Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OPLO's L2 is very thin.
Congrats to those who got in today. I wish I had the fund available today.
Maybe there'll finish the rest 94 million
Any update on what's the current float? Is it close to 4 billion?
BB,
BFHJ--bottom and up.
L2 is thinning out. Might see a pop next week.
Lucky you.
0.0024 no fill either. Will stop chasing.
Trying 0.0024
Tried 0.0022 but no fill.
Everyone's on holiday? I believe this is the news most are expecting and it'll keep coming when new orders are confirmed. It'll be explosive when everyone comes back.
News for 'IDTA' - (International Drug & Explosives Detection Firm IDenta Corp. Updates on 2009 San Diego Explosives Detection Symposium and Workshop)
JERUSALEM, Dec 21, 2009 /PRNewswire-FirstCall via COMTEX/ -- IDenta Corp. (Pink
Sheets: IDTA) As a result of the 2009 Explosives Detection Symposium and
Workshop held in San Diego (press release of Dec. 1), IDenta is happy to report
that the company is in the final stage of signing an agreement with an American
federal agency to supply an initial order of 100,000 (one hundred thousand)
explosive detection kits. In the last couple of weeks, IDenta has been in
constant contact with the agency to close the technical and logistics issues.
IDenta Corp. CEO Yaacov Shoham commented, "This order, which we expect to sign
in the very near future, will be, in our opinion, the first of many orders from
other American federal agencies and from other countries. We expect these orders
due to the superiority of the IDenta Alert explosive detection kits."
The 2009 San Diego Explosives Detection Symposium and Workshop was a huge
success and requests for information and samples of IDenta explosive kits have
been enormous.
Some of the requests are from very important American law enforcement or
military agencies like: FBI-Quantico, Department of Defense, Homeland Security,
Analytical Microscopy Group National Institute of Standards and Technology,
NavAIR, Naval Air Warfare Center Weapons Division, 930 CAST, US Army for
Afghanistan and Iraq, Office of the Deputy Sec of Defense, US Customs and Border
Protection, Bureau of Alcohol, Tobacco, Firearms and Explosives, etc.
ABOUT IDENTA
Since 2003, IDenta Corporation has been recognized as a worldwide leader in the
development of proprietary on-site drug, drug precursor and explosive detection
kits. IDenta develops, manufactures and distributes products for both the
professional and civil markets which consistently pass the highest
qualifications and testing procedures of law enforcement and security agencies
around the world.
Information concerning IDenta's entire product line may be found at
www.IDenta.biz
DISCLAIMER
Certain of the statements contained herein may be, within the meaning of the
federal securities laws, "forward-looking statements" that are subject to risks
and uncertainties that could cause actual results to differ materially from
those described in the 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. These forward-looking
statements are based on management's expectations as of the date hereof, and the
company does not undertake any responsibility to update any of these statements
in the future.
For Investor Relations, lobbying interests or information concerning IDenta's
products internationally or the development of new chemical detectors, contact:
Yaacov Shoham, IDenta Corp., CEO, Tel: +972-52-6554487, fpi@drugsdetector.com,
www.identa.biz.
For information about the Accutest(R) - IDenta products in the US, please
contact: Mr. Eyal Golan, COO, JANT PHARMACAL CORPORATION, 16255 Ventura Blvd.
#505, Encino, CA 91436, Toll Free: 800-676-5565, 661-478-0582 (mobile),
golan@accutest.net, www.accutestidenta.net.
SOURCE IDenta Corp.
URL: http://www.IDenta.biz
www.prnewswire.com
Anyone know what the current share structure is? Was the float to be maxed out yet?
BB, what's your take on POPN? Is it at bottom yet? Thanks.
Indeed very cool.
Good or Bad?
FiberTower Announces Expiration of Exchange Offer For Its 9.00% Convertible Senior Secured Notes Due 2012
37 minutes ago - Pr Newswire
Related Companies
Symbol Last %Chg
FTWR 0.53 0.00%
As of 3:59 PM ET 12/1/09
FiberTower Corporation (Nasdaq: FTWR), a wireless services backhaul provider, today announced the expiration and final results of its exchange offer and consent solicitation relating to its outstanding 9.00% Convertible Senior Secured Notes due 2012 (the "Existing Notes"). The Exchange Offer expired at 5:00 p.m., New York City time, on December 1, 2009.
As of the expiration of the exchange offer, the Company had received tenders in respect of $266.8 million aggregate principal amount of Existing Notes, representing approximately 90.8% of the outstanding Existing Notes, all of which have been accepted by the Company for exchange. The Company expects to close the exchange of the Existing Notes on Monday December 7, 2009.
FiberTower is exchanging the Existing Notes for its 9.00% Mandatorily Redeemable Convertible Senior Secured Notes due 2012 (the "Interim Notes"), which will, upon the satisfaction of certain conditions, be mandatorily redeemable for cash, shares of FiberTower common stock and new 9.00% Senior Secured Notes (the "New Notes"). The conditions to the mandatory redemption of the Interim Notes include, among others, shareholder approval of the issuance the shares of common stock to be issued in the redemption and FCC approval of the change of control that will result from the redemption.
The Interim Notes, the New Notes and the common stock issuable by the Company have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"). The Company is relying on Section 3(a)(9) of the Securities Act to exempt the securities issuable in the exchange offer from the registration requirements of the Securities Act.
About FiberTower
FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class microwave and fiber networks in 13 major markets, master service agreements with nine U.S. wireless carriers, and partnerships with the largest tower operators in the U.S., FiberTower is considered to be the leading alternative carrier for wireless backhaul. FiberTower also provides backhaul and access services to the government and enterprise markets. For more information, please visit our website at www.fibertower.com.
Forward-Looking Statements
This news release includes "forward-looking" statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. These include statements regarding, among other things, the exchange offer may not be consummated, our financial and business prospects, the deployment of our services, capital requirements, financing prospects, planned capital expenditures, expected cost per site, anticipated customer growth, expansion plans, and anticipated cash balances. There can be no assurance that the exchange offer and the consent solicitations will be completed, either because the minimum tender conditions to complete the transaction may not be satisfied, or otherwise. There are many risks, uncertainties and other factors that can prevent the achievement of goals or cause results to differ materially from those expressed or implied by these forward-looking statements including, among other things, negative cash flows and operating losses, additional liquidity requirements, potential loss of significant customers, downturns in the wireless communication industry, regulatory costs and restrictions, potential loss of FCC licenses, equipment supply disruptions and cost increases, competition from alternative backhaul service providers and technologies, along with those risk factors described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the SEC.
Common shares will be canceled.
0.0008 X 0.0009, only 2 left at the ask. It's getting loose.
Yeah. Thought it might go higher again.
Thanks a lot.
Hi Mary,
Can you help make a chart on HILL? Thanks a lot.
Moneytome
Dilution unstopped. Company seems to want their stock going to double zeroes.
Nite is in control now. Seems it has some shares.
900k at 0.0187. It's gonna blow.
WDCO now at 0.016. Seems it's giving some space.
Put in an order at 0.014 an hour ago and it's not filled. MMs short?
EDIT: Got filled after I typed the message. LOL.
Guess I'll just give up. Hope next time I'll be in.
I put in at 0.0025 and it won't fill.
Could be. Or someone wants to accumulate more for the run. But WDCO has been there quite a while and every time it appears on the ask, the price will drop.
Seller WDCO back in town. Who is that seller?
Why the company is still IVoice Technology,NOT I Green Innovation? I thought they want to change it yesterday. Hope it's not a joke. LOL.
I would say you guys saved a lot of bagholders from early 2009. Now hope you won't become a bagholder. LOL.
'EGT' News --
-Chairman & CEO Clarence Chung Extends Employment Contract Through 2012
Elixir Gaming Technologies, Inc. (NYSE Amex: EGT) ("Elixir Gaming" or "the Company"), a leading technology and solutions provider to the Pan-Asian gaming industry, today reported operating results for the third quarter ended September 30, 2009 and reviewed recent corporate progress.
Recent Highlights:
-- Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, and non-cash charges) was $0.3 million for the third quarter of 2009.
-- Total net revenue from gaming machines on participation for the third quarter 2009 was $1.8 million, an increase of 5% on a quarterly sequential basis reflecting solid performance at NagaWorld and despite the challenges from severe adverse weather in the Philippines.
-- Average consolidated win per unit per day (WUD) for the third quarter 2009 was $86, a decrease of 9% on a quarterly sequential basis due to severe adverse weather conditions in the Philippines and the ramp up of additional machine placements at NagaWorld during the quarter. Average consolidated WUD for the month of October improved to $92.
-- As of October 31, 2009, total installed units in operation were 1,286 in eight venues, comprised of seven venues in the Philippines with a total of 902 installed units and one venue in Cambodia with a total of 384 installed units.
-- Continued progress on initiatives to reduce recurring operating costs with third quarter 2009 cash SG&A expense down 20% from the prior quarter and 61% from the year-ago period.
-- $4.7 million in cash as of September 30, 2009, after an advance payment of $5.84 million paid to NagaWorld under the previously announced additional machine placement arrangement.
-- Chairman and Chief Executive Officer, Clarence Chung, extends employment contract through 2012.
Clarence Chung, Chairman and Chief Executive Officer of Elixir Gaming, commented, "I am pleased to report that Elixir Gaming posted solid financial results for our third quarter period with the achievement of quarterly sequential participation revenue growth from record second quarter 2009 levels and the second consecutive quarter of positive adjusted EBITDA since our new business model was enacted in September 2007. This performance was a direct reflection of our accomplishments over the last 12 months to restructure our operations and streamline our cost structure and, importantly, was achieved despite challenges due to severe weather conditions in one of our markets during the quarter. With solid momentum in our core gaming participation operations, the successful refocusing of our operations and execution of our cost reduction initiatives, and improved financial flexibility, Elixir Gaming is better positioned to capitalize on selected expansion opportunities and grow shareholder value."
Solid Net Win per Unit per Day (WUD) for Gaming Machine Participation Operations
Consolidated average WUD for the third quarter 2009 was $86, down 9% from the second quarter 2009 and up 83% from the prior-year period. The sequential quarterly decline was primarily driven by severe adverse weather conditions in the Philippines and the ramp up of additional machine placements at NagaWorld during the quarter.
Average WUD for the quarter for Cambodia was $187, down 5% from $197 in the second quarter of 2009. Since the Company's initial machine placements at NagaWorld at the end of January 2009, Elixir Gaming has experienced aggressive growth in average WUD. From May through August 2009, the Company achieved average monthly WUD in excess of $200 on a stable average operating machine base of approximately 240 units. In September, average WUD for the Company's operations in Cambodia declined to $129 mainly due to the addition of approximately 170 machines, which became operational on September 9, 2009. In October, the average WUD improved 19% from September to $153 on a total of 384 installed units, reflecting the benefit of additional marketing programs and the normal ramp up time needed for new machine installations.
Average WUD for the quarter in the Philippines decreased to $53, down 9% from the second quarter 2009 and up 10% from $48 in the prior-year period. The quarterly sequential decline reflects the severe adverse weather conditions due to tropical storms, including Tropical Storm Ondoy which resulted in 40-year record flooding in certain areas of the country including Metro-Manila. With a return to normal business activities after the recent storms, the Company's continued focus on implementing more targeted marketing and promotion initiatives, and routine machine floor mix shifts, Elixir Gaming has improved average WUD in the Philippines to $60 for the month of October, up 13% from the third quarter 2009 level.
The strength of the Company's operations in NagaWorld and overall growth in gaming machine placements have served to more than offset the softness in the Philippine operations early in the fourth quarter due to the storms. As a result, Elixir Gaming projects quarterly sequential improvement in total gaming machine participation revenue in the fourth quarter of 2009.
Clarence Chung continued, "Elixir Gaming's successful and recently expanded operations at NagaWorld demonstrate our expertise in slot management. We continue to work with our partners there to develop and implement marketing strategies aimed at maximizing gaming participation revenue and average net win results from our growing base of installed units.
"In the Philippines, we continue to be proactive in our efforts to improve net wins and are working closely with our venue partners in this market on the implementation of additional marketing and promotional initiatives. While we had experienced some disruption due to the effects of the severe weather, we continue to expect to realize the full benefits of these initiatives in several quarters time. In addition, with the incremental benefit of several new, well-located venues that have recently become operational, we remain confident that we can improve participation revenue and net wins per machine derived from our venues in the Philippines over the long term."
Gaming Machine Installation Growth
Elixir Gaming's operating machine base as of October 31, 2009 was 1,286, up 24% from the end of the second quarter of 2009. As of October 31, 2009, the Company had a total of eight venues in operation, comprised of seven venues in the Philippines with a total of 902 installed units and one venue in Cambodia with a total of 384 installed units. This compares to a total of six venues in operation, comprised of five venues in the Philippines with a total of 797 installed units and one venue in Cambodia with a total of 240 installed units as of June 30, 2009.
The growth in the Company's operating machine base since the end of the second quarter of 2009 was driven by the opening of three new venues in the Philippines with a total of 330 machine placements and the addition of 168 machine placements at NagaWorld under its expansion contract. These additional machine placements were offset by the removal of a total of 249 machines as a result of the closure of one under-performing venue in the Philippines and routine machine mix shifts driven by Elixir Gaming's strategic initiatives to optimize WUD.
The Company continues to focus on growing its installed machine base. Based on its current rollout plans, Elixir Gaming anticipates it will end the year with a total installed base of 1,300 to 1,400 machines. In addition, the Company is evaluating the exercise of its option under its July 2009 expansion contract with NagaWorld to add up to 200 more machines in prominent locations on the casino floor at NagaWorld with an initial commitment of at least 100 additional machines. Elixir Gaming's option expires on December 31, 2009 and the Company has a first right of refusal option on the designated casino floor space until February 28, 2010.
Elixir Gaming currently has approximately 1,000 gaming machines in inventory. In an effort to formulate its future deployment plans, the Company is commencing an assessment of the usability of these machines with a view to optimize machine performance and will determine if a potential adjustment to the valuation of these machines is needed.
Mr. Chung added, "We remain focused on selectively growing our installed base and we continue to explore expansion opportunities in our existing and new markets for potential deployment as early as the first half of 2010."
Successful Implementation of Cost Reduction Initiatives
While executing measures to improve WUD and expand the Company's installed base, Elixir Gaming has continued to successfully execute against its expense reduction initiatives and materially streamline its cost structure. Elixir Gaming reduced selling, general, and administrative (SG&A) cash expense for the third quarter to $1.5 million representing a dramatic decline of 20% from the second quarter 2009 and 61% from the year-ago period.
Based on the Company's successful execution of its cost reduction initiatives and its current scale of operations, Elixir Gaming expects to maintain quarterly SG&A cash expense in an approximate range of $1.5 to $1.8 million. Maintaining quarterly SG&A cash expense within this range would represent annualized savings of 53% to 60% in this metric compared to 2008 levels, and would provide further flexibility to pursue growth.
Chairman & Chief Executive Officer Renews Employment Contract
The Company also announced today that Chairman and Chief Executive Officer, Clarence Chung, renewed his employment contract as the Company's Chief Executive Officer for a term of three years commencing from January 1, 2010 to December 31, 2012 and may be renewed thereafter subject to further agreement between the parties. His annual salary remains $1.00 and he will be entitled to a discretionary performance bonus to be determined by the Company's Compensation Committee payable upon achievement of certain objectives set by the Compensation Committee. Mr. Chung's existing contract is set to expire December 31, 2009.
Mr. Chung commented, "I am very pleased to have the opportunity to serve the Company and our shareholders for the next three years. We have made good progress over the last year, which I believe provides a strong foundation for future growth."
Q3 2009 Financial Review
Historical revenues and expenses from the Company's portfolio of automated card verification machines and electronic card shuffling systems, which were sold to Shuffle Master on March 16, 2009, have been reclassified as discontinued operations.
Elixir Gaming's third quarter 2009 total revenues were $3.6 million compared to $5.8 million in the second quarter of 2009 and $3.4 million for the third quarter of 2008. Revenue from gaming machines on participation was $1.8 million in the third quarter of 2009 compared to revenue of $1.7 million in the second quarter of 2009 and $1.1 million in the third quarter of 2008. Revenue from gaming machines on participation was favorably impacted in the quarter by strong WUD and additional machine installations at NagaWorld, which more than offset softness in our Philippines operations due to the severe adverse weather conditions during the quarter.
In Cambodia, the Company recorded revenue from gaming machines on participation of $1.1 million, up 6% from the second quarter of 2009 and up 133% from the year-ago period. In the Philippines, revenue from gaming machines on participation for the third quarter of 2009 was $0.8 million, up 4% from the second quarter of 2009 and up 18% from the year-ago period.
During the third quarter of 2009, the Company continued to recognize revenue from 164 machines at one venue in the Philippines on a cash basis. However, the Company recently finalized a settlement agreement with the owner and therefore Elixir Gaming expects to recognize revenue on an accrual basis for this venue in the fourth quarter 2009 period.
Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, and non-cash charges) was $0.3 million for the third quarter of 2009 compared to $1.5 million in the second quarter of 2009, which included $3.0 million in revenue from a large RFID gaming chip order to the new City of Dreams casino in Macau, and a loss of $2.9 million in the third quarter of 2008.
Elixir Gaming reported a third quarter 2009 net loss of $3.7 million, or $0.03 per share, on a weighted average share count of approximately 115.0 million shares compared to a net loss for the third quarter of 2008 of $7.3 million, or $0.06 per share, on a weighted average share count of approximately 115.0 million shares. The third quarter 2009 net loss declined significantly compared to the net loss in the prior-year period due to: higher gaming participation revenues driven by improving average WUD; substantially reduced operating expenses; and reduced interest expense; all of which were partially offset by the higher depreciation impact on the Company's gaming machine participation business as it continues to ramp up net win results, lower sales and resulting gross margins in the Company's non-gaming business, an impairment loss related to the write-down of an intangible asset associated with the Company's chip washer patents, reduced interest income, and higher income tax expense compared to the prior-year period.
Elixir Gaming is hosting a conference call and simultaneous webcast at 8:30 a.m. ET today, November 10, both of which are open to the general public. The conference call number is 800/915-4586 or 212/231-2900. Questions and answers will be reserved for call-in analysts and investors. Interested parties may also access the live call on the Internet at www.elixirgaming.com. Please allow 15 minutes to register and download and install any necessary software. Following its completion, a replay of the call can be accessed for thirty days on the Internet at www.elixirgaming.com.
About Elixir Gaming Technologies, Inc.
Elixir Gaming Technologies, Inc. (NYSE Amex: EGT) is a provider of gaming technology solutions. The Company secures long-term contracts to provide comprehensive turn-key solutions to 3, 4, and 5 star hotels and other well-located venues in Asia that seek to offer casino gaming products. The Company retains ownership of the gaming machines and systems and receives recurring daily fees based on an agreed upon percentage of the net gaming win per machine and provides on-site maintenance. The Company has established a strategic presence in the Asia Pacific region with a focus on the Philippines and Cambodia markets. For more information please visit www.elixirgaming.com.
Forward Looking Statements
This press release contains forward-looking statements concerning Elixir Gaming, 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. Those forward-looking statements include statements regarding expectations for the business of Elixir Gaming, its working capital requirements and future revenue and profitability. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, risks related to Elixir Gaming's inability to place gaming machines at significant levels, whether the gaming machines placed generate the expected amount of net-win, the ability of Elixir Gaming to acquire additional capital as and when needed, the ability of Elixir Gaming to collect revenue and protect its assets and those other risks set forth in Elixir Gaming's annual report on Form 10-K for the year ended December 31, 2008 filed with the SEC on March 30, 2009 and our Form 10-Q for the three months ended September 30, 2009 to be filed on November 10, 2009. Elixir Gaming cautions readers not to place undue reliance on any forward-looking statements. Elixir Gaming does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
Elixir Gaming Technologies
Consolidated Statements of Operations (Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
2009 2008 2009 2008
Revenues:
Gaming machine participation $ 1,838,579 $ 1,109,144 $ 4,527,376 $ 2,396,673
Table game products 571,959 214,604 3,841,003 555,440
Non-gaming products 1,201,243 2,084,950 2,718,537 6,146,407
3,611,781 3,408,698 11,086,916 9,098,520
Operating costs and expenses:
Cost of sales gaming machine participation:
Machine depreciation 2,533,508 2,255,045 7,349,194 5,643,689
Write-down of gaming assets 117,351 -- 496,331 --
Other operating costs 370,203 446,068 885,736 655,366
Cost of table game products 274,609 405,960 2,147,670 670,736
Cost of non-gaming products 1,204,302 1,791,863 2,955,187 5,262,733
Selling, general and administrative 1,790,759 5,239,356 6,663,673 16,839,463
Impairment of assets 424,500 -- 424,500 1,368,829
Flood damage losses 98,450 -- 98,450 --
Research and development 71,744 90,995 201,291 558,816
Depreciation and amortization 237,169 306,342 801,939 763,192
Restructuring charges 3,876 -- 591,675 168,276
7,126,471 10,535,629 22,615,646 31,931,100
Loss from operations (3,514,690 ) (7,126,931 ) (11,528,730 ) (22,832,580 )
Other income /(expense):
Interest expense and finance fees (145,815 ) (290,355 ) (394,011 ) (564,876 )
Interest income 10,297 107,420 74,729 629,606
Loss on dispositions -- -- (93,698 ) (22,776 )
Foreign currency gain/(loss) (16,324 ) (3,100 ) (78,853 ) 638,427
Other 60,010 85,556 797,860 268,627
(91,832 ) (100,479 ) 306,027 949,008
Loss before income tax and discontinued operations (3,606,522 ) (7,227,410 ) (11,222,703 ) (21,883,572 )
Income tax expense (68,548 ) -- (367,642 ) (22,498 )
Net loss from continuing operations (3,675,070 ) (7,227,410 ) (11,590,345 ) (21,906,070 )
Net profit/(loss) from discontinued operations, net of tax 4,919 (89,494 ) 1,546,736 (263,431 )
Net loss $ (3,670,151 ) $ (7,316,904 ) $ (10,043,609 ) $ (22,169,501 )
Earnings /(loss) per share
Income /(loss) from continuing operations $ (0.03 ) $ (0.06 ) $ (0.10 ) $ (0.19 )
Income /(loss) from discontinued operations $ (0.00 ) $ (0.00 ) $ 0.01 $ (0.00 )
Basic and diluted loss per share $ (0.03 ) $ (0.06 ) $ (0.09 ) $ (0.19 )
Weighted average common shares outstanding 114,956,667 114,946,671 114,956,667 114,945,602
Elixir Gaming Technologies, Inc.
Consolidated Balance Sheets
September 30, December 31,
2009 2008
ASSETS (Unaudited)
Current assets:
Cash and cash equivalents $ 4,669,902 $ 14,504,433
Accounts receivable, trade, net of allowance for uncollectibles of 2,260,455 1,336,261
$392,870 in 2009 and $923,603 in 2008
Due from a related party 11,183 531,109
Other receivables 131,280 78,082
Inventories 394,141 1,096,046
Prepaid expenses and other current assets 6,593,755 1,299,487
Total current assets 14,060,716 18,845,418
Gaming equipment and systems, net of accumulated depreciation of 42,102,286 48,351,545
$12,982,714 in 2009 and $7,081,817 in 2008
Property and equipment, net of accumulated depreciation of 3,449,100 3,724,467
$3,657,806 in 2009 and $2,917,153 in 2008
Intangible assets, net of accumulated amortization of $1,638,832 in 3,127,769 4,123,403
2009 and $2,356,271 in 2008
Goodwill 84,210 84,210
Deposits and other assets 981,854 1,284,679
Total assets $ 63,805,935 $ 76,413,722
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 828,576 $ 806,538
Amount due to a related party 20,956 27,672
Accrued expenses 1,855,390 2,712,758
Deferred revenue 149,087 --
Short-term debt -- 29,372
Notes payable to a related party, current portion 1,554,075 5,884,049
Capital lease obligations, current portion 211,540 269,371
Liabilities related to discontinued operations 247,609 --
Customer deposits 98,424 1,525,569
Total current liabilities 4,965,657 11,255,329
Notes payable to a related party, net of current portion 7,724,281 6,185,088
Capital lease obligations, net of current portion 439,928 468,424
Other liabilities 903,221 525,986
Deferred tax liability 842,301 495,560
Total liabilities 14,875,388 18,930,387
Stockholders' equity:
Common stock, $.001 par value, 300,000,000 shares authorized; and 114,957 114,957
114,956,667 shares issued and outstanding
Additional paid-in-capital 414,762,732 413,987,829
Accumulated other comprehensive loss (1,336,877) (2,107,842)
Accumulated deficit (364,610,265) (354,511,609)
Total stockholders' equity 48,930,547 57,483,335
Total liabilities and stockholders' equity $ 63,805,935 $ 76,413,722
Elixir Gaming Technologies
Adjusted EBITDA
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
2009 2008 2009 2008
Net loss from continuing operations $ (3,675,070) $ (7,227,410) $ (11,590,345) $ (21,906,070)
Depreciation and amortization 2,838,975 2,661,520 8,334,030 6,714,074
Interest expense 145,815 290,355 394,011 564,876
Interest income (10,297) (107,420) (74,729) (629,606)
Income tax expense 68,548 -- 367,642 22,498
Stock option expense 328,733 1,475,063 774,903 5,842,641
Impairment/ write-down of gaming assets 541,851 -- 920,831 1,368,829
Flood damage losses 98,450 -- 98,450 --
EBITDA, as adjusted $ 337,005 $ (2,907,892) $ (775,207) $ (8,022,758)
Note: The Company defines adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, and non-cash charges.
SOURCE: Elixir Gaming Technologies, Inc.
Elixir Gaming
Traci Mangini, 312-867-0848
SVP, Corporate Finance
Hope the tomorrow's Q is what we expect and we can party again.
Exactly. Guess lots of people are waiting for that to jump in.
This sucker gaps again. Hope it's not another gap and trap.
News for 'MVBY' - (My Vintage Baby Unveils Spring 2010 Fashion Collection)
MCKINNEY, Texas, Nov 04, 2009 (BUSINESS WIRE) -- My Vintage Baby, Inc. (Pink
Sheets: MVBY), a public children's apparel company, has recently unveiled its
new Spring line. The Spring 2010 catalog is now available for viewing on the My
Vintage Baby website.
The appealing new designs range from the romantic Vintage Rose collection to the
fashion forward Leopard Limeade collection. Original designs for babies and boys
and girls are featured, as well as matching accessories including hair bows,
baby blankets, and diaper bags. Several new women's tops are also included.
In addition to the online catalog, 848 color catalogs have been mailed to
current My Vintage Baby retailers. Of these, 231 are direct sales catalogs with
information to assist retailers who would like to become My Vintage Baby Direct
Sales Representatives.
My Vintage Baby is also pleased to announce that, to date, 63 new Direct
Representatives have joined the original 18 member My Vintage Baby Direct Sales
team, bringing the total to 81 representatives in 25 states. Applications for
additional Direct Representatives for the Spring 2010 season will be accepted
through November 15, 2009.
Pre-selling of the Spring 2010 line will begin on December 1, 2009 and end on
January 31, 2010. Customers will be offered free shipping for orders placed
during this time. Shipping of orders for the Spring 2010 season is targeted to
begin in February, 2010.
ABOUT MY VINTAGE BABY:
My Vintage Baby is recognized as "a piece of yesterday for the hip child of
today." Visit My Vintage Baby Shop Direct for select children's wear and
accessories.
This press release contains "forward-looking statements," which are statements
related to future, not past, events. These forward-looking statements often
include statements regarding our goals, plans, projections and guidance
regarding our financial position, results of operations, market position,
pending and potential business strategies, and often contain words such as
"expects," "anticipates," "intends," "plans," "believes," or "seeks." Any such
forward-looking statements are not assurances of future performance and involve
risks and uncertainties that may cause results to differ materially from those
set forth in these statements. These risks and uncertainties include, among
other things, (a) general economic and business conditions, (b) the level of
strategic partner incentives, (c) the future regulatory environment, (d) our
cost of financing, (e) our ability to retain key personnel. These factors, as
well as additional factors, could affect our forward-looking statements. We urge
you to carefully consider this information. We undertake no duty to update our
forward-looking statements, including our earnings outlook.
SOURCE: My Vintage Baby, Inc.
CONTACT:
My Vintage Baby, Inc.
Morgan Boatwright, 972-548-9850 ext. 3
Investor Relations
invest@myvintagebaby.com
Copyright Business Wire 2009
-0-
KEYWORD: United States
North America
Texas
INDUSTRY KEYWORD: Catalog
Online Retail
Children
Retail
Fashion
Consumer
SUBJECT CODE: Personnel
Product/Service
IVOT--GREAT NEWS. Now see if it can run or wait until the name change finishes.
News for 'IVOT' - (B Green Innovations, Inc. Signs Distribution Agreement With Whirlpool Corporation; Whirlpool to Sell "VibeAway(TM)" Anti-Vibration Pad Made From 100% Recycled Pads Made From Scrap Tires Whirlpool Corporation Is the World's Leading Manufacturer and Marketer of Major Home Appliances, With Annual Sales of Approximately $19 Billion; "Recycling the Planet One Tire at a Time")
MATAWAN, NJ, Nov 04, 2009 (MARKETWIRE via COMTEX) -- I GREEN INNOVATIONS, Inc.
(OTCBB: IVOT), announced today its wholly owned subsidiary B Green Innovations,
Inc. has signed a distribution agreement with Whirlpool Corporation (NYSE: WHR)
to sell "VibeAway(TM)" anti-vibration pad made from 100% recycled pads made from
scrap tires. Whirlpool Corporation will distribute the "VibeAway(TM)" to
customers nationwide seeking an environmentally responsible solution.
The distribution agreement is a terrific opportunity for B Green Innovations,
Inc. to distribute products with a great brand on a national basis. We believe
that our "Green" product offering, matched with great service and the strong
consumer appeal of the Whirlpool brand will enable us to build market share and
provide a meaningful source of revenue and profit.
The demand for environmentally responsible acoustical products has increased
significantly in the past few years. The VibeAway(TM) is a welcome addition to
growing lists of products we offer to our customers which focus on reducing the
environmental impact of each project.
About B Green Innovations:
The B Green Innovations, Inc. ("B Green"), a wholly owned subsidiary of I Green,
"Go Green" mission from its inception, is to create a "Green" company for the
development of solutions to eliminate waste from the world's environment. B
Green offers consumers a realistic and necessary solution to the problem of
waste around the world. We believe that to truly have an impact on the planet,
one must be committed to the environment and seek out environmentally friendly
products.
About Whirlpool:
Whirlpool Corporation today is the world's leading manufacturer and marketer of
major home appliances. Whirlpool realizes annual sales of approximately $19
billion, has 70,000 employees and maintains 69 manufacturing and technology
research centers around the world. We market Whirlpool, Maytag, KitchenAid,
Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to
consumers in nearly every country around the world.
Certain information included in this press release from I Green Innovations,
Inc., may contain forward-looking statements about our current and expected
performance trends, growth plans, business goals and other matters. These
statements may be contained in our filings with the Securities and Exchange
Commission, in our press releases, in other written communications, and in oral
statements made by or with the approval of one of our authorized officers.
Information set forth in this press release contains various "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The Private Securities
Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor"
provisions for forward-looking statements. The reader is cautioned that such
forward-looking statements are based on information available at the time and/or
management's good faith belief with respect to future events, and are subject to
risks and uncertainties that could cause actual performance or results to differ
materially from those expressed in the statements. Forward-looking statements
speak only as of the date the statement was made. We assume no obligation to
update forward-looking information to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking information.
Forward-looking statements are typically identified by the use of terms such as
"anticipate," "believe," "could," "estimate," "expect," "intend," "may,"
"might," "plan," "predict," "project," "should," "will," and similar words,
although some forward-looking statements are expressed differently. Although we
believe that the expectations reflected in such forward-looking statements are
reasonable, we can give no assurance that such expectations will prove to be
correct.
For more information please visit:
http://www.bgreeninnovations.com/
Contact:
Dolores Serafin
732-441-7700
SOURCE: I Green Innovations
Copyright 2009 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Alternative Energy
Environment:Hazardous Materials Management
Environment:Natural Resource Management
Retail:Appliances
Food and Beverage:Retailers
Lifestyle and Leisure:Home and Garden
Environment:Waste Management
Wow. What a D! Hope it can stand its leg.
Sucker PPJE on action again.