Vein:
Following the development on level 6 of the San Mateo Mine (approximately 150 meters below surface) in the western portion of the San Mateo vein from which excellent assays were received (see the Company's press release August 8, 2006), further development in drifts and raises yielded more solid results (see Table 1 below).
In the raise, what is worthy of highlighting is that the grades and width over a length of 9 meters (29.5 feet) are increasing as we go up, as demonstrated by the changes from sample 38404 to 38406 below in Table 1.
In the drift, what is most important besides the grades is that this is an entirely new sector of the mine. Starting with sample 38658, we can observe an increase in width and a very significant increase in metals contents, including copper. The new findings and grades justify accelerating the development of this sector of the San Mateo mine as the Company is of the opinion that resources may exist West of our current program.
TABLE 1 - ASSAYS FROM SAN MATEO MINE
Vein Sample # Width m Au g/t Ag g/t Pb% Zn% Cu%
Raise San Mateo 38404 0.20 3.78 117 0.13 0.35
Raise San Mateo 38405 0.25 4.87 169 0.21 0.36
Raise San Mateo 38406 0.30 7.68 166 0.50 0.57
Drift San Mateo 38634 0.40 2.90 169 0.32 0.24 0.09
Drift San Mateo 38658 0.48 13.50 875 1.43 7.92 0.45
Drift San Mateo 38669 0.53 10.80 718 1.47 2.48 1.31
Average (6 samples) 0.37 8.16 449 0.84 2.52
Santa Juana Mine:
The samples in Table 2 below illustrate new information when compared to previously released data (see the Company's press release August 8, 2006). The samples from the A1 vein on levels 15.5 and 17 and from veins A2 and A4 veins on level 17.5 show good continuity both in grades and thickness when compared to previous results, and therefore confirming the trend of increasing metals contents as we go deeper.
TABLE 2 - ASSAYS FROM UNDERGROUND WORKINGS
Vein Working Level Nb Width m Au g/t Ag g/t Pb% Zn% Cu%
A2 Drift 17.5 10 0.30 17.03 725 0.20 0.26 2.40
A1 Stope 15.5 7 0.13 5.14 346 2.45 1.39
A1 Raises 17 23 0.25 14.29 444
A1 Drift 17 17 1.21 4.41 226 0.38 0.69 0.27
A4 Stope 17.5 7 0.47 17.31 426 1.03 1.20
"The Company believes these latest set of results from our vein systems confirm the need to continue our extensive development plan. The San Mateo vein continues to yield positive surprises and we are planning to open the vein at least an extra 100 meters going west until we reach the projection of a regional fault. Then a drilling program will be initiated to localize the vein on the other side of the fault before resuming the drifting." noted Michel Roy, president and chief executive officer of ECU Silver Mining.
Major Discovery on Level 15:
The on going development program on the newly discovered 6 meters wide zone on level 15 is continuing. The zone has been extended an extra 20 meters for a total of 60 meters in length and more secondary veins have been found. Assays are pending.
New Cross-Cut on Level 18:
On level 18, a major cross-cut is currently being driven to cut all the system of veins in that area.To this point, the cross-cut has intercepted several veins, some with very high values (see the Company's press release August 8, 2006), and the Company is awaiting the results of the latest findings. Assays are pending.
Current Drilling Program has reached Skarn#1:
The drilling program is on-going with the main target of the current hole being the green mineralized skarn (skarn #1).This work is being carried out from level 17.5 and the hole is being drilled on a -45 degree angle. The green skarn was expected to be reached approximately 100 meters below level 17.5.
What is worthy of noting at this time are the following:
1) At the beginning of this hole (from 0 to about 40 meters below level 17.5), the Company encountered several mineralized veins on the path leading to the target. These veins were cut and sampled. Assays are pending;
2) The company is pleased to announce that the hole has successfully reached the beginning of the mineralized green skarn. The core from this intercept will be sampled and assayed as soon as possible.
All widths are true widths. Samples were assayed at ERSA, in Torreon, Coahuila, Mexico, this laboratory is currently in the process of being certified, and at SGS in Durango, Durango, which is a certified laboratory. Property specific quality control samples were inserted at regular intervals in the sample sequence and the Company routinely does check assays at other certified laboratories.
Mr. Michel Roy, P. Geo., a "qualified person" within the meaning of NI 43-101, prepared the technical information disclosed in this news release.
ECU Silver Mining Inc is a junior Gold, Silver, Zinc and Lead producer in the prolific mining district of Velardena, Mexico where historically over 500,000 ounces of Gold and 250,000,000 ounces of silver have been mined. Full scale production began in May 2005 at the Company's Santa Juana mine. To ensure the Company is positioned for continued growth and expansion, and to take full advantage of the current record setting metals prices, the Company has a fully operational infrastructure in place, several months of planned production available from the current stopes, and ongoing exploration programs.
Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.
Head Office
Rouyn-Noranda
Qu�bec, Canada
J9Y 1G9
Tel : (819) 797-1210
Fax : (819) 797-1214
Corporate Office
J. I. Jim�nez 663
colonia Los Angeles
Torre�n, Coahuila,
M�xico, 27000
Tel: (01152)-871-717-8633
Fax: (01152)-871-718-5025
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:
ECU Silver Mining Inc.
Michel Roy
cell: 011-52-871-727-1061
ecu@ecu.ca
http://www.ecu.ca
--------------------------------------------------------------------------------
Source: ECU Silver Mining Inc.
TFZP - ThermaFreeze Products Corporation Commences Trading
Wednesday September 6, 5:53 pm ET
Announces Introduction of Breakthrough Cold-Chain Management Product Line
MOBILE, AL--(MARKET WIRE)--Sep 6, 2006 -- ThermaFreeze Products Corporation, a leading supplier of cold-chain management products (Other OTC:TFZP.PK - News), announced today the Company has commenced trading on the Pink Sheets.
ThermaFreeze Products Corporation has developed products that maintain a transit temperature range beyond the capability of existing technology used in the shipment of perishable food products and pharmaceuticals.
The Company's flagship products, ThermaFreeze(TM) refrigerant and ThermaBarrier(TM) thermal packaging material, are technologically advanced, highly efficient and patent protected.
Demand for perishable product protection is growing rapidly. The U.S. Food & Drug Administration and the U.S. Department of Agriculture are requiring pharmaceutical and food producers to prove temperature compliance all the way to the consumer. Old technologies, such as gel packs, Styrofoam coolers and dry ice are at the end of their product maturity cycle.
Perishable shippers are seeking products that assist them in achieving federal compliance and lower spoilage rates. Over the last 60 years, the packaging industry stopped development beyond gel packs and Styrofoam coolers. Use of these products results in high spoilage rates, both hidden and overt.
To lower spoilage rates, shippers must apply thicker and heavier packaging at higher purchase costs and freight rates.
A ThermaBarrier(TM) 40-pound box liner weighs only slightly more than two ounces. When using ThermaFreeze(TM) alone, twenty-four hour frozen shipments are completed with near zero spoilage. When used in conjunction with ThermaBarrier(TM) allowable transit time is increased to 36 - 48 hours or more.
ThermaFreeze(TM) is a major breakthrough in cold-chain management. ThermaFreeze(TM) is flat and flexible even when frozen. In packaging, ThermaBarrier(TM) is thin walled, lightweight, and provides high thermal protection.
The Company is addressing a total food production market in excess of $2 trillion, with at least $154 billion perishable. Of $96 billion in pharmaceutical production, $39 billion required perishable protection during shipment.
Legal Notice Regarding Forward-Looking Statements
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Contact:
ThermaFreeze Products Corporation
Shareholder Communications
Joseph Murray
251-653-0000
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Source: ThermaFreeze Products Corporation
BLDP - Ballard Introduces Next Generation Air-Cooled Fuel Cell Stack
Wednesday September 6, 6:00 pm ET
Fewer parts, improved performance, lower cost
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 6, 2006 -- Ballard Power Systems (TSX:BLD.TO - News)(NASDAQ:BLDP - News) today announced successful completion of alpha trials and plans for accelerated beta trials and managed commercial rollout of its air-cooled fuel cell, the Mark 1020 ACS. The Mark 1020 ACS, a product primarily focused on the backup power market, provides a range of power outputs from one to five kilowatts, and leverages Ballard's air-cooled fuel cell technology expertise to deliver several significant improvements over earlier product prototypes. Key elements of this next generation design include:
- Simplified, lower cost design: the Mark 1020 ACS uses 33% fewer parts than the previous generation air-cooled product, incorporates new, lower cost materials, and reduces precious metal catalyst content significantly.
- Self-humidification: the unit operates without the need for external humidifiers, thereby reducing both part count and cost.
- Ambient operating regime: by dropping operating pressure of the fuel cell stack, Ballard has removed the need for an air compressor, again reducing system cost and improving reliability.
Utilizing air-cooled fuel cell technology for lower power output applications enables system integrators to develop fuel cell products that can compete effectively with today's technologies. With reduced balance of plant costs, integrators can offer customers a lower cost, clean energy alternative.
"Ballard's Mark 1020 ACS offers a strong value proposition in the backup power market, including telecom backup applications, and we are confident that it will help Ballard and our customers capitalize on this significant near-term market opportunity," said Noordin Nanji, Ballard's Chief Customer Officer. "In the same way that Ballard's Mark9 SSL(TM) product platform offers a clean, quiet alternative in materials handling applications, Ballard's Mark 1020 ACS, with its reduced cost and improved performance, provides system integrators with a high value, cost-effective alternative to conventional battery and generator backup systems being used today."
Fuel cell advantages for backup power applications include:
- Lower life cycle costs due to long design life and limited maintenance
- Few moving parts
- A wide operating temperature range (-40 to +46 degrees©) in comparison to batteries
- Extended run capability during lengthy blackout periods
- Reduced footprint and weight
- Zero emissions
The introduction of the Mark 1020 ACS rounds out Ballard's product offerings for its key markets of backup power, residential cogeneration, materials handling, and automotive.
About Ballard
Ballard Power Systems (TSX:BLD.TO - News)(NASDAQ:BLDP - News) is recognized as a world leader in the development, manufacture and sale of zero-emission proton exchange membrane fuel cells. Ballard's mission is to make fuel cells a commercial reality. To learn more about what Ballard is doing with Power to Change the World®, visit www.ballard.com.
This release contains forward-looking statements that are based on the beliefs of Ballard's management and reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate", "project", "believe", "anticipate", "intend", "expect", "plan", "predict", "may", "should", "will", the negative of these words or such other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of Ballard with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in those forward-looking statements.
For customer inquiries, please email marketing@ballard.com.
Ballard, the Ballard logo, Power to Change the World are registered trademarks of Ballard Power Systems Inc.
Contact:
Contacts:
Ballard Power Systems Inc.
Rebecca Young
(604) 454-0900
Ballard Power Systems Inc.
Megan Helmer
(604) 454-0900
(604) 412-4700 (FAX)
http://www.ballard.com
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Source: Ballard Power Systems Inc.
EVOL - Evolving Systems and American Telecommunications (ATI) Bring Next Generation Solutions to Latin America
Thursday September 7, 6:00 am ET
Companies Join Forces to Provide Market-Leading Solutions to Telecom Operators in Growing Region
ENGLEWOOD, Colo., Sept. 7 /PRNewswire-FirstCall/ -- Evolving Systems, Inc. (Nasdaq: EVOL - News), a provider of software solutions and services to the wireless, wireline and IP carrier market, and American Telecommunications, Inc. (ATI), a solutions provider of advanced telecommunications systems and services, today announced their agreement to pursue new business in the Latin America market.
The companies have entered into an agreement to bring Evolving Systems' market-leading service activation and number management solutions to telecommunications operators in Latin America. Under the agreement, ATI will market and support Evolving Systems' solutions through its extensive network of in-country affiliates throughout Latin America. Evolving Systems will provide ATI with the technology and expertise to bring end-to-end solutions to customers in the region.
"After a careful evaluation of technology and industry experience, we selected Evolving Systems as our vendor partner for service activation and number management projects in our region," said Luis Alberto Nunez, ATI's CEO. "We feel that Evolving Systems provides the right combination of value and functionality that operators in Latin America are demanding, and we are very pleased to be working with an industry leader in areas that our customers consider mission critical," added Nunez.
"We look forward to working with ATI in Latin America," said Stephen Gartside, Evolving Systems' president and CEO. "ATI's comprehensive regional footprint and impressive track record of system integrations in the region will help us provide our solutions to a broad range of customers, quickly and effectively."
Evolving Systems' Tertio(TM) service activation solution enables operators to replace legacy and custom-built service activation solutions with a solution that can be cheaper and easier to operate. The solution helps operators manage growth by reducing the time to activate services, decreasing the number of errors, and lowering the cost of operations. The Tertio solution, which supports Linux as well as various commercial UNIX® products, offers operators a cost-effective and scalable choice of hardware architectures. It also provides graphical tools to enable rapid service modeling, service assembly and service integration to speed up service rollout and make it simpler for carriers to use their own staff to maintain and enhance the system.
Evolving Systems' NumeriTrack® number management solution enables operators to store, assign, track and manage their telephone numbers for all services. It helps to improve customer service by providing a centralized, high performance system with instant access to accurate numbering. The NumeriTrack solution also helps to lower operational cost and effort by automating manual processes and integrating seamlessly with other OSS processes such as billing, activation and number portability. The solution provides extensive capabilities for forecasting, tracking and reporting number utilization to enable operators to manage their numbers proactively and meet any regulatory requirements.
About Evolving Systems®
Evolving Systems, Inc. (Nasdaq: EVOL - News) is a provider of software and services to more than 50 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Activation, Number Portability, Number Inventory and Mediation. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United States, United Kingdom, Germany, India and Malaysia. Further information is available on the web at www.evolving.com
About American Telecommunication Inc.
American Telecommunication Inc. initiated its activities in 1980, and is headquartered in Santiago, Chile. A value-added telecommunications integrator focused in the Latin American region, ATI currently has offices in 9 countries in Latin America and four offices in other parts of the world. It provides its customers with world-class solutions from industry leading vendors, and supports them locally 7x24 with its own engineering and support units. For more information about ATI, please visit www.amtelusa.com.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, statements about the impact of this contract on the Company's growth and future profitability are forward-looking statements. These statements are based on our expectations and are naturally subject to uncertainty and changes in circumstances. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these statements. Actual results could vary materially from these expectations.
For a more extensive discussion of Evolving Systems' business, please refer to the Company's Form 10-K filed with the SEC on March 24, 2006, as well as subsequently filed Forms 10-Q, 8-K and press releases.
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Source: Evolving Systems, Inc.
GTXI - Ipsen and GTx Enter into Partnership Agreement for The European Rights of Acapodene(R)
Thursday September 7, 1:30 am ET
GTx Conference Call & Webcast Today at 9:00 a.m. Eastern Time
PARIS & MEMPHIS, Tenn.--(BUSINESS WIRE)--Sept. 7, 2006--Ipsen, a European pharmaceutical group (Paris: IPN - News) and GTx, Inc. (Nasdaq: GTXI - News), the Men's Health Biotech Company announced today that they have entered into a definitive agreement under which Ipsen will have an exclusive license to develop and market GTx's Acapodene® (toremifene citrate) in all indications except breast cancer, in Europe (European Union, Switzerland, Norway, Iceland, Lichtenstein and the Commonwealth of Independent States) ("European Territory").
Acapodene®, a selective estrogen receptor modulator (SERM), is intended to exploit a new strategy of estrogen receptors modulation which could translate into a tangible clinical benefit in both the chemoprevention of prostate cancer in high-risk men and the treatment of multiple side effects from androgen deprivation therapy in advanced prostate cancer.
Acapodene® is currently being developed in separate pivotal Phase III clinical trials for two indications. The first indication is for the treatment of multiple side effects of androgen deprivation therapy (ADT) for advanced prostate cancer (80 mg dose). Final data from the ADT trial is expected in the second half of 2007 with an anticipated New Drug Application filing in the US in 2008. The second indication is for the prevention of prostate cancer in men with high grade prostatic intraepithelial neoplasia (HGPIN)(20 mg dose). GTx expects to conduct an interim efficacy analysis between the second half of 2007 and first quarter of 2008 for the HGPIN indication. If the statistical parameters are achieved, GTx will proceed with the filing of a New Drug Application in the US.
Ipsen will pay to GTx EUR 23 million (approximately $30 million based on current exchange rates) upfront payment and fees. In addition, GTx may receive milestone payments from Ipsen of EUR 39 million ($50 million) for Acapodene®, depending on the successful development and European launch of Acapodene® and subject to certain conditions for HGPIN: up to EUR 9 million ($12 million) for the ADT Indication, up to EUR 20 million ($26 million) for the HGPIN Indication and up to EUR 10 million ($13 million) as additional milestone payments. As from execution of the agreement, Ipsen will pay all clinical development, regulatory and launch expenses to commercialize Acapodene® in the European Territory. Ipsen may pay a portion of GTx's Acapodene® development costs in the U.S. if certain conditions are met. Ipsen has agreed to pay GTx a graduating royalty on net sales in the mid-teens which could reach the mid-twenties based on certain sales price thresholds being met. GTx is responsible for paying upstream royalties for Acapodene®. Ipsen will procure the bulk material from a third party and is responsible for the secondary manufacturing of the product.
"We are excited to enter into a partnership with Ipsen for European rights to Acapodene®," said Mitchell S. Steiner, M.D., Chief Executive Officer of GTx. "Ipsen has an extensive track record of drug development and commercialization in Europe and has specific expertise marketing to urologists and oncologists. This partnership allows GTx to maintain its rights to Acapodene® in the United States, where we will build a sales force to market it to urologists and medical oncologists," Steiner said. "The upfront payment will add sufficient cash on our balance sheet to last through the first quarter of 2008, which is beyond the time when we expect to see data from both of our pivotal Phase III Acapodene® trials."
"This partnership with GTx regarding Acapodene®, a product for prostate cancer prevention and for the treatment of side effects of ADT, will further expand Ipsen's franchise of oncology products, one of our targeted therapeutic areas," said Jean-Luc Belingard, Chairman and CEO of the Ipsen Group. "It confirms Ipsen's positioning in the treatment of hormone-dependent diseases, both in oncology and endocrinology and broadens the range of our prostate cancer related product portfolio."
Acapodene®
GTx is developing Acapodene® in two pivotal Phase III clinical trials for two separate indications in men:
GTx is conducting a pivotal Phase III clinical trial evaluating Acapodene® in an 80 mg dose for the treatment of multiple side effects of ADT for advanced prostate cancer. Approximately 1,400 patients are participating in the trial, which is being conducted under a Special Protocol Assessment (SPA) with the United States Food & Drug Administration (FDA). The primary endpoint of the trial is a reduction in vertebral fractures. Other endpoints include improvements in Bone Mineral Density (BMD), hot flashes, lipid profiles and gynecomastia. In December 2005, GTx conducted a planned interim analysis of bone mineral density in the first 197 patients to complete a full year of treatment. In each of three measurements (lumbar spine, hip and femoral neck), highly statistically significant positive changes in BMD were observed in patients on Acapodene®, when compared to patients on placebo, who on average lost bone. In June 2006, GTx conducted a lipid interim analysis of the same 197 patients. Patients treated with Acapodene® had statistically significantly lower levels of total cholesterol, Low Density Lipoproteins (LDL), and triglycerides, a reduction in the ratio of total cholesterol to High Density Lipoproteins (HDL), and higher HDL, when compared to patients on placebo. The full lipid data set will be evaluated before conclusions about clinical significance of the findings can be drawn. GTx expects to receive final data from the trial in the second half of 2007.
GTx is conducting a separate pivotal Phase III clinical trial evaluating Acapodene® in a 20 mg dose for the prevention of prostate cancer in men with high grade PIN. More than 1,300 patients with high grade PIN are enrolled in the trial, which is being conducted under a SPA with the FDA. The primary endpoint of the trial is a reduction in the incidence of prostate cancer. GTx expects to conduct an interim efficacy analysis between the second half of 2007 and the first quarter of 2008. If the requisite statistical parameters are achieved, GTx will proceed with the filing of a New Drug Application.
About GTx, Inc.
GTx, headquartered in Memphis, Tenn., is a biopharmaceutical company dedicated to the discovery, development and commercialization of therapeutics for cancer and serious conditions related to men's health. GTx's lead drug discovery and development programs are focused on small molecules that selectively modulate the effects of estrogens and androgens, two essential classes of hormones. GTx is developing Acapodene® (toremifene citrate), a selective estrogen receptor modulator (SERM), in two separate clinical programs in men: first, a pivotal Phase III clinical trial for the treatment of serious side effects of ADT for advanced prostate cancer, and second, a pivotal Phase III clinical trial for the prevention of prostate cancer in high risk men with high grade prostatic intraepithelial neoplasia, or PIN. Orion Pharma is supplying Acapodene® under its license and supply agreement with GTx. GTx is developing ostarine, a selective androgen receptor modulator, or SARM, for muscle wasting and bone loss indications. Ostarine is currently being evaluated in a Phase II clinical trial in 120 elderly men and postmenopausal women. GTx expects to have data from the Phase II ostarine trial in the second half of 2006. GTx has licensed to Ortho Biotech Products, L.P., a subsidiary of Johnson & Johnson, another of its SARMs, andarine, under a joint collaboration and license agreement.
About Ipsen
Ipsen is a European pharmaceutical group with over 20 products on the market and a total worldwide staff of nearly 4,000. The company's development strategy is based on a combination of products in targeted therapeutic areas (oncology, endocrinology and neuromuscular disorders), which are growth drivers and primary care products which contribute significantly to its research financing. This strategy is also supported by an active policy of partnerships. The location of its four R&D centers (Paris, Boston, Barcelona and London) gives the Group a competitive edge in gaining access to leading university research teams and highly qualified personnel. In 2005, Research and Development expenditure reached EUR 169 million, i.e. 20.9% of consolidated sales, which amounted to EUR 807 million in the Group's pro forma accounts set up according to the IFRS. Nearly 700 people in R&D are dedicated to the discovery and development of innovative drugs for patient care. Ipsen's shares are traded on Segment A of Eurolist by Euronext (stock code: IPN, ISIN code: FR0010259150). Ipsen's internet website is www.ipsen.com.
Ipsen in oncology
Oncology is a key driver for the future of the Ipsen Group, and is also one of its targeted therapeutic area. Ipsen's leading product, Decapeptyl®, a GnRH analogue used in androgen deprivation therapy for prostate cancer, had 2005 sales of EUR 211 million. Ipsen's technology programmes in peptide and protein engineering and medicinal chemistry enable it to explore and develop new approaches in cancer treatment under hormonal control, e.g. like with steroids, growth factors and enzymes regulating cell cycle. For instance:
Decapeptyl®, a decapeptide analogue of GnRH, a hormone secreted by the hypothalamus, paradoxically act as castration agent in diseases induced by sexual hormones. Decapeptyl® is marketed in monthly or quarterly sustained release formulations, as well as in a daily formulation. Ipsen is developing sustained-release formulations of Decapeptyl® for treatment durations longer than three months and is conducting phase III clinical trials with this product in combination with an aromatase inhibitor in the treatment of breast cancer in premenopausal women.
BN 83495, a first in class steroid sulfatase inhibitor, is tested in a phase I trial in the treatment of postmenopausal women with breast cancer.
BN 2629, a DNA minor groove binding agent, is being studied in 3 phase I trials in patients with metastatic refractory solid tumours and leukemias.
Two patented cytotoxic agents, diflomotecan and elomotecan are respectively in phase II and I clinical trials are being tested in metastatic cancers.
Forward-Looking Information is Subject to Risk and Uncertainty (GTx)
This press release contains forward-looking statements based upon GTx's current expectations. Forward-looking statements involve risks and uncertainties. GTx's actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, the risks that (i) GTx will not be able to commercialize its product candidates if clinical trials do not demonstrate safety and efficacy in humans; (ii) GTx may not able to obtain required regulatory approvals to commercialize its product candidates; (iii) GTx's clinical trials may not be completed on schedule, or at all, or may otherwise be suspended or terminated; and (iv) GTx could utilize its available cash resources sooner than it currently expects and may be unable to raise capital when needed, which would force GTx to delay, reduce or eliminate its product development programs or commercialization efforts. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. GTx's annual report on form 10-Q filed with the U.S. Securities and Exchange Commission on 5 May 2006, contains a more comprehensive description of these and other risks to which GTx is subject. GTx expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
Forward-looking statements (Ipsen)
The forward-looking statements and targets contained herein are based on Ipsen's management's current views and assumptions. Such statements involve known and unknown risks and uncertainties that may cause actual results, performance or events to differ materially from those anticipated herein.
Ipsen expressly disclaims any obligation or undertaking to update or revise any forward-looking statements, targets or estimates contained in this press release to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based unless so required by applicable law. Ipsen's business is subject to the risk factors outlined in its information documents filed with the French Autorite des marches financiers.
Conference Call Information
GTx will host a conference call & webcast today at 9:00 a.m. Eastern Time. To listen to the conference call, please dial:
800-659-2037 from the United States and Canada or
617-614-2713 (International)
The access code for the call is 47021236.
A playback of the call will be available beginning today at 11:00 a.m., Eastern Time through 21 September, and may be accessed by dialing:
888-286-8010 from the United States and Canada or
617-801-6888 (International)
The reservation number for the replay is 28701566.
Additionally, you may access the live and subsequently archived webcast of the conference call from the Investor Relations section of GTx's website at http://www.gtxinc.com.
Contact:
GTx, Inc.
McDavid Stilwell, Manager, Corporate Communications
& Financial Analysis
Tel.: +1 901-523-9700
Fax: +1 901-844-8075
e-mail: mstilwell@gtxinc.com
or
Ipsen
Didier Veron, Director of Public Affairs and Corporate
Communications
Tel.: +33 (0)1 44 30 42 38
Fax: +33 (0)1 44 30 42 04
e-mail: didier.veron@ipsen.com
or
David Schilansky, Investor Relations Officer
Tel.: +33 (0)1 44 30 43 88
Fax: +33 (0)1 44 30 43 21
e-mail: david.schilansky@ipsen.com
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Source: Ipsen and GTx, Inc.
GDVI - Global Diversified Industries Addresses Company Progress, Business Strategies in Letter to Shareholders
Thursday September 7, 5:00 am ET
CHOWCHILLA, Calif., Sept. 7 /PRNewswire-FirstCall/ -- Global Diversified Industries, Inc. (OTC Bulletin Board: GDVI - News), focused on the modular building industry with emphasis on the education market (http://www.gdvi.net) , today said that a letter written to shareholders by its Chairman and CEO, Phil Hamilton, about the Company's progress and future business strategies, plus a brochure on the Company and other background information, has been sent to shareholders. The text of the letter follows:
Dear Valued Shareholder,
First and foremost, on behalf of myself and all the employees of Global Diversified Industries (GDVI) a heart felt "thank you" for the confidence you have personally shown in our company. We realize you have several investment opportunities. There may have been times you have been tempted to select another investment alternative. We understand these pressures. However, after review of our past sales growth, our position in the current marketplace, and, our unique capacity to capitalize on future market needs I am confident your enthusiasm in your GDVI investment will grow.
THE PAST
The past three years sales numbers have seen outstanding growth. Revenues for the fiscal year ending April 30, 2004 were $3.8 million. Revenues for the fiscal year ending April 30, 2005 were $9.8 million. Revenues for the fiscal year ending April 30, 2006 exceeded $14.9 million. Our emphasis has, and will continue to be the manufacturing of pre-fabricated/modular type buildings for the California educational market. Single and two story classrooms, computer and science laboratories, child care facilities, libraries, restrooms, and administrative offices define the education production line that GDVI can provide.
THE PRESENT
Today, Global Diversified employs over 140 people. Our 100,000 square foot manufacturing facility is located on 16 acres in the City of Chowchilla, the geographic center of California. Our plant can serve both Southern and Northern California marketplace, and, what a marketplace! Nearly all of California's one thousand plus public school districts are actively designing and awaiting the commencement of their facilities "modernization" mandates. Over 70% of California classrooms are over 20 years old. It is estimated over 40,000 new classrooms are required to meet current enrollment demands. With the passage of Proposition 55, over $12.3 Billion in bonds will be available for campus modernization and related facility expenditures.
To compound the crisis, over the past 24 months, three of the eight major manufacturers of modular structures with approved California Department of State Architects (DSA) building plans have 'closed-their-doors" and ceased production operations (Aurora Modular, Turnkey Schools and Eco Building Systems). The present supply shortage is REAL. Global Diversified is the single best positioned company to provide the quality modular product our public school system currently demands and needs.
THE FUTURE
No market stands still. Customer needs change and Global Diversified has, and must, meet these changes to stay a leader within this specialized industry. Several school districts have turned to 'permanent' vs. 'portable' type modular structures. These permanent modular structures attached directly to conventional concrete foundations. Global Diversified has designed and acquired state of the art "slab-on-grade" prefabricated buildings approved for California public schools. NONE of our competitors can offer this product as economically as GDVI. School administrators, architects and teachers are being introduced to Global's innovative and 'permanent' product line. Our targeted marketing approach has been tailored to showcase the permanent modular construction, without surrendering the importance of our standard modular type structure.
In addition, our 3 to 5 year business plan projects a significant increase in non-educational/commercial prefabricated modular buildings. Professional offices, restaurants, retail and commercial structures can all be more quickly and economically constructed by incorporating Global Diversified's prefabricated product line vs. conventional 'stick-build' construction.
In closing, as proud as we are of our accomplishments to date, all of us at Global Diversified realize our most challenging tasks are ahead of us. We are a manufacturer of high quality, attractive and competitive, modular buildings. We don't live on the Internet or in 'hyper-space'. Sales projections for fiscal year 2007 is estimated $20+ million and for fiscal year 2008 $30+ million. To achieve these sales and production goals we must deftly coordinate and expand our management, production and sales teams. We must continue to upgrade fabrication lines and equipment. We must expand our banking and bonding relationships. And, most importantly, secure new capital sources to fund these objectives.
California schools are experiencing and overcrowding nightmare. Conventional construction costs have skyrocketed. Government bond funding is approved and available. Three of the eight major modular classroom manufacturers have ceased production. Global Diversified not only has a superior product, but is in the position to capitalize and exploit the current production void. Every strategic piece has been identified. Now is the time to act.
Thanks for your attention and past comments. We will do everything we can to make your investment a successful one. Should you have any further questions please contact our corporate office. We encourage your comments and future support.
Sincerely,
Phil Hamilton
Chairman & CEO
About Global Diversified Industries, Inc.:
Global Diversified Industries, Inc. is a holding company whose subsidiary Global Modular, Inc. is engaged in the modular construction marketplace with an emphasis on educational projects. It incorporates the latest in construction software, allowing it to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The Company's work is found in Northern and Southern California, with numerous projects planned for school systems throughout the state.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. For investor information contact:
Paul Knopick
949-707-5365
pknopick@eandecommunications.com
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Source: Global Diversified Industries, Inc.
CNTY - Century Casinos Announces Agreement With South African Golf Professional Trevor Immelman
Thursday September 7, 2:00 am ET
COLORADO SPRINGS, Colo., Sept. 7 /PRNewswire-FirstCall/ -- Century Casinos, Inc. (Nasdaq and Vienna Stock Exchange: CNTY) announced today that the Company, through its South African subsidiary Blue Crane Signature Golf Estate (PTY) Limited ("Blue Crane"), has entered into an agreement with South African golf professional Trevor Immelman. Under the terms of this agreement, Mr. Immelman will provide design, consultancy and advisory services in respect of the design layout and plans of the 18-hole signature golf course to be built at Century Casinos' Caledon property near Cape Town, South Africa.
Century Casinos is in the process of subdividing approx. 450 out of 600 acres of its own land at its Caledon property, with plans to develop a 27 hole golf estate with approx. 450 residential homes and to link the property to the existing nine-hole municipal golf course by adding another nine holes surrounded by resort housing elements.
Trevor Immelman, one of South Africa's most popular golf professionals, is a recent US PGA Tour winner and a four-time winner on the European Tour. The Company believes that this golf development designed by Trevor Immelman Design, together with the planned resort and housing projects, will enrich Caledon's tourist infrastructure and has the potential to further stimulate the local economy as well as the Caledon Casino.
Blue Crane plans to start construction of the new golf courses as soon as all necessary approvals and permits are in place, expected in late 2007 or early 2008.
About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company that owns and operates Womacks Casino and Hotel in Cripple Creek, Colorado; owns and operates the Casino Millennium in the Marriott Hotel in Prague, Czech Republic; operates the casinos aboard the Silver Wind, Silver Cloud, The World of ResidenSea, and the vessels of Oceania Cruises; owns a 65% interest in, and has a management contract for, the Century Casino & Hotel in Central City, Colorado; and owns and has begun construction on a casino and hotel development in Edmonton, Alberta, Canada. Through its subsidiary Century Casinos Africa (PTY) Limited, it owns and operates The Caledon Hotel, Spa & Casino near Cape Town, South Africa as well as 60% of, and provides technical casino services to, the Monte Vista Casino & Conference Center, Newcastle, South Africa. Furthermore, the Company's Austrian subsidiary, Century Casinos Europe GmbH, entered into an agreement to acquire a 33.3% ownership interest in Casinos Poland Ltd. The closing of this transaction is subject to due diligence and certain conditions. The Company continues to pursue other international projects in various stages of development.
For more information about Century Casinos, visit our web site at www.centurycasinos.com. Century Casinos' common stock trades on The NASDAQ Capital Market® and the Vienna Stock Exchange under the symbol CNTY.
This release may contain forward-looking statements that involve risks and uncertainties. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive, and governmental factors affecting the Company's operations, markets, services and prices, as well as other factors detailed in the Company's filings with the Securities and Exchange Commission, including its recent filings on Forms 10-K, 10-Q, and 8-K. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.
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Source: Century Casinos, Inc.
MMIO - Marmion Industries Corp Announces Contract for Over $900,000.00 for Public School Project
Thursday September 7, 2:00 am ET
HOUSTON, Sept. 7 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIO - News; Frankfurt M6IA.F) announced today the signing of a Subcontract on July 28, 2006 for the gross sum of $998,250.00 for the demolition, renovation and replacement of the mechanical equipment and duct work on a Houston, Texas Public School. The work is scheduled to start on September 21, 2006 and should be completed within the next twelve months. "This agreement marks the continued expansion of Marmion Industries Commercial Division and is evidence that we are making tremendous progress in bringing our products and services to the customers that need them. These customers include Texas Public School Districts and the State of Texas," said W.H. Marmion, president of Marmion Industries Corp. "We are highly pleased with our rate of growth in this market."
Marmion Industries Corp (http://www.marmionair.com ) is a specialty company that manufactures and markets explosion-proof air conditioners, refrigeration systems, chemical filtration systems and building pressurizers. The explosion-proof market encompasses industries including oil and gas exploration and production, chemical plants, graineries and fuel storage depots. Additionally there is significant demand for these systems anywhere sensitive computer systems and analyzation equipment is located. Recognized by the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in the field of Heating Ventilation and Air Conditioning, as well as the Louisiana State Licensing Board of Contractors (Lic. No. 44001) as a contractor in the field of Commercial Heating Ventilation and Air Conditions and Sheetmetal. The Company commenced residential and commercial HVAC service operation in Texas in 1998 and has since provided specialty service to Fortune 500 clientele. Contact number 713-466-6585.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein the statements in this news release are forward- looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
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Source: Marmion Industries Corp
VDSI - Secure and Convenient Password Management With VASCO's Digipass Smart Pack
Thursday September 7, 3:00 am ET
VASCO Secures Authentication to Workstations, Windows Operating Systems and Citrix Terminal Server Environments; No More Need for Passwords Written Down on Sticky Notes and Crib Sheets; Important Reinforcement of VASCO's Enterprise Security Offerings; First Smart Card Based Product Based on VASCO-Logico Synergies
OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, Sept. 7 /PRNewswire-FirstCall/ -- VASCO Data Security International, Inc. ( http://www.vasco.com ) (Nasdaq: VDSI - News), the global number one vendor of strong user authentication and e-signature products, today announced that it has launched Digipass Smart Pack. Digipass Smart Pack is a smart card based password storage management solution that can be used by organisations, regardless their size or sector.
Digipass Smart Pack consists of client software, smart cards and optional card readers. The smart card contains all the passwords the user needs to logon to any of his password protected networks, including the corporate network of his employer, webmail, online subscription to a newspaper, etc. Once downloaded, Digipass Smart Pack runs by itself, without any programming.
When the client software is installed on the user's PC, the system will select the right password and automatically logon to the selected network or application. The passwords are securely stored on a PIN protected smart card.
Digipass Smart Pack combines convenience and security. As such, it is a great tool for companies that want to simplify their password management and that want to get rid of identity theft and abuse of sensitive data. Many security breaches are not due to high-tech hacking techniques, but because people write down logon passwords on notes, posted on their desk or even on their pc screen. With Digipass Smart Pack, this risk is no longer present. In addition, companies save a lot of money because they can reduce the costs related with password management.
"Digipass Smart Pack is the first result of the synergies between VASCO and the recently acquired smart card specialist Logico," said Jan Valcke, VASCO's President and COO. "As the full option, all terrain authentication company, VASCO broadens its product range and penetrates new vertical markets. Digipass Smart Pack is an important reinforcement for our Enterprise Security offerings. We will step up our efforts to become even more successful, in and beyond the financial sector."
Digipass Smart Pack will be offered to the market via VASCO's worldwide indirect sales channel and will be available in Q4 2006.
About VASCO: VASCO designs, develops, markets and supports patented user authentication products for the financial world, remote access, e-business and e-commerce. VASCO's user authentication software is delivered via its Digipass hardware and software security products. With over 25 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 500 international financial institutions and approximately 3,000 blue-chip corporations and governments located in more than 100 countries.
Forward-Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," "expects," and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.
For more information contact:
Jochem Binst, +32 2 609 97 40, jbinst@vasco.com
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Source: VASCO Data Security International, Inc.
UTSI - UTStarcom Makes Middle East Debut
Thursday September 7, 5:48 am ET
GSM>3G Middle East and Gulf Hosts UTStarcom's First Showing in the Region
DUBAI, United Arab Emirates, Sept. 7 /PRNewswire-FirstCall/ -- UTStarcom, Inc. (Nasdaq: UTSI - News), a global leader in IP-based, end-to-end networking solutions and services, is to make its debut in the Middle East at next week's GSM>3G Middle East and Gulf conference and exhibition, taking place at the Dubai International Convention Centre on 11-12 September 2006.
(Photo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO )
Visitors to the booth (no. 148) will be able to learn about UTStarcom's next generation wireless and Fixed Mobile Convergence (FMC) solutions for the region. UTStarcom's broad portfolio includes FMC products, converged IP solutions (Voice and Video over IP), and handsets and terminals. With this portfolio, UTStarcom enables carriers to consolidate their fixed and wireless, voice, data and video networks seamlessly over IP infrastructure.
"Deregulation and extensive capital injection in the Middle East telecom space are presenting significant market opportunities for UTStarcom's broad portfolio of NGN, wireless and broadband solutions," said Youssef Kassissia, VP EMEA Region, UTStarcom. "The region is already experiencing substantial growth in the mobile and broadband sectors, with mobile operators adding 34 million subscribers in 2005 -- a growth of 40%.
"With its diverse portfolio, UTStarcom is uniquely positioned to work with both fixed and mobile operators as they get ready to converge their networks and offer high margin, revenue generating applications, such as FMC and IPTV. We are also fortunate to have appointed Abir Hnidi -- a veteran of the Middle East telecoms market -- to lead our operations in this region."
UTStarcom's key featured products at GSM>3G Middle East and Gulf include:
-- MovingMedia 2000 (MM2K), which enables carriers to deliver last mile
fixed wireless broadband services.
-- Continuity FMC, which allows carriers to offer seamless mobility
management solutions between GSM/CDMA and VoIP over WiFi and WiMAX
networks.
-- RollingStream, UTStarcom's IPTV and VoD solution, which enables
carriers to provide converged content across their fixed and wireless
networks simultaneously.
-- A broad portfolio of handsets, both mobile and fixed wireless, which
can connect users to GSM, CDMA and WiFi networks.
About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in the United States, China, Korea and India. UTStarcom is a FORTUNE 1000 company.
For more information about UTStarcom, visit the company's Web site at www.utstar.com.
Forward Looking Statements
This release includes forward-looking statements, including the foregoing statements regarding anticipated continued international expansion of UTStarcom and the anticipated importance of information technology infrastructure, that are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These risk factors include rapidly changing technology, the changing nature of global telecommunications markets, the termination of significant contracts and/or strategic relationships, the direction and results of future research and development efforts, evolving product and applications standards, reduction or delays in system deployments, product transitions, potential non-realization of backlog, changes in demand for and acceptance of the Company's products, general adverse economic conditions, and trends and uncertainties such as changes in government regulation and licensing requirements. The Company also refers readers to the risk factors identified in its latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission.
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Source: UTStarcom, Inc.
AUTNF - Autonomy Powers U.S. Securities and Exchange Commission's Latest Generation of Investor Information Access
Thursday September 7, 3:00 am ET
Full Text Search for EDGAR Filings Offers Easy Access to a Massive Store of Critical Investor Information
CAMBRIDGE, England, September 7 /PRNewswire-FirstCall/ -- Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced that the United States Securities and Exchange Commission's information about companies and mutual funds is now fully searchable online, powered by Autonomy. Investors and analysts can now search the full text of the SEC's EDGAR (Electronic Document, Gathering, Analysis and Retrieval) database of company filings for the last two years.
The mission of the SEC is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. The SEC is widely acknowledged as the world's premier securities regulator. To help support investor education, the SEC offers the public a wealth of educational information on its Internet website, which includes the EDGAR database of disclosure documents that public companies are required to file.
SEC Chairman Christopher Cox commented in June 2006 that the launch of EDGAR Full Text Search "is a giant leap for America's 90 million investors toward tapping the full potential of the Internet to provide customized financial information. This new full-text search capability will give investors and analysts instant access to the specific information they want."
Dr. Mike Lynch, founder and CEO of Autonomy, commented: "We are delighted that Autonomy is able to play a key role in the dissemination and availability of critical investor information. By enhancing access to the EDGAR store of information Autonomy is enabling the further transparency in financial markets that is critical to their effective functioning. By applying Autonomy's core technology to EDGAR, all investors are reaping the benefits of improved information processing and access."
About Autonomy
Autonomy Corporation plc (LSE: AU. or AU.L) is a global leader in infrastructure software for the enterprise and is spearheading the meaning-based computing movement. Autonomy's technology forms a conceptual and contextual understanding of any piece of electronic data including unstructured information, be it text, email, voice or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including information access technology, BI, CRM, KM, call center solutions, rich media management, compliance and litigation solutions and security applications, and is recognized by industry analysts as the clear leader in enterprise search.
Autonomy's customer base comprises more than 16,000 global companies and organizations including BAE Systems, Boeing, Ford, Daimler Chrysler, Shell, AOL, BBC, Reuters, Hutchison 3G, Ericsson, T-Mobile, Coca Cola, Kraft Foods, Nestle, Lloyds TSB, GlaxoSmithKline, KPMG, Citigroup, ABN AMRO, Deutsche Bank, Nomura, the U.S. Securities and Exchange Commission, the New York Stock Exchange, the U.S. Department of Homeland Security, NASA and the U.S. Department of Energy. Autonomy has over 300 OEM partners and more than 350 VARs and Integrators, numbering among them leading companies such as BEA, Business Objects, Citrix, EDS, IBM Global Services, Novell, Vignette, Tibco, Stellent, Symantec and Sybase. The company has offices worldwide.
The Autonomy Group includes: Aungate, specialist in Real-Time Enterprise Governance; Virage, a visionary in Rich Media Management and Security and Surveillance technology; etalk, award-winning provider of enterprise-class contact center products, Cardiff, a leader in content capture and business process management solutions, and Ultraseek, a leading provider of business search engines.
Autonomy and the Autonomy logo are registered trademarks or trademarks of
Autonomy Corporation plc. All other trademarks are the property of their
respective owners.
Contacts:
Ian Black
Autonomy
+44-(0)1223-448000
ianb@autonomy.com
Edward Bridges
Financial Dynamics
+44-(0)207-831-3113
edward.bridges@fd.com
Ali Merifield
Bite Communications ltd (UK)
+44-(0)20-8834-3441
+44-(0)20-8741-1123
ali.merifield@bitepr.com
Marijke Shugrue
Bite Communications ltd (US)
+1-212-857-9376
marijke.shugrue@bitepr.com
--------------------------------------------------------------------------------
Source: Autonomy Corporation plc
General consensus needed, How many
want to read post by ohiobuckkeye about football?
this after an argument with him telling him not too?
shaking my head.
FCSE - Focus Enhancements Streamlines High Definition Workflow at IBC
Thursday September 7, 4:00 am ET
From Tapeless Acquisition and Mixing to Display and Media Asset Management, Focus Enhancements Encompasses the IBC Mantra, "Creation, Management, Delivery"
AMSTERDAM, THE NETHERLANDS--(MARKET WIRE)--Sep 7, 2006 -- IBC Booth 9.431-- Focus Enhancements, Inc. (NASDAQ:FCSE - News), a worldwide leader in video production and conversion technology, will showcase glass-to-glass HD and SD workflow solutions for media professionals at IBC.
IBC is the leading event for professionals involved in the creation, management and delivery of entertainment content. Focus Enhancements will demonstrate its full line-up of solutions during IBC Expo at the Amsterdam RAI from September 8 - 12 in stand number 9.431.
"Focus Enhancements delivers a series of high quality products from acquisition, over mixing, archiving and displaying to manage the tapeless future," said Brett Boyer, president and CEO of Focus Enhancements. "With a full line-up of high performance 'glass-to-glass' solutions, Focus Enhancements optimizes video workflow and media asset management, saving significant time and money along the way."
The company is highlighting several real world scenarios including:
-- Video Production: Tapeless acquisition in HD for HDV and P2-Camcorders
-- Media Asset Management: From ingest, storage to playout
-- Digital Signage: SD and HD solutions for retail and museum
applications
Video Production
After the release of the portable FireStore FS-4 Direct To Edit® (DTE) Recorder at last year's IBC, the company is announcing added support of HDV formats for Apple Final Cut Pro and AVID DV Xpress HD. Focus Enhancements is also showing its latest development for Panasonic P2 cameras: Focus FireStore FS-100 with DVCPRO HD support.
Focus FireStore FS-4 Pro HD now also supports Quicktime HDV for HDV cameras.
The portable FireStore FS-4 HD delivers HD and DV acquisition solutions from the field to the editing room, enabling videographers to record HD or DV streams directly to disk via FireWire from leading HDV and DV camcorders and decks including those from Sony, Canon, JVC, and Panasonic. FireStore then connects directly to Mac/Windows-based editing systems, allowing video professionals to edit content directly from the FS-4 HD. When in DV25 mode, users can choose from the most popular NLE file formats including Avid OMF, QuickTime, Canopus AVI, Matrox AVI and more, as well as high definition 720p or 1080i MPEG2 transport streams (.m2t).
Focus Enhancements is also displaying its complete family of other FireStore DTE products including the FS-2E Studio DTE recorder (with SDI embedded audio) FS-3 and DR-DV5000 Camera-Mount DTE recorders.
The MX-4 Digital Video Mixer is an eight-input (four composite and four S-video), four-channel mixer that provides seamless video switching, enhanced synchronized audio mixing, internal graphics storage, and Ethernet-based connectivity. The MX-4 incites creativity with more than 700 transitions and the ability to import 50 background and foreground graphics to create beautiful four-layer effects. In addition to a switcher, the MX-4 includes a frame synchronizer, TBC, and manual video adjustments.
The MX-4 DV Digital Video Mixer incorporates all the functionality found in the MX-4, and it also enables users to switch between 12 video sources (four S-video, four composite, and four DV) and includes four digital inputs and one digital output.
At IBC 2006 Focus will also present its latest version of the Focus MediaConverter, MC-2E. The MC-2E digital/analog converter is designed for broadcast and professional postproduction. It makes advanced, bidirectional video conversion affordable, reliable, and easy. With a variety of inputs and outputs, the MC-2E enables users to convert DV to analog video, analog video to DV, and analog or DV to SDI.
Media Asset Management
Tapeless video acquisition is driving the demand for affordable storage sytems, ultimately requiring remotely acquired media to move to a centralized, more accessible location.
Focus Enhancements recently announced HD support for its industry-leading ProxSys line of advanced media asset management (MAM) servers. ProxSys Media Server provides comprehensive media asset management solutions for customers that need to organize rich multi-format media, including HD content. 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 is designed for medium- and large-scale deployments in video-driven applications, including broadcast archive and play-out, TV monitoring, medical, sports analysis, education, training, and video archiving. It 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.
Digital Signage
Focus Enhancements Digital Signage products enable the management, distribution, and broadcast of HD and SD video and high resolution graphics over terrestrial and satellite networks using networked media servers and players and intelligent software. At IBC, Focus Enhancements is spotlighting its Mantis MG Enterprise Media Gateway, which enables the deployment of numerous digital media applications across multiple locations. Mantis MG provides the flexibility to scale HD and SD channels with cross channel synchronization to support multiple monitors in fully customizable installations. With a large 3U form factor design and affordable price, Mantis MG offers scheduled or interactive playback supporting up to four HD or eight SD independent outputs together with 16- and 32-bit accelerated graphics. The company is also featuring its benchmark-setting Digital Signage media players: FireFly SC, MC, and MZ.
For more information on Focus Enhancements and its products, please visit www.focusinfo.com.
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 System 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 07, 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.
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
Focus Public Relations:
Ramin Ekhtiar
FutureWorks, Inc.
408.428.0895 ext 102
Email Contact
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Source: Focus Enhancements
NASDAQ Announces It Will Create an Options Market
Thursday September 7, 4:00 am ET
NEW YORK, Sept. 7, 2006 (PRIMEZONE) -- The Nasdaq Stock Market, Inc. (NASDAQ:NDAQ - News) today announced plans to introduce an equity and index options market in the third quarter of 2007, pending approval from the Securities and Exchange Commission (SEC). NASDAQ will develop the NASDAQ Options Market to leverage its core strengths of high performance technology and connectivity.
``The options market is on the verge of a transformative change, driven by the SEC's call for quotes in increments of pennies versus nickels,' said Chris Concannon, Executive Vice President of The Nasdaq Stock Market, Inc. ``The move to decimalization will shift the competitive landscape toward market platforms that are equipped to handle extremely high volume with an equally high level of efficiency. The NASDAQ Options Market will leverage NASDAQ's fast, fair and transparent equities trading system that it acquired through the INET acquisition.'
NASDAQ plans to operate a fully automated, price/time priority market with an opportunity for price improvement that provides a level playing field to all participants. The NASDAQ Options Market will be the first options trading platform to offer true price/time priority.
NASDAQ entered the options market in April 2006 with its announcement that it would provide connectivity and order routing to options exchanges. NASDAQ will continue to offer routing to competing exchanges through its options trading platform.
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit http://www.nasdaqfacts.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the proposed equity and index options market and its benefits. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ's control. These factors include, but are not limited to factors detailed in NASDAQ's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Contact:
NASDAQ
Bethany Sherman
(212) 401-8714
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Source: The Nasdaq Stock Market, Inc.
GEX - TelecityRedbus Closes $62 Million Globix UK Acquisition
Thursday September 7, 4:00 am ET
Merger of TelecityRedbus and Globix Creates Europe's Most Advanced Data Centre and Managed Services Company
LONDON, Sept. 7, 2006 (PRIMEZONE) -- TelecityRedbus today announced that it has completed its $62 million (approximately GBP33 million) acquisition of Globix Corporation's wholly-owned UK subsidiary, Globix Holdings (UK) Limited (``Globix UK'').
The merged businesses have created one of Europe's most advanced data centre networks, providing businesses with over 550,000 sft of high-tech hosting infrastructure in 19 fully-fitted data centres, across seven European countries.
The acquisition also includes Globix' industry-leading Internet network infrastructure, providing direct high-speed links to the major European business hubs of Paris, Frankfurt and Madrid. In addition, Globix brings one of the industry's most complete portfolios of managed services including managed hosting solutions, disaster recovery, network security and application management.
``The acquisition of Globix UK puts TelecityRedbus in an unrivaled position. We are now able to provide new and existing customers with the most advanced data centre services in Europe,'' said Mike Tobin, CEO of TelecityRedbus. ``Globix has a significant presence in the market, and we have combined the strengths of Globix' infrastructure and employees with our own business to ensure that our customers are able to take full advantage of the burgeoning Internet market. We will continue to look at other complementary acquisitions in the future,'' continued Mike.
The acquisition will:
-- Expand TelecityRedbus' operational footprint to 550,000 sft in 19
fully-fitted data centres, across seven European countries
-- Deliver a comprehensive portfolio of managed data centre services
to over 2,000 customers from FTSE 100 companies through to SMEs
and the public sector
-- Broaden and deepen market and product knowledge to enable the rapid
delivery of new products and service solutions
``Both companies had reached a similar level of maturity, and market conditions for an acquisition were favorable,'' said Philip Cheek, Managing Director, Globix UK. ``TelecityRedbus and Globix have extremely complementary businesses and the motivation for this deal was simply to create the leading provider of data centre services in Europe. Combining both these forces will bring huge benefits and opportunities to businesses looking to benefit from the Internet.''
The integration of the two businesses will commence immediately and will be completed towards the end of the year.
Mike Tobin will continue as the CEO and Philip Cheek, Managing Director of Globix UK will be responsible for the integration of the two businesses. The Globix management team will remain with the company and take on senior positions.
TelecityRedbus now has over 300 employees and is continuing to grow its operations. It projects a combined turnover of at least GBP76 million for 2006.
The Globix Corporation logo is available at http://media.primezone.com/prs/single/?pkgid=487
Notes to Editors
Combined customer list
TelecityRedbus will add Globix' 400 customers including Lloyds TSB, The Telegraph, Carphone Warehouse, 888.com and Ebookers, to its client base, which already includes major UK brands including the BBC, Guardian Unlimited, Sony Computer Entertainment and FriendsReunited, creating a combined customer base of over 2,000.
About TelecityRedbus
TelecityRedbus is a leading data centre and managed services company, operating one of the largest networks of carrier-diverse data centre facilities in Europe. TelecityRedbus offers content rich digital businesses, corporate enterprises, communications service providers and the public sector flexible, scalable data centre and IT infrastructure hosting solutions enabling them to meet the growing demands of the 24x7 economy.
On 6 September 2006, TelecityRedbus acquired the European business and assets of Globix Corporation, a leading provider of Internet infrastructure and managed services. TelecityRedbus now has over 300 employees supporting 19 fully fitted data centres across seven European countries, enhancing its position as one of the largest and most advanced data centre infrastructure and managed service providers in Europe.
Contact:
Nelson Bostock Communications (for Globix)
Caroline Howlett
caroline.howlett@nelsonbostock.com
Dan Warren
dan.warren@nelsonbostock.com
+44 (0)20 7229 4400
Hotwire Communications (for TelecityRedbus)
Alex Maclaverty
+44 (0) 20 7608 4636 / +44 (0) 20 7608 4637
alex.maclaverty@hotwirepr.com
TelecityRedbus
James Tyler
+ 44 (0) 20 7519 4858
James.tyler@telecityredbus.com
--------------------------------------------------------------------------------
Source: Globix Corporation
GDVI - Global Diversified Industries Addresses Company Progress, Business Strategies in Letter to Shareholders
Thursday September 7, 5:00 am ET
CHOWCHILLA, Calif., Sept. 7 /PRNewswire-FirstCall/ -- Global Diversified Industries, Inc. (OTC Bulletin Board: GDVI - News), focused on the modular building industry with emphasis on the education market (http://www.gdvi.net) , today said that a letter written to shareholders by its Chairman and CEO, Phil Hamilton, about the Company's progress and future business strategies, plus a brochure on the Company and other background information, has been sent to shareholders. The text of the letter follows:
Dear Valued Shareholder,
First and foremost, on behalf of myself and all the employees of Global Diversified Industries (GDVI) a heart felt "thank you" for the confidence you have personally shown in our company. We realize you have several investment opportunities. There may have been times you have been tempted to select another investment alternative. We understand these pressures. However, after review of our past sales growth, our position in the current marketplace, and, our unique capacity to capitalize on future market needs I am confident your enthusiasm in your GDVI investment will grow.
THE PAST
The past three years sales numbers have seen outstanding growth. Revenues for the fiscal year ending April 30, 2004 were $3.8 million. Revenues for the fiscal year ending April 30, 2005 were $9.8 million. Revenues for the fiscal year ending April 30, 2006 exceeded $14.9 million. Our emphasis has, and will continue to be the manufacturing of pre-fabricated/modular type buildings for the California educational market. Single and two story classrooms, computer and science laboratories, child care facilities, libraries, restrooms, and administrative offices define the education production line that GDVI can provide.
THE PRESENT
Today, Global Diversified employs over 140 people. Our 100,000 square foot manufacturing facility is located on 16 acres in the City of Chowchilla, the geographic center of California. Our plant can serve both Southern and Northern California marketplace, and, what a marketplace! Nearly all of California's one thousand plus public school districts are actively designing and awaiting the commencement of their facilities "modernization" mandates. Over 70% of California classrooms are over 20 years old. It is estimated over 40,000 new classrooms are required to meet current enrollment demands. With the passage of Proposition 55, over $12.3 Billion in bonds will be available for campus modernization and related facility expenditures.
To compound the crisis, over the past 24 months, three of the eight major manufacturers of modular structures with approved California Department of State Architects (DSA) building plans have 'closed-their-doors" and ceased production operations (Aurora Modular, Turnkey Schools and Eco Building Systems). The present supply shortage is REAL. Global Diversified is the single best positioned company to provide the quality modular product our public school system currently demands and needs.
THE FUTURE
No market stands still. Customer needs change and Global Diversified has, and must, meet these changes to stay a leader within this specialized industry. Several school districts have turned to 'permanent' vs. 'portable' type modular structures. These permanent modular structures attached directly to conventional concrete foundations. Global Diversified has designed and acquired state of the art "slab-on-grade" prefabricated buildings approved for California public schools. NONE of our competitors can offer this product as economically as GDVI. School administrators, architects and teachers are being introduced to Global's innovative and 'permanent' product line. Our targeted marketing approach has been tailored to showcase the permanent modular construction, without surrendering the importance of our standard modular type structure.
In addition, our 3 to 5 year business plan projects a significant increase in non-educational/commercial prefabricated modular buildings. Professional offices, restaurants, retail and commercial structures can all be more quickly and economically constructed by incorporating Global Diversified's prefabricated product line vs. conventional 'stick-build' construction.
In closing, as proud as we are of our accomplishments to date, all of us at Global Diversified realize our most challenging tasks are ahead of us. We are a manufacturer of high quality, attractive and competitive, modular buildings. We don't live on the Internet or in 'hyper-space'. Sales projections for fiscal year 2007 is estimated $20+ million and for fiscal year 2008 $30+ million. To achieve these sales and production goals we must deftly coordinate and expand our management, production and sales teams. We must continue to upgrade fabrication lines and equipment. We must expand our banking and bonding relationships. And, most importantly, secure new capital sources to fund these objectives.
California schools are experiencing and overcrowding nightmare. Conventional construction costs have skyrocketed. Government bond funding is approved and available. Three of the eight major modular classroom manufacturers have ceased production. Global Diversified not only has a superior product, but is in the position to capitalize and exploit the current production void. Every strategic piece has been identified. Now is the time to act.
Thanks for your attention and past comments. We will do everything we can to make your investment a successful one. Should you have any further questions please contact our corporate office. We encourage your comments and future support.
Sincerely,
Phil Hamilton
Chairman & CEO
About Global Diversified Industries, Inc.:
Global Diversified Industries, Inc. is a holding company whose subsidiary Global Modular, Inc. is engaged in the modular construction marketplace with an emphasis on educational projects. It incorporates the latest in construction software, allowing it to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The Company's work is found in Northern and Southern California, with numerous projects planned for school systems throughout the state.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. For investor information contact:
Paul Knopick
949-707-5365
pknopick@eandecommunications.com
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Source: Global Diversified Industries, Inc.
LD, you can read in the ibox here...
http://www.investorshub.com/boards/board.asp?board_id=107
how to add images.
Yes.
Rich1225,
I am getting very tired of deleting your post where you need to bring up other stocks...knock it off.
TIA
Please go find a sports board to yack if ya need to talk that BS and stick to the subject. TIA
"an all out attempt to disrupt this board." It would help if every one would just learn to use the ignore button. instead of all the personal attacks per, staying on topic helps also.