busy making sauce
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p22946,
I still have a good amount of shares, the news has been good and I expect to see additional nice news, the gravel is worth big money and I expect they also have nice assets IMO. Gonna wait this one out.
~Rig
~SNPD .051 X .054 ~Rig
mrgoodtrade,
Added earlier today :).Next week should be a nice week IMO.I like the business concept and convenience of what they are doing.
~Rig
jonesieatl.
No, real quiet huh? lol. Hopefully the calm before the storm.I think many companies may be waiting the summer doldrums out before they release good news.Most news with otcbb's/pinks have gone unnoticed.
have a great weekend
~Rig
~SNPD .047 X .054 (RAPT) Chart...
Noticed yesterday volume surge when QUIN MMkr showed up on the bid.They accumulated quite a few shares yesterday IMO.My target is north of .10 again.
~Rig
~UTYW News...GM All! ...
Unity Wireless Ships CDMA 450 Coverage Enhancement Solution for 3G Cellular Operator Field Trial in Southeast Asia
Jul 29, 2005 7:00:00 AM
2005 PrimeZone Media Network
BURNABY, British Columbia, July 29, 2005 (PRIMEZONE) -- Unity Wireless Corporation (OTCBB:UTYW), a developer of integrated wireless subsystems, power amplifiers and coverage enhancement solutions, announced today that it shipped a comprehensive coverage enhancement solution to a Southeast Asian wireless 3G network operator for a live CDMA 450MHz TMA system field trial.
The coverage enhancement solution kit from Unity Wireless will help this 3G network operator to enhance the uplink performance of its base station infrastructure. The kit includes tower mounted amplifiers (TMAs) and related accessories that help amplify incoming signals from cell phones, data cards and other subscriber devices. This improvement can lead to quality of service benefits including reduced bit error rates and reduced dropped or uncompleted calls. The improvement can also increase the "talk time" of subscriber devices, since these devices often consume less power to transmit their signals to the base station as a result of extra amplification of the incoming signal at the cell site.
Ilan Kenig, President and CEO of Unity Wireless, stated, "We are pleased to report this field trial, which if successful could represent significant revenues for our coverage solutions group. CDMA 450 MHz networks were once viewed as a niche market, but are now an attractive opportunity because of the growing number of operators deploying these networks."
About Unity Wireless www.unitywireless.com
Unity Wireless is an ISO 9001:2000 certified developer of RF (radio frequency) power amplifiers, components, integrated front-ends and coverage enhancement solutions for wireless communications networks. Our products are an integral part of the base station and repeater infrastructure that comprise the backbone of wireless communications networks around the world. From analog cellular to 3G mobile and fixed wireless applications from 450 MHz to 3.5 GHz, Unity Wireless products deliver enhanced efficiency and performance with field-proven quality and reliability in tens of thousands of base stations and repeaters around the world.
Forward Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "feel," "plan," "anticipate," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, inability to raise the funds necessary for the Company's continued operations, changes in external market factors including the economy and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.
CONTACT: Unity Wireless Corporation
Dallas Pretty
(604) 267-2736
dallasp@unitywireless.com
Osprey Partners
Mike Mulshine
(732) 292-0982
osprey57@optonline.net
~SNPD .05 X .052 On it's way back to .10 ish IMO.~Rig
~SNPD .047 X .052 ~Rig
pnew122/SNPD, a few trades there as per time and sales.~Rig
~SNPD (RAPT) .048 X .055 Chart...
~Rig
~SNPD .045 X .048 moving! ~Rig
~QMMG .13 X .15 Picked up some, todays news...
Quest Minerals Announces Intention to Diversify into the Energy Field
Jul 28, 2005 10:56:00 AM
Copyright Business Wire 2005
SOUTH WILLIAMSON, Ky.--(BUSINESS WIRE)--July 28, 2005--
QUEST MINERALS AND MINING (OTCBB: QMMG) announced today the Board of Directors approved efforts to seek to expand the Company's energy base into the oil and gas sector.
Quest management has over 30 years of energy related projects and has managed over $60,000,000 of oil and gas exploration and production in Appalachia, Oklahoma, Colorado, North Dakota and Louisiana. Quest may also engage key industry experts to assist in the analysis and funding of these properties.
Quest management believes that a successful diversification into the oil and gas field will provide Quest with an opportunity to enhance revenue and earning potential for shareholders while hedging on coal production and prices.
One property under analysis by Quest is a 36,000 acre deep (10,000 feet) Devonian play in which Quest intends to seek a participating interest with additional rights of participation and a large concession with 12,000,000 BBL of oil sand. The company currently lacks sufficient capital to adequately pursue this expansion, and any such expansion by the company will depend on the company's ability to attract new investment capital to support the potential growth into these sectors.
Further information about Quest Minerals and Mining can be found on the Web at www.questminerals.com.
Safe Harbor Statement:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates, "or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
Source: Quest Minerals and Mining
----------------------------------------------
Quest Minerals and Mining
Investor:
William R. Wheeler
304-688-5647
or
Press:
Eugene Chiaramonte
Jr.
973-684-0075
mrgoodtrade/BLSH,
Float is less than 3 mill IMO.get the cheapies while they are available IMO.
~Rig
~SOYO .74 X .76 ~Rig
~ICOA .059 X .06 News...
ICOA Powers Trump Atlantic City Resorts and Casinos
Company Delivers Broadband Internet Service to 3,000 Rooms
Jul 28, 2005 9:53:00 AM
ATLANTIC CITY, N.J. and WARWICK, R.I., July 28 /PRNewswire-FirstCall/ -- Trump Resorts and ICOA, Inc. (OTC Bulletin Board: ICOA), a national provider of broadband Internet networks and managed services in high-traffic public locations, announced today that ICOA-powered broadband Internet service is now available in all 3,000 guest rooms, conference facilities and public meeting areas across the three Trump Resort properties in Atlantic City: Trump Taj Mahal, Trump Marina Hotel Casino and the Trump Plaza.
Kurt Ohlson, executive director of hotel operations at Trump Taj Mahal Casino Resort, said, "Our hotel and casino guests, convention planners and companies increasingly expect and demand reliable and affordable broadband Internet access service in our facilities. We selected national provider ICOA to power this new guest and convention service due to their national scale, proven deployment and complex network management capabilities. Key to our decision was ICOA's live agent customer call center, offering 24/7/365 help desk services for our guests and convention customers."
Deployment of the service started on May 15, 2005, and was completed on July 1, 2005. Wired broadband Internet service is available in all rooms, and broadband wireless Wi-Fi service is available in all conference facilities and public areas. The Trump Taj Mahal offers 1,250 rooms, 140,000 square feet of convention and exhibit space and 22 meeting rooms. The Trump Marina Hotel Casino offers 728 guest rooms, 60,000 square feet of convention and exhibit space and 22 meeting rooms. The Trump Plaza offers 904 guest rooms, 20,000 square feet of convention and exhibit space and 12 meeting rooms.
ICOA CEO Rick Schiffmann said, "This has been one of ICOA's largest deployments to date at a single facility. This contract involved an aggressive installation time schedule in order to meet Trump Resorts' expectations of enhancing in-room and meeting/convention services with reliable broadband Internet access supported by a dedicated customer care facility."
Guests can access ICOA's broadband Internet access in-room via standard high-speed Ethernet connectivity, and in convention, meeting and public areas using their own Wi-Fi-enabled notebook computer or hand-held devices. ICOA's national service reaches across 45 states and 1,200 high-traffic public locations, including airports, quick service and quick casual restaurants, marinas, travel plazas, metrozones and higher education campuses.
About Trump
Trump Entertainment Resorts, Inc. is one of the world's largest operators of hotels and casinos. The Trump name stands proudly on three world-class casino hotels in Atlantic City, N.J.: Trump Plaza Hotel & Casino located in the center of the city on the famous boardwalk, Trump Marina Casino Resort located in the Marina District, and Trump Taj Mahal Casino Resort, home of one of the world's largest casinos and one of the most luxurious casino-hotels ever built.
Each property is a winner of the American Academy of Hospitality Sciences Five Star award that signifies it as a premier property that meets the strict standards of the Academy. Each year the Academy bestows its International Star Diamond Award exclusively on deserving individuals and five-star establishments that are deemed to be at the pinnacle of quality. The International Star Diamond Award is the most prestigious emblem of achievement and true quality.
About ICOA, Inc.
ICOA, Inc. is a national provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, universities, travel plazas, marinas, hospitality and hot zone locations. ICOA owns or operates over 1,200 broadband access installations in high-traffic locations across 45 states. For additional information, visit http://www.icoacorp.com .
An investment profile about ICOA may be found online at http://www.hawkassociates.com/icoa/profile.htm .
For more information, contact ICOA VP of Corporate Development John Balbach at (401) 352-2368, e-mail: jbalbach@icoacorp.com . For investor relations, contact Frank Hawkins or Julie Marshall, Hawk Associates, (305) 451-1888, e-mail: info@hawkassociates.com . An online investor relations kit containing ICOA press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com .
The foregoing contains "forward-looking statements," which are based on management's beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA's control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA's filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.
SOURCE ICOA, Inc.
----------------------------------------------
Frank Hawkins or Julie Marshall
both of Hawk Associates
+1-305-451-1888
or info@hawkassociates.com
for ICOA
Inc.
~BLSH .16 X .19 News...
BlueStar Health CEO Issues Shareholder Letter
Jul 28, 2005 9:54:00 AM
Copyright Business Wire 2005
SUGAR LAND, Texas--(BUSINESS WIRE)--July 28, 2005--
BlueStar Health Inc., (OTCBB:BLSH), CEO, Alfred Oglesby, issued a letter to shareholders outlining the Company's target market, growth strategy and recent developments:
Dear Shareholders of BlueStar Health, Inc.,
An ancient Chinese proverb states, "May you live in interesting times". While this certainly applies in general to the world in which we live, it also applies to the world in which shareholders of BlueStar Health exist. We are witnessing, first-hand, a transformation in the U.S. healthcare industry from a reactive model based on the treatment of illness to a proactive model of preventative care and wellness. It is in this sphere that BlueStar Health will play both a critical and leading role as the first mainstream and nationwide preventative care and wellness provider.
The transition toward a focus on preventative care and wellness are a result of three powerful trends shaping the future of healthcare: 1.) Skyrocketing costs of treatment and insurance (Preventable illnesses are estimated to make up two-thirds of the burden of all illnesses and associated costs as U.S. healthcare expenditures now exceed $1.7 trillion annually); 2.) The demand generated by nearly 80 million aging baby-boomers seeking to feel better, look younger and live longer; and 3.) Americans increased desire to more directly control their own personal health and well-being. These trends have also precipitated legislation that addresses each of these issues, which should champion preventative care as a more mainstream treatment approach and potentially extend the treatments covered by Medicare to include preventative care.
Another phenomenon validating the Company's direction is the evidence of significant investment in like minded companies. Former AOL Time Warner, now Time Warner (NYSE:TWX) CEO Gerald Levin has opened the Moonview Sanctuary in Santa Monica, CA. Dubbed as a high-end ultra-chic clinic for celebrities, the location incorporates many varying disciplines of mental, spiritual and physical health. Similarly, another AOL Time Warner Alumnus, Steve Case, has formed Revolution, LLC; to invest in wellness related assets and businesses. With major investors including, Jim Barksdale the former CEO of Netscape, AT&T Wireless and COO of FedEx Corp. (NYSE:FDX), and Frank Raines, former CEO of Fannie Mae (NYSE:FNM), the group has begun investing in wellness retreats as well as in media assets featuring spiritual and wellness content.
Investment activity, however, is not isolated to the recently disavowed corporate executive. Recently, Rob Wrubel, founder of Ask Jeeves (NASDAQ:ASKJ) and his business partner, George Lichter, founded WholeBody, Inc. Backed by Venture Capital juggernaut, Highland Capital Partners (whose previous investments have included high-profile deals such as Staples (NASDAQ:SPLS) and Sybase (NYSE:SY), WholeBody has made a series of acquisitions including several popular Yoga studio franchises on both the east and west coasts.
Clearly, demand exists and the drivers for growth are present and only getting stronger. We believe that existing physical therapy clinics represent our 'doorway' to a leadership position within the sector, allowing the company to capture a leadership role in delivering services to the emerging preventative care industry. Our strategy is to enter the market early, build a defensible position, and ride the crest of industry growth by acquiring cash flow positive outpatient physical therapy practices and adding preventative care and wellness services. In addition to BlueStar's acquisition of cash flow positive facilities we will also be acquiring prime real-estate to add to our balance sheet as assets.
We are currently restructuring and converting our existing Mississippi facilities from physical medicine operations to physical therapy, prevention and wellness operations. We anticipate that initiative to be completed shortly. Additionally, to date we have executed three Letters Of Intent to acquire additional facilities and are currently entering into definitive agreements. We fully expect to close at least one of these acquisitions within the next few weeks, which when integrated, will translate into significant revenue and earnings streams with healthy gross and net margins for shareholders of BlueStar Health.
We are participating in a healthcare revolution and the journey we are undertaking possesses the potential to reshape the modern notion of health. We hope you will take the journey with us.
Sincerely,
Alfred Oglesby, CEO
BlueStar Health, Inc.
About BlueStar Health
BlueStar Health Inc. (BLSH) is a healthcare management company with operations in physical therapy and preventative care services. The Company is acquiring physical therapy clinics and integrating health prevention treatments and programs to create a new healthcare services model based on preventing illness. Preventative care products and services are designed to help people feel better, loose or manage weight, slow aging, look younger, and detect diseases at an early stage when treatment outcomes are the most effective. The Company's strategy will capitalize on the transition from traditional to preventative care by offering an "a la carte" line of preventative care services in order to participate in the transition from sick-care to well-care.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of BlueStar Health, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: BlueStar Health, Inc.
----------------------------------------------
For BlueStar Health
Inc.
Sugar Land
Brass Bulls
Corp.
Investor Relations
Marc Lovito
866-342-2700
yes it is!!!! lets get her back to .10 range.That was a nice update!This moves real easy.The numbers cant be ignored forever IMO.Spinoff in the works!
~Rig
~SOYO Product link to amazon.com...
Type in SOYO television
http://www.amazon.com/exec/obidos/subst/home/home.html/002-1971625-9095250
Chart...
~Rig
Here are the products...
Type in SOYO television
http://www.amazon.com/exec/obidos/subst/home/home.html/002-1971625-9095250
~Rig
~Todays News Release...
Amazon.com Now Carries SOYO's Dymond Wide-Screen, HD-Ready LCD TVs
Thursday July 28, 9:03 am ET
ONTARIO, Calif.--(BUSINESS WIRE)--July 28, 2005--SOYO® Group Inc. (OTC: SOYO - News) today announced that the company's Dymond Wide-Screen, 32- and 37-inch HD-Ready LCD TVs are available on Amazon.com. Amazon.com Inc. (Nasdaq: AMZN - News), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's biggest selection. SOYO is a leading global provider of computer peripheral devices, consumer electronics and broadband telecommunications products.
Safe Harbor Act Notice
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings. Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by SOYO, nor has their accuracy been verified by SOYO.
--------------------------------------------------------------------------------
Contact:
SOYO Group Inc.
Pat Harriman, 909-292-2543
path@soyogroup.com
or
The Ruth Group
David Pasquale, 646-536-7006 (Investor Relations)
dpasquale@theruthgroup.com
or
Sierra Tech Public Relations
Len Fernandes, 530-832-1613 (Technical Media Relations)
lencom@earthlink.net
~SOYO News...GM All! ...
http://biz.yahoo.com/bw/050728/285131.html?.v=1
Amazon.com Now Carries SOYO's Dymond Wide-Screen, HD-Ready LCD TVs
Thursday July 28, 9:03 am ET
ONTARIO, Calif.--(BUSINESS WIRE)--July 28, 2005--SOYO® Group Inc. (OTC: SOYO - News) today announced that the company's Dymond Wide-Screen, 32- and 37-inch HD-Ready LCD TVs are available on Amazon.com. Amazon.com Inc. (Nasdaq: AMZN - News), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's biggest selection. SOYO is a leading global provider of computer peripheral devices, consumer electronics and broadband telecommunications products.
Safe Harbor Act Notice
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings. Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by SOYO, nor has their accuracy been verified by SOYO.
--------------------------------------------------------------------------------
Contact:
SOYO Group Inc.
Pat Harriman, 909-292-2543
path@soyogroup.com
or
The Ruth Group
David Pasquale, 646-536-7006 (Investor Relations)
dpasquale@theruthgroup.com
or
Sierra Tech Public Relations
Len Fernandes, 530-832-1613 (Technical Media Relations)
lencom@earthlink.net
Rig
~STWG .30 X .35 ducks lining up IMO...
Web Site...http://www.s2cglobal.com/
http://biz.yahoo.com/pz/050726/82693.html
http://biz.yahoo.com/pz/050725/82601.html
http://biz.yahoo.com/pz/050222/73179.html
Expecting additional releases with potential orders.
Rig
~SOYO .74 X .76 ~Rig
~NIHK .139 X .143 not too shabby.~Rig
~NIHK grabbed some @ .11.News nice, chart possible reversal and Jonathan Lebed likes it.lol.
News...http://biz.yahoo.com/bw/050727/275321.html?.v=1
Rig
~PJTGQ .0048 X .005 Getting some early volume, GM All! ~Rig
Nice volume and popsky today!!! Cmon dont be shyyyyyyyyyyyyy say something to me board.lol.
Rig
jonesieatl,
Nice to know they arent giving shares away below the bid.I am gonna call the company hopefully this week to see how we're doing and find out maybe when we shall hear from them again.
be well,
Rig
~COBN .046 X .047 Grabbed a few more here, Acq mentioned in recent filing and nice bottom here.Small floater also...
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019056%2D05%2D000461%2Etxt&FilePath...
~Rig
~SOYO .74 X .755/ 5X average volume, broke 50 MA of.73 ...
~Rig
drbob512,
I am referring to the old shell holders.They will eventually be washed out.IMO.
Rig
~SOYO .74 X .755 ~Rig
~CCCN .355 X .42 showing up on this list...
hmmm
http://buyins.net/tools/symbol_stats.php?sym=cccn
~Rig
drbob,
as long as the company continues to sign contracts that are profitable, I have no concerns.The dilution is temporary and our audience will continue to grow.IMO!
Rig
Spark, certainly looking like we may have chewed through a seller. That contract press release was big and added a lot of credibility. IMO.~Rig
Oh I do!!!! lol. ~Rig
Dspetry,
can't ask for any better news from this company.Very happy with this investment!
Welllll, maybe we could.How about closing this deal....
http://biz.yahoo.com/prnews/050614/cntu008.html?.v=5
China Energy Savings Enters Into $36 Million Letter of Intent to Provide Energy Savings Products to Wuhan City, China
Tuesday June 14, 9:00 am ET
HONG KONG, June 14 /Xinhua-PRNewswire/ -- China Energy Savings Technology, Inc. (Nasdaq: CESV - News) announced today that Starway Management Limited's ('Starway') wholly owned energy saving project company in China has signed a Letter of Intent in May for profit sharing with the New Development District Government of Wuhan City, located in the Hubei Province, China to provide energy saving products worth in excess of $36 million, at just the time when China is heading into summer, the peak energy season.
Under the Letter of Intent, the Company will supply its energy saving products to be used in the streetlights of the city, as well as to various other government departments within the new district. The agreement is subject to final documentation.
'We will carry out this contract according to our profit sharing model, which enables both China Energy Savings and our customer to benefit,' said Mr. Sun Li, Chairman and CEO of China Energy Savings. 'The company's share will be 70% of the savings under this arrangement. The average savings in the Wuhan new district is expected to be around 25%, with our return on investment coming in approximately 11 months.'
Upon signing the definitive agreement, estimated net profit during the 7-year life of the contract, according to terms of the LOI, is expected to reach $2.88 million per month upon completion of installation of the equipment, and after recovering the cost of installation.
About China Energy Savings Technology
China Energy Savings Technology, Inc., through its subsidiary, Starway Management Limited, engages in the development, manufacture, sale, and distribution of energy-saving products for use in commercial and industrial settings in the People's Republic of China. According to test reports by various PRC authorities including the National Center of Supervision & Inspection on Electric Light Source Quality (Shanghai) issued in September 2002, Shenzhen Academy of Metrology & Quality Inspection issued in December 2002 and approved by the State Quality Supervision Inspection Department, the energy saving products of Starway's subsidiaries may provide energy saving rates ranging from approximately 25% to 45%. The energy saving projects conducted by Starway's subsidiaries mostly relate to public or street lighting systems, government administration units, shopping malls, supermarkets, restaurants, factories and oil fields, etc. There are small and large-scaled projects: the small-scaled projects relate to restaurants, shops, small arcades, offices and households through the sale of equipment, and the large-scaled projects relate to large shopping malls, supermarkets, factories and public bodies through the provision and installation of equipment over a term usually extended for years. With the world's energy crisis as the backdrop, and global oil prices breaking record highs, China's own crisis is growing not only in size, but in concern as well. Coal prices and energy consumption in China are also at all-time highs. For these reasons, the company's products are widely used and highly recommended in China because of the huge energy market and the excellent prospect of energy savings.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
Web: http://www.cesv-inc.com
Email: contactus@cesv-inc.com
--------------------------------------------------------------------------------
Source: China Energy Savings Technology, Inc.
~Rig
~PYST .0014 X .0015 added a few more ~Rig
~CESV News ...
China Energy Savings Provides Energy Savings Products to 250 Residential Areas Managed By China Overseas Property Management Limited in China
Contract Expected to Generate Revenue of approximately $24.6 million over three years
Jul 26, 2005 12:00:00 PM
HONG KONG, July 26 /Xinhua-PRNewswire/ -- China Energy Savings Technology, Inc. (Nasdaq: CESV), a leading provider of energy management products in China, announced today that its subsidiary Shenzhen Dicken Technology Development Limited ("Dicken Technology") signed a three-year agreement, expected to generate revenue of $24.6 million, with the Shenzhen Branch of the largest Chinese property management company, China Overseas Property Services Limited ("China Overseas"), to provide energy savings equipment to up to 250 residential dwellings managed by the property company. The Company will begin to receive revenue upon installation of the equipment at each location. The initial installations will be in two luxury residential areas in Shenzhen, namely, Dynasty Court and The Seaview. Under the agreement, China Energy will receive 70% of the energy savings, while China Overseas will receive 30% of the electricity savings.
China Overseas maintains extensive parking facilities at its properties. These facilities consume electricity 24 hours a day, in order to provide adequate lighting for drivers. Under the agreement, China Overseas is expected to reduce its annual electrical costs at these facilities by an average of at least 25% annually as a result of it is share of the energy savings. Due to the high level of annual savings, the term of the contract is for three years, instead of five to seven years as is customary for the Company's agreements. After the initial installation is completed, the parties plan to expand the Company's energy saving technology to China Overseas' other housing management districts in China.
"The energy savings equipment will first be installed at these two luxury residential areas. The average savings in these two areas is above 25% due to the high-end technology of these products. After the 3-year life of the contract, all of the energy savings equipment will be owned by our company. We selected China Energy's products due to the stable performance of Dicken's products. Our company plans to install the equipments to all our 250 housing management districts in China, which will be implemented in several phases. Our competitive ability can be increased in the housing management profession by reducing the operation cost," said Mr. Dong, the Energy Savings Project Manager of China Overseas.
Sun Li, the Chairman and CEO of China Energy Savings, said, "We see China Overseas' usage of our products as recognition of the benefits of our technology. China Overseas is the largest housing management company, managing luxury residential areas in China. We are excited to begin aggressively to roll out our products throughout their organization. We anticipate the installation for the 250 housing residential areas in China to be completed within 10 months."
About China Energy Savings Technology
China Energy Savings Technology, Inc., through its ownership interest in Starway Management Limited engages in the development, manufacture, sale, and distribution of energy-saving products for use in commercial and industrial settings in the People's Republic of China. According to test reports by various PRC authorities including the National Center of Supervision & Inspection on Electric Light Source Quality (Shanghai) issued in September 2002, Shenzhen Academy of Metrology & Quality Inspection issued in December 2002 and approved by the State Quality Supervision Inspection Department, the energy saving products of Starway's subsidiaries may provide energy saving rates ranging from approximately 25% to 45%. The energy saving projects conducted by Starway's subsidiaries mostly relate to public or street lighting systems, government administration units, shopping malls, supermarkets, restaurants, factories and oil fields, etc. There are small and large-scaled projects: the small-scaled projects relate to restaurants, shops, small arcades, offices and households through the sale of equipment, and the large- scaled projects relate to large shopping malls, supermarkets, factories and public bodies through the provision and installation of equipment over a term usually extended for years.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
Contact Information:
John Roskelley
President
First Global Media
480-902-3110
Website: www.cesv-inc.com
Email: contactus@cesv-inc.com
Ed Lewis
CEOcast, Inc.
212-732-4300
Website: www.cesv-inc.com
Email: contactus@cesv-inc.com
SOURCE China Energy Savings Technology, Inc.
----------------------------------------------
John Roskelley
President
First Global Media
+1-480-902-3110
contactus@cesv-inc.com; Ed Lewis
CEOcast
Inc.
+1-212-732-4300
contactus@cesv-inc.com
Todays News Release...
China Energy Savings Provides Energy Savings Products to 250 Residential Areas Managed By China Overseas Property Management Limited in China
Contract Expected to Generate Revenue of approximately $24.6 million over three years
Jul 26, 2005 12:00:00 PM
HONG KONG, July 26 /Xinhua-PRNewswire/ -- China Energy Savings Technology, Inc. (Nasdaq: CESV), a leading provider of energy management products in China, announced today that its subsidiary Shenzhen Dicken Technology Development Limited ("Dicken Technology") signed a three-year agreement, expected to generate revenue of $24.6 million, with the Shenzhen Branch of the largest Chinese property management company, China Overseas Property Services Limited ("China Overseas"), to provide energy savings equipment to up to 250 residential dwellings managed by the property company. The Company will begin to receive revenue upon installation of the equipment at each location. The initial installations will be in two luxury residential areas in Shenzhen, namely, Dynasty Court and The Seaview. Under the agreement, China Energy will receive 70% of the energy savings, while China Overseas will receive 30% of the electricity savings.
China Overseas maintains extensive parking facilities at its properties. These facilities consume electricity 24 hours a day, in order to provide adequate lighting for drivers. Under the agreement, China Overseas is expected to reduce its annual electrical costs at these facilities by an average of at least 25% annually as a result of it is share of the energy savings. Due to the high level of annual savings, the term of the contract is for three years, instead of five to seven years as is customary for the Company's agreements. After the initial installation is completed, the parties plan to expand the Company's energy saving technology to China Overseas' other housing management districts in China.
"The energy savings equipment will first be installed at these two luxury residential areas. The average savings in these two areas is above 25% due to the high-end technology of these products. After the 3-year life of the contract, all of the energy savings equipment will be owned by our company. We selected China Energy's products due to the stable performance of Dicken's products. Our company plans to install the equipments to all our 250 housing management districts in China, which will be implemented in several phases. Our competitive ability can be increased in the housing management profession by reducing the operation cost," said Mr. Dong, the Energy Savings Project Manager of China Overseas.
Sun Li, the Chairman and CEO of China Energy Savings, said, "We see China Overseas' usage of our products as recognition of the benefits of our technology. China Overseas is the largest housing management company, managing luxury residential areas in China. We are excited to begin aggressively to roll out our products throughout their organization. We anticipate the installation for the 250 housing residential areas in China to be completed within 10 months."
About China Energy Savings Technology
China Energy Savings Technology, Inc., through its ownership interest in Starway Management Limited engages in the development, manufacture, sale, and distribution of energy-saving products for use in commercial and industrial settings in the People's Republic of China. According to test reports by various PRC authorities including the National Center of Supervision & Inspection on Electric Light Source Quality (Shanghai) issued in September 2002, Shenzhen Academy of Metrology & Quality Inspection issued in December 2002 and approved by the State Quality Supervision Inspection Department, the energy saving products of Starway's subsidiaries may provide energy saving rates ranging from approximately 25% to 45%. The energy saving projects conducted by Starway's subsidiaries mostly relate to public or street lighting systems, government administration units, shopping malls, supermarkets, restaurants, factories and oil fields, etc. There are small and large-scaled projects: the small-scaled projects relate to restaurants, shops, small arcades, offices and households through the sale of equipment, and the large- scaled projects relate to large shopping malls, supermarkets, factories and public bodies through the provision and installation of equipment over a term usually extended for years.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
Contact Information:
John Roskelley
President
First Global Media
480-902-3110
Website: www.cesv-inc.com
Email: contactus@cesv-inc.com
Ed Lewis
CEOcast, Inc.
212-732-4300
Website: www.cesv-inc.com
Email: contactus@cesv-inc.com
SOURCE China Energy Savings Technology, Inc.
----------------------------------------------
John Roskelley
President
First Global Media
+1-480-902-3110
contactus@cesv-inc.com; Ed Lewis
CEOcast
Inc.
+1-212-732-4300
contactus@cesv-inc.com